Class Year Study definition
Examples of Class Year Study in a sentence
If the LGIA is executed prior to the completion of the Class Year Study, the Developer must agree, in the LGIA, that in the Class Year decision process, it will accept the Project Cost Allocation and post Security for any System Upgrade Facilities that are identified and cost allocated in the Class Year Study even if such Project Cost Allocations exceed the estimates included in the LGIA and include equipment not identified in the LGIA.
To the extent that upgrades or cost estimates in the Class Year Study differ from the amounts or descriptions in the LGIA, the Developer shall work with the ISO and Connecting Transmission Owner to promptly amend the LGIA as needed.
The Developer executing an LGIA prior to the completion of a Class Year Study cannot participate as an Installed Capacity Supplier until after the Class Year Study is completed and (1) the project is deemed deliverable and accepts its deliverable megawatts; or (2) the Developer accepts its Project Cost Allocation and posts Security for any required System Deliverability Upgrades.
To the extent the ISO identifies alternative potential System Deliverability Upgrades in the System Reliability Impact Study, the Developer may elect which System Deliverability Upgrades to be evaluated in the Class Year Study.
The Class Year Study schedule shall contain major milestones to facilitate the tracking of the progress of each Class Year Project.
When a Developer or Interconnection Customer requests entry into the Class Year Study, it shall provide with its request for entry either (i) a demonstration that the project satisfies the applicable regulatory milestones described in Section 25.6.2.3.1.1 of Attachment S or (ii) notice that it will submit a qualifying contract pursuant to Section 25.6.2.3.1 of Attachment S to the OATT or a two-part deposit consisting of $100,000 plus $3,000/MW deposit as required by Section 25.6.
The second part of the study (“Class Year Study”) is a combined study of the projects participating in the Class Year to identify the remainder of the System Upgrade Facilities required to reliably interconnect the aggregate of projects in the Class Year Study.
The Developer has executed a Class Year Study Agreement for its Large Generating Facility to enter into the Class Year that commences after the completion of Class Year 2015.
A study that a Developer may elect to pursue if the Class Year Deliverability Study identifies the need for a new System Deliverability Upgrade (i.e., a System Deliverability Upgrade not previously identified and cost allocated in a Class Year Study and not substantially similar to a System Deliverability Upgrade previously identified and cost allocated in a Class Year Study) that requires additional study.
Before undertaking Trial Operation of the Large Generating Facility, the Developer must accept the cost allocated to the Large Generating Facility for SUFs through the Class Year Study that commences after the completion of Class Year 2015 and post any Security or make any payment required pursuant to Attachment S of the NYISO OATT.