REC definition

REC means a tradable credit that represents all Environmental Attributes of one (1) megawatt hour of energy produced from a Renewable Energy Source.

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REC means Renewable Energy Credit.

REC means a renewable energy credit or certificate under any state renewable portfolio, standard or federal renewable energy standard, voluntary renewable energy credit certified by a non-governmental organization, pollution allowance, carbon credit and any similar environmental allowance or credit and green tag or other reporting right under Section 1605(b) of The Energy Policy Act of 1992 and any present or future federal, state, or local law, regulation or bill, and international or foreign emissions trading program, in each case relating to the construction, ownership, use or production of energy from the System, provided that RECs shall not include Incentives.

Examples of REC in a sentence

• Seller releases PSE, its successors and assigns, and the respective directors, officers, employees, agents and representatives of PSE and its successors and assigns (collectively, the “PSE Group”) from all claims, losses, harm, liabilities, damages, costs, and expenses related to any property damage or personal injury (including death) that may result or occur in connection with Seller’s performance or failure to perform under this REC Agreement.

• Customer-Generator may appoint PSE as its REC reporting entity upon execution of the Optional Qualified Reporting Entity Service Agreement as set forth in the attached Exhibit E.

• Neither the validity of this REC Agreement nor the respective rights and obligations of the parties under this REC Agreement shall be affected to any extent if Seller ceases to be a customer of PSE during the Operating Period.

• No change, amendment, or modification of any provision of this REC Agreement shall be valid unless set forth in a written amendment to this REC Agreement signed by both of the parties.

• In no event shall total Compensation payable under this REC Agreement exceed _____________ Dollars ($_________) without the prior written consent of an authorized representative of PSE.

More Definitions of REC

REC has the meaning set forth in California Public Utilities Code Section 399.12(h) and CPUC Decision ▇▇-▇▇-▇▇▇, as may be amended from time to time or as further defined or supplemented by Law.

REC means regional education cooperative.

REC means Renewable Energy Certificate.

REC means a certificate, credit, allowance, green tag, or other transferable indicia, howsoever entitled, created by an applicable program or certification authority indicating generation of a particular quantity of energy, or product associated with the generation of a megawatt-hour (MWh) from a renewable energy source by a renewable energy Project.

REC. ’) means, as further described in

REC means any and all environmental credits, attributes and benefits, including greenhouse gas or emissions reductions and any associated credits, environmental air quality credits, offsets, allowances and benefits howsoever entitled, actual SO2, NOx, CO2, CO, Carbon, VOC, mercury, and other emissions avoided, credits towards achieving local, national or international renewable portfolio standards, green tags, and any and all other green energy or other environmental benefits associated with the generation of renewable energy (regardless of how any present or future law or regulation attributes or allocates such characteristics), including those created under the REST.

REC or “Renewable Energy Credit” means a certificate of proof associated with the generation of electricity from an Eligible Renewable Energy Resource, which certificate is issued through the accounting system established by the CEC pursuant to California Public Utilities Code Section 399.25 and satisfies the requirements of California Public Utilities Code Section 399.12(h), evidencing that one (1) MWh of energy was generated and delivered from such Eligible Renewable Energy Resource. Such certificate is a tradable environmental commodity (also known as a “green tag”) for which the owner of the REC can prove that it has purchased renewable energy.