Examples of Alternative Compliance Payment in a sentence
The amount of payment guarantee (if requested) shall be equal to the lesser of (a) the cumulative product of the NEPOOL-GIS Certificate Quantity and the difference between the NEPOOL-GIS Certificate Purchase Price and the Alternative Compliance Payment Rate for the applicable NEPOOL-GIS Certificate Type and Vintage, or (b) the product of the NEPOOL-GIS Certificate Quantity and the NEPOOL-GIS Certificate Purchase Price, multiplied by 0.3.
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.
If Seller has paid PECO an amount in excess of the actual Alternative Compliance Payment for each AEC not Delivered, PECO shall pay Seller the difference between the amount Seller paid per AEC and the actual Alternative Compliance Payment.
If the PaPUC subsequently determines that the Alternative Compliance Payment for the AEPS Reporting Year in which Seller failed to Deliver the Contract Amount is more than the amount Seller paid for each AEC not Delivered, Seller shall pay PECO the difference between the amount Seller paid per AEC and the actual Alternative Compliance Payment.
In the event that Seller fails to provide Replacement AECs as provided under this Section, Seller shall pay PECO within forty-five (45) days of the end of the Contract Year an amount equal to the Alternative Compliance Payment (a “Replacement AEC Payment”) for each AEC which Seller fails to transfer to PECO for such Contract Year as liquidated damages.