Board Meeting Materials
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RESOLUTION NO. 2013-064 <br />RESOLUTION OF THE SOUTHERN CALIFORNIA PUBLIC <br />POWER AUTHORITY PROVIDING FOR AN ADDITIONAL <br />CONTRIBUTION TO THE AUTHORITY'S REVOLVING <br />GENERAL FUND, AND TAKING CERTAIN RELATED ACTION <br />(RESTRUCTURING) (APPA) <br />WHEREAS, the Board of Directors of the Southern California Public Power <br />Authority (the "Authority"), in its Resolution No. 1990-15, established a revolving general fund <br />(the "General Fund") for the payment of costs and expenses incurred by the Authority from time <br />to time in carrying out its purposes; <br />WHEREAS, the Board of Directors of the Authority, in its Resolution No. 1992-1, <br />provided for the continuation of the General Fund and established a procedure to be followed <br />with respect to additional contributions to the General Fund; <br />WHEREAS, the Board of Directors of the Authority, in its Resolution No. 1995-2, <br />provided for a separate bank account (the Joint Planning Account) to hold and disburse the <br />additional contributions to the General Fund with respect to joint planning matters; <br />WHEREAS, the Board of Directors of the Authority, in its Resolution <br />No. 1995-13, changed the name of the Joint Planning Account to the Restructuring Account; <br />WHEREAS, the Board of Directors of the Authority wishes to provide for an <br />additional contribution to the General Fund, and Members of the Authority are willing to make <br />such additional contribution. <br />BE IT RESOLVED by the Board of Directors as follows: <br />1. The Board of Directors hereby provides for an additional contribution to the General Fund. <br />Such additional contribution, <br />(a) shall be solely for the purpose of paying the annual dues to the American Public Power <br />Association on behalf of the Members of SCPPA, and pending application for such <br />purpose the contribution shall not be expended to pay costs or expenses properly <br />allocable to one or more projects as provided in Section 3 of Resolution No. 1992-1; <br />(b) shall be in the aggregate amount of $585,269.89 with the portion thereof to be <br />contributed by each Member to be the amount set forth with respect to it on Exhibit A to <br />this Resolution; <br />(c) shall be billed and collected by adding to the Authority's October 2013 Hoover Uprating <br />Project billing to Anaheim, the Authority's Magnolia Power Project billing to Cerritos, and <br />the Authority's October 2013 Palo Verde Project billing to each other Member, the <br />amount set forth with respect to each of them in Exhibit A to this Resolution, with such <br />amount designated as "Resolution No. 2013-064 Charge." <br />
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