ZEC Cap definition

ZEC Cap means 27,618,000, the maximum number of ZECs that NYSERDA is obligated to purchase for the year 2017 compliance period.
View Source
ZEC Cap means 27,618,000 ZECs, the published annual maximum number of ZECs that NYSERDA is obligated to purchase.
View Source

Examples of ZEC Cap in a sentence

  • If, during any subsequent Tranche, the Nuclear Group generates in the aggregate an amount of electric energy sufficient to support the creation of ZECs pursuant to the ZEC Program in an amount at or above the new lower cap and obligation, the Annual ZEC Cap Amount and Tranche Cap Amount will be restored for the Nuclear Group in subsequent Tranches.

  • If a Permanent Cessation of Operations occurs with respect to the ▇▇▇▇▇▇▇▇▇▇▇ Facility prior to the ▇▇▇▇▇▇▇▇▇▇▇ Facility becoming part of the Nuclear Group, then, effective on the date of the facility’s Permanent Cessation of Operations, the Annual ZEC Cap Amount and the Tranche Cap Amount shall be modified in accordance with their respective definitions in Article I.

  • If, during the Contract Term, the Seller enters into an agreement with an LSE for the sale of ZECs, the Annual ZEC Cap Amount and the Tranche Cap Amount, as the case may be, shall be reduced by the same number of ZECs that Seller contracts to sell to the LSE; provided that, for the Tranche in which the effective date of such contract occurs, such modifications shall be made on a pro rata basis.

  • If a Permanent Cessation of Operations occurs with respect to (a) the ▇▇▇▇▇▇▇▇▇▇▇ Facility after the ▇▇▇▇▇▇▇▇▇▇▇ Facility becomes part of the Nuclear Group or (b) the Nine Mile Facility, then effective on the date of the facility’s Permanent Cessation of Operations, the Annual ZEC Cap Amount and the Tranche Cap Amount shall be reduced by the Cessation ZEC Reduction Amount and Cessation Tranche Reduction Amount, respectively.

  • If a Permanent Cessation of Operations occurs with respect to (a) the ▇▇▇▇▇▇▇▇▇▇▇ Facility after the ▇▇▇▇▇▇▇▇▇▇▇ Facility becomes part of the Nuclear Group or (b) the ▇▇▇▇▇ Facility, then effective on the date of the facility’s Permanent Cessation of Operations, the Annual ZEC Cap Amount and the Tranche Cap Amount shall be reduced by the Cessation ZEC Reduction Amount and Cessation Tranche Reduction Amount, respectively.

  • Subject to Section 2.7, Seller will Deliver, on a quarterly basis via NYGATS, the ZEC Certificates, in a proportionate share of the ZECs actually owned by NYSERDA at the conclusion of such quarter, the proportion being equal to the ZEC Cap divided by the LSE’s ZEC Quantity.

  • If, during the Contract Term, the Seller enters into an agreement with an LSE for the sale of ZECs, the Annual ZEC Cap Amount and the Tranche Cap Amount, as the case may be, shall be reduced by the same EXECUTION VERSION number of ZECs that Seller contracts to sell to the LSE; provided that, for the Tranche in which the effective date of such contract occurs, such modifications shall be made on a pro rata basis.