EXHIBIT 10.21
EXHIBIT 10.21
SECOND AMENDMENT TO MASTER AGREEMENT
BETWEEN
DTE-COENERGY, L.L.C.
AND
GREEN MOUNTAIN ENERGY RESOURCES, L.L.C.
This Second Amendment to Master Agreement ("Amendment") is executed as of
February 18, 1999 by and between DTE-CoEnergy, L.L.C. ("Supplier") and Green
Mountain Energy Resources, L.L.C. ("Green Mountain") and, together with
supplier, (the "Parties").
The Parties are Parties to a Master Agreement dated September 11, 1998, as
amended, ("Agreement") and agree to amend the Agreement as follows:
1. The following defined term is added to Paragraph 1:
"SETTLEMENT PROCESS: The process of settling with the EDC for the charges
or credits associated with volumetric differences between the scheduled
deliveries and the Designated Green Mountain Customers' actual use."
2. The following is added to the end Paragraph 5B:
Green Mountain shall allocate Supplier a percentage share of the total
aggregate energy requirements of its' Load Profiled Retail Customers for each
ECAR EDC, representing one hundred percent (100%) of incremental customer
additions, until such time as Supplier has been allocated the minimum percentage
specified in Paragraph 5A as may be limited by Paragraph 5C. Such allocation
shall commence by May 1 or as soon as thereafter as practical and continue until
all EDC's allow Green Mountain to utilize multiple suppliers of Wholesale
Products. An example of the allocation is set forth in Exhibit A to the Second
Amendment.
Sixty days after the first billing month in which an EDC allows Green
Mountain to use multiple suppliers of Wholesale Products the percentage share
referred to in the preceding paragraph will be converted to Designated Green
Mountain Customers and which will be included in the Customer Group
corresponding to the date they began to receive service pursuant to the
preceding paragraph
Green Mountain shall be responsible for the Settlement Process for each EDC
where the Designated Green Mountain Customers are served by more than one
supplier of Wholesale Products. Green Mountain's responsibility for the
Settlement Process shall last until 60 days after the first billing month in
which such EDC allows Green Mountain to use multiple suppliers of Wholesale
Products at which time the Supplier shall resume responsibility for the
Settlement Process. Green Mountain shall allocate Settlement Process credits
and charges among all of its Wholesale Product suppliers serving Load Profiled
Retail Customers in each EDC based on the percentage share of the total
aggregate energy requirements served by each such supplier. Any charge or
credit to the
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Supplier by the EDC will be included on the Supplier's next monthly invoice to
Green Mountain and be paid by Green Mountain or deducted by Supplier as the case
may be.
3. Except as hereinbefore set forth, the Agreement remains unchanged.
DTE-CoEnergy, L.L.C. Green Mountain Energy
Resources, L.L.C.
By: /s/Xxxxxxx X. Xxxxxxxxxxx By: /s/Xxxxxx X. Xxxxxxx
Title: President Title: Vice President
Date: 2/19/99 Date: 2/18/99
Daily Settlement Example Exhibit A
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Aggregate Allocation
------------------------
(54%) (46%) Composite Reconciled Reconciled EDC Excess Deficient
Sch. 1 Sch. 2 Schedule Load Load Rate Reimburse. Charge Total
MW MW MW MW MW $/MWh $ $ $
---------------------------- ----------- ------------ ----------- ------- -----------------------------------
Hour 1 3 2 5 4.6 0.4 18.00 (7.20) - (7.20)
Hour 2 3 2 5 5.7 -0.7 18.50 - 12.95 12.95
Hour 3 3 2 5 6.1 -1.1 18.30 - 20.13 20.13
Hour 4 3 3 6 5.5 0.5 18.60 (9.30) - (9.30)
Hour 5 3 3 6 6.1 -0.1 18.20 - 1.82 1.82
Hour 6 4 3 7 6.5 0.5 19.70 (9.85) - (9.85)
Hour 7 4 4 8 7.5 0.5 25.73 (12.87) - (12.87)
Hour 8 4 4 8 8.0 0.0 25.00 - - -
Hour 9 4 4 8 8.5 -0.5 24.50 - 12.25 12.25
Hour 10 4 4 8 8.4 -0.4 25.00 - 10.00 10.00
Hour 11 4 4 8 8.3 -0.3 25.00 - 7.50 7.50
Hour 12 4 4 8 8.9 -0.9 25.00 - 22.50 22.50
Hour 13 4 4 8 7.9 0.1 25.00 (2.50) - (2.50)
Hour 14 5 4 9 8.6 0.4 25.00 (10.00) - (10.00)
Hour 15 5 5 10 9.2 0.8 25.00 (20.00) - (20.00)
Hour 16 5 5 10 10.6 -0.6 25.00 - 15.00 15.00
Hour 17 5 4 9 8.8 0.2 25.00 (5.00) - (5.00)
Hour 18 4 4 8 7.9 0.1 26.03 (2.60) - (2.60)
Hour 19 4 4 8 7.6 0.4 25.00 (10.00) - (10.00)
Hour 20 4 4 8 6.5 1.5 25.00 (37.50) - (37.50)
Hour 21 4 4 8 7.0 1.0 25.00 (25.00) - (25.00)
Hour 22 3 3 6 6.8 -0.8 24.97 - 19.98 19.98
Hour 23 3 3 6 6.7 -0.7 18.07 - 12.65 12.65
Hour 24 3 3 6 5.2 0.8 17.96 (14.37) - (14.37)
---------------------------- ----------- ------------ ----------- ------------------------------------
92 86 178 176.9 1.1 (166.19) 134.78 (31.41)
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Supplier 1 Allocation
-------------------------- (54%)
(54%) (46%) Composite Reconciled Reconciled EDC Excess Deficient
Sch. 1 Sch. 2 Schedule Load Load Rate Reimburse. Charge Total
MW MW MW MW MW $/MWh $ $ $
---------------------------- ----------- ------------ ----------- ------- -----------------------------------
Hour 1 3 3 2.48 0.5 18.00 (9.29) - (9.29)
Hour 2 3 3 3.08 -0.1 18.50 - 1.44 1.44
Hour 3 3 3 3.29 -0.3 18.30 - 5.38 5.38
Hour 4 3 3 2.97 0.0 18.60 (0.56) - (0.56)
Hour 5 3 3 3.29 -0.3 18.20 - 5.35 5.35
Hour 6 4 4 3.51 0.5 19.70 (9.65) - (9.65)
Hour 7 4 4 4.05 -0.1 25.73 - 1.29 1.29
Hour 8 4 4 4.32 -0.3 25.00 - 8.00 8.00
Hour 9 4 4 4.59 -0.6 24.50 - 14.46 14.46
Hour 10 4 4 4.54 -0.5 25.00 - 13.40 13.40
Hour 11 4 4 4.48 -0.5 25.00 - 12.05 12.05
Hour 12 4 4 4.81 -0.8 25.00 - 20.15 20.15
Hour 13 4 4 4.27 -0.3 25.00 - 6.65 6.65
Hour 14 5 5 4.64 0.4 25.00 (8.90) - (8.90)
Hour 15 5 5 4.97 0.0 25.00 (0.80) - (0.80)
Hour 16 5 5 5.72 -0.7 25.00 - 18.10 18.10
Hour 17 5 5 4.75 0.2 25.00 (6.20) - (6.20)
Hour 18 4 4 4.27 -0.3 26.03 - 6.92 6.92
Hour 19 4 4 4.10 -0.1 25.00 - 2.60 2.60
Hour 20 4 4 3.51 0.5 25.00 (12.25) - (12.25)
Hour 21 4 4 3.78 0.2 25.00 (5.50) - (5.50)
Hour 22 3 3 3.67 -0.7 24.97 - 16.78 16.78
Hour 23 3 3 3.62 -0.6 18.07 - 11.17 11.17
Hour 24 3 3 2.81 0.2 17.96 (3.45) - (3.45)
---------------------------- ----------- ------------ ----------- -----------------------------------
92 92 95.53 -3.5 (56.60) 143.74 87.14
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Supplier 2 Allocation
------------------------- (46%)
(54%) (46%) Composite Reconciled Reconciled EDC Excess Deficient
Sch. 1 Sch. 2 Schedule Load Load Rate Reimburse. Charge Total
MW MW MW MW MW $/MWh $ $ $
---------------------------- ----------- ------------ ----------- ------- -----------------------------------
Hour 1 2 2 2.12 -0.1 18.00 - 2.09 2.09
Hour 2 2 2 2.62 -0.6 18.50 - 11.51 11.51
Hour 3 2 2 2.81 -0.8 18.30 - 14.75 14.75
Hour 4 3 3 2.53 0.5 18.60 (8.74) - (8.74)
Hour 5 3 3 2.81 0.2 18.20 (3.53) - (3.53)
Hour 6 3 3 2.99 0.0 19.70 (0.20) - (0.20)
Hour 7 4 4 3.45 0.6 25.73 (14.15) - (14.15)
Hour 8 4 4 3.68 0.3 25.00 (8.00) - (8.00)
Hour 9 4 4 3.91 0.1 24.50 (2.21) - (2.21)
Hour 10 4 4 3.86 0.1 25.00 (3.40) - (3.40)
Hour 11 4 4 3.82 0.2 25.00 (4.55) - (4.55)
Hour 12 4 4 4.09 -0.1 25.00 - 2.35 2.35
Hour 13 4 4 3.63 0.4 25.00 (9.15) - (9.15)
Hour 14 4 4 3.96 0.0 25.00 (1.10) - (1.10)
Hour 15 5 5 4.23 0.8 25.00 (19.20) - (19.20)
Hour 16 5 5 4.88 0.1 25.00 (3.10) - (3.10)
Hour 17 4 4 4.05 0.0 25.00 - 1.20 1.20
Hour 18 4 4 3.63 0.4 26.03 (9.53) - (9.53)
Hour 19 4 4 3.50 0.5 25.00 (12.60) - (12.60)
Hour 20 4 4 2.99 1.0 25.00 (25.25) - (25.25)
Hour 21 4 4 3.22 0.8 25.00 (19.50) - (19.50)
Hour 22 3 3 3.13 -0.1 24.97 - 3.20 3.20
Hour 23 3 3 3.08 -0.1 18.07 - 1.48 1.48
Hour 24 3 3 2.39 0.6 17.96 (10.92) - (10.92)
---------------------------- ----------- ------------ ----------- -----------------------------------
0 86 86 81.37 4.6 (155.12) 36.57 (118.55)
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