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[Project Vote] <br />RESOLUTION NO. 2004-5 <br />RESOLUTION AS TO THE PROVISION OF CERTAIN <br />CONTINUING DISCLOSURE INFORMATION WITH <br />RESPECT TO MEAD-PHOENIX PROJECT REVENUE <br />BONDS, 2004 SERIES A <br />WHEREAS the Board of Directors of the Southern California Public Power Authority, a political <br />subdivision of the State of California ("SCPPA"), has authorized the issuance of SCPPA's Mead-Phoenix <br />Project Rcvenue Bonds, 2004 Series A (the "2004 Bonds") and has authorized the execution by SCPPA <br />of the Indenture of Trust from SCPPA to U.S. Bank National Association, as trustee (the "Indenture"), <br />relating to the 2004 Bonds; and <br />WHEREAS, the Board of Directors of SCPPA hereby finds and determines that it is necessary, in <br />connection with the authorization and sale of the 2004 Bonds, that SCPPA adopt this resolution in order <br />to assist the Participating Underwriter (such tenn, and all other capitalized tenns used herein without <br />definition, having the respective meanings assigned thereto in Section 1 hereof) in complying with the <br />Rule; <br />BE IT RESOLVED by the Board of Directors of SCPPA as follows: <br />I. Definitions. In addition to the definitions set forth in the Indenture, which apply to my <br />capitalized term used in this Disclosure Resolution unless otherwise defined in this Disclosure <br />Resolution, the following capitalized terms 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 recent <br />fiscal year, prepared in accordance with generally accepted accounting principles as promulgated <br />to apply to governmental entities from time to time (or such other accounting principles as may <br />be applicable to SCPPA in the future pursuant to applicable law); <br />(ii) with respect to LADWP (as defined in Section 2(b) hereof), the audited financial <br />statements of LADWP's Electric System for its most recent fiscal year, prepared in accordance <br />with generally accepted accour~ling principles as promulgated to apply to governmcrltal entities <br />and public utjlities, as appropriate, from time to time (or such other accounting principles as may <br />be applicable to LADWP in the future pursuant to applicable law); <br />(iii) with respect to Anaheim (as defined in Section 2(b) hereof), the audited financial <br />statements of Anaheim's Electric Syste~n for its most recent fiscal year, prepared in accordance <br />with generally accepted accounting principles as promulgated to apply to governmental entities <br />from tirne to time (or such other accounting principles as may be applicable to Anaheim in the <br />future pursuant to applicable law); <br />45419302.3 (MP CD Kesnl.)