1998 AGN OCT 06 I08 - Laserfiche WebLink

Browse Search

24. Section 6.4 of the Agreement is here deleted in its entirety. 25. Section 6.5 is renumbered to Section 6.3 and is amended by deleting the words, "Sections 6.1, 6.3 and 6.4" and inserting the words "Section 6. 1 ". 26. Section 8. 1.1 of the Agreement is hereby amended to read in its entirety as follows: 8.1.1 The Benchmark shall be based upon the contracted Resources available to Colton to meet Colton's load, including various call options that Colton may purchase during the term of this Agreement. Sempra shall utilize all such contracted Resources. If the contracted Resources yield energy in excess of Colton's load, Sempra shall sell such excess at PX -SP 15 constraint day ahead market clearing prices less applicable charges assessed by PX/ISO, including transmission losses. If the contracted Resources are not sufficient to meet Colton's load, Sempra shall purchase the additional energy at PX -SP 15 day ahead market clearing prices plus applicable charges assessed by PX/ISO. Attached hereto as Attachment I is a list of the contracted Resources. 27. Section 8.1.2 (including all sub -sections) of the Agreement is hereby amended to read in its entirety as follows: : 8.1.2 For services provided under Section 6. 1, Colton shall pay: (a) a fixed monthly fee of (i) $22,000.00 or (ii) $20,000.00 in any month that Colton authorizes Sempra to vary the dispatch of San Juan Unit Number 3, provided such notice is given prior to the state of the relevant month; (b) if the Purchased Power Costs are lower than the Benchmark or if the bulk sales of the excess energy are greater than the Benchmark, Sempra an Colton shall share those monthly cost savings on a basis reflecting fifty percent (50%) of the saving allocated to Colton and fifty percent (50%) of the savings allocated to Sempra; and (c) one month prior to the start of Colton's fiscal year, Sempra my submit a report documenting the performance of Sempra and the benefits achieved for Colton during the past year and request for additional performance incentives. Colton may accept, deny or modify such request at its discretion. Any recommend performance incentives may be subject to approval of the Colton City Council. Sempra will ensure that Colton will not share any cumulative losses over its fiscal year associated with Sempra's activities as measured against the Benchmark. 28. Section 8.2 of this Agreement is hereby deleted in its entirety. 29. Section 8.3 of this Agreement (including all sub -sections) is hereby deleted in its entirety. 30. Section 8.4 of this Agreement is hereby deleted in its entirety. Od�\�ignkolm 4