Montalva"The settlement agreement provides for, among other things: (i) PBJL withdrawing its US $951 Million claim against PREPA; (ii) PBJL pricing that is less than or similar to the RFP Public Tranche contracts; (iii) providing four hours of 45% storage included within its base price; (iv) using the Montalva PPOA previously approved by PREPA in 2020 as the base document for final settlement; (v) PBJL covering transmission upgrades; (vi) using a project size of 80MWac (160MWdc); and (vii) providing an option for 160MWac (320MWdc) project at PREPA’s sole discretion."
No recourse if the PREB agrees and then the FOMB turns them down.
Likely won't even be entertained until PREPA is out of bankruptcy protection.
Contract would be the lowest priced PPOA with free battery storage and $15M+ in free transmission, making it significantly cheaper then the lowest PPOA.
"A previous interconnection study and evaluation preformed by Sargent & Lundy Engineers, under the direction of PREPA, established the availability of 80 MW of transmission capacity available for Montalva."
Interconnection study was performed over a decade ago. Before Costa Sur Power staion was upgraded with more MWs brought online and also before other solar projects were loaded onto the same system.
Again my opinion, is they are merely trying to receive the approvals for share price increase and release of bonuses. Financing still needs to acquired, environmental (environmentalists court proceedings are waiting) and permitting to build.
PREPA doing everything to get it off their books.
Not to mention the PR100 report has changed priorities for how solar renewables are to come online.
More wait and see.