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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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X: Applicable <br />8.1 Party A Credit Protection (cont. <br />(c) Collateral Threshold: <br />X: Not Applicable <br />: Applicable <br />If applicable, complete the following: <br />Party B Collateral Threshold: $ provided, <br />however, that the Collateral Threshold for Party B <br />shall be zero on and after the occurrence of an <br />Event of Default. <br />Party B Independent Amount: $ <br />Party B Rounding Amount: $ ; <br />(d) Downgrade Event: <br />X: Not Applicable <br />: Applicable <br />If applicable, complete the following: <br />It shall be a Downgrade Event for Party B if <br />Party B's Credit Rating falls below <br />from S&P or <br />from Moody's or if Party B is not rated by <br />either S&P or Moody's <br />Other: <br />Specify: <br />(e) Guarantor for Party B: Not Applicable <br />Guarantee Amount: <br />Article 10 <br />Confidentiality <br />X: Applicable <br />8.2 Party B Credit Protection (cont, <br />(c) Collateral Threshold: <br />X: Not Applicable <br />: Applicable <br />If applicable, complete the following: <br />Party A Collateral Threshold: $ ; provided, <br />however, that Party A's Collateral Threshold shall <br />be zero if an Event of Default with respect to Party <br />A has occurred and is continuing. <br />Party A Independent Amount: $ <br />Party A Rounding Amount: $ ; <br />(d) Downgrade Event: <br />K Not Applicable <br />: Applicable <br />If applicable, complete the following: <br />It shall be a Downgrade Event for Party A if <br />Party A's Credit Rating falls below <br />from S&P or <br />from Moody's or if Party A is not rated by <br />either S&P or Moody's <br />Other: <br />Specify: <br />(e) Guarantor for Party A: Not Applicable <br />Guarantee Amount: <br />X: Confidentiality Applicable : If not checked, inapplicable. <br />Schedule M X: Party A is a Governmental Entity or Public Power System <br />: Party. B is a Governmental Entity or Public Power System <br />X: Add Section 3.6. If not checked, inapplicable <br />Add Section 8.4. If not checked, inapplicable <br />K <br />
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