AEPS definition
Examples of AEPS in a sentence
Seller desires to sell and deliver to Buyer, and Buyer desires to purchase and receive, Energy, Capacity and SPAECs generated by, or associated with, the Facility (collectively, the “Products”) in order to satisfy Buyer’s obligations under the Competition Act and AEPS Act, subject to the terms and conditions set forth herein.
Other capitalized terms not set forth in this section are defined elsewhere in this Agreement or have the meaning ascribed to them by the Competition or the AEPS Act. AEPS Act or Alternative Energy Portfolio Standards Act has the meaning set forth in the Recitals, and, among other things, requires Buyer to obtain alternative energy credits corresponding to electricity generated from Solar Photovoltaic Alternative Energy Sources equal to a stipulated percentage of the total electric energy sold by Buyer.