TERM CONTRACT FOR ELECTRIC POWER PURCHASE
Pre-bid conference 08/18/2009.
The purpose of this procurement is to solicit offers from qualified developers of generation
facilities (Contractors) in order to select one or more of these Contractors to supply
the company with long term blocks of electric power to enable the company to execute its new
electric procurement strategy for long term hedging. An electric purchase and supply
agreement will be executed between each Contractor and each of the company
participating jurisdictions. The maximum long term block of electric power to be
purchased by the company collectively from each Contractor is 25MW round the clock.
THe company shall only purchase electric power if and when the Contractor produces the
power. The purpose of this power purchase term contract is to buy power, not to
fund the capitalization of the power generation facilities.
