(13)AR 050608 Power Sales Agreement

Browse Search

TABLE OF CONTENTS MWD Hydroelectric Project Power Sales Agreement Page 1. PARTIES.....................................................................................................................................................1 2. RECITALS, CONSTRUCTION AND PRELIMINARY MATTERS........................................................1 3. AGREEMENT.............................................................................................................................................4 4. DEFINITIONS............................................................................................................................................4 4.1 Act..................................................................................................................................................5 4.2 Agreement.......................................................................................................................................5 4.3 Contract Costs.................................................................................................................................5 4.4 Effective Date................................................................................................................................. 7 4.5 Joint Powers Agreement................................................................................................................. 7 4.6 Monthly Costs................................................................................................................................. 7 4.7 Total Monthly Costs....................................................................................................................... 7 5. PURCHASE AND SALE OF FACILITY OUTPUT, AND THE ROLES AND OBLIGATIONS OF SCPPA AND THE PROJECT PARTICIPANTS.................................................................................. 8 5.1 Purchase and Sale of Output Entitlement Share............................................................................. 8 5.2 Facility Output and Deliverables.................................................................................................... 8 5.3 Project Manager..............................................................................................................................9 5.4 Adoption of Annual Budget............................................................................................................ 9 5.5 Other or Additional Billing Methodologies or Cost Reconciliation Mechanisms ........................10 5.6 Reports..........................................................................................................................................10 5.7 Records and Accounts..................................................................................................................10 5.8 Provide Information......................................................................................................................10 5.9 Consultants and Advisors Available.............................................................................................10 5.10 Application of Insurance Proceeds...............................................................................................10 6. COORDINATING COMMITTEE ............................................................................................................11 6.1 Establishment and Authorization of Coordinating Committee..................................................... 11 6.2 Coordinating Committee Responsibilities....................................................................................11 6.3 Management Decisions and the Role of the Board of Directors..................................................14 6.4 Periodic Audits.............................................................................................................................15 6.5 Additional Committees.................................................................................................................16 6.6 Written Record..............................................................................................................................16 6.7 Change in Representative.............................................................................................................16 6.8 Costs of Consultants.....................................................................................................................16 6.9 Representative's Expenses............................................................................................................16 6.10 Inaction by Committee.................................................................................................................16 6.11 Compliance With the Power Purchase Agreement.......................................................................17 7. CHARGES AND BILLINGS....................................................................................................................17 7.1 Monthly Costs...............................................................................................................................17 7.2 Billing Statement..........................................................................................................................17 7.3 Adoption of Alternative Billing Statement Procedures................................................................17 7.4 Disputed Monthly Billing Statement............................................................................................18 7.5 Reconciliation of Monthly Costs..................................................................................................18 7.6 Other or Additional Cost Reconciliation Mechanisms.................................................................18 7.7 Interest on Late Payments.............................................................................................................19 7.8 Prepayment of Monthly Costs......................................................................................................19 7.9 Costs or Expenses Incurred for Sole Benefit of Purchaser...........................................................19 8. PAYMENT OBLIGATIONS; FIXING AND APPROVAL OF RATES; AND AUTHORIZATIONS................................................................................................................................19 8.1 Unconditional Payment Obligation..............................................................................................19 8.2 Source of Payments...................................................................................................................... 20 MWD Hydroelectric Project Power Sales Agreement