Common use of Market-Based Rates for Wholesale Sales of Electric Energy, Capacity and Ancillary Services by Public Utilities Clause in Contracts

Market-Based Rates for Wholesale Sales of Electric Energy, Capacity and Ancillary Services by Public Utilities. Order No. 697 at P 186-187, FERC Stats. & Regs. ¶ 31,252, clarified, 121 FERC ¶ 61,260 (2007), order on reh’g, Order No. 697-A, FERC Stats. & Regs. ¶ 31,268 (2008), clarified, 124 FERC ¶ 61,055 (2008), order on reh’g, Order No. 697-B, FERC Stats. & Regs. ¶ 31,285 (2008), order on reh’g, Order No. 697-C, FERC Stats. & Regs. ¶ 31,291 (2009), order on reh’g, Order No. 697-D, FERC Stats. & Regs. ¶ 31,305 (2010). 2 Order No. 697 at P 186. 3 Order No. 697 at P 187. PG&E 2015 RAM PPA, March, 2015

Market-Based Rates for Wholesale Sales of Electric Energy, Capacity and Ancillary Services by Public Utilities. Order No. 697 at P 186-187, FERC Stats. & Regs. ¶ 31,252, clarified, 121 FERC ¶ 61,260 (2007), order on reh’g, Order No. 697-A, FERC Stats. & Regs. ¶ 31,268 (2008), clarified, 124 FERC ¶ 61,055 (2008), order on reh’g, Order No. 697-B, FERC Stats. & Regs. ¶ 31,285 (2008), order on reh’g, Order No. 697-C, FERC Stats. & Regs. ¶ 31,291 (2009), order on reh’g, Order No. 697-D, FERC Stats. & Regs. ¶ 31,305 (2010). 2 Order No. 697 at P 186. 3 Order No. 697 at P 187. {00177009.DOCX;1} PG&E 2015 RAM PPA, March, 2015 Effective June 25, 2015

Market-Based Rates for Wholesale Sales of Electric Energy, Capacity and Ancillary Services by Public Utilities. Order NoXx. 697 at P 186000 xx X 000-187000, FERC StatsXXXX Xxxxx. & Regs. ¶ 31,252, clarified, 121 FERC ¶ 61,260 (2007), order on reh’g, Order No. 697-A, FERC Stats. & Regs. ¶ 31,268 (2008), clarified, 124 FERC ¶ 61,055 (2008), order on reh’g, Order No. 697-B, FERC Stats. & Regs. ¶ 31,285 (2008), order on reh’g, Order No. 697-C, FERC Stats. & Regs. ¶ 31,291 (2009), order on reh’g, Order No. 697-D, FERC Stats. & Regs. ¶ 31,305 (2010). 2 Order No. 697 at P 186. 3 Order No. 697 at P 187. PG&E 2015 RAM PPA, March, 2015.

Market-Based Rates for Wholesale Sales of Electric Energy, Capacity and Ancillary Services by Public Utilities. Order NoXx. 697 at P 186000 xx X 000-187000, FERC StatsXXXX Xxxxx. & Regs. ¶ 31,252, clarified, 121 FERC ¶ 61,260 (2007), order on reh’g, Order No. 697-A, FERC Stats. & Regs. ¶ 31,268 (2008), clarified, 124 FERC ¶ 61,055 (2008), order on reh’g, Order No. 697-B, FERC Stats. & Regs. ¶ 31,285 (2008), order on reh’g, Order No. 697-C, FERC Stats. & Regs. ¶ 31,291 (2009), order on reh’g, Order No. 697-D, FERC Stats. & Regs. ¶ 31,305 (2010). 2 Order No. 697 at P 186. 3 Order No. 697 at P 187. {00177009.DOCX;1} PG&E 2015 RAM PPA, March, 2015 Effective June 25, 2015

Market-Based Rates for Wholesale Sales of Electric Energy, Capacity and Ancillary Services by Public Utilities. Order NoXx. 697 at P 186000 xx X 000-187000, FERC StatsXXXX Xxxxx. & Regs. ¶ 31,252, clarified, 121 FERC ¶ 61,260 (2007), order on reh’g, Order No. 697-A, FERC Stats. & Regs. ¶ 31,268 (2008), clarified, 124 FERC ¶ 61,055 (2008), order on reh’g, Order No. 697-B, FERC Stats. & Regs. ¶ 31,285 (2008), order on reh’g, Order No. 697-C, FERC Stats. & Regs. ¶ 31,291 (2009), order on reh’g, Order No. 697-D, FERC Stats. & Regs. ¶ 31,305 (2010). 2 Order No. 697 at P 186. 3 Order No. 697 at P 187. PG&E 2015 RAM PPA2016 PV RFO, MarchNovember, 20152016

Market-Based Rates for Wholesale Sales of Electric Energy, Capacity and Ancillary Services by Public Utilities. Order NoXx. 697 at P 186000 xx X 000-187000, FERC StatsXXXX Xxxxx. & Regs. ¶ 31,252, clarified, 121 FERC ¶ 61,260 (2007), order on reh’g, Order No. 697-A, FERC Stats. & Regs. ¶ 31,268 (2008), clarified, 124 FERC ¶ 61,055 (2008), order on reh’g, Order No. 697-B, FERC Stats. & Regs. ¶ 31,285 (2008), order on reh’g, Order No. 697-C, FERC Stats. & Regs. ¶ 31,291 (2009), order on reh’g, Order No. 697-D, FERC Stats. & Regs. ¶ 31,305 (2010). 2 Order No. 697 at P 186. 3 Order NoXx. 697 at P 187. PG&E 2015 RAM PPA, March, 2015000 xx X 000.