SRAC definition

SRAC means the full short run avoided operating costs that are the basis of Buyer’s published electric energy prices, as well as the methodology describing, among other things, payment for GHG compliance costs and GHG charges, and certain reporting requirements with respect thereto, as approved by the CPUC in the Settlement Agreement, and as may be revised by the CPUC from time to time. Section 10 of the Settlement Agreement sets forth SRAC as in effect on the Settlement Effective Date.

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SRAC has the meaning provided in the Preamble.

SRAC has the meaning provided in the preamble to this Agreement.

Examples of SRAC in a sentence

Preserve and maintain its corporate existence, material rights (charter and statutory) and franchises; provided that (i) Holdings, the Borrowers and their Subsidiaries may consummate any merger or consolidation permitted under Section 6.02(b); (ii) neither Holdings nor the Borrowers nor any of their Subsidiaries shall be required to preserve or maintain the corporate existence of any Subsidiary (other than Sears, SRAC, Kmart Corp.
Furthermore, during the Standstill Period, EDISON, on the one hand, and SELLER and any trade organization of which it is a member (to the extent that SELLER has the capacity to cause such trade association to do so), on the other hand, shall, as to each other, take all necessary steps to suspend or stay any regulatory proceeding(s) pending before the Federal Energy Regulatory Commission ("FERC") or the Commission concerning (a) SRAC or (b) performance by EDISON or SELLER pursuant to the Contract.
Nothing stated in this Section 8.02 relieves Buyer of its obligation to pay Seller for Seller’s GHG Compliance Costs and GHG Charges in accordance with and subject to SRAC and this Agreement.
Holdings, SRAC, Kmart Corp., certain lenders, ▇▇▇▇▇ Fargo Bank, National Association, f/k/a ▇▇▇▇▇ Fargo Retail Finance, LLC.
The ▇▇▇ Period Energy Price, in dollars per kWh, for any ▇▇▇ Period shall be calculated pursuant to and as determined by the methodology set forth in SRAC.

More Definitions of SRAC

SRAC means Sears ▇▇▇▇▇▇▇ Acceptance Corp., a corporation organized under the laws of the State of Delaware having a place of business at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, Greenville, Delaware 19807.

SRAC means the short run avoided cost formula for determining energy prices payable to QFs as established from time to time by the CPUC, including, but not limited to, applicable time-of-delivery allocation factors and energy loss adjustment factors, consistent with the manner in which the term SRAC is used in the Renewable Agreements.

SRAC is defined in the Preamble hereto.

SRAC has the meaning specified in Section 11.17.

SRAC. CPUC-approved costs, updated from time to time, which are the basis of Edison's published energy and capacity prices.

SRAC means Sears Roebuck Acceptance Corp.

SRAC means Strategic Restaurants Acquisition Company II, LLC.