SECTION 4. CALCULATION OF

CREDIT AMOUNT

Under § 45I(b)(1)(B) and (2)(B), the tentative credit amount used to calculate the MWC for taxable years beginning in calendar year 2022 is $0.70 per Mcf

($0.50 x 1.3950 inflation adjustment factor). Pursuant to the reduction specified in § 45I(b)(2)(A), the tentative credit amount for taxable years beginning in calendar year 2022 is reduced to zero.

Specifically, pursuant § 45I(b)(2)(A), the tentative credit amount is reduced (but not below zero) by an amount (the Reduction Amount) which bears the same ratio to such amount as (i) the excess (if any) of the applicable reference price over $2.33 ($1.67 x 1.3950 inflation adjustment factor), bears to (ii) $0.46 ($0.33 x 1.3950 inflation adjustment factor). The Reduction Amount (as adjusted for inflation) is computed as follows:

Reduction Amount

Applicable Referen c e Price

c e Price −$ .

c e Price −$2 33.

0 70. $0 46.

$0 46.

$0 46.

$

.