Common use of Interconnection Cost Adjustment Clause in Contracts

Interconnection Cost Adjustment. The Seller shall make commercially reasonable efforts to cause Interconnection Net Savings to occur, including but not limited to changing its Delivery Point where appropriate. On or before the date that is ninety (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 will be reduced by the Interconnection Price Reduction, calculated as follows: Interconnection Price Reduction = NYSERDA Interconnection Savings Share ($) × RF P50 Annual OREC Exceedance 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 0.0985 for projects with a 20-year term; 0.0901 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 = 50% (of additional costs specifically related to the Project’s interconnection agreement above the Cost Sharing Threshold.) RF = Recovery Factor of 0.0985 for projects with a 20-year term / 0.0901 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.] .

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 Delivery Injection Point where appropriate. . (b) On or before the date that is ninety (90) 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. . (c) To the extent Net Interconnection Net Savings exist, the Index OREC Strike Price or Fixed OREC Price will be reduced by the Interconnection Price Reduction, calculated as follows: Interconnection Price Reduction = NYSERDA Interconnection Savings Share ($) )× RF P50 Annual OREC Exceedance where: NYSERDA Interconnection Savings Share = the greater of (i) 80% of the Interconnection Net Savings and (ii) Interconnection Net Savings minus $50,000,000. RF = Recovery Factor of 0.0985 [0.0870 for projects with a 20-year term; 0.0901 term / 0.0781 for projects with a 25-year term]. . (d) [For projects with interconnection cost sharing: To the extent Interconnection Shareable Costs exist, the Index OREC Strike Price or Fixed OREC Price will be increased by the Interconnection Price Increase, calculated as follows: where: Interconnection Price Increase = NYSERDA Interconnection Cost Share ($)× RF P50 Annual OREC Exceedance NYSERDA Interconnection Cost Share = 50% (The NYSERDA share of additional costs specifically related Interconnection Shareable Costs according to the Project’s interconnection agreement above following schedule: [Insert cost sharing schedule in accordance with Proposal. In no case shall the NYSERDA Interconnection Cost Sharing ThresholdShare be greater than 80%.) ] RF = Recovery Factor of 0.0985 [0.0870 for projects with a 20-year term / 0.0901 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.] [Section 5.05. For projects with energy storage: Reduction in Price for Undelivered or Ineligible Energy Storage. The amount by which the Index OREC Strike Price or Fixed OREC Price, as applicable, shall be reduced as a consequence of Seller’s failure to construct the Energy Storage Component as proposed in the Proposal. The Energy Storage Component Price Reduction Amount shall be $ /MWh. For projects that include an Energy Storage Component, should the Energy Storage Component (i) not reach Commercial Operation at the full Bid Storage Capacity (MWh) on or before the Commercial Operation Milestone Date or (ii) at any time become Ineligible Energy Storage, NYSERDA may, upon Notice to Seller, reduce the Index OREC Strike Price or Fixed OREC Price, as applicable, by the Energy Storage Component Price Reduction Amount.]. In such event, the Index OREC Strike Price or Fixed OREC Price would be increased by the Energy Storage Component Price Reduction Amount if and when the Energy Storage Component reaches Commercial Operation at the full Bid Storage Capacity and is not Ineligible Energy Storage.

Interconnection Cost Adjustment. The Seller shall make commercially reasonable efforts to cause Net Interconnection Net Savings to occur, including but not limited to changing its Delivery Injection Point where appropriate. On or before the date that is ninety (90) 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 Net Interconnection Net Savings exist, the Index OREC Strike Price or Fixed OREC Price will be reduced by the Interconnection Price Reduction, calculated as follows: Interconnection Price Reduction = NYSERDA Interconnection Savings Share ($) × RF P50 Annual OREC Exceedance 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 0.0985 [0.0870 for projects with a 20-year term; 0.0901 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 = 50% (The NYSERDA share of additional costs specifically related Interconnection Shareable Costs according to the Project’s interconnection agreement above following schedule: [Insert cost sharing schedule in accordance with Proposal. In no case shall the NYSERDA Interconnection Cost Sharing ThresholdShare be greater than 80%.) ] RF = Recovery Factor of 0.0985 [0.0870 for projects with a 20-year term / 0.0901 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.] .]

Interconnection Cost Adjustment. The Seller shall make commercially reasonable efforts to cause Interconnection Net Savings to occur, including but not limited to changing its Delivery Injection Point where appropriate. On or before the date that is ninety (90) 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: Interconnection Price Reduction = NYSERDA Interconnection Savings Share ($) × RF P50 Annual OREC Exceedance 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 0.0985 [0.0870 for projects with a 20-year term; 0.0901 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 = 50% (The NYSERDA share of additional costs specifically related Interconnection Shareable Costs according to the Project’s interconnection agreement above following schedule: [Insert cost sharing schedule in accordance with Proposal. In no case shall the NYSERDA Interconnection Cost Sharing ThresholdShare be greater than 80%.) ] RF = Recovery Factor of 0.0985 [0.0870 for projects with a 20-year term / 0.0901 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.] .]

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 Delivery Injection Point where appropriate. . (b) On or before the date that is ninety (90) 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. . (c) To the extent Net Interconnection Net Savings exist, the Index OREC Strike Price or Fixed OREC Price will be reduced by the Interconnection Price Reduction, calculated as follows: Interconnection Price Reduction = NYSERDA Interconnection Savings Share ($) × RF P50 Annual OREC Exceedance where: NYSERDA Interconnection Savings Share = the greater of (i) 80% of the Interconnection Net Savings and (ii) Interconnection Net Savings minus $50,000,000. RF = Recovery Factor of 0.0985 [0.0870 for projects with a 20-year term; 0.0901 term / 0.0781 for projects with a 25-year term]. . (d) [For projects with interconnection cost sharing: To the extent Interconnection Shareable Costs exist, the Index OREC Strike Price or Fixed OREC Price will be increased by the Interconnection Price Increase, calculated as follows: where: Interconnection Price Increase = NYSERDA Interconnection Cost Share ($) × RF P50 Annual OREC Exceedance NYSERDA Interconnection Cost Share = 50% (The NYSERDA share of additional costs specifically related Interconnection Shareable Costs according to the Project’s interconnection agreement above following schedule: [Insert cost sharing schedule in accordance with Proposal. In no case shall the NYSERDA Interconnection Cost Sharing ThresholdShare be greater than 80%.) ] RF = Recovery Factor of 0.0985 [0.0870 for projects with a 20-year term / 0.0901 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.] [Section 5.05. For projects with energy storage: Reduction in Price for Undelivered or Ineligible Energy Storage. The amount by which the Index OREC Strike Price or Fixed OREC Price, as applicable, shall be reduced as a consequence of Seller’s failure to construct the Energy Storage Component as proposed in the Proposal. The Energy Storage Component Price Reduction Amount shall be $ /MWh. For projects that include an Energy Storage Component, should the Energy Storage Component (i) not reach Commercial Operation at the full Bid Storage Capacity (MWh) on or before the Commercial Operation Milestone Date or (ii) at any time become Ineligible Energy Storage, NYSERDA may, upon Notice to Seller, reduce the Index OREC Strike Price or Fixed OREC Price, as applicable, by the Energy Storage Component Price Reduction Amount.]. In such event, the Index OREC Strike Price or Fixed OREC Price would be increased by the Energy Storage Component Price Reduction Amount if and when the Energy Storage Component reaches Commercial Operation at the full Bid Storage Capacity and is not Ineligible Energy Storage.

Interconnection Cost Adjustment. (a) The Seller shall make commercially reasonable efforts to cause Interconnection Net Savings to occur, including but not limited to changing its Delivery Injection Point where appropriate. . (b) On or before the date that is ninety (90) 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. . (c) 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: Interconnection Price Reduction = NYSERDA Interconnection Savings Share ($) )× RF P50 Annual OREC Exceedance where: NYSERDA Interconnection Savings Share = the greater of (i) 80% of the Interconnection Net Savings and (ii) Interconnection Net Savings minus $50,000,000. RF = Recovery Factor of 0.0985 [0.0870 for projects with a 20-year term; 0.0901 term / 0.0781 for projects with a 25-year term]. . (d) [For projects with interconnection cost sharing: To the extent Interconnection Shareable Costs exist, the Index OREC Strike Price or Fixed OREC Price will be increased by the Interconnection Price Increase, calculated as follows: where: Interconnection Price Increase = NYSERDA Interconnection Cost Share ($)× RF P50 Annual OREC Exceedance NYSERDA Interconnection Cost Share = 50% (The NYSERDA share of additional costs specifically related Interconnection Shareable Costs according to the Project’s interconnection agreement above following schedule: [Insert cost sharing schedule in accordance with Proposal. In no case shall the NYSERDA Interconnection Cost Sharing ThresholdShare be greater than 80%.) ] RF = Recovery Factor of 0.0985 [0.0870 for projects with a 20-year term / 0.0901 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.] .]

Interconnection Cost Adjustment. The Seller shall make commercially reasonable efforts to cause Interconnection Net Savings to occur, including but not limited to changing its Delivery Injection Point where appropriate. On or before the date that is ninety (90) 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: Interconnection Price Reduction = NYSERDA Interconnection Savings Share ($) × RF P50 Annual OREC Exceedance 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 0.0985 [0.0870 for projects with a 20-year term; 0.0901 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 = 50% (The NYSERDA share of additional costs specifically related Interconnection Shareable Costs according to the Project’s interconnection agreement above following schedule: [Insert cost sharing schedule in accordance with Proposal. In no case shall the NYSERDA Interconnection Cost Sharing ThresholdShare be greater than 80%.) ] RF = Recovery Factor of 0.0985 [0.0870 for projects with a 20-year term / 0.0901 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.] [Section 5.05. For projects with energy storage: Reduction in Price for Undelivered or Ineligible Energy Storage. For projects that include an Energy Storage Component, should the Energy Storage Component (i) not reach Commercial Operation on or before the Commercial Operation Milestone Date or (ii) at any time become Ineligible Energy Storage, NYSERDA may, upon Notice to Seller, reduce the Index OREC Strike Price or Fixed OREC Price, as applicable, by the Energy Storage Component Price Reduction Amount. In such event, the Index OREC Strike Price or Fixed OREC Price would be increased by the Energy Storage Component Price Reduction Amount if and when the Energy Storage Component reaches Commercial Operation and is not Ineligible Energy Storage. Should the Installed Storage Capacity be less than the Bid Storage Capacity, the Index OREC Price shall, upon Notice to Seller, be reduced by an amount equal to the product of (A) the Energy Storage Component Price Reduction Amount multiplied by (B) the quotient, reflected as a percentage, obtained by dividing (X) the sum of (a) the Bid Storage Capacity minus (b) the Installed Storage Capacity by (Y) the Bid Storage Capacity.