When does the participant have to post the additional Offer Deposit and when will it be returned? When does the Participant have to post the Delivery Date Security?
As Section VI.C of each of the RFOs states: “[a]t the date of submission for Regulatory Approval of selected Final Offers, an additional Offer Deposit of $5 per kW (for a total of $10 per kW of the maximum monthly Capacity) will be required from each selected Participant with respect to each selected Offer.” After regulatory approval, the participant must post the Delivery Date security. After the Delivery Date security is posted, the Offer Deposit of $10/kW will be returned. 24) Would a price alteration between the Initial Offer and the Final Offer due to interest rate fluctuations be considered a “material misrepresentation”? Alternately, will PG&E accept bids in which the pricing is variable and tied to an interest rate benchmark, as long as the rationale is explained? (1-4-05) As Section VII. B. 3, of the of each of the RFOs states, Participants may provide a Term Sheet “that is marked to show any proposed changes”. Furthermore, as that section states, “any material changes propose
Related Questions
- When does the participant have to post the additional Offer Deposit and when will it be returned? When does the Participant have to post the Delivery Date Security?
- May a landlord ask for and receive an additional security deposit for pets?
- Is there a minimum monthly rental. security deposit, or additional fees?
