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Puget Sound Energy 1/25/2024
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Puget Sound Energy 1/25/2024
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Last modified
1/26/2024 9:59:26 AM
Creation date
1/26/2024 9:59:02 AM
Metadata
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Template:
Contracts
Contractor's Name
Puget Sound Energy
Approval Date
1/25/2024
End Date
12/31/2026
Department
Facilities
Department Project Manager
Karen Schraven
Subject / Project Title
Commercial Strategic Energy Management Incentive
Tracking Number
0004157
Total Compensation
$27,100.00
Contract Type
Agreement
Contract Subtype
Grant Agreement (City as Grantee)
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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4384 4/17 Page 2 of 4 <br />Conservation Program: SEM <br />Agreement No.: 2 <br />Project No.: P_1398742 <br />4. CSEM - Training Allowance - Year 1 3 $1,000.00 $1,000.00 <br />5. CSEM - Performance Incentive - Year 2 3 $7,000.00 $4,900.00 <br />6. CSEM - Milestone Incentive 2 3 $1,000.00 $1,000.00 <br />7. CSEM - Training Allowance - Year 2 3 $1,000.00 $1,000.00 <br />8. CSEM - Performance Incentive - Year 3 3 $7,000.00 $4,900.00 <br />9. CSEM - Milestone Incentive 3 3 $1,000.00 $1,000.00 <br />10.CSEM - Training Allowance - Year 3 3 $1,000.00 $1,000.00 <br />11.CSEM - Target Incentive - Year 3 3 $1,400.00 $1,400.00 <br />TOTAL (includes sales tax) $33,400.00 $27,100.00 <br />1 The “Total Cost” column is the sum of electric and gas measure costs and is for PSE internal reference only and <br />is an assumed amount of committed resources to implement Strategic Energy Management Measures based on <br />portfolio size. The costs listed in this column do not impact Participant’s eligibility for receiving incentive(s) under <br />this agreement. <br />2 The incentive amount(s) listed in this column are maximum values and could be reduced at PSE’s sole discretion <br />in the event of additional energy savings benefiting Participant. See Section 3. <br />3.Incentive. Upon the execution by both parties and PSE’s receipt of this Commercial Strategic Energy Management <br />Incentive Agreement within 90 days of the agreement date, PSE agrees to grant the Participant, after installation or <br />implementation by Participant of the Strategic Energy Management Measures, an amount equal to the eligible Strategic <br />Energy Management incentive (“the Incentive”) set forth in Attachment A – Scope of Work. The parties agree <br />that the Strategic Energy Management Measures must be installed or implemented and the Incentive paid within 36 <br />months of the signing of this Commercial Strategic Energy Management Incentive Agreement. In the event <br />Participant’s energy usage benefits from other PSE-sponsored energy efficiency programs, the Incentive paid to <br />Participant may, at PSE’s sole discretion, be reduced to reflect such benefits. Participant shall be responsible for paying <br />any amount in excess of the amount of the Incentive. <br />4.Separate Contract. The purchase and implementation of the Strategic Energy Management Measures shall be pursuant <br />to a separate contract between Participant and a strategic energy management energy champion (“SEM Energy
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