FuelCell Energy Inc (FCEL)

[Drgdarf]

Owners of electricity generation projects that qualify as renewable under one of the three classes of Connecticut’s RPS receive one renewable energy certificate (REC) for every megawatt-hour (MWh) of electricity they produce. These RECs are tradable commodities that allow the environmental attribute of the renewable energy to be bought and sold separately from the energy commodity itself. A renewable generator can either contract to sell its energy — “bundled” with the accompanying attribute value directly to an electricity provider (usually at a premium above the wholesale electricity price), or it can “unbundle” the REC and the energy and sell them separately in regional wholesale markets.

Separate portfolio standards are required for energy sources classified as "Class I," "Class II," or "Class III.