12. Recommended by Power System - Engineering, Planning, and Technical Services Approval of Renewal Agreement for the Acquisition of Capacity (LADWP Agreement No. BP 21-004), Renewal Transmission Service Contract (LADWP Agreement; No. BP 21-005), and Renewal Agency Agreement (LADWP Agreement; No. BP 21-006) between the Los Angeles Department of Water and Power and the Southern California Public Power Authority, to extend the Agreement to the year 2077 for an estimated total cost of $1,000,000,000. Determine item is exempt pursuant to CEQA Guidelines Section 15060(c)(3). City Council approval by ordinance is required pursuant to City Charter section 674.