{
  "artifact_type": "public_financing_scope_conflict_receipt",
  "as_of_date": "2026-09-03",
  "boundary": "Public inclusion does not establish exclusive financed population or event-level facility allocation. Later PJM balances are not attributed to Great Bay by arithmetic.",
  "buyer_value_usd": 0,
  "economics_shadow_ready": false,
  "event_to_financing_binding": false,
  "exclusive_transaction_population_bound": false,
  "named_project_inclusion": true,
  "next_zero_data_questions": [
    "Was the up-to-$30m Great Bay transaction governed as a Steward Creek-only facility or as a broader Hexagon PJM portfolio facility?",
    "If Steward Creek was included, which PJM queue request or interconnection security obligation did the Great Bay facility support?",
    "Was that support cash, letter of credit, other security, or a mix, and what amount was tied to the specific event?",
    "Did the facility state change when Steward Creek was sold to TerraForm?"
  ],
  "private_data_allowed": false,
  "public_scope_observations": [
    {
      "boundary": "Does not identify queue request, instrument, posting, amount allocation or state that Steward Creek is the only financed project.",
      "checked_date": "2026-09-03",
      "commercial_treatment": "retain_project_inclusion_only",
      "no_contact_action_taken": "true",
      "public_scope_statement": "Up to $30m to support upcoming interconnection security requirements to advance Hexagon's 1.2 GW Steward Creek project in PJM",
      "scope_state": "NAMED_PROJECT_INCLUDED",
      "source_role": "Great Bay Renewables / capital provider",
      "source_url": "https://www.greatbayroyalties.com/news/great-bay-renewables-announces-financing-for-development-partner-hexagon-energy-to-fund-pjm-interconnection-deposit/"
    },
    {
      "boundary": "Does not negate Great Bay's named Steward Creek inclusion, but prevents treating the transaction as exclusively single-project.",
      "checked_date": "2026-09-03",
      "commercial_treatment": "preserve_scope_conflict",
      "no_contact_action_taken": "true",
      "public_scope_statement": "Up to $30m to support upcoming interconnection security requirements to advance Hexagon's 3.4 GW PJM portfolio",
      "scope_state": "BROADER_PORTFOLIO_SCOPE_PUBLIC",
      "source_role": "Hexagon Energy / development counterparty",
      "source_url": "https://hexagon-energy.com/hexagon-energy-news/great-bay-renewables-announces-financing-for-development-partner-hexagon-energy-to-fund-pjm-interconnection-deposits"
    },
    {
      "boundary": "Counsel description independently reinforces that exclusive transaction population is unresolved; it does not establish facility membership for any other named project.",
      "checked_date": "2026-09-03",
      "commercial_treatment": "preserve_scope_conflict",
      "no_contact_action_taken": "true",
      "public_scope_statement": "Up to $30m to support upcoming interconnection security requirements to advance Hexagon's 3.4 GW PJM portfolio",
      "scope_state": "BROADER_PORTFOLIO_SCOPE_PUBLIC",
      "source_role": "Pierce Atwood / Great Bay transaction counsel",
      "source_url": "https://www.pierceatwood.com/experience?industry=32191&page=2&practice=32191"
    }
  ],
  "status": "NAMED_PROJECT_INCLUDED_TRANSACTION_SCOPE_CONFLICT_AND_EVENT_BINDING_REQUIRED",
  "target": "Hexagon / Great Bay / Steward Creek"
}