CESCP

AcronymDefinition
CESCPCalpine Energy Services Canada Partnership
References in periodicals archive ?
CESCP did not make its December 2005 toll payment by January 16 as required by the tolling agreement.
CESCP was the counterparty to a tolling agreement with the Partnership whereby the Calgary Energy Centre earned revenue through monthly payments from CESCP in exchange for providing the full operating capacity of the plant (the "Tolling Agreement").
Post-filing tolling revenue related to December 21st to January 16th, the date at which CESCP repudiated the contract, was received on February 15, 2006.
The Calgary Energy Centre Limited Partnership ("CECLP") and Calpine Energy Services Canada Partnership ("CESCP") entered into a tolling agreement whereby the Calgary Energy Centre earns revenue through monthly payments, composed of both a fixed and variable portion, received from CESCP in exchange for providing the full operating capacity of the plant.
This cash deposit and associated interest was due to CESCP at March 31, 2003 when the Calgary Energy Facility declared its Commercial Operations Date ("COD").
Credit Risk The Fund is exposed to credit related losses in the event of non-performance by counterparties, including CESCP.
On August 29, 2002, CECLP and CESCP entered into the Calgary Energy Tolling Agreement which governs the sale of electricity from the Calgary Energy Facility and under which a payment of $27,762,000 was made to CESCP.
Electricity sales pursuant to the Calgary Energy Tolling Agreement with CESCP accounted for 52% of total revenue for the year ended December 31, 2004 (2003 - 42%).
CECLP and CESCP entered into a tolling agreement whereby the Calgary Energy Centre earns revenue through monthly payments, composed of both a fixed and variable portion, received from CESCP in exchange for providing the full operating capacity of the plant.
Electricity sales pursuant to the Calgary Energy Tolling Agreement with CESCP accounted for 42% of total revenue for the year ended December 31, 2003.
CESCP is entitled, under the contract, to dispatch the plant on and off allowing CESCP to focus on generating power when it is profitable to do so.
The Calgary Energy Tolling Agreement is a 20-year contract, similar in terms to the Island Electricity Purchase Agreement and under which CESCP is required to deliver all fuel required to operate the Facility and is, in turn, obligated to pay for all electricity generated or deemed to have been made available.