Common use of Formula Rate Clause in Contracts

Formula Rate. The Formula Rate for the Monthly Contract Price consists of the following components and will be determined on a Monthly basis for each Buyer as follows: Monthly Contract Price ($/mo) = FPP ($/mo) + FOM ($/mo) + VOM ($/kWh) * Net Energy (kWh/mo) + FC ($/mo) + CRA ($/mo) - NESC ($/mo) - OPC ($/mo) + CPA where : FPP = Fixed Project Payment, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part A FOM = Fixed Operations & Maintenance Payment, expressed in dollars per month for the Project Cost categories listed in Exhibit 5.2(d), Part B VOM = Variable Operations & Maintenance Payment, expressed in dollars per kilowatt hour, for the Project Cost categories listed in Exhibit 5.2(d), Part C FC = Fuel Cost Payment, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d) Part D CRA = Capital Replacement and Additions, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part E NESC = Net Energy Sales Credit, expressed in dollars per month OPC = Other Products Credit, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part F CPA= Contract Price Adjustment, expressed in dollars per month, as defined in section 5.2(d)(viii).

Formula Rate. The Formula Rate for the Monthly Contract Price consists of the following components and will be determined on a Monthly basis for each Buyer as follows: Monthly Contract Price ($/mo) = FPP ($/mo) + FOM ($/mo) + VOM ($/kWh) * Net Energy (kWh/mo) + FC ($/mo) + CRA ($/mo) - NESC ($/mo) - OPC ($/mo) + CPA ($/mo) - RCLC where : FPP = Fixed Project Payment, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part A FOM = Fixed Operations & Maintenance Payment, expressed in dollars per month for the Project Cost categories listed in Exhibit 5.2(d), Part B VOM = Variable Operations & Maintenance Payment, expressed in dollars per kilowatt hour, for the Project Cost categories listed in Exhibit 5.2(d), Part C FC = Fuel Cost Payment, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d) ), Part D CRA = Capital Replacement and Additions, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part E NESC = Net Energy Sales Credit, expressed in dollars per month OPC = Other Products Credit, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part F CPA= CPA = Contract Price Adjustment, expressed in dollars per month, as defined in section 5.2(d)(viii5.2(d)(ix). RCLC = Rate Cap Limit Credit, calculated as set forth in section 6.3. ORF = Ordered Reconciliation Factor, expressed in dollars per month, as defined in Section 5.2(f).

Formula Rate. The Formula Rate for the Monthly Contract Price consists of the following components and will be determined on a Monthly basis for each Buyer as follows: Monthly Contract Price ($/mo) = FPP ($/mo) + FOM ($/mo) + VOM ($/kWh) * Net Energy (kWh/mo) + FC ($/mo) + CRA ($/mo) - NESC ($/mo) - OPC ($/mo) + CPA - RCLC where : FPP = Fixed Project Payment, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part A FOM = Fixed Operations & Maintenance Payment, expressed in dollars per month for the Project Cost categories listed in Exhibit 5.2(d), Part B VOM = Variable Operations & Maintenance Payment, expressed in dollars per kilowatt hour, for the Project Cost categories listed in Exhibit 5.2(d), Part C FC = Fuel Cost Payment, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d) ), Part D CRA = Capital Replacement and Additions, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part E NESC = Net Energy Sales Credit, expressed in dollars per month month, as listed in Exhibit 5.2(d), Part F. OPC = Other Products Credit, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part F CPA= FG CPA = Contract Price Adjustment, expressed in dollars per month, as defined in section 5.2(d)(viii5.2(d)(ix)., as listed in Exhibit 5.2(d), Part H. RCLC = Rate Cap Limit Credit, calculated as set forth in section 6.3.6.3, as listed in Exhibit 5.2(d), Part I.

Formula Rate. The Formula Rate for the Monthly Contract Price consists of the following components and will be determined on a Monthly basis for each Buyer as follows: Monthly Contract Price ($/mo) = FPP ($/mo) + FOM ($/mo) + VOM ($/kWh) * Net Energy (kWh/mo) + FC ($/mo) + CRA ($/mo) - ‐ NESC ($/mo) - ‐ OPC ($/mo) + CPA where : FPP = Fixed Project Payment, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part A FOM = Fixed Operations & Maintenance Payment, expressed in dollars per month for the Project Cost categories listed in Exhibit 5.2(d), Part B VOM = Variable Operations & Maintenance Payment, expressed in dollars per kilowatt hour, for the Project Cost categories listed in Exhibit 5.2(d), Part C FC = Fuel Cost Payment, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d) Part D CRA = Capital Replacement and Additions, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part E NESC = Net Energy Sales Credit, expressed in dollars per month OPC = Other Products Credit, expressed in dollars per month, for the Project Cost categories listed in Exhibit 5.2(d), Part F CPA= CPA = Contract Price Adjustment, expressed in dollars per month, as defined in section 5.2(d)(viii5.2(b)(ix)5.2(b)(ix)5.2(d)(viii).