PTC Rate definition

PTC Rate means eighty percent (80%) of one and one half cents (1.5) per K Wh of electricity generated by the Project during the PTC Period, and which takes into account the inflation adjustment provided in Section 45(b)(2) of the Code as in effect as of the Signing Date, without reduction or phase out.
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PTC Rate means the per $/MWh rate pursuant to Section 45 of the Code that would have applied to the Energy that is not generated by the Wind Project as a result of a Purchaser Voluntary Curtailment Order for purposes of determining the amount of Production Tax Credits that would have been allowed for such Energy, calculated on an After-Tax Basis.
Sample 1
PTC Rate means the rate per MWh, if any, which would result in Seller receiving the value of Production Tax Credits lost by Seller as a result of Lost Production, on an after-tax basis during the initial 120 calendar months following the Commercial Operation Date, calculated in accordance with Exhibit D.
Sample 1

Examples of PTC Rate in a sentence

  • The fixed Program price provides a 7% discount off of today’s Price to Compare which is [PTC Rate] cents/kWh. PECO’s Price to Compare changes quarterly in March, June, September and December.

  • The fixed Program price provides a5 7% discount off of today’s Price to Compare which is [PTC Rate] cents/kWh.6 PECO’s Price to Compare changes quarterly in March, June, September and December.

  • PGE finds the following recommendations to be reasonable: 5 • PTC Rate: PGE agrees with AWEC’ recommendation.

  • For small commercial customers, the PTC Rate will be calculated by using the most recent utility filings for the rate components and other factors that comprise the utility default supply price applicable to the specific small commercial customer.

  • The ultimate rate guaranteed to customers is the Guaranteed Savings Rate (“GS Rate”) and it is calculated as follows: GS Rate = PTC Rate – (PTC Rate * 0.01) In performing the reconciliation, the Company will use the published PTC, the applicable incumbent utility default supply prices posted for each month during the reconciliation period on the New York Public Service Commission’s Power to Choose web site.

  • PTC value equals: (PTC Rate x d) Where “PTC Rate” means the PTC rate established by the Internal Revenue Service and applicable to the Lost Production (currently $0.024/kWh if the Facility is entitled to 100% of the PTCs) and “d” equals a tax gross-up factor.

  • PTC value equals: (PTC Rate x d) Where “PTC Rate” means the PTC rate established by the Internal Revenue Service and applicable to the Lost Production (currently $0.024/kWh per Federal Register, Vol.

  • PTC Rate: The PTC rate used in this proceeding will be updated to $0.028 2 per kilowatt-hour.


More Definitions of PTC Rate

PTC Rate means the PTC rate established by the Internal Revenue Service and applicable to the Lost Production (currently $0.023/kWh) and “d” equals a tax gross‐up factor.
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Related to PTC Rate

  • Reference Rate means the rate specified as such hereon.

  • Reference Interest Rate means the interest rate which is used as the basis for calculating any interest to be applied and which comes from a publicly available source which can be verified by both parties to a payment service contract;

  • Base Rate means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times be equal to the highest of:

  • U.S. Base Rate means, for any day, the rate of interest per annum equal to the greater of (a) the interest rate per annum publicly announced from time to time by the Administrative Agent as its reference rate in effect on such day at its principal office in Toronto for determining interest rates applicable to commercial loans denominated in U.S. Dollars in Canada (each change in such reference rate being effective from and including the date such change is publicly announced as being effective) and (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%.

  • SONIA Reference Rate means, in respect of any London Banking Day, a reference rate equal to the daily Sterling Overnight Index Average ("SONIA") rate for such London Banking Day as provided by the administrator of SONIA to authorised distributors and as then published on the Relevant Screen Page (or if the Relevant Screen Page is unavailable, as otherwise is published by such authorised distributors) on the London Banking Day immediately following such London Banking Day; and

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Floating Rate Margin means 7.50 per cent. per annum.

  • CB Floating Rate means the Prime Rate; provided that the CB Floating Rate shall never be less than the Adjusted One Month LIBOR Rate on such day (or if such day is not a Business Day, the immediately preceding Business Day). Any change in the CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be effective from and including the effective date of such change in the Prime Rate or the Adjusted One Month LIBOR Rate, respectively.

  • LIBOR Rate means a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the Administrative Agent pursuant to the following formula: LIBOR Rate = LIBOR

  • Applicable Interest Rate means (i) with respect to any Fixed Rate Indebtedness, the fixed interest rate applicable to such Fixed Rate Indebtedness at the time in question, and (ii) with respect to any Floating Rate Indebtedness, either (x) the rate at which the interest rate applicable to such Floating Rate Indebtedness is actually capped (or fixed pursuant to an interest rate hedging device), at the time of calculation, if Borrower has entered into an interest rate cap agreement or other interest rate hedging device with respect thereto or (y) if Borrower has not entered into an interest rate cap agreement or other interest rate hedging device with respect to such Floating Rate Indebtedness, the greater of (A) the rate at which the interest rate applicable to such Floating Rate Indebtedness could be fixed for the remaining term of such Floating Rate Indebtedness, at the time of calculation, by Borrower’s entering into any unsecured interest rate hedging device either not requiring an upfront payment or if requiring an upfront payment, such upfront payment shall be amortized over the term of such device and included in the calculation of the interest rate (or, if such rate is incapable of being fixed by entering into an unsecured interest rate hedging device at the time of calculation, a fixed rate equivalent reasonably determined by Administrative Agent) or (B) the floating rate applicable to such Floating Rate Indebtedness at the time in question.