{\rtf1\ansi\ansicpg1252\deff0\deflang1033{\fonttbl{\f0\fnil\fcharset0 Microsoft Sans Serif;}{\f1\froman\fprq2\fcharset0 Times New Roman;}{\f2\froman\fcharset0 Times New Roman Bold;}} \viewkind4\uc1\pard\f0\fs17\par \par Crescent Ridge LLC as of 3/2/2017\par Electric MBR\par Market-Based Rates Tariff\par Effective Date:\tab\tab 11/26/2015\tab\tab\tab\tab Status:\tab\tab\tab Effective\par FERC Docket:\tab\tab ER16-00408-000\tab 591\par FERC Order:\tab\tab Delegated Letter Order\tab\tab\tab\tab Order Date:\tab\tab 12/31/2015\par Crescent Ridge LLC, Market-Based Rate Tariff, 1.0.0\tab A\par \par \pard\nowidctlpar\qc\b\f1\fs24 CRESCENT RIDGE LLC\par \ul\caps\f2 Market-Based Rate Tariff\par \pard\nowidctlpar\qj\ulnone\b0\caps0\f1\par \par \pard\nowidctlpar\qj\tx720 1.\tab\ul\b Availability.\ulnone\b0 Crescent Ridge LLC (Seller) makes electric energy and capacity available under this Tariff to any purchaser for resale. Seller also makes available to any purchaser the ancillary services listed in this Paragraph 1:\par \par \pard\nowidctlpar\li720\qj\tx720\ul\b RTO/ISO Specific\par \ulnone\b0\par \ul\b PJM\ulnone\b0 : Seller offers regulation and frequency response service, energy imbalance service, and operating reserve service (which includes spinning, 10-minute, and 30-minute reserves) for sale into the market administered by PJM Interconnection, L.L.C. (PJM) and, where the PJM Open Access Transmission Tariff permits, the self-supply of these services to purchasers for a bilateral sale that is used to satisfy the ancillary services requirements of the PJM Office of Interconnection.\par \pard\nowidctlpar\qj\par \pard\nowidctlpar\qj\tx720 2.\tab\ul\b Applicability.\ulnone\b0 This Tariff is applicable to all sales of electric energy, capacity, and ancillary services by Seller, which are (a) subject to the jurisdiction of the Commission, and (b) not made pursuant to another tariff on file with the Commission.\par \pard\nowidctlpar\qj\par \pard\nowidctlpar\qj\tx720 3.\tab\ul\b Rates.\ulnone \b0 All sales shall be made at the rates established by agreement between the purchaser and Seller.\par \pard\nowidctlpar\qj\par \pard\nowidctlpar\qj\tx720 4.\tab\ul\b Other Terms and Conditions.\ulnone \b0 All other terms and conditions of sale shall be established by agreement between the purchaser and Seller.\par \pard\nowidctlpar\qj\par 5. \tab\ul\b Effective Date.\ulnone \b0 This Tariff shall become effective upon the date specified by the Commission.\par \par 6.\tab\ul\b Compliance with Commission Regulations.\ulnone\b0 Seller shall comply with the provisions of 18 C.F.R. Part 35, Subpart H, as applicable, and with any conditions the Commission imposes in its orders concerning Seller's market-based rate authority, including orders in which the Commission authorizes Seller to engage in affiliate sales under this Tariff or otherwise restricts or limits Seller's market-based rate authority. Failure to comply with the applicable provisions of 18 C.F.R. Part 35, Subpart H, and with any orders of the Commission concerning Seller's market-based rate authority, will constitute a violation of this Tariff.\par \b\par \b0 7.\b\tab\ul Limitations and Exemptions Regarding Market-Based Rate Authority.\ulnone \b0 The Commission has granted Seller in Docket No. ER02-2310-000 the following waivers and blanket authorization: (i) waiver of Subparts B and C of Part 35 of the Commission's regulations, except for sections 35.12(a), 35.13(b), 35.15 and 35.16; (ii) waiver of Parts 41, 101 and 141 of the Commission's regulations, except for sections 141.14 and 141.15; and (iii) blanket authorization as to section 204 of the Federal Power Act and Part 34 of the Commission's regulations for all future issuances of securities and debt and assumptions of liabilities. \i See\i0 \i Crescent Ridge LLC, \i0 Docket No. ER02-2310-000, at pp. 1-2 of Appendix A (Sept. 6, 2002) (unpublished letter order).\par \par 8.\tab\ul\b Seller Category.\ulnone\b0 Seller is a Category 2 seller, as defined in 18 C.F.R. \'a7 35.36(a), in the Northeast region. Seller is a Category 1 seller, as defined in 18 C.F.R. 35.36(a), in the Central, Northwest, Southeast, Southwest, and Southwest Power Pool regions.\par \pard\nowidctlpar\par \pard\f0\fs17\par }