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Resolution No. 6910 1 RESOLUTION NO. 6910 2 3 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON APPROVING AND AUTHORIZING THE EXECUTION OF A 1997 EDISON-VERNON AGREEMENT BY AND BETWEEN THE CITY OF VERNON AND THE SOUTHERN CALIFORNIA EDISON COMPANY 4 5 6 WHEREAS, on July 8, 1993, the City of Vernon and Southern 7 California Edison Company ("Edison") executed the Edison-Vernon 8 1993 Settlement Agreement ("1993 Settlement"); and WHEREAS, the California Public utilities Commission 9 10 C"CPUC") in 1995 and in 1996 conducted the Electric Restructuring Proceeding, CPUC Docket No. R.94-04-031/I.94-04-032, resulting in 11 12 decisions providing for the restructuring of the electric utility 13 operations in California; and 14 WHEREAS, the Federal Energy Regulatory Commission C"FERC") is conducting proceedings in Docket Nos. ER96-1663-000, EC96-19-000, and EL96-48-000, which concern the terms and 15 16 17 conditions that will be applicable to such restructured electric utility operations; and 18 19 WHEREAS, the California State Legislature passed Assembly Bill 1890 which was signed by the Governor on September 20, 1996, 20 21 which provided for restructuring of electric utility operations in California, authorized and directed the CPUC and investor-owned 22 23 utilities to proceed to restructure, and directed that various filings be made with the FERC in order to accomplish such 24 25 restructuring; and 26 WHEREAS, the 1993 Settlement includes various provisions 27 relating to the operational arrangements between Edison and Vernon 28 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 and dates and time limits providing for negotiation of future changes to the operating arrangements between Edison and Vernon including, but not limited to, integrated operations and changes to the Partial Requirements Rate Schedule; and WHEREAS, Edison and Vernon desire to postpone and extend those time limits until the further development or completion of those major CPUC and FERC matters in order to provide a more efficient use of the their time; and WHEREAS, Edison and Vernon disagree as to whether the rate moratorium as between Edison and Vernon may bar Edison from recovering charges in its partial requirements service tariff to provide ancillary services to Vernon to the extent such costs are not recovered under existing arrangements between Edison and Vernon; and WHEREAS, Edison and Vernon desire to enter into a 1997 Edison-Vernon Agreement to settle their disagreements and to provide a time table for future negotiations. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: SECTION 1: 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 1997 Edison-Vernon Agreement, a copy of which has been presented to the City Council concurrently with this resolution, and the City Council hereby orders said Agreement to be received and filed by the city Clerk. SECTION 3: The City Council of the City of Vernon hereby -2- ... 1 . authorizes the Mayor and the City Clerk to execute said Agreement 2 3 for, and on behalf of, the City of Vernon. SECTION 4: The City Clerk of the city of Vernon shall 4 5 certify to the passage of this resolution and thereupon and 6 thereafter the same shall be in full force and effect. 7 8 9 ATTEST: ~ 10 BRUCE V. 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 APPROVED AND ADOPTED this 4th day of February, 1997. ~ _i/M~ MALKENHORST, City Clerk -3- . 1 STATE OF CALIFORNIA 2 ss COUNTY OF LOS ANGELES 3 4 I, BRUCE V. MALKENHORST, City Clerk of the City of 5 Vernon, do hereby certify that the foregoing Resolution, being 6 Resolution No. 6910, was duly adopted by the City Council of the 7 City of Vernon at a regular meeting of the City Council duly held 8 on Tuesday, Februarv 4. 1997, and thereafter was duly signed by the Mayor of the City of Vernon. 9 _/~~ 10 0i BRUCE V. MALKENHORST, City Clerk 11 12 ( SEAL) 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 -4- ~o. 61/& . 1997 EDISON. VERNON AGREEMENT . . 1997 EDISON-VERNON AGREEMENT 1. Parties This Agreement is entered into by and between the City of V ernon, California ('~ ernon"), a municipal corporation, and Southern California Edison Company ("Edison"), a California corporation, hereinafter sometimes referred to collectively as the "Parties," and individually as a "Party." 2. Reci tals This Agreement is made with reference to the following facts, among others: 2.1 Edison is an investor-owned public utility doing business in the State of California and is subject to the jurisdiction of the Federal Energy Regulatory Commission ("FERC") with respect to the provision of electric service to Vernon. 2.2 Vernon owns a municipal electric utility that it operates within, and as part of, the Edison control area. Vernon owns capacity resources, purchases capacity and energy requirements from Edison under the Partial Requirements Rate, and purchases capacity and firm and non-firm energy from third parties. 2.3 On July 8,1993, the Parties executed the Edison-Vernon 1993 Settlement Agreement (the "1993 Settlement"), FERC Rate Schedule No. 13.25.2. 2.4 The California Public Utilities Commission ("CPUC") in 1995 and in 1996 conducted the Electric Restructuring Proceeding, CPUC Docket No. R.94-04-031/1.94-04-032, resulting in decisions providing for the restructuring of the electric utility operations in California. - 1 - 2.5 The FERC is conducting proceedings in Docket Nos. ER96-1663-000, EC96-19-000, and EL96-48-000, which concern the terms and conditions that will be applicable to such restructured electric utility operations. 2.6 The California State Legislature passed Assembly Bill 1890 which was signed by the Governor on September 20, 1996, which provided for restructuring of electric utility operations in California, authorized and directed the CPUC and investor-owned utilities to proceed to restructure, and directed that various filings be made with the FERC in order to accomplish such restructuring. 2.7 The 1993 Settlement includes various provisions relating to the operational arrangements between Edison and Vernon in providing for negotiation on future changes to the operating arrangements between Edison and Vernon including, but not limited to, integrated operations and changes to the Partial Requirements Rate Schedule. 2.8 The 1993 Settlement provided for various dates and time limits for these negotiations to take place and for changes to be implemented. All of these provisions in the 1993 Settlement occurred prior to the aforesaid actions of the CPUC, the California Legislature, and the FERC and, therefore, said negotiations and deadlines failed to anticipate the emergence of those new issues. 2.9 Edison and Vernon desire to postpone and extend those time limits until the further development or completion of those major CPUC and FERC matters in order to provide a more efficient use of the Parties' time and to enable the Parties to negotiate an arrangement that would take into consideration aforesaid changed circumstances. - 2 - 2.10 Edison has advised Vernon of its intent to file with the FERC,under . . Federal Power Act Section 205, revisions to rate schedules under which Edison makes transmission services available to Vernon, including the Partial Requirements Tariff, or new rate schedules, in order to recover Edison's costs to provide ancillary services to Vernon to the extent such costs are not recovered under existing arrangements between Edison and Vernon. As used in this Agreement, the term "ancillary services" refers to those services that are defined in Sections 3.1, 3.2, 3.3, 3.4, 3.5, and 3.6 of Edison's Open Access Transmission Tariff, filed with the FERC on July 9,1996, as it may be amended or revised, or superseded by arrangements accepted by FERC in Docket Nos. EC96-19 and ER96- 1663. Edison and Vernon disagree as to whether any rate moratorium or settlement as between Edison and Vernon may bar Edison from recovering such charges in its partial requirements service tariff for Vernon. The parties desire, in this Agreement, to settle this disagreement. 2.11 Vernon is in Edison's control area, and Edison currently serves as Vernon's scheduling and dispatching agent. In the future, Vernon may desire to acquire ancillary services from parties other than Edison and/or to supply ancillary services from its own resources. As the restructuring of electric utility operations in California takes place, most of Edison's scheduling and dispatching responsibilities are expected to be transferred to an Independent System Operator. Nevertheless, Edison and Vernon may need to amend existing agreements in order for Vernon to self-supply ancillary services. Accordingly, Vernon has requested that Edison agree - 3 - to enter into good faith negotiations to amend existing agreements, if necessary, to permit Vernon to self-supply ancillary services in the future. 3. A~eement In consideration of the covenants and conditions herein, the Parties agree as follows: 3.1 The following provisions in the 1993 Settlement are amended as follows: 3.1.1 Section 5.8, line 22, the words "ten (10) years from the date of Regulatory Approval of this Agreement" are deleted and the words "on January 1, 2006" are substituted. 3.1.2 Section 5.15, first line, "6 months" is changed to "four years and six months", 3.1.3 Section 5.15.2, lines 1 and 2, "July 1, 1995" and "December 1, 1996" are changed to July 1, 1999" and "December 1, 2000" respectively. 3.1.4 Section 5.15.2, line 9 on page 28, "January 1, 2002" is changed to "January 1, 2006". 3.1.5 Section 5.15.2, lines 15 and 16 on p~ge 28, "May 1, 1996" and "June 1, 1997" are changed to "May 1, 2000" and June 1, 2001" respectively. 3.1.6 Section 5.15.4, line 2 on page 30, "January 1, 2002" is changed to "January 1, 2006". 3.1. 7 Section 5.15.5, line 1, "June 30, 1997" is changed to "June 30, 2001". ~ 4 - 3.1.8 Section 5.22, line 9, "June 30, 1997" is changed to "June 30, 200 1". 3.2 Subject to the following sentence below, if Edison modifies its Partial Requirements rate for service to Vernon, and/or any contract pursuant to which Edison provides or will in the future provide transmission service to Vernon, in a manner which enables Edison to charge separately for ancillary services, then, for a one-year period following the effective date of the modified Partial Requirements rate, Edison shall not apply to Vernon any such ancillary service charges associated with Vernon's use of Non-Integrated Sources as defined in the Partial Requirements rate schedule. The Parties intend by this Section 3.2 that, prior to the expiration of such one-year period, Edison shall continue its existing practices regarding both the performance of such ancillary services provided to Vernon and charges to Vernon therefor. 3.2.1 Vernon waives any right it may have to contend in a proceeding before FERC or any other regulatory or judicial body that any applicable rate moratorium or settlement in effect as between Edison and Vernon will prohibit Edison from applying such charges to Vernon in accordance with the Partial Requirements Tariff after the end of the one-year period referenced in Section 3.2. 3.2.2 Vernon understands and intends that the waiver described in Section 3.2.1 extends to claims which Vernon does not know or suspect to exist in its favor at the time of executing this Agreement, which, if known by Vernon, would have materially affected Vernon's settlement with Edison. In this regard, Vernon hereby waives application of California Civil Code Section 1542. - 5 - 3.2.3 Vernon has read and understands the following provisions of California Civil Code Section 1542: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him may have materially affected his settlement with the debtor." Vernon understands and acknowledges that the significance and consequence of this waiver of California Civil Code Section 1542 is that even if it should eventually suffer additional damages arising out of the facts referred to in this Agreement, Vernon will not be able to make any claim for those damages. Furthermore, Vernon acknowledges that it intends these consequences even as to claims for damages that may exist as of the date of this Agreement but which it does not know exist, and which, if known, would materially affect its decision to execute this Agreement, regardless of whether its lack of knowledge is the result of ignorance, oversight, error, negligence, or any other cause. 3.3 Within 3 months following the FERC's issuance of its decision on Phase II in FERC Docket No. EC96-19-00, Edison and Vernon shall enter into good faith negotiations to amend existing agreements between Edison and Vernon, if necessary, to permit Vernon, after the end of the one-year period referenced in Section 3.2, to acquire ancillary services from others and/or to supply such services from Vernon's own resources. If the FERC has not issued a definitive decision on Phase II matters by September 1, 1997, the Parties shall enter such negotiations beginning in November 1997. The Parties shall endeavor to have any necessary Amendments effective by January 1, 1999. - 6 - 4. Nonnrecedent and Reservation of Rie-hts The Parties intend that none of the principles underlying or embodied in this Agreement shall be deemed by FERC, the CPUC, any court or other administrative agency (state or federal), any Party hereto, or any third party as precedent in any proceeding or litigation except to the extent specifically stated herein. In particular but without limitation of the foregoing, the Parties intend that the fact of the amendment set forth in Section 3 herein, Edison's agreement to that amendment, and the substance of that amendment, shall neither be offered in evidence, used as any form of precedent, nor in any other way used to make or defend against any claim of any type by either Edison or Vernon, except for the purpose of enforcing the provisions of that amendment. The Parties have assented to the terms of this Agreement in order to arrive at a settlement. Each Party expressly reserves the right to advocate in current and future proceedings (except where participation in such proceedings may be prohibited elsewhere in this Agreement) principles, positions, and methodologies which may be different from those underlying this Agreement, and the Parties expressly declare that this Agreement should not be construed as a precedent for or against either of them in such advocacy. 5. Previous Communications This Agreement contains the entire agreement and understanding between the Parties as to the subject matter of this Agreement, and supersedes all - 7 - . prior agreements, commitments, representations, and discussions between the Parties relative to the subject matter of this Agreement. 6. Nonseverabilitv The Parties understand and agree that this Agreement is subject to each and every condition set forth herein, and that each term of this Agreement is in consideration and support of every other term. 7. Governine- Law and Rerulations This Agreement shall be interpreted, governed and construed under the laws of the State of California, as if executed in and to be performed wholly within the State of California, and in accordance with the Federal Power Act, 16 D.S.C. ~~ 824, et~. 8. Entire Amendment This Agreement contains the entire amendment to the 1993 Settlement agreed to by the Parties herein and all other provisions of the 1993 Settlement which are not otherwise provided for herein shall remain enforceable by and between the Parties. Nothing in Section 3.2.1 or any other provision of this Agreement shall be understood as diminishing in any manner the rights of the Parties provided for in Section 5.23 of the 1993 Settlement. 9. Sirnature Clause The signatories hereto represent that they have been appropriately authorized to enter into this Agreement on behalf of the Party for which they sign. - 8 - .. . 1 . IN WITNESS WHEREOF, the Parties execute this Agreement as of the 28th day of February, 1997. SOUTHERN CALIFORNIA EDISON COMPANY CITY OF VERNON By: \J,~ ~BY:__~/ Vikram BUdhraja Date: d-/Y- 97 Senior Vice President Name: Title: Date: 2-28-97 ATTEST: d I By: t/h/~ Bruce V. Malkenhorst City Clerk APPROVED BRYANT C. DANNER Senior Vice President and General Counsel Bya;~J~ ? Attorney --41"~7 . 19 q 7 APPROVED AS TO FORM: By: ~B~~~~' City Attorney LW963440.097 - 9 -