Common use of BTU True Up Clause in Contracts

BTU True Up. The Base Price for coal delivered hereunder in any particular calendar month is based on the assumption that the actual “as received” monthly weighted average BTU/LB (the “AMWA”) for coal delivered to Buyer during that particular calendar month is equal to the minimum Guaranteed Monthly Weighted Average BTU/LB set forth in §6.1 (“GMWA”). In the event the AMWA varies from the GMWA for any particular calendar month, then the Base Price applicable to such delivered coal will be adjusted for that particular calendar month to account for such variation in BTU’s; such Base Price adjustment for BTU’s for that particular calendar month to be determined as follows:

BTU True Up. The Base Price for coal delivered hereunder in any particular calendar month (a “Delivery Month”) is based on the assumption that the actual “as received” monthly weighted average Monthly Weighted Average BTU/LB (the “BTU AMWA”) for coal delivered to Buyer during that particular calendar month a Delivery Month is equal to the minimum Guaranteed Monthly Weighted Average BTU/LB set forth in §6.1 (the “BTU GMWA”). In If the event the BTU AMWA varies from the BTU GMWA for any particular calendar monthDelivery Month, then the Base Price price applicable to such delivered coal will be adjusted for that particular calendar month to account for such variation in BTU’s; such Base Price . The BTU adjustment for BTU’s for that particular calendar month to Delivery Month will be determined as follows:: XXXXXXXXX COAL COMPANY, INC. LG&E/KU Xxxxxxxx Xx. X00000

BTU True Up. The Base Price for coal delivered loaded hereunder in any particular calendar month (a “Delivery Month”) is based on the assumption that the actual “as received” monthly weighted average Monthly Weighted Average BTU/LB (the “BTU AMWA”) for coal delivered loaded to Buyer during that particular calendar month a Delivery Month is equal to the minimum Guaranteed Monthly Weighted Average BTU/LB set forth in §6.1 (the “BTU GMWA”). In If the event the BTU AMWA varies from the BTU GMWA for any particular calendar monthDelivery Month, then the Base Price price applicable to such delivered loaded coal will be adjusted for that particular calendar month to account for such variation in BTU’s; such Base Price . The BTU adjustment for BTU’s for that particular calendar month to Delivery Month will be determined as follows:

BTU True Up. The Base Price for coal delivered hereunder in any particular calendar month is based on the assumption that the actual “as received” monthly weighted average BTU/LB (the “AMWA”) for coal delivered to Buyer during that particular calendar month is equal to the minimum Guaranteed Monthly Weighted Average BTU/LB set forth in §6.1 (“GMWA”). In the event the AMWA varies from the GMWA for any particular calendar month, then the Base Price applicable to such delivered coal will be adjusted for that particular calendar month to account for such variation in BTU’s; such Base Price adjustment for BTU’s for that particular calendar month to be determined as follows:

BTU True Up. The Base Price for coal delivered loaded hereunder in any particular calendar month (a “Delivery Month”) is based on the assumption that the actual “as received” monthly weighted average Monthly Weighted Average BTU/LB (the “BTU AMWA”) for all the coal delivered to Buyer loaded during that particular calendar month a Delivery Month is equal to the minimum Guaranteed Monthly Weighted Average BTU/LB set forth in §6.1 (the “BTU GMWA”). In If the event BTU AMWA for the AMWA varies coal loaded in any Delivery Month deviates from the BTU GMWA for any particular calendar monthDelivery Month, then the Base Price price applicable to such delivered loaded coal will be adjusted for that particular calendar month to account for such variation in BTU’s; such Base Price BTUs. The BTU adjustment for BTU’s for that particular calendar month to Delivery Month will be determined as follows:

BTU True Up. The Base Price for coal delivered hereunder in any particular calendar month (a “Delivery Month”) is based on the assumption that the actual “as received” monthly weighted average Monthly Weighted Average BTU/LB (the “BTU AMWA”) for coal delivered to Buyer during that particular calendar month a Delivery Month is equal to the minimum Guaranteed Typical Monthly Weighted Average BTU/LB set forth in §6.1 (the “GMWABTU TMWA”). In If the event the BTU AMWA varies from the GMWA BTU TMWA for any particular calendar monthDelivery Month, then the Base Price price applicable to such delivered coal will be adjusted for that particular calendar month to account for such variation in BTU’s; such Base Price . The BTU adjustment for BTU’s for that particular calendar month to Delivery Month will be determined as follows:

BTU True Up. The Base Price for coal delivered hereunder in any particular calendar month (a “Delivery Month”) is based on the assumption that the actual “as received” monthly weighted average Monthly Weighted Average BTU/LB (the “BTU AMWA”) for coal delivered to Buyer during that particular calendar month a Delivery Month is equal to the minimum Guaranteed Monthly Weighted Average BTU/LB set forth in §6.1 (the “BTU GMWA”). In If the event the BTU AMWA varies from the BTU GMWA for any particular calendar monthDelivery Month, then the Base Price price applicable to such delivered coal will be adjusted for that particular calendar month to account for such variation in BTU’s; such Base Price . The BTU adjustment for BTU’s for that particular calendar month to Delivery Month will be determined as follows:

BTU True Up. The Base Price for coal delivered loaded hereunder in any particular calendar month (a “Delivery Month”) is based on the assumption that the actual “as received” monthly weighted average Monthly Weighted Average BTU/LB (the “BTU AMWA”) for coal delivered to Buyer loaded during that particular calendar month a Delivery Month is equal to the minimum Guaranteed Monthly Weighted Average BTU/LB set forth in §6.1 (the “BTU GMWA”). In If the event the BTU AMWA varies from the BTU GMWA for any particular calendar monthDelivery Month, then the Base Price price applicable to such delivered loaded coal will be adjusted for that particular calendar month to account for such variation in BTU’s; such Base Price . The BTU adjustment for BTU’s for that particular calendar month to Delivery Month will be determined as follows:

BTU True Up. The Base Price for coal delivered hereunder in any particular calendar month (a “Delivery Month”) is based on the assumption that the actual “as received” monthly weighted average Monthly Weighted Average BTU/LB (the “BTU AMWA”) for all the coal delivered to and accepted by Buyer during that particular calendar month a Delivery Month is equal to the minimum Guaranteed Monthly Weighted Average BTU/LB set forth in §6.1 (the “BTU GMWA”). In If the event BTU AMWA for the AMWA varies coal delivered and accepted in any Delivery Month deviates from the BTU GMWA for any particular calendar monthDelivery Month, then the Base Price price applicable to such delivered coal will be adjusted for that particular calendar month to account for such variation in BTU’s; such Base Price BTUs. The BTU adjustment for BTU’s for that particular calendar month to Delivery Month will be determined as follows:

BTU True Up. The Base Price for coal delivered accepted hereunder in any particular calendar month (a “Delivery Month”) is based on the assumption that the actual “as received” monthly weighted average Monthly Weighted Average BTU/LB (the “BTU AMWA”) for coal delivered to accepted by Buyer during that particular calendar month a Delivery Month is equal to the minimum Guaranteed Monthly Weighted Average BTU/LB set forth in §6.1 (the “BTU GMWA”). In If the event the BTU AMWA varies from the BTU GMWA for any particular calendar monthDelivery Month, then the Base Price price applicable to such delivered accepted coal will be adjusted for that particular calendar month to account for such variation in BTU’s; such Base Price . The BTU adjustment for BTU’s for that particular calendar month to Delivery Month will be determined as follows:

BTU True Up. The Base Price for coal delivered loaded hereunder in any particular calendar month (a “Delivery Month”) is based on the assumption that the actual “as received” monthly weighted average Monthly Weighted Average BTU/LB (the “BTU AMWA”) for all the coal delivered to Buyer loaded during that particular calendar month a Delivery Month is equal to the minimum Guaranteed Monthly Weighted Average BTU/LB set forth in §6.1 (the “BTU GMWA”). In If the event BTU AMWA for the AMWA varies coal loaded in any Delivery Month deviates from the BTU GMWA for any particular calendar monthDelivery Month, then the Base Price price applicable to such delivered loaded coal will be adjusted for that particular calendar month to account for such variation in BTU’s; such Base Price BTUs. The BTU adjustment for BTU’s for that particular calendar month to Delivery Month will be determined as follows: