Bock, Maureen me; Mamn snain Sent: Tuesday, February To: Back. Maureen Subiect: Maureen .. Please revtew and let's dlscussw Follow Up Flag: Follow up .Flag status: Flagged Maureen I didn't want lo create atltliliunal work durlng the recent budget hearings, but there are several elements which we=ve nlieady touched on, that I need to ask you to plense help me Written Two of the oiegcn System ha new been completed it osu with the remainder still queued, permitted and waiting fm' PaelfiCru'p utility-side upgladcs or studies to complete. Due ID the broad innihet challenges with project finance. the remaining University System proj ects mum proceed if mete is any ambiguity specific he the Department nfh'ucxgy 1313105. I know how busy everyone is. so with apologies, please consider these requests, and let's discuss as soon as you'rc able. l'llcre an: no "canh movln ssucs here: but each has become absolutely necessary lu clarify before the projects can move to completion. 1) 1} Due tn the delaya in obtaining Pne urp system upgrades, which we've discussed It was necessary in move nu oftlle Univmity Syslem projects under new, longer term fund. The fund name is "Mound Solar Owner and now applies to all ofthe amendments that Evan has been working on 2) 2) Two of those amendments. specific to projects at OSU [Carried project 'fivnrking names" nf Salmon and VMail, have been completed and it would be very 'th muld be released. I behave Lhal any questions had already been addiessed. and was 0K to move pa our last meeting Evan before Lhe budget pxepamliun burdens began in damsel. As above, the project "working names" of VMnil and Salmon should become the formal entity name, "Mound Solar Owner VI, 3) 3) Also as we've discussed, and confidential. we conLlnuc to have signiliuetnl uhdllenges with on tnndule pmcutemet were alt-eddy in place Pnel'ng per wait has been all while deep cunucms in lhe l'manu wmmumly abuul their llqtu are creating Very difficult proj e91 finance issues. Additiomlly) we must consider long-term warranty coverage We now have alternative modules nits manufactum. and Very possibly Oregon manufacture, dini are both end within cost. While H1ch is no requirement, good faith 1 Wanted to make these concerns known 4nd for your uclmowledgement. If we are unable to some to financeahle terms with Solaanrld, we feel lhat we have 1 no choice but to negotiate with other manufacture". This being said, we will conliuue lo make even cllurt in ensure lhat Oregon material) and labor an: being utilized) whalcvez feasible. 4) 4) Finally: and again an issue that we talked about, Within rule change hearing on shimmy 7, Ihcrc was lexl related in Hunting the allowance of a tiansfm of a tax credit after 1 year, We diicussed that this would create the unintended consequence nfplacing the Kniveisiw System project financing in default as an agreement had been matte over a yea ago with a major financial institution to the BET Cs to them in 2016) when they would have OI egon tax liability to ostet. As there were no time preclusions on the passr through, the agreement was made. which allowed lhz: projects lu move forward, ilh rule modification, any inrplacl) pmicct financing that iclies upon an agreed deferral of a W'l ll potentially be in defaull under this element. A letter allowing a BETC to be transferitd beyond 1 year limil, in [he evcul that an existing agteemm'll was in place, would likely suflficcl A blunder solution tn prevent the cansequence my he far dmfi rule to be If it were to specifically refer to ORS 314.078: and clearly indie lhal a taxpayer does not "claim" the credit when it holds a certificate for >alc to a There may be an additional, albeit nuanced, unintended unmequcnre under the revise-l rules but it Silil'u'qllifCS a look at sonic case law before a flag should be attached I'll let you know asap (in [his Ifyou would picase consider (ht elsmenls abovc, and lim- discuss. 1 would be very appreciative, I'll make myself available at your convenience. As always, my thanks. Martin Matti}: 51min BaeGen Energy Engineering Us Dept of Energy Contractor of The Year Award Rcm'picnt Sent With A'l 1' Global chwl'ks