CONSERVATION AND RENEWABLES DISCOUNT Sample Clauses

CONSERVATION AND RENEWABLES DISCOUNT. The rates contained in BPA’s May Proposal include a Conservation and Renewables Discount (C&R Discount). The C&R Discount is designed to encourage the development of conservation and renewable energy resources. Section 10 of the Agreement addresses how the C&R Discount will apply to the cash benefits provided to Puget. Subject to the terms specified in BPA’s applicable Wholesale Power Rate Schedules, including GRSPs, BPA will pay Puget an amount equal to the C&R Discount for 368 aMW for each Contract Year during the October 1, 2001, through September 30, 2006, period, unless Puget has notified BPA’s Power Business Line (PBL) before August 1, 2001, that it will not participate in the C&R Discount. This is to ensure that Puget’s residential and small farm consumers will retain the benefits they would have received if Puget had provided power benefits instead of cash benefits. Where Puget is willing to assist BPA’s rate mitigation efforts by receiving cash benefits instead of power, Puget should not be penalized for such actions. To retain the full amount of the C&R Discount, Puget must satisfy all obligations associated with the C&R Discount as specified in BPA’s applicable Wholesale Power Rate Schedules, including GRSPs, and the C&R Discount implementation manual. Puget will reimburse BPA for any amount it received but for which it did not satisfy such obligations.
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