Explanation
BACKGROUND: This ordinance is the seventh amendment to the Master Power Purchase and Sale Agreement partial requirements confirmation letter that authorizes a modification of DL012676 with American Electric Power Service Corporation (AEPSC) for the purchase of capacity and energy for the Division of Power and Water (P), collectively known as the "Parties".
The parties have previously entered into a Master Power Purchase and Sale Agreement (the "Master Agreement"), dated October 19, 2006 and a Partial Requirements Confirmation Letter ("Confirmation") dated July 30, 2007, a First Amendment dated August 20, 2007, that among other things, extended the Delivery Period through May 31, 2012; and a Second Amendment dated June 22, 2009, that among other things, extended the Delivery Period through May 31, 2014; and a Third Amendment dated July 13, 2009, that among other things, adjusted the Energy Charge per MWh for Energy delivered under the Confirmation; and a Fourth Amendment dated July 20, 2009, that among other things, adjusted the Energy Charge per MWh for Energy delivered under the Confirmation; and a Fifth Amendment dated February 16, 2011, that addressed some behind the meter generation; and a Sixth Amendment dated January 27, 2012 that among other things, relates to the purchase of the remaining 50% of Partial Requirements from AEPSC from June 1, 2013 through May 31, 2014.
The Division of Power and Water (Power) now requested that AEPSC (Company) terminate the power purchase agreement for the sale of generation from an anaerobic digester project capable of generating up to one (1) MW of electric energy ("Quasar Facility") between Company and an affiliate of the Quasar Energy Group, LLC, known as Central Ohio BioEnergy, LLC ("Quasar"), effective as of November 1, 2012, however the Division of Power and Water (Customer) desires to retain the Quasar Facility as a Third Party Supply generation resource, behind the meter, during the Delivery Peri...
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