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Exhibit C <br />Power Purchase Agreement rate for energy delivered by Solar Facilities <br />Term: 20 years <br />Buyout Option: At FMV starting in Year 7. <br />Xcel Energy Average Blended rate for grid energy at this property: $0.108/kwh <br />Xcel Energy Capacity Credit rate: $5.15/kw per month = approximately $0.055/kwh. <br />Combined Blended rate plus Capacity Credit: $0.163/kwh <br />PPA rate base: Starts at $0.140/kwh for Year 1 <br />Estimated savings Year 1 (combined rate minus PPA rate): 21.3% <br />Annual Rate Escalation: Historic Xcel Energy: 3.35%/ PPA: 2.75% <br />Year <br />PPA Rate ($/kwh) <br />1 <br />0.14 <br />2 <br />0.143 <br />3 <br />0.147 <br />4 <br />0.151 <br />5 <br />0.156 <br />6 <br />0.16 <br />7 <br />0.164 <br />8 <br />0.169 <br />9 <br />0.173 <br />10 <br />0.178 <br />11 <br />0.183 <br />12 <br />0.188 <br />13 <br />0.193 <br />14 <br />0.199 <br />15 <br />0.204 <br />16 <br />0.21 <br />17 <br />0.216 <br />18 <br />0.222 <br />19 <br />0.228 <br />20 <br />0.234 <br />Page 29 of 30 <br />SE PPA 11/11/15 <br />