Common use of Delivery of RECs Clause in Contracts

Delivery of RECs. Payment by the EDC for RECs creates a firm obligation on the part of the Customer to Deliver RECs associated with the Delivered energy at the time that they are produced in the NEPOOL GIS. 7.2.1 It is the Customer’s responsibility to operate the NRES Project in such a way as to ensure that the NRES Project meets the qualifications requirements of a Connecticut Class I Renewable Energy Source throughout the entire Term and the Customer is responsible to provide the EDC with any and all required information to ensure such qualification. For Reference 7.2.2 Customer shall Deliver energy associated with the Facility, and Customer shall not sell, divert, grant, transfer or assign such energy or RECs to any person other than the EDC during the Term unless otherwise specifically provided herein. Customer shall not enter into any agreement or arrangement under which any person other than the EDC can claim such energy or RECs except as otherwise specifically provided herein. The EDC shall have the exclusive title and rights to all Energy, capacity, and RECs, and the right to resell or convey Energy, capacity, and RECs in its sole discretion.

Appears in 2 contracts

Samples: Tariff Agreement, Terms and Conditions

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Delivery of RECs. Payment by the EDC for RECs creates a firm obligation on the part of the Customer to Deliver RECs associated with the Delivered energy at the time that they are produced in the NEPOOL GIS. 7.2.1 It is the Customer’s responsibility to operate the NRES Project in such a way as to ensure that the NRES Project meets the qualifications requirements of a Connecticut CT Class I Renewable Energy Source throughout the entire Term and the Customer is responsible to provide the EDC with any and all required information to ensure such qualification. For Reference. 7.2.2 Customer shall Deliver energy associated with the Facility, and Customer shall not sell, divert, grant, transfer or assign such energy or RECs to any person other than the EDC during the Term unless otherwise specifically provided herein. Customer shall not enter into any agreement or arrangement under which any person other than the EDC can claim such energy or RECs except as otherwise specifically provided herein. The EDC shall have the exclusive title and rights to all Energy, capacity, and RECs, and the right to resell or convey Energy, capacity, and RECs in its sole discretion.. For Reference

Appears in 1 contract

Samples: Tariff Agreement

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Delivery of RECs. Payment by the EDC for RECs creates a firm obligation on the part of the Customer to Deliver RECs associated with the Delivered energy at the time that they are produced in the NEPOOL GIS. 7.2.1 It is the Customer’s responsibility to operate the NRES Project in such a way as to ensure that the NRES Project meets the qualifications requirements of a Connecticut CT Class I Renewable Energy Source throughout the entire Term and the Customer is responsible to provide the EDC with any and all required information to ensure such qualification. For Reference. 7.2.2 Customer shall Deliver energy associated with the Facility, and Customer shall not sell, divert, grant, transfer or assign such energy or RECs to any person other than the EDC during the Term unless otherwise specifically provided herein. Customer shall not enter into any agreement or arrangement under which any person other than the EDC can claim such energy or RECs except as otherwise specifically provided herein. The EDC shall have the REFERENCE exclusive title and rights to all Energy, capacity, and RECs, and the right to resell or convey Energy, capacity, and RECs in its sole discretion.. FOR ONLY

Appears in 1 contract

Samples: Tariff Agreement

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