Board Meeting Materials
2010 - 2019
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RESOLUTION NO. 2013-004 <br />RESOLUTION OF -THE -SOUTHERN -CALIFORNIA PUBLIC <br />POWER AUTHORITY AMENDING RESOLUTION NO. <br />2013-002 TO AUTHORIZE THE EXECUTIVE DIRECTOR <br />TO ESTABLISH AND IMPLEMENT AN ALTERNATIVE <br />METHOD FOR ALLOCATING AMONG MEMBERS THE <br />COST OF MARKET FORECAST SERVICES PROVIDED <br />BY BLACK & VEATCH CORPORATION UNDER THE <br />AGREEMENT APPROVED BY THE AFORESAID <br />RESOLUTION (RESTRUCTURING). <br />WHEREAS, the Southern California Public Power Authority ("the Authority") <br />owns interests in various generation and transmission projects, the output of which has <br />been sold to Members of the Authority (Members); and <br />WHEREAS, at a regular meeting of the Board of Directors of the Authority held <br />January 17, 2013, the Board adopted Resolution No. 2013-002 approving an <br />Agreement ("the Agreement") with Black and Veatch Corporation ("B&V") for quarterly <br />presentations on California's power and fuel market conditions, renewable energy <br />issues, regulatory issues, and other issues relevant to resource planning and renewable <br />resource procurement decisions ("Market Forecast Services"); and <br />WHEREAS, Resolution No. 2013-002 provides in part that Members shall be <br />charged according to the Market Forecast Services each receives from B&V; and <br />WHEREAS, because Market Forecast Services under the Agreement will be <br />provided to all participating Members as a group rather than on an individual basis, it is <br />appropriate that the billing process provided for in Resolution No. 2013-002 be <br />supplemented to authorize the Executive Director to utilize a formula to allocate costs <br />among Members for such Market Forecast Services; and <br />WHEREAS, it is expected that the cost of Market Forecast Services will be <br />$11,500 per quarter, or $46,000 annually, and that B&V will submit its invoices on a <br />quarterly basis. <br />NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the <br />Authority as follows: <br />1. Notwithstanding anything to the contrary in Resolution No. 2013-002, <br />where the Executive Director determines that Market Forecast Services under the <br />Agreement have been provided to all participating Members as a group as reflected in <br />B&V's quarterly invoices, he shall allocate the cost thereof among Members according <br />to the following chart: <br />
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