MEMORANDUM OF UNDERSTANDING No. X-TIP-XJanuary 30th, 2018
FiledJanuary 30th, 2018Whereas, Section 402 of the American Recovery and Reinvestment Act of 2009 (Public Law 111-5)(Recovery Act), as codified in Section 301 of the Hoover Power Plant Act of 1984 (Public Law 98-381)(Hoover Act), provides the Administrator of the Western Area Power Administration (WAPA) with discretion to borrow up to $3.25 billion from the United States Treasury for purposes of constructing, financing, facilitating, planning, operating, maintaining, or studying construction of new or upgraded electric power transmission lines and related facilities with at least one terminus in WAPA’s service territory that will deliver or facilitate the delivery of power generated by clean energy resources constructed or reasonably expected to be constructed after the date of enactment of Section 402 of the Recovery Act; and