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EXHIBIT 10.8
EXELON GENERATION COMPANY, LLC
CONFIRMATION AGREEMENT
EXELON GENERATION COMPANY, LLC, CONFIRMATION AGREEMENT
TO: Xxx Xxxxxx
COMPANY: Commonwealth Energy Corporation (d/b/a electricAMERICA)
This confirmation letter ("Letter") shall confirm the agreement reached on May
18, 2001, between Commonwealth Energy Corporation and Exelon Generation Company,
LLC, for the sale and purchase under the terms and conditions as follows:
Buyer: Commonwealth Energy Corporation (d/b/a electricAMERICA) ("Buyer")
Seller: Exelon Generation Company, LLC ("Seller")
Product: Around the clock energy
Term: 36 months
Start Date: Hour Ending 0100 June 1, 2001
End Date: Hour Ending 2400 May 31, 2004
Delivery Point: Western Hub of PJM Interconnection
Transmission: Buyer responsible for transmission costs beyond Delivery Point
Amount: 50 MW per hour for the Term
Total Amount: 1,315,200 MWh
Price: $35.85/MWh for the Term
Buyer's Credit Support: Buyer will provide to Seller a Letter of Credit ("LOC"),
issued by a financial institution acceptable to Seller, in the amount of $2.6
million. The LOC will be effective for the Term, with an expiration date of June
1, 2004.
Wire Transfer Information: Payment will be made to the following:
Mellon Bank
Philadelphia, PA
ABA# 000-000-000
Credit: Exelon Generation Company, LLC
Account: 0000000
Scheduling: Seller will schedule this transaction in day-ahead eSchedules, or
its successor Buyer will confirm day-ahead eSchedules contract.
Tariff: This sale shall take place, be billed, paid for, and treated
confidentially pursuant to the terms of Exelon Generation Company's FERC
Electric Tariff Volume No. 1.
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IN WITNESS WHEREOF, and intending to be legally bound, the Parties have
executed this Agreement by the undersigned duly authorized representatives as of
the date of this Agreement.
Exelon Generation Company, LLC Commonwealth Energy Corporation
(d/b/a electricAMERICA)
By:/s/ Xxx XxXxxx By: /s/ Xxx X. Xxxxxx
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Name: Xxx XxXxxx Name: Xxx X. Xxxxxx
Title: Senior Vice President Title: Chairman & CEO
Date: 5/13/01 Date: 6/01/01
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