Common use of Capacity Payment Option B - Firm Capacity Purchase Clause in Contracts

Capacity Payment Option B - Firm Capacity Purchase. If Seller selects Capacity Payment Option B, Seller shall provide to Edison for the Contract Term the Capacity specified in Section 3.6, or as adjusted pursuant to Section 13.3, and Seller shall be paid as follows: 15.2.2.1 If Seller meets the performance requirements set forth in Section 15.2.2.2, Seller shall be paid a Monthly Capacity Payment, beginning from the date of Firm Operation equal to the sum of the on-peak, mid-peak, and off-peak Capacity Period Payments. Each capacity period payment is calculated pursuant to the following formula: Monthly Capacity Period = A x B x C x D Payment Where A = Capacity Price specified in Section 15.1 based on the Capacity Payment Schedule contained in Edison's Standard Offer No. 2 for Firm Power Purchases in effect at the time of Amendment No. 1 execution.