ferc filed! , page-36

Possum,

Given the tolling agreements will be null and void if the project doesn't get financing then isn't financial completion the guarantee that tolling partners would need in order to be confident that their long term contracts are safe. Until then isn't it just a question of whether the company has the money to get to financial completion (and of course on the non-financial side that the project will progress, be approved, and be built). In that time period the tolling partners are effectively just locking themselves out of signing a deal elsewhere in the event that financial completion doesn't come. I don't see why the company needs to provide any financial assurances as to cash as bank to the tolling partners beyond that; it's not like the company is planning to fund the project out of equity. Correct me where my thinking is wrong.