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SOUTHERN CALIFORNIA EDISON COMPANY <br />SCHEDULE LS-1 OPTION E, ENERGY EFFICIENCY-LIGHT EMITTING DIODE (LED) <br />FIXTURE REPLACEMENT RATE AGREEMENT <br />Form 14-965 <br />06/2016 <br />1 <br />This Schedule LS-1 Option E, Energy Efficiency-Light Emitting Diode (LED) Fixture Replacement Rate <br />Agreement (Agreement), effective this day of _, <br /> _(Effective Date), is entered into between Southern California Edison Company (SCE) <br />and ________, an SCE customer taking service on Schedule LS-1 (Applicant), referred to <br />collectively as "Parties," and individually as "Party." This Agreement provides for SCE, at Applicant’s <br />request, to replace the existing street lighting fixtures serving Applicant’s premises with Light Emitting <br />Diode (LED) street lighting fixtures to achieve energy efficiency benefits for Applicant, as set forth in <br />Special Condition 14, Option E, Energy Efficiency-Light Emitting Diode (LED) Fixture Replacement, of <br />Schedule LS-1. <br />The Parties agree as follows: <br />1.LED FIXTURES <br />SCE shall install, own, operate, and maintain LED Fixtures for Applicant as set forth in Exhibit "A" <br />attached hereto and incorporated herein by this reference. The LED Fixtures provided hereunder <br />shall at all times remain the property of SCE. <br />2.LED FIXTURE REPLACEMENT COSTS <br />2.1 The replacement costs of the LED Fixtures provided hereunder shall be borne by <br />Applicant. <br />2.2 Applicant shall pay the charge for the LED Fixtures Replacement rate, which includes an <br />Energy Efficiency Premium Charge (EEPC) and a Base LED Charge, under Option E of <br />Schedule LS-1. Applicant elects Option E in lieu of an upfront, one-time payment of the <br />replacement costs. <br />2.3 SCE does not guarantee that any energy or bill savings will accrue to Applicant as a result <br />of the LED Fixture replacements. <br />3.COMMENCEMENT OF SERVICE <br />The Parties agree that SCE has the right to charge Applicant, and Applicant has an obligation to <br />pay SCE, for the charges set forth in Schedule LS-1, Option E, commencing on the date SCE <br />begins serving the LED Fixtures installed pursuant to this Agreement. <br />4.TERM AND TERMINAT ION <br />4.1 This Agreement shall be effective as of the Effective Date and shall continue for a term of <br />twenty (20) years from the commencement of service as specified in Section 3 above <br />(Term). <br />4.2 Applicant may terminate this Agreement at any time during the Term upon a thirty (30) - <br />day advance written notice, provided that Applicant, prior to or within the 30-day advance <br />notice period, assigns the Agreement to any New Party In (NPI) that owns, rents or <br />leases the premises served by the street lighting fixtures replaced under this Agreement <br />and will take service under Option E of Schedule LS-1 effective as of the date of termination; <br />otherwise, Applicant shall pay a one-time termination charge equal to the present value of <br />the balance of the EEPC of Option E over the remaining Term. The present value is <br />determined based on SCE’s authorized rate of return on rate base, or discounted rate of <br />7.90%. <br />City of Santa Ana