Existing Generation definition
Examples of Existing Generation in a sentence
Existing Generation Capacity Resource shall have the meaning specified in the Reliability Assurance Agreement.
For purposes of the must-offer requirement and mitigation of offers for any RPM Auction for a Delivery Year, a Generation Capacity Resource shall cease to be considered a Planned Generation Capacity Resource as of the earlier of (i) the date that Interconnection Service commences as to such resource; or (ii) the resource has cleared an RPM Auction for any Delivery Year, in which case it shall become an Existing Generation Capacity Resource for any RPM Auction for all subsequent Delivery Years.
Existing Generation Capacity Resource shall mean, for purposes of the must-offer requirement and mitigation of offers for any RPM Auction for a Delivery Year, a Generation Capacity Resource that, as of the date on which bidding commences for such auction: (a) is in service; or (b) is not yet in service, but has cleared any RPM Auction for any prior Delivery Year.
A Generation Capacity Resource may be an Existing Generation Capacity Resource or a Planned Generation Capacity Resource.
The additional megawatts of a Generation Capacity Resource that is being, or has been, modified to increase the number of megawatts of available installed capacity thereof shall not be deemed to be an Existing Generation Capacity Resource until such time as those megawatts (a) are in service; or (b) are not yet in service, but have cleared any RPM Auction for any prior Delivery Year.
Such resources are Existing Generation Capacity Resources in the auctions for any Delivery Year following the Delivery Year for which such resource cleared an RPM Auction.
This Agreement is intended to ensure that adequate Capacity Resources, including planned and Existing Generation Capacity Resources, planned and existing Demand Resources, and Energy Efficiency Resources will be planned and made available to provide reliable service to loads within the PJM Region, to assist other Parties during Emergencies and to coordinate planning of such resources consistent with the Reliability Principles and Standards.
At that time, an 48 Refer to the BCUC’s Report and Recommendations from An Inquiry Into a Heritage Contract for BC Hydro’s Existing Generation Resources and Regarding Stepped Rates and Transmission Access, and in particular, to pages 18 to 20 and 34 to 37 and Appendix I (▇▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇/Documents/Decisions/2003Dec/Heritage%20LGIC%20Rpt-Recommend.pdf).
Any such resource shall cease to be considered a Planned External Generation Capacity Resource as of the earlier of (i) the date that interconnection service commences as to such resource; or (ii) the resource has cleared an RPM Auction, in which case it shall become an Existing Generation Capacity Resource for purposes of the mitigation of offers for any RPM Auction for all subsequent Delivery Years.
Resources constituting Existing Generation may be extended or replaced from time to time; provided, that the aggregate capacity of Existing Generation shall not exceed the nominal amount set forth in Appendix C.