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Agenda - 02-03-2009 - 6b
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Agenda - 02-03-2009 - 6b
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Last modified
3/21/2016 10:50:10 AM
Creation date
1/30/2009 3:34:02 PM
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BOCC
Date
2/3/2009
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
6b
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Minutes - 20090203
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\Board of County Commissioners\Minutes - Approved\2000's\2009
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41 <br /> to this Paragraph shall be based on a comparison of the Average Allowance Market Prices and <br /> the Forecasted Carbon Prices performed pursuant to a methodology (the "Emission Allowance <br /> Price Methodology") developed in accordance with the provisions of this Paragraph by the <br /> Carbon Price Consultant. No adjustments to the Flare Percentage or the Conversion Percentage <br /> shall be made(i)prior to 2015, or(ii) in any month during the Term of this Agreement in which <br /> a Cap-and-Trade System has not been enacted under federal legislation in the United States. <br /> a. Emission Allowance Price Methodology. Not later than one hundred eighty days <br /> (180) before the first month in which . s .jus i'ent is made under this Paragraph <br /> 122, the Parties shall direct bon ' - Consultant to develop a <br /> methodology meeting criteria mutually • , r .le to the Parties that shall permit <br /> the Parties to perform a comparison of the Ave o . i ce Market Prices and <br /> the Forecasted Carbon Prices by reference to (i) 4 ._ `'showing the prices at which <br /> Emission i r -s were purchased and sold in the regulated carbon market <br /> esta. in the '� .ted States under federal legislation enacting a Cap-and- <br /> Trade Syste « r ` 1 ormation that the Carbon Price Consultant <br /> determines is c F;F $ and reasonable in the carbon consulting industry. The <br /> Carbon Price Consul • ., shall document the Parties' agreement on the Emission <br /> Allowance Price Methodology. Any Dispute concerning the Emission Allowance <br /> Price Methodology shall be submitted to Dispute Resolution in accordance with <br /> Article XI of this Agreement. <br /> b. Flare and Conversion Payment Adjustments. Beginning in 2015 and continuing <br /> through the remaining Term of the Agreement, in any month in which a Cap-and- <br /> Trade System has been enacted under federal legislation in the United States, the <br /> 36 <br /> {00018638.noc 211 <br />
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