SUBJECT: Central 70 Project Agreement – Commercial CloseNovember 14th, 2017
FiledNovember 14th, 2017A request for approval of the Project Agreement and associated other agreements as part of Commercial Close for the Central 70 Project (the “Project”) is scheduled for November 15, 2017. Prior to approving execution of the Project Agreement, the Boards are being asked to review and approve, in their entirety, the Project Agreement and the associated financial, commercial and technical schedules (together, the “PA”), as well as direct agreements between the Enterprises and the Construction Contractor and O&M Contractor, as well as a Financial Model Escrow Agreement. This memorandum provides a summary of the Project and key provisions of the PA.