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2023/04/12 Council Agenda Packet
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2023/04/12 Council Agenda Packet
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4/21/2023 9:34:23 AM
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Council Agenda Packet
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4/12/2023
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- Participants will work directly with SRECTrade to ensure all reporting necessary to generate credits <br />and comply with the program is completed in a timely manner. SRECTrade will be available to <br />provide program guidance and assistance, including generating credits under other CFS credit <br />generation mechanisms such as "Advance Credits." <br />- SRECTrade will be responsible for generating and monetizing credits on behalf of Participants. <br />- Once credits are sold, SRECTrade will deduct its fees and remit payment to WSTA. WSTA will, after <br />deducting its fees, remit payment to participants based on the credits sold on their behalf. This <br />process repeats on a quarterly cycle. <br />CCAP Fees: <br />Department of Ecology (DOE) requires an annual Credit Generator Participant Fee. On March 15, 2023 DOE <br />set the fee at $982. This will be billed directly to the agency and not go through WSTA. For more on DOE <br />Fees, please visit their website by CLICKING HERE. <br />Fees are deducted after the sale of credits and before payments are remitted to participants. <br />Minimum Fee Schedule for 2o23 <br />Cumulative Credits <br />Generated <br />Consultant Fee <br />% of Transaction Value <br />WSTA Admin Fee <br />% of Transaction Value <br />Total Fee <br />% of Transaction Value <br />o — 5,000 <br />7.5% <br />t.o% <br />8.5% <br />5,001 — 20,000 <br />6.0% <br />0.75% <br />6.75% <br />20,000+ <br />4.5% <br />0.50% <br />5% <br />A minimum fee of $4.5o per credit will apply to all Transactions (minimum fee is only triggered when credit <br />value drops below a certain threshold. The minimum fee is not in addition to the standard fee). The <br />cumulative amount of aggregated minimum fees will not exceed half of the total Transaction Value. <br />WSTA CCAP Program Staff and Contacts: <br />WSTA's CCAP Lead Staff <br />Justin D. Leighton <br />WSTA Executive Director <br />justin@watrnasit.com <br />WSTA CCAP Lead Consultant <br />Evan Rosenberg <br />SRECTrade, Senior Manager Business Development <br />Evan.Rosenberg@SRECTrade.com <br />
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