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October 22, 2012, For Submission to ICC UNIT CONTINGENT POWER PURCHASE AGREEMENT Between FUTURE INDUSTRIAL ALLIANCE, INC. and BUYER DATE FOR SUBMISSION TO ILLINOIS COMMERCE COMMISSION INCLUSION IN

How to fill out unit contingent power purchase

How to fill out unit contingent power purchase

1. To fill out a unit contingent power purchase, follow the steps below:
2. Start by identifying the unit for which you want to make a power purchase.
3. Determine the contingency scenario under which the unit will be required to purchase power.
4. Gather all the relevant information about the unit, including its capacity, load profile, and operational characteristics.
5. Assess the expected power demand during the contingency scenario and determine the power shortfall that needs to be covered.
6. Contact potential power suppliers and negotiate a power purchase agreement that meets your requirements.
7. Clearly define the terms and conditions of the power purchase in the agreement, including the duration, pricing, delivery obligations, and any penalties for non-compliance.
8. Review and finalize the agreement, ensuring that all parties involved understand and accept the terms.
9. Execute the power purchase agreement by signing it with the supplier.
10. Periodically review the power purchase agreement to ensure its continued effectiveness and make any necessary revisions if the unit's requirements change.
11. Keep records of all the power purchase transactions and monitor the performance of the suppliers to ensure compliance with the agreement.

Who needs unit contingent power purchase?

1. Unit contingent power purchase is typically needed by industrial facilities, power plants, or entities that rely on a specific unit for their operations and cannot afford any disruption in power supply during contingency scenarios.
2. Examples of entities that may require unit contingent power purchase include manufacturing plants, data centers, hospitals, and critical infrastructure facilities.
3. These entities depend on a continuous and reliable power supply to maintain their operations and mitigate risks associated with power outages or equipment failures.
4. By having a unit contingent power purchase arrangement in place, they ensure that power is available from an external source whenever their primary power unit encounters an unforeseen issue or fails to meet the demand.
5. This arrangement provides them with a backup option to cover any power shortfall and helps maintain uninterrupted operations.

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What is unit contingent power purchase?

Unit contingent power purchase refers to a power purchasing agreement where electricity is supplied based on the availability of a specific power generation unit. The purchase is contingent upon the actual production of power from that unit.

Who is required to file unit contingent power purchase?

Entities that enter into unit contingent power purchase agreements are required to file relevant documentation. This typically includes utilities and independent power producers involved in energy transactions.

How to fill out unit contingent power purchase?

To fill out a unit contingent power purchase form, one must provide details such as the identification of the purchasing entity, the power generation unit, the terms of purchase, and any contingencies related to the delivery of power.

What is the purpose of unit contingent power purchase?

The purpose of unit contingent power purchase is to secure electricity supply based on the actual availability of specific generation units, minimizing the risk of non-delivery and ensuring that both parties are clear about the terms of electricity provision.

What information must be reported on unit contingent power purchase?

The information that must be reported typically includes the names of the parties involved, details of the power generation units, contract terms, agreed pricing structure, and any conditions that affect the delivery of power.