Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

If the planned quantity is not met in the Second Solicitation, will the application of the developer cap be ignored or tempered?

April 26, 2017application cap Developer Ignored Met planned quantity Solicitation TEMPERED

0

Posted

If the planned quantity is not met in the Second Solicitation, will the application of the developer cap be ignored or tempered?

1 Answer

0

Posted

The Board has established that the developer cap across all solicitations in a given RPS Reporting Year will be set at 20% of the kW covered by the long term SREC PSAs entered into by ACE or JCP&L for that RPS Reporting Year. This directive for the 2010 RPS Reporting Year will apply to the awards for the first three solicitations under the SREC-Based Financing Program (“Program”). The Board has exempted RECO from this requirement. For this second solicitation, the Solicitation Manager will apply the developer cap to each Developer, whether or not the Developer is the Proponent. The Solicitation Manager will generally apply the developer cap for ACE and JCP&L so that the combined awards across the first two solicitations for a given EDC (ACE or JCP&L) that are associated with any one Developer, or any combination of affiliated Developers under the same majority ownership, do not exceed 20%. The Solicitation Manager may recommend to the Parties and to the Board that the application of th