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<br /> teRA'. electric di.tribution .y.te. facilities located within <br /> ~be retail .eryice area in and around ~h. City of San .arco... <br /> certificated by ~b. !Wla. Public Ðtili~y Commi..ion, and <br /> .R!~IAS, under an 8gree.ent dated 3gne 2., "", £CRA <br /> be. contracted with CITY to furni.h, at whole.ale, the power <br /> and energy req~ired by CITY ~o .~pply the pre.ent and future <br /> retail c~.tomer. of CITY, ineluding all of ~ho.e retail <br /> cu.tomer. for.erly ..r.ed by LCRA, elcept Camp Gary, from ~he <br /> electric facllitie. p~rcha.ed by CITY from LCRAJ and <br /> WHERCAS, CITY at pre.ent do.. not have an experienced <br /> electric utility organization to ..lntain, operate, replace and <br /> eltend it. newly acq~lre~ eleetric di.trlb~tlon .y.te., and <br /> WHEREAS, teRA he. offered to .aintain an elperienced <br /> operating organization capable of .eintaining, operating, re- <br /> placing and extending the facilities p~rchaled by CITY from <br /> LCRA in a .afe, reliable, economie and efficient .anner, and <br /> CITY ha. determined it ~o be in the public interest ~o accept <br /> telA'. offer under the term. and condition. bereinefter .et <br /> forthJ <br /> -2- <br />