PUD No 1 of Snohomish County 1/4/2019 Amendment 1

B. Table 1. WEC Funding Amounts and Milestones: 2 Year Program Agreement is amended by being replaced in its entirety, as follows: Payment No. Incentive Formula Incentive Cap Milestone 1.1 Payment Calculation as Lesser of: $20,000.00 Total END USER purchases a. Documented PTS costs; or Program PTS cap and installs BPA and Payment#1: b. $10,000.00, if plant baseline is UTILITY approved PTS less than 4,000,000 kWh PTS Setup 1 annual consumption (Optional) 2.1 If supporting invoices are not $75,000.00 BPA reviews and Payment#2: provided, $0.025 per kWh of actual Total Program approves "Year 1" SEM verified "non-capital" energy savings Incentive Cap for Completion Report.* (All End Year 1 identified in the "Year 1"WEC Energy Savings Plus capital energy efficiency Sustained Completion Report* ** for Years 1 and 2 projects savings and Savings and combined incentives are PTS 2.2. PTS Maintenance Payment, for PTS Maintenance recognized under the Maintenance documented Year 1 PTS costs. payment funding, UTILITY standard rebate subject to $20,000.00 program.) Total Program PTS cap 3.1 If supporting invoices are not $75,000.00 BPA reviews and Payment#3: provided, $0.025 per kWh of actual Total Program approves"Year 2" SEM verified "non-capital" energy savings Incentive Cap for Annual Completion Year 2 identified in the"Year 2"WEC Energy Savings for Report.* (All capital Sustained Completion Report* ** Years 1 and 2 energy efficiency Savings and combined projects savings and PTS incentives are Maintenance 3.2. PTS Maintenance Payment, for PTS Maintenance recognized under the documented Year 2 PTS costs payment funding, UTILITY standard rebate subject to $20,000.00 program.) Total Program PTS cap $20,000.00 Total Program Incentive $95,000.00 Cap for Performance Tracking System Overall Incentive Cap Overall Cap (PTS) funding and$75,000.00 Total Program Incentive Cap for Energy Savings *WEC Completion Reports are prepared at the conclusion of each year of a two-year'WEC Performance Period.' The WEC Performance Period starts: a. No earlier than the BPA kick-off workshop (if applicable), and b. No later than either (i) the first day of the first full monthly billing cycle following the kick-off workshop (if applicable), or (ii)when the END USER begins Action Item implementation. **To receive payment at the rate of$0.075 per kWh up to 70% of eligible implementation costs either year, all supporting invoices and internal labor hour records must be provided for that year. Otherwise, annual performance incentives will be paid at the $0.025 per kWh rate. The total incentives paid under this Agreement shall not exceed $95,000.00.