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[Project Vote: Burbank, LA and Pasadena] <br />RESOLUTION NO. 2009-139 <br />RESOLUTION AS TO THE PROVISION OF CERTAIN <br />CONTINUING DISCLOSURE INFORMATION WITH <br />RESPECT TO MILFORD WIND CORRIDOR PHASE I <br />PROJECT, REVENUE BONDS, 2010-1 <br />WHEREAS, the Board of Directors of the Southern California Public Power Authority, a <br />political subdivision of the State of California ("SCPPA"), has authorized the issuance of <br />SCPPA's Milford Wind Corridor Phase I Project, Revenue Bonds, 2010-1 (the "Bonds") and has <br />authorized the execution of the Indenture of Trust, dated as of January 1, 2010, from SCPPA to <br />U.S. Bank National Association, as trustee (as supplemented, the "Indenture"), relating to the <br />Bonds; and <br />WHEREAS, the Board of Directors of SCPPA hereby finds and determines that it is <br />necessary, in connection with the authorization and sale of the Bonds, that SCPPA adopt this <br />resolution in order to assist the Participating Underwriter (such term, and all other capitalized <br />terns used herein without definition, having the respective meanings assigned thereto in Section <br />1 hereof) in complying with the Rule; <br />NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of SCPPA as <br />follows: <br />1. Definitions. In addition to the definitions set forth in the Indenture, which apply <br />to any capitalized term used in this Disclosure Resolution unless otherwise defined in this <br />Disclosure Resolution, the following capitalized terns shall have the following meanings: <br />"Annual Report" shall mean any Annual Report provided by SCPPA pursuant to, and as <br />described in, Sections 3 and 4 of this Disclosure Resolution. <br />"Audited Financial Statements" shall mean: <br />(i) with respect to SCPPA, SCPPA's audited financial statements for its most <br />recent fiscal year, prepared in accordance with generally accepted accounting principles <br />as promulgated to apply to governmental entities from time to time (or such other <br />accounting principles as may be applicable to SCPPA in the future pursuant to applicable <br />law); and <br />(ii) with respect to LADWP (as defined in Section 2(b) hereof), the audited <br />financial statements of LADWP's Power System for its most recent fiscal year, prepared <br />in accordance with generally accepted accounting principles as promulgated to apply to <br />governmental entities and public utilities, as appropriate, from time to time (or such other <br />accounting principles as may be applicable to LADWP in the future pursuant to <br />applicable law). <br />