1-24-2002-12.16 - Resolution - 01/24/2002 RESOLUTION NO.1 -24- 2002 -12.16
A RESOLUTION OF THE CITY OF COLLEGE STATION, TEXAS, AUTHORIZING
THE MAYOR TO SIGN A LETTER OF CONSENT TO THE ASSIGNMENT OF THE
POWER SUPPLY AGREEMENT BETWEEN TXU ELECTRIC COMPANY AND
THE CITY OF COLLEGE STATION TO TXU GENERATION COMPANY LP.
WHEREAS, the City of College Station purchases power from TXU Electric Company under a
Power Supply Agreement Between Texas Utilities Electric Company (now TXU Electric
Company) and the City of College Station, Texas, dated September 14, 1995 (the "Agreement ");
and
WHEREAS, TXU Electric Company is required to unbundle its business into separate
corporations by January 1, 2002, as defined under the Texas Utilities Code, as amended by Senate
Bill 7 in the 1999 Legislature; and
WHEREAS, under a business separation plan approved by the Public Utility Commission of
Texas, the TXU Generation Company LP, a Texas limited partnership, will assume all of the
obligations and interests of TXU Electric Company under the Agreement; and
WHEREAS, under the terms of Section 13.03(b) of the Agreement, TXU Electric Company will
not be released from liability on the Agreement by virtue of the assignment.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS:
That the Mayor is authorized to sign a Letter of Consent to the assignment of the obligations and
interests of TXU Electric Company under the Agreement to TXU Generation Company LP, as
provided under Article XIII, Section 13.03, "Successors and Assigns," of the Agreement.
ADOPTED this 24 day of January, A.D. 2002.
ATTEST: APPROVED:
6 )11W(14---
CONNIE HOOKS, City Secretary LYNN cILHANE , Mayor
APPROVED:
E- Signed by Carla A. Robinson 11)
City Attorney