Regional Greenhouse Gas Initiative (“RGGI”). A cooperative effort among certain U.S. States, including New York State, to cap and reduce power sector CO2 emissions. [Repowering: The investments made to the existing [Name of Bid Facility] associated with the [improvements] that meet the repowering requirements of the 2020 CES Order, as proposed by Seller in the Application for Qualification and Bid Proposal in response to RESRFP22-1 and determined through the Statement of Qualification and the Operational Certification process.]
Regional Greenhouse Gas Initiative (“RGGI”). On January 1, 2009, our assets in New York and Maine became subject to a state-driven GHG emission control program known as RGGI. RGGI was developed and implemented by ten New England and Mid-Atlantic states to reduce CO2 emissions from power plants. The participating RGGI states implemented rules regulating GHG emissions using a cap-and-trade program to reduce CO2 emissions by at least 10 percent of 2009 emission levels by the year 2018. Compliance is measured across a three-year control period. The first control period is for the 2009-2011 timeframe.
Regional Greenhouse Gas Initiative (“RGGI”). On January 1, 2009, our assets in New York and Maine became subject to a state-driven GHG emission control program known as RGGI. RGGI was initially developed and implemented by ten New England and Mid-Atlantic states to reduce CO2 emissions from power plants. The participating RGGI states implemented rules regulating GHG emissions using a cap-and-trade program to reduce CO2 emissions by at least 10 percent of 2009 emission levels by the year 2018. Compliance is measured across a three-year control period with the current control period covering 2012-2014. The participating states are currently reviewing the RGGI program and are expected to lower the CO2 emissions cap.
