The amount of the Performance Assurance is defined in Section 7.1 of the Indexed REC Contract. “The amount of such Seller’s Performance Assurance shall be equal to the positive difference, if any, between: (a) the Collateral Requirement (or Increased Collateral Requirement, if applicable); and (b) the Collateral Threshold, rounded up to the nearest $10,000, as estimated by Buyer (“Performance Assurance Amount”).”

For an entity that is not eligible for unsecured credit under the Indexed REC Contract, Collateral Requirement means, (a) with respect to a Utility-Scale Wind Project, an amount equal to four dollars ($4) times the Annual Quantity and which shall be reduced for the last Delivery Year, if applicable, to reflect an amount equal to the product of the Delivery Year Requirement for the last Delivery Year and four dollars ($4); provided that if the Collateral Requirement is calculated to be less than $20,000, then the Collateral Requirement shall be $20,000; and means, (b) with respect to a Utility-Scale Solar Project or a Brownfield Site Photovoltaic Project, an amount equal to ten dollars ($10) times the Annual Quantity and which shall be reduced for the last Delivery Year, if applicable, to reflect an amount equal to the product of the Delivery Year Requirement for the last Delivery Year and ten dollars ($10); provided that if the Collateral Requirement is calculated to be less than $20,000, then the Collateral Requirement shall be $20,000. A Seller with a Project with an approved Bid must meet the creditworthiness requirements under the Indexed REC Contract within eight (8) business days of the Illinois Commerce Commission decision on the results of the procurement event.