Zero Emissions Credit definition

Zero Emissions Credit or “ZEC” means a credit for the zero-emissions attributes of one (1) MWh of electric energy production by an eligible Zero Carbon Electric Generating Facility, such as the Facility, represented by a Certificate, which credit is purchased by NYSERDA or a LSE from Seller to reduce carbon consumption by retail electric consumers in New York State, such purchases to be accomplished through NYGATS pursuant to the NYGATS Operating Rules.
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Zero Emissions Credit or ‘ZEC’ means credit for the zero-emissions attributes of one megawatt-hour of electricity production by an eligible Zero Carbon Electric Generating Facility which credit is purchased by NYSERDA or a Load Serving Entity to reduce carbon consumption by retail electric consumers in New York State.” CES Order, App. E at 1.
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Examples of Zero Emissions Credit in a sentence

  • The additional revenue that will be provided by Zero Emissions Credit (ZEC) payments in NY and IL appears to have stopped the early retirement plans for multiple nuclear units in these states.More recently, Exelon, on May 30, 2017, announced plans to retire its 852 MW Three Mile Island Generating Station (TMI) Unit 1 in Pennsylvania in September 2019 unless the state government implements new policies that provide additional financial support for the plant.

  • In addition to the foregoing requirements in Section II.b.i-iii, each of the Full Requirements Customers shall pay the Zero Emissions Credit Charge and Renewable Energy Credit Charge provided in Appendix C and Appendix D, respectively.

  • This lawsuit only challenges the portions of FEJA that amended IPAA to create the Zero Emissions Credit program for nuclear generators.

  • The New York Zero Emissions Credit (ZEC) program goes a step further than clean energy mandates.

  • Supreme Court action is pending.Background On July 25, 2017, a federal district court judge issued a memorandum opinion dismissing challenges to the New York Zero Emissions Credit (“ZEC”) program, which was adopted in August 2016 to subsidize and avoid the shutdown of the state’s nuclear plants.

  • These Zero Emissions Credit (ZEC) payments provide direct compensation to these nuclear power plants.

  • Zero Emissions Credit Charges The Committee reported several bills addressing consumer interests related to the approval of the Zero Emissions Credit (ZEC) component of the Clean Energy Standard.

  • Motion for Leave to File Amicus Curiae Brief (January 6).Northern District of Illinois Eastern Divisions• Zero Emissions Credit (“ZEC”) Case No. 12-cv-01164.

  • The CES includes a Renewable Energy Standard (RES), a Zero- Emissions Credit (ZEC) requirement, and, as of July 12, 2018, an Offshore Wind Standard.2 The CES Framework Order anticipated that additional measures would be necessary to fully implement the CES, and instituted an implementation phase to address issues and approve changes as necessary.

  • Maize husk and stalk were assessed for their fiber characteristics and suitability for pulp and paper production.

Related to Zero Emissions Credit

  • the We Love Manchester Emergency Fund means the registered charity of that name (number 1173260) established on 30th May 2017;

  • Acid rain emissions limitation means, as defined in 40 CFR 72.2*, a limitation on emissions of sulfur dioxide or nitrogen oxides under the acid rain program under Title IV of the Clean Air Act (CAA).

  • Net emissions increase means, with respect to any regulated NSR pollutant emitted by a major stationary source, the amount by which the sum of the following exceeds zero:

  • Significant emissions increase means, for a regulated NSR pollutant, an increase in emissions that is significant, as defined in subsection (ww), for that pollutant.

  • Small emissions unit means an emissions unit that emits or has the potential to emit the PAL pollutant in an amount less than the significant level for that PAL pollutant, as defined in section 140 or in the Act, whichever is lower.

  • Emissions unit means any part or activity of a stationary source that emits or has the potential to emit any regulated air pollutant or any pollutant listed under Section 7412(b) of the FCAA. This term is not meant to alter or affect the definition of the term "unit" for purposes of Title IV of the FCAA.

  • Maximum Generation Emergency Alert means an alert issued by the Office of the Interconnection to notify PJM Members, Transmission Owners, resource owners and operators, customers, and regulators that a Maximum Generation Emergency may be declared, for any Operating Day in either, as applicable, the Day-ahead Energy Market or the Real-time Energy Market, for all or any part of such Operating Day.

  • PM10 emissions means PM10 emitted to the ambient air as measured by an applicable reference method, or an equivalent or alternate method, specified in 40 CFR Part 51, Appendix M as of December 8, 1984, or by a test method specified in these regulations or any supplement thereto.

  • the London Emergencies Trust means the company of that name (number 09928465) incorporated on 23rd December 2015 and the registered charity of that name (number 1172307) established on 28th March 2017;

  • Significant emissions unit means an emissions unit that emits or has the potential to emit a PAL pollutant in an amount that is equal to or greater than the significant level (as defined in section 140 or in the Act, whichever is lower) for that PAL pollutant, but less than the amount that would qualify the unit as a major emissions unit as defined in section 079.

  • Total Revolving Extensions of Credit at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time.

  • Revolving Extensions of Credit as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding, (b) such Lender’s Revolving Percentage of the L/C Obligations then outstanding and (c) such Lender’s Revolving Percentage of the aggregate principal amount of Swingline Loans then outstanding.

  • Industrial Emissions Directive means DIRECTIVE 2010/75/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 24 November 2010 on industrial emissions

  • Total Extensions of Credit at any time, the aggregate amount of the Extensions of Credit of the Lenders outstanding at such time.

  • emissions of substances not controlled by emission limits means emissions of substances to air, water or land from the activities, either from the emission points specified in schedule 3 or from other localised or diffuse sources, which are not controlled by an emission limit.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • State ceiling means the State’s housing credit ceiling established pursuant to Section 42(h)(3)(C) of the Code.

  • Excess emissions - means an emission rate that exceeds any applicable emission limitation or standard allowed by any rule in Sections .0500, .0900, .1200, or .1400 of Subchapter 02D; or by a permit condition; or that exceeds an emission limit established in a permit issued under 15A NCAC 02Q .0700. (Note: Definitions of excess emissions under 02D .1110 and 02D .1111 shall apply where defined by rule.)

  • the National Emergencies Trust means the registered charity of that name (number 1182809) established on 28th March 2019;

  • Plantwide applicability limitation (PAL means an emission limitation expressed in tons per year, for a pollutant at a major stationary source, that is enforceable as a practical matter and established source-wide in accordance with Chapter 19, section 011.

  • Emergency procurement means an acquisition resulting from an emergency need.

  • Minimum Generation Emergency means an Emergency declared by the Office of the Interconnection in which the Office of the Interconnection anticipates requesting one or more generating resources to operate at or below Normal Minimum Generation, in order to manage, alleviate, or end the Emergency.

  • Planned External Financed Generation Capacity Resource means a Planned External Generation Capacity Resource that, prior to August 7, 2015, has an effective agreement that is the equivalent of an Interconnection Service Agreement, has submitted to the Office of the Interconnection the appropriate certification attesting achievement of Financial Close, and has secured at least 50 percent of the MWs of firm transmission service required to qualify such resource under the deliverability requirements of the Reliability Assurance Agreement.

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).