Interconnection Cost Adjustment. (a) The Seller shall make commercially reasonable efforts to cause Net Interconnection Net Savings to occur, including but not limited to changing its Injection Point where appropriate.
Interconnection Cost Adjustment. The Seller shall make commercially reasonable efforts to cause Interconnection Net Savings to occur, including but not limited to changing its Injection Point where appropriate. On or before the date that is 90 days prior to the commencement of the Contract Delivery Term, Seller shall make available or cause to be made available to NYSERDA all books and records reasonably necessary for NYSERDA to quantify the Interconnection Cost Allocation. To the extent Interconnection Net Savings exist, the Index OREC Strike Price or Fixed OREC Price will be reduced by the Interconnection Price Reduction, calculated as follows: where: NYSERDA Interconnection Savings Share = the greater of (i) 80% of the Interconnection Net Savings and (ii) Interconnection Net Savings minus $50,000,000. RF = Recovery Factor of [0.0870 for projects with a 20-year term / 0.0781 for projects with a 25-year term]. [For projects with interconnection cost sharing: To the extent Interconnection Shareable Costs exist, the Index OREC Strike Price or Fixed OREC Price will be increased by the Interconnection Price Increase, calculated as follows: where: NYSERDA Interconnection Cost Share = The NYSERDA share of Interconnection Shareable Costs according to the following schedule: [Insert cost sharing schedule in accordance with Proposal. In no case shall the NYSERDA Interconnection Cost Share be greater than 80%.] RF = Recovery Factor of [0.0870 for projects with a 20-year term / 0.0781 for projects with a 25-year term]. For any incremental costs incurred as a result of matters within the reasonable control of the Selected Project, including but not limited to (x) a change in Injection Point or (y) increases in the amount of requested interconnection capacity (“Interconnection Elective Project Costs”) to be counted as Interconnection Shareable Costs, the Project must first request approval from NYSERDA. NYSERDA will approve the request if NYSERDA concludes, in its sole discretion, that the incurrence of such Interconnection Elective Project Costs would provide net benefits to ratepayers either through (i) increased energy deliverability at appropriate cost, (ii) net savings on a system-wide basis, or otherwise.]
