Replacement Power. (or “RP”) is 445 MW of Firm Power and associated Firm Energy from the Project eligible to be allocated by the Authority for sale to businesses pursuant to PAL § 1005(13).
Replacement Power means the Measured Energy for any Curtailment Hour.
Replacement Power means electricity purchased by BECO and delivered to the Delivery Point as replacement for any Delivery Shortfall. Replacement Power shall not include Contract Energy delivered to BECO on behalf of NEA pursuant to Section 3.1 hereof.
Examples of Replacement Power in a sentence
The rates to be billed for the procurement of Replacement Power shall be the generation rate equivalent to the provisional or final approved generation rate, or the actual rate of the replacement power, whichever is lower.
The procurement of any Replacement Power beyond the Allowed Outage, including delay in the Commencement of Delivery (COD) shall be the responsibility of the Seller.
More Definitions of Replacement Power
Replacement Power means electricity purchased by JCP&L and delivered to the Delivery Point as replacement for any Delivery Shortfall. Replacement Power shall not include Contract Energy delivered to JCP&L on behalf of NJEA pursuant to Section 3.1 hereof. "Replacement Price" shall mean the lesser of (A) the price at which JCP&L, acting in a commercially reasonable manner, purchases Replacement Power, plus (i) transaction and other administrative costs reasonably incurred by JCP&L in purchasing such Replacement Power and (ii) additional transmission charges, if any, reasonably incurred by JCP&L to transmit Replacement Power to the Delivery Point, or (B) the LMP at the Delivery Point for such Replacement Power; provided, however, that in no event shall such price include any penalties, ratcheted demand or similar charges, nor shall JCP&L be required to utilize or change its utilization of its owned or controlled assets or market positions to minimize NJEA's liability. "Resale Damages" shall have the meaning set forth in Section 3.7 hereof. "Resale Price" shall mean, without duplication, (i) the price at which NJEA, acting in a commercially reasonable manner, sells or is paid for Rejected Power, plus (ii) transaction and other administrative costs reasonably incurred by NJEA in re-selling such Rejected Power; provided, however, that in no event shall NJEA be required to utilize or change its utilization of the Facility or its other assets or market positions in order to minimize JCP&L's liability for Rejected Power. "Restructuring" shall mean the consummation by JCP&L, NJEA, NELP and other necessary Persons of the amendment of the Existing PPA, the execution, delivery and performance of this Agreement and the Execution Agreement and the satisfaction or waiver of the conditions precedent set forth in the Execution Agreement. "Senior Indenture" shall have the meaning set forth in the Recitals. "Senior Secured Notes" shall have the meaning set forth in the Recitals. "Senior Trustee" shall have the meaning set forth in the Recitals. "S&P" shall mean Standard & Poor's Ratings Group, a division of McGraw Hill, Inc., and any successor thereto. "Special Facilities" shall have the meaning set forth in Part I of Schedule H hereof. "Supply Notice" shall have the meaning set forth in Section 3.4(e) hererof. "System Emergency" shall mean the existence of a physical or operational condition and/or the occurrence of an event on the JCP&L transmission system or the PJM transmission system whic...
Replacement Power means, in the event that a Forced Outage, interruption of Gas delivery or curtailment of Power transmission occurs, the amount of Power purchased or financially settled by Energy Manager that shall be equal to the positive difference obtained by subtracting the amount of Power actually delivered from each Facility from the amount of Power MMC has committed to sell Energy Manager in a particular Power Transaction.
Replacement Power means electricity purchased by NJEA as replacement for any Delivery Shortfall. Replacement Power shall not include Energy delivered to NJEA on behalf of TEMI pursuant to Section 3.1(a). "Replacement Price" means the lesser of (A) the price at which NJEA (or any other Person acting on its behalf), acting in a commercially reasonable manner, purchases Replacement Power, plus (i) transaction and other administrative costs reasonably incurred by NJEA (or any other Person acting on its behalf) in purchasing such Replacement Power and (ii) additional transmission charges, if any, reasonably incurred by NJEA (or any other Person acting on its behalf) to transmit Replacement Power to the Delivery Point, or (B) the LMP at the Delivery Point for such Replacement Power; provided, however, that in no event shall such price include any penalties, ratcheted demand or similar charges, nor shall NJEA be required to utilize or change its utilization of its owned or controlled assets or market positions to minimize TEMI's liability. "Resale Price" shall mean, without duplication, (i) the price at which TEMI, acting in a commercially reasonable manner, sells or is paid for Rejected Power, plus (ii) transaction and other administrative costs reasonably incurred by TEMI in re-selling such Rejected Power; provided, however, that in no event shall TEMI be required to utilize or change its utilization of its other assets or market positions in order to minimize NJEA's liability for Rejected Power. 1.2
Replacement Power. The energy from an alternative source responsible to be delivered by the Seller to Buyer at a price not exceeding than the price set in the Agreement.
Replacement Power means electrical energy and/or capacity.
Replacement Power means either or both of Replacement Capacity and Replacement Energy.
Replacement Power shall have the meaning given to such term in each of the Constellation PPA and the Dynegy PPA.