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Resolution No. 6301 .. 1 RESOLUTION NO. 6301 2 3 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON APPROVING AND AUTHORIZING THE EXECUTION OF A SUBSTITUTE LETTER AGREEMENT DATED AUGUST 4, 1993, BY AND BETWEEN THE CITY OF VERNON ("VERNON") AND THE SOUTHERN CALIFORNIA EDISON COMPANY ("EDISON") PROVIDING FOR THE PURCHASE OF REPLACEMENT CAPACITY BY VERNON FROM EDISON FOR THE CITY CAPACITY RESOURCES INTEGRATED BY VERNON (ENTITLEMENTS IN PALO VERDE UNITS 1, 2 AND 3) DURING 1993 4 5 6 7 8 9 WHEREAS, Vernon and Edison entered into an Integrated 10 II 12 Operations Agreement ("IOA") on August 25, 1982, to provide, among other things, for the integration of Vernon's interests in the Palo Verde Nuclear Generating station; and 13 WHEREAS, the City Council of the City of Vernon approved 14 Resolution No. 5695 on December 5, 1989, which approved Vernon 15 16 entering into a November 21, 1989 Letter Agreement with Edison providing for the purchase of Replacement Capacity in 1990 by 17 Vernon from Edison for Vernon City Capacity Resources; and 18 WHEREAS, said Letter Agreement terminated as of December 19 31, 1990; and 20 WHEREAS, the City Council of the City of Vernon, by Resolution No. 6292 adopted on July 20, 1993, approved a July 8, 21 22 1993 Letter Agreement with Edison to provide for the purchase of 23 replacement capacity for the city capacity resources integrated by 24 Vernon (entitlements in Palo Verde Units 1, 2 and 3) during 1993; 25 and 26 III III 27 28 , . 1 2 3 4 5 6 7 8 9 10 II l2 13 14 15 16 l7 18 19 20 21 22 23 24 25 26 27 28 WHEREAS, Edison rejected the agreement proposed on July 8, 1993, and has proposed a substitute agreement with a different pricing structure; and WHEREAS, Vernon desires to accept Edison's proposal in the substitute Letter Agreement of August 4, 1993, and desires to establish the terms and conditions whereby Vernon could purchase Replacement Capacity from Edison for City Capacity Resources integrated by Vernon (entitlements in Palo Verde Units 1, 2 and 3) . NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: SECTION 1: That the City Council of the City of Vernon does hereby find and determine that the recitals contained hereinabove are true and correct. SECTION 2: The City Council of the City of Vernon hereby approves the Letter Agreement dated August 4, 1993, by and between Vernon and Edison providing for the purchase of Replacement Capacity in 1993 by Vernon from Edison for Vernon City capacity Resources integrated by Vernon (entitlements in Palo Verde Units 1, 2 and 3), a copy of which has been presented to the City Council concurrently with this resolution, and the City Council hereby orders said Letter Agreement to be received and filed by the City Clerk. SECTION 3: The City Council of the City of Vernon hereby authorizes the Mayor and City Clerk to execute said Letter Agreement for, and on behalf of, the City of Vernon. III III -2- 1 SECTION 4: The City Clerk of the City of Vernon shall 2 certify to the passage of this resolution and thereupon and 3 thereafter the same shall be in full force and effect. 4 5 6 APPROVED AND ADOPTED this 3rd day of August, 1993. ~' ,? ~(LE~YOr' '--- 7 8 9 10 11 l2 13 14 15 l6 l7 l8 19 20 21 22 23 24 25 26 27 28 -3- 1 STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ) 2 3 I, BRUCE V. MALKENHORST, City Clerk of the City of 4 5 Vernon, do hereby certify that the foregoing Resolution, being 6 Resolution No. 6301, was duly adopted by the City Council of the City of Vernon at a regular meeting of the City Council duly held 7 on Tuesday, Auqust 3. 1993, and thereafter was duly BRUCE V. MALKENHORST, City Clerk 8 9 Mayor of the City of Vernon. 10 II 12 (SEAL) 13 14 15 l6 17 18 19 20 21 22 23 24 25 26 27 28 -4- /"~? - - . 6...Pt1/ ....,..Jy~ Southern California Edison Company p, 0, BOX 800 2244 WALNUT GROVE AVENUE ROSEMEAD, CALIFORNIA 91770 VIKRAM 5, BUDHRA.JA VICE PRESIDENT TELEPHONE 818-302-9578 August 4, 1993 City of Vernon City Hall 4305 Santa Fe Avenue Vernon, CA 90058 Attn: Mr. Bruce V. Malkenhorst, City Administrator/City Clerk Subject: Purchase of Replacement Capacity in 1993 by the City of Vernon from Southern California Edison Company for Vernon City Capacity Resources The City of Vernon (Vernon) and the Southern California Edison Company (Edison) entered into the Integrated Operations Agreement (IDA) on August 25, 1982, to provide, among other things, for the integration of the Resources acquired by Vernon as City Capacity Resources. Vernon and Edison previously entered into a November 21, 1989 agreement, the subject of which was "Purchase of Replacement Capacity in 1990 by the City of Vernon from Southern California Edison Company for Vernon City Capacity Resources." That agreement terminated as of midnight December 31, 1990. Vernon and Edison wish to enter into a new agreement for "Purchase of Replacement Capacity in 1993 by the City of Vernon from Southern California Edison Company for Vernon City Capacity Resources" (Agreement). Wherefore the Parties agree as follows: 1. Vernon may be required to purchase Replacement Capacity to replace Rated Capability unavailable from its City Capacity Resources. Section 16.1.3.2 of the lOA provides that Vernon may purchase Replacement Capacity from Edison. Vernon may desire to purchase Replacement Capacity for its City Capacity Resources from Edison pursuant to the terms and conditions of the lOA. 2. Commencing with the effective date of this Agreement and pursuant to Section 16.1.3.2 of the IDA, and with the exception provided in Paragraph 4 hereof, Vernon, to the extent it does not purchase Replacement Capacity from Third Parties in accordance with said Section 16.1.3.2, shall purchase its full requirements of Replacement Capacity for its City Capacity Resources from Edison for the period specified in Paragraph 5 hereof. The amount of '. City of Vernon August 4, 1993 Page 2 Replacement Capacity to be purchased shall be calculated pursuant to Section 16.1.2 of the IDA. 3. Section 16.1.4 of the IDA provides that the charge per kilowatt per day for Replacement Capacity may be agreed upon by the Parties. Except as provided pursuant to Paragraphs 4, 5, 6, 9, 10 and 11 hereof, Edison and Vernon agree that Edison's charge for Replacement Capacity for Vernon's City Capacity Resources shall be twenty cents ($0.20) per kilowatt per day for the period from the effective date of this Agreement through October IS, 1993 and ten cents ($0.10) per kilowatt per day thereafter. Unless otherwise agreed by the Parties, this charge shall revert to the charge calculated in accordance with the formula specified in Section 16.1.4 of the IDA, and this Agreement shall terminate, upon ten (10) calendar days' written notice by Edison or Vernon. It is the Parties' intent that such formula charge remain in effect so that a charge shall be available for Replacement Capacity which cannot be terminated upon ten (10) calendar days' written notice by either Party. Vernon waives any challenge to such notice period for the charge for Replacement Capacity specified herein. Vernon shall not request a suspension or otherwise protest the termination of this Agreement or the reversion to such formula charge under Section 205 or 206 of the Federal Power Act. 4. If, pursuant to Section 16.1.7 of the IDA, the then-current reserve situation in the Control Area requires purchases of capacity from other control areas in order to maintain or restore the reliability and integrity of the Control Area, Vernon shall use its best efforts to purchase Replacement Capacity from Third Parties outside of the Control Area. In the event Vernon is unable to secure Replacement Capacity from Third Parties, Vernon shall then purchase Replacement Capacity from Edison at the charge calculated in accordance with the formula specified in Section 16.1.4 of the IDA. 5. Edison shall make available Replacement Capacity in accordance with this Agreement upon the effective date of this Agreement pursuant to Paragraph 8 herein. Unless otherwise agreed and confirmed in writing by the Parties, and except as provided in Paragraph 3, 4, 6 and 9 hereof, Edison shall continue to make available Replacement Capacity at the charge specified pursuant to Paragraph 3 hereof, through December 31, 1993. Unless otherwise agreed by the Parties, the charge for Replacement Capacity shall terminate and revert to the charge calculated in accordance with the formula specified in Section 16.1.4 of the IDA after that date. Vernon waives any challenge to such termination. Vernon shall not request a suspension or otherwise protest a reversion to such formula charge under Section 205 or 206 of the Federal Power Act. City af Vernan August 4, 1993 Page 3 6. Either Edisan ar Vernan may terminate Replacement Capacity purchases and sales at the charge af twenty cents ($0.20) ar ten cents ($0.10) per kilawatt per day, as specified in Paragraph 3 hereaf, by submitting written natice to. the ather Party via certified mail return receipt requested, no. later than ten (10) calendar days priar to. the requested terminatian date. 7. All written natices given herein shall be in accardance with Sectian 38 af the IDA. 8. Edisan and Vernan agree that this Agreement is in implementatian af and entered into. pursuant to. the IDA. This Agreement shall became effective an the date fallawing executian by bath Parties and acceptance far filing by the Federal Energy Regulatary Cammissian (FERC) withaut suspensian; pravided, hawever, if upan such filing the FERC enters into. a hearing to. determine whether this Agreement is just and reasanable, it shall nat became effective until the date when an arder no. langer subject to. judicial review has been issued by the FERC determining this Agreement to. be just and reasanable withaut changes ar new canditians unacceptable to. either Party. Vernan shall pay all fees imposed by the FERC associated with this Agreement. 9. Edisan shall request that the FERC deem the effective date af this. Agreement to. be the date af filing, and if the FERC accepts this request, the charge af twenty cents ($0.20) ar ten cents ($0.10) per kilawatt per day specified pursuant to. paragraph 3 hereaf shall, upan the effective date af this agreement, be applied retraactively to. the date this Agreement is filed with the FERC to. any Replacement Capacity purchased from Edisan during such periad in accardance with Sectian 16.1.3.2 af the IDA. If the FERC does nat allaw the Agreement to. became effective as af the date af filing, then, far the periad fram the date af filing this Agreement to. the effective date assigned by the FERC, Edison shall c~arge Vernan far any Replacement Capacity purchased by Vernan fram Edisan at the rate determined in accardance with Sectian 16.1.4 of the IDA. 10. In the event the FERC daes nat accept this Agreement, in accardance with paragraph 8 hereaf, it is the intent af the Parties that Edison shall charge Vernan far any Replacement Capacity saId by Edisan at a rate determined in accardance with Sectian 16.1.4 af the IDA and Vernan shall pay far such Replacement Capacity at such rate. 11. Nathing cantained herein shall be cans trued as ,affecting in any way the right af (i) Edisan, in making available service hereunder, to. unilaterally make applicatian to. FERC far a change in rates, charges, classificatian, ar service, ar any rule, regulatian, ar cantract relating thereto. under Sectian 205 of the City of Vernon August 4, 1993 Page 4 Federal Power Act and pursuant to the rules and regulations promulgated by FERC thereunder and have such change become effective pursuant to Section 205 of the Federal Power Act or (ii) the right of Vernon to oppose such changes, under Section 205 of the Federal Power Act. No provision of this Agreement shall ,be deemed a waiver by either Party of any position with regard to any rights or duties under the IDA. 12. Except for the definition of this "Agreement," all terms used herein with initial capitalization (whether in the singular or plural) shall have the meanings specified in the IDA. Replacement Capacity arrangements specified herein are in implementation of the IDA, and shall neither alter nor amend the IDA. Nothing contained herein shall be construed so as to impair Edison's future right to charge Vernon the charge calculated in accordance with the formula specified in Section 16.1.4 of the IDA for Replacement Capacity immediately upon termination of this Agreement. 13. The Parties agree that the November 21, 1989 Agreement terminated as of midnight December 31, 1990, and this Agreement supersedes it except for any outstanding payment obligations referred to therein. 14. Unless terminated earlier in accordance with Paragraph 3 hereof, this arrangement shall terminate at midnight on December 31, 1993. '-'., t City of Vernon August 4, 1993 Page 5 If Vernon finds the aforementioned acceptable, please so indicate by signing both originals of this letter and returning one of them to Edison. APPROVED : BRYANT C. DANNER Senior Vice President and General Counsel By ~ 9. .~ Attorney B/"-i 19'1'3 SOUTHERN CALIFORNIA EDISON COMPANY By: ~\Q...,. --' - ~ ~ Vice President CITY OF VERNON By: -~~ Attest: City Clerk AP. PROVED AS TO F~.,.. . BY_\.) I ~I ~A ' D.WID B. BREARLEY CITY A'fTOHHEY ~j Aua - 4 1993