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29 <br />underlying data set is "Monthly Gas Price Assessments -Inside FERC". The value for <br />September 2008 was $8.45 per million Btu. <br />6. Cap-and-Trade System means a system that (i) establishes a total cap on GHG <br />emissions from an identified group of GHG. emitters; (ii) establishes a market for Emission <br />Allowances; and (iii) allows trading of Emission .Allowances among GHG emitters. <br />7. Carbon Credit means any contractual, equitable or statutory legal right, interest, <br />credit, offset, entitlement, benefit, allowance or certificate evidencing a reduction from the <br />~. <br />environment of one metric ton of carbon dioxide or <br />local Governmental Authority pursuant to <br />for reductions of GHG emissions, or (ii) an <br />recognized standards for establishing emissions reduction <br />verified by (i) a federal, state, or <br />a regulatory market <br />third-party utilizing nationally- <br /> <br />with non-regulated, <br />voluntary projects or activities. .~~' <br />~t..:~ <br />~. Carbon P,~i~ ~ uitant means an independent, qualified nationally-recognize <br />,~~,k. o <br />.,~ <br />consulting firm wi 'n~f cant ~~perience iu the regulated carbon markets established in the <br />~,.,. <br />United States under feder~le ' ~ja '` ,,~~.ac ' ,y_ ~ a Cap-and-Trade System and the price o <br />~ ~~ ~~~: <br />~~ <br />Emission Allowances in such marl~e~t~, <br />9. C02e means carbo `' , oxide equivalent, or the base reference for the <br />~'" <br />determination of Global Warming Potential of Greenhouse Gases of a similar amount of carbon <br />dioxide. <br />10. Conversion M11~TU HHV has the meaning set forth in Paragraph 119 of this <br />Agreement. <br />11. Conversion Payment has the meaning set forth in Paragraph 118 of this <br />Agreement. <br />6 <br />{00018638.DOC 16} <br />