Announcements


BE-37: Can you please confirm that our understanding of the (AIC) Capacity Agreement is correct? First, if we fail to deliver all or a portion of the Zonal Resource Credits (“ZRC””) to AIC (the Buyer), we are responsible for all penalties and/or charges assessed to the buyer regardless of the difference between the (AIC) Capacity Agreement Contract Price and the MISO Compliance Zone Auction Clearing Price (“ACP”). Second, if the Compliance Zone ACP is greater than the Contract Price, we are required to pay the positive difference between the Contract Price and the Compliance Zone ACP multiplied by the days in the Planning Year and the number of ZRCs we fail to deliver.

First, if you fail to deliver all or a portion of the ZRCs which you are required to deliver to the Buyer’s account, then you are responsible for all penalties and/or charges assessed to the Buyer (either directly or through contractual obligation) resulting from such failure regardless of the difference between the Contract Price or the MISO Compliance Zone ACP. Second, you are correct that if the Compliance Zone ACP is greater than the Contract Price, then you are required to pay the positive difference obtained by subtracting the Contract Price from the Compliance Zone ACP multiplied by the days in the Planning Year and multiplying such positive amount by the quantity of ZRCs which you fail to deliver.