Extract to table

Existing Indebtedness Must Be Retired at Closing

Approximately 71% of hydroelectric PPA revenue is derived from must-take or full-output structures

Under the majority of the hydroelectric PPAs (14 of 19), the off-taker is required to compensate Cascadia for economic curtailment at the full contract price for the curtailed energy

The Bull Run Concession contains a limited gain-sharing provision under which Cascadia is required to share with the PMWD any cost savings achieved through operational efficiencies that exceed a specified baseline

Specifically, if Cascadia's actual operating costs for the facility in any contract year are less than 85% of the budgeted operating costs (as set forth in the annual operating plan approved by the PMWD), Cascadia is required to remit 30% of the savings below the 85% threshold to the PMWD

All insurance policies must be placed with carriers rated A- or better by A