Variable O&M Component definition

Variable O&M Component. The meaning ascribed thereto in Schedule 1.
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Variable O&M Component. Shall have the meaning set forth in Section 5.1(F)(2) (Variable O&M Component).
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Variable O&M Component means, in any Month, any expenses reasonably incurred by Seller in the operation and maintenance of the Facility in such Month (to the extent not included in the 36 42 Fixed O&M Charge or in the Fuel Component) that vary based upon the operation of the Facility, including boiler feed water consumed (calculated based on boiler feed water input less Steam delivered to the Existing Facility), parts, expendables, maintenance items and labor, chemicals, catalyst, Taxes and similar charges as set forth in Exhibit G. In calculating the Variable O&M Component, any Variable O&M Costs Chargeable to Power Augmentation and any Variable O&M Costs Chargeable to Third Party Sales described in (a) of the definition thereof shall be deducted. In no event shall Buyer be liable for any cost of financing the purchase of items or services that Buyer is otherwise liable to reimburse Seller for as part of the Variable O&M Component. To the extent reasonable and prudent, the costs incurred on behalf of the Facility will recognize the incremental economies of scale and efficiencies (if any) made possible by virtue of the location of the Facility adjacent to the Existing Plant, however, Seller in no fashion guarantees nor warrants to Buyer that any such economies of scale or efficiencies will in fact be realized. If and to the extent that the construction, operation or maintenance of the Facility pursuant to this Agreement causes the Existing Plant to incur costs (other than costs related to the production and utilization of steam, including Steam, by the Existing Plant) that would not have been incurred but for the construction, operation or maintenance of the Facility and either (i) Seller is not specifically reimbursed
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Examples of Variable O&M Component in a sentence

  • To the extent that an estimate is provided and used for purposes of determining the Fuel Component, Variable O&M Component, Back-up Energy Component or any other charge, Seller shall provide Buyer a statement of the actual amount of such charge as soon as 120 126 available to Seller, and Seller shall make the appropriate adjustment in the following Month's invoice.

  • If Multitrade sells steam to any such other customers, Multitrade shall, for the applicable period, prorate the Fixed Capacity Component payment for all customers and shall, if necessary, adjust the Variable O&M Component cost hereunder so that such charge to DuPont is no less favorable than the comparable charge payable by another such customer.

  • Increases and decreases in the Fuel Component incurred by Company pursuant to this Agreement may be included in Company’s Energy Cost Adjustment Clause during the Term of the Agreement; and If approved by the PUC, the costs incurred as a result of the Capacity Charge and the Variable O&M Component may be included in the Purchased Power Adjustment Clause to the extent such costs are not included in base rates.

  • The Facility’s Variable O&M Component shall consist of the per kWh Variable Component of $0.0099/kWh as of January 1, 2017, adjusted each year on January 1, starting in 2018, at one-hundred percent (100%) of the change in GDPIPD but shall not exceed 4% increase in any given term year, using the adjustment methodology set forth in Attachment I (Adjustment of Charges).

  • The effective date of an interim or final order (whichever is first) of the Public Utilities Commission in a HECO general rate case using a 2005 calendar year test year that includes in HECO’s base electric rates the additional purchased power costs (including the Capacity Charge for the Increment One Capacity and the Variable O&M Component of the Energy Charge) incurred by HECO pursuant to the Increment One Capacity Agreement.

  • During such extension period, the Seller shall be paid only the [Fixed O&M Component and the Variable O&M Component] of the Energy Price for the Net Delivered Energy as stated in the [Reference Tariff Table] and adjusted in accordance with the provisions of Schedule 1.

  • During such extended period, the Seller shall only be paid the Fixed O&M Local Component, the Insurance Component,the Variable O&M Component and Fuel Cost Component of the applicable Energy Price for the Monthly Energy.

  • If Seller from time to time does not know the actual amount of the Fuel Component, Back-up Energy Component, Variable O&M Component or any other charge due for a particular Month when Seller prepares an invoice pursuant to this Section 9.1, Seller may estimate such cost using all available data.

  • Multitrade shall compensate DuPont (through offset against the Variable O&M Component payment payable by DuPont hereunder for the applicable period) for its out of pocket costs for water, gas and electricity used to serve non-DuPont customers as reasonably estimated by DuPont and notified in writing to Multitrade.


More Definitions of Variable O&M Component

Variable O&M Component means:
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Variable O&M Component. The sum of the Variable O&M Foreign Component and Variable O&M Local Component.
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Variable O&M Component. The meaning ascribed thereto in Schedule 1. “Unit Start-Up Charge” – The meaning ascribed thereto in Schedule 1.
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Variable O&M Component. Shall have the meaning set forth in Attachment J (Energy Charge and Capacity Charge Payment Formulas) (Energy Charge).
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Related to Variable O&M Component

  • Class C Component The Component having such designation.

  • Class A-S Component The Component having such designation.

  • Class D Component The Component having such designation.

  • Principal Component The principal payment plus any interest payments that are either due after the date specified in, or are specified as ineligible for stripping in, the applicable Supplemental Agreement.

  • Interest Component means, at any time of determination for any Conduit Investor, the aggregate Yield accrued and to accrue through the end of the current Rate Period for the Portion of Investment accruing Yield calculated by reference to the CP Rate at such time (determined for such purpose using the CP Rate most recently determined by its Administrator).