BPA’S RIGHT TO TERMINATE TRANSFER OF RECS AND CARBON CREDITS Sample Clauses

BPA’S RIGHT TO TERMINATE TRANSFER OF RECS AND CARBON CREDITS. To the extent necessary to comply with any federal regulation or legislation which addresses Carbon Credits or any other form of Environmental Attribute(s) and includes compliance costs applicable to BPA, BPA may, upon reasonable notice to any IOU, terminate such IOU’s contract rights to Transferable RECs under section 2 of this exhibit and such IOU’s share of Carbon Credits under section 6 of this exhibit in whole or in part. EXHIBIT D ILLUSTRATIVE TABLE FOR SECTION 6 HYPOTHETICAL EXAMPLE OF CALCULATION OF UTILITY-SPECIFIC REP SETTLEMENT BENEFIT AMOUNTS Amounts Are Shown For Illustrative Purposes Only FY 2012 Participating IOU ASC (§ 2) Reference Rate (§6.1.1) IOU's Residential Loads (§ 2) IOU-Specific Unconstrained Amount (§6.1.1) Constrained Total Benefit Ratio (§6.1.1) IOU-Specific REP Settlement Benefit Amount Before Any §6.2 Settlement Adjustment IOU Settlement Adjustment (§6.2) IOU-Specific REP Settlement Benefit Amount a b c d e=(b-c)*d f=REP Sett. Ben./Σe g=e*f h (from table below) i=g+h Avista $58.84 $43.65 3,893,255 $59,152,579 22.32% $13,200,277 ($1,812,537) $11,387,740 Idaho Power $49.43 $43.65 5,154,780 $29,813,202 22.32% $6,653,007 ($3,326,503) $3,326,503 NorthWestern Energy $56.91 $43.65 633,014 $8,396,044 22.32% $1,873,631 $984,390 $2,858,021 PacifiCorp $60.27 $43.65 9,451,130 $157,111,841 22.32% $35,060,514 ($7,932,035) $27,128,479 Portland General $71.49 $43.65 8,734,886 $243,210,703 22.32% $54,274,027 $4,011,046 $58,285,073 PSE $70.14 $43.65 12,015,550 $318,335,219 22.32% $71,038,544 $8,075,640 $79,114,184 Total IOU $64.11 $43.65 39,882,616 $816,019,586 22.32% $182,100,000 $0 $182,100,000 REP Settlement Benefits = $182,100,000 Amounts Are Shown For Illustrative Purposes Only REP-12-E-BPA-11 11PB-12322 1 of 2 EXHIBIT D ILLUSTRATIVE TABLE FOR SECTION 6 (continued) HYPOTHETICAL EXAMPLE OF CALCULATION OF UTILITY-SPECIFIC REP SETTLEMENT BENEFIT AMOUNTS Amounts Are Shown For Illustrative Purposes Only FY 2012 IOU Settlement Adjustments (§§6.2.1,6.2.2 & 6.2.4) Participating IOU Maximum IOU Annual Adj. Amount (§6.2.3) (for Northwestern Energy, amount of §6.2.4 Adjustment) Avista Idaho Power NorthWestern PacifiCorp PGE IOU Settlement Adjustment (§§ 6.2.1, 6.2.2 & 6.2.4) Avista ($2,004,778) $0 $250,496 ($58,254) $0 $0 ($1,812,537) Idaho Power ($3,326,503) $0 $0 $0 $0 $0 ($3,326,503) NorthWestern Energy $766,000 $29,533 $32,682 $0 $124,372 $31,802 $984,390 PacifiCorp ($8,442,636) $0 $665,327 ($154,726) $0 $0 ($7,932,035) Portland General ($1,237,5...
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Related to BPA’S RIGHT TO TERMINATE TRANSFER OF RECS AND CARBON CREDITS

  • Contractor’s Right to Terminate for Cause Contractor may terminate this Contract immediately upon written notice to Agency, or at such later date as Contractor may establish in such notice, if Agency is in default under Section 14.4.

  • Our Right to Terminate We may terminate this Client Agreement and close your Account and any Position at any time by giving you thirty (30) days’ written notice. This right is in addition to any other rights to terminate this Client Agreement or close your Account that we may have under this Client Agreement.

  • City’s Right to Terminate for Default Contractor’s failure to satisfactorily perform any obligation required by this Contract constitutes a default. Examples of default include a determination by City that Contractor has: (1) failed to deliver goods and/or perform the services of the required quality or within the time specified; (2) failed to perform any of the obligations of this Contract; and (3) failed to make sufficient progress in performance which may jeopardize full performance.

  • City’s Right to Terminate for Convenience City may, at its sole option and for its convenience, terminate all or any portion of this Contract by giving thirty (30) days’ written notice of such termination to Contractor. The termination of the Contract shall be effective upon receipt of the notice by Contractor. After termination of all or any portion of the Contract, Contractor shall: (1) immediately discontinue all affected performance (unless the notice directs otherwise); and (2) complete any and all additional work necessary for the orderly filing of documents and closing of Contractor's affected performance under the Contract. After filing of documents and completion of performance, Contractor shall deliver to City all data, drawings, specifications, reports, estimates, summaries, and such other information and materials created or received by Contractor in performing this Contract, whether completed or in process. By accepting payment for completion, filing, and delivering documents as called for in this section, Contractor discharges City of all of City’s payment obligations and liabilities under this Contract with regard to the affected performance.

  • Right to Terminate Sale In the event that the property as stated in the Proclamation of Sale is not the property as described under the security documents executed by the Assignor/Borrower or otherwise different from such property as assigned to the Assignee/Bank by the Assignor/Borrower, the Assignee/Bank shall be entitled to terminate the sale and the bidding deposit paid shall be refunded to the Successful Purchaser(s). The Successful Purchaser(s) shall have no claims whatsoever against the Assignee/Bank, their Solicitors or the Auctioneer or any compensation in respect thereof.

  • Effect of Breach and Right to Terminate Lease A breach of this Lease Addendum shall give each party all the rights contained herein, as well as the rights in the Lease. A material breach of this Addendum shall be a material breach of the lease and grounds for immediate termination of the Lease by the Landlord.

  • Right to Terminate Agreement 21.1 If either Party (the “Breaching Party”) (a) fails to pay any amount when due under the terms of this Agreement or fails to comply with or perform, in any material respect, any of the other terms or conditions of this Agreement; (b) sells or transfers all or substantially all of its assets; (c) enters into any voluntary or involuntary bankruptcy proceeding or receivership; or (d) makes a general assignment for the benefit of its creditors, then the other Party (the “Non-Breaching Party”) shall have the right, without prejudice to any other right or remedy and after giving five (5) Days’ written prior notice to the Breaching Party and a reasonable opportunity for cure (not to exceed thirty (30) Days in the case of a failure to pay amounts when due), to terminate this Agreement, subject to Sections 21.3 and 21.4 of this Agreement. Subject to compliance with Section 22.1 of this Agreement, if applicable, the Non-Breaching Party shall also have the right to pursue any and all rights it may have against the Breaching Party under applicable law, subject to other applicable terms and conditions of this Agreement (including, without limitation, any applicable limitations on liability contained herein).

  • OWNER’S RIGHT TO PERFORM CONSTRUCTION AND TO AWARD SEPARATE CONTRACTS § 7.4.1 The Owner reserves the right to perform construction or operations related to the Project with the Owner’s own forces, and to award separate contracts in connection with other portions of the Project.

  • Your Right to Terminate You may also terminate this Client Agreement or close your Account at any time by giving us written notice. Your Account will be closed as soon as reasonably practicable after we have received notice, all open Contracts are closed, Orders are cancelled, and all of your obligations are discharged.

  • Right to Terminate Either Party may unilaterally terminate this Annex by providing thirty (30) calendar days written notice to the other Party.

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