EXHIBIT 10.01-04

AMENDMENT NO. 4 OF
ARIZONA NUCLEAR POWER PROJECT
PARTICIPATION AGREEMENT

PARTIES:
ARIZONA PUBLIC SERVICE COMPANY, a corporation organized and existing under and
by virtue of the laws of the State of Arizona, hereinafter referred to as
"Arizona," SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT, an
agricultural improvement district organized and existing under and by virtue of
the laws of the State of Arizona, hereinafter referred to as "Salt River
Project," SOUTHERN CALIFORNIA EDISON COMPANY, a corporation organized and
existing under and by virtue of the laws of the State of California, hereinafter
referred to as "Edison," PUBLIC SERVICE COMPANY OF NEW MEXICO, a corporation
organized and existing under and by virtue of the laws of the State of New
Mexico, hereinafter referred to as "PNM," and EL PASO ELECTRIC COMPANY, a
corporation organized and existing under and by virtue of the laws of the State
of Texas, hereinafter referred to as "El Paso."
DATED: As of December 15, 1977.
WHEREAS, Arizona, Salt River Project, Edison, PNM and El Paso are parties to a
certain agreement entitled Arizona Nuclear Power Project Participation
Agreement, dated as of August 23, 1973, as amended by Amendment No. 1, dated as

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of January 1, 1974, Amendment No. 2, dated as of August 28, 1975, and Amendment
No. 3, dated as of July 22, 1976 (hereinafter as so amended "Participation
Agreement"):
WHEREAS, the Participants recognize that under certain circumstances it may be
desirable that a Participant other than the Project Manager or Operating Agent
acquire for the benefit of such Participant, and all other Participants as
well, the fee title or other lesser property rights or interests in and to lands
required for or useful in the construction, operation or maintenance of ANPP;
THEREFORE, in consideration of the premises and the mutual covenants and
obligations of parties as hereinafter set forth, the parties hereto agree that
the Participation Agreement be and hereby is amended as follows:
1.    Section 7.4 is amended to read as follows:
"7.4    Each Participant shall provide to the extent possible all assistance
required by the Project Manager in the performance of its obligations hereunder
and such Participant shall be reimbursed for its costs and expenses incurred in
providing such assistance on such terms and conditions as may be agreed upon by
such Participant and the Project Manager. Each Participant shall, within sixty
(60) days after the execution of this Participation Agreement, submit to the
Project Manager any special requirement it may have regarding accounting,
records, or information in order that all

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required records may be maintained in the same manner throughout the
construction and final completion of ANPP. The Project Manager shall use its
best efforts to accommodate said special requirements. Where acquisition or
immediate possession of rights-of-way, easements or real property are necessary,
and the Project Manager and a Participant determine that such acquisition may
best be accomplished by the Participant, the Project Manager shall request
assistance of the Participant in writing and the assistance shall be provided
in conformance with the terms of this paragraph."
2.
The Participation Agreement, as amended by this Amendment No. 4, shall remain in
full force and effect.

WHEREFORE, the parties have executed this Amendment No. 4 as of the date first
set forth above.
 
 
 
 
ARIZONA PUBLIC SERVICE COMPANY

 
 
 
 
 
 
 
 
 
 
By
/s/ [ILLEGIBLE]
 
 
 
 
 
Its
Executive Vice President
 
 
 
 
 
 
 
 
ATTEST:

 
 
 
 
 
 
 
 
 
 
 
/s/ [ILLEGIBLE]
 
 
 
 
 
Its
 Assistant Secretary
 
 
 
 
 
 
 
 
 
SALT RIVER PROJECT AGRICULTURE IMPROVEMENT AND POWER DISTRICT
 
 
 
 
 
 
 
 
 
 
 
 
By
 
 
 
 
 
 
Its
 
 
 
 
 
 
 
 
 
ATTEST AND COUNTERSIGN:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Its
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

        
    

    

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SOUTHERN CALIFORNIA EDISON COMPANY

 
 
 
 
 
 
 
 
 
 
By
/s/ [ILLEGIBLE]
 
 
 
 
 
Its
Vice President
 
 
 
 
 
 
 
 
 
ATTEST:

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
/s/ [ILLEGIBLE]
 
 
 
 
 
 
Its
Assistant Secretary
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PUBLIC SERVICE COMPANY OF NEW MEXICO

 
 
 
 
 
 
 
 
 
 
 
 
 
By
/s/ C. D. Bedford
 
 
 
 
 
Its
Vice President
 
 
 
 
 
 
 
 
 
/s/ B. B. Lopez
 
 
 
 
 
 
Its
Assistant Secretary
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EL PASO ELECTRIC COMPANY
 
 
 
 
 
 
 
 
 
 
 
 
 
By
/s/ [ILLEGIBLE]
 
 
 
 
 
Its
Senior Vice President
 
 
 
 
 
 
 
 
 
ATTEST:

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
/s/ Theta S. Fields
 
 
 
 
 
 
Its
Secretary
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

STATE OF ARIZONA
)
 
 
 
)
ss.
County of Maricopa
)
 

On this /s/[ILLEGIBLE] day of December, 1977, before me, the undersigned Notary
Public, personally appeared [ILLEGIBLE] and [ILLEGIBLE], who
acknowledged themselves to be the [ILLEGIBLE] and [ILLEGIBLE] of ARIZONA PUBLIC
SERVICE COMPANY, an Arizona corporation, and that they as such officers,
being authorized so to do, executed the foregoing instrument for the purposes
therein contained by signing the name

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of the company by themselves as such [ILLEGIBLE] and [ILLEGIBLE].

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

/s/[ILLEGIBLE]
Notary Public

My commission expires:

My Commission Expires Aug. 30, 1981

STATE OF ARIZONA
)
 
 
 
)
ss.
County of Maricopa
)
 

On this ____ day of __________, 1977, before me, the undersigned Notary Public,
personally appeared ______________________________ and
______________________________ who acknowledged themselves to be the
______________________________ and ______________________________ of SALT RIVER
PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT, an Arizona agricultural
improvement district, and that they as such officers, being authorized so to do,
executed the foregoing instrument for the purposes therein contained by signing
the name of the company by themselves as such ______________________________ and
______________________________.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.
        
 
Notary Public

My commission expires:

___________________________

STATE OF CALIFORNIA
)
 
 
 
)
ss.
County of Los Angeles
)
 

On this ______ day of ________________, 1977, before me, the undersigned Notary
Public, personally appeared _______________________________________________ and
_______________________________ who acknowledged themselves to be the
__________________________________ and __________________________________
of SOUTHERN CALIFORNIA EDISON COMPANY, a California corporation, and that they
as

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such officers, being authorized so to do, executed the foregoing instrument for
the purposes therein contained by signing the name of the company by themselves
as such __________________ and __________________.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

    
 
Notary Public

My commission expires:        
_______________________    

STATE OF NEW MEXICO
)
 
 
 
)
ss.
County of Bernalillo
)
 

On this 6th day of January, 1978, before me, the undersigned Notary Public,
personally appeared [ILLEGIBLE] and [ILLEGIBLE], who acknowledged themselves to
be the Vice President and Assistant Secretary of PUBLIC SERVICE COMPANY OF NEW
MEXICO, a New Mexico corporation, and that they as such officers,
being authorized so to do, executed the foregoing instrument for the purposes
therein contained by signing the name of the company by themselves as such Vice
President and Assistant Secretary.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

    
[ILLEGIBLE]
Notary Public

My commission expires:        

Jan. 4, 1981    

STATE OF TEXAS
)
 
 
 
)
ss.
County of El Paso
)
 

On this 6th day of January, 1978, before me, the undersigned Notary Public,
personally appeared R. E. York and ______________________________, who
acknowledged themselves to be the Senior Vice President

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and _______________________________ of EL PASO ELECTRIC COMPANY, a Texas
corporation, and that they as such officers, being authorized so to do, executed
the foregoing instrument for the purposes therein contained by signing the name
of the company by themselves as such __________________________________ and
_______________________.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.
 
 
 
/s/ Cecelia R. Shea
 
 
 
Notary Public
 
 
 
Cecelia R. Shea, Notary Public
 
 
 
in and for the County of El Paso County, Texas

My commission expires:
 
My commission expires 3-31-79

3-31-1979
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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