PURCHASE OF POWER Clause Samples

The 'Purchase of Power' clause defines the terms under which one party agrees to buy electricity or energy from another party. Typically, this clause outlines the quantity of power to be purchased, the pricing structure, delivery schedules, and any conditions related to the supply and acceptance of power. For example, it may specify whether the purchase is for a fixed amount of megawatts per month or based on actual consumption, and detail how payments are calculated. The core function of this clause is to establish clear obligations and expectations for both buyer and seller, thereby reducing the risk of disputes over energy supply and payment.
PURCHASE OF POWER. (a) Seller shall sell and deliver and PGandE shall purchase and accept delivery of firm capacity and energy at the voltage level of ________ (1)kV as indicated below-- 1. Contract capacity - 8,526 kW; and 2. Energy - net energy output (2). Seller may convert its energy sale option as provided in section A-3 of Appendix A. (b) Seller shall provide the firm capacity and energy set forth above from its 10,750 kW Facility located at J. R. Wood Inc., 7916 West Bellvue Road, Atwater, California 95301. (c) The sch▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇r 1, 1986. At the end of each calendar quarter Seller shall give written notice to PGandE of any change in the scheduled operation date. (d) To avoid exceeding the physical limitations of the interconnection facilities, Seller shall limit the Facility's actual rate of delivery into the PGandE system to __________ (1)kW. ---------- 1 The Seller requests, and PGandE consents, that this blank not be filled in at the time of executing the Agreement because the Seller, recognizing that the information is not yet available to make a definitive determination of the number to be inserted in this blank, shall request PGandE to perform an interconnection study to be done in its accustomed manner of making such studies to determine the number to be inserted. 2 Insert either "net energy oust" or "surplus energy output" to show the energy sale option selected by Seller. (e) The primary energy source for the Facility is natural gas. (f) If Seller does not begin construction of its Facility by __________ (2), PGandE may reallocate the [Date] existing capacity on PGandE's transmission and/or distribution system which would have been used to accommodate Seller's power deliveries to other uses. In the event of such reallocation, Seller shall pay PGandE for the cost of any upgrades or additions to PGandE's system necessary to accommodate the output from the Facility. Such additional facilities shall be installed, owned, and maintained in accordance with the applicable PGandE tariff. (g) The transformer loss adjustment factor is ________ (3) ---------------- 1 The appropriate number will be inserted upon completion of an interconnection study.
PURCHASE OF POWER. In addition to its 350,000 MWh purchase obligation under the Chugach Wholesale Power Agreement, AEG&T will purchase from Chugach in each calendar year after the Date of Commercial Operation a quantity of energy (MWh) equal to HEA’s residual energy (MWh) requirements less the quantity of energy (MWh) received by AEG&T as HEA’s allocated share under the ▇▇▇▇▇▇▇ ▇▇▇▇ Hydroelectric Project Agreement for the Sale and Purchase of Electric Power and less the quantity of energy (MWh) generated for AEG&T Use; provided, that the quantity of energy which AEG&T shall be committed to purchase pursuant to this provision for its residual energy requirements shall not exceed 320,000 MWh per year. AEG&T’s purchase obligation under this provision shall commence on the Date of Commercial Operation. Residual energy is that energy used by HEA which is above the 350,000 MWh purchase obligation under the Chugach Wholesale Power Agreement but does not include any energy supplied from capacity used to supply demand in excess of 73 MW on the Chugach system or energy purchased by HEA from not more than one (1) MW of installed capacity pursuant to its Sustainable Natural Alternative Power (SNAP)
PURCHASE OF POWER. (a) Seller shall sell and deliver and PGandE shall purchase and accept delivery of firm capacity and energy at the voltage level of______((1)) kV as indicated below -- 1. Contract capacity - 34,000 kW; and 2. Energy - net energy output ((2)). Seller may convert its energy sale option as provided in Section A-3 of Appendix A. (b) Seller shall provide the firm capacity and energy set forth above from its 38,000 kW (ISO) Facility located at Section 28, township 12 north, range 24 west, 3 1/2 miles south of ▇▇▇▇, ▇▇▇▇ County, California. (c) The scheduled operation date of the Facility is November 1986. At the end of each calendar quarter Seller shall give written notice to PGandE of any change in the scheduled operation date. ((1)) The Seller requests, and PGandE consents, that this blank not be filled in at the time of executing the Agreement, because the Seller, recognizing that the information is not yet available to make a definitive determination of the number to be inserted in this blank, shall request PGandE to perform an interconnection study to be done in its accustomed manner of making such studies to determine the number to be inserted. ((2)) Insert either net energy output or surplus energy output to show the energy sale option selected by Seller.
PURCHASE OF POWER. Paragraph (a) - The blank in the first sentence is replaced with 115 kV to reflect the energy delivery voltage level: (a) Seller shall sell and deliver and PGandE shall purchase and accept delivery of firm capacity and energy at the voltage level of 115 kV as indicated below
PURCHASE OF POWER. (a) Seller shall sell and deliver and PGandE shall purchase and accept delivery of firm capacity and energy at the voltage level of kv ((1)) as indicated below -- 1. Contract capacity - 13,300 kW; and 2. Energy - surplus energy output ((2)). Seller may convert its energy sale option as provided in Section A-3 of Appendix A. (b) Seller shall provide the firm capacity and energy set forth above from its 17,000 kW Facility located at Township 12N, Range 24W, Section 33-34, Ke▇▇ ▇ounty, California. (c) The scheduled operation date of the Facility is December 1, 1986. At the end of each calendar quarter Seller shall give written notice to PGandE of any change in the scheduled operation date. ((1)) The Seller requests, and PGandE consents, that this blank not be filled in at the time of executing the Agreement, because the Seller, recognizing that the information is not yet available to make a definitive determination of the number to be inserted in this blank, shall request PGandE to perform an interconnection study to be done in its accustomed manner of making such studies to determine the number to be inserted.
PURCHASE OF POWER. (a) Seller shall sell and deliver and PGandE shall purchase and accept delivery of capacity and energy at the voltage level of 115 kW. (b) Seller shall provide capacity and energy from its 6,500 kW Facility located in the Altamont Pass. (c) The scheduled operation date of the Facility is February 1, 1987. At the end of each calendar quarter Seller shall give written notice to PGandE of any change in the scheduled operation date. (d) To avoid exceeding the physical limitations of the interconnection facilities, Seller shall limit the Facility's actual rate of delivery into the PGandE system to 6,500 kW. (e) The primary energy source for the Facility is natural gas. (f) If Seller does not begin construction of its Facility by November 30, 1986, PGandE may reallocate the existing capacity on PGandE's transmission and/or distribution system which would have been used to accommodate Seller's power deliveries to other uses. In the event of such reallocation, Seller shall pay PGandE for the cost of any upgrades or additions to PGandE's system necessary to accommodate the output from the Facility. Such additional facilities shall be installed, owned and maintained in accordance with the applicable PGandE tariff. (g) The transformer loss adjustment factor is ____________1
PURCHASE OF POWER. Section (g) ----------------------------------------- This section, which previously read "The transformer loss adjustment factor is determined in Appendix A-19" shall be changed to read as follows: "The transformer loss adjustment factor is 0 (footnote 3)." The following footnote shall also be added: 3 If Seller chooses to have meters placed on Seller's side of the transformer, an estimated transformer loss adjustment factor of 2 percent, unless the Parties agree otherwise, will be applied. This estimated transformer loss figure will be adjusted to a measurement of actual transformer losses performed at Seller's request and expense.

Related to PURCHASE OF POWER

  • Exercise of power 18.6.1 The failure, delay, relaxation or indulgence by a party in exercising a power or right under this agreement is not a waiver of that power or right. 18.6.2 An exercise of a power or right under this agreement does not preclude a further exercise of it or the exercise of another right or power.

  • Exercise of Powers All of the powers, remedies and rights of the Collateral Agent as set forth in this Agreement may be exercised by the Collateral Agent in respect of any Security Document as though set forth in full therein and all of the powers, remedies and rights of the Collateral Agent as set forth in any Security Document may be exercised from time to time as herein and therein provided.

  • Sale and Purchase of Shares Upon the terms and subject to the conditions contained herein, on the Closing Date the Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase from the Seller, all of the Shares.

  • Purchase of Property With any cash at any time held by it, to purchase or subscribe for any Authorized Investment (as defined in Section 6.3) and to retain the same in trust.

  • Purchases of Portfolio Shares for Sale to Customers (a) In offering and selling Portfolio shares to your customers, you agree to act as dealer for your own account; you are not authorized to act as agent for us or for any Portfolio.