Common use of Monthly Capacity Payment Clause in Contracts

Monthly Capacity Payment. For each month, Buyer shall pay Seller for the Product the amount calculated as follows (“Monthly Capacity Payment”): MCP = CC x CP x SF x AAF Where: MCP is the Monthly Capacity Payment expressed in Dollars for such month of the Delivery Period. CC is the Contract Capacity, expressed in kW, rounded to the nearest 100 kW. CP is the Capacity Price expressed in Dollars per kW-year, for the applicable month. SF is the Monthly Shaping Factor for the applicable month, as set forth in the following table: January 6.7 February 5.0 March 5.0 April 5.8 May 6.3 June 8.3 July 15.8 August 17.5 September 11.7 October 5.8 November 5.8 December 6.3 AAF is the Availability Adjustment Factor for each month, expressed as a three-place decimal and determined as follows:

Appears in 2 contracts

Sources: Power Purchase Agreement, Power Purchase Agreement