Common use of Market Performance Clause in Contracts

Market Performance. Volume. The 2015 to 2018 Long Term FTR Auction cleared 277,865 MW (8.9 percent) of demand) of FTR buy bids, compared to 197,125 MW (6.4 percent) in the 2014 to 2018 Long Term FTR Auction. The Long Term FTR Auction also cleared 34,629 MW (14.4 percent) of FTR sell offers, up from 21,501 MW (6.8 percent) in the 2014 to 2017 Long Term FTR Auction. In the Annual FTR Auction for the 2014 to 2015 planning period 365,843 MW (10.4 percent) of buy and self-schedule bids cleared, down from 420,489 MW (12.8 percent). For the first seven months of the 2014 to 2015 planning period Monthly Balance of Planning Period FTR Auctions 1,557,350 MW (8.7 percent) of FTR buy bids and 525,036 MW (21.7 percent) of FTR sell offers cleared.

Market Performance. Volume. The 2015 2013 to 2018 2016 Long Term FTR Auction cleared 277,865 290,700 MW (8.9 percent) 10.5 percent of demand) of FTR buy bids, compared to 197,125 259,885 MW (6.4 10.8 percent) in the 2014 2012 to 2018 2015 Long Term FTR Auction. The 2013 to 2016 Long Term FTR Auction also cleared 34,629 56,692 MW (14.4 26.8 percent) of FTR sell offers, up from 21,501 31,288 MW (6.8 12.5 percent) in the 2014 2012 to 2017 2015 Long Term FTR Auction. In For the 2012 to 2013 planning period, the Annual FTR Auction for the 2014 to 2015 planning period 365,843 cleared 371,295 MW (10.4 percent) of buy and self-schedule bids cleared, down from 420,489 MW (12.8 percent). For the first seven months of the 2014 to 2015 planning period Monthly Balance of Planning Period FTR Auctions 1,557,350 MW (8.7 14.5 percent) of FTR buy bids and 525,036 bids, compared to 387,743 MW (21.7 11.9 percent) for the 2011 to 2012 planning period. The 2012 to 2013 Annual FTR Auction also cleared 35,275 MW (9.9 percent) of FTR sell offers cleared.for the 2012 to 2013 planning period, up from 24,960 MW

Market Performance. Volume. The 2015 2016 to 2018 2019 Long Term FTR Auction cleared 277,397 MW (11.3 percent) of demand of FTR buy bids, down 0.2 percent from 277,865 MW (8.9 percent) of demand) of FTR buy bids, compared to 197,125 MW (6.4 percent) in the 2014 2015 to 2018 Long Term FTR Auction. The Long Term FTR Auction also cleared 34,629 61,210 MW (14.4 18.7 percent) of FTR sell offers, up from 21,501 MW compared to 34,629 (6.8 14.4 percent) in the 2014 to 2017 Long Term FTR Auction), a 76.8 percent increase. In the Annual FTR Auction for the 2014 2015 to 2015 2016 planning period 365,843 378,328 MW (10.4 15.4 percent) of buy and self-schedule bids cleared, down up 3.4 percent from 420,489 365,843 MW (12.8 10.4 percent)) for the previous planning period. For In the first seven months of the 2014 2015 to 2015 2016 planning period Monthly Balance of Planning Period FTR Auctions 1,557,350 1,466,985 MW (8.7 9.3 percent) of FTR buy bids and 525,036 803,463 MW (21.7 23.0 percent) of FTR sell offers cleared.

Market Performance. Volume. The 2015 2014 to 2018 2017 Long Term FTR Auction cleared 277,865 197,125 MW (8.9 percent) 6.4 percent of demand) of FTR buy bids, compared to 197,125 290,700 MW (6.4 10.5 percent) in the 2014 2013 to 2018 2015 Long Term FTR Auction. This is at least partially due to the newly implemented rule limiting Long Term FTR Auction capacity to 50 percent. The Long Term FTR Auction also cleared 34,629 21,501 MW (14.4 6.8 percent) of FTR sell offers, up down from 21,501 56,692 MW (6.8 26.8 percent) in the 2013 to 2014 to 2017 Long Term FTR Auction. In the Annual FTR Auction for the 2013 to 2014 to 2015 planning period 365,843 420,489 MW (10.4 12.8 percent) of buy and self-schedule bids cleared, down from 420,489 MW (12.8 percent). For the first seven months of the 2013 to 2014 to 2015 planning period period, the Monthly Balance of Planning Period FTR Auctions 1,557,350 cleared 2,283,411 MW (8.7 13.8 percent) of FTR buy bids and 525,036 742,731 MW (21.7 19.2 percent) of FTR sell offers clearedoffers.

Market Performance. Volume. The 2015 to 2018 2018/2021 Long Term FTR Auction cleared 277,865 345,506 MW (8.9 16.8 percent) of demand) of FTR buy bids, compared to 197,125 up 16.3 percent from 297,083 MW (6.4 13.6 percent) in the 2014 to 2018 2017/2020 Long Term FTR Auction. The Long Term FTR Auction also cleared 34,629 42,555 MW (14.4 17.8 percent) of FTR sell offers, up from 21,501 MW compared to 36,782 (6.8 17.6 percent) in the 2014 to 2017 Long Term FTR Auction), a 16.7 percent increase. In the Annual FTR Auction for the 2014 to 2015 2018/2019 planning period 365,843 615,254 MW (10.4 21.2 percent) of buy and self-self schedule bids cleared, down up 19.9 percent from 420,489 615,254 MW (12.8 22.3 percent)) for the previous planning period. For In the first seven months of the 2014 to 2015 2018/2019 planning period Monthly Balance of Planning Period FTR Auctions 1,557,350 cleared 2,039,265 MW (8.7 14.5 percent) of FTR buy bids and 525,036 1,181,126 MW (21.7 20.7 percent) of FTR sell offers clearedoffers.

Market Performance. Volume. The 2015 2017 to 2018 2020 Long Term FTR Auction cleared 277,865 297,083 MW (8.9 13.6 percent) of demand) demand of FTR buy bids, compared to 197,125 up 7.1 percent from 277,397 MW (6.4 11.3 percent) in the 2014 2016 to 2018 2019 Long Term FTR Auction. The Long Term FTR Auction also cleared 34,629 36,782 MW (14.4 17.6 percent) of FTR sell offers, up from 21,501 MW compared to 61,210 (6.8 18.7 percent) in the 2014 to 2017 Long Term FTR Auction), a 40.0 percent decrease. In the Annual FTR Auction for the 2014 2016 to 2015 2017 planning period 365,843 420,198 MW (10.4 16.2 percent) of buy and self-schedule bids cleared, down up 11.1 percent from 420,489 378,328 MW (12.8 15.4 percent)) for the previous planning period. For In the first seven months of the 2014 2016 to 2015 2017 planning period Monthly Balance of Planning Period FTR Auctions 1,557,350 1,642,735 MW (8.7 11.0 percent) of FTR buy bids and 525,036 707,646 MW (21.7 22.3 percent) of FTR sell offers cleared.

Market Performance. Volume. The 2015 to 2018 2017/2020 Long Term FTR Auction cleared 277,865 297,083 MW (8.9 13.6 percent) of demand) of FTR buy bids, compared to 197,125 up 7.1 percent from 277,397 MW (6.4 11.3 percent) in the 2014 to 2018 2016/2019 Long Term FTR Auction. The Long Term FTR Auction also cleared 34,629 36,782 MW (14.4 17.6 percent) of FTR sell offers, up from 21,501 MW compared to 61,210 (6.8 18.7 percent) in the 2014 to 2017 Long Term FTR Auction), a 40.0 percent decrease. In the Annual FTR Auction for the 2014 to 2015 2017/2018 planning period 365,843 513,263 MW (10.4 22.3 percent) of buy and self-self schedule bids cleared, down up 22.1 percent from 420,489 420,198 MW (12.8 16.2 percent)) for the previous planning period. For In the first seven months of the 2014 to 2015 2017/2018 planning period Monthly Balance of Planning Period FTR Auctions 1,557,350 cleared 1,933,854 MW (8.7 14.2 percent) of FTR buy bids and 525,036 791,546 MW (21.7 24.5 percent) of FTR sell offers clearedoffers.