Topic:"Rate Design" in M13042

of Credit Exhibit ["E"](#page-94-0) - Form of Guarantee Exhibit ["F"](#page-100-0) – Not Used Exhibit ["G"](#page-101-0) – Not Used Exhibit ["H"](#page-102-0) - Calculation of Adjusted Energy Rate Capitalized terms used herein but not othe...

AI summary The document includes exhibits related to credit, a form of guarantee, and a calculation of the adjusted energy rate. It references capitalized terms defined in the General Terms and Conditions and includes a signature page.

(b) The Seller shall: - (i) For each day of the Interim Period and the Term, provide to NSPI by 8:30 am Atlantic Prevailing Time of the previous day, an hourly forecast of (i) the number of generators at the Facility that will be available...

AI summary The Seller is required to provide NSPI with hourly forecasts of generator availability and deratings, update forecasts promptly in case of changes, and provide real-time data access. Failure to comply results in a 75% reduction in the applicable rate for Net Output.

16.9 Adjustment for Post-Proposal Applicable Tariffs - a) If any Post-Proposal Applicable Tariffs are introduced, the Seller shall use Commercially Reasonable Efforts to avoid or mitigate the cost of any such Post-Proposal Applicable Tarif...

AI summary This section outlines the procedures for adjusting energy rates due to Post-Proposal Applicable Tariffs. The Seller must use commercially reasonable efforts to avoid or mitigate these tariffs. If the capital cost increases by more than 7.5%, the Seller may submit a notice to NSPI with supporting details and a proposed revised energy rate.

16.9 Adjustment for Post-Proposal Applicable Tariffs - a) If any Post-Proposal Applicable Tariffs are introduced, the Seller shall use Commercially Reasonable Efforts to avoid or mitigate the cost of any such Post-Proposal Applicable Tarif...

AI summary Section 16.9 outlines procedures for adjusting energy rates in response to Post-Proposal Applicable Tariffs. The Seller must use commercially reasonable efforts to avoid such tariffs, and if they increase capital costs by more than 7.5%, a notice must be submitted to NSPI with supporting details and a proposed revised energy rate.

Exhibit ["A"](#page-82-0) - Project Description Exhibit ["B"](#page-83-0) - Form of Confidentiality Undertaking Exhibit ["C"](#page-84-0) - Form of Project Lender Agreement Exhibit ["D"](#page-92-0) - Form of Letter of Credit Exhibit ["E"]...

AI summary The document outlines various exhibits related to a project, including confidentiality undertakings, lender agreements, letters of credit, guarantees, reimbursement agreements, zone maps, and energy rate calculations. It also references the General Terms and Conditions for capitalized terms.

where: - 1. "ER" is the indexed and adjusted Energy Rate; - 2. "ERED" is the initial Energy Rate as specified in item [4](#page-3-8) of the Commercial Terms; - 3. ERCOD is the escalated Energy Rate at COD. - 4. "CPIy" is the CPI for the mo...

AI summary The document defines key terms related to energy rates and their adjustment mechanisms, including indexed and adjusted Energy Rate (ER), initial Energy Rate (ERED), and escalated Energy Rate at COD (ERCOD). It also establishes that the Energy Rate cannot fall below the initial Energy Rate after the Effective Date.

APPENDIX D - SUMMARIZED STAKEHOLDER FEEDBACK ON PPA DRAFT #1 PPA Section Question Comment Response impact of changes to federal laws be incorporated. This could come in the way of pricing relief / pricing adjustments for such changes as ne...

AI summary Stakeholders recommend incorporating contractual mechanisms in the PPA to address risks from changes in federal laws, such as adjustments to ITCs and tariffs, which impact construction costs and material pricing. They also highlight the need for open-book price adjustment mechanisms to manage these risks fairly.