14. (Recommended by Senior Assistant General Manager – Power System Engineering, Planning, and Technical Services) (Approved by General Manager and Chief Engineer) Approval of Agreement No. 47577 for Energy Imbalance Market Merchant Bidding and Scheduling System. Award to Power Costs, Inc., for a term of three years and an amount not to exceed $4,963,516. Determine item is exempt pursuant to CEQA Guidelines Section 15060(c)(2).