Developer With "Inkjet Printer" Itemized On Balance Sheet Expects to Satisfy $18,000,000 IX Deposit With Letter Of Credit

DENVER, CO - A local two-person development shop which has placed in service 8.3 MW, has $82,206.34 in their bank account, and took care to list out their inkjet printer on the corporate balance sheet has revealed their plans for satisfying an $18M interconnection deposit.

“My plan? What do you mean? Xcel lets you cover those deposits with LCs, so obviously I’ll just do that,” said CEO Larry Westerman. When asked if he was confident that the firm - which has only existed for 4 years and never produced positive net income - would be deemed creditworthy by a domestic bank (the only institutions which issue letters of credit in the US) Westerman said, "the branch manager at my local Bank of The West expressed interest in better understanding my business needs, so I’m pretty sure when I tell him I need $18M of LCs at 1% he’ll make that happen for me. Not a big deal. I’m a really important client of theirs.”

Westerman has no Plan B, and insists none is required. “Everyone is getting LCs in the market. I hear people say ‘letter of credit’ all the time, which means people must be handing them out like stickers at the dentist, no? I’ll be fine. If that doesn’t come through I’ll just get like a 2.5% revolver. That’s a word people say, too, right?”