If, in the Part 1 Proposal, we provide the Date of First Operation of 12/31/2020, is there a penalty under the REC Contract if the Project comes on line after 12/31/2020 but before the required 10/10/2021?

No. the REC Contract does not require the Seller to commit to a specific date for the start of commercial operations as long as the Date of First Operation (as recorded by PJM EIS GATS or M-RETS) did not occur on or before June 1, 2017 and as long as the Date of First Operation occurs on or before October 10, 2021. The REC Contract defines Force Majeure events that can excuse delay.

Announcements

WND-24: If, in the Part 1 Proposal, we provide the Date of First Operation of 12/31/2020, is there a penalty under the REC Contract if the Project comes on line after 12/31/2020 but before the required 10/10/2021?