REC
Renewable Energy Certificate represents the environmental attribute of one MWh of renewable generation. RECs can support renewable claims, but they are not the same as physical deliverability, hourly carbon matching, or local grid decarbonization.
Read definition →Municipal utility
Municipal utility is owned by a city or local government. It may offer local responsiveness and different governance, but large-load service can still depend on wholesale power supply, transmission access, and regional grid constraints.
Read definition →Liquidated damages
Liquidated damages are pre-agreed monetary remedies for specified failures such as late delivery. They need careful drafting because enforceability, caps, exclusions, and relationship to service credits can vary.
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