Legal Documents

A general description of documents to be executed is provided below. These descriptions are not complete and should not be relied upon by any bidder.

Contract for Sale of Output from the Rocky Reach Project and Rock Island Project

This contract is also referenced as the “Slice Contract.” This agreement governs the sale of slice products of the Rocky Reach Project and Rock Island Project, from January 1, 2018 through December 31, 2022. Slice Products 27 and 28 include deliveries of Output starting January 1, 2018 and ending December 31, 2022. Slice Product 29 is a combination of Slice Products 27 and 28. The Slice Contract includes two appendices: (1) Appendix A includes a description of rights associated with the Output, operational issues and applicable agreements; (2) Appendix B will be the completed Bid Form submitted by the successful bidder showing the Purchase Price to be paid.  The Slice Contract describes that the Purchaser is only entitled to receive its percentage share of Output (Energy, Capacity and related rights as described in Appendix A). There is no guaranteed amount of Energy or Capacity.

Master Confirmation Agreement to WSPP Agreement

This agreement governs all WSPP transactions entered into between the Parties and amends any prior Master Confirmation Agreements. The purposes of this agreement include (1) netting of all obligations between the Slice Contracts and WSPP transactions; (2) cross default between the Slice Contracts and WSPP transactions; (3) applying the collateral as required in the Collateral Annex to payments due under all WSPP agreement/transactions as well as the Slice Contracts; and (4) making other changes as contained in that Master Confirmation Agreement. The terms of this Agreement are not negotiable.

Collateral Annex to the WSPP and Contract for Sale of Output from the Rocky Reach Project and the Rock Island Project

The Collateral Annex is based upon the WSPP proposed form. The Collateral Annex is intended to address collateral requirements applicable to the Slice Contracts and WSPP transactions. The terms of this Agreement are not negotiable.

Cover Sheet Elections applicable to the Collateral Annex to the WSPP and Contract for Sale of Output from the Rocky Reach Project and the Rock Island Project

The Cover Sheet Elections is based upon the WSPP proposed form and is part of the Collateral Annex described above. The District will only accept a Letter of Credit from an LC Issuer as described in the Collateral Annex. The District is willing to discuss some provisions as appropriate during the pre-qualification process, but the terms are not negotiable after the bids are submitted.

Guaranty

A guaranty may be required depending upon the counterparty’s creditworthiness and collateral requirements. This will be discussed during the prequalification process.