Examples of Portfolio Content Category in a sentence
Furthermore, Seller hereby sells and conveys all Green Attributes associated with the Product produced from the Generating Facilities (other than resource adequacy attributes and ancillary services) to Purchaser as part of the Portfolio Content Category 1 Product being delivered.
If a change of law occurs after execution of the PPA that impacts Facility’s CEC certification or the Product’s qualification as Portfolio Content Category 1, then Seller shall comply with such change of law as necessary to maintain the Facility CEC certification and Product eligibility described above.
Seller shall ensure that the Product qualifies as Portfolio Content Category 1 throughout the Delivery Term.
Specifications for Portfolio Content Category 1 are described in California Public Utilities Code §399.16, California Public Utilities Commission Decision 00-00-000, and other applicable statutes, regulations, and regulatory orders.
Therefore, the RPS-eligible procurement from the PPAs satisfies the criteria for Portfolio Content Category One adopted in D.00-00-000.
Subject to GLENDALE’s rights pursuant to Section 13.2, lack of RPS Certification (whether or not resulting from a change in California law) will lead to a reduction in Contract Price equal to the value of element two (2) in the GLENDALE’s Feed-in-Tariff formula rate (namely, the value of Portfolio Content Category One (PCC1) RECs based on recent actual transactions by GLENDALE), multiplied by the applicable Energy quantity metered at the Delivery Point.
If Seller fails to achieve the Guaranteed Energy Production amount in any Performance Measurement Period, Seller shall pay Buyer liquidated damages equal to (i) the difference between the Guaranteed Energy Production and the Adjusted Energy Production, multiplied by (ii) difference between (A) the replacement price for bundled Portfolio Content Category 1 renewable energy and RECs of the same vintage and resource and (B) the Contract Price.
Portfolio Content Category Claim and Upfront Showing (D.00-00-000, Ordering Paragraph 9) Senate Bill 2 1X established three portfolio content categories that apply to RPS-eligible generation associated with RPS procurement contracts signed after June 1, 2010.
Unless otherwise agreed upon by the parties, the Product shall meet the Portfolio Content Category 1 specifications.
The SFPUC seeks proposals that include renewable energy products meeting the delivery requirements established for Portfolio Content Category 1 (“PCC 1”) and Portfolio Content Category 2 (“PCC 2”).