| Year      ofWithdrawal                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |            | Amounts      –Not      More Than: |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------|-----------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |            |
| 1967                                                                                        |   | 15,500      KW  |
| 1968                                                                                        |   | 24,500      KW  |
| 1969                                                                                        |   | 34,000      KW  |
| 1970                                                                                        |   | 44,000      KW  |
| 1971                                                                                        |   | 55,500      KW  |
| 1972                                                                                        |   | 67,500      KW  |
| 1973                                                                                        |   | 80,500      KW  |
| 1974                                                                                        |   | 94,500      KW  |
| 1975                                                                                        |   | 110,000      KW |
| 1976      and thereafter during the life of              the Rock Island Power Contract                                                                                                                                                                                                                                                                                                                                                                                                                |   | 124,500      KW |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | PUBLIC      UTILITY DISTRICT NO. 1OF      CHELAN COUNTY, WASHINGTON  By  /s/ L. J.      Richardson                                                                  President |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| ATTEST:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| /s/      Ivan J.      Compton                                                                     Secretary                                                                                                                                                                                          |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | PUGET      SOUND POWER & LIGHT COMPANY By  /s/ Frank      McLaughlin                                                                  President                                     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| ATTEST:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| /s/      Ralph M.      Davis                                                                                                         Secretary |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |