EXHIBIT 2
Generation and Article 3 Payment Terms Under the 1982 Contract
DEO9-174
Penacook Lower Fatts Hydro
Contract
Year
1
1
1
1
1
1
1
1
1
I
1
i
—
2
2
2
2
2
—
3
3
3
3
3
3
3
3
3
3
3
—
4
4
4
4
4
4
Month
Oct-83
Nov-83
Dec-83
Jan-84
Feb-84
Mar-84
Apr-84
May-84
Jun-84
Jul-84
Aug-84
sep-84
Oct-8~
Nov-84
Dec-84
Jan-85
Feb-85
Mar-85
Apr-85
May-85
JunJulAugSep-8
Oct
NovDecJan-8
FebMarAprMayJunJulAugSepOct
NovDec-86
Jan-87
Feb-87
Mar-87
Apr-87
Actual Generation
(kWh)
[Estimated
2oloforwardj
42000
1,652,000
2,432500
1,725,500
2,040,500
2,394,000
3,108,000
3,129,000
2,292,500
1,522,500
252,000
262,500
322000
661,500
976,500
542,500
1,302,000
—
2,541,000
2,275,000
1,228,500
381,500
315,000
133,000
896,000
1382500
2,219,000
2,271,500
1,536,500
2,331,000
2,401,000
2,775,500
1,382,500
2,089,500
1,221,500
2,040,500
395,500
822500
1,515,000
3,430,000
1,799,000
1,074,500
—
1,998,500
2,800,000
Index price per Article
3
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
90C
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
90C
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
90C
9.00
9.00
9.00
9.00
9,00
9.00
Ic/kwh Contract Rate
0.67c/kwh Contract
5.47c/kwh Contract
2c/kwh Contract Rate adjustment for the first Rate adjustment for
Rate adjustment
adjustment
8 years per Article
year 9 through year 20 beginning in year 9 per
perArticle3.A
3D.2
perArticle3.D.2
Article3.D.1
2.00
(100)
2.00
(1.00)
2.00
(1.00)
2.00
(1.00)
2.00
(1.00)
2.00
(1.00)
2.00
(1.00)
2.00
(1.00)
2.00
(1.00)
2.00
(1.00)
2.00
(1.00)
2.00
(1.00)
20C
1100
2.00
(1.00)
2.00
(1.00)
2.00
(1.00)
2.00
(1.00)
2.00
(1.00)
2.00
(1.00)
2.00
(1.00)
2.00
(1.00)
2.00
(1.00)
2.00
(1.00)
2.00
(1.00
20C
(1
2.00
(1.00
2.00
(1.00
2.00
(1.00
2.00
(1.00
2.00
(1.00
2.00
(1.00
2.00
(1.00
2.00
(1.00
2.00
(1.00
2.00
(1.00
2.00
(1.00
20C
(/01
2.00
(1.00
2.00
(1.00
2.00
(1.00)
2.00
(1.00)
2.00
(1.00/
2.00
(1.001
1 of 8
Adjusted Contract Rate
receivedbyNHHA/Briar
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10
10.0
10.00
10.00
10.0
10.0
10.0
10.0
10.0
10.0
10.0
10.0
10
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
1001
10.00
10.00
10.00
10.00
10.00
10.00
EXHIBIT 2
Generation and Article 3 Payment Terms Under the 1982 Contract
DEO9-174
Contract
Year
4
4
4
4
—
—
—
—
—
—
—
—
—
—
5
—
—
—
—
—
—
6
—
—
—
—
—
—
7
7
7
7
7
7
7
7
7
7
7
8
8
8
Mon~
May-87
Jun-87
Jul-87
Aug-87
Sep-87
Oct13
Nov-87
Dec-87
Jan-88
Feb-88
Mar-88
Apr-88
May-88
Jun-88
Jul-88
Aug-88
Sep-88
Oct-S
Nov-88
Dec-88
Jan-89
Feb-8
Mar-8
Apr-8
May-89
Jun-8
Jul-8
Aug-8
Sep-8
Oct
Nov-8
Dec-89
Jan-90
Feb-90
Mar-90
Apr-90
May-90
Jun-90
Jul-90
Aug-90
Sep-90
Oct91
Nov-90
Dec-90
Jan-91
Feb-91
Actual Generation
(kWh)
[Estimated
2010 forward]
2166,500
1,361,500
1,617,000
140,000
1,064,000
1431500
1,704,500
2,107,000
1,071,000
1,960,000
2,135,000
2,555,000
3,160500
1,109,500
787,500
672,000
1,060,500
—
619500
2,803,500
1,610,000
1,029,000
934,500
1,522,500
2,929,500
3,055,500
2,495,500
1,057,000
1,015,000
563,500
1 655500
2,968,000
1,263,500
1,589,000
2,383,500
2,835,000
3,153,500
2,996,000
1662,500
392,000
3,500
-
-
1,228,500
2,019,500
Index price per Article
3
9.00
9.00
9.00
9.00
9.00
90t
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.
9.
9.
9.
C
9. 0
9.
9. 0
9.
9.
9.
9.
9. 0
9.
9.
9.
C
9.
9.
9.0
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
901
9.00
9.00
9.00
9.00
Ic/kwh Contract Rate
0.G7cfkwh Contract
5.47c/kwh Contract
2c/kwh Contract Rate adjustment for the first Rate adjustment for
Rate adjustment
adjustment
8 years per Article
year 9 through year 20 beginning in year 9 per
per Article 3.A
3.D.2
per Article 3.D.2
Article 3.D.1
2.00
(100)
2.00
(100)
2.00
(1.00)
2.00
(100)
2.00
(1.00)
2
(~
2.
(1.
2.
(1.
2.
(1.
2.0
(100)
2.
(1.
2.
(1.
2.
(1.
2.
(1.
2.
(1.
2.
(1.
2.
(1.00)
2
(100
2.0
(100)
2.
(100)
2.00
(1.00)
2.
(1.00)
2.
(1.00)
2.
(100)
2.
(1.00)
2.00
(100)
2.
(1.00)
2.00
(100)
2.
(1.00)
2
/100
2.
(100)
2.
(1.00)
2.
(1.00)
2.
(1.00)
2.00
(1.00)
2.
(100)
2.
(1.00)
2.
(1.00)
2.
(1.00)
2.
(1.00)
2.0
(1.00)
21
(100
2.0
(1.00)
2.0
(1.00)
2.0
(1.00)
2.0
(100)
2 of 8
Adjusted Contract Rate
received by NHHA /Briar
10.00
10.00
10.00
10.00
10.00
10
10.
10.
10.
10.
10.
10.
10.
10,
10.
10.
10.00
IOOC
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
IOOC
10.00
10.
10.
10.
10.
10. 0
10.
10.
10.
10.
10.
10
10.00
10.00
10.00
10.00
EXHIBIT 2
Generation and Article 3 Payment Terms Under the 1982 Contract
DEO9-1 74
Contract
Year
8
8
8
—
9
9
9
9
9
9
9
9
9
9
9
—
10
10
10
10
10
10
10
10
10
10
10
11
11
11
11
11
11
11
11
11
11
11
11
12
12
Month
Mar-91
Apr-91
May-91
Jun-91
JulAugSepOct
Nov.
DecJanFebMarAprMayJunJulAugSepOct92
Nov-92
Dec-92
Jan-93
Feb-93
Mar-93
Apr-93
May-93
Jun-93
Jul-93
Aug-93
Sep-93
Oct92
Nov-93
Dec-93
Jan-94
Feb-94
Mar-94
Apr-94
May-94
Jun-94
Jul-94
Aug-94
Sep-94
Oct94
Nov-94
Actual Generation
(kWh)
[Estimated
2oloforward)
—
—
2849,000
3,031,000
2,282,000
833,000
154,000
973,000
945,000
2667000
2,030,000
2,870,000
2,453,500
1,239,000
2,268,000
2,761,500
2,261,000
1,694,000
903,000
672,000
399,000
640500
1,785,000
1,522,500
966,000
1,078,000
1,491,000
3,181,500
1445,500
686,000
38,500
185,500
178,500
546000
1,309,000
2,803,500
1,340,500
1,491,000
2,772,000
2,436,000
3,563,000
892,500
619,500
504,000
584,500
437500
157,500
Index price per Article
3
9.00
9.00
9.00
9.00
9.00
9.00
9.00
SOC
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
SC
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
SC
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
SC
9.00
ic/kwh Contract Rate
0.67c/kwh Contract
5.47c/kwh Contract
2c/kwh Contract Rate adjustment for the first Rate adjustment for
Rate adjustment
adjustment
8 years per Article
year 9 through year 20 beginning in year 9 per
perArticle3.A
3D.2
perArticle3.D.2
Article3.D.1
2.00
2.00
2.00
2.00
2.00
2.00
2.00
(1.00)
(1.00)
(1.00)
(1.00/
(1.00/
(1.00)
(1.00)
06
0.67
0.67
0.67
0.67
0.
0. 7
0. 7
0.
0.
0.
0,67
06
0.67
0.67
0.67
0.67
0.67
0.67
0.67
0.67
0.67
0.67
0.67
06i
0.67
0.67
0.67
0.67
0.67
0.67
0.67
0.67
0.67
0.67
0.67
06
0.67
(b47
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(54’
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(~47
(5.47)
Adjusted Contract Rate
receivedbyNHHA/Briar
10.00
10.00
10.00
10.00
10.00
10.00
10.00
421
4.20
4.20
4.20
4.20
4.20
4.20
419 *
3.53
3,53
3.
3.
4
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4.
4
4.
4.
4.
4.
4.20
4.20
4.20
4,20
4.20
4.20
3.80
42
4.20
Yellow highlignting indicates the months in which the additional payments attributable to the 0.67 c/kwh adder exceeded (1/12) of the money subtracted during the first eight Contract years. The
3 of 8
EXHIBIT 2
Generation and Article 3 Payment Terms Under the 1982 Contract
DEO9-1 74
Actual Generation
ic/kwh Contract Rate
0.67c/kwh Contract
5.47c/kwh Contract
(kWh)
2c/kwh Contract Rate adjustment for the first Rate adjustment for
Rate adjustment
Contract
[Estimated
Index price per Article
adjustment
8 years per Article
year 9 through year 20 beginning in year 9 per
Year
Month
2010 forward]
3
per Article 3.A
3.D.2
per Article 3.D.2
Article 3.0.1
Contract rate was then reduced to 3.53 c/kwh per Article 3.D.2 for the remainder of the year.
12
Dec-94
2453,500
9.00
0.67
(5,47)
12
Jan-95
2,257,500
9.00
0.67
(5.47
12
Feb-95
1,435,000
9.00
0.67
(5.47
12
Mar-95
2,957,500
9.00
0.67
(5.47
12
Apr-95 —
1,918,000
9.00
0.67
(5.47
12
May-95
1,746,500
9.00
0.67
(5.47
12
Jun-95
696,500
9.00
0.67
(5.47
12
Jul-95
273,000
9.00
0.67
(5.47)
12
Aug-95
609,000
9.00
0.67
(5.47
12
Sep-95
9.00
0.67
(5.47)
13
Oct9
1316000
900
06
(51~
13
Nov-95
3,104,500
9.00
0.67
(5.47)
13
Dec-95
1,876,000
9.00
0.67
(5.47
13
Jan-96
2,033,500
9.00
0.67
(5.47)
13
Feb-96
2,390,500
9.00
0.67
(5.47)
13
Mar-96
2,856,000
9.00
0.67
(5.47)
13
Apr-96 —
3,048,500
9.00
0.67
(5.47)
13
May-96
3,097,500
9.00
0.67
(5.47)
13
Jun-96
1,347,500
9.00
0.67
(5.47)
13
Jul-96
1,760,500
9.00
0.67
(5.47)
13
Aug-96
241,500
9.00
0.67
(5.47)
13
Sep-96
140,000
9.00
0.67
(5.47)
14
Oct90 —
1512000
900
06
(~ 1.~
14
Nov-96
2,691,500
9.00
0.67
(5.47)
14
Dec-96 —
3,129,000
9.00
0.67
(5.47)
14
Jan-97 —
2,425,500
9.00
0.67
(5.47)
14
Feb-97
2,096,500
9.00
0.67
(5.471
14
Mar-97
2,674,000
9.00
0.67
(5.47)
14
Apr-97
2,943,500
9.00
0.67
(5.47)
14
May-97
3,003,000
9.00
0.67
(5.47)
14
Jun-97
672,000
9.00
0.67
(5.47)
14
Jul-97
427,000
9.00
0.67
(5.47)
14
Aug-97
9.00
0.67
(5.47)
14
Sep-97 —
133,000
9.00
0.67
(5.47)
15
Oct97
276500
900
064
(~547
15
Nov-97
2,037,000
9.00
0.67
(5.47)
15
Dec-97
1,575,000
9.00
0.67
(5.471
15
Jan-98
2,240,000
9.00
0.67
(5.47)
15
Feb-98
2,128,000
9.00
0.67
(5.47)
15
Mar-98
3,038,000
9.00
0.67
(5.47)
15
Apr-98
2,810,500
9.00
0.67
(5.47)
15
May-98 —
2,411,500
9.00
0.67
(5.47)
15
Jun-98
2,572,500
9.00
0.67
(5.47)
15
Jul-98
1,379,000
9.00
0.67
(5.47)
15
Aug-98
154,000
9.00
0.67
‘(5.47)
15
Sep-98
101,S00
9.00
0.67
(5.47)
4 of 8
Adjusted Contract Rate
received by NHHA /Briar
4.20
4
4
4
4
42
4
4
4
4
4
4
4
4
4
4
3
3
3
3
3
4.
4.2
4.2
4.2
4.2
4.2
3.7
3.5
3.5
3.5
3.5
4
4.2
4.
4.
4.
4.
4.
4. 0
4.
3.
3.
3.
EXHIBIT 2
Generation and Article 3 Payment Terms Under the 1982 Contract
DE09-174
Contract
Year
16
16
16
16
16
16
16
16
16
16
16
16
17
17
17
17
17
17
17
17
17
17
17
17
18
18
18
18
18
18
18
18
18
18
18
18
19
19
19
19
19
19
19
19
19
19
Month
Oct-98
Nov-98
Dec-98
Jan-99
Feb-99
Mar-99
Apr-99
May-99
Jun-99
Jul-99
Aug-99
Sep-99
Oct-99
Nov-99
Dec-99
Jan-00
Feb-00
Mar-00
Apr-00
May-00
Jun-00
Jul-00
Aug-00
Sep-00
Oct-00
Nov-00
Dec-00
Jan-01
Feb-01
Mar-01
Apr-01
May-01
Jun-01
Jul-01
Aug-01
Sep-01
Oct-01
Nov-01
Dec-01
Jan-02
Feb-02
Mar-02
Apr-02
May-02
Jun-02
Jul-02
Actual Generation
(kWh)
[Estimated
— 2010 forward]
1,015,000
861,000
1,039,500
—
689,500
2,261,000
3,031,000
2,488,500
1,274,000
161,000
105,000
-
—
—
1,781,500
1,715,000
1,732,500
2,086,000
1,944,950
1,236,550
3,584,000
2,884,000
2,985,500
2,079,000
906,500
1,484,000
-
1,361,500
1,792,000
1,239,000
1.144,500
1,956,500
2,824,500
1,610,000
2,040,500
371,000
-
—
42,000
122,500
581,000
476,000
878,500
2,334,500
2,730,000
3,010,000
2,422,000
304,500
Index pnce per Article
3
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
ic/kwh Contract Rate
0.67c/kwh Contract
5.47o/kwh Contract
2c/kwh Contract Rate adjustment for the first Rate adjustment for
Rate adjustment
adjustment
8 years per Article
year 9 through year 20 beginning in year 9 per
per Article 3.A
3.D.2
per Article 3.D.2
Article 3.D.i
0.67
i 4
0.67
(5.47)
0.67
(5.47)
0.67
(5.47
0.67
(5.47
0.67
(5.47
0.67
(5.47
0.67
(5.47
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5 1 1
0.67
(5.47)
0.67
(5.47)
0.67
(5.47
0.67
(5.47
0.67
(5.47
0.67
(5.47
0.67
(5.47
0.67
(5.47
0.67
(5.47
0.67
(5.47
0.67
(5.47
0.67
1 1 )
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
5
of
8
Adjusted Contract Rate
received by NHHA /Briar
4.20
4.20
4.20
4.20
4.20
4.20
4.20
4.20
4.
4.
4.
4.
4,
4.
4.20
4.20
4.20
4.20
4.20
4,20
3.64
3.53
3.53
3.53
4.20
4
42
42
4. 0
4. 0
4.
4.
4.
4.
4.2
4.20
4.20
4.20
4.20
4.20
4.20
4.20
4.20
EXHIBIT 2
Generation and Article 3 Payment Terms Under the 1982 Contract
DEO9-174
Contract
Year
19
19
20
20
20
20
20
20
20
20
20
20
20
20
21
21
21
21
21
21
21
21
21
21
21
21
22
22
22
22
22
22
22
22
22
22
22
22
23
23
23
23
23
23
23
23
Month
Aug-02
Sep-02
Oct-0
NovDecJan- 3
Feb-0
MarAprMayJunJulAugSepOct-0
NovDecJanFebMarApr-04
May-04
Jun-04
Jul-04
Aug-04
Sep-04
Oct-04
Nov-04
Dec-04
Jan-05
Feb-05
Mar-05
Apr-05
May-05
Jun-OS
Jul-OS
Aug-05
Sep-05
Oct-05
Nov-05
Dec-05
Jan-06
Feb-06
Mar-06
Apr-06
May-06
Actual Generation
(kWh)
[Estimated
2oioforward]
-
—
14000
350000
1869,000
1,928,500
1,438,500
994,000
1,921,500
3,223,500
3,108000
1,760,500
105,000
1,599,500
871,500
2,005,500
2,667,000
3,139,500
2,103,500
885,500
2,380,000
-
—
—
5,824,000
1,337,000
840,000
749,000
1,407000
1,011,500
1,410,500
3,069,500
2,212,000
2,030,000
1,865,500
3,237,500
2,772,000
1,438,500
1,841,000
357,000
143,500
2,243,500
3,104,850
2,715,650
3,216,500
2,551,500
2,177,000
2,278,500
2,576,000
Indes price per Article
3
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
ic/kwh Contract Rate
0,67c/kwh Contract
5.47clkwh Contract
2c/kwh Contract Rate adjustment for the first Rate adjustment for
Rate adjustment
adjustment
8 years per Article
year 9 through year 20 beginning in year 9 per
perArticle3.A
3.D.2
perArticle3.D.2
Article3.D.i
0.67
(5.47)
0.67
(5.47)
0.67
( )
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47)
0.67
(5.47
0.67
(5.47
0,67
(5.47
0.67
(5.47
0.67
(5.47
0.67
(5.47
1
(5.47
(5.47
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(~
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
) )
(5.47)
(5.47)
(5.47)
(5.47>
(5.47)
(5.47)
(5.47)
6 of 8
Adjusted Contract Rate
receivedbyNHHA/Briar
4.20
4.20
4.20
4.20
4.20
4.20
4.20
4.20
4.20
4.20
4.20
4.20
4.20
3.70
3.53
3.53
3.
3.
3.
3.
3.5
3.
3.
3.
3’
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.
3.53
3.53
EXHIBIT 2
Generation and Article 3 Payment Terms Under the 1982 Contract
DEO9-1 74
Contract
Year
Month
23
23
23
23
24
24
24
24
24
24
24
24
24
24
24
24
25
25
25
25
25
25
25
25
25
25
25
25
26
26
26
26
26
26
26
26
26
26
26
26
27
27
27
Jun-06
Jul-06
Aug-06
Sep-06
Oct-08
Nov-06
Dec-06
Jan-07
Feb-07
Mar-07
Apr-07
May-07
Jun-07
Jul-07
Aug-07
Sep-07
Oct-07
Nov-07
Dec-07
Jan-08
Feb-08
Mar-08
Apr-08
May-08
Jun-08
Jul-08
Aug-08
Sep-08
Oct08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
Jul-09
Aug-09
Sep-09
Oct~0c
Nov-09
Dec-09
27
27
27
Jan-10
Feb-10
Mar-10
Actual Generation
(kWh)
[Estimated
2010 forward]
—
—
—
—
Index price per Article
3
3069,500
2,541,000
1141,000
598,500
2117500
2,691,500
3,024,000
2,586,500
602,000
2,285,500
3,003,000
2,709,000
1,540,000
1,102,500
220,500
199,500
906500
1,571,500
1,736,000
2,450,000
2,831,500
3,272,500
2,961,000
2,061,500
763,000
1,400,000
1,823,500
1,648,500
2030000
2,194,500
3,097,500
1,960,000
1,484,000
3,136,000
2,950,500
2,072,000
2,289,000
2,782,500
2,278,500
1,127,000
1914500
2,677,500
2,775,000
9.00
9.00
9.00
9.00
90C
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
90C
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
90C
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
90C
9.00
9.00
1,962,695
1,463,805
2,491,300
9.00
9.00
9.00
ic/kwh Contract Rate
0.67c/kwh Contract
5.47c/kwh Contract
2c/kwh Contract Rate adjustment for the first Rate adjustment for
Rate adjustment
adjustment
8 years per Article
year 9 through year 20 beginning in year 9 per
per Article 3.A
3.0.2
per Article 3.D.2
Article 3.D.1
7 of 8
Adjusted Contract Rate
received by NHHA /Briar
(5.47)
(5.47j
(5.47)
(5.47)
(54
(5.47
(5.47
(5.47
(5.47
(5.47
(5.47
(5.47
(5.47
(5,47
(5.47
(5.47
3.53
3.53
3.53
3.53
3
3
3
3
3
3
3
3
3
(5.47
(5.47
(5.47
(5.47
(5.47
(5.47
(5.47
(5.47
(5.47
(5.47)
(5.47)
3
3
3
3
3
3
3
3
3
3
3
(5.47
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(4~
(5.47)
(5.47
3
3
3
3.
3.5
3.
3.
3.
3.
3.
3.
(5.47)
(5.47)
(5.47)
3.
3.
3.
I
3.
3.
EXHIBIT 2
Generation and Article 3 Payment Terms Under the 1982 Contract
DEO9-1 74
Contract
Year
27
27
27
27
27
27
28
28
28
28
28
28
28
28
28
28
28
28
29
29
29
29
29
29
29
29
29
29
29
29
30
30
30
30
30
30
30
30
30
30
30
30
Month
Apr-10
May-10
Jun-10
Jul-10
Aug-10
Sep-10
Octi
Nov-10
Dec-10
Jan-li
Feb-11
Mar-11
Apr-11
May-11
Jun-11
Jul-11
Aug-11
Sep-11
Octl
Nov-il
Dec-11
Jan-12
Feb-12
Mar-i
Apr-i
May-i
Jun-12
Jul-i
Aug-i
Sep-i
Oct
Nov-i
Dec-i
Jan-i
Feb-i
Mar-i
Apr-i
May-I
Jun-i
Jul-I
Aug-i
Sep-13
Actual Generation
(kWh)
[Estimated
2oloforwardl
2,609,250
2,872,800
1,873,900
1,219,400
737,450
666,400
1242150
1,872,535
2,316,965
1,962,695
1,463,805
2,491,300
2,609,250
2,872,800
1,873900
1,219,400
737,450
666,400
1242150
1,872,535
2,316,965
1,962,695
1,463,805
2,491,300
2,609,250
2,872,800
1,873,900
1,219,400
737,450
666,400
1242150
1,872,535
2,316,965
1,962,695
1,463,805
2,491,300
2,609,250
2,872,600
1,873,900
1,219,400
737,450
666,400
Indes price per Article
3
9.00
9.00
9.00
9.00
9.00
9.00
91
9.0
9.0
9.0
9.0
9.0
9.0
9.0
9.0
9.0
9.0
9.0
91
9.0
9.00
9.0
9.0
9.
9.
9.
9.
9.00
9.
9.
9
9,
9.
9.00
9.00
9.00
9.00
9.00
9.00
9.00
9.00
ic/kwh Contract Rate
0.67c/kwh Contract
5.47cfkwh Contract
2c/kwh Contract Rate adjustment for the first Rate adjustment for
Rate adjustment
adjustment
8 years per Article
year 9 through year 20 beginning in year 9 per
perArticle3.A
3.D.2
perArticle3.D.2
Article3.D.l
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(51~
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.47)
(5.471
(5.47/
(5.47)
(5.47)
(5.47)
(5.471
(5.471
(5.47)
(5.47
(5.47
(5.47
(5.47
(5.47
(547
(5.47
(.,1
(5.47
(5,47
(5.47
(5.47)
(5.47)
(5.47)
(5.471
(5.471
(5.471
(5.471
8 of 8
Adjusted Contract Rate
receivedbyNHHA/Briar
3.53
3.53
3.53
3,53
3.53
3.53
35
3.53
3.53
3.53
3.53
3.53
3,53
3.53
3,53
3.53
3.53
3.53
35~
3.53
3.53
3.53
3.53
3.53
3.53
3.53
3.53
3.53
35
3.5
3
3.5
3,53
3.53
3.53
3.53
3,53
3.53
3,53
3.53
3.53