Prepaid Power Purchase Agreement Template for United States

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Prepaid Power Purchase Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Prepaid Power Purchase Agreement

"Need a Prepaid Power Purchase Agreement for a 50MW solar facility in Texas, with quarterly prepayments starting March 2025 and a 15-year term, including provisions for renewable energy credits and battery storage capabilities."

Document background
The Prepaid Power Purchase Agreement serves as a critical instrument in U.S. energy markets where buyers seek to secure long-term power supply while providers require upfront capital. This document type emerged as a response to growing demand for structured energy procurement solutions, particularly in renewable energy markets. It includes detailed provisions for payment structure, delivery obligations, and risk allocation, while ensuring compliance with both federal (FERC) and state-specific energy regulations. The agreement is particularly valuable for projects requiring significant upfront capital investment or where buyers seek to lock in favorable long-term rates.
Suggested Sections

1. Parties: Identification of power purchaser and seller with full legal details

2. Background: Context of the agreement and basic transaction structure

3. Definitions: Key terms used throughout the agreement

4. Prepayment Terms: Details of upfront payment structure and calculations

5. Delivery Obligations: Power delivery specifications and requirements

6. Term and Termination: Duration and termination conditions

7. Representations and Warranties: Standard and specific assurances from both parties

8. Force Majeure: Circumstances beyond parties' control affecting performance

9. Governing Law and Dispute Resolution: Applicable law and dispute resolution mechanisms

Optional Sections

1. Credit Support: Additional financial security requirements for cases requiring extra financial assurance

2. Environmental Attributes: Treatment of renewable energy credits and other environmental benefits for renewable energy sources

3. Construction Milestones: Development timeline and requirements for facilities not yet operational

4. Interconnection Requirements: Specific requirements for grid connection and transmission

5. Performance Security: Requirements for performance bonds or other security measures

Suggested Schedules

1. Schedule A - Facility Description: Technical specifications of the generating facility

2. Schedule B - Pricing Schedule: Detailed pricing mechanisms and calculations

3. Schedule C - Operating Procedures: Technical operating requirements and procedures

4. Schedule D - Delivery Point Specifications: Details of physical delivery location and requirements

5. Schedule E - Form of Guaranty: Standard form for any required guarantees

6. Schedule F - Metering Requirements: Specifications for power metering and measurement

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Industries

Federal Power Act (FPA): Primary federal legislation governing the transmission and wholesale of electric power in interstate commerce, establishing FERC's regulatory authority

Public Utility Regulatory Policies Act (PURPA): Federal law encouraging small power production facilities and cogeneration, requiring utilities to buy power from qualifying facilities

FERC Regulations: Federal Energy Regulatory Commission rules governing interstate electricity transmission, wholesale electricity sales, and power market operations

Energy Policy Act: Comprehensive energy legislation addressing energy production, transmission, efficiency, and market regulation

Securities Act: Federal law that may apply if the prepayment structure could be considered a security, requiring registration and disclosure

State PUC Regulations: State-specific Public Utility Commission rules governing power generation, distribution, and retail sales within state boundaries

State Energy Regulations: State-specific energy laws including renewable portfolio standards and energy efficiency requirements

State Consumer Protection Laws: Laws protecting consumers in energy transactions, including disclosure requirements and fair pricing practices

Clean Air Act: Federal environmental law regulating air emissions from power generation facilities

National Environmental Policy Act (NEPA): Federal law requiring environmental impact assessments for projects with significant environmental effects

Uniform Commercial Code (UCC): State-adopted standardized laws governing commercial transactions, including energy sales and prepayment structures

Bankruptcy Code: Federal laws affecting treatment of prepayments and power purchase agreements in bankruptcy scenarios

Tax Regulations: Federal and state tax laws affecting prepayment structures, renewable energy credits, and power generation facilities

Grid Interconnection Requirements: Technical and operational standards for connecting power generation facilities to the electrical grid

Local Zoning Laws: Municipal and county regulations governing the siting and operation of power generation facilities

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Utility Scale Solar Ppa

A U.S.-governed agreement for the long-term purchase of electricity from utility-scale solar facilities.

find out more

Rec Purchase Agreement

A U.S.-governed agreement documenting the sale of accounts receivable between parties, structured under UCC Article 9.

find out more

Power Purchase Agreement Wind

A U.S.-governed contract for the long-term purchase and sale of wind-generated electricity between a generator and purchaser.

find out more

Ppa Solar Lease

A U.S.-compliant agreement combining solar power purchase and site lease terms for solar energy installations.

find out more

Prepaid Power Purchase Agreement

A U.S.-governed agreement for prepaid purchase of power, combining upfront payment with traditional PPA elements under federal and state energy regulations.

find out more

Flexible Power Purchase Agreement

A U.S.-governed agreement for flexible electricity purchase and sale arrangements, primarily used in renewable energy transactions.

find out more

Net Metering Credit Agreement

A U.S. legal agreement governing the allocation and management of renewable energy credits between utilities and customers under federal and state net metering regulations.

find out more

Biomethane Purchase Agreement

A U.S.-governed agreement establishing terms for the purchase and sale of biomethane, including delivery, pricing, and quality specifications.

find out more

Virtual Purchase Power Agreement

A U.S.-governed financial contract enabling corporate procurement of renewable energy through virtual settlement mechanisms.

find out more

Prepaid Solar Power Purchase Agreement

A U.S.-governed agreement for prepaid purchase of solar-generated electricity, including installation, maintenance, and performance terms.

find out more

Private Wire Ppa

A U.S.-governed agreement for direct electricity supply between a generator and end-user via private connection.

find out more

Corporate Power Purchase Agreement

A long-term contract for corporate procurement of electricity in the U.S., governed by federal and state energy regulations.

find out more

Third Party Solar Power Purchase Agreement

A U.S.-governed agreement enabling property owners to purchase solar-generated electricity from third-party providers who install and maintain solar systems on the customer's property.

find out more

Ppa Agreement Solar

A U.S.-governed contract establishing terms for the sale and purchase of solar-generated electricity.

find out more

Direct Power Purchase Agreement

A U.S.-governed agreement establishing direct electricity purchase terms between generators and end-users.

find out more

Power Purchase Contract

A U.S.-governed agreement establishing terms for the sale and purchase of electricity between a generator and buyer.

find out more

Physical Power Purchase Agreement

A U.S.-governed contract establishing terms for physical delivery of electrical power between generator and buyer, subject to federal and state energy regulations.

find out more

Power Offtake Agreement

A contractual agreement for the sale and purchase of electricity between a generator and buyer, governed by U.S. federal and state energy regulations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.