Portfolio Content Category 1 definition
Examples of Portfolio Content Category 1 in a sentence
Furthermore, Seller hereby sells and conveys all Green Attributes associated with the Product produced from the Generating Facilities (other than resource adequacy attributes and ancillary services) to Purchaser as part of the Portfolio Content Category 1 Product being delivered.
If a change of law occurs after execution of the PPA that impacts Facility’s CEC certification or the Product’s qualification as Portfolio Content Category 1, then Seller shall comply with such change of law as necessary to maintain the Facility CEC certification and Product eligibility described above.
Seller shall ensure that the Product qualifies as Portfolio Content Category 1 throughout the Delivery Term.
Specifications for Portfolio Content Category 1 are described in California Public Utilities Code §399.16, California Public Utilities Commission Decision ▇▇-▇▇-▇▇▇, and other applicable statutes, regulations, and regulatory orders.
If Seller fails to achieve the Guaranteed Energy Production amount in any Performance Measurement Period, Seller shall pay Buyer liquidated damages equal to (i) the difference between the Guaranteed Energy Production and the Adjusted Energy Production, multiplied by (ii) difference between (A) the replacement price for bundled Portfolio Content Category 1 renewable energy and RECs of the same vintage and resource and (B) the Contract Price.
Seller shall ensure that the Facility Energy and associated RECs qualify as Portfolio Content Category 1 throughout the Delivery Term.
If a change of law occurs after the Effective Date that affects the Facility’s CEC certification, the Facility Energy’s (and associated RECs’) qualification as Portfolio Content Category 1, or the Product’s eligibility to qualify for or maintain Resource Adequacy, then Seller shall use commercially reasonable efforts to comply with such change of law as necessary to maintain the Facility’s CEC certification and Product eligibility described above, subject to the following sentence.
Seller shall ensure that the Generating Facility Energy and associated RECs qualify as Portfolio Content Category 1 throughout the Delivery Term.
The SFPUC seeks proposals that include renewable energy products meeting the delivery requirements established for Portfolio Content Category 1 (“PCC 1”) and Portfolio Content Category 2 (“PCC 2”).
For the compliance period beginning January 1, 2011, and ending December 21, 2013, a local publicly owned electric utility must demonstrate it procured electricity products such that at least an average of 20 percent of its retail sales over the compliance period came from eligible renewable energy resources, and at least 50 percent of electricity products procured must meet the definition of Portfolio Content Category 1 (Cal.