2000 AGN APR 18 I17 - Laserfiche WebLink

Browse Search

(i) preschedule reports; (ii) actual load and dispatch reports; (iii) settlement data for ISO/PX and other third party market transactions; (iv) summaries of peak demand and energy utilization, resource operation, market purchases and sales and transmission utilization; and (v) reports necessary to assist with settlements under the SCE Restructuring Agreement. (i) Coral Power shall assist the City in preparing quarterly reports required by FERC, CEC, and the California State Franchise Board. 2. Optimization Services. The City hereby engages Coral Power to provide the following services (collectively, the "O_ptimization Services") subject to the terms and conditions set forth herein. (a) From and after the execution of this Agreement, Coral Power shall perform a market and risk assessment of the City's electrical load requirements and the options available to the City for reducing the cost of electricity required by the City. Coral Power shall provide an initial strategy development report (the "Report') to the City on or before May 15, 2000, setting forth initial strategies Coral Power believes could reduce the City's cost of its electricity load requirements. Such strategies may include some or all of the following actions: (i) terminating, extending or modifying some or all of the contracts with the Facilities to enhance the City's revenues or to reduce its costs; (ii) entering into new generation or transmission contracts with entities other than the Facilities to meet additional load requirements or to enhance the City's revenues or to reduce its costs; (iii) entering into risk management transactions so as to attempt to eliminate the potential negative effect of market fluctuations on the price of electricity or operational risks; or (iv) any other transactions or strategies set forth by Coral Power. (b) From and after delivery of the Report, the Parties shall discuss the proposed strategies set forth in the Report, and any other strategies subsequently set forth by Coral Power (all such strategies are collectively referred to herein as "Optimization Strategies'), and the Parties shall mutually agree on which Optimization Strategies, if any, the Parties contemplate effectuating. In the event the Parties agree to attempt to implement any Optimization Strategy, the Parties shall enter into an amendment of this Agreement or other mutually agreeable documentation necessary for the execution and consummation of such Optimization Strategy (e.g broker and/or agency agreements, power marketing agreements, etc.). Coral Power shall not implement any Optimization Strategy which involves the City executing a contract with any third party unless each such third parry is of sufficient credit risk so as to satisfy Coral Power's internal counterparty credit restrictions, as such may be amended from time to time. The RVPUBUFF\557390 3