Replacement RECs definition

Replacement RECs means any generation or environmental attributes, including any Certificates or other certificates or credits related thereto reflecting generation by a Newly Developed Renewable Energy Resource that are purchased by Buyer as replacement for any Delivery Shortfall.
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Replacement RECs means any generation or environmental attributes, including any Certificates or other certificates or credits related thereto reflecting generation by a RPS Class I Renewable Generation Unit that are purchased by Buyer as replacement for any Delivery Failure.
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Replacement RECs means any generation or environmental attributes, including any Certificates or other certificates or credits related thereto reflecting generation by a RPS Class I Renewable Generation Unit that are purchased by Buyer as replacement for any Delivery Shortfall; provided, however, that if the Facility ceases to qualify as a RPS Class I Renewable Generation Unit solely as a result of a change in Law and Seller is unable, using commercially reasonable efforts, to continue the Facility’s qualification as a RPS Class I Renewable Generation Unit after that change in Law, “Replacement RECs” shall mean Environmental Attributes including any Certificates or other certificates or credits related thereto reflecting generation by a generating facility having all of the same relevant Environmental Attributes as the Facility and satisfying the other renewable portfolio standards and renewable energy standards for which the Facility is qualified at such time pursuant to Section 4.7(c), that are purchased by Buyer as a replacement for any Delivery Shortfall.
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Examples of Replacement RECs in a sentence

  • Company shall supply Replacement RECs that were generated within 5 years preceding the year of such reduction or curtailment.

  • WMRE shall provide City Light with Replacement RECs in an amount equal to the number of MWh by which the Energy in any Contract Year (except for the first Contract Year) is less than the Guaranteed Output.

  • The amount drawn from the REC Collateral by Party B will be limited to that amount equal to the total cost of acquiring sufficient Replacement RECs, of identical type to those contracted for under this PPA, to eliminate any existing REC shortfall in any given Delivery Year.

  • In the event the Company determines that Replacement RECs are not reasonably available, Company shall notify Customer of the same by June 1 of the following calendar year and shall credit or pay to Customer the Green Tags Price Component for all such non-replaced RECs within 60 days of such notification.

  • In the event REC Supplier defaults under, or terminates, the RPA prior to the termination of this ESA, Competitive Supplier shall procure and provide Replacement RECs for the continuing term of the ESA sufficient to support the Municipality’s opt-out and opt-in programs as described in Exhibit A of the RPA.

  • No later than February 10 of each Contract Year, beginning with the third Contract Year, City Light shall inform WMRE by written notice showing City Light’s computation of the number of Replacement RECs due City Light from WMRE for the prior Contract Year.

  • In the event that Party A is unable to provide the specified quantities of RECs and instead, provides Replacement RECs as specified in this PPA, the Unit Specific requirement will not be applicable.

  • No later than May 31 WMRE shall provide the Replacement RECs to City Light.

  • No payment will be made by Party B for such Replacement RECs. Replacement RECs must be of the same type (wind, solar, landfill, etc.) and locational preference (Illinois and adjacent State, non-adjacent State) as the RECs provided under this PPA.

  • In the event that Replacement RECs of the same resource type, location and vintage are not practically available for Party B to acquire, then Party B shall draw on the REC Collateral in an amount equal to the Alternative Payment.


More Definitions of Replacement RECs

Replacement RECs means tradable credits or certificates that meet the definition of Renewable Energy Credit pursuant to Chapter 19.285 of the Revised Code of the State of Washington in effect as of the date of signing of this Agreement.
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Replacement RECs means any generation or environmental attributes, including any Certificates or other certificates or credits related thereto reflecting generation by a
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Replacement RECs means any generation or environmental attributes, including any Certificates or other certificates or credits related thereto reflecting generation by a RPS Class I Renewable Generation Unit that are purchased by Buyer as replacement for any Delivery Shortfall; provided, however, that if the Facility ceases to qualify as a RPS Class I Renewable Generation Unit solely as a result of a change in Law and Seller is unable, using commercially reasonable efforts, to continue the Facility’s qualification as a RPS Class I Renewable Generation Unit after that change in Law, “Replacement RECs” shall mean Environmental Attributes including any Certificates or other certificates or credits related thereto reflecting generation by a generating facility having all of the same relevant Environmental Attributes as the Facility and satisfying the other renewable portfolio standards and renewable energy standards for which the Facility is determined eligible at such time pursuant to Section 4.7(c), that are purchased by Buyer as a replacement for any Delivery Shortfall.
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Replacement RECs means any generation or environmental attributes, including any Certificates or other certificates or credits related thereto reflecting generation by a RPS Class I Renewable Generation Unit that are purchased by Buyer as replacement for any Delivery Shortfall; provided, however, that if the Facility ceases to qualify as a RPS Class I Renewable Generation Unit solely as a result of a change in Law and Seller is unable, using commercially reasonable efforts, to continue the Facility’s qualification as a RPS Class I Renewable Generation Unit after that change in Law, “Replacement RECs” shall mean Environmental Attributes including any Certificates or other certificates or credits related thereto reflecting generation by a generating facility having all of the same relevant Environmental Attributes as the Facility and satisfying the other renewable portfolio standards and renewable energy standards for which the Facility is † Without limiting the generality of the note on the cover page, each distribution company reserves the right to include in any power purchase agreement provisions that address the Parties’ rights with respect to a constitutional challenge to Section 83 of the Green Communities Act and/or applicable regulations issued by the MDPU under Section 83 of the Green Communities Act. qualified at such time pursuant to Section 4.7(c), that are purchased by Buyer as a replacement for any Delivery Shortfall.
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Replacement RECs means any generation or environmental attributes, including any Certificates or other certificates or credits related thereto reflecting generation by a RPS Class I Renewable Generation Unit that are purchased by Buyer as replacement for any Delivery Shortfall; provided, however, that if the Facility ceases to qualify as a RPS Class I Renewable Generation Unit solely as a result of a change in Law and Seller is unable, using commercially reasonable efforts, to continue the Facility’s qualification as a RPS Class I Renewable Generation Unit after that change in Law, “Replacement RECs” shall mean Environmental Attributes including any Certificates or other certificates or credits related thereto reflecting generation by a generating facility having all of the same relevant Environmental Attributes as the Facility and satisfying the other renewable portfolio standards and renewable energy standards for which the Facility is
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Replacement RECs means any generation or environmental attributes, including any Certificates or other certificates or credits related thereto reflecting generation by a Newly Developed Renewable Energy Resource that are purchased by Buyer as replacement for any RECs not Delivered as required hereunder during the Services Term.
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Related to Replacement RECs

  • Replacement Aircraft means the Aircraft of which a Replacement Airframe is part.

  • Replacement Airframe means an Airbus A321 aircraft or a comparable or improved model of Manufacturer (except (a) Engines or engines from time to time installed thereon and any and all Parts related to such Engine or engines and (b) Excluded Equipment), that shall have been made subject to the Lien of the Indenture pursuant to Section 7.05 thereof, together with all Parts relating to such aircraft.

  • Replacement Engine means a [Engine Manufacturer and Model] engine (or an engine of the same or another manufacturer of a comparable or an improved model and suitable for installation and use on the Airframe with the other Engine (or any other Replacement Engine being substituted simultaneously therewith)) that shall have been made subject to the Lien of the Indenture pursuant to Section 7.04 or Section 7.05 thereof, together with all Parts relating to such engine, but excluding items installed or incorporated in or attached to any such engine from time to time that are excluded from the definition of Parts.

  • Replacement Facility means 1 of the following:

  • Replacement Date has the meaning set forth in Section 2.08(b).