Emission Reduction” is defined in the Cap-and-Trade Regulations, and for purposes of “GHG this Confirmation, includes GHG reductions, GHG Removal Enhancement, Direct GHG Removal Enhancements, and Direct GHG Emission Reductions as those terms are used in the Cap-and-Trade Regulations. Event” is a final determination by CARB to invalidate Offset Credits in accordance “Invalidation with the Cap-and-Trade Regulations. Period” means the period of time during which CARB may invalidate an Offset “Invalidation Credit under the Cap-and-Trade Regulations. Term” means (a) the period from the Transaction Date through the later of (i) the “Invalidation last day of the Invalidation Period or (ii) the last day of the Delivery Term; or (b) for Replacement Product, the period from the date of Delivery of Offset Credits provided in accordance with Special Provision 5(b) (Replacement Product) through and including the last day of the period during which the Offset Credit may be invalidated pursuant to the Cap-and-Trade Regulations. Project” is defined in the Cap-and-Trade Regulations. “Offset Project Data Report” is defined in the Cap-and-Trade Regulations. “Offset Project Operator” is defined in the Regulations. “Offset Verification Statement” is defined in the Cap-and-Trade Regulations. “Offset Report” means a report to Buyer in the form of Attachment I.] [“Progress [This definition is optional if Seller is Investment-Grade pursuant to PG&E’s 2016 Protocol.] Verification” means (i) a subsequent Offset Project Data Report, or (ii) the “Second verification of the initial Offset Project Data Report, in each case by a different offset body, within three (3) years of CARB’s issuance of the Offset Credit pursuant to the requirements set forth in Section 95985 of the Cap-and-Trade Regulations, as such requirements are amended, supplemented or replaced (in whole or in part) from time to time. Invalidation Period” has the meaning set in Special Provision 4(a) of this “Shortened Confirmation. is defined in the Regulations. “Verifier” Pacific Gas and Electric Company, a ____[Seller]_____, a[include place of formation California corporation and business type)] Signature: Signature: Name: Name: Title: Date: Date:
“GHG Emission Reduction” is defined in the Cap-and-Trade Regulations, and for purposes of this Confirmation, includes GHG reductions, GHG Removal Enhancement, Direct GHG Removal Enhancements, and Direct GHG Emission Reductions as those terms are used in the Cap-and-Trade Regulations. “Invalidation Event” is a final determination by CARB to invalidate Offset Credits in accordance with the Cap-and-Trade Regulations. “Invalidation Period” means the period of time during which CARB may invalidate an Offset Credit under the Cap-and-Trade Regulations. “Invalidation Term” means (a) the period from the Transaction Date through the later of (i) the last day of the Invalidation Period or (ii) the last day of the Delivery Term; or (b) for Replacement Product, the period from the date of Delivery of Offset Credits provided in accordance with Special Provision 5(b) (Replacement Product) through and including the last day of the period during which the Offset Credit may be invalidated pursuant to the Cap-and-Trade Regulations. “Offset Project” is defined in the Cap-and-Trade Regulations. “Offset Project Data Report” is defined in the Cap-and-Trade Regulations. “Offset Project Operator” is defined in the Regulations. “Offset Verification Statement” is defined in the Cap-and-Trade Regulations. [“Progress Report” means a report to Buyer in the form of Attachment I.] [This definition is optional if Seller is Investment-Grade pursuant to PG&E’s 2016 Protocol.] “Second Verification” means (i) a subsequent Offset Project Data Report, or (ii) the of the initial Offset Project Data Report, in each case by a different offset verification body, within three (3) years of CARB’s issuance of the Offset Credit pursuant to the requirements set forth in Section 95985 of the Cap-and-Trade Regulations, as such requirements are amended, supplemented or replaced (in whole or in part) from time to time. “Shortened Invalidation Period” has the meaning set in Special Provision 4(a) of this Confirmation. “Verifier” is defined in the Regulations. Pacific Gas and Electric Company, a California corporation ____[Seller]_____, a[include place of formation and business type)] Signature: Signature: Name: Name: Title: Date: Date:
AppE_PGEProFormaGHGOffsetCreditConfirm_2016_Final.docx