Common use of Savings Estimates Clause in Contracts

Savings Estimates. The Issuer has endeavored to provide the ESCO with sufficient general and specific guidance in this Article 1 to develop the savings estimates for the Report. In the event that questions arise as to the calculation of savings or whether certain items will be allowed as savings, the ESCO should seek written guidance from the Issuer. The Issuer reserves the right to reject items claimed as savings which are not in the Issuer’s utility budget line or which have been claimed contrary to the guidance given in this agreement or contrary to written guidance given to the ESCO. The Issuer also reserves the right to reject the ESCO’s calculations of savings when it determines that there is another more suitable or preferable means of determining or calculating such savings. For the purposes of completing the Cash Flow Analysis in Attachment B and B-1, the following items will be allowed as savings or in the development of savings: Escalation rates of % for natural gas1 Escalation rates of % for electricity Escalation rates of % for oil Escalation rates of % for steam Escalation rates of % for water Escalation rates of % for other fuel type (specify) Escalation rates of % for operation and maintenance cost savings Escalation rates of % for material/commodity cost savings Escalation rates of % for allowable labor savings It should be noted that the base value for each fuel and water unit will not devalue in the event of any rate decrease. The issuer reserves the right to impose ceiling rates for fuel escalations The following items will not typically be credited as savings derived from a proposed ECM: Issuer’s in-house labor cost, Issuer’s deferred maintenance cost and offset of future Issuer’s capital costs. The ESCO may seek, in writing, permission to include such items from the Issuer on a case-by- case basis. However, the final determination of allowable savings in each case considered shall reside with Issuer.

Savings Estimates. (This information is to be included in Schedule E of the Report) The Issuer ISSUER has endeavored to provide the ESCO with sufficient general and specific guidance in this Article 1 to develop the savings estimates for the Report. In the event that questions arise as to the calculation of savings or whether certain items will be allowed as savings, the ESCO should seek written guidance from the IssuerISSUER. The Issuer ISSUER reserves the right to reject items claimed as savings which are not in the IssuerISSUER’s utility budget line or which have been claimed contrary to the guidance given in this agreement Agreement or contrary to written guidance given to the ESCO. The Issuer ISSUER also reserves the right to reject the ESCO’s calculations of savings when it determines that there is another more suitable or preferable means of determining or calculating such savings. For the purposes of completing the Cash Flow Analysis in Attachment B and B-1Schedule M of the Report, the following items will be allowed as savings or in the development of savings: Escalation rates of 0 % for natural gas1 gas Escalation rates of 0 % for electricity Escalation rates of 0 % for oil Escalation rates of 0 % for steam Escalation rates of 0 % for water Escalation rates of 0 % for other fuel type (specify) Escalation rates of % for operation and maintenance cost savings Escalation rates of % for material/commodity cost savings Escalation rates of % for allowable labor savings It should be noted that the base value for each fuel and water unit will not devalue in the event of any rate decrease. The issuer ISSUER reserves the right to impose ceiling rates for fuel escalations escalations. The following items will not typically be credited as savings derived from a proposed ECM: IssuerISSUER’s in-house labor cost, IssuerISSUER’s deferred maintenance cost and offset of future IssuerISSUER’s capital costs. The ESCO may seek, in writing, permission to include such items from the Issuer ISSUER on a case-by- by-case basis. However, the final determination of allowable savings in each case considered shall reside with IssuerISSUER.

Savings Estimates. (This information is to be included in Schedule E of the Report) The Issuer ISSUER has endeavored to provide the ESCO with sufficient general and specific guidance in this Article 1 to develop the savings estimates for the Report. In the event that questions arise as to the calculation of savings or whether certain items will be allowed as savings, the ESCO should seek written guidance from the IssuerISSUER. The Issuer ISSUER reserves the right to reject items claimed as savings which are not in the IssuerISSUER’s utility budget line or which have been claimed contrary to the guidance given in this agreement Agreement or contrary to written guidance given to the ESCO. The Issuer ISSUER also reserves the right to reject the ESCO’s calculations of savings when it determines that there is another more suitable or preferable means of determining or calculating such savings. For the purposes of completing the Cash Flow Analysis in Attachment B and B-1Schedule M of the Report, the following items will be allowed as savings or in the development of savings: Escalation rates of 0 % for natural gas1 gas Escalation rates of 0 % for electricity Escalation rates of 0 % for oil Escalation rates of 0 % for steam Escalation rates of 0 % for water Escalation rates of 0 % for other fuel type (specify) Escalation rates of % for operation and maintenance cost savings Escalation rates of % for material/commodity cost savings Escalation rates of % for allowable labor savings It should be noted that the base value for each fuel and water unit will not devalue in the event of any rate decrease. The issuer ISSUER reserves the right to impose ceiling rates for fuel escalations all escalations. The following items will not typically be credited as savings derived from a proposed ECM: IssuerISSUER’s in-house labor cost, IssuerISSUER’s deferred maintenance cost and offset of future IssuerISSUER’s capital costs. The ESCO may seek, in writing, permission to include such items from the Issuer ISSUER on a case-by- by-case basis. However, the final determination of allowable savings in each case considered shall reside with IssuerISSUER. A meeting to review appropriate Schedules, including Schedules E, F and G, shall be held by the ESCO, ISSUER and if requested by the ISSUER, the Qualified Reviewer, prior to proceeding with preparing the rest of the IGA Report. USI shall attend this meeting to assess conformity with statutes and the M&V guidelines. The meeting of these organizations to discuss findings should be conducted in person.

Savings Estimates. (This information is to be included in Schedule E of the Report) The Issuer ISSUER has endeavored to provide the ESCO with sufficient general and specific guidance in this Article 1 to develop the savings estimates for the Report. In the event that questions arise as to the calculation of savings or whether certain items will be allowed as savings, the ESCO should seek written guidance from the IssuerISSUER. The Issuer ISSUER reserves the right to reject items claimed as savings which are not in the IssuerISSUER’s utility budget line or which have been claimed contrary to the guidance given in this agreement Agreement or contrary to written guidance given to the ESCO. The Issuer ISSUER also reserves the right to reject the ESCO’s calculations of savings when it determines that there is another more suitable or preferable means of determining or calculating such savings. For the purposes of completing the Cash Flow Analysis in Attachment B and B-1Schedule M of the Report, the following items will be allowed as savings or in the development of savings: Escalation rates of Escalation rates of Escalation rates of Escalation rates of Escalation rates of Escalation rates of 0 % for natural gas1 Escalation rates of gas 0 % for electricity Escalation rates of 0 % for oil Escalation rates of 0 % for steam Escalation rates of 0 % for water Escalation rates of 0 % for other fuel type (specify) Escalation rates of % for operation and maintenance cost savings Escalation rates of % for material/commodity cost savings Escalation rates of % for allowable labor savings It should be noted that the base value for each fuel and water unit will not devalue in the event of any rate decrease. The issuer ISSUER reserves the right to impose ceiling rates for fuel escalations all escalations. The following items will not typically be credited as savings derived from a proposed ECM: IssuerISSUER’s in-house labor cost, IssuerISSUER’s deferred maintenance cost and offset of future IssuerISSUER’s capital costs. The ESCO may seek, in writing, permission to include such items from the Issuer ISSUER on a case-by- by-case basis. However, the final determination of allowable savings in each case considered shall reside with IssuerISSUER. A meeting to review appropriate Schedules, including Schedules E, F and G, shall be held by the ESCO, ISSUER and if requested by the ISSUER, the Qualified Reviewer, prior to proceeding with preparing the rest of the IGA Report. USI shall attend this meeting to assess conformity with statutes and the M&V guidelines. The meeting of these organizations to discuss findings should be conducted in person.