Additional Provisions Related to Community Renewable Energy Generation Projects. If the Designated System is a Community Renewable Energy Generation Project, the following shall apply:
(a) the Contract Price for purposes of the first REC payment shall be further adjusted to reflect any Price Adders that may be applicable to the Community Solar Subscription Mix at the time of Energization of such Designated System. Subsequent to Energization, the quantity of RECs as well as the Contract Price used for purposes of the REC payment shall be subject to four (4) additional payment adjustments based on the information in the Community Solar Quarterly Report submitted by Seller to the IPA pursuant to Section 6.2 for each of the first four (4) full Quarterly Periods7 after Energization. For purposes of the quarterly payment adjustment, the Contract Price used for purposes of calculating REC payments shall be based on the greater of: (a) the Community Solar Subscription Mix on the last day of the preceding Quarterly Period and (b) the simple average of the fifteen (15) highest daily values observed in the preceding Quarterly Period for the Community Solar Subscription Mix as reported in the Community Solar Quarterly Report submitted by Seller to the IPA. Notwithstanding the payment adjustments described in the foregoing and for avoidance of doubt, if there is no change in the values calculated for the Contract Nameplate Capacity, Contract Capacity Factor and Contract Price between a given period and the subsequent period, then there shall be no payment adjustments pursuant to this Section 2.6(a).
(b) the quantity of RECs used for purposes of the first REC payment shall be based on the percent of Actual Nameplate Capacity that has been Subscribed at the time of Energization8 of such Designated System, and which shall be subject to four (4) additional adjustments based on the information in the Community Solar Quarterly Report submitted by Seller to the IPA pursuant to Section 6.2 for each of the first four (4) full Quarterly Periods after Energization; and provided that if the Community Solar Subscription Mix is less than fifty percent (50%), the quantity of RECs used for purposes of calculating 7 For avoidance of doubt, the Quarterly Periods shall correspond to the Quarterly Periods associated with the Quarterly Payment Cycle assigned to the Designated System. 8 For avoidance of doubt, this information is submitted by Seller to the IPA as part of its ABP Part II Application requesting Energization. REC payments shall be zero (0). In the event th...
Additional Provisions Related to Community Renewable Energy Generation Projects. If the Designated System is a Community Renewable Energy Generation Project, the following shall apply:
Additional Provisions Related to Community Renewable Energy Generation Projects. (a) If the Designated System is a Community Renewable Energy Generation Project, the following shall apply:
(i) the Contract Price for purposes of the first REC payment shall be further adjusted to reflect any Price Adders that may be applicable to the Community Solar Subscription Mix at the time of Energization of such Designated System. 2324 Subsequent to Energization, the quantity of RECs as well as the Contract Price used for purposes of the REC payment shall be subject to four (4) additional payment adjustments based on the information in the Community Solar Quarterly Report submitted by Seller to the IPA pursuant to Section
Additional Provisions Related to Community Renewable Energy Generation Projects. (a) If the Designated System is a Community Renewable Energy Generation Project, the following shall apply: In fact, the Joint Solar Parties believe this change does such a good job of reducing Approved Vendor risk without harming consumers that the Joint Solar Parties recommend that the IPA offer parallel language as an optional standard amendment to existing REC Contracts. Section 9.5(c) of Attachment J (which in relevant part is not modified by the Cover Sheet) allows for amendments in writing if signed by both parties. While IPA could draft such an amendment and the utility counterparties could voluntarily agree to sign it (when requested by the Approved Vendor), the Joint Solar Parties would work with the IPA (and, potentially, the utilities) to request a Commission order to direct the utilities to sign such a standard amendment if presented should the utilities believe further Commission authorization is needed.
(i) the Contract Price for purposes of the first REC payment shall be further adjusted to reflect any Price Adders that may be applicable to the Community Solar Subscription Mix at the time of Energization of such Designated System. 2324 Subsequent to Energization, the quantity of RECs as well as the Contract Price used for purposes of the REC payment shall be subject to four (4) additional payment adjustments based on the information in the Community Solar Quarterly Report submitted by Seller to the IPA pursuant to Section
Additional Provisions Related to Community Renewable Energy Generation Projects. If the Designated System is a Community Renewable Energy Generation Project, the following shall apply:
(a) the Contract Price shall include any Price Adders that may be applicable to the realized Community Solar Subscription Mix and the Contract Price shall be set consistent with Section 1.22 and shall be fixed throughout the Delivery Term without further adjustments.16
(b) with respect to a Delivery Year, the quantity of RECs eligible for payment shall be based on the greater of (i) the percent of Actual Nameplate Capacity that has been Subscribed as observed on the first Business Day of June and (ii) the percent of Actual Nameplate Capacity that has been Subscribed as observed on the first Business Day of December of such Delivery Year subject to the payment provisions of Section 5.2.17 For purposes of the foregoing calculation with respect to the first Delivery Year, the quantity of RECs eligible for payment shall be based on the greater of: (i) the percent of Actual Nameplate Capacity that has been Subscribed as observed at Energization, as indicated in Schedule B to the Product Order; or (ii) the percent of Actual Nameplate Capacity that has been Subscribed as observed on the first Business Day of December of such Delivery Year, if available, subject to the payment provisions of Section
