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[Roll Call Vote] <br />RESOLUTION NO. 2000-3 1 <br />RESOLUTION OF T BOARD OF DIRECTORS OF SOUTHERN <br />CALIFORNIA PUBLIC POWER AUTHORITY AUTHORLZING (1)TME <br />EXECUTION AND DELIVERY OF A SUPPLEMENTAL. INDENTURE OF <br />TRUST AMENDING T SENIOR LEN INDENTURE OF TRUST <br />RELATING TO THE SOUTHERN TRANSMISSION SYSTEM PROJECT, <br />(11) TEE DISTRIBUTION TO BONDOWNERS OF MATERIALS SEEKING <br />THEIR CONSENT TO THE AMENDMENTS SET FORTH IN SUCH <br />SUPPLEMENTAL INDENTURE OF TRUST, (1II)THE SALE OF <br />INVESTMENT SECURITIES IN THE DEBT SERVICE RESERVE ACCOUNT <br />OF SUCH SENIOR LIEN INDENTURE OF TRUST AND (1V)THE <br />OFFICERS OF THE AUTHORITY TO DO ALL THINGS DEEMED <br />NECESSARY OR DESIRABLE <br />WHEREAS, on July 20, 2000, the Board of Directors of the Southern California <br />Public Power Authority (the "Authority") authorized, among other things, the preparation of <br />certain documents and the taking of certain actions necessary or desirable for (i) the release of <br />moneys on deposit in the Debt Service Reserve Account of the senior lien Indenture of Trust, <br />dated as of May I, 1983, relating to the Southern Transmission System Project (as amended and <br />supplemented, the "Senior STS Indenture") and (ii) obtaining the consent of the applicable <br />portion of bondowners whose bonds are secured by the Senior STS Indenture (the "STS Senior <br />Bondowners"), in order to amend the Senior STS Indenture to effect the release of such moneys <br />in the Debt Service Reserve Account; and <br />WHEREAS, on August 17, 2000, the Board of Directors of the Authority <br />authorized, among other things, the execution and delivery of agreements with the Authority's <br />financial advisor and Bondholder Coun~nunications Group for services relating to obtaining the <br />consent of STS Senior Bondowners; and <br />WHEREAS, Alnbac Assurance Corporation has been selected to provide <br />municipal bond insurance on the bonds secured by the Senior STS Indenture in order to increase <br />the likelihood that the STS Senior Bondowners will provide the required consent; and <br />WHEREAS, to eRect the necessary amendments to the Senior STS Indenture, the <br />Authority and U.S. Bank Trust National Association, the trustee under the Senior STS Indenture <br />(the "Trustee"), must execute and deliver a Supplemental Indenture of Trust (as defined in the <br />Senior STS Indenture). <br />NOW. THEREFORE, BE IT RESOLVED by the Board of Directors of the <br />Authority as follows: