Common use of MA Class 1 Voluntary RECs Purchase Clause in Contracts

MA Class 1 Voluntary RECs Purchase. This Agreement includes a purchase of REC, sourced from Class I Renewable Resources in an amount equal to the percentage of the Participants’ electricity usage described above, over and above any then-current renewable portfolio standard, clean energy standards or carbon reduction requirements applicable to alternative retail electric suppliers in Massachusetts. Each REC represents the environmental attributes associated with one MWh of electricity generated by a Renewable Resource, but does not include any tax credits, depreciation allowances or third party subsidies of any kind. For purposes of this Agreement:

Appears in 1 contract

Samples: Competitive Electric Service Agreement

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MA Class 1 Voluntary RECs Purchase. This Agreement includes a purchase of REC, sourced from Class I Renewable Resources in an amount equal to the percentage of the Participantsparticipants’ electricity usage described above, over and above any then-current renewable portfolio standard, clean energy standards or carbon reduction requirements applicable to alternative retail electric suppliers in Massachusetts. Each REC represents the environmental attributes associated with one MWh of electricity generated by a Renewable Resource, but does not include any tax credits, depreciation allowances or third party subsidies of any kind. For purposes of this Agreement:

Appears in 1 contract

Samples: Competitive Electric Service Agreement

MA Class 1 Voluntary RECs Purchase. This Agreement includes a purchase of RECRECs, sourced from Class I Renewable Resources in an amount equal to the percentage of the Participantsparticipants’ electricity usage described above, over and above any then-current renewable portfolio standard, clean energy standards or carbon reduction requirements applicable to alternative retail electric suppliers in Massachusetts. Each REC represents the environmental attributes associated with one MWh of electricity generated by a Renewable Resource, but does not include any tax credits, depreciation allowances or third party subsidies of any kind. For purposes of this Agreement:

Appears in 1 contract

Samples: Competitive Electric Service Agreement

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MA Class 1 Voluntary RECs Purchase. This Agreement includes a purchase of RECRECs, sourced from Class I 1 Renewable Resources in an amount equal to the percentage of the Participants’ participants' electricity usage described above, over and above any then-current renewable portfolio standard, clean energy standards or carbon reduction requirements applicable to alternative retail electric suppliers in Massachusetts. Each REC represents the environmental attributes associated with one MWh of electricity generated by a Class 1 Renewable Resource, but does not include any tax credits, depreciation allowances or third party subsidies of any kind. For purposes of this Agreement:

Appears in 1 contract

Samples: Competitive Electric Service Agreement

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