2. Recommended by Power System – Engineering, Planning, and Technical Services Approval of Amendment No. 1 to Agreement No. 47577 for Energy Imbalance Market Merchant Bidding and Scheduling System with Power Costs, Inc. The Amendment will extend the term by two years and increase the amount by $3,578,344, including contingency. Determine item is exempt pursuant to CEQA Guidelines Section 15060(c)(3).