Announcements


S&B-55: If the Seller delivers less than the Delivery Year Requirement in the first Delivery Year, but meets the requirement in each of the remaining Delivery Years, will the Performance Assurance be forfeited?

No, the Performance Assurance will not be forfeited in that case.

The REC Contract with a Company will be terminated and the Performance Assurance is forfeited if: (a) you fail to meet the Delivery Year Requirement in any 3 or more Delivery Years, and (b) the amount of shortfalls equals or exceeds the Annual Quantity.

Please note that the “3 or more Delivery Years” need not be consecutive; and the Delivery Year Requirement in the first 365 days under the REC Contract is 50% of the Annual Quantity.