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HomeMy WebLinkAbout1999-12-13 City Council (25)City of Palo Alto City Manager’s Report TO:HONORABLE CITY COUNCIL 13 FROM:CITY MANAGER DEPARTMENT: UTILITIES DATE: SUBJECT: DECEMBER 13, 1999 CMR: 449:99 ADOPTION OF A RESOLUTION APPROVING AN AMENDMENT TO UTILITIES RULE AND REGULATION #5, RATIFICATION OF TWO CUSTOMER CONTRACTS FOR ENERGY SERVICES, AND APPROVAL OF AN AMENDMENT TO ONE CUSTOMER CONTRACT FOR ENERGY SERVICES. REPORT IN BRIEF Staff recommends that Council adopt a resolution approving a change to Utilities Rule and Regulation 5 to amend the City Manager’s authority related to the pricing of energy contracts between the City of Palo Alto and its utility customers. In amending this rule, Council will retain authority to approve the pricing terms either by exercising approval of utility rate schedules or specific prices applicable to contracts. This change clarifies the ratemaking authority with respect to the City Council and the City Manager. To conform with the proposed change to Utilities Rule and Regulation 5, staff recommends that Council ratify the two existing customer contracts for energy services, and approve Amendment Number One to one of these contracts. The amendment will return the customer to a standard utility tariff (Electric Rate E-7). CMR: 449:99 Page 1 of 4 RECOMMENDATION Staff recommends that Council adopt and approve: 1) A resolution amending Utilities Rule and Regulation #5, 2) Ratification of two contracts for energy services, 3) An amendment to one of the two contracts. BACKGROUND In 1996, Council evaluated the competitive pressures on the City of Palo Alto Utilities arising from electric industry deregulation in California. At that time, Council decided to explore opportunities to offer customers a choice of electric supplier while seeking to retain them as customers of the Electric Utility. The Electric Direct Access Program approved by Council (Resolution 7657, March 24, 1997) provided a phase-in schedule to provide choice to electric customers, beginning with the largest commercial and industrial customers and expanding later to residential customers. Having the option of direct access led to inquiries from customers requesting longer terms for contracts for energy services than was provided in standard tariffs. These discussions led to negotiations which resulted in two contracts being approved in 1997 and 1999 by the City Manager, who was delegated the authority to enter into those contracts by the Council. Council subsequently expressed reservations that the development of the standard energy and energy services contracts, without sufficient oversight, could lead to inconsistencies and increased rates for non-contract customers. Consequently, in view of the reservations expressed by Council and the staff’s experience with the pricing of the two existing contracts, new pricing and contracting guidelines will soon be presented to Council for review and adoption. The contract guideline revisions planned are in addition to the change requested at this time for Utilities Rule and Regulation 5. DISCUSSION Utilities Rule and Regulation 5 is titled "Contracts" and delegates authority to the City Manager to establish the specific terms, including pricing, of contracts between the City of Palo Alto and its utility customers. The proposed revision to this rule would limit the City Manager’s authority to approving non-price terms only; the Council’s authority to establish energy prices would not be affected by this revision. To conform with this proposed revision to Utilities Rule and Regulation 5, staff presents the two existing contracts with Syntex (USA) Inc. and UCSF Stanford Health Services to Council for ratification (see attachments A and B). The customized contract for energy services was originally designed to collect the total CMR: 449:99 Page 2 of 4 amount of revenue normally collected from each customer, but with payment schedules- designed to meet the customer’s needs. Staff developed the pricing for the two existing contracts using assumptions related to customer consumption, budgetary goals and Utilities expenses such as supply, distribution, transfers, stranded cost recovery schedules, and other factors. These assumptions resulted in a price for the Syntex (USA) Inc. contract that is substantially higher than is warranted under current economic conditions, particularly due to the City’s suspension-of collection of the Transition Cost Recovery Charge in July 1999. By mutual agreement, the City and Syntex (USA) Inc. have agreed to apply electric service and the applicable pricing provisions under the standard Electric Rate Schedule E-7. This is the rate schedule the customer was previously served under. RESOURCE IMPACT No significant resource impact is expected as a result of these recommendations. POLICY IMPLICATIONS The adoption of the resolution approving the change to Utilities Rule and Regulation 5 will permit the City Manager to continue to establish the specific non-price terms of contracts between the City of Palo Alto and its energy customers. The Council retains the authority to approve the price structure .of current and future energy services. ENVIRONMENTAL REVIEW Approval of these recommendations does Environmental Quality Act. not constitute a project under the California CMR: 449:99 Page 3 of 4 ATTACHMENTS Resolution Utility Rule and Regulation #5 Energy and Energy Services Contract with UCSF-Stanford Health Care Energy and Energy ,S,,ervices Contract with Syntex (USA) Inc. Amendment to Energy and Energy Services Contract with Syntex (USA) Inc. PREPARED BY:Tom Auzenne, Manager, Utility Marketing Services REVIEWED BY:Grant Kolling, Senior Assistant City Attorney DEPARTMENT HEAD: ULRICH Director of Utilities CITY MANAGER APPROVAL: HARRISON Assistant City Manager CMR: 449:99 Page 4 of 4 RESOLUTION NO. RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO APPROVING AND ADOPTING AN AMENDMENT TO RULE AND REGULATION 5 GOVERNING UTILITY SERVICES CONTRACTS EFFECTIVE DECEMBER 13, 1999 WHEREAS, pursuant to Chapter ~12.20 of the Palo Alto Municipal Code the City Council may by resolution adopt rules and regulations governing utility services contracts and the fees and charges therefore; and WHEREAS, the City Council has determined to revise the existing rule and regulation-number 5 pertaining to the authority of the City Manager to establishthe{:non-price terms and conditions of utility services contracts; NOW, THEREFORE, the Council of the City of Palo Alto does hereby RESOLVE as foll@ws: SECTION i. Pursuant to Section 12.20.010 of the Palo Alto Municipal Code, the rule and regulation number 5, as amended, governing utility services contracts and the authority of the City Manager to establish the non-price terms and conditions of utility services contracts, attached hereto and incorporated herein, is hereby approved and adopted. SECTION 2. This Council finds that the provisions of this resolution will not have a significant impact on the environment, therefore, an environmental assessment is not required to be performed. // // // // // // // 991208 syn 0071784 SECTION 3. December 13, 1999. The foregoing changes shall become effective INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST:APPROVED: City Clerk APPROVED AS TO FORM: Mayor APPROVED: Senior Asst. City Attorney City Manager Director of Administrative Services Director of Utilities 991208 syn 0071784 CONTRACTS RULE AND REGULATION 5 TYPES OF SERVICE CONTRACTS For electric, gas, or fiber optic services in large quantities or under special conditions, CPAU may require a suitable written agreement for new or existing customers. The following is a list of special services which may be the subject of a o contract. Additional services may apply at the discretion of the Director of Utilities. 2. 3. 4. 5. 6. 7. 8. 10. 11. 12. 13. 14. 15. Line Extensions. Temporary Service. Special Facilities. CPAU service to special districts and institutions. Special type service requirements. Work performed for other agencies at their expense Customers purchasing energy from other entities, such as an ESP Customers purchasing natural energy gas or power from CPAU under special arrangements Power Marketers or ESPs Work performed or Energy Service Providers at Customer expense Special Metering and/or Billing Services Special Energy Services Long-term service agreements greater than 3 years. Loans to Customers to irmance Demand Side Management at Customer’s site Standby Service CONTRACT GUIDELINES Contracts between CPAU and its customers shall be based on the following policy guidelines: Larger commercial customers will have the ability to negotiate provision of Energy Services from CPAU. Revenues realized from each contract will, at a minimum, recover all applicable Energy Services costs over the term of the contract. CITY OF PALO ALTO UTILITIES Issued by the City council Effective 12-13-99 Supercedes Sheet No. -1 dated 7-1-98 CiTY OF PALO ALTO UTILITIES Sheet No.-1 CONTRACTS RULE AND REGULATION 5 o s Pricing arrangements differing from those offered in the current and successor rate schedules will not shift costs to the other customers in the short-or long-term. Custom tailored contracts must include sufficient insurance and/or "off ramps" to protect CPAU or the customer from unanticipated events. The same pricing, terms, and conditions for one customer will be made available to other customers of similar size, service and load characteristics. CONTRACT APPLICATION PROCEDURES In general, the following application procedures are applicable to service contracts. 1.Completion of applicable forms as necessary; Depending on the type of service contract, Customers shall request consideration for a special contractual agreement in writing to the Director of Utilities specifying their objectives, including the desired term of the contract. 3.If applicable, fees or deposits shall be paid. 4.If applicable, compliance with the City’s insurance requirements. (END) CITY OF PALO ALTO UTILITIES Issued by the City council Effective 12-13-99 Supercedes Sheet No. -2 dated 7-1-98 CiTY OF PALO ALTO UTILITIES Sheet No.-2 ENERGY AND ENERGY SERVICES CONTRACT BETWEEN THE CITY OF PALO ALTO UCS~-STA~OR~ ARTICLE 1 2 3 4 5 6 7 8 9 i0 II 12 13 14 15 16 TABLE OF CONTENTS HEADING SPECIAL TERMS TERM AND TERMINATION ENERGY AND ENERGY SERVICES EXCEPTIONS TO ENERGY SALES AND SERVICES ENERGY AND ENERGY SERVICES CHARGES TAXES SECURITY DEPOSIT OBLIGATIONS OF THE PARTIES INSURANCE INDEMNITY AND LIMI.TATIONS WAIVER REPRESENTATIONS AND WARRANTIES ASSIGNMENT DEFAULT AND REMEDIES FOR DEFAULT NOTICE MISCELLANEOUS PROVISIONS PAGE 1 2 3 4 4 5 6 7 7 7 8 8 9 i0 12 13 SUMMARY OF-EXHIBITS AIqD ATTACPIMENTS EXHIBIT "A"SPECIAL TERMS EXHIBIT~"B"CALCULATION OF TERMINATION PAYMENT EXHIBIT "C"CUSTOMER ACCOUNTS CONFIRMATION SCHEDULE NO. 1 (ENERGY) CONFIRMATION SCHEDULE NO. 1 (ENERGY SERVICES) 971201 s)~ 0071280 ENERGY AND ENERGY SERVICES CONTRACT ¯ " ~hysical Contrac0 THIS ENERGY AND E~ERGY SERVICES CONTRACT, dated as of . ~.~...., ~, is made and entered intoby and between the CITYOF PALO ALTO and UCSF-STANFORD HEALTH CARE, in reference to the following facts: A. The CITY, the owner of natural gas and electric utility distribution systems which are regulated by the City Council, supplies and distributes Energy and Energy Services to Palo Alto residents and businesses at prices which.are adopted by resolution and established under rates set forth in the Utility Rules and Regulations. B. Since 1992, substantial~ changes in federal and California law have resulted in the deregulation of the natura! gas and electric utility industries. In July 1994, the CITY first offered to eligible industrial customers and large, commercial Customers an opportunity to acquire Transporhation Service without purchasing natural gas~from the CITY. On March 24, 1997, the City Council responded to developments prompted by the passage of Assembly Bill 1890 in September 1996 by adopting Resolution No. 7657, which authorizes Direct Transactions between the CITY’s Customers and alternate suppliers of electricity and further authorizes the CITY to develop new energy products and services and engage in such other actions as will benefit the CITY’s Customers. C. The CITY has introduced Energy Services that will be made available to eligible indust-rial Customers and large commercial Customers. UCSF-STANFORD HEALTH CARE has been determined to be eligible to receive Energy and Energy Services at one or more of its Facilities. THE PARTIES AGREE as follows: ARTICLE i.SPECIAL TERMS i~I The special terms that are denoted by initial or full capitalized letters in this Contract and the Confirmation Schedules shall have the meanings set forth in EXHIBIT "~’, unless the context clearly indicates otherwise. 1.2 The CITY shall have the right, but not the obligation, to adopt standard terms and conditions governing the CITY’s use of its Utility System, and every part thereof, at any time during the Term hereof by ordinance or resolution, or both, as a result of changes in federal, state or local law or policy. 1.2.1 In the event that the CITY adopts standard terms and conditions governing the CITY’s use of its Utility System which (i) would materially and adversely affect the rights or obligations of the CUSTOMER, then, upon the request ~of the CUSTOMER, the Parties shall in good faith confer and attempt to 971201 syn 0071281 1 renegotiate the Provisions- of this Contract which are affected thereby. 1.2.2 If the Parties-are unable to reach mutual agreement on such renegotiated Provisions within thirty (30) Days after the Day on which .the CUSTOMER’s election to renegotiate is communicated, in writing, to the CITY, the CUSTOMER will have the right for a period of sixty (60) more Days to terminate this Contract by giving not less than thirty (30) Days written notice of termination to the CITY. Any such termination shall be deemed a termination by the CUSTOMER for convenience and the CUSTOMER shall be obligated to pay to the CITY , or shall be entitled to receive from the CITY, respectively, the difference between the amount that the CUSTOMER would have paid in the absence of this Contract and the amount that the CUSTOMER actually paid under this Contract. Unless otherwise-agreed to by the Parties during the coUrse of renegotiations, the Charges in effect and applicable to the sale of Energy and the rendering of Energy Services hereunder shall continue in effect during the period of renegotiation and notice under the Provisions of this Article. 1.2.3 Subject to. Subsection 1.2.2 above, to the -degree or extent any specia! term in this Contract is, directly, in conflict with the standard terms and conditions adopted by the CITY following the execution of this Contract,. the applicable Provision that imposes the higher duty or standard shall govern. ARTICLE 2. TERM AND TERMINATION 2.1 This Contract shall be bindingon the Parties on the Commencement Date. 2.2 The Initial Term hereof shall be approximately seven (7) years, beginning on the Day of the Billing Period commencing in December 1997 and expiring on the Day of the Billing Period ending in November 2004. 2.3 The Initial Term may be extended by the Parties, by mutual agreement, for a period of seven (7) years, provided, however, any Extension Term may be terminated earlier in accordance with the Provisions hereof. The City Manager, acting on behalf of the CITY and with the approval of the City Attorney as to form, will approve the application of the CUSTOMER to extend the Initial Term, provided that: 2.3.1 The CUSTOMER gives to the Utilities Director, acting on behalf of the CITY, a written request to extend the Term not less than ninety (90) Days prior to the expiration of the Initial Term; 2.3.2 The CUSTOMER submits any and all documents and information reasonably reqdested by the CITY in support of the written request to extend the Term, pays any and all CITY processing fees and other Charges and complies with all other CITY- 971201 syn 0071281 2 established terms, conditions and procedures pertaining to the request to extend the Term; 2.3.3 The CUSTOMER is not then in default under the Provisions hereof on the Day that the CUSTOMER Submits the written request to extend the Initia! Term; and 2..3.4 The Parties, by mutual agreement, agree to be bound by all other Provisions, if any, governing the rights and obligations of the Parties during the Extension Term. ARTICLE 3. ENERGY AND ENERGY SERVICES 3.1 Subject to the Provisions hereof, the CITY agrees to sell Energy and render Energy Services to the CUSTOMER, and the CUSTOMER agrees to purchase Energy and receive_Energy Services from the CITY, as more fully described in one or more of the Confirmation Schedules. The CITY’s obligation to sell Energy or render Energy Services is expressly conditioned on the right of the CITY to offer or withdraw any kind of Energy or .Energy Services now or hereafter offered to any Customer, including the CUSTOMER, during the Term of this Contract ; provided, however, the CITY shall continue to offer those Energy or Energy Services which the CITY is committed to sell or render to the CUSTOMER~during the Term of this Contract. Nothing in this Contract shall be deemed or construed to .grant, convey, create, or vest in a Party any estate or interest in the rea! property or persona! property of the other Party, except as maybe provided herein. 3.2 Subject to the applicable Utilities Rules and Regulations, which shall take precedence, the CITY, and its officers, employees, agents and contractors~shall have reasonable access to the CUSTOMER’s Facilities to inspect and perform alterations, maintenance and repair work on theUtility System, or any portion thereof, that is located at the Facilities subject to the following Provisions: (a) the CITY shall provide the CUSTOMER with reasonable prior notice of any occasion for which access is sought, except in the event of an Emergency; (b) the CITY’s representatives shall check in with the CUSTOMER’s designated representative upon arriva! at the Facilities, and the CITY’s representatives shall be- escorted at all times in the Sole Discretion of the CUSTOMER; and (c) the CITY shall repair and restore (or at the election of the CUSTOMER reimburse the CUSTOMER for the reasonable costs of repairing and restoring) al! damage to the CUSTOMER’s Facilities caused solely by the CITY’s representatives. 3.3 Subject to the applicable Utilities Rules and Regulations, which shal! take precedence, the CUSTOMER shall maintain at all times during the Term of this Contract its eligibility to purchase Energy and receive Energy Service pursuant to the eligibility criteria set forth in the Utility Rules and Regulations. 971201 syn 0071281 3.4 The procedures for the initiation of the purchase of Energy and the rendering of Energy Services shallbe identified by the Parties in one or more of the Confirmation Schedules, to the extent the procedures are not established unde~ the Utility Rules and Regulations. 3.5 As a condition precedent to the sale of Energy by the CITY pursuant to the Provisions of this Contract, the .CUSTOMER shall make or cause to be made any and all necessary modifications to the Facilities to the reasonable satisfaction of the Utilities Director, acting on behalf of the CITY. Any such modifications shall be set forth in one or more of the Confirmation Schedules. ARTICLE 4.EXCEPTIONS TO ENERGY SALES AND SERVICES 4.1 The CITY shall be temporarily excused from the obligation to sel! Energy or render Energy Services, as the case may be, to the CUSTOMER under any of the following conditions: (a) The occurrence of an event of Force Majeure for the period of time that the CITY is temporarily unable to deliver Energy; (b) The failure of the CUSTOMER to perform a material obligation which is a condition precedent to the CITY’s obligation of performance. ARTICLE 5.ENERGY AND ENERGY SERVICES C~GES 5.1 The Charges for Energy and Energy Services, including, without limitation, Connection Charges, Demand Charges, Energy Charges, Energy Service Charges, Metering Charges, Reservation Charges, Distribution Charges, Storage Charges and Charges for Standby Service, shall be as set forth in one or more ~Confirmation Schedules. 5.2 On or before the fifteenth Day after the end of the Billing Period, the CITY shal! submit to the CUSTOMER a billing statement for each Billing Period, in which Energy is sold or Energy Services are rendered to the CUSTOMER. All amounts shal! become due and payable within thirty (30) Days of the date of the billing statement. Payment shall be made in United States dollars and delivered or mailed to the Customer Service Center, Department of Utilities, City of Palo Alto, 4th Floor, 250 Hamilton Avenue, Palo Alto, CA 94301 or Post Office Box 10250, Palo Alto, CA 94303. 5.3 Except as otherwise provided in this Contract or any Confirmation Schedule, a billing statement that is not paid in full within the time permitted hereunder or as may be established under the Utility Rules and Regulations wil! accrue interest charges on the unpaid balance at the rate established in the Utility Rules and Regulations or at the maximum rate allowed by Law, whichever is lower. 971201 syn 0071281 5.4 In addition to the rights of the CITY reserved under this Contract or allowed ~y Law, if the CUSTOMER fails to pay the billing statements as they shal! become due for a period of three (3) consecutive Billing Periods, the CITY, acting by and through the Utilities Director in his Sole Discretion, may suspend sales of Energy and the rendering of Energy Services to the CUSTOMER, assess Charges for Energy and Energy Services set forth in the utility rate schedules under the Utility Rules and Regulations, or ¯ undertake such other reasonably necessary action, including, without limitation, imposing security deposit and other financial reporting requirements. 5.5 The CITY acknowledges that the CUSTOMER has requested the CITY to maintain the confidentiality of information, including, without limitation, information pertaining to the CUSTOMER’s Load,Demand and the Charges paid to the CITY, and, to the extent permitted by Law, any such information shall be deemed Confidential Information under this Contract and shall not be disc!osed by any Party to a Third Party, unless such disclosure is compelled by Law. If any Third Party seeks access to Confidential Information that is protected from disclosure under this Contract, the Party receiving the request shall inform the other Party in a timely manner in order that either Party or the Parties may initiate timely appropriate lega! action to prevent such disclosure. Section 14.4 notwithstanding, damages for breach of this confidentiality by a Party shall be established and awarded after appropriate legal action by the Party injured by such disclosure is instituted. ARTICLE 6. TAXES 6.1 The CUSTOMER shall pay before delinquency and without notice or demand any Tax which is levied, imposed or assessed in compliance with Laws against the CUSTOMER’s income or the Facilities, or for which the CUSTOMER may become liable under the Provisions hereof, and any payment made under this Article shall not reduce the amount of the Energy Charges, Energy Service Charges or any other Charge that is required to be paid by the CUSTOMER to the CITY, as follows: 6.1.1 The CUSTOMER promptly shall pay any Tax, fine or penalty which may be due and payable to the CITY in connection with this Contract and all licenses and privileges granted hereunder. 6.2 In the event that the CUSTOMER desires in good faith to contest or review by appropriate lega! or administrative proceedings any Tax specified or reasonably contemplated under the Provisions of this Article 6, the CUSTOMER shal!, at least ten (I0) Days prior to the delinquency of any Tax, or within the period of time allowed by Law, give the CITY written notice of its intention to so contest. The CUSTOMER may withhold payment of the Tax being contested if, but only if, nonpayment is permitted during the pendency of such proceedings without the forec!osure of any Tax lien or the imposition of any fine or penalty. The contest shall 971201 syn 0071281 5 be prosecuted to completion without unreasonable delay and at the CUSTOMER’s sole cost and’-expense. Within ten (i0) Days or the period of time allowed by Law after the final determination of the amount due from the CUSTOMER with respect to any contested Tax, the CUSTOMER shall pay the amount so determined to be due, together with all costs, expenses and interest. The failure to pay any Tax hereunder (except as provided by this Section 6.2) shall constitute an Event of Default by the CUSTOMER, and the obligation to pay the same Shall survive the expiration or earlier termination hereof. 6.3 The CUSTOMER covenants and agrees to indemnify and hold harmless the CITY from and against any cost, expense or damage resulting from such contest or proceeding, and further covenants and agrees to indemnify and hold harmless the CITY from and against any liability, loss or damage resulting from any Tax required to be paid by the CUSTOMER, from any other sums imposed thereon,and from any proceedings to enforce the collection of any Tax for which the CUSTOMER may be liable, provided, however, that the foregoing~shall not apply to any contest or other proceeding relating to any Tax imposed by the CITY. 6.4 if the CUSTOMER fails to pay any Tax required to be paid by the CUSTOMER hereunder, the CITY has the right, but not the obligation, on five (5) Days prior written notice to the CUSTOMER following the assessment of any delinquency against the CUSTOMER, to pay, discharge, or adjust such Tax for the CUSTOMER’s benefit. In such event, the CUSTOMER, upon demand of the CITY, promptly shall reimburse the CITY for the ful! amount paid,~ discharged or adjusted .by the CITY, together with interest thereon from its due date at the maximum rate of interest allowed by Law until paid. Any receipt showing payment by the CITY on behalf of the CUSTOMER shall be prima faci@ evidence that the amount of such payment was necessary and reasonable and made by the CITY on the CUSTOMER’s behalf. ARTICLE 7. SECURITY DEPOSIT 7.1 The CITY, acting by and through the CITY Manager, may require a security deposit to be posted by the CUSTOMER for any reasonable fixed period of time (not to exceed the duration of the Term) under the following conditions: (a) Whenever the CUSTOMER has failed to pay billing statements in a timely manner for three (3) consecutive Billing Periods, or there exists some other Event of CUSTOMER Default that bears on the CUSTOMER’s financia! capability; (b) Whenever the rights and obligations of .the CUSTOMER under this Contract shall be assumed by an Affiliate of the CUSTOMER; or (c) Whenever the CITY, in good faith, acting by and through the CITY Manager and the CITY Attorney, determines that the CUSTOMER is unable to perform its material financia! obligations under this Contract, including, without limitation, the failure to 971201 syn 0071231 6 timely pay all Energy Charges and Energy Services Charges and other Charges, and there is a re&sonable probability that such condition of insecurity may continue~ to exist, and the CUSTOMER fails to provide adequate assurances of further performance. If a security deposit is required by the CITY, the CUSTOMERshall comply with such requirements in a timely manner, and a failure thereof shall constitute an Event of DefauIt. The [equir~ments for the posting of a security deposit and its return to the CUSTOMER shal! be as set forth in the Utility Rules and Regulations. 7.2 In addition to the foregoing, the City Manager , in good faith, may require the CUSTOMER to periodically submit one or more financial statements and information if she determines that it is reasonably necessary to document the CUSTOMER’s ability to perform, and, in connection herewith, the the requirements of the Utility Rules and Regulations pertaining to the provision of such financial statements shall apply to the Parties. ARTICLE 8.OBLIGATIONS OF TEE PARTIES 8.1 The CUSTOMER willuse best efforts to maintain, service and repair the Facilities in a manner that facilitates the provision of Energy under this Contract. The interconnection of the Utility System, including the CUSTOMER’s Meter(s), shall be effected by the mutual cooperation of the Parties. 8.2 The CITY will use best efforts to construct, maintain, service and repair its Utility System, including the CUSTOMER’s Meter(s), to assure the reliable delivery of Energy to the CUSTOMER. ARTICLE 9. INSURANCE 9.1 During the Term hereof, the CUSTOMER, at its sole cost and expense, shall obtain and maintain or cause to be obtained and maintained the policies of insurance and the amounts specified in the Confirmation Schedule(s), or if such requirements are not addressed in the Confirmation-Schedule(s), in the Utility Rules and Regulations, including, without limitation, workers compensation and employers liability insurance, commercial general liability insurance, and fire al! risk replacement cost insurance. ARTICLE i0.INDEMNITY AND LIMITATIONS i0.i Each Party shal! indemnify, protect, defend (with counsel reasonably acceptable to the other Party) and hold harmless the other Party, its council members, directors, officers, trustees, employees, partners, principals, contractors, agents and representatives, from and against any and al! administrative and judicial proceedings and orders, charges, claims, costs, damages, demands, expenses, fines, judgments, liabilities, losses, penalties, and remedial actions of any kind (collectively, "Damages"), including, without limitation, reasonable attorney’s fees and the costs of defense arising, directly or indirectly, in 971201 syn 0071221 7 whole or in part, out of Such Party’s activities or such Party’s property described in thi~ Contract and not arising out of the sole negligence or willful misconduct of the other.Party. The other Party shall be liable only for the Damages arising from its negligence or willful misconduct, and shall not be responsible for any Damages occurring by reason of anything done or omitted to be done by any Third Party who is not an agent or representative of that Party. ARTICLE ii. WAIVER ii.i The consent by a Party to any act by the other Party shall not be deemed to imply consent or to constitute the waiver of a breach of any Provision hereof or a continuing waiver of any subsequent breach of the same or any other Provision, nor shal! any custom or practice which may arise between the Parties in the administration of any part~ of the Provisions hereof be construed to waive or lessen the right of a Party to insist upon the performance by the other Party in strict accordance with the Provisions hereof. 11.2 The CUSTOMER waives any and all claims or causes of action against the CITY, or its council members, officers, employees, and agents, which it may now or hereafter have at any time for any economic or non-economic loss or damage suffered by" the CUSTOMER as a result of a Curtailment of Energy sold to the CUSTOMER, where the Curtailment is beyond the reasonable contro! of the CITY, except as such claim or cause of action may arise froi the active negligence or the willfu! misconductof the.CITY, its council members, officers, employees, or agents. In the event of a Curtailment, the CITY shall use reasonable efforts to obtain Energy from alternate Energy Suppliers. ARTICLE 12.REPRESENTATIONS AND WARRANTIES 12.1 The CUSTOMER represents and warrants: 12.1.1 It is a corporation duly organized and validly existing and in good standing under the Laws of the State of California. It has all requisite corporate power and authority to own or lease its property, real and personal, and operate its business as and where it is now being conducted. 12.1.2 It has the power and authority to enter into this Contract and perform its obligations hereunder. The execution, delivery and performance hereof have been duly authorized by al! necessary corporate actions and proceedings. This Contract is (and any other :instrument, document or writing to be executed and delivered by the CUSTOMER pursuant hereto wil! be) legal, valid and binding obligations of the CUSTOMER, and enforceable against the CUSTOMER in accordance with the Provisions hereof except as may be limited by applicable Laws. 12.1.3 The execution and delivery hereof and any other instrument, document or writing contemplated hereby by the CUSTOMER 971201 syn 0071281 will not conflict with or violate or constitute a breach or default under the .articles of inc6rporation or bylaws of the CUSTOMER 12.1.4 All information, financial statements, records, reports, resolutions, certifications and other documents- or. writings which will be submitted by the CUSTOMER pursuant to the Provisions hereof wil! be true and correct at the time such information, financia! statements, records, reports, resolutions, certifications and other documents or writings are submitted or made available to the CITY. 12.2 The CITY represents and warrants: 12.2.1 It is a municipal corporation duly organized and validly existing and in good standing under the Laws of the State of California. It~has all requisite corporate power and authority to own or lease its property, real and personal, and operate its business as and.where it is now being conducted. 12.2.2 It has the powerand authority to enter into this Contract and perform its obligations hereunder. The execution, delivery and performance hereof have been duly authorized by all necessary actions and proceedings. This Contract is (and any other instrument, document or writing to be executed and delivered by the CITY pursuant hereto wil! be) legal, valid and binding obligations of the CITY, and enforceable against the CITY in accordance with the Provisions hereof except as may-be limited by applicable Laws. 12.2.3 The execution and delivery hereof and any other instruments, documents or writings contemplated hereby by the CITY~ will not conflict with or violate any provision ofthe Charter of the City of Palo Alto or the Palo Alto Municipa~ Code. 12.2.4 To the extent required by Law, it will obtain the authorization of the CPUC or FERC, or both, to provide Energy within and without the jurisdictional boundaries of Palo Alto, and to operate as an energy service provider. ARTICLE 13.ASSIGNMENT 13.1 The CUSTOMER may assign or transfer, pursuant to a merger or sale of all or substantially all of the assets or stock of the CUSTOMER, all of its rights and obligations under this Contract to any Person, so long as the surviving or purchasing entity assumes, in writing, all of the obligations of the CUSTOMER under this Contract, and the CITY, acting by and through the City Manager, confers its approval, which shall not be unreasonably withheld. The CUSTOMER may assign some or all of its rights hereunder to any Affiliate .of the CUSTOMER, provided that the CUSTOMER gives thirty (30) Days prior written notice to the City Manager and the City Attorney and obtains the written approval of the City Manager acting , which consent shall not be unreasonably withheld. 971201 syn 0071281 13.2 Any assignment, transfer, license, conveyance, sale, hypothecation or encumbrance hereof by the CUSTOMER not authorized hereunder shall be null and void, and, at the option of the CITY, acting by and through the City Manager with the approval of the City Attorney, shall constitute, an Event of CUSTOMER Default 13.3 The CUSTOMER, as assignor, and any Person, including an Affiliate, as assignee, to whom the rights and obligations of the CUSTOMER under this Contract are assigned shall be and remain jointly and severally liable for the performance of all obligations of the CUSTOMER under this Contract. ARTICLE 14.DEFAULT AND REMEDIES FOR DEFAULT 14.1 This Contract may be terminated by the ~CITY upon the occurrence of a default by the CUSTOMER under this Contract ("Event of CUSTOMER Default"), and the ~CUSTOMER fails to cure the same within thirty (30) Days or such longer period of time as is provided.below,, after receipt of notice thereof from the CITY, or, when the cure reasonably requires more than thirty (30) Days, the failure of the CUSTOMER to commence to cure within such thirty (30) Days and thereafter diligently and continuously prosecute such cure to completion, including, without limitation, any of the following Events of Default: 14.1.1 Failure to pay any Energy Charges or Energy Services Charges , when due, unless the CUSTOMER in good faith disputes all or any portion of such Energy Charges and Energy Services Charges, in which case the CUSTOMER shall pay only the undisputed portion, if any, until such dispute is resolved; 14.1.2 Failure to pay any Tax, when due, or the failure to perform any other obligation requiring the payment of money under the Provisions hereof, and the failure continues for a period of forty-five (45) Days, unless the CUSTOMER~in good faith disputes al! or any portion of such Tax, in which case the CUSTOMER shall pay only the undisputed portion, if any, unti! such dispute is resolved; 14.1.3 Failure to observe, perform or comply with any materia! Provision hereof .required to be observed, performed or complied with by the CUSTOMER; 14.1.4 Assignment or transfer of its interest in this Contract, whether voluntarily or by operation of Law, in violation of the Provisions hereof; 14.1.5 General assignment of its assets for the benefit of its creditors; 14.1.6 Filing by or against the CUSTOMER a petition to have the CUSTOMER adjudicated a bankrupt, or a petition for a reorganization or arrangement under any Law relating to bankruptcy 971201 syn 00712~1 10 or insolvency, unless the same is dismissed within one hundred eighty (180) Days after ~th~ same is :instituted; 14.1.7 A Person other than the CITY Qbtains an order or decree in any court of competent jurisdiction enjoining, or prohibiting the CUSTOMER from performing under this Contract, and such order or decree is not vacated within one hundred eighty (180) Days after the granting thereof, unless the CUSTOMER upon the written demand of the CITY indemnifies the CITY against loss or damage suffered by the CITY as a result of the CUSTOMER’s nonperformance pursuant to such order or decree; and 14.1.8 Any representation, warranty, or statement made by the CUSTOMER in this Contract that shall prove to have been incorrect in any materia! respect when made. If there is an Event of CUSTOMER Default, the CITY shall give notice to the CUSTOMER at least thirty (30) Days before any termination shal! become effective. 14.2 This Contract may be terminated by the CUSTOMER upon the occurrence of any of the following defaults by the CITY (collectively, Event of CITY Default), including, without limitation: 14~2.! Failure to observe, perform or comply with any material Provision hereof required to be observed, performed or complied with by the CITY, and the CITY fails to cure the same within thirty (30) Days, or, when the cure reasonably requires more than thirty (30) Days, the failure of the CITY to commence to cure within such thirty (30) Days and thereafter diligently and continuously prosecute such cure to completion; 14.2.2 General assignment of its assets for the benefit of its creditors, or the filing by or~ against the CITY a petition to have the CITY adjudicated a bankrupt, or a petition for a reorganization or arrangement under any Law relating to bankruptcy or insolvency, unless the same is dismissed within one hundred eighty (180) Days after the same is instituted, unless the CITY upon the written demand of the CUSTOMER indemnifies the CUSTOMER against loss or damage suffered by the CUSTOMER as a result of the CITY’s non-performance pursuant to such order or decree; and 14.2.3 A Person other than the CUSTO..~ER obtains an order or decree in any court of competent jurisdiction enjoining or prohibiting the CITY from performing under this Contract, and such order or decree is not vacated within one hundred eighty (180) Days after the granting thereof, unless the CITY upon the written demand of the CUSTOMER indemnifies the CUSTOMER against loss or damage suffered by the CUSTOMER as a result of the CITY’s non-performance pursuant to such order or decree. If there is an Event of CITY Default, the CUSTOMER shall give notice to the CITY at least thirty (30) Days before any termination shal! become effective. 971201 s~,~ 0071281 1! 14.3 In. addition to all other rights and remedies provided by Law or otherwise provided in this Contract, to which the Non-Defaulting Party may resort cumulatively, or in the alternative,.the Non-Defaulting Party may: 14.3.1 Except as otherwise provided herein, keepthis Contract in effect and enforce all of its rights and remedies hereunder, including the right to payment of all Energy Charges and Energy Services Charges and Other Charges as they may become due, or the right to delivery of Energy and Energy Services, by appropriate legal action; 14.3.2 Seek the specific performance hereof by the Defaulting Party or other rights or remedies at law or in equity; and 14.3.3 Terminate for cause this Contract by giving notice of termination. 14.4 NOTWITHSTANDING AIqY OTHER PROVISION OF THIS CONTRACT, NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR ANY CONSEQUENTIAL, INDIRECT, LIQUIDATED, INCIDENTAL OR SPECIAL DAMAGES OR LOST REVENUE OR LOST PROFITS TO AIqY PERSON ARISING OUT OF THIS CONTRACT OR THE PERFORMANCE OR NONPERFORMANCE OF ANY PROVISION OF THIS CONTRACT,EVEN IF SUCH PARTY HAS BEEN INFORMED OF THE POSSIBILITY OF SUCH DAMAGES. THE CITY’S TOTAL LIABILITY FOR ANY CLAIM OR DEMAND OF THE CUSTOMER ARISING OUT OF THIS CONTRACT SHALL NOT EXCEED THE AMOUNT OF THE ENERGY CHARGES PAID BYTHE CUSTOMER UNDER THIS CONTRACT TO THE CITY PRIOR TO THE DATE OF CLAIM OR DEMAND. 14.5 Neither the CUSTOMER nor the CITY shall be in default in-the performance of any obligations under this Contract when a failure of performance shal! be-due to an event of Force Maj eure. 14.6 Neither the CUSTOMER nor the CITY shall be relieved of its obligation to perform if such failure is due to causes arising out of its own negligence or due to removable or remediable causes which it fails to remove or remedy within a reasonable time period. 14.7 Either the CUSTOMER or the CITY, if rendered unable to fulfil! any of its obligations under this Contract by reason of an event of Force Majeure, will give prompt written notice of such fact to the other and shall exercise due diligence to remove such inability with all reasonable speed. ARTICLE 15.NOTICE 15.1 All notices which shall or may be given pursuant to this Contract shall be in writing and.delivered by the United States Posta! Service, by means of. private express delivery systems, or by facsimile transmission, provided a copy of the same 971201 syn 0071281 12 is followed by delivery by. the United States Postal Service or by private express delivery Systems, as follows: City of Palo Alto 250 Hamilton Avenue P. O. Box 10250 Palo Alto, CA 94303 Attn.: City Clerk Telephone No.:~ (650) 329-2571 CITY: City of Palo Alto 250 Hamilton Avenue P. 0. Box 10250 Palo Alto, CA 94303 Attn.: Director of Utilities Telephone No.: (650) 329-2277 Copy to: UCSF-STANFORD HEALTH CARE 300 Pasteur Drive Stanford, CA 94305 Attn.: Paul Watkins, Director Telephone No.: (650) 725-5059 FAX No.: (650) 723-8344 CUSTOMER: UCSF-STANFORD HEALTH CARECopy to: Attn.: Telephone No.: FAX No.: Notices hereunder shall be effective upon delivery to the addressee. ARTICLE 16.MISCELLANEOUS PROVISIONS 16.1 This Contract contains the entire understanding between the Parties with respect to the subject matter herein. There are no representations, warranties, agreements or understandings (whether ora! or written) between the Parties relating to the subject matter hereof which are not fully expressed herein. This Contract may not be amended except pursuant to a written instrument signed by the Parties. This Contract shall be binding upon and inure to the benefit of the successors and permitted assignees of the Parties. .The Article headings hereof are inserted for convenience of reference only, are not a part hereof and shall have no effect on the construction or .interpretation hereof. This Contract may be executed in any number of counterparts, eachof which shall be an origina!, but all of which together shall constitute one and the same instrument. All exhibits, Confirmation Schedules and amendments thereto referred to in this Contract and any addenda, attachments, and schedules which may, from time to time, be referred to in any duly executed amendment to this Contract are by such reference incorporated in this Contract and shall be deemed a Part hereof. 971201 syn 0071281 13 16.2 This ContraCt shall be governed by and construed .in accordance with the Laws of the State of California without regard to its conflicts of laws rules or principles.. In the event that suit is brought by a Party, the Parties agree that trial-of such action shall be vested exclusively in the state courts of California, County of Santa Clara, or in the United States District Court, Northern District of California, in the County of Santa Clara. If any Provision is held by a court of competent jurisdiction in a final judicial action to be void, voidable, or unenforceable, such Provision shall be deemed severable from the remaining Provisions and shall in no way affect the validity of the remaining portions.hereof. 16.3 Each Party and its counsel have reviewed this Contract. Accordingly, the normal rule of construction ~to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the construction and inZerpretation hereof. 16.4 Time is of the essence. For the purposes hereof, the time in which an act is to be performed shall be computed by excluding the first Day and including the last. If the time in which an act is to be performed falls on a Saturday, Sunday, or any Day observed as a.official holiday by the CITY, the time for performance shal! be extended to the following Business Day. IN WITNESS WHEREOF, this Contract is executed by the duly appointed representatives of the Parties on the date first above stated in the city of Palo Alto, County of Santa Clara, California. APPRO~ AS TO FORM: Seni~sst. City Attorney OF APPROVED~/~ / Directoif Ut%l i~e st SiR43IARY OF EXHIBITS AND ATTACHI~ENTS EXHIBIT "A"SPECIAL TERMS EXHIBIT "B"CALCULATION OF TERMINATION PAYMENT EXHIBIT "C"CUSTOMER ACCOUNTS CONFIRMATION SCHEDULE NO. 1 (ENERGY) CONFIRMATION SCHEDULE NO. 1 (ENERGY SERVICES) 14 97i201 syn 0071281 CERTIFXCATE OF ACKNOWLEDGMENT (Civil Code § 1189) STATE OF COUNTY OF ) ) ) / ! On /~~ ~ .., before me, the undersigned, a notary .~ublic/in and for said County, personally appeared (check one) [ ] personally known to me ([~ or proved to me on the basis ofsatisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument, and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(is), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. ~;~ No~o~, Pu~c -- Corlfotnlc~ ~ 971201 syn 00712~I 15 EXHIBIT "SPECIAL TERMS "Administrative Services Director" means the individu~l designated as the director of administrative services under Section 2.08.150 of Chapter 2.08 of Title 2 of the Palo Alto Municipal Code, and any Person who is~designated the representative of the director of administrative services. ’~ffiliate"means (i) any Person or entity that, directly or indirectly, owns, controls or holds with the power to vote .fifty percent (50%) or more of the outstanding voting rights of the CUSTOMER, (ii) any Person or entity fifty percent (50%) or more of the outstanding voting securities of which is, directly or indirectly, owned, controlled or held with power to vote .by the CUSTOMER, (iii) any Person or entity who is a director or executive officer of a Person or entity which is an affiliate thereof under (i) or (ii), (iv) any Person or entity that, directly or indirectly, through one or more intermediaries, is under common control with the CUSTOMER, or (v) any general partner-or-limited partner of a Person or entity that, directly or indirectly, owns, controls or holds with power to vote eighty percent (80%) or more of the outstanding voting rights of the CUSTOMER. For the purposes of (iv) above, a Person or entity shal! be deemed under common contro! with the CUSTOMER only if the Person or entity that exercises such common contro! owns, controls or holds twenty-five (25%) or more of the outstanding voting rights of both the CUSTOMER and any such other Person or entity. "Agency" means any local, county, state or federal governmental body or quasi-governmental body, including, without limitation, the CPUC, the FERC and any joint powers agency, but excluding the CITY and any board, commission or council of the CITY. "AnciIlary Services" means the Energy Services offered by the CITY to al! Customers, including, without limitation, Balancing Service, Backup Generation Service, Load Monitoring Service, Scheduling Coordination Service, Voltage Support Service and Standby Services, as more fully described in one or more Confirmation Schedules to this Contract. "Average Daily Quantity" or "ADQ" means the quantity of Energy purchased by the CUSTOMER from one or mo±e Energy Suppliers on a daily basis in each calendar month, which the CITY is required to deliver to one or more of the Delivery Points, as more fully described in one or more Confirmation Schedules to this Agreement. "Average Demand" means the average metered demand of the CUSTOMER determined over a specified period of time, as described in one or more of the Confirmation Schedules. "Average Monthly Quantity" or "AMQ" means the quantity of Energy purchased by the CUSTOMER from one or more Energy Suppliers 971201 syn 0071222 ! on a monthly basis in each calendar year, which the CITY is required to de}iver to one’or more of the Delivery Points, as more fully described in one or more the Confirmation Schedules to this Contract. "Backup Generation Services" means the Capacity and Energy services provided to a Customer to replace the loss of its generation sources and to cover that portion of Demand that exceeds the supply of generation. "Balancing Service" means a type of Energy Services that may be provided by the CITY to accommodate the difference between a Customer’s consumption of the quantity of natura! gas that is received at one or more of the Delivery Points and the quantity of natural gas purchased by the CITY on behalf of the Customer for delivery to one Or more of the Customer’s Energy Suppliers, as more fully described, if applicable, in one or more of the Confirmation Schedules. "Billing Period" means the period of time between the times and dates on which any of the CUSTOMER’s Meters is read for billing purposes, as more fully described in one or more of ~the Confirmation Schedules. "British Thermal Unit" or "Btu" means the unit of measurement of a quantity of heat or thermal energy measured on a "dry" basis (free of water vapor). One (i) Btu equals the amount of heat or thermal energy required to raise the temperature of one pound of pure water from 58.5 degrees Fahrenheit to 59.5 degrees Fahrenheit at a standard atmospheric pressure of 14.73 pounds square inch absolute. "Business Day" means any Day, except a Saturday, Sunday, or any Day observed as a legal holiday by the CITY. "Capacity"means (i) in the case of electricity, the total quantity of power that can be transmitted over the applicable portions of the Utility System for a specified period of time, and (ii) in the case of natura! gas, the total quantity of natural gas that can flow through the applicable portions of the Utility System for a specified period of time. "Capacity Constraint" means a physical condition of the applicable portion of the Utility System which impedes the flow of natural gas to one or more of the Delivery Points. "Charge" means any assessment, cost, fee or levy for Energy or Energy Services, other than a Tax. "CITY" means the government of the City of Palo. Alto, a chartered city and a municipal corporation duly organized and validly existing under the Laws of the State of California, with a principa! place of business located at 250 Hamilton Avenue, Palo Alto, County of Santa Clara. 971201 syn 0071282 2 ~City Attorney" means the individual designated as the city attorney of the CITY dnder Section,2.08.120 of Chapter 2.08 of Title 2 of the Palo Alto Municipal. Code, and any Person who is designated the representative of the city attorney. "City Clerk" means the individualdesignate~ a~ the City clerk of the CITY under Section 2.08.110 of Chapter 2.08 of Title 2 of the Palo Alto. Municipal Code, -and any Person who is designated the representative of the city clerk. "City Gate" means the portion of the Utility System at which a Transmission Provider’s power facilities or a Transportation Provider’s natural gas facilities is interconnected. "City Manager" means the individual designated as the ~city manager of the CITY under Section 2.08.140 of Chapter 2.08 of Title 2 of the Palo Alto Municipal Code, and any Person who is designated the representative of the city manager. "Commencement Date" means the Day on which this Contract .is approved by the CITY. "Conduit" means an underground pipe in which electric wires are located or situated. "Confidential Information" means information concerning the CUSTOMER that is designated as or marked confidentia! and (i) is protected as a trade secret under the Laws of the state of California or pursuant to a written agreement of confidentiality, (2) pertains to the business of the CUSTOMER that is known and made available only to the CUSTOMER or its Affiliates, or both, and (3) is considered confidential and privileged information under the Provisions hereof. It does not mean information that (I) is or may become generally known in the trade or business of the CUSTOMER or its Affiliates, or both, (2) is received by the CITY in good faith from a Third Party who has the right to disc!ose such information and who has not received such information, directly or indirectly, from the CUSTOMER or its Affiliates, or both, (3) is in the possession of the CITY or generally known to the CITY prior to the Commencement Date hereof, or (4) is required to be disclosed to the CITY as a condition precedent to any action to be taken by the CITY. "Confirmation" means a written notice confirming-the details of a specific Transaction for the purchase of Energy or the rendering of Energy Services as set forth in a Confirmation Schedule. "Confirmation Deadline" means forty-eight (48) hours after a Party receives a Confirmation. "Confirmation Schedule" means a written confirmation of a Transaction involving the purchase of Energy or the rendering of Energy Services. 971201 syn 00712~2 "Contract" means this Energy and Energy Services Contract between the City of Palo ~ito and DEF Corporation. "Contract Price" means the sum total of any and all Energy Charges or any and all Energy Services Charges, or both, pursuant to the execution of a Transaction. "Contract Year" means a period of twelve (12) consecutive .Months, beginning on the Commencement Date, and every twelve (12) consecutive Months thereafter. "CPUC" means the State of California Public Utilities Commission and any successor agency or agencies. "Curtailment" means the act of reducing or interrupting the delivery of natural gas to one or more of the Delivery Points. "Customer"means any Person who receives power or natural gas from an Energy Supplier, including the CITY. "CUSTOME~’means (Name), a corporation duly organized and validly existing under the Laws of the State of (fil! in), with a principa! place of business located at (Street Address and City), and its directors, officers, employees, partners, principals, agents and contractors and its successors and permitted assignees. "Day" means any calendar day/ unless a Business Day is specified, commencing at 12:00:00 a.m. Pacific Standard Time on a calendar day and ending at 12:00:00 a.m. Pacific Standard Time on the following calendar day. "Decatherm" means a unit of measurement of the~energy content of natural gas equa! to i0 Therms or 1,000,000 Btu. "Defaulting Party" means a Party who commits a material breach and is in default of this Contract. "Delivery Period" means that period of time beginning on the Day on which Scheduling obligations of the CITY commence and ending on the Day on which Scheduling obligations of the CITY terminate. "Delivery Point" means the place or !ocation of any of the CUSTOMER’s Meters at which Energy is delivered by the CITY to the CUSTOMER pursuant to the execution of a Transaction, as more fully described in one or more of the Confirmation Schedules. "Demand" means the total quantity of natural gas or power, expressed in Therms or Kilowatts, respectively, that the CITY is required to deliver to one or more of the Facilities at a specified period of time, as more fully described in one or more of the Confirmation Schedules. 971201 syn 0071282 "Demand Charge".means the price charged by the CITY to meet the CUSTOMER’s Demand,’as more fullydescribed in one or more of the Confirmation Schedules. "Department of Utilities" means the City of Palo, Department of Utilities, which represents the City of Palo Alto in utilities matters. "Direct Transaction" means the engagement of an Energy Supplier (other than the CITY acting as an Energy Supplier) by the CUSTOMER to supply Energy or render Energy Services. "Distribution Charges" means the Charges imposed by the CITY for the transportation of Energy from the City Gate to the Delivery Point(s). "Early Termination Date" means the Day on which the termination of the Term for cause becomes effective. "Emergency" means the occurrence of an event not arising by an event of Force Majeure which causes physical conditions of property to pose an imminent threat to the health, safety, or welfare of any Person and which requires the immediate attention of a Party. "Energy" means the quantity of electricity, measured in Kilowatt-Hours, or the quantity of natural gas, measured in Therms, or both, that is delivered by the CITY to one or more of the Delivery Points, as more fully described in one or more of the Confirmation Schedules. "Energy Charge" means the price of an Energy product that is delivered to the CUSTOMER, as more fully described in one or more of the Confirmation Schedules. "Energy Services" means the Energy-related services that are rendered to the CUSTOMER, as more fully described in one or more of the Confirmation Schedules. "Energy Supplier" means the Person or entity which is engaged in the business of selling electricity or natural gas, or both, to a Customer , as described in one or more of the Confirmation Schedules. "Event of Default" means any Provision described in Article 14 which entitles the Non-Defaulting Party to exercise the rights set forth in this Contract, or by Law, upon the occurrence of a default by the Defaulting Party. "Expiration Date" means the Day on which the Term hereof expires. "Extension Term" shall have the meaning set forth in Section 2.3 hereof. 971201 syn 0071282 "Faci!itles" means the real property, building facilities, and other improvements an~ appurtenances thereon occupied by the CUSTOMER within the jurisdictional boundaries of Palo Alto, at which one or more of the Delivery Points is !ocated, in existence either at the Commencement Date or during.the Term hereof and. not located within the Public Right-of-Way or the Public Utility Easements, to which Energy is dispatched, as more fully described in one or more of the Confirmation Schedules. means the Federal Energy Regulatory Commission. "Force Majeure" means the occurrence of any event having a materia! adverse effect on the design, construction, installation, management, operation, testing, use or enjoyment of the Utility System or the Facilities, which event includes, without limitation, an Act of God, an act of a superior governmenta! authority, an act of a public enemy, a labor dispute or strike or a boycott which could not be reasonably contemplated by the Party affected thereby, !oss of transmission or transportation services, a defect in manufactured equipment, fire, floods, earthquakes, or any other similar cause. "GAAP" means generally accepted accounting principles consistently applied. "Eazardous Materials" means any substance or material which has been determined by any Agency, including the CITY, to be capable of posing risk of injury to health, safety, and property, including petroleum and petroleum products and all of those materials and substances designated as hazardous or toxic by the United States Environmental Protection Agency, the California Water Quality Control Board, the United States Department ofLabor, the California Department of Industrial~ Relations, the California Department of Health Services, the California Health and Welfare Agency in connection with the Safe Water and Toxic Enforcement Act of 1986, the United States Department of Transportation, the United States Department of Agriculture, the United States Consumer Product Safety Commission, the United States Department of Health and Human Services, the United States Food and Drug Administration or any other Agency now or hereafter authorized to regulate materials and substances in the environment. Without limiting the generality of the foregoing, the term "Hazardous Materials" shall .include all of" those materials and substances defined~ as "toxic materials" in Section 66680 through 66685 of Title 22 of the California Code of Regulations, Division 4, Chapter 30, as the same may be amended from time to time. "Improvement"means any addition, alteration, betterment, construction or modification to the Utility System or the Facilities. "Initial Term" shall have the meaning set forth in Section 2.2 hereof. 971201 syn 0071282 6 "Interstate Delivery" means the transmission of electricity over wires or the transportation ofnatural gas through pipelines subject to regulation by the FERC. "Intrastate Delivery" means the transmission . of electricitY over wires or the transportation of natural gas through pipelines subject to regulation by the CPUC. "Kilowatt" or "KW" means a unit of measurement of power equal to 1,000 watts. "Kilowatt-Hour" or "KWH" means a unit of measurement of power consumption of 1,000 watts for.a period of one hour. "La~’means any administrative or judicia! act, decision, bill, certificate, charter, code, constitution, opinion, order, ordinance, policy, procedure, rate, regulation, resolution, rule, schedule, specification, statute, tariff, or other requirement of any district, local, municipa!, county, joint powers, state, or federal agency, or any other Agency having joint or several jurisdiction over the Parties to this Contract, in effect either at the Commencement Date or during the Term hereof, including, without limitation, any regulation or order of an official or quasi- official entity or body governing the applicable service provided by the CITY, including the Provisions of this Contract, to which a Customer may be.subject or bound. "Letter of Credit" means an irrevocable transferable standby letter of credit issued by a major United States commercial bank or a foreign bank with a United States branch office with such bank having a credit rating of at least "A-’, from S&P or "A3" from~ Moody’s and being in a form reasonably acceptable to the Party in whose favor the letter of credit is issued. "Load" means the quantity of Energy required by the CUSTOMER over a specific period of time, or the amount Of power delivered.or required at any specific point on the Utility System. "Load Factor" means the ratio of average Load to Peak Load during a specific period of time expressed as a percentage. "Load Monitoring Services" means services which entail, without limitation, the assessment of the functions, operation and performance of a Customer’s power facilities and a review of the efficiency of electricity consumption over one or more periods of time. "Loop Flow~ means the difference between the path or paths on which the Parties have agreed that power will be delivered to the CUSTOMER and the actual path or paths on which such power is delivered. "Loss" means the amount of power expressed as a percentage that is not delivered by the Energy supplier to the CUSTOMER on account of ambient conditions existing at the time of transmission. 971201 s}m 0071222 7 "Market-based Energy" means Energy, the price of which is established on the open m~rket at the California border (in the case of natural gas) or on the NYMEX (in the case of electricity), or other comparable index. "Maximum Daily Quantity" or "MDQ" means the maxlmum quantity of natural gas that is purchased by the CUSTOMER and is scheduled for delivery each Day by the CITY to one or more of the Delivery Points. "Minimum Daily Quantity" means the minimum quantity of natura! gas that is purchased by the CUSTOMER and is scheduled for delivery each Day by the CITY to one or more of the Delivery Points. "MCF"means a unit of measurement of the volume of natural gas equa! to 1,000 cubic feet. "Megawatt" or "MW" means a unit of measurement of power equal to 1,000 KW. "Megawatt-Hour" or "MWH" means a unit of measurement of power consumption of 1,000 KW for a period of one hour. "Meter" means the equipment or instrument that measures the quantity of electricity or natura! gas, or both, delivered by the CITY to one or more of the Delivery Points. "Metering Charge" means the Charge(s) for the.purchase, installation, testing, maintenance, repair and removal of metering or other.similar data gathering equipment .related to the energy use of the Customer. "Mill" means a unit of measurement for the pricing of Energy, expressed in terms of one-tenth of one cent. "Ml~Btu" means a unit of measurement of the natural gas equal to 1,000,000 Btu. quantity of "Month" means a calendar month, commencing at 12:00:00 a.m. Pacific Standard Timeon the first Day of the calendar month and ending at 12:00:00 a.m. Pacific Standard Time on the first Day of the following calendar month. "Moody’s" means Moody’s ~Investor Services, Inc. or its successors and assigns. "Multiplier" means a factor which is used to convert a quantity of natural gas measured at one or more of the CUSTOMER’s Meters into heat or therma! energy for billing purposes, and is used to convert the average number of Therms per i00 CF of natura! gas consumed over a specified period of time. "Nomination"means the quantity of natural gas ordered by the CUSTOMER for delivery during~ a specified period of time. 971201 syn 00712~2 8 "Non-Defaultlng Party" means any Party who is not a Defaulting Party. "I/YMEX" means the New York Mercantile. Exchange. "Off-Peak Demand" means a level Of Demand of the CUSTOMER during a specified period of time of a Day, usually commencing at ii:00 p.m. of the first Day and expiring at 6:00 a.m. of the following Day. "Other Gas" means any combustible gaseous or vaporous mixture which is used to produce heat or thermal energy by burning, including, without limitation, compressed natura! gas, liquefied petroleum gas, gas manufactured from coal or oil, gas produced from biomass, or gas produced at or from a landfill, or a combination of any of the above items; provided, however, natura! gas is not considered an Other Gas. "Parties" means the CITY and the CUSTOMER. "Party" means the CITY or the CUSTOMER. "Peak Demand" means a level of Demand of the CUSTOMER during a specified period of time of a Day, usually commencing at 6:00 a.m. and expiring at ii:00 p.m. on the same Day. "Peak Load" means the maximum Load consumed or produced over a specified period of time. "Person" means any individual,- for profit corporation, nonprofit corporation, limited liability company, partnership, limited liability partnership, joint venture, business trust, sole proprietorship, or other form of business association. "PG&E" means the Pacific Gas and Electric Company, corporation duly organized and validly existing under the Laws of the State of California, its directors, officers, employees, partners, principals, agents and contractors and its successors and permitted assignees. "Poles" mean those poles, to which electric power distribution lines are attached, that are separately owned by the CITY, or are jointly owned by the CITY with Pac Bell or PG&E, or both, pursuant to one or more written agreements. "Provision" means any agreement,, circumstance, clause, condition, covenant, fact, objective, qualification, restriction, recita!, reservation, representation, term, warranty, or other stipulation in this Contract or in Law that defines or otherwise controls, establishes, or limits the performance required or permitted by any Party hereto. All Provisions, whether covenants or conditions, shall be deemed io be both covenants and conditions. "Public Right-of-Way" means the areas owned, occupied or used by the CITY for the purposes of furnishing on a retail basis 971201 s}~ 0071282 9 electricity, natural gas, water, sewer, storm drain, refuse or communications commodity a~d/or distribution service, and the means of public transportation, to the general public, including, without limitation, the public alleys, avenues, boulevards, courts, curbs, gutters, lanes, places, roads, sidewalks, ~sidewalk planter ar~as,. streets, and ways, in existence either at the Commencement Date or at any time during the Term hereof. "Public Utility Easements" means the areas occupied or used by the CITY for the purpose of providing Energy to the general public and all Energy Services offered by the Department of Utilities, the rights of which were acquired by easements appurtenant or in gross, or are other interests or estates in real property,~ or are the highest use permitted to be granted by the nature of the CITY’s interest in and to the affected rea! property. This term incorporates all public service easements for utilities that have been recorded by the CITY with the Recorder of the County of Santa Clara, California. "Receipt Point" means a place or location at which electricity or natura! gas is received by the CITY from its Energy Supplier. "Reservation Charge" means a fee payable at the outset by a recipient of Energy service based on tota! entitlement for gas transportation services. "Scheduling"means (i) in reference to the CITY, the act o~ making power or natura! gas available for delivery to or for the account of the CUSTOMER or (ii) in reference to the CUSTOMER, the act of causing the CUSTOMER’s Transmission Provider or Transportation Provider to make available at one of more of the Delivery Points sufficient transmission capacity or transportation capacity to permit such Transmission Provider or Transportation Provider to receive the quantities of power or natural gas that the CITY must make available at one or more of the Delivery Points. "Scheduling Coordination Services" means the arrangement of the delivery of Energy to.a CUSTOMER by an Energy Supplier who acts through a Third Party. "Shrinkage" means the loss of a small percentage of the volume of natural gas that is transported and delivered to one or more of the Delivery Points. "Sole Discretion" means, whenever a Provision rests in the !’Sole Discretion" of an individual representing a Party to this Contract, then that individua! must base a decision upon factors as is deemed appropriate by that individual, and that individual shall not be required to state any reason for the decision. The other Party affected by the decision may not compe! a contrary or different decision on any such matter, and notwithstanding any other Provision hereof, the individual exercising the "Sole Discretion" shall not be liable to the other Party for any effect of the decision. 971201 ~’n 0071282 !0 "S&P"means the Standard & Poor’s Rating Group,.a division of McGraw-Hill, Inc., or fts successors and assigns. "Standby Services" means support service that is available, as needed, to supplement a Customer to replace normally. scheduled power. "Storage Charges"~means a Charge for the service in which natura! gas in received by the seller of the service and held for the account of the Customer for redelivery at a later time. "Tax"means any assessment, charge, imposition, license, or levy (including any utility users tax) in effect either at the Commencement Date or during the Term hereof and imposed by any Agency, including the CITY. "Term"means the Initial Term and the Extension Term, if applicable. "Therm" means a unit of measurement.of the heat or thermal energy content of natural gas. One (i) therm equals I00,000 Btu. "Third Party" means any ~arty other than the CITY or the CUSTOMER. "Transaction"means any agreement or amendment thereto by the Parties for the purchase of Energy or the rendering of Energy Services, or both, as set forth in one or more Confirmation Schedules. "Transition Cost Recovery Charge" means the cost that is assessed or levied by the CITY, in order to recover the expenses and liabilities associated with the uneconomic investment in electric generation facilities, of any such Person and that, directly or indirectly, would affect an ongoing Transaction; provided, however, any such cost will be applied in a non- discriminatory manner and made applicable to all similarly situated parties. "Transmission Provider" means any Third Party that provides Transmission Service. "Transmission Service" means the scheduling of the Interstate Delivery or Intrastate Delivery, or both, of power. "Transportation Provider" means any Third .Party that provides Transportation Service. "T.ransportation Service" means the scheduling of the Interstate Delivery or Intrastate Delivery, or both, of natural gas. "Utilities Director" means the individual designated as the director of utilities under Section 2.08.200 of Chapter 2.08 of 971201 D~ 0071282 !1 Title 2 of the Palo Alto Municipal Code, and any Person who is ’Vdesignated the representatl e of the director of utilities. "Utility Rules and Regulations" means the compendium of utility rules, regulations and rate schedules prepared by the Department of Utilities and adopted by ordinance or resolutioi of the Council pursuant to Chapter 12.20 of the Palo Alto Municipal Code. "Utility System" means the CITY’s electric power and natural gas distribution systems, including, without limitation, all substations, distribution towers, generators, transformers, busses, wires, poles, vaults,, conduits, capacitors, resistors, pipes, valves, fittings, and risers that are used to deliver Energy to Customers. "Voltage Support Services" means the technical assistance rendered to a Customer in monitoring the quality and quantity of a direct electric current passing through an electrical circuit, including, without limitation, an electrical conductor. "Year" means a calendar year, unless a Contract Year is specified, commencing at 12:00:00 a.m. Pacific Standard Time on the first Day of the calendar year and ending at 12:00:00 a.m. Pacific Standard Time on the first Day of the fol!owing calendar year. In additional to the foregoing, other Special Terms are defined throughou~ the Contract and the Confirmation Schedules. 971201 syn 0071282 12 EXHIBIT CALCULATION OF TERMINATION PAYMENT Either Party may terminate this Contract for convenience upon at least thirty (30) Days prior written notice to the other; and upon the payment of the applicabletermination payment as more f~lly described below. CUSTOMER TERMINATES FOR CONVENIENCE: If the CUSTOMER terminates this Contract for convenience, the following Provisions will apply: A) If the aggregate Energy Charges paid by the CUSTOMER during the Term were greater than the aggregate Energy Charges that the CUSTOMER would have paid if the Energy Charges were calculated in accordance with the utility rate schedule(s) that would be applicable to the CUSTOMER in the absence of this Contract, then the CITY shal! pay the CUSTOMER a sum of money equal to ninety percent (90%) of the difference between these amounts (i.e., 90% of the excess amount paid by the CUSTOMER). In such event, the CITY shal! pay the CUSTOMER in a lump sum, in cash, plus interest at a rate established under Section 5.3 of the Contract from the termination date until the date of payment in~fuli, or the CITY may elect to credit the amount (including interest, if authorized by any CITY rule, regulation or procedures) against the CUSTOMER’s future purchases of Energy for a period not to exceed five (5) Years from the effective termination date. Any amounts remaining unpaid shall be paid by the CITY to the CUSTOMER in a lump sum at the end of such five-year period. B) If the aggregate Energy Charges paid by the CUSTOMER during the Term were less than the aggregate Energy Charges that the CUSTOMER would have paid if the Energy Charges were calculated in accordance with the utility rate schedule(s) that would be applicable to the CUSTOMER in the absence of this Contract, then the CUSTOMER shal! pay the CITY a lump sum of money equal to one hundred ten percent (110%) of the difference between these amounts (i.e., 110% of the savings realized by the CUSTOMER). In such event, the CUSTOMER shall pay the CITY in a lump sum, in cash, plus interest at a rate established under Section 5.3 of the Contract from the termination date unti! the date of payment in full. CITY TERMTNATES FOR CONVENIENCE: If the CITY terminates this Contract for convenience, the following Provisions will apply: A) If the aggregate Energy Charges paid by the CUSTOMER during the Term were greater than the aggregate Energy Charges that the CUSTOMER would have paid if the Energy Charges were calculated in accordance with the utility rate schedule(s) that would be applicable to the CUSTOMER in the absence of 971201 syn 0071282 13 this Contract, then the CITY shall pay the CUSTOMER a sum of money equal to one" hundred ten percent (110%) of the difference between these amounts (i.e., 110% of the excess amount paid by the CUSTOMER). In such event, the CITY shal! pay the CUSTOMER in a lump sum, in cash, plus interest at a rate established under Section 5.3 of the Contract. B) If the aggregate Energy Charges paid by the CUSTOMER during the Term were less than the aggregate Energy Charges that the CUSTOMER would have paid if the Energy Charges were calculated in accordance with theutility rate schedule(s) that would be applicable to the CUSTOMER in th4 absence of this Contract, then the CUSTOMER shall pay the CITY a sum of money equa! to ninety percent (90%) of the difference between these amounts (i.e., 90% of the savings realized by the CUSTOMER). In such event, the CUSTOMER shall pay to the CITY in a lump sum, in cash, plus interest at a rate establfshed under Section 5.3 of the Contract from the terminate date until the date of payment in full, or the CUSTOMER may elect to make monthly payments in equa! amounts over a five-year period.. APPLICABLE RATE SCHEDULES For the purposes of this EXHIBIT-"B", the applicable utility rate schedule(s) shall be: (I) For current CUSTOMER accounts, the current applicable utility rate schedule shall apply; (2)If more than one utility rate schedule applies to a specific CUSTOMER account, the seasona! energy utility rate schedule shall apply; (3) (4) If the seasonal utility rate schedule ceases to exist, the annual utility rate schedule shall apply;.and If the CUSTOMER adds new CUSTOMER’s Facilities tO its account, the CITY will evaluate the Load of each of the CUSTOMER’s Facilities and apply the applicable utility rate schedules to each of the CUSTOMER’s Facilities. 971201 syn 0071282 14 CONFIDENTIAL INFORMATION The following attachments to the original contract are not reproduced here as they are confidential: Exhibit C, Customer Accounts Confidential Information, Confirmation Schedule No. 1 For Purchase of Energy Confidential Information, Confirmation Schedule No. 1 For Acquisition of Energy Services ENERGY AND ENERGY SERVICES CONTRACT SYNTEX (U. S. A.) INC. AND THE CITY OF PALO ALTO UTILITIES .[anua~ 1999 CITY OF PALO ALTO UTILITIE.S I I I I I I I I, i 990107 syn 0071551 ENERGY AND ENERGY SERVICES CONTRACT BETWEEN THE CITY OF PALO ALTO SYNTEX (U.S.A.) INC. TABLE OF CONTENTS ARTICLE 1 2 3 4 6 7 8 9 i0 II 12 13 14 15 16 HEADING SPECIAL TERMS TERM AND TERMINATION ENERGY AND ENERGY SERVICES EXCEPTIONS TO ENERGY SALES AND SERVICES ENERGY AND ENERGY SERVICES CHARGES TAXES SECURITY DEPOSIT OBLIGATIONS OF THE PARTIES INSURANCE INDEMNITY AND LIMITATIONS WAIVER REPRESENTATIONS AND WARRANTIES ASSIGNMENT DEFAULT AND REMEDIES FOR DEFAULT NOTICE MISCELLANEOUS PROVISIONS 2 3 5 5 6 7 8 8 8 9 9 ii II 14 15 ! I I, I i S~Y OF EXHIBITS AIqD ATTACHIMENTS EXHIBIT ~’A" EXHIBIT EXHIBIT EXHIBIT "D" CONFIRMATION SCHEDULE NO. I CONFIRMATION SCHEDULE NO. i SPECIAL TERMS’ APPLICABLE RATE SCHEDULES CUSTOMER.ACCOUNTS COST EFFECTIVENESS CRITERIA FOR ENERGY EFFICIENCY PROJECTS (ENERGY) (ENERGY SERVICES) 990107 ~ 0071551 ENERGY AND ENERGY SERVICES CONTRACT (Physical Contract) I I I I I I I I | I ~/~; THIS ENERGY AND ENERGY SERVICES CONTRACT, dated a~ of/ , ~, is made. and entered into by and between the CITY O~ PASO ALTO and SYNTEX (U.S.A.) INC., in reference to the following facts: A. The CITY, the owner of natural gas and electric utility distribution systems which are regulated by the City Counci!, supplies and distributes Energy and Energy Services to Palo Alto residents and businesses at prices which are adopted by resolution and established under rates set forth in the Utility Rules and Regulations. B. Since 1992, substantial changes in federal and California law have resulted in the deregulation of the natural gas and electric utility industries. In July 1994, the CITY first offered to eligible industrial Customers and large commercial Customers an opportunity to acquire Transportation Service without purchasing natura! gas from the CITY. On March 24, 1997, the City Council responded to developments prompted by the passage of Assembly Bill 1890 in September 1996 by adopting Resolution No. 7657, which authorizes Direct Transactions between the CITY’s Customers and alternate suppliers of electricity and further authorizes the CITY to develop new energy products and services and engage in such other actions as will~benefit the CITY’s Customers. C. -The CITY has introduced Energy Services that will be made available to eligible industrial Customers and large commercial Customers. SYNTEX (U.S.A.) INC. has been determined to be eligible to receive Energy and Energy Services at one or more of its Facilities. THE PARTIES AGREE as follows: ARTICLE i.SPECIAL TERMS i.I The special terms that are denoted by initial or full capitalized letters in this Contract and the Confirmation Schedules shall have the meanings set forth in EXHIBIT "A", unless the context clearly indicates otherwise. 1.2 The CITY shall have the right, but not the obligation, to adopt standard terms and conditions governing the CITY’s use of its Utility System, and every part thereof, at any time during the Term hereof by ordinance or resolution, or both, as a result of changes in federal, state or local law or policy. 990107 s~n 0071547 1.2.1 In the event that the CITY adopts standard terms and conditions gbverning the CITY’s use of its Utility System which (I) would materially and adversely affect the rights or obligations of the CUSTOMER, then, upon~ the request of the CUSTOMER, the Parties shal! in good faith confer and attempt to renegotiate the Provisions of this Contract which are affected thereby. 1.2.2 If the Parties are unable to reach mutual agreement on such renegotiated Provisions within thirty (30) Days after the Day on which the CUSTOMER’s election to renegotiate is communicated, in writing, to the CITY, the CUSTOMER will have the right for a period of sixty (60) more Days to terminate this Contract by giving not less than thirty (30) Days written notice of termination to the CITY. Any such termination shall be deemed a termination by the CUSTOMER for convenience and the CUSTOMER shall be obligated to pay to the CITY , or shall be entitled to receive from the CITY, respectively, the difference between the amount that the CUSTOMER would have paid in the absence of this Contract and the amount that the CUSTOMER actually paid under this Contract. Unless otherwise agreed to by the Parties during the course of renegotiations, the Charges in effect and applicable to the sale of Energy and the rendering of Energy Services hereunder shall continue in effect during the period of renegotiation and notice under the Provisions of this Article. 1.2.3 Subject to Subsection 1.2.2 above, to the degree or extent any special term in this Contract is, directly, in conflict with the standard terms and conditions adopted by the CITY following the execution of this Contract, the applicable Provision that imposes the higher duty or standard shall govern. ARTICLE 2.TERM AND TERMINATION 2.1 This Contract shall be binding on the Parties on the Commencement Date. 2.2 The Initia! Term ~ereof shall be approximately five (5) years, beginning on the Day of the Billing Period commencing in January 1999 and expiring on the Day of the Billing P@riod ending in December 2003. 2.3 The Initial Term may be extended by the Parties, by mutual agreement, provided, however, the Initial Term and any Extension Term may be terminated earlier in accordance with the Provisions hereof. The City Manager, acting on behalf of the CITY and with the approval of the City Attorney as to form, will approve the application of the CUSTOMER to extend the Initial Term, provided that: 990107 s.vn 0071547 2 2.3.1 The CUSTOMER gives to the Utilities Direct acting on behalf of the CITY, a written request to extend the Term not less than thirty (30) Days prior to the .expiration of the Initial Term; 2.3.2~ The CUSTOMER submits any ahd all documents and information reasonably requested by the CITY in support o~ the written request to extend the Term and complies with al! other reasonable CITY-established terms, conditions and procedures pertaining to the request to extend the Term; 2.3.3 The CUSTOMER is not then in default under the Provisions hereof on the Day that the CUSTOMER submits the w~itten request to extend the Initial Term; and ! ! 2.3.4 The Parties, by mutual agreement, agree to be bound by all other Provisions, if any, governing the rights and obligations of the Parties during the Extension Term. 2.4 T~is Contract may be terminated for convenience by a Party in accordance with the Provisions of Section 2.5, provided, however, the Party wishing to terminate for convenience shall give the other Party not less than thirty (30) Days’ prior written notice as a condition precedent to the effective date of any notice of termination for-convenience. 2.5 One or more Provisions may be renegotiated by the Parties only for a period of 90 Days commencing not later than 120 Days prior to the end of the second and fourth Contract Years. The Party initiating a request to renegotiate a Provision shall give the other Party written notice of its request as a condition precedent to the other Party’s obligation to enter into renegotiations. If the Parties fai! to duly execute an amendment to or a restatement of this Contract before the expiration of the ninety-day period, then either Party may terminate for convenience in accordance with the requirements of Section 2.4, otherwise, this Contract shall remain in effect. 2.5.1 The CUSTOMER acknowledges and understands that, if this Contract is terminated for convenience or for cause by any Party, it will be obligated to pay for electric utility services provided by the CITY in accordance with the applicable utility rate schedule of the CITY generally defined in EXHIBIT "B". ARTICLE 3. ENERGY AND ENERGY SERVICES 3.1 Subject to the Provisions hereof, the CITY agrees to sell Energy and render Energy Services to the CUSTOMER, and the CUSTOMER agrees to purchase Energy and receive Energy Services from the CITY, as more fully described in one or more of the Confirmation Schedules. The CITY’s obligation to sell Energy or 990107 s)~ 0071547 3 ! render Energy Services is expressly conditioned on the right of the CITY to offer or withdraw.any kind of Energy or Energy Services now or hereafter offered to any Customer, including the CUSTOMER, during the Term of this Contract ; providedi however, the CITY shall continue to offer those Energy or Energy Services which the CITY is committed to sel! or render to the CUSTOMER during the-Term of this Contract. Nothing in this Contract shall be deemed or construed to grant, convey, Create, or vest in a Party any estate or interest in the tea! property or p~rsonal property of the other Party, except as may be provided herein. 3.2 Subject to the applicable Utilities Rules and Regulations, which shall take precedence, the CITY, and its officers, employees, agents and contractors shall have reasonable access to the CUSTOMER’s Facilities to inspect and perform alterations, mafntenance and repair work on the Utility System, or any portion thereof, that is !ocated at the Facilities subject to the following Provisions: (a) the CITY shall provide the CUSTOMER with five (5) days prior notice of any occasion for which access is sought, except in the event of an Emergency; (b) the CITY’s representatives shall check in with the CUSTOMER’s designated representative upon arrival at the Facilities, and the CITY’s representatives shall be escorted at al! times in the Sole Discretion of the CUSTOMER; and (c) the CITY shall repair and restore (or at the election of the CUSTOMER reimburse the CUSTOMER for the reasonable costs of repairing and restoring) all damage to the CUSTOMER’s Facilities ’caused by the CITY’s representatives. 3.3 Subject to the applicable Utilities Rules and Regulations, which shal! take precedence, the CUSTOMER shal! maintain at al! times during the Term of this Contract its eligibility to purchase Energy and receive Energy Service pursuant to the eligibility criteria set forth in the Utility Rules and Regulations. 3.4. The procedures for the initiation of the purchase of Energy and the rendering of Energy Services shall be identified by the Parties in one or more of the Confirmation Schedules, to the extent the procedures are-not established under the Utility Rules and Regulations. 3.5 As a condition precedent to the sale of Energy by the CITY pursuant to the Provisions of this Contract, the CUSTOMER shal! make or cause to be made any and all necessary modifications to the Facilities to the reasonable satisfaction of the Utilities Director, acting on behalf of the CITY. Any such modifications shall be set forth in one or more of the Confirmation Schedules. 990107 syn 0071547 ARTICLE 4,EXCEPTIQN$ TQ ENERGY SALES AND SERVICES 4.1 The CITY shall be temporarily excused from the obligation to sell Energy or render Energy Services, as the case may be, to the CUSTOMER under any of the following conditions: (a) period of time Energy; The occurrence of an event of Force Majeure for the that the CITY is temporarily unable to deliver (b) The failure of the CUSTOMER to perform a material obligation which is a condition precedent to the CITY’s obligation of performance. ARTICLE 5. ENERGY AND ENERGY SERVICES CHARGES 5.1 The Charges for Energy and Energy Services, including, without limitation, Connection Charges, Demand Charges, Energy Charges, Energy Service Charges, Metering Charges, Reservation Charges, Distribution Charges, Storage Charges and Charges for Standby Service, Shal! be as set forth in one or more Confirmation Schedules. 5.2 On or before the fifteenth Day after the end of the Billing Period, the CITY shall submit to the CUSTOMER a billing statement for each¯ Billing Period, in which Energy is sold or Energy Services are rendered to the CUSTOMER. Al! amounts shall become due and payable within thirty (30) Days of the date of the billingstatement. In the event a delay in distributing’the bill statement is caused by the CITY, an extended payment period beyond 30 days shall be made available to reflect such delay and late payment fees shall be waived during this extended period. Payment shall be made in United States dollars and delivered or mailed to the Customer Service Center, Department of Utilities, City of Palo Alto, 4th F!oor, 250 Hamilton Avenue, Palo Alto, CA 94301 or Post Office Box 10250, Palo Alto, CA 94303. 5.3 Except as otherwise provided in this Cbntract or any Confirmation Schedule, a billing statement that is not paid in full within the time permitted hereunder or as may be established under the~Utility Rules and Regulations will accrue interest charges on the unpaid balance at the rate established in the Utility Rules and Regulations or at the maximum rate allowed by Law, whichever is lower. 5.4 In addition to the rights of the CITY reserved under this Contractor allowed by Law, if the CUSTOMER fails to pay the billing statements as they shall become due for a period of three (3) consecutive Billing Periods, the CITY, acting by and through the Utilities Director in his Sole Discretion, may suspend sales of Energy and the rendering of Energy Services to the CUSTOMER, assess 990107 syn 0071547 5 | ! Charges for Energy and Energy Services set forth in the utility rate schedules under the Utility Rules and Regulations, or undertake such other reasonably necessary action, including, without limitation, imposing security deposit and other financial reportingrequirements. 5.5 The CITY acknowledges that the CUSTOMER has requested the CITY to maintain the confidentiality of information, including, without limitation, information pertaining to the CUSTOMER’s Load, Demand and the Charges paid to the CITY, and, to the extent permitted by Law, any such information shall be deemed Confidential Information under this Contract and shall not .be disclosed by any Party to a Third Party, unless such disclosure is compelled by Law. If any Third Party seeks access to Confidential Information that is protected from disclosure under this Contract, the Party receiving the request shal! inform the other Party in a timely manner in order that either Party or the Parties may initiate timely appropriate legal action to prevent such disclosure. Section 14.4 notwithstaDding, damages for breach of this confidentiality by a Party shall be established and awarded after appropriate legal action by the Party injured by such disclosure is instituted. ARTICLE 6. TAXES 6.1 The CUSTOMER shall pay before delinquency and Without notice or demand any Utility Tax which.is levied, imposed or assessed in compliance with Laws against the CUSTOMER’s income or the Facilities, or for which the CUSTOMER may become liable under the Provisions hereof, and any payment made under this Article shall not reduce the amount of the Energy Charges, Energy Service charges or any other Utility Charge that is required to be paid by the CUSTOMER to the CITY, as follows: 6.1.1 The CUSTOMER promptly shall pay any Tax, fine or penalty which may be due and payable to the CITY in connection with this Contract and all licenses and privileges granted hereunder. 6.2 In the event that the CUSTOMER desires in good faith to contest or review by appropriate legal or administrative proceedings any Utility Tax specified or reasonably contemplated under the Provisions of this Article 6, the CUSTOMER shall, at least ten (i0) Days prior to the delinquency of any Utility Tax, or within the period of time allowed by Law, give the CITY written notice of its intention to so contest. The CUSTOMER may withhold payment of the Utility Tax being contested if, but only if, nonpayment is permitted during the pendency of such proceedings without the foreclosure of any Utility Tax lien or the imposition of any fine or penalty. The contest shall be prosecuted to completion without unreasonable delay and at the CUSTOMER’s sole 9~)107 syn 0071547 6 I cost and expense. Within ten (i0) Days or the period of ti allowed by Law after the ~inal determination of the amount due from the CUSTOMER with respect to any contested Utility Tax, the CUSTOMER shall pay the amount so .determined to be due, together with interest thereon to the extent required by law. The failure to pay any Utility Tax hereunder (except as provided by ~this Section 6.2) shall constitute an Event of Default by the CUSTOMER, and the obligation to pay the same shall survive the.expiration or earlier termination hereof. I i i 6.3 The CUSTOMER covenants and agrees to indemnify and hold harmless the CITY from and against any cost, expense or damage ~resulting from such contest or proceeding, and further covenants and agrees to indemnify and hold harmless the CITY from and against any liability, loss or damage resulting from any Utility Tax required to bepaid by the CUSTOMER, from any other sums imposed thereon, and from any proceedings to enforce the collection of any Utility Tax for which the CUSTOMER. may be liable, provided, however, that the foregoing shall not apply to any contest or other proceeding relating to any Utility Tax imposed by the CITY. 6.4 If the CUSTOMER fails to pay any Utility Tax required to be paid by the CUSTOMER hereunder, the CITY~ has the right, but not the obligation, on five (5) Days prior written notice to the CUSTOMER following the assessment of any delinquency against the CUSTOMER, to pay, discharge, or adjust such Utility Tax for the CUSTOMER’s benefit. In such event, the CUSTOMER, upon demand of the CITY, promptly shall reimburse the CITY for the full amount paid, discharged or adjusted by the CITY, together with interest thereon from its due date at the maximum rate of interest allowed by Law until paid. ihny receipt showing payment by the CITY on.behalf of the CUSTOMER shall be prima facLe evidence that the amount of such payment was necessary and reasonable and made by the CITY on the CUSTOMER’s behalf. ~d%TICLE 7.SECURITY DEPOSIT 7.1 The CITY, acting by and through the CITY Manager, may require a security deposit to be posted by the CUSTOMER for any reasonable fixed period of time (not to exceed the duration of the Term) under the following conditions: (a) Whenever the CUSTOMER has failed to pay billing statements in a timely manner for two (2) consecutive Billing Periods, or there exists some other Event of CUSTOMER Default that bears on the CUSTOMER’s financial capability; or (b) Whenever the rights and obligations of the CUSTOMER under this Contract shall be assumed by an Affiliate of the CUSTOMER. 990107 syn 0071547 7 (c) If a security deposit is required by the CITY, the CUSTOMER shall comply with such requirements in a timely manner, and a failure thereof shall constitute an Event of Default. The requirements for the posting of a security deposit and its return to the CUSTOMER shall be as set forth in the Utility Rules and Regulations. 7.2 In addition to the foregoing, the City Manager , in good faith, may require the CUSTOMER to periodically submit one or more financial statements and information if she determines that it is reasonably necessary to document the CUSTOMER’s ability to perform, and, in connection herewith, the the requirements of the Utility Rules and Regulations pertaining to the provision of such financial statements shall apply to the Parties. ARTICLE 8.QBLIGATIONS OF THE PARTIES 8.1 The CUSTOMER will use reasonable efforts to maintain, service and repair the Facilities in a manner that facilitates the provision of Energy under this Contract. The interconnection of the Utility System, including the CUSTOMER’s Meter(s), shall be effected by the mutual cooperation of the Parties. 8.2 The CITYwill use reasonable efforts to construct, maintain, service and repair its Utility System, including the CUSTOMER’s Meter(s), to assure the reliable delivery of Energy to the CUSTOMER. ARTICLE ~. INSURANCE 9.1 During the Term hereof, the CUSTOMER, at its sole cost and expense, shall obtain and maintain or cause to be obtained and maintained the policies of insurance or give proof of a program of self-insurance and the amounts specified in the Confirmation Schedule(s)> or if such requirements are not addressed in the Confirmation Schedule(s), in the Utility Rules and Regulations, including, without limitation, workers compensation and employers liability insurance, commercial general liability insurance, and fire all risk replacement cost insurance. ARTICLE I0.INDEMNITY AND LIMITATIQNS i0.I Each Party shall indemnify, protect, defend (with counsel reasonably acceptable to the other Party) and hold harmless the other Party, its counci! members, directors, officers, trustees, employees, partners, principals, contractors, agents and representatives, from and against any and al! administrative and judicial proceedings and orders, charges, claims, costs, damages, demands, expenses, fines, judgments, liabilities, losses, penalties, and remedial actions Of any kind (collectively, 990107 syn 0071547 8 "Damages"), including, without limitation, reasonable attorney’s fees and the costs of defense arising, directly or indirectly, in whole or in part, out of° such~Party’s activities or such Party’s property described in this Contract and not arising out of the sole negligence or willful misconduct of the other Party. The other Party shall be liable only for the Damages arising from its negligence or willful misconduct, and shall not be responsible for any Damages occurring by reason of anything done or omitted to be done by any Third Party who is not an agent or representative of that Party. ARTICLE ii. WAIVER Ii.I The consent by a Party to any act by the other Party shal! not be deemed to imply consent or to constitute the waiver of a breach of any Provision hereof or a continuing waiver of any subsequent breach of the same or any other Provision, nor shall any custom or practice which may arise between the Parties in the administration of any part of the Provisions hereof be construed to waive or lessen the right of a Party to insist upon the performance by the other Party in strict accordance with the Provisions hereof. 11.2 The CUSTOMER waives any and-all claims or causes of action against the CITY, or its council members, officers, employees, and agents, which it may now or hereafter have at any time for any economic or non-economic loss or damage suffered by the CUSTOMER as a result of a Curtailment of Energy sold to the CUSTOMER, where the Curtailment is beyond the reasonable contro! of the CITY, except as such claim or cause of action may arise from ~he active negligence or the willfu! misconduct of the CITY, its council members, officers, employees, or agents. In the event of a Curtailment, the CITY shal! use reasonable efforts to obtain Energy from alternate Energy Suppliers. ARTICLE 12.REPRESENTATIONS AND WARRANTIES 12.1 The CUSTOMER represents and warrants: 12.1.1 It is a corporation duly organized and validly existing and in good standing under the Laws of the State of Delaware. It has all requisite corporate power and authority to own or lease its property, tea! and personal, and operate its business as and where it is now being conducted. 12.1.2 It has the power and authority to enter into this Contract and perform its obligations hereunder. The execution, delivery and performance hereof have been duly authorized by all necgssary corporate actions and proceedings. This Contract is (and any other instrument, document or writing to be executed and delivered by the CUSTOMER pursuant hereto will be) legal, valid and 990107 syn 0071547 9 binding obligations of the CUSTOMER, and enforceable against the CUSTOMER in accordance with the Provisions hereof except as may be limited by applicable Laws. 12.1.3 The execution and delivery hereof and any other instrument, document or writing contemplated hereby by the CUSTOMER will not conflict with or violate or constitute a breach or default under the articles of incorporation or bylaws of the CUSTOMER 12.1.4 All information, financial statements, records, reports, resolutions, certifications and other documents or writings which will be submitted by the CUSTOMER pursuant to the Provisions hereof will be true and correct at the time .such information, financial statements, records, reports, resolutions, certifications and other documents or writings are submitted or made available to the CITY. 12.2 The CITY represents and warrants: 12.2.1 It is a municipa! corporation duly organized and validly existing and in good standing under the Laws of the State of California. It has all requisite corporate power and authority to own or lease its property, rea! and personal, and operate its business as and where it is now being conducted. 12.2.2 It has the power and authority to enter into this Contract and perform its obligations hereunder. The execution, delivery and performance hereof have been duly authorized by all necessary actions and proceedings. This Contract is (and any.other instrument, document or writing to be executed and delivered by the CITY pursuant hereto will be) legal, valid and binding obligations of the CITY, and enforceable against the CITY in accordance with the Provisions hereof except as may be limited by applicable Laws. 12.2.3 The execution and delivery hereof and any other instruments, documents or writings contemplated hereby by the CITY will not conflict with or violate any provision of the Charter of the City of Palo Alto or the Palo Alto Municipal Code. 12.2.4 To the extent required by Law, it will obtain the authorization of the CPUC or FERC, or both, to provide Energy within and without the jurisdictional boundaries of Palo Alto, and to operate as an energy service provider.. 12.2.5.The CITY will use reasonable efforts to assure that its systems required for-the provision of Energy and Energy Services are fully Year 2000 compliant. 990107 syn 0071547 10 ARTICLE 13. 13.1 The CUSTOMER may assign or transfer, pursuant to a merger or sale of all or substantially all of the assets or stock of the CUSTOMER, al! of its rights and obl’igations under this Contract to any Person, so long as the" surviving or purchising entity asstunes, in writing, all of the obligations of the CUSTOMER under this Contract, and the CITY, acting by and through the City Manager, confers its approval, which shal! not be unreasonably withheld. The CUSTOMER may assign some or all of its rights hereunder to any Affiliate of the CUSTOMER, provided that the CUSTOMER gives thirty (30) Days prior written notice to the City Manager and the City Attorney and obtains the written approva! of the City Manager acting , which consent shal! not be unreasonably withheld. 13.2 Any assignment, transfer, license, conveyance, ~sale, hypothecation or encumbrance hereof by the CUSTOMER not authorized hereunder shall be null and void, and, at the option of the CITY, acting by and through the City Manager with the approval of the City Attorney, shal! constitute an Event of CUSTOMER Default. 13.3 The CUSTOMER, as assignor, and any Person, including an Affiliate, as assignee, to whom the rights and obligations of the CUSTOMER under this Contract are assigned shall be and remain jointly and severally liable for the performance of all obligations of the CUSTOMER under this Contract. ARTICLE 14.DEFAULT AND REMEDIES FOR DEFAULT 14.1 This Contract may be terminated by the CITY upon the occurrence of a default by the CUSTOMER under this Contract ("Event of CUSTOMER Default"), and the CUSTOMER fails to cure the same within thirty (30) Days or such longer period of time as is provided.below, after receipt of notice thereof from the CITY, or, when the cure reasonably requires more than thirty (30) Days, the failure of the CUSTOMER to commence to cure within such thirty (30) Days and thereafter diligently and .continuously p~osecute such cure to completion, including, without limitation, any of the following Events of Default: 14.1.1 Failure to pay any Energy Charges or Energy Services Charges , when due, unless the CUSTOMER in good faith disputes all or any portion of such Energy Charges and Energy Services Charges, in which case the CUSTOMER shall pay only the undisputed portion, if any, until such dispute is resolved; 14.1.2 Failure to pay any Utility Tax, when due, or the failure to perform any other obligation requiring the payment of money under the Provisions hereof, and the failure continues for a ii 990107 syn 0071547 period of forty-five (45)~Days, unless the CUSTOMER in good faith disputes all or any portiQn of such Utility Tax, in which case the CUSTOMER shall pay only the undisputed portion, if any, until such dispute is resolved; 14.1.3 Failure to observe, perform or comply with any material Provision hereof required to be observed, performed or complied with by the CUSTOMER; 14.1.4 Assignment or transfer of its interest in this Contract, whether voluntarily or by operation of Law, in violation of the Provisions hereof; 14.1.5 General assignment of its assets for the benefit of its creditors; 14.1.6 Filing by or against the CUSTOMER a petition to have the CUSTOMER adjudicated a bankrupt, or a petition for a reorganization or arrangement under any Law relating to bankruptcy or insolvency, unless the same is dismissed within one hundred eighty (180) Days after the same~is instituted; 14.1.7 A Person other than the CITY obtains an order or decree in any court of competent jurisdiction enjoining or prohibiting the CUSTOMER from performing under this Contract, and such order or decree is not Vacated within one hundred eighty (180). Days after the granting thereof, unless the CUSTOMER upon the written demand of the CITY indemnifies the CITY against loss or damage suffered by the CITY as a result of the CUSTOMER’s nonperformance pursuant to such order or decree; and 14.1.8 Any representation, warranty, or statement made by the CUSTOMER in this Contract that shall prove to have been incorrect in any material respect when made. If there is an Event of CUSTOMER Default, the CITY shall give notice to the CUSTOMER at least thirty (30) Days before any termination shall become effective. 14.2 This Contract may be terminated by the CUSTOMER upon the occurrence of any of the following defaults by the CITY (collectively, Event of CITY Default), including, without limitation: 14.2.1 Failure to observe, perform or comply wit’h any material Provision hereof required to be observed, performed or complied with by the CITY, and the CITY fails to cure the same within thirty (30) Days, Or, when the cure reasonably requires more than thirty (30) Days, the failure of the CITY to commence to cure within such thirty (30) Days and thereafter diligently and continuously prosecute such cure to completion; 990107 syn 0071547 12 ~.benefit14.2 2 General assignment of its assets for the of its creditors, or the filing by or against the CITY a petition .to have the CITY adjudicated a bankrupt, or a petition for a reorganization or arrangement under any Law relating to bankruptcy or insolvency, unless the same is dismissed’ within one hundred eighty (180) Days after the same is instituted, unless the CITY upon the written demand of the CUSTOMER indemnifies the CUSTOMER against loss or damage suffered by the CUSTOMER as a result of the CITY’s non-performance pursuant to such order or decree; and 14.2.3 A Personother than the CUSTOMER obtains an order or decree in any court of competent jurisdiction enjoining or prohibiting the CITY from performing under this Contract,~ and such order or decree is not vacated within one hundred.eighty (180) Days after the granting thereof, unless the CITY upon the written demand of the CUSTOMER indemnifies the CUSTOMER against loss or damage suffered by the CUSTOMER as a result of the CITY’s non-performance pursuant to such order or decree. If there is an Event of CITY Default, the CUSTOMER shall give notice to the CITY at least thirty (30) Days before any ~termination shall become effective. 14.3 In addition to all other rights and remedies provided by Law or otherwise provided in this Contract, to which the Non-Defaulting Party may resort cumulatively, or in the alternative, the Non-Defaulting Party may: 14.3.1 Except as otherwise provided herein, keep this Contract in effect and enforce all of its rights and remedies hereunder, including the right to payment of all Energy Charges and Energy Services Charges and Other Charges as they may become due, or the right to delivery of Energy and Energy Services, by appropriate lega! action; 14.3.2 Seek the specific performance hereof by the Defaulting Party or other rights or remedies at law or in equity; and 14.3.3 Terminate for cause this Contract by giving notice of termination. 14.4 NOTWITHSTANDING ANY OTHER’ PROVISION OF THIS CONTRACT, NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY FOR ANY CONSEQUENTIAL, INDIRECT, LIQUIDATED, INCIDENTAL OR SPECIAL DAMAGES OR LOST REVENUE OR LOST PROFITS TO ANY PERSON ARISING OUT OF THIS CONTRACT OR THE PERFORMANCE OR NONPERFORMANCE OF ANY PROVISION OF THIS CONTRACT, EVEN IF SUCH PARTY HAS BEEN INFORMED OF THE POSSIBILITY OF SUCH DAMAGES. THE CITY’S TOTAL LIABILITY FOR ANY CLAIM OR DEMAND OF THE CUSTOMER ARISING OUT OF THIS CONTRACT SHALL NOT EXCEED THE AMOUNT OF THE ENERGY CHARGES PAID BY THE CUSTOMER 990107 syn 0071547 13 UNDER THIS CONTRACT TO THE CITY PRIOR TO THE DATE OF CLAIMOR DEMAND. 14.5 Neither the CUSTOMER nor the’ ~CITY -shall be in default in the performance of any obligations under this Contract when a failure of performance shall be due to an event of Force Majeure. 14.6 Neither the CUSTOMER nor the CITY shall be relieved of its obligation to perform if such failure is due to causes arising out of its own negligence or due to removable or remediable causes which it failsto remove or remedy within a reasonable time period. 14.7 Either the CUSTOMER or the CITY, if rendered unable to fulfill any of its obligations under this Contract by reason of an event Of Force Majeure, will give prompt written notice of such fact to the other and shall exercise due diligence to remo~e such inability with all reasonable speed. ARTICLE 15.NOTICE,, 15.1 All notices which shall or may be given pursuant to this Contract shal! be in writing and delivered by the United States Postal Service, by means of private~ express delivery systems, or by facsimile transmission, provided a copy of the same is followed by delivery by the United States Postal Service or by private express delivery systems, as follows: CITY:City of Palo Alto 250 Hamilton Avenue P. O. Box 10250 Palo Alto, CA 94303 Attn.: City Clerk Telephone No.: (650) 329-2571 Copy to: CUSTOMER: City of Palo Alto 250 Hamilton Avenue P. O. Box i0250~ Palo Alto, CA 94303 Attn.: Director of Utilities Telephone No.: (650) 329-2277 SYNTEX (U.S.A.) INC. 3401 Hillview Road Palo Alto, CA 94304 Attn.: Jerry Meek Telephone No.: (650) 852-3180 FAX No.: ~ (650) 855-5078 99~107 s)~ 0071547 14 Copy to:SYNTEX (U.S.A.) INC 3401 Hillview Road Palo Alto, CA 94304 Attn.: Legal Affairs Division Telephone No.: (650) 496-6715 FAX No.: (650) 852-1338 Notices hereunder shall addressee. be effective upon delivery to the ARTICLE 16.MISCELLANEOUS PROVISIONS 16.1 This Contract contains the entire understanding between the Parties with respect to the subject matter herein. There are no representations, warranties% agreements or understandings (whether oral or written) between the Parties relating to the subject matter hereof which are not fully expressed herein. This Contract may not be amended except pursuant to a written instrument signed by the Parties. This Contract shall be binding upon and inure to the ~benefit of the successors and permitted assignees of the Parties. The Article headings hereof are inserted for convenience of reference only, are not a part hereof and shall have no effect on the construction or interpretation hereof. This Contract may be executed inany number of counterparts, each of which shall be an original, but all o~ which together shall constitute one and the same instrument. All exhibits, Confirmation Schedules and amendments thereto referred to in this Contract and any addenda, attachments, and schedules which may, from time to time, be referred to ~in any duly~ executed amendment to this Contract are by Such reference incorporated in this Contract and shall be deemed a part hereof. In the event of a conflict between the terms of this Contract and the attachments/exhibits/schedules hereto, the terms of this Contract shall govern. 16.2 This Contract shall be governed by and construed in accordance with the Laws of the State of California without regard to its conflicts of laws rules or principles. In the event that suit is brought by a Party, the Parties agree that trial of such action shall be vested exclusively in the state courts of California, County of Santa Clara, or in the United States District Court, Northern District of California, in the County. of Santa Clara. If any Provision is held by a court of competent jurisdiction in a final judicial action to be void, voidable, or unenforceable, such Provision shall be deemed severable from the remaining Provisions and shall in no way affect the validity of the remaining portions hereof. 16.3 Each Party and its counsel have reviewed this Contract. Accordingly, t~e normal rule of construction to the l 990107 syn 0071547 15 effect that any ambiguities are to be resolved against the drafting party shall not be employed in the construction and interpretationhereof. 16.4 Time is of the essence. For the purposes hereof~ the time in which an act is to be performed shal! be computed by excluding the first Day and including the last. If the time in which an act is to be performed falls on a Saturday, Sunday, or any Day observed as a official holiday by the CITY, the time for performance shall be extended to the following Business Day. IN WITNESS WHEREOF, this Contract is executed by the duly appointed representatives of the Parties on the date first above stated in the City of Palo Alto, County of Santa Clara, California. AgPROVZDAS TO FORM: Senior Asst. City Attorney APPROVED: Director~f Uti~ie~ :ITY OF ger ~SYNTEX (U.S.A.) INC. B Its: [Two signatures to be notarized] (Compliance with Corp. Code ~ 313 is required if the entity on- whose behalf this contract is signed is a corporation. In the alternative, a certified corporate resolution attesting to the signatory authority of the individuals signing in their respective capacities is acceptable) SUbi4ARY OF EXHIBITS A!qD ATTACHMENTS EXHIBIT ~’A" . EXHIBIT "B" EXHIBIT ~’C" EXHIBIT "D" CONFIRMATION SCHEDULE NO. i CONFIRMATION SCHEDULE NO. 1 SPECIALTERMS APPLICABLE RATE SCHEDULES CUSTOMER ACCOUNTS COST.EFFECTIVE CRITERIA FOR ENERGY EFFICIENCY PROJECTS (ENERGY) (ENERGY SERVICES) 16 990107 syn 0071547 CERTIFICATE OF ACKNOWLEDG~4ENT (Civil Code § 1189) STATE OF COUNTY OF ) ) ) On =<~..D~I~.%.o~ b i /~ { , before me,. the undersigned, a notary public in andU fo~ skid County, personally appeared (check one) .~ personally known to me ([ ]or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument, and acknowledged to me that he/she/they executed the same in his/ her/their authorized capacity(is), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Commi~on iI 1079495 Lv Notary Publ:z -- Califomla Santa Clara County ~ Comm, Expires Dec 3.1999 STATE OF COUNTY OF CERTIFICATE OF ACKNOWLEDGMENT (Civil Code § 1189) ) ) ) On notary public in and for , before me, the undersigned, a said County, pe~sonally appeared , (check one) [ ] personally known to me ([ ] or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument, and acknowledged to me that he/she/they executed the same in his/ her/their authorized capacity(is), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. 17i990107 syn 0071547 EXHIBIT ~A" SPECIAL TERMS,, "Administrative Services Director" means the individual designated as the director of administrative services under Section 2.08.150 of Chapter 2.08 of Title 2 of the Palo Alto Municipa! Code, and any Person who is designated the. representative of the director of administrative services. "Affiliate" means (i)any Person or entity that, directly or indirectly, owns, controls or holds with the power to vote fifty percent (50%) or more of the outstanding voting rights of the CUSTOMER, (ii) any Person or entity fifty percent (50%) or more of the outstanding voting securities of which is, directly or indirectly, owned, controlled or held with power to vote by the CUSTOMER, (iii) any Person or entity who is a director or executive officer of a Person or entity which is an affiliate thereof under (i) or (ii), (iv) any Person or entity that, directly or indirectly, through one or more intermediaries, is under common contro! with the CUSTOMER, or (v) any general partner or limited partner of a Person or entity that, directly or indirectly, owns, controls or holds with power to vote eighty percent (80%) or more of the outstanding voting rights, of the CUSTOMER. For the purposes of (iv) above, a Person or entity shall be deemed under common control with the CUSTOMER only if the Person or entity that exercises such common control owns, controls or holds twenty-five (25%) or more of the outstanding voting rights of both the CUSTOMER and any such other Person or entity. "Agency" means any local, county, state or federal governmenta! body or quasi-governmental body, including, without limitation, the CPUC, the FERC and any joint powers agency, but excluding the CITY and any board, commission or council of the CITY. ~Ancillary Services" means the Energy Services offered by the CITY to all Customers,including, without limitation, Balancing Service, Backup Generation Service, Load Monitoring Service, Scheduling Coordination Service, ~ Voltage Support Service and Standby Services, as more fully described in one or more Confirmation Schedules to this Contract. ~Average Daily Quantity" or \~ADQ" means the quantity of Energy purchased by the CUSTOMER from one or more Energy Suppliers on a daily basis in each calendar month, which the CITY is required to deliver to one or more of the Delivery Points, as more fully described in one or more Confirmation Schedules to this Agreement. 1990107 s.%~ 0071550 ~Average Demand" means the average metered demand of th~ CUSTOMER determined over a specified period of time, as described in one or more of the Confirmation Schedules. ~Average Monthly Quantity" or ~AMQ" means the quantity.of Energy purchased by the CUSTOMER from one or more Energy Suppliers on a monthly basis in each calendar year, which the CITY is required to deliver to one or more of the Delivery Points, as more fully described in one or more the Confirmation Schedules to this Contract. ~Backup Generation Services" means the Capacity and Energy services provided to a Customer to replace the loss of its generation sources and to cover that portion of Demand that exceeds the supply of generation. ~Balancing Service" means a type of Energy Services that may be provided by the CITY to accommodate the difference between a Customer’s consumption of the quantity of natural gas that is received at one or more of the Delivery Points and the quantity of natural gas purchased by the CITY onbehalf of the Customer for delivery to one or more of the Customer’s Energy Suppliers, as more fully described, if applicable, in one or more of the Confirmation Schedules. ’~Billing Period" means the period of time between the times and dates on which any of the CUSTOMER’s Meters is read for billing purposes, as more fully, described in one or more of the Confirmation Schedules~ ~British Thermal Unit" or ~Btu" means the unit of measurement of a quantity of heat or therma! energy measured on a "dry" basis (free of water vapor). One (i) Btu equals the amount of heat or thermal energy required to raise the temperature of one pound of pure water from 58.5 degrees Fahrenheit to 59.5 degrees Fahrenheit at a standard atmospheric pressure of- 14.73 pounds square inch absolute. "Business Day" means any Day, except a Saturday, Sunday, or any Day observed as a legal holiday by the CITY. ~Capacity" means (i) in the case of electricity, the total quantity of power that can be transmitted over the applicable portions of the Utility System for a specified period of time, and (ii) in the case of natural gas, the total quantity of natural gas that can flow through the applicable portions of the Utility System for a specified period of time. ’~Capacity Constraint" means a physical condition of the applicable portion of the Utility System which impedes the flow of natural gas to one or more of the Delivery Points. 990107 s>~ 0071550 "Charge" means any assessment, cost, fee or levy for Energy or Energy Services, other than a Tax. "CITY"means the government of the City of PaloAlto, a chartered city and a municipal -corporation ’duly organized and validly existing under the Laws of the State of California, w~th a principal place of business located at 250 Hamilton Avenue, Palo Alto, County of Santa Clara. "City Attorney~’ means the individual designated as the city attorney of the CITY under Section 2.08.120 of Chapter 2.08 of Title 2 of the Palo Alto Municipal Code, and any Person who is designated the representative of the city attorney. "City Clerk" means the individual designated as the city clerk of the CITY under Section 2_.08.110 of Chapter 2.08 of Title 2 of the Palo Alto Municipal Code, and any Person who is designated the representative of the city clerk. ~ ~City Gate" means the portion o5 the Utility System at which a Transmission Provider’s power facilities or a Transportation Provider’s natura! gas facilities is interconnected. "City Manager" means the individual designated asthe city manager of the CITY under Section 2.08.140 of Chapter 2.08 of Title 2 of the Palo Alto Municipal Code, and any Person who is designated the representative of the city manager. "COB" means the California/Oregon Border. ~COB Firm Index Price" means the Dow Jones Telerate California/Oregon Border Firm Electricity Price Index in U.S. dollars per MWh for daily firm electricity traded during Off-Peak or On-Peak hours, as the case may be, as published by Dow Jones. "COB Non-Firm Index Price" means the Dow Jones Telerate California/Oregon Border Firm Electricity Price Index in U.S. dollars perMWh for daily non-firm electricity traded during Off- Peak or On-Peak hours, as the case may be, as published by Dow Jones. "Commencement Date" means the Day on. which this Contract is approved by the CITY. ~Conduit/’ means an underground pipe in which electric wires are located or situated. "Confidential Information" means information concerning the CUSTOMER that is designated as or marked confidential and (I) is protected as a trade secret under the Laws of the state of California or pursuant to a written agreement of confidentiality, (2) pertains to the business of the CUSTOMER that is known and made 990107 syn 0071550 3 available only to the CUSTOMER or its or both, and is considered confidenti~l and privileged information under the Provisions hereof. It does not mean informationthat (i) is or may known in the trade.or business of the CUSTOMERbecomegenerallyor its Affiliates, or both, (2) is received by the CITY in good faith from a Third Party who has the right to disclose such information and who has not receivedsuch information, directly or indirectly, from the CUSTOMER or its Affiliates, or both, (3) is in the possession of the CITY or generally known to the CITY prior to the Commencement Date hereof, or (4) is required to be disclosed to the CITY as a condition precedent .to any action to be taken by the CITY. "Confirmation" means a written notice confirming the details of a specific Transaction for the purchase of Energy or the rendering of Energy Services as set forth in a Confirmation Schedule. ~Confirmation Deadline" means forty-eight (48) after a Party receives a Confirmation. hours ~’Confirmation Schedule" means a written confirmation of a Transaction involving the purchase of Energy or the rendering of Energy Services. "Contract" means this Energy and Energy Services Contract between the City of Palo Alto and Syntex (U.S.A.) Inc. ~\Contract Price" means the sum total of any and all Energy Charges or any and all Energy Services Charges, or both, pursuant to the execution of a Transaction. "Contract Year" means a period of twelve (12) consecutive Months, beginning on the Conuaencement Date, and every twelve (12) consecutive Months thereafter. "CPUC" means the State of California Public Utilities Commission and any successor agency or agencies. "Curtailment" means the act of reducing or intgrrupting the delivery of natural gas to one or more of the Delivery Points. ~Customer" means any Person who receives power or natural gas from an Energy Supplier, including the CITY. "CUSTOMER" means Syntex (U.S.A.) Inc., a corporation duly organized and validly existing under the Laws of the State of Delaware, with a principal place of business located at 340i Hillview Avenue, Palo Alto, California 94304, and its directors, officers, employees, partners, principals, agents and contractors and its successors and permitted assignees. 990107 syn 0071550 4 ! ! "Day" means any.calendar day, unless a Business Day is specified, commencing at 12:00:00 a.m. Pacific Standard Time on a calendar day and ending a~ 12:00:00 a.m. Pacific Standard Time on the following calendar day. "Decatherm" means a unit of measursment of the energy content of natural gas equal to i0 Therms or 1,000,000 Btu. "Defaulting Party" means a Party who commits a material breach and is in default of this Contract. ’,Delivery Period" means that period~ of time beginning on the Day on which Scheduling obligations of the CITY commence and ending on the Day on which Scheduling obligations of the CITY terminate. ~Delivery Point" means the place or location of any of the CUSTOMER’s Meters at which Energy.is delivered by the CITY to the CUSTOMER pursuant to the execution of a Transaction, as more fully described in one or more of the Confirmation Schedules. ~Demand" means the total quantity of natural gas or power, expressed in Therms or Kilowatts, respectively, that the CITY is required to deliver to one or more of the Facilities at a specified period of time, as more fully described in one or more of the Confirmation Schedules. "Demand Charge" means the price charged by the CITY to meet the CUSTOMER’s Demand, as more fully described in one or more of the Confirmation Schedules. "Department of Utilities" means the City of Palo, Department of Utilities, which represents the City of Palo Alto in utilities matters. "Direct Transaction" means the engagement of an Energy Supplier (other than the CITY acting as an Energy Supplier) by the CUSTOMER to supply Energy or render Energy Services. ’~Distribution Charges" means the Charges imposed by the CITY for the transportation of Energy from the City Gate to the Delivery Point(s). "Early Termination Date" means the Day on which the termination of the Term for cause becomes effective. ~Emergency"means the occurrence of an event not arising by an event of Force Majeure which causes physical conditions of property to pose an imminent threat to the health, safety, or welfare of any Person and which requires the immediate attention of a Party. 990 tO7 syn 0071550 5 ~Energy" means the quantity of ele~tricity~ measured Kilowatt-Hours, or the quantity of natural gas, measured in Therms, or both, that is delivered by the CITY to one or more of the DeliveryPoints, as more fully described in one or more of the Confirmation Schedules. ~Energ~y Charge" means the price of an Energy product that is delivered to the CUSTOMER, as more fully described in one or more of the Confirmation Schedules. ~Energy Services’~ means the Energy-related services that are rendered to the CUSTOMER,-as more fully described in one or more of the Confirmation Schedules. ~Ener.gy Supplier" means the Person or entity which is engaged in the business of selling electricity or natural gas, or both, to a Customer ,as described in one or more of the Confirmation Schedules. ~Event of Default" means any "Provision described in Article 14 which entitles the Non-Defaulting Party to exercise the rights set forth in this Contract, or by Law, upon the occurrence of a default by the Defaulting Party. expires. ’~Expiration Date" means the Day on which the Term hereof "Extension Term" shall have the meaning set forth in Section 2.3 hereof. "Facilities" means the real property, building facilities, and other improvements and appurtenances thereon occupied by the CUSTOMER within the jurisdictiona! boundaries of Palo Alto, at which one or more of the. Delivery Points is located, in existence either at the Commencement Date or during the Term hereof and not located within the Public Right-of-Way or the Public Utility Easements, to which Energy is dispatched, as more fully described in one or more of the Confirmation Schedules. ~FERC" means the Federal Energy Regulatory Conunission. "Force ~4ajeure" means the occurrence, of any event having a materia! adverse effect on the design, construction, installation, management, operation, testing, use or enjoyment of the Utility System or ~he Facilities, which event includes, without limitation, an Act of God, an act of a superior governmental authority, an act of a public enemy, a labor dispute or strike or a boycott which could not be reasonably contemplated by the Party affected thereby, loss of transmission or transportation services, a defect in manufactured equipment, fire, floods, earthquakes, or any other similar cause 990107 syn 0071550 6 ~GAAP" means generally accepted accounting principles consistently applied. "Hazardous Materials" means any substance or material which has been determined by any Agency, including the CITY, to be capable of posing risk of injury to health, safety, and property, including petroleum and petroleum products and all of those materials and substances designated as hazardous or toxic by the United States Environmental Protection Agency, the California Water Quality Control Board, the United States Department of Labor, the California Department of Industria! Relations, the California Department of Health Services, the California Health and Welfare Agency in connection with the Safe Water and Toxic Enforcement Act of 1986, the UnitedStates Department of Transportation, the United States Department of Agriculture, the United States Consumer Product Safety Commission, the United States Department of Health and Human Services, the United States Food and Drug Administration or any other Agency now or hereafter authorized to regulate materials and substances in the environment. Without limiting the generality of.the foregoing, theterm "Hazardous Materials" shall include al! of those materials and substances defined as "toxic materials" in Section 66680 through 66685 of Title 22 of the California Code of Regulations, Division 4, Chapter 30, as ~the. same may be amended from time to time. "Improvement" means any addition, alteration, betterment, construction or modification to the Utility System or the Facilities. "Initial Term" shall have the meaning set forth in Section 2.2 hereof. ~Interstate Delivery" means the transmission of electricity over wires or the transportation of natural gas through pipelines subject to regulation by the FEKC. ~Intrastate Delivery" means the transmission of electricity over wires or the transportation of natural gas through pipelines subject to regulation by the CPUC. ~Kilowatt" or ~kW" means a unit of measurement of power equal to 1,000 watts. ~Kilowatt-Hour" or ~kWh" means a unit of measurement of power consumption of 1,000 watts for a period~of one hour. "Law" means any administrative or judicial act, decision, bil!, certificate, charter, code, constitution, opinion, order, ordinance, policy, procedure, rate, regulation, resolution, rule, schedule, specification, statute, tariff, or other requirement of any district, local, municipal, county, joint powers, state, or federal agency, or any other Agency having joint or several jurisdiction over the Parties to this .Contract~ in effect either the Commencement Date or during the Term hereof, including, without limitation, any regulatixDn or order of an official or quasi- governing the applicable service providedofficialentityorbody by the CITY, including the Provisions of this Contract, to which a Customer may be subject or bound. ! ! ~Letter of Credit" means an irrevocable transferable standby letter of credit issued by a major United States commercial bank or a foreign bank with a United States branch office with such bank having a credit rating of at least "A-" from S&P or "A3" from Moody’s and being in a form reasonably acceptable to the Party in whose favor the letter of credit is issued. ’~Load" means the quantity of Energy required by the CUSTOMER over a specific period of time, or the amount of power delivered or required at any specific point on the Utility System. "Load Factor" means the ratio of average Load to Peak Load during a specific period of time expressed as a percentage. "Load Monitoring Services" means services which entail, without limitation, the assessment of the functions, operation and performance of a Customer’s power facilities and a review of the efficiency of electricity consumption over one or more periods of time. "Loop Flow" means the difference between the path or Paths on which the Parties have agreed that power wil! be delivered to the CUSTOMER and the actual path or paths on which such power is delivered. "Loss" means the amount of power expressed as a percentage that is not delivered by the Energy supplier to the CUSTOMER on account of ambient conditions existing at the time of transmission. ~Market-based Energy" means Energy, the price of which is established on the open market at the California.border (in the case of natural gas) or on the NTMEX (in the case of electricity), or other comparable index. ~’Maximum Daily Quantity" or ’~MDQ" means the maximum quantity of natural gas that is purchased by the CUSTOMER and is scheduled for delivery, each Day by the CITY to one or more of the D%livery Points. ~\Minimum Daily Quantity" means the minimum quantity of natura! gas that is purchased by the CUSTOMER and is scheduled for delivery each Day by the CITY to one or more of the Delivery Points. 990107 ~n 0071550 8 "MCF" means a ~unit of measurement of the volume of natural gas equal to 1,00Q cubic feet. ~Megawatt"~ or ~MW" means a unit of measurement of power equa! to 1,000 kW. \,Megawatt-Hour" or ~MWh" means a unit of measurement of power consumption of 1,000 kW for a period of one hour. "Meter" means the equipment or instrument that measures the quantity of electricity or natura! gas, or both, delivered by the CITY toone or more of the Delivery Points. " ~Metering Charge" means the Charge(s) for the purchase, installation, testing, maintenance, repair and removal of metering or other similar data gathering equipment related to the energy use of the Customer. "Mill" means~ a unit of measurement for the pricing of Energy, expressed in terms of one-tenth of one cent. ’~MMBtu" means a unit of measurement of the natural gas equal to 1,000,000 Btu. quantity of ~Month" means a calendar month, commencing at 12:00:00 a.m. Pacific Standard Time on the first Day of the calendar month and ending at 12:00:00 a.m. Pacific Standard Time on the first Day of the following calendar month. ,,Moody’s" means Moody’sInvestor Services, Inc. or its successors and assigns. ,,Multiplier" means a factor which is used to convert a quantity of natural gas measu-red at one or more of the CUSTOMER’s Meters into heat or thermal ,energy for billing purposes, and is used to convert the average number of Therms per i00 CF of natural gas consumed over a specified period of time. "NERC Holidmys" means the holidays defined by the North American Electric Reliability Council, .or New Year’s Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day. ,,Nomination".means the quantity of natural gas ordered by the CUSTOMER for delivery during a specified period of time. ,,Non-Defaulting Party" means any Party who is not a Defaulting Party. "NYMEX" means the New York Mercantile Exchange. 990107 syn 0071550 ~’NYMEX Forward Price" means the daily settlement price for the Month as quoted by the New York Mercantile Exchange for its electri’city futures contract at COB for such Month. nOn-Peak Hours" means the hours of each day that are classified as On-Peak by the North American Electric Reliability Council (NERC): 6:00 a.m. through I0:00 p.m. Monday through Saturday, except for NERC Holidays. ~Off-Peak Hours" means the hours of each day that are classified as Off-Peak by the North American Electric Reliability Council (NERC): Midnight through 6:00 a.m. and I0:00 p.m. through midnight Monday through Saturday and al! day Sundays and NERC Holidays. ~Other Gas" means any combustible gaseous or vaporous mixture which is used to produce heat or therma! energy by burning, including, without limitation, compressed natural gas, liquefied petroleum gas, gas manufactured from coal or oil, gas produced from biomass, or gas produced at or from a landfill, or a combination of any of the above items; provided, however, natural gas is not considered an Other Gas. ~\Parties" means the CITY and the CUSTOMER. ~’Party" means the CITY or the CUSTOMER. ~Peak Demand" means a level of Demand of the CUSTOMER during a specified period of time of a Day, usually commencing at 6:00 a.m. and expiring at i0:00 p.m. on the same Day. ’~Peak Load" means the maximum Load consumed or produced over a specified period of time. "Person" means any individual, for profit corporation, nonprofit corporation, limited liability company, partnership, limited liability partnership, joint venture, business trust, sole proprietorship, or other form of business association. ~PG&E" means the Pacific Gas and Electric Company, a corporation duly organized and validly existing under the Laws of the State of California, its directors, officers, employees, partners, principals, agents and contractors and its successors and permitted assignees. "Poles" mean those poles, to which electric power distribution lines are attached, that are separately owned~by the CITY, or are jointly owned by the CITY with Pac Bel! or PG&E, or both, pursuant to one or more written agreements. 990107 syn 0071550 1 0 ~Power Supply Charge" means the price of an Energy Product that is .delivered ~o the CUSTOMER, as more fully described in ~one or more of the Confirmation Schedules. ~Pro~ision" means any agreement, citcttmstance, clause, condition, covenant, fact, objective, qualification, restriction; recital, reservation, representation, term, warranty, or other stipulation in this Contract or in Law that defines or otherwise controls, establishes, or limits the performance required or permitted by any Party hereto. All Provisions, whether covenants or conditions, shall be deemed to be both covenants and conditions. ’~Public Benefits Charge" means the portion of the total electric rate which is dedicated to funding public benefits programs. Public benefit programs include demand side management, renewable energy, research, development and demonstration (RD&D) and low income programs. "Public Right-of-Way" means the areas owned, occupied or used by the CITY for the purposes of furnishing on a retail basis electricity, natural gas, waterr sewer,- storm drain, refuse or communications commodity and/or distribution service, and the means of public transportation, to the.general public, including, without limitation, the public alleys, avenues, boulevards, courts, curbs, gutters, lanes, places, roads, sidewalks, sidewalk planter areas, streets, and ways, in existence either at the Commencement Date or at any time during the Term hereof. "Public Utility Easements" means the areas occupied or used by the CITY for the purpose of providing Energy to the general public and all Energy Services offered by the Department of Utilities, the rights of which were acquired by easements appurtenant or in gross, or are other interests or estates in real property, or are the highest use permitted to be granted by the nature of the CITY’s interest in and to the affected real property. This term incorporates al! public service easements for utilities that have been recorded by the CITY with the Recorder of the County of Santa Clara, California. ~Receipt Point" means a place or location at which electricity or natural gas is received by the CITY from its Energy Supplier. ’~Reservmtion Charge" means a fee payable at the. outset by a recipient of Energy service based on total entitlement for gas transportation services. "Scheduling"means (i) in reference to the CITY, the act of making power or natural gas available for delivery to or for the account of the CUSTOMER or (ii) in reference to the CUSTOMER, the act of causing the CUSTOMER’s Transmission Provider or Transportation Provider to make available at one of more of the 990107 syn 0071550 i! Delivery Points sufficient transmission capacity or transportation capacity to permit such .Transmission Provider or Transportation Provider to receive the quantities of power or natural gas that the CITY must make available at one or more of the Delivery Points. "Scheduling Coordination Services" means the arrangement of the delivery of Energy to a CUSTOMER by an Energy Supplier who acts through a Third Party. "Shrinkage" means the loss of a small percentage of the volume of natural gas that is transported and delivered to one or more of the Delivery Points. "Sole Discretion" means, whenever a Provision rests in the "Sole Discretion" of an individual representing a Party to this Contract, then that individual must base a decision upon factors as is deemed appropriate by that individual, and that individual shal! not be required to state any reason for the decision. The other Party affected by th~ decision may not compel a contrary or different decision on any such matter, and notwithstanding any other Provision hereof, the individual exercising the "Sole Discretion" shall not be liable to the other Party for any effect of the decision. ’~S&P" means the Standard & Poor’s .Rating Group, division of McGraw-Hill, Inc., or its successors and assigns. a ~Standby Services" means support service that is available, as needed, to supplement a Customer to replace normally scheduled power. ’~Storage Charges" means a Charge for the service in which natural gas in received by the seller of the service and held for the account of the Customer for redelivery at a later time. "Tax" means any assessment, charge, imposition, license, or levy (including any utility users tax) in effect either at the Commencement Date or during the Term hereof and imposed by any Agency, including the CITY as a result of the provision of Energy or Energy Services. "Term" means the Initial Term and the Extension Term, if applicable. "Therm" means a unit of measurement of the heat or therma! energy content of natural gas. One (i) therm equals i00,000 Btu. "Third Party" means any party other than the CITY or the CUSTOMER. 990107 syn 007!550 12 ~Transaction" means any agreement or amendment thereto by the Parties for the purchase of Energyor the rendering of Energy Services, or both, as set forth in one or.more Confirmation Schedules. ~Transition Cost Recovery Charge, means the cost that is assessed or levied by the CITY, in order to recover the expenses and liabilities associated with the uneconomic investment in electric generation facilities of any such Person and that, directly or indirectly, would affect an ongoing Transaction; provided, however, any such cost will be applied in a non- discriminatory manner and made applicable to al! similarly situated parties. ’~Transmission Provider" means any Third Party that provides Transmission Service. "Transmission Service" means the scheduling of the Interstate Delivery or Intrastate Delivery, or both, of power. "Transportation Provider" means any Third Party "that provides Transportation Service. ’,Transportation Service" means the scheduling of the Interstate Delivery or Intrastate Delivery,~ or both, of natural gas. "Utilities Director" means the individual designated as the director of utilities under Section 2.08.200 of Chapter 2.08 of Title. 2 of the Paio Alto Municipal Code, and any Person who is designated the representative of the director of utilities. "Utility Rules and Regulations" means the compendium of utility rules, regulations and rate schedules prepared by the Department of Utilities and adopted by ordinance or resolution of the Council pursuant to Chapter 12.20 of the Palo Alto Municipal Code. ~Utility System" means the CITY’s electric power and natural gas distribution systems, including, without limitation, all substations, distribution towers,, generators, transformers, busses, wires, poles, vaults, conduits, capacitors, resistors, pipes, valves, fittings, and risers that are used to deliver Energy to Customers. ~Voltage Support Services" means the technical assistance rendered to a Customer in monitoring the quality and quantity of a direct electric current passing through an electrica! circuit, including, without limitation, an electrical conductor. ~’Year" means a calendar year, unless a Contract Year is specified, commencing at 12:00:00 a.m. Pacific Standard Time on the 990107 s)m 0071550 13 first Day of the calendar year and ending at 12:00:00 a.m. Pacif Standard Time on the first Day of the fol!owing calendar year. I I I I I I I I. i I. ,I In additional to the foregoing, other Specia’l Terms are defined throughout the Contract and the Confirmation Schedules. 990 I07 ~n 0071550 14 EXHIBIT ~B" APPLICABLE RATE SCHEDULES The term "applicable rate schedules" used in Subsection 2.5.1 Shall mean: (1)For current CUSTOMER accounts, the then applicable utility rate schedule shall apply; 2) (3) If more than one utility, rate schedule applies to a specific CUSTOMER account, the demand and energy charge rate schedules then applicable to CUSTOMER, as a large commercia! electric service customer had CUSTOMER not selected to pay under one of severa! utility rate schedules applicable to large commercial electric service customers (as of the execution of this Contract, the Utility Rate Schedule E-7) shal! apply. If the CUSTOMER adds new CUSTOMER’s Facilities to its account, the CITY will evaluate the. Load of each of the CUSTOMER’s Facilities and will apply the utility rate schedule(s) to each of the CUSTOMER’s Facilities as the CITY deems appropriate. I: 990107 syn 0071550 I EXHIBIT ~D" " COST EFFECTIVENESS CRITERIA FOR ENERGY EFFICIENCY PROJECTS I ! I I I Qualifying Projects Retrofit projects: Installation of new equipment which results in annual electrica! energy savings compared to the existing equipment. Energy savings may result from the installation of new, more efficient equipment, and/or the installation of controls which allow a process to operate more efficiently. New construction: Installation of equipment which results in annual electrica! energy savings compared to the State’s Title-24 energy standards for Non-residential buildings (or standard practice for those applications not covered by Title- 24) I Economic Criteria Each key customer may receive up to 25% of their annual Public Benefit charge contributions in incentives. Projects are eligibl9for funding up to 100% of the project cost projects which have a simple payback no greater than the life of the equipment. For projects with a simple payback greater than the equipment life, the incentive shall be no greater than the savings times [he project life. Eligible project costs include:engineering~ design, equipment, and installation labor. Application Process CUSTOMER submits an application to CPAU. Application is approved in 30 business days for qualifying projects. Once project is complete, the CUSTOMER submits final project invoices. Key Account Representatives will inspect the project prior to final payment to the CUSTOMER by check or as a bill credit. 990107 s~,~ 0071550 CONFIDENTIAL INFORMATION The following attachments to the original contract are not reproduced here as they are confidential: Exhibit C, Customer Accounts Confidential Information, Confirmation Schedule No. 1 For Purchase of Energy Confidential Information, Confirmation Schedule No. 1 For Acquisition of Energy Services AMENDMENT NO. ONE TO ENERGY AND ENERGY SERVICES CONTRACT NO. BETWEEN TH~ CITY OF PALO ALTO AND SYNTEX (USA) , INC. This Amendment No. One to Energy and Energy Services Contract No. ("Contract") is entered into , 1999, by and between the CITY OF PALO ALTO, a California municipal corporation ("CITY"), and SYNTEX (USA), INC., a Delaware corporation, !ocated at 3401 Hillview, Palo Alto, CA ("CUSTOMER"). RE C I TAL S: WHEREAS, the Contract was entered into between parties for the provision of Energy and Energy Services; and ~WHEREAS, the parties wish to amend the Contract; the NOW, THEREFORE, in consideration of the covenants, terms, conditions, and provisions of this Amendment, the parties agree: SECTION i. ~Section 2.4 is hereby amended in its entirety to read, as follows: "2.4 The Parties acknowledge and understand ’that this Contract may be not terminated for convenience, and they each hereby expressly waive the right to terminate for convenience and not for cause this Contract." SECTION 2. Section 2.5 is hereby deleted in its entirety. SECTION 3. Paragraph 2.5.1 is hereby renumbered Section 2.5, and, as renumbered, is amended in its entirety to read, as follows: "2.5 The CUSTOMER acknowledges and understands that, if this Contract is terminated for cause, it will be obligated to pay for electric utility service provided by the CITY in accordance with the CITY’s utility rate schedule then applicable to the customer class not entitled to the benefit of a contracted-for rate, to which the CUSTOMER would be assigned, as described in EXHIBIT "B" SECTION 4. Confirmation Schedule No. 1 For Purchase of Energy (Electricity and/or Natural Gas) is hereby amended to read as set forth in the attachment to this Amendment No. One, which is incorporated in full by this reference: CONFIRMATION SCHEDULE NO. 1 FOR PURCHASE OF ENERGY (Electricity and/or Natural Gas). 991208 syn 0071730 SECTION 5. Except as herein modified, all other provisions of the Contract, including any exhibits and subsequent amendments thereto, shall remain in full force and effect. IN WITNESS WHEREOF, the parties have by their duly authorized representatives executed this. Amendment on the date first above written. ATTEST:CITY OF PALO ALTO City Clerk APPROVED AS TO FORM: Senior Asst. City Attorney APPROVED: Mayor SYNTEX (USA), INC. By: Title: Assistant City Manager Director of Utilities ~By: Title: [NOTARIZATION OF SIGNATURES REQUIRED] Director of Administrative Services Risk Manager Attachments: REVISED EXHIBIT "B" REVISED CONFIRMATION SCHEDULE NO. 1 FOR PURCHASE OF ENERGY 991208 syn 0071730 2 CERTIFICATE OF ACKIqOWLED~NT (Cigi! Code § 1189) STATE OF COUNTY OF ) ) ) On , before me, the undersigned, a notary public in and for said County, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(~) whose name(s) is/a~e subscribed to the within instrument, and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Signature of Notary Public STATE OF COUNTY OF ) ) ) On , before me, the undersigned, a notary public in and for said County, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument, and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Signature of Notary Public 991208 syn 0071730