2004 AGN AUG 03 I16 - Laserfiche WebLink

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extent the City provides Coral Management with the necessary funds to pay the ISO Fees. Coral Management shall invoice the City on a monthly basis for the ISO Fees based upon estimated settlement data obtained from the ISO and the ISO Fees shall be reconciled in subsequent invoices as Coral Management receives actual settlement data from the ISO. (h) Coral Management shall provide the City with certain other written reports regarding the generation and transmission of electricity delivered to the City from the Facilities to the extent the City reasonably determines that such reports are useful in analyzing the electricity provided by the Facilities to the City. The Parties shall mutually develop examples of each such report to be provided by Coral Management to the City, including the specific data and format to be included therein. The Parties contemplate that such reports shall include any or all of the following: (i) preschedule reports; (ii) actual load and dispatch reports; (iii) settlement data for ISO 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 Management shall assist the City in preparing quarterly reports required by FERC, CEC, and the California State Franchise Board. 2. Optimization Services. During the term hereof, the City hereby engages Coral Management to provide the following services (collectively, the "Optimization Services") subj ect to the terms and conditions set forth herein. (a) From time to time during the term of this Agreement, Coral Management shall perform market and risk assessments of the City's electrical load requirements and the options available to the City for reducing the cost of electricity required by the City. From and after Coral Management's preparation of such risk assessments, the Parties shall discuss the proposed strategies Coral Management suggests the City implement (all such strategies are collectively referred to herein as "O�timization Strate ies"), 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 maxketing agreements, etc.). Coral Management shall not enter into any Optimization Strategies with any third parties on behalf of the City unless each such third party is of sufficient credit risk so as to satisfy both Coral