Market Price Referent. (“MPR”) The actual price under the PPA is confidential, market-sensitive information. However, the PPA price is below the 20-year 2011 MPR for projects with a 201813 commercial online date (“COD”) adopted in Resolution E-4442 on December 1, 2011. Total cost information is discussed in Confidential Appendix D.
Market Price Referent. While the actual price under the PPA is confidential, market-sensitive information, PG&E will indicate that the price under the PPA exceeds the 20-year 2009 MPR for projects with a 2011 commercial online date adopted in Resolution E-4298 on December 17, 2009. Total cost information is discussed in Confidential Appendix D. As discussed above in the LCBF section, the overall reasonableness of the PPA was examined using the same comparison tools as RPS transactions resulting from the 2009 RPS Solicitation. PG&E compared the price and net market value of the Project to offers resulting from the 2009 RPS Solicitation, recently executed contracts and other bilateral offers currently being made to PG&E as detailed in Confidential Appendices A and D. As discussed in the section entitled “Independent Evaluator” below, PG&E employed Xxxxx X. Xxxxxx from Merrimack Energy Group, Inc., to be the Independent Evaluator (“IE”) of this Project.10 The IE stated in its report attached in Appendix H that the Project offers a contract price that is competitive with recent bids received in the 2009 RPS solicitation, as well as bilateral contracts offered, and the PPA merits CPUC approval.
Market Price Referent. (“MPR”) The actual price under the PPA is confidential, market sensitive information. PG&E will indicate that the XXX-adjusted price under the PPA is above the applicable 2009 XXX- adjusted MPR adopted in Resolution E-4298 on December 17, 2009. As mentioned above, however, the price for the power under the PPA is not subject to XXX adjustments. PG&E compared the price and net market value of the Project to offers resulting from the 2009 RPS Solicitation, recently executed contracts and other bilateral offers made to PG&E as detailed in Confidential Appendices A and D. As discussed in the section entitled “Independent Evaluator” below, PG&E employed Xxxxx Xxxxxxxxx from Xxxxxx Seco Consulting to be the Independent Evaluator (“IE”) of this Project. The IE stated in its report attached in Appendix H that the Project offers a moderate contract price and the PPA merits CPUC approval.
Market Price Referent. (“MPR”) The actual price under the PPA is confidential, market sensitive information. Since the project has a full commercial online date of July 1, 2015, PG&E has compared the price to the 2009 MPR for projects with a 2015 commercial operation date. Since a portion of the project also has a guaranteed online date of 12 months after the effective date (likely by December 31, 2012), PG&E has also compared the price to the 2009 MPR for 2013 projects. The PPA price is below the 25-year 2009 MPR for projects with 2013 commercial online dates and 2015 commercial operation dates adopted in Resolution E-4298 on December 17, 2009. Total cost information is discussed in Confidential Appendix D. As discussed above in the LCBF section, the overall reasonableness of the PPA was examined using the same comparison tools as with RPS transactions resulting from the 2009 RPS Solicitation. PG&E compared the price and net market value of the Project to offers resulting from the 2009 RPS Solicitation, recently executed contracts, and other bilateral offers currently being made to PG&E as detailed in Confidential Appendices A and D. As discussed in the section entitled “Independent Evaluator” below, PG&E employed Xxxxx Xxxxxxxxx from Xxxxxx Seco Consulting to be the Independent Evaluator (“IE”) of this Project. The IE determined that the PPA provides a moderate net valuation, moderate portfolio fit, and high project viability. Thus, the IE concluded that the PPA merits CPUC approval.
Market Price Referent. The actual price under the Amended PPA is confidential, market-sensitive information. It is appropriate to compare the price in the Amended PPA with the most recently approved market-price referent (“MPR”) which is the 2011 MPR established in Resolution E-4442 on December 1, 2011. The price under the Amended PPA is above the applicable 2011 MPR. Total cost information is discussed in Confidential Appendices A and D.
Market Price Referent. The actual price under the A&R PPA is confidential, market-sensitive information. As the A&R PPA involves an increase in the contract price, it is appropriate to compare the amended price with the most recently approved market price referent (“MPR”) and the XXX factors associated with that solicitation year,4 which are the 2011 MPR established in Resolution E-4442 on December 1, 2011 and PG&E’s 2011 XXX factors. The price under the A&R PPA is above the applicable 2011 MPR. Total cost information is discussed in Confidential Appendices A and D. 4 Resolution E-4199 at 36. Advice 4048-E May 25, 2012
Market Price Referent. The actual price under the Amended and Restated PPA is confidential, market-sensitive information. As the Amended and Restated PPA involves an increase in the contract price, it is appropriate to compare the amended price with the most recently approved market price referent (“MPR”) and the XXX factors associated with that solicitation year,4 which are the 2009 MPR established in Resolution E-4298 on December 17, 2009 and PG&E’s 2009 XXX factors. While there are no XXX factors in the Amended and Restated PPA, the price under the Amended and Restated PPA is above the applicable 2009 MPR. Total cost information is discussed in Confidential Appendices A and D.
Market Price Referent. The actual price under the Amended and Restated PPA is confidential, market-sensitive information. As the Amended and Restated PPA involves an increase in the contract price, it is appropriate to compare the amended price with the most recently approved market price referent (“MPR”) and the XXX factors associated with that solicitation year,4 which are the 2009 MPR established in Resolution E-4298 on December 17, 2009 and PG&E’s 2009 XXX factors. While there are no XXX factors in the Amended and Restated PPA, the price under the Amended and Restated PPA is above the applicable 2009 MPR. Total cost information is discussed in Confidential Appendices A and D.
Market Price Referent. (“MPR”) The actual price under the PPA is confidential, market sensitive information. PG&E will indicate that the XXX-adjusted price under the PPA is above the applicable 2009 XXX- adjusted MPR adopted in Resolution E-4298 on December 17, 2009. As mentioned above, however, the price for the power under the PPA is not subject to XXX adjustments. PG&E compared the price and net market value of the Project to offers resulting from the 2009 RPS Solicitation, recently executed contracts and other bilateral offers made to PG&E as detailed in Confidential Appendices A and D. As discussed in the section entitled “Independent Evaluator” below, PG&E employed Xxxxx Xxxxxxxxx from Xxxxxx Seco Consulting to be the Independent Evaluator (“IE”) of this Project. The IE stated in its report attached in Appendix H that the Project offers a moderate contract price and the PPA merits CPUC approval.
