Common use of CAISO Monthly Emissions Cost Clause in Contracts

CAISO Monthly Emissions Cost. Part 1 for SCAQMD-Jurisdictional Thermal Units The CAISO Hourly Emissions Cost shall be calculated in accordance with Equation C1-11. CAISO Hourly Emissions Cost a. CAISO Hourly RECLAIM Trading Credit Cost ($/hr) ($/hr) = b. + c. CAISO Hourly NOx Emissions Cost ($/hr) + d. CAISO Hourly Organic Gases Emissions Cost e. ($/hr) + f. CAISO Hourly Sulfur Oxides Emissions Cost ($/hr) g. + CAISO Hourly Particulate Matter Emissions Cost ($/hr) + CAISO Hourly Carbon Monoxide Emissions Cost ($/hr) + CAISO Hourly Sulfur Dioxides Trading Credit Costs ($/hr) a. 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)   Hourly Metered Total Net Generation Hourly NOx Emissions is calculated in accordance with Equation C1-13. Hourly NOx Emissions (lbs/hr) = AX2 + BX + C Table C1-13 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. 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 Monthly Emissions Cost. Part 1 for SCAQMD-Jurisdictional Thermal Units The CAISO Hourly Emissions Cost shall be calculated in accordance with Equation C1-11. CAISO Hourly Emissions Cost a. CAISO Hourly RECLAIM Trading Credit Cost ($/hr) ($/hr) = b. + c. CAISO Hourly NOx Emissions Cost ($/hr) + d. CAISO Hourly Organic Gases Emissions Cost e. ($/hr) + f. CAISO Hourly Sulfur Oxides Emissions Cost ($/hr) g. + CAISO Hourly Particulate Matter Emissions Cost ($/hr) + CAISO Hourly Carbon Monoxide Emissions Cost ($/hr) + CAISO Hourly Sulfur Dioxides Trading Credit Costs ($/hr) a. 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)   Hourly Metered Total Net Generation Hourly NOx Emissions is calculated in accordance with Equation C1-13. Hourly NOx Emissions (lbs/hr) = AX2 + BX + C Table C1-13  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 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 Monthly Emissions Cost. Part 1 for SCAQMD-Jurisdictional Thermal Units The CAISO Hourly Emissions Cost shall be calculated in accordance with Equation C1-11. CAISO Hourly Emissions Cost a. CAISO Hourly RECLAIM Trading Credit Cost ($/hr) ($/hr) = b. + c. CAISO Hourly NOx Emissions Cost ($/hr) + d. CAISO Hourly Organic Gases Emissions Cost e. ($/hr) + f. CAISO Hourly Sulfur Oxides Emissions Cost ($/hr) g. + CAISO Hourly Particulate Matter Emissions Cost ($/hr) + CAISO Hourly Carbon Monoxide Emissions Cost ($/hr) + CAISO Hourly Sulfur Dioxides Trading Credit Costs ($/hr) a. 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)   🟏 🟏 Hourly Metered Total Net Generation Hourly NOx Emissions is calculated in accordance with Equation C1-13. Hourly NOx Emissions (lbs/hr) = AX2 + BX + C Table C1-13 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. 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 Monthly Emissions Cost. Part 1 for SCAQMD-Jurisdictional Thermal Units The CAISO Hourly Emissions Cost shall be calculated in accordance with Equation C1-11. CAISO Hourly Emissions Cost a. CAISO Hourly RECLAIM Trading Credit Cost ($/hr) ($/hr) = b. + c. CAISO Hourly NOx Emissions Cost ($/hr) + d. CAISO Hourly Organic Gases Emissions Cost e. ($/hr) + f. CAISO Hourly Sulfur Oxides Emissions Cost ($/hr) g. + CAISO Hourly Particulate Matter Emissions Cost ($/hr) + CAISO Hourly Carbon Monoxide Emissions Cost ($/hr) + CAISO Hourly Sulfur Dioxides Trading Credit Costs ($/hr) a. 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)   🟏 🟏 Hourly Metered Total Net Generation • Hourly NOx Emissions is calculated in accordance with Equation C1-13. Hourly NOx Emissions (lbs/hr) = AX2 + BX + C Table C1-13 • 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 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 Monthly Emissions Cost. Part 1 for SCAQMD-Jurisdictional Thermal Units The CAISO Hourly Emissions Cost shall be calculated in accordance with Equation C1-11. CAISO Hourly Emissions Cost a. CAISO Hourly RECLAIM Trading Credit Cost ($/hr) ($/hr) = b. + c. CAISO Hourly NOx Emissions Cost ($/hr) + d. CAISO Hourly Organic Gases Emissions Cost e. ($/hr) + f. CAISO Hourly Sulfur Oxides Emissions Cost ($/hr) g. + CAISO Hourly Particulate Matter Emissions Cost ($/hr) + CAISO Hourly Carbon Monoxide Emissions Cost ($/hr) + CAISO Hourly Sulfur Dioxides Trading Credit Costs ($/hr) a. 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)   🟏 🟏 Hourly Metered Total Net Generation Hourly NOx Emissions is calculated in accordance with Equation C1-13. Hourly NOx Emissions (lbs/hr) = AX2 + BX + C Table C1-13 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. 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 Monthly Emissions Cost. Part 1 for SCAQMD-Jurisdictional Thermal Units The CAISO Hourly Emissions Cost shall be calculated in accordance with Equation C1-11. CAISO Hourly Emissions Cost a. CAISO Hourly RECLAIM Trading Credit Cost ($/hr) ($/hr) = b. + c. CAISO Hourly NOx Emissions Cost ($/hr) + d. CAISO Hourly Organic Gases Emissions Cost e. ($/hr) + f. CAISO Hourly Sulfur Oxides Emissions Cost ($/hr) g. + CAISO Hourly Particulate Matter Emissions Cost ($/hr) + CAISO Hourly Carbon Monoxide Emissions Cost ($/hr) + CAISO Hourly Sulfur Dioxides Trading Credit Costs ($/hr) a. 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)   Hourly Metered Total Net Generation • Hourly NOx Emissions is calculated in accordance with Equation C1-13. Hourly NOx Emissions (lbs/hr) = AX2 + BX + C Table C1-13 • 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 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 Monthly Emissions Cost. Part 1 for SCAQMD-Jurisdictional Thermal Units The CAISO Hourly Emissions Cost shall be calculated in accordance with Equation C1-11. CAISO Hourly Emissions Cost a. CAISO Hourly RECLAIM Trading Credit Cost ($/hr) ($/hr) = b. + c. CAISO Hourly NOx Emissions Cost ($/hr) + d. CAISO Hourly Organic Gases Emissions Cost e. ($/hr) + f. CAISO Hourly Sulfur Oxides Emissions Cost ($/hr) g. + CAISO Hourly Particulate Matter Emissions Cost ($/hr) + CAISO Hourly Carbon Monoxide Emissions Cost ($/hr) + CAISO Hourly Sulfur Dioxides Trading Credit Costs ($/hr) a. 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)   Hourly Metered Total Net Generation Hourly NOx Emissions is calculated in accordance with Equation C1-13. Hourly NOx Emissions (lbs/hr) = AX2 + BX + C Table C1-13 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. 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.