REC Transfer. On or before July 31, 2024, Tri-State will transfer from Tri-State’s WREGIS account into United Power’s WREGIS account, in accordance with WREGIS Operating Rules, all 2024 RECs arising out of the Board Policy 117 Projects and/or REC Contracts that are in Tri-State’s WREGIS account on the date of such transfer and to which United Power has title and ownership pursuant to the REC Contracts. On or before August 30, 2024, United Power will transfer from United Power’s WREGIS account into Tri-State’s WREGIS account, in accordance with WREGIS Operating Rules, all 2024 RECs arising out of the Board Policy 117 Projects and/or REC Contracts that are in United Power’s WREGIS account on the date of such transfer and to which Tri-State has title and ownership pursuant to the REC Contracts. Within 15 days after the Completion of Compliance, Tri-State will transfer from Tri-State’s WREGIS account into United Power’s WREGIS account, in accordance with WREGIS Operating Rules, all 2023 and prior RECs (including any 2024 RECs created after the transfer referenced in the first sentence in this Section) that have not been retired arising out of the Board Policy 117 Projects and/or REC Contracts that are in Tri-State’s WREGIS account and to which United Power has title and ownership pursuant to the REC Contracts. None of these transfers by Tri-State will include any RECs that Tri-State purchased pursuant to the REC Contracts or any RECs that are retired as part of United Power’s compliance with its RPS compliance obligation. Each Party will be responsible for any WREGIS transfer fees that WREGIS assesses to that Party. On or before February 1, 2024, United Power shall notify Tri-State in writing to which WREGIS account the United Power’s RECs will be transferred at the times described herein. The number of RECs to be retired as part of United Power’s 2023 Colorado RPS compliance obligation are not known as of the Agreement Date.
REC Transfer. During the Delivery Term, Seller shall transfer the RECs to Buyer’s WREGIS account (Buyer’s WREGIS Account Holder Name: PRIME – Pico Xxxxxx innovative Municipal Energy). Invoicing and Payment: During the Delivery Term, approximately once per quarter, Seller will invoice Buyer for an amount equal to the product of (a) the Contract Price and (b) the portion of the Contract Quantity delivered to Buyer, as evidenced by quantity of WREGIS Certificates transferred to Buyer’s WREGIS account by Seller. Buyer shall make payment to Seller by wire transfer or ACH payment to the bank account provided on each monthly invoice. Buyer shall pay undisputed invoice amounts on or before the twenty-third (23rd) day of the month in which the invoice was received, provided that such invoice was received by the fifteenth (15th) day of the month, otherwise the invoice will be paid on the next month’s monthly distribution date under the Security Documents (i.e., the 23rd of the month). If such due date falls on a weekend or legal holiday, such due date shall be the next Business Day. Supporting Data: Because the Product is being sold by Seller to Buyer to facilitate Buyer’s compliance with the California Renewables Portfolio Standard, including the requirements of Section 399.13(b) of the California Public Utilities Code and CPUC Decision D.00-00-000, Seller will use reasonable efforts to assist Buyer, if necessary, in timely providing required data and/or documentation, as requested by jurisdictional regulatory authorities, to support Buyer’s compliance.
REC Transfer. During the Delivery Term, Seller shall transfer the RECs to Buyer’s WREGIS account (Buyer’s WREGIS Account Holder Name: San Jacinto Power).
REC Transfer. Se ller shall transfer all RECs g ene rated b y the Facility d uring e ach month of the De live ry Te rm to Buye r via WREGIS p ursuant to the time line s in WREGIS O p e rating Rule s. Op e rations and Maintenance: Se lle r shall not sche d ule any non-e me rg e ncy mainte xxxxx that red uces the ene rg y g ene ration and / or storag e cap ab ility of the Facility, as ap p licab le , b y more than te n p e rce nt (10%) d uring the months of June throug h Se p te mb e r, unle ss (i) such outag e is re q uire d to avoid d amag e to the Facility, (ii) such mainte xxxxx is ne ce ssary to maintain e q uip me nt warrantie s and cannot b e sched uled outsid e the months of June throug h Sep temb e r, (iii) such outag e is re q uire d in accord ance with p xxx e nt e le ctrical p ractice s, or (iv) the p xxxxx s ag re e othe rwise in writing . Se lle r shall p rovid e its outag e sche d ule no late r than Se p te mb e r 1st of each year p reced ing such outag e (s). The outag e sched ule for each Contract Yea r shall not e xceed 240 hours. RPS Comp liance: Se lle r shall e nsure the Facility ob tains O re g on RPS Ce rtification within nine ty (90) d ays of the Comme rcial O p e ration Date and shall maintain such ce rtification d uring the De live ry Te rm. La b or Requirement: All p roje ct lab or must comp ly with the re q uire ments of O reg on House Bill 2021, as ap p licab le . Union lab or must b e utilize d for major construction activitie s re late d to the Facility and must includ e a Project Lab or Ag reement req uirement in any re la xxx e xecuted Eng ine e ring , Procure me nt and Construction Ag reements. The lab or g roup that constructs and maintains the Facility must have p olicie s in p lace that are d e sig ne d to limit or p re ve nt workp lace harassme nt and d iscrimination. Ad d itionally, such lab or g roup must have p olicie s in p lace that are d e sig ne d to p romote workp lace d ive rsity, e q uity and inclusion of communitie s who have b e e n trad itionally und e rre p re se nte d in the xxxx wab le ene rg y sector includ ing , b ut not limited to, wome n, ve xx xxxx and Black, Ind ig enous and Pe op le of Color, with an asp irational g oal of having at le ast fifte e n (15) p e rce nt of the total work hours p e rforme d b y ind ivid uals from those communitie s. Buye r Conditions Precedent: Buye r’s ob lig ations shall b e cond itione d and will b e come e ffective only up on the occurrence of each and e ve ry one of the fo llowin...
