Heat Rate. (a) Heat Rate Guaranty. Seller guarantees the Net Plant Heat Rate for the Facility will not exceed 10,300 BTU/KW-hr (the "Guaranteed Maximum Heat Rate").
Heat Rate. 7 The heat rate of the reference plant is 10,060 Btu/kWh. The assumed heat content of the gas is 8 841,000 Btu/Mcf.6
Heat Rate. For each negative percentage point of Net Heat Rate Improvement, Seller shall owe Buyer a liquidated damage equal to $25,000 per percentage point up to a maximum cap of $125,000 per guarantee period. For each positive percentage point of Net Heat Rate Improvement, Buyer shall pay Seller a bonus equal to $25,000 per percentage point up to a maximum cap of $125,000 per guarantee period. Output For each negative percentage point of Net Output Improvement, Seller shall owe Buyer a liquidated damage equal to $25,000 per percentage point up to a maximum cap of $125,000 per guarantee period. For each positive percentage point of Net Output Improvement, Buyer shall pay Seller a bonus equal to $25,000 per percentage point up to a maximum cap of $125,000 per guarantee period. If Buyer fails to make any Unit available for a Performance Test per its obligations in this degradation guarantee, Buyer shall pay Seller a bonus equal to the applicable maximum cap stated above. In any given year, the maximum liquidated damages that Seller shall credit Buyer or maximum bonus Buyer shall pay Seller or associated with the heat rate & Output Degradation guarantee defined above for the Unit will be subject to an overall annual cap of +/- $50,000.
Heat Rate. As summarized earlier, FIRM expressed concern with respect to the heat rate of 10 GJ/MWh used in the Valleyview TMR Agreement and indicated their preference for the “standard” LBC SO heat rate of 7.5 GJ/MWh. FIRM recommended that the Board approve the Valleyview TMR Agreement either conditionally with the lower heat rate or with a cap of 1% of power generation mode hours in which the higher heat rate could be used. In EAL’s view, the higher heat rate would apply only when the unit was operating in generation mode, which was estimated to be a very small percentage of the time. EAL recognized that the heat rate was higher than the LBC SO rate, but attributed the higher rate to the give-and-take of commercial negotiations. While EAL acknowledged that the higher rate would result in marginally higher costs during the time that the unit was in generation mode, EAL emphasized 9 Application, Tab 4 8 • EUB Decision 2002-31 (April 30, 2002) that the Agreement would also result in significant savings in avoided supplemental payments (as noted earlier) while the unit operated as a synchronous condenser. The Board notes EAL’s further submission that, were the heat rate to be capped at a low percentage of operating hours, it could hinder the TA’s technical staff and possibly the System Administrator in utilizing the unit in generation mode as might be required in particular circumstances. While the Board appreciates FIRM’s concern that the proposed heat rate varies from that approved for the IBOC and LBC SO contracts, the Board is prepared to accept that some variance is reasonable given the unique nature of the Valleyview Proposal and the trade-offs inherent in the negotiations leading to the Valleyview TMR Agreement. Moreover, as already indicated, the Board is persuaded that EAL’s estimate of $7.8 million NPV of potential savings in supplemental payments is reasonable. Therefore, the Board does not consider the proposed 10 GJ/MWh heat rate to be unjust or unreasonable or otherwise imprudent. Accordingly, the Board does not consider it necessary to direct amendments to the Valleyview TMR Agreement or otherwise to condition any approval of the Agreement in this respect. (Click here to return to Table of Contents)
Heat Rate. (a) Guaranteed Heat Rates.
Heat Rate. Final Performance Acceptance. Contractor guarantees that the Heat Rate during the Completed Performance Test used to determine achievement of Final Performance Acceptance, with the Facility operated at Maximum Continuous Rating (MCR), with the combustion turbine operating in accordance with the Acceptance Test Guidelines in Appendix M, shall not be more than 12,100 BTU/kWh (HHV) when corrected to ambient conditions ambient conditions recorded during the test (the “Heat Rate Guarantee”).
Heat Rate. The heat rate for the Facility at Standard Site Conditions, Full Load, and “new & clean” condition expressed in Btu/kWh HHV (the “Contract Heat Rate”) shall be as follows:
Heat Rate. (a) The heat rate of the Plant shall be tested for each Contract Year other than the First Contract Year at the time the capacity of the Plant is required to be tested according to Section 4.3 with respect to such Contract Year (or portion thereof) (each a “Heat Rate Test Date”). The reference heat rate (expressed in MMBtu/MWh) for the Plant (the “Reference Heat Rate”) shall be determined by Shell for the First Contract Year during the Pre-Term Period utilizing the procedure as set forth in Exhibit 8.3 and promptly communicated to Gulf Power and for each subsequent Contract Year shall be determined for each Heat Rate Test Date in accordance with Exhibit 8.3, based on Factored Fired Hours of the Combustion Turbines as of such Heat Rate Test Date.
Heat Rate. The heat rate is between The test is successfully passed if rmin < rguaranteed. The contractor is entitled to a possible bonus if rmax < rguaranteed. If rguaranteed is between rmin and rmax , neither penalty nor bonus will apply. Doc. Classification: DocID: WDAAA245063 Revision: c.9 11(11) 5.5 List of auxiliary equipment operational status during tests Auto Mode: Equipment is running continuously or intermittently, governed by the plant control system Shut down: Equipment is not running This list needs to be specified depending on scope of supply. System Equipment Auto Mode Shut down Cooling System Radiators X Cooling System Pre-heater unit X Fuel System Fuel unloading pump X Fuel System HFO Transfer pump unit X Fuel System HFO feeder pump unit X Fuel System Booster unit X Fuel System LFO Unloading pump unit X Fuel System LFO feeder pump unit X Fuel System HFO separator module X Lube oil System Pre-lube pump unit X Lube oil System Lube oil transfer pump unit X Lube oil System Lube oil Separator X Air System Starting air compressor X Air System Working air compressor X Charge air System Charge air filter X Plant Control and Monitoring X Plant Lighting X Plant Ventilation X Plant Workshop X Plant Overhead crane X Plant Laboratory X Steam system Feed water pump unit X Steam system Circulation pump X .... .... .... .... Power Plants Doc. Classification: Confidential Title: 3. Lubricating oil consumption test Xxx.XX: DAAB184367 Revision: b.6 Author: JNO005/ 20-Aug-2008 Status: Draft
Heat Rate. At the conclusion of each Month, Independence shall calculate the Guaranteed Heat Rate Gas Differential (GHRGD), where: GHRGD = (Actual Gas) - (Target Gas); Actual Gas = the difference for such Month between (a) actual quantities of Gas supplied pursuant to this Agreement and the Gas Supply Agreement and used by the Facility (expressed in MMBtu and measured utilizing the Gas Metering Equipment) minus (b) the quantities of Gas purchased or deemed purchased by Independence pursuant to Section 8.01(b) of this Agreement and pursuant to the Gas Supply Agreement; and Target Gas = the sum of (a) for each Start-up during the Month, the Start-up Gas guaranteed in Exhibit 5.01, plus (b) for each Shutdown during the Month, the Shutdown Gas guaranteed in Exhibit 5.03, plus (c) the sum for all hours during the Month after the completion of Start-up and prior to Shutdown of the Facility of the product of (i) the Guaranteed Heat Rate for such hour (expressed in Btu of Gas consumed per kWh) multiplied by (ii) the actual Net Electric Energy produced during such hour. *** CONFIDENTIAL TREATMENT REQUESTED ***
