Common use of For Pre-empted Energy Market Transactions Clause in Contracts

For Pre-empted Energy Market Transactions. Pre-empted Dispatch Payment = Imbalance Energy Charge – Cost Savings Imbalance Energy Charge = (Xo-Xn Penalty Price = Unrestricted Imbalance Energy Price + additional penalties (per MWh) imposed by the CAISO for failure to comply with Market Schedules due to compliance with Dispatch Notice. Cost Savings = Fuel Cost Savings + Emissions Savings + Other Savings Where: Xo = Original Total Schedule in Market and Nonmarket Transactions; Xn = New Total Schedule in Market and Nonmarket Transactions; For fossil fuel Units, the Fuel Cost Savings is calculated as follows: Fuel Cost Savings = Fuel Savings x Hourly Fuel Price o o o n n n Fuel Savings = ( (AX 3+BX 2+CX +D) - (AX 3+BX 2+CX +D) )  E or Fuel Savings = [ ( A  (B + CXo + DeFXo) ) - ( A * (B + CXn + DeFXn) ) ]  E A, B, C, D, E and F are the coefficients from Table C1-7a or C1-7b, as applicable; Hourly Fuel Price is calculated in Equation C1-8. For geothermal Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  Hourly Fuel Price Where: Hourly Fuel Price is the Steam Price identified in Equation C2-1 in Schedule C. However, for purposes of this Pre-empted Dispatch Payment calculation, the value for the Steam Price will be set to zero for Geysers Main Units until the cumulative Hourly Metered Total Net Generation for the Contract Year from all Units exceeds the Minimum Annual Generation given in Equation C2-2. For pumped storage hydroelectric Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  Hourly Fuel Price Where: Hourly Fuel Price is YTD Pumping Cost / YTD Energy Produced; and YTD Pumping Cost and YTD Energy Produced are as defined in Equation C4-2. For conventional hydroelectric Units, the Fuel Cost Savings is zero. Other Savings = ((Xo-Xn)  (Variable O&M Rate + applicable annual charge for short- term sales under 18 CFR 382.201 of the FERC Regulations Emissions Savings = RECLAIM Savings + NOx Emissions Fee Savings + Organic Gases Fee Savings + Sulfur Oxides Fee Savings + Particulate Matter Savings + Carbon Monoxide Fee Savings o o n n RECLAIM Savings = ((AX 2+BX +C) - (AX 2+BX +C))  RECLAIM NOx Trading Credit Rate Where: A, B and C are the coefficients from Table C1-13; Xo = Original Total Schedule in Market and Nonmarket Transactions; Xn = New Total Schedule in Market and Nonmarket Transactions; NOx Emissions Fee Savings = 2 2((AXo +BXo+C) - (AXn +BXn+C))  NOx Emissions Fee; 2000 Where:

For Pre-empted Energy Market Transactions. Pre-empted Dispatch Payment = Imbalance Energy Charge – Cost Savings  Imbalance Energy Charge = (Xo-Xn Xn)  Penalty Price  Penalty Price = Unrestricted Imbalance Energy Price + additional penalties (per MWh) imposed by the CAISO for failure to comply with Market Schedules due to compliance with Dispatch Notice.  Cost Savings = Fuel Cost Savings + Emissions Savings + Other Savings Where:  Xo = Original Total Schedule in Market and Nonmarket Transactions;  Xn = New Total Schedule in Market and Nonmarket Transactions; For fossil fuel Units, the Fuel Cost Savings is calculated as follows:  Fuel Cost Savings = Fuel Savings x Hourly Fuel Price o o o n n n  Fuel Savings = ( (AX 3+BX 2+CX +DAXo3+BXo2+CXo+D) - (AX 3+BX 2+CX +DAXn3+BXn2+CXn+D) )  E or  Fuel Savings = [ ( A  (B + CXo + DeFXo) ) - ( A * (B + CXn + DeFXn) ) ]  E  A, B, C, D, E and F are the coefficients from Table C1-7a or C1-7b, as applicable;  Hourly Fuel Price is calculated in Equation C1-8. For geothermal Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  Hourly Fuel Price Where:  Hourly Fuel Price is the Steam Price identified in Equation C2-1 in Schedule C. However, for purposes of this Pre-empted Dispatch Payment calculation, the value for the Steam Price will be set to zero for Geysers Main Units until the cumulative Hourly Metered Total Net Generation for the Contract Year from all Units exceeds the Minimum Annual Generation given in Equation C2-2. For pumped storage hydroelectric Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  Hourly Fuel Price Where:  Hourly Fuel Price is YTD Pumping Cost / YTD Energy Produced; and YTD Pumping Cost and YTD Energy Produced are as defined in Equation C4-2. For conventional hydroelectric Units, the Fuel Cost Savings is zero. Other Savings = ((Xo-Xn)  (Variable O&M Rate + applicable annual charge for short- short-term sales under 18 CFR 382.201 of the FERC Regulations Emissions Savings = RECLAIM Savings + NOx Emissions Fee Savings + Organic Gases Fee Savings + Sulfur Oxides Fee Savings + Particulate Matter Savings + Carbon Monoxide Fee Savings o o n n RECLAIM Savings = ((AX 2+BX +CAXo2+BXo+C) - (AX 2+BX +CAXn2+BXn+C))  RECLAIM NOx Trading Credit Rate Where:  A, B and C are the coefficients from Table C1-13;  Xo = Original Total Schedule in Market and Nonmarket Transactions;  Xn = New Total Schedule in Market and Nonmarket Transactions; NOx Emissions Fee Savings = 2 2((AXo +BXo+C((AXo2+BXo+C) - (AXn +BXn+CAXn2+BXn+C))  NOx Emissions Fee; 2000 Where::  A, B and C are the coefficients from Table C1-13;  Xo = Original Total Schedule in Market and Nonmarket Transactions;  Xn = New Total Schedule in Market and Nonmarket Transactions; Organic Gases Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Organic Gases  Associated Emissions Fee for Organic Gases Sulfur Oxides Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Sulfur Oxides  Associated Emissions Fee for Sulfur Oxides Particulate Matter Oxides Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Particulate Matter  Associated Emission Fee for Particulate Matter Carbon Monoxide Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Carbon Monoxide  Associated Emission Fee for Carbon Monoxide All Emissions Fees and Emission Factors are determined in accordance with Schedule C. [If applicable, insert emission cost savings formula for fuel other than natural gas.] The Owner will be entitled to retain all payments received from the Owner’s Scheduling Coordinator for the Unit’s scheduled output.

For Pre-empted Energy Market Transactions. Pre-empted Dispatch Payment = Imbalance Energy Charge – Cost Savings Imbalance Energy Charge = (Xo-Xn Penalty Price = Unrestricted Imbalance Energy Price + additional penalties (per MWh) imposed by the CAISO for failure to comply with Market Schedules due to compliance with Dispatch Notice. Cost Savings = Fuel Cost Savings + Emissions Savings + Other Savings Where: Xo = Original Total Schedule in Market and Nonmarket Transactions; Xn = New Total Schedule in Market and Nonmarket Transactions; For fossil fuel Units, the Fuel Cost Savings is calculated as follows: Fuel Cost Savings = Fuel Savings x Hourly Fuel Price o o o n n n Fuel Savings = ( (AX 3+BX 2+CX +D) - (AX 3+BX 2+CX +D) )  🟏 E or Fuel Savings = [ ( A  🟏 (B + CXo + DeFXo) ) - ( A * (B + CXn + DeFXn) ) ]  🟏 E A, B, C, D, E and F are the coefficients from Table C1-7a or C1-7b, as applicable; Hourly Fuel Price is calculated in Equation C1-8. For geothermal Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  🟏 Hourly Fuel Price Where: Hourly Fuel Price is the Steam Price identified in Equation C2-1 in Schedule C. However, for purposes of this Pre-empted Dispatch Payment calculation, the value for the Steam Price will be set to zero for Geysers Main Units until the cumulative Hourly Metered Total Net Generation for the Contract Year from all Units exceeds the Minimum Annual Generation given in Equation C2-2. For pumped storage hydroelectric Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  🟏 Hourly Fuel Price Where: Hourly Fuel Price is YTD Pumping Cost / YTD Energy Produced; and YTD Pumping Cost and YTD Energy Produced are as defined in Equation C4-2. For conventional hydroelectric Units, the Fuel Cost Savings is zero. Other Savings = ((Xo-Xn)  🟏 (Variable O&M Rate + applicable annual charge for short- term sales under 18 CFR 382.201 of the FERC Regulations Emissions Savings = RECLAIM Savings + NOx Emissions Fee Savings + Organic Gases Fee Savings + Sulfur Oxides Fee Savings + Particulate Matter Savings + Carbon Monoxide Fee Savings o o n n RECLAIM Savings = ((AX 2+BX +C) - (AX 2+BX +C))  🟏 RECLAIM NOx Trading Credit Rate Where: A, B and C are the coefficients from Table C1-13; Xo = Original Total Schedule in Market and Nonmarket Transactions; Xn = New Total Schedule in Market and Nonmarket Transactions; NOx Emissions Fee Savings = 2 2((AXo +BXo+C) - (AXn +BXn+C))  🟏 NOx Emissions Fee; 2000 Where:: A, B and C are the coefficients from Table C1-13; Xo = Original Total Schedule in Market and Nonmarket Transactions; Xn = New Total Schedule in Market and Nonmarket Transactions; Organic Gases Fee Savings =

For Pre-empted Energy Market Transactions. Pre-empted Dispatch Payment = Imbalance Energy Charge – Cost Savings  Imbalance Energy Charge = (Xo-Xn Xn) Penalty Price  Penalty Price = Unrestricted Imbalance Energy Price + additional penalties (per MWh) imposed by the CAISO for failure to comply with Market Schedules due to compliance with Dispatch Notice.  Cost Savings = Fuel Cost Savings + Emissions Savings + Other Savings Where: or  Xo = Original Total Schedule in Market and Nonmarket Transactions;  Xn = New Total Schedule in Market and Nonmarket Transactions; For fossil fuel Units, the Fuel Cost Savings is calculated as follows:  Fuel Cost Savings = Fuel Savings x Hourly Fuel Price o o o n n n  Fuel Savings = ( (AX 3+BX 2+CX +D) - (AX 3+BX 2+CX +D) )  E or  Fuel Savings = [ ( A  (B + CXo + DeFXo) ) - ( A * (B + CXn + DeFXn) ) ]  E  A, B, C, D, E and F are the coefficients from Table C1-7a or C1-7b, as applicable;  Hourly Fuel Price is calculated in Equation C1-8. For geothermal Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  Hourly Fuel Price Where:  Hourly Fuel Price is the Steam Price identified in Equation C2-1 in Schedule C. However, for purposes of this Pre-empted Dispatch Payment calculation, the value for the Steam Price will be set to zero for Geysers Main Units until the cumulative Hourly Metered Total Net Generation for the Contract Year from all Units exceeds the Minimum Annual Generation given in Equation C2-2. For pumped storage hydroelectric Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  Hourly Fuel Price Where:  Hourly Fuel Price is YTD Pumping Cost / YTD Energy Produced; and YTD Pumping Cost and YTD Energy Produced are as defined in Equation C4-2. For conventional hydroelectric Units, the Fuel Cost Savings is zero. Other Savings = ((Xo-Xn)  (Variable O&M Rate + applicable annual charge for short- term sales under 18 CFR 382.201 of the FERC Regulations Emissions Savings = RECLAIM Savings + NOx Emissions Fee Savings + Organic Gases Fee Savings + Sulfur Oxides Fee Savings + Particulate Matter Savings + Carbon Monoxide Fee Savings o o n n RECLAIM Savings = ((AX 2+BX +C) - (AX 2+BX +C))  RECLAIM NOx Trading Credit Rate Where:  A, B and C are the coefficients from Table C1-13;  Xo = Original Total Schedule in Market and Nonmarket Transactions;  Xn = New Total Schedule in Market and Nonmarket Transactions; NOx Emissions Fee Savings = 2 2((AXo +BXo+C) - (AXn +BXn+C))  NOx Emissions Fee; 2000 Where:;

For Pre-empted Energy Market Transactions. Pre-empted Dispatch Payment = Imbalance Energy Charge – Cost Savings  Imbalance Energy Charge = (Xo-Xn  Penalty Price = Unrestricted Imbalance Energy Price + additional penalties (per MWh) imposed by the CAISO for failure to comply with Market Schedules due to compliance with Dispatch Notice.  Cost Savings = Fuel Cost Savings + Emissions Savings + Other Savings Where: or  Xo = Original Total Schedule in Market and Nonmarket Transactions;  Xn = New Total Schedule in Market and Nonmarket Transactions; For fossil fuel Units, the Fuel Cost Savings is calculated as follows:  Fuel Cost Savings = Fuel Savings x Hourly Fuel Price o o o n n n  Fuel Savings = ( (AX 3+BX 2+CX +D) - (AX 3+BX 2+CX +D) )  E or  Fuel Savings = [ ( A  (B + CXo + DeFXo) ) - ( A * (B + CXn + DeFXn) ) ]  E  A, B, C, D, E and F are the coefficients from Table C1-7a or C1-7b, as applicable;  Hourly Fuel Price is calculated in Equation C1-8. For geothermal Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  Hourly Fuel Price Where:  Hourly Fuel Price is the Steam Price identified in Equation C2-1 in Schedule C. However, for purposes of this Pre-empted Dispatch Payment calculation, the value for the Steam Price will be set to zero for Geysers Main Units until the cumulative Hourly Metered Total Net Generation for the Contract Year from all Units exceeds the Minimum Annual Generation given in Equation C2-2. For pumped storage hydroelectric Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  Hourly Fuel Price Where:  Hourly Fuel Price is YTD Pumping Cost / YTD Energy Produced; and YTD Pumping Cost and YTD Energy Produced are as defined in Equation C4-2. For conventional hydroelectric Units, the Fuel Cost Savings is zero. Other Savings = ((Xo-Xn)  (Variable O&M Rate + applicable annual charge for short- term sales under 18 CFR 382.201 of the FERC Regulations Emissions Savings = RECLAIM Savings + NOx Emissions Fee Savings + Organic Gases Fee Savings + Sulfur Oxides Fee Savings + Particulate Matter Savings + Carbon Monoxide Fee Savings o o n n RECLAIM Savings = ((AX 2+BX +C) - (AX 2+BX +C))  RECLAIM NOx Trading Credit Rate Where:  A, B and C are the coefficients from Table C1-13;  Xo = Original Total Schedule in Market and Nonmarket Transactions;  Xn = New Total Schedule in Market and Nonmarket Transactions; NOx Emissions Fee Savings = 2 2((AXo +BXo+C) - (AXn +BXn+C))  NOx Emissions Fee; 2000 Where::  A, B and C are the coefficients from Table C1-13;  Xo = Original Total Schedule in Market and Nonmarket Transactions;  Xn = New Total Schedule in Market and Nonmarket Transactions; Organic Gases Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Organic Gases  Associated Emissions Fee for Organic Gases Sulfur Oxides Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Sulfur Oxides  Associated Emissions Fee for Sulfur Oxides Particulate Matter Oxides Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Particulate Matter  Associated Emission Fee for Particulate Matter Carbon Monoxide Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Carbon Monoxide  Associated Emission Fee for Carbon Monoxide All Emissions Fees and Emission Factors are determined in accordance with Schedule C. [If applicable, insert emission cost savings formula for fuel other than natural gas.] The Owner will be entitled to retain all payments received from the Owner’s Scheduling Coordinator for the Unit’s scheduled output.

For Pre-empted Energy Market Transactions. Pre-empted Dispatch Payment = Imbalance Energy Charge – Cost Savings  Imbalance Energy Charge = (Xo-Xn Xn)  P e na lty P rice  Penalty Price = Unrestricted Imbalance Energy Price + additional penalties (per MWh) imposed by the CAISO for failure to comply with Market Schedules due to compliance with Dispatch Notice.  Cost Savings = Fuel Cost Savings + Emissions Savings + Other Savings Where:  Xo = Original Total Schedule in Market and Nonmarket Transactions;  Xn = New Total Schedule in Market and Nonmarket Transactions; For fossil fuel Units, the Fuel Cost Savings is calculated as follows:  Fuel Cost Savings = Fuel Savings x Hourly Fuel Price o o o n n n  Fuel Savings = ( (AX 3+BX 2+CX +D2+CXo+D) - (AX 3+BX 2+CX +D2+CXn+D) )  E or  Fuel Savings = [ ( A  (B + CXo C Xo + DeFXo) ) - ( A * (B + CXn + DeFXn) ) ]  E  A, B, C, D, E and F are the coefficients from Table C1-7a or C1-7b, as applicable;  Hourly Fuel Price is calculated in Equation C1-8. For geothermal Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  Hourly Fuel Price Fue x X xxxx Where:  Hourly Fuel Price is the Steam Price identified in Equation C2-1 in Schedule C. However, for purposes of this Pre-empted Dispatch Payment calculation, the value for the Steam Price will be set to zero for Geysers Main Units until the cumulative Hourly Metered Total Net Generation for the Contract Year from all Units exceeds the Minimum Annual Generation given in Equation C2-2. For pumped storage hydroelectric Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  Hourly Fuel Price Fue x X xxxx Where:  Hourly Fuel Price is YTD Pumping Cost / YTD Energy Produced; and YTD Pumping Cost and YTD Energy Produced are as defined in Equation C4-2. For conventional hydroelectric Units, the Fuel Cost Savings is zero. Other Savings = ((Xo-Xn)  (Variable Va riable O&M Rate Ra te + applicable a pplicable annual charge cha rge for short- s hort- term sales under 18 CFR 382.201 of the FERC Regulations Emissions Savings = RECLAIM Savings + NOx Emissions Fee Savings + Organic Gases Fee Savings + Sulfur Oxides Fee Savings + Particulate Matter Savings + Carbon Monoxide Fee Savings o o n n RECLAIM Savings = ((AX 2+BX +C2+BXo+C) - (AX 2+BX +C2+BXn+C))  RECLAIM NOx Trading Credit Tra ding Cre dit Rate Where:  A, B and C are the coefficients from Table C1-13;  Xo = Original Total Schedule in Market and Nonmarket Transactions;  Xn = New Total Schedule in Market and Nonmarket Transactions; NOx Emissions Fee Savings = 2 2((AXo +BXo+C) - (AXn +BXn+C))  NOx Emissions Fee; 2000 Where::  A, B and C are the coefficients from Table C1-13;  Xo = Original Total Schedule in Market and Nonmarket Transactions;  Xn = New Total Schedule in Market and Nonmarket Transactions; Organic Gases Fee Savings = 4.76  1 0-7  Ga s Fue l S a vings As s ocia te d Emis s ion Fa ctor for Orga nic Gases  As s ocia te d Emis s ions Fe e for Orga nic Ga s e s Sulfur Oxides Fee Savings = 4.76  1 0-7  Ga s Fue l S a vings As s ocia te d Emis s ion Fa ctor for S ulfur Oxides  As s ocia te d Em is s ions Fe e for S ulfur Oxide s Particulate Matter Oxides Fee Savings = 4.76  1 0-7  Gas Fuel S a vings As s ocia xxx Xxxx s ion Factor for P a rticula te Matter  As s ocia te d Emis s ion Fe e for P a rticula te Ma tter Carbon Monoxide Fee Savings = 4.76  1 0-7  Ga s Fue l S a vings As s ocia te d Emis s ion Fa ctor for Ca rbon Monoxide  As s ocia te d Emis s ion Fe e for Ca rbon Monoxide All Emissions Fees and Emission Factors are determined in accordance with Schedule C. [If applicable, insert emission cost savings formula for fuel other than natural gas.] The Owner will be entitled to retain all payments received from the Owner’s Scheduling Coordinator for the Unit’s scheduled output.

For Pre-empted Energy Market Transactions. Pre-empted Dispatch Payment = Imbalance Energy Charge – Cost Savings  Imbalance Energy Charge = (Xo-Xn Xn) □ Penalty Price  Penalty Price = Unrestricted Imbalance Energy Price + additional penalties (per MWh) imposed by the CAISO for failure to comply with Market Schedules due to compliance with Dispatch Notice.  Cost Savings = Fuel Cost Savings + Emissions Savings + Other Savings Where: or  Xo = Original Total Schedule in Market and Nonmarket Transactions;  Xn = New Total Schedule in Market and Nonmarket Transactions; For fossil fuel Units, the Fuel Cost Savings is calculated as follows:  Fuel Cost Savings = Fuel Savings x Hourly Fuel Price o o o n n n  Fuel Savings = ( (AX 3+BX 2+CX +D) - (AX 3+BX 2+CX +D) )  E or  Fuel Savings = [ ( A  (B + CXo + DeFXo) ) - ( A * (B + CXn + DeFXn) ) ]  E  A, B, C, D, E and F are the coefficients from Table C1-7a or C1-7b, as applicable;  Hourly Fuel Price is calculated in Equation C1-8. For geothermal Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  Hourly Fuel Price Where:  Hourly Fuel Price is the Steam Price identified in Equation C2-1 in Schedule C. However, for purposes of this Pre-empted Dispatch Payment calculation, the value for the Steam Price will be set to zero for Geysers Main Units until the cumulative Hourly Metered Total Net Generation for the Contract Year from all Units exceeds the Minimum Annual Generation given in Equation C2-2. For pumped storage hydroelectric Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  Hourly Fuel Price Where:  Hourly Fuel Price is YTD Pumping Cost / YTD Energy Produced; and YTD Pumping Cost and YTD Energy Produced are as defined in Equation C4-2. For conventional hydroelectric Units, the Fuel Cost Savings is zero. Other Savings = ((Xo-Xn)  (Variable O&M Rate + applicable annual charge for short- term sales under 18 CFR 382.201 of the FERC Regulations Emissions Savings = RECLAIM Savings + NOx Emissions Fee Savings + Organic Gases Fee Savings + Sulfur Oxides Fee Savings + Particulate Matter Savings + Carbon Monoxide Fee Savings o o n n RECLAIM Savings = ((AX 2+BX +C) - (AX 2+BX +C))  RECLAIM NOx Trading Credit Rate Where:  A, B and C are the coefficients from Table C1-13;  Xo = Original Total Schedule in Market and Nonmarket Transactions;  Xn = New Total Schedule in Market and Nonmarket Transactions; NOx Emissions Fee Savings = 2 2((AXo +BXo+C((AXo2+BXo+C) - (AXn +BXn+CAXn2+BXn+C))  NOx Emissions Fee; 2000 Where::  A, B and C are the coefficients from Table C1-13;  Xo = Original Total Schedule in Market and Nonmarket Transactions;  Xn = New Total Schedule in Market and Nonmarket Transactions; Organic Gases Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Organic Gases  Associated Emissions Fee for Organic Gases Sulfur Oxides Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Sulfur Oxides  Associated Emissions Fee for Sulfur Oxides Particulate Matter Oxides Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Particulate Matter  Associated Emission Fee for Particulate Matter Carbon Monoxide Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Carbon Monoxide  Associated Emission Fee for Carbon Monoxide All Emissions Fees and Emission Factors are determined in accordance with Schedule C. [If applicable, insert emission cost savings formula for fuel other than natural gas.] The Owner will be entitled to retain all payments received from the Owner’s Scheduling Coordinator for the Unit’s scheduled output.

For Pre-empted Energy Market Transactions. Pre-empted Dispatch Payment = Imbalance Energy Charge – Cost Savings • Imbalance Energy Charge = (Xo-Xn Xn)  P e na lty P rice • Penalty Price = Unrestricted Imbalance Energy Price + additional penalties (per MWh) imposed by the CAISO for failure to comply with Market Schedules due to compliance with Dispatch Notice. • Cost Savings = Fuel Cost Savings + Emissions Savings + Other Savings Where: or • Xo = Original Total Schedule in Market and Nonmarket Transactions; • Xn = New Total Schedule in Market and Nonmarket Transactions; For fossil fuel Units, the Fuel Cost Savings is calculated as follows: • Fuel Cost Savings = Fuel Savings x Hourly Fuel Price o o o n n n • Fuel Savings = ( (AX 3+BX 2+CX +D) - (AX 3+BX 2+CX +D) )  🟏 E or • Fuel Savings = [ ( A  🟏 (B + CXo + DeFXo) ) - ( A * (B + CXn + DeFXn) ) ]  🟏 E • A, B, C, D, E and F are the coefficients from Table C1-7a or C1-7b, as applicable; • Hourly Fuel Price is calculated in Equation C1-8. For geothermal Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  🟏 Hourly Fuel Price Where: • Hourly Fuel Price is the Steam Price identified in Equation C2-1 in Schedule C. However, for purposes of this Pre-empted Dispatch Payment calculation, the value for the Steam Price will be set to zero for Geysers Main Units until the cumulative Hourly Metered Total Net Generation for the Contract Year from all Units exceeds the Minimum Annual Generation given in Equation C2-2. For pumped storage hydroelectric Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  🟏 Hourly Fuel Price Where: • Hourly Fuel Price is YTD Pumping Cost / YTD Energy Produced; and YTD Pumping Cost and YTD Energy Produced are as defined in Equation C4-2. For conventional hydroelectric Units, the Fuel Cost Savings is zero. Other Savings = ((Xo-Xn)  🟏 (Variable O&M Rate + applicable annual charge for short- term sales under 18 CFR 382.201 of the FERC Regulations Emissions Savings = RECLAIM Savings + NOx Emissions Fee Savings + Organic Gases Fee Savings + Sulfur Oxides Fee Savings + Particulate Matter Savings + Carbon Monoxide Fee Savings o o n n RECLAIM Savings = ((AX 2+BX +C) - (AX 2+BX +C))  🟏 RECLAIM NOx Trading Credit Rate Where: • A, B and C are the coefficients from Table C1-13; • Xo = Original Total Schedule in Market and Nonmarket Transactions; • Xn = New Total Schedule in Market and Nonmarket Transactions; NOx Emissions Fee Savings = 2 2((AXo +BXo+C) - (AXn +BXn+C))  🟏 NOx Emissions Fee; 2000 Where:: • A, B and C are the coefficients from Table C1-13; • Xo = Original Total Schedule in Market and Nonmarket Transactions; • Xn = New Total Schedule in Market and Nonmarket Transactions; Organic Gases Fee Savings = 4.76 🟏 10-7 🟏 Gas Fuel Savings 🟏 Associated Emission Factor for Organic Gases 🟏 Associated Emissions Fee for Organic Gases Sulfur Oxides Fee Savings = 4.76 🟏 10-7 🟏 Gas Fuel Savings 🟏 Associated Emission Factor for Sulfur Oxides 🟏 Associated Emissions Fee for Sulfur Oxides Particulate Matter Oxides Fee Savings = 4.76 🟏 10-7 🟏 Gas Fuel Savings 🟏 Associated Emission Factor for Particulate Matter 🟏 Associated Emission Fee for Particulate Matter Carbon Monoxide Fee Savings = 4.76 🟏 10-7 🟏 Gas Fuel Savings 🟏 Associated Emission Factor for Carbon Monoxide 🟏 Associated Emission Fee for Carbon Monoxide All Emissions Fees and Emission Factors are determined in accordance with Schedule C. [If applicable, insert emission cost savings formula for fuel other than natural gas.] The Owner will be entitled to retain all payments received from the Owner’s Scheduling Coordinator for the Unit’s scheduled output.

For Pre-empted Energy Market Transactions. Pre-empted Dispatch Payment = Imbalance Energy Charge – Cost Savings  Imbalance Energy Charge = (Xo-Xn Xn)  Penalty Price  Penalty Price = Unrestricted Imbalance Energy Price + additional penalties (per MWh) imposed by the CAISO for failure to comply with Market Schedules due to compliance with Dispatch Notice.  Cost Savings = Fuel Cost Savings + Emissions Savings + Other Savings Where:  Xo = Original Total Schedule in Market and Nonmarket Transactions;  Xn = New Total Schedule in Market and Nonmarket Transactions; For fossil fuel Units, the Fuel Cost Savings is calculated as follows:  Fuel Cost Savings = Fuel Savings x Hourly Fuel Price o o o n n n  Fuel Savings = ( (AX 3+BX 2+CX +D2+CXo+D) - (AX 3+BX 2+CX +D2+CXn+D) )  E or  Fuel Savings = [ ( A  (B + CXo + DeFXo) ) - ( A * (B + CXn + DeFXn) ) ]  E  A, B, C, D, E and F are the coefficients from Table C1-7a or C1-7b, as applicable;  Hourly Fuel Price is calculated in Equation C1-8. For geothermal Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  Hourly Fuel Price Where:  Hourly Fuel Price is the Steam Price identified in Equation C2-1 in Schedule C. However, for purposes of this Pre-empted Dispatch Payment calculation, the value for the Steam Price will be set to zero for Geysers Main Units until the cumulative Hourly Metered Total Net Generation for the Contract Year from all Units exceeds the Minimum Annual Generation given in Equation C2-2. For pumped storage hydroelectric Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  Hourly Fuel Price Where:  Hourly Fuel Price is YTD Pumping Cost / YTD Energy Produced; and YTD Pumping Cost and YTD Energy Produced are as defined in Equation C4-2. For conventional hydroelectric Units, the Fuel Cost Savings is zero. Other Savings = ((Xo-Xn)  (Variable O&M Rate + applicable annual charge for short- term sales under 18 CFR 382.201 of the FERC Regulations Emissions Savings = RECLAIM Savings + NOx Emissions Fee Savings + Organic Gases Fee Savings + Sulfur Oxides Fee Savings + Particulate Matter Savings + Carbon Monoxide Fee Savings o o n n RECLAIM Savings = ((AX 2+BX +C2+BXo+C) - (AX 2+BX +C2+BXn+C))  RECLAIM NOx Trading Credit Rate Where:  A, B and C are the coefficients from Table C1-13;  Xo = Original Total Schedule in Market and Nonmarket Transactions;  Xn = New Total Schedule in Market and Nonmarket Transactions; NOx Emissions Fee Savings = 2 2((AXo +BXo+C) - (AXn +BXn+C))  NOx Emissions Fee; 2000 Where::  A, B and C are the coefficients from Table C1-13;  Xo = Original Total Schedule in Market and Nonmarket Transactions;  Xn = New Total Schedule in Market and Nonmarket Transactions; Organic Gases Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Organic Gases  Associated Emissions Fee for Organic Gases Sulfur Oxides Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Sulfur Oxides  Associated Emissions Fee for Sulfur Oxides Particulate Matter Oxides Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Particulate Matter  Associated Emission Fee for Particulate Matter Carbon Monoxide Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Carbon Monoxide  Associated Emission Fee for Carbon Monoxide All Emissions Fees and Emission Factors are determined in accordance with Schedule C. [If applicable, insert emission cost savings formula for fuel other than natural gas.] The Owner will be entitled to retain all payments received from the Owner’s Scheduling Coordinator for the Unit’s scheduled output.

For Pre-empted Energy Market Transactions. Pre-empted Dispatch Payment = Imbalance Energy Charge – Cost Savings • Imbalance Energy Charge = (Xo-Xn Xn)  P e na lty P rice • Penalty Price = Unrestricted Imbalance Energy Price + additional penalties (per MWh) imposed by the CAISO for failure to comply with Market Schedules due to compliance with Dispatch Notice. • Cost Savings = Fuel Cost Savings + Emissions Savings + Other Savings Where: or • Xo = Original Total Schedule in Market and Nonmarket Transactions; • Xn = New Total Schedule in Market and Nonmarket Transactions; For fossil fuel Units, the Fuel Cost Savings is calculated as follows: • Fuel Cost Savings = Fuel Savings x Hourly Fuel Price o o o n n n • Fuel Savings = ( (AX 3+BX 2+CX +D) - (AX 3+BX 2+CX +D) )  E or • Fuel Savings = [ ( A  (B + CXo + DeFXo) ) - ( A * (B + CXn + DeFXn) ) ]  E • A, B, C, D, E and F are the coefficients from Table C1-7a or C1-7b, as applicable; • Hourly Fuel Price is calculated in Equation C1-8. For geothermal Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  Hourly Fuel Price Where: • Hourly Fuel Price is the Steam Price identified in Equation C2-1 in Schedule C. However, for purposes of this Pre-empted Dispatch Payment calculation, the value for the Steam Price will be set to zero for Geysers Main Units until the cumulative Hourly Metered Total Net Generation for the Contract Year from all Units exceeds the Minimum Annual Generation given in Equation C2-2. For pumped storage hydroelectric Units, the Fuel Cost Savings is calculated by the following formula: Fuel Cost Savings = (Xo - Xn)  Hourly Fuel Price Where: • Hourly Fuel Price is YTD Pumping Cost / YTD Energy Produced; and YTD Pumping Cost and YTD Energy Produced are as defined in Equation C4-2. For conventional hydroelectric Units, the Fuel Cost Savings is zero. Other Savings = ((Xo-Xn)  (Variable O&M Rate + applicable annual charge for short- term sales under 18 CFR 382.201 of the FERC Regulations Emissions Savings = RECLAIM Savings + NOx Emissions Fee Savings + Organic Gases Fee Savings + Sulfur Oxides Fee Savings + Particulate Matter Savings + Carbon Monoxide Fee Savings o o n n RECLAIM Savings = ((AX 2+BX +C) - (AX 2+BX +C))  RECLAIM NOx Trading Credit Rate Where: • A, B and C are the coefficients from Table C1-13; • Xo = Original Total Schedule in Market and Nonmarket Transactions; • Xn = New Total Schedule in Market and Nonmarket Transactions; NOx Emissions Fee Savings = 2 2((AXo +BXo+C) - (AXn +BXn+C))  NOx Emissions Fee; 2000 Where:: • A, B and C are the coefficients from Table C1-13; • Xo = Original Total Schedule in Market and Nonmarket Transactions; • Xn = New Total Schedule in Market and Nonmarket Transactions; Organic Gases Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Organic Gases  Associated Emissions Fee for Organic Gases Sulfur Oxides Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Sulfur Oxides  Associated Emissions Fee for Sulfur Oxides Particulate Matter Oxides Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Particulate Matter  Associated Emission Fee for Particulate Matter Carbon Monoxide Fee Savings = 4.76  10-7  Gas Fuel Savings  Associated Emission Factor for Carbon Monoxide  Associated Emission Fee for Carbon Monoxide All Emissions Fees and Emission Factors are determined in accordance with Schedule C. [If applicable, insert emission cost savings formula for fuel other than natural gas.] The Owner will be entitled to retain all payments received from the Owner’s Scheduling Coordinator for the Unit’s scheduled output.