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.
This contract is also referenced as the “Slice Contract.” This agreement governs the sale of the slice product of the Rocky Reach Project and Rock Island Project, from January 1, 2022 through December 31, 2026.. Slice Product 35 will be adjusted to reflect either a three (3) or five (5) year term, depending on which is awarded. 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.
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
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
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.
A guaranty may be required depending upon the
counterparty’s creditworthiness and collateral
requirements. This will be discussed during the