ML20083D173

Draft Executive Board Resolution 142 Re Implementation of Extended Const Delay.Managing Director Directed to Resolve Dispute Re Disapprovals of Proposed Annual & Const Budget

ML20083D173
Person / Time
Site:	Satsop, Washington Public Power Supply System
Issue date:	10/04/1983
From:	WASHINGTON PUBLIC POWER SUPPLY SYSTEM
To:
Shared Package
ML20080A124	List: ML20083D173
References
FOIA-83-515 NUDOCS 8312270254
Download: ML20083D173 (3)

Text

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Inc nansaino uirector reports tnat on v.4y v, wio. the txecutiva i

s l Soard scopted Resolution tia. la7 cirecting tne Manacing..Directcr to 9

l submit BonnavilleJcwor.-lutanistratinn: 5. crapataL70r..a_ thr.ee.. year, j

t 4 l 10 l construction--delay-ot Proie.:t.3 to..the_ Pro 1xt.3 &ners - r.oaist tre anc.

i l directing tne P.anaa nno utrector to implemer.t_an ings. ate.3onstryc.tio.r3 4

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82 l StowdownJor_Loaracs-oot.co.exceco du coys anc to continue to malie i

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everveettort-toetain financing tcrwonticua.1-constretction.- and th.u

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t a sucn orosssai was sunm)tt.eo tu un.

.ners -ccmnittee on.Jooe=1.r1963..

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g pursuant to t Drrotect 3 tunersnio norcewnt.4.mc a

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Tr.e Manaq1nc uirector furtner reosets tnat on June 24. 1983. tha h

5 F.xecuts.e Boarc adopted Resolut1on tis. hi, cireetttN ther Hanaq tnc-I7

,h Director to oropose revtses Annual i

88 anc Construction lluc9ets for Pro.1ect 1

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'V l 3 to the Project 3 Owners Cor.?.i tter. the Sonneville Power Administratico p

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^ 9 ano tne earticipants. nevie,4 ecara, ::ursuant to tno Pi c.tect 3 Owiership g

a l Agreement. Project Aoreement oc.d het Billing Agreer.ents. ithten tn:dgets.

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g providn for continued construc.tior, of Pro.tect 3 on tne c::irrent approvao 4

.a WJ B cost anc schedule anc cav:r.c'.! ct tre S.nni v % r.cm's coste, of consr.ruc-

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Bl tion b.v Davments eccetvco under In. urojec t. J t;ct Bilitng AgreeTents, 24

$ anc tnot sucn Duccets werc cut,1tted en June 27, 1933, anc 20 h

Ine Manaaina utecer.nr :urentse reonrS tnat efrorrs nave been ur. der-a0 27 i taken to secure either convent onal or alternate sources of fur.cing for

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,5 continuce construction of Project !.. wnir.h ciforts trove rir.t yet Dec.*.

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successlut, anc th:::. the fianaging Director anc staff are ur.sware of 4..y 2 y-3 g current 50.tre.e c: tunc., cc cur,tinue canc tn:ct f un of Pro. ject 3 and itave r.u expectettun or securtno any source of fusins wirnin a rensnnable Ltco E

5 in ordce to concinue c1ther full or pertial ccnstruction, enc oj ine Man &91ng unrector furstier reports tnat the Sonneville Powar 7

Ac'ninistration propome s for a tr:rca-ye.tr construction (*ticy Snd the o l SuFpsy system % precasei ror continued constructton of Project 3 on tha O.)

current approvec cost er.c schecule nave been disapprove by various O

p3Petes pursuJnt to tne rcleyant ap eemc..;,

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Ins Managing Utecctor fortner reports that tr.c funds presently 18

'avdilspie to tho Supply System, includf r.q invest:4a.nt income. for pay e n; t J*

g of sne costs of construction or Prc%ct 3 are insufficient to pay current j

cormtitments topctner with tne additional cc.,ns of blcwing down cnnstruc-,

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tion anu preservation costs.

Dela/ of a decision whether to sicW ricyn I6 construction wcuio worsen cn; Struation with:2ut increasink the prospecti h

of a successful 87 rtncocin.3. snt E

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- Tne r.necutive Eocrd finds to *. it is unaware of any currq sou.ce h of runds for contimico tu6:

10 or partis) construction or l*ro.tect 3 and 24 ((

Enat,it nh no exacetat.icn o securing aqy teacs within.e rea,:..able n

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time to cont): ige citner Tuli Or pertig! CCnStruct1*;TI.

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g inc hetutive soera rurtr.cr inds th.st. it woulo not ce crudent f i

r e-D the Supply >ystE'r to centinue f ui t cr partle t cons truction Of Frojeri 1 atj in tue assence et an assureo toorce of funct to pay the costs and expen u s JL 3

that woulo tnereoy De incurred ano that it l

is 1c tae cast interests of E

g tne ratep.syers to impice.ent an irmediato extenoec construction delay of

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k F roject 3. unti r an t.55ush; f.0un.c ci funns f ar conttn..ec constructina M

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of Prc.j::ct 3 is oaininec; *n,c!.

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ti IS RESOLVED tnat the P.annoinu fairector is directed to 2

1%)iement An inraedi.ite extenoco construction celcy of Pro. lect 3 until An 3

assured source of fundtnc; for continuca construction can ne ontaineo and 4

to preparc and deliver a detailec 1'r.olementouon Dion to the Executive 5

Board consistent with the foregoint), ano 5

17 IS FURTt!ER RESOLVED that the finnaging Director is dir0Cte0 to 7

continue to seek to remove the tenettirwnM preventing t.he Supply Syster.

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s frca financing continued constru:: tion nf Prnject 3, ene 1

1 IT 15 FURTHER RE5Gl.VED that tr.e t'.enaging Dire:: tor is cirectec to 10

.take all necessary steps to resolve the dispute regeroing the 615soprovals 11 of the proposed Annual an:: Construction budgets through the proces'ses 2

prescribed by the relevent contracts, by agreement, or ey istigation, as 13 appropriate. and to rtDort to the EM:cative doard at t ts next regular 14 meeting.

15 ADDPTED by the Executive Bosed of Weshington."ublic Power 5spply 16 System this 8th day of July,1983.

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1 21 22 ATTEST:

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rutui Afl0 LEGfd 1IY:

24 Secretary

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