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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 31^st to through August 31 to any interested party.

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

Seller and NYSERDA Project Manager to schedule a a Pre-Operational Certification Certification Meeting. A typical agenda will include discussion of the following:

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title	Review Payee W-9 Tax ID No.

Review Payee W-9 Tax ID

No

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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title	Amendment

of

of the REC Agreement

At a minimum,

the Installed Capacity will be added to

Installed Capacity will need to be added to Schedule 1.

Additional

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

a

a Payment Assignment

or

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.

Important to Note: Execution of the

Amendment

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

Project Role Update Form

Seller 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.

Any Billing Contacts provided

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title	Return/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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title	Project Role 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

Contact

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.

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title	Add 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

.

UI Step

.

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title	Submit 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-Specific Operational Certification Checklist

Project Specific Operational Certification 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.

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.
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