GoofGoof
Premium Member
Yes, for sure. I wouldn’t expect RCID to act any differently. What is more interesting to me is that 2 other entities are willing to sign on for a period beyond next June. Without seeing the contract we have no idea if the risks for them are addressed. It’s possible they have a make whole payment should the district be dissolved or a clause that the contracts are assigned to another entity should the district be dissolved. It’s also possible that the price paid may be above market with a larger than normal counter-party credit risk premium. Typically selling power to a highly rated municipality is virtually risk free, but this situation is different.RCID has no choice but to operate business as usual especially when it comes to something like electricity. No matter what happens, WDW needs power. I think who will pay the electricity bill after RCID is gone is the question.