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"Slice of the System" Product
Applicable Interest Rates for Delinquent Bills and Annual True-Up Adjustment
(updated on October 1, 2009)

 
Interest Rate for Computing Late Payment Charges
For Slice Expedited and Regular Bills

The applicable interest rate for computing late payment charges on delinquent Slice Expedited and Regular Bills is the Prime Rate for Large Banks (the base rate on corporate loans posted by at least 75% of the nation's 30 largest Banks) as reported in the Wall Street Journal on the first day of the month in which the late payment is received, plus 4 percent. See section 10(a)(2) of the Block and Slice Power Sales Agreement (Block/Slice PSA) for more details on calculating late payment charges for Expedited Bills. See section 10(b)(2) for more details on calculating late payment charges for Regular Bills.

Prime Rate, Wall Street Journal
(The base rate on corporate loans posted by at least 75% of the nation's 30 largest Banks)
Date Prime Rate Prime Rate,
Plus 4 percent
11-02-2009 3.25 percent 7.25 percent
10-01-2009 3.25 percent 7.25 percent
09-01-2009 3.25 percent 7.25 percent
08-03-2009 3.25 percent 7.25 percent
07-01-2009 3.25 percent 7.25 percent
06-01-2009 3.25 percent 7.25 percent
05-01-2009 3.25 percent 7.25 percent
04-01-2009 3.25 percent 7.25 percent
03-02-2009 3.25 percent 7.25 percent
02-02-2009 3.25 percent 7.25 percent
01-02-2009 3.25 percent 7.25 percent
12-01-2008 4.00 percent 8.00 percent
11-03-2008 4.00 percent 8.00 percent
10-01-2008 5.00 percent 9.00 percent
09-01-2008 5.00 percent 9.00 percent
08-01-2008 5.00 percent 9.00 percent
07-01-2008 5.00 percent 9.00 percent
06-02-2008 5.00 percent 9.00 percent
05-01-2008 5.00 percent 9.00 percent
04-01-2008 5.25 percent 9.25 percent
03-03-2008 6.00 percent 10.00 percent
02-01-2008 6.00 percent 10.00 percent
01-02-2008 7.25 percent 11.25 percent
12-03-2007 7.50 percent 11.50 percent
11-01-2007 7.50 percent 11.50 percent
10-01-2007 7.75 percent 11.75 percent
09-04-2007 8.25 percent 12.25 percent
08-01-2007 8.25 percent 12.25 percent
07-02-2007 8.25 percent 12.25 percent
06-01-2007 8.25 percent 12.25 percent
05-01-2007 8.25 percent 12.25 percent
04-02-2007 8.25 percent 12.25 percent
03-01-2007 8.25 percent 12.25 percent
02-01-2007 8.25 percent 12.25 percent
01-02-2007 8.25 percent 12.25 percent
12-01-2006 8.25 percent 12.25 percent
11-01-2006 8.25 percent 12.25 percent
10-02-2006 8.25 percent 12.25 percent
09-01-2006 8.25 percent 12.25 percent
08-01-2006 8.25 percent 12.25 percent
07-03-2006 8.25 percent 12.25 percent
06-01-2006 8.00 percent 12.00 percent
05-01-2006 7.75 percent 11.75 percent
04-03-2006 7.75 percent 11.75 percent
03-01-2006 7.50 percent 11.50 percent
02-01-2006 7.50 percent 11.50 percent
01-03-2006 7.25 percent 11.25 percent
12-01-2005 7.00 percent 11.00 percent
11-01-2005 6.75 percent 10.75 percent
 
 
 
Interest Rate for Computing Interest Charges
Added to the Annual Slice True-Up Adjustment Charge or Credit

The applicable interest rate for computing interest to be added to the annual Slice True-Up Adjustment Charge or Credit shall be the Prime Rate for Large Banks (the base rate on corporate loans posted by at least 75% of the nation's 30 largest Banks) as reported in the Wall Street Journal on the first day of the Contract Year (CY) in which the True-Up Adjustment Charge is calculated. See section 4(b)(6)(E) of the Block/Slice PSA for more details on calculating the interest to be added to the True-Up Adjustment Charge or credit. The True-Up Adjustment Charge or credit will be calculated no later than March 31 following the end of each Contract Year. For the year 2009, the True-Up Adjustment Charge or credit will be calculated no later than March 31, 2010, and the applicable interest rate for computing interest to be added to the True-Up Adjustment Charge or credit will be the Prime Rate as reported in the Wall Street Journal on October 1, 2009.

Prime Rate, Wall Street Journal
(The base rate on corporate loans posted by at least 75% of the nation's 30 largest Banks)
Date Prime Rate Applicability
10-01-2009 3.25 percent Applicable to True-Up Adjustment Charge or credit for CY2009
10-01-2008 5.0 percent Applicable to True-Up Adjustment Charge or credit for CY2008
10-01-2007 7.75 percent Applicable to True-Up Adjustment Charge or credit for CY2007
10-02-2006 8.25 percent Applicable to True-Up Adjustment Charge or credit for CY2006
10-03-2005 6.75 percent Applicable to True-Up Adjustment Charge or credit for CY2005
10-01-2004 4.75 percent Applicable to True-Up Adjustment Charge or credit for CY2004
10-01-2003 4.00 percent Applicable to True-Up Adjustment Charge or credit for CY2003
10-01-2002 4.75 percent Applicable to True-Up Adjustment Charge or credit for CY2002
 
   
 
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