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HomeMy WebLinkAbout2003-07-14 City Council (9)TO:HONORABLE CITY COUNCIL FROM:CITY MANAGER DEPARTMENT: UTILITIES DATE:JULY 14, 2003 CMR:293:03 SUBJECT:ADOPTION OF A RESOLUTION OF THE CITY OF PALO ALTO AUTHORIZING THE APPROVAL OF AMENDMENT NO. 3 TO THE AGREEMENT FOR FUNDING OF OPERATION AND MAINTENANCE FOR THE CENTRAL VALLEY PROJECT POWER FACILITIES AND AUTHORIZATION TO THE CITY MANAGER TO EXECUTE AMENDMENT NO.3 TO THE AGREEMENT RECOMMENDATION Staff recommends that the City Council adopt the attached resolution authorizing the City Manager to execute the attached Amendment No. 3 to the Agreement for Funding of Operation and Maintenance for the Central Valley Project Power Facilities (Amendment). BACKGROUND The City receives the majority of its electricity supply from the Western Area Power Administration (Western). About one half the power marketed by Western is generated by the Central Valley Project (CVP) hydroelectric plants operated by the Department of Interior’s Bureau of Reclamation (Reclamation). A variety of money-saving investment and spending opportunities arise in the maintenance, replacement and addition of equipment for the CVP and at Western. However, reductions in federal budgets in past years put significant constraints on Western and Reclamation’s ability to pursue economic opportunities to maintain and improve the efficiency of the CVP. Therefore, the City, along with several dozen other Western customers, entered into the Agreement for the Funding of Operations and Maintenance (O&M) for the CVP Power Facilities (CMR: CMR:293:03 Page 1 of 4 138:97 on February 10, 1997) in order to take advantage of these opportunities (provided as Attachment A to this CMR and referred to as "Agreement" in this CMR). Amendment No. 1 to the Agreement was a minor amendment adopting Western’s standard general power contract provisions as applicable to the Agreement. Amendment No. 2 was another minor amendment binding parties’ successors to the terms of the Agreement and requiring Governance Board (the board formed among participants to the Agreement that approves the O&M plans that are funded through the Agreement) approval of assignment of the Agreement. In February 2003 Council approved increasing Palo Alto’s funding of the Agreement for FY 2003, 2004 and 2005 (CMR 106:03 February 3, 2003). DISCUSSION The Agreement utilizes a monetary threshold of approximately $200,000 for capital. improvement projects (CIP) funded under the Agreement. Due to this low threshold, larger and longer-lived CIP projects are not being funded. Amendment No. 3 would permit the removal of this threshold and allows larger CIP projects to be funded without requiring a separate customer funding agreement. The result is that Western and its customers can afford to make more improvements to the CVP with this Amendment in place, thereby improving the ability to increase the pace of pursuing beneficial projects. Customer money collected from current Western power rates would continue to be credited back to the Agreement participants on their power bills as per the procedures in the original Agreement. The following are some of the long-lived O&M projects that Western and Reclamation will pursue shortly, if Amendment No. 3 is approved: Replacement of aging and obsolete equipment such as Folsom generator unit 1, Trinity generator circuit breakers, Shasta generator governors. o Replacement of the water turbines (runners) at New Melones and Can power plants to increase reliability, efficiency and output. Investment in software and equipment such as California Independent System Operator (CAISO) compliant meters and load scheduling and accounting software needed by Western to market the CVP output in the post 2004 environment. CMR:293:03 Page 2 of 4 Each of the above projects will result in benefits to Palo Alto through more efficient hydro-electric generation facilities and streamlining the transition to the post-2004 Western Marketing Plan. RESOURCE IMPACT Signing this Amendment facilitates Western’s and the Bureau’s pursuit of larger, long- lived equipment acquisition, replacement and improvement that would benefit customers by offsetting the need to purchase replacement energy. Failure to approve this Amendment may delay Western and Reclamation investment in CIP and would likely result in an increase in the cost of power to the City in the long-term. This Amendment can be enacted only after each and every one of the original signatories to the Agreement approves the Amendment. Because the City is one of the 30 signatories to the original Agreement, the City’s execution of the Amendment is vital to enable all the original signatories to garner the benefits of the Amendment. POLICY IMPLICATIONS This recommendation is consistent with the City Council approved Utilities Strategic Plan to preserve a supply cost advantage compared to the market price (Strategy 2). Furthermore, the City’s participation in Western and Reclamation O&M funding allows Reclamation to produce more electricity through efficiency improvements at its facilities for a given water release consistent with the City’s Green Government Pledge. ENVIRONMENTAL RE~qEW Approving this Amendment to the O&M funding agreement does not constitute a project for the purpose of the California Environmental Quality Act. ATTACHMENTS: A.Resolution Of the City Of Pa!o Alto approving Amendment No. 3 to the Agreement for Funding of Operation and Maintenance for the Central Valley Project Power Facilities and Authorizing the City Manager to Execute the Amendment B.Agreement for the Funding of Operation and Maintenance for the Central Valley Project Power Facilities CMR:293:03 Page 3 of 4 C. Amendment No. 3 to the Agreement for the Funding of Operation and Maintenance Facilitiesfor the Central Valley Project Power r(vl/~~B ~T~/~~/~~. ,/ PREPARED BY: TO " St. Resource Originator DEPARTMENT HEAD: CITY MANAGER APPROVAL: ~ ~f Utilities ~ON Assistant City Manager CMR:293:03 Page 4 of 4 RESOLUTION NO. RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO APPROVING AME~MENT NO. 3 TO THE AGREEMENT FOR FUNDING OF OPERATION AND MAINTENANCE FOR THE CENTRAL VALLEY PROJECT POWER FACILITIES AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE AMENDMENT WHEREAS, the City of Palo Alto ("City") has negotiated and executed several contracts with the Western Area Power Administration of the U.S. Department of Energy ("WAPA"), including An Agreement For The Funding Of Operation and Maintenance Fro Central Valley Project Power Facilities ("O&M Funding Contract"); and WHEREAS, the City has provided funds to WAPA and the U.S. Bureau of Reclamation to pay for the operation, maintenance and improvements to the Central Valley Project and the Shasta Dam, among other facilities, and the federal agencies are repaying these funds by crediting Palo Alto’s account for energy received in the amount of the funds contributed in the month fol!owing the contribution; and WHEREAS, the parties by Amendment No. 3 to the O&M Funding Contract ("Amendment No. 3") intend to delete reference to the Capital Improvement Project threshold set forth in Section 6.5 of the O&M Funding Contract and thereby allow a greater volume of projects to be funded by the Operation and Maintenance Funding Program. NOW, THEREFORE, the Council of the City of Palo Alto does hereby RESOLVE as follows: SECTION i. The Council hereby approves Amendment No. 3 to the O&M Funding Contract, and further authorizes the City Manager to execute Amendment No. 3. // // // // // 030708 syn 0072288 SECTION 2. The Council finds that the adoption of this resolution does not constitute a project under the California Environmental Quality Act, and therefore no environmental assessment is required. INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST:APPROVED: City Clerk APPROVED AS TO FORM: Mayor City Manager Senior Asst. City Attorney Director of Administrative Services Director of Utilities 030708 syn 0072288 2 ATTACHMENT B City of Pale Alto City Manager’s Report TO:HONORABLE CITY COUNCIL FROM:CITY MANAGER DEPARTMENT: UTILITIES AGENDA DATE: FEBRUARY 10, 1997 CMR: 138:97 SUBJECT:Agreement for the Funding of Operation and Maintenance for the Central Valley Project Power Facilities REQUEST Staff requests Council approval of the attached Resolution and Agreement which will support the funding of operation and maintenance (O&M) costs for the Central Valley Project (CVP) power facilities. Approval will ensure adequate funding for necessary. O&M and provide CVP customers, including Palo Alto, with an increased chance to influence the O&M plans and budget through participation on the Governance Committee. The Utilities Advisor5, Commission has reviewed and approved the Agreement. RECOMMENDATIONS Staff recommends Council approval of the attached Resolution authorizing the Mayor to execute the Agreement for the Funding of Operation and Maintenance for the Central Valley Project Power Facilities. Staff also recommends that Council authorize the Cib~ Manager to execute amendments and/or to terminate the Agreement as appropriate. POLICY IMPLICATIONS There are no policy implications. C1~fl~.:138:97 Page 1 of 4 EXECUTIVE SUMMARY The output of the CVP generators makes up almost 50 percent of the power sold by the Western Area Power Administration (Western) to the Palo Alto Electric Utility (PAEU). The United States Department of Interior Bureau of Reclamation (Reclamation) continues to face cutbacks in federal appropriations for the O&M of the CVP power facilities. It is expected that Western may face similar cutbac~ in the future. As appropriations for CVP O&M continue to diminish over time, staff believes that a comprehensive approach to the problem is preferable to addressing O&M funding on a case by case basis. Direct customer funding of CVP O&M was adopted as the solution by the majority of the Western customers. Representatives of Western, Reclamation, and a number of Western’s customers, including Palo Alto, have been meeting for the past year to negotiate an appropriate arrangement for funding the CVP O&M activities, resulting in the attached Agreement. The Agreement is similar in concept and effect to the Shasta Rewind Financing Agreement approved by Council on October 15, 1996 (CM]K:424:96). The Agreement is expected to be signed by participants by February 14, 1997. The Agreement will commit the City to ongoing funding (for a rolling 4-year period) to supplement CVP O&M costs and to participation in the establishment of a CVP reserve account. Exhibit A highlights the main elements of the Agreement in some detail. The major provisions of the Agreement include: o o o o Funding to supplement CVP O&M; Customer input to O&M decisions and related expenditures; Establishment of a revolving account for depositing customer contributions; and Establishment of a reserve account to ensure adequate cash flow. The benefits to the PAEU from participation in the Agreement include: Providing urgently needed maintenance of generators and other power facilities of the CVP, thus greatly reducing the probability of failure; Increasing the value of the C\rP resource with the attendant decrease in overall power cost to the customers; Setting a good example for customer enhancement of federal facilities at a time when the Power Marketing Administrations are being considered for sale; CMR: 138:97 Page 2 of 4 Providing oversight and governance of Western’s and Reclamation’s O & M work plans; and Indicating to Western and Reclamation that the participating customers are interested in the well-being of the CVP facilities and desire to work cooperatively to that end. Ongoing contributions will be credited by Western on each customer’s monthly power bill in the month following the contribution. The one time up front contribution to form the reserve account will not be refunded until spent or until participation is terminated. The funding of the reserve account is expected to be established in 1999 and is expected to total approximately $2 million. The PAEU’s minimum qualifying share will be approximately $200,000. However, if federal appropriations for the CVP O&M continue to decline, the total reserve obligation could increase to $8,000,000; and PAEU’s share of contribution to the reserve account could increase to $1,000,000. To facilitate customer funding of the reserve account, Western has committed to returning over-collected funds from 1994 and 1995 to customers rather than prepaying some U.S. Treasu~~ debt. Palo Alto’s share of these funds is $1,032,000. It will be paid in equal portions from January 1997 through September 1997. PAEU plans to utilize $1,000,000 of these funds to establish a reserve that will support funding of the CVP reserve account when it is established. There are two ways in which the participation in this Agreement may be terminated. If PAEU terminates the contractual relationship with Western Area Power Administration, the reserve balance would be returned within 90 days. If PAEU chooses to terminate this Agreement, without ending the relationship with Western, PAEU must meet its outstanding commitments for O&M contributions. Due to the drawn out nature of federal budgeting those commitments could extend for up to four years. Upon meeting those commitments, the unused portion of the reserve account, including interest, would be returned within 90 days of the close of the final year of participation. Any portion of the reserve account that has been used would be returned to PAEU upon completion of the work for which the reserve had been used. The notice of termination of this Agreement must be forwarded to Western by the City Manager. FISCAL IMPACT This Agreement will create a commitment on the part of PAEU. To prudently plan for PAEU’s participation in this Agreement, the budget needs to be adjusted in 1996-97 to reflect the receipt of the returned funds from Western to be paid beginning January ! 997. These funds will be used to create the CVP Reserve. It is anticipated that approximately $803,000 will be received in 1996-97, and $230,000 will be received in i997-98. The CMR:138:97 Page 3 of 4 receipt of the 1996-97 revenue and the creation of the CVP Reserve will be included in the 1996-97 Midyear Report which will be forwarded to Council later this spring. In the 1997- 98 Proposed Budget, the funding that will be received during that year will be included and the CVP Reserve. ENVIRONMENTAL ASSESSMENT Entering into an agreement to separately fund portions of the Central Valley Project power Operation and Maintenance budget does not constitute a project for the purpose of the California Environmental Quality Act. ATTACHMENTS Attachment A. Attachment B. Agreement Highlights. Resolution approving Contract NO. 96-SNR-00110 Authorizing Execution of the Agreement for the Funding of Operation and Maintenance for the Central Valley Project Power Facilities Attachment C.Agreement for the Funding of Operation and Maintenance for the Central Valley Project Power Facilities PREPARED BY: Tom Kabat, Senior Resource Planner, Utilities DEPARTMENT HEAD APPROVAL: EDWAR~ J. DirectO/r of Utilities CITY MANAGER APPROVAL: FLEMING \CW Manager CM1l:138:97 Page 4 of 4 ATTACHMENT B HIGHLIGHTS AGREEMTENT FOR THE FUNDING OF OPERATION AND BiAINTENANCE (O&]VD FOR CENTRAL VALLEY PROJECT (CVP) POWER FACILITIES Benefits/Impacts o Customer input into Reclamation and Western (Agencies) O&M Activities and related expenditures. ¯Program assures funding available to properly maintain the CVP power facilities. ¯Customers approve 0&M Activities that are to be performed through customer funding (Contributions). o Contributions are voluntary. o Contributions are non-rate impacting, unless O&M Activities directed by the Governance Board increase annual cost. Customers will be provided with billing credits for a portion of the net revenues over Collected (net revenues collected that were greater than the maximum revenue adjustment clause (RAC)) during the current rate-setting period. The customers may use this revenue adjustment to initially fund their Contributions. Signatories to Agreement o Signing the Agreement is not a commitment to Contribute. Customers who sign the Agreement are eligible to nominate and elect Customer Governance Board representatives. Customers who sign the Agreement and commit Contributions may be included in the voting when a percentage vote is called. Signatories agree to follow the terms and conditions of the Agreement. Customers who sign the Agreement can elect to commit Contributions to a specific FY. O&M Program Implementation to begin in 1997 for O&M activities to be funded by Customers during fiscal year (FY) 2001. (FY period is October through September). Contributions for O&M Activities during the FY 1998-2000 will be determined by the Governance Board. The Agencies will provide the Governance Board with a list of O&M Activities which may be funded under the Customer O&M Funding Plan. The O&M Funding Plan categorizes and defines the Emits for spending Contributions for Governance Board approved O&M Activities and capitalized improvement projects (cm). The Governance Board will review and. prioritize specific elements in the Agencies O&M Work Plans, which are the Agencies projections of O&M Activities. O&M Work Plans display priorities, costs, benefits and impacts of various altematives for the Agencies’ respective annual O&M programs. Customers need only to commit Contributions on FY basis. Western will be responsible for billing for the Contributions. Western will credit each Customer’s monthly power bill for Contributions sent to the escrow account in the month following the Contribution. Contributions for escrow account reserves will not be refunded until spent. The Governance Board will select a program treasurer to establish an escrow account for deposit of Contributions for the Customer O&M Funding Plan. A~encies will transfer funds from the escrow account into an Agency trust fund, accounts in the United States Treasury, prior to expenditure. The Agreement provides for progam and individual termination. Customers must honor commitment(s) for Contributions unless the O&M program terminates ora customer terminates its power sales contracts. Otherwise, Contributions that were not previously returned through billing credits will be retumed to the customer. Gore..-’=nance Board o There will be 12 Governance Board Members - Reclamation, Western and I0 customer Representatives. Customer Governance Board members will be elected by customers within the following _.groups who sign the agreement: -6 Municipal!Public Utility Districts/Rural Electric Cooperatives - Only contributors eligible for Governance Board membership - 1 largest contributor -1 small customer -2 Federal!State/Other -Do not need to be a contributor -1 small customer - 1 Water and/or Irrigation Districts - Only contributors eligible - 1 First Preference Customers - Only contributors eligible To be classified as a contributor, a customer must commit to contributions equal to or greater that 1/12th of such customer’s share of the total annual O&M cost for the FY four (4) years out from the current FY. (For example: In 1997 a Customer must commit to Contribute for FY2001.) One vote per Governance Board member, except a Governance Board member may call for a percentage vote of contributors on matters relating to the Customer O&M Funding Plan. Actions by the Governance Board require Agencies’ and 2/3 customer member approval. Actions based on percentage vote require 2/3 approval based on contributions. Customer employee or representative, representing 2/3 of the Contributions, must be present to vote. Functions of Governance Board ¯ Governance Board reviews and may modify Customer O&M Funding Plans. .Governance Board will establish general O&M objectives, exclusive of purchase power. o Governance Board will establish a recommended leveI of customer Contribution. ¯Capitalized Improvement Projects (CD) may be recommended for funding, but funding will only be provided by customers on a case-by-case basis under separate agreements. Election of Customer Members on Governance Board o All customers who si~m’t the agreement may vote for representation within their customer group. ¯One vote per customer for Governance Board membership. °Customer employee or customer’s representative at the meeting may vote, or vote may be submitted in writing. 2/3 vote of customers siam-ring the Agreement required to change voting procedures for customer ~oup. °Initial election to be held day of or prior to first Governance Board meeting, subsequent elections to be held in 2000 and every. 3 years thereafter. Customer Obligations o Each customer will determine the magnitude of its Contribution commitment. Contributing customer will agree to allow its Contribution to be expended in accordance with the approved Customer O&M Funding Plan. Each customer will provide, in writing, the name of a designated contact and!or representative for the organization. A representative may vote for a customer in elections and percentage votes. Agencies Obligations Each Agency will provide O&M Work Plans to Governance Board. Each Agency will provide the Governance Board with a prioritized list of capital improvement projects. Each agency will prepare O&M Activities Budgets using approved Customer O&M Funding Plans. RESOL~!ON NO. RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO APPROVING CONTP~ACT NO. 96-SNR-00110 BETWEEN THE UNITED STATES OF AMERICA, DEPARTMENT OF ENERGY, WESTERN AREA POWER ADMINISTRATION, AND DEPARTMENT OF THE INTERIOR, BUREAU OF RECLAMATION, AND SEVERAL LOCAL GOVERNVfENT AGENCIES, INCLUDING THE CITY OF PALO ALTO,FOR THE FUNDING OF OPERATION AND MAINTENANCE FOR THE CENTRAL VALLEY PROJECT POWER GENERATION FACILITIES WHEREAS, the City of Paio Alto ("City") is a customer of the Central Valley Project ("CVP"), an electric power generation facility, operated by the United States of America, Bureau of Reclamation ("Bureau"), and marketed by the Western Area Power Administration ("WAPA"), and receives electric power at favorable wholesale rates; and WHEREAS, the City’s staff has determined that the voluntary advancement of funds not exceeding $i,000,000 to the Bureau and the WAPA for operation and maintenance expenses for the CVP power generation facilities is in the best interests of the City and all other customers of the CVP; and WHEREAS, the City’s advancement will be repaid by the Bureau and the WAPA by credits against future billings for electric power purchased by the City. NOW, THEREFORE, the Council of the City of Palo Alto does RESOLVE as follows: SECTION i. The City Council hereby approves Contract No. 96-SNR-00!I0 with the United States of America, represented by both the Bureau of Reclamation and the Western Area Power Administration, and severa! participating !ocal government agencies, including the City of Palo Alto, which are customers of the Centra! Valley Project for the funding of operation and maintenance work for the Central Valley Project power generation facilities, and hereby authorizes the Mayor to execute the contract on behalf of the City of Palo Alto. SECTION 2. The City Council finds that the approval of Contract No. 96-SNR-00110 does not constitute a project under the 970204 ~’n 0071120 California Environmental Quality Act, and, thus, no environmental assessment is required. INTRODUCED AND PASSED: AYES: NOES: ABSENT: ABSTENTIONS: ATTEST:APPROVED: City Clerk APPROVED AS TO FORM: Senior Asst. City Attorney Mayor City Manager Director of Utilities Deputy City Manager, Administrative Services 970204 .syn 0071120 ATTACHMENT C ~ Contract No. 96-SNR-00110 UNITED STATES DEPARTMENT OF ENERGY WESTERN AREA POWER ADMINISTRATION SIERRA NEVADA CUSTOMER SERVICE REGION CENTRAL VALLEY PRO~CT, CALIFORNIA UNITED STATES DEPARTMENT OF THE INTERIOR BUREAU OF RECLAMATION MID-PACIFIC REGION CENTRAL VALLEY PROJECT CUSTOMERS AGREEMENT FOR THE FUNDLNG OF OPERATION AND MAINTENANCE FOR CENTRAL VALLEY PROJECT POWER FAC]ZITIES o TABLE OF CONTENTS PREAMBLE ...........................................................1 EXPLANATORY RECITALS .............................................2 2.1 Agencies Operation and Maintenance Needs ............................2 2.2 Adequate Funding Source ...........................................2 2.3 Purpose of Agreement ..............................................2 2.4 Agreement Description .............................................2 AGREEMENT ..........................................................3 TERM AND TERMINATION OF AGREEMENT .............................3 4.1 Term ............................................................3 4.2 Termination ......................................................3 DEFINITION OF TERMS ................................................3 AGENCIES’ OBLIGATIONS ..............................................8 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 6.9 Agencies’ O&M Responsibilities .....................................8 Interagency Coordination ............................................8 O&M Standards ...................................................8 Preliminary O&M Work Plans .......................................8 Capital Improvement Project .........................................8 Agencies’ O&M Activities Budget ....................................9 General Reporting Requirements ......................................9 CVP Power Facilities Reviews .......................................9 Accounting .......................................................9 CUSTOMER OBLIGATIONS 7.1 7.2 7.3 7.4 7.5 7.6 Customer’s Contribution Level ......................................10 Governance Board Actions .........................................10 Contributions ....................................................10 Funding Commitment .............................................10 Designated Contact ...............................................10 Designated Representative ..........................................10 O&M PROGRAM ......................................................11 8.1 Interim Process for Customer O&M Funding ...........................11 8.2 Customer O&M Funding Process ....................................11 8.2.1 8.2.2 8.2.3 8.2.4 8.2.5 8.2.6 8.2.7 8.2.8 8.2.9 8.2.10 Preliminary O&M Work Plans ................................12 Priorifization of Preliminary O&M Work Plans ...................12 Establishment of Proposed Customer O&M Funding Plan ...........12 Determining Commitment Level ...............................12 Development of the Approved Customer O&M Funding Plan ........13 Agencies’ O&M Activities Budgets ............................14 Revision of O&M Work Plans and Customer O&M Funding Plans ....14 Implementation of Customer O&M Funding Plan .................15 Congressional Actions .......................................15 Reprogrammed Items ........................................15 i Contract No. 96-SNR-00110 10. 11. 12. 13. 8.3 8.4 8.2.11 Exigency Fund .............................................16 8.2.12 Achieved Savings ...........................................16 8.2.13 Carryover .................................................16 8.2.14 Spending Limitations . .......................................17 8.2.15 Changes to Customer O&M Funding Process .....................17 Financial Management .............................................17 8.3.1 Billing ...................................................17 8.3.2 Contribution Credits on Power Bill .............................17 8.3.3 Escrow Account for Customer O&M Funding Plan ................18 8.3.4 Recording Contributions: .....................................19 8.3.5 Late Deposit Fee ...........................................19 8.3.6 Trust Accounts for Customer O&M Funding Plan .................20 8.3.7 Refunds ..................................................20 CIP Funding .....................................................21 TERMINATION OF INDIVIDUAL CUSTOMER PARTICIPATION IN THE AGREEMENT ....................... ¯ .................................. 22 GOVERNANCE BOARD ................................................22 10.1 Qualifications/Membership on Governance Board .......................22 10.1.1 Composition of Governance Board .............................23 10.1.2 Agencies Membership on Governance Board .....................23 10.1.3 Customer Membership on the Governance Board ..................23 10.1.4 Election of Customer Membership on the Governance Board ........24 10.2 Quorum and Voting of Governance Board .............................25 10.2.1 Quorum ..................................................25 10.2.2 Voting ...................................................26 10.3 Designated Alternate ..............................................26 10.4 Duties of the Governance Board .....................................27 10.4.1 General Powers ............................................27 10.4.2 Bylaws ...................................................27 10.4.3 Committees ...............................................27 10.5 Function of the Governance Board ...................................27 10.5.1 Review of Annual Reports ....................................27 10.5.2 Establishment of O&M Objectives .............................28 10.5.3 Review and Approval Rights ..................................28 10.6 Officers and Secretary .............................................29 10.6.1 Chair and Vice-Chair ........................................29 10.6.2 Duties of the Secretary of the Governance Board ..................29 DISPUTE RESOLUTION ................................................30 ! 1.1 Informal Settlement ...............................................30 11.2 Between Western and Reclamation ...................................30 11.3 Between the Customers or the Customers and Agency(ies) ................30 AUDIT RIGHTS .......................................................31 12.1 Audit Request ....................................................31 12.2 Information Concerning Work Performed ..............................31 SUCCESSORS AND ASSIGNS ...........................................32 ii Contract No. 96-SNR-00110 14. 15. 16. 17. 18. 19. 20. 21. ENFORCEABILITY ....................................................32 SEVERABILITY .......................................................32 GENERAL POWER CONTRACT PROVISIONS .............................33 RELATIONSI-K[P OF THE PARTIES .......................................33 OWNERSHIP RIGHTS ..................................................33 LIABILITY ...........................................................33 ATTACHMENTS AND EXHIBITS MADE PART OF AGREEMENT ............33 EXECUTION IN COUNTERPART ........................................34 RESOLUTIONS GENERAL POWER CONTRACT PROVISIONS (August 15, 1995) EXHIBIT A EXHIBIT B EXHIBIT C ATTACHMENT 1 (Escrow Agreement) iii Conlract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 1. 16 17 18 19 20 21 22 23 24 25 26 27 28 UNITED STATES DEPARTMENT OF ENERGY WESTERN AREA POWER ADMINISTRATION SIERRA NEVADA CUSTOMER SERVICE REGION CENTRAL VALLEY PROJECT, CALIFORNIA UNITED STATES DEPARTMENT OF THE INTERIOR BUREAU OF RECLAMATION MID-PACIFIC REGION CENTRAL VALLEY PROJECT CUSTOMERS AGREEMENT FOR THE FUNDING OF OPERATION AND MAINTENANCE FOR CENTRAL VALLEY PROJECT POWER FACILITIES PREAMBLE: This Agreement is made this ~ day of ,1997, pursuant to the Acts of Congress approved June 17, 1902 (32 Star. 388); March 4, 1921 (41 Stat. 1404); January 12, 1927 (44 Stat.957); August 26, 1937 (50 Stat. 844); August 4, 1939 (53 Star. 1187); and August 4, 1977 (91 Star. 565); and Acts amendatory or supplementary to the foregoing Acts; between the UNITED STATES OF AMERICA (United States), (i) acting by and through the Administrator, Western Area Power Administration, Department of Energy, represented by the Regional Manager, Sierra Nevada Customer Service Region, the oE[icer executing this Agreement, or a duly appointed successor, and (ii) acting by and through the Commissioner, Bureau of Reclamation, Department of the Interior, represented by the Regional Director, Mid-Pacific Region; and the Central Valley Project (CVP) preference power customers signing this Agreement and set forth in Exhibit A, all collectively called Parties. Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 !4 15 16 17 18 19 20 21 22 23 24 25 26 27 28 EXPLANATORY RECITALS: 2.1 Agencies Operation and Maintenance Needs: Federal appropriations to finance Reclamation’s Operation and Maintenance (O&M)Activities have been declining over the past several years. Federal appropriations to finance Western’s O&M Activities may also decrease in the future. 2.2 Adequate Funding Source: To properly maintain the CVP power facilities and avoid deferred maintenance, Western and Reclamation require an adequate and reliable source of funding for the O&M Activities. 2.3 Purpose of Agreement: In order to assure a predictable flow of funds for O&M Activities of the CVP power facilities, the Agencies and the Customers desire to establish an O&M Program that will provide a source of funds for the O&M of CVP power facilities and maximize the benefits from those facilities. This Agreement addresses only the power portion of the CVP facilities. Although CVP power.O&M expenses are suballocated between the Customers and CVP water customers, conlributed funding for the portion suballocated to water customers is not included in this Agreement. 2.4 Agreement Description: This Agreement sets out the procedure for establishing a Governance Board in order to effectively plan and monitor the O&M Program. This Agreement clarifies and sets forth the details of the O&M Program whereby the Customers may contribute funds for Western and Reclamation to perform the O&M Activities required by this Agreement pursuant to 43 U.S.C. §§ 395,397a. The funds received from the Customers shall be available for expenditure for the specific purpose for which contributed in a like manner as if said funds had been specifically appropriated for said purposes. 2 ¢ontra= No. 96-SNR-00110 5 6 7 8 9 10 11 12 13 14 15 16 17 18 !9 2O 21 22 23 24 25 26 27 28 1 3. 2 3 4 4. 5. AGRE]EMENT: In consideration of the mutual benefits to be received through this Agreement, the Parties agree to the terms and conditions set forth herein. TERM AND TERMINATION OF AGREEMENT: 4.1 Term: This Agreement shall become effective upon execution by both Agencies and shall remain in effect until terminated. The Agencies will execute this Agreement upon signature by fifty percent (50%) of the CVP preference power customers and enough Contributors to form the Governance Board. 4.2 Termination: The Governance Board may vote to terminate this Agreement if, in its opinion Contributions are not at a level to provide an effective O&M Program; Provided, That the termination will not be effective until it is determined by the Agencies, through written notice, that all work has been completed under the last Customer O&M Funding Plan approved by the Governance Board; Provided Fm-ther, That after December 31, 2004, the Agencies may agree to terminate this Agreement if at any time there are not at least five (5) Customer members on the Governance Board. A one hundred twenty (120) day written notice to all Customers must be given by the Secretary of the Governance Board prior to termination pursuant to this Section. DEFINITION OF TER~S: As used herein, the following terms shall have the following meanings when used with initial capitalization, whether singular or plural: 5.1 Agency(ies): U.S..U~artment of the Interior, Bureau of Reclamation, Mid-Pacific Region (Reclamation) and/or U.S. Department of Energy, Western Area Power Administration, Sierra Nevada Customer Service Region (Western). Contract No. 96-SNK-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 5.2 Capital Improvement Projects (CIP): Replacements or additions of one or more traits of property that are generally capitalized and amortized in Western’s power repayment study. These replacements or additions are generally: (a) items that will be replaced as a complete unit more than one time within the period of analysis as def’med in the most recent Agencies’ document titled "Replacements Units, Service Lives, Factors"; and (b) items whose costs are significant compared to the Agencies’ annual maintenance expense but are not ordinarily replaced as a part of the normal recurring O&M program. 5.3 Contribution: Monies provided by the Customers to fund a Customer O&M Funding Plan. 5.4 Contributor: A Customer who commits in writing to make contributions equal to or greater than 1/12th of such Customer’s share of the estimated annual O&M cost for the FY that is four (4) years out from the current FY, which shall be determined by the formula: 12 TP EC=Estimated Annual O&M costs for each FY as set forth in the latest rate case power repayment study. PU= Project Use revenue as set forth in the latest rate case power repayment study. Where: Cp=The Customer’s Power Entitlement from the latest Power Entitlement Report as prepared by Western. The sum of all preference power customer’s Power Entitlement from the latest Power Entitlement Report as prepared by Western. 4 Contract No. 96-SNK-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 A Customer who has met this definition may fund at a level less than that committed to in meeting this definition only when the sum of all Customer Contributions in a given FY would exceed that needed for the Customer O&M Funding Plan for that FY. 5.5 Customer: CVP preference power customer(s) who sign this Agreement. 5.6 5.7 5.8 5.9 5.10 Customer O&M Funding Plan: The plan which defines the spending limits for O&M Activities and CIP approved for funding by Contributions for the FY under consideration. Emergency: An unplanned or unanticipated event or circumstance that requires an Agency to take immediate action to preserve, maintain, or re-establish the safety, integrity, or operability of the CVP power facilities that have been affected. Escrow Account: An interest bearing account established by the Program Treasurer at a Federally insured bank for the purpose of holding the Contributions until disbursements are made to Western and Keclamation, or the account is otherwise closed. First Preference Customer: Those preference power customers in either Trinity, Tuolumne, or Calaveras Counties, as the case may be, which have satisfied the statutory requirements according to the Trinity River Division Act (69 Star.719) and the New Melones Act of the Flood Control Act of 1962 (76 Stat. 1180). Fiscal Year (FY): The Federal fiscal year that begins on October 1 of each calendar year and ends on September 30 of the following ca!ench__r year. 5 Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 ll 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 5.11 5.12 5.13 5.14 5.15 5.16 Governance Board: The board formed of Customers’ and Agencies’ representatives that will, among other things, approve the Customer O&M Funding Plan and govern the O&M Program. Industry Standards: Guidelines and criteria established, maintained and published by entities such as the Institute of Electrical and Electronic Engineers, Inc., the National Electrical Manufacturers Association, and the American National Standards Institute. O&M Activities: Those actions and work elements to be performed to continue the safe, economic, reliable, and environmentally acceptable operation of the CVP power facilities including power related programs such as marketing, rates, studies, bilting and energy services. O&M Activities Budgets: Itemized obligation plans developed by the respective Agencies that identify both the level of Federal appropriations and Customer Contributions that will be utilized to fund those actions and work elements performed by the Agencies in support of the operations, maintenance and capital improvement projects of the CVP power facilities, for specific fiscal years. O&M Program: An arrangement between the Agencies and the Customers whereby Customers provide Conlributions and input concerning the O&M Work Plans and CIP of the Agencies. The O&M Program does not include purchased power and CVP power O&M expenses suballocated between the CVP water customers. O&M Work Plan: Projections of O&M Activities prepared annually by each Agency displaying priorities, costs, benefits and impacts of various alternatives for their respective annual O&M. 6 Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 5.17 5.18 5.19 5.20 5.21 5.22 Power Entitlement: The value (in kilowatts (kW) or as defined in a subsequent marketing plan) of a Customer’s contractual fight to purchase long-term power from the CVP on an annual basis. Currently this value is called the Contract Rate of Delivery. Power Entitlement Report: A report prepared by Western that sets forth each preference power customer’s CVP Power Entitlement. This report is currently called the Central Valley Project Contract Rate of Delivery Report. Program Treasurer: The entity selected by the Govemance Board to establish and perform all financial duties related to the Escrow Account. Prudent Utility Practice: Those practices, methods and procedures, as modified from time to time, that are currently and commonly used by electric utilities and other power providers to design, engineer, select, construct, operate, and maintain electric power facilities and equipment dependably, reliably, safely, efficiently, and economically, with due regard to the state of the an in the electric power industry. Reclamation Fund: The fund established in the U.S. Treasury by Congress under the Reclamation Act of June 17, 1902. Senior Manager: The Regional Director for Reclamation, the Regional Manager for Western, or the ranking official of each-elected Customer member on the Governance Board. 7 Contract No. 96-SNK-00110 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 1 2 3 4 6. 5 5.23 Small Customer: A Customer with a long-term finn allocation of 20 megawatts or less from Western and a maximum load of 40 megawatts or less. AGENCIES’ OBLIGATIONS: 6.1 Agencies’ O&M Responsibilities: The Agencies shall remain solely responsible for developing their respective O&M Activities Budgets, including setting the amount of the appropriations request, and for the O&M Activities of their respective CVP facilities. 6.2 Interagency Coordination: The Agencies will coordinate budget and financial transactions in accordance with current budgetary, fiscal, and accounting regulations and policies. 6.3 O&M Standards: The Agencies will perform their O&M Activities using Prudent Utility Practice, Industry Standards, Agency standards, guidelines, and policies; and any applicable laws, regulations, orders, permits, and licenses. The Governance Board may recommend standards for consideration by the Agencies. 6.4 Preliminary_ O&IM Work Plans: Preliminary O&M Work Plans shall be prepared by each Agency, and presented to the Governance Board as set forth in Section 8.2. The preliminary O&M Work Plans shall include, among other things, the minimum level of O&M Activities needed to sustain safety and reliability of the power system, and may include additional O&M Activities which will prevent deterioration, enhance system performance, or improve reliability. 6.5 Capital Improvement Pro_leer: A list ofprioritized CIP in excess of the predetermined threshold will be maintained by each Agency. CIP items below this 8 Contract No. 96-SNK-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 2 22 23 24 25 26 27 28 6.6 6.7 predetermined threshold, as determined by the Governance Board, may be included in the Agency’s respective preliminary O&M Work Plan(s). A__gencies’ O&M Activities Budge.!: The Agencies will prepare their O&M Activities Budgets using the O&M Work Plans and the approved Customer O&M Funding Plan. General Reporting Requirements: The Agencies shall prepare and submit a report to the Governance Board summarizing their respective annual O&M Activities for the preceding FY which provides a general description of the work that was performed. The report will include deviations between planned work and actual work completed, and deviations from forecasted expenditures and costs actually incurred and paid. This report will be prepared and submitted to the Governance Board in accordance with the format and schedtfle requested by the Governance Board. 6.8 CVP Power Facilities Reviews: CVP power facilities may be reviewed on a periodic or as needed basis, as defined by the Agencies or as requested by any Customer member on the Governance Board. The purpose of the CVP facilities reviews will be to assist the Governance Board in evaluating the O&M Program. These reviews will be coordinated, to the extent practicable, through the Governance Board and will be conducted by qualified representatives independent from the work group directly responsible for the O&M Activities. 6.9 Accounting: The Agencies will maintain appropriate accounts and follow generally accepted accounting principles. 9 Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 !4 15 16 17 18 19 20 21 22 23 24 25 26 27 28 CUSTOMER OBLIGATIONS: 7.1 ~ustomer’s Contribution Level: Each Customer shall remain solely responsible for determining the magnitude of its respective Contribution level and will indicate such commitment in Exhibit C by specifying the amount to be contributed for the appropriate FY and signing Exhibit C. 7.2 Governance Board Actions: Customers who contribute will act, in a timely manner, on the approval of or revisions to the Customer O&M Funding Plan in order to facilitate the actions of the Governance Board. 7.3 Contributi0n~: Customers who contribute will allow their Contribution to be expended by the Agencies pursuant to the Customer O&M Funding Plan as approved and revised by the Governance Board. All Contributions will be deposited into an Escrow Account pursuant to Section 8.3. 7.4 Funding Committaelat: Any Customer who contributes will make their Contributions available, as requested by Western pursuant to Section 8.3. 7.5 Designated Co~atact: For purposes of this Agreement, each Customer shall provide the name, title, and address of an employee within the organization who shall be specified as a designated contact of the Customer’s organization. Customers may also provide the name, rifle, and address of any additional individual(s) to receive copies of all distributions. All contact information will be set forth in Exhibit A. 7.6 ~ated Representative: For purposes of this Agreement, each Customer shall provide the name, title, and address of an employee within the organization who shall be specified as a designated representative of the Customer’s organization. The 10 Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 !1 12 13 14 15 16 17 18 19 2O 21 22 23 24 25 26 27 28 Customer’s representative will be authorized to represent the Customer in all matters involving the Agreement including the exercise of the Customer’s fights and the performance oft.he Customer’s duties under the Agreement and may participate in all elections and percentage votes. The Customer’s representative may designate an individual to vote on behalf of the Customer’s representative in all elections and percentage votes. Such designation shall be furnished in writing to the Secretary of the Governance Board prior to any election or vote. O&M PROGBAM: 8.1 Interim Process for Customer O&M Funding: The Governance Board will not be established in time for a complete four-year O&M funding cycle as set forth in Section 8.2 for FY98 through FY2000. It is anticipated that to the extent practicable, the process set forth in Section 8.2 will be followed for FY98 through FY2000. The Agencies will present lists of O&M Activities, instead of O&M Work Plans, to the Governance Board. Based on the information provided by the Agencies, the Governance Board may develop and approve Customer O&M Funding Plans for FY98 through FY2000. The Governance Board for this interim process shall be that Governance Board established with.in 60 days following the effective date of this Agreement. 8.2 Customer O&M Funding Process: The Agencies will continue to pursue appropriations for their respective O&M Activities. The Governance Board will determine the level of funding to be contributed through the development of the Customer O&M Funding Plan. The following process will be utilized in developing the Customer O&M Funding Plan: 11 Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 8.2.1 8.2.2 8.2.3 8.2.4 Preliminary O&M Work ,plans: Each Agency will prepare a prelimina_ry O&M Work Plan describing their respective O&M Activities and CIP. The Agencies will include an estimate of the anticipated level of appropriations. Pri0ritization ofPrelirrlinary O&M Work Plans: The Governance Board or a committee designated by the Governance Board will work with the Agencies in the prioritization of the specific elements within the preliminary O&M Work Plans. Additional elements that could be funded with Contributions may be included in the prioritization of the specific elements. This step culminates in proposed O&M Work Plans for each Agency including the specific elements which could be funded with Contributions. Establishment of Proposed Customer O&M Funding Plan: The Governance Board will review the proposed O&M Work Plans developed pursuant to Section 8.2.2 and will accept or modify the specific elements for funding with Contributions. This step culminates in the proposed Customer O&M Funding Plan. Determining Commitment Leve!: Following the establishment of a proposed Customer O&M Funding Plan, each Customer will individually establish, retain, or increase, as appropriate, its Contribution commitment level. In order to facilitate the Customers timely commitment of Contributions, the following funding guidelines are defined. 8.2.4.1 Fair-Share Funding Level:_ A fair-share funding level is determined as the ratio of the Power Entitlement for the individual Customer as listed in Exhibit B, divided by the total Power Entitlement for all the 12 Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 !4 15 16 17 18 19 20 21 22 23 24 25 26 27 28 8.2.5 Customers listed in Exhibit B, multiplied by the proposed Customer O&M Funding Plan level. The Power Entitlements will be that set forth in the latest Power Entitlement Report. 8.2.4.2 Maximum Contribution: An individual Customer’s Contribution ’ shall not exceed Westem’s ability to credit the Contribution against the annual power payment obligation of the Customer:.- 8.2.4.3 Redistribution of Contribution Commitments: Any redistribution in the level of Contribution commitments required to fund the Customer O&M Funding Plan may be distributed among other concurring Customers. 8.2.4.4 Total Contributions Available: The sum of all individual Contribution commitments shall be the total Contribution commitments available to fund the Customer O&M Funding Plan. 8.2.4.5 Commitment: Prior to the Governance Board approving the Customer O&M Funding Plan, each contributing Customer shall commit in writing, pursuant to Section 7.1, to the amount such Customer is willing to contribute. Development of the Approved C~tomer O&M Funding.P_lan: The Governance Board will revise, as necessary, the proposed Customer O&M Funding Plan and will approve the Customer O&M Funding Plan which will specify the Contributions available for expendip,~a-e by each Agency by September 1st, three (3) years prior to the FY under consideration. 13 . Contract No. 96-SNR-00110 1 2 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 8.2.6 8.2.7 The approved Customer O&M Funding Plan shall include the deposit requirements for each contributing Customer. If the total Contribution commitment level would exceed that needed for the Customer O&M Funding Plan, the individual Customer deposit requirements will be based on the pro rata distribution of the commitments made pursuant to Section 8.2.4.5. ~gencies’ O&M Activities Budgets: The Agencies will use their proposed O&M Work Plans and the approved Customer O&M Funding Plan to develop their respective O&M Activities Budgets. The Agencies’ O&M Activities Budgets shall be submitted through the Federal appropriation process and ultimate release of the President’s Budget. Revision of O&M Work Plans and Customer O&M Funding_P_la~: Upon release of the President’s Budget, the Agencies will compare their submitted O&M Activities Budgets to the funding level identified in the President’s Budget. As necessary, the Agencies will analyze and recommend modifications to their O&M Work Plans to avoid conflict with Congressional appropriation language while maintaining the original intent of the previously developed O&M Work Plans. If the Agencies determine that Contributions are no longer needed to maintain the program elements identified in the O&M Work Plans, the Agencies will recommend a reduction in the Contribution level. The Governance Board will then review the recommendations and make appropriate changes to the Customer O&M Funding Plan subject to Section 8.2.8. The Customer O&M Funding Plan will not be increased without the approval of the Governance Board and each contributing Customer who elects to increase its Contribution commitment by revising its Contribution commitment level in Exhibit C. 14 Contract No. 96-SNK-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 t7 18 19 20 21 22 23 24 25 26 27 28 8.2.8 8.2.9 8.2.10 Implementation of Customer O&M Fundin Pg.P_I.~: To ensure the Agencies’ continued operations, and to allow the Agencies time to incorporate the Governance Board’s decisions into their respective O&M Work Plans, the Governance Board’s final approval of the Customer O&M Funding Plan must occur no later than August 1st, prior to the FY of implementation to facilitate the steps outlined in Section 8.3. If the Governance Board does not approve a final Customer O&M Funding Plan by August 1 st prior to the FY of implementation, the Agencies will operate under the Congressionally approved appropriations level and at the Customer O&M Funding Plan level equal to seventy-five percent (75%) of the Customer O&M Funding Plan approved for that FY pursuant to Section 8.2.5. The Agencies will follow, to the extent practical, the intent of the original Customer O&M Funding Plan in spending at the seventy-five percent (75%) funding level. Subsequent adjustments to the Customer O&M Funding Plan may be made only after the Governance Board’s approval. Con_m’essional Actions: Congressional actions may modify the President’s Budget. Should such action significantly impact the O&M Work Plans, the affected Agency and the Governance Board will review and/or modify the Customer O&M Funding Plan pursuant to Sections 8.2.4 and 8.2.5. l~ed Itera~: Latitude to reprogram items within the Customer O&M Funding Plan may be necessary in the overall management of power facilities, or due to unforeseeable circumstances. The threshold for repr0gramming will be established-by the Governance Board. Reprogramming in excess of the predetermined threshold wil! be, presented by the’ Agency(ies) for Governance Board approval prior to execution. All Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 -18 19 20 21 -22 23 24 25 26 27 28 8.2.11 8.2.12 8.2.13 reprogramming changes made by the Agencies will be documented and reported to the Governance Board within ninety (90) days of occurrence. Exigency Fund: An exigency fund may be established by the Governance Board and may be included in the Customer O&M Funding Plan. The level of this fund will be determined based upon exigency requirements, as presented by the Agencies, and/or in the event of an Emergency or other requests brought to the Governance Board. Within this exigency fund, the threshold for Emergency expenditures will be established by the Governance Board. Latitude to make Emergency expenditures within the O&M Work Plans may be necessary in the overall management of power facilities,-or due to unforeseeable circumstances. Within ninety (90) days, any Emergency expenditures, within the predetermined threshold made by the Agency(ies), will be documented and reported to the Governance Board. Emergency expenditures in excess of the predetermined threshold will be presented by the Agency(ies) to the Governance Board for approval. Expenditures from the exigency fund, for other than Emergencies, will be approved by the Governance Board on a case-by-case basis. ~Td~i~N.e,.g~a~t3~l~: In order to encourage greater efficiencies in O&M Activities, any savings in the use of the Customer O&M Funds may be directed by the Agencies subject to Governance Board approval. Carryover: Unobligated funds in the trust account(s), otherwise known as carryover, will be committed to projects and activities as approved by the Governance Board. 16 Contract No. 96-SN-R-00110 1 2 3 4 5 6 7 8 9 10 11 -12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 8.3 8.2.!4 Spending Limitations: The Agencies will ensure that spending does not exceed the combined funding level of the appropriation~ approved for its O&M Activities by Congress and the Customer O&M Funding Plan approved by the Governance Board. 8.2.15 ~es to Customer O&M F~nding Process: Changes to the Customer O&M Funding Process set forth in this Section 8.2 shall be approved by the Governance Board. Financial Managem~ltlt: 8.3.1 ]~.i]li~: Western will be responsible for all billing of the Contributions under the approved Customer O&M Funding Plan or the default Customer O&M funding level of seventy-five percent (75%). Western will request the contributing Customers to deposit Contributions into an Escrow Account, based on the Customer O&M Funding Plan level determined pursuant to Section 8.2.5 and Section 8.2.8, and guidance provided by the Govemance Board in accordance with the terms of this Agreement. Billing for Contributions which includes Escrow Account reserves for a FY will begin in August immediately prior to commencement of the FY. The Governance Board may change the month for the first billing for the FY. 8.3.2 ~bution Credits on Power Bill: Customers will receive credits on their monthly power bills equal to their previous month’s Contribution to be used to finance Agency O&M Activities; ~ovided, That Customers will not receive credits on their power bills £or Escrow Account reserve deposits until Escrow Account reserve funds are withdrawn from the Escrow Account by 17 Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 .13 14 15 17 18 19 20 21 22 23 24 25 26 27 28 8.3.3 the Agencies. If the entire credit cannot be applied to a monthly power bill, the credit balance will be carried forward and applied to future power bills. E~crow Account for Customer O&M Funding Plan: Under the direction of the Governance Board, an Escrow Account will be established for depositing the Contributions. Fees associated with the Escrow Account will be deducted from the Escrow Account balance. The Governance Board will select a Program Treasurer to manage and admim’ster the Escrow Account. All funds advanced by the Customers into the Escrow Account will only be used by the Agencies for expenses identified in the Customer O&M Funding Plan approved by the Governance Board and for payment of fees associated with the Escrow Account. 8.3.3.1 Escrow Account Reserve: The purpose of the Escrow Account reserve is to ensure adequate cash flow for the Agencies expenditure of Contributions. The initial Escrow Account reserve level shall be established by the Governance Board at their first meeting. An initial Escrow Account reserve of at least 1/12 (estimated to be $2 million) of the total annual O&M Program cost is needed prior to any expenditures by the Agencies. With the approval of the Customer O&M Funding Plan, the Governance Board shall determine the appropriate Escrow Account reserve level. It is anticipated that the Escrow Account reserve needed will be approximately 25% of the greater of the current or the next FY Customer O&M Funding Plan. 18 Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 8.3.4 8.3.5 8.3.3.2 Interest Earned in the Escrow Account: Interest will be earned on the funds in the Escrow Account. The interest will be credited to each Customer listed in Exhibit B in proportion to the individual Customer’s annual deposits of funds into the Escrow Account. 8.3.3.3 End of FY Escrow Account Reconciliation: After the close of the FY, the Program Treasurer shall reconcile the Escrow Account, by Customer, to reflect the actual deposits, Escrow Account fees, credits pursuant to Section 8.3.2, interest earned and late deposit fees. The Program Treasurer will use this Escrow Account balance to prepare a statement of reconciliation for each Customer. The Customer may request a refund of its reconciled balance. If no requests for a refund is received from the Customer within thirty (30) days a_~er receipt of the annual statement of reconciliation, the balance will be carried forward and credited to that Customers Contribution for the next FY. Recording Contributions: Contributions used to finance Agencies O&M expenses during any FY will be recorded in the CV-P power repayment study for that FY. Late Deposit Fee: Contributing Customers who deposit their requested Contribution later than the due date indicated on the bill, will be assessed a late deposit fee on the amount unpaid. Bills not paid in full by the due date shall bear a charge of .05 percent (,05%) of the amount unpaid for each day payment is delinquent. The late deposit fee will not be considered to be a 19 Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 8.3.6 8.3.7 part of any Contribution. The Governance Board may change the level and mechanism for application of the late deposit fee. Trust Accounts for Customer O&M Fundin Pg_P_I~: Funds from the Escrow Account will be transferred into two trust accounts, one for Western and one for Reclamation, within the United States Treasury, where funds will be held prior to commitment, obligation, and expenditure for O&M Activities. Agencies’ requests for transfer of funds, will be accomplished in a manner approved by the Governance Board. No interest will be earned on the funds in the trust accounts. Each Agency will administer its respective trust account. Refunds: Refunds of Escrow Account balances shall be returned to the Customers as follows: 8.3.7.10&M Program Termination: Should the O&M Program terminate, the balance of funds remaining in the Escrow Account, plus interest earned, less credits received pursuant to Section 8.3.2 and less any Escrow Account fees, will be returned to each Customer proportionate to its level of Contributions. 8.3.7.2 Individual Termination from the Agreement: Individual termination of participation in the Agreement can occur in two ways and refunds will be made as follows: 8.3.7.2.1 Termination from Agreement: Should the Customer ¯terminate its participation in the Agreement with the ninety 20 Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 (90) day notice pursuant to Section 9, the Customers share of the balance of funds remaining in the Escrow Account, plus interest earned, less credits received pursuant to Section 8.3.2, and less any Escrow Account fees, will be returned to the Customer after the Customer’s Contribution commitment(s) have been satisfied. 8.3.7.2.2 Termination as a Western Preference Power Customer: Should a Customer terminate its electric service contract (primary contract) with Western pursuant to Section 9, the Customer’s share of the balance of funds remaining in the Escrow Account, plus interest earned, less credits received pursuant to Section 8.3.2, and less any Escrow Account fees, will be returned to the Customer within ninety (90) days of contract termination. 8.3.7.3 Change in level of Contribution: At the change of FY’s, Customers who have reduced their ConWibution commitment level for the next FY may request a refund of their surplus Escrow Account reserve funds, calculated pursuant to Section 8.3.3.3. 8.4 ~,__~: Unless otherwise agreed to by the Governance Board, the Agencies will continue to seek appropriations for funding CIP. When appropriations are used, repayment of CIP will be in accordance with repayment requirements set forth in the Agencies’ policies on repayment of investment. C]~P funding below the threshold established by the Governance Board, will be treated and repaid in the same manner as an annual expeflse. If any Customer(s) desires to fund CIP in excess of the established 21 Contract No. 96-SNR-O0110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2O 21 22 23 24 25 26 27 28 threshold, such voluntary funding will be subject to the individual Customer’s approval and will be performed through a separate agreement with the appropriate Agency. TERMINATION OF I_NDIVIDUAL CUSTOMER PARTICIPATION I~ THE AGREEMENT: An individual Customer may terminate its participation in this Agreement upon a ninety (90) day written notice to the Secretary of the Governance Board. When a Customer terminates its participation in this Agreement, all Conwibution commitments and all other obligations made by that Customer under this Agreement shall remain in effect until satisfied. After satisfying all Contribution commitments and other obligations made by the Customer pursuant to this Agreement, the Program Treasurer shall return the Customer’s share of the remaining Escrow Account balance pursuant to Section 8.3.3.3. Provided, That if such Customer terminates its electric service contract (primary contract) with Western, all of its obligations under this Agreement shall terminate concurrently with the termination of the electric service contract. Provided further, That any late deposits and fees due to the Escrow Account must be fully satisfied prior to termination. 10.GOVERNANCE BOARD:- A Governance Board will be established within sixty (60) days following the effective date of this Agreement. Western will notify the Customers of the date of the first Governance Board meeting by giving a thirty (30) day written notice to all Customers. 10.1 Qualifications/Membership on Governance Board: Western, Reclamation, and any Customer meeting the qualifications set forth in this Section 10.1 is eligible to be a member of the Governance Board. The Agencies will represent their respective interests, and the elected Customer memberg shall represent the interest of their respective Customer group as deft.ned under the following sections. 22 Contract No. 96-SNR-001 I0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2O 21 22 23 24 25 26 27 28 10.1.1 10.1.2 10.1.3 Composition of Governan¢ Board: comprised of twelve (12) members. Govemance Board will be: (a)Customers (b)Reclamation (c)Westem The Govemance Board will be The overall composition of the 10 1 1 ~gencies Membership or~ Governance Board: The Agencies shall appoint and designate in writing their respective member(s) to the Governance Board. Customer Membership on the Govemance Board: To ensure equitable and diverse participation of the Customers, Customer membership on the Governance Board shall be grouped as follows: (a) (b) (c) (d) Municipal/Public Utility Diswicts/Rural Electric Cooperatives (6 Governance Board members) FederaL/State/Other (2 Governance Board members) Water and!or Irrigation Districts (1 Governance Board member) First Preference Customers (1 Governance Board member) At least one (1) Small Customer shall be a member in groups (a) and (b) above, and no Customer will have more than one (1) member on the Governance Board. The Contributor in group (a) with the largest annual Contribution commitment shall be deemed a Governance Board member. The preference power customers and their respective groupings are as set forth in Westem’s Central Valley Project Contract Rate of Delivery Report dated May 31, 1996. Any new grouping of preference power customers, or changes to the classification of existing preference power customers, will be propqsed by Western and approved by the Governance Board. 23 Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 10.1.4 Election of Customer Membership on the Ggvemmace Board: Each Customer group shall select and designate in writing their members to the Governance Board. To be elected a Customer Governance Board member in Customer groups (a), (c), and (d) as defined in Section 10.1.3, a Customer must be a Contributor. A Governance Board member from Customer group (b) in Section 10.1.3 is only required to be a Customer. Any Customer may nominate a qualified candidate for election to the Governance Board. 10.1.4.1 Initial elections, by the Customer groups, for membership to the Governance Board will be held on the day of or prior to the first Governance Board meeting. Subsequent elections for all Customer Governance Board members will be held in February 2000 and every three (3) years thereafter. 10.1.4.2 A Customer Governance Board member may remain on the Governance Board until the member resigns, is replaced in an election, is no longer qualified to be a Customer Governance Board member, or is otherwise removed. 10.1.4.3 An election to fdl any Customer Governance Board member vacancy shall be held prior to or at the next scheduled Governance Board meeting. 10.1.4.4 Each Customer representative may vote once for each of the available Governance Board positions within its Customer group as outlined in Section 10.1.3. The candidates receiving the most votes are awarded the positions available. 24 Contract No. 96-SNR-00110 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 10.2 10.1.4.5 To vote in an election, any Customer employee or designated representative may vote on behalf of the Customer. A Customer may choose to submit a written vote to the Secretary of the Governance Board. Provided, That if a dispute arises regarding who is representing the Customer only the representative designated in writing may vote. 10.1.4.6 Westem will notify all Customers within each Customer group of the date of the Customer group’s first election by giving a thirty (30) day written notice to all Customers. Thereafter, the Secretary of the Governance Board will provide notification of elections. 10.1.4.7 The election procedures specified in Section 10.1.4 for each Customer group may be changed by a two-thirds (2/3) vote of Customers in that Customer group. 10.1.4.8 An elected Customer member of the Governance Board may be removed by its respective Customer group subject to a two-thirds vote of Customers in that Customer group. Ouornm and Voting of Governance Board: 10.2.1 !~l!9.I:!J~: A majority of the Govemance Board members in attendance shall constitute a quorum necessary for the transaction of business at any meeting of the Governance Board. Such quorum must include the Agencies’ members on the Governance Board. 25 Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 !3 14 15 16 17 18 !9 20 21 22 23 24 25 26 27 28 10.3 10.2.2 V_.Qljag: All matters coming before the Governance Board for approval shall require the atYarmative vote of Western, Reclamation, and two-thirds (2/3) of the Customer Governance Board members present; Provided, That an Agency member shall not vote on the other Agency’s O&M Work Plans or the other Agency’s proposed expenditure of Contributions. The Customer Governance Board member approval shall be based on one vote per Customer Governance Board member, except, after having a vote based on one-member one-vote basis, a Customer Governance Board member or both Agencies jointly may call for a percentage vote on Customer O&M Funding Plan issues only, whereby all Customers listed in Exhibit B and whose designated representative is present at the meeting, may participate in the voting and may represent only its own interests; Provided, That an Agency may not represent a customer in percentage votes. The percentage vote of each Customer listed in Exhibit B will be based upon that Customer’s armual commitment percentage level listed in Exhibit B for the FY under consideration. An atYarmative vote representing two thirds (2/3) of the total Contribution commitment, for the FY under consideration, as set forth in Exhibit B is required for passage under the percentage vote and shall override the Customer Governance Board member vote taken on a one-member one- vote basis. If less than two-thirds of the percentage level of the Customers listed in Exhibit B are present, a Governance Board member may call for the vote to be held over until the next Governance Board meeting. ~ated Alternate: A Governance Board member may designate an alternate to attend any Governance Board meeting by a written notice to the Secretary of the Governance B6ard, and such alternate shall have full authority to act and vote in place 26 Contra~t No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 of the absent Governance Board member. An Agency may not serve as an alternate for a Customer Governance Board member. 10.4 Duties of the Goverla;ance B~ard: 10.4.1 General Powers: The Governance Board shall take such actions as it may deem appropriate in exercising all of the powers contemplated and conferred by this Agreement. 10.4.2 ]~.].~: The Governance Board shall develop and adopt bylaws within forty five (45) days after its first meeting for circulation to all Parties. An appropriate comment period will be afforded to all Parties prior to its adoption by the Governance Board. 10.4.3 Committees: The Governance Board may create, direct, and terminate committees as it may deem appropriate. The Governance Board shall set forth the duties and responsibilities of each committee. Each committee shall be subject at all times to the direction and bylaws of the Governance Board. 10.5 Function of the Governance Board: The Governance Board will monitor and provide oversight of the O&M Program and establish general O&M objectives. The Governance Board will have the following powers, duties, and responsibilities in regard to the overall monitoring and oversight of the O&M Program. 10.5.1 Review of Annual Reports: Review of annual reports on the O&M Program is performed to: 27 Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 10.5.2 10.5.3 (1) (2) Determine that Governance Board approved work is completed as planned; and Direct any necessary audits. Establishment of O&M Objectives: The Governance Board shall establish the objectives for activities related to the expenditure of Contributions as they relate to: (1) (2) (3) (4) (5) Annual O&M Activities for the fiscal year under consideration; Capital Improvement Projects; Strategy for scheduling O&M Activities; New or improved goals and/or indices to be accomplished during the FY then under consideration, based upon the previous years’ experiences and results; and Reporting requirements of the Agencies and Governance Board. Review and Approval Pdghts: The Governance Board shall review and approve changes to the Governance Board by-laws and items related to the Customer Contributions, such as: (1) (2) (3) (4) (5) (6) Customer O&M Funding Plan; Exigency Fund level; Expenditure thresholds for Emergency, reprogramming, and CIP; Escrow Account administrative duties; Escrow Account reserve level; and Proposed procedures and schedules for the Contribution collections. 28 Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2o 21 22 23 24 25 26 27 28 10.6 Officers and Secretary_: 10.6.1 Chair and Vice-Chair: The Governance Board Members shall elect a Chair and a Vice-Chair from the Governance Board Members. The Chair and Vice-Chair may be removed from office by the Governance Board whenever, in its judgement, the best interests of the Governance Board will be served thereby. Vacancies shall be filled by the Governance Board at that meeting or the next meeting. 10.6.1.1 Duties of the Chair: The Chair shall: (1) (2) (3) preside over all meetings of the Govemance Board; perform duties established in the bylaws; and perform all duties that may be reasonably required by the Governance Board. 10.6.1.2 Duties of the Vice-Chair: Vice-Chair shall: (1) (2) (3) In the absence of the Chair, the perform the duties of the Chair; perform duties established in the bylaws; and perform all duties that may be reasonably required by the Governance Board. 10.6.2 Duties of the Secretary_ of the Governance Board: Unless otherwise determined by the Governance Board, the secretary of the Governance Board shall be provided by Western. The secretary of the Governance Board shall: (1)record all votes and keep. a complete record ofal! meetings of the Governance Board; 29 Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 11. (2) (3) distribute copies upon request to interested parties, and perform duties that may be reasonably required by the Governance Board. Unless designated to be Westem’s representative, the secretary of the Governance Board shall not be a voting member of the Governance Board. DISPUTE RESOLUTION: 11.1 Informal Settlement: The Parties will use good faith efforts to settle all disputes arising under, or in relation to, this Agreement. 11.2 Between Western and Reclamation: Should any dispute arise between the Agencies concerning the O&M Program, the duties or obligations of the Parties, or the implementation or interpretation of the O&M Program, remain unresolved for a period of twenty (20) days, such dispute shall be forwarded to the Agencies’ Senior Managers for resolution. 11.3 Between the Customers or the Customers and Agency(i¢~): Should any dispute arise among the Customers or between the Customers and the Agency(ies) under or in relation to the O&M Program, the duties or obligation of the Parties, or the implementation or interpretation of the O&M Program, that remains unresolved for a period of thirty (30) days (or such shorter or longer time as agreed by the Parties), such dispute shall be forwarded by written notice to the Chair of the Governance Board for resolution by the Governance Board members. The written notice shall set forth the nature of the dispute and the resolution and relief sought. Should the Governance Board be unable to resolve such dispute by unanimous decision, within a period of thirty (30) days from submission of the dispute to them, such dispute shall be forwarded fo the Senior Managers, who shall meet within thirty (30) days (or such 30 Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 12. 13. . shorter or longer time as agreed by the Senior Managers) to discuss and attempt to reach a resolution of the dispute. Should all attempts at resolution by the Senior Managers prove unsuccessful, with the written consent of all Parties which are parties to such disputes, the dispute will be submitted to mediation which shall be conducted using any procedures agreed to by such Parties. The mediator will not render a decision, but will assist the Parties in reaching a mutually satisfactory agreement. The Parties to the dispute agree to equally split the costs of the mediation ..... AUDIT RIGt~S: 12.1 Audit Request: A Party may request the Program Treasurer to cause an audit to be conducted of the Escrow Account established in accordance with this Agreement. Such audits shall not be conducted more often than every two (2) years. Such audit may examine records which relate to work associated with Contributions including, but not limited to, the financial and contractual records of the Program Treasurer, Western, and Reclamation. The costs, including reasonable costs incurred by the Program Treasurer, Western, and/or Reclamation in the performance of the audit, shall be paid by the Party(ies) requesting the audit. 12.2 Information Concernit~g Work Performed: A Party shall be afforded the opporttmity to obtain information concerning work performed under this Agreement through reasonable requests to the Governance Board. If the amount of information desired becomes excessive, as determined by the Governance Board, the Governance Board shall inform the requesting Party(ies) of same, and shall make arrangements to provide the information requested at the sole expense of the .requesting Party(ies). SUCCESSORS AND ASSIGNS." This Agreement shall inure to the benefit of and be binding upon the PLrt.ies hereto and their respective successors. No Party shall assign its 31 Contract No. 96-SNR-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 14. 15. interest in this Agreement, in whole or in part, without the prior written consent of the other Parties. In no event, shall any Party assign this Agreement to any Party that is not financially responsible or which cannot perform its obligations pursuant to this Agreement, nor shall any Party assign this Agreement on any terms at variance from those set forth in this Agreement. No permitted assignment or transfer shall change the duties of the Parties, or impair the chances of obtaining performance under this Agreement, except to the extent set forth in such permitted assignment and approved in writing by the Parties. ENFORCEABILITY: It is not the intent of the Parties that this Agreement convey any rights to third Parties to enforce the provisions of the Agreement. This Agreement can only be enforced by the Parties or their successors. SEVERABILITY: If any clause, sentence, paragraph, or part of this Agreement should for any reason be finally adjudged by any court of competent jurisdiction to be unconstitutional or invalid, such judgment shall not affect, impair or invalidate the remainder of this Agreement but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which the judgment is rendered. If such judgment modifies or holds invalid any material terms or conditions of this Agreement in such a manner that any Party is required to incur new or different obligations not expressly provided herein or forego benefits which it was otherwise entitled to, the Parties shall in good faith renegotiate the terms and conditions affected by the judgment so as to restore the original balance of benefits and burdens contemplated by the Parties as of the effective date of this Agreement. Such renegotiated terms and conditions shall be in the form of an amendment to this Agreement which shall be effective upon execution by the Parties. The original Agreement shall remain in full force and effect, as modified by said judgment, until the negotiation process for the amendment is complete. 32 Contract No. 96-SNR-00! 10 1 16. 2 3 4 5 6 17. 7 8 9 10 11 12 13 14 18. 15 16 17 18 19. 19 20 21 22 20. 23 24 25 26 27 28 GENERAL POWER CONTRACT PROVISIONS." Articles 1, 28, 29, and 31 through 43 of the General Power Contract Provisions, effective August 15, 1995, attached hereto, are hereby made a part of this Agreement, the same as if they had been expressly set forth herein. RELATIONSHIP OF THE PARTIES: The covenants, obligations, and liabilities of the Parties are intended to be several and not joint or collective, and nothing herein contained shall ever be construed to create an association, joint venture, trust or partnership, or to impose a trust or partnership covenant, obligations and liabilities under this Agreement. No Party shall be under the control of or shall be deemed to control any other Party. No Party shall be the agent of or have a right or power to bind any other Party without its express written consent, except as expressly provided in this Agreement. OWNERSHIP RIG1TI’S: The ownership of, the title to, and the operation and maintenance responsibility for any equipment procured with Contributions under the terms of this Agreement shall be in the name of the UNITED STATES. L~ILITY: This Agreement does not confer any liability upon the Customers for any claim, action or judgment, arising out of or in connection with the work generally described in this Agreement. ATTAINTS AND EXttIBITS MADE PART OF AG1LEI~b~NT: Inasmuch as the signatories, their contacts and representatives, contributing Customers, and individual Customer commitments and Contribution(s) under this Agreement may change during the term hereof, they will be set forth in Exhibits A, B and C respectively. Each of said exhibits shall become a part of this Agreement during the term fixed by its provisions. Exhibits A, B and (2 are attached hereto, and each shall be in force and effect in accordance 33 Contract No. 96-SNK-001 !0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 with its terms until respectively superseded by a subsequent exhibit. Upon signature by the Agencies and the Program Treasurer, the Escrow Agreement will become a part of this Agreement and copies will be distributed by Western to all Parties. 21.EXECUTION IN COUNTERPART: This Agreement may be executed in a number of counterparts and shall constitute a single document with the same force and effect as if each Party had signed all other counterparts. IN WITNESS WIIEREOF, the Parties have caused this Agreement to be executed the day and year first above written. The signatories hereto represent that they have been appropriately authorized to enter into this Agreement on behalf of the Party for whom they sign. Western Area Power AdmJmistration By: ,~ ..~/~.z--~7~ i (~._~.-=-----~ Title: "--Acting Re~onal Manager Address:114 Parkshore Drive Fotsom, CA 95630 Bureau of Reclamation By: ~-~. ~/~~i--v"P T’i~e ~ion’a’l Director /~) Address: Mid-Pacific Region 2800 Cottage Way Sacramento, CA 95825 34 Contract No. 96-SNR-00110 2 3 4 6 7 9 I0 12 13 16 17 19 20 21 22 23 24 26 28 Contract No. 96-SNR-00110 EN WITNESS WttZREOF, the Parties have caused t.bis Agreement to be executed the day and year first above written. The signatories hereto represent that they have been appropriately authorized to enter into this A~eement on behalf of the Party for whom they sign. (Seal)City Palo .Alto By: Address: 35 Contract No. 96-SN’R-00110 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Amendment No. 1 Contract No. 96-SNR-00110 CONTRACT AMENDMENT TO THE AGREEMENT FOR THE FUNDING OF OPERATION AND MAINTENANCE FOR CENTRAL VALLEY PROJECT POWER FACILITIES 1.This Contract Amendment No. 1, to be effective under and as a part of Contract No. 96-SNR-00110 (Primary Contract or Agreement), shall become effective on November 12, 1997 and shall remain in effect concurrently with the term of the Agreement. 2. MODIFICATION TO SECTION 16 OF THE PRIMARY CONTRACT: Section ! 6 of the Primary Contract is hereby deleted, and the following substituted therefor: "16. GENERAL POWER CONTRACT PROVISIONS: Articles 1, 28, 29, and 31 through 37.1 and 38 through 43 of the General Power Contract Provisions, effective August 15, 1995, attached hereto, are hereby made a part oft.his Agreement, the same as if they had been expressly set forth herein." 3. PRIMARY CONTRACT TO REMAIN IN EFFECT: Except as expressly modified by the Amendment, said Primary Contract shall remain in full force and effect; and this Amendment shall be subject to all provisions of the Primary Contract except as herein amended. 4. EXECUTION IN COUNTERPART: This Amendment may be executed in a number of counterparts and shall constitute a single document with the same force and effect as if each Party had signed all other counterparts. IN WITNESS WItEREOF, the Parties have caused this Amendment to be executed the day and year first above written. The signatories hereto represent that they have been appropriately authorized to enter into this amendment on behalf of the Party for whom they sign. Western By: Title: Address: 114 Park~hore Drive Folsom. CA 95630 Bureau of R~lamation. A / Title:~, _-_-~onal Director d Address: Mid-Pacific Region 2800 Cottage Wa, y Sacramento. CA 95825 AIRHEiTI’ICATED COPY Contract No. 96-SNR-00110 Amendment No. 2 UNITED STATES DEPARTMENT OF ENERGY WESTERN AREA POWER ADMLNISTRATION SIERRA N~VADA CUSTOMER SERVICE REGION CENTRAL VALLEY PROJECT, CALWORNIA AND UNITED STATES DEPARTMENT OF THE INTERIOR BUREAU OF RECLAMATION MED-PACE=IC REGION AN~D CENTRAL VALLEY PROJECT CUSTOMERS AMENDMENT NO. 2 TO THE AGREEMENT FOR THE FUNDING OF POWER OPERATION AN~I2) MAINTENANCE FOR CENTRAL VALLEY PROJECT POWER FACILITIES AUTHENTICATED COPY AUTHENTICATED COPY Contract No. 96-SNR-00 t 10 Amendment No. 2 UNITED STATES DEPARTMENT OF ENERGY WESTERN AREA POWER ADMINISTRATION SIERRA NEVADA CUSTOMER SERVICE REGION CENTRAL VALLEY PROJECT, CALIFORNIA AND UNITED STATES DEPARTMENT OE THE INTERIOR BUREAU OE RECLAMATION MID-PACIFIC REGION AND CENTRAL VALLEY PROJECT CUSTOMERS AMENDMENT NO. 2 TO THE AGREEM~ENT FOR THE FUNDING OF POWER OPERATION AND MAENTENANCE FOR CENTRAL V ALLEY PROJECT POWER FACILIT1~ES Section !. 3. 4. 5. 6. Table of Contents Pa~__..~e PREAMBLE .....................................................................................................................1 RECITALS .......................................................................................................................1 AGREEMENT "~ TERM OF AMENDMENT ....."~ MODIFICATION TO SECTION 13 OF THE PRIMARY AGREEMENT .....................2 PRIMARY AGREEMENT TO REMAIN IN EFFECT ...................................................2 AUTRERTICATED COPY 1 2 3 4 5 6 7 8 9 10 I1 12 13 14 15 16 17 18 19 20 21 22 23 24 AUIHENTICATED COPY UNITED STATES DEPARTMENT OF ENERGY WESTERN AREA POWER ADMLNISTRATION S~RRA NEVADA CUSTOMER SERVICE REGION CENTRAL VALLEY PROJECT, CALWORNIA AND UNITED STATES DEPARTMENT OF TI-t~ INTERIOR BUR£AU OF RECLAMATION MD-PACIFIC REGION CENTRAL VALLEY PROJECT CUSTOMERS AMENDMENT NO. 2 TO TI-~ ~,_GREEMENT FOR TI-~ FUNDING OF POWER OPERATION AND 1VLiINTENANCE FOR CENTRAL VALLEY PROJECT POWER FACIT~IT£ES PREAMBLE: This Amendment to Contract No. 96-SNrR-00110 (Primary A~eement) is made the 6tu day of April ., 2001, between the UNITED STATES OF AM2ERICA (United States), acting by and through the Administrator, Western Area Power Administration (Western), Department of Energy, represented by the Regional Manager, Sierra Nevada Customer Service Region (SNR), the officer executing this Agreement, or a duly appointed successor, and (ii) acting by and through the Commissioner, Bureau of Reclamation (Reclamation), Department of the Interior, represented by the Regional Director, Mid-Pacific Region; and the Central Valley Project (CVP) preference power customers set forth in Exhibit A of the Primary Agreement. o RECITALS: 2.1 Western, Reclamation, and the CVP preference power customers entered into the Primary Agreement on November 12, 1997. Contract No. 96-SNR-00110 I .~qendment 2 t 3 4 3. "7 9 lO 12 ~3 14 19 2O 21 23 24 The Parties have deter’mined that Section 13 of the Primary Agreement is administratively burdensome and desires to modify it. AGREEMENT:The Parties agree to the terms and conditions set forth herein. TERM OF AMENDMENT: This Amendment shall become effective upon execution and shall-remain in effect concuwently with the Primary Agreement. DEFINITION OF TERMS: Section 13 of the Primary Agreement is hereby deleted, and the following substituted therefor: "13. SUCCESSORS AND ASSIGNS: This Agreement shall inure to the benefit of and be binding upon the Parties hereto and their respective successors. No Party shall assign its interest in this Agreement, in whole or in pact, without the prior written consent of the Governance Board. In no event, shall any Party assign this Agreement to any Party that is not financially responsible or which cannot perform its obligations pursuant to this Agreement, nor shall any Party assign this Agreement on any ten-ns at variance from those set forth in this Agreement. No pen-nitted assignment or transfer shall change the duties of the Parties, or impair the chances of obtaining performance under this Agreement, except to the extent set forth in such permitted assignment and approved in writing by the Governance Board." 6.PRIMARY AGREEMENT TO REMAIN IN EFFECT: Except as expressly modified by this Amendmen< said Primary Agreement shall remain in full force and effect; and AUTHEI~TICATED COPY 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 AUTHEnTICaTED ~OP’~ this Amendment shall be subject to all provisions of the Primary Agreement, except as herein amended. IN WITNESS WItEREOF, the Parties have caused this Amendment to be executed the day and year first above written. The signatories hereto represent that they have been appropriately authorized to enter into this Amendment on behalf of the Party for whom they sig-n. WESTERN AREA POWER ADM]2N-ISTRATION By: ~ Title: Address: Regional Mana_~er 114 Parkshore Drive Folsom. CA 95630-4710 BUREAU OF RECLAMATION Title: 4~~" Regional Director Address:Mid-Pacific ReNon 2800 Cotta~.e Way Sacramento. CA 95825 Contract No. 96-SNR-00110 ~ ~~[~’~’~D ~ Amendment 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2O 21 22 23 24 IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed the day and year first above written. The sig-natories hereto represent that they have been appropriately authorized to enter into this Amendment on behalf of the Party for whom they sign. Attest: CITY OF PALO ALTO Pa!o Alto, CA 94301 Contract No. 96.SNR-001 !0 Amendment 2 AUTHE~ICATED COPY ATTACHMENT C Contract No. 96-SNR-00110 Amendment No. 3 UNITED STATES DEPARTMENT OF ENERGY WESTERN AREA POWER ADMINISTRATION SIERRA NEVADA CUSTOMER SERVICE REGION, CENTRAL VALLEY PROJECT, CALIFORNIA AND UNITED STATES DEPARTMENT OF THE INTERIOR BUREAU OF RECLAMATION MID-PACIFIC REGION AND CENTRAL VALLEY PROJECT CUSTOMERS AMENDMENT NO. 3 TO THE AGREEMENT FOR THE FUNDING OF POWER OPERATION AND MAINTENANCE FOR CENTRAL VALLEY PROJECT POWER FACILITIES Contract No. 96-SNR-00110 Amendment No. 3 UNITED STATES DEPARTMENT OF ENERGY WESTERN AREA POWER ADMINISTRATION SIERRA NEVADA CUSTOMER SERVICE REGION CENTRAL VALLEY PROJECT, CALIFORNIA AND UNITED STATES DEPARTMENT OF THE INTERIOR BUREAU OF RECLAMATION MID-PACIFIC REGION AND CENTRAL VALLEY PROJECT CUSTOMERS AMENDMENT NO. 3 TO THE AGREEMENT FOR THE FUNDING OF POWER OPERATIONS AND MAINTENANCE FOR CENTRAL VALLEY PROJECT POWER FACILITIES SECTION TABLE OF CONTENTS PAGE 2. 3. 4. 5. PREAMBLE ..........................................................................................................! EXPLANATORY RECITALS .................................................................................2 AGREEMENT .......................................................................................................2 TERM OF AMENDMENT ......................................................................................2 MODIFICATIONS TO THE PRIMARY AGREEMENT ..........................................2 5.1 Modification to Section 5.13 ...........................................................................2 5.2 Modification to Section 6.5 .............................................................................3 5.3 Modification to Section 8.3.4 ..........................................................................3 5.4 Modification to Section 8.4 .............................................................................3 5.5 Modification to Section 10.5.3 (3) ...................................................................4 PRIMARY AGREEMENT TO REMAIN IN EFFECT ..............................................4 MODIFICATIONS TO THE PRIMARY CONTRACT .............................................4 SIGNATURE PAGE(S) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Contract No. 96-SNR-00110 Amendment No. 3 UNITED STATES DEPARTMENT OF ENERGY WESTERN AREA POWER ADMINISTRATION SIERRA NEVADA CUSTOMER SERVICE REGION, CENTRAL VALLEY PROJECT, CALIFORNIA AND UNITED STATES DEPARTMENT OF THE INTERIOR BUREAU OF RECLAMATION MID-PACIFIC REGION AND CENTRAL VALLEY PROJECT CUSTOMERS AMENDMENT NO. 3 TO THE AGREEMENT FOR THE FUNDING OF POWER OPERATION AND MAINTENANCE FOR CENTRAL VALLEY PROJECT POWER FACILITIES 1.PREAMBLE: This Amendment to Contract No. 96-SNR-00110(Primary Agreement) is made this 16th day of April ,2003, between the UNITED STATES OF AMERICA (United States), (1) acting by and through the Administrator, Western Area Power Administration, Department of Energy (Western), represented by the Regional Manager, Sierra Nevada Customer Service Region, the officer executing this Agreement, or a duly appointed successor, and (2) acting by and through the Commissioner, Bureau of Reclamation, Department of the Interior (Reclamation), represented by the Regional Director, Mid-Pacific Region; and the 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2O 21 22 23 24 25 26 27 28 Contract No. 96-SNR-00110 Amendment No. 3 Central Valley Project (CVP) preference power customers signing this Amendment as set forth in Exhibit A of the Primary Agreement, all collectively called Parties. EXPLANATORY RECITALS: 2.1 Western, Reclamation, and the CVP preference power customers entered into the Primary Agreement on November 12, 1997. 2.2 The Parties have determined that several sections of the Primary Agreement need to be modified to eliminate the Capital Improvement Project (CIP) threshold. This will enable the Agencies to accept Customer contributions under the Primary Agreement for CIP in addition to funding annual Operation and Maintenance (O&M) expenses. 2.3 Elimination of the CIP threshold will increase the ability of the customers to fund a CIP with repayment in excess of one year. 3. AGREEMENT: In consideration of the mutual benefits to be received through this Agreement, the Parties agree to the terms and conditions set forth herein. 4. TERM OF AMENDMENT: This Amendment shall become effective upon execution by all Parties and shall remain in effect concurrently with the Primary Agreement. 5. MODIFICATIONS TO THE PRIMARY AGREEMENT: The following modifications have been made to the Primary Agreement: 5.1 Modification to Section 5.13: A new sentence has been added to Section 5.13 after the word "services". Section 5.!3 now reads as follows: III 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2O 21 22 23 24 25 26 27 28 I// 5.2 5.3 5.4 Contract No. 96-SNR-00110 Amendment No. 3 "5.13 O&M Activities: Those actions and work elements to be performed to continue the safe, economic, reliable, and environmentally acceptable operation of the CVP power facilities including power related programs such as marketing, rates, studies, billing and energy services. These activities include annual O&M (which are recorded as annual expenses) and CIP (which are recorded as capitalized assets)." Modification to Section 6.5: Section 6.5 is deleted in its entirety and the following language substituted: "6.5 Capital Improvement Project: A list of prioritized CIP will be maintained by each Agency and shall be included in the Agency’s respective preliminary O&M Work Plan(s)." Modification to Section 8.3.4: Section 8.3.4 is deleted in its entirety and the following language substituted: "8.3.4 Recording Contributions: Contributions used during any fiscal year will be recorded in the CVP power repayment study. Contributions used to finance Agencies annual O&M activities will be recorded in the CVP power repayment study as annual expenses. Contributions used to finance Agencies CIP will be recorded in the CVP power repayment study as capitalized assets, which are recovered over the life of the asset." Modification to Section 8.4: Section 8.4 is deleted in its entirety and the following language substituted: "8.4 ClPFUNDING: Unless otherwise agreed to by the Governance Board, the Agencies will continue to seek appropriations for funding CIP. When appropriations or Customer contributions are used, repayment of CIP will be 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2O 21 22 23 24 25 26 27 28 Contract No. 96-SNR-00110 Amendment No. 3 in accordance with repayment .requirements set forth in the Agencies’ policies on repayment of investment." 5.5 Modification to Section 10.5.3 (3): Section 10.5.3 (3) is deleted in its entirety and the following language substituted: "10.5.3 (3) Expenditure thresholds for Emergency, and reprogramming;" 6.PRIMARY AGREEMENT TO REMAIN IN EFFECT: Except as expressly modified by this amendment, said Primary Agreement shall remain in full force and effect; and this Amendment shall be subject to all provisions of the Primary Agreement, excerpt as herein amended. 7.EXECUTION IN COUNTERPART: This Agreement may be executed in a number of counterparts and shall constitute a single document with the same force and effect as if each Party had signed all other counterparts. /// III II/ 11/ III II/ II/ II/ /I/ /// III /I/ 1// 4 1 2 3 4 5 6 7 8 10 11 12 13 !4 15 16 !7 18 19 2O 21 23 24 z5 26 /! 28 Contract No. 96-SNR-00110 Amendment No. 3 II/W/ITNESS WHEREOF. the Parties have caused this Amendment to the Primary Agreement to be executed the day and year first above written. The signatories hereto represent that they have been -appropriately authorized to enter into this Agreement on behalf of the Party for whom they sign. /// /!I t// /// t// !/I //I //I I// 1// W ES T~j~~ Nt.STRATtON Title~ R~eqi~4x~a n aqe r /~ddAddress:1,4 Parkshore ~ Fotsom ~A~3~95630-4710 BU REAU AMA~~ ~itle:~O~eoio~l Director Address: Mid-Pacific Reqion 2800 Cottaqe Way Sacramento CA 95825 5 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 2O 21 22 23 24 25 26 27 28 Contract No. 96-SNR-00110 Amendment No. 3 IN WITNESS WHEREOF, the Parties have caused this Amendment to the Primary Agreement to be executed the day and year first above written. The signatories hereto represent that they have been appropriately authorized to enter into this Agreement on behalf of the Party for whom they sign. CITY OF PALO ALTO Attest: By: Title: /I/ III III 111 II! //I II/ III III II! III III III III III By: Title: Add ress: 6