Capacity Attributes and Resource Adequacy Benefits Sample Clauses
The "Capacity Attributes and Resource Adequacy Benefits" clause defines how the rights and obligations related to the capacity value and resource adequacy of an energy resource are allocated between parties. In practice, this clause specifies which party is entitled to claim, use, or sell the capacity attributes—such as the ability of a power plant to reliably supply electricity during peak demand—and any associated benefits under regulatory or market frameworks. By clearly assigning these rights, the clause ensures there is no ambiguity or double-counting of capacity benefits, thereby supporting compliance with regulatory requirements and facilitating efficient market participation.
Capacity Attributes and Resource Adequacy Benefits. Subject to Section 1.11, Seller shall dedicate and convey any and all Capacity Attributes and Resource Adequacy Benefits, if any, generated by, associated with or attributable to the Generating Facility throughout the Delivery Term to SCE and SCE shall be given sole title to all such Capacity Attributes and Resource Adequacy Benefits in order for SCE to meet its resource adequacy obligations under any Resource Adequacy Rulings. Seller represents, warrants and covenants to SCE that Seller:
(i) Has not used, granted, pledged, assigned or otherwise committed any portion of the generating capacity of the Generating Facility to meet the resource adequacy requirements of, or to confer Resource Adequacy Benefits on, any entity other than SCE; and
(ii) Throughout the Delivery Term, will not use, grant, pledge, assign or otherwise commit any portion of the generating capacity of the Generating Facility to meet the resource adequacy requirements of, or to confer Resource Adequacy Benefits on, any entity other than SCE.
Capacity Attributes and Resource Adequacy Benefits. Seller shall dedicate and convey any and all Capacity Attributes and Resource Adequacy Benefits generated by, associated with or attributable to the Generating Facility throughout the Delivery Term to SCE and SCE shall be given sole title to all such Capacity Attributes and Resource Adequacy Benefits.
Capacity Attributes and Resource Adequacy Benefits. (i) Seller shall dedicate and convey any and all Capacity Attributes and Resource Adequacy Benefits generated by, associated with or attributable to the Generating Facility throughout the Delivery Term to Anaheim and Anaheim shall be given sole title to all such Capacity Attributes and Resource Adequacy Benefits.
Capacity Attributes and Resource Adequacy Benefits. (i) Seller shall, if applicable, dedicate and convey any and all Capacity Attributes and Resource Adequacy Benefits generated by, associated with or attributable to the Generating Facility throughout the Delivery Term to SCE and SCE shall be given sole title to all such Capacity Attributes and Resource Adequacy Benefits.
(ii) The Parties acknowledge and agree that as of the Effective Date, the Generating Facility is not eligible for Resource Adequacy Benefits or Full Capacity Deliverability Status through the Small Generator Interconnection Program, under which Seller is applying for its interconnection services. If there is any change in the CAISO Tariff or other Applicable Laws after the Effective Date that would allow the Generating Facility to become eligible for Resource Adequacy Benefits or to obtain Full Capacity Deliverability Status, then Seller shall, in accordance with and subject to this Section 3.01(c), take all necessary actions to obtain the same; provided, notwithstanding any provision of this Section 3.01(c) to the contrary, Seller shall not be obligated to take any action to become eligible for Resource Adequacy Benefits or to obtain Full Capacity Deliverability Status that could reasonably be expected to delay or jeopardize Seller's achievement of the Commercial Operation Date; provided further, if Seller has not taken the necessary actions to become eligible for Resource Adequacy Benefits or to obtain Full Capacity Deliverability Status due to Seller’s reasonable determination that such actions could be expected to delay or jeopardize Seller's achievement of the Commercial Operation Date, then Seller shall, subject to this Section 3.01(c), take such actions at the earliest opportunity that would not reasonably be expected to delay or jeopardize Seller's achievement of the Commercial Operation Date.
(iii) In the event that there is a change in the CAISO Tariff after the Effective Date which allows Seller to apply for Full Capacity Deliverability Status for the Generating Facility, then subject to Section 1.13 and Section 3.01(c)(ii), Seller shall apply to the CAISO, and pay for any Interconnection Study (“Deliverability Study”), for the Generating Facility to receive Full Capacity Deliverability Status;
(iv) In the event that a Deliverability Study demonstrates that Seller will be able to obtain Full Capacity Deliverability Status for the Generating Facility, then, subject to Section 3.01(c)(ii), Seller shall be required to pay the Trans...