Exhibit 10.2.1.4

 

ATTACHMENT 5

 

REVISED DISBURSEMENT AGREEMENT

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RATE DESIGN AND FUNDS DISBURSEMENT AGREEMENT

 

This Rate Design and Funds Disbursement Agreement (this “Disbursement
Agreement”), effective as of the Operations Date (the “Effective Date”) is made
and entered into by and among [The names of the Initial PTOs will be submitted
in a compliance filing prior to the Operations Date.] (herein collectively
referred to as the “Initial Participating Transmission Owners”), along with any
Additional Participating Transmission Owners or Independent Transmission
Companies (as defined in that Transmission Operating Agreement (“TOA”) between
the Initial Participating Transmission Owners and the ISO New England Inc.
(“ISO”)). The Initial Participating Transmission Owners, the Additional
Participating Transmission Owners, and the Independent Transmission Companies
are collectively referred to herein as the “Transmission Companies” and
individually each is referred to as a “Transmission Company”. All capitalized
terms used herein and not otherwise defined herein shall have the meanings
assigned to such terms in the TOA.

 

RECITALS

 

WHEREAS, each of the Transmission Companies owns and/or operates certain
transmission facilities that are interconnected with the transmission facilities
of certain other Transmission Companies within the transmission system operated
by the ISO, or otherwise provides transmission service within the New England
Transmission System;

 

WHEREAS, the ISO is a regional transmission organization (“RTO”) authorized by
the Federal Energy Regulatory Commission (“FERC”) to exercise the functions
required of RTOs pursuant to FERC’s Order No. 2000 and FERC’s RTO regulations;

 

WHEREAS, each of the PTOs has entered into the TOA with the ISO, and any ITC
will enter into an ITC Agreement with the ISO, whereby the ISO will be the
regional transmission provider under the ISO Open Access Transmission Tariff
(“ISO OATT”) of transmission services over the Transmission Facilities of the
Transmission Companies (“Transmission Service”);

 

WHEREAS, the ISO shall invoice transmission customers for regional Transmission
Services and remit payments for Invoiced Amounts to the Transmission Companies
in accordance with the TOA;

 

WHEREAS, the Transmission Companies wish to establish the procedures for
disbursing to each Transmission Company its proper allotment of the Invoiced
Amounts; and

 

WHEREAS, the Transmission Companies also wish to establish the procedure for
reaching agreement on joint Transmission Company filings relating to rate design
and other provisions of the ISO OATT under Section 205 of the Federal Power Act
(“Section 205”).

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NOW, THEREFORE, in consideration of the promises, and the mutual
representations, warranties, covenants and agreements hereinafter set forth, and
for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, and intending to be legally bound, each of the
Transmission Companies agrees as follows:

 

Article I. JOINT TRANSMISSION COMPANY FILINGS UNDER SECTION 205

 

Section 1.01 Application Authority. As more fully set forth in Sections,
2.05(a), 3.03(d) and 3.04(b) of the TOA and as may be set forth in comparable
provisions of one or more ITC Agreements, the Transmission Companies, acting
jointly, shall have the authority to submit filings under Section 205 to amend
pro forma interconnection agreements, to establish and amend pro forma Local
Service Agreements, and to establish and to revise the design of the rates and
charges for service provided by the Transmission Companies collectively pursuant
to which the revenue requirements for all facilities of the Transmission
Companies used for the provision of Transmission Service are recovered
(“Regional Transmission Service”). The Transmission Companies may also elect,
through the joint exercise of the individual filing rights set forth in
Section 3.04(a) of the TOA and as may be set forth in comparable provisions of
one or more ITC Agreements to submit joint filings under Section 205 to
establish common terms and conditions applicable to Local Service provided by
some or all of the Transmission Companies. Collectively, all of the joint
Section 205 filings described in this Section 1.01 shall be referred to
hereafter as “Joint Transmission Company Filings”.

 

Section 1.02 Agreement to Joint Transmission Company Filings.

 

(a) Those Transmission Companies supporting a proposed Joint Transmission
Company Filing will be authorized to make a joint Section 205 filing upon a vote
of the Transmission Companies approving such a filing that satisfies each of the
following criteria:

 

  (i) Transmission Companies shall have cast Individual Votes in favor of such a
proposed Section 205 filing in a number equal to or greater than sixty-five
(65) percent of the aggregate Individual Votes of all the Transmission Companies
at the time of voting;

 

  (ii) A number of Non-Affiliated Transmission Companies that have Supporting
Votes that are equal to either (x) fifty percent (50%) of all Non-Affiliated
Transmission Companies or (y) four (whichever is less) shall have cast votes in
favor of such a proposed Joint Transmission Company Filing; and

 

  (iii) The negative vote of a single PTO with Individual Votes equal to
thirty-five (35) but not more than fifty (50) percent of the aggregate
Individual Vote of the Transmission Companies shall not cause the filing to be
disapproved by the Transmission Companies if the combined Individual Votes of
the Transmission Companies voting in favor of the filing are equal to or greater
than ninety-five (95) percent of the Individual Votes of all the remaining
Transmission Companies. The negative vote of a single PTO with Individual Votes
greater than fifty (50) percent of the aggregate Individual Votes of the
Transmission Companies voting shall cause the filing to be disapproved by the
Transmission Companies.

 

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(b) “Non-Affiliated Transmission Companies” as used in this Disbursement
Agreement shall mean two or more Transmission Companies that are not Affiliates,
as defined in the TOA.

 

(c) During the Moratorium Period established in Section 3.04(h) of the TOA, the
Transmission Companies shall not submit a filing under Section 205 of the
Federal Power Act to modify provisions or schedules of the ISO OATT, including
Schedules 9, 11, or 12 of the ISO OATT (or any successor schedules thereto), in
a manner that would modify:

 

  (i) the split between PTF and Non-PTF Transmission Facilities in effect prior
to the Operations Date for purposes of allocating costs to Transmission
Customers;

 

  (ii) the methodology by which the costs of Transmission Upgrades related to
generator interconnections are regionally allocated; or

 

  (iii) the methodology by which the costs of New Transmission Facilities and
Transmission Upgrades are regionally allocated under the ISO OATT.

 

(d) The PTO Administrative Committee shall, on the joint behalf of the
Transmission Companies, give notice to the ISO of Transmission Company meetings
and agendas related to rate design filings. For purposes of taking actions under
this Disbursement Agreement, a Transmission Company that is an ITC shall have
the right to participate in the PTO Administrative Committee under the same
terms and conditions as a Participating Transmission Owner. Any meetings of the
PTO Administrative Committee or votes taken by the Transmission Companies for
purposes of taking actions under this Disbursement Agreement shall be subject to
the scheduling, notice, quorum and other requirements set forth in Schedule
11.04 of the TOA.

 

(e) Each Transmission Company, including each participating ITC, if any,
reserves the right to protest or file a complaint concerning any Section 205
filing made pursuant to this Agreement.

 

Article II. FUNDS DISBURSEMENT

 

Section 2.01 Disbursement of Transmission Revenues. The Transmission Companies
agree that payments made to the ISO for Invoiced Amounts shall be divided among
the Transmission Companies in accordance with this Section 2.01. For the
purposes of this Section 2.01, capitalized terms used herein and not otherwise
defined herein or in the TOA shall have the meanings assigned to such terms in
the ISO OATT as in effect as of the Effective Date, or as may be amended from
time to time in Section 205 filings submitted by the Transmission Companies
pursuant to Section 1.02(a) and approved or accepted by FERC.

 

  (a)

Regional Network Service. The revenues received by the ISO for Regional Network
Service shall be distributed to the Transmission Companies owning or supporting
PTF in

 

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proportion to their respective Annual Transmission Revenue Requirements for PTF,
as determined in accordance with the ISO OATT, provided that with respect to
VELCO, the revenues distributed for Regional Network Service will not only
include distribution for VELCO’s PTF in proportion to their respective PTF
Annual Transmission Revenue Requirements, but will also include distribution for
HTF in proportion to these respective HTF Annual Transmission Revenue
Requirements, to the extent such revenue requirements are included in the RNS
rate pursuant to the ISO Tariff, further provided that VELCO shall redistribute
such HTF revenues to the transmission owners of the HTF in accordance with an
agreement between VELCO and the transmission owners of the HTF.

 

  (b) Through or Out Service Revenues. The revenues received by the ISO for
Through or Out Service shall be distributed among the Transmission Companies
owning PTF and HTF on the basis of allocated flows for the transaction
determined in accordance with the methodology specified in Exhibit A to this
Disbursement Agreement, provided that VELCO shall redistribute such Through or
Out Service revenues to the transmission owners of the HTF in accordance with an
agreement between VELCO and the transmission owners of the HTF.

 

  (c) Scheduling, System Control and Dispatch Service Payments. The revenues
received by the ISO pursuant to Schedule 1 of the ISO OATT as in effect from
time to time or, if Schedule 1 ceases to exist, the successor to Schedule 1, to
cover the expenses incurred by Transmission Companies for providing Scheduling,
System Control and Dispatch Service for transmission service over the PTF shall
be allocated each month among the Transmission Companies whose Local Control
Center costs or other costs are reflected in the computation of the surcharge
for the service in proportion to the costs for each which are reflected in the
computation of the surcharge.

 

  (d)

Redirection of Erroneous Payments. To the extent that any Transmission Company
receives payments due to another Transmission Company under the terms of this
Section 2.01, such Transmission Company shall redirect such misdirected payments
to the appropriate Transmission Company as soon after discovery of the
misdirected payments as practicable, together with an amount equal to the
interest accruing on such misdirected payment from the date of receipt of such
payment to the date payment is redirected to the proper recipient at a rate
equal to the Overnight Funds Rate for the applicable period; provided, however,
that if a Transmission Company fails to redirect any such misdirected payment
within thirty (30) days following the date of discovery by such Transmission
Company of such misdirected payment, such Transmission Company shall pay to the
proper recipient of the payment, in addition to the amount of such misdirected
payment, an amount equal to the interest accruing on such misdirected payment
from the date of receipt of such payment at a rate equal to the applicable Prime
Rate plus three percent per annum. Such Transmission Company shall also provide
the proper recipient with notification of the erroneous payments within five
(5) business days of discovery of the

 

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mispayment. For purposes of this Section 2.01(d), the “Overnight Funds Rate”
shall mean the inter-bank overnight funds rate.

 

  (e) In the event that the Transmission Companies are required by a
Governmental Authority to issue a refund or refunds of such rates and charges,
each Transmission Company shall remit it’s respective share of the refunds, as
determined in accordance with the ISO Tariff and the order of the Governmental
Authority, to the ISO.

 

  (f) Application of this Section 2.01. Each Transmission Company shall direct
any questions or requests for clarification concerning the application or
interpretation of this Section 2.01 to the PTO Administrative Committee (or such
subcommittee as the PTO Administrative Committee shall designate for such
purpose) and the directions of the PTO Administrative Committee shall be binding
on all parties to this Agreement. The PTO Administrative Committee (or such
subcommittee as the PTO Administrative Committee shall designate for such
purpose) shall also respond to any ISO questions or requests for clarification
concerning the application or interpretation of this Section 2.01; provided
further that the ISO shall be able to rely upon the decision of the PTO
Administrative Committee unless and until it receives notification from the PTO
Administrative Committee of reversal of such direction by any Governmental
Authority with jurisdiction over this Agreement.

 

Article III. MISCELLANEOUS

 

Section 3.01 This Disbursement Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns,
including any Independent Transmission Companies (“ITCs”) formed by a
Participating Transmission Owner to the extent the Participating Transmission
Owner elects to assign any of its rights and responsibilities hereunder to such
an ITC, and no other Persons shall have any rights herein. No transferee,
successor or assign of any Participating Transmission Owner shall have any
rights hereunder until notice and evidence of such transfer, succession or
assignment has been provided to the Trustee and to the other Transmission
Companies.

 

Section 3.02 This Disbursement Agreement may be executed in one or more
counterparts and each of such counterparts shall, for all purposes, be deemed to
be an original, but all counterparts together shall constitute one and the same
instrument. Signatures sent to the other parties by: (a) personal delivery
thereof, including by a recognized next-day courier service; (b) certified
United States mail, postage prepaid, return receipt requested; or (c) facsimile
transmission shall be binding as evidence of acceptance of the terms hereof by
such signatory party.

 

Section 3.03 Any notice, statement, or other communication which is required or
permitted hereunder shall be in writing and shall be sufficient in all respects
if delivered personally or by certified United States mail, postage prepaid,
return receipt requested, or by facsimile or by a recognized next-day courier
service, in each case addressed to each Transmission Company at its

 

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address set forth in Exhibit B. The address of a Transmission Company may be
changed from time to time by giving notice in the manner prescribed in this
paragraph. All such notices or communications will be effective (i) upon mailing
or transmission, if mailed or sent by facsimile, (ii) upon receipt, if
personally delivered, and (iii) on the first Business Day following the date of
dispatch, if delivered by a nationally recognized next-day courier service.

 

Section 3.04 This Disbursement Agreement shall be governed by and construed in
accordance with the laws of the District of Columbia, including all matters of
construction, validity and performance without regard to the conflicts-of-laws
provisions thereof.

 

Section 3.05 If any one or more provisions in this Disbursement Agreement, for
any reason, shall be determined to be invalid, illegal, or unenforceable in any
respect, the validity, legality and enforceability of any such provision in any
other respect and the remaining provisions of this Disbursement Agreement shall
not be in any way impaired.

 

Section 3.06 No failure or delay on the part of any party in the exercise of any
power or right hereunder shall operate as a waiver thereof. No single or partial
exercise of any right or power hereunder shall operate as a waiver of such right
or power or of any other right or power. The waiver by any party of a breach of
any provision of this Disbursement Agreement shall not operate or be construed
as a waiver of any other or subsequent breach hereunder. Except as otherwise
expressly provided herein, all rights and remedies existing under this
Disbursement Agreement are cumulative with, and not exclusive of, any rights or
remedies otherwise available.

 

Section 3.07 This Disbursement Agreement shall only be subject to modification
or amendment as follows; provided, however, that no amendment that would or
could be expected to affect a Transmission Company in a manner which is more
adverse than its effect on other Transmission Companies shall be effective with
respect to the more adversely affected PTO without the prior written consent of
such PTO, and further provided that no amendment to Section 2.01 of this
Disbursement Agreement that would or could be expected to increase the risk of a
PTO’s recovery of its revenue requirements shall be effective with respect to
such PTO without the express consent of such PTO.

 

(a) Agreement to Amendment of Articles II and III of this Disbursement
Agreement. The Transmission Companies will be deemed to have agreed to an
amendment to Articles II and III of this Disbursement Agreement upon a vote of
the Transmission Companies that satisfies each of the following criteria:

 

  (i) Transmission Companies shall have cast Individual Votes in favor of such
amendment in a number equal to or greater than sixty-five (65) percent of the
aggregate Individual Votes of all the Transmission Companies at the time of
voting;

 

  (ii) A number of Non-Affiliated Transmission Companies that have Supporting
Votes that are equal to either (x) fifty percent (50%) of all Non-Affiliated
Transmission

 

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Companies or (y) four (whichever is less) shall have cast votes in favor of such
an amendment; and

 

  (iii) The negative vote of a single Transmission Company with Individual Votes
equal to thirty-five (35) but not more than fifty (50) percent of the aggregate
Individual Vote of the Transmission Companies shall not cause the amendment to
fail if the combined Individual Votes of the Transmission Companies voting in
favor of the filing are equal to or greater than ninety-five percent (95) of the
Individual Votes of all the remaining Transmission Companies. The negative vote
of a single Transmission Company with Individual Votes greater than fifty
(50) percent of the aggregate Individual Votes of the Transmission Companies
voting shall cause the amendment to fail.

 

(b) Agreement to Amendment of Article I of this Disbursement Agreement. The
Transmission Companies will be deemed to have agreed to an amendment to Article
I of this Disbursement Agreement upon a vote of the Transmission Companies that
satisfies each of the following criteria:

 

  (i) Transmission Companies shall have cast Individual Votes in favor of such
amendment in a number equal to or greater than ninety-five (95) percent of the
aggregate Individual Votes of all the Transmission Companies at the time of
voting; and

 

  (ii) A number of Non-Affiliated Transmission Companies that have Supporting
Votes that are equal to either (x) seventy percent (70%) of all Non-Affiliated
Transmission Companies or (y) five (whichever is less) shall have cast votes in
favor of such an amendment.

 

Section 3.08 This Disbursement Agreement contains the entire agreement among the
Transmission Companies with respect to the transactions contemplated hereby and
supersedes all prior arrangements or understandings with respect thereto,
written or oral.

 

Section 3.09 The rights of the parties under this Disbursement Agreement are
unique and each party hereto acknowledges that the failure of a party to perform
its obligations hereunder would irreparably harm the other parties hereto.
Accordingly, the parties shall, in addition to such other remedies as may be
available at law or in equity, have the right to enforce their rights hereunder
by actions for specific performance to the extent permitted by law.

 

Section 3.10 No Transmission Company shall be liable to another Transmission
Company for any incidental, indirect, special, exemplary, punitive or
consequential damages, including lost revenues or profits, arising from an
alleged breach of this Agreement, even if such damages are foreseeable or the
damaged Transmission Company has advised such Transmission Company of the
possibility of such damages and regardless of whether any such damages are
deemed to result from the failure or inadequacy of any exclusive or other
remedy.

 

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Section 3.11 This Disbursement Agreement is not intended to confer any rights or
remedies upon any Person other than the parties hereto and their successors or
permitted assigns.

 

Section 3.12 Neither this Disbursement Agreement nor any part hereof shall be
assigned by any Transmission Company hereto except: (i) to an affiliated
corporation of such Transmission Company, provided that such affiliated
corporation shall assume the liabilities of such Transmission Company hereunder
and that such transfer shall not operate to relieve such Transmission Company of
its liabilities hereunder; (ii) to any Person to whom any or all of such
Transmission Company’s interest in Transmission Facilities or right to operate
such Transmission Facilities is transferred, including an ITC, provided that
such transferee shall assume the liabilities of the Transmission Company
hereunder; (iii) to any corporation which succeeds to substantially all of the
assets of the Transmission Company by acquisition, merger or consolidation and
which assumes all of the Transmission Company’s obligations and liabilities
hereunder; or (iv) to any other Transmission Company, provided that such
transferee Transmission Company shall assume the liabilities of the transferor
Transmission Company hereunder. The Transmission Company’s successors and
assigns shall agree to be bound by the terms of this Disbursement Agreement
except that a Transmission Company’s successors and assigns shall not be
required to be bound by any obligations hereunder to the extent that the
Transmission Company has agreed to retain such obligations.

 

Section 3.13 Each of the parties hereto agrees to cooperate with the other
parties hereto in effectuating this Disbursement Agreement and to execute and
deliver such further documents or instruments and to take such further actions
as shall be reasonably requested in connection therewith.

 

Section 3.14 Additional Participating Transmission Owners and any ITC that is a
successor to the rights and responsibilities of a Transmission Company with
respect to some or all of such Transmission Company’s Transmission Facilities
may become parties to this Disbursement Agreement without any amendment to this
Disbursement Agreement pursuant to Section 3.07 or any consent or approval of
the other Transmission Companies.

 

Section 3.15 To the extent that this Disbursement Agreement imposes additional
obligations or requirements on any Transmission Company relating to subject
matters set forth in the TOA, the Transmission Companies agree to be bound by
this Disbursement Agreement.

 

Section 3.16 In the event of any dispute among the Transmission Companies
concerning the interpretation of this Disbursement Agreement, the Transmission
Companies agree to engage in good faith negotiations to resolve such disputes;
provided that nothing in this Disbursement Agreement shall limit the right of
any Transmission Company to submit questions of interpretation of this
Disbursement Agreement to FERC or a court or agency with jurisdiction over this
Disbursement Agreement upon the conclusion of such negotiations.

 

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Section 3.17 If a Transmission Company withdraws from or terminates the TOA,
then such Transmission Company shall be deemed to have withdrawn from or
terminated this Agreement at such time as its withdrawal from or termination of
the TOA becomes effective.

 

Section 3.18 It is not the intention of this Agreement or of the Transmission
Companies thereto to confer a third party beneficiary status or rights of action
upon any Person or entity whatsoever other than the Transmission Companies and
nothing contained herein, either express or implied, shall be construed to
confer upon any Person or entity other than Transmission Companies any rights of
actions or remedies either under this Agreement or in any manner whatsoever.

 

Section 3.19 The Transmission Companies do not intend by this Agreement to
create, nor does this Agreement constitute, a joint venture, association,
partnership, corporation or an entity taxable as a corporation or otherwise. No
express or implied term, provision or condition of this Agreement shall be
deemed to constitute the Transmission Companies as partners or joint venturers.

 

Section 3.20 Absent the agreement of the Transmission Companies to any amendment
of this Disbursement Agreement pursuant to Section 3.07 hereof, the standard of
review for changes to this Disbursement Agreement proposed by a Transmission
Company, a non-party or the Federal Energy Regulatory Commission acting sua
sponte shall be the “public interest” standard of review set forth in United Gas
Pipe Line Co. v. Mobile Gas Service Corp., 350 U.S. 332 (1956) and Federal Power
Commission v. Sierra Pacific Power Co., 350 U.S. 348 (1956)

 

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IN WITNESS WHEREOF, the parties hereto have caused their respective hands and
seals to be set hereto with the intention of being bound effective in all
respects as of the date and year first herein above written.

 

[The names of the Initial PTOs will be submitted in a compliance filing prior to
the Operations Date.]

 

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EXHIBIT A

 

Methodology for Determination of Transmission Flows

 

All capitalized terms used in this Exhibit A and not otherwise defined in this
Exhibit A shall have the meanings assigned to such terms in the TOA or, to the
extent not defined in the TOA, the ISO OATT.

 

The methodology for determining parallel path transmission flows to be used in
determining the distribution of revenues received for Through or Out Service is
as follows, and shall be determined on the basis of the flows for the particular
transaction (“Transaction Flows”) for the purpose of allocating revenues from
the furnishing of Through or Out Service:

 

A. Responsibility for Calculations. The calculation of mega watt mile
allocations in accordance with this methodology shall be performed under the
direction of the PTO Administrative Committee (or such subcommittee as the PTO
Administrative Committee shall designate for such purpose).

 

B. Periodic Review. Calculations of MW-Mile allocations shall be performed
whenever significant changes to the transmission system load flows, as
determined by the PTO Administrative Committee (or such subcommittee as the PTO
Administrative Committee shall designate for such purpose), occur.

 

C. Facilities Included in the Analysis

 

  1. Transmission Lines. A calculation of MW-miles shall be determined for all
PTF and HTF lines.

 

  2. Generators. The analysis shall include all generators with a Winter
Capability equal to or greater than 10.0 MW. Multiple generators connected to a
single bus with a total Winter Capability equal to or greater than 10.0 MW shall
also be included.

 

  3. Transformers. All transformers connecting PTF and HTF transmission lines
shall be included in the analysis.

 

D. Determination of Rate Distribution

 

  1. General. Modeling of the transmission system shall be performed using a
system simulation program and associated cases as approved by the PTO
Administrative Committee (or such subcommittee as the PTO Administrative
Committee shall designate for such purpose).

 

  2.

Determination of Regional Flows. The change in real power flow (MW) over each
transmission line and transformer shall be determined for each generator (or

 

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group of generators on a single bus) by determining the absolute value of the
difference between the flows on each facility with the generator(s) modeled off
and while operating at its net Winter Capability. In addition, a generator shall
be simulated at each transmission line tie to the New England Control Area and
changes in flow determined for this generator off or while generating at a level
of 100 MW. Loads throughout the New England Control Area shall be proportionally
scaled to account for differences in generator output and electrical losses. The
changes in flow shall be multiplied by the length of each respective line.
Changes in flow through transformers shall be multiplied by a factor of five.
Changes in flow through phase-shifting transformers shall be multiplied by a
factor of ten. The resulting values represent the MW-miles associated with each
facility.

 

  3. Determination of Transaction Flows

 

  a. Definition of Supply and Receipt Areas. For the purposes of these
calculations, areas of supply and receipt shall be determined by the PTO
Administrative Committee (or such subcommittee as the PTO Administrative
Committee shall designate for such purpose). These areas shall be based on the
system boundaries of each Local Network.

 

  b. Calculation of MW-Miles. The change in real power flow (MW) over each
transmission line and transformer shall be determined for each combination of
supply and receipt areas by determining the absolute value of the difference
between the flows on each facility following a scaled increase of the supplying
areas generation by 100 MW. Loads in the area of receipt shall be scaled to
account for changes in generation and electrical losses. In instances where the
areas of supply and/or receipt are outside the New England Control Area, the
changes in real power flow will be determined only for facilities within the New
England Control Area. The changes in flow shall then be multiplied by the length
of each respective line. Changes in flow through transformers shall be
multiplied by a factor of five. Changes in flow through phase-shifting
transformers shall be multiplied by a factor of ten. The resulting values
represent the MW-miles associated with each facility.

 

  4. Assignment of MW-Miles to Transmission Companies. Each Transmission Company
shall have assigned to it the MW- miles associated with each PTF and HTF
facility for which it has full ownership and for which there are no arrangements
in effect by which other Transmission Companies support the facility. For
facilities that are jointly owned and/or supported, each Transmission Company
shall be assigned MW-miles in proportion to the percentage of its ownership of
jointly-owned facilities and/or the percentage of its support for facilities
that are jointly supported to the extent such support payments are included in
the determination of Annual Transmission Revenue Requirements.

 

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EXHIBIT B

 

Notice Addresses