“Life-of-the-unit contractual arrangement” means a unit participation power sales agreement under which a customer reserves, or is entitled to receive, a specified amount or percentage of nameplate capacity and/or associated energy from any specified unit pursuant to a contract, for:

1. (a) The life of the unit;
2. (b) A cumulative term of no less than 30 years, including contracts that allow an election for early termination; or
3. (c) A period equal to or greater than 25 years or 70 percent of the useful economic life of the unit determined as of the time the unit is built, with option rights to purchase or release some portion of the nameplate capacity and associated energy generated by the unit at the end of the period.

Source. #9283, INTERIM, eff 10-1-08, EXPIRED: 3-30-09 New. #9444, eff 4-3-09; ss by #10468, eff 1-1-14; ss by #12967, eff 1-1-20 (from Env-A 4602.51)