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Credit Reference Letter From Utility Company
Credit Reference Letter From Utility Company
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FORM OF LETTER OF CREDIT
Issuing Bank Letterhead and Address
STANDBY LETTER OF CREDIT NO. XXXXXXXX
Date: ________
Beneficiary:
Pacific Gas and Electric Company
Applicant:
Electric Generation
Interconnection
245 Market Street
San Francisco, CA 94105
Attn: Omid Sarvian
Letter of Credit Amount: US $_________
Expiry Date:
Ladies and Gentlemen:
By order of ______________ (the “Applicant”) for the _____________ project (Queue #) (the
“Project”), __________________ (the “Bank” ) hereby issues in favor of Pacific Gas and
Electric Company (the “Beneficiary”) this irrevocable standby letter of credit No. ________ (the
“Letter of Credit”), for the account of Applicant, for drawings up to but not to exceed the
aggregate sum of U.S. $___________ (____________Dollars and no cents) (the “Letter of Credit
Amount”), which is the cost responsibility assigned to [Insert name of party entering into a
GISPA, LGISPA,SGIP, LGIP, GIP, GIDAP or GIA with Beneficiary] for Beneficiary’s
Interconnection Facilities/Network Upgrades (Separate LC’s are Required for IF and NU) related
to the Project, pursuant to the California Independent System Operator Tariff.
This Letter of Credit is available with the Bank by sight payment, at the Bank’s offices located at
the address stated below, effective immediately, and it will expire at close of business on
_________ (the “Expiry Date”).
Funds under this Letter of Credit are available to the Beneficiary against presentation of the
following documents:
1. Beneficiary’s signed and dated sight draft in the form of Exhibit A hereto, referencing this
Letter of Credit No. [Insert number] and stating the amount of the demand; and
Credit Reference Letter From Utility Company Previous Page
source: caiso.com
Credit Reference Letter From Utility Company
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