6.1. SR 03-07-2011 - Laserfiche WebLink

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BROOKINGS - TWIN CITIES TRANSMISSION PROJECT AGREEMENT THIS AGREEMENT is executed by and between CMMPA and the undersigned Participant. Capitalized terms used in this preamble and in the recitals that follow have the meanings given in Section 102 of this Agreement. WHEREAS, CMMPA has duly executed an Agency Agreement originally executed on the 1St day of July, 1987, as restated on January 15, 1997, August 11, 2004, May 24, 2006, and January 13, 2010, as the same may be further amended and restated from time to time; and WHEREAS, CMMPA shall have all of the powers enumerated in the Act, including those in Section 453.54 thereof, and in the exercise thereof shall be deemed to be performing an essential governmental function and exercising a part of the sovereign powers of the State of Minnesota; and WHEREAS, the CapX 2020 participants, including CMMPA, executed the CapX 2020 Development Agreement dated March 7, 2007 to pursue Development Work for the Brookings Project; and WHEREAS, the Participant and CMMPA executed the Development Project Agreement dated February 28, 2007 to facilitate CMMPA's pursuit of Development Work for the Transmission Project; and WHEREAS, CMMPA proposes to participate in the Brookings Project; and WHEREAS, certain CapX 2020 participants, including CMMPA, intend to execute in the near term the Brookings Project Participation Agreement, which sets forth the terms and conditions for their participation in the Brookings Project; and WHEREAS, pursuant to the terms and conditions of the Brookings Project Participation Agreement, the CapX 2020 Development Agreement will terminate upon the effective date of the Brookings Project Participation Agreement; and WHEREAS, the Development Project Agreement will terminate upon the effective date of this Agreement; and WHEREAS, effective August 16, 2007, CMMPA became a MISO transmission owner to, among other things, facilitate payment to CMMPA on behalf of the Participants for their costs related to the Transmission Project under this Agreement, including returns on their investments, and to benefit CMMPA and the Participants, and therefore, in conjunction with executing this Agreement, the Participant must have executed (or concurrently execute) a Transmission Asset Assignment Agreement to address the Transmission Project as it relates to MISO; and WHEREAS, the Participant has determined that, to meet the needs of its current and future customers, it is desirable to enter into this Agreement to participate in the Transmission Project; and