Applicable Environmental Attribute Program definition

Applicable Environmental Attribute Program means a mandatory or voluntary domestic, international or foreign renewable energy, or other program, system, scheme, or organization, with respect to a market, registry or reporting for Environmental Attributes.
View Source
Applicable Environmental Attribute Program means any renewable portfolio standard or other renewable energy or environmental attribute required compliance program, any voluntary renewable energy or environmental attribute compliance program and any other renewable energy or environmental attribute program or monitoring, tracking, certification or trading system, in each case for which the Facility, Contract Capacity, Storage Capacity, Contract Energy, Storage Energy or Environmental Attributes are eligible, including, as of the Effective Date, the Applicable Guaranteed Programs.
View Source
Applicable Environmental Attribute Program means any renewable portfolio standard or other renewable energy or environmental attribute required compliance program, any voluntary renewable energy or environmental attribute compliance program and any other renewable energy 2 NTD: Insert P50 quantity from Bidder’s proposal. 3 NTD: Insert quantity equal to at least the P90 quantity from Bidder’s proposal. or environmental attribute program or monitoring, tracking, certification or trading system, in each case for which the Facility, Contract Capacity, Storage Capacity, Contract Energy, Storage Energy or Environmental Attributes are eligible, including, as of the Effective Date, the Applicable Guaranteed Programs.
View Source

More Definitions of Applicable Environmental Attribute Program

Applicable Environmental Attribute Program means any renewable portfolio standard or other renewable energy or environmental attribute required compliance program, any voluntary renewable energy or environmental attribute compliance program and any other renewable energy or environmental attribute program or monitoring, tracking, certification or trading system, in each case for which the Facility or any Product is eligible or would be eligible but for the negligence (including gross negligence), fraud, willful misconduct or other act or omission of Seller, its Affiliates or Subcontractors, or any of their respective directors, officers, partners, members, trustees, employees, agents or representatives.
View Source

Related to Applicable Environmental Attribute Program

  • Environmental Attribute means an aspect, claim, characteristic or benefit associated with the generation of a quantity of electricity by a Renewable Energy Facility, other than the electric energy produced, and that is capable of being measured, verified or calculated. An Environmental Attribute may include one or more of the following identified with a particular megawatt hour of generation by a Renewable Energy Facility designated prior to Delivery: the Renewable Energy Facility’s use of a particular Renewable Energy Source, avoided NOX, SO X, CO2 or greenhouse gas emissions, avoided water use (but not water rights or other rights or credits obtained pursuant to requirements of Applicable Law in order to site and develop the Renewable Energy Facility itself) or as otherwise defined under an Applicable Program, or as agreed by the Parties. Environmental Attributes do not include production tax credits or other direct third-party subsidies for generation of electricity by any specified Renewable Energy Facility.

  • Environmental Attributes excludes electric energy and capacity produced, but means any other emissions, air quality, or other environmental attribute, aspect, characteristic, claim, credit, benefit, reduction, offset or allowance, howsoever entitled or designated, resulting from, attributable to or associated with the generation of a renewable energy resource or low-carbon resource now or in the future eligible for procurement under Illinois law (See 20 ILCS 3855/1-56, 20 ILCS 3855/1-75, et seq.), whether existing as of the Effective Date or in the future, and whether as a result of any present or future local, state or federal laws or regulations or local, state, national or international voluntary program, as well as any and all generation attributes under any and all international, federal, regional, state or other law, rule, regulation, bylaw, treaty or other intergovernmental compact, decision, administrative decision, program (including any voluntary compliance or membership program), competitive market or business method (including all credits, certificates, benefits, and emission measurements, reductions, offsets and allowances related thereto) that are attributable, now or in the future; and further, means: (a) any such credits, certificates, benefits, offsets and allowances computed on the basis of the Designated System’s generation using renewable technology or displacement of fossil-fuel derived or other conventional energy generation; (b) any certificates or credits issued pursuant to the PJM-EIS GATS or M-RETS in connection with energy generated by the Designated System; and (c) any voluntary emission reduction credits obtained or obtainable by Seller in connection with the generation of energy by the Designated System; provided, however, that Environmental Attributes shall not include: (i) any production tax credits; (ii) any investment tax credits or other tax credits associated with the construction or ownership of the Designated System; or (iii) any state, federal or private grants relating to the construction or ownership of the Designated System or the output thereof.