Common use of Market Price Reference Clause in Contracts

Market Price Reference. (“MPR”) The actual price under the PPA is confidential, market sensitive information. However, the PPA price is below the 25-year 2009 MPR for projects with a 2012 commercial online dated adopted in Resolution E-4298 on December 17, 2009. Total cost information is discussed in Confidential Appendix D. As discussed above in the LCBF section, the overall reasonableness of the PPA was examined using the same comparison tools as with RPS transactions resulting from the 2009 RPS Solicitation. PG&E compared the price and net market value of the Project to offers resulting from the 2009 RPS Solicitation, recently executed contracts, and other bilateral offers currently being made to PG&E as detailed in Confidential Appendices A and D. As discussed in the section entitled “Independent Evaluator” below, PG&E employed Xxxxx Xxxxxxxxx from Xxxxxx Seco Consulting to be the Independent Evaluator (“IE”) of this Project. The IE stated in the IE report (attached in public Appendix H) that, as the contract will provide high net valuation, a low contract price, moderate portfolio fit, and high project viability, the PPA merits CPUC approval.

Market Price Reference. (“MPR”) The actual price under the PPA is confidential, market market-sensitive information. However, the PPA price is below the 25-year 2009 MPR for projects with a 2012 201310 commercial online dated adopted in Resolution E-4298 on December 17, 2009. Total cost information is discussed in Confidential Appendix D. As discussed above in the LCBF section, the overall reasonableness of the PPA was examined using the same comparison tools as with RPS transactions resulting from the 2009 RPS Solicitation. PG&E compared the price and net market value of the Project to offers resulting from the 2009 RPS Solicitation, recently executed contracts, and other bilateral offers currently being made to PG&E as detailed in Confidential Appendices A and D. D.11 As discussed in the section entitled “Independent Evaluator” below, PG&E employed Xxxxx Xxxxxxxxx from Xxxxxx Seco Consulting to be the Independent Evaluator (“IE”) of this Project. The IE stated in recommends Commission approval of the IE report (attached in public Appendix H) that, as PPA because the contract PPA will provide high net valuation, a low highly competitive contract price, moderate portfolio fit, and high project viability, the PPA merits CPUC approval.

Market Price Reference. (“MPR”) The actual price under the PPA is confidential, market market-sensitive information. However, the PPA price is below the 25-year 2009 MPR for projects with a 2012 201310 commercial online dated date adopted in Resolution E-4298 on December 17, 2009. Total cost information is discussed in Confidential Appendix D. As discussed above in the LCBF section, the overall reasonableness of the PPA was examined using the same comparison tools as with RPS transactions resulting from the 2009 RPS Solicitation. PG&E compared the price and net market value of the Project to offers resulting from the 2009 RPS Solicitation, recently executed contracts, and other bilateral offers currently being made to PG&E as detailed in Confidential Appendices A and D. D.11 As discussed in the section entitled “Independent Evaluator” below, PG&E employed Xxxxx Xxxxxxxxx from Xxxxxx Seco Consulting to be the Independent Evaluator (“IE”) of this Project. The IE As stated in the IE report (attached in public Appendix H) that), the IE found that the PPA merits CPUC approval as the contract will provide high net valuation, a low contract price, moderate portfolio fit, and high project viability, the PPA merits CPUC approval.

Market Price Reference. (“MPR”) The actual price under the PPA is confidential, market market-sensitive information. However, the PPA price is below the 25-year 2009 MPR for projects with a 2012 201310 commercial online dated date adopted in Resolution E-4298 on December 17, 2009. Total cost information is discussed in Confidential Appendix D. As discussed above in the LCBF section, the overall reasonableness of the PPA was examined using the same comparison tools as with RPS transactions resulting from the 2009 RPS Solicitation. PG&E compared the price and net market value of the Project to offers resulting from the 2009 RPS Solicitation, recently executed contracts, and other bilateral offers currently being made to PG&E as detailed in Confidential Appendices A and D. D.11 As discussed in the section entitled “Independent Evaluator” below, PG&E employed Xxxxx Xxxxxxxxx from Xxxxxx Seco Consulting to be the Independent Evaluator (“IE”) of this Project. The IE As stated in the IE report (attached in public Appendix H) that), the IE found that the PPA merits CPUC approval as the contract will provide high net valuation, a low contract price, moderate portfolio fit, and high project viability, the PPA merits CPUC approval.