Exhibit 10.10.1 CY Settlement Agmt. Amendments


Exhibit 10.10.1













ATTACHMENT B

Revisions to Power Contracts







		
	Connecticut Yankee Atomic Power Company

	First Revised Sheet No. 19


	Rate Schedule FERC No. 10

	 






Appendix B

Schedule of Decommissioning Collections'

(Annual Collections in $000’s)

				
	 
	Year

	Amount

	 

	 
	2004

	16,742

	 

	 
	2005

	93,002

	 

	 
	2006

	93,002

	 

	 
	2007

	37,171

	 

	 
	2008

	37,171

	 

	 
	2009

	34,6712

	 

	 
	2010

	39,6713

	 

	 
	2011

	43,421

	 

	 
	2012

	43,421

	 

	 
	2013

	43,421

	 

	 
	2014

	43,421

	 

	 
	2015

	46,204

	 






1/Payable in equal monthly installments.

2/ If the NRC issues an amendment to Connecticut Yankee's operating license reducing the licensed property to an area necessary to support the independent spent fuel storage facility ("License Termination Amendment") by January 1, 2008, this amount shall be $37,171.

3/ If the NRC issues the License Termination Amendment by January 1, 2009, this amount shall be $42,171.




			
	Issued By:

	Michael E. Thomas

	Effective: January 1, 2007


	 
	Vice President and

	 

	 
	Chief Financial Officer

	 

	 
	Connecticut Yankee Atomic Power Company

	 

	Issued On:

	August 15, 2006

	 














		
	Connecticut Yankee Atomic Power Company

	Original Sheet No. 19A


	Rate Schedule FERC No. 10

	 






The decommissioning charges set forth in the table above shall be subject to adjustment as set forth below:




1.

The decommissioning charges set forth in the table above shall be subject to adjustment following the NRC's issuance of a License Termination Amendment, in accordance with an informational filing submitted by Connecticut Yankee in the event that Connecticut Yankee and all Signatories to the settlement agreement approved by the Commission in Docket Nos. ER04-981-000 and EL04-109-000 (not consolidated) agree upon the adjustments. appropriate to reconcile actual and projected costs of completing the decontamination and dismantlement of the Plant, beginning with the charge due for the first month beginning at least 30 days after the submission of the informational filing.




2.

Commencing on January 1, 2007, the decommissioning charges set forth in the table above shall be subject to adjustment for differences, if any, between the actual earnings of investments in Connecticut Yankee's nuclear decommissioning trust funds ("NDTFs") and the NDTF earnings assumed in calculating the charges set forth on the schedule of decommissioning collections, in accordance with this section 2. For purposes of implementing this earnings reconciliation mechanism, the NDTF earnings assumed for each year in calculating the schedule of decommissioning charges are shown on the following table.




			
	 
	Year Ending

	After Tax Earnings Assumptions


	 
	31-Dec-07

	$4,173,000


	 
	31-Dec-08

	$5,452,000


	 
	31-Dec-09

	$7,043,000


	 
	31-Dec-10

	$8,832,000


	 
	31-Dec-11

	$10,736,000


	 
	31-Dec-12

	$12,773,000


	 
	31-Dec-13

	$14,931,000


	 
	31-Dec-14

	$17,182,000


	 
	31-Dec-15

	$19,588,000







The schedule of decommissioning charges shall be subject to adjustment for NDTF earnings as follows:




			
	Issued By:

	Michael E. Thomas

	Effective: January 1, 2007


	 
	Vice President and

	 

	 
	Chief Financial Officer

	 

	 
	Connecticut Yankee Atomic Power Company

	 

	Issued On:

	August 15, 2006

	 














		
	Connecticut Yankee Atomic Power Company

	Original Sheet No. 19B


	Rate Schedule FERC No. 10

	 






a.

By no later than April 1 of each calendar year during the period covered by the schedule of charges shown in this Appendix B, starting with April 1, 2008, Connecticut Yankee will provide the Signatories and the Commission Staff with its calculation of (i) actual earnings of NDTF investments during the Reconciliation Period, after taxes and fees; (ii) the difference, if any, between such earnings and the earnings assumption for that Reconciliation Period; and (iii) the adjustment, if any, to be made to prospective decommissioning charges pursuant to section 4(b). For purposes of this section 4, the "Reconciliation Period" shall mean the period from January 1, 2007, through the end of the calendar year prior to the year during which the calculation is made, except that, after each adjustment to decommissioning charges pursuant to section 4(b), the Reconciliation Period shall mean the period from January 1 of the calendar year following the period covered by that adjustment through the end of the calendar year prior to the year during which the calculation is made. Connecticut Yankee shall provide workpapers used to derive its calculations. The Signatories and the Commission Staff shall have ten business days to provide to Connecticut Yankee any objections to Connecticut Yankee's calculation and Connecticut Yankee shall have five business days to respond to any objections raised. Connecticut Yankee and any objecting Signatory or the Commission Staff shall endeavor in good faith to resolve any objection before any adjustment takes effect.




b.

After the end of each calendar year during the period covered by the schedule of charges shown in this Appendix B, starting with April 1, 2008, Connecticut Yankee will calculate the difference between the actual earnings rate achieved by investments of the NDTFs, after taking account of taxes and fees, for the Reconciliation Period, and the applicable earnings assumptions for that Reconciliation Period shown in the above table. If the 14DTF investments achieved actual earnings during that Reconciliation Period, after taxes and fees, that exceed the earnings assumption applicable to that Reconciliation Period by more than $1,000,000.00, then the full amount of such excess of actual earnings over assumed earnings shall be applied to reduce decommissioning charges for the remainder of the period covered by Appendix B, starting with the charge for the May following the Reconciliation Period for which the calculation is made. If the NDTF investments achieved actual earnings during that Reconciliation Period, after taxes and fees, that fall short of the earnings assumption applicable to that Reconciliation Period by more than $1,000,000.00, then the full amount of such shortfall of actual earnings in comparison to assumed earnings shall be recovered through increased decommissioning charges for the remainder of the period covered by the schedule of charges shown in this Appendix B, starting with the charge for the May following the period for which the calculation is made.




			
	Issued By:

	Michael E. Thomas

	Effective: January 1, 2007


	 
	Vice President and

	 

	 
	Chief Financial Officer

	 

	 
	Connecticut Yankee Atomic Power Company

	 

	Issued On:

	August 15, 2006

	 











		
	Connecticut Yankee Atomic Power Company

	Original Sheet No. 19C


	Rate Schedule FERC No. 10

	 






c.

If a prospective adjustment to decommissioning charges is to be made under section 2(b), Connecticut Yankee will make an informational filing with the Commission by May 1 of the year in which the adjustment is to be made, showing the amount of the adjustment and the calculations upon which the adjustment is based. If any Signatory or the Commission Staff objects to Connecticut Yankee's calculation of a prospective adjustment, and the objection is not resolved in accordance with section 4(a), above, it may file a complaint with the Commission under section 206 of the Federal Power Act and Connecticut Yankee agrees that, notwithstanding anything to the contrary in that section, if the complaint is filed within sixty (60) days of Connecticut Yankee's informational filing and the Commission determines that Connecticut Yankee incorrectly calculated the prospective adjustment under the terms of this section, then refunds of any amounts collected pursuant to an adjustment shall be made, with interest calculated in accordance with the Commission's regulations, from the date such adjustment took effect.





























































			
	Issued By:

	Michael E. Thomas

	Effective: January 1, 2007


	 
	Vice President and

	 

	 
	Chief Financial Officer

	 

	 
	Connecticut Yankee Atomic Power Company

	 

	Issued On:

	August 15, 2006

	 














		
	Connecticut Yankee Atomic Power Company

	First Revised Sheet No. 14


	Rate Schedule FERC No. 11

	 






Appendix B

Schedule of Decommissioning Collections'

(Annual Collections in $000’s)




			
	 
	Year

	Amount


	 
	2004

	16,742


	 
	2005

	93,002


	 
	2006

	93,002


	 
	2007

	37,171


	 
	2008

	37,171


	 
	2009

	34,6712


	 
	2010

	39,6713


	 
	2011

	43,421


	 
	2012

	43,421


	 
	2013

	43,421


	 
	2014

	43,421


	 
	2015

	46,204




1/Payable in equal monthly installments.

2/ If the NRC issues an amendment to Connecticut Yankee's operating license reducing the licensed property to an area necessary to support the independent spent fuel storage facility ("License Termination Amendment") by January 1, 2008, this amount shall be $37,171.

3/ If the NRC issues the License Termination Amendment by January 1, 2009, this amount shall be $42,171.




					
	Issued By:

	Michael E. Thomas

	Effective: January 1, 2007


	 
	Vice President and

	 

	 
	Chief Financial Officer

	 

	 
	Connecticut Yankee Atomic Power Company

	 

	Issued On:

	August 15, 2006

	 













					
	Connecticut Yankee Atomic Power Company

	First Revised Sheet No. 14A


	Rate Schedule FERC No. 11

	 






The decommissioning charges set forth in the table above shall be subject to adjustment as set forth below:

1.

The decommissioning charges set forth in the table above shall be subject to adjustment following the NRC's issuance of a License Termination Amendment, in accordance with an informational filing submitted by Connecticut Yankee in the event that Connecticut Yankee and all Signatories to the settlement agreement approved by the Commission in Docket Nos. ER04-981-000 and EL04-109-000 (not consolidated) agree upon the adjustments. appropriate to reconcile actual and projected costs of completing the decontamination and dismantlement of the Plant, beginning with the charge due for the first month beginning at least 30 days after the submission of the informational filing.




2.

Commencing on January 1, 2007, the decommissioning charges set forth in the table above shall be subject to adjustment for differences, if any, between the actual earnings of investments in Connecticut Yankee's nuclear decommissioning trust funds ("NDTFs") and the NDTF earnings assumed in calculating the charges set forth on the schedule of decommissioning collections, in accordance with this section 2. For purposes of implementing this earnings reconciliation mechanism, the NDTF earnings assumed for each year in calculating the schedule of decommissioning charges are shown on the following table.

			
	 
	Year Ending

	After Tax Earnings Assumptions


	 
	31-Dec-07

	$4,173,000


	 
	31-Dec-08

	$5,452,000


	 
	31-Dec-09

	$7,043,000


	 
	31-Dec-10

	$8,832,000


	 
	31-Dec-11

	$10,736,000


	 
	31-Dec-12

	$12,773,000


	 
	31-Dec-13

	$14,931,000


	 
	31-Dec-14

	$17,182,000


	 
	31-Dec-15

	$19,588,000







The schedule of decommissioning charges shall be subject to adjustment for NDTF earnings as follows:




			
	Issued By:

	Michael E. Thomas

	Effective: January 1, 2007


	 
	Vice President and

	 

	 
	Chief Financial Officer

	 

	 
	Connecticut Yankee Atomic Power Company

	 

	Issued On:

	August 15, 2006

	 














		
	Connecticut Yankee Atomic Power Company

	First Revised Sheet No. 14B


	Rate Schedule FERC No. 11

	 






a.

By no later than April 1 of each calendar year during the period covered by the schedule of charges shown in this Appendix B, starting with April 1, 2008, Connecticut Yankee will provide the Signatories and the Commission Staff with its calculation of (i) actual earnings of NDTF investments during the Reconciliation Period, after taxes and fees; (ii) the difference, if any, between such earnings and the earnings assumption for that Reconciliation Period; and (iii) the adjustment, if any, to be made to prospective decommissioning charges pursuant to section 4(b). For purposes of this section 4, the "Reconciliation Period" shall mean the period from January 1, 2007, through the end of the calendar year prior to the year during which the calculation is made, except that, after each adjustment to decommissioning charges pursuant to section 4(b), the Reconciliation Period shall mean the period from January 1 of the calendar year following the period covered by that adjustment through the end of the calendar year prior to the year during which the calculation is made. Connecticut Yankee shall provide workpapers used to derive its calculations. The Signatories and the Commission Staff shall have ten business days to provide to Connecticut Yankee any objections to Connecticut Yankee's calculation and Connecticut Yankee shall have five business days to respond to any objections raised. Connecticut Yankee and any objecting Signatory or the Commission Staff shall endeavor in good faith to resolve any objection before any adjustment takes effect.




b.

After the end of each calendar year during the period covered by the schedule of charges shown in this Appendix B, starting with April 1, 2008, Connecticut Yankee will calculate the difference between the actual earnings rate achieved by investments of the NDTFs, after taking account of taxes and fees, for the Reconciliation Period, and the applicable earnings assumptions for that Reconciliation Period shown in the above table. If the NDTF investments achieved actual earnings during that Reconciliation Period, after taxes and fees, that exceed the earnings assumption applicable to that Reconciliation Period by more than $1,000,000.00, then the full amount of such excess of actual earnings over assumed earnings shall be applied to reduce decommissioning charges for the remainder of the period covered by Appendix B, starting with the charge for the May following the Reconciliation Period for which the calculation is made. If the NDTF investments achieved actual earnings during that Reconciliation Period, after taxes and fees, that fall short of the earnings assumption applicable to that Reconciliation Period by more than $1,000,000.00, then the full amount of such shortfall of actual earnings in comparison to assumed earnings shall be recovered through increased decommissioning charges for the remainder of the period covered by the schedule of charges shown in this Appendix B, starting with the charge for the May following the period for which the calculation is made.




			
	Issued By:

	Michael E. Thomas

	Effective: January 1, 2007


	 
	Vice President and

	 

	 
	Chief Financial Officer

	 

	 
	Connecticut Yankee Atomic Power Company

	 

	Issued On:

	August 15, 2006

	 














		
	Connecticut Yankee Atomic Power Company

	First Revised Sheet No. 14C


	Rate Schedule FERC No. 11

	 






c.

If a prospective adjustment to decommissioning charges is to be made under section 2(b), Connecticut Yankee will make an informational filing with the Commission by May 1 of the year in which the adjustment is to be made, showing the amount of the adjustment and the calculations upon which the adjustment is based. If any Signatory or the Commission Staff objects to Connecticut Yankee's calculation of a prospective adjustment, and the objection is not resolved in accordance with section 4(a), above, it may file a complaint with the Commission under section 206 of the Federal Power Act and Connecticut Yankee agrees that, notwithstanding anything to the contrary in that section, if the complaint is filed within sixty (60) days of Connecticut Yankee's informational filing and the Commission determines that Connecticut Yankee incorrectly calculated the prospective adjustment under the terms of this section, then refunds of any amounts collected pursuant to an adjustment shall be made, with interest calculated in accordance with the Commission's regulations, from the date such adjustment took effect.











































			
	Issued By:

	Michael E. Thomas

	Effective: January 1, 2007


	 
	Vice President and

	 

	 
	Chief Financial Officer

	 

	 
	Connecticut Yankee Atomic Power Company

	 

	Issued On:

	August 15, 2006