Common use of Residual ARRs Clause in Contracts

Residual ARRs. Effective August 1, 2012, PJM is required to offer ARRs to eligible participants when a transmission outage was modeled in the annual ARR allocation, but the facility becomes available during the relevant planning year. These ARRs are automatically assigned the month before the effective date and only available on paths prorated in Stage 1 of the annual ARR allocation. Residual ARRs are only effective for single, whole months, cannot be self scheduled and their clearing prices are based on monthly FTR auction clearing prices. In the 2013 to 2014 planning period planning period PJM allocated a total of 15,417.5 MW of residual ARRs with a total target allocation of $4,683,134. • ARR Reassignment for Retail Load Switching. There were 52,825 MW of ARRs associated with $498,800 of revenue that were reassigned in the 2012 to 2013 planning period. There were 64,086 MW of ARRs associated with $382,100 of revenue that were reassigned for the 2013 to 2014 planning period.

Residual ARRs. Effective August 1, 2012, PJM is required to offer ARRs to eligible participants when a transmission outage was modeled in the annual Annual ARR allocationAllocation, but the facility becomes available during the relevant planning year. These ARRs are automatically assigned the month before the effective date and only available on paths prorated in Stage 1 of the annual Annual ARR allocationAllocation. Residual ARRs are only effective for single, whole months, cannot be self scheduled and their clearing prices are based on monthly FTR auction clearing prices. In the 2012 to 2013 to 2014 planning period planning period PJM allocated a total of 15,417.5 17,467.5 MW of residual ARRs with a total target allocation of $4,683,1345,083,608. • ARR Reassignment for Retail Load Switching. There were 52,825 MW of ARRs associated with approximately $498,800 of revenue that were reassigned in the 2012 to 2013 planning period. There were 64,086 41,770 MW of ARRs associated with approximately $382,100 758.900 of revenue that were reassigned for the 2013 full twelve months of the 2011 to 2014 2012 planning period.

Residual ARRs. Effective August 1, 2012, PJM is required to offer ARRs to eligible participants when a transmission outage was modeled in the annual ARR allocation, but the facility becomes available during the relevant planning year. These ARRs are automatically assigned the month before the effective date and only available on paths prorated in Stage 1 of the annual ARR allocation. Residual ARRs are only effective for single, whole months, cannot be self scheduled and their clearing prices are based on monthly FTR auction clearing prices. In the first seven months of the 2013 to 2014 planning period planning period PJM allocated a total of 15,417.5 6,428.8 MW of residual ARRs with a total target allocation of $4,683,1343,647,248. • ARR Reassignment for Retail Load Switching. There were 52,825 MW of ARRs associated with approximately $498,800 of revenue that were reassigned in the 2012 to 2013 planning period. There were 64,086 35,501 MW of ARRs associated with approximately $382,100 233,800 of revenue that were reassigned for the first seven months of the 2013 to 2014 planning period.. Market Performance

Residual ARRs. Effective August 1, 2012, PJM is required to offer ARRs to eligible participants when a transmission outage was modeled in the annual Annual ARR allocationAllocation, but the facility becomes available during the relevant planning year. These ARRs are automatically assigned the month before the effective date and only available on paths prorated in Stage 1 of the annual Annual ARR allocationAllocation. Residual ARRs are only effective for single, whole months, cannot be self scheduled and their clearing prices are based on monthly FTR auction clearing prices. In the 2012 to 2013 to 2014 planning period planning period PJM allocated a total of 15,417.5 14,211.2 MW of residual ARRs with a total target allocation of $4,683,1344,475,521. • ARR Reassignment for Retail Load Switching. There were 52,825 48,077 MW of ARRs associated with approximately $498,800 464,100 of revenue that were reassigned in the first ten months of the 2012 to 2013 planning period. There were 64,086 41,770 MW of ARRs associated with approximately $382,100 758,900 of revenue that were reassigned for the 2013 full twelve months of the 2011 to 2014 2012 planning period.

Residual ARRs. Effective August 1, 2012, PJM is required to offer ARRs to eligible participants when a transmission outage was modeled in the annual ARR allocation, but the facility becomes available during the relevant planning year. These ARRs are automatically assigned the month before the effective date and only available on paths prorated in Stage 1 of the annual ARR allocation. Residual ARRs are only effective for single, whole months, cannot be self scheduled and their clearing prices are based on monthly FTR auction clearing prices. In the 2013 first four months of the 2014 to 2014 2015 planning period planning period period, PJM allocated a total of 15,417.5 9,826.4 MW of residual ARRs with a total target allocation of $4,683,1345,109,164. • ARR Reassignment for Retail Load Switching. There were 52,825 MW of ARRs associated with $498,800 of revenue that were reassigned in the 2012 to 2013 planning period. There were 64,086 MW of ARRs associated with $382,100 of revenue that were reassigned for in the 2013 to 2014 planning period. There were 30,323 MW of ARRs associated with $302,600 of revenue that were reassigned for the first four months of the 2014 to 2015 planning period.

Residual ARRs. Effective August 1, 2012, PJM is required to offer ARRs to eligible participants when a transmission outage was modeled in the annual ARR allocation, but the facility becomes available during the relevant planning year. These ARRs are automatically assigned the month before the effective date and only available on paths prorated in Stage 1 of the annual ARR allocation. Residual ARRs are only effective for single, whole months, cannot be self scheduled and their clearing prices are based on monthly FTR auction clearing prices. In the first ten months of the 2013 to 2014 planning period planning period PJM allocated a total of 15,417.5 4,527.4 MW of residual ARRs with a total target allocation of $4,683,1341,783,870. • ARR Reassignment for Retail Load Switching. There were 52,825 MW of ARRs associated with approximately $498,800 of revenue that were reassigned in the 2012 to 2013 planning period. There were 64,086 53,988 MW of ARRs associated with approximately $382,100 309,200 of revenue that were reassigned for the first ten months of the 2013 to 2014 planning period.. Market Performance