Agenda - 12-11-2008 - 3a - Laserfiche WebLink

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60 d. increases) or below (for decreases) the Forecasted Carbon Price for such month; provided, however that the Flare Percentage for any month shall not be adjusted in a manner that results in the adjusted Flare Percentage equaling a percentage greater than 8.51% or less than 2.09%. For purposes of calculating adjustments under this Paragraph 123, the Flare Percentage shall rese~,each month to five and ~_~~,.~ three-tenths percent (5.3%). For the avoidanceo#~ambiguity and by way of ~~, `~ ~, le onl if the Flare Percents a is ad'~i~~in J`~u~u~ry 2015 from five and examp Y~ g ~ ~. ~~~ ~ three-tenths percent (5.3%) to six percent (6.0%}, the Flare Y.eentage shall reset ~}:~, ..vyy,` `U.r„ "~~~{.: .~v].4~r .. to five and three-tenths percent (5.3%) for purposes of culating any ~._ adjustments to the Flare Percentage for the month of February 2015. `t~.. ~ .,~ ,w ~ .. If there is a positive or n ~_gati.~c 8ifference between the Average Allowance { ~.._ . Market Price of an Emissions ~.,w,, o.,v~Y„~'J~e icy :, given month and the Forecasted ~~ Carbon Price for such month,'~~the following adjustment to the Conversion Percentage for such month shall be~~";~ ade: The Conversion Percentage shall be ~~~~~ ~` ~ or decreased by 1.12% for each whole dollar (rounded down to the ~ ~T~ ~~ ~- nearest whul~~dollar) that the Average Allowance Market Price for such month is ~' `~ x ~~.`~ ~~'~ither abovr~4 increases) or below (for decreases) the Forecasted Carbon Price ~:~._ C~ provided, however that the Conversion Percentage for any month ~~n ~~:~ shall n~~be adjusted in a manner that results in the adjusted Conversion Percentage equaling a percentage greater than 26.68% or less than, 6.52%. For purposes of calculating adjustments under this Paragraph 123, the Conversion Percentage shall reset each month to sixteen and six-tenths percent (16.6%). For the avoidance of ambiguity and by way of example only, if the Conversion 37 {00018638.DOC 16}