20.61.06.17

.17 Extension of OREC Price Schedule Beyond the Term.

A. Each qualified offshore wind project shall report all of the following information to the Commission within 2 years before the expiration of the term of an OREC price schedule:

(1) Anticipated PJM revenues for the project for the 5-year period immediately following expiration of the term of the OREC price schedule; and

(2) Anticipated project operating costs for the project for the 5-year period immediately following expiration of the term of the OREC price schedule.

B. Each qualified offshore wind project shall report all of the following information to the Commission within 2 years of expiration of an additional 5-year term extended under Public Utilities Article, §7-704.2(d), Annotated Code of Maryland:

(1) Anticipated PJM revenues for the project for the 5-year period immediately following expiration of the 5-year term extended under Public Utilities Article, §7-704.2(d), Annotated Code of Maryland; and

(2) Anticipated project operating costs for the project for the 5-year period immediately following expiration of the 5-year term extended under Public Utilities Article, §7-704.2(d), Annotated Code of Maryland.