Determination of Allocated Renewable Energy Percentage Sample Clauses

Determination of Allocated Renewable Energy Percentage. The PPA will provide for an expected facility capacity in MWac (the “Expected Facility Capacity”) and require that the nameplate rating of the Renewable Resource be no more than one hundred percent (100%) and no less than ninety percent (90%) of the Expected Facility Capacity. Due to uncertainty as to the percentages of the Renewable Energy that customers of Company other than UK (“Other Customers”) are willing to purchase, the Expected Facility Capacity is also uncertain. If Other Customers collectively enter into contracts for the purchase of sixty-six percent (66%) of the Renewable Energy, the PPA will provide for an Expected Facility Capacity of 162 MWac. However, if Other Customers collectively enter into contracts for less than sixty-six percent (66%) of the Renewable Energy, the PPA may provide for an Expected Facility Capacity of less than 162 MWac. Because UK desires to purchase thirty-four percent (34%) of the Renewable Energy based on an assumption that the Expected Facility Capacity will be 162 MWac and does not desire to purchase smaller quantities of Renewable Energy based on inaction by Other Customers, the “Allocated Renewable Energy Percentage” shall be thirty-four percent (34%) or, if the Expected Facility Capacity as set forth in the PPA is less than 162 MWac, the percentage, rounded to the nearest whole percentage, that results from dividing 55.08 MWac by such Expected Facility Capacity.
Sample 1
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