ZEC Program definition

ZEC Program means the zero-emissions credit requirement program as established by the PSC through the CES Order and administered by NYSERDA and its designated NYGATS administrator in accordance with the NYGATS Operating Rules.
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Examples of ZEC Program in a sentence

  • The ZEC Purchase Obligations may be based on initial load forecasts with reconciliations made at the end of each ZEC Program Year by NYSERDA.

  • Such allocation will be based on the forecasted kilowatt-hours load of the PP program to be served by the Authority in relation to the forecasted total kilowatt-hours load served by the Authority (total Authority LSE load) for each ZEC Program Year.

  • In addition, any balance resulting from the ZEC Program Year-end reconciliation of ZEC Purchase Obligations will be allocated to the PP power program based on the proportion of the actual annual kilowatt-hours load served under such programs to total actual annual kilowatt-hours load served by the Authority (total Authority LSE load).

  • In addition, any balance resulting from the ZEC Program Year-end reconciliation of the ZEC Purchase Obligation referenced above will be passed through to the Customer based on the proportion of the Customer’s annual kilowatt-hours load purchased under this Agreement to total annual kilowatt-hours load served under the PP power program by the Authority (PP Program level load).

  • Notwithstanding NYSERDA’s obligation pursuant to Section 4.5 to enforce agreements to ensure that it can meet its obligations hereunder, NYSERDA shall not be obligated to purchase ZECs to the extent it does not have sufficient funds (from those referenced in the immediately preceding sentence) to do so, including in the event that NYSERDA, LSEs or EDCs are precluded by a court of competent jurisdiction from fulfilling their respective obligations under the ZEC Program.

  • 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.

  • Seller shall promptly notify NYSERDA if it becomes aware of any damage to or loss of use of the Facility that could reasonably be expected to materially adversely affect the Facility and its ability to generate electricity and pursuant to the ZEC Program the subsequent creation of ZECs related to such generation.

  • The Parties’ respective obligations under this Agreement are expressly conditioned on the eligibility of Seller’s Facility under the ZEC Program, as of the Effective Date.

  • In the event the ZEC Program is Enjoined, either Party may terminate this Agreement pursuant to Section 13.1(e) and neither Party shall be required thereafter to perform any of the obligations under this Agreement.

  • If one or more proceedings are commenced or pending by or before any Governmental Authority seeking to modify, terminate, amend, alter, avoid or invalidate any of the CES Order related to this Agreement or this Agreement, or any material provision thereof, the Parties shall continue to perform all of their respective obligations hereunder until such time that the Commission’s decision on the CES Order and ZEC Program is final and non-appealable (“Final CES Order”).