The Discounted Present Value shall be calculated five business days before prepayment is made by summing the present values of all remaining payments by using the following formula:[GRAPHIC] [TIFF OMITTED] TC16SE91.025 Where: Pk = Total payment including interest, due on the k
th payment date following the prepayment date.n=Total number of remaining payments dates.I=The discount rate, in decimals, which shall be the average rate on
utility bonds bearing a rating of ``Aa'' as set forth in that
issue of Moody's Public Utility News Reports most recently
published prior to the date on which Discounted Present Value
is calculated.D11 = Number of days in the i th payment period
that are in a non-leap year (365 day year).D2i = Number of days in the i th payment period
that are in a leap year (366 day year).