External Selected Project Clause Samples
The 'External Selected Project' clause defines and governs projects that are chosen from outside the contracting parties’ own organizations to be included within the scope of their agreement. This clause typically specifies the criteria for selecting such external projects, outlines the process for approval, and may set forth the responsibilities of each party regarding the management or oversight of these projects. Its core function is to ensure that both parties have a clear understanding of how external projects are identified, integrated, and managed within the contractual relationship, thereby reducing ambiguity and potential disputes over project inclusion.
External Selected Project. The Actual Production associated with the ORECs for a Selected Project interconnecting in a control area adjacent to the NYCA shall be scheduled, delivered to, and settled in the NYISO energy market in each hour via the NYISO or on a bilateral basis to a New York State load-serving entity or end user. Seller shall provide the North American Electric Reliability Corporation (NERC) tag information from the OATI (Open Access Technology International) System, including tag fields Sending and Receiving Control Areas (CA) and Purchasing/Selling Entity (PSE) Name and Number, identifying within the notes section of the tag the Selected Project and the Selected Project’s NYGATS ID number. Compliance with this delivery requirement shall be verified by NYGATS, which shall require an attestation from the importer that the information contained in the NERC tag is accurate and identifies the electricity generated by the Selected Project as the electricity associated with the import. Delivery of electric energy during the Contract Delivery Term that complies with this electricity delivery requirement will be sufficient to support the creation of ORECs by NYGATS up to the Annual OREC Cap and in accordance with the transfer requirements of Section 2.03 of this Agreement. The number of ORECs created will be the lesser of the hourly energy schedule of the import, or the hourly meter reading of the Actual Production of the Selected Project measured at the Injection Point.