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Introduction 

Congratulations on this milestonereaching commercial operation. Here is what to expect.

Your NYSERDA Project Manager will be reaching out shortly to touch base with you on next steps. Once the generator is registered in NYGATS and producing energy, it is important to understand the following:

  • In order for all eligible generation (including test energy) to be correctly flagged Tier-1, Seller must dispute any generation that is loaded to NYGATS NYGATS before the Statement of Qualification (SoQ) is issued. Contact NYGATS for assistance. If a Seller does not adhere to this requirement, NYGATS will will not be required to update RECS already created. Once the SoQ has been issued, Seller and NYSERDA will coordinate with NYGATS to accept the generation for Tier 1 REC creation.
  • The REC Agreement’s Delivery Start Date is Contract Delivery Term usually starts the first of the month following the project’s Commercial Operation date. The NYGATS Account Holder for the project is able to sell any Tier-1 RECs on the open marked prior to the Delivery Start of the NYSERDA’s agreementpre-dating the Contract Delivery Term of its NYSERDA REC Agreement on the open market. For example, if you declare Commercial Operation and start generating electricity on August 17, the REC Agreement Contract Delivery Start Date Term will be September 1. Sellers are free to sell Tier -1 RECs generated from August 17 th through August 31st to through August 31 to any interested party.


Transfer of Operational Projects

Instructions

UI Steps
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UI Step

Seller to review Tier 1 – Obtaining a Statement of Qualification Guide.

After receiving your SoQ, please send verify that it has been uploaded to the LSR portal and notify your NYSERDA Project Manager who is (as indicated in the Portal for your project record), as this is a requirement of Operational Certification (Op Cert) for your NYSERDA REC Agreement.


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UI Step
Warning
icon

Seller and NYSERDA Project Manager to schedule a Pre-Operational

Certification

Certification Meeting.

A typical agenda will include discussion of the following:

Expand
titleReview Payee W-9 Tax ID No.

Review Payee W-9 Tax ID No. to ensure payments are sent to the correct entity.
To view the Payee W-9 Tax ID No.

log

log into Salesforce, then locate and access the

correct 

correct Project Record.

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Once in the Project Record, click

the 

the Details tab and review

the 

the Payee W-9 Tax ID No.

 in the 

in the Project Information. Verify that the

 Payee

Payee W-9 Tax ID No. is correct. If not, please contact your NYSERDA Project Manager.

 

Additional documents will be required in order to process a change to the Payee W-9 Tax ID No.

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titleAmendment of the REC Agreement
 
At

At a minimum,

the

Installed Capacity will need to be added to Schedule 1. Additional modifications may be necessary, such as updating the Seller’s contact information in Section 19.01 Notices. The NYSERDA Project Manager will provide draft amendment to the Seller for review.

Tip
If

If a Payment Assignment or Modification is required, additional time will be required to process. The NYSERDA Project Manager will work with the NYSERDA Settlements Manager to ensure that

any 

any Payment Assignment or Modification is processed and approved prior to commencement of payments.

UI Step

Important to Note: Execution of the

Amendment

Amendment to the REC Agreement is needed to achieve Operational Certification.

Expand
titleReturn/Retention of Contract Security

 The NYSERDA Project Manager will discuss return and/or partial retention of contract security, per your REC Agreement.

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titleProject Role
Update FormSeller to provide a completed Project Role Update Form which will include an updated list of project specific contacts for once the project becomes operational, including an Asset Manager and Billing contact. Seller can provide an updated Project Role Update Form again at any point in the future to update roles/contacts in the Portal. 
Updates

Seller to review Project Roles listed in the LSR Portal and notify the NYSERDA Project Manager of any updates. Seller to identify an Asset Manager (primary contact once the project is operational) and Billing Contact (individual who will receive invoice notifications). Seller is responsible for ensuring Project Roles listed in the LSR Portal are kept up to date.

Any Billing Contacts provided will receive automated messages for invoice payments. At least one Billing Contact must have Portal access to review and approve invoices.

Tip

Did you know?

A

A Contact can be provided

with 

with Read Only Access

 to

to the Portal, which will allow that individual to only view the project record and related documents, including invoice payments. They will not be able to edit any fields or upload any documents. Email your NYSERDA Project Manager to request.

Expand
titleAdd or Update Banking Account Information - EFT Form
To

Only once the Payee W-9 Tax ID No. is confirmed to be correct by the Seller in the LSR portal, to avoid processing errors and a delay in payment, it is highly recommended that

you enroll

you enroll to receive payments

via

via ACH for the Payee Tax ID No. and Payee Supplier entity listed in the Portal. For information on how to set up, please

visit

visit Adding/Updating Banking Information – EFT Form.

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titleSubmit CARC Waiver to NYISO

For projects that settle with the Index REC methodology, Seller must fill out theNYISO CARC Waiveron company letterhead and submit to NYISO with copy to NYSERDA.

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title
Project-
Project
Specific Operational Certification
Checklist 
Checklist

The NYSERDA Project Manager will provide a project-specific Operational Certification checklist that

will identify additional documents that will be

identifies documents/items required in order to achieve Operational Certification.

To be completed within 10 days of the Bid Facility’s Commercial Operation Date.    
Tip

Review the generic Operational Certification Request Checklist as a preview of what may be expected to be provided. 

Once Seller has

Please complete checklist and provide all documentation promptly.

  • Once you have addressed all items provided in the
Project Specific
  • project-specific Operational Certification
Checklist
  • checklist,
Seller will
  • upload
a
  • the completed checklist
to the appropriate document slot
  • and all corresponding documentation
in
  • to the Portal “(OP-CERT) - Operational Certification Documents” document slot and notify the NYSERDA Project Manager
. To be completed within 10 days of the Bid Facility’s Commercial Operation Date
  • .
 
  • NYSERDA Project Manager will review and alert
the Seller
  • you of any deficiencies. 
  • Once deficiencies are cured, NYSERDA will complete its
Operational Certification review
  • Operational Certification review and make a determination (typically within 30 days). 
  • Seller will be notified by NYSERDA via email of the Operational Certification review determination. 
Tip

Review the generic Operational Certification Request Checklist as a preview of what may be expected. 


UI Step

Operational Certification Handover Meeting

Once Operational Certification is achieved, the NYSERDA Project Manager and Seller will schedule a handover call with the NYSERDA settlements team to review the invoicing process and answer any questions.

To better understand how Index REC payments are calculated please visit Tier 1 - REC Index Pricing Structure and Calculations.

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UI Step

Reminders

  • Once operating, be sure to provide hourly generation data on at least a quarterly basis. Send to GENDATA@nyserda.ny.gov, or contact your NYSERDA Project Manager to arrange an alternate delivery method.
UI Step

  • Be sure to refer to the current NYSERDA Project Manager listed in the Portal.

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