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RESOLUTION APPROVING AGREEMENT FOR THE SALE OF NIAGARA PROJECT WHOLESALE POWER AND ENERGY WITH THE NEW YORK POWER AUTHORITY WHEREAS, the. Village of Springville, a member of the Municipal Electric Utilities Association of New York State (“MEUA”) and a preference power customer of the New York Power Authority (“NYPA”), receives electricity from the Niagara Power Project operated by NYPA, and WHEREAS, the MEUA, in response to receiving notice of NYPA’s intention to increase its customer rates for said preference power to cover its increasing costs, has negotiated, on behalf of its members, certain amendments to the existing long-term agreement with NYPA that governs the terms and conditions upon which said preference power is delivered, said amendments being embodied in the Agreement for the Sale of Niagara Project Wholesale Power and Energy that has been presented to this board for consideration (“Agreement”). NOW THEREFORE, IT IS HEREBY RESOLVED by the Board of Trustees of the Village of Springville that it is in the best interest of the Village of Springville Electric System to approve the negotiated amendments, and as such, said amendments and the Agreement are hereby approved, and it is hereby further RESOLVED that the Mayor Timothy Michaels be, and hereby is authorized to execute said Agreement for the Sale of Niagara Project Wholesale Power and Energy on behalf of the Village of Springville Electric System. Dated: March 16, 2026