Exchange Program. 4.1 WAPA has established separate Exchange Program for the Full Load Service Customer group and the Variable Resource Customer group. A Customer cannot be in both the Full Load Service Customer group and the Variable Resource Customer group at the same time. 4.2 The Exchange Program will take place on a pre-scheduled basis. 4.3 Base Resource power in excess of a Customer’s load in any hour will be distributed by WAPA in the applicable Exchange Program group (Full Load Service or Variable Resource). 4.4 A Customer may choose whether to make purchases from the Exchange Program for its group. Participation in making purchases from the Exchange Program requires a Customer to accept Exchange Program power if it has load in that hour. However, even if a Customer chooses not to participate in making purchases, if that Customer’s Base Resource amount exceeds its load in any hour, the excess will go into the Exchange Program for that Customer’s group for that hour, for use by participating Customers with load not met by Base Resource power in that hour. In other words, the retention of Base Resource in excess of a Customer’s load is mandatory, while participation in making purchases from the Exchange Program is voluntary. 4.5 If a Customer chooses not to make purchases from the Exchange Program, a written notice to that effect must be submitted to WAPA by November 1, 2024. Thereafter, a Customer must submit a written notice to WAPA at least one (1) month prior to changing its participation status; Except if a Customer has elected to make purchases from the Exchange Program and subsequently changes its participation status, the Customer must wait a minimum of one (1) year to again participate in the Exchange Program. Participation status will change on the first day of the month following the required notice period or the minimum one (1) year waiting period. 4.6 A Customer must use its Base Resource power prior to using any other source to meet its load, unless agreed to by WAPA in writing. A Customer participating in the Exchange Program must use Exchange Program power prior to any other source to meet its load, unless agreed to by WAPA in writing. 4.7 Each participating Customer in each group will receive an equal share in megawatts of that group’s Exchange Program power available for that hour, up to the Customer’s unmet load in that hour. 4.8 Any Exchange Program power that is excess to a Customer’s unmet load will go back to the Exchange Program for the group to which the Customer belongs, for that same hour. This power will be reallocated to participating Customers in that group on an equal basis until either that group’s Exchange Program has no remaining power in that hour, or no participating Customers in that group have unmet load in that hour. 4.9 If there is power remaining in the Full Load Service Exchange Program or the Variable Resource Exchange Program in any hour, and none of the participating Customers in that group have unmet load in that hour, the remaining power will go to the other group’s Exchange Program for that same hour. 4.10 If, in any hour, no participating Customers have unmet load but there is power remaining in either group’s Exchange Program, that power may be offered for sale by WAPA unless the amount of power is de minimis. 4.11 Customers’ power bills will be adjusted to reflect transactions into and out of the Exchange Program. 1. This Exhibit C to be effective under and as a part of Contract 20-SNR-02332 (Contract), shall become effective upon execution of the Contract; and, shall remain in effect until superseded by another Exhibit C or termination of the Contract.
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Exchange Program. 4.1 WAPA has established separate Exchange Program for the Full Load Service Customer group and the Variable Resource Customer group. A Customer cannot be in both the Full Load Service Customer group and the Variable Resource Customer group at the same time.
4.2 The Exchange Program will take place on a pre-scheduled basis.
4.3 Base Resource power in excess of a Customer’s load in any hour will be distributed by WAPA in the applicable Exchange Program group (Full Load Service or Variable Resource).
4.4 A Customer may choose whether to make purchases from the Exchange Program for its group. Participation in making purchases from the Exchange Program requires a Customer to accept Exchange Program power if it has load in that hour. However, even if a Customer chooses not to participate in making purchases, if that Customer’s Base Resource amount exceeds its load in any hour, the excess will go into the Exchange Program for that Customer’s group for that hour, for use by participating Customers with load not met by Base Resource power in that hour. In other words, the retention of Base Resource in excess of a Customer’s load is mandatory, while participation in making purchases from the Exchange Program is voluntary.
4.5 If a Customer chooses not to make purchases from the Exchange Program, a written notice to that effect must be submitted to WAPA by November 1, 2024. Thereafter, a Customer must submit a written notice to WAPA at least one (1) month prior to changing its participation status; Except if a Customer has elected to make purchases from the Exchange Program and subsequently changes its participation status, the Customer must wait a minimum of one (1) year to again participate in the Exchange Program. Participation status will change on the first day of the month following the required notice period or the minimum one (1) year waiting period.
4.6 A Customer must use its Base Resource power prior to using any other source to meet its load, unless agreed to by WAPA in writing. A Customer participating in the Exchange Program must use Exchange Program power prior to any other source to meet its load, unless agreed to by WAPA in writing.
4.7 Each participating Customer in each group will receive an equal share in megawatts of that group’s Exchange Program power available for that hour, up to the Customer’s unmet load in that hour.
4.8 Any Exchange Program power that is excess to a Customer’s unmet load will go back to the Exchange Program for the group to which the Customer belongs, for that same hour. This power will be reallocated to participating Customers in that group on an equal basis until either that group’s Exchange Program has no remaining power in that hour, or no participating Customers in that group have unmet load in that hour.
4.9 If there is power remaining in the Full Load Service Exchange Program or the Variable Resource Exchange Program in any hour, and none of the participating Customers in that group have unmet load in that hour, the remaining power will go to the other group’s Exchange Program for that same hour.
4.10 If, in any hour, no participating Customers have unmet load but there is power remaining in either group’s Exchange Program, that power may be offered for sale by WAPA unless the amount of power is de minimis.
4.11 Customers’ power bills will be adjusted to reflect transactions into and out of the Exchange Program.
1. This Exhibit C to be effective under and as a part of Contract 20-SNR-02332 SNR-02365 (Contract), shall become effective upon execution of the Contract; and, shall remain in effect until superseded by another Exhibit C or termination of the Contract.
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