Retired RECs definition
Retired RECs means the quantity of RECs that (1) represent renewable generation in the prior period registered in accordance with tracking system rules and requirements, and (2) are retired by the utility in the tracking system in accordance with the tracking system rules and requirements, for the benefit of all of the utility’s customers prior to the calculation of the REP for such prior period. “Retired RECs” cannot include RECs that are obligated to specific entities or for purposes outside of this program. However, “retired RECs” does include RECs associated with any renewable energy mandates set forth in the Iowa Code.