Document:

Exhibit

EXHIBIT 10.01-02
AMENDMENT NO. 2 OF
ARIZONA NUCLEAR POWER PROJECT
PARTICIPATION AGREEMENT

		
	PARTIES:
	ARIZONA PUBLIC SERVICE COMPANY, a corporation organized and existing under and by virtue of the laws of the State of Arizona, hereinafter referred to as "Arizona", SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT, an agricultural improvement district organized and existing under and by virtue of the laws of the State of Arizona, hereinafter referred to as "Salt River Project", SOUTHERN CALIFORNIA EDISON COMPANY, a corporation organized and existing under and by virtue of the laws of the State of California, hereinafter referred to as "Edison", PUBLIC SERVICE COMPANY OF NEW MEXICO, a corporation organized and existing under and by virtue of the laws of the State of New Mexico, hereinafter referred to as "PNM", EL PASO ELECTRIC COMPANY, a corporation organized and existing under and by virtue of the laws of the State of Texas, hereinafter referred to as "El Paso", and ARIZONA ELECTRIC POWER COOPERATIVE, INC., a corporation organized and existing under and by virtue of the laws of the State of Arizona, hereinafter referred to as "AEPCO".

		
	DATED:
	As of August 28, 1975.

WHEREAS, Arizona, Salt River Project, Tucson Gas and Electric Company ("Tucson"), PNM and El Paso entered into a certain agreement entitled Arizona Nuclear Power Project Participation Agreement, dated as of August 23, 1973 (the "Participation Agreement");

WHEREAS, Amendment No 1 of the Participation Agreement amended the Participation Agreement to reflect, among other things, the assignment and transfer to AEPCO by Arizona, Salt River Project and Tucson, collectively, of an undivided 2.4% interest in Palo Verde Nuclear Generating Station ("Palo Verde Station") and in the Project Agreement and a 2.4% Generation Entitlement Share under the Participation Agreement;

WHEREAS, pursuant to the Tucson-Edison Palo Verde Station Assignment Agreement, dated August 28, 1975, by and between Tucson and Edison (the "Assignment Agreement"), Tucson, pursuant to Section 15.3 of the Participation Agreement, assigned and transferred to Edison its undivided 15.4;

	
			
	STATE OF TEXAS
	)
	 

	 
	)
	 ss.

	County of El Paso
	)
	 

On this 24th day of May, 1976, before me, the undersigned Notary Public, personally appeared R.E. York and R. G. Crocker who acknowledged themselves to be the Vice President and Secretary of EL PASO ELECTRIC COMPANY, a Texas corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such  Vice President and Secretary.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

                
	
	
	/s/Harry A. Hampson

	Notary Public

            
My Commission Expires:

HARRY A. HAMPSON, Notary Public
In and for the County of El Paso, Texas
My Commission Expires June 1, 1977

	
			
	STATE OF ARIZONA
	)
	 

	 
	)
	 ss.

	County of Cochise
	)
	 

On this 11th day of May, 1976, before me, the undersigned Notary Public, personally appeared J.A. Kartchner and Dexter M. Smith who acknowledged themselves to be the President and General Manager of ARIZONA ELECTRIC POWER COOPERATIVE, INC., an Arizona corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such  President and General Manager.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.
                	
	
	/s/Ruth J. Hernandez

	Notary Public

        
My Commission Expires:

April  , 1980        

	
			
	STATE OF ARIZONA
	)
	 

	 
	)
	 ss.

	County of Maricopa
	)
	 

On this 12th day of April, 1976, before me, the undersigned Notary Public, personally appeared THOMAS G. WOODS, JR. and GERALD J. GRIFFIN  who acknowledged themselves to be the Vice President and Assistant Secretary of ARIZONA PUBLIC SERVICE COMPANY, an Arizona corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such  Vice President and Assistant Secretary.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

	
	
	/s/Sylvia E. Nie

	Notary Public

            
My Commission Expires:

September 9, 1978    

	
			
	STATE OF ARIZONA
	)
	 

	 
	)
	 ss.

	County of Maricopa
	)
	 

On this 19th day of April, 1976, before me, the undersigned Notary Public, personally appeared JOHN R. LASSEN and PAUL D. RICE who acknowledged themselves to be the Vice President and Secretary of SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT, an Arizona agricultural improvement district, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such  Vice President and Secretary.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

	
	
	/s/Dona Smith

	Notary Public

                
My Commission Expires:

May 3, 1979        

Interest in Palo Verde Station and in the Project Agreements and Tucson's 15.4% Generation Entitlement Share under the Participation Agreement, as amended by Amendment No. 1, and Edison, pursuant to Section 15.5 of the Participation Agreement, has accepted said assignment and transfer and has become and assumed the status and obligations of a Participant in the Palo Verde Station to the extent of Tucson's interest therein; and

WHEREAS, pursuant to a resolution adopted unanimously on or about March 5, 1975, the Administrative Committee approved the recommendation of the Project Manager to change the Scheduled Dates of Firm Operation for Palo Verde Station, Units 1, 2 and 3, and authorized and directed the Project Manager to revise the Construction Schedule accordingly;

NOW, THEREFORE, in consideration of the premises and of the covenants and conditions set forth in the Participation Agreement, as amended by Amendment No. 1, the parties hereto agree as follows:

1.    In order to reflect the assignment by Tucson to Edison as aforesaid, the Participation Agreement, as amended by Amendment No. 1, is hereby amended as follows:

1.1    Section 3.28 of the Participation Agreement, as amended, is hereby amended to read as follows:

"3.28    Generation Entitlement Share:  The percentage entitlement of each Participant to the Net Energy Generation and to the Available Generating Capability.  Each Participant's percentage entitlement is as follows:

    	
				
	3.28.1
	Arizona
	=
	28.1 percent

	3.28.2
	Salt River Project
	=
	28.1 percent

	3.28.3
	Edison
	=
	15.4 percent

	3.28.4
	PNM
	=
	10.2 percent

	3.28.5
	El Paso
	=
	15.8 percent

	3.28.6
	AEPCO
	=
	2.4 percent

1.2      Section 38.1.3 of the Participant Agreement is hereby amended to read as follows:

"38.1.3            Southern California Edison Company
c/o Secretary
P.O. Box 800
2244 Walnut Grove Avenue
Rosemead, California  91770"
            

-2-

1.3    All references to Tucson in the Participation 
Agreement, as amended, including all rights, obligations and interests of Tucson thereunder, shall be deemed to be references to, and rights, obligations and interests of Edison.

2.    In order to reflect the resolution adopted by the Administrative Committee on or about March 5, 1975, Appendix C – Construction Schedule attached to the Participation Agreement is hereby replaced with Appendix C (Revised) – Construction Schedule attached hereto.

3.    The Participation Agreement, as amended by Amendment No. 1 and this Amendment No. 2, shall remain in full force and effect.

WHEREFORE, the parties have executed this Amendment No. 2 as of the date first set forth above.  

            
	
		
	 
	ARIZONA PUBLIC SERVICE COMPANY

	ATTEST:

	By     /s/Thomas G. Woods, Jr.

	/s/Gerald J. Griffin
	                    Vice President

	Assistant Secretary

	 

	 
	SALT RIVER PROJECT AGRICULTURAL

	 
	IMPROVEMENT AND POWER DISTRICT

	ATTEST AND COUNTERSIGN:
	By    /s/John R. Lassen    

	/s/Paul D. Rice
	Vice President

	Secretary
	 

	 
	SOUTHERN CALIFORNIA EDISON

	COMPANY
	 

	ATTEST:
	By               /s/J. T. Head, Jr.    

	/s/R. D. Gorman
	Vice President

	Assistant Secretary
	 

	 
	PUBLIC SERVICE COMPANY OF

	 
	NEW MEXICO

	ATTEST:
	By                /s/C. D. Belford

	/s/Bernice B. Lopez
	Vice President

	Assistant Secretary
	 

-3-

	
		
	 
	EL PASO ELECTRIC COMPANY

	ATTEST:
	By           /s/R. E. York

	/s/R. G. Crocker
	Vice President

	Secretary
	 

	 
	ARIZONA ELECTRIC POWER

	 
	COOPERATIVE INC.

	 
	 

	ATTEST:
	By           /s/J. A. Kartchner

	/s/Dexter M. Smith
	President

	General Manager
	 

-4-

	
			
	STATE OF CALIFORNIA
	)
	 

	 
	)
	 ss.

	County of Los Angeles
	)
	 

On this 7th day of May, 1976, before me, the undersigned Notary Public, personally appeared J. T. HEAD, JR. and R. D. Gorman who acknowledged themselves to be the Vice President and Assistant Secretary of SOUTHERN CALIFORNIA EDISON COMPANY, an California corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such  Vice President and Assistant Secretary.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.
                
	
	
	/s/Dona Mary Wilcomb

	Notary Public

My Commission Expires:

June 18, 1977

	
			
	STATE OF NEW MEXICO
	)
	 

	 
	)
	 ss.

	County of Bernalillo
	)
	 

On this 7th day of May, 1976, before me, the undersigned Notary Public, personally appeared C. D. Belford and Bernice B. Lopez who acknowledged themselves to be the Vice President and Assistant Secretary of PUBLIC SERVICE COMPANY OF NEW MEXICO, a New Mexico corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such Vice President and Assistant Secretary.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

	
	
	/s/Wilma L. Rock

	Notary Public

                
My Commission Expires:

March 4, 1979    

APPENDIX C (REVISED)
CONSTRUCTION SCHEDULE
ARIZONA NUCLEAR POWER PROJECT

	
				
	Milestone
	Unit 1
	Unit 2
	Unit 3

	Selection of siting and environmental
   consultants and initiation of
   siting and environmental studies
	6/29/72
	6/29/72
	6/29/72

	Contract with engineer-constructor
	1/15/73
	1/15/73
	1/15/73

	Invitation for bids for supply of
   nuclear steam supply systems
	2/27/73
	2/27/73
	2/27/73

	Contract for wastewater effluent
	4/23/73
	4/23/73
	4/23/73

	Nuclear plant site selection
	9/1/73
	9/1/73
	9/1/73

	Contracts for nuclear steam supply
   systems and initial supply of
   Nuclear Fuel
	8/20/73
	8/20/73
	8/20/73

	Begin preliminary engineering
	8/20/73
	8/20/73
	8/20/73

	Contract for supply of turbine-
   generators
	3/21/74
	3/21/74
	3/21/74

	Submit applications to USAEC for
   construction permits
	7/11/74
	7/11/74
	7/11/74

	Submit applications to the Arizona
   Power Plant and Transmission Line
   Siting Committee for a Certificate
   of Environmental Compatibility
	10/28/75
	10/28/75
	10/28/75

	Obtain all authorizations required
   to commence construction and begin
   final design and engineering
	5/1/76
	5/1/76
	5/1/76

	Complete final design and engineering
   and submit applications to USNRC
   for operating licenses
	11/1/78
	11/1/78
	11/1/78

	Issuance of operating license and
   begin loading and start-up testing
	11/1/81
	11/1/83
	11/1/85

	Scheduled Date of Commercial
   Operation
	5/1/82
	5/1/84
	5/1/86Exhibit

EXHIBIT 10.01-03
AMENDMENT NO. 3 OF
ARIZONA NUCLEAR POWER PROJECT
PARTICIPATION AGREEMENT

		
	PARTIES:
	ARIZONA PUBLIC SERVICE COMPANY, a corporation organized and existing under and by virtue of the laws of the State of Arizona, hereinafter referred to as "Arizona", SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT, an agricultural improvement district organized and existing under and by virtue of the laws of the State of Arizona, hereinafter referred to as "Salt River Project", SOUTHERN CALIFORNIA EDISON COMPANY, a corporation organized and existing under and by virtue of the laws of the State of California, hereinafter referred to as "Edison", PUBLIC SERVICE COMPANY OF NEW MEXICO, a corporation organized and existing under and by virtue of the laws of the State of New Mexico, herein- after referred to as "PNM", and EL PASO ELECTRIC COMPANY, a corporation organized and existing under and by virtue of the laws of the State of Texas, hereinafter referred to as "El Paso".

As of July 22 1976

WHEREAS, pursuant to the Assignment of Interests, dated as of January 1, 1974, Arizona, Salt River Project and Tucson Gas and Electric Company ("Tucson"), each assigned and transferred to Arizona Electric Power Cooperative, Inc. ("AEPCO") an undivided interest in Palo Verde Station and the Project Agreements, and a Generation Entitlement Share, as set forth hereafter:
	
			
	Arizona
	1.0
	%

	Salt River Project
	1.0
	%

	Tucson
	0.4
	%

which assignment and transfer is reflected in Amendment No. 1, dated as of January 1, 1974 ("Amendment No. 1") of the Arizona Nuclear Power Project Participation Agreement, dated as of August 23, 1973 ("Participation Agreement");

WHEREAS, pursuant to the Tucson-Edison Palo Verde Station Assignment Agreement, dated August 28, 1975, Tucson assigned and transferred its undivided 15.4% interest in Palo Verde Station and in the Project Agreements and its 15.4% Generation Entitlement Share under the Participation Agreement, as amended by Amendment No. 1, together with all of its rights and obligations under said Assignment of Interests,

-1-

 dated as of January 1, 1974, to Edison, which assignment and transfer was reflected in Amendment No. 2, dated as of August 28, 1975 ("Amendment No. 2"), of the Participation Agreement; and

WHEREAS, pursuant to the Assignment and Transfer dated as of July 22, 1976 between AEPCO and Arizona and Edison and the Assignment and Transfer dated as of July 22, 1976, between AEPCO and Salt River Project, AEPCO has assigned and transferred its undivided 2.4% interest in the Palo Verde Station and the Project Agreements and its 2.4% Generation Entitlement Share under the Participation Agreement, as amended by Amendment Nos. 1 and 2, to Arizona, Salt River Project and Edison as set forth hereinafter:
	
			
	Arizona
	1.0
	%

	Salt River Project
	1.0
	%

	Edison
	0.4
	%

and Arizona, Salt River Project and Edison each to the extent of its respective interest so assigned and transferred has accepted said assignment and transfer and assumed the rights and obligations of AEPCO in the Palo Verde Station under the Participation Agreement, as amended by Amendment Nos. 1 and 2.

NOW THEREFORE, in consideration of the premises and of the covenants and conditions set forth herein and in the Participation Agreement, as amended by Amendment Nos. 1 and 2, the parties hereto agree as follows:

1.    In order to reflect the assignment by AEPCO to Arizona, Salt River Project and Edison as aforementioned, the Participation Agreement, as amended by Amendment Nos. 1 and 2, is hereby further amended as follows:

1.1    Section 3.28 of the Participation Agreement as amended, is hereby amended to read as follows:

"3.28  Generation Entitlement Share:
The percentage entitlement of each Participant to the Net Energy Generation and to the Available Generating Capability.  Each Participant's percentage entitlement is as follows:

	
					
	3.28.1
	Arizona
	=
	29.1
	percent

	3.28.2
	Salt River Project
	=
	29.1
	percent

	3.28.3
	Edison
	=
	15.8
	percent

	3.28.4
	PNM
	=
	10.2
	percent

	3.28.5
	El Paso Electric
	=
	15.8
	percent

1.2    Section 38.1.6 of the Participation Agreement, as amended, is hereby deleted.  

-2-

2.       All references to AEPCO in the Participation Agreement, as amended by Amendment Nos. 1 and 2, and all Project Agreements, including all rights, obligations and interests of AEPCO thereunder, shall be deemed to be references to, and rights, obligations and interests of Arizona, Salt River Project and Edison, respectively, to the extent of their acceptance of AEPCO's undivided 2.4% interest in the Palo Verde Station.

3.       The Participation Agreement, as amended by Amendment Nos. 1 and 2 and this Amendment No. 3, shall remain in full force and effect.

WHEREFORE, the parties have executed this Amendment No. 3 as of the date set forth above.

	
			
	 
	ARIZONA PUBLIC SERVICE COMPANY

	ATTEST:
	By
	/s/[ILLEGIBLE]

	/s/[ILLEGIBLE]
	 
	Its Vice President-[ILLEGIBLE]

	Its /s/Wm. I. Quinsler. Secretary
	 
	 

	 
	 
	SALT RIVER PROJECT AGRICULTURAL    IMPROVEMENT AND POWER DISTRICT

	ATTEST AND COUNTERSIGN:
	By
	/s/Karl F. Abel

	 
	 
	Its President

	/s/Paul D. Rice
	 
	 

	Its Secretary
	 
	 

-3-

	
			
	 
	 
	SOUTHERN CALIFORNIA EDISON COMPANY

	ATTEST:
	By
	/s/[ILLEGIBLE]

	/s/[ILLEGIBLE]
	 
	Its Vice President

	Its Assistant Secretary
	 
	 

	 
	 
	PUBLIC SERVICE COMPANY OF NEW MEXICO

	ATTEST:
	 
	 

	/s/[ILLEGIBLE]
	By
	/s/C. D. Bedford

	Its [ILLEGIBLE]
	 
	Its Vice President

	 
	 
	 

	/s/R. G. Crocker
	 
	EL PASO ELECTRIC COMPANY

	Its Secretary
	 
	 

	 
	By
	/s/R. E. York

	 
	 
	Its Senior Vice President

-4-

	
			
	STATE OF ARIZONA
	)
	 

	 
	)
	ss.

	County of Maricopa
	)
	 

On this 9th day of March, 1977, before me, the undersigned Notary Public, personally appeared             Edwin E. Van Bront and Wm. I. Quinsler, who acknowledged themselves to be the Vice President and Secretary of ARIZONA PUBLIC SERVICE COMPANY, an Arizona corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such Vice President and Secretary.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.
	
	
	/s/[ILLEGIBLE]

	Notary Public

	My Commission Expires Jan. 24, 1981

My Commission Expires:
	
			
	STATE OF ARIZONA
	)
	 

	 
	)
	ss.

	County of Maricopa
	)
	 

On this 11th day of March, 1977, before me, the undersigned Notary Public, personally appeared 
 KARL F. ABEL and Paul D. Rice, who acknowledged themselves to be the  President and Secretary of SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT, an Arizona agricultural improvement district, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such President and Secretary.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.
	
	
	/s/[ILLEGIBLE]

	Notary Public

My Commission Expires:

 [ILLEGIBLE]    

	
			
	STATE OF CALIFORNIA
	)
	 

	 
	)
	ss.

	County of Los Angeles
	)
	 

On this 4th day of  April, 1977, before me, the undersigned Notary Public, personally appeared [ILLEGIBLE] and [ILLEGIBLE] who acknowledged themselves to be the Vice President and Secretary of SOUTHERN CALIFORNIA EDISON COMPANY, a California corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such Vice President and Secretary.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.
	
	
	/s/[ILLEGIBLE]

	Notary Public

My Commission Expires:    

7/11/79    

	
			
	STATE OF NEW MEXICO
	)
	 

	 
	)
	ss.

	County of Bernalillo
	)
	 

On this 25th day of April, 1977, before me, the undersigned Notary Public, personally appeared 
/s/ C. D. Bedford and [ILLEGIBLE], who acknowledged themselves to be the Vice President and Asst. Secretary of PUBLIC SERVICE COMPANY OF NEW MEXICO, a New Mexico corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such Vice President and Assistant Secretary.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

	
	
	/s/[ILLEGIBLE]

	Notary Public

My Commission Expires:

Jan. 4, 1981    

	
			
	STATE OF TEXAS
	)
	 

	 
	)
	ss.

	County of El Paso
	)
	 

On this 13th day of  April, 1977, before me, the undersigned Notary Public, personally appeared R. E. York and R. G. Crocker, who acknowledged themselves to be the Senior Vice President and Secretary of EL PASO ELECTRIC COMPANY, a Texas corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such Senior Vice President and Secretary.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.
	
	
	/s/James E. Brown

	Notary Public

	James E. Brown, Notary Public

	In and for the County of El Paso, Texas

	My Commission Expires June 1, 1977

My Commission Expires:    

June 1, 1977

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00280-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00280-of-00352.parquet"}]]