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2003 RESOLUTION NO. 2 oO3 A RESOLUTION TO APPROVE THE INDEPENDENCE STEAM ELECTRIC STATION AND WHITE BLUFF STEAM ELECTRIC STATION MARKETING AGREEMENT AND THE MISO INTEGRATION AGREEMENT, AND FOR OTHER PURPOSES. WHEREAS, the City of West Memphis, Arkansas, is a one percent owner of the Independence Steam Electric Station (ISES) and a one percent owner in the White Bluff Steam Electric Station (White Bluff); and WHEREAS, the City of West Memphis, Arkansas, desires to join with the other co- owners of ISES and/or White Bluff to facilitate the participation of ISES and White Bluff in the Midwest Independent Transmission System Operator, Inc., Energy and Ancillary Services Market (MISO); and WHEREAS,the coordination of the participation of the co-owners of ISES and/or White Bluff in MISO is set out in the Independence Steam Electric Station and White Bluff Steam Electric Station Marketing Agreement between Entergy Arkansas, Inc., Arkansas Electric Cooperative Corporation, City Water and Light of the City of Jonesboro, Arkansas, the City of West Memphis, Arkansas, the City of Osceola, Arkansas, Entergy Mississippi, Inc., Entergy Power, Inc., and East Texas Electric Cooperative, Inc.; and WHEREAS, several of the co-owners of ISES and White Bluff are parties in separate Power Coordination and Interchange Agreements (PCIAs) or a Power Coordination, Interchange and Transmission Service Agreement (PCITA) and desire to coordinate their participation in the MISO Market and to resolve any concerns that may have been presented by the interveners in APSC Docket No. 10-011-U as set out in the MISO Interchange Agreement between Entergy Arkansas, Inc., City Water and Light of the City of Jonesboro, Arkansas,the City of Conway, Arkansas, the City of West Memphis, Arkansas, the City of Osceola, Arkansas, Entergy Mississippi, Inc., Entergy Power, Inc., and East Texas Electric Cooperative, Inc.; and WHEREAS, the West Memphis Utility Commission has considered the Independence Steam Electric Station and White Bluff Steam Electric Station Marketing Agreement and the MISO Interchange Agreement and approved and recommended both agreements to the West Memphis City Council for approval; and WHEREAS, the West Memphis City Council finds the Independence Steam Electric Station and White Bluff Steam Electric Station Marketing Agreement and the MISO Interchange Agreement to be in the best interests of the City of West Memphis and the West Memphis Utility Commission; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS,ARKANSAS, THAT the Independence Steam Electric Station and White Bluff Steam Electric Station Marketing Agreement and the MISO Interchange Agreement are hereby approved in substantially the form as presented, subject to such revision or modification as may be necessary or required and approved by legal counsel, and the Mayor and City Clerk are hereby authorized and directed to execute the Independence Steam Electric Station and White Bluff Steam Electric Station Marketing Agreement and the MISO Interchange Agreement on behalf of the City of West Memphis, Arkansas, and to take any and all additional measures as may be necessary or required to effectuate said agreements. ADOPTED this 15th day of March, 2012. • WILLIAM H. JOHNSON, MAYOR ATTEST: ' - 'S PARA, CITY CLERK SPONSORED BY: