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COT OF <br />IVER,S] E <br />City Council Memorandum <br />Ciry ' -- Irts & innovations <br />TO: HONORABLE MAYOR AND CITY COUNCIL DATE: October 11, 2011 <br />FROM: PUBLIC UTILITIES DEPARTMENT ITEM NO: 26 <br />WARDS: ALL <br />SUBJECT: EDISON ELECTRIC INSTITUTE — MASTER POWER PURCHASE AND SALE <br />AGREEMENT <br />ISSUE <br />The issue for City Council consideration is approval of the Edison Electric Institute Master Power <br />Purchase and Sale Agreement ( "EEI Agreement "). <br />RECOMMENDATIONS <br />That the City Council: <br />1. Approve the EEI Agreement for use by Public Utilities in procuring electric power products <br />under the terms and conditions stated therein; <br />2. Authorize the City Manager, or his designee, to execute individual enabling agreements <br />incorporating the terms and conditions of the EEI Agreement, subject to the review and <br />approval by the City Attorney's Office; and <br />3. Authorize the Public Utilities General Manager, or his designee, to execute subsequent <br />transaction confirmation agreements for sales and purchases of electric power products, <br />subject to the terms and conditions of individual EEI enabling agreements. <br />BOARD RECOMMENDATION <br />On September 16, 2011, the Board of Public Utilities unanimously approved this item. <br />BACKGROUND <br />Riverside entered into the Western Systems Power Pool (WSPP) Agreement on August 26, 1987, <br />with a subsequent Netting Agreement in 1999 and a modified Amendment in 2009 to address the <br />California Independent System Operator (CAISO) Market Redesign Technology Update (MRTU) <br />paradigm. The WSPP Agreement is currently the only enabling agreement in place for Riverside <br />to transact under for short term, power purchases and sales. <br />26 -1 <br />