Examples of Locational UCAP Seller in a sentence
Failure of a Capacity Market Seller or Locational UCAP Seller to obtain replacement Unforced Capacity to the extent a Generation Capacity Resource that it committed for a Delivery Year is unavailable due to a planned or maintenance outage that occurs during the Peak Season without approval of the Office of the Interconnection, in violation of Section 9(b) of Attachment DD of the PJM Tariff.
The Market Seller that committed the resource, or Locational UCAP Seller that sold the resource, may perform an unlimited number of tests during each such period.
Capacity Market Sellers that committed Demand Resources and Locational UCAP Sellers that sold Demand Resources that cannot demonstrate the hourly performance of such resource in real-time based on the capacity commitment shall be assessed a Demand Resource Compliance Penalty Charge; provided, however, that such under compliance shall be determined on an aggregate basis for all dispatched Demand Resources committed by the same Capacity Market Seller or same Locational UCAP Seller in a CAA.
As to any Generation Capacity Resource experiencing or expected to experience a full or partial outage during any Peak-Hour Period that would or could result in a shortfall under subsection (g) above, a Capacity Market Seller or Locational UCAP Seller may obtain and commit Unforced Capacity from a replacement Capacity Resource (not previously committed) meeting the same locational requirements and same or better temporal availability characteristics (i.e., Annual Resources) as such resource.
A Peak-Hour Period Availability Charge shall be assessed on each Capacity Market Seller or Locational UCAP Seller with a net shortfall in PCAP in an LDA, where such charge is equal to such shortfall times the Capacity Resource Clearing Price determined for such Locational Deliverability Area for such Delivery Year.
Locational UCAP may not be sold or purchased prior to the date that the final EFORD is established for such Delivery Year, and if designated to PJM by the Locational UCAP Seller as sold prior to the Third Incremental Auction for a Delivery Year must be confirmed by the buyer prior to such Third Incremental Auction as purchased for replacement capacity, or such transaction shall be rejected.
The Locational UCAP Seller shall be responsible for any charges imposed under sections 7, 8, 9, 10, 10A, 11, or 13, as applicable, for such Delivery Year, with respect to the increment of capacity sold as Locational UCAP; any other settlement of charges under the Locational UCAP transaction shall be between the parties.
Locational UCAP Seller may be excused from the calculation of a performance shortfall for a Performance Assessment Interval.
Locational UCAP may not be sold or purchased prior to the date that the final EFORD is established for such Delivery Year, and if designated to PJM by the Locational UCAP Seller as sold prior to the Third Incremental Auction or Final Incremental Auction, as applicable for a Delivery Year must be confirmed by the buyer prior to such Third Incremental Auction or Final Incremental Auction as purchased for replacement capacity, or such transaction shall be rejected.
The term “governmental or quasi-governmental corporation” includes a corporation created directly by the state Legislature or by some other governmental body pursuant to specific statutory authorization or direction.