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RJC <br />~ <br />~ <br />CAPP BOARD MEETING <br />December 4, 2008 <br />CONSULTANT'S REPORT <br />MF.MBERSHIP UPDATES <br />The City of Palmer passed the resolution to join CAPP, but is holding the resolution <br />while exploring the possibility of terminating a current electric contract in order to being <br />service through CAPP. The Cities of Carrollton, Haskell, Heath, Irving, Iowa Park, <br />Killeen, Lamesa, Trophy Club MD, and Waxahachie have opted not to participate in the <br />5 year contract and have withdrawn hom CAPP in 2009. <br />FINAL CONFIRMED PRICING UNDER FNE YEAR CONTACT <br />FPLE has submitted their final calculation of pricing under the five year contract. <br />Pricing is very close to the original estimates provided by RJC. Final pricing is shown <br />below. <br />Final FPLE Conflnned Pricing Under Five Year Contract <br />(¢IkWh, w/ DEBS Fee) <br />North Zone <br />West Zone <br />South Zone <br />Houston Zone <br />2009 <br />2010 <br />2011 <br />2012 <br />2013 <br />6.974 <br />7.708 <br />7.895 <br />7.883 <br />7.878 <br />5.257 <br />5.781 <br />5.914 <br />5.905 <br />5.801 <br />7.109 <br />7.854 <br />8.044 <br />8.031 <br />8.026 <br />7.451 <br />8.243 <br />8.447 <br />8.434 <br />8.428 <br />There is a potential for minor adjustments in these prices in the future if the nodal <br />market is ever implemented in ERCOT or if there are significant changes in the costs of <br />ancillary services or the overall CAPP and STAP load in the years 2012 and 2013. It is <br />anticipabed that if any of these poeential adjustments are ever realized, their impact <br />would be minor. <br />ENERGY PR1CE UPDATE FOR 2QQ6 <br />Energy prices moved downward in early November, but have been trading in a stable <br />band of pricing for the past three weeks. OPEC oil prices have been trading in a range <br />of $43/bbl to $54/bbl. Natural gas spot prices at the Houston Ship Channel have ranged <br />from $5.90/MMBtu to $6.65/MMBtu. NYMEX natural gas futures prices have been <br />approxunately $1/MMBtu higher with the 2009 12 month strip price ranging from <br />1 [;O() 18~ <br />