PTC definition

PTC means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

PTC means the production tax credit established pursuant to Section 45 of the United States Internal Revenue Code of 1986.

PTC means a power trading company, which is an electricity trader who has been granted a license to undertake trading in electricity under Section 12 of the Electricity Act, 2003.

Examples of PTC in a sentence

• All funds in the PTC Proceeds Escrow Accounts shall be distributed in accordance with Section 5.3(b)(i) or treated as an offset to a capital call obligation in accordance with Section 5.3(b)(ii).

• At the direction of LAC, the Company shall distribute to LAC any portion of the funds then available in the LAC PTC Proceeds Escrow Account, retain any portion of such funds, or use such funds in the manner described in Section 5.3(b)(ii).

• After the Release Date, prior to any subsequent LAC Credit Transfer Transaction or any Direct Pay Election, the Company shall establish an escrow account with terms and conditions (including with respect to the release of funds) satisfactory to LAC in its sole discretion (the “LAC PTC Proceeds Escrow Account” and, together with the GM PTC Proceeds Escrow Account, the “PTC Proceeds Escrow Accounts”).

More Definitions of PTC

PTC means a renewable electricity production credit within the meaning of Code Section 45 or any successor to such section.

PTC means Participants Trust Company, a New York limited purpose trust company.

PTC means PVUSA test Conditions. "PV" means photovoltaic.

PTC means the renewable energy production tax credit pursuant to Section 45 of the

PTC means production tax credits under Section 45 of the Code.

PTC means Pacific Thomas Corporation.

PTC means the energy credit under Section 45 of the Code.