Common use of REC Transfer Clause in Contracts

REC Transfer. On or before April 30, 2025, Tri-State will transfer from Tri-State’s WREGIS account into MPEI’s designated WREGIS account, in accordance with WREGIS Operating Rules, all 2025 RECs arising out of the Board Policy 117 Projects and/or REC Contracts that are in Tri-State’s WREGIS account on the date of such transfer and to which MPEI has title and ownership pursuant to the REC Contracts. Within 15 days after the Completion of Compliance, Tri-State will transfer from Tri-State’s WREGIS account into MPEI’s designated WREGIS account, in accordance with WREGIS Operating Rules, all 2024 and prior RECs (including any 2025 RECs created after the transfer referenced in the first sentence of this Section 5.4.2) that have not been retired arising out of the Board Policy 117 Projects and/or REC Contracts that are in Tri-State’s WREGIS account and to which MPEI has title and ownership pursuant to the REC Contracts (“Member Owned RECs”). This does not include any RECs that Tri-State purchased pursuant to the REC Contracts4 or any RECs that are retired as part of MPEI’s compliance with its RPS compliance obligation. On or before August 29, 2025, MPEI will transfer into Tri-State’s WREGIS account, in accordance with WREGIS Operating Rules, all 2024 and 2025 RECs arising out of the Board Policy 117 Projects and/or REC Contracts that are in MPEI’s or its designee’s WREGIS account on the date of such transfer and to which Tri-State has title and ownership pursuant to the REC Contracts, if any. Each Party will be responsible for any WREGIS transfer fees that WREGIS assesses to that Party. On or before November 1, 2024, MPEI shall notify Tri-State in writing to which WREGIS account the Member Owned RECs will be transferred at the time described herein. The number of RECs to be retired as part of MPEI’s 2024 Colorado RPS compliance obligation are not known as of the Agreement Date.

REC Transfer. On or before April 30July 31, 20252024, Tri-State will transfer from Tri-State’s WREGIS account into MPEIUnited Power’s designated WREGIS account, in accordance with WREGIS Operating Rules, all 2025 2024 RECs arising out of the Board Policy 117 Projects and/or REC Contracts that are in Tri-State’s WREGIS account on the date of such transfer and to which MPEI United Power has title and ownership pursuant to the REC Contracts. On or before August 30, 2024, United Power will transfer from United Power’s WREGIS account into Tri-State’s WREGIS account, in accordance with WREGIS Operating Rules, all 2024 RECs arising out of the Board Policy 117 Projects and/or REC Contracts that are in United Power’s WREGIS account on the date of such transfer and to which Tri-State has title and ownership pursuant to the REC Contracts. Within 15 days after the Completion of Compliance, Tri-State will transfer from Tri-State’s WREGIS account into MPEIUnited Power’s designated WREGIS account, in accordance with WREGIS Operating Rules, all 2024 2023 and prior RECs (including any 2025 2024 RECs created after the transfer referenced in the first sentence of in this Section 5.4.2Section) that have not been retired arising out of the Board Policy 117 Projects and/or REC Contracts that are in Tri-State’s WREGIS account and to which MPEI United Power has title and ownership pursuant to the REC Contracts (“Member Owned RECs”)Contracts. This does not None of these transfers by Tri-State will include any RECs that Tri-State purchased pursuant to the REC Contracts4 Contracts or any RECs that are retired as part of MPEIUnited Power’s compliance with its RPS compliance obligation. On or before August 29, 2025, MPEI will transfer into Tri-State’s WREGIS account, in accordance with WREGIS Operating Rules, all 2024 and 2025 RECs arising out of the Board Policy 117 Projects and/or REC Contracts that are in MPEI’s or its designee’s WREGIS account on the date of such transfer and to which Tri-State has title and ownership pursuant to the REC Contracts, if any. Each Party will be responsible for any WREGIS transfer fees that WREGIS assesses to that Party. On or before November 1By February 2, 2024, MPEI United Power shall notify Tri-State in writing to which WREGIS account the Member Owned United Power’s RECs will be transferred at the time times described herein. The number of RECs to be retired as part of MPEIUnited Power’s 2024 2023 Colorado RPS compliance obligation are not known as of the Agreement Date.

REC Transfer. On or before April 30July 31, 20252024, Tri-State will transfer from Tri-State’s WREGIS account into MPEIUnited Power’s designated WREGIS account, in accordance with WREGIS Operating Rules, all 2025 2024 RECs arising out of the Board Policy 117 Projects and/or REC Contracts that are in Tri-State’s WREGIS account on the date of such transfer and to which MPEI United Power has title and ownership pursuant to the REC Contracts. On or before August 30, 2024, United Power will transfer from United Power’s WREGIS account into Tri-State’s WREGIS account, in accordance with WREGIS Operating Rules, all 2024 RECs arising out of the Board Policy 117 Projects and/or REC Contracts that are in United Power’s WREGIS account on the date of such transfer and to which Tri-State has title and ownership pursuant to the REC Contracts. Within 15 days after the Completion of Compliance, Tri-State will transfer from Tri-State’s WREGIS account into MPEIUnited Power’s designated WREGIS account, in accordance with WREGIS Operating Rules, all 2024 2023 and prior RECs (including any 2025 2024 RECs created after the transfer referenced in the first sentence of in this Section 5.4.2Section) that have not been retired arising out of the Board Policy 117 Projects and/or REC Contracts that are in Tri-State’s WREGIS account and to which MPEI United Power has title and ownership pursuant to the REC Contracts (“Member Owned RECs”)Contracts. This does not None of these transfers by Tri-State will include any RECs that Tri-State purchased pursuant to the REC Contracts4 Contracts or any RECs that are retired as part of MPEIUnited Power’s compliance with its RPS compliance obligation. On or before August 29, 2025, MPEI will transfer into Tri-State’s WREGIS account, in accordance with WREGIS Operating Rules, all 2024 and 2025 RECs arising out of the Board Policy 117 Projects and/or REC Contracts that are in MPEI’s or its designee’s WREGIS account on the date of such transfer and to which Tri-State has title and ownership pursuant to the REC Contracts, if any. Each Party will be responsible for any WREGIS transfer fees that WREGIS assesses to that Party. On or before November February 1, 2024, MPEI United Power shall notify Tri-State in writing to which WREGIS account the Member Owned United Power’s RECs will be transferred at the time times described herein. The number of RECs to be retired as part of MPEIUnited Power’s 2024 2023 Colorado RPS compliance obligation are not known as of the Agreement Date.

REC Transfer. On or before April 30July 31, 20252024, Tri-State will transfer from Tri-State’s WREGIS account into MPEIUnited Power’s designated WREGIS account, in accordance with WREGIS Operating Rules, all 2025 2024 RECs arising out of the Board Policy 117 Projects and/or REC Contracts that are in Tri-State’s WREGIS account on the date of such transfer and to which MPEI United Power has title and ownership pursuant to the REC Contracts. On or before August 30, 2024, United Power will transfer from United Power’s WREGIS account into Tri-State’s WREGIS account, in accordance with WREGIS Operating Rules, all 2024 RECs arising out of the Board Policy 117 Projects and/or REC Contracts that are in United Power’s WREGIS account on the date of such transfer and to which Tri-State has title and ownership pursuant to the REC Contracts. Within 15 days after the Completion of Compliance, Tri-State will transfer from Tri-State’s WREGIS account into MPEIUnited Power’s designated WREGIS account, in accordance with WREGIS Operating Rules, all 2024 2023 and prior RECs (including any 2025 2024 RECs created after the transfer referenced in the first sentence of in this Section 5.4.2Section) that have not been retired arising out of the Board Policy 117 Projects and/or REC Contracts that are in Tri-State’s WREGIS account and to which MPEI United Power has title and ownership pursuant to the REC Contracts (“Member Owned RECs”)Contracts. This does not None of these transfers by Tri-State will include any RECs that Tri-State purchased pursuant to the REC Contracts4 Contracts or any RECs that are retired as part of MPEIUnited Power’s compliance with its RPS compliance obligation. On or before August 29, 2025, MPEI will transfer into Tri-State’s WREGIS account, in accordance with WREGIS Operating Rules, all 2024 and 2025 RECs arising out of the Board Policy 117 Projects and/or REC Contracts that are in MPEI’s or its designee’s WREGIS account on the date of such transfer and to which Tri-State has title and ownership pursuant to the REC Contracts, if any. Each Party will be responsible for any WREGIS transfer fees that WREGIS assesses to that Party. On or before November 1, 2024, MPEI shall notify United Power notified Tri-State in writing to which WREGIS account the Member Owned United Power’s RECs will be transferred at the time times described herein. The number of RECs to be retired as part of MPEIUnited Power’s 2024 2023 Colorado RPS compliance obligation are not known as of the Agreement Date.