The REC Contracts must be fully executed within three business days of the Commission decision. With the Commission decision expected on Thursday, September 7, 2017, the REC Contracts would be fully executed by Tuesday, September 12, 2017.
The process is expected to be as follows. By 12 PM CPT (noon) on the first business day after the ICC decision, the Company sends a partially executed electronic copy of the REC Contract and related documents to the Seller. By 12 PM CPT (noon) on the second business day after the ICC decision, the Seller executes the signature pages and sends such fully executed signature pages to the Company electronically. The creditworthiness requirements of the REC Contract must be met by the Seller within five (5) business days of such ICC decision.