HomeMy WebLinkAboutResolution - 2022-R0422 - PO 10025760 with Eaton Corporation 10.11.22Resolution No. 2022-RO422
Item No. 6.15
October 11, 2022
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Mayor of the City of Lubbock BE and is hereby authorized and
directed to execute for and on behalf of the City of Lubbock, Purchase Order No. PO
10025760, encumbering funds in the amount of $83,922.64, awarded to Eaton
Corporation, 29085 Network Place, Chicago, IL 60673-1290, as a SOLE SOURCE
VENDOR, for UPS Battery Replacement/Labor, and related equipment, fees and
expenses, and related documents.
Passed by the City Council this
ATTEST:
eQ ';"' /"c
Rebe ca Garza, City Secre
APPROVED AS TO CONTENT:
Shaun Fogerson, it escue Chief
APPROVED
.j
October 11 2022.
§ES. FireRescue. Eaton Corp - UPS Batteries 2022.doc
City of
g Lubb o ck
TEXAS
PURCHASE ORDER
TO: EATON CORPORATION
29085 NETWORK PLACE
CHICAGO IL 60673-1290
Page - I
Date - 9/13/2022
Order Number 10025760 000 OP
Branch/Plant 5619
SHIP TO: CITY OF LUBBOCK
CENTRAL FIRE STATION COMPLEX
1515 E URSULINE ST
LUBBOCK TX 79403
INVOICE TO: CITY OF LUBBOCK
ACCOUNTSPAYABLE
P.O. BOX 2000
LUBBOCK, TX 79457 BY:
4f
Marta Alv , Director of Purchasing & Contract Management
Ordered 9/ 13/2022 Freight
Requested 9/ 13 /2022 Taken By
Delivery PER R SALAZAR REQ 59263
PUR 16825/SOLE SOURCE
YBUSBY
If you have any questions contact Raul Salazar:rsalazar@mylubbock.us Phone 806-775-3176
Description/Supplier Item Ordered _ Unit Cost U_M Extension Request Date
UPS Battery Replacement/Labor 160.000 524.5165 EA 83,922.64 10/28/2022
Total Order
Terms NET DUE ON RECEIPT 83,922.64
Insurance required for this project listed in Attachment A
This purchase order encumbers funds in the amount of $83,922.64 awarded to Eaton Corporation of Chicago, IL, on October 11, 2022,
2022. The following is incorporated into and made part of this purchase order by reference: Quote dated August 30, 2022, from Eaton
Corporation of Chicago, IL and Sole Source.
Resolution # 2022-RO422
ATTEST: "�('
Rebecca Garza, City Secretary
Rev. 3/2022
Seller and Buyer agree as
follows:
PURCHASE ORDER
TERMS AND CONDITIONS
STANDARD TERMS AND CONDITIONS
ACCEPTANCE OF THIS PURCHASE ORDER:
CONTRACTOR ACKNOWLEDGES,
by supplving
any Goods or Services that the Contractor has read.
fully
understands. and will be
in full compliance with all terns
and conditions and the desenptive material contained
herein
and any additional associated
documents and Amendments.
The City disclaims any terns and conditions provided by
the Contractor unless agreed
upon in writing by the
parties. In the event of conflict between the City's terns
and
conditions and any terms
and conditions provided by
the Contractor. the terms and conditions provided herein
shall
prevail The terns and
conditions provided herein
are the final terns agreed upon by the parties, and any
prior
conflictine leans shall
be of no force or effect.
1. SELLER TO PACKAGE GOODS. Seller will package goods in accordance with good commercial practice
Each shipping container shall be clearly and permanently marked as follows (a) Seller's name and address, (b)
Consignee's name, address and purchase order or purchase release number and the supply agreement number if
applicable, (c) Container number and total number of containers, e g box I of 4 boxes, and (d) the number of the
container bearing the packing slip. Seller shall bear cost of packaging unless otherwise provided. Goods shall be
suitably packed to secure lowest transportation costs and to conform with requirements of common carriers and any
applicable specifications. Buyer's count or weight shall be final and conclusive on shipments not accompanied by
packing lists.
2. SHIPMENT TINDER RESERVATION PROHIBITED. Seller is not authorized to ship the goods under
reservation and no tender of a bill of lading will operate as a tender of goods.
3. TITLE AND RISK OF LOSS. The title and risk of loss of the goods shall not pass to Buyer until Buyer actually
receives and takes possession of the goods at the point or points of delivery.
4. NO REPLACEMENT OF DEFECTIVE TENDER. Every tender of delivery of goods must fully comply with all
provisions of this contract as to time of delivery, quality and the like. If a tender is made which does not fully conform.
this shall constitute a breach and Seller shall not have the right to substitute a conforming tender, provided where the
time for performance has not yet expired, the Seller may reasonably notify Buyer of his intention to cure and may
then make a conforming tender within the contract time but not afterward.
5. INVOICES & PAYMENTS. a. S e I 1 e r shall submit separate invoices, in duplicate, one each purchase order or
purchase release after each delivery. Invoices shall indicate the purchase order or purchase release number and
the supply agreement number if applicable. Invoices shall be itemized and transportation charges, if any, shall be
listed separately. A copy of the bill of lading, and the freight waybill when applicable, should be attached to the
invoice. Mail To: Accounts Payable, City of Lubbock, P. O. Box 2000. Lubbock, Texas 79457. Payment shall not
be due until the above instruments are submitted after delivery.
6. GRATUITIES. The Buyer may, by written notice to the Seller, cancel this contract without liability to Seller if
it is determined by Buyer that gratuities, in the form of entertainment, gifts or otherwise, were offered or given by the
Seller, or any agent or representative of the Seller, to any officer or employee of the City of Lubbock with a view to
securing a contract or securing favorable treatment with respect to the awarding or amending, or the making of any
determinations with respect to the performing of such a contract. In the event this contract is canceled by Buyer
pursuant to this provision. Buyer shall be entitled in addition to any other rights and remedies, to recover or withhold
the amount of the cost incurred by Seller in providing such gratuities.
7. SPECIAL TOOLS & TEST EQUIPMENT. If the price stated on the face hereof includes the cost of any special
tooling or special tat equipment fabricated or required by Seller for the purpose of filling this order, such special
tooling equipment and any process sheets related thereto shall become the property of the Buyer and to the extent
feasible shall be identified by the Seller as such.
S. WARRANTY -PRICE. a. The price to be paid by the Buyer shall be that contained in Seller's bid which
Seller warrants to be no higher than Seller's current process on orders by others for products of the kind and
specification covered by this agreement for similar quantities under similar of like conditions and methods of purchase.
In the event Seller breaches this warranty, the prices of the items shall be reduced to the Seller's current prices
on orders by others, or in the alternative. Buyer may cancel this contract without liability to Seller for breach
or Seller's actual expense. b. The Seller warrants that no person or selling agency has been employed or retained to
solicit or secure this contract upon an agreement or understanding for commission, percentage, brokerage, or contingent
fee excepting bona fide employees of bona fide established commercial or selling agencies maintained by the Seller for
the purpose of securing business. For breach of vitiation of this warranty the Buyer shall have the right in addition to
any other right of rights to cancel this contract without liability and to deduct from the contract price, or otherwise
recover without liability and to deduct from the contract price, or otherwise recover the full amount of such commission,
percentage, brokerage or contingent fee.
9. WARRANTY -PRODUCT. Seller shall not limit or exclude any implied warranties and any attempt to do so shall
render this contract voidable at the option of the Buyer. Seller warrants that the goods furnished will conform to the
specification, drawings, and descriptions listed in the bid invitation, and to the sample(s) furnished by the Seller, if any.
In the event of a conflict or between the specifications, drawings, and descriptions, the specifications shall govern.
Notwithstanding any provisions contained in the contractual agreement, the Seller represents and warrants fault -free
performance and fault -free result in the processing date and date related data (including, but not limited to calculating,
comparing and sequencing) of all hardware, software and firmware products delivered and services provided under
this Contract, individually or in combination, as the case may be from the effective date of this Contract. The
obligations contained herein apply to products and services provided by the Seller, its sub- Seller or any third party
involved in the creation or development of the products and services to be delivered to the City of Lubbock under this
Contract. Failure to comply with any of the obligations contained herein, may result in the City of Lubbock
availing itself of any of its rights under the law and under this Contract including, but not limited to, its fight pertaining
to termination or default. The warranties contained herein are separate and discrete from any other warranties
specified in this Contract, and are not subject to any disclaimer of warranty, implied or expressed or limitation of the
Seller's liability which may be specified in this Contract, its appendices, its schedules, its annexes or any document
incorporated in this Contract by reference.
10. SAFETY WARRANTY. Seller warrants that the product sold to the Buyer shall conform to the standards
promulgated by the U. S. Department of Labor under the Occupational Safety and Health Act of 1970. In the event the
product does not conform to OSHA standards, Buyer may return the product for correction or replacement at the
Seller's expense. In the event Seller fails to make the appropriate correction within a reasonable time. correction
made by Buyer will be at the Seller's expense.
11. NO WARRANTY BY BUYER AGAINST INFRINGEMENTS. As part of this contract for sale Seller agrees
to ascertain whether goods manufactured in accordance with the specifications attached to this agreement will give
rise to the rightful claim of any third person by way of infringement of the like. Buyer makes no warranty that the
production of goods according to the specification will not give rise to such a claim, and in no event shall Buyer be
liable to Seller for indemnification in the event that Seller issued on the grounds of infringement of the like. If Seller
is of the opinion that an infringement or the like will result, he will notify the Buyer to this effect in writing within two
weeks after the signing of this agreement. If Buyer does not receive notice and is subsequently held liable for
the infringement or the like, Seller will save Buyer harmless. If Seller in good faith ascertains the production of the
goods in accordance with the specifications will result in infringement or the like, the contract shall be null and void.
12. NON APPROPRIATION. All funds for payment by the City under this contract are subject to the availability ofan
annual appropriation for this purpose by the City. In the event of nonappropriation of funds by the City Council of the
City of Lubbock for the goods or services provided under the contract, the City will terminate the contract, without
termination charge or other liability, on the last day of the then -current fiscal year or when the appropriation made for
the then -current year for the goods or services covered by this contract is spent, whichever event occurs first. If at any
time funds are not appropriated for the continuance of this contract, cancellation shall be accepted by the Seller on
thirty (30) days prior written notice, but failure to give such notice shall be of no effect and the City shall not be
obligated under this contract beyond the date of termination.
13. RIGHT OF INSPECTION. Buyer shall have the right to inspect the goods at delivery before accepting them.
14. CANCELLATION. Buyer shall have the right to cancel for default all or any part of the undelivered portion of
this order if Seller breaches any of the terns hereof including warranties of Seller or if the Seller becomes insolvent or
commits acts of bankruptcy. Such right of cancellation is in addition to and not in lieu of any other remedies which
Buyer may have in law or equity.
in accordance with this provision. Termination of work hereunder shall be effected by the delivery of the Seller of
a 'Notice of Termination" specifying the extent to which performance of work under the order is terminated and the
date upon which such termination becomes effective. Such right or termination is in addition io and not in lieu of the
rights of Buyer set forth in Clause 14, herein
16. FORCE MAJEURE Neither party shall be held responsible for losses, resulting if the fulfillment of any
terms of provisions of this contract is delayed or prevented by any cause not within the control of the party whose
performance is interfered with, and which by the exercise of reasonable diligence said party is unable to prevent
17 ASSIGNMENT -DELEGATION. No right or interest in this contract shall be assigned or delegation of any
obligation made by Seller without the written permission of the Buyer Any attempted assignment or delegation by
Seller shall be wholly void and totally ineffective for all purpose unless made in conformity with this paragraph.
18. WAIVER No claim or right arising out of a breach of this contract can be discharged in whole or in part by a
waiver or renunciation of the claim or right unless the waiver or renunciation is supported by consideration and is in
writing signed by the aggrieved party.
19. INTERPRETATION -PAROLE EVIDENCE. This writing, plus any specifications for bids and performance
provided by Buyer in its advertisement for bids, and any other documents provided by Seller as part of his bid.
is intended by the parties as a final expression of their agreement and intended also as a complete and exclusive
statement of the terms of their agreement. Whenever a term defined by the Uniform Commercial Code is used in this
agreement, the definition contained in the Code is to control.
20. APPLICABLE LAW. This agreement shall be governed by the Uniform Commercial Code. Wherever the tern
"Uniform Commercial Code" is used it shall be construed as meaning the Uniform Commercial Code as adopted in
the State of Texas as effective and in force on the date of this agreement.
21. RIGHT TO ASSURANCE. Whenever one party to this contract in good faith has reason to question the other
parry's intent to perform he may demand that the other party give written assurance of his intent to perform. In the
event that a demand is made and no assurance is given within five (5) days, the demanding party may treat this
failure as an anticipatory repudiation of the contract.
22. INDEMNIFICATION. Seller shall indemnify, keep and save harmless the Buyer, its agents, officials and
employees, against all injuries, deaths, loss, damages, clams, patent claims, suits, liabilities, judgments, costs and
expenses, which may in anywise accrue against the Buyer in consequence of the granting of this Contract or which
may anywise result therefrom, whether or not it shall be alleged or determined that the act was caused through
negligence or omission of the Seller or its employees. or of the sub$eller or assignee or its employees, if any, and the
Seller shall, at his own expense, appear, defend and pay all charges of attorneys and all costs and other expenses
arising therefrom of incurred in connection therewith, and, if anyjudgment shall be rendered against the Buyer in any
such action, the Seller shall, at its own expenses, satisfy and discharge the same Seller expressly understands and
agrees that any bond required by this contract. or otherwise provided by Seller, shall in no way limit the
responsibility to indemnify, keep and save harmless and defend the Buyer as herein provided.
23. TIME. It is hereby expressly agreed and understood that time is of the essence for the performance of this
contract, and failure by contract to meet the time specifications of this agreement will cause Seller to be in default
of this agreement.
24. MBE. The City of Lubbock hereby notifies all bidders that in regard to any contract entered into pursuant to
this request, minority and women business enterprises will be afforded equal opportunities to submit bids in response
to this invitation and will not be discriminated against on the grounds of race, color, sex or natural origin in
consideration for an award.
25. NON -ARBITRATION. The City reserves the right to exercise any right or remedy to it by law, contract, equity, or
otherwise, including without limitation. the right to seek any and all forms of relief in a tour of competent
jurisdiction. Further, the City shall not be subject to any arbitration process prior to exercising its unrestricted
right to seek judicial remedy. The remedies set forth herein are cumulative and not exclusive, and may be exercised
concurrently. To the extent of any conflict between this provision and another provision in, or related to, this dmcumcm,
this provision shall control.
26. RIGHT TO AUDIT. At any time during the tern of the contract, or thereafter, the City, or a duly authorized
audit representative of the City or the State of Texas, at its expense and at reasonable times, reserves the right to
audit Contractor's records and books relevant to all services provided to the City under this Contract. In the even¢ such
an audit by the City reveals any errors or overpayments by the City. Contractor shall refund the City the full amount
of such overpayments within thirty (30) days of such audit findings, or the City, at its option, reserves the right to
deduct such amounts owing the City from any payments due Contractor.
27. The Contractor shall not assign or sublet the contract, or any portion of the contract, without written consent from
the Director of Purchasing and Contract Management.
28. Contracts with Companies Engaged in Business with Iran. Sudan, or Foreign Terrorist Organization Prohibited.
Pursuant to Section 2252.152 of the Texas Government Code, prohibits the City from entering into a contract with a
vendor that is identified by The Comptroller as a company known to have contracts with or provide supplies or service
with Iran, Sudan or a foreign terrorist organization
29. Texas Government Code. Section 2252.908 requires a business entity entering into certain contracts with a
governmental entity or state agency to file with the governmental entity or state agency a disclosure of interested parties
at the time the business entity submits the signed contract to the governmental entity or state agency. Instructions for
completing Form 1295 are available at: htm: ww%v.c0ubbock.tx.usdepartmental-
30. No Boycott of Israel. Pursuant to Section 2271.002 of the Texas Government Code, Respondent certifies that
either (i) it meets an exemption criteria under Section 2271.002; or (ii) it does not boycott Israel and will not boycott
Israel during the term of the contract resulting from this solicitation. Respondent shall state any facts that make a
exempt from the boycott certification in its Response.
31. No Boycott of Energy Companies. Pursuant to Section 2274 of the Texas Government Code. Respondent
certifies that either (i) it meets an exemption criteria under Section 2274.002; or (ii) it does not boycott Energy
Companies and will not boycott Energy Companies during the term of the contract resulting from this solicitation.
Respondent shall state any facts that make it exempt from the boycott certification in Its Response.
32. No Boycott of a Firearm Entity or Firearm Trade Association. Pursuant to Section 2274 of the Texas
Government Code. Respondent certifies that either (i) it mats an exemption criteria under Section 2274.002: or
does not boycott a Firearm Entity or Firearm Trade Association and will not boycott a Firearm Entity or Firearm
Trade Association during the term of the contract resulting from this solicitation. Respondent shall state any facts that
make it exempt from the boycott certification in its Response.
33. Contracts with Companies Engaged in Business with Iran. Sudan, or Foreign Terrorist Organization Prohibited.
Pursuant to Section 2252.152 of the Texas Government Code, prohibits the City from entering into a contract with a
vendor that is identified by The Comptroller as a company known to have contracts with or provide suppler or
service with Iran. Sudan or a foreign terrorist organization
34. TEXAS PUBLIC INFORMATION ACT. The requirements of Subchapter J. Chapter 552. Government Code.
may apply to this contract and the contractor or vendor agrees that the contract can be terminated if the contractor or
vendor knowingly or intentionally fails to comply with a requirement of that subchaptcr..
35. Pursuant to Section 552.301(c) of the Texas Government Code, the City of Lubbock has designated the following
email address for which public information requests may be made by an emailed request: ;In? mvlubbock. us. Pk=
send this request to this email address for it to be processed
15. TERMINATION. The performance of work under this order may be terminated in whole, or in part by the Buyer
REV. 3/2022
Fm,T*N
Powering &a,r? w Worldwide
Eaton UPS Service Quote: 395893-3 Curtis Mitchell, Sr. Service Sales Representative
Quote Date: 09/20/2022 Eaton Corporation
(Effective until 10/20/2022) 637 Westport Pkwy
Suite 200
Grapevine, TX 76051
972-342-1568
Email: curtisjmitchell@eaton.com
Prepared For: For Covered Equipment at Site: _
Billing Contact: Rob Keinast, Deputy Chief Site Contact: Rob Keinast, Deputy Chief
Billing Company: City OF Lubbock Fire Rescue Site Company: City OF Lubbock Fire Rescue
1515 E Ursuline 1515 E Ursuline
Lubbock, TX 79403 Lubbock, TX 79403
806-535-4156 806-535-4156
Email: rkeinast@mylubbock.us Email: rkeinast@mylubbock.us
We are pleased to provide the following services proposal for your power quality equipment. Please refer to the Scopes of Work
(SOW) for descriptions of service coverage and exclusions. Eaton Corporation terms and conditions (Eaton Corp. Service Agreement
T-0 attachment) govern this proposal, and any purchase order submitted to Eaton pursuant thereto. Additional or different terms
proposed by Buyer, whether in its purchase order or otherwise, shall not be binding upon Eaton Corporation and are hereby rejected
unless expressly agreed to in writing by Eaton Corporation. Eaton Corporation cannot be held liable, and Buyer shall not be entitled to
any damages and/or indemnifications, in case Eaton Corporation is prevented, hindered or delayed from or in performing any of its
obligations resulting from the impact of the outbreak of COVID-19 for reasons not attributable to Eaton Corporation.
Serial Number New/Renewal Model Description
EL374CCC10 N 9390-100-120
Quantity 1, Eaton 9390-100-120, VRLA Sealed, 160
Coverage Start Date: 10/1/22 Coverage End Date: 9/30/2025
PWH R1 2540W4FR, Corrective Labor Coverage extended from 1 to 3-yrs
(BL07CBXX)
• N/A Response Time
• EOSL Status Active; Moving to Best Effort on Jan 1, 2027
Battery Type, Quantity Coverage Type
VRLA Sealed, 160 Battery Labor
Adder
Term: 3 Years
Contract Subtotal:
Unit Unit Extended
List Price Net Price Net Price
$3,732.00 $2,425.80 $2,425.80
$3,732.00 $2,425.80 $2,425.80
Battery Replacement Items
• 1x PWHR12540W4FR, 7x24 Battery Replacement, 160 Jars( 153700004-002 ) $147,505.60 $81,496.84 $81,496.84
Supporting Documents: T-0, R-9, W-1, R-11, R-13
Battery Replacement Subtotal: $147,505.60 $81,496.84 $81,496.84
9390-100-120 Total Price: $151,237.60 $83,922.64 $83,922.64
Site Location Model Serial Number Quantity
City OF Lubbock Fire 9390-100-120 EL374CCC10 1 $83,922.64
Rescue
Subtotal: 1 $83,922.64
List Price
Net Price
Grand Total Price:
$151,237.60
$83,922.64
Fm,T*N
Powering &s+' w Worldwide
Dollars Saved': $67,314.96
I Applicable Discounts: Multi Battery Replacement, 35.00% Negotiated
• Contract Payment Terms: Net 30 days, Billing Cycle: Payment Upfront
• Non Contract Payment Terms: Net 30 days, Billing Cycle: Upon Completion
• Important Tax Notice: Tax is not included in the above purchase price. All orders will be subject to all applicable sales tax unless a
current tax exemption certificate is on file covering the state shown in the ship -to address or service equipment location.
• To purchase (renew) your service contract, please sign and date below.
• Return all attachments with purchase order for Eaton products to:
o Eaton Corporation, 8609 Six Forks Road, Raleigh, NC 27615, Tel 800/843-9433, Fax 800/228-1899.
o Make Payments for Eaton products to: Eaton Corporation, 29085 Network Place, Chicago, IL 60673-1290
• Return all attachments with purchase order for PDI products to:
o PDI products to: Power Distribution, Inc. (PDI), 4200 Oakleys Court, Richmond, VA 23223
o Make Payments for PDI products to: Power Distribution, Inc. (PDI), 4200 Oakleys Court, Richmond, VA 23223
Accepted By: Name Title Date Purchase Order Number
Print Name:
Attachment A
Auto Liability Requirements: $1M/occurrence is needed.
Commercial General Liability Requirements: $1M occurrence / $2M aggregate (can be
combined with an Excess Liability to meet requirement). Commercial General Liability to include
Products-Completion/OP, Personal and Advertising Injury, Contractual Liability, Fire Damage
(any one fire), and Medical Expenses (any one person).
Professional Liability Requirements: $1 M occurrence / $2M aggregate.
Workers Compensation Requirements: Statutory. If the vendor is an independent contractor
with no employees and are exempt from providing Workers' Compensation coverage, they must
sign a waiver (obtained from COL Purchasing) and include a copy of their driver's license.
Employer Liability ($1) is required with Workers Compensation.
* The City of Lubbock (including its officials, employees and volunteers) shall be afforded
additional insured status on a primary and non-contributory basis on all liability policies
except professional liabilities and workers' comp.
* Waivers of Subrogation are required for CGL, AL, and WC.
* To Include Products of Completed Operations endorsement.
* Carrier will provide a 30-day written notice of cancellation, 10-day written notice for
non-payment.
* Carriers must meet a A.M. Best rating of A- or better.
* Subcontractors must carry same limits as listed above.
Um"T 9 N
Powering Business Worldwide
October 20, 2022
City of Lubbock
Attn: Raul Salazar
1314 Avenue K
Lubbock,TX 79401
Eaton Corporation
On behalf of its Power Quality Division
8609 Six Forks Road
Raleigh, NC 27615
Please see below for the most recent press release regarding dividends to Eaton
Shareholders as evidence that Eaton is a publicly- traded company
Kyle Schooley
Contract Support Team Supervisor
DUBLIN--(BUSINESS WIRE)--Ju127, 2022--
The Board of Directors of power management company Eaton (NYSE:ETN) today
declared a quarterly dividend of $o.81 per ordinary share. The dividend is payable August
26, 2022, to shareholders of record at the close of business on August 12, 2022. Eaton has
paid dividends on its shares every year since 1923.
Eaton is an intelligent power management company dedicated to improving the quality of
life and protecting the environment for people everywhere. We are guided by our
commitment to do business right, to operate sustainably and to help our customers
manage power — today and well into the future. By capitalizing on the global growth
trends of electrification and digitalization, we're accelerating the planet's transition to
renewable energy, helping to solve the world's most urgent power management
challenges, and doing what's best for our stakeholders and all of society.
Founded in 1911, Eaton has been listed on the NYSE for nearly a century. We reported
revenues of $19.6 billion in 2021 and serve customers in more than 170 countries. For
more information, visit www.eaton.com.
Eaton declares quarterly dividend payable November 15, 2019 1
October 22, 2019
DUBLIN, Ireland ... The Board of Directors of power management company Eaton (NYSE:ETN) today
declared a quarterly dividend of $0.71 per ordinary share. The dividend is payable November 15, 2019
to shareholders of record at the close of business on November 1, 2019.
For U.S. tax purposes, Eaton estimates that all of the 2019 dividend will be treated as a return of
capital to shareholders, to the extent of the shareholder's tax basis in the shares. For U.S. tax
purposes, Eaton estimates that all of any 2020 dividend will be treated as dividend income and not
return of capital as has been the case in prior years. Additional information about the tax treatment of
the dividend, including actual return of capital information for 2018, is available at the investor relations
page of the Eaton website, www.eaton.com.
Eaton has paid dividends on its shares every year since 1923.
Eaton is a power management company with 2018 sales of $21.6 billion. We provide energy -efficient
solutions that help our customers effectively manage electrical, hydraulic and mechanical power more
efficiently, safely and sustainably. Eaton is dedicated to improving the quality of life and the
environment through the use of power management technologies and services. Eaton has
approximately 100,000 employees and sells products to customers in more than 175 countries.