Confirmed Quantity definition

Confirmed Quantity has the meaning set forth in Section 5.1.

Confirmed Quantity means the quantity of gas received from the Shipper at the Point(s) of Receipt, less Gas-in-Kind retained by Company for loss and use. The Confirmed Quantity is the amount of gas available for Transportation to the Shipper’s Point(s) of Delivery.

Confirmed Quantity means the quantity of gas confirmed by a transmission system operator to be scheduled or re-scheduled to flow on gas day D;

Examples of Confirmed Quantity in a sentence

• The monthly capacity payment (“Capacity Payment” or “KP”) shall be calculated as follows: KPm = CPm × FQm where, CPm = Contract Price for month m; FQm = Confirmed Quantity for month m.

• The Energy Settlement will be calculated as follows: ESm = ∑ ESd × FQm where, ∑ = the sum from i=1 to n; n = the total number of days in a month; FQm = Confirmed Quantity for month m; ESd = ∑ max [(0,(DAPi – VOM)]) where, ESd = Energy Settlement for day d; ∑ = the sum from i = 1 to z, where z is ____ [insert the number of hours of duration of the Project]; DAPi = the largest i values of DAP in a day for all Settlement Periods in a day; VOM = Variable O&M (in $/MWh), as set forth in the Agreement.

• For all Capacity Attributes of the Product that Seller delivers, Buyer shall pay Seller for the ratio of (a) the sum of all Capacity Attributes of the Delivered Quantities to (b) the sum of all Capacity Attributes of the Product, all as multiplied by (c) the Payment Quantity (“Confirmed Quantity”), as shown in the equation below; and the Energy Settlement will be reduced to reflect the Confirmed Quantity.

• Confirmed Quantity shall mean the quantity of Natural Gas confirmed to be scheduled to flow on a Day at the IP, taking into account the nominated quantities for that Day at both sides of the IP and the matching process used for comparing and aligning the Natural Gas quantity requested by the Network Users to be transported at the IP.

• The monthly Variable Settlement amount (“Variable Settlement” or “VS”) shall be calculated as follows [section subject to change based on Seller’s bid]: VSm = FQm × ∑ max (ESd, SASd, RASd) where, FQm = Confirmed Quantity for month m; ∑ = the sum from d = 1 to n; n = total number of days in a month; SASd = Spin Ancillary Services Settlement for day d; ESd = Energy Settlement for day d; and RASd = Regulation Ancillary Services Settlement for day d.

More Definitions of Confirmed Quantity

Confirmed Quantity means, for a particular Gas Day, the quantity of Gas confirmed by a Party to its Shippers for that Gas Day as result of the Matching Process.

Confirmed Quantity means the final result of the confirmation process and is the quantity of gas stated in MMBtu or Dth which has been determined as authorized to flow on a specified Gas Day at a specified Point of Receipt or Delivery on behalf of a Shipper or Shippers. Transporter's Scheduled Quantity reports provided via EDM shall conform to the requirements of the Data Dictionary standards as set forth in NAESB Standards 1.4.5 and shall reflect Confirmed Quantities.

Confirmed Quantity means the lowest daily quantity of Local RA Attributes that is submitted in the Supply Plan for the applicable Showing Month and is demonstrated by the Provider in the Proof of Commitment submitted for such Showing Month.

Confirmed Quantity means the lowest daily quantity of Capacity Attributes that is submitted in the Supply Plan for the applicable Showing Month.

Confirmed Quantity means the quantity of gas in respect of each Nomination or Renomination confirmed to a Shipper following the matching process;

Confirmed Quantity means the quantity of gas confirmed by a Transporter to be scheduled or re- scheduled to flow on Gas Day D following application of the matching rule i.e. the same value will be communicated to the User by the relevant Transporter at the IP;

Confirmed Quantity means the gas quantity confirmed by the Transmission System Operator to the Network User to be scheduled or re-scheduled to flow for a specific gas day.