Announcements


WND-14: What Is the Collateral Requirement under the contract and is that the same as the bid assurance collateral?

No, the Collateral Requirement under each REC Contract is separate from the bid assurance collateral. The Collateral Requirement due under a REC Contract is calculated as $4 x Annual Quantity of such REC contract (rounded up to the nearest $10,000). This is subject to a minimum of $25,000 for the first 10 Delivery Years. After the first 10 Delivery Years during the Delivery Term, if the Collateral Requirement is equal to or less than $25,000, then the Collateral Requirement shall be deemed to be zero.