NL-15-0581, Vogtle, Units 1 and 2 - Municipal Electric Authority of Georgia Response on Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))
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Vogtle Electric Generating Plant, Units 1 & 2 Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))
Enclosure 3 Municipal Electric Authority of Georgia Response 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(fi(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, 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 CER 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 Enclosure Municipal Electric Authority of Georgia 1470 Riveredge Parkway NW Atlanta, Georgia 30328-464v0 1-800-333-MEAG 770-563-0300 Fax 770-953-3141 Enclosure Vogtle Electric Generating Plant Municipal Electric Authority of Georgia Ownership Percentage
-22.7%10 CFR 50.75(f)(1)
Requirement Unit I Unit 2 1 The NRC minimum decommissioning estimate, $1,4,0 11,4,0 pursuant to 10 CFR 50.75(b) and (c). $175,002$754002 2 The amount accumulated at the end of the $104,777,876
$98,930,918 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 3.60% 3.60%costs;(b) rates of earnings on decommissioning funds; 5.60% 5.60%(c) real rate of return; and 2.00% 2.00%(d) rates of other factors used in funding None None projections.
5 Any contracts upon which the licensee is relying 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 fAny material changes to trust agreements.
None None NOTES: SThe 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-1 307, Rev. 15, for the burial factor (Option 2) and the December 2014 BLS data for labor and energy.
Attachment 1 Schedule of the Annual Amounts Remaining to be Collected MEAG POWER Decommissioning Funding Plan Nuclear Decommissioning Fund -Vogtle 1 (Dollars in thousands)
Calendar Year 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 Balance at Beg,. of Year (A)Contributions (1)(B)Interest Earnings (C)Less: Fees 104,778 110,414 116,222 122,212 128,394 134,778 141,375 148,196 155,254 162,563 170,134 177,983 186,125 194,576 203,353 212,473 221,955 231,819 242,085 252,776 263,915 275,525 287,630 300,260 313,442 327,208 341,580 356,600 372,302 388,725 405,908 423,891 442,719 5,798 5,976 6,162 6,360 6,567 6,786 7,017 7,261 7,518 7,789 8,074 8,376 8,693 9,028 9,381 9,754 10,146 10,560 10,997 11,457 11,942 12,454 12,994 13,563 14,162 14,795 15,461 16,164 16,905 17,686 18,510 19,379 1,697 (162)(167)(172)(178)(184)(190)(196)(203)(210)(217)(225)(234)(242)(252)(261)(271)(282)(294)(306)(318)(332)(349)(364)(380)(397)(423)(441)(461)(482)(504)(527)(551)(48)Balance at End of Year (E)104,778 110,414 116,222 122,212 128,394 134,778 141,375 148,196 155,254 162,563 170,134 177,983 186,125 194,576 203,353 212,473 221,955 231,819 242,085 252,776 263,915 275,525 287,630 300,260 313,442 327,208 341,580 356,600 372,302 388,725 405,908 423,891 442,719 444,367 Total-349,413 (9,824)Options: Level Payments Footnotes:
(1) -Based on the current funding levels and decommissioning forecast, the decommissioningcontributions for Vogtle Unit One are being suspended.
Date: 3/5/2015; Time: 8:41 PM MEAG POWER Decommissioning Funding Plan Nuclear Decommissioning Fund -Vogfle 2 (Dollars in thousands)
Calendar Year 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 Balance at Becg. of Year Contributions (1)(A) (B)interest Earnings (C)Less: Fees 98,931 104,256 109,752 115,427 121,291 127,354 133,629 140,124 146,854 153,831 161,068 168,578 176,379 184,484 192,911 201,676 210,800 220,300 230,199 240,516 251,275 262,501 274,215 286,446 299,224 312,578 326,531 341,124 356,391 372,369 389,098 406,617 424,970 444,202 464,361 5,479 5,654 5,838 6,033 6,238 6,454 6,683 6,923 7,177 7,444 7,726 8,024 8,337 8,668 9,017 9,385 9,772 10,181 10,612 11,067 11,546 12,052 12,584 13,146 13,739 14,363 15,021 15,715 16,447 17,219 18,032 18,890 19,795 20,749 3,634 (153)(158)(163)(169)(174)(180)(187)(193)(200)(208)(215)(224)(232)(241)(251)(261)(272)(283)(295)(307)(321)(338)(353)(368)(385)(410O)(429)(448)(469)(490)(513)(537)(562)(590)(108)Balance at End of Year (E)98,931 104,256 109,752 115,427 121,291 127,354 133,629 140,124 146,854 153,831 161,068 168,578 176,379 184,484 192,911 201,676 210,800 220,300 230,199 240,516 251,275 262,501 274,215 286,446 299,224 312,578 326,531 341,124 356,391 372,369 389,098 406,617 424,970 444,202 464,361 467,887 Total-379,645 (10,689)Options: Level Payments (1).- Based on the current funding levels and decommissioning forecast, the decommissioning contributions for Vogtle Unit Two are being suspended.
Date: 3/5/'2015; Time: 8:41 PM Attachment 2 Vogtle Electric Generating Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors -2015 Submittal Project One Power Sales Agreement POWER SALES CONITRACT 3.twuae 2WUCpAtL AUTHOIUTY OP, GEORGIA CITY 0F This Contzact, made and entered tnto ss of Octbe 1, 393, and the Mgnlclpul Ehe-trl--
Authority of Georria £ public corporatea nti and. a pub. !c* carporatfon at the Sta~ts of eorgia bueinater soineUna dafanatd a. the A.uthorlt, cruat..8 in' the proiiiim /.i GL Z. 1975, p. 107, ui mmeide and .CITY OF* po~litaJsbd sli~luon of thu Statte of Georgia 1 herelnaftar son~itinms dedsignatod Li the ear.
TH*THAT:the! Particr..pan hum. nieud for ecnnomlcllMl , 60trce of Ulecfrk" ~power and macru to meet the gr'owing demands of its suaomslon sad has duta-mlne&, to ptuchase such eleckic power and emerj~a from rusouros 'owned, control]ad, or p ureihued: !,ythe Autozt7, and WKEREAS, the Autl'ority wilU talc. or caus to be ta~cn all etepi necma to ecure soch grovernmental permits, Humenus. and approlials as are necessary for, mnd wlU then pro ceda apgropvlate with final duilgrn, finandaig and enqufalon or eoazutou of those IadUleu herein described cud designated math. Poject far the supplyF of alebchd poe and enca-rn to'the Paat~dpaat and to mUl politica mubdlvlmlonze.contbadlng with thu Autm'.Sty therdor, ad wl 8uli thu output cud ,ervismf.i hfac/llitapuzmzat to this Cont-act and to coatracts eubdat~aaala Idfenticl to th 'with othur po1Jti.sl audvtl designted together .wrt t.he Particdpant u the Partidyarti.
and, *In additio, to the salt to the Partcipants of the output and aerwica of the"Project, the Authority will also obtainu and pr-ovide to the Pu.idcpaut.
the supilezental .Eu*.* PFwr Siupply, as hazelnafter din-ed, andIn order to enable the Autlhorty to issue its re'venue beads to pint the costs of acquldagl cud cnns.ructng the Prialect I Is necemzy'for the :Authority to hav Wandingr conltrcti with mach pOlitica subdivisions of the Stalt of Goorit 4s may determine, puranant to attthority of[ I Ga .L lY1, p,. 107, am amnded, to contruact with the Authort, anud all p8a,-*.mente required to lae meade In accordanc with the provisons of .4rele III of ouch conbtcta,[neludini payments required to be nude under ArUtirle U! o this Contract, and all other pey.meats attrdhuoable to the ar to the Annual Project Cosa, a.m heretnaftlt defined, t@ he made In accoerdance or purLsuanzt to any" othr provisin of Contract anti sqch other.onb'ad/s shl be pledged es secur.ty for the suc Ro Hadls I NOW Jar and in conlde~ration of the premisem led tha mutual covenants end aspeemeJuts here-melter aet foy'th, and in arder io pay the Authority far its costi af praviding (I) the Parti.Enllthman Share, em hereinafter" daflnid, of the outpot atd carriet of Lac Ucfl]t of thu Projetc an (li) the PartUcpant's Suppltnental Ru~k Power Supplyrt lt I agreed by an beZWinn the pa.tlu hereto ma :follows: ARTZCL I ThRf 'OF CONTIL&CT, DEFInITI.NS Sctie. 10L Term...Tuter of limi Co tLa s h a U btl an ib Contrat shal conuilutat a binding' ga~on of thu partie hereto from and after ith by the list party to em~cuit the-cme.m The oblflration at the Authority to prawide Electric powe and erier87 under thu'pro-visions of thu Contrect shall begin with the firat Issuanose med deitvery by sal Atuthorit~y'of
,7 ofY It la'3nds whc arm atuthorbzed to bei fissed by thu provisdons of I Ga. L. p. 101, a. amended, or, In the event zwtam of the Authorrty ar limesd In anticipation of tha Issuane.of Bands, such obligaten ehall begin with the istuance andl delivery of ouch bond notes. The term of this Contract shai coatinei In full foce Sad efect suntl such time, not e.areding fifty yarn, m ac of the Authority's as herln~aflr'defined o noata isured In antidlpmtiou of the ismuanna of Rands and the Interest thereon hew. been paid or prniiaon for payamet dshll have been made In accordance with bhe provhisons of the Bon[ Resolution.
- or until such time as the Project aba!! be ret~red from'aarvia decommissimoed, or ditoaed of br tim. Authorty whlcewv~r Is later.'"*--
As usemlhiertin:*
..(a) "*AeLt habll mean that certain Act of the 1975 suesso Of the Geeral 1,Assembly of the Stats of Georgia compiledl end publishedl In I Ga. L 1118, p. 107, 55 the sumehs been~ hers-tofore'or may. be hereafter seaededi.*" (b) "Arnuad Project Coats" mean, ruspect to a Powrer Sopply' Te.ar, to the'aT,.taut not psid as a part of the Costs of Acuulaltln aud Cane buction. aU cosha and expenses of thu Authority paid by thu Authority for mach Of the generating faclitim and thetrn -elon ryitem faciltio comprising thu Preflect during each Poster Suppl~y Y'a- aUoeablt to the Project Ind uding, but nat liaited to, Uthos ite.-us of cost and expense rfarerd" to In 0aot~on 108(b) Cc), hereof,, u Annual Project Generation
$F.xed Charles, O0lwsr Annual Project Gene~rsatn Costa, Ann~ual Project Treasmission Fised Charges, and Other Annual Project Tra aznu Cosat. ** C4) "Minus)l Supplemntantl Costa" shall mersa the.ots a nd expens. of th Authority allocable to the pure.imulng or fu~rnishing of Supplemeatl Bulk Power Slupply to the Cd) "Anuald System BudgeL' nhail mean, with respect to a Power Supply Year, the budg-eta*dopiad by time Authority not ]isa tha tdrt dTas prior to tbshe beinahr eof such PFower Su'pply Year Which badgeat hall Iitemiae estimatie of Annual Project Costs end Annual Sup.piainmntal Cueb andcl ai revenuus, income, or other fund, to he applied to such Cotat, rusper.tulya, for end applicablea to such Power Supply" Year or, in th- case oftam amended eqch it, for and eppilcable to euch Year log the remainder of such Power Supply Year.2 (e) "!1lhgl Statement" shall mnen the wrltton utatnemnt prapauud or caused to be pro-pared mnonthly by' the Authority that shall be brasd upon the Annual Systm BOdget or upon the .amended Annual System Budget adopted by the Authority porteant to Seucto 202 he.reof,'and thet shill ahaw the monthly amount to be paid to the Authority by the Participant 1u cordenoc with the prowlafons of Sectaion 30T and 401 hereof.(f) "Bondsl" ih.ail meanu the hond isue the Authority pt.,ruant to the pralzons of.the Bornd esoiution to fina ace or refinance the Cast of Acqusljltou emt Construction of the p~5gct. whether or aat any issue of sueb bonds shall be subordinated u to payment to any other issue of euc~h bonds, knd shell include eddIffohil Bonds Issued purnuant to the prayl-catns of Section 601 hereof and refunding Bends issued pursuant to the af Sec-tUon 502 hereof.(gt) "Band Reaolution' shl mean the Power Revenue Bond R~esolution and anuy Supple-mental Power Bavenue Bond Resolution to be adopted by the Authority mod accepted by the'I~istee end the Ca.Trugte.(if any) thereimder for'the beundit of the owners of the Bonds which shall provide for the tuuancteof such Bonds,
- copy of which i'ower.Iewenue Bond Resolutlo and Pirst Suppienmental Power R~aienu e Bond Resolutio*
n la ubutntially the form to be adapted by the Authority shall be an file In the records of the PmrzticipuL (hi) "Bu&k Power Supply" shall mlm, w.ith xapect to a Particpant, all electroc power and eneryy requlred by such Participant In excess of that amount Ci) supplied by any gener-atfon an tranamlaslon roourcee owned by such Participant co the effectire date of thid Con-tract, (ii)'received by msch Part-cipant from the Boulbeatarn Power Adm~zitnatlson (8B.PA2, end (Iii) procured by such Feartcipantfram elternatebulkpower supply resources Ii accordance with the provisions of lection d04, herof. -(i) "Commercil Operattion Date" shell mean, with rte pect to each fasulity of the Proj eat,.the beginnig of the day an which much facility of the Project is, in the opinion of the Author.t1y, ptoducizag ad delveringr electric power energ for. commercial use, provided, bow-.ever, in the event any much facility Is producngr and deliveringr electric power and enee'for commer.fal use on the data of acqufsltlon of the Authority's interest theirin, tiam Author-Ily may estsblish a Commercial Operaton Date for such facility whic~h date shall be within a fumae.naid time of the effective date of eurh acr~uisdton.
(1) "Consulting Engineer" ehl mean an eaulucer or erngne in firm of national rea.titia hlvdza demonstrated expertise In the field of electric power generation trmzisin power supply, electric utility opterat one, retse, and feuasfliry.(h) "Conlsct" aud "'Power .Saem Cohntrct" shl ma~en, rampectlvely, this Coritract with the Pariipant:
and al! Power Bales Contracts, Includin, this Contract, substantialy identir.al hereto entered inta by the Authority end a Pumtl*ip~nt h each case -the/same may be amended eromi time to tifme.(I) "Cost af A~ciulaitlon and" Construction" mhafl mean, to the ertant net in An.nealP reSrect Cosat, all costa of and erpense of piann~ng, desigunin, zcqnirtg, constructing, installn, and finnscing the Project, placing the Profect in opemton, ducomlslonln, or disposal of the Project, and obtainingr governmental approwai, cerificatma, peramits end licenses W1tI rempect heretofore or hereafte paid or bannedr by the Authnitp and.may Include, in addition and without limitation, the following:
(1) working capital and reserves in such amounts as .mabe established pursuant tb the Nond Resolution.
(2) ine-rest acc~ruing In whole or ina part on Bonds/urlor to and during construction sod for auch additional period as the Authortsy may reasenabb' determine to ha nec.essary.S
.0 f[or the pl.iecin of thei Pro ject or any facility the.reof In operation in aci'ozdance uftl the pr~aoaisou of the laond Resoltifon,""*(5) acQ.u~sltfon of Initial fuel for each gtneraion faclit- of the Protect and wa*.Ing cap latl and reserves therefor and wor Wng capital md resornee for ruload fuel,.i n y fund or cocount established pm-raus to the loud Rasolnfon tu meet D~ebt Ser-ilca rese'rve zequlremmnne for Roads, , (8) the depost or depoalto from the procteer of Bonds issued to flnance much coats mn y funds or accounts establihd pnursuat to the Ronud ltuolution ma reseree for re-newel, and replacenrenta, retrement from aervics, dacoum~annis or dflipomal of any geizersilni facility of thu Project or conthngencles
- (61 tanitng and testing costs .Incme by the Au~or't, (7) prel~minary investiption Jmd derelopmutm costa e ldnsertlg fesu, contractors' kees, costs, of Labor, iuierkbi, equipment, UW.Ly services and sup~plies md isgul and" (5) -ll costa of insurne applicabto to tbe period of coasbuction, sad* (9) ill other coats incurrd by" the Autority mid properly ullocable to the acuus~tton and constzuction of the'irojitc, Including al cost. finanuced by the issuzanca of additional Bonds p~ruzsnJt to SectImf 501, hereof..*(02) "Debt Service" shall mea~n, with respect to any period, the agpegatsof the amounbt required hy" the 1on4 Reuolution to be paM darinir maid period Into any fund or funds create.by t.he Rand Resolution for the mole purpose of paying the principal (tncuding fund Installment')
of atud premiu, if ary, and Inbtrest on al the Bonds from time to time outstand.lag astha iname chiln become dns, provided, however, thai DehI Seerice aha not Ineluda acceler-~tion of the matority of the loads.(n) "Intitlemen Shore"' shall moea, with respect toa *Participant and an Power Ba]pP1I Year sadl with respect to the smneratlner facilities (Indludlngrelatad tranaunmeson anud the tznsznlsaion aytsm facillties of the Proiect, (1) that percantag.
'of the output a.nd servicae of such ge-eralnfalufLitie set forth [sn the Schedule of Output Entftlement Shar~es attac.hed hereto for auch Participant in much Power Supply Year, as the eaunt may hereafter he Increased In accordanc, with the provimdes of the Power Sinus Contract with conk Par-ticpant, mad (iI .thet percentage of tr.nuisnmblon.
cerv*cs asisl be d~strmind 1by the Authority duri[ng eah Power Squpply Yea~r to be allocabe to surch Yarticipant In with the provialona of Sect~on 809 hereat (a). "Fuel'Costa" shalt mert'all costs Incurred by the AuthunrtT.
durinar say Paowr Sup-Year that ae aliocabirn to the acqulsIl~ou, procuesIng, fabrcatlon, transportaton, deKvtr-Ingr, reprocesir, storage, and dfaposal.of nuclear materils required for thm~genersaon facli-Itlee of Profrlt Including[
trmnd'ers to trvsee astablishad by the Authorily'for such costs related to fa'ture Power Su~pp.y Years, less credits reloaed to much coats applied Mm a~pprupr-eta In the dficretlon of the Anthvmt..(p) "Parti"ipant" shall mnean the pliltical eubdlvlfun, which L a party to this Contrate."Parti[pants" shalt mean al political Bubdftlsious In the State of Georgia which own and op-*crate dlutrlbut/on systems to sems their citizens, Inhebitanta and cuatomoer by pro-'riding them with electric power and energy and which are parties to contracts with the Author.ty aubsanut~llly Identical to this Contract.
The term 'Tazuclptaa" shall include the "Pa-tlctpant," end (:hu ternu "a Part~cipant" or "each Participant" mean may one of the Pa~rticipants or each. of the Participants.
a the case may, be. '?Trticipsan" shall include any, or of such political aghdi/luion which operates or conducts, or exerdesu 1ur~sdlJon ovr= LU essentia!
fntuion of the Participant's electr'[c distrbution system.
'I, ..' .0*(q) "Power Supply Year' shall me~n the calendar yrear, excapt that the fir:t ower" Sup-ply Year shaed/bein on the date the Authoriylis hamn obligation to provilde elect~ric power anil enerzyV a determined in szccorda, ce with tin. provisioes of Sectlon 1021, hrert.(r) -"Proportionate Share" shall mean, with reaped to a Par'ticipant and a Power Sup-ph. Year, tht percentatge of the kilwatt or kilowyat hour., au the case maty be of eac t-7e of iervlce Included fn 8upple~nebta1 Buk'Power Su~pply wvhich eue~t enxtitled to receive end for which Particpant Ii oblligated to pay In each mo~nthi of a Power Supply Year. With respect to kilowatts ruch percentage shall be o~btaned for each month bY the wsLdmum one-hour integrated coincident system demasnd of inch Particpant's Supple-mits] Bulk Power Supply provided by the Authority during the particular month by the maT,-imum one-hour Inttgrated colneldut system dem~ads of' Suppementatl Biilk Powir Supply provdede by the Authority to aUl the Psrticipants during that month. With respect to kiclowatt hoinurs 1 such paruntsie
£ or each month shlssl be obtbined by dividingr the kilowatt hours of Sup-plemuntal Huolk Powelr Supply delivered by' the Authority to much Participant d.uringi the patcu~lar month by the total kilowatt; hours of Supplemental Bulk Power Supply del.ivered by the Authority to all of the Participant durlngr that month-(a) "Project" chill mean those electric generation and relsted tazansral~on facilities which are Identified In lie Description of Project and those transmission ajatemi fa~flltlea to*which referenee Is made In the Descr.iption of ?trojelt to be acquired and constructed b7 the Authorityr duringr the time prior to the Comnmercial Operation Date ofi the last tl tthe gener~t.-lair facilltier of the Project to be completed in order to meet tn. Auth~lrltya investment respon-.e bllty durinr su'ch time in connection with any agresemet for an integrated Zransmtusson cys-toim to which the Authority may be a party in accordance with the provisions of Sect:ion 802 hereof, together with. (i). any major renewals, replacements, r~epair., additions, bettrenatts end lml~rovemsnta neceasary, in tns "oplnlon of the Conaultingr .to keep the PrbJect:!,n grood opeatng condition or to p~reent a lou of revenues therefrom, (ii) any me, or add!-ions, Ennprwvement~s, repairs and mnodiflcations to the ProJect and an decomnmlulonlngls or'" dispoalsll of the ]Project, required by any governmental agetncy hawing jr J~isdlction over tine.Project or for which the Authority shl be responsible by viritue of any obligatian of the Au.* tizority arisng n ot of any contract to which the Authority may" be a pa~rty relating to owner-s~hip of the Pewiert or any" facility thereof, Cili) thou. treanmission system facilitla to which* reference Is made in time DescripUon of Project and whilch are required, in the opinion of the Consultinlg E!!ngineer, to be acqui'red and constructed by the ,4uthoriky on or after the Coin-niercisi Operatiton Daste of the last of the gleneration fac~iiue of the Projec-t to be caunpletedi in order to meet the Authority's Invethnent responslbility alter eaud Commerclil Operation Da~te in counnetion with lan agrreement for anilntegrrted transmisSion esystem to whiich the Authorityv chaD be a partly in accordance with tin. provlison.
of Section aot hereof, and (iv)working capital required byt lb. Authority during construction of the Projctc an for th lac-Ile inl of the .Pinoect In o~peration for providing Bulk Power .3.uplll~, intcludingr Supplemental.
Bulk P~ower S0pply, to the Partid~psn.
t)o 'Prudent Utilit Practie' ca't a particular time shasll mean any of time practice., method and acts engaged in or approved by a sirnificant portion of the electric utIity in-due try prior to such time, or any of the practice, m.ethodse and acts which, In the ermisle of reasonable judglment In ilight of the falcts known atithe timue the decision was made, could hive b~an expected to accompltlsh the desired result at the .lowest reaslonable costl consistentl with jood business practices, rellablUy, aafety and e.sped.lton.
Prudent Utility Practice I. not intended to be imidted to the optimum practicer, mnethod ok act to tine exclusion of all other., but rather t@ be a spectrum of possible practice, methods or acts havingr due for manufacturers' warranties arid the requtrements of governmental agencies of competent 5 uJ pre pWdapu 'pazwp~fUO Vuo daisbd mq Lddn9 zaiocT IZI Uq '20$ 13-2pnK .pmpa.vz~
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Am required from lime to time during any Supply. Year wlftar thJrt7 days nolice to the Partfidpant.
thu Atrthmlty may adapt Annual Syitern Budget far and applicable to such Year for the remaidera of such Year.Sectloz 20I. Report..Thu Authority will pi~pae~e and issue tq the Pazllclpznn the fo~llovizi reot .each month of the Power Supply Year!(1) .Fi~snell and Operating Statement rejaitni to the Project and to the Supplemnenthl (2) Status of Annuazl System Budget, (.3) StaI' of conitniction budget of the Project sluringr cosr,.zuction, (4) Analy sit of operatfons relatlnr to the Project and to the Supplementa) Powm'-Section'204.
Rtcords and Accounts.Thze Authority will keep accurate and acconot at anr.i of the facilities compridsin the Project and of the frasaaUone rtamlingr to the Supptemental Baok Power Supply as well as of the operations thu Authority in accordance" with the Uniform System of Accounts.Said accounta ahall he subJetc to an annua .audit by a firm of indepenidaet certified public accountants experienced in electric Utility accounting and of national reputation to be sub-mitted to the Authority within slxty days atear the dlos of any Power Supply Year. "A!)trnsactions of the Authority relatinu to thu Prefect and to" the Supplemental Buslk Poews Sapply with nrspect to each Powaz..Supply Yuar sasll be subject to such an audit.Section 205. Coiwu~tbn Engineer.-(a) "/he Autharity Tf 3eta1" a eniloseru to nusltJ, advise end make recoin-rnneatlons to the Authorit on matters relatingt to electric power guneruton, frans t eIn, power eupplT, electric utility operat~ons, ratas and chaeres, feasibilit and budgets and shall pause such consultingr engineer to prear within one hundred sad days following' the cleose of each Power Squpply Year an annual eumprabanalee engineering report with respect to the Profact und. to the Supplemontal Bulk Power Suppb' for the immediately preceding Power SupplyFear which shalt co~ntain za capy of the annual audit and which shall fnadzda" (1] A report °n the operations of the Authority; (2) A report on the ma~msgment of thu .Prujeci;.
(3) A report on the suificienc o rates and charges for sevces;(4) A report on requlremnerlt for futrze bul power su~ppb'(5) RtcornmerdatIfa ma to rchanges In operation and the making of repairs, renew.raplatmanasnb extedelon., be~terznenbs and improveaents; and.(3 'A proimetion of the Au.thority's cotta of providing the Bulk Power 8opply to a~ll Partl*ipanta for the eunuing five year period. .(h) 52e Ac~thority s laglcasi a coy of said e~nginezg report to be deliveredto ea Section 206. Power Supply Planning.The Participant will keep the Authority addised on all matters relatng to thin Pari-" pmznk'm power supply Pleanlnin Including bat not limite to load forecasts mission and generation additions and new delivery points.Section 207. Diligei~cL.
" Thu Fartlcipant will exercise diligence In tih. operation of lbs electric are ni with the view of aecurizig efflIcleacy in kesplng'with Prudest Ut~lli, Practice, will construct Its fsdli-tits in accordanct with apeciflcatlon4 at Ieut e~aal to those precrbed by thu ~ational E'lec-tric Safet'y Code of 'the U. S. Bulreau of Standards, wdie maintain jimo lse at a tllu 5mn ha samfe operatingl condit56n, end willlopetemaid li nes in such tsnonnr ua not to Inte.fere un-duly wilth the op trattoas of others. 'The Pmartl cpaont will use decstaio service eqizmlly.froea t~e three phase as nearly as poisibie and will maintain a power factor of 89.4w, lagging or mich greater power factor am uiy be arreed upon by the Participant In the light of guy other con-"trect between the Authority and any other ]psrty, and soch agremuent the Participant shall not be unreucsanbly withhehl.
"-Section 208. Accm-.Participant will give all necessary pernalz-oaa to enable the agent, of the .Authorit to aryout Contract and wilt otherwise hambi ohec to appl¢cable and coadltin., met forth In those tari/fs which afet the Patztc~pant and which are filed willthi Pj ederm] Pow-er Commiss~on.
The Authorlty and the Participant will] glee the othetr the r~llt to enter*the prenmasu of the othier at a'll reuouablo.tlme f'qr the purp~oe of repairirnr or" removing f'ac~llties, reading meutersansd performing work incldental to delivery and receipt of Bulk Power Supply.At the end af each Power Supply" Year the Authority alzUtt determlna If the aggr~egate
'amount paid by the Partinipant under Sections 307 mad 403, hereof, to provide recovery of all the AuthoritYm o eue during each Power Supply Yea~r was In proper samouet, aid, upon the maktingr of much determinatlon, any amount founad to have bern paid by the "Par-ticipant in a.ceam of.t~at artunt which ehoald haste been paid by the Particpant iball bacedt,-ed on the Billling Statements to 11am art~icipnt for the remaining mouth or months of the Power Supply Year next mucceedlng4 the Power Supply Ycmrfor~hleha.ch adjustment wm demnterde to have been necessary.
Ten pes~uat of the amount of an~y defdec~huallssd la added to each of the unLt ten Rifling Statements.
Zn the event that the failure P artici'pant to pay It(s.Entltletnent Share of Annual Prqiqct Comat In accordance with- lha Power Satlt Contract shall have resulted in the application of amounts In anyv rustye or woridugr fund under the Bond Resolut~on t'o the payment of coatb payable from such reserve or work.canion or p~ai taddtional amounts Imto much reserve or working fund, emonmta thereafter paid to the Authority by aUCa onopay~zsg Participant for appilcaUon to much past dun payments shall.be credited on tha BlUingr Statements of such other Participants/in the next month or months ma shall be approprfate.
Sectfon 210. Dleputed Ifanthly" BlUingrStatemmetl.
In case any portion of anyv monthly- Billng Staitemnent'received by thin Participant from the Authority, shall be In hzona 1ide dlapute, the Participant shmfl pay the Authoz:If the full amount of much hmonthly RBUllng Statement, and, upon determtnation of the correct amount,
- *0 the difference between such correct a~mount and such full cmo~nn, if any0 wi be credite to the by th Authrty ale nucb detarminettion.
In the evtnt such monthly Stat~Lezet is I disp~ute, the Authority wil give conslderationtosuehdlaputea ndT will advise tha Participant with regard Lo hi Authority's pcaI~on relative threto lth'ha thirty7 days following written nothlicaton the P~erticipant of pici diaputi.Seetion 211. SaurcuS of Payrents.The obllgstona of the Participant to make the a~yments to "the Authorlt7 under this Con-trct shall constftute general oblligatons of the Partldpcnt far the payment of which the full faith and ctedlt of the Pari~elpant chil] be and the cine hereby Is pledged to provide the funds required to fulfill ll oblgatlona arising under t/h;. Contract.
Unless suc payments or provdsfons for, su payments shall have been node from the rev.enuer of the electric sya-tom ok tbi Partcpat or from other funds thi Pamrtclpant will annually.
In each sml every" flacal year .doring the ter of this Contract Include In its general,'revenue or appre-'priatfon messur,, whether or not anmy other items are Included, sums sufficient to Usatsy the payments required to be made In each year by this Contact un~til all paymnents requlresd un-der this Contralt haveabenpaid in full.'In the event for any retson any such provision or appropriation is not made for a fiscal yeax of a then the chief fiscal officer of the Participant shall, je accordiane with the povoiaion.a of the Act: In effect ta of the date of this Contract, set up as an appropriat, on on thet account, of the Partlclpsat in each flecul year the amounts rtq'uledWt pal' the obligatlou's called for under this Contract.
The amount of the appropriation In much Hiscal rear to mist the obligatons.of this Contract shall be due and pasyable and .she1/ be ixpended for the purpose of paying and meeting the obligtions provided under the terms arnd conditions of this Contract, and such. appvoprftaton shill have the "sarn*legal status ~ LI t/he had inc~luded the amount of the appropriation In Its general revenue or appropriation measure.*-
Section2,12L Rate Covenat.The Participant wILl manstnin and collect rates and eharga for the elect*4=service of It, electric system so an to pro .fde revenoes sufficient, teguther with aieflnble elee-tric system resrves to enable ihe Participant
'to pay to the all aounts pasyable under this Contra~t an to pay all other amounts pa~yable from azmd all lawful chrgesagainZJst or liens on the revenues of Itt .elebi sytem. -.ARTICLE III ELEOTRLIC POWFER AND E.NERY pRtOM PROJECT Section 801. Own ru ip of Pro jctL The Authority will isaua the Eonda In series 'from time to time wider the Bond Ruesohu.tion to finance and shall own the Project consfiting of the Authoritys ownership Iterest In the g~enerUtou and frmnlasl/on fac~lities described in the Description of P.roject atta.had tao this Contnas and w~1ll cause to be d-lfrared to the. Pa.rticpant during each month of esch Power Supply Year its E.nttlement Sharp of the output and. services of seeb faciliy of the Project far the usful life of eac such facility of the Projec.t.SectiOn 302...Coste of Generation iand Ttunzm'lsln.lit Facilitie Comprsig t:he PrOject (a) Those generation and traniun(son faclities comprising tlhe Proloct will, for purpse U generatiOnn.!
rlir-te' twnmisson laciUtleg, and (ii) tfrsp~Wi~1ofl sste~m (b) 'Thse itl'acoata of providing to the Partiepante thel En~t~tmunt'Shares of*such gart.nilou and reiated trnm/on'fscdUfm as are inluded Sn the Projec will ha a-..counted for usdeacs'bedl in Section 50.(b) hereof, and (a) T1'11 Aiathouitys'osts of providing to the Partlcipants thefr Eaittlemen Shusm of such tranhuilualon system acil~tue us ae Izi.ciuded in the Project will be -,counted forua descri'bed lIn.ection 206(c) hereof, and will be determined u followt.*(1) Suc.h Ixasmbsaion system facilltiel s us areInludad In the P'o~sct wml 1he scquired**by the Authority from time to timi fez the term of thi Conkact through In mnn nsegiutsd trensrlselon system apeeanent with other .utULtrs..The Authority's Iruet.uient rpouaslillty in such txnaum~ulon sysm facilite for an, lower Supply Year will be that perksntage of the total/investzuet in thu combined trnawslntmuo sysem :critle of Uhe Authorit and such Othe utilities obt.alnud by divding the demand of total Bulk Power Supply provided by the Authority' to aU the Puiutlcipanta during such lower 5upply Year by the cormbined demarnda of the Authority and such other utllitias during such lower Supply Year and expresing the res.ult as st
'The Authority's ruaponalbl~lit for annual capital *ost relating to renewasb, replace-ments, repairs, .editlons, be.ttrgur nd- i mprbsumzm~t to and for annual openers4;g costa of such trasnmission system, Ibr~litleu for say Power.Supply Yes: will be the.annual capilal end operating costs Incuired by ths Authorit for sutch facltlus.* (2) Zn the -vent the A.uthority zasumes responsibllity for t~unsmisson of the Paitict-punts' -llotm-nts of SE.PA pawer pursuant to arrangemenis" for which provision Is made In Sections aoa mud 804 huzwco£ that Authority'p ruontalbily for rnvestment In, and annual capit-l and operating costs oe. such tusnammslon system'I acilltlea acquired by the Au~thority frora time to time through purtlcdpatief in such Intalrated treas-mbssion system agreeaent may be Incrauedl.
The Authority"s investment responsibility In such inc,.esad traumnlsluon system facilties for any Power Supply Year wil be that pezcentzp "of the total Invtstmetnt in the combined ts'srfswision fac{/lties of the Authority end such other utK11ties obtained by diwidng, the deand of such power plus the deamnd of total Bullc Power Supply provided by the Authority to 841 the Paricpants during such Power 5upply Yetu by the combined demanns of the Authority anid stuch oilier utilities during suc~h Pewee Supply Ymar aund expressin the result as a percetage~.
The Authority's ussponslbltliy for aroual cspltal costs .L-lItizg renewals, zuplacemehta, regain, addit~ons," betterments mdi Improvsmenta to und for annual operatng costa of such Inr~ceemed binnnmloun system faciliti, f0r any Power Supply Year will .be thu annual spataten rd operating costs Incurred by, thre Authority for such faclties.
"'"" " Suction-302.
Thlueronnaction A~rrnzmeznenb, The Authoriywill purchaue'or provide sjrh grtnerallng reserve service. frauu-znleeont serviceP maintenance searvice, emergency service. ecounn)" Interchangear aud othr Interdiange service asociat:ed with the Project as nay be nmuceraa for th reli-ble and.coram/lal Jsupply of the and servicesq of' th. Preject su will cau~st deliyerud to the Particpant duringr each month of the Power Supply-'ear Its E-nt~tlement Shotre of much output and aervicas.
The Authority may use electric energry from the Project which Ia avt"p u.w to the requlrtezints of th. Part~lclpnnts, as such maty be awdlable from Urn. to thU for thu pUrpuse of eecrouy Intorchange service or other luterchsang asrvig. with others, and soy net revenues received br the Authority for any suc aetrcee Shall bel credite to the Partlcfpanb by the Authority' fn proportion to their EnItltemreut Sharea.'10 Section 204d. Operat..on aid Mul4nlunuzice.
The Authority covmnant.
and agr-,, that it will operate, manta~in and manam. thu Pro-ject; or- ka~se the saue be operated, ma=[ntained end nanazed. In an dfcien~t an.d econom-teal maimer consistntan wth ]Prudesl Utility lPractice.
Section 105. Insurance.
The .Authority ushall maintain or ecu.. to be maintained, in force for the benefit of the parisr herto, as ther jitirest shall appema, ua Costs of Acqaimiion and Construction or -anal Pro jet Cota such insurance with respect to the Project a.m shll be avatiable aid as is usually carried by utilitias constructling and operating generaing' fsa.ctlu tie b In the ass o ,,uclear generating fac[Iitie, iot less than will satisfy th. requirements of Federal and ethtm law and the Regulatory Commission regulations and such other Insurance a s Ia na-ally card l by eleebtdc utilities In co~nformity with P~r~uent Utilitty Prctie.Section" S06. Charges and BUlilingsJ for Lhe Project. -(a) The Anthority will esotablish fair and nopdtlsc Ilnatoty chargles for afl output and service provided lby the to the Participants relatingr to uack fad~lity of thu P'roject desisted to reove~r all of the A4uthority'a c~osts allocable to much facility conimanrnr'wlt the CommercSlal0peraUon Iate of such fadlity or the data to which interets hau been capializeld on Bonds alocble to much facility.
'whichever Ia the urz~er, as set forth in the Annual Systen Bdaisgt, or the amended AJmiga! System Budget adopted by' the Authority puizaunni to Section 202 hereof, and such costs shall Include Annul Costs.* (b) The Annual Costsa allocable to theguneratfon and related'tansmulaonfseil-itiem. of the Project shall include at; leost the fo~low1ir Iteni of costs and espbesso: (1) "Annual PFrojectt Generation Flied Charges," ;nes.: (A) the'amount
'which the Aquthority Is required under the Bond Resolution.to .pa" or deposit into any fund or account estsbllahed by the Bond Rusolutlan for the payment of Deobs Service and any' re~serys reqtuhrnentm for Bonds which.S an allocable to (I) thu generation and rslated franamlaslon facilitias of thu Project and (ii) the worldug capita) whic Is required by the Authority fur providingr Bulk Pow.er Supply, Including Supplemnental Bqulk ]Power B opply to the an which Ii alocable to the generation and related1 traazsmlaaou facilities of the "(B.) Iomotoat (not otherw~ise Inlluded under any item In thi Section 805 Cb))s.ocab to the gleneration, and re.lated trasinisalon failti em of tha Project whic the Authority Is required under the Bond Besohuilon to pay ow depoait auch**Power Supply Yeau into any other fund or account 'stab]/ebtl by7 thes Bond Beachu.-tion, and shall Includt, without: lImi(taon, any much amounts requiredl to ezek up any deficlonc'i In any reserve fund or w'orkinir fund required or permitted t u tha Bond Resolution resulting from a default in paymeua by any, Participant or Par-tialpants of amounts due under iti or thefr Power Sales Contract.s with the Au thority;*. (C) amounts which the Authority is raquicud under the proviaioah of the Bond lqeslution to par or deposit Into a reserve" for renewals nd replacaetntal (CD) amounts which must be realized by the Authority for coverage of D~tbt Service am may be required by-thu Bond Resolution;(B[) amounts which nmust be set aside by" the Authority for the retiremant from 11 euie eoulsol~.or d~plof th"e gerati.o,.
facltes,.
of hePojc s..may be required by the Bond Resolution;(F). amunout, which must be paid bY the Authority for the purcbue of irenerat-lng capacityi r-eservus flor the Project; and ei* (3) "amounts which must be paid by the Auth~orit7 for the purchase of trhlm.a-m efo or heProject; anid -(2) 'Cther Anniuai Proe~lct Gener-tioni Coat, T whilch moons: (Ak)" afl coats of prod ucilnil n4l delivering electric power an senu. i from the Project and providingr the Participants' Enfftlement Shire In.luding.
but uot Umfted to, (I)' Fuel Costaensd other ordflus" operation and maintezui'oe costa sod prowl-atcoa for reserves therefof, admlnlstatntve mod gensxul costs Insurance, overhead and anyj chug' payable by the Authorit-in connection with the output of the Project, (ii) net costa of scheduled, emergency., econony7 or other Interchange up-who Incur-red by the Authority in connection nith the Project, and (Ili) all operation and main-tenarice costs related to the operatoIng and codudcting of the busines of the Author.ity Includingr salaeces, fesa for legal, engineerfng.
and other services ,md anl other expenses +properly .rela.tad to the conduet of the of the and (B) amo~bnt required of+ te Authority by the provisions of the B~ond IRaolu-lion t. pay the'coet of or to provlde resres for (i) elirordlnazr operating anid rmaintenance coits including the coist of schedule4.
ewerigenoy,.or other interhange sorvice an the jirevention or corecliton of any unusual loss or damaile to keep the ge~neratingr faeiUUes of the Pro ject in good operatingr condition, or to prevent a loss of revenue therefrom, (II) ansy major renewab, rtplaceuenta,'repalra, addltions, bet-and lrnproveomezta neceussry, In the opinion of the Consulting Engineer, to.kep the genraerting faohlltiu of the Project in good operating coodition or to prt-went a loss of revenuu therefrom lifi) any ma, or additions, lmproveznsnta, re-palts or modificatlons t 0 a'ny such gunentlug fadility, or any devonimlsaoolng8 or dlspoasls Of any such generatingr iacllty, required by any governmental tageny hav-fnrg juriadlction over the Project or for which the Authorit sa1~llbe r~ponslble'by virtue of any ob~lgaton of the Authority arising out of any cont~act to which the AuthOriy may be a parti relating to o of the Project or any"facility there-of to the entent that the Authority Is not rulmburad'th~zefor from the premeds of insurance or fqndse for sudi payment are not availabl to the Authority th.erefar from any funds or accounts established under the land PResolution, or Aioda for such payment are not provided or to be provided by the Isuance of additional Bondsto Arltcle V of this Co'nirsoL Project absoi Indude at least .the following Items of esb and eicpenae: (;1) "Anneal Project Transmisston Flied Chargies,'
which mea.s: (A4) the amount which the Autlhorlty Is required under th Boad lResolution to psi" or" deposit Into. anyr flnd or account utatblished by the Bead tlleolutlon for the pay-ment of Debt Service and any rezorye requirements for. Bonds which are allocable to (I) the trananalslon system facliltisa of the Project and (iI) the worh-tog eapital which is required by" the Authority for providing Bulk Power Supply, in.chiding Supplementall Bulk Power to the Particlpants and which is allocable*to the tranumlailou s~stem faiclitles of the P~rojfect; (3) the amount. (not otherwise inclod ed underancy Item ofthisSetlou30Og(c))
ullocabte to the b~anamnaalou system ticiiltles of the which the Authorlty Ia required under the loud Resolution to pay or deposit: durinr suc Power Supphy Year into anj other fund or account, eslablshed by the Band Rusoluton, 'end shall lnclude, wilbout limitation, any such smnouuta required to make u'p asl deficienty In any' rMeses ftnd or worklng fund required or paermted by the lond Resolution resulting fr'om a dufabit in payments by any Partisipant or Psxtidpanta of amounts due under its or their Power Salem Contracts with the Autority;(C) the amount which the Authority La required under the prorimions of the" Bond iResoluiloz to pay or deposit Inte a reserve for renewals and replsoementa; and (1)) amounts which must be realized by tha Authort for coverage of Debt Service as may be required by the PBond P~uoloianm and (2) T M Other Annual Project Transmission Consb," which means': (A) antennts for ordinary operation and znalntenance coets, admfnsta~tive and greneral coats, Inauranee, overhead, and any- other ehazres payable by the Authorit'y in Connection with such traznsmlasfon system faclities, Including cli credies due to with respect.to delvery point tansmslaslon facilities; and (B) amounts required of thin Authority" by the pr'ovisons of the :Bond Resolu-tion to p.a, the Costa of or to provide reserves for (I) e~xtraordlnary operation and maintenance includingr the prevention or correction of any' unusuael lose or dam-age to keiep the tranamlulon syets* facilltfes of the In good operating con-ditlon, to pretnut. a loss of revenues therefrotn, (fiI any major renewals, replace--.
wants, repair, additions, bettermnts and impruvements liecessary, In the opinion o the Coneulting Rragineer, to keep tba bsnamlassfon system tsfelitles of tie ru ood opurattnz condition or to prevent a loss of rerenuca thererom and (111) any major. £ddltionI, rnipravemente repairs, or modllcatlon to any such faefllty required by any zovernznntal aleney harlngr jurisdicton orer the Project or for which the Authority shell be responsible by virtue of any obligation Au-thority arisingr out of any contract to which Ilie Authority ina. be a party relai~ng toownezahJp of the Project or any fclljty thettof to the extant that the Authority Ia not ratlubursed Cierefor f.rom the ]proceeds of Insurance or funds for. much Ps~r~zent are no ava~lable to the Authority therefor from any fundi or accounts esafb-fluked under the pond Resolution, or funds for such payment are not provided by the Issuane of addilional Ponds pursuant to A~rtilea V of this Ccntract, (d) T.o Authority ahall bill the Participant eac month during eich Power SupplyYmar hi" providing the Participant with a RlBinr Statemnent fdr auch month in accordance with the ch.rges established pursuant to the provislona of this SectIon 806. Such Blling Sttemment ehsfl set forth, 'a~mn, other things, t:he anus to be paid for msch month by the Participant for fts Entitlemen' Sh~re of the Project output and aervces, and such sum shall equal the Par,'Ucfpant's EntiU~eent Share of that ensount of Annual Project Cuts, as eatlimtad In the then current Annual Syota Budget which the Authority is required purquant to thu Bond.JleoluiUton acc *rue, pey or oat asdes duringr each month. Such m~onhly Statecuent" s"alt Include a credit for such delivery oiant traninfsaion farclltiea asart owne, flnanad, or operated by the Participant, end such :Billing Statement ahail be paid by the Participaut on or before the tenth day fru-o the data of such bf]ll Amounts due and not paid by the Par-ticipant on or before maid dqy uhail hear an additional charge of one and ona.balf percntn per month until the amount due Is peld In full. At the end of' each upply Year," adjust-meets of blllni ehali be niade In accordance
- vltli Sect~on 209 hereof'. ft the Patifcipant pays lesa than the full anmntn: due with rupect' to a BUlr,,r Statement, the partial pay~t: no ze-ceroed shall be applied firet In diicharge of the ]Partldpanrs obrlgton to pay !!o Sh, the Anual Project Costa am provided knthsAxticis emba 8 Maey such partial p aymntn lure applied o. discharge of the Partldipau.t'a ob~llzt~ona uudec the prro-viuiona, of Ar+ticle IV herof.(a) At "such tinges um the Authority Limuew aiddtlonal Ponds In accordance wit, thupro-.visions of .Article V. hereof, the Authority will Increast such elemntsn of Amiuel Proj ea Costs u ar fletenr7 and the Partidcpant ebali pay. l1 Ent~tlem~t Share of much Incrnaaed charges p ureuant to the provislaos of Section 207 hereof. +Section 107. Frauec :EnUtlemeni aidnC Payment Obl~rgatlons.(a) The Participant shill be entitled to receive Its En~titimnent Shor~e af throutut end tranomizslaio servfces of the Project mad of all" aeruices provided by the Author+y En mc-cardages with the provtisons of Section 808 haeaf, m may be available for th. uedui life of the (b) The ParUticpant ealul pay Its ShAre of Aarnual Project Costa Eat forth in the monthly' Statemwbs aubmittad by" the Authorfltjto the Par.'Uipan In accori-,-rica with the prowlsi ons of Setolon 806 hercof, whetther or not the Project or any part there-of baa bean completed, La apgrtinig or oprasble or its output Ia suspended, Interropted, in-t-a'tered with, reduced or cutJiled *r terminated in whole or In pert, and auth payments shall not be au~blsct .to reduction whether by offset or otherwium end ab~li notbe conditin-" a] upon the penfrmo:ahct or nonparfrorn~azce by anoy party0 afls7 agreementn cause Sectap 808, D~elermfr'Uan af Pertlcipait~s Enfltlemeni Shrers of. Tm-namiuloa Syste si Ps dllties Indulad In .tha PJroJect.(a) With respect to trnamiaslon system :facillUes Included lin the ProJect, the Entitle-rueni Share for each Participant to be determined by the Authority four each Power- 8Sqily"Ye as haftd be the petqeninag, a~otabie to the Part/ldpant of the trstnuzanllon aazdra provided bytue Authort end of the costs incurnedh y the yreJathgto auchtrnuinmslou qn tentat flieu em era acquired by the Authority from tires to time the term of thi Contract through participation .Ien-, integrasted tranaimiin on myte agreement with other atilUes.Such percentage ihill be detaunioud by the Authority.
by dividingr the avernre of tha opnhour integrated coincident cyaten de,,ands for Bulk P~ower SUpply provided by the Authority to much Pa-tlcpant durIngr each month of mlucP., ower Supply Year by thus avtraes of t.ha one-hour Integrrt~eilcoincident cyit.em demands of total Bulk Power Supply provided br the Air-thority.to
- nil of the Parttcipant ductsin eac oneth of such Power Tez n ezprmening the result aS a percentag, so that, when all of muchl En~tilement Shares ma compoted by" the Authority are added together, their murashnllbe ont hundred. Poe the purpoee of mchd cor-..
the one-hour interval skhll be the hour durIng which there .hf occur~ the in~eniiui one-~lnour integraed coinc.ident sysem.: demands of Bulk Power Supply p7rvvided by the Authority to ilL of the Parti*lpantm.*
fb) In the event the Authotity assumes responstbilUt fort rau~mhalon of the Pasrtic*panta' allotments of SEPA power pursumat to mrrnngtminmn" fo: irhich proudsanis I,,,ade In Sections S0S ond 804 hereof, end such responelbrltr ruuita In mi Iscrease In the I-vetm~ent In and annutal'operunat cois- of such tbmnmmlasion syalain facllitfes, the Zntltiment Share for each Particlpant to be dete rmnded by the Authority far earh Power Supply "Tear elial] be the percentsg el/oabte to the of the transmamluau seivicee provided by the Au-* 14 thiorty and of thu coats In ied byv Anthorit), relating; to sch i.ciiusd rasponalbi.itT, Such percentage DILs]! be determined by) the Athority by dividing .thu averags of the orn-~hour lntagmtmI coincident syste dt minds of such SEPA power plus the damanda of Bulk Power Supply provided by the Authority to such Participant during each month'of such Po~wer Sap-p 1 T Y.CT br the average oia-hour Integr-ated coincident sytemu de=*auds of SEPA power and demans of.totol Bulk Power Supply, providtd by LbsAuthority to ill of thet Partidpanta duringr.the sims one-hour" interval of each month of such Power Supply Year and ezpreulng th. re-salt us pereentage so that, when ill of such Entitlenzent Share. so conmputed by 'lii Authority are added together,.
their sum ahali be one hundred. For the purposes of'auchcomnpoatizm, thu one-hour Intte-vs~l shall be the bour during which there shafl occur the maximum onebour Into-gtated coincident Sstem demands of SEPA pow~or and demands of total Bulk Power Supply provided by the Authority to il of the Partldpants.
Ce) Such En~titleent Shares of tran~smluion system facilities included In the shall be esqtimated by the Auth~ority prior to the beginningr of any Power Supply "Year aod such eaiuatmats'baU be set forths In the Annual Syvstem EudgeL Rrrj/slons o( such uatimatad En~titleent Shares shall be made by the Authority at the end of audli Power Supply Year based upon much 'yatom demands as actually experienced and the Wllingu for~such Pavu Stap-ply" Year shall be adjusted by, the Authouity accord~ngly,.
Section 309. Pledge of.Payments.*
- All payments required to be rnedt by the Participant pursuant to the of this Artdefl*1 I and all other paymmnts attributable to thu Project or to the Annual Project Costs to 3e made In accorifnce with or pursuant to anyv othtr provision of this Conbsct, shall be pledgred to securt the paysmeut of the Autiaorit~y'a Bonds Section 310. Pay)ment u Olpenrzng Expense."So long a, eliteic power and tnesgy shall actually be receiwud b), a Participan fromz any, facility or faclitie of the Project, the Particpan~t's Entitlement Share of Munalsz Project Costs shill be paid by, th~e Partcipant as a coat of purchased electri4c power and energry for-Participant's electea system and us an t_-pense of opertion and inifnt~enmne thereof.Seti~ton .IU, Credfts I. Annual Project CoiL flu Authority may, pursuant to thu Schedule ci Entitlement Share sand perticipaticn In an 'ntegrated transm~slfOn sysStem agreemeut with oilier., for which provisio Is.ad in See.tion 501(c), heruo, ctell thu output and services of facdlltes Included in Lb, ]Project to other uffitlee.
The anticipated proceeds from suc~h aisl shall be estimated In the Annual Syste~m Budget, and any net revenues actually receivqd by the Aut~hority a the reumlt of such sales to other utilUtie dur.ing an month of the Power Supply Year shal he credited to the Partic-panto In proportion to thei Intutiemmnt Shares In the inonthly Bllingr Statement for tb.followtzuk month.Section 12. Sale of E.zcesa Particdpant's Euitlllemtnt Share.In the" evpnt the Participant shaUl determine that all or any part: of the Particlpant'm
- Entltleinent Share of the output and service. of the iune~ratinafracilities of the-Project ar In excess of thu requirements of the the .Authurlty may,. sell and transfer for any, period of tim. all or any part of such excess output and servces to sucb other Pserfdpants n shal1 agree to take such exess output and services, provided, "howuv.r, that in the event the other" Pa.rtcipants do aiot agree to take the entire amount of such excse,,.the Authority* '" 15 N 0..baU have the. righbt to dispose of such esecs to cther ut~litiu.
If al or sau poralonof ouch exces of the Parddpant'u Entitlement Share of ogtput end srices Is sold11 puzinant to this imetlon, the Participant's Eatitlement Share shkul not be reduced, and the Participant sha~l remain 11W.~ to the Authorirty to pay th- full amount of ita Billing Statement as such sale bad not been made;1 ~sTept that aiels liabilit shall be discharged to the .tent that lie Authori-t'y ehall receive payment for such e.cta output: and uervces frop the porchsaer or purchaser thereof.ARTICLB- IY SUPPLKMENrTAL BULK 8UJPPLY Sectffon 401. Supplemental Bu~lk Power Supply Proyidid'by the Authority.
The Authority will provide or cause to be provided to th. Part*dpsnt Suppleezn6.leh Bulk Poeri Supply daring each month of eadi P~ower Supply year. Such Supplemental sulk:Power Supply ma? include, but shall not he' limited to, puitlal and faull requirements firm power purohesa, and unit power aervi.e, firm and nsonfirin capo~te mm endseray manic., teraimhusenu aeruici sad other interchange arvk, made aum~lale U = rv~i of ta8sac." tlons with other utilities.
'The coeb to the Authority of eleciric power and sneaiypurchulaa by th'e Authority frons other utilifles based upon tariff. flied by sush othr utOll/es with the F'ederal Power Commission will be directly reflected lIi the monthli Bflhlzi St~atement to the.Palclpanl Such montbly Billing StatemeJnt will Include a credit for such deli very point t=an:axLlo5 facilites as are owned, inanced., or operated by th Partfdpa.i.
Sectlon'd02.
Cb~rzm for Supplanental Bulkc Power Supply. .* (a) The Authority will establish lair and n aurcrlmlnalcry eharges or all services provided bi' the Authority to the Participants relating to the Supplemental Dulk.Pawer Sup.plyv of tbe Partfcipunab desivied to recover all of the Authorltye coases of snqul-zqr.
financial', operatini and main tainiur such Supplemental Bulk Power Supply an such coats are set'.roth In the Annual System Budget or any amended Annual System Budset adopted by the Au-thority" peduant to Section 202 hereof. and such coats shall include Annual SswlekmtnW Coats as defined In Bastiona 101(c), hereof; and (b) The Authority ahall bill the Participant etch month during each Power Supply Year by providinlr the Participant with a Blillair Statement accordiung to the charges autabllahed p ursuanit to proylsiozs of this Section 402, for the cervices uupplled Io the Partifcipant by the Authorit am aet In Seotlion 408 hereof," and for the coats Incturred by the as set forth in this Section 402, end such bill abael be paid by tha Participaut on or before the" tenth dy" from the d ate therdof. Amoujita due and not paid by the )P~utieipmnt!
on or before said day sal~l ber an additional charge of one and oue.lialf per month unti the amUnt~l due In paid In full.At the end of each Power Supply Year, adjutetnsets of billinrs shali be made In accordance with the provlulona Of Sect~on 209 heraof.Section d0l. SuppleMental Rgul~ Power Supply Taken by tha Partlipant:
The Partiripank shall take all of I'tr 8uppleraentl Bulk Power Supply-f run the Authority sand shall pay to the Authority the Participant's Pzoportiontae Slhare of Annual Supplemental Coats sat forth In the monthly BiUltig Statement submitted by the Authority to the pernl.
SecUon 404. Altsrnate Supplemental Bulk Power Supply Resources.
If the Partldipt duurns to procure an alternate sourte af supplemental bulk power sup..ply other than that provided by the Authoritye the Participant znay do so under the following turnS and condit.ons*(a) In no event will the Participant's Entl~lement Shar at the Project be reduced, and1 the Partcipant Wil cnt~nue to be obhlgata4 to pay Its En~tlemwt bShar at Annual Project'Costs;(b) The Participant will enter Into an interconnection agreement ilth the Authority tor ranarves, emisnZmCT, economy. scheduged and other interchaup service, the tarma and coudi-tross of which will be similar to those contained In Intercounntc~on srrangmnentb tha .4thority and othm.;asn (e) The .will give uotice to the Authority of its intention to procure such elturnLta ouorce which will relieve the Authority from Its obtiatizon to provide se-vice equli-aelet to such alternate source. Such no:c wil be at 1ss the following:
(1) Twe years if such alternate source equals 20% or less of Partidpaneri total peak demand les SEPA power and Participant's -n~t~tement Share of the output and services of the of the (2) Thre years If euc~h alterns~e sources equals more than 20 bqt not pester thanci Particpant's total peaks dizuaxid lm SEPA power and Partipant'u Entitlement Shane of the outpiat and ser~rtce~s of the gtenerating tid~uesiu icluded In the Projects (3) Five years if such alternate source equals more than 20% but nt; greate" than 40% of Participant's total ,tema~nd less SEPA power and P-rt~kci'intf E lntitlement
- Share of the output.and services of the ge~nerting .ac~lftie of .the p'roe-.t;
-(4) Seven years If auch alternate source equals more than but* not greater than 60% of Participant's total pealk demand less SEPA4 power sod PaxtUcipsnt's Entitlement" Share of the output and services of the'generatinl faciities of the ProJt;(5) N~ne years if such alternat, source equals more" then 60 % of ParUlticpnt's total peak demnd less SEPA. power and Part~iclpants Entitlemnent Shar, of the outpu~t end services of the geenerting facilities of the Project: Provided, however, that+ the Authority and the Partic/pant mar mutually agree to a notice shorter then any of those prorldnd.above If burden or coat would be Imposed uponth A4uthortty es the result of such shorter notice.Sectfon dO0. Interconnection Armrngerente.,?he Authority -ad .th. Participant may mutually agree to enter.fnto intereounectdou ar-rengeinentJ far r uerves, emergency, economyro scheduled an.d other Intacag service for geneation and tral,,snisslon f.i~cllt~la owvned by the Participant on the effective Oat.ofa this the terms and conditions of which arrangs~ents shall not he Inconalatet with'the proviaouis of this ConfrteL ARTICLE' ADDITIONAL BONDS Section 51. Zasuenca of ALddctonsi Bonds..(a) Additional Bonds ,may" be sold and es~ued by the Authority En accordance with the provisions o the Bond Resolution at any time and from time to time In the evwet, for any 1'7 reumu, the preceedi derived froca'the sal of the Bonds validalted piiraomst to Slim pro..vluoua of the Act an of this Gontrot shall be Ivnu~tlclent for the purpose of comp~leting tbe nl Iaidflltle of the Project sad plsacin each ficility thereof in Commerda OperaUon In-cludini the completion of those (:numnu~ou system fadlitlea to be ecquired and construcbtd byr tha Authort prior to thin Commferdald Operation Data of the last of the genpstlnr'fadfl-Ulo of the Projedt So 1e ciaplited In osier to maqt the Authoritye Inustmmnet rerpozisfbmty durin such period In connection with any agreemant for an Integrate smlion systenm to which the Authorit may be a p~rty In accordance with the provtslona of Eectloo $02 hmruoL.(b) Additioa o nd Bm abby be sold end by the AothorikTln eccordanca wi~th thuprii-of[ th Bond Besohitlon at an~y tlime aud from time to time In the event fund. m re --quitet! to pay the cost of (I) any ma, or runewala, replucenienl, rep six, esd~ltious, better-mnias or Improvumente, to thme P~roject neesajy, in the opinion of thu Cnmuiting Butnaar, tkeep the P~roject In good operatifng cosditios or to prevent i lo.s of revenues thmfratu.(H) any maj or additions, lmprovumnbt, repairs, or niadlfloatfona to the Pzro~ect, or an do-cam jouninp or dlepoiels of the Project, req~uIe by ii~y joean~tal agency 'hain jiwfadictlon over the Project or far whic~h the Authority shall be rewpnslble.by of any of the Authority arsng out of aoy aontr--~t to which the Authority' may so a party relatng to ownership of the Project or any facility thref or (iii) reload fuel for each gener-ation facULty of tim. roject in any Power Suppl- Year to the ".Etent that suff~iciet funds are not avalalsbe In asny reserves utbblfahed by the Authority fr Fuel Coats 'provdadm however, that no such additional Bonds may be Isuesd f[or the parpoaa of add.ig a~ddtiona ze~naratin uelts to the Project..(c) At tUse as funds may be required to provide funds in ea~ess of thoas provided foathe sale of the first validated pursuant to thu Act and this Conteat tu meet the Authorlty's tnravutumet responafbl~t In connection with Iie agreemeet to whichb She Author!-ty may" be a. party peorldlng f[or an (ntuurated fransuaalon system, In accordance withz the provmaona of Section 802, the Authority noay provide suck funds s .ay be necehaaiu7 thorufor by the lasuancs of additional Bonds.Cd) Any such additional Bonds shell be secured by asaiguent of the payments to be ma-de by the Participants pursuant to the provislos of Articl II of the Power Sales Coo.-truta, Incuding required to be made under Article III of this Contract, and all oth-er paym~ents atlbutabte to the Project or to thai Annual ProJect Coats So be md Lu sccord-en'e with or puaruaunt other provision of- this Contract, and auch other Power Belts Coatnacbs, as curb payments may be Increued and exeded by reaso of USh lietiaca of[ ea~h adiiltiaiz Hoods, and such additional Honda J=5y be Issued In amnounlts auflleint to pay the full amnount of such costs and to provlde.auch r'seaarees marny be reasonblyr de-'tarnutnd by the Authority to be dks~rble.
Any such additional Honda ssused In accordance with the proviuions of.this Section 501 and secured by ass~lgnment of paymeats to be made In accordenca with the provisons of thi Section, may rank Ipart pasu as1 So the securly .1-forded by the proytulons of thi Contract and of .11 other Power Beale C'sret between the Authorei" and thue Partlzlpstb rlati~ng to the Prolect and to the ssunance of Hosdh therefor with all Boeds theretofore Isueod pursuant to and secnurel In accordance with the provlalolus of tise Coneract.Se~a 502. Zesuence of Rtlondlnlr Honds.Inthe event the .Annual 1roject Cosa- to the ?eztlclpuuta of eleowlel powe, ed energy from the mayr be reduced by the of any of thu Honds then outateadhng or In the avant it cuaD oterwise be adv.antaueOUg, in the opilnion of the Authoritly, to srmfun any Do cdi, the Authodril.
way lasue and aseli ef'uadin Honds to be secoed by aaalgnment of the paymetns 18 to he matde by the Pazrdgaziar purcuint to the'provisions of Article ILU of the Power Sakes Contretei, inchiding psymme, traquirsd to be rmade under Artlle HI of this Contract, mnd all other paymmnis ekblbulabie to the Prolect or to the Annual Project Costs to ba made tn accor.danee with or pusuahit to any dthez provision of this Conbect and inch other Power Sales Any such refunding Bonds Issued in accordance with the puatdona of this Section and-ae~curtd by wgmeirunt of.suicb payznenta ay rn~k part pe us to the security aforded by the proylaona of this Contract and of all other Power Sals Conutdcs betwtai the Authority ad the Parlid~panta relting~ to the Projete and to I/a issuance of Bonds therafos with all bonds thereto-jssued beto and ared In accordance with the prowisons at this Contract.Section 503. Adids~rnezu of A~nmial ProJect Coiti.In. thu avant the procsadle derived frem the sale of any Bonds turned pursuant to the pro-,isions of thi Contract the paymnent of which Ia iecued by asssignment of payments znxde puxsuaiit to the provisiona of this Cent~set and of all other Power Bales Contrncb betweoen the Authoritr and the Partlfouts ruslatng to the Project and to thne fesuenci of Bonds there-for, ae.oed the agIgreg~ae amount required for the purposes for wvhich such londs wer Is-*aued, tu amount of such ¢era shili be used to make up any delidacy ten* e.d~stin Lin any7fund or acCobft under the Bond R uolotion in tQe reanner therein proialdsl, and any busis shall be used to ret~ra, by.purchase or rai and redemption.
Bonds in advance of maturity, and.ks susch avent the Authority will zedtuce such elamenln af Annual Paruject Cons a5 uecusar¥ ted appropriate to feflet iuch accelerated retirement.
DBFATLT SecUDoU 101. Event of Default.Fallureoifthaexl~ttdpaat toznk. rcthe Authority any af.tim payment, for whfch pro-vision ls.made in this Contract ihal a default on the part of the Partldpant.
5ect~n 102. Coftnt1ding Ob~gealon, Rightito Discontinue Service..*In the event of any such default, the Participant shall not be relieved of its paymntn of the amounts Lu default and the. Authority shall havs the i, rnt to recver from the Participanut any amount In default. Iii eufocmean of ay such rtight ef r~ovss, An-thority ma" bringr any suit, action., or procteding In law or in equity, Including manudamus'andl ,ction for apsdfIc perfaimanca as ma~y le Ueciuar7 0! i~ppopriato In enfore any covenant, agreement or obl~gatfon to rmJhe any payment for which provision Is made in thin Contzset aginlst the andl~ the.Au~tho0rity mayt, uponl dt daysI writd.te noticsJ to thU Par-ticipa~nt, cease and dlccontlnuc providing all or any portion of the Paztldpant'o Bulk Po'w-, Supply." Section 103. Levy of Tax for Payment.*isa the event of such default by Lte Partifcipant, the Part/cipant chall proyide frthe .as-sessment and collect~on of an annual tax saffkcient In amount to provide funde annually to make aU paymntna due mundr the provisions of this Contract In each year over the remainder of the life .o' thie Contract and the Authority'chill have the rlight to rbilg any cut act~on, or proceeding In law or In equity, Iscludng mandamus ad action fre spedifie Wfanmace, to e,.force thu assesument and collectio of a contInuing direct annual tai upon all th tenable property within the boondarla of such Participant sufficienut Izz amount to provide inc funds aunnaIU~y n ach yu~r ol the rernaln.erogtheiUf, of thd Contract 19 Sect~on 504. Tl~ruia of Power and Eneqr.y Psui~uj,, Ia DeraU.In the evmet ci a default by
- Participact, the M~tlarlty elhaD trenafer, oni PI proita beia to .11 other Participanta
'which are not in default, liie dofaultag Paztielpmnt'a EnUtle-maul Share of the a ~outu md aervcee o the Project 121122 have been d]ac'ontinued by menul of aUth dofsalt, and the pru ritat portion of such Entitlement Shari of thu defaut-3 lgParticipant ma alialibetoma a part of and abafi be 8added to~tha Entltlm~nt Share of easch such banduree Partfcdpanl, and (trummore Pazi~cpant a]hUl be obligated to pay fOn l~a Entltlanmt Shari, Increajed aj aforeasiL, as If the Znftlina flShae of. the tra~sferee Participant, in.eted as aorusad, bad been etztel oriinally U the
..Share of the Pr-tlcdpant in (te Power Sales Contract with the Authority, provided, hoe'wver, that in no event shall tranfe~r' ci al part f a dshrultin Parx.ic, ant' Iln~tla lment Shar-e rasult In an oblIgat/on of a tranaf ares Particpaut In) buy output- and serviceu of tla PFrojec from the Antha~ity Lu uoff o the cenkysab eabhed5 Imttm annual hourly p~eak demand of s.ch transfe~ree and prorlild. that the obllgaltloa of the defaulting Pa.rtfripant to pay the Authority eJhill be reduced to the extent that payments sabel be receivedl by the Authority for that portioni of t]hu defaultuIrg PEartfcfpant'a En~tltlmetn Share which may be transferred as eforuald.Section 605. Other.Def u~ll by Partldpuzst.
In the evant at £ failure of the Participant .to establkbh, -,sltaisn, or cllect rates or charge- adeLUata to provide .revenue to enable the Participant to pay al ,anoztsn due to the Autbhorta under th Contract or in tim avat of a hfgr of he Par4ticpant to take from the AuthorTity 16 ulk Feorer Supply In accordance with the poyavuos of hi"Conb,4r or in the evet of any default 1by the Participant uander any other covenant, apeu. " mant or obligaton of th/u Contrut, th Authority may bring ay iult, action, or in law or in egult?, lndudbwfinendamus, In;[unction and acton for apcll performance.
s* may 'be ntcajary or appruprdats to enforce an, cOvenat agreemen~t or of ti Contract aeipnat the ParticipauL Section 506, Default by Au.hority.
Zn the event of any, deahult by the Authority wider any covenatnt, qoedamerit or abligaion of thu Contract, the Particpant may brng[l srty suit action, or proceeding Sn law or In eqit~ty, Includingl inandam~u, tW:Ucton, and action for epecific parfonnenca u maty he n, cessary or appmpriat4 to eniam~e an covenante, apeement.
or obllpton nf" ibis Contact eguinat the Authoritt.-SecUoc 507. Abezndeoamet of Remedy.In cue any proceedlni tiken.on account of any lefeult shall haye been dtscont(nued or a bemdoned.
for an reauson, the, par'tes to such proceedtngls ahall .be to "Utah" fco'mer poaltiona and r~ight and .11 r~gts, remadlee,, powmrs, and duties of the Authority and. the'Particlpsnt shall continue am thougrb no sueh proaeedlnp baA taken.A~qRTCLE VII MISCEO brIOU3 PSOVI.SION!
Sectimi 101. Chezacter and ConUnulty of Service.'.(aJ The Aizthority, may te mporar'il7 Internvpt or reduce de-iveries of electric energyr to the If the Aurthorityr determines that inch Interruption er .-educton La nacausary Zn ease of emergetncie or Lu order to inatelU equlpuant In or aaka ripareto or replacamante, 20 aImTup 'Dalamup Ij' Auv 30 n0 UUU~dZ5 puI L41jiqu3 flU nlo osi! .mwtuuw sim, pus ,Lumupu KI"Li tzut m&l~dn.Z 1Jotl p, uoajvn4@ paw t~Su'3Uts)v'
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' '50w(1 uo~mp s~qu* .o..d iufql; pus '.zpmzq; saom aq 2iz.qi 'aaJ;:0p.t .TO uofl~df.,,z.;aj .poauwpTipo A~lZm..2o U0o15J5a2 S1 flo SDUVn'u;i51141 uebra ta.d o4 :o ,30 put ,iuod'qw~flDUAU
.0 or actonJ, Including inur to or deat'of pezona arrsing from ny act or accident Lu con-nection wi~th presence.
maintenance and operation of the propert and equip-of the pat mud not caused In whale or hI part by the negrligence of the other part; prvded that an liablit wh ,h.I Incurre by the Authority thrug te opec-atlon and masintavJnce of the Froject and not covered, or not covered aufflanly by lnsur-Authority to liabilty abafl become part of the Annusl Syntem Budget Section 705. Other T'erms and Conditoew.
eaablhetl a part of the Autoit' nervlc rules and regulfatns, 'whicshal be -connertnt with this prvsons f thi Conbnet.Sect~n 706. Asf~immt of Contu+/-t* () Th nbntnst haf 1 nun e tothlebenf of udm bul bebfl r v UP l~nthe rnC vO successors and assaign of the parties to thins Contract; provided, however, that uavrt anPo wided in ths event of a ddault~, and, except for the sulgnmmtnS by t/he Authorfty author~lu hertby, neither this Contract nor anyv intnert hiecein shall be tzndurud or assigned by either pat hereto excpt wilth the consent In wrltng of tb. other pat hereto~, provided, howezver thaist such co~nzn shl be w'ithhld unxeazoahv No or transfe of this Contrast nba! releve the pale of an obligat~n irerewaa.(b) The Participant aclcnowldgeu and sgnies that the AuthorityV may a.sIgn mad pledge.o'the Tr'ustee md CoTutee dsinted4 In te 2end Resolution all flte rlgbt, U.t],. andl In-ter-est In md to all papunonts to be made in the A)uthority under the piuvslni of Aatide ZR!" of this Con~tact and aUl payments attribtrable to the P:rojet' or to theA'nuul Pk'olneto.t t.o be maed in accordance with or puziint to ny other provsion at this Contract a ecurit.fepldtheppyeta
- erlnclpa (Incluig sI3ln~ldn fundl fnstaflment) of, an ]prwwlum,.
any. an ntrste~5 on al the and, upon thme zecu~on of much asalgummit ant pl~!ge, nucl Trutee ,hafl have al rights and remdie herel prvided to the Athry,,..ad any refern~ce to thi Authoit shl be £este4 with the :eczais an. I n denta]. to indude such Trutee which shall be a thir pat benefcr of the cevennt an apeof the Partic nt heri Sect~on 707.. Termra~tion or Ammadaent of Contruct.whatha bae upo the deault of the othe part under thi Cotr or any othe £nstra-zuert ow' oth~rw(se
,-,capt as m .edflcaliyprovided In thi Coutract...
that will ad".muly afec the maturity for the Nonds aforded by the pryan of ti Con-tcg overs thle piachs and asi o power hereunder open which the ower fro ti to time of the Bons a u an Inumtment to patches. and hold the Naa..S long ma any of thin Bonds axe outstan~ing or unit adequate provihnis for the pamai thinseaf here been mae In accodnce 'wt the pzruiton of the Bond thi sh not be earcredm, modifed, or aoterwie m/tered in any manner whichT will the pay-mania plde u security for the Ro~ns p" exted .the tie of suech peji-nente prvied here-In or which will La any' manner Impaijr or affect of thet mes fr'om time to tfmi of the Bond,.Ce) None of tine Power Sale Conrats =may beams~udad as to any one or maoPre cipantSt 22 as aS to provide terms and conditions different from those herein contaned ercept upon writ-ten uotree to and written consent or Waiver by each of the oter Partkf fpa.,. and updu aimlar"am~en~et beingr made to tha Power Coufrnuct of any btherPartdlcpnst rinqueaf~nr such ammndment miter recuipt by much Pertrldps of notice of such amendmennt.
FUVBPROJIEL7T UNDERTA I4 Y AUTHORITY Sactoci 801. "Future Projects.The Aothority.may f~rom time to tfne conduct studlu an~d negot:[sions with respect to plannin, dhslgnflzg ffinancin, conetuctingr, tdmfnlsteringr, opattrab, .end nslztuinf~r ow otherwise ac~quiring future. generation mud tnnxiaon fadhlftiu or rlirhts to the output thereof in a ddition to .those coutemplated.for the Project, and roay mneic to the Participant that such future fujiitla be unurisez4n by the Authority.
TI the Partcipant wishes to partclt Ineand the Authority within to undertake any atudh futu'e the:Participant Shsfl execute a contract therefu with the Authority.
-5ecttoa 80a. Future Partidlpaaig.
It Is ex..tssly understood that noug~fi herein inhall preclude other future pesitclpantu fruin *oaliacbing with the Authrty for planningr, procuringi, enyil provldi[ng such other fu-ture partldpuns' b"ulk power supply, lnmdudlng p~artlcipation in other projects Widarelisl, by the Authority.
- .- *Sect/on 801.: ChanJges In Erktalnir SRPA hmzigmen to."' "" The Authority may negotia~t bulk poe supply with the Boutlieaataru.
Power Adinfnlstzeton and the Georgi Power Company for changes In the currently suiting conirada between the Partci*pants and Southesatern P~owerAdniinietrahloneanbetwee Gnr-ga Power Company and Southeuate-n Power Adxnlnistratlota wldch~chsnps" arm for the ax-.pressed purpose of loweringr the Particfpante' ovurufl bulk power supply *c~ti by acqobltlon by the Partlci]tnti of their flllakwful m~otments of Southeaster Power Admblsbtl~ton pwer. 7t1 much e.xpreasedL pnerosmas schavsd an the Authority wiahu to: undertake eush smrnguments, the P~articipat may execute eceutruet therefor with the the Pertldpant ms7 musl"n lts allotmnent of Sou;tbaaate.-n=
gws"Admlnlstr..lnn power to the.Authority far dellvoz7 by the Authority to the Pemtliclpant.
- .Section 104. Other SEPA Amnennm ts..,*The Authority may negotiats other bulk power supply arrangaiment with the Southeast.
erm Power Adzhimnifsratlon relatng to other projecI.a of the Soutoautern Power Administra-tion nuo now Included In tne curretntly .xistng conltracts bet~wee the Partcipant atd the Bouthmsatern Power A~dndhtralfon for acquisition by' th Partic~pants of their full lawful of such other projects.
The lPartfcipant may asign its of such other projects to thei Authority for delivery by the Authority ta the 9OB.. AJJocsto of Costs.Until the Authority shall undertake a future project or until the provisionn of Sections 805 or 804 hereof relating to SEPA emngewm~ta are £nplernentud, all operatingrand reain-tenant, *osti relate-d to the operat~ng and *onduct~ng of the business of the Authority shall be treated as. A'pnual Pro se~t Casts and, upon the undartaldur by the A~uthority oaa future project or" upon Ihnplemnetatloni of the provisions of &qctlons 803 or 804 bersof, the Atuthort-23.q ty s uul liocate an approrlat.
uliazo of Its.
ad geieral nepu to nuc~h 1+iuhr." projmc& an'd muc Lra'nga"m-', inder Sectio,, SO8 and 504.In cue any one or ~nrg of the pro~!mons of this Coabract hall /for any resson ba held to ba.llegal or Invatld by a court of competmn~t jwisdlcffon, it is thus Intention ,f mer-h of the pasties hereto that such Iflglityl or Inyalidity sabl n.ot a~f-t Mtan other provlalc here-*of, but this Contract shal be Construed and enforced a, If aui ifiqul or inulid provision had not been contktned herein, and this Confrect shaf be coastrued to adopt, bet not to lares upon, all the applicable provisions oI said Act, and all thu appllzsble provisons of the Con~tltat and fines l. laws of Georjl, and, if any provrbdons
!zeru conflict with any applicable of maid Constitution.
or.lawm,.tha latter amad8opli&-
by the legilatn-8 and as int,.rpretd by the courts of thin tat. shall lrevail in lieu af any provision hereof in eon-filet or not: In harmony therewith.
IN W]'TNESS WKEREOF 1 the Municipal Electblc Authrity of Georgia hbu caused thin Contract to be exrecuted In ita corporate name by itt duly authorized offcers mn4, by the hereof 5t. achukowledged that paynients made this Coiifract mar be a~s.ined, as lprovided in 5aiinm 'TCI (b) hereof, by the Autherlty to the Truatee and[ Co-Trustee to be dessunated in any, Supplezmznta Bond Re~outouan easecauriy far the payment of nfl Bends of the Authorty., am gee forth hi maid Sectloa '1O6() besse, and the Authority haa causaed Its c orpram.ta seal to be hereunto Imprusled and attestetd; the a ba caused this Coix-tctto be executed In Its corporate .name by' its. duly autboised " .aeiu and its *orporate aeal to be Impressed and attete, and deliery hereof by the AuthorftF to thu Par.ticpat Is heeb arknowleilge, all as of the day' and year first abao e-written.
OF GEORIA, BY: ...............
.................
BAT......*..............
- ........
...R ' .......................... KA.OR U DF.SCNWJXtON OF PROJZCT bililil Fadutle." The bIntia failiti of the Prolect'shall he the following:
L. Inzitil Generjton and Rehtatd Trunmleoa Tarfltlea Indluded Ln The ProJect.A seventeen and ,evmn-teuths percent undivided Interet in the two 0'? nominally rated nuclar generting units eo be liown us the Eidwin I. Hatch Units, Numbers On.and Two. (Ind~vidually d~esllnated as Hatc Unit No.1 ad H(atch U.nt Nio. 2 and callectfwely designAted ua Plant Hath] to be located near Eaxler in Appllng Cont~y. Oeorsia, hicluding or such units (i) lund delineated and durie in the records of the Clare of the Superior Cotirtof AppllnI County. Georgia. Ira Flat look S. page 8!5. and Ir the rwc~rda of thei Clerk of the SUlperorof Toombe County, Geori, is FinPt Book 11. page 34. and ill land rights pert-ining thereto. (Ii) the nuclear power reactors, the turblnae-nerator
.the buli/¢inp Ihousing the aime, iii and equipment, and the related benixn~za1u ficllthes eU aamore Pnur-culirly deicribed In 11w Application, and amendmenta thereto, by the Oeorgta Power Coupan befosa the Ato~maa Energy Cominalsen in Docket Not 5O.321 and 50.366 and the Safety Raport. and amendments thereto, which constJluta a part of such Application, (ii]) £nvwtntrimm.of zzaaterius, supptles, fueL, tools and equip ment for iusa in connectlon with Plat HaItch, and (1w) the Plant Match Ezdlua delineated and described in the rucords of thu Clerk of the ~ujperdor Courtl of Aeppllng County in Flat Book 8, jpaes 86, 87, and (b) Plant , A thirty percent undivided Interest in the two l15G 54e sated nuclear genexntlng
- units to be tzowi es the Alvin W. Vog~e lNud.] Units, Numbers One and Two (Inlvlually deslinated as Vogtla Unit No.1 a d Vol~e Unit No. 2 and collectively desilnated as Flint VoigJe) to be located hear Wsynescaro In Burke County, Gorgao Incuding for such units (I)* Iu~d delineated end described In Georgta Power Company Map F1lat *8-8-. to he resorded in thet recogdi of the Clerk of the Superior Court of Burhe County, Georgla and eli land riht permain.big thereto, (I1) the nuclear power reictra, the tn~bfnel~mne.tos, Ihe buildhziw housing the same, the isocinted aualllaries and equipment, Bad lie related bansmu lon facilities iii a. more partIcularly.
decrbd In the Applicaton, alid s~nieadmenbs thereto, by tha Georga Pewar Corn,, puny befozu the Atomic Comumisson in Dock~et NOL 50.424 and 50-4,q and the Pr.-Illmznary 5afety Analysis Report, and amendments thereto, which const~tutes e part of such AIpplcai~on, and (ID) Inventor/es of materials suppUer, fuel, tools and equlpments for its In connectlon wit Plant Vogtfe, provided, however, In the event for any reason Bond. are +not Iw-ued far that of the Poject des~gnatsd au Plant Voitle, the Caonities descdbe&Inl 1131 eubpsza1aph (b) shall not bae a 1 of thi Project.(c) Working Capital.Wenardong Capital required h 1-the Authoriy duringr constructloi on this Pro~ect and fco'Sthe plaidng of the Pr'oJet :In providinr Bulk Power Supply, 'Incudingl Supple."mental Zaalk Power S-ppIy, to an1 the Partdcpants.,
X. In[iti FsdcIg Xuli id uad In The Project.Those' fsd~tlu to be acquired and consb-actzd b the Authurlty 6urbzg then..time prior to the ComZnEt1I Operatlan Data of thu lut of the eatratfinr of ib P 1roject to ba n cmpl~dt In order to zieet IL. Iziviautazt duxt4 Imch time In connection with --7 agreement for an I at8V~ated triainlu t which the Am-tborlt. be a put in acorae'with the pro~si~uso of Secon 10 of the Tb, a dditfocal Projec ch be thos e nitloun andIm t the electri pamitlo,, aid related traurnmfsaon tacflitlu and to the treumhdon qltm fmcflltlei of the Pra SECt prod/ded for in dlaiues (I). (tU) and (iii) of Section 102(u) "of the Contract.-SC1E11ULZ 07 8RARE.F 1. PAT c2YA2qTS' ENI47LDL,~baIT SUAtERS OF TiE OUIw1UT or TEGPM~xRATl~
FACIIJTIES ESLATED INCLUDED IN THE PJWoET Th. Participants'
'Enttleisnwt 8hbarea o the utput: an ae*icin of enerlatin ft e (Lnciudirg:-t-ted facilltfe) at tbe Iroj'ec wlzdi Project tndude a maen-a tim and awam-aitba pecet untividad inietst In Plant Eatc- and a thrt perunit undivided Inte~rest in Plant Vogtk both of whieb murs more puqartlnll 4~Ie4 In thr" Descriptin ofand of the cervkces provIded hi the Authadty fu accordance with the prorftlona of Sqection 10 of the Cont~ract, bsisl for each P .allclpt be thoai En~ttlament S.arsr act forth In the of~lo Winadzsedule
' .i ADEL BUFORD" CAIRO " CARThE3VHIJEFARE.DOEMJN DOLIGLAB PLLEBtTOt 0.510 1.418 14.151 0.655 0.351 0.015' 0.5'(4.1,$18 2.256 .5.304 0.1160 0.129 2.305 V.64 1+/-,.68 0.489 0.3 69 0.861* 1.580 2..638 1.76 DA.Ta 0.692, 2.540 1.251 She, M~t.10.12 20.041 0.330 1.104 2.78T 0.119 2.607'1.101)1.84'7 Ad~tksatme
- 0.61 o.157 0.088, 0.866 2.772 L 1086 0.659 2.677 8.410 0.111 2.,609 15s GI.ZLANTYLWLi. GRANqGE M,/wlLNcs'vaLx PALSO 'wTOTJNGT*0.247 0.265 0.344 0.526 0.932 0,.379 L547 .1.816 0.090 0.089 1L600 5.010 0420.517 4.380 5.5391.809 0.052. 0.036 10.351 .11.319 1.609 1.345 0,.8.3 0.755 0.212 0.2,57 0.7i47 0.765 0.537 0.818 1,757 2.a89 0.144 0.95?" 2.29 1g.27 5.'!BI 4,3940.544 0.085 0.109 100.900 .100.000o 0.298 0,96/1.3621 2.954 0.'99 1.304 8.809 2.092 0.019 12.448 1.t44 0.320 0,928 8 .042 -1.216 4.409 0.121 100.000 O.808 0,98B" 2.152 0.294 0.496 1.105 0.021 12.155 lASS 0.402 3.051 1896 0.341 0.829 0.630 0.715 L099 0 .97*0,124 100.000 lbse Iin~til Entlt,,mant 8Share N~tiforth aboyma shil be he. Enui1.~emt Shea, for the..period .ommmndnvl th'e Ccnmmarfda Opertioan Date of ateb TUnit Na. 1 anA ending with the Com~mercia O~peralfon Date of raic Unit lo, azo*DiC~Wi 33, :1973, whlebever In the earlier. "".. The E-nttemef~
nt Sham .A.lter FfritAdjuatmuit abut be tbe Share for the period the Coca~mada2 Opeiela Date of Hatrd Unit No.!I ow Januaxry 1, l979!, *hlchleyer
- 1. the earier, an ending with the Comnaaadal Olpertieu Date ai VagI~e Unit No.1 o Desamber 81, 198Z, whichever Ia the earler." 5"he Enftitlment Shae Alter Seaind Adjustmuent shl be the8 oUttlement Share for~tha period with the Comnmerelal Opezetlou Dautea Vogtbe Un~t No. 1 or Im~'ru,"1, 198a, whichevea-fa the u*Iller, mnd enuding withl the Commerdall Olperalon Da.l~ of VogtIe.Unit No. 2I or Duember 81., 1988, whdchever I. thu earllpr.-Tie Entitlement Share t., th'"rd Adjustment hallJ be" the Entflt/ient B~am for the penlod ernnmendftg with the Comuierdal Operation or: Vogrle Unit No. S or January 2, 1984o whl~heie :. the wexrllr and endmnl 'with th las day oflu te." ti thet 271 provided howairtr.
thzt In the event Plant VotlUe kslnot *oos lcted, thm*EnhtitmlemtSharu A~ft*Second MJaahziat and thu EoUfm,;,at Share Aie Th Mjnsinment shell not be a~pUcable, end tb. Entitlament Shr Akftr Flnt Adjuatmtni shall i'ppl~y for thu priod, commanchnl with thu Com~medal Operation Dht. of Hac Ualk No, 2cor ,Zm-uary 1, 1q9'.9 wtlhohiox I the ewcler, end ending with the lert ds7 oflb tar s of the Contract;.
and provided furth that the Authority, 5zn ucordunci with'tb. provioos dt Seckion 812. of thi Cotn~ct, wil sel thu out'put.nd uavc of such Interests
!zn Plant Hatch end Plant V.1 tbi to Qooqia Power Coapzuy~in ucodazds~c with tie followingr acheduiss:
t (a) Hatch Unlt No. 2 and'Hatch Unft That Fortlon .2 the Pawu SumppS Yearr atst the Camznsela Opertionof Unit of th P:rujact Thitf Full Power Supply Year Following Corunmrdel Oprtion Data fleond Full Faowr Suapply Year Followingr Coawmozclul Operation Dlate Third Fuf Power.Oupply' Year*Fdfowintg Com~merda Data Fourth Ful Pwer Supply Year Followingr Cam~rda Operation Jato F~flh Power Suppl" Yost Following Ccmmer!a Openticn Date, SthFull Poawe Yost Following Caiaar Operation Date Sveenth Fud Power Supply Year Followin Couminre~u Opoatiou flat"Ce.60.0%25.0%25 (b) Voute Unitlo. 1 and Yog].- ~Un~t Na. 2.* To be sort La-Tbzt P'orton of te po.. Suopply Year"Remalninlr A.lter the Commercial Opermton Da f aUnlt of the Prvject * ..0 F~rat~uD]
Power UUPPIT YMt FOUownJg Commnaelh Opi-nt~on Date Second Full Po,4r Supply Year Followfnr Coxammrual Operation Date "8T7.5%Thlrd Full Power Supply Tuar Folio wfzii Coim.rcial 0p. rtion Date 57.5%Fourth Full Porer Supply Tar Followingr Conmnurci Operation Date 25.0%Fi/fth Foil Power Year rollawiug Cosmnereial Opeation Date 25.0%;Slith F.Ul Powrer Supply Year*Following Commexcial Opentoza Date 1Z.57.-uweuti,.F, NlPwer Supply Year*
Conmnercial Operation.Data.
.-Provied, however that for the purpose at deerminingr the pezunaf~e o outpult and aerrfcesa to be soid to Georgi Power Company, the Firat Full Power Supply Yma. F~lowleng Comie~r.,-tion Date, wlth Vestle .Un,,t No,.1 aall beno later than tha calendaeryear 198f4 and with respect toVogil]nlUt lqo. 2 chau'be nolatu tlan the ea/ladar ya.r ISSI, and the pe.rcentage of output and servicea to be mold (when such output and aervice arm avnaflbl far such aeJe) shal be taken from the foregobzg achedole for- the appropriate year bui ld upon.the *oaudzzede presumption that the Opermfo Datb at Yogt Uait lqa. 1 Ia Do later than tha year 1918q that the Commrca Opnwatlon D~ata of No. Ue La no later then the year 1914, maud piavidtd, finrther, that the amoant of much capacity sold to Gear-..gl~a Poewr Company shall not exceed 21% o athe Authorltj'e awnaruhip abae of the eapadt of VogUe Unalb NToc. 1 ,nd U'ovhh the useful l]fe of auch umita.1t La underto that there shall not be any reductnion fE ntlt/emnnt Shazes at the Par-tadsns reulant of sa h sals of output and service to Pawar Comapany'end eaeh Participant ahl remain liable for ite full NntUement S1hat' micapt much liubtltty ehell be diaehiarke to the extant the Authokity recalva Georgia Power Company.'UX. PAITICWPANTS' 8H.AREJS OF SEPRVICESqOF TRANSMISSION SYSTL,' FAULLIr1Es INCLUDED UI TH PROJECT.?m " r_, .tissssd..pan Entitlemetn Shres of Servies of Syta Pacfltltee Incduded (n the MPrtbee sall be determn~ed tby the Authority during inch Power Supply Year In iccur-dance with the proviuona at Section a0a of the Contract 21 POWER SALES CONTHACYF and of Conact 1 made Intoa o~u , 19'1,by mad b~iatwu.*the Mwat~uI Authot at' Oeamja. *pubilc bodyv corpanut and polito mid I publi corporatiom of the Gec ipt, berulnafter ,ematima dealpetd u the Authority, created by the puiaxma.n ofI Ga. L. 175, p.2.07, u amended, and the undtsldped politm3icnu~bdal~son at thu Stat. a Gor.gla, herenanft manatlme desnted as the .Patidpant.
-WXTNRSSETE 33 it ruembezb.ed that a Powix Sials Contact of Octohar 1, 19'1, has been priaua~y executed by and between the Authority and th Partlcipial, and WiiDX.AS, the pa.ties desir to amnuld said Contract In ce~tsn respecti.For and In eonskderaton of thin premlrn arid the mutual covenant.
an agz~ereuebt herein-afe et forth, It La .apau4 by and betwumn the partieJ he-eto us folowa: *'Sedaon 1. Saud Pow'er Baes .Confractamhal be dstqd as of bachi 1,976.Segtan 2. Section 2.02 (1) (8) "of maid Contzact h dallied Its entzety and the fol~owizi"(3) acqulitian of CnIaJturn c fel or5. n~antoz fag any, facility at the Project mud worldog ca.uta and zeavus therfor and wordnag capital nd rejrvem for taloaji fuel and addi-tional fuel Lwntorlea.".ectio 8. Sect/.on .102 (.') t said Contrati ia aumended' by delet/n the word 'Out~at" in foth toe 1thamof.* SucI~on 4. Set, on 102 (a) of said Contract Is deleted in it. entirety and the followin new Sectlon 102(o) is s~sutftuted In lieu t.e.eof: "(oi) 'Fue Coat' abalt mesn m costs Incurre by the Aukharlty durin any Poenr Supply Year tbat are aflocable to the acquidltion, prnaausinj
.l.lcattoa, tunu~portatfo., dultvurn, zrproceul...
storag. and diapoas of nudeva mahnula --d of tomUmkzfals naqufred for any of thre generation f~aclte of ths Proect, In ladgntransfers to resarva ehtablihdbyt/be~r.
Autfhor-I ro fo auch coals related to future Power Supply Yeaxu, less credits related to such costs applled u appropriate in the discrttion of the Authority.
Section 1q. Section 102 (a) of amid Contract Is deleted in lb entrety arid the following new Section 102 (a) La sutetituted In lieu thereof: "(a) 'Project' ahahl main throe electric generation end reluatd Lrnslssou 15c11itUe5 which are identified hn ths Durptiton of ProJect tad throe tzanainiuon systemu recfiInes to which referenoe Is made to the.Desc_,"pton of Project to be acquired and conrtructad by the Authoity, during the Ul~ prior to the Corojerdal Op¥ertion Date of the last of the frmnm-tin.
facllties of the Project to be completed in order ,o muet the Authority's Invlmienmt reeponslbillly during such time In connection with any agreerent for an cintepted tiuzsnastfon eyaamn to 'ehiLcl the Authority may be a party in accordance with the provisions of Seclion 802 hereof, together with (Li any, majtor renewals, replacements," repairs, addlt~ona, bettements and Improvamnerta nices-aar,, in opinion of tie Conraltiag Engineer, to keep the Projectin good operating condition or to prevent, a loss of revenue theref, om, [II any matJor additions, Improvememnts, rpair~s and m'-odifi,,atioia to the ProJect mad any decommu~slonhip or dispo.als of the Profect. require by any igovnmenatal agency~havlng jiuisdilction over the Project or for which the Authority ahBS) be reaponsible by virtue of any oblfgation of the Authority ,a-sln* out of say contract to which the Authority' may be a part relating to ownaraip of tii Project or any faci~litythereof, end (ill)worldng capital required br the Authority during conatrudon of the Project and for the~plneng of the Project In opeuutlon for providing Bulk Power Supply, Including Supplemental Bulk Power Supply, to the PartlelpetL"**
Section 6. Section 401 of aaid Contract Is delited n Its enitirty stud the foflowlnig new Section 401 Is mubstltiated In lieu'thereof:
uSection 401. The Authority will provlde or osuse to be provided to thre PartJcipant ltb Supple mental Bulk Power Supply dwi~ng each month of each Pewer Supply Vatr. kuch &zupple.menial Bu~lk Power Supply m~ay Include, butabl~l not be limited to, pax t il and lull reqlufrainent power purchass and unit power service, gemalttin capaity noarye service, fire and nonflrm capacity and enelgy akrlce, tranemsm~oca service (Including trarnshalon eervtce puxc~hamd by the Authority to supplement the Particlpant's Bntitlmenret 8ba of servics provided by.tire Authority frm those tajrmlaalon aystemsa tsfalteg Icluded In the Project) and other enhcbaage service made avallible as a result of tanmsactio with othor ullt~i. fia, leoasto to the Aquthority of.electsic power and enery purchased by the Authority from other ttrihtteu bused u~pon btriffs fled by audi othier utiities the )Federal lower Comminion
'will be dfrectly reaecded In the monthly Bilingr Statement to the Paztiprnt Such monthly Statemenot will Include a oredt for such delivery point frnalasion facilities as are owned, fineeced, or operated by the Partic~pant" 5ection '1. "Secton'101 (b) of said Conrbkct Is deleted in it entirty and the followln'i new Section (ii) Is mubtiatud hi lieu thereof: "(b) Additional Bonds may be acld aund Issued by the Authorit in accorda/nce with the provbdions of the Bond Resolution at any time mod from time to Um* In'the ewrni funds ara required to pej .Rhe coat of (i) any malarzanewsls, replacments, repairs, additions, betterm~ieb, or jmprovtawnts, Io the Project necessary, fii the opinlon of the .ngineer, to iceep.the Project to good operatingr
- ondftlon or to prevent a )oaa of revenues therefrom, (U) any ajoer additions, Imra/ovemeets, repairs, or mndlfktlctona to the Project, qr daeommlulonlnp or diap oass of the Froject, retuired bj' ay governmeantal agecy having jurisdiction over the Project
'""* ** " ... d...."' O "'".:O " A. o..* .Project or u..y" facillity theref, or rel.oad 1ue2 or additional fuel inventoay for any generat~ozn fwfllty. of. the ProJect In any Power Supply to the extent that sufficient fundi are not.avegabte tn any reserve estab~isled by the Autliority Lo: Fuel Cost,; inovided however, that no:uch additionsl Bond.srosy be iD~Utd Ior the purpose or ' nding additional geneeting unit, to the* fojct.Section 8. Sect~on 501 (c) s .deleted in the Its entirety, and Sect~on 501 (d) isrenumbered Seceton. 501 (c), Section 9. The ..atacbmmit to. said Contract entitled "fledcxptlon of Praject" and* "Scbeaula of Entitlenanai
£bmat" teouzstlng f olfive pages 5 deleted In itt entirety and thi.ecrption of snd Schedule of Entltlemnent Shares attached hereto Ia aubstltuted Ln lieu theiwoL**Section 1I0. Sa~d Contrac shall rerrieln in full force and effect except as h~eren amndend.WY2IE WHEREIOF, Th. Municipal Electrk.~
Authority of Georgia and the PVartLe~nt have wcaed Ilb Ainendment of Conbasct to be euecuted In 'thelr *orporate rsna, by ttwfr duty a uthnsized officeaw and thek corprate salak to be hereunto imprened tad attested, .11 au of the.day and ye,,fl' t above -.* UNCPA;EUn.9t.~9R 77 1 f*d '
0 9* 7°.4 a Iul;usD puzgj~on;, I £ MJ1 o, i1 "Ul ,=3 111wu) pap)Afpuwl usn..ut ..qy"t=01Lo. 50l ,To d U sqa 011u (q) qdvz~isrudqna vq '1 paaj1.np
- 11 31ll 3 0A 35tk[ U pew;talpap alp i0 aolood .toj lou saw spuog mnaz £Li .o;. VIuAS'fl00 *IU~3m 10 D03iSuo Cm) pu, 'uzo~qsgdd jo qzduz, qr.qu 'omzmpiow "porwI £31p9 11 paw put,it'-Oa
'*j 19qa~a pms 'wwansmti~
put .;mzu 514 'euz .6 llalnoq dUptpi kp ,hgwzuat4Ujqzn rmEmf jo aojdnl mt1 ;o q~lDsq ,1" rpaa:,i sq; cq wpb~os- sq o; 'SLI1 ';t£ PbtwP gl;-"ij STI& dqq £awduao, U"AU U) paqpfp pmn pu~qmu put Cl) mP~ so;liqepUSJul Se1i U Zoqml,/w, m,, pot:,, sq 0o Wu'Id" np?~3Pr~~$£tu1:swaa paw If "oR lu 'a1 3i'A1 Put '[ "ojg ;u *1= tAo., n Ipsivdlnp AXllp'niWuJ.)
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'eI*gV 3Gj @3kzo lujujvnd .wuufl543£tI w a' ,Wl 3ol ~nxr d qr:; w* !-03 mp{o uo13fqa [ ino~sua £tzw p Iq pqmlqa sq truq Lu,,41n': i tIu'W 3U U3 W !W .p11.aIrnL U1 J 1'aw £gioR'ny aq' ql~&S 30341100 * =;asodI p, .qow jUq N5,1.5tUfl1ZJ auw l'" o s'4 31501'-jAqlI o 50 a VoW SaO £.11103 fia zaod paw 4I ss g 'qi £ahilnY 3113'm:s©q PUU'LS '9 mudl '1 111 U. 1(10 D ZnO)Z* .o 9 01o J0oqDO '41 P .pioss 91411 p.qJZSSp pow pbnwuflp tq0t3 3011 iq (at) put 1(zw;unmxj put f~ge-o pum .iot4 u) :JWO3y mql
- awdwoD wL~soaO uen 'oln~ql Fu 'uo/li~d.y aql ii puol-itP.
,1W1n1.. 143 3U)Ki31 ./ul~a u~plpq *qi ' 3o3303adU{qW4 313 32l o *a~ p (g ) 'oqS-Stq.pno zouzdn sq; jo wq1 JO rnpo.3, ,1 pm.u pu, pmwwmu puuj (1) lnaq
'q~aoj hu.gddy 11 £uzw mu p111=oi sq ('4hl presit pa~uulpop LisuA41"a'1oo Pu "aN 1( put T "oH 1luz qaltq nt pe3Uuipnp
,£rmnp3Ap)
'oa.,4 pu;U0 wqm~ln/ 'plm{' .Z33lflNPn,,H'.l1 U3'MP4 sql it UMoIU sq .i qs~un Iup1,uu! nU3a1 P~3U'.£[lwu)Wau a3qp.,09'W&1 p1 11 35U33Ul pUpIP~Un 3utsmzd hI'33UIIS~h pUt uU3OAIa Y 1jWH3V) (w)* ao],l1Wmu,&
p531)Wlj pu, asp (113111"1:h~loflO iq sq 1'T 3sa0l~ 43 O "S{g!3 '=")U Kr, p S unite to be known a thei Hal Wanaly Btemi Plant Ulo.t, Number On, and ?wo, (tndlvklually desiiatd -Wanilay Unit 1o. I and W~mnlay No. 2 and coflectively duulgnntisd u Plant Wmasley) to be locatd near Cmntrubatchu*
In H-eard and Carrgll Counties, Geosruia, Indudb'i~
for such unite (5) land" deliueated and described In Gegrgin Power Company Map Pile K4-I- dated J~m. S, 1912, to be recorded in the rcords of the Ughak of Superior Cour'ts of Beard trod Cef'oil.ConimUe, Georgia, and .lI land rllb pertlirhrg theto, (U the turblneienszmtor, the boilers,'the bflidhnp houelag the ame, the etak, the coolhi fecllltla, the azocltad auxnIsuda end equipment, and the redtamd tranaimludon faclltiua all as more patculeily dusaibed'fn the en-.itronmezztil Impact reatn to Plant Wazuley. anid (15) Inyintodus of nitcsleb cop-plss, feL, t~obs en equipment for usa hn connection w~tt Plantt Wa.s~lty, provlded,,howmvmr, in the ~eventfor any reason Bonds are not Imued for thiat oorton ohe? jaoct deafmuatid -Hent Wanaley, the fac~il If duszibed In thi Subpe.zupaph (c) shaBl nat be
- part of the Projec.A ta peseent'undlldesd Interust In thu four Bi0 MW -omlnafly rated co.'.fred SemuttYlunits to be ]aiown as the Robert W. Soberr Sbt,.i Flint Units, Ilumben One, Two, T'N.., end Four, (Ind/dwlus]y dedpathd as .Sorerm~ Uni!t, N 1, Soberer Volt No. 2, ~clherur Unit N~o.5 nd Sohrer Urnft N~o. I ,and *oiluctively desgnttd us Plant Scherer) to be located near Faonyth in M4onroe County, eorgia. Including1 for sunh units (i) land delfuesed end dannsbdl InGori Pow.? Compart} Map P/Il ?4-85-B dted December 191 1974, 0 ontslk approilmately twenty.sewn hundrd mate, topt/ar w¢th cuob additional Wi of apporazmlly tan thosad -am a cq~ufred or to be ecqufd for use In connection
~with Plant Soberer, to be reconded In the record.of lb. Clerk of Superior Coant of~onu'e Couny," Georgia end all rand rights pertadlnhagtlzervto.(li) thu iuzbfne-guunlo, the bo~nce the bufldinga housing (ho aamti ithe emb, the aooU~nf fcit.ieS, the" ioclale and equipment, end the nulatad tk~usmlsson faclilat era.*more putuld descrbed I te anf, urarnmentW Impact etatemn, t reangtot Plant Schear; ndln~eatosls of matnila, supplla, fuel, tools and equipment lox use I toi ecnn u with /lant, Scher.r, povldel. ho~wee, in the .evet fot urhy uon Bozzdgu areot Isued for that pochon of the Project deslgate sa Plant .Scheme, the f,,,iLtigi desaibed In th aubpasah (d) saDal rot be a pert of th Wor~ag ChplthI required by thm. Auth orft durn const-uction of the Project atd tar the pjudn; of the Projec hr operat~on for piotoddi Bulk P~ower Supply, Inlud~idng Buapplamnaute Bulk Power Supply, to dli tb. Pert/c~panle.
/'Those fatlifties 18 be" acqui~red conatructed by tii* Authortyr during the* tlzme in the CommardUl pe:aton Dal the last of the generating fac/lties of the frojic.to be completed ic Order to meet lhe Inves~mnt reapoodhll]ty during audi tune in connection with any epeemant for an Integrated bzlnnmnIOII rytetnl to which the Authority may be a party In accordan.e wi th l prorhnos of Seti*on 802 of the Coatract.The eddlUonad facilites of th.e Project sha.l be thee. additlop and inaprovemento to tire electec g,,,ertlom.
tnd related bauemlsrlon fadltluaid~'~
to the benzrshon eyesten fadhltis of the P~roject provded for In causes (I), arid (II) of SectIon 102(s) of the Contract.8 0* 9 SCHEDULE OF EN'TIT fA .L PARTICIPANTS' ENTITLEMENT SHARES OF THE OUTPUT AND~ 5E2LV1CE OP THE GENERATING PrACELITIFS (INCLUDU4qG B.ELATEfl TRANSMISSION FACIITITES)
INCLUDED ZN THE PRQJECT-The Partcfpants' EntUlsment Shares of the output und ,erice, of thu en ioaaln fa,,litin (Including relatad tunemlsaon fahi~tie.)
of the Projeet, and of the uerice provided by the Authodty in accordance with the proviajon of'Sectiorr 308 of the Contract, hallD for uch PzrtJclpmst be Chose F, Cntiement Shaxus uet forth In the following schedhule; provided, however, *that In no event shl the aha.,o of any ?artcldp-,t be lear than that set foxih in the following echadoue end psovtded, fur-ther.
that In the eaent any one or anoue o the pol~luI eubdWvieon.
Dated In the following aehedule shl niot execute a Power Saies Conts-zct with the Authodty, the nt Sh ,u of the zeinedlni Pa,-ticipants.
a such Entitiment Shazu ure net foroth in eech column of the fo~qi.wng schedul, way be fnaeujed pta rita by an samrm~t not ezceeding fifteen perce"t of =uch Entitlement Shlres In onder that the sum of the t e~dnnlz~Entltewent Sha~ree In each of the, following columns when so adjusted shall total 100.O000: NmilawJ~nt EaUthrnt 1.s~d .,t 2U1motelnt Pfret Tha OCOT .SI0 0.644. 0.618 0.614* 14.151 22,468" 10.412 10.0411* pAgNEVIIXJ
..0.5 0.469 Q.499 0,81* LA 0,981 0.960 0.,86 0.809 TOWN OF RRINSON 0.065 .0.055 0.088 0.085 BUJFOP.D 0.674 0.551 0.680 CmA, I1.81 2.6o 1.807 1.71!CALHZOTJN 2.6 .B? 2.753 CAI*LLA19i
-1202 1.104 1.088L 5.217 s.86 6.197 -5.173 COLLEGrE 6.J04 (27q8 7.409 7.665 CO].B.C 0.160 0,632 0.945 0.617 2.515 2.588 2.687 2,8T7 CRISP COUNT? 2.548 8.258 8.86 3.410 DOERU?1 0.129 0.a26 0.119 a.11 DO.UO..tAS 2.806 ..640 2.607
- 2.609)SAJT POINT 7.66 '"2 "~ 6-376 ELDERTOk L545 1.981 1.847 1.850 FAIRBUPN 0.94* 0.526 0.558 0.564 I!72QOE.PA7-ID 2.899 2.7t9. 2.860 2,912 FOR-SYTH o.832 oM 09 o17' 0.898 FORT VALLEY 1.641 '1.816 2,562. 1.5640.090 0.089 0.088 0.012 GRFFN 8.100 8,080 2.9bi 2.382 ROGANSYfl.LE 0..3a 0.303 0.2.96 0.294 ,1 0 C L&I MARIETTA MONXOE TNOILCR&S01Q*rrMA1TTO TA.SGTO 0.542 1.539 4.130 1.527 0.051~0.Eul.1.509 0,Z.82 0.95'7 1.757 0.944 1.299"5.'788 1.018 0.561 0.096 lO0.000 0.517 1.618 3.99 1.209 0.026 11.519.1.422 o.284 2.985*1.545 0.B33 0.297 0.78'5* 0.818*2.539 0.286'1.217 4.894 0.994 0.109 100.000 0.499 1.504 2.082" 11.448" 1.444 0.989 8.011 1.583 0.55*0.TZB 8.042 1.216".4.409 1.08L9 ,0.444 0.121 100.000 0.98.1.605 8.1g8 2.148 1.452 0.402 8.061"1.598 0.541 0.19 0.680 O.775 8.089 0.975 1.20 4.282 1.052 0.424 0.12 100.0o0"Tha 1n1t*1 E, tlasmant 8ba~r uk forth abbe ahz~l be' the Entttmaznt Shr for the period commencing with the Conmmercia OperU~on Data of htc{eh Unlt.No. 1 and emzzdtn Decembar 31I.Tiha Entltemhrt Shaire ta Fist Adjustmenit shall be thu En~tiemwtSise th'perod*ommuinclngfJanIuyr 1, 197/9, an~d December 81, 1932.REttlament'Shai "After Second shall be thu En~tlament
'Share for the period comm,-ncng Januasy 1, 1983, and eimdlng December 11,1133l.'lb. BUtlaienhu Share Al Thrd ,Adjust. umt ahf be Shae for the p*~od commencin Jnuary- 2, 1984, and ecding with the las day of .ther fteC ona Thu accodance With the prnvli1rn of 5ecUon 811 of the Cotnbuc will Sells por~on of the output an" .ervku ofuch widivided lntern In Plant Hatdi. Plabt Voit~e, Wanalsy, hnd Pln &chur" to Getorgia Power Company In accolrdmnce with lb. following 0__________
e_ Ga. IVaw Ca.ThMt lort~an at tu Powur Ymxr Secood Full Powu Supply Yur Fo~lawlnl Ccmnda3 Oparatica Data 87.5%ouTh.rdFull low ec 8u'ppy Ta" Faliawtng Operflti. "ate .o Fcutb.Ful Power Buppl7 Year FaUowtur OamdsJ Opet'atlo DLt" Sixth 7.9 Powar Suyp, Year FaowImvg~
Camna Opautioi Dais 2 Bavath Fall Powar snpr Yami yoaloowln Cwmardhl O~ea'un Nt. l2... %mirof output a~d s~ak to GImaI1L IowIZ Conmpary sad each Pmztidpant
'blul izinahn liabl£01 it fUll Etrant SheW except ic U-btlit 'bal be 1o the ataut thut ecv paywait from Guorgla Power Company.1I- PART/CIPM4ZTS' R4T'ITLTIN SH-AELZ OP BERVICES OF TRANSMISSION SYI1l'I PACUA'ZE IROLUDID IN T8R PROJ.CT.* pdtu ahali be dilarinlnd by the Autbaoy duing each Powur Supply Yesar fin m-with 1he of Section 8080 1t t. Contkact.B I' *1 :SALES CO'nTIICT..MIJN.aAJ LECTRI;C " oF GEORGI* ThE UIJDERSICNKD PARTICIPANT.Thla Svcund ..mrncdmewmg ur Cuantrlct niado and tuacred Intoa s ur' &fa} 13. 1iT;. by" sand b'en.a die El.cctre Aut.un-ir or a public laoti, co'prmta antJ pol~tic and a pubifr. curptatrn on tiw State of Csur;b, hlr..nznatW soarnLtane dailpuItd u tie .Autlrity., aritdiy of 1 Ga-' onirtnes drsIlrledal s theI Participt, ..*WITNESSETH
- TH-AT; ..U EI itwuanmlwred t.11 a Powur Id on bath ui da Mrch 2, 19, e, WI the ]putlr dezwe to znand ,old Cimit-t In certln ftiptta For a,.d In ecmedmtlam or tl'e prunisa aind at] mutul wve'nan(s andl lgrenm, Imt hrfnltna'lr let frorth, th aul/fltc2i of wbleh Ii h~ereby, aeknmvltadpd, .It Is apoed 'by said between the hereti mu tolow'a Seeden I. Subkatfn 1D2(r) of said Po/uj 5elie Contac whauln 5hwr" Is dq~flne La haawlq delete In li tl oert...*Section 5cct/. .400 or geld Contact La hercbr deleted I lb t entiety s ~zaidcFllowing new SectonIa nlzbimuteeIoneu ihereofs"Sectlon 403. Supplemental Thlk Poiw Supply" Taswut By Paztcipant.
Tbe Purtkpont
_shellt~al ull of its Suptllemer~l Blulk P owes Supply hurm the Aulhorit and ihall pay to di AuthordtyIts ahare of Minnual Su~ppuc-ntal Coats set larsi In tha Patkclpnt'e monlla- St/ng S~taisuit u *"dclamilned Lan aiurdsne wit Oat ftngnlpg pro~lons ol this Article IVan. ,o burittd bhy 21w Authority to the Partrl~dpnt." Section 3. Sad Amerndment shall he dfeecti for tach, Pa.ticpant cir the time of the !Ls},, l9.a meier raadrnls.
The Authority i, hoive'rr.
iut~lar/lx~
to ma't adjxutoenea Iwn, ior&I'n. emptal to, die pirludl Irma 7,1977, to i e dote or this Amendanewt to off.se4th ili snirt b;. wlich the ttatl of any actual b~l~lal dur.ing such period eaceeded what Ii totsial ofucah bltlmnp ,wold.ij=yo beta under the W\ -9 rate. aaid adf'uzbwimts to b " a mt of pows suppl' de~zlopmmu.
Sectiom ,4. Sard Contsazt shallremain In luU bate and .uffgct u hereinema d.I
'.'..2, ".:. ?; %" *R 2N WJTNE33 W~1~1'EOZ Ti~c ~i~o~po1 £k~i 0 Dr ~ ~'..4 i1~, Pad4~iit ~ve caused ~bk S~nd Amcndmej?
af Qmb~d t~ b~ cwciucd In tbe~r corpot~ta r~mw by ther dtly.L1uf)w4~d dljcai 8~d ~ ~pOr~ s~'a!~ ta be ?~e:curn~
Impi~cd am 3 t~s~o~ .11 of th~ clay and* ~dU&IC1PAL ELEGThIC AVTHOIIITY fl~yei-r !bit Sbovc ~7IU~-GEORGIAoV' AD., "GEog~i3/c~n7 /~4dP4jie B THIRD MdD4DMDr POWE.R SAE coN'rRPAcr. T* 1 ThirdAmaantn of' Cnlac.-t and anaumd hlz ii of, Pbu~y 1, 1971: by and bat'waa the Mhxu/*.ld factr',o MAba.th~t of Caotat, £ b*~ a llf and p~Idc dauil mh ctponiufc or tt Stauaof Ceazula, h.ruhaf.hr aontm dapa u thi Aualzdy, pmatad by the at!T GL -I'S7.p. 107, u ija.md, and thi zmdaurnpui palikai mabdi~~d o" the Stats of Gmaqla, bhauzahaTr iniathn... WlTNE3S STH: guoaait bazud tbtt: Pawn Salia Coniac't an a Ajt n djt, la datod ii a 1,iTv.-976 m-o-AmhmtdtdUo Mary ii, 1977, kid beau prndoudy gucuatd by maid bu~tmaa she MAhrn/a md a falon Amtazimit:
dtid Wi ,S szJd Co~tnqt that may ha ' lulam by lb Mt t to po- .,Ldum lpwt of it' Nutkialt'a biafl ggw ivqidiueubadau uIt h auw, domasei mad dzadb/ by lb.b A'thOZ .tha the AuUiah ,t u~qzut adItlomI ieenu cal pgI. Us pimid
- port of W~iIURIA, the d,,tmn.lned to ,apt IBIo i Piojast Tw Powua Sel~nia C'b otfuu dat ydu/ gl md l~~c rmvo refond to bedow sad In maibi. Pma*ldpmnt ia uUw aputpt madA wiatta WM!AS Rh .a* mai dealtbh to aud the m~t laoir Shn Caaibauw, t id u Bah 'uto uable the Auihodgy to mutzblh rnta, and e~haipa I 'deznnde to zUsgsrm t mam on* mbubd hb fa r' Sapplmenutal l Pauem Supjib mad di output roppilhi fr~m Pr '/ a mat anyqP~fiam'prrtjmcU to' wJhI Pmz1dg'ai roy @eauS q anu to th tuintdon with tuipat toha ouazt put adurdua afih Proje-t tamsauir.NOW TEOR.Z: Pmr ad La ccamtaldsu at ofs AImprilm aid the muua1 comu~tat mad esre. ante heuutalt, mt focmb the of w/3 S.bemby lmnl cimewhdpd, t/ae aprd b~y and th l~uduhretolml u fmuawc I.t et 102 thu folatdng daatfai:.(a) "7gjact Two" duff mama lb. Authai.y's accond project conszdpI orddlftanul Undsdd hiarai ha.7Iaam Wanily and Scham.tacq~dnd puaniant to a iyda apwamtan~t urrthw Gaaia zpy datad au of Anw~t 2t7, 1976. u liioth ihsazdbad In Sec:cn 102(J) of lb thaFgot Twuowa Sl, Contant.wpj Two Powa Sai Contiact" ib,! m..n that nstafr Coatnectdad u ottba data huiuf'b.i. Jwthrnrty aund tba atkput u she um~enay be a.,andadto fb~u~ to thUr 4 w ualtlal to lb. paov1to of output mad rulatad sardc.u (oan Project Two to t lfm S~a2. ma Power Coiac~t, a umnded, funhu~ by ditln 401 In ha enutty and ',/bltuwuni In ]ha5l dias1or did fowlsq new Lastitna 401:4sa1. Sapplascnb Buk ?wurSupply Pw~dzs by Lila Autbod,..The Auth'adty ill pautda wrcawa t ba protided to the 7atkmt Its 8tdpplanta Bulk Puwsr Spydurtol eachb month of.auzW lowr Supply Yea, Sur.h Supplamt~s Suppl' may In.cliid.o but duin not ha IkhaId to, pastla arid If nqul~uaata 0 pow.: purchaui,.
taa it poet: sarvio, rims sai wlo.Ba., cap~ity anid sna:ly, u's, bi,~z~on mica (bncludln tartc piazohaza by the Aniha lo.mipplamant tb.. Far tkpmnt'a .tladdamnt of't~iftllO aaa,Sa prutidad by Liii Authodly rr tos trmantan1/sgu 57dtm faldaa haludid In the ro*t) and othut intuzc.ania w, da msi anlahhu a zmink of iuamatone w4J othar saku 3. Tha Pout Cwil, s.t u unanndad, Is barclay by ditld 5actI~n 402 In ha pnatiay mad aubamtfutln 1 In thubmuo the t'ao~o na hy 402:* 'Segtan 402. Rat-- d tbua, 1 fm Sui~ueaI nufd k PazSupply.
- (a) "he Aiathouit may coutbine dii Annua SupptaanltaIComu with the anua costa of zay Itjt~u pzujct.uoaulnkm b th, Azahdty. ba-baiJt lProjec Tyr. fot wbjch t/e Pmnd~mt ku mzaimd a contact fbi. th output and nalthtdainica thurcot. for upapo of iatta mad dia ,a or thu AIuut~zjan ai. ehllzh tor ui7 af'ach coat, a o, n tar0 uupanta uta and ibigu, tt tii of the Aaithodi, In aitbec cas In acor.ian=
with tiii lrOatona of' Socta 402 (b) ba.a (1). The Audtority wi aitlahld mnd maintain and nonilrcdnuhatozy usta aadtlwpm w wi1l provdes muuaa that as wirdant, but onl sufllant, tn piy the Annul Suppluani taut,, whithur om sot such Cciii usa the m d c.nu of aajeo pmujati tma~rtae by tia.Autbadl¥. lndu .?ndect T wo. for output and sund, s of whc the P mrddmnz hajaxani d a cam.t.At() s=dthadr dshu -k ,tbt a~nt a inc atonib duda! n Iuch Poet, phy yarib puvfd-In h Purkpant with'a DLl Swuuutt tar mach mont in the uSia t I'chews*atublldisd pumamal to thu fonlgolau .proidaus of thus Sucto 402 [fi ta Iiuppleanmtal Pb~w.* Suppt. Suc mmuty huh, 1 Swmnt '41 incude a ca.dt mach di~my polat baomdnaun tadldae ii ae arwoad, inano.d or opietad by di Pfu~lclpmmL Such Erlflh$.iatanant ahal he paid by* .th on 01 bfore the liath day hrsam dar des. ot~uch 1W.. Amount, dna mo nt pai bydi?aldt ona r batow amid data dialbia bm a diltfoag rhaip of roti mo4 pta month/' en, ea month, of (suction ha.! unal thu uauaut dial ta paid In F At the end of Pose, supply Yasr adjuanmums o/lalliap sk.l bqade. Inb a. coadsa with the aaftoaca1ou 209 Isrn! tmztIltt qt~ y.ta~lu~ tutu aind ch.gpapulp U mat to Sutcon 402 (m) baetaf*to aacov~r an a combined baul Annual SuppLamuntai C.als and manna curia otra7 httas amdislaka by dii Authadty, PgJ~t Two, 1hz thu. mapt and ,,ia at ulhch thinPrlhs mazcwud a ti. aalnhouy will LdmntL' on di. 8tanmat aubadd byth.anhd'7to dii ,P mrticpat ptmzaat W Seftton 402 (c) bmato that mutat of thu ra'a'a to ha ra-ealvd by dii Antkodrty buor tha ?aailcpmt piuamat to murb r~au aad rclwpa that I. allouable to tieatrontly Annual .ta Cous.. Luch amount shl be the uew.aea to be recelved by 1-\'0r/Y 1a3";
UBI1~L~ 2An~UIUIJ JUL pus 1 Ctp r4ijo p~z~ pus pn~z~oq @iu~'aw~ sq ~i u~wis @iaz$ios13 put aiaiw 6 p.xpoIpns
£CDP £inp £q "we ~-'~ 'Pci ~ ~ 01 USz1K~O~ JQ S~PWWV PS s~ pams~ aur~ :Indpflhud G~fl pus w~io~ jo A3~1oq~ny
~~J1N1~ P 6 F~~~1 SILL '~O3~IM ~I~LUMN1~IpU~UL U2134 ES ~ pu ni@j ~nj a~swj1 ~jItp 1UIIUO~ PFS'S~P-*'~z~uo~ ms~'/jt 3~n J~p~n1~~ I~2fO1d pOUW JO 3JEUj WI4UJfIpfl3 ijindppE~
~p a~ pvp~ ~ 5~"~' ~~V1SJO J~w2Iu ~' APOOTTV itD £q p5JI~~3J A~jwnt~i nuws~ jm& ~('is pa, pig uw4 jnimiy sqi us pmuu~ sq 'sjqsij~U~tuiXa U~p 01 P'{' EUOf~3Uut11 JO flJU tp~ twj sp~oiJ ~s4~pw uu ntwdppnj mq~ ci 4ddn; ~aoj ~ ~a~o ~1ouofl 50 .jqsfl2z sJ~w u i~ igtval m peinodx~ eq~q!ivs13i hZS~ uop~uiftihIpiis Luu UO~2Z~STP
~1I W .i:*auaq~u
',uo 34uZ~ JO sn~Ig 1UmU.~2~U3 Id~Id~1A1d .~ ~ ~ ~ Apids~ i~i~s aSuzw~i pus ~iw'fl~jft c~sjw pGtL1t~v QICLCIO.uon~g u~s~id Iiz~sqwnuzi
~q ppu~as zaqzzrs F~SZO1(q)I1~W~nS asa s Iu~ppi put 'C'fl!C ~p~o; ~as EiqiipJ ~au1~o. w~p aj ~uw.Md e~zd puqelJ'pie Lgs jo i~jo daUikd 34101 /~1PQ4I"Y
~41 LQ P'1I~IP WU 1U1~PPJ5d
~P ~J ~1~I1~V 5~~
FOUATH Tnia Jriw=h Anend-mnt of'C.o;trut. , .naa m u~ter tto u. ot Mk I. 1S0. ",y sa betwen, th- Mukfdpal Electri Authori of Ogogi, a public body carponta and Authoriy, =uste by the prcvlalonu of I Ga. L. 1i575, p. lal, am sm-de4l ari th- udn~dgn politIrcal uubdivtdmu of thu State of' Georgia, beru.nfter zozoetmta an thu ertic pun.t.WITNEBSS!T H:]5z it rememzbered that a Power lila. Cootrat mai an both dated amc azh1, 11J78. a Stcond Amedl~'met dited mat lua 28, lfla a Third/ .Amenldlmet date.d* tbrumay1 131, have bulleen FSYvIauzl executed by anld between the Autesty uit the*partlipmnt, arid W13IAS., the Purttclpurt mod the Authority hae dutazmlnd.tbat lit a In thtir beut Interesta tO mail the Autb~ordif-Uintrest La Uulta Thee mnd Fo In uacb of Projtct 'Ote and Project T~wo aimd to adliom generating[
capai:::ty "ubltanttaf17 eq to h'lnvuta jo sod I n accordance with the pruvzlma of the P~rojeo Thrum Power B~lae entered into by the Pauiat aid the Milhorfty macf the dat of thuJ AindmaInt; anid Wn3ERiZAB, It I- neemeur7 mnd daalzabl to a~mend the maid Power 5.1.. Contract, eon-ahstuzt wth the ;Bad Pleeoutuoa, to (I) rsdfn the ProJeet moau" to anlud the interets La* Schene Unitta Three and Four which are to be dispose of by the AutbOz~tT, and (II) to reviag the wrhedu~a of saes of output and uervlcu r~m Schmrer Thdtm On. snid Two.For arid In acnalduration
.0 the premla.. and the mutua ovtnanta.
mrod agreements hera-Iatermt foth th kUffidancyj of .whi.lh Is hereb:y ackniiwledged.
It h a agree b nd betwem Uactfan L The attarJhment to the Power Sales Contract entitled VESCRItTZON 07 pEOZCl"] S5 u amended, 15 L~eby. LtZh amnded by dilating UNCKon 1(d) In Ite en~tirety r mabatftutlog
!, lh thereof the following auctio I(d): ' ""(dl) Piart Se~herur.* A ten perc-,,t Ui~dsvde I,,teest In the two 810 MdW rioitntef, ritld eoal-fired igenerat~in mum~ be knorn u the Robert W. Schrn Steam Plant Uoftm, Nmbens One and Two (la-dlvidual7 designatted am Seherer" Unit No. Oam au'Sher Unit No. Two) to be near Forat 1n' Monroe County, Georgia, incluadlgIn i suc h unite (I) land dalfe luemd and de-acr..ibed In Georgia Powe r Conmpany Map File N.'85,J dated Dece.aher 19., 1174, contain~ng approxtinit*1y twunty-w~en 2igndred ,cru, tojather with suth additional lnd, of approzi-:w~t*l t-,, tlwiidn wart acqnlrd or to be Lequfrsd tor zat in can*on with Plamt Schaera, to be recorded to the rueorda of the Clerh a! Bupalr Court of 3mxoe County, Georgia .xd ,11 land right. per~taining I tito, (Ut) the turbtne-iario' the boflara, the burldlp housingl tht aae, the alat.l, the cooluing fa,,l.tfe, the usodata aulfari a equ.l,.ant,.
and the related transm~sto faciltle, aTl ii mwe parilcularly 4.czibed in lb, envlumsttI Impact etatment reltilng to .Plalbt Bcharar, .(UI) lnv.~tories at inatell,.
rupplies, ul toolsa and equiprnect f or zee In connaUon Wfih Selierr, end (Iv) a~n amount cijual to 5.0 Sectfon 2. Th attaahmzmt to the Power Bales Contract entitled 'St~ULlZ Or 3(-T£rJxfT .AZ , au amended, Ia herebyj furthar ainaided byv deleting PlantSar new schedule at aalu of output aUi aurvicem to power Company fim Sceiar Units One stud Tyro uiollowa: T/he Authoit, in accordance with the proviju of Section 311 ci the In*oiuda to aell a pnrtaon *f the output end earvicee of the Proje't to P'owr Compan tn ac-cordance with the foflowlo' sedule:.I That of thu PowerSupplyYea RzmalnIn5 Afe thu Oper.tion Date of Sce..era'Unib One or TWo Flt ull Power SuplyTeyarm Fenov~ln Couziedal Operaton Date" ThrFa PowerSupplyYea Following a OperationDate Fourth Fkf Power Supply7 Year Following C Operation Date Fobllowing Comrudal Opertion Data Sixrth Full Poe Su;pplr YearComrca O rtmtonDat.
Seventh Full Prom. &zupply Year Foldlowingi Conm~rdaI Operaton Date Eighth lul Power Supplyv Year idwiiCaeid*I Opeat-on Data Nithl~lowernuppl'Year.
Following Commerchal Option Data .
'o0.o0%.,0.0 50.o0, 20.0.%28.0%1nn~The ny inV Ito diseretlon,, ertabliab cumelay commercial operatio dalaa for units ol the Project for the purpose of the scedule and da-t. may be dli.of the Coziract.
The establlshmeant of the foegoing achedlel Ii not Intended to limit the power ar the Authority Fanted 1 Section IIlI to MU1 and exchange power end eneargy from the Project. *2 W1TN WHrEOF, Tbq ,Munjcjp, Authorhty Georgira su~ tha -pomat have Uih Fourth Mutendznent of contra! In be vcmuted in Uhefr eorprat. Jname: by their aut~orfd Offlcure iIa1r *orporte 5el tD be hereunto £rmp~eao an4 at-* et$,2 ad lf" lnaboyeit~r, MUICP* °E hC tmO"T ITHAMENDME rr POWER SALES CONTRACT BETWEE SMUNIIIL ELECTI AUTH^moRIT OF GEoRGIA THE UNDERSIGNED PARTICIPANT T ]his Fifth Amendment of Coatract, made and eatued Into u of Novemnbe 16, i913, by and between the Jvlunidpal Elact~ie Authority of Georgia, a putbli body eorpourt and polilda and a public eornpoeatiO of the Slt.t of Georgia, herefnattnr soemdnie designated am the Authorfty, created by the pevitions of I 0.. L- 1975., p. 107, as amnised (Tide 46-3-l110 .C.G.A.), and the widersagegd political oldthe Stats or oSOIrh* he~re~nafter smmetima~s dhlW~tad las the Pati~ciptat.
WITNESSETH:
iB it rememb~ed that a Power Sales Cont.rtot med an Amendment, bot dated u of March 1, 1976, a Second Amendtomt ludtdu as' ohMy 25. 1977. a Third Aznodmui[xt di tad Feblruy, 1. 1971 Sand a F~ourth A~mefldumet dated May, 1, 1910. hive been previously executed by and between tii.AUthority and the Prticpart; sad W the Partkiciat and the Authority have detemin~ed that It La In thei" best interests* that the Authority undertake a l ouzt/h project las accrdance with the pruvioshnof the Project Four Poew= Sale. Cesitract entered lnto by the Par'ticpant and the Authority us ofth.= date of this Amend-mont, which ii reason ably exrpected to rez'alt In a more econuwjcal oyerall Bulk Power Supply to the Paijiciant and other political auxl.,bdhons contraedztg Witha the Authority' there.fore by maklnj the ou~tput and reLated sconces of.Project Four available to th Particpsant, ad by roa.Unahl the Authority' i *ostain ales of the cutput of the and Pro ect Four to oth=r utilitie whi~ch Is Intended to lmprove substantaialy sho matchbing of thu output of both the Pro~ct and ProJect F~our to the Paztidplant's Bulk Power Supply requkame'nta; aud WHE:REAS.
It Is neessarny saed desirable tO amend due's.ld" Power Sales Contnsct.
consbstenat with the Bood Raolmzdon, so as to revin the schedule of aria of output and anay~ce from Vogdle tlit No. ! azid Voguel UnIt No.2.NOW THIORLE For lad In canilderstJo of the premise said the mutual eovenants.Iud sarsements herelnaft(a set Ibrtb, the aum,-eecy of which Es hereby' ackuowledgd.
ht ks ireed by tad between the purt/o hereto that uuld Contruct Is amended ma follows: Seteeoy 2. The etlathmenut to the Fuwer 8311 Conlrate entitled "SCHE.DUL.E OF ENTrITLE-MENT SNRA-l]t m , an ame~nde, ii heeby furth=r amended by' daletingJ the rufuenc Co Plnta Vogue fro th. schedule of sale-ofatotpu and senrvices to Georgia Power Comtany., an addin. anew schedule of sales of output and servica to Georgita Poer= Company' from Plant Vo511 as follows: "The Authority., In accordance with the provialons of Suction 311 of th,, Powe.Salea Coaitract, u amended, ad subJe.t to the proudaosus of the Alvin W. Vogt/o Nuclear UniteN'umboas One and Two Purc~hae, Am-"dment.
A~ulgment and Aasurp'dfon Agrwmnnt, dated as of November 16, 19B3, between Geor~li POwer Company sad the Autherlty',.lateeds .to Eel t portion of the output and mcrvlc, or It. Project One awuerubip enthzleinct In Vogule Units ?iumboar One and Two to eO~rgia Power Compuny in at,-ordanen with the following scehdule:
0.8"A. Au to 77.966'A of' the output with the Authorhtya Praoject One ownership entitle.meet in Yogz~e Units N1umlb.ra and Two, such sale shall beas ufoUowst haue Sapai), Wer Cset _That PQ~Itlo2 of' thu Power Yeu~s Aftor the Comm* Operat~on Date off a DnitoffPlint Yolile "50.0%Pint Full Power Su~p~y Year" Foltowing Coimmea1 Operadoa Datte' 50.01 Seondu, Full Powinr ,.upply Year PFowlelow omerclal ptratloa Date 37..51 FThlcjowFUll Power Supply Year .Foiolo Cammert Operatica Date 37..51 Fourth Full Power Supply Yesw Following CommuckidOperatlen Date 25.01 Fifth Pull ]Power Supply Yes., FollOwhng Com~merci O 25.0%FI! Power Supply Yet., Folowing Commrn al~ Operation Date 12.551 Seventh Full Power S$pplgyYear Fo~iow1ng Commercia Ope~radn Dae- ,. 12..5%"Et. Aa to 7..1451 of' the output uisOciafe wi th e Authorftj's Project (oe owoershp merttib-ment in Vogtla Units lNnmhen. One and Two, suc saebs to Oeoria Power Company aheil o equal to 1O00 of the output and sevcu beginning with the Cnmznucll Operatleu data of a Unit off Plant Vostle end continuing unti the ant of the fourteenth
[full Supply Yea r f~ollowing the Power Supply Yea r in which the Commercial of uc Unit T M C. As to I4.6191 of the output usoclatud with the Authority's Pr~oject One ownership enttlec-ment In Vogtle Units INumbers One Lad Two, such sals to Ocorgia Power Company shel ho'equal toof the output and serndcu beginning wit the Commecial8 date of a Unit of Plant Votlte and shall CDOuJ¢ until the later to cocur of (l) rcetismet o~fsud~sU.Unh or (1 the Izst to occur off the latest date staled [for the payment of' the plndpal f floods or of' prvision being made [for suchfa ncourdauc with Section 1201 of tb. fland Kesoipstion."a. The of she schedule I, net intended to limit the poe of' the Author-ity irauted in Section II!I to soU and aezlngo .poer.u and ¢nerjy hum ]Pro~ject 0...".Seetlois L Thne hfoll/inw ngw section to be known as "Section 213" is here~by added."*Section 211. Resale Co'venant Thea Participat agrees that it will not, without the expires written consent ofl the Author'ity, enter Into Jay contrare pusu'ant to which a noneneupt person agreon to take, or to taki or pay for, power pu.vhazed
[from PrJcct One. For purposes of the precedin sentence, "noixzempt person" skullnmean any entlty which Is not a state., tmnitozy , pnsse o of the United States. the District of Columbia, or any political subdivisiona etorof, and which Is jot ,serapt from etaxato under Section S0t of the Znterua.l Revdnus axe ol11954, as amended." 2
'S..W IN WI:IFU.OF, the Mi:inicpl irlccro Au~hrty at Georgi, and the Parilcidpit bay: css lJFrhAedet fCa~c oIa the.. ax-jiorm by he duly '.authadz/ad cbi r orpc.uu to h. hueuoi Eprcsee4 and atiated all of udat)ICB.* Brt above wyltee.MU~cnPAL.
IL~CTRIC AUtOrI~otr
.~OF Api~tuva AJa To For-,^TT: A Saerctary.Trcaztwe*Ai To Forii S $ ., ,oaf .azwa 1, lESS. by and thea E l.*rl MtlboLty of Geor-gia, a publio body wzrporata axi.pali az a of the St.ate of Georgia, herminaf tar somratime referred to as thu Aitbority, oreated by the proviuioc.
of" I Ga. L. 1975, p. 107, as ainded [Title 45-3-110 O.C.G.A. ), and thu tondamLgn,, po~ltical aubdivimion o-f the State of Gszrgia, heru~iiafter socut.jiI3 deuigna~ta WIT N E,'S May'25, 1977, a 22izrd dateS Mrii 1, 1971, a 1~mS-date Y a-j1 , 1980, an a'ZLti~t, A.mdumnt a~ta! as tbvunber 16, l98I, have all been mixecuted pravioily by and bet~e the Aaxtholtthe City of ~Ozd= hiatch haa pr.VIO.ly
- receved its 'iolesaim'povar supply fro the City of Cowintgon ha.it La i the beat interest of the ]7uthorlty, the Participant.
and Oxford for Oxford to boau a Participant the woitioa of a t1vamr Sales Qnatzact.
0.Ior and Lu of the premises and the iritual coveaat~s afr5 agreen~nta hereinafter set forth, the au~ficiLcy of which is hereby a~c oiLedged, it is agreed by between the parties*h~~etn that said Conftract in forther miae am follow.: Sectlon 1. Tia 3ittri¥ is" he~reby aiitbirha to enter into* o .* o -a Sales contorat with oxfr in t'form o rSale Contract, an as~it5e, with smch duarg an be required.to uak auch ~otract aplica~,1s to Oxfor, ga~A to prowits Uxord with an EntitlezM~lt Share .ot 0.!19, and an appropriate Transmission Entlitlenant Share calculated in accord]ance with Sectons 306 of the?rSales Contra-t.Section 2. Autherity iLs author:'ze~
to a
- of Oxford's Rntitlemsnt 5hare from this Farticipanit'a TJntitle.uent Share pro rata with the othez .Partlc.Ipante approving thins Sixth Aw~fnt.Thu8 PartIcipant agrees to ccatime chliated for iru full !ntitlemnt Share without deduction for tbe pro rata portion assigne, by thu Axatlority to Oxford:' Proside bewu, that.the Auhoity heeb agee t~hat it will tak all necesaryT action to enforce t1he payment of all suma aue by Oford for .-its Zntitlinzmt Share, and this Participant shall receiv:e creditt for ita pro rata Section 4. Thls Si!xth shall beco effacttiu wie~n* such a~nmn.t has bean al~prcvmI by Part.icipants whose 19855 TraMsmte-elan Shares represent ii the n jaggag , zot les thta 75t* of the total Paricipant.'
Tran.5z4eeio.
Enittlement Bhazes for 1585:
Provided however, t.hat th~e .ezvice to Oxlford ret.coact~ive to Jswnax.- l.A 1986.HXIIS~8 the Eler~ic A.ulbority of.Georgi~a and the Parti/cipant:
have caused this Sixt~h ot Contract to- be exoz& i. theii.r~O mt naes by their duly aUr.1x3, officers an thi corparate salt.l to be hareant~p
/.tresidean att.tttd, a3I as of the data an, year first 3k12V wrlt+/-Si.N.1~
I SEVENTH POE ALES CONTRACT&UJNcIPAL.
ELETRIC A IThoiY CF EOReA-THE LftcERSrGNED PARTICIPANTI ThIs Seventh A, endment of Conitract, made and entered into a. of May 31, 1989, by "and between the Municipal Electric Authority of Georgia, a public b~ody corporate and politic and a public corporat~orn of the Slate of Georgia. hereinafter aomatimes referred to as the Authority, created by' thg provisloils of 1975 Ga, Laws 107. as umended (O.C'.6.A.
6 48-3-110, i_....), and the underlfgnied po.litical aubdivlsi~n of the State of Georgia, hereinafter
"' soemetieswaduuig~iiated as the Participat.
" I IrNESSETH ESE it reim~berqed that a Power sarlee Contract slid an A, endienlt, boti 1*.'dated as of March 1, 1976, a Second A~mendment dated as of Mtay 25, 1977, a Third Amzendmenlt dated a. of February 1, 1978, a Fourth Amendment dated as of1, 1980, a Fifth A.endment dated a,, af Noveiber 18, 1983, and a Sixth Muendoant dated as of .znuairy 1, 1986, have all been executed previoutsly by and between the Authority, and the Partcipljant; and*WHEREAS, thu Part~icipant an the Authority have determined that the financing of transruiiuion syatin facitities after thu commlrcialop,,ratlorn of V ogtle Unrt I~o. Two Is ta be continued as a pazrt of.Project One;-end
.' *, 'WHI'EREAS, a contract1 with. the Southeastern Power Admainiatration (SEPA)permits the Authority to "SEPA allocations for tunicipal preference customers within the State. of Georgia.ThEcREFORE-For and in consideration of thin premoises and the mutual covenants and*agreemmnta hire'inafter alt 'forth, the:' sufficiency of which Is hereby*acknowledged, .it is agreed by and' between the parties ihereto that said Contract Is further aaandod as follows: PROOED AMNCIAHTS TO POWER SALES CO)NlhACTS" Section "1. Thu Power Sale$ Contract, as amendedl, in herebhy further amended by deleting subsec~tton 192(s) in Ite erntirety, and* substituting a new subsection 102(u) to read ma follows: "(s) "Project' shall mean thoul electric generation and related tranamiaslon faciliti'es whIch are idrentified in the Description of'Project ndthose transilssion system facl~lties to which reference i4s made in the Description of Project, together with .(I) any major renewals, repiacements, ropairs, additions, betterments and improvements necessary, in the opinion of the Consulting.Engineer, to keep the Project in good operating condition or to prevint a loss of revenue therefrom, (ig) any major ad~lt~ons, /reproveaunet, repair. and modiftcationa to the Prolect an~d any. decoanlasioning or disposals of the Pr'ojwct, required by aily governmental age~ncy having Jurisdiction over the Project. or for which the
!Authority shalt be responsible by virtue of any obligation of the Authority arising out of any contract to which the Authority, may be a party relating to owner~ship of the Project or any fac.ility thereof., Mnd (iii) working capital required by the Authority during constructlon of the,.Project and for the piaciiig of the Project in operation for providilng Bulk Power Supply andJ SEPA power to the Participan't.." Section 2. The Power Sales Contract, as amended, is hereby further amended by deleting eubsectlon 30.2(c)(2) in Its entirety Section 3, The Powr Sales Contract, as 'amended, ie hereby further amended by deleti#ng subsection In Its entirety and by substituting irn lieu thereof a new subsection.
306(b) so that when so amended subsect~ion
-306(b)shall read as follows: Jr(b) The Authority may aI5Lue fo'r .t'runumleslon ofSEPA" power to Participante and other custoaeru of SEPA, provided that the Authority shalt recover at least Its costs for such transmission service.'..During any' Power' Supply Year In which thin Author~ity has reeponaiblility for transmission of SEPA power, such transmlission service shall be provided by the Authority to the Particlpants and, other customeers of'SEPA by accepting*delivery of such SEPA power from SEPA, for the accounts of the respeotive Participants and other customers of SEPA,. anid delIver~ing such ,SEPA power to .such Participants and-other customera through use of the transelsison nyu..: facllitises Included in the Project, and the AuthorIty is, authorized to* ircr~e~se Ft. Investment in, and the annual operating costs of, such tr~nsuisa~on system faoi'litlea as may be required to provide such transailssion "service.
'The charges for such service shall be calculated and collected by the Authority
- a. provided in Section 308A hereof. All;amounts collected by the Author.ity for such transaission service shall be appropriately .credlted to Annual Project Costa In the same m.iner as other credi ts pursuant to.Sectlon 311 'hereof.N"Sect ion 4. The Power Salea Contract, as amended., "Is hereby further" waende'd by adding a new section following Section 308 to be designated Section 308A to read as fol lows: ,Sec~t on 305A. Calculatiorn of Chortles for SEPA Trsrsmiesion Ber, lee.The Authority shall establIsh a ratzi (eapressed In dollars per kilowatt per month anqd determined utilizing the annual daliar costs and billing duterodnanta) for each month of tha Power Supply Year for" purposes of delivering SEPA power to the Partlicparfte and lother cuatomer~a of ,SFPAare not Fartci~cpante
('non~participant cu~toalrs')
for e,,ch iinth of the Power Supply Year. Such rite shail be determined for each Power Supply year by dividing the aur of (i) the Annual Projec~t Transmission FlxedI Charges, (ii) the 1Other Annual Project Transmlaulon Coats, and (iii)amnounts, If any, which wuat be paid by the for the purchase of transmlaeion servlces for the Project under itt Integr'ated transmlssion.yesui agreemen't with *other utililties; in each case as budgeted or*ist~imted to he Incurred for the Power SupoJiy year; by the sum of (.a) the highest annual one-hour Integrated ca'incident system dumad of Bulk Power Supply prdvlded" by'the Auth.ority to all of the Particip~anta, (b) the higohest anunual SEFA capacity delivered by the Authority to) the" I -.** ,.-Participants aind nonparticip~ant c:ustomers, and (c) 1115sddeiand and transmission losses, if applicable, incurred by the Authority under iti integrated transisiision systeu" ;greejment with other utlilities that are.propmr~iy pilocabie to ,the SEPA capacity delivered to the P~artlclpmnti and nonparticipant customers, in each.caue to be supplied dljrlng tue Power Supply Year'; with thu re~sult, further divid~ed by the num'er of months" In the Power Supply Year: The amont payable by each" Participant and nonparticipant.
customer for each month of the Power supply- Year shall be the product of the rate, determined In accordance with the foregoing, and the SEPA capacity delivered by the Authority to such Participant or nonparticipant..customer of SEPA, during the respective manth of the Power Supply Year, plus, in ease of nonparticipant customers of SEPA,.any*applI IcablIe surcharge," "*Sectipn 5. "The attachment to the Power Saies Centfat~t entitled"Oescrtption of Project", as amended, is hereby further amended by deleting* the paragraph designated "Additional Facilitici" in its .entirety and substituting a new paragraph lo read as foilows: "Acddit ional Fac ili t ies.The additional facilities of Iha Project shall be those additions and improvements to the electric generation and related tranmission, facilities and to the Iransml'sslon system facilltl~es of the project provided for in clauseas (I) and (ii) of Sectiopn 102(a) of this Contract; and those tranemiasion syates renewals, repiacanenla, repairs, disposals, "and additions, betterments, improveinanta, and modifications tlierbto, acquired or constructedl by the Authorityv subsequdnt to the ComerofaI Operation Date of the last of .the generating facilities of the Project to ba coepleted in order to meet Its Invacttment reaponelbiiity in connection with any agreement for an'Integrated traniiniiiion eyiteo to which the Authority may be a party.IN WIfTNESS WHEOF, the tiunicipar" Electric Authority of Georgia antd the Participant ,ha're caused this Seventh Anendeant af Contract.
to be executed In their corporate uiams by the'ir duly authorized olfi:ers and their- corporate seals to be hereunto inpruamed and attested, all as of the data and year flint above written, I&WCIPAC ELEmCTC AUrhOUTY oF APP, OVEOASrTOnF(iW:
G en-etdJ CotnSe O;'" Sereary..
.*re APPROVED AS TO FOiW;DY:
AMENDMENT TO POWER SALES COT1RACTS BETFWEE MUNICIPAL EIECYRIC AUTHORITY OF GEORGIA AND 1-EUNDERSIGNED PARTICIPANT This A.muaimen+/- (th "m IVannrii')
h made and mntugh intoae of Januar 14, 2ooS by and th Munxdpa Electia Athouity of Gerga a public .body ccuo~ru an politic and a public coipruioc of b tah e of (uxgla, bans aozmctizes referimd ID a the Authority, created by the provisios of 1975 Geii aSh 10o7, us amc (o.C.o.A § 46.3-110, at eq).) and the undrued .politica W ITN E SSET I: WH-EREAS, te A .ud~rly and the Puricipan nmd into a Power Sal. daorad am of October 1, 1975. a First ,Amadmeii date as of M~arch 1. 1976. £
- ca Amezmu daedm of May25. 1977, a ThirIAmd mmit dated as of Fcbruay I, 1978, a Fourth dated as of May 1, 19W, a Fifth Amen,,,endated as of November 16. 1983, a Sixth as of Januuy 1. 1986, and a Seventh .ma,,in dated -, of May 31, 1989 (h'a1'r uwjet One Powver Saleu Confra-t";
.,,a WHIIA. the AMlhoiity and the Pantidpaa antmd into a Power Bale Caatzct daeda of Fetruazy 1, 197B. a Fist Aniand'nt dated an of May 1, 1980. endi a Seccadat dazed as of Jmnuay 1, 1935S (b'nf "Project Two Power Sales Control~;
and ,lrti WHR ,S (he Anitonty an th Paricpat into a Powe Sae Conbtrt"Project 'Three Prwe C~orumct; and WELEREAS, Aniherity anud the Partdicipnt it a Power Salci dated as of Novanbr '16, 1983 ,rod a First Amendment dntn a of" Jauiy" 1. 1S56 (h.erein[aftu'rojcct~our~uwerSalcaConuctn"t; and WHRES the AUmhCVty md the Pztkic.pant wimb to exou th tam of the Project One Power Sales Conuract, the Project Two Power Sales Cimkuct 113 Project Th.Power Silas Ce w trod the Project Four Power Sal Coufrnct(benfr s refmlne to co~eotively as the "Power Sales CCmanW the smadmwn pesiod allowed by and WHRA, the Authority has det~minind thaI it w~ill Do ei~ng f~ici~on debt., but excludins o~1stkn debt pelinig to wdrin c~apia and ifzel wodbig capita beyond the e~iatin tarn of the.Power Sila , Conhnucb; and.WHER.EAS, the Authcvty and th Participan wish to provide fiw a methd of allocation of the outpu and seve ,mid coals rlting to Projec Tw.o, Project ihu and Project Four fortli period ofii thetan extesidon ofthe Power Sales eran to such Projects as wel u provdin for an ademen t to the Scedl of Shm- puenn to Project Pour.NOW TH R KFR for and in cosideralion of the pzrrmiii sad mtual'o wovannts and agrvanmt berist met forth, and on'ooiu to provid fir *iuain-2-AFLDIfl IW7~I c~hange in thu Power Side. Contracta it in elided by and beseeai the Aithority ar4 the Pazipn thai the toas oftthe Power Saleo Contrict shl be amwnded am follows: S.ect11 2. Ez~teislon of file Term of the Power Sales Coutraceu.
Thu Authorty and the 'Pwticipant.hececby ext.nd the term of the Powe" Sales Cantruct es follows: ...(a) The tam 6i the Project 0c Power Sales Conflict is ba~mjy exaide fro,, Mui 1, 20o26 Imd J,.e 1. 2o54 (bz'eia1. Oje Tam (b) The tmn of the Ploject Two Powu Sales Coofruct is bauzby eitendcd from Fetxusy 1, 2028 unt'l June 1, 205,4 (hacnafl.( "aujocc Two Twin Extaiclon Period"), (a) The tam of the Project The Powe" Sales, Contrnct is baenby crtamdtd ftwan May 1, 2030 until Juno 1, 2054 (haerlnafl
?roject Thrne Tern Extesilon Period').(d) The term of the Project Four Powe" Sales in hmnby ertauded fttuz Novcmber 16, 2033 until Jim. 1, 2054 (h.ainnflN
'Prject Four Tham Ex1stms Perod").Sectlos 2. Allocation offroicclTwo..Pmiedt Three and Protect Four.Section 308(a) of the Project Two Power Bale Coafrec obligate the Aiiar~ity to provide to eac ProJect Two PartciproL.
and obligats suc~h Paslicipat to take fleas the Author-ty, the output an services of Project Two hased upon the rues mnd cujuestablished by the Authoritypunvuant to Section 307(s) of the Project Two Power sales Cobc The Autlbmty and the Pazticipant hereby age that the Piqe'Two Tczm Extawin Pined the output mnd auic and cot of Project Two ibiD be allocattd to aud Project Two P'aitcipant based u~pon a pwcemtage derived by dividi!2g the toeal made by eac Project Two Paziipae1 for debt wvice tani for caital oasdinirng the of the orginal trai of the Project Two Powr Sales ak*iadjusie1 to presen valu, divide by the total pilineaita made by ,ali Project Two for debt see'vice and capitall coal' for the cort of the original tiarm of the Project Tzwo Sales al adjuslt to pra value (btnfa '?ztjec Two Bilhipg Shams"), Thu piesetit value calculationta i be bawl a factr equal to the weighted average ines .coat of debt melatin4 to Project Two dtcing the entirety of teoiginalm trnm oflruject Two.Section 308(-) of the Project inm. Powce" Sales Contract obligazcs ths Autbcmmty to provide to each Project Thro Paztic~pet, end obliptas mach Prtricipant to take the Auhat,the output and aeuv c of Project The based uport tharut and charge. atabliau by the Authedly purun~t to Sectio 307(a) of th Ploect Tlnw Power Sales CautacL The Authority mnd the Particiant henby £wuee that diring the Project Th.'. Turn Extansion Period the output and mervicee mid cot of Project Thmee ahatll be alhloil.d to each Project Three Participant baitd upon a pae, ntap detived byth total payments made by each Pro.ject Throe Patt-npazt 9* debt service mad for capital cost din-ng the artiruy of th org !a tmn of the Prcect The Power Sal.Contract aidjusted to value, diUvided by the toa payrolis ma by -11 Project TrePatic~ipants for debt survice mc capital co for the entiret of the original team of-4-A'7Umlf Ill mi.svt teProject Thn Power Sanes Comanzrt adjuse to value., ( ~enafle 'Pnojet imBillmin Share"). The value c*alclaion sha be based upona dicom fat qual to th avmige weigbte interet coat of debt relating to Project The during the of the oiiginal teum ofPnmjoc Thoc.,ec*ion 308(a) of the Project Four Power Suica Coatr-c cbligate the A~iuorty to provide to cuh Project Four P .rticipant, and obligate.
eu Pmriid~mn.
to take fro the .Authodiy, the output uzid in'vucea of Project Four based upon lbe rate aund charges eatabliaecd by the Autboiity pumannt to Section 307(a) of" d, Project. Four Pawer Sale Ccnb Th Authotit an h Pwrticipt heeb age that dii th Project Four Term Period the, output and miic and cola of Proje-t Four cakbe allocated to eca.h Project Four Pirticipant based upon a pcreaMge daiwd by dividing the total nade by each Prmject Four PamtiCipmal for debt mnd for capital corna during the aitirty of the or~i~nal lain of the Project Four Pma Sae Coauct, adjusted to preseci value, dividedl by the total paymenfa wade by aLl Project Four Participant.
for debt'sayice and caita Cot forithe aittinyof the miginal lai of the Projct Four Power Sale. Contact adjusted to pruan vale, (ba.nate "Project Four Billing The pruar value calculton ahall be basal upon a discount actor equal to the average we~ighe inera coat of debt reatn to Pnmje Four during the aiuirnty of the igiaa tare of Project Four.Additionally, e~vev as of Nove.~bu 16, 2033, which i~s the ezpirtatii; date of the original tan of tir Project Four Power Sale. Coafruct, the Sceue of Project Four&T'IO L,+ 1 Oblip~ca Sha shall be madc no that each Project Four Participant'-, Obligation Share shall be equal Io such Furticipn'a Project Four" Billing Share.Sctton= 3. The Auilui~tyhuz~by sacni thet it shlld niot cxte.: the tmn of aizy Sxatz u g~t~ion debt~, exchzelva of exiit Dgdet to wcvii capital and rnic1r fiaJ wctking capita debt cowponanln beyond th foflowing ate: r'roject One gonawion debt shl not be exrched beyond March 1, 2026; exiising Prcojct Two gwerauion debt 81a13 Bot be ucane beyond Februay 1, 2028; existin Projc Thre gmearution debt sbal] no be artmndm beyond May 1, 2030: end editinbg Project Four gaenetion debt ,shal not be tztendnd beyond Novanbaz" 16, 2031.Section 4. The Poww Sales Contract ma amandd heryby ahall coti in eff~c me arc roffirmed by the parties. Terms not dofled beren ar to be defined am in the Powa Sales Contract..
Section 5.' This Amondmont shall become ef'ective when duly approved and executed and delivered by the Pzzticipan4, and wbaz executed and dtelivretd by the Authrisy.
T'e Ai~htit wll only exect and d~l;-vrz th Amuxmat,.
when it baa d,,,,,,.,,i.
tha the Am~almml or simila" zmcudinats hive bern duly mid deliveeod by easch of te cunwi (49) Parucipinta.
[Siputa, .Appar on Net Nos]-6-ATlBIfln 11t1m1t IN WITNESS W1{ER,.OF.
the Municipal Electric Aulhority of Georgia. hss caused this Ar~dn~xnin to be enecuted in its corporate nname by its duly authori~ze offieers and, the Authority has caused its coirorate seal to be hereunto impressed and atteted; the Part.icipant has caused this A~rn~ndni!a to bc executed in its corporate na~me by its duly authorized officers aznd the corporate s~ea to be impressed and attested, and delivery liersorby the Authority to the Participant is hereby nfl of th.e date and y~azlr fira above w'nt~en MUNIXCIPAL.
E-LECTRIJC AUJT'OP,.T'Y OF GEORGIA A(SEA/4-PARTICIPANT:
CfTY OF ADP.L*;i- (SEAL],ATn.I i adI'lMa,! , ..- .,-
Attachment 3 Vogtle Electric Generating Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors -2015 Submittal Project Four Power Sales Agreement PROJECT FoUR POWER SALE S CONTRACT* .~Between : *M DUNICIPAL ELECTRIC AUTJHOR1TY OF GEORGIA and THE P'ARTIOiPANT S Dated" as off November 16, .1983__ i JI "'1 r n
- n -
PROJECT FOUJI POWER SALES MUIJCIPAL ELECTRIC AUTHORITY OF GEORGIA -ThE UNDEPSIGNED PARTICIPANT." Thu Caninest, made and, entitrui into us of flo,'mber l6, l983, by and belw..a the Mualdpa.u Elc.rlcAutba'itY o dGeerlu,, pubUc body *orporat and politc and L pub* corporsilon or t~ho 1.9"7,'. p. 107 Is .aandlcd (l~th 64.I-,-0;J 0_.[ "OM., an tho pohl]k*a.
IabdlvltOa of the.State of GcwihUl sometimes designat.ld asl the Pul/ialJpt.
WITN!'SSETH:
THAT, W]:E]S. the PhrtiiolazL sod the Aulborit bare beieta'cz entered Into a Foairer Suits Con- -trsit dattd as oat 1, 1q16, a smeaded. trdet which the Aur~th7l bccama tI.6 balk po~wc supplier to the.Par~ldtaut tad said Cmumnet contempsate that projocts maybe undaukenm by the Autkodlty, am have he.nt'nf at e luedit a Project Two Power Sales Contract daei ato Februaz I, 11g/, as a.mmhsd6 nd
- Projcct Thos Paw+Satla Cooadnc dated ssol May I, 1980,whln~h the Anthexity acquired .AtdltOOnSI project..
and WHRA, th Puil:sn az the Authority bae that It h I- their .bat heertau tl~t th-e Authority uadalske a fct jro~ect which Is rmona7 *oSxpt2t .to muitl am nma oumsl1 Bulk PoweSa $ply to th Participmnt and oil= pdldalu snbdlvlhao colnedna with the Autort thrf'r by ma]ia th output ad reloto services of F~wcti Four availble to thu Paxtid*nt.an1d by &dsabll aim A~athoty to runinge cenzaiu st]** af t!e out/pot of Project On. a.nd* ojcct Fur t oolu utilda wlaichlahitea&dedto b~o ebuamndally'thn of the oatput o both PsaJcct One sod Project Fotr to the Pu~tTlc~nt's Bulk Supply requ rcmuo sad WH]FR..FS, the Authorty wilt take: or rnsas Io~bo takenil step nzsai to £o:ite inch govnmenalc poZ21II, llcm J.d 'PlrOVUZ as are nsruay for, and 1l. thei p roee. u approziwlte it heal design, flaamla anod a~tn td *ot~ci *fta
- zides ignated aad drqp~t e I Foat¥r for the supply of elcttzl powe and lt.e Partsitpant anud to slU other 1 eldcal mubdlviln oanlnctlq with tbe Anlhty ttbufor, and ii] sel them~anrd aerteea of such pnu'usanlto this Cnntraet and to eub-StIst with ather alwu, deslguawd together .4th the Pzlelpamts u 'the Pazt~dstsm' and* WHERL4, in to unable thu Auslthit in Issue its rvueaca boedato pay tl~e oasisof'aeq.uld..
sad eaaU. Prnojct Fcrzrlt Is aeuiwyxr for the Autharlrl t have MafD contru:. with -".U pditittl51 UbdhiWm~a of theteatedrOeorgla,pezatt utho ttz~t ofIOL LI7S.]7, p. 107, ii imounded (l["th. *1--1 IO, O.C-.(A..), that sic Partlipsuta.
4,, Projet One, "'Two snd.flraa.
and allatnibtable to Project Tutu o to the Ana Project Four Cmts, as heasiosh dab to ha made In urammdne wthb or pqriuanl to this Cotract sod suc o~the ceotrnuts tshal be pleged as we'.jrty fro the pam~ent of suc ons For mad in canldruddy on at thapatnlses and tha mutut/val w nsn and aaroa. t huIaftffm act loath *ad In order to pay tha Authadtyfor Its costs of providng to lba Psril*ipsa, output and related zeinecas fiom Projec Tour, savd+ tn forthc enabie the to improve the Participant'a hl Power Supply through the rearrlogansnt of murtaLin sale to othor utiltiel Of' a poetlon of the output of both Pro jeet Ouc and Project Pour, sad to fur~ther enble the Authsorty In rcvinunm to the Parctiputas Supplemarrlil Bulk Power Suppiy, It Is a~recd by and heltvmo the parties here. as roUova: TE]RM O1 CONT i'c, D 16 Section 01. Term.The term of this Contract vhst! this Ceoatact ibllU consitute 5 bllridiobligation of theI panilcs hereto f'rOa Sad alter Its e.reevition by thse toIi¢ ezIw1C th m"= the 0c o this Contract sha~ll continua In full fomc sad me.i nmot ereelnli Bfy al ofrihe Bonds as he¢rctaftsr dehned or n'otes Euucd In th lnsuanne of Bonds aid, the Interut tbnaeoohave been pild or tot pa)'eet shaDJ bate ben n cordanon with the FroPda~ns of thet Bond Re solution or unif such Ltha, not excadfln 61'y (.SO) Ye' -jec Four u~kall h be sdtre fromiervite, decomrialoried or dlsposa ofby the Auchoe-ty, wblcci is Sect~n 102. Daltidoos and I'-ptaattooi of Tin'ma.As uaedbrdia.(a) Act'" salli me.!n tha t certain Arc of' the igis5 Jeas~n of the OGenera A~ennbly of ibm Stale of" tisrg..' coailcd Sad pabtlibed In I Ga. L. 19"7., p. 107,am the same huu bee heretoore or may be berenflar amended (T[tle 44-2-110.
O.C.O.A.).(h) "Annual Project Four 2udget" ahatU mean wit respect ma a ]PowSupply Year, tha budget or al~rdandd busdget adoptedl by tbe Authority purl-uant to .Secl~on 201 whic bu,,tel shall enutalo itemiJed resilmatina of AnnlU Pwjec Fou~r Costs and ml reveu'ua, Incame., ar~othet itn to 1. appllr" to ator Costs.S(c) Amnnald Project Four Coils" sball mesa; with res 1 cc1 to a Poser Suppy Year, to She crl'tt.not paid a s a Crasto 0Ac.quhition sad Construction, all coils ad *espescn of tbe paid Iby the Authority duringl much.Powe~r Supply Year alocable tnPoje~ct Fou, which sthad oonist o those [Iems *o rat and eaperisa ref cried to In Scctloi )O05(b) Anaslsd Project ,For P~bcl S .Charlg ad Ohr/oruaI Project Four Crate.(d) Amtsml Project Three Cuts" shall, mean those nosts a,.4 eapeusa 1sn Sactlne oftihs Projct Te lower' Sales Coutnet. " S- (C) "AnnuatllrojeeTwo Ci~uta shlul we-n tha ostac~ sad aa~ns Scin IO2(*) ofl ih¢-Pro]ee" "Tlwo Pmay Sales Contract.(I) Supplelmental Coi.s" skall mnen throe costs and eapenses of die Authorty llocable to the pwvhaaf, o r f'urnshL~s of Supplmmenta Balk Po~wer Sup9Jy to the lPitl! .ssu,.* (g) ..<onds" aball mesa other evidenoce oJ *ncullmI~,4h h Authority.
ste t~cpsto'lw of' the Bond Re~solutfon to mann or reltnan the Ouat 01 Aeqisldek.
and .Consirucdion of Project Fmjr. wbehor or not any hsem of aueh BOna ahlul be aubwluatn~i as to paym. nt to any, usher Isue of suchb Honda. sad sbaU Iodvude additional,'Bon&
ue pursua lnta to the provisions of' Seto 401 here.cf and dmdfinrlo Hooas Iuucd pursuant Un the penlniona of' Seto 402 (h) flood Resolution" shall mesan th! Ocaeral Pgwrs, Revenue Bead Italdun adopted and scadopte by sho Auvthority on IMatc. 22. 3971 and 19, 1911i. rtolg"eIvly, ma fro time to lime supple~nessted en amended by' Suppl~eote itl Res.rluIlnh thert~o, induedle the Sngle.oeoza aea Power+ 3Relcnue Bond Resolution autho)riing Fonr to be adopted by the Autberity and aconeped by the Trnane thereunder Jlet ts. 5rent of ib. owners ofthe Boaids which ahall Isuvid. for
- 0 the leusuco of Bonds, a cowy o whic Gcneral Po'c Rl~oue Bond Res~uoo and Supplements Otcra-vl Revenue Band R~z~cutloa authodi/lo Pznjet Four in subsianilally the foam~ to be adoptd by tha Authorty shall be on file la the ci',th PartJCdjAnL (I) "Buk power Supplf" shal m~u, widt respect to s Pattr dpant, all elect'Ic p %ep nod'encigti reqitred by audi In vi that ain~nt (I) suppli:d by any gaealen n and transnilislo ruon ownd by such .Pstdant to the effectiv date of the Power ales Conbtrct. (Li) recei'e by suds Partlelpast from the Southkast-un.
Poer Adolsladtioo nod ((i) proo.ured by such Participant fro alteinsti bulk poe sup~ply raoi in sctor~knco with the p~ilioos of Section" 404 vi te Saes. Contract and mnbJcc to Section 306(e) o' ",is Cautrat,Comwdsai Openiioa lDate" shall man, with rapect to each fas~llty of' Projeoot Four, thy beglnna 1 of the day on whichsuch fbacility of Project i'atw Li, In the opinion of the Authority, produdni and datvering dcrariopoe and aneigy for atictelala use.(k) "C.onnudn Eolnr" shall mean ax cojle or enstfeuoa fir of' nationl reputation haviJg demonstated apertls In the field of echtJe gierstiat.
trnaimluw, po~wer supply, elctti* utility operations, rata, anfi rumlullty.
(.I] "Contct" and "Pwje-t Four Power Bales Cootracia shall maun, resetively, this Contract an all Project Four Povwar Cntra. this Contract, entered into* by theAuthbyandanPactl pane, l each acaa as thinaym m~ae xntimeou x (in) "Coal of' Aa~p~slon and Cozutruction" isbl "asx, to the extent not Included in Anual" Project FPoer Com. .31_ costa an anezpre of planin, dcufgnhg acqufrmng, consunc.o, cul mtallin&and flnao.n?rojeot.Four, plad~nj Proju~ Four En operaton o or of Project* Font rid obtalnki Ioyei.znitia-pprovals, Ical~tes, and 'ith respect the:reto at hcrrs/ler pad ar by the Authority an neal Include., In addItio and whthout .* (~~~I) watking eapata ad ran~a in such ainoests a may be ,atabluized p~ursuat to ibe Bond Resolouioa, ..S (23) Ent ret'aonmlnaln bok orln patJ-t n B pdvp r to nd d fo sec~h ond pesrod as the Authorty s~ resonably determine to ha for the *of Project F--0.r or any facil'y therrnofn operation the provis~ons of the ~-O) at°;'hi-ton OI nitia fud orfual ksentry rn. schaiena~dfactorty d roject Four azdead theef'or ard wonrgn eapiwi and rue-ya for reload fuel ,,-4 sddi.(4) the dlepos~l or depo~siU f rom the ofr Umds Ismiol to finu~tce such cmts fn sn7!sni or aoaenas otablhhcrd jorazant to the Bond Rmha~lutfn to meet Debt Seii raerve mr~tb for floos.(5) the depoit or deposha(roGm be procds of ahc Bond. leur to financ such cats In anY , fbor " a t*a sit estalbshed "pam ant so tl P tgluion asrs~ for r~ s a--d ,.rnplas, -tlumcot f'en. se.eicn, doeomul.hldai or dsposal oaC any radlty of'ProJect faut r or eont*p i * .*(6) tradelnal ud teitlti cab Inucrred by th Authority, (7) r.r .roinas svtigaeio and daveiopoent cosu, wlne4ieI fM5, onalactar,'
tee, costs o1 Isbat. neatedali, SquiptnsLt utl/lty sinless ma supplis, a'd lepitand floaod 1 crots, (3) a.l CUU of' tnsnraqen applicable to the period dcoatructicon, and (9) .2 othe.r costs ineur-ed Iy tleAuthor,/u ad jwujarly slloeabla to the acquisltion ated-nsua-tio of Pnofect Four, in*lud/n al wab ke nned by the Isuace of' addhtional Bond.pasmant to Seeitan 401 hcrf(.
(a) *1Debt Service
shall nrian, with resiect to any prilod, the iaBleelate of the amoutial required by th hand Re~solution to lie paid during saiid pleriod into any'fand at/ll fads crzutd by the Bond Rocsittwi for the sole purpoae of paiynig the rinti-psi (indudiug fund Insitalmeata) of and" pres~niut If aoy, and interest on aUl the Bonds fl tha to tlme autaztidlzia a the raime shall beo~rne dec 1 psom,idd h*u.cver, t11at Debt SerlIcz lhall not Include ay accele~rsdoan o31 th maturitj o the (o) "F.Ite Cots" shall mesa all cost incurred by the AuLkority durilg aosy Power Supplyt Year* that ,,r allocable to the acquisition, rabnzicaiite, pmcaln. reproctalni.
trapot ation, delivezio, sltorul, huandling.
atid zpoas~ia.
o nuclear fud meteisbla ri~uLred rr die generaioin taci'litdes of Prujeci your. lrtiudiog transfers to reser-ves esutbl~she~d by the Aquthority lfor such cont rainted to future Pivi..rYean, EUg credits relate-d to such cot applTed asl appropr'iatb in the disc*rcti~a of r.]te.Auathity.".
.** (j) '.Pastleipant" shall mean the oli~tical aubdilvrsla which Is a party to this Cnm'tract, "Partid.pants" ahliU mean alU political ajzbdlvvhons In th, State of Georgta vabich own and diperate ejecijic diirbt.on s'$stems to ser'e theidr dtzlz.ns, Inhabitnts and cuhtoinelpro xvidin them with deieik , po~wer navi enteigy aad whlic are partlie to cntrd with the Authority siUbadtantlay ldeanl3cl to ti.s Contract.
Th turn Pazlielpaunt," mad th terms "a Pntripant" or !'eachl Pa~ilclpnt" shlltoca any ene of' the Pud.ticpais or each of the lPartiripatst as tile CluS may, ba. "Parttclipant" shlul irnclde an, antlsdoa~or agency of such political uir, injijonll which operateat c ornducts or camclscs jurlsdkc.linOe any cesentla fuaction o[ the Psrslclpat's el ecUIc~dLst'bUtiOn systeml. .* (q) FPowe Suits Centrca" shai mesn tint cu~tain Power Sales Contract, u ha been heretofore at m1,y ha'eaf: bea menlded entm-ld. into by the AsJt~het tand the Participa-t as of Marez 1, 29761.Cr) "paow'Supply Year" shall eaun tli calcadar Jmu, escept thata tbe ntPawerSupply.Yws~
shall begin on the earlier aof(1) the data the lvn provide electric power tad "eeaZy der. (Ui) the date to whic~h all Interest I, ealalhnd/
on .11 Bonds, (Ill) the dale whirh ;,'12 zna~tha Wior, to the dsleottwhlb the Ipu pr ncplst~llrnet oay of thefloudsu or (Iv) 'J liooan wblth-any AshualJ Project Four Ceats betcme payble-Sas) a.projet On,=" haltl mesa that deven Sec-,Ion 1o2(,) of rib' Power Sal. CantncL (t) "Project Four" shall'nw~an those electric eaerson aad related trsnovzsmt~
racilitkl which*lira Idendl,, In the Descriptiaot of Projec For atltached to this Conttnct, together with Ci) any maj.or.renewal reptczcnts.
repir as, additons.
betterments and tmpruw.ment ne.cessasy, in the oplnloa or" the Cnnsltz to keep Project Fair In good ajzrating condition or to ptewent a l~as of*revenues therefrom, (hi) any major ndditloai, impmweantz., repairs mad mod.ulcatloos to Projec-t Four and any dwininlsionlni o" dispoal_ ol Four rcuirkud by say ag halehg" jue"IldiAn ove Pl"roect .Four o"/Io" whice.h the Authbrity shall be responalbla by} vit of' any Ob~llj-Sl~on cr the Authortly .rhisn out of s)y contract to which the Authority may, be a party rrjatlns to owjnuship of' Projec Fonr or anyl fadlliy aheraif, (W reload fund or addltfonaiful nlventory fol'r any generatin
[tadliy of' .roject Four to the exttent thataul:dene (nnds are not available to jay uthe c therutcf, and (v) worInl capital required by ,he Authrit during consuisetion otr Project FouLr and for .* tLhe plahin of Projec Four 1sn oerantion anud dnsv any period ther'eafter "as may lic reasouably reqired In tlta disaitlon of the Aquthority.(ur) "Prnjec Four Slllng Statement" sail3 mean the written istatment prepar, or caused to be prup~ade mootl/lyy Ithe Authbority thai shali-be .haed bgoa the ,Annual ]Project Fou"Rludget or Upoa the amended Project "Fort nedget that shall show the monthly amount to be paid to the-Authority by sdue Participant under this Contrct,* v) "Project Four Ob~liadon Share". hall mean, wt'h, respct to a Particpant an any Power Suppy Yea~r, that supecilv peerentateq set forth in the Sebaldula of Oblliatlm Sham attached baits an henbyiacrpo-uted by reteanc- u £ part of this Cnt~ract, of the Annual Proe~ct Foeur Costs that Inc.h Participatq m obJllgated t.o pay Iunder ahi ContlacL
- ' (wv) "Project Tote.= shal mea that pbrc:t defiired Ln Srcedn 102(s) o ! the Project Thre P~ower (z) "FPrject Tha 1?owe Sales Cntrct" Jsha1 incan tt cuuin Project Ibre "Power Conlbtact, u ba be hueetofare or maiy hereafter be amendd, e~tered by the Authority atd kite Partdcljwnt as of May 1, 1930.(y) "TioJect Two" Shall mean that .projec-t de5id In Sectim'D2(a) of the P roject Two Power Sales Coantnc$(z) "Project Twrn Power'Salcs Contract" ibal me.n that torts;,, Project Twon.ower Salrca Con-Leadc, ua haz beca here tofo'e or .may heresaf.e bea meuded, nten~d into by th Authodty and the Partlicipaut u of Felanay 1, 1)71., (as) "Prtudent Utiity Pratice'c at a pa~rticulr time ~bIl mean any of' she pracrtices, aethod and acts engage In or approvd by a ant ptiiog of the eltrt utility Indd tr. to inch tine, or.any of the practics, methods ahd aeti which, In the ear~ze of reasonable jfsidnt'ia huJ of the acsts known a!te tiw the daclafon wuz rusic, could hav been eapecld soatou:mphis tb draire result at the Iloreit reasonabJ*le coast witent with gwd business pracee, r~lsability, isliet ind eipediton-Prodent Utility Practice Is not Intended to he Umited to thu optfumpiactic.
meth'od or a~ce to the ezeluslon of al~l othertl, hut r~tbcr to be* a spcce'm o/f postib51e practica, oitd or act havl.ng doe regard (or ,useuu/cturers' wuur~nude sad the: rr qulrem.nens of lojnveruntsl agrencte of.competent jurbsdrctio.
In evaluatng whether say act or pr~opol confroms to Prodect Utility Pruo: t Ine, the puttes shllU lake Into acci~wt the ob.jeKctw to achiee optimum uti.lintio of' the Autbriortys (bb) "SupPieunetzi Bulk poaur Supply" shatl a,,-i th reepvct to a PL-tlclwi.
ta~tt ort'ton o1f Bulk Power Suppy by sqcls Pp.Tl~pant i., of that supptied f'rom PrJects 0Cc, Two, T~ree *rnd Foisr. (is ui of the escratng, neslpacsily guerno tasumlerlon service, scedledd emearrienc, or economy inerhajeservic e o sues othr icac associated wkltsznject On; Two.Ibruc and FOur, fild, unles othrwise jovdl In ol outpot and reblat servi4ces of pro jects owned or rentroile by the Authoity from which Els Participant cosilnera to purSu~aleczzi powe~r and rsm~iY.*-(cc) "U-,-,nsoflablc For~s meanl soy cease bajusd the ecos:lu of the Auth oiity w.hl by the exec*s of duc dtipsice:
the AuthoritylI unable o ovucrcmc.
loidadi but not limite to.*" faihlure or r1bwJ aoJey othecr penon or enotit to comply with then existhin with the Aut~hor-public essey, civil and miltay authority indudlq court orders, Injisetirm, and orders of" go~ve-mental agones,.s.with porpear Jurisdicton, Insurretlon or riot, an actof ithe elmets failure of eoquip" m wet, or !zi~b~hy of' the Autborir or any fontrctr enp~d In work* no Project Four Ino bt~an e mat~erblal wr quipmen-t Ialeani of th e.fect of shzmilar cesel s aspptl~eu or czlen or Inas'uiiey of" the Aut.hwlty to sell or Issue lItlos o r notes.(dd) "UU'onfo System.0!'A~cess s" meo sh. U~niorm System of Accousis for Catss A anud HUtiliie aM L.ceoiuai,_
~ureruihal and, duie en time. us amendd cd- nsdled or sule l-" tuijtiuLr~c/lrr mlldn b) th Fe~dera ]Enrry Reglatory Comnmisson or Its siurea.cu,.
- "OBLIGATION'S OF THE AUTHOR.TY ANTD 215 PARt31C1[PM~r Section ,01. /A~eual Frea-ls Foure Dudii., TheAubady jrsp r ad sbfit o hePs~ip~tan Ann~ual Project F-ar Budiat lest k Autbanty,a*t a.Y tim until such B udget is adopted, any matter or su/flestso relaing to ausahiwiget
'S which tbc nay= eseo preint. "1"b Authority shall the pr1:cee v~th t.1, considention and adoption of erach Bud jai fnotlui tibn tbjily nor mor'e thin torty,-fit days prio to the be 1-inla or such Pow, r Supply Year and shaU cabn aps *of Inrch adopted DUdjet to be daliveed ,in the PanlcI pant, provided.
howerer, th 13udes ft rhe *int PoweJ Sujiply Yetr shall be prepar-ed, conaide-cd, , zopted and deliwed in the most pdi~cable manne available in the diseredw at the Authority.
As requ'f'reom dma to dim= dudnI any, Powes Supply "Y'ar s-fl ihky days nousk= to rho arz."pa~ut.
the Authowity adopt an s-mende AnnIutl Project Pour 1Eudsei F or and app'liazble to sue-.It Yeari oro" the Year.The Author~it will prepar aud lsuaz to the Paritipant thet folww :prepol eacb month ni the Power Supply' Ymz;* (I) Finania and Opeucal Statemaent relating to Projme Four.(2) Status'of Annual.Project Four Budget,*(.3) Status' a! Construction budget of Project Four during contuction,"(4) Analysis of opeations redn to Project Four." Ssction 203. Recortds and "The= Auth~rity' w1"J] beep aer-ualte ireourdal lad ac4Lunts of' each. of the. fa'lcuja corupeidn1 P-rject.Four and ofeh 0tOPufouso or hcAu~bmrity n accordaitcnwhth tbe nt.f'o~m Syztem of A Es-id acountes-bl be[ 1hiec tm!o an LannUal audit by a Em of tnepend..L at15 pusbll4 a~cpUntanbt
- .eapcrrencasl caric utli~ty ac-caeul.ting and uSf national epu~taton to be aubminlur to iha'Aotlsrlty w'hi W[ Ihw£ days ara the ele.a or any Power SuppZly Yeasr. Au tm'Ia/actions of the Au thoity relating to Projact tour with repect to ech~ Power Supjly, Year shall be aubjet.,to su~b an audit. A cmpy or are ann~um] ludt aba] be delivered to each Pu, tlelpanL.
- -Satiod 204, Ceezuldng
]14w.(a) The Authority wiLI retain a C~onslting ize. to as-int. advua and make r~o=nom da1o.to the Agthwltyol OfJtnttn reaing. to elc~tric power ge.4ratlon, t-asnls,,son, poe suppl, electri, utility ope.,ations, rats-a s ehazg.ai, fs-a'oLbtty and budgeb and halleml casu ich Conaultinig to prepare within one'handred and twoney days folowfig the d"a of cach Supply Year an" annual*omprh~eve enginwit rreort with respect to nrjec+/-Four taor to lminedlatelezdin Power Sup~ply Ytear and whic shalz 15i a report iu reasonable on the operaions of' the AinthwiJty, including ll items req~zire by tise Bond Rol~udou to bea rcpcutted upon.* (b "Tha Authority salxal cause a copy of" as-d e*rjhrneerin rqru to th" de.live~re to 'each Partlepaut-
, S.cti.n 205. Adjiatroat of
..*At esl..d ol ech Powru Supply, Ysr the ALuthor ty shall deteteui Ut*.o agg4regate a]mount paid".during such Power Supply Year was In the propr amount, and, upon the of such ddtsanmlaa.-
elan, any amun found to hare Icflt paid byuize Panledpans In of s-he haye bean paid by the snc ( at s-halt be credited on the Proj:4 lFour URllng Satnnna ta~tts te Past~epa f'or the rnmasnln moth or month of ,he Power Souppy Year nest sucx:dlag the Pawns Supp]y, Yeat for whic~h inch adjustment was detemineud to hay, been nececssary.
Teup'cet of the amoont of £11, deiScieneyuhl he added La each of the nest ten Project lair Dilhing Statausnts in the evan t-has-te fralure o' a Parlicpant to pay, any aiOntSn due under t.hista.cS shal~l hava] resulted fat1the arplics-tjonof amnonna In anU~y msina or etkis fud tundr the Dood ResoluIon to theo payxna i sayszbia fro such ramurv or working fud and the other Purdldpanztasthani bae ullde up t]he ddricincy aeautd by such application or paid aldditional arontsul into such resetrve or 'workingl
- thnd, ta~ontz thereaftor pai to the Authociy by such psrtklpt tar .pplkatbm n tsuch lust due paymenlO shall be cnrdite on the Pr oje"t. Pour h~lu S l ate of ~such'~ ot.er Participant.l In the neat month mr uionthsi be apprepste.
SectIon 206. Dlsputed .lonkly Pro j~l Fou' flDlJhji Staeme..In caao any porliucf of aily ?roeet Four Bilflnj Staiemrnt ra~eived by Lh,, Putrtdpantthi Authotity IhIIL be Inl M dixpul;, the Puxtdppt 1shait pa the Authod~ty thre fu~l a mourm a! suds Stitctiezit, and, upon Slut corrct amount the bctwicc Sudi correct amat sod such full amount if any, wil be eeedi~cd to the Pan~pzt by thai Authorty atierdstcrm.ntlknn.
In the event such Statcmocul hi in dispou 1 the, Authority wil jiv casid ortion t o such dispute and will advise the Particpiat with repr~d Ito ha iclative t.heecAL within thirty days fo~airtg w'iztenu nat/ilardon by the o! such dhila Section 207. Soui.w. of Partldps~tt' Payaflaxs.oblljatio~ni of thc Paliolpaci to maie the payments to the ,Author'ity tund this Contract shrati *onstitrite general obliiiload~
of the Panicipat fat the psyu~it olwhki t full faith soil mrlit or the Patrtlcdpxnt shall be and the sian hereyh7 ;lpcdetd in provde thea funds r'ufurul to fulil ll" "i uzdcr this Contract.
Unlesar such jayuieeu at pruv~ons for such plyiietashil have been nmtda from thrcz~auea orthe clcjriac ystem of ir tPsztrlpant or from otite fonda , lbs Participsnt will annuallyli ea cch sad ever yeat the teem of this Cota 1nc in its. general revenue or appropr4ation oneirure-, whettht a not any cili itm~s ar Includri.
smoas suflFdent to sadaf the payments nqln ta b. made: In each itr by thzaeOtutflaltpaymwtaxz requirus u,,da thus contract have been paid ha fulL. In the em.t for any raum any audi lkw~on ar appropriation Ia ot~ madea for a fiscal year of" a Prticpant, the Ue duet rital omen Of the "Pirti.pantahaf, in aco0rdtan with Iheprovisons nf the data of' this Cefst set up U sIt app~roplatlon An the accou~nts of the Participnt to eac 6it1 the amounn wnrcol to Ipay the ob/iatius catted fct under thi Conuso Tho amount of tbo appruprittoo lii audi Bm! yeato meat the obliulfllon of thi Contract shall be d uo and payable arnd shltU hc epcndpd for lb prpa of payina and we-tirilthe o~glpwtio pzaddd Wider tha erm ICW51 conditions of this Coneslt .4 aj udi mppxraprlaon shall have the. liue lepi status u ff she Pailunt had Included ri.s amount or ths in its genat revenue or appruiratice OiUflLS Seetoe 2031. Eats Co'sa~t....*
The Patrieli/ant wfU esatabl~sh, urn atcale mnd coialco ratea ad ehas.r. fat th cinee-ic MM-am of Its50 Us to provide teve-ousm 50Ciroii,, tclothetr with av~la'eta elO r..c toi en -,-Iblo the Participant to pay to th Authority sit £mauntsjayiteh under this Cemima send ta pay .11 oth"e*.amounts paywbla Dad aU LIw1ttL~hIZI.
aip*[w4 or liens on th suvuua of 1 eIt Into any contract pursuant to wbich a noucecurt pnce a~xra en take, or to stue U pay [ar, gxuu~purdiased from ]Projec Pour. pw.e of the prccdiej seat~ 0,0win1. pe ace" shlld any entity wbich Is not a ,tate tesithory, or ponaeuan of abe Unlted utales I, Ith itske of Canobia.of any politlezi aibdirislora thr.-eu, and which I not enasupt ftm tm.lcni undO- Sen-l. -'01 of thbe Internal R~averc*ode of 1954, as smard'e&
ARTICLE in U~zan1cPovtm AND 2ItG&.4... fl f~~i.4m fPrjetFROM PROZE OrPOU *The Authorty 0 sue Bond in seu coair tiour to time tinder the B~ond to inmum ucqtJL't an owil Plo lad Path. The Authority wlf caule to be dilytI~d to the Prlil~psU the output and aervlcu or etch hcillty of Projc~t Four 'or the wefol lIfecof ciek such fadliy, subject to the prodilorr of Sectfotu 302., 307 and 311 hereof. " Sadi~e 30L. fntmertumdou Arnnge-tab.
rile AuLiordty.ndJI pure~hse or prdd SUch icnentieg rapacity rzrbo ai~ri*ce, 'tnnsmiszroa servce, ucltztmn ci e tvie. euri=,ca isnice anomy htc~imnqo a=enc arid other Inrc~hangc servce assoc~ated wit Projec. Four au oay be for t/e reliabl =rid ec'somznbw itply. of the output and ed 'vca aiProJeet Fai. Th Authority may ese sergy from P~rojec. Four "ewbx,'in the detrmirnatlon of' the Authority, Is aurp~es to the rqukuir,'-e of the u such surpl,,, may be musllble from time to timefor the vu,'me oteconomy inte*euaug. .uvrey or othur Intercungo serv¢ces "4th others, mod =ay net revenues rec.ird by the Authority for a.ny auch services*shall be =cedited by the* Autboriry to the An~uIlProject Four Cits: Sectfon 303. Oparulfon and fdai,,tannoea.
tabus the same to be oil-ited, inuitalnal med anageld In an erdent mud manner, consset wfth Prudent Utility S' etie. 30d. jesnece .." The Authority shallmaintain or cause to be amstlnsled u CuU ofAautulaitlou n
or Mnaul Project Foar Costs, sua.h tsuxuneo wih rnspet to Prnjat Four u shal te ava,'labia mo a Is usually carned Isy utilities and operating generatni facilities sod much othr Is" tuanu~as is usally OJT~d by electric ut~iiie In conformity withJ Pzodmot Utflty Pratce.(a) Th Authority iaiU dete.r~mi ll zlof Its costs the outpat' md by the'Authmity to thePartlrpsets relatingI to eac istifty of PrrdJct Pour for Power Supp1y Year, Ut set foarth in theAnnual Project Four Budget, or t.e ,,mei~de Annual Four Budg.et adopted by the Aetbo'tty pursuant to 201 bz:f., med such cmts ikl in the agIregate tb- eqa to the Asians] Prjec F'our ." (6) The Annual Proje:t Four Costt for th 8ermiearmo and reited ta~su l .ioa fadi]itla of Proje't Four shall Inchude the ton Items of cst a nd se ." " .*, bat not/limited to: into any fund or account e,,,lihe by the Bond R~esolution for the payr=met of lDebt Se'vdce mad any res.rve req'ufreweol for Bods;(B) amounts (not otherwis Included uuder anuy lt~m of this Sectdon 30.5(b))/for the fmdll~w* of Project Four which the Authority Ii require~d undae thu Band Resolution to pay or d~otl dUrinl guteh PowerSuply Year hint may other fund oraut establismthed by the Bond kecolt.* do, and Jshal include, without llmlauiov, ma~ky such amounts re.quire~d to maUke up any deldacy u ny ruy elva fund or workdng fund required a pawdiud~ by the Bond Resoution rueniting forn a defanlt In pameta by any Particpant oW Partlelpanta 01 amounts dute its or thei" Project Foes Power 5SuM Cort~eits with he Anthority;(C) armounts which the Authority Is requmir to pay to, or payments iaq lieu the.eof attiibutable to Faui (D) aumount' whitli the Authasity
_s rquired under the p nv'ious a! t.he Bo to pay or deposit Into a reseve for rie Wall and rep. crnarts; ..(E) am~tlntU requite to be paid by the Authority undr the provisfort' at the Baud RacoI'-.a,~y fund, aedosat ci sub.accouat catabliae therrsndU to maJm tp for Etymenta thucsdrm to any other fund, swaunt or 'ab-amount uas rezult c( Inufficleoy 0trrvensu.
with rapc+tito
- ay ,project inatnced updcr the Bond RUOIlUII0n for which the PutJipaat has ezeu~tod ac*ootn~t the Authority for the OniUl, and servic.s (F) amounts wWicb must be set sisde by the Auth~oriy for thc retiremnct from servce.decnmllonlna or dispoiai o/. the fa~ilties ot Projot Four ii may be acquired by the Dond (0) amono tl wich. must be paid by the Authority for the pwehaa of menerating capacity rescrva far ProJect Fawi and*(2).- An.ual PetFour Cm,,,," ".,ichmeanst
,,,,,ti An,.ual Pr:ojec IUlO othe ,ien ,Annual Ptofrt Four F-ie4 Chare, Intud~in, but not limited to: .a1l coat of praducln+
and de.]iverin el'ctulc powver ari from Project You" to the Paxddpanzs including, but not l~mitJed n., (I) Fuel Costa tad other ordliu7y apaitimiands maite-nancem ceu and provisions/or mresre tleretor, admi~ drtve and a*cneu] ns iuoru, ee and.ovedi cad cost) and any charges psyabla by the Arnhorlty in with'lb output of Projcot Fair. (I') net coatso oscheduled.S eulczg-ncy, ecorwazy or other intecrhange ae.ice ilncrrld by the Aulboelty I- connecton with, Project Four, arid (ill) a share, detmiciair by the Autho, ty to be.t lloeaiic to 1F.jec Four, of all opcrsliors and malntea c oats etatehd~ to the oleration and* conducting of tha bdsl, nriu of Authority lIndudlog 5sal13C, feca Ibriegil.d enlhneuin.
and oter seavces and a11 oitie ezpcnsez propely relattd to the conduct of" the a~ffair. of the Authority, and (B) amomun required ot the Authority by the proririons of the Bond Reslolutio, to pay the cost of or to provide reae~r'es or (i) cztraordlnary operting and nmltent~in=mc lt icluding the coat ol'd~c,,lad, emergency or other interchange service and the prtvc~tioU or of any urnum] Ioss or damsage to luep the fac..ltit.
of Project uoor km scod operatdngl cldlton or to betterment .nd Irupeovement.
necesfay, in the opbdaz of the CnsiltUng Eatiser, to izup tir racDltj of Frojeat Tour In good condit~ion or to a 1055 of revnesmt rnzp,,fm sand (10 any ma, or additions, Improvement., repair erodiic mcLltiana to anbyic x' any?elzti~un, dmwmnlailloninp or dIbpmls of any na.. fac~Ity, requlid~mlh man alP.c~y havwinjurisdiction aor PrW~ci Tour or tar which th Authority lhadl be responsible by iditeof any, obl, igati.n o1" the Author..ty arising ant of any coatuact to which thu Autliadrymay tb".re kdng toronmuhilp of.Project Foar or any facilty thereof to the cxtat that the Author.-*iey h nec retarbarn uherfer fero thon pnocod, otiozuauc or foods tor sueb peymar.s ar not arailable to the Authority th,.rdr tram q.n7 or acouasi ,.ataflshbed undr t.e Bau Rsle-tdoe, or ungAs .oe ouch pa.yment mm Doe provied or to he provided by the hsanens--
at addfdonal Blonds pursuan to Artt.ch IV .f thish Contrac.*Sectlon 304. Electric Poiser apad Energy Prawded by II uhct'(a] Th Autho'ity will pwovlde or cause to b'pruvlded to the PariitiCpara output and aervka .f-om Proje.ct gour and servlce ducribed In Section hmI, a may be avalble for abe uef'ul lif"e or Project .Four, and shl continue to provid or cause to Ix: prodded to the Patricipant li Supple.mental 0 S Bulk Powve Supply whic may Include, but shall not be limted to, partial and ruli rquirements r power.purhuaes unit power sepir, fim and noafirm ,-pacity and energ service ira~nzwisson eyc (including narvlce b7 the Authorty to supplemet the Pailpasnt'i mont Shares of trarzsafsuon provided b 7 the Autherity under the Power Salos Contract traso those syste~m fae:ltlui Icluded In Project One], and other interchange aortice made available as a reulit of trsnhact~ovJ wi other util[ties.
It is r gnlrndz thatt the Authority may also.* undertako additionatl b'oject~s In the future, and that the Participant ma~y contract for outpu D related an-viles from any such tuture peojeeCL (b) The Authnrdty many combine the Annual Supplernoul Crot, the Annual Two Co*st, the ,A.nual Project Three t A~nnual Project Four and tho annoal cus* of any future" psoject undertaken by use Auth risy !or which the Participan't hus ecceasfe a contract for the output*antd ivitad aer~vlce shaw, for the purpos, of establishlnl rates and hsarpc, or may establihb for any of such costa septrate rates and chrges, at the dincteslo or the Authority in either case subject to the pro",akans or Sectlo 307(a) Iserc!_(c) In the event any'Partiepnt prcoue, alterate bulk power sour,-- under the provliloru of Sectloa404 of' the Powir Sales (sb-act, such Par tkicpa.,t'a Bulk Supply he~reunder s~hall be-deemed to be not less than she product of such Particdpants Enttlde~met Share, ai dednad in lts Power Sal1,' cotract, of the copacity related oustput and ae.icul of Projct .One provided by the Authority unde:r she Power Sales Contract niuhtplial by.* fractin the numerntor of which h. the sum of the capacity related output and service of Pr0OCCI One pro-ided by the Authority to all of the Pojec~t Four Participants under the: Power Sales Contracts plus tha capacity related outpl t services of Pmoject-rwo p~rovided by the Authority of the Pariciants under the Projct Two lowcr- Bales Coouact* lu the rapacity related output and servkce of FPouject T/uen provied by the Authority to all of the Partcipnts under the Project Power Sales Conuacts pus th capacity salated output and* servicc o Project Four jwltiedto all or the Partidpats under this Contract, tad Ibe denceninator at* which l the sum of the caaixty telated output and sevces of Projec n Grut'prddd by the Authoribty
- to ill of the Projec Four Participants under the Power Sales , '* Stectin 07. Ritat and (~rga..." (a) "[heAuthority will estals and fai/r awl nondlseri'nnautto' ratt sad charges whch wil povde¢ reve-ue that aj Isufr.cient, hut only ancient, to pay the A4nnual Project Fou~r Coal,.whectbo" or qot such Costa ar ceombfulue asuthoized byv Sc.ion 306(b), with'Annaual Project Twit Cciii, Annual Project Csts, Annual Supplezmenal Costs or the anual *c,, of soy fltsuze projects undertaken by the Authoiy wit rupect to which the Participant baa eatccuted a notact for oatput an .arlcu therefm.[a.
- (1) The Authority shall bW th Partcipant each month dudna e~ach Pawer Supply "Yea by providing the Pai¶tdpant'wlnh a Project Four Bul/bs Sateteispt for such snonrth (or-she saevice-obtained by the Participant from she A.uthority as act forth in Section 301(a) h~reor, inanu amount e qual to Iu poreocs of Annual Prolec Four Costs deterininc in acerac wits the. posionso of301(b) hereof. Sattomant shall be paid by the Participant on or be/'ore* she tenth day tw" in the date of such bill. Aaemnt duo and not paid by the Participant on or before said day eihall hear an sdlislonai chrge of one and one.half (I ll) percent per mouth for each or fraction ttrcl',di until the £nrount due Is pad In Iha. At th aund of each Power Sapl~y Year. adjnstrnen of billng ahatt be made 5n accordance with Scton 205 hereat Cc) At lgch tini as abe Authority Lesucr additional Bonds in 8ccordehc with the previJon ofhereof, or at such tios as the Author]y shall have determined that PmoJect Four or any part thueref shall no be completed.
I. not aperStaln or operable or its output Is supne. Inte.nupted, interfered with, reducod or eurtall ar termnasted Lu or inpart (bit Itss ant declare rjct, Four ta be toally and peznamnatly rtired from service).
she Authority will adjust such elmnn of Amn'ual/Pjejeca Four Cost us are necesary and the atets and chrgrcesptabltsicd undrSectioa I07(a),tO .
Iietrot and the Purticint shall p~y its share or such adjuted ratts and charles p1iumnu t to the prmvisiooa at Se4-'Oln i0a hersor, (d) In the event thatt Four should 1>e tcrm'ataid before being placa (a ,rn'te or ahoidd be dciuscd byf the Authority to be totall ty Fas.. taertS1, rtuehd itoa servncernd no ptttput or sc.nloees theref'rom are being delivere, thea the Priecot Four Ohiigmtion Share of each Partidpant as or the rime of such terria'rico or d~eelztlon shall be that repetve pcrct5Lh8 act forth in the Schedule of Obliption Shi~ei attached herto; and the Participant shall gay Its Pr jer#t Four ObIp.-lion Shire of Annual Pi:ojcc.Foor Cazs~ru shal be set forth in the moitthiy ?roject Four IDi 0 8 m Sltatenart which shall be submltted by AUtbOrity to the Participant less the allocable eredles to the Pati~lput's sar tm auch cat rm u oar resuhltn from erlnnct wth othe utildtln eterd Into by the Authority pursumat to Secion I11 hesrof(, U" iny, mud such payments shail not ho sub.ect to redctio.n whether by ofiht m otherwise and shall not be condtonal uspon. the pertoramoce or nou~rf'o'msnc:
by may pazlyoat any' sgnmtntm for my cense~ wbuc~er,.(e) In the event thai Proj.re Fer is totally out of 5 but 2su. not be-a icelarcd by' tb'e Authority to be totally, and permanently ryrn from sevc u provided In the foregoing[
Section 302(d), tad the Authority is .unbin to prvda any of the servings decsr.ibed in 302. the Atatboriry notify the PE'tJcipant and the Pirlcipint shill pay its Project Four Obhlgtion Sha~re, Ms set for th Insh en Schedule of Oblgfatc Share atntcend hueto, of Annual Projct Four Coa as shal be act forth in the monthl~y Project Four IglUln/ S~tatment which sakll be rebmtr~d by the Atathotity to the Pirddput Icm the crcdlu to the Patidcipant's share cf auth costs from" re~cnue vaultinl from cootructa w~e other utilitde entered Into by the Authonly pursuant to Section*311 hetiof, Winay, tor so iu.! -a su bcodltions'ob,.lo, and such pay~tsru shill not ho nsbject to redaction whetter by' bifact or otherwise and shall not be conditional upon the perormnesno or by any party o' any tagnocs fara any cause whatever, Saclion3418 Power E.ntltlement said Payment bl~lgttbno.(a) The ?v.ildpant shall take fromnthe Authority output and servces 1i'ou aid acrvtces provided by' tII Authority In au~a~nee with the jeuvilons of Seet/on 302 hereof, as way be aviP~abt for she use'ul I/Je Four, and. hazed upon the rates anqd chrges~s ,otabliate pursuat to Secton 307(a) hereof, the Pautldpant shall pay to theAutihorty its portion or she arnual P;rojoc Four ( b) Jn the event the Authority shall eamb~mnAnotia Project Four Cost with othiret *as, u act Fo-thb In Sections 306(~b), for the e/stablshi~ng rae and de Authority wil dentify on the monthly Proct Four Bflling Statement submitted by the Authority to IJhat porton of ,se to be ieeivad by the ^Athority fz the Psndiazxt produrd by sue --4 an chargas that Is allocable tO the payment ofthe monthly buld.letd anun ofAMasta Project Four Cam. Serb portion shalb by .the Anthedty's tonlw., Durina any mouth ,la
- Sutpply Year. the Parsicpmnt'a porteu o thc monthly Ann,,-l PruJet Fats, Fixed Cbaqls shell be*suc:h capacity setted revenue faraueh month to be: received trum the Partdclpant by a fraction the imams to of whih hahll/be the budgcttd amount OA,6nnustl ProJec Po Clarjau tot snch month (len tan eapadry trelate reveues acsualy rccst, cd hi the Authority dusina1 iuch .mnitt lmi psnnt so Section 3!tllrcru4) and the denomna(ntor ofw,, ch shal be the stun ofthu budatl, z samnant of" Anua Irwiece Four FPied oroattsu mouth (ls, any relata revenuur-sct,,-,ly grzlve by7 the Aulbee'fty dustn month psuusantt t~o .Section 311 here), tho budge~ted amount f A.nn~ual Project Three Final Charga for such mouth (Ima any' eaptrzh-relate s~mouns actualy re~snic~d by' the Authority during such month pursuant so Secton~ 311 of' the Project Thrta Pt~rw Sali. Conntrct,), plus the bud/eted amount at Anoumi8 Project Two Fia (Th.ge for such aonth (aa any capaelt 7.r'lsfecd revenue actually received by the Authority during such mouth pumsuass ma Seto 311 of the Project Two Power Sale Contracts), plus the. actual amoun of apaczty-related Ananal .Supple~mata]
Cats for" such month, piusi thin budgeted amount of' capacity-redated~ anzsal etnuretools sueb mntht of any future projects undestalen by thz Authority with II r,.,ect to whiob th Psrtkrlp,,t hins asvuud a contract -,d Lbs r.su have been coinbino f'o pwee of estliblhzhloi 8 rateh an41 d chrgb',es; and Lt.m Partilpesat' portion of the monthly GILd.Annua Pro~aet Four Cau shall be such :nsayrs-ral.1 revenus fat such month to ho rotlved fsnn ILbs part/kipa t mulll[lIsd bya rncdca the numerator of which ehlls//c t]e LUJ3RCtad smotm or Other Annual.ProJort Four C~ osts'o uchb month (les any cnergy.re~latt actually roedvu~d by~the Au~todgau s-h31smoulthpluduant to Sdioni)02 and 3I1 heroOmt)rod 1.1ed dmimnit ozojwhleh s hall be the sum oltiba hudgoted amount of Ot~e, An slX'rojst Four Conts to: sual month (Iis any yal-retstcd rovenrsac tcually by lbs Auth~Efty durL~n much mout lunuaiLt to.Scdtloo 307 and1331 bhrco), plu the: budged amont oJ" Oslc Annual Ploct "hree fotrlor curb mont -(Iusi ay .nargy-relatt rovene~s actually rec.lad by the Authority dusteg such montis puriusnt so Stet. ns 302 and 311 a? o! t Pro Jotl Three Pawsi Sales Contrct), plu the budgeted amount of" Other Anmual-Prococt Two Coess ltar such month (lazs any eners,-rolathd reven.es acually ruclyed by the Authorit during such month .uruanmt to SectIons 302 an 111" or tSbe PrejeeL "/wo Polo" St)le, Coutras4u) plus tb e mer a mount otenoily related Ann,,al Suppleamntal Costs for m.u:h mouth, plus the budgeted amounts or sncrej related annad onsa suchl mont of any future projects.udwts .bY th.p ,Authoiy'l,-b in rpee to whic the Pauslc~ipan has ezc.te Lolniract and th-cents of whc hay beePn mnrined f/or lb 5 imrpoje afasabllzhlnla such rates and ehre provldcd, howa'cr. I'during omuc nucathl tbs amountl to be paid by th Perticipast ptmm'uia to the f'oregdngof thxis Sec-ion'tor ihe/r portdons ol monthlY Annusd Projec Four. *Plx monthly Other Amnual Pwlc~t Four CreW do uot in tite ..ggvegas ,equid she budgete:d amounts (CIT tota Project Four Cbsqss and Ocher An,,al Project Fois Coau tr h month Is'Ima rev.unne actua~ll rsi.(a~l~
by the Autlhorty durIn such monthIms puun~t to Soini 30 and 3t11 hereor, she Pausp asti~' p2111o0 e Annual Project Foor Fale Charesu ad .Othor Annual Proceci Four Costls .ah. be sIjuae pro rats so that the sum of all ol the Palrldpanti',port.ous of rauontity ,Mona]s Project Four 1ixe Charges u so -dJusted and the sum of all ofiths pinonsof l mo~shly Oibq Anual Project Four Cost as mu adjuzst! shall equal one hundred (10%) pa-u.nt of* the budgite Annual Praiset Four Crau tro each amoth leus guy revaina actually receved by the-Authority duringa such month pursuant to Sections 302 and 311 heref.All paymn'ts r~quiedlo he mad.~ by the Participant pursuat to thi Canustnt attrbutable to Projs4 Fmur or to the Annall Project Four Costs shall he p*leded tO ecoUr. the payucns~of the.*Authwfts honds.Sectfon 318. Fay'mmt as Operatnglapea.
Sn.,ol ari sa ecsrin power abd snerrD shall actually be ecceve by a Pasd¢Iepst i'ctlity or facIl~its of P~qja rour, the Far tlcpent's porlon of Anmual Projectau P sa hal. mbatpaid by the-Pait~loantsem ou
- te. I.puchused s*leeri pow :and j en fo PartIcipant'.
- electzlapz a nd- anI* epe.tu rol'pen'tlo a,,, msintonene there...o**
.-... ". .'-S~cdoa'31L Qru*ila to Anneal Project Four Costa.Tire Authorty may. pulrssqant to Schedule A.herunf.
ielU th OUtput and urrlas ofP faciULtie indudt to P4reject Four to othecr ut~iiis l~a additIJon the Authority may utilze, ad and ehtalg etjecapacity and energ fro Project Foaa" whenevc', In Its d~isarelon, soy Iseh rnmsactina Czn sesuonab be tiece to result n a more reliable or oromical overall Bulk Peeve Supply so the Fau_ drlantt The .alepased iproceeds fr~om any such mule or trunaamnloaashaIll, to the estant practi-cab!., te ,eadmalodin the Annual Praises Four Budga, and any Ocs revena actualy trecei/r by ,sho Authoity as t.e rns'ul of such sals o" Ianu..tiona shs~ll be audited to Anual.. Project Four Costs.12 Seeden 401. LuSOCeC if Add! dorsl Bends.(a) Additional Bonds osay be sold and i,-ol by the Authority In aucorduanc with the pnrviaim of the Bond Resolutfon at y u~n~ i and from time to tim. In the event, for any rreason the derived fom the sal. o the Bonds ml parpuant to the© provlsbon of the Actaind of thu Contract ahf be buSicniofdt (0or th.e liorpn of comple.[ng the he{Uticsato Preojet Four and p.ladte each faduicy theeo In Commercial Operalmu.(bo) Addhtiwna1
'od, may bc sold and Issued by the Authority in arcoraneco with the provisions or the Bond Rcsolutlon at any time aod from.tiae to time In the e*vnt funds am required to pay the cent of (1) any renewals, repkscementt'rsepra~n dditions, bettermonti, or Improvewnt/, to Project Four 12eceaIt17, in the opinson of thu Q(osullng Enzineer.
to kuecp Pro~cot Four in {tood{operatnt condition or to prevent a loss of reveana secfrdow,.(hI) sny nr.~or additions Improvements, repairi, or modJl*ad ons to Proj~et Four, or any resl'emants, de.ninmlaztonlngs or. dlrpatala of Project Four reulire by any Iovermenl ageUCy havmn JuKlsdktion ovar Pro.ject Four or for whk.5 the* Authority IhaUl bq auponJ~hle by7 vlwe of any obl/Udaio o the Authority adhtzn8 out of a y watilet to which the Authod ty may be a party relatnai to ownceritiof dPrject Four or any facility thereo, or f (ii) reload fuel or additional fuel llnventory ttr e*cb faclityo oProject Fou~r In any P aw- Supply Year to the exit, h that suodast funds are not ava'hable in any raee establlshed by the Authority fcr Furl Cwu provided, howe.wr, that no such additional DrsJ mayV be* isued fo te purpos of addina a ddltioalt gasreuiztung its to Project Four.* (-')_Any such additions*
Bondeshall be: aeuu, by m~asilzenL.
c all pa yme.nts atbtrbutable to ProJe,-t Four or to the Annua Project Fotu Cost to ba wade in accorda.et ruth cr pursuant to the p~roviions oar th Contrc.., and aU othor Project Four Praeer~alw Contracts, LI such paymcnu way l t,ueasca tad extended by reason of th, lauanmos of such addlional Bonds. and autt additonal Bonds* may be uIssd in amounts ,trident to pay theful amo unt of inch coat tad sufficit to prutidecu:
rcmres u niay o zusoably d-tormlniA by the Authority to he ddlrablo.
Any ruch addltional Bonus offrdeo by time .euialmons CC Contract and ofral1other Project Emit Power SaIe. Cantratat betw,," the:Authoulty and the Parildpsnts relat/in to Project Four and to the juasnee of Bonds abortfer 'rith all bonds thereof oer luued pursuant tohand secured in aceordsnne with the pro visions of this Conct.u Beetle. 402. Isatweca of Ralundlrs Bends hn Is. Det the Proje'ct Four Cotsu to tsa Pasliepntz
- o. ectric'power a~nd =energ from" Project Four may be indoca by the refunding of any of the on~ds then outstanding or In the erent.it shaJl otherwise be advmnapns.
In the opniuSncoaf the Anthraity.
to refund any bmrhs *ha Aulhriey may I-.sue and ael refunlu. Booda to be secu:,ed by asal.mert of .1ll aioenUt attr'autable toroe Pour or to the Annual Project Fou Costa to be wadalan accordanoce v'Ith or purn'alt to tisa psuvislona of this Contzact and aU other ProjectFour Power Sale. Contracts.
Assy~aur-refttndingonds issued In'a crrdanca with .the piuw. "ons Cf thbs Sec.tion a-d secured by arsllanmast of such plymast rosy ranic'pard pahsu -to the securiy aff'orded by the psufaona of thi CLra,', and of au onproj 0 t Four-Poe Sale* (easlracU between thre Authority and the Patstidpat.
relatin to Projuct Four and ,Uso* uoote* of Bo*nds thureor with aD bons theretofore tsaued pursunt to tarisued I n aonsntaoc with the proiloru of this Contract.Sectonn 4Q2, Adjwbnarim of Annual ProjeCt Four Coat.Tn the "co~i the proceeds der.,hd from the ii uof any Bonds the aggrepta anount* requird for the purpose foe which such Bonds were Issued. the amount or sudsch s a zaE be use to, make~up any deR.de~cy then exiti ng le ny lund or.ueronet under Usa Bond Res.lution
{in the mann, 13
- 0. 0 ihecia proaded, and any balanec th5! 5,e sued t by purchase ca noid r armp4nr Bouds in advioce of and Inaucir evet the outfty we/ raduea siadb dle~uen o( Aunjiai Projeca Four Cosu am Ra~cellry and apjrpriadte to reflec mut itlerttd reifremeaL DEIAUTL.(r
.&edon 50)1. Evet df lnfaule..Fal~sa tr ,t,, Psurdpant to mahe to the Autbori' Any of the paymeota Yar whick, protdsfonr i ma~de In tbis Contract shbsl eomfIlbte.a Seft! au tepart of the Partdpmot Sucflau )OL Cdetin./ot ObU1Jatdoa, iRhiht to fllntuaS.rdcc.
In the event of airy uchSls desut, the PartLidpsnt not bez ref.lnved or itU lhb'ity for payment o the aingi~tn In default, an the Authority sallbsU t~he r(Kht to from. t!: Paridt*paa.
any amount in default. to enforecemcst of any $su.h rliht of the Authority may briui sy suit, melon, procetdln Ia law In eq~uit, Izxd.udtn 2 mudanus and ati-fon for specihe prdomacz us ma be nsmastry a~ppopriate to en/'onc any ouvr~t, 4reeare.nt of obl/gatton to make payTcnt foe wbk.. provisfon 12 mad in i~bi Conntri apslnt th: ?Px-ic~jat.
ndt, ,,ef Autberiy may,'upo ,aeywritcn anotic to the Nflert~n.cscai, c and d12c~mtTnue prov~dinj
.:n-ccirnder thus.Coouact.,*
Satcduut5O3.
I ot Taifor Ptynien='In the evt of such default by the Partirpant, the Pajlopant provide Ice th aeacaunet and cnlztia of' an annua bz aia~dert to proid fundo annoafly to wa1m al payments due wder theof this Contract in each year over tire reansindar of' the lia of' this C lcnta an h Autlrortyshafl have the riiht to hsi ay uitI. acrien or ~rocwidloi 1i .aw or in equity, Ineindlna.
madamuns and action forc specifc per(orffencc.
to enfoc*o the muannt and o.! eno~u-InS~ direet gnez un upcn all the txaibi Foprty d wib~nab boundadu of suc Pmnlezpait aiiicmt in am~ount to pee~ide such luoda annully in each ~ra ofth runalnie of the Ill, of' th~s Contzact.See tfon 504. Obllgudou Sbar of Defasdt/na Par],aLu.In the event of m default by. ,och Nziicdjut shall become lible lot the prattr of (1) its zrpctive Irqjcct F'o.. CObliltlon Share, as aet forth In the Schedule of Oblliadfn Sha~rm hereo. of', An~nual Pcojct F'our all other amunt, due uxnde this C~taetbruy1 such default.fag ,nld.aut or (IlQ It Fp~act 0 ttloir1undee Socrior 302 hereo, mndabaUl ren so llable for so long an pich ddalait ctiuanc,.d anrb tount are pair5.50., Ddmf~et by .Partttpa~t.
- Iu the event of a taliwre of' ,he Pazrdpanst to esabb~b, matntain, Or arl~i ratesar ohr/mdoumta Io peovre reveue t to enblutr P ardelpat topa.yafl anrounts dn to theAotbairy unde" inrtiaci or In th event ni falr t h1. Paruelpant f n" thc Antlovity it. Thrk* 3s~ in aecerdance with',he of thds'Contrac1.
or In4tae evet of any default by the*]PutICIPO O "*fl :nt.Ikzlrincrt or obliadon'ot tit Conuatrithe, Autbonty may* brin any aub ado,onor prculdag to awer In equit, Irndud~in arndamun, Iq3uoctmo and action for apodic YttfUaralICE, au ,ary bO II.*elM57 Ut apprupite to enfomena ny covenat. aslieeu-nt or.
ofr th Contr'act ftagaizt the P]rtI4D~aL Section Pafamt ly Asthoilt, " Inthe aitit o' a-ny ilt Authorty une amy covoenant, aveement or obligation o this CootraciA, thb4 Pandpet rosy']s suitt, action er proe:4na ,in lW In equity. Inc*l~udlWqunetlon lind ation fu.r adrer ~u asl piy be aecemafy or appupriate to cpee an.y coveat. a~peuat. or obl~gttonof this Contrat aaktst the Authevity." 14 Stetion 597. Abandolnment Of Remedy, In csie a"ny proceedin al tt]n oj ascuout of.,ny delauli aball bate barn dhze0,a;,uod or aba-dootd for any reavon, the. pixiia to such pmceedinps shali be ruuotud to their forme p.111lc. aid tights hruinmder, repectirely, and all r~ibls rn~edlia.
pow~rs and dutles of th Auth'b;ty and the Parxild-"pant shall continuea tt t/ugh no such prccu11~f~p bad been utae.Sect~on 601. Chrasrcter and Conihnilty a! Strike.(a) "hec Authority tenmporai]), iofrunpt or raodce detlycricau cueaqy to 'he Partilci-jf the Authority determines that such internption or reduction Is nectzaary in case oi crnupnd~u or in etdc to instaU euipw,,et La or msnak repairs to or cplscramros, Lnutetztiia.
nd,,, inspections or or to perform other work on hit gcnmtloo or tranmmluaion findidhs ntnd related 5-Altzr rifn'cmnln the Pan..lpso regardingt any auch planned incraptlrone or re~duction.
g~ing the rca.lon tbezeor, atndatat~
thin probable duration thcreif, the Authority
'wi to'he. best of [ts .bilty Achedole such Intrwptca
-, red-ction at a tdma which wil case* 'a least loterf ennCl with the O~ei'tion c'fih PartldpenU.
- ~~(b) Th Authority shall not ho rajuired t pwevlde, or ho liale for to pruvde, service wider this Contrast w, oa such Imilure or the crsadon or a*rtalwectI f o~r [rieder.c the ae',ec"* L caused by Uncontrollble Forces or, wltb to the servica to ho provided oro Supplemnctal Bulk Young SupplY, *u ,-aused by the ralinj* or refusa of any other bulk power Cu stae~tr Itot re~asoatbls
¢npttm'cts with" lie Authlority or by the Ihabllzy Of the Authority to ob~n si-ay reulired goiemresutsl approvats to ecabthe the Authority to acijulte or .mstruc3 any IacUhtlcs.
- Seedous' O2. Mi't tdng.to he pruvdded all .,ccuwys mezrhi for tha qusantty and condtin of the s, pply of dontric poewr and enrg deliveed by the As~thrity urader thi Cortntl ptuylda4.
howe~rr, thai the Partdprsmt may) at ;It.in cce
- I nstall additional meteringl eirs.esnts to a che on that of Lbs The lartiripat shall sapply without cent to the Authority a suilabte place far jistaltltp tho Ant/hcdty's metering eqsdpme.nL (b) If aiSy meter used for bO 'silngels to regigtr or is to be: i~aceumlo, th Authority al repair or rplcesc h meler. or case It to he repsirid or rep.aced,t
.,d an poprltas biUlaig ho mat te Late Pardpa/nt by the Authbority based ¶upr the bra jnfrmadoa available fro the peridno ciaIgdary dare,- during n metering occourad Any, mete~r Wned, and (qeMu to ha no than two perenot above or below eornais shall be comTdeeed arauratw Insofar, am comerrshn of is cennczuA../
u aa reanlt of'any tat. a mesarj h b'und In rqlaer In ezamof twopqun abmem, below normal the te Lb.redinl otrich meter pravionuly eake. tot bilu~ig be4 om'm for the peiod r uin which itt I. Utabltsrod the ax.ter wu bus no co'rs~on abl b u~ade for Power and eergy farnished to the Parti'cpant tider. tris Contract abal bc in the form oftisLiabillt of Pvrtls.The a ed the Parlldpant shall anume fllU "eponalbillty and Utibilaty tot thn malitta.nance tad aperason ateb!r respcdveprjopenes sad useb ha I ndemnify a~nd s~ae hatrmim tho othe trenn al liabilty and ezpene ona ccount of any and all darrials, clalara, or lzq7a to* or dreath eI pcnms arsing from any, ast or aealdent In cooncesioss with the instalaton prusulee.Is S matntanacna nd opentlon oltdie piopcrty tod ups~poent of the indemnifyln party and ent caus-ed iin who of Inl pstl by the nta]Jlgenc of .t~c othier psrty, provided that say lIability whbch is incurred by tir.A~uthority through thc ma~ntrnoee of Prejot Foer ,ud not coven4 a? not aufficlently, by Ii~fnsnc 'hail he paid iolely frrm thu of the Authority, and any payments walde by the Authorit~y to stibry rocb Iliabilty ahaU become part of the Annual, Project Four Bulzct."Sectlc 605. OtherTu'ms an Ceudidoizi Servien h~etreunder ahasfl ha I mth such otherr te'rms ald condilions a are ontabllahed as part oI the Aquthority's aervie ruc and regutatonu which shl act biIeorrastat with the provilon o this Coefrt.S ectio, 6g16 of ConracL (a) This Cota~ct shall mire to thc bco~e~t of'and ,hall bebinding upon Lbs respective suca.s~os, and a nsagi oT the Partie to tht, providrd, howevcr, that escept u povdcd In the rwyst of a delhub, ad, (or sho I~lUj~nment by th Auhority anthrorise bcn", nleither t6 Contrzac nor any rntis herein shall he..tranufrga or assigned by. either pujhereto axcept wl the cansnot In vvtn of the othcr puy hercz, preide:d, bow~vr. that consent aball not he atkhald unreason-" ably. No asignment or trneafa of ib Contract shall relive thu aticS ofsay obliption herundcr.(b) The Pa~rddpnnt ac.hsJwledges and alper that the Authority may asrIga and pledge to the Tru, tee doui~nated in any Poject. Foni Power Revenue Baod Resolution a1j Its sJght, till;, ad int~ust In and to all paymntr.s to be made to the Authority under theo prbvions of ti Coatrat attrulhtabla to F~rojeet Four or to tIhe Annual Proje~ct Four Costa Usjcuilty for aysnent."of th psiepal (Includlng alohing.fund Instaltznct),o.
4a adn pr~dwon, If any, and Lfntient vo aDl* onds, and, upon the UlcdilA ofiurdi Wiglmutni an rpdu;l suds Trztc. shall have all'eghsb and remedla hecrdn provided to the Authsrlty, and ,ny ruef ehenio to the X ut~lwly sha~ll be dc.arnri, w~th the* neassy chsoze i detail, to Include such "lbns te which bshll be a tbisi party b~uencicazy of* the covnanu. and agreement, of the Participants herein c*otaloo.* Section ED07, Termlnatln or A~me~ndm of" Canntsc.(a) Th Contract ahall not he ruintaJ 1y cfdbef pary uadar arny whethe~r basa apeddeably provided Is ehh ContruqcL
-.* b) Thxis Contract shall not hoa mended. modlk~d, or otLbcwke mditeed in any maonne that wWi aduencly affect the security for the Bond afforded by tJhe ar~otiao o thIs Contr-ct awwni. the pusebae. and saleof opowe hereuodu upon which the ownar from time to timeo Bonds shafl hay,".:reliedas an Ilducurnt to pean
~theBonds.
So long au any of the fladiarc outstan. '*or untll adajuate tz pjly~t ter,-eof have been ins do In wi'th tso prov6.osia of the Bodd lR.sobltloe, thi Coal~tiu ah-U uot be amended, indle. or in any annea~r wchich wVJ reduc, iho paymetsu pledg. das £cenziy for the Bonds or *.xted th rlmaof audiprovided herein or which I a manner Iupafr or adversely affect the ri~bl of 11w owner froat ti to stre of the Bonds.CcJ .in tuz re..nt 5) the Authority does not arcquie addidona interestu In Vo~u]* UOII Numbers One: and.Two us idantlde In the Descd~tloc ofr Projct Four or ('U) al of the i'~Paalun wblich izae entered into Fowe Saks Coftract 't .wth A~sc orl~bty ahai have not cemend Into Cn tasaci aonhandanly Identcacl to thi Contact fur the eUrput and servico of' Project Four, thntishal~l mnIra~te and nee pat shlUl] hasVe ay fute rights or he-reund'.
it6 ALltnar. VIE*SgcUoa 702. *In CiS sy one or warc of" p~vio of th Ctrsatcl zhlI foro msa" zwuson t held to be m~egll and entrrc~d us IL suc !nyuid rmlo had etaunL u this tn conflci wsdth e-n7 provhzks ofr sad or lwsw, tu hutl sa aot~d by the kuiia-.ture indi (.n tupntzd by th cowl of th1s ~auteJ! ~l leh llaafay p~mzbl harrofhcIn ctz*17 j .S".............- .* IN W/I'1"E-S WHEREOF, Ih MuIinkil Electr;c Authority 1 I u hi thu Con..606(b) bawl,' by iba Ac~ority to Ihc Truet so bc ddi~uUzd in a~y SupplcmenaIa Pm~lwt Fecr ab,, Aatbouity in aut ,?rtk:puzz Is hereby zdcnawleduti-, l as[ a oas day an yecar lrn: saovt :waitien MLTNICIPAI'ELECTPJIC AUt'hORI-tY OFOEOR, IA Apptoe4AITOF~rm-y .'~ -_ _Afl: _./ ' A Soz7Trasz cty& * ., Apparvb'm Au To Poem II!
S 0 DLsC1UPTIOl OF Tha (adljIcs o ProJc~t Four-aball bc th. ro!!owlng A flva ipc~cnt udl'viicd In tha tewo I ISO MW:* maximum zi Cr- oudw cocr Rna udt~i to bc known u the AIbi~t W. VostLe N~c~nr~r tn nzr.be OQ* .d Two (CwvduTldc dndgulcutd a Voitle Unit No. ! and Vo~itl U.nit Wo, 2 acid coIleztiveJy d~ji'td u Plant Yojtle) to ba boated nest Waynuboro in Dukn County, Ge.ou~is,.Indudl,,g fo giac utmst ( land icUnctedaz d duxz-ib Court of Thirko County, O(}xzia.l and aM land zhn, (II thc ni:zr rzatcuni, the t the build~ng, liutmeig th s.ma, the w~odato a.d equipnmt,an the re'late! tr~anmiaina faci1ie all u more pat.Lcularly dcncn'bed In the'Appflcat~cn, ,ad int,-d.meaus thz~ctn, by the Gcwra Powe Company' bela the Atomic Erncrw h Do,'et Nw.',.,,,M .50.4:25 sad th6 Anaiysh Repoti_ an aianmun,',, zle wnhb etulmnntat mro umo In with Pla~t Vogtde.* ". "
SCT{..IJUL, OF OBUGKTION HAR!-"Th Pro03C Fouir O'blatim~
S1ires o( Lh ,nual Faux Corn, Zzd 1be o tbceuric.i pzrivid by the Autbothy In ae~c~dsn¢c:
wth es O'Ec~dac 302 irdi 305 or" ib Cotrct, shail for ceaPz iid~cp~.t h that repczior~,~
P j¢ct. h'u Sh1w jrJ ,rti b rE,"~..;an .. ....... 10 1O[0. H q sz x v.............
0.25P6' ,r.......
... 0.41I. .711*5n .. .. ....*. .. ...499 l~ar.7..............
0.114 L aFayc: .............
1, .15 B z' wJoa ..............
0,03.1 Iarm.....
31.13.............
0.570
..........
2.J61.... ............
1,713 ............
0,02"7 Cuibounu .............
2.810 'uj .. .............
12.761................
1.093 M ............
1A462..........
I ..... 3.203 Moui1cio ............
0.405zks ..... ....... 7.707 & e nij......." u....... 3.070 Ccmznff. ...........
0.641 ? l m an....;.........
1.605 Cor ~ z................
2494 Ho1i ............
0.346 *Crirp County ......3.43....!,35 S7h1ni ..............
3.111...............
.. 0 Spyftstz.
0-9"9 P'Ur'um ............
,* .0.563.
.. .........
I..227 Pltzisuql ld ........ , .. 2* I% .... .. .i. ,... 4359! ,qi~ e ..6 4 W e a t /e h t .. ..........0 .4 2 6 .Ormnhilla
.. ..........
o~oaa W .. ............
0.12_.. 5 SOP.DUU. A The Authowty.
In aecodanee wit thin pwv~ini d Secjjoa 311 of the Qininct and mubjact to the prorlions ci the W. Vogde Nudear Untst Nuznbu Oat atid Two u lcimas .Am.ndwot, AI~9nscn1 sad Amamm~plldn Agreeznent, dated u of lNoiemocr" 16, 1913, Ocorgiat Pq*et Compsay and th Authorty, Into .' to sel a jxozdon of the output and ueridc of i Priacer ontr t Georri P lwcr Coinpaiy Sn ,ccordance with the foloig av *A. As to 38Q of the output asoelated wirth tho AutbOdmaooet Fonr, ruiie uiwl shll ThM lPodca of the Power yYor Diana no' U t kor ~C1 Four .1bre Full SuI9Iy Year Folot~ oiinegazi Opeirnion Date s.'Seaud Full Power S upply YearC~nmmudi!
ratfg,. Datt 37.5*
Yaur, Foiuth Full Powir Supl~y Year Ste'k'Yl y~avSu/jly.Year 12*.5 Seyqti Fanl Power Sup 1 I Ye:B, A.s to 7.4w o Iate output aewitrol wit1 tha Antbodt'S Project Four, much tales to UCewri Power Company *hal ha e.qul te of Lhc and acrndce hc:nlq wIdb ths Comada Opemton date oe a Unit of r.ofr Four and conan3 uif ba atn tci l o t feoziemtb fufl Poeru Supply.Ywt fdllc.lq the Fawer Supply year k wlelcb. Com m da OptuttuUo.c aut Unit C.. Am to t4.81~g c( the output ifloda ted with the Az~zuznty's Fou.zchr m ales Cornpony shall be equal to 1O0S o/f the ouput tad ina*ic t/s Cououmeal Op'r~o datJ a Ual lie cPrujeci aur and aheloudn oue until tbs later to ocrt af(I) rsfr~e~et a r~h Unit, or (U) the ktit to o thelalau data satk for thc payneet of tis Wiiptr i eBoo~t or or pwv, bein wl~ a 'rnh paymet a~wa~mzs wihhSetioa'1201 of the Bawl..grante~d In Se~on 311 to sell mad cachsing powut".n~d anera from Pz~uJct Four..21 0 S k4 PA71~lY CFGEJXiU This Pirt Amundan oe'projec't Pca ou r Sa aC~nrntzat,entered into of Jar~mry 1, 1966, Iy an 1~etei the Hamici-p ~a vlc~:rZc I4Ltbrty of G~rgia, a tiibYic 1o~y coro.eat and a of the Statu- of Geor~1A. heraelaJftnr sore-tium. rsezered to aa tha Jaiaruthyt, create by' the of z Ga..r. 1975, P- 10?, a, IT~t.l 46-J-~110 O.C.G.A.),'
and the under-pilLt1c~1 6uh3.LviSitc of the St~ate of Geor~La, hereinafter sc~-'WTTIISSETHz DE It ren~beed that a Project Potuz Po~.r Sae Oxntruact,* ated of 16, 1933, baa'been excuted previously by" antithe AntuhoZty-and..tae Paxt/cf!int, "and "* received Its uho1..sale power noppl.y from the City .of ovirti has-WaZAS It LaIivti £84: t Intlerets "of the ?wthority, t],e* partXcipants and Oxf'ord for Oxford to bec~x a the* aa~ti.c- of a ProJet Fair Saes o~nt.ra Par and Ln conaideratfon of t~he pre~dses and the amt:uai cti~anats Lan hereinafter Set forth, the of which Is hexeby ac)knale~e5, it is 8g~e55 by and the ai tea hereto that. Contzact (a he.,eb ae. a as Sectio 1, is tereby aizthiriiei to enter into foru of .ProJe- l'cax laver Sales'Corhtract" rith, much chanajea ag may be req~Jired to sake such contract appblecata.o Qicf, o nr the AuthoritY is. f'+/-rther author/=ed teo provide to Oxford. outpu.t and services'of Project: Foux in accordance vi th much contract, and tothat Oxford's Obligation Share of ftojaect Four'.hall be a.191t.'assirgned by the AutborityLto cordo=z Pravidid, ha~ewer, that the 1.&thority hereby agrees that it will take all na~caesary action to'enforce thin vayInt of all sum due by Oxford for its Obitgation Shr, and this Farticipas "zhaUl receive credit for its rata Section 3. ThE First M3Z1Trlft uhali e~factgt whe inlxh .e= nt baa bean by P cipasts wbose B5 ransini-, sloai EntL~~et Share. rqwset, Jin the aggregate', not lens than 151 of the total Px.tic~ipnts Transiias~n Enti tlemesnt Sha.r,, for .. 1to..ez~, that the Auhority nay gnLc to wor retz-actia. to Januazy 1, 1986.
IN the t~mlcIpal Eleufctrc Au~thorLty of.Georgia and the PartLci~arft have'caused ofL£i'mr5 and se-als t~o be hereunto iupe~sae anall as of datae and first abovu written.~raved A~s to Fona~rnznL A~praVed Aa tD Fo~* (~41~ ~pont AttoO&' LUlg ,°/Rso rrrcw~~
- AMENDMENT TO SALES BETWEE AUTWORITY OF GEOROIA TXE UNDEREIQED PA1TICPANT This. Amenuzt ii mac an ano of 3aw 14, 107, s (O.C.OA. 46-3-110.
at sI.), and the mdaizd .poLkica of Ow nahy 'mrim ;esgzIca Owm ll.in W]T14ESSETR:
Amiendt datd as of Ma 25, 1977,. T/lhhd/ A,,Mule-, dazed as vfFeliwua 1.1 97R.a Fourth Anirw dazed as of May ]. 1950. a Fatfh AmcidmanI dare ma of Novewhc=16, 1983, a dac as of iauz I. ]986, mnda Sevraph d.lw,,, of May 31,1989 TnPmc One Powt Sale Comzra"; a, WhEREAS, ibm Auahmft and duo Puzddpma eztucd imlo a. Sales A~mante date ,,, of Jauary 1, 1935 "Phjet Two Po~W r j A11JIUU a II Lt~A~ho u~isty .d the Palcl.arn zi fl Powa Sul~s Contzuc dase~I u of May l,130 zgO,;d a F'rst data as of Jmny 2, 1916 (mnf,.5 Affiohy/ Dd the PmtJcpmU ,,,ta~djimn a Power Sal. dazed mu of 1983 ,,,,i. Fint Am~dm,',, dae~d as of Inmuyqt 1, 1986*
itzu? mid WHEREAS, Atnoj miii tb Paxlp~mi wi to adi the tmar of t~o heaPwe. Sal,'s Coot and the Project Four Power Sae l~e referrd to collecivl a the "Powe" Sales Cafut" to the msimn palod alki,,S by, aw; ,,i.WHER2AS, die Authaily has detarnin that it wilnt) ertan4 wi' 5 ft.d cai detA camipozi, bend the tarn of m0 Pbwer Se.., Cutr,,amit
.the Ammr mid 1hz ?.td z wdsh to tawde foir a method of aUlciie of the ao ,mi ue'viw m'd cost relating to PoJects Twn, Projec Thre d Project Pou" "tor iho piod of te tern ae'.=on of the* 7oriu- Sales Cmaita vairgstn to archb P~nij~aU as ua for mi inbwdaiazt
- i. th, Sc.hedule of Ctrlilgiou NQW ThEEFRE for mid in oidautban of the and zegal cvraila and a~oeanishnal frt, -.in ore in provide ftr cartui-2-liwmii~r rbaage in tim poww" Sale. Contrcg it in apreed by mnd hatwco tha AW22mfity and thc*Ptidpazi thtd tnm a of thu PowuSalai Cambut nhalt bc em~md a faowam Stetdon 1. Ezta~e. 4 te of thu Power C~mbattu, Thu A~dority md iatnt .aiz 4 th tea of dhe Powe- Sale.(a) Thu tmnr 6Z ii. PI*Ct Ono Power S.le, Cn~tm~c ia benday* ctndn hu ar 1. 2024 uni J,=o 1. 2.oS4 (bn .tn "Pvjt O)i Twin (b) T'hu tan bfl Pro je Two P, ws Sae Coim in a *aztrned fitan Fchu 1. 2028 Jun 1, 2Q54 (0 uarcnI uP~uect Th Tain erw eijfm May 1. 2030 !no 1, 2054 (baiutAY "Pzject Thi Teru ".'(d) "The tw-of' l Project Fore lPowe" Sale. hambyhu "Nevunbe" 16, 2033t trI .1il Ju 32054 (hma~nfe "Pzu'ect Ver Twin Etuiwi Pmtiod'), Seceton Z. Allkalon of~irofe-d T"o. Pxiiect Tln'eo rio Pioi act Four Seto 08(a) of the Pujaed Two Power Sinra olbtist due tak hm di.h Autlavzty, the ougmS awl awicrv of Piroect Two based opan th ralm mad e.gt mbilshe by tuAuhtrAmt'pniumit en Sactia 307(a) oftbnn iJect Tw Power.3-A&hV~lIJW1r,,
s'aainwinIfrLv po m~al tu..S aqi/o £p= oqi Isz .tcpg .33 31sUss2.usd m~ql p.m £q qm szwi~ud ,£q pap~rp oamui Suiu e psmwnf piin =o~IAm6 Zp alxm £muzusl jxoa amq ,Aq adup~zu v to&i powuq uwdpza.j sq oj pwmo"l DQgo~x ai mji paw Apny uoF. ~ arp o (')c ~w
- o e, !$o AP3ny .t~u aWP l ffie 1LP 81.1J 3o2 oL & ,aI '4Iq3I mp p 01 m:=* djpo '1xm aqg p~a0Zmi 01 sN di Poect Th Power Sum to preset vulus (bnfu "Pzvct T"hxue Bilnh Sbe) The pieo va~ti cau on rbU ho hued upon a dm~Z~n Section 308(a) of the Projec Foi, Power Saics Cotr obliple the Ahuiyto provide to ewh P'roject Fouir aed sch Pardpuip to ehmr : by th Authority prnshmini to Section 307(,,) of the Pljo FiRoa Projec-t Fore Term Pzmix Peeod the output rod mevfa and eo~t of Foot~albe alostu to earix Pz't F~our Purticipmni bured Izpon a by dividi~g the tota znadn by each Pnrict FaIN Pe:szt mp~ fr- debt fcr caia ont durin the ecfrt of the omigina Iro of th Projed FOU2P'owU Cozdract 4usted to VLhi. dividel by the toa palmu,e made by uf Proj'c Four PsrtLcipsrrt f9 debt ad w~tlc ab[ h fr th ,.,tb.y of the oulinil of th rarlof theo dgfrz of Pojc Fu.A~xdi. "all, d~ie i~o 16, 2033, which ii the exi,,,o dale of th rigina thzu of the Project Fonr Power Saea Cafa thes Sc~ba1~r of P~ojac Foin" A~rL~lfr.5-ObliaIoiSm a ha mne a so (bat eac Pwjec: Fui Putrdpaz. Sectlon 3. The Azzlndthezby epe dat it shall ant cxtax di tzum of wmyezrc~uaJe of" exsn det pta to wokn erq+aI i PtwuJnOn geueunm deb dull dlnt be ezciai eod. Ftyh:n.uy 1, 2(128; eziating Prcjec flue g a~ion deb duf not be cixmmde b-yond May 1, 203fr e~dati Pojec
&b u nal~itb bezla beyon~rd NPov~a1:br 16, 2033.,edlon 4. 'T1e Powu Sale Contmcn as mamxled bmpby sha~ll in elffec awl u rm' ,ed~u~ by Lhe pro'lies.
Tearn not. definal hEn e~n to be ,'f"oal ma Section 5. This Am m rshall bcu:ui *.e:*tio wha dulyupttved and e~uindx dumliat by the Pu'lciman, an wbai azxue, cn id dcllv'at by th,'Affihntty.
Th Ai~hoety "will anly ,aeita and the Am u wht it baa demnl t hat the Amudi or h.ve bea duly uzaet--al and ckliv by echr of the cmual (49) Pzzticpursn.
- Appe on Nati Pap]-6-A'TWUSI n 4"17v1 IN WITNESS WHEREOF. the Municipal Electric Authority of Georgia has caJuwZd this A'menmet to be eiecuted in its ~olporate na-me by itS duty authorized oflcers and, the Awlhority has caused its Corporate seal to be hercurio impnre.sed and ancsied; the Puxticipnnt has cau.ed this Arnendmrnen to be executed in it, corpomle name by its duly aulborized of~cers and the corportem seal to be hereunto impre..ed and roteted, ind delivesy heseof by the Auth~ority to the Participant is hur~by seowledgsd, MUNICIPAL ELECTI"IC AUTHORITY OF PARTICIPANT:
CrfTf OF ADEL"" .___________________
ISEAL Vogtle Electric Generating Plant, Units 1 & 2 Financial Assurance Requirements for Decommissioning Nuclear Power Reactors (10 CFR 50.75(f)(1))
Enclosure 3 Municipal Electric Authority of Georgia Response 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(fi(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, 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 CER 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 Enclosure Municipal Electric Authority of Georgia 1470 Riveredge Parkway NW Atlanta, Georgia 30328-464v0 1-800-333-MEAG 770-563-0300 Fax 770-953-3141 Enclosure Vogtle Electric Generating Plant Municipal Electric Authority of Georgia Ownership Percentage
-22.7%10 CFR 50.75(f)(1)
Requirement Unit I Unit 2 1 The NRC minimum decommissioning estimate, $1,4,0 11,4,0 pursuant to 10 CFR 50.75(b) and (c). $175,002$754002 2 The amount accumulated at the end of the $104,777,876
$98,930,918 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 3.60% 3.60%costs;(b) rates of earnings on decommissioning funds; 5.60% 5.60%(c) real rate of return; and 2.00% 2.00%(d) rates of other factors used in funding None None projections.
5 Any contracts upon which the licensee is relying 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 fAny material changes to trust agreements.
None None NOTES: SThe 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-1 307, Rev. 15, for the burial factor (Option 2) and the December 2014 BLS data for labor and energy.
Attachment 1 Schedule of the Annual Amounts Remaining to be Collected MEAG POWER Decommissioning Funding Plan Nuclear Decommissioning Fund -Vogtle 1 (Dollars in thousands)
Calendar Year 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 Balance at Beg,. of Year (A)Contributions (1)(B)Interest Earnings (C)Less: Fees 104,778 110,414 116,222 122,212 128,394 134,778 141,375 148,196 155,254 162,563 170,134 177,983 186,125 194,576 203,353 212,473 221,955 231,819 242,085 252,776 263,915 275,525 287,630 300,260 313,442 327,208 341,580 356,600 372,302 388,725 405,908 423,891 442,719 5,798 5,976 6,162 6,360 6,567 6,786 7,017 7,261 7,518 7,789 8,074 8,376 8,693 9,028 9,381 9,754 10,146 10,560 10,997 11,457 11,942 12,454 12,994 13,563 14,162 14,795 15,461 16,164 16,905 17,686 18,510 19,379 1,697 (162)(167)(172)(178)(184)(190)(196)(203)(210)(217)(225)(234)(242)(252)(261)(271)(282)(294)(306)(318)(332)(349)(364)(380)(397)(423)(441)(461)(482)(504)(527)(551)(48)Balance at End of Year (E)104,778 110,414 116,222 122,212 128,394 134,778 141,375 148,196 155,254 162,563 170,134 177,983 186,125 194,576 203,353 212,473 221,955 231,819 242,085 252,776 263,915 275,525 287,630 300,260 313,442 327,208 341,580 356,600 372,302 388,725 405,908 423,891 442,719 444,367 Total-349,413 (9,824)Options: Level Payments Footnotes:
(1) -Based on the current funding levels and decommissioning forecast, the decommissioningcontributions for Vogtle Unit One are being suspended.
Date: 3/5/2015; Time: 8:41 PM MEAG POWER Decommissioning Funding Plan Nuclear Decommissioning Fund -Vogfle 2 (Dollars in thousands)
Calendar Year 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 Balance at Becg. of Year Contributions (1)(A) (B)interest Earnings (C)Less: Fees 98,931 104,256 109,752 115,427 121,291 127,354 133,629 140,124 146,854 153,831 161,068 168,578 176,379 184,484 192,911 201,676 210,800 220,300 230,199 240,516 251,275 262,501 274,215 286,446 299,224 312,578 326,531 341,124 356,391 372,369 389,098 406,617 424,970 444,202 464,361 5,479 5,654 5,838 6,033 6,238 6,454 6,683 6,923 7,177 7,444 7,726 8,024 8,337 8,668 9,017 9,385 9,772 10,181 10,612 11,067 11,546 12,052 12,584 13,146 13,739 14,363 15,021 15,715 16,447 17,219 18,032 18,890 19,795 20,749 3,634 (153)(158)(163)(169)(174)(180)(187)(193)(200)(208)(215)(224)(232)(241)(251)(261)(272)(283)(295)(307)(321)(338)(353)(368)(385)(410O)(429)(448)(469)(490)(513)(537)(562)(590)(108)Balance at End of Year (E)98,931 104,256 109,752 115,427 121,291 127,354 133,629 140,124 146,854 153,831 161,068 168,578 176,379 184,484 192,911 201,676 210,800 220,300 230,199 240,516 251,275 262,501 274,215 286,446 299,224 312,578 326,531 341,124 356,391 372,369 389,098 406,617 424,970 444,202 464,361 467,887 Total-379,645 (10,689)Options: Level Payments (1).- Based on the current funding levels and decommissioning forecast, the decommissioning contributions for Vogtle Unit Two are being suspended.
Date: 3/5/'2015; Time: 8:41 PM Attachment 2 Vogtle Electric Generating Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors -2015 Submittal Project One Power Sales Agreement POWER SALES CONITRACT 3.twuae 2WUCpAtL AUTHOIUTY OP, GEORGIA CITY 0F This Contzact, made and entered tnto ss of Octbe 1, 393, and the Mgnlclpul Ehe-trl--
Authority of Georria £ public corporatea nti and. a pub. !c* carporatfon at the Sta~ts of eorgia bueinater soineUna dafanatd a. the A.uthorlt, cruat..8 in' the proiiiim /.i GL Z. 1975, p. 107, ui mmeide and .CITY OF* po~litaJsbd sli~luon of thu Statte of Georgia 1 herelnaftar son~itinms dedsignatod Li the ear.
TH*THAT:the! Particr..pan hum. nieud for ecnnomlcllMl , 60trce of Ulecfrk" ~power and macru to meet the gr'owing demands of its suaomslon sad has duta-mlne&, to ptuchase such eleckic power and emerj~a from rusouros 'owned, control]ad, or p ureihued: !,ythe Autozt7, and WKEREAS, the Autl'ority wilU talc. or caus to be ta~cn all etepi necma to ecure soch grovernmental permits, Humenus. and approlials as are necessary for, mnd wlU then pro ceda apgropvlate with final duilgrn, finandaig and enqufalon or eoazutou of those IadUleu herein described cud designated math. Poject far the supplyF of alebchd poe and enca-rn to'the Paat~dpaat and to mUl politica mubdlvlmlonze.contbadlng with thu Autm'.Sty therdor, ad wl 8uli thu output cud ,ervismf.i hfac/llitapuzmzat to this Cont-act and to coatracts eubdat~aaala Idfenticl to th 'with othur po1Jti.sl audvtl designted together .wrt t.he Particdpant u the Partidyarti.
and, *In additio, to the salt to the Partcipants of the output and aerwica of the"Project, the Authority will also obtainu and pr-ovide to the Pu.idcpaut.
the supilezental .Eu*.* PFwr Siupply, as hazelnafter din-ed, andIn order to enable the Autlhorty to issue its re'venue beads to pint the costs of acquldagl cud cnns.ructng the Prialect I Is necemzy'for the :Authority to hav Wandingr conltrcti with mach pOlitica subdivisions of the Stalt of Goorit 4s may determine, puranant to attthority of[ I Ga .L lY1, p,. 107, am amnded, to contruact with the Authort, anud all p8a,-*.mente required to lae meade In accordanc with the provisons of .4rele III of ouch conbtcta,[neludini payments required to be nude under ArUtirle U! o this Contract, and all other pey.meats attrdhuoable to the ar to the Annual Project Cosa, a.m heretnaftlt defined, t@ he made In accoerdance or purLsuanzt to any" othr provisin of Contract anti sqch other.onb'ad/s shl be pledged es secur.ty for the suc Ro Hadls I NOW Jar and in conlde~ration of the premisem led tha mutual covenants end aspeemeJuts here-melter aet foy'th, and in arder io pay the Authority far its costi af praviding (I) the Parti.Enllthman Share, em hereinafter" daflnid, of the outpot atd carriet of Lac Ucfl]t of thu Projetc an (li) the PartUcpant's Suppltnental Ru~k Power Supplyrt lt I agreed by an beZWinn the pa.tlu hereto ma :follows: ARTZCL I ThRf 'OF CONTIL&CT, DEFInITI.NS Sctie. 10L Term...Tuter of limi Co tLa s h a U btl an ib Contrat shal conuilutat a binding' ga~on of thu partie hereto from and after ith by the list party to em~cuit the-cme.m The oblflration at the Authority to prawide Electric powe and erier87 under thu'pro-visions of thu Contrect shall begin with the firat Issuanose med deitvery by sal Atuthorit~y'of
,7 ofY It la'3nds whc arm atuthorbzed to bei fissed by thu provisdons of I Ga. L. p. 101, a. amended, or, In the event zwtam of the Authorrty ar limesd In anticipation of tha Issuane.of Bands, such obligaten ehall begin with the istuance andl delivery of ouch bond notes. The term of this Contract shai coatinei In full foce Sad efect suntl such time, not e.areding fifty yarn, m ac of the Authority's as herln~aflr'defined o noata isured In antidlpmtiou of the ismuanna of Rands and the Interest thereon hew. been paid or prniiaon for payamet dshll have been made In accordance with bhe provhisons of the Bon[ Resolution.
- or until such time as the Project aba!! be ret~red from'aarvia decommissimoed, or ditoaed of br tim. Authorty whlcewv~r Is later.'"*--
As usemlhiertin:*
..(a) "*AeLt habll mean that certain Act of the 1975 suesso Of the Geeral 1,Assembly of the Stats of Georgia compiledl end publishedl In I Ga. L 1118, p. 107, 55 the sumehs been~ hers-tofore'or may. be hereafter seaededi.*" (b) "Arnuad Project Coats" mean, ruspect to a Powrer Sopply' Te.ar, to the'aT,.taut not psid as a part of the Costs of Acuulaltln aud Cane buction. aU cosha and expenses of thu Authority paid by thu Authority for mach Of the generating faclitim and thetrn -elon ryitem faciltio comprising thu Preflect during each Poster Suppl~y Y'a- aUoeablt to the Project Ind uding, but nat liaited to, Uthos ite.-us of cost and expense rfarerd" to In 0aot~on 108(b) Cc), hereof,, u Annual Project Generation
$F.xed Charles, O0lwsr Annual Project Gene~rsatn Costa, Ann~ual Project Treasmission Fised Charges, and Other Annual Project Tra aznu Cosat. ** C4) "Minus)l Supplemntantl Costa" shall mersa the.ots a nd expens. of th Authority allocable to the pure.imulng or fu~rnishing of Supplemeatl Bulk Power Slupply to the Cd) "Anuald System BudgeL' nhail mean, with respect to a Power Supply Year, the budg-eta*dopiad by time Authority not ]isa tha tdrt dTas prior to tbshe beinahr eof such PFower Su'pply Year Which badgeat hall Iitemiae estimatie of Annual Project Costs end Annual Sup.piainmntal Cueb andcl ai revenuus, income, or other fund, to he applied to such Cotat, rusper.tulya, for end applicablea to such Power Supply" Year or, in th- case oftam amended eqch it, for and eppilcable to euch Year log the remainder of such Power Supply Year.2 (e) "!1lhgl Statement" shall mnen the wrltton utatnemnt prapauud or caused to be pro-pared mnonthly by' the Authority that shall be brasd upon the Annual Systm BOdget or upon the .amended Annual System Budget adopted by the Authority porteant to Seucto 202 he.reof,'and thet shill ahaw the monthly amount to be paid to the Authority by the Participant 1u cordenoc with the prowlafons of Sectaion 30T and 401 hereof.(f) "Bondsl" ih.ail meanu the hond isue the Authority pt.,ruant to the pralzons of.the Bornd esoiution to fina ace or refinance the Cast of Acqusljltou emt Construction of the p~5gct. whether or aat any issue of sueb bonds shall be subordinated u to payment to any other issue of euc~h bonds, knd shell include eddIffohil Bonds Issued purnuant to the prayl-catns of Section 601 hereof and refunding Bends issued pursuant to the af Sec-tUon 502 hereof.(gt) "Band Reaolution' shl mean the Power Revenue Bond R~esolution and anuy Supple-mental Power Bavenue Bond Resolution to be adopted by the Authority mod accepted by the'I~istee end the Ca.Trugte.(if any) thereimder for'the beundit of the owners of the Bonds which shall provide for the tuuancteof such Bonds,
- copy of which i'ower.Iewenue Bond Resolutlo and Pirst Suppienmental Power R~aienu e Bond Resolutio*
n la ubutntially the form to be adapted by the Authority shall be an file In the records of the PmrzticipuL (hi) "Bu&k Power Supply" shall mlm, w.ith xapect to a Particpant, all electroc power and eneryy requlred by such Participant In excess of that amount Ci) supplied by any gener-atfon an tranamlaslon roourcee owned by such Participant co the effectire date of thid Con-tract, (ii)'received by msch Part-cipant from the Boulbeatarn Power Adm~zitnatlson (8B.PA2, end (Iii) procured by such Feartcipantfram elternatebulkpower supply resources Ii accordance with the provisions of lection d04, herof. -(i) "Commercil Operattion Date" shell mean, with rte pect to each fasulity of the Proj eat,.the beginnig of the day an which much facility of the Project is, in the opinion of the Author.t1y, ptoducizag ad delveringr electric power energ for. commercial use, provided, bow-.ever, in the event any much facility Is producngr and deliveringr electric power and enee'for commer.fal use on the data of acqufsltlon of the Authority's interest theirin, tiam Author-Ily may estsblish a Commercial Operaton Date for such facility whic~h date shall be within a fumae.naid time of the effective date of eurh acr~uisdton.
(1) "Consulting Engineer" ehl mean an eaulucer or erngne in firm of national rea.titia hlvdza demonstrated expertise In the field of electric power generation trmzisin power supply, electric utility opterat one, retse, and feuasfliry.(h) "Conlsct" aud "'Power .Saem Cohntrct" shl ma~en, rampectlvely, this Coritract with the Pariipant:
and al! Power Bales Contracts, Includin, this Contract, substantialy identir.al hereto entered inta by the Authority end a Pumtl*ip~nt h each case -the/same may be amended eromi time to tifme.(I) "Cost af A~ciulaitlon and" Construction" mhafl mean, to the ertant net in An.nealP reSrect Cosat, all costa of and erpense of piann~ng, desigunin, zcqnirtg, constructing, installn, and finnscing the Project, placing the Profect in opemton, ducomlslonln, or disposal of the Project, and obtainingr governmental approwai, cerificatma, peramits end licenses W1tI rempect heretofore or hereafte paid or bannedr by the Authnitp and.may Include, in addition and without limitation, the following:
(1) working capital and reserves in such amounts as .mabe established pursuant tb the Nond Resolution.
(2) ine-rest acc~ruing In whole or ina part on Bonds/urlor to and during construction sod for auch additional period as the Authortsy may reasenabb' determine to ha nec.essary.S
.0 f[or the pl.iecin of thei Pro ject or any facility the.reof In operation in aci'ozdance uftl the pr~aoaisou of the laond Resoltifon,""*(5) acQ.u~sltfon of Initial fuel for each gtneraion faclit- of the Protect and wa*.Ing cap latl and reserves therefor and wor Wng capital md resornee for ruload fuel,.i n y fund or cocount established pm-raus to the loud Rasolnfon tu meet D~ebt Ser-ilca rese'rve zequlremmnne for Roads, , (8) the depost or depoalto from the procteer of Bonds issued to flnance much coats mn y funds or accounts establihd pnursuat to the Ronud ltuolution ma reseree for re-newel, and replacenrenta, retrement from aervics, dacoum~annis or dflipomal of any geizersilni facility of thu Project or conthngencles
- (61 tanitng and testing costs .Incme by the Au~or't, (7) prel~minary investiption Jmd derelopmutm costa e ldnsertlg fesu, contractors' kees, costs, of Labor, iuierkbi, equipment, UW.Ly services and sup~plies md isgul and" (5) -ll costa of insurne applicabto to tbe period of coasbuction, sad* (9) ill other coats incurrd by" the Autority mid properly ullocable to the acuus~tton and constzuction of the'irojitc, Including al cost. finanuced by the issuzanca of additional Bonds p~ruzsnJt to SectImf 501, hereof..*(02) "Debt Service" shall mea~n, with respect to any period, the agpegatsof the amounbt required hy" the 1on4 Reuolution to be paM darinir maid period Into any fund or funds create.by t.he Rand Resolution for the mole purpose of paying the principal (tncuding fund Installment')
of atud premiu, if ary, and Inbtrest on al the Bonds from time to time outstand.lag astha iname chiln become dns, provided, however, thai DehI Seerice aha not Ineluda acceler-~tion of the matority of the loads.(n) "Intitlemen Shore"' shall moea, with respect toa *Participant and an Power Ba]pP1I Year sadl with respect to the smneratlner facilities (Indludlngrelatad tranaunmeson anud the tznsznlsaion aytsm facillties of the Proiect, (1) that percantag.
'of the output a.nd servicae of such ge-eralnfalufLitie set forth [sn the Schedule of Output Entftlement Shar~es attac.hed hereto for auch Participant in much Power Supply Year, as the eaunt may hereafter he Increased In accordanc, with the provimdes of the Power Sinus Contract with conk Par-ticpant, mad (iI .thet percentage of tr.nuisnmblon.
cerv*cs asisl be d~strmind 1by the Authority duri[ng eah Power Squpply Yea~r to be allocabe to surch Yarticipant In with the provialona of Sect~on 809 hereat (a). "Fuel'Costa" shalt mert'all costs Incurred by the AuthunrtT.
durinar say Paowr Sup-Year that ae aliocabirn to the acqulsIl~ou, procuesIng, fabrcatlon, transportaton, deKvtr-Ingr, reprocesir, storage, and dfaposal.of nuclear materils required for thm~genersaon facli-Itlee of Profrlt Including[
trmnd'ers to trvsee astablishad by the Authorily'for such costs related to fa'ture Power Su~pp.y Years, less credits reloaed to much coats applied Mm a~pprupr-eta In the dficretlon of the Anthvmt..(p) "Parti"ipant" shall mnean the pliltical eubdlvlfun, which L a party to this Contrate."Parti[pants" shalt mean al political Bubdftlsious In the State of Georgia which own and op-*crate dlutrlbut/on systems to sems their citizens, Inhebitanta and cuatomoer by pro-'riding them with electric power and energy and which are parties to contracts with the Author.ty aubsanut~llly Identical to this Contract.
The term 'Tazuclptaa" shall include the "Pa-tlctpant," end (:hu ternu "a Part~cipant" or "each Participant" mean may one of the Pa~rticipants or each. of the Participants.
a the case may, be. '?Trticipsan" shall include any, or of such political aghdi/luion which operates or conducts, or exerdesu 1ur~sdlJon ovr= LU essentia!
fntuion of the Participant's electr'[c distrbution system.
'I, ..' .0*(q) "Power Supply Year' shall me~n the calendar yrear, excapt that the fir:t ower" Sup-ply Year shaed/bein on the date the Authoriylis hamn obligation to provilde elect~ric power anil enerzyV a determined in szccorda, ce with tin. provisioes of Sectlon 1021, hrert.(r) -"Proportionate Share" shall mean, with reaped to a Par'ticipant and a Power Sup-ph. Year, tht percentatge of the kilwatt or kilowyat hour., au the case maty be of eac t-7e of iervlce Included fn 8upple~nebta1 Buk'Power Su~pply wvhich eue~t enxtitled to receive end for which Particpant Ii oblligated to pay In each mo~nthi of a Power Supply Year. With respect to kilowatts ruch percentage shall be o~btaned for each month bY the wsLdmum one-hour integrated coincident system demasnd of inch Particpant's Supple-mits] Bulk Power Supply provided by the Authority during the particular month by the maT,-imum one-hour Inttgrated colneldut system dem~ads of' Suppementatl Biilk Powir Supply provdede by the Authority to aUl the Psrticipants during that month. With respect to kiclowatt hoinurs 1 such paruntsie
£ or each month shlssl be obtbined by dividingr the kilowatt hours of Sup-plemuntal Huolk Powelr Supply delivered by' the Authority to much Participant d.uringi the patcu~lar month by the total kilowatt; hours of Supplemental Bulk Power Supply del.ivered by the Authority to all of the Participant durlngr that month-(a) "Project" chill mean those electric generation and relsted tazansral~on facilities which are Identified In lie Description of Project and those transmission ajatemi fa~flltlea to*which referenee Is made In the Descr.iption of ?trojelt to be acquired and constructed b7 the Authorityr duringr the time prior to the Comnmercial Operation Date ofi the last tl tthe gener~t.-lair facilltier of the Project to be completed in order to meet tn. Auth~lrltya investment respon-.e bllty durinr su'ch time in connection with any agresemet for an integrated Zransmtusson cys-toim to which the Authority may be a party in accordance with the provisions of Sect:ion 802 hereof, together with. (i). any major renewals, replacements, r~epair., additions, bettrenatts end lml~rovemsnta neceasary, in tns "oplnlon of the Conaultingr .to keep the PrbJect:!,n grood opeatng condition or to p~reent a lou of revenues therefrom, (ii) any me, or add!-ions, Ennprwvement~s, repairs and mnodiflcations to the ProJect and an decomnmlulonlngls or'" dispoalsll of the ]Project, required by any governmental agetncy hawing jr J~isdlction over tine.Project or for which the Authority shl be responsible by viritue of any obligatian of the Au.* tizority arisng n ot of any contract to which the Authority may" be a pa~rty relating to owner-s~hip of the Pewiert or any" facility thereof, Cili) thou. treanmission system facilitla to which* reference Is made in time DescripUon of Project and whilch are required, in the opinion of the Consultinlg E!!ngineer, to be acqui'red and constructed by the ,4uthoriky on or after the Coin-niercisi Operatiton Daste of the last of the gleneration fac~iiue of the Projec-t to be caunpletedi in order to meet the Authority's Invethnent responslbility alter eaud Commerclil Operation Da~te in counnetion with lan agrreement for anilntegrrted transmisSion esystem to whiich the Authorityv chaD be a partly in accordance with tin. provlison.
of Section aot hereof, and (iv)working capital required byt lb. Authority during construction of the Projctc an for th lac-Ile inl of the .Pinoect In o~peration for providing Bulk Power .3.uplll~, intcludingr Supplemental.
Bulk P~ower S0pply, to the Partid~psn.
t)o 'Prudent Utilit Practie' ca't a particular time shasll mean any of time practice., method and acts engaged in or approved by a sirnificant portion of the electric utIity in-due try prior to such time, or any of the practice, m.ethodse and acts which, In the ermisle of reasonable judglment In ilight of the falcts known atithe timue the decision was made, could hive b~an expected to accompltlsh the desired result at the .lowest reaslonable costl consistentl with jood business practices, rellablUy, aafety and e.sped.lton.
Prudent Utility Practice I. not intended to be imidted to the optimum practicer, mnethod ok act to tine exclusion of all other., but rather t@ be a spectrum of possible practice, methods or acts havingr due for manufacturers' warranties arid the requtrements of governmental agencies of competent 5 uJ pre pWdapu 'pazwp~fUO Vuo daisbd mq Lddn9 zaiocT IZI Uq '20$ 13-2pnK .pmpa.vz~
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djl( u~mIqo ol O1 uol 210o 2410MU Xaft a3l JO LfljqtUJ 10 "UU~Us~nlG JO '1iiUmULO iq J ;o 'us~ o10 uofl~3flh-1UQS 1Io3ZIpr/
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'Wsp.2o Eacnpfl! "jo'mutto 10 ;u;A.1d oq ;lqsuur ql £.nzainy ouanI[;p sp axu,.-a out Aqn IOlqlo .lfl u2 Ant ,, ,. lmlououl (A);os-rwq 'SO; UojgOG 7.o S0j aqp4 q;~Upa*ao: .uj A/pi~jy £q ps~ddrts eq it t=4Joz,'m q'1,..q~oxluo Ioio puxniwf' U11; tit1 uOl 'pp~ld. uspaliuj lul 'putl l~ ui '0 0*S.th. moat practicabla manner available In the Stecretlon .of the Authority.
Am required from lime to time during any Supply. Year wlftar thJrt7 days nolice to the Partfidpant.
thu Atrthmlty may adapt Annual Syitern Budget far and applicable to such Year for the remaidera of such Year.Sectloz 20I. Report..Thu Authority will pi~pae~e and issue tq the Pazllclpznn the fo~llovizi reot .each month of the Power Supply Year!(1) .Fi~snell and Operating Statement rejaitni to the Project and to the Supplemnenthl (2) Status of Annuazl System Budget, (.3) StaI' of conitniction budget of the Project sluringr cosr,.zuction, (4) Analy sit of operatfons relatlnr to the Project and to the Supplementa) Powm'-Section'204.
Rtcords and Accounts.Thze Authority will keep accurate and acconot at anr.i of the facilities compridsin the Project and of the frasaaUone rtamlingr to the Supptemental Baok Power Supply as well as of the operations thu Authority in accordance" with the Uniform System of Accounts.Said accounta ahall he subJetc to an annua .audit by a firm of indepenidaet certified public accountants experienced in electric Utility accounting and of national reputation to be sub-mitted to the Authority within slxty days atear the dlos of any Power Supply Year. "A!)trnsactions of the Authority relatinu to thu Prefect and to" the Supplemental Buslk Poews Sapply with nrspect to each Powaz..Supply Yuar sasll be subject to such an audit.Section 205. Coiwu~tbn Engineer.-(a) "/he Autharity Tf 3eta1" a eniloseru to nusltJ, advise end make recoin-rnneatlons to the Authorit on matters relatingt to electric power guneruton, frans t eIn, power eupplT, electric utility operat~ons, ratas and chaeres, feasibilit and budgets and shall pause such consultingr engineer to prear within one hundred sad days following' the cleose of each Power Squpply Year an annual eumprabanalee engineering report with respect to the Profact und. to the Supplemontal Bulk Power Suppb' for the immediately preceding Power SupplyFear which shalt co~ntain za capy of the annual audit and which shall fnadzda" (1] A report °n the operations of the Authority; (2) A report on the ma~msgment of thu .Prujeci;.
(3) A report on the suificienc o rates and charges for sevces;(4) A report on requlremnerlt for futrze bul power su~ppb'(5) RtcornmerdatIfa ma to rchanges In operation and the making of repairs, renew.raplatmanasnb extedelon., be~terznenbs and improveaents; and.(3 'A proimetion of the Au.thority's cotta of providing the Bulk Power 8opply to a~ll Partl*ipanta for the eunuing five year period. .(h) 52e Ac~thority s laglcasi a coy of said e~nginezg report to be deliveredto ea Section 206. Power Supply Planning.The Participant will keep the Authority addised on all matters relatng to thin Pari-" pmznk'm power supply Pleanlnin Including bat not limite to load forecasts mission and generation additions and new delivery points.Section 207. Diligei~cL.
" Thu Fartlcipant will exercise diligence In tih. operation of lbs electric are ni with the view of aecurizig efflIcleacy in kesplng'with Prudest Ut~lli, Practice, will construct Its fsdli-tits in accordanct with apeciflcatlon4 at Ieut e~aal to those precrbed by thu ~ational E'lec-tric Safet'y Code of 'the U. S. Bulreau of Standards, wdie maintain jimo lse at a tllu 5mn ha samfe operatingl condit56n, end willlopetemaid li nes in such tsnonnr ua not to Inte.fere un-duly wilth the op trattoas of others. 'The Pmartl cpaont will use decstaio service eqizmlly.froea t~e three phase as nearly as poisibie and will maintain a power factor of 89.4w, lagging or mich greater power factor am uiy be arreed upon by the Participant In the light of guy other con-"trect between the Authority and any other ]psrty, and soch agremuent the Participant shall not be unreucsanbly withhehl.
"-Section 208. Accm-.Participant will give all necessary pernalz-oaa to enable the agent, of the .Authorit to aryout Contract and wilt otherwise hambi ohec to appl¢cable and coadltin., met forth In those tari/fs which afet the Patztc~pant and which are filed willthi Pj ederm] Pow-er Commiss~on.
The Authorlty and the Participant will] glee the othetr the r~llt to enter*the prenmasu of the othier at a'll reuouablo.tlme f'qr the purp~oe of repairirnr or" removing f'ac~llties, reading meutersansd performing work incldental to delivery and receipt of Bulk Power Supply.At the end af each Power Supply" Year the Authority alzUtt determlna If the aggr~egate
'amount paid by the Partinipant under Sections 307 mad 403, hereof, to provide recovery of all the AuthoritYm o eue during each Power Supply Yea~r was In proper samouet, aid, upon the maktingr of much determinatlon, any amount founad to have bern paid by the "Par-ticipant in a.ceam of.t~at artunt which ehoald haste been paid by the Particpant iball bacedt,-ed on the Billling Statements to 11am art~icipnt for the remaining mouth or months of the Power Supply Year next mucceedlng4 the Power Supply Ycmrfor~hleha.ch adjustment wm demnterde to have been necessary.
Ten pes~uat of the amount of an~y defdec~huallssd la added to each of the unLt ten Rifling Statements.
Zn the event that the failure P artici'pant to pay It(s.Entltletnent Share of Annual Prqiqct Comat In accordance with- lha Power Satlt Contract shall have resulted in the application of amounts In anyv rustye or woridugr fund under the Bond Resolut~on t'o the payment of coatb payable from such reserve or work.canion or p~ai taddtional amounts Imto much reserve or working fund, emonmta thereafter paid to the Authority by aUCa onopay~zsg Participant for appilcaUon to much past dun payments shall.be credited on tha BlUingr Statements of such other Participants/in the next month or months ma shall be approprfate.
Sectfon 210. Dleputed Ifanthly" BlUingrStatemmetl.
In case any portion of anyv monthly- Billng Staitemnent'received by thin Participant from the Authority, shall be In hzona 1ide dlapute, the Participant shmfl pay the Authoz:If the full amount of much hmonthly RBUllng Statement, and, upon determtnation of the correct amount,
- *0 the difference between such correct a~mount and such full cmo~nn, if any0 wi be credite to the by th Authrty ale nucb detarminettion.
In the evtnt such monthly Stat~Lezet is I disp~ute, the Authority wil give conslderationtosuehdlaputea ndT will advise tha Participant with regard Lo hi Authority's pcaI~on relative threto lth'ha thirty7 days following written nothlicaton the P~erticipant of pici diaputi.Seetion 211. SaurcuS of Payrents.The obllgstona of the Participant to make the a~yments to "the Authorlt7 under this Con-trct shall constftute general oblligatons of the Partldpcnt far the payment of which the full faith and ctedlt of the Pari~elpant chil] be and the cine hereby Is pledged to provide the funds required to fulfill ll oblgatlona arising under t/h;. Contract.
Unless suc payments or provdsfons for, su payments shall have been node from the rev.enuer of the electric sya-tom ok tbi Partcpat or from other funds thi Pamrtclpant will annually.
In each sml every" flacal year .doring the ter of this Contract Include In its general,'revenue or appre-'priatfon messur,, whether or not anmy other items are Included, sums sufficient to Usatsy the payments required to be made In each year by this Contact un~til all paymnents requlresd un-der this Contralt haveabenpaid in full.'In the event for any retson any such provision or appropriation is not made for a fiscal yeax of a then the chief fiscal officer of the Participant shall, je accordiane with the povoiaion.a of the Act: In effect ta of the date of this Contract, set up as an appropriat, on on thet account, of the Partlclpsat in each flecul year the amounts rtq'uledWt pal' the obligatlou's called for under this Contract.
The amount of the appropriation In much Hiscal rear to mist the obligatons.of this Contract shall be due and pasyable and .she1/ be ixpended for the purpose of paying and meeting the obligtions provided under the terms arnd conditions of this Contract, and such. appvoprftaton shill have the "sarn*legal status ~ LI t/he had inc~luded the amount of the appropriation In Its general revenue or appropriation measure.*-
Section2,12L Rate Covenat.The Participant wILl manstnin and collect rates and eharga for the elect*4=service of It, electric system so an to pro .fde revenoes sufficient, teguther with aieflnble elee-tric system resrves to enable ihe Participant
'to pay to the all aounts pasyable under this Contra~t an to pay all other amounts pa~yable from azmd all lawful chrgesagainZJst or liens on the revenues of Itt .elebi sytem. -.ARTICLE III ELEOTRLIC POWFER AND E.NERY pRtOM PROJECT Section 801. Own ru ip of Pro jctL The Authority will isaua the Eonda In series 'from time to time wider the Bond Ruesohu.tion to finance and shall own the Project consfiting of the Authoritys ownership Iterest In the g~enerUtou and frmnlasl/on fac~lities described in the Description of P.roject atta.had tao this Contnas and w~1ll cause to be d-lfrared to the. Pa.rticpant during each month of esch Power Supply Year its E.nttlement Sharp of the output and. services of seeb faciliy of the Project far the usful life of eac such facility of the Projec.t.SectiOn 302...Coste of Generation iand Ttunzm'lsln.lit Facilitie Comprsig t:he PrOject (a) Those generation and traniun(son faclities comprising tlhe Proloct will, for purpse U generatiOnn.!
rlir-te' twnmisson laciUtleg, and (ii) tfrsp~Wi~1ofl sste~m (b) 'Thse itl'acoata of providing to the Partiepante thel En~t~tmunt'Shares of*such gart.nilou and reiated trnm/on'fscdUfm as are inluded Sn the Projec will ha a-..counted for usdeacs'bedl in Section 50.(b) hereof, and (a) T1'11 Aiathouitys'osts of providing to the Partlcipants thefr Eaittlemen Shusm of such tranhuilualon system acil~tue us ae Izi.ciuded in the Project will be -,counted forua descri'bed lIn.ection 206(c) hereof, and will be determined u followt.*(1) Suc.h Ixasmbsaion system facilltiel s us areInludad In the P'o~sct wml 1he scquired**by the Authority from time to timi fez the term of thi Conkact through In mnn nsegiutsd trensrlselon system apeeanent with other .utULtrs..The Authority's Iruet.uient rpouaslillty in such txnaum~ulon sysm facilite for an, lower Supply Year will be that perksntage of the total/investzuet in thu combined trnawslntmuo sysem :critle of Uhe Authorit and such Othe utilities obt.alnud by divding the demand of total Bulk Power Supply provided by the Authority' to aU the Puiutlcipanta during such lower 5upply Year by the cormbined demarnda of the Authority and such other utllitias during such lower Supply Year and expresing the res.ult as st
'The Authority's ruaponalbl~lit for annual capital *ost relating to renewasb, replace-ments, repairs, .editlons, be.ttrgur nd- i mprbsumzm~t to and for annual openers4;g costa of such trasnmission system, Ibr~litleu for say Power.Supply Yes: will be the.annual capilal end operating costs Incuired by ths Authorit for sutch facltlus.* (2) Zn the -vent the A.uthority zasumes responsibllity for t~unsmisson of the Paitict-punts' -llotm-nts of SE.PA pawer pursuant to arrangemenis" for which provision Is made In Sections aoa mud 804 huzwco£ that Authority'p ruontalbily for rnvestment In, and annual capit-l and operating costs oe. such tusnammslon system'I acilltlea acquired by the Au~thority frora time to time through purtlcdpatief in such Intalrated treas-mbssion system agreeaent may be Incrauedl.
The Authority"s investment responsibility In such inc,.esad traumnlsluon system facilties for any Power Supply Year wil be that pezcentzp "of the total Invtstmetnt in the combined ts'srfswision fac{/lties of the Authority end such other utK11ties obtained by diwidng, the deand of such power plus the deamnd of total Bullc Power Supply provided by the Authority to 841 the Paricpants during such Power 5upply Yetu by the combined demanns of the Authority anid stuch oilier utilities during suc~h Pewee Supply Ymar aund expressin the result as a percetage~.
The Authority's ussponslbltliy for aroual cspltal costs .L-lItizg renewals, zuplacemehta, regain, addit~ons," betterments mdi Improvsmenta to und for annual operatng costa of such Inr~ceemed binnnmloun system faciliti, f0r any Power Supply Year will .be thu annual spataten rd operating costs Incurred by, thre Authority for such faclties.
"'"" " Suction-302.
Thlueronnaction A~rrnzmeznenb, The Authoriywill purchaue'or provide sjrh grtnerallng reserve service. frauu-znleeont serviceP maintenance searvice, emergency service. ecounn)" Interchangear aud othr Interdiange service asociat:ed with the Project as nay be nmuceraa for th reli-ble and.coram/lal Jsupply of the and servicesq of' th. Preject su will cau~st deliyerud to the Particpant duringr each month of the Power Supply-'ear Its E-nt~tlement Shotre of much output and aervicas.
The Authority may use electric energry from the Project which Ia avt"p u.w to the requlrtezints of th. Part~lclpnnts, as such maty be awdlable from Urn. to thU for thu pUrpuse of eecrouy Intorchange service or other luterchsang asrvig. with others, and soy net revenues received br the Authority for any suc aetrcee Shall bel credite to the Partlcfpanb by the Authority' fn proportion to their EnItltemreut Sharea.'10 Section 204d. Operat..on aid Mul4nlunuzice.
The Authority covmnant.
and agr-,, that it will operate, manta~in and manam. thu Pro-ject; or- ka~se the saue be operated, ma=[ntained end nanazed. In an dfcien~t an.d econom-teal maimer consistntan wth ]Prudesl Utility lPractice.
Section 105. Insurance.
The .Authority ushall maintain or ecu.. to be maintained, in force for the benefit of the parisr herto, as ther jitirest shall appema, ua Costs of Acqaimiion and Construction or -anal Pro jet Cota such insurance with respect to the Project a.m shll be avatiable aid as is usually carried by utilitias constructling and operating generaing' fsa.ctlu tie b In the ass o ,,uclear generating fac[Iitie, iot less than will satisfy th. requirements of Federal and ethtm law and the Regulatory Commission regulations and such other Insurance a s Ia na-ally card l by eleebtdc utilities In co~nformity with P~r~uent Utilitty Prctie.Section" S06. Charges and BUlilingsJ for Lhe Project. -(a) The Anthority will esotablish fair and nopdtlsc Ilnatoty chargles for afl output and service provided lby the to the Participants relatingr to uack fad~lity of thu P'roject desisted to reove~r all of the A4uthority'a c~osts allocable to much facility conimanrnr'wlt the CommercSlal0peraUon Iate of such fadlity or the data to which interets hau been capializeld on Bonds alocble to much facility.
'whichever Ia the urz~er, as set forth in the Annual Systen Bdaisgt, or the amended AJmiga! System Budget adopted by' the Authority puizaunni to Section 202 hereof, and such costs shall Include Annul Costs.* (b) The Annual Costsa allocable to theguneratfon and related'tansmulaonfseil-itiem. of the Project shall include at; leost the fo~low1ir Iteni of costs and espbesso: (1) "Annual PFrojectt Generation Flied Charges," ;nes.: (A) the'amount
'which the Aquthority Is required under the Bond Resolution.to .pa" or deposit into any fund or account estsbllahed by the Bond Rusolutlan for the payment of Deobs Service and any' re~serys reqtuhrnentm for Bonds which.S an allocable to (I) thu generation and rslated franamlaslon facilitias of thu Project and (ii) the worldug capita) whic Is required by the Authority fur providingr Bulk Pow.er Supply, Including Supplemnental Bqulk ]Power B opply to the an which Ii alocable to the generation and related1 traazsmlaaou facilities of the "(B.) Iomotoat (not otherw~ise Inlluded under any item In thi Section 805 Cb))s.ocab to the gleneration, and re.lated trasinisalon failti em of tha Project whic the Authority Is required under the Bond Besohuilon to pay ow depoait auch**Power Supply Yeau into any other fund or account 'stab]/ebtl by7 thes Bond Beachu.-tion, and shall Includt, without: lImi(taon, any much amounts requiredl to ezek up any deficlonc'i In any reserve fund or w'orkinir fund required or permitted t u tha Bond Resolution resulting from a default in paymeua by any, Participant or Par-tialpants of amounts due under iti or thefr Power Sales Contract.s with the Au thority;*. (C) amounts which the Authority is raquicud under the proviaioah of the Bond lqeslution to par or deposit Into a reserve" for renewals nd replacaetntal (CD) amounts which must be realized by the Authority for coverage of D~tbt Service am may be required by-thu Bond Resolution;(B[) amounts which nmust be set aside by" the Authority for the retiremant from 11 euie eoulsol~.or d~plof th"e gerati.o,.
facltes,.
of hePojc s..may be required by the Bond Resolution;(F). amunout, which must be paid bY the Authority for the purcbue of irenerat-lng capacityi r-eservus flor the Project; and ei* (3) "amounts which must be paid by the Auth~orit7 for the purchase of trhlm.a-m efo or heProject; anid -(2) 'Cther Anniuai Proe~lct Gener-tioni Coat, T whilch moons: (Ak)" afl coats of prod ucilnil n4l delivering electric power an senu. i from the Project and providingr the Participants' Enfftlement Shire In.luding.
but uot Umfted to, (I)' Fuel Costaensd other ordflus" operation and maintezui'oe costa sod prowl-atcoa for reserves therefof, admlnlstatntve mod gensxul costs Insurance, overhead and anyj chug' payable by the Authorit-in connection with the output of the Project, (ii) net costa of scheduled, emergency., econony7 or other Interchange up-who Incur-red by the Authority in connection nith the Project, and (Ili) all operation and main-tenarice costs related to the operatoIng and codudcting of the busines of the Author.ity Includingr salaeces, fesa for legal, engineerfng.
and other services ,md anl other expenses +properly .rela.tad to the conduet of the of the and (B) amo~bnt required of+ te Authority by the provisions of the B~ond IRaolu-lion t. pay the'coet of or to provlde resres for (i) elirordlnazr operating anid rmaintenance coits including the coist of schedule4.
ewerigenoy,.or other interhange sorvice an the jirevention or corecliton of any unusual loss or damaile to keep the ge~neratingr faeiUUes of the Pro ject in good operatingr condition, or to prevent a loss of revenue therefrom, (II) ansy major renewab, rtplaceuenta,'repalra, addltions, bet-and lrnproveomezta neceussry, In the opinion of the Consulting Engineer, to.kep the genraerting faohlltiu of the Project in good operating coodition or to prt-went a loss of revenuu therefrom lifi) any ma, or additions, lmproveznsnta, re-palts or modificatlons t 0 a'ny such gunentlug fadility, or any devonimlsaoolng8 or dlspoasls Of any such generatingr iacllty, required by any governmental tageny hav-fnrg juriadlction over the Project or for which the Authorit sa1~llbe r~ponslble'by virtue of any ob~lgaton of the Authority arising out of any cont~act to which the AuthOriy may be a parti relating to o of the Project or any"facility there-of to the entent that the Authority Is not rulmburad'th~zefor from the premeds of insurance or fqndse for sudi payment are not availabl to the Authority th.erefar from any funds or accounts established under the land PResolution, or Aioda for such payment are not provided or to be provided by the Isuance of additional Bondsto Arltcle V of this Co'nirsoL Project absoi Indude at least .the following Items of esb and eicpenae: (;1) "Anneal Project Transmisston Flied Chargies,'
which mea.s: (A4) the amount which the Autlhorlty Is required under th Boad lResolution to psi" or" deposit Into. anyr flnd or account utatblished by the Bead tlleolutlon for the pay-ment of Debt Service and any rezorye requirements for. Bonds which are allocable to (I) the trananalslon system facliltisa of the Project and (iI) the worh-tog eapital which is required by" the Authority for providing Bulk Power Supply, in.chiding Supplementall Bulk Power to the Particlpants and which is allocable*to the tranumlailou s~stem faiclitles of the P~rojfect; (3) the amount. (not otherwise inclod ed underancy Item ofthisSetlou30Og(c))
ullocabte to the b~anamnaalou system ticiiltles of the which the Authorlty Ia required under the loud Resolution to pay or deposit: durinr suc Power Supphy Year into anj other fund or account, eslablshed by the Band Rusoluton, 'end shall lnclude, wilbout limitation, any such smnouuta required to make u'p asl deficienty In any' rMeses ftnd or worklng fund required or paermted by the lond Resolution resulting fr'om a dufabit in payments by any Partisipant or Psxtidpanta of amounts due under its or their Power Salem Contracts with the Autority;(C) the amount which the Authority La required under the prorimions of the" Bond iResoluiloz to pay or deposit Inte a reserve for renewals and replsoementa; and (1)) amounts which must be realized by tha Authort for coverage of Debt Service as may be required by the PBond P~uoloianm and (2) T M Other Annual Project Transmission Consb," which means': (A) antennts for ordinary operation and znalntenance coets, admfnsta~tive and greneral coats, Inauranee, overhead, and any- other ehazres payable by the Authorit'y in Connection with such traznsmlasfon system faclities, Including cli credies due to with respect.to delvery point tansmslaslon facilities; and (B) amounts required of thin Authority" by the pr'ovisons of the :Bond Resolu-tion to p.a, the Costa of or to provide reserves for (I) e~xtraordlnary operation and maintenance includingr the prevention or correction of any' unusuael lose or dam-age to keiep the tranamlulon syets* facilltfes of the In good operating con-ditlon, to pretnut. a loss of revenues therefrotn, (fiI any major renewals, replace--.
wants, repair, additions, bettermnts and impruvements liecessary, In the opinion o the Coneulting Rragineer, to keep tba bsnamlassfon system tsfelitles of tie ru ood opurattnz condition or to prevent a loss of rerenuca thererom and (111) any major. £ddltionI, rnipravemente repairs, or modllcatlon to any such faefllty required by any zovernznntal aleney harlngr jurisdicton orer the Project or for which the Authority shell be responsible by virtue of any obligation Au-thority arisingr out of any contract to which Ilie Authority ina. be a party relai~ng toownezahJp of the Project or any fclljty thettof to the extant that the Authority Ia not ratlubursed Cierefor f.rom the ]proceeds of Insurance or funds for. much Ps~r~zent are no ava~lable to the Authority therefor from any fundi or accounts esafb-fluked under the pond Resolution, or funds for such payment are not provided by the Issuane of addilional Ponds pursuant to A~rtilea V of this Ccntract, (d) T.o Authority ahall bill the Participant eac month during eich Power SupplyYmar hi" providing the Participant with a RlBinr Statemnent fdr auch month in accordance with the ch.rges established pursuant to the provislona of this SectIon 806. Such Blling Sttemment ehsfl set forth, 'a~mn, other things, t:he anus to be paid for msch month by the Participant for fts Entitlemen' Sh~re of the Project output and aervces, and such sum shall equal the Par,'Ucfpant's EntiU~eent Share of that ensount of Annual Project Cuts, as eatlimtad In the then current Annual Syota Budget which the Authority is required purquant to thu Bond.JleoluiUton acc *rue, pey or oat asdes duringr each month. Such m~onhly Statecuent" s"alt Include a credit for such delivery oiant traninfsaion farclltiea asart owne, flnanad, or operated by the Participant, end such :Billing Statement ahail be paid by the Participaut on or before the tenth day fru-o the data of such bf]ll Amounts due and not paid by the Par-ticipant on or before maid dqy uhail hear an additional charge of one and ona.balf percntn per month until the amount due Is peld In full. At the end of' each upply Year," adjust-meets of blllni ehali be niade In accordance
- vltli Sect~on 209 hereof'. ft the Patifcipant pays lesa than the full anmntn: due with rupect' to a BUlr,,r Statement, the partial pay~t: no ze-ceroed shall be applied firet In diicharge of the ]Partldpanrs obrlgton to pay !!o Sh, the Anual Project Costa am provided knthsAxticis emba 8 Maey such partial p aymntn lure applied o. discharge of the Partldipau.t'a ob~llzt~ona uudec the prro-viuiona, of Ar+ticle IV herof.(a) At "such tinges um the Authority Limuew aiddtlonal Ponds In accordance wit, thupro-.visions of .Article V. hereof, the Authority will Increast such elemntsn of Amiuel Proj ea Costs u ar fletenr7 and the Partidcpant ebali pay. l1 Ent~tlem~t Share of much Incrnaaed charges p ureuant to the provislaos of Section 207 hereof. +Section 107. Frauec :EnUtlemeni aidnC Payment Obl~rgatlons.(a) The Participant shill be entitled to receive Its En~titimnent Shor~e af throutut end tranomizslaio servfces of the Project mad of all" aeruices provided by the Author+y En mc-cardages with the provtisons of Section 808 haeaf, m may be available for th. uedui life of the (b) The ParUticpant ealul pay Its ShAre of Aarnual Project Costa Eat forth in the monthly' Statemwbs aubmittad by" the Authorfltjto the Par.'Uipan In accori-,-rica with the prowlsi ons of Setolon 806 hercof, whetther or not the Project or any part there-of baa bean completed, La apgrtinig or oprasble or its output Ia suspended, Interropted, in-t-a'tered with, reduced or cutJiled *r terminated in whole or In pert, and auth payments shall not be au~blsct .to reduction whether by offset or otherwium end ab~li notbe conditin-" a] upon the penfrmo:ahct or nonparfrorn~azce by anoy party0 afls7 agreementn cause Sectap 808, D~elermfr'Uan af Pertlcipait~s Enfltlemeni Shrers of. Tm-namiuloa Syste si Ps dllties Indulad In .tha PJroJect.(a) With respect to trnamiaslon system :facillUes Included lin the ProJect, the Entitle-rueni Share for each Participant to be determined by the Authority four each Power- 8Sqily"Ye as haftd be the petqeninag, a~otabie to the Part/ldpant of the trstnuzanllon aazdra provided bytue Authort end of the costs incurnedh y the yreJathgto auchtrnuinmslou qn tentat flieu em era acquired by the Authority from tires to time the term of thi Contract through participation .Ien-, integrasted tranaimiin on myte agreement with other atilUes.Such percentage ihill be detaunioud by the Authority.
by dividingr the avernre of tha opnhour integrated coincident cyaten de,,ands for Bulk P~ower SUpply provided by the Authority to much Pa-tlcpant durIngr each month of mlucP., ower Supply Year by thus avtraes of t.ha one-hour Integrrt~eilcoincident cyit.em demands of total Bulk Power Supply provided br the Air-thority.to
- nil of the Parttcipant ductsin eac oneth of such Power Tez n ezprmening the result aS a percentag, so that, when all of muchl En~tilement Shares ma compoted by" the Authority are added together, their murashnllbe ont hundred. Poe the purpoee of mchd cor-..
the one-hour interval skhll be the hour durIng which there .hf occur~ the in~eniiui one-~lnour integraed coinc.ident sysem.: demands of Bulk Power Supply p7rvvided by the Authority to ilL of the Parti*lpantm.*
fb) In the event the Authotity assumes responstbilUt fort rau~mhalon of the Pasrtic*panta' allotments of SEPA power pursumat to mrrnngtminmn" fo: irhich proudsanis I,,,ade In Sections S0S ond 804 hereof, end such responelbrltr ruuita In mi Iscrease In the I-vetm~ent In and annutal'operunat cois- of such tbmnmmlasion syalain facllitfes, the Zntltiment Share for each Particlpant to be dete rmnded by the Authority far earh Power Supply "Tear elial] be the percentsg el/oabte to the of the transmamluau seivicee provided by the Au-* 14 thiorty and of thu coats In ied byv Anthorit), relating; to sch i.ciiusd rasponalbi.itT, Such percentage DILs]! be determined by) the Athority by dividing .thu averags of the orn-~hour lntagmtmI coincident syste dt minds of such SEPA power plus the damanda of Bulk Power Supply provided by the Authority to such Participant during each month'of such Po~wer Sap-p 1 T Y.CT br the average oia-hour Integr-ated coincident sytemu de=*auds of SEPA power and demans of.totol Bulk Power Supply, providtd by LbsAuthority to ill of thet Partidpanta duringr.the sims one-hour" interval of each month of such Power Supply Year and ezpreulng th. re-salt us pereentage so that, when ill of such Entitlenzent Share. so conmputed by 'lii Authority are added together,.
their sum ahali be one hundred. For the purposes of'auchcomnpoatizm, thu one-hour Intte-vs~l shall be the bour during which there shafl occur the maximum onebour Into-gtated coincident Sstem demands of SEPA pow~or and demands of total Bulk Power Supply provided by the Authority to il of the Partldpants.
Ce) Such En~titleent Shares of tran~smluion system facilities included In the shall be esqtimated by the Auth~ority prior to the beginningr of any Power Supply "Year aod such eaiuatmats'baU be set forths In the Annual Syvstem EudgeL Rrrj/slons o( such uatimatad En~titleent Shares shall be made by the Authority at the end of audli Power Supply Year based upon much 'yatom demands as actually experienced and the Wllingu for~such Pavu Stap-ply" Year shall be adjusted by, the Authouity accord~ngly,.
Section 309. Pledge of.Payments.*
- All payments required to be rnedt by the Participant pursuant to the of this Artdefl*1 I and all other paymmnts attributable to thu Project or to the Annual Project Costs to 3e made In accorifnce with or pursuant to anyv othtr provision of this Conbsct, shall be pledgred to securt the paysmeut of the Autiaorit~y'a Bonds Section 310. Pay)ment u Olpenrzng Expense."So long a, eliteic power and tnesgy shall actually be receiwud b), a Participan fromz any, facility or faclitie of the Project, the Particpan~t's Entitlement Share of Munalsz Project Costs shill be paid by, th~e Partcipant as a coat of purchased electri4c power and energry for-Participant's electea system and us an t_-pense of opertion and inifnt~enmne thereof.Seti~ton .IU, Credfts I. Annual Project CoiL flu Authority may, pursuant to thu Schedule ci Entitlement Share sand perticipaticn In an 'ntegrated transm~slfOn sysStem agreemeut with oilier., for which provisio Is.ad in See.tion 501(c), heruo, ctell thu output and services of facdlltes Included in Lb, ]Project to other uffitlee.
The anticipated proceeds from suc~h aisl shall be estimated In the Annual Syste~m Budget, and any net revenues actually receivqd by the Aut~hority a the reumlt of such sales to other utilUtie dur.ing an month of the Power Supply Year shal he credited to the Partic-panto In proportion to thei Intutiemmnt Shares In the inonthly Bllingr Statement for tb.followtzuk month.Section 12. Sale of E.zcesa Particdpant's Euitlllemtnt Share.In the" evpnt the Participant shaUl determine that all or any part: of the Particlpant'm
- Entltleinent Share of the output and service. of the iune~ratinafracilities of the-Project ar In excess of thu requirements of the the .Authurlty may,. sell and transfer for any, period of tim. all or any part of such excess output and servces to sucb other Pserfdpants n shal1 agree to take such exess output and services, provided, "howuv.r, that in the event the other" Pa.rtcipants do aiot agree to take the entire amount of such excse,,.the Authority* '" 15 N 0..baU have the. righbt to dispose of such esecs to cther ut~litiu.
If al or sau poralonof ouch exces of the Parddpant'u Entitlement Share of ogtput end srices Is sold11 puzinant to this imetlon, the Participant's Eatitlement Share shkul not be reduced, and the Participant sha~l remain 11W.~ to the Authorirty to pay th- full amount of ita Billing Statement as such sale bad not been made;1 ~sTept that aiels liabilit shall be discharged to the .tent that lie Authori-t'y ehall receive payment for such e.cta output: and uervces frop the porchsaer or purchaser thereof.ARTICLB- IY SUPPLKMENrTAL BULK 8UJPPLY Sectffon 401. Supplemental Bu~lk Power Supply Proyidid'by the Authority.
The Authority will provide or cause to be provided to th. Part*dpsnt Suppleezn6.leh Bulk Poeri Supply daring each month of eadi P~ower Supply year. Such Supplemental sulk:Power Supply ma? include, but shall not he' limited to, puitlal and faull requirements firm power purohesa, and unit power aervi.e, firm and nsonfirin capo~te mm endseray manic., teraimhusenu aeruici sad other interchange arvk, made aum~lale U = rv~i of ta8sac." tlons with other utilities.
'The coeb to the Authority of eleciric power and sneaiypurchulaa by th'e Authority frons other utilifles based upon tariff. flied by sush othr utOll/es with the F'ederal Power Commission will be directly reflected lIi the monthli Bflhlzi St~atement to the.Palclpanl Such montbly Billing StatemeJnt will Include a credit for such deli very point t=an:axLlo5 facilites as are owned, inanced., or operated by th Partfdpa.i.
Sectlon'd02.
Cb~rzm for Supplanental Bulkc Power Supply. .* (a) The Authority will establish lair and n aurcrlmlnalcry eharges or all services provided bi' the Authority to the Participants relating to the Supplemental Dulk.Pawer Sup.plyv of tbe Partfcipunab desivied to recover all of the Authorltye coases of snqul-zqr.
financial', operatini and main tainiur such Supplemental Bulk Power Supply an such coats are set'.roth In the Annual System Budget or any amended Annual System Budset adopted by the Au-thority" peduant to Section 202 hereof. and such coats shall include Annual SswlekmtnW Coats as defined In Bastiona 101(c), hereof; and (b) The Authority ahall bill the Participant etch month during each Power Supply Year by providinlr the Participant with a Blillair Statement accordiung to the charges autabllahed p ursuanit to proylsiozs of this Section 402, for the cervices uupplled Io the Partifcipant by the Authorit am aet In Seotlion 408 hereof," and for the coats Incturred by the as set forth in this Section 402, end such bill abael be paid by tha Participaut on or before the" tenth dy" from the d ate therdof. Amoujita due and not paid by the )P~utieipmnt!
on or before said day sal~l ber an additional charge of one and oue.lialf per month unti the amUnt~l due In paid In full.At the end of each Power Supply Year, adjutetnsets of billinrs shali be made In accordance with the provlulona Of Sect~on 209 heraof.Section d0l. SuppleMental Rgul~ Power Supply Taken by tha Partlipant:
The Partiripank shall take all of I'tr 8uppleraentl Bulk Power Supply-f run the Authority sand shall pay to the Authority the Participant's Pzoportiontae Slhare of Annual Supplemental Coats sat forth In the monthly BiUltig Statement submitted by the Authority to the pernl.
SecUon 404. Altsrnate Supplemental Bulk Power Supply Resources.
If the Partldipt duurns to procure an alternate sourte af supplemental bulk power sup..ply other than that provided by the Authoritye the Participant znay do so under the following turnS and condit.ons*(a) In no event will the Participant's Entl~lement Shar at the Project be reduced, and1 the Partcipant Wil cnt~nue to be obhlgata4 to pay Its En~tlemwt bShar at Annual Project'Costs;(b) The Participant will enter Into an interconnection agreement ilth the Authority tor ranarves, emisnZmCT, economy. scheduged and other interchaup service, the tarma and coudi-tross of which will be similar to those contained In Intercounntc~on srrangmnentb tha .4thority and othm.;asn (e) The .will give uotice to the Authority of its intention to procure such elturnLta ouorce which will relieve the Authority from Its obtiatizon to provide se-vice equli-aelet to such alternate source. Such no:c wil be at 1ss the following:
(1) Twe years if such alternate source equals 20% or less of Partidpaneri total peak demand les SEPA power and Participant's -n~t~tement Share of the output and services of the of the (2) Thre years If euc~h alterns~e sources equals more than 20 bqt not pester thanci Particpant's total peaks dizuaxid lm SEPA power and Partipant'u Entitlement Shane of the outpiat and ser~rtce~s of the gtenerating tid~uesiu icluded In the Projects (3) Five years if such alternate source equals more than 20% but nt; greate" than 40% of Participant's total ,tema~nd less SEPA power and P-rt~kci'intf E lntitlement
- Share of the output.and services of the ge~nerting .ac~lftie of .the p'roe-.t;
-(4) Seven years If auch alternate source equals more than but* not greater than 60% of Participant's total pealk demand less SEPA4 power sod PaxtUcipsnt's Entitlement" Share of the output and services of the'generatinl faciities of the ProJt;(5) N~ne years if such alternat, source equals more" then 60 % of ParUlticpnt's total peak demnd less SEPA. power and Part~iclpants Entitlemnent Shar, of the outpu~t end services of the geenerting facilities of the Project: Provided, however, that+ the Authority and the Partic/pant mar mutually agree to a notice shorter then any of those prorldnd.above If burden or coat would be Imposed uponth A4uthortty es the result of such shorter notice.Sectfon dO0. Interconnection Armrngerente.,?he Authority -ad .th. Participant may mutually agree to enter.fnto intereounectdou ar-rengeinentJ far r uerves, emergency, economyro scheduled an.d other Intacag service for geneation and tral,,snisslon f.i~cllt~la owvned by the Participant on the effective Oat.ofa this the terms and conditions of which arrangs~ents shall not he Inconalatet with'the proviaouis of this ConfrteL ARTICLE' ADDITIONAL BONDS Section 51. Zasuenca of ALddctonsi Bonds..(a) Additional Bonds ,may" be sold and es~ued by the Authority En accordance with the provisions o the Bond Resolution at any time and from time to time In the evwet, for any 1'7 reumu, the preceedi derived froca'the sal of the Bonds validalted piiraomst to Slim pro..vluoua of the Act an of this Gontrot shall be Ivnu~tlclent for the purpose of comp~leting tbe nl Iaidflltle of the Project sad plsacin each ficility thereof in Commerda OperaUon In-cludini the completion of those (:numnu~ou system fadlitlea to be ecquired and construcbtd byr tha Authort prior to thin Commferdald Operation Data of the last of the genpstlnr'fadfl-Ulo of the Projedt So 1e ciaplited In osier to maqt the Authoritye Inustmmnet rerpozisfbmty durin such period In connection with any agreemant for an Integrate smlion systenm to which the Authorit may be a p~rty In accordance with the provtslona of Eectloo $02 hmruoL.(b) Additioa o nd Bm abby be sold end by the AothorikTln eccordanca wi~th thuprii-of[ th Bond Besohitlon at an~y tlime aud from time to time In the event fund. m re --quitet! to pay the cost of (I) any ma, or runewala, replucenienl, rep six, esd~ltious, better-mnias or Improvumente, to thme P~roject neesajy, in the opinion of thu Cnmuiting Butnaar, tkeep the P~roject In good operatifng cosditios or to prevent i lo.s of revenues thmfratu.(H) any maj or additions, lmprovumnbt, repairs, or niadlfloatfona to the Pzro~ect, or an do-cam jouninp or dlepoiels of the Project, req~uIe by ii~y joean~tal agency 'hain jiwfadictlon over the Project or far whic~h the Authority shall be rewpnslble.by of any of the Authority arsng out of aoy aontr--~t to which the Authority' may so a party relatng to ownership of the Project or any facility thref or (iii) reload fuel for each gener-ation facULty of tim. roject in any Power Suppl- Year to the ".Etent that suff~iciet funds are not avalalsbe In asny reserves utbblfahed by the Authority fr Fuel Coats 'provdadm however, that no such additional Bonds may be Isuesd f[or the parpoaa of add.ig a~ddtiona ze~naratin uelts to the Project..(c) At tUse as funds may be required to provide funds in ea~ess of thoas provided foathe sale of the first validated pursuant to thu Act and this Conteat tu meet the Authorlty's tnravutumet responafbl~t In connection with Iie agreemeet to whichb She Author!-ty may" be a. party peorldlng f[or an (ntuurated fransuaalon system, In accordance withz the provmaona of Section 802, the Authority noay provide suck funds s .ay be necehaaiu7 thorufor by the lasuancs of additional Bonds.Cd) Any such additional Bonds shell be secured by asaiguent of the payments to be ma-de by the Participants pursuant to the provislos of Articl II of the Power Sales Coo.-truta, Incuding required to be made under Article III of this Contract, and all oth-er paym~ents atlbutabte to the Project or to thai Annual ProJect Coats So be md Lu sccord-en'e with or puaruaunt other provision of- this Contract, and auch other Power Belts Coatnacbs, as curb payments may be Increued and exeded by reaso of USh lietiaca of[ ea~h adiiltiaiz Hoods, and such additional Honda J=5y be Issued In amnounlts auflleint to pay the full amnount of such costs and to provlde.auch r'seaarees marny be reasonblyr de-'tarnutnd by the Authority to be dks~rble.
Any such additional Honda ssused In accordance with the proviuions of.this Section 501 and secured by ass~lgnment of paymeats to be made In accordenca with the provisons of thi Section, may rank Ipart pasu as1 So the securly .1-forded by the proytulons of thi Contract and of .11 other Power Beale C'sret between the Authorei" and thue Partlzlpstb rlati~ng to the Prolect and to the ssunance of Hosdh therefor with all Boeds theretofore Isueod pursuant to and secnurel In accordance with the provlalolus of tise Coneract.Se~a 502. Zesuence of Rtlondlnlr Honds.Inthe event the .Annual 1roject Cosa- to the ?eztlclpuuta of eleowlel powe, ed energy from the mayr be reduced by the of any of thu Honds then outateadhng or In the avant it cuaD oterwise be adv.antaueOUg, in the opilnion of the Authoritly, to srmfun any Do cdi, the Authodril.
way lasue and aseli ef'uadin Honds to be secoed by aaalgnment of the paymetns 18 to he matde by the Pazrdgaziar purcuint to the'provisions of Article ILU of the Power Sakes Contretei, inchiding psymme, traquirsd to be rmade under Artlle HI of this Contract, mnd all other paymmnis ekblbulabie to the Prolect or to the Annual Project Costs to ba made tn accor.danee with or pusuahit to any dthez provision of this Conbect and inch other Power Sales Any such refunding Bonds Issued in accordance with the puatdona of this Section and-ae~curtd by wgmeirunt of.suicb payznenta ay rn~k part pe us to the security aforded by the proylaona of this Contract and of all other Power Sals Conutdcs betwtai the Authority ad the Parlid~panta relting~ to the Projete and to I/a issuance of Bonds therafos with all bonds thereto-jssued beto and ared In accordance with the prowisons at this Contract.Section 503. Adids~rnezu of A~nmial ProJect Coiti.In. thu avant the procsadle derived frem the sale of any Bonds turned pursuant to the pro-,isions of thi Contract the paymnent of which Ia iecued by asssignment of payments znxde puxsuaiit to the provisiona of this Cent~set and of all other Power Bales Contrncb betweoen the Authoritr and the Partlfouts ruslatng to the Project and to thne fesuenci of Bonds there-for, ae.oed the agIgreg~ae amount required for the purposes for wvhich such londs wer Is-*aued, tu amount of such ¢era shili be used to make up any delidacy ten* e.d~stin Lin any7fund or acCobft under the Bond R uolotion in tQe reanner therein proialdsl, and any busis shall be used to ret~ra, by.purchase or rai and redemption.
Bonds in advance of maturity, and.ks susch avent the Authority will zedtuce such elamenln af Annual Paruject Cons a5 uecusar¥ ted appropriate to feflet iuch accelerated retirement.
DBFATLT SecUDoU 101. Event of Default.Fallureoifthaexl~ttdpaat toznk. rcthe Authority any af.tim payment, for whfch pro-vision ls.made in this Contract ihal a default on the part of the Partldpant.
5ect~n 102. Coftnt1ding Ob~gealon, Rightito Discontinue Service..*In the event of any such default, the Participant shall not be relieved of its paymntn of the amounts Lu default and the. Authority shall havs the i, rnt to recver from the Participanut any amount In default. Iii eufocmean of ay such rtight ef r~ovss, An-thority ma" bringr any suit, action., or procteding In law or in equity, Including manudamus'andl ,ction for apsdfIc perfaimanca as ma~y le Ueciuar7 0! i~ppopriato In enfore any covenant, agreement or obl~gatfon to rmJhe any payment for which provision Is made in thin Contzset aginlst the andl~ the.Au~tho0rity mayt, uponl dt daysI writd.te noticsJ to thU Par-ticipa~nt, cease and dlccontlnuc providing all or any portion of the Paztldpant'o Bulk Po'w-, Supply." Section 103. Levy of Tax for Payment.*isa the event of such default by Lte Partifcipant, the Part/cipant chall proyide frthe .as-sessment and collect~on of an annual tax saffkcient In amount to provide funde annually to make aU paymntna due mundr the provisions of this Contract In each year over the remainder of the life .o' thie Contract and the Authority'chill have the rlight to rbilg any cut act~on, or proceeding In law or In equity, Iscludng mandamus ad action fre spedifie Wfanmace, to e,.force thu assesument and collectio of a contInuing direct annual tai upon all th tenable property within the boondarla of such Participant sufficienut Izz amount to provide inc funds aunnaIU~y n ach yu~r ol the rernaln.erogtheiUf, of thd Contract 19 Sect~on 504. Tl~ruia of Power and Eneqr.y Psui~uj,, Ia DeraU.In the evmet ci a default by
- Participact, the M~tlarlty elhaD trenafer, oni PI proita beia to .11 other Participanta
'which are not in default, liie dofaultag Paztielpmnt'a EnUtle-maul Share of the a ~outu md aervcee o the Project 121122 have been d]ac'ontinued by menul of aUth dofsalt, and the pru ritat portion of such Entitlement Shari of thu defaut-3 lgParticipant ma alialibetoma a part of and abafi be 8added to~tha Entltlm~nt Share of easch such banduree Partfcdpanl, and (trummore Pazi~cpant a]hUl be obligated to pay fOn l~a Entltlanmt Shari, Increajed aj aforeasiL, as If the Znftlina flShae of. the tra~sferee Participant, in.eted as aorusad, bad been etztel oriinally U the
..Share of the Pr-tlcdpant in (te Power Sales Contract with the Authority, provided, hoe'wver, that in no event shall tranfe~r' ci al part f a dshrultin Parx.ic, ant' Iln~tla lment Shar-e rasult In an oblIgat/on of a tranaf ares Particpaut In) buy output- and serviceu of tla PFrojec from the Antha~ity Lu uoff o the cenkysab eabhed5 Imttm annual hourly p~eak demand of s.ch transfe~ree and prorlild. that the obllgaltloa of the defaulting Pa.rtfripant to pay the Authority eJhill be reduced to the extent that payments sabel be receivedl by the Authority for that portioni of t]hu defaultuIrg PEartfcfpant'a En~tltlmetn Share which may be transferred as eforuald.Section 605. Other.Def u~ll by Partldpuzst.
In the evant at £ failure of the Participant .to establkbh, -,sltaisn, or cllect rates or charge- adeLUata to provide .revenue to enable the Participant to pay al ,anoztsn due to the Autbhorta under th Contract or in tim avat of a hfgr of he Par4ticpant to take from the AuthorTity 16 ulk Feorer Supply In accordance with the poyavuos of hi"Conb,4r or in the evet of any default 1by the Participant uander any other covenant, apeu. " mant or obligaton of th/u Contrut, th Authority may bring ay iult, action, or in law or in egult?, lndudbwfinendamus, In;[unction and acton for apcll performance.
s* may 'be ntcajary or appruprdats to enforce an, cOvenat agreemen~t or of ti Contract aeipnat the ParticipauL Section 506, Default by Au.hority.
Zn the event of any, deahult by the Authority wider any covenatnt, qoedamerit or abligaion of thu Contract, the Particpant may brng[l srty suit action, or proceeding Sn law or In eqit~ty, Includingl inandam~u, tW:Ucton, and action for epecific parfonnenca u maty he n, cessary or appmpriat4 to eniam~e an covenante, apeement.
or obllpton nf" ibis Contact eguinat the Authoritt.-SecUoc 507. Abezndeoamet of Remedy.In cue any proceedlni tiken.on account of any lefeult shall haye been dtscont(nued or a bemdoned.
for an reauson, the, par'tes to such proceedtngls ahall .be to "Utah" fco'mer poaltiona and r~ight and .11 r~gts, remadlee,, powmrs, and duties of the Authority and. the'Particlpsnt shall continue am thougrb no sueh proaeedlnp baA taken.A~qRTCLE VII MISCEO brIOU3 PSOVI.SION!
Sectimi 101. Chezacter and ConUnulty of Service.'.(aJ The Aizthority, may te mporar'il7 Internvpt or reduce de-iveries of electric energyr to the If the Aurthorityr determines that inch Interruption er .-educton La nacausary Zn ease of emergetncie or Lu order to inatelU equlpuant In or aaka ripareto or replacamante, 20 aImTup 'Dalamup Ij' Auv 30 n0 UUU~dZ5 puI L41jiqu3 flU nlo osi! .mwtuuw sim, pus ,Lumupu KI"Li tzut m&l~dn.Z 1Jotl p, uoajvn4@ paw t~Su'3Uts)v'
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.0 or actonJ, Including inur to or deat'of pezona arrsing from ny act or accident Lu con-nection wi~th presence.
maintenance and operation of the propert and equip-of the pat mud not caused In whale or hI part by the negrligence of the other part; prvded that an liablit wh ,h.I Incurre by the Authority thrug te opec-atlon and masintavJnce of the Froject and not covered, or not covered aufflanly by lnsur-Authority to liabilty abafl become part of the Annusl Syntem Budget Section 705. Other T'erms and Conditoew.
eaablhetl a part of the Autoit' nervlc rules and regulfatns, 'whicshal be -connertnt with this prvsons f thi Conbnet.Sect~n 706. Asf~immt of Contu+/-t* () Th nbntnst haf 1 nun e tothlebenf of udm bul bebfl r v UP l~nthe rnC vO successors and assaign of the parties to thins Contract; provided, however, that uavrt anPo wided in ths event of a ddault~, and, except for the sulgnmmtnS by t/he Authorfty author~lu hertby, neither this Contract nor anyv intnert hiecein shall be tzndurud or assigned by either pat hereto excpt wilth the consent In wrltng of tb. other pat hereto~, provided, howezver thaist such co~nzn shl be w'ithhld unxeazoahv No or transfe of this Contrast nba! releve the pale of an obligat~n irerewaa.(b) The Participant aclcnowldgeu and sgnies that the AuthorityV may a.sIgn mad pledge.o'the Tr'ustee md CoTutee dsinted4 In te 2end Resolution all flte rlgbt, U.t],. andl In-ter-est In md to all papunonts to be made in the A)uthority under the piuvslni of Aatide ZR!" of this Con~tact and aUl payments attribtrable to the P:rojet' or to theA'nuul Pk'olneto.t t.o be maed in accordance with or puziint to ny other provsion at this Contract a ecurit.fepldtheppyeta
- erlnclpa (Incluig sI3ln~ldn fundl fnstaflment) of, an ]prwwlum,.
any. an ntrste~5 on al the and, upon thme zecu~on of much asalgummit ant pl~!ge, nucl Trutee ,hafl have al rights and remdie herel prvided to the Athry,,..ad any refern~ce to thi Authoit shl be £este4 with the :eczais an. I n denta]. to indude such Trutee which shall be a thir pat benefcr of the cevennt an apeof the Partic nt heri Sect~on 707.. Termra~tion or Ammadaent of Contruct.whatha bae upo the deault of the othe part under thi Cotr or any othe £nstra-zuert ow' oth~rw(se
,-,capt as m .edflcaliyprovided In thi Coutract...
that will ad".muly afec the maturity for the Nonds aforded by the pryan of ti Con-tcg overs thle piachs and asi o power hereunder open which the ower fro ti to time of the Bons a u an Inumtment to patches. and hold the Naa..S long ma any of thin Bonds axe outstan~ing or unit adequate provihnis for the pamai thinseaf here been mae In accodnce 'wt the pzruiton of the Bond thi sh not be earcredm, modifed, or aoterwie m/tered in any manner whichT will the pay-mania plde u security for the Ro~ns p" exted .the tie of suech peji-nente prvied here-In or which will La any' manner Impaijr or affect of thet mes fr'om time to tfmi of the Bond,.Ce) None of tine Power Sale Conrats =may beams~udad as to any one or maoPre cipantSt 22 as aS to provide terms and conditions different from those herein contaned ercept upon writ-ten uotree to and written consent or Waiver by each of the oter Partkf fpa.,. and updu aimlar"am~en~et beingr made to tha Power Coufrnuct of any btherPartdlcpnst rinqueaf~nr such ammndment miter recuipt by much Pertrldps of notice of such amendmennt.
FUVBPROJIEL7T UNDERTA I4 Y AUTHORITY Sactoci 801. "Future Projects.The Aothority.may f~rom time to tfne conduct studlu an~d negot:[sions with respect to plannin, dhslgnflzg ffinancin, conetuctingr, tdmfnlsteringr, opattrab, .end nslztuinf~r ow otherwise ac~quiring future. generation mud tnnxiaon fadhlftiu or rlirhts to the output thereof in a ddition to .those coutemplated.for the Project, and roay mneic to the Participant that such future fujiitla be unurisez4n by the Authority.
TI the Partcipant wishes to partclt Ineand the Authority within to undertake any atudh futu'e the:Participant Shsfl execute a contract therefu with the Authority.
-5ecttoa 80a. Future Partidlpaaig.
It Is ex..tssly understood that noug~fi herein inhall preclude other future pesitclpantu fruin *oaliacbing with the Authrty for planningr, procuringi, enyil provldi[ng such other fu-ture partldpuns' b"ulk power supply, lnmdudlng p~artlcipation in other projects Widarelisl, by the Authority.
- .- *Sect/on 801.: ChanJges In Erktalnir SRPA hmzigmen to."' "" The Authority may negotia~t bulk poe supply with the Boutlieaataru.
Power Adinfnlstzeton and the Georgi Power Company for changes In the currently suiting conirada between the Partci*pants and Southesatern P~owerAdniinietrahloneanbetwee Gnr-ga Power Company and Southeuate-n Power Adxnlnistratlota wldch~chsnps" arm for the ax-.pressed purpose of loweringr the Particfpante' ovurufl bulk power supply *c~ti by acqobltlon by the Partlci]tnti of their flllakwful m~otments of Southeaster Power Admblsbtl~ton pwer. 7t1 much e.xpreasedL pnerosmas schavsd an the Authority wiahu to: undertake eush smrnguments, the P~articipat may execute eceutruet therefor with the the Pertldpant ms7 musl"n lts allotmnent of Sou;tbaaate.-n=
gws"Admlnlstr..lnn power to the.Authority far dellvoz7 by the Authority to the Pemtliclpant.
- .Section 104. Other SEPA Amnennm ts..,*The Authority may negotiats other bulk power supply arrangaiment with the Southeast.
erm Power Adzhimnifsratlon relatng to other projecI.a of the Soutoautern Power Administra-tion nuo now Included In tne curretntly .xistng conltracts bet~wee the Partcipant atd the Bouthmsatern Power A~dndhtralfon for acquisition by' th Partic~pants of their full lawful of such other projects.
The lPartfcipant may asign its of such other projects to thei Authority for delivery by the Authority ta the 9OB.. AJJocsto of Costs.Until the Authority shall undertake a future project or until the provisionn of Sections 805 or 804 hereof relating to SEPA emngewm~ta are £nplernentud, all operatingrand reain-tenant, *osti relate-d to the operat~ng and *onduct~ng of the business of the Authority shall be treated as. A'pnual Pro se~t Casts and, upon the undartaldur by the A~uthority oaa future project or" upon Ihnplemnetatloni of the provisions of &qctlons 803 or 804 bersof, the Atuthort-23.q ty s uul liocate an approrlat.
uliazo of Its.
ad geieral nepu to nuc~h 1+iuhr." projmc& an'd muc Lra'nga"m-', inder Sectio,, SO8 and 504.In cue any one or ~nrg of the pro~!mons of this Coabract hall /for any resson ba held to ba.llegal or Invatld by a court of competmn~t jwisdlcffon, it is thus Intention ,f mer-h of the pasties hereto that such Iflglityl or Inyalidity sabl n.ot a~f-t Mtan other provlalc here-*of, but this Contract shal be Construed and enforced a, If aui ifiqul or inulid provision had not been contktned herein, and this Confrect shaf be coastrued to adopt, bet not to lares upon, all the applicable provisions oI said Act, and all thu appllzsble provisons of the Con~tltat and fines l. laws of Georjl, and, if any provrbdons
!zeru conflict with any applicable of maid Constitution.
or.lawm,.tha latter amad8opli&-
by the legilatn-8 and as int,.rpretd by the courts of thin tat. shall lrevail in lieu af any provision hereof in eon-filet or not: In harmony therewith.
IN W]'TNESS WKEREOF 1 the Municipal Electblc Authrity of Georgia hbu caused thin Contract to be exrecuted In ita corporate name by itt duly authorized offcers mn4, by the hereof 5t. achukowledged that paynients made this Coiifract mar be a~s.ined, as lprovided in 5aiinm 'TCI (b) hereof, by the Autherlty to the Truatee and[ Co-Trustee to be dessunated in any, Supplezmznta Bond Re~outouan easecauriy far the payment of nfl Bends of the Authorty., am gee forth hi maid Sectloa '1O6() besse, and the Authority haa causaed Its c orpram.ta seal to be hereunto Imprusled and attestetd; the a ba caused this Coix-tctto be executed In Its corporate .name by' its. duly autboised " .aeiu and its *orporate aeal to be Impressed and attete, and deliery hereof by the AuthorftF to thu Par.ticpat Is heeb arknowleilge, all as of the day' and year first abao e-written.
OF GEORIA, BY: ...............
.................
BAT......*..............
- ........
...R ' .......................... KA.OR U DF.SCNWJXtON OF PROJZCT bililil Fadutle." The bIntia failiti of the Prolect'shall he the following:
L. Inzitil Generjton and Rehtatd Trunmleoa Tarfltlea Indluded Ln The ProJect.A seventeen and ,evmn-teuths percent undivided Interet in the two 0'? nominally rated nuclar generting units eo be liown us the Eidwin I. Hatch Units, Numbers On.and Two. (Ind~vidually d~esllnated as Hatc Unit No.1 ad H(atch U.nt Nio. 2 and callectfwely designAted ua Plant Hath] to be located near Eaxler in Appllng Cont~y. Oeorsia, hicluding or such units (i) lund delineated and durie in the records of the Clare of the Superior Cotirtof AppllnI County. Georgia. Ira Flat look S. page 8!5. and Ir the rwc~rda of thei Clerk of the SUlperorof Toombe County, Geori, is FinPt Book 11. page 34. and ill land rights pert-ining thereto. (Ii) the nuclear power reactors, the turblnae-nerator
.the buli/¢inp Ihousing the aime, iii and equipment, and the related benixn~za1u ficllthes eU aamore Pnur-culirly deicribed In 11w Application, and amendmenta thereto, by the Oeorgta Power Coupan befosa the Ato~maa Energy Cominalsen in Docket Not 5O.321 and 50.366 and the Safety Raport. and amendments thereto, which constJluta a part of such Application, (ii]) £nvwtntrimm.of zzaaterius, supptles, fueL, tools and equip ment for iusa in connectlon with Plat HaItch, and (1w) the Plant Match Ezdlua delineated and described in the rucords of thu Clerk of the ~ujperdor Courtl of Aeppllng County in Flat Book 8, jpaes 86, 87, and (b) Plant , A thirty percent undivided Interest in the two l15G 54e sated nuclear genexntlng
- units to be tzowi es the Alvin W. Vog~e lNud.] Units, Numbers One and Two (Inlvlually deslinated as Vogtla Unit No.1 a d Vol~e Unit No. 2 and collectively desilnated as Flint VoigJe) to be located hear Wsynescaro In Burke County, Gorgao Incuding for such units (I)* Iu~d delineated end described In Georgta Power Company Map F1lat *8-8-. to he resorded in thet recogdi of the Clerk of the Superior Court of Burhe County, Georgla and eli land riht permain.big thereto, (I1) the nuclear power reictra, the tn~bfnel~mne.tos, Ihe buildhziw housing the same, the isocinted aualllaries and equipment, Bad lie related bansmu lon facilities iii a. more partIcularly.
decrbd In the Applicaton, alid s~nieadmenbs thereto, by tha Georga Pewar Corn,, puny befozu the Atomic Comumisson in Dock~et NOL 50.424 and 50-4,q and the Pr.-Illmznary 5afety Analysis Report, and amendments thereto, which const~tutes e part of such AIpplcai~on, and (ID) Inventor/es of materials suppUer, fuel, tools and equlpments for its In connectlon wit Plant Vogtfe, provided, however, In the event for any reason Bond. are +not Iw-ued far that of the Poject des~gnatsd au Plant Voitle, the Caonities descdbe&Inl 1131 eubpsza1aph (b) shall not bae a 1 of thi Project.(c) Working Capital.Wenardong Capital required h 1-the Authoriy duringr constructloi on this Pro~ect and fco'Sthe plaidng of the Pr'oJet :In providinr Bulk Power Supply, 'Incudingl Supple."mental Zaalk Power S-ppIy, to an1 the Partdcpants.,
X. In[iti FsdcIg Xuli id uad In The Project.Those' fsd~tlu to be acquired and consb-actzd b the Authurlty 6urbzg then..time prior to the ComZnEt1I Operatlan Data of thu lut of the eatratfinr of ib P 1roject to ba n cmpl~dt In order to zieet IL. Iziviautazt duxt4 Imch time In connection with --7 agreement for an I at8V~ated triainlu t which the Am-tborlt. be a put in acorae'with the pro~si~uso of Secon 10 of the Tb, a dditfocal Projec ch be thos e nitloun andIm t the electri pamitlo,, aid related traurnmfsaon tacflitlu and to the treumhdon qltm fmcflltlei of the Pra SECt prod/ded for in dlaiues (I). (tU) and (iii) of Section 102(u) "of the Contract.-SC1E11ULZ 07 8RARE.F 1. PAT c2YA2qTS' ENI47LDL,~baIT SUAtERS OF TiE OUIw1UT or TEGPM~xRATl~
FACIIJTIES ESLATED INCLUDED IN THE PJWoET Th. Participants'
'Enttleisnwt 8hbarea o the utput: an ae*icin of enerlatin ft e (Lnciudirg:-t-ted facilltfe) at tbe Iroj'ec wlzdi Project tndude a maen-a tim and awam-aitba pecet untividad inietst In Plant Eatc- and a thrt perunit undivided Inte~rest in Plant Vogtk both of whieb murs more puqartlnll 4~Ie4 In thr" Descriptin ofand of the cervkces provIded hi the Authadty fu accordance with the prorftlona of Sqection 10 of the Cont~ract, bsisl for each P .allclpt be thoai En~ttlament S.arsr act forth In the of~lo Winadzsedule
' .i ADEL BUFORD" CAIRO " CARThE3VHIJEFARE.DOEMJN DOLIGLAB PLLEBtTOt 0.510 1.418 14.151 0.655 0.351 0.015' 0.5'(4.1,$18 2.256 .5.304 0.1160 0.129 2.305 V.64 1+/-,.68 0.489 0.3 69 0.861* 1.580 2..638 1.76 DA.Ta 0.692, 2.540 1.251 She, M~t.10.12 20.041 0.330 1.104 2.78T 0.119 2.607'1.101)1.84'7 Ad~tksatme
- 0.61 o.157 0.088, 0.866 2.772 L 1086 0.659 2.677 8.410 0.111 2.,609 15s GI.ZLANTYLWLi. GRANqGE M,/wlLNcs'vaLx PALSO 'wTOTJNGT*0.247 0.265 0.344 0.526 0.932 0,.379 L547 .1.816 0.090 0.089 1L600 5.010 0420.517 4.380 5.5391.809 0.052. 0.036 10.351 .11.319 1.609 1.345 0,.8.3 0.755 0.212 0.2,57 0.7i47 0.765 0.537 0.818 1,757 2.a89 0.144 0.95?" 2.29 1g.27 5.'!BI 4,3940.544 0.085 0.109 100.900 .100.000o 0.298 0,96/1.3621 2.954 0.'99 1.304 8.809 2.092 0.019 12.448 1.t44 0.320 0,928 8 .042 -1.216 4.409 0.121 100.000 O.808 0,98B" 2.152 0.294 0.496 1.105 0.021 12.155 lASS 0.402 3.051 1896 0.341 0.829 0.630 0.715 L099 0 .97*0,124 100.000 lbse Iin~til Entlt,,mant 8Share N~tiforth aboyma shil be he. Enui1.~emt Shea, for the..period .ommmndnvl th'e Ccnmmarfda Opertioan Date of ateb TUnit Na. 1 anA ending with the Com~mercia O~peralfon Date of raic Unit lo, azo*DiC~Wi 33, :1973, whlebever In the earlier. "".. The E-nttemef~
nt Sham .A.lter FfritAdjuatmuit abut be tbe Share for the period the Coca~mada2 Opeiela Date of Hatrd Unit No.!I ow Januaxry 1, l979!, *hlchleyer
- 1. the earier, an ending with the Comnaaadal Olpertieu Date ai VagI~e Unit No.1 o Desamber 81, 198Z, whichever Ia the earler." 5"he Enftitlment Shae Alter Seaind Adjustmuent shl be the8 oUttlement Share for~tha period with the Comnmerelal Opezetlou Dautea Vogtbe Un~t No. 1 or Im~'ru,"1, 198a, whichevea-fa the u*Iller, mnd enuding withl the Commerdall Olperalon Da.l~ of VogtIe.Unit No. 2I or Duember 81., 1988, whdchever I. thu earllpr.-Tie Entitlement Share t., th'"rd Adjustment hallJ be" the Entflt/ient B~am for the penlod ernnmendftg with the Comuierdal Operation or: Vogrle Unit No. S or January 2, 1984o whl~heie :. the wexrllr and endmnl 'with th las day oflu te." ti thet 271 provided howairtr.
thzt In the event Plant VotlUe kslnot *oos lcted, thm*EnhtitmlemtSharu A~ft*Second MJaahziat and thu EoUfm,;,at Share Aie Th Mjnsinment shell not be a~pUcable, end tb. Entitlament Shr Akftr Flnt Adjuatmtni shall i'ppl~y for thu priod, commanchnl with thu Com~medal Operation Dht. of Hac Ualk No, 2cor ,Zm-uary 1, 1q9'.9 wtlhohiox I the ewcler, end ending with the lert ds7 oflb tar s of the Contract;.
and provided furth that the Authority, 5zn ucordunci with'tb. provioos dt Seckion 812. of thi Cotn~ct, wil sel thu out'put.nd uavc of such Interests
!zn Plant Hatch end Plant V.1 tbi to Qooqia Power Coapzuy~in ucodazds~c with tie followingr acheduiss:
t (a) Hatch Unlt No. 2 and'Hatch Unft That Fortlon .2 the Pawu SumppS Yearr atst the Camznsela Opertionof Unit of th P:rujact Thitf Full Power Supply Year Following Corunmrdel Oprtion Data fleond Full Faowr Suapply Year Followingr Coawmozclul Operation Dlate Third Fuf Power.Oupply' Year*Fdfowintg Com~merda Data Fourth Ful Pwer Supply Year Followingr Cam~rda Operation Jato F~flh Power Suppl" Yost Following Ccmmer!a Openticn Date, SthFull Poawe Yost Following Caiaar Operation Date Sveenth Fud Power Supply Year Followin Couminre~u Opoatiou flat"Ce.60.0%25.0%25 (b) Voute Unitlo. 1 and Yog].- ~Un~t Na. 2.* To be sort La-Tbzt P'orton of te po.. Suopply Year"Remalninlr A.lter the Commercial Opermton Da f aUnlt of the Prvject * ..0 F~rat~uD]
Power UUPPIT YMt FOUownJg Commnaelh Opi-nt~on Date Second Full Po,4r Supply Year Followfnr Coxammrual Operation Date "8T7.5%Thlrd Full Power Supply Tuar Folio wfzii Coim.rcial 0p. rtion Date 57.5%Fourth Full Porer Supply Tar Followingr Conmnurci Operation Date 25.0%Fi/fth Foil Power Year rollawiug Cosmnereial Opeation Date 25.0%;Slith F.Ul Powrer Supply Year*Following Commexcial Opentoza Date 1Z.57.-uweuti,.F, NlPwer Supply Year*
Conmnercial Operation.Data.
.-Provied, however that for the purpose at deerminingr the pezunaf~e o outpult and aerrfcesa to be soid to Georgi Power Company, the Firat Full Power Supply Yma. F~lowleng Comie~r.,-tion Date, wlth Vestle .Un,,t No,.1 aall beno later than tha calendaeryear 198f4 and with respect toVogil]nlUt lqo. 2 chau'be nolatu tlan the ea/ladar ya.r ISSI, and the pe.rcentage of output and servicea to be mold (when such output and aervice arm avnaflbl far such aeJe) shal be taken from the foregobzg achedole for- the appropriate year bui ld upon.the *oaudzzede presumption that the Opermfo Datb at Yogt Uait lqa. 1 Ia Do later than tha year 1918q that the Commrca Opnwatlon D~ata of No. Ue La no later then the year 1914, maud piavidtd, finrther, that the amoant of much capacity sold to Gear-..gl~a Poewr Company shall not exceed 21% o athe Authorltj'e awnaruhip abae of the eapadt of VogUe Unalb NToc. 1 ,nd U'ovhh the useful l]fe of auch umita.1t La underto that there shall not be any reductnion fE ntlt/emnnt Shazes at the Par-tadsns reulant of sa h sals of output and service to Pawar Comapany'end eaeh Participant ahl remain liable for ite full NntUement S1hat' micapt much liubtltty ehell be diaehiarke to the extant the Authokity recalva Georgia Power Company.'UX. PAITICWPANTS' 8H.AREJS OF SEPRVICESqOF TRANSMISSION SYSTL,' FAULLIr1Es INCLUDED UI TH PROJECT.?m " r_, .tissssd..pan Entitlemetn Shres of Servies of Syta Pacfltltee Incduded (n the MPrtbee sall be determn~ed tby the Authority during inch Power Supply Year In iccur-dance with the proviuona at Section a0a of the Contract 21 POWER SALES CONTHACYF and of Conact 1 made Intoa o~u , 19'1,by mad b~iatwu.*the Mwat~uI Authot at' Oeamja. *pubilc bodyv corpanut and polito mid I publi corporatiom of the Gec ipt, berulnafter ,ematima dealpetd u the Authority, created by the puiaxma.n ofI Ga. L. 175, p.2.07, u amended, and the undtsldped politm3icnu~bdal~son at thu Stat. a Gor.gla, herenanft manatlme desnted as the .Patidpant.
-WXTNRSSETE 33 it ruembezb.ed that a Powix Sials Contact of Octohar 1, 19'1, has been priaua~y executed by and between the Authority and th Partlcipial, and WiiDX.AS, the pa.ties desir to amnuld said Contract In ce~tsn respecti.For and In eonskderaton of thin premlrn arid the mutual covenant.
an agz~ereuebt herein-afe et forth, It La .apau4 by and betwumn the partieJ he-eto us folowa: *'Sedaon 1. Saud Pow'er Baes .Confractamhal be dstqd as of bachi 1,976.Segtan 2. Section 2.02 (1) (8) "of maid Contzact h dallied Its entzety and the fol~owizi"(3) acqulitian of CnIaJturn c fel or5. n~antoz fag any, facility at the Project mud worldog ca.uta and zeavus therfor and wordnag capital nd rejrvem for taloaji fuel and addi-tional fuel Lwntorlea.".ectio 8. Sect/.on .102 (.') t said Contrati ia aumended' by delet/n the word 'Out~at" in foth toe 1thamof.* SucI~on 4. Set, on 102 (a) of said Contract Is deleted in it. entirety and the followin new Sectlon 102(o) is s~sutftuted In lieu t.e.eof: "(oi) 'Fue Coat' abalt mesn m costs Incurre by the Aukharlty durin any Poenr Supply Year tbat are aflocable to the acquidltion, prnaausinj
.l.lcattoa, tunu~portatfo., dultvurn, zrproceul...
storag. and diapoas of nudeva mahnula --d of tomUmkzfals naqufred for any of thre generation f~aclte of ths Proect, In ladgntransfers to resarva ehtablihdbyt/be~r.
Autfhor-I ro fo auch coals related to future Power Supply Yeaxu, less credits related to such costs applled u appropriate in the discrttion of the Authority.
Section 1q. Section 102 (a) of amid Contract Is deleted in lb entrety arid the following new Section 102 (a) La sutetituted In lieu thereof: "(a) 'Project' ahahl main throe electric generation end reluatd Lrnslssou 15c11itUe5 which are identified hn ths Durptiton of ProJect tad throe tzanainiuon systemu recfiInes to which referenoe Is made to the.Desc_,"pton of Project to be acquired and conrtructad by the Authoity, during the Ul~ prior to the Corojerdal Op¥ertion Date of the last of the frmnm-tin.
facllties of the Project to be completed in order ,o muet the Authority's Invlmienmt reeponslbillly during such time In connection with any agreerent for an cintepted tiuzsnastfon eyaamn to 'ehiLcl the Authority may be a party in accordance with the provisions of Seclion 802 hereof, together with (Li any, majtor renewals, replacements," repairs, addlt~ona, bettements and Improvamnerta nices-aar,, in opinion of tie Conraltiag Engineer, to keep the Projectin good operating condition or to prevent, a loss of revenue theref, om, [II any matJor additions, Improvememnts, rpair~s and m'-odifi,,atioia to the ProJect mad any decommu~slonhip or dispo.als of the Profect. require by any igovnmenatal agency~havlng jiuisdilction over the Project or for which the Authority ahBS) be reaponsible by virtue of any oblfgation of the Authority ,a-sln* out of say contract to which the Authority' may be a part relating to ownaraip of tii Project or any faci~litythereof, end (ill)worldng capital required br the Authority during conatrudon of the Project and for the~plneng of the Project In opeuutlon for providing Bulk Power Supply, Including Supplemental Bulk Power Supply, to the PartlelpetL"**
Section 6. Section 401 of aaid Contract Is delited n Its enitirty stud the foflowlnig new Section 401 Is mubstltiated In lieu'thereof:
uSection 401. The Authority will provlde or osuse to be provided to thre PartJcipant ltb Supple mental Bulk Power Supply dwi~ng each month of each Pewer Supply Vatr. kuch &zupple.menial Bu~lk Power Supply m~ay Include, butabl~l not be limited to, pax t il and lull reqlufrainent power purchass and unit power service, gemalttin capaity noarye service, fire and nonflrm capacity and enelgy akrlce, tranemsm~oca service (Including trarnshalon eervtce puxc~hamd by the Authority to supplement the Particlpant's Bntitlmenret 8ba of servics provided by.tire Authority frm those tajrmlaalon aystemsa tsfalteg Icluded In the Project) and other enhcbaage service made avallible as a result of tanmsactio with othor ullt~i. fia, leoasto to the Aquthority of.electsic power and enery purchased by the Authority from other ttrihtteu bused u~pon btriffs fled by audi othier utiities the )Federal lower Comminion
'will be dfrectly reaecded In the monthly Bilingr Statement to the Paztiprnt Such monthly Statemenot will Include a oredt for such delivery point frnalasion facilities as are owned, fineeced, or operated by the Partic~pant" 5ection '1. "Secton'101 (b) of said Conrbkct Is deleted in it entirty and the followln'i new Section (ii) Is mubtiatud hi lieu thereof: "(b) Additional Bonds may be acld aund Issued by the Authorit in accorda/nce with the provbdions of the Bond Resolution at any time mod from time to Um* In'the ewrni funds ara required to pej .Rhe coat of (i) any malarzanewsls, replacments, repairs, additions, betterm~ieb, or jmprovtawnts, Io the Project necessary, fii the opinlon of the .ngineer, to iceep.the Project to good operatingr
- ondftlon or to prevent a )oaa of revenues therefrom, (U) any ajoer additions, Imra/ovemeets, repairs, or mndlfktlctona to the Project, qr daeommlulonlnp or diap oass of the Froject, retuired bj' ay governmeantal agecy having jurisdiction over the Project
'""* ** " ... d...."' O "'".:O " A. o..* .Project or u..y" facillity theref, or rel.oad 1ue2 or additional fuel inventoay for any generat~ozn fwfllty. of. the ProJect In any Power Supply to the extent that sufficient fundi are not.avegabte tn any reserve estab~isled by the Autliority Lo: Fuel Cost,; inovided however, that no:uch additionsl Bond.srosy be iD~Utd Ior the purpose or ' nding additional geneeting unit, to the* fojct.Section 8. Sect~on 501 (c) s .deleted in the Its entirety, and Sect~on 501 (d) isrenumbered Seceton. 501 (c), Section 9. The ..atacbmmit to. said Contract entitled "fledcxptlon of Praject" and* "Scbeaula of Entitlenanai
£bmat" teouzstlng f olfive pages 5 deleted In itt entirety and thi.ecrption of snd Schedule of Entltlemnent Shares attached hereto Ia aubstltuted Ln lieu theiwoL**Section 1I0. Sa~d Contrac shall rerrieln in full force and effect except as h~eren amndend.WY2IE WHEREIOF, Th. Municipal Electrk.~
Authority of Georgia and the PVartLe~nt have wcaed Ilb Ainendment of Conbasct to be euecuted In 'thelr *orporate rsna, by ttwfr duty a uthnsized officeaw and thek corprate salak to be hereunto imprened tad attested, .11 au of the.day and ye,,fl' t above -.* UNCPA;EUn.9t.~9R 77 1 f*d '
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'*j 19qa~a pms 'wwansmti~
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,£rmnp3Ap)
'oa.,4 pu;U0 wqm~ln/ 'plm{' .Z33lflNPn,,H'.l1 U3'MP4 sql it UMoIU sq .i qs~un Iup1,uu! nU3a1 P~3U'.£[lwu)Wau a3qp.,09'W&1 p1 11 35U33Ul pUpIP~Un 3utsmzd hI'33UIIS~h pUt uU3OAIa Y 1jWH3V) (w)* ao],l1Wmu,&
p531)Wlj pu, asp (113111"1:h~loflO iq sq 1'T 3sa0l~ 43 O "S{g!3 '=")U Kr, p S unite to be known a thei Hal Wanaly Btemi Plant Ulo.t, Number On, and ?wo, (tndlvklually desiiatd -Wanilay Unit 1o. I and W~mnlay No. 2 and coflectively duulgnntisd u Plant Wmasley) to be locatd near Cmntrubatchu*
In H-eard and Carrgll Counties, Geosruia, Indudb'i~
for such unite (5) land" deliueated and described In Gegrgin Power Company Map Pile K4-I- dated J~m. S, 1912, to be recorded in the rcords of the Ughak of Superior Cour'ts of Beard trod Cef'oil.ConimUe, Georgia, and .lI land rllb pertlirhrg theto, (U the turblneienszmtor, the boilers,'the bflidhnp houelag the ame, the etak, the coolhi fecllltla, the azocltad auxnIsuda end equipment, and the redtamd tranaimludon faclltiua all as more patculeily dusaibed'fn the en-.itronmezztil Impact reatn to Plant Wazuley. anid (15) Inyintodus of nitcsleb cop-plss, feL, t~obs en equipment for usa hn connection w~tt Plantt Wa.s~lty, provlded,,howmvmr, in the ~eventfor any reason Bonds are not Imued for thiat oorton ohe? jaoct deafmuatid -Hent Wanaley, the fac~il If duszibed In thi Subpe.zupaph (c) shaBl nat be
- part of the Projec.A ta peseent'undlldesd Interust In thu four Bi0 MW -omlnafly rated co.'.fred SemuttYlunits to be ]aiown as the Robert W. Soberr Sbt,.i Flint Units, Ilumben One, Two, T'N.., end Four, (Ind/dwlus]y dedpathd as .Sorerm~ Uni!t, N 1, Soberer Volt No. 2, ~clherur Unit N~o.5 nd Sohrer Urnft N~o. I ,and *oiluctively desgnttd us Plant Scherer) to be located near Faonyth in M4onroe County, eorgia. Including1 for sunh units (i) land delfuesed end dannsbdl InGori Pow.? Compart} Map P/Il ?4-85-B dted December 191 1974, 0 ontslk approilmately twenty.sewn hundrd mate, topt/ar w¢th cuob additional Wi of apporazmlly tan thosad -am a cq~ufred or to be ecqufd for use In connection
~with Plant Soberer, to be reconded In the record.of lb. Clerk of Superior Coant of~onu'e Couny," Georgia end all rand rights pertadlnhagtlzervto.(li) thu iuzbfne-guunlo, the bo~nce the bufldinga housing (ho aamti ithe emb, the aooU~nf fcit.ieS, the" ioclale and equipment, end the nulatad tk~usmlsson faclilat era.*more putuld descrbed I te anf, urarnmentW Impact etatemn, t reangtot Plant Schear; ndln~eatosls of matnila, supplla, fuel, tools and equipment lox use I toi ecnn u with /lant, Scher.r, povldel. ho~wee, in the .evet fot urhy uon Bozzdgu areot Isued for that pochon of the Project deslgate sa Plant .Scheme, the f,,,iLtigi desaibed In th aubpasah (d) saDal rot be a pert of th Wor~ag ChplthI required by thm. Auth orft durn const-uction of the Project atd tar the pjudn; of the Projec hr operat~on for piotoddi Bulk P~ower Supply, Inlud~idng Buapplamnaute Bulk Power Supply, to dli tb. Pert/c~panle.
/'Those fatlifties 18 be" acqui~red conatructed by tii* Authortyr during the* tlzme in the CommardUl pe:aton Dal the last of the generating fac/lties of the frojic.to be completed ic Order to meet lhe Inves~mnt reapoodhll]ty during audi tune in connection with any epeemant for an Integrated bzlnnmnIOII rytetnl to which the Authority may be a party In accordan.e wi th l prorhnos of Seti*on 802 of the Coatract.The eddlUonad facilites of th.e Project sha.l be thee. additlop and inaprovemento to tire electec g,,,ertlom.
tnd related bauemlsrlon fadltluaid~'~
to the benzrshon eyesten fadhltis of the P~roject provded for In causes (I), arid (II) of SectIon 102(s) of the Contract.8 0* 9 SCHEDULE OF EN'TIT fA .L PARTICIPANTS' ENTITLEMENT SHARES OF THE OUTPUT AND~ 5E2LV1CE OP THE GENERATING PrACELITIFS (INCLUDU4qG B.ELATEfl TRANSMISSION FACIITITES)
INCLUDED ZN THE PRQJECT-The Partcfpants' EntUlsment Shares of the output und ,erice, of thu en ioaaln fa,,litin (Including relatad tunemlsaon fahi~tie.)
of the Projeet, and of the uerice provided by the Authodty in accordance with the proviajon of'Sectiorr 308 of the Contract, hallD for uch PzrtJclpmst be Chose F, Cntiement Shaxus uet forth In the following schedhule; provided, however, *that In no event shl the aha.,o of any ?artcldp-,t be lear than that set foxih in the following echadoue end psovtded, fur-ther.
that In the eaent any one or anoue o the pol~luI eubdWvieon.
Dated In the following aehedule shl niot execute a Power Saies Conts-zct with the Authodty, the nt Sh ,u of the zeinedlni Pa,-ticipants.
a such Entitiment Shazu ure net foroth in eech column of the fo~qi.wng schedul, way be fnaeujed pta rita by an samrm~t not ezceeding fifteen perce"t of =uch Entitlement Shlres In onder that the sum of the t e~dnnlz~Entltewent Sha~ree In each of the, following columns when so adjusted shall total 100.O000: NmilawJ~nt EaUthrnt 1.s~d .,t 2U1motelnt Pfret Tha OCOT .SI0 0.644. 0.618 0.614* 14.151 22,468" 10.412 10.0411* pAgNEVIIXJ
..0.5 0.469 Q.499 0,81* LA 0,981 0.960 0.,86 0.809 TOWN OF RRINSON 0.065 .0.055 0.088 0.085 BUJFOP.D 0.674 0.551 0.680 CmA, I1.81 2.6o 1.807 1.71!CALHZOTJN 2.6 .B? 2.753 CAI*LLA19i
-1202 1.104 1.088L 5.217 s.86 6.197 -5.173 COLLEGrE 6.J04 (27q8 7.409 7.665 CO].B.C 0.160 0,632 0.945 0.617 2.515 2.588 2.687 2,8T7 CRISP COUNT? 2.548 8.258 8.86 3.410 DOERU?1 0.129 0.a26 0.119 a.11 DO.UO..tAS 2.806 ..640 2.607
- 2.609)SAJT POINT 7.66 '"2 "~ 6-376 ELDERTOk L545 1.981 1.847 1.850 FAIRBUPN 0.94* 0.526 0.558 0.564 I!72QOE.PA7-ID 2.899 2.7t9. 2.860 2,912 FOR-SYTH o.832 oM 09 o17' 0.898 FORT VALLEY 1.641 '1.816 2,562. 1.5640.090 0.089 0.088 0.012 GRFFN 8.100 8,080 2.9bi 2.382 ROGANSYfl.LE 0..3a 0.303 0.2.96 0.294 ,1 0 C L&I MARIETTA MONXOE TNOILCR&S01Q*rrMA1TTO TA.SGTO 0.542 1.539 4.130 1.527 0.051~0.Eul.1.509 0,Z.82 0.95'7 1.757 0.944 1.299"5.'788 1.018 0.561 0.096 lO0.000 0.517 1.618 3.99 1.209 0.026 11.519.1.422 o.284 2.985*1.545 0.B33 0.297 0.78'5* 0.818*2.539 0.286'1.217 4.894 0.994 0.109 100.000 0.499 1.504 2.082" 11.448" 1.444 0.989 8.011 1.583 0.55*0.TZB 8.042 1.216".4.409 1.08L9 ,0.444 0.121 100.000 0.98.1.605 8.1g8 2.148 1.452 0.402 8.061"1.598 0.541 0.19 0.680 O.775 8.089 0.975 1.20 4.282 1.052 0.424 0.12 100.0o0"Tha 1n1t*1 E, tlasmant 8ba~r uk forth abbe ahz~l be' the Entttmaznt Shr for the period commencing with the Conmmercia OperU~on Data of htc{eh Unlt.No. 1 and emzzdtn Decembar 31I.Tiha Entltemhrt Shaire ta Fist Adjustmenit shall be thu En~tiemwtSise th'perod*ommuinclngfJanIuyr 1, 197/9, an~d December 81, 1932.REttlament'Shai "After Second shall be thu En~tlament
'Share for the period comm,-ncng Januasy 1, 1983, and eimdlng December 11,1133l.'lb. BUtlaienhu Share Al Thrd ,Adjust. umt ahf be Shae for the p*~od commencin Jnuary- 2, 1984, and ecding with the las day of .ther fteC ona Thu accodance With the prnvli1rn of 5ecUon 811 of the Cotnbuc will Sells por~on of the output an" .ervku ofuch widivided lntern In Plant Hatdi. Plabt Voit~e, Wanalsy, hnd Pln &chur" to Getorgia Power Company In accolrdmnce with lb. following 0__________
e_ Ga. IVaw Ca.ThMt lort~an at tu Powur Ymxr Secood Full Powu Supply Yur Fo~lawlnl Ccmnda3 Oparatica Data 87.5%ouTh.rdFull low ec 8u'ppy Ta" Faliawtng Operflti. "ate .o Fcutb.Ful Power Buppl7 Year FaUowtur OamdsJ Opet'atlo DLt" Sixth 7.9 Powar Suyp, Year FaowImvg~
Camna Opautioi Dais 2 Bavath Fall Powar snpr Yami yoaloowln Cwmardhl O~ea'un Nt. l2... %mirof output a~d s~ak to GImaI1L IowIZ Conmpary sad each Pmztidpant
'blul izinahn liabl£01 it fUll Etrant SheW except ic U-btlit 'bal be 1o the ataut thut ecv paywait from Guorgla Power Company.1I- PART/CIPM4ZTS' R4T'ITLTIN SH-AELZ OP BERVICES OF TRANSMISSION SYI1l'I PACUA'ZE IROLUDID IN T8R PROJ.CT.* pdtu ahali be dilarinlnd by the Autbaoy duing each Powur Supply Yesar fin m-with 1he of Section 8080 1t t. Contkact.B I' *1 :SALES CO'nTIICT..MIJN.aAJ LECTRI;C " oF GEORGI* ThE UIJDERSICNKD PARTICIPANT.Thla Svcund ..mrncdmewmg ur Cuantrlct niado and tuacred Intoa s ur' &fa} 13. 1iT;. by" sand b'en.a die El.cctre Aut.un-ir or a public laoti, co'prmta antJ pol~tic and a pubifr. curptatrn on tiw State of Csur;b, hlr..nznatW soarnLtane dailpuItd u tie .Autlrity., aritdiy of 1 Ga-' onirtnes drsIlrledal s theI Participt, ..*WITNESSETH
- TH-AT; ..U EI itwuanmlwred t.11 a Powur Id on bath ui da Mrch 2, 19, e, WI the ]putlr dezwe to znand ,old Cimit-t In certln ftiptta For a,.d In ecmedmtlam or tl'e prunisa aind at] mutul wve'nan(s andl lgrenm, Imt hrfnltna'lr let frorth, th aul/fltc2i of wbleh Ii h~ereby, aeknmvltadpd, .It Is apoed 'by said between the hereti mu tolow'a Seeden I. Subkatfn 1D2(r) of said Po/uj 5elie Contac whauln 5hwr" Is dq~flne La haawlq delete In li tl oert...*Section 5cct/. .400 or geld Contact La hercbr deleted I lb t entiety s ~zaidcFllowing new SectonIa nlzbimuteeIoneu ihereofs"Sectlon 403. Supplemental Thlk Poiw Supply" Taswut By Paztcipant.
Tbe Purtkpont
_shellt~al ull of its Suptllemer~l Blulk P owes Supply hurm the Aulhorit and ihall pay to di AuthordtyIts ahare of Minnual Su~ppuc-ntal Coats set larsi In tha Patkclpnt'e monlla- St/ng S~taisuit u *"dclamilned Lan aiurdsne wit Oat ftngnlpg pro~lons ol this Article IVan. ,o burittd bhy 21w Authority to the Partrl~dpnt." Section 3. Sad Amerndment shall he dfeecti for tach, Pa.ticpant cir the time of the !Ls},, l9.a meier raadrnls.
The Authority i, hoive'rr.
iut~lar/lx~
to ma't adjxutoenea Iwn, ior&I'n. emptal to, die pirludl Irma 7,1977, to i e dote or this Amendanewt to off.se4th ili snirt b;. wlich the ttatl of any actual b~l~lal dur.ing such period eaceeded what Ii totsial ofucah bltlmnp ,wold.ij=yo beta under the W\ -9 rate. aaid adf'uzbwimts to b " a mt of pows suppl' de~zlopmmu.
Sectiom ,4. Sard Contsazt shallremain In luU bate and .uffgct u hereinema d.I
'.'..2, ".:. ?; %" *R 2N WJTNE33 W~1~1'EOZ Ti~c ~i~o~po1 £k~i 0 Dr ~ ~'..4 i1~, Pad4~iit ~ve caused ~bk S~nd Amcndmej?
af Qmb~d t~ b~ cwciucd In tbe~r corpot~ta r~mw by ther dtly.L1uf)w4~d dljcai 8~d ~ ~pOr~ s~'a!~ ta be ?~e:curn~
Impi~cd am 3 t~s~o~ .11 of th~ clay and* ~dU&IC1PAL ELEGThIC AVTHOIIITY fl~yei-r !bit Sbovc ~7IU~-GEORGIAoV' AD., "GEog~i3/c~n7 /~4dP4jie B THIRD MdD4DMDr POWE.R SAE coN'rRPAcr. T* 1 ThirdAmaantn of' Cnlac.-t and anaumd hlz ii of, Pbu~y 1, 1971: by and bat'waa the Mhxu/*.ld factr',o MAba.th~t of Caotat, £ b*~ a llf and p~Idc dauil mh ctponiufc or tt Stauaof Ceazula, h.ruhaf.hr aontm dapa u thi Aualzdy, pmatad by the at!T GL -I'S7.p. 107, u ija.md, and thi zmdaurnpui palikai mabdi~~d o" the Stats of Gmaqla, bhauzahaTr iniathn... WlTNE3S STH: guoaait bazud tbtt: Pawn Salia Coniac't an a Ajt n djt, la datod ii a 1,iTv.-976 m-o-AmhmtdtdUo Mary ii, 1977, kid beau prndoudy gucuatd by maid bu~tmaa she MAhrn/a md a falon Amtazimit:
dtid Wi ,S szJd Co~tnqt that may ha ' lulam by lb Mt t to po- .,Ldum lpwt of it' Nutkialt'a biafl ggw ivqidiueubadau uIt h auw, domasei mad dzadb/ by lb.b A'thOZ .tha the AuUiah ,t u~qzut adItlomI ieenu cal pgI. Us pimid
- port of W~iIURIA, the d,,tmn.lned to ,apt IBIo i Piojast Tw Powua Sel~nia C'b otfuu dat ydu/ gl md l~~c rmvo refond to bedow sad In maibi. Pma*ldpmnt ia uUw aputpt madA wiatta WM!AS Rh .a* mai dealtbh to aud the m~t laoir Shn Caaibauw, t id u Bah 'uto uable the Auihodgy to mutzblh rnta, and e~haipa I 'deznnde to zUsgsrm t mam on* mbubd hb fa r' Sapplmenutal l Pauem Supjib mad di output roppilhi fr~m Pr '/ a mat anyqP~fiam'prrtjmcU to' wJhI Pmz1dg'ai roy @eauS q anu to th tuintdon with tuipat toha ouazt put adurdua afih Proje-t tamsauir.NOW TEOR.Z: Pmr ad La ccamtaldsu at ofs AImprilm aid the muua1 comu~tat mad esre. ante heuutalt, mt focmb the of w/3 S.bemby lmnl cimewhdpd, t/ae aprd b~y and th l~uduhretolml u fmuawc I.t et 102 thu folatdng daatfai:.(a) "7gjact Two" duff mama lb. Authai.y's accond project conszdpI orddlftanul Undsdd hiarai ha.7Iaam Wanily and Scham.tacq~dnd puaniant to a iyda apwamtan~t urrthw Gaaia zpy datad au of Anw~t 2t7, 1976. u liioth ihsazdbad In Sec:cn 102(J) of lb thaFgot Twuowa Sl, Contant.wpj Two Powa Sai Contiact" ib,! m..n that nstafr Coatnectdad u ottba data huiuf'b.i. Jwthrnrty aund tba atkput u she um~enay be a.,andadto fb~u~ to thUr 4 w ualtlal to lb. paov1to of output mad rulatad sardc.u (oan Project Two to t lfm S~a2. ma Power Coiac~t, a umnded, funhu~ by ditln 401 In ha enutty and ',/bltuwuni In ]ha5l dias1or did fowlsq new Lastitna 401:4sa1. Sapplascnb Buk ?wurSupply Pw~dzs by Lila Autbod,..The Auth'adty ill pautda wrcawa t ba protided to the 7atkmt Its 8tdpplanta Bulk Puwsr Spydurtol eachb month of.auzW lowr Supply Yea, Sur.h Supplamt~s Suppl' may In.cliid.o but duin not ha IkhaId to, pastla arid If nqul~uaata 0 pow.: purchaui,.
taa it poet: sarvio, rims sai wlo.Ba., cap~ity anid sna:ly, u's, bi,~z~on mica (bncludln tartc piazohaza by the Aniha lo.mipplamant tb.. Far tkpmnt'a .tladdamnt of't~iftllO aaa,Sa prutidad by Liii Authodly rr tos trmantan1/sgu 57dtm faldaa haludid In the ro*t) and othut intuzc.ania w, da msi anlahhu a zmink of iuamatone w4J othar saku 3. Tha Pout Cwil, s.t u unanndad, Is barclay by ditld 5actI~n 402 In ha pnatiay mad aubamtfutln 1 In thubmuo the t'ao~o na hy 402:* 'Segtan 402. Rat-- d tbua, 1 fm Sui~ueaI nufd k PazSupply.
- (a) "he Aiathouit may coutbine dii Annua SupptaanltaIComu with the anua costa of zay Itjt~u pzujct.uoaulnkm b th, Azahdty. ba-baiJt lProjec Tyr. fot wbjch t/e Pmnd~mt ku mzaimd a contact fbi. th output and nalthtdainica thurcot. for upapo of iatta mad dia ,a or thu AIuut~zjan ai. ehllzh tor ui7 af'ach coat, a o, n tar0 uupanta uta and ibigu, tt tii of the Aaithodi, In aitbec cas In acor.ian=
with tiii lrOatona of' Socta 402 (b) ba.a (1). The Audtority wi aitlahld mnd maintain and nonilrcdnuhatozy usta aadtlwpm w wi1l provdes muuaa that as wirdant, but onl sufllant, tn piy the Annul Suppluani taut,, whithur om sot such Cciii usa the m d c.nu of aajeo pmujati tma~rtae by tia.Autbadl¥. lndu .?ndect T wo. for output and sund, s of whc the P mrddmnz hajaxani d a cam.t.At() s=dthadr dshu -k ,tbt a~nt a inc atonib duda! n Iuch Poet, phy yarib puvfd-In h Purkpant with'a DLl Swuuutt tar mach mont in the uSia t I'chews*atublldisd pumamal to thu fonlgolau .proidaus of thus Sucto 402 [fi ta Iiuppleanmtal Pb~w.* Suppt. Suc mmuty huh, 1 Swmnt '41 incude a ca.dt mach di~my polat baomdnaun tadldae ii ae arwoad, inano.d or opietad by di Pfu~lclpmmL Such Erlflh$.iatanant ahal he paid by* .th on 01 bfore the liath day hrsam dar des. ot~uch 1W.. Amount, dna mo nt pai bydi?aldt ona r batow amid data dialbia bm a diltfoag rhaip of roti mo4 pta month/' en, ea month, of (suction ha.! unal thu uauaut dial ta paid In F At the end of Pose, supply Yasr adjuanmums o/lalliap sk.l bqade. Inb a. coadsa with the aaftoaca1ou 209 Isrn! tmztIltt qt~ y.ta~lu~ tutu aind ch.gpapulp U mat to Sutcon 402 (m) baetaf*to aacov~r an a combined baul Annual SuppLamuntai C.als and manna curia otra7 httas amdislaka by dii Authadty, PgJ~t Two, 1hz thu. mapt and ,,ia at ulhch thinPrlhs mazcwud a ti. aalnhouy will LdmntL' on di. 8tanmat aubadd byth.anhd'7to dii ,P mrticpat ptmzaat W Seftton 402 (c) bmato that mutat of thu ra'a'a to ha ra-ealvd by dii Antkodrty buor tha ?aailcpmt piuamat to murb r~au aad rclwpa that I. allouable to tieatrontly Annual .ta Cous.. Luch amount shl be the uew.aea to be recelved by 1-\'0r/Y 1a3";
UBI1~L~ 2An~UIUIJ JUL pus 1 Ctp r4ijo p~z~ pus pn~z~oq @iu~'aw~ sq ~i u~wis @iaz$ios13 put aiaiw 6 p.xpoIpns
£CDP £inp £q "we ~-'~ 'Pci ~ ~ 01 USz1K~O~ JQ S~PWWV PS s~ pams~ aur~ :Indpflhud G~fl pus w~io~ jo A3~1oq~ny
~~J1N1~ P 6 F~~~1 SILL '~O3~IM ~I~LUMN1~IpU~UL U2134 ES ~ pu ni@j ~nj a~swj1 ~jItp 1UIIUO~ PFS'S~P-*'~z~uo~ ms~'/jt 3~n J~p~n1~~ I~2fO1d pOUW JO 3JEUj WI4UJfIpfl3 ijindppE~
~p a~ pvp~ ~ 5~"~' ~~V1SJO J~w2Iu ~' APOOTTV itD £q p5JI~~3J A~jwnt~i nuws~ jm& ~('is pa, pig uw4 jnimiy sqi us pmuu~ sq 'sjqsij~U~tuiXa U~p 01 P'{' EUOf~3Uut11 JO flJU tp~ twj sp~oiJ ~s4~pw uu ntwdppnj mq~ ci 4ddn; ~aoj ~ ~a~o ~1ouofl 50 .jqsfl2z sJ~w u i~ igtval m peinodx~ eq~q!ivs13i hZS~ uop~uiftihIpiis Luu UO~2Z~STP
~1I W .i:*auaq~u
',uo 34uZ~ JO sn~Ig 1UmU.~2~U3 Id~Id~1A1d .~ ~ ~ ~ Apids~ i~i~s aSuzw~i pus ~iw'fl~jft c~sjw pGtL1t~v QICLCIO.uon~g u~s~id Iiz~sqwnuzi
~q ppu~as zaqzzrs F~SZO1(q)I1~W~nS asa s Iu~ppi put 'C'fl!C ~p~o; ~as EiqiipJ ~au1~o. w~p aj ~uw.Md e~zd puqelJ'pie Lgs jo i~jo daUikd 34101 /~1PQ4I"Y
~41 LQ P'1I~IP WU 1U1~PPJ5d
~P ~J ~1~I1~V 5~~
FOUATH Tnia Jriw=h Anend-mnt of'C.o;trut. , .naa m u~ter tto u. ot Mk I. 1S0. ",y sa betwen, th- Mukfdpal Electri Authori of Ogogi, a public body carponta and Authoriy, =uste by the prcvlalonu of I Ga. L. 1i575, p. lal, am sm-de4l ari th- udn~dgn politIrcal uubdivtdmu of thu State of' Georgia, beru.nfter zozoetmta an thu ertic pun.t.WITNEBSS!T H:]5z it rememzbered that a Power lila. Cootrat mai an both dated amc azh1, 11J78. a Stcond Amedl~'met dited mat lua 28, lfla a Third/ .Amenldlmet date.d* tbrumay1 131, have bulleen FSYvIauzl executed by anld between the Autesty uit the*partlipmnt, arid W13IAS., the Purttclpurt mod the Authority hae dutazmlnd.tbat lit a In thtir beut Interesta tO mail the Autb~ordif-Uintrest La Uulta Thee mnd Fo In uacb of Projtct 'Ote and Project T~wo aimd to adliom generating[
capai:::ty "ubltanttaf17 eq to h'lnvuta jo sod I n accordance with the pruvzlma of the P~rojeo Thrum Power B~lae entered into by the Pauiat aid the Milhorfty macf the dat of thuJ AindmaInt; anid Wn3ERiZAB, It I- neemeur7 mnd daalzabl to a~mend the maid Power 5.1.. Contract, eon-ahstuzt wth the ;Bad Pleeoutuoa, to (I) rsdfn the ProJeet moau" to anlud the interets La* Schene Unitta Three and Four which are to be dispose of by the AutbOz~tT, and (II) to reviag the wrhedu~a of saes of output and uervlcu r~m Schmrer Thdtm On. snid Two.For arid In acnalduration
.0 the premla.. and the mutua ovtnanta.
mrod agreements hera-Iatermt foth th kUffidancyj of .whi.lh Is hereb:y ackniiwledged.
It h a agree b nd betwem Uactfan L The attarJhment to the Power Sales Contract entitled VESCRItTZON 07 pEOZCl"] S5 u amended, 15 L~eby. LtZh amnded by dilating UNCKon 1(d) In Ite en~tirety r mabatftutlog
!, lh thereof the following auctio I(d): ' ""(dl) Piart Se~herur.* A ten perc-,,t Ui~dsvde I,,teest In the two 810 MdW rioitntef, ritld eoal-fired igenerat~in mum~ be knorn u the Robert W. Schrn Steam Plant Uoftm, Nmbens One and Two (la-dlvidual7 designatted am Seherer" Unit No. Oam au'Sher Unit No. Two) to be near Forat 1n' Monroe County, Georgia, incluadlgIn i suc h unite (I) land dalfe luemd and de-acr..ibed In Georgia Powe r Conmpany Map File N.'85,J dated Dece.aher 19., 1174, contain~ng approxtinit*1y twunty-w~en 2igndred ,cru, tojather with suth additional lnd, of approzi-:w~t*l t-,, tlwiidn wart acqnlrd or to be Lequfrsd tor zat in can*on with Plamt Schaera, to be recorded to the rueorda of the Clerh a! Bupalr Court of 3mxoe County, Georgia .xd ,11 land right. per~taining I tito, (Ut) the turbtne-iario' the boflara, the burldlp housingl tht aae, the alat.l, the cooluing fa,,l.tfe, the usodata aulfari a equ.l,.ant,.
and the related transm~sto faciltle, aTl ii mwe parilcularly 4.czibed in lb, envlumsttI Impact etatment reltilng to .Plalbt Bcharar, .(UI) lnv.~tories at inatell,.
rupplies, ul toolsa and equiprnect f or zee In connaUon Wfih Selierr, end (Iv) a~n amount cijual to 5.0 Sectfon 2. Th attaahmzmt to the Power Bales Contract entitled 'St~ULlZ Or 3(-T£rJxfT .AZ , au amended, Ia herebyj furthar ainaided byv deleting PlantSar new schedule at aalu of output aUi aurvicem to power Company fim Sceiar Units One stud Tyro uiollowa: T/he Authoit, in accordance with the proviju of Section 311 ci the In*oiuda to aell a pnrtaon *f the output end earvicee of the Proje't to P'owr Compan tn ac-cordance with the foflowlo' sedule:.I That of thu PowerSupplyYea RzmalnIn5 Afe thu Oper.tion Date of Sce..era'Unib One or TWo Flt ull Power SuplyTeyarm Fenov~ln Couziedal Operaton Date" ThrFa PowerSupplyYea Following a OperationDate Fourth Fkf Power Supply7 Year Following C Operation Date Fobllowing Comrudal Opertion Data Sixrth Full Poe Su;pplr YearComrca O rtmtonDat.
Seventh Full Prom. &zupply Year Foldlowingi Conm~rdaI Operaton Date Eighth lul Power Supplyv Year idwiiCaeid*I Opeat-on Data Nithl~lowernuppl'Year.
Following Commerchal Option Data .
'o0.o0%.,0.0 50.o0, 20.0.%28.0%1nn~The ny inV Ito diseretlon,, ertabliab cumelay commercial operatio dalaa for units ol the Project for the purpose of the scedule and da-t. may be dli.of the Coziract.
The establlshmeant of the foegoing achedlel Ii not Intended to limit the power ar the Authority Fanted 1 Section IIlI to MU1 and exchange power end eneargy from the Project. *2 W1TN WHrEOF, Tbq ,Munjcjp, Authorhty Georgira su~ tha -pomat have Uih Fourth Mutendznent of contra! In be vcmuted in Uhefr eorprat. Jname: by their aut~orfd Offlcure iIa1r *orporte 5el tD be hereunto £rmp~eao an4 at-* et$,2 ad lf" lnaboyeit~r, MUICP* °E hC tmO"T ITHAMENDME rr POWER SALES CONTRACT BETWEE SMUNIIIL ELECTI AUTH^moRIT OF GEoRGIA THE UNDERSIGNED PARTICIPANT T ]his Fifth Amendment of Coatract, made and eatued Into u of Novemnbe 16, i913, by and between the Jvlunidpal Elact~ie Authority of Georgia, a putbli body eorpourt and polilda and a public eornpoeatiO of the Slt.t of Georgia, herefnattnr soemdnie designated am the Authorfty, created by the pevitions of I 0.. L- 1975., p. 107, as amnised (Tide 46-3-l110 .C.G.A.), and the widersagegd political oldthe Stats or oSOIrh* he~re~nafter smmetima~s dhlW~tad las the Pati~ciptat.
WITNESSETH:
iB it rememb~ed that a Power Sales Cont.rtot med an Amendment, bot dated u of March 1, 1976, a Second Amendtomt ludtdu as' ohMy 25. 1977. a Third Aznodmui[xt di tad Feblruy, 1. 1971 Sand a F~ourth A~mefldumet dated May, 1, 1910. hive been previously executed by and between tii.AUthority and the Prticpart; sad W the Partkiciat and the Authority have detemin~ed that It La In thei" best interests* that the Authority undertake a l ouzt/h project las accrdance with the pruvioshnof the Project Four Poew= Sale. Cesitract entered lnto by the Par'ticpant and the Authority us ofth.= date of this Amend-mont, which ii reason ably exrpected to rez'alt In a more econuwjcal oyerall Bulk Power Supply to the Paijiciant and other political auxl.,bdhons contraedztg Witha the Authority' there.fore by maklnj the ou~tput and reLated sconces of.Project Four available to th Particpsant, ad by roa.Unahl the Authority' i *ostain ales of the cutput of the and Pro ect Four to oth=r utilitie whi~ch Is Intended to lmprove substantaialy sho matchbing of thu output of both the Pro~ct and ProJect F~our to the Paztidplant's Bulk Power Supply requkame'nta; aud WHE:REAS.
It Is neessarny saed desirable tO amend due's.ld" Power Sales Contnsct.
consbstenat with the Bood Raolmzdon, so as to revin the schedule of aria of output and anay~ce from Vogdle tlit No. ! azid Voguel UnIt No.2.NOW THIORLE For lad In canilderstJo of the premise said the mutual eovenants.Iud sarsements herelnaft(a set Ibrtb, the aum,-eecy of which Es hereby' ackuowledgd.
ht ks ireed by tad between the purt/o hereto that uuld Contruct Is amended ma follows: Seteeoy 2. The etlathmenut to the Fuwer 8311 Conlrate entitled "SCHE.DUL.E OF ENTrITLE-MENT SNRA-l]t m , an ame~nde, ii heeby furth=r amended by' daletingJ the rufuenc Co Plnta Vogue fro th. schedule of sale-ofatotpu and senrvices to Georgia Power Comtany., an addin. anew schedule of sales of output and servica to Georgita Poer= Company' from Plant Vo511 as follows: "The Authority., In accordance with the provialons of Suction 311 of th,, Powe.Salea Coaitract, u amended, ad subJe.t to the proudaosus of the Alvin W. Vogt/o Nuclear UniteN'umboas One and Two Purc~hae, Am-"dment.
A~ulgment and Aasurp'dfon Agrwmnnt, dated as of November 16, 19B3, between Geor~li POwer Company sad the Autherlty',.lateeds .to Eel t portion of the output and mcrvlc, or It. Project One awuerubip enthzleinct In Vogule Units ?iumboar One and Two to eO~rgia Power Compuny in at,-ordanen with the following scehdule:
0.8"A. Au to 77.966'A of' the output with the Authorhtya Praoject One ownership entitle.meet in Yogz~e Units N1umlb.ra and Two, such sale shall beas ufoUowst haue Sapai), Wer Cset _That PQ~Itlo2 of' thu Power Yeu~s Aftor the Comm* Operat~on Date off a DnitoffPlint Yolile "50.0%Pint Full Power Su~p~y Year" Foltowing Coimmea1 Operadoa Datte' 50.01 Seondu, Full Powinr ,.upply Year PFowlelow omerclal ptratloa Date 37..51 FThlcjowFUll Power Supply Year .Foiolo Cammert Operatica Date 37..51 Fourth Full Power Supply Yesw Following CommuckidOperatlen Date 25.01 Fifth Pull ]Power Supply Yes., FollOwhng Com~merci O 25.0%FI! Power Supply Yet., Folowing Commrn al~ Operation Date 12.551 Seventh Full Power S$pplgyYear Fo~iow1ng Commercia Ope~radn Dae- ,. 12..5%"Et. Aa to 7..1451 of' the output uisOciafe wi th e Authorftj's Project (oe owoershp merttib-ment in Vogtla Units lNnmhen. One and Two, suc saebs to Oeoria Power Company aheil o equal to 1O00 of the output and sevcu beginning with the Cnmznucll Operatleu data of a Unit off Plant Vostle end continuing unti the ant of the fourteenth
[full Supply Yea r f~ollowing the Power Supply Yea r in which the Commercial of uc Unit T M C. As to I4.6191 of the output usoclatud with the Authority's Pr~oject One ownership enttlec-ment In Vogtle Units INumbers One Lad Two, such sals to Ocorgia Power Company shel ho'equal toof the output and serndcu beginning wit the Commecial8 date of a Unit of Plant Votlte and shall CDOuJ¢ until the later to cocur of (l) rcetismet o~fsud~sU.Unh or (1 the Izst to occur off the latest date staled [for the payment of' the plndpal f floods or of' prvision being made [for suchfa ncourdauc with Section 1201 of tb. fland Kesoipstion."a. The of she schedule I, net intended to limit the poe of' the Author-ity irauted in Section II!I to soU and aezlngo .poer.u and ¢nerjy hum ]Pro~ject 0...".Seetlois L Thne hfoll/inw ngw section to be known as "Section 213" is here~by added."*Section 211. Resale Co'venant Thea Participat agrees that it will not, without the expires written consent ofl the Author'ity, enter Into Jay contrare pusu'ant to which a noneneupt person agreon to take, or to taki or pay for, power pu.vhazed
[from PrJcct One. For purposes of the precedin sentence, "noixzempt person" skullnmean any entlty which Is not a state., tmnitozy , pnsse o of the United States. the District of Columbia, or any political subdivisiona etorof, and which Is jot ,serapt from etaxato under Section S0t of the Znterua.l Revdnus axe ol11954, as amended." 2
'S..W IN WI:IFU.OF, the Mi:inicpl irlccro Au~hrty at Georgi, and the Parilcidpit bay: css lJFrhAedet fCa~c oIa the.. ax-jiorm by he duly '.authadz/ad cbi r orpc.uu to h. hueuoi Eprcsee4 and atiated all of udat)ICB.* Brt above wyltee.MU~cnPAL.
IL~CTRIC AUtOrI~otr
.~OF Api~tuva AJa To For-,^TT: A Saerctary.Trcaztwe*Ai To Forii S $ ., ,oaf .azwa 1, lESS. by and thea E l.*rl MtlboLty of Geor-gia, a publio body wzrporata axi.pali az a of the St.ate of Georgia, herminaf tar somratime referred to as thu Aitbority, oreated by the proviuioc.
of" I Ga. L. 1975, p. 107, as ainded [Title 45-3-110 O.C.G.A. ), and thu tondamLgn,, po~ltical aubdivimion o-f the State of Gszrgia, heru~iiafter socut.jiI3 deuigna~ta WIT N E,'S May'25, 1977, a 22izrd dateS Mrii 1, 1971, a 1~mS-date Y a-j1 , 1980, an a'ZLti~t, A.mdumnt a~ta! as tbvunber 16, l98I, have all been mixecuted pravioily by and bet~e the Aaxtholtthe City of ~Ozd= hiatch haa pr.VIO.ly
- receved its 'iolesaim'povar supply fro the City of Cowintgon ha.it La i the beat interest of the ]7uthorlty, the Participant.
and Oxford for Oxford to boau a Participant the woitioa of a t1vamr Sales Qnatzact.
0.Ior and Lu of the premises and the iritual coveaat~s afr5 agreen~nta hereinafter set forth, the au~ficiLcy of which is hereby a~c oiLedged, it is agreed by between the parties*h~~etn that said Conftract in forther miae am follow.: Sectlon 1. Tia 3ittri¥ is" he~reby aiitbirha to enter into* o .* o -a Sales contorat with oxfr in t'form o rSale Contract, an as~it5e, with smch duarg an be required.to uak auch ~otract aplica~,1s to Oxfor, ga~A to prowits Uxord with an EntitlezM~lt Share .ot 0.!19, and an appropriate Transmission Entlitlenant Share calculated in accord]ance with Sectons 306 of the?rSales Contra-t.Section 2. Autherity iLs author:'ze~
to a
- of Oxford's Rntitlemsnt 5hare from this Farticipanit'a TJntitle.uent Share pro rata with the othez .Partlc.Ipante approving thins Sixth Aw~fnt.Thu8 PartIcipant agrees to ccatime chliated for iru full !ntitlemnt Share without deduction for tbe pro rata portion assigne, by thu Axatlority to Oxford:' Proside bewu, that.the Auhoity heeb agee t~hat it will tak all necesaryT action to enforce t1he payment of all suma aue by Oford for .-its Zntitlinzmt Share, and this Participant shall receiv:e creditt for ita pro rata Section 4. Thls Si!xth shall beco effacttiu wie~n* such a~nmn.t has bean al~prcvmI by Part.icipants whose 19855 TraMsmte-elan Shares represent ii the n jaggag , zot les thta 75t* of the total Paricipant.'
Tran.5z4eeio.
Enittlement Bhazes for 1585:
Provided however, t.hat th~e .ezvice to Oxlford ret.coact~ive to Jswnax.- l.A 1986.HXIIS~8 the Eler~ic A.ulbority of.Georgi~a and the Parti/cipant:
have caused this Sixt~h ot Contract to- be exoz& i. theii.r~O mt naes by their duly aUr.1x3, officers an thi corparate salt.l to be hareant~p
/.tresidean att.tttd, a3I as of the data an, year first 3k12V wrlt+/-Si.N.1~
I SEVENTH POE ALES CONTRACT&UJNcIPAL.
ELETRIC A IThoiY CF EOReA-THE LftcERSrGNED PARTICIPANTI ThIs Seventh A, endment of Conitract, made and entered into a. of May 31, 1989, by "and between the Municipal Electric Authority of Georgia, a public b~ody corporate and politic and a public corporat~orn of the Slate of Georgia. hereinafter aomatimes referred to as the Authority, created by' thg provisloils of 1975 Ga, Laws 107. as umended (O.C'.6.A.
6 48-3-110, i_....), and the underlfgnied po.litical aubdivlsi~n of the State of Georgia, hereinafter
"' soemetieswaduuig~iiated as the Participat.
" I IrNESSETH ESE it reim~berqed that a Power sarlee Contract slid an A, endienlt, boti 1*.'dated as of March 1, 1976, a Second A~mendment dated as of Mtay 25, 1977, a Third Amzendmenlt dated a. of February 1, 1978, a Fourth Amendment dated as of1, 1980, a Fifth A.endment dated a,, af Noveiber 18, 1983, and a Sixth Muendoant dated as of .znuairy 1, 1986, have all been executed previoutsly by and between the Authority, and the Partcipljant; and*WHEREAS, thu Part~icipant an the Authority have determined that the financing of transruiiuion syatin facitities after thu commlrcialop,,ratlorn of V ogtle Unrt I~o. Two Is ta be continued as a pazrt of.Project One;-end
.' *, 'WHI'EREAS, a contract1 with. the Southeastern Power Admainiatration (SEPA)permits the Authority to "SEPA allocations for tunicipal preference customers within the State. of Georgia.ThEcREFORE-For and in consideration of thin premoises and the mutual covenants and*agreemmnta hire'inafter alt 'forth, the:' sufficiency of which Is hereby*acknowledged, .it is agreed by and' between the parties ihereto that said Contract Is further aaandod as follows: PROOED AMNCIAHTS TO POWER SALES CO)NlhACTS" Section "1. Thu Power Sale$ Contract, as amendedl, in herebhy further amended by deleting subsec~tton 192(s) in Ite erntirety, and* substituting a new subsection 102(u) to read ma follows: "(s) "Project' shall mean thoul electric generation and related tranamiaslon faciliti'es whIch are idrentified in the Description of'Project ndthose transilssion system facl~lties to which reference i4s made in the Description of Project, together with .(I) any major renewals, repiacements, ropairs, additions, betterments and improvements necessary, in the opinion of the Consulting.Engineer, to keep the Project in good operating condition or to prevint a loss of revenue therefrom, (ig) any major ad~lt~ons, /reproveaunet, repair. and modiftcationa to the Prolect an~d any. decoanlasioning or disposals of the Pr'ojwct, required by aily governmental age~ncy having Jurisdiction over the Project. or for which the
!Authority shalt be responsible by virtue of any obligation of the Authority arising out of any contract to which the Authority, may be a party relating to owner~ship of the Project or any fac.ility thereof., Mnd (iii) working capital required by the Authority during constructlon of the,.Project and for the piaciiig of the Project in operation for providilng Bulk Power Supply andJ SEPA power to the Participan't.." Section 2. The Power Sales Contract, as amended, is hereby further amended by deleting eubsectlon 30.2(c)(2) in Its entirety Section 3, The Powr Sales Contract, as 'amended, ie hereby further amended by deleti#ng subsection In Its entirety and by substituting irn lieu thereof a new subsection.
306(b) so that when so amended subsect~ion
-306(b)shall read as follows: Jr(b) The Authority may aI5Lue fo'r .t'runumleslon ofSEPA" power to Participante and other custoaeru of SEPA, provided that the Authority shalt recover at least Its costs for such transmission service.'..During any' Power' Supply Year In which thin Author~ity has reeponaiblility for transmission of SEPA power, such transmlission service shall be provided by the Authority to the Particlpants and, other customeers of'SEPA by accepting*delivery of such SEPA power from SEPA, for the accounts of the respeotive Participants and other customers of SEPA,. anid delIver~ing such ,SEPA power to .such Participants and-other customera through use of the transelsison nyu..: facllitises Included in the Project, and the AuthorIty is, authorized to* ircr~e~se Ft. Investment in, and the annual operating costs of, such tr~nsuisa~on system faoi'litlea as may be required to provide such transailssion "service.
'The charges for such service shall be calculated and collected by the Authority
- a. provided in Section 308A hereof. All;amounts collected by the Author.ity for such transaission service shall be appropriately .credlted to Annual Project Costa In the same m.iner as other credi ts pursuant to.Sectlon 311 'hereof.N"Sect ion 4. The Power Salea Contract, as amended., "Is hereby further" waende'd by adding a new section following Section 308 to be designated Section 308A to read as fol lows: ,Sec~t on 305A. Calculatiorn of Chortles for SEPA Trsrsmiesion Ber, lee.The Authority shall establIsh a ratzi (eapressed In dollars per kilowatt per month anqd determined utilizing the annual daliar costs and billing duterodnanta) for each month of tha Power Supply Year for" purposes of delivering SEPA power to the Partlicparfte and lother cuatomer~a of ,SFPAare not Fartci~cpante
('non~participant cu~toalrs')
for e,,ch iinth of the Power Supply Year. Such rite shail be determined for each Power Supply year by dividing the aur of (i) the Annual Projec~t Transmission FlxedI Charges, (ii) the 1Other Annual Project Transmlaulon Coats, and (iii)amnounts, If any, which wuat be paid by the for the purchase of transmlaeion servlces for the Project under itt Integr'ated transmlssion.yesui agreemen't with *other utililties; in each case as budgeted or*ist~imted to he Incurred for the Power SupoJiy year; by the sum of (.a) the highest annual one-hour Integrated ca'incident system dumad of Bulk Power Supply prdvlded" by'the Auth.ority to all of the Particip~anta, (b) the higohest anunual SEFA capacity delivered by the Authority to) the" I -.** ,.-Participants aind nonparticip~ant c:ustomers, and (c) 1115sddeiand and transmission losses, if applicable, incurred by the Authority under iti integrated transisiision systeu" ;greejment with other utlilities that are.propmr~iy pilocabie to ,the SEPA capacity delivered to the P~artlclpmnti and nonparticipant customers, in each.caue to be supplied dljrlng tue Power Supply Year'; with thu re~sult, further divid~ed by the num'er of months" In the Power Supply Year: The amont payable by each" Participant and nonparticipant.
customer for each month of the Power supply- Year shall be the product of the rate, determined In accordance with the foregoing, and the SEPA capacity delivered by the Authority to such Participant or nonparticipant..customer of SEPA, during the respective manth of the Power Supply Year, plus, in ease of nonparticipant customers of SEPA,.any*applI IcablIe surcharge," "*Sectipn 5. "The attachment to the Power Saies Centfat~t entitled"Oescrtption of Project", as amended, is hereby further amended by deleting* the paragraph designated "Additional Facilitici" in its .entirety and substituting a new paragraph lo read as foilows: "Acddit ional Fac ili t ies.The additional facilities of Iha Project shall be those additions and improvements to the electric generation and related tranmission, facilities and to the Iransml'sslon system facilltl~es of the project provided for in clauseas (I) and (ii) of Sectiopn 102(a) of this Contract; and those tranemiasion syates renewals, repiacanenla, repairs, disposals, "and additions, betterments, improveinanta, and modifications tlierbto, acquired or constructedl by the Authorityv subsequdnt to the ComerofaI Operation Date of the last of .the generating facilities of the Project to ba coepleted in order to meet Its Invacttment reaponelbiiity in connection with any agreement for an'Integrated traniiniiiion eyiteo to which the Authority may be a party.IN WIfTNESS WHEOF, the tiunicipar" Electric Authority of Georgia antd the Participant ,ha're caused this Seventh Anendeant af Contract.
to be executed In their corporate uiams by the'ir duly authorized olfi:ers and their- corporate seals to be hereunto inpruamed and attested, all as of the data and year flint above written, I&WCIPAC ELEmCTC AUrhOUTY oF APP, OVEOASrTOnF(iW:
G en-etdJ CotnSe O;'" Sereary..
.*re APPROVED AS TO FOiW;DY:
AMENDMENT TO POWER SALES COT1RACTS BETFWEE MUNICIPAL EIECYRIC AUTHORITY OF GEORGIA AND 1-EUNDERSIGNED PARTICIPANT This A.muaimen+/- (th "m IVannrii')
h made and mntugh intoae of Januar 14, 2ooS by and th Munxdpa Electia Athouity of Gerga a public .body ccuo~ru an politic and a public coipruioc of b tah e of (uxgla, bans aozmctizes referimd ID a the Authority, created by the provisios of 1975 Geii aSh 10o7, us amc (o.C.o.A § 46.3-110, at eq).) and the undrued .politica W ITN E SSET I: WH-EREAS, te A .ud~rly and the Puricipan nmd into a Power Sal. daorad am of October 1, 1975. a First ,Amadmeii date as of M~arch 1. 1976. £
- ca Amezmu daedm of May25. 1977, a ThirIAmd mmit dated as of Fcbruay I, 1978, a Fourth dated as of May 1, 19W, a Fifth Amen,,,endated as of November 16. 1983, a Sixth as of Januuy 1. 1986, and a Seventh .ma,,in dated -, of May 31, 1989 (h'a1'r uwjet One Powver Saleu Confra-t";
.,,a WHIIA. the AMlhoiity and the Pantidpaa antmd into a Power Bale Caatzct daeda of Fetruazy 1, 197B. a Fist Aniand'nt dated an of May 1, 1980. endi a Seccadat dazed as of Jmnuay 1, 1935S (b'nf "Project Two Power Sales Control~;
and ,lrti WHR ,S (he Anitonty an th Paricpat into a Powe Sae Conbtrt"Project 'Three Prwe C~orumct; and WELEREAS, Aniherity anud the Partdicipnt it a Power Salci dated as of Novanbr '16, 1983 ,rod a First Amendment dntn a of" Jauiy" 1. 1S56 (h.erein[aftu'rojcct~our~uwerSalcaConuctn"t; and WHRES the AUmhCVty md the Pztkic.pant wimb to exou th tam of the Project One Power Sales Conuract, the Project Two Power Sales Cimkuct 113 Project Th.Power Silas Ce w trod the Project Four Power Sal Coufrnct(benfr s refmlne to co~eotively as the "Power Sales CCmanW the smadmwn pesiod allowed by and WHRA, the Authority has det~minind thaI it w~ill Do ei~ng f~ici~on debt., but excludins o~1stkn debt pelinig to wdrin c~apia and ifzel wodbig capita beyond the e~iatin tarn of the.Power Sila , Conhnucb; and.WHER.EAS, the Authcvty and th Participan wish to provide fiw a methd of allocation of the outpu and seve ,mid coals rlting to Projec Tw.o, Project ihu and Project Four fortli period ofii thetan extesidon ofthe Power Sales eran to such Projects as wel u provdin for an ademen t to the Scedl of Shm- puenn to Project Pour.NOW TH R KFR for and in cosideralion of the pzrrmiii sad mtual'o wovannts and agrvanmt berist met forth, and on'ooiu to provid fir *iuain-2-AFLDIfl IW7~I c~hange in thu Power Side. Contracta it in elided by and beseeai the Aithority ar4 the Pazipn thai the toas oftthe Power Saleo Contrict shl be amwnded am follows: S.ect11 2. Ez~teislon of file Term of the Power Sales Coutraceu.
Thu Authorty and the 'Pwticipant.hececby ext.nd the term of the Powe" Sales Cantruct es follows: ...(a) The tam 6i the Project 0c Power Sales Conflict is ba~mjy exaide fro,, Mui 1, 20o26 Imd J,.e 1. 2o54 (bz'eia1. Oje Tam (b) The tmn of the Ploject Two Powu Sales Coofruct is bauzby eitendcd from Fetxusy 1, 2028 unt'l June 1, 205,4 (hacnafl.( "aujocc Two Twin Extaiclon Period"), (a) The tam of the Project The Powe" Sales, Contrnct is baenby crtamdtd ftwan May 1, 2030 until Juno 1, 2054 (haerlnafl
?roject Thrne Tern Extesilon Period').(d) The term of the Project Four Powe" Sales in hmnby ertauded fttuz Novcmber 16, 2033 until Jim. 1, 2054 (h.ainnflN
'Prject Four Tham Ex1stms Perod").Sectlos 2. Allocation offroicclTwo..Pmiedt Three and Protect Four.Section 308(a) of the Project Two Power Bale Coafrec obligate the Aiiar~ity to provide to eac ProJect Two PartciproL.
and obligats suc~h Paslicipat to take fleas the Author-ty, the output an services of Project Two hased upon the rues mnd cujuestablished by the Authoritypunvuant to Section 307(s) of the Project Two Power sales Cobc The Autlbmty and the Pazticipant hereby age that the Piqe'Two Tczm Extawin Pined the output mnd auic and cot of Project Two ibiD be allocattd to aud Project Two P'aitcipant based u~pon a pwcemtage derived by dividi!2g the toeal made by eac Project Two Paziipae1 for debt wvice tani for caital oasdinirng the of the orginal trai of the Project Two Powr Sales ak*iadjusie1 to presen valu, divide by the total pilineaita made by ,ali Project Two for debt see'vice and capitall coal' for the cort of the original tiarm of the Project Tzwo Sales al adjuslt to pra value (btnfa '?ztjec Two Bilhipg Shams"), Thu piesetit value calculationta i be bawl a factr equal to the weighted average ines .coat of debt melatin4 to Project Two dtcing the entirety of teoiginalm trnm oflruject Two.Section 308(-) of the Project inm. Powce" Sales Contract obligazcs ths Autbcmmty to provide to each Project Thro Paztic~pet, end obliptas mach Prtricipant to take the Auhat,the output and aeuv c of Project The based uport tharut and charge. atabliau by the Authedly purun~t to Sectio 307(a) of th Ploect Tlnw Power Sales CautacL The Authority mnd the Particiant henby £wuee that diring the Project Th.'. Turn Extansion Period the output and mervicee mid cot of Project Thmee ahatll be alhloil.d to each Project Three Participant baitd upon a pae, ntap detived byth total payments made by each Pro.ject Throe Patt-npazt 9* debt service mad for capital cost din-ng the artiruy of th org !a tmn of the Prcect The Power Sal.Contract aidjusted to value, diUvided by the toa payrolis ma by -11 Project TrePatic~ipants for debt survice mc capital co for the entiret of the original team of-4-A'7Umlf Ill mi.svt teProject Thn Power Sanes Comanzrt adjuse to value., ( ~enafle 'Pnojet imBillmin Share"). The value c*alclaion sha be based upona dicom fat qual to th avmige weigbte interet coat of debt relating to Project The during the of the oiiginal teum ofPnmjoc Thoc.,ec*ion 308(a) of the Project Four Power Suica Coatr-c cbligate the A~iuorty to provide to cuh Project Four P .rticipant, and obligate.
eu Pmriid~mn.
to take fro the .Authodiy, the output uzid in'vucea of Project Four based upon lbe rate aund charges eatabliaecd by the Autboiity pumannt to Section 307(a) of" d, Project. Four Pawer Sale Ccnb Th Authotit an h Pwrticipt heeb age that dii th Project Four Term Period the, output and miic and cola of Proje-t Four cakbe allocated to eca.h Project Four Pirticipant based upon a pcreaMge daiwd by dividing the total nade by each Prmject Four PamtiCipmal for debt mnd for capital corna during the aitirty of the or~i~nal lain of the Project Four Pma Sae Coauct, adjusted to preseci value, dividedl by the total paymenfa wade by aLl Project Four Participant.
for debt'sayice and caita Cot forithe aittinyof the miginal lai of the Projct Four Power Sale. Contact adjusted to pruan vale, (ba.nate "Project Four Billing The pruar value calculton ahall be basal upon a discount actor equal to the average we~ighe inera coat of debt reatn to Pnmje Four during the aiuirnty of the igiaa tare of Project Four.Additionally, e~vev as of Nove.~bu 16, 2033, which i~s the ezpirtatii; date of the original tan of tir Project Four Power Sale. Coafruct, the Sceue of Project Four&T'IO L,+ 1 Oblip~ca Sha shall be madc no that each Project Four Participant'-, Obligation Share shall be equal Io such Furticipn'a Project Four" Billing Share.Sctton= 3. The Auilui~tyhuz~by sacni thet it shlld niot cxte.: the tmn of aizy Sxatz u g~t~ion debt~, exchzelva of exiit Dgdet to wcvii capital and rnic1r fiaJ wctking capita debt cowponanln beyond th foflowing ate: r'roject One gonawion debt shl not be exrched beyond March 1, 2026; exiising Prcojct Two gwerauion debt 81a13 Bot be ucane beyond Februay 1, 2028; existin Projc Thre gmearution debt sbal] no be artmndm beyond May 1, 2030: end editinbg Project Four gaenetion debt ,shal not be tztendnd beyond Novanbaz" 16, 2031.Section 4. The Poww Sales Contract ma amandd heryby ahall coti in eff~c me arc roffirmed by the parties. Terms not dofled beren ar to be defined am in the Powa Sales Contract..
Section 5.' This Amondmont shall become ef'ective when duly approved and executed and delivered by the Pzzticipan4, and wbaz executed and dtelivretd by the Authrisy.
T'e Ai~htit wll only exect and d~l;-vrz th Amuxmat,.
when it baa d,,,,,,.,,i.
tha the Am~almml or simila" zmcudinats hive bern duly mid deliveeod by easch of te cunwi (49) Parucipinta.
[Siputa, .Appar on Net Nos]-6-ATlBIfln 11t1m1t IN WITNESS W1{ER,.OF.
the Municipal Electric Aulhority of Georgia. hss caused this Ar~dn~xnin to be enecuted in its corporate nname by its duly authori~ze offieers and, the Authority has caused its coirorate seal to be hereunto impressed and atteted; the Part.icipant has caused this A~rn~ndni!a to bc executed in its corporate na~me by its duly authorized officers aznd the corporate s~ea to be impressed and attested, and delivery liersorby the Authority to the Participant is hereby nfl of th.e date and y~azlr fira above w'nt~en MUNIXCIPAL.
E-LECTRIJC AUJT'OP,.T'Y OF GEORGIA A(SEA/4-PARTICIPANT:
CfTY OF ADP.L*;i- (SEAL],ATn.I i adI'lMa,! , ..- .,-
Attachment 3 Vogtle Electric Generating Plant Financial Assurance Requirements for Decommissioning Nuclear Power Reactors -2015 Submittal Project Four Power Sales Agreement PROJECT FoUR POWER SALE S CONTRACT* .~Between : *M DUNICIPAL ELECTRIC AUTJHOR1TY OF GEORGIA and THE P'ARTIOiPANT S Dated" as off November 16, .1983__ i JI "'1 r n
- n -
PROJECT FOUJI POWER SALES MUIJCIPAL ELECTRIC AUTHORITY OF GEORGIA -ThE UNDEPSIGNED PARTICIPANT." Thu Caninest, made and, entitrui into us of flo,'mber l6, l983, by and belw..a the Mualdpa.u Elc.rlcAutba'itY o dGeerlu,, pubUc body *orporat and politc and L pub* corporsilon or t~ho 1.9"7,'. p. 107 Is .aandlcd (l~th 64.I-,-0;J 0_.[ "OM., an tho pohl]k*a.
IabdlvltOa of the.State of GcwihUl sometimes designat.ld asl the Pul/ialJpt.
WITN!'SSETH:
THAT, W]:E]S. the PhrtiiolazL sod the Aulborit bare beieta'cz entered Into a Foairer Suits Con- -trsit dattd as oat 1, 1q16, a smeaded. trdet which the Aur~th7l bccama tI.6 balk po~wc supplier to the.Par~ldtaut tad said Cmumnet contempsate that projocts maybe undaukenm by the Autkodlty, am have he.nt'nf at e luedit a Project Two Power Sales Contract daei ato Februaz I, 11g/, as a.mmhsd6 nd
- Projcct Thos Paw+Satla Cooadnc dated ssol May I, 1980,whln~h the Anthexity acquired .AtdltOOnSI project..
and WHRA, th Puil:sn az the Authority bae that It h I- their .bat heertau tl~t th-e Authority uadalske a fct jro~ect which Is rmona7 *oSxpt2t .to muitl am nma oumsl1 Bulk PoweSa $ply to th Participmnt and oil= pdldalu snbdlvlhao colnedna with the Autort thrf'r by ma]ia th output ad reloto services of F~wcti Four availble to thu Paxtid*nt.an1d by &dsabll aim A~athoty to runinge cenzaiu st]** af t!e out/pot of Project On. a.nd* ojcct Fur t oolu utilda wlaichlahitea&dedto b~o ebuamndally'thn of the oatput o both PsaJcct One sod Project Fotr to the Pu~tTlc~nt's Bulk Supply requ rcmuo sad WH]FR..FS, the Authorty wilt take: or rnsas Io~bo takenil step nzsai to £o:ite inch govnmenalc poZ21II, llcm J.d 'PlrOVUZ as are nsruay for, and 1l. thei p roee. u approziwlte it heal design, flaamla anod a~tn td *ot~ci *fta
- zides ignated aad drqp~t e I Foat¥r for the supply of elcttzl powe and lt.e Partsitpant anud to slU other 1 eldcal mubdlviln oanlnctlq with tbe Anlhty ttbufor, and ii] sel them~anrd aerteea of such pnu'usanlto this Cnntraet and to eub-StIst with ather alwu, deslguawd together .4th the Pzlelpamts u 'the Pazt~dstsm' and* WHERL4, in to unable thu Auslthit in Issue its rvueaca boedato pay tl~e oasisof'aeq.uld..
sad eaaU. Prnojct Fcrzrlt Is aeuiwyxr for the Autharlrl t have MafD contru:. with -".U pditittl51 UbdhiWm~a of theteatedrOeorgla,pezatt utho ttz~t ofIOL LI7S.]7, p. 107, ii imounded (l["th. *1--1 IO, O.C-.(A..), that sic Partlipsuta.
4,, Projet One, "'Two snd.flraa.
and allatnibtable to Project Tutu o to the Ana Project Four Cmts, as heasiosh dab to ha made In urammdne wthb or pqriuanl to this Cotract sod suc o~the ceotrnuts tshal be pleged as we'.jrty fro the pam~ent of suc ons For mad in canldruddy on at thapatnlses and tha mutut/val w nsn and aaroa. t huIaftffm act loath *ad In order to pay tha Authadtyfor Its costs of providng to lba Psril*ipsa, output and related zeinecas fiom Projec Tour, savd+ tn forthc enabie the to improve the Participant'a hl Power Supply through the rearrlogansnt of murtaLin sale to othor utiltiel Of' a poetlon of the output of both Pro jeet Ouc and Project Pour, sad to fur~ther enble the Authsorty In rcvinunm to the Parctiputas Supplemarrlil Bulk Power Suppiy, It Is a~recd by and heltvmo the parties here. as roUova: TE]RM O1 CONT i'c, D 16 Section 01. Term.The term of this Contract vhst! this Ceoatact ibllU consitute 5 bllridiobligation of theI panilcs hereto f'rOa Sad alter Its e.reevition by thse toIi¢ ezIw1C th m"= the 0c o this Contract sha~ll continua In full fomc sad me.i nmot ereelnli Bfy al ofrihe Bonds as he¢rctaftsr dehned or n'otes Euucd In th lnsuanne of Bonds aid, the Interut tbnaeoohave been pild or tot pa)'eet shaDJ bate ben n cordanon with the FroPda~ns of thet Bond Re solution or unif such Ltha, not excadfln 61'y (.SO) Ye' -jec Four u~kall h be sdtre fromiervite, decomrialoried or dlsposa ofby the Auchoe-ty, wblcci is Sect~n 102. Daltidoos and I'-ptaattooi of Tin'ma.As uaedbrdia.(a) Act'" salli me.!n tha t certain Arc of' the igis5 Jeas~n of the OGenera A~ennbly of ibm Stale of" tisrg..' coailcd Sad pabtlibed In I Ga. L. 19"7., p. 107,am the same huu bee heretoore or may be berenflar amended (T[tle 44-2-110.
O.C.O.A.).(h) "Annual Project Four 2udget" ahatU mean wit respect ma a ]PowSupply Year, tha budget or al~rdandd busdget adoptedl by tbe Authority purl-uant to .Secl~on 201 whic bu,,tel shall enutalo itemiJed resilmatina of AnnlU Pwjec Fou~r Costs and ml reveu'ua, Incame., ar~othet itn to 1. appllr" to ator Costs.S(c) Amnnald Project Four Coils" sball mesa; with res 1 cc1 to a Poser Suppy Year, to She crl'tt.not paid a s a Crasto 0Ac.quhition sad Construction, all coils ad *espescn of tbe paid Iby the Authority duringl much.Powe~r Supply Year alocable tnPoje~ct Fou, which sthad oonist o those [Iems *o rat and eaperisa ref cried to In Scctloi )O05(b) Anaslsd Project ,For P~bcl S .Charlg ad Ohr/oruaI Project Four Crate.(d) Amtsml Project Three Cuts" shall, mean those nosts a,.4 eapeusa 1sn Sactlne oftihs Projct Te lower' Sales Coutnet. " S- (C) "AnnuatllrojeeTwo Ci~uta shlul we-n tha ostac~ sad aa~ns Scin IO2(*) ofl ih¢-Pro]ee" "Tlwo Pmay Sales Contract.(I) Supplelmental Coi.s" skall mnen throe costs and eapenses of die Authorty llocable to the pwvhaaf, o r f'urnshL~s of Supplmmenta Balk Po~wer Sup9Jy to the lPitl! .ssu,.* (g) ..<onds" aball mesa other evidenoce oJ *ncullmI~,4h h Authority.
ste t~cpsto'lw of' the Bond Re~solutfon to mann or reltnan the Ouat 01 Aeqisldek.
and .Consirucdion of Project Fmjr. wbehor or not any hsem of aueh BOna ahlul be aubwluatn~i as to paym. nt to any, usher Isue of suchb Honda. sad sbaU Iodvude additional,'Bon&
ue pursua lnta to the provisions of' Seto 401 here.cf and dmdfinrlo Hooas Iuucd pursuant Un the penlniona of' Seto 402 (h) flood Resolution" shall mesan th! Ocaeral Pgwrs, Revenue Bead Italdun adopted and scadopte by sho Auvthority on IMatc. 22. 3971 and 19, 1911i. rtolg"eIvly, ma fro time to lime supple~nessted en amended by' Suppl~eote itl Res.rluIlnh thert~o, induedle the Sngle.oeoza aea Power+ 3Relcnue Bond Resolution autho)riing Fonr to be adopted by the Autberity and aconeped by the Trnane thereunder Jlet ts. 5rent of ib. owners ofthe Boaids which ahall Isuvid. for
- 0 the leusuco of Bonds, a cowy o whic Gcneral Po'c Rl~oue Bond Res~uoo and Supplements Otcra-vl Revenue Band R~z~cutloa authodi/lo Pznjet Four in subsianilally the foam~ to be adoptd by tha Authorty shall be on file la the ci',th PartJCdjAnL (I) "Buk power Supplf" shal m~u, widt respect to s Pattr dpant, all elect'Ic p %ep nod'encigti reqitred by audi In vi that ain~nt (I) suppli:d by any gaealen n and transnilislo ruon ownd by such .Pstdant to the effectiv date of the Power ales Conbtrct. (Li) recei'e by suds Partlelpast from the Southkast-un.
Poer Adolsladtioo nod ((i) proo.ured by such Participant fro alteinsti bulk poe sup~ply raoi in sctor~knco with the p~ilioos of Section" 404 vi te Saes. Contract and mnbJcc to Section 306(e) o' ",is Cautrat,Comwdsai Openiioa lDate" shall man, with rapect to each fas~llty of' Projeoot Four, thy beglnna 1 of the day on whichsuch fbacility of Project i'atw Li, In the opinion of the Authority, produdni and datvering dcrariopoe and aneigy for atictelala use.(k) "C.onnudn Eolnr" shall mean ax cojle or enstfeuoa fir of' nationl reputation haviJg demonstated apertls In the field of echtJe gierstiat.
trnaimluw, po~wer supply, elctti* utility operations, rata, anfi rumlullty.
(.I] "Contct" and "Pwje-t Four Power Bales Cootracia shall maun, resetively, this Contract an all Project Four Povwar Cntra. this Contract, entered into* by theAuthbyandanPactl pane, l each acaa as thinaym m~ae xntimeou x (in) "Coal of' Aa~p~slon and Cozutruction" isbl "asx, to the extent not Included in Anual" Project FPoer Com. .31_ costa an anezpre of planin, dcufgnhg acqufrmng, consunc.o, cul mtallin&and flnao.n?rojeot.Four, plad~nj Proju~ Four En operaton o or of Project* Font rid obtalnki Ioyei.znitia-pprovals, Ical~tes, and 'ith respect the:reto at hcrrs/ler pad ar by the Authority an neal Include., In addItio and whthout .* (~~~I) watking eapata ad ran~a in such ainoests a may be ,atabluized p~ursuat to ibe Bond Resolouioa, ..S (23) Ent ret'aonmlnaln bok orln patJ-t n B pdvp r to nd d fo sec~h ond pesrod as the Authorty s~ resonably determine to ha for the *of Project F--0.r or any facil'y therrnofn operation the provis~ons of the ~-O) at°;'hi-ton OI nitia fud orfual ksentry rn. schaiena~dfactorty d roject Four azdead theef'or ard wonrgn eapiwi and rue-ya for reload fuel ,,-4 sddi.(4) the dlepos~l or depo~siU f rom the ofr Umds Ismiol to finu~tce such cmts fn sn7!sni or aoaenas otablhhcrd jorazant to the Bond Rmha~lutfn to meet Debt Seii raerve mr~tb for floos.(5) the depoit or deposha(roGm be procds of ahc Bond. leur to financ such cats In anY , fbor " a t*a sit estalbshed "pam ant so tl P tgluion asrs~ for r~ s a--d ,.rnplas, -tlumcot f'en. se.eicn, doeomul.hldai or dsposal oaC any radlty of'ProJect faut r or eont*p i * .*(6) tradelnal ud teitlti cab Inucrred by th Authority, (7) r.r .roinas svtigaeio and daveiopoent cosu, wlne4ieI fM5, onalactar,'
tee, costs o1 Isbat. neatedali, SquiptnsLt utl/lty sinless ma supplis, a'd lepitand floaod 1 crots, (3) a.l CUU of' tnsnraqen applicable to the period dcoatructicon, and (9) .2 othe.r costs ineur-ed Iy tleAuthor,/u ad jwujarly slloeabla to the acquisltion ated-nsua-tio of Pnofect Four, in*lud/n al wab ke nned by the Isuace of' addhtional Bond.pasmant to Seeitan 401 hcrf(.
(a) *1Debt Service
shall nrian, with resiect to any prilod, the iaBleelate of the amoutial required by th hand Re~solution to lie paid during saiid pleriod into any'fand at/ll fads crzutd by the Bond Rocsittwi for the sole purpoae of paiynig the rinti-psi (indudiug fund Insitalmeata) of and" pres~niut If aoy, and interest on aUl the Bonds fl tha to tlme autaztidlzia a the raime shall beo~rne dec 1 psom,idd h*u.cver, t11at Debt SerlIcz lhall not Include ay accele~rsdoan o31 th maturitj o the (o) "F.Ite Cots" shall mesa all cost incurred by the AuLkority durilg aosy Power Supplyt Year* that ,,r allocable to the acquisition, rabnzicaiite, pmcaln. reproctalni.
trapot ation, delivezio, sltorul, huandling.
atid zpoas~ia.
o nuclear fud meteisbla ri~uLred rr die generaioin taci'litdes of Prujeci your. lrtiudiog transfers to reser-ves esutbl~she~d by the Aquthority lfor such cont rainted to future Pivi..rYean, EUg credits relate-d to such cot applTed asl appropr'iatb in the disc*rcti~a of r.]te.Auathity.".
.** (j) '.Pastleipant" shall mean the oli~tical aubdilvrsla which Is a party to this Cnm'tract, "Partid.pants" ahliU mean alU political ajzbdlvvhons In th, State of Georgta vabich own and diperate ejecijic diirbt.on s'$stems to ser'e theidr dtzlz.ns, Inhabitnts and cuhtoinelpro xvidin them with deieik , po~wer navi enteigy aad whlic are partlie to cntrd with the Authority siUbadtantlay ldeanl3cl to ti.s Contract.
Th turn Pazlielpaunt," mad th terms "a Pntripant" or !'eachl Pa~ilclpnt" shlltoca any ene of' the Pud.ticpais or each of the lPartiripatst as tile CluS may, ba. "Parttclipant" shlul irnclde an, antlsdoa~or agency of such political uir, injijonll which operateat c ornducts or camclscs jurlsdkc.linOe any cesentla fuaction o[ the Psrslclpat's el ecUIc~dLst'bUtiOn systeml. .* (q) FPowe Suits Centrca" shai mesn tint cu~tain Power Sales Contract, u ha been heretofore at m1,y ha'eaf: bea menlded entm-ld. into by the AsJt~het tand the Participa-t as of Marez 1, 29761.Cr) "paow'Supply Year" shall eaun tli calcadar Jmu, escept thata tbe ntPawerSupply.Yws~
shall begin on the earlier aof(1) the data the lvn provide electric power tad "eeaZy der. (Ui) the date to whic~h all Interest I, ealalhnd/
on .11 Bonds, (Ill) the dale whirh ;,'12 zna~tha Wior, to the dsleottwhlb the Ipu pr ncplst~llrnet oay of thefloudsu or (Iv) 'J liooan wblth-any AshualJ Project Four Ceats betcme payble-Sas) a.projet On,=" haltl mesa that deven Sec-,Ion 1o2(,) of rib' Power Sal. CantncL (t) "Project Four" shall'nw~an those electric eaerson aad related trsnovzsmt~
racilitkl which*lira Idendl,, In the Descriptiaot of Projec For atltached to this Conttnct, together with Ci) any maj.or.renewal reptczcnts.
repir as, additons.
betterments and tmpruw.ment ne.cessasy, in the oplnloa or" the Cnnsltz to keep Project Fair In good ajzrating condition or to ptewent a l~as of*revenues therefrom, (hi) any major ndditloai, impmweantz., repairs mad mod.ulcatloos to Projec-t Four and any dwininlsionlni o" dispoal_ ol Four rcuirkud by say ag halehg" jue"IldiAn ove Pl"roect .Four o"/Io" whice.h the Authbrity shall be responalbla by} vit of' any Ob~llj-Sl~on cr the Authortly .rhisn out of s)y contract to which the Authority may, be a party rrjatlns to owjnuship of' Projec Fonr or anyl fadlliy aheraif, (W reload fund or addltfonaiful nlventory fol'r any generatin
[tadliy of' .roject Four to the exttent thataul:dene (nnds are not available to jay uthe c therutcf, and (v) worInl capital required by ,he Authrit during consuisetion otr Project FouLr and for .* tLhe plahin of Projec Four 1sn oerantion anud dnsv any period ther'eafter "as may lic reasouably reqired In tlta disaitlon of the Aquthority.(ur) "Prnjec Four Slllng Statement" sail3 mean the written istatment prepar, or caused to be prup~ade mootl/lyy Ithe Authbority thai shali-be .haed bgoa the ,Annual ]Project Fou"Rludget or Upoa the amended Project "Fort nedget that shall show the monthly amount to be paid to the-Authority by sdue Participant under this Contrct,* v) "Project Four Ob~liadon Share". hall mean, wt'h, respct to a Particpant an any Power Suppy Yea~r, that supecilv peerentateq set forth in the Sebaldula of Oblliatlm Sham attached baits an henbyiacrpo-uted by reteanc- u £ part of this Cnt~ract, of the Annual Proe~ct Foeur Costs that Inc.h Participatq m obJllgated t.o pay Iunder ahi ContlacL
- ' (wv) "Project Tote.= shal mea that pbrc:t defiired Ln Srcedn 102(s) o ! the Project Thre P~ower (z) "FPrject Tha 1?owe Sales Cntrct" Jsha1 incan tt cuuin Project Ibre "Power Conlbtact, u ba be hueetofare or maiy hereafter be amendd, e~tered by the Authority atd kite Partdcljwnt as of May 1, 1930.(y) "TioJect Two" Shall mean that .projec-t de5id In Sectim'D2(a) of the P roject Two Power Sales Coantnc$(z) "Project Twrn Power'Salcs Contract" ibal me.n that torts;,, Project Twon.ower Salrca Con-Leadc, ua haz beca here tofo'e or .may heresaf.e bea meuded, nten~d into by th Authodty and the Partlicipaut u of Felanay 1, 1)71., (as) "Prtudent Utiity Pratice'c at a pa~rticulr time ~bIl mean any of' she pracrtices, aethod and acts engage In or approvd by a ant ptiiog of the eltrt utility Indd tr. to inch tine, or.any of the practics, methods ahd aeti which, In the ear~ze of reasonable jfsidnt'ia huJ of the acsts known a!te tiw the daclafon wuz rusic, could hav been eapecld soatou:mphis tb draire result at the Iloreit reasonabJ*le coast witent with gwd business pracee, r~lsability, isliet ind eipediton-Prodent Utility Practice Is not Intended to he Umited to thu optfumpiactic.
meth'od or a~ce to the ezeluslon of al~l othertl, hut r~tbcr to be* a spcce'm o/f postib51e practica, oitd or act havl.ng doe regard (or ,useuu/cturers' wuur~nude sad the: rr qulrem.nens of lojnveruntsl agrencte of.competent jurbsdrctio.
In evaluatng whether say act or pr~opol confroms to Prodect Utility Pruo: t Ine, the puttes shllU lake Into acci~wt the ob.jeKctw to achiee optimum uti.lintio of' the Autbriortys (bb) "SupPieunetzi Bulk poaur Supply" shatl a,,-i th reepvct to a PL-tlclwi.
ta~tt ort'ton o1f Bulk Power Suppy by sqcls Pp.Tl~pant i., of that supptied f'rom PrJects 0Cc, Two, T~ree *rnd Foisr. (is ui of the escratng, neslpacsily guerno tasumlerlon service, scedledd emearrienc, or economy inerhajeservic e o sues othr icac associated wkltsznject On; Two.Ibruc and FOur, fild, unles othrwise jovdl In ol outpot and reblat servi4ces of pro jects owned or rentroile by the Authoity from which Els Participant cosilnera to purSu~aleczzi powe~r and rsm~iY.*-(cc) "U-,-,nsoflablc For~s meanl soy cease bajusd the ecos:lu of the Auth oiity w.hl by the exec*s of duc dtipsice:
the AuthoritylI unable o ovucrcmc.
loidadi but not limite to.*" faihlure or r1bwJ aoJey othecr penon or enotit to comply with then existhin with the Aut~hor-public essey, civil and miltay authority indudlq court orders, Injisetirm, and orders of" go~ve-mental agones,.s.with porpear Jurisdicton, Insurretlon or riot, an actof ithe elmets failure of eoquip" m wet, or !zi~b~hy of' the Autborir or any fontrctr enp~d In work* no Project Four Ino bt~an e mat~erblal wr quipmen-t Ialeani of th e.fect of shzmilar cesel s aspptl~eu or czlen or Inas'uiiey of" the Aut.hwlty to sell or Issue lItlos o r notes.(dd) "UU'onfo System.0!'A~cess s" meo sh. U~niorm System of Accousis for Catss A anud HUtiliie aM L.ceoiuai,_
~ureruihal and, duie en time. us amendd cd- nsdled or sule l-" tuijtiuLr~c/lrr mlldn b) th Fe~dera ]Enrry Reglatory Comnmisson or Its siurea.cu,.
- "OBLIGATION'S OF THE AUTHOR.TY ANTD 215 PARt31C1[PM~r Section ,01. /A~eual Frea-ls Foure Dudii., TheAubady jrsp r ad sbfit o hePs~ip~tan Ann~ual Project F-ar Budiat lest k Autbanty,a*t a.Y tim until such B udget is adopted, any matter or su/flestso relaing to ausahiwiget
'S which tbc nay= eseo preint. "1"b Authority shall the pr1:cee v~th t.1, considention and adoption of erach Bud jai fnotlui tibn tbjily nor mor'e thin torty,-fit days prio to the be 1-inla or such Pow, r Supply Year and shaU cabn aps *of Inrch adopted DUdjet to be daliveed ,in the PanlcI pant, provided.
howerer, th 13udes ft rhe *int PoweJ Sujiply Yetr shall be prepar-ed, conaide-cd, , zopted and deliwed in the most pdi~cable manne available in the diseredw at the Authority.
As requ'f'reom dma to dim= dudnI any, Powes Supply "Y'ar s-fl ihky days nousk= to rho arz."pa~ut.
the Authowity adopt an s-mende AnnIutl Project Pour 1Eudsei F or and app'liazble to sue-.It Yeari oro" the Year.The Author~it will prepar aud lsuaz to the Paritipant thet folww :prepol eacb month ni the Power Supply' Ymz;* (I) Finania and Opeucal Statemaent relating to Projme Four.(2) Status'of Annual.Project Four Budget,*(.3) Status' a! Construction budget of Project Four during contuction,"(4) Analysis of opeations redn to Project Four." Ssction 203. Recortds and "The= Auth~rity' w1"J] beep aer-ualte ireourdal lad ac4Lunts of' each. of the. fa'lcuja corupeidn1 P-rject.Four and ofeh 0tOPufouso or hcAu~bmrity n accordaitcnwhth tbe nt.f'o~m Syztem of A Es-id acountes-bl be[ 1hiec tm!o an LannUal audit by a Em of tnepend..L at15 pusbll4 a~cpUntanbt
- .eapcrrencasl caric utli~ty ac-caeul.ting and uSf national epu~taton to be aubminlur to iha'Aotlsrlty w'hi W[ Ihw£ days ara the ele.a or any Power SuppZly Yeasr. Au tm'Ia/actions of the Au thoity relating to Projact tour with repect to ech~ Power Supjly, Year shall be aubjet.,to su~b an audit. A cmpy or are ann~um] ludt aba] be delivered to each Pu, tlelpanL.
- -Satiod 204, Ceezuldng
]14w.(a) The Authority wiLI retain a C~onslting ize. to as-int. advua and make r~o=nom da1o.to the Agthwltyol OfJtnttn reaing. to elc~tric power ge.4ratlon, t-asnls,,son, poe suppl, electri, utility ope.,ations, rats-a s ehazg.ai, fs-a'oLbtty and budgeb and halleml casu ich Conaultinig to prepare within one'handred and twoney days folowfig the d"a of cach Supply Year an" annual*omprh~eve enginwit rreort with respect to nrjec+/-Four taor to lminedlatelezdin Power Sup~ply Ytear and whic shalz 15i a report iu reasonable on the operaions of' the AinthwiJty, including ll items req~zire by tise Bond Rol~udou to bea rcpcutted upon.* (b "Tha Authority salxal cause a copy of" as-d e*rjhrneerin rqru to th" de.live~re to 'each Partlepaut-
, S.cti.n 205. Adjiatroat of
..*At esl..d ol ech Powru Supply, Ysr the ALuthor ty shall deteteui Ut*.o agg4regate a]mount paid".during such Power Supply Year was In the propr amount, and, upon the of such ddtsanmlaa.-
elan, any amun found to hare Icflt paid byuize Panledpans In of s-he haye bean paid by the snc ( at s-halt be credited on the Proj:4 lFour URllng Satnnna ta~tts te Past~epa f'or the rnmasnln moth or month of ,he Power Souppy Year nest sucx:dlag the Pawns Supp]y, Yeat for whic~h inch adjustment was detemineud to hay, been nececssary.
Teup'cet of the amoont of £11, deiScieneyuhl he added La each of the nest ten Project lair Dilhing Statausnts in the evan t-has-te fralure o' a Parlicpant to pay, any aiOntSn due under t.hista.cS shal~l hava] resulted fat1the arplics-tjonof amnonna In anU~y msina or etkis fud tundr the Dood ResoluIon to theo payxna i sayszbia fro such ramurv or working fud and the other Purdldpanztasthani bae ullde up t]he ddricincy aeautd by such application or paid aldditional arontsul into such resetrve or 'workingl
- thnd, ta~ontz thereaftor pai to the Authociy by such psrtklpt tar .pplkatbm n tsuch lust due paymenlO shall be cnrdite on the Pr oje"t. Pour h~lu S l ate of ~such'~ ot.er Participant.l In the neat month mr uionthsi be apprepste.
SectIon 206. Dlsputed .lonkly Pro j~l Fou' flDlJhji Staeme..In caao any porliucf of aily ?roeet Four Bilflnj Staiemrnt ra~eived by Lh,, Putrtdpantthi Authotity IhIIL be Inl M dixpul;, the Puxtdppt 1shait pa the Authod~ty thre fu~l a mourm a! suds Stitctiezit, and, upon Slut corrct amount the bctwicc Sudi correct amat sod such full amount if any, wil be eeedi~cd to the Pan~pzt by thai Authorty atierdstcrm.ntlknn.
In the event such Statcmocul hi in dispou 1 the, Authority wil jiv casid ortion t o such dispute and will advise the Particpiat with repr~d Ito ha iclative t.heecAL within thirty days fo~airtg w'iztenu nat/ilardon by the o! such dhila Section 207. Soui.w. of Partldps~tt' Payaflaxs.oblljatio~ni of thc Paliolpaci to maie the payments to the ,Author'ity tund this Contract shrati *onstitrite general obliiiload~
of the Panicipat fat the psyu~it olwhki t full faith soil mrlit or the Patrtlcdpxnt shall be and the sian hereyh7 ;lpcdetd in provde thea funds r'ufurul to fulil ll" "i uzdcr this Contract.
Unlesar such jayuieeu at pruv~ons for such plyiietashil have been nmtda from thrcz~auea orthe clcjriac ystem of ir tPsztrlpant or from otite fonda , lbs Participsnt will annuallyli ea cch sad ever yeat the teem of this Cota 1nc in its. general revenue or appropr4ation oneirure-, whettht a not any cili itm~s ar Includri.
smoas suflFdent to sadaf the payments nqln ta b. made: In each itr by thzaeOtutflaltpaymwtaxz requirus u,,da thus contract have been paid ha fulL. In the em.t for any raum any audi lkw~on ar appropriation Ia ot~ madea for a fiscal year of" a Prticpant, the Ue duet rital omen Of the "Pirti.pantahaf, in aco0rdtan with Iheprovisons nf the data of' this Cefst set up U sIt app~roplatlon An the accou~nts of the Participnt to eac 6it1 the amounn wnrcol to Ipay the ob/iatius catted fct under thi Conuso Tho amount of tbo appruprittoo lii audi Bm! yeato meat the obliulfllon of thi Contract shall be d uo and payable arnd shltU hc epcndpd for lb prpa of payina and we-tirilthe o~glpwtio pzaddd Wider tha erm ICW51 conditions of this Coneslt .4 aj udi mppxraprlaon shall have the. liue lepi status u ff she Pailunt had Included ri.s amount or ths in its genat revenue or appruiratice OiUflLS Seetoe 2031. Eats Co'sa~t....*
The Patrieli/ant wfU esatabl~sh, urn atcale mnd coialco ratea ad ehas.r. fat th cinee-ic MM-am of Its50 Us to provide teve-ousm 50Ciroii,, tclothetr with av~la'eta elO r..c toi en -,-Iblo the Participant to pay to th Authority sit £mauntsjayiteh under this Cemima send ta pay .11 oth"e*.amounts paywbla Dad aU LIw1ttL~hIZI.
aip*[w4 or liens on th suvuua of 1 eIt Into any contract pursuant to wbich a noucecurt pnce a~xra en take, or to stue U pay [ar, gxuu~purdiased from ]Projec Pour. pw.e of the prccdiej seat~ 0,0win1. pe ace" shlld any entity wbich Is not a ,tate tesithory, or ponaeuan of abe Unlted utales I, Ith itske of Canobia.of any politlezi aibdirislora thr.-eu, and which I not enasupt ftm tm.lcni undO- Sen-l. -'01 of thbe Internal R~averc*ode of 1954, as smard'e&
ARTICLE in U~zan1cPovtm AND 2ItG&.4... fl f~~i.4m fPrjetFROM PROZE OrPOU *The Authorty 0 sue Bond in seu coair tiour to time tinder the B~ond to inmum ucqtJL't an owil Plo lad Path. The Authority wlf caule to be dilytI~d to the Prlil~psU the output and aervlcu or etch hcillty of Projc~t Four 'or the wefol lIfecof ciek such fadliy, subject to the prodilorr of Sectfotu 302., 307 and 311 hereof. " Sadi~e 30L. fntmertumdou Arnnge-tab.
rile AuLiordty.ndJI pure~hse or prdd SUch icnentieg rapacity rzrbo ai~ri*ce, 'tnnsmiszroa servce, ucltztmn ci e tvie. euri=,ca isnice anomy htc~imnqo a=enc arid other Inrc~hangc servce assoc~ated wit Projec. Four au oay be for t/e reliabl =rid ec'somznbw itply. of the output and ed 'vca aiProJeet Fai. Th Authority may ese sergy from P~rojec. Four "ewbx,'in the detrmirnatlon of' the Authority, Is aurp~es to the rqukuir,'-e of the u such surpl,,, may be musllble from time to timefor the vu,'me oteconomy inte*euaug. .uvrey or othur Intercungo serv¢ces "4th others, mod =ay net revenues rec.ird by the Authority for a.ny auch services*shall be =cedited by the* Autboriry to the An~uIlProject Four Cits: Sectfon 303. Oparulfon and fdai,,tannoea.
tabus the same to be oil-ited, inuitalnal med anageld In an erdent mud manner, consset wfth Prudent Utility S' etie. 30d. jesnece .." The Authority shallmaintain or cause to be amstlnsled u CuU ofAautulaitlou n
or Mnaul Project Foar Costs, sua.h tsuxuneo wih rnspet to Prnjat Four u shal te ava,'labia mo a Is usually carned Isy utilities and operating generatni facilities sod much othr Is" tuanu~as is usally OJT~d by electric ut~iiie In conformity withJ Pzodmot Utflty Pratce.(a) Th Authority iaiU dete.r~mi ll zlof Its costs the outpat' md by the'Authmity to thePartlrpsets relatingI to eac istifty of PrrdJct Pour for Power Supp1y Year, Ut set foarth in theAnnual Project Four Budget, or t.e ,,mei~de Annual Four Budg.et adopted by the Aetbo'tty pursuant to 201 bz:f., med such cmts ikl in the agIregate tb- eqa to the Asians] Prjec F'our ." (6) The Annual Proje:t Four Costt for th 8ermiearmo and reited ta~su l .ioa fadi]itla of Proje't Four shall Inchude the ton Items of cst a nd se ." " .*, bat not/limited to: into any fund or account e,,,lihe by the Bond R~esolution for the payr=met of lDebt Se'vdce mad any res.rve req'ufreweol for Bods;(B) amounts (not otherwis Included uuder anuy lt~m of this Sectdon 30.5(b))/for the fmdll~w* of Project Four which the Authority Ii require~d undae thu Band Resolution to pay or d~otl dUrinl guteh PowerSuply Year hint may other fund oraut establismthed by the Bond kecolt.* do, and Jshal include, without llmlauiov, ma~ky such amounts re.quire~d to maUke up any deldacy u ny ruy elva fund or workdng fund required a pawdiud~ by the Bond Resoution rueniting forn a defanlt In pameta by any Particpant oW Partlelpanta 01 amounts dute its or thei" Project Foes Power 5SuM Cort~eits with he Anthority;(C) armounts which the Authority Is requmir to pay to, or payments iaq lieu the.eof attiibutable to Faui (D) aumount' whitli the Authasity
_s rquired under the p nv'ious a! t.he Bo to pay or deposit Into a reseve for rie Wall and rep. crnarts; ..(E) am~tlntU requite to be paid by the Authority undr the provisfort' at the Baud RacoI'-.a,~y fund, aedosat ci sub.accouat catabliae therrsndU to maJm tp for Etymenta thucsdrm to any other fund, swaunt or 'ab-amount uas rezult c( Inufficleoy 0trrvensu.
with rapc+tito
- ay ,project inatnced updcr the Bond RUOIlUII0n for which the PutJipaat has ezeu~tod ac*ootn~t the Authority for the OniUl, and servic.s (F) amounts wWicb must be set sisde by the Auth~oriy for thc retiremnct from servce.decnmllonlna or dispoiai o/. the fa~ilties ot Projot Four ii may be acquired by the Dond (0) amono tl wich. must be paid by the Authority for the pwehaa of menerating capacity rescrva far ProJect Fawi and*(2).- An.ual PetFour Cm,,,," ".,ichmeanst
,,,,,ti An,.ual Pr:ojec IUlO othe ,ien ,Annual Ptofrt Four F-ie4 Chare, Intud~in, but not limited to: .a1l coat of praducln+
and de.]iverin el'ctulc powver ari from Project You" to the Paxddpanzs including, but not l~mitJed n., (I) Fuel Costa tad other ordliu7y apaitimiands maite-nancem ceu and provisions/or mresre tleretor, admi~ drtve and a*cneu] ns iuoru, ee and.ovedi cad cost) and any charges psyabla by the Arnhorlty in with'lb output of Projcot Fair. (I') net coatso oscheduled.S eulczg-ncy, ecorwazy or other intecrhange ae.ice ilncrrld by the Aulboelty I- connecton with, Project Four, arid (ill) a share, detmiciair by the Autho, ty to be.t lloeaiic to 1F.jec Four, of all opcrsliors and malntea c oats etatehd~ to the oleration and* conducting of tha bdsl, nriu of Authority lIndudlog 5sal13C, feca Ibriegil.d enlhneuin.
and oter seavces and a11 oitie ezpcnsez propely relattd to the conduct of" the a~ffair. of the Authority, and (B) amomun required ot the Authority by the proririons of the Bond Reslolutio, to pay the cost of or to provide reae~r'es or (i) cztraordlnary operting and nmltent~in=mc lt icluding the coat ol'd~c,,lad, emergency or other interchange service and the prtvc~tioU or of any urnum] Ioss or damsage to luep the fac..ltit.
of Project uoor km scod operatdngl cldlton or to betterment .nd Irupeovement.
necesfay, in the opbdaz of the CnsiltUng Eatiser, to izup tir racDltj of Frojeat Tour In good condit~ion or to a 1055 of revnesmt rnzp,,fm sand (10 any ma, or additions, Improvement., repair erodiic mcLltiana to anbyic x' any?elzti~un, dmwmnlailloninp or dIbpmls of any na.. fac~Ity, requlid~mlh man alP.c~y havwinjurisdiction aor PrW~ci Tour or tar which th Authority lhadl be responsible by iditeof any, obl, igati.n o1" the Author..ty arising ant of any coatuact to which thu Autliadrymay tb".re kdng toronmuhilp of.Project Foar or any facilty thereof to the cxtat that the Author.-*iey h nec retarbarn uherfer fero thon pnocod, otiozuauc or foods tor sueb peymar.s ar not arailable to the Authority th,.rdr tram q.n7 or acouasi ,.ataflshbed undr t.e Bau Rsle-tdoe, or ungAs .oe ouch pa.yment mm Doe provied or to he provided by the hsanens--
at addfdonal Blonds pursuan to Artt.ch IV .f thish Contrac.*Sectlon 304. Electric Poiser apad Energy Prawded by II uhct'(a] Th Autho'ity will pwovlde or cause to b'pruvlded to the PariitiCpara output and aervka .f-om Proje.ct gour and servlce ducribed In Section hmI, a may be avalble for abe uef'ul lif"e or Project .Four, and shl continue to provid or cause to Ix: prodded to the Patricipant li Supple.mental 0 S Bulk Powve Supply whic may Include, but shall not be limted to, partial and ruli rquirements r power.purhuaes unit power sepir, fim and noafirm ,-pacity and energ service ira~nzwisson eyc (including narvlce b7 the Authorty to supplemet the Pailpasnt'i mont Shares of trarzsafsuon provided b 7 the Autherity under the Power Salos Contract traso those syste~m fae:ltlui Icluded In Project One], and other interchange aortice made available as a reulit of trsnhact~ovJ wi other util[ties.
It is r gnlrndz thatt the Authority may also.* undertako additionatl b'oject~s In the future, and that the Participant ma~y contract for outpu D related an-viles from any such tuture peojeeCL (b) The Authnrdty many combine the Annual Supplernoul Crot, the Annual Two Co*st, the ,A.nual Project Three t A~nnual Project Four and tho annoal cus* of any future" psoject undertaken by use Auth risy !or which the Participan't hus ecceasfe a contract for the output*antd ivitad aer~vlce shaw, for the purpos, of establishlnl rates and hsarpc, or may establihb for any of such costa septrate rates and chrges, at the dincteslo or the Authority in either case subject to the pro",akans or Sectlo 307(a) Iserc!_(c) In the event any'Partiepnt prcoue, alterate bulk power sour,-- under the provliloru of Sectloa404 of' the Powir Sales (sb-act, such Par tkicpa.,t'a Bulk Supply he~reunder s~hall be-deemed to be not less than she product of such Particdpants Enttlde~met Share, ai dednad in lts Power Sal1,' cotract, of the copacity related oustput and ae.icul of Projct .One provided by the Authority unde:r she Power Sales Contract niuhtplial by.* fractin the numerntor of which h. the sum of the capacity related output and service of Pr0OCCI One pro-ided by the Authority to all of the Pojec~t Four Participants under the: Power Sales Contracts plus tha capacity related outpl t services of Pmoject-rwo p~rovided by the Authority of the Pariciants under the Projct Two lowcr- Bales Coouact* lu the rapacity related output and servkce of FPouject T/uen provied by the Authority to all of the Partcipnts under the Project Power Sales Conuacts pus th capacity salated output and* servicc o Project Four jwltiedto all or the Partidpats under this Contract, tad Ibe denceninator at* which l the sum of the caaixty telated output and sevces of Projec n Grut'prddd by the Authoribty
- to ill of the Projec Four Participants under the Power Sales , '* Stectin 07. Ritat and (~rga..." (a) "[heAuthority will estals and fai/r awl nondlseri'nnautto' ratt sad charges whch wil povde¢ reve-ue that aj Isufr.cient, hut only ancient, to pay the A4nnual Project Fou~r Coal,.whectbo" or qot such Costa ar ceombfulue asuthoized byv Sc.ion 306(b), with'Annaual Project Twit Cciii, Annual Project Csts, Annual Supplezmenal Costs or the anual *c,, of soy fltsuze projects undertaken by the Authoiy wit rupect to which the Participant baa eatccuted a notact for oatput an .arlcu therefm.[a.
- (1) The Authority shall bW th Partcipant each month dudna e~ach Pawer Supply "Yea by providing the Pai¶tdpant'wlnh a Project Four Bul/bs Sateteispt for such snonrth (or-she saevice-obtained by the Participant from she A.uthority as act forth in Section 301(a) h~reor, inanu amount e qual to Iu poreocs of Annual Prolec Four Costs deterininc in acerac wits the. posionso of301(b) hereof. Sattomant shall be paid by the Participant on or be/'ore* she tenth day tw" in the date of such bill. Aaemnt duo and not paid by the Participant on or before said day eihall hear an sdlislonai chrge of one and one.half (I ll) percent per mouth for each or fraction ttrcl',di until the £nrount due Is pad In Iha. At th aund of each Power Sapl~y Year. adjnstrnen of billng ahatt be made 5n accordance with Scton 205 hereat Cc) At lgch tini as abe Authority Lesucr additional Bonds in 8ccordehc with the previJon ofhereof, or at such tios as the Author]y shall have determined that PmoJect Four or any part thueref shall no be completed.
I. not aperStaln or operable or its output Is supne. Inte.nupted, interfered with, reducod or eurtall ar termnasted Lu or inpart (bit Itss ant declare rjct, Four ta be toally and peznamnatly rtired from service).
she Authority will adjust such elmnn of Amn'ual/Pjejeca Four Cost us are necesary and the atets and chrgrcesptabltsicd undrSectioa I07(a),tO .
Iietrot and the Purticint shall p~y its share or such adjuted ratts and charles p1iumnu t to the prmvisiooa at Se4-'Oln i0a hersor, (d) In the event thatt Four should 1>e tcrm'ataid before being placa (a ,rn'te or ahoidd be dciuscd byf the Authority to be totall ty Fas.. taertS1, rtuehd itoa servncernd no ptttput or sc.nloees theref'rom are being delivere, thea the Priecot Four Ohiigmtion Share of each Partidpant as or the rime of such terria'rico or d~eelztlon shall be that repetve pcrct5Lh8 act forth in the Schedule of Obliption Shi~ei attached herto; and the Participant shall gay Its Pr jer#t Four ObIp.-lion Shire of Annual Pi:ojcc.Foor Cazs~ru shal be set forth in the moitthiy ?roject Four IDi 0 8 m Sltatenart which shall be submltted by AUtbOrity to the Participant less the allocable eredles to the Pati~lput's sar tm auch cat rm u oar resuhltn from erlnnct wth othe utildtln eterd Into by the Authority pursumat to Secion I11 hesrof(, U" iny, mud such payments shail not ho sub.ect to redctio.n whether by ofiht m otherwise and shall not be condtonal uspon. the pertoramoce or nou~rf'o'msnc:
by may pazlyoat any' sgnmtntm for my cense~ wbuc~er,.(e) In the event thai Proj.re Fer is totally out of 5 but 2su. not be-a icelarcd by' tb'e Authority to be totally, and permanently ryrn from sevc u provided In the foregoing[
Section 302(d), tad the Authority is .unbin to prvda any of the servings decsr.ibed in 302. the Atatboriry notify the PE'tJcipant and the Pirlcipint shill pay its Project Four Obhlgtion Sha~re, Ms set for th Insh en Schedule of Oblgfatc Share atntcend hueto, of Annual Projct Four Coa as shal be act forth in the monthl~y Project Four IglUln/ S~tatment which sakll be rebmtr~d by the Atathotity to the Pirddput Icm the crcdlu to the Patidcipant's share cf auth costs from" re~cnue vaultinl from cootructa w~e other utilitde entered Into by the Authonly pursuant to Section*311 hetiof, Winay, tor so iu.! -a su bcodltions'ob,.lo, and such pay~tsru shill not ho nsbject to redaction whetter by' bifact or otherwise and shall not be conditional upon the perormnesno or by any party o' any tagnocs fara any cause whatever, Saclion3418 Power E.ntltlement said Payment bl~lgttbno.(a) The ?v.ildpant shall take fromnthe Authority output and servces 1i'ou aid acrvtces provided by' tII Authority In au~a~nee with the jeuvilons of Seet/on 302 hereof, as way be aviP~abt for she use'ul I/Je Four, and. hazed upon the rates anqd chrges~s ,otabliate pursuat to Secton 307(a) hereof, the Pautldpant shall pay to theAutihorty its portion or she arnual P;rojoc Four ( b) Jn the event the Authority shall eamb~mnAnotia Project Four Cost with othiret *as, u act Fo-thb In Sections 306(~b), for the e/stablshi~ng rae and de Authority wil dentify on the monthly Proct Four Bflling Statement submitted by the Authority to IJhat porton of ,se to be ieeivad by the ^Athority fz the Psndiazxt produrd by sue --4 an chargas that Is allocable tO the payment ofthe monthly buld.letd anun ofAMasta Project Four Cam. Serb portion shalb by .the Anthedty's tonlw., Durina any mouth ,la
- Sutpply Year. the Parsicpmnt'a porteu o thc monthly Ann,,-l PruJet Fats, Fixed Cbaqls shell be*suc:h capacity setted revenue faraueh month to be: received trum the Partdclpant by a fraction the imams to of whih hahll/be the budgcttd amount OA,6nnustl ProJec Po Clarjau tot snch month (len tan eapadry trelate reveues acsualy rccst, cd hi the Authority dusina1 iuch .mnitt lmi psnnt so Section 3!tllrcru4) and the denomna(ntor ofw,, ch shal be the stun ofthu budatl, z samnant of" Anua Irwiece Four FPied oroattsu mouth (ls, any relata revenuur-sct,,-,ly grzlve by7 the Aulbee'fty dustn month psuusantt t~o .Section 311 here), tho budge~ted amount f A.nn~ual Project Three Final Charga for such mouth (Ima any' eaptrzh-relate s~mouns actualy re~snic~d by' the Authority during such month pursuant so Secton~ 311 of' the Project Thrta Pt~rw Sali. Conntrct,), plus the bud/eted amount at Anoumi8 Project Two Fia (Th.ge for such aonth (aa any capaelt 7.r'lsfecd revenue actually received by the Authority during such mouth pumsuass ma Seto 311 of the Project Two Power Sale Contracts), plus the. actual amoun of apaczty-related Ananal .Supple~mata]
Cats for" such month, piusi thin budgeted amount of' capacity-redated~ anzsal etnuretools sueb mntht of any future projects undestalen by thz Authority with II r,.,ect to whiob th Psrtkrlp,,t hins asvuud a contract -,d Lbs r.su have been coinbino f'o pwee of estliblhzhloi 8 rateh an41 d chrgb',es; and Lt.m Partilpesat' portion of the monthly GILd.Annua Pro~aet Four Cau shall be such :nsayrs-ral.1 revenus fat such month to ho rotlved fsnn ILbs part/kipa t mulll[lIsd bya rncdca the numerator of which ehlls//c t]e LUJ3RCtad smotm or Other Annual.ProJort Four C~ osts'o uchb month (les any cnergy.re~latt actually roedvu~d by~the Au~todgau s-h31smoulthpluduant to Sdioni)02 and 3I1 heroOmt)rod 1.1ed dmimnit ozojwhleh s hall be the sum oltiba hudgoted amount of Ot~e, An slX'rojst Four Conts to: sual month (Iis any yal-retstcd rovenrsac tcually by lbs Auth~Efty durL~n much mout lunuaiLt to.Scdtloo 307 and1331 bhrco), plu the: budged amont oJ" Oslc Annual Ploct "hree fotrlor curb mont -(Iusi ay .nargy-relatt rovene~s actually rec.lad by the Authority dusteg such montis puriusnt so Stet. ns 302 and 311 a? o! t Pro Jotl Three Pawsi Sales Contrct), plu the budgeted amount of" Other Anmual-Prococt Two Coess ltar such month (lazs any eners,-rolathd reven.es acually ruclyed by the Authorit during such month .uruanmt to SectIons 302 an 111" or tSbe PrejeeL "/wo Polo" St)le, Coutras4u) plus tb e mer a mount otenoily related Ann,,al Suppleamntal Costs for m.u:h mouth, plus the budgeted amounts or sncrej related annad onsa suchl mont of any future projects.udwts .bY th.p ,Authoiy'l,-b in rpee to whic the Pauslc~ipan has ezc.te Lolniract and th-cents of whc hay beePn mnrined f/or lb 5 imrpoje afasabllzhlnla such rates and ehre provldcd, howa'cr. I'during omuc nucathl tbs amountl to be paid by th Perticipast ptmm'uia to the f'oregdngof thxis Sec-ion'tor ihe/r portdons ol monthlY Annusd Projec Four. *Plx monthly Other Amnual Pwlc~t Four CreW do uot in tite ..ggvegas ,equid she budgete:d amounts (CIT tota Project Four Cbsqss and Ocher An,,al Project Fois Coau tr h month Is'Ima rev.unne actua~ll rsi.(a~l~
by the Autlhorty durIn such monthIms puun~t to Soini 30 and 3t11 hereor, she Pausp asti~' p2111o0 e Annual Project Foor Fale Charesu ad .Othor Annual Proceci Four Costls .ah. be sIjuae pro rats so that the sum of all ol the Palrldpanti',port.ous of rauontity ,Mona]s Project Four 1ixe Charges u so -dJusted and the sum of all ofiths pinonsof l mo~shly Oibq Anual Project Four Cost as mu adjuzst! shall equal one hundred (10%) pa-u.nt of* the budgite Annual Praiset Four Crau tro each amoth leus guy revaina actually receved by the-Authority duringa such month pursuant to Sections 302 and 311 heref.All paymn'ts r~quiedlo he mad.~ by the Participant pursuat to thi Canustnt attrbutable to Projs4 Fmur or to the Annall Project Four Costs shall he p*leded tO ecoUr. the payucns~of the.*Authwfts honds.Sectfon 318. Fay'mmt as Operatnglapea.
Sn.,ol ari sa ecsrin power abd snerrD shall actually be ecceve by a Pasd¢Iepst i'ctlity or facIl~its of P~qja rour, the Far tlcpent's porlon of Anmual Projectau P sa hal. mbatpaid by the-Pait~loantsem ou
- te. I.puchused s*leeri pow :and j en fo PartIcipant'.
- electzlapz a nd- anI* epe.tu rol'pen'tlo a,,, msintonene there...o**
.-... ". .'-S~cdoa'31L Qru*ila to Anneal Project Four Costa.Tire Authorty may. pulrssqant to Schedule A.herunf.
ielU th OUtput and urrlas ofP faciULtie indudt to P4reject Four to othecr ut~iiis l~a additIJon the Authority may utilze, ad and ehtalg etjecapacity and energ fro Project Foaa" whenevc', In Its d~isarelon, soy Iseh rnmsactina Czn sesuonab be tiece to result n a more reliable or oromical overall Bulk Peeve Supply so the Fau_ drlantt The .alepased iproceeds fr~om any such mule or trunaamnloaashaIll, to the estant practi-cab!., te ,eadmalodin the Annual Praises Four Budga, and any Ocs revena actualy trecei/r by ,sho Authoity as t.e rns'ul of such sals o" Ianu..tiona shs~ll be audited to Anual.. Project Four Costs.12 Seeden 401. LuSOCeC if Add! dorsl Bends.(a) Additional Bonds osay be sold and i,-ol by the Authority In aucorduanc with the pnrviaim of the Bond Resolutfon at y u~n~ i and from time to tim. In the event, for any rreason the derived fom the sal. o the Bonds ml parpuant to the© provlsbon of the Actaind of thu Contract ahf be buSicniofdt (0or th.e liorpn of comple.[ng the he{Uticsato Preojet Four and p.ladte each faduicy theeo In Commercial Operalmu.(bo) Addhtiwna1
'od, may bc sold and Issued by the Authority in arcoraneco with the provisions or the Bond Rcsolutlon at any time aod from.tiae to time In the e*vnt funds am required to pay the cent of (1) any renewals, repkscementt'rsepra~n dditions, bettermonti, or Improvewnt/, to Project Four 12eceaIt17, in the opinson of thu Q(osullng Enzineer.
to kuecp Pro~cot Four in {tood{operatnt condition or to prevent a loss of reveana secfrdow,.(hI) sny nr.~or additions Improvements, repairi, or modJl*ad ons to Proj~et Four, or any resl'emants, de.ninmlaztonlngs or. dlrpatala of Project Four reulire by any Iovermenl ageUCy havmn JuKlsdktion ovar Pro.ject Four or for whk.5 the* Authority IhaUl bq auponJ~hle by7 vlwe of any obl/Udaio o the Authority adhtzn8 out of a y watilet to which the Authod ty may be a party relatnai to ownceritiof dPrject Four or any facility thereo, or f (ii) reload fuel or additional fuel llnventory ttr e*cb faclityo oProject Fou~r In any P aw- Supply Year to the exit, h that suodast funds are not ava'hable in any raee establlshed by the Authority fcr Furl Cwu provided, howe.wr, that no such additional DrsJ mayV be* isued fo te purpos of addina a ddltioalt gasreuiztung its to Project Four.* (-')_Any such additions*
Bondeshall be: aeuu, by m~asilzenL.
c all pa yme.nts atbtrbutable to ProJe,-t Four or to the Annua Project Fotu Cost to ba wade in accorda.et ruth cr pursuant to the p~roviions oar th Contrc.., and aU othor Project Four Praeer~alw Contracts, LI such paymcnu way l t,ueasca tad extended by reason of th, lauanmos of such addlional Bonds. and autt additonal Bonds* may be uIssd in amounts ,trident to pay theful amo unt of inch coat tad sufficit to prutidecu:
rcmres u niay o zusoably d-tormlniA by the Authority to he ddlrablo.
Any ruch addltional Bonus offrdeo by time .euialmons CC Contract and ofral1other Project Emit Power SaIe. Cantratat betw,," the:Authoulty and the Parildpsnts relat/in to Project Four and to the juasnee of Bonds abortfer 'rith all bonds thereof oer luued pursuant tohand secured in aceordsnne with the pro visions of this Conct.u Beetle. 402. Isatweca of Ralundlrs Bends hn Is. Det the Proje'ct Four Cotsu to tsa Pasliepntz
- o. ectric'power a~nd =energ from" Project Four may be indoca by the refunding of any of the on~ds then outstanding or In the erent.it shaJl otherwise be advmnapns.
In the opniuSncoaf the Anthraity.
to refund any bmrhs *ha Aulhriey may I-.sue and ael refunlu. Booda to be secu:,ed by asal.mert of .1ll aioenUt attr'autable toroe Pour or to the Annual Project Fou Costa to be wadalan accordanoce v'Ith or purn'alt to tisa psuvislona of this Contzact and aU other ProjectFour Power Sale. Contracts.
Assy~aur-refttndingonds issued In'a crrdanca with .the piuw. "ons Cf thbs Sec.tion a-d secured by arsllanmast of such plymast rosy ranic'pard pahsu -to the securiy aff'orded by the psufaona of thi CLra,', and of au onproj 0 t Four-Poe Sale* (easlracU between thre Authority and the Patstidpat.
relatin to Projuct Four and ,Uso* uoote* of Bo*nds thureor with aD bons theretofore tsaued pursunt to tarisued I n aonsntaoc with the proiloru of this Contract.Sectonn 4Q2, Adjwbnarim of Annual ProjeCt Four Coat.Tn the "co~i the proceeds der.,hd from the ii uof any Bonds the aggrepta anount* requird for the purpose foe which such Bonds were Issued. the amount or sudsch s a zaE be use to, make~up any deR.de~cy then exiti ng le ny lund or.ueronet under Usa Bond Res.lution
{in the mann, 13
- 0. 0 ihecia proaded, and any balanec th5! 5,e sued t by purchase ca noid r armp4nr Bouds in advioce of and Inaucir evet the outfty we/ raduea siadb dle~uen o( Aunjiai Projeca Four Cosu am Ra~cellry and apjrpriadte to reflec mut itlerttd reifremeaL DEIAUTL.(r
.&edon 50)1. Evet df lnfaule..Fal~sa tr ,t,, Psurdpant to mahe to the Autbori' Any of the paymeota Yar whick, protdsfonr i ma~de In tbis Contract shbsl eomfIlbte.a Seft! au tepart of the Partdpmot Sucflau )OL Cdetin./ot ObU1Jatdoa, iRhiht to fllntuaS.rdcc.
In the event of airy uchSls desut, the PartLidpsnt not bez ref.lnved or itU lhb'ity for payment o the aingi~tn In default, an the Authority sallbsU t~he r(Kht to from. t!: Paridt*paa.
any amount in default. to enforecemcst of any $su.h rliht of the Authority may briui sy suit, melon, procetdln Ia law In eq~uit, Izxd.udtn 2 mudanus and ati-fon for specihe prdomacz us ma be nsmastry a~ppopriate to en/'onc any ouvr~t, 4reeare.nt of obl/gatton to make payTcnt foe wbk.. provisfon 12 mad in i~bi Conntri apslnt th: ?Px-ic~jat.
ndt, ,,ef Autberiy may,'upo ,aeywritcn anotic to the Nflert~n.cscai, c and d12c~mtTnue prov~dinj
.:n-ccirnder thus.Coouact.,*
Satcduut5O3.
I ot Taifor Ptynien='In the evt of such default by the Partirpant, the Pajlopant provide Ice th aeacaunet and cnlztia of' an annua bz aia~dert to proid fundo annoafly to wa1m al payments due wder theof this Contract in each year over tire reansindar of' the lia of' this C lcnta an h Autlrortyshafl have the riiht to hsi ay uitI. acrien or ~rocwidloi 1i .aw or in equity, Ineindlna.
madamuns and action forc specifc per(orffencc.
to enfoc*o the muannt and o.! eno~u-InS~ direet gnez un upcn all the txaibi Foprty d wib~nab boundadu of suc Pmnlezpait aiiicmt in am~ount to pee~ide such luoda annully in each ~ra ofth runalnie of the Ill, of' th~s Contzact.See tfon 504. Obllgudou Sbar of Defasdt/na Par],aLu.In the event of m default by. ,och Nziicdjut shall become lible lot the prattr of (1) its zrpctive Irqjcct F'o.. CObliltlon Share, as aet forth In the Schedule of Oblliadfn Sha~rm hereo. of', An~nual Pcojct F'our all other amunt, due uxnde this C~taetbruy1 such default.fag ,nld.aut or (IlQ It Fp~act 0 ttloir1undee Socrior 302 hereo, mndabaUl ren so llable for so long an pich ddalait ctiuanc,.d anrb tount are pair5.50., Ddmf~et by .Partttpa~t.
- Iu the event of a taliwre of' ,he Pazrdpanst to esabb~b, matntain, Or arl~i ratesar ohr/mdoumta Io peovre reveue t to enblutr P ardelpat topa.yafl anrounts dn to theAotbairy unde" inrtiaci or In th event ni falr t h1. Paruelpant f n" thc Antlovity it. Thrk* 3s~ in aecerdance with',he of thds'Contrac1.
or In4tae evet of any default by the*]PutICIPO O "*fl :nt.Ikzlrincrt or obliadon'ot tit Conuatrithe, Autbonty may* brin any aub ado,onor prculdag to awer In equit, Irndud~in arndamun, Iq3uoctmo and action for apodic YttfUaralICE, au ,ary bO II.*elM57 Ut apprupite to enfomena ny covenat. aslieeu-nt or.
ofr th Contr'act ftagaizt the P]rtI4D~aL Section Pafamt ly Asthoilt, " Inthe aitit o' a-ny ilt Authorty une amy covoenant, aveement or obligation o this CootraciA, thb4 Pandpet rosy']s suitt, action er proe:4na ,in lW In equity. Inc*l~udlWqunetlon lind ation fu.r adrer ~u asl piy be aecemafy or appupriate to cpee an.y coveat. a~peuat. or obl~gttonof this Contrat aaktst the Authevity." 14 Stetion 597. Abandolnment Of Remedy, In csie a"ny proceedin al tt]n oj ascuout of.,ny delauli aball bate barn dhze0,a;,uod or aba-dootd for any reavon, the. pixiia to such pmceedinps shali be ruuotud to their forme p.111lc. aid tights hruinmder, repectirely, and all r~ibls rn~edlia.
pow~rs and dutles of th Auth'b;ty and the Parxild-"pant shall continuea tt t/ugh no such prccu11~f~p bad been utae.Sect~on 601. Chrasrcter and Conihnilty a! Strike.(a) "hec Authority tenmporai]), iofrunpt or raodce detlycricau cueaqy to 'he Partilci-jf the Authority determines that such internption or reduction Is nectzaary in case oi crnupnd~u or in etdc to instaU euipw,,et La or msnak repairs to or cplscramros, Lnutetztiia.
nd,,, inspections or or to perform other work on hit gcnmtloo or tranmmluaion findidhs ntnd related 5-Altzr rifn'cmnln the Pan..lpso regardingt any auch planned incraptlrone or re~duction.
g~ing the rca.lon tbezeor, atndatat~
thin probable duration thcreif, the Authority
'wi to'he. best of [ts .bilty Achedole such Intrwptca
-, red-ction at a tdma which wil case* 'a least loterf ennCl with the O~ei'tion c'fih PartldpenU.
- ~~(b) Th Authority shall not ho rajuired t pwevlde, or ho liale for to pruvde, service wider this Contrast w, oa such Imilure or the crsadon or a*rtalwectI f o~r [rieder.c the ae',ec"* L caused by Uncontrollble Forces or, wltb to the servica to ho provided oro Supplemnctal Bulk Young SupplY, *u ,-aused by the ralinj* or refusa of any other bulk power Cu stae~tr Itot re~asoatbls
¢npttm'cts with" lie Authlority or by the Ihabllzy Of the Authority to ob~n si-ay reulired goiemresutsl approvats to ecabthe the Authority to acijulte or .mstruc3 any IacUhtlcs.
- Seedous' O2. Mi't tdng.to he pruvdded all .,ccuwys mezrhi for tha qusantty and condtin of the s, pply of dontric poewr and enrg deliveed by the As~thrity urader thi Cortntl ptuylda4.
howe~rr, thai the Partdprsmt may) at ;It.in cce
- I nstall additional meteringl eirs.esnts to a che on that of Lbs The lartiripat shall sapply without cent to the Authority a suilabte place far jistaltltp tho Ant/hcdty's metering eqsdpme.nL (b) If aiSy meter used for bO 'silngels to regigtr or is to be: i~aceumlo, th Authority al repair or rplcesc h meler. or case It to he repsirid or rep.aced,t
.,d an poprltas biUlaig ho mat te Late Pardpa/nt by the Authbority based ¶upr the bra jnfrmadoa available fro the peridno ciaIgdary dare,- during n metering occourad Any, mete~r Wned, and (qeMu to ha no than two perenot above or below eornais shall be comTdeeed arauratw Insofar, am comerrshn of is cennczuA../
u aa reanlt of'any tat. a mesarj h b'und In rqlaer In ezamof twopqun abmem, below normal the te Lb.redinl otrich meter pravionuly eake. tot bilu~ig be4 om'm for the peiod r uin which itt I. Utabltsrod the ax.ter wu bus no co'rs~on abl b u~ade for Power and eergy farnished to the Parti'cpant tider. tris Contract abal bc in the form oftisLiabillt of Pvrtls.The a ed the Parlldpant shall anume fllU "eponalbillty and Utibilaty tot thn malitta.nance tad aperason ateb!r respcdveprjopenes sad useb ha I ndemnify a~nd s~ae hatrmim tho othe trenn al liabilty and ezpene ona ccount of any and all darrials, clalara, or lzq7a to* or dreath eI pcnms arsing from any, ast or aealdent In cooncesioss with the instalaton prusulee.Is S matntanacna nd opentlon oltdie piopcrty tod ups~poent of the indemnifyln party and ent caus-ed iin who of Inl pstl by the nta]Jlgenc of .t~c othier psrty, provided that say lIability whbch is incurred by tir.A~uthority through thc ma~ntrnoee of Prejot Foer ,ud not coven4 a? not aufficlently, by Ii~fnsnc 'hail he paid iolely frrm thu of the Authority, and any payments walde by the Authorit~y to stibry rocb Iliabilty ahaU become part of the Annual, Project Four Bulzct."Sectlc 605. OtherTu'ms an Ceudidoizi Servien h~etreunder ahasfl ha I mth such otherr te'rms ald condilions a are ontabllahed as part oI the Aquthority's aervie ruc and regutatonu which shl act biIeorrastat with the provilon o this Coefrt.S ectio, 6g16 of ConracL (a) This Cota~ct shall mire to thc bco~e~t of'and ,hall bebinding upon Lbs respective suca.s~os, and a nsagi oT the Partie to tht, providrd, howevcr, that escept u povdcd In the rwyst of a delhub, ad, (or sho I~lUj~nment by th Auhority anthrorise bcn", nleither t6 Contrzac nor any rntis herein shall he..tranufrga or assigned by. either pujhereto axcept wl the cansnot In vvtn of the othcr puy hercz, preide:d, bow~vr. that consent aball not he atkhald unreason-" ably. No asignment or trneafa of ib Contract shall relive thu aticS ofsay obliption herundcr.(b) The Pa~rddpnnt ac.hsJwledges and alper that the Authority may asrIga and pledge to the Tru, tee doui~nated in any Poject. Foni Power Revenue Baod Resolution a1j Its sJght, till;, ad int~ust In and to all paymntr.s to be made to the Authority under theo prbvions of ti Coatrat attrulhtabla to F~rojeet Four or to tIhe Annual Proje~ct Four Costa Usjcuilty for aysnent."of th psiepal (Includlng alohing.fund Instaltznct),o.
4a adn pr~dwon, If any, and Lfntient vo aDl* onds, and, upon the UlcdilA ofiurdi Wiglmutni an rpdu;l suds Trztc. shall have all'eghsb and remedla hecrdn provided to the Authsrlty, and ,ny ruef ehenio to the X ut~lwly sha~ll be dc.arnri, w~th the* neassy chsoze i detail, to Include such "lbns te which bshll be a tbisi party b~uencicazy of* the covnanu. and agreement, of the Participants herein c*otaloo.* Section ED07, Termlnatln or A~me~ndm of" Canntsc.(a) Th Contract ahall not he ruintaJ 1y cfdbef pary uadar arny whethe~r basa apeddeably provided Is ehh ContruqcL
-.* b) Thxis Contract shall not hoa mended. modlk~d, or otLbcwke mditeed in any maonne that wWi aduencly affect the security for the Bond afforded by tJhe ar~otiao o thIs Contr-ct awwni. the pusebae. and saleof opowe hereuodu upon which the ownar from time to timeo Bonds shafl hay,".:reliedas an Ilducurnt to pean
~theBonds.
So long au any of the fladiarc outstan. '*or untll adajuate tz pjly~t ter,-eof have been ins do In wi'th tso prov6.osia of the Bodd lR.sobltloe, thi Coal~tiu ah-U uot be amended, indle. or in any annea~r wchich wVJ reduc, iho paymetsu pledg. das £cenziy for the Bonds or *.xted th rlmaof audiprovided herein or which I a manner Iupafr or adversely affect the ri~bl of 11w owner froat ti to stre of the Bonds.CcJ .in tuz re..nt 5) the Authority does not arcquie addidona interestu In Vo~u]* UOII Numbers One: and.Two us idantlde In the Descd~tloc ofr Projct Four or ('U) al of the i'~Paalun wblich izae entered into Fowe Saks Coftract 't .wth A~sc orl~bty ahai have not cemend Into Cn tasaci aonhandanly Identcacl to thi Contact fur the eUrput and servico of' Project Four, thntishal~l mnIra~te and nee pat shlUl] hasVe ay fute rights or he-reund'.
it6 ALltnar. VIE*SgcUoa 702. *In CiS sy one or warc of" p~vio of th Ctrsatcl zhlI foro msa" zwuson t held to be m~egll and entrrc~d us IL suc !nyuid rmlo had etaunL u this tn conflci wsdth e-n7 provhzks ofr sad or lwsw, tu hutl sa aot~d by the kuiia-.ture indi (.n tupntzd by th cowl of th1s ~auteJ! ~l leh llaafay p~mzbl harrofhcIn ctz*17 j .S".............- .* IN W/I'1"E-S WHEREOF, Ih MuIinkil Electr;c Authority 1 I u hi thu Con..606(b) bawl,' by iba Ac~ority to Ihc Truet so bc ddi~uUzd in a~y SupplcmenaIa Pm~lwt Fecr ab,, Aatbouity in aut ,?rtk:puzz Is hereby zdcnawleduti-, l as[ a oas day an yecar lrn: saovt :waitien MLTNICIPAI'ELECTPJIC AUt'hORI-tY OFOEOR, IA Apptoe4AITOF~rm-y .'~ -_ _Afl: _./ ' A Soz7Trasz cty& * ., Apparvb'm Au To Poem II!
S 0 DLsC1UPTIOl OF Tha (adljIcs o ProJc~t Four-aball bc th. ro!!owlng A flva ipc~cnt udl'viicd In tha tewo I ISO MW:* maximum zi Cr- oudw cocr Rna udt~i to bc known u the AIbi~t W. VostLe N~c~nr~r tn nzr.be OQ* .d Two (CwvduTldc dndgulcutd a Voitle Unit No. ! and Vo~itl U.nit Wo, 2 acid coIleztiveJy d~ji'td u Plant Yojtle) to ba boated nest Waynuboro in Dukn County, Ge.ou~is,.Indudl,,g fo giac utmst ( land icUnctedaz d duxz-ib Court of Thirko County, O(}xzia.l and aM land zhn, (II thc ni:zr rzatcuni, the t the build~ng, liutmeig th s.ma, the w~odato a.d equipnmt,an the re'late! tr~anmiaina faci1ie all u more pat.Lcularly dcncn'bed In the'Appflcat~cn, ,ad int,-d.meaus thz~ctn, by the Gcwra Powe Company' bela the Atomic Erncrw h Do,'et Nw.',.,,,M .50.4:25 sad th6 Anaiysh Repoti_ an aianmun,',, zle wnhb etulmnntat mro umo In with Pla~t Vogtde.* ". "
SCT{..IJUL, OF OBUGKTION HAR!-"Th Pro03C Fouir O'blatim~
S1ires o( Lh ,nual Faux Corn, Zzd 1be o tbceuric.i pzrivid by the Autbothy In ae~c~dsn¢c:
wth es O'Ec~dac 302 irdi 305 or" ib Cotrct, shail for ceaPz iid~cp~.t h that repczior~,~
P j¢ct. h'u Sh1w jrJ ,rti b rE,"~..;an .. ....... 10 1O[0. H q sz x v.............
0.25P6' ,r.......
... 0.41I. .711*5n .. .. ....*. .. ...499 l~ar.7..............
0.114 L aFayc: .............
1, .15 B z' wJoa ..............
0,03.1 Iarm.....
31.13.............
0.570
..........
2.J61.... ............
1,713 ............
0,02"7 Cuibounu .............
2.810 'uj .. .............
12.761................
1.093 M ............
1A462..........
I ..... 3.203 Moui1cio ............
0.405zks ..... ....... 7.707 & e nij......." u....... 3.070 Ccmznff. ...........
0.641 ? l m an....;.........
1.605 Cor ~ z................
2494 Ho1i ............
0.346 *Crirp County ......3.43....!,35 S7h1ni ..............
3.111...............
.. 0 Spyftstz.
0-9"9 P'Ur'um ............
,* .0.563.
.. .........
I..227 Pltzisuql ld ........ , .. 2* I% .... .. .i. ,... 4359! ,qi~ e ..6 4 W e a t /e h t .. ..........0 .4 2 6 .Ormnhilla
.. ..........
o~oaa W .. ............
0.12_.. 5 SOP.DUU. A The Authowty.
In aecodanee wit thin pwv~ini d Secjjoa 311 of the Qininct and mubjact to the prorlions ci the W. Vogde Nudear Untst Nuznbu Oat atid Two u lcimas .Am.ndwot, AI~9nscn1 sad Amamm~plldn Agreeznent, dated u of lNoiemocr" 16, 1913, Ocorgiat Pq*et Compsay and th Authorty, Into .' to sel a jxozdon of the output and ueridc of i Priacer ontr t Georri P lwcr Coinpaiy Sn ,ccordance with the foloig av *A. As to 38Q of the output asoelated wirth tho AutbOdmaooet Fonr, ruiie uiwl shll ThM lPodca of the Power yYor Diana no' U t kor ~C1 Four .1bre Full SuI9Iy Year Folot~ oiinegazi Opeirnion Date s.'Seaud Full Power S upply YearC~nmmudi!
ratfg,. Datt 37.5*
Yaur, Foiuth Full Powir Supl~y Year Ste'k'Yl y~avSu/jly.Year 12*.5 Seyqti Fanl Power Sup 1 I Ye:B, A.s to 7.4w o Iate output aewitrol wit1 tha Antbodt'S Project Four, much tales to UCewri Power Company *hal ha e.qul te of Lhc and acrndce hc:nlq wIdb ths Comada Opemton date oe a Unit of r.ofr Four and conan3 uif ba atn tci l o t feoziemtb fufl Poeru Supply.Ywt fdllc.lq the Fawer Supply year k wlelcb. Com m da OptuttuUo.c aut Unit C.. Am to t4.81~g c( the output ifloda ted with the Az~zuznty's Fou.zchr m ales Cornpony shall be equal to 1O0S o/f the ouput tad ina*ic t/s Cououmeal Op'r~o datJ a Ual lie cPrujeci aur and aheloudn oue until tbs later to ocrt af(I) rsfr~e~et a r~h Unit, or (U) the ktit to o thelalau data satk for thc payneet of tis Wiiptr i eBoo~t or or pwv, bein wl~ a 'rnh paymet a~wa~mzs wihhSetioa'1201 of the Bawl..grante~d In Se~on 311 to sell mad cachsing powut".n~d anera from Pz~uJct Four..21 0 S k4 PA71~lY CFGEJXiU This Pirt Amundan oe'projec't Pca ou r Sa aC~nrntzat,entered into of Jar~mry 1, 1966, Iy an 1~etei the Hamici-p ~a vlc~:rZc I4Ltbrty of G~rgia, a tiibYic 1o~y coro.eat and a of the Statu- of Geor~1A. heraelaJftnr sore-tium. rsezered to aa tha Jaiaruthyt, create by' the of z Ga..r. 1975, P- 10?, a, IT~t.l 46-J-~110 O.C.G.A.),'
and the under-pilLt1c~1 6uh3.LviSitc of the St~ate of Geor~La, hereinafter sc~-'WTTIISSETHz DE It ren~beed that a Project Potuz Po~.r Sae Oxntruact,* ated of 16, 1933, baa'been excuted previously by" antithe AntuhoZty-and..tae Paxt/cf!int, "and "* received Its uho1..sale power noppl.y from the City .of ovirti has-WaZAS It LaIivti £84: t Intlerets "of the ?wthority, t],e* partXcipants and Oxf'ord for Oxford to bec~x a the* aa~ti.c- of a ProJet Fair Saes o~nt.ra Par and Ln conaideratfon of t~he pre~dses and the amt:uai cti~anats Lan hereinafter Set forth, the of which Is hexeby ac)knale~e5, it is 8g~e55 by and the ai tea hereto that. Contzact (a he.,eb ae. a as Sectio 1, is tereby aizthiriiei to enter into foru of .ProJe- l'cax laver Sales'Corhtract" rith, much chanajea ag may be req~Jired to sake such contract appblecata.o Qicf, o nr the AuthoritY is. f'+/-rther author/=ed teo provide to Oxford. outpu.t and services'of Project: Foux in accordance vi th much contract, and tothat Oxford's Obligation Share of ftojaect Four'.hall be a.191t.'assirgned by the AutborityLto cordo=z Pravidid, ha~ewer, that the 1.&thority hereby agrees that it will take all na~caesary action to'enforce thin vayInt of all sum due by Oxford for its Obitgation Shr, and this Farticipas "zhaUl receive credit for its rata Section 3. ThE First M3Z1Trlft uhali e~factgt whe inlxh .e= nt baa bean by P cipasts wbose B5 ransini-, sloai EntL~~et Share. rqwset, Jin the aggregate', not lens than 151 of the total Px.tic~ipnts Transiias~n Enti tlemesnt Sha.r,, for .. 1to..ez~, that the Auhority nay gnLc to wor retz-actia. to Januazy 1, 1986.
IN the t~mlcIpal Eleufctrc Au~thorLty of.Georgia and the PartLci~arft have'caused ofL£i'mr5 and se-als t~o be hereunto iupe~sae anall as of datae and first abovu written.~raved A~s to Fona~rnznL A~praVed Aa tD Fo~* (~41~ ~pont AttoO&' LUlg ,°/Rso rrrcw~~
- AMENDMENT TO SALES BETWEE AUTWORITY OF GEOROIA TXE UNDEREIQED PA1TICPANT This. Amenuzt ii mac an ano of 3aw 14, 107, s (O.C.OA. 46-3-110.
at sI.), and the mdaizd .poLkica of Ow nahy 'mrim ;esgzIca Owm ll.in W]T14ESSETR:
Amiendt datd as of Ma 25, 1977,. T/lhhd/ A,,Mule-, dazed as vfFeliwua 1.1 97R.a Fourth Anirw dazed as of May ]. 1950. a Fatfh AmcidmanI dare ma of Novewhc=16, 1983, a dac as of iauz I. ]986, mnda Sevraph d.lw,,, of May 31,1989 TnPmc One Powt Sale Comzra"; a, WhEREAS, ibm Auahmft and duo Puzddpma eztucd imlo a. Sales A~mante date ,,, of Jauary 1, 1935 "Phjet Two Po~W r j A11JIUU a II Lt~A~ho u~isty .d the Palcl.arn zi fl Powa Sul~s Contzuc dase~I u of May l,130 zgO,;d a F'rst data as of Jmny 2, 1916 (mnf,.5 Affiohy/ Dd the PmtJcpmU ,,,ta~djimn a Power Sal. dazed mu of 1983 ,,,,i. Fint Am~dm,',, dae~d as of Inmuyqt 1, 1986*
itzu? mid WHEREAS, Atnoj miii tb Paxlp~mi wi to adi the tmar of t~o heaPwe. Sal,'s Coot and the Project Four Power Sae l~e referrd to collecivl a the "Powe" Sales Cafut" to the msimn palod alki,,S by, aw; ,,i.WHER2AS, die Authaily has detarnin that it wilnt) ertan4 wi' 5 ft.d cai detA camipozi, bend the tarn of m0 Pbwer Se.., Cutr,,amit
.the Ammr mid 1hz ?.td z wdsh to tawde foir a method of aUlciie of the ao ,mi ue'viw m'd cost relating to PoJects Twn, Projec Thre d Project Pou" "tor iho piod of te tern ae'.=on of the* 7oriu- Sales Cmaita vairgstn to archb P~nij~aU as ua for mi inbwdaiazt
- i. th, Sc.hedule of Ctrlilgiou NQW ThEEFRE for mid in oidautban of the and zegal cvraila and a~oeanishnal frt, -.in ore in provide ftr cartui-2-liwmii~r rbaage in tim poww" Sale. Contrcg it in apreed by mnd hatwco tha AW22mfity and thc*Ptidpazi thtd tnm a of thu PowuSalai Cambut nhalt bc em~md a faowam Stetdon 1. Ezta~e. 4 te of thu Power C~mbattu, Thu A~dority md iatnt .aiz 4 th tea of dhe Powe- Sale.(a) Thu tmnr 6Z ii. PI*Ct Ono Power S.le, Cn~tm~c ia benday* ctndn hu ar 1. 2024 uni J,=o 1. 2.oS4 (bn .tn "Pvjt O)i Twin (b) T'hu tan bfl Pro je Two P, ws Sae Coim in a *aztrned fitan Fchu 1. 2028 Jun 1, 2Q54 (0 uarcnI uP~uect Th Tain erw eijfm May 1. 2030 !no 1, 2054 (baiutAY "Pzject Thi Teru ".'(d) "The tw-of' l Project Fore lPowe" Sale. hambyhu "Nevunbe" 16, 2033t trI .1il Ju 32054 (hma~nfe "Pzu'ect Ver Twin Etuiwi Pmtiod'), Seceton Z. Allkalon of~irofe-d T"o. Pxiiect Tln'eo rio Pioi act Four Seto 08(a) of the Pujaed Two Power Sinra olbtist due tak hm di.h Autlavzty, the ougmS awl awicrv of Piroect Two based opan th ralm mad e.gt mbilshe by tuAuhtrAmt'pniumit en Sactia 307(a) oftbnn iJect Tw Power.3-A&hV~lIJW1r,,
s'aainwinIfrLv po m~al tu..S aqi/o £p= oqi Isz .tcpg .33 31sUss2.usd m~ql p.m £q qm szwi~ud ,£q pap~rp oamui Suiu e psmwnf piin =o~IAm6 Zp alxm £muzusl jxoa amq ,Aq adup~zu v to&i powuq uwdpza.j sq oj pwmo"l DQgo~x ai mji paw Apny uoF. ~ arp o (')c ~w
- o e, !$o AP3ny .t~u aWP l ffie 1LP 81.1J 3o2 oL & ,aI '4Iq3I mp p 01 m:=* djpo '1xm aqg p~a0Zmi 01 sN di Poect Th Power Sum to preset vulus (bnfu "Pzvct T"hxue Bilnh Sbe) The pieo va~ti cau on rbU ho hued upon a dm~Z~n Section 308(a) of the Projec Foi, Power Saics Cotr obliple the Ahuiyto provide to ewh P'roject Fouir aed sch Pardpuip to ehmr : by th Authority prnshmini to Section 307(,,) of the Pljo FiRoa Projec-t Fore Term Pzmix Peeod the output rod mevfa and eo~t of Foot~albe alostu to earix Pz't F~our Purticipmni bured Izpon a by dividi~g the tota znadn by each Pnrict FaIN Pe:szt mp~ fr- debt fcr caia ont durin the ecfrt of the omigina Iro of th Projed FOU2P'owU Cozdract 4usted to VLhi. dividel by the toa palmu,e made by uf Proj'c Four PsrtLcipsrrt f9 debt ad w~tlc ab[ h fr th ,.,tb.y of the oulinil of th rarlof theo dgfrz of Pojc Fu.A~xdi. "all, d~ie i~o 16, 2033, which ii the exi,,,o dale of th rigina thzu of the Project Fonr Power Saea Cafa thes Sc~ba1~r of P~ojac Foin" A~rL~lfr.5-ObliaIoiSm a ha mne a so (bat eac Pwjec: Fui Putrdpaz. Sectlon 3. The Azzlndthezby epe dat it shall ant cxtax di tzum of wmyezrc~uaJe of" exsn det pta to wokn erq+aI i PtwuJnOn geueunm deb dull dlnt be ezciai eod. Ftyh:n.uy 1, 2(128; eziating Prcjec flue g a~ion deb duf not be cixmmde b-yond May 1, 203fr e~dati Pojec
&b u nal~itb bezla beyon~rd NPov~a1:br 16, 2033.,edlon 4. 'T1e Powu Sale Contmcn as mamxled bmpby sha~ll in elffec awl u rm' ,ed~u~ by Lhe pro'lies.
Tearn not. definal hEn e~n to be ,'f"oal ma Section 5. This Am m rshall bcu:ui *.e:*tio wha dulyupttved and e~uindx dumliat by the Pu'lciman, an wbai azxue, cn id dcllv'at by th,'Affihntty.
Th Ai~hoety "will anly ,aeita and the Am u wht it baa demnl t hat the Amudi or h.ve bea duly uzaet--al and ckliv by echr of the cmual (49) Pzzticpursn.
- Appe on Nati Pap]-6-A'TWUSI n 4"17v1 IN WITNESS WHEREOF. the Municipal Electric Authority of Georgia has caJuwZd this A'menmet to be eiecuted in its ~olporate na-me by itS duty authorized oflcers and, the Awlhority has caused its Corporate seal to be hercurio impnre.sed and ancsied; the Puxticipnnt has cau.ed this Arnendmrnen to be executed in it, corpomle name by its duly aulborized of~cers and the corportem seal to be hereunto impre..ed and roteted, ind delivesy heseof by the Auth~ority to the Participant is hur~by seowledgsd, MUNICIPAL ELECTI"IC AUTHORITY OF PARTICIPANT:
CrfTf OF ADEL"" .___________________
ISEAL