SPAEC definition
SPAEC means an Alternative Energy Credit corresponding to the production of solar photovoltaic electricity as set forth in the AEPS Act.
Examples of SPAEC in a sentence
All Invoices to Buyer shall include the supporting documentation reasonably necessary to demonstrate how the Invoice amounts were calculated, including information from PJM to substantiate all calculations of the Energy delivered by Seller to the Delivery Point and GATS documentation of SPAEC transfers to Buyer, and any additional information reasonably requested by ▇▇▇▇▇ (including any information related to participation of the Facility in any capacity market operated by PJM).
Buyer shall have sole, exclusive and perpetual ownership of all SPAECs delivered to Buyer by Seller under this Agreement, including all rights to sell, assign, transfer, apply, or retire any SPAEC delivered to Buyer by Seller.