REC Program definition
Examples of REC Program in a sentence
Municipality understands that for any supply to Participating Customers the Fixed Price includes NY Public Policy Transmission Costs at a rate of $0.00440/kWh. Rates for NY Tier 2 REC Program Costs and additional transmission charges as may be assessed by New York State pursuant to the “Order Approving Phase 2 Areas Of Concern Transmission Upgrades” issued by the PSC on February 16, 2023 (“NY CFC Transmission Costs”) are unknown at the time of bidding and therefore are not included in the Fixed Price.
The REC Program is a privatized remediation program and the work is independent from state oversight.
However, the REC Program has streamlined a process for this type of site.
Once the RAP is approved, soil contamination is removed, and/or institutional controls are recorded, a soil remedial action completion (RAC) report must be submitted to the REC Program within 6 months of the executed AA.
If interested in this option, contact the REC Program staff for a copy of this special REC agreement.
Submit the signed AA, RI report and signed work‐phase completion form, and a check for $3,000 to the REC Program.
The IHSB does not have the staff resources to dedicate to reviewing lower risk cases outside of its privatized oversight program, known as the Registered Environmental Consultant Program (REC Program).
For the avoidance of doubt, the reconciled annual REC Compliance Charge for a Full Requirements Customer can never exceed the Full Requirements Customer’s total annual load multiplied by the Annual REC Percentage Target for that year multiplied by NYSERDA’s published REC price for the REC Program Year.
Upon no less than twenty (20) Business Days’ advance notice, Buyer may request Seller provide Buyer or Buyer’s designee evidence of the transfer of the RECs on a quarterly basis during the Delivery Term in an Environmental Attributes Attestation and Bill of Sale substantially in the form attached as Exhibit I or, as applicable, an attestation that is the then-currently required attestation of the Applicable REC Program.
It sounds like the site will be ok for the REC Program, but ▇▇▇▇▇▇ did not know for sure about receptors or whether or not if a Site Conditions Questionnaire had been completed for the release.