120 Adelaide Street West, Suite 1600 Toronto, Ontario M5H 1T1 T 416-967-7474 F 416-967-1947 www.ieso.ca Instructions for the Prescribed Form – Proposal Price Statement Page i of ii Mar 2015 IESORP/f-LRPIRFP-003r2 This page sets out the instructions for completing the Prescribed Form – Proposal Price Statement. All capitalized terms used in these instructions and the Prescribed Form – Proposal Price Statement, unless otherwise stated, have the meanings ascribed to them in the LRP I RFP. INSTRUCTIONS APPLICABLE TO ALL PRESCRIBED FORMS: a. The first page of a Prescribed Form must be marked with the name of the Large Renewable Project that is the subject of the Proposal. The Registered Proponent should use the name given to the Large Renewable Project in the Prescribed Form – Registration Form. b. This instruction page is not required to be submitted with the Proposal. c. Information provided in each Prescribed Form should be consistent with the information provided in the Proposal. d. Where the Prescribed Form has multiple pages, the pages of the Prescribed Form should be kept together in the Proposal in sequential order. e. Where a blank field for a section/page reference is provided in a Prescribed Form, enter the section/page reference of the Proposal where the substantiating evidence for that particular item can be found. f. Apart from the completion of any blanks, drop down lists, check boxes or similar uncompleted information in a Prescribed Form, no amendments may be made to the wording of a Prescribed Form. g. Each Prescribed Form must be completed in its entirety. Fields marked <if applicable> must be completed if applicable to the Proposal. If not applicable, they should be marked "not applicable". h. If the signature of the Registered Proponent is required for a Prescribed Form, the Prescribed Form must be signed by a person with authority to bind the Registered Proponent. i. With the exception of this instruction page, instructions within a Prescribed Form will be enclosed in brackets. INSTRUCTIONS SPECIFIC TO THE PRESCRIBED FORM – PROPOSAL PRICE STATEMENT: j. One original hard copy of the Prescribed Form – Proposal Price Statement must be contained in a separate, opaque and sealed envelope marked “Proposal Price Statement” and must be included in the Proposal package. k. The envelope containing the Prescribed Form – Proposal Price Statement should clearly state the Registered Proponent’s name and the name of the Large Renewable Project. l. The Proposal Price shall not be disclosed or described in any other part of the Proposal, failing which, the Proposal shall be rejected. m. The values to be set out in the Prescribed Form – Proposal Price Statement must be entered precisely in numeric form using the format provided in this Prescribed Form – Proposal Price Statement, without further information, condition or qualification whatsoever. Any deviation from the required format of the Prescribed Form – Proposal Price Statement whatsoever, including, but not limited to, the provision of a price range, conditional price, qualified price, or an incomplete price, a range of values, conditional values, qualified values, incomplete values, or the provision of escalation or indexing 120 Adelaide Street West, Suite 1600 Toronto, Ontario M5H 1T1 T 416-967-7474 F 416-967-1947 www.ieso.ca Instructions for the Prescribed Form – Proposal Price Statement Page ii of ii Mar 2015 IESORP/f-LRPIRFP-003r2 that differs from what is provided in the LRP I Contract will result in the rejection of the Proposal. The IESO will check the Prescribed Form – Proposal Price Statement for accuracy and compliance. Both an On-Peak Price and an Off-Peak Price should be entered. If only a single price is entered, the IESO will assume this price is valid for both the On-Peak Price and the Off-Peak Price. The Off-Peak Price must be: (i) less than or equal to the On-Peak Price; (ii) greater than or equal to zero dollars ($0.00); and (iii) if the On-Peak Price is greater than the Maximum Weighted Price, the Off-Peak Price must be no less than fifty per cent (50%) of the On-Peak Price. n. The Registered Proponent shall be wholly responsible for the Prescribed Form – Proposal Price Statement. The IESO shall in no circumstance adjust, amend or otherwise alter any value set out in the Prescribed Form – Proposal Price Statement regardless of whether or not the IESO perceives or otherwise has reason to believe that the values set out are incorrect. o. For any parameters that are stated in terms of Dollars and Cents per unit, the Dollars and Cents are to be exclusive of any applicable HST. THE REMAINDER OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK 120 Adelaide Street West, Suite 1600 Toronto, Ontario M5H 1T1 T 416-967-7474 F 416-967-1947 www.ieso.ca Prescribed Form – Proposal Price Statement Page 1 of 1 Mar 2015 IESORP/f-LRPIRFP-003r2 Name of the Large Renewable Project: <insert name of Large Renewable Project> Registered Proponent: <insert legal name of the Registered Proponent> Renewable Fuel of the Large Renewable Project: <select one> Contract Capacity of the Large Renewable Project <MW>: <insert the Contract Capacity of the Large Renewable Project in MW> Capitalized terms not defined herein have the meanings ascribed to them in the LRP I RFP. <The On-Peak Price and Off-Peak Price must be expressed in numeric values> On-Peak Price ($/MWh): . Off-Peak Price ($/MWh): . None of the financial parameters provided in the Prescribed Form - Proposal Price Statement will be subject to any escalation or indexing between the Proposal Submission Deadline and the Commercial Operation Date. The undersigned acknowledges and agrees that it has carefully reviewed all of the information provided in this Prescribed Form – Proposal Price Statement including, without limitation, all numeric values and their corresponding units of measure, and confirms all of the same to be complete and accurate. The legal name of the Registered Proponent is: <insert legal name of Registered Proponent> Signature: Name: Dated this day of , 20 Title: I have the authority to bind the Registered Proponent.