Common use of Product Payment Calculations After Commercial Operation Date Clause in Contracts

Product Payment Calculations After Commercial Operation Date. For the purpose of calculating monthly payments and issuing xxxx credits to Customers for Product delivered to SCE as of the Commercial Operation Date in accordance with the terms of this Agreement (“Product Payments”), Qualified Amounts will be time- differentiated according to the XXX Periods set forth in Exhibit I, the pricing will be weighted by the Product Payment Allocation Factors set forth in Exhibit I, and: (i) if the quotient of the billing month’s average Subscribed Capacity divided by the Contract Capacity is greater than the minimum Subscription level required for the corresponding billing month as specified in the table below (“Minimum Subscription Requirement”), then: (a) payment for Subscribed Delivered Energy shall be calculated pursuant to the GTSR- CR Decisions and shall be applied as a xxxx credit to Customers, and (b) payment for Unsubscribed Delivered Energy shall be calculated using the Subscribed Product Price, and shall be paid to Seller, net any amounts owed; and (ii) if the quotient of the billing month’s average Subscribed Capacity divided by the Contract Capacity is less than the applicable Minimum Subscription Requirement, then: (a) payment for Subscribed Delivered Energy shall be calculated pursuant to the GTSR-CR Decisions and shall be applied as a xxxx credit to Customers, and (b) payment for Unsubscribed Delivered Energy shall be paid to Seller and shall be calculated using the lesser of the Unsubscribed Product Price and Subscribed Product Price, and shall be paid to Seller, net any amounts owed. First Term Year 45% Second Term Year 70% Third Term Year 90% Fourth Term Year through the remainder of the Delivery Term 95% Monthly Product Payments will equal the sum of (i) the sum of the monthly payments for all XXX Periods in the month and (ii) the Curtailed Product Payment. Each monthly payment will be calculated pursuant to the following formulas, where “n” is the XXX Period being calculated: SELLER’S PAYMENTn (if Minimum Subscription Requirement is met) = A x C x (D – E – F) x [(I – H)/I] + G SELLER’S PAYMENTn (if Minimum Subscription Requirement is not met) = B x (D – E – F) x [(I – H)/I] + G Where: A = Subscribed Product Price, in $/kWh (i.e., $/MWh/1000). B = The Unsubscribed Product Price in $/kWh (i.e., $/MWh/1000). C = Product Payment Allocation Factor for the XXX Period “n” being calculated. D = The sum of Qualified Amounts in all hours for the XXX Period “n” being calculated in kWh. E = Any electric energy produced by the Generating Facility for which SCE is not obligated to pay Seller as set forth in Section 4.01(e), in kWh. F = Any electric energy produced by the Generating Facility as set forth in Section 1.05(c)(ii), in kWh. G = The sum of all CAISO Revenues less the sum of all CAISO Costs and CAISO Sanctions, with respect to electric energy produced in all hours for the XXX Period “n” by the Generating Facility as set forth in Section 1.05(c)(ii).

Product Payment Calculations After Commercial Operation Date. For the purpose of calculating monthly payments and issuing xxxx credits to Customers for Product delivered to SCE as of the Commercial Operation Date in accordance with the terms of this Agreement (“Product Payments”), Qualified Amounts will be time- differentiated according to the XXX Periods set forth in Exhibit I, the pricing will be weighted by the Product Payment Allocation Factors set forth in Exhibit I, and: (i) if the quotient of the billing month’s average Subscribed Capacity divided by the Contract Capacity is greater than the minimum Subscription level required for the corresponding billing month as specified in the table below (“Minimum Subscription Requirement”), then: (a) payment for Subscribed Delivered Energy shall be calculated pursuant to the GTSR- CR Decisions and shall be applied as a xxxx credit to Customers, and (b) payment for Unsubscribed Delivered Energy shall be calculated using the Subscribed Product Price, and shall be paid to Seller, net any amounts owed; and (ii) if the quotient of the billing month’s average Subscribed Capacity divided by the Contract Capacity is less than the applicable Minimum Subscription Requirement, then: (a) payment for Subscribed Delivered Energy shall be calculated pursuant to the GTSR-CR Decisions and shall be applied as a xxxx credit to Customers, and (b) payment for Unsubscribed Delivered Energy shall be paid to Seller and shall be calculated using the lesser of the Unsubscribed Product Price and Subscribed Product Price, and shall be paid to Seller, net any amounts owed. Years of Operation Minimum subscription level for purposes of calculating the Minimum Subscription Requirement First Term Year 45% Second Term Year 70% Third Term Year 90% Fourth Term Year through the remainder of the Delivery Term 95% Monthly Product Payments will equal the sum of (i) the sum of the monthly payments for all XXX Periods in the month and (ii) the Curtailed Product Payment. Each monthly payment will be calculated pursuant to the following formulas, where “n” is the XXX Period being calculated: SELLER’S PAYMENTn (if Minimum Subscription Requirement is met) = A x C x (D – E – F) x [(I – H)/I] + G SELLER’S PAYMENTn (if Minimum Subscription Requirement is not met) = B x (D – E – F) x [(I – H)/I] + G Where: A = Subscribed Product Price, in $/kWh (i.e., $/MWh/1000). B = The Unsubscribed Product Price Price, in $/kWh (i.e., $/MWh/1000). C = Product Payment Allocation Factor for the XXX Period “n” being calculated. D = The sum of Qualified Amounts in all hours for the XXX Period “n” being calculated in kWh. E = Any electric energy produced by the Generating Facility for which SCE is not obligated to pay Seller as set forth in Section 4.01(e), in kWh. F = Any electric energy produced by the Generating Facility as set forth in Section 1.05(c)(ii), in kWh. G = The sum of all CAISO Revenues less the sum of all CAISO Costs and CAISO Sanctions, with respect to electric energy produced in all hours for the XXX Period “n” by the Generating Facility as set forth in Section 1.05(c)(ii).