Interesting model here per the 8-K and $AEP release >WULF agrees to pay estimated financing costs associated with construction of Kentucky Power's ($AEP) planned 760MWs combined cycle generation facility at Big Sandy. >WULF offers to provide $100M in winter bill credits for Kentucky Power's residential customers over the first 10 years off the contract (estimates this will equate to ~$25 per month during winter heating season per customer, with credits beginning in 2029) >Agreement includes collateral requirements from WULF (announced upsizing the senior secured revolver this morning, from current $250M) >Kentucky Power will seek regulatory approvals later this year "Paying the interest costs on 760MW of new gas generation". Here's how it likely works: Kentucky Power is a regulated util
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