BART 2017 Renewable RFP Exhibit C: Term Sheet Renewable Energy Request for Proposals Power Purchase Agreement Term Sheet This is an indicative Term Sheet (“Term Sheet”) that includes the key commercial terms and conditions that BART expects to be included in a power purchase agreement (“PPA”) that will be negotiated between selected Bidder(s) and BART as a result of the 2017 BART Renewable Energy Request for Proposals (“RFP”). It describes the sale from Seller to BART of energy and renewable energy credits associated with the output from the Facility. Until a definitive agreement is negotiated, approved by BART management and the BART Board of Directors, and signed and delivered, no party shall have any legal obligations, expressed or implied, or arising in any other manner, under this Term Sheet. Note that all reference to days refers to calendar days, not business days. Seller: [Seller Name] (if Seller is a Project LLC, please also provide parent name) Buyer: San Francisco Bay Area Rapid Transit District (“BART”) Facility: The [___] project, located in [County, State] as further described in Exhibit C-1. Installed Capacity: [____] MWAC For a new non-operational Facility, please indicate the expected Installed Capacity. Contract [____] MWAC Capacity: (Note: Buyer’s Contract Capacity shall equal the Buyer’s Output Share multiplied by final Installed Capacity and shall not be less than 5 MW) Buyer’s Output [XX%]. Share: Product: The Product includes all of the following: Delivered Energy: Buyer’s Output Share of the as-available electric energy generated by the Facility, delivered to the Delivery Point, as measured by California Independent System Operator (CAISO)-approved meters, pursuant to the Scheduling Requirements; Environmental Attributes: All renewable energy credits (“RECs”) and any other environmental attributes associated with Delivered Energy;
BART 2017 Renewable RFP Exhibit C: Term Sheet Renewable Energy Request for Proposals Power Purchase Agreement Term Sheet This is an indicative Term Sheet (“Term Sheet”) that includes the key commercial terms and conditions that BART expects to be included in a power purchase agreement (“PPA”) that will be negotiated between selected Bidder(s) and BART as a result of the 2017 BART Renewable Energy Request for Proposals (“RFP”). It describes the sale from Seller to BART of energy and renewable energy credits associated with the output from the Facility. Until a definitive agreement is negotiated, approved by BART management and the BART Board of Directors, and signed and delivered, no party shall have any legal obligations, expressed or implied, or arising in any other manner, under this Term Sheet. Note that all reference to days refers to calendar days, not business days. Seller: [Seller Name] (if Seller is a Project LLC, please also provide parent name) Buyer: San Francisco Bay Area Rapid Transit District (“BART”) Facility: The [___] project, located in [County, State] as further described in Exhibit C-1. Installed Capacity: [____] MWAC For a new non-operational Facility, please indicate the expected Installed Capacity. Contract Capacity: [____] MWAC (Note: Buyer’s Contract Capacity shall equal the Buyer’s Output Share multiplied by final Installed Capacity and shall not be less than 5 MW) Buyer’s Output Share: [XX%]. Product: The Product includes all of the following: Delivered Energy: Buyer’s Output Share of the as-available electric energy generated by the Facility, delivered to the Delivery Point, as measured by California Independent System Operator (CAISO)-approved meters, pursuant to the Scheduling Requirements; Environmental Attributes: All renewable energy credits (“RECs”) and any other environmental attributes associated with Delivered Energy;
BART%202017%20Renewable%20RFP%20Exhibit%20C%20-%20Term%20Sheet_0.docx