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RESOLUTION NO. 2000-22 <br />RESOLUTION OF THE SOUTHERN CALIFORNIA PUBLIC POWER <br />AUTHORITY AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE AN <br />AGREEMENT FOR FINANCIAL AND ADMINISTRATIVE SERVICES WITH <br />GREG LEDDY <br />AND PROVIDING FOR AN ADDITIONAL CONTRIBUTION TO THE <br />AUTHORITY'S REVOLVING GENERAL FUND, AND TAKING CERTAIN <br />RELATED ACTION <br />(RESTRUCTURING) <br />WHEREAS, the Southern California Public Power Authority (the <br />Authority) owns interests in various generation and transmission projects, the <br />output of which has been sold to members of the Authority; <br />WHEREAS, the electric utility industry is being restructured so that <br />the providers of electricity will be in competition with each other; <br />WHEREAS, such restructuring has resulted in many changes in the <br />electric utility industry which may affect the Authority generation and transmission <br />projects, and which require Authority members to change the way they manage <br />their resources; <br />WHEREAS, certain of the Authority members have a need to retain <br />consultants to develop and support financial and administrative activities; <br />WHEREAS, the Authority is willing and able to retain Greg Leddy <br />and to bill all expenses and costs of retaining such consultant to the member <br />receiving service (Anaheim). <br />WHEREAS, the Board of Directors of the Southern California Public <br />Power Authority (the "Authority"), in its Resolution No. 1990-1 5, established a <br />revolving general fund (the "General Fund") for the payment of costs and <br />expenses incurred by the Authority from time to time in carrying out its purposes; <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 <br />Fund;