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1. A 24-year fixed price contract for approximately 70% <br />(that is, baseload - 24/7/365 use) of participants historic <br />use. <br />2. CAPP issues bonds to pre-pay capacity portion (3/5) of <br />the PPA. <br />3. Participants enter a contract with CAPP that pledges <br />taxing authority to fulfill the debt service obligation (3/5 <br />of the contract price). <br />4. The energy cost under the PPA (2/5 of the PPA price) is <br />blended with other supply agreement priced at market <br />cost and billed by the Retail Electric Provider (REP). <br />Stahrlilc in /:nerKp Cra.sts dr 7eza.s Citie.5 <br />v 0 0017 i 5 <br />