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REC Sales Strategies<br />

• REC Sales<br />

• Register/Qualify in multiple<br />

programs<br />

• Forward sales of generation<br />

• RPS requirements will<br />

increase significantly<br />

• Market for longer term sales<br />

not well developed<br />

Expected<br />

REC Volume<br />

(1,000/yr)*<br />

$/REC<br />

2013<br />

$/REC<br />

2017<br />

Sandy Ridge (PA) 95 $1.19 $15.20<br />

Minonk (IL) 400 $2.14 $15.20<br />

Senate (TX) 305 $2.10 $3.39<br />

Windsor Locks(CT) 75 $11.00 $11.91<br />

Totals 875 $2.4MM $9.4MM<br />

*APCo’s Share<br />

RPS Requirements<br />

EY2013 EY2014 EY2015 EY2016 EY2017<br />

PA 4% 4.5% 5% 5.5% 6%<br />

IL 7% 8% 9% 10% 11.5%<br />

CT 11% 12.5% 14% 15.5% 17%<br />

TX 5,880 MW by 2014 10,000 MW by 2025<br />

38

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