What is AWCC’s experience with curtailment?
Curtailment is a major issue, especially in West Texas. While the CREZ program is predicted to alleviate the curtailment issue for some projects, curtailment will still be an issue for the next few years. Even the “fast track” CREZ projects are not expected to be completed until 2014 in the best case; they still require additional rights of way, have not been permitted, and of course, construction has not started. The purchase price we offer you incorporates our views of curtailment for your specific project.