20180824Supplement Amendment No 3.pdf

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Avista Corp.
141 I East Mission P.O.Box 3727
Spokane. Washington 99220-0500
Telephone [phone]
Toll Free 800-727-9110
August 23,2018
Diane Hanian, Commission Secretary
Idaho Public Utilities Commission
W. 472 Washington Street
Boise, Idaho 83720
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Re:Supplement to Amendment No. 3 to City of Cove Power Purchase Agreement
IPUC Case No. AVU-E-18-05
Dear Ms. Hanian:
Attached for filing with the Commission is an electronic copy of Avista Corporation,
doing business as Avista Utilities ("Avista" or "Company"), Amendment No. 3 to the power
purchase agreement ("PPA") with the City of Cove, Oregon ("City"). It has come to Avista's
attention that the rates in Exhibit B were not the correct avoided cost rates. Amendment 3
deletes and replaces Exhibit B in its entirety. The change in the rates in Exhibit B also impact
the amount of security that is required to be posted. Accordingly, Amendment 3 also deletes and
replaces Exhibit H in its entirety.
An original and seven (7) are being provided via overnight mail. Please direct questions
on this matter to Michael Andrea at [phone] or myself at [phone].
Sincerely,
/y/LL4^"dnrM. Genw&
Senior Manager of Regulatory Policy
Avista Utilities
I inda. servais@avistacorp. com
509-495-497s
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AMENDMEITT NO. 3
This AMENDMENTNO, 3 ("Amendment 3") to the Power Purchase Agreement
("Agreemenf') between Avista Corporation ("Avista") and the City of Cove, Oregon ('City"), is
entered into by the Parties and this Arnendment shall be effective on August A3 2018, or such
other date as set by the Commission.
RECITALS
WHEREAS, the Parties entered into the Agreement, under which the City is to deliver
and sell, and Avista will purchase, elechic energy generated from Seller's Facility; and
WHEREAS, it has come to the Parties attention that certain terms of the Agreement are
incorrect and need to be corrected:
NOW THBREFORE, it is agreed as follows:
AGREEMENT TO AMEND
l. The Agreement was fi.rlly executed on June 13, 2018. Based on the date that the
Agreement was fuIly executed, and Schedule 62 of Avista's Idaho tadfi, the Avoided Cost Rates
specified iu Exhibit B to the Agreement are inconect, Accordingly, the Parties amend the
Agreement by deleting all prior versions of Exhibit B to the Agreement in their entirety. The
Exhibit B attached hereto as Attachment I shall replace all prior versions of Exhibit B.
2. The revised Avoided Cost Rates impact the amount of the estimated security
deposit required by the Agreement as set out in Exhibit H to the Agreement. Accordingly,
Exhibit H to the Agreement is deleted in its entirety and is replaced by the Exhibit H that is
attached hereto as Attachment?.
3. Except as exprcssly amended by the provisions set forth in this Amendment 3, all
of the terms and conditions of the Agreement shall remain in full force and effect following
exeoution of this Amendment 3 and each Party confrms, ratifies and approves the Agteement as
arnended by this Ameadment 3. Ail capitalized terms used herein and not otherwise defined
shall have the respective meanings given to such terms in the Agreement. For the avoidance of
doubt, this Amendment 3 is hcreby incorporated in the Agreement and, as of the effective date of
this Amendment 3, all references to the Ageement shall !s deemed to be references to the
Agreement as amended,
3. This Amendment 3 may be executed in two (2) or more counterpafis, each of
which shall be deemed as an original and together shall constitute one and the sarne document.
IN WITNESS WHEREOF, the Parties have caused this Amendment 3 to be executed
by their duly authorized representatives as of the date first set forth above,
Page - 1 AMENDMENT NO. 3 TO POWER PURCHASE AGREEMENT BETWEEN
AVISTA COFJORATION AND THE CITY OF COVE, OREGON
8/21/18
CITY OF COVE, OREGON AVISTA CORPORATION
nyr Don.;nr. ,.\. l-o---, i ,By:
Printed Name:PrintedName: Chr,':,\€.{r Drq.F{
Title:t\f Title: fr.Ino\esate tAqr
Page - 2 AMENDMENT NO. 3 TO POWER PURCHASE AGREEMENT BETWEEN
AYTSTA CORPORATION AND THE CITY OF COVE, OREGON
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Exhibit B
Avoided Cost Rates For Non-f,'uelgd Proiects Smaller Than Ten Average Mesawatts.-
Levelized that are aonlicFblq to non-seasonal hvdroelectric OFs
Contract
Len4h
Levelized
Price
Season 1 Pricing
(108%)
Season 2 Pricing
(84%l
Jul-Feb Mar-Jun
20 years $+e.u Ss1.96 S40,41
ATTACHMENT 2
Exhibit H - Estimated Security Deposit by Year'
See attached spreadsheet
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