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EX-10.31: AMENDED MASTER POWER PURCHASE AND SALE AGREEMENT

Power Purchase Agreement

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NRG ENERGY, INC.

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Title: EX-10.31: AMENDED MASTER POWER PURCHASE AND SALE AGREEMENT
Governing Law: New York     Date: 3/7/2006
Industry: ELECTU    

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EX-10.31
 

Exhibit 10.31

***

 

Indicates materials have been omitted pursuant to a Confidential Treatment Request filed with the Securities and Exchange Commission. A complete copy of this Agreement has been filed with the Securities and Exchange Commission.


 

EXECUTION COPY

MASTER POWER PURCHASE AND SALE AGREEMENT

COVER SHEET

This Master Power Purchase and Sale Agreement (“Master Agreement”) first was entered into as of July 21, 2004 (“Effective Date”) and was amended and restated in its entirety on February 2, 2006 (“Restatement Date”). The Master Agreement, together with the exhibits, schedules and any written supplements hereto, the Party A Tariff, if any, the Party B Tariff, if any, any designated collateral, credit support or margin agreement or similar arrangement between the Parties and all Transactions (including any confirmations accepted in accordance with Section 2.3 hereto) shall be referred to as the “Agreement.” The Parties to this Master Agreement are the following:

 

 

 

Name (“J. ARON & COMPANY” or “Party A”)

All Notices: J. ARON & COMPANY
Street:          85 Broad Street
City:             New York, N.Y. Zip: 10004

Attn: Commodity Operations
Phone: (212) 902-8986
Facsimile: (212) 344-3457
Duns: 06-698-0312
Federal Tax ID Number: 133092284

Invoices: J. Aron & Company
      Attn: Contract Execution Dept.
      Phone: (212) 357-5110
      Facsimile: (212) 428-1991

Scheduling: J. Aron & Company
      Attn: Power Scheduling
      Phone: (212) 902-1454
      Facsimile: (917) 454-2595

Payments: J. Aron & Company
      Attn: Contract Execution Dept.
      Phone: (212) 357-5110
      Facsimile: (212) 428-9571

Wire Transfer: J. Aron & Company
      BNK: CITIBANK, NA
           399 Park Avenue
           New York, N.Y.
           A/C J. ARON & CO.
           NEW YORK
           ABA: 021000089
           ACCT: 09292521

Credit and Collections: J. Aron & Company
      Attn: Credit Risk Management — Power
      Phone: (212) 855-0990
      Facsimile: (212) 493-0821

 

Name (“Texas Genco II, LP, “Counterparty” or “Party B”)

All Notices: Texas Genco II, LP
Street:          1301 McKinney, Suite 2300
City:             Houston, TX  Zip: 77010

Attn: Contract Administration
Phone: (713) 795-6074
Facsimile: (713) 795-7482
Duns: 16-845-6049
Federal Tax ID Number: 34-2019301

Invoices: Texas Genco II, LP
      Attn: Settlements
      Phone: (713) 795-6144
      Facsimile: (713) 795-7482

Scheduling: Texas Genco II, LP
      Attn: Day Ahead Desk
      Phone: (713) 795-6314
      Facsimile: (713) 795-7488

Payments: Texas Genco II, LP
      Attn: Settlements
      Phone: (713) 795-6144
      Facsimile: (713) 795-7482

Wire Transfer: Texas Genco II, LP
      BNK: JP Morgan Chase
      ABA: 113 000 609
      ACCT: 000 000 113 290 523

Credit and Collections: Texas Genco II, LP
      Attn: Credit Department
      Phone: (713) 795-6200
      Facsimile: (713) 795-7441

 

 

 

 

With additional Notices of an Event of Default or

 

With additional Notices of an Event of Default or


 

2

* * *

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Potential Event of Default to:

 

 

 

Potential Event of Default to:

 

 

 

 

Attn: Credit Department

 

 

 

 

 

Attn: Credit Department

 

 

Phone: (212) 902-1800

 

 

 

 

 

Phone: (212) 902-1800

 

 

Facsimile:

 

 

 

 

 

 

 

Facsimile:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

J. Aron & Company

 

 

 

 

 

 

 

 

 

 

 

 

One New York Plaza

 

 

 

 

 

 

 

 

 

 

 

 

New York, NY 10004

 

 

 

 

 

 

 

 

 

 

 

 

Attn: Steven M. Bunkin, Esq.

 

 

 

 

 

 

 

 

 

 

 

 

Phone: (212) 902-0952

 

 

 

 

 

 

 

 

 

 

 

 

Facsimile: (212) 428-3675

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Confirmations:

 

 

 

Confirmations:

 

 

 

 

Attn:

 

 

 

 

 

Attn:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Phone:

 

 

 

 

 

Phone:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Facsimile:

 

 

 

 

 

Facsimile:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

3

* * *

The Parties hereby agree that the General Terms and Conditions are incorporated herein, and to the following provisions as provided for in the General Terms and Conditions:

Party A Tariff                Tariff: None                Dated   Docket Number

Party B Tariff                Tariff: None                Dated    Number

 

Article Two

 

 

 

 

 

Transaction Terms and Conditions 

 

[ ]      Optional provision in Section 2.4. If not checked, inapplicable.

 

 

 

 

Article Four

 

 

 

 

 

Remedies for Failure
to Deliver or Receive 

 

[ ]      Accelerated Payment of Damages. If not checked, inapplicable.

 

 

 

 

Article Five

 

[ ] Cross Default for Party A:

 

 

 

Events of Default; Remedies

 

 

 

 

 

 

 

[ ] Party A: Applicable            Cross Default Amount

 

 

 

 

 

[ ] Other Entity:                       Cross Default Amount

 

 

 

 

 

[ ] Cross Default for Party B:

 

 

 

 

 

[ ] Party B: ____________Cross Default Amount $ ____________

 

 

 

 

 

[ ] Other Entity: ____________ Cross Default Amount $ _________________

 

 

 

 

 

5.6 Closeout Setoff

 

 

 

[ ] Option A (Applicable if no other selection is made.)

 

 

 

 

 

 

 

[ ] Option B — Affiliates shall have the meaning set forth in the Agreement unless otherwise specified as follows: ____________________________

 

 

 

 

 

 

 

[ ] Option C (No Setoff)

 

 

 

 

 

 

Article 8 

 

8.1 Party A Credit Protection:

Credit and Collateral Requirements 

(a) 

 

Financial Information:

 

 

 

 

[ ] Option A

 

 

 

 

 

 

 

[ ] Option B            Specify:

 

 

 

 

 

 

 

[ ] Option C            Specify: _________

 

 

 

 

 

(b)

 

Credit Assurances:

 

 

 

 

 

 

 

[ ] Not Applicable

 

 

 

 

 

 

 

[ ] Applicable

 

 

 

 

 

(c)

 

Collateral Threshold:

 

 

 

 

 

 

 

[ ] Not Applicable

 

 

 

 

 

 

 

[ ] Applicable


 

4

* * *

 

(d)

 

Downgrade Event:

 

 

 

 

 

 

 

[ ] Not Applicable

 

 

 

 

 

 

 

[ ] Applicable

 

 

 

 

 

(e)

 

Guarantor for Party B:

 

 

 

 

 

 

 

Guarantee Amount:

 

 

8.2 Party B Credit Protection:

 

 

(a)

 

Financial Information:

 

 

 

 

 

 

 

[ ] Option A

 

 

 

 

 

 

 

[ ] Option B Specify: _________

 

 

 

 

 

 

 

[ ] Option C Specify: _________

 

 

 

 

 

(b)

 

Credit Assurances:

 

 

 

 

 

 

 

[ ] Not Applicable

 

 

 

 

 

 

 

[ ] Applicable

 

 

 

 

 

(c)

 

Collateral Threshold:

 

 

 

 

 

 

 

[ ] Not Applicable

 

 

 

 

 

 

 

[ ] Applicable

 

 

 

 

 

(d)

 

Downgrade Event:

 

 

 

 

 

 

 

[ ] Not Applicable