NQC Reduction definition
Examples of NQC Reduction in a sentence
Provider shall give Notice to CPE of any such NQC Reduction no later than fifteen (15) Business Days before the relevant deadlines under the CAISO Tariff and the CPUC Filing Guide for the corresponding Compliance Showing, which Notice shall set forth the Showing Quantity for each Showing Year and Showing Month affected by such NQC Reduction.
Provider shall give Notice to CPE of any such NQC Reduction no later than fifteen (15) Business Days before the relevant deadlines under the CAISO Tariff for the corresponding Compliance Showing, which Notice shall set forth the Showing Quantity for each Showing Year and Showing Month affected by such NQC Reduction.
If the CPUC or the CAISO reduces the Net Qualifying Capacity of the Project (“NQC Reduction”) for any Showing Year or Showing Month, then Provider has the option to reduce the Showing Quantity by the amount of the NQC Reduction for the affected Showing year or Showing Month.
If the CPUC or the CAISO reduces the Net Qualifying Capacity of the Project (“NQC Reduction”) for any Showing Year or Showing Month based on a change in the methodology for capacity counting rules in the Qualifying Capacity Methodology Manual or the CAISO Tariff, then Provider has the option to reduce the Showing Quantity by the amount of the NQC Reduction for the affected Showing Year or Showing Month.