Common use of Market Price of Energy Clause in Contracts

Market Price of Energy. In respect of any Dispatch Hour, the designated Market Price of Energy shall be the North of Path 15 ("NP 15") hourly market-clearing price in the day-ahead market from the CALPX as published at the following Web Site (or its successor web site) xxxx://xxx.xxxxx.xxx/prices/index_prices_dayahead_trading.html. Should this hourly market in the day-ahead market not exist for the entire term, the Parties shall agree upon a similar market price index.

Market Price of Energy. In respect of any Dispatch Hour, ---------------------- the designated Market Price of Energy shall be the North of Path 15 ("NP 15") hourly market-clearing price in the day-ahead market from the CALPX as published at the following Web Site (or its successor web site) xxxx://xxx.xxxxx.xxx/prices/index_prices_dayahead_trading.htmlxxxx://xxx.xxxxx.xxx/prices/index_prices_dayahead_ --------------------------------------------------- trading.html. Should this hourly market in the day-ahead ------------ market not exist for the entire term, the Parties shall agree upon a similar market price index.

Market Price of Energy. In respect of any Dispatch ---------------------- Hour, the designated Market Price of Energy shall be the North of Path 15 ("NP 15") hourly market-clearing price in the day-ahead market from the CALPX as published at the following Web Site (or its successor web site) xxxx://xxx.xxxxx.xxx/prices/index_prices_dayahead_trading.htmlxxxx://xxx.xxxxx.xxx/prices/index_prices_dayahead_ -------------------------------------------------- trading.html. Should this hourly market in the day-day- ------------ ahead market not exist for the entire term, the Parties shall agree upon a similar market price index.

Market Price of Energy. In respect of any Dispatch Hour, ---------------------- the designated Market Price of Energy shall be the North South of Path 15 ("NP SP 15") hourly market-clearing price in the day-ahead market from the CALPX as published at the following Web Site (or its successor web site) xxxx://xxx.xxxxx.xxx/prices/index_prices_dayahead_trading.htmlxxxx://xxx.xxxxx.xxx/prices/index_prices_dayahead_ -------------------------------------------------- trading.html. Should this hourly market in the day-ahead ------------ market not exist for the entire term, the Parties shall agree upon a similar market price index.

Market Price of Energy. In respect of any Dispatch Hour, the ---------------------- designated Market Price of Energy shall be the North South of Path 15 ("NP SP 15") hourly market-clearing price in the day-ahead market from the CALPX as published at the following Web Site (or its successor web site) xxxx://xxx.xxxxx.xxx/prices/index_prices_dayahead_trading.html. --------------------------------------------------------------- Should this hourly market in the day-day- ahead market not exist for the entire term, the Parties shall agree upon a similar market price index.

Market Price of Energy. In respect of any Dispatch ---------------------- Hour, the designated Market Price of Energy shall be the North South of Path 15 ("NP SP 15") hourly market-clearing price in the day-ahead market from the CALPX as published at the following Web Site (or its successor web site) xxxx://xxx.xxxxx.xxx/prices/index_prices_dayahead_trading.htmlxxxx://xxx.xxxxx.xxx/prices/index_prices_dayahead_ -------------------------------------------------- trading.html. Should this hourly market in the day-day- ------------ ahead market not exist for the entire term, the Parties shall agree upon a similar market price index.