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2017-278ORDINANCE NO. 2017 - 2017-27g AN ORDINANCE OF THE CITY OF DENTON ("CITY") AUTHORIZING THE MAYOR TO ACT ON THE CITY'S I3EHALF IN EXECUTING AN AMENDMENT TO THE JOINT OPERATING AGREEMENT (THE "JOA") BY AND BETWEEN, AND AMONG, TEXAS MUNICIPAL POWER AGENCY (THE "AGENCY") AND THE CITIES OF BRYAN, DENTON, GARLAND, AND GREENVILLE (THE "PARTIES") AND ACKNOWLEDGING EFF�CTIVE NOTICE FROM THE AGENCY REGARDING ITS INTENT TO ISSUE TRANSMISSION DEBT (AS DEFINED IN THE JOA) AND APPROVING SUCH ISSUANCE BX THE AGENCY. WHEREAS, the Parties have previously entered into the JOA; and WHEREAS, amendment No. 1 to the JOA ("Amendment No. 1") has been conditionally approved by the Parties, but such Amendment No. 1 provided that it would have no force or effect if the "Generation Asset Sale," as defined in and contemplated by Atnendment No. 1, should be terminated or does not close; and WHEREAS, the Parties have agreed to the terms of amendment No. 2 to the JOA ("Amendment No. 2") to accomplish certain purposes, to-wit: to (1) provide for the sale of portions of TMPA's Transmission System, in a piecemeal manner, but subject to applicable bond covenants of the Agency that govern the sale of portions of the Transmission System and (2) correct and clarify certain provisions of the JOA that pertain to Mine Reclamation Bonds and (3) clarify certain dates with respect to the Agency's budgeting process and (4) enable seasonal operation of the Agency's generating assets; and WHEREAS the Generation Asset Sale, as contemplated by Amendment No. 1, has been terminated and will not close, and therefore, by the terms thereof, Amendment No. 1 is of no force and effect as of the effective date of Amendment No. 2; and WHEREAS, in conformance with Section 2.6.2.5 of the JOA, the Agency has given timely and effective notice, in the form attached hereto as Attachment B, to the City with respect to its intent to issue Transmission Debt as defined in the JOA consisting of the 2017 Refunding Bonds and the 20l 7 Notes, as described in Attachment B hereto; THE COUNCIL OF THE CITY OF DENTON, TEXAS HEREBY ORDAINS: SECTION 1. Tl�e recitals in tne preamble are true and correct. ��;(::°"["1(�7�J �. The City of Dei�ton hereby approves and authorizes the Mayor to execute Amendment No. 2 to the JOA in substantially tl�e form and substance shown in Attachment A. `��, C:,`, I��;�Jw:�, The City of Denton hereby acknowledges timely and effective receipt of notice of intent in the form attached hereto as Attachment B from the Agency with respect to the issuance of Transmission Debt and consents to the issuance of such Transmission Debt on the terms described iu Attachment B. SECTION 4. This Ordinance shall become effective immediately upon execution. PASSED AND APPROVED this the ���day of , 2017. � �" � .... ��' � �.��k������� ���. CHRIS WATTS, MAYOR ATTEST: JENNIFER WALTERS, CITY SECRETARY , � � � APPROVED AS TO LEGAL FORM: AARON LEAL, INTERIM CITY ATTORNEY � AMENDMENT NO. 2 TO THE JOINT OPERATING AGREEMENT BETWEEN TEXAS MiJNICIPAL POWER AGENCY AND CITY OF BRYAN, TEXAS CITY OF DENTON, TEXAS CITY OF GARLAND, TEXAS GITY OF GREENVILLE, TEXAS This Amendrnent Na. 2("Amendment No. 2"), effective as of the date set forth below, to the Joint Operating Agreement, effective September 1, 2016 (as conditionally amended by the Amendmenz No. 1 to the JOA, effective September 15, .2016 ("Amendment No. 1") .and as � amended by this Amendme.nt No. 2(the "JOA" or the "Joint Operating Agreement"); is tnade and enter.ed into between the Texas Municipal Power Agency ("TMPA" or "Agency"J, a municipal corporation and political subdivision of the State of Texas established pursua.nt to the provisions of Chapter l b3 of the Texas Utilities Code, and the City of Bryan, the City of Denton, the City of Garland, and the C�ty of Crreenville, Texas (herein collectively "Cities" or individually "Cit�'), each of which cities is a municipal corporation of the State of Texas, a home rule city, and a Partieipating Pubiic Entity in TMPA (collective�y, the "Parties"). Capitalized terrns used in this Amendment No. 2 not otherwise defined herein shall have the definition set forth in the JOA. WITNESSETH: WHEREAS, the Parties have previously entered into the JOA; and WHEREAS, Amendrnent No. 1 provided that.Amendment No. 1 would have no force.or effect if the Generation Asset Sale; as defined in and contemplated by Amendment No. 1, is terminated or does not close;.and WHEREAS the Generation Asset Sale, as contemplated by Amendment No. 1, will not close, and therefore, by the terms thereo� Amendment No. 1 is of no force`and effect as of the Effective Date (as defined below) of this Amendment No. 2,• and WHEREAS; the Parties have agteed to this Amendment No: 2 to accomplisfi certain purpo.ses, to-wit: to (1) provide for the sale of portions of TMPA.'s Transmiss�on System, in a piecemeal manner, but subject to certain bond covenants described below that govern the Sale of portions of the Transmission System and (2) correct and clarify certain provisions of fhe JOA fhat pertain.to Mine Reclamation Bonds; and Page 1 of 9 WHEREAS, this Amendment No. 2 shall be deemed delivered and effective, assuming the approval and execution of identicai resolutions by each of the Parties, on #he date that this Amendment No. 2 is executed by the last Party to do so, being the "Ef�ective Date" of this Amendment No. 2; and . NO�V, THEREFORE, in consideration of the :recitals set forth above, the mutual covenants, benefits, agreements and obligations ofthe Parties, as set forth herein, the Parties, each intending to be legally bound, agree as follows: Section 1. In accordance with the preambles hereof, concurrently with the Effective Date. hereof, the provisions of Amendment No. 1 shail be null and void, without fu�ther effectiveness. � Section.2. Article .I of the JOA is hereby atr�ended by modifying or adding to the definitions set forth therein as shown below: "Mine Reclamation Sonds" shall mean any Debt issued for the purpose of rnine reclama#ion or ar�y obligations related thereto, inciuding any "credi# agreements" as defined in Section 137i.fl01(1), Texas Government Code. "Series 2010 Bo�d Resolution" shall mean the applicable Re�olution No. 2fl 10-6-2 advpted by the TMPA Board on June 24, 2010. "Transmission Asset" shall have t�e same meaning set forth in the Series 2010 Bond Resolution . for the term "Transmission Facilities," and such term may be used interchangeabiy herein witi� the term "Transmission Facilities," including singular ans� plural variations o�such terms. Section 3. � Section 2.6.i.1 and 2.6,1.2 are a�tended to read as follows: "2.6.1. BUDGETING ANi� COST RECOVERY. 2.6.1.1. FOR THE PERIOD FROM THE EFFECTIVE DATE AND ENDING SEPTEMBER 1, 2018. For the .period effective October 1; 2016; and annually thereafter to September 1, 2018, the.TMPA Board shall adopt annual budgets; by business category. For periods prior to September 2, 2018, sueh Annual Budgets sha,ll be for informatior�al purposes. Recovery of t�e costs of Agency operations for this periQd shall be through the (i) Annua.l System Costs under the Power Sa1es Contract of the Agency and (ii) Transmission Revenues. From the E#�fective Da�e through September 1, 2018, funds otherwise available to � be retucned to the Cities under Section 7(a)(3) of �he Power Sales Cornract sl�all be applied to the following uses: (i) first, to fund the Decommissioning Reserve Account up to the cap for that accourrt as stated in Section 5.5, and (ii).then, to fund the Indemnity Reserve Account up to the cap for that account as staxed in Section 6.5. Any net proceeds.rema.itung after�the obligations described iri (i)-(ii) shall-be apportioned to each Participating Public EnEity based on the following percentages: Bryan - 21.7%; Denton - 213%; Garland - 47%0; Greenville - 10%. Page 2 of 9 2.6.1:2. FOR PERIODS COMMENCING FROM AND AFTER SEPTEMBER 2, 2018: Cammencing Septeznber 2, 2018, and for eaeh fiscal year thereafter, the TMPA Baard sha.11 adopt budgets by business category, and adopt charges for the recovery of the costs of operations by business category, according to the spec�c requirements in Articles III, N, and V, re�spectively." 5eetion 4. Section 2.6.2.5 ofthe JOA is amended to read as follows: "2.6.2.5. LIMITATIONS ON DEBT. From and after September 1, 2016, the Agency shall not incur any form ofDebt other than Transmission Debt, whether bonds, notes, a new commercial paper program or increase in an existing commercial paper program, or obliga#ion for borrovved money of any kind, unless such Debt is: (1) attributed to a single business categoty, (2) approved by a Super Majorit3� Vote of the TMPA Board and by concurrent resolutions of.each Participating Pubiic Entity in the business category to whic� the debt is attributed, and (3) secured soiely by assets or revenues or operations of.the business category to which it is attributed. From and after . September 1, 2016, the Agency shall nof incur any form of Transmission Debt, whether bonds, notes, commercial paper or obligations of any kind, un�ess: (1) prior notice ofat least 60 days has � been given to each Participating Pubiie Entity in the Transmission Business category of the proposed issuance of such Transmission Debt, which notice shall incluc�e the princi�al terms.on which such.Debt is proposed to be issued, and (2) such pro:posed Transmission Debt is: (ij after Septem�er 1, 2018, .payable solely from Transmission Revenues,. and (ri) approved by a Super Majority Vote of the T1V1PA Board . The restrictions in tlnis Section relating to Debt shall not apply to Mi�e Reclamation Bonds, surety bonds, banlcing agreements, letters of credit, or other financial commitmex�t reiated to providing financial .security or assurance for the TMPA's mine re,clamation responsibiliiies. For clarification, A�proval of the Participating Public Entities shall not be req.uired for (1} the issuance -by TMPA of Transmission Ilebt or (2) the :issuance by TMI'A of commercial paper notes under a commercial paper program established prior to September i, 2016, ttiat is: (A) payabie in full on or before Septernber 1, 20.i8 or (B) by its terms; to be converted to Transmission Debt on or before October l, 2018." Section 5. Section 2.6:2.b of the JOA is amended to read as follows: "2.6.2:6. LINiITATIONS ON OTHER NEW LONG-TERM OR SIGNIFICANT OBLIGATIONS. �n addition to the limitations on incurrence of Debt provided in Section 2.6.2.5, from and a$er Septernber 1, 2416, the Agency shall not incur any other form of long-term obiigation unless such obligation is: (1) attributed to a single business category, (2) approved by a Super Majority Vote of the TMPA Board and by concurre� ordinances of each Participating . Public Entity in the business category to which .the obligation is attributed, and (3) secured solely by assets and/or revenues of the business category to which it is attributed. .For purposes of this paragraph 2.6.2.6, "long=term or sign�cant ob�igation" shall mean any contract or other form of obligation (i) having a term in excess of twenty-four (24) months unless the contract may be cancelled by the Agency for convenience without penalty at any time after tihe giving of notice and the e�iration of a contractual notice.period.not to exceed one hundred twenty (120) .days, or (ri) in an amount:in excess often miliion ($10,000,000.00) doliars. The restrictions in this Section relating to long-term or significant obligations shall not appiy to Mine Reclamation Bonds, surety Page 3 of 9 bonds, banking agreements, letters of credit, or other imancial commitment related to providing imancial security or assurance for the TMPA's mine reclamation responsibilities." Section 6. Section 3.2.1 of the JOA is amended to read as follows: "3.2.1. BUL?GETiNG AND OPERATIONS. From and after the Effective Date through Septemb�r 1, 2018, charges for recoupment of such costs as are included in the Annual Budget for the Mining Business category, including any debt service on any Mine Reelamation Bonds. and any other costs related to surety bonds, banking agreements, letters of credit; or other imancial commitment related to providing financial seeurity or assurance for the TMPA's mine remediation responsibilities, shall,be assessed to each �'articipating Public Entity in the.manner provided in Section 2.611. From and after September 2, 2018, charges for recoupment of such costs as are included in the Annual Budget for the 1Vlining Business category, includ'mg any debt service on any Mine Recla.rnation Bonds and an� other costs reIated to surety bonds, bar�ci�g agreements, . letters of credit,`or other financial commitment related to }�roviding financial security or assurance for the TMPA's mine remediation responsibilities, shall be assessed to each Parficipating Public Entity according to the following percentages: Bryari - 21.7%; Denton - 21.3%; Garland - 4.7%, Greer►ville -�0%, .and billed to each Participating Public Entity on a monthly basis, uriless a different scheduie of charges shaii be adopted;by the unanimous approval ofall of#he Participating , Public Entities m the Mining Business category. Tn the event a Participating Pubiic Entity exits t�e Niining Business as permitted under Section 2.l .i.1, it shali remain res�nnsible for t�e same percentag� share of costs incurred affer its e�cit as set fo�-th above, such that:the same percentages shall apply to each.exited and remaining �'articipating Pubiic Entify for any costs. of#he Mining Business category untii a11 Mining,Assets are sold." Seetian 7. ' Th�re is added #o tiie JOA. Section 3.2.4, fo read as follows: "3.2.4. SALE OF MINING ASSETS PRIQR TO CO�VIPLETIDN OF MINE REGLAIVIATIDN. Prior to completion ofmine reclamation, the TMPA Board mayapprove leases and license agreernents of Mining Assets, including the lease of minerals �hat are Mining Assets, and may approve the sale of real property interests in Mining Assets provided such sales, in each case, do not exceed $250,000, or, in the case of multiple sales, $500,000 in a fiscal year. Sueh sales of real property. interests in 1Vlining Assefs sha11 not. be less than the fair market value of such assets as reasonably determined by TMPA�. The net funds received from the sale of any mining assets under this section shall be applied for the purposes and in the priority stated in � Section 3.2.3.�, Section 8. Subsection 4.4. T(6) of the JOA is amended to read as follows: "{6) Tra.nsfers pr�or to final disposition. Notwithstanding Section 4.4.1(2), nothing herein shall prohibit a, sale of a Transmission Asset or portion thereof on a piecemeal basis ta a Participating Public Entity or a third party provided that the sale is approved by a Super Majority Vote of the TMPA Board, the sale is not less than the net book value of the asset being so.ld, and Page 4 of 9 the sale does not contravene any bond covenants of any outstanding Debt associated with the asset, including any Transmission Debt, Approval of each Participating Public Entity shall be required if the net: book value of the asset to be sold exceeds $250,000 or in the case of multiple sales, the net book value of the assets sold in a fiseal year in the aggregate exceeds $SOO,OQO. In the event that any Transmission Asset, or portion thereo� is sold to a Participating Public Entity pursuant to . this section after the Effective Date of this Agreement, but prior to the transfer of ownership of Transmission Assets described in Paragraph (3) above, the following shall occur in the process in. subsection (3)(iii) above: (i) the asset sold shall be removed from Schedule C and from the Total Transmission Asset Dollar Value and (ri) the asset sold shall be removed from any geogra.phical: assignment to ariy Participating Publie Entity. Additionally, the net funds received from. any such sale shall be applied to the purposes and in the priarity stated in Section 4.b. Nothing.herein shall pr.ohibit a transfer of a transmission capital project or portion thereof to a Participating Public Ent:ity pursuant tc� the TI�rIPA Transmission Asset Ownership Policy. Tn the, event that a transmission capital project, or portion thereo� is transferred to a Participating Public Entity pursuant to 5uch policy after the Effective .Date of this Agreement; but.prior to the-transfer of ownership of Transmission Assets described in Paragraph (3) above, and such transmission capital project, or portion t�.ereo� is associated with a rebuild, reconstruction, or replacement of an existi�g 'TMPA Transmission Asset the following shall occur in the process in subsection - (3)(iii) above: (i� #he net book value ofthe existing asset.at the date oftransfer ofthe capi#al project shall be included in the Totai Transmission Asset �.ollaz Value and (u) the net 600k value of the existing asset at the date of tra�sfer of the capital project .of #hat asset shall be attributed to the receiving Partici�ating Public Entity .for purposes of determining the value of the Transmission Assets initial geographically-assigned to the receiv�ng Participating Publia.Entity:' Section 9: Thece is add�d to the JOA Section 5.1.3. to read as follows; `°5.1.3 ELECTION TO EXTENI� FaR SEASONAL OR OTHER TERM-LIMITED OPERATION. In the event one or more Participating Public Entities that have elected to extend their Power Sales Contracts beyond Septer�ber 1, 2018 provide written notice to TMPA tha# t�ey intend to purchase one huncired percent (100%) of the output of ihe plant at any t�me after September 1, 2018, for #he purpose af providing for seasonal operation.of the plant, or for. some other operational schedule as ERCOT may require or request, or for some schedule that such Participating Public Enfities may deem advisable, the Power Sales Contraets will be eartended as . to those Participating Public Entities, but only for the duration of time specified in such notice, and a twenty-four month notice of termination of the Power Sales. Contract shall not be r�quired. The notice to TMPA shall state that ihe extension of the Power Sales Contract is being made pursuant to this Section. The terms o£ Section 5.2 shall apply to any e�ension under this Section 5.13." . Section 10. C3THER AGR.EEMENTS. Page'S of 9 (a) All other terms and conditions of the Jourt Operatmg Agreement shall remain in full force and effect except as modified herein. (b) F�ccept for Sectian 1 which shall survive terminatian, tlus A�endmern shall t�inate on the same date the Joint Operating.Agreemerrt terminates. � (c) Each Party wamants that all necessary actions have been taken to make this a binding amendrnent, including TMPA Board or city council action, as applicable. (d) This Amendment ma.y be eicecuted in multiple co�nterparts, each ofwhich shall constitute an original but both or all of which, when taken together, shall constitute but one instrument. This Amendment may be delivered by the exchartge of signed signature pages by facsimile transmission or by attachmg a pdf copy to an email, and any printed or copied version of any signature page so .delivered shall have the same force and effect as an originaliy signed version of such signature pa.ge. IN WITNESS WHEREOF, the Parties have executed this Amendment No. 2 to Joint Operating Agreement,.to be effective upon the Effective Date as set forth in the Recitals. TEXAS MI]NICIPAL P WER A�ENeY B � Y• N�: �v��%�Zlrl,� Title: G � r Date: �l ` �i,L � Attest: Approved as t form: � a.,K Counsel for Texas Municipal ver,Agency � Page 6 of 9 CI' . :ilf� ' ' � Ti�le: Date: Approved as to for�ri Caunsel for the City Page 7 of 9 Texas CITY OF DENT S B• -. Name: ��r i � W Q.�1's Title: �'\ 1r � Date: Attest: Approved as to orm: —�~'-` Counsel,for the City o enfon, exas CITY OF GARLAND, TEXAS By: Name: Titie: Date: Attest: CITY 4F GREENVILLE, TEXAS By: ` Name: Title: Date: Attest: Page 8 of 9 . CITY OF DENTON, TEXAS By: � Name: Title: Date: Attest: Approved as to form: Counsel for the City of Denton, Texas � . � � � � � � ' ���/! i��'�r' . � ' � �' � .... � - � .1 �_. .� �. ' , - ( / -� ,� � 1 CITY OF GREENVILLE, TEXAS By: _ Name: Title: Date• Attest: Page S of 9 CITY Q� DENTOIV, TEXAS By: I�a�ne: Title: Date: Attest: Approvsd as to form. Coru�sel for the CityofDenton, Tezas CIT!' OF GA�tLAND, TE�AS By: Name: Title: Date: Attest: �ITY pF GItEENVxL . , TEXAS ��+: - � NaIt1B: D a v i d L. D r e i l i n Tille: M a v o r Date; 22 August 2017 � Attest:. � 1/'� I�C-�� � Page 8 of 9 GEUS, half ty of Crreenville pursuant to its Charter By: - Name: 1��1 g � �1��4� Title: Chair of the Board of Trustees of the Electric Utility Board Date: �1�I2�Z�l r7 Attest: �Gr SL��r�� _ \ Page_9 of 9 ��. ATTACHMENT B ..i �... i Y #.� � .: � �'� f � .:� ♦ ■ City of Bryan, Texas 300 S. Texas Avenue Bryan, Texas 77803-3937 Attention: General Manager City of Denton, Texas 215 E. McKinney St. Denton, Texas 76201-4229 July 17, 2017 City of Garland, Texas 200 N 5�" Street Garland, Texas 75040 Attention: City Manager City of Greenville, Texas 2821 Washington St. Greenville, Texas 75401 Attention: City Manager Attention: City Manager Re: Notice of intent of Texas Municipal Power Agency to issue Transmission Debt Ladies and Gentlemen: This letter constitutes notice to the each of the addressed Cities pursuant to Section 2.6.2.5. of the Joint Operating Agreement (the "JOA") by and between and among Texas Municipal Power Agency (the "Agency") and the cities of Bryan, Denton, Garland, and Greenville, that the Agency intends to incur Transmission Debt not sooner than 60 days from the date of this letter. In accordance with our previous briefings to the Planning and Operations Committee and the Board of Directors of the Agency (the "Board"), the finance plan and the principal terms on which the Transmission Debt that is planned to be issued is substantially as follows: The Agency will issue refunding bonds in an aggregate amount not to exceed $100 million (the "2017 Refunding Bonds"). The proceeds of the 2017 Refunding Bonds will be used to refund all of the Agency's outstanding Series 2005 Commercial Paper Notes, thereby ending that commercial paper program, and to pay the costs of issuance of the 2017 Refunding Bonds. The 2017 Refunding Bonds will mature not later than September 1, 2047 and will bear interest at a rate not exceeding 7% per annum. In accordance with the JOA, the 2017 Refunding Bonds will not be issued unless the resolution authorizing the 2017 Refunding Bonds is approved by a Super Majority Vote (as defined in the JOA) of the Board. The 2017 Refunding Bonds will be issued as converting security ���� I�lBur�i�,ir�r�i... f�cavtr�:r� ��i:::avcv IF,.�. 1:3a�x �aaG) I�rav,�iu, �i �x,as'�ic�Q"�-7�C�� (4�C} �r�-��'13 obligations (similar to the Agency's Subordinate Lien Revenue/Transmission Revenue Converting Security Refunding Bonds Series 2010), and therefore will be secured in a manner provided for in the definition of Transmission Debt in the JOA and the Power Sales Contract Between Texas Municipal Power Agency and City of Bryan, Texas, City of Denton Texas, City of Garland, Texas and City of Greenville, Texas, dated September 1, 1976, as amended (the "PSC"); consequently, the issuance of the 2017 Refunding Bonds as Transmission Debt will not extend the term of the PSC. The issuance of the 2017 Refunding Bonds may require the incurrence of related costs and obligations associated with surety bonds, insurance policies, banking agreements, letters of credit, or other financial commitments relating to the issuance, security and sale of the 2017 Refunding Bonds. To replace the Agency's existing Series 2005 commercial paper program, the Agency will create a new program of revolving commercial paper or other notes in an aggregate amount not to be outstanding at any time in excess of $75 million (the "2017 Notes"). The proceeds of the 2017 Notes will be used for the purpose of refinancing commercial paper or other revolving notes that are issued for Transmission System (as defined in the JOA) purposes and/or providing a financing source for Transmission System facilities and operations. The program for the issuance of the 2017 Notes will provide that no obligation issued or incurred thereunder will mature later than September 1, 2047 and that no obligation issued under such program will bear interest at a rate that exceeds the maximum interest rate permitted by State law. In accordance with the JOA, the 2017 Notes will not be authorized for issuance unless the resolution approving the 2017 Notes is passed by a Super Majority Vote (as deiined in the JOA) of the Board. The 2017 Notes will be issued as converting security obligations (similar, although possibly subordinate, to the Agency's Subordinate Lien Revenue/Transmission Revenue Converting Security Refunding Bonds Series 2010) and therefore will be secured in a manner provided for in the definition of Transmission Debt in the JOA and the PSC; consequently, the issuance of the 2017 Notes as Transmission Debt will not extend the term of the PSC. The issuance of the 2017 Notes may require the incurrence of related costs and obligations associated with surety bonds, insurance policies, banking agreements, letters of credit, or other financial commitments relating to the issuance, security and sale of the 2017 Notes. Please let me know if you have any questions. Thank you for your attention to this matter. Sincerely, Texas Municipal Power Agency Bob Kahn, General Manager .r�:::x���; ii�d.��,��;��r�,��... ���u:::���� ��r�::r���r �::s.c.�. �::��x ��r��� �r���vu�, �r�:::;��s ����r����_��r�� �����y ���r;�..�.��� CC. General Manager Bryan, Texas Utilities 205 E. 28�' Street Bryan, Texas 77803 General Manager Denton Municipal Electric 1659 Spencer Road Denton, Texas 76205 General Manager and CEO Garland Power & Light 217 N. 5`h Street Garland, Texas 75040 Deputy General Manager and COO Garland Power & Light 217 N. St" Street Garland, Texas 75040 General Manager GEUS 6000 Joe Ramsey Blvd. Greenville, Texas 75402 �..�a�s u�u�v��:ra�,��. ���r�.� �c��v�;r �.�s. w��� ��aa� u������, ���s r���a�-�r�aa (��.��} ���...�.a� �