-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Lvx8kt+Pt5bU60GGxo3tOIXpXv4E1GFcNvhneV63xSdIMX7Nwfu6aqVcVtgZzoRd oAD+Mj+7lHUvqwc5T318Iw== 0001019687-10-004144.txt : 20101116 0001019687-10-004144.hdr.sgml : 20101116 20101116170127 ACCESSION NUMBER: 0001019687-10-004144 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20101116 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101116 DATE AS OF CHANGE: 20101116 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GDT TEK, Inc. CENTRAL INDEX KEY: 0000880584 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 330845463 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20259 FILM NUMBER: 101197168 BUSINESS ADDRESS: STREET 1: 555 WINDERELY PLACE, #300 CITY: ORLANDO STATE: FL ZIP: 32751 BUSINESS PHONE: 407-574-4740 MAIL ADDRESS: STREET 1: 555 WINDERELY PLACE, #300 CITY: ORLANDO STATE: FL ZIP: 32751 FORMER COMPANY: FORMER CONFORMED NAME: SEAMLESS Corp DATE OF NAME CHANGE: 20080926 FORMER COMPANY: FORMER CONFORMED NAME: SEAMLESS WI-FI, INC. DATE OF NAME CHANGE: 20060117 FORMER COMPANY: FORMER CONFORMED NAME: INTERNET BUSINESS INTERNATIONAL INC DATE OF NAME CHANGE: 19990430 8-K 1 gdttek_8k-111610.htm FORM 8-K gdttek_8k-111610.htm


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 

Date of Report (Date of earliest event reported) November 16, 2010
 
GDT TEK, Inc.
(Exact name of registrant as specified in its chapter)
 
Florida
(State or other jurisdiction
of incorporation
000-20259
(Commission
File Number)
27-0318532
(IRS Employer
Identification No.)

555 Winderely Place,  Suite  300
Orlando,  Florida
(Address of principal executive offices)
327510
(Zip Code)

(407)-574-4740
Registrant's telephone number, including area code
 
 
 (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 


 
 
 

 
Item 8.01 – Other Events.

The filing of the Company’s Form 10-K, including its audited financial statements, for the fiscal year ended June 30, 2010 has been delayed due to the fact that the Company has not been able to complete the necessary audits required.  In June 2010, the Company acquired RTR Global Investments LLC as its wholly owned subsidiary.  The Company is in the process of completing the necessary audits of RTR Global’s financial statements to allow for consolidated financial statements for both companies to be included in our Form 10-K.  We plan to file the Form 10-K as soon as the audited consolidated financial statements are available.

The filing of the Form 10-Q for the first quarter ended September 30, 2010 is also delayed pending the completion of the audit of RTR Global’s financial statements.
   
Item 9.01 – Financial Statements and Exhibits.

(d)           Exhibits

10.1
PG&E Power Purchase Agreement with RTR Global Investments LLC, a wholly owned subsidiary of the Company, for American Canyon Landfill located at 725 Eucalyptus Drive, Napa County, California.

10.2
PG&E Power Purchase Agreement with RTR Global Investments LLC, a wholly owned subsidiary of the Company, for Guadalupe Mines Landfill located at 15999 Guadalupe Mines Rd. San Jose in Santa Clara County, California.

10.3
PG&E Power Purchase Agreement with RTR Global Investments LLC, a wholly owned subsidiary of the Company, for Menlo Park Landfill located at 1680 Marsh Rd. in Santa Clara County, California.

10.4 
PG&E Power Purchase Agreement with RTR Global Investments LLC, a wholly owned subsidiary of the Company, for Visalia Landfill located at 32982 Road 80, Visalia in Tulare County, California.
  
 
2

 
   
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
  GDT TEK, INC.  
     
Dated: November 16, 2010
/s/ Albert Reda  
  By: Albert Reda  
  Its:  Chief Executive Officer and Chief Financial Officer (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer)  
     
 
 
 
 
 
3

EX-10.1 2 gdttek_8k-ex1001.htm PURCHASE AGREEMENT - AMERICAN CANYON LANDFILL gdttek_8k-ex1001.htm

EXHIBIT 10.1
   
SMALL RENEWABLE GENERATOR
POWER PURCHASE AGREEMENT
BETWEEN
RTR GLOBAL INVESTMENTS, LLC
AND
PACIFIC GAS AND ELECTRIC COMPANY
  
PACIFICGAS AND ELECTRIC COMPANY, a California Corporation ("PG&E" or "Buyer"), and RTR GLOBALINVESTMENTS, LLC ("Seller") I hereby enter into this Power Purchase Agreement ("Agreement"). Seller and PG&E are sometimes referred to in this Agreement jointly as "Parties" or individually as "Party." In consideration of the mutual promises and obligations stated in this Agreement and its appendices, the Parties agree as follows:

1. 
DOCUMENTS INCLUDED; DEFINED TERMS

This Agreement includes the following appendices, which are specifically incorporated herein and made a part of this Agreement.
 
Appendix A- Definitions
 
Appendix B- Initial Energy Delivery Date Confirmation Letter
 
Appendix C- Time of Delivery ("TOD") Periods and Factors
 
Appendix D- Counterparty Notification Requirements for Outage and  Generation Schedule Changes

2.
SELLER'S GENERATING FACILITY, PURCHASE PRICES AND PAYMENT
   
 
2.1
Facility. This Agreement governs PG&E's purchase of energy and capacity from the electrical generating facility (hereinafter referred to as the "Facility" or "Unit") as described in this Section.

 
2.1.1
The Facility is located at 725 Eucalvptus Drive in Napa County, California.

 
2.1.2
The Facility is described as American Canyon Landfill

 
2.1.3
The Facility's primary fuel is engine waste heat [i.e. biogas, hydro, etc.].
   
 
1

 
   
 
2.1.4
The Facility has a nameplate rating of 800 kilowatts ("kW"), at unity power factor at 60 degrees Fahrenheit at sea level and has a primary voltage level of 13.200 kilovolts ("kV"). Seller shall not modify the Facility to increase the nameplate rating without the prior written consent of PG&E.

 
2.1.5
The Facility is connected to the PG&E electric system at 13.200 kV.

 
2.1.6
If not already capable of delivering energy on the Execution Date, theFacility's scheduled Commercial Operation Date is May 1, 2009.

 
2.2
Transaction. During the Delivery Term of this Agreement, as provided in Section 2.3, Seller shall sell and deliver, or cause to be delivered, and PG&E shall purchase and receive, or cause to be received, energy produced by and capacity provided from the Facility, up to 1500 kW, at the Delivery Point, as defined pursuant to Section 5.1, pursuant to Seller's election of a (check one)þ full buy/sell or o excess sale arrangement as described in paragraphs 2.2.1 and 2.2.2 below. PG&E shall pay Seller the Contract Price, set forth in Section 2.4, in accordance with th e terms hereof. In no event shall Seller have the right to procure the energy or capacity from sources other than the Facility for sale or delivery to PG&E under this Agreement or substitute such energy or capacity. PG&E shall have no obligation to receive or purchase energy or capacity from Seller prior to the Initial Energy Delivery Date, as defined in Section 2.3, or after the end of the Delivery Term, as defined in Section 2.3. The Parties agree that the execution and performance of the Parties under this Agreement shall satisfy PG&E's obligations, if any, under the Public Utility Regulatory Policies Act and its implementing regulations, i.e., 18 C.F.R. §§ 292.303.

 
2.2.1
Full Buy/Sell. Seller agrees to sell to PG&E the Facility's gross output in kilowatt-hours, net of Station Use and transformation and transmission losses to the Delivery Point into the PG&E system, together with all Green Attributes and Resource Adequacy Benefits. Seller shall purchase all energy required to serve the Facility's on-site load, net of station use, from PG&E pursuant to PG&E's applicable retail rate schedule.

 
2.2.2
Excess Sale. Seller agrees to sell to PG&E the Facility's gross output in kilowatt-hours, net of Station Use and any on-site use by Seller and transformation and transmission losses to the Delivery Point into the PG&E system. Seller agrees to convey to PG&E all Green Attributes and Resource Adequacy Benefits associated with the energy sold to PG&E.

 
2.3
Delivery Term. The Seller shall deliver the energy and capacity from the Facility to PG&E for a period of (check one)  o ten (10), o fifteen (15), or þ twenty (20) Contract Years ("Delivery Term"), which shall commence on the first date on which energy is delivered from the Facility to PG&E ("Initial Energy Delivery Date") under this Agreement and continue until the end of the last Contract Year unless terminated by the terms of this Agreement. The Initial Energy Delivery Date shall occur only when all of the following conditions have been satisfied:
  
 
2

 
  
 
(i) 
the Commercial Operation Date has occurred, if the Facility was not in operation prior to the Execution Date of this Agreement;
 
(ii) 
the Facility's status as an Eligible Renewable Energy Resource, is demonstrated by Seller's receipt of certification from the CEC and is registered in WREGIS; and
 
(iii) 
the Facility is registered with the California Climate Action Registry as provided in Section 5.8. As evidence of the Initial Energy Delivery Date, the Parties shall execute and exchange the "Initial Energy Delivery Date Confirmation Letter" attached hereto as Appendix B on the Initial Energy Delivery Date.

 
2.4
Contract Price. Once both Parties have executed this Agreement PG&E shall pay Seller for each megawatt-hour ("MWh") of energy and associated capacity delivered to PG&E during each Contract Year for the Delivery Term at the applicable Market Price Referent specified below for the Facility's actual Commercial Operation Date. Payment shall be adjusted by the appropriate Time of Delivery ("TaD") factor listed in Appendix C.

Adopted 2007 Market Price Referents1/
(Nominal -dollars/kWh)
Resource Type
 
10-Year
 
15-Year
 
20-Year
2008 Baseload MPR
 
0.09271
 
0.09383
 
0.09572
2009 Baseload MPR
 
0.09302
 
0.09475
 
0.09696
2010 Baseload MPR
 
0.09357
 
0.09591
 
0.09840
2011 Baseload MPR
 
0.09412
 
0.09696
 
0.09969
2012 Baseload MPR
 
0.09518
 
0.09844
 
0.10139
2013 Baseload MPR
 
0.09605
 
0.09965
 
0.10275
2014 Baseload MPR
 
0.09722
 
0.10107
 
0.10430
2015 Baseload MPR
 
0.09872
 
0.10274
 
0.10606
2016 Baseload MPR
 
0.10053
 
0.10466
 
0.10804
2017 Baseload MPR
 
0.10269
 
0.10685
 
0.11143
2018 Baseload MPR
 
0.10478
 
0.11016
 
0.11489
2019 Baseload MPR
 
0.10818
 
0.11370
 
0.11720
2020 Baseload MPR
 
0.11172
 
0.11603
 
0.11954

 
2.5
Billing. PG&E shall pay Seller by check or Automated Clearing House transfer within approximately 30 days of the meter reading date if the value of the purchased energy in a month is at least fifty dollars ($50); if less, PG&E may pay Seller quarterly. PG&E shall have the right, but not the obligation, to read the Facility's meter on a daily basis.
______________
1/  Note: Using 2008 as the base year, Staff calculates MPRs for 2008-2020 that reflect different project online dates. Link to 2007 MPR Model: http://www.ethree.com/MPR.html.
 
 
3

 
 
SUBJECT TO THE PROVISIONS OF SECTION 6 (INDEMNITY), IT IS THE INTENT OF THE PARTIES THAT THE LIMITATIONSHEREIN IMPOSED ON REMEDIES AND THE MEASURE OF DAMAGES BE WITHOUT REGARD TO THE CAUSE OR CAUSES RELATED THERETO, INCLUDINGTHE NEGLIGENCE OF ANY PARTY, WHETHER SUCH NEGLIGENCE BE SOLE, JOINT OR CONCURRENT, OR ACTIVE OR PASSIVE.
  
8.
NOTICES

Notices shall, unless otherwise specified herein, be in writing and may be delivered by hand delivery, United States mail, overnight courier service, facsimile or electronic messaging (e-mail). Whenever this Agreement requires or permits delivery of a "notice" (or requires a Party to "notify"), the Party with such right or obligation shall provide a written communication in the manner specified below. A notice sent by facsimile transmission or email will be recognized and shall be deemed received on the Business Day on which such notice was transmitted if received before 5 p.m. Pacific prevailing time (and if received after 5 p.m., on the next Business Day) and a notice by overnight mail or courier shall be deemed to have been received two (2) Business Days after it was sent or such earlier time as is confirmed by the receiving Party unless it confirms a prior oral communication, in which case any such notice shall be deemed received on the day sent. A Party may change its addresses by providing notice of same in accordance with this provision. All written notices shall be directed as follows:
   
  TO PG&E:
Pacific Gas and Electric Company
Attention: Manager, Contract Management
245 Market Street, Mail Code N12E
San Francisco, CA 94177-0001
     
  TO SELLER:
RTR Global Investments. LLC
15575 Los Gatos Blvd. #C
Los Gatos. CA 95032-
    
9.
INSURANCE
 
 
9.1
General Liability Coverage.

IN WITNESS WHEREOF, each Party has caused this Agreement to be duly executed by its authorized representative as of the date of last signature provided below.
  
PACIFIC GAS AND ELECTRIC COMPANY  
By:  Roy M. Kuga
Name: Roy M. Kuga
Title VP. Energy Supply
Date: 7/21/08
   
SELLER- RTR GLOBALINVESTMENTS, LLC  
By: Ralf Horn
Name: Ralf Horn
Title: Managing Director
Date: July 15, 2008
 
 
4

EX-10.2 3 gdttek_8k-ex1002.htm PURCHASE AGREEMENT - GUADALUPE MINES LANDFILL gdttek_8k-ex1002.htm

EXHIBIT 10.2
   
SMALL RENEWABLE GENERATOR
POWER PURCHASE AGREEMENT
BETWEEN
RTR GLOBAL INVESTMENTS, LLC
AND
PACIFIC GAS AND ELECTRIC COMPANY

PACIFIC GAS AND ELECTRIC COMPANY, a California Corporation ("PG&E" or "Buyer"), and RTR GLOBALINVESTMENTS. LLC ("Seller")I  hereby enter into this Power Purchase Agreement ("Agreement"). Seller and PG&E are sometimes referred to in this Agreement jointly as "Parties" or individually as "Party." In consideration of the mutual promises and obligations stated in this Agreement and its appendices, the Parties agree as follows:

1. 
DOCUMENTS INCLUDED; DEFINED TERMS

This Agreement includes the following appendices, which are specifically incorporated herein and made a part of this Agreement.
 
Appendix A- Definitions
 
Appendix B- Initial Energy Delivery Date Confirmation Letter
 
Appendix C- Time of Delivery ("TOD") Periods and Factors
 
Appendix D- Counterparty Notification Requirements for Outage and Generation Schedule Changes

2. 
SELLER'S GENERATING FACILITY, PURCHASE PRICES AND PAYMENT

 
2.1 
Facility. This Agreement governs PG&E's purchase of energy and capacity from the electrical generating facility (hereinafter referred to as the "Facility" or "Unit") as described in this Section.

 
2.1.1 
The Facility is located at 15999 Guadalupe Mines Rd. San Jose in Santa Clara County, California.

 
2.1.2 
The Facility is described as Guadalupe Mines Landfill

 
2.1.3
The Facility's primary fuel is engine waste heat [i.e. biogas, hydro, etc.].
     
 
1

 
  
 
2.1.4
The Facility has a nameplate rating of 535 kilowatts ("kW"), at unity power factor at 60 degrees Fahrenheit at sea level and has a primary voltage level of 13,200 kilovolts ("kV"). Seller shall not modify the Facility to increase the nameplate rating without the prior written consent of PG&E.

 
2.1.5
The Facility is connected to the PG&E electric system at 13.200 kV.

 
2.1.6
If not already capable of delivering energy on the Execution Date, the Facility's scheduled Commercial Operation Date is May 1, 2009.

 
2.2
Transaction. During the Delivery Term of this Agreement, as provided in Section 2.3, Seller shall sell and deliver, or cause to be delivered, and PG&E shall purchase and receive, or cause to be received, energy produced by and capacity provided from the Facility, up to 1500 kW, at the Delivery Point, as defined pursuant to Section 5.1, pursuant to Seller's election of a (check one) þ full buy/sell or oexcess sale arrangement as described in paragraphs 2.2.1 and 2.2.2 below. PG&E shall pay Seller the Contract Price, set forth in Section 2.4, in accordance with the terms hereof. In no event shall Seller have the right to procure the energy or capacity from sources other than the Facility for sale or delivery to PG&E under this Agreement or substitute such energy or capacity. PG&E shall have no obligation to receive or purchase energy or capacity from Seller prior to the Initial Energy Delivery Date, as defined in Section 2.3, or after the end of the Delivery Term, as defined in Section 2.3. The Parties agree that the execution and performance of the Parties under this Agreement shall satisfy PG&E's obligations, if any, under the Public Utility Regulatory Policies Act and its implementing regulations, i.e., 18 C.F.R. §§ 292.303.

 
2.2.1
Full Buy/Sell. Seller agrees to sell to PG&E the Facility's gross output in kilowatt-hours, net of Station Use and transformation and transmission losses to the Delivery Point into the PG&E system, together with all Green Attributes and Resource Adequacy Benefits. Seller shall purchase all energy required to serve the Facility's on-site load, net of station use, from PG&E pursuant to PG&E's applicable retail rate schedule.

 
2.2.2
Excess Sale. Seller agrees to sell to PG&E the Facility's gross output in kilowatt-hours, net of Station Use and anyon-site use by Seller and transformation and transmission losses to the Delivery Point into the PG&E system. Seller agrees to convey to PG&E all Green Attributes and Resource Adequacy Benefits associated with the energy sold to PG&E.

 
2.3
Delivery Term. The Seller shall deliver the energy and capacity from theFacility to PG&E for a period of (check one) o ten (10), o fifteen (15), or þtwenty (20) Contract Years ("Delivery Term"), which shall commence on the first date on which energy is delivered from the Facility to PG&E ("Initial Energy Delivery Date") under this Agreement and continue until the end of the last Contract Year unless terminated by the terms of this Agreement. The Initial Energy Delivery Date shall occur only when all of the f ollowing conditions have been satisfied:
  
 
2

 
  
 
(i) 
the Commercial Operation Date has occurred, if the Facility was not in operation prior to the Execution Date of this Agreement;
 
(ii) 
the Facility's status as an Eligible Renewable Energy Resource, is demonstrated by Seller's receipt of certification from the CEC and is registered in WREGIS; and
 
(iii) 
the Facility is registered with the California Climate Action Registry as provided in Section 5.8. As evidence of the Initial Energy Delivery Date, the Parties shall execute and exchange the "Initial Energy Delivery Date Confirmation Letter" attached hereto as Appendix B on the Initial Energy Delivery Date.

 
2.4
Contract Price. Once both Parties have executed this Agreement PG&E shall pay Seller for each megawatt-hour ("MWh") of energy and associated capacity delivered to PG&E during each Contract Year for the Delivery Term at the applicable Market Price Referent specified below for the Facility's actual Commercial Operation Date. Payment shall be adjusted by the appropriate Time of Delivery ("TOD") factor listed in Appendix C.
    
Adopted 2007 Market Price Referents1/
(Nominal -dollars/kWh)
Resource Type
 
10-Year
 
15-Year
 
20-Year
2008 Baseload MPR
 
0.09271
 
0.09383
 
0.09572
2009 Baseload MPR
 
0.09302
 
0.09475
 
0.09696
2010 Baseload MPR
 
0.09357
 
0.09591
 
0.09840
2011 Baseload MPR
 
0.09412
 
0.09696
 
0.09969
2012 Baseload MPR
 
0.09518
 
0.09844
 
0.10139
2013 Baseload MPR
 
0.09605
 
0.09965
 
0.10275
2014 Baseload MPR
 
0.09722
 
0.10107
 
0.10430
2015 Baseload MPR
 
0.09872
 
0.10274
 
0.10606
2016 Baseload MPR
 
0.10053
 
0.10466
 
0.10804
2017 Baseload MPR
 
0.10269
 
0.10685
 
0.11143
2018 Baseload MPR
 
0.10478
 
0.11016
 
0.11489
2019 Baseload MPR
 
0.10818
 
0.11370
 
0.11720
2020 Baseload MPR
 
0.11172
 
0.11603
 
0.11954
   
 
2.5
Billing. PG&E shall pay Seller by check or Automated Clearing House transfer within approximately 30 days of the meter reading date if the value of the  purchased energy in a month is at least fifty dollars ($50); if less, PG&E may pay Seller quarterly. PG&E shall have the right, but not the obligation, to read the Facility's meter on a daily basis.
______________
1/  Note: Using 2008 as the base year, Staff calculates MPRs for 2008-2020 that reflect different project online dates. Link to 2007 MPR Model: http://www.ethree.com/MPR.html.
  
 
3

 

SUBJECT TO THE PROVISIONS OF SECTION6 (INDEMNITY), IT IS THE INTENT OF THE PARTIES THAT THE LIMITATIONSHEREIN IMPOSED ON REMEDIES AND THE MEASURE OF DAMAGES BE WITHOUT REGARD TO THE CAUSE OR CAUSES RELATED THERETO, INCLUDINGTHE NEGLIGENCE OF ANY PARTY, WHETHER SUCH NEGLIGENCE BE SOLE, JOINT OR CONCURRENT, OR ACTIVE OR PASSIVE.

8.
NOTICES

Notices shall, unless otherwise specified herein, be in writing and may be delivered by hand delivery, United States mail, overnight courier service, facsimile or electronic messaging (e-mail). Whenever this Agreement requires or permits delivery of a "notice" (or requires a Party to "notify"), the Party with such right or obligation shall provide a written communication in the manner specified below. A notice sent by facsimile transmission or email will be recognized and shall be deemed received on the Business Day on which such notice was transmitted if received before 5 p.m. Pacific prevailing time (and if received after 5 p.m., on the next Business Day) and a notice by overnight mail or courier shall be deemed to have been received two (2) Business Days after it was sent or such earlier time as is confirmed by the receiving Party unless it confirms a prior oral communication, in which case any such notice shall be deemed received on the day sent. A Party may change its addresses by providing notice of same in accordance with this provision. All written notices shall be directed as follows:
       
  TO PG&E:
Pacific Gas and Electric Company
Attention: Manager, Contract Management
245 Market Street, Mail Code N12E
San Francisco, CA 94177-0001
     
  TO SELLER:
RTR Global Investments. LLC
15575 Los Gatos Blvd. #C
Los Gatos. CA 95032-
         
9.
INSURANCE
 
 
9.1
General Liability Coverage.
 
IN WITNESS WHEREOF, each Party has caused this Agreement to be duly executed by its authorized representative as of the date of last signature provided below.
 
PACIFIC GAS AND ELECTRIC COMPANY  
By:  Roy M. Kuga
Name: Roy M. Kuga
Title VP. Energy Supply
Date: 7/21/08
   
SELLER- RTR GLOBALINVESTMENTS, LLC  
By: Ralf Horn
Name: Ralf Horn
Title: Managing Director
Date: July 15, 2008
 
 
4

 
EX-10.3 4 gdttek_8k-ex1003.htm PURCHASE AGREEMENT - MENLO PARK LANDFILL gdttek_8k-ex1003.htm

EXHIBIT 10.3
  
SMALL RENEWABLE GENERATOR
POWER PURCHASE AGREEMENT
BETWEEN
RTR GLOBAL INVESTMENTS, LLC
AND
PACIFIC GAS AND ELECTRIC COMPANY

PACIFIC GAS AND ELECTRIC COMPANY, a California Corporation ("PG&E" or "Buyer"), and RTR GLOBALINVESTMENTS. LLC ("Seller")I  hereby enter into this Power Purchase Agreement ("Agreement"). Seller and PG&E are sometimes referred to in this Agreement jointly as "Parties" or individually as "Party." In consideration of the mutual promises and obligations stated in this Agreement and its appendices, the Parties agree as follows:

1. 
DOCUMENTS INCLUDED; DEFINED TERMS

This Agreement includes the following appendices, which are specifically incorporated herein and made a part of this Agreement.
 
Appendix A- Definitions
 
Appendix B- Initial Energy Delivery Date Confirmation Letter
 
Appendix C- Time of Delivery ("TOD") Periods and Factors
 
Appendix D- Counterparty Notification Requirements for Outage and Generation Schedule Changes

2. 
SELLER'S GENERATING FACILITY, PURCHASE PRICES AND PAYMENT

 
2.1 
Facility. This Agreement governs PG&E's purchase of energy and capacity from the electrical generating facility (hereinafter referred to as the "Facility" or "Unit") as described in this Section.

 
2.1.1 
The Facility is located at 1680 Marsh Rd., Menlo Park in Santa Clara County, California.

 
2.1.2 
The Facility is described as Menlo Park Landfill
 
 
2.1.3
The Facility's primary fuel is engine waste heat [i.e. biogas, hydro, etc.].
  
 
1

 
 
 
2.1.4
The Facility has a nameplate rating of 525 kilowatts ("kW"), at unity power factor at 60 degrees Fahrenheit at sea level and has a primary voltage level of 13,200 kilovolts ("kV"). Seller shall not modify the Facility to increase the nameplate rating without the prior written consent of PG&E.

 
2.1.5
The Facility is connected to the PG&E electric system at 13.200 kV.

 
2.1.6
If not already capable of delivering energy on the Execution Date, the Facility's scheduled Commercial Operation Date is May 1, 2009.

 
2.2
Transaction. During the Delivery Term of this Agreement, as provided in Section 2.3, Seller shall sell and deliver, or cause to be delivered, and PG&E shall purchase and receive, or cause to be received, energy produced by and capacity provided from the Facility, up to 1500 kW, at the Delivery Point, as defined pursuant to Section 5.1, pursuant to Seller's election of a (check one) þ full buy/sell or oexcess sale arrangement as described in paragraphs 2.2.1 and 2.2.2 below. PG&E shall pay Seller the Contract Price, set forth in Section 2.4, in accordance with the terms hereof. In no event shall Seller have the right to procure the energy or capacity from sources other than the Facility for sale or delivery to PG&E under this Agreement or substitute such energy or capacity. PG&E shall have no obligation to receive or purchase energy or capacity from Seller prior to the Initial Energy Delivery Date, as defined in Section 2.3, or after the end of the Delivery Term, as defined in Section 2.3. The Parties agree that the execution and performance of the Parties under this Agreement shall satisfy PG&E's obligations, if any, under the Public Utility Regulatory Policies Act and its implementing regulations, i.e., 18 C.F.R. §§ 292.303.

 
2.2.1
Full Buy/Sell. Seller agrees to sell to PG&E the Facility's gross output in kilowatt-hours, net of Station Use and transformation and transmission losses to the Delivery Point into the PG&E system, together with all Green Attributes and Resource Adequacy Benefits. Seller shall purchase all energy required to serve the Facility's on-site load, net of station use, from PG&E pursuant to PG&E's applicable retail rate schedule.

 
2.2.2
Excess Sale. Seller agrees to sell to PG&E the Facility's gross output in kilowatt-hours, net of Station Use and any on-site use by Seller and transformation and transmission losses to the Delivery Point into the PG&E system. Seller agrees to convey to PG&E all Green Attributes and Resource Adequacy Benefits associated with the energy sold to PG&E.

 
2.3
Delivery Term. The Seller shall deliver the energy and capacity from theFacility to PG&E for a period of (check one) o ten (10), o fifteen (15), or þtwenty (20) Contract Years ("Delivery Term"), which shall commence on the first date on which energy is delivered from the Facility to PG&E ("Initial Energy Delivery Date") under this Agreement and continue until the end of the last Contract Year unless terminated by the terms of this Agreement. The Initial Energy Delivery Date shall occur only when all of the f ollowing conditions have been satisfied:
 
 
2

 
  
 
(i) 
the Commercial Operation Date has occurred, if the Facility was not in operation prior to the Execution Date of this Agreement;
 
(ii) 
the Facility's status as an Eligible Renewable Energy Resource, is demonstrated by Seller's receipt of certification from the CEC and is registered in WREGIS; and
 
(iii) 
 the Facility is registered with the California Climate Action Registry as provided in Section 5.8. As evidence of the Initial Energy Delivery Date, the Parties shall execute and exchange the "Initial Energy Delivery Date Confirmation Letter" attached hereto as Appendix B on the Initial Energy Delivery Date.

 
2.4
Contract Price. Once both Parties have executed this Agreement PG&E shall pay Seller for each megawatt-hour ("MWh") of energy and associated capacity delivered to PG&E during each Contract Year for the Delivery Term at the applicable Market Price Referent specified below for the Facility's actual Commercial Operation Date. Payment shall be adjusted by the appropriate Time of Delivery ("TOD") factor listed in Appendix C.
Adopted 2007 Market Price Referents1/
(Nominal -dollars/kWh)
Resource Type
 
10-Year
 
15-Year
 
20-Year
2008 Baseload MPR
 
0.09271
 
0.09383
 
0.09572
2009 Baseload MPR
 
0.09302
 
0.09475
 
0.09696
2010 Baseload MPR
 
0.09357
 
0.09591
 
0.09840
2011 Baseload MPR
 
0.09412
 
0.09696
 
0.09969
2012 Baseload MPR
 
0.09518
 
0.09844
 
0.10139
2013 Baseload MPR
 
0.09605
 
0.09965
 
0.10275
2014 Baseload MPR
 
0.09722
 
0.10107
 
0.10430
2015 Baseload MPR
 
0.09872
 
0.10274
 
0.10606
2016 Baseload MPR
 
0.10053
 
0.10466
 
0.10804
2017 Baseload MPR
 
0.10269
 
0.10685
 
0.11143
2018 Baseload MPR
 
0.10478
 
0.11016
 
0.11489
2019 Baseload MPR
 
0.10818
 
0.11370
 
0.11720
2020 Baseload MPR
 
0.11172
 
0.11603
 
0.11954

 
2.5
Billing. PG&E shall pay Seller by check or Automated Clearing House transfer within approximately 30 days of the meter reading date if the value of the purchased energy in a month is at least fifty dollars ($50); if less, PG&E may pay Seller quarterly. PG&E shall have the right, but not the obligation, to read the Facility's meter on a daily basis.
______________
1/  Note: Using 2008 as the base year, Staff calculates MPRs for 2008-2020 that reflect different project online dates. Link to 2007 MPR Model: http://www.ethree.com/MPR.html.
 
 
3

 
  
SUBJECT TO THE PROVISIONS OF SECTION6 (INDEMNITY), IT IS THE INTENT OF THE PARTIES THAT THE LIMITATIONSHEREIN IMPOSED ON REMEDIES AND THE MEASURE OF DAMAGES BE WITHOUT REGARD TO THE CAUSE OR CAUSES RELATED THERETO, INCLUDINGTHE NEGLIGENCE OF ANY PARTY, WHETHER SUCH NEGLIGENCE BE SOLE, JOINT OR CONCURRENT, OR ACTIVE OR PASSIVE.

8.
NOTICES

Notices shall, unless otherwise specified herein, be in writing and may be delivered by hand delivery, United States mail, overnight courier service, facsimile or electronic messaging (e-mail). Whenever this Agreement requires or permits delivery of a "notice" (or requires a Party to "notify"), the Party with such right or obligation shall provide a written communication in the manner specified below. A notice sent by facsimile transmission or email will be recognized and shall be deemed received on the Business Day on which such notice was transmitted if received before 5 p.m. Pacific prevailing time (and if received after 5 p.m., on the next Business Day) and a notice by overnight mail or courier shall be deemed to have been received two (2) Business Days after it was sent or such earlier time as is confirmed by the receiving Party unless it confirms a prior oral communication, in which case any such notice shall be deemed received on the day sent. A Party may change its addresses by providing notice of same in accordance with this provision. All written notices shall be directed as follows:
      
  TO PG&E:
Pacific Gas and Electric Company
Attention: Manager, Contract Management
245 Market Street, Mail Code N12E
San Francisco, CA 94177-0001
     
  TO SELLER:
RTR Global Investments. LLC
15575 Los Gatos Blvd. #C
Los Gatos. CA 95032-
  
9.
INSURANCE
 
 
9.1
General Liability Coverage.
 
IN WITNESS WHEREOF, each Party has caused this Agreement to be duly executed by its authorized representative as of the date of last signature provided below.
 
PACIFIC GAS AND ELECTRIC COMPANY  
By:  Roy M. Kuga
Name: Roy M. Kuga
Title VP. Energy Supply
Date: 7/21/08
   
SELLER- RTR GLOBALINVESTMENTS, LLC  
By: Ralf Horn
Name: Ralf Horn
Title: Managing Director
Date: July 15, 2008
 
 
4

EX-10.4 5 gdttek_8k-ex1004.htm PURCHASE AGREEMENT - VISALIA LANDFILL gdttek_8k-ex1004.htm

EXHIBIT 10.4
    
SMALL RENEWABLE GENERATOR
POWER PURCHASE AGREEMENT
BETWEEN
RTR GLOBAL INVESTMENTS, LLC
AND
PACIFIC GAS AND ELECTRIC COMPANY

PACIFIC GAS AND ELECTRIC COMPANY, a California Corporation ("PG&E" or "Buyer"), and RTR GLOBALINVESTMENTS. LLC ("Seller")I  hereby enter into this Power Purchase Agreement ("Agreement"). Seller and PG&E are sometimes referred to in this Agreement jointly as "Parties" or individually as "Party." In consideration of the mutual promises and obligations stated in this Agreement and its appendices, the Parties agree as follows:

1. 
DOCUMENTS INCLUDED; DEFINED TERMS

This Agreement includes the following appendices, which are specifically incorporated herein and made a part of this Agreement.
 
Appendix A- Definitions
 
Appendix B- Initial Energy Delivery Date Confirmation Letter
 
Appendix C- Time of Delivery ("TOD") Periods and Factors
  
Appendix D- Counterparty Notification Requirements for Outage and Generation Schedule Changes

2. 
SELLER'S GENERATING FACILITY, PURCHASE PRICES AND PAYMENT
  
 
2.1 
Facility. This Agreement governs PG&E's purchase of energy and capacity from the electrical generating facility (hereinafter referred to as the "Facility" or "Unit") as described in this Section.
  
 
2.1.1 
The Facility is located at 32982 Road 80, Visalia in Tulare County, California.
  
 
2.1.2 
The Facility is described as Visalia Landfill
    
 
2.1.3 
The Facility's primary fuel is engine waste heat [i.e. biogas, hydro, etc.].
  
 
2.1.4
The Facility has a nameplate rating of 815 kilowatts ("kW"), at unity power factor at 60 degrees Fahrenheit at sea level and has a primary voltage level of 13,200 kilovolts ("kV"). Seller shall not modify the Facility to increase the nameplate rating without the prior written consent of PG&E.
    
 
1

 
   
 
2.1.5
The Facility is connected to the PG&E electric system at 13.200 kV.
     
 
2.1.6
If not already capable of delivering energy on the Execution Date, the Facility's scheduled Commercial Operation Date is May 1, 2009.
      
 
2.2
Transaction. During the Delivery Term of this Agreement, as provided in Section 2.3, Seller shall sell and deliver, or cause to be delivered, and PG&E shall purchase and receive, or cause to be received, energy produced by and capacity provided from the
 
Facility, up to 1500 kW, at the Delivery Point, as defined pursuant to Section 5.1, pursuant to Seller's election of a (check one) þ full buy/sell or oexcess sale arrangement as described in paragraphs 2.2.1 and 2.2.2 below. PG&E shall pay Seller the Contract Price, set forth in Section 2.4, in accordance with the terms hereof. In no event shall Seller have the right to procure the energy or capacity from sources other than the Faci lity for sale or delivery to PG&E under this Agreement or substitute such energy or capacity. PG&E shall have no obligation to receive or purchase energy or capacity from Seller prior to the Initial Energy Delivery Date, as defined in Section 2.3, or after the end of the Delivery Term, as defined in Section 2.3. The Parties agree that the execution and performance of the Parties under this Agreement shall satisfy PG&E's obligations, if any, under the Public Utility Regulatory Policies Act and its implementing regulations, i.e., 18 C.F.R. §§ 292.303.

 
2.2.1
Full Buy/Sell. Seller agrees to sell to PG&E the Facility's gross output in kilowatt-hours, net of Station Use and transformation and transmission losses to the Delivery Point into the PG&E system, together with all Green Attributes and Resource Adequacy Benefits. Seller shall purchase all energy required to serve the Facility's on-site load, net of station use, from PG&E pursuant to PG&E's applicable retail rate schedule.

 
2.2.2
Excess Sale. Seller agrees to sell to PG&E the Facility's gross output in kilowatt-hours, net of Station Use and any on-site use by Seller and transformation and transmission losses to the Delivery Point into the PG&E system. Seller agrees to convey to PG&E all Green Attributes and Resource Adequacy Benefits associated with the energy sold to PG&E.

 
2.3
Delivery Term. The Seller shall deliver the energy and capacity from theFacility to PG&E for a period of (check one) o ten (10), o fifteen (15), or þtwenty (20) Contract Years ("Delivery Term"), which shall commence on the first date on which energy is delivered from the Facility to PG&E ("Initial Energy Delivery Date") under this Agreement and continue until the end of the last Contract Year unless terminated by the terms of this Agreement. The Initial Energy Delivery Date shall occur only when all of the f ollowing conditions have been satisfied:
   
 
2

 
  
 
(i) 
the Commercial Operation Date has occurred, if the Facility was not in operation prior to the Execution Date of this Agreement;
 
(ii) 
the Facility's status as an Eligible Renewable Energy Resource, is demonstrated by Seller's receipt of certification from the CEC and is registered in WREGIS; and
 
(iii) 
 the Facility is registered with the California Climate Action Registry as provided in Section 5.8. As evidence of the Initial Energy Delivery Date, the Parties shall execute and exchange the "Initial Energy Delivery Date Confirmation Letter" attached hereto as Appendix B on the Initial Energy Delivery Date.
  
 
2.4
Contract Price. Once both Parties have executed this Agreement PG&E shall pay Seller for each megawatt-hour ("MWh") of energy and associated capacity delivered to PG&E during each Contract Year for the Delivery Term at the applicable Market Price Referent specified below for the Facility's actual Commercial Operation Date. Payment shall be adjusted by the appropriate Time of Delivery ("TOD") factor listed in Appendix C.
   
Adopted 2007 Market Price Referents1/
(Nominal -dollars/kWh)
Resource Type
 
10-Year
 
15-Year
 
20-Year
2008 Baseload MPR
 
0.09271
 
0.09383
 
0.09572
2009 Baseload MPR
 
0.09302
 
0.09475
 
0.09696
2010 Baseload MPR
 
0.09357
 
0.09591
 
0.09840
2011 Baseload MPR
 
0.09412
 
0.09696
 
0.09969
2012 Baseload MPR
 
0.09518
 
0.09844
 
0.10139
2013 Baseload MPR
 
0.09605
 
0.09965
 
0.10275
2014 Baseload MPR
 
0.09722
 
0.10107
 
0.10430
2015 Baseload MPR
 
0.09872
 
0.10274
 
0.10606
2016 Baseload MPR
 
0.10053
 
0.10466
 
0.10804
2017 Baseload MPR
 
0.10269
 
0.10685
 
0.11143
2018 Baseload MPR
 
0.10478
 
0.11016
 
0.11489
2019 Baseload MPR
 
0.10818
 
0.11370
 
0.11720
2020 Baseload MPR
 
0.11172
 
0.11603
 
0.11954
   
 
2.5
Billing. PG&E shall pay Seller by check or Automated Clearing House transfer within approximately 30 days of the meter reading date if the value of the  purchased energy in a month is at least fifty dollars ($50); if less, PG&E may pay Seller quarterly. PG&E shall have the right, but not the obligation, to read the Facility's meter on a daily basis.
_________________
1/  Note: Using 2008 as the base year, Staff calculates MPRs for 2008-2020 that reflect different project online dates. Link to 2007 MPR Model: http://www.ethree.com/MPR.html.
  
 
3

 
 
SUBJECT TO THE PROVISIONS OF SECTION6 (INDEMNITY), IT IS THE INTENT OF THE PARTIES THAT THE LIMITATIONSHEREIN IMPOSED ON REMEDIES AND THE MEASURE OF DAMAGES BE WITHOUT REGARD TO THE CAUSE OR CAUSES RELATED THERETO, INCLUDINGTHE NEGLIGENCE OF ANY PARTY, WHETHER SUCH NEGLIGENCE BE SOLE, JOINT OR CONCURRENT, OR ACTIVE OR PASSIVE.
  
8.
NOTICES
  
Notices shall, unless otherwise specified herein, be in writing and may be delivered by hand delivery, United States mail, overnight courier service, facsimile or electronic messaging (e-mail). Whenever this Agreement requires or permits delivery of a "notice" (or requires a Party to "notify"), the Party with such right or obligation shall provide a written communication in the manner specified below. A notice sent by facsimile transmission or email will be recognized and shall be deemed received on the Business Day on which such notice was transmitted if received before 5 p.m. Pacific prevailing time (and if received after 5 p.m., on the next Business Day) and a notice by overnight mail or courier shall be deemed to have been received two (2) Business Days after it was sent or such earlier time as is confirmed by the receiving Party unless it confirms a prior oral communication, in which case any such notice shall be deemed received on the day sent. A Party may change its addresses by providing notice of same in accordance with this provision. All written notices shall be directed as follows:
   
  TO PG&E:
Pacific Gas and Electric Company
Attention: Manager, Contract Management
245 Market Street, Mail Code N12E
San Francisco, CA 94177-0001
     
  TO SELLER:
RTR Global Investments. LLC
15575 Los Gatos Blvd. #C
Los Gatos. CA 95032-
  
9.
INSURANCE
  
 
9.1
General Liability Coverage.
  
IN WITNESS WHEREOF, each Party has caused this Agreement to be duly executed by its authorized representative as of the date of last signature provided below.
  
PACIFIC GAS AND ELECTRIC COMPANY  
By:  Roy M. Kuga
Name: Roy M. Kuga
Title VP. Energy Supply
Date: 7/21/08
   
SELLER- RTR GLOBALINVESTMENTS, LLC  
By: Ralf Horn
Name: Ralf Horn
Title: Managing Director
Date: July 15, 2008
 
 
4

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