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ORDER NO. PSC -2018 -0314 -PAA -EQ <br />DOCKET NO. 20180073 -EQ <br />PAGE 13 <br />Attachment A <br />Page 8 of 71 <br />DUKE SECTION No. IX <br />07 C /may/ FOURTH REVISED SHEET NO. 9.407 <br />ENERGY. CANCELS THIRD REVISED SHEET NO, 9.407 <br />"Creditworthy" with respect to a Party or its Credit Support Provider, as applicable, means a <br />party is rated at least 131313 by Standard & Poor's (S&P), or at least Baa3 by Moody's Investor <br />Services (Moody's). Rating shall be the unsecured, senior long-term debt rating (not supported <br />by third party credit enhancement) or the issuer rating will be used if not available. If a Party or <br />its Credit Support Provider, as applicable; is rated by both S&P and Moody's, then the lower of <br />the taro ratings will apply. <br />"DEF" has the meaning assigned to it in the opening paragraph of this Contract. <br />"DEF Entities" has the meaning assigned to it in Section 16. <br />"Demonstration Period" means a sixty -hour period in which the Committed Capacity Test must <br />be completed. <br />"Distribution System'' means the distribution system consisting of electric lines, electric plant, <br />transformers and switchgear used for conveying electricity to ultimate consumers, but not <br />including any part of the Transmission System. <br />"Dispute" shall have the meaning assigned to it in Section 20.9. <br />"Drop Dead Date" means the date which is twelve (12) months following the Execution Date <br />except for the condition defined in Section 5(a)(i). The Parties recognize that firm transmission <br />service,agreements can take up to 24 months to obtain so for Section 5(a)(i) only the Drop Dead <br />Date means the date which is twenty four (24) months following the Execution Date. <br />"Eastern Prevailing Time' or "EPT" means the time in effect in the Eastern Time Zone of the <br />Unites States of America, whether Eastern Standard Time or Eastern Daylight Savings Time. <br />"Effective Date" has the meaning assigned to it in Section 5. <br />"Electrical Interconnection Point" means the physical point at which the Facility is connected <br />with the Transmission System or, if RF/QF intercottnects with a Transmission System other than <br />DEF's, DEF's interconnection with the Transmission Provider's Transmission System, or such <br />other physical point on which RF/QF and DEF may agree. <br />ISSUED BY: Javier Portuondo. Director, Rates & Regulatory Strategy • FL <br />EFFECTIVE: June 9. 2016 <br />1313 <br />