Our tenant space consists of 1 full floor and part of another floor in a high rise office building.  We would like to know whether the design as described below would meet the requirements for Option 1 of this credit.

Electrical: There are tenant meters on the lighting, receptacle, and mechanical panels.  These three can be metered separately for all of the tenant equipment connected to them, and summed up to find the "total tenant energy consumption".

Base Building HVAC System:  The base building HVAC includes two floor-by-floor air handling systems not in the tenant scope or space.  These base building air handling units are chilled water with electric heat, and there are no energy meters on a floor-by-floor basis for the units.  Air distribution is underfloor air with zoned VAV overhead perimeter having an electric heating coil per zone.

Tenant HVAC System: The tenant HVAC scope includes adding two computer room heat pumps that reject their heat to the base building condenser water system.  While the units' compressors, fans, and tenant condenser water pump are all metered on the tenant "mechanical" electrical panel, there is not a btu meter on the condenser water feed to the units.  It should be noted that the energy related to the heat rejection on this condenser water loop (base building pumps and cooling towers) is approximately 518W maximum.  The btu's of energy that are being rejected by the units is accounted for under the base building chilled water plant's energy metering system.

Question 1: Are we correct in understanding that the base building HVAC System that serves the tenant space does not need to be metered in order to meet the requirements of Option 1?

Question 2: Would a btu meter be required on the condenser water feed to the computer room units in order to meet the requirements of Option 1? 

Thanks!