1994 AGN DEC 20 I11 - Laserfiche WebLink

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November 22, 1994 Mr. Thomas K. Clarke Electric Utility Director 650 N. La Cadena Drive Colton, CA 92324 Dear Mr. Clarke: This letter constitutes an Agreement between the City of Banning (Banning), a municipal corporation of the State of California, and the City of Colton (Colton), a municipal corporation of the State of California, hereinafter sometimes referred to individually as "Party" and collectively as "Parties". This Agreement will enable a Party to purchase, sell, or exchange surplus capacity, energy, transmission service, and other services, from, to, or with the other Party for periods of one year or less in accordance with the following terms and conditions. This Agreement does not provide advance agreement for either Party to make available or purchase or exchange any amount of such energy, capacity, or other services. 1. Term of Agreement - This Agreement shall be effective when executed by the Parties and remain in effect unless terminated by either Party upon sixty (60) days' advance written notice to the other Party, however, all obligations incurred under this Agreement shall survive termination of this Agreement. 2. Availability and Sale of Surplus Capacity, Energy, and Other Services a. At any time during the term of this Agreement, the Parties may notify each other that amounts of surplus capacity, energy, transmission, or other services are available for purchase, sale, and exchange. b. The Parties' schedulers and dispatchers may agree on the terms, conditions, price, and scheduling provisions for transactions which do not exceed thirty-one (3 1) days. Such transactions shall be promptly confirmed in writing by the Authorized Representative if requested by either Party. C. For transactions longer than thirty-one (3 1) days, but not exceeding one year, the Authorized Representatives shall execute a separate written confirmation specifying the terms, conditions, price, and scheduling provisions. d. Each Party reserves the right to delay commencement of deliveries until receipt of written confirmation in accordance with Section 2(b) or Section 2(c).