Common use of Treatment of Environmental Attributes Clause in Contracts

Treatment of Environmental Attributes. Section 5 and Exhibit C of the Settlement‌ Section 5 and Exhibit C of the Settlement address how possible future environmental attributes associated with the Tier 1 system resources would be shared with the IOUs. Settlement, REP-12-A-02A, § 5, Exhibit C. The Settlement provides that 14 percent of Transferable Renewable Energy Certificates (RECs) and 14 percent of Carbon Credits would be transferred to, or would be valued and the value paid to, the IOUs. Settlement, REP-12-A-02A, Exhibit C; see also Evaluation Study, REP-12-FS-BPA-01, at 36. Transferable RECs are RECs that may in the future accrue to the Tier 1 system resources. Settlement, REP-12-A-02A, Exhibit C. Transferable RECs do not include the RECs associated with existing Tier 1 renewable projects, which are listed in Exhibit C of the Settlement. Id. Carbon Credits are defined as Environmental Attributes consisting of greenhouse gas emission credits, certificates, and similar instruments. Id. In order for 14 percent of the RECs and Carbon Credits to be transferred to the IOUs, COU parties to the Settlement agree to replace the current Exhibit H of their Contract High Water Xxxx (CHWM) contracts with the revised Exhibit H in the Settlement. Settlement, REP-12-

Treatment of Environmental Attributes. Section 5 and Exhibit C of the Settlement‌ Section 5 and Exhibit C of the Settlement address how possible future environmental attributes associated with the Tier 1 system resources would be shared with the IOUs. Settlement, REP-12-A-02A, § 5, Exhibit C. The Settlement provides that 14 percent of Transferable Renewable Energy Certificates (RECs) and 14 percent of Carbon Credits would be transferred to, or would be valued and the value paid to, the IOUs. Settlement, REP-12-A-02A, Exhibit C; see also Evaluation Study, REP-12-FS-BPA-01, at 36. Transferable RECs are RECs that may in the future accrue to the Tier 1 system resources. Settlement, REP-12-A-02A, Exhibit C. Transferable RECs do not include the RECs associated with existing Tier 1 renewable projects, which are listed in Exhibit C of the Settlement. Id. Carbon Credits are defined as Environmental Attributes consisting of greenhouse gas emission credits, certificates, and similar instruments. Id. In order for 14 percent of the RECs and Carbon Credits to be transferred to the IOUs, COU parties to the Settlement agree to replace the current Exhibit H of their Contract High Water Xxxx Mark (CHWM) contracts with the revised Exhibit H in the Settlement. Settlement, REP-12-