CC PACKET 05242016 - Laserfiche WebLink

Home Browse Search

ARTICLE 1 SUBSCRIPTION 1.1 Subscribing to Project Capacity. You are subscribing to the Community Solar Garden Allocation (“CSG Allocation”) identified for each Project on the front page of this Agreement on the terms and conditions set forth herein. 1.2 Bill Credit Value. As more fully detailed in the SRC Contract, your CSG Allocation entitles you to receive a Bill Credit against your monthly retail electrical bill equal to the product of (i) the amount of your Subscribed Energy for each Production Month, and (ii) your applicable Bill Credit Rate. Bill Credits are the dollar amounts paid by NSP to you as a credit on your retail electric bill to compensate you for your beneficial share of the solar electricity produced by the Project and delivered to NSP from the Project. 1.3 Bill Credit Rate. Bill Credit Rates are found in the CSG Tariff. The Bill Credit Rates in effect as of the Effective Date are as follows: Customer Class Bill Credit Type Bill Credit Rate per kWh (AC) Small General Service Standard $0.12229 Enhanced – Solar Garden > 250 KW (AC) $0.14229 General Service Standard $0.09740 Enhanced – Solar Garden > 250 KW (AC) $0.11740 Your Bill Credit Rate will be updated annually (or otherwise as provided by order of the MPUC) during the Term only to reflect any updates in the applicable retail rate (labeled the “Standard” rate in the chart above) with respect to your customer class, as reflected in the CSG Tariff. The amount of the CSG “Enhanced” rate premium over the Standard rate reflects the value of the Project’s RECs sold and delivered by us to NSP. Per the CSG Tariff, the amount of CSG “Enhanced” rate premium over the Standard rate will not change over the Term. The Bill Credit Type, current Bill Credit Rates, and current Sunscription Rates are located in Exhibit C, which is attached and incorporated by reference. 1.4 Subscribed Energy. The estimated amount of Subscribed Energy produced by your CSG Allocation over the Term is set forth in Exhibit D. 1.5 Sunscription Rate and Payments. (a) Your Sunscription Rate for each Project for each Production Month is $0.1179/kWh for each of your General Service accounts. (b) The monthly payment amount you owe to US Solar (each, a “Sunscription Payment”) is equal to the product of (i) your Subscribed Energy produced in a given Production Month, and (ii) your Sunscription Rate. (c) We will invoice you monthly for your Sunscription Payments, beginning the first month after the Date of Commercial Operation (“COD”) of each particular Project, and you agree to make the full monthly Sunscription Payment within thirty (30) days of receiving our invoice. 84