Document:

Exhibit 10.23

                                                                EXECUTION COPY

                                                         PUBLIC RELEASE VERSION

                            POWER PURCHASE AGREEMENT

                                     BETWEEN

                           KISSIMMEE UTILITY AUTHORITY

                                       AND

                         SOUTHERN COMPANY - FLORIDA LLC

                           Dated as of March 19, 2001

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                                TABLE OF CONTENTS

<TABLE>
<CAPTION>

Section                                                                                                        Page

<S>                                                                                                               <C>
SECTION 1 DEFINITIONS AND EXPLANATION OF TERMS                                                                    2

SECTION 2 TERM OF AGREEMENT                                                                                      13

SECTION 3 CONDITIONS PRECEDENT                                                                                   14

SECTION 4 SALE AND PURCHASE                                                                                      14

SECTION 5 SCHEDULE FOR DELIVERY OF CAPACITY AND ENERGY                                                           28

SECTION 6 REQUESTS FOR ENERGY; OPERATION AND MAINTENANCE                                                         30

SECTION 7 INTERCONNECTION AND TRANSMISSION                                                                       32

SECTION 8 RISK OF LOSS; METERING                                                                                 33

SECTION 9 METHOD OF PAYMENT                                                                                      34

ARTICLE 10 CHANGE IN LAW; MODIFICATION OF AGREEMENT                                                              35

SECTION 11 FORCE MAJEURE                                                                                         36

SECTION 12 EVENTS OF DEFAULT; TERMINATION                                                                        37

SECTION 13 WAIVER                                                                                                41

SECTION 14 REPRESENTATIONS AND WARRANTIES                                                                        41

SECTION 15 PERFORMANCE ASSURANCE                                                                                 44

SECTION 16 LIABILITY OF PARTIES                                                                                  46

SECTION 17 ASSIGNMENT                                                                                            50

SECTION 18 DISPUTE RESOLUTION                                                                                    51

SECTION 19 AMENDMENT                                                                                             52

SECTION 20 NOTICES                                                                                               52

SECTION 21 APPLICABLE LAW                                                                                        53

SECTION 22 SEVERABILITY                                                                                          53

SECTION 23 ENTIRE AGREEMENT                                                                                      54

SECTION 24 NO THIRD PARTY BENEFICIARIES                                                                          54

SECTION 25 COUNTERPARTS                                                                                          54

SECTION 26  INFORMATION AND CONFIDENTIALITY                                                                      54

SECTION 27 PUBLIC STATEMENTS                                                                                     55

SECTION 28 INSURANCE                                                                                             56

SECTION 29 TAXES                                                                                                 56

</TABLE>

APPENDIX A                 TECHNICAL LIMITS

APPENDIX B                 REQUESTS FOR ENERGY

APPENDIX C                 CAPACITY TESTING PROCEDURE

APPENDIX D                 EXAMPLE CALCULATIONS

APPENDIX E        AFFILIATE GUARANTEE

<PAGE>

                            POWER PURCHASE AGREEMENT

                  This Power Purchase Agreement (this "Agreement") is made and
entered into as of the 19th day of March, 2001, by and between Kissimmee Utility
Authority, a statutory legal authority existing under the laws of the State of
Florida ("Purchaser"), and Southern Company - Florida LLC, a limited liability
company organized and existing under the laws of the State of Delaware
("Seller"). Purchaser and Seller are hereinafter each referred to individually
as a "Party" and collectively as the "Parties."

                                    RECITALS

                  WHEREAS, in addition and supplemental to their other powers,
OUC, KUA and FMPA (the "Public Agencies"), pursuant to the Florida Interlocal
Cooperation Act of 1969, Chapter 163, Part I, Florida Statutes, (the "Interlocal
Act") are authorized and empowered to cooperate with each other on a basis of
mutual advantage and thereby to provide services and facilities in a manner and
pursuant to forms of government organizations that will best accord with
geographic, economic, electrical generation requirements and other factors; and

                  WHEREAS, the Ownership Agreement was entered into by the
Public Agencies as an interlocal agreement, to invoke all of the powers of the
Interlocal Act, for the purpose of providing a structure for the Public
Agencies, in participation with Seller, a foreign public utility, to operate,
maintain, repair, improve, extend, or otherwise participate jointly in a nominal
six hundred thirty-three (633) megawatt combined cycle electric generating
facility (the "Facility"), which is proposed, and which is to be constructed,
owned, and located within the State of Florida by Seller and the Public
Agencies; and

                  WHEREAS, Seller intends to sell to Purchaser, and Purchaser
intends to purchase from Seller, a portion of Seller's share of the Capacity and
Energy generated by the Facility in accordance with the terms and conditions of
this Agreement and in full compliance with the Interlocal Act; and

                  WHEREAS, Seller and Purchaser acknowledge that this Agreement
is one of three substantially similar contracts through which Seller will sell
and the three Purchasers will individually purchase their respective designated
shares of Seller's share of the Capacity and Energy generated by the Facility;
and

         WHEREAS, this Agreement and the two substantially similar contracts are
entered into to invoke all of the powers of the Interlocal Act for the purpose
of obligating Customers, pursuant to such Interlocal Act, to purchase Seller's
share of the Capacity of and Energy generated by the Facility in accordance with
the terms and conditions of this Agreement.

         NOW, THEREFORE, for the purpose of exercising all of the powers
enumerated in the Interlocal Act and the Florida Joint Power Act, Part II of
Chapter 361, Florida Statutes, (the "Joint Power Act") (collectively, the
"Acts"), Purchaser, hereby designates this Agreement as an interlocal agreement
within the meaning and intent of the Interlocal Act, and invokes all powers
contained therein with full powers to perform all of the provisions herein
authorized to be performed by the Parties; and

         FURTHER, NOW, THEREFORE, in consideration of the mutual promises,
covenants and agreements set forth herein, and other good and valuable
consideration, the receipt, sufficiency and adequacy of which are hereby
acknowledged, the Parties, intending to be legally bound hereby agree as
follows:

                                    SECTION 1
                      DEFINITIONS AND EXPLANATION OF TERMS

1.1               Definitions.  When  used in this  Agreement,  the  following
 capitalized  terms  shall  have the  meanings set forth below:

1.1.1 "Actual Availability" has the meaning given such term in Section 4.3.3 or
4.3.4, as applicable.

1.1.2 "Actual Capability" means the amount of Capacity the Facility is capable
of producing in any given hour.

     1.1.3 "AGC" means automatic generation control,  which is the capability to
make  automatic  adjustments  to load change by generation  through the use of a
digital computer.  This control is based on such factors as frequency,  cost and
tie line flows.

     1.1.4  "Agreement"  means  this Power  Purchase  Agreement,  including  all
appendices  attached hereto and all amendments hereto that may be made from time
to time.

     1.1.5 "Alternate Resources" has the meaning given such term in Section 4.4.

     1.1.6 "Ancillary Services" means ancillary services customarily provided by
an electric generating facility,  including voltage/VAR control, load following,
regulation and frequency response, spinning reserve and non-spinning reserve.

     1.1.7 "Annual Capacity Charge" means (i) [redacted].

     1.1.8 "Annual  Purchaser's  Capacity  Nomination"  of the Purchaser  means,
during the first five  Contract  Years,  six and one half percent  (6.5%) of the
Demonstrated Capability,  and thereafter, six and one half percent (6.5%) of the
Demonstrated  Capability reduced by those amounts, if any, that Purchaser elects
to subtract  from the Capacity  available  to Purchaser  pursuant to the process
provided in Section 4.1.4 for the Customers jointly to make such elections.

     1.1.9  "Availability  Guarantee" has the meaning given such term in Section
4.3.1.

     1.1.10 "Availability  Incentive Payment" has the meaning given such term in
Section 4.3.2.

     1.1.11  "Bankruptcy" means, with respect to a Party, (i) an adjudication of
bankruptcy  or  insolvency,  or the  entry of an order  for  relief,  under  any
Bankruptcy  Law with respect to such Party;  (ii) the making by such Party of an
assignment for the benefit of its creditors; (iii) the filing by such Party of a
petition in bankruptcy or for relief under any  Bankruptcy  Law; (iv) the filing
by such Party of an answer or  pleading  admitting  or  failing  to contest  the
material allegations of any such petition;  (v) the filing against such Party of
any petition in bankruptcy or for relief under any  Bankruptcy  Law (unless such
petition is dismissed  within ninety (90) days from the date of filing thereof);
(vi) the appointment of a trustee, conservator or receiver for such Party or for
all or  substantially  all of its assets (unless such  appointment is vacated or
stayed within ninety (90) days of such appointment); or (vii) the taking by such
Party of any action for its  winding up or  liquidation,  or the consent by such
Party to any of the actions  described  in clauses (i) through  (vi) being taken
against it.

     1.1.12  "Bankruptcy  Law" means any  applicable  bankruptcy  or  insolvency
statute.

     1.1.13 "Bond Legislation" shall mean the Composite  Resolution of Kissimmee
Utility  Authority,  comprised of the  Original  Resolution  No.  5-83,  adopted
January 20, 1983, as amended by (a)  Resolution No. R91-9,  adopted  December 4,
1991; (b) Resolution No. R91-10, adopted on December 4, 1991; (c) Resolution No.
93-14,  adopted  December  15,  1993;  and (d)  Resolution  No.  99-12,  adopted
September 22, 1999.

     1.1.14 "BOP  Capital  Cost  Range" has the meaning  ascribed to the term in
Section 6.7.1 of the Ownership Agreement.

     1.1.15  "Business Day" means any day other than Saturday or Sunday on which
commercial banks are authorized to open for business in Orlando, Florida.

     1.1.16 "Capacity" means electric capacity.

     1.1.17 "Capacity  Emergency"  means, with respect to any hour, that any one
or more of Purchaser's  resources is unavailable  due to a forced outage and the
summation of such Purchaser's firm Capacity obligations exceeds the summation of
such Purchaser's available resources.

     1.1.18 "Capacity Payment" has the meaning given such term in Section 4.1.1.

     1.1.19 "Change in Law" has the meaning given such term in Section 10.1.3.

     1.1.20 "Collateral Documents" means, collectively, the Ownership Agreement,
the Operating  Agreement,  the  Interconnection  Agreement,  the Power  Purchase
Agreements of the other  Customers,  the long term lease of the Facility Site by
OUC to and for the benefit of the Participants,  the guarantee to be provided by
an affiliate of Seller as  contemplated  in Section 16.3,  and the  agreement(s)
pursuant to which Purchaser  and/or the other Customers  provide station service
and other support services (including but not limited to demineralized water and
cooling water supply) to Seller.

     1.1.21 "Commencement Date" has the meaning given such term in Section 5.2.

     1.1.22 "Commercial Operation Date" has the meaning ascribed to such term in
Section 1.1.13 of the Ownership Agreement.

     1.1.23  "Confidential  Information"  has the  meaning  given  such  term in
Section 26.

     1.1.24 "Contract Year" means (i) the period  commencing on the Commencement
Date or, if Seller elects the option under Section 4.5(ii)(a),  the later of the
Commencement Date or Scheduled  Commencement Date, and ending on the last day of
the month in which the first  anniversary date of the  Commencement  Date falls,
and (ii) each twelve  (12)-month period  thereafter,  except that for the twelve
(12)-month  period  during  which the  expiration  or  termination  date of this
Agreement  occurs,  Contract Year shall mean the period  commencing on the first
day  of  such  twelve  (12)-month  period  and  ending  on  such  expiration  or
termination date.

     1.1.25  "Customers"  means  collectively  all  of  OUC,  Kissimmee  Utility
Authority  and Florida  Municipal  Power Agency (All  Requirements  Power Supply
Project), or their permitted assigns.

     1.1.26 "Delivered Energy" means, in respect of a period of time, the amount
of Energy from the Facility or from Alternate  Resources  delivered by Seller to
Purchaser  at the  Delivery  Point  for  sale  to  Purchaser  pursuant  to  this
Agreement.

     1.1.27 "Delivery Point" means (a) with respect to Energy delivered from the
Facility,  the high side of generator step-up transformer,  as further described
in the Interconnection  Agreement, and (b) with respect to Energy delivered from
Alternate Resources, any unconstrained point on the Grid.

     1.1.28  "Demonstrated  Capability"  means the net Capacity of the Facility,
determined by a periodic Capacity test,  adjusted to seventy degrees  Fahrenheit
(70(degree)F) and forty-five percent (45%) relative humidity.

     1.1.29 "Dispute" has the meaning given such term in Section 18.

     1.1.30 "Eastern  Prevailing Time" or "EPT" means the time prevailing in the
Eastern time zone of the United States of America.

     1.1.31 "Effective Date" has the meaning given such term in Section 3.1.

     1.1.32  "Eligible  Collateral"  has the meaning  given such term in Section
15.1.1.

     1.1.33 "Energy" means electric energy (expressed in megawatt-hours).

     1.1.34 "Energy Payment" has the meaning given such term in Section 4.2.

     1.1.35 "Equipment  Breakdown" means a mechanical  breakdown of equipment at
the Facility  that is not the result of a Force Majeure that is an act of God or
public enemy; landslide; sinkhole; lightning; earthquake; fire (unless caused by
Seller's  willful  misconduct or failure to follow  Prudent  Utility  Practice);
storm; ice; snow;  hurricane;  tornado;  wind; flood;  riot; civil  disturbance;
insurrection;  war;  sabotage;  terrorism;  failure of  contractors or suppliers
(including, in the case of Seller, OUC and other Customers providing services to
Seller) to provide  fuel,  equipment,  material or services,  provided that such
failure would  qualify as a Force  Majeure under Section  1.1.44 if such failure
were directly experienced by the applicable Party.

     1.1.36  "Equity  Capacity"  with  respect  to each  Participant  means that
Participant's  percentage share of the Capacity of the Facility corresponding to
such Participant's ownership interest in the Facility.

     1.1.37  "Event of Default"  means any of the events listed in Sections 12.1
and 12.2.

     1.1.38  "Facility"  means the gas fired combined cycle electric  generating
unit to be located on the Facility Site and owned by the  Participants,  and its
associated interconnection  facilities, as defined in the Ownership Agreement by
the terms "Facility" and "Interconnection Facilities."

     1.1.39  "Facility  Site"  means the parcel of land in  Orlando,  Florida on
which the Facility is to be located,  as further described in Appendix A. 1.1.40
"FDEP" means the Florida Department of Environmental Protection or any successor
Governmental Body exercising the same or equivalent jurisdiction.

     1.1.41  "FERC"  means  the  Federal  Energy  Regulatory  Commission  or any
successor Governmental Body exercising the same or equivalent jurisdiction.

     1.1.42 "Firm Transmission  Service" means (a) electric transmission service
designated  firm under the open  access  transmission  tariff of a  transmission
provider  having an open access  transmission  tariff or (b) if purchased from a
transmission  provider  that does not have an open access  transmission  tariff,
electric  transmission  service  sold  by  such  transmission  provider  as firm
transmission  service and  generally  considered,  pursuant  to Prudent  Utility
Practice  and FRCC  requirements,  to be  substantially  equivalent  to the firm
transmission service referenced in item (a) of this definition.

     1.1.43  "Fixed  Amount"  has the  meaning  ascribed to such term in Section
6.7.1 of the Ownership Agreement.

     1.1.44 "Force Majeure" as to a Party means each of the following  events as
affects  the  Facility:  act  of  God  or  public  enemy;  landslide;  sinkhole;
lightning;  earthquake;  fire (unless caused by the applicable  Party's  willful
misconduct or failure to follow Prudent  Utility  Practice);  storm;  ice; snow;
hurricane;  tornado;  wind; flood; riot; civil disturbance;  insurrection;  war;
sabotage;  terrorism;  shutdown of the Facility by a court order or Governmental
Body not resulting from any action or inaction by the applicable Party;  strike,
lockout or labor difficulty  affecting the SEC Site generally  (excluding in the
case of Seller any strike,  lockout or labor  difficulty that is limited only to
employees  of either  Seller or its  affiliates,  and  excluding  in the case of
Purchaser any strike,  lockout or labor difficulty limited only to the employees
of Purchaser);  failure of contractors or suppliers  (including,  in the case of
Seller,  OUC and other Customers  providing services to Seller) to provide fuel,
equipment,  material or services,  provided that such failure would qualify as a
Force Majeure under this provision if such failure were directly  experienced by
the  applicable  Party;  or  any  other  occurrence,  nonoccurrence  or  set  of
circumstances, whether or not foreseeable, that is beyond the reasonable control
of the  applicable  Party and is not  caused or  exacerbated  by the  applicable
Party's failure to follow Prudent Utility Practices.

     1.1.45  "FRCC" means the Florida  Reliability  Coordinating  Council or any
successor organization.

     1.1.46 "Fuel Supply Agent" has the meaning given such term in the Operating
Agreement.

     1.1.47 "Further Extension" has the meaning given such term in Section 2.3.

     1.1.48 "Gas  Delivery  Point" shall have the meaning  assigned to it in the
Operating Agreement.

     1.1.49  "Governmental Body" shall mean, except as provided in the following
sentence,  (i) any local,  state,  regional  or federal  administrative,  legal,
judicial,  or executive agency,  court,  commission,  department or other entity
having  jurisdiction or binding authority over any element of the Project or the
performance of the Parties under this Agreement or the Collateral Documents, but
excluding any agency, commission,  department or other such entity acting in its
capacity as lender,  guarantor  or  mortgagee  and (ii) NERC,  FRCC and any RTO.
Except  as  expressly  provided  otherwise  in this  Agreement,  the  definition
"Governmental  Body"  shall be deemed to not include  OUC,  KUA and FMPA for the
purposes of this Agreement.

     1.1.50  "Grid" means (i) OUC's  electric  transmission  system,  or (ii) if
ownership or control of and jurisdiction over OUC's electric transmission system
is  succeeded  to by an  RTO or  other  entity,  the  portion  of  the  electric
transmission  system of that RTO or other  successor  entity  that most  closely
resembles  the OUC electric  transmission  system as it existed on the effective
date of this Agreement.

     1.1.51  "Guaranteed  Output" means in any given hour the amount of Capacity
(in MWh per hour)  determined  by adjusting the  Demonstrated  Capability to the
prevailing  ambient  conditions  in such  hour and  adjusting  for  degradation.
[redacted]

     1.1.52  "Indemnified  Parties"  has the meaning  given such term in Section
16.1.1.

1.1.53   "Indemnifying Party" has the meaning given such term in Section 16.1.1.

     1.1.54  "Interconnection  Agreement"  means  that  certain  Interconnection
Agreement  expected to be entered into among the Participants in 2001, the entry
into of which is a condition precedent to the effectiveness of this Agreement.

1.1.55   "Interconnection Meters" has the meaning given such term in Section
8.2.

1.1.56   "Lender" has the meaning given such term in Section 12.3.

     1.1.57  "Law"  shall  mean  all  constitutions,   charters,   laws,  codes,
ordinances,  orders, judgments, decrees, injunctions,  licenses, rules, permits,
approvals,   regulations  and  requirements  of  every  Governmental   Authority
(including  OUC)  having  jurisdiction  over the  matter  in  question,  whether
federal,  state or local,  which may be applicable to any Party,  as required by
the context in which used, or to the Facility or OUC Interconnection Facilities,
or to the  use,  manner  of use,  occupancy,  possession,  planning,  licensing,
design,  procurement,  construction,  acquisition,  testing, startup, operation,
maintenance, management, control, addition, renewal modification, replacement or
disposal of the Facility and the OUC  Interconnection  Facilities or any portion
or portions thereof.

     1.1.58  "Market  Price"  shall mean the price  established  by  Seller,  or
negotiated  and agreed upon by the  Parties,  as the case may be, upon  Seller's
election  pursuant to Section 2.3 with respect to any Further  Extension,  which
shall become the Annual  Capacity  Charge for Capacity to be delivered by Seller
during such Further Extension  consistent with all other terms and conditions of
this Agreement.

     1.1.59  "Meters"  means  the   Interconnection   Meters  and/or  Customers'
check-meters, as applicable.

     1.1.60  "Minor  Maintenance"  shall mean  maintenance  events  lasting  not
greater than 72 hours per  occurrence,  which have been  scheduled and for which
Purchaser and the other  Customers have given consent in accordance with Section
6.4.

     1.1.61 "MMBtu" means one million British  thermal units,  where one British
thermal unit is the amount of heat required to raise the  temperature of one (1)
pound of water one (1) degree Fahrenheit from sixty (60) degrees Fahrenheit.

     1.1.62 "MW" means megawatt.

     1.1.63 "MWh" means megawatt-hour.

     1.1.64  "NERC" means the North  American  Electric  Reliability  Council or
successor organization.

     1.1.65  "Non-Performing  Party" has the meaning  given such term in Section
11.1.

     1.1.66  "Notice of Intent to Terminate"  has the meaning given such term in
Section 12.3.

1.1.67 "Off-Peak Period" means all the days of any given Contract Year other
than the Peak Period days.

     1.1.68  "Operating   Agreement"  means  that  certain  Operating  Agreement
expected to be entered into among the  Participants  in 2001,  the entry into of
which is a condition precedent to the effectiveness of this Agreement.

     1.1.69 "Operating  Period" means the period from the beginning of the first
Contract Year until the end of the last Contract Year.

     1.1.70 "OUC" means Orlando Utilities Commission.

     1.1.71 "OUC  Interconnection  Facilities"  means the  modifications  to the
Stanton  Substation  reasonably  required for the receipt and delivery of Energy
from the Facility onto the Grid consistent with Prudent Utility Practice.

     1.1.72  "Ownership  Agreement"  means that certain  Stanton  Energy  Center
Combined Cycle Unit A Construction and Ownership Participation Agreement entered
into among the Participants as of March 19, 2001.

     1.1.73  "Participant" or  "Participants"  mean individually or collectively
Orlando Utilities  Commission,  Kissimmee Utility  Authority,  Florida Municipal
Power Agency (All Requirements Power Supply Project) and Seller.

     1.1.74  "Parties" has the meaning given such term in the first paragraph of
this Agreement.

     1.1.75 "Peak  Period"  means for any given  Contract  Year the periods that
include  the days from  January 1 through  March 15,  inclusive,  May 15 through
September 15, inclusive, and December 15 through December 31, inclusive.

     1.1.76  "Permit"  means any permit,  license,  approval,  consent,  waiver,
authorization or other  requirement in connection with the Project required from
any Governmental Body under applicable Law.

     1.1.77 "Person" means any  individual,  partnership,  corporation,  limited
liability  company,  association,  business,  trust,  Governmental Body or other
entity.

     1.1.78  "Planned  Major  Maintenance"  means the Gas Turbine (GT) Combustor
Inspection,  the GT Hot Gas Path  Inspection,  and the GT Major  Inspection,  as
these inspections are defined in the maintenance agreement with the GT vendor.

     1.1.79 "Power Purchase  Agreements"  means this Agreement and those certain
similar  power  purchase  agreements  between  Seller  and the  other  Customers
respecting the delivery of Capacity and Energy from Seller's  ownership share of
the Capacity and Energy of the Facility.

     1.1.80 "Prime Rate" means the prime rate of interest as published from time
to  time  in  the  Wall  Street  Journal  or  such  other  comparable  successor
publication  as the  Participants  may  agree  upon.  The  Prime  Rate  shall be
calculated  on the basis of a 365-day year for the actual  number of days that a
payment, reimbursement or adjustment, as the case may be, has not been made.

     1.1.81  "Project"  means  the  Facility,  the  Facility  Site and all other
appliances,  parts, instruments,  appurtenances,  accessories and other property
that may be  incorporated  or installed in, or otherwise  become part of, any of
the foregoing.

     1.1.82 "Prudent Utility  Practice" means any of the practices,  methods and
acts engaged in, or approved by, a significant  portion of the electric  utility
industry  in the United  States (or, if more  stringent,  any of the  practices,
methods  and acts  engaged  in, or  approved  by, a  significant  portion of the
electric  utility  industry  in  the  region  covered  by  the  FRCC)  operating
facilities of a size and technology  similar to the Facility during the relevant
time period or any of the practices, methods and acts, which, in the exercise of
reasonable  judgment in light of the facts known, or that reasonably should have
been  known,  at the time the  decision  was made,  could have been  expected to
accomplish the desired result at a reasonable  cost  consistent  with applicable
Laws,  reliability,  safety and  expedition.  Prudent  Utility  Practice  is not
intended to be limited to the optimum  practice,  method or act to the exclusion
of all others, but rather to be acceptable practices, methods and acts generally
accepted in the United States and having due regard for current  editions of the
National Electrical Safety Code, the National Electric Code and other applicable
electrical,   safety  and  maintenance   codes  and  standards,   manufacturers'
warranties and applicable Laws.

     1.1.83 "Request for Energy" or "Schedule"  means a request for the delivery
of Energy made by  Purchaser  and the other  Customers  in  accordance  with the
process  provided  in  Section 6 and  Appendix  B for the  Customers  jointly to
Schedule Energy, and any adjustments thereto made in accordance with Appendix B.

     1.1.84 "RTO" means a regional transmission organization.

     1.1.85  "Scheduled  Commencement  Date" means the date that is  twenty-four
(24) months after the receipt of the Site Certification and all other Permits to
be  obtained  by the  Customers  that  are  necessary  for  Seller  to  commence
construction,  as such date may be extended under the provisions of Section 5.1,
but in no event earlier than October 1, 2003.

     1.1.86  "Scheduled  Maintenance"  means the  removal of the  Facility  or a
component  thereof from service  (which  removal  reduces the  capability of the
Facility to operate) to perform maintenance,  overhaul,  inspection,  testing or
repair work, as contemplated in Section 6.4.

     1.1.87 "SEC Site" means the parcel of land in Orlando, Florida on which the
fossil  fired  generating  stations  Stanton  Unit # 1 and  Stanton  Unit #2 are
located, including the parcel of land on which the Facility is to be located.

     1.1.88  "Seller" has the meaning given such term in the first  paragraph of
this Agreement.

     1.1.89 "Site  Certification" means (i) the final approval by the applicable
Governmental  Body  of  the  initial  need  for  power  determination  and  site
certification permit applications pursuant to the Florida Electrical Power Plant
Siting  Act,  and  (ii)  the  receipt  of the air  construction  (Prevention  of
Significant  Deterioration)  permit  by  OUC  issued  by  FDEP  pursuant  to the
delegated authority of the United States  Environmental  Protection Agency under
the Clean Air Act Amendments of 1977.

     1.1.90 "Technical Limits" means the limits and constraints  relating to the
operation and maintenance of the Facility, as described in Appendix A.

     1.1.91  "Termination  Payment" means the payment to be paid by a Defaulting
Party to the Non-Defaulting Party under in Section 12.5.1.

     1.1.92  "Test  Energy"  means (i) Energy  produced by the  Facility  during
testing of the Facility prior to the Commencement Date; and (ii) Energy produced
by the  Facility  during  periodic  tests  of  the  Facility's  Capacity  output
capability following the Commencement Date.

1.2 Rules of Construction. In this Agreement, unless the context otherwise
requires, the singular shall include the plural, the masculine shall include the
feminine and neuter, and vice versa. The terms "include," "includes" and
"including" shall be deemed to be followed by the words "without limitation."
The term "month" refers to a calendar month, and any period measured by a
"month" from a reference date refers to the period beginning on such reference
date and ending on the same date of the next succeeding calendar month or, if no
such date exists in the next succeeding calendar month, the last day of such
next succeeding calendar month. References to a Section, Table or Appendix shall
be references to a Section of, Table of or Appendix to this Agreement unless
specifically stated otherwise. A reference to a given agreement or instrument
shall be a reference to that agreement or instrument as modified, amended,
supplemented and restated through the date as of which such reference is made.
The term "or" is not exclusive, the term "shall" is mandatory and the term "may"
is permissive. In the event that any index or publication referenced in this
Agreement ceases to be published, each such reference shall be deemed to be a
reference to a successor or alternate index or publication reasonably agreed by
the Parties. Both Parties acknowledge that each was actively involved in the
negotiation and drafting of this Agreement and that no law or rule of
construction shall be raised or used in which the provisions of this Agreement
shall be construed in favor of or against either Party because one is deemed to
be the author thereof.

1.3 Consents. Whenever the consent or approval of either Party is required under
this Agreement, such consent or approval shall not be unreasonably withheld,
unless this Agreement provides that such consent or approval is to be given by
such Party at its sole or absolute discretion or is otherwise qualified.

                                    SECTION 2
                                TERM OF AGREEMENT

         2.1      Initial Term.
                  ------------

                  2.1.1    This Agreement shall become effective as set forth in
                           Section 3.1, and shall remain in full force and
                           effect, subject to the early termination provisions
                           set forth herein, through the later of (i) the last
                           day of the month in which the tenth (10th)
                           anniversary of the Scheduled Commencement Date occurs
                           or (ii) the last day of the month in which the tenth
                           (10th) anniversary of the Commencement Date occurs
                           (the "Initial Term").

                  2.1.2    Notwithstanding the provisions of Section 2.1.1, the
                           Initial Term shall terminate on (a) November 30, 2013
                           if Section 2.1.1 yields an end date falling between
                           December 1, 2013 and April 30, 2014, inclusive, or
                           (b) November 30, 2014 if Section 2.1.1 yields an end
                           date that falls on or after May 1, 2014.

         2.2 Extension of Initial Term.The Initial Term shall be automatically
extended an additional five (5) years from the end of the Initial Term
("Extended Term"); provided, however, that the Purchaser shall have the option
to elect to terminate this Agreement effective on the last day of the Initial
Term by providing written notice of such election to Seller no later than the
date that is three (3) years prior to the end of the Initial Term.

         2.3 Extensions of Extended Term. The Extended Term shall be
automatically extended three (3) successive periods of five (5) years each from
the end of the Extended Term (the "Further Extensions"); provided, however, that
the Purchaser shall have the option to elect to terminate this Agreement
effective on the last day of any of (i) the Extended Term, (ii) the first
Further Extension, or (iii) the second Further Extension, by providing written
notice of such election to Seller no later than the date that is, respectively,
three (3) years prior to the end of the Extended Term, three (3) years prior to
the end of the first Further Extension, or three (3) years prior to the end of
the second Further Extension, as the case may be; provided, further, that with
respect to each Further Extension, Seller shall have the right to establish the
Annual Capacity Charge for such Further Extension based on Seller's then-current
assessment of market conditions by providing Purchaser written notice of the new
proposed Annual Capacity Charge no later than the date that is three and
one-half (3 1/2) years prior to the date that such Further Extension period is
scheduled to begin, subject to Purchaser's right to request that Seller
negotiate in good faith to agree on any other price that Purchaser believes in
good faith reflects current market conditions.

         2.4 Survival. Applicable provisions of this Agreement shall continue in
effect after termination to the extent necessary to satisfy the terms and
conditions of this Agreement and, as applicable, to provide for: final billings
and adjustments related to the period prior to termination, repayment of any
money due and owing either Party pursuant to this Agreement, repayment of
principal and interest associated with security funds, and the indemnifications
specified in this Agreement.

                                    SECTION 3
                              CONDITIONS PRECEDENT

         3.1 Condition Precedent to Effectiveness. The Parties agree and
acknowledge that this Agreement shall be effective only upon the date on or
before which both of the following have occurred (such date, the "Effective
Date"): (i) the execution and delivery of the Ownership Agreement and the
Operating Agreement and all other Collateral Documents; and (ii) the
acknowledgment of the Participants' satisfaction of the foregoing condition and
the accuracy of the cross-references to the Collateral Documents contained in
this Agreement.

         3.2 Conditions Precedent to Obligations. Notwithstanding any provisions
of this Agreement to the contrary, the obligations of the Parties to this
Agreement shall be subject to the fulfillment of each of the conditions (or the
waiver in writing of such conditions by the respective Party or Parties) set
forth in Article 8 of the Ownership Agreement.

                                    SECTION 4
                                SALE AND PURCHASE

         4.1 Capacity Delivery and Payment. Subject to the terms and conditions
of this Agreement, during the Operating Period, Seller agrees to deliver and
sell to Purchaser and Purchaser agrees to receive and purchase from Seller up to
six and one half percent (6.5%) of the Actual Capability of the Facility in
accordance with the following provisions:

          4.1.1 The Capacity payment (the "Capacity Payment" or "CP") in respect
     of each month during the Operating  Period shall be an amount equal to: the
     product  of  the  Annual  Purchaser's  Capacity  Nomination  (expressed  in
     kilowatts)  multiplied by the Annual Capacity Charge. For any partial month
     during the Operating  Period,  the Capacity  Payment shall equal the amount
     determined  pursuant  to the formula  set forth in the  preceding  sentence
     multiplied  by a fraction,  the numerator of which is the number of days of
     such partial  month within the Operating  Period,  and the  denominator  of
     which is the total number of days in such month. If the Annual  Purchaser's
     Capacity  Nomination  changes during a month, then the Capacity Payment for
     such month  shall be equal to the  product of the  Annual  Capacity  Charge
     multiplied by the sum of the two results obtained: (i) first by multiplying
     the old Annual Purchaser's  Capacity  Nomination by the ratio of the number
     of days in the month  (including  fractional days) prior to the time of the
     change  over the total  number  of days in the  month;  and (ii)  second by
     multiplying the new Annual Purchaser's  Capacity Nomination by the ratio of
     the number of days in the month (including  fractional days) after the time
     of the  change  over the total  number of days in the month.  The  Capacity
     Payment  shall be paid by  Purchaser to Seller in  accordance  with Section
     9.1. Notwithstanding the above, if during the first three (3) months of the
     Operating  Period any  Governmental  Body shall  prohibit the Facility from
     operating because of Seller's failure to obtain,  prior to the Commencement
     Date any Permit  required by Law for Seller to operate the  Facility,  then
     Purchaser's  obligation to make Capacity  Payments shall be suspended until
     the earlier of: (i) the lifting of such prohibition;  or (ii) the date that
     is three (3) months after the Commencement Date.

          4.1.2 The initial  Demonstrated  Capability  of the Facility  shall be
     established in accordance with the Capacity testing  procedure set forth in
     Appendix C.  Following  the first  anniversary  of the  Commencement  Date,
     Seller shall perform  Capacity tests twice each Contract Year,  pursuant to
     the  testing  procedures  set forth in  Appendix  C,  during the Summer and
     Winter periods as defined by FRCC; provided,  however, that Seller shall be
     entitled to a fifty-eight  (58)-hour  period of  maintenance  that does not
     affect  calculation of Actual  Availability  of the Facility  (which period
     shall be  prior to any such  Capacity  test  from 9 p.m.  Friday  to 7 a.m.
     Monday, unless OUC, in its sole discretion, agrees otherwise). In addition,
     Seller may  retest  when a repair or  modification  of the  Facility,  or a
     corrected or improved  operational or maintenance  activity,  results in an
     increase in the Capacity of the Facility (including adjustments made during
     initial shakedown),  provided that the actual full load output (as adjusted
     to  seventy  degrees  Fahrenheit  (70(0)F)  and  forty-five  percent  (45%)
     relative  humidity)  is at least one hundred and one percent  (101%) of the
     last  Demonstrated  Capability  test  amount.  Should  any  test or  retest
     conducted  pursuant this Section  4.1.2  indicate that the actual full load
     output (as adjusted to seventy degrees  Fahrenheit  (70(0)F) and forty-five
     percent  (45%)  relative  humidity)  has  changed by an amount  equal to or
     greater  than one percent  (1%) of the last  Demonstrated  Capability  test
     amount, the Demonstrated Capability shall be reset at such actual full load
     output for purposes of determining the Capacity  Payment as of the time the
     test is completed;  provided, however, that if the test is performed during
     a Force  Majeure  event  and  such  Force  Majeure  event  resulted  in the
     reduction of the Demonstrated Capability, the Capacity Payment shall not be
     reduced thereby until the end of the forty-five  (45) day period  described
     in the last paragraph of Section 4.1 below.

          4.1.3 Seller shall conduct additional tests as required by the FRCC or
     as requested  by Purchaser  pursuant to  Purchaser's  legal or  contractual
     obligations with third parties;  provided,  however,  such additional tests
     shall be for  informational  purposes  and  shall  not be used to reset the
     Demonstrated  Capability or otherwise  determine the Capacity Payment under
     this Agreement.

          4.1.4 Beginning with the sixth (6th) Contract Year and ending with the
     tenth (10th) Contract Year, the Customers shall have the irrevocable  right
     to jointly reduce the total of their combined Annual  Purchaser's  Capacity
     Nominations, for the remainder of the Initial Term and any Extended Term or
     Further  Extensions,  by either  twenty-five  (25) MW or fifty  (50) MW (as
     adjusted to seventy  degrees  Fahrenheit  (70(0)F) and  forty-five  percent
     (45%) relative humidity) per year;  provided,  however,  that such combined
     total of the Annual Purchaser's  Capacity Nominations may not be reduced by
     more than 200 MW in the aggregate. Purchaser must give Seller notice of any
     such reduction elected by Purchaser not later than three (3) years prior to
     the  commencement of the Contract Year in which such reduction shall occur;
     provided,  however,  that such  notice  shall be  effective  if and only if
     either it is made jointly with the other  Customers or the other  Customers
     give  Seller  a  similar  notice  under  their  respective  Power  Purchase
     Agreements  with all such notices  together  satisfying the above criteria;
     provided,  further,  that such  notices  shall  specify  any changes in the
     percentage of the Annual Purchaser's Capacity Nomination to be purchased by
     Purchaser  under  Section  4.1.1  and  by the  other  Customers  under  the
     corresponding provisions of their respective Power Purchase Agreements.

Notwithstanding the foregoing provisions of this Section 4.1, if and to the
extent that a Force Majeure event affects Seller's ability to deliver and sell
to Purchaser the Capacity of the Facility or any portion thereof, Seller shall
be excused from any delay in performing or failure to perform any or all of such
obligations (and in this regard, the Parties shall follow the procedures
contemplated in Section 11.1); provided, however, that notwithstanding such
reduction or elimination of the Actual Capability of the Facility, Purchaser
shall continue to pay Seller the full Capacity Payment attributable to the first
forty-five (45) days following the date of Seller's notification to Purchaser of
any such Force Majeure effect; provided, further, that if the effect of a Force
Majeure event lasts for longer than forty-five (45) days, then Purchaser shall
not be required to make Capacity Payments attributable to any continued period
of Force Majeure declaration after the end of such forty-five (45) day period,
but Purchaser must resume making Capacity Payments when Seller declares the
Force Majeure period over and resumes its obligation for delivery of Energy
under this Agreement; and provided, further, that the Capacity Payment relief
contemplated in the immediately preceding clause shall not apply if the Force
Majeure event affecting Seller resulted from a failure of Purchaser or another
Customer to fulfill its obligations under this Agreement or any of the
Collateral Documents; and provided, further, that a Force Majeure event that
affects Purchaser's ability to receive Energy from the Facility shall not excuse
Purchaser's obligation to make Capacity Payments, except solely to the extent
provided for in Section 5.1.3 if and to the extent such provision is applicable.

         4.2 Energy Delivery and Payment. Subject to the terms and conditions of
this Agreement and, in particular, subject to the provisions of Section 6 and
Appendix B, Seller shall sell and deliver, and Purchaser shall purchase and
receive, during the Operating Period, Energy requested by Purchaser in a Request
for Energy, as well as Energy generated by associated ramp up and ramp down of
the Facility and Test Energy; provided, however, that Purchaser shall not be
required to make any payments for Test Energy produced prior to the Commencement
Date. The Customers shall pay for and supply all fuel associated with the
Customers' Request for Energy in accordance with the provisions of Section 3.2
of the Operating Agreement. The Energy payment (the "Energy Payment" or "EP") in
respect of each month shall be the sum of four (4) components: a variable O&M
component for operation on natural gas, a variable O&M component for operation
on fuel oil, a start-up component, and a fuel component for Energy delivered
from Alternate Resources. The components of the Energy Payment shall be
calculated as follows:

          4.2.1 Variable O&M Component - Natural Gas. The variable O&M component
     for operation on natural gas shall be calculated as follows:

          (SIGMA)i=Days in the month  (SIGMA)j=Hours in the Day [(DENGij x VOMR)
     + HVOMij]

                                    Where:

          DENGij is Delivered Energy in MWh (other than Test Energy prior to the
     Commencement  Date) from the Facility produced with natural gas during hour
     j of day i; provided,  however,  that if the Facility uses both natural gas
     and fuel oil in a given hour,  then fifty  percent  (50%) of the  Delivered
     Energy in such hour shall be deemed to be produced with natural gas; and

               VOMR  is the  variable  O&M  rate  (in  $/MWh),  which  shall  be
          [redacted]; and

               HVOM  is  the  hourly  variable  O&M  rate  (in  $ per  hour)  as
          determined from Table A and its accompanying Notes applicable for hour
          j of day i during  which the  Facility is operating on natural gas and
          which is applicable only when DENGij is > 0.

                                     Table A

            Hourly Variable O&M Charges for Operation on Natural Gas

             Annual On-Line Factor     Combined Hourly Variable O&M Rate (in $
             ---------------------     ---------------------------------------
                                       per hour) for all Customers (see Notes
                                       --------------------------------------
                                                        below)
                                                        ------

                   [redacted]                         [redacted]

                   [redacted]                         [redacted]

                   [redacted]                         [redacted]

                   [redacted]                         [redacted]

                   [redacted]                         [redacted]

                   [redacted]                         [redacted]

                   [redacted]                         [redacted]

                   [redacted]                         [redacted]

                           Notes to Table A:
                           ----------------

                                    1) The Hourly Variable O&M Rate in Table A
                           represents the rate applicable for the Annual
                           Purchaser's Capacity Nominations of all Customers.
                           The actual Hourly Variable O&M Rate for Purchaser for
                           an hour in a particular Contract Year shall equal the
                           product of the applicable rate from the table for
                           such Contract Year multiplied by the ratio of
                           Purchaser's portion of the Request for Energy for
                           such hour over the total Request for Energy for such
                           hour.

                                    2) The Hourly Variable O&M Rate for a
                           Contract Year shall be interpolated between the
                           values shown in Table A when the Annual On-Line
                           Factor for the previous Contract Year falls between
                           the specific percentages shown on Table A. For
                           example, with respect to an Annual On-Line Factor of
                           [redacted].

                                    3) The dollar amounts shown in Table A are
                           expressed in January 1, 2003 dollars and shall be
                           escalated based upon the U.S. Consumer Price Index on
                           January 1 of each year.

                                    4) The dollar amounts in Table A represent
                           the charge for sixty-five percent (65%) of the
                           Facility's Capacity being sold to Customers under the
                           Power Purchase Agreements. If Purchaser and the other
                           Customers elect to reduce their combined Annual
                           Purchaser's Capacity Nominations pursuant to Section
                           4.1.4, then the dollar amounts in Table A shall be
                           proportionately reduced commensurate with such
                           Capacity reduction.

                                    5)      The Annual  On-Line  Factor shall
                           be calculated for each Contract Year,  as follows:

                                    Annual On-Line Factor = SH/ (PH - OH)

                                    Where:

                                    SH is the  number of hours that the
                                    Customers  Schedule  and Seller delivers
                                    Energy in a Contract Year; and

                                    PH is the number of hours in a Contract
                                    Year; and

                                    OH is the number of hours in a Contract Year
                                    during which (i) the Facility is unavailable
                                    due to a forced outage or due to a
                                    maintenance outage that Seller has scheduled
                                    pursuant to Section 6.4 or, if applicable,
                                    that is a permitted fifty-eight (58) hour
                                    pre-testing maintenance under Section 4.1.2,
                                    and (ii) Seller does not deliver from an
                                    Alternate Resource.

                                    6) For the first Contract Year, all monthly
                           Energy billings will be made assuming an Annual
                           On-Line Factor of [redacted]. The rate shall be
                           determined annually for each Contract Year based on
                           the Annual On-Line Factor for the previous Contract
                           Year. At the end of each Contract Year, the Annual
                           On-Line Factor for such Contract Year shall be
                           calculated and the Hourly Variable O&M charges for
                           such Contract Year shall be recalculated using such
                           Annual On-Line Factor for such Contract Year. A
                           true-up payment or refund shall be made to adjust the
                           amounts collected by Seller from Purchaser during
                           each Contract Year to the amount computed by Seller
                           using such Annual On-Line Factor for such Contract
                           Year. Any true-up payments shall be included on an
                           invoice as soon as reasonably practicable following
                           the end of the applicable Contract Year.

                  4.2.2    Variable O&M Component--Fuel Oil. The variable O&M
                           component for operation on fuel oil when firing the
                           gas turbines shall be calculated as follows:

               (SIGMA)i= Days in the Month (SIGMA)j= Hours in the Day [(DEFOij x
          VOMRFO) + HVOMFOij] Where:

                                    DEFOij is Delivered Energy (other than Test
                                    Energy prior to the Commencement Date)
                                    produced with fuel oil during hour j of day
                                    i; provided that if the Facility uses both
                                    natural gas and fuel oil in a given hour,
                                    then fifty percent (50%) of the Delivered
                                    Energy in such hour shall be deemed to be
                                    produced with fuel oil; and

                                    VOMRFO is the variable O&M rate (in $/MWh)
                                    for Energy produced with fuel oil,
                                    [redacted], subject to adjustment up or down
                                    based on the Participants' evaluation of
                                    General Electric's reports on the effect of
                                    burning fuel oil on variable O&M costs (as
                                    mutually agreed by the Participants
                                    following good faith negotiations); and

                                    HVOMFO is the hourly variable O&M rate (in $
                                    per hour) for hour j of day i during which
                                    the Facility is Operated on fuel oil, which
                                    rate shall be [redacted], subject to
                                    adjustment up or down based on the
                                    Participants' evaluation of General
                                    Electric's reports on the effect of burning
                                    fuel oil on variable O&M costs (as mutually
                                    agreed by the Participants following good
                                    faith negotiations), and which is applicable
                                    only when DEFOij is > 0.

                  4.2.3    Start-up Component.  The start-up component shall be
                            calculated as follows:

                                    GTS x SUR

                                    Where:

                                    GTS is the number of gas turbine starts
                                    required to meet a Request for Energy (other
                                    than for Test Energy prior to the
                                    Commencement Date) where the amount of
                                    Energy delivered from any single gas turbine
                                    increases from zero to an amount greater
                                    than zero; provided, however, that the
                                    calculation of GTS shall not include: (i)
                                    any starts required to resume delivery to
                                    Purchaser due to an interruption caused by a
                                    forced outage, or (ii) any starts initiated
                                    by Seller in order to make third party sales
                                    in any given hour where the Facility would
                                    otherwise not have been started in such hour
                                    to meet a Request for Energy.

                                    SUR is the Start-up Rate (in $ per start)
                                    for each gas turbine as determined from
                                    Table B below and its accompanying Notes:

                                                                  TABLE B

                                              Start-Up Rates

    ---------------------------------------------------------------------------
    Cumulative Number of Start-ups per     Combined Start-up Rate per Start per
    -----------------------------------------------------------------------
       Gas Turbine per Contract Year        Gas Turbine for all Customers (see
       -----------------------------       ----------------------------------
                                                      Notes)
                                                      ------

                 [redacted]                          [redacted]

                 [redacted]                          [redacted]

                 [redacted]                          [redacted]
    ---------------------------------------------------------------------------

         Notes to Table B:
         ----------------

                                    1) The SUR in Table B represents the rate
                           applicable to all Customers for each start-up during
                           a Contract Year. There shall be no charge for the
                           [redacted], and the combined rate among all Customers
                           participating in each subsequent start-up during such
                           Contract Year shall be as identified in the Table B.
                           The actual SUR for Purchaser (in $ per start) for any
                           such start-up shall equal the quotient of the
                           applicable rate from the Table B divided by the
                           number of Customers participating in the Request for
                           Energy that requires the start-up (and in which
                           Purchaser is one of those Customers); provided,
                           however, Purchaser will not have to pay for start-ups
                           in which it does not participate.

                                    2) The SUR is expressed in January 1, 2003
                           dollars and shall be escalated based upon the U.S.
                           Consumer Price Index on January 1 of each year.

                                    3) The dollar amounts in Table B represent
                           the charge for sixty-five percent (65%) of the
                           Facility's Capacity being sold to Participants under
                           the Power Purchase Agreements. If the Participants
                           elect to reduce their combined Annual Purchaser's
                           Capacity Nominations pursuant to Section 4.1.4, then
                           the dollar amounts in Table B shall be
                           proportionately reduced commensurate with such
                           Capacity reduction.

                  4.2.4    O&M Rate Adjustment. The rates in Sections 4.2.1,
                           4.2.2 and 4.2.3 shall be increased or decreased based
                           on good faith negotiation of the Parties (in
                           accordance with Section 18) to reflect and include
                           any actual increase or decrease in Seller's costs of
                           operating the Facility that is caused by any mutually
                           agreed-upon modification or design change or any
                           actual increase or decrease in Purchaser's or another
                           Customers' charges for providing any services to
                           Seller.

                  4.2.5    Energy Payment for Delivery from Alternate Resources.
                           ----------------------------------------------------

                           4.2.5.1  If Seller elects to deliver Energy from
                                    Alternate Resources pursuant to Section 4.4,
                                    then the variable O&M component and the
                                    start-up component of the Energy Payment
                                    shall be calculated in accordance with
                                    Sections 4.2.1 and 4.2.3, respectively, for
                                    such Alternate Resource Energy as if it were
                                    delivered from the Facility. In addition,
                                    the fuel component for the Energy delivered
                                    from Alternate Resources shall be calculated
                                    as follows:

   (SIGMA)i=Days in the month (SIGMA)j=Hours in the Day (MDEij x HRij x FRPij)

                                    Where:

               MDEij =  Scheduled  Energy in MWhs  delivered  from an  Alternate
          Resource during hour j of day i;

               when  the  Facility  is  unavailable,  then  HRij  for an  hour =
          [redacted];

               when  the  Facility  is  available,  then  HRij  for  an  hour  =
          [redacted]; and

                                            FRPij = the fuel rate proxy for an
                                            hour calculated in dollars per
                                            MMBtus in accordance with the
                                            applicable provisions of either
                                            Section 4.2.5.2 or 4.2.5.3.

                           4.2.5.2  If the Fuel Supply Agent has not already
                                    scheduled the transportation of gas to the
                                    Facility to meet the Customers' Schedules
                                    for the hour during which Seller elects to
                                    deliver the Scheduled Energy from Alternate
                                    Resources, then following notification from
                                    Seller of its election to deliver the
                                    Scheduled Energy from Alternate Resources,
                                    Seller shall be obligated to obtain the
                                    necessary quantities of gas and necessary
                                    gas transportation capacity to accommodate
                                    any portion of the Schedule that Seller has
                                    elected to satisfy from Alternate Resources.
                                    During periods that Seller elects to deliver
                                    Energy from Alternate Resources, the Fuel
                                    Supply Agent shall make available
                                    transportation capacity, within constraints
                                    of the pipeline tariffs and operational
                                    procedures in effect at the time and at no
                                    additional cost to the Fuel Supply Agent, in
                                    the amount determined by the quantity of
                                    Energy supplied from Alternate Resources and
                                    the applicable heat rate determined by the
                                    rules for defining HR in the formula
                                    provided in Section 4.2.5.1. An example of
                                    the determination of the transportation
                                    capacity is included in Appendix D. If
                                    Seller has delivered Energy from Alternate
                                    Resources under these circumstances, then
                                    the FRP (in $ per MMBtus) shall be equal to
                                    the sum of: (i) [redacted]; and (ii) the
                                    applicable firm gas transportation variable
                                    cost associated with deliveries to the
                                    Facility under such Participant's firm
                                    transportation agreement(s). All risks of
                                    gas supply and transportation interruption
                                    to accommodate deliveries of Energy from
                                    Alternate Resources shall be borne by
                                    Seller.

                           4.2.5.3  If the Fuel Supply Agent has already
                                    scheduled the transportation of gas to the
                                    Facility to meet the Customers' Schedules by
                                    the time Seller notifies Purchaser of
                                    Seller's election to deliver the Scheduled
                                    Energy from Alternate Resources, then at
                                    Seller's election:

               (i) Seller  shall  direct Fuel Supply  Agent to use  commercially
          reasonable  efforts to revise its scheduled  transportation  of gas to
          the  Facility to provide for the  delivery of the gas to Seller at any
          alternate  delivery point designated by Seller that is available under
          the Customers' firm  transportation  agreement(s).  The efforts of the
          Fuel Supply Agent shall be subject to the  constraints of the pipeline
          tariffs and operational procedures in effect at the time, and the Fuel
          Supply Agent shall not be required to incur any  additional  cost as a
          result of the revision of the schedule of transportation of gas to the
          alternate  delivery point. The amount of scheduled  transportation  of
          gas  to  be  delivered  to  the  alternate  delivery  point  shall  be
          determined by the quantity of Energy supplied from Alternate Resources
          and the applicable  heat rate  determined by the rules for defining HR
          in  the  formula  provided  in  Section  4.2.5.1.  An  example  of the
          determination of the  transportation  capacity is included in Appendix
          D. If Seller has delivered Energy from Alternate Resources under these
          circumstances, then the FRP (in $ per MMBtu) shall be [redacted]; or

               (ii) Seller shall  direct Fuel Supply  Agent to use  commercially
          reasonable  efforts to remarket to third parties the gas that has been
          scheduled  for  delivery to the  Facility  on the best terms  possible
          under the circumstances. The efforts of the Fuel Supply Agent shall be
          subject to the  constraints  of the pipeline  tariffs and  operational
          procedures   in  effect  at  the  time.   The   amount  of   scheduled
          transportation  of gas to be  remarketed  to  third  parties  shall be
          determined by the quantity of Energy supplied from Alternate Resources
          and the applicable  heat rate  determined by the rules for defining HR
          in the formula provided in from paragraph  4.2.5.1.  An example of the
          determination of the  transportation  capacity is included in Appendix
          D. If Seller has  directed  the Fuel Supply  Agent to remarket the gas
          under  these  circumstances,  the  FRP  (in  $  per  MMBtu)  shall  be
          [redacted].

         4.3      Availability Guarantee.
                  ----------------------

               4.3.1  Seller  guarantees  that the  Actual  Availability  of the
          Facility  for each of the Peak and Off-Peak  Periods of each  Contract
          Year  will  equal or  exceed  [redacted]  ("Availability  Guarantee");
          provided,  however,  that (i) the  first  three  months  of  operation
          following   the   Commencement   Date  shall  be  excluded   from  the
          Availability Guarantee, (ii) if and to the extent that a Force Majeure
          event affects Seller's ability to achieve the Availability  Guarantee,
          other than in the case of Equipment Breakdown, Seller shall be excused
          from the Availability  Guarantee (and in this regard the Parties shall
          follow the  procedures  contemplated  in Section 11), and (iii) to the
          extent  that  the  Facility  is  fired  with  fuel  oil in  excess  of
          forty-eight  (48) hours per  combustion  turbine  unit in any Contract
          Year in order to meet Purchaser's  Request for Energy,  then for every
          additional  ten (10) hours that the  Facility is fired using fuel oil,
          the lower end of the Availability  Guarantee range, and the [redacted]
          in Sections 4.3.5.1 and 4.3.5.2, shall be reduced by [redacted], which
          reductions  shall  remain  in  effect  until  the next  Planned  Major
          Maintenance  occurs. If either combustion  turbine is not fired on oil
          during  any  Contract  Year for the same  number of hours as the other
          combustion turbine, then for purposes of calculating the adjustment to
          the Availability Guarantee,  each combustion turbine will be deemed to
          have been fired on oil during such Contract Year for a number of hours
          that is equal to one half of the summation of the number of hours that
          each combustion turbine was actually fired on oil during such Contract
          Year.

                  4.3.2    In each Contract Year, or partial Contract Year in
                           the case of the first Contract Year (where the first
                           three months are excluded) or the last Contract Year,
                           Seller shall be entitled to an availability incentive
                           payment from Purchaser ("Availability Incentive
                           Payment") equal to [redacted].

                  4.3.3    The Actual Availability for the Peak Period of each
                           Contract Year, or partial Contract Year in the case
                           of the first Contract Year (where the first three
                           months are excluded) or the last Contract Year, shall
                           be calculated as follows and then rounded up or down
                           to the nearest tenth of a percentage point (based on
                           the method that the rounding is up if the succeeding
                           decimal is 5 or higher or otherwise the rounding is
                           down); provided, however, that such Actual
                           Availability shall not exceed one (1.00):

               Actual  Availability = (PH-OH  -EDH+EMH+ARDH)/PH  Where: "PH" (or
          "Period  Hours")  shall  equal  the  hours in the Peak  Period of such
          calendar year;

                                      "OH" (or "Outage Hours") in the Peak
                                      Period of such Contract Year means all
                                      hours the Facility is unavailable for
                                      operation; provided, however, that OH
                                      shall not include hours in any day during
                                      which the Purchaser has not Scheduled any
                                      Energy from the Facility during the
                                      entirety of such day;

                                      "EDH" (or "Equivalent Derated Hours") in
                                      the Peak Period of such Contract Year
                                      means the summation of EDH for each hour
                                      during the Peak Period; provided, however,
                                      that EDH shall not include hours in any
                                      day during which the Purchaser has not
                                      Scheduled any Energy from the Facility
                                      during the entirety of such day. In each
                                      hour for which the EDH of such hour must
                                      be calculated, EDH for the hour will equal
                                      (Guaranteed Output - Actual
                                      Capability)/Guaranteed Output;

                                      "EMH" (or "Excused Maintenance Hours")
                                      shall equal hours that Seller has
                                      scheduled maintenance on the Facility in
                                      the Peak Period of such calendar year
                                      pursuant to Section 6.4 and, if
                                      applicable, the fifty-eight (58) hours of
                                      pre-testing maintenance allowed prior to a
                                      Capacity test under Section 4.1.2;
                                      provided, however, that in any hour EMH
                                      must be zero if there is no Outage Hour in
                                      such hour; and

                                      "ARDH" (or "Alternate Resource Delivery
                                      Hours") shall equal the number of hours
                                      that Seller delivers Energy to Purchaser
                                      from Alternate Resources in the Peak
                                      Period of such Contract Year to fully or
                                      partially make up for shortfalls caused by
                                      Facility outages or derates. Seller will
                                      not receive any credit for ARDH in any
                                      entire day unless Seller is able to
                                      deliver at least partial Energy in each
                                      hour of such day that Purchaser Schedules
                                      Energy, in which case Seller will receive
                                      ARDH credit for each hour of the day based
                                      on the lowest ratio during any hour of
                                      such day of Delivered Energy to Scheduled
                                      Energy.

               4.3.4 The Actual  Availability  for the  Off-Peak  Period of each
          Contract  Year  shall be  calculated  in a fashion  similar to Section
          4.3.3,  substituting  "Off-Peak  Period"  for "Peak  Period"  where it
          appears in Section 4.3.3.

               4.3.5 In the event that the Actual  Availability  during the Peak
          Period or Off-Peak  Period,  or both, of any given  Contract  Year, or
          partial  Contract  Year in the case of the first  Contract Year (where
          the first three months are  excluded) or the last  Contract  Year,  is
          less than the  lower end of the  Availability  Guarantee  range,  then
          Purchaser   shall  be   entitled  to  receive   availability   damages
          ("Availability Damages") from Seller as Purchaser's sole and exclusive
          remedy for Seller's  failure to delivery  Capacity and Energy from the
          Facility  due  to the  unavailability  of the  Facility.  4.3.5.1  The
          Availability  Damages  for the  Peak  Period  shall be  calculated  as
          follows (with any required adjustments as noted in Section 4.3.5.3):

               Availability  Damages for the Peak Period of any Contract  Year =
          [redacted]

                           4.3.5.2  The Availability Damages for the Off-Peak
                                    Period shall be calculated as follows (with
                                    any required adjustments as noted in Section
                                    4.3.5.3):

               Availability Damages for the Off-Peak Period of any Contract Year
          = [redacted]

                           4.3.5.3  In both of Sections 4.3.5.1 and 4.3.5.2, the
                                    factors [redacted] shall be adjusted for the
                                    use of fuel oil pursuant to Section
                                    4.3.1(iii), if applicable.

                  4.3.6    As soon as reasonably practicable after the first
                           month following the Commencement Date, and each month
                           thereafter, Seller shall submit to Purchaser a
                           statement setting forth in reasonable detail the
                           actual availability of the Facility during the prior
                           month, including the underlying availability data.

               4.3.7 As soon as reasonably  practicable  following each Contract
          Year,  Seller shall submit to the Purchaser a statement  setting forth
          the Actual  Availability for the preceding Contract Year together with
          a calculation of the net amount of any Availability  Incentive Payment
          due to Seller or  Availability  Damages due to the  Purchaser  for the
          preceding  Contract  Year  based  on the  foregoing  calculations,  as
          applicable,  with  respect to the Peak Period and  Off-Peak  Period of
          such  Contract  Year.  Within ten (10) Business Days of (a) receipt of
          such statement, Purchaser shall pay any Availability Incentive Payment
          due to Seller by wire transfer in immediately  available funds, or (b)
          transmittal  of such  statement,  Seller  shall  pay any  Availability
          Damages due to Purchaser  by wire  transfer in  immediately  available
          funds.

         4.4 Alternate Resources. In any hour in which the Facility is
unavailable, Seller may continue to make deliveries of Energy in the full amount
Scheduled by Purchaser from non-Facility sources (including, but not limited to,
generating units on Seller's or its Affiliates' systems and Energy purchases
available to Seller) ("Alternate Resources") to replace the Energy that would
have been provided by the unavailable Facility. In any hour in which the
Facility is available, Seller may choose to make deliveries of Energy in the
full amount Scheduled by Purchaser, or any portion thereof, from Alternate
Resources to replace the Energy that would have been provided by the available
Facility; provided, however, that if the Facility is available, Seller must
maintain the Facility on-line and committed at least at the Facility's minimum
load, and Purchaser may Schedule spinning reserves from the Facility, all in
accordance with Appendix B. Seller must deliver Energy from Alternate Resources
to Purchaser at an unconstrained point on the Grid, and if Seller is making such
delivery at a time when the Facility is unavailable, then Seller will purchase
Firm Transmission Service for such delivery to the extent that such Firm
Transmission Service is available for the Alternate Resource Energy from the
point of its acquisition by Seller to the unconstrained point on the Grid. In
utilizing Alternate Resources, Seller shall comply with the notice requirements
of Section 3 of Appendix B.

         4.5 Purchaser's Right to Capacity and Energy. During the Operating
Period, Purchaser shall have the first call to purchase Seller's share of the
Capacity and Energy generated by, and Ancillary Services associated with, the
Facility (other than the reductions in Capacity elected jointly by the Customers
pursuant to Section 4.1.4); provided, however, that (i) subject to Purchaser's
right to Capacity and Energy under this Agreement and the Operating Agreement,
Seller may make sales of any Capacity and Energy generated by, and Ancillary
Services associated with, Seller's Equity Capacity when such Capacity and Energy
is not Scheduled by Purchaser, and (ii) in the event that Seller determines that
the Facility is capable of delivering Energy to the Grid prior to the Scheduled
Commencement Date, Seller shall have the option of either (a) utilizing the
Capacity and Energy generated by, and Ancillary Services associated with, its
percentage ownership share of the Facility prior to the Scheduled Commencement
Date for sales to third parties by delivering written notice of its election of
this option thirty (30) days prior to the anticipated Commercial Operation Date,
in which event Purchaser shall not make Capacity Payments until the later of the
Scheduled Commencement Date or the Commencement Date, or (b) initiating delivery
of Capacity and Energy to Purchaser under this Agreement on the Commencement
Date. If Seller makes sales of either or both Capacity and Energy to third
parties under Section 4.5(ii)(a) at a time when the Scheduled Commencement Date
has passed but the Commencement Date has not yet occurred, then Seller will pay
to Purchaser the portion, if any, of the proceeds of such sales that Seller
actually receives.

                                    SECTION 5
                  SCHEDULE FOR DELIVERY OF CAPACITY AND ENERGY

         5.1      Scheduled Delivery.
                  ------------------

               5.1.1 Seller  anticipates  that,  the  Facility  will achieve the
          Commencement  Date by the  Scheduled  Commencement  Date and  shall be
          fully  capable  of  reliably  producing  the  power  and  Energy to be
          provided  under this  Agreement to  Purchaser  at the Delivery  Point;
          provided,  however,  that if and to the  extent  that a Force  Majeure
          event  affects  Seller's  ability to timely  comply with the foregoing
          guarantee,  the Scheduled  Commencement  Date shall be extended by the
          amount of time  Seller  reasonably  needs to remedy the effects of the
          Force Majeure that prevented Seller's performance (and in this regard,
          the Parties shall follow the procedures contemplated in Section 11).

               5.1.2 In the event that Seller fails to achieve the  Commencement
          Date  by  the  date  that  is  two  (2)  years  after  the   Scheduled
          Commencement  Date,  then  either (i)  Seller  shall have the right to
          simultaneously  terminate  all of the  Power  Purchase  Agreements  by
          delivering  written notice of such election to Purchaser and the other
          Customers  ("Seller's  Termination  Notice"),  or (ii)  Purchaser  may
          terminate this  Agreement,  if and only if each of the other Customers
          also  terminates   contemporaneously  its  respective  Power  Purchase
          Agreement for the same reason,  by delivering  written  notice of such
          election to Seller  (collectively,  together with the other Customers'
          similar notices,  "Purchasers' Termination Notices").  Within ten (10)
          Business Days of the date of Seller's Termination Notice, Seller shall
          pay Purchaser  liquidated  damages  [redacted],  this Agreement  shall
          terminate effective as of the date of Seller's Termination Notice, and
          Seller shall have no further  liability  to  Purchaser  other than the
          liquidated  damages  paid under this  Section  5.1.2.  Within ten (10)
          Business Days of the date of Purchasers'  Termination  Notice,  Seller
          shall pay Purchaser  liquidated  damages  [redacted],  this  Agreement
          shall  terminate  effective as of the date of Purchasers'  Termination
          Notice,  and Seller shall have no further liability to Purchaser other
          than the liquidated damages paid under this Section 5.1.2.

               5.1.3  In  the  event  that  Seller's   failure  to  achieve  the
          Commencement  Date by the Scheduled  Commencement Date is attributable
          to, in whole or in part,  the  failure of any  Customer to meet any of
          their respective  obligations under this Agreement or their respective
          Power Purchase  Agreements or the Collateral  Documents,  then (a) the
          Scheduled  Commencement  Date  shall be  extended  for such  period of
          Purchaser's or such other Customer's failure,  and (b) Purchaser shall
          make  Capacity  Payments  [redacted]   beginning  as  of  the  initial
          Scheduled   Commencement  Date  (without  any  extension);   provided,
          however,  that  Purchaser  shall not be required to make any  Capacity
          Payments under this Section 5.1.3 to the extent the delay in achieving
          the Scheduled  Commencement  Date is  attributable  to the  concurrent
          failure of Purchaser or such other  Customers  and Seller  (where such
          concurrent  failures are not  co-extensive,  such relief from Capacity
          Payments  shall  apply only  during  the period of time that  Seller's
          failure to meet its obligations  contributed to the delay);  provided,
          further,  that in the event Purchaser's failure to meet its obligation
          was  the  result  solely  of a  Force  Majeure  event  that  prevented
          Purchaser's timely completion of such obligation,  then Purchaser will
          be excused from having to make Capacity  Payments as  contemplated  in
          Section  5.1.3(b)  for  the  first  forty-five  (45)  days  after  the
          Scheduled  Commencement Date (without benefit of any extension thereof
          allowed under this Agreement),  but if the Commencement  Date does not
          occur within such  forty-five  (45) day period,  then Purchaser  shall
          recommence  making Capacity  Payments starting at the beginning of the
          forty-sixth  (46th)  day after  the  Scheduled  Commencement  Date and
          thereafter  continue  making  Capacity  Payments  as  contemplated  in
          Section 5.1.3(b).

         5.2 Conditions to Commencement. Seller will notify Purchaser of the
date when the Facility has achieved the following criteria (the "Commencement
Date"), which notice will be accompanied by reasonable documentation evidencing
satisfaction or occurrence of each of the following; provided, however, that
Seller shall not be precluded from making third-party sales, in accordance with
Section 4.5, of its percentage ownership share of Capacity and Energy from the
Facility notwithstanding whether any or all of the following criteria have been
met in whole or in part:

                  5.2.1    successful completion of required testing of the
                           Facility has occurred for purposes of financing,
                           project operation, air permitting, Purchaser's
                           planning and reporting, and manufacturers'
                           warranties, including establishment of the initial
                           Demonstrated Capability of the Facility as
                           contemplated in Section 4.1.2;

                  5.2.2    the Facility has completed four (4) successful
                           start-ups without experiencing any abnormal operating
                           conditions and has generated continuously for a
                           period of not less than sixteen (16) hours while
                           synchronized to the Grid at a net Capacity output of
                           at least ninety percent (90%) of the Demonstrated
                           Capability (adjusted for ambient conditions) without
                           experiencing any abnormal operating conditions;

                  5.2.3    the Facility is in compliance with the
                           Interconnection Agreement, either is capable of
                           operation in the AGC mode or is capable of responding
                           to manual load change instructions, has achieved
                           initial synchronization with the Grid, and has
                           demonstrated the reliability of its communications
                           systems and communications with the Florida Municipal
                           Power Pool Energy Control Center located in the OUC
                           Pershing Operations Building (or the replacement for
                           such control center if the Customers decide to have
                           their generation control performed at a different
                           location); and

                  5.2.4    certificates of insurance coverages and/or insurance
                           policies required of Seller have been obtained and
                           submitted to Purchaser as required by Section 28.

         5.3 Test Energy. Seller shall coordinate the production and delivery of
Test Energy with Purchaser. Purchaser shall cooperate with Seller to facilitate
Seller's testing of the Facility, provide the fuel necessary to conduct testing,
and shall accept Test Energy delivered to Purchaser in accordance with the
provisions of Section 4.2.

                                    SECTION 6
                 REQUESTS FOR ENERGY; OPERATION AND MAINTENANCE

         6.1 Communicating Requests for Energy. Purchaser shall have the right
to request deliveries of Energy by providing a Request for Energy to Seller in
accordance with this Section 6 and Appendix B; provided, however, that Purchaser
and the other Customers shall coordinate their Scheduling requirements by
jointly submitting a single Request for Energy that covers all of their
respective requirements on any given day.

               6.1.1 The  Customer's  joint  Requests for Energy may request the
          full output of the Facility,  reduced by those  amounts,  if any, that
          Customers  jointly  elect to subtract  from the Capacity  available to
          Customers  pursuant to the process  provided in Section  4.1.4 of this
          Agreement and the other Power Purchase  Agreements.  If the Customer's
          joint  Request  for  Energy  is for less  than the full  output of the
          facility,  then the request shall be deemed to be a Request for Energy
          first from Purchaser's Equity Capacity and, if such Equity Capacity is
          not  sufficient,  then from  Purchaser's  purchased  Energy under this
          Agreement.

               6.1.2  The  Parties  hereby  consent  to  the  recording  of  all
          conversations on the telephone lines used for  communicating  Requests
          for Energy and related  notices and  instructions  in accordance  with
          customary industry practice.  The contents of such recordings shall be
          definitive.

         6.2 Limitations on Requests for Energy. Notwithstanding anything to the
contrary in this Agreement, any Request for Energy, operation in the AGC mode or
operation in response to a Capacity Emergency that would require the Facility to
operate in a manner inconsistent with the Technical Limits, Prudent Utility
Practice or applicable Law and Permit requirements shall be deemed not to comply
with the requirements and limitations set forth in this Section 6. If and when a
Customers' Request for Energy does not comply with the requirements and
limitations of this Section 6 by reason of the previous sentence, Seller will
notify Customers of such noncompliance promptly after Seller realizes that the
Request for Energy is noncompliant and will modify Customer's Request for Energy
to make it consistent with the Technical Limits, Prudent Utility Practice and
all applicable Laws and Permits to the extent it is reasonably possible to do so
consistent with such standards.

         6.3 Operation of the Facility. Seller shall operate and maintain the
Facility in accordance with this Agreement, Prudent Utility Practice, the
Technical Limits and all applicable Laws and Permit requirements. Any emission
allowances required for operation of the Facility as contemplated in this
Agreement shall be provided in accordance with the applicable provisions of the
Operating Agreement.

         6.4 Scheduled Maintenance. Seller agrees to schedule Planned Major
Maintenance during the Off-Peak Period, or to obtain Purchaser's consent to
schedule such maintenance during the Peak Period. Seller will submit to
Purchaser an annual maintenance projection and will make reasonable efforts to
coordinate the scheduling of such Planned Major Maintenance with Purchaser,
including estimated start dates and return to service dates. Seller must seek
the consent of OUC, acting for itself and on behalf of the other Customers
(which Purchaser hereby authorizes) in scheduling of any Minor Maintenance;
provided, however, that Purchaser guarantees Seller will be afforded a minimum
of four (4) such Minor Maintenance events distributed approximately evenly over
the Off-Peak Period, with a maximum of six (6) such Minor Maintenance events
during any year; provided, further, that requests for Minor Maintenance events
during the period from May 15 through September 15 may be granted or withheld in
OUC's sole discretion.

         6.5 Transmission Operator. Coordination with an RTO regarding security
and reliability of the Grid as it relates to the Facility, or any other entity,
having control over the security and reliability of the Grid shall be the
responsibility of Seller as the operator of the Facility. Coordination with an
RTO, or other entity, having balancing authority or scheduling authority over
the Facility should be handled by Purchaser for any schedules to Purchaser from
the Facility and by Seller for any other schedules from the Facility. Any
orders, directives or operating requirements that Seller is required to follow
by Law imposed on Seller by an RTO, or any other entity, having control over the
security and reliability of the Grid shall take precedence over this Agreement.
To the extent the requirements of such order, directive or operating requirement
necessarily prevent Seller from fulfilling its obligations under this Agreement,
Seller shall be relieved of its obligations hereunder. To the extent the
requirements of such order, directive or operating requirement conflict with
Seller's fulfillment of its obligations hereunder, the rights and obligations of
the Parties hereunder shall be adjusted as necessary to comply with such orders,
directives or operating requirements.

                                    SECTION 7
                        INTERCONNECTION AND TRANSMISSION

               7.1  Interconnection  Facilities.  The Parties  shall  execute an
          Interconnection  Agreement  pursuant  to  applicable   interconnection
          policies and procedures of OUC. The  Interconnection  Agreement  shall
          contain  terms  and  conditions   governing  the  interconnection  and
          parallel operation of the Facility with the Grid.

         7.2 Delay in Interconnection. Purchaser shall cause OUC to complete the
OUC Interconnection Facilities and ensure that the Grid is capable of providing
and receiving Energy by the date that is eight (8) months prior to the
anticipated Commercial Operation Date, but in no event earlier than January 15,
2003. By the date that Seller has completed the collector bus and the 230 kv
line to the OUC Interconnection Facilities, but no earlier than the date that is
eleven (11) months prior to the anticipated Commercial Operation Date, OUC shall
provide service to the Facility for the purposes of engineering and testing the
collector bus and other systems by either providing 230 kv service at the 230 kv
Interconnection Point or by providing service to the 4160 kv SWGR bus. If for
any reason, other than the fault of Seller, OUC fails to complete the OUC
Interconnection Facilities and/or if the Grid is not capable of providing and
receiving Energy (as determined by OUC and as supported by reasonable
documentation) in accordance with the preceding sentence and, as a result, OUC
cannot accommodate Seller's start-up and testing of the Facility (such a delay,
an "IF/Grid Delay"), then the Scheduled Commencement Date shall be extended by
that period of time equal to the IF/Grid Delay; provided, however, that
Purchaser shall make the Capacity Payments as provided in Section 5.1.3(b);
provided, further, that if Seller would not have been capable of delivering
Energy from the Facility to the OUC Interconnection Facilities, even in the
absence of an IF/Grid Delay, on the original anticipated Commercial Operating
Date ("Seller's Delay"), then extension of the Scheduled Commencement Date and
the date on which Purchaser is obligated to make Capacity Payments shall be
adjusted by the period of time of Seller's Delay.

         7.3      Transmission.
                  ------------

                  7.3.1    Purchaser shall be responsible for all costs
                           associated with and for making all necessary
                           transmission arrangements for Delivered Energy,
                           including tagging and any required Ancillary
                           Services, with the transmission service provider for
                           delivery from and beyond the Delivery Point.

                  7.3.2    Seller shall bear all costs and losses and shall be
                           responsible for making all arrangements for
                           transmission service, including tagging and any
                           required ancillary services, with respect to delivery
                           of Capacity and Energy from an Alternate Resource to
                           an unconstrained point on the Grid.

                                    SECTION 8
                             RISK OF LOSS; METERING

         8.1 Risk of Loss. Delivered Energy sold pursuant to this Agreement
shall be made available to Purchaser at the Delivery Point. Risk of loss with
respect to all such Energy shall pass to Purchaser when such Delivered Energy is
made available to Purchaser at the Delivery Point. Risk of loss with respect to
the natural gas supply utilized to deliver Energy pursuant to this Agreement
shall pass to Seller when such natural gas supply is made available to Seller at
the Gas Delivery Point. For purposes of this Agreement, and except to the extent
expressly limited in this Agreement, Purchaser shall bear all risk of all
occurrences of any nature (including Force Majeure or any other event beyond the
reasonable control of either Party) affecting any interconnection facilities,
substations, transmission lines and other facilities on Purchaser's side of the
applicable Delivery Point and the Gas Delivery Point.

         8.2 Place of Measurement. All Energy from the Facility shall be
measured by the Facility's meters (such meters collectively, the
"Interconnection Meters"), and the Energy delivered from the Facility shall be
the Interconnection Meters' readings of the quantities of Energy, reduced by an
amount equal to the applicable Energy quantity necessary to compensate for the
loss, if any, between the Interconnection Meters and the Delivery Point.

         8.3 Testing and Calibration of Interconnection Meters. Seller shall
inspect and calibrate the Interconnection Meters at least once a year. Seller
shall give Purchaser reasonable advance notice of any inspection, testing or
calibration of the Interconnection Meters. Purchaser shall have the right to
have a representative present at such inspection, testing or calibration of the
Interconnection Meters. Purchaser shall have the right to require, at
Purchaser's expense except as set forth in Section 8.4, a test of any of the
Interconnection Meters not more often than once every twelve (12) months. If any
Interconnection Meter is found to be inaccurate by one half of a percent (0.5%)
or less, then any previous recordings of such Interconnection Meter shall be
deemed accurate, but Seller shall use its reasonable efforts to adjust such
Interconnection Meter immediately and accurately. In the event that any
Interconnection Meter is found to be inaccurate by more than one half of a
percent (0.5%), Energy delivered at the corresponding Delivery Point shall be
measured by reference to Customers' check-meters, if installed and registering
accurately, or the meter readings at the Delivery Point for the period of
inaccuracy shall be adjusted as far as can be reasonably ascertained by Seller
from the best available data from both Parties. If the period of the inaccuracy
cannot be ascertained reasonably, any such adjustment shall be for a period
equal to one half of the time elapsed since the preceding test. Customers' check
meters, if installed, shall be subject to Seller's right to require, at Seller's
expense except as set forth in Section 8.4, a test of any of the check-meters
not more often than once every twelve (12) months. If any of Customers' check
meters is found to be inaccurate by one half of a percent (0.5%) or less, then
any previous recordings of such check meter shall be deemed accurate, but
Customers shall use their reasonable efforts to adjust such check meter
immediately and accurately.

         8.4 Delivered Energy Adjustments. In the event that, due to correction
for inaccurate Interconnection Meters with an inaccuracy in excess of one half
of a percent (0.5%) (determined in accordance with Section 8.3), the amount of
Delivered Energy is increased or decreased, the revised quantity of Delivered
Energy shall be used for purposes of calculating the Energy Payment pursuant to
Section 4.2. If any Energy Payment has already been calculated using the
previous quantity of Delivered Energy, the Energy Payment shall be recalculated
using the revised quantity of Delivered Energy. If the recalculation (i)
increases the Energy Payment, Purchaser shall pay to Seller the amount of such
increase, or (ii) decreases the Energy Payment, Seller shall refund to Purchaser
the amount of such decrease. In any such case, the required payment shall be
included on the next invoice to be issued and shall be paid at the time payment
of such invoice is required pursuant to Section 9. Any payment required under
this Section 8.4 shall bear interest in accordance with Section 9.3 from the
original due date (or from the date paid in the case of a refund) until the date
paid (or until the date refunded in the case of a refund). In the case of
inaccurate Meters with an inaccuracy in excess of one half of a percent (0.5%),
the Party which owns such Meters shall promptly cause such Meters to be
corrected and, where such inaccuracy was determined pursuant to a test required
by the other Party, the Party which owns such Meters shall bear the expense of
any such test.

                                    SECTION 9
                                METHOD OF PAYMENT

         9.1 Invoicing and Payment. As soon as reasonably practicable after the
first day of each month commencing with the second month or portion thereof
during which Test Energy is delivered to Purchaser and continuing for each month
until the first month after the end of the Operating Period, Seller shall submit
to Purchaser an invoice as described in Section 9.2. If such invoice indicates a
net amount payable to Seller, Purchaser shall pay such invoice within ten (10)
Business Days of Purchaser's receipt of the invoice. Such payment shall be made
in U.S. dollars by wire transfer of immediately available funds prior to 3:00
p.m. Eastern Prevailing Time, on the date of payment in accordance with the
invoice instructions. Payments made after 3:00 p.m. Eastern Prevailing Time or
on a day that is not a Business Day shall be deemed to be made on the next
subsequent Business Day. If such invoice indicates a net amount payable to
Purchaser, Seller shall pay such amount within ten (10) Business Days of
Purchaser's receipt of the invoice.

         9.2 Monthly Invoices. Each monthly invoice shall show the amount and
calculation of the following, as applicable: (i) the Capacity Payment and Energy
Payment payable by Purchaser to Seller for the preceding month net of any
amounts to be credited by Seller to Purchaser for such month; (ii) following
each Contract Year, the net amount payable by Purchaser or Seller pursuant to
Section 4.3 respecting the Availability Incentive Payment and Availability
Damages, as the case may be; and (iii) payments, refunds, credits and
reductions, if any, payable by either Party pursuant to Sections 9.3 or 9.4.

         9.3 Late Payments. Any amount due from either Party hereunder not paid
in full on or before the date such payment is due will incur a delayed payment
charge on the unpaid amount from the original due date until the date paid at an
annual rate equal to the then current Prime Rate plus six (6) percentage points
(or such lesser annual rate as is the maximum rate permitted by applicable Law).

         9.4 Billing Disputes. In the event of any dispute as to all or any
portion of any monthly invoice, Purchaser shall give notice of the dispute to
Seller but shall pay the full amount of the invoiced charges when due (or if
applicable, Seller shall give notice to Purchaser of Seller's dispute regarding
any information provided by Purchaser that was a factor in any calculation
supporting invoiced amounts). Such notice shall state the amount in dispute and
set forth a full statement of the grounds on which such dispute is based.
Purchaser and Seller shall give all due and prompt consideration to any such
dispute. Upon final determination (whether by agreement, dispute resolution
pursuant to Section 18 hereof, or otherwise) of the dispute, any amounts due to
Purchaser or Seller, together with interest from the date due until the date
paid at the rate specified in Section 9.3, shall be paid no later than thirty
(30) days following such final determination. Purchaser and Seller shall have
until the end of one hundred eighty (180) days after its receipt of any invoice,
statement or information supporting invoice calculations to question or contest
the correctness of any charge or credit on such invoice or statement.

         9.5 Audit Rights. Until the end of one hundred eighty (180) days after
Purchaser's receipt of any invoice, Seller and Purchaser will make available to
the other upon written request, and the Purchaser or Seller may audit, such
books and records of the other (or other information to which Purchaser or
Seller has access) as are reasonably necessary for Purchaser or Seller to
calculate and determine the amounts shown on such invoice and thereby to verify
the accuracy and appropriateness of the amounts billed or credited to Purchaser
or Seller hereunder; provided, however, that Purchaser shall coordinate its
rights under this section with the other Customers in order to conduct joint,
rather than individual, audits pursuant to this provision. The Parties shall
maintain their respective books and records in accordance with generally
accepted accounting principles applicable from time to time.

                                   ARTICLE 10
                    CHANGE IN LAW; MODIFICATION OF AGREEMENT

         10.1     Change in Law.
                  -------------

               10.1.1 The Parties  acknowledge that a Change in Law may increase
          or decrease  Seller's costs in providing service under this Agreement.
          In the  event of such a Change  in Law,  Seller  may  give  notice  to
          Purchaser  that  Seller's  costs  of  providing   service  under  this
          Agreement have changed (which notice will include reasonably  detailed
          information  about such cost changes) and, in the event such notice is
          given,  this  Agreement  shall be modified to reflect  such changes in
          costs,  subject to Section 18,  provided,  however,  that in the event
          Seller provides notice of such an increase, then Purchaser may provide
          documentation  to Seller of other  Changes in Law that have  decreased
          the cost of providing  service  under this  Agreement and Seller shall
          set-off  any  such  decrease  in cost  against  the  increase  in cost
          identified in the Seller's notice.

               10.1.2  Purchaser  shall  pay  the  adjusted  amount   calculated
          pursuant to Section 10.1.1 for the period  commencing  with the notice
          of changed cost through the date of termination of this Agreement. The
          Parties  shall make such  payments  as are  appropriate  to adjust all
          prior  billings  or  payments  to reflect  the  adjustments  described
          herein.

               10.1.3  A  "Change  in Law"  shall  mean a  change  in Law  which
          constitutes a new environmental or tax Law or a new  interpretation of
          such Law (not including a change in tax Laws that assess taxes only on
          Seller's  net income) or a change in the  provisions  contained in the
          Site Certification permits and which generally affects the cost of, or
          restricts, operation of the Facility.

         10.2 Modification of Agreement. In the event the FERC modifies this
Agreement, the Parties agree to make all changes necessary to preserve as nearly
as possible the bargain contained in this Agreement, including but not limited
to, the total amounts of Capacity and Energy delivered to Purchaser and the
total amount of revenues to be received by Seller hereunder; provided, however,
that Seller shall have the right to terminate this Agreement without further
obligation to Purchaser in the event that modifications to this Agreement by
FERC cause a material adverse effect on the economic value of this Agreement to
Seller; provided, further, that Purchaser shall have the right to terminate this
Agreement without further obligation to Seller in the event that modifications
to this Agreement by FERC cause a material adverse effect on the economic value
of this Agreement to Purchaser; and provided, further, that in the event Seller
elects to terminate this Agreement pursuant to this Section 10.2, then Purchaser
and Seller agree to expeditiously proceed with a sale at net book value of
Seller's entire ownership interest in the Facility to Purchaser and the other
Customers in accordance with the provisions of the Ownership Agreement. Seller
agrees to use good faith efforts, consistent with Prudent Utility Practice, to
resist any changes to this Agreement proposed by the FERC or any other
Governmental Body or their respective staffs, and Purchaser agrees not to seek,
request, promote or support any changes to this Agreement before the FERC or any
other Governmental Body.

                                   SECTION 11
                                  FORCE MAJEURE

         11.1 Force Majeure Notice and Obligations. With respect to those
obligations of the Parties set forth in this Agreement that expressly excuse
performance in the event of a Force Majeure, the existence of Force Majeure that
causes a Party (the "Non-Performing Party") to delay performance or fail to
perform such obligations shall excuse the Non-Performing Party's delay in
performing, or failure to perform, such obligations, subject to any express
limitations on such excuse provided or referenced in the Section invoking the
excuse. In the event of Force Majeure that causes the Non-Performing Party to
delay performance or fail to perform its obligations under this Agreement and
that excuses such delay or failure:

                  11.1.1   the Non-Performing Party shall give the other Party
                           written notice and full details as soon as
                           practicable after learning of the Force Majeure;

                  11.1.2   the Non-Performing Party shall use reasonable
                           dispatch to remedy its inability to perform (except
                           that this provision shall not impose a requirement on
                           either Party to deliver or receive Energy at a
                           delivery point other than a Delivery Point), and, if
                           Seller is the Non-Performing Party, Seller shall use
                           reasonable efforts to provide Energy from the
                           Facility at a Delivery Point; and

                  11.1.3   when the Non-Performing Party is able to resume
                           performance of its obligations under this Agreement,
                           that Party shall give the other Party written notice
                           to that effect.

                                   SECTION 12
                         EVENTS OF DEFAULT; TERMINATION

         12.1 Events of Default of Seller. Except when excused due to a Force
Majeure event pursuant to the provisions of Section 11 hereof, an Event of
Default shall be deemed to have occurred with respect to Seller upon the
occurrence and during the continuance of any of the following events:

               12.1.1 The Bankruptcy of Seller;

               12.1.2  Seller  fails to pay any  invoiced  amount or  undisputed
          non-invoiced  amount  when due under this  Agreement  within  five (5)
          Business Days after receiving notice of such failure;

               12.1.3  Seller  fails to perform or observe  any of its  material
          obligations or covenants  hereunder or otherwise is in material breach
          of this Agreement (other than obligations addressed in Section 12.1.2)
          and such failure or breach continues unremedied for a period of thirty
          (30) days  following  notice  from  Purchaser  demanding  cure of such
          failure  or  breach  (or  within  such  longer  period  of  time as is
          reasonably  necessary  to  accomplish  such  cure,  if  it  cannot  be
          reasonably   accomplished   within  such  30-day   period  and  Seller
          diligently  commences such cure in such period and continues such cure
          to completion); or

               12.1.4 Any  representation  or warranty made by Seller herein, in
          the Ownership Agreement or in any document or certificate furnished by
          Seller  hereunder  shall  have been  false  when  made and such  false
          representation  or  warranty  has a  material  and  adverse  effect on
          Purchaser and, if capable of being cured, such false representation or
          warranty is not cured  within  thirty (30) days after  notice  thereof
          from Purchaser.

         12.2 Events of Default of Purchaser. An Event of Default shall be
deemed to have occurred with respect to Purchaser upon the occurrence and during
the continuance of any of the following events:

               12.2.1 The Bankruptcy of Purchaser;

               12.2.2  Purchaser  fails:  (i) to pay any invoiced  amount or any
          undisputed  non-invoiced  amount when due under this Agreement  within
          ten (10) Business Days after receiving notice of such failure; or (ii)
          to  make  any  payment  of  principal  or  interest   under  the  Bond
          Legislation or any other bond resolution, indenture or similar secured
          instrument of the Purchaser when due (at maturity,  upon redemption or
          otherwise), which failure is not cured within ten (10) Business Days;

               12.2.3  Purchaser fails to perform or observe any of its material
          obligations or covenants  hereunder or otherwise is in material breach
          of this Agreement (other than payment obligations, which are addressed
          in Section 12.2.2) and such failure or breach continues unremedied for
          a period of thirty (30) days  following  notice from Seller  demanding
          cure of such  failure or breach (or within such longer  period of time
          as is  reasonably  necessary  to  accomplish  such cure,  if it cannot
          reasonably  be  accomplished  within such 30-day  period and Purchaser
          diligently  commences such cure in such period and continues such cure
          to completion);

               12.2.4 Any  representation  or warranty made by Purchaser herein,
          in the Ownership Agreement or in any document or certificate furnished
          by  Purchaser   shall  have  been  false  when  made  and  such  false
          representation or warranty has a material and adverse effect on Seller
          and, if capable of being cured, such false  representation or warranty
          is not cured within thirty (30) days after notice thereof from Seller;
          or

               12.2.5  Purchaser fails to comply with any of the requirements of
          Section 15 within  thirty  (30) days of receipt  of  Seller's  written
          notice of such failure.

         12.3 Remedies; Notice of Intent to Terminate. Subject to the provisions
of this Agreement providing for limitations on damages and for exclusive
remedies under certain circumstances, upon the occurrence and during the
continuation of any Event of Default, the Party not in default (the
"Non-Defaulting Party") shall have the right to pursue all remedies available at
law or in equity, suspend its performance under this Agreement to the extent of
the Event of Default and/or to deliver a notice of intent to terminate ("Notice
of Intent to Terminate") this Agreement to the Party in default ("Defaulting
Party"). Any Notice of Intent to Terminate shall specify the Event of Default
giving rise to such Notice of Intent to Terminate. Following the giving of a
Notice of Intent to Terminate, the Parties shall negotiate pursuant to the
provisions of Section 18 hereof, following which, unless the Parties shall have
otherwise mutually agreed on a remedy or the Defaulting Party or any lender or
financing party ("Lender") to the Defaulting Party or its affiliate, or agent on
behalf of a Lender, shall have cured such default or is diligently pursuing a
remedy to cure the Event of Default, the Non-Defaulting Party having given the
Notice of Intent to Terminate may terminate this Agreement by giving written
notice thereof to the Defaulting Party, whereupon this Agreement shall
immediately terminate; provided, however, that upon a default under Section
12.2.2, the Non-Defaulting Party may serve a notice of termination of this
Agreement without having first to deliver a Notice of Intent to Terminate and to
negotiate under Section 18, whereupon this Agreement shall terminate immediately
upon delivery of such notice of termination, unless such default shall have been
cured prior to the delivery of such notice of termination. Except as provided in
Sections 2.2, 2.3, 5.1.2, 10.2, 12.4, and 12.5 or in this Section 12.3, or in
Section 4.3. of the Ownership Agreement, neither Party shall have any right to
terminate this Agreement.

         12.4 Notice to Lenders. Any and all notices given by Purchaser to
Seller under this Section 12 shall also be given at the same time by Purchaser
to any Lender for which Seller provides written notice to Purchaser of the need
to provide such notice and the address to which such notice must be sent. No
termination of this Agreement by Purchaser will be effective until and unless
Purchaser shall have given Seller's Lenders notice of Seller's Event of Default
and an opportunity to cure such Event of Default, which notice and cure period
shall be as set forth in any consent executed by Purchaser with Seller's Lenders
but in any event such notice and cure period shall be at least concurrent with
that provided to Seller under this Agreement.

         12.5     Termination Payment.
                  -------------------

               12.5.1  Except in the case of an Event of Default  under  Section
          12.2.2 under the  circumstances  that are described in Section  12.5.2
          below  or  an  Event  of  Default  under  Section   12.1.3  under  the
          circumstances that are described in Section 12.5.3 below, in the event
          that a  Non-Defaulting  Party  terminates  this Agreement  pursuant to
          Section 12.3 and provided an Event of Default  shall not have occurred
          and be  continuing as to such  Non-Defaulting  Party,  the  Defaulting
          Party shall pay the Non-Defaulting  Party the Termination  Payment, as
          defined  below,  within thirty (30) days of the effective  date of the
          termination.  Except as so  otherwise  provided  in Section  12.5.2 or
          12.5.3,   the  Termination   Payment  (if  applicable)  shall  be  the
          Defaulting Party's sole liability arising out of a termination of this
          Agreement  pursuant to Section 12.3,  and neither Party shall have any
          other  liability  or  obligation  to the other Party  arising out of a
          termination of this Agreement pursuant to Section 12.3. The Defaulting
          Party's  Termination  Payment (if  applicable)  to the  Non-Defaulting
          Party resulting from an Event of Default under this Agreement shall be
          calculated as follows:

                                   Termination Payment = TPR * APCN

                                   Where:

                                   TPR = a termination payment rate in dollar
                                   per kilowatt, which is equal to: (i)
                                   [redacted] is given between the date of this
                                   Agreement's execution and the end of the
                                   twelfth (12th) month after the date Purchaser
                                   gives notice under Section 2.2 or 2.3 that it
                                   has elected to terminate this Agreement; (ii)
                                   [redacted] if the Notice of Intent to
                                   Terminate is given between the end of such
                                   twelfth (12th) month and the end of the
                                   twenty-fourth (24th) month after the date
                                   Purchaser gives such notice; or (iii)
                                   [redacted] if the Notice of Intent to
                                   Terminate is given between the end of such
                                   twenty-fourth (24th) month and the expected
                                   termination of this Agreement twelve (12)
                                   months later; and

                                   APCN = the Annual Purchaser's Capacity
                                   Nomination, in kilowatts, that is in effect
                                   on the date of the Notice of Intent to
                                   Terminate.

                           Delivery of a Notice to Terminate or calculation or
                           payment of the Termination Payment shall not relieve
                           the Defaulting Party of its obligation to pay all
                           other amounts that became or have become due and
                           payable by the Defaulting Party hereunder prior to
                           the effective date of termination.

               12.5.2 In the case of an Event of Default under Section 12.2.2 by
          Purchaser at a time when Purchaser is able to pay its debts  generally
          as they come due,  Seller  shall be  entitled  to  recover  its actual
          damages,  which the Parties  recognize  may be greater  than,  or less
          than, the Termination  Payment.  In determining  actual  damages,  any
          amounts  actually  recovered  from  Seller's   reasonable  efforts  to
          mitigate such damages shall be taken into account.

               12.5.3 In the case of an Event of Default by Seller under Section
          12.1.3 that  results  from a failure by Seller to deliver  Energy from
          the Facility to Purchaser as required by this Agreement at a time when
          (i) the  Facility was capable of  delivering  such Energy to Seller as
          required by this Agreement  consistent with Prudent Utility  Practice,
          the Technical Limits and applicable Law and Permit  requirements,  and
          (ii) Seller sold such Energy to a third party, then Purchaser shall be
          entitled to recover the actual damages of Purchaser, which the Parties
          recognize may be greater than, or less than, the Termination  Payment.
          In  determining  actual  damages,  the actual  results of  Purchaser's
          reasonable  efforts  to  mitigate  such  damages  shall be taken  into
          account.

               12.5.4 In receiving a Termination  Payment or  recovering  actual
          damages,  the  Non-Defaulting  Party shall also be entitled to recover
          its reasonable attorney fees in enforcing this provision.

                                   SECTION 13
                                     WAIVER

         Failure by either Party to exercise any of its rights under this
Agreement shall not constitute a waiver of such rights. Neither Party shall be
deemed to have waived any right resulting from any failure to perform by the
other Party unless it has made such waiver specifically in writing, and no such
waiver shall operate as a waiver of any future failure to perform whether of a
like or different character. No single or partial exercise of any right, power
or privilege hereunder shall preclude any other or further exercise thereof or
the exercise of any other right, power or privilege hereunder.

                                   SECTION 14
                         REPRESENTATIONS AND WARRANTIES

         14.1     Representations  and  Warranties of Seller.  Seller hereby
represents  and warrants to Purchaser  as follows:

               14.1.1 Organization and Existence.  Seller is a limited liability
          company duly  organized,  validly  existing and in good standing under
          the laws of the State of Delaware,  is qualified to transact  business
          in Florida,  and has  sufficient  power and  authority  to execute and
          deliver this Agreement and the Collateral Documents and to perform its
          obligations  hereunder  and  thereunder.  Seller  has full  power  and
          authority to carry on its business as it is now being conducted and as
          it is contemplated  hereunder and under the Collateral Documents to be
          conducted in the future.

               14.1.2 Due Authorization. The execution, delivery and performance
          of this Agreement and the Collateral Documents by Seller has been duly
          and  effectively  authorized  by all  requisite  action on the part of
          Seller.  This  Agreement and the Collateral  Documents  constitute the
          legal, valid and binding  obligations of Seller,  enforceable  against
          Seller in accordance with their terms, except as limited by applicable
          bankruptcy,  insolvency,  reorganization,  moratorium  or  other  laws
          affecting the rights of creditors  generally and by general principles
          of equity.

               14.1.3 Litigation. There is no action, suit, claim, proceeding or
          investigation  pending or, to Seller's  knowledge,  threatened against
          Seller or The  Southern  Company  by or before any  Governmental  Body
          having  jurisdiction  over Seller or The Southern  Company  which,  if
          adversely  determined,  would  have a  material  adverse  effect  upon
          Seller's  ability  to  enter  into and  perform  its  obligations  and
          consummate  the  transactions  contemplated  by this Agreement and the
          Collateral  Documents or the material  rights of Purchaser  under this
          Agreement or the Collateral Documents. Neither Seller nor The Southern
          Company is subject to any material outstanding judgment,  order, writ,
          injunction or decree of any Governmental Body having jurisdiction over
          Seller or The Southern  Company which would  materially  and adversely
          affect its  ability to enter into and perform  its  obligations  under
          this Agreement and the Collateral  Documents or the material rights of
          Purchaser under this Agreement or the Collateral Documents.

               14.1.4 No  Violation  or Conflict.  The  execution,  delivery and
          performance by Seller of this  Agreement and the Collateral  Documents
          do not violate or conflict  with  Seller's  operating  agreement,  any
          existing  Law  applicable  to Seller,  or any note,  bond,  indenture,
          agreement or  instrument  to which Seller is a party or by which it is
          bound.

               14.1.5  Approvals.  Other than the approvals by the  Governmental
          Bodies described in Attachment A of the Ownership Agreement, there are
          no approvals or consents, the absence of which would materially impair
          Seller's  ability to consummate the  transactions  described in, or to
          perform its  obligations  under,  this  Agreement  and the  Collateral
          Documents.

               14.2  Representations  and  Warranties  of  Purchaser.  Purchaser
          hereby represents and warrants to Seller as follows:

               14.2.1  Organization  and  Existence.  Purchaser  is a  statutory
          utility  authority  duly  organized,  validly  existing  and  in  good
          standing  under the laws of the State of  Florida  and has  sufficient
          statutory  power and  authority to execute and deliver this  Agreement
          and the Collateral Documents and to perform its obligations  hereunder
          and  thereunder.  Purchaser has full statutory  power and authority to
          carry  on its  business  as it is  now  being  conducted  and as it is
          contemplated  hereunder  and  under  the  Collateral  Documents  to be
          conducted in the future.

               14.2.2 Due Authorization. The execution, delivery and performance
          of this Agreement and the  Collateral  Documents by Purchaser has been
          duly and effectively authorized by all requisite action on the part of
          Purchaser's   governing  board.  This  Agreement  and  the  Collateral
          Documents  constitute  the legal,  valid and  binding  obligations  of
          Purchaser,  enforceable  against  Purchaser in  accordance  with their
          terms,  except  as  limited  by  applicable  bankruptcy,   insolvency,
          reorganization,  moratorium  or other  laws  affecting  the  rights of
          creditors generally and by general principles of equity.

               14.2.3 Litigation. There is no action, suit, claim, proceeding or
          investigation pending or, to Purchaser's knowledge, threatened against
          Purchaser by or before any Governmental Body having  jurisdiction over
          Purchaser  which,  if  adversely  determined,  would  have a  material
          adverse effect upon Purchaser's  ability to enter into and perform its
          obligations  and  consummate  the  transactions  contemplated  by this
          Agreement  and the  Collateral  Documents  or the  material  rights of
          Seller under this Agreement or the Collateral Documents.  Purchaser is
          not  subject  to  any  material  outstanding  judgment,  order,  writ,
          injunction or decree of any Governmental Body having jurisdiction over
          Purchaser which would  materially and adversely  affect its ability to
          enter into and perform its  obligations  under this  Agreement and the
          Collateral  Documents  or the  material  rights of Seller  under  this
          Agreement or the Collateral Documents.

               14.2.4 No  Violation  or Conflict.  The  execution,  delivery and
          performance   by  Purchaser  of  this  Agreement  and  the  Collateral
          Documents  do not  violate or  conflict  with  Purchaser's  charter or
          bylaws,  any existing Law applicable to Purchaser,  or any note, bond,
          resolution, indenture, agreement or instrument to which Purchaser is a
          party or by which it is bound.

               14.2.5  Approvals.  Other than the approvals by the  Governmental
          Bodies described in Attachment A of the Ownership Agreement, there are
          no approvals or consents, the absence of which would materially impair
          Purchaser's ability to consummate the transactions described in, or to
          perform its  obligations  under,  this  Agreement  and the  Collateral
          Documents.

               14.2.6 No Immunity.  With respect to its contractual  obligations
          hereunder and performance thereof,  Purchaser is not entitled to claim
          immunity on the grounds of sovereignty or similar grounds with respect
          to itself or its revenues or assets from: (a) suit;  (b)  jurisdiction
          of any Florida court;  or (c) relief by way of  injunction,  order for
          specific  performance  or  attachment  of property  that is subject to
          execution  or  levy  under   Florida  Law   (including   the  Eligible
          Collateral).

         14.3    Warranties Regarding Energy, Capacity and Ancillary Services.
Seller warrants that the Energy, Capacity and Ancillary Services provided under
this Agreement (i) shall have been delivered in accordance with applicable Law,
and (ii) meets the requirements set forth in this Agreement. THE FOREGOING IS IN
LIEU OF ALL OTHER WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING THE IMPLIED
WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, IN FACT OR
BY LAW WITH RESPECT TO THE ENERGY, CAPACITY AND ANCILLARY SERVICES PROVIDED
HEREUNDER. SELLER HEREBY DISCLAIMS ANY AND ALL OTHER WARRANTIES WHATSOEVER.

                                   SECTION 15
                              PERFORMANCE ASSURANCE

         15.1 In the event that Purchaser experiences a Material Adverse Change,
as defined below, as security for Purchaser's payment obligations under this
Agreement, Purchaser shall deliver to Seller within ten (10) Business Days of
Seller's written request therefor, Eligible Collateral in an amount equal to the
lesser of: (i) [redacted] of Capacity Payments, or (ii) [redacted] of the total
of Capacity Payments for the remainder of the Operating Period.

               15.1.1 As used in this  Section  15.1:  (i) a  "Material  Adverse
          Change" shall occur (A) when  Purchaser's  credit rating on its senior
          securities  falls  below the lower of (x) BBB-  (Standard  & Poors) or
          Baa3   (Moody's)   and  (y)  the  lowest  credit  rating  of  Southern
          Guarantor's  senior  securities  under  either  Moody's or  Standard &
          Poors, (B) upon an Event of Default by Purchaser under Section 12.2.2,
          (C) upon a failure by Purchaser to make any required  deposit into any
          sinking fund under the Bond  Legislation or any other bond resolution,
          indenture or similar  secured  instrument  entered into in  connection
          with the issuance of additional  debt (each a "Debt  Instrument"),  or
          (D) upon a  failure  by  Purchaser  to  maintain  in any debt  service
          account  under the Bond  Legislation  or any Debt  Instrument at least
          fifty  percent  (50%) of the amount  required to be maintained in such
          account  requirement;   and  (ii)  "Eligible  Collateral"  means  cash
          deposited into an operating  reserve account from "Revenues",  as that
          term is defined in the Bond Legislation, or an unconditional letter of
          credit from an "A" rated bank,  as  determined  by Standard & Poors or
          Moody's, in a form reasonably acceptable to Seller; provided, however,
          that for purposes of Sections 15.1.1(i)(C) and 15.1.1(i)(D),  Eligible
          Collateral shall constitute an unconditional  letter of credit from an
          "A" rated bank,  as  determined  by Standard & Poors or Moody's,  in a
          form  reasonably  acceptable  to  Seller.  Costs of a letter of credit
          shall be borne by Purchaser.

               15.1.2 If at any time during the term of this  Agreement  neither
          Standard & Poors nor Moody's is in the  business of  providing  credit
          ratings or willing to rate  Purchaser,  then Purchaser and Seller will
          negotiate  in good  faith  to  choose  and  implement  an  alternative
          mechanism for determining if and when a "Material  Adverse Change" has
          occurred.

               15.2 In the event  that  legislation  is  enacted in the State of
          Florida which contains  provisions that will cause an Event of Default
          by  Purchaser  at any time during the term of this  Agreement,  Seller
          will have the  right,  from and after  the date of  enactment  of such
          legislation,  to provide  Purchaser  with  written  notice  requesting
          Eligible  Collateral,  as  defined  above,  in an amount  equal to the
          lesser of: (i) [redacted] of Capacity Payments,  or (ii) [redacted] of
          the total of Capacity  Payments  for the  remainder  of the  Operating
          Period.  Upon receipt of such notice, in addition to Purchaser's other
          payment  obligations  under this  Agreement,  Purchaser  shall  within
          thirty (30) days provide such Eligible Collateral.

               15.3. To the extent Purchaser delivers Eligible Collateral in the
          form of cash to be held in an operating  reserve  account  pursuant to
          Sections 15.5 or 15.6, Purchaser hereby grants to Seller a present and
          continuing  security  interest  in,  and lien on (and  right of setoff
          against), and assignment of, such Eligible Collateral, and any and all
          proceeds  resulting  therefrom or from the  liquidation  thereof,  and
          Purchaser agrees to take such action as Seller reasonably  requires in
          order to perfect  Seller's  first-priority  security  interest in, and
          lien on (and right of setoff  against),  such Eligible  Collateral and
          any and all  proceeds  resulting  therefrom  or from  the  liquidation
          thereof.  This  Agreement  is  intended  to,  and does,  constitute  a
          security  agreement  between  Seller and Purchaser  with regard to any
          cash which may constitute Eligible Collateral.

         15.4. Upon or any time after the occurrence and during the continuation
of an Event of Default of Purchaser, Seller may (i) exercise any of the rights
and remedies of a secured party with respect to the Eligible Collateral,
including any such rights and remedies under Law then in effect, such as but not
limited to the Uniform Commercial Code, and (ii) liquidate and/or draw on any
outstanding Eligible Collateral issued for its benefit (free from any claim or
right of any nature whatsoever of Purchaser including any equity or right of
purchase or redemption by Purchaser) with respect to Purchaser's obligations
under this Agreement. In the event that Seller liquidates or draws on any of the
Eligible Collateral, Purchaser shall within ten (10) Business Days of notice
from Seller of such liquidation or draw, deliver additional cash or increase the
amount of the letter of credit, as the case may be, in order to replenish the
amount of the Eligible Collateral to the extent of the liquidation or draw.

         15.5. If the trigger of a Material Adverse Change was occurrence of the
circumstances in Sections 15.1.1(i)(A) or the circumstances described in Section
15.2 occur, then: (i) if the Eligible Collateral is in the form of cash, Seller
will hold the Eligible Collateral in an interest-bearing operating reserve
account, established by Seller, and the agent for which shall act pursuant to
Seller's instructions and will return the balance of such account, including
interest, at such time as the circumstances described in Sections 15.1.1(i)(A)
and 15.2 no longer apply (provided that Purchaser shall be entitled to receive
any funds in such operating reserve account at any time and to the extent that
such funds exceed [redacted] of the total of Capacity Payments for the remainder
of the Operating Period); or (ii) if the Eligible Collateral is in the form of a
letter of credit, such letter of credit shall expire at such time as the
circumstances described in Sections 15.1.1 and 15.2 no longer apply and Seller
shall return such letter of credit to Purchaser (provided that Purchaser shall
be entitled to reduce the amount available under the letter of credit at any
time and to the extent that such amount exceeds [redacted] of the total of
Capacity Payments for the remainder of the Operating Period).

         15.6 If the trigger of a Material Adverse Change was occurrence of the
circumstances described in Section 15.1.1(i)(B), then (i) if the Eligible
Collateral is in the form of cash, Seller will hold the Eligible Collateral in
an interest-bearing operating reserve account, established by Seller, and the
agent for which shall act pursuant to Seller's instructions and will return the
balance of such account, including interest, at such time as Purchaser shall
have (A) cured the Event of Default under Section 12.2.2 that triggered the
Material Adverse Change and (B) thereafter avoided both any further Events of
Default under Section 12.2.2 and a Material Adverse Change as described in
Section 15.1.1(i)(A) or 15.2 for a period of sixty (60) continuous days
(provided that Purchaser shall be entitled to receive any funds in such
operating reserve account at any time and to the extent that such funds exceed
[redacted] of the total of Capacity Payments for the remainder of the Operating
Period); or (ii) if the Eligible Collateral is in the form of a letter of
credit, such letter of credit shall expire (and Seller shall return such letter
of credit) at such time as Purchaser shall have (C) cured the Events of Default
under Section 12.2.2 that triggered the Material Adverse Change and (D)
thereafter avoided both any further Events of Default under Section 12.2.2 and a
Material Adverse Change as described in Section 15.1.1(i)(A) or 15.2 for a
period of sixty (60) continuous days (provided that Purchaser shall be entitled
to reduce the amount available under the letter of credit at any time and to the
extent that such amount exceeds [redacted] of the total of Capacity Payments for
the remainder of the Operating Period).

         15.7 In the event that the Purchaser exercises its right to elect an
Extended Term or any Further Extension of this Agreement pursuant to Sections
2.2 and 2.3, and on any day of such Extended Term or Further Extensions the
circumstances of either Sections 15.1.1 or 15.2 apply, then, Purchaser shall
deliver to Seller within ten (10) Business Days of the date of such occurrence,
Eligible Collateral, as defined above, in an amount equal to [redacted] of
Capacity Payments, and the provisions of Sections 15.3, 15.4, 15.5 and 15.6
shall apply to such Eligible Collateral.

                                   SECTION 16
                              LIABILITY OF PARTIES

         16.1     INDEMNITIES.
                  -----------

               16.1.1  TO  THE  EXTENT   PERMITTED  BY  LAW,   EACH  PARTY  (THE
          "INDEMNIFYING PARTY") SHALL FULLY INDEMNIFY AND DEFEND THE OTHER PARTY
          AND EACH OF THE OTHER PARTY'S  SUBSIDIARIES  AND  AFFILIATES,  AND THE
          PARTNERS,   MEMBERS,   PARTICIPANTS,   PRINCIPALS,    REPRESENTATIVES,
          SHAREHOLDERS,  DIRECTORS, OFFICERS, AGENTS, EMPLOYEES,  SUCCESSORS AND
          ASSIGNS OF EACH OF THEM (THE  "INDEMNIFIED  PARTIES") FROM AND AGAINST
          ANY AND ALL LOSSES, COSTS,  DAMAGES,  INJURIES,  LIABILITIES,  CLAIMS,
          DEMANDS, PENALTIES AND INTEREST, INCLUDING REASONABLE ATTORNEYS' FEES,
          RESULTING  FROM THIRD PARTY CLAIMS  DIRECTLY OR INDIRECTLY  RELATED TO
          THIS  AGREEMENT,  TO THE EXTENT CAUSED OR CONTRIBUTED TO BY THE FAULT,
          INTENTIONAL  ACT,  NEGLIGENCE OR STRICT  LIABILITY OF THE INDEMNIFYING
          PARTY OR ITS SUBSIDIARIES,  AFFILIATES,  CONTRACTORS OR SUBCONTRACTORS
          OR ANY OF THE OFFICERS, PARTNERS, MEMBERS, PARTICIPANTS, SHAREHOLDERS,
          PRINCIPALS, DIRECTORS, EMPLOYEES, AGENTS, REPRESENTATIVES,  SUCCESSORS
          OR  ASSIGNS OF ANY OF THEM OR BY BREACH BY THE  INDEMNIFYING  PARTY OF
          THIS AGREEMENT; PROVIDED, HOWEVER, THAT ANY LIABILITY TO THIRD PARTIES
          INCURRED BY SELLER IN PERFORMANCE OF ITS AGENCY FUNCTIONS  PURSUANT TO
          THE  OWNERSHIP   AGREEMENT  OR  THE  OPERATING   AGREEMENT   SHALL  BE
          APPORTIONED IN ACCORDANCE WITH ARTICLE 9 OF THE OWNERSHIP AGREEMENT OR
          ARTICLE 7 OF THE OPERATING AGREEMENT.

               16.1.2 IF ANY INDEMNIFIED  PARTY INTENDS TO SEEK  INDEMNIFICATION
          UNDER THIS SECTION 16.1 FROM AN INDEMNIFYING PARTY WITH RESPECT TO ANY
          ACTION OR CLAIM,  THE  INDEMNIFIED  PARTY SHALL GIVE THE  INDEMNIFYING
          PARTY WRITTEN  NOTICE OF SUCH CLAIM OR ACTION  PROMPTLY  FOLLOWING THE
          RECEIPT OF ACTUAL KNOWLEDGE OR INFORMATION BY THE INDEMNIFIED PARTY OF
          A POSSIBLE CLAIM OR OF THE  COMMENCEMENT  OF A CLAIM OR ACTION,  WHICH
          WRITTEN NOTICE SHALL IN NO EVENT BE DELIVERED  LATER THAN THE FIRST TO
          OCCUR OF (A) FIFTEEN (15) DAYS PRIOR TO THE LAST DAY FOR RESPONDING TO
          SUCH  CLAIM OR ACTION OR (B) THE  EXPIRATION  OF THE FIRST HALF OF THE
          PERIOD   ALLOWED  FOR   RESPONDING  TO  SUCH  CLAIM  OR  ACTION.   THE
          INDEMNIFYING  PARTY SHALL HAVE NO LIABILITY UNDER THIS SECTION FOR ANY
          CLAIM OR ACTION FOR WHICH SUCH  NOTICE IS NOT  PROVIDED  TO THE EXTENT
          THAT THE FAILURE TO GIVE SUCH WRITTEN NOTICE MATERIALLY PREJUDICES THE
          INDEMNIFYING  PARTY. UPON ACKNOWLEDGMENT OF ITS OBLIGATIONS UNDER THIS
          SECTION 16.1,  THE  INDEMNIFYING  PARTY SHALL HAVE THE RIGHT TO ASSUME
          THE DEFENSE OF ANY CLAIM OR ACTION, AT ITS SOLE COST AND EXPENSE, WITH
          COUNSEL   DESIGNATED  BY  THE   INDEMNIFYING   PARTY  AND   REASONABLY
          SATISFACTORY TO THE INDEMNIFIED PARTY; PROVIDED,  HOWEVER, THAT IF THE
          DEFENDANTS IN ANY SUCH ACTION INCLUDE BOTH THE  INDEMNIFIED  PARTY AND
          THE  INDEMNIFYING   PARTY,  AND  THE  INDEMNIFIED   PARTY  SHALL  HAVE
          REASONABLY  CONCLUDED THAT THERE MAY BE LEGAL DEFENSES AVAILABLE TO IT
          WHICH ARE  DIFFERENT  FROM OR  ADDITIONAL  TO THOSE  AVAILABLE  TO THE
          INDEMNIFYING  PARTY,  THE  INDEMNIFIED  PARTY  SHALL HAVE THE RIGHT TO
          SELECT SEPARATE  COUNSEL,  AT THE  INDEMNIFYING  PARTY'S  EXPENSE,  TO
          ASSERT SUCH LEGAL DEFENSES AND TO OTHERWISE PARTICIPATE IN THE DEFENSE
          OF SUCH ACTION ON BEHALF OF SUCH INDEMNIFIED PARTY.

               16.1.3  EXCEPT  TO  THE  EXTENT  EXPRESSLY  PROVIDED  HEREIN,  NO
          INDEMNIFIED  PARTY SHALL  SETTLE ANY CLAIM OR ACTION  WITH  RESPECT TO
          WHICH IT HAS  SOUGHT OR INTENDS TO SEEK  INDEMNIFICATION  PURSUANT  TO
          THIS AGREEMENT  WITHOUT THE PRIOR WRITTEN CONSENT OF THE  INDEMNIFYING
          PARTY.  SHOULD ANY  INDEMNIFIED  PARTY BE ENTITLED TO  INDEMNIFICATION
          UNDER  THIS  SECTION  16.1 AS A RESULT OF A CLAIM OR ACTION BY A THIRD
          PARTY, AND SHOULD THE INDEMNIFYING PARTY FAIL TO ASSUME THE DEFENSE OF
          SUCH CLAIM OR ACTION, THE INDEMNIFIED PARTY MAY, AT THE EXPENSE OF THE
          INDEMNIFYING PARTY,  CONTEST (OR, WITH OR WITHOUT THE PRIOR CONSENT OF
          THE INDEMNIFYING  PARTY,  SETTLE) SUCH CLAIM OR ACTION.  EXCEPT TO THE
          EXTENT EXPRESSLY  PROVIDED HEREIN, NO INDEMNIFYING  PARTY SHALL SETTLE
          ANY CLAIM OR ACTION WITH  RESPECT TO WHICH IT MAY BE LIABLE TO PROVIDE
          INDEMNIFICATION  PURSUANT TO THIS AGREEMENT  WITHOUT THE PRIOR WRITTEN
          CONSENT  OF THE  INDEMNIFIED  PARTY;  PROVIDED,  HOWEVER,  THAT IF THE
          INDEMNIFYING  PARTY HAS REACHED A BONA FIDE SETTLEMENT  AGREEMENT WITH
          THE PLAINTIFF(S) IN ANY SUCH ACTION AND THE INDEMNIFIED PARTY DOES NOT
          CONSENT TO SUCH SETTLEMENT AGREEMENT, THEN THE AMOUNT SPECIFIED IN THE
          SETTLEMENT AGREEMENT, PLUS THE INDEMNIFIED PARTY'S REASONABLE ATTORNEY
          FEES INCURRED PRIOR TO THE DATE OF SUCH  SETTLEMENT  AGREEMENT,  SHALL
          ACT AS AN ABSOLUTE MAXIMUM LIMIT ON THE INDEMNIFICATION  OBLIGATION OF
          THE INDEMNIFYING  PARTY WITH RESPECT TO THE CLAIM, OR PORTION THEREOF,
          THAT IS THE SUBJECT OF SUCH  SETTLEMENT  AGREEMENT  TO THE EXTENT SUCH
          SETTLEMENT AGREEMENT FULLY RELEASES THE INDEMNIFIED PARTY AND DOES NOT
          REQUIRE  ANY  PAYMENT  FROM,  OR  IMPOSE  ANY   RESTRICTION   ON,  THE
          INDEMNIFIED PARTY.

         16.2 LIMITATION ON DAMAGES. NEITHER PARTY NOR ITS SUBSIDIARIES OR
AFFILIATES NOR THE OFFICERS, AGENTS, EMPLOYEES, REPRESENTATIVES, PARTICIPANTS,
PARTNERS, MEMBERS, SHAREHOLDERS, PRINCIPALS, DIRECTORS, SUCCESSORS OR ASSIGNS OF
ANY OF THEM SHALL IN ANY EVENT BE LIABLE TO THE OTHER PARTY OR ITS SUBSIDIARIES
OR AFFILIATES OR THE OFFICERS, AGENTS, EMPLOYEES, REPRESENTATIVES, PARTICIPANTS,
PARTNERS, MEMBERS, SHAREHOLDERS, PRINCIPALS OR DIRECTORS OF ANY OF THEM FOR
CLAIMS FOR INCIDENTAL, PUNITIVE, CONSEQUENTIAL, EXEMPLARY OR INDIRECT DAMAGES OF
ANY NATURE, ARISING AT ANY TIME, FROM ANY CAUSE WHATSOEVER, WHETHER ARISING IN
TORT, CONTRACT, WARRANTY, STRICT LIABILITY, BY OPERATION OF LAW OR OTHERWISE,
CONNECTED WITH OR RESULTING FROM PERFORMANCE OR NON-PERFORMANCE UNDER THIS
AGREEMENT; PROVIDED, HOWEVER, THAT THIS SECTION 16.2 IS NOT INTENDED, NOR SHALL
IT BE CONSTRUED, TO LIMIT OR ELIMINATE A PARTY'S OBLIGATION TO PAY LIQUIDATED
DAMAGES OR TERMINATION PAYMENTS OR MAKE ANY OTHER PAYMENTS EXPRESSLY
CONTEMPLATED HEREIN, OR IN ANY COLLATERAL DOCUMENT, EVEN IF IT MAY BE POSSIBLE
TO CHARACTERIZE SUCH LIQUIDATED DAMAGES OR TERMINATION PAYMENTS OR OTHER
PAYMENTS AS INCIDENTAL, PUNITIVE, CONSEQUENTIAL OR INDIRECT DAMAGES.

         16.3 Seller Affiliate Guarantee. Seller shall at all times following
the Effective Date of this Agreement cause an Affiliate of Seller to maintain in
place a payment guarantee in the form attached to this Agreement as Appendix E.
For purposes of the previous sentence, an "Affiliate" of Seller shall be any
entity controlling, under common control with or controlled by Seller, which has
a credit rating on its senior securities at or above BBB- (Standard & Poors) and
Baa3 (Moody's). If at any time during the term of this Agreement neither
Standard & Poors nor Moody's is in the business of providing credit ratings or
willing to rate Seller's affiliates, then Purchaser and Seller will negotiate in
good faith to choose and implement an alternative mechanism for determining if
and when an entity controlling, under common control with or controlled by
Seller has sufficient credit-worthiness to qualify as an "Affiliate."

         16.4 No Penalty. The Parties agree that it would be extremely difficult
to precisely determine the amount of actual damages that would be suffered by
Purchaser due to Seller's failure to meet the Availability Guarantee or achieve
the schedule provided under Section 5.1.1, that the Availability Damages set
forth in Section 4.3 and the liquidated damages set forth in Section 5.1.2 are
fair and reasonable determinations of the amount of actual damages which would
be suffered by Purchaser or Seller, as the case may be, by reason of such
failure, and that the Availability Damages and other liquidated damages do not
constitute a penalty. Similarly, the Parties agree that it would be extremely
difficult to precisely determine the amount of actual damages that would be
suffered by either Party in case of an Event of Default and a termination of
this Agreement by the Non-defaulting Party, that the Termination Payment set
forth in Section 12.5.1 is a fair and reasonable determination of the amount of
actual damages which would be suffered by the Non-defaulting Party in such
event, and that the Termination Payment does not constitute a penalty.

                                   SECTION 17
                                   ASSIGNMENT

         17.1     Agreement  Binding.  This  Agreement  shall be binding upon,
 and shall inure to the benefit of, the Parties and their successors and
 permitted assigns.

         17.2 Permitted Assignment. This Agreement shall not be assignable by
Seller without the prior written consent of Purchaser, except that this
Agreement (a) may be assigned by Seller without the requirement for such consent
(but with notice to Purchaser) (i) to any Lender from time to time providing
financing to Seller or its affiliate with respect to all or any portion of the
Project or (iii) to any Lender or its designee in connection with a foreclosure
or other exercise of remedies, and (b) unless otherwise waived by Purchaser,
shall be assigned in whole or in part by Seller without the requirement for such
consent (but with notice to Purchaser) in the event of a sale by Seller of all
or a portion of Seller's interest in the Facility, with the purchaser of
Seller's interest in the Facility assuming Seller's obligations under this
Agreement in the same percentage as the portion of Seller's interest being
transferred bears to Seller's entire interest in the Facility. This Agreement
shall not be assignable by Purchaser without the prior written consent of
Seller, provided, however, that Purchaser may assign this Agreement to another
Customer without the requirement for such consent (but with notice to Seller) so
long as such Customer has not experienced a Material Adverse Change under its
PPA. Any such transferee, assignee or purchaser (other than a Lender through
collateral assignment in connection with a lease or other financing transaction
permitted under Section 6.2.8 of the Ownership Agreement) shall confirm its
willingness to accept all of the assigning Party's obligations under this
Agreement by writing reasonably acceptable to the non-assigning Party. Any such
assignee, transferee or purchaser (other than a Lender through collateral
assignment in connection with a lease or other financing transaction permitted
under Section 6.2.8 of the Ownership Agreement) must be sufficiently
creditworthy and otherwise capable of performing all of the assigning Party's
obligations under this Agreement. No assignment or transfer of this Agreement by
a Party shall be permitted during any period in which an Event of Default of
such Party shall have occurred and be continuing and not cured, unless the other
Party shall agree. No assignment of this Agreement shall relieve the assigning
Party of any of its obligations under this Agreement, except that the assignor
shall be released from its obligations under this Agreement at such time as all
future obligations of the assignor hereunder shall have been assumed by the
assignee in a written agreement delivered to the other Party. Any assignment
that does not comply with the provisions of this Section 17 shall be null and
void.

                                   SECTION 18
                               DISPUTE RESOLUTION

         18.1 Good-Faith Negotiations. The Parties shall first negotiate in good
faith to attempt to resolve any dispute, controversy or claim arising out of,
under, or relating to this Agreement (a "Dispute"), unless otherwise mutually
agreed to by the Parties. In the event that the Parties are unsuccessful in
resolving a Dispute through such negotiations, either Party may proceed
immediately to litigation concerning the Dispute.

               18.1.1 The process of  "good-faith  negotiations"  requires  that
          each Party set out in writing to the other its  reason(s) for adopting
          a specific  conclusion or for selecting a particular course of action,
          together  with  the  sequence  of  subordinate  facts  leading  to the
          conclusion or course of action.  The Parties shall attempt to agree on
          a mutually  agreeable  resolution of the Dispute. A Party shall not be
          required  as part of these  negotiations  to provide  any  information
          which is  confidential or proprietary in nature unless it is satisfied
          in  its   discretion   that  the  other   Party  will   maintain   the
          confidentiality  of  and  will  not  misuse  such  information  or any
          information  subject  to  attorney-client  or  other  privilege  under
          applicable Law regarding discovery and production of documents.

               18.1.2 The  negotiation  process  shall  include at least two (2)
          meetings to discuss any Dispute. Unless otherwise mutually agreed, the
          first  meeting shall take place within ten days after either Party has
          received  notice  from the  other of the  desire  to  commence  formal
          negotiations concerning the Dispute. Unless otherwise mutually agreed,
          the second  meeting  shall take place no more than ten days later.  In
          the event a Party  refuses  to attend a  negotiation  meeting,  either
          Party may proceed immediately to litigation concerning the Dispute.

         18.2 Confidentiality and Non-Admissibility of Statements Made in, and
Evidence Specifically Prepared for, Good Faith Negotiations. Each Party hereby
agrees that all statements made in the course of good faith negotiations, as
contemplated in Section 18.1, shall be confidential and shall not be disclosed
to or shared with any third parties (other than any person whose presence is
necessary to facilitate the negotiation process). Each Party agrees and
acknowledges that no statements made in or evidence specifically prepared for
good faith negotiations under Section 18.1 shall be admissible for any purpose
in any subsequent litigation.

                                   SECTION 19
                                    AMENDMENT

         This Agreement cannot be amended, modified or supplemented except by
written agreement making specific reference hereto executed by both Parties.

                                   SECTION 20
                                     NOTICES

         Other than telephonic notices required or permitted under Section 6.1
or Appendix B, any notice required or permitted to be given hereunder shall be
in writing and shall be: (i) personally delivered; (ii) transmitted by postage
prepaid registered mail; (iii) transmitted by a recognized overnight courier
service; or (iv) transmitted by facsimile to the receiving Party as follows, as
elected by the Party giving such notice:

         20.1     In the case of Purchaser:
                  ------------------------

                  Orlando Utilities Commission
                  500 South Orange Avenue
                  Orlando, Florida 32801
                  Attention: Vice-President of Power Resources
                  Telephone: 407-244-8372
                  Facsimile: 407-275-4120

                  With a copy to:
                  --------------

                  Kissimmee Utility Authority
                  1701 West Carroll Street
                  Kissimmee, Florida 34741
                  Attention: Manager Bulk System Planning
                  Telephone: 407-933-7777 ext. 1235
                  Facsimile: 407-847-0787

         20.2     In the case of Seller:
                  ---------------------

                  Southern Company Services, Inc.
                  270 Peachtree Street, Bin 935
                  Atlanta, Georgia 30303
                  Attention: Director of Contract Administration
                  Telephone: 404-506-5100
                  Facsimile: 404-506-0304

                  With a copy to:
                  --------------

                  Troutman Sanders LLP
                  Bank of America Plaza
                  600 Peachtree Street N.E.
                  Atlanta, Georgia 30308
                  Attention: Robert H. Forry, Esq.
                  Telephone: 404-885-3142
                  Facsimile: 404-962-6559

All notices and other communications shall be deemed to have been duly given on
(i) the date of receipt if delivered personally, (ii) five (5) days after the
date of posting if transmitted by mail, (iii) the Business Day following
delivery to the courier if transmitted by overnight delivery service, or (iv)
the date of transmission with confirmation if transmitted by facsimile,
whichever shall first occur. Any Party may change its address for purposes
hereof by notice to the other Party.

                                   SECTION 21
                                 APPLICABLE LAW

         This Agreement shall be governed by, and construed in accordance with,
the laws of the State of Florida, exclusive of any conflict of laws provisions
thereof that would apply the laws of another jurisdiction. The Parties hereby
submit to the jurisdiction of, and agree that venue for actions hereunder shall
be, the U.S. District Court for the Middle District of Florida, if the U.S.
District Court has jurisdiction, or, if the U.S. District Court does not have
jurisdiction, the Circuit Court of the State of Florida sitting in Orange
County, Florida, and the Parties hereby waive any objection to venue in such
courts and any objection to any action or proceeding on the basis of forum non
conveniens.

                                   SECTION 22
                                  SEVERABILITY

         The invalidity or unenforceability of any provision or portion of this
Agreement will not affect the validity of the remainder of this Agreement. If
any provision of this Agreement is determined to be invalid or unenforceable,
the Parties will negotiate in good faith to agree upon substitute provisions to
carry out the purpose and intent of the invalid or unenforceable provision. If
the economic or legal substance of the transactions contemplated hereby is
affected in any manner adverse to any Party as a result thereof, the Parties
shall negotiate in good faith in an effort to agree upon a suitable and
equitable substitute provision to effect the original intent of the Parties.

                                   SECTION 23
                                ENTIRE AGREEMENT

         This Agreement and the Collateral Documents contain the complete
agreement of the Parties hereto with respect to the matters contained herein and
supersede all other agreements, understandings and negotiations, whether written
or oral, with respect to the matters contained herein.

                                   SECTION 24
                          NO THIRD PARTY BENEFICIARIES

         This Agreement is intended to be solely for the benefit of Purchaser
and Seller and their respective successors and permitted assigns and is not
intended to and shall not confer any rights or benefits on any Person not a
signatory hereto.

                                   SECTION 25
                                  COUNTERPARTS

         This Agreement may be executed in one or more counterparts, each of
which shall constitute an original but all of which, when taken together, shall
constitute only one legal instrument.

                                   SECTION 26
                         INFORMATION AND CONFIDENTIALITY

         Where a Party makes any calculation of costs or damages under this
Agreement, such Party shall provide, upon the reasonable request of the other
Party, documentation supporting such calculation. Neither Party shall disclose
or otherwise make available to any other party any information of a technical,
commercial or business nature regarding the Project or this Agreement that has
been marked or identified as confidential or proprietary ("Confidential
Information") without the prior written consent of the other Party, except that
(a) Seller or its affiliate may provide Confidential Information to its or any
such affiliate's prospective Lenders, underwriters, investors, affiliates,
advisors, employees, officers and directors to the extent reasonably required in
connection with the administration of this Agreement, the issuance of debt or
equity or other financing activities of Seller or its affiliate, or the
performance of any duties relating to this Agreement; (b) Purchaser may provide
Confidential Information to its advisors, employees, officers, directors and
Lenders to the extent reasonably required in connection with the administration
of this Agreement or the performance of any such Person's duties relating to
this Agreement; (c) any Party may disclose any such Confidential Information in
any litigation or proceeding to enforce or recover damages under this Agreement;
(d) any Party (or its affiliate) may disclose any such Confidential Information
as may be required by any applicable Law, regulation or governmental order; and
(e) any Party (or its affiliate) may disclose such Confidential Information to
any person or entity succeeding to all or substantially all the assets of such
Party (or its affiliate) or all or a substantial portion of its interest in the
Facility; provided, that in the case of (e), any such successor shall agree to
be bound by the provisions of this Section 26. Confidential Information shall
not include information that: (i) the receiving Party can demonstrate was known
to it prior to its disclosure by the other Party; (ii) is, or later becomes,
public knowledge without breach of this Agreement by the receiving Party; (iii)
was received by the receiving Party from a third party without obligation of
confidentiality; or (iv) is developed by the receiving Party independently from
Confidential Information received from the other Party, as evidenced by
appropriate documentation. In the event that disclosure is required by a valid
order of a court or Governmental Body, the Party subject to such requirement may
disclose Confidential Information to the extent so required, but shall promptly
notify the other Party and shall cooperate with the other Party's efforts to
obtain protective orders or similar restraints with respect to such disclosure.
The provisions of this Section 26 shall continue in effect until three years
after the end of the Operating Period.

         The Parties understand that under the Florida Public Records Law
(Section 119.10, Florida Statutes), any Party or all of them may be subject to
statutory fines and penalties, including but not limited to a requesting Party's
costs and attorney's fees for failure to make public records available for
public inspection upon request (Chapter 119, Florida Statutes). In addition,
each Party may be subject to its own costs and expenses of litigation. With this
understanding in mind, the Parties agree that in the event Purchaser in an
attempt to comply with this Agreement, refuses to honor a public records request
under Chapter 119, Florida Statutes, for examination or inspection of a
confidential document of Seller or any affiliate of Seller and is forced to
defend its actions in a court of competent jurisdiction, Seller shall indemnify,
defend, and hold Purchaser harmless from and against any fines, penalties,
costs, attorney's fees and expenses, including, but not by way of limitation,
attorney's fees, expert fees, court costs and other costs arising from or
related to defending any lawsuit bought pursuant to Chapter 119, Florida
Statutes; provided, however, Seller's consent with such refusal shall be
obtained before Seller can be liable under this Section 26. In addition, the
Parties shall cooperate to provide witnesses to support the Parties'
declarations and certification that the Confidential Information is a valid
trade secret under the above cited Florida law and meets all definitional
requirements therein or is exempt from disclosure under other applicable Florida
law.

                                   SECTION 27
                                PUBLIC STATEMENTS

         Seller and Purchaser shall consult with each other and neither of them
shall issue a press release or make a statement intended for release to the
general public with respect to the transactions contemplated hereby without the
consent of the other Party, which consent shall not be unreasonably withheld,
unless the Party desiring to make such statement or press release is advised by
legal counsel that a statement or press release is required by applicable Law
(including information provided pursuant to a request for public information
under the Florida Public Records Law, Section 119.10, Florida Statutes);
provided, however, that in this event the Party making the public statement or
press release shall notify the other Party in advance of such statement or press
release and allow the other Party reasonable time to comment on such statement
or press release. Notwithstanding the immediately preceding sentence, the
Parties acknowledge that certain meetings of the Orlando Utilities Commission
and the City of Orlando are open to the public, and nothing in this Agreement
shall be deemed to require that the proceedings of such meetings not be made
public or to restrict the reporting by the media of such proceedings.

                                   SECTION 28
                                    INSURANCE

         Seller and Purchaser, and all contractors and subcontractors performing
any services in connection with the operation or maintenance of the Facility,
shall obtain and maintain in force comprehensive general liability insurance,
and property insurance for injury to persons and property, automobile liability
insurance and workman's compensation insurance, all in amounts and under terms
as required by the Operating Agreement.

                                   SECTION 29
                                      TAXES

         Purchaser shall reimburse Seller for, or pay to Seller, all sales, use,
personal property and other taxes of every kind paid or collected by Seller, if
any, that are not currently levied and are hereafter levied on the purchase,
sale or use of fuel consumed by the Facility to provide Energy or Ancillary
Services in accordance with this Agreement or the purchase, sale or use of
Capacity, Energy or Ancillary Services under this Agreement, but excluding any
taxes levied on Seller's net income. Purchaser shall pay directly for all such
sales, use, personal property and other taxes which it is legally obligated and
empowered to pay. In the event Seller, on behalf of Purchaser, pays any taxes
that are the responsibility of Purchaser to reimburse or pay, under the first
two sentences of this Section 29, the amount so paid by Seller shall be added to
a monthly invoice submitted by Seller to Purchaser under Section 9, and
Purchaser shall pay such amount in accordance with Section 9. Upon the
reasonable request of Purchaser, Seller agrees to (i) provide documents related
to taxes or assessments to be reimbursed or paid by Purchaser under this
Agreement and (ii) cooperate with Purchaser at Purchaser's expense should
Purchaser seek to obtain from the entity to which taxes were paid a refund of
any taxes paid by Seller and/or reimbursed or paid by Purchaser.

<PAGE>

                                       A-4

                                   APPENDIX A

                                TECHNICAL LIMITS

                              Unit Operating Modes

1.       Definition of Operating Modes.
         -----------------------------

         The Facility will have several different operating modes.

o             Mode 1: Normal Operation--both gas turbines (CTs) operating with
              no supplemental firing of the Heat Recovery Steam Generator (HRSG)
              and no gas turbine power augmentation.

o             Mode 2: Supplemental Firing Operation--both gas turbines operating
              at full load with supplemental firing of the HRSG.

o             Mode 3: Power Augmentation Operation--both gas turbines operating
              at full load with supplemental firing of the HRSG's (Mode 2
              Supplemental Firing Operation) to produce both steam for full
              steam turbine-generator output with the maximum allowed continuous
              throttle flow at the maximum allowed continuous throttle pressure
              and steam for full gas turbine power augmentation (steam
              injection.)

o Mode 4: Part-load Operation--one or both gas turbines operating at less than
full load.

2.       Natural Gas Requirements.
         ------------------------

         The Facility will require "pipeline quality gas" meeting the
         requirements of GE fuel specification "GEI 41040E - Process
         Specification Fuel Gases for Combustion in Heavy Duty Gas Turbines".

         Natural gas is to be delivered to the Facility by pipeline and the
         pipeline and gas must meet the following equipment characteristics and
         requirements:

o        Nominal Maximum N.G. Flow (HHV) per Block (2x1)      [redacted]

o        Nominal N.G. Higher Heating Value                   [redacted]

o        Minimum Fuel Supply Temperature (after PRV)          [redacted]

o        Fuel Pressure at Gas Control Valve**                 [redacted]

                                                               [redacted]

                  * Based on Winter Peaking (19(degree)F) Power during Full
Pressure Operation.

                  ** Reference GE Pub. GEI 41040E.

3.       Fuel Oil Requirements.
         ---------------------

         The Facility will require fuel oil that is in compliance with ASTM
         Standard Specification D-2880 (as revised) and "GE Gas Turbine Liquid
         Fuel Specifications" (document number GEI 41047H). This No. 2 GT Grade
         Gas Turbine Fuel Oil must be in compliance with the specifications and
         procedures for No. 2 Fuel Oil as defined in ASTM D396.

         Note that environmental permitting may create conditions for sulfur,
         fuel bound nitrogen and other specifications which could affect or add
         minimum specifications, such as, but not limited to, those identified
         in the following table:

                                                                ASTM TEST
                                      SPECIFICATIONS               METHOD
                                                                   ------

         Sulfur, % Wt., Max.      0.05                             D - 1266

         Fuel Bound Nitrogen      0.050% Max.

4.       Dispatch and Operational Requirements.
         -------------------------------------

o    The Facility will be capable of operating with fuel oil. The Facility may
     fire oil in the gas turbines only and not in the HRSG duct burners. During
     these periods, the Facility shall operate in Mode 1 (Normal Operation)
     only.

o    The Facility will require shutdown for a minimum of one hour prior to
     switching from natural gas to oil firing. The fuel oil forwarding system
     will not be operated during normal gas firing, but operation of the fuel
     forwarding system will be initiated upon proper notice of a requirement for
     fuel switching. The Facility will be capable of switching from oil to
     natural gas without shutdown; however, the Facility may be required to
     decrease to a minimum load and stabilize prior to ramping to full load.

o    The Facility will be capable of being controlled via Automatic Generation
     Control (AGC) in Mode 1 (Normal Operation). The AGC load range and ramp
     rate will be set by the Facility's operator based on the actual capability
     of the CTs as determined through testing. With the duct burners firing
     (Mode 2 - Supplemental Firing Operation), the load range and ramp rate will
     be set and manually controlled by the Facility's operator based on the
     capabilities of the duct burners. No load following capability is available
     in Mode 3 (Power Augmentation Operation).

o    The Facility will be allowed to operate in Mode 3 (Power Augmentation
     Operation) only at ambient temperatures of [redacted].

o The Facility will require [redacted] of de-mineralized water for Mode 1
(Normal Operation).

o    The expected maximum allowable rate of load increase for the Facility will
     be [redacted]. Actual maximum load increase rate will be determined by
     actual testing and in light of final permit restrictions and emissions
     tests.

o    The Facility will be expected to be capable of operating minimum load with
     one CT [redacted]. Actual minimum load will be determined in light of final
     NOx emissions and permit restrictions and testing.

o Required startup times for the Facility shall be as follows:

         Mode 1 (Normal  Operation):  refer to  Attachment  1 - Time to
         Dispatch  Curve.  Note:  Actual Curve to be
         determined by testing.

         Mode 2 (Supplemental Firing Operation): [redacted] Mode 1 (Normal
         Operation).

         Mode 3  (Power  Augmentation  Operation):  [redacted]  Mode 1  (Normal
         Operation)  or  [redacted]  Mode 2
         (Supplemental Firing Operation).

o    The Facility will be allowed to operate in Mode 3 (Power Augmentation
     Operation) a [redacted] /year based on the LTSA contract with GE.

o    The Facility will not be allowed to operate in a traditional CT only mode
     (no simple cycle operation, i.e., no bypass stack). However, the CTs will
     be capable of operating independently of the steam turbine utilizing the
     steam bypass systems for a limited time. Most major plant equipment (such
     as HRSG BFP's, condenser, cooling tower and circulating water pumps) will
     be required during operation in this mode. The HRSG duct burners will not
     be available in this mode. The maximum generation capability of the
     Facility operating in this mode will be [redacted].

o    The Facility's CT evaporative coolers should not be operated at ambient
     temperatures less than [redacted] to prevent freezing at the CT compressor
     inlet.

<PAGE>

                                   [redacted]

<PAGE>

                                       B-5

                                   APPENDIX B

                               REQUESTS FOR ENERGY

         1.1 Schedules for Requested Quantities of Energy. Purchaser and each
other Customer shall provide Seller with a single Request for Energy in order to
schedule requested quantities of each category of unit output as follows:

                  1.1.1    Day Ahead Daily Schedule. Customers shall communicate
                           the day ahead Request for Energy for each day to
                           Seller at or before [redacted] of the immediately
                           preceding day before delivery is to be made, or such
                           other earlier time that may be required by an RTO.

                           1.1.1.1  When AGC mode is available, during each hour
                                    the unit is scheduled to be in AGC mode, the
                                    Request for Energy shall specify the maximum
                                    amount of Energy desired for each of the
                                    twenty-four (24) hours. During each hour the
                                    unit is in AGC mode, the Customers shall not
                                    be permitted to reduce the Request for
                                    Energy to an amount less than [redacted] of
                                    the maximum Energy scheduled during that
                                    hour in the Request for Energy from the
                                    Customers' aggregate Equity Capacity and the
                                    Customers' aggregate capacity available
                                    under the Power Purchase Agreements
                                    (Customers' "PPA Capacity"). If in any hour,
                                    should the Customers reduce the Request for
                                    Energy amount by more than [redacted], the
                                    Customers shall pay Seller [redacted] for
                                    the difference between the amount of the
                                    Delivered Energy and [redacted] below the
                                    Request for Energy amount.

                           1.1.1.2  During each hour the Facility is not
                                    scheduled to be in AGC mode or the AGC mode
                                    is unavailable, the Request for Energy shall
                                    specify the amount of Energy from the
                                    Customers' aggregate PPA Capacity and
                                    aggregate Equity Capacity for each of the
                                    twenty-four (24) hours. Requests for Energy
                                    shall be submitted in [redacted] increments
                                    in a total amount that falls between the
                                    Facility's minimum capability and its
                                    maximum capability as described in the
                                    Technical Limits.

                  1.2.     Hourly Changes to the Daily Schedule. The Customers
                           jointly shall be entitled to make changes to a
                           Request for Energy by communicating such changes to
                           Seller no later than [redacted] prior to the
                           beginning of the hour in which such changes are to
                           become effective. The Customers shall be responsible
                           for any costs associated with OASIS notifications and
                           NERC tagging requirements.

                  1.3.     Capacity Emergency. During any periods in which the
                           Customers experience a Capacity Emergency, the
                           Customers shall be entitled to increase the Request
                           for Energy on shorter notice than that provided in
                           paragraph 1.2 above by an amount not to exceed the
                           Customers' unavailable resources that were the cause
                           of the Capacity Emergency and Seller shall endeavor
                           to comply with the request consistent with the
                           Technical Limits, Prudent Utility Practice,
                           applicable Law and Permit requirements.

                  1.4.     Minimum  Start-up  Time.  If the Customers  have
                           scheduled a zero amount of Capacity in
                           any  hour  and  the  Facility  is  not  on-line,
                           the  Customers  shall  provide  notice
                           consistent with the Technical Limits prior to
                           scheduling any Request for Energy.

                  1.5.     Load Following Service. The Customers shall have the
                           ability to control the output of the Facility using
                           the AGC mode, if available, only to the extent that
                           the Facility has the ability to operate in the AGC
                           mode consistent with the Technical Limits, Prudent
                           Utility Practice, and applicable Law and Permit
                           requirements.

                  1.6      Electronic Scheduling. The Customers shall use
                           electronic scheduling for Requests for Energy under
                           this Agreement, if and to the extent that Seller's
                           electronic scheduling capability is operational. To
                           the extent it is not, the Parties will use other
                           mutually agreed-upon communication procedures (such
                           as fax).

         2.1      Shortfall Conditions; Oversupply Conditions.
                  -------------------------------------------

               2.1.1  If the  Facility  is in load  following  service  and OUC,
          acting  for itself  and on behalf of the other  Customers,  determines
          that the actual output of the Facility is not within [redacted] of the
          Request  for  Energy,  OUC shall  communicate  to Seller the amount of
          error.  Seller  shall  endeavor  to adjust  the  actual  output of the
          Facility to be equal to the Request for Energy  within  [redacted]  of
          receipt of the notification. If the actual output of the Facility does
          not  equal  the  Request   for  Energy   within   [redacted]   of  the
          notification,  the  Customers  shall be entitled to  reimbursement  of
          their costs from Seller as follows:

                    2.1.1.1 If the actual output of the Facility is greater than
               the  Request  for  Energy  (an   "Oversupply   Condition"),   the
               decremental  cost  associated  with   over-generation   shall  be
               documented  by the  Customers  until  the  actual  output  of the
               Facility  equals the Request for Energy.  OUC,  acting for itself
               and on behalf  of the  other  Customers,  shall  coordinate  with
               Seller  during the period that the actual  output of the Facility
               exceeds the Request for Energy. The Customers shall advise Seller
               of the total  decremental  costs associated with each instance of
               an Oversupply Condition.  Seller shall compensate OUC, on its own
               behalf  and as agent  for KUA and FMPA,  for any such  Oversupply
               Condition.

                    2.1.1.2  If the  actual  output of the unit is less than the
               Request for Energy (an "Undersupply  Condition"),  the provisions
               of Section 4.3 will apply if applicable.

                    2.1.2 If the Facility is not in load  following  service and
               OUC,  acting  for  itself  and on behalf of the other  Customers,
               determines  that the  actual  output  of the  unit is not  within
               [redacted]  of the  schedule  included  in the Request for Energy
               (plus any other  scheduled  output  pursuant to Seller's right to
               schedule Energy pursuant to Section 4.5 of this Agreement),  then
               OUC shall  communicate to Seller the amount of the error.  Seller
               shall  endeavor to adjust the actual output of the Facility to be
               equal to the Request for Energy (plus any other scheduled  output
               pursuant to Seller's right to schedule Energy) within  [redacted]
               of  receipt  of the  notification.  If the  actual  output of the
               Facility does not equal the schedule  included in the Request for
               Energy  (plus any other  scheduled  output  pursuant  to Seller's
               right to schedule Energy) within  [redacted] of the notification,
               the Customers shall be entitled to  reimbursement  of their costs
               from Seller as follows:

                           2.1.2.1  If an Oversupply Condition exists, the
                                    decremental cost associated with
                                    over-generation shall be documented by the
                                    Customers until the actual output of the
                                    unit equals the Request for Energy (plus any
                                    other scheduled output pursuant to Seller's
                                    right to schedule Energy). The Customers
                                    shall advise Seller of the total decremental
                                    costs associated with each instance of an
                                    Oversupply Condition.

                           2.1.2.2  If an Undersupply Condition exists, the
                                    provisions of Section 4.3 will apply if
                                    applicable.

         3.1      Notification Requirements for Delivery of Energy from
                  Alternate Resources.

                    3.1.1 When the Facility is available  and running at minimum
               load and spinning reserves are available,  Seller will notify OUC
               if  Seller  has  scheduled  delivery  of  Energy  from  Alternate
               Resources  to meet all or a portion  of  Customers'  Schedule  at
               least  [redacted]  (or the  amount  of time in  which  an RTO has
               determined that the Physical  Transmission Rights ("PTRs") may be
               recalled) prior to the scheduled commencement of delivery of such
               Energy.  For purposes of paragraph 3.1, the phrase "has scheduled
               delivery" means that Seller has scheduled and arranged the OASIS,
               tagging,  and any  transmission  rights required by an RTO. If an
               RTO is established  in Florida,  and under such condition the RTO
               determines  that  Physical  Transmission  Rights  (PTRs)  may  be
               recalled if not  utilized,  then Seller will notify OUC if Seller
               has so scheduled  delivery of Energy from Alternate  Resources at
               least  [redacted]  (or the  amount  of time in  which  an RTO has
               determined that the PTRs may be recalled) and [redacted] prior to
               the  scheduled  commencement  of delivery of such Energy.  At the
               time Seller notifies OUC that Seller has so scheduled delivery of
               Energy from Alternate Resources,  Seller will identify the source
               and quantity of such Energy and the path of its  transmission  to
               OUC.

                    3.1.2 When the Facility is unavailable  and is not scheduled
               to return to service  in time for Seller to serve the  Customers'
               Schedule, Seller will notify OUC within [redacted] after Seller's
               receipt of Customers'  Schedule if Seller has scheduled  delivery
               of Energy from  Alternate  Resources  to meet all or a portion of
               such  Customers'  Schedule.  At the time Seller notifies OUC that
               Seller  has  so  scheduled  delivery  of  Energy  from  Alternate
               Resources,  Seller will  identify the source and quantity of such
               Energy and the path of its transmission to OUC.

                    3.1.3 When the Facility becomes  unavailable while Seller is
               serving  Customers'  Schedule,  Seller  will  notify  OUC  within
               [redacted] after the Facility is deemed unavailable if Seller has
               scheduled delivery of Energy from Alternate Resources to meet all
               or a portion of the remainder of Customers'  Schedule.  If Seller
               notifies OUC that Seller has so scheduled delivery of Energy from
               Alternate  Resources,  then Seller will schedule delivery of such
               Energy  to  begin no later  than  the top of the next  full  hour
               following the hour that Seller notified OUC of Seller's election.
               (Example:  The Facility becomes  unavailable at [redacted] Seller
               gives notice no later than  [redacted]  if Seller will arrange to
               deliver Energy from Alternate Resources.  Delivery from Alternate
               Resources  should  begin no later  than  [redacted])  At the time
               Seller  notifies  OUC that  Seller has so  scheduled  delivery of
               Energy from Alternate Resources,  Seller will identify the source
               and quantity of such Energy and the path of its  transmission  to
               OUC.

                    3.1.4  When the  Facility  is  expected  to  return  from an
               outage, but does not, Seller will notify OUC within [redacted] of
               Seller's  realization  that the Facility will not be available as
               expected to meet the start of a Customer's Schedule. If the start
               of such Customer's Schedule is to begin within [redacted] or less
               from the time of such notice,  Seller will notify OUC at the same
               time if Seller has  scheduled  delivery of Energy from  Alternate
               Resources to meet all or a portion of such  Customer's  Schedule.
               Otherwise Seller will notify OUC if Seller has scheduled delivery
               of Energy from  Alternate  Resources  to meet all or a portion of
               such Customer's  Schedule at least  [redacted] prior to the start
               of such Schedule and  preferably at least  [redacted]  prior.  If
               Seller notifies OUC that Seller has scheduled  delivery of Energy
               from Alternate  Resources,  then Seller will schedule delivery of
               such  Energy to begin no later than the top of the next full hour
               following the hour that Seller notified OUC of Seller's  election
               (but not  earlier  than  the  original  start of such  Customers'
               Schedule).  If  an  RTO  develops  in  Florida,  and  under  such
               condition  the RTO  determines  that PTRs may be  recalled if not
               utilized,  then Seller  will  notify OUC if Seller has  scheduled
               delivery of Energy from Alternate  Resources at least  [redacted]
               (or the  amount of time in which an RTO has  determined  that the
               PTRs may be  recalled)  and  [redacted]  prior  to the  scheduled
               commencement  of  delivery  of such  Energy.  At the time  Seller
               notifies OUC that Seller has so scheduled delivery of Energy from
               Alternate Resources, Seller will identify the source and quantity
               of such Energy and the path of its transmission to OUC.

<PAGE>

                                       C-1

                                   APPENDIX C

                           CAPACITY TESTING PROCEDURE

        The capability of the Facility will be required to be demonstrated prior
to the Commencement Date. The demonstration of the capability of the Facility
following the Commencement Date shall be scheduled in accordance with the
provisions of Section 4.1.2. As provided in Section 4.1.3, Participants may also
request additional tests of the Facility which shall not be used as the basis
for determining the Demonstrated Capability of the Facility. Purchaser shall
have the right to monitor (either on-Site or otherwise) all performance tests.

        All Capacity testing will be adjusted to the Rated Conditions using
correction curves supplied by Seller. "Rated Conditions" means seventy (70)
degrees Fahrenheit ((degree)F) and forty five percent (45%) relative humidity.
The demonstrated net output of the Facility will be as measured by the Meters.

        On the date of the Capacity test, Seller shall bring the Facility to
maximum full load capability within the Technical Limits of the Facility for the
ambient conditions for that day. The test shall be scheduled between the weekday
hours of 11:00 a.m. and 7:00 p.m. (prevailing Eastern Time) and will be
conducted over an eight consecutive hour period (or a lesser period if mutually
agreed upon). Seller must notify Customers when the Facility is at maximum full
load capability, at which time the Capacity test shall begin. The Demonstrated
Capability will be the average net hourly output over the test period corrected
to Rated Conditions.

<PAGE>

exhibit 10.23.doc

                                       D-1

                                   APPENDIX D

         Example Calculations of Quantities of Gas Transportation and/or
            Commodity Required for Delivery from Alternate Resources

         Listed below are examples of the determination of the amount of gas
transportation and/or commodity that the Fuel Supply Agent shall provide to
Seller pursuant to Section 4.2.5.2 or 4.2.5.3 when Seller elects to deliver
Energy from Alternate Resources.

Example 1

         The facility is unavailable. The Customers have Scheduled 400 MWh of
         Energy in an hour. Seller notifies OUC that Seller will supply the 400
         MWh of Energy for the subject hour from Alternate Resources.

In Example 1, the Fuel Supply Agent will provide [redacted]

Example 2

         The facility is unavailable. The Customers have Scheduled 610 MWh of
         Energy in an hour. Seller notifies OUC that Seller will supply 550 MWh
         of Energy for the subject hour from Alternate Resources.

In Example 2, the Fuel Supply Agent will provide [redacted]

Example 3

         The facility is available. The Customers have Scheduled 450 MWh of
         Energy in an hour. Seller notifies OUC that Seller will deliver 100 MWh
         of Energy for the subject hour from Alternate Resources and 350 MWh
         from the Facility.

In Example 3, the Fuel Supply Agent will provide [redacted]

Example 4

         The facility is available. The Customers have Scheduled 600 MWh of
         Energy in an hour. Seller notifies OUC that Seller will deliver 200 MWh
         of Energy for the subject hour from Alternate Resources and 400 MWh
         from the Facility.

In Example 4, the Fuel Supply Agent will provide [redacted]

<PAGE>

exhibit 10.23.doc

                                       E-9

                                   APPENDIX E

                            FORM OF PAYMENT GUARANTY

         This Guaranty Agreement (the "Guaranty") is made by The Southern
Company ("Guarantor"), a Delaware corporation, in favor of Kissimmee Utility
Authority ("KUA"), a public body corporate organized and existing under the laws
of the State of Florida.

         WHEREAS, Southern Company - Florida LLC ("Principal Obligor"), a
Delaware limited liability company, and KUA entered into that certain Power
Purchase Agreement, dated as of March 19, 2001 (the "PPA");

         WHEREAS, Guarantor has agreed to provide assurance for the payment of
Principal Obligor's obligations in connection with the PPA as provided in this
Guaranty; and

         WHEREAS, the execution and delivery of this Guaranty by Guarantor is
pursuant to the terms of the PPA in order to satisfy the requirement that
Principal Obligor cause an Affiliate to maintain in place a guaranty of
Principal Obligor's obligations under the PPA.

         NOW, THEREFORE, in consideration of the premises and other good and
valuable consideration, the adequacy, receipt and sufficiency of which are
hereby acknowledged, Guarantor hereby agrees as follows:

     1. Guaranty.  Guarantor hereby irrevocably,  unconditionally and absolutely
guarantees  the  punctual  payment  when  due  of  Principal  Obligor's  payment
obligations  arising  under the PPA, as amended or  modified  from time to time,
together with any interest thereon, including,  without limitation, any interest
amounts  accruing under the PPA during the pendency of  insolvency,  bankruptcy,
reorganization or other similar  proceedings  affecting Principal Obligor or its
assets;  provided,  however,  that the maximum liability of Guarantor under this
Guaranty with respect to Principal Obligor's  obligations under the PPA shall be
limited to the amount that is equal to the then-current  Termination Payment (as
defined  in the PPA),  which  shall not  exceed  in any event One  Million  Nine
Hundred Forty-Six Thousand One Hundred Dollars ($1,946,100)  (collectively,  the
"Guaranteed  Obligations");  provided,  further,  that  the  cap on  Guarantor's
liability under this Guaranty  established in the immediately  preceding  clause
creates an absolute cap on  Guarantor's  liability to KUA in relation to the PPA
and, if and when Guarantor's liability under this Guaranty has reached such cap,
then from and after such time,  Guarantor shall have no further  liability under
this Guaranty  whatsoever to KUA and this Guaranty  shall  thereupon  terminate;
provided, further, that costs incurred by Guarantor under Section 4 hereof shall
not be counted for purposes of  determining  whether  Guarantor has reached such
cap,  unless and to the extent  that  Guarantor's  costs  under such  Section 4,
together with costs incurred by Guarantor under the corresponding  provisions of
Guarantor's  other three Payment  Guarantees of  contemporaneous  date to one or
more of OUC, FMPA and KUA,  exceed Three  Million  Dollars  ($3,000,000)  in the
aggregate.

     2. Guaranty Absolute.  The liability of Guarantor under this Guaranty shall
be irrevocable, absolute and unconditional irrespective of:

          (a) any lack of validity or  enforceability of or defect or deficiency
     in the PPA or any other documents executed in connection with the PPA;

          (b) any assignment, transfer, modification, extension or waiver of any
     of the terms of the PPA;

          (c) any  change in the time,  manner,  terms of  payment  of or in any
     other  term of,  all or any of the  Guaranteed  Obligations,  or any  other
     amendment  or waiver of or any consent to departure  from any  agreement or
     instrument executed in connection therewith;

          (d) any sale,  exchange,  release or  non-perfection  of any  property
     standing  as  security  for  the  liabilities   hereby  guaranteed  or  any
     liabilities  incurred  directly  or  indirectly  hereunder  or any  set off
     against any of said  liabilities,  or any release or amendment or waiver of
     or  consent to  departure  from any other  guaranty,  for all or any of the
     Guaranteed Obligations;

          (e)  applicable  statutes of  limitation,  failure,  omission,  delay,
     waiver or refusal  by KUA to  exercise,  in whole or in part,  any right or
     remedy  held by KUA with  respect to the PPA or any  transaction  under the
     PPA; or

          (f) any change in the  existence,  structure or ownership of Guarantor
     or Principal  Obligor,  or any insolvency,  bankruptcy,  reorganization  or
     other similar proceeding affecting Principal Obligor or its assets.

         The obligations of the Guarantor hereunder are several from the
Principal Obligor or any other person, and are primary obligations concerning
which the Guarantor is the principal obligor. There are no conditions precedent
to the enforcement of this Guaranty, except as expressly contained herein.

         This Guaranty shall continue to be effective or be reinstated, as the
case may be, if at any time any payment of any of the Guaranteed Obligations are
annulled, set aside, invalidated, declared to be fraudulent or preferential,
rescinded or must otherwise be returned, refunded or repaid by KUA upon the
insolvency, bankruptcy, dissolution, liquidation or reorganization of Principal
Obligor or any other guarantor, or upon or as a result of the appointment of a
receiver, intervenor or conservator of, or trustee or similar officer for,
Principal Obligor or any other guarantor or any substantial part of its property
or otherwise, all as though such payment or payments had not been made.

3.       Waiver.  This is a guaranty of payment and not of collection.
         Guarantor hereby waives:

          (a)  notice  of  acceptance  of  this  Guaranty,  of the  creation  or
     existence of any of the Guaranteed  Obligations and of any action by KUA in
     reliance hereon or in connection herewith;

          (b) except as  expressly  set forth  herein,  presentment,  demand for
     payment,  notice of dishonor or  nonpayment,  protest and notice of protest
     with respect to the Guaranteed Obligations; and

          (c) any requirement that suit be brought against  Principal Obligor or
     any other person as a condition to Guarantor's liability for the Guaranteed
     Obligations  under this  Guaranty or as a condition to the  enforcement  of
     this Guaranty against Guarantor.

         Notwithstanding anything to the contrary set forth herein, Guarantor
         shall have the same defenses available to it as Principal Obligor may
         have with respect to any payment obligations arising under the PPA.

          4.  Expenses.  Guarantor  agrees to pay on demand  any and all  costs,
     including reasonable  legal fees,  and other  expenses  incurred by KUA in
     enforcing  Guarantor's  payment  obligations under this Guaranty;  provided
     that the  Guarantor  shall  not be  liable  for any  expenses  of KUA if no
     payment under this Guaranty is due.

          5.  Subrogation.  Guarantor  shall be  subrogated to all rights of KUA
     against  Principal  Obligor  in respect of any  amounts  paid by  Guarantor
     pursuant to the Guaranty,  provided that Guarantor waives any rights it may
     acquire by way of  subrogation  under this  Guaranty,  by any payment  made
     hereunder or otherwise,  until all of the Guaranteed Obligations shall have
     been  irrevocably  paid to KUA in full.  If any amount shall be paid to the
     Guarantor  on account of such  subrogation  rights at any time when all the
     Guaranteed  Obligations shall not have been paid in full, such amount shall
     be held in trust for the benefit of KUA and shall  forthwith be paid to KUA
     to be applied to the  Guaranteed  Obligations.  If (a) the Guarantor  shall
     perform and shall make payment to KUA of all or any part of the  Guaranteed
     Obligations and (b) all the Guaranteed  Obligations shall have been paid in
     full, KUA shall,  at the  Guarantor's  request,  execute and deliver to the
     Guarantor  appropriate  documents  necessary  to evidence  the  transfer by
     subrogation to the Guarantor of any interest in the Guaranteed  Obligations
     resulting from such payment by Guarantor.

          6. Notices. All demands, notices and other communications provided for
     hereunder shall, unless otherwise  specifically  provided herein, (a) be in
     writing  addressed  to the party  receiving  the notice at the  address set
     forth  below or at such  other  address  as may be  designated  by  written
     notice,  from time to time, to the other party,  and (b) be effective  upon
     delivery, when mailed by U.S. mail, registered or certified, return receipt
     requested,  postage prepaid, or personally delivered. Notices shall be sent
     to the following addresses:

         If to KUA:

                  Kissimmee Utility Authority

                  1701 West Carroll Street

                  Kissimmee, FL  34741

                  Attention:  Director of Power Supply

                  Tel:  407-933-7777 ext. 1235

                  Fax:  407-847-0787

         With a copy to:

                  Kissimmee Utility Authority

                  1701 West Carroll Street

                  Kissimmee, Florida  34742-3219

                  Attention:  Manager Bulk System Planning

                  Telephone:  407-933-7777 ext. 1235

                  Facsimile:  407-847-0787

         If to Guarantor:

                  The Southern Company

                  c/o Southern Company Services, Inc.

                  270 Peachtree Street NW

                  Suite 2000

                  Atlanta, GA 30303

                  Attention:  Allen L. Leverett, Vice President and Treasurer

                  Tel:  404-506-0710

                  Fax:  404-506-0712

         With a copy to:

                  Robert H. Forry, Esq.

                  Troutman Sanders LLP

                  Bank of America Plaza

                  600 Peachtree Street, N.E.

                  Suite 5200

                  Atlanta, Georgia 30308-2216

                  Tel:  404-885-3142

                  Fax:  404-962-6559

         If to Principal Obligor:

                  Southern Company - Florida LLC

                  c/o Southern Company Services, Inc.

                  270 Peachtree Street NW

                  Suite 2000

                  Atlanta, GA 30303
                  Attention:  Allen L. Leverett, Vice President and Treasurer

                  Tel:  404-506-0710

                  Fax:  404-506-0712

         With a copy to:

                  Robert H. Forry, Esq.

                  Troutman Sanders LLP

                  Bank of America Plaza

                  600 Peachtree Street, N.E.

                  Suite 5200

                  Atlanta, Georgia 30308-2216

                  Tel:  404-885-3142

                  Fax:  404-962-6559

7.       Demand and Payment. Any demand by KUA for payment hereunder shall be in
         writing, signed by a duly authorized officer of KUA and delivered to
         the Guarantor pursuant to Section 6 hereof, and shall (a) reference
         this Guaranty, (b) specifically identify the Principal Obligor, the
         Guaranteed Obligations to be paid and the amount of such Guaranteed
         Obligations and (c) set forth payment instructions. There are no other
         requirements of notice, presentment or demand. Guarantor shall pay, or
         cause to be paid, such Guaranteed Obligations within three (3) business
         days of receipt of such demand.

8.       No Waiver; Remedies. Except as to applicable statutes of limitation, no
         failure on the part of KUA to exercise, and no delay in exercising, any
         right hereunder shall operate as a waiver thereof, nor shall any single
         or partial exercise of any right hereunder preclude any other or
         further exercise thereof or the exercise of any other right. The
         remedies herein provided are cumulative and not exclusive of any
         remedies provided by law.

9.       Replacement of Guarantor and Termination.

                  (a) Guarantor may assign and delegate its rights and
         obligations under this Guarantee, in whole or in part, as follows: (i)
         without the consent of KUA, to Southern Power Company, a Delaware
         corporation and parent company of Principal Obligor, or other Affiliate
         of Principal Obligor, if Southern Power Company or such other Affiliate
         has achieved the following three characteristics: (1) a credit rating
         on its senior securities at or above BBB- (Standard & Poors) and Baa3
         (Moody's), (2) Net Equity (as hereinafter defined) of at least Two
         Hundred Fifty Million Dollars ($250,000,000), as reflected on its most
         recent audited balance sheet, and (3) Gross Equity (as hereinafter
         defined) of at least Five Hundred Million Dollars ($500,000,000),
         provided, however, that the date on which Guarantor causes such a
         replacement of this Guaranty under this Section 9(a)(i) may not be
         earlier than the Commercial Operation Date (as defined in the Ownership
         Agreement); or (ii) with the consent of KUA, which consent may not be
         unreasonably withheld, to an assignee which has a credit rating on its
         senior securities at or above BBB- (Standard & Poors) and Baa3
         (Moody's) and which meets other reasonable financial criteria similar
         to those identified in Section 9(a)(i), provided, however, that if
         Guarantor requests KUA's consent to such an assignment and delegation
         in connection with a permitted transfer or assignment of the PPA, then
         KUA may not withhold such consent if the assignee meets the financial
         criteria in Section 9(a)(ii). An assignment and delegation of
         Guarantor's rights and obligations under this Section 9 shall become
         effective when the replacement guarantor executes and delivers to KUA a
         replacement guaranty on terms and conditions substantially similar to
         this Guaranty.

                  (b) For purposes of this Guaranty, the following terms shall
have the following meanings:

         "Net Equity" shall mean the aggregate of the capital stock and other
         equity accounts (including retained earnings and paid-in capital) of
         Southern Power Company or other Affiliate of Principal Obligor, as the
         case may be.

         "Gross Equity" shall mean Net Equity plus Guaranteed Debt plus loans to
         Southern Power Company from its parent corporation.

         "Guaranteed Debt" shall mean any obligations of Southern Power Company
         or other Affiliate of Principal Obligor, as the case may be, for or in
         respect of (a) moneys borrowed or raised (whether or not for cash) by
         whatever means (including acceptances, deposits, discounting, letters
         of credit, factoring (other than on a non-recourse basis), finance
         leases, and any other form of financing which is recognized in Southern
         Power Company's or other Affiliate of Principal Obligor's, as the case
         may be, financial statements as being in the nature of a borrowing
         (excluding for the avoidance of doubt, share capital, share premium
         account and any capital prepayment reserve), which has been guaranteed
         by Guarantor, and (b) the deferred purchase price of assets or services
         (other than goods and services obtained on normal commercial terms in
         the ordinary course of business or operations), which has been
         guaranteed by Guarantor.

         "Affiliate" of an Entity shall mean any other entity controlled by,
         controlling or under common control with such entity, where control of
         an entity means the ability to direct the policies of such entity
         through election of a majority of such entity's board of directors or
         other governing body or by contract or otherwise.

               (c) This Guaranty shall terminate, and upon the effective date of
          such termination  Guarantor shall have no further liability hereunder,
          on the  earliest  to  occur  of:  (i) the  satisfaction  of all of the
          Guaranteed Obligations, (ii) the termination or expiration of the PPA,
          (iii) the date on which the liability  cap is reached,  as provided in
          Section  1  hereof,  or (iv)  the  date on  which  an  assignment  and
          delegation  by  Guarantor  of its  rights  and  obligations  hereunder
          becomes effective under Section 9(a) hereof.

          10. Assignment by KUA; Successors and Assigns. KUA may, upon notice to
     Guarantor, assign its rights hereunder only to a subsequent owner of all of
     KUA's  interest in the  Facility  and the  Interconnection  Facilities  (as
     defined  in the PPA)  without  the  consent  of  Guarantor.  Subject to the
     foregoing,  this Guaranty shall be binding upon and inure to the benefit of
     the parties hereto and their respective successors,  permitted assigns, and
     legal representatives.

          11. Amendments,  Etc. No amendment of this Guaranty shall be effective
     unless  in  writing  and  signed  by  Guarantor  and KUA.  No waiver of any
     provisions  of this  Guaranty  or consent  to any  departure  by  Guarantor
     therefrom  shall in any event be  effective  unless such waiver shall be in
     writing and signed by KUA. Any such waiver  shall be effective  only in the
     specific instance and for the specific purpose for which it was given.

          12.  Captions.  The captions in this  Guaranty  have been inserted for
     convenience only and shall be given no substantive  meaning or significance
     whatsoever in construing the terms and provisions of this Guaranty.

               13. Representations and Warranties.

         The Guarantor represents and warrants as follows:

         (a)      The Guarantor is duly organized, validly existing and in good
                  standing under the laws of the jurisdiction of its
                  incorporation and has full corporate power to execute, deliver
                  and perform this Guaranty.

         (b)      The execution, delivery and performance of this Guaranty have
                  been and remain duly authorized by all necessary corporate
                  action and do not contravene the Guarantor's constitutional
                  documents or any contractual restriction binding on the
                  Guarantor or its assets.

         (c)      This Guaranty constitutes the legal, valid and binding
                  obligation of the Guarantor enforceable against Guarantor in
                  accordance with its terms, subject, as to enforcement, to
                  bankruptcy, insolvency, reorganization and other laws of
                  general applicability relating to or affecting KUA's rights
                  and to general equity principles.

         (d)      The financial statements of Guarantor for the year ended
                  December 31, 2000 (the "Financial Statements"), heretofore
                  delivered to KUA or filed with the United States Securities
                  Exchange Commission by Guarantor present fairly the financial
                  condition and results of operations of Guarantor and its
                  consolidated subsidiaries as of the dates and for the period
                  specified therein in conformity with generally accepted
                  accounting principles, and, except as otherwise expressly
                  stated therein, consistently applied.

     14.  Limitation  by Law. All rights,  remedies and powers  provided in this
Guaranty may be exercised only to the extent that the exercise  thereof does not
violate any applicable provision of law, and all the provisions of this Guaranty
are intended to be subject to all  applicable  mandatory  provisions of law that
may be controlling  and to be limited to the extent  necessary so that they will
not render this  Guaranty  invalid,  unenforceable,  in whole or in part, or not
entitled  to be  recorded,  registered  or filed  under  the  provisions  of any
applicable law.

     15.  Governing  Law;  Submission to  Jurisdiction.  This Guaranty  shall be
governed by, and construed in accordance with, the laws of the State of Georgia,
exclusive of any conflict of laws  provisions  thereof that would apply the laws
of another  jurisdiction.  The parties hereby submit to the jurisdiction of, and
agree that venue for actions hereunder shall be, the U.S. District Court for the
Northern District of Georgia,  if the U.S. District Court has jurisdiction,  or,
if the U.S. District Court does not have jurisdiction, the Superior Court of the
State of Georgia sitting in Fulton County,  Georgia and the parties hereby waive
any  objection  to venue in such  courts  and any  objection  to any  action  or
proceeding on the basis of forum non conveniens.

         IN WITNESS WHEREOF, Guarantor has caused this Guaranty to be duly
executed and delivered by its duly authorized officer effective as of this ___
day of __________, 2001.

                                            "Guarantor"

                                            THE SOUTHERN COMPANY

                                            By:
                                               -----------------

                                            Name:
                                                 ---------------

                                            Title:
                                                  --------------Exhibit 10.24

                                 EXECUTION COPY

                             PUBLIC RELEASE VERSION

                            POWER PURCHASE AGREEMENT

                                     BETWEEN

                       FLORIDA MUNICIPAL POWER AGENCY (ALL
                       REQUIREMENTS POWER SUPPLY PROJECT)

                                       AND

                         SOUTHERN COMPANY - FLORIDA LLC

                           Dated as of March 19, 2001

<PAGE>

<TABLE>
<CAPTION>

                                TABLE OF CONTENTS

Section                                                                                                        Page

<S>                                                                                                               <C>
SECTION 1 DEFINITIONS AND EXPLANATION OF TERMS                                                                    2

SECTION 2 TERM OF AGREEMENT                                                                                      14

SECTION 3 CONDITIONS PRECEDENT                                                                                   15

SECTION 5 SCHEDULE FOR DELIVERY OF CAPACITY AND ENERGY                                                           30

SECTION 6 REQUESTS FOR ENERGY; OPERATION AND MAINTENANCE                                                         32

SECTION 7 INTERCONNECTION AND TRANSMISSION                                                                       34

SECTION 8 RISK OF LOSS; METERING                                                                                 35

SECTION 9 METHOD OF PAYMENT                                                                                      37

ARTICLE 10 CHANGE IN LAW; MODIFICATION OF AGREEMENT                                                              38

SECTION 11 FORCE MAJEURE                                                                                         39

SECTION 12 EVENTS OF DEFAULT; TERMINATION                                                                        40

SECTION 13 WAIVER                                                                                                44

SECTION 14 REPRESENTATIONS AND WARRANTIES                                                                        44

SECTION 15 PERFORMANCE ASSURANCE                                                                                 47

SECTION 16 LIABILITY OF PARTIES                                                                                  49

SECTION 17 ASSIGNMENT                                                                                            53

SECTION 18 DISPUTE RESOLUTION                                                                                    54

SECTION 19 AMENDMENT                                                                                             55

SECTION 20 NOTICES                                                                                               55

SECTION 21 APPLICABLE LAW                                                                                        56

SECTION 22 SEVERABILITY                                                                                          57

SECTION 23 ENTIRE AGREEMENT                                                                                      57

SECTION 24 NO THIRD PARTY BENEFICIARIES                                                                          57

SECTION 25 COUNTERPARTS                                                                                          57

SECTION 26  INFORMATION AND CONFIDENTIALITY                                                                      57

SECTION 27 PUBLIC STATEMENTS                                                                                     59

SECTION 28 INSURANCE                                                                                             59

SECTION 29 TAXES                                                                                                 59

APPENDIX A                 TECHNICAL LIMITS

APPENDIX B                 REQUESTS FOR ENERGY

APPENDIX C                 CAPACITY TESTING PROCEDURE

APPENDIX D                 EXAMPLE CALCULATIONS

APPENDIX E        AFFILIATE GUARANTEE

</TABLE>

<PAGE>

                            POWER PURCHASE AGREEMENT

                  This Power Purchase Agreement (this "Agreement") is made and
entered into as of the 19th day of March, 2001, by and between Florida Municipal
Power Agency (All Requirements Power Supply Project), a governmental legal
entity existing under the laws of the State of Florida ("Purchaser"), and
Southern Company - Florida LLC, a limited liability company organized and
existing under the laws of the State of Delaware ("Seller"). Purchaser and
Seller are hereinafter each referred to individually as a "Party" and
collectively as the "Parties." Seller acknowledges that in executing and
delivering this Agreement and performing its obligations hereunder Purchaser is
acting on behalf of its All-Requirements Power Supply Project.

                                    RECITALS

                  WHEREAS, in addition and supplemental to their other powers,
OUC, KUA and FMPA (the "Public Agencies"), pursuant to the Florida Interlocal
Cooperation Act of 1969, Chapter 163, Part I, Florida Statutes, (the "Interlocal
Act") are authorized and empowered to cooperate with each other on a basis of
mutual advantage and thereby to provide services and facilities in a manner and
pursuant to forms of government organizations that will best accord with
geographic, economic, electrical generation requirements and other factors; and

                  WHEREAS, the Ownership Agreement was entered into by the
Public Agencies as an interlocal agreement, to invoke all of the powers of the
Interlocal Act, for the purpose of providing a structure for the Public
Agencies, in participation with Seller, a foreign public utility, to operate,
maintain, repair, improve, extend, or otherwise participate jointly in a nominal
six hundred thirty-three (633) megawatt combined cycle electric generating
facility (the "Facility"), which is proposed, and which is to be constructed,
owned, and located within the State of Florida by Seller and the Public
Agencies; and

                  WHEREAS, Seller intends to sell to Purchaser, and Purchaser
intends to purchase from Seller, a portion of Seller's share of the Capacity and
Energy generated by the Facility in accordance with the terms and conditions of
this Agreement and in full compliance with the Interlocal Act; and

                  WHEREAS, Seller and Purchaser acknowledge that this Agreement
is one of three substantially similar contracts through which Seller will sell
and the three Purchasers will individually purchase their respective designated
shares of Seller's share of the Capacity and Energy generated by the Facility;
and

                  WHEREAS, this Agreement and the two substantially similar
contracts are entered into to invoke all of the powers of the Interlocal Act for
the purpose of obligating Customers, pursuant to such Interlocal Act, to
purchase Seller's share of the Capacity of the Energy generated by the Facility
in accordance with the terms and conditions of this Agreement.

                  NOW, THEREFORE, for the purpose of exercising all of the
powers enumerated in the Interlocal Act and the Florida Joint Power Act, Part II
of Chapter 361, Florida Statutes, (the "Joint Power Act") (collectively, the
"Acts"), Purchaser hereby designates this Agreement as an interlocal agreement
within the meaning and intent of the Interlocal Act, and invokes all powers
contained therein with full powers to perform all of the provisions herein
authorized to be performed by the Parties; and

                  FURTHER, NOW, THEREFORE, in consideration of the mutual
promises, covenants and agreements set forth herein, and other good and valuable
consideration, the receipt, sufficiency and adequacy of which are hereby
acknowledged, the Parties, intending to be legally bound hereby, agree as
follows:

                                    SECTION 1
                      DEFINITIONS AND EXPLANATION OF TERMS

     1.1  Definitions.  When used in this Agreement,  the following  capitalized
terms shall have the meanings set forth below:

1.1.1 "Actual Availability" has the meaning given such term in Section 4.3.3 or
4.3.4, as applicable.

1.1.2 "Actual Capability" means the amount of Capacity the Facility is capable
of producing in any given hour.

     1.1.3 "AGC" means automatic generation control,  which is the capability to
make  automatic  adjustments  to load change by generation  through the use of a
digital computer.  This control is based on such factors as frequency,  cost and
tie line flows.

     1.1.4  "Agreement"  means  this Power  Purchase  Agreement,  including  all
appendices  attached hereto and all amendments hereto that may be made from time
to time.

     1.1.5 "Alternate Resources" has the meaning given such term in Section 4.4.

     1.1.6 "Ancillary Services" means ancillary services customarily provided by
an electric generating facility,  including voltage/VAR control, load following,
regulation and frequency response, spinning reserve and non-spinning reserve.

     1.1.7 "Annual Capacity Charge" means (i) [redacted].

     1.1.8 "Annual  Purchaser's  Capacity  Nomination"  of the Purchaser  means,
during the first five  Contract  Years,  six and one half  percent  (6.5%)of the
Demonstrated Capability,  and thereafter, six and one half percent (6.5%) of the
Demonstrated  Capability reduced by those amounts, if any, that Purchaser elects
to subtract  from the Capacity  available  to Purchaser  pursuant to the process
provided in Section 4.1.4 for the Customers jointly to make such elections.

     1.1.9  "Availability  Guarantee" has the meaning given such term in Section
4.3.1.

     1.1.10 "Availability  Incentive Payment" has the meaning given such term in
Section 4.3.2.

     1.1.11  "Bankruptcy" means, with respect to a Party, (i) an adjudication of
bankruptcy  or  insolvency,  or the  entry of an order  for  relief,  under  any
Bankruptcy  Law with respect to such Party;  (ii) the making by such Party of an
assignment for the benefit of its creditors; (iii) the filing by such Party of a
petition in bankruptcy or for relief under any  Bankruptcy  Law; (iv) the filing
by such Party of an answer or  pleading  admitting  or  failing  to contest  the
material allegations of any such petition;  (v) the filing against such Party of
any petition in bankruptcy or for relief under any  Bankruptcy  Law (unless such
petition is dismissed  within ninety (90) days from the date of filing thereof);
(vi) the appointment of a trustee, conservator or receiver for such Party or for
all or  substantially  all of its assets (unless such  appointment is vacated or
stayed within ninety (90) days of such appointment); or (vii) the taking by such
Party of any action for its  winding up or  liquidation,  or the consent by such
Party to any of the actions  described  in clauses (i) through  (vi) being taken
against it.

     1.1.12  "Bankruptcy  Law" means any  applicable  bankruptcy  or  insolvency
statute.

     1.1.13 "Bond  Legislation"  shall mean the Florida  Municipal  Power Agency
All-Requirements Power Supply Project Revenue Bond Resolution duly adopted March
22, 1985, as amended by All-Requirements  Power Supply Project Subordinated Debt
Resolution  No. 1, adopted May 24, 1985;  All-Requirements  Power Supply Project
Subordinated  Debt  Resolution  No. 2, adopted  June 15, 1988;  All-Requirements
Power Supply Project Subordinated Debt Resolution No. 3, adopted March 23, 1990;
All-Requirements  Power  Supply  Project  Subordinated  Debt  Resolution  No. 4,
adopted July 18, 1996;  All-Requirements  Power Supply Project Subordinated Debt
Resolution  No. 5,  adopted  July 2, 1998;  First  Supplemental  and  Amendatory
All-Requirements  Power Supply Project Revenue Bond Resolution,  adopted May 24,
1985; Second Supplemental and Amendatory  All-Requirements  Power Supply Project
Revenue  Bond  Resolution,   adopted  June  19,  1985;  Third  Supplemental  and
Amendatory  All-Requirements  Power  Supply  Project  Revenue  Bond  Resolution,
adopted January 23, 1987;  Fourth  Supplemental and Amendatory  All-Requirements
Power Supply  Project  Revenue Bond  Resolution,  adopted March 23, 1990;  Fifth
Supplemental and Amendatory  All-Requirements  Power Supply Project Revenue Bond
Resolution,   adopted  June  27,  1990;   Sixth   Supplemental   and  Amendatory
All-Requirements Power Supply Project Revenue Bond Resolution, adopted September
20, 1991;  Seventh  Supplemental  and Amendatory  All-Requirements  Power Supply
Project Revenue Bond Resolution,  adopted May 15, 1992; Series 1993 Supplemental
All-Requirements  Power Supply Project Revenue Bond Resolution,  adopted October
22,  1993;  Series  2000  Supplemental  All-Requirements  Power  Supply  Project
Subordinated  Debt  Resolution,  adopted May 5, 2000;  Series 2000  Supplemental
All-Requirements Power Supply Project Subordinated Debt Resolution,  adopted May
5, 2000,  as amended  and  supplemented  pursuant  to the  Initial  Bond  Series
Certificate dated June 21, 2000; and Series 2000-2 Supplemental All-Requirements
Power Supply Project Subordinated Debt Resolution, adopted July 13, 2000.

     1.1.14 "BOP  Capital  Cost  Range" has the meaning  ascribed to the term in
Section 6.7.1 of the Ownership Agreement.

     1.1.15  "Business Day" means any day other than Saturday or Sunday on which
commercial banks are authorized to open for business in Orlando, Florida.

     1.1.16 "Capacity" means electric capacity.

     1.1.17 "Capacity  Emergency"  means, with respect to any hour, that any one
or more of Purchaser's  resources is unavailable  due to a forced outage and the
summation of such Purchaser's firm Capacity obligations exceeds the summation of
such Purchaser's available resources.

     1.1.18 "Capacity Payment" has the meaning given such term in Section 4.1.1.

     1.1.19 "Change in Law" has the meaning given such term in Section 10.1.3.

     1.1.20 "Collateral Documents" means, collectively, the Ownership Agreement,
the Operating  Agreement,  the  Interconnection  Agreement,  the Power  Purchase
Agreements of the other  Customers,  the long term lease of the Facility Site by
OUC to and for the benefit of the Participants,  the guarantee to be provided by
an affiliate of Seller as  contemplated  in Section 16.3,  and the  agreement(s)
pursuant to which Purchaser  and/or the other Customers  provide station service
and other support services (including but not limited to demineralized water and
cooling water supply) to Seller.

     1.1.21 "Commencement Date" has the meaning given such term in Section 5.2.

     1.1.22 "Commercial Operation Date" has the meaning ascribed to such term in
Section 1.1.13 of the Ownership Agreement.

     1.1.23  "Confidential  Information"  has the  meaning  given  such  term in
Section 26.

     1.1.24 "Contract Year" means (i) the period  commencing on the Commencement
Date or, if Seller elects the option under Section 4.5(ii)(a),  the later of the
Commencement Date or Scheduled  Commencement Date, and ending on the last day of
the month in which the first  anniversary date of the  Commencement  Date falls,
and (ii) each twelve  (12)-month period  thereafter,  except that for the twelve
(12)-month  period  during  which the  expiration  or  termination  date of this
Agreement  occurs,  Contract Year shall mean the period  commencing on the first
day  of  such  twelve  (12)-month  period  and  ending  on  such  expiration  or
termination date.

     1.1.25  "Customers"  means  collectively  all  of  OUC,  Kissimmee  Utility
Authority  and Florida  Municipal  Power Agency (All  Requirements  Power Supply
Project), or their permitted assigns.

     1.1.26 "Delivered Energy" means, in respect of a period of time, the amount
of Energy from the Facility or from Alternate  Resources  delivered by Seller to
Purchaser  at the  Delivery  Point  for  sale  to  Purchaser  pursuant  to  this
Agreement.

     1.1.27 "Delivery Point" means (a) with respect to Energy delivered from the
Facility,  the high side of generator step-up transformer,  as further described
in the Interconnection  Agreement, and (b) with respect to Energy delivered from
Alternate Resources, any unconstrained point on the Grid.

     1.1.28  "Demonstrated  Capability"  means the net Capacity of the Facility,
determined by a periodic Capacity test,  adjusted to seventy degrees  Fahrenheit
(70(degree)F) and forty-five percent (45%) relative humidity.

     1.1.29 "Dispute" has the meaning given such term in Section 18.

     1.1.30 "Eastern  Prevailing Time" or "EPT" means the time prevailing in the
Eastern time zone of the United States of America.

     1.1.31 "Effective Date" has the meaning given such term in Section 3.1.

     1.1.32  "Eligible  Collateral"  has the meaning  given such term in Section
15.1.1.

     1.1.33 "Energy" means electric energy (expressed in megawatt-hours).

     1.1.34 "Energy Payment" has the meaning given such term in Section 4.2.

     1.1.35 "Equipment  Breakdown" means a mechanical  breakdown of equipment at
the Facility  that is not the result of a Force Majeure that is an act of God or
public enemy; landslide; sinkhole; lightning; earthquake; fire (unless caused by
Seller's  willful  misconduct or failure to follow  Prudent  Utility  Practice);
storm; ice; snow;  hurricane;  tornado;  wind; flood;  riot; civil  disturbance;
insurrection;  war;  sabotage;  terrorism;  failure of  contractors or suppliers
(including, in the case of Seller, OUC and other Customers providing services to
Seller) to provide  fuel,  equipment,  material or services,  provided that such
failure would  qualify as a Force  Majeure under Section  1.1.44 if such failure
were directly experienced by the applicable Party.

     1.1.36  "Equity  Capacity"  with  respect  to each  Participant  means that
Participant's  percentage share of the Capacity of the Facility corresponding to
such Participant's ownership interest in the Facility.

     1.1.37  "Event of Default"  means any of the events listed in Sections 12.1
and 12.2.

     1.1.38  "Facility"  means the gas fired combined cycle electric  generating
unit to be located on the Facility Site and owned by the  Participants,  and its
associated interconnection  facilities, as defined in the Ownership Agreement by
the terms "Facility" and "Interconnection Facilities."

     1.1.39  "Facility  Site"  means the parcel of land in  Orlando,  Florida on
which the Facility is to be located, as further described in Appendix A.

     1.1.40 "FDEP" means the Florida  Department of Environmental  Protection or
any successor Governmental Body exercising the same or equivalent jurisdiction.

     1.1.41  "FERC"  means  the  Federal  Energy  Regulatory  Commission  or any
successor Governmental Body exercising the same or equivalent jurisdiction.

     1.1.42 "Firm Transmission  Service" means (a) electric transmission service
designated  firm under the open  access  transmission  tariff of a  transmission
provider  having an open access  transmission  tariff or (b) if purchased from a
transmission  provider  that does not have an open access  transmission  tariff,
electric  transmission  service  sold  by  such  transmission  provider  as firm
transmission  service and  generally  considered,  pursuant  to Prudent  Utility
Practice  and FRCC  requirements,  to be  substantially  equivalent  to the firm
transmission service referenced in item (a) of this definition.

     1.1.43  "Fixed  Amount"  has the  meaning  ascribed to such term in Section
6.7.1 of the Ownership Agreement.

     1.1.44 "Force Majeure" as to a Party means each of the following  events as
affects  the  Facility:  act  of  God  or  public  enemy;  landslide;  sinkhole;
lightning;  earthquake;  fire (unless caused by the applicable  Party's  willful
misconduct or failure to follow Prudent  Utility  Practice);  storm;  ice; snow;
hurricane;  tornado;  wind; flood; riot; civil disturbance;  insurrection;  war;
sabotage;  terrorism;  shutdown of the Facility by a court order or Governmental
Body not resulting from any action or inaction by the applicable Party;  strike,
lockout or labor difficulty  affecting the SEC Site generally  (excluding in the
case of Seller any strike,  lockout or labor  difficulty that is limited only to
employees  of either  Seller or its  affiliates,  and  excluding  in the case of
Purchaser any strike,  lockout or labor difficulty limited only to the employees
of Purchaser);  failure of contractors or suppliers  (including,  in the case of
Seller,  OUC and other Customers  providing services to Seller) to provide fuel,
equipment,  material or services,  provided that such failure would qualify as a
Force Majeure under this provision if such failure were directly  experienced by
the  applicable  Party;  or  any  other  occurrence,  nonoccurrence  or  set  of
circumstances, whether or not foreseeable, that is beyond the reasonable control
of the  applicable  Party and is not  caused or  exacerbated  by the  applicable
Party's failure to follow Prudent Utility Practices.

     1.1.45  "FRCC" means the Florida  Reliability  Coordinating  Council or any
successor organization.

     1.1.46 "Fuel Supply Agent" has the meaning given such term in the Operating
Agreement.

     1.1.47 "Further Extension" has the meaning given such term in Section 2.3.

     1.1.48 "Gas  Delivery  Point" shall have the meaning  assigned to it in the
Operating Agreement.

     1.1.49  "Governmental Body" shall mean, except as provided in the following
sentence,  (i) any local,  state,  regional  or federal  administrative,  legal,
judicial,  or executive agency,  court,  commission,  department or other entity
having  jurisdiction or binding authority over any element of the Project or the
performance of the Parties under this Agreement or the Collateral Documents, but
excluding any agency, commission,  department or other such entity acting in its
capacity as lender,  guarantor  or  mortgagee  and (ii) NERC,  FRCC and any RTO.
Except  as  expressly  provided  otherwise  in this  Agreement,  the  definition
"Governmental  Body"  shall be deemed to not include  OUC,  KUA and FMPA for the
purposes of this Agreement.

     1.1.50  "Grid" means (i) OUC's  electric  transmission  system,  or (ii) if
ownership or control of and jurisdiction over OUC's electric transmission system
is  succeeded  to by an  RTO or  other  entity,  the  portion  of  the  electric
transmission  system of that RTO or other  successor  entity  that most  closely
resembles  the OUC electric  transmission  system as it existed on the effective
date of this Agreement.

     1.1.51  "Guaranteed  Output" means in any given hour the amount of Capacity
(in MWh per hour)  determined  by adjusting the  Demonstrated  Capability to the
prevailing  ambient  conditions  in such  hour and  adjusting  for  degradation.
[redacted].

     1.1.52  "Indemnified  Parties"  has the meaning  given such term in Section
16.1.1.

     1.1.53  "Indemnifying  Party"  has the  meaning  given such term in Section
16.1.1.

     1.1.54  "Interconnection  Agreement"  means  that  certain  Interconnection
Agreement  expected to be entered into among the Participants in 2001, the entry
into of which is a condition precedent to the effectiveness of this Agreement.

     1.1.55 "Interconnection  Meters" has the meaning given such term in Section
8.2.

     1.1.56  "Law"  shall  mean  all  constitutions,   charters,   laws,  codes,
ordinances,  orders, judgments, decrees, injunctions,  licenses, rules, permits,
approvals,  regulations and requirements of every  Governmental  Body (including
OUC) having jurisdiction over the matter in question,  whether federal, state or
local, which may be applicable to any Party, as required by the context in which
used,  or to the  Facility  or OUC  Interconnection  Facilities,  or to the use,
manner of use, occupancy,  possession, planning, licensing, design, procurement,
construction, acquisition, testing, startup, operation, maintenance, management,
control,  addition,  renewal,  modification,  replacement  or  disposal  of  the
Facility  and the OUC  Interconnection  Facilities  or any  portion or  portions
thereof.

     1.1.57 "Lender" has the meaning given such term in Section 12.3.

     1.1.58  "Market  Price"  shall mean the price  established  by  Seller,  or
negotiated  and agreed upon by the  Parties,  as the case may be, upon  Seller's
election  pursuant to Section 2.3 with respect to any Further  Extension,  which
shall become the Annual  Capacity  Charge for Capacity to be delivered by Seller
during such Further Extension  consistent with all other terms and conditions of
this Agreement.

     1.1.59  "Meters"  means  the   Interconnection   Meters  and/or  Customers'
check-meters, as applicable.

     1.1.60  "Minor  Maintenance"  shall mean  maintenance  events  lasting  not
greater than 72 hours per  occurrence,  which have been  scheduled and for which
Purchaser and the other  Customers have given consent in accordance with Section
6.4.

     1.1.61 "MMBtu" means one million British  thermal units,  where one British
thermal unit is the amount of heat required to raise the  temperature of one (1)
pound of water one (1) degree Fahrenheit from sixty (60) degrees Fahrenheit.

     1.1.62 "MW" means megawatt.

     1.1.63 "MWh" means megawatt-hour.

     1.1.64  "NERC" means the North  American  Electric  Reliability  Council or
successor organization.

     1.1.65  "Non-Performing  Party" has the meaning  given such term in Section
11.1.

     1.1.66  "Notice of Intent to Terminate"  has the meaning given such term in
Section 12.3.

     1.1.67  "Off-Peak  Period"  means all the days of any given  Contract  Year
other than the Peak Period days.

     1.1.68  "Operating   Agreement"  means  that  certain  Operating  Agreement
expected to be entered into among the  Participants  in 2001,  the entry into of
which is a condition precedent to the effectiveness of this Agreement.

     1.1.69 "Operating  Period" means the period from the beginning of the first
Contract Year until the end of the last Contract Year.

     1.1.70 "OUC" means Orlando Utilities Commission.

     1.1.71 "OUC  Interconnection  Facilities"  means the  modifications  to the
Stanton  Substation  reasonably  required for the receipt and delivery of Energy
from the Facility onto the Grid consistent with Prudent Utility Practice.

     1.1.72  "Ownership  Agreement"  means that certain  Stanton  Energy  Center
Combined Cycle Unit A Construction and Ownership Participation Agreement entered
into among the Participants as of March 19, 2001.

     1.1.73  "Participant" or  "Participants"  mean individually or collectively
Orlando Utilities  Commission,  Kissimmee Utility  Authority,  Florida Municipal
Power Agency (All Requirements Power Supply Project) and Seller.

     1.1.74  "Parties" has the meaning given such term in the first paragraph of
this Agreement.

     1.1.75 "Peak  Period"  means for any given  Contract  Year the periods that
include  the days from  January 1 through  March 15,  inclusive,  May 15 through
September 15, inclusive, and December 15 through December 31, inclusive.

     1.1.76  "Permit"  means any permit,  license,  approval,  consent,  waiver,
authorization or other  requirement in connection with the Project required from
any Governmental Body under applicable Law.

     1.1.77 "Person" means any  individual,  partnership,  corporation,  limited
liability  company,  association,  business,  trust,  Governmental Body or other
entity.

     1.1.78  "Planned  Major  Maintenance"  means the Gas Turbine (GT) Combustor
Inspection,  the GT Hot Gas Path  Inspection,  and the GT Major  Inspection,  as
these inspections are defined in the maintenance agreement with the GT vendor.

     1.1.79 "Power Purchase  Agreements"  means this Agreement and those certain
similar  power  purchase  agreements  between  Seller  and the  other  Customers
respecting the delivery of Capacity and Energy from Seller's  ownership share of
the Capacity and Energy of the Facility.

     1.1.80 "Prime Rate" means the prime rate of interest as published from time
to  time  in  the  Wall  Street  Journal  or  such  other  comparable  successor
publication  as the  Participants  may  agree  upon.  The  Prime  Rate  shall be
calculated  on the basis of a 365-day year for the actual  number of days that a
payment, reimbursement or adjustment, as the case may be, has not been made.

     1.1.81  "Project"  means  the  Facility,  the  Facility  Site and all other
appliances,  parts, instruments,  appurtenances,  accessories and other property
that may be  incorporated  or installed in, or otherwise  become part of, any of
the foregoing.

     1.1.82 "Prudent Utility  Practice" means any of the practices,  methods and
acts engaged in, or approved by, a significant  portion of the electric  utility
industry  in the United  States (or, if more  stringent,  any of the  practices,
methods  and acts  engaged  in, or  approved  by, a  significant  portion of the
electric  utility  industry  in  the  region  covered  by  the  FRCC)  operating
facilities of a size and technology  similar to the Facility during the relevant
time period or any of the practices, methods and acts, which, in the exercise of
reasonable  judgment in light of the facts known, or that reasonably should have
been  known,  at the time the  decision  was made,  could have been  expected to
accomplish the desired result at a reasonable  cost  consistent  with applicable
Laws,  reliability,  safety and  expedition.  Prudent  Utility  Practice  is not
intended to be limited to the optimum  practice,  method or act to the exclusion
of all others, but rather to be acceptable practices, methods and acts generally
accepted in the United States and having due regard for current  editions of the
National Electrical Safety Code, the National Electric Code and other applicable
electrical,   safety  and  maintenance   codes  and  standards,   manufacturers'
warranties and applicable Laws.

     1.1.83 "Request for Energy" or "Schedule"  means a request for the delivery
of Energy made by  Purchaser  and the other  Customers  in  accordance  with the
process  provided  in  Section 6 and  Appendix  B for the  Customers  jointly to
Schedule Energy, and any adjustments thereto made in accordance with Appendix B.

     1.1.84 "RTO" means a regional transmission organization.

     1.1.85  "Scheduled  Commencement  Date" means the date that is  twenty-four
(24) months after the receipt of the Site Certification and all other Permits to
be  obtained  by the  Customers  that  are  necessary  for  Seller  to  commence
construction,  as such date may be extended under the provisions of Section 5.1,
but in no event earlier than October 1, 2003.

     1.1.86  "Scheduled  Maintenance"  means the  removal of the  Facility  or a
component  thereof from service  (which  removal  reduces the  capability of the
Facility to operate) to perform maintenance,  overhaul,  inspection,  testing or
repair work, as contemplated in Section 6.4.

     1.1.87 "SEC Site" means the parcel of land in Orlando, Florida on which the
fossil  fired  generating  stations  Stanton  Unit # 1 and  Stanton  Unit #2 are
located, including the parcel of land on which the Facility is to be located.

     1.1.88  "Seller" has the meaning given such term in the first  paragraph of
this Agreement.

     1.1.89 "Site  Certification" means (i) the final approval by the applicable
Governmental  Body  of  the  initial  need  for  power  determination  and  site
certification permit applications pursuant to the Florida Electrical Power Plant
Siting  Act,  and  (ii)  the  receipt  of the air  construction  (Prevention  of
Significant  Deterioration)  permit  by  OUC  issued  by  FDEP  pursuant  to the
delegated authority of the United States  Environmental  Protection Agency under
the Clean Air Act Amendments of 1977.

     1.1.90 "Technical Limits" means the limits and constraints  relating to the
operation and maintenance of the Facility, as described in Appendix A.

     1.1.91  "Termination  Payment" means the payment to be paid by a Defaulting
Party to the Non-Defaulting Party under in Section 12.5.1.

     1.1.92  "Test  Energy"  means (i) Energy  produced by the  Facility  during
testing of the Facility prior to the Commencement Date; and (ii) Energy produced
by the  Facility  during  periodic  tests  of  the  Facility's  Capacity  output
capability following the Commencement Date.

1.2 Rules of Construction. In this Agreement, unless the context otherwise
requires, the singular shall include the plural, the masculine shall include the
feminine and neuter, and vice versa. The terms "include," "includes" and
"including" shall be deemed to be followed by the words "without limitation."
The term "month" refers to a calendar month, and any period measured by a
"month" from a reference date refers to the period beginning on such reference
date and ending on the same date of the next succeeding calendar month or, if no
such date exists in the next succeeding calendar month, the last day of such
next succeeding calendar month. References to a Section, Table or Appendix shall
be references to a Section of, Table of or Appendix to this Agreement unless
specifically stated otherwise. A reference to a given agreement or instrument
shall be a reference to that agreement or instrument as modified, amended,
supplemented and restated through the date as of which such reference is made.
The term "or" is not exclusive, the term "shall" is mandatory and the term "may"
is permissive. In the event that any index or publication referenced in this
Agreement ceases to be published, each such reference shall be deemed to be a
reference to a successor or alternate index or publication reasonably agreed by
the Parties. Both Parties acknowledge that each was actively involved in the
negotiation and drafting of this Agreement and that no law or rule of
construction shall be raised or used in which the provisions of this Agreement
shall be construed in favor of or against either Party because one is deemed to
be the author thereof.

1.3 Consents. Whenever the consent or approval of either Party is required under
this Agreement, such consent or approval shall not be unreasonably withheld,
unless this Agreement provides that such consent or approval is to be given by
such Party at its sole or absolute discretion or is otherwise qualified.

                                    SECTION 2
                                TERM OF AGREEMENT

         2.1      Initial Term.
                  ------------

                  2.1.1    This Agreement shall become effective as set forth in
                           Section 3.1, and shall remain in full force and
                           effect, subject to the early termination provisions
                           set forth herein, through the later of (i) the last
                           day of the month in which the tenth (10th)
                           anniversary of the Scheduled Commencement Date occurs
                           or (ii) the last day of the month in which the tenth
                           (10th) anniversary of the Commencement Date occurs
                           (the "Initial Term").

                  2.1.2    Notwithstanding the provisions of Section 2.1.1, the
                           Initial Term shall terminate on (a) November 30, 2013
                           if Section 2.1.1 yields an end date falling between
                           December 1, 2013 and April 30, 2014, inclusive, or
                           (b) November 30, 2014 if Section 2.1.1 yields an end
                           date that falls on or after May 1, 2014.

         2.2 Extension of Initial Term.The Initial Term shall be automatically
extended an additional five (5) years from the end of the Initial Term
("Extended Term"); provided, however, that the Purchaser shall have the option
to elect to terminate this Agreement effective on the last day of the Initial
Term by providing written notice of such election to Seller no later than the
date that is three (3) years prior to the end of the Initial Term.

         2.3 Extensions of Extended Term. The Extended Term shall be
automatically extended three (3) successive periods of five (5) years each from
the end of the Extended Term (the "Further Extensions"); provided, however, that
the Purchaser shall have the option to elect to terminate this Agreement
effective on the last day of any of (i) the Extended Term, (ii) the first
Further Extension, or (iii) the second Further Extension, by providing written
notice of such election to Seller no later than the date that is, respectively,
three (3) years prior to the end of the Extended Term, three (3) years prior to
the end of the first Further Extension, or three (3) years prior to the end of
the second Further Extension, as the case may be; provided, further, that with
respect to each Further Extension, Seller shall have the right to establish the
Annual Capacity Charge for such Further Extension based on Seller's then-current
assessment of market conditions by providing Purchaser written notice of the new
proposed Annual Capacity Charge no later than the date that is three and
one-half (3 1/2) years prior to the date that such Further Extension period is
scheduled to begin, subject to Purchaser's right to request that Seller
negotiate in good faith to agree on any other price that Purchaser believes in
good faith reflects current market conditions.

         2.4 Survival. Applicable provisions of this Agreement shall continue in
effect after termination to the extent necessary to satisfy the terms and
conditions of this Agreement and, as applicable, to provide for: final billings
and adjustments related to the period prior to termination, repayment of any
money due and owing either Party pursuant to this Agreement, repayment of
principal and interest associated with security funds, and the indemnifications
specified in this Agreement.

                                    SECTION 3
                              CONDITIONS PRECEDENT

         3.1 Condition Precedent to Effectiveness. The Parties agree and
acknowledge that this Agreement shall be effective only upon the date on or
before which both of the following have occurred (such date, the "Effective
Date"): (i) the execution and delivery of the Ownership Agreement and the
Operating Agreement and all other Collateral Documents; and (ii) the
acknowledgment of the Participants' satisfaction of the foregoing condition and
the accuracy of the cross-references to the Collateral Documents contained in
this Agreement.

         3.2 Conditions Precedent to Obligations. Notwithstanding any provisions
of this Agreement to the contrary, the obligations of the Parties to this
Agreement shall be subject to the fulfillment of each of the conditions (or the
waiver in writing of such conditions by the respective Party or Parties) set
forth in Article 8 of the Ownership Agreement.

                                    SECTION 4
                               SALAE AND PURCHASE

         4.1 Capacity Delivery and Payment. Subject to the terms and conditions
of this Agreement, during the Operating Period, Seller agrees to deliver and
sell to Purchaser and Purchaser agrees to receive and purchase from Seller up to
six and one half percent (6.5%) of the Actual Capability of the Facility in
accordance with the following provisions:

          4.1.1 The Capacity payment (the "Capacity Payment" or "CP") in respect
     of each month during the Operating  Period shall be an amount equal to: the
     product  of  the  Annual  Purchaser's  Capacity  Nomination  (expressed  in
     kilowatts)  multiplied by the Annual Capacity Charge. For any partial month
     during the Operating  Period,  the Capacity  Payment shall equal the amount
     determined  pursuant  to the formula  set forth in the  preceding  sentence
     multiplied  by a fraction,  the numerator of which is the number of days of
     such partial  month within the Operating  Period,  and the  denominator  of
     which is the total number of days in such month. If the Annual  Purchaser's
     Capacity  Nomination  changes during a month, then the Capacity Payment for
     such month  shall be equal to the  product of the  Annual  Capacity  Charge
     multiplied by the sum of the two results obtained: (i) first by multiplying
     the old Annual Purchaser's  Capacity  Nomination by the ratio of the number
     of days in the month  (including  fractional days) prior to the time of the
     change  over the total  number  of days in the  month;  and (ii)  second by
     multiplying the new Annual Purchaser's  Capacity Nomination by the ratio of
     the number of days in the month (including  fractional days) after the time
     of the  change  over the total  number of days in the month.  The  Capacity
     Payment  shall be paid by  Purchaser to Seller in  accordance  with Section
     9.1. Notwithstanding the above, if during the first three (3) months of the
     Operating  Period any  Governmental  Body shall  prohibit the Facility from
     operating because of Seller's failure to obtain,  prior to the Commencement
     Date any Permit  required by Law for Seller to operate the  Facility,  then
     Purchaser's  obligation to make Capacity  Payments shall be suspended until
     the earlier of: (i) the lifting of such prohibition;  or (ii) the date that
     is three (3) months after the Commencement Date.

          4.1.2 The initial  Demonstrated  Capability  of the Facility  shall be
     established in accordance with the Capacity testing  procedure set forth in
     Appendix C.  Following  the first  anniversary  of the  Commencement  Date,
     Seller shall perform  Capacity tests twice each Contract Year,  pursuant to
     the  testing  procedures  set forth in  Appendix  C,  during the Summer and
     Winter periods as defined by FRCC; provided,  however, that Seller shall be
     entitled to a fifty-eight  (58)-hour  period of  maintenance  that does not
     affect  calculation of Actual  Availability  of the Facility  (which period
     shall be  prior to any such  Capacity  test  from 9 p.m.  Friday  to 7 a.m.
     Monday, unless OUC, in its sole discretion, agrees otherwise). In addition,
     Seller may  retest  when a repair or  modification  of the  Facility,  or a
     corrected or improved  operational or maintenance  activity,  results in an
     increase in the Capacity of the Facility (including adjustments made during
     initial shakedown),  provided that the actual full load output (as adjusted
     to  seventy  degrees  Fahrenheit  (70(0)F)  and  forty-five  percent  (45%)
     relative  humidity)  is at least one hundred and one percent  (101%) of the
     last  Demonstrated  Capability  test  amount.  Should  any  test or  retest
     conducted  pursuant this Section  4.1.2  indicate that the actual full load
     output (as adjusted to seventy degrees  Fahrenheit  (70(0)F) and forty-five
     percent  (45%)  relative  humidity)  has  changed by an amount  equal to or
     greater  than one percent  (1%) of the last  Demonstrated  Capability  test
     amount, the Demonstrated Capability shall be reset at such actual full load
     output for purposes of determining the Capacity  Payment as of the time the
     test is completed;  provided, however, that if the test is performed during
     a Force  Majeure  event  and  such  Force  Majeure  event  resulted  in the
     reduction of the Demonstrated Capability, the Capacity Payment shall not be
     reduced thereby until the end of the forty-five  (45) day period  described
     in the last paragraph of Section 4.1 below.

          4.1.3 Seller shall conduct additional tests as required by the FRCC or
     as requested  by Purchaser  pursuant to  Purchaser's  legal or  contractual
     obligations with third parties;  provided,  however,  such additional tests
     shall be for  informational  purposes  and  shall  not be used to reset the
     Demonstrated  Capability or otherwise  determine the Capacity Payment under
     this Agreement.

          4.1.4 Beginning with the sixth (6th) Contract Year and ending with the
     tenth (10th) Contract Year, the Customers shall have the irrevocable  right
     to jointly reduce the total of their combined Annual  Purchaser's  Capacity
     Nominations, for the remainder of the Initial Term and any Extended Term or
     Further  Extensions,  by either  twenty-five  (25) MW or fifty  (50) MW (as
     adjusted to seventy  degrees  Fahrenheit  (70(0)F) and  forty-five  percent
     (45%) relative humidity) per year;  provided,  however,  that such combined
     total of the Annual Purchaser's  Capacity Nominations may not be reduced by
     more than 200 MW in the aggregate. Purchaser must give Seller notice of any
     such reduction elected by Purchaser not later than three (3) years prior to
     the  commencement of the Contract Year in which such reduction shall occur;
     provided,  however,  that such  notice  shall be  effective  if and only if
     either it is made jointly with the other  Customers or the other  Customers
     give  Seller  a  similar  notice  under  their  respective  Power  Purchase
     Agreements  with all such notices  together  satisfying the above criteria;
     provided,  further,  that such  notices  shall  specify  any changes in the
     percentage of the Annual Purchaser's Capacity Nomination to be purchased by
     Purchaser  under  Section  4.1.1  and  by the  other  Customers  under  the
     corresponding provisions of their respective Power Purchase Agreements.

Notwithstanding the foregoing provisions of this Section 4.1, if and to the
extent that a Force Majeure event affects Seller's ability to deliver and sell
to Purchaser the Capacity of the Facility or any portion thereof, Seller shall
be excused from any delay in performing or failure to perform any or all of such
obligations (and in this regard, the Parties shall follow the procedures
contemplated in Section 11.1); provided, however, that notwithstanding such
reduction or elimination of the Actual Capability of the Facility, Purchaser
shall continue to pay Seller the full Capacity Payment attributable to the first
forty-five (45) days following the date of Seller's notification to Purchaser of
any such Force Majeure effect; provided, further, that if the effect of a Force
Majeure event lasts for longer than forty-five (45) days, then Purchaser shall
not be required to make Capacity Payments attributable to any continued period
of Force Majeure declaration after the end of such forty-five (45) day period,
but Purchaser must resume making Capacity Payments when Seller declares the
Force Majeure period over and resumes its obligation for delivery of Energy
under this Agreement; and provided, further, that the Capacity Payment relief
contemplated in the immediately preceding clause shall not apply if the Force
Majeure event affecting Seller resulted from a failure of Purchaser or another
Customer to fulfill its obligations under this Agreement or any of the
Collateral Documents; and provided, further, that a Force Majeure event that
affects Purchaser's ability to receive Energy from the Facility shall not excuse
Purchaser's obligation to make Capacity Payments, except solely to the extent
provided for in Section 5.1.3 if and to the extent such provision is applicable.

         4.2 Energy Delivery and Payment. Subject to the terms and conditions of
this Agreement and, in particular, subject to the provisions of Section 6 and
Appendix B, Seller shall sell and deliver, and Purchaser shall purchase and
receive, during the Operating Period, Energy requested by Purchaser in a Request
for Energy, as well as Energy generated by associated ramp up and ramp down of
the Facility and Test Energy; provided, however, that Purchaser shall not be
required to make any payments for Test Energy produced prior to the Commencement
Date. The Customers shall pay for and supply all fuel associated with the
Customers' Request for Energy in accordance with the provisions of Section 3.2
of the Operating Agreement. The Energy payment (the "Energy Payment" or "EP") in
respect of each month shall be the sum of four (4) components: a variable O&M
component for operation on natural gas, a variable O&M component for operation
on fuel oil, a start-up component, and a fuel component for Energy delivered
from Alternate Resources. The components of the Energy Payment shall be
calculated as follows:

                  4.2.1    Variable O&M Component--Natural Gas. The variable O&M
                           component for operation on natural gas shall be
                           calculated as follows:

     (SIGMA)i=Days in the month (SIGMA)j=Hours in the Day [(DENGij x VOMR) +
                           HVOMij]

                                    Where:

                                    DENGij is Delivered Energy in MWh (other
                                    than Test Energy prior to the Commencement
                                    Date) from the Facility produced with
                                    natural gas during hour j of day i;
                                    provided, however, that if the Facility uses
                                    both natural gas and fuel oil in a given
                                    hour, then fifty percent (50%) of the
                                    Delivered Energy in such hour shall be
                                    deemed to be produced with natural gas; and

                                    VOMR is the variable O&M rate (in $/MWh)
                                    , which shall be [redacted]; and

                                    HVOM is the hourly variable O&M rate (in $
                                    per hour) as determined from Table A and its
                                    accompanying Notes applicable for hour j of
                                    day i during which the Facility is operating
                                    on natural gas and which is applicable only
                                    when DENGij is > 0.

                                     Table A

            Hourly Variable O&M Charges for Operation on Natural Gas

           -------------------------- -----------------------------------------
            Annual On-Line Factor     Combined Hourly Variable O&M Rate (in $
            ---------------------     ---------------------------------------
                                      per hour) for all Customers (see Notes
                                      --------------------------------------
                                                       below)
                                                       ------

                  [redacted]                               [redacted]

                  [redacted]                               [redacted]

                  [redacted]                               [redacted]

                  [redacted]                               [redacted]

                  [redacted]                               [redacted]

                  [redacted]                               [redacted]

                  [redacted]                               [redacted]

                  [redacted]                               [redacted]

                     Notes to Table A:
                           ----------------

                                    1) The Hourly Variable O&M Rate in Table A
                           represents the rate applicable for the Annual
                           Purchaser's Capacity Nominations of all Customers.
                           The actual Hourly Variable O&M Rate for Purchaser for
                           an hour in a particular Contract Year shall equal the
                           product of the applicable rate from the table for
                           such Contract Year multiplied by the ratio of
                           Purchaser's portion of the Request for Energy for
                           such hour over the total Request for Energy for such
                           hour.

                                    2) The Hourly Variable O&M Rate for a
                           Contract Year shall be interpolated between the
                           values shown in Table A when the Annual On-Line
                           Factor for the previous Contract Year falls between
                           the specific percentages shown on Table A. For
                           example, with respect to an Annual On-Line Factor of
                           [redacted].

                                    3) The dollar amounts shown in Table A are
                           expressed in January 1, 2003 dollars and shall be
                           escalated based upon the U.S. Consumer Price Index on
                           January 1 of each year.

                                    4) The dollar amounts in Table A represent
                           the charge for sixty-five percent (65%) of the
                           Facility's Capacity being sold to Customers under the
                           Power Purchase Agreements. If Purchaser and the other
                           Customers elect to reduce their combined Annual
                           Purchaser's Capacity Nominations pursuant to Section
                           4.1.4, then the dollar amounts in Table A shall be
                           proportionately reduced commensurate with such
                           Capacity reduction.

                                    5)  The AnnualOn-Line Factor shall be
                           calculated for each Contract Year,  as follows:

                                    Annual On-Line Factor = SH/ (PH - OH)

                                    Where:

                                    SH is the  number of hours that the
                                    Customers  Schedule  and  Seller  delivers
                                    Energy in a Contract Year; and

                                    PH is the number of hours in a Contract
                                    Year; and

                                    OH is the number of hours in a Contract Year
                                    during which (i) the Facility is unavailable
                                    due to a forced outage or due to a
                                    maintenance outage that Seller has scheduled
                                    pursuant to Section 6.4 or, if applicable,
                                    that is a permitted fifty-eight (58) hour
                                    pre-testing maintenance under Section 4.1.2,
                                    and (ii) Seller does not deliver from an
                                    Alternate Resource.

                                    6) For the first Contract Year, all monthly
                           Energy billings will be made assuming an Annual
                           On-Line Factor of [redacted]. The rate shall be
                           determined annually for each Contract Year based on
                           the Annual On-Line Factor for the previous Contract
                           Year. At the end of each Contract Year, the Annual
                           On-Line Factor for such Contract Year shall be
                           calculated and the Hourly Variable O&M charges for
                           such Contract Year shall be recalculated using such
                           Annual On-Line Factor for such Contract Year. A
                           true-up payment or refund shall be made to adjust the
                           amounts collected by Seller from Purchaser during
                           each Contract Year to the amount computed by Seller
                           using such Annual On-Line Factor for such Contract
                           Year. Any true-up payments shall be included on an
                           invoice as soon as reasonably practicable following
                           the end of the applicable Contract Year.

                  4.2.2    Variable O&M Component--Fuel Oil. The variable O&M
                           component for operation on fuel oil when firing the
                           gas turbines shall be calculated as follows:

                                    (SIGMA)i= Days in the Month (SIGMA)j= Hours
                                     in the Day  [(DEFOij x VOMRFO) +
                                    HVOMFOij]
                                    Where:

                                    DEFOij is Delivered Energy (other than Test
                                    Energy prior to the Commencement Date)
                                    produced with fuel oil during hour j of day
                                    i; provided that if the Facility uses both
                                    natural gas and fuel oil in a given hour,
                                    then fifty percent (50%) of the Delivered
                                    Energy in such hour shall be deemed to be
                                    produced with fuel oil; and

                                    VOMRFO is the variable O&M rate (in $/MWh)
                                    for Energy produced with fuel oil,
                                    [redacted], subject to adjustment up or down
                                    based on the Participants' evaluation of
                                    General Electric's reports on the effect of
                                    burning fuel oil on variable O&M costs (as
                                    mutually agreed by the Participants
                                    following good faith negotiations); and

                                    HVOMFO is the hourly variable O&M rate (in $
                                    per hour) for hour j of day i during which
                                    the Facility is Operated on fuel oil, which
                                    rate [redacted], subject to adjustment up or
                                    down based on the Participants' evaluation
                                    of General Electric's reports on the effect
                                    of burning fuel oil on variable O&M costs
                                    (as mutually agreed by the Participants
                                    following good faith negotiations), and
                                    which is applicable only when DEFOij is > 0.

                  4.2.3    Start-up Component.  The start-up component shall be
                            calculated as follows:

                                    GTS x SUR

                                    Where:

                                    GTS is the number of gas turbine starts
                                    required to meet a Request for Energy (other
                                    than for Test Energy prior to the
                                    Commencement Date) where the amount of
                                    Energy delivered from any single gas turbine
                                    increases from zero to an amount greater
                                    than zero; provided, however, that the
                                    calculation of GTS shall not include: (i)
                                    any starts required to resume delivery to
                                    Purchaser due to an interruption caused by a
                                    forced outage, or (ii) any starts initiated
                                    by Seller in order to make third party sales
                                    in any given hour where the Facility would
                                    otherwise not have been started in such hour
                                    to meet a Request for Energy.

                                    SUR is the Start-up Rate (in $ per start)
                                    for each gas turbine as determined from
                                    Table B below and its accompanying Notes:

                                     TABLE B

                                 Start-Up Rates

    --------------------------------------------------------------------------
     Cumulative Number of Start-ups per  Combined Start-up Rate per Start per
     ----------------------------------- -------------------------------------
        Gas Turbine per Contract Year     Gas Turbine for all Customers (see
        -----------------------------     ----------------------------------
                                                        Notes)
                                                        ------

                  [redacted]                           [redacted]

                  [redacted]                           [redacted]

                  [redacted]                           [redacted]

               Notes to Table B:
               ----------------

                                    1) The SUR in Table B represents the rate
                           applicable to all Customers for each start-up during
                           a Contract Year. There shall be no charge for
                           [redacted], and the combined rate among all Customers
                           participating in each subsequent start-up during such
                           Contract Year shall be as identified in the Table B.
                           The actual SUR for Purchaser (in $ per start) for any
                           such start-up shall equal the quotient of the
                           applicable rate from the Table B divided by the
                           number of Customers participating in the Request for
                           Energy that requires the start-up (and in which
                           Purchaser is one of those Customers); provided,
                           however, Purchaser will not have to pay for start-ups
                           in which it does not participate.

                                    2) The SUR is expressed in January 1, 2003
                           dollars and shall be escalated based upon the U.S.
                           Consumer Price Index on January 1 of each year.

                                    3) The dollar amounts in Table B represent
                           the charge for sixty-five percent (65%) of the
                           Facility's Capacity being sold to Participants under
                           the Power Purchase Agreements. If the Participants
                           elect to reduce their combined Annual Purchaser's
                           Capacity Nominations pursuant to Section 4.1.4, then
                           the dollar amounts in Table B shall be
                           proportionately reduced commensurate with such
                           Capacity reduction.

                  4.2.4    O&M Rate Adjustment. The rates in Sections 4.2.1,
                           4.2.2 and 4.2.3 shall be increased or decreased based
                           on good faith negotiation of the Parties (in
                           accordance with Section 18) to reflect and include
                           any actual increase or decrease in Seller's costs of
                           operating the Facility that is caused by any mutually
                           agreed-upon modification or design change or any
                           actual increase or decrease in Purchaser's or another
                           Customers' charges for providing any services to
                           Seller.

                  4.2.5    Energy Payment for Delivery from Alternate Resources.
                           ----------------------------------------------------

                           4.2.5.1  If Seller elects to deliver Energy from
                                    Alternate Resources pursuant to Section 4.4,
                                    then the variable O&M component and the
                                    start-up component of the Energy Payment
                                    shall be calculated in accordance with
                                    Sections 4.2.1 and 4.2.3, respectively, for
                                    such Alternate Resource Energy as if it were
                                    delivered from the Facility. In addition,
                                    the fuel component for the Energy delivered
                                    from Alternate Resources shall be calculated
                                    as follows:

                                    (SIGMA)i=Days in the month  (SIGMA)j=Hours
                                    in the Day (MDEij x HRij x FRPij)

                                    Where:

                                            MDEij =  Scheduled  Energy in MWhs
                                            delivered  from an
                                            Alternate Resource during hour j
                                            of day i;

                                            when the  Facility  is unavailable,
                                            then HRij for an
                                            hour = [redacted];

                                            when  the  Facility  is  available,
                                            then  HRij for an
                                            hour = [redacted]; and

                                            FRPij = the fuel rate proxy for an
                                            hour calculated in dollars per
                                            MMBtus in accordance with the
                                            applicable provisions of either
                                            Section 4.2.5.2 or 4.2.5.3.

                           4.2.5.2  If the Fuel Supply Agent has not already
                                    scheduled the transportation of gas to the
                                    Facility to meet the Customers' Schedules
                                    for the hour during which Seller elects to
                                    deliver the Scheduled Energy from Alternate
                                    Resources, then following notification from
                                    Seller of its election to deliver the
                                    Scheduled Energy from Alternate Resources,
                                    Seller shall be obligated to obtain the
                                    necessary quantities of gas and necessary
                                    gas transportation capacity to accommodate
                                    any portion of the Schedule that Seller has
                                    elected to satisfy from Alternate Resources.
                                    During periods that Seller elects to deliver
                                    Energy from Alternate Resources, the Fuel
                                    Supply Agent shall make available
                                    transportation capacity, within constraints
                                    of the pipeline tariffs and operational
                                    procedures in effect at the time and at no
                                    additional cost to the Fuel Supply Agent, in
                                    the amount determined by the quantity of
                                    Energy supplied from Alternate Resources and
                                    the applicable heat rate determined by the
                                    rules for defining HR in the formula
                                    provided in Section 4.2.5.1. An example of
                                    the determination of the transportation
                                    capacity is included in Appendix D. If
                                    Seller has delivered Energy from Alternate
                                    Resources under these circumstances, then
                                    the FRP (in $ per [redacted] to the sum of:
                                    [redacted]; and (ii) the applicable firm gas
                                    transportation variable cost associated with
                                    deliveries to the Facility under such
                                    Participant's firm transportation
                                    agreement(s). All risks of gas supply and
                                    transportation interruption to accommodate
                                    deliveries of Energy from Alternate
                                    Resources shall be borne by Seller.

                           4.2.5.3  If the Fuel Supply Agent has already
                                    scheduled the transportation of gas to the
                                    Facility to meet the Customers' Schedules by
                                    the time Seller notifies Purchaser of
                                    Seller's election to deliver the Scheduled
                                    Energy from Alternate Resources, then at
                                    Seller's election:

                    (i)  Seller   shall   direct  Fuel   Supply  Agent  to  use
               commercially   reasonable   efforts  to  revise   its  scheduled
               transportation of gas to the Facility to provide for the delivery
               of the gas to Seller at any alternate delivery point  designated
               by  Seller  that  is   available   under  the   Customers'  firm
               transportation agreement(s). The efforts of the Fuel Supply Agent
               shall be subject to the  constraints of the pipeline tariffs and
               operational procedures in effect at the time, and the Fuel Supply
               Agent  shall not be required  to incur any  additional  cost as a
               result of the revision of the schedule of  transportation  of gas
               to  the  alternate   delivery  point.  The  amount  of  scheduled
               transportation  of gas to be delivered to the alternate  delivery
               point shall be determined by the quantity of Energy supplied from
               Alternate  Resources and the applicable  heat rate  determined by
               the rules for  defining  HR in the  formula  provided  in Section
               4.2.5.1.  An example of the  determination of the  transportation
               capacity  is  included  in  Appendix  D. If Seller has  delivered
               Energy from Alternate Resources under these  circumstances,  then
               the FRP (in $ per MMBtu) shall be [redacted]; or

                    (ii)  Seller   shall   direct  Fuel  Supply   Agent  to  use
               commercially  reasonable efforts to remarket to third parties the
               gas that has been  scheduled  for delivery to the Facility on the
               best terms possible under the  circumstances.  The efforts of the
               Fuel  Supply  Agent  shall be subject to the  constraints  of the
               pipeline  tariffs  and  operational  procedures  in effect at the
               time.  The  amount  of  scheduled  transportation  of  gas  to be
               remarketed  to third  parties shall be determined by the quantity
               of Energy  supplied from  Alternate  Resources and the applicable
               heat rate  determined by the rules for defining HR in the formula
               provided   in  from   paragraph   4.2.5.1.   An  example  of  the
               determination  of the  transportation  capacity  is  included  in
               Appendix  D. If Seller  has  directed  the Fuel  Supply  Agent to
               remarket  the gas under  these  circumstances,  the FRP (in $ per
               MMBtu) shall be [redacted].

         4.3      Availability Guarantee.
                  ----------------------

                    4.3.1 Seller guarantees that the Actual  Availability of the
               Facility  for  each of the  Peak  and  Off-Peak  Periods  of each
               Contract  Year  will  equal or exceed  [redacted]  ("Availability
               Guarantee");  provided,  however, that (i) the first three months
               of operation  following the  Commencement  Date shall be excluded
               from the Availability Guarantee, (ii) if and to the extent that a
               Force  Majeure  event  affects  Seller's  ability to achieve  the
               Availability  Guarantee,  other  than in the  case  of  Equipment
               Breakdown,   Seller  shall  be  excused  from  the   Availability
               Guarantee  (and in this  regard  the  Parties  shall  follow  the
               procedures  contemplated  in Section 11), and (iii) to the extent
               that the Facility is fired with fuel oil in excess of forty-eight
               (48) hours per  combustion  turbine unit in any Contract  Year in
               order to meet  Purchaser's  Request  for  Energy,  then for every
               additional  ten (10) hours that the  Facility is fired using fuel
               oil, the lower end of the  Availability  Guarantee range, and the
               [redacted] in Sections  4.3.5.1 and 4.3.5.2,  shall be reduced by
               [redacted],  which  reductions  shall  remain in effect until the
               next  Planned  Major  Maintenance  occurs.  If either  combustion
               turbine is not fired on oil during any Contract Year for the same
               number  of  hours  as the  other  combustion  turbine,  then  for
               purposes  of  calculating  the  adjustment  to  the  Availability
               Guarantee,  each  combustion  turbine will be deemed to have been
               fired on oil during such Contract Year for a number of hours that
               is equal to one half of the summation of the number of hours that
               each  combustion  turbine was  actually  fired on oil during such
               Contract Year.

                    4.3.2 In each Contract Year, or partial Contract Year in the
               case of the first Contract Year (where the first three months are
               excluded) or the last Contract Year,  Seller shall be entitled to
               an availability  incentive payment from Purchaser  ("Availability
               Incentive Payment") equal to [redacted].

                    4.3.3 The Actual  Availability  for the Peak  Period of each
               Contract Year, or partial  Contract Year in the case of the first
               Contract  Year (where the first three months are excluded) or the
               last  Contract  Year,  shall be  calculated  as follows  and then
               rounded up or down to the  nearest  tenth of a  percentage  point
               (based on the method that the  rounding  is up if the  succeeding
               decimal  is 5 or  higher  or  otherwise  the  rounding  is down);
               provided, however, that such Actual Availability shall not exceed
               one (1.00):

                 Actual Availability = (PH-OH -EDH+EMH+ARDH)/PH
                           Where:     "PH" (or  "Period  Hours")  shall  equal
                                       the hours in the Peak Period of such
                                      calendar year;

                                      "OH" (or "Outage Hours") in the Peak
                                      Period of such Contract Year means all
                                      hours the Facility is unavailable for
                                      operation; provided, however, that OH
                                      shall not include hours in any day during
                                      which the Purchaser has not Scheduled any
                                      Energy from the Facility during the
                                      entirety of such day;

                                      "EDH" (or "Equivalent Derated Hours") in
                                      the Peak Period of such Contract Year
                                      means the summation of EDH for each hour
                                      during the Peak Period; provided, however,
                                      that EDH shall not include hours in any
                                      day during which the Purchaser has not
                                      Scheduled any Energy from the Facility
                                      during the entirety of such day. In each
                                      hour for which the EDH of such hour must
                                      be calculated, EDH for the hour will equal
                                      (Guaranteed Output - Actual
                                      Capability)/Guaranteed Output;

                                      "EMH" (or "Excused Maintenance Hours")
                                      shall equal hours that Seller has
                                      scheduled maintenance on the Facility in
                                      the Peak Period of such calendar year
                                      pursuant to Section 6.4 and, if
                                      applicable, the fifty-eight (58) hours of
                                      pre-testing maintenance allowed prior to a
                                      Capacity test under Section 4.1.2;
                                      provided, however, that in any hour EMH
                                      must be zero if there is no Outage Hour in
                                      such hour; and

                                      "ARDH" (or "Alternate Resource Delivery
                                      Hours") shall equal the number of hours
                                      that Seller delivers Energy to Purchaser
                                      from Alternate Resources in the Peak
                                      Period of such Contract Year to fully or
                                      partially make up for shortfalls caused by
                                      Facility outages or derates. Seller will
                                      not receive any credit for ARDH in any
                                      entire day unless Seller is able to
                                      deliver at least partial Energy in each
                                      hour of such day that Purchaser Schedules
                                      Energy, in which case Seller will receive
                                      ARDH credit for each hour of the day based
                                      on the lowest ratio during any hour of
                                      such day of Delivered Energy to Scheduled
                                      Energy.

                    4.3.4 The Actual  Availability  for the  Off-Peak  Period of
               each Contract  Year shall be  calculated in a fashion  similar to
               Section 4.3.3,  substituting  "Off-Peak Period" for "Peak Period"
               where it appears in Section 4.3.3.

                    4.3.5 In the event that the Actual  Availability  during the
               Peak Period or Off-Peak  Period,  or both, of any given  Contract
               Year, or partial  Contract Year in the case of the first Contract
               Year  (where the first  three  months are  excluded)  or the last
               Contract  Year,  is less than the  lower end of the  Availability
               Guarantee  range,  then  Purchaser  shall be  entitled to receive
               availability  damages  ("Availability  Damages")  from  Seller as
               Purchaser's  sole and  exclusive  remedy for Seller's  failure to
               delivery  Capacity  and  Energy  from  the  Facility  due  to the
               unavailability of the Facility.  4.3.5.1 The Availability Damages
               for the Peak  Period  shall be  calculated  as follows  (with any
               required adjustments as noted in Section 4.3.5.3):

                    Availability  Damages  for the Peak  Period of any  Contract
               Year = [redacted]

                    4.3.5.2 The  Availability  Damages for the  Off-Peak  Period
               shall be calculated as follows (with any required  adjustments as
               noted in Section 4.3.5.3):

                    Availability Damages for the Off-Peak Period of any Contract
               Year = [redacted]

                    4.3.5.3 In both of Sections 4.3.5.1 and 4.3.5.2, the factors
               [redacted]  shall be adjusted for the use of fuel oil pursuant to
               Section 4.3.1(iii), if applicable.

                    4.3.6 As soon as  reasonably  practicable  after  the  first
               month following the Commencement Date, and each month thereafter,
               Seller  shall submit to  Purchaser a statement  setting  forth in
               reasonable detail the actual  availability of the Facility during
               the prior month, including the underlying availability data.

                    4.3.7  As  soon as  reasonably  practicable  following  each
               Contract  Year,  Seller shall submit to the Purchaser a statement
               setting forth the Actual  Availability for the preceding Contract
               Year  together  with a  calculation  of  the  net  amount  of any
               Availability  Incentive  Payment  due to Seller  or  Availability
               Damages due to the  Purchaser  for the  preceding  Contract  Year
               based on the foregoing calculations,  as applicable, with respect
               to the Peak Period and  Off-Peak  Period of such  Contract  Year.
               Within ten (10) Business  Days of (a) receipt of such  statement,
               Purchaser  shall pay any  Availability  Incentive  Payment due to
               Seller by wire transfer in immediately  available  funds,  or (b)
               transmittal of such statement,  Seller shall pay any Availability
               Damages  due  to  Purchaser  by  wire  transfer  in   immediately
               available funds.

         4.4 Alternate Resources. In any hour in which the Facility is
unavailable, Seller may continue to make deliveries of Energy in the full amount
Scheduled by Purchaser from non-Facility sources (including, but not limited to,
generating units on Seller's or its Affiliates' systems and Energy purchases
available to Seller) ("Alternate Resources") to replace the Energy that would
have been provided by the unavailable Facility. In any hour in which the
Facility is available, Seller may choose to make deliveries of Energy in the
full amount Scheduled by Purchaser, or any portion thereof, from Alternate
Resources to replace the Energy that would have been provided by the available
Facility; provided, however, that if the Facility is available, Seller must
maintain the Facility on-line and committed at least at the Facility's minimum
load, and Purchaser may Schedule spinning reserves from the Facility, all in
accordance with Appendix B. Seller must deliver Energy from Alternate Resources
to Purchaser at an unconstrained point on the Grid, and if Seller is making such
delivery at a time when the Facility is unavailable, then Seller will purchase
Firm Transmission Service for such delivery to the extent that such Firm
Transmission Service is available for the Alternate Resource Energy from the
point of its acquisition by Seller to the unconstrained point on the Grid. In
utilizing Alternate Resources, Seller shall comply with the notice requirements
of Section 3 of Appendix B.

         4.5 Purchaser's Right to Capacity and Energy. During the Operating
Period, Purchaser shall have the first call to purchase Seller's share of the
Capacity and Energy generated by, and Ancillary Services associated with, the
Facility (other than the reductions in Capacity elected jointly by the Customers
pursuant to Section 4.1.4); provided, however, that (i) subject to Purchaser's
right to Capacity and Energy under this Agreement and the Operating Agreement,
Seller may make sales of any Capacity and Energy generated by, and Ancillary
Services associated with, Seller's Equity Capacity when such Capacity and Energy
is not Scheduled by Purchaser, and (ii) in the event that Seller determines that
the Facility is capable of delivering Energy to the Grid prior to the Scheduled
Commencement Date, Seller shall have the option of either (a) utilizing the
Capacity and Energy generated by, and Ancillary Services associated with, its
percentage ownership share of the Facility prior to the Scheduled Commencement
Date for sales to third parties by delivering written notice of its election of
this option thirty (30) days prior to the anticipated Commercial Operation Date,
in which event Purchaser shall not make Capacity Payments until the later of the
Scheduled Commencement Date or the Commencement Date, or (b) initiating delivery
of Capacity and Energy to Purchaser under this Agreement on the Commencement
Date. If Seller makes sales of either or both Capacity and Energy to third
parties under Section 4.5(ii)(a) at a time when the Scheduled Commencement Date
has passed but the Commencement Date has not yet occurred, then Seller will pay
to Purchaser the portion, if any, of the proceeds of such sales that Seller
actually receives.

                                    SECTION 5
                  SCHEDULE FOR DELIVERY OF CAPACITY AND ENERGY

         5.1      Scheduled Delivery.
                  ------------------

     5.1.1 Seller  anticipates  that, the Facility will achieve the Commencement
Date by the Scheduled  Commencement  Date and shall be fully capable of reliably
producing the power and Energy to be provided  under this Agreement to Purchaser
at the Delivery Point; provided, however, that if and to the extent that a Force
Majeure  event  affects  Seller's  ability to timely  comply with the  foregoing
guarantee,  the Scheduled  Commencement  Date shall be extended by the amount of
time Seller  reasonably  needs to remedy the effects of the Force  Majeure  that
prevented Seller's performance (and in this regard, the Parties shall follow the
procedures contemplated in Section 11).

     5.1.2 In the event that Seller  fails to achieve the  Commencement  Date by
the date  that is two (2) years  after the  Scheduled  Commencement  Date,  then
either (i) Seller shall have the right to  simultaneously  terminate  all of the
Power  Purchase  Agreements  by  delivering  written  notice of such election to
Purchaser  and the other  Customers  ("Seller's  Termination  Notice"),  or (ii)
Purchaser  may  terminate  this  Agreement,  if and  only if  each of the  other
Customers  also  terminates  contemporaneously  its  respective  Power  Purchase
Agreement for the same reason, by delivering  written notice of such election to
Seller  (collectively,  together  with the  other  Customers'  similar  notices,
"Purchasers' Termination Notices"). Within ten (10) Business Days of the date of
Seller's  Termination  Notice,  Seller shall pay  Purchaser  liquidated  damages
[redacted],  this Agreement shall terminate effective as of the date of Seller's
Termination  Notice,  and Seller  shall have no further  liability  to Purchaser
other than the liquidated damages paid under this Section 5.1.2. Within ten (10)
Business Days of the date of Purchasers'  Termination  Notice,  Seller shall pay
Purchaser   liquidated  damages  [redacted],   this  Agreement  shall  terminate
effective as of the date of  Purchasers'  Termination  Notice,  and Seller shall
have no further  liability to Purchaser  other than the liquidated  damages paid
under this Section 5.1.2.

     5.1.3 In the event that Seller's failure to achieve the  Commencement  Date
by the Scheduled  Commencement Date is attributable to, in whole or in part, the
failure of any Customer to meet any of their respective  obligations  under this
Agreement  or their  respective  Power  Purchase  Agreements  or the  Collateral
Documents,  then (a) the Scheduled  Commencement Date shall be extended for such
period of Purchaser's or such other Customer's failure,  and (b) Purchaser shall
make  Capacity  Payments  [redacted]  beginning  as  of  the  initial  Scheduled
Commencement  Date (without any extension);  provided,  however,  that Purchaser
shall not be required to make any Capacity  Payments under this Section 5.1.3 to
the  extent  the  delay  in  achieving  the  Scheduled   Commencement   Date  is
attributable to the concurrent  failure of Purchaser or such other Customers and
Seller (where such concurrent  failures are not  co-extensive,  such relief from
Capacity  Payments  shall  apply only  during  the period of time that  Seller's
failure to meet its obligations  contributed to the delay);  provided,  further,
that in the event  Purchaser's  failure  to meet its  obligation  was the result
solely of a Force Majeure event that prevented  Purchaser's timely completion of
such  obligation,  then  Purchaser  will be excused from having to make Capacity
Payments as contemplated in Section  5.1.3(b) for the first forty-five (45) days
after the Scheduled  Commencement Date (without benefit of any extension thereof
allowed  under  this  Agreement),  but if the  Commencement  Date does not occur
within such forty-five (45) day period,  then Purchaser shall recommence  making
Capacity Payments starting at the beginning of the forty-sixth  (46th) day after
the Scheduled Commencement Date and thereafter continue making Capacity Payments
as contemplated in Section 5.1.3(b).

         5.2 Conditions to Commencement. Seller will notify Purchaser of the
date when the Facility has achieved the following criteria (the "Commencement
Date"), which notice will be accompanied by reasonable documentation evidencing
satisfaction or occurrence of each of the following; provided, however, that
Seller shall not be precluded from making third-party sales, in accordance with
Section 4.5, of its percentage ownership share of Capacity and Energy from the
Facility notwithstanding whether any or all of the following criteria have been
met in whole or in part:

                  5.2.1    successful completion of required testing of the
                           Facility has occurred for purposes of financing,
                           project operation, air permitting, Purchaser's
                           planning and reporting, and manufacturers'
                           warranties, including establishment of the initial
                           Demonstrated Capability of the Facility as
                           contemplated in Section 4.1.2;

                  5.2.2    the Facility has completed four (4) successful
                           start-ups without experiencing any abnormal operating
                           conditions and has generated continuously for a
                           period of not less than sixteen (16) hours while
                           synchronized to the Grid at a net Capacity output of
                           at least ninety percent (90%) of the Demonstrated
                           Capability (adjusted for ambient conditions) without
                           experiencing any abnormal operating conditions;

                  5.2.3    the Facility is in compliance with the
                           Interconnection Agreement, either is capable of
                           operation in the AGC mode or is capable of responding
                           to manual load change instructions, has achieved
                           initial synchronization with the Grid, and has
                           demonstrated the reliability of its communications
                           systems and communications with the Florida Municipal
                           Power Pool Energy Control Center located in the OUC
                           Pershing Operations Building (or the replacement for
                           such control center if the Customers decide to have
                           their generation control performed at a different
                           location); and

                  5.2.4    certificates of insurance coverages and/or insurance
                           policies required of Seller have been obtained and
                           submitted to Purchaser as required by Section 28.

         5.3 Test Energy. Seller shall coordinate the production and delivery of
Test Energy with Purchaser. Purchaser shall cooperate with Seller to facilitate
Seller's testing of the Facility, provide the fuel necessary to conduct testing,
and shall accept Test Energy delivered to Purchaser in accordance with the
provisions of Section 4.2.

                                    SECTION 6
                 REQUESTS FOR ENERGY; OPERATION AND MAINTENANCE

         6.1 Communicating Requests for Energy. Purchaser shall have the right
to request deliveries of Energy by providing a Request for Energy to Seller in
accordance with this Section 6 and Appendix B; provided, however, that Purchaser
and the other Customers shall coordinate their Scheduling requirements by
jointly submitting a single Request for Energy that covers all of their
respective requirements on any given day.

     6.1.1 The Customer's  joint Requests for Energy may request the full output
of the Facility,  reduced by those amounts, if any, that Customers jointly elect
to subtract  from the Capacity  available  to Customers  pursuant to the process
provided  in  Section  4.1.4 of this  Agreement  and the  other  Power  Purchase
Agreements. If the Customer's joint Request for Energy is for less than the full
output of the  facility,  then the  request  shall be deemed to be a Request for
Energy first from  Purchaser's  Equity  Capacity and, if such Equity Capacity is
not sufficient, then from Purchaser's purchased Energy under this Agreement.

     6.1.2 The Parties hereby consent to the recording of all  conversations  on
the  telephone  lines used for  communicating  Requests  for Energy and  related
notices and  instructions in accordance with customary  industry  practice.  The
contents of such recordings shall be definitive.

         6.2 Limitations on Requests for Energy. Notwithstanding anything to the
contrary in this Agreement, any Request for Energy, operation in the AGC mode or
operation in response to a Capacity Emergency that would require the Facility to
operate in a manner inconsistent with the Technical Limits, Prudent Utility
Practice or applicable Law and Permit requirements shall be deemed not to comply
with the requirements and limitations set forth in this Section 6. If and when a
Customers' Request for Energy does not comply with the requirements and
limitations of this Section 6 by reason of the previous sentence, Seller will
notify Customers of such noncompliance promptly after Seller realizes that the
Request for Energy is noncompliant and will modify Customer's Request for Energy
to make it consistent with the Technical Limits, Prudent Utility Practice and
all applicable Laws and Permits to the extent it is reasonably possible to do so
consistent with such standards.

         6.3 Operation of the Facility. Seller shall operate and maintain the
Facility in accordance with this Agreement, Prudent Utility Practice, the
Technical Limits and all applicable Laws and Permit requirements. Any emission
allowances required for operation of the Facility as contemplated in this
Agreement shall be provided in accordance with the applicable provisions of the
Operating Agreement.

         6.4 Scheduled Maintenance. Seller agrees to schedule Planned Major
Maintenance during the Off-Peak Period, or to obtain Purchaser's consent to
schedule such maintenance during the Peak Period. Seller will submit to
Purchaser an annual maintenance projection and will make reasonable efforts to
coordinate the scheduling of such Planned Major Maintenance with Purchaser,
including estimated start dates and return to service dates. Seller must seek
the consent of OUC, acting for itself and on behalf of the other Customers
(which Purchaser hereby authorizes) in scheduling of any Minor Maintenance;
provided, however, that Purchaser guarantees Seller will be afforded a minimum
of four (4) such Minor Maintenance events distributed approximately evenly over
the Off-Peak Period, with a maximum of six (6) such Minor Maintenance events
during any year; provided, further, that requests for Minor Maintenance events
during the period from May 15 through September 15 may be granted or withheld in
OUC's sole discretion.

         6.5 Transmission Operator. Coordination with an RTO regarding security
and reliability of the Grid as it relates to the Facility, or any other entity,
having control over the security and reliability of the Grid shall be the
responsibility of Seller as the operator of the Facility. Coordination with an
RTO, or other entity, having balancing authority or scheduling authority over
the Facility should be handled by Purchaser for any schedules to Purchaser from
the Facility and by Seller for any other schedules from the Facility. Any
orders, directives or operating requirements that Seller is required to follow
by Law imposed on Seller by an RTO, or any other entity, having control over the
security and reliability of the Grid shall take precedence over this Agreement.
To the extent the requirements of such order, directive or operating requirement
necessarily prevent Seller from fulfilling its obligations under this Agreement,
Seller shall be relieved of its obligations hereunder. To the extent the
requirements of such order, directive or operating requirement conflict with
Seller's fulfillment of its obligations hereunder, the rights and obligations of
the Parties hereunder shall be adjusted as necessary to comply with such orders,
directives or operating requirements.

                                    SECTION 7
                        INTERCONNECTION AND TRANSMISSION

         7.1      Interconnection Facilities.  The  Parties shall execute an
Interconnection Agreement pursuant to  applicable  interconnection  policies
and  procedures  of OUC.  The  Interconnection  Agreement  shall
contain terms and conditions governing the interconnection and parallel
operation of the Facility with the Grid.

         7.2 Delay in Interconnection. Purchaser shall cause OUC to complete the
OUC Interconnection Facilities and ensure that the Grid is capable of providing
and receiving Energy by the date that is eight (8) months prior to the
anticipated Commercial Operation Date, but in no event earlier than January 15,
2003. By the date that Seller has completed the collector bus and the 230 kv
line to the OUC Interconnection Facilities, but no earlier than the date that is
eleven (11) months prior to the anticipated Commercial Operation Date, OUC shall
provide service to the Facility for the purposes of engineering and testing the
collector bus and other systems by either providing 230 kv service at the 230 kv
Interconnection Point or by providing service to the 4160 kv SWGR bus. If for
any reason, other than the fault of Seller, OUC fails to complete the OUC
Interconnection Facilities and/or if the Grid is not capable of providing and
receiving Energy (as determined by OUC and as supported by reasonable
documentation) in accordance with the preceding sentence and, as a result, OUC
cannot accommodate Seller's start-up and testing of the Facility (such a delay,
an "IF/Grid Delay"), then the Scheduled Commencement Date shall be extended by
that period of time equal to the IF/Grid Delay; provided, however, that
Purchaser shall make the Capacity Payments as provided in Section 5.1.3(b);
provided, further, that if Seller would not have been capable of delivering
Energy from the Facility to the OUC Interconnection Facilities, even in the
absence of an IF/Grid Delay, on the original anticipated Commercial Operating
Date ("Seller's Delay"), then extension of the Scheduled Commencement Date and
the date on which Purchaser is obligated to make Capacity Payments shall be
adjusted by the period of time of Seller's Delay.

         7.3      Transmission.
                  ------------

                  7.3.1    Purchaser shall be responsible for all costs
                           associated with and for making all necessary
                           transmission arrangements for Delivered Energy,
                           including tagging and any required Ancillary
                           Services, with the transmission service provider for
                           delivery from and beyond the Delivery Point.

                  7.3.2    Seller shall bear all costs and losses and shall be
                           responsible for making all arrangements for
                           transmission service, including tagging and any
                           required ancillary services, with respect to delivery
                           of Capacity and Energy from an Alternate Resource to
                           an unconstrained point on the Grid.

                                    SECTION 8
                             RISK OF LOSS; METERING

         8.1 Risk of Loss. Delivered Energy sold pursuant to this Agreement
shall be made available to Purchaser at the Delivery Point. Risk of loss with
respect to all such Energy shall pass to Purchaser when such Delivered Energy is
made available to Purchaser at the Delivery Point. Risk of loss with respect to
the natural gas supply utilized to deliver Energy pursuant to this Agreement
shall pass to Seller when such natural gas supply is made available to Seller at
the Gas Delivery Point. For purposes of this Agreement, and except to the extent
expressly limited in this Agreement, Purchaser shall bear all risk of all
occurrences of any nature (including Force Majeure or any other event beyond the
reasonable control of either Party) affecting any interconnection facilities,
substations, transmission lines and other facilities on Purchaser's side of the
applicable Delivery Point and the Gas Delivery Point.

         8.2 Place of Measurement. All Energy from the Facility shall be
measured by the Facility's meters (such meters collectively, the
"Interconnection Meters"), and the Energy delivered from the Facility shall be
the Interconnection Meters' readings of the quantities of Energy, reduced by an
amount equal to the applicable Energy quantity necessary to compensate for the
loss, if any, between the Interconnection Meters and the Delivery Point.

         8.3 Testing and Calibration of Interconnection Meters. Seller shall
inspect and calibrate the Interconnection Meters at least once a year. Seller
shall give Purchaser reasonable advance notice of any inspection, testing or
calibration of the Interconnection Meters. Purchaser shall have the right to
have a representative present at such inspection, testing or calibration of the
Interconnection Meters. Purchaser shall have the right to require, at
Purchaser's expense except as set forth in Section 8.4, a test of any of the
Interconnection Meters not more often than once every twelve (12) months. If any
Interconnection Meter is found to be inaccurate by one half of a percent (0.5%)
or less, then any previous recordings of such Interconnection Meter shall be
deemed accurate, but Seller shall use its reasonable efforts to adjust such
Interconnection Meter immediately and accurately. In the event that any
Interconnection Meter is found to be inaccurate by more than one half of a
percent (0.5%), Energy delivered at the corresponding Delivery Point shall be
measured by reference to Customers' check-meters, if installed and registering
accurately, or the meter readings at the Delivery Point for the period of
inaccuracy shall be adjusted as far as can be reasonably ascertained by Seller
from the best available data from both Parties. If the period of the inaccuracy
cannot be ascertained reasonably, any such adjustment shall be for a period
equal to one half of the time elapsed since the preceding test. Customers' check
meters, if installed, shall be subject to Seller's right to require, at Seller's
expense except as set forth in Section 8.4, a test of any of the check-meters
not more often than once every twelve (12) months. If any of Customers' check
meters is found to be inaccurate by one half of a percent (0.5%) or less, then
any previous recordings of such check meter shall be deemed accurate, but
Customers shall use their reasonable efforts to adjust such check meter
immediately and accurately.

         8.4 Delivered Energy Adjustments. In the event that, due to correction
for inaccurate Interconnection Meters with an inaccuracy in excess of one half
of a percent (0.5%) (determined in accordance with Section 8.3), the amount of
Delivered Energy is increased or decreased, the revised quantity of Delivered
Energy shall be used for purposes of calculating the Energy Payment pursuant to
Section 4.2. If any Energy Payment has already been calculated using the
previous quantity of Delivered Energy, the Energy Payment shall be recalculated
using the revised quantity of Delivered Energy. If the recalculation (i)
increases the Energy Payment, Purchaser shall pay to Seller the amount of such
increase, or (ii) decreases the Energy Payment, Seller shall refund to Purchaser
the amount of such decrease. In any such case, the required payment shall be
included on the next invoice to be issued and shall be paid at the time payment
of such invoice is required pursuant to Section 9. Any payment required under
this Section 8.4 shall bear interest in accordance with Section 9.3 from the
original due date (or from the date paid in the case of a refund) until the date
paid (or until the date refunded in the case of a refund). In the case of
inaccurate Meters with an inaccuracy in excess of one half of a percent (0.5%),
the Party which owns such Meters shall promptly cause such Meters to be
corrected and, where such inaccuracy was determined pursuant to a test required
by the other Party, the Party which owns such Meters shall bear the expense of
any such test.

                                    SECTION 9
                                METHOD OF PAYMENT

         9.1 Invoicing and Payment. As soon as reasonably practicable after the
first day of each month commencing with the second month or portion thereof
during which Test Energy is delivered to Purchaser and continuing for each month
until the first month after the end of the Operating Period, Seller shall submit
to Purchaser an invoice as described in Section 9.2. If such invoice indicates a
net amount payable to Seller, Purchaser shall pay such invoice within ten (10)
Business Days of Purchaser's receipt of the invoice. Such payment shall be made
in U.S. dollars by wire transfer of immediately available funds prior to 3:00
p.m. Eastern Prevailing Time, on the date of payment in accordance with the
invoice instructions. Payments made after 3:00 p.m. Eastern Prevailing Time or
on a day that is not a Business Day shall be deemed to be made on the next
subsequent Business Day. If such invoice indicates a net amount payable to
Purchaser, Seller shall pay such amount within ten (10) Business Days of
Purchaser's receipt of the invoice.

         9.2 Monthly Invoices. Each monthly invoice shall show the amount and
calculation of the following, as applicable: (i) the Capacity Payment and Energy
Payment payable by Purchaser to Seller for the preceding month net of any
amounts to be credited by Seller to Purchaser for such month; (ii) following
each Contract Year, the net amount payable by Purchaser or Seller pursuant to
Section 4.3 respecting the Availability Incentive Payment and Availability
Damages, as the case may be; and (iii) payments, refunds, credits and
reductions, if any, payable by either Party pursuant to Sections 9.3 or 9.4.

         9.3 Late Payments. Any amount due from either Party hereunder not paid
in full on or before the date such payment is due will incur a delayed payment
charge on the unpaid amount from the original due date until the date paid at an
annual rate equal to the then current Prime Rate plus six (6) percentage points
(or such lesser annual rate as is the maximum rate permitted by applicable Law).

         9.4 Billing Disputes. In the event of any dispute as to all or any
portion of any monthly invoice, Purchaser shall give notice of the dispute to
Seller but shall pay the full amount of the invoiced charges when due (or if
applicable, Seller shall give notice to Purchaser of Seller's dispute regarding
any information provided by Purchaser that was a factor in any calculation
supporting invoiced amounts). Such notice shall state the amount in dispute and
set forth a full statement of the grounds on which such dispute is based.
Purchaser and Seller shall give all due and prompt consideration to any such
dispute. Upon final determination (whether by agreement, dispute resolution
pursuant to Section 18 hereof, or otherwise) of the dispute, any amounts due to
Purchaser or Seller, together with interest from the date due until the date
paid at the rate specified in Section 9.3, shall be paid no later than thirty
(30) days following such final determination. Purchaser and Seller shall have
until the end of one hundred eighty (180) days after its receipt of any invoice,
statement or information supporting invoice calculations to question or contest
the correctness of any charge or credit on such invoice or statement.

         9.5 Audit Rights. Until the end of one hundred eighty (180) days after
Purchaser's receipt of any invoice, Seller and Purchaser will make available to
the other upon written request, and the Purchaser or Seller may audit, such
books and records of the other (or other information to which Purchaser or
Seller has access) as are reasonably necessary for Purchaser or Seller to
calculate and determine the amounts shown on such invoice and thereby to verify
the accuracy and appropriateness of the amounts billed or credited to Purchaser
or Seller hereunder; provided, however, that Purchaser shall coordinate its
rights under this section with the other Customers in order to conduct joint,
rather than individual, audits pursuant to this provision. The Parties shall
maintain their respective books and records in accordance with generally
accepted accounting principles applicable from time to time.

                                   ARTICLE 10
                    CHANGE IN LAW; MODIFICATION OF AGREEMENT

         10.1     Change in Law.
                  -------------

               10.1.1 The Parties  acknowledge that a Change in Law may increase
          or decrease  Seller's costs in providing service under this Agreement.
          In the  event of such a Change  in Law,  Seller  may  give  notice  to
          Purchaser  that  Seller's  costs  of  providing   service  under  this
          Agreement have changed (which notice will include reasonably  detailed
          information  about such cost changes) and, in the event such notice is
          given,  this  Agreement  shall be modified to reflect  such changes in
          costs,  subject to Section 18,  provided,  however,  that in the event
          Seller provides notice of such an increase, then Purchaser may provide
          documentation  to Seller of other  Changes in Law that have  decreased
          the cost of providing  service  under this  Agreement and Seller shall
          set-off  any  such  decrease  in cost  against  the  increase  in cost
          identified in the Seller's notice.

               10.1.2  Purchaser  shall  pay  the  adjusted  amount   calculated
          pursuant to Section 10.1.1 for the period  commencing  with the notice
          of changed cost through the date of termination of this Agreement. The
          Parties  shall make such  payments  as are  appropriate  to adjust all
          prior  billings  or  payments  to reflect  the  adjustments  described
          herein.

               10.1.3  A  "Change  in Law"  shall  mean a  change  in Law  which
          constitutes a new environmental or tax Law or a new  interpretation of
          such Law (not including a change in tax Laws that assess taxes only on
          Seller's  net income) or a change in the  provisions  contained in the
          Site Certification permits and which generally affects the cost of, or
          restricts, operation of the Facility.

         10.2 Modification of Agreement. In the event the FERC modifies this
Agreement, the Parties agree to make all changes necessary to preserve as nearly
as possible the bargain contained in this Agreement, including but not limited
to, the total amounts of Capacity and Energy delivered to Purchaser and the
total amount of revenues to be received by Seller hereunder; provided, however,
that Seller shall have the right to terminate this Agreement without further
obligation to Purchaser in the event that modifications to this Agreement by
FERC cause a material adverse effect on the economic value of this Agreement to
Seller; provided, further, that Purchaser shall have the right to terminate this
Agreement without further obligation to Seller in the event that modifications
to this Agreement by FERC cause a material adverse effect on the economic value
of this Agreement to Purchaser; and provided, further, that in the event Seller
elects to terminate this Agreement pursuant to this Section 10.2, then Purchaser
and Seller agree to expeditiously proceed with a sale at net book value of
Seller's entire ownership interest in the Facility to Purchaser and the other
Customers in accordance with the provisions of the Ownership Agreement. Seller
agrees to use good faith efforts, consistent with Prudent Utility Practice, to
resist any changes to this Agreement proposed by the FERC or any other
Governmental Body or their respective staffs, and Purchaser agrees not to seek,
request, promote or support any changes to this Agreement before the FERC or any
other Governmental Body.

                                   SECTION 11
                                  FORCE MAJEURE

         11.1 Force Majeure Notice and Obligations. With respect to those
obligations of the Parties set forth in this Agreement that expressly excuse
performance in the event of a Force Majeure, the existence of Force Majeure that
causes a Party (the "Non-Performing Party") to delay performance or fail to
perform such obligations shall excuse the Non-Performing Party's delay in
performing, or failure to perform, such obligations, subject to any express
limitations on such excuse provided or referenced in the Section invoking the
excuse. In the event of Force Majeure that causes the Non-Performing Party to
delay performance or fail to perform its obligations under this Agreement and
that excuses such delay or failure:

                  11.1.1   the Non-Performing Party shall give the other Party
                           written notice and full details as soon as
                           practicable after learning of the Force Majeure;

                  11.1.2   the Non-Performing Party shall use reasonable
                           dispatch to remedy its inability to perform (except
                           that this provision shall not impose a requirement on
                           either Party to deliver or receive Energy at a
                           delivery point other than a Delivery Point), and, if
                           Seller is the Non-Performing Party, Seller shall use
                           reasonable efforts to provide Energy from the
                           Facility at a Delivery Point; and

                  11.1.3   when the Non-Performing Party is able to resume
                           performance of its obligations under this Agreement,
                           that Party shall give the other Party written notice
                           to that effect.

                                   SECTION 12
                         EVENTS OF DEFAULT; TERMINATION

         12.1 Events of Default of Seller. Except when excused due to a Force
Majeure event pursuant to the provisions of Section 11 hereof, an Event of
Default shall be deemed to have occurred with respect to Seller upon the
occurrence and during the continuance of any of the following events:

                    12.1.1 The Bankruptcy of Seller;

                    12.1.2  Seller  fails  to pay  any  invoiced  amount  or any
               undisputed  non-invoiced  amount  when due under  this  Agreement
               within  five (5)  Business  Days after  receiving  notice of such
               failure;

                    12.1.3  Seller  fails  to  perform  or  observe  any  of its
               material  obligations  or covenants  hereunder or otherwise is in
               material breach of this Agreement (other than payment obligations
               addressed in Section 12.1.2) and such failure or breach continues
               unremedied for a period of thirty (30) days following notice from
               Purchaser  demanding  cure of such  failure  or breach (or within
               such  longer  period  of  time  as  is  reasonably  necessary  to
               accomplish  such cure,  if it cannot be  reasonably  accomplished
               within such 30-day period and Seller  diligently  commences  such
               cure in such period and continues such cure to completion); or

                    12.1.4 Any representation or warranty made by Seller herein,
               in the  Ownership  Agreement  or in any  document or  certificate
               furnished by Seller hereunder shall have been false when made and
               such false  representation or warranty has a material and adverse
               effect on Purchaser  and, if capable of being  cured,  such false
               representation  or warranty is not cured within  thirty (30) days
               after notice thereof from Purchaser.

         12.2 Events of Default of Purchaser. An Event of Default shall be
deemed to have occurred with respect to Purchaser upon the occurrence and during
the continuance of any of the following events:

                    12.2.1 The Bankruptcy of Purchaser;

                    12.2.2  Purchaser  fails:  (i) to pay any invoiced amount or
               any undisputed  non-invoiced amount when due under this Agreement
               within  ten (10)  Business  Days after  receiving  notice of such
               failure;  or (ii) to make any  payment of  principal  or interest
               under  the  Bond   Legislation  or  any  other  bond  resolution,
               indenture or similar secured instrument of the Purchaser relating
               to the All  Requirements  Project  when  due (at  maturity,  upon
               redemption or  otherwise),  which failure is not cured within ten
               (10) Business Days;

                    12.2.3  Purchaser  fails to perform  or  observe  any of its
               material  obligations  or covenants  hereunder or otherwise is in
               material   breach  of  this   Agreement   (other   than   payment
               obligations,  which are  addressed  in Section  12.2.2)  and such
               failure  or breach  continues  unremedied  for a period of thirty
               (30) days  following  notice from Seller  demanding  cure of such
               failure  or breach (or within  such  longer  period of time as is
               reasonably  necessary  to  accomplish  such  cure,  if it  cannot
               reasonably  be   accomplished   within  such  30-day  period  and
               Purchaser  diligently  commences  such  cure in such  period  and
               continues such cure to completion);

                    12.2.4 Any  representation  or  warranty  made by  Purchaser
               herein,  in  the  Ownership  Agreement  or  in  any  document  or
               certificate  furnished  by  Purchaser  shall have been false when
               made and such false representation or warranty has a material and
               adverse  effect on Seller  and, if capable of being  cured,  such
               false  representation or warranty is not cured within thirty (30)
               days after notice thereof from Seller; or

                    12.2.5   Purchaser   fails  to   comply   with  any  of  the
               requirements  of Section 15 within thirty (30) days of receipt of
               Seller's written notice of such failure.

         12.3 Remedies; Notice of Intent to Terminate. Subject to the provisions
of this Agreement providing for limitations on damages and for exclusive
remedies under certain circumstances, upon the occurrence and during the
continuation of any Event of Default, the Party not in default (the
"Non-Defaulting Party") shall have the right to pursue all remedies available at
law or in equity, suspend its performance under this Agreement to the extent of
the Event of Default and/or to deliver a notice of intent to terminate ("Notice
of Intent to Terminate") this Agreement to the Party in default ("Defaulting
Party"). Any Notice of Intent to Terminate shall specify the Event of Default
giving rise to such Notice of Intent to Terminate. Following the giving of a
Notice of Intent to Terminate, the Parties shall negotiate pursuant to the
provisions of Section 18 hereof, following which, unless the Parties shall have
otherwise mutually agreed on a remedy or the Defaulting Party or any lender or
financing party ("Lender") to the Defaulting Party or its affiliate, or agent on
behalf of a Lender, shall have cured such default or is diligently pursuing a
remedy to cure the Event of Default, the Non-Defaulting Party having given the
Notice of Intent to Terminate may terminate this Agreement by giving written
notice thereof to the Defaulting Party, whereupon this Agreement shall
immediately terminate; provided, however, that upon a default under Section
12.2.2, the Non-Defaulting Party may serve a notice of termination of this
Agreement, without having first to deliver a Notice of Intent to Terminate and
to negotiate under Section 18, whereupon this Agreement shall terminate
immediately upon delivery of such notice of termination, unless such default
shall have been cured prior to the delivery of such notice of termination.
Except as provided in Sections 2.2, 2.3, 5.1.2, 10.2, 12.4, and 12.5 or in this
Section 12.3, or in Section 4.3 of the Ownership Agreement, neither Party shall
have any right to terminate this Agreement.

         12.4 Notice to Lenders. Any and all notices given by Purchaser to
Seller under this Section 12 shall also be given at the same time by Purchaser
to any Lender for which Seller provides written notice to Purchaser of the need
to provide such notice and the address to which such notice must be sent. No
termination of this Agreement by Purchaser will be effective until and unless
Purchaser shall have given Seller's Lenders notice of Seller's Event of Default
and an opportunity to cure such Event of Default, which notice and cure period
shall be as set forth in any consent executed by Purchaser with Seller's Lenders
but in any event such notice and cure period shall be at least concurrent with
that provided to Seller under this Agreement.

         12.5     Termination Payment.
                  -------------------

                    12.5.1  Except  in the  case of an Event  of  Default  under
               Section  12.2.2  under the  circumstances  that are  described in
               Section  12.5.2 below or an Event of Default under Section 12.1.3
               under the  circumstances  that are  described  in Section  12.5.3
               below, in the event that a  Non-Defaulting  Party terminates this
               Agreement  pursuant  to  Section  12.3 and  provided  an Event of
               Default  shall not have  occurred  and be  continuing  as to such
               Non-Defaulting   Party,   the  Defaulting  Party  shall  pay  the
               Non-Defaulting  Party the Termination  Payment, as defined below,
               within thirty (30) days of the effective date of the termination.
               Except as so otherwise  provided in Section 12.5.2 or 12.5.3, the
               Termination  Payment  (if  applicable)  shall  be the  Defaulting
               Party's  sole  liability  arising  out of a  termination  of this
               Agreement  pursuant to Section 12.3, and neither Party shall have
               any other  liability or obligation to the other Party arising out
               of a termination of this Agreement  pursuant to Section 12.3. The
               Defaulting  Party's  Termination  Payment (if  applicable) to the
               Non-Defaulting  Party  resulting  from an Event of Default  under
               this Agreement shall be calculated as follows:

                                   Termination Payment = TPR * APCN

                                   Where:

                                   TPR = a termination payment rate in dollar
                                   per kilowatt, which is equal to: (i)
                                   [redacted] if the Notice of Intent to
                                   Terminate is given between the date of this
                                   Agreement's execution and the end of the
                                   twelfth (12th) month after the date Purchaser
                                   gives notice under Section 2.2 or 2.3 that it
                                   has elected to terminate this Agreement; (ii)
                                   [redacted] if the Notice of Intent to
                                   Terminate is given between the end of such
                                   twelfth (12th) month and the end of the
                                   twenty-fourth (24th) month after the date
                                   Purchaser gives such notice; or (iii)
                                   [redacted] if the Notice of Intent to
                                   Terminate is given between the end of such
                                   twenty-fourth (24th) month and the expected
                                   termination of this Agreement twelve (12)
                                   months later; and

                                   APCN = the Annual Purchaser's Capacity
                                   Nomination, in kilowatts, that is in effect
                                   on the date of the Notice of Intent to
                                   Terminate.

                           Delivery of a Notice to Terminate or calculation or
                           payment of the Termination Payment shall not relieve
                           the Defaulting Party of its obligation to pay all
                           other amounts that became or have become due and
                           payable by the Defaulting Party hereunder prior to
                           the effective date of termination.

               12.5.2 In the case of an Event of Default under Section 12.2.2 by
          Purchaser at a time when Purchaser is able to pay its debts  generally
          as they come due,  Seller  shall be  entitled  to  recover  its actual
          damages,  which the Parties  recognize  may be greater  than,  or less
          than, the Termination  Payment.  In determining  actual  damages,  any
          amounts  actually  recovered  from  Seller's   reasonable  efforts  to
          mitigate such damages shall be taken into account.

               12.5.3 In the case of an Event of Default by Seller under Section
          12.1.3 that  results  from a failure by Seller to deliver  Energy from
          the Facility to Purchaser as required by this Agreement at a time when
          (i) the  Facility was capable of delivering  such Energy to Seller as
          required by this Agreement consistent with Prudent Utility  Practice,
          the Technical Limits and applicable Law and Permit requirements, and
          (ii) Seller sold such Energy to a third party, then Purchaser shall be
          entitled to recover the actual damages of Purchaser,which the Parties
          recognize may be greater than, or less than, the Termination  Payment.
          In  determining  actual  damages,  the actual  results of Purchaser's
          reasonable  efforts  to  mitigate  such  damages shall be taken into
          account.

               12.5.4 In receiving a Termination  Payment or  recovering  actual
          damages,  the  Non-Defaulting  Party shall also be entitled to recover
          its reasonable attorney fees in enforcing this provision.

                                   SECTION 13
                                     WAIVER

         Failure by either Party to exercise any of its rights under this
Agreement shall not constitute a waiver of such rights. Neither Party shall be
deemed to have waived any right resulting from any failure to perform by the
other Party unless it has made such waiver specifically in writing, and no such
waiver shall operate as a waiver of any future failure to perform whether of a
like or different character. No single or partial exercise of any right, power
or privilege hereunder shall preclude any other or further exercise thereof or
the exercise of any other right, power or privilege hereunder.

                                   SECTION 14
                         REPRESENTATIONS AND WARRANTIES

                    14.1 Representations and Warranties of Seller. Seller hereby
               represents and warrants to Purchaser as follows:

                    14.1.1  Organization  and  Existence.  Seller  is a  limited
               liability  company duly organized,  validly  existing and in good
               standing under the laws of the State of Delaware, is qualified to
               transact  business  in  Florida,  and has  sufficient  power  and
               authority  to  execute  and  deliver  this   Agreement   and  the
               Collateral Documents and to perform its obligations hereunder and
               thereunder.  Seller has full power and  authority to carry on its
               business as it is now being  conducted and as it is  contemplated
               hereunder and under the  Collateral  Documents to be conducted in
               the future.

                    14.1.2  Due  Authorization.   The  execution,  delivery  and
               performance  of this  Agreement and the  Collateral  Documents by
               Seller has been duly and effectively  authorized by all requisite
               action on the part of Seller.  This  Agreement and the Collateral
               Documents  constitute the legal, valid and binding obligations of
               Seller,  enforceable  against  Seller in  accordance  with  their
               terms,  except as limited by applicable  bankruptcy,  insolvency,
               reorganization,  moratorium or other laws affecting the rights of
               creditors generally and by general principles of equity.

                    14.1.3  Litigation.   There  is  no  action,   suit,  claim,
               proceeding or  investigation  pending or, to Seller's  knowledge,
               threatened  against  Seller or The Southern  Company by or before
               any  Governmental  Body  having  jurisdiction  over Seller or The
               Southern  Company which,  if adversely  determined,  would have a
               material  adverse effect upon Seller's  ability to enter into and
               perform  its   obligations   and  consummate   the   transactions
               contemplated  by this Agreement and the  Collateral  Documents or
               the  material  rights of  Purchaser  under this  Agreement or the
               Collateral Documents.  Neither Seller nor The Southern Company is
               subject  to  any  material  outstanding  judgment,  order,  writ,
               injunction or decree of any Governmental Body having jurisdiction
               over Seller or The Southern  Company which would  materially  and
               adversely  affect  its  ability  to enter  into and  perform  its
               obligations under this Agreement and the Collateral  Documents or
               the  material  rights of  Purchaser  under this  Agreement or the
               Collateral Documents.

                    14.1.4 No Violation or Conflict. The execution, delivery and
               performance  by  Seller  of this  Agreement  and  the  Collateral
               Documents  do not violate or  conflict  with  Seller's  operating
               agreement,  any existing Law  applicable to Seller,  or any note,
               bond,  indenture,  agreement or  instrument  to which Seller is a
               party or by which it is bound.

                    14.1.5   Approvals.   Other  than  the   approvals   by  the
               Governmental  Bodies  described in  Attachment A of the Ownership
               Agreement,  there are no approvals  or  consents,  the absence of
               which would materially  impair Seller's ability to consummate the
               transactions  described in, or to perform its obligations  under,
               this Agreement and the Collateral Documents.

                    14.2 Representations and Warranties of Purchaser.  Purchaser
               hereby represents and warrants to Seller as follows:

                    14.2.1   Organization   and   Existence.   Purchaser   is  a
               governmental legal entity duly organized, validly existing and in
               good  standing  under  the laws of the State of  Florida  and has
               sufficient  statutory  power and authority to execute and deliver
               this  Agreement and the  Collateral  Documents and to perform its
               obligations   hereunder  and   thereunder.   Purchaser  has  full
               statutory  power and  authority to carry on its business as it is
               now being conducted and as it is contemplated hereunder and under
               the Collateral Documents to be conducted in the future.

                    14.2.2  Due  Authorization.   The  execution,  delivery  and
               performance  of this  Agreement and the  Collateral  Documents by
               Purchaser  has  been  duly  and  effectively  authorized  by  all
               requisite action on the part of Purchaser's governing board. This
               Agreement  and the  Collateral  Documents  constitute  the legal,
               valid and binding  obligations of Purchaser,  enforceable against
               Purchaser in  accordance  with their terms,  except as limited by
               applicable bankruptcy, insolvency, reorganization,  moratorium or
               other laws  affecting  the rights of creditors  generally  and by
               general principles of equity.

                    14.2.3  Litigation.   There  is  no  action,   suit,  claim,
               proceeding or investigation pending or, to Purchaser's knowledge,
               threatened  against  Purchaser by or before any Governmental Body
               having   jurisdiction   over   Purchaser   which,   if  adversely
               determined, would have a material adverse effect upon Purchaser's
               ability to enter into and perform its  obligations and consummate
               the   transactions   contemplated   by  this  Agreement  and  the
               Collateral  Documents or the material rights of Seller under this
               Agreement or the Collateral  Documents.  Purchaser is not subject
               to any material outstanding judgment,  order, writ, injunction or
               decree  of  any  Governmental   Body  having   jurisdiction  over
               Purchaser which would materially and adversely affect its ability
               to enter into and perform its  obligations  under this  Agreement
               and the  Collateral  Documents or the  material  rights of Seller
               under this Agreement or the Collateral Documents.

                    14.2.4 No Violation or Conflict. The execution, delivery and
               performance  by Purchaser of this  Agreement  and the  Collateral
               Documents do not violate or conflict with Purchaser's  charter or
               bylaws,  any existing Law  applicable to Purchaser,  or any note,
               bond,  resolution,  indenture,  agreement or  instrument to which
               Purchaser is a party or by which it is bound.

                    14.2.5   Approvals.   Other  than  the   approvals   by  the
               Governmental  Bodies  described in  Attachment C of the Ownership
               Agreement,  there are no approvals  or  consents,  the absence of
               which would materially impair  Purchaser's  ability to consummate
               the  transactions  described  in, or to perform  its  obligations
               under, this Agreement and the Collateral Documents.

                    14.2.6  No  Immunity.   With  respect  to  its   contractual
               obligations  hereunder and performance thereof,  Purchaser is not
               entitled  to claim  immunity  on the  grounds of  sovereignty  or
               similar  grounds with respect to itself or its revenues or assets
               from: (a) suit;  (b)  jurisdiction  of any Florida court;  or (c)
               relief by way of  injunction,  order for specific  performance or
               attachment of property that is subject to execution or levy under
               Florida Law (including the Eligible Collateral).

         14.3  Warranties Regarding Energy, Capacity and Ancillary Services.
Seller warrants that the Energy, Capacity and Ancillary Services provided under
this Agreement (i) shall have been delivered in accordance with applicable Law,
and (ii) meets the requirements set forth in this Agreement. THE FOREGOING IS IN
LIEU OF ALL OTHER WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING THE IMPLIED
WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, IN FACT OR
BY LAW WITH RESPECT TO THE ENERGY, CAPACITY AND ANCILLARY SERVICES PROVIDED
HEREUNDER. SELLER HEREBY DISCLAIMS ANY AND ALL OTHER WARRANTIES WHATSOEVER.

                                   SECTION 15
                              PERFORMANCE ASSURANCE

         15.1 In the event that Purchaser experiences a Material Adverse Change,
as defined below, as security for Purchaser's payment obligations under this
Agreement, Purchaser shall deliver to Seller within ten (10) Business Days of
Seller's written request therefor, Eligible Collateral in an amount equal to the
lesser of: (i) [redacted] of Capacity Payments, or (ii) [redacted] of the total
of Capacity Payments for the remainder of the Operating Period.

     15.1.1 As used in this Section 15.1: (i) a "Material  Adverse Change" shall
occur (A) when  Purchaser's  credit rating on its senior  securities falls below
the lower of (x) BBB-  (Standard & Poors) or Baa3  (Moody's)  and (y) the lowest
credit rating of Southern  Guarantor's senior securities under either Moody's or
Standard  & Poors,  (B) upon an Event of  Default  by  Purchaser  under  Section
12.2.2,  (C) upon a failure by Purchaser  to make any required  deposit into any
debt service  account under the Bond  Legislation or any other bond  resolution,
indenture or similar  secured  instrument  entered into in  connection  with the
issuance of additional debt (each a "Debt Instrument"), or (D) upon a failure by
Purchaser  to  maintain  in any debt  service  reserve  account  under  the Bond
Legislation  or any Debt  Instrument  at least  fifty  percent  (50%) of  amount
required  to be  maintained  in such  account  requirement;  and (ii)  "Eligible
Collateral"  means  cash  deposited  into  an  operating  reserve  account  from
"Revenues", as that term is defined in the Bond Legislation, or an unconditional
letter of credit from an "A" rated bank,  as  determined  by Standard & Poors or
Moody's, in a form reasonably acceptable to Seller; provided,  however, that for
purposes of Sections  15.1.1(i)(C) and 15.1.1(i)(D),  Eligible  Collateral shall
constitute  an  unconditional  letter  of  credit  from an "A"  rated  bank,  as
determined by Standard & Poors or Moody's,  in a form  reasonably  acceptable to
Seller. Costs of a letter of credit shall be borne by Purchaser.

     15.1.2 If at any time during the term of this Agreement  neither Standard &
Poors nor Moody's is in the business of providing  credit  ratings or willing to
rate Purchaser, then Purchaser and Seller will negotiate in good faith to choose
and implement an alternative  mechanism for  determining if and when a "Material
Adverse Change" has occurred.

         15.2 In the event that legislation is enacted in the State of Florida
which contains provisions that will cause an Event of Default by Purchaser at
any time during the term of this Agreement, Seller will have the right, from and
after the date of enactment of such legislation, to provide Purchaser with
written notice requesting Eligible Collateral, as defined above, in an amount
equal to the lesser of: (i) [redacted] of Capacity Payments, or (ii) [redacted]
of the total of Capacity Payments for the remainder of the Operating Period.
Upon receipt of such notice, in addition to Purchaser's other payment
obligations under this Agreement, Purchaser shall within thirty (30) days
provide such Eligible Collateral.

         15.3. To the extent Purchaser delivers Eligible Collateral in the form
of cash to be held in an operating reserve account pursuant to Sections 15.5 or
15.6, Purchaser hereby grants to Seller a present and continuing security
interest in, and lien on (and right of setoff against), and assignment of, such
Eligible Collateral, and any and all proceeds resulting therefrom or from the
liquidation thereof, and Purchaser agrees to take such action as Seller
reasonably requires in order to perfect Seller's first-priority security
interest in, and lien on (and right of setoff against), such Eligible Collateral
and any and all proceeds resulting therefrom or from the liquidation thereof.
This Agreement is intended to, and does, constitute a security agreement between
Seller and Purchaser with regard to any cash which may constitute Eligible
Collateral.

         15.4. Upon or any time after the occurrence and during the continuation
of an Event of Default of Purchaser, Seller may (i) exercise any of the rights
and remedies of a secured party with respect to the Eligible Collateral,
including any such rights and remedies under Law then in effect, such as but not
limited to the Uniform Commercial Code, and (ii) liquidate and/or draw on any
outstanding Eligible Collateral issued for its benefit (free from any claim or
right of any nature whatsoever of Purchaser including any equity or right of
purchase or redemption by Purchaser) with respect to Purchaser's obligations
under this Agreement. In the event that Seller liquidates or draws on any of the
Eligible Collateral, Purchaser shall within ten (10) Business Days of notice
from Seller of such liquidation or draw, deliver additional cash or increase the
amount of the letter of credit, as the case may be, in order to replenish the
amount of the Eligible Collateral to the extent of the liquidation or draw.

         15.5. If the trigger of a Material Adverse Change was occurrence of the
circumstances in Sections 15.1.1(i)(A) or the circumstances described in Section
15.2 occur, then: (i) if the Eligible Collateral is in the form of cash, Seller
will hold the Eligible Collateral in an interest-bearing operating reserve
account, established by Seller, and the agent for which shall act pursuant to
Seller's instructions and will return the balance of such account, including
interest, at such time as the circumstances described in Sections 15.1.1(i)(A)
and 15.2 no longer apply (provided that Purchaser shall be entitled to receive
any funds in such operating reserve account at any time and to the extent that
such funds exceed [redacted] of the total of Capacity Payments for the remainder
of the Operating Period); or (ii) if the Eligible Collateral is in the form of a
letter of credit, such letter of credit shall expire at such time as the
circumstances described in Sections 15.1.1 and 15.2 no longer apply and Seller
shall return such letter of credit to Purchaser (provided that Purchaser shall
be entitled to reduce the amount available under the letter of credit at any
time and to the extent that such amount exceeds [redacted] of the total of
Capacity Payments for the remainder of the Operating Period).

         15.6 If the trigger of a Material Adverse Change was occurrence of the
circumstances described in Section 15.1.1(i)(B), then (i) if the Eligible
Collateral is in the form of cash, Seller will hold the Eligible Collateral in
an interest-bearing operating reserve account, established by Seller, and the
agent for which shall act pursuant to Seller's instructions and will return the
balance of such account, including interest, at such time as Purchaser shall
have (A) cured the Event of Default under Section 12.2.2 that triggered the
Material Adverse Change and (B) thereafter avoided both any further Events of
Default under Section 12.2.2 and a Material Adverse Change as described in
Section 15.1.1(i)(A) or 15.2 for a period of sixty (60) continuous days
(provided that Purchaser shall be entitled to receive any funds in such
operating reserve account at any time and to the extent that such funds exceed
[redacted] of the total of Capacity Payments for the remainder of the Operating
Period); or (ii) if the Eligible Collateral is in the form of a letter of
credit, such letter of credit shall expire (and Seller shall return such letter
of credit) at such time as Purchaser shall have (C) cured the Events of Default
under Section 12.2.2 that triggered the Material Adverse Change and (D)
thereafter avoided both any further Events of Default under Section 12.2.2 and a
Material Adverse Change as described in Section 15.1.1(i)(A) or 15.2 for a
period of sixty (60) continuous days (provided that Purchaser shall be entitled
to reduce the amount available under the letter of credit at any time and to the
extent that such amount exceeds [redacted] of the total of Capacity Payments for
the remainder of the Operating Period).

         15.7 In the event that the Purchaser exercises its right to elect an
Extended Term or any Further Extension of this Agreement pursuant to Sections
2.2 and 2.3, and on any day of such Extended Term or Further Extensions the
circumstances of either Sections 15.1.1 or 15.2 apply, then, Purchaser shall
deliver to Seller within ten (10) Business Days of the date of such occurrence,
Eligible Collateral, as defined above, in an amount equal to [redacted] of
Capacity Payments, and the provisions of Sections 15.3, 15.4, 15.5 and 15.6
shall apply to such Eligible Collateral.

                                   SECTION 16
                              LIABILITY OF PARTIES

         16.1     INDEMNITIES.
                  -----------

     16.1.1 TO THE  EXTENT  PERMITTED  BY LAW,  EACH  PARTY  (THE  "INDEMNIFYING
PARTY")  SHALL FULLY  INDEMNIFY AND DEFEND THE OTHER PARTY AND EACH OF THE OTHER
PARTY'S SUBSIDIARIES AND AFFILIATES,  AND THE PARTNERS,  MEMBERS,  PARTICIPANTS,
PRINCIPALS,   REPRESENTATIVES,   SHAREHOLDERS,   DIRECTORS,   OFFICERS,  AGENTS,
EMPLOYEES,  SUCCESSORS AND ASSIGNS OF EACH OF THEM (THE  "INDEMNIFIED  PARTIES")
FROM AND AGAINST  ANY AND ALL LOSSES,  COSTS,  DAMAGES,  INJURIES,  LIABILITIES,
CLAIMS, DEMANDS,  PENALTIES AND INTEREST,  INCLUDING REASONABLE ATTORNEYS' FEES,
RESULTING  FROM  THIRD  PARTY  CLAIMS  DIRECTLY  OR  INDIRECTLY  RELATED TO THIS
AGREEMENT, TO THE EXTENT CAUSED OR CONTRIBUTED TO BY THE FAULT, INTENTIONAL ACT,
NEGLIGENCE OR STRICT  LIABILITY OF THE INDEMNIFYING  PARTY OR ITS  SUBSIDIARIES,
AFFILIATES,  CONTRACTORS  OR  SUBCONTRACTORS  OR ANY OF THE OFFICERS,  PARTNERS,
MEMBERS, PARTICIPANTS,  SHAREHOLDERS,  PRINCIPALS, DIRECTORS, EMPLOYEES, AGENTS,
REPRESENTATIVES,  SUCCESSORS  OR  ASSIGNS  OF ANY OF  THEM OR BY  BREACH  BY THE
INDEMNIFYING PARTY OF THIS AGREEMENT;  PROVIDED,  HOWEVER, THAT ANY LIABILITY TO
THIRD PARTIES INCURRED BY SELLER IN PERFORMANCE OF ITS AGENCY FUNCTIONS PURSUANT
TO THE OWNERSHIP  AGREEMENT OR THE OPERATING  AGREEMENT  SHALL BE APPORTIONED IN
ACCORDANCE  WITH  ARTICLE  9 OF THE  OWNERSHIP  AGREEMENT  OR  ARTICLE  7 OF THE
OPERATING AGREEMENT.

     16.1.2 IF ANY INDEMNIFIED PARTY INTENDS TO SEEK INDEMNIFICATION  UNDER THIS
SECTION 16.1 FROM AN INDEMNIFYING PARTY WITH RESPECT TO ANY ACTION OR CLAIM, THE
INDEMNIFIED PARTY SHALL GIVE THE INDEMNIFYING PARTY WRITTEN NOTICE OF SUCH CLAIM
OR ACTION PROMPTLY  FOLLOWING THE RECEIPT OF ACTUAL  KNOWLEDGE OR INFORMATION BY
THE INDEMNIFIED  PARTY OF A POSSIBLE CLAIM OR OF THE  COMMENCEMENT OF A CLAIM OR
ACTION, WHICH WRITTEN NOTICE SHALL IN NO EVENT BE DELIVERED LATER THAN THE FIRST
TO OCCUR OF (A) FIFTEEN (15) DAYS PRIOR TO THE LAST DAY FOR  RESPONDING  TO SUCH
CLAIM OR ACTION OR (B) THE  EXPIRATION  OF THE FIRST HALF OF THE PERIOD  ALLOWED
FOR  RESPONDING TO SUCH CLAIM OR ACTION.  THE  INDEMNIFYING  PARTY SHALL HAVE NO
LIABILITY  UNDER THIS  SECTION  FOR ANY CLAIM OR ACTION FOR WHICH SUCH NOTICE IS
NOT  PROVIDED  TO THE  EXTENT  THAT THE  FAILURE  TO GIVE  SUCH  WRITTEN  NOTICE
MATERIALLY  PREJUDICES  THE  INDEMNIFYING  PARTY.  UPON  ACKNOWLEDGMENT  OF  ITS
OBLIGATIONS UNDER THIS SECTION 16.1, THE INDEMNIFYING PARTY SHALL HAVE THE RIGHT
TO ASSUME THE DEFENSE OF ANY CLAIM OR ACTION, AT ITS SOLE COST AND EXPENSE, WITH
COUNSEL DESIGNATED BY THE INDEMNIFYING PARTY AND REASONABLY  SATISFACTORY TO THE
INDEMNIFIED PARTY; PROVIDED,  HOWEVER, THAT IF THE DEFENDANTS IN ANY SUCH ACTION
INCLUDE  BOTH  THE  INDEMNIFIED  PARTY  AND  THE  INDEMNIFYING  PARTY,  AND  THE
INDEMNIFIED  PARTY  SHALL  HAVE  REASONABLY  CONCLUDED  THAT  THERE MAY BE LEGAL
DEFENSES  AVAILABLE  TO IT  WHICH  ARE  DIFFERENT  FROM OR  ADDITIONAL  TO THOSE
AVAILABLE TO THE INDEMNIFYING  PARTY, THE INDEMNIFIED PARTY SHALL HAVE THE RIGHT
TO SELECT SEPARATE COUNSEL, AT THE INDEMNIFYING  PARTY'S EXPENSE, TO ASSERT SUCH
LEGAL  DEFENSES  AND TO OTHERWISE  PARTICIPATE  IN THE DEFENSE OF SUCH ACTION ON
BEHALF OF SUCH INDEMNIFIED PARTY.

     16.1.3 EXCEPT TO THE EXTENT EXPRESSLY PROVIDED HEREIN, NO INDEMNIFIED PARTY
SHALL  SETTLE ANY CLAIM OR ACTION WITH RESPECT TO WHICH IT HAS SOUGHT OR INTENDS
TO SEEK  INDEMNIFICATION  PURSUANT TO THIS  AGREEMENT  WITHOUT THE PRIOR WRITTEN
CONSENT OF THE INDEMNIFYING  PARTY.  SHOULD ANY INDEMNIFIED PARTY BE ENTITLED TO
INDEMNIFICATION  UNDER THIS  SECTION  16.1 AS A RESULT OF A CLAIM OR ACTION BY A
THIRD  PARTY,  AND SHOULD THE  INDEMNIFYING  PARTY FAIL TO ASSUME THE DEFENSE OF
SUCH  CLAIM  OR  ACTION,  THE  INDEMNIFIED  PARTY  MAY,  AT THE  EXPENSE  OF THE
INDEMNIFYING  PARTY,  CONTEST  (OR,  WITH OR  WITHOUT  THE PRIOR  CONSENT OF THE
INDEMNIFYING PARTY, SETTLE) SUCH CLAIM OR ACTION. EXCEPT TO THE EXTENT EXPRESSLY
PROVIDED  HEREIN,  NO  INDEMNIFYING  PARTY SHALL SETTLE ANY CLAIM OR ACTION WITH
RESPECT TO WHICH IT MAY BE LIABLE TO PROVIDE  INDEMNIFICATION  PURSUANT  TO THIS
AGREEMENT WITHOUT THE PRIOR WRITTEN CONSENT OF THE INDEMNIFIED PARTY;  PROVIDED,
HOWEVER,  THAT IF THE  INDEMNIFYING  PARTY HAS  REACHED  A BONA FIDE  SETTLEMENT
AGREEMENT WITH THE  PLAINTIFF(S)  IN ANY SUCH ACTION AND THE  INDEMNIFIED  PARTY
DOES NOT CONSENT TO SUCH SETTLEMENT AGREEMENT,  THEN THE AMOUNT SPECIFIED IN THE
SETTLEMENT  AGREEMENT,  PLUS THE INDEMNIFIED  PARTY'S  REASONABLE  ATTORNEY FEES
INCURRED  PRIOR  TO THE  DATE  OF SUCH  SETTLEMENT  AGREEMENT,  SHALL  ACT AS AN
ABSOLUTE  MAXIMUM LIMIT ON THE  INDEMNIFICATION  OBLIGATION OF THE  INDEMNIFYING
PARTY WITH RESPECT TO THE CLAIM, OR PORTION THEREOF, THAT IS THE SUBJECT OF SUCH
SETTLEMENT  AGREEMENT TO THE EXTENT SUCH SETTLEMENT AGREEMENT FULLY RELEASES THE
INDEMNIFIED  PARTY  AND DOES  NOT  REQUIRE  ANY  PAYMENT  FROM,  OR  IMPOSE  ANY
RESTRICTION ON, THE INDEMNIFIED PARTY.

         16.2 LIMITATION ON DAMAGES. NEITHER PARTY NOR ITS SUBSIDIARIES OR
AFFILIATES NOR THE OFFICERS, AGENTS, EMPLOYEES, REPRESENTATIVES, PARTICIPANTS,
PARTNERS, MEMBERS, SHAREHOLDERS, PRINCIPALS, DIRECTORS, SUCCESSORS OR ASSIGNS OF
ANY OF THEM SHALL IN ANY EVENT BE LIABLE TO THE OTHER PARTY OR ITS SUBSIDIARIES
OR AFFILIATES OR THE OFFICERS, AGENTS, EMPLOYEES, REPRESENTATIVES, PARTICIPANTS,
PARTNERS, MEMBERS, SHAREHOLDERS, PRINCIPALS OR DIRECTORS OF ANY OF THEM FOR
CLAIMS FOR INCIDENTAL, PUNITIVE, CONSEQUENTIAL, EXEMPLARY OR INDIRECT DAMAGES OF
ANY NATURE, ARISING AT ANY TIME, FROM ANY CAUSE WHATSOEVER, WHETHER ARISING IN
TORT, CONTRACT, WARRANTY, STRICT LIABILITY, BY OPERATION OF LAW OR OTHERWISE,
CONNECTED WITH OR RESULTING FROM PERFORMANCE OR NON-PERFORMANCE UNDER THIS
AGREEMENT; PROVIDED, HOWEVER, THAT THIS SECTION 16.2 IS NOT INTENDED, NOR SHALL
IT BE CONSTRUED, TO LIMIT OR ELIMINATE A PARTY'S OBLIGATION TO PAY LIQUIDATED
DAMAGES OR TERMINATION PAYMENTS OR MAKE ANY OTHER PAYMENTS EXPRESSLY
CONTEMPLATED HEREIN, OR IN ANY COLLATERAL DOCUMENT, EVEN IF IT MAY BE POSSIBLE
TO CHARACTERIZE SUCH LIQUIDATED DAMAGES OR TERMINATION PAYMENTS OR OTHER
PAYMENTS AS INCIDENTAL, PUNITIVE, CONSEQUENTIAL OR INDIRECT DAMAGES.

         16.3 Seller Affiliate Guarantee. Seller shall at all times following
the Effective Date of this Agreement cause an Affiliate of Seller to maintain in
place a payment guarantee in the form attached to this Agreement as Appendix E.
For purposes of the previous sentence, an "Affiliate" of Seller shall be any
entity controlling, under common control with or controlled by Seller, which has
a credit rating on its senior securities at or above BBB- (Standard & Poors) and
Baa3 (Moody's). If at any time during the term of this Agreement neither
Standard & Poors nor Moody's is in the business of providing credit ratings or
willing to rate Seller's affiliates, then Purchaser and Seller will negotiate in
good faith to choose and implement an alternative mechanism for determining if
and when an entity controlling, under common control with or controlled by
Seller has sufficient credit-worthiness to qualify as an "Affiliate."

         16.4 No Penalty. The Parties agree that it would be extremely difficult
to precisely determine the amount of actual damages that would be suffered by
Purchaser due to Seller's failure to meet the Availability Guarantee or achieve
the schedule provided under Section 5.1.1, that the Availability Damages set
forth in Section 4.3 and the liquidated damages set forth in Section 5.1.2 are
fair and reasonable determinations of the amount of actual damages which would
be suffered by Purchaser or Seller, as the case may be, by reason of such
failure, and that the Availability Damages and other liquidated damages do not
constitute a penalty. Similarly, the Parties agree that it would be extremely
difficult to precisely determine the amount of actual damages that would be
suffered by either Party in case of an Event of Default and a termination of
this Agreement by the Non-defaulting Party, that the Termination Payment set
forth in Section 12.5.1 is a fair and reasonable determination of the amount of
actual damages which would be suffered by the Non-defaulting Party in such
event, and that the Termination Payment does not constitute a penalty.

                                   SECTION 17
                                   ASSIGNMENT

     17.1 Agreement  Binding.  This  Agreement  shall be binding upon, and shall
inure to the benefit of, the Parties and their successors and permitted assigns.

         17.2 Permitted Assignment. This Agreement shall not be assignable by
Seller without the prior written consent of Purchaser, except that this
Agreement (a) may be assigned by Seller without the requirement for such consent
(but with notice to Purchaser) (i) to any Lender from time to time providing
financing to Seller or its affiliate with respect to all or any portion of the
Project or (ii) to any Lender or its designee in connection with a foreclosure
or other exercise of remedies, and (b) unless otherwise waived by Purchaser,
shall be assigned in whole or in part by Seller without the requirement for such
consent (but with notice to Purchaser) in the event of a sale by Seller of all
or a substantial portion of Seller's interest in the Facility, with the
purchaser of Seller's interest in the Facility assuming Seller's obligations
under this Agreement in the same percentage as the portion of Seller's interest
being transferred bears to Seller's entire interest in the Facility. This
Agreement shall not be assignable by Purchaser without the prior written consent
of Seller, provided, however, that Purchaser may assign this Agreement to
another Customer without the requirement for such consent (but with notice to
Seller) so long as such Customer has not experienced a Material Adverse Change
under its PPA. Any such transferee, assignee or purchaser (other than a Lender
through collateral assignment in connection with a lease or other financing
transaction permitted under Section 6.2.8 of the Ownership Agreement) shall
confirm its willingness to accept all of the assigning Party's obligations under
this Agreement by writing reasonably acceptable to the non-assigning Party. Any
such assignee, transferee or purchaser (other than a Lender through collateral
assignment in connection with a lease or other financing transaction permitted
under Section 6.2.8 of the Ownership Agreement) must be sufficiently
creditworthy and otherwise capable of performing all of the assigning Party's
obligations under this Agreement. No assignment or transfer of this Agreement by
a Party shall be permitted during any period in which an Event of Default of
such Party shall have occurred and be continuing and not cured, unless the other
Party shall agree. No assignment of this Agreement shall relieve the assigning
Party of any of its obligations under this Agreement, except that the assignor
shall be released from its obligations under this Agreement at such time as all
future obligations of the assignor hereunder shall have been assumed by the
assignee in a written agreement delivered to the other Party. Any assignment
that does not comply with the provisions of this Section 17 shall be null and
void.

                                   SECTION 18
                               DISPUTE RESOLUTION

         18.1 Good-Faith Negotiations. The Parties shall first negotiate in good
faith to attempt to resolve any dispute, controversy or claim arising out of,
under, or relating to this Agreement (a "Dispute"), unless otherwise mutually
agreed to by the Parties. In the event that the Parties are unsuccessful in
resolving a Dispute through such negotiations, either Party may proceed
immediately to litigation concerning the Dispute.

     18.1.1 The process of  "good-faith  negotiations"  requires that each Party
set out in writing to the other its reason(s) for adopting a specific conclusion
or for  selecting a particular  course of action,  together with the sequence of
subordinate  facts leading to the  conclusion  or course of action.  The Parties
shall  attempt to agree on a mutually  agreeable  resolution  of the Dispute.  A
Party  shall  not be  required  as part of these  negotiations  to  provide  any
information  which  is  confidential  or  proprietary  in  nature  unless  it is
satisfied   in  its   discretion   that  the  other  Party  will   maintain  the
confidentiality  of and will not  misuse  such  information  or any  information
subject to  attorney-client  or other privilege  under  applicable Law regarding
discovery and production of documents.

     18.1.2 The  negotiation  process shall include at least two (2) meetings to
discuss any Dispute.  Unless otherwise  mutually agreed, the first meeting shall
take place within ten days after either Party has received notice from the other
of the desire to commence  formal  negotiations  concerning the Dispute.  Unless
otherwise  mutually agreed, the second meeting shall take place no more than ten
days later. In the event a Party refuses to attend a negotiation meeting, either
Party may proceed immediately to litigation concerning the Dispute.

         18.2 Confidentiality and Non-Admissibility of Statements Made in, and
Evidence Specifically Prepared for, Good Faith Negotiations. Each Party hereby
agrees that all statements made in the course of good faith negotiations, as
contemplated in Section 18.1, shall be confidential and shall not be disclosed
to or shared with any third parties (other than any person whose presence is
necessary to facilitate the negotiation process). Each Party agrees and
acknowledges that no statements made in or evidence specifically prepared for
good faith negotiations under Section 18.1 shall be admissible for any purpose
in any subsequent litigation.

                                   SECTION 19
                                    AMENDMENT

         This Agreement cannot be amended, modified or supplemented except by
written agreement making specific reference hereto executed by both Parties.

                                   SECTION 20
                                     NOTICES

         Other than telephonic notices required or permitted under Section 6.1
or Appendix B, any notice required or permitted to be given hereunder shall be
in writing and shall be: (i) personally delivered; (ii) transmitted by postage
prepaid registered mail; (iii) transmitted by a recognized overnight courier
service; or (iv) transmitted by facsimile to the receiving Party as follows, as
elected by the Party giving such notice:

         20.1     In the case of Purchaser:
                  ------------------------

                  Orlando Utilities Commission
                  500 South Orange Avenue
                  Orlando, Florida 32801
                  Attention: Vice-President of Power Resources
                  Telephone: 407-244-8372
                  Facsimile: 407-275-4120

                  With a copy to:
                  --------------

                  Florida Municipal Power Agency
                  8553 Commodity Circle
                  Orlando, Florida 32819-9002
                  Attention: General Manager
                  Telephone: 407-355-7767
                  Facsimile: 407-355-5793

         20.2     In the case of Seller:
                  ---------------------

                  Southern Company Services, Inc.
                  270 Peachtree Street, Bin 935
                  Atlanta, Georgia 30303
                  Attention: Director of Contract Administration
                  Telephone: 404-506-5100
                  Facsimile: 404-506-0304

                  With a copy to:
                  --------------

                  Troutman Sanders LLP
                  Bank of America Plaza
                  600 Peachtree Street N.E.
                  Atlanta, Georgia 30308
                  Attention: Robert H. Forry, Esq.
                  Telephone: 404-885-3142
                  Facsimile: 404-962-6559

All notices and other communications shall be deemed to have been duly given on
(i) the date of receipt if delivered personally, (ii) five (5) days after the
date of posting if transmitted by mail, (iii) the Business Day following
delivery to the courier if transmitted by overnight delivery service, or (iv)
the date of transmission with confirmation if transmitted by facsimile,
whichever shall first occur. Any Party may change its address for purposes
hereof by notice to the other Party.

                                   SECTION 21
                                 APPLICABLE LAW

         This Agreement shall be governed by, and construed in accordance with,
the laws of the State of Florida, exclusive of any conflict of laws provisions
thereof that would apply the laws of another jurisdiction. The Parties hereby
submit to the jurisdiction of, and agree that venue for actions hereunder shall
be, the U.S. District Court for the Middle District of Florida, if the U.S.
District Court has jurisdiction, or, if the U.S. District Court does not have
jurisdiction, the Circuit Court of the State of Florida sitting in Orange
County, Florida, and the Parties hereby waive any objection to venue in such
courts and any objection to any action or proceeding on the basis of forum non
conveniens.

                                   SECTION 22
                                  SEVERABILITY

         The invalidity or unenforceability of any provision or portion of this
Agreement will not affect the validity of the remainder of this Agreement. If
any provision of this Agreement is determined to be invalid or unenforceable,
the Parties will negotiate in good faith to agree upon substitute provisions to
carry out the purpose and intent of the invalid or unenforceable provision. If
the economic or legal substance of the transactions contemplated hereby is
affected in any manner adverse to any Party as a result thereof, the Parties
shall negotiate in good faith in an effort to agree upon a suitable and
equitable substitute provision to effect the original intent of the Parties.

                                   SECTION 23
                                ENTIRE AGREEMENT

         This Agreement and the Collateral Documents contain the complete
agreement of the Parties hereto with respect to the matters contained herein and
supersede all other agreements, understandings and negotiations, whether written
or oral, with respect to the matters contained herein.

                                   SECTION 24
                          NO THIRD PARTY BENEFICIARIES

         This Agreement is intended to be solely for the benefit of Purchaser
and Seller and their respective successors and permitted assigns and is not
intended to and shall not confer any rights or benefits on any Person not a
signatory hereto.

                                   SECTION 25
                                  COUNTERPARTS

         This Agreement may be executed in one or more counterparts, each of
which shall constitute an original but all of which, when taken together, shall
constitute only one legal instrument.

                                   SECTION 26
                         INFORMATION AND CONFIDENTIALITY

         Where a Party makes any calculation of costs or damages under this
Agreement, such Party shall provide, upon the reasonable request of the other
Party, documentation supporting such calculation. Neither Party shall disclose
or otherwise make available to any other party any information of a technical,
commercial or business nature regarding the Project or this Agreement that has
been marked or identified as confidential or proprietary ("Confidential
Information") without the prior written consent of the other Party, except that
(a) Seller or its affiliate may provide Confidential Information to its or any
such affiliate's prospective Lenders, underwriters, investors, affiliates,
advisors, employees, officers and directors to the extent reasonably required in
connection with the administration of this Agreement, the issuance of debt or
equity or other financing activities of Seller or its affiliate, or the
performance of any duties relating to this Agreement; (b) Purchaser may provide
Confidential Information to its advisors, employees, officers, directors and
Lenders to the extent reasonably required in connection with the administration
of this Agreement or the performance of any such Person's duties relating to
this Agreement; (c) any Party may disclose any such Confidential Information in
any litigation or proceeding to enforce or recover damages under this Agreement;
(d) any Party (or its affiliate) may disclose any such Confidential Information
as may be required by any applicable Law, regulation or governmental order; and
(e) any Party (or its affiliate) may disclose such Confidential Information to
any person or entity succeeding to all or substantially all the assets of such
Party (or its affiliate) or all or a substantial portion of its interest in the
Facility; provided, that in the case of (e), any such successor shall agree to
be bound by the provisions of this Section 26. Confidential Information shall
not include information that: (i) the receiving Party can demonstrate was known
to it prior to its disclosure by the other Party; (ii) is, or later becomes,
public knowledge without breach of this Agreement by the receiving Party; (iii)
was received by the receiving Party from a third party without obligation of
confidentiality; or (iv) is developed by the receiving Party independently from
Confidential Information received from the other Party, as evidenced by
appropriate documentation. In the event that disclosure is required by a valid
order of a court or Governmental Body, the Party subject to such requirement may
disclose Confidential Information to the extent so required, but shall promptly
notify the other Party and shall cooperate with the other Party's efforts to
obtain protective orders or similar restraints with respect to such disclosure.
The provisions of this Section 26 shall continue in effect until three years
after the end of the Operating Period.

         The Parties understand that under the Florida Public Records Law
(Section 119.10, Florida Statutes), any Party or all of them may be subject to
statutory fines and penalties, including but not limited to a requesting Party's
costs and attorney's fees for failure to make public records available for
public inspection upon request (Chapter 119, Florida Statutes). In addition,
each Party may be subject to its own costs and expenses of litigation. With this
understanding in mind, the Parties agree that in the event Purchaser in an
attempt to comply with this Agreement, refuses to honor a public records request
under Chapter 119, Florida Statutes, for examination or inspection of a
confidential document of Seller or any affiliate of Seller and is forced to
defend its actions in a court of competent jurisdiction, Seller shall indemnify,
defend, and hold Purchaser harmless from and against any fines, penalties,
costs, attorney's fees and expenses, including, but not by way of limitation,
attorney's fees, expert fees, court costs and other costs arising from or
related to defending any lawsuit bought pursuant to Chapter 119, Florida
Statutes; provided, however, Seller's consent with such refusal shall be
obtained before Seller can be liable under this Section 26. In addition, the
Parties shall cooperate to provide witnesses to support the Parties'
declarations and certification that the Confidential Information is a valid
trade secret under the above cited Florida law and meets all definitional
requirements therein or is exempt from disclosure under other applicable Florida
law.

                                   SECTION 27
                                PUBLIC STATEMENTS

         Seller and Purchaser shall consult with each other and neither of them
shall issue a press release or make a statement intended for release to the
general public with respect to the transactions contemplated hereby without the
consent of the other Party, which consent shall not be unreasonably withheld,
unless the Party desiring to make such statement or press release is advised by
legal counsel that a statement or press release is required by applicable Law
(including information provided pursuant to a request for public information
under the Florida Public Records Law, Section 119.10, Florida Statutes);
provided, however, that in this event the Party making the public statement or
press release shall notify the other Party in advance of such statement or press
release and allow the other Party reasonable time to comment on such statement
or press release. Notwithstanding the immediately preceding sentence, the
Parties acknowledge that certain meetings of the Orlando Utilities Commission
and the City of Orlando are open to the public, and nothing in this Agreement
shall be deemed to require that the proceedings of such meetings not be made
public or to restrict the reporting by the media of such proceedings.

                                   SECTION 28
                                    INSURANCE

         Seller and Purchaser, and all contractors and subcontractors performing
any services in connection with the operation or maintenance of the Facility,
shall obtain and maintain in force comprehensive general liability insurance,
and property insurance for injury to persons and property, automobile liability
insurance and workman's compensation insurance, all in amounts and under terms
as required by the Operating Agreement.

                                   SECTION 29
                                      TAXES

         Purchaser shall reimburse Seller for, or pay to Seller, all sales, use,
personal property and other taxes of every kind, paid or collected by Seller, if
any, that are not currently levied and are hereafter levied on the purchase,
sale or use of fuel consumed by the Facility to provide Energy or Ancillary
Services in accordance with this Agreement or the purchase, sale or use of
Capacity, Energy or Ancillary Services under this Agreement, but excluding any
taxes levied on Seller's net income. Purchaser shall pay directly for all such
sales, use, personal property and other taxes which it is legally obligated and
empowered to pay. In the event Seller, on behalf of Purchaser, pays any taxes
that are the responsibility of Purchaser to reimburse or pay, under the first
two sentences of this Section 29, the amount so paid by Seller shall be added to
a monthly invoice submitted by Seller to Purchaser under Section 9, and
Purchaser shall pay such amount in accordance with Section 9. Upon the
reasonable request of Purchaser, Seller agrees to (i) provide documents related
to taxes or assessments to be reimbursed or paid by Purchaser under this
Agreement and (ii) cooperate with Purchaser at Purchaser's expense should
Purchaser seek to obtain from the entity to which taxes were paid a refund of
any taxes paid by Seller and/or reimbursed or paid by Purchaser.

<PAGE>

                                   APPENDIX A

                                TECHNICAL LIMITS

                              Unit Operating Modes

1.       Definition of Operating Modes.
         -----------------------------

         The Facility will have several different operating modes.

o             Mode 1: Normal Operation--both gas turbines (CTs) operating with
              no supplemental firing of the Heat Recovery Steam Generator (HRSG)
              and no gas turbine power augmentation.

o             Mode 2: Supplemental Firing Operation--both gas turbines operating
              at full load with supplemental firing of the HRSG.

o             Mode 3: Power Augmentation Operation--both gas turbines operating
              at full load with supplemental firing of the HRSG's (Mode 2
              Supplemental Firing Operation) to produce both steam for full
              steam turbine-generator output with the maximum allowed continuous
              throttle flow at the maximum allowed continuous throttle pressure
              and steam for full gas turbine power augmentation (steam
              injection.)

o Mode 4: Part-load Operation--one or both gas turbines operating at less than
full load.

2.       Natural Gas Requirements.
         ------------------------

         The Facility will require "pipeline quality gas" meeting the
         requirements of GE fuel specification "GEI 41040E - Process
         Specification Fuel Gases for Combustion in Heavy Duty Gas Turbines".

         Natural gas is to be delivered to the Facility by pipeline and the
         pipeline and gas must meet the following equipment characteristics and
         requirements:

o        Nominal Maximum N.G. Flow (HHV) per Block (2x1)      [redacted]

o        Nominal N.G. Higher Heating Value                    [redacted]

o        Minimum Fuel Supply Temperature (after PRV)          [redacted]

o        Fuel Pressure at Gas Control Valve**                 [redacted]

                                                              [redacted]

  * Based on Winter Peaking (19(degree)F) Power during Full Pressure Operation.

                  ** Reference GE Pub. GEI 41040E.

3.       Fuel Oil Requirements.
         ---------------------

         The Facility will require fuel oil that is in compliance with ASTM
         Standard Specification D-2880 (as revised) and "GE Gas Turbine Liquid
         Fuel Specifications" (document number GEI 41047H). This No. 2 GT Grade
         Gas Turbine Fuel Oil must be in compliance with the specifications and
         procedures for No. 2 Fuel Oil as defined in ASTM D396.

         Note that environmental permitting may create conditions for sulfur,
         fuel bound nitrogen and other specifications which could affect or add
         minimum specifications, such as, but not limited to, those identified
         in the following table:

                                                               ASTM TEST
                                         SPECIFICATIONS         METHOD

         Sulfur, % Wt., Max.               0.05                 D - 1266

         Fuel Bound Nitrogen               0.050% Max.

4.       Dispatch and Operational Requirements.
         -------------------------------------

o    The Facility will be capable of operating with fuel oil. The Facility may
     fire oil in the gas turbines only and not in the HRSG duct burners. During
     these periods, the Facility shall operate in Mode 1 (Normal Operation)
     only.

o    The Facility will require shutdown for a minimum of one hour prior to
     switching from natural gas to oil firing. The fuel oil forwarding system
     will not be operated during normal gas firing, but operation of the fuel
     forwarding system will be initiated upon proper notice of a requirement for
     fuel switching. The Facility will be capable of switching from oil to
     natural gas without shutdown; however, the Facility may be required to
     decrease to a minimum load and stabilize prior to ramping to full load.

o    The Facility will be capable of being controlled via Automatic Generation
     Control (AGC) in Mode 1 (Normal Operation). The AGC load range and ramp
     rate will be set by the Facility's operator based on the actual capability
     of the CTs as determined through testing. With the duct burners firing
     (Mode 2 - Supplemental Firing Operation), the load range and ramp rate will
     be set and manually controlled by the Facility's operator based on the
     capabilities of the duct burners. No load following capability is available
     in Mode 3 (Power Augmentation Operation).

o    The Facility will be allowed to operate in Mode 3 (Power Augmentation
     Operation) only at ambient temperatures of [redacted].

o The Facility will require [redacted] of de-mineralized water for Mode 1
(Normal Operation).

o    The expected maximum allowable rate of load increase for the Facility will
     be [redacted]. Actual maximum load increase rate will be determined by
     actual testing and in light of final permit restrictions and emissions
     tests.

o    The Facility will be expected to be capable of operating minimum load with
     one CT [redacted]. Actual minimum load will be determined in light of final
     NOx emissions and permit restrictions and testing.

o Required startup times for the Facility shall be as follows:

         Mode 1 (Normal  Operation):  refer to  Attachment  1 - Time to
         Dispatch  Curve.  Note:  Actual Curve to be
         determined by testing.

         Mode 2 (Supplemental Firing Operation): [redacted] Mode 1 (Normal
        Operation).

         Mode 3  (Power  Augmentation  Operation):  [redacted]  Mode 1 (Normal
         Operation)  or  [redacted]  Mode 2
         (Supplemental Firing Operation).

o    The Facility will be allowed to operate in Mode 3 (Power Augmentation
     Operation) a [redacted] /year based on the LTSA contract with GE.

o    The Facility will not be allowed to operate in a traditional CT only mode
     (no simple cycle operation, i.e., no bypass stack). However, the CTs will
     be capable of operating independently of the steam turbine utilizing the
     steam bypass systems for a limited time. Most major plant equipment (such
     as HRSG BFP's, condenser, cooling tower and circulating water pumps) will
     be required during operation in this mode. The HRSG duct burners will not
     be available in this mode. The maximum generation capability of the
     Facility operating in this mode will be [redacted].

   The                             Facility's CT evaporative coolers should not
                                   be operated at ambient temperatures less than
                                   [redacted] to prevent freezing at the CT
                                   compressor inlet.

                                   [redacted]

<PAGE>

                                   APPENDIX B

                               REQUESTS FOR ENERGY

         1.1 Schedules for Requested Quantities of Energy. Purchaser and each
other Customer shall provide Seller with a single Request for Energy in order to
schedule requested quantities of each category of unit output as follows:

                  1.1.1    Day Ahead Daily Schedule. Customers shall communicate
                           the day ahead Request for Energy for each day to
                           Seller at or before [redacted] of the immediately
                           preceding day before delivery is to be made, or such
                           other earlier time that may be required by an RTO.

                           1.1.1.1  When AGC mode is available, during each hour
                                    the unit is scheduled to be in AGC mode, the
                                    Request for Energy shall specify the maximum
                                    amount of Energy desired for each of the
                                    twenty-four (24) hours. During each hour the
                                    unit is in AGC mode, the Customers shall not
                                    be permitted to reduce the Request for
                                    Energy to an amount less than [redacted] of
                                    the maximum Energy scheduled during that
                                    hour in the Request for Energy from the
                                    Customers' aggregate Equity Capacity and the
                                    Customers' aggregate capacity available
                                    under the Power Purchase Agreements
                                    (Customers' "PPA Capacity"). If in any hour,
                                    should the Customers reduce the Request for
                                    Energy amount by more than [redacted], the
                                    Customers shall pay Seller [redacted] for
                                    the difference between the amount of the
                                    Delivered Energy and [redacted] below the
                                    Request for Energy amount.

                           1.1.1.2  During each hour the Facility is not
                                    scheduled to be in AGC mode or the AGC mode
                                    is unavailable, the Request for Energy shall
                                    specify the amount of Energy from the
                                    Customers' aggregate PPA Capacity and
                                    aggregate Equity Capacity for each of the
                                    twenty-four (24) hours. Requests for Energy
                                    shall be submitted in [redacted] in a total
                                    amount that falls between the Facility's
                                    minimum capability and its maximum
                                    capability as described in the Technical
                                    Limits.

                  1.2.     Hourly Changes to the Daily Schedule. The Customers
                           jointly shall be entitled to make changes to a
                           Request for Energy by communicating such changes to
                           Seller no later than [redacted] prior to the
                           beginning of the hour in which such changes are to
                           become effective. The Customers shall be responsible
                           for any costs associated with OASIS notifications and
                           NERC tagging requirements.

                  1.3.     Capacity Emergency. During any periods in which the
                           Customers experience a Capacity Emergency, the
                           Customers shall be entitled to increase the Request
                           for Energy on shorter notice than that provided in
                           paragraph 1.2 above by an amount not to exceed the
                           Customers' unavailable resources that were the cause
                           of the Capacity Emergency and Seller shall endeavor
                           to comply with the request consistent with the
                           Technical Limits, Prudent Utility Practice,
                           applicable Law and Permit requirements.

                  1.4.     Minimum  Start-up  Time.  If the Customers  have
                           scheduled a zero amount of Capacity in
                           any  hour  and  the  Facility  is  not  on-line,
                           the  Customers  shall  provide  notice
                           consistent with the Technical Limits prior to
                           scheduling any Request for Energy.

                  1.5.     Load Following Service. The Customers shall have the
                           ability to control the output of the Facility using
                           the AGC mode, if available, only to the extent that
                           the Facility has the ability to operate in the AGC
                           mode consistent with the Technical Limits, Prudent
                           Utility Practice, and applicable Law and Permit
                           requirements.

                  1.6      Electronic Scheduling. The Customers shall use
                           electronic scheduling for Requests for Energy under
                           this Agreement, if and to the extent that Seller's
                           electronic scheduling capability is operational. To
                           the extent it is not, the Parties will use other
                           mutually agreed-upon communication procedures (such
                           as fax).

         2.1      Shortfall Conditions; Oversupply Conditions.
                  -------------------------------------------

          2.1.1 If the Facility is in load following service and OUC, acting for
     itself  and on behalf of the other  Customers,  determines  that the actual
     output of the Facility is not within  [redacted] of the Request for Energy,
     OUC shall communicate to Seller the amount of error.  Seller shall endeavor
     to adjust the actual  output of the Facility to be equal to the Request for
     Energy  within  [redacted]  of receipt of the  notification.  If the actual
     output of the  Facility  does not  equal  the  Request  for  Energy  within
     [redacted]  of  the  notification,  the  Customers  shall  be  entitled  to
     reimbursement of their costs from Seller as follows:

          2.1.1.1  If the actual  output of the  Facility  is  greater  than the
     Request  for Energy  (an  "Oversupply  Condition"),  the  decremental  cost
     associated with over-generation  shall be documented by the Customers until
     the actual  output of the  Facility  equals the Request  for  Energy.  OUC,
     acting for itself and on behalf of the other  Customers,  shall  coordinate
     with  Seller  during the  period  that the  actual  output of the  Facility
     exceeds the Request for Energy.  The  Customers  shall advise Seller of the
     total  decremental  costs  associated  with each  instance of an Oversupply
     Condition.  Seller shall compensate OUC, on its own behalf and as agent for
     KUA and FMPA, for any such Oversupply Condition.

          2.1.1.2 If the actual  output of the unit is less than the Request for
     Energy (an  "Undersupply  Condition"),  the  provisions of Section 4.3 will
     apply if applicable.

          2.1.2 If the Facility is not in load following service and OUC, acting
     for itself and on behalf of the other Customers, determines that the actual
     output of the unit is not within [redacted] of the schedule included in the
     Request for Energy (plus any other  scheduled  output  pursuant to Seller's
     right to schedule Energy pursuant to Section 4.5 of this  Agreement),  then
     OUC shall  communicate  to Seller  the amount of the  error.  Seller  shall
     endeavor  to adjust the actual  output of the  Facility  to be equal to the
     Request for Energy (plus any other  scheduled  output  pursuant to Seller's
     right to schedule Energy) within [redacted] of receipt of the notification.
     If the actual output of the Facility  does not equal the schedule  included
     in the  Request for Energy  (plus any other  scheduled  output  pursuant to
     Seller's right to schedule Energy) within  [redacted] of the  notification,
     the Customers shall be entitled to reimbursement of their costs from Seller
     as follows:

          2.1.2.1  If an  Oversupply  Condition  exists,  the  decremental  cost
     associated with over-generation  shall be documented by the Customers until
     the actual output of the unit equals the Request for Energy (plus any other
     scheduled  output  pursuant to  Seller's  right to  schedule  Energy).  The
     Customers  shall advise Seller of the total  decremental  costs  associated
     with each instance of an Oversupply Condition.

          2.1.2.2 If an Undersupply  Condition exists, the provisions of Section
     4.3 will apply if applicable.

               3.1  Notification   Requirements  for  Delivery  of  Energy  from
          Alternate Resources.

     3.1.1 When the  Facility  is  available  and  running  at minimum  load and
spinning reserves are available,  Seller will notify OUC if Seller has scheduled
delivery  of  Energy  from  Alternate  Resources  to meet  all or a  portion  of
Customers'  Schedule at least  [redacted] (or the amount of time in which an RTO
has determined that the Physical  Transmission  Rights ("PTRs") may be recalled)
prior to the scheduled  commencement of delivery of such Energy. For purposes of
paragraph  3.1,  the phrase  "has  scheduled  delivery"  means  that  Seller has
scheduled and arranged the OASIS,  tagging, and any transmission rights required
by an RTO. If an RTO is established in Florida, and under such condition the RTO
determines  that  Physical  Transmission  Rights  (PTRs) may be  recalled if not
utilized,  then Seller will  notify OUC if Seller has so  scheduled  delivery of
Energy from  Alternate  Resources at least  [redacted] (or the amount of time in
which an RTO has determined that the PTRs may be recalled) and [redacted]  prior
to the  scheduled  commencement  of delivery of such Energy.  At the time Seller
notifies  OUC that Seller has so  scheduled  delivery  of Energy from  Alternate
Resources,  Seller will  identify the source and quantity of such Energy and the
path of its transmission to OUC.

     3.1.2 When the Facility is  unavailable  and is not  scheduled to return to
service in time for Seller to serve the Customers' Schedule,  Seller will notify
OUC within  [redacted] after Seller's  receipt of Customers'  Schedule if Seller
has  scheduled  delivery of Energy  from  Alternate  Resources  to meet all or a
portion of such Customers' Schedule. At the time Seller notifies OUC that Seller
has so  scheduled  delivery  of Energy  from  Alternate  Resources,  Seller will
identify the source and quantity of such Energy and the path of its transmission
to OUC.

     3.1.3  When the  Facility  becomes  unavailable  while  Seller  is  serving
Customers' Schedule, Seller will notify OUC within [redacted] after the Facility
is deemed  unavailable if Seller has scheduled delivery of Energy from Alternate
Resources to meet all or a portion of the remainder of Customers'  Schedule.  If
Seller  notifies  OUC that  Seller  has so  scheduled  delivery  of Energy  from
Alternate Resources,  then Seller will schedule delivery of such Energy to begin
no later  than the top of the next full  hour  following  the hour  that  Seller
notified OUC of Seller's election. (Example: The Facility becomes unavailable at
[redacted]  Seller gives notice no later than  [redacted] if Seller will arrange
to deliver Energy from Alternate  Resources.  Delivery from Alternate  Resources
should  begin no later than  [redacted])  At the time Seller  notifies  OUC that
Seller has so scheduled delivery of Energy from Alternate Resources, Seller will
identify the source and quantity of such Energy and the path of its transmission
to OUC.

     3.1.4 When the Facility is expected to return from an outage, but does not,
Seller  will  notify OUC within  [redacted]  of  Seller's  realization  that the
Facility  will not be  available  as expected to meet the start of a  Customer's
Schedule. If the start of such Customer's Schedule is to begin within [redacted]
or less from the time of such notice, Seller will notify OUC at the same time if
Seller has scheduled delivery of Energy from Alternate  Resources to meet all or
a portion of such  Customer's  Schedule.  Otherwise  Seller  will  notify OUC if
Seller has scheduled delivery of Energy from Alternate  Resources to meet all or
a portion of such Customer's  Schedule at least [redacted] prior to the start of
such Schedule and preferably at least  [redacted]  prior. If Seller notifies OUC
that Seller has  scheduled  delivery of Energy from  Alternate  Resources,  then
Seller will  schedule  delivery of such Energy to begin no later than the top of
the next full hour  following  the hour that  Seller  notified  OUC of  Seller's
election (but not earlier than the original start of such Customers'  Schedule).
If an RTO develops in Florida,  and under such condition the RTO determines that
PTRs may be recalled if not utilized,  then Seller will notify OUC if Seller has
scheduled  delivery of Energy from Alternate  Resources at least  [redacted] (or
the amount of time in which an RTO has determined that the PTRs may be recalled)
and [redacted]  prior to the scheduled  commencement of delivery of such Energy.
At the time Seller notifies OUC that Seller has so scheduled  delivery of Energy
from Alternate  Resources,  Seller will identify the source and quantity of such
Energy and the path of its transmission to OUC.

<PAGE>

                                       C-1

                                   APPENDIX C

                           CAPACITY TESTING PROCEDURE

        The capability of the Facility will be required to be demonstrated prior
to the Commencement Date. The demonstration of the capability of the Facility
following the Commencement Date shall be scheduled in accordance with the
provisions of Section 4.1.2. As provided in Section 4.1.3, Participants may also
request additional tests of the Facility which shall not be used as the basis
for determining the Demonstrated Capability of the Facility. Purchaser shall
have the right to monitor (either on-Site or otherwise) all performance tests.

        All Capacity testing will be adjusted to the Rated Conditions using
correction curves supplied by Seller. "Rated Conditions" means seventy (70)
degrees Fahrenheit ((degree)F) and forty five percent (45%) relative humidity.
The demonstrated net output of the Facility will be as measured by the Meters.

        On the date of the Capacity test, Seller shall bring the Facility to
maximum full load capability within the Technical Limits of the Facility for the
ambient conditions for that day. The test shall be scheduled between the weekday
hours of 11:00 a.m. and 7:00 p.m. (prevailing Eastern Time) and will be
conducted over an eight consecutive hour period (or a lesser period if mutually
agreed upon). Seller must notify Customers when the Facility is at maximum full
load capability, at which time the Capacity test shall begin. The Demonstrated
Capability will be the average net hourly output over the test period corrected
to Rated Conditions.

<PAGE>

                                   APPENDIX D

         Example Calculations of Quantities of Gas Transportation and/or
            Commodity Required for Delivery from Alternate Resources

         Listed below are examples of the determination of the amount of gas
transportation and/or commodity that the Fuel Supply Agent shall provide to
Seller pursuant to Section 4.2.5.2 or 4.2.5.3 when Seller elects to deliver
Energy from Alternate Resources.

Example 1

         The facility is unavailable. The Customers have Scheduled 400 MWh of
         Energy in an hour. Seller notifies OUC that Seller will supply the 400
         MWh of Energy for the subject hour from Alternate Resources.

         In Example 1, the Fuel Supply Agent will provide [redacted]

Example 2

         The facility is unavailable. The Customers have Scheduled 610 MWh of
         Energy in an hour. Seller notifies OUC that Seller will supply 550 MWh
         of Energy for the subject hour from Alternate Resources.

         In Example 2, the Fuel Supply Agent will provide [redacted]

Example 3

         The facility is available. The Customers have Scheduled 450 MWh of
         Energy in an hour. Seller notifies OUC that Seller will deliver 100 MWh
         of Energy for the subject hour from Alternate Resources and 350 MWh
         from the Facility.

         In Example 3, the Fuel Supply Agent will provide [redacted]

Example 4

         The facility is available. The Customers have Scheduled 600 MWh of
         Energy in an hour. Seller notifies OUC that Seller will deliver 200 MWh
         of Energy for the subject hour from Alternate Resources and 400 MWh
         from the Facility.

         In Example 4, the Fuel Supply Agent will provide [redacted]

<PAGE>

                                       E-9

                                   APPENDIX E

                            FORM OF PAYMENT GUARANTY

         This Guaranty Agreement (the "Guaranty") is made by The Southern
Company ("Guarantor"), a Delaware corporation, in favor of Florida Municipal
Power Agency (All Requirements Power Supply Project) ("FMPA"), a governmental
legal entity organized and existing under the laws of the State of Florida.

         WHEREAS, Southern Company - Florida LLC ("Principal Obligor"), a
Delaware limited liability company, and FMPA entered into that certain Power
Purchase Agreement, dated as of March 26, 2001 (the "PPA");

         WHEREAS, Guarantor has agreed to provide assurance for the payment of
Principal Obligor's obligations in connection with the PPA as provided in this
Guaranty; and

         WHEREAS, the execution and delivery of this Guaranty by Guarantor is
pursuant to the terms of the PPA in order to satisfy the requirement that
Principal Obligor cause an Affiliate to maintain in place a guaranty of
Principal Obligor's obligations under the PPA.

         NOW, THEREFORE, in consideration of the premises and other good and
valuable consideration, the adequacy, receipt and sufficiency of which are
hereby acknowledged, Guarantor hereby agrees as follows:

1.   Guaranty.  Guarantor  hereby  irrevocably,  unconditionally  and absolutely
     guarantees  the punctual  payment when due of Principal  Obligor's  payment
     obligations  arising  under the PPA,  as amended or  modified  from time to
     time,  together with any interest thereon,  including,  without limitation,
     any  interest  amounts  accruing  under  the PPA  during  the  pendency  of
     insolvency,   bankruptcy,   reorganization  or  other  similar  proceedings
     affecting  Principal  Obligor or its assets;  provided,  however,  that the
     maximum  liability  of  Guarantor  under  this  Guaranty  with  respect  to
     Principal  Obligor's  obligations  under  the PPA shall be  limited  to the
     amount that is equal to the then-current Termination Payment (as defined in
     the PPA),  which  shall not exceed in any event One  Million  Nine  Hundred
     Forty-Six  Thousand One Hundred  Dollars  ($1,946,100)  (collectively,  the
     "Guaranteed Obligations");  provided,  further, that the cap on Guarantor's
     liability  under this Guaranty  established  in the  immediately  preceding
     clause creates an absolute cap on Guarantor's liability to FMPA in relation
     to the PPA and, if and when  Guarantor's  liability under this Guaranty has
     reached such cap,  then from and after such time,  Guarantor  shall have no
     further liability under this Guaranty  whatsoever to FMPA and this Guaranty
     shall  thereupon  terminate;  provided,  further,  that costs  incurred  by
     Guarantor  under  Section 4 hereof  shall not be counted  for  purposes  of
     determining  whether  Guarantor  has  reached  such cap,  unless and to the
     extent that  Guarantor's  costs under such Section 4,  together  with costs
     incurred by Guarantor  under the  corresponding  provisions of  Guarantor's
     other three Payment  Guarantees of  contemporaneous  date to one or more of
     OUC,  FMPA  and KUA,  exceed  Three  Million  Dollars  ($3,000,000)  in the
     aggregate.

2.   Guaranty Absolute.  The liability of Guarantor under this Guaranty shall be
     irrevocable, absolute and unconditional irrespective of:

               (a) any  lack of  validity  or  enforceability  of or  defect  or
          deficiency  in the PPA or any other  documents  executed in connection
          with the PPA;

               (b) any assignment, transfer,  modification,  extension or waiver
          of any of the terms of the PPA;

               (c) any change in the time, manner, terms of payment of or in any
          other term of, all or any of the Guaranteed Obligations,  or any other
          amendment or waiver of or any consent to departure  from any agreement
          or instrument executed in connection therewith;

               (d) any sale, exchange, release or non-perfection of any property
          standing as security  for the  liabilities  hereby  guaranteed  or any
          liabilities  incurred directly or indirectly  hereunder or any set off
          against any of said liabilities, or any release or amendment or waiver
          of or consent to departure from any other guaranty,  for all or any of
          the Guaranteed Obligations;

               (e) applicable statutes of limitation,  failure, omission, delay,
          waiver or refusal by FMPA to exercise,  in whole or in part, any right
          or remedy  held by FMPA  with  respect  to the PPA or any  transaction
          under the PPA; or

               (f) any  change  in the  existence,  structure  or  ownership  of
          Guarantor  or  Principal  Obligor,  or  any  insolvency,   bankruptcy,
          reorganization or other similar proceeding affecting Principal Obligor
          or its assets.

         The obligations of the Guarantor hereunder are several from the
Principal Obligor or any other person, and are primary obligations concerning
which the Guarantor is the principal obligor. There are no conditions precedent
to the enforcement of this Guaranty, except as expressly contained herein.

         This Guaranty shall continue to be effective or be reinstated, as the
case may be, if at any time any payment of any of the Guaranteed Obligations are
annulled, set aside, invalidated, declared to be fraudulent or preferential,
rescinded or must otherwise be returned, refunded or repaid by FMPA upon the
insolvency, bankruptcy, dissolution, liquidation or reorganization of Principal
Obligor or any other guarantor, or upon or as a result of the appointment of a
receiver, intervenor or conservator of, or trustee or similar officer for,
Principal Obligor or any other guarantor or any substantial part of its property
or otherwise, all as though such payment or payments had not been made.

     3.   Waiver. This is a guaranty of payment and not of collection. Guarantor
          hereby waives:

          (a)  notice  of  acceptance  of  this  Guaranty,  of the  creation  or
               existence of any of the Guaranteed  Obligations and of any action
               by FMPA in reliance hereon or in connection herewith;

          (b)  except as expressly  set forth  herein,  presentment,  demand for
               payment, notice of dishonor or nonpayment,  protest and notice of
               protest with respect to the Guaranteed Obligations; and

          (c)  any requirement that suit be brought against Principal Obligor or
               any other person as a condition to Guarantor's  liability for the
               Guaranteed  Obligations  under this Guaranty or as a condition to
               the enforcement of this Guaranty against Guarantor.

         Notwithstanding anything to the contrary set forth herein, Guarantor
         shall have the same defenses available to it as Principal Obligor may
         have with respect to any payment obligations arising under the PPA.

4.   Expenses.  Guarantor  agrees to pay on demand any and all costs,  including
     reasonable  legal fees,  and other  expenses  incurred by FMPA in enforcing
     Guarantor's  payment  obligations  under this  Guaranty;  provided that the
     Guarantor  shall not be liable for any expenses of FMPA if no payment under
     this Guaranty is due.

5.   Subrogation.  Guarantor  shall be  subrogated to all rights of FMPA against
     Principal  Obligor in respect of any amounts paid by Guarantor  pursuant to
     the Guaranty,  provided that Guarantor  waives any rights it may acquire by
     way of subrogation  under this  Guaranty,  by any payment made hereunder or
     otherwise,  until  all  of  the  Guaranteed  Obligations  shall  have  been
     irrevocably  paid to FMPA  in  full.  If any  amount  shall  be paid to the
     Guarantor  on account of such  subrogation  rights at any time when all the
     Guaranteed  Obligations shall not have been paid in full, such amount shall
     be held in trust for the  benefit  of FMPA and shall  forthwith  be paid to
     FMPA to be  applied to the  Guaranteed  Obligations.  If (a) the  Guarantor
     shall  perform  and shall  make  payment  to FMPA of all or any part of the
     Guaranteed  Obligations and (b) all the Guaranteed  Obligations  shall have
     been paid in full,  FMPA shall,  at the  Guarantor's  request,  execute and
     deliver to the Guarantor  appropriate  documents  necessary to evidence the
     transfer by  subrogation to the Guarantor of any interest in the Guaranteed
     Obligations resulting from such payment by Guarantor.

6.   Notices.  All  demands,  notices  and  other  communications  provided  for
     hereunder shall, unless otherwise  specifically  provided herein, (a) be in
     writing  addressed  to the party  receiving  the notice at the  address set
     forth  below or at such  other  address  as may be  designated  by  written
     notice,  from time to time, to the other party,  and (b) be effective  upon
     delivery, when mailed by U.S. mail, registered or certified, return receipt
     requested,  postage prepaid, or personally delivered. Notices shall be sent
     to the following addresses:

         If to FMPA:

                  Florida Municipal Power Agency

                  7201 Lake Ellenor Drive

                  Orlando, FL  32809

                  Attention:  General Manager

                  Tel:  407-355-7767

                  Fax:  407-355-5793

         With a copy to:

                  Frederick M. Bryant

                  General Counsel, Florida Municipal Power Agency

P.       O. Box 3209

                  Tallahassee, FL 32315-3209

                  Telephone:  850-297-2011

                  Facsimile:  850-297-2014

         If to Guarantor:

                  The Southern Company

                  c/o Southern Company Services, Inc.

                  270 Peachtree Street NW

                  Suite 2000

                  Atlanta, GA 30303

                  Attention:  Allen L. Leverett, Vice President and Treasurer

                  Tel:  404-506-0710

                  Fax:  404-506-0712

         With a copy to:

                  Robert H. Forry, Esq.

                  Troutman Sanders LLP

                  Bank of America Plaza

                  600 Peachtree Street, N.E.

                  Suite 5200

                  Atlanta, Georgia 30308-2216

                  Tel:  404-885-3142

                  Fax:  404-962-6559

         If to Principal Obligor:

                  Southern Company - Florida LLC

                  c/o Southern Company Services, Inc.

                  270 Peachtree Street NW

                  Suite 2000
                  Atlanta, GA 30303

                  Attention:  Allen L. Leverett, Vice President and Treasurer

                  Tel:  404-506-0710

                  Fax:  404-506-0712

         With a copy to:

                  Robert H. Forry, Esq.

                  Troutman Sanders LLP

                  Bank of America Plaza

                  600 Peachtree Street, N.E.

                  Suite 5200

                  Atlanta, Georgia 30308-2216

                  Tel:  404-885-3142

                  Fax:  404-962-6559

7.       Demand and Payment. Any demand by FMPA for payment hereunder shall be
         in writing, signed by a duly authorized officer of FMPA and delivered
         to the Guarantor pursuant to Section 6 hereof, and shall (a) reference
         this Guaranty, (b) specifically identify the Principal Obligor, the
         Guaranteed Obligations to be paid and the amount of such Guaranteed
         Obligations and (c) set forth payment instructions. There are no other
         requirements of notice, presentment or demand. Guarantor shall pay, or
         cause to be paid, such Guaranteed Obligations within three (3) business
         days of receipt of such demand.

8.       No Waiver; Remedies. Except as to applicable statutes of limitation, no
         failure on the part of FMPA to exercise, and no delay in exercising,
         any right hereunder shall operate as a waiver thereof, nor shall any
         single or partial exercise of any right hereunder preclude any other or
         further exercise thereof or the exercise of any other right. The
         remedies herein provided are cumulative and not exclusive of any
         remedies provided by law.

9.       Replacement of Guarantor and Termination.

                  (a) Guarantor may assign and delegate its rights and
         obligations under this Guarantee, in whole or in part, as follows: (i)
         without the consent of FMPA, to Southern Power Company, a Delaware
         corporation and parent company of Principal Obligor, or other Affiliate
         of Principal Obligor, if Southern Power Company or such other Affiliate
         has achieved the following three characteristics: (1) a credit rating
         on its senior securities at or above BBB- (Standard & Poors) and Baa3
         (Moody's), (2) Net Equity (as hereinafter defined) of at least Two
         Hundred Fifty Million Dollars ($250,000,000), as reflected on its most
         recent audited balance sheet, and (3) Gross Equity (as hereinafter
         defined) of at least Five Hundred Million Dollars ($500,000,000),
         provided, however, that the date on which Guarantor causes such a
         replacement of this Guaranty under this Section 9(a)(i) may not be
         earlier than the Commercial Operation Date (as defined in the Ownership
         Agreement); or (ii) with the consent of FMPA, which consent may not be
         unreasonably withheld, to an assignee which has a credit rating on its
         senior securities at or above BBB- (Standard & Poors) and Baa3
         (Moody's) and which meets other reasonable financial criteria similar
         to those identified in Section 9(a)(i), provided, however, that if
         Guarantor requests FMPA's consent to such an assignment and delegation
         in connection with a permitted transfer or assignment of the PPA, then
         FMPA may not withhold such consent if the assignee meets the financial
         criteria in Section 9(a)(ii). An assignment and delegation of
         Guarantor's rights and obligations under this Section 9 shall become
         effective when the replacement guarantor executes and delivers to FMPA
         a replacement guaranty on terms and conditions substantially similar to
         this Guaranty.

                  (b) For purposes of this Guaranty, the following terms shall
have the following meanings:

         "Net Equity" shall mean the aggregate of the capital stock and other
         equity accounts (including retained earnings and paid-in capital) of
         Southern Power Company or other Affiliate of Principal Obligor, as the
         case may be.

         "Gross Equity" shall mean Net Equity plus Guaranteed Debt plus loans to
         Southern Power Company from its parent corporation.

         "Guaranteed Debt" shall mean any obligations of Southern Power Company
         or other Affiliate of Principal Obligor, as the case may be, for or in
         respect of (a) moneys borrowed or raised (whether or not for cash) by
         whatever means (including acceptances, deposits, discounting, letters
         of credit, factoring (other than on a non-recourse basis), finance
         leases, and any other form of financing which is recognized in Southern
         Power Company's or other Affiliate of Principal Obligor's, as the case
         may be, financial statements as being in the nature of a borrowing
         (excluding for the avoidance of doubt, share capital, share premium
         account and any capital prepayment reserve), which has been guaranteed
         by Guarantor, and (b) the deferred purchase price of assets or services
         (other than goods and services obtained on normal commercial terms in
         the ordinary course of business or operations), which has been
         guaranteed by Guarantor.

         "Affiliate" of an Entity shall mean any other entity controlled by,
         controlling or under common control with such entity, where control of
         an entity means the ability to direct the policies of such entity
         through election of a majority of such entity's board of directors or
         other governing body or by contract or otherwise.

                  (c) This Guaranty shall terminate, and upon the effective date
         of such termination Guarantor shall have no further liability
         hereunder, on the earliest to occur of: (i) the satisfaction of all of
         the Guaranteed Obligations, (ii) the termination or expiration of the
         PPA, (iii) the date on which the liability cap is reached, as provided
         in Section 1 hereof, or (iv) the date on which an assignment and
         delegation by Guarantor of its rights and obligations hereunder becomes
         effective under Section 9(a) hereof.

10.      Assignment by FMPA; Successors and Assigns. FMPA may, upon notice to
         Guarantor, assign its rights hereunder only to a subsequent owner of
         all of FMPA's interest in the Facility and the Interconnection
         Facilities (as defined in the PPA) without the consent of Guarantor.
         Subject to the foregoing, this Guaranty shall be binding upon and inure
         to the benefit of the parties hereto and their respective successors,
         permitted assigns, and legal representatives.

11.      Amendments, Etc. No amendment of this Guaranty shall be effective
         unless in writing and signed by Guarantor and FMPA. No waiver of any
         provisions of this Guaranty or consent to any departure by Guarantor
         therefrom shall in any event be effective unless such waiver shall be
         in writing and signed by FMPA. Any such waiver shall be effective only
         in the specific instance and for the specific purpose for which it was
         given.

12.       Captions.  The captions  in this  Guaranty  have  been  inserted for
          convenience  only  and  shall  be  given  no  substantive meaning  or
          significance whatsoever in construing the terms and provisions of this
          Guaranty.

13.      Representations and Warranties.

         The Guarantor represents and warrants as follows:

         (a)      The Guarantor is duly organized, validly existing and in good
                  standing under the laws of the jurisdiction of its
                  incorporation and has full corporate power to execute, deliver
                  and perform this Guaranty.

         (b)      The execution, delivery and performance of this Guaranty have
                  been and remain duly authorized by all necessary corporate
                  action and do not contravene the Guarantor's constitutional
                  documents or any contractual restriction binding on the
                  Guarantor or its assets.

         (c)      This Guaranty constitutes the legal, valid and binding
                  obligation of the Guarantor enforceable against Guarantor in
                  accordance with its terms, subject, as to enforcement, to
                  bankruptcy, insolvency, reorganization and other laws of
                  general applicability relating to or affecting FMPA's rights
                  and to general equity principles.

         (d)      The financial statements of Guarantor for the year ended
                  December 31, 2000 (the "Financial Statements"), heretofore
                  delivered to FMPA or filed with the United States Securities
                  Exchange Commission by Guarantor present fairly the financial
                  condition and results of operations of Guarantor and its
                  consolidated subsidiaries as of the dates and for the period
                  specified therein in conformity with generally accepted
                  accounting principles, and, except as otherwise expressly
                  stated therein, consistently applied.

14.      Limitation by Law. All rights, remedies and powers provided in this
         Guaranty may be exercised only to the extent that the exercise thereof
         does not violate any applicable provision of law, and all the
         provisions of this Guaranty are intended to be subject to all
         applicable mandatory provisions of law that may be controlling and to
         be limited to the extent necessary so that they will not render this
         Guaranty invalid, unenforceable, in whole or in part, or not entitled
         to be recorded, registered or filed under the provisions of any
         applicable law.

15.       Governing  Law;  Submission to  Jurisdiction.  This Guaranty  shall be
          governed by, and construed in accordance  with,  the laws of the State
          of Georgia,  exclusive of any conflict of laws provisions thereof that
          would  apply the laws of  another  jurisdiction.  The  parties  hereby
          submit to the  jurisdiction  of,  and  agree  that  venue for  actions
          hereunder shall be, the U.S.  District Court for the Northern District
          of Georgia,  if the U.S. District Court has  jurisdiction,  or, if the
          U.S. District Court does not have jurisdiction,  the Superior Court of
          the State of Georgia sitting in Fulton County, Georgia and the parties
          hereby waive any  objection to venue in such courts and any  objection
          to any action or proceeding on the basis of forum non conveniens.

         IN WITNESS WHEREOF, Guarantor has caused this Guaranty to be duly
executed and delivered by its duly authorized officer effective as of this ___
day of __________, 2001.

                             "Guarantor"

                             THE SOUTHERN COMPANY

                             By:
                                -----------------------------------

                             Name:
                                  ---------------------------------

                             Title:
                                   --------------------------------

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