Agenda - 02-17-2009 - 4l - Laserfiche WebLink

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se€SCF/month and shall be equal to the product of(a)the percent methane by volume, and(b)the LFG measured in sefSCF/month at Meter Point A (the "Meter Point A Methane Content"). For purposes of determining the Conversion Payment, the total monthly heating energy content of the LFG measured at Meter Point A(the"Conversion MMBTU HHV") shall be obtained by dividing the product of(a)the Meter Point A Methane Content,and(b) 1,012,by 1,000,000. Expressed in a formula,the Conversion MMBTU HHV=Meter Point A Methane Content x 1012_ 1,000,000. 119. For a given month during the Term of this Agreement, the Conversion Payment shall be equal to the product of(a)the Conversion Percentage,as such percentage may be adjusted in accordance with Subpart E of this Article VII, and (b) the product obtained by multiplying (i) the Conversion MMBTU HHV for such month by(ii)the lesser of the BTU Equivalent Price or the Adjusted BTU Equivalent Price. Expressed in a formula, the County's monthly Conversion Payment = (4660.166 (as may be adjusted) x (Conversion MMBTU HHV) x BTU Equivalent Price or Adjusted BTU Equivalent Price, whichever is less. A sample calculation of the Conversion Payment is shown in Exhibit F. 120. The Parties recognize that the regulations, policies and procedures governing reductions in GHG emissions and associated markets for Environmental Benefits, including Carbon Credits and Emission Allowances,are evolving. Accordingly,the University will strive to adopt cost effective practices with respect to the LFG Project to maximize the Environmental Benefits resulting from the project and to measure and document them in a way that meets both the University's internal carbon reduction objectives and the County's objective to generate economic benefits. E. Adjustments to County Payments 121. General. During the Term of this Agreement,the Parties acknowledge that changes in the renewable energy marketplace and in the regulation of GHG emissions may occur that may 34 {00018638.DOC 21-24}