No Rent Until 25 Megawatts Are Energized at the Demarcation Point
A lease signed on 4 September 2026 for a converted power plant in Niagara Falls makes rent commencement wait on the utility. The Commencement Date Conditions are not satisfied until the full Critical Load Power for a phase is energized and available for continuous use at the demarcation point, and every interconnection and power-supply contract is in force. On 25 megawatts at the $145.00 per kW per month the lease uses for its design specifications, each month of delay is about $3.6 million of base rent the landlord cannot bill. The list of Excused Delays that moves the target date does not include utility delay, which a form lease filed by another developer the same week does include.