Title
Resolution - Approval of Power Supply Contractual Amendment - D Thompson
Other Info
Submitted By: David Thompson
Department: Markets/Power Supply
Financial Impact and Cost/Benefit Considerations: As discussed in Executive Session.
Discussion
The Cooperative obtains the majority of its power from the Lower Colorado River Authority (LCRA) pursuant to the Amended and Restated Wholesale Power Agreement with LCRA dated as January 5, 2011, as amended. PEC has been requested to evaluate certain contractual rights as to the Amended and Restated Wholesale Power Agreement as further described on Schedule 1.
Body
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF PEDERNALES ELECTRIC COOPERATIVE, INC that the Cooperative approve execution of an amendment to the Amended and Restated Wholesale Power Agreement as discussed in Executive Session;
BE IT FURTHER RESOLVED BY THE BOARD OF DIRECTORS OF THE COOPERATIVE that the Chief Executive Officer, or designee, is authorized to take such actions as needed to implement this resolution.