Portfolio Content Category 1 definition

Portfolio Content Category 1 or “PCC1” means any Renewable Energy Credit associated with the generation of electricity from an Eligible Renewable Energy Resource consisting of the portfolio content set forth in California Public Utilities Code Section 399.16(b)(1), as may be amended from time to time or as further defined or supplemented by Law.

Portfolio Content Category 1 or “PCC 1” means Renewable Energy that satisfies the requirements of Section 399.16(b)(1) of the California Public Utilities Code.

Portfolio Content Category 1 means any Renewable Energy Credit associated with the generation of electricity from an “Eligible Renewable Energy Resource” consisting of the portfolio content set forth in California Public Utilities Code Section 399.16(b)(1), as may be amended from time to time or as further defined or supplemented by Law.

Examples of Portfolio Content Category 1 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.

• 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.

• Both units are certified in California’s Renewables Portfolio Standard program and provide valuable Portfolio Content Category 1 renewable energy generation that supports statewide renewable energy policy goals.

• Unless otherwise agreed upon by the parties, the Product shall meet the Portfolio Content Category 1 specifications.

• For the compliance period beginning January 1, 2011, and ending December 21, 2013, a local publicly owned electric utility must demonstrate it procured electricity products such that at least an average of 20 percent of its retail sales over the compliance period came from eligible renewable energy resources, and at least 50 percent of electricity products procured must meet the definition of Portfolio Content Category 1 (Cal.

• 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 Portfolio Content Category 1 renewable energy and RECs of the same vintage, delivery profile, and resource and (B) the Contract Price.

• 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”).

More Definitions of Portfolio Content Category 1

Portfolio Content Category 1 or “PCC1” means Renewable Energy that satisfies the California RPS requirements of Section 399.16(b)(1) of the California Public Utilities Code, as applicable to the REC Vintage transferred hereunder.

Portfolio Content Category 1 means any Renewable Energy Credit associated with the generation of electricity from an Eligible Renewable Energy Resource consisting of the portfolio content set forth in California Public Utilities Code Section 399.16(b)(1), as may be amended from time to time or as further defined or supplemented by Law.

Portfolio Content Category 1 as defined by RPS Law (“PCC1”) and be produced on a bundled basis with all associated Environmental Attributes.

Portfolio Content Category 1 as defined by RPS Law.