The Maverick Solar, LLC power purchase agreement is consistent with Southern California Edison Company’s 2015 Renewables Portfolio Standard (RPS) Procurement Plan, as approved by D.15-12-025. The Maverick Solar, LLC power purchase agreement was evaluated consistent with the Least-Cost, Best-Fit methodology described in Southern California Edison’s 2015 Renewables Portfolio Standard Procurement Plan. The Maverick Solar, LLC power purchase agreement compares favorably from a net market value and cost basis relative to Renewables Portfolio Standard offers received in Southern California Edison’s 2015 Renewables Portfolio Standard solicitation and comparable contracts executed by Southern California Edison in the 12 months prior to the execution of this power purchase agreement. Payments made by Southern California Edison under the Maverick Solar, LLC power purchase agreement are fully recoverable in rates over the life of the power purchase agreement, subject to Commission reasonableness review of Southern California Edison’s administration of the power purchase agreement and any other conditions contained herein or required by law. The Maverick Solar, LLC power purchase agreement includes the Commission adopted Renewables Portfolio Standard “non-modifiable” standard terms and conditions, as set forth in D.08-04-009, D.08-08-028, D.10-03-021, as modified by D.11-01-025, and D.13-11-024. Consistent with D.11-12-052, Southern California Edison provided information in the Maverick Solar Advice Letter 3562-E regarding the expected portfolio content category classification of the renewable energy credits to be procured pursuant to the Maverick Solar, LLC power purchase agreement. Because the Maverick Solar, LLC power purchase agreement is greater than 10 years in length, the long-term contracting requirement does not apply to
The Maverick Solar, LLC power purchase agreement is consistent with Southern California Edison Company’s 2015 Renewables Portfolio Standard (RPS) Procurement Plan, as approved by D.15-12-025. The Maverick Solar, LLC power purchase agreement was evaluated consistent with the Least-Cost, Best-Fit methodology described in Southern California Edison’s 2015 Renewables Portfolio Standard Procurement Plan. The Maverick Solar, LLC power purchase agreement compares favorably from a net market value and cost basis relative to Renewables Portfolio Standard offers received in Southern California Edison’s 2015 Renewables Portfolio Standard solicitation and comparable contracts executed by Southern California Edison in the 12 months prior to the execution of this power purchase agreement. Payments made by Southern California Edison under the Maverick Solar, LLC power purchase agreement are fully recoverable in rates over the life of the power purchase agreement, subject to Commission reasonableness review of Southern California Edison’s administration of the power purchase agreement and any other conditions contained herein or required by law. The Maverick Solar, LLC power purchase agreement includes the Commission adopted Renewables Portfolio Standard “non-modifiable” standard terms and conditions, as set forth in D.08-04-009, D.08-08-028, D.10-03-021, as modified by D.11-01-025, and D.13-11-024. Consistent with D.11-12-052, Southern California Edison provided information in the Maverick Solar Advice Letter 3562-E regarding the expected portfolio content category classification of the renewable energy credits to be procured pursuant to the Maverick Solar, LLC power purchase agreement. Because the Maverick Solar, LLC power purchase agreement is greater than 10 years in length, the long-term contracting requirement does not apply to
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