Tier 2 RECs definition

Tier 2 RECs means the RECs attributable to generation of the resources whose costs are allocated to a given Tier 2 Cost Pool in accordance with the TRM.
Sample 1Sample 2Sample 3
Tier 2 RECs means the RECs associated with generation of the resources whose costs are allocated to a given Tier 2 Cost Pool in accordance with the TRM.
Sample 1Sample 2Sample 3
Tier 2 RECs. (03/27/08 Version) means the Environmental Attributes generated by specified renewable resources whose costs are recovered in a Tier 2 Cost Pool.
Sample 1Sample 2

Examples of Tier 2 RECs in a sentence

  • Nevertheless, Maryland’s RPS obligations through 2007 (latest data available) have been satisfied through submission of the appropriate level of Tier 1 and Tier 2 RECs, or through alternative compliance payments (ACPs).

  • In the event that the force majeure event lasts more than forty-five (45) days, NYSERDA may terminate this Agreement with no further obligation or liability to LSE other than to retire on behalf of LSE for Tier 2 REC compliance purposes any Tier 2 RECs for which LSE has made payment prior to termination.

  • Thus, the LSE would have to verify the purchase of 2,500 Tier 2 RECs in satisfaction of the Tier 2 RPS obligation, or pay compliance fees for deficits.

  • New York, Michigan, Ohio, Illinois, North Carolina, Wisconsin and Tennessee all have facilities that are certified to accumulate and sell RECs. Three states provided 60% of the Tier 1 and Tier 2 RECs retired by electric companies and suppliers in 2007: Michigan, Pennsylvania and Virginia.

  • BPA will not transfer to, or manage for, any IOU any Tier 2 RECs.

  • In the absence of regulations or legislation concerning carbon credits and directly affecting BPA, BPA intends to convey the value of any future Available Carbon Credits to «Customer Name» on a pro rata basis in the same manner as described for Available Tier 1 RECs and Tier 2 RECs in sections 3 and 4 of this exhibit.

  • Upon conclusion of the Settlement and Reconciliation process as described under Section 2.7, NYSERDA will retire in NYGATS on behalf of LSE for purposes of Tier 2 compliance by LSE all Tier 2 RECs purchased by NYSERDA on behalf of LSE for which LSE has provided payment to NYSERDA.

  • Michigan was the largest supplier of Tier 1 RECs (biomass and landfill gas); Pennsylvania, the largest supplier of Tier 2 RECs (hydroelectric).

  • Based on the Supplier Annual Reports filed with the Commission for compliance year 2007: 553,374 Tier 1 RECs were used to meet the Tier 1 RPS obligation,32 and 1,382,874 Tier 2 RECs were used towards the Tier 2 RPS obligation.33 Some suppliers paid a compliance fee instead of purchasing RECs, the compliance fee’s paid in 2007 totaled $36,374.

  • Similarly, for compliance year 2006: 552,874 Tier 1 RECs and 1,322,069 Tier 2 RECs were used to satisfy the Maryland RPS obligation.


More Definitions of Tier 2 RECs

Tier 2 RECs shall have the meaning as defined in section 1 of Exhibit H.
Sample 1

Related to Tier 2 RECs

  • Tier 2 Capital has the meaning given to the term “Tier 2 capital” in 12 C.F.R. Part 217, as amended, modified and supplemented and in effect from time to time or any replacement thereof.

  • Tier 2 means the portion of the design- related information contained in the generic DCD that is approved but not certified by this appendix (Tier 2 information). Compli- ance with Tier 2 is required, but generic changes to and plant-specific departures from Tier 2 are governed by Section VIII of this appendix. Compliance with Tier 2 pro- vides a sufficient, but not the only accept- able, method for complying with Tier 1. Compliance methods differing from Tier 2 must satisfy the change process in Section VIII of this appendix. Regardless of these dif- ferences, an applicant or licensee must meet the requirement in Section III.B of this ap- pendix to reference Tier 2 when referencing Tier 1. Tier 2 information includes:

  • Tier 3 Wire Centers are those Embarq Wire Centers that are not Tier 1 or Tier 2 Wire Centers.

  • Tier 2 Support means the Esri Technical Support provided to the Tier 1 Help Desk when a Case cannot be resolved through Tier 1 Support.

  • Tier 1 Help Desk means Customer's point of contact(s) to provide all Tier 1 Support within Customer's organization(s).

  • Tier 1 Support means the Technical Support provided by the Tier 1 Help Desk.

  • Tier 1 Capital means Tier 1 capital for the purposes of the Capital Regulations.

  • eligible Categories means Categories (1), (2) and (3) set forth in the table in paragraph 1 of Schedule 1 to this Agreement;

  • Additional Tier 1 Capital means capital which is treated as Additional Tier 1 capital (or any equivalent or successor term) under CRD IV requirements by the Relevant Regulator for the purposes of the Issuer and the Group;

  • preferential tariff treatment means the rate of customs duties applicable to an originating good of the exporting Party in accordance with paragraph 1 of Article 16; and