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The certificate, prepared by RTA Satellite Corporate Services Private Limited, states that no physical share certificates were received for dematerialization during the quarter ended March 31, 2026. This regulatory filing demonstrates the company’s adherence to quarterly reporting requirements for share dematerialization activities. Excludes $1,126 million of capital expenditures related to growth and development and includes $111 million insurance recoveries related to property damage at Martin Lake.<\/p>\n<\/p>\n

One common price structure compensates the energy buyer if the wholesale price rises higher than the market price. Companies receive energy attribute certificatesIn return for their commitment buyers get renewable energy certificates and may also benefit from cost savings \u2013 or even earnings. PPAs are a great fit for large, creditworthy companies with stable energy needs, especially in power-intensive industries like tech, manufacturing, and mining.<\/p>\n<\/p>\n

Regulatory risk<\/h2>\n<\/p>\n

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• Power Purchase Agreement (PPA) produced by Pacificorp for large scale power plants (pdf) – Draft power purchase agreement developed by Pacificorp for power plants in excess of 1000 kilowatt net output – relatively short-form agreement.<\/li>\n
• PPAs de-risk clean energy procurement by locking in the price of electricity and the volume to be supplied at that price.<\/li>\n
• The technology sector is expected to remain the largest buyer of PPAs, as data centres continue to increase capacity to meet soaring demand for power-hungry AI.<\/li>\n
• Employers, policymakers, and other key stakeholders have been urged to intensify efforts toward developing and sustaining healthy psychosocial work environments as a critical pathway to improved productivity, employee well-being, and organisational resilience.<\/li>\n
• Rigorous policy, economic, and engineering research\u2014in conjunction with increased transparency from data center operators and utilities serving them\u2014is crucial for future grid planning as well as for mitigating unwanted environmental, social, and economic impacts.<\/li>\n<\/ul>\n

  PPAs are complex financial contracts that require careful management and monitoring throughout their life. With support from legal, consider if the wording allocates risk fairly between you and the seller. Assess if there are any unexpected risks that were not addressed in the term sheet, and if the commercially sensitive terms are quantifiable. Shape risk captures the fact that generators want to sell their electricity as it\u2019s generated, while buyers want delivery of electricity at times of day that align with their operational needs. Consider a scenario where new carbon pricing or stricter environmental standards are applied to renewable energy procurement portfolios. Volumetric risk is the uncertainty that arises from gaps between the projected and actual volume of clean energy generated and consumed.<\/p>\n<\/p>\n

  What is the difference between a physical PPA and a virtual (financial) PPA?<\/h2>\n<\/p>\n

  Choose to bundle GoOs with your PPA or purchase them separately to support Scope 2 reporting and RE100 goals. With a PPA, you agree to purchase the power generated by the system at a set price per kilowatt-hour (kWh). That\u2019s to say, you\u2019ll be charged for every kilowatt hour (kWh) actually produced each month instead of paying a flat lease charge.<\/p>\n<\/p>\n

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  Data Centers and Large-Scale Electric Growth: The Virginia and Texas Experiences<\/h2>\n<\/p>\n

  As data centers continue to seek rapid power interconnection, alternative financing mechanisms for power procurement\u2014through both utilities and third-party providers\u2014are gaining prominence. For example, firms are increasingly relying on third-party power contracts, which include collateral commitments, long-term power purchase agreements (PPAs),10 availability payments, and upfront capital payments. Additionally, companies are weighing the costs and benefits of co-locating data centers and power generation, despite challenges surrounding siting rules, asset ownership, and regulatory oversight. The Commission has published a Recommendation on removing barriers to the development of power purchase agreements (PPAs) and other energy purchase agreements. PPAs comprise long-term bilateral contracts typically concluded between generators and corporate consumers. They are a key instrument for large consumers to source their energy directly from suppliers (thereby facilitating the construction of new clean energy installations) and provide consumers with price certainty over time for their energy consumption.<\/p>\n<\/p>\n