##### 








---



##### 



FINAL
 
 PARTICIPATION
AGREEMENT (A1)
   TENNESSEE VALLEY AUTHORITY,
 NVG NETWORK I STATUTORY TRUST,
 WELLS FARGO DELAWARE TRUST COMPANY,
 WACHOVIA MORTGAGE CORPORATION,
 WILMINGTON TRUST COMPANY,
  WILMINGTON TRUST COMPANY,
 Lease of Control,Monitoring And Data Analysis Network




---



##### 



TABLE OF CONTENTS
 PageSECTION 1. DEFINITIONS; INTERPRETATION OF THIS PARTICIPATION AGREEMENT
    
    2SECTION 2. PARTICIPATION; CLOSING DATE; TRANSACTION COSTS
    
    2Section 2.1 Agreements to Participate
    
    2Section 2.2 Closing Date; Procedure for Participation
    
    3Section 2.3 Postponement of Closing; Investment of Funds
    
    4Section 2.4 Transaction Costs
    
    5SECTION 3. REPRESENTATIONS AND WARRANTIES
    
    5Section 3.1 Representations and Warranties of TVA
    
    5Section 3.2 Representations and Warranties of the Owner Lessor
    
    10Section 3 .3 Representations and Warranties of the Owner Trustee and the Trust Company
    
    11Section 3.4 Representations and Warranties of the Owner Participant
    
    13SECTION 4. CLOSING CONDITIONS; CONDITIONS TO PURCHASE OF LESSOR NOTE
    
    14SECTION 5. COVENANTS OF TVA
    
    18Section 5.1 Delivery of Financial Statements; No Default Certificate; Information Concerning the Network
    
    18Section 5.2 Residual Value Insurance
    
    19Section 5.3 Further Assurances
    
    19SECTION 6. COVENANTS OF THE TRUST COMPANY, THE OWNER TRUSTEE AND THE OWNER LESSOR
    
    20Section 6.1 Compliance with the Trust Agreement
    
    20Section 6.2 Owner Lessors Liens
    
    20Section 6.3 Amendments to Operative Documents
    
    20Section 6.4 Transfer of the Owner Lessors Interest
    
    21Section 6.5 Owner Lessor; Lessor Estate
    
    21Section 6.6 Limitation on Indebtedness and Actions
    
    21Section 6.7 Change of Location
    
    21Section 6.8 Exercise of Right to Redeem Lessor Note
    
    21Section 6.9 Escrowed Software
    
    21SECTION 7. COVENANTS OF THE OWNER PARTICIPANT
    
    22Section 7.1 Restrictions on Transfer of Beneficial Interest
    
    22
 -i-




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##### 



TABLE OF CONTENTS(Continued)
 PageSection 7.2 Owner Participants Liens
    
    25Section 7.3 Amendments or Revocation of Trust Agreement
    
    25Section 7.4 Bankruptcy Filings
    
    26Section 7.5 Actions
    
    26Section 7.6 Appointment of Successor Trustee
    
    26Section 7.7 Management of Owner Lessor
    
    26SECTION 8. COVENANTS OF THE LEASE INDENTURE TRUSTEE
    
    26SECTION 9. TVAS INDEMNIFICATIONS
    
    26Section 9.1 General Indemnity
    
    26Section 9.2 General Tax Indemnity
    
    31SECTION 10. TVAS RIGHT OF QUIET ENJOYMENT
    
    41SECTION 11. REFINANCINGS
    
    42Section 11.1 Optional Refinancing of Lease Debt
    
    42Section 11 .2 Mandatory Sale of Lessor Notes or Issuance of Additional Lessor Notes on Early Purchase Date
    
    42Section 11.3 Cooperation
    
    43SECTION 12. PRE-CLOSING ADJUSTMENTS TO LEASE SCHEDULES
    
    43Section 12.1 Lease Schedules
    
    43Section 12.2 Pre-closing Adjustments
    
    43SECTION 13. SPECIAL LESSEE TRANSFERS
    
    44SECTION 14. RIGHT OF FIRST OFFER
    
    45SECTION 15. MISCELLANEOUS
    
    45Section 15.1 Consents
    
    45Section 15.2 Successor Owner Trustee
    
    46Section 15.3 Bankruptcy of Lessor Estate
    
    46Section 15.4 Amendments and Waivers
    
    46Section 15.5 Notices
    
    46Section 15.6 Survival
    
    48Section 15.7 Successors and Assigns
    
    49Section 15.8 Business Day
    
    49Section 15.9 Governing Law
    
    49Section 15.10 Severability
    
    49
 -ii-




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##### 



TABLE OF CONTENTS(Continued)
 PageSection 15.11 Counterparts
    
    49Section 15.12 Headings and Table of Contents
    
    49Section 15.13 Limitation of Liability
    
    50Section 15.14 Waiver of Trial by Jury
    
    51Section 15.15 Further Assurances
    
    51Section 15.16 Effectiveness
    
    51Section 15.17 No Partnership, Etc
    
    51Section 15.18 Compliance with Network Lease
    
    51Section 15.19 Entire Agreement
    
    51
    2
  
 -iii-




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##### 



PARTICIPATION AGREEMENT (A1)
 PARTICIPATION AGREEMENT (Al) 22, Participation Agreement Agreement) (i) TENNESSEE VALLEY
AUTHORITY TVA (ii) NVG NETWORK. I STATUTORY TRUST, Owner Lessor (iii) WELLS FARGO DELAWARE
TRUST COMPANY Owner Trustee Trust_Company (iv) WACHOVIA MORTGAGE CORPORATION Owner Participant (v) WILMINGTON TRUST COMPANY Lease Indenture Trustee (vi) WILMINGTON TRUST COMPANY Pass Through Trustee
 W I T N E S S E T H:
 WHEREAS
 WHEREAS
 WHEREAS
 WHEREAS
 WHEREAS




---



##### 



WHEREAS
 WHEREAS
 WHEREAS
 NOW, THEREFORE,
    Section 2.1 Agreements to
Participate.
  Owner Participants Commitment
   2




---



##### 



Section 
3.3(c)
    Section 2.2
Closing Date; Procedure for Participation.
 Closing Date , Closing Closing Date
 Procedures for Funding .
 Expiration
of Commitments
 3




---



##### 



Section 2.3 Postponement of Closing; Investment of Funds.
 Postponement of Closing .
 Investment of Funds .
 4




---



##### 



Section 2.4 Transaction Costs.
 provided, however, Owner
Participant Transaction Expenses provided,
however,
   Sections 3.1 Representations and Warranties of TVA.
 Legal Status .
 Due
Authorization; Enforceability. Etc .
 5




---



##### 



Non-Contravention .
 Government Actions .
 Litigation
 Location
 Title; Liens; Etc
   6




---



##### 



Regulation.
 Holding Company Act and Federal Power Act .
 7




---



##### 



provided
however, provided
farther,
 Investment Company Act.
 Securities Act.
 Software License Consents .
 Bankruptcy Code .
 Applicable
Law
 ERISA
 8




---



##### 



Disclosure; No Material Omission. provided, however,
 No
Default; No Event of Loss.
 Financial Statements.
 Application of Net Power Proceeds.
 Bond Resolution.
 EIN.
 Qualification to do Business .
 9




---



##### 



Section 3.2 Representations and Warranties of the Owner Lessor.
 Due Organization.
 Due Authorization; Enforceability; Etc.
   Non-Contravention .
 Governmental
Actions
 10




---



##### 



provided,
 Litigation.
 Liens.
 Investment Company Act.
 EIN.
 Location.
 Section 3.3
Representations and Warranties of the Owner Trustee and the Trust Company.
 Due Incorporation; Etc.
 Due Authorization; Enforceability; Etc.
   11




---



##### 



Execution.
 Non-Contravention. provided,
 Governmental
Actions provided,
 Litigation.
 12




---



##### 



Liens .
 EIN.
 Section 3.4 Representations and Warranties of the Owner Participant.
 Due
Organization.
 Due
Authorization;_Enforceability; Etc.
 Non-Contravention.
 Governmental Action .
 Litigation
 Liens .
 13




---



##### 



ERISA.
 Acquisition
for Investment
 Securities Act.
 Appropriated Funds Not Used .
 EIN.
 Regulatory Event of Loss .
   Operative
Documents.
 14




---



##### 



Equity Investment.
 Certificates and Lessor Note.
 Corporate Documents.
 Events of Loss, Defaults, Events of Default.
 No Threatened Proceedings.
 Consents .
 Governmental Actions.
 15




---



##### 



QTE
Report
 Appraisal .
 Opinion with Respect to Certain Tax Aspects .
 Opinions
of Counsel &
 Nonconsolidation Opinion.
 16




---



##### 



Filings .
 Actions
of Governmental Entity.
 Taxes .
 Opinion of Counsel . &
 Change in Tax Law.
 Residual Value Insurance .
 Escrow Arrangements .
 No
Material Adverse Change.
 Sales Tax Certificates.
 17




---



##### 



Section 5.1 Delivery of Financial Statements; No Default Certificate; Information Concerning
the Network.
   provided
 18




---



##### 



Section 5.2
Residual Value Insurance. Residual Value Insurance provided provided, however,
 Section 5.3 Further Assurances.
 19




---



##### 



Section 6.1 Compliance with the Trust Agreement.
   Section 6.2 Owner Lessors Liens. provided, however,
 Section 6.3 Amendments to Operative Documents.
 20




---



##### 



Section 6.4 Transfer of the Owner Lessors Interest.
 Section 6.5 Owner Lessor; Lessor Estate.
 Section 6.6 Limitation on Indebtedness and Actions.
 Section 6.7 Change of Location.
 Section 6.8 Exercise of Right to Redeem Lessor Note.
 Section 6.9
Escrowed Software. Escrowed
Software
 21




---



##### 



Replaced Software
    Section 7.1 Restrictions on Transfer of Beneficial Interest.
 provided, however, Transferee
 22




---



##### 



provided OP Guarantor
     23




---



##### 



Competitor provided ompetitor provided, however,
    provided, however,
 24




---



##### 



provided, however,
 Section 7.2
Owner Participants Liens. provided,
however,
 Section 7.3 Amendments or Revocation of Trust Agreement.
 25




---



##### 



Section 7.4 Bankruptcy Filings.
 Section 7.5 Actions.
 Section 7.6 Appointment of Successor Trustee.
 Section 7.7 Management of Owner Lessor.
    Section 9.1
General Indemnity.
 Claims Indemnified Indemnitee
   26




---



##### 



27




---



##### 



Claims Excluded .
 provided, however,
    28




---



##### 



provided
 Insured Claims .
 29




---



##### 



After-Tax Basis.
 Claims Procedure . provided, provided provided further, provided, further,
 30




---



##### 



provided, however, provided, further,
 Subrogation . provided
 Minimize
Claims .
 Section 9.2 General Tax Indemnity.
 Indemnity.
 31




---



##### 



Tax Indemnitee
       Excluded Taxes. Excluded Taxes
  32




---



##### 



33




---



##### 



provided
     provided
    34




---



##### 



Payment. provided, however,
 35




---



##### 



Independent Examination. provided, provided
 Tax
Benefit . Tax Benefit
 36




---



##### 



Refund . provided
 Contest.
 Notice of Contest . Tax Claim
 Control of Contest .
 37




---



##### 



Conditions of Contest
 provided
  provided
 38




---



##### 



Tax
Advance
      Waiver of Indemnification.
  39




---



##### 



Reports .
 Non-Parties .
 Certain Withholding Taxes .
 Mississippi Franchise Tax .
 40




---



##### 



Kentucky
Corporation License Tax.
 Georgia
Net Worth Tax .
   41




---



##### 



Section 11.1 Optional Refinancing of Lease Debt. provided provided, further,
     Section 11.2 Mandatory Sale of Lessor Notes or Issuance of Additional Lessor Notes on Early
Purchase Date.
 42




---



##### 



Section 11.3 Cooperation.
  Section 12.1 Lease Schedules.
 Section 12.2
Pre-closing Adjustments.
 Tax Law Change
 provided
  43




---



##### 



Special
Lessee Transfer Section 3.1(s)
 44




---



##### 



Section 15.1
Consents.
 45




---



##### 



Section 15.2 Successor Owner Trustee.
 Section 15.3 Bankruptcy of Lessor Estate. Excess Amount
 Section 15.4
Amendments and Waivers. provided,
however,
 Section 15.5 Notices.
 46




---



##### 



47




---



##### 



Section 15.6
Survival.
 48




---



##### 



Section 15.7 Successors and Assigns.
 Section 15.8 Business Day. provided
 Section 15.9 Governing Law.
 Section 15.10 Severability.
 Section 15.11 Counterparts.
 Section 15.12 Headings and Table of Contents.
 49




---



##### 



Section 15.13 Limitation of Liability.
  provided, however,
 provided, however,
  50




---



##### 



Section 15.14
Waiver of Trial by Jury.
 TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES THE
RIGHT TO DEMAND A TRIAL BY JURY, IN ANY SUCH SUIT, ACTION OR OTHER PROCEEDING ARISING OUT OF THIS
AGREEMENT, THE OTHER OPERATIVE DOCUMENTS, OR THE SUBJECT MATTER HEREOF OR THEREOF OR ANY OF THE
TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY BROUGHT BY ANY OF THE PARTIES HERETO OR THEIR
SUCCESSORS OR ASSIGNS.
 Section 15.15 Further Assurances.
 Section 15.16
Effectiveness. 22,
 Section 15.17 No Partnership, Etc.
 Section 15.18 Compliance with Network Lease.
 Section 15.19 Entire Agreement.
 51




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##### 



IN WITNESS WHEREOF,
 TENNESSEE VALLEY AUTHORITYBy:
    /s/ John M. HoskinsName:
    John M. HoskinsTitle:
    Sr. V.P. & Treasurer Participation Agreement (A1)




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##### 



NVG NETWORK I STATUTORY TRUSTBy: Wells Fargo Delaware Trust Company, not in its individual capacity, except to the extent
expressly provided herein, but as Owner Trustee under the Trust AgreementBy:
    
    /s/ Ann Roberts DukartName: Ann Roberts DukartTitle: Vice President
 Participation Agreement (A1)




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##### 



WELLS FARGO DELAWARE
TRUST COMPANY,not in its individual,
capacity, except to the extent expressly provided herein, but as
Owner Trustee under the Trust AgreementBy:
    
    /s/ Ann Roberts DukartName: Ann Roberts Dukart
Title: Vice President
 Participation Agreement (A1)




---



##### 



WACHOVIA MORTGAGE CORPORATIONBy:

/s/
Mark O. TrollingName:
    Mark O. TrollingTitle:
    Senior Vice President Participation Agreement (A1)




---



##### 



WILMINGTON TRUST COMPANY, 
not in its individual capacity, except to the extent expressly
provided herein, but as Lease Indenture Trustee under the Lease IndentureBy:
    /s/ Joann A. RozellName:
    Joann A. RozellTitle:
    Financial Services Officer WILMINGTON TRUST COMPANY,
not in its individual capacity, except to the extent expressly
provided herein, but as Pass Through Trustee under the Pass Through Trust AgreementBy:
    /s/ Joann A. RozellName:
    Joann A. RozellTitle:
    Financial Services Officer Participation
Agreement(A1)




---



##### 



FINAL
 APPENDIX A
 
 Definitions(A1)
 
 Lease
Of Control, Monitoring andData Analysis Network




---



##### 



AppendixA Definitions (A1)
 GENERAL PROVISIONS




---



##### 



ejusdem generis
   DEFINED TERMS
 Actual Knowledge provided,
 2




---



##### 



provided
further
 Additional Certificates
 Additional
Lessor Notes
 Advisors to the Lessee
 Affiliate provided, however, provided further,
 After-Tax Basis
 Applicable Law
 3




---



##### 



Applicable Rate
 Appraisal Procedure
 Appraiser
 Assigned Documents
 Assignment and Assumption Agreement
 Assumed Deductions
 Assumed
Tax Rate
 Authorized Agent
 Bankruptcy
Code et
seq.
 Base Rate
 4




---



##### 



Basic
Lease Rent
 Beneficial
Interest
 Bond Resolution
 Burdensome Termination Event
 Business Day
 Certificateholders
 Certificates
 Certificates
Register
 Claim
 Closing
 Closing Appraisal
  5




---



##### 



Closing Date
 Code
 Competitor
 Component
 Corporate
Trust Office
 Deduction Loss
 Depreciation Deductions
 6




---



##### 



Discount Rate
 Distribution
 Dollars or the sign $
 DTC
 Early
Purchase Date
 Early Purchase Option
 Early Purchase Price
 Effective
Date
 Effective Rate
 EIN
 Energy Management, Protection and Billing System
 Equity
Investment
 ERISA
 Escrowed
Software
 Event of Default
 Event of Loss
  7




---



##### 



Requisition
 Regulatory
Event of Loss
 Evidences
of Indebtedness
 Excepted Payments
 8




---



##### 



Excepted Rights
 Excess
Amount
 Exchange Act
 Excluded Property
 Excluded
Taxes
 Expiration Date
 Fair Market Rental Value or Fair Market Sales Value provided, however,
 9




---



##### 



Federal
Power Act
 FERC
 Final Determination (i.e.,
 GAAP
 Government
 Governmental Action
 Governmental Entity
 Guaranty
 Head Lease
 Bead Lease Basic Term
 10




---



##### 



Head
Lease Renewal Term
 Head Lease Rent
 Head Lease
Term
 Head Lessee
 Head Lessor
 Holding Company Act
 Inclusion Loss
 Indemnitee
 Indenture Estate
 Indenture Trustees Liens
 Independent Appraiser
 Independent Engineer
 Independent Trustee
 11




---



##### 



Initial Purchasers
 Interest Deductions
 Interregional Security Network
 IRS
 Joint Operating Agreement
 Lease Debt
 Lease Debt Rate
 Lease Event of Default
 Lease Indenture
 Lease Indenture Bankruptcy Default
 Lease Indenture Event of Default
 Lease Indenture Payment Default
 Lease Indenture Trustee
 Lease Indenture Trustee Office
 12




---



##### 



Lease Indenture Trustees Account
 Lessee
 Lessee Action
 Lessees Interest
 Lessee Person
 Lessor Estate
 Lessor Group Member
 Lessor Note
 Lien
 List of Competitors
 Loan
 Majority in Interest of Noteholders provided, however,
 13




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##### 



Make Whole Premium less provided Discounted Present Value provided, however,
 Material Adverse Effect
 Modification
 Measurement and Analysis System
 Moodys
 Network
  14




---



##### 



Network Cost
 Network Functions
     Network Lease
 15




---



##### 



Network Lease Term
 Note
Register
 Noteholder
 Notes
 Obsolescence Termination Date
 Offering Circular
 Officers Certificate
 OP Guarantor
 Operative Documents
 Optional Modification
 Other Head Leases
 Other Network Leases
 Other Lease Indentures
 Other Owner Lessors
 16




---



##### 



Other Owner Lessors Interests
 Other Owner Participants
 Other Participation Agreements
 Other Undivided Interests
 Overdue Rate
 Overpayment of Basic Lease Rent
 Owner
Lessor
 Owner Lessor Security Agreement
 Owner Lessors Account
 Owner Lessors Cost
 Owner Lessors Interest
 Owner Lessors Lien
 17




---



##### 



Owner Lessors Percentage
 Owner Participant
 Owner Participants Commitment
 Owner Participants Lien
 Owner Participants Net Economic Return
 Owner Participant Transaction Expenses
 Owner
Trustee
 Partial Termination
 Partial Termination Date
 18




---



##### 



Partial Termination Payment
 Participation Agreement
 Pass Through Trust
 Pass Through Trust Agreement
 Pass Through Trustee
 Permitted Acts
 Permitted Closing Date Liens
 Permitted Instruments provided
 Permitted Liens
 19




---



##### 



Permitted Post Network Lease Term Liens
 Permitted Securities
 Person
 Plan
 Pricing Assumptions
 Proceeds
 Prudent Industry Practice
 20




---



##### 



Purchase Option
 Purchase Option Price provided, however, provided further
 QTE Consultant
 QTE Report
 Rating Agencies
 Reasonable Basis
 Rebuilding Closing Date
 Redemption Date
 Regulatory Event of Loss
 Related Party provided
 Reliability Operations Center
 21




---



##### 



Rent
 Rent
Payment Date
 Rental
Period
 Replacement Component
 Required Modification
 Requisition
 Residual Value Insurance
 Residual Value Insurance Amount
 Residual Value Insurance Standard
 Responsible Officer
 Revenues
 22




---



##### 



RVI Advisor
 S&P
 SCADA
 Scheduled Closing Date
 Scheduled Payment Date
 SEC
 Secured Indebtedness
 Securities Act
 Security
 Significant Indenture Default
 Significant Lease Default
 Software License Consents and each a Software License Consent,
 Software Licenses and each a Software License
 23




---



##### 



Software Rights
 Special Lessee Transfer
 Special Lessee Transfer Amount
 plus
 minus
  Special Lessee Transfer Event
 State Deductions
 Statutory Trust Act
 Subordinated Resolution
 Substituted Components
 Substituted Non-Network Equipment
 Supplemental Lease Rent
 24




---



##### 



System Operation Center
 Tax or Taxes
 Tax Advance
 Tax Assumptions
 Tax Benefit
 Tax Claim
 Tax Event
 Tax Indemnitee
 Tax
Indemnity Agreement
 Tax Law Change
 Tax Loss
 Tax Misrepresentation
 Tax Representation
 25




---



##### 



Tax Savings
 Terminated Portion
 Termination Date
 Termination Percentage
 Termination Value provided, however
 Transaction
 Transaction Costs
     26




---



##### 



&
            27




---



##### 



Transaction Documents
 Transaction Expense Deductions
 Transaction Party(ies)
 Transmission Plant
 Transferee
 Treasury Regulations
 Trust
Agreement
 Trust Company
 Trust Indenture Act provided, however
 TVA
 TVA
Act
 Underpayment of Basic Lease Rent
 28




---



##### 



Underwriting Agreement
 Undivided
Interest
 Uniform Commercial Code or UCC
 U.S. Government Obligations
 Verifier
 Wilmington Trust
 29




---



##### 



Index
 Actual Knowledge
    
    
    2Additional Certificates
    
    
    3Additional Lessor Notes
    
    
    3Advisors to the Lessee
    
    
    3Affiliate
    
    
    3After-Tax Basis
    
    
    3Applicable
Law
    
    
    4Applicable
Rate
    
    
    4Appraisal
Procedure
    
    
    4Appraiser
    
    
    4Assigned Documents
    
    
    4Assignment and Assumption Agreement
    
    
    4Assumed Deductions
    
    
    4Assumed Tax Rate
    
    
    4Authorized Agent
    
    
    5Bankruptcy Code
    
    
    5Base Rate
    
    
    5Basic Lease Rent
    
    
    5Beneficial Interest
    
    
    5Bond Resolution
    
    
    5Burdensome Termination Event
    
    
    5Business Dav
    
    
    5Certificateholders
    
    
    5Certificates
    
    
    5Certificates Register
    
    
    5Claim
    
    
    5Closing
    
    
    6Closing Appraisal
    
    
    6Closing Date
    
    
    6Code
    
    
    6Competitor
    
    
    7Component
    
    
    7Corporate Trust Office
    
    
    7Deduction Loss
    
    
    7Depreciation Deductions
    
    
    7Discount Rate
    
    
    7Distribution
    
    
    7Dollars or
the sign $
    
    
    7DTC
    
    
    7Early Buy Out Date
    
    
    7Early Buy Out Option
    
    
    7Early Buy Out Price
    
    
    7Effective Date
    
    
    7Effective Rate
    
    
    7Energy Management, Protection and Billing System
    
    
    7Equity Investment
    
    
    8ERISA
    
    
    8Escrowed Software
    
    
    8Event of Default
    
    
    8Event of Loss
    
    
    8Evidences of Indebtedness
    
    
    9Excepted Payments
    
    
    9Excepted Rights
    
    
    9Excess Amount
    
    
    9Exchange Act
    
    
    9Excluded Property
    
    
    9Excluded Taxes
    
    
    9Expiration Date
    
    
    9Fair Market Rental Value
    
    
    10Fair Market Sales Value
    
    
    10Federal Power Act
    
    
    10FERC
    
    
    10Final Determination
    
    
    10GAAP
    
    
    10Government
    
    
    11Government Action
    
    
    11Governmental Entity
    
    
    11Guaranty
    
    
    11Head Lease
    
    
    11Head Lease Basic Term
    
    
    11Head Lease Renewal Term
    
    
    11Head Lease Rent
    
    
    11Head Lease Term
    
    
    11Head Lessee
    
    
    11Head Lessor
    
    
    11Holding Company Act
    
    
    11Inclusion Loss
    
    
    11Indemnitee
    
    
    11Indenture Estate
    
    
    11Indenture Trustees Liens
    
    
    12Independent Appraiser
    
    
    12Independent Engineer
    
    
    12Independent Trustee
    
    
    12




---



##### 



INDEX
 PageInitial Purchaser
    
    
    12Interest Deductions
    
    
    12Interregional Security Network
    
    
    12IRS
    
    
    12Joint Operating Agreement
    
    
    12Lease Debt
    
    
    13Lease Debt Rate
    
    
    13Lease Event of Default
    
    
    13Lease Indenture
    
    
    13Lease Indenture Bankruptcy Default
    
    
    13Lease Indenture Event of Default
    
    
    13Lease Indenture Payment Default
    
    
    13Lease Indenture Trustee
    
    
    13Lease Indenture Trustee Office
    
    
    13Lease Indenture Trustees Account
    
    
    13Lessee
    
    
    13Lessee Action
    
    
    13Lessee Person
    
    
    13Lessees Interest
    
    
    13Lessor Estate
    
    
    14Lessor Group Member
    
    
    14Lessor Note
    
    
    14Lien
    
    
    14List of Competitors
    
    
    14Loan
    
    
    14Majority in Interest of Noteholders
    
    
    14Make Whole Premium
    
    
    14Material Adverse Effect
    
    
    15Measurement
and Analysis Sytem
    
    
    15Modification
    
    
    15Moodys
    
    
    15Network
    
    
    15Network Cost
    
    
    16Network Function
    
    
    16Network Lease
    
    
    16Network Lease Term
    
    
    16Note Register
    
    
    16Noteholder
    
    
    16Notes
    
    
    17Obsolescence Termination Date
    
    
    17Offering Circular
    
    
    17Officers Certificate
    
    
    17OP Guarantor
    
    
    17Operative Documents
    
    
    17Optional Modification
    
    
    17Other Head Leases
    
    
    17Other Lease Indentures
    
    
    17Other Network Leases
    
    
    17Other Owner Lessors Interests
    
    
    17Other Owner Lessors
    
    
    17Other Owner Participants
    
    
    18Other Participation Agreements
    
    
    18Other Undivided Interests
    
    
    18Overdue Rate
    
    
    18Overpayment of Basic Lease Rent
    
    
    18Owner Lessor
    
    
    18Owner Lessor Agreement
    
    
    18Owner Lessors Account
    
    
    18Owner Lessors Cost
    
    
    18Owner Lessors Interest
    
    
    18Owner Lessors Lien
    
    
    18Owner Lessors Percentage
    
    
    19Owner Participant
    
    
    19Owner Participant Transaction Expenses
    
    
    19Owner Participants Commitment
    
    
    19Owner Participants Lien
    
    
    19Owner Participants Net Economic Return
    
    
    19Owner Trustee
    
    
    19Partial Sale Termination Date
    
    
    20Partial Termination
    
    
    19Partial Termination Payment
    
    
    20Participation Agreement
    
    
    20Pass Through Trust
    
    
    20Pass Through Trust Agreement
    
    
    20Pass Through Trustee
    
    
    20Permitted Acts
    
    
    20Permitted Closing Date Liens
    
    
    20Permitted Instruments
    
    
    20Permitted Liens
    
    
    20Permitted Post Network Lease Term Liens
    
    
    21Permitted Securities
    
    
    21Person
    
    
    21Plan
    
    
    21Pricing Assumptions
    
    
    21Proceeds
    
    
    22Prudent Industry Practice
    
    
    22Purchase Option
    
    
    22
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INDEX
 PagePurchase Option Price
    
    
    22QTE Consultant
    
    
    22QTE Report
    
    
    22Rating Agencies
    
    
    22Reasonable Basis
    
    
    22Rebuilding Closing Date
    
    
    22Redemption Date
    
    
    22Regulatory Event of Loss
    
    
    22Related Party
    
    
    22Reliability Operations Center
    
    
    23Rent
    
    
    23Rent Payment Date
    
    
    23Rental Period
    
    
    23Replacement Component
    
    
    23Required Modification
    
    
    23Requisition
    
    
    23Residual Value Insurance
    
    
    23Residual Value Insurance Amount
    
    
    23Residual Value Insurance Standard
    
    
    23Responsible Officer
    
    
    24Revenues
    
    
    24RVI Advisor
    
    
    24S&P
    
    
    24SCADA
    
    
    24Scheduled Closing Date
    
    
    24Scheduled Payment Date
    
    
    24SEC
    
    
    24Secured Indebtedness
    
    
    24Securities Act
    
    
    24Security
    
    
    24Significant Indenture Default
    
    
    24Significant Network Lease Default
    
    
    25Software License Consents
    
    
    25Software Licenses
    
    
    25Software Rights
    
    
    25Special Lessee Transfer
    
    
    25Special Lessee Transfer Amount
    
    
    25Special Lessee Transfer Event
    
    
    26State Deductions
    
    
    26Statutory Trust Act
    
    
    26Subordinated Resolution
    
    
    26Substituted Components
    
    
    26Substituted
Non-Network Equipment
    
    
    26Supplemental Lease Rent
    
    
    26System Operation Center
    
    
    26Tax
    
    
    26Tax Advance
    
    
    26Tax Assumptions
    
    
    26Tax Benefit
    
    
    27Tax Claim
    
    
    27Tax Event
    
    
    27Tax Indemnitee
    
    
    27Tax Indemnity Agreement
    
    
    27Tax Law Change
    
    
    27Tax Loss
    
    
    27Tax Misrepresentation
    
    
    27Tax Representation
    
    
    27Tax Savings
    
    
    27Taxes
    
    
    26Terminated Portion
    
    
    27Termination
Date
    
    
    27Termination Percentage
    
    
    27Termination Value
    
    
    27Transaction
    
    
    28Transaction Costs
    
    
    28Transaction Documents
    
    
    29Transaction Expense Deductions
    
    
    29Transaction Party(ies)
    
    
    29Transferee
    
    
    30Transmission Plant
    
    
    29Treasury Regulations
    
    
    30Trust Agreement
    
    
    30Trust Company
    
    
    30Trust Indenture Act
    
    
    30TVA
    
    
    30TVA Act
    
    
    30U.S. Government Obligations
    
    
    30Underpayment of Basic Lease Rent
    
    
    30Underwriting Agreement
    
    
    30Undivided Interest
    
    
    30Uniform Commercial Code or UCC
    
    
    30Verifier
    
    
    31Wilmington Trust
    
    
    31




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CONTROL, MONITORING AND DATA ANALYSIS NETWORK
PARTICIPATION AGREEMENTS




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