Common use of Performance Assurance Amount Clause in Contracts

Performance Assurance Amount. The Performance Assurance Amount shall be calculated pursuant to the following formula: PERFORMANCE ASSURANCE AMOUNT, in dollars ($) = A x B x C x D Where: A = Nameplate Contract Capacity, in MW B = 4,380 hr C = Energy Price, in MWh, as set forth in Section 1.06(b) D = 0.30