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11/26/2013 Resolutions 2013-387 RESOLUTION 2013-387 WHEREAS, in 2009, all large Nebraska utilities including Nebraska Public Power District, Omaha Public Power District and Lincoln Electric Systems officially joined Southwest Power Pool (SPP); and WHEREAS, SPP is a regional transmission operator that allows participants to buy and sell power directly into the market; and WHEREAS, SPP plans to deploy a new Integrated Market starting March 1,2014 that will require utilities to provide next day forecasting and pricing information in an effort to utilize the lowest cost energy for load; and WHEREAS, with the onset of the integrated market, SPP will serve Grand Island's load requirements and dispatch its generating units as required to provide for the system's demand; and WHEREAS, the City of Grand Island has completed several forms and necessary credit information in order to become a Market Participant in the SPP IM; and - WHEREAS, an agreement is needed to establish correct contact information and terms and conditions. NOW, THEREFORE,BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA, that the SPP Market Participant Agreement be approved and signed to allow participation in the upcoming Integrated Market. Adopted by the City Council of the City of Grand Island, Nebraska,November 26, 2013. // Ja, av cek, Mayor Attest: QZ.Th cLo— Q_CA. -- RaNae Edwards, City Clerk Approved as to Form ❑ November 25,2013 a City orney