5. Recommended by Power System Approval of Contract No. 718 for Transformers, 34.4-kV, Three-Phase, Padmount, 1500-KVA and Above with Nexgen Power, Inc. The proposed Contract is for a period of one year with two one-year optional renewal periods. The total estimated expenditure is $19,644,867, with a not to exceed amount of $24,556,083. Determine item is exempt pursuant to CEQA Guidelines Section 15060(c)(3).