NL-11-0451, Financial Assurance Requirements for Decommissioning Nuclear Power Reactors
| ML110890334 | |
| Person / Time | |
|---|---|
| Site: | Hatch  |
| Issue date: | 03/29/2011 |
| From: | Ajuni M Southern Nuclear Operating Co |
| To: | Document Control Desk, Office of Nuclear Reactor Regulation |
| References | |
| NL-11-0451 | |
| Download: ML110890334 (87) | |
Text
Mark J. Ajluni, P.E.
Nuclear Licensing Director Southern Nuclear Operating Company, Inc.
40 Inverness Center Parkway Post Office Box 1295 Birmingham, Alabama 35201 Tel 205.992.7673 Fax 205.992.7885 SOUTHERN'\\'
COMPANY Docket Nos.: 50-321 50-366 NL-11-0451 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D. C. 20555-0001 Edwin I. Hatch Nuclear Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))
Ladies and Gentlemen:
Pursuant to 1 0 CFR 50.75(f){1), each power reactor licensee is required to report to the NRC the status of its decommissioning funding for each reactor or part of each reactor it owns on a calendar year basis, beginning on March 31,1999, and every two years thereafter. Southern Nuclear Operating Company (Southern Nuclear) holds operating licenses DPR-57 and NPF-5 for the Edwin I. Hatch Nuclear Plant. On behalf of the licensed owners of the Edwin I. Hatch Nuclear Plant (Georgia Power Company, Oglethorpe Power Corporation, the Municipal Electric Authority of Georgia, and the City of Dalton, Georgia), Southern Nuclear provides the enclosed submittals in accordance with the requirements of 10 CFR 50.75(f)(1).
This letter contains no NRC commitments. If you have any questions, please advise.
Respectfully submitted,
~~Dt--~
M. J. Ajluni Nuclear licenSing Director MJNLWWllac
Enclosures:
- 1. Georgia Power Company Response
- 2. Oglethorpe Power Corporation Response
- 3. Municipal Electric Authority of Georgia Response
- 4. City of Dalton, Georgia Response cc:
Southern Nuclear Operating Company March 29, 2011
U. S. Nuclear Regulatory Commission NL-11-0451 Page 2 cc: Southern Nuclear Operating Company Mr. J. T. Gasser, Executive Vice President Mr. D. R. Madison, Vice President - Hatch Ms. P. M. Marino, Vice President - Engineering RTYPE: CHA02.004 U. S. Nuclear Regulatory Commission Mr. V.M. McCree, Regional Administrator Mr. P. G. Boyle, NRR Project Manager Mr. E. D. Morris, Senior Resident Inspector - Hatch Georgia Power Company Ms. A. P. Daiss, Vice President, Comptroller and Chief Accounting Officer City of Dalton. Georgia Mr. D. Cope, President and CEO Municipal Electric Authority of Georgia Mr. J. E. Fuller, Senior Vice President and CFO Oglethorpe Power Corporation Ms. A. F. Appleby, Vice President, Treasurer
Edwin I. Hatch Nuclear Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1>>
Georgia Power Company Response
Ann P. Daiss Bin 10120 Vice President, Comptroller 241 Ralph McGill Boulevard NE and Chief Accounting Officer Atlanta, Georgia 30308-3374 Tel 404.506.6766 Fax 404506.3128 apdaiss@sDlIthernco.com March 4, 2011 Docket Nos.: 50-321 50-366 U. S. Nuclear Regulatory Commission ATIN: Document Control Desk Washington, D.C. 20555 Edwin I. Hatch Nuclear Plant GEORGIA'\\
POWER A SOUTHERN COMPANY Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))
Dear Ladies and Gentlemen:
Pursuant to 1 0 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC the status of its decommissioning funding for each reactor or part of each reactor it owns on a calendar year basis, beginning on March 31, 1999, and every two years thereafter. Georgia Power Company (GPC) hereby submits the enclosed information in accordance with 10 CFR 50.75(f)(1) for operating licenses DPR-57 and NPF-5 issued for Edwin I.
Hatch Nuclear Plant Unit 1 and 2, respectively. Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Edwin I. Hatch Nuclear Plant, is providing this information to the NRC on behalf of GPC.
Based on the information presented herein, there is reasonable assurance that the funding necessary for decommissioning the Edwin I. Hatch Nuclear Plant, consistent with the NRC prescribed minimum set forth in 10 CFR 50.75(c), will be available on the expiration date of operating licenses DPR 57 and NPF-5.
Please advise if you have any questions or comments regarding the information provided herein.
Respectfully submitted, GEORGIA POWER COMPANY By: Ann P. Daiss, Vice President, Comptroller and Chief Accounting Officer APD/LWW Enclosure
Enclosure Edwin I. Hatch Nuclear Plant Georgia Power Company Ownership Percentage - 50.10/0 I
I 10 CFR 50.75(f)(1) Requirement Unit 1 Unit 2 I
I 1
The NRC minimum decommissioning estimate,
$287,426,0002
$287,426, 0002 i pursuant to 10 CFR 50.75(b) and (c). 1 I
I 2
i The amount accumulated at the end of the
$209,570,000
$194,346,000 I calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c).
3 I A schedule of the annual amounts remaining to be See Schedule in See Schedule in collected; for items in 10 CFR 50.75(b) and (c).
4 The assumptions used regarding:
Per GPSC Docket 31958 Per GPSC Docket 31958 (a) rates of escalation in decommissioning 2.42%
2.42%
costs; (b) rates of earnings on decommissioning 4.42%
4.42%
funds; 2.00%
2.00%
(c) real rate of return; and None None (d) rates of other factors used in funding I
projections.
5 Any contracts upon which the licensee is relying None None I pursuant to 10 CFR 50.75(e)(1)(v).
6 Any modifications to a licensee's current method No modification since the last No modification since the last of providing financial assurance occurring since report. Funding is to an report. Funding is to an
- the last submitted report.
External Sinking Fund with External Sinking Fund with the sources of funds from the sources of funds from Traditional Cost of Service Traditional Cost of Service ratemaking as ordered by the rate making as ordered by the GPSC in Docket No. 31958.
GPSC in Docket No. 31958.
7 Any material changes to trust agreements.
None None NOTES:
1 The NRC formulas in section 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees to remove a facility or site safely from service and reduce residual radioactivity to levels that permit: (1) release of the property for unrestricted use and termination of the license; or (2) release of the property under restricted conditions and termination of the license. The cost of dismantling or demolishing non-radiological systems and structures is not included in the NRC decommissioning cost estimates. The costs of managing and storing spent fuel on-site until transfer to DOE are not included in the cost formulas.
2 This number is based on NUREG-1307, Rev. 14, for the burial factor (Option 2) and the December 2009 values for labor and energy factors.
Schedule of the Annual Amounts Remaining to be Collected Schedule of Annual Amounts Included in Current Rates (Dollars in Thousands)
Plant Hatch HATCH 1 HATCH 2 BEG OF ENDOF BEG OF ENDOF YEAR FUND FUND YEAR YEAR FUND FUND YEAR YEAR FUND BAL EARNINGS CONTRIB FUND BAL FUND BAL EARNINGS CONTRIB FUND BAL 2011 209,570 9,263 0
218,833 i 194,346 8,590 0
202,936 2012 218,833 9,672 0
228,505 202,936 8,970 0
211,906 2013 228,505 10,100 0
238,605 211,906 9366 221,272 2014 2015 2016 238,605 249,151 260,163 10,546 11,012 11,499 0
0 0
249,151 260,163 271,662 221,272 231,052 241,264 10, 10,664
- 231,052 241,264 251,928 2017 271,662 12,007 0
283,669 251,928 11,135 0
263,063 2018 283,669 0
296,207 263,063 11,627 0
274,690 2019 296,207
~ 0 309,299 274,690 12,141 0
286,831 2020 309,299 13,671 0
322,970 286,831 12,678 0
299,509 2021 322,970 14,275 0
337,245 299,509 13,238 0
312,747 2022 2023 337,245 352,151 14,906
~2"5' 367,716 312,747 326,570 13,823 14,434 0
0 326,570 341,004 2024 367,716 383,969 341,004 15,072 0
356,076 2025 2026 383,969 400,940 ~
o 400,940 418,662 356,076 371,815 15,739 16,434 0
0 371,815 388,249 2027 418,662 0
437,167 388,249 17,161 0
405,410 2028 437,167 19,323 0
456,490 405,410 17,919 0
423,329 2029 456,490 20,177 0
476,667 423,329 18,711 0
442,040 2030 476,667 21,069 0
497,736 442,040 19,538 0
461,578 2031 497,736 22,000 0
519,736 461,578 20,402 0
481,980 2032 519,736 22,972 0
542,708 481,980 21,304 0
503,284 2033 542,708 23,988 0
566,696 503,284 22,245 0
525,529 2034 566,696 13,357 0
580,053 525,529 23,228 0
548,757 2035 548,757 24,255 0
573,012 2036 2037 2038 573,012 598,339 624,786 25,327 26,447 14 I
598,339 624,786 639,493
Edwin I. Hatch Nuclear Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1>>
Oglethorpe Power Corporation Response
OglethorpePower Oglethorpe Power Corporation Rocky Mountain Hydroelectric Plant 4050 Big Valley Road NW February 25,201]
Rome 30165-9754 phone 706-290-54CO Docket Nos.: 50-321 50-366 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D.C. 20555 Edwin L Hatch Nuclear Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors no CFR 50.75Cf)(1)
Dear Ladies and Gentlemen:
Pursuant to 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC the status of its decommissioning funding for each reactor or part ofeach reactor it owns on a calendar year basis, beginning on March 31, 1999, and every two years thereafter. Oglethorpe Power Corporation (OPC) hereby submits the enclosed infonnation in accordance with 10 CFR 50.75(f)(1) for operating licenses DPR-7 and NPF-5 issued for Edwin L Hatch Nuclear Plant Unit 1 and 2, respectively. Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners ofthe Edwin I. Hatch Nuclear Plant, is providing this infonnation to the NRC on behalf ofOPC.
Based on the infonnation presented herein, there is reasonable assurance that the funding necessary for decommissioning the Edwin I. Hatch Nuclear Plant, consistent with the NRC prescribed minimum set forth in 10 CFR 50.75(c), will be available on the expiration date ofoperating licenses DPR-7 and NPF-5.
Please advise ifyou have any questions or comments regarding the infonnation provided herein.
Respectfully submitted,
~.1~,
Anne F. Appleby Vice President, Treasurer Oglethorpe Power Corporation ILWW Enclosure e-A :l18mbrr 01 the Natlonal Rtlfal ElectriC Cooperative
Enclosure Edwin I. Hatch Nuclear Plant Oglethorpe Power Corporation Ownership Percentage - 30%
10 CFR 50.75(f)(1) Requirement The NRC minimum decommissioning estimate, pursuant to 10 CFR 50. 75(b) and (c). 1 2
The amount accumulated at the end of the calendar year preceding the date of the report for items included in 10 CFR50.75(b) and (c).
3 A schedule of the annual amounts remaining to be collected; for items in 10 CFR 50.75(b) and (c).
4 The assumptions used regarding:
(a) rates of escalation in decommissioning costs:
(b) rates of earnings on decommissioning funds; (c) real rate of return; and (d) rates of other factors used in funding projections.
5 Any contracts upon which the licensee is relying pursuant to 10 CFR 50. 75(e)(1 )(v).
6 Any modifications to a licensee's current method of providing financial assurance occurring since the last submitted report 7
Any material changes to trust agreements.
NOTES:
Unit 1
$172,111,000 2
$ 91,962,848 See Schedule in 2.42%
6.00%
3.58%
none none none August 2010 executed revised Trust Agreement.
Draft provided to NRC March 2010.
Unit2
$172,111,000 2
$ 72,299,087 See Schedule in 2.42%
6.00%
3.58%
none none none August 2010 executed revised Trust Agreement.
Draft provided to NRC March 2010.
1 The NRC formulas in section 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees to remove a facility or site safely from service and reduce residual radioactivity to levels that permit: (1) release of the property for unrestricted use and termination of the license; or (2) release of the property under restricted conditions and termination of the license. The cost of dismantling or demolishing non-radiological systems and structures is not included in the NRC decommissioning cost estimates. The costs of managing and storing spent fuel on-site until transfer to DOE are not included in the cost formulas.
2 This number is based on NUREG-1307, Rev. 14, for the burial factor (Option 2) and the December 2009 values for labor and energy factors.
Schedule of the Annual Amounts Remaining to be Collected Oglethorpe Power Corporation 2010 NRC MINIMUM Hatch 1 Hatch 2 Earnings Rate:
6 Earnings Rate:
6 Balance Balance Balance Balance Year Begin Year Earnings Contribution End Year Year Begin Year Earnings Contribution End Year
-~--------------------- ------------
---~----------------
~----
2010 83,()6 UJ25
..,983,662 0
91,962,848 2010 65,300,678 3,918.041 0
72.299,087 2011 91,962,848 5,517,771 0
97,480,619 2011 72,299,087 4,337,945 0
76,637,032 2012 97,480,619 5,848,837 0
103,329,456 2012 76,637,032 4,598,222 0
81,235,254 2013 103,329,456 6,199,767 0
109,529,223 2013 81,235,254 4,874,115 0
86,109,369 2014 109,529,223 6,571,753 0
116,100,977 2014 86,109,369 5,166,562 0
91,275,932 2015 116,100,977 6,966,059 0
123,067,035 2015 91,275,932 5,476,556 0
96,752,487 2016 123,067,035 7,384,022 0
130,451,058 2016 96,752,487 5,805,149 0
102,557,637 2017 130,451,058 7,827,063 0
138,278,121 2017 102,557,637 6,153,458 (I
108,711,095 2018 138278,121 8,296,687 0
146,574,808 2018 108,711,095 6,522,666 (I
115,233,761 2019 146,574,808 8,794,488 0
155,369,297 2019 115,233,761 6,914,016 0
122,147,786 2020 155,369,297 9,322,158 (I
164,691,455 2020 122,147,786 7,328,867 0
129,476,653 2021 164,691,455 9,881,4R7
{)
174,572.942 2021 129,476,653 7,768,599 0
137,245,253 2022 174,572,942 10,474,377 0
185,047,318 2022 137,245,253 8,234,715 0
145,479,968 2023 185,047,318 11,102,839 0
196,150,157 2023 145,479,968 8,728,798 0
154,208,766 2024 196,150,157 11,769,009 0
207,919,167 2024 154,208,766 9,252,526 0
163,461,292 2025 207,919,167 12,475,150 0
~2n,394,317 2025 1 63,461,:~92 9,807,678 0
173,268,969 2026 220,394,317 13,223,659 f)
~33,617.976 2026 173,268,969 10,396,138
()
183,665,107 2027
~33,617.976 14,n17,079 n
247,635,(154 2027 183,665.107 11,019,906 U
194,685,014 2028 247,635,054 14,858,103 (j
262,493,158 2028 194,685,014 11,681,101 0
2!X),366,115 2029 262,493,158 15,749,589 0
278.242,747 2029 206,366,115 12,381,967
° 218,748,082 2030 278,242.7 47 16,694,565 0
294,937,312 2030 218,748,082 13,124,885
° 231,872,967 2031 294,937,31~
17,696,239 (J
312,633,551 2031 231,872,967 13,912,378 0
245,785,345 2032 312,633,551 18,7 58,0 13 0
33U91,564 2032 245,7 85,345 14,747,121 0
260,532,465 2033 331,391.564 19.883,494 0
351.~75,058 2033 260,532,465 15,631,948 0
276,164,4\\3 2034 351,275,058 21,076,503
()
372,351,561 2034 276,164,413 16,569,865 0
292,734,278 2035 292,134,278 17,564,057 0
310.298,335 2036 310,298,335 18,617,900 (J
328,916,235 2037 328,916,235 19,734.974 0
348,651,209 2038 348,651,209 20,919,073 0
369,570,281
Edwin I. Hatch Nuclear Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1>>
Municipal Electric Authority of Georgia Response
Docket Nos.: 50-321 50-366 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D.C. 20555 Edwin I. Hatch Nuclear Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))
Dear Ladies and Gentlemen:
Pursuant to 10 CFR 50.75(f)(1), each power reactor licensee is required to report to the NRC the status of its decommissioning funding for each reactor or part of each reactor it owns on a calendar year basis, beginning on March 31, 1999, and every two years thereafter. The Municipal Electric Authority of Georgia (MEAG) hereby submits the enclosed information in accordance with 10 CFR 50.75(f)(1) for operating licenses DPR-57 and NPF-5 issued for Edwin I. Hatch Nuclear Plant Unit 1 and 2, respectively. Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Edwin I. Hatch Nuclear Plant, is providing this information to the NRC on behalf of MEAG.
Based on the information presented herein, there is reasonable assurance that the funding necessary for decommissioning the Edwin I. Hatch Nuclear Plant, consistent with the NRC prescribed minimum set forth in 10 CFR 50.75(c), will be available on the expiration date of operating licenses DPR 57 and NPF-5.
Please advise if you have any questions or comments regarding the information provided herein.
Respectfully submitted, MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA, by,
- r---f? j~
James E. Fuller Senior Vice President, Chief Financial Officer ILWW MUllicipal El""lrie Authority of Georgia 1470 Rivprcdge Parkway NW Enclosure
,\\tianta, G"oq~ia 30328-4686 l-80Ikl3:3-MEAG 770-5C,;1().300
Enclosure Edwin I. Hatch Nuclear Plant Municipal Electric Authority of Georgia Ownership Percentage -17.7%
10 CFR 50.75(f)(1) Requirement Unit 1 Unit2 1
The NRC minimum decommissioning estimate, pursuant to 10 CFR 50.75(b) and (c). 1
$101,546,0002
$101,546,0002 2
The amount accumulated at the end of the
$79,973,094.58
$78,406,134.45 calendar year preceding the date of the report for items included in 10 CFR 50.75(b) and (c).
3 A schedule of the annual amounts remaining to be See Schedule in See Schedule in collected; for items in 10 CFR 50.75(b) and (c).
4 The assumptions used regarding:
(a) rates of escalation in decommissioning 3.60%
3.60%
costs; (b) rates of earnings on decommissioning funds; 5.60%
5.60%
(c) real rate of return; and 2.00%
2.00%
(d) rates of other factors used in funding None None projections.
5 Any contracts upon which the licensee is relying pursuant to 10 CFR 50.75{e)(1)(v).
6 Any modifications to a licensee's current method None None of providing financial assurance occurring since the last submitted report.
7 Any material changes to trust agreements.
None None NOTES:
1 The NRC formulas in section 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees to remove a facility or site safely from service and reduce residual radioactivity to levels that permit: (1) release of the property for unrestricted use and termination of the license; or (2) release of the property under restricted conditions and termination of the license. The cost of dismantling or demolishing non-radiological systems and structures is not included in the NRC decommissioning cost estimates. The costs of managing and storing spent fuel on-site until transfer to DOE are not included in the cost formulas.
2 This number is based on NUREG-1307, Rev. 14, for the burial factor (Option 2) and the December 2009 values for labor and energy factors.
Schedule of the Annual Amounts Remaining to be Collected
MEAGPOWER Decommissioning Funding Plan Nuclear Decommissioning Fund - Hatch 1 (Dol/ars in thousands)
Calendar Balance at Interest Less:
Balance at Year Be~. of Year Contributions (1)
Earnin~s Fees End of Year (A)
(B)
(C)
(D)
(E) 2010 79,973 2011 79,973 4,458 (125) 84,307 2012 84,307 4,661 (131) 88,837 2013 88,837 4,875 (137) 93,575 2014 93,575 5,100 (143) 98,533 2015 98,533 5,338 (149) 103,721 2016 103,721 5,588 (156) 109,153 2017 109,153 5,853 (164) 114,842 2018 114,842 6,131 (171) 120,802 2019 120,802 6,425 (180) 127,047 2020 127,047 6,735 (188) 133,593 2021 133,593 7,061 (197) 140,457 2022 140,457 7,406 (207) 147,656 2023 147,656 7,769 (217) 155,208 2024 155,208 8,152 (227) 163,132 2025 163,132 8,555 (238) 171,449 2026 171,449 8,981 (250) 180,180 2027 180,180 9,430 (263) 189,348 2028 189,348 9,903 (276) 198,975 2029 198,975 10,403 (289) 209,089 2030 209,089 10,929 (304) 219,714 2031 219,714 11,484 (319) 230,878 2032 230,878 12,069 (335) 242,612 2033 242,612 12,686 (352) 254,946 2034 254,946 8,896 (247) 263,595 Total 188,887 (5,265)
Options:
Level Payments Footnotes:
(I) - Based on the current funding levels and decommissioning forecast, the decommissioning contributions for Hatch Unit One are being suspended.
N:IO05154103233612011 Amts Remain Collected-v2.xls Page 1 of 1 Date: 3/2/2011; Time: 12:44 PM
MEAGPOWER Decommissioning Funding Plan Nuclear Decommissioning Fund - Hatch 2 (Dollars in thousands)
Calendar Balance at Interest Less:
Balance at Year Beg. of Year Contributions (1)
Earnings Fees End of Year (A)
(B)
(C)
(D)
(E) 2010 78,406 2011 78,406 4,366 (123) 82,650 2012 82,650 4,555 (128) 87,077 2013 87,077 4,754 (133) 91,698 2014 91,698 4,964 (139) 96,523 2015 96,523 5,186 (145) 101,563 2016 101,563 5,419 (152) 106,831 2017 106,831 5,665 (159) 112,337 2018 112,337 5,925 (166) 118,096 2019 118,096 6,198 (173) 124,121 2020 124,121 6,487 (181 )
130,427 2021 130,427 6,791 (190) 137,028 2022 137,028 7,112 (199) 143,942 2023 143,942 7,450 (208) 151,184 2024 151,184 7,807 (218) 158,773 2025 158,773 8.183 (228) 166,729 2026 166,729 8.580 (239) 175,069 2027 175,069 8,998 (251) 183,817 2028 183,817 9,439 (263) 192,994 2029 192,994 9,904 (276) 202,622 2030 202,622 10,395 (289) 212,728 2031 212,728 10,912 (303) 223,336 2032 223,336 11,457 (318) 234,475 2033 234,475 12,032 (334) 246,173 2034 246,173 12,638 (351) 258,461 2035 258,461 13,278 (368) 271,370 2036 271,370 13,952 (392) 284,930 2037 284,930 14,662 (411) 299,181 2038 299,181 7,712 (216) 306,677 Total 234,824 (6,553)
Options:
Level Payments Footnotes:
(1) - Based on the current funding levels and decommissioning forecast, the decommissioning contributions for Hatch Unit Two are being suspended.
N:IO05154\\03233612011 Amts Remain Collected-v2.xls Page 1 of 1 Date: 3/2/2011; Time: 12:44 PM Edwin I. Hatch Nuclear Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors - 2011 Submittal Project One Power Sales Agreement
J I..
J POWEl\\ SALES CONTRACT lIrtwell1 M1Ji.nCIPAL ELECTRIC AU'l'HOlUTY OF* GEORGIA.
CITY OF This Ceatract. made and entued :into I. of Octobtr I, 1975, by and between the l{uSdll&1 EJed:ric Authorit.r of Georda. a public body corparata and. politic ana ~ pu~11:
ccrporatlim of the State of Gearda 'berlinatter 10000eUmes iSufJUU4 &:II the Authority, aut..
eel by the protbfou of,l GL L. 1975, >>- 107,... UIItmded. IDd CITY OF a poHticall\\'l'bdi'ri.lon of the State of Gecrl(ia, 'hueinaftB so:netfmes de.slpated ILi the Pal'
- ~dpallt.
WITNESSETH THAT:
WllERliAS, the Parlicipa:at has :nelCl tor III e.c.anomfcaJ, reUable aouree at e1ech3c.
'P01fU' and. eDam to ~eet the rrowfl:lr demaDI!s of its c:astomus ana has a.tarminlid to purc:hue IUd!. aled:ric: po....er and 1n.r.l.Y trom. ruouroll 'owned. contro]Jed, 01' parchutd bTtheAuthonb'. and WlIEREAS, the AutbOrlt¥- will talce or cause to be taken all steps nec:eual'J to 1ec:11rI such lQ"II'anPalDtal penrdb. JiCeDlG, and a'PPron.lI as are DeCeSS&l'J for. a.ud win then pro c.Itd &:II approPriate with fInal aaIp, ffDandn,r aDd ~urlftloD or <:oJ1.Itruetion of tlIo.se faciUtial;VIbl duczibe4 and dalaute4.. the Projeci lor the supply oflltctric. powtr am mer.,. to the ParlIdpaat 04 to aU otlIer 'Political lub41vSalou,contractmK 'lrith the Author 1t1 tliuefor, u4 will stU the output and lervfeu o~ nell 1'&C11ftiu panuazat to WII Colltract IIDII to CC1Dt.racta* lubstutJaJ1y Id.entical to ad. C6J2tnc:t with other political l"bcUvtslODl, dlllipaW tolethu :wtth the Parlfdpant LI the. Partidpanb, *and WHE1IBA.S. fn addlUoa to the sal. to the Parl:(dplllb at t.t. output and.riea of tha
'Project. the A.uthorif:7 'Will aJlo.ohtarn for an4 p.fO\\ide to the Partfdpota the Pa.rt:fdpanb' Supplet:llJltIl..Bunc* PcnrU' Suppl,., as b.~eb:aftu ddh:&ed. and WlIEltEAS. fD orda-to eabI. the Authority to iuue Its nvenue benda to pa., the cOIb of a.CQWriI,! COutrVcUnl' the Projlld:, It is clCuwy'!or the A.uthorit;y to ha.... bindl.Dl' contracts with wc::h 'PoUtical subdivillon. of 'lba State of. Gtorrf& as may detcm.£ne, punuut to anthori., of I GL L. 1975. p. 107,.. amended, to contract 'With the Authority. UII! all par
.ments required to 1HI mad, in aecordanee with the prO\\ilfClnl of Arlic1. Dr lit such co:utrac:t.s,
.fllchacUDl' paJmmta required to be lnad. under.Article nl at tb1s Contract. &ria all other par.
mlDta attribtrtt.ble to the Proleq or to the Amnla1 ProJ<<t Com,.... her.1na.ftiar dlflned, to be mde tn accordaDCe wit1a Of' pursuant to ally other provldon of this Con'tnet Ina stich othtr contta.cts DaD 'be plldred U Iec:urit,- lor the pa.ymeDt of such BODd.;
1
NOW:rBEREI'OllE:
FoE' a.nd in conm.e:raUon of the premilu al1d the mutual covnanta and arreemu.1:a here IZlafter **t forth. and In order to pa1 the Authority foE' its costs,of prc:mdlq (I) the Patti..
dl)ant'. EnUtJemut Sbare, LI hertiwter deflnld. of the oatpat and terrie. of uch tadlltr of the Project ~ (Ii) the PuUdpant'. Su:p]llltnaDt..l Bulk Power SuppI7. It fa,asrtt4 by aDd
'be.twld the partla hueto &s to1lo'WI:
ARTICLE I TE1Ut 'OF CO~ACT. DEFOOTl9NS StcUan 101. Term.
'l"ha term of tlda Contract shaU btdn and Ws Contract shill CQiUtitutii a lIiDdiq, obti ptlon of the parUa hereto from ud alter ttl txecution by the lut pa:r:ty t:a exRUt. the aame. n_ obllration of the Authorlt,' to provla. e!eetric poWII' ana '.1'17, uncleI' t:h8' P:O viliou of this CaDez.a~.bUlIetin with thl ffr..t issuanc.' aDd 4.U"er:r by u14 Autborit;, of an,. of its Boads which an authorized to be I..utd by the provillona of I G&. L. 1"5, p. 107, u &meJlded. or, In th**7.t natu of the Authorit,' u. bsutd iu aut!clpatloll. of the I,lUMe.,
at Boadl. such obllptiaD shall 'blain with the IIS\\WICe &ad 4eU'Rrr of allcA bond qttc:1pation note!. Th. term of this Conb'act Ihall contbule In fuU force aJld d'fect UIltll IUch Um.. uot e:a:Rdit11' ftltr run. &I aU of the Authority'. Bou(s.. heraIaafter'dlflud or uotte _eel in &I1Ul:ipaUoD of th. iaauauci of Ba.a.ds aDd th. Interest thenon hI.yoe bum paid or pron.iOl1 foE' pa1Dlent ahall have been mad. tn aceordanee 'Wlth t4e proviltou of til, B_ Itesolut£on
, or until auch time... tb. ProSect Ihllt 'be reij,red from'lUl'ia, deeo1J1ll1isaioned,.or disposed of b7 the Authority, wblchever tllater.
Section, 102. DIII!!liUou uel ElpUaUOl\\' ~t 'l'enns.
, AI qed berein : '
(a) ",Act" shall tlllan that certatn Act of t::I.t 1976 aUlton of the GIDII'IoI A.ssembl1 of. the State of GtorJia coDtpnld.nd l)ublllbe4 In 1 Ga. L. 1915,;p. 10'1, LI th_ IUlit W belA her..
toforl'or mq. be b.:ta1ter amanded..
(b) lfA.naPl Pro/ect CoIta"'lhIJl mtan, 'With rupect to a Power SeppI,. Tear, to the'~
tent not pard.. a part of tht Coats of A:cqulslUon eel CotII~on. all coats. aud expeIIPI of the Auth0rit7 paid by tha Authol'ltT for tach of the p:JltraUq facUJU.. and tU tr-a.n.smJs..
doll. II)"Stem fadllt:{a c:ompriainc the ProSect durinl lueh POWIII' SlIP'll'" Yw.-.. Uocablt to the Project Inclu4inr, but !lOt Umited. to. thou ItL"US* of cost UId U'ptnlt rd'enw! to fn $ectlOli 306(b).nd (e). herlof. as Annual Prolect Generation F"lXed Cb&l'l't:l. Otlwr Annul Project Gtntntfan Casu. Annual Project Tnnsau.alon F~ed Cbarl' &lI.d Other Annual Prolect Tr&D.sm!sslor: Coats. '
, (c)' "Annual Supplemlntal Coati,* ab.a1l mean t!1oae ccstl ami expu.s. of the A,utbQrfty.
alloet.ble to tbl ;purclwln, Or furnfah[E1I' 01 Sllpplemeatal BldJr: Power Supply to the Partfcl4 puts.
Cd} "AntluaJ SlllttJU Budll'et" shan mun, witb respect to
- Power Supply Yell', the budl' et,adoptad bt the A.uthoritY' not leu than thIrt,. day. priot to the berinniDI' of IUd! POWIII' SllpplT Year whleh bw:t.ret shall itemIze uUmates of Annual Project Colts and Annual Sup.
plemental Ca." aud aU l'eyen'U~ income. or othu funda to be applied to IUch COltl, faspec tI....17. for.ad aPpHub,. to.such Power Supply Year Of. in the cale of.an l.D1eDded such Budl'4
.~ for and applicable to ~ucb Year 10f the remainder of JUch Power Suppl1: Yu:r.
2
I (e) Billli:!&' Sta.temmt" Ihall m~ thl written statement pnpa.nd 01: cauaed to 'b4., pre.
pared monthlt bJ' the Authority that shall b. ba.ud Dpon the Annual S7etem 'Bulfr-' or upon the amencJed Annual s,.tem 'BucJret adopted b7 the Authority ~anuant to Section 202 hUe<lt, and th.-t.hallihaw thl montb1T amolmt to b. paid to the Authoritr by the Participant in &eo cordance with the prO'ritlonl of SKtiDDl 807 ana '08 hereof.
(0 :BoneW Ilu.Jl m.~n th. bond! laued by thl Authority punu..ntto the pl.'O"VUlollS of '
the ::Bona ltuolutioa. to finaDce 01: ufiunQ the Cost of A.cqtt!Jltfon ad ConItzuctiou of the Project. whether or not any iuue of IUeb bond. uall 'be subordiut.d. II to paym,lut to U1.1 other iSluit of lueh bonds. and shall IDClude adclitfoiul liow issued. ptlrlUIJ1t to the pmri aloDII ot. Sect[on SOl hereof and re!undmr :Benda Issued pursuant to the prodst011S of Sec tion 1SD2 hereof.
ca) "Bond Reiolut!on" shaD. mlan the Power levenl.ll Bond Resolution and ILDY Supple mental PO'Iif'U Revenu.e Bond Resolution to be adopted b)',th. Authority and Iccept.td by tha
'n'uStae and the ea,.Tru.stee.(i1 an)') tberwnder tor'the benefit of the owners of th. Bondi whid1 shill provide for the IuuanQ'of IUcb Bondi. a cop)' of wbl.th PoweLley.nue Bond RelCl]ut{OIl and F(rst Supplemental Power Jteyeaue Bond Resolution in substantially tb. fol'tll to be adopted by the Authority Iha11 be 011 roe In the records ot the Put1ci!ll!lt.
(h) "BuIk:Powtr Suppb'" shall mean. with naped to a Part:fdpant, aU elec:tric power an4 tnar.,. reqa1n4 by rach Participant In exCIII of that amount U) suppUed 'by any arener.
ation am! trlU'llm.llllcin rQOurces owned by such Parifdp&nt on tb eff,dh. !!ate of tJds Con tract, <ii)' feWVed. by such Puticfpant :trom the SO\\rlbeutern POWI%' AdmJU,tatUti011 (SEl?A). and (W) proc:ured by such Pa.rt:ic:ipant from al~tebalk pOWII' sUllply resoure~
in accordanee wfth the prO'riaiol1S of Sed:lon 'D4, bueat.
(i) "COIDIDtlrcial Operation Date" than man. 'With raped to each facUity of the ]?roject, the 'bQiD;AInr of the day on which al.lcb faeillty of the Project ii, ill tht opiDioD of the Author..
fty. ptodudnr and dlU,.erinr electric power aDd IIW'I1 for, eommerdal use. provided, how.
,ever, Ill. the,,,at any such fadUty ill prodL1cinr and deli,..riq electric power and aneflD' for commerdal USe on the date of &l'!quisltion of the AuthoritTa interest theie1D, the Author Ity maYlStablbh a Commercial Operation -nata for IUch. facility lflUch. date shan be witbm a reuo~l. tim. of the t!tective date ot IUch acqulllUon.
(j) "COJUtdtfq EDrfneezoi' sh&ll mean an enlinHr Or emrineeri.Q firm of national repa tatlOl1 ha'f'lnr demoDlitrated Qpertla. In th1t fleJa o~ electric power.Ieneratlm;. tra~
pOWU'.!IuPPl1. electric: utllity-opera~ou, :rate.. Ind feulbilit;y.
(Ic) "Contract" and i*powU' SaJu Coil.l:nct.s" lhall mnn, nspectrye1y, thla Contnct witb the Putfclput and all P.oweJ: Slles CODtncts. facludinr tbU Contract. rubltaatially identical hereto IntAtnd into by the Authority IDd a Partic!pant; In ncb cue IS the
-'wne may be amead!ld from. time to time.
(1) "COIl of Acquilltfon aDd: CoDStruction".hall mUD, to thl extent not JDc.lude4 iD Ali..
Dad Project Costa,.all COlts of ad apen.1lI of planniq, desfrainl', lICqul.rlDr. corutructinr.
imtalliq. and fiDlJldnr the Project. placiDr the Profect in operation. decommiuioDUlr. 01:
dlspo.ul of the Project. ud oDtaIn.h *.1 aovernmental apprO'f'ab. clrif.ficatu, penalta and.
lie,nag 1riQl rupect theretQ heretofore 01: hereattar paid or incorred b:r tU Authorit7 aDd
'~ay include, In alfdJtion and 1rithout lImitation, the foUowinr;'
(1) "orklnr capital and ruerYes illsuj:h amount.! u may be estabUshed PU1'!uaIlt to tlle Solid :RuDlutlcn.
- (2), lnterest ae.ez.ulnl' in whole O~ in part on Bauds prior to and c1~ cout:nlction
&Dd' for.luch ld.d.1tfonal period u the..Autho~f:7 may rusoD.Ably c!ete~. to be n~uT7 S
for the pl..&clnr of ~e Project or Ill,. facility thereof in cperation in acc"ordance wi~ the pro-risiollS of the 'Bond RtiolutloD, ",
. (8) AcquP!tlon of Initial fuel for each,eneration facility of the Prof<<t and work..
lng capital and reserves therefor and 1rorJdnl' capitalud reHrTaI for raload filet.
o C') the deposit or deposits from titl proceeda DfBonda fuued to fhwIc., such.cosb
.in an,. fund or account e.~b11lhed parauant to tbe Bond 'Raolution to meet Debt Ser.
vice resene requlrtmab for Bonds.
0 oCI5) the c1.!pO&it cr deposita from the proceeds of Bonds, iuuK to finaDce luch costa
- In IllY fund! or accounts estab~!hed pursuant to the Bond :Resolu.t1on as resenu for zoe.
DeWala and replacements, ntfl'lmeDt from service, del:ommi"loDlnr or cUapotal of aD,.
.Ineratln, fac:ll!t)" of the Project or contIDrenc!eI, (6l tn.inb11 and teatinl cOltalncuned by the Authority, (7) preUminary invutiption and development costs, tnpeMl fHI, contractcn'.
ieu; com. or labor. materlall, equfpment, u~t:y services and lU~plll1 andlepl and
!lDandnI COlts, (8) ill costs of insunn.ee appUcable to the period 01 cOl1.ltruction, and (9) all other costllncurred by the Authority and.properly allocable to the acquisition and ccnatzuction olthe'Project., im::ludl.nr all costa financed by the IsSUli.llce of addltlcma]
Bondi pursuant to Section SOl, bereot.
0
. (m) "Debt Service" IhaU mun, with rupect to any*period, the anrepta of tha amounta required by'the B."nd Raolution to be paid durlnl(.aid per[~d into my fund or funda created by the :Sond RuolutioJ1 for the 101e purpoae of ~y{D1( the principal (I:oclu.clUl. ~ fund
'installments) of aDd pramiUJD, if any. and Interest on all the Bonds from time to time outataDd.
inS' as the lI~e Ihall become due, provided, however, thd Debt Serriee ahaU Dot iDclude aD3' accelu&tion of the maturity at the :Souds.
.(n) "Enl:itlemmt Shari".han MUD, with rupect to a Parl:l.cipant aad &111 Pow~r Sappl1 Year and with rupec~ to tile,enerat:iDI( fadUties (Incll.ldial'*reIated n&IWDiuion faeUltl.)
and the transmJSllon..,..tam facllltlu of the ProjeCt. (1) that percentap'of the output and servIces of such,lDeatilll' faclUties let forth fa thl Schedule of Ou~ut En.tItlement S~es attached hereto for au-ch Participant in IUch Power SupplY' Year,... the same fU,,. hereafter be increased in accon1&DC. with the provWoDl of the Power Siles Contract. with 'UcA Par*
ticipant, and (it).that parclllt&,e of tranamIsslon aervicu which shall be determIned b7 the AuthoritY durin I( each Power Supply Year to b. allcca1ie to such Partldpant in accordance
~th the provi~ODl of SectiOD 80S hereof.
(0). "Fuel Costs" ahaI1 meaD'aU easts illcurred by the Authority. durini my Power Sup ply Year that ue aIIOC&bI~ to the Acqwsltion, proceuinr, fabrication,. trlDSPOrlatlo~ deliTer
~D.W, reprocwiDl'~ storqe. aDd dlsposal*at nuclear matuWs requIred for the'reDeration facil itla of ~e Profect. Includlng tranueu to reslrves established b1 the AuthorftJ'°for IUch eo.sts related to fllture Power Supply Y~r.!I, leu c:re.d1ts related to such costs appUed as appropri ate in.the dfscretfaa of the Al1th01.ity.
(p) "Parlicipanl:' shaU mean the politiealsubdiviaion. which f.s a party to tb[. Contract.
"ParticIpants" shaD m.ean all poUUcal1ubdh1aloDllIn the State at Gear"a which OWD. &lid op.
era:te electric diatribuUon SYltems to SUTI their citizeJlll, Inhabitants and euatcmers b, pro
'rldinr them 1r'lth electric power and enern' aDd whlch &te partia to contracb with the Author ity Il.Ibllbntially identical to this Contract. The term "PuUcipanta" IhaD Include the *'Pu tIcfpant." and the tenns '*a Parlidpant" or "each Participant"
~all mUD uy OD. of t-ll.
Participant!! or ~dao of the Participants, u the c:a.se ma,. be. "Participant" shall Include lUly commJuioll or saucy of such poUtic.al lubdlYillolI wblch operates or cozu!ucts. or exercflea jur.isdfCtIon over ally essentfal function at the Partlclp&D~s electric dIstribution system.
4
, (q) "Power Supply Year".halJ lI2eln the calendar lear, exclpt th.. t thl tlrat l'cnoru Sup ply Yur lhall belin on the date the Aut'llorU:, has an ollU,ation to provide eItdrlc :power and enerD as determlned in at:cordallce wIth thepTOvisIons of Section 101. hereof.
(r),"Proportionabi Shar'" shan mun, with ruped; to.. Parilctpmt aDd ~ Powa' Sup..
plY Yilt, that percentap ot thl ldlowatb 01' 'JdJcnratt hours. as the call :m.t., be, of each. type of semc. Included in SuppleineDtal BuDfPowu Suppl, which such Pa.rUcfpant!s £t'tjtled to recelTe and tor whleb IUch Partldpant I. obHaattd to,a1' tn each mOJith of a Power Supply Year. With relPect to kilowatts, ncb ::Ptrcenta,**hall be obblned lor each month by clividinl the maximum on..nour intt(raW Colllcident IYltim demand of lUell Participant'. SuppIe-..
mental Bulk Power Supp17 provide4 br the AutnorltJ durIn I the particular month by the max Imum one-hour intqn.tld coIncident l)"'Item 41J!.W1Q of Supplemental Bulk Power Supply pro'Vided by thl AutnorltJ to all the Psrtldpantl dillin, that month. ~th respect to kilowatt hour.. IUch ptl'Clntale tor each month shall be obtalned.by d.1vidlnl the 'Idlowatt ho\\U'l of Sup..
p[ematal Bulk Power Suppl,. delJyered by the AuthorltJ to.uch Partidpet d~nl' the particuJu month by the total kilowali hours ofSupplemental Bulk Power Supply delivered by the Authoritr to allot the P.trtidp.n~ durln,r that month.
(.). "ProIect".hall mean those electric lenuatton and related transmislioll facilities wbich are identified in the Deatription at Project and. those transmission 17ltel21 f&l;mtles to
, which reference is made In 611 Oucriptioll of Prol~t to be acq,uire anit caD.tru(.~d by the Authllrib" durina' the time prior to the Commtrdal Operation O.. t. of the lut of the lenerato tn~ tacUlUe. of the ProSed to be campletad in order UllMet the Al1tlll~rfty*s iDvestment respon.
, ~lbi1i1¥ dunn, IU'ch tlme in connlC'tfo1\\ with any alreement tar an inbllrated b'anlmf.ui.onIYs teJu to which the Authority may be a partJ in accordance with the provfsionl of Section 802 hereof, tolethu with. (l). any m~jor renewall. replacements. :r:ep&U:s, addltlollol, bettet:menu an. fmPz'ovemeats aeculuy. In the 'opinion ot the ConlllltSnl Enil:neei.,to ]ceep the ProJK!
in,oad o:Peratinl condltloD or to prevent a lOA of revenues themrom, (Ii) any major add1<<
tiona, Impro.,.~ents, repairs and modItication. to th. Project and an,. decomnliSiioninp or '
dfsposall ot the Project, requfrtd by aDJ' J'OVernmcntAl I,ency havfnl jurlsdlc.t:!cm over the Project or tar whieb lb*.A~thoritJ Ihall be nlpoMible by virtue of any oblflatle of the Au thority IrlsInl out of any contract to which the Authority may be & party relatln! to o"M:Ier Ihlp of the Prt'Ject or any tadlitJ thereof, (lU) tha.se tr&n.m11u{on slstem facilities to whIch rererU'lce I. mad. in t1te O.crfptlon of Project Illei wlUch are reql1irtd. ill thl oplD!on of the Consult1n1' Enpllftr, to be acq,uirtd and canstructed by the 4uthority on or alter the COI21 merc:fal Operation Oat. ot the lut of the..ener.Uoll tacilltles ot the Project to b. completed in order to meet the Authority'. Investment relponsibilit, after luch Commercial Op~tfOlL' D..t. [21 cannection with Uly Il'reement tor an-Interratld transmissIon.ystem to which the Authorit)' Ibn be. party in accordance with thl provision. of Section 802 hereof, and (h')
'Workin, ca.pl~l requir~ by the AuthoritJ 4udftl' construction of the PrOJect,and foX' the pl&e.
" fnl' of the -Project fn operaU01l tor pro'ridJn, Bulk Fawer~uul1r iri.cludinl Suppleme.n~
- Bulk P~wer Supply. to the Partidpallt.
(t) "Prudent UtlJlty Practice" at
- partJcuJar tlme shan mean any of the practices, methO&i and leta enealed In or approved by a alrnificant portion of the electric utlHty in dWltry prior to IUch time, or any at the pract!ces. ~ethod. and aeta which. fD the uercise of nuonable jQdpaent Inlllht of the tacit knowD atthe tha. tbi c!edslon was made, could have b~11 upected to accomplish tbe dufred relultat the -lowest lelion.ble cost consistent w1th pod buafneu practfcD. reUa'bIUty. tatet7 and L'tpedltfon. Prudent Utillt:r Practice 11 not Intended to be limited to the optfmum prat:t!ce. niethod or act to the ue1waion of aU others.
bllt rather to.be a.peckum ot pouibJe practrca, methods or aell ha'lrlnr dill l"el'ard for maDuf.durera" warranties and the reqrtiremenb of IovemmenbI aaencies of cOll1pttent
Jurisdiction. 1n evaluaU~r whetA..' &Dy.~t or propOial conforms to Prta4ent Utnlty Prac tice, the parlJa.ball take into account the objectbe to achIeve optimum utiliution of the' AuthoritTl ~ureu.
(u)* "Supplemental Bulle Power Sapply" shall mea.n, with rupect to.. ParticlpIDt, that portion of Bulk POWIr Supply required br.uth Participant in txct;Sl 01. tlu.t.~pp]IlI4 'from the Project and, utila. otherwlse*proYid** from aD11uture proJecta owntd. or COD.f:roDtd. b7.
tha Authorit,' trom which the Participant contrKta with the, Authority to pur:chase ~eetr£c power alld enna and bi excess of the I'eneratlnl upadty raerft lerYlc!. tranam.l.ulOI1 Ier~
vice. Icheduled, emer.ilDtY. or leoDQmy' iltlrcw,e IUVlce, and luck other..met auocl..tl4 with the Project aslhall be sUpplied by the Authority ill' accord~e wi~ the proVldont o:f Section loa. hereof.
(v) "Ullcontrollable Fareu" meaJUI any caUIe Dt101lcl the Control o:.f the Author~t:r,..bleb.
by the !.'Clrelle.of due dlUlenee th~ Authorltr Is unable tc prevent or overcome, lDdwltDl' but not limited to, failure or refusal of &DY other pcnoD or entity to comPt:r with thm exlai:[q contncu with the Authority or with a Parttcipant. all act of God. tIn. flocid. axp1oaion, strlke, aalJotaae, pestUenclt, an aet of the pl1bHc elUtrny~ dnl aDd military auth/)rif:r fndud.in8' coart orders. hlfuncUoDl. and orders of ronmmelltal a,encies ~th proper jurbcUctIoD, 1ft..
Sw:rectiOD Or riot, aD act of thlt elementa, failart of equipment. or fnablUt;y of th, Authority or my Contractors enp.ed. in work on. the Project: to obtain or ahip materfals or eqaipmeDt becaasa of U. efleet: of.Imllar callies 'on aappllll'l or carrlen. or fnabtlb' of.the Authorib' to sell 01' 15111. Itt bonds or nota.
(ow) "UnIform SYltan of Accounb" melD5 the Uniform SyatLm of Accounts for C1au A
.and B PubIc UliUti.. and LlcUllLeea as prescribed IUd; frOM time to time. as a:meDded or modified. or sub&tit~t:rPtl therefor made br the Fe.4m] Powe~ CornmLss[on or,its IUCCllIOI'*
ARTICLE n CE,RTAlN OBIJGA'TIONS OF TKE AUTHORITY A.ND TIm PARTICIPANT Section tOL *Bulk Power SuppJy.
~ Authority'sbaU provide or cause to be provJAed aDd the Puticip~t shall tab trom t'he Authority the BuDc Power. Supply of the Partldpant. The A1lt1iorib" will 2M rapoll.l1"'ble for plannin** ne.otiatltll'. desining, fInandnr. acquiril'll or constnJl:tlna'. eODtractm. for.
admildlter~ ope:ratfnr. an4 maintainfnt' all,e1l.lntlon &Del trantmIuiOJa an:&Jipmcta and f&Cilitiu nllCUAQ' !oG effec!: the deUvur a!'ld sale of IUch :Bulk Power Supply to the Par tfcipant. provided, bowever. that the Participant may procure aJtel-Data boIk: po,... nppl7 rdOUr1;1S punlWlt to the tl.rID5 of S.c;tf0ll404, hereof.
j SeeUon202..A.DnualS.1ltem Buelltlt'.
The Authority will pnpil'l and submit to lb. Participant an Annual Sy._ Badret at least nbletr a..,. prior to the h_!inniq of each.'Power Supply Year. The Putlc1l1ui may the}lltuhmlt to the Allthoril;y.. at; UT time untU Buell budret is adopted; aD7' matten Or IUI'~
- tlona rtbtial to the Budalt: wblch the Partfdpant'ma7 are to presmt. The Anthon..,.
shall then proceed. with the c:ouideratlon and adoptf9R 01.ltch BQci,et pot lUi than thtrtT'I101:'
more thaD fort:r-fiv. daYI prior to the btaizutlq of lIuch Power Supply Yur aDd a1Lal1 caua coples of lucb ad.opted 13ud.et: to be deUYVed to the 1'lrticlpant, proviald, howevtl', the Eud,;
et for, the fir.st Power Supply Yur ahaU be prepared. coD.Sidertd, adopted aZ1!l dellvu:id. In 6
e, the moat practicabl. manner available In the ducretion. of the Authorit:r. AA required from time to time durlnr any Po\\\\".tr Supply' Year a1tu tbfrty da,.. notice to the Pa.rticipant, the Anthon*, mal" ad.opt ~ amended Annual Snte.m BtulreUor and IppUcable to such Year for thertlDlhldll' ohuch Year.
SccUo1l201. Jtapon...
'lb. Authority will ptipari and illu. b:! tbe Putidpanta the follOWitlr npartl,each lllonth of the PO"'1: Su:ppll" Year:
(1) Finandal and Oparatinr Statement reJitlnr to the Project and to the Supplemental BWkPcnrerSapply" (2) Status of Arm~al System Budret:.
(3) Statu. of CO%1Structfou bud,et of the Project durina construction, (4) A.lysis of operations reJatlnr to the Projed aDd to the Supplemll!lltal :Bulk Power
~U'Pl'ly*.
Sec1.tcm 20C. Rec:ords and Accoull15.
The A.uthority wW k..:p accurate rec.orcll and accomts ol each of the fac.illtiu c:ompri1lnr the Project and of the trazw.ctiO'DI ulatfnar to the Supplemental Bulk Power Supply 1.1 well u of the operations of thll Authority tn aecordu.ce' with the UnifDnll Sylfam of Account&.
Sald.. c:count. aball be subject to au atUluil ~u.Ut by.. finn of indtpmdat certifted public aecounbDts experienced In electric utility lccountlnr and of Datlonal repub.tl:cm. to be IUb.
mittei to th, Authority wfthIn sixty d&71 after the doll of any Power Su,-p17 Yur. 'All trJ,I1IlctioDi of the Authority reJat!nl" to the PlOject and* io' th. Supplemental Bulk Power SlJPPl1' with ruptct to each PO'Ku.SuPPi7 Y.., &ball be lub1ect to IUclt an audit.
seeUon 2Q5.
CONlultlD~ EDpneu.
Ca) ".l'he Authority wln'reta.ln a c:ona\\llt1'~ eqlJlftr to l'Ssllt..dvil, aliI! xnake l"tiCOIJ1 mlndatlONl to the Authority on matten! re.latiq to.tric pow., 'tnvatl'on. tntw::a!u!oa, powu eupply, Ilectrlc utruty operat1cms, fata aDd claar..... feaslbmt:;r IllI1 budlata aDd Ihall
~UH such. cOD,ultin. eqineer to pnp&nl wtthJ.D one h1lDClnd and tWen1:7 dq. followbsr the
. elo... of w:b Power Supp". Year an aDDua140DI:Pl"eh.nsl.... enainllennr repcrt with raped to the ProiKt uul. to the SuppIemsW Bulk Power Supply for: the fmJll4!dlat.l1 precedlD, PO'Wer SuppltYur which shall c:o.Dtain*a copy of the annualludlt.bd which shall fndcd.e:
(1) A report on the operatlona of thl Authorit:1; (2) A report Oll the muaClD1ent a/. tht *ProjKtj, (3) A..report OD th~.suf1S.cIe.aq of*rat.. ~a ebara-a tar l!ni~e:t~
(4) A rtlIoz:t on l"equirements for fature 'bu~ power lupply:
(5) ReeoJmnendatians IS to c:han..es in operation and the maldna of :epain, renew..
all, ftplaclmab, It.XtWiODJ, ~ttermelltl and Improvements; and
.co 'A. pro1ectlon of the AuthoritT.t cOlts of pro'ridinK the B..dle: Power Suppb to aU ParlidpaDiI tor the eDlnuuc tive 7ear perIod.
(b) 'ne Aa.thorf'f7 shall cause & COllY of IIl4 tl:Iriueerincreport to be de1Jvered to each Partfc:iPa:t1t..
,e Sedion 206. pown Sltpp.., PJannbI.I'.
, The Parlicipant wiD Eep the Authority adTiled ou aU lUtters relatiDr to the Pa.rticl pant" powar supply pWmi1'l1' includJnr 'out not Umited to load forec&Su, prapoled tra:ru m.i!aion and leneratlon 'additfou and new delivery points.
Sec~lo~ 201. DilillnCL
, Th. Participant will exerdse dm,ance in the opera:tlon of ib electric I1Iteai with tlla view of atcurinl' e!ffdeftC)' in. knpi11l"'l'lith Prudent UttlltY Pr.actiOl!. wiD coD.lt:nsc:t Its f&eUi tits maccordance with specifications at leut e'lual to those prescribed b.r the Kal:fonalElec..
hie Safety Code of the U. S. Bureau of Stal!.dards, will maintain ita Unll at an times m..
safe opir&tfl1l conditioD, and wfll'opuat**ald linu In auc\\ maDJUr II IICI~ ta iDtedere un..
du.ly with the operatfolUl of othars. Tbe Participant,wlll us. rl.ectrlc IIn'ic. eq,ully.irom tlU three phUd as nurlr..~ble anel 'Will _muln a power factor of 89.*,.'laalq or aucb I'ruter power factor a.s my 'be arned upon 'by the Participant ill the lirbt of any other eo.n
'trlet betWeen the Authorit:r awl al11 other party. and such arreement br the Partfcipant shall not be unreuoublr withh.ld.
Section 108..Accus.
Particlpant lrill,ive aU neeewry pe.rmlulon to enabl. the apatS of the,.Aatborll:y 'to.
carry out this Contract and 'I'Iil1 otheml' b. subject to applicable tU'Dll and coadLtions let forth In thole tariff' "hich affect thl PartlclpaDt alld which an fUld with ~ lederal Pow er Commission. The.Authority and the Paritcipant each 'WiU riye the other the rlrbt to enter the premises of the other at a'I1 reuona.ble.tfm.eI !qr the purpo** of rl'pairlnr or remo'finl'
. fac1UUu, rudlnl' met** and performlll1' work fncIdental to deU,.ery a1'ld receipt. of Bulk Power SUPPb'.
Sedion 2D9. Adju.sh:ntat ol.l:llWnr.
.At the end ~f each Power SuPplT Year the Authority shall determine Sf the aWlPt.
, amount paid 'by the Pllrtlclpant u'I1cler Sections 307 alld 4.03, hereof, to prt1id. reco¥U1 at.
&ll the Authority's coebl durinl' Illeh Power Supply Year was in tlJe proper am.otUl.t.,alid, upon the makinr of such determination, any amount found ta have buD plld by lb. Par ticipant in ued. of'tbe lU'Oount which should bav.e been paid. by the Participant I'haD be credit ed OD the BiDiJll' Statements to tN! Participant for the remalniDI' month or mol1th.t of the Power Supply Year nm sueeledinK the POWel" Supply Yelr for which ~h &d,futmnt.......
dldermined to have been necusary. Ten ~Il\\t of thl amount of allY def(duCT,JII.alI be added to each of the JlL"d ten lUUIDIr Statlments. In the nent that t!A. failure af & PuUci..
pant to par its,Entitlement Share of AnnUlI Projlct COita In aCcordaDca with* Sts Power Sales Contract ahaU 11..,.. ruulted,lD the appUcation of amounts In al11 r.erve or worJdl1l',
had under the Bond ltuolutfon to the plrment of costs payable flOm.uch reserve or work..
Inl' fund and the oth.. Pad1dpants.han bave made up the'defideDC7' eruted br auch. appU..
cation 01' peJd additlonal am.ounb,frtto each reserve or wo:ldnc fund, amounts tlluuftar -paid to the.Authorltrb,.ludi nonpayfn, Partlc1plllt for application to lum paetdu. paym.ellta slaal1
- b. credited on the BilllDar Statemeats of such othtt ParticIpaub in the next m.onth or tnOl1tha as shall be appro.prlate..
Scctfon 210. Dbputtd lrfonthJy BWlnr'Slafe.mtnt.
In case OJ' part(OIl of any monWy-BilU~ Sblement' reeebed 'by the P&rl.ic[pant tram the Authority, shall he In hona tid, dfllpute, the PartlclpaDt shall pay the Autbotft,' the fun amou~t of 3uch monthly BiUfnS' Statement. and, upon detumlnaUon. of the correct amoWlt.
8
e tht. difference belwem suth correct &mount and such full am011Dt.lt any, will be credited to the participantb1 the Alltborlty after such detU'minaticm. In the "eDt BUell mOl'1thlr BSlllnr State.mellt II III dflputa, the Authority wm live r:oulduation to sua dIspute qd 'Will advise the Parttdpant with Alard to the AuthoritT. paalticm relatty. thueto within thf..rty days follawf11l ~tten noHflC&tlol1 br the Participant of IUi:h dflputi Section 211. Sources 01 PuUclpl1l\\', PaJl'lldti.
'l'he obUptl01\\l of the Partfdpant to nuke the llQ'Dlmts to the Authoritr under this Conb-act shall con.rt:ftute Il1Itral obll,ation.a of the Partidpant for th, parmen.t of wbtell the full faith and credit at the Partieipant Ihall be an4 the lune herlbJ' fl pledpd to provide the funds required to fulfiD. all obU,at:{ollI arlaiD, under this Contract. Unless aueh payments or provil{onafor luch P&1t1UJlQ alull haYe been mad. from tbe re~enu... f1l the electrlc 11'"
tem ol the PutidlllAt or from other funds thereof; tbi Partfclpant WJll annuaDJ'.l:n each IAci every filcal 'lfr "orinI' the term of thil Contract Include in its ;enenl. 'reYlD;u6 or appro
. priation measure, wh6er or not an;y other items arl illducfed. IIDIS.utflcient to ut11fy thl P&YIDnta raqu.ired to he made in each,ear by dd. Contiact u~tn all paYments requirld un.
der this Contract haYe Hln paid in ful).; In tM event for an, R&IOD any Illth :pro'riaion or appropriation il l10t made for a fiscal ;year of a Partldpant. then the chief fiscal ~ff!cer of the ParUdpant IhaU.ln accordance with the provilloD.t of the Act 111 affect &I of the date of thfl Contnc!,.et up.. an appropriation on the accounts of the ParUc:lpant In..ell fiscal
,ar the amounts reqUired to paT the obJfratio1'1s callecl for un4er thIJ Contract. Th. amount of the appropriation In IUch fillCalyear to ~Iet the ohU....tiOlUl.of th!a Contract shaD. be 41.1e and p~yabJe aDeI ~aU 'be u:penc:!1<! for the purpOie of payiq and meetiq the ohliptionl provided under the UrDSl and conc!.ltioDS of thII Contract. and IUCb. appfopriation shall h..ve the -same
. Jepllt&tua IS if the Paztfc:iput had hadud.a the amoant of the appropriation in Ita renera1 revenue or appropriation m..... ~re.
~ctlon 212.. ",te Covt:rl&nt.
The Participant will uubUah. mdnlaln and. collect rates and cbraes fOr thl electric serric:e of itl tletric IYIUm so &I to pro~de ravenae. aufflden!, topth.r with a.....nabll elec tric system resentS, to _btl lbe Putfdpant -to pa;y to the Autboriw all amounts payahle under thSs Contrlc:;t and to pay a~ other amounts payabl. from and aU lawful c.bu.u alalm or HUll on the revaues at its eI~ qstem..
ARTICLE In ELEctRIC POWER.AND ENERGY PRO~ 'l'KE PROJECT Sedlon'301. OW1lfl'll'tdp' ot Project:
The Autliority-will JIIUI the :Sonda in leriu 'from; time to time undu the Bond Reaolu tion to fJnlAct and shaU eft the Project cou{.tfnl' of the Authority'. ownersldp lnterut fA tlla..mention ad traftS.lbJllfon facilities elacrlbed in the Ducripticm of Project attached to thl. ~1Itri.ct anel wm call** to De del!..arec1 to the, Putidpant durinl' each month of each Power Supply Tor IbI ElitStllJDdt Shu, of the output and*.ervices of ueh la.cWty ot the Project tar the useful Ute of each Inch f~Ut::r of ~. Prol~t.
Section 302..*Cost.. 01 Generation and Tran.sm!alon F.dlitfes Comprilhlc the Project.
(a) Those renuaUon and transmw[OD. iacDltiu compdsfn8' the Project..ru. for purposes S
o! accoOlltillr for the Autborlty's costs and churlS to the P~ic:iP~~tsl be.separab!4lnto (0'
,eneranon a.ru! related tnnsmisstol1 faei.llHes, &Ild (U) tran.sll1i.!lllon qstem fadllties;
~
(b) The AutJ}.oriQr'.-COita of llrovidinr ta' the PartlciplJ1ts their En~t1emellt Shares of
. such renention u.d related trau.zzUSiton'facllJtres I.t ll't mc:Iwle4 11:1. the Projl.lct will1:Ja ae-.
counted. for u descn'be4 In Secl!OQ ~8('b) hettof,IDd.
(e) 'nIe A~thorily's'cOS" of PtoYidinl to the Participants thlir EnUtlem.nt Shatu of IUch tzansmtnloft IYStelll facilities al are In.dudlll in the ProJl!ct will be accounti!d for u desC%J"bed In Section 306(c} hareof. and will be detemained u follows:
. (1) Such transmission sYltem !aeWtleI ~ are lneludeci [n the Project wW be I.cquJred
. by the Authority fro= time to tfme!or the term of thlI Conb:t.ct throl.lJh plrticlpatton.
in an ln~lP~d tn~"'IOll jYltim lp'Iement...nth other ytUltiu. The Author!ty'.
bu'tst~ent nsponsibUlly In Nch tmlLlmfslion Jyltem facOidu for aDJ Power Supply Year will H that pe~entace of tba total inYlltment In the combined tmnStlll.uioD aystem facUltia of til_ Authority and sucb other utilWes obtalnld by diYidin. the demand ot total *Bulk Power Supplf ptorided by the Authority tet all the Paiticip&nu durinl such Power Sgpply Year by the combined demands of the Authority and such other utUlties dUMINch PoW'ez: SupplJ Yeu and expressinr the rnJ.Llt u a percen*.
'l'be Authority', resporuibDJt)' for annual capital costs telatinl to renewall. rtpl&ce
!Xlents, repain. addltfoDJ. bettAtrm.ll'lta and improytmmtl to and tor annual o~tlrli costs of such transmission sYstam facUitles fer any.Powlr.Supply Yar wiU be the*
. annual ct.pltaland opentinl co.alncw::red by tha Kllthority for Neh facUIties.
(2) In the eVlnt ~ Authority aaum.u ruponstbiJity for tr~smistron of the Partlc1 panta' aUo~m.nts oC SEPA POWII' jNmWIt to II'ftllllmmts lor ~hlc:h proyiJlon* IS mad. ;n Sections 803 IU1cl 8Q4 hereof. lbw Authority'. fUPonaibillty far inyqtmlnt In.
and aQDu.al capital and operatfDl' cowtll of, Neh mDlm.1ulon system'facilitlu ILCCluked by the Au.thority bolD time to *tbnl throulb putldpaUon In I\\4ch intllpted tram mi:uion system Ifteement !n111 be meftUld. T~ Authority's inyestment responsibnity in such inaeaed transftlilslon IYstamf&cUttiu for any 'Power Supply Year wm be that pucl!ntap 'of the total Invtsttnent iii the combIned tnnsrilislion faciliUes of the Authority and such other utWtiu obtalned by dividinr. thi demand of such SEPA powlt plus the dJlma.nd. of total Bulk Power Supply proYided by tbe Authority to aU thl Pa.rtictpmtt durin, RIch 'Powlr Supply Yeu by the combined dtm.nds of the Authority arid such olbel! glUtti.. elwin, such Power S~pply Y~ar anel IxpnaiDl the relUlt u a pm:entap. Th. Authority'. rllponsibUIly for annual* capiW costs r~latfa. to renewals, replactm.nb, repain, additlonl; batterments and impfOV1!lDenta to.nd. for annual opentl':'ll costa at lucb Encreutd transmission lYiteru f.cWtin for lUly Power Supply Tar will'be th~ IJ?nual Capital and ope~tinr c:osts Incuaed bJ the Authority.
ror StIch facilities.
Section 303. InfercoMlcUon Arran,emenls.
The Authorl,ty will purchue or providesucb,eneralinr capacity reserve StETleR,. trans
- niuron lime.. malnteDance semce, emerpa.ey lervic:e. ecoQ01llJ' interr.hanrl semel aM other fnterehup aemu Ulot:iated with the Project as may he nec:essarr for the nUable aDd lConomlcallllJlpJ7 of the output and. ',rv-Ices of the Project.net wiU caus. to be dtllYerad to the Part!dpant d.urina' lach month of the Power Supply Year lta Entitleml11t Shllre of.such o~tput ud. urvfc:u. The Authority may USe Ilectrli:.DUIY frorn the ProJect which fs aurplws to the rl(lulrlmtllts af the Par~idpant.s, U IUch.I1lrplu.s may be.va1labJ. from tim. to tfmt, for the pllr:pOS' of economy Inte.n:M.nrl alrvEce ar ather fntuchaure Ilmea with oth._n,
.nd Any l1et r.TlUues nc.{ved by thl Authority fer any such umee. shaD. be ared1*1 to the ParHdputli by th~ Authority fn prcp~rtlen to their Entitltm.mt Shares.
10
Secllol'llOL Operatlon ana MainlenlU1c"
'.I'he Aut'horl~ covenants and IIon'es that it wID opuatt, maln~1n and manal' the Pro ject or cause th.I lama to be operated, mamtamel! aDd mana:e4. in all df!citllt Illd <<OnDm*
Seal mauer, CQl1Ii~te:Qt with Prudent UtlUty PradJ~
Section aDS. Insurante.
The A1Ithority pall maintain or e.a.UIt to be maintained. tn forti for tl!e benefit of the ll..rtlea bento, u thtir interest shall appear. u COlts of AcqQuitioll. and Collltradion Dr An nQ.I pi1JfeCt Costs. Inch iDSUranc.a 'With ruptct tD the Pro,ed as shall 'be avaUable ana AI it UsuaUy carried b1 atlUtiu eOll.ltnictilll anel OJIUatillr renuatini fadUtiu bat, in the ~I of lluc1u.r,meratilll' faclliUn. 'not lesa than win laUd, th!t req,u!re.me:ats of Ftde:ul mel.tata Jaw and. the Nuclear Rllulatory Commission rtJUlatiou a.nd such othar lll.lura'Dce as rs usu all,. carried bY electrle Utrutlll in co.DformltT with Prudent Utility Prac.tiee~
SectIon SOl. Cha.r&.s IU1d Bnllnp, !or lh, ~ojKt*.
Ca) Thlt AnthontJ will establish fair and nopdberim.inatory charlll for.n outlJut and
, aervfca pro'ffcll4 by the,Authorlty to the Participants re1atlnl' to eac:h fadUty of the Projed; dullDed to reco'fl:l:' all of the Authority'. cOsts aDoeable to nCb facility commandnl' with the.
Commerdal Opuatlon Date 01 such facility or the date to whJch interest has been capit&lbtd on Bonda alIocable to Iuch facility. whic:hner Is the orlill'*.II let forth in the Am1ual SJStem Bud,.t, or the amended AnnulI Sntem Budllt adopted bJ' the Authority PUI'Iuut to Section 202 bll'eal, and. auch costs shan IncIuda Annual Profect CosU.
,(b) Tht.A.nnu:al Project Cost. allocable to the l'IuU'l.tfon and. related tralWDlAion fldJ..
lUes of thlll'rojeet shaD. !liduda at lust the foUoW'ilir items of c:osts,a:od eltptnae:
(1) "A.lIlus.a\\ Proj~t Generation i'b:ec! Clarzu.II 'Which jneanl:
(A) the' amount 'Wldch the Authority Is required under the Bond ltu~ltrlioa to,aT or dellas!t iJlto.Iny tund or account utablIahed by the Boad R..olutfon for the PJ'JDent of Debt Service md any reserft requIrements for Bonds wbic:h are aUocable to (I) the,eneraHOD and related trlllWllission fadUtia 01 the ProSed axul (6) the workilll capital whic:h Is required hJ flui A,athorit.!' tor praridin, Bulk pow er Sup.P11'. Indud.fll,l Supplemental BuDc Power Sqpply to the Part!cipants amd which.
fll a!locabla to the aeneratlon and related trDlm!sdolltadUtiu 01 the Project;.
(B) the amoimt (not othenr.ise included. utuJar any item in this Section S06(b>>
aUoc.able to tha.lFllIeration and re~a.ted trallSmlulon fadUU.. of the ProSect which the AutlJorit1, ia reqtlired under the Bond ltesolutfon to pay'01' depOllt dunn. IUch
,Power SIJpp17 Year into any other fund or account utabUlhed 'b7 tb. :Bond Resolu tion, and sluLll1uClJQd., 1rithout Um1tatlon, inY INch amoub required to mab up In, ddIc1ency In &Jr1' flluve fund or 'WorJdZlI' tuud required or petmittC 117 the Bond Reaolutlon rf.lult:rnr from a default ia paJ'lllQtI by aDT Partidpant Of :Far*
tfd"p&nu of amounts due under ita or their Power Sales Cc:nrtracts 'With the Authority;
,(e) amounu. which the Authority is requited. under the provWoM of the Bond Resolution to paT or deposit Into a rllerve' fox ren.wala and npJacement.;
(D) amouts which must be ~eaiked b,- the Authority for covera,.e of Dibt Senic:e aa nuly be required by*the BoDe! Resolution;
.(E) amounts whfcli must be set uide b,. the Authorlt:r fer the retIrelllent from 11
lIuvice. dec~wuruionin~, or dbpos&l of 'the leu-ation fa.cilitfu of the Project as "
msy be 2:equlred by the Bond Resolution; (F), amount. which must be paid by the Authorit7 frrr the purchase of ament inr c:apacltr reslrves for the Project; &lid
,, '(G) &mOunt. which must be p&!d by the Authorit7 'lor the purebue of trlJ1SU1ia..
,ron luvfci for the Project; and (2) "Other Annual Project Genar&tion Coats," which mens:
(A)' all cost. of pr04ucinr an4 deUverillf electric power and IlW'IY from the Project &Del providlnsr the Pariicfpanb' EnBtlemmt Shara UlducUnr. but not limited to, (I)' Fuel Coati and other ordinary operation alld,maintenance costa aDlS ~rori~
alan. for reservu therefor, admlnfstralh'e and reneral costs, b'ulurUU:l, overhtatl aDd anT ~u payable by the Authorii:y in COJll1tction with the output of the Projec:.t, (il) net COlts of scheduled, emerrlncT. economy or other interthanp I~' incur red by the Authority In connec~oD with the Project. Ind (iii) aU operation and mala.
tenance cOJb related to the operatina and conductiq of the buslD..I of tbe Author Ity Includinr salaiiu. feu for teral, enflmum,. and other services LIld aD other expensuproperly,rel&ted to the conduct ot thl Iffain o,f tbe Authorityj and (B) amounts required of the Authority by thl provisIons of the B!lnd Rlllolu tIon to pay the'coat of or to provide resuves for (I) extr~rdlna17 operatinr AlIa maintel1AnC!e COlts includiAr the coati of scheduled, emuIlIlcr. or othf 111urchanp senice and the preveDtion or correctlon of In)' unusual tOil or damare to keep the aeneratiJll' fuiUUes of the Proj~t fJ!. Socxi operat£n. condition, or to prevent a loa of revenue therefrom, (In an)" major reneWals. rlplacemlnl:s,'repala, ac!dltlOlUl. 'bet termlnts aDd ImprovetDll1ts nICulary, iu the oplnlou of thl CoaaultlDa EnriAeer. to keep thl rmuatlna facmUu of the Project In rood opuatlna condition or to 'Pre vet a loss of revenues therefrom and" (lii) any major additions, lmpro.,.ments. re pairs or modificatIons to any sucb leneratIDI fadlity, or anY' deccnnmislioDfncl or disposals of allY.uch canlratinc flcUitT, required by any ro,.,rnmetLtal araney h&v~
ina' JurIsdiction over the Project or for which the Authority 5hallbe respoulbl,by virtue of Ill,. obliaatlon of the Authority arisina out of any contract to "blch the Authority ma)" be & partY retaUnl to o~ershlp of the Project or an,. facnity tnare of to the e.'dent that tbe Authority II Dot re!mbW'sed "therefor !rom the proceeds of inaurance or fand. for auch paymect are Dot avanable to the Authorltr therefor from any fundi or accoun~ tltabliahed under the Bond Rlsolutioll. 01' t'unc1t for IUch payment are not provided or, to be provided by the issuance of additional Bonds punu~t to Arl!c1. V of thiI Canlzact.
(c) ~. Annual,ProJect' Costs aUoc:abJe to the tratl~miuion Iystem fKllltlel of the Prajeet,a&'U Include at lealt,the faUowinr Items of costs aDd expense:
(1) "A~uaJ Project Trausmisslon Fixed CWlt.S." whIch means:
(A) the amount wbic:h the Au~ority Is required under the Bond Reiolution to par or'depaait Into, illY fund or aC!cOlJl!.t ub.blished br tbe Bond RHolutfon for the pannlnt of Debt 5ervlat and allY reserTe rlquirements for, Bond! which are aIlocable to (i) the tran5miuion sy.bm facilities at. thl Project alld (Ii) the work.
Inr e&pit&r which Is required by the Authority for provldfnr Bulk Power SlIppJ,., fn clucUl1~ Supplemental :Bulk Power Supply, to the Participants &lid whIch is allocable to thl transmission system facilities of th. Project; 12
(:8) the amount (not o&erwis. fnc.tvded under &IIY Item of this Section 306 (c>>
aUocabl. to the tUDmiiaslOll 'Yltem :twUUa of the Project ",hl.ch the AuthoritY is requtrad UDder the Bond Resolutloll to p.. y or deJlOaft durfnr.12Ch Po'Wu Supply Year mto &2Q' other fund or lecount, ut.a.blilhecl by the Band RuolutfOD, 'anel shan fncIud., without lhaltation, aDJ' luch lln01mta requlrm to make lip &l1.J' dcOdac:r hI lSU' rt:SeI"It fUJ1d or workfDr1und requlrtd or pem.lt:ted br the Bond llesolutlo1l rawtmr from a d.,a\\Ut in payme.nb by uay Partlcfpet or Participanta of amol.1Uts aue uDder its or thtlr Power Sal. CODtrac:ta with the Aathorltri (C) the I.Jl'lO'Imt wldcb the Authorlf;J' II I'~uired uuder the previllous of the Bond ~olution to pi.J' ~ deposit Into a rl!.Serve for J:ID~w.ls and replaeernenb; and (D) amounts which nUlIt be realized b, tht AIrthorii,y for eoverait of Debt Service &.II 1Jl&.,. b. ~ulrtQ by thl! Bond R&solatlcm; and (2) "Other Annuli Project TraJ)smissi021 CoW," which means":
CA) amounts for ordlnar.,. opiraUolI. aad ma[ntenance COlts. administrative and Kentral eDIts, mauruce, overhead, anel any otblU" charres,.,able bJ' the Authority jn couecticm with IUch transmi.u[on BYltIm tad1ltiu, Inducibll' aU credits due to Partrdputs with respect, to elel.[very point transmission faciUties; a.ad
(:8) amounts requlrtd. of the Authority by the provisions of the Bond Reloiu¥ tion to P&1 the COlts of or to,rovSd. reserves {Dr (I) utrlordlnary operation and mafnt.trwlce COl"'. ineludfnl' the prevention or c:ornction ot any \\1l1U1uallon or dam *
.... to bep the tra.n.mUI.doIl11liem facilities of the Project in,ooG cpuatln, con "ditfOD. ~r to IIrl'fmt,a 1011 of revenues thudrom. Ull anY _Jor renewall, replace.,
menu, repairl, additions, tlettermenb and improvements necessary, ID the opInion of. '
the ConltlJtm, Enrmeer, to kttp the tnnsmiaaion 1l'Itcm fadlItl. of th. Projed:.
hi Jl'I)Or:I oparatiq conditfon Dr to pre.,ent & loss td re.,enues therefrom and (iii) a.ay major, aeldltlcms, fmprovementl,. repldr., or modifications to illY IDeb tra~io~
f&dUty required b, any I'ovemmenula,enel" havInr jurisdiction ower the Projeet or for which the AuthorltJ shall be respoludbJe b.,. virtue at 1111 ObUpt10D of the Au.
thorlty arisfnl' out ot any contract to whIch the AuthoritJ maJ be a parf7 reIatinl' to ownenhfp of the Project or anY fadUty theteof to the L'CteD.t that the Authority
- f. not r.. lmbuned tbuuor f'r0JJl the proceeda ot m.ura.nce or funds for. luch p~
Jl1ent ate not &'9'.uabJe to the Authority therefor from 1111 fun.u or at:Counbi esta.b Jishecl und.. tho ;BoDd ReaolutloD, or tunds for Iuc:h pa~'llt are not provided by the bsuanc:e of addItional BOlula pUrlU'lDt to Article V of t~ Omtract.
(d) Th.- AutlIorltJ aJiall bill tho ParticIpant each month durinr eieb Power Supply Year bT proridlDr the P&riidp&Dt with... BlUing Statement for I,uch mouth In accorda.nce with the ch.u... e.stabUshllS PIU'S1lI.Dt to th. provbfonl of thts Section 806. Such Bflllq Statement shaD.et forth. &mOll, otnu thIn.., the Iwn to be ;a1d for.Ilcb month 1:17 til. Putlcipant 101' its Ent:itJe.mmt Sbu. of the Project output and IUviclS. and l11th sum shall equal the
~&1'Udp&Dt'1 ElstftIemfDt S~re of that amount of Annual Projce~ Costl, as..tlmat.ed {II. the tho current Amnlal Sy,tem Budpt, whlch the Authority II requJred pllr$uant to the Bond.
)tuoJutfon to acen, payor lit allde durinsr esch montJi. Such monthl, BilUnr Statt..-nmt
',hlU f.,nclud. a credIt far IUeb deU.,ery pOint tranJiml.ufon iaelUtJes as ari OWfted, finaJu:ed, or operated by the Partldp&l1t, and such BUlini' Stateznent ahall be pard by the Part!dput on or beforl.the tenth d *.,. from the date of such bDl. Amounts due and :aot pdcl by the Par tfeipallt on o~ before.aIel day IbalJ bur an adcUtlonal charp of one and cmI.ha1f peree:ut per month u.ntU tile IlXIOunt due Is paid in full. At the e.ad of each Pc"ftr Supply Year. &diuri mcUl at bWlnI'.hall be mad. In accord.n~ with Section 209 hueot. It tile Part!dpant pays 13
l.ca.s tlaaa the full amount. due with respect. to a Billinr Statement:, th. parl:lt.1pQ'IDI11t 10 :re ceived shall be applied fint in discltarre of the l'art:icipant's oblfral:t:a to pa,. its EIlUtlamt Sb:ra of th. Annual Pl'oJtct Costs..I provided In tbh Alticle mbatore an1 tm.ub:t:rom such partial PJ)'ment. are appUed to.~. dlachar,. of the Pl.rticip&~t" ob~at!01I.I ades: the :pro.
YisioDi. of Arlic1e tv henot..
Ce) At'such Umes.. the Authority issues addltfOZlal :BoDdJ [n 1eC000dance witb. tb.e pro vi.donl of.ArtIcle V, hueof, the A.uthority will !:ocr...e such elements ot,A=uaI Profect COlts u are necessary and the Partidpant..hall pay. ita Entitlement Shan of such iDcruse4 charps P~IUlJlt to the provisioa. of Section 801 hereot.
SecUoll 807. Project Entitlement and PaJlDe.nt ObUplfontJ.
, (a) The Participant shall be entiUed to receive its Enf:ltJemmt Share of tluI'output ad tranamission.erric.. of the Project and of all'lvvices l'ro'rided by the Authorif;r fA IIC-cordlD.C! with the pzoviliona of Section aoa hereof, u m&J' be available tor tha Ulet'ul Ii::Ce of the Project.
(b) The Participant shall pa7 it" EllUtlement Share of AnnualProiect Colts let.forth in the mouth!,. BilUJlg Sb.tenmta lubmitted by the Authori17'to the Pa:tldpaat In accorc!
laee with the provision. of Sect10D 306 hereof, whether or not the l'roject or UlJ'pa:zt tb.er...
of has been comp1eted, is opuatiD&, or olHlrable or ib output 1.1 suspended, In~pted, in tutved with, reduced. ot' curWled or termInated in ",hole Dt' [u pari, and IUch pl.J1U2Lb
.hall not be su~lect to reductIon whether by offset or otherwise and shall net be.coJldl'tlol1'"
'&1 UllOA th'l1erformaJ1ce or noaperform.lllce by ~ay partr 01 &117 ap1!euw&t for IUl7 cause wh&~.
SectIOn 308. DelermL"1aUon of Parttcipant*1I Entitlement Shares of. TtaDsmfsatoa S1ltem F...
i:Elltl~ Iuclulled In.tho PrajecL (a) With respect to t1'1ltLImis~OD system facilities included in the Proj.et, the Entitle ment shan for each Participant to be determined by the Autboritr far eaell Pawe:' StI}1Pq.
YelU'.ball be the pet.;qtq. aloeable to tltll Parlldpa.at of the tl'aJilmIaloD aerric.ei provided hT tha Authmt,y and of the co.ta InCUJTld b1 th~ Authority nlat1n.r to such t:aullllsi!on.,....
tem tacUill...... an acquired by the Authorlt,. from time to time fot the term of th1lI Conb:act throul'h particIpation *!n an lnte.-rated trallsmtu!oD I7Stem lIniment '!rith othe.l' llt:ilf.tl....
Such percentare shall be determirJed by the Authority br dividID,f the aylU"l.l'e of the ~houl:'
{at'arated coiuc:lcleDt lyatem dezunds for 'Bu1Jc Power SU'Pply provicad b7'the.AutharltJ' to such Participant durinr each month ot luch Power Supply Year by the aVera,e of tha 011..
holU' fJltesrrat~.coiDdd.ut sYltem. dma.ndl 01 total Bulk Power Suppl:)' pzandlll by t1w AIl tbo.ritr'to all of thaPatt[c!;pants darhl&' ea!=h month of such PDWV Supply-Year &lIel apreum&,
the reluIt as a. perclU1t:1...e.10 that. when all of sllch Entitlement Shanl 10 compte!l lIT the Authority are added tor.then', their IlXD1lhall be one hundred. For the purpcaa of auc:h com-.
putation. the onl-b.our Inhrval.han ~ the hou: duriq",bidl there.qan oee1l:;th.e ma:dm.w:u one-hour illterrat.ed coincident lST.tem demands at toW 'Bulk Power Supp1r provided b7 the Authority to all of the Pa.rtlclpants..
fb) lD. th. eWDt th. Authority a.uWXI.a fesponaiblUty fer transmIuloD of the Partlcl.
panb' allotments of SEPA power pursua.at to arraDpD1ents -tor which prarblcm 11 :made ta Sections 80! aael804 hereot, a:ad ncb riUpOtlJibiUtT results fn an fnueu8 In the mvestment In am! annual operatinr costli of lach 'b'aDlmll.tioll system flcilities. the :BatiOement Shan for' each Partfcipa~t to be det~rmJlled b7 theAuthority for' each Power Supp1T Year.ball be the percel1t&p aUouble fo the Pari;iclpai1t. of the lraD.lmlmOJ1 aemea IJrorid.ed br t'he Au 1"
- e.
thority and of the ~t.a hqlTe!! by the Authority reIatini to Illeb Sltc:rw.cl respouibil!tr.
Such perclDtal'.lhal~ be QluJ:JDined by the Authority by divfdlDI Ple avera" of the oll.ho.~r I:otejT&t.l coincident &)'Stem demands of such BEl' A powu plus the demaDds of Bulk Power Supply provfcl.s by the.Authority to IUc:.h PartScIpallt 4ari:ar each month'of such l'o'!'tz' SUP"'
ply Tear py the lTera,e one-hour interrated Cflmcident 1111-demands of SEPA power and clemaadl of.total Balk Pow_r Suppir provided b.1 th *.AuthoritJ to aU at the Particfpanb durinr the lame one-hour interval of w:h moutll of lOch l'ower Supply Year and upl'usblr the re
- swt.. a percmtare 10 that" when all of such E'lltltlement Sbr.. 80 cotnputed by the Authority are a4ded torather, their aum Ih,aU be ODe hundle!!. For the purposll of"luch compl.ltat!oa. the ou.bollr Jntll'Vallball be the hour cludnl' which therl shall occ:ur the mlXlmum on,.bour Int...
.rrated coincident sntem dema. of SElA poWer and demanda of toW Bulk Pawer Supply provided by the Authority to all of the Participants.
(el Bach Entitlement Shares of trarwnJision I1ItlJQ fadUtles included in the ProjKt shaD be utim&ted by the Auth!)rity Prior to the beaimdnc at. any Power Supply Year and sua utimate. *sbl.U be..t forth In the Annual System Budrel ll...ilioDl 0( aum utI.tad.
Entitlement snaru shaD be made by the Authorit)' at the end of ludi PoWer Supply Year bued upDn IUd'!.),Item clemandl u actually experIenced aDd the bllltnp tor.luch POW'eZ' SUP"'
ply Year.ball be adlu.sted by the.Authority accordinely.
SecUon a09. PledKe ot. P.ymenw..
All pa,.menta l'tCluirt<l to be made by the Participant pursuant to the pro,is5ons of this
.Artfde ro, and aU other payments attributable to the Profect or to the Annaal ProiKt Costa to be made In ac:cord&nc.e with or purluant to an7 othtr provillol1 of Ws Centrad:. aball be pled,ed to IIcurt the paJ:m.ent o! the Allthorlfly's Bond&.
SeefJon 310. Payment.. Ope....u.n.. E:x:Jft\\lI*
.So lonr &II electric. pOWel' and enlU&'1 shaD actually be received by a Pa.t1icipant trom aDY fadUty or adUtIes a1 the Project,1he Plztidpant'l EJrtltlement Share of A.mI.ual ?roject:
Costs ahan be paid by th, Participaat at a coat of pllJcllased el.ctrie. power anel DVIIY tor Participant'. eltd:rlc system aud I.!I &:11 expenaa of operation a114 maintenance thenof*.
SecUon 311. Credits to.Annual Project Colt.
The Authority may. pursuant to the Sehedule of Entitlement Shara and participation In III'bdqra~ lran.sm!ss[on Inte al'reement with otlitrs. for which proyflfon ia*=wt. In See tlon S02(e.), hereof, leU the output and IInie.u of facillUes fDduded In the Project to other utilIties. :nte aaticipated proceids from such sale Jha)J be estimated In the Annual S)'Stem Budret. and aJrt net re....nulS actuaUy recefv.d by the Authority I. the rault of IUch Jalu to othel' uttUtill durillc &!'Y month of the Power Suppb" yw. shan be credited to the Pa.rl:ld.
pang In proportion to their Entltlemmt Shares In the monthly lUlll11~ Statement tor the foUowbli month.
Section 312. Sale of Exc.. ParUdpanf.'. E1lUU.m.nt Share.
In.~be eVJDt th. Parllelpant shall determine that all or any part of the Partlc:lpant'l
. EDtftlemcnt ShIre of the output and.ervJces of thc 'tllV&tba,. faciUties of th..llroiect are b~
e:u:esA of U. requirements of the Partfc:lpant. the.A.uthorltJ" may.,.U and tral1ller for any period at. time an or aDY part of IUch L"C~W outP\\1t and lIerncu to aucb other Partfc:lpantl as. shall alrrH to take IUch excess output and urvl<:es. p:rarided,' how.ver. that In tlJe event the other P~:r6dpanb do not azree to take the utir. amount of auch exc..... the Authorlt;y lei
e, shall bave the right: to dispose ot lach ex.c:us to other uh1iHeL If all or aU' portion.ot l'Deb.
exceSs of the Parijc.ipant'l Elltftlem.eat SUre of output Ind aen:lces Is 101d pulSlWlt to Wa section, the participlnt's Entitllment Share IAIU not be ttduced. a.nd tM Parlicipant ahall remain Uabl. to tlul Authority to pay the full amount of Its BlWnr Statement &I if IUch.ale had not beell mad, j.xclpt that l11t;h JrabiUtr IIhlll 'be dl.c:lsar,ed to the ~t that the Alltborl*
ty.han receive payment for IUch e:a:1II outpat Il1d suvfca from the purclLuu or purchuer, thereot.
ARTICLE IV SUPPLEMENT.\\!, BU1..X POWEll SUPPLY ARRANGEMENTS
.Sect.I.on 401. Sapplemtlltal BulJc PO'ft'tr Supply Protided 'by th. A'lJthorltr.
The Authority will provide or c:ause to be provided to ~ Parlfcipant its Suppl~ental Bulk Powlr So.pply durin, pch month of each Power Supply 11&1'. Sach Supplemental Bulle Power S,uPp11 may mdude, but sban not be" Umited to. pl1't1al aDd faU r~gf::lDI.ents fUm power purchases, Old unlt. panr,nee. firm and noMttlD capaotT ud ueriT aerric:e, traMmWioD lerric. uu:i other Il'Itlrcb&n&'1 IImel macle ayallabl,.. a rault of tranu.C?"'*
tlorus with other ut1Utiel. The COlts to the Authority of electric power and Iner.u purchuad by tAe Authority from. other utfUties based upon tariUl filed. by such other utilities 'With the Federal Potrer Com.m.Jsalon wtll be directly rtflected 1%1 the monthly Bllliq Stat.m.ent to the
.. *PartlcIpant. Su.d, nlonth1y BDlIq Statemut will inelude a atdit for such.4!lfvery point t:ran.ImWion laciUties as are.owned, finu~. or operated b, the Partidpant.
Section' 40.2. Charles for Supp1unID:tai B~Uc Power Supp]y.
'<a) The Authority,viIJ tst&bU.h fail' and nCBldiscrimiutory cbarps for all.services provided b:r the Authority to the PattJdpants relat[1'1I' to the Supplem.ental Bulk'Power Sop.
pl:r of the Part[clpaab de[rDed to recover aU of the AuthorlQ'1 cost.. of acqukinr. finandlll'.
operatinl' and ma1ntainllll*'uch SUPIlemental SulJc POftr Supply as such coats an aet'~oJ:'h In tlie AMual S1ItiID Budret or any amended.u,llual Sy.tem Budpt adopted 'by the Au.
thortty pU'nuant to Sec:tfon 202 llereo!. and 3\\1t11 costa sh.aJllnchideAnnual Supplem.e:r.ttal Cuts as defined in Section IDa (c) I he"of; lUll!
(b, The Authority shan btU the Participan~ each month durlq each Power Suppl,. Year b:r providinr the Partidpant with a BilU.ar Statement accordillr to the char.. atablJabed pursuant to the Pl'O!'Is[OM of*thil Section 402~ tor thesuvicts supplied. to the Paritcipl.11t b:r the Authority IS.et forih in Sectipn 403 hereot,* and fDr the coats inClined by t11e Aathoxitr all H~ ~ortb in this See.t!on 4.02, and IUc:h btU.hall be paid by the Puticipaat on or before the.
tenth daT IrolD the date thereof. Amounts dUI and not paid by the fart[clpant on or before u.le!
day.haD bur an additional ch.&r** of onl and one.hAlf percent per DlD!1t.h until the uacumt due Is paid in tUll. At the Ind of tach Power Supply Year, adJustmenb of bilIfnp Ih&U be made in accordance with tb.e ptovilionl 01. Section 209 herlof...
SecUon 403. SuppJemlft[at BuJk Power Supply Tucll bT thc Pa.rtSc:fpant;
~e Parf;idpant ahaU take.n of It. Supplemental Bulle Power Supply trom. the Authorlt:;r.
and ahaJJ pay to the Autbor~ty the Parlldput:a Proportionate Share of ADD.1.'I&l Supplemen:t:&I Coats set forth l;A the.I1l.ontbJy BiUlna Statl!D1en~ submitted by.the Allthority to the PIl't:L:J...
pant..
16
e*
SectiDn 4.04. Altll11l8.l, SuppltmUital Bulk Power Suppty lhsoutcu.
If the Putldput desires to p:rocun au alternate lource of supplemental bulle power 11.lJI-o'
- pl:r other thau that provided. 'by the Authoril:7. the Pa:ctieipant IUJ'.do 10 UDder the following ter1Zl& and condfti~:
(a) In ~o eVent 1fl1l the Pa.rllclpant'l Entitlement Share of the Pr!lject be reduced, and.
the Partlc:!:paat wijl CC!ntlnue to 'tie o'bUlat~ to pay III EntftJemmt Share of A.tmual Pi'ojtci*
Coats;.
(b) The Partkl,ant will enter into an interconnection arrWl:lut with the Autborlt7 tor rull'Vu. emurenq. ecOl1otDT, sc:h.duled and other intudlanp urrice, the tvma alUi coudf liou of which wiD 'be.dmUar to those eODtained In luteteouneetJon arrqements 'between the Authorit.r and othtnJud.
(e) '!'he Part1dpantwiD aive uotfce to the Authority of its inten.tlon to procure such altuna.t. lOure, wbJch will relf..... the Authority fram itl ob~ptien to provide..me. eQ,ulv.
alent to IUch alternate :source.. Such notfce will be at lWlt the foDowfnr:
(1) Two years if such alternate louree equals 20" or le.ss of Participant'l total peak.
d.ma.nd J~ SEPA power and ParHcipant's EntiUement SharI! of the output and services of the &utraHn, faciUtias of lb. Project; (2) Thr.. ]'tUI If lueb alterllLL.e SOurell equals more than 20" bQt not ItIate.r than SO,. of Paltidpa.nt's total peak dima.n4 1_ SEPA PO\\YIr and ~ut!clpant'. Entitlement Shue of the ~utp\\lt aDd sef1,.ices of the rmeratID, ti.c.fIitf."induded fn the ProSecti (3) Five Jeus if such altunati souce equals more thl..ll SO" but not neater thll1
" ~;ft of ParifdpaDt's t,ofal puk duqand JUI 5EPA pO'\\Ye.r and ParticIpant'i EnUt!e:ment
..&ban ef the output.and services of the re.nuatfns t¢Htfa ot 'l:he frojlldi (4) Sou,.ears ff lucb alternate louree equals mora than 40" but Dot neater tbQ
&0,", of Partidpant's total peak demaDd lus SEPA. power lM.l'arlicipant's EDtiUement" 5lIue of the ~t]lut and servicil of the,elleraUnr f&ciUtiu althe P:rI)ject i (Pi) Nln.,.urs jf neh alt.l'lUte source equals mort thlJl 6D,. of Partfclpant's total peak d.ma1Mfless BEP.A power al1d Participant', EntitleJ13CQ.t Swe of the output and.
serrices of the Ilner.tin&, facllitl.. of the Projet j' Provided, however, tha.t the Authority.and the Partfdpant m..,. mutually.1.11"- to a noUce shorlu than Ill)" of those provlded.above if 110 burden Dr coat 'Would be mq,osld upon the
.Authorlt;r &I the ruwt of such shorter l10tiCL StcUori 405. IntercoJUltctlcia Al'.rancemenb*.
The.A.uthcritJ "ud f:h~ ParlIcfpant may mutuaUy a&'Xu to enter.into Interconnection ar.
ranrll!:C1enti for till"", emerltnC7. economy. scbeduled a~d other JDtetcbanp Ill"'fice for reneration and tran.smiuion tKlUtfe:s owned. 111 the PartIdpant OD the tllect1V11 aate of thId Contrkt, the tenu aDd conditions of which arranpmenu Ihall llot be lmoDlfltant with* the proviafcu afthfs Contrad.
ARTICLE V
. ADDITIONAL,liONDS SecUort 501. lssulJ'lca of Addltfonal Bonds.
Ca) Ad.ditfanal Bends lUay be told and iuutd br the Authority in accordanCe with t:he pr~;s[o", of the Bond Be.olutlon at any time and froEII. time to ttm. in the n'At, tot' U,7 17
rWllnl. the proceed! derIved frOfll: the sal. of the Bond. :tInt validated pursuant to the pro-,
'ViJioDl of the Act &lid. of th1s Contr.ct!hall be b14ufficilnt for the purpose of complttlq the bdtlal faciUtid of the Project and placiq nch beiIity theteof In Comm.rcial Operation In*
c1udil1l' thl compl.t:ton of thOH tnDIDdulO1lITltem t&dlitfu to be acquired and eonstnu:ted b1 the Authorit.r prier to the Commerdal Opln.tion Dat. of th.last IIf the ftnptin,I"facU1 tlu of the Profect to 'be compJeted ~ order to m"t the AuthoritYs il1'restment rtspoDS,tbt1lty
,dwr such puiod fn colUled:lon with any l(ftel'lWlt for an intQTated transmf.slioa system. to
-.ch the Authorit;r mar be... p&rf:1 in &a:ordauci with the proYislollS of.section 802 hll'eof~
(b) Ad4ltloul Bondi maybe sold a:nd.lssold by the Authority'ln accordance with the pro.
mons of the Bond..Resolution..t &Dr time uu! from time to time III the: ",at funds an 1'
quire to lI&Y the COlt of 0) IJSJ' major nnewall, teplattmdb, repairs. a.d(llt(OIlS. better l:I:IIJltl, or imprewemu.b, to the ProJtd 1l1CtU1Z1. ill the opinion of the CouuJtiq E21Iin1C',
to keeP thl Projec.~ til &ooc1 OpeU.tSllf coutUUon Of to-preY.At a lou of ravenues th~rom.
(in Iny llIajor addltlou, imllrovemmb, repalrJ, or lXlOdifieatiou to thl ProJect:, or IIlt1 de cllmm..l.lliolllDp or 4iapoIals of tlae Projlct, required by any 1O'fU'nmmtal a,ency h..Y\\~
jutflc1ictloll o1er till ProSect or for which the Authority shall be nsponsIble.by Yhiu. of my obUSailon of thl Authority &rilla, out of auy coatr&ct to whkh the Autllorii.r. mar \\0.. party nlatiul to owuenhip of the Project or aDl fal;iUly thereof, or (iii) teIold futl for ncb paer
.tiOil fleW.., of the Projd La &Dr Paw.. Supply Year to ~ ~ent tbt ~c.iel1t tuw &1'.
not "nJlable ill aat tlSlN... utab1Ilbld by the Autborltyfor Fuel Coatlli provlW however, that DO such addftlollll Bondi mallie iuuld for the pmpOllI of addlnr addltlonal KeAlratinJ tndta to tha Pl'llject.
(c) At IUch time... fuuda :maT 'be r.quired to provide funds in uc:ess of those provfd1!d ftom the..le of the Jow tlr.t validated par~II"_Uo the Act and this CoDtrKt to meet the
.AllthClrfty'. invatment 1'I:IpOtl.dblUtr In Cop:nae&n witb the anetment to which tlq, Authori*
ty may be a. p&J:'tJ' providmr for &D Int.ell'atad f:rammJu[on 'l"tem, 111 IICCOrcJace with the prOvblau of SlCtion 8Q2, hereof. the Al1thOl'ib' ma.:r provIde luc:1l funtb Q ZI1&y bit necUl&l1' therefor by the 1I1'U1Jlce of adcl~oall !ollds.
Cd) AnT liven additional Bonds.han be secured by assia'nme:o.t of the PaJllleuts to be made br the P&rtlc:lplnu pUJ:"Llant to the praviliotUI of.Article m of the Power Sales CoQ...
tracts, lDc1ucUnr Jll.rmellta rtq.uJred to be made lluder ArtIcIe III of thit Contract. a11d.n oth er PllYDllDts a.ttrlbl.lt&blt to the Project or to the Annual Projed Colt. to be JU.dt In &cCord aDee with or Purllll.1lt to 'any other ptovialon ot* w.. Contl'l.ct, and. IUch other Power Sales COlItra.cb.....u.ch payment. may be lncreued U2d e.uendad b,. realC1l of the lu\\llollca of.uch I4ditiOl1al BODdI, and sucb addJttual BOZ1~,may be Issued In amouna Illffldeut to pa, the lull ~Wlt o! I\\lcA easts &lid lutfIdent to provfd,*luch reserves as may be "1I01l.abl, dt-'
tvmIDld b:r the Authority to he dedrl.'ble. AllY Juch &ddltfonal Bonch Wiled in I.CCDrd&DCe
'With the provislODl of ~hla Stctlon 501 aAd secured by uafpmmt of pl.ymeu.ts to M made iu accprdUice with the prona!oD. of thlI SectloD. may rl.1lk parl passu as to the aec::.uJ:iq. &1- "
forded OJ'thl proyisloDS of*th.II CDutrlct and of aU ather Power Sala Contracts batw**a. the Authority I.ud the Plrtleipallta rilaUIII' to tbe Project and to the Is.su&:u:e of Bow th.erafol' with all BODds theretofore ra.ued pUflllant to and Jeeured In aeeordlnce witb the provilloi'Ls 01 this Contract.
SadloD 502.
h.~Clllf Rehn.lll~. Bonds.
r.n the 'Yent the Aru1l.Ial Project COJtIi to the Parllclpl.nQ of elcetric power a.o.d Inezay from thlP:rojtet 'I:II.lq be 1'1duced by the rdundill, of any of the Bonds then outatandlnc or In the IV'ltftt It 'M:U o~ft'Wfle be ad1rMta,eous. In the opInIon of the Authority. to refund anl Boed.i, the Authontr, may law. lnd leU fe/und.ln, Bondi 10 be secured by UJlrnment of tb.e payments 18
to be IIllde by the Participants pl.U'lIJint to the pronsionf of Article mof the Po"Wel' Sales Contn.ctl. lncludlnc plyml!1'\\ts xequirlel to b. made undtr Article III of this Contact. and III other payments attributable to the Project or to the Annual ProJect Ccsf:t to b. Dllde In ICCor dAnce with or pUnuant to any other pro'lb[on of this Contract md Nch other POWII' Sal..
Con~. A:Ay such tefunc1ln, Bondlluued In &c:r:crd.l.nci with the provisions of thls. Sectlon and..
secured by ~=ent of.NCb paymenta may laDE put pusu u to tbe ucudty afforded by the prOvisiON of tbjs Contud met of all ot:ber Power Sales ContncU between the Authorlty aDd the
. ParliclpllDta.ttlatin, to the ProJlct and to t.h.t luuan~e of Bondi thnefot ~th all hobCla thereto fClte luutd puisuant to and Rc:ured In Iccold.l.nce, with the plovlsionl of this Contract.
Sectlan 50!. Adju.tDle.qt of A.lmU&l' Project. Caall.
mthll event the procudt derived :!rc~ the sale of LI!lJ' Bonds luutd pursuUit to the pro vitions of this Contract" nellaymellt of which is ucured by uslpmel1t of pa7tllt!uta tllI.de panuant to the promioDl ~ this Contract aJld ot au other Power Salu COlitrac:ts betwem lb. Au\\horltr aDd the Parli¢panb rdatlDr to the Project uel to tbe {aUlllc:l ot Bonda there for. ueeed the aanept. amount requU.d for the PllrpOSes for which suck Bondi wve t.
"aued. ~. ainount of such UCIII.haJJ be IIIld to m.ak. up an)" defidel1e7 ~m e.."'dsf;Sq In a.n7 fund or "eount. under the Bond Resolution in ijle nwmu therein 'Provided. aDd any baluu:e shall be used to retire. by. 'Purc::bue or call ana redcmptlOl1,Bondi b1 &dvuce of mawrlt1. and,in.such event the Authority -,.m reduce.such e!tmenb al Annual Project Costa u ars l1tCes!ar), and appropriate to ief!1Ct I\\'u:h accelerated reUremmt.
ARTICLE VI DEFAULT S~tlon 601. E'UBtotDtfault.
Fdlure cit the l'a.rUdpaut; to make to the A. utho.rity &nJ' of; the payments for wh1c:h pro vision Ia.made In this Contract ih&IJ constitute a default on the put of the l'articiplUlt.
SecUon &02. Cantuuifn, O'bllp.tlOD, RI,ht, to DlsconUnue SlXTice*.
In the event of ID7luch defau1t, the Partfdpant lnannot be rtlieved of ita Hablllt;r for payment of the atz:l.oun.fs Sn de!auJ\\ aDd the Authority shall bTl the rfrht t.e rlCO'fV hom the
- putfdpa.nt U1 &Q1()uut in d<awt. III eafOJ'CUWlt of aDY ncb J'4ht af J1ICOvtrY. t1:a. Au.
tborit,y may briD~ an:rluit" adlem., or p:ocMdlD~ In la... or mequity. 5DCludlq ZD&.Ddamu* Uld actlon for apedflc perfonaaDC.8.. m&T 'be DtClSSIll'7 or appropriate fa won. UIl' co't'enant, qremat or obU~atfOD t.e makl any pa7D'ltl'lt for whlch irovblcm II lDIIIe mW. Cont:ru.t lpinst the Partfdpant, aDd thll. Authorlt,. may, 'allon Jixty day.. wrlttu. notice to th. Pu tldp&nt, ':1...1 and discontinue proTl4l11~ all or any porllon of the Participant'. Bulk Power Supply,'
SeetSon &03. Lny ot Tax tor p&"rment.
. ID the eYlDt of aueb defawt b,y the Put:!ciplLnt, the Participant shall provide tor: ~. ai
!Ulment and ~OU.dlOD of*an annual tax strfflcJlDt mamount to :provide fUDdi annuall:r tp lUke all p&1Dlenta clue under the proTlsloDi ot this Contract In eacb,.ur our the r:emaSndu of thelli. of. W. Contract and the Authorit,ylhaU ha". the rilht to brilla' IU1J' mit, &dIon, or proceedll1llD law or iD lq'Glt,y, IncludJ%U' ma.!ldamua and action for lptci1Je 'Performuel!, to ltD..
forc. tll. uaasl11el1t an4 collection of a contin uiDl' direct annual tax upon all tlla t.a:xable properly wJthIn the bouDilarfa of suds Participant; suffIcient In lJJlonnt to provide aucA flWCl.
&1Ulua1J.11n eath.,ear of the remainder of the Ht. of thf4 Coutract.
19
Section 604. 'l'raDSCer ot Power and En.r.,. PIlISUlJ1t to Dt!II1U.
In the."mt of & default by.. PI.rt:!dput; the Alithorltr IhaD transfu, on & pro rata bam ta all other Parlklpaata which are Dot ~ dtfault. the ddaulU!lr P&rtIclpant'a Entitle ment Shue of the output ~d nrvicu ~ the Project whIch lhall h..,e hem cUlContillUC ],,
reason of aach c!.taa1t, and the pro :rata portfon of !m:h ElItUlezaent Share of the default..
~ Participant 10 traasfured shan become & part of IDd shaD be added to.tu EntltlemtZlt.
Shan of e-.ell* such tn.ns!eree Partlclpal1t, aDa ~. tumerH ParUdpl.nt.hall be obUrl.ted to P.7 for If.. Entitlemmt Share; increued as aforesaid, u I:f the Entitlement 8han of* the transfer.. Participant, iDcn~ed as atorua!c!, had bien ltated odain&llJ'.. the ;Bntltlem.em:
Shu. of the transferH Partfclpant in Its Power Sales Contract witb the Authority, provided, howevlr. that ill no nillt mall an,. tra1l.lfe~ 'of &JlJ" part of a dt1&ultlnr PartlclpaDt's EntitJ.t...
ment Share ruult: In an oblizatfou of.. transferee Putidpant to b1l1 output* aDd.erne.. of the Project from the Authority In excess 01 fUtr PUClDt oC the mOst nc~ est&bl1lW mu,..
iMum aDnual hallrb' puk demanc! of I~ch transferee l'utldpLIlt Illd prori!!ed. further, that the obU...tioZl of. the dd'aulUnr Partfcipl.nt to pay the Authority Illa11 be n~uced to the extent that parmenalhall be recelTed by' the Autharlt7 for that portion of the delaultiDsr Eartl~put'll Ent1tlemtJIt Shan whIcll nu.:r be trlJl.lferred u &fomald.
SectIon liDs.. other.Defa.ult by Parll~pa.nt.
In the evant at.. !allure of the Participant* to estabUsh, mdAtal.ti. o~ collect rata o~
mUCei. a.deq,uate to provide. revenue sufficient to eaabte thJ Partfclpant. to pay ill amounts due to the AlltboriV tmd~ th1a Contract: or in the Innt of a faUun of the Pa.rtfdpant to tAke from the AutMi:;ty its Bulle Power Suppllr In,l.CCor4aDCe with the provisions of th!a
'COlltr&C~ or in the tTat of any default b,. the Participant under IDY ot.ber COTenant, &1]:'
- ment ~ abUiation of th1t Contract, the Authorltr mly brb~1 an, su1t, action, or proc:.~nc fA law or in eqaitt, hlcludillr.1DandatElul, wlulll::tiOQ and action lor epecific.performance., as
.may 'be necesaarT or appropriate to enforee an, eannant,. arrament or ohUrattoD at thIa Contr.ct 1II'i!D.lt the ~artlclpaDt.
S'I::Uoa 601i. Default by Au~orlty.
In the eYlnt of any deCault by the Authority under Iony eoventn~, qreement or abUptloll ot, this Contract, th' Pirticipant may brlnl any Nik, action, or proeee~ in 1&11' or in equity, inc:ludlnc mandam~, iaJuncUon. and a,:tfon for specitlc performance u may be necessary or
.pplOprlate to In!on:e any coveaant. aJl;ttment. or cblipticn of* this Contract qalnst the Authority.
SecUau &1)1.
Abudonme~~of Reznedy.
In tuel.D7 proceadln,. ti.ken*on a.ceouDt of any deCaalt shall ll&ve 'been diseontlnued or
.b.Ddan~ for &1J7 rlUOJl, thl partiu to IUc:h proeeedlllls Jhall *be restond to ihelr former*
positloAl and rflhb hereUDder, rupectivaly, aliI! all rirbtJ. remedIa, powen. and duties of the Aut1:iorit,. and th,* Part1clpant shall continue u tJJaurb DO suds procetdlnrs had be-ezi tue~
AB'I'ICLE vn MISCELLANEOUS GENElUL PROVISIONS Sedlon 701. ClIuader and CanUnu1l,. of SenfcL*,
(a) The A.lltbority may tunporarily iDtUT'llpt or reduee deliYeriu of electric enUi7 to the P~ri!dpaat if the A~hQrltT detennIntl that ncb fnturuptfoa. 0.. ':'*!UCUOD r. necu..ary in cu, of emerpnciea or la. order to iuUll equIpmlnt Jza or zoak, r.epairs to or replacamenb, 20
IZlvG,atloDi. and impeetlan! of 01:' to perfonn ~t'her malntmlDCI ~k on Its rmeraifoll or transmb&icm fad1ltfes and related a'PParatuus. A:lbr infOtmiDr the Putfdp..ftt. rI,ardiq
.any 'Ilch pla:med'Inttn11ption or reduction. Kinne tbe reuon thenfor. and,latins the prob abl. duratioD thlrlOf. Ua. A1:Ithority 'Will til the best of III a!lil1ty.clIedute such interruption or reductIon at.. tJme yhlch will CLu.e tht leut Interference with the open.ti02l.l of tht Putl~ta.
" (b) 'I'1Ie Authority 'slWlnot bt requih4 ta,provide. 1lt be Uabte !rrr f.nure to provi~e.
,.ervice ullder this CcAtract when such fallurt o'r the eessatlOI1 Dr. l:urtai1mat of. or mt&r feNDCt.,nth t.he senice is QUled by Uncontrollable ForclS or. 'Witb rupect to the aerrices to be provided. for SupplemlnW. Bulk POY'r Sapplr. b !:Soled b1 tht failure or refusal of any otha bulle powar supplier to IDter Into rwopble emmet. with t.'he Authority or' br the tm.b:IKtr of tht Autharitr to obtain anr req,ufri.cl rovermnental app.rovall to eubI. the Au thorit;r to acquJr, or conatruct any !acmuQ.
SecUcm ';02. Milterill,.*
Ca.),The Authority ieSirlas the daM to provide for inltallatfon of meters IJ1d will pro vfde or wu. to 'bt proYided all neClIIU7' mete:rilll equlpmeut for dirtermbUn, the Ilu&ntltr ana condlt1oDS of the IUpply of electric power and energy deUvered br the Authorlty uua tldl Cant.ncti plDvided however that the Participant lU7 at Ib O'WS COlt iDstan act41tlonaJ.
m.teria,. eqwpment to proTld. a' check on that of the AI1\\hority. T\\e Paritdpatlt.ball npply without cost to the Authority &.swtable place for Imtalltnl the Authorit"'t materinl' Iqtllp..
menl (b) II or meter used for bruinl' faDa to redster or fl found. to ba maccurat" tlle Au thority shall repaJr 01' replace such t'l.uter 0:- causa It to b. repaired or replaced, ed an app'l'Opd:&te bl1lIQ'.baD bt Diade to the ParifcIPlllt bl" the Authority pu. llJOD th. best lDf'ormltiOl1 availabl. for the period, Dot IIXceed.iaf arxt;r dq.l. darinr which U Dlttermloc-.
curred. ADT meter tilted and found to be. not. mare thaD two Plfctllt above or below Dormal
..uU be cOlUldend accurate Insofar as correct:!on of bOlfDP' is concerned. It... a ruwt of uy tat, a meter Is found to nJi.rtu' tn exu,. of two percent lbo".'or. ~lo" normal. then the rudlnl of ~Ilch m.ter prevfou.ly talcu 'lor bmfDa' P\\IJ:'POSP shall, b. COIT4\\:ted for the
~e;rloc! 11m", whIch it Is established the mtter WIS Inaccurate, "u~ aq correction I~ be made
'lor aDy peria4 beyoud. Itxty day. prior to the date 011 wlUch an 1DaccuracJ" II &covued l5y
.uc.h tesl (el In addition to l!1ch teata as an deemed. DttCe&lQ7 'by tne AutborltJ". tl!.t Aot~rlt;y ahaJI han IIl7 meter tuted* at any time upon written l'IIquest of tht P&r-UdplAt ud, H such meta proVII accurate,nUdn two percent a'bove 'or below llama); the uptDIe 01 auch tat Ih~ b*.borD*.by the Partlcipalll
(~O The Autbcrltr,hall notffl1 the "Partfdpant III advance pf the time 01 uy me~ test 10 that... reprueutatrve of the ParilciplUlt mal" be pruenl Section 708. PO"1l' DeUyerles *.
Power and enerl7 fur.aillhed to the Pt.rllclp&rit uuer ihi~ *CcJltnct ahall be in the form
~ three phase cLUTent, alternatinc at a !requenc:r of approximately GO Herb.
Section 10~. lJabWtr of ParUu.
- Th. AIltl10rity abc! tbe Parlic:ip&llt.hall a.sawn. fuO ruporw'bDity and nabmty far'th.
matntuanct ud opuatiQD ot theIr respective proputlu and each thall bldenm:!fy and lave ha.rmlu. tlle ather from an nabflit, and expans, 0:0 aeeount of any and ell dam-res. claIms, 21
or actlou, indudlnr injurY' to ar death of persona arisiD&' from arrr ~ or accident in c0n.
nection with tb. Installation, presence, maintenance and opmtfon of tb. property and equip mmt o:f th~ indermd!ylnr pa:ty nd net CAuled !n whole Of fn part b1 the nea1f11llC8 at tbe other parlJ; provided. that &Dr U.billty which.!. Inc:urred by the Authority throuah the Ilptlr
.tiou and maintenance of the Project and not covered, or not covered lIufftcfutIT. by Insur ance.haIl be paid solely :from ~ Wle!lU!5. aI.. tb. Authority. antIlDY paymmtlmarJe by the Authorlty'to satisfy, such l1abilit1a~ become put of the Annual System. Badlet.
Section 705. OfhuTtnlUland Conditions.
Semce hereunder 'hall be La &c:cotdlJlcl witA such other terms and eondftlolll u are utabl1shed as part at the Authority. Ilnic:e :rulq and relUlatiom. wldch'.hall ~ be m cOIWstent with the protialoDl of this Contract.
SettlDn 7C6. A..seipnlmt of Contn~
Ca) This Cqntract.hall inure to the bGefit of and shaD b. bUid~ upo~ the reapective succwers &nd UII(Da of the p&rtiu to thi. Contrad; provided. hcnrever. that aeept as pr0.
vided in the event of a default, and, ~eept for the aasil'JlZllent b1 the AuthoritJ authoriz~
hereby. DdtlIu tbI. Contract.aar aD1 mterut herdA.ball be trans/urad or a.ss1ped by eithu party bereto IXcept with the C011I!Dt ill "Wrlt,Ln1' of tli. other lJI.IV hereto. provided.
'he,,",,&!'. that* ncb consent,hall not be withheld umeuoD&blT. No assipmeut or b'ansfer of thIs Contract,hall reUeve the partlq ~ IJl1 obHratioD bereUDder.
(b) The Participant ac:lmawledrel and ainU that the AutlJority lIla1 ulilZl &.ad pledee toO the Trl15tee ad Co-Truatee deafanated ill the llond Resolution.nIts rilbt, title. and In terut In aud to all PAJ'lIleuta to hi aw:!. to the Autborit,.: undu-the piovfslOD.l Of ArticI.m of th1s Colltract aDd aU paJDleDts atfr{butabhl to tlI.ProjKt or to theAlmuaJ Prajtcf:*Coats to be =..d. itt aceotdanca with or punil..nt m &D1 other proTiston of this Contract....ec:aritJ:
- for the PQDlIDt of the prlndpat (inctudiDl' abIlcbJr fund b:l.staIIlZIentl) af, and pt'mdm:ai i:t
.D1'~ and iDtere5t 011 aD the Bonds, alId, uP!Jll th. execution of such assipment and pltidre.,
suCl1 Ttuatee shaD have all lilhts and temediu herein provided to the Authority., and auT rafere.nc. hertiD. to tlIe Au'tl1ori~.haD. be 4eemed. with the DltCUlaxy clwar-in detaD, to include such Trultee,,!deh shall be a third party benettcluy of the c~veDll2ts and..;ree menta 01 the Parlld:pant henill COlltdued.
SectttlJl 7D7. TeJ1IIlnatlon or A..mmdmezat of Contract.
<a) This Contract al1all not be tumhated by either parlJ' under aD1' c:ircw:nitanc...
whether baaed lipon the defAult of the other P&rt7 under thia Contract or aD]' other fDatru mmt or otherwise except as llle<<;iffcallJ lD"D'fided In this Contra.ct.
'*Cb) Th1s Conh-aet shall not be i.me~ded, =t:ldified, or otherwile altered iD Ani nin'ner that 'Will.adveraely affect the aecurity fot' the BOD~ a:ffo.rded b1 the prOvWolII of t1Ua CaD tract cQveril1~ tne purdue andaala of power hereunder upon '1I"hteh the OW1!UII :from time to time of the Bo>>ds.baD have relied u an.f.adaC91ent to pare** aDd.hold tJle Bcm6. So lour as any of the Bonds are oubtaudinlr or Wltil adequate provisioDS !~ the pa;ymct thlnot
]i&'Ye beeD. mad. b accordance witla the p~"fafona 01. the Bond Resolution, this Coutraet shall not be amended. lDOdlfIedi or othU'l'rfae altered in aUT z:aa.Uz11' which will 'redllce the 11&1 lI1!nts pledpd u aecaritJ for the Bo~ Ilr eXtend ~e tim. of such 1I.ymenta prarlded 'here in or whfch will iA auy manner lmpalr or advenelT ufect the lirhts of tlsa O'WII~ f!':Ibl t.i.r:ae to tillle of the Bond".
° (c) None of the Power Sale Contneta-1lU1 be amended AS to &DT one or more :P.rucfpmts
ao as to pronda tum. lLud conditio'CII dHfuml from thole herein contained exC'llpt upon wii.b to notice to and mtte ~Qll.Smt or "alver b,. ueh of the ather Partfcl-panta. and upon aimiJaz
'amendment heln. made to the Power Salu. Contn.et at anr other Pa:rt.idpallt r~uutinll' such amendment after :.ecapt D1 such PartIcipant of notice of IUch amemiment.
.unCLE. vm FUTt1ltE PROlEC'l'S UNDERTAD.N BY TBll AUTHOlUTY SectiOn 801...Future Projeett.
The Alltllorit)r. may fmn ti:t:De to time conduct,tucH.. and u.~tiatfa21J with ret'Peet.to pla.nniDl', duianfn., fwndnl. c:OlIJtrucths.. adDl.husteriDI, operatml'.,and lDAil1t.ai1::d:D1' or otherwise acqubml' future.llDeraUon and t.n.usmiuion fr.c1l1tl. or rll'htl to th. ouqmt thereof J.a lL~cHtbl to :thOle contemplated, for the ProJect, aDd ma, make 1'tCCI.I:UllDdatfODa to the Participant that such futDl'e facilitiu ba undertaken by tbtt Allthorlty.lf t'he ParlIdpa:at
'Wishes to pa:tfclll&te In.azul the Authorfty wishu to lludertake ara,. iuch future facWtiei. the Participmt shall exeeut. a ~nt.ra.d tbtntor with the A.athorit7.
~
SeeUon 80Z. Fu'ure ParUdpalitt.
It is expresllr understood that UOWDr helm shall pnclude ether future paitldpants from. contractinl' with the Authorlt,. for pl.nni.u., pn>curlnr,.",8 providfnr IUch othu fu ture parHdpanb-bulk power lIupply, fncludInr pe.rtfdpation in otller pndeet/l undutakep. by the Authorlt;r.
Sec:tlol\\ 603.: Chana_ In'E:daU:ir SEPA :A.muill!lnlDtt. '.
~. Allthorlty ma1' nepUlte bulk })O"V supplJ &na1l1"Ul_ wfth the SoatbeuWu.
Power AdmfDbtntfon and the GtD1"8ia Powu Comp.lJQ' for chuaH in thl eurrentl::r IXlstfnl' contncta b.tween tlui Pattfdpqta aud Soutbeutun Power AdmhLillnUoA and. betwteD Gear*
l'ia Power Compu::r and Southeu~1I.'ll Power.AdnUDistraUan which,chanPII' u. for the ex*
~ed purpoat at Iowerlar the ~artidpmta' Qyerall bulk powlr.upply COIb b, acqaJsftfoJl.
'D,. the PartfcJputaof thefr fuD lawful aDobnlZlb of Southeastern PO'fl"u.AdmhWstration power. J1 auch e:tp1'tlsm pD%pOSa it ac::hia'lld aDd. the Authority wf.Ihu to: lIlKfenake lIuch a.rranp.tQe!lU, the Parlfdpl.Dt ma7 execute.. cllutraet therefor with. thl Autboriti fa. which,
the Partidpailt may au!J'D. Its alIotmeDt of Southustun,Power Adtalnflf:ra&ll power to the
- Authorlt;r for deliverY 'b:T the Authority to therart!dp&Dt..
Sectfon 804. Othel' SEPA Ananre.menu. '
The Aathority ma'lleaotSati other bulk power supply arranp.m.lDti' with the Soaflz....t..
ern P01ftr AdDilD!JtratfoA re.latUal' to other proiecb of the Southeuten. rowe A4m.fnbtra tfan 1l0~ now hlcJlldecl..in the ctU'rt~tl1 ~1t1111 contracts bemMA lb, PartScfpcta an4 the S~uthe..tun Power Ac!DUnistration for acquisition bt th_ Participants of thelr :full !l.w:fl2.l allotment of IUch other projects. Th. Putldpa!1t rna,. udp it. allotmtftt of aueh other prQjecill to the Authorit7 fO,r dell'lU1 1>>::r tb, AuthorIty ta the P~eiPaD,t.'
$ec:Uon 805.,.A.DocattOIl at CCiltI.
VDtfl the Authorit;r aball undtrt.a.ke a future pi-oJect or until tha provWolU of SectIon *
. B03 or SOot hereat' reIatiDJ' to SEPA. unnl'cmenb are £m.plemtntlllf, an opelatilll' and ma!n teuance coats rlilated to the operatiar and conduc:t!nr of the builn.. of the Authorlt;r shaD be trubd 1.1, Armual Pro.1l1C,t Coaq aad, upon the underWdnl' 'b::r the AIl'thoril7 of a future project. or upon hnplemmtatfo:n of the provisions of Sections 803 or 804 Aer-at. the Authorl-*
23*
ty shall allocate an 'PPl'OJIdate aliarl of Its acJministl'l.tiY.lIl:ld. reuenl expense to.~ch tuturli project and.IIuclf utGreIDeuts V2:£de.r Sec:t:fon 80s and 8~
.UTICLE IX SEVDABn.tTY In cu. at one Dr men of lbl prarlsloDS of this Cmtrlct IIhaU for QY r~ 'be h.ld to bejUeial or !t:lYIUcl b7 a c:ourt of c:ompetell.t Jt:trHdic:~DD. it is the iD.te:ntloll of each ot the partle:l weto that IUch iDeraliv or mnUdtty IbaD ~ot Iff!fd &Il.1 othll' )rovUloll 1we
_ of. but th!s Contract !!.hall be construed &1\\d enforced as if 511.ch. UIqd or bnallel pl'on.1on had not bun eonuined herlin" and this Contract.haD be. coutrued to adopt, but no. to a larre UPOl2t aU the appUc:abll )l:ovlllolll ot.aIel Ad:, aDd III tAl a~Uc:aDl. 'pz'ovbioua of th.
CO'l1ittbltion and fIIIeral-laws ot Georlb. and, if &2:£1 prO'risfODS 'hf!l'tlOf conflict...nth UT.
applicable proYlilon 'Of laid Corutitutioa. or-l&wa,t1e latter &I tdoptC by the leaislature ad as tnte.rpreted by the covrb of Wa It&t. shall prevail in Hell of 1D1 provfsio2:£ hereof in C02:£ fuet or Dot in ha.nnot17 therewith.
IN WITNESS W)iEREOF, the lIuniapa1 ElectrIc Authority of GeOqU. has' caUled thia Contract to DI exec:utecl iD. 1ts cor:porata name by it. dulJ' ~uthorized cUlcers and, by the u:ecUtloD hueof i~ II admowledled that pa:rmanb made 'IImLa: tIWI Contract mar 'be ualped, as provided In Sect!oc 106 (b) hereof. by the Authon'ty to the TrIlete. anet Co-Traate.e to 'be dulpated In aut SgpplemmUl Bone! RUolutfon AS lIecurity lor the paymeIlt of aD :Dou at the Au.thority. as Itt forth In aafd Seel:!oll 1Q6(O) hertof. aDd the Aathorltr b&t caUlel! its
- corporat. sol to be herannto imprlUsed aud att..ted i tbe FartJdpant haa caUl.II this 00l'L traet to be executed ill Its cOlpOrate ~. b,. tta _d11ly au.t'boflle4 au,leers and Ita 'corporate leal to be here.uato bnpressed aud attutad, and. delI~ery hereof bt the Author:lt)' to tba Par ticlpa.ut Is bereb:r atlmowled,tti, all as ot the da,. and. 7W' fint,bolltl.'Wri~eD.
MUNICIPAL ELEcrRIC AUTB:ORITY OF GEORGIA
BY:
~ a........................ _.. ;...................... c'.......
AT'!':... <<.................. :
ill............ '".............
BY:.......,...* " or ~....... ".... "...........,
- .... ~. "..... "**
- au:roB.
ATT:
.............................................. t................ "
DESCRlP110N OF PROJECT IDltlal FaciUUes.
The" initial fadlltiu at the Project -,hall be the foUOlrlnr:
- 1. Imtial Elet.t:ric G~DIl:..tiOI1 and Related T.n.MmtsaJoD F,dUdu lllcJllded In The Project.
(a) Plant liat.dl.
A Jtvl.D.teln or! levUl-tentbs *Percent. WLdivided-in~lIt in the two 607 MWe nomineUy rated nuclll: aenmUn, units to be mgWn IS the Edwin I. Hatch. Nuclm Unita, NumbeD One" and Two, (lncI.MduaUy ~1111Mted ~ Hatc.b Unit No.1 and Hatch Unit N'-o. 2 and coU.ct:l~ly clesfJn.ated.. Plmt Hatch) to be located near Baxley in Applin, COUl'l.ty, aeorafa, lndud1nJ tor such units (1) land r5tU;n_ted and. ducribed 111 the tecarda ot the Clerlt ot the Superior CoUrt.ot Applin, County, Oeorp., in Plat Book 8, pap Mi, and In the l'lIeords of the Clerk of the Supaior com of ToOIDJa CcI'unty. Geoqi.. In Plat Baok 11, pap, ** and all land rilhtl puta.fDina" thereta,. (Ii) the nuclear power reactors, the tutbinl-ieDm.to~ ~e bui1~inp bouain, the.ame.
tlie ~ted awrdlfll:ri1laru:l equipment, and the rer-tad tr&nlmlufoa taclUtlu all umore plZ"t!
. cululy d.lCtlbed 111 the Application, and amendmenb thereto, by the o.arlfa POWltJ:' Company bclarl the Atomic. EnerlY Commisdon in Dodtet Nos. 50.821 and so*ass III1d the PreUmirw:y Satlty.Ana1yItI 1lepoxt. lnd amendments thClto, wbich con.stituta
- part ot auch. AppUcatlon.
(111) inVRtarllS.!)f mlieri.a, suppliu, fuel. toolllQd.quipm.nt for uselD c:01Ultction with Plant Hatch. ed (1.,) tbe Plane Hatch Ra.Ilroad delineated. and cSescribed in the rlcard. of the Cle.r-k of the Supl1i.CI~ ecW:t ~ ~.PlInI O;lunty in Plat Boole a. pqu 36, ~7. and as.
(b) l'IuIt Vottle.
A tb.b;ty Plrcent amdi¥fded int.erlst In the two1l50'MWe maximlriD :rated :ftl;lclar lenentb:iJ.
unitt to be known at the Alvin W. VortJe Nw:l_ tlaUb, Numbezs One and ""'0 (Sndlridually desfpabed.. Vallie Unit No. 1 aS1I1 VoPle Un.it. No. 2 aDd coUectively dalpted. u Plant VocUe) to be located near Waynesboro In Burke County. GeoqI-i tndudll1C tor sueD Wlibl (I)
. ]agd dalineated and dacri.bed hi Geoqfa Power o,mpmy Map ilia M*S-a, to be rtColdec! ira ~
Iecoldl of the Cluk ot thI Superior Court; of. Burke County. Geoqfa lAd III land rfIbt,I peri:a.fn ja, tfl...to, (11) the Duclear power ructon:. the turlllne-ceneratan. the buDdfnp hoUIb:&C.th.
same, the Ulociated at.Wl!arl ** and equipment, and the ter-ted t:ranm:dalcin fadl!tfa an as more putlcuwl:r.: cWcribtd fn the Appllc:.ttoD. and Ameadmlnta tIlereto. b)' the Geaqia PO.war Com-
- PlAY belore the AtomJc Elle'IY Cotam1u:fon !n Doei;et NOL "500424 and SQ..US and the Pre Uminary Wety.Analylil Report. and amendments thereto. whleh eonl~tutea _ part at suc:h Appllc:atfon. IDd em) fn*...Dtoriea ot matarf&1J, aupplles. fuel, tooll and..qulpmentl for \\Ite In e~I1Dec:tica rib PlInt Voatle. provided" boweve.r, In the.vent for any* fluon Bonds UtI.not 1srue4 fen: th.t portfon af the Project dldrnattd at Plant VoKtle. the Cacrutta described. f.o. this subJ'U1llZl.ph (1;t) ShallllOt ~ a 9arl of Lbe Projlct..
(c) Wo:rkfar Ca.p!~.
WorkiDI Capital required b7 the Autho:rlt,r durlnr CO~truct101l at the ProJed and far
. the pbdDI' of the Project In operation.for proYidinl' Bulk Powu Suppl:r. 'iaduclli1r Supple
~'DW..BuJJc Power Supply. to all toe Part.tcIpa.Db.,
lL hilla' 'l'rosmisS£9n7adllties Ind.W!..cl iA The ;pz.,jld.
'!'bOil tran.smlsalon faCl1it:!es to be..cquin;:l and CODJtru.ded br the Authcnity dw.. th*.
tim. prior to the Commucfal. Operation D&ta 01 the Jut of Ule 11d1U1_ f.ldUUu of the Project to bt completed In order to DUlin ita lnve.f:mat fUpoDSfbmt,- IImll&' IJllda tim, hi connectitnl with an:v aJt'ltment for..21 intesrate4 tn:lsa:miuioa Q'dea to "blch the.A'Q thoritJ: maT be.. pazV.In aecordance 'with th. prorisioDl of Sect:t0Jl IOZ cd the Cgntract.
AdAlIUonal J'!ldUUe&
Tha Idditfoaal tadUtf.. of the Project ahaD be thllle.aditio21laDd impt'Ovemmt. to the electric pDlJ'it:iOD cd related tra'l1lD:dla1oll 1ac:ilittu aDd to the tn.~on aystiUl fadUtfe:!l of the Project provided for ill: dau.ses (I). (U) and (iii) at. Section ID2(e) of the COntnd:.
SCSEDULE OF ENTITLEMENT SHARES.
I. PARTlClPANTS' ENTITI..DlENT SBAJ.lES OF THE OU'll'l1l'.AND SE11.VICES OF
'l'BE GEN!(RA..TING FACI.I.ITIES (INCLUDING llELATEDTRANS:MlSSlONFACILr:rmn INCLUDBD nr '1'BE PROJECT
'lb. Participants- 'ECtit1emClt 5h&ru 01 the output a.od aetvicu 01 the. renlntina'tadli.
tfe, (J:.a.dl.lWlA' related mlllmiliioD tacWtia) of tlIl P'ro!e;t, which Project mcha4ei.. lnen*
tim and slt'm-tel1tha IlKC..t UIldiyided interen in FJ&nt Ratch aM.. thIrtr pen:tI\\~ IlDdlvlded interest ill PJant Voatl& both of which ~ mert r;w:tfcalazly i.ried In the-Dac:rtptfou ~
PzvSect. and of the lenic:es prcni~.d by the Autllorit:J' iu aecorianea with the JII'Onsfou of
-Sectlou 80S of the CoZlt:aCt,.~ for each P..nldp&.Clt be those.~t1emtJlt Shull set forih
[11 th foUowfal schedul~:'
PnUclpal'll Illitlat
- £atJtla**1 Shar.
- Entla.IIl.lt SbnAltu A..,J'lnt
.....t Ealltluullt SbnAltll' I~
A........l'lt i
Ent!tlaIn&
ShaH A.ftec
'1"Ur1I
""',utlllelit
-ACWORTH 0.610 0.644 0,618
. 0.614 ADEL 1.418 1.220 U6!
1.151:
.ALB.A.NY lUS!
1Z.C6a lUIZ 10.043 BARNEa'VlLLE 0.5&8 0.'1i9 ud 0;413 BLAKELY 0.911 0.169
&.836 0.809 TOWN' or BlUNSoN 0.035 0.035 O.OM 0.088.'
BtJi'OlU),
- 0.574 UU 0.560 0.166 CAIRO
_1.81S
.USO i.B01 1.'l'l'2 CALEOUN" 2.2SS.'
2~638 2.151 2.'198 CAlO'LI..A
- 1.149 1.201 LllM
. 1.086 CAJt'l'ElSVILLE 6.!'1'7 1.116 15.l91 6.113 COI.l,EGB l'AlUC
&.804 1i.J13
'1.'09
1.659 COMlJEllCB 0.'760 0.692 O.54~
&.681 cov:utGTON.'
lUISI5 2.658 2.667 2.611 ClusP COUNTY 2.548 8.155 USI 8.410 DOEIUIN 0.129 O.~6 0.119 0.118 DOtiGt.AS 2.3C]S 2.640 2.607 2.609 B.AST PomT 7.682 usa
'1.101 6.916 EL]:JEBTON 1.B45 1.851 1.547 1.850 15
e; 0.2.68 0.a06" ELLA.VILt..E om 0.298 FADB'UltN O.S44 0.526
,0.556 0.584 2.329 2.'169 2.895 2.982 Fn'ZGEllALI>
- roBSYTll :
0.98Z 0.B'1'9 0.961 0.988' FOltT YAIJI2,Y 1.S47
, 1.616 1.6&2 1.554 GR.A.N'.l'YlLJ'.
0.090 0.019 0.088 0.00 8.080 2.982 GRDTlN 3.&00 2.964 HOGANSVILLE 0.331 0.808 0.296 0.294 0.617 0.415 lACKSO~
0..542 0.499 LAFAY.ETl'E 1.639 1.618 1.6CM 1.805 LA.*GlUNGE uso 8.839 8.802 U9S LA.WBBNCEVlLLil 1.527 1.809 2.081 2.14B JUNSJ'IELD 0.051 0.036 0.028 0.027 MAlUETTA.'
10.551
.11.519 12."48 12.688 MONROE 1.508 1.422
.1.<<4 1.453 MONTICELLO 0.361 0.S84 0.398 0.402 1tlOULT1uE.
un 2.985 B.011 8.051
~WN'AN 1.&09 1.145 1.588 U96 NOltCROSS O.51~
0.'1'88 0.820 0.841 p.AImrro 0.2!2
'0.291 o.su 0.329 QUlTlrIAN 0.147 0.765 0.1552 0.630 SA,NDEUvlLLE 0.881 0.818 0:,.,8.
0.'175 SYLVANIA.
1.751 2.689
'a.04Z.
&099 SYLVESTSR 0.""
0.SS1 '
, 0.954 O.9'1S T.HOKASTON 1.299 1.211 1.216
.1.220 TltOHASVILLE 1.188 4..894 4.409 4.382 WASHINGTON 1.018 1.05.
1.052 0.99' WEST POIN'l' 0.561 o.~
0.'....
o.~
. wmGlIAJd 0.08&
0.109 0.121 0.124 TOTAL '
' 100.000
.100.000 100.000 100.000 Tl'Ie !DiUll EEltitlt.ml1lt Shari let,forth abovi.hall be thl EutlUunll:lt Shan foZ' the _.
period commusdnr with'th" Commudal Operation Date of Batch Unit Ne. 1 and endiDr with the Commerdal Operation Da.te tlf Xatch 'Unit No.2 OZ' Decembu aI, ml, wh!'thenr If the 1lII'111U'.
The EDtiUement Share Alter F1nt Adjul'tm.el3t sbll be the EDt:1tlemat Share toZ' the perfod commt.ndnr with the COlZlmvdal Opei..uim Date at H'atclJ trait No. I 01' laDaar)" 1.
19'19, whidseylU' Is the urller, ItrXl.Ddha, with the Commuclal Optraticm. D,te ;t Vart!e UnJt No.1 or Dlcambu 81, 198~ whlch.vu II the earll<<.*
The EntftJ&muzt SlIare Alter Second Adjustment ahall be thl ErltiUtmlDt SlLu. for "the period. c;ommllldnr with the Colllmerdill Op.ration Date of VolUe t1:DJt No. 1 or laDull7
~, 1888, whichever fa the arlllZ", Rel IDdmr with the Commerdal OpIl"lUCJlilat. of Yoatle.
Unit. No.2 or DecwOer 81, USS, whichever fl thtl ea~lflU'.
The Elltlt1ementShare Mtu Third Adiustmllllt ahaJ! be the EntlUem.eat Swe for the period commenc:iftr with the Commerdal Operation Date of VortJe Unit No. 2 or JanuUT 1.
1984, wbJel1ever r. the earUer, and endlnr with the la,si; da::r of the term af the Contract; 21
provid.d bcW'&vu. that lD the eveat.Plant VOF!e is not ccD.tnu:ted. the EDtitlemet Sbafe AftU
.SecODe! Adjustment &ad the EDt!.u.mmt Sl;w't Alter Third AcJ,fus'ttaen'.&a11act be IppUabll.
a.nd the Entltlameat ShIn ~ter Fll:st,AdJUltmm& slull apply for the period CODllUrldnl with tht Commetdal Opmt.ioD'Date at Ratcb Unit No.2 or Ian..,. 1, 1919. whlCbe'fU II the urlier, and. endinl with tht 11ft., ~f tht tenD ot tht Contract; mel pmvided. ~Ir that the Authority, in &Ccordua with"th. 'PXD'riIiolll of S.ction 311 at tht Colltw.:t, will aell the outPut and IUVfcH ot such ~rid.d bltaatl In Plant Hatch atld Plant Voctta to Gtoq!a Power ComplDy.iD acc~1 with tht tolfowiDr tchedu1a:
(a) Hatch Unit No.1 m:l Hatch Unit No. 2.
po.." SIIP,b' ru, That porifon ot th.l'owu SupplJ' Year
- RemAinlDr After tbt CommerdaI Open.t:lon Date of.. Ualt of the P:roJect 60.0" Flnt Full POWIl' Suppl, Year
- roUowbsr CotD.mwal Open.tion Date 60.0'"
SlcoDd Full foWtl' Sllwl1 Year FollowiD.l' Com.mudal Opezation Date 81.1"
'l."hl:d 1WI P01t'1l'.8uppl,r Year
. :roUowiltr Commercial Opuatioll Da~
31.15"
- rcurtll Full Power Supply Year J'a~wiDr Commtrclal Operation Date 25.0" Ji'[f~:F1Il1 Power Slpply Yt&I' 70l1owinl' Cammudal ()perat!on Date..
25.0" SIxth Full Power SupDl;y Year FoUO'ft'br cOmmerdal Opel'Ition Date 12.67' S***nth FuU Power SlIpply Year Fol.1owi:l CommereIal OperatfoQ Date.
(b) Vortle Unit No.1 and Voatle UDlt No.2.
Eo"",.S."I,. Tat' That Porlfon of the POWII' Supply Year
. RemainiDI' After th. Commercla.\\ Operation Date o! a unat of the Project VUlt Full Power Supply Yat FolIowiD&' Commudal Opentlon D.. te 10.0" Second i'ull Power Sapply Year Foltowfai" Commerdal Operation Date "l'hlrd Full power Supply TW" Fo11owm. cOmm~a1 Owatton Date Fourth Fun PowV' Supply Year Fo11owi.1' Cammen:r.J Opention Date 2$.'"
Wth F'Dll POWII' SumTar FollowiQ Commercial Operation Date 25'.0" Sbtth Full PoYer Supply Year Fo11owm~ CommU'dai Opentlon Date 12.&"
Saveutb Full Power Supply Year
- rolloWtiI' Commerdal Operation,Da.te,
.Provided. laowever that for the p~se of dtterm1nhl1' the ~bp ~ output and..t.nfcq:
to b_ sold ta Gear"a. PCI'It'U' CompallY, th, ",at.Full Power Supply Yar. F911cnrl:a1' Cammer clal OJ)C&tiOl1 Date, with realJCd, to VoKtIe Unit No. IlhaD b. DO later th&n thi ca1eD.dR year 1984 aud 1rith respect to Voa11a Unit No. 2lhaU be 110 later than the c&1enc:lar year lIIas. '"
the ~taP of output DId auricu ta ha sald (whm luch output and Inca are anDUI.
for Illch &ale) sbaD. be taken from the tor"CI.schedule fot tb. a.ppropnltl flU' ballet upon the CDDdusfve presumpt:f0J2 fhat tl2. eommudat OpentfClZl Date at Voatle Uait: No. 1 iI no lata' thm thl 1ear 1983 DId that thcr Comm.rdal Ope:ratioa Dat. of Vostla UDff: Na. a11 no later thu tile year 1984, and prcmcled, turt:her, that lbe UIlotmt of such C&pad't7.ole! to Geazo.' '
fla Power ComplJ2l".ballllot cCAIed 21" of tM Authoriq'. cnrnarshJp Ibn of the eApadty of Vostle Unib Nos. 1 laa 2< over the useful n. of Inell 1dIlt..
It ia tmdentood that there llhall not be alQ' nc!w:tloa mEDtitrem,nt Shar.. of the Par.
tidpanb II.. rault of.ach I&lu of oDtpnt aDd serricea to ~ PQ1JV CompaD7'1Dd each P&rl1dpa.ut ahalll'emdn Uable for Jt,s full E:utttlcml!!Dt Sbue except.u41 ~abmt:.T.~ be dilclW'iPd to the u:~ the Authority rlCe!v. pa;rDW1t trnm, Gecrafa. Powu Comp&D7..
D. PARTIClPANTS* Em'I'I'LEMENT SHARES OF SERVICES'()F TRANSMISSION SYS'I'£.~ FACJ!JTIES INCLUDED IN THE,ltOJEC'l'.
. Tlu Pa:ticfplll\\u' Eotitlement Sharll 01 ~cu of TrlNiolWon Sy.t.em PacDlti ** included In the Project' Ihall be detel"lllfnecl by Uti. Authority dwina' -.c:h Power SuppJy Till' In ac~.
dana! with the proWloo. of Sectlon 808 ot the Cantract.
.AMENDMENT POwER SALES CONTRAOl' MUN.ICLPAL ELEC'l'lUc, AUTHOtuTY OF GEORGIA 4I1d THE UNDERSIGNED PARTlC1;PANT
'Ib.iI ~dme.nt of ContllCt, m.ICle and' altered into u o.fMazch 1.1~G. 'by and bitweeD t:be MIIDiriptl.J;1,c:tr1~ Autborit;J or GeoqIa. I. pubUc body corpan.ta and poll.tlc and.. public corporation of the State of Gte. hereinafter IOlDlba desfpated u th. Authorlt7, created by the PlOvfIiocI of I GL L 19115. p. 107, u amended. and the undmlp.ed polit1c:alaubdlriaton of the Stat.. at ~qSa. btteln.aftlr IOmetima duipatAtd.. the ?attd.pm.t.,
WITNESSETH TBAT~
BE it remembeRd that a Power Salu Conmct dated &I or Od.obar 1, 19'75, hu been prmo\\lll:J ueeuted by and belween th8 Authodty md the partldplAt, md WHEDAS. the partfa desire to amead uid Cot:l~,ID c:Ut.Un rllpecif.
NOW "I'H.EREFORE:.'
11'01'.rut ~ conJlderation of the PltUIS and the mutual COTtomtJ ind qzeementa herem4 after let forlh. it is...db7 and between the parttu heRto u foUow.:.
',Sectioa 1. ~ Power Sala ~.atract.s1Wl be dated.. ot Much 1.1976.
Sec:ti0ll2. Section 102 (1) (8) '01 u.kI CeIl.Qact ill dlleted fa it. entirety mCl tb. following ziew Scctfoa 102 (1) (3) iI.ubstitut.d in neu thereof:
"(3) acquJIitson of initial fuel or fuel inventory founy leneraUol:I tacDity of the Project and iororkiul capitIJ uu:I tII&1:'YU thu.for and WCltJdI'l( capital end :teRZV. for woad. "'el and addi tloD&!. tIlel mvmtari.."
.s.~tio.a 8. Sect1,pc,102 (n) Df "Lfd Contnct II &mended'b1 del.e~1 the 'IrOm "~tPl1t" in the fo1tJth !me thine!.
S.d:iQl! 4. Section 102 (0) of add Contract II deleted. in its enttrety md the follo'l'rin.i n.w SIc:t.itlll 102 (0).Is IUbdituWd In Ueu thereof:
"(c) 'Fuel CoIts'.JWl IDem all con. fncuned by the AutnClrity d1.Uinl &Ill' Power Supply YeU' ibat: in allocable to til. ILcquiAtion, proCllJiDr. tabric:atioa, tnnaportatlou. daltvmnr.
- rIrproc~ &tor.... and dJspoal of nuclear mated'" md of laND mat.nf.aJa PtqUired for an1 al tn. lenU'&~on :Cac:Ditia of the PtoJect, fndudJ:q transten to reHl'V. eltabJJshed bJ,th, Authqri*
1
- e.
ty fef sUch costs tlelated to fU~rI Power Supply y~, lea aedita related to such casts appned as appropriate in the dilCletion of the Authority.
Sectio" 5. Section 102 CI) of Iilid Contrac;t is deleted in iueRtUety and the rellowina neW' Sectien 102 (I) illubstituted in lieu thereof:
"(I) 'Project' shall mae those electric leneration and L'llated transmissien facilitiel wbi=
are ldentH1ed in' the Description of PreJect and thOle tnnsmiuiOZl.y.UIIl facil1tfa to which reference is made In the*Description of PreJect. to be Icquired and collrtructed by the Authority durin. the t.im~ prier to the Commerc:fa.l O~at1on Dile of the lui of the ienentinl facUlties ef the Project. to be completed in erder te meet the Authority', invatmcot responslbillty durinl
.uch time in connection with any altument for an intecrated tnr\\Im[ulon l)'ltem to whleb the Authority may be a parlJ in accordance with till proYiJiODI ef Section a02 hereef, waether with (l) any ED&jor renewall, replac:.mentJ,* r.pairs, addltiona. blttumenta and improvementa Deep.
aary, 11\\ the opUdon of thl ConlUltUll Enpeer, to keep the ProJec:t In loed operatilll condition Of to pi-vent a lou of revenue thtrebem., (U) any major addition-. lmprovemmtl, npairs an.~
medif'"a'tlonl t9 the Project and any decommi..!onblp or dbp.OIalI ef the Project, req\\1h:ed by any lorGnDleDtal qenc;y.bavin, Jurlsdic:tlon over tbe Projec:t or fer which thl Autborit)r ibaD be res-penlible by virtue of any ebUaaticl\\ of the Authority winl out of any c:entract to which the Authorlty my 'ce a party relatfn, to ownmhil' of the Project or any facility thereof. Uld (iii) workins capital required by the Alltherity durin, conltn1ction of the Project; and for the. pladDf of the Project [n opcaliCll for pro¥ltllnl Bulk Power Supply. includln, Supplemental Bulk Power Supply. to the ParticIpant" SectfOIl 6. Section 401 of said Conj;ract Is delited In Iii IntintY and the foUowina' new Sectlen.'401 fa lU~tuted mlie~*theraef:
"Section 401. The Authority will provide or ClUSe to be provided to the ~cipant lb Supplemstal Bulk Power Supply durinr each month of each Power Supply Year. Such SUpple~
mental Bulle Powef Supply may Include. but sblll Det be lhnlted to. partial and fun requirement.
pO'Wer parchues and UDft power leMet, ierU!l'atfnc capacity reserve service, firm and noJdhm caplcity lind enl11Y IIrvlCe. trmlmillien lemce (includin, t:n.DsmIulOD IImce puzchaled by the Authority to supplement the Participant" Entlt1emtnt Swe of tranmUal~n IUYic::es provided by.
the Autboz:ity from those tlilnamiufon SYBems tadlWes included in the.Projed) and ether lnterchaap service made an1lable u a rtlult of tnnsactiolll with ethll' utilltia. '!'he cDim to the AutbontJ' of.electric power and enulY pUD:based by the Authority f:am ether utDltlu hued upon tariffs toed b)' IUc:h other utilities with the Federal Power CommiAitnl will hi directly refl.cted In the monthly BfD.1nc Statement; to the Putfdpant. Such menthly BilllnI Statement will include a credit for Nc;b delivery point trmamiuion faci1itiea u are owned, financed. or operated by the Puticipant.**
Section 7. Section' 501 (b) of add Contr~ct 11 deleted in iti ent£rety and the foUoWinI nlw Section S()'l (b) fa aut.1ituted In ]leu thanef:
"(b) Additlond Bondi mlly be.old and Iisued by the Authority in accordance with the provialOZli of the Bend Ruelution at any tfme and from time to time lldhe nwnt fundi 11'1 required to ~ t.he COlt ef (i) any major renewals. replacementl. fepain, additien" betterments.
or ~provements. &0 the Project nllCeilUY. in the opiniollof the Comwtin, EDlin.., to lceep..th.
Project fD.,eod epcrat5nc cond1tion cr to prevent a JOII of rAVlJ1uel therefrom, (ii) IlI7 ~or addlUen.. Impro~ents*.repair ** or mcdificationJ to the Project, qr aDy dacomm.!uionlnp or df.lposall of tba.Prolect,. lellu!red by my,ovammentllqency havin, jurildlction ove:r the Project 2
"\\.:,t.,;. e -...'
':-" ' ~.~ '.)t.:J: :::.~: r~.l.tt or tor which tM Authority shan be r~pon.&ible by virtue of a.ny obnption of the Authority ariainr out,ot any.~tract. to which the AuthQrity may be a pa.rty rrLaC1n, to Dwn'a:sb1p at ~hR Project or ~)'" facility thereQl. or (iJi) r~oad fuel or additional fuel inventor,y for any srnerallon
!acJ1it)'. ot. the Project In any I'ower Supply YelV' to tb. ex~nt that I1.Itticie-nt fundI lite Dot*
.van.tar. in any reserve liIt.ablished by the Authority lor Fuel Costs: p:oYldecf boweYeI', that no lIucli additionlll Bondi l'Dlly be istued !or the purpose of alidtng addtttonalleneratinsunits to the
'Project.
Section 8. Section 501 (c) is deleted in the iu rn'tirety. and Section 501 Cd) 'I renumbered
~~~~'
Sectioll9.. ne.,ttachlDlnt to* &aid. Contud entitled "Dac:riptlon of Project.... acd "Schedule 01 Entitlement Shatelot eonlilt.lnl of nve pas.. is deJet.td In ita en~ty md the
~ptioll of Proi"' aDd Scbedule of Entitlement Share. attached hueto II IUbitituted. in Ueu thei,oL
~OJll0.. Slid Cont::raet shall remain in fuB force md ~tect except u her~in amended.
IN WinlESS WHEl\\EOF, 'Iba Municipal Eltc:trlc Authority ot G~qp. aDd the Y~PIIlt haye' C&UMcI UdI A:n:Iend~.Ilt. 01 Contract to bt exICU~ in 'their corpoAte nama by theI:r dub' authorized ourem il2d thllr corporate ** to be hereun.to tmpreucd and atteltld. III..ot the '
day aDd,till15m.bon written.
1:".... '"....
A'I1':
- e
/'
L THIs PAGE lNTENTIONALLY LEFT BL.ANK.
DE5C.RIPTION OF PROJECI' Inltial Fac:i6tic5 The initial t'U:Ditia of the !'rClject.n.lt be the foBowing:
. I.. InitW ~Ktric ~enCnion and R.l.a.t.ed TImsmiuiol1 Faeflities InclucW In'the Project.
(a>
Pl.a:Dt Hatch.
A JlVlDtean md SIwn*tentha percent undivided lntehst mthe twa. 807 MWe nomlnaJly rated nuelta:c SeJ1emttn, units to be known u the Edwin I. Ha.t.ch.Nucllll UDltl, Numben Ona
~ Two, (indiriclual1y delirnattd.. Hatch Unit No.1 and Hatch Unit No. Z IAIl collRt;l.lly du1anated u Plant Batch) to be located near Sully in AppUna County. e.a. IDdudfutfot
.uch unttl (1) lan4 dt.I.IDn.bld md delCribttc! lA the recordc of tbe Ole:k of tbe Superior Court of Applinl County. Geoqla, mPI...t Book I. pap 3&. and In the nccmil of the Clerk of th. Superior Court of Toambl County. Oec;q{a, ml'b.t Book 11, pqe 84. md aD larId tfJhtl pec:taf.u.iDC thereto. (0.) the !lucIeat POWII' mctcn, the turbln.generatoD. the buildmp ~ the lime.
the associated au:r.iIiarits IUd e(lutpmellt" and the l1Ia.ted t.raDsmillion !adl1tlu III u mOte put!
cululj described In the ApPlJcatiOft. aDd amendments thereto. oy the Geoqia Po'tt'U Compmy before the Atomic Eacv Comm_on In Docket NOL 50*321 md 60-88f md the P:tw1imJuxy St.fety ~ ltapo.d,.ed amendments thueto. which c:olUtib.tt.t a put of IIICh Appliaifoa, (til) lnvimtO.det of r.naterfalr. roppBa, full, toola IDd Iquipmect for l.IH*lD collDCd:loa with PJmt Hatcb. end llv) tb Plut JU.tcb B.ailzoad debated and dese:iW in the r..cordl of ~ Clark *of the Supuior eou:t. of Applin&' f.oUl'lty in :PJ.d. Boot 8, PII1I36, 87, and 88; provided. hOWlYe:r, the Authority.blll haM the deht lAd power to.eU to any OlJe ot mon of U!a poUtiellluWivf*
- .101\\1 1iIt4Id In the folltnrinJ &;heclule of Entitltmmt Shi.t:tI ",bleb Ihall not ~te a Power.
S... Coll'lzsct,with tM Authority NCb portion at ita uncUvUiid intlnlt mPLaIt H&tc;h ~ the Authority.ball be lawtullJ.' oblfpted br v.irtI.Ift of any COl:Itzactua1 obliption af the Autbod.t:y to.
..Dto IUCb politiclllUbdlYbiolU to satisfy the UCIbH coDiiltioCl pertt.fDJnr to Plmt Hatch.
(b) PluIi Vo,ue*
.A,omteell*and &eYen-Wntbl percmi undMded Interest In the two *11&0 MWe maiml.!=
rated nucIe.. lenemm, unltI io be moW'll.. the Alvin W. VOrtll.NucLlu UIdtI. Number. On.
and Two, (indiridually dtsipatld u Vopte Unit No. 1 M.d *Vcrtl-Unft No.2 _
coDecttvel,.
daian.ated.. Plant Vo~) to be located ZlItU' Warn.bOlO ba Bura CoUl'ltJ. ~ blc:ladina' for IlUcb anltI (1) lmd delm.awd lAd dacribed In Georpa Pomr.ComplA1 Map J'De 1II.a-115 dated M'arcb 15, 1976, to be ncotded In tbe ncom of lb. Cllfk of th_ Superlor Cow:\\ of Burkl ColUlty. Geo:lia.nd aD lead rflbtll putaSnln, thereto, (il) the nuc:leu power r...:tcm, the tuxbin..pneratou, the buildmp baualDl ~. UlIlI, the lUIIoci&ied awdlflries 1M. equ!pmaa.t, a.nd the related 1::rInIml.sIf.on tacilitlet all," mora partiC't.l.larly described ~'lb. Applii:l.tio!1, Il.Id amendDlenti tlwe&o, by the Geo!pa power CompllAY belon tbi Atomlc ilDci7 Commlsafoil ~.
Docket NO& 50-4,2' IIld 60-428 IDd the PraUm1Mry Safe17 Anal.,. Jliport. IDd amand=entl tbaretc, "bicb constitutu I part 011Uc:h AppUcation. and (W) [nYlTltoliei of ma.t.lrfala, IUppU.,
fuel. tooJs and I'lWPEDClW for UN In cOllJlecUon with Plant VoetlI. prorid.td* bo,..trrcr. In the event 'for any reuaa Bondi III not baued for that porttou of the P.ro,J.c:t dalanlted.. JIIant VoatIt, the lacWt:i** ducribed in t.bIa IUbparalfaph (b),shill not hi a perl of the.ProJect.
(el Plant Wa.rubIy.
A tan pezctni uruUvfded intftut in tn, ~W'O ~66 MW noriW:u.uy rated ~o"'~d 'Inuat1nr I
uDita ~ be knowa II tht Hal Wbiley Steam PlInt Unlb. Number. Onl lI1d Two, (lndIvldually d....ted u Wamlly tInit No. 1 and Wwley Unit No.2 and coDec:tiye)y delipn.ted... ~t Wsnsley) w be located IlIU Ceatralba.tcb.. jn Heard md ~n Counties, Geoqia. lndudhil tor such uzdtI (I) land" dtiUneated and described fa Geoqia Pomt Company Ma.p-PU. 1t*8-1 datAd June 5, 1972. to be recatded in the recoxdi of the Clerb of Superlor Courbl of Hew and CuroD Cotm1:1el. GtoxP, ad aU land rf&lib pertabUn. ~ueto. (ii) the tu:bine-rmuatan, \\he boUeP.
,'the \\ndldJnp hOUlq the.... the.tack. the c:oo'Unl fuilitia. the Ulodated.u.xlli&riaIlUld equ.fpmeat, and I:bI! related t:ran.wmIssion facDltfes all It mOM puticuJarly ducribecrin the en;.
w:onmmtal impact. liatliment %'IlatinI to Plant Wansley, md (liS) In-verdon8 of matemli. 1Up pili.. tIlel" took and equtpmmt for UII mcomaediem wltb Plant W~ll. provid.d,.~wll¥". in the eVe-qt for til,. :leUOA Bon.dl are not iIIutd for t.hat portion oUhe ProJec:t delfanated IS Plmt
. WansleY', tae fadlltbrs dllc:ri.bIId In tbJal\\l..bpanpaph (e).bIllnot be. part of the holed:
(4) P'Wlt seberer.
A tan petelnt.* undivided Intewst. In the four 810 MW nomiDally rated coal*flred,eIluatinl un1~ to be.la\\owa u the Robert W. Sc:he:el' Steam Plant UIlltl, Numbm One, Tlro, Tht... and Four. (lndlviduall7 dafp.ted u $chlm: thUt No.1, SeheraI' Vall No.2, Scherer Unit ~o. 8, IDd Scheru Ualt No** IlId collectiVity dutsnated u PlIlIt Scherer) to be located near Forsyth in MoDtol CouDt:1. o.otrlat ineludJAa to: sucb units (i) land dellnaated and dllc:d.bed mGeoqia Power CompGJ Map :m. N-8S.9 dated Dt.t:lmb.- 19~ 191f. couWninll.pproxlmatllJ twenty
.eYeD hUDdnd 1.Cftl, ~e.r: with sucb additional land of approximately ten thouund acr..
aeqWrtd or to be acquind foC' UIII In cOMett:5on. with Plant Seherer. to be ftCOrdtd In the r.cordl ot tae Clerk: of Superior Coart of Moaroe CoWltJ.. aeorlia md aU land rilhta pertalalulthfQ:eto.
(ti) tb. turbm...neraton, tJJe boOIn., the bUlldUip housint the ume, the rt&cb. the Qoollr.t, fadlltles. u.... llIIocfaMd.auxDil%ifill end.quipment. md the related triDs'lD.illlton fac:ilIt!et all' as
, mom puttculufy described 1ft the eDWolUDlJ1ta1 impact statemtl\\t mlati:q to Plant Scbuu:and (11),mYeDtOria of _tedaJ-. lUppUa. fuel. woll and equipment for use hi CODDadIoD with Plant.
Sdierer. provided. b~"erer. in ihI **ent tor any muon 13on.dr ala not laue for tbdROrlion of the ProJ~ dtIIpawd.. PSant ~er, the facillties'ducnDed in tI:Ue subpararrapb (d).haD. not be a pm of ~ Project.:
(e),WorJdq Capital.
Work:U:zr c..pltiJ required by the Au'ihor.fty durinj coa.struetion of'th, P:ojed: mel for the p1acin, of the lroJeci in operation for proYidmI Bull:. PO'lll'll Supply, JnclUdInl Su.pplement.!
Bulk lower Supply. to all the Parttdpmu.
- n. IniUal 'l'J:mamfafou Fl.cilltiu Included ~ The PrOject.
Tho.ca ~ f~tfes to bot' acquired and:, CODstnlcted by the Authority duriq the "time pdctt to the Comme:rc:W.()pez&'uon Data of th. last of the lener.tfnc flcQfti. ot t.ba ProJect" to be completed in order to meet ita lnYf!ltmtAt nlpodbilit, dwiDllUch. time In conQection with an'1 qrHlDIl1t!or an IntlP'ltad transm.lllion I)'ltelll 1.0 whlcb lbe Autharlty ll'la.,. be. pa;rty In 'eeordd~ with lbe prorilfONI of Seet10n 302 of the Contract.
AddJtiolW !aci1ida.,
The Lddidcnal ~dlitia of 1ll.1t Project.ball be tltCli. addlUom and improvemenu to the electric,l.Qeratioa,lnd ntll:ted trllllmJuion faciUUu'lnd to the tr~Aidsi10D 'YItem facilities of the Plolect provfded for In claUIeI (1), and. (U) of Section 102(.) of the Ccntnu:t.
SCHEDULE OF ENTl'I'L.EMEm' SJWU:S.
I. PARTICIPANTS' ENTITLEMENT SHARES OF THE OUTPUT A.N1) SERVlC~ OF THE GENERATING FACILITIES (INCLUDING RELATED TRANSMISSION FACILlTIES)
INCLUDED IN nn: PRQJECT The Parttclpanb' Entitlement Shares of the output and strviCeI of the pnentin, tacilitin (includinl related traIl.mission iadUdH) of the Project. IJl.d of the mvica provided by the Authority in accordance with the provil$Onl of ' Section 308 of the Contrad. shall for each Pa:tJcipant be thou Entitlement Shuu lit forth in the (oUom( schedule; proviciad, however, that In no even~ IhalI. the Entmeznmt.baa of any Participant be lell tbm that let fanh in the fOUDwin. schedule and provided, further, tbIt In tnl ennt anyone or more of the polltfcal subdlvilion. Hsted in the fonowinc schedule shall not executa a Power Sal. Contract with the Authol1ty. the En~mmt Shan. of the remalninc Partlcipants, U lUeb Entitiement Shares Ire set forth m each colUmD of th. fDn~1 sc:hedule, =-y be increased pro rata by ID amount not excudinl rJ1teen percent of such Entltlemtnt Share. in order th.at the IWD of the r'emaininl Entitlement Shares in,each of the followinl co~umns."hen 10 ad~usted IIhall tot.a1l[rO~OOOw.:
Batltlallllllt Eat.ltJIIIl..t Eat.ltl_lIIt lv.Jtlal 511an AI'"
Blaan.utar 5la",.utv EDthl_t Flnt 15"-
nw Puticlpllllt
&lu.
AllJubamt Acljaata.a\\
"uJuca..t
~
it ACWORTH 0.610 0.",.
0.618 0.614 ADEL 1.418 1.220 1.162 1.1157
' 1'11.1151 12.468
' 10.412 ALBANY 10.048 B.AR.NESVlLLE,
,O.8M 0.469 0.422 O.4lJ BLAXELY 0.981 0.969 0.836 0.8119 TOWN OF BlUNSON 0.085
.O.osa 0.088 O.OSS BUFORD 0.1574 0.551 O.!SO 0.5M CAntO 1.318 1.680 1.807 1.'l'72 CALHOUN 2.266 2.638
'2.757 2.'193 CA1dlLLA LlC9 1.202 1.104.
1.086 CAllTERS'VlIJ,.E
&.zrr 15.376 15.191' 15.173 COLLEGE PARX 15.804 6.378 7.409 7.661 CO.MMERCE 0.760 0.&&2 0."15 0.687 COVINGTON 2.695 2.H8 2.667 2.f1l7 CRISP COUNTr 2.648 8.1155 8.869 8.410 DOERUN 0:129 0.128 0.119 0.118 DOUGLAS 2.306 2.640 2.607 '
2.609 EWiT 'POINT
'7.&62
- S.6fi2 7.101 6.976 ELBERTON 1.145 1.847 1.861 1.38G
. ELLAVILLE
!>.247 0.268 0.298 0.306 FA.lllBURN 0.544
' 0.1526 0.556 0.684 Fl'l'ZGERALD 2.329 2.'1159.
2.8915 2.912 FORSYTl!
0.182 0.879 0.967 0.988 FORT Y.ALtEY 1.647
'1.616 1.562, 1.554 GJUNTVILLE
' 0.090 0.089 0.088 0.082 GRIFFIN 3.1i00 3.080 2.911.
2.982 HOGANSVILLE 0.S31 o..sOB 0.296 0.294
,7
'JACKSON O..u2 0.15l"l 0.499 0.496 1MAYBTl'E
'L.A. GRANGE 1.639 4.830 1.618 s..ss9 1.&04 8J02 1.605 8.198 LAWltENCEVJLLE U.27 1.809 2.082' 2.141 lttANSJDLD 0.0151 0.03&
0.D2S O.OZ1' MAlUE'I'TA JO.6&1 11.&19 12.<<8',
lZ.688 MONROB MONTICELLO MOULTRIE NEWNAN 1.508 0.367 2.989
,.1.609
.1.422 0.884 2.981 IMS 1.4.<<
0.89S 8.0811_
1.'51 0.402 a.oal 1.&98 NORCROss cues 0.783 0..B20 0,841 PALMETrO 0.282 0.29'l 0J2S 0..8:19 QUI'l'JlAN 0.747 0.765 0.652 0.680
- SANDEltS'VlLLE '
0.881
- 0.81S 0.TI8 O.1'J1S
. SYLVA.NlA SYLVEST.ER mOKASTON TBOKASVILLE 1.757 0.9'"
1.299
'6.788 2.639 0.887 1.217 4.894 8.1142 0.954 1.216 '
.4.'09 8.099 0.9'13 1..2304_
WASBIN'GTON 1.018 0.9H' '
1.089 1*9S2 WEST POINT 0.661 0""'
0.4" 0.424 WBIGlLU!
0.088 0.109 0.121 0.12C TOTAL 100.000 100.000 100.000 100.000 The Initial EatitlUDeDt Shut Rt forth a.bcm shall be' tile &tttiement Shan for the paiod c:omm.ndn, with th, Ccn:llJDerdal Open.tion D.. tt 01 Hakh UrdtNo. 1 and mdfD, Dtcember 31, 1975.
The EntltJemllbt Share A.1't.tr Fbat AdjUltmeot shill be the EntltIemmt Stw:e fOJ: tIw period c:ommf!l'\\c::i.q Jmuaz71. 1979. and end!q n.c.mber 31. 1982. '.
'lb, EctiUemmt S1we :After Second Ad.lurtDltmt Ihall 1M th, Eotltlftl1mt 'Shaft for the period commenc:inl ~mUAr71, 1985. md erulfnr December 81,1883.
'lb. Entitlement Shan ~ Third AdjUltme:n; thaD be til.* Eatitlemellt. S1:wre for the pe.r.iod c:ommmcin, Jmuuy I, 1984. md e:idm, with 'the Jut dar o~the term ot tbct.CoI1tzact.
The Authority, ill accordance with the pmYislOni of BeetlOD 811 of the Contnct:. wU1 IIU.
porticn ot th, output and 'aerrica of lucb lIDdMd.d.fntueltl Sa Plant Hatdt. PIct Voit1e, Plant.
Wlmby. ind PleDt SchC'lll' to Gto:p.. Power Compan, ID Icconiance with Ib, foUowf.Dc
~ul..;
.8
l'.n.ta~
Chlll'taM
_"SeW.
1'..... S.p,b' Ten GLPIrw.c...
Th&~ POrtiOD of thI Power SIlPP11 Year.
Rl!IIlabdni After the Commercial Optntioll D&ta of a Ualt gf th, Proj~
60.0""
FUn FaD PCl'WIZ' Supplr-Yur FoU~1 COllllDUdal Opera~OD Date
&0.0" Second Full :Pow~Suppl,. Yeat FoDcnrinI Commerdal Opuati01l Date aUi" Thfrcl Full Power Supply rur Follcnrinl' Commtrda1 Opea~OD Data 87..&"
Fourth Full Power Supply Yell" Fol1c!wtD. Cammtrdd Opem~*D&te
.26,.0" FUth Full Paw. SllppJy Year FoUow~ Comm.c:lJ,l Operat1oll D..ta
.25.0" Sixth Full Power Supp17 Year P'oDc:nrilIa' eommerdll Operation Date 1.2.!~
S..,ath FWI Pow.. Suppq Year Fonowina' Ccmuzlerdal OpentloD Date lU" Tbere ~ball not be In)' xeduetiollin *Entltlement Sham of the PuttdplIDta u
- rault of lu.cb.*
..... at output II1d HrYfctI to Oecqia Pow. Compmyw each Putldpant.hall mDIin Babl, for Ita fuU EntfUammt Sbce excapt IUcb liabillty ahIll be dilchlllid" to the extent tba Authority raVel p~t from GtoX'lia Power ComPIR7.
U. PARTICIPANTS' ENTITLEMENT SHARES OP SERV1CES OF TRANSMISSION SYSTEM PAcn.rrms INCLUDBD IN TUB PROa;Gr.
The ParUcipeu' Entltl.ment Shares of Senice ot'I'l'IJUU::alalon Syltm FadJitles iilcludld
. In t!w Project IhaU be d.tumiDed by the Autbozity dUJ5n& each POlrU Supply Year In ac CordanCII with the provfdou of Section 308 of the Contrld
I',
'SECOND A.\\fENoM.E.l\\,"t lOWER SAL£S CO~7RAcr '
.M\\JNICIPAI, El..ECTR1C..\\1.lTliORJ1i OP GEORCIA wi
'THE 'UN'OERSICXEDPARnCU'A~'T
. "rhi. Scwnd,J,.,nUl'I1dmellt uf CUlItrlc:t, m~dc: ~nd l'ntcrcd Inla III uf1fIl~' !S. 1S1ii. II)' Ilnd b'~'L~n tbr
~Iunldpol Eloctrie J.utJwJly of Geor,1:I. A pubBc 1)Qd), I:Orpur.atL" Vld polftk: ;nd I publiC'. c:vrpttratlon of 1..110 Stille of C~,;b.lJ':ldnalt\\*r someltmes d**IIJlllt~-cJ u t.ht.\\"thfJrity, crr:atcd,by the pro~iJl"rII or I Ca.
t_ 19i5. p. lIr., AS amc.'ftdcd. Iud tb. undl.'rsf;nrcl pulitlC\\11 "ll.clhillun IIr tJ... Still" or Cml1'b. Ju:rril1l1Jtct
.coml'timfll dHfpalcd as dac ParUdplllt.
WITNESSETH:
TH*,\\. T:
If E it Il.'lhtmbc,'red tn" a,Power ~.b ~ntrclC1 lind 11111 Anamdmcnt. both dated U Dt March 1, 1Ir.8.
lIa"", b4.'C:tJ pt..'\\iously C.lCl'eutt'Ci by and h.twloll lht.\\uthorlt)* 0nd the: 1'lIltrdplillt. and
\\\\,IIEI\\£.-\\5, tht p~~. o".h to UII"nd said Cuntract in Cfmln mp.a:lI:
NOW THEREFORE:
Fur and In colICidmtiQll of th'. premises and til(' nlUNO! cQ\\'CnlntJ Inc! "lJIfmc:otl JII:r.rn:l1trr,.
forth, the.ullidetlq of willen is htreliJ. aeknowW,td,,tt f.r IFeecf~)' Ind b~a tJu:. p:trtJes her,m '.
UIOUOWIi SecdoQ 1. SubSection 102(,) 01 AId' POwer SaJr:s Conuart wbudn "ProportlonAl, Sh;n-fJ defined fr butO, deJe~ ID Its eDtf.rety.
, Sec:lfoll!. ScctIoa.4Q3 of"I" Colltnc:t is herC'hr dr_ted.lD ita.ntirety and the' rolklwu. MW Scc~a 403 f. 11Ihltltuled 10 It,1I tbu.cr:
- Sec:tion 403. Supplemental Bulle Powa Supply Taken By Paztlc:lpIUI~ 'Th. Partfdp:mt Jh:Ul t:iko aU vI lu SIlJll1I~mental S!lDc Pow., S'llPpJ,l~om the Authority and,l1li11 P:!'1 to the Aullaorlty Jts.
IM~i: OI.\\nDUd Supptancntal Colt! Jet lorth ill the P'Z1fd~nt', month)' JlJUna Statntlent u.
.a.c:tcnllIned In I_rdlilCc with Ill. forqoJl1I >>1'0\\11111111 01 t.h.II Artfclt I\\"" ~.ftJhznUttd by the' AuthOrity tD t.bo PvcI'cipi.nt. -
Section 3. S.ld Amcndmenl sl::aJJ be ell.ct"" for nch P¥ticlpanl i.s of thc tim. oC th. MAY. 11m.
n'lC'lfr nadIAI" Th. Authorlty 1'1. how".,.,.. authoria..d ta mate adllutmentl lrum warklnl ~pi~1 lor t,h" p.rlucl Irmn F~ 7, 1m, ttr the cl'f,..ctl~*" cJobt of thil Amrnr.b\\\\tr\\\\t to all*lt't tNt II.rI'IO\\mt 1w which t,h_
total oJ Ifty Partidpl'Il(', &c:wal bWlnp dU.rin1 luc:h ptdocl oC<<dcd ",oUt the total' or IUds biibnp woulcl
,h:1f'" berD undtr tlIe Wft-9 ta~ uId a~il&StmenlJ Ia IH;.: CO:'.i of power !\\IppIr dceloplIDCIl.
SKdoa 4, Sald Contr:1tt sh.:aU "1nI1A In lull forw l3.nd.tHed.. Ju:reirs Imcdid.
1
~............."..... w;.._........ "........... * *_. '.
...;,(;.._.. -.
e"
. TBIRD AM:ENDldEN'r POWER SALES CONl'RAGT BETW£EN MUNICIPAL EI..ECl'RIC AUTHORrIY OF GEORGIA AND THE UNDE.RSlGNED PAll'DOP,ANT
'IbJs Th1nI klandmtnt of Contract. inade and.ntel'ld mID u of F.bnwy f, 197', by md aMIA Ibt Uu.aJcipll EllCuJc Auth~ty, 01 Ceollia. I pubic body ~rpon" IACI poUdc IIDd.'pvbUa ccrpo~1Ioa o,LdIa State '01 Citoqla. htrdDafter.amltfme. dadpItI4 u III. Autholiq, cr..ted by !hi prcwIabu or,l a.. 1..1975.
p_ 10'7. u imlDcfa4; IIId the Wldaralped ~ IUbdMlloa 01 the Stata 01 Gtcqia. belCiD.aftcr IOJntIlma dNlpatad II tU Putlcfpmt.
WITNESSETH:
'IlLlT:
, BE It rtmea1bcrad that,. Power SaJa. ConUlct and ID ~t. both daM U oCWa.rdll.1976l lluh
~oDd. Aasendmcat 4&Ce1i II 01 May lJ.1977. had beI4 previowly UlCtlted by IIId 'bctw1c4 till Authom;y lAd tba I'Iztfcfpat! 1114..
WHEREAS. IIJd COAtnct contemplat.. wt ad.dIdoD&l pzojeCb may b. ~ by !be Aathazlty to pro
..u. *p~ 01 the'Putrdpuat'l bllDc power tel/.llfrtaatl, I:d It la AD'tI' deemed ~.u~ by the hrtk:lpllllt &lid m. Authadty that tha Authodty acquha addItklall palradal capacitY mpl1nl4a a portioq 01 saW requfnmmtl. ad WHUEAS. tbe Pvtlcfplflt,hu detelmlfta4 to 'Illir lata a !'rej.ct lWo Pgower SaIaI CGDiact of ewall ~te bnwitll with tba Authodt)l fa anI.r ta.Glble die AlIt.hcrity to ~ ita seftav. boa. 10 pcy the COIU of ~
CfIlzInI8IId c;o~ ProJI~ Two I'If,mel ta bdClw acd to calble Putfdpmt to recett-ClQtput IIld.rated.
IUricIIlIoID1rcIjc11'wo, 1M WmJE.AS. It II qlCUIuY md deafn1lJt to IlIIGUl tha udd POW1II s.iln COIltzKt. cauIItaIt 'WitIL till BoAd lWolutfoa, to &alble tho Authority to IItIblbtl rate. and dwtI.. II dellrab1li to ~COWIr COIU OlD
- comb_d bufa fw Sapp1anMAtal DuDe Pown SupplY aad 1he output IIIpplJe4 fram Project Two md 1Il'J' f\\lture 'proJectl
!".. wblda 1'aJtidpuIt IUY GKUte ~ COlI tract. wi to mlble the Aathodty to W,l:I,a441doul trInS1ctlOIli 'With relplCt to'the qutput IDd anil:es 011M Project themlDdv.
NOW'JHEREf'ORE:
For-m411! COIIdderaUon ot lb. premise. and the mUUld cO~.JWlts lAd. lpaJIlUlbhertlDatler -tfonh, the IUfBdnq olwbida II.bertby Kbowl.ifll4, It.la acre.d b, ancl bltweeD tbe putlu ~rtta u flllOWl:
J
Sec'daa 1. Tho,",r SaleI C01l~.1I U'IICIldcd.1s hanhy Nrdlu U'IICDIfe4 by I4d!nc It thAI clul o/s.c_
102 tM fdowil:ll dc6.llitlolll:
(1) "'h\\)ject 'I"n-dull melll the AlnharitJ'l _ODd pra,\\lct COIISfsd!'l ot Idditfaall 'IlIAltridld Ilu.ten.
z*l1&I\\1I W'miley and Schercr.acqultecl.,ursulat to 1St opdaa qrec:nent with GIoJtP.Powtt'Col!lpmy _ted..
01 AqUlt 11, 1~16, U Imcndsd.*...... project 11 dIxu"b1ll fA kdolll02(J) of the Prafo!;t Two 1't.1W1r SaJq Ccmtrut.
(y) ~t Two Pt.1WIr Salu CCJltrllCt"" Ihd DUliti that cartafu ConulCtdatlldu cltha d&tI hlrtOtolo tw&aD dI.t Autb.odty mel the PutIc:IPlrlt u tha aamlllll)' III ammdad Inn time to tfmI. rtlaUDJ to t!wt plln'lllOll orOI.Itput md relateelarYlcai hm Project Two to till Pvdc::lpmt.'
Secdoa 20 1'hI Power SlIt, Col11rll:1. &I I1J1Iltdld. b hCl1bi Iw1bu ImItldH by dcltdnJ s.c~ 40] m.ltl eradnty uull\\lba~tvUDlJa. iJIIl dI.c.rool r:U &'ol1owfq 4", SecdCll'& 401;
. "SIc;tIasl40r. SapplCJDaltil JWk I'owv Sapply ~ 1:17 thl AuthDdlr.
The Authodc)' w:OI pl'Olfcll ar calli to bl pnmdld to the lutld,pintiU SUppJemCDtal Bu.Ik POWC{
Supply duMa qdj mead. or.l."power Supply YIU'. Sudl Suppllmmtll JNlk.Power Sum may ID.
dudll, but abIIl not bl limited to, pll'till aDd ft.U1. I1quimslanll!Iml ponr purdl.aol. meI*umt pOWlr
..mOl. &1m and 1i.orWlml caplClty ad lurlY...mc, ~CIIl IICI'kI (lsdudJ.q trWmIaion
...mel puschued by the.4Iltl1* to..ullplemtnt tM PlrlfdPlIlt'. hit1l:m&t s&.u. aC ~
1IInicI. p(emacS by the AznIIodty rrom thOil b:1InII11isd01l1)'rt&m (adJdu Iacb.IcIed \\xl t1II Projlct) &!let ather \\zlteJdwl&t Mnlcl midi anilabla u a,.lI.I1t aC tlUlllC'dou wf.1la 01hl1 utIl1d1L SCc:tfOll 3. The Powet SIIu Con1ZlCt, U lInI.IIu4. 1I banb)' &nII.Au imatdlcl by dclsliq klrtioa 402 In ita Gltftlty and.rubldtulinllra IJeI.l tbcao/./oDo~ Dew Scctfoa 401:
- "*Secd'oll 401. Kita_ aw.. tor SDpplaullltaJ JuDe POTt'Cr Supply.
(a) 'l'b.e Autllority may combiA,. Am\\\\.I&I Suppillmll1t&1 Cont..leb the lIlAUaI COItI ot illY tubll pqlC~ ua6rtakaa by tha.4Ilthadty, fn.c1ud.int Project Tft. Cot whkfl,lhI P.u1klplllt b.u
..ucucecll colltrUt fbr'lM output md _t4IdllM:t. thenol,/or the pIIlP* DCt.ItIblI.th.In. ratea &!ld c:hIrpIt, or tba Authod,~'"m.y..tiabDab lor In,}' o/RCh 'DIll, 01' ccmbIDlJIoa thlno(,..pustc mra md ch.upr, " tht ~I:bl of tba Autb.odty. 1A.ltb.t cue [a acc:tIrdaacc with tM protflfoaa oC Sec1lon
..en (II) bmof..
(II). n.. Aaltllod't)' '1I1ISUbLlah. Ina malnte.ln flit and lI.~tory d._ad-char,.. wJdclI W1ll pronde R'¥UIlI~ 1.I1at III 1IIftldl:nt, but oaly IUIIldeUt, to ply tILe AMaal Supplcmmtal Cons.
whether or Aot IUCh Coall an camblnld with the W1IIIl toN aC US)' ftltun projlclllllUfartabn by tbt
~\\ltbafU)". 1ndudl.nIJroject Two. COt outpIIt Illcl..ni4a oC whldllbe Puddpllllt h&i UlCllted. I cCIII
~.
(c) ThI Autbod't)' WII ~.thI hrUdplllt.1I:h mcnm dUM' aKh PO'IIIIf Sapply Y,.,'by pttMlf.
Jq the PartIcipant whh '. BIIUq Stalarlmt ror tud:a muth Ira ICCOfIlIac. wltll tM "tal 1UId' chit,"
. uubUlMd PUl'llllllt to "- r~lOfq 'IroriafODI aC thfI Slet!CIIl402 11K ttl Supp.Icn&AtaJ.hJIc Poa-u Supply. Such mattllly.BtII.Iq Slatftluust 'IIIiU include I credit tor _
dill...,. point tn.oI.:IrIIuJaa fic:lUtfli u III 1'IWIICd. ftmuac.cI or apeia"d by tIw l'azticfPUlt. Sudl:8IDma S~alemeDt maD be p&lel hy
~.Partldp~~ on or before tI1a t.tIIib clIr 6am the dall orIUdi bin. AmO\\lAlI due "lIOtp:114 by 111&
JlutIdpJJlt 011 or baloll uJd data.aD bll' &!l adrUtioDll c:lw. 01 OM wi oaH,aIr(l-1/a) pereat fit m_1h fez.1dA a:lOIlth. or hctitlA dwlal, until 1:U amaUAt dtu II plld III ftIIL At..tudol.a 10wer 'Supply Yell,.""IIIU11tZIlI of biWDp abaIIlNt mada I:A accatd.anel1ritb. tILe pnMsloal atSec1!oIl lCI9 hanOI.
(d) 1a thI C'ICIIt lb.at:tb*.Authodty.,ublbha nflaIDd dwau put.umt to SccdOIl401 (iI) bateal to pCO'ItI,. I comblraed 1Iub. kmwrJ Supplemenlll CDIb 1114 UlDIIIl CQlta 01 lily mblle pro~
II:AdInlk.1I. by
- Authodty, irIcfudfD. Prqfect Two. ror U1I. QUlPUt IIIcl..~or wllJch lhll hi1:fd.
,PUll Au uccutia
- COAtru&,. dIa,Allib.lld<<), wIlldnatltt GIl dIG IllUn.I IQfIIIUIIt rabinlliad ~ tlII AIlthcricy to the Plldcfpmt PUl'lUlIIIC 'fiO SNb 402 (c) IWIl'llal that ClOUDt 01 til. lI'11'1l11u,. to II,,..
Cllnd by dIa Authority fr-a= the l'vddpmt punumC to JUdI rlUi md dill...mit 11 allocabl. to Iha
~~ or monthl7 Amlual SUPPWNUilul COIt:I. Such unOUIS" dI.II1 be thtI tll'llltlUlI to be receiVtd br
the Audlotlc,. trotA 1M Participant lIot dJoc.atel! by the A~IhOril)' to lIle payment of cC&u or illY au:h fi.I~lII pJoj.c~,vnultlt fa ~ eClllrnc~ rcJaUnt ro.~ projcC:U",
Sf:ctIo-... n. P"..., Sales CoalflCt. u amended, I.s hlr&lly JUrdicr arncnd.c1l by fcnl.lmbcrin.urcicrl1 SocUon J to's.c:'tbi,'ue." ud a&Uq uew Scdlon 3JJ(b) l'l Iud II (oUows:
"(b}'Da AuIhodI1 may)r.o ut.U.!:** sell.lIld cxcnlJllt electric capacity IlId eQcrp from th. Partid.'
p'UI', I!'addlmeat Sh&.ftt ofPrDjeetOnt.,..,btnC'fcr. irI. Us dlIacJfcn. 1%11 such lp.nacuon "an rnsonably
..ex.... '" naait fa. mote rdJlbSe or cccnomJ(iJ Ilvel1ll Bulk Power Supply ~ Lb. Participants.
'I'bI ant1dpdc4 pJ"OliilMda tlOSIIIUda sales or trlllJICUOU WII. 10 eM cxunt prsclkabl ** be admdcl in '
tIw A.nmW s,..JudFt and anr OIl rcvtQIoCCI "1llaDy r&Cdvc4 by the Authorily IS I mUtt ofNdi
.~~oiu If.IdI bI CNdJlcd 10 1M Panldpuu's EDtid.ement Shire or Annlld Pro~t COItI,under the
,~OfIIl' ~CI CcmIrMt."
~ S.~'COC\\lrlCt dull ~.m ruJI (ora and tlTeet II he.rcil'llm.ndld..
1N',W11'HESS WHDEO', T'ba....aIdp.. E*Lric AuLhoril)' or CeorP Illd ~ Putidpant blw ClUJe~ tJUi til Amlndmal at-CODcna to bt alQdcd ID their r;Clrpontc IIImU by tblir chdy luthorfud officen afta luctpdtll.O lUll. to. be Jilm;latoJraptcald IJJd 1\\b!dc4.'aD or"".,JftIf ylar fttit abavc wrlttm.'
MUNICIPAl. lLECTJUC AunlOlUTY OFGI!OIlC
FOURTH AMENDMENT POWER SALES CONTRACT BITW!EN MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA AND Th!I J'ourth Amendment 01' Ccmtra.ct, txW!. and uitered. tnto ai, of l4i.,- 1, 1980. D,. md btltvie. the Mui1.fcfpd Electric A~tlusritr of a_ail, a publlc body corporate md pQU.t1c:
allcl a public corpora'tlO2l of the Stata of alO1'ata. hentna.fter IQmet:tz:a. dlliJD,1te4 II the Auth~, er.ated by the prOvlllonl of I GL 1..1175. p. 107. u amuded. UId the undlrlfptd poUtIcallU~ 01 the State 01. Georlfa.. lst.re~after SIImetlm.. de.dpatld at the Partld.
PaJ;lt.
WITNESSETH:
mA.'l':
BlIl it rcnmiwtd 1hat a Power Sales Coutnct and III..A.ttwldmat. both d.af.ed u 01
.March 1. 1118, Ii Second A.meDdment dated. u c114aJ 28, 18T1. gel'
- Th.Ird Amall.t.lDmt &taw J'tbn1.ar7 1, m8, haVI bee prmOUll7.XlCUted by and. bthlreeD ill. Autbar.ity u4 tha Pu:t1dPQt" a%III
. 'Wlllt:Rl!:AS. the Fartldpmt IDd,the Authority bave dete:=me4. thai It
- thm belt
=
fDtereaia to AU thl Authortij'a1n1tr1ltl m&b1q'1I' tTnlta nrHgd. rour m.1Cb of PzooJ.~-DtIe.
nul P'zoi'ci 'l'wo and to acq'*e addltioail ImeraUD, capadty *1U't*t.uIt:Iall7 <<qUI! tl) the
. int.eresta io IOld mIccordaDee with the provfdoz:aa o! the Project T.bne Power Silu Omtrlet entc:ttd lDto by the Partldput aiId the Authoxtty.. of the data 01 fblI AlDRdmmtj _
W'HERlIIAS. It 11 Zltc:ePu7 ud d..s:r.l>I., to amad the wd Power SIla Ccmtnct, con.
Jiltat With the Bcmd lteIoluUODw to (I) rtddlD. the Projeet 10'aI' to a~ the mttnt1l m
. SchtnB UII1t1 Tbz'.. md FCNl' whkh. an to b. dlIpaMcl of by the Aut!lo.riV. IID4 (U) to rI'riIe th. acbedu1e at,ala of output and.uvrc.. from Schl1'l!1' T1zdta One and Two.
NOW~JLB:
Far IDd In C!)na1dara'tloD.of the prem.1l:a and the mQtual COVttnllDU a.'Dd a,lZ'HmlGti here
~ let fG:rth. tile mtflc:lcae,- of wbkh I, bl1'1by aclmowll!d,ed.. it is l.I1'eell bJ' md 'btItwHD.
thepartl..hereto..follow.:
s.ctfaa L 'lb_.ttacbmeut to thI Power Sal. Couu.ct entitled OESClUP'l'lON. 0";
PllOlBC'l"'; uamedtd. 11 bere'b7, lurthu amtDded 'by del.U:D& aectfol1 I(d) =ita cttrety &lid IUbaUtutfnJ ln 1lw the:rtOftb. tollClW1D,.tct1q J(d):
- Cd) PlIntScherer.
A teD pen:ent UAd!videa fDteren1D the two 810 'M.W J1omf1llll.,. nted ccat-1'1:ed ICleratfDJ umb tq lie bawD... the Robert W. ScherV' StlllID l'.Ia21t Umt.: Numbln One md Two (m
. dividu.:Jl1 du:lpatad.. SehUttr UDlt No. Oaa ud"Sehaw Unft No. Two) to 'be lDC:8tec:l Alar Fouytb. In' Hcm.rCII CmmtT, GaoI'll.. fDcludfD, 1.0'.1" WeA VIIi_ (I) lUlc1 c1.uuat.c:l &Dd il...
- cribed ma.orlla Pawer Com.pab.7 Uap FUt N-8$.8 dabid Deeembe'r 111, 1V14, contl.b:!lnl 1
apprcxb:tultely t'Wmty.pyUl hundred lUU, to,ethu with such additional land of Ippl'QD mately tID 'tbcn.wmd I.CII lequIred. or to 'btl acquit,d for use In tonllllCtion With PlaDt Scherer, to btl recorde4 in U. reeordl of tM Clerk of Superior court of lIcnroe CG'lUlty, Georlia m!!
aU laud riptll pettlblin, thll'lto. (11) tbe turbine-Jenera"" the boU.m, thIt l:n:rlldInp hovaf.r:l.l the same, the ItacJa. the CQolmg faeWUu. t.ha usadaW au.xUiuiu ad equ!p.rxumt,.
aDd the rtIlted trmmdsdon taclHt1u all u more partb:uJ.arly ctac:ribe4 in the Clvircmmmtal 1t:Dp.' at&t_at :t11t1D, to,Plant Scheru.,(W) fnVllbtoda of matu1aJl*. JUppliel, Al.Il.
tools and equlpmmt for _ in eouection with Plant Sdluv. ad (tv) an amo\\tDt e,,1UIl to 15.0 vereent of the cam:a:lO~ tldliUea of Plant S.cberer."
SectlOli t. fte attlcbmlDt to the Power Sale. Ccmtraet eI1Utled IISCBJI:DlJI..'Z OJ' EN*
~ SBAlU!lS", u.amended, b bueb)- flU'ther amltlcied 'b7 deletml Plant Sehetv
. from. the JChedullr at ule. of output and lerVial to GlOl'p PQWlr Compc1. m4 addln, a Dew.cWule of Ill.. of outpu.t &Dr.!.lI"Vicu to Georaia Power Compttl1 from Scherer Ull1u On. anI! Two II :follow.:
"']'h. A'ilthoi:lty, In acco:rdance wJth th. provisions of Sectlon,3U of the Contraat. mtPClt to Ml1 a po:rt;l= of the OIltplrt &lid. IvvJeU of the l':Oject to Georlia Pow<<r Com.p&D1 lD ae carccCl with thefoJlowm,'lICbedule:'
Jl'owv !l1QIIIJ:r Tar That Pori:1c:m of th.l'oWI1' Supply Year Rem~AftI:r tbeC~ ~t1OD.
])at, ofSc:he:r11' Um... OM or 'hiD nid J'ullPower Sappl)"Yur J'oUO"'N:ID, CCllllZlardaJ OperatioD Date.
~.o" SecoD4 :rnn Pa'Ilfll' Su.p:plJ Yeu...'
. i'oD'owtaa eom.m.n:4Il Oparat1oD Date 80.0"
'l'2:drd i\\!Jl POWII'Suppl;rYur J'0110"11iq ~ Ope:aUozaDat.
'10.0,,_
Fourth J\\1D Pawa' Supplr Yea' FoUcnrtDr Cam",.rd&l Operat!aD Data 60.0",
, ruth J\\Ul pOlfCt Su.~ply Year
- roUcwbl, CommerdaI OpIlllUoa Date SfXtb Full Pcrwa' Sapply Year PDUcntm, Commerd&l ~tfouDat.
Savctb PWll'nr1l' Sup;pl,. Year Followtnl~ Operat1OD. Dati!
30.01' Eflbtbl'ldlPower SupPI,rYa.r i'aliowiq CarDme:c1a1 Ope:at:ioD Date 20.0" Nfntb Full POWII' Suppl1'Vear.
FolJowm, Commerdal OptiDD Datt.'
10.0" The Autl:lari1;v 1:1:187. lu It. dhc::reticm. enabUsb concl~ve c:ommerdal operatlcm da. for UDiti of the Project for the p\\lZpOle of the fon'=1 1Cbedu1e and auch uta. may b. di.f.
fumt.tram thale COm.l:l:lwclal OperaUoD Datal **ia'blllhtd in.ecorduce with Seetlou 102(1) of the Contract. 'I'b. utabUabmmt of the forqaUll schedule S. !lOt lDtend":! to llmlt the powU' of tha Autharit,y greW ms.cu0tl 311 to..n ud exclwaJe power aDd eller-frOm
&be Project.".
2'
IN WITNESS WB'EREOY. Tb.. Munidpal Electric Authonty of Gl<irp and.' ~ partfcl*
pa.zat hay. eaUAd t&f.tI Fourth AmendmtDt of C4nir.et to be e.xecuted In their corporate.r:w:u1S.
by their Ifw7 autllcw.d officer. and \\btir coIpOrate,tala to be hereunto tmprased and at.
teSied, &11 o!Uic da7 and year ~Jt I~' wntttn.
~.
MUNICIPAL ELEC'1'lUC AUTi!OlUTY OJ" GEORGIA
..l*
I FIFm AMENDMENr POWF:R SALES CONTRACT BETWEEN MUNIOPAL ELECTRIC AurHORITY OF GEORGIA THE UNDERSIGNED PARTICIPANT
. This Mil Amendment of Colltract. made and eJlI.I:Rd illto a. of NO'fCInbcr 16. 1983. by and between the1durucipal Elccti:ic AUlhority of Oeorlil, a pu.bU~ body corponlland poRtic and I pablic
.Corporatioll of the SUII of OCQrpI, herr:iD.tCter sometimes dc:si.nated.. tho Authority, ctUted by. the.
provisJona of I 0.. L 1915. p. 107. u amended (Title 46-3*110 O.C.O.A.), &ad. tile Wldersiaru:d politicallubdlvWon of the Slate ot Oeor,ta. hereinafter IOmttimel dl:lipated. U Ibe ParticiJlllAi.
WITNESSETH:
13E it remembered Uat a Pawer Sales Contract aDd aa Ameadmellt, botb dated U ot Much 1.
1976, a Second Amendment elated. u 01 MlY 25, 1977, a Third Ame.ent dated february 1. 1971, Ind a Fourth A~lIdl11CJlt dated May I, 19110, liave ~Wl previously cMeIltcd by aDd between I.bl Authority IDd the PIu1icipaat; ~d WHEREAS. the Plrticipallt aQd tlll: Authority have datcnn1ned thai It i.I iD their bat interests
. that the Authority uudertake I touFlh project In accordlDCG wltb the provilioas of the Project Four Power SaJa Contract IIltered lnIG by the Partldpaat lDd the Authority u of the daea 01 ddI Amall:l*
1DCIlt, which is rusonably cxpectccl to rault ill a mare economical cwall Bulk Power SllppIy to tlle Parlidpant ud other polltica1lubdivilfol'lJ contrlclin, with the Authority tbcrctore by maklDi the output ud related.a"riea or,ProJect Four Iftl1able to thl: Partlc:iput, u4 by Itlab~* the Authority
\\Q rcartlJiae c:crtain &&J_.01 thIt output or tile fro,Ject aDd Project Fout to other' utilltlca which iJ iat_cd to ImproYll'l.lbitudally the matc.bJnl ot thl oatput of botll the Project and Project 1='our to the Put.iC'4put'lliulk Power Supply r&:quitemutl. lAd WHER!!AS. it u necasary and dellrlble to &mead the 'Iid. Power Sales Contract, couutc.at with the Bond.Resolution, '0 u to rcme the schcdulD ot J&lcs ot outFt ud wyic:es from VolLle Unit No.1 and VoJtle Unit No.2.
NOW 'l1iElIDOIU:
For iad In COIUidctltion of the prcaWCII and tJ,e mutual cOVC\\llanra,ud l,re&mcJltl.bcrc!l1&ftG" let tonb, th~.lIl'!cicmcy 01 wblch is hereby aclmowlcd&cd. It fa qrced 'by uri bctwcca the putJa hereto tbat aid Contract iI Atrther unlAded.. tollOWl:
Set1foa J, The Ittachlnat to the POwer Salll Contraci entitled "SCHEDUI..'E OP ENT:rn..E MENT SHJ\\RES". U IlDCJIderi, II hereby lurtlull" amellded by d&1~ the releron~ to lllllt VOltle trom tll,..chcdule 01 uJca*oI' outpu( and.emca to Georafa Power ComJll4Y, and addIq a Dew schedule ot..Iu of output aud ~ces to Georaia Power Company from Pllnt VOitllr u IOUCIWI:
The AutJaority. In accOl'dall= with the provisions IJtSeetiOD 311 of the 'ower Salll Contr&c:t. u amended. and subject 10 lhe prcMdons ot tJae Alvin W. VOltle Nuclear Unitl Nutnbcra Ono aad Two Putda.... Am_meDt, Auianment ud AisumptioD AlrCCl'l1Cnt, dated 1.& oI November l6. 19B3, betweeD Gcorlia POWIt Company Ind the Authority,,hltcadl.to 1111
- portiol1 or the output and lamca or ill Project One ownenhlp CJlthIlID:lllltln '\\COltie Un.ltI Numbers One Uld. Two to Georsfa power Compo)' in acclJrduc:e witllhe toUowln, schedule:
~
,e "A. /u to 11.966'1 Dr tba output wociatecl with the Authority_ Projea Ono ownership entitle menl in VOltle Units NumbcfI One ~nd 1'~, ~uch Wei Ihan be u rouows; That Pottion of tho Power Supply Year Rcmainin. Alter the ComtDcidal Operation Date or I Unit or Plant VoJlle 50.QIl, first FuJI Power Sup~]y Year '
, 50.0$
Follo\\lin. Cammcn:W OpmdOD Date Second Full Power ~un.1y Year Follo\\liDI Commad&J operatiOD Date 37.5" Third FuU Power Supply Year FoUowlqCom&nerciaJ OpcrltiOD Date J7.5~
Fourth Fun Power Surply Yeu FoUe,"a. Commacil Operation Date Firth Fun Power Supply Year Followla. CommCI'CII.I operatlon.Date.
Sixth Full Power Supply Year Followini Com&nctCIII Opentioi! Dale 12.5" Seventh Full Power Supply Year FoUowinJ CoramClCiaI Operatica Date 12.~,~
, MB. ~ to 7.345$ or the output woc1afcd with the Authority's Project ~o ownenhlp eutitlc*
ment in VOltlc TJDftJ Numbers, One aad Twa.1UCb sales to GIOrIiI Power Compuy,hall be cqv.al to 100'5 of the output lAd SCMca beaillllilll with the Commttdal OporatiOIl daw 01. Unit or Plant 1/ollle LDd continuial uatil the encl' 01 tbel rourteenth rull Power Supply Ycu roJlowio. the Power Supply Year in which the CommC!:daJ Opera.tion or, luch Ullit occun..
"C. M to 14.6851" or the output uioci&ted with the Authority'l Prqject One ownenhlp entitle.
mtrlt in VoJtlc Units Numbers One aacl Two. sucb ala to Gcorlia Power Company.hall be' eqw.1 lO lOO~ of the Dutput and acmC" bealnninl witia tile Commcrctal Opcradoa date 01 a UDit or Pllnt VOllle 1A4 ablll coatiaue until thelatct to oc:cur 01 (i) retircmcnt or IUch'UlLit. or (il) tho ftnt to O\\:C'Ur or the Iltllt date atlled lor the plY1I1eDt or the priDdpal or Bonda or at ptOYWou heiDI mlde tor Nch payment ill accordauc:c with SClCtioll 1201,01 the Bcmd Raolllt{on.*
"D. The Cltablishment or Ihe lorqolnl IChcdufc Is not intended to limit Ille power 01 the Author*
ity Iranted ill Section 311 to leU..lid uch,n.e power ancI encllY Irom Projm On...*
,SectiDn 2.. ne roUowlnl DeW lection to be kDown u "Section 213" is hereby Idded:
"SeetioD 2J 1. Resll, CDYInut.
The p,rtidplnt lireea llIat it wiU not, without the expras written consenl ollile Authority. enler Into any c:ontr~ punu'lnt to which. nonexempt penon.,reCi to take, or to take or pay lot. power purcJwed from Project One. For purpoaCi ollhe preccdillJ ICDtenc:c. *'noilex.empt penon" ahalI mean Illy entity which II 1I0t Iitate. territory. or pDlSwion or tho United Stal... tho Dfattlet 01 Columbia.
or any political subdlvilloa thereof, lad whfcb II not exempt Irom taxallon under Section SOl 01 the IntcroaJ Revenue code 0115154, u amlnded."
z
IN Wl1'NESS wHEREOF, the Municipd ~c Authority or Georail and the ParticipaDt nave ctu.acd thfa firth AmtDdmcDt of COAtract to be cucu~ in their corporate nm.ea by their. duly I
luthoriZed of5ccn aDd lbelr ~f.&te IcaI.t to be hereuato imprCSlCd lad &tteated, aU of the d:!tlt ItId ycar,finlabovo wnttCD.
MUNICIPAL ELECTRIC AUTHOJUT{
OF GEORGIA Approved /u To F~
BY:
~ h
- n::,o..oOtt--oo"('~__
Chaimun:,41
.AIT: t9 Q. ;: lUtiob= <
Secretary.Treuuru.
Approved ~ To Form l
BElWml HlNICIPAL ~ AI1'lKlU'n r:e GEmGIA
~
.. mE.ONDERSlGNm PARl'ICIP>>n'
. 'l'hi~ sixth Amendment of co~tract, Inada and en"tered into as of JanUari 1, 1986, by and. t;atweln the J.lm1cipal. Electr~c Autliori~y o~
Georgia, a public body corporate and*poll~ and II plbllc c:orporation of the State of Georgia, hereinafter sOll18t~. referrecS to u the Authority, created by the provisions of 1 Ga. L.U75, p. 107, as aroanded ('l'itle 46-3-110 O.~.G.A.), and the ~signed pol!tical subdivision of the. state of Georgia, he4einafter soretimls designa.tm
..as -the Participant...
~ I '1' N E.S S E '1' B:
BE i ~.remerabered. thata Power. Sales coatract and an J\\zre.nd-.
nent, both date:! &II of March "1,. 1976, a SecorX! AIIIeJl.ament dated as of May *25, 1977, II 'l'hird AnndDant. dated February 1, 1978, a Fcurt;b ~
mmt dated Hay 1! 1980, and a Fifth hlendmnt. dat.ad as of Mlvember 16, 1983, have all been executed previoosly by anc! between t:ha ~ity and the Parti'cipant; and WHEREAS, the City of Oxford ("Cxf~") Wich has pr89i0l81y "
received its wholesale power supply from the city of Covington bas
~.
requested.to becx:De a Participant, end "wa:mEAS, it is in the best interests of 1;he Authority, the Participants and O~ord for Oxford to beccme a Partici~t upon the "execution of a Powar Sales Ccntra.ct.
e*
e,'
bDf~...
For and in co~siderat1on of the premises and the mutual c::cN'I!QBDta end agreemeE!.ts he~einafter set forth, ~e 8uffic,le..ncy of which is hereby acknowle::!ged., it;. is aJreed by and between the. put:l.es
,..eta that said O:lntract is fw:-ther anended as folll:llWS:
Section 1. '!'he Authority is' hereby aut.horiz.ed to enter into
, II. 'p~~, Sales ~ntraCt: v~th 'OXf~ in substimt.udiy t:lw( tOll'll ~ this iOwe:t' Salu Ccnt.:c:act, as mrended, with such ~.. u my be reql.lired
,to make such contract'a,pplicable to OXford, and to pral1i~ OXford with
~ Enti~lelll8l1t Sbare..of 0.1911, aJld an app,J;opri~te 'l'r.n",ra~ssion Entltlemellt Share cillculated in accordance vith Sect.!oo 308 of the Pc:.Iwer Sales Contract..
Section 2. 1be AUtho.dty i. authcrbed ~ p.roriae II. portion of oxford's Eat!tlenle.llt Share from. this l'articipa.{lt 1 8 EDtitlemant Share pro rata with the otbel!'.Pa.rtic~pants approvinq'th1s Sixth
~t.
Section 3. '1'bis Part~c:ipant agrees to c~tii:.!wa obllgated tor its tull Intitlement Shue without dadUpt!on.for thtl pro rata,'
portion assigned by the Authority to Oxf~:' PrCN'ided hcwwer, that the ~.tty hereby agreeS that it will take all. necaBlaJ:Y action to
, enforce tbe payment of all sums due by Oxford for..its Entitlement Share, anCl thia Partlcipant shall receive credit for it. pro ra~
share of such. payment;,s.
Section 4. This S.ixt.b AnenChent shall beo::uwI effec:t:..b. ~
aucb ~t has been apprC!VWd' by Participants whose 1~85: 1'ransmia Ilion EnUtlazent Shares represent, in the Bgg%ega.t:e, not le8a thI:n 75' or the total hrticipanta' Transmission Entitlement Shares for 1985:
provl~ed, however, t.hat:. the Autt,or!£y matmake service to ~ord retrcactive to JanU8J:l' lJ,. 1986.
IN WITNBSS WHEREOF, the Mlmic:\\.p.J; El.ctric Aut:.hodt:.y of.
Georgia and the Participant have caused this S ixt:.h ~dment of contract t.o* be ~ in their QOrporate nan'U by their duly P1"tlt:ho.t
. j fzed officers III'lC1 their 'corporate seals to be heretinw mpre8sed and
. attested, all as ot the data and year' first. above' writtaa.
Apprc:Wed As to FODI.
~¥
: andSEPA po~~r t~ the Particlp~n~."
Section 2.
The Power Sales Contract. as amended.
Is hereby further amended by deleting eubsectlon 3Q2(c)(2) in Its ent irety Section 3.
The Power Sales Contract, as' amended.
is hereby further amended by deleting subsection 30BCb) In Itl entirety and by substituting in lieu thereof a n~ subsection aoS(b) so that when 10 amended lubsection 308(b)
~
.hall read as followl:
"(b) The Authority may assune responslbi I ity fo'r.t'r3llSlIIlas.lon of *SEPA' power to' Parttc:lparits and other cUltOiler. of' SEPA, prov(ded that the Authority shall recoller at least Its costs for luch transllllsai'on service.'
Durfng any Power Supply Year In whf.ch the Author,i ty' has resp~n~ibil i ty for
, translIIlsslon of SEPA power. such tranSllllll.lon service shall be provided by the Authorfty to the Particf.pants and other customers of'SEPA by accepting
, deJ ivery of auch SEPA power from SEPA, for the account. of the respective Participants and other customers of SEPA" to 'such ParticIpants and* other cuatolller.
system facilities Included in the Project.
to, incle"se rli Inve.bnent in, and the tranllli.lion IYltelll faci'll tiel as may and del,lvering sucti S£PA pOWII, through use ot the translIIl ilion and the Authority is authorl.ud annual operating costs of,.uch be required to provide such
transmission 'urvlce. " The charge3 for such service shall be calculated and collechd by the Authority as provided in' Section 308A hereof.
All amounts collecte~ by,the Autho~ity for luch translI1ission service shall be approprlately.credlted to Annual Project Costs In the same manner as other credits pursuant tD~ectlon 311*hereof.~
. Section 4.
The Power Sales Contract, as amended. Is ~er~by further' amende'd by adding a new section following Section 308 to be dllignated SectlQ~
308A to read al f~1 lowl:
"Section 3OSA.
Calculation,of Charges for SEPA Transllliulon Service.
The Authority sh.,1 utabl ish. ~ rati (expressed in dollars per ki lowatt per tnOnth and determined utilizing the annual dolJar costs and bIlling d-eterm,inants) f~Jr each month of the Power Supply Yea,r for' purposes of delivering SEPA pow~r to the Partic;lpa~ts and 'othet customer~ of SEPA which are not Parti.clpanta ('no!'lparticlpant custOlllen'r for each month of '
the Power Supply Yea~.
Such rate shalf be determined f9r each Power Supply Year by dividing the &IJ/ZI of (j) the Annual ProjeC,t Transmission
, FI xe~ Charges, (j j) the Other Annual Project Transm.'sslon Costs. and (j I j) amounts, If any, which IIIUSt be paid by 1he Authority for the purchase of transmiuion services for the Project under its Integrated transmission aYltelll agreemen't witll'other ut'llitles; in each "case al budgeted or est.imated to be Incurred for the Power Suppry Y,arj by the sum of (!l) the highu't annual one-hour Integrated coincident systelll demand of 8ulk Power Supply provided by the Auth,ority to all of the Participants, (b) the highest annual SSPA ca'p~city delivered by the Authority to the'
.-(
It
.'II1II Participants and nonpart~cip'ant custoners, and (~) lesa damand credits and tranllllission loues, if appHcable, incurred by the Authority under its integrated transmission system' _greement with other utilitfes that oIlre.
proper:1y ;illocable to,the SEPA capacity delivered to the P~rtlclplnts and nO,npartlc!pant cUltomer,. In each, case to be' suppl.red during the Power Supply Year; with the re.sult. further divld.ed by the number of I1Ont~I'ln the Power Supply Year~
The amount payable by each' Participant and nonpart icipant. custom,r for each ~nth of the Power Supply* Year ahall b.
the product of the rate, determined in accordance with the foregoing, and the SEPA capacity delivered by the Authority to such Participant or nonpartlclpan~ customer of SEPA during the respective month of the Power Supply Year, plus, In.the case of nonparticJpant customers of SEPA, any app I i cab I. surcharge."
. Sectipn 5.. The attachment to the Power Sales Contract entitled
"~$crtption of Project", as amended, Is hereby further amended by deleting
- . ~he paragraph delignated "AdditIonal Faci I iUes" in itl
~ntirety and substituting a new paragraph 10 read as followl:
HAddJtlonal Facilitiel.
The additional faclliUea of the Project ahalf be thOle additions and improvements to the electric generation and relaled trl,l151Diss ion. fae II i1ias and to the Iranlllll'lIlon sYlten lac lilt I~I of the Project provided for fn clau.".. (I) and (j j) of Sectlo~ 102(.) of this Contra~t; and those transmilslon sYlt~,facilities.:
renewal **
repIIc'emen t I.
repal, rs.
and addltiona,' beUerllent **
I,. ~...
Improvements, and modificatiOns tharilto, acquired or constructed by the l,
,Author) ty subaequent to the Camercial Operation Date of the last of.the genaratlng facl flUes of the Project to bl compfated (n order to meet Its Invastment responsibility In connectlon with any agreement 10r an Integrated trans~islion *system to.whlch the Authority may be I party *.
IN IITNESS IHEREOF t tbe LlunJcipai Eleqtrlc Authority of Georgia anJ:f the Participant ~hava caused this Seventh A.llendment of C9ntract. to be executed In their corporall n~s by their duly authorized offit:en and thai r* corporate sub to bs hereunto iDlP,rtned and atteAted, all aA of the date and year firat above wr itt en.
I4INICIPA( ELEcmfC Al1THORITY OF GEORGIA APfflQYED AS 10 FORAI:
BY: m'Y'\\ ¥a1.-t-lS" a ratan y.&~f' A
/) ArnST: @. ~~_,...:,
Gene Coun~
Secretary::Treasufer.
APPROVED AS TO F<RI:
AMENDMENT TO POWER. SALES CONTRACTS BETWEBN MUNICIPAL Et.ECTRtC AtnHORllY OF GEORGIA
. AND nIB UNDERSIGNED PARTICIPANT This Amendment (the "Ameadmcntj is made and entered into N ofJIII1U8r)' 14,
. 2005 by and between the Municipal Electric Authority of Georgia,. a public ~y corporate and politic and a public cotpOllti~n of the Sta1c of Georaia,. hadnafter sometimes referred to as tho Authority. c:rcaicd by the provisions of 1975 Ge9riia Laws 101. a.s ameodcd (O.C.O.A. § 46.3.110, et seq.). and the UDdeniped.poUdcal subdivision of1he State ofGeorgia. bcreiuafteuometimes designated as the PlII1icipanl W1TNESSETH:
WHEREAS. the A~ aDd the PlIJ1klpat CDteRd into a Powa-Salel Contact dated as of October I, 1975, a First A,mendment dated as of March 1. 1976. a Sc:coud Amendmcut dated U ofMay 25. 1977. a Third At,nendmcnt dated as ofFt'brual1l. 1978.
a Fowtb AmendmeDt dated 81 ofMa), J. 1980. a Flftb Amendment Qascd as ofNovember
- 16. 1983, a Sixth AmeJ:ldmeDl*dared as of January I. 1986. and a Seventh AmendtlleDt datcdasofMay 31,1989 (bcteiDafter "Project One Power SalesContract")j IIJld WHEREAS. tbe Authority and the Participant entered into a PO'NCl' Sales Con1raCt dated U ofFcbruary I, 1918, a First Amendment dated as ofMay 1. 1980,II'ld a Secoad Amt:ndrnent dab:d as of 1anuary I, 1986 (bcteiDafter "Project T'wo Powt:r Sales Contract"); and
WHEREAS, the Autllority and the Participant entered. into aPower Sales Contract dated as ofMay 1, 1980, and a Fint Amendment dated IS ofJanuary 1, 1986 {hercinaftc:r "Project Three Power Sale. Contract'1; and WHEREAS. the Autbority and the Puticipant catered into
- Power Sal", Con1rIct dated IS of November '16. 1983 md
- Fint Ameodment dated.. of IIDW11')" 1. 1986 (hmina1tcr "'Project Four Power Sale. CC?DIract); and WHEREAS. the Authon'ty aDd the Puticipant ~ to extead the tcnn of tJJe Project ODe Power Sales Contract, the Project Two POWer' Sales Cootrad, the Project Three Power Sales Contract IIOd tho Projec:t Four Power' Sales Coo.trad (hr:Rina1b:r sometimes referred to collectively u the "Power Sales CoDIncll'1 to the IDIXimmn period allowed by Jaw; and WHEREAS,* the Authority baa determined that it will DOt extend, existing genc:ratioD debt,. but excluding eXisting debt pertaining to wOrlcing *capitaJ,and msclear
,.G.~'
- ftIcl worldDg capital debt compo.., beyond the exjsting tenJ1 of ~ Power SalOl CoJl1rlctl; and.
WHEREAS. the Authority aDd the ParticiplDt wUh to proVide for
- method of allocation of the output and ICI'Vicca IDd com relating to Project Tw.,. Project Three aacf Project Four for1he period oftbe tarn extensioa of tho Power Sales ConInIc:ts pertaining to such Projects as well as providing for an amendment to the Schedule of Obligation ShaRI pertaining to ProjcctFour.
NOW 'IHEREFORB. for aod in cooaideratioD of tho prcmiscI m:1 mutual covenan1l and agreem.e:ntJ bereinafter Ict forth. and in ordcI-to provide Cor certain
-2
changes in the Power Sales Contracts, it is aareed by and between the Authority apd the Participant !:bat the terms oftbo Power Salell Contnld ahaU be amended u foUowa:
Sectioa 1.
EnenJion of tie Term of tbe Power Sales Contram.
The Audiority m:l ibc -PlIlticipaat.hereby extcmd the tam of the Powtr Sales Con1racta.. (ODawa:
(a)
The tmm of tho Project Ooe Power Sala Con~ is henIby ez.tmded fi'om Matdl 1, 2026 until June I, 2054 (bereinafte:r Project one Tam
- Bxteasion 'period).
(b)
The team of tho Project Two Power Salce. Contract is hereby extcaded &om February I. 2028 Wltil1uno I, 2054 (henrinaftcr "'PJoject Two Tam Extemion Period").
(c)
Tbe teuD of the Project 'J'hreo Power Sales Contract is ~Y exb:rDded &om May I, 2030 UIdil 1uno 1, 2054< (hereinafter "PJoject 'l"brec Term BxtcIosion Period).
(d)
The tam of the Project Four ~owe.r SalOl CoDtnlct.is hereby
~od fium November 16. 2033 UDtil JUDe It 2054 (hereinafta' "Project Fout Term BxteaIion Period").
SedIoIIl.
AJl9cation ofPmioct Two. Pmied1'hm and Project Four.
(a)
Proiect Two Allocatipo.
Section 308(a) of the Project Two Power Silla Conirac1 obliptes the Autharity to provide to each Project Two Participaat. and obJiplcllUCh ParticipInt to take tiom the Authority, the output ItId scrnces ofProjoct Two buod upon the nle:IlOd charpa atablisbed by the Authoritypursuaut to Section 307(a) oftho Project Two Pawer
~3-ATUlIU.,..,
Sales Contmct. The Authority and the Participant hcmy agRC that during tho Project Two Term Ex1emion P.aiod the oulput and services and costs of Project Two sbill be allocated to each Project Two Participant based upon a percentage derived. by dividing the total payrneDta made by cpch Project Two Participant for debt semcc aDd for capital costI during tho eotimy of the original tmID of the Project Two Power Sales Contract.
adjusted to praent value. divided by the total payments made by all Project Two Participanb for debt service and capital colli for the entirety of the original term of the Project Two Poww Sales Contract, also adjusted to preseat value (hereinafter '"Project Two Billing Sbucaj. The Present value calculation shalJ be based upon a discount factor equal to the wcishted average interest ~ ofdebt relating to Project Two during the CDtirety orthe original tam ofProject Two.
(b)
PrqjecU'lttee Alloc&tion.
Section 308(a) of the Project Three Powu Sales Contract obligates the Authority to provide to eacb Projoct lbrec Participant. lind obligales such Participant to tab from tAo Authority.. the output mel servic~ ofProject Throe bued upon therates and charger eatabliabed by the Authority purswmt to Section 307(a) of the Project 'J'bms Power Sales Coatract. The Authority and 1bc Participant hereby ape that durins the Project Tbrcc Tam Extension Psiod the output IIIld erviccs IIDd COItB ofProject 1brce IhalI be allocated to each Project TbJee Participant based upon a pcn:entap dc:riwd by dividiDa the total payment. made by each Proj cct ~ Part.icipaDt lOr debt aervice and for capital com duriD, the entirety of tho origiDal tenD oftho Project Three Power Sala Contract. adjUlted to prcac:ot value, divided by the total payments made by all Project Three ParticipuJta for debt service aDd capital costs for the entirety oftho original tenn of
-4 A"l1.Oll1187lUwl
the Project 'I'h1w Power Sal. Contract. adjusted to present value, (bBrcina.fter "'.PJOjcct 1'bree BiUins ShIrca"). The JRICIDI value calculation shall be based. upOD. a diJ(:oUDI factor equal to the avenge weighted inierat COlt ofdebt relating to Project 'I'hree durinS the coIiJety ofthe original term ofProject Three.
(c) trojOClFour AlIQi'ti2D.
Section 308(a) of the Project Four Powar SalN Contract obUptei the Authority to provide to QCb Project Four PB:rticipaut. and obligat:l:a sw:.h P8I1icipant to take 1iom the Authority. the output and seMcea of Project FolD' bued upon the rata mel clwps estabti&bod by the Authority pu1"IIWIDt to Section 307{a) of tJu; Project. Four PowcrSales ConIraCl Tho Authori~ and the Participant baeby ape that during the Project Four Term. Bxtcmsion Period the output and services and co... ofProje:ct Four shall be allocated to each Project Four Participant baled upon a pcrceu.t.aae derived by dividin, the total payuu::uta made by each Project Four Pll1:icipmt for ddJt IIel'Vico mel fOr clpitaJ costa durina the CD.titety of the ori,liDal term of the Project Four Power Sales O>ntract. adjusted. to pI1*llJl value, divided by the total payments rude by all Projoct Four Participants for dcbhervice and capital coati for the entirety ofthe original term of the Project Four Power Siles Contract. adjusted to preleD.t VIlGe, (hereimftet "Project Four Billing Sbarcaj.* The preseal value caJcu1ation sba1J. be baed. upon a ~tm.t
&.ctor equal to the avenae wciabtccl iDterat cost ofdebt relating to Project Four durina the entirety oftho origiDaJ. term ofProje:ct Four.
Additionally. effective ~ ofNov=ber 16. 2033, which it the expiratioa. date of the original term ofthc Project Four Power Sale. Con1nlct, the Schedule ofProjoct Four
ObligationSbarea shall be amended JO that each Ploject Four Putitipaat f ObUJatian Share Iha1l be equal to such Participant'. Project Four BiUin&Sbare.
Section 3.
The Authority hereby agrees that it shall not extend the tm:m. ofany crusting generation debt. cxclulive of existina debt pertainina to workina capital and D'lIC]car fuel worldna capital debt components. beyond the roUowiq datea: exiJting Ploject ODD gencttdioD deOt Ihall not be extcmded beyond MII1'Ch 1.2026; cxiating PrOject Two generation debt shall oot be ex:teDdcd beyoud February 1. 2028; cxiltins Project
'I'bme gc:uemioD debt Ihall Dot be extc:ndcd beyond May I, 2030; aDd ailtiDs Project
. Four ge:oeratiOD debt shall not. be*exteDded be)'uud November 16.2033.
Sectloa 4.
Th. Power Sala ContIacts u amended htqby shall contiDue in e.troct and are reaffirmed by the partiea. Tenna Dot dofiDcd herein ant to be defined as in*
the Power SII!ea ConCnctl:
SectfOD 5..
This Amendment IhIU become e1fective when duly approved. and executed andde.livered by the Participant, and wbc::a executed md delivered by the Authority. The Authority wiD only execute and deliver tho Amendmeat when it bas detenniMd that the AmeadmCDt or similar amc:ndments have been duly exClCllted ad delivered by each otthe current 1brty-ninc (49) Participants.
[Sip.bllel Appear on Next Pap]
-6
IN WITNESS WHEREOF. the Municipal Electric Authority of Georgia has caused this Amendment to be executed in ilS corporate name by its duly authorized.
officers and. the Authority has caused its corporate seal to be hereunto impressed and attested; the Participant hIlS caused this Amendment to be executed in its corporate name by its duly auihomed oflicCl"S and the corporate seal to be hereunto impressed and attested. and delivery hercofby the Authority to the Participant is hereby acknowledged, all ofthe date and year til'll above written.
MUmC~AL~nuCAumORITY OF GEORGIA Attested:
By. r:::.!. lA
[SEAL)
PARTICIPANT:
Cl1Y OF ADBL
Edwin I. Hatch Nuclear Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1>>
City of Dalton, Georgia Response
Dalton UTiliTIES Docket Nos.: 50-321 50-366 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D.C. 20555 Edwin I. Hatch Nuclear Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1})
Dear Ladies and Gentlemen:
Pursuant to 10 CFR 50.75(f}(1), each power reactor licensee is required to report to the NRC the status of its decommissioning funding for each reactor or part of each reactor it owns on a calendar year basis, beginning on March 31, 1999, and every two years thereafter. Dalton Utilities (Dalton) hereby submits the enclosed information in accordance with 10 CFR 50.75(f}(1) for operating licenses DPR-57 and NPF-5 issued for Edwin I. Hatch Nuclear Plant Unit 1 and 2, respectively. Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Edwin I. Hatch Nuclear Plant, is providing this information to the NRC on behalf of Dalton.
Based on the information presented herein, there is reasonable assurance that the funding necessary for decommissioning the Edwin I. Hatch Nuclear Plant, consistent with the NRC prescribed minimum set forth in 10 CFR 50.75(c), will be available on the expiration date of operating licenses DPR 57 and NPF-5.
Please advise if you have any questions or comments regarding the information provided herein.
Respectfully submitted, Enclosure 1200 V.D. Parrott, Jr. Parkway
- P.O. Box 869 ' Dalton, GA 30722 " 706.278.1313 "' 706.278.7230 Fax "www.dutil.com What is PO S SIB L E':
Enclosure Edwin I. Hatch Nuclear Plant Dalton Utilities Ownership Percentage - 2.2%
I 10 CFR 50.75(f)(1) Requirement Unit 1 Unit2 1
The NRC minimum decommissioning estimate, pursuant to 10 CFR SO.7S(b) and (c). 1
$12,622,0002
$12,622,0002
---J 2
The amount accumulated at the end of the
$17,405,531
$16,968,926 calendar year preceding the date of the report for
- items included in 10 CFR SO.7S(b) and (c).
3 A schedule of the annual amounts remaining to be See Schedule in See Schedule in collected; for items in 10 CFR SO.7S(b) and (c).
4 The assumptions used regarding:
(a) rates of escalation in decommissioning 2.42%
2.42%
costs; (b) rates of earnings on decommissioning 6.41%
6.41%
funds; (c) real rate of return; and 3.99%
3.99%
(d) rates of other factors used in funding N/A N/A projections.
S Any contracts upon which the licensee is relying None None pursuant to 10 CFR SO.7S(e)(1)(v).
6 Any modifications to a licensee's current method None None of providing financial assurance occurring since the last submitted report.
Any material changes to trust agreements.
NOTES:
1 The NRC formulas in section 10 CFR SO.7S(c} include only those decommissioning costs incurred by licensees to remove a facility or site safely from service and reduce residual radioactivity to levels that permit: (1) release of the property for unrestricted use and termination of the license; or (2) release of the property under restricted conditions and termination of the license. The cost of dismantling or demolishing non-radiological systems and structures is not included in the NRC decommissioning cost estimates. The costs of managing and storing spent fuel on-site until transfer to DOE are not included in the cost formulas.
2 This number is based on NUREG-1307. Rev. 14. for the burial factor (Option 2) and the December 2009 values for labor and energy factors.
The Water, Light and Sinking Fund Commission of The City of Dalton. GA D/B/A Dalton Utilities Nuclear Decommissioning Funds Investment Balances December 31.2010 (J) 0::r (1)
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Bank of New York Wachovia Bank Total Funds (1) 0-CarrvinQ ValuE Market Value flar Value CarryingJlall.l,MarketValue fl;u Vall.le CarrvinQ Value Market Value Par Value
- T (1) >>
Plant Hatch
- ,c
Unit 1 7.609,447 10,698.893 14.100,000 7,465.996 6.706,638 4,712,833 15,075,443 17,405,531 18.812,833 I>>
3
>> g Unit 2 6.584,338 10,430.519 18,200.000 6,460,213 6,538,407 6.083.231 13,044.551 16,968,926 24,283.231 0c:
0 :T Total 14,193,785 21,129,412 32.300.000 13.926.209 13.245,045 10,796.064 28.119.994 34,374,457 43.096.064 en
- tJ 3
(1)
- J....
(1) 3 I>>
Plant Vootle
- J
- J Unit 1 3.167,416 5,350.929 12,200,000 3,107.705 3,354,248 4,077,770 6,275,122 8,705.177 16.277,770 (Q
(;
Unit 2 3,112,634 5.373.810 13,000,000 3,053,956 3.368,591 4,345.165 6.166.590 8.742,401 17.345,165 tT (1)
(")
Total 6,280,051 10.724.739 25,200.000 6,161.661 6.722,840 8,422.936 12,441.712 17,447,579 33,622.936 2
(T;'
0....
(1)
Q..
Grand Tots 20,473,836 31.854.151 57.500,000 20,087.871 19.967.884 19.219.000 40,561.706 51,822,035 76,719,000