SEC Contract Filing

Filing Date: 2019-11-08

Document Content:
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<TYPE>EX-10.83.1
<SEQUENCE>4
<FILENAME>c004-20190930xex10_831.htm
<DESCRIPTION>EX-10.83.1
<TEXT>
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 20190930 EX 10_83_1
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 <a name="_GoBack"></a><font style="display: inline;font-weight:bold;">AMENDMENT NO. 1 TO EKLUTNA POWER PURCHASE AGREEMENT</font>
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 <font style="display: inline;">This AMENDMENT NO. 1 TO EKLUTNA POWER PURCHAS</font><font style="display: inline;">E AGREEMENT, dated as of the 27th</font><font style="display: inline;"> day of September, 2019 (this &#x201C;</font><font style="display: inline;font-weight:bold;">Eklutna PPA Amendment</font><font style="display: inline;">&#x201D;), </font><font style="display: inline;">is made and entered into by and between (i) </font><font style="display: inline;font-weight:bold;">CHUGACH ELECTRIC ASSOCIATION, INC.</font><font style="display: inline;">, an Alaska not-for-profit electric cooperative corporation (&#x201C;</font><font style="font-weight:bold;font-style:normal;display: inline;">Purchaser</font><font style="display: inline;">&#x201D;), and (ii) the </font><font style="display: inline;font-weight:bold;">MUNICIPALITY OF ANCHORAGE, </font><font style="display: inline;">a political subdivision organized under the laws of the State of Alaska</font><font style="display: inline;"> (&#x201C;</font><font style="font-weight:bold;font-style:normal;display: inline;">Seller</font><font style="display: inline;">&#x201D;). Purchaser and Seller are hereinafter referred to individually as a &#x201C;</font><font style="font-weight:bold;font-style:normal;display: inline;">Party</font><font style="display: inline;">&#x201D; and collectively as the &#x201C;</font><font style="font-weight:bold;font-style:normal;display: inline;">Parties</font><font style="display: inline;">&#x201D;</font><font style="display: inline;">.</font>
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 <font style="display: inline;">WHEREAS, Purchaser and Seller entered into that certain Eklutna Power Purchase Agreement dated as of December 28, 2018 (the &#x201C;</font><font style="display: inline;font-weight:bold;">Eklutna PPA</font><font style="display: inline;">&#x201D;);</font>
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 <font style="display: inline;">WHEREAS, Section 15.7 of the Eklutna PPA provides that Purchaser and Seller may amend the Eklutna PPA upon the execution and delivery of a written agreement executed by each Party; and</font>
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 <font style="display: inline;">NOW, THEREFORE, pursuant to Section 15.7 of the Eklutna PPA and in consideration for the premises and agreements hereinafter set forth, the Parties, intending to be legally bound, agree as follows:</font>
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 <font style="margin:0pt 0pt 12pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 26pt 0pt 0pt;"> 1.</font>
 <font style="display: inline;text-decoration:underline;color:#000000;">Revision to Section 15.11</font><font style="display: inline;color:#000000;">.&nbsp;&nbsp;The following sentence is added at the end of Section 15.11 of the Eklutna PPA:</font></p></td></tr></table></div>
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 <font style="display: inline;color:#000000;">It is the understanding of the Parties that this PPA, as a wholesale power agreement between public utilities governed by AS 42.05.431(b), will not take effect without the prior approval of the RCA, and will at all times after any such approval be subject to the RCA&#x2019;s continuing authority over wholesale power agreements.</font>
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 <font style="margin:0pt 0pt 12pt;text-align:left;text-justify:inter-ideograph;font-family:Times New Roman;font-size:12pt;;;padding:0pt 26pt 0pt 0pt;"> 2.</font>
 <font style="display: inline;text-decoration:underline;color:#000000;">Effective Date and Incorporation of Terms of Eklutna PPA.</font><font style="display: inline;color:#000000;"> &nbsp;This Amendment shall be deemed effective as of the Effective Date as defined in Exhibit A to the Eklutna PPA and, without in any way limiting the effect of the amendment set forth in Section 1 of this Amendment, shall be subject to all the terms and conditions of the Eklu