Common use of Net Metering Clause in Contracts

Net Metering. On and subject to the terms and conditions set forth in this paragraph and in the Program Agreement and upon AEP Energy’s notification from the EDU of a Net Metering Customer, AEP Energy will offer net metering billing arrangements to customers that (A) have installed (at such customer’s expense) adequate metering equipment (which may include metering that tracks electricity as it flows in each direction through the meter) that enables tracking of electricity flowing to and from the local electric grid/EDU’s distribution system and the generation facility(ies) (e.g., solar panels) with an EDU metering point for the Customer account on such premises in an area that is owned, operated, or leased by such Net Metering Customer or on a contiguous lot thereto (each facility and premises, subject to any safety or other conditions as may be determined by the EDU) and (B) are otherwise eligible and satisfying (1) any and all applicable (x) EDU interconnection agreement, eligibility, and/or prescribed requirements (including the execution and ongoing continuation of a validly in-effect interconnection agreement with the EDU), (y) EDU review process(es) and review requirements of EDU rules/tariffs and of the PUCO, and (z) other laws, rules, regulations, guidelines, and standards; and (2) all other requirements and representations set forth in the Program Agreement, including that the customer’s billing method must allow for EDU-consolidated bill-ready billing (each, a “Net Metering Customer”). A net metering program in the applicable EDU load zone or equivalent market delivery point (including availability of the relevant metering information and calculations as provided by the EDU) must be available. AEP Energy will only enroll and continue the enrollment of any Net Metering Customer in a net metering billing arrangement that meets all eligibility requirements (including all requirements set forth in this paragraph and in the Program Agreement and as set forth in all relevant EDU rules and tariffs and all applicable laws, rules, and regulations) at the time of such Net Metering Customer’s enrollment and remaining true throughout the Term. A Net Metering Customer must fulfill all AEP Energy contractual and eligibility requirements, as determined by AEP Energy in its sole discretion, including that such Net Metering Customer must unconditionally agree in its net metering contract with AEP Energy to be removed from the EDU’s net metering tariff and to not be credited by the EDU for excess generation. A Net Metering Customer’s onsite generation must be: (i) fueled by solar, wind, biomass, landfill gas, or hydropower, or use a microturbine or a fuel cell; (ii) located on Net Metering Customer’s premises (as described above in this paragraph); and (iii) operated in parallel with the EDU’s transmission and distribution facilities. If the monthly usage data that the EDU reports to AEP Energy with respect to a Net Metering Customer’s account is summary data (i.e., either a single usage value combining consumption and production or a single usage value for each of consumption and production), then monthly net usage consumption during such monthly Billing Cycle presented as a: positive value (i.e., such Net Metering Customer’s electricity consumption exceeds on- site generation/production of electricity, any such positive value being “Excess Consumption”) will result in such Excess Consumption being charged to the Net Metering Customer at the applicable price stated in the table above under “Generation Service Charges” or, with respect to the relevant period at and/or after the June 2022 meter read date, the price the Governmental Aggregator publishes or otherwise makes available (via its website notification); and negative value (i.e., such Net Metering Customer’s on-site generation/production of electricity exceeds electricity consumption, any such negative value being “Excess Generation”) will result in such Excess Generation being credited to such Net Metering Customer’s account in an amount equal to, within such monthly Billing Cycle, (A) the amount of such Excess Generation expressed in kWhs multiplied by (B) the applicable price stated in the table above under “Generation Service Charges” or, with respect to the relevant period at and/or after the June 2022 meter read date, the price the Governmental Aggregator publishes or otherwise makes available (via its website notification) (such resulting credit amount, the “Excess Generation Credit”). If the monthly usage data that the EDU reports to AEP Energy with respect to a Net Metering Customer’s account is interval data (i.e., single hourly usage values combining consumption and production), then monthly net usage consumption during such monthly Billing Cycle presented as a: positive value (i.e., such Net Metering Customer’s electricity consumption exceeds on-site generation/production of electricity, any such positive value being “Excess Consumption”) will result in such Excess Consumption being charged to the Net Metering Customer at the applicable price stated in the table above under “Generation Service Charges” or, with respect to the relevant period at and/or after the June 2022 meter read date, the price the Governmental Aggregator publishes or otherwise makes available (via its website notification); and negative value (i.e., such Net Metering Customer’s on-site generation/production of electricity exceeds electricity consumption, any such negative value being “Excess Generation”) will result in such Excess Generation being credited to such Net Metering Customer’s account in an amount equal to, within such monthly Billing Cycle, the sum of the products of

Net Metering. On and subject to the terms and conditions set forth in this paragraph and in the Program Agreement and upon AEP Energy’s notification from the EDU of a Net Metering Customer, AEP Energy will offer net metering billing arrangements to customers that (A) have installed (at such customer’s expense) adequate metering equipment (which may include metering that tracks electricity as it flows in each direction through the meter) that enables tracking of electricity flowing to and from the local electric grid/EDU’s distribution system and the generation facility(ies) (e.g., solar panels) with an EDU metering point for the Customer account on such premises in an area that is owned, operated, or leased by such Net Metering Customer or on a contiguous lot thereto (each facility and premises, subject to any safety or other conditions as may be determined by the EDU) and (B) are otherwise eligible and satisfying (1) any and all applicable (x) EDU interconnection agreement, eligibility, and/or prescribed requirements (including the execution and ongoing continuation of a validly in-effect interconnection agreement with the EDU), (y) EDU review process(es) and review requirements of EDU rules/tariffs and of the PUCO, and (z) other laws, rules, regulations, guidelines, and standards; and (2) all other requirements and representations set forth in the Program Agreement, including that the customer’s billing method must allow for EDU-consolidated bill-ready billing (each, a “Net Metering Customer”). A net metering program in the applicable EDU load zone or equivalent market delivery point (including availability of the relevant metering information and calculations as provided by the EDU) must be available. AEP Energy will only enroll and continue the enrollment of any Net Metering Customer in a net metering billing arrangement that meets all eligibility requirements (including all requirements set forth in this paragraph and in the Program Agreement and as set forth in all relevant EDU rules and tariffs and all applicable laws, rules, and regulations) at the time of such Net Metering Customer’s enrollment and remaining true throughout the Term. A Net Metering Customer must fulfill all AEP Energy contractual and eligibility requirements, as determined by AEP Energy in its sole discretion, including that such Net Metering Customer must unconditionally agree in its net metering contract with AEP Energy to be removed from the EDU’s net metering tariff and to not be credited by the EDU for excess generation. A Net Metering Customer’s onsite generation must be: (i) fueled by solar, wind, biomass, landfill gas, or hydropower, or use a microturbine or a fuel cell; (ii) located on Net Metering Customer’s premises (as described above in this paragraph); and (iii) operated in parallel with the EDU’s transmission and distribution facilities. If the monthly usage data that the EDU reports to AEP Energy with respect to a Net Metering Customer’s account is summary data (i.e., either a single usage value combining consumption and production or a single usage value for each of consumption and production), then monthly net usage consumption during such monthly Billing Cycle presented as a: positive value (i.e., such Net Metering Customer’s electricity consumption exceeds on- site generation/production of electricity, any such positive value being “Excess Consumption”) will result in such Excess Consumption being charged to the Net Metering Customer at the applicable price stated in the table above under “Generation Service Charges” or, with respect to the relevant period at and/or after the June 2022 meter read date, the price the Governmental Aggregator publishes or otherwise makes available (via its website notification)”; and negative value (i.e., such Net Metering Customer’s on-site generation/production of electricity exceeds electricity consumption, any such negative value being “Excess Generation”) will result in such Excess Generation being credited to such Net Metering Customer’s account in an amount equal to, within such monthly Billing Cycle, (A) the amount of such Excess Generation expressed in kWhs multiplied by (B) the applicable price stated in the table above under “Generation Service Charges” or, with respect to the relevant period at and/or after the June 2022 meter read date, the price the Governmental Aggregator publishes or otherwise makes available (via its website notification) (such resulting credit amount, the “Excess Generation Credit”). If the monthly usage data that the EDU reports to AEP Energy with respect to a Net Metering Customer’s account is interval data (i.e., single hourly usage values combining consumption and production), then monthly net usage consumption during such monthly Billing Cycle presented as a: positive value (i.e., such Net Metering Customer’s electricity consumption exceeds on-site generation/production of electricity, any such positive value being “Excess Consumption”) will result in such Excess Consumption being charged to the Net Metering Customer at the applicable price stated in the table above under “Generation Service Charges” or, with respect to the relevant period at and/or after the June 2022 meter read date, the price the Governmental Aggregator publishes or otherwise makes available (via its website notification)”; and negative value (i.e., such Net Metering Customer’s on-site generation/production of electricity exceeds electricity consumption, any such negative value being “Excess Generation”) will result in such Excess Generation being credited to such Net Metering Customer’s account in an amount equal to, within such monthly Billing Cycle, the sum of the products ofof (A) the amount of such hourly Excess Generation expressed in kWhs multiplied by (B) the applicable price stated in the table above under “Generation Service Charges” (such resulting credit amount, the “Excess Generation Credit”). For each month of the Term, AEP Energy shall make a true-up calculation that reflects the Net Metering Customer’s Excess Generation Credit(s) applied and offset against Generation service charges for the applicable billing period (each, a “True-Up”). The calculation of the True-Up will credit any previously unused Excess Generation Credit(s) applicable to the prior billing period(s). To the extent that such Excess Generation Credit(s) exceed the Generation service charges due, such excess shall be carried forward and credited against future Generation service charges until fully discharged. At the end of the Term, if such Net Metering Customer has any unused Excess Generation Credit(s) that have not been offset against charged Generation service charges, such unused Excess Generation Credit(s) will be distributed to such Net Metering Customer in the form of a check or gift card, subject to (i) applicable law and any tax reporting requirements and (ii) AEP Energy’s satisfactory receipt of the documentation requested from such Net Metering Customer (i.e., the U.S. Internal Revenue Service Form W-9). For the avoidance of doubt, (x) Net Metering Customers will not be credited or reimbursed for any avoided Distribution Service, Transmission Service, or other Non-bypassable utility charges and fees, demand-related or capacity-related charges, or line losses, ancillary services, renewable portfolio standards (RPS), or taxes; (y) renewable energy credits (RECs) associated with a Net Metering Customer’s onsite generation remain the property of such Net Metering Customer; and (z) AEP Energy shall perform all calculations under this paragraph using commercially reasonable methodologies. In the event that the EDU’s, PJM’s, and/or the PUCO’s net metering tariff, rules, or regulations are terminated or changed in any manner prior to the end of the Term, AEP Energy (at its option, in its sole discretion, and upon written notice to relevant Net Metering Customers) may either (1) discontinue existing net metering arrangements, without penalty to either AEP Energy or the Net Metering Customers, or (2) amend existing net metering arrangements to the extent necessary to make them valid while still giving effect to the intent of the parties to the Program Agreement.

Net Metering. On and subject to the terms and conditions set forth in this paragraph and in the Program Agreement and upon AEP Energy’s notification from the EDU of a Net Metering Customer, AEP Energy will offer net metering billing arrangements to customers that (A) have installed (at such customer’s expense) adequate metering equipment (which may include metering that tracks electricity as it flows in each direction through the meter) that enables tracking of electricity flowing to and from the local electric grid/EDU’s distribution system and the generation facility(ies) (e.g., solar panels) with an EDU metering point for the Customer account on such premises in an area that is owned, operated, or leased by such Net Metering Customer or on a contiguous lot thereto (each facility and premises, subject to any safety or other conditions as may be determined by the EDU) and (B) are otherwise eligible and satisfying (1) any and all applicable (x) EDU interconnection agreement, eligibility, and/or prescribed requirements (including the execution and ongoing continuation of a validly in-effect interconnection agreement with the EDU), (y) EDU review process(es) and review requirements of EDU rules/tariffs and of the PUCO, and (z) other laws, rules, regulations, guidelines, and standards; and (2) all other requirements and representations set forth in the Program Agreement, including that the customer’s billing method must allow for EDU-consolidated bill-ready billing (each, a “Net Metering Customer”). A net metering program in the applicable EDU load zone or equivalent market delivery point (including availability of the relevant metering information and calculations as provided by the EDU) must be available. AEP Energy will only enroll and continue the enrollment of any Net Metering Customer in a net metering billing arrangement that meets all eligibility requirements (including all requirements set forth in this paragraph and in the Program Agreement and as set forth in all relevant EDU rules and tariffs and all applicable laws, rules, and regulations) at the time of such Net Metering Customer’s enrollment and remaining true throughout the Term. A Net Metering Customer must fulfill all AEP Energy contractual and eligibility requirements, as determined by AEP Energy in its sole discretion, including that such Net Metering Customer must unconditionally agree in its net metering contract with AEP Energy to be removed from the EDU’s net metering tariff and to not be credited by the EDU for excess generation. A Net Metering Customer’s onsite generation must be: (i) fueled by solar, wind, biomass, landfill gas, or hydropower, or use a microturbine or a fuel cell; (ii) located on Net Metering Customer’s premises (as described above in this paragraph); and (iii) operated in parallel with the EDU’s transmission and distribution facilities. If the monthly usage data that the EDU reports to AEP Energy with respect to a Net Metering Customer’s account is summary data (i.e., either a single usage value combining consumption and production or a single usage value for each of consumption and production), then monthly net usage consumption during such monthly Billing Cycle presented as a: positive value (i.e., such Net Metering Customer’s electricity consumption exceeds on- site generation/production of electricity, any such positive value being “Excess Consumption”) will result in such Excess Consumption being charged to the Net Metering Customer at the applicable price stated in the table above under “Generation Service Charges” or, with respect to the relevant period at and/or after the June 2022 2025 meter read date, the price the Governmental Aggregator publishes or otherwise makes available (via its website notification); and negative value (i.e., such Net Metering Customer’s on-site generation/production of electricity exceeds electricity consumption, any such negative value being “Excess Generation”) will result in such Excess Generation being credited to such Net Metering Customer’s account in an amount equal to, within such monthly Billing Cycle, (A) the amount of such Excess Generation expressed in kWhs multiplied by (B) the applicable price stated in the table above under “Generation Service Charges” or, with respect to the relevant period at and/or after the June 2022 2025 meter read date, the price the Governmental Aggregator publishes or otherwise makes available (via its website notification) (such resulting credit amount, the “Excess Generation Credit”). If the monthly usage data that the EDU reports to AEP Energy with respect to a Net Metering Customer’s account is interval data (i.e., single hourly usage values combining consumption and production), then monthly net usage consumption during such monthly Billing Cycle presented as a: positive value (i.e., such Net Metering Customer’s electricity consumption exceeds on-site generation/production of electricity, any such positive value being “Excess Consumption”) will result in such Excess Consumption being charged to the Net Metering Customer at the applicable price stated in the table above under “Generation Service Charges” or, with respect to the relevant period at and/or after the June 2022 2025 meter read date, the price the Governmental Aggregator publishes or otherwise makes available (via its website notification); and negative value (i.e., such Net Metering Customer’s on-site generation/production of electricity exceeds electricity consumption, any such negative value being “Excess Generation”) will result in such Excess Generation being credited to such Net Metering Customer’s account in an amount equal to, within such monthly Billing Cycle, the sum of the products of