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April 3, 2012

April 3, 2012. FIT Contract Management Update Perry Cecchini, Manager FIT/RESOP Ontario FIT Forum. Outline. Contract Milestones: Contract Offer Notice to Proceed Commercial Operation Compliance Audits Questions. Introduction.

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April 3, 2012

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  1. April 3, 2012 FIT Contract Management Update Perry Cecchini, Manager FIT/RESOP Ontario FIT Forum

  2. Outline • Contract Milestones: • Contract Offer • Notice to Proceed • Commercial Operation • Compliance Audits • Questions

  3. Introduction • Two different teams at the OPA work directly on the FIT Program: • Procurement Team; and • Contract Management Team. • OPA Procurement Team looks after FIT Applications from review to offering FIT Contracts. • Contracts once accepted will be looked after by the Contract Management Team. • There is an analyst is assigned to each FIT Contract

  4. FIT Contract Milestones • Contract Offer Supplier must execute the FIT contract cover page. • Supplier acceptance timelines (including submission of performance security) must be met 2. Notice to Proceed (NTP) • Complete NTP request submission includes: • NTP Request Form • Financing Plan • Domestic Content Plan • Applicable environmental approval (Renewable Energy Approval or equivalent) • Impact assessments (If NTP application is submitted after the expiry of an impact assessment, evidence of a Connection Cost Recovery Agreement must be submitted).

  5. FIT Contract Milestones 2. NTP (Continued) • There is an NTP Request deadline that Suppliers must meet. • Milestone Date for Commercial Operation for Small FIT facilities (or Capacity Allocation Exempt facilities under generation one contracts) • Six months prior to the Milestone Date for Commercial Operation for Large FIT facilities (or Capacity Allocation Required facilities under generation one contracts) • Failure to meet these deadlines is a Supplier Event of Default. • Incremental Security is required within 30 days of receipt of Notice to Proceed.

  6. FIT Contract Milestones 3. Commercial Operation Date (COD) • COD Requirements • Exhibit F – Suppliers Certificate • Exhibit G – Independent Engineer’s Certificate • Single Line Diagram (as built) • Metering Plan (if required) or evidence that meters are Measurement Canada approved. • Failure to bring a facility into commercial operation on or prior to the Milestone Date for Commercial Operation could lead to: • Partial loss of Contract Term • Liquidated Damages (in certain situations) • Supplier Event of Default (in certain situations)

  7. Compliance Audits • The FIT Contract provides the OPA with broad audit rights. • The OPA is currently conducting a Domestic Content Compliance Audit on certain FIT contracted facilities that reached COD prior to December 31, 2011. • Facilities chosen for audit were selected randomly and Suppliers were notified on March 23, 2012. • The deadline for Suppliers of audited facilities to submit requested documents is May 07, 2012. • The OPA expects to conduct periodic Compliance Audits.

  8. Thank you! Questions and Comments?

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