Board Meeting Materials
2000 - 2009
4/19/2017 4:10:08 PM
4/19/2017 4:10:05 PM
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
All rights reserved.
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Download electronic document
View plain text
forth therein, in a plan to effect the procurement and transportation of natural gas to fuel <br />certain of their respective generation facilities as described in that agreement. The <br />Natural Gas Project Development Agreement provided for certain development work to <br />be undertaken to determine the feasibility and estimated cost of the Project, the <br />obtaining of developmental studies, surveys, permits, licenses, approvals, cost <br />estimates, and acquisition schedules, and the undertaking of other actions deemed <br />necessary or desirable to securing regulatory approvals and meeting environmental <br />requirements. The Natural Gas Project Development Agreement also provided for the <br />potential acquisition of such assets as necessary to facilitate the timely and cost- <br />effective acquisition and operation of the project and the provision of advisory and <br />consulting services related to the Project. The Natural Gas Project Development <br />Agreement also specified the respective rights, shares and obligations of the parties to <br />that agreement; and <br />WHEREAS, SCPPA desires to proceed with the Project; and <br />WHEREAS, certain SCPPA members have the need for stable long term natural <br />gas supplies to provide fuel to new and existing generation facilities and to assist in <br />meeting future fuel needs and, as such, has determined that it is desirable to enter into <br />Gas Sales Agreements to purchase gas of the Project from SCPPA.; and <br />WHEREAS, SCPPA will take or cause to be taken all steps necessary to secure <br />such governmental permits, licenses and approvals as are necessary for, and will then <br />proceed as appropriate with, financing, acquisition, operation and maintenance of those <br />facilities herein described and designated as the Project for the supply of Gas to <br />Purchaser, and to other Participants contracting with SCPPA therefore pursuant to the <br />terms and conditions of their agreements with SCPPA, and will sell the excess Gas <br />pursuant to this Agreement and similar Gas Sales Agreements to the extent that such <br />sales do not contravene The Indentures: and <br />WHEREAS, Certain Participants consisting of the Cities of Anaheim, Burbank. <br />and Colton, sometimes referred to herein as the Project A Participants, desire to finance <br />their share of the capital required for acquiring, financing, and developing their share of <br />the Project through the issuance by SCPPA of Debt in the form of Bonds, Notes, <br />Commercial Paper, Certificates of Participation or other evidence of indebtedness. <br />Such Project A Participants shall be solely responsible for their associated Debt <br />obligations. Certain other Participants consisting of the Cities of Glendale and <br />Pasadena, sometimes referred to herein as the Project B Participants, desire to pay for <br />their share of the capital required for acquiring, developing and improving their share of <br />the Project through prepaid contributed capital, which shall be due and payable to <br />SCPPA contemporaneously with the receipt of the proceeds from the Debt issued by <br />SCPPA pertaining to the Project A Participants; and <br />WHEREAS, On behalf of the Project A Participants, SCPPA intends to finance <br />the costs of acquiring, financing, and developing the Project, in the Project's early years, <br />through the issuance of Southern California Public Power Authority Natural Gas Project <br />Revenue Bonds, Project A Draw Down Series 2004 and in the Project's later years, <br />through the issuance of Southern California Public Power Authority Natural Gas Project
The URL can be used to link to this page
Your browser does not support the video tag.