Power Sales Clause Samples

Power Sales. 6.1 Subject to the terms and conditions of this Agreement, Seller hereby agrees to deliver and sell to Edison, and Edison hereby agrees to accept and purchase from Seller, all Net Energy delivered and all Net Capacity made available by Seller to Edison at the Point of Interconnection. 6.2 Upon request by Seller, Edison shall supply, and Seller shall purchase, capacity and energy in amounts necessary to meet the Project's start-up and Auxiliary Load requirements. Seller shall pay Edison for such capacity and energy in accordance with Edison's time-of-use energy tariff for electric service exceeding 500 kW, as now in effect or as may hereafter be authorized by the Commission to be revised ("Tariff Schedule TOU-8"). 6.3 Seller shall use its best efforts to design, construct; operate and maintain the Project so as generate the maximum amount of Net Energy and associated Net Capacity. 6.4 Seller shall operate the Project as a base load facility with a planned long-term annual capacity factor of 75% in accordance with generally accepted practices in the electric utility industry in the State of California. 6.5 If Seller desires to develop any additional capacity from the Magma Resource, Edison shall have the right to Purchase such additional capacity and associated energy therefrom. If the Parties are unable to reach a satisfactory agreement and such additional capacity and associated energy is offered to any other party or parties, Edison shall have the right to purchase such capacity and energy under the same terms and conditions as those under which Seller is willing to sell, and another party or parties are willing to purchase, the additional capacity and associated energy. 6.6 Seller shall have an option to elect to provide power for the operation of the Geothermal Facilities from its own Generating Facility or to purchase such power from Edison. If Seller elects to exercise such option, Seller shall give Edison prior written notice thereof. If Seller elects to exercise such option, this Agreement shall be amended to provide appropriate reimbursement to Edison for interconnection facilities. If metering changes are required to implement the exercise of such option, such changes shall be at the expense of Seller. If such option is exercised by Seller, then Seller shall repay unearned capacity payments in accordance with the following formula calculated for each year of delivery until the date Seller begins serving the Geothermal Facilities from its own gener...

Power Sales. The Partnership shall not enter into any Additional Contract relating to the sale or exchange of electrical capacity or electric energy other than: (a) one or more agreements to sell electric capacity to NIMO, provided that the Partnership shall have delivered to the Trustee a copy of such agreement, accompanied by (i) an Officers’ Certificate certifying that (A) such agreement is an agreement of the type described in and permitted by this Section 6.21(a); (B) the electric capacity to be sold to NIMO under such agreement is not in excess of that portion of the electric capacity of the Project from which sales of electric energy are contemplated to be made pursuant to the NIMO Power Purchase Agreement; (C) after giving effect to the terms of such agreement and to the transactions related thereto which could reasonably be expected to have an effect on the projected operating results of the Partnership (including any effect on the terms and conditions under which the Partnership obtains fuel for the Project), the average annual and minimum annual Projected Debt Service Coverage Ratios over the period commencing on the date of such Officers’ Certificate and ending with the latest maturity date of the then Outstanding Bonds in the reasonable judgment of the Partnership shall be no less than such Projected Debt Service Coverage Ratios over such period determined as if such agreement were not in effect; and (D) such agreement in the reasonable judgment of the Partnership otherwise contains terms and conditions which taken as a whole are no less favorable to the Partnership than the NIMO Power Purchase Agreement, and (ii) an Independent Engineer’s Certificate, dated the date of the Officers’ Certificate, stating that, based upon reasonable investigation and review, the Independent Engineer believes the statements set forth in the Officers’ Certificate delivered pursuant to the preceding clause (i) to be reasonable; or (b) one or more agreements for sales of electric energy or capacity to Con Ed, NIMO or Alcan or purchasers other than Con Ed, NIMO or Alcan, provided that no such agreement shall reduce the amount of electric energy and capacity available to be sold by the Partnership to Con Ed pursuant to the Con Ed Energy Purchase Agreement unless consented to by Con Ed and provided, further, that the Partnership shall have delivered to the Trustee a copy of such agreement, accompanied by (i) an Officers’ Certificate certifying that (A) such agreement is an agreeme...

Power Sales. 6.22.1 Consent to, or permit, the provision of electrical products to any Person other than PSCo under the Power Purchase Agreement, without the prior written consent of Administrative Agent (acting at the direction of the Majority Lenders). (a) Provide information or notification to PSCo relating to any Long-Term Excess Capacity (as such term is defined in the Power Purchase Agreement), or (b) exercise the Put Option (as such term is defined in the Power Purchase Agreement) pursuant to Section 7.3(B) of the Power Purchase Agreement, in each case, unless (i) Borrower has notified Administrative Agent of its intention to provide such information or notification or exercise such option (as the case may be) and (ii) Administrative Agent (acting at the direction of the Majority Lenders) has not delivered a notice to Borrower objecting to the provision of such information or notification or the exercise of such option (as the case may be) within 30 days after the receipt of the notice referred to in clause (b)(i) above.

Power Sales. As further detailed in Paragraph 2(c) of the Business Agreement Bonneville Nevada agrees to provide G-P with workable electrical power for use by G-P in the Plant. In the event G-P elects to purchase such power, all facilities necessary to deliver such power to the Plant shall be constructed at G-P's expense and G-P shall purchase such power at the lesser of (1) the industrial rate of Nevada Power Company which would have applied to the Plant or (2) cogeneration rate paid by Nevada Power Company to Bonneville Nevada under the Power Sale Agreement at 'such time that G-P makes the election to purchase such power. A failure by Bonneville Nevada to provide electrical power to G-P for any reason whatsoever shall not constitute a default hereunder or under the Business Agreement on the part of Bonneville Nevada. However, the price paid for heat purchased under this Agreement shall be adjusted to reflect a credit to account for G-P's cost for purchasing power from another source in excess of the rate forth in this Paragraph.

Power Sales. 61 6.23 Governing Document Changes...................................... 61

Power Sales. The sale of electricity produced by the GT Plant will be made pursuant to the Power Purchase Contract entered into by and between the Company and Huaxi Electric Power (Group) Shareholding Company Ltd. The PPC, shall state clearly that the Huaxi Electric Power (Group) Shareholding Company Ltd. shall be responsible for arranging the execution of on-grid agreement and dispatch agreement entered into by and between the Company & the Power Bureau.

Power Sales. Consent to, or permit, the provision of electrical products to any Person other than (a) WP&L under the Tolling Agreement, (b) MG&E under the Power Purchase Agreement, and (c) CES under the CES Power Sales Agreement.

Power Sales