RECs. (a) Seller shall transfer to Buyer all of the right, title and interest in and to Buyer’s Percentage Entitlement of the Environmental Attributes, including Buyer’s Percentage Entitlement of any and all RECs, generated by, or associated with, the Facility during the Services Term in accordance with the terms of this Section 4.7.
(b) Except as provided in Sections 4.1(b) and 4.1(c), all Energy and RECs provided by Seller to Buyer from the Facility under this Agreement shall meet the requirements for eligibility pursuant to the RPS, the CES and the Clean Peak Standard.
(c) At Seller’s sole cost, Seller shall also obtain and maintain throughout the Services Term qualification as a class I generation resource (or comparable designation enabling recognition of Environmental Attributes) under (i) the renewable portfolio standard or similar law of each of Connecticut, Maine, New Hampshire and Rhode Island, in each case to the extent the renewable energy technology used in the Facility is eligible under such renewable portfolio standard or similar law or program and (ii) the renewable portfolio standard or similar law of New York and any federal renewable energy standard, in each case to the extent the Facility as built and configured as of the Commercial Operation Date qualifies under such renewable portfolio standard or similar law or program. Seller shall also submit to Buyer, as directed by Buyer, any information required by any state or federal agency with regard to administration of its rules regarding Environmental Attributes or its renewable energy standard, clean energy standard or renewable portfolio standard or Seller’s qualification under the foregoing.
(d) Seller shall comply with all GIS Operating Rules, including without limitation such GIS Operating Rules relating to the creation, tracking, recording and transfer of all RECs to the extent necessary for Seller to perform its obligations under this Agreement. In addition, at Buyer’s request, Seller shall register with and comply with the rules and requirements of any other tracking system or program that tracks, monetizes or otherwise creates or enhances value for Environmental Attributes, which compliance shall be at Seller’s sole cost if such registration and compliance is requested in connection with Section 4.7(c) above and shall be at Buyer’s sole cost in other instances.
(e) Prior to the delivery of any Energy hereunder, either (i) Seller shall cause Buyer to be registered in the GIS as the init...
RECs.
(a) Seller shall transfer to Buyer all of the right, title and interest in and to Buyer’s Percentage Entitlement of the Facility’s Environmental Attributes, including the RECs, generated by, or associated with, the Facility during the Services Term in accordance with the terms of this Section 4.7.
(b) Regarding the RPS:
(i) Except as provided in subsection (ii) of this Section 4.7(b), all Energy provided by Seller to Buyer from the Facility under this Agreement shall meet the requirements for eligibility pursuant to the RPS, and Seller’s failure to satisfy such requirements shall constitute an Event of Default pursuant to Section 9.1 (c) of this Agreement except as provided in Section 4.7(b)(ii), below; and
(ii) If solely as a result of change in Law, Energy provided by Seller to Buyer from the Facility under this Agreement no longer meets the requirements for eligibility pursuant to the RPS, such will not constitute an Event of Default under Article 9, provided Seller promptly uses commercially reasonable efforts to ensure that qualification will continue after the change in Law. If, notwithstanding such commercially reasonable efforts and solely as a result of change in Law, the Facility does not qualify as a RPS Class I Renewable Generation Unit, then (A) Seller shall continue to sell, and Buyer shall continue to purchase Energy under this Agreement at the Price for such Energy in accordance with Section 5.1 and (B) any purchases and sales of RECs shall be in accordance with Section 4.1(b).
(c) At Seller's sole cost, Seller shall also obtain and maintain throughout the Services Term qualification as a RPS Class I generation resource under the renewable portfolio standard or similar law of the New England states of Connecticut, Maine, New Hampshire, and Rhode Island, to the extent the renewable energy technology used in the Facility is eligible under such renewable portfolio standard or similar law. At Buyer’s request and at Seller’s sole cost, Seller shall also obtain qualification under the renewable portfolio standard or similar law of New York and/or any federal renewable energy standard, to the extent the renewable energy technology used in the Facility is eligible under such renewable portfolio standard, renewable energy standard or similar law, and Seller shall use commercially reasonable efforts, consistent with Good Utility Practice, to maintain such qualifications at all times during the Services Term unless otherwise agreed by Buyer. Seller ...
RECs. The applicable price for our Renewable Product, if you selected and are enrolled in this product, includes the cost of voluntary renewable energy credits (“RECs”) representing the environmental attributes from electricity generated by nationally-sited renewable energy resources (e.g. wind or solar) in an amount equal to 100% of your account(s)’ usage during the Term.
RECs. Forfeiture of any remaining Performance Assurance under the terms of this Agreement shall be Buyer’s sole remedy for Seller’s failure to identify system(s) and to enter into Additional Agreements for such identified system(s) by the Guaranteed System Identification Date provided in Part 2 of the System Identification Form (Exhibit B) or any approved extension thereof.
RECs. Purchaser shall pay Seller for transferred RECs within ten (10) Business Days of receipt of Seller’s invoice subsequent to the transfer of RECs, or the 20th day of the month, whichever is later. If the 20th day is not a Business Day, then the next Business Day. The invoices issued by Seller hereunder shall include a statement detailing the RECs conveyed via WREGIS (i.e., Project Name, Vintage Month, CEC RPS ID, Contract Quantity and REC Contract Price).
RECs. BPA will not transfer to, or manage for, any IOU any Tier 2 RECs.
RECs. Notwithstanding any of the foregoing regarding the calculation of LDs for Deficient Energy, if Seller fails to deliver all or part of the Supply Guarantee as referenced above within any particular Delivery Period, Seller shall transfer to TVA, at no cost to TVA, the corresponding amount of RECs, regardless of whether Seller owes a LD payment to TVA under the provisions above in this Exhibit C. If Seller is incapable of transferring the corresponding amount of RECs associated with the deficiency in the amount of Seller’s supply for the Delivery Period after using Commercially Reasonable efforts to do so, Seller shall pay the Alternative Compliance Payment for the number of RECs owed to TVA pursuant to this Exhibit. Section 1
RECs. Notwithstanding any of the foregoing regarding the calculation of LDs for Deficient Energy, if Seller fails to deliver all or part of the Supply Guarantee as referenced above within any particular Delivery Period and if a RES has been enacted and is in effect with regard to that Delivery Period, Seller shall transfer to TVA, at no cost to TVA, the corresponding amount of RECs, regardless of whether Seller owes a LD payment to TVA under the provisions above in this Exhibit C. If Seller is incapable of transferring the corresponding amount of RECs associated with the deficiency in the amount of Seller’s supply for the Delivery Period after using Commercially Reasonable efforts to do so, Seller shall pay the Alternative Compliance Payment for the number of RECs owed to TVA pursuant to this Exhibit. Section 1
RECs. In addition to soliciting bids for power supply that meets the required MA RPS obligation, the Town will solicit bids to supply additional Renewable Energy Certificates (RECs) for the optional product. The Town will seek RECs from a variety of renewable sources, and will choose the proposal that offers the best combination of environmental benefit and price. The Town will ask bidders to identify the technology, vintage, and location of the renewable generators that are the sources of the RECs. The Town will require that the RECs either be created and recorded in the New England Power Pool Generation Information System or be certified by a third party such as Green-e.
