Res 1992-014 - Laserfiche WebLink

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agree as foHows: I. Definition of Tenns. Under this Agreement: (1) The tenn "Dwelling" shall mean a residence, residential building (including multifamily residential buildings served by Wholesale Customer at a rate other than Wholesale Customer's residential rate), or a small commercial building (highest annual peak demand not exceeding 50 kw) receiving electric service from Wholesale Customer. (2) The tenn "End-User" shall mean (a) any residential electric customer of Wholesale Customer who owns a Dwelling that receives service from Wholesale Customer at a residential rate, (b) any electric customer of Wholesale Customer who owns a multifamily residential building that receives electric service from Wholesale Customer at a rate other than a residential rate, or (c) a small commercial customer under 50 kw demand. (3) The tenn "Survey" shall refer to an assessment of the energy efficiency of the dwelling, prior to installation of any equipment or implementation of any other improvements intended to increase the energy efficiency of the Dwelling. (4) The tenn "Improvement" shall mean any energy measure identified by LCRA as appropriate for improving the energy efficiency at a particular Dwelling. (5) The term "h~spectionrr shall mean any post installation inspection of an Improvement conducted in accordance with LCRA-approved inspection procedures to ensure conformity to LCRA specifications and material and installation standards. II. Program Options. It is recognized that the Program includes two financing options either or both of which Wholesale Customer may select for the purpose of providing a source of financing to its End-Users wishing to purchase and install energy efficient heating and cooling equipment. Financing will also be available to a lesser extent for weatherization measures. Applicable equipment and weatherization standards are set out in the Program Design and P~':'cedures Manual. The financing options are as follows: (a) Loan Option - An arrangement whereby LCRA enters into an agreement with local financial institutions to provide loans at a reduced interest rate to end-users, and (b) Rebate Option - An arrangement whereby LCRA, through Wholesale Customer, offers to End-Users rebates in accordance with a formula adopted from time to time by LCRA. This option is appended as part of this' Agreement. Under the Program, any End-User is eligible to have a Survey conducted at its Dwelling consistent with the plants) selected by Wholesale Customer. Any End-User having had a Survey conducted at its Dwelling is eligible for an Inspection of completed work following the installation of Improvements specified by the Survey. Any End-User shall be eligible to receive financing for the purchase and installation of Survey- specified Improvements consistent with Wholesale Customer's selection of plans and financing arrangements under Section IT hereof if the End-User and the Dwelling at which the Improvements are to be installed meet the criteria set out under this Agreement and the attachments hereto. Said financing shall be in accordance with the terms of the Financing Arrangement selected by Wholesale Customer on the Financing Arrangements Addendum to this Agreement. 2 REV. 07/19/91