Common use of PPA Clause in Contracts

PPA. Ancillary to the Definitive Agreement will be a PPA providing for IP's purchase of energy from Clinton for the period from Closing through December 31, 2004. In addition to such other terms, conditions and amplifications the parties may negotiate, the PPA will reflect the following basic understandings: IP will purchase and the Buyer will deliver to IP on an as-available (or Unit output) hourly basis the following percentages of the actual net electric output of ▇▇▇▇▇▇▇: Year 1999 2000 2001 2002 2003 2004 % output 80 xx xx xx xx xx IP will pay for such output (with pricing reflecting all charges, including energy and capacity) at the following general price levels, provided, however, that such prices will be modified by mutual agreement to reflect seasonality (canted to strongly incentivize the Buyer to maximize output at ▇▇▇▇▇▇▇ during the summer months) and "on" and "off" peak periods on an hourly basis: Year 1999 2000 2001 2002 2003 2004 Price per MWH $xx $xx $xx $xx $xx $xx