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59 <br />b. <br />c. <br />methodology meeting criteria mutually acceptable to the Parties that shall permit <br />the Parties to perform a comparison of the Average Allowance Market Prices and <br />the Forecasted Carbon Prices by reference to (i) data showing the prices at which <br />Emission Allowances were purchased and sold in the regulated carbon market <br />established in the United States under federal legislation enacting aCap-and- <br />Trade System, and (ii) such other information that the Carbon Price Consultant <br />determines is customary anal reasonable in the carbon consulting industry. The <br />.~_ <br />Carbon Price Consultant shall <br />Allowance Price Methodology. <br />' agreement on the Emission <br />ins the Emission Allowance <br />...~ ~_~: <br />Price Methodology shall be submitted to '~1s~ute Resolution in accordance with <br />~,. <br />t~. <br />Article XI of this Agreement. ~~_''~ ~ <br />,. <br />Flare and Conversion Payment Adjustments. Begng in 2015 and continuing <br />through they `auvng Term of the Agreement, in any month in which aCap-and- <br />TradaF~~~stem has be'~n enacted under federal legislation in the United States, the <br />University shy'"` ~ ~ p3~ t1~~~~,~~~`~'Allowance Price Methodology to compare the <br />Average Allowance~~~.~.,,,Aarket Prices and the Forecasted Carbon Prices for the <br />applicable month of <br />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 Flare Percentage for <br />such month shall be made: The Flare Percentage shall be increased or decreased <br />by 0.357% for each whole dollar (rounded down to the nearest whole dollar) that <br />the Average Allowance Market Price for such month is either above (for <br />36 <br />{00018638.DOC 16} <br />