HECO Exhibit 10.3(b)
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AMENDMENT NO. 1 TO THE
SECOND AMENDED AND RESTATED POWER PURCHASE AGREEMENT
BETWEEN
HILO COAST POWER COMPANY
AND
HAWAII ELECTRIC LIGHT COMPANY, INC.
THIS AMENDMENT NO. 1 ("Amendment") is entered as of this 5/th/ day of
November, 1999, by and between HILO COAST POWER COMPANY, a Division of Xxxxxx
Environmental Industries, LLC ("HCPC") and HAWAII ELECTRIC LIGHT COMPANY, INC.,
a Hawaii corporation ("HELCO").
WITNESSETH:
WHEREAS, HCPC and HELCO are parties to a Second Amended And Restated Power
Purchase Agreement dated as of October 4, 1999 ("Amended PPA"), under which HCPC
shall sell and HELCO shall purchase capacity and energy from a twenty-two
megawatt (22 MW) facility located in Pepeekeo, Hawaii; and
WHEREAS, HCPC and HELCO desire to amend portions of Section XVIII of the
Amended PPA by this Amendment.
NOW THEREFORE, in consideration of the premises and mutual agreements and
covenants contained herein, the parties hereby agree as follows:
1. Amendment to Section XVIII "PUC Approval". Paragraph two of Section
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XVIII is amended by replacing "November 30, 1999" in the second and fourth lines
with "December 10, 1999", and by replacing "December 15, 1999" in the eighth
line with
"December 27, 1999". Paragraph three of Section XVIII is amended by replacing
"November 30, 1999" in the second line with "December 10, 1999".
2. Other Terms Not Changed. Except as expressly amended by this
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Amendment, the Amended PPA shall remain in full force and effect. In the event
that a conflict arises between the Amended PPA and this Amendment, this
Amendment shall prevail, but the respective documents shall be interpreted to be
in harmony with each other where possible.
3. Effective Date. This Amendment shall become effective as of the date
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first above written.
4. Counterparts. This Amendment may be executed in counterparts and all
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so executed shall constitute one Amendment, binding on both parties thereto,
notwithstanding that both parties may not be signatories to the original or the
same counterpart.
IN WITNESS WHEREOF, HELCO and HCPC have caused this Amendment to be
executed by their respective duly authorized officers as of the date first above
written.
HELCO: HAWAII ELECTRIC LIGHT COMPANY, INC.
By: /S/ Xxxxxx X. Xxxxxx
Its: Vice President
By: /S/ Xxxxxx X. X. Xxx
Its: President
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HCPC: HILO COAST POWER COMPANY,
a Division of Xxxxxx Environmental Industries, LLC,
a Hawaii Limited Liability Company By Xxxxxx
Environmental Industries Holdings, Inc.
By: /S/ Xxxxxxx X. Xxxx
Its: Vice President
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