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<br />Feb 14 02 03:26p. Public Works <br />, . F.b.14-10Q1 01:00'0 Fro.-\" QF i.""", <br /> <br />7146473345 <br />115 301 9511 T-15. P OO./OOT ,-..1 <br /> <br />p.4 <br /> <br />:Nh. Thom Coughran <br />February 14. 2002 <br />Page 3 <br /> <br />"posted avoided cost of energy"), adjusted hy any partial payments previously <br />made by Edison. and less any past due amounts identified on Exhibit 1 that are <br />owed by Seller to Edison, plus simple interest on both sums at a rate of 7% per <br />annum (unless a different rate is specified in Seller's power purchase agyeement). <br />(Any past due amounts owed by Seller to Edison that are not reflected in Exhibit <br />1 'will remain payable through the Donnal method(s) of coll~tion,) Iuterest is <br />calculated from the date that each suspended monthly power purchase payment <br />(or each ideutified past due amount owed by SeUer) first became due and payable <br />through ~l1d including the date, if any. of a.ctual payment of Seller's Suspended <br />Payment Amount (after taking into account any previous reductions in principal <br />and all previous payments of interest). This is the same method provided for in <br />the parties' existing Settlement Agreements with respect to the calculation of <br />principal and interest amounes. <br /> <br />In order to become eligible to receive the benefits of ehis proposal, Seller is <br />requested to have its duly authorized representative (someone who can bind <br />Seller contractually) date and si~ Enclosure A Seller should mail two original <br />copies of Enclosure A to Edison at the address set forth below, with copies <br />forwarded concurrently by facsimile to Edison at the number below for receipt no <br />later than 5:00 p,m. Pacific Time on February 19, 2002: <br /> <br />Southern California Edison Company <br />2244 Walnut Grove Avenue <br />Suite 495 <br />Rosemead, CA 91770 <br />Facsimile number: (626) 302.9622 or (626) 302-1103 <br />Attention: Bruce L, McCarthy <br /> <br />Upon receipt of a properly executed Enclosure A, Edison will cotlntersien and <br />return a fully executed original copy to Seller. Should you have any questions <br />regarding the foregoing. please contact Janet 1. Gazda at (626) 302-9140. <br /> <br />Very truly yours, <br /> <br />~~~ <br />