Common use of DISCUSSION OF MERIT FOR APPROVAL Clause in Contracts

DISCUSSION OF MERIT FOR APPROVAL. Xxxxxx concurs with PG&E management that the Xxxxxx XX contract merits CPUC approval. In Xxxxxx’x opinion the contract offers high net value, low contract price, and high project viability. It would contribute to PG&E's efforts to meet its RPS Goals. Xxxxxx has scored the project as moderate with respect to portfolio fit. Xxxxxx’x qualified opinion, based solely on post-hoc document review without direct observation of negotiations, is that the negotiations for this project’s output were fair to ratepayers and fair to competing developers. PG&E Gas and Electric Advice Filing List General Order 96-B, Section IV AT&T Department of Water Resources North America Power Partners Xxxxxxxx & Xxxx LLP Dept of General Services North Coast SolarResources Ameresco Xxxxxxxx & Xxxxxxx Northern California Power Association Xxxxxxxx & Xxxxx Xxxxxx & Brand Occidental Energy Marketing, Inc. XXXX Xxxx Energy OnGrid Solar Xxxxxxxxx & Xxx, Inc. Economic Sciences Corporation Praxair Xxxxxx Xxxxx Associates Xxxxxxx Xxxxxxxxx & Xxxxxx LLP X. X. Xxxx & Associates Bloomberg Xxxxxx Farms RCS, Inc. Bloomberg New Energy Finance G. A. Xxxxxx & Assoc. Recurrent Energy Boston Properties GLJ Publications SCD Energy Solutions Xxxxx Xxxxxxxx XxXxxxxxxx, P.C. GenOn Energy, Inc. SCE Brookfield Renewable Power Goodin, MacBride, Xxxxxx, Xxxxxxx & Xxxxxxx XXXX CA Bldg Industry Association Green Power Institute XXXXX CLECA Law Office Xxxxx & Xxxxxx San Francisco Public Utilities Commission CSC Energy Services Hitachi Seattle City Light California Cotton Ginners & Growers Assn In House Energy Sempra Utilities California Energy Commission International Power Technology Sierra Pacific Power Company California League of Food Processors Intestate Gas Services, Inc. Silicon Valley Power California Public Utilities Commission Xxxxxxxx Berkeley National Lab Silo Energy LLC Calpine Los Angeles Dept of Water & Power Southern California Edison Company Cardinal Xxxxx Xxxx, Xxxxxxx, Xxxxxxxx & Scripps LLP Spark Energy, X.X. Xxxxxx, Xxxxx XXX Lighting Consulting Sun Light & Power Center for Biological Diversity MBMC, Inc. Sunshine Design Xxxxx, Xxxx MRW & Associates Xxxxxxxxxx, Xxxxxx & Xxxxxxx City of Palo Alto Xxxxxx Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxxxx & Associates City of Palo Alto Utilities XxXxxxxx & Associates Tecogen, Inc. City of San Xxxx Xxxxxx Irrigation District Tiger Natural Gas, Inc. City of Santa Xxxx Xxxxxxx Irrigation District TransCanada Clean Energy Fuels Xxxxxx Xxxxxxx Turlock Irrigation District Coast Economic Consulting Xxxxxxxx & Xxxxxxxx United Cogen Commercial Energy Xxxxxxxx & Xxxxxxxx LLP Utility Cost Management Consumer Federation of California NLine Energy, Inc. Utility Specialists Crossborder Energy NRG West Verizon Xxxxx Xxxxxx Xxxxxxxx LLP NaturEner Wellhead Electric Company Day Xxxxxx Xxxxxx Navigant Consulting Western Manufactured Housing Communities Association (WMA)

DISCUSSION OF MERIT FOR APPROVAL. Xxxxxx concurs with PG&E management that the Xxxxxx XX North Sky River contract merits CPUC approval. In Xxxxxx’x opinion the contract offers high net value, low contract price, and high project viability. It would contribute to PG&E's efforts to meet its RPS GoalsGoals in both near-term and later compliance periods. Xxxxxx has scored the project as moderate with respect to portfolio fit. Xxxxxx’x qualified opinionXxxxxx believes that, based solely on post-hoc document review without direct observation of negotiationsbalance, is that the negotiations for this project’s output were contract was negotiated in a manner fair to ratepayers and fair to competing developersratepayers. PG&E Gas and Electric Advice Filing List General Order 96-B, Section IV AT&T Department of Water Resources North America Power Partners Coast SolarResources Xxxxxxxx & Xxxx LLP Dept of General Services North Coast SolarResources Northern California Power Association Ameresco Xxxxxxxx & Xxxxxxx Northern California Power Association Occidental Energy Marketing, Inc. Xxxxxxxx & Xxxxx Xxxxxx & Brand Occidental Energy Marketing, Inc. XXXX Xxxx Energy OnGrid Solar Arizona Public Service Company Duke Energy Praxair BART Economic Sciences Corporation X. X. Xxxx & Associates Xxxxxxxxx & Xxx, Inc. Economic Sciences Corporation Praxair Xxxxxx Xxxxx Associates Xxxxxxx Xxxxxxxxx & Xxxxxx LLP X. X. Xxxx & Associates Bloomberg Xxxxxx Farms RCS, Inc. Xxxxxx Xxxxx Associates Xxxxxx Farms Recurrent Energy Bloomberg X. X. Xxxxxx & Assoc. SCD Energy Solutions Bloomberg New Energy Finance G. A. Xxxxxx & Assoc. Recurrent Energy GLJ Publications SCE Boston Properties GLJ Publications SCD Energy Solutions GenOn Energy, Inc. SMUD Xxxxx Xxxxxxxx XxXxxxxxxx, P.C. GenOn EnergyX.X. Xxxxxx, Inc. SCE Brookfield Renewable Power Goodin, MacBrideXxxXxxxx, Xxxxxx, Xxxxxxx & Xxxxxxx XXXX CA Bldg Industry Association XXXXX Brookfield Renewable Power Green Power Institute XXXXX CLECA Law Office Xxxxx & Xxxxxx San Francisco Public Utilities Commission CA Bldg Industry Association Xxxxx & Xxxxxx Seattle City Light CLECA Law Office Hitachi Sempra Utilities CSC Energy Services Hitachi Seattle City Light In House Energy Sierra Pacific Power Company California Cotton Ginners & Growers Assn In House Energy Sempra Utilities International Power Technology Silicon Valley Power California Energy Commission International Power Technology Sierra Pacific Power Company Intestate Gas Services, Inc. Silo Energy LLC California League of Food Processors Intestate Gas Services, Inc. Silicon Valley Power Xxxxxxxx Berkeley National Lab Southern California Edison Company California Public Utilities Commission Xxxxxxxx Berkeley National Lab Silo Energy LLC Calpine Los Angeles Dept of Water & Power Southern California Edison Company Cardinal Xxxxx Spark Energy, L.P. Calpine Xxxx, Xxxxxxx, Xxxxxxxx & Scripps LLP Spark Energy, X.X. Xxxxxx, Xxxxx XXX Lighting Consulting Sun Light & Power Center for Biological Diversity Cardinal Cogen MAC Lighting Consulting Sunshine Design Xxxxxx, Xxxxx MBMC, Inc. Sunshine Design Xxxxxxxxxx, Xxxxxx & Xxxxxxx Xxxxx, Xxxx MRW & Associates Xxxxxxxxxx, Xxxxxx Tabors Caramanis & Xxxxxxx Associates City of Palo Alto Xxxxxx Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxxxx & Associates Tecogen, Inc. City of Palo Alto Utilities XxXxxxxx & Associates TecogenTiger Natural Gas, Inc. City of San Xxxx Xxxxxx Irrigation District Tiger Natural Gas, Inc. City of Santa Xxxx Xxxxxxx Irrigation District TransCanada Clean Energy Fuels Xxxxxx Xxxxxxx Modesto Irrigation District Turlock Irrigation District Coast Economic Consulting Xxxxxxxx & Xxxxxxxx Xxxxxx Xxxxxxx United Cogen Commercial Energy Xxxxxxxx & Xxxxxxxx LLP Utility Cost Management Consumer Federation of California NLine Energy, Inc. Utility Specialists Crossborder Energy NRG West Verizon Xxxxx Xxxxxx Xxxxxxxx LLP NaturEner Navigant Consulting Wellhead Electric Company Day Xxxxxx Xxxxxx Navigant Consulting Xxxxxx & Xxxx Associates Western Manufactured Housing Communities Association (WMA)

DISCUSSION OF MERIT FOR APPROVAL. Xxxxxx concurs with PG&E management Based on an opinion that the Xxxxxx XX North Star Solar contract merits CPUC approval. In Xxxxxx’x opinion the contract offers high likely ranks as moderate for net value, low valuation and contract price, and high moderate for project viability. It would contribute to PG&E's efforts to meet its RPS Goals. Xxxxxx has scored the project as , and moderate with respect to for portfolio fit. Xxxxxx’x qualified opinion, based solely on post-hoc document review without direct observation of negotiations, is Xxxxxx agrees with PG&E that the negotiations for this project’s output were fair to ratepayers and fair to competing developersPPA merits Commission approval. PG&E Gas and Electric Advice Filing List General Order 96-B, Section IV AT&T Department of Water Resources North America Power Partners Xxxxxxxx & Xxxx LLP Dept of General Services North Coast SolarResources Xxxxxxxx & Xxxx LLP Division of Business Advisory Services Northern California Power Association Ameresco Xxxxxxxx & Xxxxxxx Northern California Power Association Occidental Energy Marketing, Inc. Xxxxxxxx & Xxxxx Xxxxxx & Brand Occidental Energy Marketing, Inc. XXXX Xxxx Energy OnGrid Solar Arizona Public Service Company Duke Energy Praxair XXXX Xxxxxxx, Xxxx X. X. Xxxx & Associates Xxxxxxxxx & Xxx, Inc. Economic Sciences Corporation Praxair RCS, Inc. Xxxxxx Xxxxx Associates Xxxxxxx Xxxxxxxxx & Xxxxxx LLP X. X. Xxxx & Associates Recurrent Energy Bloomberg Xxxxxx Farms RCS, Inc. SCD Energy Solutions Bloomberg New Energy Finance G. A. Xxxxxx & Assoc. Recurrent Energy SCE Boston Properties GLJ Publications SCD Energy Solutions SMUD Xxxxx Xxxxxxxx XxXxxxxxxx, P.C. GenOn Energy, Inc. SCE Brookfield Renewable Power Goodin, MacBride, Xxxxxx, Xxxxxxx & Xxxxxxx XXXX CA Bldg Industry Association XXXXX Brookfield Renewable Power Green Power Institute XXXXX CLECA Law Office Xxxxx & Xxxxxx San Francisco Public Utilities Commission CSC Energy Services CA Bldg Industry Association Xxxxx & Xxxxxx Santa Fe Jets CLECA Law Office Hitachi Seattle City Light CSC Energy Services In House Energy Sempra Utilities California Cotton Ginners & Growers Assn In House Energy Sempra Utilities California Energy Commission International Power Technology Sierra Pacific Power Company California League of Food Processors Energy Commission Intestate Gas Services, Inc. Silicon Valley Power California Public Utilities Commission League of Food Processors Xxxxxxxx Berkeley National Lab Silo Energy LLC Calpine California Public Utilities Commission Los Angeles Dept of Water & Power Southern California Edison Company Cardinal Xxxxx Calpine Xxxx, XxxxxxxForward, Xxxxxxxx & Scripps LLP Spark Energy, X.X. L.P. Cardinal Cogen MAC Lighting Consulting Sunshine Design Xxxxxx, Xxxxx XXX Lighting Consulting Sun Light & Power Center for Biological Diversity MBMC, Inc. Sunshine Design Xxxxxxxxxx, Xxxxxx & Xxxxxxx Xxxxx, Xxxx MRW & Associates Xxxxxxxxxx, Xxxxxx Tabors Caramanis & Xxxxxxx Associates City of Palo Alto Xxxxxx Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxxxx & Associates Tecogen, Inc. City of Palo Alto Utilities XxXxxxxx & Associates Tecogen, Inc. City of San Xxxx Xxxxxx Irrigation District Tiger Natural Gas, Inc. City of Santa Xxxx Xxxxxxx Clean Energy Fuels Merced Irrigation District TransCanada Clean Energy Fuels Xxxxxx Xxxxxxx Coast Economic Consulting Modesto Irrigation District Turlock Irrigation District Coast Economic Consulting Xxxxxxxx & Xxxxxxxx Commercial Energy Xxxxxx Xxxxxxx United Cogen Commercial Energy Xxxxxxxx & Xxxxxxxx LLP Utility Cost Management Consumer Federation of California Xxxxxxxx & Xxxxxxxx Utility Cost Management Crossborder Energy NLine Energy, Inc. Utility Specialists Crossborder Energy NRG West Verizon Xxxxx Xxxxxx Xxxxxxxx LLP NaturEner Wellhead Electric Company NRG West Verizon Day Xxxxxx Xxxxxx Navigant Consulting Wellhead Electric Company Defense Energy Support Center Xxxxxx & Xxxx Associates Western Manufactured Housing Communities Association (WMA)

DISCUSSION OF MERIT FOR APPROVAL. Xxxxxx concurs with PG&E management that the Xxxxxx XX North Sky River contract merits CPUC approval. In Xxxxxx’x opinion the contract offers high net value, low contract price, and high project viability. It would contribute to PG&E's efforts to meet its RPS GoalsGoals in both near-term and later compliance periods. Xxxxxx has scored the project as moderate with respect to portfolio fit. Xxxxxx’x qualified opinionXxxxxx believes that, based solely on post-hoc document review without direct observation of negotiationsbalance, is that the negotiations for this project’s output were contract was negotiated in a manner fair to ratepayers and fair to competing developersratepayers. PG&E Gas and Electric Advice Filing List General Order 96-B, Section IV AT&T Department of Water Resources North America Power Partners Coast SolarResources Xxxxxxxx & Xxxx LLP Dept of General Services North Coast SolarResources Northern California Power Association Ameresco Xxxxxxxx & Xxxxxxx Northern California Power Association Occidental Energy Marketing, Inc. Xxxxxxxx & Xxxxx Xxxxxx & Brand Occidental Energy Marketing, Inc. XXXX Xxxx Energy OnGrid Solar Arizona Public Service Company Duke Energy Praxair BART Economic Sciences Corporation X. X. Xxxx & Associates Xxxxxxxxx & Xxx, Inc. Economic Sciences Corporation Praxair Xxxxxx Xxxxx Associates Xxxxxxx Xxxxxxxxx & Xxxxxx LLP X. X. Xxxx & Associates Bloomberg Xxxxxx Farms RCS, Inc. Xxxxxx Xxxxx Associates Xxxxxx Farms Recurrent Energy Bloomberg New Energy Finance G. A. Xxxxxx & Assoc. Recurrent Energy Boston Properties GLJ Publications SCD Energy Solutions Bloomberg New Energy Finance GLJ Publications SCE Boston Properties GenOn Energy, Inc. SMUD Xxxxx Xxxxxxxx XxXxxxxxxx, P.C. GenOn Energy, Inc. SCE Brookfield Renewable Power Goodin, MacBride, Xxxxxx, Xxxxxxx & Xxxxxxx XXXX CA Bldg Industry Association XXXXX Brookfield Renewable Power Green Power Institute XXXXX CLECA Law Office Xxxxx & Xxxxxx San Francisco Public Utilities Commission CA Bldg Industry Association Xxxxx & Xxxxxx Seattle City Light CLECA Law Office Hitachi Sempra Utilities CSC Energy Services Hitachi Seattle City Light In House Energy Sierra Pacific Power Company California Cotton Ginners & Growers Assn In House Energy Sempra Utilities International Power Technology Silicon Valley Power California Energy Commission International Power Technology Sierra Pacific Power Company Intestate Gas Services, Inc. Silo Energy LLC California League of Food Processors Intestate Gas Services, Inc. Silicon Valley Power Xxxxxxxx Berkeley National Lab Southern California Edison Company California Public Utilities Commission Xxxxxxxx Berkeley National Lab Silo Energy LLC Calpine Los Angeles Dept of Water & Power Southern California Edison Company Cardinal Xxxxx Spark Energy, L.P. Calpine Xxxx, Xxxxxxx, Xxxxxxxx & Scripps LLP Spark Energy, X.X. Xxxxxx, Xxxxx XXX Lighting Consulting Sun Light & Power Center for Biological Diversity Cardinal Cogen MAC Lighting Consulting Sunshine Design Xxxxxx, Xxxxx MBMC, Inc. Sunshine Design Xxxxxxxxxx, Xxxxxx & Xxxxxxx Xxxxx, Xxxx MRW & Associates Xxxxxxxxxx, Xxxxxx Tabors Caramanis & Xxxxxxx Associates City of Palo Alto Xxxxxx Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxxxx & Associates Tecogen, Inc. City of Palo Alto Utilities XxXxxxxx & Associates TecogenTiger Natural Gas, Inc. City of San Xxxx Xxxxxx Irrigation District Tiger Natural Gas, Inc. City of Santa Xxxx Xxxxxxx Irrigation District TransCanada Clean Energy Fuels Xxxxxx Xxxxxxx Modesto Irrigation District Turlock Irrigation District Coast Economic Consulting Xxxxxxxx & Xxxxxxxx Xxxxxx Xxxxxxx United Cogen Commercial Energy Xxxxxxxx & Xxxxxxxx LLP Utility Cost Management Consumer Federation of California NLine Energy, Inc. Utility Specialists Crossborder Energy NRG West Verizon Xxxxx Xxxxxx Xxxxxxxx LLP NaturEner Navigant Consulting Wellhead Electric Company Day Xxxxxx Xxxxxx Navigant Consulting Xxxxxx & Xxxx Associates Western Manufactured Housing Communities Association (WMA)

DISCUSSION OF MERIT FOR APPROVAL. Xxxxxx concurs with PG&E management that the Xxxxxx XX CMS2 contract merits CPUC approval, although the IE has certain reservations about the PPA that are discussed in detail in the confidential appendix to this report. In Xxxxxx’x Arroyo’s opinion the contract offers high moderate net value, low moderate contract price, moderate portfolio fit, and high project viability. It would contribute to PG&E's efforts to meet its short-term RPS Goals. Xxxxxx has scored the project as moderate with respect to portfolio fit. Xxxxxx’x qualified opinion, based solely on post-hoc document review without direct observation of negotiations, Arroyo’s opinion is that negotiations between parties were conducted fairly, overall, and that the negotiations for this project’s output were resulting contract is on balance fair to ratepayers and fair to competing developers. PG&E Gas and Electric Advice Filing List General Order 96-B, Section IV AT&T Department of Water Resources North America Power Partners Coast SolarResources Xxxxxxxx & Xxxx LLP Dept of General Services North Coast SolarResources Northern California Power Association Ameresco Xxxxxxxx & Xxxxxxx Northern California Power Association Occidental Energy Marketing, Inc. Xxxxxxxx & Xxxxx Xxxxxx & Brand Occidental Energy Marketing, Inc. XXXX Xxxx Energy OnGrid Solar Arizona Public Service Company Duke Energy Praxair BART Economic Sciences Corporation X. X. Xxxx & Associates Xxxxxxxxx & Xxx, Inc. Economic Sciences Corporation Praxair Xxxxxx Xxxxx Associates Xxxxxxx Xxxxxxxxx & Xxxxxx LLP X. X. Xxxx & Associates Bloomberg Xxxxxx Farms RCS, Inc. Xxxxxx Xxxxx Associates Xxxxxx Farms Recurrent Energy Bloomberg X. X. Xxxxxx & Assoc. SCD Energy Solutions Bloomberg New Energy Finance G. A. Xxxxxx & Assoc. Recurrent Energy GLJ Publications SCE Boston Properties GLJ Publications SCD Energy Solutions GenOn Energy, Inc. SMUD Xxxxx Xxxxxxxx XxXxxxxxxx, P.C. GenOn EnergyX.X. Xxxxxx, Inc. SCE Brookfield Renewable Power Goodin, MacBrideXxxXxxxx, Xxxxxx, Xxxxxxx & Xxxxxxx XXXX CA Bldg Industry Association XXXXX Brookfield Renewable Power Green Power Institute XXXXX CLECA Law Office Xxxxx & Xxxxxx San Francisco Public Utilities Commission CA Bldg Industry Association Xxxxx & Xxxxxx Seattle City Light CLECA Law Office Hitachi Sempra Utilities CSC Energy Services Hitachi Seattle City Light In House Energy Sierra Pacific Power Company California Cotton Ginners & Growers Assn In House Energy Sempra Utilities International Power Technology Silicon Valley Power California Energy Commission International Power Technology Sierra Pacific Power Company Intestate Gas Services, Inc. Silo Energy LLC California League of Food Processors Intestate Gas Services, Inc. Silicon Valley Power Xxxxxxxx Berkeley National Lab Southern California Edison Company California Public Utilities Commission Xxxxxxxx Berkeley National Lab Silo Energy LLC Calpine Los Angeles Dept of Water & Power Southern California Edison Company Cardinal Xxxxx Spark Energy, L.P. Calpine Xxxx, Xxxxxxx, Xxxxxxxx & Scripps LLP Spark Energy, X.X. Xxxxxx, Xxxxx XXX Lighting Consulting Sun Light & Power Center for Biological Diversity Cardinal Cogen MAC Lighting Consulting Sunshine Design Xxxxxx, Xxxxx MBMC, Inc. Sunshine Design Xxxxxxxxxx, Xxxxxx & Xxxxxxx Xxxxx, Xxxx MRW & Associates Xxxxxxxxxx, Xxxxxx Tabors Caramanis & Xxxxxxx Associates City of Palo Alto Xxxxxx Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxxxx & Associates Tecogen, Inc. City of Palo Alto Utilities XxXxxxxx & Associates TecogenTiger Natural Gas, Inc. City of San Xxxx Xxxxxx Irrigation District Tiger Natural Gas, Inc. City of Santa Xxxx Xxxxxxx Irrigation District TransCanada Clean Energy Fuels Xxxxxx Xxxxxxx Modesto Irrigation District Turlock Irrigation District Coast Economic Consulting Xxxxxxxx & Xxxxxxxx Xxxxxx Xxxxxxx United Cogen Commercial Energy Xxxxxxxx & Xxxxxxxx LLP Utility Cost Management Consumer Federation of California NLine Energy, Inc. Utility Specialists Crossborder Energy NRG West Verizon Xxxxx Xxxxxx Xxxxxxxx LLP NaturEner Navigant Consulting Wellhead Electric Company Day Xxxxxx Xxxxxx Navigant Consulting Xxxxxx & Xxxx Associates Western Manufactured Housing Communities Association (WMA)

DISCUSSION OF MERIT FOR APPROVAL. Xxxxxx concurs with PG&E management that the Xxxxxx XX Shiloh III contract merits CPUC approval. In Xxxxxx’x Arroyo’s opinion the contract offers moderate to high net value, low contract price, moderate portfolio fit, and high project viability. It would contribute to PG&E's efforts to meet its short-term RPS GoalsGoals and its long-term target as well. Xxxxxx has scored The negotiations resulted in a contract that varies in interesting ways from PG&E’s Form Agreement, but Arroyo’s opinion is that, overall, the project as moderate with respect to portfolio fit. Xxxxxx’x qualified opinion, based solely on post-hoc document review without direct observation of negotiations, result is that the negotiations for this project’s output were fair to ratepayers and fair to competing developers. PG&E Gas and Electric Advice Filing List General Order 96-B, Section IV AT&T Department of Water Resources North America Power Partners Coast SolarResources Xxxxxxxx & Xxxx LLP Department of the Army Northern California Power Association Ameresco Dept of General Services North Coast SolarResources Ameresco Xxxxxxxx & Xxxxxxx Northern California Power Association Xxxxxxxx & Xxxxx Xxxxxx & Brand Occidental Energy Marketing, Inc. XXXX Xxxx Energy Xxxxxxxx & Xxxxx Division of Business Advisory Services OnGrid Solar Arizona Public Service Company Xxxxxxxx & Xxxxxxx Praxair XXXX Xxxxxx & Brand X. X. Xxxx & Associates BP Energy Company Duke Energy RCS, Inc. Xxxxxxxxx & Xxx, Inc. Xxxxxxx, Xxxx Xxxxx Research Xxxxxx Xxxxx Associates Economic Sciences Corporation Praxair Xxxxxx Xxxxx Associates Recurrent Energy Bloomberg New Energy Finance Xxxxxxx Xxxxxxxxx & Xxxxxx LLP SCD Energy Solutions Boston Properties Xxxxxx Farms SCE Brookfield Renewable Power X. X. Xxxx & Associates Bloomberg Xxxxxx Farms RCS, Inc. Bloomberg New Energy Finance G. A. Xxxxxx & Assoc. Recurrent Energy Boston Properties SMUD C & H Sugar Co. GLJ Publications SCD Energy Solutions Xxxxx Xxxxxxxx XxXxxxxxxx, P.C. GenOn Energy, Inc. SCE Brookfield Renewable Power XXXXX CA Bldg Industry Association Goodin, MacBride, Xxxxxx, Xxxxxxx & Xxxxxxx XXXX CA Bldg Industry Association San Francisco Public Utilities Commission CAISO Green Power Institute XXXXX Santa Fe Jets CLECA Law Office Xxxxx & Xxxxxx San Francisco Public Utilities Commission Seattle City Light CSC Energy Services Hitachi Seattle City Light Sempra Utilities California Cotton Ginners & Growers Assn In House Energy Sempra Utilities California Energy Commission International Power Technology Sierra Pacific Power Company California League of Food Processors Energy Commission Intestate Gas Services, Inc. Silicon Valley Power California Public Utilities Commission League of Food Processors Xxxxxxxx Berkeley National Lab Silo Energy LLC Calpine California Public Utilities Commission Los Angeles Dept of Water & Power Southern California Edison Company Cardinal Xxxxx Calpine Xxxx, XxxxxxxForward, Xxxxxxxx & Scripps LLP Spark Energy, X.X. Xxxxxx, Xxxxx XXX Sunshine Design Xxxxxxx XxXxxxx MAC Lighting Consulting Sun Light & Power Center for Biological Diversity MBMC, Inc. Sunshine Design Xxxxx, Xxxx MRW & Associates Xxxxxxxxxx, Xxxxxx & Xxxxxxx City of Palo Alto Xxxxxx Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxxxx Xxxxx MBMC, Inc. Tabors Caramanis & Associates City of Palo Alto Utilities XxXxxxxx Xxxxxx, Xxxxx XXX & Associates Tecogen, Inc. City of San Xxxxx, Xxxx Xxxxxx Irrigation District Tiger Xxxxxx Xxxxxxxx Xxxxx Natural Gas, Inc. City of Santa Xxxx Xxxxxxx Glendale XxXxxxxx & Associates Tioga Energy City of Palo Alto Merced Irrigation District TransCanada Clean Energy Fuels Xxxxxx Xxxxxxx Mirant Turlock Irrigation District Coast Economic Consulting Xxxxxxxx & Xxxxxxxx Modesto Irrigation District U S Borax, Inc. Commerce Energy Xxxxxx Xxxxxxx United Cogen Commercial Energy Xxxxxxxx & Xxxxxxxx LLP Utility Cost Management Consumer Federation of California NLine Energy, Inc. Utility Specialists Crossborder Energy NRG West Verizon Xxxxx Xxxxxx Xxxxxxxx LLP NaturEner New United Motor Mfg., Inc. Wellhead Electric Company Day Xxxxxx Xxxxxx Navigant Consulting Xxxxxx & Xxxx Associates Western Manufactured Housing Communities Association (WMA)

DISCUSSION OF MERIT FOR APPROVAL. Xxxxxx concurs with PG&E management that the Xxxxxx XX contract merits CPUC approval. In Xxxxxx’x Arroyo’s opinion the contract offers high net value, low contract price, and high project viability. It would contribute to PG&E's efforts to meet its RPS Goals. Xxxxxx has scored the project as moderate with respect to portfolio fit. Xxxxxx’x Arroyo’s qualified opinion, based solely on post-hoc document review without direct observation of negotiations, is that the negotiations for this project’s output were fair to ratepayers and fair to competing developers. PG&E Gas and Electric Advice Filing List General Order 96-B, Section IV AT&T Department of Water Resources North America Power Partners Xxxxxxxx & Xxxx LLP Dept of General Services North Coast SolarResources Ameresco Xxxxxxxx & Xxxxxxx Northern California Power Association Xxxxxxxx & Xxxxx Poole Xxxxxx & Brand Occidental Energy Marketing, Inc. XXXX Xxxx Energy OnGrid Solar Xxxxxxxxx & Xxx, Inc. Economic Sciences Corporation Praxair Xxxxxx Xxxxx Associates Xxxxxxx Xxxxxxxxx & Xxxxxx LLP X. X. Xxxx & Associates Bloomberg Xxxxxx Farms RCS, Inc. Bloomberg New Energy Finance G. A. X. X. Xxxxxx & Assoc. Recurrent Energy Boston Properties GLJ Publications SCD Energy Solutions Xxxxx Xxxxxxxx XxXxxxxxxx, P.C. GenOn X.X. XxxXx Energy, Inc. SCE Brookfield Renewable Power Goodin, MacBride, Xxxxxx, Xxxxxxx & Xxxxxxx XXXX CA Bldg Industry Association Green Power Institute XXXXX CLECA Law Office Xxxxx & Xxxxxx San Francisco Public Utilities Commission CSC Energy Services Hitachi Seattle City Light California Cotton Ginners & Growers Assn In House Energy Sempra Utilities California Energy Commission International Power Technology Sierra Pacific Power Company California League of Food Processors Intestate Gas Services, Inc. Silicon Valley Power California Public Utilities Commission Xxxxxxxx Berkeley National Lab Silo Energy LLC Calpine Los Angeles Dept of Water & Power Southern California Edison Company Cardinal Xxxxx Xxxx, Xxxxxxx, Xxxxxxxx & Scripps LLP Spark Energy, X.X. Xxxxxx, Xxxxx XXX Lighting Consulting Sun Light & Power Center for Biological Diversity MBMC, Inc. Sunshine Design Xxxxx, Xxxx MRW & Associates Xxxxxxxxxx, Xxxxxx & Xxxxxxx Brennan City of Palo Alto Xxxxxx Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxxxx & Associates City of Palo Alto Utilities XxXxxxxx & Associates Tecogen, Inc. City of San Xxxx Xxxxxx Irrigation District Tiger Natural Gas, Inc. City of Santa Xxxx Xxxxxxx Irrigation District TransCanada Clean Energy Fuels Xxxxxx Xxxxxxx Turlock Irrigation District Coast Economic Consulting Xxxxxxxx & Xxxxxxxx United Cogen Commercial Energy Xxxxxxxx & Xxxxxxxx LLP Utility Cost Management Consumer Federation of California NLine Energy, Inc. Utility Specialists Crossborder Energy NRG West Verizon Xxxxx Xxxxxx Xxxxxxxx LLP NaturEner Wellhead Electric Company Day Xxxxxx Xxxxxx Navigant Consulting Western Manufactured Housing Communities Association (WMA)

DISCUSSION OF MERIT FOR APPROVAL. Xxxxxx concurs with PG&E management that the Xxxxxx XX CMS2 contract merits CPUC approval, although the IE has certain reservations about the PPA that are discussed in detail in the confidential appendix to this report. In Xxxxxx’x opinion the contract offers high moderate net value, low moderate contract price, moderate portfolio fit, and high project viability. It would contribute to PG&E's efforts to meet its short-term RPS Goals. Xxxxxx has scored the project as moderate with respect to portfolio fit. Xxxxxx’x qualified opinion, based solely on post-hoc document review without direct observation of negotiations, opinion is that negotiations between parties were conducted fairly, overall, and that the negotiations for this project’s output were resulting contract is on balance fair to ratepayers and fair to competing developers. PG&E Gas and Electric Advice Filing List General Order 96-B, Section IV AT&T Department of Water Resources North America Power Partners Coast SolarResources Xxxxxxxx & Xxxx LLP Dept of General Services North Coast SolarResources Northern California Power Association Ameresco Xxxxxxxx & Xxxxxxx Northern California Power Association Occidental Energy Marketing, Inc. Xxxxxxxx & Xxxxx Xxxxxx & Brand Occidental Energy Marketing, Inc. XXXX Xxxx Energy OnGrid Solar Arizona Public Service Company Duke Energy Praxair BART Economic Sciences Corporation X. X. Xxxx & Associates Xxxxxxxxx & Xxx, Inc. Economic Sciences Corporation Praxair Xxxxxx Xxxxx Associates Xxxxxxx Xxxxxxxxx & Xxxxxx LLP X. X. Xxxx & Associates Bloomberg Xxxxxx Farms RCS, Inc. Xxxxxx Xxxxx Associates Xxxxxx Farms Recurrent Energy Bloomberg New Energy Finance G. A. Xxxxxx & Assoc. Recurrent Energy Boston Properties GLJ Publications SCD Energy Solutions Bloomberg New Energy Finance GLJ Publications SCE Boston Properties GenOn Energy, Inc. SMUD Xxxxx Xxxxxxxx XxXxxxxxxx, P.C. GenOn Energy, Inc. SCE Brookfield Renewable Power Goodin, MacBride, Xxxxxx, Xxxxxxx & Xxxxxxx XXXX CA Bldg Industry Association XXXXX Brookfield Renewable Power Green Power Institute XXXXX CLECA Law Office Xxxxx & Xxxxxx San Francisco Public Utilities Commission CA Bldg Industry Association Xxxxx & Xxxxxx Seattle City Light CLECA Law Office Hitachi Sempra Utilities CSC Energy Services Hitachi Seattle City Light In House Energy Sierra Pacific Power Company California Cotton Ginners & Growers Assn In House Energy Sempra Utilities International Power Technology Silicon Valley Power California Energy Commission International Power Technology Sierra Pacific Power Company Intestate Gas Services, Inc. Silo Energy LLC California League of Food Processors Intestate Gas Services, Inc. Silicon Valley Power Xxxxxxxx Berkeley National Lab Southern California Edison Company California Public Utilities Commission Xxxxxxxx Berkeley National Lab Silo Energy LLC Calpine Los Angeles Dept of Water & Power Southern California Edison Company Cardinal Xxxxx Spark Energy, L.P. Calpine Xxxx, Xxxxxxx, Xxxxxxxx & Scripps LLP Spark Energy, X.X. Xxxxxx, Xxxxx XXX Lighting Consulting Sun Light & Power Center for Biological Diversity Cardinal Cogen MAC Lighting Consulting Sunshine Design Xxxxxx, Xxxxx MBMC, Inc. Sunshine Design Xxxxxxxxxx, Xxxxxx & Xxxxxxx Xxxxx, Xxxx MRW & Associates Xxxxxxxxxx, Xxxxxx Tabors Caramanis & Xxxxxxx Associates City of Palo Alto Xxxxxx Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxxxx & Associates Tecogen, Inc. City of Palo Alto Utilities XxXxxxxx & Associates TecogenTiger Natural Gas, Inc. City of San Xxxx Xxxxxx Irrigation District Tiger Natural Gas, Inc. City of Santa Xxxx Xxxxxxx Irrigation District TransCanada Clean Energy Fuels Xxxxxx Xxxxxxx Modesto Irrigation District Turlock Irrigation District Coast Economic Consulting Xxxxxxxx & Xxxxxxxx Xxxxxx Xxxxxxx United Cogen Commercial Energy Xxxxxxxx & Xxxxxxxx LLP Utility Cost Management Consumer Federation of California NLine Energy, Inc. Utility Specialists Crossborder Energy NRG West Verizon Xxxxx Xxxxxx Xxxxxxxx LLP NaturEner Navigant Consulting Wellhead Electric Company Day Xxxxxx Xxxxxx Navigant Consulting Xxxxxx & Xxxx Associates Western Manufactured Housing Communities Association (WMA)

DISCUSSION OF MERIT FOR APPROVAL. Xxxxxx concurs with PG&E management that the Xxxxxx XX Shiloh III contract merits CPUC approval. In Xxxxxx’x opinion the contract offers moderate to high net value, low contract price, moderate portfolio fit, and high project viability. It would contribute to PG&E's efforts to meet its short-term RPS GoalsGoals and its long-term target as well. Xxxxxx has scored The negotiations resulted in a contract that varies in interesting ways from PG&E’s Form Agreement, but Xxxxxx’x opinion is that, overall, the project as moderate with respect to portfolio fit. Xxxxxx’x qualified opinion, based solely on post-hoc document review without direct observation of negotiations, result is that the negotiations for this project’s output were fair to ratepayers and fair to competing developers. PG&E Gas and Electric Advice Filing List General Order 96-B, Section IV AT&T Department of Water Resources North America Power Partners Coast SolarResources Xxxxxxxx & Xxxx LLP Department of the Army Northern California Power Association Ameresco Dept of General Services North Coast SolarResources Ameresco Xxxxxxxx & Xxxxxxx Northern California Power Association Xxxxxxxx & Xxxxx Xxxxxx & Brand Occidental Energy Marketing, Inc. XXXX Xxxx Energy Xxxxxxxx & Xxxxx Division of Business Advisory Services OnGrid Solar Arizona Public Service Company Xxxxxxxx & Xxxxxxx Praxair XXXX Xxxxxx & Brand X. X. Xxxx & Associates BP Energy Company Duke Energy RCS, Inc. Xxxxxxxxx & Xxx, Inc. Xxxxxxx, Xxxx Xxxxx Research Xxxxxx Xxxxx Associates Economic Sciences Corporation Praxair Xxxxxx Xxxxx Associates Recurrent Energy Bloomberg New Energy Finance Xxxxxxx Xxxxxxxxx & Xxxxxx LLP X. X. Xxxx & Associates Bloomberg SCD Energy Solutions Boston Properties Xxxxxx Farms RCS, Inc. Bloomberg New Energy Finance SCE Brookfield Renewable Power G. A. Xxxxxx & Assoc. Recurrent Energy Boston Properties SMUD C & H Sugar Co. GLJ Publications SCD Energy Solutions Xxxxx Xxxxxxxx XxXxxxxxxx, P.C. GenOn Energy, Inc. SCE Brookfield Renewable Power XXXXX CA Bldg Industry Association Goodin, MacBride, Xxxxxx, Xxxxxxx & Xxxxxxx XXXX CA Bldg Industry Association San Francisco Public Utilities Commission CAISO Green Power Institute XXXXX Santa Fe Jets CLECA Law Office Xxxxx & Xxxxxx San Francisco Public Utilities Commission Seattle City Light CSC Energy Services Hitachi Seattle City Light Sempra Utilities California Cotton Ginners & Growers Assn In House Energy Sempra Utilities California Energy Commission International Power Technology Sierra Pacific Power Company California League of Food Processors Energy Commission Intestate Gas Services, Inc. Silicon Valley Power California Public Utilities Commission League of Food Processors Xxxxxxxx Berkeley National Lab Silo Energy LLC Calpine California Public Utilities Commission Los Angeles Dept of Water & Power Southern California Edison Company Cardinal Xxxxx Calpine Xxxx, XxxxxxxForward, Xxxxxxxx & Scripps LLP Spark Energy, X.X. Xxxxxx, Xxxxx XXX Sunshine Design Xxxxxxx XxXxxxx MAC Lighting Consulting Sun Light & Power Center for Biological Diversity MBMC, Inc. Sunshine Design Xxxxx, Xxxx MRW & Associates Xxxxxxxxxx, Xxxxxx & Xxxxxxx City of Palo Alto Xxxxxx Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxxxx Xxxxx MBMC, Inc. Tabors Caramanis & Associates City of Palo Alto Utilities XxXxxxxx Xxxxxx, Xxxxx XXX & Associates Tecogen, Inc. City of San Xxxxx, Xxxx Xxxxxx Irrigation District Tiger Xxxxxx Xxxxxxxx Xxxxx Natural Gas, Inc. City of Santa Xxxx Xxxxxxx Glendale XxXxxxxx & Associates Tioga Energy City of Palo Alto Merced Irrigation District TransCanada Clean Energy Fuels Xxxxxx Xxxxxxx Mirant Turlock Irrigation District Coast Economic Consulting Xxxxxxxx & Xxxxxxxx Modesto Irrigation District U S Borax, Inc. Commerce Energy Xxxxxx Xxxxxxx United Cogen Commercial Energy Xxxxxxxx & Xxxxxxxx LLP Utility Cost Management Consumer Federation of California NLine Energy, Inc. Utility Specialists Crossborder Energy NRG West Verizon Xxxxx Xxxxxx Xxxxxxxx LLP NaturEner New United Motor Mfg., Inc. Wellhead Electric Company Day Xxxxxx Xxxxxx Navigant Consulting Xxxxxx & Xxxx Associates Western Manufactured Housing Communities Association (WMA)

DISCUSSION OF MERIT FOR APPROVAL. Xxxxxx concurs with PG&E management that the Xxxxxx XX SGS-1 contract merits CPUC approval. In Xxxxxx’x opinion the contract offers high moderate net value, low a moderate contract price, moderate portfolio fit, and moderate to high project viability. It would contribute to PG&E's efforts to meet its long-term RPS Goals. Xxxxxx has scored the project as moderate with respect to portfolio fit, and will likely also support its short-term RPS goal under flexible compliance rules. Xxxxxx’x qualified opinion, based solely on post-hoc document review without direct observation of negotiations, opinion is that negotiations between parties were conducted fairly, and that the negotiations for this project’s output were resulting contract is fair to ratepayers and fair to competing developers. PG&E Gas and Electric Advice Filing List General Order 96-B, Section IV AT&T Department of Water Resources North America Power Partners Coast SolarResources Xxxxxxxx & Xxxx LLP Department of the Army Northern California Power Association Ameresco Dept of General Services North Coast SolarResources Ameresco Xxxxxxxx & Xxxxxxx Northern California Power Association Xxxxxxxx & Xxxxx Xxxxxx & Brand Occidental Energy Marketing, Inc. XXXX Xxxx Energy Xxxxxxxx & Xxxxx Division of Business Advisory Services OnGrid Solar Arizona Public Service Company Xxxxxxxx & Xxxxxxx Praxair XXXX Xxxxxx & Brand X. X. Xxxx & Associates BP Energy Company Duke Energy RCS, Inc. Xxxxxxxxx & Xxx, Inc. Xxxxxxx, Xxxx Xxxxx Research Xxxxxx Xxxxx Associates Economic Sciences Corporation Praxair Xxxxxx Xxxxx Associates Recurrent Energy Bloomberg Xxxxxxx Xxxxxxxxx & Xxxxxx LLP X. X. Xxxx & Associates Bloomberg Xxxxxx Farms RCS, Inc. SCD Energy Solutions Bloomberg New Energy Finance Xxxxxx Farms SCE Boston Properties G. A. Xxxxxx & Assoc. Recurrent Energy Boston Properties GLJ Publications SCD Energy Solutions SMUD Xxxxx Xxxxxxxx XxXxxxxxxx, P.C. GenOn Energy, Inc. SCE GLJ Publications XXXXX Brookfield Renewable Power Goodin, MacBride, Xxxxxx, Xxxxxxx & Xxxxxxx XXXX San Francisco Public Utilities Commission CA Bldg Industry Association Green Power Institute Santa Fe Jets XXXXX Xxxxx & Xxxxxx Seattle City Light CLECA Law Office Xxxxx & Xxxxxx San Francisco Public Hitachi Sempra Utilities Commission CSC Energy Services Hitachi Seattle City Light In House Energy Sierra Pacific Power Company California Cotton Ginners & Growers Assn In House Energy Sempra Utilities International Power Technology Silicon Valley Power California Energy Commission International Power Technology Sierra Pacific Power Company Intestate Gas Services, Inc. Silo Energy LLC California League of Food Processors Intestate Gas Services, Inc. Silicon Valley Power Xxxxxxxx Berkeley National Lab Southern California Edison Company California Public Utilities Commission Xxxxxxxx Berkeley National Lab Silo Energy LLC Calpine Los Angeles Dept of Water & Power Southern California Edison Company Cardinal Xxxxx Spark Energy, L.P. Calpine Xxxx, Xxxxxxx, Xxxxxxxx & Scripps LLP Spark Energy, X.X. Xxxxxx, Xxxxx XXX Sunshine Design Cardinal Cogen MAC Lighting Consulting Sun Light & Power Center for Biological Diversity MBMC, Inc. Sunshine Design Xxxxx, Xxxx MRW & Associates Xxxxxxxxxx, Xxxxxx & Xxxxxxx City of Palo Alto Xxxxxx Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxxxx Xxxxxx, Xxxxx MBMC, Inc. Tabors Caramanis & Associates City of Palo Alto Utilities XxXxxxxx Xxxxx, Xxxx MRW & Associates Tecogen, Inc. City of San Xxxx Glendale Xxxxxx Irrigation District Tiger Xxxxxx Xxxxxxxx Xxxxx Natural Gas, Inc. City of Santa Xxxx Xxxxxxx Palo Alto XxXxxxxx & Associates Tioga Energy City of Palo Alto Utilities Merced Irrigation District TransCanada Clean Energy Fuels Xxxxxx Xxxxxxx Modesto Irrigation District Turlock Irrigation District Coast Economic Consulting Xxxxxxxx & Xxxxxxxx Xxxxxx Xxxxxxx United Cogen Commercial Energy Xxxxxxxx & Xxxxxxxx LLP Utility Cost Management Consumer Federation of California NLine Energy, Inc. Utility Specialists Crossborder Energy NRG West Verizon Xxxxx Xxxxxx Xxxxxxxx LLP NaturEner Navigant Consulting Wellhead Electric Company Day Xxxxxx Xxxxxx Navigant Consulting Xxxxxx & Xxxx Associates Western Manufactured Housing Communities Association (WMA)