Common use of Hourly Fuel Price Clause in Contracts

Hourly Fuel Price. The Hourly Fuel Price for Units shall be the same for each hour of a given day and is calculated in accordance with Equation C1-8. Hourly Fuel Price ($/MMBtu) = Commodity Price ($/MMBtu) + Intrastate Transportation Rate ($/MMBtu) Equation C1-8 (Oil) Hourly Fuel Price ($/MMBtu) = Commodity Price ($/MMBtu) + Transportation Rate ($/MMBtu) For the Facilities within the service area of SCE or SDG&E, the Commodity Price shall be the product of 1.02 and the simple average of the following indices: Gas Daily, SoCal Gas, Large Packages index (midpoint) BTU Daily Gas Wire, SoCal Border index, Topock NGI Daily Gas Price Index, Southern California Border (average) For the Facilities within the service territory of PG&E, the Commodity Price shall be the product of 1.02 and the simple average of the following indices: Gas Daily, PG&E Citygate index (midpoint) NGI Daily Gas Price Index, PG&E Citygate (average) The indices to be used for each Settlement Period in a given day are shown in Table C1-