Common use of Average Mid Clause in Contracts

Average Mid. Note: For a monthly forward price from a broker to be included, both bid and offer must be available. EXAMPLE Table 5 - Data set on the Closing Day of the Auction Energy (MWh/tranche) On-Peak Load per Tranche Off-Peak Inception Current Change in Change in Load per On-Peak Day On- On-Peak Off-Peak MtM Tranche Price Peak Price Price Price1 (MWh) (MWh) Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Total Note: Inception on-peak price is equal to on-peak price set on the closing day of the auction. 1 Change in on-peak price multiplied by ratio of off-peak price to on-peak price. APPENDIX C TO BGS-RSCP SUPPLIER MASTER AGREEMENT, DATED , 2020, BY AND BETWEEN AND THE BGS-RSCP SUPPLIERS Sample BGS-RSCP Letter of Credit (Date) Letter of Credit No. To: [One of the following: Atlantic City Electric Company or Jersey Central Power & Light Company or Public Service Electric and Gas Company or Rockland Electric Company] (“Beneficiary”) Attention: [name, title, address]

Average Mid. Note: For a monthly forward price from a broker to be included, both bid and offer must be available. EXAMPLE Table 5 - Data set on the Closing Day of the Auction Energy (MWh/trancheTranche) On-Peak Load per Tranche (MWh) Off-Peak Inception Current Change in Change in Load per Tranche (MWh) Inception On-Peak Price Current Day On- Peak Price Change in On-Peak Price Change in Off-Peak Price1 MtM Tranche Price Peak Price Price Price1 (MWh) (MWh) Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Total Note: Inception on-peak price is equal to on-peak price set on the closing day of the auction. 1 Change in on-peak price multiplied by ratio of off-peak price to on-peak price. APPENDIX C TO BGS-RSCP SUPPLIER MASTER AGREEMENT, DATED , 20202023, BY AND BETWEEN AND THE BGS-RSCP SUPPLIERS SUPPLIERS‌ Sample BGS-RSCP Letter of Credit (Date) Letter of Credit No. To: [One of the following: Atlantic City Electric Company or Jersey Central Power & Light Company or Public Service Electric and Gas Company or Rockland Electric Company] (“Beneficiary”) Attention: [name, title, address]

Average Mid. Note: For a monthly forward price from a broker to be included, both bid and offer must be available. EXAMPLE Table 5 - Data set on the Closing Day of the Auction Energy (MWh/trancheTranche) On-Peak Load per Tranche (MWh) Off-Peak Inception Current Change in Change in Load per Tranche (MWh) Inception On-Peak Price Current Day On- Peak Price Change in On-Peak Price Change in Off-Peak Price1 MtM Tranche Price Peak Price Price Price1 (MWh) (MWh) Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Total Note: Inception on-peak price is equal to on-peak price set on the closing day of the auction. 1 Change in on-peak price multiplied by ratio of off-peak price to on-peak price. APPENDIX C TO BGS-RSCP SUPPLIER MASTER AGREEMENT, DATED , 20202022, BY AND BETWEEN AND THE BGS-RSCP SUPPLIERS SUPPLIERS‌ Sample BGS-RSCP Letter of Credit (Date) Letter of Credit No. To: [One of the following: Atlantic City Electric Company or Jersey Central Power & Light Company or Public Service Electric and Gas Company or Rockland Electric Company] (“Beneficiary”) Attention: [name, title, address]

Average Mid. Note: For a monthly forward price from a broker to be included, both bid and offer must be available. EXAMPLE Table 5 - Data set on the Closing Day of the Auction Energy (MWh/tranche) On-Peak Load per Tranche (MWh) Off-Peak Inception Current Change in Change in Load per Tranche (MWh) Inception On-Peak Price Current Day On- Peak Price Change in On-Peak Price Change in Off-Peak Price8 MtM Tranche Price Peak Price Price Price1 (MWh) (MWh) Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Total Note: Inception on-peak price is equal to on-peak price set on the closing day of the auction. 1 8 Change in on-peak price multiplied by ratio of off-peak price to on-peak price. APPENDIX C TO BGS-RSCP FP SUPPLIER MASTER AGREEMENT, DATED , 20202010, BY AND BETWEEN AND THE BGS-RSCP FP SUPPLIERS Sample BGS-RSCP FP Letter of Credit (Date) Letter of Credit No. To: [One of the following: Atlantic City Electric Company (“ACE”) or Jersey Central Power & Light Company (“JCP&L”) or Public Service Electric and Gas Company (“PSE&G”) or Rockland Electric Company] Company (“BeneficiaryRECO”) Attention: [name, title, address)]

Average Mid. Note: For a monthly forward price from a broker to be included, both bid and offer must be available. EXAMPLE Table 5 - Data set on the Closing Day of the Auction Energy (MWh/trancheTranche) On-Peak Load per Tranche Off-Peak Inception Current Change in Change in Load per On-Peak Day On- On-Peak Off-Peak MtM Tranche Price Peak Price Price Price1 (MWh) (MWh) Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 Apr-27 May-27 Total Note: Inception on-peak price is equal to on-peak price set on the closing day of the auction. 1 Change in on-peak price multiplied by ratio of off-peak price to on-peak price. APPENDIX C TO BGS-RSCP SUPPLIER MASTER AGREEMENT, DATED , 20202024, BY AND BETWEEN AND THE BGS-RSCP SUPPLIERS Sample BGS-RSCP Letter of Credit (Date) Letter of Credit No. To: [One of the following: Atlantic City Electric Company or Jersey Central Power & Light Company or Public Service Electric and Gas Company or Rockland Electric Company] (“Beneficiary”) Attention: [name, title, address]

Average Mid. Note: For a monthly forward price from a broker to be included, both bid and offer must be available. EXAMPLE Table 5 - Data set on the Closing Day of the Auction Energy (MWh/trancheTranche) On-Peak Load per Tranche (MWh) Off-Peak Inception Current Change in Change in Load per Tranche (MWh) Inception On-Peak Price Current Day On- Peak Price Change in On-Peak Price Change in Off-Peak Price1 MtM Tranche Price Peak Price Price Price1 (MWh) (MWh) Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 Apr-27 May-27 Jun-27 Jul-27 Aug-27 Sep-27 Oct-27 Nov-27 Dec-27 Jan-28 Feb-28 Mar-28 Apr-28 May-28 Total Note: Inception on-peak price is equal to on-peak price set on the closing day of the auction. 1 Change in on-peak price multiplied by ratio of off-peak price to on-peak price. APPENDIX C TO BGS-RSCP SUPPLIER MASTER AGREEMENT, DATED , 20202025, BY AND BETWEEN AND THE BGS-RSCP SUPPLIERS SUPPLIERS‌ Sample BGS-RSCP Letter of Credit (Date) Letter of Credit No. To: [One of the following: Atlantic City Electric Company or Jersey Central Power & Light Company or Public Service Electric and Gas Company or Rockland Electric Company] (“Beneficiary”) Attention: [name, title, address]

Average Mid. Note: For a monthly forward price from a broker to be included, both bid and offer must be available. EXAMPLE Table 5 - Data set on the Closing Day of the Auction Energy (MWh/tranche) On-Peak Load per Tranche (MWh) Off-Peak Inception Current Change in Change in Load per Tranche (MWh) Inception On-Peak Price Current Day On- Peak Price Change in On-Peak Price Change in Off-Peak Price1 MtM Tranche Price Peak Price Price Price1 (MWh) (MWh) Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Total Note: Inception on-peak price is equal to on-peak price set on the closing day of the auction. 1 Change in on-peak price multiplied by ratio of off-peak price to on-peak price. APPENDIX C TO BGS-RSCP SUPPLIER MASTER AGREEMENT, DATED , 20202016, BY AND BETWEEN AND THE BGS-RSCP SUPPLIERS Sample BGS-RSCP Letter of Credit (Date) Letter of Credit No. To: [One of the following: Atlantic City Electric Company or Jersey Central Power & Light Company or Public Service Electric and Gas Company or Rockland Electric Company] (“Beneficiary”) Attention: [name, title, address]

Average Mid. Note: For a monthly forward price from a broker to be included, both bid and offer must be available. EXAMPLE Table 5 - Data set on the Closing Day of the Auction Energy (MWh/trancheTranche) On-Peak Load per Tranche (MWh) Off-Peak Inception Current Change in Change in Load per Tranche (MWh) Inception On-Peak Price Current Day On- Peak Price Change in On-Peak Price Change in Off-Peak Price1 MtM Tranche Price Peak Price Price Price1 (MWh) (MWh) Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 Apr-27 May-27 Total Note: Inception on-peak price is equal to on-peak price set on the closing day of the auction. 1 Change in on-peak price multiplied by ratio of off-peak price to on-peak price. APPENDIX C TO BGS-RSCP SUPPLIER MASTER AGREEMENT, DATED , 20202024, BY AND BETWEEN AND THE BGS-RSCP SUPPLIERS SUPPLIERS‌ Sample BGS-RSCP Letter of Credit (Date) Letter of Credit No. To: [One of the following: Atlantic City Electric Company or Jersey Central Power & Light Company or Public Service Electric and Gas Company or Rockland Electric Company] (“Beneficiary”) Attention: [name, title, address]

Average Mid. Note: For a monthly forward price from a broker to be included, both bid and offer must be available. EXAMPLE Table 5 - Data set on the Closing Day of the Auction Energy (MWh/tranche) On-Peak Load per Tranche (MWh) Off-Peak Inception Current Change in Change in Load per Tranche (MWh) Inception On-Peak Price Current Day On- Peak Price Change in On-Peak Price Change in Off-Peak Price1 MtM Tranche Price Peak Price Price Price1 (MWh) (MWh) Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Total Note: Inception on-peak price is equal to on-peak price set on the closing day of the auction. 1 Change in on-peak price multiplied by ratio of off-peak price to on-peak price. APPENDIX C TO BGS-RSCP SUPPLIER MASTER AGREEMENT, DATED , 20202016, BY AND BETWEEN AND THE BGS-RSCP SUPPLIERS Sample SAMPLE BGS-RSCP Letter of Credit LETTER OF CREDIT (Date) Letter of Credit No. To: [One of the following: Atlantic City Electric Company (“ACE”) or Jersey Central Power & Light Company (“JCP&L”) or Public Service Electric and Gas Company (“PSE&G”) or Rockland Electric Company] Company (“BeneficiaryRECO”) Attention: [name, title, address)]

Average Mid. Note: For a monthly forward price from a broker to be included, both bid and offer must be available. EXAMPLE Table 5 - Data set on the Closing Day of the Auction Energy (MWh/trancheTranche) On-Peak Load per Tranche (MWh) Off-Peak Inception Current Change in Change in Load per Tranche (MWh) Inception On-Peak Price Current Day On- Peak Price Change in On-Peak Price Change in Off-Peak Price1 MtM Tranche Price Peak Price Price Price1 (MWh) (MWh) Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Total Note: Inception on-peak price is equal to on-peak price set on the closing day of the auction. 1 Change in on-peak price multiplied by ratio of off-peak price to on-peak price. APPENDIX C TO BGS-RSCP SUPPLIER MASTER AGREEMENT, DATED , 20202021, BY AND BETWEEN AND THE BGS-RSCP SUPPLIERS Sample BGS-RSCP Letter of Credit (Date) Letter of Credit No. To: [One of the following: Atlantic City Electric Company or Jersey Central Power & Light Company or Public Service Electric and Gas Company or Rockland Electric Company] (“Beneficiary”) Attention: [name, title, address]

Average Mid. Note: For a monthly forward price from a broker to be included, both bid and offer must be available. EXAMPLE Table 5 - Data set on the Closing Day of the Auction Energy (MWh/tranche) On-Peak Load per Tranche (MWh) Off-Peak Inception Current Change in Change in Load per Tranche (MWh) Inception On-Peak Price Current Day On- Peak Price Change in On-Peak Price Change in Off-Peak Price1 MtM Tranche Price Peak Price Price Price1 (MWh) (MWh) Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Total Note: Inception on-peak price is equal to on-peak price set on the closing day of the auction. 1 Change in on-peak price multiplied by ratio of off-peak price to on-peak price. APPENDIX C TO BGS-RSCP SUPPLIER MASTER AGREEMENT, DATED , 20202017, BY AND BETWEEN AND THE BGS-RSCP SUPPLIERS Sample BGS-RSCP Letter of Credit Credit‌ (Date) Letter of Credit No. To: [One of the following: Atlantic City Electric Company or Jersey Central Power & Light Company or Public Service Electric and Gas Company or Rockland Electric Company] (“Beneficiary”) Attention: [name, title, address]