Announcements


Indexed REC-54: How is the Index Price calculated?

The Index Price, as defined in the Indexed REC Contract, means the real-time energy settlement price at the applicable Illinois trading hub, as indicated in the Product Order. Specifically, this means either the hourly Real-Time Locational Marginal Price for the Midcontinent Independent System Operator, Inc’s (“MISO”) Real-Time Energy and Operating Reserve Market for the Illinois Hub (“MISO-IL”) or the hourly Real-Time Locational Marginal Price for PJM Interconnection LLC’s (“PJM”) Real-Time Energy Market for the northern Illinois Hub (“PJM-NIHUB”). Additional information and historical Real-Time Locational Marginal Prices is available on the PJM and MISO websites, https://pjm.com/ and https://www.misoenergy.org/.