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 8 of the Agreement addresses how the C&R Discount will apply to the cash benefits provided to PacifiCorp. Subject to the terms specified in BPA’s applicable Wholesale Power Rate Schedules, including GRSPs, BPA will pay PacifiCorp an amount equal to the C&R Discount for 251 aMW for each Contract Year during the October 1, 2001, through September 30, 2006, period, unless PacifiCorp 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 PacifiCorp’s residential and small farm consumers will retain the benefits they would have received if PacifiCorp had provided power benefits instead of cash benefits. Where PacifiCorp is willing to assist BPA’s rate mitigation efforts by receiving cash benefits instead of power, PacifiCorp should not be penalized for such actions. To retain the full amount of the C&R Discount, PacifiCorp 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. PacifiCorp will reimburse BPA for any amount it received but for which it did not satisfy such obligations.