Monthly Capacity Payment. The “Monthly Capacity Payment” shall be computed based upon the following formula: Monthly Capacity Payment = (CC × 1000 × CPR × MAAF) - CPS, where: CC = the Contract Capacity; CPR = Capacity Payment Rate; CPS = Capacity Payment Shortfall, if any, from any prior month; and MAAF = Availability Adjustment Factor for that month, computed as follows:
Monthly Capacity Payment. For each month, Buyer shall pay Seller for the Product the amount calculated as follows (“Monthly Capacity Payment”): MCP = CC x CP x SF x AAF Where: MCP is the Monthly Capacity Payment expressed in Dollars for such month of the Delivery Period. CC is the Contract Capacity, expressed in kW, rounded to the nearest 100 kW. CP is the Capacity Price expressed in Dollars per kW-year, for the applicable month. SF is the Monthly Shaping Factor for the applicable month, as set forth in the following table: Month Monthly Shaping Factor (%) January 6.7 February 5.0 March 5.0 April 5.8 May 6.3 June 8.3 July 15.8 August 17.5 September 11.7 October 5.8 November 5.8 December 6.3 AAF is the Availability Adjustment Factor for each month, expressed as a three-place decimal and determined as follows:
Monthly Capacity Payment. The Monthly Capacity Payment, which shall be adjusted as set forth in APPENDIX 4 CAPACITY PAYMENT, for the current Month (and any previous Months in the case of the first (1st) invoice).
Monthly Capacity Payment. (i) Each month of the Delivery Term (and pro-rated for the first and last month of the Delivery Term if the Delivery Term does not start on the first day of a calendar month), Buyer shall pay Seller a Monthly Capacity Payment equal to the Storage Rate x Effective Storage Capacity. Such payment constitutes the entirety of the amount due to Seller from Buyer for the Storage Product. If the Effective Storage Capacity is adjusted pursuant to a Storage Capacity Test other than the first day of calendar month, payment shall be calculated separately for each portion of the month in which the different Effective Storage Capacity is applicable.
Monthly Capacity Payment. The Monthly Capacity Payment for each month of the Delivery Period shall be determined as follows: MCPm = CCm x CR x SFm x EAFm x RTERFm Where: MCPm is the Monthly Capacity Payment expressed in Dollars for month m of the Delivery Period. If month m is less than a full calendar month, then the Monthly Capacity Payment for such month shall be prorated based on the number of days of the Delivery Period during such month. CCm is the Contract Capacity in effect during month m, expressed in kWAC, rounded to the nearest 100 kWAC. If the Contract Capacity changes during such month, then the Monthly Capacity Payment for such month shall be prorated based on the applicable Contract Capacity before such change and the applicable Contract Capacity from and after such change. CR is the Capacity Rate expressed in Dollars per kWAC-year, CR = $[XXX]/kWAC-year SFm is the Monthly Shaping Factor for the applicable month m, as set forth in the following table: Month Monthly Shaping Factor (%) January 6.7 February 5.0 March 5.0 April 5.8 May 6.3 June 8.3 July 15.8 August 17.5 September 11.7 October 5.8 November 5.8 December 6.3 Notwithstanding the foregoing, Buyer may modify the Monthly Shaping Factors by providing Notice to Seller of its modifications no later than ninety (90) days prior to the start of the next Contract Year; provided, however, the sum of the twelve (12) Monthly Shaping Factors in any Contract Year must equal one hundred percent (100%); provided further Buyer’s right to modify the Monthly Shaping Factor shall not apply to the final Contract Year. EAFm or the “Equivalent Availability Factor” for month m is the equivalent availability factor computed as follows: EAFm = Where: p is the number of hours in month m. i is the hour in month m. Availabilityi is the lesser of the following, for hour i:
Monthly Capacity Payment. For each month in any Program Year (the “Current Month”), a monthly capacity payment (“Monthly Capacity Payment” or “MCP”) shall be calculated as follows (See Example 1): ***
Monthly Capacity Payment. Once the Project has achieved its Initial Delivery Date, Buyer shall pay Seller a monthly capacity payment (the “Monthly Capacity Payment”), except that Buyer shall not be required to pay the Monthly Capacity Payment for any month in which the Equivalent Availability Factor is less than 0.90 or the Round-Trip Efficiency Rate Factor is less than 0.90. The Monthly Capacity Payment for the Project payable each month of the Delivery Period shall be determined in accordance with the calculation set forth in Appendix 9.2. For the month in which the Initial Delivery Date occurs, the Monthly Capacity Payment will be prorated for the remaining days of that month. For the last month of the Term, the Monthly Capacity Payment will be prorated for the number of days remaining in the Term. Variable O&M Charge.
Monthly Capacity Payment. 23 10.02. Allocation of Other Payments and Costs. 23 ARTICLE ELEVEN 25 PAYMENT AND BILLING 25 11.01. Billing Period. 25 11.02. Timeliness of Payment. 25 11.03. Disputes and Adjustments of Invoices. 25 11.04. Netting Rights. 26 ARTICLE TWELVE 26 CREDIT AND COLLATERAL 26
Monthly Capacity Payment. SCE shall make a Monthly Capacity Payment, calculated as set forth below in this Section 10.01, payable monthly after the applicable Showing Month, in arrears, in accordance with Article Eleven, to Seller for each month of the Delivery Period, provided that the Monthly Capacity Payment is subject to reduction in accordance with the other terms of this Agreement.
Monthly Capacity Payment. For each Month during the Delivery Term, the Monthly Capacity Payment shall equal the sum of (i) (the Fixed Contract Price for Capacity times 1000 times the Fixed Capacity Quantity) plus (ii) all Monthly Capacity Pass-Through Costs incurred by Seller that Month, if any, and minus (iii) all Monthly Capacity Pass-Through Credits received by Seller that Month, if any.
