Examples of Resource Adequacy Capacity in a sentence
Seller shall comply with all requirements established by (a) any regulatory agency and/or (b) any electric power reliability organization (including, but not limited to, MISO, Reliability First Corporation, or NERC), that has jurisdiction over Buyer to enable the Buyer to receive the Plant’s Resource Adequacy Capacity from MISO.
Seller shall accomplish delivery of Resource Adequacy Capacity hereunder by (i) cooperating with Xxxxx, as provided in Subsection 6.3, Capacity Data, so that Buyer can obtain and submit the appropriate capacity data for the Plant to MISO and (ii) delivery of electric energy from the Plant in the form of Delivered Energy.
During Contract Period 2, beginning on January 1, 2025, subject to the terms and conditions of this Agreement, and continuing until the termination of this Agreement, when the Buyer has a capacity need, Xxxxxx agrees to sell and supply to Buyer, and Xxxxx agrees to accept and purchase from Seller, an amount of Resource Adequacy Capacity equal to amount of the Buyer’s capacity need and all Delivered Energy that Seller supplies and/or delivers to Buyer under this Agreement.
Buyer shall accomplish receipt of Resource Adequacy Capacity by (i) ensuring that the Plant’s capacity data is appropriately represented in MISO’s Module E capacity tracking system, or any successor system (“MECT”), and converting the Unforced Capacity value determined from such data to ZRCs or MW/day, and (ii) acknowledging receipt of the Capacity in Module E.
Compensation for such Resource Adequacy Capacity and Delivered Energy shall be paid for in accordance with Section 7, Compensation.
Failure by Buyer to receive Resource Adequacy Capacity after Seller’s delivery of such capacity has been affected shall not excuse Buyer’s obligation to pay for such capacity.