RECs. (a) Seller shall transfer to Buyer all of the right, title and interest in and to the Facility’s Environmental Attributes, including the RECs, associated with the Facility’s Energy Delivered during the Term in accordance with the terms of this Section 4.7.
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. Seller shall transfer to Buyer all of the right, title and interest in and to the Facility’s Environmental Attributes, including the RECs, generated by the Facility during the Term in accordance with the terms of this Section 4.7. All Energy provided by Seller to Buyer from the Facility under this Agreement shall meet the requirements for eligibility pursuant to the RPS; provided, however, that if the Facility ceases to qualify as a RPS Class I Renewable Generation Unit, Seller shall be required to use commercially reasonable efforts to ensure that all Energy provided by Seller to Buyer from the Facility under this Agreement meets the requirements for eligibility pursuant to the RPS after that change in Law. At Buyer’s request and at Seller' sole cost, Seller shall also seek qualification under the renewable portfolio standard or similar law of New York, Connecticut and/or one or more additional New England states (in addition to Massachusetts) and/or any federal renewable energy standard. Seller shall use commercially reasonable efforts, consistent with Good Utility Practice, to maintain such qualification at all times during the Services Term, or until Buyer indicates such qualification is no longer necessary. Seller shall also submit any information required by any state or federal agency (including without limitation the MDPU) with regard to administration of its rules regarding Environmental Attributes or its renewable energy standard or renewable portfolio standard to Buyer or as directed by Buyer. Seller shall comply with all GIS Operating Rules relating to the creation and transfer of all RECs to be purchased by Buyer under this Agreement and all other GIS Operating Rules to the extent required for Buyer to achieve the full value of the RECs. 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. Prior to the delivery of any Energy hereunder (including any Energy Delivered during the Test Period), either (i) Seller shall cause Buyer to be registered in the GIS as the initial owner of all Certificates to be Delivered hereunder to Buyer or (ii) Seller and Buyer shall effect an irrevocab...
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. In addition to soliciting bids for power supply that meets the required MA RPS obligation, Greenfield will solicit bids to supply additional Renewable Energy Certificates (RECs) for both the standard product and the optional product. Xxxxxxxxxx’x goal is for the standard product to be 100% renewable. The optional product will be even greener than the standard product, for example by including a higher percentage of “new” renewables. The town will seek RECs from a variety of renewable sources, and will choose the proposals that offer the best combination of environmental benefit and price. Greenfield will require bidders to identify the technology, vintage, and location of the renewable generators that are the sources of the RECs. It will also 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.
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 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. EXHIBIT D CREDIT ANNEX 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, 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. EXHIBIT D CREDIT ANNEX Section 1
