BC Hydro Bioenergy Call for Power (Phase I) – Appendix 3 - Proposal Letter SCHEDULE A PROJECT PRICE FORM Issued: February 29, 2008 Revised: March 14, 2008 Note: This document is Schedule A to the Proposal Letter. Only one Schedule A (Project Price Form) per Proposal is permitted. This Schedule is a form field document. Enter data only in the form fields. All other text is in read only format. Follow the instructions under “Description of Data”. Full Legal Name of Proponent: Project Name: This Schedule sets out the Proponent’s proposed pricing for the Proposal. In this Schedule: (a) “COD” has the meaning given in the Specimen EPA; and (b) “CPI” means the Consumer Price Index for British Columbia, All Items (Not Seasonally Adjusted) as published by Statistics Canada. Revised March 14, 2008 1 BC Hydro Bioenergy Call for Power (Phase I) – Appendix 3 - Proposal Letter 1. Project Price Ref. # Description of Data Proposed Data 1.1 Term: Using a whole integer, state the number of years of the proposed term of the EPA (the “Term”) commencing on COD. years The Term should be not greater than 20 years and not less than 5 years. 1.2 Guaranteed COD: State the month and year of the Month: (blank) proposed guaranteed COD (which should be not later than November 2012). Guaranteed COD is understood Year: (blank) to be the 1st day of the proposed month. 1.3 Pricing: State the proposed firm energy price for the $ Term, expressed in Canadian $ per MWh (as of January 1, 2008). 1.4 Escalation: State a percentage of the firm energy price, Pre COD: in whole integers, that will be subject to annual escalation at CPI from (a) January 1, 2008 to COD Post COD: (“Pre-COD”), and (b) COD to the end of the Term (“Post-COD”). The Pre-COD escalation will end, and the Post-COD escalation will begin, on the earlier of COD and guaranteed COD. The escalation percentage applicable to the pre-COD firm energy price may be not greater than 300% and not less than 0%. The escalation percentage applicable to the post-COD firm energy price may be not greater than 50% and not less than 0%. Revised March 14, 2008 2 per MWh % % BC Hydro Bioenergy Call for Power (Phase I) – Appendix 3 - Proposal Letter 2. Hourly Firm Energy Profile Complete the hourly firm energy (“HFE”) profile set out below, in accordance with the guidelines that follow this paragraph. The HFE profile determines the amount of electrical energy the Proponent is proposing be delivered under the EPA from its Project, failing which liquidated damages will apply. An annual profile will be applicable under the EPA in each year of the Term commencing on COD. Under the EPA, BC Hydro will purchase associated non-firm energy as specified in the Specimen EPA. Completion guidelines: (a) “Peak”, “Super-peak” and “Off-peak” have the meanings given in the Specimen EPA. (b) Assume no leap year in completing the table. The table will be subject to adjustment for leap years under the EPA. (c) Round MWh/h to two decimal places. (d) Assume no Planned Outages (as defined in the Specimen EPA) in completing the table. (e) The table should reflect Energy deliveries at the POI (all as defined in the Specimen EPA). (f) The aggregate HFE for May, June and July should not be greater than 25% of the annual HFE. Peak Super-peak Off-peak (MWh/h) (MWh/h) (MWh/h) January February March April May June July August September October November December Revised March 14, 2008 3 BC Hydro Bioenergy Call for Power (Phase I) – Appendix 3 - Proposal Letter 3. Hourly Generation Base Line Profile If the Project involves incremental self-generation, complete the hourly generation base line (“GBL”) profile set out below, in accordance with the guidelines that follow this paragraph. The GBL profile sets out the base line of electrical energy production that a Project must generate in each identified period before a Seller can deliver hourly firm energy in that period under the terms of the EPA. The annual profile will be applicable under the EPA in each year of the Term commencing on COD. Completion guidelines: (a) “Peak”, “Super-peak” and “Off-peak” have the meanings given in the Specimen EPA. (b) Assume no leap year in completing the table. The table will be subject to adjustment for leap years under the EPA. (c) Round MWh/h to two decimal places. (d) Assume no Planned Outages (as defined in the Specimen EPA) in completing the table. (e) The table should reflect GBL production levels as measured at the POI (as defined in the Specimen EPA). (f) For further completion guidelines, refer to the attached Example #1. Peak Super-peak Off-peak (MWh/h) (MWh/h) (MWh/h) January February March April May June July August September October November December Revised March 14, 2008 4 BC Hydro Bioenergy Call for Power (Phase I) – Appendix 3 - Proposal Letter Example #1 [Note to Proponents: This is an example only, and does not form any part of the Proposal.] 1. For reference purposes, the table below shows both (i) the average number of Sundays and NonSundays in each of the 12 calendar months (e.g. number of Sundays in January = 31/365x52 = 4.4 days), and (ii) using the average number of Sundays and Non-Sundays, the total number of hours in each of the Super-Peak, Peak and Off-Peak periods in each month (e.g., Super Peak hours in January = 4 hours per day x 26.6 days of Non-Sunday = 106.3 hours). Note that there are 8,760 hours in a non-leap year. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Days [days] 31 28 31 30 31 30 31 31 30 31 30 31 Sundays [days] 4.4 4.0 4.4 4.3 4.4 4.3 4.4 4.4 4.3 4.4 4.3 4.4 NonSundays [days] 26.6 24.0 26.6 25.7 26.6 25.7 26.6 26.6 25.7 26.6 25.7 26.6 Super Peak [hours] 106.3 96.0 106.3 102.9 106.3 102.9 106.3 106.3 102.9 106.3 102.9 106.3 Peak [hours] 319.0 288.1 319.0 308.7 319.0 308.7 319.0 319.0 308.7 319.0 308.7 319.0 Off-Peak [hours] 318.7 287.8 318.7 308.4 318.7 308.4 318.7 318.7 308.4 318.7 308.4 318.7 Total [hours] 744.0 672.0 744.0 720.0 744.0 720.0 744.0 744.0 720.0 744.0 720.0 744.0 Total 365 52.0 313.0 1252.0 3756.0 3752.0 8760.0 2. In the hourly generation base line profile table provided in Section 3 of Schedule A, and with reference to the requirements set forth in paragraph 3 below, the Proponent should allocate all of its pre-approved annual GBL among the indicated hourly profile periods, in MWh/h. An example hourly generation base line profile is provided below, where it is assumed that the pre-approved annual GBL is 177,100 MWh / year. Peak Super-peak Off-peak (MWh/h) (MWh/h) (MWh/h) January 25 30 20 February 25 30 20 March 20 25 15 April 20 25 15 May 20 25 15 June 20 25 15 July 20 25 15 Revised March 14, 2008 5 BC Hydro Bioenergy Call for Power (Phase I) – Appendix 3 - Proposal Letter 3. August 20 25 15 September 20 25 15 October 20 25 15 November 25 30 20 December 25 30 20 To confirm that the pre-approved annual GBL has been appropriately allocated, the Proponent should: (a) calculate the GBL output in each hourly profile period over the course of the year by multiplying (i) the applicable hours in that period (i.e., taken from the table of hours in paragraph 1 above), by (ii) the hourly GBL allocated for that period (i.e., taken from the Proponent’s hourly generation base line profile); and then (b) totalling the GBL outputs for all hourly profiles to state the annual GBL. The total GBL outputs for all hourly profiles must equal the pre-approved annual GBL. If these two amounts are not equal, the Proponent must make an appropriate adjustment to the hourly GBL allocations in the Proponent’s hourly generation base line profile. A calculation of the annual GBL follows, assuming the hourly generation base line profile used in paragraph 2 above. By way of example, the Super-Peak GBL output for January = 106.3 hours x 30 MWh/h = 3,190 MWh. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Super Peak GBL [MWh] 3190 2881 2658 2573 2658 2573 2658 2658 2573 2658 3087 3190 Peak GBL [MWh] 7975 7203 6380 6174 6380 6174 6380 6380 6174 6380 7718 7975 Off-Peak GBL [MWh] 6373 5756 4780 4626 4780 4626 4780 4780 4626 4780 6168 6373 Total GBL [MWh] 17538 15841 13818 13373 13818 13373 13818 13818 13373 13818 16973 17538 Total 33358 81294 62448 177100 Revised March 14, 2008 6