Common use of CAISO Hourly RECLAIM Trading Credit Cost Clause in Contracts

CAISO Hourly RECLAIM Trading Credit Cost. For each hour, the CAISO Hourly RECLAIM Trading Credit (“RTC”) Cost for NOx emissions required for the Unit to generate the Billable MWh is calculated in accordance with Equation C1-12. ◆ Equation C1-12 CAISO Hourly RECLAIM Trading Credit Cost ($/hr) Hourly NOx = Emissions (lbs/hr) RECLAIM NOx ◆ Trading Credit Rate ($/lb) Billable MWh Hourly Metered Total Net Generation Where: • Hourly NOx Emissions is calculated in accordance with Equation C1-13. Equation C-13 Hourly NOx Emissions (lbs/hr) = AX2 + BX + C • X is the Hourly Metered Total Net Generation for the hour. • Coefficients A, B, and C are given in Table C1-13 for each Unit. Table C1-13 Description of Unit A B C The RECLAIM NOx Trading Credit Rate ($/lb) will be equal to the 13-week sales-weighted average sales price for RTCs calculated as of the last day of the Month from sales records available from the SCAQMD for all actual sales in the SCAQMD during the thirteen preceding weeks, including the Settlement Period.

CAISO Hourly RECLAIM Trading Credit Cost. For each hour, the CAISO Hourly RECLAIM Trading Credit (“"RTC”") Cost for NOx emissions required for the Unit to generate the Billable MWh is calculated in accordance with Equation C1-12. ◆ Equation C1-12 CAISO Hourly RECLAIM Trading Credit Cost ($/hr) = Hourly NOx = Emissions (lbs/hr) ­ RECLAIM NOx ◆ Trading Credit Rate ($/lb) ­ Billable MWh Hourly Metered Total Net Generation Where: •  Hourly NOx Emissions is calculated in accordance with Equation C1-13. Equation C-13 Hourly NOx Emissions (lbs/hr) = AX2 + BX + C • Where:  X is the Hourly Metered Total Net Generation for the hour. •  Coefficients A, B, and C are given in Table C1-13 for each Unit. Table C1-13 Description of Unit A B C The RECLAIM NOx Trading Credit Rate ($/lb) will be equal to the 13-week sales-weighted average sales price for RTCs calculated as of the last day of the Month from sales records available from the SCAQMD for all actual sales in the SCAQMD during the thirteen preceding weeks, including the Settlement Period.

CAISO Hourly RECLAIM Trading Credit Cost. For each hour, the CAISO Hourly RECLAIM Trading Credit (“"RTC”") Cost for NOx emissions required for the Unit to generate the Billable MWh is calculated in accordance with Equation C1-12. ◆ Equation C1-12 RECLAIM NOx Trading Credit Rate ($/lb) Billable MWh CAISO Hourly RECLAIM Trading Credit Cost ($/hr) = Hourly NOx = Emissions (lbs/hr) RECLAIM NOx ◆ Trading Credit Rate ($/lb) Billable MWh -   Hourly Metered Total Net Generation Where: •  Hourly NOx Emissions is calculated in accordance with Equation C1-13. Equation C-13 Hourly NOx Emissions (lbs/hr) = AX2 + BX + C • Where:  X is the Hourly Metered Total Net Generation for the hour. •  Coefficients A, B, and C are given in Table C1-13 for each Unit. Table C1-13 Description of Unit A B C The RECLAIM NOx Trading Credit Rate ($/lb) will be equal to the 13-week sales-sales- weighted average sales price for RTCs calculated as of the last day of the Month from sales records available from the SCAQMD for all actual sales in the SCAQMD during the thirteen preceding weeks, including the Settlement Period.

CAISO Hourly RECLAIM Trading Credit Cost. For each hour, the CAISO Hourly RECLAIM Trading Credit (“"RTC”") Cost for NOx emissions required for the Unit to generate the Billable MWh is calculated in accordance with Equation C1-12. ◆ Equation C1-12 CAISO Hourly RECLAIM Trading Credit Cost ($/hr) = Hourly NOx = Emissions (lbs/hr) ­ RECLAIM NOx ◆ Trading Credit Rate ($/lb) ­ Billable MWh Hourly Metered Total Net Generation Where: •  Hourly NOx Emissions is calculated in accordance with Equation C1-13. Equation C-13 Hourly NOx Emissions (lbs/hr) = AX2 + BX + C • Where:  X is the Hourly Metered Total Net Generation for the hour. •  Coefficients A, B, and C are given in Table C1-13 for each Unit. Table C1-13 Description of Unit A B C ‍ The RECLAIM NOx Trading Credit Rate ($/lb) will be equal to the 13-week sales-weighted average sales price for RTCs calculated as of the last day of the Month from sales records available from the SCAQMD for all actual sales in the SCAQMD during the thirteen preceding weeks, including the Settlement Period.

CAISO Hourly RECLAIM Trading Credit Cost. For each hour, the CAISO Hourly RECLAIM Trading Credit (“RTC”) Cost for NOx emissions required for the Unit to generate the Billable MWh is calculated in accordance with Equation C1-12. ◆ Equation C1-12 CAISO Hourly RECLAIM Trading Credit Cost ($/hr) Hourly NOx = Emissions (lbs/hr) RECLAIM NOx ◆  Trading Credit Rate ($/lb) Billable MWh  Hourly Metered Total Net Generation Where: •  Hourly NOx Emissions is calculated in accordance with Equation C1-13. Equation C-13 Hourly NOx Emissions (lbs/hr) = AX2 + BX + C •  X is the Hourly Metered Total Net Generation for the hour. •  Coefficients A, B, and C are given in Table C1-13 for each Unit. Table C1-13 Description of Unit A B C The RECLAIM NOx Trading Credit Rate ($/lb) will be equal to the 13-week sales-weighted average sales price for RTCs calculated as of the last day of the Month from sales records available from the SCAQMD for all actual sales in the SCAQMD during the thirteen preceding weeks, including the Settlement Period.

CAISO Hourly RECLAIM Trading Credit Cost. For each hour, the CAISO Hourly RECLAIM Trading Credit (“RTC”) Cost for NOx emissions required for the Unit to generate the Billable MWh is calculated in accordance with Equation C1-12. ◆ Equation C1-12 Hourly NOx Emissions (lbs/hr) RECLAIM NOx Trading Credit Rate ($/lb) Billable MWh CAISO Hourly RECLAIM Trading Credit Cost ($/hr) Hourly NOx = Emissions (lbs/hr) RECLAIM NOx ◆ Trading Credit Rate ($/lb) Billable MWh   Hourly Metered Total Net Generation Where: • Hourly NOx Emissions is calculated in accordance with Equation C1-13. Equation C-13 Hourly NOx Emissions (lbs/hr) = AX2 + BX + C • X is the Hourly Metered Total Net Generation for the hour. • Coefficients A, B, and C are given in Table C1-13 for each Unit. Table C1-13 Description of Unit A B C The RECLAIM NOx Trading Credit Rate ($/lb) will be equal to the 13-week sales-weighted average sales price for RTCs calculated as of the last day of the Month from sales records available from the SCAQMD for all actual sales in the SCAQMD during the thirteen preceding weeks, including the Settlement Period.