If a project is built and begins operation before June 1, 2019, the Collateral Requirement does not change. The Collateral Requirement is only tied to the date certain of June 1, 2019. Upon contract execution, the Collateral Requirement is 50% of the Annual Contract Value. The Collateral Requirement increases to 100% of the Annual Contract Value on June 1, 2019. The increase happens regardless of when the project becomes operational or when the first REC is delivered.
Revised 8-01-2017 first posted 7-05-2017