Common use of Product Price Clause in Contracts

Product Price. (a) During the first Term Year, the Product Price shall be equal to the total price of $87.40 per MWh (net of any CAISO Charges and any subsequent CAISO True-Ups) received from the Project at the Delivery Point; provided, the Buyer receives all of the following from the Product: the Green Attributes described below and the remaining elements of the Product. For the avoidance of doubt, the remaining elements of the Product include but are not limited to all electric energy produced by the Generating Facility throughout the Delivery Term, net of Station Use; all Capacity Attributes, if applicable; and all Resource Adequacy Benefits, if applicable; generated by, associated with or attributable to the Generating Facility throughout the Delivery Term. (b) The Product Price (described above) during the first Term Year is equal to the sum of the price for Green Attributes and remaining elements of the Product (net of any CAISO Charges and any subsequent CAISO True- Ups). For the Green Attributes portion of the Product Price, the price for Green Attributes is $40 for each MWh of CEC RPS Eligible Bucket One (1) energy (as defined by Section 399.16(b)(1) of the California Public Utilities Code, and as evidenced by the transfer of WREGIS Certificates to Buyer). For the remaining elements of the Product, the price is $47.40 per MWh, or $87.40 per MWh minus $40.00 per MWh, up to a maximum of 20 MWh in any hour. The prices for Green Attributes and remaining elements of the Product will increase annually by two and one-half percent (2.5%) effective on each anniversary of the Term from the commencement of the second Term Year through the commencement of the tenth Term Year. Thereafter, the prices for Green Attributes and remaining elements of the Product will increase annually by one and one- half percent (1.5%) effective on each anniversary of the Term from the commencement of eleventh Term Year through the commencement of the fifteenth Term Year. The prices for Green Attributes and remaining elements of the Product shall not increase for any Term Year commencing from the sixteenth Term Year. (c) To prevent and or minimize unscheduled Product being injected into the CAISO grid, Buyer shall purchase Test Energy (net of any CAISO Charges and any subsequent CAISO True-Ups) for prior period(s) from the Generation Facility at a price equal to 80% of Day Ahead Price (as published by the CAISO) at the Generator PNode (as assigned by the CAISO) plus $40 for each MWh of CEC RPS Eligible Bucket One (1) energy (as defined by Section 399.16(b)(1) of the California Public Utilities Code, and as evidenced by the transfer of WREGIS Certificates to Buyer). For the remaining elements of the Product in Test Energy, the price is the difference of the total price as calculated in this Section 1.07(c) minus $40.00 per MWh, up to a maximum of 20 MWh in any hour. All Test Energy shall be scheduled in accordance with the CAISO Tariff.

Product Price. (a) During the first Term Year, the Product Price shall be equal to the total price of $87.40 per MWh (net of any CAISO Charges and any subsequent CAISO True-Ups) received from the Project at the Delivery Point; provided, the Buyer receives all of the following from the Product: the Green Attributes described below and the remaining elements of the Product. For the avoidance of doubt, the remaining Table of Contents elements of the Product include but are not limited to all electric energy produced by the Generating Facility throughout the Delivery Term, net of Station Use; all Capacity Attributes, if applicable; and all Resource Adequacy Benefits, if applicable; generated by, associated with or attributable to the Generating Facility throughout the Delivery Term. (b) The Product Price (described above) during the first Term Year is equal to the sum of the price for Green Attributes and remaining elements of the Product (net of any CAISO Charges and any subsequent CAISO True- True-Ups). For the Green Attributes portion of the Product Price, the price for Green Attributes is $40 for each MWh of CEC RPS Eligible Bucket One (1) energy (as defined by Section 399.16(b)(1) of the California Public Utilities Code, and as evidenced by the transfer of WREGIS Certificates to Buyer). For the remaining elements of the Product, the price is $47.40 per MWh, or $87.40 per MWh minus $40.00 per MWh, up to a maximum of 20 MWh in any hour. The prices for Green Attributes and remaining elements of the Product will increase annually by two and one-half percent (2.5%) effective on each anniversary of the Term from the commencement of the second Term Year through the commencement of the tenth Term Year. Thereafter, the prices for Green Attributes and remaining elements of the Product will increase annually by one and one- one-half percent (1.5%) effective on each anniversary of the Term from the commencement of eleventh Term Year through the commencement of the fifteenth Term Year. The prices for Green Attributes and remaining elements of the Product shall not increase for any Term Year commencing from the sixteenth Term Year. (c) To prevent and or minimize unscheduled Product being injected into the CAISO grid, Buyer shall purchase Test Energy (net of any CAISO Charges and any subsequent CAISO True-Ups) for prior period(s) from the Generation Facility at a price equal to 80% of Day Ahead Price (as published by the CAISO) at the Generator PNode (as assigned by the CAISO) plus $40 for each MWh of CEC RPS Eligible Bucket One (1) energy (as defined by Section 399.16(b)(1) of the California Public Utilities Code, and as evidenced by the transfer of WREGIS Certificates to Buyer). For the remaining elements of the Product in Test Energy, the price is the difference of the total price as calculated in this Section 1.07(c) minus $40.00 per MWh, up to a maximum of 20 MWh in any hour. All Test Energy shall be scheduled in accordance with the CAISO Tariff.

Product Price. (a) During the first Term Year, the Product Price shall be equal to the total price of $87.40 per MWh (net of any CAISO Charges and any subsequent CAISO True-Ups) received from the Project at the Delivery Point; provided, the Buyer receives all of the following from the Product: the Green Attributes described below and the remaining elements of the Product. For the avoidance of doubt, the remaining elements of the Product include but are not limited to all electric energy produced by the Generating Facility throughout the Delivery Term, net of Station Use; all Capacity Attributes, if applicable; and all Resource Adequacy Benefits, if applicable; generated by, associated with or attributable to the Generating Facility throughout the Delivery Term. (b) . The Product Price (described above) during the first Term Year is equal to the sum of the price for Green Attributes and remaining elements of the Product (net of any CAISO Charges and any subsequent CAISO True- True-Ups). For the Green Attributes portion of the Product Price, the price for Green Attributes is $40 for each MWh of CEC RPS Eligible Bucket One (1) energy (as defined by Section 399.16(b)(1) of the California Public Utilities Code, and as evidenced by the transfer of WREGIS Certificates to Buyer). For the remaining elements of the Product, the price is $47.40 per MWh, or $87.40 per MWh minus $40.00 per MWh, up to a maximum of 20 MWh in any hour. The prices for Green Attributes and remaining elements of the Product will increase annually by two and one-half percent (2.5%) effective on each anniversary of the Term from the commencement of the second Term Year through the commencement of the tenth Term Year. Thereafter, the prices for Green Attributes and remaining elements of the Product will increase annually by one and one- one-half percent (1.5%) effective on each anniversary of the Term from the commencement of eleventh Term Year through the commencement of the fifteenth Term Year. The prices for Green Attributes and remaining elements of the Product shall not increase for any Term Year commencing from the sixteenth Term Year. (c) . To prevent and or minimize unscheduled Product being injected into the CAISO grid, Buyer shall purchase Test Energy (net of any CAISO Charges and any subsequent CAISO True-Ups) for prior period(s) from the Generation Facility at a price equal to 80% of Day Ahead Price (as published by the CAISO) at the Generator PNode (as assigned by the CAISO) plus $40 for each MWh of CEC RPS Eligible Bucket One (1) energy (as defined by Section 399.16(b)(1) of the California Public Utilities Code, and as evidenced by the transfer of WREGIS Certificates to Buyer). For the remaining elements of the Product in Test Energy, the price is the difference of the total price as calculated in this Section 1.07(cA.1(c) minus $40.00 per MWh, up to a maximum of 20 MWh in any hour. All Test Energy shall be scheduled in accordance with the CAISO Tariff.