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Res 2018-042/approving and authorizing the City Manager to execute a wholesale electric power purchase agreement with AEP Energy Partners, Inc. to supply wind energy to the San Marcos Electric Utility
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Res 2018-042/approving and authorizing the City Manager to execute a wholesale electric power purchase agreement with AEP Energy Partners, Inc. to supply wind energy to the San Marcos Electric Utility
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11/15/2018 3:22:38 PM
Creation date
3/26/2018 11:05:07 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Approving
Number
2018-42
Date
3/20/2018
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With additional Notices of an Event of Default or <br />Potential Event of Default to: <br />Attn: City Attorney, City of San Marcos <br />Phone: 512-393-8153 <br />Facsimile: 855-759-2846 <br />With additional Notices of an Event of Default or <br />Potential Event of Default to: <br />Attn: Legal Department <br />Phone: (614)-583-7634 <br />Facsimile: (614) 583-1602 <br />The Parties hereby agree that the General Terms and Conditions are incorporated herein, and to <br />the following provisions as provided for in the General Terms and Conditions: <br />Party A Tariff, Tariff <br />Dated <br />Docket Number <br />Party B Tariff(s). Fifth Revised Rate Schedule FERC No. 1, effective June 28, 2007 in Docket <br />Number ER07-1130-000. <br />Article Two <br />Transaction Terms and Conditions X: Optional provision in Section 2.4. If not checked, inapplicable, <br />Article Four <br />Remedies for Failure X: Accelerated Payment of Damages. If not checked, inapplicable. <br />to Deliver or Receive <br />Article Five <br />Events of Default; Remedies <br />5.1(g) Cross Default for Party A: <br />X: Party A: <br />: Other Entity: <br />5.1(g) Cross Default for Party B: <br />: Party B: <br />X Other Entity: American <br />Electric Power Company, Inc. <br />Cross Default Amount <br />$5,000,000.00 <br />Cross Default Amount $ <br />Cross Default Amount $ <br />Cross Default Amount <br />$100,000,000.00 <br />5.6 Closeout Setoff <br />K Option A (Applicable if no other selection is made.) <br />Option B <br />Option C (No Setoff) <br />Article 8 Credit and Collateral Requirements <br />8.1 PartV A Credit Protection: <br />(a) Financial Information: <br />: Option A <br />X : Option B Specify: American <br />Electric Power Company, Inc. <br />: Option C Specify: <br />(b) Credit Assurances: <br />: Not Applicable <br />2 <br />8.2 Party B Credit Protection: <br />(a) Financial Information: <br />X: Option A <br />Option B Specify: <br />Option C Specify: <br />(b) Credit Assurances: <br />Not Applicable <br />
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