Agenda - 12-01-2008 - 3c - Laserfiche WebLink

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64 Monthly Billing Statement and the monthly payment to the County shall be increased accordingly. A sample calculation is provided in Exhibit G. 127. Notwithstanding anything contained herein to the contrary, the County shall have the option, exercisable at any time and from time to time upon thirty (30) days' written notice to the University, to purchase Carbon Credits from a third party and to exchange such Carbon Credits, without any additional compensation, for an amount equal to up to fifteen percent (15%) of the Carbon Credits generated by the LFG Project in a given month. The Carbon Credits purchased from a third party for exchange must be el~i System enacted under federal legislation in the must be eligible carbon offsets under the California Cli Carbon Standard, or the rules of any regional compli Greenhouse Gas Initiative or the Western Climate Initiative. F. Biillin~ , ~. 128. The f ~ eras month during the Term of t the County on or before the the Conversion Payment along with offsets under aCap-and-Trade the absence of such a system, Action Registry, the Voluntary such as the Regional the metering devices to be read on the last day of each iversity shall thereafter prepare and deliver to .~ 'l~5th) day of each subsequent month the Flare Payment and to the County (a "Monthly Billing Statement") providing all relevant metering information and data that will clearly indicate (and will permit the County to verify) the (i) quantity of Landfill Gas on an SCF basis delivered to the Meter Points A and B during the preceding calendar month; (ii) the Meter Point A Methane Content and the Meter Point B Methane Content; (iii) the Flare MMBTU HHV and the Conversion MMBTU HI-iV; (iv) the Flare Payment and the Conversion Payment; (v) any adjustments made under Subpart E of this Article VII; and (vi) reasonably detailed calculations performed by the University to derive all of the foregoing information. 41 {00018638.DOC 16}