Treatment of Performance Assurance in Connection with Interconnection Clause Samples

The 'Treatment of Performance Assurance in Connection with Interconnection' clause defines how performance standards and guarantees are managed when two parties' networks or systems are interconnected. It typically outlines the metrics, monitoring procedures, and remedies if performance falls below agreed thresholds, such as service credits or corrective actions. This clause ensures that both parties maintain reliable service levels at the interconnection point, thereby minimizing disputes and promoting accountability for network performance.
Treatment of Performance Assurance in Connection with Interconnection. Cost Estimates.
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Treatment of Performance Assurance in Connection with Interconnection. Cost Estimates Upon Seller’s request, 75% of Performance Assurance associated with a Designated System will be refundable if, prior to the Energization of that Designated System, an Interconnection Customer (as defined in Section 466.30 of Title 83 of the Illinois Administrative Code) seeking to interconnect the Designated System receives from the interconnecting utility a non-binding estimate of costs to construct the interconnection facilities and any required distribution upgrades for that Designated System in an amount exceeding 30 cents per watt AC of the Designated System’s Proposed Nameplate Capacity. To obtain such refund, Seller’s request must be made to Buyer and IPA within 14 days of having received the subject interconnection cost estimate and must be accompanied by a) documentation substantiating the cost estimate and b) a request to withdraw the Designated System from the REC Contract (or, in the case of a REC Contract featuring a single Designated System, a request to terminate the REC Contract). Upon the recognition of such request and substantiation of the interconnection cost estimate applicable to the Designated System, Buyer shall remove the Designated System and the RECs associated with such Designated System from this REC Contract and refund 75% of the Performance Assurance associated with that Designated System. In all such cases, the remaining 25% of Performance Assurance associated with that Designated System would be permanently forfeited and could not be applied to a new SFA application for the Designated System. Upon removal of the Designated System, the affected Product Order(s), including Schedule A to Exhibit A and Schedule C to Exhibit A, will be revised to account for the removal of that Designated System, with all required information to be provided by IPA.”
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Treatment of Performance Assurance in Connection with Interconnection. Cost Estimates Upon Seller’s request, 75% of Performance Assurance will be refundable if, prior to the Energization, an Interconnection Customer (as defined in Section 466.30 of Title 83 of the Illinois Administrative Code) seeking to interconnect the Project receives from the interconnecting utility a non-binding estimate of costs to construct the interconnection facilities and any required distribution upgrades in an amount exceeding 30 cents per watt AC of the Project’s Proposed Nameplate Capacity. To obtain such refund, Seller’s request must be made to Buyer and the IPA within ten (10) Business Days of having received the subject interconnection cost estimate and must be accompanied by a) documentation substantiating the cost estimate and b) a request to terminate the Agreement. Upon the recognition of such request and substantiation of the interconnection cost estimate, Buyer shall terminate the Agreement and refund 75% of the Collateral Requirement. In all such cases, the remaining 25% of Collateral Requirement would be permanently forfeited.”
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Treatment of Performance Assurance in Connection with Interconnection. Cost Estimates. Commented [SD9]: I suggest better defining “the waitlist.” [Looking at P.A. 102-0662 at page 345, a possible definition could be the IPA’s applicable ordinal waitlist as of December 31, 2020.] There could potentially (maybe with low probability) be new ABP community solar waitlists in future years, but this contract could, conceivably (maybe also with low probability) still be actively used for new projects at that time.
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Related to Treatment of Performance Assurance in Connection with Interconnection

  • Monitoring of Performance Vendor shall continuously monitor and record its performance to ensure that all of Vendor's responsibilities and obligations hereunder are being met and fulfilled. Citizens may conduct programmatic and other administrative contract monitoring during the term of this Agreement. The purpose of this monitoring is to ensure that all of Vendor's responsibilities and obligations are being met and fulfilled. Such monitoring may include on-site visits, report reviews, invoice reviews, compliance reviews, and a review of any other areas reasonably necessary. Vendor acknowledges and agrees that Citizens may also monitor and record Vendor Staff communications to the extent they occur within or are connected to any Citizens’ resource, such as electronic or telecommunications systems.

  • CERTIFICATION REGARDING CERTAIN FOREIGN-OWNED COMPANIES IN CONNECTION WITH CRITICAL INFRASTRUCTURE (Texas law as of September 1, 2021) By submitting a proposal to this Solicitation, you certify that you agree to the following required by Texas law as of September 1, 2021: Proposing Company is prohibited from entering into a contract or other agreement relating to critical infrastructure that would grant to the company direct or remote access to or control of critical infrastructure in this state, excluding access specifically allowed by the Proposing Company for product warranty and support purposes. Company, certifies that neither it nor its parent company nor any affiliate of company or its parent company, is (1) owned by or the majority of stock or other ownership interest of the company is held or controlled by individuals who are citizens of China, Iran, North Korea, Russia, or a designated country; (2) a company or other entity, including governmental entity, that is owned or controlled by citizens of or is directly controlled by the government of China, Iran, North Korea, Russia, or a designated country; or (3) headquartered in China, Iran, North Korea, Russia, or a designated country. For purposes of this contract, “critical infrastructure” means “a communication infrastructure system, cybersecurity system, electric grid, hazardous waste treatment system, or water treatment facility.” See Tex. Gov’t Code § 2274.0101(2) of SB 1226 (87th leg.). The company verifies and certifies that company will not grant direct or remote access to or control of critical infrastructure, except for product warranty and support purposes, to prohibited individuals, companies, or entities, including governmental entities, owned, controlled, or headquartered in China, Iran, North Korea, Russia, or a designated country, as determined by the Governor.

  • Commencement of Performance This Agreement is of no force and effect until signed by both parties and all JBE-required approvals are secured. Any commencement of performance prior to Agreement approval shall be at Contractor's own risk.

  • Standard of Performance Consultant represents and warrants that it has the qualifications, experience and facilities necessary to properly perform the services required under this Agreement in a thorough, competent and professional manner. Consultant shall at all times faithfully, competently and to the best of its ability, experience and talent, perform all services described herein. In meeting its obligations under this Agreement, Consultant shall employ, at a minimum, generally accepted standards and practices utilized by persons engaged in providing services similar to those required of Consultant under this Agreement.

  • Standard and Manner of Performance Contractor shall perform its obligations under this Agreement in accordance with the highest standards of care, skill and diligence in Contractor’s industry, trade, or profession. Not Exclusive. Contractor is not guaranteed any work except as expressly stated herein, and this Agreement does not create an exclusive contract for the Work.