Annual Purchase Price. The annual purchase price for the Long-Term Storage Credits to be transferred pursuant to this Agreement will vary from year to year and shall be based on components of the Central Arizona Project (“CAP”) published annual rate schedule. The purchase price for 6,500 acre-feet of Long-Term Storage Credits to be sold by Peoria under this Agreement in 2018 is $1,507,415 calculated using the formula described in Section 2.5 below.
Annual Purchase Price. The annual purchase price for the Long-Term Storage Credits to be transferred pursuant to this Agreement will vary from year to year and shall be based on components of the Central Arizona Project (“CAP”) published annual rate schedule. The purchase price for 6,600 acre-feet of Phoenix Long-Term Storage Credits to be sold by Ak- Chin under this Agreement in 2019 is $1,488,498.00 calculated using the corresponding formula described in Article 2.5 below. The purchase price for 4,815 acre-feet of Tucson Long-Term Storage Credits to be sold by Ak-Chin under this Agreement in 2019 is $1,096,182.90 calculated using the corresponding formula described in Article 2.5 below.
