Res 1992-014 - Laserfiche WebLink

Home Browse Search

ENERGY FITNESS PROGRAM AGREEMENT Between LOWER COLORADO RIVER AUTHORITY And SAN MARCOS ELECTRIC UTILITY This Agreement is made and entered into as of the..1l..- day of February, 199..2...., by and between LOWER COLORADO RIVER AUTHORITY (Hereinafter called "LCRA") and San Marcos Electric Utility (Hereinafter called "'¡,Vholesale Customer"). WIT N E SSE T H: WHEREAS, by enactment of the Lower Colorado River Authority Act of 1934, as amended, the Legißtatuye of the State of 1'exa.B declan~d that creation of the Lower Co\orado River Âufuorhy, a conservation and reclamation district, was essential to the purposes of Article XVI, Section 59 of the Texas Constitution, including among others, the generation of electric energy and power and the conservation and development of electric power in the State of Texas; and WHEREAS, LCRA, pursuant to the authority granted it by such authority, operates and maintains Fl.;) electric power generation and transmission system; and WHEREAS, LCRA, and Wholesale Customer have heretofore entered into a contract dated 02/11/92 (which contract as amended and supplemented is hereinafter called the "Power Contract"), under which electric power and energy are supplied by LCRA at wholesale and purcMsed by Wholesale Customer for resale; and WHEREAS, LCRA is authorized by law to undertake, sponsor, initiate, coordinate and otherwise participate in programs int:: :1ded to conserve electric energy, induding programs w hich\1) encourage more efficient use of electrIc energy, and (2) reduce the total use of electric energy through conservation programs, and to issue from time to time, revenue bonds, notes or other obligations for the purpose of funding such conservation p;ograms through grants or loans of money, services or equipment to persons or entities other than LCRA;:md WHEREAS, LCRA and Wholesale Customer, in accordance with contractual arrangements between them are cooperating in certain projects designed to encourage residential customers to reduce unnecessary energy consumption, thereby helping to ensure an ample supply of electric power to the electric power consumers ÌI\ the LCRA region, defernng the com.ttu.~t\OI\ of addi\iowM ge\'\eyati'ùt\ åwd/m transmission facilities and improving system efficiency which will permit rates to be lower than would otherwise be necessary; and WHEREAS, LCRA and Wholesale Customer wish to consolidate into a single, unified program ti,~ projects through which Wholesale Customer makes financial assistance available to customers, an . " .lergy Fitness Program (hereinafter called the "Program") which is available to Wholesale Customers of LCRA power is hereby created; and WHEREAS, LCRA and Wholesale Customer desire to agree upon the respective rights and obligations of the parties for the development, implementation, and administration of the Program; NOW, THEREFORE, In consideration of the promises and the mutual covenants herein contained and subject to the provision;, 'Jf the LCRA Act and other applicable statutes and/ or regulations, the parties 1 REV. 07/19/91