Announcements

A Bidder may opt into a one-time Strike Price Adjustment Mechanism described in Exhibit G to the Indexed REC Contract. This election is made in the Bid Form due on the Bid Date, June 17, 2026. 

The following tables provide the values for that would be used to adjust the Strike Price for a Project according to the formulas in Exhibit G to the Indexed REC Contract.  is the value at Time t for a Component of the Bid Adjustment Formula that is established and disclosed to Bidders during the RFP. The Components of the Bid Adjustment Formula for Utility-Scale Solar and Brownfield Projects, Utility-Scale Wind Projects, and Hydropower Projects are provided in Tables 1, 3 and 5 in Exhibit G, respectively. The values are derived from publicly available data from the Bureau of Labor Statistics and the Board of Governors of the Federal Reserve System (US). For additional details on the data source for each Component, such as the series title and ID, please see Exhibit G.

The tables below mirror the respective tables in Exhibit G. The data in the tables in this announcement will be pre-populated in Exhibit G at the time of contract execution for a Project that is selected by the evaluation and approved by the Commission and for which the Bidder opted into the one-time Strike Price Adjustment Mechanism in the Bid Form. These values were updated on the date of this announcement.

Table 2: Values at Time t for Components of Utility-Scale Solar and Brownfield Projects
Component	Value
Construction (Const)	182.98
Electrical Machinery and Equipment (EME)	151.84
PPI	269.48
Steel	320.05
Interest Rate	4.26

 

Table 4: Values at Time t for Components of Utility-Scale Wind Projects
Component	Value
Cement	356.20
Construction (Const)	182.98
Electrical Machinery and Equipment (EME)	151.84
Steel	320.05
Turbine	130.87
Interest Rate	4.26

 

Table 6: Values at Time t for Components of Hydropower Projects
Component	Value
CPI	327.24
Interest Rate	4.26

Please refer to Section 2.7 and Exhibit G of the Indexed REC Contract on the Final Materials Page for further details about the calculation of and the Strike Price adjustment for each technology. 

Please direct any questions regarding the Indexed REC RFP to the "Ask a Question" page of the procurement website.