Snohomish County PUD 7/9/2019 Amendment 2

Payment No. Incentive Formula Incentive Cap Milestone subject to$20,000.00 UTILITY standard rebate Total Program PTS cap program.) $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 Table 2. SEM Funding Amounts and Milestones for Incentive-Eligible Saving Performance Period WEC-2: Payment No. Incentive Formula Incentive Cap Milestone 1.2 Payment Calculation as Lesser of. $10,000.00 END USER purchases a. Documented PTS costs; or cap on Payment #1 and installs. BPA and Payment#1: b. $0.0025 per kWh of estimated PTS initial setup (if UTILITY approved PTS annual energy usage of plant applicable) PTS Setup 1 baseline or$10,000.00, if plant (Optional) baseline is greater than 4,000,000 kWh annual consumption. 2.1 If supporting invoices are not $50,000.00 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" SEM Energy Savings for capital energy efficiency Sustained Completion Report.* ** Years 1 and 2 projects savings and Savings and combined incentives are PTS 2.2. PTS Maintenance Payment, for $10,000.00 recognized under the Maintenance documented Year 1 PTS costs not to PTS Maintenance UTILITY standard rebate exceed $10,000.00. payment funding cap program) for Year 1 3.1 If supporting invoices are not $50,000.00 BPA reviews and provided, $0.025 per kWh of actual Total Program approves "Year 2" SEM Payment#3: verified "non-capital" energy savings Incentive Cap for Annual Completion identified in the"Year 2" SEM Energy Savings for Report.* (All capital Year 2 Completion Report.* ** Years 1 and 2 energy efficiency Sustained combined projects savings and Savings and incentives are PTS 3.2. PTS Maintenance Payment, for $10,000.00 recognized under the Maintenance documented Year 2 PTS costs not to PTS Maintenance UTILITY standard rebate exceed $10,000.00. payment funding cap program) for Year 2, subject to PTS Overall Cap $20,000.00 Total Program Incentive $70,000.00 Cap for all Performance Tracking Overall Incentive Cap per 2-Year Incentive- System (PTS) Setup 1 and Eligible Savings Overall Cap Maintenance funding and$50,000.00 g g Performance Period Total Program Incentive Cap for Energy Savings. *SEM Completion Reports are prepared at the conclusion of each year during each Two-Year Incentive- Eligible Performance Period.