Common use of Transfer of Deliverability Rights - Same Location Clause in Contracts

Transfer of Deliverability Rights - Same Location. If a facility deactivates an existing unit within the NYCA and commissions a new one at the same electrical location, the ▇▇▇▇ status of the deactivated facility and its deliverable capacity level may be transferred to that same electrical location, provided that the new facility becomes operational within three years from the deactivation of the original facility. The new facility will only acquire the assigned capacity deliverability rights once the new facility becomes operational. Capacity rights will be stated in MWs of Installed Capacity. In the case of transfers between the same or different resource types, those MWs of Installed Capacity will be adjusted by the derate factor applicable to the existing facility (based on the asset-class derate factors used in the most recent Class Year Deliverability Study) before the transfer and, following the transfer, will be readjusted to MWs of Installed Capacity in accordance with the derate factor applicable to the new facility (based on the asset-class derate factors used in the most recent Class Year Deliverability Study).

Transfer of Deliverability Rights - Same Location. If a facility deactivates an existing unit within the NYCA and commissions a new one at the same electrical location, the ▇▇▇▇ status of the deactivated facility and its deliverable capacity level may be transferred to that same electrical location, provided that the new facility becomes operational within three years from the deactivation of the original facility. The new facility will only acquire the assigned capacity deliverability rights once the new facility becomes operational. Capacity rights will be stated in MWs MW of Installed Capacity. In the case of transfers between the same or different resource types, those MWs MW of Installed Capacity will be adjusted by the derate factor applicable to the existing facility (based on the asset-class derate factors used in the most recent Class Year Deliverability Study) before the transfer and, following the transfer, will be readjusted to MWs MW of Installed Capacity in accordance with the derate factor applicable to the new facility (based on the asset-class derate factors used in the most recent Class Year Deliverability Study).