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 ($/MMBtu) Hourly Fuel Price ($/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 C1-8. Where more than one day’s index is shown for a Trading Day, the average of the two daily indices should be used. If an applicable index for a day, which is used to compute the index’s average for a Trading Day, is not published, then that index will not be used to compute the Commodity Price for that trading day. If no index for a day is published, then the average of applicable indices on the Index Publication Date preceding and the Index Publication Date following such day will be substituted for the Index Publication Date index for that day in Table C1-8. In the event that an index ceases to be published, Parties shall agree on a replacement index. Natural Gas Price Indices Index Publication Date* Trading Day Gas Daily ** Btu Daily ** Gas Wire NGI Daily ** Price Index Tuesday Tuesday/ Wednesday Monday/ Tuesday Tuesday/ Wednesday Wednesday Wednesday/ Thursday Tuesday/ Wednesday Wednesday/ Thursday Thursday Thursday/ Friday Wednesday/ Thursday Thursday/ Friday Friday Friday/ Monday Thursday/ Friday Friday/ Monday Saturday Monday/ Tuesday Friday/ Monday Monday/ Tuesday Sunday Monday/ Tuesday Friday/ Monday Monday/ Tuesday Monday Monday/ Tuesday Friday/ Monday Monday/ Tuesday *The Index Publication Date is the date of the publication which contains the prices for the applicable Trading Day. **Where more than one day’s index is shown for a Trading Day, the average of the two daily indices should be used.