11. Recommended by Power System Approval of Optical Fiber Lease Agreement No. FO-919-01/2024 and Short Form IRU-01 Lease Agreement No. FO-920-01/2024 with Occidental College for Lease of LADWP Optical Fibers. The IRU-01 Lease Agreement will generate an annual revenue of $42,000, and a total revenue of $210,000, for the Power Revenue Fund if the full term is realized. The term of the Optical Fiber Lease Agreement and IRU-01 is five years. There is no cost associated with the execution of IRU-01 since existing circuits will be used to provision this service. Determine item is exempt pursuant to CEQA Guidelines Section 15060(c)(3).