Power Swaps

The terms and conditions of the swaps incorporate by reference such credit and other terms as the parties may establish through their pre-existing bilateral agreement. The swaps have the following characteristics:
   
Contract Overview: An agreement to exchange cash flows based on the difference between the fixed price agreed by the parties and the price of electricity or the peak load for a system as determined by the relevant system operator on the specified determination date.
Trade Date: As determined by the parties.
Effective Date: The date on which the parties begin calculating their accrued obligations under the swap.
Termination Date: As determined by the parties.
Buyer: Party [A/B]
Seller: Party [A/B]
Transaction Type: [fixed/floating swap] [peak load swap]
Delivery Point: [zone] [node] [hub] specified by the parties.
Fixed Price: As determined by the parties.
Quantity: [      ] MWhs
Floating Price: The [price] [peak load] for the applicable delivery point as determined by the relevant system operator.
Determination Period: Effective Date through Termination Date.
Payment Date: As determined by the parties.