Commercial Proposal (Hourly)

This calculation model is provided for information purposes, and in the event of any conflict or inconsistency between a signed EPA and this calculation model, the terms of the signed EPA govern. DATA INPUT - Only one Commercial Proposal per Proposal is permitted. - Replicate the data you provided in Appendix 3A - Commercial Proposal that will form part of your Proposal submission. - The calculator only uses the data provided in the yellow-shaded cells. Providing data in the grey-shaded cells is for your own reference. - Worksheets are protected using 'calculator' as password. APPENDIX 3A COMMERCIAL PROPOSAL (reproduced here for information purposes and to support the calculation model) This document sets out the Proponent’s offered pricing and other commercial terms for the Proposal. Words and phrases defined in the Specimen EPA (posted to the RFP Website with Addendum 8) and capitalized herein, have the meanings given in the Specimen EPA, unless otherwise defined herein. Non-Price Commercial Terms: Ref. # Description of Data Commercial Offer 1 Product (REQUIRED): Proponents must offer Firm Energy Firm Energy Product: with a Firm Energy profile (in addition to associated Non-Firm Energy). All Firm Energy offered must be either “hourly Firm Energy” or “seasonally Firm Energy”. The alternatives are mutually exclusive. See Specimen EPA and the Specimen EPA Adaptations Schedule for further detail on the contractual terms pertaining to these alternatives. Any other product offering should be addressed as an Essential Variation or a Value Variation. Select “hourly Firm Energy” or “seasonally Firm Energy”. Complete an hourly Firm Energy (HFE) profile (item #14) or a seasonally Firm Energy (SFE) profile (item #15), as applicable. hourly Firm Energy If this item is left blank, the offered product will be deemed to be “hourly Firm Energy”. 2 Project Type (REQUIRED): Proponents must elect their Project Type: Project type to be either “IPP Project” or “Customer Project”, as described in the RFP. Select “IPP Project” or “Customer Project”. If a Proponent elects its Project type to be “Customer Project” and selects “hourly Firm Energy” in item #1, complete an hourly generation baseline (HGBL) profile (item #16). If a Proponent elects its Project type to be “Customer Project” and selects “seasonally Firm Energy” in item #1, complete a seasonal generation baseline (SGBL) profile (item #17). IPP Project If a Proponent elects its Project type to be “Customer Project” and if the Project uses Auxiliary Fuel as defined in the Specimen EPA, then complete an Auxiliary Fuel Annual Baseline (item #13). If this item is left blank, the Project type will be deemed to be “IPP Project”. If this item is left blank, any entries in the HGBL and SGBL profile tables in items #16 and #17 respectively will be inapplicable. 3 Interconnection System (REQUIRED): Proponents must Interconnection System: select the appropriate system to which their Projects will be interconnected. Select “Distribution System”, “Transmission System” or “FortisBC System”. If this item is left blank, the Project will be deemed to be interconnected to the system that is consistent with the appropriate initial interconnection study agreement (or report, if available) for that Project. 4 Existing BC Hydro EPA (REQUIRED): Proponents must Existing BC Hydro EPA: Transmission System No state whether or not any portion of the electrical output from the Project’s generator(s) is subject to the terms and conditions of an existing electricity purchase agreement with BC Hydro that will be in full force and effect on, or at any time after, the Guaranteed COD. Select either “Yes” or “No”. If this item is left blank, then this item will be completed by BC Hydro based upon its own assessment of the facts. 5 Proponent Entity (REQUIRED): A Proponent must state Proponent Entity: whether it is a single corporation or other entity (e.g., joint venture, limited partnership, etc.). Select either “Single Corporation” or “Other”. If this item is left blank, then the Proponent will be assumed to be a “Single Corporation”. 6 Guaranteed COD (REQUIRED): Select the month and year Month: of the offered Guaranteed COD, which should be not later than Year: November 1, 2012. Guaranteed COD is deemed to be the first day of the offered month. If this item is left blank, the offered Guaranteed COD will be deemed to be November 1, 2012. 7 Phased Project (OPTIONAL): A Proponent may elect to bring the Project into service in phases. The in-service date is the 1st day of the offered month. The total number of phases should not exceed 8. There should not be more than two phases per calendar year. There should be a minimum of 90 days between the in-service dates of consecutive phases. See Addendum 8 for further detail on constraints on Phased Projects and contractual terms applicable to Phased Projects. Number of phases: Phase 1 Month: Phase 1 Year: Phase 2 Month: Phase 2 Year: Phase 3 Month: Phase 3 Year: 0 (blank) Single Corporation May 2011 (blank) (blank) (blank) (blank) (blank) Select the month and year of the expected in-service date for Phase 4 Month: each phase (the in-service date for the last phase must be the Phase 4 Year: same as the offered Guaranteed COD in item #6). Phase 5 Month: The last phase should be no later than November 1, 2012. Phase 5 Year: If this item is left blank, it is deemed that the Phased Project Phase 6 Month: Phase 6 Year: option has not been selected. Phase 7 Month: Phase 7 Year: Phase 8 Month: Phase 8 Year: 8 Post-COD Term (REQUIRED): Using a whole integer, select Post-COD Term (years): the number of years from the Guaranteed COD to the expiry of the Term as defined in the Specimen EPA (the “Post-COD Term”). The Post-COD Term should be not greater than 20 years and not less than 5 years. If this item is left blank, the offered Post-COD Term will be deemed to be 5 years. Pricing Commercial Terms: Ref. # Description of Data Commercial Offer 9 Firm Energy Price (REQUIRED): State the offered Firm Firm Energy Price ($ / MWh): Energy Price, expressed to two decimal places in Canadian $/MWh (escalating as described in item #10). The Firm Energy Price entered here applies for the entire PostCOD Term. The Firm Energy Price is subject to escalation and other adjustments as set out in the Specimen EPA. The Firm Energy Price is also subject to adjustment under the terms of the Specimen EPA for the cost of any required Interconnection Security as outlined in item #12, and may be subject to applicable adjustments, if any, offered in respect of Value Variations, if any, accepted by BC Hydro. 10 Escalation (REQUIRED): The Firm Energy Price expressed Pre-COD Escalation (%): in item #9 is subject to escalation both before and after COD as Post-COD Escalation (%): noted below. Select a percentage, in whole integers, of the Firm Energy Price (inclusive of adjustments for the cost of any required Interconnection Security as outlined in item #12, and applicable adjustments, if any, offered in respect of Value Variations, if any, accepted by BC Hydro) that will be subject to escalation at CPI starting from January 1, 2008 and ending on the first day of the month in which the earlier of COD and Guaranteed COD occurs (“Pre-COD Escalation”). (blank) (blank) (blank) (blank) (blank) (blank) (blank) (blank) (blank) (blank) 10 98.00 250% 75% Select a percentage, in whole integers, of the Firm Energy Price (inclusive of adjustments for the cost of any required Interconnection Security as outlined in item #12, and applicable adjustments, if any, offered in respect of Value Variations, if any, accepted by BC Hydro) that will be subject to escalation at CPI starting from the first day of the month in which the earlier of COD and Guaranteed COD occurs and ending on the first of January of the immediately following year, and then subject to annual escalation at CPI on the first day of every January thereafter until the end of the Term (“Post-COD Escalation”). The Pre-COD Escalation should not be greater than 300% and If this item is left blank, the offered percentages will be deemed to be 0%. 11 Non-Firm Energy Price (REQUIRED): A Proponent may Option A (%): Option B (%): select from two options to price Non-Firm Energy:   Option A – Fixed Option, and/or Option B – Market Price Option. 75% 25% Option A prices are as set out in the Specimen EPA (escalating at CPI from January 1, 2008). Refer to the Specimen EPA for further details of each option. A Proponent may elect to have 0% to 100% (in 10% increments) of the Non-Firm Energy priced according to Option A, with the remainder of the Non-Firm Energy priced according to Option B. Select for Option A the % (0% to 100% in 10% increments) of Non-Firm Energy to be priced according to Option A. Select for Option B the % (0% to 100% in 10% increments) of Non-Firm Energy to be priced according to Option B. The selected % for Option A and Option B must total 100%. If this item is left blank, Option A is deemed selected at 100% and Option B is deemed selected at 0%. If the selected % for Option A and Option B do not total 100%, then the % for Option B will be deemed to be the % that, when added to the % from Option A, totals 100%. 12 Cost of Interconnection Security (OPTIONAL): Cost of Interconnection Security ($ / MWh): 0.30 A Proponent may be required to provide Interconnection Security in letter-of-credit form from a qualifying financial institution in an amount equal to the cost estimate for any Interconnection Network Upgrades to be set out in the Final Interconnection Study Report. This study is not expected to be available until after EPA award. Accordingly, if this item is completed, the Firm Energy Price entered in item #9 should not include any cost to the Proponent of providing an Interconnection Security, if required. See the Specimen EPA for further detail on the contractual terms pertaining to Interconnection Security. State the amount by which the Firm Energy Price entered in item #9 will be increased for every one million dollars (or pro-rated for a portion thereof) of the amount of Interconnection Security, if any, to be provided by the Proponent, expressed to two decimal places in $/MWh and escalating as described in item #10. If this item is left blank, the cost to the Proponent of providing any required Interconnection Security will be deemed to be included in the Firm Energy Price entered in item #9 and the offered amount in this item will be deemed to be zero. 13 Auxiliary Fuel Annual Baseline (OPTIONAL): Auxiliary Fuel Annual Baseline (GJ): If the Project type selected in item #2 is “Customer Project”, a Proponent may stipulate an Auxiliary Fuel Annual Baseline, as defined in the Specimen EPA, expressed in GJ per year. 0 The Auxiliary Fuel Annual Baseline should be determined in accordance with the guidelines provided in Addendum 8. If this item is left blank, the Auxiliary Fuel Annual Baseline will be deemed to be zero. 14 Hourly Firm Energy Profile (REQUIRED FOR HOURLY FIRM PROJECTS): If item #1, Product, was selected as “hourly Firm Energy”, then complete the Hourly Firm Energy (“HFE”) profile set out below, in accordance with the completion guidelines. Do not complete this item if “seasonally Firm Energy” was selected in item #1, but complete item #15. The HFE profile will be included in the EPA, if awarded to the Proponent, and will determine the amount of Energy the Proponent must deliver in each hour after COD under the EPA, failing which liquidated damages may apply. The profile will be applicable under the EPA in each year of the Term commencing on COD. See the Specimen EPA for further detail on the contractual terms pertaining to HFE. Completion guidelines: (a) (b) (c) (d) (e) “Peak Hours”, “Super-Peak Hours” and “Off-Peak Hours” have the meanings given in the Specimen EPA. Assume no leap year in completing the table. The table will be subject to adjustment for leap years under the EPA. Round MWh/h to two decimal places. Assume no Planned Outages in completing the table. The table should reflect Firm Energy deliveries at the POI. (f) The aggregate HFE (expressed in MWh) for May, June and July must not be greater than 25% of the aggregate hourly Firm Energy for any consecutive 12-month period (expressed in MWh). Hourly Firm Energy Profile Peak Hours (MWh/h) 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 Super-Peak Hours (MWh/h) 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 10.00 Off-Peak Hours (MWh/h) 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 8.00 January February March April May June July August September October November December 15 Seasonally Firm Energy Profile (REQUIRED FOR SEASONALLY FIRM PROJECTS): If item #1, Product, was selected as “seasonally Firm Energy”, then complete the seasonally Firm Energy (“SFE”) profile set out below, in accordance with the completion guidelines. Do not complete this item if “hourly Firm Energy” was selected in item #1, but complete item #14. The SFE profile will be included in the EPA, if awarded to the Proponent, and will determine the amount of Energy the Proponent must deliver in each season under the EPA, failing which liquidated damages may apply. The profile will be applicable under the EPA in each year of the Term commencing on COD. See the Specimen EPA Adaptations Schedule for further detail on the contractual terms pertaining to SFE. Completion guidelines: (a) (b) (c) (d) (e) Assume no leap year in completing the table. The table will be subject to adjustment for leap years under the EPA. Round MWh to the nearest whole integer. Assume no Planned Outages in completing the table. The table should reflect Firm Energy deliveries at the POI. The SFE for Season 2 must not be greater than 25% of the aggregate SFE for any consecutive 12-month period. asonally Firm Energy Profile Seasonally Firm Energy (MWh) 90 Season 1 Spring (February 1 to April 30) Season 2 – System Freshet (May 1 to July 31) Season 3 - Fall (August 1 to October 31) Season 4 Winter (November 1 to January 31) 120 80 70 16 Hourly Generation Baseline Profile (REQUIRED FOR HOURLY FIRM CUSTOMER PROJECTS) If the Project type selected in item #2 is “Customer Project” and the product type selected in item #1 is “hourly Firm Energy”, complete the hourly generation baseline (“HGBL”) profile set out below, in accordance with the guidelines that follow this paragraph. The HGBL profile sets out the baseline of Energy production that a Project must generate in each hour of the identified period before a Seller may deliver Eligible Energy in that period all as further described in the Specimen EPA Adaptation Schedule. The HGBL profile will be applicable under the EPA in each year of the Term commencing on COD. Completion guidelines: (a) (b) (c) (d) (e) (f) “Peak Hours”, “Super-Peak Hours” and “Off-Peak Hours” have the meanings given in the Specimen EPA. Assume no leap year in completing the table. The table will be subject to adjustment for leap years under the EPA. Round MWh/h to two decimal places. Assume no Planned Outages (as defined in the Specimen EPA) in completing the table. The table should reflect HGBL production levels as measured at the POI (as defined in the Specimen EPA). The annual GBL (expressed in MWh) resulting from the HGBL profile should reconcile to the annual GBL (expressed in MWh) determined by BC Hydro before Proposal submission. Peak Hours (MWh/h) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Super-Peak Hours (MWh/h) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Off-Peak Hours (MWh/h) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 January February March April May June July August September October November December 17 Seasonal Generation Baseline Profile (REQUIRED FOR SEASONALLY FIRM CUSTOMER PROJECTS) If the Project type selected in item #2 is “Customer Project” and the product type selected in item #1 is “seasonally Firm Energy”, complete the seasonal generation baseline (“SGBL”) profile set out below, in accordance with the guidelines that follow this paragraph. The SGBL profile sets out the baseline of Energy production that a Project must generate in each season before such production will be allocated to Eligible Energy for that season, all as further described in the Specimen EPA Adaptations Schedule. The SGBL profile will be applicable under the EPA in each year of the Term commencing on COD. Completion guidelines: (a) (b) (c) (d) (e) Assume no leap year in completing the table. The table will be subject to adjustment for leap years under the EPA. Round MWh to the nearest whole integer. Assume no Planned Outages (as defined in the Specimen EPA) in completing the table. The table should reflect SGBL production levels as measured at the POI (as defined in the Specimen EPA). The annual GBL (expressed in MWh) resulting from the SGBL profile should reconcile to the annual GBL (expressed in MWh) determined by BC Hydro before Proposal submission. Seasonal GBL (MWh) Season 1 Spring (February 1 to April 30) Season 2 – System Freshet (May 1 to July 31) Season 3 - Fall (August 1 to October 31) Season 4 Winter (November 1 to January 31) 0 0 0 0 18 Value Variations Pricing (OPTIONAL): Complete this section only if a Variations Proposal is submitted which includes optional Value Variations for which separate pricing is offered. A Variations Proposal may designate variations as either “Essential Variations” or “Value Variations”. All undesignated variations are deemed to be Essential Variations. All Essential Variations are included in the Firm Energy Price offered in item #9, and may not be separately priced. BC Hydro may not unilaterally accept a Proposal without also accepting Essential Variations, if any. BC Hydro may accept a Proposal with or without any or all Value Variations. A Value Variation separately priced in this item is applicable ONLY if the variation is accepted by BC Hydro. A Proponent may price all Value Variations together, in which case BC Hydro may accept all, but not less than all, such variations. Alternatively, Value Variations may be grouped for pricing purposes, in which case BC Hydro may accept all, but not less than all, variations in the group, or each Variation may be individually priced, in which case BC Hydro may accept any or all such variations. Where possible, prices should be expressed in $/MWh as an addition to (+), or a deduction from (-), the Firm Energy Price offered in item #9. However, Proponents may price a Value Variation in a different way, in which case appropriate details should be provided in a separate attachment to this Commercial Proposal. For a Value Variation relative to any turn down right in favour of BC Hydro, see item #19. If a Value Variation is not referenced in the table, or if a Value Variation is referenced in the table but not priced, then BC Hydro, at its option, may accept that variation without adjustment to the Firm Energy Price offered in item #9. Value Variation Brief Description, with Specimen EPA Section Reference(s) # Firm Energy Price Adjustment (insert + or – and $/MWh) + / - $ 0.00 /MWh + / - $ 0.00 /MWh + / - $ 0.00 /MWh + / - $ 0.00 /MWh + / - $ 0.00 /MWh + / - $ 0.00 /MWh 1 2 3 4 5 6 19 Turn Down Provisions (OPTIONAL): BC Hydro desires to have a discretionary right to either partially and/or fully turn down the generation from the Project during the Term of the EPA, subject to mutually agreeable terms and conditions to be included in the EPA. Proponents should price this feature independently of the Firm Energy Price submitted in item #9. Accordingly, Proponents are invited to submit a Value Variation for turn down provisions, including pricing and operational constraints associated with a turn down provision in a separate attachment to this Commercial Proposal. Note that BC Hydro will consider the attractiveness of these turn down provisions, including the absence thereof, in the overall evaluation of the Proposals. This calculation model is provided for information purposes, and in the event of any conflict or inconsistency between a signed EPA and this calculation model, the terms of the signed EPA govern. DATA INPUT: not required on this page. FIXED DATA FROM SPECIMEN EPA Table 1: Time of Delivery Factors (Schedule A of Appendix 3 of the Specimen EPA) Jan 105% 122% 141% 127% Feb 101% 113% 124% 116% Mar 99% 112% 124% 115% Apr 85% 95% 104% 97% May 70% 82% 90% 84% Jun 69% 81% 87% 83% Jul 79% 96% 105% 98% Aug 86% 101% 110% 103% Sep 91% 107% 116% 109% Oct 93% 112% 127% 116% Nov 99% 112% 129% 116% Dec 104% 120% 142% 126% Table 4: Non-Firm Energy Price - Option A (Schedule A of Appendix 3 of the Specimen EPA) NFEP (Option A) Jan 1, 2008 $ 2008 49.6 2009 49.9 2010 43.5 2011 40.2 2012 43 2013 45.4 2014 48.5 2015 48.5 2016 45.6 2017 47.8 2018 49.7 2019 53.6 2020 59.1 2021 59.2 2022 59.5 2023 60.2 2024 60.3 2025 61.7 2026 62.6 2027 63.8 2028 64.6 2029 65.6 2030 66.6 2031 67.6 2032 68.6 2033 69.3 2034 70 2035 70.7 1 2 3 4 5 6 7 8 9 10 11 12 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec January February March April May June July August September October November December 1 2 3 4 5 6 7 8 9 10 11 12 Hour 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Type OP OP OP OP OP OP P P P P P P P P P P SP SP SP SP P P OP OP Off-Peak Peak Super-Peak On-Peak Table 2: Hourly Firm Credits (Subsection 13.3 of Specimen EPA) Jan 0.0 20.0 20.0 Feb 0.0 13.3 13.3 Mar 0.0 4.0 4.0 Apr 0.0 2.1 2.1 May 0.0 0.0 0.0 Jun 0.0 0.0 0.0 Jul 0.0 2.0 2.0 Aug 0.0 4.0 4.0 Sep 0.0 4.1 4.1 Oct 0.0 4.0 4.0 Nov 0.0 8.3 8.3 Dec 0.0 20.0 20.0 Off-Peak Peak Super-Peak Table 3: Number of Hours in Delivery Periods (see note below) Jan 318.7 319.0 106.3 425.3 Feb 287.8 288.1 96.0 384.1 Mar 318.7 319.0 106.3 425.3 Apr 308.4 308.7 102.9 411.6 May 318.7 319.0 106.3 425.3 Jun 308.4 308.7 102.9 411.6 Jul 318.7 319.0 106.3 425.3 Aug 318.7 319.0 106.3 425.3 Sep 308.4 308.7 102.9 411.6 Oct 318.7 319.0 106.3 425.3 Nov 308.4 308.7 102.9 411.6 Dec 318.7 319.0 106.3 425.3 Off-Peak Peak Super-Peak On-Peak Note: Assume non-leap year and do not include the effect of statutory holidays. OP -- Off-Peak P -- Peak SP -- Super-Peak This calculation model is provided for information purposes, and in the event of any conflict or inconsistency between a signed EPA and this calculation model, the terms of the signed EPA govern. DATA INPUT - Input data into yellow-shaded cells. Table 7: DowJones Mid-C Monthly Price Indices (US$/MWh) Note: A Monthly Price Index is the average of the daily price indices for the month May 100.66 102.67 104.73 107.17 109.31 111.5 113.72 116.43 118.87 121.37 123.92 126.52 129.17 131.89 134.66 137.48 140.37 143.32 146.33 149.4 152.54 155.74 159.01 162.35 165.76 169.24 172.8 176.43 Jun 100.83 102.84 104.9 107.35 109.49 111.68 113.91 116.62 119.07 121.57 124.12 126.73 129.39 132.11 134.88 137.71 140.6 143.56 146.57 149.65 152.79 156 159.28 162.62 166.04 169.52 173.08 176.72 Jul 100.99 103.01 105.07 107.52 109.67 111.87 114.1 116.81 119.26 121.77 124.33 126.94 129.6 132.32 135.1 137.94 140.84 143.79 146.81 149.9 153.04 156.26 159.54 162.89 166.31 169.8 173.37 177.01 Aug 101.16 103.18 105.25 107.7 109.85 112.05 114.29 117 119.46 121.97 124.53 127.15 129.82 132.54 135.33 138.17 141.07 144.03 147.06 150.14 153.3 156.52 159.8 163.16 166.58 170.08 173.65 177.3 Sep 101.33 103.35 105.42 107.88 110.04 112.24 114.48 117.2 119.66 122.17 124.74 127.36 130.03 132.76 135.55 138.39 141.3 144.27 147.3 150.39 153.55 156.77 160.07 163.43 166.86 170.36 173.94 177.59 Oct 101.5 103.52 105.59 108.06 110.22 112.42 114.67 117.39 119.86 122.37 124.94 127.57 130.24 132.98 135.77 138.62 141.53 144.51 147.54 150.64 153.8 157.03 160.33 163.7 167.14 170.65 174.23 177.89 Nov 101.66 103.7 105.77 108.24 110.4 112.61 114.86 117.58 120.05 122.57 125.15 127.78 130.46 133.2 136 138.85 141.77 144.75 147.78 150.89 154.06 157.29 160.6 163.97 167.41 170.93 174.52 178.18 Dec 101.83 103.87 105.94 108.41 110.58 112.79 115.05 117.78 120.25 122.78 125.35 127.99 130.67 133.42 136.22 139.08 142 144.98 148.03 151.14 154.31 157.55 160.86 164.24 167.69 171.21 174.8 178.48 Jan 2008 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2009 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2010 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2011 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2012 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2013 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2014 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2015 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2016 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2017 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2018 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2019 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2020 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2021 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2022 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2023 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2024 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2025 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2026 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2027 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2028 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2029 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk 2030 Firm On-Pk Firm Off-Pk NF On-Pk NF Off-Pk Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Table 5: BC CPI Indices (from Statistics Canada website) Jan 100 102 104.04 106.11 108.59 110.76 112.98 115.66 118.09 120.57 123.1 125.69 128.33 131.02 133.77 136.58 139.45 142.38 145.37 148.42 151.54 154.72 157.97 161.29 164.67 168.13 171.66 175.27 Feb 100.17 102.17 104.21 106.62 108.77 110.95 113.16 115.85 118.28 120.77 123.3 125.89 128.54 131.24 133.99 136.81 139.68 142.61 145.61 148.66 151.79 154.97 158.23 161.55 164.94 168.41 171.94 175.56 Mar 100.33 102.34 104.39 106.8 108.95 111.13 113.35 116.04 118.48 120.97 123.51 126.1 128.75 131.45 134.21 137.03 139.91 142.85 145.85 148.91 152.04 155.23 158.49 161.82 165.22 168.69 172.23 175.85 Apr 100.5 102.5 104.56 106.97 109.13 111.31 113.54 116.23 118.67 121.17 123.71 126.31 128.96 131.67 134.44 137.26 140.14 143.08 146.09 149.16 152.29 155.49 158.75 162.09 165.49 168.96 172.51 176.14 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Table 6: Monthly Average Bank of Canada Daily "noon rate" (from Bank of Canada website) Jan 1.0155 1.0205 1.0105 1.0055 1.0155 1.0205 1.0105 1.0200 1.0155 1.0205 1.0105 1.0055 1.0155 1.0205 1.0105 1.0055 1.0155 1.0205 1.0105 1.0055 1.0155 1.0205 1.0105 1.0055 1.0155 1.0205 1.0105 1.0055 Feb 1.0010 1.0060 0.9960 0.9910 1.0010 1.0060 0.9960 1.0010 1.0060 0.9960 0.9910 1.0010 1.0060 0.9960 0.9910 1.0010 1.0060 0.9960 0.9910 1.0010 1.0060 0.9960 0.9910 1.0010 1.0060 0.9960 0.9910 1.0010 Mar 1.0200 1.0250 1.0150 1.0100 1.0200 1.0250 1.0150 1.0200 1.0250 1.0150 1.0100 1.0200 1.0250 1.0150 1.0100 1.0200 1.0250 1.0150 1.0100 1.0200 1.0250 1.0150 1.0100 1.0200 1.0250 1.0150 1.0100 1.0200 Apr 1.0115 1.0165 1.0065 1.0015 1.0115 1.0165 1.0065 1.0115 1.0165 1.0065 1.0015 1.0115 1.0165 1.0065 1.0015 1.0115 1.0165 1.0065 1.0015 1.0115 1.0165 1.0065 1.0015 1.0115 1.0165 1.0065 1.0015 1.0115 May 1.0110 1.0160 1.0060 1.0010 1.0110 1.0160 1.0060 1.0110 1.0160 1.0060 1.0010 1.0110 1.0160 1.0060 1.0010 1.0110 1.0160 1.0060 1.0010 1.0110 1.0160 1.0060 1.0010 1.0110 1.0160 1.0060 1.0010 1.0110 Jun 1.0105 1.0155 1.0055 1.0005 1.0105 1.0155 1.0055 1.0105 1.0155 1.0055 1.0005 1.0105 1.0155 1.0055 1.0005 1.0105 1.0155 1.0055 1.0005 1.0105 1.0155 1.0055 1.0005 1.0105 1.0155 1.0055 1.0005 1.0105 Jul 1.0113 1.0163 1.0063 1.0013 1.0113 1.0163 1.0063 1.0113 1.0163 1.0063 1.0013 1.0113 1.0163 1.0063 1.0013 1.0113 1.0163 1.0063 1.0013 1.0113 1.0163 1.0063 1.0013 1.0113 1.0163 1.0063 1.0013 1.0113 Aug 1.0115 1.0165 1.0065 1.0015 1.0115 1.0165 1.0065 1.0115 1.0165 1.0065 1.0015 1.0115 1.0165 1.0065 1.0015 1.0115 1.0165 1.0065 1.0015 1.0115 1.0165 1.0065 1.0015 1.0115 1.0165 1.0065 1.0015 1.0115 Sep 1.0200 1.0250 1.0150 1.0100 1.0200 1.0250 1.0150 1.0110 1.0250 1.0150 1.0100 1.0200 1.0250 1.0150 1.0100 1.0200 1.0250 1.0150 1.0100 1.0200 1.0250 1.0150 1.0100 1.0200 1.0250 1.0150 1.0100 1.0200 Oct 1.0250 1.0300 1.0200 1.0150 1.0250 1.0300 1.0200 1.0120 1.0200 1.0200 1.0150 1.0250 1.0300 1.0200 1.0150 1.0250 1.0300 1.0200 1.0150 1.0250 1.0300 1.0200 1.0150 1.0250 1.0300 1.0200 1.0150 1.0250 Nov 1.0210 1.0260 1.0160 1.0110 1.0210 1.0260 1.0160 1.0210 1.0260 1.0160 1.0110 1.0210 1.0260 1.0160 1.0110 1.0210 1.0260 1.0160 1.0110 1.0210 1.0260 1.0160 1.0110 1.0210 1.0260 1.0160 1.0110 1.0210 Dec 1.0050 1.0100 1.0000 0.9950 1.0050 1.0100 1.0000 1.0050 1.0100 1.0000 0.9950 1.0050 1.0100 1.0000 0.9950 1.0050 1.0100 1.0000 0.9950 1.0050 1.0100 1.0000 0.9950 1.0050 1.0100 1.0000 0.9950 1.0050 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 100 88 66 51 101 89 67 52 102 90 68 53 101 89 67 52 100 88 66 51 102 90 55.3 48.7 99 87 65 50 100 88 66 51 101 89 67 52 102 90 68 53 101 89 67 52 100 88 66 51 100 88 66 51 101 89 67 52 102 90 68 53 101 89 67 52 100 88 66 51 101 89 67 52 102 90 68 53 101 89 67 52 100 88 66 51 101 86 51 41 102 87 52 42 103 88 53 43 102 87 52 42 101 86 51 41 100 85 50 40 102 87 52 42 101 86 51 41 102 87 52 42 103 88 53 43 102 87 52 42 101 86 51 41 101 86 51 41 102 87 52 42 103 88 53 43 102 87 52 42 101 86 51 41 102 87 52 42 103 88 53 43 102 87 52 42 101 86 51 41 96 81 56.3 49.7 97 82 57.3 50.7 98 83 58.3 51.7 97 82 57.3 50.7 96 81 56.3 49.7 95 80 55.3 48.7 97 82 57.3 50.7 96 81 56.3 49.7 97 82 57.3 50.7 98 83 58.3 51.7 97 82 57.3 50.7 96 81 56.3 49.7 96 81 56.3 49.7 97 82 57.3 50.7 98 83 58.3 51.7 97 82 57.3 50.7 96 81 56.3 49.7 97 82 57.3 50.7 98 83 58.3 51.7 97 82 57.3 50.7 96 81 56.3 49.7 86 76 36 21 87 77 37 22 88 78 38 23 87 77 37 22 86 76 36 21 85 75 35 20 87 77 37 22 86 76 36 21 87 77 37 22 88 78 38 23 87 77 37 22 86 76 36 21 86 76 36 21 87 77 37 22 88 78 38 23 87 77 37 22 86 76 36 21 87 77 37 22 88 78 38 23 87 77 37 22 86 76 36 21 81 66 26 11 82 67 27 12 83 68 28 13 82 67 27 12 81 66 26 11 80 65 25 10 82 67 27 12 81 66 26 11 82 67 27 12 83 68 28 13 82 67 27 12 81 66 26 11 81 66 26 11 82 67 27 12 83 68 28 13 82 67 27 12 81 66 26 11 82 67 27 12 83 68 28 13 82 67 27 12 81 66 26 11 79 71 31 21 80 72 32 22 81 73 33 23 80 72 32 22 79 71 31 21 78 70 30 20 80 72 32 22 79 71 31 21 80 72 32 22 81 73 33 23 80 72 32 22 79 71 31 21 79 71 31 21 80 72 32 22 81 73 33 23 80 72 32 22 79 71 31 21 80 72 32 22 81 73 33 23 80 72 32 22 79 71 31 21 71 69 36 26 72 70 37 27 73 71 38 28 72 70 37 27 71 69 36 26 70 68 35 25 72 70 37 27 71 69 36 26 72 70 37 27 73 71 38 28 72 70 37 27 71 69 36 26 71 69 36 26 72 70 37 27 73 71 38 28 72 70 37 27 71 69 36 26 72 70 37 27 73 71 38 28 72 70 37 27 71 69 36 26 66 46 31 16 67 47 32 17 68 48 33 18 67 47 32 17 66 46 31 16 65 45 30 15 67 47 32 17 66 46 31 16 67 47 32 17 68 48 33 18 67 47 32 17 66 46 31 16 66 46 31 16 67 47 32 17 68 48 33 18 67 47 32 17 66 46 31 16 67 47 32 17 68 48 33 18 67 47 32 17 66 46 31 16 67.5 47.5 46 26 68.5 48.5 47 27 69.5 49.5 48 28 68.5 48.5 47 27 67.5 47.5 46 26 67 47 45 25 68.5 48.5 47 27 67.5 47.5 46 26 68.5 48.5 47 27 69.5 49.5 48 28 68.5 48.5 47 27 67.5 47.5 46 26 67.5 47.5 46 26 68.5 48.5 47 27 69.5 49.5 48 28 68.5 48.5 47 27 67.5 47.5 46 26 68.5 48.5 47 27 69.5 49.5 48 28 68.5 48.5 47 27 67.5 47.5 46 26 65.5 45.5 51 31 66.5 46.5 52 32 67.5 47.5 53 33 66.5 46.5 52 32 65.5 45.5 51 31 68 49.5 50 30 66.5 46.5 52 32 65.5 45.5 51 31 66.5 46.5 52 32 67.5 47.5 53 33 66.5 46.5 52 32 65.5 45.5 51 31 65.5 45.5 51 31 66.5 46.5 52 32 67.5 47.5 53 33 66.5 46.5 52 32 65.5 45.5 51 31 66.5 46.5 52 32 67.5 47.5 53 33 66.5 46.5 52 32 65.5 45.5 51 31 76 66 56 46 77 67 57 47 78 68 58 48 77 67 57 47 76 66 56 46 75 65 55 45 77 67 57 47 76 66 56 46 77 67 57 47 78 68 58 48 77 67 57 47 76 66 56 46 76 66 56 46 77 67 57 47 78 68 58 48 77 67 57 47 76 66 56 46 77 67 57 47 78 68 58 48 77 67 57 47 76 66 56 46 96 79 61 51 97 80 62 52 98 81 63 53 97 80 62 52 96 79 61 51 95 78 60 50 97 80 62 52 96 79 61 51 97 80 62 52 98 81 63 53 97 80 62 52 96 79 61 51 96 79 61 51 97 80 62 52 98 81 63 53 97 80 62 52 96 79 61 51 97 80 62 52 98 81 63 53 97 80 62 52 96 79 61 51 This calculation model is provided for information purposes, and in the event of any conflict or inconsistency between a signed EPA and this calculation model, the terms of the signed EPA govern. ENERGY PRICE CALCULATOR DATA INPUT - Input data into yellow-shaded cells. - Select "Year" and Month" for which the firm and non-firm energy prices are to be calculated. - Values in "red" are Seller Inputs. Energy Prices for: Year (all years after the year in which date Y occurs) Month Inputs from Commercial Proposal Firm Energy Price (January 1, 2008$) (FEP, item 9) Cost of Interconnecion Security (January 1, 2008 $) (CIS, item 12) Firm Energy Price Percentage Pre-COD (FEPPPRE, item 10) Firm Energy Price Percentage Post-COD (FEPPPOST, item 10) Guaranteed COD (item 6) Option A Non-Firm Energy Price Percentage (NFEPPA, item 11) Option B Non-Firm Energy Price Percentage (NFEPPB, item 11) Input from Final Interconnection Study Report Interconnection Security Amount (ISA) Input from special study performed by BCTC Losses Actual COD Y (earlier of actual COD and guaranteed COD) BC CPI Indices 1-Jan-08 01/Feb/11 01/Jan/15 01/Jan/16 Time of Delivery Factors Off-Peak Peak Super-Peak On-Peak 98 $/MWh 0.3 $/MWh 250% 75% 01/May/11 75% 25% 2015 3 3.7 $ xmillion 5.50% 01/Feb/11 01/Feb/11 100.00 106.62 115.66 118.09 0.99 1.12 1.24 1.15 Monthly Average Bank of Canada "noon rate" Exchange Rate Average Dow Jones Mid-C Daily Non-Firm On-Peak Index Average Dow Jones Mid-C Daily Non-Firm Off-Peak Index EFEP (escalated Firm Energy Price for year 2015) EFEP (escalated Firm Energy Price for year 2016) Option A Non-Firm Energy Price (January 1, 2008 $) Option A Non-Firm Energy Price (escalated to year 2015) Option A Non-Firm Energy Price (escalated to year 2016) 1.02 55.3 US$/MWh 48.7 US$/MWh 122.86 124.83 48.50 56.10 57.27 $/MWh $/MWh $/MWh $/MWh $/MWh Calculated Energy Prices for March 2015 Firm Energy Price Off-Peak Peak ($/MWh) 121.63 137.60 Bioenergy Call RFP (Phase 1) 28-May-08 Page 12 Super-Peak Non-Firm Energy Price Off-Peak Peak Super-Peak Option A 52.48 59.37 65.73 Option B 46.94 51.91 57.48 152.34 Blended 51.10 57.51 63.67 Bioenergy Call RFP (Phase 1) 28-May-08 Page 13 This calculation model is provided for information purposes, and in the event of any conflict or inconsistency between a signed EPA and this calculation model, the terms of the signed EPA govern. Energy Payments for Hourly Firm Projects DATA INPUT - Input data into yellow-shaded cells. - Select Month for Energy Payment Calculation. Year Month 2015 1 Escalated Firm Energy Price ($/MWh) Option A Escalated Non-Firm Price ($/MWh) BC CPI (from Bank of Canada) 1-Jan-08 01/Jan/15 122.86 56.10 100.00 115.66 5.50% Transmission Losses (from Special Study) January Data Time of Delivery Factors (from Specimen EPA) Off-Peak Peak Super-Peak On-Peak 105% 122% 141% 127% Contractual Hourly Firm Energy (from Commercial Proposal) Off-Peak 8 MWh/h Peak 10 MWh/h Super-Peak 10 MWh/h Non-Firm Energy Pricing Percentage (from Commercial Proposal) Option A 75% Option B 25% Monthly average Bank of Canda Daily 'noon rate' for January 2015 Average DowJones Mid-C Daily Non-Firm On-Peak Index for January 2015 Average DowJones Mid-C Daily Non-Firm Off-Peak Index for January 2015 1.02 C$/US$ 55.30 US$/MWh 48.70 US$/MWh 55.3 48.7 Off-Peak Peak Super-Peak $/MWh 129.00 149.89 173.23 Firm Energy MWh 1948.9 3309.8 1215.2 $ 251,410 496,096 210,509 Non-Firm Energy $/MWh MWh 53.48 116.9 61.31 9.3 70.85 12.4 $ 6,252 570 879 Bioenergy Call (Phase 1) 28-May-08 Page 14 Total Energy Payment for January 2015 958,015 7,701 $965,716 Bioenergy Call (Phase 1) 28-May-08 Page 15 This calculation model is provided for information purposes, and in the event of any conflict or inconsistency between a signed EPA and this calculation model, the terms of the signed EPA govern. LIQUIDATED DAMAGES AMOUNT FOR HOURLY FIRM PROJECTS DATA INPUT - Input data into yellow-shaded cells. Year Month EFEP (escalated Firm Energy Price for year 2015) BC CPI Transmission Losses (L) January Data (from Specimen EPA) Time of Delivery Factors Off-Peak 105% Peak 122% Super-Peak 141% On-Peak 127% January Data (from Commercial Proposal) Hourly Firm Energy (MWh/h) Off-Peak 8 Peak 10 Super-Peak 10 Calculate LD Amounts for January 2015: Mid-C Prices (C$/MWh) O-Peak Peak S-Peak 81.02 79.58 91.97 81.27 83.15 96.10 70.59 71.20 82.29 71.22 71.84 83.03 71.00 70.01 80.91 67.63 69.86 80.74 62.98 67.14 77.60 64.67 65.71 75.95 119.21 161.91 187.13 72.82 178.84 206.69 72.45 171.56 198.28 75.22 74.47 86.07 74.04 73.31 84.72 69.51 70.12 81.04 75.53 74.05 85.58 75.10 74.04 85.57 65.12 70.50 81.48 65.00 70.37 81.33 66.43 72.06 83.29 69.89 76.66 88.60 75.08 77.47 89.54 78.27 76.97 88.95 79.31 76.75 88.70 71.70 72.16 83.40 71.83 72.30 83.56 68.81 70.62 81.62 67.93 69.96 80.86 64.62 67.24 77.71 67.95 68.08 78.68 63.02 68.03 78.63 64.50 66.45 76.80 Delivery Shortfalls (MWh) O-Peak Peak S-Peak 2.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 13.2 0.8 1.1 14.2 0.8 1.1 13.2 0.8 LD Factor (C$/MWh) O-Peak Peak S-Peak 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 26.43 26.95 5.78 43.36 46.51 5.78 36.08 38.10 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 5.78 LD Amount for January 2015 LD Amount 87.99 82.52 82.52 82.52 82.52 82.52 82.52 82.52 356.11 582.04 484.88 82.52 82.52 82.52 82.52 82.52 82.52 82.52 82.52 82.52 82.52 82.52 82.52 82.52 82.52 82.52 82.52 82.52 82.52 87.99 82.52 3744.54 1-Jan-08 01/Jan/15 2015 1 122.86 $/MWh 100 115.66 5.50% Hourly Firm Credits ($/MWh) Off-Peak Peak Super-Peak 0 20 20 01/Jan/15 02/Jan/15 03/Jan/15 04/Jan/15 05/Jan/15 06/Jan/15 07/Jan/15 08/Jan/15 09/Jan/15 10/Jan/15 11/Jan/15 12/Jan/15 13/Jan/15 14/Jan/15 15/Jan/15 16/Jan/15 17/Jan/15 18/Jan/15 19/Jan/15 20/Jan/15 21/Jan/15 22/Jan/15 23/Jan/15 24/Jan/15 25/Jan/15 26/Jan/15 27/Jan/15 28/Jan/15 29/Jan/15 30/Jan/15 31/Jan/15 Bioenergy Call (Phase 1) 28-May-08 Page 16