10. Recommended by Power System Approval of Milford Solar Phase II Power Sales Agreement No. BP 24-002 and Milford Solar Phase II Agency Agreement No. BP 24-003 between the Los Angeles Department of Water and Power and the Southern California Public Power Authority. The price of energy and delivery to Intermountain Power Project is $37.75 per MW-hour with no escalation over the 30-year term. Over the 30-year term, the average annual energy LADWP is estimated 585,000 MWh. The estimated average cost of this energy for LADWP is approximately $22.1 million annually and $663 million over the 30-year term. Determine item is exempt pursuant to CEQA Guidelines Section 15060(c)(3). City Council approval is required.