FIRST AMENDMENT TO POWER SALES CONTRACT Executed by PUBLIC UTILITY DISTRICT NO. 2 OF GRANT COUNTY, WASHINGTON and PUGET SOUND POWER & LIGHT COMPANY
Exhibit
10.6
FIRST AMENDMENT TO POWER
SALES CONTRACT
Executed
by
PUBLIC UTILITY DISTRICT NO.
2
OF GRANT COUNTY,
WASHINGTON
and
PUGET SOUND POWER &
LIGHT COMPANY
This
agreement entered into this 5th day of August 1958, by Public Utility District
No. 2 of Grant County, Washington (hereinafter called "the District"), a
municipal corporation of the State of Washington, and Puget Sound Power &
Light Company (hereinafter called "the Purchaser"), a corporation organized and
existing under the laws of the State of Massachusetts.
WITNESSETH:
WHEREAS,
the parties hereto did enter into a Power Sales Contract dated the 21st day of
May, 1956, relating to the sale of a portion of the output of the Priest Rapids
Development, and said contract contemplated that the Priest Rapids Development
initially would consist of eight (8) generating units; and
WHEREAS,
it now appears that ten (10) instead of eight (8) generating units can be
installed initially in the Priest Rapids Development; and
WHEREAS,
it appears that the initial installation of two additional generating units in
the Priest Rapids Development as a part of the construction of the Development
will not impair or adversely affect the security afforded the bondholders by the
provisions of the May 21, 1956 contract between the parties hereto, or by
the Bond Resolution adopted by the District June 19, 1956.
NOW,
THEREFORE, in consideration of the agreements hereinafter set forth and the
performance thereof, the parties hereto do agree:
-I-
That the
Purchaser hereby consents to the installation of and the District agrees to
install ten (10) rather than eight (8) generating units in the Priest
Rapids Development.
-II-
That the
Power Sales Contract between the parties dated May 21, 1956, shall apply to
ten (10) rather than eight (8) generating units and the reference to "the
first eight (8) main turbine generator units" in Section 2(b) thereof be
and it is hereby amended to "the first ten (10) main turbine generator
units."
-III-
That
Section 5 of the Power Sales Contract between the parties dated
May 21, 1956, shall remain unchanged.
-IV-
That this
agreement shall not become effective until all of the Power Purchasers named in
Exhibit "A" to the Power Sales Contract between the parties dated May 21,
1956, have entered into agreements with the District identical in effect to this
agreement.
IN
WITNESS WHEREOF, the parties hereto have caused this instrument to be executed
by their duly authorized officers the day and year first above
written.
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(SEAL)
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PUBLIC
UTILITY DISTRICT NO. 2
OF
GRANT COUNTY, WASHINGTON
By /s/ F. Wm.
▇▇▇▇
President
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ATTEST:
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By /s/ Wm. ▇▇▇▇▇▇▇
Secretary
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(SEAL)
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PUGET
SOUND POWER & LIGHT COMPANY
By /s/ ▇▇▇▇▇
▇▇▇▇▇▇▇▇▇▇
Executive Vice President
(Title)
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ATTEST:
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By /s/
▇▇▇▇▇ ▇. ▇▇▇▇▇
Secretary (Title)
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