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HomeMy WebLinkAbout20141121Initial Comments.pdfDONOVAN E. WALKER Lead Gounsel fii:ci:l1it:. ?filr' t{0V A0 pH S: 00 u T r Ll?fd s'-iill,i Hi i *s r,., r, ^llmloNPO1TER= An IDACORP Company November 20,2014 VIA HAND DELIVERY Jean D. Jewell, Secretary Idaho Public Utilities Commission 472 West Washington Street Boise, ldaho 83702 Re: Case No. IPC-E-14-31 Clark Solar 4, LLC - ldaho Power Company's lnitial Comments Dear Ms. Jewell: Enclosed for filing please find an original and seven (7) copies of ldaho Power Company's lnitial Comments in the above matter. DEW:csb Enclosures 1221 W. ldaho St. (83702) P.O. Box 70 Boise, lD 83707 Donovan E. Walker DONOVAN E. WALKER (lSB No. 5921) Idaho Power Company 1221West ldaho Street (83702\ P.O. Box 70 Boise, ldaho 83707 Telephone: (208) 388-5317 Facsimile: (208) 388-6936 dwalker@idahopower.com Attorney for ldaho Power Company IN THE MATTER OF THE APPLICATION OF IDAHO POWER COMPANY FOR APPROVAL OR REJECTION OF AN ENERGY SALES AGREEMENT WITH CLARK SOLAR 4, LLC FOR THE SALE AND PURCHASE OF ELECTRIC ENERGY. i ''" 11 .') r ,.-. !,., r_. I , : iillrt l{0Y 20 Plt 5: 00 ir'c IlL,'.i;L- : '.. .i..ii ilLlrli::i illl,ri,i ;i;:r-;i'r BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION CASE NO. IPC-E-14-31 IDAHO POWER COMPANY'S INITIAL COMMENTS ldaho Power Company ("ldaho Powe/' or "Company") hereby respectfully submits the following lnitial Comments to the ldaho Public Utilities Commission ("Commission") in the above-referenced matter: 1. The Comments of the Commission Staff ("Staff') from Case No. IPC-E-14-19 (Grand View Solar) and Case No. IPC-E-14-20 (Boise City Solar) recommended that the rates contained in the Energy Sales Agreement ('ESA') between ldaho Power and each solar qualifying facility ("QF') be revised to account for energy cost computation issues identified by Staff. Staff recommended two modifications, related to assumptions about the fuel forecast and assumptions about displaceable IDAHO POWER COMPANY'S INITIAL COMMENTS - 1 resources, to the computation of avoided cost rates utilized by the approved lncremental Cost lntegrated Resource Plan Methodology. Idaho Power incorporated Staffs recommended adjustments into the model, and submitted replacement pricing for each ESA. Each QF agreed to replace the pricing in its respective ESA with the replacement pricing that incorporated the revisions recommended by Staff. The Commission then subsequently approved each modified ESA containing the replacement pricing. Order No. 33179 (Grand View Solar); Order No. 33180 (Boise City Solar). 2. Clark Solar 4, LLC, has requested that ldaho Power re-run the pricing contained in its ESA to incorporate Staffs recommended adjustments from the Grand View Solar and Boise City Solar cases. ldaho Power has revised the rates in Clark Solar 4, LLC's ESA to incorporate Staffs recommended adjustments. ldaho Power has generated a Replacement Appendix E to the ESA which contains the revised prices. The Replacement Appendix E is submitted herewith as Attachment 1 in both clean and redlined format. Additionally, included as Attachment 2, in both clean and redlined format, are several replacement pages of the ESA that contain the necessary changes to incorporate the Replacement Appendix E into the ESA. 3. For comparison purposes, the 20-year levelized rate for the ESA as originally submitted is $61.07/megawatt-hour ('MWh") and the rate from the Replacement Appendix E is $60.87/MWh. The estimated 2O-year contractual obligation based upon the originally submitted prices is $68,154,665 and the estimated 2O-year contractual obligation with the revised prices is $67,863,931. The Ievelized integration charge contained in the ESA is the same in both instances at $5.21lMWh. IDAHO POWER COMPANY'S INITIAL COMMENTS - 2 4. Based upon the Commission's decision in Order No. 33159, Case No. IPC-E-1 4-22, confirming July 2021 as the Company's capacity deficiency period for use in the lncremental Cost Integrated Resource Plan Methodology, ldaho Power has not submitted a Replacement Appendix F and has deleted reference to the alternative pricing Appendix F in the replacement ESA pages submitted herewith in Attachment 2. ldaho Power is not cunently aware of whether Clark Solar 4, LLC, wishes to continue to pursue its argument that the Commission adopt the alternative pricing from Appendix F that utilized a capacity deficit of July 2016. Additionally, ldaho Power is not curently aware of whether Clark Solar 4, LLC, agrees to adopt the Replacement Appendix E which incorporates Staffs recommended changes to the pricing model. Respectfully submitted this 20th day of November 2014. Attorney for ldaho Power Company IDAHO POWER COMPANY'S INITIAL COMMENTS - 3 CERTIFICATE OF SERVICE I HEREBY CERTIFY that on the 20th day of November 2014 t served a true and correct copy of IDAHO POWER COMPANY'S lNlTlAL COMMENTS upon the following named parties by the method indicated below, and addressed to the following: Commission Staff Kristine A. Sasser Deputy Attomey Genera! ldaho Public Utilities Commission 472 West Washington (83702) P.O. Box 83720 Boise, ldaho 83720-007 4 Clark Solar 4, LLC Dean J. Miller McDEVITT & MILLER, LLP 420 West Bannock Boise, ldaho 83702 Mark van Gulik Clark Solar 4, LLC P.O. Box 7354 Boise, ldaho 83707 X Hand Delivered U.S. Mail Overnight Mail FAXX Email kris. sasser@puc. idaho.qov Hand Delivered U.S. Mail Overnight Mail FAXX Email ioe@mcdevitt-miller.com _Hand Delivered U.S. Mail Overnight Mail FAXX Email mvanqulik@sunerqvworld.com IDAHO POWER COMPANY'S INITIAL COMMENTS - 4 BEFORE THE IDAHO PUBLIG UTILITIES COMMISSION CASE NO. IPC.E.1+31 IDAHO POWER COMPANY ATTACHMENT 1 CLEAN FORMAT REPLACEMENT APPENDIX E SOLAR FACILITY ENERGY PRICES AND INTEGRATION CHARGES (Prices based upon the energy shape and capacity specified in Appendix I) E-l Base Enersy Purchase Prices - For all Base Energy received during Heavy Load Hours Idaho Power shall pay the Base Energy Heavy Load Purchase Price less the Solar Integration Charge specified below and for all Base Energy received during Light Load Hours Idaho Power shall pay the Base Energy Light Load Purchase Price less the Solar Integration Charge specified below. All of these prices are subject to revision as specified within paragraph 7.5. Base Energy Heavy Load Purchase Price MontMYear (Mills/kWh) Base Energy Light Solar Integration LoadPurchase Price Charge(Mills&Wh) (Mills/kWh) Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-lT Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 $33.51 s33.81 $34. I 1 s34.41 $34.71 $3s.01 s3s.31 $35.61 $3s.91 $36.20 $36.50 $36.80 $37.10 s37.40 $37.70 $38.00 $38.30 $38.60 $38.89 $39.19 $39.49 $39.79 $40.09 $40.39 $40.69 s40.99 s41.28 $30.76 $3 r.04 $31.32 $31.61 $31.89 s32.17 $32.46 $32.74 $33.02 $33.30 $33.59 s33.87 $34.15 $34.44 s34.72 $3s.00 $35.29 $35.s7 s3s.85 $36.14 $36.42 $36.70 s36.99 s37.27 s37.ss $37.84 $38.12 $4.01 $4.01 $4.01 $4.01 $4.01 $4.0r s4.01 $4.01 $4.01 $4.01 $4.01 s4.01 $4.13 $4.13 $4.13 $4.13 $4.13 s4.13 $4.13 $4.13 s4.13 $4.13 $4.13 s4.13 $4.25 $4.25 $4.2s 47 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Octl9 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Ja*22 Feb-22 Mar-22 $41.s8 $41.88 s42.r8 $42.48 $42.78 $43.08 $43.38 $43.68 $43.97 s44.27 $44.57 $44.87 $45. r 7 s4s.47 $4s.77 $46.07 $46.37 $46.66 $46.96 $47.26 $47.56 $47.86 s48.16 s48.46 $48.76 $49.0s $49.3s $49.65 $49.95 $s0.25 $50.ss $s0.8s $s l.l5 $s 1.4s $s1.74 $52.04 $s2.34 $s2.il $s2.94 ss3.24 $s3.s4 $s3.84 $54.14 $54.43 $s4.73 ss5.03 s55.33 $ss.63 s38.40 s38.69 s38.97 $39.2s $39.54 s39.82 M0.10 $40.38 s40.67 $40.9s $41.23 $41.52 $41.80 $42.08 $42.37 s42.65 $42.93 M3.22 $43.s0 $43.78 s44.07 $44.35 $44.63 $44.92 $4s.20 $45.48 $4s.77 s46.05 $46.33 $46.62 $46.90 s47.18 $47.46 $47.7s $48.03 $48.31 $48.60 s48.88 $49.16 $49.45 $49.73 ss0.01 $50.30 $50.58 $s0.86 $51.15 $51.43 $s r.7l fl4.2s $4.2s $4.25 $4.25 $4.2s $4.25 $4.2s M.2s M.2s $4.38 $4.38 $4.38 $4.38 $4.38 $4.38 $4.38 $4.38 $4.38 $4.38 $4.38 $4.38 $4.51 $4.s1 $4.51 $4.sr $4.51 M.sl $4.s 1 $4.51 $4.s1 $4.s1 $4.s1 s4.sl $4.64 s4.64 84.64 94.64 $4.& $4.il $4.U $4.64 s4.64 s4.64 $4.64 $4.64 $4.78 $4.78 $4.78 48 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sey22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 lan-24 Feb-24 Mar-24 Apr-24 May-24 Jwr-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 s55.93 $s6.23 $56.53 s56.82 $s7.12 $s7.42 s57.72 $58.02 $s8.32 $s8.62 $s8.92 $s9.22 $s9.51 $59.81 $60.11 $60.41 $60.71 s61.0r $61.31 $61.61 $61.91 $62.20 $62.50 $62.80 $63.10 s63.40 $63.70 $64.00 $64.30 $64.59 $64.89 $6s.19 $65.49 $65.79 $66.09 $66.39 $66.69 $66.99 $67.28 $67.s8 $67.88 $68.r8 $68.48 $68.78 $69.08 $69.38 $69.68 $69.97 s52.00 $s2.28 $s2.s6 s52.85 $53.13 $s3.41 ss3.70 s53.98 s54.26 ss4.54 $s4.83 sss. l r sss.39 $5s.68 sss.96 ss6.24 $s6.s3 $s6.81 $57.09 $s7.38 $s7.66 $s7.94 $58.23 $58.s1 $s8.79 $s9.08 $59.36 $59.64 $59.93 $60.21 $60.49 $60.78 $61.06 $61.34 $61.62 $61.91 $62.19 s62.47 $62.76 $63.04 s63.32 $63.61 $63.89 $64.t7 $64.46 s64.74 $65.02 $65.31 s4.78 $4.78 $4.78 $4.78 $4.78 $4.78 s4.78 $4.78 $4.78 s4.93 $4.93 s4.93 s4.e3 $4.93 s4.93 s4.93 $4.93 s4.93 $4.93 $4.93 $4.93 $s.07 $s.07 $s.07 $s.07 $s.07 $s.07 $s.07 $5.07 $s.07 $s.07 $s.07 $s.07 $5.23 $s.23 $5.23 $5.23 $5.23 $s.23 $s.23 $s.23 $s.23 s5.23 $5.23 $s.23 $5.38 ss.38 s5.38 49 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Ian-27 Feb-27 Mar-27 Apr-27 May-27 Jwr-27 Jri-27 A,tg-27 Sey27 Oct-27 Nov-27 Dec-27 Jan-28 Feb-28 Mar-28 Apr-28 May-28 Jun-28 Jul-28 Aug-28 Sep-28 Oct-28 Nov-28 Dec-28 Jan-29 Feb-29 Mar-29 Apr-29 May-29 Jun-29 Jul-29 Atg-29 Sep-29 Oct-29 Nov-29 Dec-29 Jan-30 Feb-30 Mar-30 $70.27 $70.s7 $70.87 $71.17 $7r.47 s71.77 $72.07 $72.36 $72.66 $72.96 $73.26 $73.56 $73.86 $74.16 $74.46 $74.76 $7s.0s $75.3s $7s.65 $7s.9s s76.2s $76.5s $76.85 $77.1s $77.45 s77.74 s78.04 $78.34 s78.64 s78.94 $79.24 $79.s4 $79.84 $80.13 $80.43 $80.73 $81.03 $81.33 $81.63 $81.93 s82.23 $82.53 s82.82 $83.12 s83.42 $83.72 $84.02 s84.32 $6s.59 $65.87 $66.16 s66.44 $66.72 $67.01 $67.29 $67.s7 $67.86 $68.14 $68.42 $68.70 s68.99 s69.27 $69.s5 $69.84 $70.12 s70.40 s70.69 $70.97 $7r.2s $71.s4 s71.82 $72.10 $72.39 $72.67 $72.9s $73.24 s73.s2 $73.80 $74.09 974.37 $74.65 $74.94 s7s.22 $75.50 $7s.78 $76.07 $76.35 s76.63 $76.92 $77.20 $77.48 s77.77 s78.0s $78.33 s78.62 s78.90 $s.38 $s.38 $5.38 s5.38 $s.38 $5.38 $s.38 s5.38 $5.38 $5.s5 $s.s5 $5.55 s5.55 $s.s5 s5.5s $5.s5 $s.5s $5.ss $s.ss $5.5s $s.s5 $5.71 ss.7l $5.71 $s.71 $5.7r $s.7r $s.71 $s.71 $5.71 $s.71 $s.71 $s.71 $5.88 $s.88 $s.88 $s.88 $5.88 $s.88 $5.88 $s.88 $s.88 $s.88 $s.88 $s.88 s6.06 $6.06 s6.06 50 Apr-30 May-30 Jun-30 Jul-30 Aug-30 Sep-30 Oct-30 Nov-30 Dec-30 Jan-3 I Feb-3 I Mar-31 Apr-31 May-31 Jun-31 Jul-3 I Aug-31 Sep-31 Oct-31 Nov-31 Dec-31 Jan-32 Feb-32 Mar-32 Apr-32 May-32 Jun-32 Jut-32 A.tg-32 Sep-32 Oct-32 Nov-32 Dec-32 Jan-33 Feb-33 Mar-33 Apr-33 May-33 Jun-33 Jul-33 Aug-33 Sep-33 Oct-33 Nov-33 Dec-33 Jan-34 Feb-34 Mar-34 $84.62 s84.92 $85.22 $8s.sl $8s.81 $86.1I s86.41 $86.71 $87.01 $87.31 $87.61 s87.90 $88.20 $88.s0 $88.80 s89. l0 s89.40 $89.70 $e0.00 $90.30 s90.59 $90.89 $91.19 $91.49 $91.79 $92.09 s92.39 s92.69 $92.99 $93.28 $93.58 $93.88 $94.18 s94.48 s94.78 $9s.08 s95.38 $9s.67 $95.97 $96.27 $96.57 $96.87 $97.t7 $97.47 $97.77 $98.07 $98.36 $98.66 $79.18 $79.47 s79.75 $80.03 s80.32 s80.60 $80.88 $81.17 s81.45 $81.73 $82.02 $82.30 $82.s8 s82.86 s83.15 $83.43 $83.71 $84.00 $84.28 $84.s6 $84.85 $8s.13 $85.41 $8s.70 $8s.98 s86.26 $86.s5 $86.83 $87.1l $87.40 s87.68 $87.96 $88.2s $88.s3 $88.81 $89.r0 $89.38 s89.66 s89.94 s90.23 $90.s1 s90.79 $9r.08 $91.36 $91.64 $91.93 s92.21 $92.49 s6.06 $6.06 $6.06 $6.06 s6.06 $6.06 s6.06 s6.06 s6.06 s6.24 $6.24 $6.24 s6.24 s6.24 s6.24 s6.24 $6.24 s6.24 $6.24 s6.24 s6.24 s6.43 s6.43 s6.43 s6.43 $6.43 s6.43 $6.43 $6.43 s6.43 $6.43 $6.43 s6.43 $6.62 $6.62 $6.62 $6.62 $6.62 $6.62 $6.62 s6.62 $6.62 $6.62 $6.62 $6.62 $6.82 $6.82 $6.82 5l Apr-34 May-34 Jun-34 Jul-34 Aug-34 Sep-34 Oct-34 Nov-34 Dec-34 Jan-35 Feb-35 Mar-35 Apr-35 May-35 Jun-35 Jul-35 Aug-35 Sep-35 Oct-35 Nov-35 Dec-35 Jan-36 Feb-36 Mar-36 Apr-36 May-36 Jun-36 Jul-36 Aug-36 Sep-36 Oct-36 Nov-36 Dec-36 $98.96 s99.26 $99.s6 s99.86 s100.16 $100.46 $100.76 $r01.0s $101.35 $101.65 $101.9s $r02.2s $102.ss $102.8s $103.1s s103.44 s103.74 s104.04 s104.34 $104.64 $104.94 s105.24 $105.54 $105.84 $r06.14 $106.45 s106.7s $107.05 $107.36 $107.67 $r07.97 $108.28 sl08.s9 s92.78 $93.06 $93.34 $93.63 $93.91 $94.19 $94.48 s94.76 $95.04 $9s.33 $95.61 $9s.89 $96.18 $96.46 $96.74 $97.02 $97.3 r $97.s9 $97.87 $98.16 $98.44 $98.72 $99.01 $99.30 $99.s8 $99.87 $r00.16 s100.45 $100.74 $101.03 $101.32 $101.61 $r01.90 $6.82 $6.82 $6.82 $6.82 $6.82 $6.82 $6.82 $6.82 $6.82 $7.02 $7.02 $7.02 $7.02 s7.02 $7.02 s7.02 $7.02 $7.02 s7.02 $7.02 s7.02 s7.24 $7.24 s7.24 $7.24 97.24 s7.24 s7.24 $7.24 s7.24 s7.24 $7.24 s7.24 52 REDLINED FORMAT E-t REPLACEMENT APPENDIX E SOLAR FACILITY ENERGY PRICES AND INTEGRATION CHARGES (Prices based upon the energy shape and capacity specified in Appendix I) Base Enere], Purchase Prices - For all Base Energy received during Heavy Load Hours Idaho Power shall pay the Base Energy Heavy Load Purchase Price less the Solar Integration Charge specified below and for all Base Energy received during Light Load Hours Idaho Power shall pay the Base Energy Light Load Purchase Price less the Solar Integration Charge specified below. All of these prices are subject to revision as specified within paragraph 7.5. Base Energy Heavy Load Purchase Price MontMYear (Mills/kWh) Jan-16 $33.s1$3258 Feb-16 $33.81$32J8 Mar-16 $34.11$33=29 Apr-16 $34.41$}}50 May-16 $34.71$33+t Jun-16 $35.01$31.22 Jul-16 $3s.31$31-.53 Aug-16 $35.61$31-&t Sep-16 $35.91$5=fs Oct-16 $36.20$35+16 Nov-16 $36.50$35+7 Dec-16 $36.80$3638 Jan-17 $37.10$3639 Feb-17 $37.40$m Mar-17 $37.70$3++t Apr-17 $38.00$3732 May-17 $38.30$3+52 Jun-17 $38.60$#-93 Jul-17 $38.89$38*+ Aug-17 $39.19$3855 Sep-17 $39.49$38-86 Oct-17 S39.79$39;F Nov-17 $40.09$9/A Dec-17 $40.39$39#9 Jan-18 $40.69$40-10 Feb-18 $40.99$40+4+ Mar-18 $41.28$4432 Base Energy Light Solar Integration Load Purchase Price Charge(MillslkWh) (Mills/kWh) $30.76#e#+ $3r.04$+s $31.32$+85 $31.61$+K+ $31.89$3:t93 $32.17$3*Z $32.46$3250 s32.74$323{^ s33.02$3338 $33.30$33-3+ $33.s9$3#6 $33.87$33J5 $34.r5$+r-31 s34.44$t452 $34.72$WL $35.00$5=re $35.29$s $3s.s7$3# $3s.85$3s $36.14$3#6 $36.42W $36.70$3#3 $36.99$# $37.27$+?-4+ $37.ss$3+JO $37.84$# $38.12$3s $4.01 $4.01 $4.0r $4.01 $4.01 $4.01 $4.01 $4.01 $4.01 $4.01 s4.01 s4.01 $4.13 $4.13 $4.13 $4.13 $4.13 $4.13 $4.13 $4.r3 $4.13 $4.13 $4.13 $4.13 $4.2s $4.2s 94.2s 47 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 $41.58$4{-e3 $4r.88$4r3r $42.18$4t-65 $42.48$4rs $42.78WX $43.08$425+ $43.38$42*8 $43.68$4# s43.97$4H $44.27W8+ $44.s7$44+2 $44.87$444t $4s.17$4434 $4s.47$4+0s $4s.77$M $46.07y# $46.37$4+98 $46.66W s46.96$4m $47.26$49 $47.s6$H $47.86$41-* $48.16$++*+ $48.46$48-14 $48.76$4&4s $49.0s$48#6 $49.3s$49S+ $49.6s$.4H $49.95$49'69 $s0.2s$5+e0 $50.ss$sBr $s0.8s$se# $sl.l5$50J3 $sl.4s$sr3r ss1.74$+Fr $52.04$S-85 ss2.34$# $s2.64$s? $s2.94$s+78 $s3.24$# $s3.s4$sJe $s3.84$#r $54.14$#S3 $s4.43$rr.33 ss4.73$sW $55.03$tt.95 $55.33$ss ss5.63$s# $38.40$38J+ $38.69$38*s $38.97$3+14 $39.2s$3rys $39.54r$39#2 $39.82$40+r $40.10$.4m M0.38$4059 $40.67$40*+ $40.95$4-l-+6 $41.23$4t=45 s4r.s2$4+34 $4L8g$42$3 $42.08$H? $42.37W# $42.6s$42+- $42.93$43=+8 $43.22$+r+7 $43.s0$43#6 $43.78$44S5 s44.07$4414 $44.3s$44$t $44.63$44++ s44.92y# $4s.20y*9 $4s.48$4s+8, $4s.77y*7 s46.0s$4s6 $46.33$4# $46.62$4s $46.90$41-L2 $4Z.rA$++S+ $47.46$41-rF- $47.7s$48S9 $48.03$4838 $48.31$48#+ $48.60$4&96 s48.88$4+24 s49.16$49s3 $49.45$49*2 s49.73$5e-+ $50.01$50+t0 $s0.30$se59 $s0.58$s0J8 $s0.86$+s $5 1. 15$51-55 ssl.43$5r*4 $sl.7l$5+r3 s4.25 s4.25 $4.2s 94.25 $4.2s $4.25 $4.2s $4.2s $4.25 $4.38 $4.38 $4.38 $4.38 $4.38 $4.38 s4.38 s4.38 $4.38 $4.38 s4.38 $4.38 $4.51 $4.51 $4.51 $4.s1 $4.51 $4.51 $4.s r $4.51 $4.s1 $4.51 s4.51 s4.sl s4.& 94.il s4.64 $4.64 $4.64 54.& $4.@ 94.@ $4.64 $4.64 $4.64 s4.64 $4.78 $4.78 $4.78 48 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Ja*25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jarr26 Feb-26 Mar-26 $5s.e3$s# $s6.23$s# $56.53$56,49 $s6.82$5ffi $57.12$+l+ $s7.42$#2 $57.72$5113 $s8.02$s8+r $s8.32$s83s $58.62$s856 $58.92$589+ $s9.22$gX $59.51$s959 $59.E1$seJ0 $60.1l$60+r $60.41$60s2 $60.71$60*2 $61.01$6H $6L3-ts0l-++ s6l.6l$6H $61.91$ffi $62.20$#7 $62.5O$ffi $62.80$# $63.10$m $63.40$# $63.70$€J2 $64.00$eP3 $64.3O$An=+t $6419$648s $64.89$6+16 $65.r9$5*17 $65.49$65++ $6s.79$66S8 $66.09$6s $66.39$6m $66.69$s+r $66.99$#Z $67.28$# $67.58$6+Jzl s67.88$6Hs $68.18$68J6 $68.48$68*+ $68.78$69,18 $69.08$69+19 $69.38$69*e $69.68$+OJ+ s69.97$e4+ $52-oo$s2+2 $s2.28$s2+r $s2.s6$s3s $s2.85$s $53.tlgs+s+ s53.41$53=86 $gJqs*us $s3.98$+H u42gss43+ ss4.s4$# $s4.83$s#r $ss.r l$s# $5L39$55=88 $5s.68$s6# $ss.96$56/6 $56.24$s6+s s56.53$s+44 $s6.81$s+'33 $57.09$s+5r $5L3!$s7Je $s7.66$5&19 $57.94$s8+tg $s8.23$s8+7 $58.s1$s9s6 $58.79$sHs $s9.08$s9# $s9.36$s992 $s9.64$6Br $59.93$605e $60.2r$6m $6019$6ts8 $60.78$6W $61.06$6K $61.34$6+94 $61.62$Wt $6r.91$629 $62.r9$e&r $62.47$rts#._$62.7W $63.04$ffi $63.32$# $63.61$Aps $63.89$el+r $64.17$e183 $64.46$6+2 $64.74$6s4+ $6s.02$M $6s.31$6sJ8 $4.78 s4.78 s4.78 s4.78 $4.78 $4.78 $4.78 s4.78 s4.78 $4.93 $4.93 $4.93 $4.93 $4.93 $4.93 $4.93 $4.93 $4.93 $4.93 $4.93 $4.93 $s.07 $5.07 $5.07 ss.07 $5.07 ss.07 s5.07 s5.07 ss.07 s5.07 ss.07 $5.07 $5.23 ss.23 s5.23 $s.23 $5.23 $5.23 $5.23 $s.23 $s.23 $s.23 $5.23 ss.23 $5.38 $5.38 $5.38 49 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 Apr-27 May-27 Jrxr-27 Jrl-27 Aug-27 Sep-27 Oct-27 Nov-27 Dec-27 Jan-28 Feb-28 Mar-28 Apr-28 May-28 Jun-28 Jul-28 Aug-28 Sep-28 Oct-28 Nov-28 Dec-28 Jan-29 Feb-29 Mar-29 Apr-29 May-29 Jun-29 Jul-29 Aug-29 Sep-29 Oct-29 Nov-29 Dec-29 Jan-30 Feb-30 Mar-30 s70.2797€32 $70.s7$+g $70.87$+134 $71.17$+r# $71.47$1# $71.77$4+7 $72.07$#258 s72.36$12+9_ $72.66$71i#^^ $72.96$135+ $73.26$11+2 $73.56pH w#1444 v_4-16$74 $74.46$++05 $74.7ffi# s75.0s$75;6+ $7s.3s$+s $7s.6s$+639 $7s.95ffi $76.2s$7*L s76.ss$1+2 $76.8s$7+53 $77.rsw*4 $77.4swrs $tt.t+$#a46 $78.04$+8-7+ $78.34$7948 $78.64$7ry $78.94W $79.24$8e$0 $79.s4$8Br $79.84$8e52 $80.13$8eJ3 $80.43$&pr $80.73$$Hs $81.03$&# $81.33$8+r+ $81.63$82+A $8r.93$82#9 $82.23$8+10 $82.53$83+l'+ $82.82$8#2 $83.r2$&Le3 $83.42$&g s83.72Ws $84.02$&t.95 $84.32$8# $6s.s9$66J+ $6s.87$6# $66.16$6#s $66.44$6++4 $66.72$H1 s67.0r$61J2 $67.29$68S+ $67.s7$68+9 $67.86$6858 $68.14$68*+ $68.42$6+16 $68.70$69++5 $5!.q9$6e#4 $69.27$+eS3 $69.5s$+Br $69.84$A060 $70.12$+0*9 $70.40$+rJ8 $70.69$+147 $70.9791+34 $71.2s$+2# $7r.s4&7+t4 $71.82W# s72.10$125+ $72.3e$,1?p. $72.67$1144 $729s$33A $73.24514+7 s73.s2$1# $73.80$7t.64 $74.09$7451 $74.37$#5+2 s74.6s$+#r $74.94$75-8e $7s.22$1# $7s.50$79 $7s.78W s76.07y# $76.3s91424 $76.63W.* $76.92$71+2 $77.20$78.t+ $77.48$78:4e $77.77$q8+a $78.0s$+8'9+ $78.33$79J6 $78.62$79s5 $78.90$+9*4 $s.38 $s.38 $s.38 $5.38 $s.38 $s.38 $5.38 $s.38 $s.38 $s.55 $s.ss $s.5s ss.ss $5.s5 $5.s5 $s.5s s5.55 $s.ss $5.ss $s.5s ss.ss s5.71 $5.71 $s.7r $5.71 $s.71 $5.71 $5.71 $5.71 $s.71 $s.71 $5.71 $5.71 $5.88 $s.88 $s.88 $5.88 $s.88 $s.88 $5.88 $s.88 $5.88 $s.88 $s.88 $5.88 $6.06 $6.06 $6.06 50 Apr-30 May-30 Jun-30 Jul-30 Aug-30 Sep-30 Oct-30 Nov-30 Dec-30 Jan-31 Feb-31 Mar-31 Apr-31 May-31 Jun-31 Jul-31 Aug-31 Sep-31 Oct-31 Nov-31 Dec-31 Jan-32 Feb-32 Mar-32 Apr-32 May-32 Jun-32 Jul-32 Aug-32 Sep-32 Oct-32 Nov-32 Dec-32 Jan-33 Feb-33 Mar-33 Apr-33 May-33 Jun-33 Jul-33 Aug-33 Sep-33 Oct-33 Nov-33 Dec-33 Jan-34 Feb-34 Mar-34 $84.62$8# $84.92$8# $85.22$86-t9 $8s.s1$86se $8s.81$86#r $86.r r$8+p $s0.+t$s+.a3 $86.71$S+Jrt $87.01$88Ss $87.3 l$88,36 $87.6r$88# $87.90$889+ $88.20$8H $88.50$8959 $88.80$89Je $89.10$9Br $89.40$90s2 $89.70$9e-83 $90.00$91-+4 $90.30$91# $90.s9$91# $9Q.s9$e347 $91.r9$9238 $9r.49$9259 $91.79$93+0 $92.09$93+r $92.39$93=6t $92.69$93J2 $92.99Wt $93.28$ry1+[ $93.58$ry18s $93.88$9# $94.18$95+17 $94.4S$ffi $94.78$9S $95.08$96++0 $9s.38$%#+ $9s.67$97$2 $9s.97W1 $96.27$ry-& $96.s7$9+'9s $96.87$98-26 $97.17$9856 $97.47$98,8+ $97.77$9W $98.07$99+ts $98.36$99,8e $98.66$re+++ $79.18$80-B $79.47$f0+2 $79J5$8e#e $80.03$8eJ9 $80.32$$H $80.60$&H $80.89$&H6 $E_UUSS2-+5 $81.45$82+14 $81.73$82-73 $E2-82$8+e+ $82.30$8H $tzs.gssg,sg $E2.8_6$83-88 $83.15$84r+ $83.43$&K $83.71$&t=+5 $84.00$8ss3 $84.28$8# $84.56$85+r $84.8s$8s $85.13$8# $8s.4r$8# $85.70$86#+ $8s.98$8+Ss $86.26$8+J4 $86.55$87s $86.83$8?J2 $87.1 l$88-4 $E7.40$88Je $87.68$88#9 $87.96$89S+ s88.25$8936 $88.s3$895s $E!.El$See+ $89.10$90+3 $89.38$9es2 $89.66$90+r s89.94$+l# $90.23$+H $90.51$+H $90.79$qs $91.08$92Js $9r.36$9254 $91.64$92*3 $91.93$9# $92.2r99+AO s92.49W# $6.06 s6.06 s6.06 $6.06 $6.06 $6.06 $6.06 s6.06 $6.06 s6.24 $6.24 96.24 $6.24 $6.24 s6.24 $6.24 $6.24 $6.24 $6.24 s6.24 $6.24 $6.43 $6.43 $6.43 $6.43 $6.43 $6.43 $6.43 s6.43 $6.43 s6.43 $6.43 $6.43 $6.62 $6.62 $6.62 s6.62 $6.62 s6.62 s6.62 s6.62 $6.62 s6.62 s6.62 s6.62 $6.82 $6.82 $6.82 5l Apr-34 May-34 Jun-34 Jul-34 Aug-34 Sep34 Oct-34 Nov-34 Dec-34 Jan-35 Feb-35 Mar-35 Apr-35 May-35 Jun-35 Jul-35 Aug-35 Sep-35 Oct-35 Nov-35 Dec-35 Jan-36 Feb-36 Mar-36 Apr-36 May-36 Jun-36 Jul-36 Aug-36 Sep-36 Oct-36 Nov-36 Dec-36 $98.96${€0+12 $99.26$rW3 $99.56$r+g $99.86${+H $100.16$r+K s100.46$++s $100.76${eH $10r.05$+{)259 $l0l.3s$re2Je $r0l.6s$+eHe $101.95$+€3J+ $102.25$+€+82 $102.s5$+gH $102.85$J44:44 $103.15$.1+t.+5 $103.44$+e# $r03.74$los3+ s104.04$1{s#8 $104.34$+e#9 $104.64$+e63e $104.94${#} $105.24$rss $10s.s4${€+33 $105.84$+4+Jzt $106.14$+€+85 $106.45$+e8=g $106.75$+e8++8 $107.05$+.08=8e $107.36$+e9-r+ $107.67$l€ry3 $107.97$+OH $108.28$r-lss7 $108.s9$++e39 $92.78$93J8 $93.06$&{.2+ $93.34$ryH6 $93.63$9+,85 $93.91$9+r4 $94.19$95++2 $94.48$9s+r $94.76$m $95.04$99 $95.33$9ffi $9s.6r$w $9s.89$9+16 $96.18$9++4 $96.46$9731 $96.74$98S2 $97.02$983r $97.3r$985e $97.59$98,89 $97.87$9H $98.16$99+++ $98.44$99175 $98.72${e0+r $99.01$reB3 $99.30$+€0# s99.s8${4093 s99.87$++pr $r00.16$+sH0 s100.45$+0r-8e $100.74$102$9 $101.03$+e239 $101.32$le2i9 $101.6r$1e2J8 $10r.90${M $6.82 $6.82 s6.82 $6.82 s6.82 $6.82 $6.82 $6.82 $6.82 $7.02 97.02 $7.02 $7.02 $7.02 $7.02 s7.02 $7.02 $7.02 $7.02 s7.02 $7.02 s7.24 $7.24 $7.24 s7.24 s7.24 s7.24 s7.24 $7.24 s7.24 s7.24 $7.24 s7.24 52 BEFORE THE IDAHO PUBLIC UTILITIES COMMISSION GASE NO. IPC-E-14-31 IDAHO POWER COMPANY ATTACHMENT 2 CLEAN FORMAT Article I 2 3 4 5 6 7 8 9 l0 1l t2 13 t4 l5 l6 t7 l8 t9 20 2t 22 23 24 25 26 27 28 29 ENERGY SALES AGREEMENT BETWEEN IDAHO POWER COMPANY AND CLARK SOLAR 4,LLC TABLE OF CONTENTS TITLE Definitions No Reliance on Idaho Power Warranties Conditions to Acceptance of Energy Term and Operation Date Purchase and Sale ofNet Energy Purchase Price and Method of Payment Environmental Attributes Facility and Interconnection Metering, Metering Communications and SCADA Telemetry Records Operations Indemnifi cation and Insurance Force Majeure Liability; Dedication Several Obligations Waiver Choice of Laws and Venue Disputes and Default Govemmental Authorization Commission Order Successors and Assigns Modification Taxes Notices and Authorized Agents Additional Terms and Conditions Severability Counterparts Entire Agreement Signatures Appendix A Appendix B Appendix C Appendix D Appendix E Appendix F Appendix G Appendix H Appendix I Generation Scheduling and Reporting Facility and Point of Delivery Engineer' s Certifications Forms of Liquid Security Solar Facility Energy Prices and Integration Charges Deleted in its entirety Insurance Requirements Solar Energy Production Forecasting Estimated Hourly Energy Production 1.15 "FirstEnergyDate" - The day commencing at 00:01 hours, Mountain Time, following the day that Seller has satisfied the requirements of Article IV and after the Seller requested First Energy Date. l.16 "Fo4ed O14lere" - a partial or total reduction of a) the Facility's capacity to produce and/or deliver Net Energy to the Point of Delivery, or b) Idaho Power's ability to accept Net Energy at the Point of Delivery for non-economic reasons, as a result of Idaho Power or Facility: l) equipment failure which was 4g! the result of negligence or lack of preventative maintenance, or 2) responding to a transmission provider curtailment order, or 3) unplanned preventative maintenance to repair equipment that left unrepaired, would result in failure of equipment prior to the planned maintenance period, or 4) planned maintenance or construction of the Facility or electrical lines required to serve this Facility. l.l7 "Generation Interco '- The interconnection agrcement that specifies terms, conditions and requirements of interconnecting to the Idaho Power electrical system, which will include but not be limited to all requirements as specified by Schedule 72. l.l8 "@@[99-@i!" - a complete solar pv electrical generation system within the Facility that is able to generate and deliver energy to the Point of Delivery independent of other Generation Units within the same Facility. l.l9 "Heavy Load (HL) Hours,'- The daily hours from hour ending 0700 - 2200 Mountain Time, (16 hours) excluding all hours on all Sundays, New Years Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christrnas. 1.20 "Hourly Enerq.y EstimaEs" - the hourly energy estimates provided by the Seller and included in Appendix I of this Agreement. These hourly energy estimates are a material input used in the calculation of the energy prices specified in Appendix E. l.2l "Interconnection Facilities' - All equipment specified in the GIA. 1.22 "Lieht Load (LL) Ho '- The daily hours from hour ending 2300 - 0600 Mountain Time (8 hours), plus all other hours on all Sundays, New Years Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and Chrisbnas. 4 NEA = Current Month's EstimatedNet Energy Amount (Paragraph 6.2) SGU a.) If Idaho Power is excused from accepting the Seller's Net Energy as specified in paragraph 12.2.1 this value will be equal to the percentage of curtailment as specified by Idaho Power multiplied by the TGU as defined below. b.) If the Seller declares a Suspension of Energy Deliveries as specified in paragraph 12.3.1 this value will be the sum of the individual Generation Units size ratings as specified in Appendix B that are impacted by the circumstances causing the Seller to declare a Suspension ofEnergy Deliveries. TGU Sum of all of the individual generator ratings of the Generation Units at this Facility as specified in Appendix B of this agreement. De'r Actual hours the Facility's Net Energy deliveries were eitherr\urr reduced or suspended under paragraph 12.2.1 or 12.3.1 TH Actual total hours in the current month Resulting formula being : f$,H:::. NEA ( fffi x NEA ) " (H ) )Net Energy \ ,, Amount This Adjusted Estimated Net Energy Amotrnt will be used in applicable Surplus Energy calculations for only the specific month in which Idaho Power was excused from accepting the Seller's Net Energy or the Seller declared a Suspension of Energy. 6.3 Failure to Deliver Minimum Estimated Net Enerey Amounts - Unless excused by an event of Force Majeure, Seller's failure to deliver Net Energy in any Contract Year in an amount equal to at least ten percent (10%) of the sum of the Monthly Estimated Generation shall constitute an event ofdefault. ARTICLE VII: PURCHASE PRICE AND METHOD OF PAYMENT 7.1 Deleted in its entirety 16 7.2 7.3 7.4 7.5 Base Enerey Heaw Load Purchase Price - For all Base Energy received during Heavy Load Hours, Idaho Power will pay the monthly Base Energy Heavy Load Purchase Price as specified in the Solar Facility Pricing Schedule including any applicable Price Adjustment, less the Solar Integration Charge. Base Enerev Lieht Load Purchase Price - For all Base Energy received during Light Load Hours, Idaho Power will pay the monthly Base Energy Light Load Purchase Price as specified in the Solar Facility Pricing Schedule including an applicable Price Adjustment, less the Solar Integration Charge. Surplus Enersy Price - For all Surplus Energy, Idaho Power shall pay to the Seller the current month's Market Energy Reference Price or the Base Energy Light Load Purchase Price including any applicable Price Adjustment, less the Solar Integration Charge for that month, whichever is lower. Price Adjustrnent - Upon acceptance of a Seller Adjustnent of Estimated Net Energy Amounts as specified in paragraph 6.2.2,Idaho Power will calculate the Pricing Adjustment Percentage for the applicable month(s). All pricing contained within the Solar Facility Pricing Schedule for the ARTICLE XXI: COMMISSION ORDER 2l.l ldaho Power shall file this Agreement for its acceptance or rejection by the Commission. This Agreement shall only become finally effective upon the Commission's approval of all terms and provisions hereof without change or condition and declaration that all payments to be made to Seller hereunder shall be allowed as prudently incurred expenses for ratemaking purposes. ARTICLE XXII: SUCCESSORS AND ASSIGNS 22.1 This Agreement and all of the terms and provisions hereof shall be binding upon and inure to the benefit of the respective successors and assigns of the Parties hereto. Neither this Agreement nor any rights or obligations of either Party hereunder may be assigned, in whole or in part, by operation of law or otherwise, without the prior written consent of both Parties, which consent shall not be unreasonably withheld. Notwithstanding the foregoing, any party with which Idaho Power may consolidate, or into which it may merge, or to which it may convey or transfer substantially all of its electric utility assets, shall automatically, without further act, and without need ofconsent or approval by the Seller, succeed to all ofldaho Power's rights, obligations and interests under this Agreement. Any purported assignment in derogation of the foregoing shall be void. This article shall not prevent a financing entity with recorded or secured rights from exercising all rights and remedies available to it under law or contract. Idaho Power shall have the right to be notified by the financing entity that it is exercising such rights or remedies. ARTICLE XXIII: MODIFICATION 23.1 No modification to this Agreement shall be valid unless it is in writing and signed by both Parties and subsequently approved by the Commission. ARTICLEXXIV: TAXES Each Party shall pay before delinquency all taxes and other governmental charges which, if failed to be paid when due, could result in a lien upon the Facility or the Interconnection Facilities. b) Acknowledged responsibility for all interconnection costs and any costs associated with acquiring adequate firm transmission capacity to enable the project to be classifred as an Idaho Power Designated Network Resource. If final interconnection or transmission studies are not complete at the time the Seller executes this Agreement, the Seller understands that the Seller's obligations to pay Delay and Termination Damages associated with the project's failure to achieve the Operation Date by the Scheduled Operation Date as specified in this Agreement is not relieved by final interconnection or transmission costs, processes or schedules. 26.3 This Agreement includes the following appendices, which are attached hereto and included by reference: Appendix A - Generation Scheduling and Reporting Appendix B - Facility and Point of Delivery Appendix C - Engineer's Certifications Appendix D - Forms of Liquid Security Appendix E - Solar Facility Energy Prices Appendix F - Deleted in its entirety Appendix G - Insurance Requirements Appendix H - Solar Energy Production Forecasting Appendix I - Estimated Hourly Energy Production ARTICLE XXVII: SEVERABILITY 27.1 The invalidity or unenforceability of any term or provision of this Agreement shall not affect the validity or enforceability of any other terms or provisions and this Agreement shall be construed in all other respects as if the invalid or unenforceable term or provision were omitted. ARTICLE XXVIII: COUNTERPARTS 28.1 This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. ARTICLE XXIX: ENTIRE AGREEMENT 29.1 This Agreement constitutes the entire Agreement of the Parties conceming the subject matter hereof and supersedes all prior or contemporaneous oral or written agreements between the Parties concerning the subject matter hereof. 32 REDLINED FORMAT ENERGY SALES AGREEMENT BETWEEN IDAHO POWER COMPAI.IY AND CLARK SOLAR 4,LLC TABLE OF CONTENTS Article TITLE I Definitions 2 No Reliance on Idaho Power 3 Warranties 4 Conditions to Acceptance of Energy 5 Term and Operation Date 6 Purchase and Sale of Net Energy 7 Purchase Price and Method of Payment 8 Environmental Attributes 9 Facility and Interconnection l0 Metering, Metering Communications and SCADA Telemetry l l Records 12 Operations 13 Indemnification and Insurance 14 Force Majeure 15 Liability; Dedication 16 Several Obligations 17 Waiver 18 Choice of Laws and Venue 19 Disputes and Default 20 Governmental Authorization 2l Commission Order 22 Successors andAssigns 23 Modification 24 Taxes 25 Notices and Authorized Agents 26 Additional Terms and Conditions 27 Severability 28 Counterparts 29 Entire Agreement Signatures Appendix A Generation Scheduling and Reporting Appendix B Facility and Point of Delivery Appendix C Engineer's Certifications Appendix D Forms of Liquid Security Appendix E Solar Facility Energy Prices and Integration Charges I eppendix F Deleted in its entirety Appendix G Insurance Requirements Appendix H Solar Energy Production Forecasting Appendix I Estimated Hourly Energy Production 1.15 "fu|&Ig@," - The day commencing at 00:01 hours, Mountain Time, following the day that Seller has satisfied the requirements of Article IV and after the Seller requested First Energy Date. l.16 "&Iggd_Q.gEE'- a partial or total reduction of a) the Facility's capacity to produce and/or deliver Net Energy to the Point of Delivery, or b) Idaho Power's ability to accept Net Energy at the Point of Delivery for non-economic reasons, as a result of Idaho Power or Facility: 1) equipment failure which was not the result of negligence or lack of preventative maintenance, or 2) responding to a transmission provider curtailment order, or 3) unplanned preventative maintenance to repair equipment that left unrepaired, would result in failure of equipment prior to the planned maintenance period, or 4) planned maintenance or construction of the Facility or electrical lines required to serve this Facility. l.l7 "Generation Interco " - The interconnection agreement that specifies terms, conditions and requirements of interconnecting to the Idaho Power electrical system, which will include but not be limited to all requirements as specified by Schedule 72. l.18..G@!1,'_acompletesolarpvelectricalgenerationsystemwithintheFacilitythatis able to generate and deliver energy to the Point of Delivery independent of other Generation Units within the same Facility. 1.19 "Heaw Load (HL) Hours" - The daily hours from hour ending 0700 - 2200 Mountain Time, (16 hours) excluding all hours on all Sundays, New Years Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas. l.20..@s,,_thehourlyenergyestimatesprovidedbytheSellerandincludedin Appendix I of this Agreement. These hourly energy estimates are a material input used in the calculation of the energy prices specified in Appendix E-mdS. "Interconnection Facilities" - All equipment specified in the GIA. "Lisht Load (LL) Houd' - The daily hours from hour ending 2300 - 0600 Mountain Time (8 hours), plus all other hours on all Sundays, New Years Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christnas. t.2t 1.22 Where: NEA Current Month's Estimated Net Energy Amount (Paragraph 6.2) SGU a.) If Idaho Power is excused from accepting the Seller's Net Energy as specified in paragraph 12.2.1 this value will be equal to the percentage of curtailment as specified by Idaho Power multiplied by the TGU as defined below. b.) If the Seller declares a Suspension of Energy Deliveries as specified in paragraph 12.3.1 this value will be the sum of the individual Generation Units size ratings as specified in Appendix B that are impacted by the circumstances causing the Sellerto declare a Suspension ofEnergy Deliveries. TGU Sum of all of the individual generator ratings of the Generation Units at this Facility as specified in Appendix B of this agreement. Actual hours the Facility's Net Energy deliveries were either reduced or suspended under paragraphl2.2.l or 12.3.1RSH TH Actual total hours in the current month Resulting formula being: AdiustedEsiimated NEA Net Energy Amount NEA )x((t'*,* x r# )) This Adjusted Estimated Net Energy Amount will be used in applicable Surplus Energy calculations for only the specific month in which Idaho Power was excused from accepting the Seller's Net Energy or the Seller declared a Suspension of Energy. 6.3 Failure to Deliver Minimum Estimated Net Enersy Amounts - Unless excused by an event of Force Majeure, Seller's failure to deliver Net Energy in any Contract Year in an amount equal to at least ten percent (10%) of the sum of the Monthly Estimated Generation shall constitute an event ofdefault. ARTICLE VII: PURCHASE PRICE AND METHOD OF PAYMENT 7.1 Deleted in its entirety is l6 7.2 7.3 Pri€ing SehedEle as i with the enly differenee being the starting- date ef the Idahe Pewer eapaeity defieit peried, The ir is Base Enerey Heaw Load Purchase Price - For all Base Energy received during Heavy Load Hours, Idaho Power will pay the monthly Base Energy Heavy Load Purchase Price as specified in the Solar Facility Pricing Schedule including any applicable Price Adjusfinent, less the Solar Integration Charge. Base Enerey Lieht Load Purchase Price - For all Base Energy received during Light Load Hours, Idaho Power will pay the monthly Base Energy Light Load Purchase Price as specified in the Solar Facility Pricing Schedule including an applicable Price Adjustrnent, less the Solar Integration Charge. Surtrlus Enere,'/ Price - For all Surplus Energy, Idaho Power shall pay to the Seller the current month's Market Energy Reference Price or the Base Energy Light Load Purchase Price including any applicable Price Adjustrnent, less the Solar Integration Charge for that month, whichever is lower. Price Adiustrnent - Upon acceptance of a Seller Adjusfrnent of Estimated Net Energy Amounts as specified in paragraph 6.2.2,Idaho Power will calculate the Pricing Adjustment Percentage for the applicable month(s). All pricing contained within the Solar Facility Pricing Schedule for the 7.4 7.5 t7 ARTICLE XXI: COMMISSION ORDER 2l.l Idaho Power shall file this Agreement for its acceptance or rejection by the Commission-and . This Agreement shall only become finally effective upon the Commission's approval of all terms and provisions hereof without change or condition and declaration that all payments to be made to Seller hereunder shall be allowed as prudently incurred expenses for ratemaking purposes. ARTICLE XXII: SUCCESSORS AND ASSIGNS 22.1 This Agreement and all of the terms and provisions hereof shall be binding upon and inure to the benefit of the respective successors and assigns of the Parties hereto. Neither this Agreement nor any rights or obligations of either Party hereunder may be assigned, in whole or in part, by operation of law or otherwise, without the prior written consent of both Parties, which consent shall not be unreasonably withheld. Notwithstanding the foregoing, any party with which Idaho Power may consolidate, or into which it may merge, or to which it may convey or transfer substantially all of its electric utility assets, shall automatically, without further act, and without need ofconsent or approval by the Seller, succeed to all ofldaho Power's rights, obligations and interests under this Agreement. Any purported assignment in derogation of the foregoing shall be void. This article shall not prevent a financing entity with recorded or secured rights from exercising all rights and remedies available to it under law or contract. Idaho Power shall have the right to be notified by the financing entity that it is exercising such rights or remedies. ARTICLE XXIII: MODIFICATION 23-l No modification to this Agreement shall be valid unless it is in writing and signed by both Parties and subsequently approved by the Commission. ARTICLEXXIV: TAXES 24.1 Each Party shall pay before delinquency all taxes and other governrnental charges which, if failed to be paid when due, could result in a lien upon the Facility or the lnterconnection Facilities. 29 b) Acknowledged responsibility for all interconnection costs and any costs associated with acquiring adequate firm transmission capacity to enable the project to be classified as an Idaho Power Designated Network Resource. If final interconnection or transmission studies are not complete at the time the Seller executes this Agreement, the Seller understands that the Seller's obligations to pay Delay and Termination Damages associated with the project's failure to achieve the Operation Date by the Scheduled Operation Date as specified in this Agreement is not relieved by final interconnection or transmission costs, processes or schedules. 26.3 This Agreement includes the following appendices, which are attached hereto and included by reference: Appendix A - Appendix B - Appendix C - Appendix D - Appendix E - Appendix !E Appendix G - Appendix H - Appendix I - Generation Scheduling and Reporting Facility and Point of Delivery Engineer' s Certifications Forms of Liquid Security Solar Facility Energy Prices - Deleted in its entirety@ergy*dees Insurance Requirements Solar Energy Production Forecasting Estimated Hourly Energy Production ARTICLE XXVII: SEVERABILITY 27.1 The invalidity or unenforceability of any term or provision of this Agreement shall not affect the validity or enforceability of any other terms or provisions and this Agreement shall be construed in all other respects as if the invalid or unenforceable term or provision were omitted. ARTICLE XXVIII: COUNTERPARTS 28.1 This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. ARTICLE XXIX: ENTIRE AGREEMENT 29.1 This Agreement constitutes the entire Agreement of the Parties conceming the subject matter hereof and supersedes all prior or contemporaneous oral or written agreements between the Parties concerning the subject matter hereof. 32