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This document serves as an application to the North Dakota Public Service Commission for an Advance Determination of Prudence regarding a power purchase agreement for the Prairie Rose wind generation

How to fill out application for advance determination

How to fill out Application for Advance Determination of Prudence for a Power Purchase Agreement

1. Obtain the Application for Advance Determination of Prudence form from the relevant regulatory authority's website.
2. Read all instructions and eligibility criteria before starting to fill out the application.
3. Fill in the applicant's contact information, including name, address, and phone number.
4. Clearly state the purpose of the application regarding the power purchase agreement.
5. Provide detailed information about the proposed power purchase agreement, including the parties involved, contract terms, and expected benefits.
6. Include financial projections and cost analyses related to the power purchase agreement.
7. Attach any supporting documents that may be required, such as feasibility studies or previous agreements.
8. Review the completed application for accuracy and completeness.
9. Submit the application to the designated regulatory authority by the specified deadline.

Who needs Application for Advance Determination of Prudence for a Power Purchase Agreement?

1. Utilities and energy companies seeking approval for power purchase agreements.
2. Regulatory bodies that assess the prudence of energy procurement strategies.
3. Stakeholders involved in energy projects who require assurance of cost-effectiveness.

People Also Ask about

How do I get out of a solar PPA?

Many solar companies will not allow you to simply end your contract before the term ends, even if you are selling your home. If you want to sell your home before your PPA contract expires, you'll need to transfer your PPA to the new homebuyer, buy out the system, or terminate your contract and have the panels removed.

How are PPA prices determined?

The result needs to strike a balance between the financial needs of the buyer and the seller. If either party is significantly short-changed, then the long-term viability of the PPA will be put at risk. Typically, PPA pricing has been based on average monthly or yearly prices derived from forecasts for relevant market.

How to set up a power purchase agreement?

How does a Power Purchase Agreement Work? Implement, develop or re-finance a project with a PPA. Determine the structure of the contract. Create an RFQ and reach out for buyers. Compare the offers received. Negotiate the terms. Sign the PPA contract. Manage your energy sales and risk throughout the life of your asset.

What is the downside of a solar PPA?

Disadvantages of solar PPAs Can't use tax credits or other incentives: As the homeowner, you don't get to take direct advantage of the solar tax credit or other incentives with a PPA because you don't own the solar panels. Instead, the solar company gets those benefits.

What are the negatives of PPA solar panels?

Con: Lack of Ownership With a PPA, property owners don't actually own the solar panels installed on their property. Instead, the solar provider owns them. And because property owners don't own the solar panels, they aren't eligible for many discounts, such as tax credits.

How do I get out of a solar power purchase agreement?

The three typical ways to get out of a solar lease are to: Solar lease buyout - Buy out the remaining part of the solar lease or keep making monthly payments. Purchase the solar PV system in its entirety at market price. Transfer your solar lease agreement.

Is the PPA program worth it?

Lower bill savings. You may save less over time under a PPA than if you owned the system, because your electric bill savings will be partially offset by PPA costs. Fluctuating monthly payments. Like your electric bill, your monthly PPA payment will vary depending on how much power your panels produce.

Is it hard to sell a home with a solar PPA?

Theoretically there is no issue selling a house with a PPA. But in practice you will not be able to explain the value of the PPA to the new buyer, but they will understand and be fearful of the cost. Basically same issue with buying your own panels and having them installed.

For pdfFiller’s FAQs

What is Application for Advance Determination of Prudence for a Power Purchase Agreement?

The Application for Advance Determination of Prudence for a Power Purchase Agreement is a formal request submitted to regulatory bodies seeking approval that a proposed power purchase agreement is deemed prudent before it is executed, thereby ensuring cost recovery for utilities.

Who is required to file Application for Advance Determination of Prudence for a Power Purchase Agreement?

Utilities or power suppliers that intend to enter into a power purchase agreement and wish to ensure that the costs associated with the agreement will be considered prudent and recoverable from ratepayers are required to file this application.

How to fill out Application for Advance Determination of Prudence for a Power Purchase Agreement?

To fill out the application, one must provide detailed information on the proposed power purchase agreement, including terms, conditions, projected costs, and justifications for why the agreement is in the public interest and economically prudent.

What is the purpose of Application for Advance Determination of Prudence for a Power Purchase Agreement?

The purpose is to provide regulatory oversight, ensuring that utilities make decisions that are financially responsible and that the interests of consumers are protected by reviewing and approving the expected costs associated with power purchase agreements prior to their execution.

What information must be reported on Application for Advance Determination of Prudence for a Power Purchase Agreement?

The report must include details such as the project's description, cost estimates, projected benefits, risk assessments, contract terms, and analysis demonstrating that the agreement meets the standards of prudence and economic viability.