Examples of Statement of Qualification in a sentence
The Owner or Authorized Agent of a STGU shall comply with the provisions of this tariff through the end of the period during which the STGU is eligible to receive Incentive Payments pursuant to Section 7.0. Only the STGU described on the Statement of Qualification is eligible to participate under this tariff.
The VOE applicable to the STGU will be specified on the Statement of Qualification, as provided by the Company in Appendix A to this tariff and will not change during the period of time during which the STGU is receiving Incentive Payments, unless directed to change by the DOER.
If the Owner or Authorized Agent or the Company receives confirmation from the DOER that the Owner’s Statement of Qualification has been suspended or revoked, or if the Owner or Authorized Agent has failed to satisfy the Owner’s obligations under this tariff, the Company may elect to terminate its obligations under this tariff.
Incentive Payments to Standalone STGUs will be in accordance with the formula specified in 225 CMR20.08 and will be calculated for each monthly billing period as follows: IP=(BCR + CRA – GS) * kWhgen – VOEWhere IP=Incentive Payment.BCR=Base Compensation Rate applicable to the STGU as specified in the STGU’s Statement of Qualification.
Incentive Payments to Behind-the-Meter STGUs will be in accordance with the formula specified in 225 CMR 20.08 and will be calculated for each monthly billing period as follows: IP=(BCR + CRA – GS – VOEr) * kWhgenWhere IP=Incentive Payment.BCR=Base Compensation Rate applicable to the STGU as specified in the STGU’s Statement of Qualification.