Common use of Special Contracts Clause in Contracts

Special Contracts. Special contract customers who wish to retain the benefits of their existing contracts should have the opportunity to do so after Competition Day. All customers served under special contracts in existence as of Competition Day may elect one of the following options on a one-time basis: They may "opt out" of their contract as provided by their contract, receive market energy and take other services under tariffed rates. They may retain their contract at Competition Day at prices dictated by the contract and receive Transition Service and, thereafter, Default Service for the remainder of the contract term. No additional payments will be required for Transition or Default Service energy. They may have their contracts unbundled by subtracting 3.7 cents per kWh from their contract rates and receive energy from a competitive supplier for the remaining term of their contract. All other provisions of their contract will remain in effect.