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This excerpt taken from the PCG 8-K filed Oct 28, 2005. Irrigation Districts
and Water Agencies The
Utility has contracts with various irrigation districts and water agencies to
purchase hydroelectric power. Under these contracts, the Utility must make
specified semi-annual minimum payments based on the irrigation districts’ and
water agencies’ debt service requirements, regardless if any hydroelectric
power is supplied, and variable payments for operation and maintenance costs
incurred by the suppliers. These contracts expire on various dates from 2005 to
2031. The Utility’s irrigation district and water agency contracts accounted
for approximately 5% of the Utility’s 2004 electricity sources, approximately
5% of the Utility’s 2003 electricity sources and approximately 4% of the
Utility’s 2002 electricity sources.
This excerpt taken from the PCG 10-K filed Feb 18, 2005. Irrigation Districts and Water Agencies The Utility has contracts with various irrigation districts and water agencies to purchase hydroelectric power. Under these contracts, the Utility must make specified semi-annual minimum payments based on the irrigation districts' and water agencies' debt service requirements, regardless if any hydroelectric power is supplied, and variable payments for operation and maintenance costs incurred by the suppliers. These contracts expire on various dates from 2005 to 2031. The Utility's irrigation district and water agency contracts accounted for approximately 4% of 2004 electricity sources, approximately 5% of 2003 electricity sources, and approximately 4% of 2002 electricity sources. | EXCERPTS ON THIS PAGE:
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