Announcements


Indexed REC-43: When should the standing order be established?

As stated in Section 2.3 of Indexed REC Contract, “the Parties shall work together to establish an irrevocable Standing Order for the Project for the automatic recurring transfer of RECs to Buyer’s account in PJM-EIS GATS or M-RETS: (a) Seller, as transferor of the RECs, shall confirm the Standing Order request within the PJM-EIS GATS or M-RETS within thirty (30) days of: the Project’s Date of First Operation or June 1, 2022, whichever is later. Buyer, as transferee, shall accept the properly submitted Standing Order request within the PJM-EIS GATS or M-RETS within thirty (30) days of receipt of such properly submitted Standing Order request”.