PARTIAL ASSIGNMENT OF
BRADLEY LAKE HYDROELECTRIC PROJECT
AGREEMENT FOR THE WHEELING OF ELECTRIC POWER
AND FOR RELATED SERVICES
This agreement for partial assignment is made as of the 30th day
of
June, 2003, between Alaska Electric
Generation and Transmission Cooperative,
Inc. ("Assignor") and Alaska Electric and
Energy Cooperative, Inc.("Assignee").
WHEREAS, on December 8, 1987, Assignor entered into a contract
with Chugach Electric Association, Inc.
("Chugach"), Golden Valley Electric
Association, Inc. ("GVEA"), the
Municipality of Anchorage d/b/a Municipal Light
and Power ("ML&P"), the City of Seward
d/b/a Seward Electric System ("SES"),
Homer Electric Association, Inc. ("HEA")
and Matanuska Electric Association,
Inc. ("MEA"), titled Bradley Lake
Hydroelectric Project Agreement for the
Wheeling of Electric Power and Related
Services ("Services Agreement"), wherein
Chugach agreed to provide, and Assignor,
GVEA, ML&P, SES, HEA and MEA agreed to
purchase, under the terms set forth in the
Services Agreement (a copy of which
is attached to this agreement), wheeling,
storage and energy purchase services;
WHERRAS, Assignor has the right to avail itself, under
appropriate circumstances of the wheeling,
storage and energy purchase services
provided by Chugach under the Services
Agreement to provide the wholesale power
needs of HEA pursuant to the terms of a
wholesale power agreement between
Assignor and HEA;
WHEREAS, Assignee has obtained from the Regulatory Commission
of
Alaska ("RCA") a certificate of public
convenience and necessity to serve as the
wholesale power provider of HEA;
WHEREAS, Assignee and Assignor also have obtained approval by
the RCA of a new wholesale power agreement
between Assignee and HEA under which
Assignee will serve the wholesale power
needs of HEA, and rescission of the
current wholesale power agreement between
Assignor and HEA;
WHEREAS, Assignor intends to transfer the majority of its
assets
held for the benefit of HEA to Assignee;
and
WHEREAS, the Services Agreement is by its terms assignable with
the consent of the parties to that Services
Agreement, and Assignee desires to
acquire certain of the rights and is
willing to assume the obligations of
Assignor for the merit of HEA under the
Services Agreement.
NOW, THEREFO
