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HomeMy WebLinkAboutAgenda Report - March 21, 1990 (56). O U N C I L- C O M M U N I T I O N TO: THE CITY COUNCIL FROM: THE CITY MANAGER'S OFFICE COUNCIL MEETING DATE: MARCH 21, 1990 SUBJECT: REQUIRED EXECUTION OF PROJECT AGREEMENT NO. 3 IN ACCORDANCE WITH ATTACHED RESOLUTION TO PERMIT PARTICIPATION IN CONSTRUCTION OF THE CALIFORNIA -OREGON TRANSMISSION PROJECT. RECOMMENDED ACTION: Approval and authorization of City Manger to execute: (i) an execution copy of Project Agreement No. 3 that is prepared in the manner provided for in TANC Resolution No. 90-18, a copy of which is attached hereto and incorporated into this resolution by this reference; and (ii) such amendments and supplements to Project Agreement No. 3 as either such officer determines with the advice of counsel to be necessary or appropriate from time to time hereafter to cure any ambiguity or eliminate superfluous provisions or to correct or supplement any defective provision in Project Agreement No. 3. BACKGROUND INFORMATION REGARDING THE CALIFORNIA -OREGON TRANSMISSION PROJECT AND AGREEMENTNO. 3 TO PROCEED WITH CONSTRUM097` i • The California -Oregon Transmission Project or Third AC Intertie (Project) is a proposed 500-kv AC transmission line from Southern Oregon to Central California. • Congress has named the California -Oregon Transmission Project "The Harold T. (Bizz) Johnson California -Pacific Northwest Intertie Transmission Line." The Transmission Agency of Northern California (TANC) and the Western Area Power Administration (Western) were the original creators of the Project, which was proposed in 1983. During 1984, other California utilities requested large shares of the Project. The basic plan for the California -Oregon Transmission Project, which includes nearly all utilities in California, has been approved by Congress. (P.L. 98-360 and P.L 99-88) TANC is the Project Manager and is responsible for the expeditious completion of the Project. TANC issued a $26.8 million financing to initiate design/analysis pursuant to an initial Project Agreement in December 1985. TANC refinanced that 526.8 million into an expanded financing amounting to $60 million in May 1989 to cover all environmental costs and land acquisition. forward to rund construction and TANC i s moi � nn orwa operation of the Project pursuant to the Project Agreement No. 3, attached hereto. CC/AGREE.3/TXTU.01D Council Communicatic. Page 2 March 21, 1990 This transmission project is expected to have a service life far exceeding 50 years in duration. • TANC financing pursuant to Project Agreement No. 3 covers construction and refinancing the $60 million financed to date (used for design, environmental and land acquisitions). - The TANC financing will amount to $292 million with a 30 -year financing period. - Lodi's share in the TANC financing is 1.686% or approximately $377,000 per year. • Participation percentages are not fixed until the participating investor-owned utilities have obtained certificate of convenience and necessity from the California Public Utility Commission. • Lodi has indicated a need to double our participation should the opportunity present itself; however, the possibility is remote. - Our 11.4 megawatt participation will cover less than 4 years of load growth for the City of Lodi. • Expeditious completion (by 1993) of COTP construction will enable the Members of TANC to begin to utilize new power markets and bulk power suppliers presently not available to most of the TANC Members. Henry J. Ride Electric Utility Director Attach. CC/AGREE.3/TXTU.01D RESOLUTION NO. 90-18 RESOLUTION OF THE TRANSMISSION AGENCY OF NORTHERN CALIFORNIA APPROVING AND AUTHORIZING ExECUT ION OF PROJECT AGREEMENT NO. 3 FOR THE CALIFORNIA -OREGON TRANSMISSION PROJECT WHEREAS, the Transmission Agency of Northern California (IANC), a joint exercise of powers agency established pursuant to the laws of the State of California, has been actively involved in the planning and development of the -Cali fornia-;Oregon.Transmi$s ion Project (Project); and WHEREAS, the Members of TANC desire to authorize TAMC to undertake additional .responsibilities as a Participant in the Project including, but not limited to, activities pertaining to construction and operation of the Project; and WHEREAS, the Members of IANC have developed a Project Agreement No. 3 (Agreement) to set forth -the-Members' rights and obligations with regard to the construction and operation of the Project; and WHEREAS, the Participation Percentages set forth in Appendix C of the Agreement are based upon all of the Members of TANC specified in that Appendix electing to sign the Agreement; and WHEREAS, in completing the Agreement the Members have also developed a methodology to share transmission services between Midway and Tesla Substations; NOW, THEREFORE, BE IT RESOLVED by the Commission of the Transmission Agency of Northern California, as follows: Section 1. The Agreement, in substantially the form presented to this meeting and made a part hereof as though set forth in full herein, is hereby approved. The Chairman, with the advice of TANC General Counsel, is hereby authorized to execute and deliver the Agreement in the form presented to this meeting with such changes, insertions and omissions as may be approved by the Chairman, said execution being conclusive evidence of such approval. Section 2. The Chairman, the Vice Chairmen, each Assistant Treasurer, and the Treasurer of the Agency, the Secretary and any other proper officer of IANC, acting singly, and each of them, hereby are authorized to execute and deliver any and all documents and instruments and to do, or cause to be done, any and all acts and things necessary or proper for carrying out the transactions contemplated by the Agreement and this resolution. Section 3. In the event that the governing body of a Member listed in Appendix C of the Agreement-- fails -to- -adopt- a- resolution in substantially 'the form of the. Suggested Resolution for.•.Member Authorizing Execution of Project Agreement No. 3 (Member Resolution) appended hereto before April 15, 1990, such Member shall be considered to have elected to relinquish any right or entitlement to further participate in the Project. Section 4. On or before April 20, 1990, execution copies of the Agreement shall be transmitted to each Member that adopted a Member Resolution prior to April 15, 1990 (remaining Member). Such execution copies shall contain no reference to any other Members and shall establish the Participation -Percentage of each remaining Member at the ratio between the remaining Member's Participation Percentage set forth in Appendix C of the Agreement presented at this meeting and the aggregate of the Participation Percentages of all of the remaining Members set forth in that Appendix C, expressed as a percentage; provided that the Participation Percentage so established for any Member shall not exceed the Member's Participation Percentage set forth in Appendix C of the Agreement presented at this meeting by more than 5 percent without the consent of the Member. Section 5. The Members and TAMC agree to share the Tesla to Midway transmission service provided under t;e Memorandum of Understanding for the Project according to the amounts described in Attachment 2 hereto provided that the Cities of Alameda, Healdsburg, Lodi, Lompoc, Palo Alto, Rosevilie, and Ukiah, and the Plumas--Sierra Rural Electric Cooperative shall, have a. collective option to purchase 5 MW of such service by the assumption of the rights and obligations from the collective rights and obligations, allocated according to their participation percentages in M -S -R Public Power Agency, of the Cities of Redding and Santa Clara and x the Modesto Irrigation District, iprovidpAthat such option must be exercised before Tesla -Midway service begins, and that service provided under such option will be provided for the term of the -° Tesla to Midway transmission service. Section 6. This resolution shall take effect immediately upon a its adoption. PASSED AND ADOPTED this 21st day of February, 1990,, on a motion by Mr. Hahn, seconded by Mr. Weisel. a RESOLUTION NO. 90-47 A RESOLUTION OF THE LODI CITE COUNCIL APPROVING AND AUTHORIZING EXECUTION OF PROJECT AGREEMENT NO. 3 TO PERMIT PARTICIPATION IN CONSTRUCTION OF THE CALIFORNIA -OREGON TRANSMISSION PROJECT asnca.aasssaaaassaaaa=xaaaaa==csaaaacsaaaaoo:caaassamasasaaanssssasaaaaa WHEREAS, the California -Oregon Transmission Project or Third AC Intertie (Project) is a proposed -500-kv AC -transmission line from Southern Oregon to Central California; and WHEREAS, the Lodi City Council hereby approves the City's participation in construction of the California -Oregon Transmission Project; NOW, THEi:EFORE, BE IT RESOLVED BY THE LODI CITY COUNCIL that the City Manager is hereby authorized to execute Project Agreement No. 3; and BE IT FURTHER RESOLVED, that the City Manager is authorized to execute such amendments and supplements to Project Agreement No. 3 as determined to be necessary or appropriate from time to time. Dated: March 21, 1990 aaassa=osoassaaaasasaoaaaa.aa.saaaaaaasnasasssaaaaaaassssassa=a=a=aazac I hereby certify that Resolution No. 90-47 was passed and adopted by the Lodi City Council in a regular meeting held March 21, 1990 by the following vote: Ayes: Council Members - Hinchman, Olson, Pinkerton, Reid and Snider (Mayor) Noes: Council Members - None Absent: Council Members - None Alice M. Reim/the City Clerk 90-47 RES9047/TXTA.02J 1 TRANSMISSION AGENCY OF NORTHERN CALIFORNIA P.O. Box 661030, Sacramento, CA 95866 (916) 924-11% TO: Distribution List March 7, 1990 FROM: Maury Kruth aq,0,, SUBJECT: BRIEFING MATERIALS FOR TANC PROJECT AGREEMENT NO. 3 Enclosed please find a package of informational material for your use in presenting TAWC Project Agreement No. 3 to your governing body. The material is unbound to allow you to use the portions relevant to your individual needs. If you would like a bound version, please call Steve McClary at 916/924-1534. Distribution List: K. DeDario B. Duarte E. Geddes S. Lindley J. Marcotte J. McGuire B. Pfile F. Reid E. Roman M. Roper G. Wahlers K. Weisel A Public I ntit\ �%ho.e Members Int lett♦(•: dme(1.t. Bit y c, Gri(ile�. tie.tl<i.hurt. 1 wli. ; or"I'm , \itxi('>t(r Irrii;,tt;ur. DWri(t. Paler '.it(;. Rcddin[:. Fo�e\ille. Via( tanx•nt(; .nlun,i( i[;, f L 11111, lurlrxk Ir izatir;n Di"tn( t. t ki.ih MEMORANDUM TO: Distribution List March 7, 1990 FROM: Maury Kruth aq,0,, SUBJECT: BRIEFING MATERIALS FOR TANC PROJECT AGREEMENT NO. 3 Enclosed please find a package of informational material for your use in presenting TAWC Project Agreement No. 3 to your governing body. The material is unbound to allow you to use the portions relevant to your individual needs. If you would like a bound version, please call Steve McClary at 916/924-1534. Distribution List: K. DeDario B. Duarte E. Geddes S. Lindley J. Marcotte J. McGuire B. Pfile F. Reid E. Roman M. Roper G. Wahlers K. Weisel A Public I ntit\ �%ho.e Members Int lett♦(•: dme(1.t. Bit y c, Gri(ile�. tie.tl<i.hurt. 1 wli. ; or"I'm , \itxi('>t(r Irrii;,tt;ur. DWri(t. Paler '.it(;. Rcddin[:. Fo�e\ille. Via( tanx•nt(; .nlun,i( i[;, f L 11111, lurlrxk Ir izatir;n Di"tn( t. t ki.ih "'INFING Boolt • THE "MUISHISSIAGENCY 'IF NORTEtERN CALIFORNIA 1990 FINANCING I. INTRODUCTION • This Briefing Book has been prepared by the Transmission Agency of Northern California (TAMC) to provide the Members of IANC with key information on the California -Oregon Transmission Project (COTP) and the 1990 TAMC financing. • The COTP will provide the public power member utilities of TAMC with a new path to a diverse array of resources in the Pacific Northwest. This is a major step in safeguarding the independence of the TAMC Members and their ability to provide reliable, low-cost power to their ratepayer -owners. • As COTP Project Manager, TAMC has provided the leadership necessary to move ahead with a multi - Participant project. To maintain progress toward completion of the COTP, TAMC is proposing to start construction in the summer of 1990, with energisation in late 1992 or early 1993. 1 II. THE TRANSMISSION AGENCY OF NORTHERN CAI.IFORN • The Transmission Agency of Northern California (TAMC) is a California Joint Powers Agency that was formed in 1984 by fifteen publicly owned utilities and districts that are the Members of TAMC. • TANC was formed to assist the Members in developing, acquiring, and financing electric transmission projects that would assist the Members in providing economical power to their ratepayers. • Each Member appoints a Commissioner (and Alternates) to the TAMC Commission, which governs TAMC. K Assuming 1,600 MW rating for the COTP and existing COTP Participants. 3 EMBERS OF THE TRANS14ISSION AGENCY OF NORTHERN CALIFORNIA f AND PRESENT SHARES THROUGH TAMC IN THE COTP MEMBER PERCENTAGE MGAWATTS Alameda 1.713 11.59 Higgs 0.000 .0.00 Gridley 0.000 0.00 Healdsburg 0.357 2.42 Lodi 1.686 11.41 Lompoc 0.408 2.76 MID 19.200 129.92 Palo Alto 4.254 28.79 ' Plumas-Sierra 0.358 2.42 Redding 6.400 43.31 Roseville 1.455 9.85 Santa Clara 20.200 136.69 SMUD 30.600 207.06 TID 12.900 67.29 Ukiah 0.469 3217 100.000 676.67 MW Assuming 1,600 MW rating for the COTP and existing COTP Participants. 3 III, THE CALIFORNIA --OREGON TRANS!lISSION PROJECT Congress has named the California -Oregon Transmission Project "The Harold T. (Binz) Johnson California - Pacific Northwest Intertie Transmission Line." • The California -Oregon Transmission Project or Third AC Intertie (Project) is a proposed 500 -kV AC transmiss?on line from Southern Oregon to Central California. The Transmission Agency of Northern California,(TANC) and the Western Area Power Administration (Western) were the original creators of the Project, which was proposed in 1983. - During 1984, other California utilities requested large shares of the Project. The basic plan for the California -Oregon Transmission Project, which includes nearly all utilities in California, has been approved by Congress. (P.L. 98-360 and P.L. 99-88) TAMC is the Project Manager and is responsible for the expeditious completion of the Project. - TANC is moving forward to complete the Project as quickly as possible. 4 PARTICIPANTS IN THE CALIFORNIA -OREGON TRANSMISSION PROJECT PARTICIPANT Transmission Agency of Northern California Southern Cities 2 Pacific Gas and Electric Company Southern California Edison Company San Diego Gas and Electric Company Western Area Power Administration 50 MW Allottees 3 TOTAL COST. PERCENT SHARING ENTITLEMENT MEGAWATTS PERCENTAGE 42.2916 676.7 45.1110 7.5497 120.7 8.0530 20.3918 326.3 21.7513 17.5370 280.6 18.7061 2.8549 45.7 3.0452 6.2500 100.0 0.0000 3.1250 50.0 3.3334 100.0000 1,600.0 100.0000 1 Assuming 1600 MW rating for the COTP. 2 Anaheim, Azusa, Banning, Colton, Riverside, and Vernon. 3 Carmichael Water District, E1 Dorado Hills Community Services District, San Juan Suburban Water District, Shasta Dam Area Public Utility District, Southern Sar. Joaquin Valley Power Authority, and Trinity County Public Utility District. 6 IV. HISTORY OF THE CALIFORNIA-OREGIN TRANSMISSION PROJECT AND THE TRANSMISSION AGENCY OF NORTHERN CALIFORNIA • 1982 - The Members of what is now the Transmission Agency of Northern California were trying to find transmission alternatives to the Pacific Northwest. Yet another try to build a new transmission line with the Pacific Gas and Electric Company (PG&E) had failed. 1983 - The concept for the California -Oregon Trans- mission Project was identified. The primary difference between this and previous proposals was to, 'use the upgrade concept for a Western Area Power Administration (Western) 230 -kV double circuit line between Redding and Tracy, as opposed to a new line in that area, to minimize costs and environmental impacts. 1984 - Western obtained legislation (with strong TAMC support) approving their participation in COTP. The legislation (P.L. 98-360) also required that all California utilities be given the opportunity to participate. The investor-owned utilities (IOUs) demanded 80 percent of COTP capacity, even though the publics had created the Project. IANC was formed and the Memorandum of Understanding (MOU) negotiated. 1985 - The MOU was approved by Congress in P.L. 99-88. It provided for TANC to be the Project Manager and divided up the.COTP. TANC retained the largest share of line capacity (677 MW) in the COTP. The COTP is Develoved 1985 f • The Interim Cost Sharing Agreement was signed by all Participants, including the IOUs. TAMC continued work a on COTP while difficult negotiations for the Project Development Agreement (PDA) continued. • In September 1985, the PDA was completed. The PDA specified the duties of the Project Manager and provided for funds for environmental, engineering, and pre -construction work. The PDA gave the IOUs 20 months to obtain California Public utilities Commission (CPUC) approval after the Environmental Impact Statement/ Environmental Impact Report (EIS/EIR) was completed - - no one thought this was a problem that would have to be faced. 1986-1988 Environmental, engineering, and route selection work was performed under TAMC direction. Extensive public involvement took place as the route was defined. Engineering design was performed by Sargent & Lundy under TAMC direction. In December 1985, Western successfully tested the upgrade tower design with an actual 230 -kV Central Valley Project tower. • A massive EIS/EIR for the 340 -mile COTP was successfully completed. The report was certified by TANC in January 1988 and by Western in May 1988. The environmental studies have not been challenged. 91 • Engineering, planning, and design work have been successfully completed. The Plan of Service was completed in Larch 1987, and tower and conductor design recommendations were completed in November 1988. IANC has met the COTP development schedule and budget requirements as described in the PDA. 1989 • TANC proceeded with acquisition of right of way for the, northern section of the COTP. By February 1990, TAMC has obtained over 90 percent of the necessary right of way. • During 1989, TAMC and Western provided funds for continued development and land acquisition while the investor-owned utility Participants pursued regulatory approval from the California Public Utility Commission. • TANC successfully tested the tower design for the new 500 -kV line segments in February 1989. An interim TAMC financing of $60 million was undertaken in May 1989 to refinance the 1985 Revenue Anticipation Notes and to provide the initial funds for construction, land acquisition, and related activities. • As of February 1990, TANC has rights of way and permits for approximately 95 percent of the right of way required for the northern segment of the Project. 9 Current Status • TANC has carried out its duties as Project Manager, with input from all interested parties, in a timely, cost-effective manner. • TANC and Western will proceed with construction, starting in Spring 1990. • The IOUs will refile applications for.Certificates of Public Convenience and Necessity (CPCN) in April or May 1990 and hope to receive their CPC -Ns by the end of 1990. • The IOUs' 20 -month time period established by the PDA expired in December 1989. • Congressional support has been maintained, including support in the Pacific Northwest. o IANC Project Agreement No. 3 was approved in February 1990. This agreement provides for completion of the COTP by TAMC and Western, if necessary. V. TAMC PROJECT AGREEMENT NO. 3 IANC Project Agreement No. 3 (PA3) provides for TAMC to complete the California -Oregon Transmission Project with the IANC Members committed to up to 1500 MW if necessary. (Western receives 100 MW at no cost for the rights of way.) PA3 also provides minimum and maximum megawatt obligations to each Member of TAMC (APPendix C to PA3) and further specifies the marketing of excess capacity on a layoff basis, if requested by the Members. PA3 contains standard financing covenants and pledges. IN addition, revenues from layoffs are also pledged. e IANC Member approvals of PA3 are ongoing and should be completed in early April 1990. Sixty-day ordinances are not required. 01 7 � r•i ;, ► a a o ° a d rdi o .� a .a 41 ' a a ,,. 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Im 1. J 1 �+ d m N iJ M i.' tQ d a Q) ON m �C Ed9�yam��uN +O � 6t ps dt d N MAC m .a a a x O U �C4A a+�LL C��'�' faro•'' EQ"' � r1 ro 4J'N COw �w41 4 U4) 040 34 U°tea man � IT O ps Q. m -+t a► N w � ar d d 1441 -•+ .o � ,� 0 d N rt c 4) 3 O 4j Aro � ro •0 a .-1 0 .c 39 ro GC roves �; .COo -4°o •�+•� Ede+tow c i: .-A N -A0 $-,y4) $4 UA to—ro d &1 4) W � W4S-10� d H� 41 H 4l 0 41 to 4J d� 41 -4 43 7 C N W 4) X HW a H aW H �A t6 H 4i.Q ro Hb�W j N t v VI. THE ECONOMICS OF THE COTP The COTP will allow the TAMC Members to reach new markets with diverse resources and system peaks that are seasonally different from California's peak load periods. This transmission provides a path to the outside world and can ensure competitive power alternatives. New transmission and new California markets can be expected to stimulate development of generation resources in the Northwest and Canada. A variety of power transactions continue to be available with the Pacific Northwest and other utilities, including: - Seasonal exchanges - Firm power purchases and sales - Emergency power - Economy energy The asking prices for these transactions are reasonable. Bonneville Power Administration (BPA), for example, is proposing rates well below typical PG&E rates for similar transactions. Several TANC Members have been making favorable transactions on their existing (but very limited) Intertie rights. Seasonal exchanges will remain attractive even when (or if) the Northwest's firm energy surpluses become fully committed. Other extra -regional entities who are likely future players include: BC Hydro, Montana Power, Basin Electric, etc. 14 o Project construction cost is estimated at $405 million for 1600 MW, excluding interest during construction and associated financing costs. This compares very favorably to the other alternatives available to municipal utilities. g ftpp y .l o TAMC Member costs per kilowatt of line capacity should be less than $3 per kW/month= the relative .debt service risks for the Members ars very reasonable. A transmission line" .such as COTP is a long-term- j t infrastructure investment, opening mziny alternatives to potential buyers and sellers and it is also probably a once in twenty or thirty years opportunity. e The COTP is an attractive investment, especially if higher pricing of transmission is implemented by PG&E. SMUD's existing 200 MW Intertie entitlement is also extended if the COTP is completed. 15 z 0 SO 88 t; 0 z z8 Bt god 0 z od 0 LT., b-4 N VII. COTP QUESTIONS In considering the final financing for the COTP, at least ten tough questions have been raised by the TANG Members regarding the COTP and in particular the status of negotiations and agreements with PG&E. In this section, these questions are posed along with answers that are believed to be the best available as of March 1990. Negotiations are presently ongoing and it is quite possible that the exact situation on certain agreements and arrangements will change over time. Question No. 1s "Will there he any power available to us from the Pacific Northwest when the COTP is completed?" Answers TAMC has been established to build the COTP (and perhaps other future projects) but it is not involved in securing the power purchases for the Members of TAMC. Nevertheless, TAMC has followed developments in the Pacific Northwest power markets. At present, the Bonneville Power Administration and others in the Northwest estimate that BPA's firm energy surplus (but not capacity) will have been fully utilized by 1993. What this means is that sales of firm capacity and seasonal exchanges will continue to be available, and in addition, Canadian utilities (such as BC Hydro) and others in Wyoming and Montana are also likely to be in the market for energy sales to California. In short, power will be available but the arrangements and the utilities with whom transactions occur are likely to change as the market conditions change. The Pacific Northwest was and will be a winter peaking region, while California peaks in the summer. Therefore, the fundamental reasons for the COTP to be a sound investment are unchanged: by improving the transmission infrastructure between the two regions, it will open new alternatives to buyers and sellers in both California and the Pacific_Northwest. 17 Question No. 2: "Will PG&E connect the COTP to their system if they are not a COTP Participant?" Answer: The Congressionally -approved MCU provides for an interconnected COTP and PG&E has stated its willingness to interconnect with the COTP, and voted for Plans at the Management Committee level, even if PG&E is not a Participant, subject to agreements that are being negotiated at present. PG&E will receive benefits from the COTP (such as improved transmission system reliability) even if it does not participate in the COTP. TAMC also believes there are remedies to obtain services and interconnection, if such remedies should become necessary. It should be noted that this situation is quite similar to those experienced i)V public power entities in Northern and Central California for new projects and that when these entities proceeded, despite their difficulties, they were successful in ultimately completing their projects and their final agreements with PG&E. Question No. 3: "Won•t this Project be too expensive?* Answer: No. While the COTe in total is estimated to cost $405 million for 1600 MW, the cost to each Member, assuming a long term joint action agency financing, has been estimated to be quite reasonable (under $3 per kilowatt month). Question No. 4: "What if TAMC commits to pay for the Project and it doesn't work for some reason?" Answer: In the absolute worst case, the TANC Members through TANC Project Agreement No. 3 will be committed to pay for their respective shares of the annual debt service if the Project does not work. The impact would vary for each Member depending upon its share in IANC and the COTP. In general, it appears that the 18 resulting financial impact would not be unmanageable or lead to noncompetitive rates. TAMC (and its numerous utility partners) are firmly convinced that the Project will in fact "work." 500 kV transmission lines, such as the COTP, are a proven technology that has been used throughout the U.S. since the 19601x. The existing AC Interties are 500 kV transmission lines and the COTP has been designed to operate in parallel with them. Question No. 5% "Can PG&E stop the COTP?" Answer: The TAMC Executive Committee is confident that the COTP will be built with or without PG&E's participation. The benefits of COTP construction, the strong support of Congress, and the interests of all the Participants (including PG&E) support that judgment. Question No. 6: "W'ho will use any excess COTP capacity that might be obtained through TAMC in this Project?" Answer: The TAMC agreements have been structured to facilitate the internal and external layoffs of any excess capacity that a Member might have. Based on requests from the Members, the amount of excess capacity does not seem likely to be large. TAMC has explored the possibility of layoffs to other Participants such as the Western Area Power Administration and certain of these layoffs appear to be potentially attractive. On a real time basis, if layoffs are not made, then unused capacity would be treated on the same basis as the existing Intertie. 19 Question No. 7: "How much will this Project cost?" Answer: On a monthly basis, assuming a joint action agency financing through TAMC, the COTP should cost less than' $3 per kilowatt month. Transmission lines typically, have very .long lifetimes -- over 50 years. The Project Participation Agreement is a 50 -year agreement, which expires only upon agreement by all the Participants. Therefore, after the TAMC debt is paid off (,years), this cost would decrease to the operation and intenanne cost (a small amount per kilowatt of line capacity). VIII. THE PLAN FOR COMPLETING THE CALIFORNIA -OREGON TRANSMISSION -:PROJECT` The TAMC Executive Committee has recommended the following actions by the TAMC Members: • Approval of TANC Project Agreement No. 3 (which is in substantially final form) to enable a TAMC financing that would complete the COTP, without other Participants such as PG&E, if necessary, and • Expeditious completion (by 1993) of COTP construction to enable the Members of TAMC to begin to utilize new power markets and bulk power suppliers presently not available to most of the TANC Members, and • Continued negotiations with the other COTP Participants, including PG&E, to bring the COTP to completion consistent with the original MOO as has been directed by the United States Congress, to the extent possible. To continue moving forward with COTP construction, the TANC Commission has outlined the following strategy: - Proceed with negotiation of a Project Participation Agreement (PPA), to be executed by all or most of the current Participants who want to sign the PPA. - Proceed with COTP construction in 1990, with TANC paying the IOUs' share of costs while the IOUs seek final regulatory approvals. - TANC will issue two types of financing - tax-exempt to fund TANC's share, taxable to fund the IOUs' share during 1990. The IOUs would refund the taxable 21 i financing, if they have received their CPCNs, or IANC can undertaken an appropriate refinancing. If other Participants drop out, the Federal Allottees. the California Department of Water Resources, Western, and IANC will step up for the unused capacity. IX. FINANCING PLAN AND SCBEDULE • Member final approvals of TAMC PA3 should be completed in early April 1990. • A tax-exempt bond issue for TANC's "base" COTP entitlement of 677 MW would be completed in May 1990 (Approx. $290 million. 30 -year bonds). • A commercial paper program would be undertaken beginning June 1990 with the issues sized to match TAN;;'s cash flow requirements (Approx. $100 million through early 1991). • Upon completion of the CPUC Certificate process for the California IOUs, TAMC would either defease the commercial paper (if the IOUs are in COTP) or undertake subsequent, appropriate financings (PA3 enables these without further Member approvals). 23 TRANSMISSION AGENCY OF NORTHERN CALIFORNIA P.O. Box 661030, Sacramento, CA 95866 (916)1924-1196 MEMORANDUM TO: TAMC Members February 23, 1990 FROM: Joseph B. MarcoJ Chairman 91( SUBJECT: APPROVAL OF TANC PROJECT AGREEMENT NO. 3 I am pleased to report that on February 21, 1990, the Commission of the. Transmission Agency of Northern California (IANC) approved IANC Project Agreement No. 3, which will provide for financing, construction, and operation of the California - Oregon Transmission Project (.Project). In adopting TAMC Project Agreement No. 3, the Commission also established a schedule for the Members of TAMC to elect to proceed with the Project. The schedule calls for each TAMC Member participating -in the Project to approve Project Agreement No. 3 before April 15. 1990, as the final election date to remain in the Project. Enclosed you will find: a suggested form of resolution for each City or District to use in approving Project Agreement No. 3; • a copy of the TAMC Resolution approving Project Agreement No. 3; and • Project Agreement No. 3 as approved by the Commission of TAMC. '', •\ Puhlit E ntih ��hn,t• 11t•rttht•n int i;n'.• AI,)meda. Biggs. Gr Ht'a".d,hur14. t t•.Ir. ! txnlr:.t '.to.t:lt ,i r ;n ct at:•:n I I, It 1, t fain All, Rvdding. f ct,t^.illt . NJ( ran:rnlrt Ntunu P-1 [ ti::t. TTuriot i. {rrtti;a?nM Oi,trt t, l krah 0 TANC Members February 23, 1990 Page 2 TANC staff are preparing briefing materials and will be available to provide assistance as needed to present Project Agreement No. 3 to your staff and governing board members. I would like to emphasize the importance of moving forward with your local approvals in a timely fashion as TAMC moves forward with financing arrangements for the Project. If you have any questions or comments regarding the process for approving Project Agreement No. 3# please feel free to contact Lloyd Harvego or Maury Kruth at (916) 924-1534 or Dennis De Cuir (our General Counsel) at (916) 444-3900. RESOLUTION NO. 90-18 RESOLUTION OF THE TRANSMISSION AGENCY OF NORTHERN CALIFORNIA APPROVING AND AUTHORIZING EXECUTION OF PROJECT AGREEKENT NO. 3 FOR THE CALIFORNIA -OREGON TRANSMISSION PROJECT WHEREAS, the Transmission Agency of Northern California (TAMC), a joint exercise of powers agency established pursuant to the laws of the State of California, has been actively inv:2ved in the planning and development of the California -Oregon Transmission Project (Project); and WHEREAS, the Members of TAMC desire to authorize TAMC to undertake additional responsibilities as a Participant in the Project including, but not limited to, activities pertaining to construction and operation of the Project; and WHEREAS, the Members of TAMC have developed a Project Agreement No. 3 (Agreement) to set forth the Members' rights and obligations with regard to the construction, and operation of the Project; and WHEREAS, the Participation Percentages set forth in Appendix C of the Agreement are based upon all of the Members of TAMC specified in that Appendix electing to sign the Agreement; and WHEREAS, in completing the Agreement the Members have also developed a methodology to share transmission services between Midway and Tesla Substations; NOW, THEREFORE, BE IT RESOLVED by the Commission of the Transmission Agency of Northern California, as follows: Section 1. The Agreement, in substantially the form presented to this meeting and made a part hereof as though set forth in full herein, is hereby approved. The Chairman, with the advice of TANC General Counsel, is hereby authorized to execute and deliver the Agreement in the form presented to this meeting with such changes, insertions and omissions as may be approved by the Chairman, said execution being conclusive evidence of such approval. Section 2. The Chairman, the Vice Chairmen, each Assistant Treasurer, and the Treasurer of the Agency, the Secretary and any other proper officer of TAMC, acting singly, and each of them, hereby are authorized to execute and deliver any and all documents and instruments and to do, or cause to be done, any and all acts and things necessary or proper for carrying out the transactions contemplated by the Agreement and this resolution. Section 3. In the event that the governing body of a Member listed in Appendix C of the Agreement fails to adopt a resolution in substantially the form of the Suggested Resolution for Member Authorizing Execution of Project Agreement No. 3 .(Member Resolution) appended hereto before April 15, 1990, such Member shall be considered to have elected to relinquish any right or entitlement to further participate in the Project. Section 4. On or before April 20, 1990, execution copies of the Agreement shall be transmitted to each Member that adopted a Member Resolution prior to April 15, 1990 (remaining Member). Such execution copies shall contain no reference to any other Members and shall establish the Participation Percentage of each remaining Member at the ratio between the remaining Member's Participation Percentage set forth in Appendix C of the Agreement presented at this meeting and the aggregate of the Participation Percentages of all of the remaining Members set forth in that Appendix C, expressed as a percentage; provided that the Participation Percentage so established for any Member shall not exceed the Member's Participation Percentage set forth in Appendix C of the Agreement presented at this meeting by more than 5 percent without the consent of the Member. Section 5. The Members and TAMC agree to share the Tesla to Midway transmission service provided under the Memorandum of Understanding for the Project according to the amounts described in Attachment 2 hereto provided that the Cities of Alameda, Healdsburg, Lodi, Lompoc, Palo Alto, Roseville, and Ukiah, and the i Plumas-Sierra Rural Electric Cooperative shall have, a -collective option to purchase 5 MW of such service by the assumption of the rights and obligations from the collective rights and obligations, allocated according to their participation percentages in M -S -R Public Power Agency, of the Cities of Redding andSantaClara and the Modesto Irrigation District# 12royi ed,that such option must be exercised before Tesia-Midway service begins, and that service provided under such.option will be provided for the term of the Tesla to Midway transmission service. Section 6. This resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED this 21st day of February, 1990, on a motion by Mr. Hahn, seconded by Mr. Weisel. City of Alameda City of Higgs City of Gridley City of Healdsburg City of Lodi City of Lompoc Modesto Irrigation District City of Palo Alto Plumas-Sierra Rural Electric Cooperative City of Redding City of Roseville Sacramento Municipal Utility District City of Santa Clara Turlock Irrigation District City of Ukiah AYES x x x X NOES ABSTAIN ABSENT X E3 x SUGGESTED RESOLUTION FOR MEMBER AUTHORIZING EXECUTION OF PROJECT AGREEMENT NO. 3 WHEREAS, the Members of TAMC have developed a Project Agreement No. 3 ("Agreement") to set forth the Members' rights and obligations with regard to the construction and operation of the California -Oregon Transmission Project; and WHEREAS, on February 21, 1990, by (Resolution No. 90-18, the TANG Commission approved that Agreement and directed that 'the, execution copies of the Agreement refer only to TANC Members that adopt resolutions authorizing execution before April 15, 1990, and further directed that such execution copies contained appropriate adjustment of Member Participation Percentages in the event some Members fail to adopt such authorizing resolutions; BE IT RESOLVED, that each of and is authorized and directed to execute: (i) an execution copy of Project Agreement No. 3 that is prepared in the manner provided for in TANC Resolution No. 90-18, a copy of which is attached hereto and incorporated into this resolution by this references and (ii) such amendments and supplements to Project Agreement No. 3 as either such officer determines with the advice of counsel to be necessary or appropriate from time to time hereafter to cure any ambiguity or eliminate superfluous provisions or to correct or supplement any defective provision in Project Agreement No. 3. Attachment 2 South of Tesla Shares South of Tesla TAMC Allocation Member (MW) Alameda 2.57 Sealdsburg 0.54 Lodi 2.53 Lompoc 0.61 MID 103.80 Palo Alto 6.38 Plumas-Sierra 0.54 Redding 32.10 Roseville 2.18 SMUD 45.90 Santa Clara 82.80 TID 19.35 Ukiah 0.70 TOTAL 300.00 TRAXSXI88ION AGENCY OF NORTHERN CALIFORNIA PROJECT AGREEMENT NO. 3 FOR THE CALIFORNIA-OREGON TRANSMI88ION PROJECT 2/23/90 1 2 3 4' S 6 7 s 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 TRANSMISSION AGENCY OF NORTHERN.CALIFORNIA PROJECT AGREEMENT NO. 3 FOR THE CALIFORNIA -OREGON TRANSMISSION PROJECT AMONG THE TRANSMISSION AGENCY OF NORTHERN CALIFORNIA THE CITY OF ALAMEDA THE CITY OF HEALDSBURG THE CITY OF LODI THE CITY OF LOMPOC THE MODESTO IRRIGATION DISTRICT THE CITY OF PALO ALTO THE PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE THE CITY OF REDDING THE CITY OF ROSEVILLE THE SACRAMENTO MUNICIPAL UTILITY DISTRICT THE CITY OF SANTA CLARA THE TURLOCK IRRIGATION DISTRICT THE CITY OF UKIAH 1 2 311 4 5 6 7, 8' 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 SECTION 1 2 3 4 5 6 7 8 9 10 it 12 13 14 15 16 17 TRANSMISSION AGENCY OF NORTHERN CALIFORNIA PROJECT AGREEMENT NO..3 FOR THE CALIFORNIA -OREGON TRANSMISSION PROJECT TABLE OF CONTENTS Preamble . . . . . . . . . . ... . . . • Recitals • Definitions . . . . . . . . . . . . . . . Project Participation and Authorization . Duties and Responsibilities of TAMC During Phase II and Phase III . . . . . . . . . . . obligations of Members During Phase II and Phase III . . . . . . . . . . . . . . . . . • Term, Termination, and Amendments . . . . . . Default . . . . . . . . . . . . . . . . Use of Transfer Capability . . . . . . . . . Scheduling . . . . . . . . . . . . . . . . . Insurance and Indemnification . . . . . . . . Compliance with Other Instruments . . . . Liability of TANC Officers . . . . . . . . . Notice and Computation of Time . . . . Applicable Law . . . . . . . . . . . . . . . Severability . . . . . . . . . . . . . . . Members' Right to Withdraw . . . . . . . Assignment of Agreement . . . . . . . . . . . Members' Obligations Several . . . . . . . . -i- kAGE 1 1 4 12 15 20 26 27 30 33 34 34 34 35 36 36 36 41 41 _ Fri• 1 18 Trustee as a Third Party Beneficiary . . . . 41 2 19 Appendices . . . . . . . . . . . . . . . . . 42 3 20 Waiver 42 4 21 Captions 42 5 22 Billing and Payment . . . . . . . . . . . . . 42 6 23 Distribution of Assets . . . . . . . . . . . 44 7 24 Counterparts . . . . . . . . . . . . . . . . 44 8 25 Signatures . . . . . . . 44 9 10 Memorandum of Understanding . . . . . . . . . . APPENDIX A 11 Memorandum of Understanding Annex . . . . . . . APPENDIX B 12 Participation Percentages . . . . . . . . . . . APPENDIX C 13 Prescheduling of Transmission Use 14 and Curtailment Notification 15 Procedures . . . . . . . . . . . . . . APPENDIX D 16 Billing Addresses of the Parties . . . . . . . APPENDIX E 17 18 19 20 21 22 23 24 25 26 27 28 -ii- 1' 2 PREAMBLE This Project Agreement No. 3 is made and entered into as of March 1, 1990, by and among the Transmission Agency of Northern California, hereinafter referred to as "TAMC"; and the Cities of Alameda, Healdsburg, Lodi, Lompoc, Palo Alto, Redding, Roseville, Santa Clara, and Ukiah; the Sacramento Municipal Utility District; the Modesto Irrigation District; the Turlock Irrigation District; and the Plumas-Sierra Rural Electric Cooperative. WHEREAS: A. on December 100 1984, TAMC was duly established as a .joint powers agency, pursuant to Section 6500 et seq. of the California Government Code, by an agreement among the Members entitled "Joint Powers Agreement, Transmission Agency of Northern California"; and B. TAMC, in its own name, or for the benefit of its Members, ham the power to acquire by purchase or eminent domain, construct, finance, operate and maintain facilities for electric power transmission including, without limitation, the power to purchase, lease, operate, develop, contract for, cr own, new or upgraded transmission lines, and facilities for the benefit of the Members; and C. Each Member of TANC c•ns and operates a system for the distribution of electric power and energy, and is authorized to -1- 1 2 3 4 S 6 7 8 9 10 11 12 13 14' 15 16 17 18 19 20 21 22 23 24 25 26 27 28 obtain transmission facilities or rights to use transmission facilities for its present or future requirements, through contracts with TAMC or otherwise; and D. IANC, on behalf of its Members, executed the December 19, 1984, "Memorandum of Understanding, California - Oregon Transmission Project," among certain California entities and the Western Area Power Administration, which sets forth principles for the development of the California --Oregon Transmission Project including the designation of TANC as Project Manager; and E. The Members of TANC entered into the June 19, 1985, "Project Agreement" for the purposes of issuing and selling a promissory note for financing studies and other preliminary costs to be incurred prior to making a decision, after environmental and other review, of whether to undertake construction of the California -Oregon Transmission Project; and F. The Members of TANC entered into the September 30, 1985, "TAMC Project Agreement No. 2 for the California -Oregon Transmission Project" for the purpose of refinancing the promissory note and to fund certain feasibility and planning studies, and to provide for TANC's share of the costs for Project Development Work for the California -Oregon Transmission Project; I and G. TAMC, on behalf of its Members, executed the September 30, 1985, "California -Oregon Transmission Project Development Agreement" for the purpose of completing required activities such as obtaining approvals, certificates, licenses and permits as required by law and regulation before undertaking -2- 1 2 3 4 5 6 7 8 91 10 11 12 13 14 15 16 17 is 19', 20 21 22 23 24 25 26 27 28 construction of the Project; and H. TANC, on behalf of its Members, entered into the Memorandum of Understanding Annex dated February 6, 1986, with the initial Participants and additional non-federal public entities which allocated a 3.125 percent Project entitlement among the additional Participants and re -allocated the remaining entitlement among the initial Participants; and I. The Members of TAMC desire to authorize TAMC to undertake additional responsibilities as a Participant -in the California -Oregon Transmission Project on behalf of the Members, and recognize the desire of all Participants in the California - Oregon Transmission Project for TANG to perform the duties of Project Manager, including the duties and responsibilities described in the "Memorandum of Understanding, California -Oregon Transmission Project," and the "Project Participation Agreement," as defined in this Agreement; and J. On January 20, 1988, TAMC certified the Final Environmental Impact Report for the California -Oregon Transmission Project, the Los Banos -Gates Transmission Project, and the Pacific Northwest Reinforcement Project, made findings pursuant to the California Environmental Quality Act, and approved the California -Oregon Transmission Project; and K. Each Member executing this Agreement has participated in (the preparation and review of the Draft Environmental Impact IReport and has reviewed and approved the Final Environmental (Impact Report for the California -Oregon Transmission Project and adopted the findings made by TANC as lead agency for the California -Oregon Transmission Project. -3- 2 3' 4 5 6 7 s 9 10 11 12 13' 14 is 16 17 18 19 20 21 22 23 24 25 26 21 2E NOW, THEREFORE, in consideration of the mutual covenants and conditions set forth in this Agreement, TAMC and the Members agree as follows: 11. DEFINITIONS whenever used in this Agreement, the following terms shall have the following meanings. The singular of any term shall include the plural and the plural shall include the singular. 1.1 "Acquisition and Construction Work" - Any work necessary or useful for acquisition and construction of the Project, including procurement of materials and any land or rights in land in connection therewith; _qnd, in addition, that work to be done pursuant to or in the negotiation of the Intertie Agreements for: management and administrative services; economic, legal, engineering, and other activities; and services which may be necessary or convenient in connection with the Intertie Agreements. 1.2 "Addition" - A new facility, other than a Betterment or Replacement, that is added to the Project, together with associated land rights, if any. 1.3 "Agreement" - This Project Agreement No. 3 among the Members and TAMC, as amended and supplemented from time to time in accordance with the terms hereof. 1.4 "Betterment" - A new facility, other than a Replacement, together with associated land rights, if any, which will increase the "Rated Project Transfer Capability" (as that term is defined in the Intertie Agreements) above the then- -4- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2E current Rated Project Transfer Capability or sixteen hundred (1600) megawatts, whichever is less. 1.5 "Closing Date" - The date of each issuance of TANC Project Indebtedness, as determined and announced by written notice from TAMC to all TANC Members, as further described in (Section 4.1.1. 1.6 "Debt Service" - With respect to any period, the aggregate of the amounts required by each Indenture to be paid during said period into any fund or account created by the Indenture for the sole purpose of paying or providing reserves, for paying the principal (including sinking fund installments) of and premium, if any, and interest on all the Indebtedness from time to time outstanding; provided, howevgr, that Debt Service shall not include any amounts on account of acceleration of the maturity of any Indebtedness. 1.7 "Electric System" - All properties and assets, real and personal, tangible and intangible, of any Member (whether leased or owned) now or hereafter existing, used for or pertaining to the generation, transmission, transformation, distribution and sale of electric capacity and energy, including all additions, extensions, expansions, improvements and betterments thereto and equipping thereof; grovided, however, that to the extent the Member is a joint owner of an asset or property, only the Member's ownership interest in such asset or property shall be considered to be part of its Electric System. 1.8 "Executive Committee" - A committee appointed by the TAMC Commission to which it may delegate certain responsibilities as provided in resolutions duly adopted by the TANC Commission -5- I pursuant to the Joint Powers Agreement. 2 1.9 "Fiscal Year" - The twelve-month period terminating on 3 September 30 of each year, or any other annual accounting period 4 hereafter selected and designated by TANC as its Fiscal Year for S purposes of this Agreement and each Indenture. 6 1.10 "Indebtedness" - Bonds, notes or other evidences of 7 indebtedness (including, without limitation, contracts relating 8 to letters of credit or other credit enhancement devices and 9 long-term contracts,which are characterized as debt by TAMC at or 10 prior to execution thereof) issued or otherwise incurred or i 11 entered into by or on behalf of TANC in connection with the 12 Project. For purposes of this Agreement, Indebtedness shall be 13 considered outstanding as of any date if such Indebtedness has 14 not been paid or if provision for the payment of the principal of 15 and iisterest on such Indebtedness has not been made in accordance 16 with the Indenture pursuant to which such Indebtedness has been 17 issued or incurred. 18 1.11 "Indenture" - One or more indentures or other 19 instruments approved or adopted by TANC providing for the 20 issuance or incurring of Indebtedness. 21 1.12 "Interest Charge" - That charge against unpaid amounts 22 due and owing in accordance with this Agreement assessed at an 23 annual interest rate compounded monthly equal to the lesser of 24 (i) two percent (2%) plus the applicable first of the month 25 reference rate or successor, of the Bank of America N.T. & S.A., 26 San Francisco, California, in effect from time to time during the 27 period over which the payment is overdue or (ii) the maximum 28 interest rate permitted by law. -6- 1 2 3 4 5 6 7 8 9 10 11 12 13I 14 is 16 17 18 19 20 21 22 23 24 25 26 27 2E 1.13 "Tntertie Agreements" - Agreements related to the Project which have been or which may be entered into by TAMC and some or all of the other Participants, which include, but are not limited to, the MOU, the Project Development Agreement, the Project Participation Agreement, any amendments to the foregoing agreements, and other agreements related to the Project entered into by TAMC as Project Manager or by TAMC on behalf of the Members. 1.14 "Joint Powers Agreement" - The.Joint Poweru Agreement, Transmission Agency of Northern California, dated December 10, 1984, which established TANG as a joint powers agency pursuant to Section 6500 et seq. of the California Government Code, as amended and supplemented from time to time. 1.15 "Management Committee" - A committee as described in the MOU and further described in the Intertie Agreements. 1.16 "Member" - Any of the Cities of Alameda, Healdsburg, Lodi, Lompoc, Palo Alto, Redding, Roseville, Santa Clara, and Ukiah; the Sacramento Municipal Utility District; the Modesto Irrigation District; the Turlock Irrigation District: or the Plumas-Sierra Rural Electric Cooperative, which, at any given point in time, is a party to the Joint Powers Agreement and retains its rights and interests under this Agreement. 1.17 "MOU" - The Memorandum of Understanding, California - Oregon Transmission Project, dated December 19, 1984, among the Participants, the Department of Water and Power of the City of Los Angeles, and the California Department of Water Resources, as (modified by the Memorandum of Decision of the United States ,Secretary of Energy, dated February 7, 1985, as interpreted by -7- 1 2 3 4 S 6 7 8 I1 9 10 11 12 13 14 is 16 17 18 19 20 21 22 23 24 25 2b 27 2F the letter of the United States Department of Energy Acting General Counsel, dated May.4, 1985, a copy of which is attached hereto as Appendix A, as amended by the Memorandum of Understanding Annex, and as it may be further amended. 1.18 "Memorandum of Understanding Annex" - The agreement among the Participants, the California Department of Water Resources, and the Department of Water and Power of the City of Los Angeles executed on February 61 1986 which modified the MOU and allocated a 3.125 percent Project entitlement to certain non-.' federal public entities set out at 50 Fed. Req.:2769 (1.985) and simultaneously reduced the existing Participants' entitlements by a corresponding percentage, a copy of which is attached hereto as Appendix B. 1.19 "operating Agent" - The Participant designated in the Intertie Agreements to have the duties and responsibilities for the overall operation and maintenance of the Project. 1.20 "opRosing ,Member" - A Member which votes against a Betterment or Addition in accordance with Section 3.1.2.2.1 or 13.1.2.2.2. 1.21 "participants" - Those entities, including TAMC, which have interests in the Project through execution of the Intertie Agreements. 1.22. "Participation Percentage" - That percentage of TANC's entitlement to Transfer Capability which an individual Member of TANC has the right to use as set forth in Appendix C of this Agreement. Such percentages may be modified pursuant to Sections 2.3, 3.1.2.2, 6, and 15. 1.23 "PDA" - Project Development Agreement. fM 1 1.24 "Phase" or "Phases" - Those activities of the Project 2 described in Section 2.2.- 3 1.25 "Project" - The California -Oregon Transmission 4 Project, which consists of electric transmission facilities 5 between California and the Pacific Northwest, as such Project is 6 generally described in, and as changed pursuant to, the Intertie 7 Agreements. 8 1.26 "Project -Development Agreement" - That agreement among 9 the Participants dated September 30, 1985, which provides, inter 10 glia, for the Participants to share the costs of Project 11 Development Work. 12 1.27 "PKoject Development Work" - That work described in 13 Appendix A of the PDA, or consistent with and within the scope of 14 Appendix A of the PDA and approved by the Management Committee to 15 be performed in accordance with the PDA. 16 1.28 "Project Manager" - The entity designated by the 17 parties to the MOU and the Intertie Agreements which :.as the is overall management responsibility for the Acquisition and 19 Construction Work of the Project. 20 1.29 "Project Participation Agreement" - That agreement 21 which may be executed by those Participants electing to proceed 22 with Phase II and Phase III of the Project, as it may be modified 23 and supplemented in accordance with the terms thereof. 24 1.30 "Replacement" - A new facility that is intended to be 25 a direct replacement for an existing facility, which is designed 26 primarily to maintain the existing operational reliability or 27 capability of the Project, irrespective of whether the 28 replacement results in an incidental increase in the "Rated -9- I Project Transfer Capability" (as that term is defined in th( 2 Intertie Agreements), and which results in a "retirement unit" 3 being substituted for another such retirement unit. As used 4 herein, "retirement unit".shall mean property as defined in 5 Section 15060 of the Federal Energy Regulatory Commission uniform 6 System of Accounts Prescribed for Public Utilities and Licensees 7 Subject to the Provisions of the Federal Power Act, or its 8 successor document. 9 1.31 "Revenues" - All income, rents, rates, fees, charges, I 10 and other moneys derived by a Member from the ownership or 11 operation of its Electric System, including, without limiting the 12 generality of the foregoing (i) all income, rents, rates, fees, 13 charges, or other moneys derived from the sale, provision, and 14 supply of electric capacity and energy and other services, 15 facilities, and commodities sold, furnished, or supplied through 16 the facilities of the Electric System, (ii) the earnings on and 17 income derived from the investment of such income, rents, rates, is fees, charges, or other moneys to the extent that the use of such 19 earnings and income is limited to the Electric System by or 20 pursuant to law and (iii) the proceeds derived by such Member 21 directly or indirectly from the sale, lease, or other disposition 22 of a part of the Electric System as permitted hereby; but the 23 term "Revenues" shall not include customers' deposits or advances 24 subject to refund or contributions in aid of construction until 25 such deposits, advances, or contributions have become the 26 property of the Member. 27 1.32 "TANC Capital Improvement Costs" - Those costs 28 incurred in connection with Phase III of the Project allocable to -10- 1 2 3 4 5 6 7 a 9 10 11 12 13 14 1s 16 17 18 19 20 21 22 23 24 25 26 27 28 ` TANC for the purpose of making Additions, Betterments, or Replacements to the Project and such other costs relating to capital improvements to the Project properly chargeable to TAMC pursuant to the Intertie Agreements. 1.33 "TANC Commission" - The governing body of TANC as described in the Joint Powers Agreement. 1.34 "TANC Coordinator" - An entity appointed by TANC to, inter alia, coordinate the Members' use of TANC's entitlement to Transfer Capability. 1.35 "JANC ProjectCosts" - Those costs incurred in connection with Phase II of the Project allocable to TANC and such other costs relating to the acquisition and construction of the Project properly chargeable to TANC pursuant to the Intertie I Agre•.-nents. 1.36 "TANC Project Indebtedness" - That Indebtedness to be issued by TANC to finance TANC Project Costs, TANC Project O&M Costs, TANC Capital Improvement Costs, and such other costs as are described in Section 4.1.3.1. 1.37 "TANC Project 0&M Costs" - Those costs incurred in connection with Phase III of the Project allocable to TANC which are necessary to operate and maintain the Project, such other costs relating to the operation and maintenance of the Project properly chargeable to TANC pursuant to the Intertie Agreements, and costs of the TANC Coordinator. TANC Project O&M costs shall not include TANC Project Costs or TANC Capital Improvement Costs. 1.38 "Transfer Capability" - The ability of the Project or a segment thereof to transmit power, expressed in megawatts, as determined in accordance with the Intertie Agreements. As used -11- in this Agreement, the term "Transfer Capability" can refer to a rated amount or an amount available at any given time, as appropriate in the context in which such term is used. TAMC and its Members acknowledge that there may be times when available Transfer Capability is less than the rated amount for the Project or a segment thereof. 1.39 "Trustee" - Any trustee, including any successor trustee, under an Indenture. 2. PROJECT PARTICIPATION AND AUTHORIZATION 2.1 Scope - TANC is hereby authorized and directed to act on behalf of the Members in activities related to Phase II and Phase III of the Project, as more fully described below, as a Participant pursuant to the Intertie Agreements, subject to procedures for Member approval and authorization established by the TANC Commission pursuant to this Agreement and the Joint Powers Agreement. TANC is also hereby authorized to fulfill its duties and responsibilities as Project Manager or under any other management role pursuant to the Intertie Agreements. 2.2 Phases - The Project shall proceed in accordance with the following activities: 2.2.1 Phase I activities consist of Project. Development Work; 2.2.2 Phase II activities consist of Acquisition and Construction Work; 2.2.3 Phase III activities consist of operation, maintenance, Additions, Betterments, Replacements, and the retirement or disposal of the Project. -12- 1 2.3 Participation 2 2.3.1 Pursuant to Paragraph 15 of`the Joint Powers 3 Agreement, the Members executing this Agreement each hereby 4 (i) approve TANC's participation in the Project as a 5 Participant in accordance with, and to the extent pzovided 6 in, the Intertie Agreements and this Agreement and (ii) 7 elect to participate in Phases II and III of the Project in s the Participation Percentages set forth in Appendix CO as 9 those percentages may be revised in accordance with this 10 Agreement. In consideration of such approval and election, 11 and payment of its share of the costs set forth in 12 Section 4, each Member shall be entitled to its respective 13 Participation Percentage share of TANC's entitlement to 14 Transfer Capability on the terms and conditions provided for 15 by this Agreement. In the event that the first issuance and 16 sale of TANC Project Indebtedness does not occur within six 17 (6) months after the date of this Agreement, any Member may 1s) terminate its participation under this Agreement by giving 191 written notice to TAMC, in which case the Participation 20 Percentage of such Member shall be divided pro rata among 21 the remaining Members based on Participation Percentages, 22 unless otherwise agreed to by such remaining Members. After 23 the first issuance and sale of such TANC Project 24 Indebtedness, no Member may terminate its participation in 25 th;.s Agreement. 26 2.3.2 In the event that TANC's entitlement to 27 Transfer Capability changes from time to time, within sixty 28 (60) days after such change, the Members shall be permitted -13- 1 2 3 4 S 6 7 a 9 10 11 12 13 14 is 16 17 18 19 20 21 22 23 24 25 26 27 28 to revise the Participation Percentages set forth in Appendix C without an amendment to this Agreement,,subject to the following conditions: 2.3.2.1 The Participation Percentages set forth in Appendix C shall govern in the event that the Members are unable to agree to such a revision to Appendix C; 2.3.2.2 No Member shall be required to accept a Participation Percentage which, when multiplied by TANC's megawatt entitlement to Transfer Capability, would exceed the megawatt amount set forth in the Appendix C, Column D, in which event such excess Participation Percentage shall be divided pro rata among the other Members based on Participation Percentages, unless otherwise agreed to by such Members; 2.3.2.3 No Member may agree to a Participation Percentage which, when multiplied by TANC's megawatt entitlement to Transfer Capability, would be less than the megawatt amount set forth in Appendix C, Column C; 2.3.2.4 No Member may agree to a Participation Percentage which, when multiplied by TANC's megawatt entitlement to Transfer Capability, would exceed the megawatt amount set forth in Appendix C, Column D, if the effect of such agreement would be to materially, adversely alter any rights of or security for holders of TAMC Project Indebtedness. -14- 1 2 311 4 5 6 7 8 9 10 3. 1111 12 13 14 1s I 16 _17 .18 19 20 21 22 23 24 25 26 27 28 2.3.3 Members acknowledge and agree that; notwithstanding the foregoing provisions, Member defaults may result in a non -defaulting Member accepting a megawatt amount in excess of the limits set forth in Appendix C, Column D. Members also acknowledge and agree that, notwithstanding the foregoing provisions, no such agreement shall result in aggregate Participation Percentages of the Members of less than one hundred (100) percent. DUTIES AND RESPONSIBILITIES OF TAMC DURING PHASE II AND PHASE III 3.1 Decisions - Decisions related to the Project shall be wade by the TAMC Commission at meetings to be held at times and places determined by the TANC Commission; provided, that the TANC Commission may delegate decisions to its Executive Committee or others, between meetings, as provided in resolutions duly adopted by the TANG Commission pursuant to the Joint Powers Agreement. 3.1.1 The exercise of the rights and obligations of TAMC under this Agreement shall be subject to the control at all times of the TAMC Commission. 3.1.2 Voting - Approvals or authorizations required under this Agreement shall be given or withheld by the TAMC Commission using the voting procedures described in the Joint Powers Agreement, subject to the following provisions: 3.1.2.1 Phase II Activities - With regard to Phase II activities as described in Section 2.2.2, to constitute a quorum, the combined Participation Percentages of the Members not in default represented -15- 1 2 3 4 5 6 7 8 9 10 11', 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 to f by the TAMC Commissioners present must represent at least sixty (60) percent of the aggregate Participation Percentages of Members not in default at the time of the vote and the action must be approved by TANG Commissioners representing at least a majority of the aggregate Participation Percentages of Members not in default at the time of the vote. 3.1.2.2 Phase III Activities - With regard to Phase III activities as described in Section 2.2.3, to constitute a quorum, the comb ined'Participation Percentages of the Members not in default represented by the TANC Commissioners present must represent at least sixty (60) percent of the aggregate Participa- tion Percentages of Members not in default at the time of the vote and the action must be approved by TAMC Commissioners representing at least a majority of the aggregate Participation Percentages of Members not in default at the time of the vote, provided: 3.1.2.2.1 In the event that a Member votes against a proposed Betterment, such Opposing Member shall have no obligations stemming from such Commission action nor shall such Opposing Member have any right to participate in the benefits of such Commission action and, with regard to such benefits and obligations, the Participation Percentage of each Member except for the Opposing Member(s) shall be increased to the ratio between each -16- I such Member's Participation Percentage and the 2 aggregate of the Participation Percentages of 3 the Members excluding such Opposing Member(s), 4 expressed as a percentage. g 3.1.2.2.2 In the event that a 6 Member votes against a proposed Addition to 7 the Project in any Fiscal Year, and TANC's 8 share of the cost of all Additions previously 9 approved in such Fiscal Year when added to 20 TANC's share of the cost of the proposed 11 Addition exceeds twenty-five million dollars 12 (525,000,000) adjusted in accordance with 13 changes in the Consumer Price Index (CPI) or 14 successor index using the January 1, 1990, 15 level as the base year, with regard to such 16 Opposing Member's Participation Percentage of 17 such excess amount only, such Opposing Member is shall have no obligations stemming from such 19 Commission action nor shall such Opposing 20 Member have any right to participate in the 21 benefits of such Commission action. With 22 regard to the rights and obligations 23 associated with such excess amount, the 24 Members excluding such Opposing Member(s) 25 shall negotiate appropriate adjustments to 26 their Participation Percentages. 27 3.1.2.2.3 In the event that a 28 Member votes against a proposed Replacement, -17- 1 2 311 4 5 6 7 s 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 such Member shall nevertheless be bound by the outcome of such Commission action., 3.1.2.2.4 Nothing contained herein is intended to relieve any Member from its obligations resulting from Commission action except as specifically provided in Sections 3.1.2.2.1 and 3.1.2.2.2. 3.1.2.2.5 Each agreement by the Members with respect to Betterments or Additions shall specifically recognize TANC's rights under this Agreement which secure TAMC Project Indebtedness. 3.2 Specific Duties and Responsibilities - TANC, through the approval of the TAMC Commission, shall be empowered to perform all duties appropriate for the implementation of Phase II and Phase III of the Project, subject to the terms hereof, including but not limited to: 3.2.1 Act as Project Manager or in any other managerial role for the Project in accordance with the Intertie Agreements; 3.2.2 Authorize (i) the issuance or incurrence of Indebtedness and the appropriate documentation related thereto, (ii) the contract of purchase or notice of sale or other instrument under which Indebtedness is to be sold or incurred, (iii) the selection of managing underwriters for Indebtedness (if such Indebtedness is to be sold upon a negotiated basis), and (iv) the manner and timing of marketing (including the manner of sale), if applicable, -18- 1'' 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 1s 19 20 21 22 23 24 25 26 27 28 interest rates, and other terms of Indebtedness; 3.2.3 Provide periodic reports of major construction and major events to the Members with respect to the Project; 3.2.4 Review, discuss, and attempt to resolve any disputes among TAMC and/or the Members; 3.2.5 Negotiate, review, approve, execute, enforce and modify Intertie Agreements as a Participant on behalf of the Members for Phase II and Phase III and perform all activities necessary to fulfill TANC's obligations as a Participant under those agreements; 3.2.6 Approve and engage consultants or advisors on financial, economic, engineering, environmental, management, and legal or other matters; 3.2.7 Review, modify, and approve TANC's insurance program including, without limitation, the establishment of a self-insurance program; 3.2.8 Incur costs, liabilities, and obligations; 3.2.9 Purchase, sell, rent, and lease equipment, apparatus, materials, and supplies and establish and maintain inventories of any of the foregoing; 3.2.10 Acquire by purchase or eminent domain any interest in property, real or personal; x.2.11 Enforce, waive, adjust or compromise any claim by or against TANG, including claims covered by or relating to insurance policies; 3.2.12 Initiate, defend, and otherwise participate in legal and administrative proceedings; 3.2.13 Maintain for Member inspection and audit for -19- 1 the term of this Agreement, and for three (3) years 2 thereafter, books and cost records of TANC in accordance 3 with generally accepted accounting principles; 4 3.2.14 Perform other tasks as may be necessary to S fulfill its obligations as a Participant, as Project 6 Manager, and in any other managerial role under this 7 Agreement and the Intertie Agreements during Phase II and, 8 Phase III of the Project in a timely, cost effective manner. 9 10 4. OBLIGATIONS OF MEMBERS DURING PHASE TI AND PHASE III 11 4.1 TAMC Pro'e� ct Costs - Subject to Section 3.1.2.2, each 12 Member agrees to pay, based on its Participation Percentage, its 13 portion of TAMC Project Costs, its portion of TAMC Project O&M 14 Costs, its portion of TAMC Capital Improvement Costs, and its 15 portion of Debt Service on TAMC Project Indebtedness, in each 16 case as provided in this Section 4.1: 17 4.1.1 At least sixty (60) days prior to the initial ig Closing Date and at least sixty (60) days prior to the 19 commencement of each Fiscal Year thereafter, the TAMC 20 Commission shall develop, approve, and distribute to the 21 Members a budget for TANC Project Costs, Debt Service for 22 TANC Project Indebtedness, TAMC Project O&M Costs, and TAMC 23 Capital Improvement Costs which the TANC Commission 24 estimates will be incurred during the then -current Fiscal 25 Year in the case of the initial budget and during the next 26 succeeding Fiscal Year for all subsequent budgets. Such 27 budgets shall be generally. based upon budgets approved by 28 the Management Committee and upon TANC's estimates of TANC -20- 1 Project Costs, Debt Service for TANC Project Indebtedness, 2 TANG Project O&M Costs, and TAMC Capital Improvement Costs; 3 provided, that if a budget has not been approved by the 4 Management Committee the budget shall be based upon TANC's g est.mates. Each budget other than the initial budget shall 6 also include a variance report which compares actual 7 expenditures wi%h budgeted amounts for the previous Fiscal 8 Year. As soon as practicable after the approval of each 9 such budget, TAMC shall mail the budget to the Members. 10 Members acknowledge and agree that Participant defaults or 11 withdrawals that result in changes in TANC's ownership i 12 interest in the Project will require changes in TANC's 13 payment obligations under the Intertie Agreements 14 approximately proportionate to the change in TANC's 1s entitlement to Transfer Capability and a corresponding 16 change in the Members' payment obligations hereunder. TANG, 17 if requested by any Member, will make best efforts to 1A remarket any entitlement to Transfer Capability that such 19 Member or its designated agent may determine to be in excess 20 of that Member's requirements. Remarketing efforts will be 21 focused on the other Members, the Western Area Power 22 Administration, the California Department of Water 23 Resources, and other Participants. Members also acknowledge 24 and agree that some anticipated Participants may elect not 25 to enter into the Intertie Agreements for Phase II and 26 Phase III of the Project and that this Agreemer•t. is intended 27 to perm -;t the Project to be constructed without such 28 anticipated Participants so that TANC's ownership interest -21- I in the Project, and thus the amount of Trans fer'Capabi1ity 2 to which each Member shall be entitled pursuant to this 3 Agreement, will vary depending on the final ownership 4 interests established for TANC and the other Participants 5 pursuant to the Intertie Agreements. TANC currently 6 anticipates that, at the time of execution of the Intertie 7 Agreements, the Intertie Agreements will establish TANC's 8 initial ownership interest in the Project at a minimum of 9 42.2916% and a maximum of 93.753. 10 4.1.2 Each of the Members hereby approves the 11 issuance and sale of IANC Project Indebtedness as provided 12 in Section 4.1.3.1 below subject to approval of the TANC 13 Commission pursuant to Section 3.1.2. S::ch approvals are 14 intended to be and are limited to the approvals required by 15 Paragraphs 6 and 15 of the Joint Powers Agreement. Such 16 Indebtedness shall not constitute a debt, liability or 1: obligation of any of the Members and shall not constitute a 18 debt of TAMC payable by the Members pursuant to Paragraph 21 19 of the Joint Powers Agreement. 20 4.1.3 Subject to Section 3.1.2.2, each of the 21 Members hereby severally requests and agrees as follows: 22 4.1.3.1 Each Member requests that TANC 23 issue, sell, or otherwise incur Indebtedness from time 24 to time pursuant to the provisions of Chapter 5, 25 Division 7, Title 1 of the Government Code of the 26 State of California or any other applicable provisions 27 of law in amounts which will be sufficient to permit 2811 TANC to pay, when due, all TANC Project Costs, TANC -22- 1 2 3 4 5 6 7 8 9 10 11 12 13 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Project O&M Costs through the first full Fiscal Year after completion of the Project, TANG Capital Improvement Costs, costs of issuance, credit enhancements and other costs incurred in connection with the issuance or incurring of TANC Project Indebtedness, and to provide for capitalized interest as e-Aermined by TANC and for required deposits to funds and accounts established by each Indenture and, in addition, to provide for the principal and interest on all Indebtedness outstanding on the initial Closing Date (all of said Indebtedness to constitute TANC Project Indebtedness). Whenever TANC deems it beneficial to the Members, as a result of Debt Service savings or otherwise, upon approval of the TANC Commission, TANC may issue Indebtedness to refund outstanding TANC project Indebtedness (which the Members hereby authorize) and the same shall be TANC Project Indebtedness. 4.1.3.2 Each Member severally agrees to pay to TANC an amount equal to its Participation Percentage of all Debt Service on the TANC Project Indebtedness to enable TANC to pay such Debt Service at the times and in the manner set forth in the applicable Indentures. Each Member also agrees to pay to TANC, in accordance with Section 22, an amount equal to its Participation Percentage of TANC Project Costs, TANC Project O&M Costs, and TANC Capital Improvement Costs, not financed by TAMC Project -23- 1 2 3 4 5 6 7 8 9 10 ill 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2A Indebtedness as indicated in the budgets prepared pursuant to Section 4.1.1, including any budget revisions made pursuant to Section 4.1.5. 4.1.3.3 Upon failure of a Member to make any of the payments described in Section 4.1.3.2, TAMC shall make demand upon such Member, and if said failure is not remedied within forty-five (45) days from the date of such demand, it shall constitute a default at the expiration of such forty-five (45) day period. Such default shall be handled in accordance with Section 6. Notice of such demand shall be provided to the other Members. 4.1.3.4 Each Member agrees to establish rates and charges for its Electric System so as to provide Revenues sufficient, together with other available funds derived from its Electric System, to pay, when due, all amounts payable by such Member under this Agreement and to pay all other amounts payable from, and all lawful charges against or liens upon, the Revenues of its Electric System. 4.1.3.5 Each Member shall be obligated to make payments under this Section 4.1.3 and to budget for such payments solely from the Revenues of, and as an operating expense of, its Electric System. Each Member shall make the payments required of it by this Agreement in the amounts and at the times determined pursuant to this Agreement and such payments and the obligation to make same shall be absolute and -24- 11 2 3 4 5 6 7 8 9 10 11 12 13 14 is 16 17 18 19 20 21 22 23 24 25 26, 27' 28 unconditional and such payments shall be made whether or not the Project or any part thereof has been completed, is operating pr operable or its output or .capability is suspended, interrupted, interfered with, reduced or curtailed, or terminated in whole or in part, and such payments shall not be subject to reduction whether by offset, counterclaim, recoupment or otherwise and shall not be conditioned upon the performance or nonperformance by any party to any agreement or for any other cause or reason whatsoever." 4.1.3.6 Each Member covenants and agrees that it shall, at all times so long as any IANC Project Indebtedness remains outstanding, operate the properties of its Electric System and business in connection therewith in an efficient manner and at a reasonable cost and shall maintain its Electric System in good working order and condition, and shall cooperate with TANC in the performance of the respective obligations of TANC and such Member under this Agreement. 4.1.3.7 Each Member agrees that all rights, title, and interest of TAMC in and to all payments required to be made under this Section 4.1.3 by the Members pursuant to the provisions hereof may be pledged and assigned under the Indentures to secure the TANC Project Indebtedness. 4.1.4 Funds received by TANC from the issuance and sale of TAMC Project Indcbtedness shall be applied to one or -25- 1 2! 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 more of the purposes specified in Section 4.1.3.1 in accordance with the Indenture authorizing such TANC Project Indebtedness. 4.1.5 TANC may, from time to time, revise the budgets established pursuant to Section 4.1.1 as necessary. Such budgets shall include adjustments for variances between estimated and actual costs included in previous budgets. In that event, subject to Section 3.1.2, the procedures of Sections 4.1.2 through 4.1.4 shall be followed for payment of any additional costs. 15. TERM, TERMINATION, AND AMENDMENTS 5.1 Tern - This Agreement shall take effect as of the date hereof and shall remain in full force and effect during the term of the Joint Powers Agreement and the Intertie Agreements (as their terms may be extended) or so long as any TANC Project Indebtedness remains outstanding, whichever is longer. 5.2 Termination - This Agreement shall not be subject to termination by TANC or any Member under any circumstances, whether based upon the default of any party under this Agreement, or any other instrument, or otherwise. 5.3 Amendments - So long as any TANC Project Indebtedness is outstanding, this Agreement may be amended, modified, or otherwise changed or rescinded, except as provided in the applicable Indentures, so long as such amendment, modification, change, or rescission would not materially, adversely alter any rights of or security for holders of such Indebtedness. Except as provided in Section 8.3, this Agreement may be amended only by -26- 1 2 3 4 5 6 7 a 9 10 11 12 13 14 1s 16 17 18 19 20 21 the written agreement of all of the parties hereto. 6. DEFAULT 6:1 Defaulting Member's Parti ipation Percentage - Upon the failure of any Member or, with respect to its obligations under Section 15, a former Member who has withdrawn, to meet its obligations hereunder, TAMC shall give written notice of the failure to such Member or former Member who has withdrawn and, if such failure has not been cured within forty-five (45) days after the date of such notice, it shall constitute a default at the expiration of such forty-five (45) day period. Upon such default, in addition to the rights and remedies available to TANG pursuant to Section 6.2, TANC may protect and enforce its rights hereunder by suit or suits in equity or at law, whether for the specific performance of any covenant herein or for damages or in aid of the execution of any power granted herein or any other remedy available under any provision of applicable law. No remedy by the terms of this Agreement conferred upon or reserved to TANC is intended to be exclusive of any other remedy, but each. and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Agreement or 22 existing at law or in equity or by statute on or after the 23 effective date of this Agreement. 24 6.2 Nondefaulting Member's Participation Percentage - Upon 25 any default described in Section 4.1.3.3, the defaulting Member 261ishall no longer be entitled to any rights granted to the Members 27 with respect to the Project, and each Member severally agrees 28 that the Participation Percentage of each nondefaulting-Member -27- I shall be automatically increased as follows: 2 6.2.1 Each Member severally agrees that the 3 Participation Percentage of each nondefaulting Member shall 4 be automatically increased to the ratio between such S nondefaulting Member's Participation Percentage and the 6 aggregate of the Participation Percentages of this 7 nondefaulting Members, expressed as a percentage. For s purposes of this Section 6.2.1 and Section 6.2.2, the term 9 "Member" shall include, but not be limited to, each former 10 Member who has withdrawn from TANC and converted its 11 Participation Percentage of TANC's entitlement to Transfer 12 Capability to an ownership interest in the Project pursuant 13 to Section 15, and the term "Participation Percentage" shall 14 mean that percentage which would represent such withdrawn is Member's Participation Percentage of TANC's entitlement to 16 Transfer Capability if such conversion had not occurred. 17 6.2.2 Notwithstanding the provisions of Section is 6.2.1, the cumulative increase for any nondefaulting Member 19 pursuant to this Section 6.2 shall not exceed twenty-five 20 percent (25%) of its Participation Percentage in effect 21 immediately prior to the first default without the consent 22 of the Member; provided, that for purposes of determining 23 such cumulative increase any increase (i) pursi)ant to 24 Section 2.3 or 3.1.2.2, or (ii) which results because a 25 Member has withdrawn from TANC and converted its 26 Participation Percentage of TANC's entitlement to Transfer 27 Capability to an ownership interest in the Project pursuant 28.1to Section 15, shall not be considered. The nondefaulting -28- 11 2 3 4 5 6 7 8 9 10 11 Members shall be entitled to the rights which the defaulting Member loses upon the default and shall assume subject to Section 6.3 all of the obligations of the defaulting Member with respect to such rights hereunder. Increases in the Participation Percentages of the nondefaulting Members shall be applicable to any payments due and not paid by the defaulting Member at the time of the increase and all subsequent payments due and not paid by the defaulting Member. 6.3 Defaulting -Member's Obligations - Each Member agrees that increases in the obligations of other Members pursuant to 12 Section 6.2 shall not relieve the defaulting Member or a former 13 Member who has withdrawn, of its liability for its obligations 14 described hereunder. The nondefaulting Members shall have a 15 right of recovery from the defaulting Member to the extent of 16 increases in their obligations resulting from such default (plus 17 interest at the Interest Charge) from the date of such default 18ij until paid. 19 6.4 Tax Covenant - Notwithstanding any other provision of 20 this Agreement, no Member shall transfer, assign, sell or 21 exchange any portion of its Particir.+tion Percentage of TANC's 22 entitlement to Transfer Capacity, or my ether interest in the 23 Project or the capacity or capability thereof, directly or 24 indirectly, in any manner, or shall take, or to the extent it can 25 control the same permit to be taken, any c -her action or actions, 26 which would adversely affect the exclusion of the interest on any 27 of the TANC Project Indebtedness from gross income for federal 28: income tax purposes under Section 103 of the Internal P.evenue -29- Ell �AI 31 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 2E 27 2f Code of 1986, as amended, and the applicable regulations thereunder (or any successors to such statute and regulations), including without limitation, by reason of classification of such TAMC Project Indebtedness as a "private activity bond" within the Imeaning of said Code. 17. USE OF TRANSFER CAPABILITY 7.1 Member Use of Transfer Capability - Subject to the provisions of this Section 7, Section 6.4, and Section 8 hereof, each Member shall have the right to use its Participation, Percentage of TANC's entitlement to Transfer Capability for any purpose, including holding such Transfer Capability in reserve or making such Transfer Capability available to a Member, Participant, or other entity, subject to the terms and conditions relating to assignments and layoffs by Participants under the Intertie Agreements; provided, that before a Member may make unneeded Transfer Capability avcilable to a non -Member, it shall make such Transfer Capability available to the other Members on (terms and conditions which are established by the TANC Commission. Nothing in this Section 7.1, however, shall prohibit a Member or its designated agent from requesting that the TANC Coordinator make all or part of such Member's unused Transfer `Capability available to other Members on behalf of such Member. 7.2 Non -Member Use of Transfer Capability - Each Member or its designated agent shall notify the TANC Coordinator in the event that it does not need all or a portion of its Participation Percentage of TANC's entitlement to Transfer Capability and no other Member needs such Transfer Capability. In such event, the -30- 1 3 4 5 6 7 a 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 TAMC Coordinator shall then make such Transfer Capability. available to the other Participants pursuant to the provisions of the Intertie Agreements. Otherwise, each Member or its designated agent shall determine the disposition of its unneeded Transfer Capability, which may include directing the TANC Coordinator to make such Transfer Capability available to any entity on such terms and conditions as such Member or its designated agent may direct. 7.2.1 Compensation - Compensation for the_use of a Member's Participation Percentage of TANC's entitlement to Transfer Capability by other Participants will be as set forth in the Intertie Agreements. In the event that the provisions of the Intertie Agreements do not apply to the transaction, compensation shall be as determined by each Member making such Transfer Capability available. 7.2.2 Allocation of Revenue - Payments for the use of TANC's unneeded entitlement to Transfer Capability by non -Members shall be collected by TANC and promptly and fully credited directly to the Member making such Transfer Capability available. Each such Member agrees that all right, title, and interest of such Member and TANC in and to such payments may be pledged and assigned under the Indentures to secure payments required to be made under Section 4.1.3 by or on behalf of such Member. 7.3 MOU Layoffs - In accordance with Sections 10.1 and 10.2 of the MOU as implemented by the Intertie Agreements, TANC shall lay off a portion of its entitlement to Transfer Capability. Compensation to TANC by those entities receiving the -31- 1 2 3 4, 5 6 7 8 9 10 11 12 13 I 14 is 16 17 18 19 20 21 22 23 24 25 2E 21 V layoff is to be based on TANC's Project Cost including financing plus contingencies of twenty-five (25) percent. 7.3.1 Unless otherwise agreed by the Members, each Member shall provide its portion of such layoffs in accordance with the Member's Participation Percentage. 7.3.2 Payments for the layoff of TANC's entitlement to Transfer Capability as described in Sections 10.1 and 10.2 of the MOU shall be collected by TAMC and promptly and fully credited to the Members based on each Member's Participation Percentage unless otherwise agreed by the Members. Each such Member agrees that all right, title, and interest of such Member and TAMC in and to such payments may be pledged and assigned under the Indentures to secure payments required to be made under Section 4.1.3 by or on behalf of such Member. 7.4 In the event that a Member's Participation Percentage of TANC's entitlement to Transfer Capability converted to megawatts exceeds the megawatt amount in Appendix C, Column E, layoffs made by TANC pursuant to Sections 7.2 and 7.3 shall first be made from such excess amount if so requested by that Member. If more than, one Member has such an excess amount and the sum of all such excess amounts exceeds the amount of the layoff, the layoff shall be made pro rata based on the ratio between each such requesting Member's excess amount and the sum of all such requesting Members' excess amounts. 7.5 Notwithstanding anything to the contrary contained in this Section 7, no layoff of Transfer Capability made pursuant to i this Section 7 shall excuse a Member from making the full -32- 1 2 3 4 s 6 7 8 9 10 payments required by Section 4 hereof nor reduce the amount or extend the time of such payments. I8. SCHEDULING 161 17 18 19 20 21 22 23 24 25 26 27 28 8.1 Member Scheduling Rights - During any scheduling period, each Member or its designated agent shall have the right to schedule power transactions using Transfer Capability up to the amount of its Participation Percentage of TANC's entitlement to Transfer Capability, subject to the provisions of Section 7 of this Agreement. Each Member or its designated agent may also schedule power transactions over any additional percentage of Transfer Capability that it has a right to use. Notwithstanding the provisions of Section 8.2,. each Member or its designated agent shall have the right to schedule such transactions pursuant to its separate agreements with other entities. All power scheduled over the Project shall be in whole megawatt amounts or as otherwise set forth in the Intertie Agreements. 8.2 Project Use Information Coordination - Each Member or its designated agent shall provide the TAMC Coordinator with Project use information required to meet TANC's obligations under the Intertie Agreements as a Participant in the Project. The TANC Coordinator shall submit such information to the Operating Agent in accordance with such agreements. 8.3 Scheduling and Curtailment Procedures - Specific procedures which implement the provisions of this Section 8 and Section 7 hereof are set forth in Appendix D. The Members and their designated agents agree to comply with such procedures, as they may be modified from time to time by a vote of the TANC -33- 1 2 3 4 5 6' 7 a 9 10 11 12 13 14 15 16 17 18 i 19' 20 21 22 23 24 25 26 27 28 Commission pursuant to Section 3.1.2. 9. INSURANCE AND INDEMNIFICATION TANG shall maintain, or cause to be maintained in force, insurance as may be determined prudent in the judgment of the TAMC Commission and as may be required by the provisions of the Int-ertie Agreements and any Indenture. TANG shall indemnify, defend, and hold harmless each Member, and its governing board members, officers, employees and agents, from any liability for personal.injury, death, or prop:_ty damage arising out of the negligent activities of TANG pursuant to this Agreement or the Intertie Agreements. 10. COMPLIANCE WITH OTHER INSTRUMENTS It is -recognized by the parties hereto that, for the benefit �of the Members, TANG, in undertaking, or causing to be undertaken, the planning, licensing, financing, construction, and operation of TANC's share of the Project, must comply with the requirements of each Indenture, the Intertie Agreements, all applicable licenses, permits, and regulatory approvals necessary therefor, and the Joint Powers Agreement. 1111. LIABILITY OF TANC OFFICERS 11.1 Release - Each Member agrees that TANC's Commissioners, officers, and employees shall not be liable to the Members for direct, indirect or consequential loss or damage suffered by the Members as a result of (i) the performance or nonperformance by TANC under any Intertie Agreements or (ii) the MM 11 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 i8 19 20 21 22 23 24 25 26 27 performance or nonperformance of TANG under this Agreement. Each Member releases TANC's Cozamissioners, officers, and employees from any claim or liability (whether negligent or otherwise) as a result ot,any actions or inactions of TAMC under this Agreement or the performance or nonperformance by TANC under any Intertie Agreement. 11.2 No ?codification - The provisions of this Section 11 shall not be construed so as to relieve.TANC of any obligations under any of the Intertie Agreements and the provisions of this Section 11 shall not be construed to modify or amend Paragraph 2 of the Joint Powers Agreement. 12. NOTICE AND COMPUTATION OF TIME 12.1 Manner of Notices - Any notice or demanci by a Member to IANC under this Agreement shall be deemed properly given if deposited in the United States mail first class postage prepaid or its equivalent, or sent via facsimile or other electronic media and confirmed by telephone or in writing within twenty-four (24 hours), addressed to TAMC at its operational office; any notice or demand by TAMC to any Member under this Agreement shall be deemed prope-rly given if deposited in the United States mail first class postage prepaid or its equivalent, or sent via facsimile or other electronic media and confirmed by telephone or in writing within twenty-four (24 hours), addressed to the addressee shown on the signature pages hereof at the address shown in Appendix E. The designations of the name and address to which any such notice or demand is directed may be changed at any 28� time and from time to time by any party giving notice as above -35- 1 2 3 4 5 6 7 a 9 10 11 12 13 14 15 16I 17 is 19 20 21 22 23 24 25 26 27 28 provided in this Section. 12.2 Time Computed - In computing any period of time from such notice, such. period shall commence on the date mailed or, if sent via facsimile or other electronic media, on the date sent. 13. APPLICABLE LAW This Agreement is made under and shall be governed by the laws of the State of California.. 14. SEVERABILITY If any section, paragraph, clause, or provision of this Agreement, or any part thereof, shall be finally adjudicated by a court of competent jurisdiction to be invalid, the remainder of this Agreement shall remain in full force and effect as though such section, paragraph, clause, or provisions or any part thereof so adjudicated to be invalid had not been included herein. I 15. MEMBER'S RIGHT TO WITHDRAW 15.1 Conversion of Participation Percentage to Undivided Ownership Interest - TANC's undivided ownership interest in the Project shall constitute rights or property acquired and owned by TAMC and no Member shall have an ownership interest in the Project except upon withdrawal from TANC and conversion of its Participation Percentage to an undivided ownership interest as provided herein. After the commercial operation date of the Pro4ect, each Member not then in default shall be entitled to ti ! withdraw from TANC and convert its Participation Percentage into -36- I an undivided ownership interest in the Project. Such Member's 2 undivided ownership interest shall be equal in amount to its 3 Participation Percentage multiplied by TANC's then undivided 4 ownership interest in the Project. Upon such withdrawal and 5 conversion, at the express written request of the withdrawing 6 Member, TAMC shall make best efforts to take such administrative 7 actions, including the execution of such documents and amendments 8 to the Intertie Agreements, as may be reasonably requested by the 9 withdrawing Member to establish and evidence such Member's 10 undivided ownership interest in the Project and such Member's 11 role as a Participant under the Intertie Agreements, and all 12 reasonable administrative and legal costs associated with such 13 unopposed withdrawal and conversion shall be the responsibility 14 of such withdrawing Member. Each Member electing to withdraw 15 from TANC and so convert its Participation Percentage shall hold I, 16 its ownership interest as a tenant in common with TANG and the 17 other Participants as set forth in the Intertie Agreements. 1g 15.2 Procedure and Conditions - Notwithstanding Paragraphs 19 19 and 20 of the Joint Powers Agreement, a Member may withdraw 20 from TAMC and convert its Participation Percentage into an 21 undivided ownership interest in the Project by requesting that 22 TAMC assign to the Member an undivided ownership interest in the 23 Project as provided in Section 15.1 and all rights, interest, and 24 obligations related thereto, and by giving written notice to TANC 25 and all other former Members that have withdrawn at least one (1) 26 year in advance of the noticed effective date of withdrawal; 27 provided that: 28 15.2.1 TANC shall have one hundred eighty (180) days, -37- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 is 16 17 18 19 20 21 22 23 24 25 26 27 2E from written notice given pursuant to Section 15.5, to exercise a right of first refusal to any rights, interests, and obligations in the Project (in whole or in part) which a former Member that has withdrawn determines to sell, transfer, assign, or otherwise dispose of pursuant to a bona fide written offer. In the event that any farmer Member that has withdrawn ceases to exist as a public agency, as defined in Section 6500 of the California Government Coda, then all rights, interests, and obligations of such former Member in the Project which were derived through TAMC shall,' at TANC's option, revert to TAMC in exchange for TANC assuming such former Member's remaining obligations in the Project; provided, that such former Member that has withdrawn has not sold, assigned, or otherwise disposed of its rights, interests, and obligations prior to the date such Member ceases to exist as a public agency; prgvide further, that any former Member that has withdrawn has the right to sell, assign, or otherwise dispose of its rights, interests, and obligations to anyone as long as the sale does not violate the provisions of Section 6.4. 15.2.2 Former Members who have withdrawn shall have a right of first refusal in any right or interest in the Project (in whole or in part) which TANC or a TANC Member determines to sell, transfer or assign to a non -Member. The rights and obligations of former Members who have withdrawn with respect to layoffs of Transfer Capability shall be as prescribed in Section 7 of this Agreement; 15.2.3 Except as provided in this Section 15, a -38- I withdrawal shall have no adverse effect on the rights and 2 obligations under the MOU of TAMC, its Members, and other 3 former Members who have withdrawn, as those rights and 4 obligations exist on the date of execution of this 5 Agreement; 6 15.2.4 A former Member who has withdrawn shall meet 7 its pro rata share of TANC's layoff obligations under 8 Section 7.3 of this Agreement; and 9 15.2.5 Neither the withdrawal of a Member from TAMC 10 nor the conversion of its Participation Percentage -of TANC's 11 entitlement to Transfer Capability to an undivided ownership 12 interest in the Project pursuant to Section 15.1 shall 13 relieve such Member of any of its obligations to make 14 payments with respect to Debt Service on TAMC Project 15 Indebtedness at the times and in the amounts specified in 16 Section 4.1.3.2, as though such conversion had not occurred, 17 including any amounts due thereunder as a result of an 18 increase in such Member's Participation Percentage pursuant 19 to Sections 2.3, 3.1.2.2, and 6.2. In addition, neither 20 shall such action relieve the withdrawing Member of any of 21 its obligations pursuant to Section 6.4, nor affect the 22 rights of TANC to pursue its remedies under Section 6 23 against such former Member who has withdrawn. 24 15.2.6 Prior to withdrawal and conversion pursuant to 25 this Section 15, a withdrawing Member shall execute such 26 instruments and take such actions as TANG may reasonably 27 request to protect the continuing rights of TANC in the 28interest transferred as set forth in this Agreement. -39- l 15.3 Inclusion in Intertie AImplementation of 2 this Section 15 is subject to the provisions of all applicable - 3 Intertie Agreements. TAMC shall make best efforts to include in 4 all applicable Intertie Agreements, as necessary, provisions to 5 recognize and authorize the rights and obligations of TAMC and 6 Members who may elect to withdraw under this Section 15. 7 15.4 No Right to Partition - Each Member waives any rights 8 it may have to partition TANC's ownership interest in the Project 9 and agrees not to seek or to file any action in law or in equity io to partition such interest. The Members agree that their. sole 11 right and procedure to obtain an ownership interest in the 12 Project separate and apart from TANC is pursuant to this 13 Section 15. 14 15.5 Notice - Pursuant to the provisions of Section 15.2, 15 any former Member who has withdrawn shall have the obligation to 16 notify TAMC and all other former Members who have withdrawn of 17 its intent to sell, transfer, or assign its interest in the 18 Project (in whole or in part). 19 15.6 Inclusion in Subsequent Project Agreements - Unless 20 otherwise agreed by the Members, the provisions of this 21 Section 15 shall be included in any subsequent TAMC "project 22 agreement" (as that term is defined in the Joint Powers 23 Agreement) pertaining to the subject matter hereof. 24 15.7 Adjustment of Participation Percentages - Except as 25 otherwise provided in Section 15.2.5, upon the withdrawal of a 26 Member and conversion of its Participation Percentage to an 27 undivided ownership interest pursuant to this Section 15, the 28 Participation Percentage of each remaining Member which has not -40- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 is 19 20 21 22 23 24 25 26 so withdrawn and converted shall be automatically increased to the ratio between such remaining Member's Participation Percentage and the aggregate of the Participation Percentages of all such remaining Members, expressed as a percentage. 16. ASSIGNMENT OF AGREEMENT 16.1 No Assignment While TAMC Project Indebtedness Outstanding - This Agreement shall inure to the benefit of and shall be binding upon the respective successors and assigns of the parties to this Agreement; RKgyided, however,, that, except as provided in Sections 4.1.3.7, 7.2.2, 7.3.2, and 15, neither this Agreement nor any right or interest herein shall be transferred or assigned by any party hereto so long as any TANC Project Indebtedness is outstanding. 16.2 Assignment Prior to Withdrawal - Unless a Member has withdrawn from TAMC pursuant to Section 15 of this Agreement, any assignment, in whole or in part, of a Member's Participation Percentage or individual ownership interest to a person or entity which is not a member of TAMC is subject to paragraph 19 of the 11 joint Powers Agreement. 271 281 17. MEMBERS' OBLIGATIONS SEVERAL The obligation of each Member to make payments under this Agreement is a several obligation and not a joint obligation with those of the other Members. 18. TRUSTEE AS A THIRD PARTY BENEFICIARY The parties agree that, among other things, this Agreement -41- 1 2 3 4 S 6' 7 e 9 10 11 12 13 14 is 16 17 19 20 21. 22 23 24 25 26 27 28 .s also made and entered into for the benefit of the Trustee Ender each Indenture and the holders of outstanding TANG Project :ndebtedness, as third -party beneficiaries, and the Trustee and :uch holders shall have the right, as third -party beneficiaries, :o initiate and maintain suit to enforce this Agreement to the extent provided in any Indenture. Except as provided in this >ection 18, no rights or benefits .shall be created in any person �ir entity not a party to this Agreement. 19. APPENDICES This Agreement includes Appendices A, B, C, D, and E attached hereto and incorporated herein by this reference. 20. WAIVER Any waiver at any time by any party of its rights with respect to a default under this Agreement, or with respect to any other matters arising in connection with this Agreement, shall not be deemed a waiver with respect to any subsequent default or other matter. 21. CAPTIONS Except as used for definitions, all indexes, titles, subject headings, section titles and similar items are provided for the purpose of reference and convenience and are not intended to be inclusive, definitive or to affect the meaning or scope of this Agreement. 122. BILLING AND PAYMENT -42- I 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 is 19, 20 21 22 23 24 25 26 27 28 22.1 Unless otherwise agreed by the Members and TAMC, the accounting and billing period shall be one (1) calendar month. Monthly bills sent to a Member shall be sent by United States mail first class, postage prepaid or its equivalent, to the billing address specified in Appendix E. The designation of any person specified in Appendix E may be changed at any time by advance notice given to all Members not then in default and the TAMC Coordinator. 22.2 Billings for amounts payable shall be due on the twenty-fifth (25th) day after mailing of the bill. Payment shall be made at "off ices designated by the party to which payment is due. If the due date falls on a non -business day of either party, then the payment shall be due on the next following business day without interest. 22.3 Amounts of monthly billings not paid on or before the due date shall be payable with an Interest Charge calculated from the due date to the date of payment. 22.4 In case any portion of any monthly bill is in dispute, the entire bill shall be paid when due. Any excess amount of payments made pursuant to monthly billings, which through inadvertent error or as a result of a dispute may have been overpaid, as determined by whatever means the parties select to resolve the dispute, shall be returned by the owing party upon determination of the correct amount in accordance with the Intertie Agreements. If the amount owing exceeds five hundred dollars ($500.00) and is more than three (3) months past due, it shall be returned with interest at the rate for an Interest Charge less two (2) percent. -43- 1 2 3 41 5 6 9 e 9 10 11 12 13' 14 15 16 17 is 19 20 21 22 23 24 2! 21 21 21 23. DISTRIBUTION OF ASSETS Notwithstanding anything to the contrary contained in Section 21 of the Joint Powers Agreement, but subject in all events to the provisions of the Intertie Agreements, in the event the Project terminates, subject to Section 16 TAMC shall distribute to all Members not then in default TANC's share of the proceeds of the sale, transfer, or other disposition of any assets acquired in connection -with the Project, and all of its right, title, and interest therein as a Participant. Such distribution shall be in proportion to the Participation Percentages of such Members then in effect. No such distribution shall occur so long as any TAMC Project Indebtedness remains outstanding. 24. COUNTERPARTS This Agreement may be executed in several counterparts, each of which shall be deemed to be an original and all of which, when taken together, shall constitute a single Agreement. 25. SIGNATURES In witness whereof, the parties have caused this Project Agreement No. 3 to be executed as of the date first above written. The signatories to this Project Agreement No. 3 represent that they have been appropriately authorized to enter into this Project Agreement No. 3 on behalf of the party for whom they sign. -44- 1 2 3' 4 S 6 7 8 9 10 12 13 14'. 15 16 17 18 19 20 23 22 23 24 25 24 21 2F CITY OF ALAMEDA BY: Name: Title: Date: CITY OF HEALDSBURG By. Name: Title: Date: _ CITY OF LODI BY• Name: Title: Date: CITY OF LOMPOC BY• - Name : -_ Title: Date: - MODESTO IRRIGATION DISTRICT By• - Name: _- -- Title: Date: CITY OF PALO ALTO BY: Name: Title: Date: CITY OF REDDING By• Name: Title: Date: CITY OF ROSEVILLE By: Name: Title: Date: -45- SACRAMENTO.MUNICIPAL UTILITY DISTRICT BY: Name: Title: Date: CITY OF SANTA CLARA By: Name: Title: Date: — TURLOCK IRRIGATION DISTRICT BY: Name: Title: Date: CITY OF UKIAH BY. Name: Title: Date: PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE By: Name: Title: Date: TRANSMISSION AGENCY OF NORTHERN CALIFORNIA BY: Name: Title: Date: -46- APPE WIX A MEMORANDUM OF UNDERSTANDING CALIFORNIA -OREGON TRANSMISSION PROJECT This Memorandum of Understanding (MOU) is entered into as of the 19th day of December, 1984 by (1) the CITY OF ANAHEIM (Anaheim), CITY OF AZUSA (Azusa), CITY OF BANNING (Banning), CITY OF COLTON (Colton), CITY OF RIVERSIDE (Riverside), and CITY OF VERNON (Vernon) collectively referred to as "Southern California Public Agencies"; (2) CALIFORNIA DEPARTMENT OF WATER RESOURCES (CDWR); (3) PACIFIC GAS AND ELEGTRIC'COMPANY'(PGandE) SAN DIEGO GAS AND ELECTRIC COMPANY (SDG&E), and SOUTHERN CALIFORNIA EDISON COMPANY (SCE), collectively referred to as "Investor -Owned Utilities"; (4) the WESTERN AREA POWER ADMINISTRATION (Western); and (5) the TRANSMISSION AGENCY OF NORTHERN CALIFORNIA (Agency) (composed of the Cities of Alameda, Biggs, Gridley, Healdsburg, Lodi, Lompoc, Palo Alto, Redding, Roseville. Santa Clara, and Ukiah, the Plumas-Sierra Rural Electric Cooperative, the Sacramento Municipal Utility District, the Modesto Irrigation District, and the Turlock irrigation District), hereinafter sometimes referred to individually as "Participant" }.nd collectively as "Participants", and the LOS ANGELES DEPARTMENT OF WATER AND POWER ("LADWP"), representing itself and the Cities of Glendale, Burbank and Pasadena, a non-voting member of the Management Committee. Recitals WHEREAS, the Agency, the Investor -Owned Utilities, CIDWR and Western, have carried out studies related to possible alternative methods of developing additional transmission fa^_ilities between California and the Pacific Northwest, and WHEREAS, Public Law 98-360 and the Conference Report on H.R. 5653 authorize the Secretary of Energy (Secretary) to participate with non-federal entities in developing the California -Oregon Transmission Project (Project) by Upgrading -1- certain facilities and authorize the Secretary to construct or participate in the construction of jsuc'z additional facilities as he deems necessary to allow mutually beneficial power sales between the Pacific Northwest and California, and to accept and use funds contributed by non-federal entities, including investor-owned and publicly owned utilities, for that purpose, and WHEREAS, pursuant to the mandate set forth in the Conference Report on H.R. 5653 and Public Law 98-360, the Secretary is directed to enter into negotiations with all interested non- federal entities for the financing, planning and construction of a new 500 -kV AC line and associated facilities, and WHEREAS, the Secretary has met with the Participants and others and has conferred in and observed the negotiation of this MOU by the Participants, and WHEREAS, the Agency, the Southern California Public Agencies, the Investor -Owned Utilities, Western and the CDWR have all participated in the negotiations and in the development of the Project, and WHEREAS, the Project, when constructed, will parallel in part the DC line between California and the Pacific Northwest, and the operation of the Project may affect the operation of the DC line, and for that reason, the Participants have invited LADWP, the operator of the DC line, to be a member of the Management Committee to the extent set forth in this MOU, and WHEREAS, the Project has been evaluated from the technical viewpoint and has been found to be technically feasible, and WHEREAS, utilities in the Pacific Northwest and in California have determined.that development of the Project will provide mutual benefits to their respective regions, and WHEREAS, the Participants will develop the Project consistent with applicable environmental laws, in an expeditious manner, and -2- WHEREAS, in order to develop the Project in accordance with i- this MOU, the Participants intend to take all appropriate actions including the negotiation and execution of a definitive participation agreement, and other agreements as necessary, within nine months or as soon as practicable after execution hereof, and WHEREAS, CDWR and the Participants have agreed to postpone the date upon which CDWR will first be entitled to exercise its rights to buy 6.25 percent of Project transfer capability, and NOW THEREFORE, in order to expedite the signing of the Participation Agreement and other necessary agreements, the following Principles are hereby agreed to and shall be implemented in such agreements. 1.0 Scope of Project 1.1 The Project includes: 1.1.1 The construction of a new 500 -kV AC transmission line from the California -Oregon border area to the Redding area. 1.1.2 Reconstruction of an existing double circuit 230 -kV AC line owned by Western to a single circuit 500 -kV AC line from the Redding area to the Tracy Substation. 1.1.3 Construction of a new 500 -kV AC line from Tracy Substation to Tesla Substation. 1.1.4 Construction of a 500 -kV AC cross -tie from the Redding area to Round Mountain Substation or its vicinity, unless the Management Committee determines that such cross -tie is not needed. 1.1.5 Construction of a 500 -kV substation in the Redding area. The size, location, and configuration shall be as determined by the Management Committee. 2.0 Associated Facilities 2.1 The Project does not include facilities south of the Tesla Substation, however, PGandE shall upgrade or improve portions of its transmission system between Tesla Substation and Midway Substation as necessary to provide firm power transfer capability to meet its obligations hereunder as set forth in Sections 2.2. 2.3 and 2.4. 2.2 PGandE shall provide firm bi-directional transmission service over its facilities between Tesla and Midway Substations for the Southern California Public Agencies, SCE and SDG&E in amounts equal to their respective transfer capabilities in the Project (whether obtained under Section 5 or Section 10) for the life of the Project. PGandE shall also provide up to 50 MW of firm bi-directional transmission service between Tesla and Midway Substations for transmission entitlement that may be assignable by SMUD pursuant to Section 9.0. PGandE shall not be obligated to provide firm transmission service in excess of 700 MW for power transmitted over Project facilities and SMUD's 50 MW of assignable entitlement, provided. that such transmission service shall be provided under reasonable rates, terms and conditions. 2.3 In addition to firm transmission service provided pursuant to Section 2.2, PGandE shall make available to the Agency for the life of the Project up to 300 MW of firm bi-directional transmission service between Tesla Substation and Midway (150 MW for the M -S -R San Juan Project, plus an additional 150 MW). The Agency shall, if requested to do so by PGandE, provide, in the form of a contribution in aid of construction, a reasonable and proportionate share of the capital required for increasing the transfer capability between Los Banos and Gates. Such -4- transfer capability is to be developed by PGandE and will be available for service no later than January 1, 1990 and shall be provided under reasonable rates, terms and conditions. 2.4 Project Participants agree to cooperate in developing suitable transmission facilities to deliver power transmitted over the Project to the Participants. or to provide acceptable firm transmission service arrangements for such power under reasonable rates, terms and conditions. 2.5 SCE agrees to provide firm bi-directional transmission service between Midway Substation and. the Southern California Public'Agetacies of power available over the Project's facilities, consistent with the provisions of applicable individual integrated operating agreements and settlement agreements between such agencies and SCE or any successor agreements. If SCE and any such agency cannot agree upon the terms and conditions of such a firm transmission service agreement hereunder. SCE will make a unilateral filing with the FERC of such a firm transmission service agreement under Section 205 or 206 of the Federal Power Act and pursuant to the FERC's rules and regulations promulgated thereunder. 3.0 Project Rating Interconnection and Operation 3.1 The Project shall be designed to have a minimum transfer capability of 1600 MW including loop flow from the California -Oregon border to the Tesla Substation and a minimum of 1900 MW of transfer capability from the Redding Substation to the Tracy Substation. The actual Project transfer capability will be determined from time to time by the Management Committee based on studies. The Management Committee has the right to review and approve all modifications to the Project, provided -5- that any modification which materially affects the transmission system of a Participant shall require the prior approval of -such Participant. 3.2 The Project shall be interconnected and operated in parallel with the existing AC Intertie facilities. 3.3 The Participants shall enter into appropriate contractual arrangements: 3.3.1 With Northwest utilities to interconnect the Project with the Pacific Northwest transmission system such that access is available to a wide spectrum of utilities in the Pacific Northwest and Canada. Agreement shall be among the Participants and Northwest utilities. 3.3.2 With PGandE and Western for interconnections between the Project and Western and PGandE systems, including provisions governing the ownership of new facilities in existing substations. 3.3.3 Providing that each Participant shall have a right to displace Northwest imports scheduled by other Participants over the Project for delivery and use within a control area at times when any Participant in such control area is in a spill condition or at minimum generation, provided that displacement energy is delivered to the Participant whose energy is being displaced at a cost including penalties, if any, at or below the price of the displaced Northwest imports. 3.3.4 For the interconnection and parallel operation of the Project with existing AC Intertie facilities. Such arrangements shall also provide for integration of the Project with the existing AC Intertie System, including pro rata sharing of available am transfer capability under outage and curtailment conditions, including curtailments due to loop flow. 3.4 PGandE shall be the operating agent for operation and maintenance of the Project, with operation and maintenance costs to be shared by Project Participants in proportion to their respective allocations under these Principles. PGandE shall coordinate with Western on the operations and maintenance on the Redding to Tracy portion of the Project. 3.5 All Participants who receive transfer capability from the Project shall coordinate schedules with PGandE. 4.0 Project Management 4.1 A Management Committee, chaired by a representative of the Agency, is hereby formed to oversee and approve the planning, design, construction, operation and maintenance of the Project. Each Participant in the Project shall have representation on the Management Committee, with the members of the Agency being represented by the Agency and the Southern California Public Agencies being represented by one Participant of their choice. All -actions or decisions by the Management Committee shall be by agreement of at least 75 percent interest of the voting Participants, based on Project Participation shares between the California -Oregon border area and Tesla Substation. Subcommittees shall be formed as needed to address specific aspects of the Project. CDWR, prior to exercise of rights under Section 6.1, and LADWP shall also have non-voting representation on the Management Committee. Each Participant, including each of the members of the Agency and each of the Southern California Public Agencies, shall be given advance notification of all meetings of the Management Committee and may attend meetings. -7- 4.2 Western shall be the lead agency for the NEPA process and the Agency shall be the lead agency for the CEQA process. A11"Participants agree to cooperate and support the processes necessary to obtain all necessary permits from regulatory agencies having jurisdiction. 4.3 The Agency shall be the overall Project Manager. Western, under contract to the Participants, shall be responsible for design and construction of the upgraded Western facilities, including the proposed Residing Substation. The Agency and/or PGandE, under contract to the Participants, shall be responsible for design and construction of all Project facilities other than Western upgraded facilities. 4.4 In exercising its non-voting representation on the Management Committee, LADWP may represent the ownership interests of itself, Burbank, Glendale and Pasadena in the DC line only as to discussions relating to operation of the DC line, and its representation shall be limited to offering non- binding suggestions as to planning, construction, and operation of the Project, and advising the Committee as to problems which may arise through operation of the Project in parallel with the DC line. 5.0 Project Participation Shares 5.1 The Participants shall be entitled to Project transfer capability between the California -Oregon border area and Tesla Substation prior to January 1, 2005, in the following proportions: 5.1.1 The Agency shall be entitled to 43.75 percent. 5.1.2 The Investor -Owned Utilities shall be entitled to 42.19 pervert. 5.1.3 The Southern California Public Agencies shall be entitled to 7.81 percent. we 5.1.4 Western for DOE laboratories and federal wildlife refuges shall be entitled to 6.25 percent. 5.2 If CDWR exercises its rights and purchases its share of the Project pursuant to Section 8.1, then the Participants shall be entitled to Project transfer # capability between the California -Oregon border area and Tesla Substation commencing on January 1, 2005, in the following proportions: 5.2.1 The Agency shall be entitled to 40.83 percent. 5.2.2 The Investor -Owned utilities shall be entitled to 39.38 percent. 5.2.3 The Southern California Public Agencies shall be entitled to 7.29 percent. 5.2.4 •Western for DOE laboratories and federal wildlife refuges, shall be entitled to 6.25 percent. 5.2.5 The CDWR shall be entitled to 6.25 percent. 5.3 If CDWR elects not to exercise its rights to purchase Project transfer capability pursuant to Section 8.1, then the Participants shall continue to be entitled to Project transfer capability in the same percentages as specified in Section 5.1. 5.4 The Project transfer capability specified to Western in Sections 5.1, 5.2, and 5.3, is to serve DOE laboratories and federal wildlife refuges unless they make other arrangements with Western or other Participants. In addition, Western shall be provided the following transfer capability in Project facilities between the Redding Substation and Tracy Substation: 5.4.1* 300 MW under all operating conditions, with back up service provided by PGandE pursuant to Contract 14-06-200-2946A (Contract 2948A). -9- 5.4.2 Up to an r:ditional 300 MW (above 1900 MW),. to the extent that such transfer capability is available from the Project. 5.5 During construction of the Project, to the extent transmission capacity is available, PGandE will accept CVP power at any point of interconnection between PGandE and Western for delivery to PGandE or to Western loads served from PGandE's system pursuant to Contract 2948A. Any incremental costs incurred by Western because of the outage of its facilities during construction, including wheeling charges paid to PGandE, shall be'deemed to be a Project cost. 6.0 Project Financing Responsibility 6.1 Prior to the effective date of any election by CDWR to exercise its rights pursuant to Section 8.1 and unless otherwise agreed pursuant to Section 6.3, the Participants shall be responsible for financing the Project and betterments in the following proportions: 6.1.1 The Agency, 46.67 percent (approximately 700/1500); 6.1.2 The Investor -Owned Utilities, 45.00 percent (approximately 675/1500); 6.1.3 The Southern California Public Agencies, 8.33 percent (approximately 125/1500). 6.2 Subsequent to the effective date of election by CDWR to exercise its rights pursuant to Section 8.1, ane unless otherwise agreed pursuant to Section 6.3, the Participants shall be responsible for any capital betterments for the Project in the following proportions: 6.2.1 The Agency, 43.55 percent; 6.2.2 The Investor -Owned Utilities, 42.00 percent; 6.2.3 The Southern California Public Agencies, 7.78 percent; 6.2.4 CDWR, 6.67 percent. -10- 6.3 A Participant may agree to assume (in part or whole) financing responsibility for another Participant's share. Such assumption shall not alter the Project Participation shares in Section S. 7.0 Project Ownership 7.1 Except as otherwise agreed by the Participants pursuant to Section 7.6, the Project, other than the upgraded Western facilities, shall be owned in the following proportions prior to January 1, 2005, and also thereafter, if CDWR does not exercise its rights pursuant to Section 8.1. 7.1.1 The Agency. 46.67 percent. 7.1.2 The investor -Owned Utilities. 45.00 percent. 7.1.3 The Southern California Public Agencies, 8.33 percent. 7.2 If CDWR exercises its rights to purchase Project transfer capability pursuant to Section 8.1, then except as otherwise agreed by the Participants pursuant to Section 7.6, the Project (other than the upgraded Western facilities) shall be owned in the following proportions after January 1. 2005: 7.2.1 The Agency, 43.55 percent. 7.2.2 The investor -Owned Utilities, 42.00 percent. 7.2.3 The Southern California Public Agencies, 7.78 percent. 7.2.4 The CDWR, 6.67 percent. 7.3 Unless prohibited by law or unless otherwise agreed pursuant to Section 7.6, the upgraded Western facilities shall be owned in the following proportions prior to January 1, 2005: 7.3.1 The Agency, 36.84 percent (700/1900). 7.3.2 The Investor-owned Utilities, 35.53 percent (675/1900)_ 7.3.3 The Southern California Public Agencies, 6.58 percent (125/1900). -11- 7.3.4 Western, 21.05 percent (400/1900.). 7.4 Unless prohibited by-law or unless otherwislp agreed pursuant to Section 7.6, the upgraded Western facilities shall be owned in the following proportions on and after January 1. 2005, if CDWR exercises its rights to purchase pursuant to Section 8.1. 7.4.1 The Agency, 34.39 percent (approximately 653/1900). 7.4.2 The Investor -Owned Utilities. 33.16 percent (approximately 630/1900). 7.4.3 The Southern California Public Agencies, 6.14 percent (approximately 117/1900). 7.4.4 Western, 21.05 percent (400/1900). 7.4.5 CDWR, 5.26 percent (100/1900)- 7.S If CDWR elects not to exercise its rights pursuant to Section 8.1. then the proportions owned on and after January 1, 2005, shall be as specified in Section 7.3. 7.6 A Participant may agree to assume ownership of all or part of another Participant's ownership share and provide firm transmission service to such other Participant in an amount that the Participant's ownership share plus transmission service hereunder shall equal the Participant's Project participation share in Section S. 8.0 Rights for the California Department of Water Resources 8.1 Effective January 1, 2005, CDWR will have a right to buy pro rata from all Participants, except Western. 6.25 percent of the Project as the Project exists as of the date CDWR exercises its right. Unless another price is mutually agreed to by the selling Participant and CDWR, CDWR shall pay each selling Participant the original construction cost (including the original construction cost associated with -12- Western's entitlement), including the interest it, incurred during construction, plus the original cost of capital improvements and betterments (including the original cost of capital improvements and betterments associated with Western's entitlement), including interest it incurred during construction, allocable to the respective pro rata share of the Project that the Participant is selling to CDWR. Within one year after the Project is energised, each Participant shall provide CDWR with a statement of the original construction cost (including the original construction cost associated with Western's entitlement), including the interest it incurred during construction for its share of the Project so that CDWR can determine the cost it shall be obligated to pay such Participant if it exercises its rights under this Section 8.1. Within one year after any capital improvements or betterments are completed prior to the date of exercise by CDWR, each Participant shall provide CDWR with a statement of construction costs incurred for such capital improvements, or betterments (including the o.•.iginal construction cost of capital improveslents and betterments associated with Western's entitlement) including interest it incurred during construction with respect to its share, so that CDWR can determine the cost it shall be obligated to pay such Participant if it exercises its rights under this Section 8.1. 8.2 Subject to (1) satisfaction of Section 11.4 of this MOU as to participation of PGandE in the Project, (2) execution by CDWR of the participation agreement, and (3) construction of the Project, the term of the Extra High Voltage Contract, dated August 1, 1967, among CDWR, PGandE, SDG&E, and SCE, or the successor(s) in interest to SDG&E and SCE, shall be -13- extended for the useful life of the existing AC Intertie. Notwithstanding any terms to the contrary in the Extra High Voltage Contract, if the Parties cannot reach agreement on the rates that CDWR is to pay during the extended term of this contract, after 2004 PGandE, SCE, and SDG&E, or the successor(s) in interest to SDG&E and SCE, may unilaterally make application to FERC for a change in rates, under Section 205 of the Federal Power Act and pursuant to the FERC's Rules and Regulations promulgated thereunder. 8.2.1 CDWR shall be considered a Participant for the purposes of Sections 3.3.3 and 10.4. 8.3 Upon exercise of CDWR's rights under Section 8.1, PGandE and SCE shall provide firm transmission capacity to deliver CDWR's 100 MW to Midway and Vincent Substations, under reasonable rates, terms, and conditions. 8.4 Except as provided in Section 8.2, nothing in this agreement shall modify or change CDWR's rights under the Extra High Voltage Agreement dated August 1, 1967. 9.0 The EHV Contract Between SMUD, PGandE, SCE, and SDG&E 9.1 PGandE, SCE, and SDG&E, pursuant to Article 33 of the August 1, 1967 contract entitled "Contract Between California Companies and Sacramento Municipal Utility District for Extra High Voltage Transmission and Exchange Service" between SMUD, PGandE, SCE, and SDG&E (EHV Contract), consent to an assignment by SMUD of up to 50 MW of SMUD's 200 MW entitlement pursuant to the EHV Contract to California publicly owned utilities on such terms as may be negotiated between SMUD and the California publicly owned utilities; provided, however that such terms shall be - consistent with, shall not amend, and shall not r interfere with the performance of any rights or obligations under the ZHV Contract.. Such assignment may commence on January 1, 1985 and shall terminate on the earliest to occur of, (1) the date when the California-0regon Transmission Project becomes operational, (2) the date when the participation of PGandE, SCE, and SDG&E is terminated because the approvals under Section 11.4 cannot be obtained or because those approvals are. unsatisfactory to PGandE, SCE, and SDG&E, (3) the date when the Project is terminated prior to its operation, such termination t to be deemed to have occurred on January 1, 1993, if no work has been done on the Project for three years prior to that date. Such an assignment shall not impair SMUD's right to utilize ^ny assigned entitlement after termination of the assignment. 10.4 Layoff Arrangements 10.1 The Agency shall lay off on a firm basis 50 MW of Project transfer capability to the Southern. California Public Agencies between 1990 and 1994. The Agency shall lay off on a firm basis 25 MW of Project transfer capability to the Southern California Public Agencies between 1995 and 1999. 10.2 The Agency shall lay off on a firm basis Project transfer capability to the Investor -Owned Utilities, as indicated below: 1990: 200 MW 1991: 175 MW 1992: 150 MW 1993: 125 MW 1994: 100 MW 1995: 75 MW 1996: 50 MW 1997: 25 MW 1998 and thereafter: 0 MW -15- 10.3 10.4 r Layoff of Project transfer capability pursuant to Sections 10.1 and 10.2 shall be sold at the cost of said transfer capability based on public financing plus contingencies of 25 percent. It is recognized that the layoff amounts set forth in Sections 10.1 and 10.2 will be converted to a percentage of the minimum design transfer capability of 1600 MW and applied to the actual transfer capability determined by the Management Committee. An important goal of the Project is to benefit the Participants and their respective ratepayers, commensurate with the risks inherent in the Project. To the extent that any Participant does not need its Project transfer capability to meet the loads of its system (directly or by exchange) and its firm layoff requirement pursuant to Sections 10.1 and 10.2 hereunder, such remaining transfer capability shall be made available to the other Participants. 10.4.1 Long-term transfer capability is transfer capability for which a five-year advance notice is required. Short-term transfer capability is transfer capability for which less than five years notice is required. 10.4.2 Layoff transfer capability as specified in Section 10.4 shall be made available on a cost basis. Long-term transfer capability shall be offered at no less than the cost of transfer capability based on public financing plus contingencies of 25 percent. Short-term transfer capability shall be offered at no less than the cost of transfer capability based on public financing with no continyency adder. 10.4.3 If there are no Participants wishing to purchase either long-term or short-term -16- layoff at the applicable price pursuant to Section 10.4.2, then the selling Participant can use its excess transfer capability to deliver power to a Participant or to other entities under any terms and conditions or make its Project transfer capability available to others. 10.5 Nothing in Section 10.4 shall prevent any Participant from utilizing its Project transfer capability to transmit power to other Participants or entities in the Northwest. 11.0 Approval by the Secretary of Energy, Congress and other Governmental Agencies if, after a public notice procedure and due deliberation by the Secretary, this MOU is adopted by the Secretary as the basis for development of the Project, the Participants agree as follows: 11.1 This MOU shall be submitted by the Secretary in his report to Congress, pursuant to Public Law 98-360. 11.2 The Participants shall support,the passage of legislation in the form attached hereto as "Exhibit A", authorizing the implementation of the Project in accordance with this MOU. The Participants shall also support report language accompanying such legislation in the form attached as "Exhibit B", which determines that the plan for development and operation of the Project in accordance with this MOU is in the public interest. 11.3 Contracts among the Participants shall then be negotiated to implement these principles. As a condition of execution of any contracts implementing this MOU each Participant shall furnish the other Participants with a written Opinion of Counsel in which it is represented that said Participant has the authority to enter into such contracts and to be -17- bound by the terms and conditions thereof. In the case of Agency, each major member agency thereof shall furnish such Opinion of Counsel. 11.4 The contracts negotiated to implement these Principles shall be submitted to, and shall be subject to satisfactory approvals and permits of, local, state and federal governmental agencies having jurisdiction over the Participants to the contracts or the actions contemplated here. 11.5 If the conditions in Section 11.4 are not satisfied as to my Participant, without changes or new conditions unacceptable to such Participant, such Participant shall no longer be bound by any provision of this MOU. 12.0 Signature Clause The signatories to this MOU represent that they have been appropriately authorized to enter into this HOU on behalf of the Party for whom they sign. This MOU may be executed in counterparts. This MOU is executed as of the 19th day of December, 1984. (Seal) i aI -AhemCoinsel to C—Dated: CITY OF ANAHEIM By: Date: CITY OF AZUSA By: Date: -18- bound by the terms and conditions thereof. In the case of Agency, each major member agency thereof shall furnish such Opinion of Counsel. 11.4 The contracts negotiated to implement these Principles shall be submitted to, and shall be subject to satisfactory approvals and permits of, local, state and federal governmental agencies having jurisdiction over the Participants to the contracts or the actions contemplated here. 11.5 If the conditions in Section 11.4 are not satisfied as to any Participant., without changes or,new conditions unacceptable to such Participant, such Participant shall no longer be bound by any provision of this MOU. 12.0 Signature Clause The signatories to this HOU represent that they have been appropriately authorised to enter into this MOU on behalf of the Party for whom they sign. This MOU may be executed in counterparts. This MOU is executed as of the 19th day of December, 1984. CITY OF ANAHEIM By:_ Date: CITY OF AZUSA By: pop V. Date: 18 1984 -18- CITY of BANNING .or • By: t Dates 1ve CITY OF COLTVK SY= Dates CITY OF RIVERSIDE t; By: Dates CITY OF VE Sys Dates CALI FOYSIA DEPART -4M OF WATER USOURCES By= Date: PACIFIC GAS Mm ELECTRIC COMPANY By:_ Date: -19- CAGIVOWU OMPAR'SINNIT OF W&TZR BY= Date PACIFIC GAB AND ZLVCCMC COMPAXT bys Date: —19— CITY OF BANNING BY% Date: CITY OF COLTON By: Date: CITY OF RIVERSIDE By: Date: ' CITY OF VERNON By: Date: CALIFORNIA DEPARTMENT OF WATER RESOURCES By: Date: PACIFIC GAS AND ELECTRIC COMPANY By: Date: -19- CITY OF ®AMING By $ .... Dates Lppro-wed as to legal Zorn sad Wficienc8a_ hy!' Cou s rar or Water Regio cog CITY OF BANNING By: Date: CITY OF COLTON By: Date: CITY OF RIVERSIDE By: Date: CITY Or VEM14ON BY: Dale: CALIFORNIA DEPARTMENT OF ) WATER RESOURCES Date: r2 14 104 — PACIFIC GAS AND ELECTRIC COMrANY By: Date: _ -19- CALIFORNIA DEPARTMENT OF WATER RESOURCES By: Date: PACIFIC GAS AND ELECTRIC COMPANY By: Date: December 18, 1984 ' �} -19- SAN DIEGO GAS AND ELECTRIC COMPANY Sys Date: P&ceµb*r (r, f.TP4 SOUTHERN CALIFORNIA EDISON COMPANY By: Date: WESTERN AREA POWER ADMINISTRkTION By: Date: TRANSMISSION AGENCY OF NORTHERN CALIFORNIA By: Dates LOS ANGELES DEPARTMENT OF WATER AND POWER By:_ Date: SAN DIEGO GAS AND ELECTRIC COMPANY By: Date: SOUTHERN RN E ISON COM By: • Date: 2 WESTERN AREA POWER ADMINISTRATION By: Date: TRANSMISSION AGENCY OF NORTHERN CALIFORNIA By: Date: LOS ANGELES DEPARTMENT OF WATER AND POWER By: Date: -20- r SAN DIEGO GAS AND ELECTRIC COMPANY By. Date: SOUTHERN CALIFORNIA EDISON COMPANY By: Date: WESTERN AREA POWER ADMINISTRATION Date: */ Subject to a public involvement proceeding and, after consideration of public comments, adoption of this MOU, as may be modified based on such public comments, by the Secretary of Energy. TRANSMISSION AGENCY OF NORTHERN CALIFORNIA By: _ Date: LOS ANGELES DEPARTMENT OF WATER AND POWER By: Date• -20- SAN DIEGO GAS AND ELECTRIC COMPANY By: Date: SOUTHERN CALIFORNIA EDISON COMPANY By: Date: WESTERN AREA POWER ADMINISTRATION By: Date: TRANSMISSION AGENCY OF NORTHERN CALIFORNIA Date: oz&z LOS ANGELES DEPARTMENT OF WATER AND POWER By: Date: SAI3 DIEnO GAS AND ELECTRIC COMPANY By: Date: SOUTHERN CALIFORNIA EDISOU COMPANY By: Date: WESTERN AREA POWER ADMINISTRATION By: Date: TRANSMISSION AGENCY OF NORTHERN CALIFORNIA By: Date: DEPARTMENT OF MATER AI4D POKER OF THE CITY OF LOS ANGELES ?ROVE ' AS i►7 f 0?, M . i.EGALIIYc' By ON ATi?R11EY i•J BOARD OF WATER AND POWER COMMISSIONERS C) I OF THE TY OF L B .. S NGELES r� ; .� ! �ti ...1....... 4��-.- .-. and !r' ^ G, :a- WESSON _.:wrC •.:.rne, ecretary (nn z � coo G- -z0- "Exhibit A" Suggested Legislation The Secretary of Energy is authorized -to cause the construction of a third AC transmission line from the Pacific Northwest to California in accordance with a Memorandum of Understanding submitted by the Secretary pursuant to Public Law 98-360. "Exhibit 8" ested Report Language in Appropriations its ation in BoEn or Conference The Secretary has, pursuant to Public Law 98-360, reported a conceptual plan for construction of the line, which is described in detail in a Memorandum of Understanding signed by most of the privately and publicly owned utilities in California. The plan for development and operation of the new 500 -kV AC line and .associated facilities described in the Memorandum is in the public interest and will benefit the electric consumers of•the Pacific Northwest and Southwest. Accordingly, the Secretary is instructed to work with the California utilities and proceed with development and operation of the Project in accordance with the Memorandum. APPF. MIX B Ell ChLIFORMIA-OREGON TRANSMISSION PROJECT NMORANDUM OF i., UNDBRS MMIM 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 r CONPORMED COPY CALIFORNIA-OP.EGON TRANSMISSION PROJECT f MEMORANDUM OF UNDERSTANDING ANNEX Among City of Anaheim City of Azusa City of Banning City of Colton City of Riverside City of Vernon California Department of Water Resources Los Angeles Department of Water and Power Pacific Gas and Electric Company San Diego Gas & Electric Company Southern California Edison Company Transmission Agency of Northern California Western Area Power Administration Carmichael Water District E1 Dorado Sills Community Services District San Juan Suburban Water District Shasta Dam Area Public Utility District Southern San Joaquin Valley Power Authority Trinity County Public Utility District March 19, 1986 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27I 231 TABLE OF CONTENTS ISECTION PAGE —i— RECITALS............................................. 2 1. DEFINITIONS AND CATEGORIES OF PARTICIPANTS............ 3 2. ASSUMPTION OF OBLIGATIONS AND RIGHTS ................. 4 3. i' PROJECT ANAGEriE+.......00.o...o...o..00......o...o. 5 4. MEMORANDUM OF UNDERSTANDING --PROJECT PARTICIPATION 8HARES . o o r a ......... w .. • • ........... • . • .... • . • .. • • • 6 S. KEMORlkNDUM OF UNDERSTANDING --PROJECT FINANCING RESPONSIBILITY ..................................... 9 6. MEMORANDUM OF UNDERSTANDING --PROJECT OWNERSHIP....... 10 7. RIGHTS OF THE CALIFORNIA DEPARTMENT OF WATER RESOURCES.....000......o......00.....00000.00...o.. 15 S. PROJECT DE47ELOPXENT AGREEMENT --PROJECT OWNERSHIP, ENTITLEMENT TO TRANSFER CAPABILITY OF THE PROJECT AND PROJECT FINANCING RESPONSIBILITY ............... 18 9. CHANGES IN OWNERSHIP, PARTICIPATION SHARE, AND FINANCING RESPONSIBILITY ........................... 20 10. REIMBURSEMENT OF CURRENT PARTICIPANTS ................ 20 11. CONSTRUCTIVE WITHDRAWAL ............................... 22 12. ASSIGNMENT............o.o.......o....... oo........... 25 13. OPINIONS OF COUNSEL........... ...................... 27 14. SIGNATURE CLAUSE ..................................... 23 —i— E l 2 3 4 5 6 7 8 9 1 11 12 r - MEMORANDUM OF UNDERSTANDING ANNMC CALIFORNIA -OREGON TRANSMISSION PROJECT This Memorandum of Understanding Annex ("HOU Annex") shall effective as of February 22, 1986, and is entered into by the ty of Anaheim (Anaheim), City of Azusa (Azusa), City of Banning ((Banning), City of Colton (Colton), City of Riverside (Riverside), City of Vernon (Vernon), collectively referred to as "Southern California Public Agencies"; California Department of Water Resources (CD61R); Pacific•Gas and Electric Company (PGandE), San Diego Gas and Electric Company (SDG&E), and California Edison Company (SCE), collectively referred 1311to as "Investor -Owned Utilities"; the Western Area Power 14 IlAdministration (Western); the Transmission Agency of Northern 15 California (Agency), a joint powers agency composed of the Cities 16 of Alameda, Biggs, Gridley, Healdsburg, Lodi, Lompoc, Palo Alto, 17 Redding, Roseville, Santa Clara, and Ukiah, the Plumaa-Sierra 18 Rural Electric Cooperative, the Sacramento Municipal Utility 1911District, the Modesto Irrigation District, and the Turlock 20 Irrigation District; hereinafter sometimes referred to 21 individually as "Current Participant" and collectively as 22 "Current Participants"; the Los Angeles Department of Water and 23 Power (LADWP), representing itself and the Cities of Glendale, 24 Burbank, and Pasadena, a non-voting member of the Management 25 Committee; and Southern San Joaquin Valley Power Authority (South 26 San Joaquin), a joint powers agency; Trinity County Public 27 Utility District (Trinity); Shasta Dam Area Public Utility 28 District (Shasta); San Juan Suburban Water District (San Juan); -1- 1 2 3 4 5 6 - i 9 10 11 12 13 14 15 16 17 18 El Dorado Hills Community Services District (El Dorado); ani Carmichael Water District (Carmichael), hereinafter sometimes referred to individually as "Additional Participant" and collectively as "Additional Participants." {RECITALS WHEREAS, the Current Participants, along with LADWP, have executed the Memorandum of Understanding, California -Oregon Transmission Project dated December 19, 1984 ("MOU"), and the Current Participants, except for CDWR, have executed a Supplemental Letter Agreement to the MOU, the Interim Cost Sharing Agreement effective April 1. 1985, and the Project Development Agreement ("PDA") effective September 30, 1985, for the purpose of developing the California -Oregon Transmission Project ("Project"), and WHEREAS, the Secretary of Energy, by his Memorandum of ,Decision ("MOD") of February 7, 1985 approved the MOU subject to i the modifications and conditions set forth in the MOD, which MOD IIhas been clarified by the May 4, 1985 letter from the Acting f 201 General Counsel of thea Department of Energy# and 22 23 24 25 26 27 28 WHEREAS, certain non-federal public entities were, under terms and conditions specified by Western in 50 Fed. Reg. 31912 (1985), allocated entitlements within the 3.125 per cent of Project transfer capability reserved to them by the Secretary of Energy, which non-federal public entities and their allocated entitlements are set out at 50 Fed. Reg. 42769 (1985), and WHEREAS, such non-federal public entities, designated as Ithe Additional Participants, as one condition of receiving and -2- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 W 23' 24 25 26 27 28 using such entitlement must sign an agreement with the Current Participants by which they assume all appropriate obligations and become entitled to all applicable rights and benefits of the Project defined to date, NOW, THEREFORE, the Additional Participants, the Currant Participants, and LAW agree as followss 11. DEFINITIONS AND.CATEGORIES OF PARTICIPANTS 1.1 For purposes of this MOU'Annex, a "Participant" is an entity having the obligations, rights and benefits of a Participant as that term is used in the MOU, the Supplemental Letter Agreement, the Interim Cost Sharing Agreement, the PITA and any other agreement. elated to the Projact which has been signed by all or substantially all the Current Participants and Additional Participants. 1.2 A Monutility Participant is any Additional Participant which (1) is not a public electric utility regulated under applicable state law or the Federal Power Act or exempted from such regulation by reason of being a public entity, or (2) does not have public utility responsibilities with regard to serving electric power to customers. Nonutility Participants have the same rights, obligations and benefits as participants except as provided in Section 2.2 below. As of the effective date of this Agreement, the Nonutility Participants are South San Joaquin, San -3- 1 2 3 4 5 6 7 8 9 10 11 12 13' 14 15 16 17 18 19 20 22 23 24 25' 26 27 28 Juan and Carmichael. Doming contained herein shall preclude a Nonutility Participant from changing its status at a later date, to no longer be a Nonutility Participant. 2. ASSUMPTION_OF OBLIGATIONS AND RIGHTS 2.1 Each Additional Participant agrees to and is bound hereby by all provisions, terms and conditions of the HOU as modified by the MOD of the United States Secretary of Energy, dated February 7, 1985, as interpreted by the letter of the United States Department of Energy Acting General Counsel, dated May 4, 1985# and as such MOU may be further amended, the Supplemental Letter Agreement, the Interim Cost Sharing Agreement and the PDA, all as modified by this MOU Annex, as if each Additional Participant had duly executed such agreement. 2.2 In accordance with the May 4, 1985 letter from the Acting General Counsel of the Department of Energy, which provides in part that the Secretary of Energy's MOD was not intended to impose a precedent for wheeling to end-users, Section 2.4 of the MOU and Sections 34.3 and 34.4 of the PDA, which implement Section 2.4 of the MOU, shall not be applicable to Nonutility Participants. Section 10.5 of the MOU shall not be applicable to any Nonutility Participant. -4- 0 l 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18� 19' 20 22' 23 24 25 26 27 28 3. PROJECT MANAGEMENT The following is substituted for and replaces Section 4.1 Df the MOU: "4.1 A Management Committee, chaired by a representative of the Agency, is ?hereby formed to oversee and approve the planning, design, construction, operation and maintenance of the Project. Each Participant in ilio Project shall have representation on -the Management Committee. with the members of the Agency being represented, by the Agency, and the Southern California Pub2jc. Agencies being represented by one Participant of their choice, and each Additional Participant being jointly represented by one Additional Participant, provided that any Additional Participant may designate instead a Current Participant's Management Committee Representative to represent it on the Management Committee. All actions or decisions by the Management Committee shall be by agreement of at least 75 percent Interest of the Participants entitled to vote based on Project Participation shares between the California -Oregon border area and Tesla Substation, as expressed in Section 5. A Management Committee Representative who represents more than one Participant shall separately vote the interests of each Participant represented. Subcommittees shall be formed as needed to address -5- I 2 3 4' 5' 6 7 8 9 10 11 12 13 14 15 16 17 18 19 22 23 24 25 26 27 28 specific aspects of the Project. CDWR, prior to exercise of rights under Section 8.1, and LADWP shall also have non-voting representation on the Management Committee. Each Participant, including each of the Southern California Public Agencies and each of the Additional Participants, and each of the members of the Agency, shall be given advar.e notification of all meetings of the Management Committee and may attend meetings." 4. MEMORANDUM OF UNDERSTANDING --PROJECT PARTICIPATION SHARES 4.1 The following is substituted for ani replaces Section 5.1 of the M1Ua 05.1 The Participants shall be entitled to Project transfer capability between the California -Oregon border area and Tesla Substation prior to January 1. 2005, in the following proportions% 5.1.1 The Agency shall be entitled to 42.2916 percent= 5.1.2.. The Investor -Owned Utilities shall be entitled to 40.7837 percents 5.1.3 The Southern California Public Agencies shall be entitled to 7.5497 percent; 5.1.4 Western for DOE laboratories -6- and federal wildlife refuges I shall be entitled to 6.2500 2 percent; 3 5.1.5 South San Joaquin shall be. 4 entitled to 2.0625 percent; 5 5.1.6 Trinity shall be entitled to 6 .3125 percent; 7 5.1.7 Shasta shall be entitled to 8 .4375 percents 9 5.1.8 San Juan shall be entitled to 10 .0625 percents 11 5.1.9 El Dorado shall be entitled to 12 .1875 percent; 13 5.1.10 Carmichael .0625 percent." 14 4.2 The following is substituted for and replaces 15 Section 5.2 of the MOUS 16 05.2 If CDWR exercises its rights and 17 purchases its share of the Project in 18 accordance with Section 8.1 of the MOU, 19 then the Participants shall be entitled 20 to Project transfer capability between 21 the California -Oregon border area and 22 Tesla Substation commencing on 23 January 1, 2005, in the following 24 proportions: 25 5.2.1 The Agency shall be entitled 26 to 39.4690 percent; 27 28 -7- 5.2.2 The Investor -Owned Utilities 1 shall be entitled to 38.0673 2 3 percents 5.2.3 The Southern Californi#A Public 4 Agencies shall be entitled to 5 6 7.0470 percent= 7 5.2.4 Western for DOE laboratories 8 and federal wildlife refuges 9 shall be entitled to 6.2500 10 percents 11 5.2.5 South San Joaquin shall be 12 entitled to 2.0625 percents 13 5.2.6 Trinity shall be entitled to 14 .3125 percent; 15 5.2.7 Shasta shall be entitled to 16 .4375 percents Y7 5.2.8 San Juan shall be entitled to 18 .0625 percents 19 5.2.9 E1 Dorado shall be entitled to 20 .1875 percent; 21 5.2.10 Carmichael shall be entitled 22 to .0625 percent; 23 5.2.11 The CDWR shall be entitled to 24 6.0417 percent." 25 26 27 28 -8- 1 5. MEMORANDUM OF UNDERSTANDING --PROJECT FINANCING 2 RESPONSIBILITY 3 S.1 The.following is substituted for and replaces 4 Section 6.1 of the MOU: 5 "6.1 Prior to the effective date of any 6 election by CDWR to exercise its rights 7 in accordance with Section 8.1 of the 8 MOU and unless otherwise agreed in 9 accordance with Section 6.3 of the MOU, 10 the Participants, shall be responsible 11 for financing the Project and 12 betterments in the following !3 proportionsa 14 6.1.1 The Agency, 45.1110 percent; 15 6.1.2 The Investor -Owned Utilities, 16 43.5026 percent; 17 6.1.3 The Southern California Public 18 Agencies, 8.0530 percent; 19 6.1.4 South San Joaquin, 2.2000 20 percents 21_ 6.1.5 Trinity, .3333 percent; 22 6.1.6 Shasta, .4667 percent; 23 6.1.7 San Juan, .0667 percent; 24 6.1.8 El Dorado, .2000 percent; 25 6.1.9 Carmichael, .0667 percent." 26 5.2 The following is substituted for and replaces 27 Section 6.2 of the MOU: 4-? -9- 1 "6.2 Subsequent to the effective date of 2 election by CDWR to exercise its rights 3 in accordance with Section 8.1 of the 4 MOU, and unless otherwise agreed in 5 accordance wigs Section 6.3 of the MOU, 6 the Participants, shall be responsible 7 for any capital betterments for the 8 Project in the following proportions: 9 6.2.1 The Agency, 42.1002 percents 10 6.2.2 The Investor -Owned "Utilities, D1 40.6052 percent= 12 6.2.3 The Southern California Public 13 Agencies, 7.5168 percents 14 6.2.4 The CDWR, 6.4444 percents 15 6.2.5 South San Joaquin, 2.2000 16 percents 17 6.2.6 Trinity, .3333 percents 18 6.2.7 pasta, .4667 percentr 19 6.2.8 San Juan, .0667 percent: 20 6.2.9 E1 Dorado, .2000 percents 21 6.2.10 Carmichael, .0667 percent." 22 23 b. MEMORANDUM OF UNDERSTANDING --PROJECT O'4NERSHIP 24 6.1 The following is substituted for and repla-ces 25 Section 7.1 of the MOU: 26 "7.1 Except as otherwise agreed by the 27 Participants in accordance with 28 Section 7.6 of the MOU, the Project, -10- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 22 23 24 25 26 27 28 other than the upgraded Western facilities, shall be owned in the following proportions prior to January 1, 2005, and also thereafter, if CDWR does not exercise its right in accordance with Section 8.1 of the MOU: 7.1.1 The Agency, 45.1110 percent; 7.1.2 The Investor -Owned Utilities, 43.5026 percent; 7.1.3 The Southern California Public Agencies, 6.0530 percent; 7.1.4 South San Joaquin, 2.2000 percent; 7.1.5 Trinity, .3333 percent; 7.1.6 Shasta, .4667 percent; 7.1.7 San Juan, .0667 percent; 7.1.8 E1 Dorado, .2000 percent; 7.1.9 Carmichael, .0667 percent." 6.2 The following is substituted for and replaces Section 7.2 of the MOU: "7.2 if cDwR exercises its rights to purchase Project transfer capability in accordance with Section 8.1 of the MOU, then except as otherwise agreed by the Participants in accordance with Section 7.6 of the MOU, the Project, other than the upgraded Western facilities, shall be owned in the -11- I 2 3 4 5' 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 22 23 24 25 26 27 28 6.3 following proportions after January 1, 2005: 7.2.1 The Agency, 42.1002 percent; 7.2.2 The Investor -Owned Utilities, 40.6052 percents 7.2.3 The Southern California Public Agencies, 7.5168 percent; 7.2.4 The CDWR, 6.4444 percent; 7.2.5 South San Joaquin, 2.2000 percents 7.2.6 Trinity. .3333 percent; 7.2.7 Shasta, .4667 percents 7.2.8 San Juan. .0667 percents 7.2.9 E1 Dorado, .2000 percent; 7.2.10 Carmichael. .0667 percent." The following is substituted for and replaces Section 7.3 of the MOU: 07.3 Unless prohibited by law or unless otherwise agreed in accordance with Section 7.6 of the MOU, the portion of the upgraded Western facilities not owned by Western shall be owned in the following proportions prior to January 1, 2005: 7.3.1 The Agency, 45.1110 percent, (approximately 677/150014; -12- -13- 7.3.2 The Investor -Owned Utilities, 1 43.5026 percent, 2 (approximately 652/1500); 3 7.3.3 The Southern California Public 4 5 Agencies, 8.0530 percent (approximately 121/1500); 6 7 7.3.4 South San Joaquin. 2.200 8 percent (approximately 33/1500)= 9 10 7.3.5 Trinity, .3333 percent (approximately 5/1500); 11 12 7.3.6 Shasta, .4667 percent 13 (approximately 7/1500); 14 7.3.7 San Juan, .0667 percent 15 (approximately 1/1500); 16 - 7.3.8 El Dorado, .2000 percent 17 (approximately 3/1500): 18 7.3.9 Carmichael. .0667 percent 19 (approximately 1/1500). 20 The Participants recognize that the 21 facilities to be owned by Western shall 22 be determined in accordance with the 23 provisions of the MOU, approved by the 24 Secretary of Energy by the MOD, which 25 MOD was clarified by the May 4. 1985 26 letter from the Acting General Counsel 27 of the Department of Enemy. Further 28 negotiations of the particulars of the -13- I 2 3 4 5 6 7 8 9 10 ll 12 13 14 15 16 17 18 19 20 22 23 24 25 26 27 28 ownership of facilities by Western will be required as engineering of the Project progresses." 6.4 The following is substituted for and replaces Section 7.4 of the HOU: "7.4 Unless prohibited by law or unless otherwise agreed in accordance with Section 7.6 of the HOU, the portion of the upgraded Western facilities not owned by Western shall'be•owned in the following proportions on and after January 1, 2005, if CDWR exercises its rights to purchase in accordance with Section 8.1 of the HOU: 7.4.1 The Agency, 42.1002 percent (approximately 631/1500); 7.4.2 The Investor -Owned Utilities, 40.6052 percent (approximately 609/1500)= 7.4.3 The Southern California Public Agencies, 7.5168 _percent (approximately 113/1500); 7.4.4 The CDWR, 6.4444 percent (approximately 97/1500); 7.4.5 South San Joaquin, 2.200 percent (approximately 33/1500); -14- 1 7.4.6 Trinity, .3333 percent 2 (approximately 5/1500); 3 7.4.7 Shasta, .4667 percent 4 (approximately 7/1500); 5 7.4.8 San Juan, .0667 percent 6 (approximately I/1500); 7 7.4.9 E1 Dorado, .2000 percent 8 (approximately 3/1500); 9 7.4.10 Carmichael, .0667 percent 10 (approximately 1/1500). 11 The Participants recognize that the 12 facilities to be owned by Western shall 13 be determined in accordance with the D4 provisions of the MOU, approved by the 15 Secretary of Energy by the MOD, which 16 MOD was clarified by the May 4, 1985 17 letter from the Acting General'Counsel 18 of the Department of Energy. Further 19 negotiation of the particulars of the 20 ownership of facilities by Western will 21 be required as engineering of the 22 Project progresses." 23 24 7. RIGHTS OF THE CALIFORNIA DEPARTMENT OF WATER RESOURCES 25 7.1 The following is substituted for and replaces 26 Section 8.1 of the MOU: 27 "8.1 Effective January 1, 2005, CDWR will 28 have a right to buy pro rata from all -15- 1 2 3 4 5 6 7 8 9, 10 11 12 13 14 15 16 17 18 19 20 21 22 ?3 24 25 26 27 28 Current Participants, except Western, 6.25 percent, as such percentage is adjusted downward to accommodate the allocation to Additional Participants, of the Project as the Project exists as of the date CDWR exercises its right. Unless another price is mutually agreed to by the selling -Current Participant and CDWR, CDWR shall pay each selling Current Participant the original construction cost (including the original construction cost associated with Western's entitlement), including the interest it incurred during construction, plus the original cost of, capital improvements and betterments (including the original cost of capital improvements and betterments associated with Western's entitlement), including interest it incurred during construction, allocable to the respective pro rata share of the Project that the Current Participant is selling to CDWR. Within one year after the Project is energised, each Current Participant shall provide CDWR with a statement of the original construction cost (including the -16- original construction cost associated I with Western's entitlement), including 2 the interest it incurred during 3 construction for its share of the 4 Project so that CDWR can determine the 5 cost it shall be obligated to pay such 6 Current Participant if it exercises its 7 rights under this Section 8.1. Within $ one year after any'capital.improvements" 9 10 or betterments are completed prior to the date of exercise by CDWR, each 11 Current Participant shall provide CDWR 12 13 with a statement of construction costs incurred for such capital improvements, 14 15 or betterments (including the original 16 construction cost of capital D7 improvements and betterments associated 18 with Western's entitlement) including 19 interest incurred during construction 20 with respect to its share, so that CDWR 21 can determine the cost it shall be 22 obligated to pay such Current 23 Participant if it exercises its rights 24 under this Section 8.1" 25 26 27 28 -17- 2 3 4 5 6 7 8 9 10 11 12 13 14 15' 16 17 18 19 20 22 23 24 25 26 27 28 8. PROJECT DEVELOPMENT AGREEMENT --PROJECT_ OWNERSHIP, ENTITLEMENT TO TRANSFER CAPABILITY OF THE PROJECT AND PROJECT FINANCING RESPONSIBILITY 8.1 The following is substituted for and replaces Appendix F of the PDAs "Appendix F Project Ownership and Entitlements (Expressed in Percentages) Entitlement to Transfer Capability Ownership of the ProJectl/ Interest2/ e , IANC 42.2916 45.1110 PGandE 20.3918 21.7S13 SDG&E 2.8S49 3.0452 SCE 17.5370 18.7061 Anaheim 3.0196 3.2212 Azusa 0.3020 0.3221 Banning 0.1510 0.1611 Colton 0:3020 0.3221 Riverside 2.0762 2.2146 Vernon 1.6987 1.8119 Western 6.2500 0.0000 South San Joaquin 2.0625 2.2000 Trinity 0.3125 0.3333 Shasta 0.4375 0.4667 -18- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 22 23 24 25 26 27 28 San Juan E1 Dorado Carmichael 0.0625 0.1875 0.0625 100.0000 0.0667 0.2000 0.0667 100.0000 D2Between California -Oregon border area and Tesla Substation 2 Excluding facilities owned by Western" 8.2 The following is substituted for and replaces Section 5.1 of the PDAs "5.1 Unless the following percentages are otherwise modified in accordance with Section 3.4 each Participant shall be responsible for paying its share of the costs of Project Development Work in the following Cost Sharing Percentages: TAMC 45.1110 Anaheim 3.2212 Azusa 0.3221 Banning 0.1611 Colton 0.3221 Riverside 2.2146 Vernon 1.8119 PGandE 21.7513 SCE 18.7061 SDG&E 3.0452 Western 0.0000 South San Joaquin 2.2000 -19- I 2 3 4 5 6 7 8 9 9. Trinity 0.3333 Shasta 0.4667 San Juan 0.0667 E1 Dorado 0.2000 Carmichael 0.0667 100.0000" CHANGES IN OWNERSHIP, PARTICIPATION SHARE, AND FINANCING RESPONSIBILITY 10 9.1 Sections 4, S, 6, 7, and 8 of this MOU Annex shall 11 whenever necessary be modified by restating 12 percentages to conform to changes in Project Y3 Participation Share, Project Ownership and Project 14 Financing Responsibility, as these terms are used 15 in the MOU, in accordance with the provisions of 16 the PDA or other agreements among the Participants D7 which provide for such changes. t8 9.2 Each Participant may assign its rights and 19 obligations in the Project in accordance with 20 Section 17 of the PDA and any applicable provision 21 of the Participation Agreement contemplated in 22 Sections 2.4 and 11.4 of the PDA, including the 23 layoff of Project transfer capability rights in 24 accordeace with Section 10.4 of the MOU. 25 26 10. REIMBURSEMENT OF CURRENT PARTICIPANTS 27 10.1 Not later than ten (10) days after the effective 28 date of this MOU Annex, each Additicnal -20- 1 2 3 4 5 6 7 8 9 DO 11 13 14 15 16 17 18 19 20 22 23 24 25', 26 27 28 Participant shall reimburse each Current Participant, except CDWR, for its share of all payments made and due and payable to the Project Manager by each Current Participant as of the effective date of this MOU Annex for Project Development Work in accordance with the Interim Cost Sharing Agreement and the Project Development Agreement ply:. interest in accordance with Section 10.3 below. 10.2 Each Additional Participant's share of such costs shall be that amount that each Additional Participant would have paid to the Project Manager for Project development work had that Additional Participant been an original signator to the MOU and paid all amounts due and payable under the Interim Cost Sharing Agreement and the Project Development Agreement, based upon its financing responsibility percentage. 10.3 The amount to be reimbursed by each Additional Participant to each Current Participant in accordance with this Section 10, shall include an Interest charge assessed at an annual rate of interest, compounded monthly, equal to the lesser of (a) the applicable first of the month reference rate, or successor, of the Bank of America N.T. i S.A., San Francisco, California, corresponding to the period for which reimbursement is made; or (b) the maximum interest rate permitted by law. Such -21- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 22 23 24 11. 25 26 27 28 11 interest shall.be charged against the amount to be reimbursed from the time the Current Participant made its original payment to the tine such reimbursement is paid by the Additional Participant. 10.4 No later than the effective date of this Agreement, the Project Manager shall compute the amount of funds to be reimbursed by each Additional Participant in accordance with the provisions of this Section 10 and shall provide the results of this computation to each Current Participant and each Additional Participant. The Project Manager shall issue a cash call to the Additional Participants on behalf of the Current Participants to whom reimbursements are to be made and shall collect and disburse those funds collected in accordance with this Section 10. In no case shall the Project Manager, acting in its capacity as such, be responsible on bohalf of an Additional Participant for any reimbursement owed to any Current Participant in accordance with this Section 10. CONSTRUCTIVE WITHDRAWAL 11.1 Should any Additional Participant fail to duly sign this MOU Annex within ten (10) days after its effective date, fail to reimburse Current Participants in accordance with Section 10, or -22- 1 2! 3 4 5 6 7 8 9 10 ll 13 14 15 36 17 l8 19 20 21 22 23 24 25 26 27 28 fail to meet any condition imposed by Western in its stated allocation criteria (50 Fed. Reg. 31912) within the period established by Western, that Additional Participant shall be deemed to have withdrawn from the Project and that Additional Participant's Share, as defined in the PDA, shall be revoked and placed in an allocation pool for reallocation to the other Additional Participants or the Current Participants (except Western) in a manner consistent with Western's stated criteria (50 Fed. Reg. 31912). Should any portion of that additional Participant's allocation not be reallocated to the other Additional Participants, such unallocated portion shall revert to the Current Participants and shall be sad* available to each of them in a manner consistent with Section 13 of the PDA or appropriate provisions of the Participation Agreement, whichever is applicable. Any right to reimbursement for funds paid toward the development and operation of the Project shall be as defined in the PDA or Participation Agreement, as applicable. 11.2 The following is substituted for and replaces Section 13.4 of the PDA: 013.4 If the amount of the withdrawing Participant's Share voluntarily assumed by the non -withdrawing Participants is -23- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 22 23 29 25 26 27 28 less than 100 percent of the withdrawing Participant's Share, each non -withdrawing Participant shall assume its respective portion of the balance of the withdrawing Participant's Share, in an amount proportionate to that which its Cost Sharing Percentage bears to the total Cost Sharing Percentages of non -withdrawing Participants identified in Section 5.1t provided that no Participant shall be obligated in total for more that 1.15 times its Cost Sharing Percentage as of the effective date of this Agreement. A Nonutility Participant shall not be obligated to assume any portion of the withdrawing Participant's Share." 11.3 The following is added as a new Section 13.12 to the PDAs 013.12 If an Additional Participant withdraws from the Project in accordance with Section 13, or is found in default in accordance with Section 20, then such Additional Participant's allocation shall be revoked and shall be made available to the non -withdrawing -24- 1 2 3 4 5 6 7 81 91 10 11 12 13 14 15 16 17 18 19 20 22 23 24 25 26 27 28 Participants (except Western) on a pro rata basis. 12. ASSIGNMENT 12. The following is substituted for and replaces Section 17.1 of the PDA: 017.1 A Participant may assign or transfer any right or interest in this Agreement, in whole or in part, only after obtaining the written consent of the other Participants, which consent shall not be unreasonably withheldr provided that a Participant may withhold consent to any proposed assignment or transfer either (1) to an entity or association which is not CMM, Western, or a public electric utility regulated under applicable state law or the Pederal Power Act or exempted from such regulation by reason of being a public entity, or (2) to an entity or association which does not have public utility responsibilities with regard to serving electric power to customers. A Participant shall not withhold consent to any assignment or transfer between Participants allocated Project transfer capability by Western -25- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 �AI 24 25 26 27 28 as set forth in 50 Fed. Reg. 42769 (1985) solely because that entity is a Nonutility Participant, provided that such assignment or transfer concerns part or all of the 3.125 percent of Project transfer capability allocated by Western and interests attendant thereto, and no other interest in the Project. Consent to a proposed assignment to a joint powers,agency which is a Participant shall not be withheld solely because that entity is a joint powers agency. bio Participant shall bring, initiate or amend, directly or indirectly including by means of cross-complaint or other affirmative ailegation,,an action or proceeding before a court or an administrative agency against another Participant to contest the withholding of consent by such Participant in accordance with clauses (1) or (2) of this Section 17.1 or the reasons therefor or the validity of this Section 17.1, other than a dispute regarding the factual application of such clauses. The withholding of consent by a Participant in accordance -26- 1 2 3 4 5 6 7 3 9 10 11 12 13 14 15 16 17 19 20 22 23 24 I 25 26 27 28 with clauses (1) or (2) of this Section 17.1 shall not indicate approval or disapproval by any other Participant of such withholding." 13. OPINIONS OF COUNSEL The following is substituted for and replaces Section 11.3 of the MOU: "11.3 Contracts among the Participants shall then be negotiated to implement these principles. As a condition of execution of any contracts implementing this HOU each Participant shall furnish the other Participants with a written Opinion of Counsel in which it is represented that said Participant has the authority to enter into,such contracts and to be bound by the terms and conditions thereof. In the case of the Agency, each major member agency thereof shall furnish such Opinion of Counsel. In the case of an Additional Participant that is a joint powers agency, the individual member agencies of that joint powers agency shall not be obligated to provide such Opinions of Counsel but the joint powers agency -27- 3i 41 1 5i G i 8 9 itself shall provide such Opinion of Counsel of benalf of the agency." 14. SIGN*ATURE CLAUSE The signatories of this MOU Annex represent thzt the. have 1 been appropriately authorized to enter into this HOU Annex on behalf of the entity for whom they sign. This MOU annex may be executed in counterparts. 101�i CITY OF ji EIM Sy: 00: &1#1 12 i Same: Dor R. Roth Arr.-.;.ST: 13�� Title: Mayor i / ( Cate: March 18. 1486 . icy clerk. c ty of Anaheim 1 =117Y OF AZUSA 'iii By: 1 13 j4 Name: ; Title: 20f� Date: ' 21� 22' CITY OF BA.NING 23i By: ! 24!( Name: 1 i 25: Title: 2G. I Date:, ! 1 27: 231. ii J.. 1 2 3 4'' 5 6 7 8 9 DO DD 12 13 14 35 36 17 D8 19 20 21 22 23 24 25 26 27 28 itself shall provide such Opinion of Counsel of behalf of the agency.•" 14. SIGNATURE CLAUSE The signatories of this MOU Annex represent that they have been appropriately authorised to enter into this MOU Annex on behalf of the entity for Whoa they sign. This MOU Annex may be executed in counterparts. CITY OF ANAHEIM By$ Name: Title: Date: CITY OF AEUSA sr! Names ,U8*ne F. Moes$ Title: Mayor Date t February 18. 1986 By$ Name: Title: Date: -28- CITY OF BANNING t itself shall provide such Opinion of Counsel of behalf of the agency." 14. SIGNATURE CLAUSE The signatories of this HOU Annex represent that they have been appropriately authorized to epter into this MOU Annex on behalf of the entity for Whom they sign. This MOU Annex may be executed in counterparts. CITY OF ANAHEIM DY= game$ Titles Date: CITY OF AZUSA Sys games Titles Date$ CITY PF Sys Mame: .01 SAM J.jOIO Titles City Manager Date: Misch 12. 1986 -28- f 2 3 4 5 6 7 8 9 • Df 12 13 14 15 16 17 f8 19 28 22 23 24 25 26 27 28 Ayprohd e's to zosa1 toto and auttsesomot� CALIFORNIA DEPARTMENT OF WATER R$SOURCES By tiv Names a Titles IIaD* M. dw.0. Dates NSR A KSS By= Names Title: Date e Sy: Bases s Title: Data$ CARMICCHAEL WATER DISTRICT CITY OF COLTON EL DORADO BILLS COMMUNITY SERVICES DISTRICT By: Daae: Titl:: Data: Since GDWR is not a party to the Project Development Agreement (PVA), CDWR's approval of this MOU Annex is not intended to express either approval or disapproval of Sections B. 11.2, 11.3 and 12, which do nothing other than amend certainsectionsof the PDA. -29- 9 1t►I 11 12 13 14 15 16 17 I8 19 20 21 23 24 25 26 27 28 CALIFORNIA DEPARTMENT OF WATER RESOURCES By= Names Titles Date= CNAEL, WATER DISTRICT Mame= er McCin Titles Secretary/General Manager Dates February 21, 1986 CITY OF COLTON By Names Titles Dates EL DORADO BILLS COMMUNITY SERVICES DISTRICT Sys Names Title: Date: -29- 26 27 28 -29- l CALIFORNIA DEPARTHE.M OF 2 WATER RESOURCES s By: 4 blame: 5 Title: 6 Date: i g CARMICEML WATER DISTRICT 9 DY= 10 (tame: D1 Title: 12 Dates 19 14 CITY OF COLTON 15 By: A 16 blame: 17 Title: Mayor 18 Date: 19 20 LL DORADO HILLS COMMUNITY 21 SERVICES DISTRICT 22 Hy: 2,3 blame: 24 Title: 25 Date: 26 27 28 -29- 1 2 3 4 5 6 7 8 9 '11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27' 28 f`'•�t CALIFORNIA DEPARTMENT OF WATER RESOURCES Sy: loame$ Title: Date$ CARMICHAEL WATER DISTRICT Sy$ Names Titles Dates CITY OF COLTON By Names Title Date$ ZL DORADO SILLS COMMUNITY SERVICES.DISTRI�JCT By: dame $ Title:,��i �c-f Date $ •�/j3 / f'G 5*M r DA'P No. 10259A As a party to the MOU but which is not a party to any other Project Agreement, the Los Angeles Department of Water and Power (LADIVP) regards Sections 8, 9.2, 10, 11 and 12 of the SIOU Annex, as having no involvement with LADt%'P. LADN'P further considers Section 3 of the MOU Annex as being the only section of this Agreement which involves LADHP's interests in the amended MOU, which interests are limited to those expressed in Section 4.1 and 4.4 of the MOU. Afl'RM AS TO FLIM ANO LEGAIM jAMES K RAN, CM ATTORNEY 8E XY1 ALS... lr wFtcON silt t ity Attorney DEPARTMENT OF NATER AND PAVER OF THE CITY OF IAS ANGELES by BOARD OF WATER AND PO%%T.R CMMI SS IONZERS OF THE OF LOS ANGELES By and e c re_,yary z 9 1 5 6 7 8 9 10iIl. 13 14 15 16 17 18 19 20 21 22 23 24 23 26 27 28 Los ANGELES D£IPARTMENT or WATER AND POWXR Bys Names Title: Dates PACIFIC OAS AND ELECTRIC ANY BYs Games „ j sorn A. HAS 2atie Executive Vice_President Titles Fac. -and Else. me Dey*122 Dates February 11, 1986 eys Names Titles Dates By: Nam: Title: Date: -3o- CITY OF RIVERSIDE SAN DIEGO GAS i ELECTRIC COMPANY 22' 23 241 26 26 27 28 LOS ANGELES DEPARTMENT OF WATER AND POWER By Name: Title: Date: PACIFIC OU AND ELECTRIC COMPAW BYa ffiamet Title: Date$ CITY OF RIVE IDE By$ Name: AB BROW Titles MAYOR Dater March 18, 1986 BY = Name: Title: Date: -30- SAN DIEGO GAS i ELECTRIC COMPANY 1 2 3 4 5 6 7 10 11 12 13 14 15 16 N Is 191 20 21 22 23 24 25 26 27 28 LOS ANGELES DEPARTMENT OF WATER AND POWER By: Names Titles Dates PACIFIC GAS AND ELECTRIC COMPANY Bys Names Titles Dates CITY OF RIVERSIDE Names Titles Dates SAN DIEGO GAS & ELECTRIC COMPANY 2 "000e By: /OF Name: J. C. Holcombe Title: Vice President. Fuel & Power Controc Date: FebruAry 21, 1986 - —30— Le 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 SAN JUAN SUBURBAN WATER i DISTRICT BY= Name9a� vi�C� _ B Titlea Date$ SHASTA DAM AREA PUBLIC UTILITY DISTRICT By Name: Title: Date: SOUTHERN CALIFORNIA BDISON 8r= Names Title: Date: SRN SAN JOAOUIN VALLEY POWER AUTHORITY SY= Name: Title: Date: -31- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15' 16 17 18 19 20 22'. 23 24 26 27 28 SAN JUAN SUBURBAN WATER DISTRICT By: Name: Title: Date$ SHASTA DAM AREA PUBLIC UTILITY By: ' esl e O T reCtors Bv: • Cler Boar of SUMER Date: February 19. 1986 I SOUTHERN CALITOMIA EDISON Br= fie: Title: Date: SOUTMM SART JOAOUIN VALLEY POWER AUTHORITY Sy: Base: Title: Date: -31- 1 2 3 4 5 6 i 8 9 .10 11, 12, 13 14 15 16 17 18 19 20 22 23 24 25 26 27 28 nstoa l01�1 R ��► a ?� . iW7� SAN JUAN SUBURBAN WATER DISTRICT By$ Names Titles Dates SHASTA DAM AREA PUBLIC UTILITY DISTRICT By$ Names I Titles Dates Names Edward A. Myerse, Jr. Titles Vice President Dates March 7, 1986 Sys Names Titles Dates -31- SOUTHERN _SAN JOAGUI-R VALLEY POWER AUTHORITY 1 2 s 4 5 6 i 7 8 9 10 11' 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 SAN JUAN SUBURBAN WATER DISTRICT Br= Name: Title: Date: SHASTA DAM AREA PUBLIC UTILITY DISTRICT Sys Name: Title: Date SOUTHERN CALIFORNIA EDISON Names Title: Date: SOUTHERN SAN JOAOUIN VALLEY Pq(ER AUTHORITY/ / Sy: Name: KENNETH M. WEGIS Title: CHAIRr3AN OF THE BOARD Date: FEBRUARY 19, 1986 -31- l 2 3 4 5 6' 7 S 9 10 11 12 13 14 15 16 17 is H9 20 22 23 2! 25 26 27 28 TRANSMISSION AGENCY OF arORNIA By: Names Title: Date$ TRINITY COUSTY PUBLIC UTILITY' DISTRICT Sys Masse: Title: Date$ CITY OF VERNON Ry$ Names Title: Date: WESTERN AREA POWER ADMINISTRATION By: game: Title: Date: -32- r —32— TPJJSMISSION AGENCY OF NORTHERN CALIFORNIA RYs Names Titles Dates TRINITY COMM PUSLIC UTILITY''. DISTRICT By Names Lj Titles s a"Ir o f lod= - Date=lz. CITY Or VERNON RYs Nauss Titles t Dates WESTERN AREA POWER ADMISISTRKTION Hy$ - Names Title: Dates —32— 1 2 3 4 5 6 i 8i 9� 10 11 . 12 13 14 15 16 17 18 APPROVED A8 TO TORY 19 b. E. BREARL&T wA)DAVID CITY ATTORNEY 21 22 23 24 26i 26 271 28 TM SMISSION AGENCY OF NORTHER,'; CALIFORNIA By: Name: Title: Dates TRINITY COUNTY PUBLIC UTILIaTY DISTRICT By: Name: Title: Date: CITY OF VERNON By: .. Names Title: Mayor Dates Marrch 4 9 5 ATTEST: City Clerk! WESTERN AREA PM7ER ADMI: S:'RI,:ICS By: i Name: Title: Date: t i i f 1 2� 3 4' 51 6 7 8 9 10 I1 . 12 13 1�4 15 16 17 l8 19 20 22 23 24 25 26 27 28 TRANSMISSION AGENCY OF' NORTHERN CALIFORNIA Sys Name: Title: Date: TRINITY COUNTY PUBLIC UTILITY DISTRICT Sys Name$ Titles Date$ -32- CITY OF VERNON Bys Name: Titles Dates WESTERN AREA POWER ,ADMINISTRATION By: Names David G. Coleman Titles Area Manager Date: February 21, 1986 -32- O O O 41 O O O tD a iD O h O O M tn O N N tD G r4 N 4n to O to 0 a \ M tD pa 0 N tV M w d' tD N rt O 4 O O Q O O N t0 O 0% N O q' r.4 W \ O O OC� N O t` O tD "4 •+ tq N v N N to OD N Cl CI- M M N to N O N G N rl ted O O Ln tD N tV M O V N q? ^6A v . • • • • • • • Q to qr co N X tD N N r4 N M M r4 41 ~ � \ O d I C` 0% t` Q M co MJ (� to N N N N N q O rr-4 rr44 w4 M b i'. d V M � a N ri ri 411 0 .. M M tD N at 4D 40 N O O to rl co N 4T N P4 ..O ..4 d r♦ O r4 r♦ O r) a O O N M' 04Aj "4 $4 W O O O O O O O tD a iD O h O O M tn O N N tD of N r4 N 4n to O O Ln O in cz O O r4 IV M 4n ch O tD O M N r4 M M M O r4 n t` O N N a .. W 4) M n b 0 O a iD O in 0 0 0 W r4 M 0 O O 4n to O to 0 a \ M tD q N tV M w d' tD N rt O 4 O O Q O tD rt O O r.4 M N M O M r4 O t0 44 O O O ri N' r4 N� t0 tz A t0 O � N O N r4 O qr N O N O rl O H 0 Ch o N O r0t O .-4 -.i r4 ri 41 R 111 N' o o w° Al a V b o -.4 4J a 01 r -r U --4 r4 -r4 Ors .n .v r4 V4 W O+ r4 -•4 W u +J to to U f 4 0 c -•4 C 41 t8 43l b O 0% 4o O -4 > O m to ON �c .-4 -.� Q. -• t O W U wo 41 ..a -.4 t0 4t1 4C 'O W r4 W 'O to A C W ri c� 0 0 W 4J A 0 U 4L O O 46 W 4J at Q x a s U oa -4 --4 a a 4J >1 to H U D -.4 to W u 41 -•4 tW W w WO W I" 1 4J W W 41► ••4 W -se W w 0 0 0 0 m 0 0 to� 0 0 to� 0 UO t O .ami AJ y 4J 'OO A V 0 W 4J 4J U a 4J W A .0 -.4 -.4 -r4 -4 O -.4 r4 -.4 -4 R -,4 :3 --4 u u U U x u w u U to U H U I 1 01 r1 X: r1 >1 .0 rl >1 1p $4 w ?1�4 > Id 0 H 4) V H 41 w d 0 ..i 41 w1 10 3 3 MI 3$ •,4 00 0 w >1 ai 93.0 'o A I H Cw xi' oaa+ °r- 1 "a0 m 0 I"�� a 13. c if 4j U ..� b -A 40 m A we 4n 44 °r,'w as �a ami rA 1 t7 b w a •.i a ,.� .04 Ulm 4j C 4,1 Aj w Aj 14 H V py10 woo OO V b to 4 0 43 U 41 $4 'C U C O C O i1'1s a0 +'O 10 wba dim E+WIA H M+ 4 46400 o .o 4 as 41O >, �010 to I CH4.�0 F.47a G2 ww 4)o "4� :3 to . 0.0a . 14 00 �- Aw �'�' a oa> aa11 Cra C 0 401 C �� �t`°aio 9Aa@i Bid r, ►+ 0a1 rq m w V.0 w 041 t.1 ••4 C 0$4 O► r3+ 10 4 H w r1 M-0 .0 4 ,� .N 4 � a 1 Cam fAr4� �H",4 � alp go C V 1T w $4 -AW 41 41 W4 W 41 a1 $4 w rl E-4E+ d j j 4j AJ w 00 ��.. 4j 64 40 41 00 d E'wa arA OOa 4100C 04J> O faA x.1.1 1A��1M dV41M w Cal d w4j w�m41 aid w to 9 0 C a0111y 0 00 904 w -4j . H a1 1 0 1+ 01 0 do w O 4 .N NaJ r1 4J jiy1 W C M .G .0 C w. O ^p1 �' 04) 1 FA to 0W X41 0W to-4 E 01 a� 4) a w 0 4 tr0-0O �",a � � �� 3: p, fa 41 _O � C A C "fa A � .0 C 'fa � C to AC 'A M 41 4r av 1A "� O O B - 4 O O a1 m �" u1 41 � to .d w 1p to .p w 01 C ..1 y d %D 1: w"40141 w-441d w&)uC O= v a1 41 4 01 4.1 4J 41 y) N 1d u° ��a �a4' r4a41 0`x°4.1'.°, 0. Z C 0 A -r-,ed :3A-Ma = 41 C 0 m H 41-.+ C EVA C EV4 C wrt E1 01 U 4J W to 4,1 (D 41 -.i 41 > C w w WX Old 4) a1 01 w 44-H 10 w 41 10 c d N = d w 4 d.0 b 1-� w 0. 04134 E-t b A b E+ 10 A 10 E-4 90 4J R. i i iLnj D-1 1 APPENDIX D PRESCBEDULING OF TRANSKISSION USS 2 AND CURTAILMENT NOTIFICATION PROCEDIIRES 3 4 5 1. OPERATING AGENT INTERFACES: 6 1.1 Through the TANG Coordinator, TANG shall notify the 7 Operating Agent relative to the amounts of Transfer s Capability that TAMC will be using, as required by the 9 Intertie-Agreements. 10 1.2 It is anticipated that the Operating Agent will notify 11 TAMC through the IANC Coordinator when a curtailment 12 affecting Transfer Capability is scheduled or has 13 occurred, as provided in the Intertie Agreements. 14 1.3 It is anticipated that the Operating Agent will notify 15 Members or their designated agents directly of a real - 16 time curtailment of Transfer Capability. Each Member 17 or its designated agent will be responsible for 18 communicating and coordinating real-time power 19 schedule curtailments and all changes in schedules due 20 to curtailments occurring in real-time pursuant to its 21 separate agreements with other entities. 22 23 2. TANNC TRANSFER CAPABILITY PRESCHEDULING PROCEDURES 24 Transfer Capability will be prescheduled over four different 25 time frames - long term (6 years), next operating year, next 26 operating month, and current operating month. 27 2.1 Long Term and Next Operating Year 28 2.1.1 Each year, each Member shall prepare the D-1 I following estimated data pertaining to its 2 use of Transfer Capability for each month of 3 the following six-year period: 4 2.1.1.1 Member's Participation 5 Percentage; 6 2.1.1.2 Contracted Transfer Capability 7 layoffs to Members and 8 Participants; 9 2.1.1.3 Contracted Transfer Capability 10 layoffs from TAMC and 11 Participants; 12 2.1.1.4 Amount of Transfer Capability 13 available for sale; and 14 2.1.1.5 Amounts of additional Transfer is Capability desired. 16 2.1.2 This data will be submitted to the TANC 17 Coordinator by July 31 of each year. 18 2.1.3 The TANC Coordinator shall determine the 19 amounts of Transfer Capability owned by 20 other Participants that is unneeded by each 21 of those Participants (if available) and 22 that could be used by TANG. 23 2.1.4 The data will be compiled by the TAMC 24 Coordinator into a document that defines the 25 projected use of the Project by each Member, 26 and on an aggregate TAMC basis, for each 27 month of the six year period. The document 28 will also quantify instances where a Member a D-3 1 may want additional Transfer Capability, 2 where a Member may have Transfer Capability 3 that it is not planning to use, and where 4 other Participants have unneeded Transfer 5 Capability. 6 2.1.5 The TAMC Coordinator shall send this 7 document to the Members by August 31 so that 8 they will have data on projected aggregate 9 usage and can identify potential periods 10 when Transfer Capability can be bought and 11 sold among the Members. 12 2.1.6 Those Members who have made buy/sell 13 arrangements for Transfer Capability will 14 notify the TAMC Coordinator of these 15 arrangements and of their effective time 16 frames by September 30. 17 2.1.7 This new data will be utilized by the TAMC i8 Coordinator to prepare a revised document 19 that defines the projected use of the 20 Project by Member, and on an aggregate TAMC 21 basis, for each month of the six year 22 period. The document will also quantify any 23 amounts of unneeded Transfer Capability and 24 instances where additional Transfer 25 Capability could be utilized by TAMC or by a 26 Member. 27 2.1.8 If the revised document demonstrates 28 unneeded capacity or needs for additional D-3 1 2 3 4 3 6' 7 • 8 10 11 12 13 14 15 16 17 18 19 21.1 22 24 25 26 27 28 Transfer Capability, it will be resubmitted to the Members by October 31 so that they are aware of potential additional buy/sell opportunities. 2.1.9 Those Members making additional buy/sell arrangements will notify the TANG Coordinator of those additional arrangements and their effective time frames by November 30. 2.1.10 This updated data will be utilized by the TANC Coordinator to prepare a revised document that defines the projected use of the Project by each Member and on an aggregate TANC basis for each month of the six year period. The document will also quantify any amounts of unneeded Transfer Capability that was not required by TANG and instances where additional Transfer Capability could be utilized by TAMC. 2.2 Next OReratino Month 2.2.1 Each month, each Member or its designated agent shall prepare the following estimated hourly data for each of three day -types (weekday, Saturday, and Sunday/ Holiday) pertaining to its use of the Project for the next operating month: 2.2.1.1 Member's Participation Percentage; D-4 d L 1 2.2.1.2 Contracted Transfer Capability 2 layoffs to Members and 3 Participants; 4 2.2.1.3 Contracted Transfer Capability S layoffs from Members and other 6 Participants; 7 2.2.1.4 Amount of Transfer Capability 8 available for sale= and 9 2.2.1.8 Amounts of additional -Transfer' 10 Capability desired. 11 2.2.2 This data will be submitted to the TAMC 12 Coordinator by the 20th of the month 13 preceding the operating month in question. 14 2.2.3 The TAMC Coordinator shall determine the 15 amounts of Transfer Capability owned by 16 other Participants that is unneeded by those 17 Participants (if available) and which could 18 be used by IANC. 29 2.2.4 The data will be compiled by the TAMC 20 Coordinator into a document that defines the 21 projected use of the Project by Member, and 22 on an aggregate TANG basis, for each hour of 23 the three day -types specified above. To the 24 extent possible the document will also 25 identify potential layoff opportunities 26 among the Members or between TANG and other 27 Participants. 28 2.2.5 This document will be sent to the TANC D-5 1 2 3 4 S 6 7 a 9 10 11 12 13 14 is 16 17 is 19 20 21 22 23 24 25 26 27 28 Members by the 21st of the month preceding the operating month so that they will have data on projected aggregate usage and can identify potential periods when Transfer Capability can be bought and sold among the Members and between TAMC and other Participants. 2.2.6 Those Members who have made buy/sell .arrangements for Transfer Capability -will notify the TAMC Coordinator of these arrangements and of their effective time frames by the 24th of the month preceding the operating month. 2.2.7 This new data will be utilized by the TAMC Coordinator to prepare a reprised document that defines the projected use of the Project by Member, and on an aggregate TAMC basis for each hour of the three day -types specified above and such data will be made available to the Members. The document will also quantify any amounts of unneeded Transfer Capability and periods of time when additional Transfer Capability could be utilized by TAMC or a Member. 2.2.8 If any of the foregoing dates falls on a weekend or holiday, the submittal shall be made by the work day immediately preceiing the weekend or holiday. 1 2.3 Corrent Operating Month 2 2.3.1 Data for the current operating month will be 3 contained on a dedicated computerized 4 "bulletin board" that will specify Member 5 use, and to the extent available Participant 6 use, of Transfer Capability on an hourly 7 basis for the month. This data will be the a same as that prepared for the "Next 9 Operating Month" as described in Section 2.2 10 above. 11 2.3.2 Using the data on the bulletin board the 12 Members or their designated agents may make 13 Transfer Capability buy/sell arrangements 14 among themselves and will notify the TAMC 1s Coordinator of any changes required to the 16 bulletin board as soon as practicable after 17 making such change. i8 19 3. TANC CURTAILMENT NOTIFICATION PROCEDURES 20 3.1 Curtailment Notification Procedure (Prescheduled) - 21 The TAMC Coordinator shall promptly notify the Members 22 upon receipt of notice from the Operating Agent of any 23 scheduled curtailment of Transfer Capability. The 24 TANC Coordinator may advise the Members of adjustments 25 to Transfer Capability that could be made to minimize 26 the effects of the curtailment on the Members. The 27 steps in this procedure are as follows: 28 3.1.1 The Operating Agent notifies the TANC D-7 11 2 3 4 5 6 7 a 9 10 11 12 13 14 is 16 17 18 19 2011 21 22 23 24 25 26 27 28 -I\ Coordinator that a curtailment will occur and the magnitude of the curtailment. 3.1.2 The TAMC Coordinator will update the bulletin board to reflect each Member's. remaining share of Transfer Capability. 3.1.3 The TAMC Coordinator will notify each Member or its designated agent of its share of the curtailment and may suggest certain actions (e.g., trading Transfer Cap4bility) that could be used to minimize curtailment impacts. 3.1.4 In each event of a prescheduled curtailment where TAMC still has sufficient Transfer Capability for the aggregate power schedules of the Members, by mutual agreement a Member may utilize another Member's unused share of Transfer Capability in order to avoid a curtailment. 3.2 Curtailment Notification Procedure (Real -Timet - The Members anticipate that (i) the Operating Agent will notify the TANG Coordinator of real-time curtailments to Transfer Capability, (ii) the TAMC Coordinator will communicate and coordinate real-time curtailments to Transfer Capability with the Members; and (iii) the Operating Agent will also notify Members or their designated agents directly of a real-time curtailment of Transfer Capability. Each Member or its designated agent will be responsible for communicating and 181W 1 2 3 4 s 6 71 B 9 10 11 12 13 14 is li 17 is 19 20 21 22 23 24 25 26 27 28 coordinating real-time power schedule curtailments and all changes in schedu;es due to curtailments occurring in real-time pursuant to its separate agreements with other entities. The TAMC Coordinator shall maintain the bulletin board, based on information received from the Operating Agent on a real-time basis. It is the intent of the Members to share the use of Transfer Capability in order to avoid.curtailments to the extent possible without jeopardizing service to their own customers. 3.2.1 Using the data on the bulletin board, the Members may make Transfer Capability buy/sell arrangements among themselves and will make appropriate arrangements relative to changes in the amount of reserved transmission capacity and the corresponding power schedule changes pursuant to their separate agreements with other entities. 3.2.2 The Members will notify the TAMC Coordinator of any changes in the amount of Transfer Capcbility they have reserved. The TAMC Coordinator will update the data on the bulletin board. 10= F11 21 31 APPENDXX 8 BILLING ADDRE88E8 OF TSE PARTIES 4 City of Alameda Bureau -of Electricity S 2000 Grand Street Alameda, CA 94501 6 City of.Healdeburg 7 c/o Northern California Power Agency. 180 Cirby Way 8 Roseville, CA 95678 9 City of Lodi Call Box 3006 10 Lodi, CA 95241-1910 11 City of Lompoc 100 Civic Center Plaza 12 Lompoc, CA 93438 13 Modesto Irrigation District P. O. Box 4060 14 Modesto, CA 95352 1S City of Palo Alto P. 0. Box 10250 16 Palo Alto, CA 94303 17 City of Redding 760 Parkview Avenue 18 Redding, CA 96001-3396 19 City of Roseville 2090 Hilltop Circle 20 Roseville, CA 95678 21 Sacramento Municipal Utility District P. O. Box 15830 22 Sacramento, CA 95852-1830 23 City of Santa Clara 1500 Warburton Avenue 24 Santa Clara, CA 95050 25 Turlock Irrigation. District P. O. Box 949 26 11rurlock, CA 95381 27 28 City of. Ukiah 300 Seminary Avenue Ukiah, CA 95482 E-1 1 2 3 4 5 6 7' 8 9 10 11 12 13 14 is 16 17 18 19 20 21'' 22 23 24 25 26 27 28 Plumas-Sierra Rural Electric Cooperative P. O. Box 2000 Highway 70,-3 Miles West of Portola Portola, CA 96122-2000 Transmission Agency of Northern California P. O. Box 661030 Sacramento, CA 95866 E--2