The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst
: Thanks. So just a quick follow-up on Sean's question on the Chilean refi. So is there any flexibility on the refi for a future growth in terms of like
upsizing debt at a later date or adding additional tranches?
Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst
: And then for Michel, in terms of the PPA discussions and settlements, so can you just confirm for Boswell Springs, you said that PPA is finalized and
that's consistent within the industry range of that 15% to 30% improvement?
Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst
: And then just moving to Palomino, from that perspective, the PPA discussions, I think you guys have given an offer to the current offtakers and
they are still deciding on whether to accept a bid or has that all been accepted and sorted?
Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst
: And then just one last question, switching over to France. So you've canceled a few contracts to get exposure to the strong merchant power prices.
Are you in the process of reviewing additional projects to cancel contracts, and I presume if you are, you probably want to do that relatively soon,
given that the winter prices in France are really high?
Question: Nelson Ng - RBC Capital Markets, Research Division - Analyst
: Thanks, I will (inaudible) there.
Question: Benjamin Pham - BMO Capital Markets Equity Research - Analyst
: You mentioned the strong French spot prices, and I assume that (inaudible) is also helping you guys as well. I'm wondering then, have you seen
any change in how your lenders view spot pricing, are they more willing to give you more length in the debt or just take on more debt, is there
been any change from their perspective?
Question: Benjamin Pham - BMO Capital Markets Equity Research - Analyst
: And maybe a follow-up on your payout ratio. I'm wondering, can you remind me your adjusted payout ratio, what are the key adjustments, I know
last year at the Texas storm in 2021 (inaudible) what's driving the adjustment again?
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