Exhibit 10.8.3
SUPPLEMENTAL AGREEMENT TO THE AMENDED AND
RESTATED WHOLESALE POWER CONTRACT
THIS SUPPLEMENTAL AGREEMENT TO THE AMENDED AND RESTATED WHOLESALE POWER
CONTRACT, dated as of January 1, 1997, is entered into by and among GEORGIA
POWER COMPANY, a corporation organized and existing under the laws of the State
of Georgia ("Georgia Power"), OGLETHORPE POWER CORPORATION (AN ELECTRIC
MEMBERSHIP GENERATION & TRANSMISSION CORPORATION), an electric membership
corporation organized and existing under the laws of the State of Georgia
("Oglethorpe"), and ALTAMAHA ELECTRIC MEMBERSHIP CORPORATION, an electric
membership corporation organized and existing under the laws of the State of
Georgia (the "Member").
R E C I T A L S:
WHEREAS, Oglethorpe's existing members, including the Member, are the 39
electric membership corporations doing business in the State of Georgia, each of
which joined with the others, beginning in 1974, to form Oglethorpe in order to
share the benefits and costs of ownership of an entity that would engage in
providing electric capacity and energy for the benefit of its members;
WHEREAS, Oglethorpe, on behalf of its members, including the Member, owns
an undivided interest in certain electric generating resources with Georgia
Power and other ownership participants;
WHEREAS, Georgia Power is the operating agent for certain of such electric
generating resources;
WHEREAS, Oglethorpe and the Member are parties to that certain Amended and
Restated Wholesale Power Contract, dated as of August 1, 1996 ("New Wholesale
Power Contract");
WHEREAS, in order to implement the New Wholesale Power Contract,
Oglethorpe has requested that Georgia Power consent to the termination of
Oglethorpe's sole and exclusive power supply relationship with the Member as
required by certain of the agreements to which Oglethorpe and Georgia Power are
parties, and Georgia Power, as a condition to such consent, has requested that
Oglethorpe, the Member and each of the other members of Oglethorpe execute
agreements in the form and content of this Agreement;
NOW, THEREFORE, in consideration of the premises and the mutual
undertakings herein contained and for other good and valuable consideration, the
terms and sufficiency of which are hereby acknowledged, the Parties hereby agree
as follows:
1. Meanings of Certain Terms. For the purposes of this Agreement, any word
or term which is used in this Agreement and defined in the New Wholesale Power
Contract shall have the same meaning assigned to it in the New Wholesale Power
Contract. All other capitalized terms used herein shall have the respective
meanings set forth below, unless the context in which such term is used clearly
requires otherwise.
1.1 Plant Co-Ownership Agreements shall mean the following listed
agreements and any amendments thereto:
1.1.1 Xxxxx X. Xxxxx Nuclear Plant Purchase and Ownership Participation
Agreement between Georgia Power Company and Oglethorpe Electric Membership
Corporation dated as of January 6, 1975 ("Hatch Ownership Agreement").
1.1.2 Xxxxx X. Xxxxx Nuclear Plant Operating Agreement between Georgia
Power Company and Oglethorpe Electric Membership Corporation dated as of January
6, 1975.
1.1.3 Xxxxx X. Xxxxxx Nuclear Units One and Two Purchase and Ownership
Participation Agreement among Georgia Power Company, Oglethorpe Electric
Membership Corporation, Municipal Electric Authority of Xxxxxxx xxx Xxxx xx
Xxxxxx, Xxxxxxx dated as of August 27, 1976; Amendment No. 1 dated as of January
18, 1977, and Amendment No. 2 dated as of February 24, 1977 ("Vogtle Ownership
Agreement").
1.1.4 Xxxxx X. Xxxxxx Nuclear Units One and Two Operating Agreement among
Georgia Power Company, Oglethorpe Electric Membership Corporation, Municipal
Electric Authority of Xxxxxxx xxx Xxxx xx Xxxxxx, Xxxxxxx dated as of August 27,
1976.
1.1.5 Nuclear Managing Board Agreement among Georgia Power Company,
Oglethorpe Power Corporation, Municipal Electric Authority of Xxxxxxx xxx Xxxx
xx Xxxxxx, Xxxxxxx dated as of November 12, 1990.
1.1.6 Amended and Restated Nuclear Managing Board Agreement among Georgia
Power Company, Oglethorpe Power Corporation, Municipal Electric Authority of
Georgia and City Dalton, Georgia dated as of July 1, 1993.
1.1.7 Plant Xxx Xxxxxxx Purchase and Ownership Participation Agreement
between Georgia Power Company and Oglethorpe Electric Membership Corporation
dated as of March 26, 1976 ("Xxxxxxx Ownership Agreement").
1.1.8 Plant Xxx Xxxxxxx Operating Agreement between Georgia Power Company
and Oglethorpe Electric Membership Corporation dated as of March 26, 1976.
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1.1.9 Amendment to the Plant Xxx Xxxxxxx Operating Agreements by and among
Georgia Power Company, Oglethorpe Power Corporation, Municipal Electric
Authority of Xxxxxxx xxx Xxxx xx Xxxxxx, Xxxxxxx dated as of January 15, 1995.
1.1.10 Plant Xxx Xxxxxxx Combustion Turbine Agreement between Georgia
Power Company and Oglethorpe Power Corporation dated as of August 2, 1982;
amended by certain Letter Agreements dated as of October 20, 1982 and May 7,
1992.
1.1.11 Plant Xxxxxx X. Xxxxxxx Units Numbers One and Two Purchase and
Ownership Participation Agreement among Georgia Power Company, Oglethorpe Power
Corporation, Municipal Electric Authority of Xxxxxxx xxx Xxxx xx Xxxxxx, Xxxxxxx
dated as of May 15, 1980; Amendment No. 1 dated as of December 30, 1985;
Amendment No. 2 dated as of July 1, 1986; Amendment No. 3 dated as of August 1,
1988; and Amendment No. 4 dated as of December 31, 1990 ("Xxxxxxx Ownership
Agreement").
1.1.12 Plant Xxxxxx X. Xxxxxxx Units Numbers One and Two Operating
Agreement among Georgia Power Company, Oglethorpe Power Corporation, Municipal
Electric Authority of Xxxxxxx xxx Xxxx xx Xxxxxx, Xxxxxxx dated as of May 15,
1980; Amendment No. 1 dated as of December 30, 1985; and Amendment No. 2 dated
as of December 31, 1990.
1.1.13 Plant Xxxxxxx Managing Board Agreement among Georgia Power Company,
Oglethorpe Power Corporation, Municipal Electric Authority of Georgia, City of
Dalton, Georgia, Gulf Power Company, Florida Power & Light Company and
Jacksonville Electric Authority dated as of December 31, 1990.
1.1.14 Rocky Mountain Pumped Storage Hydroelectric Project Ownership
Participation Agreement by and between Oglethorpe Power Corporation and Georgia
Power Company dated as of November 18, 1988 ("Rocky Mountain Ownership
Agreement").
1.1.15 Rocky Mountain Pumped Storage Hydroelectric Project Operating
Agreement by and between Oglethorpe Power Corporation and Georgia Power Company
dated as of November 18, 1988.
2. Waiver of Plant Co-Ownership Agreement Provisions and Consent.
2.1 Oglethorpe as Sole and Exclusive Power Supplier. The ITSA, Power Sale
and Coordination Umbrella Agreement between Oglethorpe and Georgia Power dated
as of November 12, 1990, the Hatch Ownership Agreement, the Vogtle Ownership
Agreement, the Xxxxxxx Ownership Agreement, the Xxxxxxx Ownership Agreement, the
Rocky Mountain Ownership Agreement and the Joint Committee Agreement dated as of
August 27, 1976; as amended as of June 19, 1978 ("Joint Committee Agreement"),
each contains a representation, warranty and covenant of Oglethorpe that
Oglethorpe shall be the sole and exclusive power supplier for each of its 39
members for the term stated in the respective agreements.
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2.2 Waiver of Requirement and Consent. Georgia Power acknowledges that the
New Wholesale Power Contract allows a member to enter into arrangements for the
supply of electricity from entities other than Oglethorpe. Georgia Power hereby
waives the requirement that Oglethorpe remain the sole and exclusive power
supplier for the Member, and consents to the termination of such arrangement. In
addition, Georgia Power agrees not to terminate the Joint Committee Agreement
pursuant to Section 10.1(D) thereof.
2.3 Oglethorpe Indemnification. Oglethorpe hereby indemnifies and holds
Georgia Power harmless from and against any losses, costs, liability, damages,
and expenses (including, without limitation, reasonable attorney's fees and
expenses) of any kind suffered or incurred by Georgia Power pursuant to, as a
result of or in connection with any claim, allegation, complaint, intervention,
lawsuit, administrative action, or other proceeding brought or asserted by any
co-owner of a co-owned generating resource which arises out of Georgia Power's
waiver and consent set forth in Section 2.2 hereof.
3. Agreements Regarding Co-Owned Generating Resources.
3.1 Term of the New Wholesale Power Contract. Notwithstanding Section 12.2
of the New Wholesale Power Contract, the Member and Oglethorpe agree that the
term of the New Wholesale Power Contract shall not be shortened to any date
prior to December 31, 2025, without the consent of Georgia Power, unless the
obligations of Oglethorpe under the existing Plant Co-Ownership Agreements have
been satisfied or Oglethorpe has been released from such obligations.
3.2 Resource Modifications. Member agrees that if (a) a Resource
Modification is made to a Generating Resource covered by the Plant Co-Ownership
Agreements, and (b) Oglethorpe is obligated to participate in such Resource
Modification pursuant to the provisions of the Plant Co-Ownership Agreements,
then such Resource Modification shall be deemed to be required to comply with
Legal Requirements notwithstanding Section 3.4.3(b) of the New Wholesale Power
Contract. If Oglethorpe's consent to a Major Resource Modification is required,
Oglethorpe agrees not to give such consent except after obtaining the requisite
approvals required by Section 3.4.3(b) of the New Wholesale Power Contract.
3.3 Amendments to New Wholesale Power Contract. Oglethorpe will give
Georgia Power written notice at least forty-five days prior to the proposed
effective date of any proposed amendment to the New Wholesale Power Contract.
Without the prior written consent of Georgia Power, Oglethorpe and the Member
will not amend the New Wholesale Power Contract to lessen the responsibility of
the Member under the provisions of Section 2.1 thereof to pay for the electric
capacity allocated to the Member as set forth therein with respect to any
Generating Resource covered by the Plant Co-Ownership Agreements.
3.4. Scheduling Member Requirement. Oglethorpe and the Member agree that
in the event the Member elects to become a Withdrawing Member, the Withdrawing
Member must schedule any entitlement to capacity and energy from any Resource
through Oglethorpe or
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Georgia System Operations Corporation unless Georgia Power provides written
consent to another arrangement.
4. Member Notice Requirements for Withdrawal and Assignment .
4.1 Member Withdrawal From Oglethorpe. Oglethorpe shall deliver to Georgia
Power a copy of the Member's Notice of Intent to Withdraw as a member of
Oglethorpe within ten days of receipt of such notice by Oglethorpe.
4.2 Member Assignment of New Wholesale Power Contract. Oglethorpe shall
deliver to Georgia Power written notice of any receipt by it of a proposal by
the Member to assign its rights and duties under the New Wholesale Power
Contract at least ten days prior to any consent by Oglethorpe to such
assignment.
5. Miscellaneous.
5.1 Conditions Precedent to Effectiveness. The respective obligations of
the parties under this Agreement are conditioned upon the execution of
Supplemental Agreements to the Amended and Restated Wholesale Power Contract in
the form of this Agreement by each of the members of Oglethorpe that have
entered into a New Wholesale Power Contract. This Agreement shall become
effective when all such Supplemental Agreements have been fully executed, and
approved by the Administrator of the Rural Utilities Service.
5.2 References. For the purposes of this Agreement, each reference to the
"Member" or "member" shall also include those entities specified in Section 18.2
of the New Wholesale Power Contract.
5.3 Waiver. No party shall be deemed to have waived any provision of this
Agreement unless such waiver shall be in writing and signed by the party charged
with the waiver. No waiver shall be deemed to be a continuing waiver unless so
stated in writing.
5.4 Assignment. This Agreement and the rights and obligations under this
Agreement shall be assigned or transferred by the Member to any assignee or
transferee of the Member which succeeds to its rights and obligations under the
New Wholesale Power Contract, and such assignee or transferee shall agree to be
bound by the terms hereof. This Agreement shall be binding on and inure to the
benefit of the permitted successors and permitted assigns of the other parties.
5.5 Applicable Law. This Agreement shall be governed by and construed in
accordance with the law of the State of Georgia, excluding conflict of laws
principles that might require application of the laws of another jurisdiction.
5.6 Amendments. No change, amendment or modification of this Agreement
shall be
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valid or binding upon the parties unless such change, amendment or modification
shall be in writing and duly executed by the parties.
5.7 Severability. If any provision of this Agreement is void or
unenforceable, the remainder of this Agreement shall not be affected thereby.
5.8 RUS Approvals. This Agreement shall be of no force or effect until it
is approved in writing by the Administrator of the Rural Utilities Service.
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IN WITNESS WHEREOF, the undersigned parties have duly executed this
Agreement as of the date first above written.
GEORGIA POWER COMPANY
[CORPORATE SEAL] By: /s/ Xxxx X. Xxxxxxxx
--------------------------------
Xxxx X. Xxxxxxxx, Senior Vice
President
ATTEST:
/s/ Cherry X. Xxxxxxx
-------------------------------------
Name: Cherry X. Xxxxxxx
Title: Assistant Corporate Secretary
OGLETHORPE POWER CORPORATION
(AN ELECTRIC MEMBERSHIP
GENERATION & TRANSMISSION
CORPORATION)
[CORPORATE SEAL] By: /s/ X.X. Xxxxxxx
--------------------------------
X.X. Xxxxxxx, President and
Chief Executive Officer
ATTEST:
/s/ Xxxxxxxx X. Xxxx
-------------------------------------
Xxxxxxxx X. Xxxx, Assistant Secretary
ALTAMAHA ELECTRIC MEMBERSHIP
CORPORATION
[CORPORATE SEAL] By: /s/ Xxxx Xxxxxxx
--------------------------------
Name: Xxxx Xxxxxxx
Title: President
ATTEST:
/s/ Xxxxxxx Xxxx
-------------------------------------
Name: Xxxxxxx Xxxx
Title: Secretary-Treasurer
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SCHEDULE TO EXHIBIT 10.8.3
AMENDED AND RESTATED
SUPPLEMENTAL AGREEMENT
Schedule of Substantially Identical
Amended and Restated Supplemental Agreements
for the Electric Membership Corporations
dated January 1, 1997
1. Amicalola EMC
2. Canoochee EMC
3. Xxxxxxx EMC
4. Central Georgia EMC
5. Coastal EMC
6. Xxxx EMC
7. Xxxxxxxx EMC
8. Coweta-Fayette EMC
9. Excelsior EMC
10. Flint EMC
11. Xxxxx EMC
12. Greystone Power Corporation,
an EMC
13. Habersham EMC
14. Xxxx EMC
15. Xxxxx EMC
16. Xxxxxxx EMC
17. Jefferson EMC
18. Xxxxx EMC
19. Little Ocmulgee EMC
20. Middle Georgia EMC
21. Xxxxxxxx EMC
22. Ocmulgee EMC
23. Oconee EMC
24. Okefenoke EMC
25. Pataula EMC
26. Planters EMC
27. Xxxxx EMC
28. Satilla Rural EMC
29. Sawnee EMC
30. Slash Pine EMC
31. Snapping Shoals EMC
32. Sumter EMC
33. Three Notch EMC
34. Tri-County EMC
35. Xxxxx EMC
36. Xxxxx EMC
37. Xxxxxx EMC
38. Washington EMC
