NL-13-0677, Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(0(1))
| ML13092A053 | |
| Person / Time | |
|---|---|
| Site: | Vogtle  |
| Issue date: | 03/29/2013 |
| From: | Pierce C Southern Nuclear Operating Co |
| To: | Office of Nuclear Reactor Regulation, Document Control Desk |
| References | |
| NL-13-0677 | |
| Download: ML13092A053 (120) | |
Text
Charles R. Pierce Southern Nuclear Re gulatory Affairs Di rector Operating Company, Inc.
40 Inve rne ss Center Parkway Post Office Box 1295 Birmi ngham, Alabama 35201 Tel 205.992.7872 March 29, 2013 Fax 205.992.7601 SOUTHERN ' \ '
COMPANY Docket Nos.: 50-424 NL-13-0677 50-425 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington, D. C. 20555-0001 Vogtle Electric Generating Plant - Units 1 and 2 Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(0(1))
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. Southern Nuclear Operating Company (Southern Nuclear) holds operating licenses NPF-68 and NPF-81 for Vogtle Electric Generating Plant Unit 1 and Unit 2, respectively. On behalf of the licensed owners of the Vogtle Electric Generating 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 contact Ken McElroy at (205) 992-7369.
Respectfully submitted, C1? Bw C. R. Pierce Regulatory Affairs Director CRPITWSliac
Enclosures:
- 1. Georgia Power Company Response
- 2. Oglethorpe Power Corporation Response
- 3. Municipal Electric Authority of Georgia Response
- 4. City of Dalton, Georgia Response
U. S. Nuclear Regulatory Commission NL-13-0677 Page 2 cc:
President, Comptroller and Chief Accounting Officer Ms. A. F. Appleby, Vice President, Treasurer Southern Nuclear Operating Company Mr. E. Kuczynski, Chairman, President &
Mr. D. Bost, Executive Vice President & Chief Nuclear Officer Mr. T. Tynan, Vice President - VogUe Mr. L. Ivey, President Regulatory Affairs Mr. B. J. Adams, Vice President - Fleet Operations RType: CVC7000 Mr. V. M. McCree, Regional Administrator Mr. R. Martin, NRR Senior Project Manager - Vogtle Mr. L. M. Cain, Senior Resident Inspector - Vogtle
Vogtle Electric Generating Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(1)(1>>
Enclosure 1 Georgia Power Company Response
Ann P. Daiss Bin 10120 Vice President. Com ptroller 24 1 Ralph McGil l Boulevard NE and Chief Acc ounti ng Officer Atlanta, Georgia 30308-3374 Tel 404.506.6766 Fax 404 .506.31 28 apdaiss@southernco.com March 8, 2013 GEORGIA'\.
Docket Nos.: 50-424 POWER A SOUTHERN COMPANY 50-425 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington , D.C. 20555 Vogtle Electric Generating Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(0(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. Accordingly, Georgia Power Company (GPC) hereby submits the enclosed information in accordance with 10 CFR 50. 75(f)( 1) for operating licenses NPF-68 and NPF-81 issued for Vogtle Electric Generating Plant Units 1 and 2, respectively. Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Vogtle Electric Generating 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 of the Vogtle Electric Generating 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 NPF-68 and NPF 81.
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 Enclosure
Enclosure Vogtle Electric Generating Plant Georgia Power Company Ownership Percentage - 45.7%
10 CFR SO.7S(f)(1) Unit 1 Unit 2 The NRC minimum 2
$234,250,000 pursuant to 10 CFR 50.75(b) and 2 i The amount accumulated at the end of the
! calendar year preceding the date of the report for $111,952,0003 $11 items included in 10 CFR 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). Attachment 1 Attachment 1 4 The assumptions used regarding:
(a) rates of escalation in decommissioning 2.41% 2.41%
costs; (b) rates of on decommissioning 4.41 "/" 4.41%
funds; 2.00% 2.00%
(cl real rate of return; and (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). None None 6 Any modifications to a licensee's current method No modification since the No modification since the of providing financial assurance occurring since last report. Funding is to an last report. Funding is to the last submitted External Fund with an External Sinking Fund the sources of from with the sources of funds
- Traditional Cost of Service from Traditional Cost of as ordered by Service ordered by the 7 Any material None None address reasonable assurance for funding decommissioining and include licensees upon the expiration date of operating licenses to remove a facility or site from service and reduce 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 non-radiological and structures is not included in the NRC decommissioning cost estimates. costs of managing and storing fuel on-site until transfer to DOE also are not included in the cost formulas.
2 This amount is based on NUREG-1307, Rev. 15, for the burial factor (Option 2) and the June 30,2012 BLS data for labor and Use of June 2012 BLS data besl correlates with the July 1, 2012, burial costs used for the burial escalation factor described in NUREG-1307, Rev. 15.
3 This amount represents the December 31, 2012 balance of funds in the external trust designated for license termination and does not include funds identified and held in subaccounts within the external trusts for spent fuel management and decommissioning of spent fuel facilities. The subaccounts include $11,223,000 and $16,381,000, for Units 1 and 2, r<><::n<>l~tI\l!<>I\I funded through in accordance with Georgia Public Service Commission Orders
Attachment 1 Schedule of the Annual Amounts Remaining to be ,",OlleICle'D
GEORGIA POWER COMPANY GEORGIA POWER COMPANY NUCLEAR DECOMMISSIONING NUCLEAR DECOMMISSIONING Based on 12/31/2012 NRC2 Cost Estimates Based on 12/31/2012 NRC2 Cost Estimates (In thousands) (In thousands)
VOGTLE 2 BEG OF Adjusted ENDOF BEG OF Adjusted END OF YEAR FUND FUND Annual YEAR YEAR FUND FUND Annual YEAR FUND SAL EARNINGS CONTRIB Expend FUND SAL FUND SAL EARNINGS CONTRIS Expend FUND BAL 2013 111,952 4,937 0 0 116,889 2013 116,444 5,135 0 0 121,579 2014 116,889 5,155 0 0 122,044 2014 121,579 5,362 0 0 126,941 2015 122,044 5,382 0 0 127,426 2015 126,941 5,598 0 132,539 2016 127,426 5,619 0 0 133,045 138,912 2016 2017 132,539 138,384 5,845 6,103 0
0
° 0 138,384 !
144,487 2017 133,045 5,867 0 0 0 138,912 6,126 0 145,038 2018 144,487 6,372 150,859 2018 2019 145,038 6,396 0
0 0 0
151,434 158,112 2019 2020 150,859 157,512 6,653 6,946
° 0 0
° 0 157,512 164,458 2020 151,434 6,678 0 0 2021 158,112 6,973 0 0 165,085 2021 164,458 7,253 0 0 171,711 2022 165,085 7,280 0 0 172,365 2022 171,711 7,572 0 0 179,283 2023 172,365 7,601 0 0 179,966 2023 179,283 7,906 0 0 187,189 2024 179,966 7,937 0 0 187,903 2024 187,189 8,255 0 0 195,444 2025 187,903 8,287 0 0 196,190 2025 195,444 8,619 0 0 204,063 2026 196,190 8,652 9,034 0 0 0
204,842 213,876 2026 2027 204,063 213,062 8,999 9,396 °0 ° 213,062 222,458 2027 2028 204,842 213,876 9,432 0
0 0 223,308 2028 222,458 9,810 0 °0 232,268 0 233,156 2029 232,268 10,243 0 242,511 2029 2030 223,308 233,156 9,848 10,282 0
0 0 243,438 2030 2031 242,511 10,695 11,166
° 0
°0 253,206 2031 243,438 10,736 0 0 254,174 2032 253,206 11,659 ° 264,372 2032 254,174 11,209 0 0 265,383 264,372 12,173 ° ° 276,031 2033 265,383 11,703 0 0 277,086 2033 2034 276,031
° 0 288,204 2034 277,086 12,219 0 0 289,305 2035 288,204 300,914 12,710 13,270 °0 0 300,914
¥ot~~~-
2035 12,758 0 0 302,063 0 314,184 2036 13,321 0 0 315,384 2036 314,184 13,856 0 0 328,040 2037 315,384 13,908 0 0 329,292 2037 328,040 14,467 0 0 342,507 2038 329,292 14,522 0 0 343,814 2038 342,507 15,105 0 0 357,612 2039 343,814 15,162 0 0 358,976 2039 357,612 15,771 0 0 373,383 2040 358,976 15,831 0 0 374,807 2040 373,383 16,466 0 0 389,849 2041 374,807 16,529 0 0 391,336 2041 389,849 17,192 0 0 407,041 391,336 17,258 0 0 408,594 2042 407,041 17,951 424,992 2042 2043 408,594 18,019 0 0 0
426,613 445,427 2043 2044 424,992 443,734 18,742 19,569
°°0
° 0 443,734 463,303 2044 426,613 18,814 0 0 2045 445,427 19,643 0 0 465,070 2045 463,303 20,432 0 0 483,735 0 485,580 2046 483,735 21,333 2046 2047 465,070 485,580 20,510 11,702 0
0 0 497,282 2047 2048 505,068 527,341 22,273 23,256
° 0 °° 505,068 527,341 0 0 550,597 2049 550,597 13,269 0 0 563,866
Vogtle Electric Generating Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1>>
Enclosure 2 Oglethorpe Power Corporation Response
OglethorpePower An Electric Membership Corporation March 7,2013 Docket Nos.: 50-424 50-425 U. S. Nuclear Regulatory Commission ATTN : Document Control Desk Washington, D.C. 20555 Vogtle Electric Generating 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. Accordingly, Oglethorpe Power Corporation (OPC) hereby submits the enclosed information in accordance with 10 CFR 50.75(f)(1) for operating licenses NPF-68 and NPF-81 issued for Vogtle Electric Generating Plant Units 1 and 2, respectively. Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Vogtle Electric Generating Plant, is providing this information to the NRC on behalf of OPC .
Based on the information presented herein , there is reasonable assurance that the funding necessary for decommissioning of the Vogtle Electric Generating 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 NPF-68 and NPF-81 .
Please advise if you have any questions or comments regarding the information provided herein.
Respectfully submitted,
~tk~
Anne F. Appleby Vice President, Treasurer Oglethorpe Power Corporation ILWW Enclosure Oglethorpe Power Co rporation
- 2 100 East Exchange Place
- Tucker, GA 30084-5336 Phone: 770-2 70-7600
- Fax: 770-270-7872 e A member ofthe National Rural Electric Cooperative Association
Enclosure Vogtle Electric Generating Plant Oglethorpe Power Corporation Ownership Percentage - 30.0%
10 CFR 50.75(f)(1) Requirement Unit 1 Unit 2 The NRC minimum decommissioning
$153,774,0002 $1 pursuant to 10 CFR 50.75(b) and 2 I The amount accumulated at the end of the $60,771,272 $55,048,441
, calendar year preceding the date of the items included in 10 CFR 50.75(b) and 3 ,A schedule of the annual amounts r..rn:>inin See Schedule in See Schedule in for items in 10 CFR Attachment 1 Attachment 1 4 The 1YY\ ...tirm<> used regarding:
(a) rates of escalation in ri ..,rmnrr.i",,,, 2.41% 2.41%
costs; 6.00% 6.00%
(b) rates of earnings on l1",~,...nnm,,,,
funds; (c) real rate of return; and 3.59% 3.59%
(d) rates of other factors used in funding None None projections.
- 5 ,Any contracts upon which the licensee is None None pursuant to 10 CFR 50.75(e)(1)(v).
1----.-------- - - - - - . - - . - - - - , - - - - - - - - - - - - - + - - - -.. - -..- - - - - - I 6 Any modifications to a licensee's current None None of providing financial assurance occurring since
, the 7 r<eIJla(~ea one fixed income manager with another fixed income manager
.,.As a rural electric cooperative, OPC rates are established by its Board of Directors. The OPC Board of Directors approves the Long Range Financial Forecast annually. The Long Financial Forecast includes a 6% rate of earnings for the Hatch and Vogtle Nuclear Decommissioning Trust Funds, less a % rate of escalation, for a real rate of return of 3,59%.
NOTES:
The NRC formulas in section 10 CFR 50.75(c) include only those 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 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 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 amound is based on NUREG-1307, Rev. 15, for the burial factor (Option 2) and the June 30, 2012 BLS data for labor and energy. Use of June 30,2012 BLS data best correlates with the July 1,2012, burial costs used for determination of the burial escalation factor described in NUREG-1 Rev. 15.
Attachment 1 Schedule of the Annual Amounts Remaining to be Collected Oglethorpe Power Corporation 2012 NRC MINIMUM Vogtle 1 Vogtle 2 Earnings Rate: 6 Earnings Ra te: 6 Balance Balance Balance Balance Year Begin Year Earnings Contribution End Year Year Begin Year Earnings Contribution End Year 2012 54,288,2(,] 3,257,296 0 60,n l,272 2012 49 , 175,9 5 2,950,556 0 55,048,44 1 2013 60,771,272 3,646,276 0 64,417,548 2013 55,048,441 3,302,906 0 58,351,347 2014 64,417,548 3,865,053 0 68,282,601 2014 58,351,347 3,501,081 0 61,852,428 2015 68,282,601 4,096,956 0 72,379,557 2015 61,852,428 3,711 ,146 0 65,563,574 2016 72,379,557 4,342,773 0 76,722,331 2016 65,563,574 3,933.814 0 69,497,388 2017 76,722,331 4,603,340 0 81,325,671 2017 69,497,388 4,169,843 0 73,667,232 2018 81 ,325,671 4,879,540 0 86,205,211 2018 73,667,232 4,420,034 0 78,087,266 2019 86,205,211 5,172,313 0 91,377, 523 2019 78,087,266 4,685,236 0 82,772,502 2020 91,377,523 5,482,651 0 96,860,175 2020 82,772,502 4,966,350 0 87,738,852 2021 96,860,175 5,811,610 0 102,67 1,785 2021 87,738,852 5,264,331 0 93,003,183 2022 102,671,785 6 ,160,307 0 108,832,092 2022 93,003,183 5,580,191 0 98,583,374 2023 108,832,092 6,529,926 0 115,362,018 2023 98,583,374 5,915,002 0 104,498,376 2024 115,362,018 6,921 ,721 0 122,283,739 2024 104,498,376 6,269,903 0 110,768,279 2025 122,283,739 7,337,024 0 129,620,763 2025 110,768,279 6,646,097 0 117,414,375 2026 129,620,763 7,777,246 0 137,398,009 2026 117,414,375 7,044,863 0 124,459,238 2027 137,398,009 8,243,881 0 145,641 ,890 2027 124,459,238 7,467,554 0 131,926,792 2028 145,641 ,890 8,738,513 ') 154,380,403 2028 131,926,792 7,915,608 0 139,842,400 2029 154,380,403 9,262,824 0 163,643,227 2029 139,842,400 8,390,544 0 148,232,944 2030 163,643,227 9,818,5?4 0 173,461,821 2030 148,232,944 8,893,977 0 157,126,920 2031 173,461,821 10,407,709 0 183,869,530 2031 157,126,920 9,427,615 0 166,554,536 2032 183,869,530 11,032,172 0 194,901,702 2032 166,554,536 9,993,272 0 176,547,808 2033 194,901,702 11 ,694, 102 0 206,595,804 2033 176,547,808 10,592,868 0 187, 140,676 2034 206,595,804 12,395,748 0 218,991,553 2034 187,140,676 11,228,441 0 198,369,117 2035 218,991,553 13,139,493 0 232,131,046 2035 198,369,117 11,902,147 0 210,271,264 2036 232,131,046 13,927,863 0 246,058,908 2036 210,271,264 12,616,276 0 222,887,540 2037 246,058,908 14,763,535 0 260,822,443 2037 222,887,540 13,373,252 0 236,260,792 2038 260,822,443 15,649,347 0 276,4 7 1,789 2038 236,260,792 14,175,648 0 250,436,440 2039 276,471,789 16,588,307 0 293,060,097 2039 250,436,440 15,026,186 0 265,462,626 2040 293,060,097 17,583,606 0 310 ,643,703 2040 265,462,626 15,927,758 0 281,390,384 2041 310,643,703 18,638,622 0 329,282,325 2041 281,390,384 16,883,423 0 298,273,807 2042 329,282,325 19,756,939 0 349,039,264 2042 298,273,807 17,896,428 0 316,170,235 2043 349,039,264 20,942,356 0 369,981,620 2043 316,170,235 18,970,214 0 335,140,449 2044 369,981,620 22,198,897 0 392,180,517 2044 335,140,449 20,108,427 0 355,248,876 2045 392,180,517 23,530,831 0 415,711,348 2045 355,248,876 21,314,933 0 376,563,809 2046 415,711,348 24,942,681 0 440,654,029 2046 376,563,809 22,593,829 0 399,157,637 2047 440,654,029 26,439,242 0 467,093,271 2047 399,157,637 23,949,458 0 423,107,095 2048 423,107,095 25,386,426 0 448,493,521 2049 448,493,521 26,909,611 0 475,403,132
Vogtle Plant Financial Assurance Decommissioning Nuclear Power Reactors (10 CFR 50.75(1)(1>>
Enclosure 3 Municipal Electric Authority 01 Georgia Response
March 11,2013 Docket Nos .: 50-424 50-425 U. S. Nuclear Regulatory Commission ATTN: Document Control Desk Washington , D.C. 20555 Vogtle Electric Generating 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. Accordingly, the Municipal Electric Authority of Georgia (MEAG) hereby submits the enclosed information in accordance with 10 CFR 50.75(f)(1) for operating licenses NPF-68 and NPF-81 issued for Vogtle Electric Generating Plant Units 1 and 2, respectively. Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Vogtle Electric Generating 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 of the Vogtle Electric Generating 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 NPF-68 and NPF-81.
Please advise if you have any questions or comments regarding the information provided herein.
Respectfully submitted, MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA, by, James E. Fuller Senior Vice President, Chief Financial Officer ILWW i\1unicip"' Elt>(: tric Aut hority of Georgia 470 Riv,"n*d~t> Pa"kway, NW
,.\tl .,I1 .. , (~e" q,.j a :1O:12R -46R6 l-HOO- :n.~ -MEA(; 770-SfiJ-0:300 Fa" 771)-').'):1-:\141
Enclosure Vogtle Electric Generating Plant Municipal Electric Authority of Georgia Ownership Percentage - 22.1%
10 CFR 50.75(f)(1) Requirement Unit 1 Unit 2 The NRC minimum decommissioning estimate,
$116,356,000 2 $1 pursuant to 10 CFR 50.75(b) and 1 2 The amount accumulated at the end of the $91,492,703.91 calendar year the date of the report for items included in 10 50.75(b) and (c).
3 A schedule of the annual amounts rpn'lJ>;n,;nn See Schedule in See Schedule in collected; for items in 10 CFR 50.7S(b) and Attachment 1 Attachment 1 4 The assumptions used (a) rates of escalation in rlpr:nmm 3,60% 3.60%
costs; (b) rates of 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 5 Any contracts upon which the licensee is relying Attachments 2 & 3 Attachments 2 & 3 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 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 release of the property under restricted conditions and termination of the license. The cost of dismantling or demolishing non-radiological and structures is not included in the NRC cost estimates, The costs of and spent fuel on-site until transfer to DOE are not included in the cost formulas.
2 This amount is based on NUREG-1307, Rev. 15, for the burial factor (Option 2) and the June 30, 2012 BLS data for labor and energy. Use of June 30, 2012 BLS data best correlates with the July 1, 2012, burial costs used for determination of the burial escalation factor described in NUREG-1307, Rev. 15.
Attachment 1 Schedule of the Annual Amounts to be Collected
MEAGPOWER Decommissioning Funding Plan Nuclear Decommissiollillg "'ulld - VogUe I (Dollars in thousands)
Calendar Balance at Interest Less: Balance at Year Be~ of Year Contributions (I) Earnings Fees End of Year (A) (8) (C) (D) (E) 2012 91,493 2013 91,493 5,076 ( 142) 96,427 2014 96,427 5,258 (147) 101,537 2015 101,537 5,449 (l53) 106,834 2016 106,834 5,651 (158) 112,327 2017 112,327 5,864 (164) 118,027 2018 118,027 6,089 (170) 123,945 2019 123,945 6,326 (177) 130,094 2020 130,094 6,575 (184) 136,485 2021 136,485 6,838 ( 191) 143,133 2022 143,133 7,116 ( 199) 150,050 2023 150,050 7,409 157,252 2024 157,252 7,717 (215) 164,754 2025 164,754 8,043 (224) 172,572 2026 172,572 8,386 (234) 180,725 2027 180,725 8,748 (244) 189,229 2028 189,229 9,129 (254) 198,104 2029 198,104 9,532 (265) 207,370 2030 207,370 9,956 (277) 217,050 2031 217,050 10,403 (289) 227,164 2032 227,164 10,875 (302) 237,737 2033 237,737 11,372 (316) 248,793 2034 248,793 11,897 (330) 260,360 2035 260,360 12,450 (345) 272,465 2036 272,465 J 3,033 (365) 285,133 2037 285,133 13,648 (382) 298,399 2038 298,399 14,296 312,295 2039 312,295 14,980 (419) 326,855 2040 326,855 15,700 (448) 342,107 2041 342, I 07 16,460 (470) 358,097 2042 358,097 17,261 374,866 2043 374,866 18,105 (516) 392,455 2044 392,455 18,995 (540) 410,910 2045 410,910 19,934 (567) 430,277 2046 430,277 20,924 (594) 450,607 2047 450,607 1,834 (52) 452,389 Total Options: Level Payments Footnotes:
(I) Based on the current levels and decommissioning forecast, the contributions for Vogue Unit One are suspended.
Date: 3111/2013; Time: 4:52 PM
MEAG POWER Decommissioning Plan Nuclear Decommissioning Fund - Vogtle 2 (Dollars in thousands)
Calendar Balance at Interest Less: Balance at 2012 86,030 2013 86,030 4,777 ( 134) 90,673 2014 90,673 4,955 (139) 95,488 2015 95,488 5,142 (144) 100,486 2016 100,486 5,340 ( 149) 105.677 2017 105,677 5,549 (J 55) 111,070 2018 111,070 5,769 (161 ) 116,678 2019 116,678 6,001 (168) 122,511 2020 122,511 6,245 (174) 128,581 2021 128,581 6,503 134,903 2022 1.34,903 6,775 ( 189) 141,488 2023 141,488 7,062 (197) 148,353 2024 148,353 7,364 (205) 155,512 2025 155,512 7,683 (214) 162,981 2026 162,981 8,019 (223) 170,776 2027 170,776 8,374 (233) 178,917 2028 178,917 8,747 (243) 187,421 2029 187,421 9,142 (254) 196,308 2030 196,308 9,557 (266) 205,600 2031 205,600 9,995 (278) 215,318 2032 215,318 10,458 225,485 2033 225,485 10,945 (304) 236,126 2034 236,126 11,459 (318) 247,267 2035 247,267 12,001 258,935 2036 258,935 12,572 271,155 2037 271,155 13,174 (369) 283,960 2038 283,960 13,809 (386) 297,383 2039 297,383 14,479 (405) 311,457 2040 311,457 15,185 (433) 326,208 2041 326,208 15,929 ( 454) 341,683 2042 341,683 16,713 (476) 357,920 2043 357,920 17.541 374,961 2044 374,961 18,4 I 3 (524) 392,851 2045 392,851 19,333 (549) 411,634 2046 411,634 20,302 (577) 431,360 2047 43 \,360 21,325 (605) 452,079 2048 452,079 22,403 (636) 473,847 2049 473,847 3,929 (1 477,659 Total Options: Level Payments Footnotes:
(I) Based on the curren I levels and decommissioning forecast, the decommissioning contributions for Vogtle Unit Two are suspended.
Date: 3/1112013; Time: 4:53 PM
Attachment 2 Vogtle Electric Generating Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors - 2013 Submittal Project One Power Sales Agreement
I. ... ,
.. p_. I PO~ SALES CONTRAOl' lIltwttn 14WICIPAL ELECTRIC AUTHOlUTY OF* GEORGIA alld CITY OF This Contract, made and. entired iDto is at Octobtr 1. 1975. by and bctwem tht l!UDicipal EJeetnc: Authority of Glord&. a public 'body corpor.t. aDd politic anc! ~ p\l~le corporatfa at the Stat. of Glorda 'hueiDatter aometfmll dufpatad IS the Authority. aut. "
t4 b;r the plO'lilScma 01.1 GL L. 19'15, P. lOT. U UlStDded, aDd.
CITY OF a pol!tica1 subdivision ot tn. State of Georria,lureina1ter sometimu duirnat.d as the Pn*
- ~dpallt, WITNESSETH THAT:
WHEREAS. the Partic:!pa:at h&l Detcl tor III ec.anomJcaJ, "liabJe aoune at electrlc po"v aDd enertf to meet the nowftlr dtmatlda of Its Clllt.omerl Illd has dttarmiDtI! to parehue IUch 11edrlc power alld eur,u trorn rua~ *owned. c:onuolJ,ad. or parchll4 bTtheAuthorltr. and "
." WXEREAS. the Authorlt7 will talce or cal1M to be Wcm all ltepl ntceuarr to lecure
.Ileb ra1'Q1IJDllDtal perm!tI. DCCla, anci anroYab It are nlCUAlT for. aDd win then pro.
Cftd u apprGPrlate with flnal c1afp. flJllnci.Q,r Iud .qullftlon or canstruetion of tbOJe iadUtia hmin dacrlbe4 aDd deslpat.. IS the Pnded tar the IUPPly o1llectri~ power am tiler.,. to 'tU l'artldpaut and to all atblJ' poUtfcaJ lubdhislou .cotltnctlnr with the Author it)' therefor. IIICI wm ltD the output and lervfca a~ ncb facfUtfullanum to w:. CoIltnct aDd to ~lItracta 'lubltuUally fdetfeal to tlaU Cclltract wfth otkar poUtical I~WlvWD2II, dtlilan.at.4 torether :trith the ParUd]jlant &I the. ParlfdpaDts, *and
- WHEREAS. fA adcUUoa to the sal. t.o the Plrt1eipcu of 110. output ud lamcu at thl Project, 'the Authority "tI'ill aJlo,obtaiD for and provfde to the Partfdpants the ParUdpant.s' SuppJe=a!lb1"B~' Pcnrv SupplT. as b.~~aftar ddlned, and . .
WBEllEA.S. fa order to e.nabIe thl Authority to luue Its revenul bonda to PIT the C:Cllti at acquUiDr a~ conatructfa. the Project, n Is necessazy'!or the AuthorlV ta han blndlDr contracts with l\Ieb poUtlca1 aubciivf.lonl of th. State of GnrrSa .. ZD&7 dltannIn., ~nulJlt to authoriv of I GL 1.. 1975. p. 107. &I ammdtd, to contract with the Authoritr. alIel aD pI,..
.Menu required to be made in acc:orduce with the pronsrcms of .A:Uc1e m of ,uch COlltracU,
.lDc:ludlq paJ1llCU required to be lnade under Arlfde DI at this CoDtract, &Dc! all other p-r.
lnlDta attzibutabJ. to the ProJ~t or to tha AnnlSlll'roject Calb.... herelnattC- ddlnl\!. to be made til accordaDCe with or IIUttaant to 1111 other provWan aI. tlWl Cotltnct Inl! I\:!c:b otbu c:ontncts shaD . be. pled,ed a.s Iec:urit,o for the >>A71DCt.
~
of such
.BODd. i .
1
NOW ~UfORE:
FoE' a.nd in ccl'lliduatioD of the Plu~bu &!ld tha mutual cOV1Illanbi dd a;:reemenbi here lJ2dtv let forth. and In order to par tn. Authority for its COlts ,ol prcmdlq (1) the pam c!pani'& Entitlemant Slw:e, u hueiwbr defiDII!, of th. oatpot md IItniea of u.eh f&elUt1 of thll ProjtCt ad (Ii) the Participant'. Su-pplllnanb.l Bulk Power SuppI:t. it is. al1'ttd. by and betwl!l!l1 the partlu hUllto IlLS loBo,":
ARTICLE I
'l'ERl£ *OF CONTRACT, DEFOOTI9NS SedIan 101. Tmzz.
The tum. of this Contract shall bqin and WI Contract shall coutitutll a biDdiQ obti ptiOD of thll putlu hereto from and &ftu ltil exewtlon by thll lut pan, to UKute the Pm.. The obUration of the AuUiadty to provide IIlKtric power and eneI'll under the' pro-.
villions of tlWII Contract .baH bQin wIth the fil'lt issuance' aud dilivuy by ubi Autharit,y' of anT of it.s BaMs 'Whlch al'll ntharLnd to be luued by thll providO'Wll at 1 Ck. L. 1"5, p. 1O'T.
lIS amended. ar, in the ....ent: nata of the Authcrity ue tulled III autSdpattou of the SUlWI.Ce _
of: Bow. such obnptian IbU "sin with the lauallCli u.d deUvllf7 of lIIucl!.lIond utld.pa.t:lan not** The tum of this Contrad sh&11 continue in full fera aDd dfect UlI.tn sueb. t!m.. not louftcUnl' rutr run. u aU of thll Authority& Bcmd.1I &.II huW!.&ftar' d~ or IUIt. luued in antfdplIIUon of the illumellt of Bomb and th.. Intuat thmon h&n bien pald or prc:rmion for paymllllt shall ha.... been made In aceorUnee with tl;.. PE'OviliClml of the Bowl Ruolul:ion
, or until sadl time as tb. Project aha.U be :nt$red from:u.nia. dlllCOmmislllon~ or dispOllm of bT the Au.thcrfb', whlehevu b law. . . ' . .
Sectioft.102. Del'lalUoEllll nci Esplmatloo.* of 'l'ermJ.
As !lied huein:
(a) ..Aet" .halll:Dl..n that certain Act at the 197ii ausfon of the Gillwal .Asattmbl1 of the Stah of Gtoraia c:cllnpiled. and pu'bllJlhed. in 1 Ga. 1.. 19'76, p. 107, as lb. am. h&.s ~ buo tafottl'or ZWLr. be hereafter amed.ed. .
(b) ".ADmw Pro! ed Costa" ihAn mun, with rupec:t to a Power Sappir Yur, to the 'ex,.
tent: DOt pld all a part of the Coate of Acqmslt:foll ell Comtrdon. .n coati and expeua o! t.bll! Authorlt7 pdd by U. AuthDrfty for lach of thll! p1'leratlDI' bcWtI. md the tn.nsm.ls dOll IJ3Item facllftld c:om.prLw1nr the Prol.et; dW'Lnr each Powe Supp17 Yur al.lOQb1e to th.
Project Includlzlr, but: IiO!: limited to, thoaa ItL"IU* of coat u.d U'ptnH ra!4I.I'nId* to fn !!Seetron 506(b) ..nd Cd, her.of, u A1'lnud Project aenantfcm J'i.xc CbUl'a. Ot!ler Annual Projl8Ct GlllTlention Casts. AuiW Project TnwmLalol1 Fbld Chua.-. ud Other ADnual Project
~ft CIWIb. ' , .. . _ .'
, CcY ".Annul Supplemental Costa.. alan meD l'lOie cosU and upemu 01 the ALttborlty ,
.11oc:abJa to thll purehuInr or furnishing 01 Sl.Ipplemlmtal Blalk Powu Supply to the Putfcl.
pots.
Cd) ".!1Il\1.I&1 System Budr.!;" llhall mnn. with roped to a Power Supply Year. the bu.dl' IIIt,adoptM hi the Authority not lltU t.h.u thlrt7 dan prior to the hqinlilillll' of II\lch Power SllpPI7 Year "reb budget slull itemize uUmata of AnDUlilI Project: Cosb and Almu.&l Sup plllmentllll Cast. ud aU nvelUIU. inc:.ome. or othu lunda to be applied to &uch. CO.Ita. rapec their. fo&" aDd applIab1. to :IIueh Power Supplr Year or, in th. ase of.an &mullItd iUch Budr et;. for aad appUc:able to ~l.Ich Yur for the remainder of: such Power SuppiJ: Yeaf'.
2
Ce) l3i:lJ.lq Sutlllmmt't lhllll. mlllm tha writWIatat.emmt pnpand or au.ued to be, pre.
pued monf:h17 b.r the Authority that ahal1 ba bU14 upon the .!utlill Syatem. 'BuiJl'iIt OJ." UPOD the ameded AnDual S1Item 'Bud,tt adopted by thlll Authority punlW1t to Seetion 202 'bereaf,
, and. t'ht.t .halt un asa mant.blr IUAOl.1l'I.t to bl p aid. to the Authoritr th4I Partie1Plllt in "'"
cOl"dlllce with t.ht prcrriilo!1I11 of i3ectiOl1l 80'7 and 408 hereof.
(f) )onU' s1uU m.~'11 the bow luued by tha Authorlt.f PUm'llllttc fbe pmvisfol:!S of, the :&na )uolut;ioQ tD fiMDCa or refilllDce the Cort at. A.cqubltloD. and ConIt:ruCtiOD of the Projea. whether or Dot my me of IUch 'bond. dall hi subordiuted u to paymaDt to IUI1 othar idU<< of IUch Ud ahal1 Include add.itJoiul Bow I.qud. punu,nt to t.:he pn:m*
- loM 01. !ed:1oD. 601 herlOf and. refunding :Bondi Issued parl1uant tD the proridOlUl of Sec.
tiou 102 hereof. '
(J) ":B4nt! RUoluUoo" .IhaI1 maan the Power Revenue Boud ReSOIUtiOD &rid ILDY Supple mental PO'iUf R41vIl\\l.1II BaM Resolution. to bill iidopte<l by ,the Authority &rid Iccept.ed by tha
'l"I;\lsta1ll Iftd the Co,.".l"nJ.dee*Uf eny) thereundu for'the benefit of th. OwnUI 01 the Douds wblch Ihall pgcvtde for the fuuanclII'of wch Bondt. a copy 01 wbkh Powu.R.1I'tIS\u. Bond. JlelllOlutloo III'1d First Supplemental Power Jt.n!II!.Ql.le BaM Jt.uoluticn In subltmt.ially the form to be adopted by the Authority aIWl be 01a111e In the recotds of the Putic1!M1nt.
(h) "lh1ik' Power SUP'P11't l'han mee, with rdPct to a Partidpant, &ll powu and Inun mu1red by lIuch Participant In uceu o! that amount U) iUPPUed. 'b7 IU1'1l'mc.
aHoD. ucl trlNmbilc:in ruoURa owned by .II11e.h Partfdp&nt 011 the did** date ot thk C0n tract;. cit)* reWved IUch PlI.ltidpard: from the SwthaaiuD Power AIlmID,iatntlcm (BEl?A). md (W) procured b:r such Putldpant from alt.e:ute balk power IIUPp]y raourc..
ill a.ecorduce 'With .
the PtC"ri.dO!l.l of SdOD '0(, bUf.Of. ' . . .
(i) "ComDIAZ'cial Ope:atlcm Date" ahilll mun, with rMpd to tach facll.ity of the Pl'oj ecl, the ~, of the dq on which 411eh facmt)" of the Project it. in the opfmOD of tb4II Author...
fty. ptod.udDl' ud ae.unrlnl' elad:rlc power Imd eDulY for o:llnmm:;W "M, provided.. how
,e';U't [11 the ."mt ImY IUch far:.iUty is FoducfDJ' ud dtiin.riD.1 electric po"IIII'U' and cerlY for commuc:W use on the data of a.cquhitfon of the Autharit:ta interest thenm, the ADUlor.
tty mar establish IlL Commudal Operation 'Date for lIuch fadlitJ which allte slWl be withl:a IlL reuo~b[. time of the e!tec:tin date of INch aC'Q.ubltlon. .
(j) ..C&tIultJq Enrb1eer" shall mean III enpnee.r or elIllnerlnr firm of utfow l"1l'I11.
ta.1l0ll * *, demoWitrat.ed apertta. In th. fflilid of e1ec:trie pow<<r lenuatl:m;, tn.~
power aupplT. elec:trlc utruty'opuatfOWl, rata. and f.ufbWt7. . '
(k) "Contract" &Det ;'POWE Salu Coil.tnllc:t. IIIWl mtM, nspecUvelr. tbh Con~ct ft with the PutfclPMt Md 1.11 P.ower Sala CClnmcts, fndl.ldinl th.!s CoDt:n.ct,. subatanHally identical hereto lin tend inta by the Authority and II. PuUc:lpant; In uch CUIII as t.h!
,'wnl may bill lIIm'nd~d trom, time to timll. . ,,' .
en "CoR of Acquiaitlon .'Del" Construction" lhall mUll, to the utent not l'Ddlldei! ill AJJ...
II1:Ull Project all COlts of &:lid erpllmu of dtiirmnr, acq:UhiDI'. COZUt:llctin.r'.
wtalUn.r. u.d. ffl:lland:i1r the Project, JIla.cmr the P:ro1Kt m OpentiOD, demmmilS.ioniDr, or dbpouI of the Project, uo obbJD.lnl' I'OYtmm!II!.Qtal apprllYm. CllrtifiCllltu., lIanuJta ILl'I.d.
lictllHl fupeet thlll'lt-Q blntofon or herelftv pald or inctlrrect br the Authoriti ad
'~y bl ar.fdltion and without Um.it&tiOD" the foUowln,:
(1) workll1l' capital and. fuuvq in lu(:h amounts III mil,. be atabUshtll P'Q1'lwmt to the DoDd ltuolut1cm. . . '
. (2) mterut &eerulll, in whole ell: iD put OD BoJids .Prior to &:lid d~ comtnldion ud tor ,uch addItlon&l pulod &.II thll A.ut.ho~t::r maT rUAnabl:.r dete~e to be n~_17 S
for the p1J.dnr of the Projeet: or aD1 flldUty thereof In operatic mlU;&crc1.anee wit:b. the pro-rislou of thll JoDi RuolutioJl., " . .
. (8) &Cq~ltlo:a. of l:a.ItW fuel for ucll. l'enuaUon b.eilIb" of the ProS<<t aM. work lnr e.ll:pttaI and faerYU therafor ana workma' capital &lid :reHn1I for nlo&d. filet.
(4.) the depos1t: or depoldb from the proceeds "of Bow fslNea tG fhwu:1 rw:h,cClllb
,m anJ' fud or acc:Olmt utablWzed p\UaU.l.l:lt to the Eowll1ao'hd:fol1 to mee'Debt Su.
'rice resene leqmrUllabi foZ' B<mI:b. '
, ( I I ) the deposit: ar d.epolitl from the proceeds of Bonds. tuue/l. to fbwu:la'tiA!h m any fads or accounts eat.a'bllilW punl.'1lnt to the Bond ltaclation u lUt.n1!S for .n.
n__ ala and reptacUI:umb. nttremeDt from aemc!!, decommllsloDhir or cllI'poad of anJ'
,.eraf:i.q fadl!tr of the Projeet: or contmrqdu. .
un tr&inh!.1 and tedh'll costa fncurred by the Authonly.
(1) prellmirwy invllltip.ti.OD and d.eYelopment costa. tnllneeMI cOl'ltn.cton*
feU.' corti, of labor, rutukh. Iqulpment. Ytllity semen wi sui!.pllK and Iepl and
.fI:I:wld.nI cOl ta, (8) an eo. of wu:a.n.c:e appUcabl8 to tbe period of C:CII:t.Jl:ruetiott, md (9) Ill. other costa ineuned by ttl. Al.ithonty md properly ILIlocdll8 to !he acquIJlt10n and ccnstru.c:tioa of lhe'Prolect. lndudlq' all costa fInmiBd by the I.mIH..t\ca of I4d1tiOl:l.llll Boruil PI.IINlnt to Seetilm 501. hueot. ' .
em) "Debt Seme." IlhaU mu.n, with rupact: to an,'plIriod, thilil arP'ept.. of tha Imoabi required by' the lI~nd ::R.aolutkm to be paid dDriBlII' 1114 pulod hito U11' fUM or fW'.1.4s c:ra.tIi.IIl by the Bod ltf.!olution for tU 11011 purpoae of payb.1II' the prmcipti (lJld11diAa ~ fund
. Wtallmu.tI) of ad pril.t.dm:a. if !mY. and mt:erut on all the BoDdI !ram u.. to bill 0'lltatllm4~
lnl' lUi the ,&ml ahlll1 beeome 4uII. provided, ho",.nr, that Debt Seniee ahaU DQt: fndw1e aDJ' ac:celvlILtfon of the maturity fit the :Bo* ' .
.(n) "EntitlUlllmt Shar."dalt mUll, with rupee! to IlL Participant: aM bT Pow~r Supply YUr aD.d with rupeet to tb ,e1\VlI.tlnl' fadlltles (IDcll.ldll1r*nl&ted ttBJ.1l1Dl.lllfou facrutl_)
and thl tranamJaion ~ facllltfu of the Prof eet" (1) that ptrcenta.p* of the output: and l5errieu of .uch ,&lIlIIlratfq facWtfu set forth III thll Sd1edule of Ou!;J!ut EntStluwmt: Sh!u:'es
.!Lttlldud luu:etG for /Such Partlclp!mt in 8yel! Power Supply Year, lUi thilil u.me m&J' heru1ter bIIIlncnuea ill III.ceoniuct wil:2s the pro'rli!ona of thl Power Salu Coatnct. wlth.uc!L Par ticipant, 8lId. (U).tha.t parcat.qe of t:~ldoll. /Swflea which sJWl be aetu:mJ:ned b7 the AuthoritT durin.. Power Supply Yar to be IlIoeable to lach Pu1:fdp.,ut in aceordlUl.Ce
.,nth the provU!ou of S<<tiOD 808 herer:d.
(01 "Fuilill Coab"1lWl mea1'&'an eesta h!.el.lrred b:r the Authcrlty. NIT PO'WIIr SI1:P ply Yur that IN a.Uoa.~ to the lII.c:qul.llltioa. proculIlnr. fabrl.aticm,. tr. .porbtfOD, dallvefo JDa'. repfOCauiq. Itor...... aM d.lspoul,cl Duclur mate.riUJ requtred fol:' tba-,aulII.tioll. fld)..
lUa of ~e ProfeCt. IDcludf.q truifer. to raervu qb'blbhed b:r th. AuthorltJfor Iud!. eos'b related. to future Power Sapp1;y Y~ra, 1. . ~d!ts related to such casb appUIld. ... Ipproprl*
.!Lte In.tM dlseretf.ou at the Aathol:l!:y.
(p) "parlicipal.'d;u lIhall mean thl politf'.calsabdM.ric, wblc:l:i fa a party to this Contract.
"Pariidpub" WD mllilaD all poUtlu.l lIuhdbiaiol1li 11'1 tn. Sbte of Georrfawh.ich OWl:!. W op er~tll electric dJstrilNUon lI1Iums to smre their cit.iun.s. fMlllbibnl:ll and CliltomlE'S br ;pt'o
'rl4[1.'l1' them with elictrlc poWV ani .1'&11'11' UId whIclIIlLr'e p.rtia to contraeb witb the Author..
tIdpant," and the terms ". Parlfe!pant.. or "uch Pautlc1pall.t'"
PllU:'tfcipanb or ~c.1a. of the Putidpaab. ... the c:.ue JU,. .an itT aublltutll1l;y ldenUc:aJ to tJUa Contract. Th. tum l'utfclpaab IIhID Include the "p".
mun nr ODe of th.
be. l'arl:idpaat Uallindadta 1Ul)"
eo.mmillllioZl 01' apncy of such polnfe&l aub4S.rilloa wMel! opuaLa !ill' couCiucb. or .erdilU juriSd1Ct.10fl over aD,. UIt1'&t.f1J fUl:I.CtiCD elf the Pari:fd])ut's lI1Ieetric: dlstributi011"l1tem.
, (fa) "Power Year" ahall me1n the calmdar Tear, ucept th..t the flrK POWII' Sup ply Yar on date the Authorlty hu an oilUption to provide e1tdrlc ind enul1 as dltlnlUJUIG in ILI:cordance with tnlpreviilons of Saction 101, l:aertof.
man, with rupl!d to II. Putictpmt aad & POWII' Sup.
PlY that pe:rcentalill of thildlowatia or kUowait houra. as the CUI mi.,. h, of each tn.
of .amClll Included In Suppl.mmbll1uDfPowu Supply wl:alch sue.&. Parllclpmt!a atftltd to for whlcb IUch Pl.rtidpant fa oblSp.ttd to paY In each mo..ath of a Power Supplr to ldlO'lll'ltb. nch percenb,e IhaIl be obblud for a.ch month by di'riwnr the bl.te(r..W colncldmt 1l11tam demand cd auch Partidpa.nt'll Suppt.
mentIJ Balli: Power Supply provided by the Authority durInr the particular month hy thlll ma-Imum intqratlld coJnc!c:lmt. Ina 4emuds of Suppltmmbl Balk Po"'lrir Supply pro1ic:ltd the Autnorlty to aU the Psrt1dpanb durin, that month. ~th raped to kilowatt houu, for dch month Ibn be obtained.by dJvidlDI' tltikilowatt. hours of Sup phmlubJ POWt1' Supply delivered by the Authorlq to l.L1m Partfdpet dmnl' the particular month fhe total kilowatt bun of Supplemental Bulk Power SUPPIr delivered by thlll Authority to all of the Put:1dpantli durIn, that month.
(I) .hall mean these elec:trlc smul.Uoll and "lated ttl.rulmis&fon faclHtiu wbicb are Identified in the Duaiption of Project and thOH trmuniulon sy,tem f~mtiu to whieb rd'mlDce illl made fll the Ducriptioa of Proj~t to be acquired w constructed by the Authority durin&' the time prior to the Commerdal Operation DlLte of the lut 01 thel'enuat..
fnl' faclUU.. at the ProSect to be completed in ordet to maet the AuthMtty'1Il (nvutment rupon.
IIlbillb" durin, suCh time in COlUlillftf01\ with any Al1"ftment fer aa. I.nterrateci trl.llImta!.on "'"
tem to whieb the Authority ma,. be I. :party fn accordance with the pro'risiolll of Section a02 hereof, together with. (I), allY m~jor rel'ltwahl. replacements" ~epiILin, addltioll" bettaJ::ments and lmprcllllmeDU DiCenuy. In the 'opbdaQ ef the CcmlllllUnr EIlii:nIHi, "te leeep the PrbjRt in I'eod oper&iSn, condition 01" to PATent a lou of nvenuu tMrtlrom. (Ii) any major add!.
tiolll, Improvments. repairs and modJflaati01Ull to t:h411 Project and lIUly deeomra{uiomp or '
dfsponla of the Project:, required by allT lO\'erMlmbl "ency hl.-rinl jUTisald:1ou ner the Project or for which the A llthorlty shall be "lpoMibllll by virtue of any obUll.tiara 01 the Au thority ullin, oat cd 1.%11 contrad to which the Authority may be a party rell.tinlT to eWDet*
Ihlp of the Pl'!'ject or any facility thtreof. (lU) thOle tnn.smluion lIlystem f"intiu to whIch rtference 1.11 in t~. D.c:rlptSon of Prefect IDd ,.,hfc:h are reqaired. ill the oplalon of the Comsuitinl' EllrinHr, to be acq:u{red ud constructed by the 411thorlty on or altar the Com mudal Operatlol!. Dat. of the tut of the ,lInt1'ation fl.cilltJq of tit. PreJIId to be compleW in order to meet the Authority-a fnvutmmt :nlPOlIslbi1i~ after lIuch Commerc.bJ Op~tioa.*
Dat. [n connection with any '.lrrHmlnt for u "tnternttd Ul.mllmlaJol!. Iystm to w'blch the Autharlty Ibn be I. in I.etordance with th. proviaiODI of SKtion 802 and (b) relluir4ild by the Authorlt, dudq cOilatrudlon at the Prid Kt. and for the :plac fill' of 'Pi"OJIII~:t operation for proYldJn, Bulle Power~UJl.Ply.. includiDI :Sul~pl;emll.D1:aJ" Bulk to the Parlidpallt. . ,
(t) UtIUq Practice" at II particular tlma shan mean any of the lJrILC"Qlca.
methOda and IIIcla enpl'ed In or approved bl I aJpificut portion of the aleetric:
to IDch time, or oy of the prllCticu. 1"{\ethods and acta whlc:h. b the a.mlMl nlJlomulilljudrment In U,ht of the facb bown at the tIlQII the dedsion YU could b~1l tU]lKte4 to accomplish tbe !laiRd raglt at the *lowut reuonable cost with rood bmllfndl ,rad!cu. rtUablUt;r. lafet:f and e,.",pedUfon. Prudent Utility Practice II not Intended to be limited to the optimum prllCtice. niethod or act to the adWlion of all "but rather to be .. of pouibJe pndfcu, methods or I.c:t.s hl.vlnl' due DIJInufacturera" warrutla and the :nqllltrmenbJ of governmental alenc[es of
Jurisdktlon. lr& evaluat.f!ll "betA..' lUI, ,ut <II' propOllll conforms to l'n4ent UtD11;y !'ne tiCI, the pa.rl1a take into account the olljtc:tbe to achIeve optimum. Iltiliutioll of the' A:uthoritT. ~urca.
(u). "Suppll1mcW :BuIlc Power SappJy" .hall mu.a, rupec:t to I. ParI:ldpmt,. that portiOD of Bult Po~1f' Supply rlHlwnd Dr IUch Parifdpaut 1:11 uc':Y at tlu.t .~U_ 'from.
the Project &Dd. unltsll othenrise 'provlde, from. al11ul'lire ptolec:t& ORad. or colltrollad. br.
tbJil Authorib' from wblch the ParticIpant contractl with the* Authorib- to pw:ch.ue ~edrlc powllt ami. enulY Il1'ld hi exau of tht reeratln, upwty rlSun .uric.. tn-amiufoll Mr"!
vIce. acheduJ.a. emtr.leq. or KOD.Qmy lJIteclwl,e arviu, andlw:b other H.nice auod&tlld "Irith the ProJect as shAll be iuppUed b, the Authority in* acconl~ee wi~ the proViaoJUI of Section 10&. hard.
(v) "Uraecmtroll&bl. Fares" mUmI AD, ClUJ. . be70nd the control d the Al1thcr~Q' 1'hfch by the t.'Cucill.of due dlUrecl tb.~ Authorltr ls unable to prevlll'lt or OftReme, lndud.mr 'but net Umitl'd to, failure or nf!.1U1 of an, other penoll or entity to c:omp!7 with tIl_ aiitf.q conmda with thlt Authodb- or with a i'riclpmt. III ad of God, tIn" floCd. u:plollon, ubotap. paUImc:e. ailld of the public enemy; clYll a.ad mWlIr, a.uthority Indadi.na' court ord.en. h2J=etioJUl. and orderl of IOC-U"ftmellt&l a,ladu ~tIl proPIl" jll:ri.l41etiDltt Ill s'an'ectiOD or riot:, ..11 il.t:t of the elamenb, I1J113rlll at equlpmmt. or Wbillb' of the Authoril:7 or my Contn.c:tora enpled.ln work on the Project to obbUn ot ship mal:e:ri.lls or eqalpmeDt bKIL1:l:l!I1 of Usa died ot .bnll" cauau on nppJlIQ1S 01' c&rrlen. or lub[Ub' of tU Aut'horlb'to leU or illl1l1l n.. 110* or DOtes. . "
Cw) "Umt:onD SYltem of AceouDb" melJUl the TJlliterm Syat.em of Aeeounl:l for C1.uI A
,and B PabUe: UI:tUU. anll u pre.Kri.bed Md; from. time to time, &:II amel:ldc4 or modifted or slibatlbrtfpn
. therefor made bl. the. .
Federal POW1lI; CommlssloD en: il:law::clllUOZ.
ARTICLE n CE.RTAlN OBLIGA'TIONS OF A'U'I'BOlUTY AND TIm PARTICIPANT Sectlo.l120L Bulk Power Supplr.
Authorlb- 'shaU provide or eauae to bl provId.ed and tile Pi.rliclp~t shall ta:k.e from.
the Authoril:7 the Bulle Power.Su.pply of the P&rtlclPSD.t. '!he Ad1iorib' will be rU1MU1,u'bla fer plaMml'. nll0t[ atfl1l'. daipiDB'. fIIWldDIL'. acqulrlD.l or comtnu:tlnl'. eoutnc:tlDl' for.
"dmiDlltertna; open.tInr. and mUIlt.aiDm, all ,euraSoD. alld. tnumiaio. a~cts ud !&dIitfa nKsary ~ effcc~ the deUvUT a~ we of IUch lIWk Po"er Supply to the PAr Uclpant, provided. howner, that the Participant procure lIIJ1:er1Ul.t. balk PG'III"!R' nppb' ra~. punlWlt to the tarms of Sedfaa. 401, hereof.* .'.
j Secl!on to!. A..rullw 'Slltem' Budl.* i.
The Authority will prepare and SlIbmIt to tb. Participant an Anuual SYI_ Datil'll: at least l'IlDetr dl1l prior to that barinnEI1I' of tach POWII' Supply Yar. 'l"b PU'tf.dput ma, theJl whmit to the AuthOrity,. lot uY time utllauch Dud,et is adopted.' my matten or IIUIr
,taUOmi zlll::iliq to the lil.ld,et whIch the Putidpallt -mar are to p%'1!lllmt. Tha ABthorll:;f shall theD proaed with the consideratIon and adoptf91l of lIuch 1I1ld,ret pot 1-.. than thhV nor
- more thlD fertt.t1vIII daYI prior to the ber!lInlnr of IUch Power Supply Ye.u alid WJ1 caUl..l (opla of lIuc
- h a~pted litldpt to be dellftU'ed to the Participant. proviiMd, howflYU', thllIq et for. the lint POW" Sapply Y6&Z' aIlaU be prepared, coDSidered, adopted ad deU'm:i411l Ii
the mOlt pra.etieable mmne.t' available In the dlacretioD . at the A.uthority. Aa required fTOm
!!me to Ume durinr an1 Supply: Year a1tu thSrly days notice to the Partidplllt, the A.lrtharlty ma,. adopt u: ammded Annual Snte.m BD4ret for and .pplicable to such Yur for the nmmulR ohudl Year. .
SecUoD 201. Report.l.
The AutbllUity will piipate and illl1.le to the Putidpanb the foUotri..I:I&' nporb *uch month of the PO"'l: 311,pl1 Yor :
(1) FLnlUldal and Opuatm, Statement re1litill, to the Project and to the Supplemmf:l.l Bulk paWl:' Sqplf. .
(2) StatUI of Aru1-qal S1ltem Judret.
(3) Staw of c:ol:l.lb:uct1on bud,et of the Pruled dUriDZ c:onstrud.ion" (4) Aulylfs (If operatiol1s ulaHnr to the P%ofed and to the Supplemmtal Bulk POwa'
~up.,J,y.
Seettm 20'- it.cal'ds and ACCO'Ill1u.
ni A."thori~ will keep ICcunte neorM and account. of Uc:A of the facilltiu comprilm, the Project alui of the tnllU.f:.t[op relatlna' to the SupplCMentd Bulk Power Supply 1111 well U of the opEationa of the Authorit7 in accol'cW!al' with the Uni!Ol"Dl SyrWn. of Ac.col,tld.a.
Sdd I.Ct01.lDta shall be nbjlCt to 1111 aMu&l !lutUt by I. fIrm at inlitpiDdmt eutified pubUc accountants e.:q;ae.rienced b1 electrie uHlitJ accountinr and. of DlILtioul reputation to 'be 1It1b mltted. to the Alltho:dtJ within sbb' da,.. after th. dol. of Rn1 Powv Supp17 Yu.r. "All tnm&ctiod of the Authotltr relatinr to the Project ad" to* tli.e Supplmsmb.i Bulk Power Som with n..spect to u.c:h PowU',Supply Yq;r lIhall he .ubjed to IUd! an audit.
SeeUon 105. Ccmsultl.n£ EDrineu.
Cal '!'he Autharit,r wiR" nt&ht lII. eausultiDI" eDltuer to ;\Said" Ildvile a.nd lfIAk. recoDl
.lndat(01:II to the A. uthority OD matters relatiq to electric power renvatfoD, traJW:lllAJoD, powu wpp!r, 1II1ac:trlc utfUty operatioDl, rata md cur.... fwdbWt7 ana budlets and Uall p.uu IUCh. C:O'IIiultfnr eqmeD' to prtJU'e wtth1ll. O~. h1lDCSHd usa tWaty dan foUowfDr the e"". of uch P01Io'U SUpp" Yur an aMual compl'wuln asinem1l8' 11!pOl't with raped to the Pra/ld ad. to the SupplemonW Bulk POWIX' SuPPlr for thel~tel:r prICedina' Power SumYur ""bleb sJWl cO,Dta.h:a .. copy of the IIIMualllludlt ..lId whIch.s1Wl bclttde: .
(1) A nlport on the operat(ona of tht Al.lthorit:r.
(2) A r~(lrt on th~ mUlllUlct at the ,ProSed *.
(S) A nI'port on thlll lIutffdll'1q' of rat... ~4 dw.rra for lIerric:a; (4) A npo~ Olll'eqWrementl for future \"n: poYfU' IUS!Ply:
(5) RecolmDendatiOllI as to c:hana-a In operation and the maldD, of npain, re.lUw- .
all. :uplac-=mb, ~oDll, bettermfl.llts anel fmproylU'.tWits: lind
,(51 'A proSec:tfon of the AvthoritT.s coN of PNrldllll' the Bulk Power Svppl,. to all ParHdpqtlS for the mlllulDI fb.:rar paded. " .
(b) The Allthority.hall "lUi .. copy of laid el:IsinHrinl *reporl to bt deHvend to u.ch Partic:.ip&Dt. . * , . ".
'I
.e Sedlon 206. Power SIIPpl)' Planning. . .
. Thill pr.rltclpant 'frin iep tnll Authority adTbad on aU 'WItten relatmr to tM pQ"tid.
pant*. power supply pla.ru!.iftl includ.mr but not lImlted to load foreeua. Pfapoaed tn.Da mi:saton ud Ilineut10n 'additions and new deUvlry poinu.
S.c~to~ .201. Dili,mel.
. The Parlfcipaut 'frill alllrds. diUrillCe in the opera.1ion of ib eIl!etric syat.m 'lIrith t.ha rllllW a.f llKurilla' elficilllllCY i~ klllepiq"wUh Pndent UtilitY Pra.dlca. wm coutnu:t It. f&dli ties m .ccorduCIIl 'frith IPICi11catiou at laut eq;aal to th03Al presc:rlbed by the Ndfonal Elec..
s..
tric. Saftity Codll of lhll U. Bu:eau of Standards. will maintain ill Ilua r.t all tim. In II.
Saflll opiraUnr condiUem, &Del will 'opuate Illd UDal 11'1 Bucll IUIUU' U not to iDtu1lfe W'.!I'o duly with the operations of others. 'l'bll Participant Vlnt u.n ..etrlc Knief eq,uUy.fJ'om. t'M th:1I!II phuu IS narlr u pgufble ane! wID mamtaln a power factor of 81U" 'lanm, 0: IUcb putllr powu facto: AI rUr be ar:eed UllOD by Utll ParticIput mthe lIrbt of anr other co,ll
't:act betWun the Authority and U1 othu Plll1'q, and such &JTHmtIlt hf the Partid'Put shall not be WU'lul*.IOlU.blf 'llrithhilld. . '. .
Sectlon 101.. AccUl'l.
Parttclpant willibe an nKewry pm:rdsalon to enable the .pllb of tU .Mthorlt::r *to un')" out this Contract and wUI. othllmlll be 8ubject to appUa'ble ten.u and coBdlt!ou lIet forth fll tM** tariff. whIch affect the Putte.1paut and which an mid with ~ Federal Pow e: Commlufon. The Authority and the Parlfel.pant ellLw will Py. the otha- the rlpt to ente the premilu ot the other at &11 f!ilUolU.bJe.tlmn fQ: the purpos. of rllpairlDl' or remo'fiDJ'
. fac!liUu. radinr meters md. performiq' work fDC!dental to deJlY61 aDd receIpt. of Bulk Power 5u.ppl1. .
Sedion 20'. Adjuatlluonl of. ~lWnr.
At tbe end !3 f each Power Suppq Yur thlll Authorl~ IllhaU determine If the awept.
. amount paid 'by the PII:tk:lpaot *undu SectioN 307 and '01. hereof. to ,rti'rid. reeoyU7 of.
aU the Authoril::y'll COlli duriftt: alleh Power SlIp.,l), Year 1'IU in fl!.e proper amout. azid,
\lpoll the makinr of aud1 determination. any amount fow.ui to bve balD plld by the 'Par tlcipant in axe... of~e amount whlc:h ahoWd hue been paid'" the Particfput IIIMIl be crt-cUt.
lid. on the BlDina' StAtemeats to t~ Pul:felp&nt to: the hmab:1fftJ m011th or IDCatM of the Power Supplr Year nm luc:c:eed.1q' the Powu SIIPP!,. Yu: for whieh neh adjutlllwmt 'WU cI.tlllnr.Untiid to havi beitll nlcuu.ry. Ten ~&Dt of the l..II:&Ount of ."Y' Ifdfdaq .*blt he added to each ot the llut ten l1illlq- Stabtmenu.ln the ft'ent thAt the fa.ilvn r4.. Partlci..
pant. to pllT ita.Ea.t1t1emeat Share of AmLual Projlld COIta JIl aCcordaDC8 with* Jta Power Sales CQntract Ihan h"'e ruulted.ln the IlppUcaUon of amowab m alll' fl!llUVe or woridll&"
Iud under thlll Bond Xeiolutfcn to the pa7maDt of coab p&;Y&ble from such rauYe or wort..
fnl' fu.nd and the other Partlelp.nu shaU han made up the tletJeeDCT craW bJ' nch appll.
cation or paid additJolUl amounb .iftto such fde.rn 0: worldnr fund, 1BlII000ta tn.erufW pa14 to the Authority b1'ludi nonpa..,m, Parl:ic1pant to: applicaUon to such paddu. PQmellla UW1 be credited Oll Ibi! Bi1.Unr Statements of !Such other Particlpllub ill the nut month or m011th.G u shall b. appro.priatl.
Sedfon 2.l0. DU;l.Itt<l MCl'nthly :SUlll'l.. *Sbtaacnt.
III cue any portIon of alll" monthl,y* BWJq' Sbtement' :eeetved 'by the ParticIpant from the Authority. sb....n be In bona fide dfapute, the Part!cfpaut IIIlWl PIT the Authorlty the fun amcu~~ Clf avch monthly BruinI' Statement, .Ild, upon dllltummaUon. of tlIlIl coruc:t amGUDt, 8
tlu diftulmce 'bttwem m:h correct amount and such tull amount. It any. will be credited to the Partlc:Jpant'b:r the Authority aftu auch detvmillation. In. the event auch. monthly Blum, St&tua.:at II b:l dIspute. the Authority wm Ii'll coulduatlon to .mch dlap. II.Dd wlll adm.
tha ParticIpant with "Iud 1:0 the AatboritT'a paidticm nlaUvll ,!:hutto withm t:h1ri;y dan followfnr ~ttm DOtH"lC&t:101l. 'b1. the Pa.rtidput of dfaputi.
Sedion 211. Sourcu.f PU'Udpu~" Pa)'tl:umtl.
Thill obUptioNi of the Participant to nuke the J)arm,mb to the Autlaorltr under thb COAtrtd shalt con.stftuU Inual oblJptionl of the Putidpamt tor th.. parm,mt of wbidl.
the fWl faith IUIG endJt of th. PutJdp.ut .han be IUIIl th. Alae hereby fl pledpd to prcmd.
tn. funda required to ttllfin an obUrat[ou IIlrWnr under Wi Coutract. Unlesl N:h ~mta or provi.ll!cmsfor .ueh parmell.b alan havI been made from tne re~lml1_ of t.ha electrlc SY'"
tem o~ tlii P.utld:Pant or from other funds ther.at; the Parl:fc!paDt will IUUlu.n"ll'l gdi, and
.yay flaal J'F ~uri1'1r the t.mn of this Contract !nc:luge in its lUeral'revlD,uo 01:' appm
. priation WlUUm. wblther or not &n}' other items al'lll iDeluded. IUmI nffldmt to u.tiafy tha payment. reqwrllld to b. mlde In ucl! ,ur by W. Contiac:t untn all pQmentl required un*
der WI Contract M"e bem paid in fl111. In the .....nt for any nuon any IIl1ch lIrovfaio1'l or appropriation ia not mad. for a fiK&l yur c! a PuUdput. then the chIef ffleal oWen af the Participant IM11,111 a.ceordam:a with the provb!olU of the Act In effect u of the date of this Contract. let up U an appropriation 011 the a.c:counb of the Particlpant!n u.eh fIscal
,ur the amol.ll.ts reqUired to pa,. the oblf,ations caned. for UMU thIJ Cont:n.et. Tha amO\U1t of the appropriation In such filUlrur to ~i.t the obliptiou. of thfs COlltraet shaIl be clue alIc1 pnable aDd ~U be u:pendtd. for the purpOil. of pa)'1q and meatiq the obliptioD.l prnid.d ul1du tha tum.a and COnd.ltioM of thIs CoDtn.et, ud such.. apPropriation lball have th.lam*
. lepl datul U If the Putfdput 1wt iDeluded tM amOWlt of the appropriation in Its I'e.nnal revenue or approprfation mu.s~re.
~eUIlli1 Uz. ,..t. CGYmut.
The PartSdpalIt wiU ubbU.D, maIntain ad coUect rates and c:.ha.rses fOJ: the .1.ctric semel of Itl alectne mttm SCI IlLS to pro1!ida r....enQ. Mfldent, tolBhU' wftli a'ftilable Ilee*
trie 1)"It.lim resenoll. to enable Uta Putfdpant 'lo pal' to the Authoritr III &mount. payable DTlder Ws Contr&c;t 04 to pay a~ othu amounts payable from and aUlI.wf'l.11 c:har.ra .,a!nst or HeM on the r.venua of Ita ~ sntem.. .
ARTICLE IU ELECTRIC POWER AND ENERGY no~ TD PRomC1' SeetloD SOl. Ownellddp 01 Pro!eet.'
- n. Authority will Jaul th. :Bonds in serla 'from time to time undu the BoD.d Raolu t:(on to finGeli a.nd shan own the Proj.ct coulatfnr at the Authorltrl o'Nnenhip lntuut In tlla ,deration ad tnumJuion facilitIes du:dbtd the Duc::riplicm of Project IIttaChed 10 thr. CoratHd ad win alSSa to be deU"futd to the. Putldpant durl.nJ' udi month of each Powu Supply Tar ita Eratltlllmut Shu, of the output ud*alU'riea of uch ladlltr of the Projed far the uifulHf. of ucb lOeb f~l!t:1 of ~. Pro1~t. .'
Section 302". COlts of Generation and 'I'mu1:r1Wion Fadlltla Compri.llal the Project.
(a) Thall 'Inuatlem and t.ralUimlu(on fadUties compdsinr the frojllCt wiU, for PUrpolU I
of accollDt{nr for the A\,I~orlty'1I cllSb III.tId chures to the ParliciplII.~b, be .lepU'aW'lnto (il IlRnenHon,IJ1l!,re1&tid tr~nsmw{ol1 fad.UI:1a, arut (U} traWlmWlo1'1 qstu.n fadll~i (0) The AutltorltT'a'cOIu of proYidma-tO'the Participants their :E1l~ttcneD.t Sh&nl ot
, IUcl:i m lanention aDd nlated tn.~m1.qrCln*facrutta &II UI wlw!ed. thAI Pruject 'IIriU ba lI.C-,
counted for .u ddCn"btd in Section ~6{b) heriof, aDd (e) The A\1tbonty'.'com of .p~vidlnl to the Putlcipmt.:l their EntitlemllntSlw:u ohuch tmn.;m.islion syatem facilities as ue 1n.c1udld in the Project will be accounted fer u dl!Sai'bed In Section 306le) hueof. and will be dtt.um.fned ILl follows:
. (1) Su.ch tnnsmlnion sYit.em fadlItld ~ are included In the holed will be acqu.h'ed
, by dle Authority from time to tfme tar the term of tb1t Contract I:b.roulh- plrtielpatlon .
In 1111\ la,.tlepted tn~lMlon iystlm IIIIp'elRment 'lritA other ~Wltla. The Autho,,!t,'I In,ut~lInt nlp01'llIlbUlty in Nch tn.umr.lon .lyltent &.elll. . for an, lonr Supply Yw will be that perhn.tqe of the total inyutmillt In tht combined tnnlmisadoD ay:stem fuWtia of tIM Authority ed sudi other UI:!lWILI obtained by diYicUn, the deA1ll1l\d of total Bulk Power SI.lPp1, ptevlded. by the Authority t.IlI &1 the PUticipanu du:rlnllNcb Powell' Supply Yea: by the eomblped derull.di of tM Authority and Nch o~tr utWUIRS dUMlsucb Power Supply Yeer and expreain, the fltl).llt lIS a plt%eanUp.
')'be Authority'. rupon.aibW17 for &unuml capital costs n!latinl to reMwals. rap1ac:e ments, npahs. IIddttfoal. Mtttn:o.mtsUld impronl!l.mts to IIlM tor e:luw opuatlnc cmbi 01 wcb tranamillllion ~m fuWtlu for MY lower,Supply Yur wtu bIl the, ann\l&l capltalllld operattnc eo.tllncw:red by the Ku.thority for Nch facWtil!l.
(2) In the e"lInt the Author[ty umlnU WpON!biUty for f::rU!-'miulon ot the Partiei 51Mb' allotments of SUA plOwer jNm.I.IIDt to 1I.rftnPmi1\1II !or ",b1eh provUlDn (.
mild/! m. S.ctfons 80a lind 804 hereof. thw Authority'lIl fUPoMibWty fall' innstnumt: In.
lI1I\el &T.u.luml capit.&i and operattl'll eostil of, such tmumJuloll. system'facillttu acq,ulrect.
by the Au.thonty bam time to 'tim, tbroulb pllltldp&t.!OI"l In II.1cb tnt..&nted tram miuion system qrHment 1UlL1 be incrlulld. TbII Authorlty'linvcst.m4lnt ruponaitinity in nll::h inaellSlId t.nnstr:1i_ton Ifltem.facUltia tor an), Power Supply Yar will be that
,Pucentap 'of the total Invtdmml m tha c:omblnid. Innimi.slion facilitl.u of the Autborlty and sueh other utlDtfu obtained by dMdin' tlui d_lIId of sucb SEPA power plus tM demand of total Bulk Power Supply proYided by the Authority to aU th. Particlpaldll durin. AlQ Power Supply Year by the com.blned dllmandl of the Authority arid such other utDltiu elwin,llUch Power S~pply V'c mel exprunna the
%l!JUlt a a plErClIAtap. The Authority's nsponsibWly for aruuW' clllpibl fQSts tlIIla&t to
%l!Mlft.I.I, nplaclllnmb. repaint addltfoM,' betterments and Impronmenbi 1:0 IIlI\d. for annu&J opentlnl codl otlNcll. inaeulld trarl.fmlal.on l1item fac:Wtid for lUly PO'Wll!r Supply Tar will 'be th~ ~nua1 Capital and OPlraUI'I1 t::ollb illl:ull'lId by t.he Authority .
for lI1eh f&ei1itiK.. ,.
Sedfon 11'13. Intercannection Armngemmb.
The AutJaoritr'Wtll purchase or pro'ride such I'llneratw, capacity rde"e semce. trllUUl mwion urvlu. mlllnte:nanCilluvice. .merrellCl Ierne!!, ecoilCtl17 interci1Il1,. leme. and o~u fntur::hlllll aemel BUodated with thlll Project III mllY H lllK:UUQ' for tlul "Uabla aDd KOflomlc:al illJlPI7 of the output and. lervlce of the Project II.I'ld will CIllllle to be deUyulll! 1:0 the P:u:t1dpanl d.u~ lacb month of tJa. Power Supply Year ItII Entlllllttllllrlt Sblite of aueh O~lJ.t and lIen'1WL The Authority ma., use III.ct:rli: IU'!U.,. from the Pl"CIject whleh lalw:plu to thll requlnment.ll 01 tlIlIII P..r~lefp&ftts. &II aud! IUrptus mIT be .vaf1ll.l:Ile fzcm Urn. to time.
for the pl.lrpOlIll of ecoMm,. ln~p au'riee or other Itttm:hanl'lt ... mea with othen.
and Any net n'feU". 1"1ICltfnd b, the Authority for any lIIur:b llriiCU shan be credited to tM Partfdpllnfs by th~ Authorit,. fn JU'cpl,'rttol'l ta their EntltIem.mt Slslll'a.
10
Sec&a lot. O,.n.t!OD and Mai.nhm~ce.
'!'hI Authorit.T covenants and ILSTee! it win ~te. mamf.;lin and mlLna,_ the jed or taua the ,am8 to b. operated, mab:abi:ned md lIIW1.&:red. in an tfficiut IIJld e.conllm*
Seal ma1l.'l'1£, C:QtW~nt with Prudent Utlllb' . . .
Se.cU01l aD&. Wun.nCIl.
'l'he Authority man mainWn or uu** to be maintained. ill fore. tor tha benefit of the pdu hento, III thlh' b.'lterut U COlts of Acqgbitiol1. aDd Coutruction or AD..
P~1ett Coats. lIuch wl.trane.a to tb ProSed: u shaD M available a.n4.1L1 11 uually carried by utmtlu a.n4 ,lnuatmg fadlltlu bgt, m DuCJur IGuatblf fac:mtlu, not lUI thaD iaHd,. til;!! requiremenu of Ftclual ltata law uel the ~Qd4iar :Rqulttc:n:,. rtlUl.tiona Utd IUc:h oth.e.r luanne8 as II tIIS'U alIT e.urled b1' Ilutrlc 1.1tnitfu In co~orm1t.T with Prui!mt Utmt, Pndr~
SectIon 301. Char,,_ Uld Bmtnp for lhe Proj.d.
Ca) The Allthodt:,. win qta'bJish fall' anel Dopdbe.rimiDatcry cba:t'u for .11 out);lut and at.rVlea proYlded 117 th, ,AuthOrity' to the Participants relatfllrto u.ch facilit:,. of the Projel; de.llptci to rKO'Yer all of the AuthoritY. cOsta aDouble to nc:h facility ccmmandDI' with t.bIt .
Commudal Operation Data of such r,dUty or the dati! to which interlR bu boD c:aJjllitallud on Bo~cls allocable to .tach tac:illty. whJehner II the drliu. III let. forth in the ft..I,U~ ..... ,
Bnd,et, or thl amended Annual Sntem I1ud**t adopb.d br th. Authority punuut to Section 202 hueof, and IUd:. costs shall Includ. Annual Pto!ed Com*
. (b) The Annual Project Coab aUocable to the puuatioZl Dc! related tru.smJuioZl fad)..
Uiu o! the Project shall hldtlde at hut the feUov.rbi1 [t.ems of CMt.a.&Dd apUlIa:
(1) "AlUlu.&l ProJeet c.nuatiou Flxed Cbartll!lll," ",hlch J:Il,u.mI ~
(A) the' amoat 'Wldch Authority II required undu the Bond to :pq or depO.ll1: iDto SIS,. or ICCOl.uat utabUued by thlll DoDd .l!.IiIIIDIIl:g the pt)'ment of Debt Gil allY re.se.rve nquttemenu for lkmc1a aUlIC1II.ble to (I) the .ene:atloD aDd l'e1attcl trlL'lWlllWDD fadUUa of th411 holed (lI) the wOl'ldq c:aJItl.l fll required br th8 Anthorib' ttlr prari&. Pow..
u SupPJ:r. fncludfD,l Supp1emeubl Bulk PO1m' Sapply to the ParI:lclpanu and whIch
!a a!loable to the ,lnn'lIt!on and rekUd UOSraiufoD i.dUties o:t tl:illl Y_""'
(B) the amoi:mt (no'l: othenr.illl included uncler an7 ibm. in this Sed.ioD aOG(b>>
a.llocable to tha Silleration" and trallS1'l1i:uIOD !&dUtlu of the ProSect which the Authorit:r. r. :Bond llesolutlon to par" 131' depoaft !luiina' IUch
.Power SapPi1 Yur aD1 other fUnd or III.CcoontutabUlbtd. b7 the .BoDe! Ruo1u.
tion. and .h&.U fucladl. w;ithotlt Uzmt&tio~ my nell amounb require to up liD)' elGIdll1C)" in Q}" rllillllrvi fuDd or WorJdDI' tund required. or pemitted tbI Bond RaoluHon raultin, from iii. default in pa1%UilJtI by 1l&lT PartidplLDt or tJdpanb of amounts dUll WU it. or their Power Sales Contracts -with the Authority;
. . (C) amounts. which the is rtquin.d ude th. pro...woms of the Bead RdollitiOD to pa,. or deposit into I renma' ter renewal. and np.lacamentli; (D) amouub wJ:dch mUlt b. ~.ikecl by the Authority fOI: COfer.,. of Debt Surice u ma,. be by*the Bond .'Resolution; .
.(E) amoqts whfcli must be sit uide by the Authority for the rdlrement.from 11
IIIme. c!K~S[OrUD~. Of dtaPou.l ot 'the ,u.uaUo:l1 f&ciUt.fu of tha ProI ect as '.
mi.J' ba required by the BOlI.d RlillolutiCtt; (F). a.mo~nb 'Which mUll be paid by the AutboritJ for the pu:rclwse af rtnerat ill, capaclt:r l'U1lln'U for the ProSect; IUId
. . (G) amount. which mUll bill p:dd b1 the Aulhorlt)' for the pu.n:hull of tr~
IIlon l8uviell for the Projeel; Uld (2) "Other Annual Project Genu:.dioR Co.tr," which MUM:
. (.It)" all coata of pr04l.1dq an4 del5veriur elec:l;ri~ powu ad IImVI1 from the Predel'lt and prondluar the 'a mel-pub' Enffttemut Shar. tDdu4in,. but not U=t.i to, (I) Fuu Cedi and othlllt' ordltW'T operation aud .maintma1'l.ell coata ud provl Ilona for ruervq therefor, admlDhtralin and p.t.Ut.ral I:osa. !murU1C:III, o'f'Vhtd lIU1d anT ~ payable by the AuthorU:r in eolUlllctiOD with the output of the Projec.f:,
(il) net eaIIb of Idldu1ed, 1m1lfl1ll1lCT. econom,y 01.' other il.1ten:hal'l.p lIenfcl lncur rd by the Authority In connection 'lri.th tlIll Project. In4 (Un aU openlton awl_In bmance collb related to thlll ogerllltiq and CODdlll:t[q ot the blahla. of the Author Ity Im:ludiq Warlu. :fau for leraJ. enilneermr. an4 ou... .II.rncd ud all othu lXpeniupraperly .re1&tad to the condud of thlll If!ab G.t the AI,lthorib'i and .
(8) alnOU1:Iu requIred of the Allthortty by thlll provhton.ll of the B!lH It.solu.
tion to pay th.i'COilt of or to Prtlvlde ruuves for (I) ~rdlnU1 opentin, &:Dc!
mainteuance eOlbi ineludinr the COIta of acheduled. etDllrllllCr. or otMr mbrchanp samea and the p:reventioD or eOlTlCtion of anr IlnliSud 10lIl.11 or da.map to ke"" the
.a:enUltillJ' fll.CiUUes of the Proj~ In I'OOd ope.!'lI.tlnr cOIIdiU0n. or to preva~ a Iou of revenue thel'lllirom. (U) IIl11T major reneWals. nphll:amanl:a.npatr.. addftloas. bet tel'mll1b and improvlme.nt.ll IlKUlUr. 11:1. the opl.lol:I. of thl Coaaultmz E-llifuer. to left" thl ,mentmc faclllUa of the Profed; III ICIfllutlon for the pa,ym.lnt of Debt Service and anY rlhn'.t requiremenu for. Bon. which are allocable to (i) the tran.l1niuioll 'Ylum faciUtiu of the Pro1ect aud (U) tbe work*
In, aplul which III required by the Authority fot provfdfa, Bulk POwtt Bappl". in cl~ Suppllllment.ll Bulk Power Supply, to the PutJdplI.ntt ud whIch la aUccabEe
. to thlll trllNlmf.llIlou IIYlStem f'ac!Uti. of the Project.
12
(D) the &mollnt (not othenrise Included IlDder &Dy Item of this Section 806 (c.>>
alleeabte to the tr8Dlmiu{ou Q'IWft fwUUa of the ProjKt which the Authority ia
. requfn4 w4v the Bend ReaolutIoD. to pllLy or depolit dUMr aw::b Po",u Supply Year mto ID7 other fund or U!count ut.a.blbhed bJ the Bcm4 luc1utfon,lUld shall mcIud." without lbmtatfon, an, auck IIl'nOwts require to mW tip lD.7 ddldllllCl' iD. 1111 n:u.rve fUll4 or workiDl' fund requIred or pvm1tted 'by the Bend l.oIutiC1l.
raultlu.Jtnm a de.ta\dt in payments by u:r Partldpct or Partidpud:il of amounts au tinder its or their Power SiJ. Contracb with the Atdhcrltf; (0) the alnOm:lt wlUelI the Authorlty Is r~uirtd uncia the pn:IvlllolUl 01 the Boud ~uHon to P&7 or depoait Into
- ruervc for nD~'IfI1s and replacem.aub; and (D) IUXl.OUDU which must be reiJi:l:1d by the Alrl:horitf for c.ovuaie of Debt StrTlCI Q WILy 'h. ~ulft4 by thl? BoncllluoIl1tlrm; and (2) "Othu Am.nta.1 Prejec:tTranamlulcm Cosb," which mwu:
CA) az:nounb {or ordizlary oPiin.tiOJl. IUld malntl!.l:lance COIb, IIfmfDhtntive IUld general fOlb, !BluPDe., ovnhud, anel any othu chures ",able b, the Allthorlt)"
in couec:tfcm 'With IUch tranmiJafon Q'stem fW}!tlu" incb.uimg IU credib 4ue to ParlIeipub with roped. to delivery polnt tnuum1S!ion fadlltlu; and (B) amounb required of the Authority by the pioWIonl of the Bond Ruolu~
tlcm to pay the eott.s of or to provIde reervu {or Ul utraordlu.ry cpuatioD and mafDt.e.nucecOlt.a. i'l:Ictudfnr the prevetion or cornction 01 auy1.111111ul loa or dam.
as- to kup the tnJ:i.smIuioElIl;ratem. fad1itles of the Project In ,Iloci cperatID. cou dItion. (lr to t:l1'.Yl!.l:lt, a 10111 of I'lIIlve:nuu the.n!rotD. (Ill aZU' !pjor :rue~, replaaa-.. ,
maub, repairll. addjl:ioD.l, betterments Ind improvemots IUlGIUI17. I.n the opbdoa o!
tho ConIlUJtm, Enlfntu. to bep th. transmiuion srd:em !adUti. of t:he Project .
m.rood oparatlng conditfon !If to prl"et a loa of rennuu therefrom aDd (Ui) an1 major. aeldltfa.ns. imP1'D'leme.ts. rep'Su' or modiflcatioIIJII to lillY &Ilch traumfufol1 f"!Jity requlnd by MY governmenbl.lCey hadD, jurisdiction ower the ProJect or for which the Autborltf IIbd be rapolUltble by virtue of 1Ill1 o'bUptlOD of the All thorft:y arl.rin, out of Illy contract to whlch the Authority mIL! be a parly rcIatiDr to ownenhlp of the Project 01' I.l1Y :tad.Utr thenof to the L'Ctat tbt the Authority fs not r...tmbuned tbutlor from. the proceeds of maur;mcl or fWIL for. allcn p..,-.
zne1lt are Dot lIL'fdlI,bJe to the Authority therefor from an, flnldi or &Q:oullb ata.b
)ished UDder tl1e Bond Re.lolutlon. or f'!lads for nch :paJ.ment an nat :provIded by the blll.1aace of additional BODU purlllnDt to Artlde V of thf:! CozItrut.
(d) ThJ Authority ihall bllJ the PartIdpant each month durin, tich Power Year by pro'ridfn, the PutidPIIIDt with a BiUlng Statement for *.ucb moDth In IACCOrdance 'With tht charps estabUshed purS1l.l.Dt to the pro""'1I10D. ot thb Section 806. Such 'BflJlDs' Sb.temmt ah.Ill ig forth, amoD, otllu thI:ap, the 11= to 'be JjlaJd for Illell month b the Putfcipaut for Ita EDtitlemlUSt Swe of the Project output I.l1d lervlces. ud 11Ich wm WI! equal th.
~art!dput's Eatltlweut ~r. of that amount ot .A:rulual Projaet c.b. q utbnabd l:a the tha eunent AzmuaI S,.*
- Budpt, wIdth the .A.utl1ority fl nqldHd p~\lau.t to th. Bo:ad 1luoJuticn to aCU111!o payor set alfde durin, Nch month". Sueh monthly Bi1l1u.r' Stab."rllt.Dt
.*:un tJ:!,dudllll a credit {or ,um deU".!y pOint tranimluion fadlltJu &II m O'tII'Ded, flnan.,:ed.
or opt.raW by the PartJdpmt, IIJ1d sUd'!. Dillini' StAttIuent .hall 'be pard 13, the ParlJdput on or Wore ,the tenth cia, from the date of luch bDl. Amounts due and 1'IOt paid by the Pu.
tfdpaDt OD or Wore laId day anaU bur III addftlonal eharp of onl ueS oM.half pefce:at per month Imtn the amout due Is patd in full. At the ed of each PC"NIU' Supply Year,' &djwst..
ml!.l:lQ at bmfnl' ahan be ma.de m &ceord.Bee With SectIon 209 hueof. It the Put£dpant par.!
13
leu than the full amount. dUI wSth riSpect to a Billil1r Statement, thl parlW pa)'1lllDt 10 n caved ahall b. applild fint iD discharl' of thtl'artidpant's obUpl:lcm to ~17lb EaUtllDll!llt Shari at the Annual ProJed COA ... prorldad. III thJr Articl. m Wore Ill,. t1mU from mclI partial PJymtnt art appUed to. ~t dfachu,. of the Partfclp&Ilt'a ob~at!:ou 1lll4er the lJrO-TlsioDi. of Article rv henot. " . .
ee) At 'such tim.. at the Aathorltr issues additional :Boadl In aecordance with. t'h.e pro
,.isions of .Artlc:le V, henof, the Authorit7 will b2crH$t such .Iemenb of ~uaI Proiect: Co.ta u are necesl&l7 and tM Partidpant *' haD par . ib Entitlement Shan of sw:h incrcued charres p~nu&Dt to the provisfoQA of Section 307 herea!.
StcUan 801. Project EnUU.menl and Pa;rment ObUptlons.
" (a) The participallt sh.&ll b. entitled to recti"e Its Entitleaient Sbara of khe'output Dd.
transmission .erricu of the Proted nd of all' .erticet pI'O"fided b7 thl A.uthorit,. In ~
cordau.ce with tht provisions of Section 308 hueof, u mar be IYaJIable for the uae!ul M.
al the Project.
(b) The Partfc:l~ant shall pa7 (ta Elltitlement Slare of Annual Projeet Colts Nt !orih In the MouthIy BflliD.r Statenmbl lubmitted by the Authorit)'to the Pa:t!i:lp&Dt: .In accord ance with the provisIon. of SectfOIl 806 hUlIOt, wbathlr or not the Project or UJ' part; thu..
of has been completed, U operatine or operable or Ibi output II suspeDded, fn~ptad, In ttrfered with, r.duced 01' curtaDe4 01' termInated in whol. Dr £D part. &!Id IUch paJ"lUlLu
,hall not be .u~Itct tG reductIon whetl1er by offs.t Dr otherwf.sa and slWl not be.l!OJld.itlol1 "aJ UPOIl the periorolAJ1ce or 1l0Dperforru.loDc:e by ~y part)- 01 an7 all'tl:liWlt for ~ cause whatever. ' .
SectIOn 308. D.tumbaUon ot Parttcipant". EnUtlanenl Shares of. TraDeluloli Small Fa.
cll1tleS ~cJUI!ed ~ .tho Project.
(a) With rupect to transmiu{oll sYltem f.dUties Included in the Project, the Enl:1t1e ment Share for .ach Partrclplllt to 'be determined by the Authority for uth Power' Sapp~
Yea.r .hall be the pet~lDtq. aloealM to the PaztJdpIDt of the tmilmJalon ..nfc..i prodded b7 the Autharity and of the coats Incurrecl b,. the Authority relaUnc to IUch traumlsilon IP" tem tacDitfu .. art ac~uJrtd by the Autborlt7 from tim. to tim. fot the term of thII Ccmtrac t throul"h putlcipatfOD In an Int.wrab!d traDsm1safoll S)'3bm aenement 'trfth other utmtfu.
Such percentar" .hall be diterm.llled b7 the Authority b1 dividJq the aT.,.... at the ~hoUt intqrattd coiDcldent l)'Item dezunds for Bu1Jc Power SU'PPI7 Pl'OTic1ed by'the Authcnit)" to luch l'artfdpant durin.. each month of .ach Power SuPPIT Ylar br the aVU'lI' of tlI. Oil.
hoW" fnttaratl!ll.coIDddent 1)"W!UIl demands 01 total Bulk Power SuPP17 JIl'01idlll by the Au thority *to aU of the Partlc:fp&lltl darin'r e&!=h month of suchPImV Supply-Year au41Xl1resaiq th. ruuIt at a percenb** so that. ",hen all of Illch Entitlement Sharel 10 c~tcd by th.
Authoritr art added torethoE', their lum shall be 0111 hUndred. For the purpOSQ of .uch com-.
putation; the onl-hour interval ~n be the hour dl1dq whfc:h there aJ?aIl al!C1l~ the mmnuuD one-hour int,.n.wd coincident ayatem demands ot tab.] 'Bulk POWtr SUpplJ prvYIded b)' the Authority to all of the P&rticlpanu. .
{b) lA the eTeDt the Authority UlWUa respou.lbll1ty for tral1S7DlsaloD of the P&rt!c1 panb' allotment.. 01. SEPA. power punuaut to arraUflmenta 'fa: which prowblaa 11 made in 8edlol1S 80' ADd ~ harlof, and aucb rupomIbiJJt7 zuulta in aD mereu. in th. iDvtsbDmt In and lIUlua]"operaUn.. costa of .uch traulDllliOQ I)'Stam flcllitiu, the EDtltlemeDt Share for each :Parlicip~t to be dlt,rmfned by the Authority for each Power SUPp17 Year .balI be of the percent:q. e.llocable to the Plriidpailt. the traaamluiQll lemeu provided by the _~u.
14
thorl17 and of the ~b ~tted by the Authority rtlatinr to l1ac:.J:a raponi!bD!t1.
Such pucentap ~ be datumi.l'lc hy the Authority b.,. 41v1dJDII' 1he a.ven.p of the on....hullr J:atltantad. cotnchlmt aystem demands of lIudt SEPA power IlIIlS the dlllmDdt ot Bulk Power Supply prcvJd~ by the Authority ta lIuell Participant dUM, tam month' of 8uch PD"!'tr Sup.
ply Yur '!:If the nua,a anll-hour interraUd eobcldllnt 1I11bm demarub of SEPIA. power and demamb of .tabl Balk Pow~r Supply provided the Authority to aU of th. Particfpants durlnr the lame one--hoUl' illterv&l of each month of each POWI!' SuppJr Year and a:p:ruslDs" til. nil
'sult Q a pucentarll so that" when all of sucb Entitlement Slwes 10 computed by the Authority are a4,ded tordheT, their aum shall be O'Ile hundred. For the pllrJOSU ofluch compllbtfcm. t:he ollMour fntu'IIl iball be the 'bout which thue shall oc:c1lr the muboum on...how IDt..
nated cofndde'l1t ante.m demanda of pl:l'lier and demanda of toW Bulk Powe Supply provided b1 the Authority to all of the PuUdpanb.
(cl Sach EliHUement Shares of transmiSsion IYitelXl. facWtlti included m the Projrect shaD be utimatad by the Authprlty priOt' to the ileghminr of any Power Suppl, lIul.d Judi utimatu 'shall be eet forth In the Annual System Budseto .'RnisioAi ~ 111d:! utlmatad Entitlemmt Sha.ra shall be mad.e by the Authorlt:, at the end of PoWer SupplY Yur bued upon lIuch IJlltem dlmal1tli &II actuaD;r expertlnced and the1:il11inp fOf.luc11 PQ"ITU' Sup.
ply Yur abaU be adjosted by the Authority ICcord1ncly.
SectIon a09. Pled,1II o~Paymeftf.fll*
. All pA)"'I:nl'l1t4 nquind to be n.ude by tbe Participant pursuant to the pro-.isiCWII a:f this AzUc:le lU. and &11 other paymmts attribubble to thl Profect or to the Annua.l ProjKt CoIIU to be made 11'1 lLecOJUnee wStb. or pUllUant to an1 otMr provi&lou. of thJs Contrut;, ,hall be pledaid t.c IICIm! the paJ:m.ent at the Authority'. BorI.Ib.
Section 310. Pa)'1II.ent &II OpIU"aUn.- E.xpmu.
.So lOD, as poyer ami enulf lItwJ actually be n<:eim by a Participant from any 1adltty or t&dlltSa a:f the Pr01ed.1he Partidpant'lii E.utitltment Sbare of .A.2:mWll ProSect Costs sha.1l be pard by tIl, Putfdpa:mt u a co.t ot puduuld eleCtric. power and eiUtrSY for P:ut!dpaDr. electric aDd ~ an D:pIQ.lt ot operatlOD aM mamuuDce thlnOf*.
Seetion 811. CreOn. to .A.:MuaJ Projlld Colilt.
The A.uthorlty :IDay. purauant to the Sdledule a! EntltltJUDt Shans and psrlIdpat:ion In In:hrtura~ ttlDmuuloD IIntam arramlllAl wJtIl otlie~ for 'Wblch provllfon is*tI'WLIt IA Sec In tion 302(e), benol, Illl the output an" lIe"ica Df IdU. lnc:lu"ed thl Project to otbta utilities. :rhe &atldpatld proceeds trom such lab! .sluJl be utimated 1n the Auual System Budret:. and Ilnr net rn-enUH actuall7 recel.."d by the Authority AI the ruult ot ilium sales to other utlUth. dmiDr ~ month of the Power Suppl;r Ym shan t.. credited to the Parlid.
panta In proportion to their Entltllmlmt Shares In tbe monthly ::aUlInr Statmllmt for the ".
folJo1riDr Jl.'l1I31 t.h. -' .
SecUon 312. Sale ot Exc. . Pa:rUdpanL's EDtfUlmtl1t Shart.
In .~h.! ev~nt lbe ParlIdpant shAU detamine that all or any part of tnlll Partlclpant'l
. ElIHUemot SUre of th. output and IIwvlces of the ,lnuaUn.- faclllties of tba.l1roj_t are h:l.
n UC2S8 a:f the requinmOtli of the Partfdpa:mt, the .Autbont.y may ** and t.t-and'u tor 1lD)"
period ~ time all or anr part of such L"CI:.W output and Berrie. to lucb other Putfdpanu
- u. sh.t.lI aBrM to Uk. IUch excess output and. IIlr"leo, prarided,' how.Ter, that in the 4"ent the othll' Participant. do not ..ane to b.ke th~ utire amouDt of aueh Authodtir
e, shall haTe thll. rfrht. to dispose of 11lc.h a;c~s tc otber ut:i1.iHu. If all or aU' pcrilOli.af lam uc:Us cf thlill Parijcipallt'll Entitlement Shue of output Id ,uric. Is 101d. punuut to WI ISKtie!1,. thll PartlcIPll1fs Entitltmut Share IbD not be l'edll.e.a. a.uiI the Pa.rt1cipant shall
- remain Uable to tba Aathority to pay the fnllamaunt d. U.s BUlfDr Stabment u S! aueh, lale kd. net Mil'!. mad.; &XC.pt that .n~h nability slllli be dlJlchu,ld to th. ~t 'that the Allthori*
ty .hail ned". pa,.ment fer lI12th ex.c_ ntpat and services mt'Zl. tbe purd1uu or purc.huulI thereef.
ARTICLE IV SUPPLEMENT.\!, Bt.JL'K POWER SUPPLY ABRANGEYENTS BecU.on 401. Supplemental Bulk PO'ft1" Supply Prtl'rld&d .1:, the Aythorltr.
The Authority will prevtde er cause to be provided to ~III Putfdpant its Suppl~ental Bulk Power Snpply !lUriD, aeh month ef uch Power Supply l)u. Such Sl.lpplcentll Bulle Pewer S.t1ppl1 may f1'1dlld.. bat lball net be'limited to, putiai and fuU flllqulx:ements fhm pewlr purchua, ud. u:alt. power lu:rice. firm and llou1irm capacity I..I:I.d aerv .mee.
tral1lmLuion le&:nci a.uiI ether llltlllrcb&nsl IImCILL m.de ayalla.blll U a nsult cf tru..u.c-'*
tfelUl with ether utiUtiu. Th. COIb to tb. Authority of electric power ami .DUO' purchue4 by the Al.1tharitJ' from other IltfIIties based UPOIl tariffs filed. by ad other utWtfes 'With. the Federal Pewer CommJufell win be diredly rdlectltd In th. mOiltblJ ::Bfl.lfn: 5t&l:.ti:m4mt to the
.. *PuUclpallt. SIlC'II mellthly Enllnt' Statement "lUI includll a aedit for IUch potllt
~iaD .fac:iUtiu a are ,ewned.. f'muCl!!, or eperated. hr the ParticIpant.
SlI!ctJell4D2. Charg. for Supp1emeu:ta1 Bult PowU' Supply*
- Ca) Tit. AuUloril;r will bbblilh fail' and narld.iKrlmiutory char.- fell!' all ""ica previd.ed by the Allthority to thl Participants relatln&' to the Supplemental Bulk :Power Su-p..
ply of the ParitcfpADb clalped to fll:over aU ot the AuthorltYs coat! of at:q,WrU:lI'. fil'ulncllll'.
op.ratiq 04 ma.lntainlnl,such Supglemllntal Bulk POMr Supply as lIum coati ant .eUerh In tlie Almual S".tem Budpt er any amended Anl1ual S,.tam Eudpt adopted. bJ 'Au pUQuant: te SedfOD. 202 2I.ueof. ami sueh coats sh.alllndw,eAIm1.lal Suppa.tIl Coats as defined in SlCtien IDI (e), benof; lUll!
(b) The Authority sun but the Participant each month durlq Deb Pewell!' Supply Year by providifll the Partfdpant wUh IlL BDUnlr Statemen.t ao:o.rd.illll' to the char,. \llilUb1W&ed pursuant to the pl'cry'ls1eM ef *thla Section 402,. for the luvica aupplfid. to the Plllrifcipet by the Authorlt.r &II At forth in SKti~n 408 hereof*. and. fer the COlts I!:u:urnd. by the Authority
&II set. ~crth in this See.tiOI1 4.0.2, and lIuch btU .ban be paid by the Part1dpant on or Mfere the .
tenth day 110m the l5 ..te thereef, Amount; dill and l10t p.dd by Hi. Pa.rHelpW Oft or before saW clay IUD bur u addition ..] charlill of on. and ODe.hlIt >>m:mt !:IeI' 'll:lDuth wta the amo=
due r. paId In flJll. At the end of each Pewer Supply adjllstmeub of bUlInl'll ahall 'be made in accordance wfth tta ptovilionll ~ Section 20g herlilof. , ' .
SecHol!. 403. S~ppJemtfttal 13111k Power Supply Taken. hy tke PutlclpllDt;
. 'the ParlidpaDt ahaU take all ef ft.s Svpplemenl.lllt Bulk Power Supply from the Autbe:dtT aDd. ,hall pay to tht Authority the Paiticfpa!lt'3 Proportionatlll Swe of ADlWal Supplaml.n:tal Coats ut forth ~ the .Il1onthJy BiUtllB Statement submitted by .the Authority to the PII..'fticl..
pant. . . ' .
16
e*
Section 40'_ Altlmal. Supplunl.l.dal :Bulk PoWat Sl.Ipply Raoared.
If the partldpQt to praeun lUI IOUrce of .supplemental bulk pOWI!' sup..'
-p~., othtt than that provided by the Authority, the Parl!eip..nt JUr.do 10 !hit {ollomr terms and condfti?U:. . '. .
Cal In DO eVent will the Participant's Entitlement Shan of the Prpject be nc:luc:ed, and the ParlIcl'pa.Dt ~ continue to lie obU,ated, to pay Its EDtl~t Share of .A:rmulll Project Coats;. ' .
(b) The Partlclpant ",,"11 Inter into an intel'cm:mlldlOl'll.pwnent wtth AuthoritJ' lor ruuve.s. emUleDq, tC'OllOmJ'. sched:uled &.1'ul othu intlllRhup ,wric:e, tha tum.; &lUi couM tiOltl.ll of which 'WfI1 be .Jm.nar to theae coZlb.ined in lntuconnllCtion urmgu.a.ats betwllen t.ha A.lrihorlt:1- .
(e) The Putidpant live uotice to thll Authority of its intention to pl'ocun IUch alternL" 50urea whfch will relre", the AuthOrity from fa obijptiol1 to prmd. HrriclII equ!v
&lent to IUch alkmt.te souret. Such notlu will bII at laut the foDmnr:
ell Two rMn if nch altanate source eql.1lli 20" or lui of Participant'll total puk d.ma.D.d J~ SEPA power ud Putldpa.nt's :En~U.ment Shue of thll output and serviCe!
of the senuatln.r faelJft.{u of. thtlll Project; .
(2) Thr.. 1u.n If lIuch altun.a.~ loured eqWIIls more thu 20" bqt not p'1I&ter tlwJ.
SO f& of Pntfdpa.n.t'l !obI pull: dimm4 1_ SEPA. PO\Yti' and Putrdpant'll EntltlcneZit Shul of theiNtput and llilllnicell of the lenuaUDsladJitJlI'iDClude4 in the _
(3) :nt'e 'lID if altunati &0W'&:e morlt than 30,", but not nuter tban
- ~" of PariJdpant'l puk dUl:!and Jw SElPA pcmu aDd Partld;ttmt'l Entltlml.lmt
. Sha.n of the output.and lliuviea of the P:nuatinl f!ldlltlu of t:hll ~jKt; (4) SIVd 111Ara It lucb altens&te ,ol1ree .!'rION thm 40" ht :aot: lTutu: thu GO'; of Putfdpant'll total pule: demand lUI poWti' lM.l'artidpDt'S E12tiUunmt' Slue of the !-,utput and .suvlcu of the,lIneraUn, fadUties of the ProSect; (5) Nine 1urli aittr:uta lliourc:e equals more thlm 60'" of Partidpant's total
-pale dlltUlid 1"111 powU' and Participant's Entitlement Shu. of the outpl1t aM svrica of the ren.nUn, fadlitlu of thI! Projct" P?j~'ril:lled.. howlVer. tb&t the Alathodb' and the P8J~tfeJlna:t:lt 'lnq mutlWl)' qru to a notiCI shorlU' t.lwl d7 of tho,. provfded .above it no Authorif.;r as the rawt of suc4lhoJ"tsr AOtfc:t.
or coat would be u;pcm t.blI SecHon 40S. Interc:oMtdlol1 Ar.l'1U1lruaentl*.
n.~ .Authority -&lid t:h- Putlcipant mar ml.ltuU, ap'I' to enter .Into ar*
ran,ementi 1'01' :taICVu, mUlzltnq. econom:r, IIchedvJ.ad ~d othu bxteit.hlll.rlp IInice for
,lUlu.tion and tra.1'amfa1on f&cllJtJ. owned li, the PutldpAl'.It on the tlfectiVl ute of thIa Cont:rKt, the terms and conditions of whIch arran,llmanb :shaD not be ~t with -to, proridou of this Contraet. .
ARTICLE V
... . ADDITIONAL lJONDS StctIllD SOl. Xuua.nc:t of Additional Bonds.
(a) Additional Bonda be HId and iuuld br the Authority in accordance 'With the proviJ[oDl III the Bond at an,. time III.nd from. time to ttme in the for or
reuon. the proc:ee!i d.tved from'the IIlle of the :Bond. fin!: TaUCiahd PW'SlWlt to t.hI prQoo.
vitioM oi the Act &Ad. of w.. ConttlfCt lhaIl h wuffldlnt for the purpose fIf complltllll' the blitW o:f thlt Ptoject 04 plld.q I&c:h fr.eility thueof in Commercial OperatioD In c1adiQ' the compl.tton of thoM t:ranmduI01'l mtem. fadlitlu to be acquired ud. I'!onst:ructad b1 the Authority prior to Commtrda1 OplntiOD D&t. of the list at thlIUltnLt!~I"fad1l.
tiu of the ProJd to 'be C4lmpJ.t.d 1D order to JUf!lt Authority's 111".tm.tDt nsponslbmt)t
.dura, such pmoci fa C:ODJl~cm with Ulf Ilfeeaumt for an IntqTibd vmmd.uicm
~ch the Authority . .,. be a party m ICedance with the provblom of .BectioD 802 hereof; 1)'.- to (b) At!4!tiouJ Bonda may be 1014 ud tuQed by the Allt.'horiq' in lC~rdl.llC8 "With tba pro..
viII01.lJll af the 'Sand. RaobrtlolL at &D,. time uul flom time to tImIt IlL the. ImIDt IIInIJ :r...
Qutted. to pay the coat of (l) IJ'1f major fWlWlIa, replaeemll'lb, repdrs, ddJtlolllt better*
or JmprOnmob, to the Project 1L1Ct.Ui1U'7. ill the optnlon of the CouWtms B~,
keep the ProjK~ m1004 opet&t!J1r coa.4itlon Of t.g. pnVlAt III. lou fIf nt'mnulS thudrcm.
(1I) Iny major addltiolLll, lmprClftllWlil, I'IItP...us. or _dlfleatiCl'ld to the P.roled:. or U'1 comm.lui.omap or ~w of the Pnject, required by any IO'fUllmmtal I.JeDC1 h .. ""DI' jutfldlctlon o"el' till Project or for which the Ardliority shall be rapondble. by Yiriu. of my obllSatioD. of the Authority arlalur Ollt of &ay CObb-a.c:t to wbkh the Autborib' may " a. party nlatmr to owuuahlp of the Project or !mY facility thereof, or (iU) l'1I!l.oad fuel for neb pller.
atioD fa.c:Uit;r of the ProSed tIL &Dr Power Supply Year to the ~Int thAt f\U:llu are uot "nllable lu any t * *1"II'ee utab1iabed. the Authorltyi'or Full Coata;j provlW hewever, that DO sudl adMtlow Boa may ",. Juutd for the PIU"pOII of addll10lW .enentb:lJ umt. to tlw Project. , ,
. (e) At aueb time q fUDM m&:r be required to provide iW34s in uce.u of thOS'll provi4'1!d flom tht .ale of the Jow flrat y&l1d&ted pllt'SUQtto thtll Act and tbfs Contrut to mitt; the
.AlliMrltYI hlvdt:.m.eDt rtspOll,dbmt;r ID eopnee&n wltb th. :l1't:eUtleDt to which Uta Authini*
ma.y h IlL put,r pro'ridlnr for an mt.errated .,..dem, ~dQce with the ptoYiaiCllll of Sectbl 802, heriot, the AutborftJ ma.:r provIde sucb. funda as be nICw&ry therafor 'by the !lIQUCI of adcUtlond Bow. "
(d) An., lIuch additional BOb&! alWl be IIIl1.Cur.d by a.s:!IIgnment of the to be
. e b, the Partldpaab purluant to the prarisiolll of .Article m of the Power Sala Con.
tracts, indudlq pa;rml11b rlq,u1red to be made ArtIcle In of thb Contract, aud aU oth tr pa)"muta attrlbut&bil to the PRjed or to the A:n.D.lull Project COlt. to JI.'.I.Il.4t In a.cc:ord IDfe with or pW1lun~ to '1I.D1 other prorialoJ:l of*1:hl'I Cooba.c:t. and. IUch othU' PowU' Balu Coatrubi. ILl PlYments may bII b:u:r....ed. uc! mud." 1:11' rllllllOZl of the .luulLuce of aa.ch I4ditiOl'lu aa.4 su.cb additional Bond.!! ,mI.,. be luue4 In amountli JldUdat to Pl., the tull ~UJ\t cI. eosb ud aut!lei_t to provide'ILleh :r.enu All ma)" be reuou"hl1' .
tumbled tb.. Authority to be dulfable. ADY Iw::h addltloul Bonds wlbld m lICCOn!Uc:e with prorisicma of ~h[a Gaetlev. 501 and secured by aufp,mmt of pJ.111leDti to " made In Iccordl.l'lci with the pro'riaLOftl of thl.e Bec:tlon. may :rule: pad puau as to t.b'leCurl~ d'- ,"
forded bJ'the proylsloWil of* thla COli tract and of aU other Pown Bala CoDt:rl.Cts batw"HJ:l the Authority and thAI ParlWplnb raIltina' iIJ the PrDject ud to tl1e IUUlI:IC41 of :Bono tMl'lIafor with &lL Bouds thEetolor. b,ued PUNlUIBt to Imd lecLlrell in aeeordlll'lce with the prorialoiU of tbls Contx-act.
S..ctioQ 502. h.s~" of R.I\ln~In. Bonds.
rn the ,,,tnt the AMWil Project Cosbl to the Putb:tpl.nta of .welde powu and' ' ft4InIY hom the Project mq be ndl.lced b1 the rd1.l.ncUq of 11'11 or the Bonm then oubll:andlq or In the lII'11'1ftt it s~ o~e~fSl be ad.YMt&,eo~ In till oplllfon ot tht AuthoritY', to relund an,. Boa:d.s, the Authont,.. may lSWe .a.nd seU 1'ell.lnd.lal Bondi m be secured by a.ull11ment of the p!I),IJ'l.IlIfttl 18
to be made by the Participants pur,mint to the' pro'rilicm.s of Artid.e m of the 10"0: Saies Col.'d:n.ctf. Includina paym.lll'lt.I feqW:lel to bit made undllf Article III of th1I Contnct, IIlDd all othu p&yt'l2mb attributable to the Project. or to the 1U1.1U.w lroject Cod:' to b. made in aCC::01:
dmca with or p~t to my other prori.w{an of this Contn.ct Cld fUCl! olbu PCI'Wfl' Sues ContnW. Any such :rdu.nd!nl hnds luueel in ..cwrli&nce with the FllvUiol'l.l of this. Stdfon and .
~ by uri(n,m_t C?f.,mi:h paY1Dtnb mar:uk pm u to <<be.-uritr afforded by the Pl':C3rl1ioDl of thls Contract lind of aD othu Pow. Sales betw'tttn the Authority ud tblll
. Particlpa.nU rd&tinr to the Project and to tNt laumce of Bond. thmfo:r with aU boblh theHto fen:e 1m1ed ~t to and RC'I.IRd mm:orli&nce. with. the proMona of this Combact.
SIICt!gn 50!. A.djnsUa.eJl1 of Almual'PrGjed CcIlt11.
In. thlll evct the FlJCa4I derind fro~ the sale of a!1J' Bonds [auld p\lrs\1llllt to the Pl'G viaiolll of thi8 Contn.c:t, the ,a:yment of whSch Sa IKtD.'ed br USSpmellt of 'Pa1l:Mnb ma.d.e
'P12l"I'Ilut to the 'PrG'll'iliou o~ this Contract and Gf all ot.b.er Power Salu Ctmtn.cb hew.q the Al.lthorlt7 lIuJd the P&rii~aJlb :rtktl'Dr to the eel to the _\lanel of Bow theze for. u:cHd tba &nrep.te amount rlllQ,ulrlll for thl plll1loaa for wbJch tuch lhmd. Wlin I.i "aued, ~II Unouni of a1.lCA IXCai .h&1l be usad to make up an,. dtd'ic:1sey then e:dst!nI' In UJ' tund or KCOw:lt under the Bond Ruoltltlon in Uua llW'UIU therdn 'Pmvlded. uti lUll' baJ.uttG sblll be uaR to :ntl:ra. by. purchue or c:all ll1el rmempti01'l."Bonb in .d:vuee of
- maturlt,. uti.in such uent the Authority "Irill reduce such l14emmb of Annual COlb u are nee. .ar)" ud appropriate to reflect 11Jc:h accelerated reUreme.t.
A..RllCLE VI DEFAULT S~UOIl 601. E'fInt. ot DtflllvlL FdlUJ'1 of the PuUdpaut to JUke to the Authority &!1J' of* the p.Q'1I1lDls :for wb1ch 'Pro vildon !a. made in Ws COl1tnct ihllJ c:oilstitut. a default on the part af the PutlC'PIUlt.
~it 502. ContiAmnr ObllraUon, Rllht. to DlsconUnue Sen-1c:e..
hi. the I"ot of &!1J' IIUeh detau:tt. tha PU't!dplllllt slW1 I1~t be rtlil'led of Ita lIal:tUf;J'tGr paymmt o:t the amcw:l.flll mdefault. and the Authority shall ha..... the rlllIt. ~ rlCO'fU' hcn:D th.
Putidpant aJ.!T 1lQ10w:lt in d~.wt. In enforcemmt 01. auc:h rla'hi of rllCOtUJ'. the Au thorib' may brinl' any lait. action. or p:cclHlldlul: In 1&111' or equlb'. fDC1~ mqdamWif ud acl;fon for a;peciftc pmormaDC.I &II may be ntcuarr 01' approprlate to Ulfm:a LQ' COTqant.
q'rttmut or GbJJiation ~ m.ake lmJ' payment for which provi.dOl'1 II 1I1&ie In tid. Contract apbut tlle Partidpant;. and the. AuUaorit;r may. \1POD d.:rl:t 4ay.ll wr/ltuI. 1I.0tice to the Pu tldpa.nt" ClAn and dlieGntinue prGndIl1I' all or any po:rt!on of the Partlclpllllt'a Balk Powez Supply.' .
&c&n. 603. LtI"fJ" Gt Tu tGr Payment.
. ID the n'ct of lIuch dd..ult 'by the PutJeiput, the :Participant lbaD provide ffJ1: :the u..
aaill ......'...... and .coUectioD of *an annual t.u: lu:ffidmt m amount to pro'll4l flmdl unuall:r ~
aU pa.;rmen"b due undez the prorialoN ot this CGD~t in u.c1l1ur oyer the remJWu:lu of thelffe of. this Contnet and lb* .Authorib' thaD hay. the ript to b:rbir IUI.Y nit;. adfon. or proceedJnr f.D law or In eqat:.Y. includfnl: lr.I&adamulII md actl:Gn for lIIpKi:.fie ;ufcrmll.DC8l" to en.
force the a.uU!l11errt .and: coUlCi:l:cm o:t a collt1I1U:i:UI' dinct umual b.lt: upon 11111 t'b t.II.:ub1e property wlthfn the boc_ria of IUd! Partlclpant II1lffickIJt rn a;mol1llt to ]):Ond. :fund.
A.I'.I.lluaUy in each of the ;nm...lI:u!U' of thel1fe of tbi4 Co'Dtra.ct.
19
Sed.llll1 604. '1.'rma!1l of Powu ILDd Enlr1'7 PUDuut to De!nU.
In tH ....at of a default by a Partidput, the AT.itllorit,r IIlWll:rI.nsfu. on a pro rata "bW.8 to all othu Pariklpuau which an Dot ~ the ddaWtiQ Parlidpat'a EnUtl..
ment su..r. of the output .wemeu of the Project which Ibn line bHD dJaeoatiaue4 'bJ
~ of Jadl. d.taalt, aad the ptv rata portfo%& of EDtU'IIlUIIDt SJw:lIl of the W.ult..
Pdclput 110 i:n.IIs:Wred Iha11 become a put of u4 ahaD ba l&Ied to.tu EJ1t1tltmeDt .
ShIUe of eJds. such tn:u1'uu PutidpaJ1t, ana tJs. tram.fUH Pui!dpant dan be obU.aW to p..,- fOl: Ifa Entitlamt Shul. 11lcnuN as atoruliat u 11 tht lInHtlem.eut 8h.tlni of* thtl tra:n.sfill'. ParHdput, iDcn.,.ed. as aiofUtJd, had bIIm atateil orlIbWlr u thl ;S11t1tlement of the t:au:fUH PutldpaJ1t in ttl Power S&la Colltn.ct wUb the Audurdt:r. prcrridllld, howuer, that i.D !I.C ."mt.&hall R7 b:a'J,l.ll:f~~ 'of !UQ' cf a dd&l1ltiq' parildparl EDtitJ.e..
mInt Shu. raw'!: in u oblfsratioD of .. tru.du.1t to bUT output* uad allrriclll of ProJad. fRm the A:.tthodtr In excess of fUt, pvcut mOd nct!DIb' lD&lio imum tum..! hOllrlJ puk demand of II~ tr&uene Putlcfput ad pron"ell, that the obUptioli of the dlf&wtlD, ParUd.pallt to PQ' the A\&th.orU:r .bll be ~ue.tId to the Ixtmt that pa)'mAlll1bJ aba1l be recelTed br the Autharlt:r tor tlaAt portio!!. ol the 4efaultlulr 2utIdplLD~J EnUt1emllt whld! may be tranlfernd u rlonuld.
Section liDS. othu.Ddwt. 1:11 P~pa.nt.
In the evmt of .. !aiIUl'I of the Participant -to Istabl1l1h. n:Watal.ti. 01: colJec~ nta chur.' adequate to provide revenue :nafilcJel1f: to etl&'ble tb.I Putfclpant to due to the Authority md~ thla C03l.traet or in the nent of a fal1\'I.N of the p~rtfI::ip.L:1t talce from the Auth6iit;r its Bulk Po,"!, Sapply In. ae.e.orAam:e with the pn.rriafou CO'l!ltr:a.et. or mthe PlAt of by default by the Putldplnt !mlier SIl1 otbu CClTeMDt, mmt m; obU,B.tfou of WI the Authorlt, pr sutt;. adloa, 0);' 'PrcllC.'~.r i.u law or 1D eqmtJ'J h!.jl1udiolll. for Ip<<dflc :perfol.'tl1&JKe.. a
'be neeuul'1 or appropriate to trdorc. a:a, to'ftUII.\ arrlGWlot or obIlratioD of thIs
- lU!'I
- rJloI:r; qdut the ~.utl.dpaDt.. '
Sec:Uoa &116. Dtlnlt br Au~orUy.
In the III!fent ot an", ctet'Jl.dt by th. Autbortt:r un.iu any c:olllnaat. q:l:dailtn.t or obUp'tfotl ot. th!s ContH.ct. the lutidpm' may brinllLt'&y Nit, acticm, or: proeeldlq m Ia.wor in equity.
Iuelud.lnI mandamWl. lD,fWICUOft. and. ~tfon for qaeitic u ma, be nec:muy or a.pproprlate to en.fox:ce my coveWLflt. ap:elmmt. or ot'thls Contract tIplNt the Authority.
SecUoa &1)1. AbddOQme~~ ot .rI.aI!lCIlT.
. la fue I.DJ' prochdinr .ll.Ccouut of allY delaall shall llay. bttm duc:outlDued or a~don~ :lor ILD7 reuou, th,l ps..rllu to Il.Iela procefllltlf.s _11 -hi restored to -their fo:rm.er*
positlou am! rilhb heuW'lCllIIl", :rupectivily. and: aU rlrbta. ;nmidl., po\llWl" and. c1I.1Hu of the Authority and. the' .Parifc:fplllt ahan continue u thou,b ilO neb procHd!nrs had taken.
ARTICLE VD GENElUL PIOVlSIONS 101. Oanduand of &nfcL .
(ol) The A.1Ithority may temP01'arily h!.tUTllpt or reduce ',Ibma of clectrl~ mUI7 to the Pllrtldpant if tlte A1rthorit'1 detlrmJllU that /IUds JntUTllptJOI1 or ~UCtlOD fa Dee.Ud'T ll:t cu. of emused_ 01' In orCle.!:' ttl iQb.1I tqwpDulnt hi or IWlkIll rapaln to 0: .ntplacCDeDta*
.20
l:ovn,.t1ou, mil i'filpeetWM of OJ:' to pmcnn other malntmaac:.a ~lc CD Its lUI.ration or Uaum.l.$lion fadlitiu and related AppnatWl ** Mter mtcrmi:al thlll Partidput. l'1II,a.rdinr
.er ,Ilch ~1II4'mt&m1ptilnl or reduction, Prilll tlIe reuDn thenfln", and statinr the prob able duatloll tha'eo.f, the Authority w1!.1 to the but at itl ahilitr Idledule such IDtlllrnlptlOD or reduction at .. tJme lIhlcll C&UM ~he )eut: 11'Ittrfulmce with the Open.tiollll of thl Pu1;f~ta.
'. (b) The Authority 'ahallllot b. nqulftd. to *proTid.e, 'III' be liAble for fanl.ll'e to provilJlI*
.
- erric. ullder thh CoDtzad lIhllln lum o'r the WlaUca or. curb-.ilment rd or mw*
ferl%lCe ,nth the .enfce is QUIM br Uncontrollable Fomas or, ...ntb rupect tD the IImcu to be prcrridlld for Supplwnntal Bulk PClIlr S apply, s.. C&IIHIi bt the fLllun or refusal of 11.111' othllll:' bulk JOWr:' IIfPPUU to mter into reuo:ubl. utltncb with the Authority or 'b1 the luabiHt,. of tha Authmit:r to obtain any req,l1lrCd rovemmenW IPPRlvaIs to e.u.bllll the Au thoIit:r to .cqulre or ccmab:ud any fac!l1Uu.
Section. '10%. Mdmn,.*
(ILl ,The Authority raU'Vu thlll dl"ht to provide for inltal1.atlon of 'lneten Gd will pro-vld. or Q,W" to b, prorided an nIllCUIU'J" metedn, tq1dpmllDt for dttumbdn, the qua.m:tty II.Dd condltlOM of the lupplf of electric FIFer and IDUI1 daJivued b1 th. Authority tmder tha 'Ccmtnct; provided ho'ftvv thAI Participant ma:r at ib own COlt wtlll.D aildltloul mtltermS' -eqmpmet to provide III: cheek on that at the Agthorlt,.. Th Pl.l"UdplI.flt IlhaD I11lIPJy without cc.st to the Autllority .. Jluitabl. place for Insta.llhar the Authority'l mlterinr; eqD(p..
met. .
(b) It l1.l'.I)" m.tar ullld for bnulll' faile to register or Is found. to k ~t.. the .Au thority shall npaJr or rapJ.c. Ilu:h m.tir or aut It to be repaired or replaced, and au appNpriate bliltq .haD be made to the Putidpan1: b;r the Authority bue 1.I.1>>OD the IDfCl1'l.l3l1iticm .nDabl. tor tb. period. DO~ dceediDS' ab:t7 &'tll, durl:l:lJ' which u r.n_termroc- .
AU7 meter tilted and touud to be Dot. more tw two pU(Qt II.bove Dr bellnF Dormll
.lUll b. couldend II.ccU'ate Insofar u eorrec:Uoil at bDllupb cO%lCti"ud. If. u a rault Gf any tat, a meter Is found to ugiriar til .xC.IUI of two pucent. above 'or below Dormlll1" then the R.u:UnS' of ~l1ch metu pnvfoWl1y tabu for blUlD, PUX'POsu llbal), b. eorneted for the J>,pod durl41 which it s.. ubblbhed the Meter WIS fuc:c1.U'ate, )s\l~ no. C:Ol'"l'UtiOllI~a1l b. made for an1 period beyond .r.:n)" day. tD lb. data on which II.U i1u.ceurac1 15 dbcovulI4 IUch test.
eel In additioD to lI~ch teata as &rill llec:au1U7 'by the Autbcrlt)". tlt.* Aulh9rlt;,.
IhaJI han 1!17 miter tated at any tima tlpCID written "quut cl tlia PaxtldplllDt and, it Illeh meter pro"M accurate two pucut a'bovi 'or bellnF uomaJ; the u:peme of ncb luI:
ah~ be .borDa. by tha PartIdpllot. .
110 (d) na AuUtcril7 ,hall noUt, thllPutfdpmt lu advance of lba time at any m.~ tut that -& nprqetatfn of the Partlci'pant mal" be pnlli!lUlili.
SltcUOft'lO&. Power DeUy_d** '
Powar and iIlDeTD furDi.lied to tha P.a.:rtic:lp.u.it uDda- ihi~ *Cclltn.ct: llhall be to tbi form
~f thne clUTent., altUll&tinl' at II fl'llqu4Il'IC;f a! II.JlP1'OxIm,.ttly 60 Hub. '
Sedfoll 10". Lld.lWt, ofParUu.
- Th. Authority and thll PlI.rtldpoi: shlD ..mum. full rerpolW"bmty lind nabUity tm.: the t'I:I&iDte:aa~ uti operation of their rupec:tl.ve proptrlfu IIIlld uch abn .Iud DVI hannlM. tlIe otbu from an lIabfUty and t.Xp&:IU, oa account of an)" a.nd all dllm..
21
e*
or adiOII.I. indudlq injury to or duth of penol'll aruinr from. ILD7 act or a.eddmt in am,.
uectlOD. with tb. lnata.ll&tiO%l, prl!lI.nee,. m.a.iDtoaDel!lluld opentiO'l'1 ot the proput:r and equip ment of th. lI:&deDm1t1f.nr piI.lt.J' ad DOt cauud fn whol. or III part by th. nqlfPll~ at thl other Pa.riri provided t1u.t &nJ'li&bDlly which Jill inc:urred by the Authority tko. the oper IIUOI1 and Il1sWWlance of the Proiect md. llot covered. or I10t covered suffk:futb', by fJ1l!lur PCt .lWI be paid. solely from thfI! mrenul!iI. of, the Authority. IDd UI'1 pymuU mad. by the Authorlty'to IILthtJ'. such. nlLbilib hKOmI pUt of A.mu:w S:rmm, Bud,et.
Sedloo 105. Olhu71r1Z1l11md Conditionl. , ,
Su-rice hereunder .hall be bt I.c'C01'd8.llCIIJ with INch other te:mlI Ad emMtiona u Ire
.ti.'b11shllll u part af the Authority'lil ..nfee :nzla ami repla.t!Ol'.IIII, wldch shall npt b. m coD:listmt with the lIl'OviI1oJ1l!l of Ws Cont:act.
Sed.fon 7116. AsIIrIpn1cl of Conlnd..
ia) 'l'lWs Cqntrad shaD inure to the budlt of lIIJld lihaD be bbidhlr ~ thl r~ve IUc:eWOrs and ILIS,fpa of the partiu to tbilll Conb-ACt; providedA hCI'Wtrle. that: o:eapt ILl pro.
vfded in the e¥eXlt: of a default, and. ~e't for the usipmmt: '0., the Authodt1 lII.uthori:Jld hereby. zwUuer thl. Contract .tIOl" any IDtuut heem dWl 'be tnutund 01" ~ by either parl:r heieto aeept 'With the COCil'Qt In 'Writ,b:!r of tlie oth.. p.rl;1 hereto. prorided.
hoWft't.r" that ncb cOMfilt: ahaI1 JI.ot 1rit'bheld umeaaJUlbl,.. No "'p.m.et: or tl:as!u of Ws Coutraet ,hall raUeve the partfu f:!l UJ obHratioD hue1.mder.
In Ind to III .P&7TAmtI to be _I (h) "l'h. J'artidput ac::k:nawledps and ames that the AuthorJt,r may uaip ui! pledJe the TrI1!tee ad Co-T.rwstlt dtdpate<l i.n the :aond RuoJ'IItlcm III Ita nr'bt, UtI.,. and m-to the Authority 'GIld.. the Jj)ivridms.a ci Article ,m o:l Ws Conb:act II.D.If aU pa1D1utli attributabla to th8P'Hj'Kt or to t.H.A.:amid P.tojll!d'Coats to 'be :a,.I.1!~ iD aeeordeca with 01." punum fa U1 other pm'risl= at th1s Co:zrtnct; as aKmitJ:
fCll:' p~ of the Pl'bidpat Cmcludbr af.D.tdDr fund inst.alT:mot1l) af, PId pl:'dum. it "
aDJ. and hl.We-st Oll all the Bods. &lid, I.Ipt!'111 thla executlol1 of IUch umpmat &tid phidre..
suf.h 'l':t11atee .'ball have aU rlrhta nd m:lledfa henm proYided to the Authorit.r*. mil an.,
,rafm.nee har. to thi Atithoril;J .haII. 'be 4tata. 'With the ulRCUIUJ' chur- in &tetd. to iDdude 8ueh Trultte wMeh ahaII. be & third put,y hendlcluJ' af tlI. ec.veIW!b a.nd igne..
mlUlb of tH Putldput hen.hl ccmt:amad.
Section 1M. Tum!naUoo or A..meiadmet of Contn.d.. ,
(III) This cOntract ahaU not be tum.b.tated b,. either >>artY unde &DJ' ~eS" wl1.tha' huad upon default c! the oUler p1ft7 uDder thb Ccmtnct ClI:' a:tI'1 other f:cIatn.t
'I1'1m or othi!nrise QUpt as .,eQfie.an., Jtl"GYided.ln this Contn.ct..
'Cb) Thl8 (lorah-ad IIlWl l10t be mezlI!eIf. modifillld, or otherwil. altered in imy' ~
that ril.adYerael7 a:rtect tb~ lIec:urity fol" the Bouda aflordl<l b1 the pro"f'bkml c! t&fa Con tr&et COTuU:ll' the p&U"chau uctA of powu hultum:l.u tlpoD1II'hlch the mm. . fl-om time.
to time of the BOZId* *hall ha". nUed u an hlducement to pUl:'ClIue I.'I:Id hold tJl. Bcmda. So lOBI as uy of the BOD" ue oubtudlnr QI' Imtil adeql1ate pro'riticm.s f~ the ~ th.lIlOf haft bee a:wr. m accordance with the pl1l'riaiona of thlll BoDd RaoIutiClDt WI Co:tn.et ,hall not be a:acdad. modified, or othuwf.re aItu~ In uy muu.. whida wm -nacrc. the >>&7
.mets pledpd ILlS aKtlrity tor the :Bo~ J)t' u;tuad the thnlll ct such p..,me.uta pZ'01idlld be:nt in or whfc::h will iD. aDY ZZlAIll'lU Imp. or adversel., aft'Kt the rilht.l of tQ 0"IfJ1U'111 ~1'11 time to tim. of the Bond,. ,
ee) NODe of the Power Sale C:mtnC'b -ma., be &.mended. ILl to I.D'J ou or mon :PuudllUlts
110 IlLS to proTida tmns lI.'Dd cOl'lditioUJ diffuent from those herein ccmbined except upon W'iie.
Wi node. to Ind writtm !=tllISmt or waiver br uth of the ether Putfdpanb" ud upon dmflu
.amelldment bWJI' made to tne Power Sala Cont:nd of anr ilthu Parl.idpalrt nql.lutinll such Immdment utiI' 1'.eceipt brauch PartIdlllll'lt of notice of such a.meMment.
..u.t.U:iE. 'VIII
- nJTt1RE PROJECTS UNDERTAXBH BY TBE AUT.HORlTY The Autllorit)r.ma:y nom time to time conduct studJu IlId uerotiation! with nlpletta pJa..mU:al', duip,inr, ftni.ndnr. eOll4truetinl'. aJim.husterinr, opentml'* . Uld. :bl&inta1nh1r or othe.nrisill uquiml' tuture"mention aud tn.ns-mImoD f.&dliti. or rll'htl to the ouqmt thereof h1 lI.~cHtf.cm to ~Olll! eontemp]ated.. for thlll ProSIlld, ud mil mw reeommmda:t1cma to the Putfc.lpant that such futlnlll flldlitiu be Wldcrb.ken by the Alltborlty. If the PariJdP'Gt wishes to lIuti.te In. Mil th I! Authority wishu to l.1.tlderta.k1ll mr iuch. futurdadllttu. the
~ut.idpmt shall IXllicute a contnd tbtr1lfC?r with the Autborl~.
SeeUon 80!. Fatar. ParlkIpaDl.s.
It is exprualr unduitacd that uothlnr 'hueln 1I'haIl preclude other :future p&rlic:ipent; from conirliletinr 'lrith the Authorltr for pll1.Imi.nl'. procuriDl'. aJ:I.i! p:nrrldinr such othu fu.
ture putldpanb" balk power lIupply. fncludlrlr putfdpatfon in other projeetil tmduU~ by tb. Authority.
SecUon S03.: ChIllnIIl:S fn 'Emttnr SEPA :A.nU,e.mUlts. '.
'l;'hlll Acthorlty ma1 nqotIat. 'bulk l)O"VrV supply UTanrllmen~ with the &lltheuUm .
Powu Admf:a!.stntio~ and the GIOl"Ih Powu CompA1V 1.01' eh.lll1JU In the eUl"lUtI,.l:IIdstlnr contncb b.tween the Putldpqta aoo Southulte.m. POWU' AdmlnJltntioD and betwlCl Gear Ii" POWe%' Oompuy &lid SOl.lthu.s~n Powu Adrrunisttation wbfch .chan,.- u. for the ex*
~I!d pallXll1l o! Jowerlal' the ~a.rlidpmb' Oyerall blllk JIOwer supply C4Ib b,. ILcqubftfon b,. tha Partfclpl1'ltsof their full lawful anotmatl of South~ PowU".Admhdstrati<m power. 11 luc:b upl'lIIseci ptIl1l(I6!11 ill ad.!1avlld AM the Authority wfahu to: andert.ab luch an-ana-emuu, the Parifdpant mA,. uKUt. a contract therefor with the .Authoriti iD. which .
the Parl:idpant 1%1&7 aufrn Its alIotmtilt 01 Southu.d:am.PoWU' Admblistntion power to the
- Authorlty for delI"er:r 'b;r thllll Autbarlt,. to the rarUdpult. . . .
Sa::Uon 804. Othu SEPA Arra.zi.rQsuu. .
The Aatho:dty ma,. nqoda.t4Ii other 'bulle power Iupply UTall(Ullent.i" with the SoUthUlit.
em Pcnnr AdmhlLstratJoD relAtinr to otbu projlCtli of the Southeutun rowe .Aa.mhu.a tJcm no~ now il1c:Juded. in tba CIln'eD:tly ~atlDr contracts betwMA the Parl1dpMt. IlU14 the Southu.stern Power Ac!.I:nWatn.tfcm for acqwllition 'by the PartSdpanb 01 theIr full J&wflll allotment of Inch otha' projlCts. The Put!dpant mar II1..dip its allotment of Il.Ieh other prQjeds to the Authority fO,r de1ivUJ b,. the Authority ta the Putfcillan~..
~edfon 805. *A.lloe.llt!OI\ 01 COIIIts.
Vl:ltfl the Al:lthorlt;r .baIl undltrtake III future project or Ill1til the pro'fWou of SectIon*
. 80s or 804 hullltlf reJatfJ31 to SEPA IlUTUllemmta are Implemented, all oper..tfn~ an4 main
~&nC:fII coats nlated to the opuatfn, md c:cmdllct!n~ of the buiilleq of the Authority shaD bill truUd u. AlUlual Pro.1l1C:t Costa lind, upon the underWdlll' by the ~Dthodl:y of a future project. or upon Jl:DplementaUon of the pfovial01Ul of Sections 80S or 804 huaat, the Author!
2:5.
tr slWl alJoeata 1m approprlau lilian at itl aihtll.1l.btuth:. md iSe.nl e.'qIC.se to proj'ed: &.Dd .suclt attlUliWdb \'IDIler Section las Gd 8~
A..B.TlCLE IX SEVDABILIl'Y In e&ll1II D7 ol1e or mon of the pronaloDS ot this CoDtr&d shall tor &DJ' ra.eon be DId to be m.1Il or b2.YlUd b7 a court of compctut Ju.riIldictfcm. It is tht. intention of each of tM Pirtie:s weto that IUch ilJe&;aliv or IllnUditr .l!aU ,at Iff!d mr
_of" but th1I Contract ah&ll be COWItr'lZlId qd InforcN as If sw:h ilkpl or mnl1d pron.loa pro'tWon 'J:w1I..
had -not bHD ccmumed hudD, md this Contn.d. ,haD 'be I:OUtruN to adopt, hut no~ to CD.
la.rp \iPOrs. aU the appUca'bl. ptomloq of lIaId Ad;, al:llt lIl1 thlll appllc:a'bk prO't'UdOEllll o:f thlll Crm.itituticm I.J.'!.d ,pDlul-lI'11"s of Gtllorrfa. and. if aD,. prarillou Jit!I1lJOt eont.Uct with u.y .
appUCIIIbl8 proNlon of add CorutitutfoD or-la'Vll1, -\l_ Jatter u sdopblct b7 tlu lqblllbue gd lUI mqrewt \7 the CO\'lrb of thfa atate shall pfllva.il in )feu of I.D1' provbion blreof In COD
- fUci or Dot in hU'mOD7 IN WITNESS w:&EREOF, the )fuDidpal ElectrIc Authority of Gl!oqil. lui' caused thiJ CGntract to be a:ec:uUd fults corporUa Dame by ita dlll1 ~uthllrize4 oMcera and, bJ' the u:ecutfon hum i~ II acbo'll"\td&;ed that pl.:ymanb md. UMc thii Coritract may be ulPled, lUI provided in Sedfoo 'lot (b) hereof, by the Aathon't)< to the T:nlItee ad. Co-Trullte.e i:a be dulpated In lU17 SuppllmUlbl Bond RUolDtfon q lIecm1ty for thl prment: of aD :Sonda 01 the Authorltr. as nt forth In. add Sed:[on. 'f06(b) hueof, qd the Allthoritr hq c:.II.lUU its
. corpotatl sal to be her.unto impl'ulild and ..Hated. the PutJdpant hu QWII4iId. this Coll.
tn.et' to be u::ecutecl m Us corpofll.te :n,am411 b,. lta. dldy autbo;ize4 citfiCID u.4 Itl 'corporate
.ul to be hereunto imprand and attuted, and dellyery henot b7 the Autllorib' to the :hr.
tidplUlt la hweb7 ac:lmowledred, all as of the da,.. and 7Ul' fIlIt ..bo~. -Writtm. .
MUNICIP.AI. ELECT.RIG A'U"l'KORITY
. OF GEORGIA BY: : . ~ . II " " . . . '" .. II " III
- If " ' " .. ~ .,. . . . . . . . . . . . . Q . . . . . .' . II '" II A'.tT:
BY; ...... II " . . . . . . . ;,. .. II . . . . . ., '" ,. '" . . . . . . . . . II . . . . ~ III II . . . ,. III . . . . ' . . .
ATT:
DESCRlPTIOH OJ' PKOJECr fadllti. of the hojact'shall be tbe !oUOlrin,:
- 1. ImtiaJ med:rlc GtD~..tlolllllJld RtllLted TrmsmhiJon Fadlitiu Inclu.ded In The ProJect.
(a) PJamt lIate.h. . . .
. A IlIIYmteliin MIS 'llven-tenths Imdi'llfdl!d*\ntuut in the two 80'7 MWII nominally rated r1l.1I:11l1ll1' pnmtfn. writs to be mown u the Edwtn.l.Hatch Nuelw Numbcn anI' amd Twe. (mdMdually ~lIl1pted u Hatch Unit Ne. 1 ud Hat.eh Unit N-o. 2 and conectl'fely duft:n.8ted u Plrmt Hatch) to 'be lec:ated nee Buley in Applin. CO'lmty. Indudiq for auch 'Im.Ib (I) land MUD_ted a:nd. ducribttd in the ,ltcam. ot the C1erkof tbll CoUrt of
.I'1PiP"""'lIIl Colmty. Geor... mPlat Beot 8, pap 8'1. md In the n.eordi of the the Supclcr Toombs CciWlty. Geoqb. in Plat look 11. Pille 84. Md alllmd rilhbl ~
ftudur powu IuctorS. the turbrne-SeJluUoz:s. the bounn, the nme.
USlxlI!t.ad lIuxUkri,..1.I'1d equipment. lIl.nd the nlat.ed ~'Il d1 u mol'll part!*
. c:u.lu11 In the Application, and lImendmmb thereto. by the c.o.rlia PO'Mllf Company
'belofl the Atomfe. :SnelY CommissIon in Dodcet Nor. So.S21llnd 150*386 mel thll Prellmlnuy SlIIldy ~ Ileport. ..ad Il:!:umdn:umb tbIIreto. wb1ch cOMitubl a put et 1UCh AppUcaUon.
(111) mventoriM.pf mat.eriw, NppLia. fuel. t.ooll &Qd IIquipment fer UIII In c:ol'lDlICtion with Plant Hitch. Uld (I,,) Uw Pltmt Hdeb llI.1I:cIad deliru:&tIId ancl dHm"bed in the records of the auk of the CoUrt 01 ~plhII Ccnmty in Plat Book 8. NO 36, ~T. and 88.
(11) PlU'lt Vostle. . .
A thlriy percent tmdlrided inteult f.n the two 1150'MW_ ma:dmum ntlld. lelle.ntmc Wllts to be baWD. th.e Alvin W. VOfU. Nw:1ar Units. Numbas One UId Two (lndtridwtlly dafpdlllld
- Vopl. Unit No.1 IUId VoPle Unit No.2 ud collectiYd7 dafpted u Pl1mt Vortle) to be Jocatsd near W.yn.abaro 1ft Burke County, GKlqia; tndudSn. to: Neb 1.UI.itll 0)
, lqd delineated. and d.c:rlbed b Gecrp. Power Compmy Map Fthe M-8-!. to be recotded i:b ~
01 the Clatk ot the Superior ~ 01 Burke County. Geoqi!l. ..DeI aIlla.nc! rfIhtI pc1afn iDl (II) the Ducle.u po,,"1' J'lW::tI:mi. the turblne-Ienuaton. &be bull.dhlp hol.1liq "ne ame, the usclI:iated au.xillarle. IUId equIpment. II.Ild the related ~Ol:l fad1Jtld in as mon pu1:ic:ularlJ' ~d in the App1lcatioQ, end amllOdmenb thueto, by th. PQw" eom* ,
PIDJ' belon: the Atomic i'nerO' Colll.t'a1u1on 111 Doebt NOlL "50.424 end the Pn llillinuy AuiYIU Report, and ametldmmtli thereto, wbleb coau:t1tute& II. of such A.ppUeation. (lDJ Inymtorid 01 r.u~ IUppU.... luel. t.ools and equlpmenttl far UH in eobl1l1Ct1cll db PIlAt VOftie. prOYldllld." however. in tbe event for IUIY HUOn Sondi JU1I ,not knll1d. fen: that po2'tlon ot the Project u Plmt Vostle. the flldl1ti. In tbls subpull,p.pb (b) .haD Dot ~ a ,pan of lbe JrTOI:1IIt:lO.
(c) Worldnr Caplbl.
w,,*..lf"I,\1I' Capital 1'IIqul.red by the Autliadt, durlnr co~trud.!.on of the Project. lind for
,the pladDr the Project in operation. for providiur Bulk POWIEr Supp17. 'indudinr Supple
- all!Dt.a.l.BuIl!
- Powu Supply. to an tbe Putldpnb*.
lL Initlal 'I':ra:Jl.smism,?ll:ri'adllt1. bd.udad IA l"be Proled.
ThOll tra..twnIsalem faal1tfu to b. "cQuhtd. and comtrudel:t br the Althorlt,' 41Iri.tis' tb '
tim. prior to thl Commllll'd.il OpcattCtl D..ta of the lut of the pnentiD..r 1xWtla "Of tl:\e Project to h. c.ompl..tid .In order to meet ita l1lVftbnUit rupo:iW'bmt,> dlUinc nda tim. hi c:onneet.hn& 'lritl:l. &1l1 aJrltmant for an iDleiratC tn.Dam1u1lm Q'IdIIa to wWch. the Au thoritJ: mar bt III. pa..ttr hi &CI:IC:dm:. 'With the pronuOI:Ul I'd Sed10Jl 101 cxf the ".on-.::rar!L.
AddltiD.MI.J'!ldUUes. ' .
Th' ,dditfOllal tlCllSUa of the Projed aball be thOl. addltiou aD!! wP'nIvemmta to the elcdrie plSlrition u.d :related tn;nmdui01l ladJU:(u and to the trnsml'doD Q'Itam fadlStlf:ll of the Project. prodded for In dauu (I). (I) aad (iii) of SectiOll 102(a) 'c:f tb COtitnct.
SCHED'ULE 0'8 ENTl'I'LEMENT SHA.1U?S.
- 1. PARTICIPANTS' EN'rIT'LEQ'NT SlUJtES OJ' THE O'tJl'l?tn'.AND SEltVlCES OJ'
'JliB GINPATING FAClLlTIES (JNCLUD1NG!tELATED TR.A.NSi\fiSSION FACII..1'fIES) lNCLUDBD IN THE PROJEO'r The puUdpanu' 'EDtitlem.mt Slw'u of the output aJ:Id lenicu of th. P!l~ tadli.
tie, ElndudiA.r relaW t.ral1ll221llrlicm tadUtfu) of tlI1 FfDIIet, ."hid! PNject lllduclU At. IItlYC tIm and 1I1'f'1IIlI-1:e1lth4 puceat undi"idiitd intuen In Iiatch u.d II. th.Irtr pvctJ:It- 1lDd!'rided Intuut ia Plant Vo~ both of whieh UI mer. ~arly dade!! fn tIll.. Ducrlptfou of.
Project, IIUId of the auvtca prm~ed bJ': the Authority I'D aecordme8 with the prorls!cu of'
'SKtlan 10.1 of the Coutrac:t, shall for each ParUdpant be than EDtltlWIBt Shar. Nt fClrih
[II. the lollowmr sehtdule-: ' . , ' ,; , . ., ..
- bl.ltl. . .t I&iUal SbnAJ't1lll' EatlUellllllftt ItK'II'IIIlII Share Alilabf>ellf,
.ACWOR'l"li ADEL 0.610 1.61S 0,"'
1m 0.1i18 l.l62 ALB.ANY lUll 12.<<68 111.412 10,0'1 BARNEam..LE 0.1568 US9 ud O;4l!
BLAlIELl' (1.931 O.US UU 0.~09
'fOWl{ OF inUNSoN 0.035 0.035 C.osa 0.081 ..
BUFOlU) 0.614 Wl 0.550 0,1566 CAmO .1.S1S .1.180 1.101' L'l'f2 CALHOUN ' 2.2515 .' 2:638 '2.767 2..'198 CAiGLLA ' 1.149 1.202 Ll04 ' 1.086 CAATEISVILLE 6.t'1' U7t Ut7 15.178 '
COUEGE 6.804 1..313 '1.(09 'T.659 co.MHERCB 0.'160 0.G92 0."15 0.531 COY:U'f"GTON " 2.15915 US8 U61 2.61'1 CRIsp COt1NTY 2.668 8.155 1US9 1.410 DOEltl1N' 0.129 0.~6 1U19 0.118 DOUGLAS 2,3t!5 2.640 2.607 .2.501 BAST PO1m' 7.662 1.1152 '7.l01 6.176 ELlJEBTON IJ545 1.351 1.34.7 1.350 25
e; ELLAVILLE 0.247 0.268 us II o.a06 .
F AllUJ'UlUi 0.544 0.526 .0.556 UN J'Tl'ZGERALD U2.9 2.769 2.195 2.582 FOlUr!TH 0.98Z O.B'l1 0,961 USB' FOP.T ifA.1.i1iSy 1."7 . 1.616 U6a 1.1&&
GR.ANT\1lLLE 0.090 0.081 0.088 0.00 GRDTJN 1.600 8.080 2.164 2.182 BOG.A.NS'VILLE 0,381 0.808 0.296 0.284
.TACKSON Ii.542 0.617 0.499 0.418 LAFAY.ET.ITE 1.139 1.ElUJ UN 1.105 LA.. GRANGE 080 8.139 8.102 $.19$
LA.WRENClIVILLE 1.527 1.809 :z.o81 2.148 JlA.NSFlELD 0.051 0.036 0.028 0.027 MA.lUE'TTA* 10.551 .11.619 12.448 l2.688 liONROE 1.508 1.422 1.tS3 .
MONTIPELI.rC? un 0.884. 0.198 0.4.02 MOULTRIE 2.111 2.JU &031 8.051 NEWNAN' 1.809 1.N5 1.SSS USEI NORCROSS o.~ 0.788 D..820 0.84.1 PALHITl'O 0.212 0.291 G.B. 0.129
. Ql1l'l'KAN 0."7 0.765 O.au 0.630 s4NDERSViI..I..E 0.881 0.818 0.718 . o.m SYLVANIA l.'157 2.189 lUMI* 3.099 SYLVESTER 0.144 0.887 0.954 0.978
'l'HOHASTON W9 L2l1 1.216 .1.220 THOMASVILLE 1.'188 -U94. UOt 4.1S2 WASltfNGTON L018 0.994 1.0S' 1.052 WEST 1'000 0.561 0.544 0.4-<< 0,4.24
. wmGlUM 0.016 0.109 0.121 0.124 TOTAL . 100.000 .100.000 100.000 100.000
- n. ImtW EnUtlmet. Swe leHd abo,.. IIhall the EntiUfiIlet Shan for the _.
pufod commad1lJ' with' th. Commttd.al Opmatlou of Hatch Umt No. 1 ud.
with th. Commerd.Al OJmatfoa Da.te of B'aidl Unit 2 or.December aI, ma, ",blebe..,..
111 the I2U"Uer.
0 The Elltitlmet 8llare Aitu :Fint AdjulI~t IbD he tht E:rat1tle.mDt Share for the period c:ommenclDr with the CobUl:lU'da! ()pU-atien Date td. Vldt No. I 01' lanUIIQ' 1.
1979, whiehc.u 111 the IU'l.d el1d!ur 'lrith the Comma'clal Opwaticm. n,te at Vl:igtI.
Unit No. 1 or Decambl!' U, 1982, whlch* .,a' II the .
'.1'11111 %ntitJmuat Share Altu Second Adjustmtllt s:bll be thl for
. the paiod ~mmQldn, 'lritb the Conamudal Op,ration Data of Vcstl. U1Ut No.1 or lanuuy
~, It81, whldle..,Q' f. the IU'JIer. Rd e.ndml1rith the Commudal Openti011lJJatl of VOItiI.
Unn, No. I or D.camber 81. 1988. whichever fa dr:UU.
The %ntitlementShare AltO' Third Adju.dmtilt ab&J1 be the Entitliml!nt Shue for the pufed commendnl with the Commm:ia.1 OpmatJol'.I Date of Vcrtle Ulit No. z or Jaauar;y 1.
1984, wbJc.huu is the u.rUu. and with the but da,. of the term al. the Contrad; 21
provided howlI\fu. that Ii!. the evt:at!'JMt VoPle 11 net coast:n.lct&!d, the EDtitllmmt Sh&.;e AftU
.S":Ollti Adjust.m.mt aM the ktiUammt SJ;w- Afkr ThIrd A~t .&.11 DOt 'bIllppUabl**
ILnd the EntUlrn:mmt ~ ~r J"hst: AdJ'Ultmmt sb.all apply tor the pcrioc:l coll'.mlJlndnl with the Commcdal Ope:tat!c:n~ Date ot B'.deh Umt Ho. 2 or Jmt.t:&t71, 1911, wbk:hnu II th. ed...
and. <India, with the 1m day ~t tbt tImit of the Contract; md. provided. ~.. that ,the Authority, In lCcordmc:lwith '\h. 'pto'ridCQIII Qf Section 311 at the Colltn.d.. wm san the output ILnd ~ of I.uc:h ~ftd.d lnteall bl Plant Hatch ed PLmt VorUl to Otoqk Power Clmp!Uly.in acccrdsnce with the foUowilll schedWu:
(a) lhtch Unit N'o.llLDd JU.Uh Umt No. 2..
ThlLt portion vi. the PO"IfU Supply Yar l!.~ Afta' the O:mune:rdal Ope.n.t!on Drat. of .. UDlt of the Project 50.0'"
- nnt Full Power: Suppt, Yu.r FoUljwlnr CClPlwal Opoua.t1on Date Sru::oDd Fun POW'U' Sllwl1 YIUl' Follo~ Cowmuc:W ~tiO'Q Da.te a1.1"
".I'hJ.rd Full PCI1,er: .Supply Yu.r
,J'OUo1rlllr Com.m.erdal Opantioll Da~
J'ourth FWl.PoftJ:' SUPPl1 Yu.r FoUowf.ll.r Com:aIft'daI Ope.n.tion Date 25.0" Ftf~ Ftilf PClwer SlIpply Yur J'oUomr Q:m.mumclai Ope.ntlon Date.
SIxth Full PCW'C' SUPW' TN:'
Fol101ri.l1r COmmerdlll Ope.raUOll nate Seventh Full 1'O."U Sappty Tar Fol.knriJ:lr Ocmmm:1al OpcatfoQ DlLte '
(b) VortJe Unit No.1 and VoJt!e UJ:dt No.2.
That Pon(an of tba Power SUJ1)lr
. llemdniul' Afu.r the Commerdll.l Operation D&te of a UDit of the Prided F'1l'.d pow.. Suppl, Yat FolIal'fiq CommudIJ Opentlon DilLta l:IiIIIl:J;au, i'DU Pow StrppJr FDllawhll' co.m.mm:.W Operation Date Thild Full power Sltppl, Yur Fo11o~1 cOmm~a1 ~tlon Date Fourth Fun PowC'Suppb 1011mBI' CcmmudIIJ Opmtlon Date 25.07(.
Full PoWO' su'(:l'P1J Year Follawb;r Comma'dll Opuatfon Date Sb:th Full PO"I"W Supply Yur Followlnr Comm.Il"dIl Operation Date 12.5" Save:ath Full Pow.. SlppIr Yu.:
, FolloWuil' CommueW OpuationDII.t4i .
Provided. however that: for the purpose at dete.nnln!D1' the ~tan ~ Cll.li-put ud ,8.t'Y'fcq,'
to be sold to Geor,r... PowU" Compan:r. tblll I1nt Full power Suppl:r Yur. :r~c:nriA1' Commu dal OperatiOD Date, with rupcd. to Volt!e Unit No. laMil b. DO later thm thi ~ ),ear 1!184 uc! with respect to VoaiJal1nit No.2 .hall 'be no later tlwI. the caladar:ruz 19115. and the pelanUP of ou.tput ud IIU'ric:U to k lIaJ4 ,,,he lOch output I::Dd Inca UII I.TILiJ&hJe tor Il2eh we' ,1WI be tU:G f:n:lm file tor.lOm, Ilchedwe for the a.woprlate 1ur upora the CQDdulq Pl:'dDmJtfo.a that the OmUnud'a1 O1)U'8f.fcm Dde at Vctr& Utdt 1 11 DO later t1:wI. tlae )'8IU' 1983 ud that tbli Commudal Operatioa Date of Vortla No. a 11 no la.ter Usa the J"IIW:' 1984, ell provfded, tarthe:r. tht the UIIoamt of such eape.dt,. .old to Geozo** .
sill. Power Compu;r 11I&11llot exe.ecf 21" 01 th AutharitTlII ~p aha.n of the elpadty of Vostle UDlb Nos. 1 and 2' over the Uld'ul llfe of alb. .
It H a.:EIdentood that Ulue shall DDt b. UI7 tidpanb u" rault at laeh Ala of oatput aM .erri. mEntitlllDlJD.t crf the PU' to ~ Pcnrer Compil.DJ"UJd uell Partidput a1Wl remdD liable for Jts full EDtitlmumt ShanI except 1I12<;h lIabD1tJ' .hall be dilelwiPd to the uteM the AuthoHt,. ray. pa.;rmtDt tmm Georail. PowU' CompulJ'. ' .
- u. PAAT.lC.tr.ANTS* !.NI1'.i:'LEMENT SHARES OF SUVICESOF TRANSMISSION PAC.l.UrmS INCLUDED
. IN. THE lROJZC'l'. .
. Tiul PridplllJ1b' Eatitlllmlll'lt SliU'u of ~cu of "I!anamluioft system Facilfties included.
In the Project' &hall. be datel'tl.llned. by tl:!. Authorit;r dllrlq eeh Power SUpply Yur In ae~.
d&nQII with the prcwillloD. of Sectfoft 808 of the O:intnct. .
AMENDMENT POwER SALES CONTRAOf
- Betwetn Ml1NlClPAL ELECTlUC. AUTHORITY OF GEORGIA
. ~d
'l"HI11NDEB.S1GNED PARn~ANT
'.IbiI ADMndDW1t af Contract. Dll4e 11m!.! mtem! into II otMuch 1,1976. 'by IIfId bitwea
. the M~ ~~ Authozit,. of Gecqk, .. pub. bodJ' corpatatAI 1ID.d" pollt1c md
- pubUc corpontloQ of the Stat. of Gto. . . bmtbfttt so.I.I:Mba dllllfplated u the Authority, aellted by the 9'CI'ridoDI of I GIL L. 1915. p.101, II AmlllDded.lU1d the 'lmdmtped poHtiClllllNbdlWoton cd t.b.e swe of. a.orlia. hereinafter IOmetim. daipated u the Plll'tSclpant. " "
WITNESSETH THAT:
D it remembtnd thlt .. Powe: StJIS Contract dated u of Oct.obu 1, 19'15, hu been p:.:nioWlb" ueeuwd by and. between th. AuthOrltr and the PutlclpIlAt. and WHERE..U . &hit pWIt5 dun to ameod a.1d Coolnd lD cUta.!n (upedf.
NOW 'I'HEREroU: .'
Fot Md bs conskW1.tioD. of the pnmilu and the mutwll co'fmmtl i:nd apeltml1'1t1 herein*
Ilft.u' Nt tonh. It is .ted b7 mel between the putt.. bU1lto I i fonow.; . ".
'.SKt!oa 1. ~ Pcwer SalIt5 90nfnd lball bl dIk<1 U oll!.Wt:b 1,1978.
Secb 2. &!diem lOa (1) (8)01 u.ld Centzact iI dlll.ted In it.1ll Int:b:etr and lblll' toDo1ll'h!J new Srtc:a0l110Sl (I) (3) flmbltitutad in l1!!,u &henof: *
"(3) &eq.uUitiOft gf lnItbl fuel or fuel inventory for any lenatlon facility af the hojed and W'Orkm, capital ad t1RI'.'VU tbudor and woddftl capital IImd resent. for nload. fuel md &deli tloaW. tua.t mftfttoria."
. .Sectlot:! B~ Scc:UjZl02 (u) ot'lid Contfact 11 amended by del.etiDr the word "Ou:tput" in thlII fo\,lJth 1M thereof.
S.diClL'll 4. SteUon 102 (0) 01 .... Contnd II deleWd in ill entfnty and the foll.owm, Dew Sectkm 102 (0) luul:JditWd In 11eu thareof:
"(0) 'Fuel Com'.hall ftle8.I1 all cOltllncwnd br the Authority duriq Ill:)' Pom Supply YeO' tbat m .lkll:able to thlt II.cqUisltlon, prcl(:uaiDJ. faDrlatloa. t!:mIpoNUoa. dllili'lll'lnr.
rllp:ac~ lItorqe. and dlIIpoal of nuel.u:r matariallmd of lOAlil ma.t.aiaJI nqWred for 1I.D1 01 f.he ItntDtiOQ fJIdliti. of thl Pto~ Induc:iJ.nc tnnsfen to nwv. eetabUabed bJ* the AuthC!ri*
1
tr Cor COlts related to future Power Supply YW'I, lea c:mditJ related to n.eb. com appDed as in the eliloetion oC the Authority.
Seclio" iii. Section 101 (I) of Alel Contract fs deleted in itlientirety and the roUowinc new.
SttctiOD 102 (I' II wbltituted in 'lieu thereof:
. . . . _<_.... ahId1 m-.n tbose electric leneration and. ceJaLtd tn.mmiuion 'aenitie; which idaltJftlld In the Description of Project and thole ~on I"ptI!!m fIcilI:tta to wbfch In the Description of Proj41et. to be acqultea and ccl1l1t:rw:ted by the Authodty durinl the to the Comm.clal O~tion Dal.;e of the Iut of th, lIeentinl flldllth. of the .Projlll ct to be compietAd In order to millet the Alltborlty'. invatmeot rllllpoMibility durlnl lucb thne in connlllcUem with an,. qnement for an intept.ed tnr\Imfuion l)'ltem to wh.k:h the Authority 1It'I.Il)" bo III pe.n, in accordance 'lritll the provis!I.'IDI of Section 302 henof, tolllltbm: ..nth (l) II1.I'I.1 ma,Ior :rIII1lIII'WIlI. replacements,* np&i:rs, adc:UtfollA, bltt.ermanb ad improvement. lIlee..
lI!I.tY, I.D the optrdcl:1 of tta. Consultf.nll Enzl,netf, to keep Uue i'roJeetlA IOod. opuaUnl condSW:lI1 or to PNvm~ II lou of ftYlIlnue t.baftfrom., (ll) an,. major additions, bnprovemmb. rapm m~
modJ!Jatlonll tt? the Project and my decoannhafcninp or dbp.osala of the ProJed. req~ by IUiYlcvlmmeDt&lllllmcY.havinl JurisdictioD over tbe or fo'l' which the Autborit)' ilbaD be ruponilb1e 'f'frt;u.e of III1Y oblilation of the Authodt.y out of my COI'1tn.et to wblch the Al.lthodty may be a p6lt}' nlatinl to ownmht, of tM Project or mT lac:fUty thereof. md (W) wor1m1c capItAl feql.1lred b1 the AuthoritT durinlConlt.mction of th4I Projec:hnd for u..pladnf of the Project In. opuatiOl'1 for: p'l'OvltUl1l :Bulk Power indudln, Supplemental :Bulk Power Supply. to the Putldpanl" .
Seel:fOD. 6. SectiOD 401 of sald Contract Is II aublUtuted In lie~'tbmof: .
"IMII:UOft 401. Tb. Authority -wiD. proTide Dr CIlllle to be prevkltKl to the ~d:pmt ita Supplameatal BuIJc Power Supply durin, each month of each Power Supply Yar. Such SUpp1Al~
mental .Bulk Power Supply may Include. but.ball Dot be lImlted to. partial and fun requirema'lbl powm: ~b.uP and wUt POWft Hrvla, IIII.'U!!ratlnc capitdty lUlU'ft ,uv1c4ll, firm md nonfb:m capacity II.D.d enll!1'U airMce. tnnllDilllfon Mmel (lnclill:Hnl I:nnsmiD!on nmce pmc:h.uad by the Authodt;y to lIuppll,ment the Putidpant" Ez:ititlemrnt SIwe of ~n ~ provided by.
the Autbozity from thOM tllln.mU.u:ion .,.lteD1l tac:Wties Included in the .li:ojed) md other lntuchaap 1IG"rir:e madill aft!labl. u .. nllUlt of I:ri.nactiOllA. witb oth.. utilitiea. "I"he c:cata to the Autbodt.., of .e1actric pow. md eDuD' Plm:b.ued by the Autbcrity fzcm otllE utlltt:iu hued upon tuitfll toed by such other utilitfes wtth the r~ Powv Commluion will be d1ncUy refleeted In the mouthl), S~ Statement to the Put!dpmt. Such monthly BilllDI Sutemmt w.iD iru::1ude .. cnd1t for Ncb delivery point. tnuumluiol'l facilities u are owned, financed, or ope.rated by the Pvticipant."
Sed:loo 7. SecUem *501 (b) of wd Coutrict b deleted in iti entirety ml! Ui.e foUo'lrinl nit""
OIilC;IQUIl 5IJ.1 (b) ta Nbitituted In n.u thereof:
Web) Bondt may be lIold and Issued by the Authority in aCCOM&I'lCe with the provilfonl of the Bond l'tuolutioD lit my time lind from tim\ll to tbne la* the evwnt fu.nd.a U1t required to ~ t:he cost 01 (l) my major renewt.ls. repia01ll1'll!ntl. re'plLin. additiona. bittermmts, or improvementl, &0 th.Ia Project l.UlCll!Au:Y, In the opinion -of the ComulUnI Enpar. to kelP..thllll Proj.ice III ,ood opentiD&' c:ondftion or to prevent a }OII of I1IVIIIUIII thenetrom. (Si) IIIn1 major ad.ditlon.. im,pt1)'l/'Qltmtrl, npaira. or mcclli'ieatfolU to the Project. qr any dlcommlaioDinp or dllpoaall of tI'IoII.Proiec:t,. ntquind by InY 'OVlmUDlllntal qa'lC)' l\llvinl JWdlctlon Oftl' the Pl-oJed 2
.... . ....,. .. ... * ',f.. ' . ' ....
or for which t.h.II AuthoritJ' UlaD be fc::spoMl"ble by vi.rLue any obrliatJoft of the Authority
~ cui ,at any,contract to wbkh tiM Authority may be .. pany feladn, to own'lII"nltdp at,,~
Project or ~y' {acUity thereof, 01 (iJij reload fu.l or add.itional fuel i"RV'lllDtory tor 1m,. Itnerallon fac::mt1. of, the Plojec:t in illY POWID' Supply YeN'to the tXW!'Iot that sumeltnt funds are DOt.,
avai1lbtl in an';:( feRrY* *tabUsh.a by the Authority Cor Futl Ccsu: provided however, that no such additional Bondi ray be .ued lor the purpose or Iltiding addttionallenentinl units the
'itojeet.. "
SediOD 8. Sec:tiou 501 (e) is ~e.lded in the !t.1 entint.y. and Section 501 (d) II renumbered Section- &01 (el.
Section 9. '.['he **'Uacbmmt to* aid Conf::rac:t entitled "Description of Project" ,md "Schedule of Ent:itJrement. mw." eorulllrt1nl ot flve pace. it ddet.td In ita tm~t.y NUS tbi
~ptiOD of .Pro~ end ScbeduJe of Entitlement Shares attached tuereto Ia aubetituted In Uw theieoL IN WInlESS WHEREOF. The Mu.mcipAJ Electrlt: Authority of Ceollia ud th. P'l.I"tIdpmt QUIt!! UdI .A:m.endDMnt 01 Contract to be aecute;d in. 'their corporate .nama b, the dub' lIIuthmiud officen &'!lei thdr eorporata *
- to be hereunto impressed and att.aWd. aU u of the '
day and ,W tint Ibcmt writkn. ' .
~ *"!:." .
t:- . . '" ~ ~
~.. .
~ '
D~ONOFPRO~
lnltial FaciBtiu.
'The initial !adliua of the Project mall be the foDowlnK:
, I. !nltW ~tdric ~eD.nuon and Related Tnnsml.ulol1 'adlitilllncluded In The Project.
(a) P1.aDt Hakb.
A JIYenteen aDd seven*tenthl pG'~ent undivided Inter~st ID the two . 807 MWe nam1aally rated nuclear .enerailDc unit. to be known u the tdwin I. Hakh,Nudw Unltl, Numben Oae and Two. (lndMdually dtapated u Hatch Unit No.1 and Hatch t1D.\t No. 2 &Ad colltcttt,ly du1pted as Plant Batch) to be located near J3ul.y in Applinl County, a.ollla, mchldJqfor ruch unit. (I) lane! delIDntzd mel dtacribtd in the xeccm of the auk of tbe Superior Court of Applinlf County. a.orsfa., In Plat Book II, p&p 3&, and In the recorda of the Cllrk of th. Sl1perior Court of Toombl County, Gecqi&, iD PIIt Book 11, pare 8., aDd aD land dlhtl per:taWD(
thU'tto, (U) the Dud'at 110'"' ract.an, the turbln.lenuatozt, the bQildJap hoUllnJ the laID',
the Ulociatad aui11arlls IDd equipment., and the nIat.ed tx.DJm1Mio1l fAdJltIa all u mora ~
cul&rly described In the Application, aDd emendmtnts Chueto, by the Oeoqfa POW'lJ' Compmy before the Atomic Buru CommiaaiOD m Decat Nos. 50*321 md 6Q..88f aDd the Prdmlncy s.Iety .Analyu ltepcrl,.and aJDtndmmts thereto, wb1ch co11ltlb.rta a put oIlIICh AppUcaUoa, (lU) inv'ntotiU of. materfall, IUPPBu, fuel, tooJJ &Dd equipment !or UN 'm CQJIDeetloD with PJmt Hatch, and (IY) tb PlaDt Hatch B&iJroad dillnat.d md described in the re.conlI ot~ Cl8k *of the Supuior Court of. Appllnc ~UDty in :Plat. Book 8, PII. 36, 87, md 38;pro¥lded, hoWlYer, the Authority .blll ha.. the dlbt lAd pawn &a lin to any oDe or mon of the polltlc:al JubdM
- rlOni u..t.d In the follilwinJ ~hedule ot EntiUemmt ShareI ",bleb ahall not eucut. a Power '
S... Contract ,with thi Authortty IUch portion of Ita undlYUiid iDtenli bll'Lmt H&tdl ~ the Authority .hall be lawtuIl1 obUpted b, 'firtura of any contr"ctUJl obliption of dle Authorit7 to
.en to IUd1 politieallUbdlvlrio~ to satisfy the UCIDN coa~ttoDJ parta.fDJnf to PlmtHat.ch.
(b) Plant VoJ\l,e.
A Irlmuea 'and seven-wntba percent undivided Interllt in the two '1150 WWe mu1m~
rated nuclear Jllllmm, unit. to be bown u the Alvin W. vortle Nucleu Uaita. NumbeZa One ane! Twa, (lndhidually daipatld u Voltle Unit No.1 and 'Voct1i Uni\ No.2 md ccDedtYll)'
dedJDded .. Plant V~) to be located aear Wayn.boro ill Burial CoUDt!', ~ IDc:hId1nt foz Ncb anltl (J) land deUDawd and dac:rlt.d ID G.orJia ramI' .CoIDPIUI' Map m. ....Ie dated March 15, 1976, to be ncorded In tbe rtcordl af the a.k of the Superlor Ccnzr\ of Burke County, Ge01'Iia and III land rlPta pctalnJnl thereto, (il) tlle Iluclazo power rac&all, the tu:bin. .enentom, the bu1ld1np hoUIID, ~. ume. the usociated alWliulll and equ1pmaot, and the NJat..ci ~n fadlltie. all U DlON putieularly desc:dbecl m'the AppUCI.l:lol1t and amendmentl tbue&o, by the ~ Power Compuy blf01'l thi Atomi~ En<<i1 Comm'~ ~ '
Docket No.. 50-*.24 IDd 60-428 ed the heUmfIwy 5a!et1 AulJIft llapart, IDd emeadmata Uweto. wbkb constitutes I put OfNch AppUcation, me! (ill) laYlutDriIe of mat.adaJI, .uppU**
fuel, tooll and eqwpl:DC1u for UII in cOMlCtion with Plant V~, protfcf.ld. bow..,.... la the event 'for InY AUca Bondi are not laued for that porUOD of the ProJect claIinatad u Plmt VCJtIe, tbe t.c;W~** dacrlbed in tb1a IUbpllallaph (b) Iblll not be
- pan of the ,Pra,S.ct.
(e) Plant Wamley.
A ten puclnt Wld.Md.d intftut In tn, ~o 866 MW norirlnally rated ~ollJ.Ored .ena:aUnIF 15
ua.its ~ be mcnrD ... tM HId WlI.IUley Btbm Plant Ulllb, Numben Onl md Two. (mdlvldllllly dulfJ:W.ld u W.m.sley tJn1t No. 1ll.l1d Ww1ay1Jnit No.2 and coDec1.iYe.ly d. . . .ted 1M PWlt WlINla,.) t.O' be 10c~ near Cemnlb&tcbu In Hn.rd and ~11 Countia, Georpa. lndud.h11 for lUsh 'i.mlt.1 (il hmd d4rJ.i.ll,i!ated IWd daaibtd In Geoqia Powa Company Map PD. It-8-1 dated
.rei 5, 191'2. to be nc:ordld in the ncordl of tb. C1erb of Supefor Caurtl of HeI1'd and. CuroD Cotm1l**, Ge~ md aD land l'f&litl ~ thereto, Cd) the illlbi.ne-rmmtl::ln., the bQUaz.
,'th. buildJnp hol.l.li;q the ama. the ,tack. the eoolh'C kdlltia. the ...odated ..1WlIUia IImd equipment. RId the relllttd trwmIulon fldlltfu all u mOll plltrth::uJarly duc:ri.bed:tn ~ 1Im~
'rironmmtall.mpact. at.tlmet ~ to .PI.Mt Wa.n.sley. and ,fa) il\vutodu 0' ma~ 1Up pU.1" ttlel" 10011 IWd equipment for 11M Us C:OlmeettCID with Plant W.,wIlY. pra'rid.d*. ~,""... 1n the eYeqt for m1 AlIiOn Beads Ill'<< not illllJued for that portion of the PrcIject dufp.ated lUll J!'lmt
, WlUllIle,., the fdUn dncrlbeci In thl& subpmcn.pb (c) Sballllot be I, part of the ProJecl.
(d) PWlt si:berer.
A tan puc:lnt'undlfided Intemt.in the four 810 MW nominally nted coa!*fired,mllntin, u.n.1t1 to be mOWD III the Robut W. Schar Steam P\lmt. Units, Numbm One, Two, 'l'htH, md Four, OndlYidVlllll1 dltldpllt.ed.u .!?ehern UnIt No.1. Scherer U1'I1t No. 2. Sc:fluu tJn1t :t{o. 8, md Schera' Umt No... IIrld coUediwly dufpllltG u Plant. Schaer) to be 1ocat.td. DIU Fonytb in MCII:.I.roe Co'lmIiT. Olcnpt Indudlq lor auch wdtl (l) lII.I1d delWllltad IJld dac:rlbed 1D Geoqia Power Col.!lJllm1 Map 711111 N-86-9 dated December 19~ 1914. eo~ Ilppl:'C'ldmatlillJ twenty IIYell hUl'.ldnd acn.. toptlJ,u wiLh such addlUonlll l&nd of appro.x.imablly tim thouund IlCl'IIlI llequ!r1ld 01' to bI acquind lor 11M b:!. cOMlllet:fOB with Plant Sell.... to be neorded. kl the racord.
of the Cllllfll: of Superior Coa:rt ofMo~ Coety, Geoqia md III land rlshtl pertall:.l.l:q'thentG.
(ti) the turbme-pn.ll'aton, thf botIel'l, the bufldUip hwsInt the am** the . .ca, the coollD, fadlltaa. tlta' lISIIodat.tdawdliui. and eqwpment, Uld the nlated. tri.mm.illlloD fadlitla aJl' u
_ mom paticul&dy d.c:ribed .In the mWonmmtal impect itlteman,t relatiq to Plant Sehcv; and em) mYI:r.rtoda of matGilk, su.ppiJa. fuel. tools and equ.ip.m.el:l.t for IlSII ID cosm.et!oD with Plant.
Sdieu. provided. bC!",..,u, in the II'fUIt for 1ID1 Ruen BcmdI'IIInI not fauecl for thdJlOrl10B of the Proj~ct dalpat.ed u PSmt ~. the t&dlitiei dllcn"bed In dUlsubpuqraph (d).un net be III pirl of t.I:ut Ploject.:
ee) .Worldnt CapUal, Worlda, OipHid required by the Authr.u::f'ty dwiDi c:onstnlction oUh. Project: eel for the pLldn, of tha hojed in opmtfon for prodd,iq Bulk PoWtllr Supply, .inc:lUd.In, Supplemental BWk Power Supply. 10 all the hrUdp,tmt#.
- n. Initial Tnzwu&don FlldllUu Included In The PtOject.
'nsON ~ f~Ua to be' acquired Illd: COllltNCted by the Aulborlt.y dw:i.l:ll Ute
'ue pcar to the CommccW <)peraItoa Dati of the Jut. of the ,enmtint tacalU. of thIII ProJect*
to be completed In order to meet Ita In'Hdmant nspOtlUfhUity dwiAr such time kl COI.'I.DlICtion with my qRllDIlIUor lID mtecnted trllU1l1l:1iuion 11.1U!DI to which the Autha.dt.11.'.!:1q be III puty in aeeordan~ wWa &be prorillfmu of SaeUon 302 of the Contncl.
AddlUoDal fKilitlu..
Thl additional ~ti.. of tb~ holed .hall b. thCle addltiopJ and imp:rcl'v4tmmta to the electric IlIrlcratioa.lIfld n!l:hd trwm.laion fadUtlu'and to the tU.l1~oa syRcm fIdlitie. of the Pro,itctprO'llfded tor In clau&U (I), and. (ll) of Section 102(1) of the Coatract..
SCHEDULE OF ENTlTL.EMENT ~
- 1. PARTICIPANTS' ENTITLEMENT SHAB.ES OF THE OUTPUT AND SnVlQ:S OF THE GENER..ATlNG rACII.J.TlES (INCLUDING RELATED 'l'RANSMISSION FAcn.rrIES)
INCLUDED IN THE PRQJECT .
The Puttcipanb' Entitlettlmt Shares of the output. md W"Yicu of tb. pnentm( facilit.in (inclw.Un1 relatad tmumiaion ladUtiell) of the Project.. and. of the mv1c:s provided by the Authority in Ilcc:orduce with the prevUiom of* SectJoll 308 of the Contract. shall fer each hrtJcipmt. be thou Entitllmmt. Shua lit. forlb in the !oUo'l'rinllchedule; pmvidad. however,
" that in no eyen~ Wll the !)ltmemmt. .hma OrGY PvUclp.nt. be lus thm that Nt fc:arth In the followinl Ic:hedula md provided. f'luthe:, that In thl evlnt. my one or more of the pollt:fcal subdlvWotu liltad !n. the fonowmc schedule shail1'lOt IIXecute Il Pow. Sal. Contract with the Authority. tha En~mlDt Shan, of the remldnin, PlLltlcipmtll. u IUch Entitiement Shares ue lIet forth m each colum.a of the foU~ Ic:hedule, may be mc:nued pro rata by m amount !'lot eX4:ell!din, fifteen pucmt of such Entitlement Sha.ru In order that the sum of \be temamm, Eniitlemtllnt Sh.uo in .each of the following cO~UlmII when 10 iIIdlust.<.24'1 0.288 0..298 0.006 FAIRBURN 0.544 *0.526 0.556 0.514 FrI'ZGERALD 2.329 2.'/89. 2.816 ~U!2 FORSYTH o.sa DJI'l9 0.967 O.!HIB FORT V.ALtEY 1.647 *1.616 Ui62. l.~
G.RA.N".rVILLE 0.090 0.089 0.088 0.082 G.RIFFIN' :UOO 8.080 2.9B. 2.982 HOGANSVILLE 0.S31 0.301 0.296 0.294 17
'J'ACXSON 0..542 0.&1'! 0.499 0.496 LAFAYBTl'E 1.639 unB 1.&04 1.601
'LA. GRANGE LAWBENCBVILLE MANBFDLD 4DO 1.Efl O.OSI US9 1.809 a.08&
0_
3.802 2.012' 8.198 2.141 0..,
~(UGl 11.619 1Z.681 1.508 .1.422 l,ut 1.4151 MONTICELLO . 0.31'1 0.884 0.898 O.WA MOULT.RJE 2.989 2.986 USI 8.0111 NEWNAN ,1.&01 1.64.5 1.583 1.1598 NORcRoss 0.588 0.'183 OJl2O 0,141 0.2U 0.29'1 'om 0.a9 QUITIlAN 0.741 0.7&5 0.112 0.610 SANDEDSVlLLE ' 0.88'l ,0.818 oml 0.'16 SYLVANlA 1.757 2.689 1.1U2 8.011 0.9'"
1.299 0.887 1.217 0.," 0.913 1.120 TBOIttA.SVIL1.1!l '15.781 4.89' ,4.'09 (.882 WA.S1D'NGTON 1.018 0.99( , l.Oas 1.9M Wl!lS'l POINT 0.661 0"'"' 0.4" 0.424 0.088 0.109 un 0.l24 100.000 100.000 100.000 100.000 Initial EDtitlement Shll.'n! ai forth &bare IIWI be' the Entttiem.mt SJumlfer the period commau:fn, 'fdth the Commudd Datil of Batch UnltNo.l and tmdfDl DleeJ:ll:l.ba' 31, 1178.
'l"'ba Entltlemtilt Shut Att.H Ftnt ~iut:mliit Ihall be the Enli:ttlemili1t fOI: the palod C!OllDmll'l'lciJl2I JllfW,II;ry 1,1979, IU'Id 31,1982.
EctltleDWlt Slwe :After &!eond AdjumDct ..un be the EnUUeDlcm.t 'SI.wa' fer the 1,;QJ;t;Unt......."'1Ii ~mlJlCl71. 1915, md .dmr Dec:.embe 11.1&83.
'l'be :&tUlemmt Shut A.1't.v Thin! Adj'll.lt:l:Dm' man be th.- SJwn fer the commmclnr olmuuy I, 1984. md endm, wftbtbe Jut dIIr o~ the term: 01 the,Oo.obct..
'lb. Authority; in acCOl'Cbnc:e with the praYlllOI'l.lll of BKtloa 01 of th8 Ccm.t:nct, will seU a port:ica ot th.' output aDd .~ of l!.leD ~.d 1nw.m fa PluIt Hatch. JI'bJ:m Vople. Pltmt '
W&.I'l.III1IB1. i.ad PSai Scheu to PO'M!l' COmpm:1 ID IIICCOJdIU'lC8 with the foUowiq
~ul..:
.8
Tha~ Porl;iOJL of the POWd SIJllP11 Ya.l' .
RIima.irdDi the ComrAG'daJ Opm.tfon Datta of .. UDft of tht Pnd~ 50.0" Firn N 'PowU" Supply. Yur
" FoUrnn.n1' O:im.m.m'c:ial. Opua~D Date 50.0" Secolld. J'u.D PowU: Supply Yat J.l'oDowlD.J eom.merd&l O,ptratiu Data 87.1"
'l'htrd FWl Jl'mlrC' Saw11 Yur Fol1ni.q ~ Opera~OD Dati S'Ui" FaUlih J\1D Poftr luppJ,. Yea' FoDowIQ ~ C)perat:io.!l'Dat. .26',0" FUtb Full PdC'Slim YIIlU' Fo~ Ccamll'dJl Openr.u.c. D~~ 25.07' Sixth J'uD J'vIrtu SullPb' Year J'oUcnrilIr OGmmudAI Operation D~
Sneth N p~ S'Ilp,pq Y-.r lU" FoDcnriq Qpen,Ucm Date W"
'l'b8H ~ u.ot be reductian Shua of the Putidp~. U II zuult af lIuch u.Ia at output. and to Gecqla 'owe Ccnnpm, aM o.cb Putldpmt IIIhd ~ lSab1, for Ita fuD .tfCllmmt Sbce except 1Ue.b I!&bil.lt,y abaU be dl8II::harPcJ to the _ _t tbl AuthoritJ ree.tiva Geoqia Power CompmJ.
II. PARTICIPANTS' :ENTITLEMENT SHAUB SYS'l1:M PACtLl'rIIS INCLUDJlD IN T8B p~cr.
0' SERVICES OF TRANSMlSSION Tbel':Lrtldpllnt!l' Entitlement sru..r. of Semce of'l'raumlalon SyatII.m l1'tIdBtiM mclwbd
. In tl:uiI ~ 4aU be determmed b, the Authonty du.dnt each Powu Supply Year in III.C c~ with the proridou of Sedtcm 308 of the Contr&d. ,
I
lOWER SALES CONTRACT
,MUNICIPAl.
, . ELECT1\lC .\l.ffJiORln* GEORCIA
&ad
'THE UNOERSIGSEOPAllnClPAN'T
,Till. S~nd ,J,.mcnc1me1lt tit o..,lllnci, mild..: ~ II'lltcrcd inti! III III M~~' !S, Uri7, by lind b~'t\.!.""Q'n tf:Ko
,:I.hanldpal EJcctrie .4.uth.oriry or C~t'lA, a pubUc IlOCI)' COt~tr 4I'IU JXllftlc PC! a publiC'. eCJrpbFlthm of Lbo Slate or Gcur;b. hl.'ldnal....*r sometime. d.~Sgllllt~-d .u the A"thurily. crnt.cd.by the pfO\1I11JN of I GL 1_ 19is, ,. Ur.. lUI amCtUia::d. Illd t.lw undC'l'Sl;nrd puUtlnJ lIuladMmLlI1 IIr dill Statl:' 01 ~ htrlrinll.ftcr
.raml'lima dHlptcd u . . *. .
WITNESSETH:
T B-.\ T:
.us: it ICI)l&'~'fed that a,'_lr ~11c:s CuntnlS't vnd lin An!mdmcnt, beth dlLted u of :March 1. 19':8.
hOl\'t' ~'C11'.1 pr..'\ioll,dl' Ul'C':'~ by and between tht ,o\uthorily Iud the: ~:u1rc.iplilt. and
\\'UE1\E.-\5, the putllI desh to amend slid Cutalmt't in <<mIn n::sJiI<<lI:
NOW THEREFORE:
For and 1ft co.ic:lmtiOil 01 lb, 'Cl!'lIJrrmlH and dlf lULlNO] t'i;I\"tnlnll .."d ap.meub ber.Jn:Iltrr lilt fri, the luWdtftc:y tJf whleh II UknDwW,.d, .It It by and bet.wMa the putla :her.to '
u lollowsl SKtica 1. Su_l.fQn 102(t) cI N1ol'ower Sala Ccmtllac:t whuM "1ro,pol1:h:m.::t.tJ Shlll'C 11 delined
~ delated b:dll elld.rety.
.Sedo" !. SC'C:tIoa.w3 1.11 IIIld Coutnet u hftC'hr dfIsted !ft ill t.ntllel:1 and the faiIowlq fIIIW Scc~
4.03 r.. substituled l1IIl.{am iheldl '
- Section 403. Svpp1emmtal BulJc POWIIIt Supp1r Tabn By nil PutfdpUll Ih.aU t:d:a
- all III fll SUp(lfementaI Sylk POWCt S\lPpl,1~ the Authority JP1 to the Auilaarlty its '
,,[Maud SuppL:rncnta1 c,.It1 Nt lurth ,. the Paz!fdpnt', mcmth~' 1UJiol Stalatlcl1t u '
, d.ftcrmlnd In aceim!_e with Ille fonpJDI pl'O\illOU cI th1I IuUclr 1\" UId, .m~a Dr thf Authority tD tbe lutlclpim: ' .
Section 3. Sa1c1 Amendment u be etlecth'. lor tIIc::b ~rUdpml cI the lWe or thll M&y. 1m.
I'l'Ift" Itldlnll, Thll Aulhorll'y is. I'lowt\w. lIut:.hI'JriDld til mate adfu.tmvnlIlrum wont,,; npilallor tM ptnucllrmft F~"I. 1m. til the JfllcU,'p dote of thll Amrncllllllrnt 10 aU'Rt Ih. ~t bv which the tctllll o( Uly Puticp:int's actual bWlnp dUrinl iuth ~d ac<<dtd wM t Ill. totl" or naQ bliun p wotIld.
M~' bCln I.Ii1dff the \vR*9 ,are" ...Id adJllItmentl 1.1:1 L( ..' can of power .nwtr 1!e,'1Ilop_c.
SKdol'1 4, Sild Contr.lrt IbU remain In lull forClt ;:lPd ,.HfICf. u herD amu&d.
1
.II'* *
.,.('
e**
nmm AMENDMENT POWER SALES CONl'llACT BETWEEN MUNICIPAL El.ECllUC AU'I1:IORrIY OF GEOJlGIA AND THE UNDEJWGNED PARTIc:::IP,ANT
. 'I1WI 'OI.Ird Am~tlt of o,ntllct, inade and IIl'1til'td mID III of FebtlW)' i. 1971, by mel batWUD Ihii 1fwIJcip1lll Electric Auth~tr, of CilorJia, a pubic body ~rpQl1I1 ud pcUtk: ad Ifpvblil: earpoll'lb ~LIhI Sta~'ol c.oqllB. hll'Iduftar lCmil1fma ~ u the Autholit)', "IIIatad by" ~ ct.1 a... 1.. 1975,
- p. 1rn. u amu;clltd; ud illlII =dllnlpad poIftbI aubd.hWcm cI tha Staf.lll of Geoqim. Jl.wrdu.ftet lICIINiIma dulpat8d U WI hrtfdpmt. " "
WITNBS SBTH:
1llA.T:
, "ft It ~bcftd thn,al'oWll SaIAra COAtr&et III.IId D ~t., botil dabId'" oCJU.n::Il !.l91l5 mcia l
3KoDCl Amc.ndmCllt duad u 01 Yay 15.1977. lid bed pmiou.dy umlflId by ueS bc~ tIuI A.uthoWJ wi dIAl ~t.* IiIId " " . "
WBER.!.U. raid Cc.ntnct cOIl_platn that ~ '*'" may ba ~ by tlM.Aathodty to pro
..u. II p~ ol1ha'P~lUIt'a bulk power retilliramlll1li, ma It !:a tift d_d fullllBld ~ by the h.rtIdpml md the Auflwrity thd the A.uthodty ~ addI~11 pDIIIfttial c:aplldl:.? to prmlde II. portlaq 01
~~~ "
W'IDJC.IiA!. the PlII1fdpl!1t J1.u dlltaimlrlad to IIIl1pr into III. hcjl1:t 1'wI:I PU'WI SI* CoabKt of l'WIl'1 ~ta IwIwlth with dIAl Authodt)l m onlllr to llluab.ll fM ~ to 1aIsI1U MftIUiIII boGdtc 10 pay tba COlli!! of ~
~ .d ~ ProJII~ Two ntl'emrd to Wow md to mlblAl Puddpmt till ~ output md 1IIIlatad.
~ Icim~ 'two, a d . .
Wuu.!J.!, ft III ilillCUarY &114 4uitabJa to IIIIIICI1d tM l1li4 'olJllllr sal.. C(II!tiKt" ~t 1II1dL tIuI Il0l14
~aa, to wbll Chi Autbority to lltablbtl. fI~' mil c:hII.rJIa, II 4.mllbll. to ~ CCIIIItI 1m a COInIIblvoed buill for Sapplmlutd Bulk Pon: SupplY md tU cUfp:lt aupplJl4 fllllll Prajlct Twa ad uq'l\I.fAmlp.tII for whIda ~, may G.K'I.IW ~ C:CIA~ wi CO Inllblll tba Alithodty to w.b .a4d!t:bul tmISIi:tfOIlA with I'Ispect tel 'tI!.t ~t ud IIIM1:8S otlll.m Project themm4v. .
NOW'lEEREf'OR.E:
FOf' m4l1'1 CI:llIII1deralklll of til. pl"llfllil&ll!l'Id the mutual C:~IJW\ts u41Pt.mlU1ts~f lilt forlh" W ilUftSdnq olwfli,dl1l.bantby KUO'IVIIII"dpd.1S Ja iII'1Ild by mil kt'wecD t.be pudu harati2 l1li f'IIIII1C'1J11l1:
'.~
'6 0naif
...
- hi
.. It~I. .
HI lit'
!:J" r
.ltl*ff.
r
&: It
~f!\
sis
!I I:
i i I : fi
!to ~i I f :'S"d
.. If i it sa .. &.
=-&:
Bp
.. =.
Ii E:
Sj I~
.2.
- I:
If f .
I:
D s; i I n [
".r Ii:'
,rJ f C) If
1M Autbarlry trona W Pal'1k:1p1M IIOt aUoate4! by the Allihority to Ihe pl~t or c.,.ss of a.ny auda futu,. ~ ,WS'Ii_1 fa the CCIIIUnc:q relatlnllo mch prDjceu.., .'
~-4.. n. POM'.L.!d COI.Ibl:t. U &mended, Is hcr&hy .fuMer aD'lCndd blrclll.lmb4MI pre.-fil SocUon J Ici~ 3iJe.),llAd addlq IUUIW SldIcn.n reb} toruli u follows: .
"(b)'J'he Alalhodry _.&Iso utll:** sel. and udwlp eltetrlc clpldl.J ud Crona the PIrtiQ.'
CDCI))'
pamt'. Eadl:llmeat ~ otPto.feet OM, WMftC9CJ', ill III d1tacyfon, any sudt.11V1SUtiOIl em rCUDfI.Ilbly
" GpoCu4 raul' "..
- mOlt rdJaWl "on_lei! awt&U Bulk 'owa Supply the PatucipanU.
WI Cli l:O 1bII aD~ ,~. (fOlD 8IILIda
- or tlm.ellON 1haD. ch<< ClIUnl pncUClbla. be 10 m;fmllwd in*
the Au.wII IJ" Judpt MIl 1In)'-' m"ltlIotU "'turZl), flCdve4 "1 am A.l.uJu:aril), IS II mitt of ftldl
, ~~ IIIbaI be eNdJlllld 10 N Pm!ctpa.n(s EDdtlemtnl ShIre I:)r AMud Project Cenu IJnder tne
, *:.PCMIi ~CI CcGb'IIt."
~ 5,~' torUfKt IIbd ~* .In rill lora and effec.t I. hen:m amended.
IN, WJ'Ill!!SS WHEllEOI, 'I'M NuMAdpII a.clric Aul.ht:lrlly or GeorP ID4I ~ Parddput bl," caued tNt tl! Ameadmilll:ll et (<mUlCt 10 tit tl'lUICUld III rhG 'Clll'pG1'IIItI IImq 1I,y dull doIy 811thCll'iUd orne.,. aTld
!.r*cc.rpcinll1Uk to. be Il.Im:ulI.O .,mud a.ndIlUlllltc4.'all orlhl .,.!IM)'Qr &it abaft wrlUm.:
- POWEB SALES CONTRACT
-AND 1:bu J'ol.ll1h Amendment of' Contrad, mide and mtered.lnto lUI. of JU,. 1. 1980. 1:1,. and betwl. the MuD.fdpd Bect:ric Authority of Geg:&1" a pu'b.J!e bod,. corponte md palit1c 1114 a pu'bllc cczpol'a.tiw of the State of GG'Iia. hue1Da.fW' wmatlm.llll dBI.~ u the Authl::lritJ, Ci'lIatm b,. the provtlionl of I aa. t..1I15. p.l07, as &mode. m4 thl IoID.denipec1 poUtkallUbdI~ of the Btate of Gecrsh. hu~aftar aom.Umu d.a!p.atlld u th. Putld..
pmt.
WITNESSETH:
'.:l'JLUI:
n It ~bue4 that. Power Sahli Contract and m Amend.mct, Wb. d.Ided u of
~ 1, 18'18, II. Secozul Am~t dated uof 1Uy 28, :um. and' a 'l"ldrd. .A.maclmmt &aw J't'b.nw7 I, Ilnl, haVII beG prml:l'lUly 4IlXIWted by 111124 bltwftD tJ:a1 Au~ wi thAI PU'Udpot, and
. W'BlUIZAS, the Pddpemt _ the Aloltho.rity haWl de~d" tat It a
- tlllrlr best m
hltuata to M1l thlll Authority'_ irlte.ru1a Scblq'. Umtl~" and rom: m eid:a of ProJec:tODe..
!WI P:ro11c::t Two &:Ild to acqtdre addltio:ail ItneraUn, capacity 'l\1b1tmtWq equal to the
,lnkratlt io IOJd m lIu::c:ordlllDee with the p~ of the ProJed 'l'l:Lru Pew. Sille. Contract e~knIt! Into b, tha PCUdplmt 111M the Authontr u cf the date of tb1I A.malSml:l:d; ad WBl!:JllIAS. it bB ~ee~ lUll! dnb-a'bJ.' to 1JQA!J14 tM wei Paw. SIIleI Ccmuld, eo:u.
~t With thlll Bemd :RaehtUoD, to (I) r~ the holed 10' U* to ar::lu4lt the loteraltl *
, SchIP'lU Unitlt 'na- mel rev wbkh lin to be dlIpcM4 of II,. the Authorltr. uu:l (11) to I'm.
, th. achedu1. of 1&1u of OI.ltp'll.t I1'Id IlU"lfcu from SchUll" t1lrltl On. an4 Two.
HOW l'.ID!:B.UORE:
'I'M 11'.14 In cans.1dvetlOD.of the prem1la Uld the mtatuAl caVltl:lJmtl ILM II.JTlllItIlatit here h'la:fta: ut !tlrih. the Wffldcle,. of which til benby aihlowlqed., it II aar-d bJ and 'b!ItwHD tluI putia ~ Q follow.: ' . '
Sectioa 1. ftlll lIlttlu:hmeat to t.btII !Yowv Sala CQJI,u.ct entitled DESClUP'l'IOH. 0';
P.RODC'r'; iii amltDdfi\ bBlIueby: tw:thu &mead b.r 4eletlDl Hc:tf.Im. I(d) mftlll mtlrdy II.Zld wblUtutlq' In Un thereof the follClWln,lIIetloD 1(1.1): ' .
If(d) PlIIIl2C Behnar.
A WI. Pm'!lmt Ul'Uti'rid.a lnw-ert in the two 810 'N.W nomhlally rated CCIIl-f1l'1d la2e:1tlDi w:db tq be mO'W:l:1 Q thlll Robert W. Sch.U' Stlilam Plu\t U'ilita: N'I11'I'lben 011. Imel 'l"wo (m..
d,ividuall,. dulpaud u SehU'8r Unit HD. OM w'~ Ud No. Two) to De loc:atlilcl %&lUll' hnJ'dl in' KcmrOlll Co1.l:.rlty. GlICIl'Jia. Zdudm, 1(#' INch. Imlt. (1) lu.lcl claUuated Wd..
lIe.rfbed !fA Glllol'lia Pewiti:' Compan,. Map FIla N.as.8 dAttil Decemm 11, 1174, coma.ln.b:l.l 1
II.pprCJl.'imatllll,. twenty **wllD hundrea aau, tealther with such additional lanil of IIIpprold utelJ tua th.o'Ilw1d IIC'IIlII lequire!! or to 'be acqul:rad. for USa in c:cUKtlcm. With P1.A.nt Selier.,
to 'be racOit'ded ill thI recerda o! the Cl.er)[ of Superior CtI\l.rt of Mcm:ae COIUIt.Y. GilCrgia m!!
an latId. rfptlll perl.llmn, tbVlto. (U) the turbln..lmen.... thl bo11t.n. tha l:n.rllcUnp hO'l.ll!l'll the um.. tla ~ the caobJ fac:WUu,. the uudaW a\1.'A'.il.f&riu and equipmHtt,.
m:t the rllllltad ~031 fadlittu all u men plllrllcu.lu1y duc:ri1xd 1D the CI'fUonmmtilll ttapad a1&temat rIlat!.n, til ,PImt Sd:u!rU', .(W) UNHttoriu 01 %I:IIlta".1all., w.ppl1-. fual.
tow ana equlpmmt for ~ In COMIIctiou with PlAnt Schuu, and (tv) an amoUl'lt eqw to !\.O pveClt of the CI'IDm'IO,I1 facWtja of Plant S~."
SectIoA I. fte attad.l.1'IUIIlt to the PO'llll'IIi Sale. Ccmtract t1'1titled "SCBJmUL'l OJ' EN
~ SB.Al\!SIt, U .11lded., 11 hltl'eby further lL'Ilumded by deJ.etm1 Plant Sc:hel'U
,from. the Jdl,adule of .11 Qf output and IC"'i1a1l to Oem:pa POW'll' Compo1. II.U4 addInJ a
- aew .c!Aldule of uJu of output a;nd .lZ"IIicu to GaOlt'r!1L PO'Irel' C'.om.pl.D1 tn:I'!.'D. Sdttn!:\' UnitII 01:1.. Gd Two ... 1oDOWI: .
--:he Autho.nty, m acc:ordmce with the pro'Y1dCD.I of Seeti01'l,311 01 tht COl1tn.ct, mtmdl te Mll a porill'm of the output cli IIC'1/ieU of the Project to Georpa Power CcmPU1 lD ac cordance with thefon~'ICWule:'
'l'J:IAt Po:rt:lG'D af the :Power Supply Yeu
- RemaJnb2f Aft.. the ~ ~tic:m Dat. of Scherv Unit. Omt 01' '1'9;0 100.0,.
I"1nt Ji:Ill ::feme Supply Tar FoUO'WiD, C~ Ope.raUol1 Date .
Secoml J\'sU PawllIZ' Supp11 Year , .'
'J'oD'owfD.I ~ OperllUoI:.I Date BO.07'
'l".hfrd J'WI PO"WId' Sll~ Var J'ollowiDl ~ Optntio:a Datta '10.07' '
J'ourth l"Wl ~IIIZ' Suppl;r Vee J'oDowbl, ~ Opirrab Data 61.1.0" ruth J\Ill Power SI1Jply Yu.r J'oUCW'fl1J Co.m.mC'C!ial Opantil'm Datillll Sbdlt :ron ~ SuPP17 YII!.U' l'Dllowm, ~ ~tlOD.Date Seventh l'uD Power Sup,pl,. Yur
- rc1lowm, ~ Opuatic:m Dat. 3a.o~
E1a.1:tth Full PWU' SuPJal7 Vau Now:tq 0mIme:dal Operation Date 20.0""
Nmth J'Wl Pewer Supply'Year ,
- rol3owiD, CG:nme:rdlll O,ptiOD Date "
10.0"
- n. Autl:u:lrit.1 JS:I1I1. blltl dhc:retioD. ezt.ablbh cOl1cl~.,e CGmmU'clal opuaUI'm aata for
\'IDftl Of the ]'roject 10r the JlW'JIOILI of the fo.re,oiz:I, Id!.edule and IlUCh data :1.8:1 'be cUf~
tuut from thOle Commercial OperaUol1 Data e.ria:bl.l.llhed m aecontUlCtl with SectiOQ lllt(J) powU' of tI:Ie Au1hDrit7 F'lmted m SectiOll. 311 to All md the Pro.1act!' .
ad:w3,.
of the Cc:mtract. 'I'he .tllb.Uahmmt o:i the 1o.re,oml Kbadule !a DOt mtud.ed to llmlt the JICIWft we! twUp' from 2'
IN w:r.rm:s.s wm:::R.EOF, Tb.. Munidpal Authority of Gecirp md.' ~ p~
pant ha.,. eal.'l$ed Ulk Founb Amcndmiat of Ccntract to be UlI/'eutR In tbalr c::orporate JlILt!lU .
h:r their d'ul,. IIWlboriad Officer. and tbdr c::orporate :.Q to be hueunto fmpraMd. amllto
~ aD cd the 4'17 1M yar first libov. wrltltD. ,.' .
MUNICIPAL ELECTlUC AU'I'llOmTY' GEORGIA
POWER SALES CONrRACf MUNIOPAL ELECTRIC AurHORlTY OF GEORGIA
~
, Thit ftltb .Amend.mcDt of Coat-n.d. made and elltmd Illto all of Nonmbcr Ili. 1983. by and between the Jdl1nic:ipal EIectiie Authority or Oeorailll, , pllbUc body COlpCirlI8 ud poUtlc and a pabUc corpora doD of the Stltlll or Oeor.... hereilUlftllr sometimu dufpited II the Authority. crated 13, the '
provWOtlll or 1 0 .. L 1"5* .1'. 107. u amen~ccl (Title 46-3-110 O.C.O.A.). uel tI:Ie WJdersl&ud.
poJ.itical Il1bdhr:f.don of the SI.iI.i of OlCClfila. hereinafter somcti.m.cs daipat.td u the Pu1iciput..
WITNE.SSETH:
'"BE it rcmembcrCd tlIalt a Power Slles Ccmb1ictllUd aD Amcl'1dmeDt. both datil!. as of Much 1.
1916** Second Am.Ilndlmlntut&li u 01 MIY 3.5.1911, a Thttd Ameadmrmt utili. february 1.1911.
Ind a Fourth A~lIdmat dated May I, 1910. UVC ~eq. prmoWily u.ceuted hy IUId betwcd I,bl Authority ud dUB PuUcipant; ~d WHl!llEAS. !.he Partlciput IlI1d the Authority have detcmlned that It t. in thdt bat mtulISlt
. W I the Authority undcrtak4 a fw~ project. ill l=erda" with the proril!ou or the ProjlllClt Four Power Silla Contract catered mto by the Pa.rtJdplUlt IIDd the Authority u of the uea of th1I Amaut meat. which ill reucmably apected. to rault 1.11 a man IICODOmica1 0'V1ld1l Bulk Powe: Supply to tlIe ParJidpe.nt ud other political aubdirilJozu eo.ntnctin,s with the Authority thcnlorll: by makiDj the output u~ nb.tcd .11It'riea ol.ProjllCt FOW' ,a'll.l1Ible to the ' lIy cab!.lni tho Authority
'to rcar.nL!lle GaUm &ala -Of tho output or the ,reject ud FoW' to athc.r* utiHtfca which ia inte:aeled to ImprO'VO subatatla1.ly tho mltchlnlof thlll Olltput of both the Project and Project Four to the Puficipaut'. Bulk Powv Supply l'equiremet1u; ud .
WHEREAS. It h nccaury wi dedrallle to amend tltCl pW Power Salu Contrac:t,. comliicnt with the Bond J'laolutfcn..o u to rcrile the tchedl,llD otwu of output ud w:vicu from Volfle Unit No.1 del VoJtlc Unit No.2. .
NOW'.l'HD.D'OU For IliQd III. c:o.uldvatlotl of tI!.c prcm..ila and Uze mutua) cO'VclI.llnlA.bd lJiareemel.1u be.reiwtcr set tanh, th~ .utlid=q ot whkh u hereby aeknowlcdlllCl. It II II.Il'cIII. by ud betwCCIl lbe putIlIS bereto wt n.1d .CoDtnct ia I'wthct amrmdlll. ... fo.l1owa: " ~ .
SeedOll I, The IUacbmat to the POwer Sill" Coull'l!:t ctltled "SCHWlJL.E 01' ENTITLE MENT SHARES", U a.l:l'1adltd, ia kercby futtbA' &mended by del8'f.iq the .I'IIIl_ce to Pb.Dt Valtle tram th, .chedule af nJg.o( cmtP14 and Inca to Georafa Power Com.p&.l.1Y. aiuI add.iaJ a '%1ft schedule or Pia of output gd ~ces to Gcarlia Power Company &om Plet Vc,tlI u rouGWI:
"ne Authority. In IIl.Ccorc1al1cc with lbe proviaicq ctS1ICtI0Il311 of the Pawa' BaJa CcmIrILct, as Imlltaded. and tubJect to the proridonl of lbe Alvbl W. Voatle Nuclear thriu Numbcn OM a,ad. two Purdluc, AmadlDul, Aulpment ud AmtmptiolJ Aaramcnt. dated III of November 19B3.
bet_cn Gcor,ia POWcf Compoy lilt! the Authority. ,Uttcad*.to len I particD of the output and lervic:u or itll ProSect Oae OWBmhIp entltIemcat In YOIUa UrdU Numbers One and Two to Gtilrsla Power Com.pu" in accordance wit. the tollowhl, schcduJr. .
1
. ,.. .e "A. AI to 11.966" of the output w<<iated with the AuthoritYI Prajed Ono DWllll!l'lLnlO entitle mCl1t il'l VClltle Units Num'bcrJ One and Two, ~uch wu .bU bel u foUowl;
'IlIal Po,doo of thl Power Supply Yeu RIU.ftU!.iq Atter the Co~ Operation Date ofl Unit oIl'l.uu Vostlc '. .50.~
Fint FuJll'owcr Supply Yeu .
follo",in. Commerc!al OJMIRdol1 Date .50.~
Second Full power Supply Yar FoUo",11l1 CommereW Opcr&tloll Date Third full Power Supply Year .
Foliowlq Commudd Operation Date Fourth Fun Powct Supply Yat FoDowl8' Commerd.lI. Operatioa Date 2S.1)11, fifth Fill FoUowl:a. Dale, Sllth Full power S.,Ppl)' Ycar FcUowiq CommCfClaI Opntioia Date 12.5'1 Sevmth Full l'oiNu Supply Ya.r FoUowIq CommuciAl OpuaUoA Dace
. ".D. AI to 1.34'" of die output UiCldafcd. willi the Aulllorlty's ment in Urdu Numbim.OIle and Two. such saks to Ocoqia Power CmlIlPIl~Y 1005 of output aU scmcu be&imdnI with the Com.mc:dal Opead. .. Ul'llt 01 Plant VOltle aDd contilluIq IInti! the mel' of tM fourteenth lull Power Supply Y.,. Iollowlol the Power Year ia which tke Comm~aJ Open,lIon o( Ada Uait CIICCV.fl. '.
"C, AI to 14.,n., of the output IUOCl&ted wltla tho Authority's Prqject One ownenhlp et:ltitle.
ment in Vo,ltlc Units Nllmbeti OR ad Two, IlUl:h ala to Gcorlil. Power Company shall be' equal to 1005 of the output IDd Amea be&lnnin. witf:. tU Ccmmcrd&l OpcradOll date 01 .. Umt 01 Plant VOl tie aDd. Ih.1I CO'IltiAue wstU th& later to OQI;U 01 (I) retinmbt of IUdi.* Ullh. or Oi) tlu:IflrIt to CICalf at the [atat date tllIILed tor &h. PI)"II'ICDl ollhtll prWdpal 01 BoA. QE' or ptOriIScm beiq made for IQch Il'll'WJl"" fli .. c:eordanc:e with ScriM 1201 of tb Bcmd RaoI\llt{OD.* .
"D. ne c.1Itablbhmcnt of Ihe lorqolfillChltdulc is nat intmded to limit OAe pc:I'MIt ot the All thor*
itYSmlled iD SrcctiOD 311 to I'U &Ad. uc.h..n.e ~er and enctlY IrOm. Projet:t OM."
.Secdora1. ThctollowUl,l.Il11"" Im.ion to l:IIIlwown u "Section 2U" Is hereby added.:
"Sect!oQ 2J 1. Resile CIIYmut.
Thill Partldpant a,fllla that it wilJ not. without the upna written collidt oIlbe Authority. enCC.r IIIto aD1 C:Ofltr~ punl.illnt to which III nonuempt penon aJl'eea to tab, CIt to t.akc or pi, tor. power pu.rcJ.wed from Project One, Far pLlfpollal of the pre~na mAt4ll11CAll. "noiwltempt percc:m'. shill mu.n l.IIy eat1ty wblch Is not .. itate, writory, or pes.asion 01 thcI UDltcd. Stat.. tho Dfatrlcl 01 Columbia, af all1 poUt/cal sIIbdivbJOD thueof. IUd whlcb b not Ixcmp' trom cantlon under SeetlOD .501 01 the Intunll. R.IVCnue code 01 HI54, U &mInded," .
IN WITNESS wHEREOf. the MUDicipal Authority ot GeorJia and the Partidp.m uvc cu..wcd thIa Fl1lh Amtzadmczat of Co.otraCl _UI.GI.\ in their ccrportie Psnea by duly', ...
ll.nhorizcd offiem &lid their eorpo~te ,cab to be hUC'UDCO imprCSKCI aed IHated, aU of the ciate ucl I 'boYO writtcL '
....l .. JL ... .u~1"U.. EI.ECl1UC AUTH'OlUlY OFGEOllOIA.
Author! ty of Georgia, a. public boay cor:porate ancl po.U~ and a plbllc c::orpon:t1on of the State of Georgia, hareinaftu sOlMt1meil refured to as the AUthority, created by the provh:Lona of I Ga. L. 1975, p. 107, lUI o.e.. G.A.), and the I'I.vIA'!".
lubCiivbioll of the, state ,.
of Georgia, bareinafw 1i01Bt.Ur.as duigM.tad
',M 1:ba PartJcipmt.. ,.
, I '1' H 8.S S B '1' Ih BE it .r~1iI4, t.hat ,a. Power, Salu C'.oatzaat aDd an JI.miu!d- '
197B, a. I!'c:Iw:1:b
~ .
mmt aatAld May I! 1960, and a J'.tft.h Atl:aridamt. dabld as of lbV'l!!lrllbsr 16, 1983, have all been executed previously by ana bet::wl!!e.n thtt Authority t1d~PIID*I:.; and WB.'E.RBAS, the CIty of Oxford ("Cxf~II) wb1c:h hal prwlC1W1ly ,
~i'Vllld its IIo'bole~e ~ Illpply lrca the City of Covin~ton haa
~ted.to bea::me a. Participant., and
'wmDS, it ie in the best intaruts of the Authority, the Participants and Oxford lor Oxford to be~ a Participant upon the 8'lCiIIIC:Utlon of III bIIIu: sal.e.I O::mtn.c:t.
e*
POI' and in co~!ide:r.:l.tion of the and the IIIltUal
~ W he~elDafter set forth, ~e auffic::1ency of wbieb 111 acknowledged, is agreed by and betwa.e.n, the nereto thAt said Contnl.ct. is ~ UI ,\.1.1.1....""'_
The AIltbority is' hereby authorized to enter into a p~r Sales ContraCt' w~ th 'oXtCra in substimtfAliy lom i'OWer sa.laI A:I with such charl9u as may be reqtlired
,to make! .such COl:Itract' applicable to and to pral1i~ axfom with an !!nt;U;.lemen.t Shue 0.1911, 8Jld an appJ:oprillte 'l'r.rulI:ft~sdon Entitlement ShIUe calculated in accordance with Sect1.m 308 of the
~ Sa.les Contra.ct..
'l.'h8 Authority illl IWthorbed. ~ pl:O'liaa a portion of (.'.bd!ord' s Share from. t h i s ' l l Share pro rata with the other .putJ.c::.ipants approving'thls sixth
~t.
This Patt~clpaQt agrees to c~tiDue obligated tor its full Entitle.mrent Shue without dadu~tion ,f.or thE! pro rata*
portion udgned, by the Authority to OXf'!lrdz' PrCNide.'i. ~, that..
the A!.Jt,hority hceby lIIIgTeeS it will t.eke all necusary action to
, enforce the of all 8WII8 due by Oxford for ,*i ta EntlUement e.n4 th.i8 Partlc1pant receive c!:'edit for ita pro ra~
shan! of II'l.lcl1 p!It.)'IDIInts.
Section". nus S.ixt.h 1menc'bant shall beo::;me eUec:t.i".
suc::h ~t has been apprO'tlllld* whose 1985. :!.'rIU'UIllIlUIl dan Shar_ represent, in the Bg'g1:egabi, i"IlQt l.ea t.ha:n 7S' of the total hrticl,l;ll!lnbi' Tran.sd.8sJ.cn Sbaru for
e, prov l~ed. nowever, t:.hat the AUtl}o"dty u'; make to OXford rruoactivlI to January 11. 1986.
IN' IrUTN1.:SS ~ I the Mw'llcipal Electdc Authority of ,
Geor9ia and the Participant hl.ve caused this Sixtb Atluandll1llnt of COntract to- exerut:.ed. 1r1 to
'WN ICIPAL ElfCTRI C AUTHOA lTV OF GEORG"I A M!
THE UNDERSIGNED'PARTICIPANT This Sevllnth AJqndl!l8nt of Contract,. _de and Intand Into as of May 31, 1989, by 'and between the Uunlclpil Electric Authority of (3eo~gia. I pubr~c b!ldy corporate and politic and a public cotp~ration of t~8 51.tIt of GeQrgia, hlnlnaft~r sometirnel fehr.nd ,to au tne Authority, creat,ad by tho provision. of 1975 Ga. laws '07, IS uended (O.C.G.A. f 46;'3-110 I ),
and the undersigned pol i tical $Ubdivislon of the Stat. II.. hereinafter 10iI1S1 ill., 'deslg~ted as the ParticIpant.
WITNESSETH; BE It rtm8ll'lbered thai a POlfer Sarli Contrlct and ~ bendment, both.
dated' as of IJarch 1, 1976, a Second Amendment dated as May 1977, a Thl Amendliltnt dated AI of February 1, 1978. a fourth Amln_nl dated as of thy 1. 1980. a fi fth ~endlllent dated as of November 16. 1983., and a Sixth MendMnt dl.tllld as of January 1, 1Q86. have 1&' I been executed I)'
between the Authority and the hrtlclpant; and' WHEREAS, the Part,cip'lnt and the Authod ty hay. dltlmJned that the financing of transmitsion syatCill facllitiu after Iha coaaercllll.l*op.ratlon of
, Vogtle Unr tHo. Two il to be continued &a ill p;jirt of .ProJect One; 'and
WHEREAS, a contract with the Southeastern powlr AdaiRI.tration <SEPAl I, "
pcrmlts the Authority to IfIhc,ISEPA allocation. for ipal CU.stOll'rI within the State" of Glor;la.
00'1, T}fERfFORE aru:I I n cons I Ion of tnt pf~is~s and,tha mutual cov,nants agl'ceillentl h.,ilina'~er lUll forth. the" sufficiency of which is hareby acknowledged, . It Is by and between the part i ,. hereto that Contract fs further amended as follow.:
PROPOSED IJ.iENIlWaS TO PeIfER SALES COHlRACTS' Siction 1. The PowerSa'es Contract, IS amended, it hl~eby further Bended .
deleting subsection 102(1) In I t. anti rety. a,!'ld aul:!sUtutJng II new lubsectJon 102(1) to read as followl:
,"(51 'Project' shari mun thau electric generation and rllatid tranlll'liulon bel/Hi'll. which are Identified In the Description of "Project faailltlea to which reference Is mad. In the DllcrlptJon of Project, together with ,(0 any MJot nn'l'IIll.,
tions. betterll'llnh. and IlIIproYP1enta necluary.
In the opinion of the Conlulting "Engineer. to keep the Project In good operating condl tlon or to ,pr~Yimt 1II loss of revenul thlllufrgm~ 0 f) any
!NIjar IUOtUl, lmproveillentl. npaj u\ iIId I10di ficationa to thIS Project Al'\d any. d,comnlulonlflg 'or disposal. of the Pr'oject. require~ by any governzantll Iglll1CY havIng jurisdiction ov.r Project ~r for which the
Authority shall be responsible virtue of any obligation of the
, ~
Authority arising out cif any contract to which the Authority, my be a
~arty nlatlng t~ ownerJhlp of the ProJlct or Iny faci lity thereof, and (i Ii) \IIOrkln; rIIIlCjul red by the Author! ty during construct Ion of the
.1'roJect and for the placing of the Project in,operation for provIding Bulk 1'ower Suppl~ and SEPA po~~r t~ the Partlcrp~~~."
Ion 2. The Power Sales Contract. as amended. Is hereby further amended by de loti nil ilubsec:t Ion 3O.2(c)(2) in I tI ent i re ty Section 3. Thl Power Sales Contract, as , is hereby further amended by deletrng subSllct 308(b) rn Ita entirety and by lubstltutlng in IieLi thereaf a new I~tulectfon, 3OS(b) 10 t~at when 110 amended lubaect.lon 308(b)
Ihall read as folloWI:
n(b) The Authority may auuae ruponslbi I ity ftfr .t*ra,'lSDII.... an of *SEPA' power to' Part Iclpants and other customer, of SEPA, provrded that the Authority ahal r ucover at least U, colts for lIuch transllllllli'on Slrv During any Power Supply Year In whf.ch the Author.lty hu rlSpcm~ibllity for
. translII'ufon of SEPA power I such transllliulon seryiu shall provided by the Authority to tiel.pants and oUlIsr customers of 'SePA by accspting
, dill ivery of aueh power trOll! SEPA, for the ac:count3 of the relpegtive Participant. and other customers of SEPA,- and del,lvering IUcti WI. power to 'such ParticIpants and other eu_torner, tluOl.l9h UII of the translIIl&sion sYltem facll i ties Incl in the Project. and the Authority is authoriud to ,jncr.e~se f til Inve.tment in, and the annual Ing costl of, auc:h tranlliadc)n aystem f:aciiltli. as l'I\Iy be required to provide 8t1ch
trinsmluion 'IIrvlce. " The chargee for such ser\liclI shall be calculated and col Iectad by the Authority i8 prO\lided in' Section 308A hereof. All amounts eollected by ,the Authod ty for lIuch transmission nrvict shall be appropriately ,credited to Ann~al Project Coats In the same manner as other credits pUrluant to.Sectlon 311'h.reo'."
. BecHan 4. The POVler Salu Contract, as amended. " ,
III .hereby further' amended by adding a new ncUon fClllawing Section 308 to be dllignated Section 308A to read 1131 fC?llows:
"Sect Ion 3081..
The Authority ahJl1 utabliah, ~ rat. (expressed in dollafs per ki lowatt per UIOf'Ith and determined ~ti 112.lng the annuai dol!ar costs and bl' IiflSl determinants) f9 f each month of the Power Supply Year for' purposel of de I iVlr ing SEPA pow~r to the Parti r;:lpa~h and 'othtU cUlIIt0lll8r~ of which are not Parti.crpanta ('noflparticlpant custOIAenI r for each iIIOnth of '
the Power Supply Yel~. Such rite shall be determined f('.lr each Power Supply Vear by dividing the 11J/II of (j) the Annual Projec,t Transmission
, flx.ed Charges, OJ) the Other Annual Projact TrMsIII,ISlloJ'l Coltl l and (Iii) 1he Authority for the purchaae of transmilllsion aervic.. fo; the Project under itl Integrated t ranslllillsion syat8111. agleemlnt witnothel' ut'llitlu; in each' 'case .a budgeted or esUmted to be Incurred for the Power Suppfy Ytlrj by' til, sum of (!l) the high.,'t annua' one-hour Integrated co'incldent systelll det.ua1ld of Bulk Power Supply provided by the AU1~ori Iy to all of the Participants, (b) the high.s. annual SEllA ca.p~cily del i IIl/ed by th. Authoti ty to the'
Particirullnh a.nd nonparticipant c:u.stOllers, and (el leu dU'land credits and tranUlission 105511,
\ '
if applicable, incurred by the Authority under Its Integrated transmrsaion tlystein' agreement with other utilities that ",re.
proper,ly ;lliocable to ,the SEPA capacity delivered to the P!lrttclpllnts and nO,npartfc.!pant CllltOlllefl, In each, case to be' lSupplJed crudng the Power Supply Year; with th'e ruult, further divld.ed by the number 0' montba' 1n the Power Supply YelU~ The amount payable by uch' Participant and nonparticipant. customer for each ~nth of the Power Supply' Year. ahal! be the product of the rate. determined in accordance with the foregoing, and ttle SEPA capacity delivered by the Authority to luch Participant or nonpartlclpan~ cull1tOller of SEPA during the respective month of the Power Supply Year I plus, In, the cue of nonparticipant customers of SEPAl any
,applicable surcharge. 11
, Sectlpo 5. 'The attachment to the POilfer Sales Ccnttatt entitled of Project", as .ended, la hereby further lI.I'llended by deleting
- ' ~he paragraph designated "AddItional Faci I iUes" in it. ~ntlnt1 and substituting a new paragraph to read as follows:
"Additional Facilities.
The additional facilities af thl Project shall be those addlllonll1 and improvements to the e lectr Ie generation and related tra,nUllllion, faell itie. and to the Iral'\llIIl'*
- lon IYltem faeill iI,es of the Project provided for In clauUl' (I) and (1) of Sectlo\'l 102(a) Gf this Contrlc,l; and tho.. tran.miulon s,ltUl ,facilities.: renewal.,
replacementl. npal,rs, ' disposal." and additions" betterment.,
lmprovemenh, modi flcat Ion. therdo, acquired or constructed by the
. . \
Aulharl 11' subsequent to the Comel'cial Operation Date of the of .the generating facilltill complatll~ in order to meet Ita Inveument responsIbility In connection with any agreement for an Integrated trans~iI.iQn ,sYltem to .whlch the Authority may b. a party ..
IN I~TNeSS ~OF, the Municipai Ehqtrlc Authority of Georgra an,!:i the ParticIpant caused this Seventh A.llendlll.nt of C9ntrac:t. to be executed in their carporllill n~s by their duly [zed offh:en and thai,.* corporde s to be hereunto ia>>prllSud and attested, all as of the date year fIrst above wd tt lin.
IAlNICI ELEcmfc AUniORITY OF GEORGIA APPROVED AS TO fORM;
AMENDMENT POWER SALBS CONTRACTS BE'I'WBEN MUNICIPAL ELECTRIC AtnHORlTY OEORGIA
. AND TIlE UNDERSIGNED PARTICIPANT sometimes referred to as the Authority. aeatcd by the pro'risioM of 1915 Gc:9rsia Laws 107, " ameuded (O.C.G.A. § %-3*nO. et seq.), and the UDdenipcd .politlcal subdivision of the State of Georgill., beteinafter 30mdimes design.aied as the ParticiPant.
WITNESSETH:
WHEREAS, the Auth9rlty and the Plltlkfpmt emered into II Pewa- Salts Co~
Ameodment dated IU efMay 2S, 1977,111 Third Amendment dated as ofFe~ 1. 1978, III FeW1h AmeDdmcmt dated II afMay 1. 1980, Ii F'Lfth Amct1dmen1 dalcd as ofNoverDba'
- 16. 1983, II Sixth AmeD:1meDtd:m.d u of JIIlUIIY I, 1986, and lI. Seventh Amend~
dated as of May lJ. 1919 (hereinafter"P:rojaet One PoWe Sales Co~; ad WHEREAS, the AUihority and the Partic:ipmt entaed into a Po"WeJ' Sales Contract da!ed as ofFebruary 1.1978** FimA:mendmem dated as of May 1,1980. 8lId aSecow:i A.mcmdmeot dab:d as of January I, 1986 (berdnafte:r 'Trojea Two Povver Sales C001l8ct"'); md
WHEREAS, tho Autllority ad tbcI Participant entaed into aPowu SaJa Contract dated IS ofMIY 1. 1980, ad a Fint Amendment dated IS of J'anuary J. 1986 ~
'"Project Three Power Sala Conuact); and WHEREAS. the Authmity and the Puticipat emercd into /I POWa' Sala Contract dated IS of Novemba: '16. 1913 ad a Pint Amc::ndment dated II of J'anuary 1. 1916
- .' (ha'ei'Dder '"Project Four Powa' Sala Colltnld); and WHEREAS. the Autbority and tho Participant wi&lJ to u;ta1d 1be tam of Project ODe Power SaJa Contract. the Project Two power Sala Coat:ract. the Project
'l"hreo Power S_ Cootnet m:d Project FoW" Power Sales Coatract ~
5Omed.mea refeJ:red to coUectivlltly II the "Powa' SaJa COI:dncfl',) to period allowed by Jaw; I!Id WH.ER.BAS. 'the Authority bu detamiued thai it will DOt extCDd' exirtina
.. Co~aod .
WHEREAS. the AWbority and the p.mapa wis.h to proVide for a method of Iilloeation of the output I!Id aerriccllDd com rcJatiDg to Project Two. Project 1bree md Project Four fortbe period of the term mtmsion of the Pm!re.r Billa CoAtnIctI ~
. to JUCb Projects 81 weD II providiq fur an ameodmc.nt to the Schedule of ObJiaatioD Sh..InII pataining to ProjcctFOlU'.
NOW THE:REFORP., 101' md in com.idmdon of the ~ am mutu.aJ coV8DlllDtl and agreem.emts bereinafter set forth. II.Dd in order to provide tor c:e:rWn
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changes in the Power Sal. Comncts, it ill agreed by and between the Authority and the Participant !hal ~ terms of the Power Sales CoIttract IhaU be amended u fbUoWl:
Sed:Juta 1. EltadoB (If tle Ttrm of tile Power Sales Contneb.
l'he Audwrity ad the *Plrtidpat.hereby mmmd the term of the Pow. Sal.
Ccrdract&.. foUOWI: .
e.xteDded from M.n::h I, 20:26 until Jame 1. 20S4 (bereiDa.fter "Project Oile Tam
- ExteDsion Period").
(b) Th.e teI:m tho Project Two Power Sal. Contnd is eXtaIded fiom Februay 1. 2028 UDtil June I, 2054 (hereina.ftc:r "'.P.rojoct Two Tam ExtmIdon Period").
(c) The ta:m the 'l'hrcc Power Salu Colll:mCt ill ~
cxtalded from May 1. 2030 until June 1, 2054 (hereiD.tt\er '"Project 'I'1Iree Tam B.Itcimion Period").
(d) The tam of Four Power Sales CoIltnl::C. iI
~ed mm Nova:nbar 16. 2033 uutiJ 1UDe 1.2054 (heteindta' '7rojed Four E.::lta:wionPeriod"').
SedioJIl. All_on ofPrpjflCt Two. Pmied Three and Pmi;d Fow:.
Ca)
Sectic:m 308(111) of the Project Two Power SalCl Con2rac1 obliptea the Authority to provide to acb Two Pcticipam.. ad oblipia such Participlmt to take.from the Authcdty. the output IlDd lII!rVil- ofProjoct Two bued upon the niellDd cha.rpI e:ablisbed by the to Section 301(.) of the Project Two Power
-3
Sales ContnIct.. 1.'bo Authority and Ill" Participant he.mby asrcc that dwing tho Project Two Tmn Extaltion P.criod the output md senioe.r mel costs of Pmject Two ahall be allocated to acb Project Two Participaut bued upon I perccaap derived by dividb:!g the tDtal p~ made by ~h Project Two Puticlpm for debt service IDd for capital COItI dm:ing tho mtinty of the orisfnal tMm of the Project Two Pow. S_ CoJ.ttract.
IdjUlted to pracmt va.1ue. divided. by the total paymeuu made by all Project Two Participants for debt aenice and capital col'1l.for the entinty of the onsintl term 01 the Project Two POWI.iIr Sales Con<<ract. IIao adjusted to pn:seot value (heR.inafter "'Project Two BilJiq SbareI"). The ~ value calculation shall be bued upon a discoutIl factor equal to tho weishted aveap iD.terat COlt ofdebt nll&tiDi to Project Two duriD, the entirety orthe oripal tam ofProject Two.
(b) Prqject-'l'hrmAIlYOJl.
Sc:cdon 30&(a) of the:: Project 'l1IreB Powu Sales Contn.et obligates the Authority to pravi.da to a.ch Project Three Parlicipant. iDd obliploS INCh P.vdciplmt to take from tho AuthoIity.. the output IIIIld seniccs of Project 1"hree hued upon the.ates Imd c:barp edablil.hed by the Authority plU1Nllllt to Section 307(a) of tile PIoject 'l"bna Power Sal.,. CamrIct The Authority aDd tho Partidpmt hereby ape tb.It dunn, the Project 1'bree Tam E:xtemion Period the omput IUld ArYic:cs imd COltS of Project Three IIIhaIJ be alJ.ocated to each Project 'I'bree Paticlpmt baed. upon a pc::rcentlp deriwd by dividi:as tho total paymentl made by each Projc::c::t 1'b.ree Partkipant b' debt ~ ad for capital com duriDl the eutirety of the onpw term 01 the Project 1'broc Powv SaJa CDDltnct. adjUlted to praent value. divided by tho toW paymcmts by an Project Tbteo Puticipeta fur debt se:rrice ud capital CQI1s fO.r the eatimy of tho original tam of
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the Project 'I'hroe Power Sal. contract. adjusted to present value, ~ "'Project
'l'hnIe Bil.lin. Shea.").. '!be praent value calculation &ball be bued 11pOID. a diicol.mt factor equal to the av.... wciabted i.u.tcrat COlt ofdebt relatm, to Project 1bree durin, the cmtirc:ty oftha orl&in&l tam ofProjcct 'I'bnIe.
ec) Pmiept Four Alloolti9D*
Section 308(1) of the PIojeet Four Power Sllet CoDn.c:t oblip1el the Authority to provide to eacb Project Four pa¢cipDt. and oblipfel.l1lC:h. Participlu:d to talco ftom the Authority. the output and IIeI"V1Cil111 of Project Four bued upon the rablII md c:huga atabJilbed by tho Authority pW'II'IlImt to ScctiQD 307(&) of _ Project. Four Power Sales ComrIc:t. Tho A~ and the Particlpam haeby ape IhE duriDs the Project Fow: Tam Period tho output and IIIln'iceI aDd 00. ofProjcct Four Iball bo allocated to each Project Four Participant baed upon a pcrceI1t.a&e derived by dividinl the total. paymc:Dtl made by cacll Project Four Plrticipmt for debt sa:vicc md fur capital COSCI cluriq the c::Dtimy of the original term of the Project Fow: PO'IIVC(' Sales CoDcract. adjUlted to prlll<<lt value. divided by the total paymcm1I made by all Project Four Pardcipanll for debt'lcrvice and capital COIiI for Che c::Dtirdy of the aripw imm of tho Project Four Power Sales Con1net. adjUJ1ed to present VIIlue. (he:remaft.er -_.i_
Four BUlinl SbueII"'). . Tho pn.'JIICID1 vahle a.icu1aticm ab.dl be buod upon Ii discount fador equal to the avenae wcizbtcd ime:rat COld of debt rdatiD.I to Project Four d'l.li'i.ni the entirety ofthc orlgiml tam ofProject Four.
AdditiODllly. effectivo U ofNovembc' 16.2033, which is the expiralioa date of
!he orisfna] tenu of the Project Fow: Power SalCi Comnct, the SoWW. of.Pm:iect Four
Obliption S'ha:ra shall be ameaded 10 that each Project Pour Plltieipam". Obtipticm Share IlWl be equal to suchParticipmt'. Project Pour BiDing Sbara.
SeedeD 3. Tho AutbClrity hereby agrees that it shall Cot c:x:tcmd Ibe term. of any existing SCllera1icm debt. e:xc1wive of ex.istinl debt ~ to woridnl capitaJ and.
nw::lar fUeJ woridnl capital debt compon<<mts. beyond the following ddei: e:x.iatinl Project ODe gmention debt wn not be c:xte.Dded beyond Mard11. 2026; ex.istin, Projact Two Ic:neration debt Iblll DOt be cxtcIDdcd beyoDd Febtuay 1* .2028; oxiltirls Project 11no se:nention debt Ual1 DOl be e.xteDded beyond May 1.2030; Project PO\ll' Se:nentiou debt thaU DOt be extcmdIId bcyobd Novanber 16. 2033.
Sec:tlOI'l 4. n. Power Sa1a Contracts u amended h~y aJW1 coJllimle in effoct and Ire .rcaffim:!.ed by the partie;. Temll not defined herem In to be defined u in .
the Power Sa1ea CoDtractI:
Seetioll 5.* 1"hiI Ame:a.dm=t W1I become etrcc:tivc wheQ duly IIIppJ'Ovod and executed IDddelivered by the Pctk:ipam. acd wb= Qea1ted md dolivered by the AIlthorlIy. 'I'be Authority wiD onJy Qecute and deliver the Aml'lOdmr.at wheu it dotemrinod that the Amendment or similar ameudme.nts hIVe: been duly a:ocuted !IIIld delivered by each oflbo c'W11IDt lbrty-_ (49) Partic.ip.mtl.
[Si~ Appar on Next Pap]
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IN WITNESS WHEREOF. the Municipal Electric Authority of Georgia has caused this Amendment to be executed in its ~rporate Ilame by its duly authorized officers and. the Authority has caused its corporate seal to be hereunto impressed and attested: the Participant hIS caused this Amendment to be executed in its corporate name by its duly authorized officers and the corporate seal to be hereunto impressed and attested. and delivery hereofby the Authority to the Participant is hereby acknowledged, all of the date and yev tint above written.
MUNlClPAL ELECTRIC AUUlORITY OF GEORGIA Attested:
By. r.::!.[SEAL]
J~-
PAATIClPANT:
CrrY OF ADEL Att~
BY:~4 or .... "* *
<*~."**"isru] .. ,"
-. .)0
-7 I,.' ..
AnAlIlI607Uh1
~;..~.:..~";>"
Attachment 3 Vogtle Generating Plant Financial Assurance Requirements Decommissioning Nuclear Power Reactors - 2013 Submittal Project Four Power Sales Agreement
PROJECT FOUR POWER SALES CONTRACf Between MUNlCrPAL E~CrmC AUTHORITY QF.G:E?RGIA and PARTICIPANT Dated as ~f NO"em~e~ 16, .1983
- PROJECT FOUR
-. . , ~
POWER SALES CONIRACI BetwecD MUNIOPAL ELECTRIC AUnIORlTY OF GIORGIA
~
THE UNDERSICNED PARnOPANT, .
Tbl. Contnet, made and. entered into IS o( NonmbU 16. 1983. by a.ud bctwCCll tbe Municipal Electric Authority 01 Gc:or,I., a Pll~UC bod, c:CIrpora.te and pditic IDd ~ public corporUioA of th. Slate of OcorJia. hereinafter JClmC'Jm,. daipatcd IS the Authority, crditd by me proriACIIII or I GL L 1915,'p:l07, u .mtA~ (t1tlc 46-~'llo-, O.eOA), and the ~DdcnJpcd politiCllAbdirislOD of the Stlte of Gear... herC11\aftcr 10lnCtamCl desllDltzd IS tbe PuUc:iI&llt.
WITNESSETH:
THATI WHEREAS. Uc Pt.ttk:ipll1lllld the Authority h,vc berdotOR entered mIG I POIrQ' Sale. Con- .
tract dated u of Ma.rQ I, 1976, u amudcd, Wider wblc:h LIlt: Aulllorl17 bc:a1Dll thO balk pGWCf IUPPUcr to lbe PartJcI~Dt. IJId &aid Ccaartc:t ClODtcm~tcI tlat ,ddIliollll JIIOlcc:t1 may be und.cz1&kc:D b1 the Authority, &QCi ba",e huctGfort alcrcd iato , Projod Two Powar Saka Colltn.c:t d.&to4 u or Fcbcu&l1 1, 197., IS amaadod, aDd I Project 'Ilrcc Pawcr Suea Cooltlct cfald! u 01 May 1,1980, midcr wbIcb tM Aatbarfty Icqulrr:d IddItJoaal projccu; &Ild "
~, the PuudF&lIt alii the AuthoritY h&vc dctuminect that I.t illA tlaclr ~ intcmiu that the Alitborit11U1d1:rtakc I tourth project wlllel [s RUolI.abll cxpoGicd ~ ruult'm I mOra eamom!caI cwcrall hJk Power hpply to th& Partldpl.l1t lid oUler pcIltbllllbdMlloal COIalnc:dq witll thl AQthori1J tlc:nl'or h7 matiDl the output &ad related acmcu or Prajcd. FOIl' .ft!labJe to the PaniclpaD~ .aDd bI CzlabUuJ w Autborit)' to ri:anule Ccrt.aia .&lea of the ntpal DI Projec:t CDC uc1 Project Fov.r to otlIcr utilltfea "latcJa "iatedcd. ta improvc nllltanliall)"tha matchiaa of tbc output of boll Project ODt and project Four ID the PutlciplDt', Bulk Pcwu Supply Rlquircmeats; ud WHEREAS, the Authorlt1 will take or C&I&A 10. be tabD aU Itcpl UCCII&I)' to aec:ure IDCh IClfttIUllCl1taJ pemIts. liccua. aJId" 'FPrcwall II Ih " nlClClWY far, aD4 wOl , t.b&.. proceed u Ippropriate witb 4aal dell"" lauc:itl aDd Icquiaitioa ud COCIItrllc:tkm ot tlcR facilica herdD dacriW aad dcaipalcld u PrQjtc\ FOIl' for the .appJ, of e1cctrlc power aod ellCl'D to the Putidpaut ad to .n otlu:r paUdcallUbd1viltcnll contrac:tlq wflh the Awbority tbuclor. aDd wtlllCll tIJ& DIltpQt ud acrr!cca 0/..11" racil.ltica p!lI'YMIIt ~ III!I Coalnlct allot to WDtna. wl1\ atbc.r JlOIjtical subcU'Ff
.iODl. dcalJDIIIII ~ .ith tho PIlti~pa.!ltI U tllc Plrt1d-pIIlU*; aM WHBREAS, ill ~cr 10 enable 11. AIIlkOrity. 1.0 Wuc lu t1:'CSI~ boaU"to pay ~e QOItI of . .
uquna, and Q)IIIlr\IcUq Project FOIIr It 1I11~ ror tbe Aut,bority to ban bLudiq contncta with - . .'
all pclitlca1l11bdlriliODl of the Slate 01 OcorJia, pursu.urt to lutll:oritlor I Gao L 1,.,5. P. 107, u .
aDlClldcd (Tide 46-1-JlO, O.c..G.A-).lhat Ll'C Plrticipallts-m Project Olle, Two la.d.nro., and all pa)'JD1D1i .l~uble to ProjlCt FoiIr or to tJao AAauI1 Project Foar Colts, u bcrdDafta' dcADcd, to be made III .~ana: with or pt!fQ.Ia\ to this Omtr.ct lad such Olha' caDtradl aball be plcdpd u
~t, for tho paymeat oIllich BM4s..
NOW"[1WlU"ORE:
For aJSCl ill cour den don ol the pmnisea and the mu t uaJ CCJVenll1tJ and aaRiClllClltl bCRiDaflcr let fonla, Iud. !a order to pl.y thc AutJaority (DIlts COIU of prOYidilll to lb. PartJcipul. output and related
leniCes Crom Project four, ud, to furlbcr enable tbe Authorlry to impro~ the Plrticipanl'l BuIlt power Supply lluolllb the rcantDlaDmt oC carUiD lib to other lItlliliu oC I portloll of the output oC both l'tojcC\ One uul Projcd. Four, 'Dd to CII1.thcr euble the Authority to CIDIItluuO to provide the Participut'l Supplemen~1 Bulk Power Supply, it II qr* b:t and betwccll the partlea hcrelO U follows:
ARTICLE I '
TI.llM or CONfRACI, DI.FINmONS Seclio. 101. TtnD.
The tCflJl ollhlJ Contract .bali belin' anet thil COMet .baU cons1ilute I billdiol obllptiou oIlhc parties hereto Crom Ind .ncr III eucution by ~ lui plrty \Q'cu;CUlC the aame. Tlte term of thb Contract .!WI CCIIl&laue In full Coree aile! dl'ect until &\ICb tIme, not uceedlzl My yean, '1.1 all of .the Authority', BOIIdi a. licrelaattcr dc4acd or notaiuucd in lnliapatloa oC 1M iauaDC6 o( BcmdJ LIIIl the iAtcRIt tbaeOa hive been pild or provilloDl (or pI)'IIICnt.blJ haw hca ml~ In accorduCi with
- the provWODI of the DODd R.CSOIUUOIi or untU such timr,1IOl exc.eallnl ftlty (50) ~ u Pra;cc:t Fov shall be rctlnd rrom sCrYice, decommilsioned or disposed cf by tbc Authority, "hI~ is IJtcr.
SectSoa 101. DefinidollS and ExpiaudoftJ of TInU.
Mused hc:rciA:
. (a) ~Act" shail mCf,n that certain Act oC the 191 Sswlon DC Lbe OClleral AJ£CD2bly ollll. Slate oc" Georp CODlpilcd aM pubUlbed III I Ga. L. 19", p. 101,11 the salDe Iw ~ herctolore IX' may be lIucaftcr a.mcndc.d Oitle 46-3-110, O.C.G.A.).
(b) "AllQul Project FOllr Budlet" sbaU mean with rerpect 10 I PoWer Supply YAr,the budlet or amended lIadaet adopC&d 1Iy tbe Ailthority peumant to Section 201 hCrcol, whlch hudpt aJWJ COIItam jtcmlud estimata oC Annual ProJcct FOW' Coatillld III revcau*es, ill=me. orotllcr 1ilndI to 1Ia applill4 '
to .udI COlts.
. (\:) uA!m\laJ Project Four COIU" sbln mean, with respect to I I'o1rcr S\lpply YtU', to the atut
.u not paJd U a put!Jf the a.t o( Ac:quiailioa IIld CoQltrllctioD* COIla IlId CX]alai oll2Je Authority
- paid by the Alltbority dllrin, IlIch*Power Supply Year aDoeabie to Projca Four whkh ahaD coaiilt or those iCIW 01 =st and C1tpcusa rclerred to in S"lfOA )05(b) lIcrcol. u Ann~ Project Four Fbcd
- Charlu and 0UIct ADAuaJ Project Four Colts.
(d) NAMuai Project Three Casts- lhall IDCIII those costs and Upcmel dcfulcd In Section 101(c) or tH Projm ntcc f'owct Sala ColltnCt, " ,
.. (e) "Annual Project Two Coaa".haII mUll thon codJ aDd upenses deaned (a Section 102(c) oJ the ,P",jCCl Two Power Sales Conmct. ' . ;
(I) -Alln1l&.l SlIpplCUIeatal CCIIU" shalllllcan !lose COlts _ad apcnlu oC the Aut.horiry alloc:&b!e to \.be ~. or lu(!Ul!liua 01 Supplemca\a.I Bulk Pa~ Supply 10 the PltnJd~u.
" . W ~Boncb" .bll mean the Bonda 01' other evidl!llCa of iDdcbtedll!31 bnacd by thll Authority.
pUn\II4t to Lbe pf'O\'blOll.l or the Bond Ruolut[oa to WlICO Ill' rcllluca the o.t of AcqvJlitioD aDd COnJtrlJc:doa or ITol~ FO\Ir. Whether or \lot ADr !IIuc of auch Boa~ alWl be aubardblale4l u to pAyatClit to any other laue of IUch Bonds, alld sbU IDdllde addltLoaaJ Boada iInd pumIUllto the
~visfoN or Sc~n 401 lIcr~ and 1d'lbIdiDI Bondi luucd plmuut US the proviliODl cf SeetlOll 401 JaercoC.
- (b) "BoDd RcsoIuuoft" shall meaa the aCII~ P~'ftr RcvUlue DoDd Rcaolutioo Idopted Ind Ie.ldoptcd by lb. Alathotity 011 Man:lt 22, J 9', aacf April 1', 19". "'IIoctiveJy. u IrOlD time to time IUpplcpJClltcd IJIIIlmcadcd by Supplemental RuoIutiom thereto, illclD&1 the Supplcmeatal GtIlCrll Power R~CAIII Bond ResaiUtioD Iulhorfzinl Projcec four to k acfophd by tlIe Autllarity IIId or ac:czptcd II)' lbe TJlIltce thereander lor \he lICAtit tat OWDen ~ the BoIIdJ which ,b.al.I provide for 2
the 1.uuaQCC 0( ~dt, a copy or which Gcncia1 Power R.cyCD~ Bond Resolutloo and Suppleulenlll Ckacra1 Pcnru Revcaue BOlld Racllldocl alitboriziD, Pnlject. four in .Ubllut.\a1l:1 the rom to be adgptcd OJ tilt Authority ,hall be en file 10 the C1lCOI"ds of ~ Partfcipant.
. (i) -Bul'&: Powar Sup,ly" ,Ull mcaa,1fitll respect to i Plrticlput, aU electric power aDd' eDCIIf .
required bYluth Partidpalll In w:as or that Imaunt (I) IIIppUed by aa1 IcncratioD and traul1niuion r~ CIWlIC by luch PuUciptllt 011 llIc cJf'o:tiva date of the Power Sllca Contract. (ii) ~e<<iYed by Nell Partlciput (rom tbe Sauthcastcnl. PO'IWct Admf4iJtntiOll (S~Aj, llId (iii) procurecl by IUch ,
Partlc:lpaat &am altunar. ""Ik power .upply rcaowca ilIlccwdallCl with the prarisiOOl o( Sectlo.Q 4().4 01 the Power Sa'e:- Contract ud nbJect to SectJoa J~c) o( th~ Coatritt.. .
m ~al OperatloD Data" .h.atlIllCUl. ,"til rapcct to cacII Cullity o( Project FolU', the bePnnia. ollhe day 00 which ltICb (ac:illty 01 Projoct FOIIf U. ill the opI.aia:\ 01 the Authority, producI.4J tAd ddlvcriq electric'po~ aad CDClJ1 ror commadal wc.
(k) "'Coan1t1q ~ICI ,h.aU mClll &1\ Clllinc<< or tI1&i4i:crina linn o( national rCP\ltation baviq dcmoutlttcd capcrtlle I!l llIe !cld o( elmrlc power ,Ulcrltton. tno&miuioa. power lupply.
clcttrlc 1ItOity opcratiol'lll, ratCl, and rcul1liUty.
(I) ""CoIalac;t" ud "PrOject FOlir PO'ftI" Sates Coatzac.ll" IhaD 1lIWI. rupectlvd),. this COQtract
",jlh the Putlcipaat and dl Project fO'll POWir SalCi ContJac:tJ. incIudlq thiJ Coatrlct., entcrGIJ into by the Allthority ud a PutieipllU, i.a each cue .. the lime lnay ~ am=4cd mm tUDe to time..
(01) "Cost o( Actpisitlo. aad CoustlUctioa" .han 'mcaa, to the Qt=t not included ill Annual Project Fov 'Cosu, aU COlts aid expcnua of plln:.ahac. iCiiaNili. acqulrilllo COMt1lcdlll, IlIItalliDa.
and 6nudll,l'rojcct Fov. pllciD, ProJa;t Four til opcnticm, d.cccinmllaloni.q or dlspoul or Project Four Ud obtaJnilla ,onnamllltal approvalJ**a:rtiIcatct, pcrmltJ 11Id Ilcclllil ,,"til rapc:ct thereto hcrctOrOfc or lIcrc&Cer paid or iI:Ic:urted by the Authority aDd lll&j iDcludc. In addItion and without '
Ifmlta.!i~ !.Ile foUowiaa: "' ,. ,
(1) warfcinl capital a.ac1 rc;sGVQ illlucb .iDouJItJ 1111l1)' be Clta.blishcd pIln1Wrt to the Boad Rtsolulioa; ," ' " " "
(2) {atenst-ICClVJq to .haIe or ia put on Bllllcb prior to md dlU'iDa constnlttiOll and for IlIdl addltiouJ period II the Allthority mA,/ rCUOftlbly dctcrmifll to lit IICC&IUr)' ror the pia. .
of Project Fo~ or In,/ (lcI1iry t1Icrcof iD opcratioa III aa:ordlocc with the prO'risioJl,l o( tho Bopd Rctalulloa. .
or
.(3) IcqulliUon o( laitiaJ (ud or (ue! iaYClltol)' (ett cada ICDlrltiOil tadlil1 Project Four ud wortiII& c:apltallnd rcsCfYtS thuc(or aa.d wonu. cipital IlleS raUVQ ror reload ,r ud ILIld addi*
tIoAal (vel fay=taI1. ' ". "
(4) tho dcpcsJl or deposits lIVID tho proc:ccdl oll!calds I&Rcd to lhwl<< such COI1I ill 1111 I\md or ai:collllr eatabillW RurllWlt to the BOIId RaoludQll to meet Debt 5cnicc nsc~ ~uiri>
mo:.atl (or Boock,
(.5) lba !lapodl or dqx!dts lma the prOceeds ol tk BOIII1I Wticd to &an~ IUch cOltS ill tlIy
. l\lDda cw" ac:camb cstabliahed'lllin1lAllt to the Boacf ]laolutioa .. reKrt'ls roc rcueWals u4 rcp1a~. rcWClllart froID or ;o1\ciqwMI. '
.cme.. docommlsiloQJDi or dllpouJ oC Iny CaQUty of Project (our (6) tnicJaa ud ttltln.i COLlI iDcurrecl 11:1 tlIc Autllon ty, (1) prdiziainary iAvatiptioA aDd dovdopmCD' COIU, ~iJlCCfiDa reca, CIOIItracton' fccs, costa of llbor. ma,erla1a, cqlllpllltut. utmty acmca and suppUa, aDd lepJ alld filllndq COIU, (I) ~n CClII o( InsnrlACa Ipplh:able ID the period ~ COQtruclioa., Ind (9) aD olller COl" incurred bJ the,Autllorfty IJICl properly .nocable to thc ac:qWddoll ud coDllr'llCtlon 01 PrtJfect Four. lnc1lldbll all COSCJ '1II11CCd by the islu&.n.a of IddhfoDlJ BcmdJI plllPlat \0 SccrioD 401 hereor.
3 L _ _ __---_
e,
, (0) "F'IIel (AU" shall meac &n com i.!lOlne4 by the Allt.hcrity dllrin, lay Power that Ire IIlIoeable to tllc ac.quiJition, flbric;atiOl1, pi'OQlU1As. rcproc:asIn" lnlUporultiOI rtlnCe,lu.IIIlIiJI. alid i.Us~ cllI1IC1a.r fuclmatuial.c required for the lencl"lltlllll facilities 01 Projed FOII.I.t, .l:ndudil!.llnl1lteri to ruerv~ l.II!Ablilbfd by the Autllori1j ror &Ucla COlU relatcillC future POwer Sum Years, leu crc4itll rclatc4 to wd! CIlItI Ipplied &.I IPpfOpt'ia!.& in the 4iKretioll or the AUthority. ' , ,
<Ii) ~'PIl1IdPll1lt" shaJJ md.1l the poIhia.l JIlWivild9U which La I pal1y to thia eaDtn.ct, "Partid*
pamb'" shlU mUll IU poUlbllllbd(ybioDi ill ca Still!: or Ge.ara:la walch own and oparatc clect.dc dipn'1lllticm SYIt.cmf to ScrwJ their dtiWl:l, tnhlllltUltll u.d CUltomcn poYiclinl thcril widl e,lecuie
, pI7lRf Ind CDItl'IY aad which IIfC partidl to ~ with the Allthority lublt&nlW1)' i.n~cal to U!.£s Contract. 1'hc tm:a ".Partidpant,'" lind t.hI tI:rW "a Putldput'" or !'ucl:i Partlelpant" sblU II1CU aliY QI1C 01. the ~clpantll or cacl! 01 the: .rart.idpllltl. ~ the aIC tnay be. "Putfdput" man indudc aOJ ~,or IIlenc:y of lUck poIitk::a1 nbdiri:dml which operata or ccmdv.ctt or ac:rcisa jl1risdlc.
tica lM:r Ill)' c::sKnl.i&l fUlICtioll or the ParticIpalll" el&etdc ,4btributioll I)'Ucm. ,
, (q) "Power SlII1es Comn.ct" slIall !Il.U'II that ce:ru.in PC7W" Sa.lCI Coptract, U I:w beea hcrcl.Orore:
or _, hau&r ~ ame.a.dcd. cnl.Cfl;d. uno by tlIc: Authority 11.111:1. the PartielpilLlU is or Much I, un" er) "P!.WfCf Supply Yell" thll man the ca.ladllr fC!l. CJA:ept that tIIe.lm POW" SupplJ:Yeu shall besin 011 the cuUer of (1) the dato the: Aulbority ant pfO'Y'ida dcwic POWCl ud e:I1a'JJ' 'IIcrr.uA d". (111 tile dllte to whlc:ll all tnttrc:llt La eap!.l.lbi 0'!111111 Bands, (ill) Ihe: d.ale whichia'll rn.oraw priqr ,
to tho ute 01'1 which tho 6.rst prillcipal ,buUlJmcat Ilft auy or the: Douds i1 iI'IIt; Of (IY) '!he d.a~'OD whida
- lUI)' ~ Project Four Ccistl become ,Pa,...blc:. .
{I) "Project One" ,hall mUll UI.It project ddacd. ill SuUolI. 102(.) ollbe' PO'WCf ,Sak:s Contnlct.
(t) "Project Fou," dulll'mc:1III. those clecuic p!lc:ratJOD IIDd related tnJUmWI_ ficillllcs wbleh arc Idfl:lld4e41A !.he Dqcripdol\ or ProjllCt .Folit atUd!.cd to thii ConCnc:ll. tOI~1.kt witll (I) lilY lII1ljor renll'dli. ",!&amen.... replil1n. IdditioM. bett.m:KlltI ad Improvc,lI:u:ntl ~U1. hi the: ~ildoll ai'
. the ComuItiDa EDamcu. to keep :Project FOIL\' lit ,oad. opmtial. colldlUol'l or to pi'lrIcnt II J_ 01
. rcvuues I.hc:rell1l&. (u1 lUIy m-.ior adlSitiom. im~u. re:palr. Illd mo4i1lcatlou to Project Four or . III1ICYCrllJDctU.d IpIlC)' haYiq fUp:lpib!e 'IIiI1'w& 0II.n1 obB...*
tioD or Illi:: A'Illbmfl:7 uilml ollt o.f liB)' COllb'llct 10 wh.!ch Illc Authoril)' mIL)' Ii part,. rdatla, !O owllMSllip oll'roject FIlftI or 1.111 fadlit)'lhcreor. ('Ill) reload rud or ,addlUon&) t\ld irn,mtot}' (or uy FUCI'lIWs, facilley elf Project Four to the utent thllt II1II1dc:nt fundi lie 1IC( Ii IlIc COlt thencl.llnd (iY) wor killS ClIph.... required. b)' tJla Autboricy durlna col'IIUUC1iol'l or our lIad tor
'the ,bdl, or Pro.,ic:el Fmlf m opcn.lIOQ 11.111:1. dt.tri':I.IU)' periad therellfter 'u ml, tic ru.lIDll.IIbly reqlliced bs the dl.Icrc:tloll o( the Alldlorlty.
(1.1) ..Prn,jIIt:t Four Bi.U11lI Sl.a.tcme.tlt'* wn I'QC:U 1M wriue.n sl.a.tc.mcl'Il preJ>l.l1'4 <It caused 10 be PfC.PIfeiS monthly by the: AlltJlQrit)' that Ibd be 'Wed upon the Anlluil ProJect FOIlf Blld&c:t Of UpGll the .crru:ndlild Annllal Ploject 'FOIaf I:1l1dlct !hit .Ia.n UC7W the monthly 1IJIl000t to bel paid 1.0 tl!e
'AlIUlorlty by the Participant uader LIllI CoAtrlld. * .,
Four Oblf.atlOli Sll're'~ Ihd II1CIID. Wlth,rupect to II Pllrtfc:ipam ami al'lY PQ'i.IH:f
.I'CIIXc:t.lve percentqe: HIt [orlll ill the Sell_ut. oC Obllsatlm Shllra au.ached hcmo an4 lwt:by bsc:orporaCcd b)' rc:Ccrerliz u a put or t.b.iI CorI'Incl. or tbe Anftu&) ProJcc:t FOIlr Cosulllit ndi hrtklpllJll is obHilltlld. to pay und" 1hb CQDlrac:t. , '
(w) Tbru" s.laU mean \hat project dcftncd in Sc:ctiQII 100(s) I'll the Project T'hm Power Sala CCIIII.rad, (x) "Project ThrerI lower SalES Contnct" shan rn.e.u that c:e;rtllm Pl'Ojet Three 'Power SaI.es, Contract, U h.u bWI hUetorofe or fI'IIY lwuner be l.IDel1ded, enured hila by the Authority atll'.f Ill\';
Participant as of May I, 1910.
(y) Project T'IIO" .hall mun thu project dewied i.ft Sec:tiordOl(J) of the Pl'l'ljed Twa Power Salu Contnu:t. ' .
(z) '1'ruj'CCI Two Power'Sales Contnet" IblU meu th&t cert.&m Project Two,Powa StJa Can*
tnd, as lw ball heretofore Of ~J bmaftcr be: &mc:adcd, entered inlo by the Authority wi the r.lrticiput II of Febn.uy 1,lna. . ,'
(aa) 'Trudel'll Unllty Pnetlc::e" at a puticular lime ,ball lIleAn UJ of tbc: prw.icel. mctl1Dds and Icts C!'III Ic.il1m 01' aPP""'af by a dpl&:am pcniOl 01 the IIIIIccI.ric: uelit}' Industry prior lQ l a tUne. or aDJ ot the praetlea. mcdIods II'IIi ae\lwhlch., in !he ucrciH of rcuoMble jUdpwat'b\ I!Jlil of the f.cts moWlS al the lime the decision was mule. CCllkI \ave bN:D u~ to .lo:omplbb \.he duizcd.
fuull at the JQlllfCIt r~bIc COIl CClll6istcm with I~ 1.1IuiDw pl'lldfCM* reLIability, "tety IIlId upediliolL PrlUicnt Utility Practice it Mt 1.n~lldcd. to br: limited to tM Optimulll pn.c:tju. method Ill' act to the' aduslan of all othel'll. but nthq to be a or possible prattk:a., ~ or aCU ham, d'&e rellud {or mslltlactl.lretS' 'tIfII1"fIIDtlu re.quirc.mcnlll of lIonrltlUCatal ajenQQ or, c:ompctent jurisllietlan. h rm.tlUlUni wil.dher ally let or pl'OpclUl COlIlfI'.lfml ta Pnadat Utility Pnc>
tlce, the partiu shaD lILlce il'llo account the obJective ta aQieve o~um ullliu\ian or the Atu'hority'll rCioureel. . ' .
(bb) uSupplcmcatllUlult p~r Supply" aball mul1, with fcapcet ta a Parti~!ht portion of BIiD: Powcr SupPly reqll.i:cd by lqel:l ~pant in c:uw or thAt IUppUc4 ffat Pl'OjR'll 0iuI, Two, Three 1I114 Fcmr. Ia ~ of tbe lencn.tlnl capacil;J ~.~ tfIID:I~klll ,wc. 1c:hed1W:d.
e_I.~. or tcalJomy mtcrwqc HtVic:c, i.Dd hda olkr ,~e wociatcd. with Proje.eu OM, l'1ro, TbRc aDd Four. _. . URIas w:cu of CI\1I~t ud febLtAid ,enic:Ia of aDJ' J\ItII..re prcjcct.l owned or etlntl'Olcd. by tbe (rem "hiclI chc Participaat conln.CU ta plUdauc.lBIectric power aDd mera:Y* . '
(ee) Voetl!WOllable Fon::a" IlUau allJ caua kYood the cantnllor the A'IILlhOrity IIIIbld! by the Geniu of dlle d£Upm::IIllIe Allthodt1it IiI!.HIle (0 prC'll'~t 01 CYUCOlr.IlC, Indadiq bllt Dot limited te.
IiJlII.re or reflll.1 alaBY other'penon or catIt,. to eomply with tIlu u:b.llnJ coctracts 'llritlllhfl AlItlIcr*
ill or wIth II. PuticlpLll\ U act of God, Ike, .flood, apWoa. s!rike, ~. . putlIiUlICI; an act 01 the pub!l.c ~y. dri1lud. military nthorit, mc:il.ldiDi court orden. WUllctiou,. btl !.If'dcn of pnn melluJ apncics ,with JmlPU jIIri.1~ol1, iftlurredillll or rial, aD actor the ckl:uab. failure of equip- .
or ImibfJIty 0( I.bc AlIllIClri17 or CClDtn.d.mII t~ fa work oa Project FOItr CO abtaln or ¥Up m&ir.eml'll5 W Illqufpmcat hcr.:aua ollhc. of Ilmau QUH:III aD IUPPUu; or ~ or IDability 01 the Alilllarity !l2 .U or f.ltrue 1/;11 !loncb \'Ii' 1l0ta. .
(rid) "lh.IiIorm System. of Aecouots" !MUS tllc UII.l!Orlll System 01 A.tc:oUllti Cor aau A lind B Pa'bJk; UUIlda ud Ua:uCd-U pruaibcd Md, tl'(ltft i1me to tia:Io. u all'l£.ll&:d'or modUled at tutioa lhc:rd1X' ~dc by Uw:i Fc.deral Encru ltelulatof)' COIJIl'I:I1alom or 1/;11 WCCUIOf~
ARna.EU CERTAIN OWGAnONS OF THE Atm{OlUIY
.AND 'l"HE PA.RDaPANT S~~t!OA 1OI, kaul PRJ"' FoOl' Bud.1It. ,
ThcAIltbt.ri!y will prepare 1II11f IlUl.llwt EO the Panicip"t am Annual Projed! f'wt Budp! at b.st nbic,y d.a)'l prior 10 Ik bclifUW.llI or Qcl! Power Sup,1y YIIlIIf. TIle Puticiput I'DY tIlca obmlt to the AutbOritJ. at lI!y tim ILI'ltl1 !Ncb Budaet Is adoptcd.u)' matters of SIIUelltiOU reladq 10 wlOh Budpt
,5.
wblc;h the may cue to present. TIle AUlbofil, shall then* FP"ed with the consident.ion slid adopt\oft Budic!. lIot lUI lbaa thirty nor more tllb rOlt,..ave days prior to tIle bqlimiDa or md.! Power Supply Yur ud .han ca_ c:opies i:ll $lIcb adopted I1l1l1aet to be delivered I.C die PaniC\
~nt, proridcd.. bfiever, the ludld fM the I1l'1t Powez Suppl, Year shllll be prepucd. c:oUidCrc:d*
. ad.op!cd bd dcliYcTII:,d in the, molt practicable manner available In the ~!Kretbs 01 the Authority. A.J reqllirCl.Nrom timo to tim!: dumlbY Powc:r Supply Y1:1.1 alta' thin:y daYIL not.a to tbci hrticip1l:'lt, ,
the Al.ltliority !MYlI.dopt an ameDded AzuluJ Pl'Ojl!Ct four BudB,t:t for IJllI appUable to luc:h Yw Cor tIle rema.iDder or IIlch Yw.
&¢Oll 1112. R~.
ne Authoril1 wiU pnpare uti Issn to the \.he follOwiD. reporu uc;h tGOl'1lh of the PO'I'ier SlIwJy Ya.r; (I) Flnancialllll4 Opuati'al Statemctlt relal.in& to Four, (1) Status 'or AlmwU,PI'Ojcr;t Four IUdlcI, '
(.1) StatUI' or c:onmuction bu(faet of Four dUrinl c.ozuwctiou,
"(4) AnalyJIs of opttation.s rw.d.r.s to Four,'
SIII:1IOI3 103. IccOl'G aM 1l1C1;1MIII'!lI.
T.Itc Aulharity wiU keep aCC\l.l"lte N;CDt1h ed aCC<I'Illlta of uch of tile racUilla Project FOllt IIDd of ~ ope:raUou of !.he Alllhoril1 in ae=-data: with tIle Umfoim System .Slid lIIcCQUDUl dlail be subject I.e liD anll'llll1 lIIu.dlt by III /hm of 1Dd~ r.u1.IIcd public Il'lC!II\IDtanlJ el!pclil:Apr.d in ~ric IItilitYllc.eouGlinllllDd of .nationalrqllitalion to be mbmlttcd 10tH 'AtI'thorhy
. wllhils Ib.1y da,..lIIf\er the clDlC 01 any POWI!:'/' u. All \n.QINletlou of the Authority rtlJ.Ilnl 10 Projut FINr wfth mpect to cub Power S\lshanbc II1.Ih.ic;ct.to II.D wdit. A copy 01 the uIlWll.ud{t dI&1l be delivf.rCd I.e c:.acb Pudcfput.
Slcd. 104. Couu1t1q ,._ _TOU""
(4) TIle Authority will retain a Comulthlll &~ to lIIUist. advise ud J.1I.th tc;:cmmc:Dr.fatfol\S to the Autharit1 Oil rnattm fela~JI to elCC\ric: power IUCflltiOU. trlUmi.uiOD, ~ owly, c!octr!c utility rat"!'ll. wrla. faw'hi.Ut)' bd 'budlw and .hlll "lIM SUQ Coamliq ~
to preplre olle blKlnd and t,ruty dar- faUcwml the at: each Prnn:r Supply Year 11111
'1lllllUU c:ompr~iYe cqillectm, report with respect to Projed FouT for the immc:dla.tdy ~
Pew" Supply Year IlIId which ..lid mcludc
- report ill teuoaable d~ CD. the opcn.tiou of the Authority, mc:lutilDJ aU iiew n:qwtd b1 the BoDd RaolutiOlJ to be rtportcd upon. .
The Allthorll1l1hail ClWC I copy or mid rcpcrt t6 be ddivezed to 'each Sadlon 105. AdJ.tmat of BIlll'nJ. . '
,At Ih~ _.~ cadi Power SlIpp!y Yar,th.Aulliority Ibll detumilllll Uthe'aweple maaw2t paid',
b11..be Partfdpllllt 1l11de: .lhiI Coatnct, to Provide. le!ll)Yery of .n de ~Utlrtori!-Y'III app\k:3lble COiII3
!l011, lin), amOD£Il foulld 10 have _Ii dllMl.ItidI PflRU 81111P17 YCIIJ' \I'U lIlllie proper 1U'DOU1lf" ed, lipan the mU.I.q of suel! _~
pilld bY' the PlI\rdciPlllt in "call of dn amowac wlliA:h ~ ave beca pill.id b1 ue PutiCipullhall be c:rcdited 011 tll.e Prajcc:t FOW' BIllIaJ SbltllllWlfl to the Putidpel'lt (lit the rclfllli1.liD. manu or JllOIlW of tJic Power Supply Ye&, 1II!Xt saceecdi.aJ tl/e Pmrct Supply YIi\U COf which Sidt adjQUIlent wu dc:tU'll:l.illcd to hift heeD ll~ry. Ta(pc:r<<Al 01 the QIOlUlt 01' m.,
ddc:1uC1 JItalI hi added ED each ot the "en tCIIIIl'roje.a fmu SiBlna SLlta:IUti. ID the C"/"CIt that the railure Ill .. PmJdput CG ptly.ny LI'I'lOWlts due uDder thlll.GooU'llClIlbaI'l.ham.! rcawtcd fn the tJot! 011lIII0111111 il'l 1liiY IUVY. or worlr.inl fuad Wl4tr the Bond ~t!OD to the paymat costa (rom .11l1ch Psavl Q;f' we,ldIIl (1U1d aM t/1e other Plrtidpl.l:lU shAll tUl'fe made up tlIc ddicitillcy tlt:lud by tueh .pplic:atioll Q;f' pdd IlddltiOi'l1LllmotlnUlnto md! tllllCI'VC Of YI'Ofkinl lUnd,
,nwulllS tben:al'ter paW til the Authority by nzc:i ll.aDpIIyWll Partldpa.nt Ior app6Q111Wn lD nell dYIII paJllllIIDIJ .ball be credited 011. the Project FOIU' IUUq SlaU.lllClllJ,ol'lI~ o!.lu:r Participutll iled month or months u shU be appl'l.'lpl'iatill. *'
~ctlOI'l 206. DbPlltM MOlltWy PYoJtd FDIIf ~DliIIi Sl:&temmt.
III aLllliI any PCII:ticm of aDJ ItlOfl'Ahly PJojec\ FaW' Bruina Sb~ leoQYI:Ci by tile Participant from lb. Authority ,ball be in bona fide dispute. the Putidpull JlI1l! pi)' the Authority the full II1!1OUlli of ncb Statement, and. 1Ip::!a dctumilla Uoa al !hi correct UlO\11U, the dil!'ercncc bctwco iudl comct amDIItIt arid such lull alMISfIt, if uY. will be cmiitcd to tile put.ic:ipnt ~J tu Authority alter neh dllllermiDl.llolI.. In Ik It¥ClJt ncb Sl.IIteraent is in &pulll. tile Authority wUI &h'e ~dem.lIar.\ to such and will .1fvi.M the Partir:lplllL \!rith repN 10 llIe Authorlttl palitf£m relative tbi#to wilhia day; foUawitla VttincQ llociliCilOOll by the Plt'liciput or mcllllilputt.
101. SoBl'W or Partldpllllt'll Pa1~
The abllaatiollS of to make the plymcaU to the Authcrity ~ thlI Ccmtract shall COllltJt1Itc lencrlll Panfd,PIIIllt fer !.be pI)"tl'ICftt afwhlch !.lie &11 falth aad. c:rcdIt of tho PuddpuL ,baD bIIa. the u= henh;, iii pTedpd 11:1 prodde tb (uncIIJ fIIIlulnd to CWJll all' '
obliplioAII .amml UAder th& ConlraeL UoJcu luch pII)'lnaU Of ~ou (or Nch ,I~ ..un
~ve buD rM dll rrom the lC'fUlteJ 01 the electric 1JI!cm or thc hI1lclp.t Of from oth.e, r._ tlwRof',
the PartJdp:ut'l'lWllllJlUaiI, In c:a.ell and every IbcaI )'Ut d1lliiq !he tam at thi& Coatrut bld1lllc ill.
its, lCAcnl revenue or apjifapriadOG mcuure, wbelhu 011' not IIDY other itcmA uc: iAdudcd. I'IIm&
suJ'fir:icnt to amr, the paymm1l rtqllin:.dto be ItIIIldc ia ucll JCU by 'IlIII CocUKt etilllll pil;rmCllb l1lIiulred ulldcr thll coatrtct .uve bccn pa!d 1l1li full. I. th8 ~t r~r 1l1t;'1'IIIUQ4 uy ncb ~ (I(
apPlOpriati012 ill 1101 made f'or a lisa.! ~ aI. Partlcfpallt. ~ the chW kaI otIk:a-lif lhePirtic:!*
put shaD. i.a lI~rd~ with 1_ pr&lYfllOIll of the Act bu.frect 1.1 of the daLa 01 tills ~ let up III Q apprapriat.lolf 011 the ap::OIUll4 or thll Plllnkippil in aeli IiIal :rar tiro al'llGlmtll fClCl,IIIrc4 Co pl1 the obllllldllN caDed for IIDdcr CIlia Collfnc;;t. Thll amoue ottho appnpriaricm lu S1tdz &c:.rl)'f'lllt to nUllltth~ ablipJioM 01 thIlI CoDtract IhaIl be dIU ud paJllbie aDd w~ 'be~" Cor tba pw-poM of' p111iDlUd rncctiq the obliptiCN prawidcd ItIldcr t~ tCTIIllI ud conditioul 01 thiI CoIUrad" ud nch appropriat1O'11 s!WI ha YG the IUIC lcpt sutu .u II die Puricipmt had flldUe.l. the IlIl:lOUJlt of' tho IIppzoprl'atH>D in Its JUleIal rcveUII Of -n.roprfatloa mc&.nIJ"C.
SKdOfl 208. Balli CO'ftlJlmt.
1111: PartieiPIU:d wm Mt&blilh. .malflubi ud caltlllCt I'IIItM ud dsupa Cor (he eII::ctrie IIIln'lce ct 11..11\
,:vstem'o u to pro'l'fdc!~ nlkUat, tollBlhu with .nilable ~c I)'It.om."*"'Cio ttl CI1I.bk the fas1klpllt to pay to the Allillcrity all ~lJII.IdiIjIII)"&b1e \IIIdct thItI CoatrIct ud to pl.y all
'&mOUIlU lrom IIlId .0 /awfu.hhull8 apiut or licm Oil the rm:llllCll at Itil dee;lrio,lJIItcm. .
$c:d.IOII ,Of. Bad Ccmeun!.
The Puticipllll qn:a dial It" wiJlIlOt. without Ike I'ffiU,aI CllIIJe.Qt of Ik Authcdty. en,":
into II1iY CC1atnct panu.nt to whieh Ii UOIIUmlpt . , . - - to td:c, << 10 tab 01' PI1 f4Jr. pcI'III'U pw:llaalid from "eJect FO'lIr. F<< ~ of !.bill prClCI:iIIh, Kllllll:lel, "~pt ,...... sbalI mAtt UJ entity wh.le.h Ulllot a date, ttr.ritory. or poasc.uJOI:! of Ike Ualtlid Sblltea, Utll I>I'.Itrlct or Colum'bla.
OS' Iiii' politbJ nlld.iricfoll thcrC'Clf. I.Ild ~f~ is l2IIt ex_. from tu:IltlOll lIIIdoilf Sectloa 501 01 1M:
Inurn.' RtftlllllC. code ollll54, lUI IUnIl:JldIld. .
1
e.
ARnCI.Em
~C*POWI:R. AND 'ENERGY non:cT FOUl Sc:etiOll 301. OInImld, of Project rolU'. . . .
no Alithcrit; Will Wile htU ill scri. from ti~ to time undcr t.ba Bond lUa~I~tl.OA to .fi.nI1I1Z, acquire tmd 0.". Proltct Fou. 1'lI4 Authority will ca1.W: Ie be ddl.,cmt to the hn!eiputs the OI.ItplAt and auvic:a ot ada fdty cI Pmjcct Four ror the life: of each. .u.c:b flc:illt)', ntbjcd to m..
PIO'rbIoIlS or Sc:r:tf4lf1l 301. 301 ud :lIt hc:rcxl.
Sec:d~ 301. lDtenouecl:in It..rnmitmlllm.
The Authority. win JI'IIl'clwI! or FOride IlItb FIlcntizll capt.dt)' rcsDfYtl 1IGr'Iiec., trlmimiuicm Icma. mllbiwsUCII Icrricc. CfMiJUCY ~ cc:oDomy Illr.t.rchaqo lerric:e gil ollw I.m.c:rchan&c*
aemaJ assocIated with Prvj~ Four III INY 'be ~ lor tIIorclWllc II.lld CC<<Iom.ied I.uppl)'.of Ik output aDd "mc:ea 01 PrDjcct FOW'. The AUIic:n1tY may ue ekA:trlc: CDCflY from ProJ~ FCIW' *whldl.
in the determiutioa of the Aut!lority. Is IUrpIwI to tile n11I1iRmQ1!I 01 t.H Parddputa. ILl! CUQ surplus may be llnilablc from. timG to Cor the pu.rposc ol <<:OUflm)' intercb&ulo ~ or otlau hstm:!wllo HMca with others,. IIr:KIll.I1)' Cm:INCI rcceivcd b)' the Al!.thorily (Of UI)' Nch ,c:nb:IJ shill be credited. by tile Authority to the: AlIJII.I~ Four CcIts~
Sectfoll 303. OperaClOII 11M MaiatlltlllCll!.
Thill Authority CO'Iauts ud 1,,= !.hit it will opcnie, 1Il&in14iI'L anlllJWlAlc hojcct Fnr or c:lI.UK t.he s~ to be opct&tcd. mawtliDl:d Iud IlWIlpf waa eJlcicnt IIInd c.crouamlal macner, c:.oailitHt with,Prudent Utility Prt~. .
SeI:&A 30'" Ja.smsaa. ...
The Allthorlty &hall. mlll!ntaill or awe to be mah1lal11cd. u Com of AaI.tIlRlIollllld CouuucdoD v AnJ1l1d Prqlect Four Cosq, lIudl msu:lIInc:c 1'II'llI mpcd to Projtd FoU&' u shan b. tlYLl1s.bJ, ud III is IIIU1lly curied lIy ublitiu comlrrl:t.IDJ IIIll11i OJIUlI.lins plI**tI!'I.1 (aeiJitiu lIDd IWCh other ~
u if USUIIIUy c:mied by e1mric u.~tla Iri c:ol'llormity with 'P""lent Utility Practice. .
. Sc.c:tIH 305. CClllIII of ProJect rOlii. .
(III) The Authority wiU dd.efmlae a.IJ 01 Its CI.liIItI f"r. the output ud ..aem12:i pr<Mdcd by 1K
. Autherit)' to the. Plttk1PIl1l1t1 rdlitl.l1t to a.clI facilIty of Project Pour for Il1da Power SlIppl), Ycar. U set forth Ie theAIIl3v.ai P,ojllCt Fau.r hdpt" 1.1I'!lac IllH'I1dcd.AIlt.I'IW holed Faur Bu.dpt adopted by 11K Atltbority.pUmaAt to So;cllb 201hcrcof. ud.lIIeb CClltI ab.IJ in the "anpte be-1IIIl].\I1II1 to !.has Anrl1w ProieQ Four ~. .. .
(b} The AMu&.i Project Fov Coati lor the amUitioa lind related tr:mImi;m01:l r.cilitles of Project .FO!Jc ~all bM:lllde.th.. loIlowiq [~of.1XIrt IUl!d apmsc::. . .'.- . . . : :. ., .
(t) AnlullIl ProJcoct FoW' FIxed Charaa.,.. wbleh mCUI all' fiUd ecstIlIlloca,b.le to Fwr.
but not .limited to.: .
(At ammml.!l wllkla the Aulliority is reqllind II~ ll:Ie Bond Rcaol'lltlcm to pay err de:pasl\
illto uy (und or lec<l'I.IlIt e.stshlithc:d by the Bor!.d ,",ucil.ltiDa for the payJl.'.lQt ol'Inbt Service u.d any res~ fllll(llUcmcntJ for J l o D d s ; ' .
(I) IimOlilltl (not othU'/l'* ulI:ludcd uDder an, Item of thh SCC&D 30.5(11>>) (or th (llidD.
. of Project FoU&' which tbe A'ilthority 1'1 fe.f/.uircd \I.Ildc:r tbc Bolle! Raollldcm 10 pay or dc:pClllt dmlll.uch :Power Supply Ycsr l!)to IIIftY other /wld or 11I:iliiOUI Citl'b.Kahcd the BOI.ld '!.lII:d11.
tkm.ll'ld sllin il'ldudc, IIrltbout JlmJtlllLion. al11 such IUMUJI<<I tetI.lrcd to lip any ddddC1 ia any resuva fund Of worldna !'wid rcquin:d!.ll pe.nrUncd hI dse Bond Rc:soIl.I tion ruulWI &om II II
dc.fauJt ttl pa;ymenll by any Participant or PartIcipants of ,mollntJ due undCf its or thdr Project FolU' Power SlIlu Cc.l'IlraCli wifla the Au.thority; (C) I1l1lOuab wldch the Authority b 10 pay for tll..ltCS or paytnClllI in lieu thereof ltiributabk to Project folli; CD) BJ'l'IOII.llU wllic:.b. the A ulhorlty 1a the pl'1llvilloas of the BolId RaalUUOB to payor depodt Into II rllServe for fetlewall (E) I~Ul1t1 requited to be lInder the provIsIon.i 01 111e Bood RCiOhI*
tfou blto 11IIY (und, IcCOllnt or thereUodu to mah up for paymuu t.hererrQm to any other fund, aaoimt or ruli-ICClI1l1n ILl II ICS14lt or I.ml~KY of feveoua With fe:Jpe;i to liD)' project filllllCUi !!pifer the Bend RlISOludco ror which the hrtidpant hILI extQIted.
II COlltrict with the Authority for the OUtput lind lervices thereof. .
(F) amounts 'fl'lt\ck must bII'I let uide by !.bll Al.lthority ror the retiralent fl'Olll df!Clil'll.lllWlonbll or dbpoKl of the fadlitillS or FolU' ILl r.uy be required by tlle: DotIII RcacI'lItlon; . .
(O) ImO'lUltl which. mlLSt be paId by tbe Authority fet the plU'd.!ut: olllenuatil1l ap&city reserves Cor Project Four; IDd . . ..
, (l)' MOtha' AnDUIIi.I Project Four .. wbicb mum IU AnI1WlI Project Fcnit Oub otlc:r thin Annuli P,ojett Four Fixed Chula, but 110t Um.ite4 to:
(Al III c:lItJ of producIl1,1I4ld ddillerml ~er and. CflertY from Project Fou to tM Putii:lpants includIDI. Wi I10t limil.C:rd to, (I) Fuel Cesu and other otdlhary apcnUI.ID and D1Iliate ninC4i! CON ud JlravblOilI lot 1Uen'1I tlereror. lIubnilllnratlvc ud. SI:l1Ull alItJ. iNuna.ce ud OIItI'head CtlSlIud aA), wrlll.ll payabia by the Aldllorlty ill. ~ with'tbc output of Project
.Four. (ti) net cOlitl ct scheduled, emc:rllUlq', ccollOmy or other mtezehulC sunee inalrR:d iii)' the Aullority i:a cOIl1Icctioa with ProjllCt Fouz. ud (W) a Ibare" determined by the Aathority to be allocable to Project Foof, of all opeulioll and mamtel'+lDOll COIJU telated to the operatlolil ud condud.iD1 or this bUltlw' of tlIe AutllorityiDdudmlllllariCII. lea for.lepJ, .~ 1IDd.
atkr RMa:! ed all other ap:Mes properly related. to the conduct of the dan of the Authority; aDd. .
(B) lWOWlII reqw.c d of the or the Bond Ruoluticm to pay the:
cost of Of to provide rc.w:vea for (i) mamtenana: CI11lI kldudiDl tlIe COlts of Kbcdulcd, emerl=C:Y or other uni<;e the prtllClltiOD or c:cncedoD olUly Wll&luaJ toss or dazqe to bep the 'ac:Wdes FOlit bI ,oed opcrad. condltloD or to
/?I'r:mIl.& " - of ra'C1t'I!lelthetd'rom" tu11l11), rCllcwtlI. replacements. rcpdn. &IKI£UIIM'IS, bettr.tmuU ad tmpcnmeZib fA the of the CCIInltiq Eqbiecr. to lac:illli~ or Pltlject Fout 1ft , _ or 1.0 ptc:TCl11 a loa of n:wftua tllcrd'C'OIII.r IIJId (iii) aDy major Idditioa.e,. impmycmmtll, or Iiloclitkatlons 1(10)' mch facility. Or IWJ rc~1S, dccommiulon.inp or dbpoAla 01 auc:h 'llcility, requlfcd by 1Ii1'I1 ~'tal
&IUiCy MriDS jurisdIctiOD Oftlr PrqJcc& Four or which the Authority .hall. be rClpGwu"ble b1 virtu. of llIlyobl1Ja~1'I of the AII.!.h.mtyaddnIOlitofloycOIItnct to which thil AQtlIorlty my bII
.lit patty rclallq tc.oncnbfp or.pr:.ojC~ rev or my fadlity thtrllOf to-the QtlliDt ~t tlw A:Qcr*
. 'llY Ii DOt reSmbu.r:Md thenlf<< Iro= the of mru.flllICC or Iu&b lor auc:h pa~ an: Dot aYlilable III the Aull10nty then.!or from Oil' accounts est.llbllshecl under tM Baud Itaolu tJolI., or IUlllfs {or illleh Pll:yrQent ':1'11 l'Iat or ~o be provid ecI by the iuuanQ; of addIdo.uJ BOII:ItU ,P\Ifllu.nt to Article IV t# this l..IIrIUll'CL 5<<:t1Gft 3Of. iltd'ric Power l!'Id En'f", Pmnt!4ld II, the "'~II''''
(a> TIle Authority wllJ pforide or UIl.IIl to to the l'articipll.1lt 01.lt)7l1t ud services from Projc.et 'Fcmr Il.I.Id savku dllSerlbcd hi Scc!!oA u may be aYl\i1&blc for me udull.ile of Project fou. and $hall eolltmlle to provide Of ClIIUIC to pflNldcd to the Pllrticlput tl.l Supplc;mtl2tIJ
BIlk PoWcf Supply whldlll1a), Include, but shalt Dot be limited 1.0, plrlial and rlill rtqllifcments !inn pewer purchases, ullit pawn serr1Q1,lirm aud I'IOlifirm apaQlJ ad encrD urvia; lrmsminion ~
(includln. lunsmisJiODKl'rico p1ItchtKd by the Al.lthoril)' to supplement the Participl.nt'l E.n1i1lc meet Shllrei of' tuumiuioa scrric:e:a provlde4 by the Authority under I.hc Power SlIles Colltnct Crom.
those tnllurufticlI ')'Stem CllciI!lia included III One), lind odler mtucMale auvlce l.TWle I'Ilillible as a resqlt of trllNlletjOlUl wftJ& other It is lCCO,nlxed that the Autkority may alIo ,
ulldutaD IIdditio.aal ptojecu ill the Mum, and that the Partlaput MIIY coDtnct (or .output and
,related suwlees (rom lillY such {,dum project. ' .' ..'
, (b) The Authority mly CDI1lbhle the Arm.1 SupplC'Q\C!lb.l Costs, the Maul Prdj~~ Two Casu, the Almual Project Thea COlts, !he AAnUil Projoet Four Cali, and tho armlllll costa of IIny Iuturi project undelUid by 1lIc: Allthorft)' tor wldeh Ihe Plrticipant hu ceated III CCC1ttl~ lor tile OII.tput ud rd.atcd suvices Ihereci, for the J'IIZPOM of estlllblhllilll rites lind WrJd. or may ClItabiWIlor any of such I!I'.\iU lepan.te rata and -au. at the clin:tetioa. oralie Authority ill tither cue subiect 1.0 the prcMsions of S~ l07{a) hlirid. '
(;) In ~e event IIIy'Partidpant pJCCW'es Iitema!e bulk power' SOUfca under the provislona ot SeeuOfl 404 of the Pmr Sales Contract**lIcla PlllrticiplllC" Bulk Po....er Supply hucundu ~ha.l1 be deemed to be n011alih.u the product oIaudi Plllrt..ic.ipaln'. "EDtlu=mcnt Sb:n:, al dcbed ill lu Power Sales atCtraet. of die capaday nh!cd CUlput and auriCICS or Project ,One praridc:d by 1lIc: Authority .
unc!cr the POW" Salu Contnet multiplied by III frKtiOlil the nu.merator or which r. the sum ot the capacity relllted output and JCl"iCICS ofProjGd One pl:O¥'ided by the Authority to di 01' tho Project FIlW' Puddpa.!\1:i uQder tha Pow. sala ContndJ ))lUI tha clpacity t Ind se.rvlc.u of ProJect Two provided by the Authority to 1111 of the PuudpaQta ullder Power 5wcs CollthdJ plUl t'e ClIpac.ity rlllated OII.tpul and lenlc. or ?roject Tbrm prlWided ck Allthority to IlU ot the hrtidpanl:i uDdct the Project Thee Power Sales Conll'lcb plus the eap1u;ity Rlt.tcd output and ScnlCDII of PnlJect Four proYliied to III or tho Putic!plllJlta 1I!!d.er thIs COl1tnct, ud ~lIe denoa:liAa tor of whM, fa the sum of the apuity rdatcd outpttUlld ICrrica of 'Project Oa(proylded by the AiltlIority to IIIU of the: Four P.artlcipaDia uDder the Ptlwer Sillu Contracts.
SeedOQ 301. Rata aruJ ClIarg;1S.
(a) 1"he Authority will aubllsh lind maUl~ fm 1IIw! 1l000dbc:rim[utOf)' rates anll wbidl will praride revenlle! that U8 I'IIl!dmt. but cmIy PiJEeient, 10 PlY tile A.mIullll ProjKt F<mr Coru, whet_ or qot ludA Co:su loR cmIlb!ncd. U 8IIthorlud by ScctfOIl 306(1:1), viti.!." AAnul Prq]cct Two ,
Cam, AnnulI Project Three Casts, AJ.1I11lal Sllpplcmcllb.l Casu or tbe amaul! COStJ or any l\tturc projCCU ederuka 'by the A'I1thllrity with respect to which the P utidput flU tJtCCllt.ed 1 enatnel Cal output ud .senica then:lrom. '. :
(b) The Allthodt)' J1W1 bill the Participant "ell month du.dlll Powu Supply y~ by prmdin. the 1"IU1iciput with II ProjllCt FOllr am.w. Su.tmfellt for montb,Col'*ilI.e scmcu obUllncd by the Partldfllllt from the Authority UKt forth in Scctio.ra 301(1) henor. ;. u. IImCW'lt equal to ill portloo 01 Amlual Pnl.l= Fov Cosu detumltd in IIC~ with .I.hc ~. 01
'. Sa:dOlll )~(b) hcm'lr. $'I1cb StAI.cmCAt. shall be paJd by the Partidpallt DIll or Wore. !he lath dillY*
from the date of nell ~U. Amounta du lUIC Dot plilld by the 'anklpul oa or Wore wd day.!WI bar at! lu.iditiolld claarle of Me 1111'1 <<le-half (1 Mil>> percent smmth tOf a.ch IIDDDtIt,. or traetfon th&.n:of. WltiI the lII.Il1G"4nt due is paid In fulL At the ewd of Supply Yar. al'ijutro.CZltlI of billiDI wl! be made In lleeordaDQI with Scetioll 20S hereo£ (c) At .l1Id! lime as the Authority imes additiOllaJ Bonds ill ac:cord~ will .the- prr.!risiO"lU 01 Artfde IV lIueof. or It lUCia time as the Authority wI) have determined lblll. Project Four 0'1' III!J put thereof du.U not Ix ctlmpleted, Is not operatlnl or operable or ill output i.I ~ i.ntwuptcd, inurfered wilb. ~ or 1':Unallc:4 or I.CrI'.I:Wu.led iB wllole or in plll1 (bllt billot declared*Prqjeet Four to be: lOlIlly lind pemllulCflIly mired from lenice), 10 Authority will adj'ut sudI dc:mc:QtIJ of
. AlinuaJ Project FoUl COStlQ 111111 nec:cuuy lind the rata. lind tllarll:l,!llllAbJWw:I under S~ori 307(11)
)0
betear and the Participant 5ull JAY iii 1'bue of 5ucb djlllied ~te.'li and p1J11111U11 to t1lc prmiJiOi'll 01 Sc.rti01l lOa hCfcof.
(d) 112 the C'\'cnl that Projl:Ct FoUl should be lcrminawi before beiDI plllced il'l scO'ic:c ot shOllId.
be dcc:lucd by tht Authority to be totally 111M ~~&.Mlltly retired ft= u"iI:~ alld 110 .t'Iutwt ~
""lcc.s !.hllllerrOO1 arc beilll de.llTefCd, thu the Projc:d FOUl Obli&ation Share oC each hrtIdp&.l.lt at or the: tUnc of such tetminalloa or deel1ntiu sh!.[J be tli&t IttpcWve pcl'tQlIlP Mt tonk ill the or Sc:bedule ObIIplioa Shares IIItladled bmto; &nd. the Puticipbt Ihllll1l&Y ita Proj~ FCIW' O!lt\aJ..
lloa Shire of AaDl.ld Project .FIlUI:' Cw U 1Ib&ll be :let forth ill !.he lI.'lOilthly l?'ojcd Four BiUiDl SlatClfllllDL whlQ lohaU be sltbmitlAld by Ilc Autlmrily to ~ Pllnic:iplnt ius the allocable ctedits to tk Putii:ipall,'i ahlre of lUCia CQilU ftom fC'lI'CDIICS rauhwi from con~ 'With other ud1ltial' entered Into by the Authority pursuant to Section '" hereof, If oy. IIInd sucb paymc.o.u shl1ll1ot be aubj¢t to n::duWoll whctlw by offket or otbc:. ILIIII shU not be mUltloul upCll. the ped'ormllU'lce or IIOliperformaacc bYILDy' party ollllfl)' Ill'CGIctll for IIIllyauc .-buncr.
(e) In the event tbt i'rojer:t. iJ lotlOy 0111 or &uvice but ~u not been Ifcelared by the
. Autbcrit)' co be totlllUy Ind pmMMIIUy rcllrd (rom Se.fflc:c u provid.l:. In tlic (orcgpil1l Section 301(d), Illd the Aulbority it :ulJllbb: w p1'1Wiu Iny of the aeMots dcsCfibed iJ1 Set:Biioa 302. the ABthonly su n110lliy the Putklpu.t lad Wi PulkipUt sull PlY its Proje<< FOllr ObUption Sb.m:,
U Jet lorth ia tke Schedwe or Oblilltfon Slw'Ci atw:hed hereto. of AlIJtul Projcd. FoUt Corts; III:!
.hall k act forth iA !.be DlOllthb' PIOjoel FOW' JiUllil Statemenl wll.leh .IWI be rubmittl:d by the Alltbority 10 !he hrtkiput leu the lIIocablc: crediUl to the PuticiPllIlt'S :lUUl of IUds CIJ,tJ Crora ..
fC"eMt:II ruultllli rrola eoolnru willi Clltcrc4ll'1to by i.hcAuthority pI1mt11.nt to SectJOIl
. 311 twaoC, if l1li1)1, ffJf .0 10DI III:! well obUlia. Illd sud! P.ymelllJ .hall pOl be subject to redtaCtiolll whtkr by olrmor oth~ nd sba1I 110t be c:codi~oaal upon tJle or I1I;1QPUCOfllll.DCC byu)' party miliny ~l Cor l1lyi.:IWI: whatever.
Seedori. 301. PO'llU ~dtl.mllllt alllill.hfMll' ObtlllllitioU.
The hrUcipanllhlllllllb \he AuthorltJ OII.tpl1t ed servica
!he! Authorit, m I])e proritlo!l.ll 01 Sec:tioll tho life of ProjClrt. bued upoa tlIc rates and dJaqa Glta,IillIIW Seet.ioa 301(8) lu:;-eof, Lb, PUticiPI.!lt PlY to the Authority ilJ ponlon DC the.
Cosu. .
. (b) III lbe mnt the Autbodty Ill&IImmbincAMWII) froJed. Four CoIU ..nth o\heraxtl, ILl act rri 11:1 Section JIl6{b), for the PQrpGlle ofClIt.hllshilll rata aad charaa. tile Authority IIriIlld=tily 011
\he mol'lUl1y Project rov 1111111'11 SUtcmel11 nbmlltcd by the Authority 10 the: hrticipiu.lt that ponjO.l1l at tk r~w:II to be n.cclYd by the Avthcrit)' from the I'utIdpbl pndl.ltllCd by ,uch nata ud cbrpll lUI is .Uocable to the paymut ot the 1I:10llthly budlcted II.I.1IOIl.lrt 01 AI:uIuaI Project Four CaIIrs. Sadl portiolR.IIhU be ~cd by the Alithcrily*u*followr. Dw, U)' ~ of. Pow*
Supply Yar, tile Participant'. portIau the ftllillt.bty AD.uIW Project Fout F"w:4 c::I.!a.rJa .&all be
.\lela Cll.pa~ity NlIIetXi [enlna (ar mouth to be rc:ccived from the PutkipllJlt muldpUc:d ~ .II frad.ioD the !lWJICtI tor of wlll.!lob aball . . t.bo blldlctc:d IIImown of Atlnual Proje<< rClll>f Filled Cbrpa rot NCh month (le.d IID,Y capacity "'IIItcc1 rmmua ac:tll.aJJ)' r<<:eift'd bj Ihll Autborlty dwlq IlUcb :
Sccticn 311111:ROf) od tlIc dCllominator ofwblelt IW be 1M swa oCtu 'bwi&e'l.lll!1 I Project Foul' Fuwf for Ndl mOllth (leu UJ' a~" related
~y Lile A punllUt to S<<:tioll 3J I hlltOO. pl, buclact.ed amollal 01 Around lor slAth mouth r,"ivcd by the Authority durtallucb IIaOJlI'JI p!.IfSU Contracts), pI~ the blnl.'_ IlmollCl or AMUlll ProJIICI T_ F'a.ud molllll (leu IllY ctpadtY-Nlllited fl'fttlUII:I actually m;dnd by lhe: Authority dlIrlllll lOll IIIQl!.th plIl"lIlIm! til S~ llJ or I.k :Project Two Pewer SIla 'COl1trlllCtII), plu.s lJIe. ..alllli amOliD1 of capracilJ-rd4tcd AlmUI Supplemental 0:1111 for .ud! IMDtb. plWIJ ell. blldlt'l.ed III~ 01 GaDllcnv rdatcd- IIIUlW QIIIS cluriaS suel.! mmt" of any {"ture projutt 1.1l1cSerlllltcn by the AutllorlLy
rupc:ct 10 w);icb the Puticlplillt blU cucu!.ld I cenUlld md the: ctlIIU ofwhic:h have: been combiDcd. ror purposa 01 ~lllbli.shiq ncll PIeS I.I\dcb~&u; IlDd the: PutidpUl'1 portion of IlK: mcmthly Other Almud Project. Foul' Casu shaU be NCh CI1&rU-n1.&le4 rM:tlua rOf IlUch 'II1GIItlI to be re<<ivcd. from the PIlt1iciplllt n'll.Il1ipUcd by II bclloD the numtmOr oCwhicll sJWI be the budlle:tcd mIINJIt or Other Annul Projcd Four CQIU for nell =oath (lw aay cllern-relatcd rrrewa IlctWII11 n:c:dY1d bY.I,lIc Authority dmpllIuU molllb pun IIbI to Se:diclli ]Qlll!ld :n1 od the dcacm.laa1.Or or whiCh
,hall be the: rum ot t be IMIdletal U'UlIIl1t of Ot1Au .A.n.I:wI1 Projut r~ lUch l.'I:III:IIri.h (Ius uy mCfu-relatet rIWU!iU ac:tU,Dy rccciYed by Ibc: Authorit1 durLillfnch moDtb lIIImut. to SClI!tioaa lO;lllnd :n I bereOt). pIu.r I.H imdlctcd mOW'll,ol Olb" AntIllll Project nleG Caru for lIlel1 mOllth (las lUIy lIUIUU-rdat.c4 mAUd IlcblllUy rccdYed br tM Auth,arity dUM, mcb moDtb Pumw:lt 10 Scctlou )02 nd :n 1 !lr ... ProJc:d nrupowu Silies Contracts). PMll1e: budJ,etcd &mOUlt 010tller Az.uiuaJ'ProJcc;t Two CI'IIIIU ror web morula (laler etll\I'I1-n:latid rrYCI'lUU Ilc:tully ~d by the Audlcm, du.ri1'll &ucll montll jl1Il'I'IIut to Secliom 301 ad 311' 01 the Project, Two Power Salc:ll ContracU), plus the: IICrud U10Wlt of enalY related Annul Supp(e:mulI.ll Costs Cor Nch mcmth. plus tie: hapted amOWIt. or mau related IIJIA\UI.I CClltI'duriq .udl month or 11\,)' ful:\l.n: projcctl 1111dllftlkm ,by thj: Allltiori~ with rupect to which the PulIdpaot hu W';Q4tcd a.amnet lWel the:'
c:osl.ll of wliida hue: been coml:!illcd (or the: ptlrpOR of dbblidiialillch Rtea IlDd c:bI.rges; providc:d.
1I0WC'IU. if durinlllKb moath tile: amovalll to be: paid " tic: PUlicipallU pl.ln1illllt \0 the forqlial pt'1:IriIioN of thia ScdlClidof IlWr partJou of MOnlllly AIu:Iud,Projcc:t Fcrur .1l1xcd &lid mollthly Ol.bc:r AMul Projlil:t Four CQiI.1ll do )lot il.\ th!: a,urepte eq,uJ till! bltdleted &.mcrullbE fer lotal Mnl.lal PI'OJm 'Olil' R.xcd Cbirlea and. OWl' Almual Project Fcur o.u for Neh month las OJ rllYllA'IUa Ilctually RlCIi'lCd by the AIIUzona
- J to Sctti'ou lO2 ud U 1 her.f. the Panidpuu' ;ordol'll III ADrluJ Ic:II ud ,Otlic:r Anilulll Project Follt Coati mali be Hju&tcd pro n.U SO thait !be: sum of all 01 the: hrtieipuU'poniou 01 mouthly ,
A:uw Pro,icc:t FQuI Fbte4 Chulea III 10 adJuied aud t.IKI iI1IJ'I:I oC all cl the hrtkIputJ" pertlou o[
moath[y Othet AnIlu,l:Project Four Coau lIS m II.dl~ t!W1l'J11.ual One l\llldzc4 (l00f,) pa:ec:ni of.
the: budFtA AftauaJ PJOjc;et Four COlli for each montlil leu Uy rnenl1c:1 II.cttI.AIly rudved by the .
Authcrit1 durinlRch JIl?,nh pumllWt ttl Sectiou 302 lind 311 he.rc:of.
Sedlo. 3D', ffed,1I of llymtnU.
All pilymuU fQlll.lired 10 be made by the Particip4lnt to Ws Conln.ct atfJibutab]c to Praiect Four or to the: AnilWlI pl1)~ Four Coau Irwl plc:dled to secure lbe plymalt,of' the.
Al.lthbrltts boods.
$<<d. 318. PII,rm- II OP4111tlrcl:xpuue.
So tona udec:ufc: JlO'Hcr aDd nerD sllllll actualf1 be rea:i'lCd by II hrtJclput fn:lll1l1lll)' tac:illl)'
01: ClIIdJitiu of Projlltt four, tbc PIllIki}1llDt'a perUolI of A.mw.ai P.roJcct Fow COIIIa tIIa.11 k pid by tu ParuapUI.iI &II II CII,IlIilol' purc:hucd e1eetrie ud COUlD' tor P~p.rIt*1 electric I~ ud. U lin apense gf opcntIOI'I ud I.I.lI.i!.ItellllDCC , . , '
- Secdoa 31.1. Cnili. to AM.'" ProSed rl'lDl' CAI.bE.
, The: AUlhCrity %nAy. PUI'I~lItlt to Sc:hedull! A JIC~t**ell the OUlpul IIJId 1IIIiVk:a or ladUties iDduded ID Four to othe:r IItitida.. la add! 1lea.1.he Authority 1IlII.l' u.tW.u, 6d.L aDd t:.1tdmlle:
dct.rf.c oapacitY ud e:3etl1 (ram Projtet Feu whllllln'U. ill 111 dberctlcn. Any .ada ItnmidfOll can
.WOIIIN)' be u~ to fault hi a mort fIIlahlc 0: CCOIlOmfc:aJ IffCnU Bu.lk PCI'ftr SlIPP11 to tile PlftJdputl. 1k Illldc:lplLtt:d FOcmb rrOtll IIDY such ala Of ~1IIc:t1ooa tbaD,. to tltc UIUl' ClIW"l.te atimatod in the AMI.IIIII Pl'Ojoct f(!\lf Bud,u. IIIMlI.D1 Del fCWlWClIlllctully rccdTed Authority III lbc ruull ol,uel! ,ala or tril'luc:tioru lbll be "edited to Mtl1UJ PmJ~ Fout
AlmCILIV
'ADDmONAL BONDS Seedao 401. WlIlIEt IIf Additional 1orIa..
(a) Additioilld Bona. IN.)' be lOki and im,ed by the AudI<<it)' In aa:ctdaacc witb the: 1ln1l'UIQni of 'the Bond Resell.ltron at PlY lime lid frOID time to time in I'e: event, (or 0)' rcuoa. the: prl'Xll:c:d..I de:nyiid (,0m the: sallll of the Bondi 6nt y&lidUed pIU1l.1&OC to the: provllSoIlill or tbe Act'iIld of thii or Coul.ra!;t .daJ1 be i.l!salll.ciGilt (or th,e: JluI'pOllC of tol'llpldinl the bciUdd Prqe.et FOllr and ~lu.fal tach (acllitY ~efC.of mCommercillOperation. ' '
(b) AddiLi0rl81 S<>IIdli mil)' be loll:llnd luued by the: Autharit)' in arxordlnce: with t:hc ptO'ririOllA or the Bond Re.wil.ltioa at any time: IDd (rom ,time to tiD:.Ie in Illo event (IIAM arc fCIluired to PI)' tb.e COlt or 0) ID)' .lPajoffene:wlla. rcplil.ccm.el2tf'.irs. IIddlllOllU, bcUermcnl.ll, or Improy=e.atJ. to Project Fov lI~ary, in t1M OP~ o( tho Cocuuldo, Enlincu. to kCl'lp ~r,?i<<:t Fcrur in aOllCi OPCfllUDIII CClI:Iditioll or to pmtCl'1t a loa of fCftl'lIlU tberefrom.-(h,) 110), major IdditiOJd.Unpl'Onme:uu, re:pairs. or modJlaliou to ProJc.d or u)' ntlrcmeats; 4~nh:Ip ~ dhpoIala of Projed FOW' rC4uin:d b)' IIIr)' 1000~tal ISency bllin, jurildletioll 0'fU Project Four or (CIt wbkh the:
AuthoritY ,bD ~ l1IIpOUible: br 'ffrNc or 0)' ob\fpdQII 01 the Authority Ilk,lq IIUt u)' C9Qtfllct or to whlch tbe Authorit)' IDAY be: a puty rdlltiq to!lW1lCflhip of ProJect FOW' or my fldUty thud. or (iii) reload fll.el Of IdditiOl1llI (ud !II'fe:all3ry (or u.cb (acOiI)' orprtliect FOW' m Power Supply Yeu to the extCl'1t that .iulldeslt (lIAds are not aV1Ulable illl aay ruer'lU ata'blLabed by Authority far Fuel CClltI; proYldod. h~. that 'I'l.O neh IddillollIl BCIIda mil)' be wlud (OC' Illi plJrp<I5l11 or ad.dina addluoau ~en.tiq tIIIitJ to Projcc:t Four. .
AIY such addltlQUI BODdI shall be secured by wipmeol ~ a.\I pa,m.enU attributable to PnlJcct CIiII' to tl:Ie Arulual Project rOW' Co.m to be I!l&de in 11lCO~ with CIt' plImWIt to the pnMdons 01 tIWI Ccntnct.IDd 11.1. OllIcr Project FC\Ir Pl'M'Cf Sdcs Coatnll:ts, ILl I'I.I.dI P&JIIICIIU may be mCf1!UaI u.d utclldcd by fcuoa of ~II .II.ACII o(such additional Boada. wlI'!.u:h addlllOlilal Bomll mAy be IIlI'I'lCII ia amOUl'lD &ullldqt to pay me full unount of ndI coati md .uIBdcI.'It to PfOYIde.Adl fCIIIIrWU rcuoubly de~ by ile AlItl\ority 113 be dc:sInb1lll. A:1y nda addidcu1 Bowfa I.uued fa with the ~ tI:W or 401llnd i<<W'ed by usipme.D1 DI pA)'mP1.II to be IUAde. iD ~ with the provWCIIIJI of Sectlou. ma'1 rJ,nk put pun U to the seoulty or ILIIOrd ed by th proriIio1'lS ollhia Coal.ract &ad ill ol.ha Project Fcnir Power SlIu Ccntnc:tll ~
the Aumonty ud tile ParticipaDts rdatiq to .Project Four qd to the balilllC8 01. Boadl therdor with all bond.i tIIe.relolorc Imed pumtal2t to and ICCIIfed in laordal'.lcc willi the proviliou of this COIIIaI:t.
Stc:dllll 402. hsull'Ici! or RdllZldln, BClCliI&.
In the a'C1It the A.rlllul Project P'<<Ir Colts to f1Il'wicq,UlIlI of electric'power u4 eneqy from, PlOjcet Fow be ndaeed by lbe rdizzut.lcll o( allY of the belli tho ouuual!ldm, or mtim cftt't,il r.haU otllcl"lriR adw.ntqc:ou. J. the . _ of the A.1Itharit1, tD 1'1Ifud 0)' ~ th. Allthority Pl'II1 wile III.I:Id ICD rel\mdiq Boad.II to **~ by uslpmc.nt of dJ ~tla ttrflluu.blc to Projcd Four or to th J\.nmIal Projea F.our CClilIlI to tic DIll_ fA .oeor~ 'lfith or pamlUt to dUl provlsbu at!.hil Conl.llll:l ud aU other Project nut Power SaId COI:ltractJ. Aal.4= rc:~ Boodlllnfd
'. IIc=rdOa. wltIl the p~ ot thll Section ud l41;Urc:d bl lUlia_a.t of Iudi IML;rmatI may rW pari III tc:I tht HCUlty afforded by the ~III of tldai Cclltnact ud of III ot.!I.e:r Pro~ FIN:'
1'_ CCIIlIrllc:t& .lItem thllAlJtbul'hy aDd tile Puuaputl rt1a.UDI to ProJoct Four ud. tho WIWICe of Boo!; threltlll' willlalJ bondl tlteietoiore 1ulW! pUrlUl:lt to II.IId ICCtI.I"c:d m.~
wl.l.lltbe prcMriOllll oll..!.lh COIlU'llct.
SKlloa 403. AdJll:llrllHslt of Annal PI'OJed Four Celu..
, In the 'C'f'CIlt the proceeds duiwd (fOlD tIM uJe 01 1.11}' Bollda er.cu.d tb.a IJlfCP!e amouut
"""fled (Ot tile puJPOKI (CIt wlic:b .uc.b Boa were lsalled. till UIIOW1t of' ,lIeIa' c..:u:aa ~
- uod to mlkc.&lP Iny ddldc:l'le}' thelll c:JIbtil3lla oy fuad tIII'.JlCC01iI1It uader tile Bood ReialutiOl:l mthe: mUlhU U
- e. *
\budD ptmided. ud IllY bllance ,hall be wed to retire. by pUlcbue 01' flll.and ~edcrtlpllol'l Bonda itA or ad'lll.lCC mAtlirily. and in SlIch oeat the Authority win reduce sud! d=1:1I11 of AIUlWll ProjeCt Four Cosu ILl aAl neeus&rylll'ld appropriate to nflect wtillla::clultcd retIrement.
AllDCl.!Y DEFAULT Sutfq sIU. E.,.t tir Deflult.
Flilllrt of the 'artk.iplflf to make 10 Ille:: AIII~y lily cJ the pA~nts lor wruc&. ill made in this Contn." sblU comtlbltc'l cleflult (In thc part of the Paliidpant. ,
Scdiau.5()l. Contln*
- 01111'1110.... Rlclit to DbcQclll'luS.mC&.
hi. the event 01 any lUck dd'i ult.. thePutieiput s~1I. not be rdkvc.d of its tia billty for pa )'Mcut of the amO'lUlCi ill delalilt. lDd. the Autborily .uU uve the claM to rec:cvu hem. the PaEtidput amO'lUlt in ddault. III ea.fofCemeat of I1I'IY such riallloi~, the Authority wy bM, uy IILction. or pfQQ:edml ID law or III .11:1, lndudUlI l'Ilu4tn1111 ud action lor spedk ped~ u INIY be I:\I!lCCUlILry or IILppropriate to eaforee any CO'Yt2IIIl.Ic. l,lreel'1!.Clit or obUIIILlIOD 10 lUke paymel1t lor
..bkl pnmdon iJ malic in thiJ Cl'llllnd. aphs, the Putidput. ud tbt Authority l'Il&1,'Up<In ab.ty da)'lllritll'lllllOd'ce to Ile Participut, aue: ud dbl::tmtinue Pro'lid.i.aII'lit'Vi(4C under this, Contract. .
Seedw sOJ. Ln1 or Till fOf P.~at.
'I.a the C'lel:lt cJ .fUcl1 dd'ault IIr tllc Plllfddput, the Participant ,haD provide for Ile USCUITll:Il.t ud co1IcctiOll of III Ultlu.ll:u mullelnt to proTide ~ annually to mab aU paJlDCll.U due under the pl'Odlio'lll ol t.ltiI Collfn.ct ill eadI JW O'IU the l~ or the Iifi.l at t.ltiI Cruitn.Cl ud the Aulhori&y!!hidt have ill!: ript Ie briq lOY nit. a.cUm Qr proc:Wiiq ~ l.I.'I\' or iD equity. lnc1l1.d!:D.I , '
muda.mu and. actlcm COl' $JlCCiflc perfl'lrmance. to caroreO the WUlmmt i.nd coUa:dO!i ol,a caDtmIl 101 direct ~ In "POll &II tile lu'lIbk property witIiia th<< bowu:l&ri.. I'If ddli Partldpat ,~t h~ UI1p\1.11t to pro'ride fIIcl1 fIItll!i annwy hi uc41 yr..r of the of the liCe of tllkl Contmt.
SectiOIl ~04. 9blilllll!ou'S1:!ua of Dd'allltiq l"DddpuL Iza the gem of II. i!.cllll.Ilt by I Ilbij bteomc: liabk IQr the &l"GIIW 01 (i) ill n:spcr:tlve PrcJ&et foUl' ill the Sdl&dvJe oJ Obliptioo Slwa bue.oC. 01. AAnul Project Four Corbo phil aU m.hcr l.I:lIQII.l:IU chic *Cf lIWl Camut by sud! defalllt iq ~,ul., or (10 iu pa:ymem Qbliptiol'll.llllSor Sect1(11'1 ]Ollluccl. UlcS dian ~ 110 Uablcfor JO blU luch dtlllLlJ1t ~1Ic:a.,l.nd lm1J] all ncb UIlOImCi are plld. '
Sed:fO'D 505. 0tbIIr Dod.alt b)' PBrifdput.
'11\ th& c.Yut Dr a fall\ll'c or t.h& PutJdpuit 1.0 alllblilb, IlImLlii.ll. OT col. fI.'teII Dr cbrlCil atcqUI ta to prim'.: n'Ycnuu1.I.tl.id:nt truu We: the Putldpaat to pLy all M:lClllllti duo tc tile Atltbority WIder !hIi CDntract or bl lhA out o1a raDure or Ill. Pvtieipu,t 10 lab from die Autboriqr ifll Bulk
- ~ SI:I9Ply 1a accordance with the ~ oflhl,'Cootnct. or ia.the C'ICJlt of uy dd'.ult by the '
hrtl~ 1U14er* IIDY other eo_lilt,. Il'I'"lMIlt or ClbtilllltM.m*ct tld.c Coatn.ct. may 11m. Uf _ action. Of pRCccdJa.ln In,or iD Clfait)'.lndudm, !IIiulI!.amWl,lnjuDctl'on ror Jpc:dIc ,ufl'll'l'.!lllllce. U IDly 'lie ~~ry or approprilte 1.0 enforce 1111 COft!lllllt. I!II'~t I'll'.
ObllptlOlll of tllia Contract apiMt the Participilll. '
SHtlolI..506. Dcl.lllt ill" Alltliodcy. .
In the nut or uy delau)t by tl!ic A\lthority ViI4c.r IllIY CO'i~ant. IlI.l'Hmc.ut or chli,lUo.n of ~
O;lIltract. the PuUd,.at may b:lPllll11lult, << p~ Ui law Of hi equity, hll::h1dilll ma4&mw. £njw:Icdol'lo ud action for spdlic It may 'be a~ Of appropriate to enforce uy COYCZQt, apeemc.ut. or cllqat.ioll Contnc:t "aiul llIe Authcrity. '
14
e.
Sulioll 511. AbudoMlcnt of Ilemtd,.
In ClSe IIl1 pl"ClCeediq !.A~en 1II'I1l:W!l.'It of 11.11)' dcl'auH shll.H hne b&e.n discol'lIil'lllcd III IlDaDdcooi for uy rdlllOllo the. parties to &lie proclUldinp .ull hi: ral.!'ll1:d to t'lllcir fDl'!.IIIIr pIl11tlOl'lll IUld riJb!.A or hUC11ddcr. respecllvely, and all rillllu, n:mcdw. poRn. nd dutIes '!.lIe Au!.hOtity Ind the PvtId
'Plllt .hall continua ~ !MUP rio 11111:11 prxCldlAp bad beta !.AWl. . .. .
. . Amo:.EVl ,
MISCELLANEous GENiJUL PllOVISIONS SedioD 61U. CIllflll::tU lIIi ~onl1n1l1ty of SlU'fICIl.
<II> ne Auaborlty EWI)' tem,pDwlly Interrupt or rcdl,lCC dcU,Ienca or dccuic caal))' to the Paalci*
'pllllt it the A\lthoritJ dctlrn;dna that slIch io.tctntptio.ll Of re4UcUoD II M~t)' Sa CUCI of
. emup.uciel or in <<au to blstaU eqw'llW:lt CD or WIlt!: "'pain to or rcplacenmlS, b'fu!:ia,ticma. IIJId i!lspet:tloll.l ot or to !Rrform other ml4f1tmll1lCC werle OIl lIS lerw1Lc1oG or tra~oD C&dlJtla &.nd related apparatusd.. A&r Wcrmin, the Puticipanf. ",prdtnl MY 1Iu.ch planJd inlunlpUon or re.ductiOlll" "villi tile ru.so~ thetcl'or. IIJlIhtltilll tu probable ill.Ifl t\on thc:reof. t'b. Auth.oriry will to llIc. bat of ilS l&llity ichcdWc well raunuptiora or Rdllctil'll'l It a tlmCl which ri1 CIlIISe tho Jast ll'ltcrtc:nll<< with the operaliolU or!.lIe lllrtlcfplIIlJ. . .
(b) 'l'he A\lthoritylhaJ1 no( be required. to prmdc, 01 be liable lor f.nUl'e to prorid.e. lenicc ul1dor ltd. Contract Whcllludilal.lllrc or the <::caIII.iOl or eQrtlilmen~ of 01 mtwc.zClll:C wi(b ilc KrYL:e' is c&uc by UnconlroUlllbie Forces or, with mpcQ tD tile lerricu to bel prarided. tor Sllptlemutd Bulk Po.... SI&Ppll. it C&\\.Ied by die (anwc or rdlMl or Ul' othu bulk per npp\lcr to et\ttf into rc.uoublc: c:o~tradS witli!he Authority or by the fDlbility allhc Authority to obtdD 1.IIl' feq!:ilrcd IO¥CfI1l:I\ul&lIPPrOYlia to cub" the Authoritl to :tC1luire or an,. (adUtia.
Se.:tion'fG1. MeUm,.
- <II> ~ 'AullJ.ority resenu the riaht to provide rOt il\S~ of meten lad will provide 6r ClIIH to be protiIW al1l11ccu&uy melllrilSa erquipll\lftt lor dlilfllln:t1Wq the qlludty lI.micowt.fcml of the
.IIFP.!y of clc:ctric pcwc:r uli CMfI)' dd.hved by tile AuthoritYl.l:lldcr tbi& Cmtnct; proYl", hOWc:i'fCf.
tlI&l 'tlI& Pat1ldpI.Qt mal' at it1l own COlt il1ltd alldltioul mctcMI eqllipoKl'1t to pnMdc I r:bl:dt on tllal or the A.I.ILhority. ne Particfpu.t IIWllllpPly lIIitJumt COlt to the Autbcrity I. I1.dtII.bl.e place for knalUpI tho A>>llIority'. meterlq cqu.ipmellt.' ,
(b) U uy mCUlr used (or biUiq taIlI to rt&.lmt or k (QWtd (0 be w.ccW'll.!.. 1hc .A'IId!crit)' ah&I.1 repair Of rcplaccld ou:w or C:&1lM it to bel rcp&imi Of rcpIa~ I.IIIi IlI'I .ppropialJl blUml ~ be millie 10 the ParliciplLllt by tbe Authority bUCll UpciIIII the bat inI'ormadol.lln.UAble for the pcri04.1lOt
~q mty days; durlq whIdIllIO I'uwml 1:IIX1Ilrc4. Any meter t,ated. u4f~ to bill I:I<lC 1IIOrt:
- thalll twO pm::c;>t ahowe os below !lOnna! shall tic _i~ aClC'lU'luolNOfu lIS comacllcm of hia.m.P ill COlICIltUod.. II. II I fatlft ot 8l1ytat. a mew is [C8Dd !Q ,qiatct in UCCIIIU or two pcraIIt llhelve Oil' below !I.QI'1'.\'lIIJ UlQ I.k radinl of suell meter prmowly tllba tor blllm. ~ WJI be com:cted. for
!lie pe:dod duriq which It La catablbbcd the I.I.1Ctcr \lfU inII.~lI~ bllt no c~ dal.l be m,adc tOl W period bc)'Ol1ld !!ixt, daJl prior to the da~ oa w~an ~c:cur"Cf Is ~~ ~y,~dl u::s:- ' '.
Sdo. 'G3, POIfIl' DtlinJfM.
. Po_1I1111 WVI)' furnisbed. to the: Pank:ipint WIder this Contract .luLl1 be in IJla form. of thn:c phuc c:arTUiI.. l1ternatit!1 Ie I rrcqllaic;y of Ip~tdy60 Hutt. '
.Stcdolll 4D4, 1Jah1ll1.r of Pmies.
Th .Authority aDd die Putldput sball.mlme tbU*mpon.s'rtriUty IUIII liability ror Ill!! ~te IIIIIICC IIJld upuadca o( tbcir fCllp<<uW: propenlCIIllld _1b&lJ I.odcmrill'y II!'! save Ium:al_ tha other from il1ltabiUt)' and UpeAlIC OlllCCOIIZIt of lillY and &Il da.mqa. etaiml. or act.!Ml. kdl1d.hla bijl.lfY to or duUi 01 pel'JOl'll &fill1l, hom IDl !let or 1IQ:id.W ID COllMctiOD with lhc IJ.uuJIlltkll'lo ptac.rlec.
IS
mliDt~nc.a Ind operation at the property lllCS equipment 01 Uc inde.m1liJ'yiag party .Dd !lOl caUKd in wllolo or hi put by the ncaJlacacc 01 Qle other party; prowldc4 thlt illY liability wbicb 11 incurred by Uc Autlority tbroulla tile Opcntiol ud IIIlintCDUCII of Project Foar Iud DOt cmved, or Dot covcccd
,u8lcle:ollJ. by lnntlllCl Iha~ be pa.id Iolely from the mt:IllICl of the Authority. lAd IDY payments mado by the Authorit.J to a:atlafy IlIc:1ll!abiHty WU ~me part of the AnIlUll. Project Four Budll:! ..
-S~dol 60S. Other Tums ad CaDdJda~
Service hereuodcr.O be i.a IceordlDCC with IIlCIl other terma and COJUIiliom u are cal&lIl1shed ai part of the AuLklrity'l acrYicc rvlcI and recul&tiou, whieh shall Aat be inccruisteot with the proYidcmi o! thiI 0:11 tract. '
Section 606. A,Ul(lllllUit or CotItrad.
(a) Ibis Omtnc:t shall i.lIlirc to tbe: bcncAt 01 and .ball be binclilil upClIl th rapcctlvc SDCCCSlOrJ and wip oft1!e partica to thiJ Colllra~providcd, hoftYer, that QUJlt u pnMdcd ill the eYc;Ilt ola dcf&1I1l, &.ad. except ror tho IUip.mcot by the AuUlmty alltllorU.ecl hereby, nc.ither this Con,ratt nor Illy lntefl:lt huciJI abll hI,!J'UIfcmd or ud.Md by' either party' hereto u:ccpt wit,b the cazuent in
..mIlD, of Ule oilier party 'bcrtter. pto'ffckd, !IoWCftf. thlt a~c~ COZIScnt aRlI nat be wttlLhe14 WUUIOIl ablY. No auilDl11Cllt tzr trllllfcr of thia Contract _baU relieve tho putica ohay oblfptioa hcrcua.der.
(b) The Puticiput atkaowlcd,CI and IIfCCI that the Aullority may asdp IJld plcdle to the Trwtec dcalPtcd ill uy Suppl.cmatal Pro~ FeU Power Revalue Band llqajutiOa, all its tiabt, title, ud IotuCit l.D ud to all S-1UICIUi to be made to the Alltharfty under tlae prOnsioDi 01 thia Contract attrilnlubk to Projo;t Foar or to the AmluJ Project Four COltiu lecurity for 'the paymut .
'of the prI.1ldpal (lDctwfln1 llal:fna .fuDd bdtallmelltl) ,of., aud pr=d~, \C any, ADd lntuat on all Bondi. and, upoa Ille ueculloil a(.uc:h ualpmcnt md plc:dle. JUch Trustee Iball !layc all'l'i&ba alld remedies huein prtwidcd to tlIoAuthorlty, and Iny rc!CRGCC herem to the Alltharity ,ball be d~
wltJI the lIcc:esurycHDla i4 dctall, to IDdude IUch TnitIM which 111&11 be. thin party bGdlcluy 01 tlIe C:OVeDlDtJ. and qrecmenll of th& Parllc:ipaJltl bCrQlI CIOIItalacd. '
, Sectloa '07. TermlAaUoa or AlacDdlDlllt of Coatratl.
. Ca) TIll. Caatrac;l gall cot be t£nniaatcd by .Ither put} ullliar Iny ctr~ wbether bued
,upOn the delalllt or ~ othc!t party ulldu thIs Contract or an1 other ~1trUDIct1t or cthcrwbe cxc:cpt U
.apccillc:alIy pl'O'tfdcd" tbb CoDtn,c:t. '
(b) TIW Contract !ballllOt 1M IlIWIdod, JDOdiaICl, cw othcnvae al~ed in LIly mAIlII<<r that will
.dvmcl1 .!feet tbe aeevrfry lor the Band! alfordcd by tile ,PrOriJIOIlS 01 tbJa CoBtrICt COYatiDI Lbe purclluc &lid JaIo otpowcr hucui!dcr llpoA which the Otrll&rl lrom time to tlmo ot-ili. Bollcla IlIaiI ha....
'. relied II 10 .lnduccmcat to purchuc llllllto1d tlIc Boudl. So 10111 .. any oIl1Ao BoII~ In! 01ltltaJldbll. '
or WId! adoqute pnittsioaa lor the P')1IlC4t thcrca( have ba:1l mado ill a¢l:O~ with 1110 pi-17riakiDa .
of the Bodd llcao/ulloa, tkiI eo.tract aball oot lie ameadcd. rnodi!ed. or othcrtrlao .Iltend in I6f ClallJlCr which will reduce tho paymqta pkdlc4 II &ccarity for tile Bod. or cxtCllll tile \lma. at such PlymCDt1 pnlYidcd lIcreiD or wJl1ch Will Us In1 l!II.a.ner impAir or uvenoly alfect the nshU 01 tile or ownut Irum tllIIc to tinle the BondI. '
(c) *111 the evut (i) lhc Autllorlty dDa oot acquire ~eaddi~OD&1 intcratl la VOJcle UDiu Numbcn One ADd Two u idaatifiad 1A the Dcacrip'doll of Project Four or (il) aU or ~e ~dJlUU wblch haYe cn1cmi into Power SalcI CC!ltraa. *wiUl the ""thoney .haU have JIOt CIl&erd into Con
~actl nhltanc.llUy Idcntic:&l to thk COJllract for the outpQt &lid aervlco 01 Project Four, tlsea !hII CODtntt &hall tel1l\lnate Ind ndthu putJ ah&ll have lilY further Oahu or oblfaatiou hc:muwJer.
16
... ~.
AltTICLEVll
.Sccli~ 701. Se,c:rabUlty*
ot
. Ia cue u:t one or mare of th& proviaiol!.S thII Colltncllhllllot by rc&ICIl be held to be meld or mnlid by I court or campcteJlt jlUlsdlc1loll, It II the inteatioll of cacho01 the pinlca hereto thalllldl illcsal1t1 ar lavafidltJ lbalr AIlt a!'cct lay othl:r prorblcA hcrccl, but t~ C9atnct ,ian be IXIllllnled and ularccd u It I1ICl D1cpJ ar innlld P'~ bd. not bca ClQIItIiDcd br:n!a, U\d *thlI CClllIICt Ib,U be construed to adopt. but DOC to l:lllatac upcm. ail tlIc IppUcablc ~ rI IUd Ac:t. ~ all the applicable prorisions ot the' Conadllltiall Uld ,=Cflltaws aC Gcorafa, ud.. illJl1 pTCl'lltiOna hereof con.ftJc1 witlllJl)' appOcabil provWOII 01 uld CoastIllIdara or IaWl. ~Ita It&t U I.dcp1cd II)' the Iqid,
. ture IJId u interpreted by die cOlIna or thlI Ilate aball pre'flll in liell or Illy pmialoa hcrW In coa&ct at nOt ill batmollY tJauewitl. .
11
, IN WITJIIESS WHEREOf.!l_ MllAitipd Ekct.ri.: Authority of Gc:orJI. lIu c.;ut;d thb Con
'\TIU;~ to biI cua<:.norll bI hOI COI'J"II'nIOt ""'_by ;qatu.ay 1IIII,"eri-' ,!,i.I5oad .ftd. 1>>, ti\. ~do" hateof'it is IIctRCI'llltcdpd tbtpymuus . . ullcScr this COftb1lCl mIIy be :wIped., ILl providod ia ~
. 606{,b) bereof.. by the Authority to the Tl'\!Stec to be: dcsipaled ia lay SuppJc.mu.ta1 Project four PG'6V KC"iaae ~ Res.ahIuOlS lilt ICCIoIrh.,. for IlMr peymml of all Bcmds of t.ha Autboriry. ILl xl fardz in did ScctiCltl'l 606(11) ami 1be AutlJJOri&1 hq c::uI'.KJlI iU.eorpcmalC sal 10 be hcfftllto imprcued IUld auatcd: ~c I'Inldpialllu e.uucd tJm ~tnBa 10 be ~ [hi CIOl'pCnle UN bJ !u,.duJy m autborb.&d dIk:c:rs 1I11d Iu eorpnU sallo be IIC1'C13l1to impr=u.4 l1li4 Ilu::su:d. ad ddi'my bad..,
the A lullGria, ut Ih Plrtldpll:ll Is hen:by acbolldedllcd. aLt II or tit, day and year ftm 1IbcM.:. 'III1i1lm.
MUNtCIPAl:.*ELECTIUC AUTHORITY OfOEORGIA II
DiSOUPIlON OF PROJttr F01.J.l1 The (IlCli!.iCS of Projel;t Fou, .ballllc the. foUowIns:
A lin percent I,Indhidcd intefest In the: t'liO JISO MWe mulmlllll rated lluaUl BCllenlliq umU to 110 mOd u lb. AlYiD W. VOlile N~,"r tlnitll, NwnM OK aDd Twa fUldbidul1;1 clmpa&M u VOltle Unit No.1 &lid VOltIe Unit No, 1 ami cclkaively.desipatd U Plot VOltle) to l:.!G ICIaI\ed nUl: WaJDtlboro lit BUlb: Count)'. Georgill.,tadudlalfor aUch IIIIItI (i) lud dcillat4ldllld dacribI:d I:a Georgia Power Compuy Mlp fildd...*l. to be recorded b& tile ~ of tho Clerk or tho 5upcrlgr Court of Bub COWIty. Occ&-zia IIU aU JAIII! rlahtl pcrl.llJcllll (U) the ZI'fdCU}lllWCr radarS, the tUl'blrllll"pDutr.tOfJ, the bulldiAp h<Jll..lblalhc sll.lZAt" the II~ ud Clf.Uipmcct, and the rebated I.r&namiuioD facilitia aU u mOre pet1.ku meed.
m'llnb lhf-RtD. by tlIli GeorJi.l. POWI:.l' COIl.1PPY 'biforc . btNI'lI.
S0-414 'and So-*US- lad thO Prelimilw1 s.rcf1 Andrs& Repan. IJ'.IIIt ~lZtl1.hCl'Otn" whl.eb ccutltokol 1\ part of auch Appl.iutlou. aM. (UO 1n~!!lII"iu of mahrlalf. PlfPu.. &01" 'toa!a ud cq.wpmcatll for u.so In i:oM~oll1lrlth Pla.pt Votde. "
- 0' SCHEDULE OF OBUGAnON SHARES The Project four Obliaation Sbarq or the Annual Project Four COl ti, which iDd1uSe llli cart. or the umces pltMded b, tlIe Aulbority In .tc<<~ witll the proYisioQl oJ Sccdolil 30la.n.d lOS or the CQntrlCt, .baU Car each Partidl'LDt be that mpcetiYe Prclect Four Obli.ldoo Sh.lI set forth lA t~c foUowia. tchcdulc:: . .
~ . .
rr.Joctr_*
o~
SlIm
. ~
~.r:::
SI.aN
'A4d ...*........ , ............ . 1.16.... 0ri!\A ............ ... ......... . 2.9S~
Alban! *. : ** ; *. . : . *.- ......... . 10.10"' HoaalllYill~ . ... ............... . 0.296 BarDCaYillc .. * * .. .. . .. .. *.. . .... . 0.41:1 Jackson *. : . . * ,. , .*.*..***... * . . 0.49~
BhbJ' ....... . ..... . ......... . 0.114 LlFa)'etlO .*.*..*. *..****..... . l.615 BrWOD**.****.. " ** , , *. **** . ** 0,03] LaGnna* . . .* . .*....*. . .* *.... 3.lJ3 Bufbrd .******.***.. * ***.**.**. 0..570 La wrC2lCftilJc ...**.* , ***
- 0 * * *** 21tH Cairo ........................ . 1.7'] MlI1IIdd . *. , ...*...*. *.*..*..* 0.071 C&I.boan ......', ...... ;....... .. 1.110 . MarHtta ..*..**....*****. , ..*. 11.161 Cam1ll& .......... .... ....... .. 1.09] Moaroe ....*.**. **..* .**.. **. . lA61 CartciTrilIc ............ ;..... .. S.lOl Moatlc:ello .*.*.***.****.*. : *.** 0.-405 CoIle,- Park . . . . " . : ..... . .... . 7.107 Mclld.trie............... .. ...... . 3.070 CCJIII,JD.GtC.I ........... " " I * * * * * * ,. *
- 0.641 Ncw-Da.a .. .. '" **..*.*.** . ..... 1.605 CO¥fn&toa ..... , .. '" ..... . ..... . 1.69;f NOI'ClClq *******.*********** ** ** 0.&46 .
Crilp Coury.................. . 3.431 Ptlmstto ... . .......*. . .*. . .. . * ().J31 Doerun : ... .. .. . .......... . , *. '*.*** 0.119 QultmalI. ...................... . 0.634 Daualu ..................... .. Ul.5 Sa -adarnilla . . . . . . . . . . . . . * . . . .. . 0.1&0
&at Point .......... .......... .. 1.019 1!J1Iatoa ......... . ............ . 1.358 S,Mnia ...*...*. **. * .... , .... . . 3.llS SJl wal.cf ..*..*.. . .**. . *. . ..*.. 0~19
- EDa'fiI1e ....... ... ............ . 0.307 nam&Jl.cIl ***.********* * **.***
- 1.121
-t~~ .
. FaIrbula ............. : ..... .:** ' .
Pltqen14 *.. . . .. . , .. . .. . , .... , ThClllD&ftille...... : ..... . ; ** , ... 43.59 Forsyth~ :. '. . .... . .....'.......... . ' 0,9J4 W~ . ..............*. . *.. 1.059 Fort V&.Ucy .......... , ........ . U6-4 WC6I. PlSiDt**.****.***.**** * .*** . 0.426 .
GnulhIlo ........... .. ....... . . 0.013 ' WhIibam-. .* . . . . *. *........ :... --lli!
Total ...*.. '" ..** * .*.****. lOO.OOO~
~ .
. sonmUUA. .
The Alilborit),.1n ~ccorda1\cc whl! tbe proV\iionJ cI Secti0ll311 01 the Cllltllct arulnbjccttD the prom\OIU or tho ,aJYin W. VOltle Nuclear Units Numbcn o~ ,114 T- PlucJwc, ~dlllllllt.
Aalpma\ .Dd AuumptidD A~t. dated u of NonlllbCI- 1S, 11113. batwUS\ OcQrp ~
CoIll~IlY and tbo Aalliority.lntencb to sdIl PartlOIi 01 the OIItplit Ind ICmcca or 1lIc Project four to Georail }lOwer Company in lCcorcfuct with the tollawina Icbcdulc:: '.
A.. AJ 10 1I.Q~ oIlhe output woclatcd willa tb Authorit(1 Prclect Four. ruch iale. ,tiall be ....
C~:
'-s.,,!rY" 1b&l PCllIIoD or 1M Power SUJlPly Y,.
llemawOl Alter the Commciclal Opc.n.tion Dat& of .. Vail or hOitct FoIU .
f\nt Full Power Supply Ycar fon~ eommuciaJ <?pcrttion Dlt£ SO.OS SecGllci FIll Power SUf~y Year FoDowlq Coauncrda uperalloli Dtt£ 31.5'11
!bIrd Full Pcnnat SuppCy Yea' collowfn, CollUZlerdAJ OpcratioD Dat£ ]1..5'11 fcnutll Full POWlr SIppi, Year Follow, Commercial OpendCll n,te
~FuUhw"Su~yY" Fo1Io1rlq Ccmmcrda1 .Opcra.tioa Diu S~ ' FUllloWtZ SuPJllY 'Yev .
FoDowiq CommcrQa1 ()pcrali~ Dlte .
SIi~tJa FiaU Puwcr SuppIJ YUf .
FoIlowfnI C~ OpcratJoD Date 12.5Ji
. B. iu to Mil 01 tlIo OIItputwociatcd wi~ tho Aathorictl, ptoJect Foar, I1Ich aaIa to OI:Ol'JfI .
POWtr Complll1 ah&Jl be c.quallD I~ 01 th~ oUtput and .cmc;a bc~ willa the CoQmlCidal OJlCratfmt date of_ Ualt oI7rajcct 'ov and COAtirlilaJ lQIdl lba ODd cI U. fO\1r1GaltJIlv.D Power SIiPply.YlU roUawiq the }'Qwu Supply Yw ill. wilkJa 1M CommudaI Optratioll.al mdI Ulit 0CCIU1.
- c. A.I to 1405,. 01 tile 01ltput usodItcd with tile AuihorttYs 1'J-aj1;Cl Foar, aacla _lei iii Gaor~
Power CoIII,Ul)' dsall be equal to 10015 alibI output and s.:rnca b~ wltla Uua Commcn:IaI OpcnUClil claw of a UAll 01 PrajCCl 'our IJId ahaU coa.tJ2ille lIQtfI the later CO oo:u of (I) rear_"' dC NCb UDlI,OC' (U) th.!ISt co occur of th.1atest date It&te4 f<< Lbe paymllDt oItlw prindpeJ otBoadi or of prorisfoa bciq mad- r~ such. paymut ~ .ccordaJMz with ~1l' 1201 of tM. .BciJd Rc.aIutlan. .
. ' . -D.. Uc cmbuiJuDul oj tlIo rorc.oillC IChcdeJc Is *DollDladc.d to I1mlt tile power or till Authorirr IBlltcli ill Sec:tIoa.lll to ,ellu4 ~ha.ale powu' ~ UI"., from PnljKt Four. .
21
PIOJEX:.".r RXlR PtH1l SAI.m <XJNnW."l'
~
~ EW:nUC ~oClP GfC9A MIl
'Dm I1M:GSI<MD PARl"ICIP~
This First ;';'ndment of: :erojacO~ Four ~ ~ :~traet:,
IMde aM ent~!!d into u of Jamazy 1,0 1986, b)I ~ betwen the ~cl pal Electric J\lithorlty of Georgia, a. public body oorporate and p:>l.itic o 0 0
~ a p..1b11c coxpJratioo of the Stat... of Georgia, herein&!hr Soree titllllS referred to as the hJt:hcr.lty, created by the provIsions of I Ga.
L. 1975, p. 107., as ISITe.Ildld ITItle ~6-J-lI0 o.e.G.*A.) , . and the under signed poUt.l.C8.l. &Ub11vislon of tile State of Georgia, ha.re1naftar sate
- I * *
- o *
~II ~19n&t:e4 ~o the .hrUc:~p&nt *
. \of I T N B 9 S B T H:
B~ .It remembered that a project PcUx ~ ~ O:lnt.ract,
. dated as of November 16, 1913, has been executed pravloualy by IUld between _.the ~llthorlty
- and.. otha* Part!c!plint, °i1Jld
~, the- City of Oxfonl ("Oxford" ~ which has prt\vioudy received .l t.s whol.esa*le power a~'pply frCl!ll the City ¢ CovillgtM has r~ted to l:leocna a Part:ie!pAnt; and
- W8EJU!"AS t 1t 11 JJl-the best. inte.rl!5ta *of the Author! ty , the Part.lc:.1pallt~ &n4 Oxtord for Oxford to be~ Ii PartJ.cipent ~ the
- eJ!IIQlt~on of a Project. Four ~ Sales Q)nt.n,(;t.
lor and in coneideration of the And tba mut.ulll cO'I18llant:s Mil aqreenientl set. fortb, the sufUcrancy ot which Is hU'lI!!by IIlckncwledged, it, is aqrtl2d by aDd ba~ tba parl.lM hereto that. saf.d c:mmct b hueby ~ as foll.a\olrs:
'lti.e. Is hereby Ilu,tlnrized to ent,er into
, a project ";ur Powe~ Sales Conl:.r~ with Oxford .sub1stMt..faUr the fom of .Project. Four Power Sales' COlltract' with. such chl!'l9U1 All '
may be required to such contract a~p1ic:ablG to arid tM Aut.hority is. further authorized to provide to Oxfor4' outpu~ and aervices'of project FOur in accordance with such ~tiact, and to provide that. Oxford's Obligation Share of proj4ct Pour '.ball be a.lilt.
Thb Partldp.l.l1t agrt!!flll;S. to ~. cbl1glllbl!r.i far its tW.i Obligation Shcue W'lthc.:lut dmucUol1 for the P~D .rllta pOrtion'
'assigned by the ~utho:lty'to Oxford: ProvIded, however, that the l4thor,1ty hexeby agrees that. it:. will ,take all tle~:uSl.iy a.ction to
~nfo:rce. the payment of i l l sums dUe by Oxford for Its ~li9'At.1on Share, and th!s Pa~tielpant 'shall receLve cradlt tor its rata
&hA.re of such peI~ts.
'Ihu. pirst ~t .b4ll ~ effect.!...... whetI aucb. ~t has .~ ~ by h;r;ticl.pantl whose 1965 'l'ran~- .
siol'll End 1:.leaIe.nt. Shares rep:esent, ill the aggregate', not: leas tban 75' of. the total '.n:an:n.islillon EnUt1lt1'Mnt Sharu for 1985:
JilrcNided. however, that the Authodty /fay mWte serv!Ce to ~ natro act!.... to JalIWU'y 1, 1.986.
e,
- IN WITH~ HBEm!OP,. the Jobnlc1pal Electric Author!. ty of
~r91a and the Plr~iclpant have* caused ~bis rlrst Amendment of Contl:act. to be elQ!Olte3. 11\ . their t:.'OIplnte. MII1!S by' theb: duly autmr
~%ad ofUcus and their cerporate seals to be hereu~to impressed and a~t.ested, all as of the date and ~ear first ahove~~ttBI.
llCW[I ( I WMm, ~ Nm r.na:r
. CCH1ISS;ICllRR! or TBB crrr ag ~
AMENDMENT TO POWER SALES CONTRACTS BEfWEEN MUNICIPAL EI..EC1ltIC . . ANDAlJT1IORfIY OF OEOROIA THE UNDERSIQNED PARTICIPANT This Amendment (1bis ..~ is.made and entered into., of January 1....
200S' by and ~ the Municipal Ekcuic A~, of Gccqia,. apubUc ~Y ccrporate aDd poUtic' and a public ~n of the Stzdc Of Gecqi.a. hereinafter.
~ re!arcd to 41 the Authcri1y, cn;aIcd by the pmvisicms of 19?5 Gqqia Laws 107, &,I ameaded (O.CGA § 46-3-110, et seq.), UJd tho undenignt:d ,poJirial subdivision oflbe State of Cieorsi!I. bcreioaft<< ~ deslpded &'I the ParticiPIat WITNESSETH:
WHEREAS. tho A~ md !he ParticipeDt entered into a Power Sales CoBt:mct dued as of Octot. I, 1975, a Fint A~ d.m:d IS of Matt.b I, 1976,
- Sec:oDi AmcDdmeot dakd as of May 25, 1m, i Thbd Amendment dated as ofFebruar11, 19711.
a FOUI1h .Amendment dated as of May ]. 1910. a f"lMI. Ameodme:ot dmd as ofNoveoUlc:r
- 16. 1983. a 51Xth Amendment dated as of January I. ]986, and,a Sew:nth AmrsvfmeM datal U ofMay 31. 1989 ~ "Projec:t One PoW Sales Coutraet"); aDd WHEREAs, tho Authority IIDd tho PerticipaD1 t:Iltcn:d inIo a Pawer- Sale. c:oxm.ct
'd eed sa of Fdmwy I, 1978,
- First ~cndmart dmd U ofMay 1. 1980, and a Secopd AmaxlmCDl cImd as of JlDuary I, 1986 (bcreinafta- "Project 1Wo Power s.Ies
~;and :
AYUIII,...,...."
- WHEREAS. the ADtbority aDd the Participant eutcrcd into a Power Sales Contnct dated
- oCMay 1. 1980. aDd. rUst.Amc:DdmeDt dated u of lmu.ry I, 1986 ~
"Project Thrco ~~ SIlca ~; and WHER.BA.S. tho Ambority ad tho participant cctered into a Power S~ Contn.ct clued u of Novanber '16, 1913 and
- FiDt Ameodme:Dl dated. 81 DC JIIDD8lY I, 1986
, (h~ "PXojcd Foor POwa' S " c~'); IIDd WHEREAS. tba Authority IIDd th~ Partiapw ~ to cxteod tho tcui1 of !Jlo Project Oao Power Sales Contnct. tho Project Two PO'WU Salca <Attrad. the Project
'I1fto P01¥cr Sales Contr¥t met tbct Project Four Power Salce Comnct (bereinaftr:r aomc:timca refemd to ooUCICtivcly u th1s "Powar .Sa1es Cootracta") to the maximum period allowed by law; and .
WHEREAS. tho Autbcrity hat detetmined that it wiD DOt 1!XtaId' e:rutinj geac:ntiOll debt, but exc1uctiq cmtmg debt peatainiJlg to ~ c8pital .md nuclear ..",jt fuel woddDs ...... debt c:a:uponmU, be~nd 1ho wltiD& tc:n:n oC ~ Powei' SaItII.
CootnW;~ .
WHBRP.AS. die AIJIhori!y IDd tbc Participant wiIh to proVide for a metbod oC allocatian oC the 0IIfpD( md .nice. IUd costa rcJatmg to Project Two. Project Three 8dd Project Four foe 'tho pariod of the tam II:lttCDIion of the Power S " ~ pertaining to lOCh PtojCda U wdl u providing b !Ill ammdmcm 10 the Schedulo of Obligation Shaa pertaIDin& to Project Faur.
NOW THBREFORE, fOr IUd in consicb'8tion of tho preiIliJea aDd mutuJ coWlDUltl aDd aB"'=1Il1I beraiDa11cr. set forth. mi in ordu 10 provide fir CCI'tIiD
-2
cbau&cs jq the Po1ftf' Salet CoDtrlCtl, it is aarce4 by and between the Ausbority 8Dcl the ParticiplD! that tha tmns ofrha Power SalOl CoIltrad dW1 be Imc:nclod U tollcnn:
Secdoa I. ExtuISOil uI fl' Term o' tile Power SaJa c..... c:a.
The Authority IUd ilia *ParticipIIDl.bc:n:by emnd tho lc:ml of tho Pawa' Salta CoDfnMiU .. (onowa: .
(a) 1bG tc::oD of the Project OM Powa' Salca ~ is hen:by c:xU:oded fioo:I March 1. ~ 'DI1fiJ 1UJ20 1, 2954 (bm:ina.fter. "Project ODe Term
~l'eriadj.
(b) Tho tCOD of tho Project Two P~ SaleI Com:ract ia hereby cxtr.Dded fJ:aD FcbmaJy 1, 2028 WdiJ,IUDIt I, ~0!54 (bereiDa1la' "Project Two Tc:rm P..x1maioo Periodj.
(c) Tho tam
- of tho Project Thn:o Power SaJca CoDtracti.a~y c:rteaded from. ~y I, 2D30 until II11lt1 J. 2054 ~ '"Project 'I'bJco- TCtD Ext.emiOI1 Period"),
(d) Tho tcuD of 1ba Project Four PoWeI' SaJea Contnd. i8 badly c:rt~ fttm November' 16. 2033 ami) llID: I, 2054 (hereinafter "Project FOW' Trnn
&tcmi0ll Pariod"),
ScctIoIl 1.. AlJneDOD of Project bo. ProF Ilpp md PlPim Four.
(a) Pmiecl Two Al1ogrign.
Scc::tion 308(a) of t.bo Project 'IWo Power Salc8 Coa1nct ablipa tho ADthority to provide to eecb Pmject Two ParticiplDl, md. obligaie. NCb. PudcipIat to, laD ftom tho Authority, the oUCpulIOd scmc:cs ofPmjoct Two baled upoo 1110 ralellIDd
~ Cltabl.lahed by tho- AuthorltyPumunt to Section 301(1) of the Project 1Wo POYic:r
-3 AnAlIIl_1
lV.Io Term BxteaWoo P.aiod 1M output IIIDd KlVicct aod ClOIIt8 of Project Two abaJl bo allocakd to CIdl PIojec::t Two,Particips.nt bucd llpODll pc:n:eotap derived by divid1q tJw tolal paym.cII1I ~ by C!ICh Proj.cd Two Participam for debt I!a'IIice and b capiiaI colts do:riq tho c:miIdy of the odpw term of the Project Two Pfter SUN Ccntmr:t.
adj'aa1cd to ~ value. divided by tho total paymc:tl1l ~ by all Pro]ec::t Two Participlmtll fOr debt ~C8 md espiIal ccsU ,_ !he entiIcty of the origiml term of the Project Two ~ SalaI CoIlI.ract. alao IId.fu*d to praeDt vahle ~ Project Two Biliin& Share:J"). 1'be Present "duo calcWadcm au 'be bIWd upon II. dl8count .
factor CIql.IIIl to _die 'lllll:igb!ed aVerap iDtCI"cA C?Od of debt rcl.td:i.'Dg to Project Two tho m:rtirety of the oripl t.m ofPftiject Two.
(b) Pmjod -DDt AllAm Sect.it>n 30B(a) of the Project 'l"bree POW<< SII. Coa.fnIct ~ the AUIhodty to provide to each Projec::t Tb:ree Pcticiplmt., siDd obliptflll mt:h Participant to take frnmlbD~.. the OlJtput aDd IillCrYica of PNjec:t 'l'bnI:I baed QpQIllbl:l.ndellWd c:barp em.bliabcd by the Autbcrity pttmlIJd to Sedioo 307(11) of the Projec:t 'I'hree Power Salea commt. 'I'ho Alrtbority Imd 1M PerticipImt benby ~ tbJ,t during thD Project 'Il:In:Ioa Ta:m ~lI'II hriod the 0'WpUi IIII:Id se.tvica mil ~ of ProJea 1".I:rme IIhaU 'be alloetll.fled to e:IIIIC.b Projea 1':brec PIIltie:ipa:m hued IJPOD a pen::e:ntIIp derived by .
dfYidiDa !he Iolal paymcmm made by I:I<lIICb P'I:o,jfld 'lbrce ParticipImt h dek Mn'ico mut fbr eapitaJ c:osta ~ tbe e.atirdy of tbe orizinaJ fmm of !.he Project 1'hne Powa- SaJea COOInc:.t, ad,fUltoll w ~ val." divided by the total pl.)'mI:'.IIfII made by aD Project
'I'Jne Pl1Iicipmtl fur debt 1ICrY.ie.c am "Pita} COIt.I tbr the entirety of the arigiDaI tu:m of
- 4*
l'b.roa Bi1I.ins ShIRa"). l'bcl prosalt "alwI cakulation shall be bMd upon a &count
~ equal to Ibe ava.. weIpted imc:Rd cost of debt rdatiDg to Project 'l'f.ueo d&:tiq the e&:rtircty of the oripw. tam of Project 'l1:ttee.
(e) ProiectfowABocatism.
Section 308(1.) of the Project Four POWII!I. Sales Comn.ct oblipfCI !be Ambori.ty to provide to each Project Fou Pl'¢cipw:lt. and obUpi1:DS AICb. ParddpmC to 1ab fi'ODl the Alttbority. tho ouq,u.t mi ~ of Project FOUf beJiied upoD abe rat:os and chapa e:sbblDhed by the Audlority pll'mlIm.l to Section 307(1.) of da Pl'oja::t Four Power ~es Comnct. 'l1:I.a ADthori.tY and the PlIrlicipam he.n:by IplCI tf:uIt durlni the Proj=1 Four Tam. P.xtm:IIIion Paiod the output and ~ aDd 0IDIs of Project Foor m.n be ~ to each Project FOW' Pm:ticipw bued. upon It ~ &rived by dividinB !he total pJj'Dl~ made by each Projed Four Puticipmt _ debt scnic:e md for COIf.lI dmin& tha c:oI:irety of the oripw b:mI of tho Proje.r1 Four p~ Salt!:l
.flIIdor equal to tile RVeII'qe wdjJbted ~ cost of debt relating to PnUcct Pour during the emirety of the originaJ IeI:m ofPloject Rlw.
AddiI:kmaUy, ~e ~ cf:N~ 16. 2033. whicb it tho e:xpimiaa date of tho oripw term oltho PmJIId Foar Power Sa./e; <::.ontnct. the Schedu10 of P::cjact Foor
ObUpdon ShareI BbaJl be lmC'.:Ilded co thit each Project Fow PlIrlidpant'. Obupl:ion Shac WU be equal., IIGCh Plldidpmlt', Project FoW' .8illms Sha1I.
Sectkmi 3. The A.othorlty 'be:rcby asreea d:ud it an DDt cxta1d tho tam. of.IIQY
~ ~ debt, m:cluIive of cxisUna debt pcrtainmg to wod:ing ~. sad nuclear fUd ~ carpi1a1 debt compoII.IIQf.9, beyond tilt .e:.nowiq d.iJa: exidfns Pmjrd ODe pendou debt dW1 DIli be ~ beytui MImb 1. 2026: ex.i.dinI Project Two ~ debt sball*lIOl be ~ berytmd February 1. 2028; e:r:iSting Pmjrd
'l.brecI dfibt shaD not be ~ beyond May J. 2030; Il:IId e::dsting Project Fow ~on debtlbU DOt be ~ beyond No...c::m.ba' 16, 2033.
SedIoa ... The Power Sal. CoQtndI as ~ ~ shall tonti.tme in emu and IIIllS rea1finned by the pmUC1II. Te:m:I.I DOt defined hcn:in are to bede.fined as in tbo Power SalC1ll Cm!rllcl:S;
&edfoD!. 'I'b.iI.Amtmdmrtd duIlJ become effective wbm duly ~ed I'IDIl executed IIDd dctivend by the Pa:tdcipam. md when ~ ami d~ by d:Ia Anthorily. T.be Amhority wW only flXllCll.tfI ad d.cliver the Ame:ndmmt ..hal it baa d.etomfned Ihd the .A.mendrnePt ~ dmiIar weodmeDQ bava bee:a duly c::Xocnted aod
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IN WlTNESS WHEREOF, the Municipal Electric Authority of Georgia has clWsed this Amendment to be executed in ita cotporate name by its duly a.u(horized officers and.. the Authority has caused *its corporate sell to be h~unto impressed and attested; the Participant h.as caused this Amendment \0 be executed in its corporate name by its duly authorized officers and the corporate seal to be horcunto imprascd and alte$ted, and delivery haeof by tho Authority to the Participant is hc:rcby aclcnowlcdged.
all oflhe date BUd year first above wrillen.
MUNICIPAL ELECllUC AUnIORITY OF GEORGIA Attested:
By. }=:!. k~-
[SEAL] .
PARTICIPANT:
CITV OF ADEL
." {Sl:!AL] ,
-7
"~IIII""'.1
Vogtle Electric Generating Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 50.75(f)(1>>
Enclosure 4 City of Dalton, Georgia Response
Dalton
~
UTILITIES Docket Nos.: 50-424 50-425 U. S. Nuclear Regulatory Commission ATTN : Document Control Desk Washington, D.C. 20555 Vogtle Electric Generating 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. Accordingly, Dalton Utilities (Dalton) hereby submits the enclosed information in accordance with 10 CFR 50.75(f)(1) for operating licenses NPF-68 and NPF-81 issued forVogtle Electric Generating Plant Units 1 and 2, respectively. Southern Nuclear Operating Company, as the operating licensee and as an agent for the owners of the Vogtle Electric Generating 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 of the VogtJe Electric Generating 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 NPF-68 and NPF-81.
Please advise if you have any questions or comments regarding the information provided herein.
Respectfully submitted, ILWW Enclosure 1200 V.D. Parrott, Jr. Parkway " P,O. Box 869 ~ Dalton, GA 30722 *t 706.278.1313
- 706.278.7230 Fax " www,dutil.com j)ptiLil1K What is POSSIBLE:
Enclosure Vogtle Electric Generating Plant Dalton Utilities Ownership Percentage - 1.6%
10 CFR 50.75(f)(1) Requirement Unit 1 Unit 2 1 The NRC minimum decommissioning estimate,
$8,201,0002 $8,201,000 2
pursuant to 10 CFR 50.75(b) and (c). 1 2 The amount accumulated at the end of the $8,219,325 $7,836,146 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). Attachment 1 Attachment 1 4 The assumptions used regarding:
(a) rates of escalation in decommissioning 2.41% 2.41%
costs; (b) rates of earnings on decommissioning 3.70% 3.70%
funds; (c) real rate of return; and 1.29% 1.29%
(d) rates of other factors used in funding N/A N/A projections.
5 Any contracts upon which the licensee is relying None None 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 amount is based on NUREG-1307, Rev. 15, for the burial factor (Option 2) and the June 30, 2012 BLS data for labor and energy. Use of June 30, 2012 BLS data best correlates with the July 1,2012, burial costs used for determination of the burial escalation factor described in NUREG-1307, Rev. 15.
The Water, Light and Sinking Fund Commission of The City of Dalton, GA D/B/A Dalton Utilities Nuclear Decommissioning Funds Investment Balances December 31,2012 Morlilan Stanley ~formerl~ Bank of New York) Mor~an Stanle~ {formerl~ Wachovia Bank) Total Funds Carrying ValuE Market Value Par Value Carrying ValUE; Market Value Ear Value Carrvin~Value MarkeLValue Par Value Plant Hatch Unit 1 9,597,401 11,864,561 12,718,000 4,687,524 6,134,982 5,918,179 14,284,925 17,999,543 18,636,179 Unit 2 9,870,304 11,584,651 12,249,000 4,820,814 5,990,244 5,699,935 14,691,118 17,574,895 17,948,935 Total 19,467,705 23,449;2 12 24,967,000 9 , 508,~3~ 12,125,226 11,618,113 28~6,043 35,574,438 36,585,113 Plant Vogtle Unit 1 5,587,494 5,417,842 5,608,000 2,729,022 2,801,483 2,609,620 8,316,516 8,219,325 8,217,620 Unit 2 5,171,025 5,165,267 5,171,000 2,525,611 2,670,880 2,406,267 7,696,636 7,836,146 7,577,267 Total 10,758,519 10,583,1 09 10,779,000 5,254,633 5,472,362 5,015,887 16,013,152_ 16,055,471 15,794,887 Grand Total 30,226,224 34,032,321 35,746,000 14,762,972 17,597,588 16,634,000 44,989,196 51,629,909 52,380,000