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CONFIDENTIAL <br /> contract to buy from the Agency electric power and energy required for the City's present and <br /> future requirements; and <br /> WHEREAS, in order to secure an adequate,economical and reliable supply of electric <br /> energy for the City's municipal electric system,the Agency and the City have determined that the <br /> Agency will sell to the City,and the City will purchase from the Agency,electric power and <br /> energy,transmission services,and dispatch services under the terms and conditions set forth in <br /> the agreement;and <br /> WHEREAS,the Agency intends to acquire electric power and energy,transmission <br /> services,and dispatch services for sale to the City and to other members contracting with the <br /> Agency through the following means which include,without limitation,the purchase of these <br /> services from other utilities and the ownership of generation and transmission facilities;and <br /> WHEREAS, in order to enable the Agency to enter into electric power and energy <br /> purchase contracts,transmission service contracts,and dispatch service contracts with suppliers <br /> of these services,it is necessary for the Agency to have binding contracts with the City and the <br /> other members of the Agency for the purchasing of electric power and energy from the Agency <br /> by the members; <br /> NOW,THEREFORE, for and in consideration of the mutual covenants and terms <br /> contained in the Agreement,the following is agreed to by and between the parties to this <br /> Agreement: <br /> 2 <br />