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RESOLUTION NO. 2011-017 <br />RESOLUTION OF THE SOUTHERN CALIFORNIA PUBLIC <br />POWER AUTHORITY AUTHORIZING THE EXECUTIVE <br />DIRECTOR TO EXECUTE AN AGREEMENT WITH <br />PLATTS, A DIVISION OF THE MCGRAW HILL <br />COMPANIES, INC. ("PLATTS"), AND PROVIDING FOR <br />ADDITIONAL CONTRIBUTIONS TO THE AUTHORITY'S <br />REVOLVING GENERAL FUND, AND TAKING CERTAIN <br />RELATED ACTION (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, certain SCPPA member utilities ("Participants") are engaged <br />in the generation, transmission, and distribution of electrical energy to retail customers, <br />including assisting such customers with the efficient use of said energy; and <br />WHEREAS, short-term and long-term energy market forecasts are <br />necessary for establishing the viability of existing and future SCPPA projects; and <br />WHEREAS, certain Members have a need for power market software <br />subscriptions and advisory services in formulating their respective resource plans, and a <br />need for on-site education and training solutions relating to energy, commodity and <br />derivatives markets and related professional development services ("Services"); and <br />WHEREAS, the Authority is willing and able to (i) contract with Platts, a <br />division of the McGraw Hill Companies, Inc. to provide power market software and <br />services to certain Members and (ii) bill all expenses and costs of retaining Platts to the <br />Members receiving said service; <br />WHEREAS, the Board of Directors of Authority, in its Resolution <br />No. 1990-15, established a revolving general fund (the General Fund) for the payment <br />of costs and expenses incurred by the Authority from time to time in carrying out its <br />purposes; and <br />WHEREAS, the Board of Directors of the Authority, in its Resolution <br />No. 1992-1, provided for the continuation of the General Fund and established a <br />procedure to be followed with respect to additional contributions to the General Fund; <br />and <br />WHEREAS, the Board of Directors of the Authority, in its Resolution <br />No. 1995-2, provided for a separate bank account (the Joint Planning Account) to hold <br />and disburse the additional contributions to the General Fund with respect to joint <br />planning matters; and <br />