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Agenda - 02-03-2009 - 6b
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Agenda - 02-03-2009 - 6b
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Last modified
3/21/2016 10:50:10 AM
Creation date
1/30/2009 3:34:02 PM
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BOCC
Date
2/3/2009
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
6b
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Minutes - 20090203
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\Board of County Commissioners\Minutes - Approved\2000's\2009
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42 <br /> University shall apply the Emission Allowance Price Methodology to compare the <br /> Average Allowance Market Prices and the Forecasted Carbon Prices for the <br /> applicable month of the Agreement. <br /> c. If there is a positive or negative difference between the Average Allowance <br /> Market Price of an Emissions Allowance for the giv, : •• • • and the Forecasted <br /> Carbon Price for such month,the following ad ..• • the Flare Percentage for <br /> such month shall be made: The Flare Perceip. I shall . ,°�< • - • or decreased <br /> by 0.357% for each whole dollar (rounded down to the neare '` - e •,•liar) that <br /> the Average Allowance Market Price for such month is ei above (for <br /> increases) or below (for --;r reases) the Forecasted Carbon Price for such month; <br /> provided, however that the I.lop'.�-ntage for any month shall not be adjusted <br /> in a manner that results in t -• -ntage equaling a percentage <br /> greater than 8.51% or less than /o. For purposes of calculating adjustments <br /> under this Paragraph 122, the Flare centage shall reset each month to five and <br /> • percent (5.3%). For the avoidance of ambiguity and by way of <br /> example • the Flare Percentage is adjusted in January 2015 from five and <br /> =--tenths • nt(5.3%) to six percent(6.0%), the Flare Percentage shall reset <br /> to and .4. ---tenths percent (5.3%) for purposes of calculating any <br /> adj •••, to the Flare Percentage for the month of February 2015. <br /> d. If there is a positive or negative difference between the Average Allowance <br /> Market Price of an Emissions Allowance for the given month and the Forecasted <br /> Carbon Price for such month, the following adjustment to the Conversion <br /> 37 <br /> (00018638.DOC 21) <br />
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