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Resolution No. 78671 2 3 4 5 6 7 8 X 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. 7867 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON APPROVING AND AUTHORIZING THE EXECUTION OF A WRAP CONTRACT, SERVICES AND PERFORMANCE GUARANTEES FOR THE MALBURG GENERATING STATION, BY AND BETWEEN THE CITY OF VERNON AND ALSTOM POWER INC. WHEREAS, the City of Vernon is in the process of developing a Combined Cycle Power Plant officially named the Malburg Generating Station (the "Project") for the purpose of installing additional generating capacity that will yield an efficient, cost-effective, and reliable source of electric generation to the City of Vernon; and WHEREAS, on May 23, 2001, the City Council of the City of Vernon approved Resolution No. 7775 approving an agreement with Alstom Power Inc. ("Alstom") for the purchase of two (2) GTX100 gas turbine 1packages; and WHEREAS, on November 7, 2001, the City Council of the City of Vernon approved Resolution Nos. 7865 and 7866 approving contracts with Alstom for the purchase of .two (2) heat recovery steam generators ("HRSGs") and one (1) steam turbine unit, respectively; and WHEREAS, the Utilities Department of the City of Vernon has determined that the City needs to obtain additional services for the Project and certain performance guarantees for the gas turbines, the HRSGs and the steam turbine unit and any related equipment that will allow the City to satisfy air quality and other applicable regulations; land WHEREAS, Alstom submitted proposals to Vernon dated September 4, 2001 and September 13, 2001, as part of its proposals to supply the HRSGs and steam turbine unit, to provide the additional 1 . k 1 services during construction of the Project and give additional 2 performance guarantees for the Project; and 3 WHEREAS, Alstom and Vernon have completed their negotiations 4 regarding the additional performance guarantees and services that will 5 be provided by Alstom for the Project; and 6 WHEREAS, the City Council wishes to approve the WRAP 7 Contract with Alstom which provides for performance of certain 8 services during construction of the Project and certain performance 9 guarantees respecting the GTX100 gas turbines, the HRSGs and the steam 10 turbine unit and/or the Project; and 11 WHEREAS, the City Council of the City of Vernon has 12 determined that, pursuant to the provisions of Subsection (a) of 13 Section 2.27 of the Vernon City Code, it is in the public interest and 14 necessity to enter into a WRAP Contract with Alstom to obtain 15 additional services during construction of the Project and additional 16 performance guarantees for the Project. 17 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE 18 CITY OF VERNON AS FOLLOWS: 19 SECTION 1: The City Council of the City of Vernon hereby 20 finds and determines that the recitals contained hereinabove are true 21 and correct. 22 SECTION 2: The City Council of the City of Vernon hereby 23 approves the WRAP Contract with Alstom, a copy of which is attached 24 hereto as Exhibit "A" and made a part hereof. 25 SECTION 3: The City Council of the City of Vernon hereby 26 authorizes the Mayor and the City Clerk to execute said Contract for, 27 and on behalf of, the City of Vernon. 28 SECTION 4: The City Council of the City of Vernon hereby 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 directs the City Clerk, or his designee, to send one fully executed Contract to: ALSTOM Power Inc. Attn: Patricia F. Mire, Contracts Manager 10730 Telge Road Houston, TX 77095 SECTION 5: The City Clerk of the City of Vernon shall certify to the passage of this resolution, and thereupon and thereafter the same shall be in full force and effect. APPROVED AND ADOPTED this 7th day of November, 2001. ATTEST: BRUCE V. MALKENHORST, City Clerk EONIS C. MAL URG, Mayor - 3 - 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 STATE OF CALIFORNIA ) ) ss COUNTY OF LOS ANGELES ) I, BRUCE V. MALKENHORST, City Clerk of the City of Vernon, do hereby certify that the foregoing Resolution, being Resolution No. 7867, was duly adopted by the City Council of the City of Vernon at a regular meeting of the City Council duly held on Wednesday, November 7, 2001, and thereafter was duly signed by the Mayor of the City of Vernon. (SEAL) fjKU(,L V . iv1t-jL1Srlvnvn0l, 1.1 Uy 1 _Lt-_L 1. - 4 - EXHIBIT S WRAP CONTRACT Services and Performance Guarantees for the MALBURG Generating Station Between THE CITY OF VERNON And ALSTOM Power Inc. GENERAL 1. ..............................................................................................................................................4 2. EFFECTIVE DATE...............................................................................................................................6 OF SERVICES.....................................................................................................6 3. SCOPE .............. 6 DELIVERY OF THE GTX 100 GAS TURBINES ......................................................... 4. DELAYED 7 PERFORMANCE ............. .......................................................».............. 5. ............................................................. 6. PRICES AND PAYMENTS..»............................................................................................................11 7. EQUIPMENT SUPPLY CONTRACTS.............................................................................................12 8. DEFAULT......................................................................................................................................13 9. ASSIGNMENT.....................................................................................................................................13 14 10. PARTIAL INVALIDITY .. ................................. ................... ». . .11. NON-WAIVER.....................»............................................................».......14 ......................................... ......».......14 12. AMENDMENTS ................................................................................................................... 14 13. ENTIRE AGREEMENT ....... ........ »................................ ............................»........»...................» 14. BENEFIT OF AGREEMENT............................................................................................................15 15. NOTICES...................................................................................................................... ........................15 16. INDEPENDENT CONTRACTOR.............................................................................15 ...............................15 17. ALSTOM NOT AGENT ........................... 18. CHOICE OF LAW............................................................................................«................................16 19. FORUM SELECTION...................................................................... ...............„.................................16 16 20. LIMITATION OF LIABILITY ....... .......................... .......». Appendix 1 Scope of Services, Document 1412239-3-1X5 Appendix 2 Performance Data, Document 1412239-401X8 Appendix 3 Letter of Credit Format 2 CONTRACT THIS CONTRACT is made, entered into and executed in duplicate originals, either copy of which may be considered and used as the original hereof for all purposes, as of this day of November, 2001, in the City of Vernon, County of Los Angeles, BY AND BETWEEN AND RECITALS THE CITY OF VERNON 4305 Santa Fe Avenue Vernon, CA 90058 ALSTOM Power Inc. 10730 Telge Road Houston, TX 70095 WHEREAS, the City of Vernon ("VERNON") is interested in the development of a Combined Cycle Power Plant (the "Project") for purposes of installing additional generating capacity that is capable of yielding cost effective, efficient and reliable electricity to meet its goals, while meeting Federal, State and local environmental and siting requirements; and WHEREAS, VERNON and ALSTOM Power Inc. ("ALSTOM") have signed a contract on May 23, 2001 for the supply by ALSTOM of two GTX100 gas turbine packages for the Project; and WHEREAS, VERNON has signed a contract with ALSTOM for the supply of one steam turbine on November 7, 2001 and contract for the supply of two HRSG boilers on November 7, 2001 for the Project; and WHEREAS, ALSTOM has presented a proposal to VERNON on September 4 and September 13, 2001 as part of the proposals to supply Boilers and a Steam Turbine, in which ALSTOM is willing to perform certain services during the construction of the Combined Cycle Power Plant ("the Plant") and to give certain performance guarantees for the Plant; and WHEREAS, VERNON and ALSTOM desire to set forth the terms and conditions for the purchase of these services and for the provision of performance guarantees. NOW, THEREFORE, THE PARTIES HERETO DO MUTUALLY AGREE AS SET FORTH HEREIN: 1. GENERAL The Contract shall consist of the following: The term and conditions set forth in this document Appendix 1 Scope of Services, Document 1412239-3-1X5 Appendix 2 Performance Data, Document 1412239-401X8 Appendix 3 Letter of Credit All Appendices are attached hereto and incorporated by reference as though fully set forth herein. To the extent that there are any conflicts between the terms of the Appendices and the terms and conditions set forth below, the terms and conditions set forth herein shall prevail. The above order of precedence shall prevail in the event that there is a conflict or inconsistency among the documents that comprise the Contract. . Definitions ALSTOM shall mean ALSTOM Power Inc., a Delaware Corporation, the supplier of the services hereunder. AQMD shall mean the South Coast Air Quality Management District. Business Day shall refer to normal business days at the City of Vernon, Monday through Thursday, excluding legal holidays. Contract shall mean all of the documents identified in Section 1. Equipment Supply Contracts shall mean the following contracts: (a) the equipment supply contract signed by the Parties on May 23, 2001 for delivery of two GTX100 gas turbine packages with related services (hereinafter the "Gas Turbine Supply Contract"; and (b) the equipment supply contract signed on November 7, 2001 by the Parties for the delivery of a steam turbine with related services (hereinafter the "Steam Turbine Supply Contract'); and (c) the equipment supply contract signed on November 7, 2001 by the Parties for the delivery of two HRSG boilers and related services (hereinafter the "HRSG Boiler Supply Contract') FOB Jobsite shall mean when the conveyance has stopped next to the off-loading area. Jobsite shall mean the location of the City of Vernon Power Plant, Station A. Parties shall mean ALSTOM and VERNON, collectively. Performance Tests shall mean the testing of the Plant to verify that the guaranteed performance values for heat rate and power output are met as per Appendix "2". The performance tests shall be binding on ALSTOM to determine compliance with the guaranteed performance values. Plant shall mean the Combined Cycle Power Plant to be constructed by VERNON at Malburg Generating Station including two GTX100 gas turbine packages, one steam turbine and two HRSG boilers supplied by ALSTOM Prime Rate means the annual interest rate published in "The Wall Street Journal" MONEY RATES as the "PRIME RATE" Scope of Services shall mean the services identified in Section 3 of this Contract, including Appendix 1. Stability Test shall mean the 24-hour tests conducted after commissioning is completed in accordance with the individual Equipment Supply Contracts. In addition to this,. ALSTOM shall co-ordinate during the design phase so that the components are r, 2. 9 4. 4.1 4.2 compatible with each other and so that no limitations in the components hinder them from operating together through the entire load range as set forth in Appendix 2. VERNON shall mean the City of Vernon, California. EFFECTIVE DATE The Contract shall become effective upon signing of the Contract by both Parties. SCOPE OF SERVICES ALSTOM shall designate a project manager to be the single point of contact to lead and co-ordinate the performance of this Contract and the Equipment Supply Contracts and generally direct, monitor and expedite the activities of ALSTOM in accordance with the provisions of the Equipment Supply Contracts. The project manager shall be designated to receive and act upon any notice pursuant to section 15 of this Contract and the individual notice sections of the Equipment Supply Contracts. ALSTOM shall also be required to provide the services set forth in Appendix 1 of this Contract, which is attached hereto and incorporated by this reference. DELAYED DELIVERY OF THE GTX 100 GAS TURBINES VERNON has instructed ALSTOM to delay the delivery of the two GTX100 gas turbine packages. The Parties have agreed that ALSTOM shall deliver the GTX100 gas turbine packages F.O.B. Jobsite on or after July 25, 2002, but no later than August 15, 2002. VERNON shall not be responsible for additional costs, except as set forth in section 4.4 of this Contract. As a result of ALSTOM delaying the delivery of the GTX100 gas turbine packages the following shall apply. a) The invoices for the last two payments of 5% each when the two GTX100 gas VERNON, and shall be payable within 15 days, shall be submitted to turbine packages are ready for shipment pursuant to the Gas Turbine Supply Contract, and upon presentation of warehouse receipts, but not earlier than February 1, and February 22, 2002. 11 b) The risk of loss or damage to the GTX 100 gas turbine packages shall remain with ALSTOM until delivery FOB Jobsite. 4.3 ALSTOM shall deliver the GTX100 gas turbine packages FOB Jobsite as set forth in section 4.1 of this Contract. However, if the GTX gas turbine packages cannot be delivered by the date stated herein, VERNON shall give ALSTOM written notice thereof at least 90 days prior to said delivery date. VERNON shall inform ALSTOM of the new delivery date at least 90 days in advance, otherwise the new delivery date will be postponed by the number of days passing thereafter on a day by day basis. The liquidated damages for delay in Article 32.1 of the Gas Turbine Supply Contract shall solely apply in relation to the delivery date determined in accordance with this section 4.3. 4.4 If the GTX100 gas turbine packages can not be delivered by August 15, 2002, the Parties agree that ALSTOM will incur additional fees for services and costs associated with the storage of the units, insurance, cancellation of transportation, and arrangement of new transportation. Such costs shall be reimbursed by VERNON on a monthly basis. VERNON agrees to take delivery of the GTX100 gas turbine packages no later than February 15, 2003. The Parties further agree that the warranty period under section 12 of the Gas Turbine Supply Contract shall be amended to read "twenty four (24) months from Commercial Operation or Thirty six (36) months from August 15, 2002, whichever first occurs. 5. PERFORMANCE 5.1 ALSTOM guarantees the performance of the Plant in accordance with and subject to the conditions set out in Appendix 2 of this Contract, which is attached hereto and incorporated by reference. The Parties agree that, unless the Plant is not built, the performance guarantees given in this section and Appendix 2 of this Contract shall satisfy the performance guarantees given by ALSTOM in section 32.2 in the Gas Turbine Supply Contract and section 1.3 of Appendix 1 "Performance Data, document X171243E, Ed. 4" of the Gas Turbine Supply Contract. All other guarantees, including delivery, noise and emissions shall be governed by each separate Equipment Supply Contract. ALSTOM and VERNON agree that in the event the Plant fails to meet the guarantees for output or heat rate as specified in Appendix 2, the actual damages that would be suffered by VERNON would be impossible to ascertain precisely. Therefore, ALSTOM and VERNON agree that liquidated damages will be established (if the equipment supplied by ALSTOM and mentioned in the recitals are accepted by VERNON) as follows: 1) Output: ALSTOM shall pay for such failure to meet the guaranteed output for . "new and clean" Plant in lieu of all other claims or obligations for such failure, as liquidated damages and not as a penalty, the following amount: $ 600 per kW of power output below the guaranteed output specified in Appendix 2. 2) Heat Rate: ALSTOM shall pay for such failure to obtain the guaranteed heat rate for "new and clean" Plant, in lieu of all other claims or obligations for such failure, as liquidated damages and not as a penalty, the following amount: $ 10,000 per Btu/kWh-LHV (Lower Heating Value) for the amount of heat rate above the guaranteed heat rate specified in Appendix 2. VERNON shall allow ALSTOM, or its agents, to witness all Performance Tests and shall provide ALSTOM with all logs containing data and other Plant information during the Performance Tests and used to show Plant has met output and heat rate guarantees. The maximum liquidated damages for heat rate due under this Section is 7.5 % of the aggregate value of the Equipment Supply Contracts. The maximum liquidated damages for power output due under this Section is 7.5% of the aggregate value of the Equipment Supply Contracts. If the Plant is unable to meet the performance represented by the maximum liquidated damages in this Section, and ALSTOM is unable to remedy such failure as provided for hereunder, such failure may be considered a breach of material condition of this Contract as discussed. in Section 8. I If VERNON is unable to start to perform the Performance Test within three (3) months of the completion of the last Stability Test under the Equipment Supply Contracts for reasons within VERNON's control, then VERNON shall be deemed to have accepted the guaranteed output and heat rate for the Plant. If VERNON is unable to complete the Performance Test within 250 EOH (EOH being defined in the Gas Turbine Supply Contract) from the completion of the last Stability Test under the Equipment Supply Contracts, provisions for the impact of these additional EOH will be made in the Performance Test procedure. If, during commissioning and the Stability Test, EOHs are consumed due to reasons outside of ALSTOM's control for its equipment as defined in the Equipment Supply Contract, these EOHs will be deducted from the 250 EOH stipulated in the paragraph above. In this context ALSTOM'S control shall mean all the activities for a standard commissioning and Stability Test of the equipment provided for in this Contract and the Equipment Supply Contracts. 5.3 Maximum Aggregate Liquidated Damage The maximum aggregate liquidated damages payable under this Contract shall not exceed 15 % of the aggregate value of the Equipment Supply Contracts. 5.4 LIABILITY FOR PERFORMANCE ALSTOM'S sole liability in respect to performance of the Plant shall be only as expressly stated herein. ALSTOM shall in no event be responsible for the failure to meet guaranteed performance as set forth above, if such failure is caused by equipment not supplied by ALSTOM. 5.5 EMISSIONS The Plant emissions guarantees are provided for in the HRSG Boiler Supply Contract. The inlet emissions levels to the HRSG are provided for in the Gas Turbine Supply Contract. If the Plant emissions'guarantees are not met, ALSTOM 1 () shall be responsible for determining what component supplied under the Equipment Supply Contracts failed to meet its performance guarantee; and shall at its sole expense make repairs to meet the performance guarantees. 6. PRICES AND PAYMENTS 6.1 Prices The price for the delayed delivery, the Scope of Services and the performance guarantees shall be: One Million Three Hundred and Sixty Three Thousand Dollars (USD) ($1,363,000) customs & duties included. Prices do not include sales, or use taxes, special financing fees, value added taxes, special permits or licenses, or similar charges. VERNON shall either pay any and all such applicable charges or provide ALSTOM with acceptable exemption certificates. However, Alstom shall be responsible for any special permits or licenses required in the delivery of all the equipment in the Equipment Supply Contracts, FOB Jobsite. 6.2 Payment Invoices shall be submitted to VERNON according to the following payment schedule: 15 % Down -payment, due before 12:00 p.m. (PST), November 8, 2001 20% at ex -work of the steam turbine 20% at delivery to site of the steam turbine 20% at first fire of the HRSG unit no.1 25% of the Contract value at the successful completion of the Stability Test Invoices shall be due and payable by wire transfer within fifteen (15) days of receipt by VERNON to. ALSTOM Power Inc. Bank One N.A. ABA # 071000013 Account # 5709636 11 Past due invoices shall be subject to interest charges at the Prime Rate. 6.3 Letter of Credit in Lieu of Retention Within thirty days of execution of this Contract, and the HRSG Boiler and Steam Turbine Supply Contracts, ALSTOM shall increase the existing letter of credit provided to VERNON under the Gas Turbine Supply Contract to equal 10% of the total price of this Contract and the Equipment Supply Contracts. The Letter of Credit shall be valid until the successful testing of the Plant in accordance with Appendix 2, not to exceed ten (10) months from the date of delivery of all the equipment pursuant to the Equipment Supply Contracts. VERNON shall return the Letter of Credit to ALSTOM at its expiration. ALSTOM recognizes that VERNON has agreed to accept the Letter of Credit in lieu of a ten percent (10%) retention of the total price of this Contract and the Equipment Supply Contracts that VERNON would otherwise require. Therefore in the event that ALSTOM fails to provide an acceptable letter of credit to VERNON in a timely manner, VERNON may, after reasonable notice to ALSTOM, withhold up to ten percent (10%) of the total price of this Contract and the Equipment Supply Contracts from any remaining payments. Any such retention may be held by VERNON for up to (30) days after Commercial Operation. The parties agree that the Letter of Credit given in this section shall satisfy the Letter of Credit requirements in the Equipment Supply Contracts. Further, the parties agree that any payment withheld pursuant to this section shall also satisfy the withholding requirements of the Equipment Supply Contracts. 7. EQUIPMENT SUPPLY CONTRACTS This Contract shall only govern the delayed delivery of the GTX100 gas turbine packages, the Scope of Services and the performance guarantees explicitly stated herein. The Gas Turbine Supply Contract, the Steam Turbine Supply Contract and the HRSG Boiler Supply Contract shall govern all other issues respectively. 1 'Y 8. DEFAULT 8.1 In the event ALSTOM commits a breach of a material condition of this Contract, VERNON shall notify ALSTOM in writing of said breach and if ALSTOM has not cured or begun reasonable efforts to cure after fifteen (15) working days of receipt of said notice, and fails to diligently pursue corrective action, then VERNON shall have the right to direct costs due to VERNON's re -procurement of the equivalent of the Equipment or services cancelled from ALSTOM. ALSTOM shall not warrant work completed by others. 8.2 If VERNON fails to make any contractual payment to ALSTOM when due under the provisions of this Contract, and such failure is not remedied within fifteen (15) days of VERNON'S receipt of written notice of such default, then ALSTOM will notify VERNON. If such failure is not remedied within seven (7) days of VERNON's receipt of the second notice then ALSTOM may terminate this Contract for VERNON's Default and recover all costs expended by ALSTOM plus a reasonable amount for profit and overhead thereon. 9. ASSIGNMENT Except as provided in this Section, ALSTOM may not directly or indirectly sell, assign, transfer, pledge, mortgage or encumber (each, a "Transfer") any of its interest in any of its rights or obligations under this Contract, without the prior written consent of VERNON. Except as provided in this Section, any Transfer that is made without the prior written consent of the other party shall be void. Notwithstanding anything to the contrary in this Contract: (i) VERNON may assign its rights under this Contract, without ALSTOM'S consent, to any party that is financially able to make any remaining payments due to ALSTOM under the Contract. If VERNON desires to assign its rights under this Contract, it shall advise ALSTOM of such anticipated assignment, in writing. ALSTOM shall also be entitled to request reasonable proof of the proposed assignee's financial status. ALSTOM shall then have ten (10) days to advise VERNON of its objection to the assignment and the basis for such objection. 1 '2 (ii) ALSTOM may assign any amounts due to it under this Contract to a special purpose account as part of its participation in a Asset Backed Securitization Program without notice to or the consent or approval of the other party hereto; No such assignment by ALSTOM shall constitute an event allowing for termination of this Contract by VERNON. (iv) No such assignment by ALSTOM shall reduce, change or modify any right of VERNON under this Contract. 10. PARTIAL INVALIDITY Wherever possible, each provision hereof will be interpreted in such manner as to be effective and valid under applicable law, but in case any one or more of the provisions contained herein is, for any reason, held to be invalid, illegal or unenforceable in any respect, such provision will be ineffective to the extent, but only to the extent, of such invalidity, illegality or unenforceability without invalidating the remainder of such invalid, illegal or unenforceable provision or provisions or any other provision hereof, unless such a construction would be unreasonable or contrary to the intent of the Parties as expressed in this Contract. 11. NON WAIVER The failure of either party to insist upon or enforce, in any instance, strict performance by the other party of any provision or to exercise any right herein conferred shall not be construed as a waiver or relinquishment to any extent of its right to assert or rely upon any such provision or rights on any future occasion. 12. AMENDMENTS This Contract may be modified or amended only by a written document executed by both ALSTOM and VERNON and approved as to form by VERNON`s Counsel. 13. ENTIRE AGREEMENT This Contract is the entire agreement of the Parties. ALSTOM represents that in entering into this Contract, it has not relied on any previous representations or understandings of any kind or nature. 14 14. BENEFIT OF AGREEMENT This Contract shall bind and benefit the Parties hereto and their heirs, successors, and permitted assigns. 15. NOTICES Notices to the Parties, unless otherwise requested in writing, shall be sent to: City: THE CITY OF VERNON ATTN: Bruce V. Malkenhorst City Administrator 4305 Santa Fe Avenue VERNON, CA 90058-0805 ALSTOM: ALSTOM Power Inc. ATTN: Patricia F. Mire 10730 Telge Road Houston, TX 77095 Notices shall be deemed to have been received by the dose of Business Day two days after the date on which it was mailed. 16. INDEPENDENT CONTRACTOR. At all times during the term of this Contract, ALSTOM shall be an independent contractor and shall not be an employee of VERNON. VERNON shall have the right to control ALSTOM only insofar as the results of ALSTOM's services rendered pursuant to this Contract; however, VERNON shall not have the right to control the means by which ALSTOM accomplishes services rendered pursuant to the Contract except to the extent that such services involve the use of VERNON property or Confidential Information. 17. ALSTOM NOT AGENT Except as VERNON may specify in writing, ALSTOM shall have no authority, express or implied, to act on behalf of VERNON in any capacity whatsoever as an agent. ALSTOM shall have no authority, expressed or implied, pursuant to this Contract to bind VERNON to any obligation whatsoever. 18. CHOICE OF LAW The rights and remedies of the parties hereunder shall be governed by the laws of the State of California. 19. FORUM SELECTION Any action brought relating to this Contract shall be brought .and held exclusively in a State Court in the County of Los Angeles, California. 20. LIMITATION OF LIABILITY 20.1 ALSTOM and ALSTOM'S Affiliated Companies' aggregate liability for all claims of any kind, whether based on contract, warranty, tort (including negligence) strict liability or otherwise, for all losses or damages arising out of, connected with or resulting from this Contract, its performance or breach (including indemnity, warranty) shall not exceed the price of this Contract upon which such liability is based, with the exception of liquidated damages for failure to reach heat rate and output as set out in Section 5 of this Contract. For the purpose of this section, the liquidated damages shall be deemed to be distributed among the Equipment Supply Contracts pro rata to their respective contract value. The liquidated damages for heat rate and output allocated to each of the Equipment Supply Contracts shall be a claim under the "Limitation of Liability" section of the applicable Equipment Supply Contract. 20.2 EXCEPT FOR ANY LIQUIDATED DAMAGES SPECIFICALLY PROVIDED IN THIS CONTRACT, IN NO EVENT, WHETHER AS A RESULT OF BREACH OF CONTRACT, WARRANTY, INDEMNITY, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY OR OTHERWISE, SHALL VERNON, OR THEIR AFFILIATES, OR ALSTOM OR ALSTOM'S AFFILIATED COMPANIES BE LIABLE FOR INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO LOSS OF PROFITS OR REVENUE; LOSS OF DATA; LOSS OF USE OF EQUIPMENT; COST OF CAPITAL; COST OF SUBSTITUTE EQUIPMENT (EXCEPT 16 COST OF SUBSTITUTE EQUIPMENT REQUIRED TO BE OBTAINED DUE TO ALSTOM'S DEFAULT UNDER SECTION 8), SERVICES OR FACILITIES; DOWNTIME COSTS; COST OF REPLACEMENT STEAM OR ELECTRIC POWER OR CLAIMS OF THIRD PARTIES OR CUSTOMERS FOR SERVICE INTERRUPTIONS. IN WITNESS WHEREOF, the parties have caused this Contract to be executed by and through their authorized officers on the date, month and year first written above. ATTEST: Bruce V. Malkenhorst, City Clerk APPROVED AS TO FORM: Lam- --- '�.j � (1�1!� Eduardo Olivo, City Attorney WITNESS: Patricia F. Mire, Contracts Manager CITY OF VERNON By: Leonis C. Malburg, Mayor ALSTOM Power Inc. Industrial Turbines Allan W. Bartholomew, President 17 EXHIBIT 0 LSTOMProject: City of Vernon Sep, 2001 1412239-3-1X6 Performance and Coordination Scope of Services J.R.. / GPA Page 1 (6) Scope of Services LIST OF CONTENTS PAGE IGENERAL REMARKS...........................................................................................2 2 SCOPE OF SERVICES ......................................... ................................................................................2 2.1 Overall Combined Cycle Plant Performance............................................................................2 2.2 Coordinated ALSTOM Power Single Point Project Manager...................................................4 2.3 Postphoned delivery of the GTX100 gas turbines...................................................................... S Transport, storage and related insurances for temporary storage of the two GTX100 gas turbine packages, according to Section 4 of this contract............................................................................... S 3 PURCHASER'S OBLIGATIONS .....................................................................................5 3.1 Scope.......................................................................................................................................... S A:\1412239-3-1X6 Scope of Services.doc " LST�}� Project: City of Vernon Sep, 2001 1412239-3-1X6 Performance and Coordination Scope of Services J.R.. / GPA Page 2 (6) 1 General remarks This document covers the certain services to be provided by ALSTOM Power to City of Vernon under the Wrap Contract. Generally the services to be provided by ALSTOM, in addition to what is included in the Equipment Supply Contracts can be divided into three different categories; - Overall Combined Cycle Plant Performance - Engineering Support for Permitting - Co-ordinated ALSTOM Single Point Project Manager These are further outlined in detail as follows. 2 Scope of services 2.1 Overall Combined Cycle Plant Performance • Provide combined cycle heat & mass balances for the ALSTOM internal needs as well as according to what is required by and agreed upon with Vernon. Basically, the information is already given in conjunction with the permitting documentation, only minor additions and adjustment shall be needed. • Provide gas turbine, steam turbine and HRSG performance data according to ALSTOM internal needs as well as to what is required and agreed upon with Vernon. • Provide the engineering to ensure the proper interface of the gas turbine and the HRSG terminal point, and other ALSTOM can internal terminal points that may exist. m C • As required, provide correction curves for the combined cycle U- performance test m a • Participate in preparation, execution and evaluation of the combined cycle performance testing. The initial Performance co Tests to be conducted are the responsibility of VERNON. (D �O JA:\1412239-3-1X6 scope of Services.doc ca 1-h ALSTOM Project: City of Vernon Sep, 2001 1412239-3-1X6 Performance and Coordination Scope of Services J.R.. / GPA Page 3 (6) Alstom shall provide a draft procedure for the Performance Tests for ALSTOM's Scope of Work pursuant to ASME PTC 46. VERNON will prepare the Performance Tests for the balance of the Plant. VERNON and ALSTOM shall mutually agree on the final combined test procedure. (Regarding Performance Test, please refer to Section 5 of the Wrap Contract) 2.2 Engineering support for permitting ALSTOM will provide Vernon with engineering support for the permitting, including: • GTX100 emission and performance characteristics for start-up, normal operation, minimum load case as defined in heat balance 1412239-402X5, sheet 9 and shut -down • HRSG emission and performance characteristic for start-up, normal operation, minimum load case as defined in heat balance 1412239-402X5, sheet 9 and shut -down. • Steam turbine characteristics (as required) • Integrated combined cycle performance characteristics, (though limited to what is directly related to the ALSTOM Power supplied equipment) rn c 0 CL c LL m c d .a a> 3 m co c B 3 a 'mom c 0 JAA1412239-3-M Scope of Services.doc 11 ALSTOM Project: City of Vernon Sep, 2001 1412239-3-1X6 A Performance and Coordination Scope of Services J.R.. / GPA Page 4 (6) 2.3 Co-ordinated ALSTOM Single Point Project Manager (a) lead and co-ordinate the performance of the four ALSTOM Power Contracts and generally direct, monitor and expedite the activities of the parties in accordance with the' provisions of the individual Contracts; (b) prepare, issue, update on a monthly basis and monitor the execution of the general time schedule compiled from the individual time schedules of ALSTOM Power in compliance with the individual Contract Time Schedules; (c) co-ordinate the preparation, submission and negotiation of any variation or any amendment or supplement to the individual Contracts; (d) receive, issue, distribute and co-ordinate all communications with Vernon and obtain ALSTOM Power signatures for all related documentation requiring signature, in reliance on the individual contracts; (f) co-ordinate the preparation, . submission and negotiation of any notices, notifications or claims to Vernon in connection with the individual Contracts; (g) convene and keep records of meetings of Vernon and ALSTOM Power; (h) establish the format and co-ordinate the preparation and administration of all project procedures; (i) transmit to Vernon all invoices submitted by ALSTOM Power in accordance with the Contracts and distribute to the ALSTOM Power parties without delay all monies received from Vernon on account of such invoices, in accordance with the relevant project procedures. AA1412239-3-1X6 Scope of Senrices.doc 4. �. LSTO Project: City of Vernon Sep, 2001 1412239-3-1X6 Performance and Coordination Scope of Services J.R.. / GPA Page 5 (6) 2.4 Postponed delivery of the GTX100 gas turbines ALSTOM will take responsibility for the transportation, storage and related insurances for the temporary storage of the two GTX 100 gas turbine packages, according to Section 4 of this contract. The warranty period will be modified to correspond to the revised delivery schedule. 2.5 Engineering information ALSTOM will provide load restriction information on all external piping terminal points for the HRSGs and the STG 3 Purchaser's obligations 3.1 Scope The ALSTOM Power scope is limited to what is listed above. All. other equipment and services required for the complete plant will be the responsibility of the purchaser. The list below highlights some of the purchaser's obligations. The list includes, but is not limited to, the following: • Engineering, purchase and construction of all equipment not included in ALSTOM Power scope of supply, as defined in the Equipment Supply Contracts. • Layout, engineering and integration of the total power plant, including the ALSTOM Power equipment as defined in the Equipment Supply Contracts. • Site management, including planning of all site activities, during erection and commissioning period. ALSTOM Power will only provide Technical Advisory for each piece of equipment according to what is agreed upon in the Equipment Supply Contracts. 3 o • Overall coordinated (integrated) control system for the entire combined cycle plant. The C ALSTOM Power equipment is provided with local control exclusively according to u. what is included in the Equipment Supply Contracts. m a • Dynamic analysis of the plant, including start-up, stop, emergency shut -down, load changes and continous operation. ALSTOM takes responsibility only for the dynamic r �a .50 JA:\1412239-3-iX6 scope of Services.doc c .. 1Y c 0 0 3 A A/� ������ Project: City of Vernon. Sep, 2001 1412239-3-1X6 Performance and Coordination Scope of Services J.R.. / GPA Page 6 (6) characteristics of each major equipment, as included in the Equipment Supply Contracts. • Co-ordination with the Grid Utility during commissioning and test periods AA1412239-3-1X6 Scope of Services.doc A A EXHIBIT Wj ALSTOM Performance Guarantee Data Sep. 01 1412239-401X8 City of Vernon Edition 8 (std no) KAX100-2C / Pagel (5) Contents Page 1 Performance Guarantees...................................................................................2 1.1 Introduction...........................................................................................2 1.2 Set description......................................................................................2 1.3 Performance guarantee values...............................................................2 1.4 Conditions for performance guarantee values.......................................3 1.4.1 Ambient.....................................................................................3 1.4.2 Operational................................................................................3 1.4.3 Fuel specification......................................................................4 1.4.4 Standards...................................................................................4 1.5 Comparison of test result with performance guarantee value...............4 2 Appendices........................................................................................................5 v, c 0 a a� c u. co Q c m v co m 30 �p JC:\My Documents\Projects\City of Vemon\Rev proposal extension equip�Finai contract draft\1412239-401X8.doc 5Q j Ij ALSTOM Performance Guarantee Data Sep. 01 1412239-401X8 City of Vernon Edition 8 (std no) KAX100-2C / Page 2 (5) 1 Performance Guarantees 1.1 Introduction This document describes the thermal performance data given for the City of Vernon Combined Cycle Plant, based on two (2) ALSTOM Power GTX100 gas turbines. 1.2 Set description Gas Turbine 2 x ALSTOM Power GTX100 Combustion Chamber AEV Combustion chamber for natural gas Steam Turbine 1 x ALSTOM Power MP24 HRSG 2 HRSG units, including duct firing and SCR 1.3 Performance guarantee values Table 1. Guaranteed property Case 75 F with duct Grin Net electric output Pa kW 136 000 Net electric heatrate HR. Btu/kWh 7 065 kJ/kWh 7 455 Definitions Pia = P. ` P.x HR _ QF • 3600 (Pc — P..) P, Electric output measured at generator terminals (M) Paux = Auxiliary power for equipment in Alstom Power's scope of supply, which is continuously in operation to run the plant at steady state condition (M). QF =Fired heat in GT's and HRSG's duct burners based on heat content (LHV) (kJ/s) CAMy DocumentsTrojects\City of Vemon\Rev proposal extension equip\Finaf contract draft\1412239-40M.doc n ALSTOM Performance Guarantee Data Sep. 01 1412239-401X8 City of Vernon Edition 8 (Std no) KAX100-2C / Page 3 (5) 1.4 Conditions for performance guarantee values The guarantee values will be reached under the following reference conditions. The measured result from the acceptance test must be corrected to these conditions. 1.4.1 Ambient Ambient temperature (design) OF 75 Elevation ft 182.32 Ambient pressure (design) psia 14.60 Relative air humidity % 50 1.4.2 Operational Power load % 100 Frequency Hz 60 Power factor' 0.90 Generator voltage kV 13.8 Fuel See 1.4.3 Minimum fuel pressure psia 392 Evaporative cooling water flow lb/s 1.5 + blow down Max pressure drop HP steam to STpsi 40 Max pressure drop LP steam to ST psi 4.6 Condenser pressure "Hg 3.485 Condensate pressure psia 100 Condensate temperature OF 120 Gas turbine, air filters and BRSG shall be in new and clean condition - Evaporative cooler in operation - Water for the evaporative cooler shall have a quality according to specification X220441E o - The plant shall be operated in continuous steady state load - Performance test to be conducted not later than three months after first synchronisation - Properties of water and steam in SI-units, Springer Verlag is used as water/steam 2 table ti m a C m �n3 At generator terminals. Calculated by adding reactive and active power to for all generators. � ! Additional water needed to maintain water chemistry. Depends on the water chemistry of the city water. cO JCAMy DocumentsTrojects\City of vemon\Rev proposal extension equiffinal contract draft\1412239-401XB.doc c a /'/ Performance Guarantee Data Sep. 01 1412239-401X8 ALST)M City of Vernon Edition 8 (std no) KAX100-2C / Page 4 (5) Max pressure drop for steam ST refers to the pressure drop in piping between HRSG and ST, i.e. from delivery limit to delivery limit. 1.4.3 Fuel specification Fuel Component Formula Composition Component (Weight-%.) Methane CH4 95.52 95.836 Ethane C2H6 2.10 2.107 Propane C3H8 0.00 0.000 I -Butane I-C4Hlo 0.04 0.040 N-Butane N-C4Hlo 0.06 0.060 I -Pentane I-05H12 0.01 0.010 N-Pentane N-05H12 0.01 0.010 Hexane C6H14 0.02 0.020 Carbon Dioxide CO2 1.25 1.254 Nitrogen N2 0.66 0.662 Total 99.67 100.00 Heat content 49 011 kJ/kg (LHV) 21071 Btu/lb (LHV) LHV = Lower Heating Value3 The fuels must fulfil the requirements in ALSTOM Power fuel specifications "GTX100 Gaseous Fuels, Survey and Requirements" GTI X241010E Edition 2. The determination of the lower heating value for liquid fuel is based on ASTM D 4868-90. 1.4.4 Standards' The performance test of the plant will in general be based on the following standards: Combined cycle PTC 46 m 1.5 Comparison of test result with performance guarantee value Measured values must be corrected for site conditions deviating from the reference conditions. Measured values will be corrected with. correction curves and equations to the guarantee m conditions according to the correction procedure. a s The determination of the lower heating value is based on ISO 6976:1995 "Natural gas - Calculation of 3 calorific values, density, relative density and Wobbe index from composition". Reference values for LHV is for combustion 25 °C, for metering 1.01325 bara/ 0 °C and valid for dry gas. ►.-- (L a2 .r 0 VS J C:\My Documents\Projects\City of Vemon\Rev proposal extension equip\Final contract draft\1412239 401X8.doc cQ ALSTOM Performance Guarantee Data Sep. 01 1412239-401X8 City of Vernon Edition 8 (std no) KAX100-2C / Page 5 (5) The guarantee for power output is considered fulfilled when the guaranteed value is exceeded by the corrected value considering the determined test uncertainty of the corrected test result. The guarantee for heat rate is considered fulfilled when the guaranteed value is higher than the corrected value considering the determined test uncertainty of the corrected test result. The procedure to determine the test uncertainties must be agreed upon. Pnetcorr x ( 1+ YP ) > Pguar HRnetcorr x ( 1— Yd "' HRguar Pnetcorr = Corrected measured net power output Hrnetcorr = Corrected measured net heat rate Pguar = Guaranteed power output HRguaz. = Guaranteed heat rate YP = Determined test uncertainty power output Yn = Determined test uncertainty heat rate 2 Appendices Plant heat balances with nominal performance can be found in 1412239-402X5. The following cases are included: • 75 OF, maximum duct firing (guarantee case with nominal performance) • 75 OF, moderate duct firing (used as design case for condenser) • 75 OF, maximum duct firing without adjusting power factor between Grs and ST • 75 OF, no duct firing 9 92 OF, no duct firing • 92 OF, maximum duct firing a • 38 OF, no duct firing co • 38 OF, maximum duct firing U. a • 75 OF, 1 gas turbine in operation at 60 % load lm A summary of Predicted Vendor Data can be found in 1412239-403X1. :3a a2 •r o JCAMy DocumentsTrojectACity of vemon\Rev proposal extension equipTinai contract draft\1412239-401X8.doc /N P� A LSTOM Predicted Vendor Data Oct. 2001 1412239-403X 1 City of Vernon Edition 1 KAX100-2C / Paged (3) CITY OF VERNON MALBURG GENERATING STATION PROJECT SUMMARY OF PREDICTED VENDOR DATA The following information is the required predicted Vendor Data 1-11nr /Orvd"irTnrn ♦i C'TllAif 1Dn1XTV1D Performance Predicted performance at guarantee point Max Fire Low Fire Max Amb. Min Amb. Min System Load, 1*CTG at 60 % load Dry Bulb Temperature, °F 75 75 92 38 75 Wet Bulb Temperature, °F 62 62 73 33 62 Air Inlet After Evaporative Cooler, °F 64 64 76 38 64 CTG evaporator water flow lb/hr 2400 2400 3600 0 1700 Alstom Predicted Flows, lb/hr 1,004,050 1,004,050 977,000 1054,000 700,000 CGT Exhaust Temperature, F 1024 1024 1032 1009 1112 Gross CTG Generation MW, both 84.33 84.33 80.68 90.63 25.30 Gross STG Generation MW 55.04 41.71 49.95 39.86 15.00 Total Gross Generation 139.40 126.04 130.63 130.49 40.3 Alstom Aux Power MW 1.280 1.07 1.14 1.06 0.56 CTG Fuel Flow MBtu/hr total; LHV 810 810 785 857 287 CTG Power Factor 0.85 0.9 0.9 0.9 0.9 CTG Mva 99.2 93.7 89.6 100.7 28.11 CGT Exhaust Analysis, % vol. Nitrogen & Argon 75.0 75.0 74.4 76.07 75.0 Oxygen 13.25 13.25 13.15 13.44 13.13 Carbon Dioxide 3.371 3.371 3.347 3.418 3.42 Water 8.40 8.40 9.09 7.07 8.50 CGT Exhaust Constituents, lb/hr, CTG NOx as NO2 35.8 35.8 34.7 37.9 28.9 CO 5.9 5.9 5.8 6.3 4.2 VOC 0.7 0.7 0.7 0.7 0.5 PM 10 2.5 2.5 2.5 2.5 2.5 V ra.asaaa a ua vaaav Throttle flow, uncontrolled 390,000 279,300 346,000 264,000 105,900 Steam poessure 1291 943 1161 893 595 Steam Temperature 944 967 968 968 970 Admission Steam flow, Uncontrolled Admission Stearn press 33,100 149 46,400 117 36,800 137 50,900 113 16,100 44 Admission Steam Temp 396 381 390 379 324 Condenser Exhaust Pressure, " H 3.48 2.5 3.6 2.36 1.12 Steam Exhaust Temperature, 120 109 122 107 82 1 The min. steam turbine load is approx. 15 % of full load, i.e. approx. 8 MW. A LSTC M Predicted Vendor Data Oct. 2001 1412239-403X 1 City of Vernon Edition 1 KAX100-2C / Page 2 (3) Condensate outlet flow, lb/hr 424,000 325,700 382,800 314,900 122,000 Heat Rejection 2, Btu/lb 985.0 994.0 994.1 995.0 1003 Condenser Heat Duty, MBtu/hr 380 299 346 290 116 STG Power Factor 0.95 0.9 0.9 0.9 0.9 STG Mva 157.9 46.3 1 55.5 144.3 1 16.7 IT'D c9"- A JLA%X7 V Performance Predicted Max Min Min performance Low Fire Amb. Amb. System at guarantee Load, point 1 *CTG at Max Fire 60 % load Steam Conditions leaving Each HRSG HP Steam Conditions Flow, lb/hr 195,200 139,600 173,000 132,000 105,900 Design Flow, lb/hr N/A NIA N/A N/A NIA Pressure, psia 1331 977 1197 921 595 Maximum Design Pressure, MAWP Sl 3 Temperature, F 946 969 970 970 970 Maximum Design Temperature' IP Steam Conditions Flow, lb/hr, total 17,150 23,220 18,530 25,450 16,900 Design Flow, lb/hr N/A N/A N/A N/A N/A Pressure, psia 154 121 141 117 45 Maximum Design Pressure, psi Temperature, F 390 382 392 380 324 Maximum Design Temperature Deaerator Heating Water Flow, 79,400 65,200 79,370 61,320 39,680 lb/hr, (common DA) Pressure, psia 17.5 17.5 17.5 17.5 17.5 Temperature, OF 221 221 221 221 221 HRSG Blowdown Rate, % 0 0 0 0 0 Feedwater to DA lb/hr 423,500 325,700 382,800 314,900 122,000 Feedwater temp to DA, T 120 109 122 107 82 Feedwater to each HRSG IP/HP 252,000 195.500 231,200 188,100- 162,600 Gas Side Pressure Loss, in. w . 13 12.4 12.2 13.6 5.8 Stack Gas Temperature, F, (estimated) 213 224 217 228 186 Estimated Duct Fuel Flow, Mbtu/hr 73.3 11.3 51.1 0 0 each 2 We understand that this is the enthalpy at the steam turbine outlet. 3 Not available today. Deliverable week 8 after contract. A LSTOM Predicted Vendor Data Oct. 2001 1412239403X1 City of Vernon Edition 1 KAX100-2C / Page 3 (3) Total Fuel Flow, MBtu/hr 956 833 887 857 287 Total HRSG STACK Emissions lb/hr NOx as NO2 7.7 6.7 7.1 6.9 2.3 CO 4.7 4.0 4.3 4.2 1.4 VOC 1 1.6 1.3 1.5 1 1.5 0.5 PM10 12 12 12 1 12 6 . m$ n. � _ § � % cl§ � � - ■ . , �\§ -tea 00 �� §k� EE . C_E � 1M o }■ CL-■ ioml 2 . ! a -- � ) n ||I �-I -■ �o� - §� !$ ■ § � k. m Ix m t0 olDa� R ago a«�E� 8NR •. a a« E � � go� r v f«� E 00 b o g R a« E 20 # E 0 2 -1 9" I ' m\ k� ( $§ . £ �. 7�) a —ems,■ 0 . §§§ \2■ sx—E&® 4m §E . E § '®Q .. 2 �—� —■ ||I _ .§� | | �_ 06_j .lmkU CL to n ic Fzi W m% Vic CL §. - --- -� Lp CtG �k § -■ C%l . �� ■ t � � .� k ^ ao� Qa )� •| | |!� |�_ t§d�� a_■� ... SL-§ � | � �k k.2 t e�� )E o CL2 x�) 0 % U. m ■Ake k 2 `|a a Iki p I w 2$ kB § . @.� G §R-§ m-■ �Lo§ 2. }m(-�Ejo ,$ tEm E a_E §_ F a E k a_E § - -- . -� 7k( §k § e I-� -■ ...L2 �■I i r� r- Q _B ios , ^ a_■ / CL . 2 k Iki m2 kk § �§ � g . � &k-EE,§ \§§ \_} � a_■e � § 4 ll� § 2 � t A Lab C4 Cl q ci v ) ||A !-� -E k» . a »■ 06 ƒ 2 w.� 2_® k 2 § CL �-■ / ��. F § § eo4l 8§2\30 § e-|oa§dE�e�o .. � ! . § R� $ °|■I |-� \U.k � )/cc # Mom|■ §o ||tfge |� $0 i E ! � I = 2, in O O =cr � �ooicinro N �O NO N O pp - C O O V r� aOO,. OOi r O $aO►.:vin�o p pp Q N ^ p— E c r Y ' N � ?� E n �nD E « E 20 dt a.- E N r S €s ca to Op fO 14 n�t NN QY O O C p p q `o `o c c � � � I 'r-z.aaa'Fes�z� �o N C a r r SO «E O E w LL b x � tp0 l7 °° E c NC%l a« E E q U. Of Of Y 1 fir{ ICI a«Eta w poi pnp,h yo p� V W E Q a'2 Ol N N a « E t IL E Z5d 3 • O p �l +'• A n � O, a1 10 �p '7 13UY" ('jO Pw Eau 4 m o � m � «oosA#RS e . ° 0CCIR . j. a u! C; gok § 60In�-o ) 8400 k ` kxc)z0 \�$ CL-�`, ^ » §22 � 2 �■ a-■ .�- <G� �(. �® .. -■ §1Mk a-■ S 33 2§ifa to to 25 2Rkd 00 a�cci$ ,%-- . oos,�. zz0.'00 1 u EXHIBIT DRAFT FORM OF IRREVOCABLE LETTER OF CREDIT (To be typed on Bank Letterhead) City of Vernon 4305 Santa Fe Avenue Vernon, California 90058 We hereby issue in your favor this Irrevocable Standby Letter of Credit United States Dollars, which ($ is available by payment against your written demand, addressed to Citibank, in care of our servicer, Citicorp North America, Inc., 3800 Citibank Center, Bldg. F, 18` floor, attn: Standby Letter of Credit Dept., Tampa, Florida 33610, bearing the clause "Drawn under Standby Letter of Credit Number# issued by Citibank. Any written demand for payment must be accompanied by your dated certificate, signed by an authorized officer of the City of Vernon ("City"), stating that the City has the right to make demand for payment in accordance with the contract dated between Alstom Power, Inc. ("ALLSTOM" and the City regarding the City of Vernon Power Plant Station A, and that ALSTOM is in default of its obligations under the Contract, that demand has been made by the City to Alstom to fulfill its obligations and Alstom has failed to correct such default within 10 days from the date such notice was delivered to Alstom. We shall then honor your demand without inquiring whether you have the right as between you and our Customer, ALSTOM, to make such demand and without acknowledging any claim of our Customer, ALSTOM. This Letter of Credit will continue to (Date,_ and will expire on that date and you may call for payment of the full outstanding amount under this Letter of Credit at any time up to the close of business on that date. It is a condition of this Letter of Credit that it shall be deemed to be automatically extended for one year from the present or any future expiration date hereof, unless at least ninety (90) days prior to any such date, we shall notify you in writing by Registered Mail that we elect not to consider this Letter of Credit renewed for any such additional period. In the event of a notification of non -renewal, the City may demand the full or any portion of this credit provided the Customer, ALSTOM, has not provided the City with full alternate financial assurance satisfactory to the City at least 10 days prior to the expiration of this Letter of Credit. It is understood that the amount of this credit may reduced from time to time as ALSTOM'S obligations pursuant to the aforementioned Agreement are discharged, such reduction shall be effected upon receipt of your written notice delivered to this office. Written demands for the full amount or any portion or portions thereof must be presented to us along with this original Credit Instrument. This Letter of.Credit is subject to and governed by the laws of the State of California, except rCalifomia's choice of law rules. A 5.2 The initial Performance Tests to be conducted are the responsibility of VERNON. The Performance Test shall be conducted as soon as possible after the last completed Stability Test as required by the individual Equipment Supply Contracts. If the Plant fails to satisfy any of the guarantees as specified in Section 1.3 of Appendix "2", ALSTOM at its sole cost and expense shall promptly commence corrective measures to remedy such defects or deficiencies in the equipment supplied by ALSTOM pursuant to the individual Equipment Supply Contracts and rerun the Performance Tests. If ALSTOM fails to meet the guarantees, then ALSTOM shall be given at least five opportunities at mutually agreeable times within ninety (90) days after completion of the Performance Tests, at ALSTOM's sole cost and expense, to commence and complete corrective measures to remedy its failure to meet the guaranteed output and guaranteed heat rate in Appendix 2 with the Plant and rerun the Performance Tests; or pay liquidated damages provided for in this Section. If ALSTOM fails to meet the guarantees and demonstrates a level of electrical output representing less then 95% of the guarantee value level or a level of heat rate representing more then 105% of the guarantee value then ALSTOM shall, if requested by VERNON, make a good faith effort, on at least five agreeable times, for a period of 180 days after completion of the Performance Tests, at ALSTOM's sole cost and expense, to commence and complete corrective measures to remedy its failure to meet the guaranteed output and guaranteed heat rate with the Plant and rerun the Performance Tests. ALSTOM agrees to schedule its corrective measures to meet guaranteed performance as VERNON's dispatch schedule dictates. VERNON agrees to work with ALSTOM to schedule the length of outages required by ALSTOM for corrective measures and in order to rerun the Performance Tests. Nothing in this paragraph shall modify ALSTOM's obligation of meeting the guarantees specified in this Section. If, after taking the measures set forth above, ALSTOM is unable to remedy its failure, to meet the guaranteed output and guaranteed heat rate as set out in Appendix 2, ALSTOM shall be required to pay the liquidated damages provided for in this Section. Q SUPPORTING DOCUMENTS CITY COUNCIL LEONIS C. MALBURG Mayor THOMAS A. YBARRA Mayor Pro-Tem WM. "BILL" DAVIS Councilman H. "LARRY" GONZALES Councilman W. MICHAEL MCCORMICK Councilman BRUCE V. MALKENHORST City Administrator / City Clerk FAX (323) 826-1438 CITY HALL 4305 SANTA FE AVENUE, VERNON, CALIFORNIA 90058 TELEPHONE (323) 583-8811 December 3, 2001 Alstom Power Inc. Attn: Patricia F. Mire, Contracts Manager 10730 Telge Road Houston, TX 77095 Re: HRSG, Steam Turbine, and WRAP Contracts Dear Ms. Mire: EDUARDO OLIVO City Attorney FAX: (562) 927-8722 KEVIN WILSON Director of Community Services & Water FAX: (323) 826-1435 KENNETH J. DeDARIO Director of Municipal Utilities FAX: (323) 826-1425 STEVEN E. PARKER Fire Chief FAX: (323) 826-1407 BRUCE W. OLSON Police Chief FAX: (323)826-1481 The insurance requirement has been met. Transmitted herewith is a duplicate original copy of each one of the above referenced contracts approved by the Vernon City Council on November 7, 2001. If you have any questions regarding this matter, please call Mr. Kenneth DeDario at 323/583-8811 ext. 211. Very truly yours, CITY OF VERNON *rioria J. Or co Chief Deputy City Clerk GJO:ng CC: Kenneth DeDario Resolution Nos. 7865, 7866, Agreement File Nos. 01-074, 01-075, 01-073