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2019-109C.1
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2019-109C.1
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Last modified
12/27/2019 1:57:18 PM
Creation date
11/18/2019 12:52:38 PM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
07/16/2019
Control Number
2019-109C.1
Agenda Item Number
15.B.4.
Entity Name
Indian River Eco District, LLC
Solid Waste Disposal District (SWDD)
Subject
Landfill Gas Agreement
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Final Version <br />is not Acceptable LFG, the LFG Price shall be $0.00/MMBtu. <br />C. The LFG Price for a Landfill Gas to electricity project shall be determined <br />in accordance with the following table and the incentive payment provided in section <br />8.3. The LFG Price applicable for each month during the Contract Year pursuant to <br />Section 9.2 shall be based on the LFG Baseline. The LFG Price shall be based on the <br />actual annual quantities of Acceptable LFG delivered during the preceding Contract <br />Month. <br />Month LFG used by <br />Company* (MMBTU) <br />LFG Price <br />($/MMBtu) <br />Baseline+7,501 to 9,000 <br />$1.28 <br />Baseline+6,001 to 7,500 <br />$1.16 <br />Baseline+4,501 to 6,000 <br />$1.05 <br />Baseline+3,001 to 4,500 <br />$0.96 <br />Baseline+1,501 to 3,000 <br />$0.87 <br />Baseline +1 to 1,500 <br />$0.79 <br />Baseline and below <br />$0.72 <br />* Excludes periods of time when Company and/or District are down of <br />maintenance, power outages, and periods of time when Company is <br />operating at less than full load due to no fault of the District. <br />The LFG Price for a Landfill Gas to RNG Facility shall equal a royalty payment of <br />10% of the gross receipts generated by the RNG Facility for the sale of renewable <br />natural gas generated from the Acceptable LFG ("RNG Gross Receipts"); <br />provided, however, that the Parties shall cooperate, acting reasonably and in good <br />faith, to discuss increasing the foregoing percentage if and to the extent that the <br />Parties agree to amend this Agreement to provide for quantity and quality <br />guarantees from the District that support developing an RNG Facility. <br />8.2 Price for District Credits. <br />A. Subject to the provisions herein, the District shall receive the value of any <br />Environmental Attributes that the District earns for flaring the LFG that is not delivered <br />to Company. These credits are referred to herein as "District Credits." <br />B. It is the desire and intent of the Parties that the Company shall actively <br />attempt to market and sell all of the District Credits on behalf of the District. It is <br />anticipated that the Company shall use the services of a third party (the "Marketer") <br />to market and sell credits. Any agreement signed by the Company and Marketer shall, <br />to the extent commercially practical, treat the Company and District equally and fairly. <br />To the extent that any acts or omissions of the Company or the District, or both, result <br />in liability to the Marketer, the Company and the District shall each be responsible for <br />17 <br />
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