W&S-7: Given there will likely be multiple utility contracts signed for each winning project, is the unsecured credit of $2.5 MM in the REC Contract granted to investment grade entities per utility or across multiple utility contracts?

If a Seller or a Seller’s guarantor is creditworthy and meets the credit rating requirements under the REC Contract, the $2.5MM unsecured credit is granted by each utility separately to you for all your contracts with the applicable utility. For example, if you have several projects that are associated with winning bids, the unsecured credit of $2.5MM will apply across all of your contracts with a given utility.