Common use of Authority; Cooperation Clause in Contracts

Authority; Cooperation. The Parties acknowledge and agree that each Party has the requisite power and authority to execute and carry out the terms of this Memorandum. To the Parties’ knowledge, except for the City Council of the City of Minneapolis, no consent, authorization or approval by any governmental or public body or authority is required in connection with the execution by each of the Parties of this Memorandum. CenterPoint Energy will cooperate with the City in the Clean Energy Partnership. The Parties recognize that future action taken by CenterPoint Energy to support the City’s energy goals may be subject to state regulatory requirements in Minn. Stat. Chapters 216B, 216C and other applicable law and regulations. If the Parties agree on certain actions in support of the City’s energy goals that require state regulatory approval, they agree to cooperatively work together to seek necessary approvals or regulatory changes to facilitate such regulatory approvals.

Authority; Cooperation. The Parties acknowledge and agree that each Party has the requisite power and authority to execute and carry out the terms and provisions of this Memorandum. To the Parties’ knowledge, except for the City Council of the City of Minneapolis, no consent, authorization or approval by any governmental or public body or authority is required in connection with the execution and performance by each of the Parties of this Memorandum. CenterPoint Energy will cooperate with the City in the Clean Energy Partnership. The Parties recognize that future action taken by CenterPoint Xcel Energy to support the City’s energy goals may be subject to state regulatory utility requirements in Minn. Stat. Chapters 216B, 216C and other applicable law laws and regulations. If the Parties agree on certain actions in support of the City’s energy goals that require state regulatory approval, they agree to cooperatively work together to seek necessary approvals or regulatory changes to facilitate such regulatory approvals.