Resource Adequacy Purchase Agreement - Energy Storage Option - Revised 7-28-2014

Sep 1, 2026

Upload by Jake

Resource Adequacy Purchase Agreement (Energy Storage Option) sets out the purchase and sale framework between Southern California Edison Company and the Seller for energy storage capacity. It governs product purchase, storage units and delivery points, contract term and conditions precedent, delivery schedules, defaults and termination payments, interconnection and charging services, design/build obligations, milestones, commissioning and testing, and ongoing operation, maintenance, and repair duties. It also details monthly capacity payments, billing and invoice dispute mechanics, delivery obligations, credit and collateral, security interests, and related governmental and environmental charges.

LanguageEnglish

CategoryLetters

FormatDOCX

Pages168

Reading Time59 min

AccessFree to download

Recitals

Purchase and Sale of Product

Storage Units

Delivery Points

Term; Conditions Precedent and Delivery Period

Term

Approval Date; Termination Related to Failure to Timely Obtain Regulatory Approval

Expected Initial Delivery Date

Delivery Period

Put Delivery Period; RA Delivery Period

Events of Default; Remedies; Termination

Events of Default

Seller Events of Default

Early Termination Date

Calculation of Termination Payment

Interconnection

Interconnection Studies

SCE Termination Right – Excess Network Upgrade Costs

Design and Construction of Storage Units

Seller’s Obligations

Changes in Operational Characteristics

EPC Contractor

Construction Period and Milestones

Milestone Schedule

Provision of Information

Inspection Rights

Commissioning and Testing

Initial Commercial Operation Test

Periodic Testing

Testing Costs

CAISO Certification

Seller’s Operation, Maintenance and Repair Obligations

Seller’s Operation Obligations

Seller’s Maintenance and Repair Obligations

Monthly Capacity Payments and Other Compensation

Compensation

Monthly Capacity Payment

Allocation of Other Payments and Costs

Payment and Billing

Billing Period

Timeliness of Payment

Disputes and Adjustments of Invoices

Product Delivery Obligations (RA Delivery Periods)

Product

Adjustments to Product Provided

Delivery of Product

Credit and Collateral

Financial Information

Seller’s Credit Requirements

Administration of Performance Assurance

Collateral Assignment

Consent to Collateral Assignment

Governmental and Environmental Charges

Governmental Charges

Compliance with Laws and Indemnification

Revised 7-28-2014 2013 LCR PRO FORMA RESOURCE ADEQUACY PURCHASE AGREEMENT (ENERGY STORAGE OPTION) between SOUTHERN CALIFORNIA EDISON COMPANY and [SELLER] [Date] RECITALS 1 AGREEMENT 2 TOC \o "1-3" \f ARTICLE One. PURCHASE AND SALE of PRODUCT PAGEREF _Toc394335319 \h 2 1.01. Purchase and Sale of Product. PAGEREF _Toc394335320 \h 2 1.02. Storage Units. PAGEREF _Toc394335321 \h 4 1.03. Delivery Points. PAGEREF _Toc394335322 \h 4 ARTICLE Two. TERM; CONDITIONS PRECEDENT AND DELIVERY PERIOD PAGEREF _Toc394335323 \h 4 2.01. Term. PAGEREF _Toc394335324 \h 4 2.02. Approval Date; Termination Related to Failure to Timely Obtain Regulatory Approval. PAGEREF _Toc394335325 \h 4 2.03. Expected Initial Delivery Date. PAGEREF _Toc394335326 \h 5 2.04. Delivery Period. PAGEREF _Toc394335327 \h 5 2.05. Put Delivery Period; RA Delivery Period. PAGEREF _Toc394335328 \h 8 2.06. Delayed Initial Delivery Date. PAGEREF _Toc394335329 \h 8 2.07. No Liability of SCE. PAGEREF _Toc394335330 \h 8 2.08. Seller’s Queue Position. PAGEREF _Toc394335331 \h 8 ARTICLE Three. EVENTS OF DEFAULT; REMEDIES; TERMINATION PAGEREF _Toc394335332 \h 9 3.01. Events of Default. PAGEREF _Toc394335333 \h 9 3.02. Seller Events of Default. PAGEREF _Toc394335334 \h 9 3.03. Early Termination Date. PAGEREF _Toc394335335 \h 11 3.04. Calculation of Termination Payment. PAGEREF _Toc394335336 \h 12 3.05. Notice of Termination Payment. PAGEREF _Toc394335337 \h 13 3.06. Limitation on Seller’s Ability to Make or Agree to Third Party Sales from the Project/Storage Units after Early Termination Date. PAGEREF _Toc394335338 \h 14 3.07. Effect of Termination. PAGEREF _Toc394335339 \h 14 ARTICLE Four. interconnection PAGEREF _Toc394335340 \h 15 4.01. Interconnection Studies. PAGEREF _Toc394335341 \h 15 4.02. SCE Termination Right – Excess Network Upgrade Costs. PAGEREF _Toc394335342 \h 15 4.03. Establishment of Charging Energy Service. PAGEREF _Toc394335343 \h 17 4.04. Acknowledgment. PAGEREF _Toc394335344 \h 17 ARTICLE Five. DESIGN AND CONSTRUCTION OF STORAGE UNITS PAGEREF _Toc394335345 \h 17 5.01. Seller’s Obligations. PAGEREF _Toc394335346 \h 17 5.02. Changes in Operational Characteristics. PAGEREF _Toc394335347 \h 18 5.03. EPC Contractor. PAGEREF _Toc394335348 \h 18 ARTICLE Six. CONSTRUCTION PERIOD AND MILESTONES PAGEREF _Toc394335349 \h 19 6.01. Milestone Schedule. PAGEREF _Toc394335350 \h 19 6.02. Provision of Information. PAGEREF _Toc394335351 \h 19 6.03. Inspection Rights. PAGEREF _Toc394335352 \h 20 ARTICLE Seven. COMMISSIONING AND TESTING PAGEREF _Toc394335353 \h 21 7.01. Initial Commercial Operation Test. PAGEREF _Toc394335354 \h 21 7.02. Periodic Testing. PAGEREF _Toc394335355 \h 21 7.03. Testing Costs. PAGEREF _Toc394335356 \h 22 7.04. CAISO Certification. PAGEREF _Toc394335357 \h 23 7.05. Additional Requirements for RA Capacity Qualification Tests. PAGEREF _Toc394335358 \h 23 ARTICLE Eight. SELLER’S OPERATION, MAINTENANCE AND REPAIR OBLIGATIONS PAGEREF _Toc394335359 \h 24 8.01. Seller’s Operation Obligations. PAGEREF _Toc394335360 \h 24 8.02. Seller’s Maintenance and Repair Obligations. PAGEREF _Toc394335361 \h 25 ARTICLE Nine. MONTHLY CAPACITY PAYMENTS AND OTHER COMPENSATION PAGEREF _Toc394335362 \h 28 9.01. Compensation. PAGEREF _Toc394335363 \h 28 9.02. Monthly Capacity Payment. PAGEREF _Toc394335364 \h 28 9.03. Allocation of Other Payments and Costs During RA Delivery Periods. PAGEREF _Toc394335365 \h 29 9.04. Variable O&M Payment During Put Delivery Periods. PAGEREF _Toc394335366 \h 31 9.05. Energy from Start-Up During Put Delivery Period. PAGEREF _Toc394335367 \h 31 9.06. Energy Adjustment Payment. PAGEREF _Toc394335368 \h 31 ARTICLE Ten. Allocation of Standard capacity product payments and charges; ADJUSTMENTS TO MONTHLY ENERGY CAPACITY PAYMENT PAGEREF _Toc394335369 \h 36

FAQs

What does the agreement cover for the energy storage option?

It covers purchase and sale of the product, storage units and delivery points, delivery schedules, interconnection, design/construction, commissioning/testing, operations and maintenance, and the associated payments and delivery obligations.

How does the agreement handle term, approvals, and termination related to regulatory delays?

It defines the contract term and approval date, including termination rights tied to failure to obtain regulatory approval on time, and sets conditions governing related delivery period adjustments.

What payment, billing, credit, and collateral provisions govern the Seller?

It specifies monthly capacity payments and other compensation, billing period rules, payment timeliness, dispute and invoice adjustment mechanics, netting rights, and Seller credit requirements including performance assurance and security interests.

Sep 1, 2026

Upload by Jake