![]() |
Enron Mail |
Tony, The following steps follow the contract amendment (assumes Bloomfield
contract): 1. Calculate the number of hours that the driver was down for force majeure. 2. Subtract the hours in #1 from the total hours in the month. 3. Calculate the Monthly Contract Quantity as defined in the amendment (Bloomfield -- 7000 times # of hours developed in #2 above) 4. Calculate the Load Factor as defined in the agreement. Since we don't have a load factor during those hours of the Force Majeure Event, we assume that the unit would have run at the load factor in #4 above if not for the Force Majeure event. Thus, 5. Multiply the Load Factor times 7000 (max HP-hrs) times # of hours of force majeure event. This gives you the equivalent HP-hours that would have been used during the Force Majeure event or Supply Interruption. 6. In accordance with the amended Section 3.2(a), to calculate HP-hour charge do the following: Multiply Conversion Factor (taken from Exhibit based on load factor) times (Shaft Energy delivered + Equivalent HP-hours during Force Majeure [this is the number calculated in #5 above]) times 1.031. Let me know if you have any questions. We can work through an example if we need to. Thanks.
|