379A Scenarios Operations, Energy Retail

Current Shippers Grace Period New Entrant Nov 2012 Gains Grace Period MOD81 Reports issued indicating Shippers performance MOD81 Reports issued indicating Shippers performance Grace Period Nov 2012 Shippers <85%: Audit complete followed by grace period Oct 2013 Nov 2013 Shipper charges assigned if <85% Dec 2013 Reallocation of Shipper charges (to Shippers >85%) New Entrant Nov 2012 MOD81 Reports issued indicating Shippers performance MOD81 Reports issued indicating Shippers performance Nov 2012 Oct 2013 Nov 2013 Oct 2014 Nov 2014 Dec 2014 Gains Grace Period Shipper charges assigned if <85% Reallocation of Shipper charges (to Shippers >85%) Shippers <85%: Audit complete followed by grace period Operations, Energy Retail

Gains New Entrant Feb 2013 Grace Period Gains New Entrant July 2013 Jun 2014 Review Period Aug 2014 New Entrant Feb 2013 New Shipper enters market Nov 2014 Grace Period Oct 2015 Nov 2015 Shipper charges assigned if <85% Reallocation of Shipper charges (to Shippers >85%) MOD81 Reports issued indicating Shippers performance MOD81 Reports issued indicating Shippers performance Shippers <85%: Audit complete followed by grace period Dec 2015 Opportunity to influence position and be included in reallocation of charges Gains July 2013 July 2014 Review Period Aug 2014 New Entrant July 2013 New Shipper enters market Nov 2014 Grace Period Oct 2015 Nov 2015 Shipper charges assigned if <85% Reallocation of Shipper charges (to Shippers >85%) MOD81 Reports issued indicating Shippers performance MOD81 Reports issued indicating Shippers performance Jun 2014 Dec 2015 Opportunity to influence position and be included in reallocation of charges Shippers <85%: Audit complete followed by grace period Operations, Energy Retail