Term Sheet Summary The Term Sheet documents for Georgia Power, MEAG, and Oglethorpe Power consist

of two main parts – a conditional commitment letter and the Term Sheets themselves. The conditional commitment letters provide that the Term Sheets set forth the terms and conditions of DOE’s loan guarantee offer to each company and discuss various representations, warranties, and covenants associated with the loan guarantee. The Term Sheets list the principal terms and conditions of the loan guarantee including funding commitments, amortization, interest rates, DOE fees, and credit subsidy fees. Much of this financial information is redacted under FOIA’s trade secrets exemption. Remarkably, DOE claims that the terms and conditions of the loan guarantee were set by the applicants themselves.

Master your semester with Scribd & The New York Times

Special offer for students: Only $4.99/month.

Master your semester with Scribd & The New York Times

Cancel anytime.