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POWER PURCHASE AGREEMENT ("PPA") <br /> Exhibit 1 <br /> Basic Terms &Conditions <br /> 1. Term: Fifteen (15)years, beginning on the Commercial Operation Date. <br /> 2. Additional Terms: Up to two (2)Additional Terms of five (5)years each. <br /> 3. Environmental Incentives, Rebates&Attributes: Incentives Accrue to Seller,Attributes to Utility <br /> 4. Prepayment Option (See Paragraph 16 for Purchase Option): $N/A <br /> 5. Contract Price(per kWh)/Annual Escalator: $.0450/1.7%. <br /> Contract Year $/kWh <br /> 1 .0450 <br /> 2 .0458 <br /> 3 .0465 <br /> 4 .0473 <br /> 5 .0481 <br /> 6 .0490 <br /> 7 .0498 <br /> 8 .0506 <br /> 9 .0515 <br /> 10 .0524 <br /> 11 .0533 <br /> 12 .0542 <br /> 13 .0551 <br /> 14 .0560 <br /> 15 .0570 <br /> Page 3 of 49 <br />