Variable Price Component Calculation. The Variable Price Component is calculated in dollars as follows: [(Monthly bidweek gas price + Intrastate gas transportation rate)/1,000,000* Heat Rate] + Variable O&M (a) Monthly bidweek gas price shall be calculated as the average of monthly bidweek gas price indices at PG&E Citygate as reported in Gas Daily, Natural Gas Intelligence, and Natural Gas Weekly (b) Intrastate gas transportation rate shall be the tariffed intrastate gas transportation rate for large electric generators as published in the PG&E Gas Tariffs G-EG and G-SUR. (c) Heat Rate, pursuant to the AB 1613 Decisions, shall be equal to: 6,924 Btu/kWh (d) Variable O&M shall be the amount in the following table for the year in which the payment is being calculated. For years after 2023, Variable O&M shall be the 2023 payment multiplied by 1.02, compounded for each year beyond 2023.
Appears in 2 contracts
Sources: Power Purchase and Sale Agreement, Power Purchase and Sale Agreement