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HomeMy WebLinkAbout13 UAMPS Agenda Item # 13 Public Utility District ACTION To: Board of Directors From: Stephen Hollabaugh Date: January 20, 2010 Subject: Consideration of Approving DAMPS Agreements a.) 2010 & 2011 REC Sales Agreement with UAMPS b.) Stampede Generation Pooling Appendix Agreement 1. WHY THIS MATTER IS BEFORE THE BOARD Board approval is required to enter into a contract or a pooling appendix agreement. A) This item involves the purchase of Renewable Energy Credits (REC's) from Utah Associated Municipal Power Systems ("UAMPS") for 2010 and 2011. B) This item involves a Pooling Appendix with UAMPS that transfers the City of Fallon's Stampede Generation to Truckee Donner PUD in exchange for energy from Truckee Donner PUD through UAMPS Power Exchange ("PX"). 2. HISTORY The District has a Renewable Portfolio Standard ("RPS") goal of 21% by 2010. This standard is met, in part, by purchases of renewable energy credits (REC's). Transferring more of the Stampede generation from the City of Fallon to Truckee Donner PUD will help the District continue to meet its 21% RPS goal by 2010. Currently the Stampede generation is shared with the City of Fallon. Every other month, the generation is scheduled to either the City of Fallon or Truckee Donner PUD therefore sharing the resource throughout the year. 3. NEW INFORMATION A.) 2010 & 2011 REC Purchase from UAMPS (Attachment 1): UAMPS has REC's for sale to its members from the Pleasant Valley Wind project located in Uinta County Wyoming. REC's arising from the wind power generation for delivery to the grid are measured by the amount of one REC for each megawatt hour (MWh) generated. The District is interested in 2,000 MWh per month for 2010 and 2011 or 24,000 MWhs for each calendar year 2010 and 2011 from UAMPS at forecast market prices. The REC's are priced for the first half and second half of the year. The UAMPS Project Management Committee ("PMC") has approved the sale of the Pleasant Valley's REC's to Truckee Donner PUD. The price for the REC's range from $2.00/MWh to $3.50/MWh over the time period of 2010 through 2011. This purchase of REC's is a good value to the District and will help the District continue to meet its RPS goal of 21%. B.) Stampede Generation, UAMPS Pooling Appendix (Attachment 2): Staff has negotiated with the City of Fallon an exchange of energy from the Stampede generation to Truckee Donner PUD for energy to the City of Fallon from Truckee Donner PUD's other generation at UAMPS. The basic agreement of the Pooling Appendix is as follows: • Assign all months of generation from Stampede to Truckee Donner PUD. • In exchange, Truckee will sell the City of Fallon 500 kW per hour of its UAMPS resource mix at a rate of$37/MWh minus the REC valuation. • The REC valuation is calculated as the average of the WECC Green-E Wind (non-wregis) Bid and Offer prices as listed in the bi-annual table. • Once a year (during January) a true up of MWh's and dollars will be evaluated and agreed upon by Truckee Donner PUD and the City of Fallon. • The term of this Appendix begins February 1, 2010 through December 31, 2013 unless terminated by a Party providing 60 day written notice to the other Parties. • Any termination prior to December 31, 2013, will require an agreement of Truckee Donner on an energy delivery methodology beginning the first day of the month following the termination date. 4. FISCAL IMPACT The funding source for the REC purchase and the Pooling Appendix will be the purchase power budget if executed. The price of the REC is listed in the agreement for each six month increment. The price varies from $2.00 to $3.50 per megawatt hour. The net cost to Truckee Donner PUD of the Stampede Generation, pooling agreement is the difference between the existing Stampede Generation and cost of Truckee Donner PUD's other resources at UAMPS. These costs currently range between $20 and $40 per MWh and do not include any REC's. 5. RECOMMENDATION A) Approve the UAMPS Renewable Energy Credit Sales Agreement for the purchase of 24,000 REC's in 2010 and 24,000 REC's in 2011 in the amount of: January 2010 - June 2010: $4,000 per month July 2010 - December 2010: $5,000 per month January 2011 - June 2011: $6,000 per month July 2011 - December 2011: $7,000 per month B) Approve the UAMPS Pooling Appendix concerning the transfer of energy from the Stampede generation from the City of Fallon to Truckee Donner PUD. Stephen Hollabaugh Michael D. Holley Assistant General Manager General Manager Attachment 1 • SMARTENERGY" An Utah Associated Municipal Power Systems ! f UAMPS RENEWABLE ENERGY CREDIT SALES AGREEMENT This Renewable Energy Credit Sales Agreement made effective as of January 1,2010 between Utah Associated Municipal Power Systems("UAMPS'')and Truckee-Donner Public Utility District(Truckee Donner"). UAMPS receives Renewable Energy Credits("RECs")arising from the wind power generation for delivery to the grid of the energy by the Facility described below: Facility name and location: Pleasant Valley(Uinta County, WY) Fuel Type: Wind Capacity(MW): 144 Operational Date: December 15, 2003 in the amount of one REC for each megawatt hour generated; and Truckee Donner desires to purchase RECs in the amount of 24,000 per year for the calendar years 2010 and 2011 from UAMPS at forecast market price. The Purchase Price will be included on Truckee Donner's Power Bill from January 2010 until December 2011 according to the following schedule: January 2010—June 2010: $4,000.00 per month July 2010—December 2010: $5,000.00 per month January 2011 —June 2011: $6,000.00 per month July 2011 —December 2011: $7,000.00 per month Purchase and Sale of Environmental Attributes. UAMPS shall sell to Truckee Donner, and Truckee Donner shall purchase from UAMPS, all right, title, and interest in and to all Environmental Attributes with respect to the purchased RECs. UAMPS shall make the Environmental Attributes available to Truckee Donner to the fullest extent allowed by Applicable Law immediately upon UAMPS' obtaining the Environmental Attributes. UAMPS shall not assign, transfer, convey, encumber, sell or otherwise dispose of all or any portion of such Environmental Attributes to any Person other than Truckee Donner. UAMPS makes no written or oral representation or warranty, either express or implied, regarding the current or future existence of any Environmental Attributes. Reporting of Ownership of Environmental Attributes. During the Term, UAMPS shall not report to any Person that the Environmental Attributes belong to anyone other than Truckee Donner, and Truckee Donner may report under any such program that the Environmental Attributes purchased hereunder belong to it. 2825 East Cottonwood Parkway,Suite 200, Salt Lake City,Utah 84121-7077 P:801-566-3938 Toll-Free:800-872-5961 F:801-561-2687 www.uamps.com LUM •N SMARTENERGY" Utah Associated Municipal Power Systems TRUCKEE DONNER PUBLIC UTAH SSOCIATED MUNCIPAL UTILITY DISTRICT PO SYSTEMS Name Name Title Title V1 M� (�{ � 2825 East Cottonwood Parkway,Suite 200, Salt Lake City,Utah 84121-7077 P:801-566-3938 Toll-Free:800-872-5961 F:801-561-2687 www.uamps.com 2010 2011 2012 _ 2013 FH Bid FH Offer BH Bid BH Offer FH Bid FH Offer BH Bid BH Offer FH Bid FH Offer BH Bid BH Offer FH Bid FH Offer BH Bid BH Offer WECC Green-E Wind non-wre is $1.50 $2.50 $2.00 $3.00 $2.50 $3.50 $3.00 $4.00 $4.25 $5.25 $4.75 $5.75 $4.75 $5.75 $5.25 $6.25 WECC Green-E Biomass non-wre is $1.25 $2.25 $1.75 $2.75 $2.25 $3.25 $2.75 VA 75 $4.00 $5.00 $4.50 $5.50 $4.50 $5.50 $5.00 $6.00 WECC Green-E Wind wre is $8.50 $12.50 $8.50 $12.50 $8.50 1 $13.00 $9.50 $15.00-11 $9.50 1 $16.50 1 $10.501 $18.56 $10.50 $20.00 1 $11.501 $22.00 WECC Green-E Biomass wre is----l $8.50 $12.50 $8.50 $12.50 11 $8.50 1 $13.00 1 $9.50 1 $15.00 11 $9.50 1 $16.50 1 $10.501 $18.50 11 $10.501 $20.00 1 $11-501 $22.00 Texas Wind $1.00 $2.00 $1.50 $2.50 $1.75 $2.75 $2.25 $3.25 $3.75 $4.75 $4.25 $5.25-11 $4.25 $5.25 $4.75 $5.75 MISO Wind $1.00 $2.00 $1.50 $2.50 $1.75 $2.75 $2.25 1 $3.25 JI $3.75 1 $4.75 1 $4.25 1 $5.25 1 $4.25 1 $5.25 1 $4.75 $5.75 MISO Biomass $1.00 $2.00 $1.50 $2.50 $1.75 $2.75 $2.25 $3.25 11 $3.75 1 $4.75 1 $4.25 1 $5.25 1 $4.25 1 $5.25 1 $4.75 $5.75 National Green-E Wind $1.00 $2.00 $1.50 $2.50 $1.75 $2.75 $2.25 $3.25 $3.75 $4.75 $4.25 $5.25 $4.25 $5.25 $4.75 $5.75 National Green-E An $1.00 $2.00 $1.50 $2.50 $1.75 $2.75 $2.25 $3.25 $3.75 $4.7,rL $4.25 $5.25 $4.25 $5.25 $4.75 $5.75 National Green-E Solar $5.00 $20.00 $5.00 $20.00 $5.00 $20.00 $5.00 $20.00 $5.00 $20.00 $5.00 J $20.00 $5.00 $20.00 $5.00 $20.00 This does not constitute a solicitation to buy or sell RECs.Numbers reported are estimates of fair-market value derived from observed market data,and are not necessarily executable prices. The information contained in this document is provided as a courtesy by the Amerex Brokers LLC("Amerex").As a condition of receiving this information, you and any other recipient are deemed by Amerex to have acknowledged and agreed that(a)Amerex has exclusive and valuable property rights in this information, (b)Amerex is making this information available to a restricted group of recipients including certain of its employees,customers and business partners,and you may not distribute it in any form to any other person or entity without the express written consent of Amerex,and(c)you may make use of this information only for your internal business purposes and not for the benefit of any third party.Amerex does not make any representations or warranties,express or implied,with respect to any information contained herein,including without limitation any representation or warranty that the data set forth herein is accurate,complete or timely.Amerex reserves the right to terminate the distribution of this information at any time at its sole discretion. i Attachment 2 POOLING APPENDIX This Pooling Appendix made 1 st day of February, 2010 between Utah Associated Municipal Power Systems ("UAMPS"), City of Fallon, Nevada ("Fallon") and Truckee Donner Public Utilities District("Truckee Donner"). UAMPS, Fallon and Truckee Donner are sometimes individually referred to herein as Party and sometimes collectively referred to herein as Parties. The Parties to this Pooling Appendix agree to the following provisions and agree to pay all costs of this transaction through the UAMPS monthly power bill. PURPOSE Fallon and Truckee Donner have entered into a Western Area Power Administration Contract#07- NSR-01026 for Energy Exchange Services for the Stampede Resource. [Non-UAMPS Project] AUTHORITIES AND RESPONSIBILITIES The Parties have agreed that all of the Stampede Resource will be delivered to Truckee Donner beginning February 1, 2010. In exchange, Truckee Donner will sell 500 kW of its UAMPS resource mix to Fallon at a rate of$37/MWh subject to annual true up below, minus the REC valuation. The REC valuation is calculated as the average of the WECC Green-E Wind (non-wregis) Bid and Offer prices as listed in the bi-annual table attached hereto as exhibit A. Truckee Donner will provide to UAMPS a schedule of output of the Stampede Resource on a prescheduled basis in order to allow UAMPS to meet its obligations to schedule the resource with (Sierra Pacific Power Company) SPPC. Schedules will be in whole megawatts with the difference between metered generation and schedule accounted for as a metered resource of Truckee Donner subject to such accounting being accepted by SPPC. Truckee Donner shall notify UAMPS of any planned service interruption at least twenty-four hours prior to the interruption occurrence. The Parties agree that during January of each year, a true up of MWh and dollars will be evaluated and agreed upon by Truckee Donner and Fallon. TERM The term of this Appendix begins February 1, 2010 through December 31, 2013 unless terminated by a Party providing 60 day written notice to the other Parties. Any termination prior to December 31, 2013, will require an agreement of Truckee Donner and Fallon on an energy delivery methodology beginning the first day of the month following the termination date. CHARGES Administration: UAMPS will charge and Truckee Donner will pay the scheduling and reserve fees as adopted by the Board of Directors, from time to time, for all MWh delivered. The charges will be invoiced to Truckee Donner on the UAMPS Power Bill. Wheeling: Truckee Donner and Fallon are providing the transmission service through their respective service agreements under the SPPC GATT. Other. Any other cost incurred by UAMPS due solely to this Pooling Appendix, including but not limited to transmission costs, scheduling costs, power purchase costs, administration costs and legal costs will be the responsibility of Truckee Donner and Fallon and invoiced through the UAMPS Power Bill. Dated this day of , 2010. TRUCKEE DONNER PUBLIC CITY OF FALLON UTILITY DISTRICT UTAH ASSOCIATED MUNICIPAL POWER SYSTEMS Public Utility District ....... .....U... I . Memorandum To: Directors From: Barbara Cahill Date: January 21, 2010 RE: Revision to Agenda Item No. 13 b. 13. CONSIDERATION OF APPROVING UAMPS AGREEMENTS This item involves approval of UAMPS Agreements: a. Renewable Energy Credit Sales Agreement for 2010 & 2011 b. Pooling Appendix concerning Stampede Generation Please find a revised Pooling Appendix concerning Stampede Generation. An earlier version was included in your board on Friday, but has since been revised. Both ared-lined version and the final are attached for your review. Hard copies will be available at the rescheduled meeting on Monday, January 25, 2010. Thank-you Barbara Cahill From: Stephen Hollabaugh Sent: Thursday, January 21, 2010 2:44 PM To: Barbara Cahill Subject: FW: Pooling Appendix Attachments: transactions fallon truckee stampede(3).doc; transactions fallon truckee stampede(3a).doc; REC Price Sheet Exhibit A Pooling Appendix.xls Some slight changes to the Stampede pooling appendix. Please have the blackline ready for the Board meeting Stephen Hollabaugh, P.E. Assistant General Manager Truckee Donner PUD (530)582-3934 (530) 587-1189 fax www.tdpud.org This electronic message contains information from Truckee Bonner Public Utility District which is intended to be sent to the individual or entity named above. If you are not the intended recipient, be aware that any disclosure, copying or distribution or use of the contents of this information is prohibited. If you receive this electronic transmission in error, please notify me by email at stephenhollabaug,h@tdpud.org. From: Jackie Coombs [mailto:jackie@uamps.com] Sent: Thursday, January 21, 2010 2:09 PM To: Stephen Hollabaugh; falonlaw2@cccomm.net Cc: Kelton Andersen; Marshall Empey Subject: Pooling Appendix Pursuant to our telephone conversation, attached are a blackline and clean copy of the modified Pooling Appendix. One additional change was incorporated. Since the Stampede Resource is not charged thr UAMPS $3.25/MWH transmission rate but now the 500 KW from the Truckee resource will, we added the transmission rate as a deduction from the rate charge. Please and provide comments. Thanks. Jackie POOLING APPENDIX This Pooling Appendix made 1st day of February, 2010 between Utah Associated Municipal Power Systems ("UAMPS"), City of Fallon, Nevada("Fallon") and Truckee Donner Public Utilities District("Truckee Donner"). UAMPS, Fallon and Truckee Donner are sometimes individually referred to herein as Party and sometimes collectively referred to herein as Parties. The Parties to this Pooling Appendix agree to the following provisions and agree to pay all costs of this transaction through the UAMPS monthly power bill. PURPOSE Fallon and Truckee Donner have entered into a Western Area Power Administration Contract#07- NSR-01026 for Energy Exchange Services for the Stampede Resource. [Non-UAMPS Project] AUTHORITIES AND RESPONSIBILITIES The Parties have agreed that all of the Stampede Resource will be delivered to Truckee Donner beginning February 1, 2010. In exchange, Truckee Donner will sell 500 kW of its UAMPS resource mix to Fallon at a rate of$37/MWh, subject to annual true-up below,-minus the REC valuation and UAMPS transmission rate. The REC valuation is calculated as the average of the WECC Green-E Wind (non- wregis) Bid and Offer prices as listed in the attasbed-bi-annual table attached hereto as Exhibit A. The transmission rate is determined by the UAMPS Board of Directors annually. Truckee Donner will provide to UAMPS a schedule of output of the Stampede Resource on a prescheduled basis in order to allow UAMPS to meet its obligations to schedule the resource with Sierra Pacific Power Company("SPPC" . Schedules will be in whole megawatts with the difference between metered generation and schedule accounted for as a metered resource of Truckee Donner subject to such accounting being accepted by SPPC. Truckee Donner shall notify UAMPS of any planned service interruption at least twenty-four hours prior to the interruption occurrence. The Parties agree that during January of each year, a true up of MWh and dollars will be evaluated and agreed upon by Truckee Donner and Fallon. TERM The term of this Appendix begins February 1, 2010 through December 31, 2013 unless terminated by a Party providing 60 day written notice to the other Parties. Any termination prior to December 31, 2013, will require an agreement of Truckee Donner and Fallon on an energy delivery methodology beginning the first day of the month following the termination date. CHARGES Administration: UAMPS will charge and Truckee Donner and Fallon will pay the scheduling and reserve fees as adopted by the Board of Directors, from time to time,for all MWh delivered. The charges will be invoiced to Truckee Donner and Fallon on the UAMPS Power Bill. Wheeling: Truckee Donner and Fallon are providing the transmission service through their respective service agreements under the SPPC GATT. Other. Any other cost incurred by UAMPS due solely to this Pooling Appendix, including REC fees, legal costs or another other costs, with the exception of but not limitedto transmission costs, scheduling costs, power purchase costs and—administration costs: will be the responsibility of Truckee Donner and Fallon ate-invoiced through the UAMPS Power Bill. Dated this day of , 2010. TRUCKEE DONNER PUBLIC CITY OF FALLON UTILITY DISTRICT UTAH ASSOCIATED MUNICIPAL POWER SYSTEMS POOLING APPENDIX This Pooling Appendix made 1 St day of February, 2010 between Utah Associated Municipal Power Systems ("UAMPS"), City of Fallon, Nevada ("Fallon") and Truckee Donner Public Utilities District("Truckee Donner"). UAMPS, Fallon and Truckee Donner are sometimes individually referred to herein as Party and sometimes collectively referred to herein as Parties. The Parties to this Pooling Appendix agree to the following provisions and agree to pay all costs of this transaction through the UAMPS monthly power bill. PURPOSE Fallon and Truckee Donner have entered into a Western Area Power Administration Contract#07- NSR-01026 for Energy Exchange Services for the Stampede Resource. [Non-UAMPS Project] AUTHORITIES AND RESPONSIBILITIES The Parties have agreed that all of the Stampede Resource will be delivered to Truckee Donner beginning February 1, 2010. In exchange, Truckee Donner will sell 500 kW of its UAMPS resource mix to Fallon at a rate of$37/MWh, subject to annual true-up below, minus the REC valuation and UAMPS transmission rate. The REC valuation is calculated as the average of the WECC Green-E Wind (non- wregis) Bid and Offer prices as listed in the bi-annual table attached hereto as Exhibit A. The transmission rate is determined by the UAMPS Board of Directors annually. Truckee Donner will provide to UAMPS a schedule of output of the Stampede Resource on a prescheduled basis in order to allow UAMPS to meet its obligations to schedule the resource with Sierra Pacific Power Company("SPPC"). Schedules will be in whole megawatts with the difference between metered generation and schedule accounted for as a metered resource of Truckee Donner subject to such accounting being accepted by SPPC. Truckee Donner shall notify UAMPS of any planned service interruption at least twenty-four hours prior to the interruption occurrence. The Parties agree that during January of each year, a true up of MWh and dollars will be evaluated and agreed upon by Truckee Donner and Fallon. TERM The term of this Appendix begins February 1, 2010 through December 31, 2013 unless terminated by a Party providing 60 day written notice to the other Parties. Any termination prior to December 31, 2013, will require an agreement of Truckee Donner and Fallon on an energy delivery methodology beginning the first day of the month following the termination date. CHARGES Administration: UAMPS will charge and Truckee Donner and Fallon will pay the scheduling and reserve fees as adopted by the Board of Directors, from time to time,for all MWh delivered. The charges will be invoiced to Truckee Donner and Fallon on the UAMPS Power Bill. Wheeling: Truckee Donner and Fallon are providing the transmission service through their respective service agreements under the SPPC GATT. Other: Any other cost incurred by DAMPS due solely to this Pooling Appendix, including REC fees, legal costs or another other costs, with the exception of transmission costs, scheduling costs, power purchase costs and administration costs, will be the responsibility of Truckee Donner and invoiced through the UAMPS Power Bill. Dated this day of , 2010. TRUCKEE DONNER PUBLIC CITY OF FALLON UTILITY DISTRICT UTAH ASSOCIATED MUNICIPAL POWER SYSTEMS SXHt A Pt ?tklMf3 A 'R NIX BE-TIWIEEt4, 14 PAS FA QN ANQ TRUCE DO NER '81 VAR FE ARM Oftr Wre 1A � . 42,5 6�2a we � .� .. t : >.,. ... . ' w E . fi f:: . .. } w j: R ' . 44 44 ind ., !ik tw�.ww!k k+!.kki.nke .. ,' .5JQ ..$'.Tar � :25.. '�. .7 ,. 4a7 .� 4v25 . � 4.7 .7 �. ? �. t 20-00; .Ut} ��t,El�} � . � #�:�? .�{3 $ Q. .ice � r �>�1 6:t�i} $20.tX� : may yt1l�ICl3�Fy � ? 1 +�� tir+ . i�Ijl�TSti i£3�II�AEv�t Q #1^ �tk[ifZfk {8 � T 1.1t �r �k 4A1 � fiii i#[?FFi�. atcox�cn this duct is provided by the ate des I "}.As a condition of reeitig#�Orion, yt Y�r ipi a y �it f �� dt vo and vats le�� ire inf o►, (} c ISOin 'uft�tavakf toiia csai ofs I+ytst�xnrs d bc € Via, d yaiiot If digi t to anyo pi n car en the es s i art�f ail�ierej,aml{c) may make use o fliis in a intomal tiori+xnly �r tie cum s a�ad al thel fit o'any � x cl "'00, arty r�ant s or warranties,express or implied,wT, Ito any it ai tion a d; ,t c3 t Tracts ii and nt or sty thin*e data set tot herein is accurate,cotOloo or may=Arnerex reserves ri t to fete the 4isanhtrticxr o this infer at at its sote dise�retion. E Public Utility District Memorandum To: Directors From: Barbara Cahill Date: January 21, 2010 RE: Revision to Agenda Item No. 13 b. 13. CONSIDERATION OF APPROVING UAMPS AGREEMENTS This item involves approval of UAMPS Agreements: a. Renewable Energy Credit Sales Agreement for 2010 & 2011 b. Pooling Appendix concerning Stampede Generation Please find a revised Pooling Appendix concerning Stampede Generation. An earlier version was included in your board on Friday, but has since been revised. Both ared-lined version and the final are attached for your review. Hard copies will be available at the rescheduled meeting on Monday, January 25, 2010. Thank-you POOLING APPENDIX This Pooling Appendix made 1 st day of February, 2010 between Utah Associated Municipal Power Systems ("UAMPS"), City of Fallon, Nevada ("Fallon") and Truckee Donner Public Utilities District("Truckee Donner"). UAMPS, Fallon and Truckee Donner are sometimes individually referred to herein as Party and sometimes collectively referred to herein as Parties. The Parties to this Pooling Appendix agree to the following provisions and agree to pay all costs of this transaction through the UAMPS monthly power bill. PURPOSE Fallon and Truckee Donner have entered into a Western Area Power Administration Contract#07- NSR-01026 for Energy Exchange Services for the Stampede Resource. [Non-UAMPS Project] AUTHORITIES AND RESPONSIBILITIES The Parties have agreed that all of the Stampede Resource will be delivered to Truckee Donner beginning February 1, 2010. In exchange, Truckee Donner will sell 500 kW of its UAMPS resource mix to Fallon at a rate of$37/MWh, subject to annual true-up below, -minus the REC valuation and UAMPS transmission rate. The REC valuation is calculated as the average of the WECC Green-E Wind (non- wregis) Bid and Offer prices as listed in the attaGhed table attached hereto as Exhibit A. The transmission rate is determined by the UAMPS Board of Directors annually. Truckee Donner will provide to UAMPS a schedule of output of the Stampede Resource on a prescheduled basis in order to allow UAMPS to meet its obligations to schedule the resource with Sierra Pacific Power Company "SPPC . Schedules will be in whole megawatts with the difference between metered generation and schedule accounted for as a metered resource of Truckee Donner subject to such accounting being accepted by SPPC. Truckee Donner shall notify UAMPS of any planned service interruption at least twenty-four hours prior to the interruption occurrence. The Parties agree that during January of each year, a true up of MWh and dollars will be evaluated and agreed upon by Truckee Donner and Fallon. TERM The term of this Appendix begins February 1, 2010 through December 31, 2013 unless terminated by a Party providing 60 day written notice to the other Parties. Any termination prior to December 31, 2013, will require an agreement of Truckee Donner and Fallon on an energy delivery methodology beginning the first day of the month following the termination date. CHARGES Administration: UAMPS will charge and Truckee Donner and Fallon will pay the scheduling and reserve fees as adopted by the Board of Directors, from time to time,for all MWh delivered. The charges will be invoiced to Truckee Donner and Fallon on the UAMPS Power Bill. Wheeling: Truckee Donner and Fallon are providing the transmission service through their respective service agreements under the SPPC GATT. Other. Any other cost incurred by UAMPS due solely to this Pooling Appendix, including REC fees, legal costs or another other costs, with the exception of transmission costs, scheduling costs, power purchase costs and—administration costs., will be the responsibility of Truckee Donner and Fated-invoiced through the UAMPS Power Bill. Dated this day of , 2010. TRUCKEE DONNER PUBLIC CITY OF FALLON UTILITY DISTRICT UTAH ASSOCIATED MUNICIPAL POWER SYSTEMS POOLING APPENDIX This Pooling Appendix made 1 St day of February, 2010 between Utah Associated Municipal Power Systems ("UAMPS"), City of Fallon, Nevada ("Fallon") and Truckee Donner Public Utilities District("Truckee Donner"). UAMPS, Fallon and Truckee Donner are sometimes individually referred to herein as Party and sometimes collectively referred to herein as Parties. The Parties to this Pooling Appendix agree to the following provisions and agree to pay all costs of this transaction through the UAMPS monthly power bill. PURPOSE Fallon and Truckee Donner have entered into a Western Area Power Administration Contract#07- NSR-01026 for Energy Exchange Services for the Stampede Resource. [Non-UAMPS Project] AUTHORITIES AND RESPONSIBILITIES The Parties have agreed that all of the Stampede Resource will be delivered to Truckee Donner beginning February 1, 2010. In exchange, Truckee Donner will sell 500 kW of its UAMPS resource mix to Fallon at a rate of$37/MWh, subject to annual true-up below, minus the REC valuation and UAMPS transmission rate. The REC valuation is calculated as the average of the WECC Green-E Wind (non- wregis) Bid and Offer prices as listed in the bi-annual table attached hereto as Exhibit A. The transmission rate is determined by the UAMPS Board of Directors annually. Truckee Donner will provide to UAMPS a schedule of output of the Stampede Resource on a prescheduled basis in order to allow UAMPS to meet its obligations to schedule the resource with Sierra Pacific Power Company("SPPC"). Schedules will be in whole megawatts with the difference between metered generation and schedule accounted for as a metered resource of Truckee Donner subject to such accounting being accepted by SPPC. Truckee Donner shall notify UAMPS of any planned service interruption at least twenty-four hours prior to the interruption occurrence. The Parties agree that during January of each year, a true up of MWh and dollars will be evaluated and agreed upon by Truckee Donner and Fallon. TERM The term of this Appendix begins February 1, 2010 through December 31, 2013 unless terminated by a Party providing 60 day written notice to the other Parties. Any termination prior to December 31, 2013, will require an agreement of Truckee Donner and Fallon on an energy delivery methodology beginning the first day of the month following the termination date. CHARGES Administration: UAMPS will charge and Truckee Donner and Fallon will pay the scheduling and reserve fees as adopted by the Board of Directors, from time to time,for all MWh delivered. The charges will be invoiced to Truckee Donner and Fallon on the UAMPS Power Bill. Wheeling: Truckee Donner and Fallon are providing the transmission service through their respective service agreements under the SPPC GATT. Other: Any other cost incurred by UAMPS due solely to this Pooling Appendix, including REC fees, legal costs or another other costs, with the exception of transmission costs, scheduling costs, power purchase costs and administration costs, will be the responsibility of Truckee Donner and invoiced through the UAMPS Power Bill. Dated this day of , 2010. TRUCKEE DONNER PUBLIC CITY OF FALLON UTILITY DISTRICT UTAH ASSOCIATED MUNICIPAL POWER SYSTEMS ExfnBrr A POOLING APPENDIX BETWEEN DAMP%FALLON AND TRUCKEE DONNER DATED FEBRUARY'1 2010 N 2010 2011 2Q12 2Q13 r. FH Bid FH:Offer. H.&d_ FH W,-`Fff'Offer BH Biel BH Offer FH,Bx1 F,hC3ter. BH&d..BH Offer FH Bid FH Offer BH_Brd_ BH_,Offe B der :.; , .,.; :,< 5 350 3,00,: 400 425 5 25_ 4 75 575 75: 75 $5.25 $6.25 WECC Greece E Wind_no is $1.50: $2.50 �;$2.00 �$3.00. $2 0 $. $ $ $ $4 , .:, �.. , .. „ .:,.;. 5.. 1.75': 2.75. 2.25; 3 25 2.75 3:75 4M $5.00,�. ;.�.$4.50, � Q, ,_ ,$4 50 $5.50 $5 00 �$6.00 WECC Gi66-- E.B�ma n is $,1 25 $2:2 $ $ $ $ $ $ $ . , 1050 $2 $12.50 $8,50 $1 5Q: $ 2WECC $1500 $950 $16. 050 Q.00 1 $11 50 22.005t :0 $1 .00 $20;$ 2.50 $$ .$12 $9.5 $ i50 0 Terms Wind , re :$'I:OQ{ $2 t}0 $1.50 $2:50 $1.75 ' $2 75, $2.25 $3:25 $3.75 $4.75 $4.25. 255:., $4 25 :-$5:25 $4.75 $5.75 s, . x MISO Wttxl ., , :r$1.00:.,;$2:00 =-.$1.50,. $250 $1.75 $2.75 . $2.25 $325 $3.75 $4.75 $4;.2$,, . $ 2a .: $4:25 $5.25 $4.75 $5.75 MFSO Bto ass '$1.00 $2;00 $1:50' $2 50 $1.75 $2 75 $2.25 $3 25 $3.75 $4.75 ,1,,$4;25.._ $5 25. '; $4:25; _$5.25,." $4.75 $5.75 National:Gt�een=E'Wind , $1:00 : $2:00 $1.50 $25Q $1.75 $2.75 $2.25 $325 $3.75 $4 75 ".$4:25.. $i 25,:' -$4;25 $5:25 $475 $5.75 NationaFGreen-E An 41.00. $2.00 . $1.50 $2 50 $1.75 $2.75 $2.25 $3 25 $3,75 $4.75' £$4;25 $& 5 $4 25 $5.25 $4 75 $5.75', Nationai::Gteen-E Solar< $5.00. $20AQ' .:$5.00 $2Q.00 $5.00: $20 00 $5.00 $20.00 $5 Q0 $20.00 :-':$5:Q0 $ t1 Q0 , $5.00 $20.00 $5 00 $2Q.00 „ This does not.constitutesa solicitationto buy,or;seli RECs.Numbers reported are estimates of fair-market value derived from observed market'data°=2lrtd dare not necessan'ly e�cecutab,a prices. , K, t Tlie information=temedin.diii docwnent is provided as a courtesy by the Arnerex&okers,LLC("Amerex'�.As a condition of receiving this information, you and any other recipient are deemed by Amerex'to have acknowledged and agreed that(a)Amerex has exclusive and valuable property rights in this information, = (b)Amerex is making this information available to a restricted group of recipients including certain of its employees,customers and business partners,and you may not distribute it in any form,ta any other person or entity without the express written consent of Amerex,and(c)you may make use of this information only for your internal business purposes and not for the benefit of any .third party,Amerex does notmake any representations or warranties,express or implied,with respect to any information contained herein,including with I outlimitatiow any representation or..warranty that the data set forth herein is accurate,complete or timely.Amerex reserves the right to terminate the distribution ofthis information at anytime ac its sole discretion.: k p� i'