Orange County NC Website
Browse       Search
57 <br />the LFG measured at Meter Point A (the "Conversion MMBTU I~IV") shall be obtained by <br />dividing the product of (a) the Meter Point A Methane Content, .and (b) 1,012, by 1,000,000. <br />Expressed in a formula, the .Conversion MMBTU HHV =Meter Point A Methane Content x <br />1012 _ 1,000,000. <br />120. For a given month during the Term of this Agreement, theConversion Payment <br />.. r~~ <br />shall be equal to the product of (a) the Conversion Percents -;~'~ such percentage may be <br />~~ <br />'th Sub art E of this Article ~'~~;and (b~~' ~ ~~ product obtained by <br />adjusted m accordance vv~ ~ ~r ~~, <br />multiplying (i) the Conversion MMBTU I~IV for such month by ~~(ii) k~ lesser of the BTU <br />.~, <br />~. <br />Equivalent Price or the Adjusted BTU Equivalent Price. Expressed in a formuYl:~e County's <br />,._ <br />monthly Conversion Payment = (.166) x (Conversion MMBTU HHV) x BTU Equivalent Price <br />or Adjusted BTU Equivalent Price, <br />Payment is shown in Exhibit F. <br />121. The Parties recognize that <br />reductions in GHG emissions and associated <br />Carbon <br />Allowances, are <br />to <br />Benefits` es~lting from tl <br />~~ -- <br />~~:~ <br />~, <br />the University ~ s~~~nternal <br />"~r~=~= <br />-=,x~ti t. <br />...Ef„ <br />economic benefits. <br />E. <br />> less. A sample calculation of the Conversion <br />:~ <br />.~ <br />r ;~y <br />~gulations,~policies and procedures governing <br />narkets for Environmental Benefits, including <br />Accordingly, the University will strive <br />with respect to the LFG Project to ma~rimi~e the Environmental <br />and to measure and document them in a way that meets both <br />reduction objectives and the County's objective to generate <br />122. General. During the Term of this Agreement, the Parties acknowledge that <br />changes in the renewable energy marketplace and in the regulation of GHG emissions may occur <br />that may affect the compensation paid to the County under this Agreement. Accordingly, <br />pursuant to the terms and conditions hereunder, the Parties agree to make certain adjustments to <br />34 <br />{00018638.DOC 16} <br />