PTC definition

PTC means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.
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PTC means the production tax credit established pursuant to Section 45 of the United States Internal Revenue Code of 1986.
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PTC means a renewable electricity production credit within the meaning of Code Section 45 or any successor to such section.
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Examples of PTC in a sentence

  • Customer shall pay PTC (directly or through a Reseller) the committed fees (e.g., the set-up fees and the committed recurring fees) specified in the Quote.

  • PTC shall not be in default of its obligations to the extent its performance is delayed or prevented by causes beyond its control.

  • For purposes of clarity, PTC’s obligation to keep such Hosted Data confidential shall not apply to information that PTC is required to disclose by law (but only to the extent of such required disclosure).

  • In addition, PTC may suspend Customer’s access to the Services in the event that Customer is overdue in payments under this Agreement and does not make full payment of the amount owed within fifteen days after notice thereof by PTC.

  • Customer agrees that while this Agreement is in effect, PTC shall be authorized to identify Customer as a customer/end-user of PTC software and services (as applicable) in public relations and marketing materials.


More Definitions of PTC

PTC means a power trading company, which is an electricity trader who has been granted a license to undertake trading in electricity under Section 12 of the Electricity Act, 2003.
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PTC means Participants Trust Company, a New York limited purpose trust company.
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PTC means production tax credits under Section 45 of the Code.
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PTC means PVUSA test Conditions. “PV” means photovoltaic.
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PTC means Pacific Thomas Corporation.
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PTC means production tax credit.
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PTC or “PTCs” means production Tax credits under Section 45 of the Code, and any federal grants, credits or other incentives issued or arising in lieu thereof, including investment tax credits under Section 48 of the Code, and, where applicable, the energy community bonus credit under Sections 45, 45Y, 48 and 48E of the Code, and the domestic content bonus under Section 45(b)(9) of the Code.8
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