Document:

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                  NEWCORP RESOURCES ELECTRIC COOPERATIVE, INC.

                         OPEN ACCESS TRANSMISSION TARIFF

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                                TABLE OF CONTENTS

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<S>                                                                                          <C>
I.    COMMON SERVICE PROVISIONS                                                                 0

      1      Definitions......................................................................  0

             1.1      Ancillary Services......................................................  0

             1.2      Annual Transmission Costs...............................................  0

             1.3      Application.............................................................  0

             1.4      Commission..............................................................  0

             1.5      Completed Application...................................................  0

             1.6      Control Area............................................................  0

             1.7      Curtailment.............................................................  0

             1.8      Delivering Party........................................................  1

             1.9      Designated Agent........................................................  1

             1.10     Direct Assignment Facilities............................................  1

             1.11     Eligible Customer.......................................................  2

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             1.12     Facilities Study........................................................  2

             1.13     Firm Point-To-Point Transmission Service................................  2

             1.14     Good Utility Practice...................................................  2

             1.15     Interruption............................................................  3

             1.16     Load Ratio Share........................................................  3

             1.17     Load Shedding...........................................................  3

             1.18     Local Distribution Facilities...........................................  3

             1.19     Long-Term Firm Point-To-Point Transmission Service......................  4

             1.20     Native Load Customers...................................................  4

             1.21     Network Customer........................................................  4

             1.22     Network Integration Transmission Service................................  4

             1.23     Network Load............................................................  4

             1.24     Network Operating Agreement.............................................  5

             1.25     Network Operating Committee.............................................  5

             1.26     Network Resource........................................................  5

             1.27     Network Upgrades........................................................  5

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             1.28     Non-Firm Point-To-Point Transmission Service............................  6

             1.29     Open Access Same-Time Information System (OASIS)........................  6

             1.30     Part I..................................................................  6

             1.31     Part II.................................................................  6

             1.32     Part III................................................................  6

             1.33     Parties.................................................................  6

             1.34     Point(s) of Delivery....................................................  7

             1.35     Point(s) of Receipt.....................................................  7

             1.36     Point-To-Point Transmission Service.....................................  7

             1.37     Power Purchaser.........................................................  7

             1.38     Receiving Party.........................................................  7

             1.39     Regional Transmission Group (RTG).......................................  8

             1.40     Reserved Capacity.......................................................  8

             1.41     Service Agreement.......................................................  8

             1.42     Service Commencement Date...............................................  8

             1.43     Short-Term Firm Point-To-Point Transmission Service.....................  8

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             1.44     System Impact Study.....................................................  8

             1.45     Third-Party Sale........................................................  9

             1.46     Transmission Customer...................................................  9

             1.47     Transmission Provider...................................................  9

             1.48     Transmission Provider's Transmission System Average Peak................  9

             1.49     Transmission Service.................................................... 10

             1.50     Transmission System..................................................... 10

      2      Initial Allocation and Renewal Procedures........................................ 10

             2.1      Initial Allocation of Available Transmission Capability................. 10

             2.2      Reservation Priority For Existing Firm Service Customers................ 11

      3      Ancillary Services............................................................... 11

             3.1      Scheduling, System Control and Dispatch Service......................... 13

             3.2      Reactive Supply and Voltage Control from Generation
                      Sources Service......................................................... 14

             3.3      Regulation and Frequency Response Service............................... 14

             3.4      Energy Imbalance Service................................................ 14

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             3.5      Operating Reserve - Spinning Reserve Service............................ 14

             3.6      Operating Reserve - Supplemental Reserve Service........................ 14

      4      Open Access Same-Time Information System (OASIS)................................. 14

      5      Local Furnishing Bonds........................................................... 14

             5.1      Transmission Providers That Own Facilities Financed by
                      Local Furnishing Bonds.................................................. 14

             5.2      Alternative Procedures for Requesting Transmission Service.............. 15

      6      Reciprocity...................................................................... 16

      7      Billing and Payment.............................................................. 17

             7.1      Billing Procedure....................................................... 17

             7.2      Interest on Unpaid Balances............................................. 17

             7.3      Customer Default........................................................ 18

      8      Accounting for the Transmission Provider's Use of the Tariff..................... 18

             8.1      Transmission Revenues................................................... 19

             8.2      Study Costs and Revenues................................................ 19

      9      Regulatory Filings............................................................... 19

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      10     Force Majeure and Indemnification................................................ 20

             10.1     Force Majeure........................................................... 20

             10.2     Indemnification......................................................... 20

      11     Creditworthiness................................................................. 21

      12     Dispute Resolution Procedures.................................................... 21

             12.1     Internal Dispute Resolution Procedures.................................. 21

             12.2     External Arbitration Procedures......................................... 22

             12.3     Arbitration Decisions................................................... 23

             12.4     Costs................................................................... 23

             12.5     Rights Under The Federal Power Act...................................... 24

II. POINT-TO-POINT TRANSMISSION SERVICE....................................................... 25

PREAMBLE...................................................................................... 25

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      13     Nature of Firm Point-To-Point Transmission Service............................... 25
             13.1     Term.................................................................... 25
             13.2     Reservation Priority.................................................... 26
             13.3     Use of Firm Transmission Service by the Transmission Provider........... 26
             13.4     Service Agreements...................................................... 26
             13.5     Transmission Customer Obligations for Facility Additions or
                      Redispatch Costs........................................................ 27
             13.6     Curtailment of Firm Transmission Service................................ 28
             13.7     Classification of Firm Transmission Service............................. 29
             13.8     Scheduling of Firm Point-To-Point Transmission Service.................. 30
      14     Nature of Non-Firm Point-To-Point Transmission Service........................... 32
             14.1     Term.................................................................... 32
             14.2     Reservation Priority.................................................... 32
             14.3     Use of Non-Firm Point-To-Point Transmission Service by the
                      Transmission Provider................................................... 33
             14.4     Service Agreements...................................................... 33
             14.5     Classification of Non-Firm Point-To-Point Transmission Service.......... 34
             14.6     Scheduling of Non-Firm Point-To-Point Transmission Service.............. 34
             14.7     Curtailment or Interruption of Service.................................. 35
      15     Service Availability............................................................. 37
             15.1     General Conditions...................................................... 37
             15.2     Determination of Available Transmission Capability...................... 37
             15.3     Initiating Service in the Absence of an Executed Service
                      Agreement............................................................... 38
             15.4     Obligation to Provide  Transmission  Service that Requires
                      Expansion or  Modification of the Transmission System................... 38
             15.5     Deferral of Service..................................................... 39
             15.6     Other Transmission Service Schedules.................................... 39
             15.7     Real Power Losses....................................................... 39
      16     Transmission Customer Responsibilities........................................... 40
             16.1     Conditions Required of Transmission Customers........................... 40
             16.2     Transmission Customer Responsibility for Third-Party
                      Arrangements............................................................ 41
      17     Procedures for Arranging Firm Point-To-Point Transmission Service................ 41
             17.1     Application............................................................. 42
             17.2     Completed Application................................................... 42
             17.3     Deposit................................................................. 43
             17.4     Notice of Deficient Application......................................... 45
             17.5     Response to a Completed Application..................................... 45
             17.6     Execution of Service Agreement.......................................... 46
             17.7     Extensions for Commencement of Service.................................. 46
      18     Procedures for Arranging Non-Firm Point-To-Point Transmission Service............ 47

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             18.1     Application............................................................. 47
             18.2     Completed Application................................................... 47
             18.3     Reservation of Non-Firm Point-To-Point Transmission
                      Service................................................................. 49
             18.4     Determination of Available Transmission Capability...................... 49
      19     Additional Study Procedures For Firm Point-To-Point Transmission
                      Service Requests........................................................ 49
             19.1     Notice of Need for System Impact Study.................................. 50
             19.2     System Impact Study Agreement and Cost Reimbursement.................... 50
             19.3     System Impact Study Procedures.......................................... 51
             19.4     Facilities Study Procedures............................................. 53
             19.5     Facilities Study Modifications.......................................... 54
             19.6     Due Diligence in Completing New Facilities.............................. 55
             19.7     Partial Interim Service................................................. 55
             19.8     Expedited Procedures for New Facilities................................. 55
      20     Procedures if The  Transmission  Provider is Unable to Complete
             New  Transmission  Facilities for Firm Point-To-Point
             Transmission Service............................................................. 56
             20.1     Delays in Construction of New Facilities................................ 56
             20.2     Alternatives to the Original Facility Additions......................... 57
             20.3     Refund Obligation for Unfinished Facility Additions..................... 58
      21     Provisions Relating to Transmission Construction and Services
             on the Systems of Other Utilities................................................ 58
             21.1     Responsibility for Third-Party System Additions......................... 58
             21.2     Coordination of Third-Party System Additions............................ 59
      22     Changes in Service Specifications................................................ 60
             22.1     Modifications On a Non-Firm Basis....................................... 60
             22.2     Modification On a Firm Basis............................................ 61
      23     Sale or Assignment of Transmission Service....................................... 61
             23.1     Procedures for Assignment or Transfer of Service........................ 61
             23.2     Limitations on Assignment or Transfer of Service........................ 62

      24     Metering and Power Factor Correction at Receipt and Delivery Points(s)........... 63
             24.1     Transmission Customer Obligations....................................... 63
             24.2     Transmission Provider Access to Metering Data........................... 64
             24.3     Power Factor............................................................ 64
      25     Compensation for Transmission Service............................................ 64
      26     Stranded Cost Recovery........................................................... 64
      27     Compensation for New Facilities and Redispatch Costs............................. 65

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III.  NETWORK INTEGRATION TRANSMISSION SERVICE................................................ 66

PREAMBLE...................................................................................... 66
      28     Nature of Network Integration Transmission Service............................... 66
             28.1     Scope of Service........................................................ 66
             28.2     Transmission Provider Responsibilities.................................. 67
             28.3     Network Integration Transmission Service................................ 67
             28.4     Secondary Service....................................................... 68
             28.5     Real Power Losses....................................................... 68
             28.6     Restrictions on Use of Service.......................................... 68
      29     Initiating Service............................................................... 69
             29.1     Condition Precedent for Receiving Service............................... 69
             29.2     Application Procedures.................................................. 69
             29.3     Technical Arrangements to be Completed Prior to
                      Commencement of Service................................................. 73
             29.4     Network Customer Facilities............................................. 73
             29.5     Filing of Service Agreement............................................. 74
      30     Network Resources................................................................ 74
             30.1     Designation of Network Resources........................................ 74
             30.2     Designation of New Network Resources.................................... 74
             30.3     Termination of Network Resources........................................ 74
             30.4     Operation of Network Resources.......................................... 75
             30.5     Network Customer Redispatch Obligation.................................. 75
             30.6     Transmission  Arrangements  for Network  Resources  Not
                      Physically  Interconnected  With The Transmission Provider.............. 75
             30.7     Limitation on Designation of Network Resources.......................... 76
             30.8     Use of Interface Capacity by the Network Customer....................... 76
             30.9     Network Customer Owned Transmission Facilities.......................... 76
      31     Designation of Network Load...................................................... 77
             31.1     Network Load............................................................ 77
             31.2     New Network Loads Connected With the Transmission Provider.............. 77
             31.3     Network Load Not Physically Interconnected with the
                      Transmission Provider................................................... 78
             31.4     New Interconnection Points.............................................. 78
             31.5     Changes in Service Requests............................................. 79
             31.6     Annual Load and Resource Information Updates............................ 79
      32     Additional Study Procedures For Network Integration Transmission
             Service Requests................................................................. 80
             32.1     Notice of Need for System Impact Study.................................. 80
             32.2     System Impact Study Agreement and Cost Reimbursement.................... 80
             32.3     System Impact Study Procedures.......................................... 81

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             32.4     Facilities Study Procedures............................................. 83
      33     Load Shedding and Curtailments................................................... 84
             33.1     Procedures.............................................................. 84
             33.2     Transmission Constraints................................................ 85
             33.3     Cost Responsibility for Relieving Transmission Constraints.............. 85
             33.4     Curtailments of Scheduled Deliveries.................................... 86
             33.5     Allocation of Curtailments.............................................. 86
             33.6     Load Shedding........................................................... 86
             33.7     System Reliability...................................................... 87
      34     Rates and Charges................................................................ 88
             34.1     Monthly Demand Charge................................................... 88
             34.2     Determination of Network Customer's Monthly Network Load................ 88
             34.3     Determination of Transmission Provider's Monthly
                      Transmission System Load................................................ 89
             34.4     Redispatch Charge....................................................... 89
             34.5     Stranded Cost Recovery.................................................. 90
      35     Operating Arrangements........................................................... 90
             35.1     Operation under The Network Operating Agreement......................... 90
             35.2     Network Operating Agreement............................................. 90
             35.3     Network Operating Committee............................................. 92

SCHEDULE 1.................................................................................... 93
      Scheduling, System Control and Dispatch Service......................................... 93

SCHEDULE 2.................................................................................... 94
      Reactive Supply and Voltage Control from Generation Sources Service..................... 94

SCHEDULE 3.................................................................................... 96
      Regulation and Frequency Response Service............................................... 96

SCHEDULE 4.................................................................................... 99
      Energy Imbalance Service................................................................ 99

SCHEDULE 5................................................................................... 101
      Operating Reserve - Spinning Reserve Service........................................... 101

SCHEDULE 6................................................................................... 102

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      Operating Reserve - Supplemental Reserve Service....................................... 102

SCHEDULE 7................................................................................... 104
      Long-Term Firm and Short-Term Firm Point-To-Point Transmission Service................. 104

SCHEDULE 8................................................................................... 110
      Non-Firm Point-To-Point Transmission Service........................................... 110

ATTACHMENT A................................................................................. (1)
      Form Of Service Agreement For Firm Point-To-Point Transmission Service................. (1)

ATTACHMENT B................................................................................. (6)
      Form Of Umbrella Service Agreement For Firm Point-To-Point Transmission Service........ (6)

ATTACHMENT C................................................................................ (11)
      Form of Service Agreement For Non-Firm Point-To-Point Transmission Service)........... (11)

ATTACHMENT D................................................................................ (16)
      Methodology To Assess Available Transmission Capability............................... (16)

ATTACHMENT E................................................................................ (18)
      Methodology For Completing A System Impact Study...................................... (18)

ATTACHMENT F................................................................................ (20)
      Index Of Point-To-Point Transmission Service Customers................................ (20)

ATTACHMENT G................................................................................ (21)
      Service Agreement For Network Integration Transmission Service........................ (21)

ATTACHMENT H................................................................................ (27)
      Form of Network Operating Agreement................................................... (27)

ATTACHMENT I................................................................................ (34)

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      Annual Transmission Revenue Requirement For Network Integration Transmission Service.. (34)

ATTACHMENT J................................................................................ (35)
      Index Of Network Integration Transmission Service Customers........................... (35)
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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
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I.       COMMON SERVICE PROVISIONS

1        Definitions

         1.1      Ancillary Services: Those services that are necessary to
                  support the transmission of capacity and energy from resources
                  to loads while maintaining reliable operation of the
                  Transmission Provider's Transmission System in accordance with
                  Good Utility Practice.

         1.2      Annual Transmission Costs: The total annual cost of the
                  Transmission System for purposes of Network Integration
                  Transmission Service shall be the amount specified in
                  Attachment I until amended by the Transmission Provider or
                  modified by the Commission.

         1.3      Application: A request by an Eligible Customer for
                  transmission service pursuant to the provisions of the Tariff.

         1.4      Commission: The Federal Energy Regulatory Commission.

         1.5      Completed Application: An Application that satisfies all of
                  the information and other requirements of the Tariff,
                  including any required deposit.

         1.6      Control Area: An electric power system or combination of
                  electric power systems to which a common automatic generation
                  control scheme is applied in order to:

                  (1)      match, at all times, the power output of the
                           generators within the electric power system(s) and
                           capacity and energy purchased from

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                           entities outside the electric power system(s), with
                           the load within the electric power system(s);

                  (2)      maintain scheduled interchange with other Control
                           Areas, within the limits of Good Utility Practice;

                  (3)      maintain the frequency of the electric power
                           system(s) within reasonable limits in accordance with
                           Good Utility Practice; and

                  (4)      provide sufficient generating capacity to maintain
                           operating reserves in accordance with Good Utility
                           Practice.

         1.7      Curtailment: A reduction in firm or non-firm transmission
                  service in response to a transmission capacity shortage as a
                  result of system reliability conditions.

         1.8      Delivering Party: The entity supplying capacity and energy to
                  be transmitted at Point(s) of Receipt.

         1.9      Designated Agent: Any entity that performs actions or
                  functions on behalf of the Transmission Provider, an Eligible
                  Customer, or the Transmission Customer required under the
                  Tariff.

         1.10     Direct Assignment Facilities: Facilities or portions of
                  facilities that are constructed by the Transmission Provider
                  for the sole use/benefit of a particular Transmission Customer
                  requesting service under the Tariff. Direct Assignment
                  Facilities shall be specified in the Service Agreement that
                  governs service to the Transmission Customer and shall be
                  subject to

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                  Commission approval.

         1.11     Eligible Customer: (i) any electric utility (including the
                  Transmission Provider and any power marketer), Federal power
                  marketing agency, or any person generating electric energy for
                  sale for resale; electric energy sold or produced by such
                  entity may be electric energy produced in the United States,
                  Canada or Mexico; however, such entity is not eligible for
                  transmission service that would be prohibited by Section
                  212(h)(2) of the Federal Power Act; and (ii) any retail
                  customer taking unbundled Transmission Service pursuant to a
                  state retail access program or pursuant to a voluntary offer
                  of unbundled retail transmission service by the Transmission
                  Provider.

         1.12     Facilities Study: An engineering study conducted by the
                  Transmission Provider to determine the required modifications
                  to the Transmission Provider's Transmission System, including
                  the cost and scheduled completion date for such modifications,
                  that will be required to provide the requested transmission
                  service.

         1.13     Firm Point-To-Point Transmission Service: Transmission Service
                  under this Tariff that is reserved and/or scheduled between
                  specified Points of Receipt and Delivery pursuant to Part II
                  of this Tariff.

         1.14     Good Utility Practice: Any of the practices, methods and acts
                  engaged in or approved by a significant portion of the
                  electric utility industry during

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                  the relevant time period, or any of the practices, methods
                  and acts which, in the exercise of reasonable judgment in
                  light of the facts known at the time the decision was made,
                  could have been expected to accomplish the desired result at
                  a reasonable cost consistent with good business practices,
                  reliability, safety and expedition. Good Utility Practice is
                  not intended to be limited to the optimum practice, method,
                  or act to the exclusion of all others, but rather to be
                  acceptable practices, methods, or acts generally accepted in
                  the region.

         1.15     Interruption: A reduction in non-firm transmission service due
                  to economic reasons pursuant to Section 14.7.

         1.16     Load Ratio Share: Ratio of a Transmission Customer's Network
                  Load to the Transmission Provider's total load computed in
                  accordance with Sections 34.2 and 34.3 of the Network
                  Integration Transmission Service under Part III the Tariff and
                  calculated on a rolling basis.

         1.17     Load Shedding: The systematic reduction of system demand by
                  temporarily decreasing load in response to transmission system
                  or area capacity shortages, system instability, or voltage
                  control considerations under Part III of the Tariff.

         1.18     Local Distribution Facilities: Local Distribution Facilities
                  are those facilities on the Transmission Provider's
                  transmission system which are rated at 69kV or lower and do
                  not provide integrated network support to

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                  the Transmission Provider's electrical system.

         1.19     Long-Term Firm Point-To-Point Transmission Service: Firm
                  Point-To-Point Transmission Service under Part Il of the
                  Tariff with a term of one year or more.

         1.20     Native Load Customers: The wholesale and retail power
                  customers of the Transmission Provider on whose behalf the
                  Transmission Provider, by statute, franchise, regulatory
                  requirement, or contract, has undertaken an obligation to
                  construct and operate the Transmission Provider's system to
                  meet the reliable electric needs of such customers.

         1.21     Network Customer: An entity receiving transmission service
                  pursuant to the terms of the Transmission Provider's Network
                  Integration Transmission Service under Part III of the Tariff.

         1.22     Network Integration Transmission Service: The transmission
                  service provided under Part III of the Tariff.

         1.23     Network Load: The load that a Network Customer designates for
                  Network Integration Transmission Service under Part III of the
                  Tariff. The Network Customer's Network Load shall include all
                  load served by the output of any Network Resources designated
                  by the Network Customer. A Network Customer may elect to
                  designate less than its total load as Network Load but may not
                  designate only part of the load at a discrete Point of
                  Delivery. Where an Eligible Customer has elected not to
                  designate a particular load

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                  at discrete points of delivery as Network Load, the Eligible
                  Customer is responsible for making separate arrangements
                  under Part Il of the Tariff for any Point-To-Point
                  Transmission Service that may be necessary for such
                  non-designated load.

         1.24     Network Operating Agreement: An executed agreement that
                  contains the terms and conditions under which the Network
                  Customer shall operate its facilities and the technical and
                  operational matters associated with the implementation of
                  Network Integration Transmission Service under Part III of the
                  Tariff.

         1.25     Network Operating Committee: A group made up of
                  representatives from the Network Customer(s) and the
                  Transmission Provider established to coordinate operating
                  criteria and other technical considerations required for
                  implementation of Network Integration Transmission Service
                  under Part III of this Tariff.

         1.26     Network Resource: Any designated generating resource owned or
                  purchased by a Network Customer under the Network Integration
                  Transmission Service Tariff. Network Resources do not include
                  any resource, or any portion thereof, that is committed for
                  sale to third parties or otherwise cannot be called upon to
                  meet the Network Customer's Network Load on a
                  non-interruptible basis.

         1.27     Network Upgrades: Modifications or additions to
                  transmission-related

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                  facilities that are integrated with and support the
                  Transmission Provider's overall Transmission System for the
                  general benefit of all users of such Transmission System.

         1.28     Non-Firm Point-To-Point Transmission Service: Point-To-Point
                  Transmission Service under the Tariff that is reserved and
                  scheduled on an as-available basis and is subject to
                  Curtailment or Interruption as set forth in Section 14.7 under
                  Part II of this Tariff. Non-Firm Point-To-Point Transmission
                  Service is available on a stand-alone basis for periods
                  ranging from one hour to one month.

         1.29     Open Access Same-Time Information System (OASIS): The
                  information system and standards of conduct contained in Part
                  37 of the Commission's regulations.

         1.30     Part I: Tariff Definitions and Common Service Provisions
                  contained in Sections 2 through 12.

         1.31     Part II: Tariff Sections 13 through 27 pertaining to
                  Point-To-Point Transmission Service in conjunction with the
                  applicable Common Service Provisions of Part l and appropriate
                  Schedules and Attachments.

         1.32     Part III: Tariff Sections 28 through 35 pertaining to Network
                  Integration Transmission Service in conjunction with the
                  applicable Common Service Provisions of Part I and appropriate
                  Schedules and Attachments.

         1.33     Parties: The Transmission Provider and the Transmission
                  Customer

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                  receiving service under the Tariff.

         1.34     Point(s) of Delivery: Point(s) on the Transmission Provider's
                  Transmission System where capacity and energy transmitted by
                  the Transmission Provider will be made available to the
                  Receiving Party under Part Il of the Tariff. The Point(s) of
                  Delivery shall be specified in the Service Agreement.

         1.35     Point(s) of Receipt: Point(s) of interconnection on the
                  Transmission Provider's Transmission System where capacity and
                  energy will be made available to the Transmission Provider by
                  the Delivering Party under Part Il of the Tariff. The Point(s)
                  of Receipt shall be specified in the Service Agreement.

         1.36     Point-To-Point Transmission Service: The reservation and
                  transmission of capacity and energy on either a firm or
                  non-firm basis from the Point(s) of Receipt to the Point(s) of
                  Delivery under Part Il of the Tariff.

         1.37     Power Purchaser: The entity that is purchasing the capacity
                  and energy to be transmitted under the Tariff.

         1.38     Receiving Party: The entity receiving the capacity and energy
                  transmitted by the Transmission Provider to Point(s) of
                  Delivery.

         1.39     Regional Transmission Group (RTG): A voluntary organization of
                  transmission owners, transmission users and other entities
                  approved by the Commission to efficiently coordinate
                  transmission planning (and

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                  expansion), operation and use on a regional (and
                  interregional) basis.

         1.40     Reserved Capacity: The maximum amount of capacity and energy
                  that the Transmission Provider agrees to transmit for the
                  Transmission Customer over the Transmission Provider's
                  Transmission System between the Point(s) of Receipt and the
                  Point(s) of Delivery under Part Il of the Tariff. Reserved
                  Capacity shall be expressed in terms of whole megawatts on a
                  sixty (60) minute interval (commencing on the clock hour)
                  basis.

         1.41     Service Agreement: The initial agreement and any amendments or
                  supplements thereto entered into by the Transmission Customer
                  and the Transmission Provider for service under the Tariff.

         1.42     Service Commencement Date: The date the Transmission Provider
                  begins to provide service pursuant to the terms of an executed
                  Service Agreement, or the date the Transmission Provider
                  begins to provide service in accordance with Section 15.3 or
                  Section 29.1 under the Tariff.

         1.43     Short-Term Firm Point-To-Point Transmission Service: Firm
                  Point-To-Point Transmission Service under Part II of the
                  Tariff with a term of less than one year.

         1.44     System Impact Study: An assessment by the Transmission
                  Provider of (i) the adequacy of the Transmission System to
                  accommodate a request for either Firm Point-To-Point
                  Transmission Service or Network Integration

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                  Transmission Service and (ii) whether any additional costs
                  may be incurred in order to provide transmission service.

         1.45     Third-Party Sale: Any sale for resale in interstate commerce
                  to a Power Purchaser that is not designated as part of Network
                  Load under the Network Integration Transmission Service that
                  utilizes the Transmission Provider's system.

         1.46     Transmission Customer: Any Eligible Customer (or its
                  Designated Agent) that (i) executes a Service Agreement, or
                  (ii) requests in writing that the Transmission Provider file
                  with the Commission, a proposed unexecuted Service Agreement
                  to receive transmission service under Part Il of the Tariff.
                  This term is used in the Part l Common Service Provisions to
                  include customers receiving transmission service under Part Il
                  and Part Ill of this Tariff.

         1.47     Transmission Provider: The public utility (or its Designated
                  Agent) that owns, controls, or operates facilities used for
                  the transmission of electric energy in interstate commerce and
                  provides transmission service under the Tariff. Southwestern
                  Public Service Company (SPS) is the Control Area Operator for
                  the transmission system owned by NewCorp Resources Electric
                  Cooperative, Inc. (NewCorp), and SPS may be the Designated
                  Agent for certain purposes under this tariff.

         1.48     Transmission Provider's Transmission System Average Peak: The

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.10

                  average of the monthly coincident-peak loads of the
                  Transmission Provider's Transmission System for the three (3)
                  coincident peak months of June, July, and August computed in
                  accordance with Section 34.3 of the Network Integration
                  Transmission Service under Part Ill of the Tariff. This value
                  shall be calculated and become effective each October 1
                  through the following September 30.

         1.49     Transmission Service: Point-To-Point Transmission Service
                  provided under Part Il of the Tariff on a firm and non-firm
                  basis.

         1.50     Transmission System: The facilities owned, controlled or
                  operated by the Transmission Provider that are used to provide
                  transmission service under Part Il and Part Ill of the Tariff.

2        Initial Allocation and Renewal Procedures

         2.1      Initial Allocation of Available Transmission Capability: For
                  purposes of determining whether existing capability on the
                  Transmission Provider's Transmission System is adequate to
                  accommodate a request for firm service under this Tariff, all
                  Completed Applications for new firm transmission service
                  received during the initial sixty (60) day period commencing
                  with the effective date of the Tariff will be deemed to have
                  been filed simultaneously. A lottery system conducted by an
                  independent party shall be used to assign priorities for
                  Completed Applications filed simultaneously. All Completed
                  Applications for firm transmission service

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.11

                  received after the initial sixty (60) day period shall be
                  assigned a priority pursuant to Section 13.2. Any Service
                  Agreements currently in existence shall remain in effect and
                  shall retain their priority if applicable.

         2.2      Reservation Priority For Existing Firm Service Customers:
                  Existing firm service customers (wholesale requirements and
                  transmission~only, with a contract term of one-year or more),
                  have the right to continue to take transmission service from
                  the Transmission Provider when the contract expires, rolls
                  over or is renewed. This transmission reservation priority is
                  independent of whether the existing customer continues to
                  purchase capacity and energy from the Transmission Provider or
                  elects to purchase capacity and energy from another supplier.
                  If at the end of the contract term, the Transmission
                  Provider's Transmission System cannot accommodate all of the
                  requests for transmission service the existing firm service
                  customer must agree to accept a contract term at least equal
                  to a competing request by any new Eligible Customer and to pay
                  the current just and reasonable rate, as approved by the
                  Commission, for such service. This transmission reservation
                  priority for existing firm service customers is an ongoing
                  right that may be exercised at the end of all firm contract
                  terms of one-year or longer.

3        Ancillary Services

         Ancillary Services are needed with transmission service to maintain
         reliability

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.12

within and among the Control Areas affected by the transmission service. The
Transmission Provider is required to provide (or offer to arrange with the
local Control Area operator as discussed below), and the Transmission
Customer is required to purchase, the following Ancillary Services (i)
Scheduling, System Control and Dispatch, and (ii) Reactive Supply and Voltage
Control from Generation Sources.

         The Transmission Provider is required to offer to provide (or offer
to arrange with the local Control Area operator as discussed below) the
following Ancillary Services only to the Transmission Customer serving load
within the Transmission Provider's Control Area (i) Regulation and Frequency
Response, (ii) Energy Imbalance, (iii) Operating Reserve - Spinning, and (iv)
Operating Reserve - Supplemental. The Transmission Customer serving load
within the Transmission Provider's Control Area is required to acquire these
Ancillary Services, whether from the Transmission Provider, from a third
party, or by self-supply. The Transmission Customer may not decline the
Transmission Provider's offer of Ancillary Services unless it demonstrates
that it has acquired the Ancillary Services from another source. The
Transmission Customer must list in its Application which Ancillary Services
it will purchase from the Transmission Provider.

         If the Transmission Provider is a public utility providing
transmission service but is not a Control Area operator, it may be unable to
provide some or all of the Ancillary Services. In this case, the Transmission
Provider can fulfill its obligation to provide Ancillary Services by acting
as the Transmission Customer's agent to secure these

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.13

Ancillary Services from the Control Area operator. NewCorp is not a Control
Area operator. The Control Area Operator is SPS. The Transmission Customer
may elect to (i) have the Transmission Provider act as its agent, (ii) secure
the Ancillary Services directly from the Control Area operator, or (iii)
secure the Ancillary Services (discussed in Schedules 3, 4, 5 and 6) from a
third party or by self-supply when technically feasible.

         The Transmission Provider shall specify the rate treatment and all
related terms and conditions in the event of an unauthorized use of Ancillary
Services by the Transmission Customer.

         The specific Ancillary Services, prices and/or compensation methods
are described on the Schedules that are attached to and made a part of the
Tariff. If the Transmission Provider offers an affiliate a rate discount, or
attributes a discounted Ancillary Service rate to its own transactions, the
Transmission Provider must offer at the same time the same discounted
Ancillary Service rate to all Eligible Customers. Information regarding any
discounted Ancillary Service rates must be posted on the OASIS maintained by
the Control Area Operator pursuant to Part 37 of the Commission's
regulations. In addition, discounts to non-affiliates must be offered in a
not unduly discriminatory manner. Sections 3.1 through 3.6 below list the six
Ancillary Services.

         3.1      Scheduling, System Control and Dispatch Service: The rates
                  and/or methodology are described in Schedule 1.

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                                                                     Sheet No.14

         3.2      Reactive Supply and Voltage Control from Generation Sources
                  Service: The rates and/or methodology are described in
                  Schedule 2.

         3.3      Regulation and Frequency Response Service: Where applicable
                  the rates and/or methodology are described in Schedule 3.

         3.4      Energy Imbalance Service: Where applicable the rates and/or
                  methodology are described in Schedule 4.

         3.5      Operating Reserve - Spinning Reserve Service: Where applicable
                  the rates and/or methodology are described in Schedule 5.

         3.6      Operating Reserve - Supplemental Reserve Service: Where
                  applicable the rates and/or methodology are described in
                  Schedule 6.

4        Open Access Same-Time Information System (OASIS)

         Terms and conditions regarding Open Access Same-Time Information System
and standards of conduct are set forth in 18 CFR Section 37 of the Commission's
regulations (Open Access Same-Time Information System and Standards of Conduct
for Public Utilities). In Docket No. 0A96-26-000, NewCorp was granted a waiver
from the requirement to operate an OASIS. However, the Control Area Operator,
SPS, operates an OASIS through the Southwest Power Pool (SPP), and information
on services provided by the Control Area Operator, such as ancillary services,
may be available through the SPP OASIS.

5        Local Furnishing Bonds

         5.1      Transmission Providers That Own Facilities Financed by Local
                  Furnishing

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                  Bonds: This provision is applicable only to Transmission
                  Providers that have financed facilities for the local
                  furnishing of electric energy with tax exempt bonds, as
                  described in Section 142(f) of the Internal Revenue Code
                  ("local furnishing bonds"). Notwithstanding any other
                  provision of this Tariff, the Transmission Provider shall not
                  be required to provide Transmission Service to any Eligible
                  Customer pursuant to this Tariff if the provision of such
                  Transmission Service would jeopardize the tax-exempt status of
                  any local furnishing bond(s) used to finance the Transmission
                  Provider's facilities that would be used in providing such
                  Transmission Service.

         5.2      Alternative Procedures for Requesting Transmission Service:

                  (i)        If the Transmission Provider determines that the
                             provision of transmission service requested by an
                             Eligible Customer would jeopardize the tax-exempt
                             status of any local furnishing bond(s) used to
                             finance its facilities that would be used in
                             providing such transmission service, it shall
                             advise the Eligible Customer within thirty (30)
                             days of receipt of the Completed Application.

                  (ii)       If the Eligible Customer thereafter renews its
                             request for the same transmission service referred
                             to in (i) by tendering an application under Section
                             211 of the Federal Power Act, the Transmission
                             Provider, within ten (10) days of receiving a copy
                             of the Section

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.16

                             211 application, will waive its rights to a request
                             for service under Section 213(a) of the Federal
                             Power Act and to the issuance of a proposed order
                             under Section 212(c) of the Federal Power Act and
                             shall provide the requested transmission service
                             in accordance with the terms and conditions of
                             this Tariff.

6        Reciprocity

         A Transmission Customer receiving transmission service under this
Tariff agrees to provide comparable transmission service to the Transmission
Provider on similar terms and conditions over facilities used for the
transmission of electric energy in interstate commerce owned, controlled or
operated by the Transmission Customer and over facilities used for the
transmission of electric energy in interstate commerce owned, controlled or
operated by the Transmission Customer's corporate affiliates. A Transmission
Customer that is a member of a power pool or Regional Transmission Group also
agrees to provide comparable transmission service to the members of such
power pool and Regional Transmission Group on similar terms and conditions
over facilities used for the transmission of electric energy in interstate
commerce owned, controlled or operated by the Transmission Customer and over
facilities used for the transmission of electric energy in interstate
commerce owned, controlled or operated by the Transmission Customer's
corporate affiliates. This reciprocity requirement also applies to any
Eligible Customer that owns, controls or operates transmission facilities

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                                                                     Sheet No.17

that uses an intermediary, such as a power marketer, to request transmission
service under the Tariff. If the Transmission Customer does not own, control
or operate transmission facilities, it must include in its Application a
sworn statement of one of its duly authorized officers or other
representatives that the purpose of its Application is not to assist an
Eligible Customer to avoid the requirements of this provision.

7        Billing and Payment

         7.1      Billing Procedure: Within a reasonable time after the first
                  day of each month, the Transmission Provider shall submit an
                  invoice to the Transmission Customer for the charges for all
                  services furnished under the Tariff during the preceding
                  month. The invoice shall be paid by the Transmission Customer
                  within twenty (20) days of receipt. All payments shall be made
                  in immediately available funds payable to the Transmission
                  Provider, or by wire transfer to a bank named by the
                  Transmission Provider.

         7.2      Interest on Unpaid Balances: Interest on any unpaid amounts
                  (including amounts placed in escrow) shall be calculated in
                  accordance with the methodology specified for interest on
                  refunds in the Commission's regulations at 18 C.F.R. Section
                  35.19a(a)(2)(iii). Interest on delinquent amounts shall be
                  calculated from the due date of the bill to the date of
                  payment. When payments are made by mail, bills shall be
                  considered as having been paid on the date of receipt by the
                  Transmission Provider.

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                                                                     Sheet No.18

         7.3      Customer Default: In the event the Transmission Customer
                  fails, for any reason other than a billing dispute as
                  described below, to make payment to the Transmission Provider
                  on or before the due date as described above, and such failure
                  of payment is not corrected within thirty (30) calendar days
                  after the Transmission Provider notifies the Transmission
                  Customer to cure such failure, a default by the Transmission
                  Customer shall be deemed to exist. Upon the occurrence of a
                  default, the Transmission Provider may initiate a proceeding
                  with the Commission to terminate service but shall not
                  terminate service until the Commission so approves any such
                  request. In the event of a billing dispute between the
                  Transmission Provider and the Transmission Customer, the
                  Transmission Provider will continue to provide service under
                  the Service Agreement as long as the Transmission Customer (i)
                  continues to make all payments not in dispute, and (ii) pays
                  into an independent escrow account the portion of the invoice
                  in dispute, pending resolution of such dispute. If the
                  Transmission Customer fails to meet these two requirements for
                  continuation of service, then the Transmission Provider may
                  provide notice to the Transmission Customer of its intention
                  to suspend service in sixty (60) days, in accordance with
                  Commission policy.

8        Accounting for the Transmission Provider's Use of the Tariff

         The Transmission Provider shall record the following amounts, as
outlined below.

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                                                                     Sheet No.19

         8.1      Transmission Revenues: Include in a separate operating revenue
                  account or subaccount the revenues it receives from
                  Transmission Service when making Third-Party Sales under Part
                  Il of the Tariff.

         8.2      Study Costs and Revenues: Include in a separate transmission
                  operating expense account or subaccount, costs properly
                  chargeable to expense that are incurred to perform any System
                  Impact Studies or Facilities Studies which the Transmission
                  Provider conducts to determine if it must construct new
                  transmission facilities or upgrades necessary for its own
                  uses, including making Third-Party Sales under the Tariff; and
                  include in a separate operating revenue account or subaccount
                  the revenues received for System Impact Studies or Facilities
                  Studies performed when such amounts are separately stated and
                  identified in the Transmission Customer's billing under the
                  Tariff.

9        Regulatory Filings

         Nothing contained in the Tariff or any Service Agreement shall be
construed as affecting in any way the right of the Transmission Provider to
unilaterally make application to the Commission for a change in rates, terms and
conditions, charges, classification of service, Service Agreement, rule or
regulation under Section 205 of the Federal Power Act and pursuant to the
Commission's rules and regulations promulgated thereunder.

         Nothing contained in the Tariff or any Service Agreement shall be
construed as

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                                                                     Sheet No.20

affecting in any way the ability of any Party receiving service under the
Tariff to exercise its rights under the Federal Power Act and pursuant to the
Commission's rules and regulations promulgated thereunder.

10       Force Majeure and Indemnification

         10.1     Force Majeure: An event of Force Majeure means any act of God,
                  labor disturbance, act of the public enemy, war, insurrection,
                  riot, fire, storm or flood, explosion, breakage or accident to
                  machinery or equipment, any Curtailment, order, regulation or
                  restriction imposed by governmental military or lawfully
                  established civilian authorities, or any other cause beyond a
                  Party's control. Neither the Transmission Provider nor the
                  Transmission Customer will be considered in default as to any
                  obligation under this Tariff if prevented from fulfilling the
                  obligation due to an event of Force Majeure. However, a Party
                  whose performance under this Tariff is hindered by an event of
                  Force Majeure shall make all reasonable efforts to perform its
                  obligations under this Tariff.

         10.2     Indemnification: The Transmission Customer shall at all times
                  indemnify, defend, and save the Transmission Provider harmless
                  from, any and all damages, losses, claims, including claims
                  and actions relating to injury to or death of any person or
                  damage to property, demands, suits, recoveries, costs and
                  expenses, court costs, attorney fees, and all other
                  obligations by or to third parties, arising out of or
                  resulting from the

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.21

                  Transmission Provider's performance of its obligations under
                  this Tariff on behalf of the Transmission Customer, except in
                  cases of negligence or intentional wrongdoing by the
                  Transmission Provider.

11       Creditworthiness

         For the purpose of determining the ability of the Transmission
Customer to meet its obligations related to service hereunder, the
Transmission Provider may require reasonable credit review procedures. This
review shall be made in accordance with standard commercial practices. In
addition, the Transmission Provider may require the Transmission Customer to
provide and maintain in effect during the term of the Service Agreement, an
unconditional and irrevocable letter of credit as security to meet its
responsibilities and obligations under the Tariff, or an alternative form of
security proposed by the Transmission Customer and acceptable to the
Transmission Provider and consistent with commercial practices established by
the Uniform Commercial Code that protects the Transmission Provider against
the risk of non-payment.

12       Dispute Resolution Procedures

         12.1     Internal Dispute Resolution Procedures: Any dispute between a
                  Transmission Customer and the Transmission Provider involving
                  Transmission Service under the Tariff (excluding applications
                  for rate changes or other changes to the Tariff, or to any
                  Service Agreement entered into under the Tariff, which shall
                  be presented directly to the Commission for resolution) shall
                  be referred to a designated senior

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.22

                  representative of the Transmission Provider and a senior
                  representative of the Transmission Customer for resolution on
                  an informal basis as promptly as practicable. In the event the
                  designated representatives are unable to resolve the dispute
                  within thirty (30) days [or such other period as the Parties
                  may agree upon] by mutual agreement, such dispute may be
                  submitted to arbitration and resolved in accordance with the
                  arbitration procedures set forth below.

         12.2     External Arbitration Procedures: Any arbitration initiated
                  under the Tariff shall be conducted before a single neutral
                  arbitrator appointed by the Parties. If the Parties fail to
                  agree upon a single arbitrator within ten (10) days of the
                  referral of the dispute to arbitration, each Party shall
                  choose one arbitrator who shall sit on a three-member
                  arbitration panel. The two arbitrators so chosen shall within
                  twenty (20) days select a third arbitrator to chair the
                  arbitration panel. In either case, the arbitrators shall be
                  knowledgeable in electric utility matters, including electric
                  transmission and bulk power issues, and shall not have any
                  current or past substantial business or financial
                  relationships with any party to the arbitration (except prior
                  arbitration). The arbitrator(s) shall provide each of the
                  Parties an opportunity to be heard and, except as otherwise
                  provided herein, shall generally conduct the arbitration in
                  accordance with the Commercial Arbitration Rules of the
                  American Arbitration Association and any

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.23

                  applicable Commission regulations or Regional Transmission
                  Group rules.

         12.3     Arbitration Decisions: Unless otherwise agreed, the
                  arbitrator(s) shall render a decision within ninety (90) days
                  of appointment and shall notify the Parties in writing of such
                  decision and the reasons therefor. The arbitrator(s) shall be
                  authorized only to interpret and apply the provisions of the
                  Tariff and any Service Agreement entered into under the Tariff
                  and shall have no power to modify or change any of the above
                  in any manner. The decision of the arbitrator(s) shall be
                  final and binding upon the Parties, and judgment on the award
                  may be entered in any court having jurisdiction. The decision
                  of the arbitrator(s) may be appealed solely on the grounds
                  that the conduct of the arbitrator(s), or the decision itself,
                  violated the standards set forth in the Federal Arbitration
                  Act and/or the Administrative Dispute Resolution Act. The
                  final decision of the arbitrator must also be filed with the
                  Commission if it affects jurisdictional rates, terms and
                  conditions of service or facilities.

         12.4     Costs: Each Party shall be responsible for its own costs
                  incurred during the arbitration process and for the following
                  costs, if applicable:

                  (A)      the cost of the arbitrator chosen by the Party to sit
                           on the three member panel and one half of the cost of
                           the third arbitrator chosen; or

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.24

                  (B)      one half the cost of the single arbitrator jointly
                           chosen by the Parties.

         12.5     Rights Under The Federal Power Act: Nothing in this section
                  shall restrict the rights of any party to file a Complaint
                  with the Commission under relevant provisions of the Federal
                  Power Act.

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                                                                     Sheet No.25

II       POINT-TO-POINT TRANSMISSION SERVICE

Preamble

         The Transmission Provider will provide Firm and Non-Firm Point-To-Point
Transmission Service pursuant to the applicable terms and conditions of this
Tariff. Point-To-Point Transmission Service is for the receipt of capacity and
energy at designated Point(s) of Receipt and the transmission of such capacity
and energy to designated Point(s) of Delivery.

13       Nature of Firm Point-To-Point Transmission Service

         13.1     Term: The minimum term of Firm Point-To-Point Transmission
                  Service shall be one hour and the maximum term shall be
                  specified in the Service Agreement.

         13.2     Reservation Priority: Long-Term Firm Point-To-Point
                  Transmission Service shall be available on a first-come,
                  first-served basis I.E., in the chronological sequence in
                  which each Transmission Customer has reserved service.
                  Reservations for Short-Term Firm Point-To-Point Transmission
                  Service will be conditional based upon the length of the
                  requested transaction. If the Transmission System becomes
                  oversubscribed, requests for longer term service may preempt
                  requests for shorter term service up to the following
                  deadlines; one day before the commencement of daily service,
                  one week before the commencement of weekly service, and one
                  month before the commencement of monthly

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.26

                  service. Before the deadline, if available transmission
                  capability is insufficient to satisfy all Applications, an
                  Eligible Customer with a reservation for shorter term service
                  has the right of first refusal to match any longer term
                  reservation before losing its reservation priority. After the
                  deadline, service will commence pursuant to the terms of Part
                  II of the Tariff. Firm Point-To-Point Transmission Service
                  will always have a reservation priority over Non-Firm
                  Point-To-Point Transmission Service under the Tariff. All
                  Long-Term Firm Point-To-Point Transmission Service will have
                  equal reservation priority with Native Load Customers and
                  Network Customers. Reservation priorities for existing firm
                  service customers are provided in Section 2.2.

         13.3     Use of Firm Transmission Service by the Transmission Provider:
                  The Transmission Provider will be subject to the rates, terms
                  and conditions of Part Il of the Tariff when making
                  Third-Party Sales under (i) agreements executed on or after
                  July 9, 1996 or (ii) agreements executed prior to the
                  aforementioned date that the Commission requires to be
                  unbundled, by the date specified by the Commission. The
                  Transmission Provider will maintain separate accounting,
                  pursuant to Section 8, for any use of the Point-To-Point
                  Transmission Service to make Third-Party Sales.

         13.4     Service Agreements: The Transmission Provider shall offer a
                  standard form Firm Point-To-Point Transmission Service
                  Agreement (Attachment A)

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.27

                  to an Eligible Customer when it submits a Completed
                  Application for Firm Point-To-Point Transmission Service.
                  Executed Service Agreements that contain the information
                  required under the Tariff shall be filed with the Commission
                  in compliance with applicable Commission regulations.

         13.5     Transmission Customer Obligations for Facility Additions or
                  Redispatch Costs: In cases where the Transmission Provider
                  determines that the Transmission System is not capable of
                  providing Firm Point-To-Point Transmission Service without (1)
                  degrading or impairing the reliability of service to Native
                  Load Customers, Network Customers and other Transmission
                  Customers taking Firm Point-To-Point Transmission Service, or
                  (2) interfering with the Transmission Provider's ability to
                  meet prior firm contractual commitments to others, the
                  Transmission Provider will be obligated to expand or upgrade
                  its Transmission System pursuant to the terms of Section 15.4.
                  The Transmission Customer must agree to compensate the
                  Transmission Provider for any necessary transmission facility
                  additions pursuant to the terms of Section 27. To the extent
                  the Transmission Provider can relieve any system constraint
                  more economically by redispatching the Transmission Provider's
                  resources than through constructing Network Upgrades, it shall
                  do so, provided that the Eligible Customer agrees to
                  compensate the Transmission Provider pursuant to the terms of
                  Section 27. Any redispatch, Network Upgrade or

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                                                                     Sheet No.28

                  Direct Assignment Facilities costs to be charged to the
                  Transmission Customer under the Tariff will be specified in
                  the Service Agreement prior to initiating service.

         13.6     Curtailment of Firm Transmission Service: In the event that a
                  Curtailment on the Transmission Provider's Transmission
                  System, or a portion thereof, is required to maintain reliable
                  operation of such system, Curtailments will be made on a
                  non-discriminatory basis to the transaction(s) that
                  effectively relieve the constraint. If multiple transactions
                  require Curtailment, to the extent practicable and consistent
                  with Good Utility Practice, Curtailments will be
                  proportionally allocated among the Transmission Provider's
                  Native Load Customers, Network Customers, and Transmission
                  Customers taking Firm Point-To-Point Transmission Service. All
                  Curtailments will be made on a nondiscriminatory basis,
                  however, Non-Firm Point-To-Point Transmission Service shall be
                  subordinate to Firm Transmission Service. When the
                  Transmission Provider determines that an electrical emergency
                  exists on its Transmission System and implements emergency
                  procedures to Curtail Firm Transmission Service, the
                  Transmission Customer shall make the required reductions upon
                  request of the Transmission Provider. However, the
                  Transmission Provider reserves the right to Curtail, in whole
                  or in part, any Firm Transmission Service provided under the
                  Tariff when,

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.29

                  in the Transmission Provider's sole discretion, an emergency
                  or other unforeseen condition impairs or degrades the
                  reliability of its Transmission System. The Transmission
                  Provider will notify all affected Transmission Customers in a
                  timely manner of any scheduled Curtailments.

         13.7     Classification of Firm Transmission Service:

                  (a)        The Transmission Customer taking Firm
                             Point-To-Point Transmission Service may (1) change
                             its Receipt and Delivery Points to obtain service
                             on a non-firm basis consistent with the terms of
                             Section 22.1 or (2) request a modification of the
                             Points of Receipt or Delivery on a firm basis
                             pursuant to the terms of Section 22.2.

                  (b)        The Transmission Customer may purchase transmission
                             service to make sales of capacity and energy from
                             multiple generating units that are on the
                             Transmission Provider's Transmission System. For
                             such a purchase of transmission service, the
                             resources will be designated as multiple Points of
                             Receipt, unless the multiple generating units are
                             at the same generating plant in which case the
                             units would be treated as a single Point of
                             Receipt.

                  (c)      The Transmission Provider shall provide firm
                           deliveries of capacity and energy from the Point(s)
                           of Receipt to the Point(s) of Delivery.

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.30

                           Each Point of Receipt at which firm transmission
                           capacity is reserved by the Transmission Customer
                           shall be set forth in the Firm Point-To-Point Service
                           Agreement along with a corresponding capacity
                           reservation associated with each Point of Receipt.
                           Each Point of Delivery at which firm transmission
                           capacity is reserved by the Transmission Customer
                           shall be set forth in the Firm Point-To-Point Service
                           Agreement along with a corresponding capacity
                           reservation associated with each Point of Delivery.
                           The greater of either (1) the sum of the capacity
                           reservations at the Point(s) of Receipt, or (2) the
                           sum of the capacity reservations at the Point(s) of
                           Delivery shall be the Transmission Customer's
                           Reserved Capacity. The Transmission Customer will be
                           billed for its Reserved Capacity under the terms of
                           Schedule 7. The Transmission Customer may not exceed
                           its firm capacity reserved at each Point of Receipt
                           and each Point of Delivery except as otherwise
                           specified in Section 22. The Transmission Provider
                           shall specify the rate treatment and all related
                           terms and conditions applicable in the event that a
                           Transmission Customer (including Third-Party Sales by
                           the Transmission Provider) exceeds its firm reserved
                           capacity at any Point of Receipt or Point of
                           Delivery.

         13.8     Scheduling of Firm Point-To-Point Transmission Service:
                  Schedules for

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.31

                  the Transmission Customer's Firm Point-To-Point Transmission
                  Service must be submitted to the Transmission Provider no
                  later than 11:00 A.M. of the day prior to commencement of
                  such service provided that schedules for Sundays, Mondays and
                  holidays should be delivered by 11:00 a.m. on Friday or the
                  regular business day immediately preceding. Schedules
                  submitted after 11:00 a.m. will be accommodated, if
                  practicable. Hour-to-hour schedules of any capacity and
                  energy that is to be delivered must be stated in increments
                  of 1,000 kW per hour. Transmission Customers within the
                  Transmission Provider's service area with multiple requests
                  for Transmission Service at a Point of Receipt, each of which
                  is under 1,000 kW per hour, may consolidate their service
                  requests at a common point of receipt into units of 1,000 kW
                  per hour for scheduling and billing purposes. Scheduling
                  changes will be permitted up to TWENTY (20) MINUTES before
                  the start of the next clock hour provided that the
                  Delivering Party and Receiving Party also agree to the
                  schedule modification. The Transmission Provider will furnish
                  to the Delivering Party's system operator, hour-to-hour
                  schedules equal to those furnished by the Receiving Party
                  (unless reduced for losses) and shall deliver the capacity and
                  energy provided by such schedules. Should the Transmission
                  Customer, Delivering Party or Receiving Party revise or
                  terminate any schedule, such party shall immediately notify
                  the

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.32

                  Transmission Provider, and the Transmission Provider shall
                  have the right to adjust accordingly the schedule for capacity
                  and energy to be received and to be delivered.

14       Nature of Non-Firm Point-To-Point Transmission Service

         14.1     Term: Non-Firm Point-To-Point Transmission Service will be
                  available for periods ranging from one (1) hour to one (1)
                  month. However, a Purchaser of Non-Firm Point-To-Point
                  Transmission Service will be entitled to reserve a sequential
                  term of service (such as a sequential monthly term without
                  having to wait for the initial term to expire before
                  requesting another monthly term) so that the total time period
                  for which the reservation applies is greater than one month,
                  subject to the requirements of Section 18.3.

         14.2     Reservation Priority: Non-Firm Point-To-Point Transmission
                  Service shall be available from transmission capability in
                  excess of that needed for reliable service to Native Load
                  Customers, Network Customers and other Transmission Customers
                  taking Long-Term and Short-Term Firm Point To-Point
                  Transmission Service. A higher priority will be assigned to
                  reservations with a longer duration of service. In the event
                  the Transmission System is constrained, competing requests of
                  equal duration will be prioritized based on the highest price
                  offered by the Eligible Customer for the Transmission Service.
                  Eligible Customers that

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.33

                  have already reserved shorter term service have the right of
                  first refusal to match any longer term reservation before
                  being preempted. Transmission service for Network Customers
                  from resources other than designated Network Resources will
                  have a higher priority than any Non-Firm Point-To-Point
                  Transmission Service. Non-Firm Point-To-Point Transmission
                  Service over secondary Point(s) of Receipt and Point(s) of
                  Delivery will have the lowest reservation priority under the
                  Tariff.

         14.3     Use of Non-Firm Point-To-Point Transmission Service by the
                  Transmission Provider: The Transmission Provider will be
                  subject to the rates, terms and conditions of Part II of the
                  Tariff when making Third-Party Sales under (i) agreements
                  executed on or after July 9,1996 or (ii) agreements executed
                  prior to the aforementioned date that the Commission requires
                  to be unbundled, by the date specified by the Commission. The
                  Transmission Provider will maintain separate accounting,
                  pursuant to Section 8, for any use of Non-Firm Point-To-Point
                  Transmission Service to make Third-Party Sales.

         14.4     Service Agreements: The Transmission Provider shall offer a
                  standard form Non-Firm Point-To-Point Transmission Service
                  Agreement (Attachment C) to an Eligible Customer when it first
                  submits a Completed Application for Non-Firm Point-To-Point
                  Transmission Service pursuant to the Tariff. Executed Service
                  Agreements that contain the information

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.34

                  required under the Tariff shall be filed with the Commission
                  in compliance with applicable Commission regulations.

         14.5     Classification of Non-Firm Point-To-Point Transmission
                  Service: Non-Firm Point-To-Point Transmission Service shall be
                  offered under terms and conditions contained in Part II of the
                  Tariff. The Transmission Provider undertakes no obligation
                  under the Tariff to plan its Transmission System in order to
                  have sufficient capacity for Non-Firm Point-To-Point
                  Transmission Service. Parties requesting Non-Firm
                  Point-To-Point Transmission Service for the transmission of
                  firm power do so with the full realization that such service
                  is subject to availability and to Curtailment or Interruption
                  under the terms of the Tariff. The Transmission Provider shall
                  specify the rate treatment and all related terms and
                  conditions applicable in the event that a Transmission
                  Customer (including Third-Party Sales by the Transmission
                  Provider) exceeds its non-firm capacity reservation. Non-Firm
                  Point-To-Point Transmission Service shall include transmission
                  of energy on an hourly basis and transmission of scheduled
                  short-term capacity and energy on a daily, weekly, or monthly
                  basis, but not to exceed one month's reservation for any one
                  Application, under Schedule 8.

         14.6     Scheduling of Non-Firm Point-To-Point Transmission Service:
                  Schedules for Non-Firm Point-To-Point Transmission Service
                  must be submitted to

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.35

                  the Transmission Provider no later than 2:00 p.m. of the day
                  prior to commencement of such service. Schedules submitted
                  after 2:00 p.m. will be accommodated, if practicable.
                  Hour-to-hour schedules of energy that is to be delivered
                  must be stated in increments of 1,000 kW per hour.
                  Transmission Customers within the Transmission Provider's
                  service area with multiple requests for Transmission Service
                  at a Point of Receipt, each of which is under 1,000 kW per
                  hour, may consolidate their schedules at a common Point of
                  Receipt into units of 1,000 kW per hour. Scheduling changes
                  will be permitted up to TWENTY (20) MINUTES before the start
                  of the next clock hour provided that the Delivering Party and
                  Receiving Party also agree to the schedule modification. The
                  Transmission Provider will furnish to the Delivering Party's
                  system operator, hour-to-hour schedules equal to those
                  furnished by the Receiving Party (unless reduced for losses)
                  and shall deliver the capacity and energy provided by such
                  schedules. Should the Transmission Customer, Delivering Party
                  or Receiving Party revise or terminate any schedule, such
                  party shall immediately notify the Transmission Provider, and
                  the Transmission Provider shall have the right to adjust
                  accordingly the schedule for capacity and energy to be
                  received and to be delivered.

         14.7     Curtailment or Interruption of Service: The Transmission
                  Provider reserves the right to Curtail, in whole or in part,
                  Non-Firm Point-To-Point

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                                                                     Sheet No.36

                  Transmission Service provided under the Tariff for
                  reliability reasons when, an emergency or other unforeseen
                  condition threatens to impair or degrade the reliability of
                  its Transmission System. The Transmission Provider reserves
                  the right to Interrupt, in whole or in part, Non-Firm
                  Point-To-Point Transmission Service provided under the Tariff
                  for economic reasons in order to accommodate (1) a request
                  for Firm Transmission Service, (2) a request for Non-Firm
                  Point-To-Point Transmission Service of greater duration,
                  (3) a request for Non-Firm Point-To-Point Transmission
                  Service of equal duration with a higher price, or (4)
                  transmission service for Network Customers from
                  non-designated resources. The Transmission Provider also will
                  discontinue or reduce service to the Transmission Customer to
                  the extent that deliveries for transmission are discontinued
                  or reduced at the Point(s) of Receipt. Where required,
                  Curtailments or Interruptions will be made on a
                  nondiscriminatory basis to the transaction(s) that effectively
                  relieve the constraint, however, Non-Firm Point-To-Point
                  Transmission Service shall be subordinate to Firm Transmission
                  Service. If multiple transactions require Curtailment or
                  Interruption, to the extent practicable and consistent with
                  Good Utility Practice, Curtailments or Interruptions will be
                  made to transactions of the shortest term (E.G., hourly
                  non-firm transactions will be Curtailed or Interrupted before
                  daily non-firm

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.37

                  transactions and daily non-firm transactions will be
                  Curtailed or Interrupted before weekly non-firm
                  transactions). Transmission service for Network Customers from
                  resources other than designated Network Resources and Non-Firm
                  Transmission Service for the Transmission Provider's purchases
                  to serve its Native Load Customers will have a higher priority
                  than any Non-Firm Point-To-Point Transmission Service under
                  the Tariff. Non-Firm Point-To-Point Transmission Service over
                  secondary Point(s) of Receipt and Point(s) of Delivery will
                  have a lower priority than any Non-Firm Point-To-Point
                  Transmission Service under the Tariff. The Transmission
                  Provider will provide advance notice of Curtailment or
                  Interruption where such notice can be provided consistent with
                  Good Utility Practice.

15       Service Availability

         15.1     General Conditions: The Transmission Provider will provide
                  Firm and Non-Firm Point-To-Point Transmission Service over, on
                  or across its Transmission System to any Transmission Customer
                  that has met the requirements of Section 16.

         15.2     Determination of Available Transmission Capability: A
                  description of the Transmission Provider's specific
                  methodology for assessing available transmission capability is
                  contained in Attachment D of the Tariff. In the event
                  sufficient transmission capability may not exist to
                  accommodate a

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.38

                  service request, the Transmission Provider will respond by
                  performing a System Impact Study.

         15.3     Initiating Service in the Absence of an Executed Service
                  Agreement: If the Transmission Provider and the Transmission
                  Customer requesting Firm or Non-Firm Point-To-Point
                  Transmission Service cannot agree on all the terms and
                  conditions of the Point-To-Point Service Agreement, the
                  Transmission Provider shall file with the Commission, within
                  thirty (30) days after the date the Transmission Customer
                  provides written notification directing the Transmission
                  Provider to file, an unexecuted Point-To-Point Service
                  Agreement containing terms and conditions deemed appropriate
                  by the Transmission Provider for such requested Transmission
                  Service. The Transmission Provider shall commence providing
                  Transmission Service subject to the Transmission Customer
                  agreeing to (i) compensate the Transmission Provider at
                  whatever rate the Commission ultimately determines to be just
                  and reasonable, and (ii) comply with the terms and conditions
                  of the Tariff including posting appropriate security deposits
                  in accordance with the terms of Section 17.3.

         15.4     Obligation to Provide Transmission Service that Requires
                  Expansion or Modification of the Transmission System: If the
                  Transmission Provider determines that it cannot accommodate a
                  Completed Application for Firm

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                                                                     Sheet No.39

                  Point-To-Point Transmission Service because of insufficient
                  capability on its Transmission System, the Transmission
                  Provider will use due diligence to expand or modify its
                  Transmission System to provide the requested Firm
                  Transmission Service, provided the Transmission Customer
                  agrees to compensate the Transmission Provider for such
                  costs pursuant to the terms of Section 27. The Transmission
                  Provider will conform to Good Utility Practice in determining
                  the need for new facilities and in the design and construction
                  of such facilities. The obligation applies only to those
                  facilities that the Transmission Provider has the right to
                  expand or modify.

         15.5     Deferral of Service: The Transmission Provider may defer
                  providing service until it completes construction of new
                  transmission facilities or upgrades needed to provide Firm
                  Point-To-Point Transmission Service whenever the Transmission
                  Provider determines that providing the requested service
                  would, without such new facilities or upgrades, impair or
                  degrade reliability to any existing firm services.

         15.6     Other Transmission Service Schedules: Eligible Customers
                  receiving transmission service under other agreements on file
                  with the Commission may continue to receive transmission
                  service under those agreements until such time as those
                  agreements may be modified by the Commission.

         15.7     Real Power Losses: Real Power Losses are associated with all
                  transmission service. The Transmission Provider is not
                  obligated to

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.40

                  provide Real Power Losses. The Transmission Customer is
                  responsible for replacing losses associated with all
                  transmission service as calculated by the Transmission
                  Provider. The applicable Real Power Loss factors are as
                  follows:

<TABLE>
<S>                                                                    <C>
                             Energy Related Loss Factor                1.036984

                             Demand Related Loss Factor                1.044863
</TABLE>

                  The loss factors for Direct Assignment Facilities shall be
                  determined on a case by case basis.

16       Transmission Customer Responsibilities

         16.1     Conditions Required of Transmission Customers: Point-To-Point
                  Transmission Service shall be provided by the Transmission
                  Provider only if the following conditions are satisfied by the
                  Transmission Customer:

                  a.       The Transmission Customer has pending a Completed
                           Application for service;

                  b.       The Transmission Customer meets the creditworthiness
                           criteria set forth in Section 11;

                  c.       The Transmission Customer will have arrangements in
                           place for any other transmission service necessary to
                           effect the delivery from the generating source to the
                           Transmission Provider prior to the time service under
                           Part Il of the Tariff commences;

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                                                                     Sheet No.41

                  d.       The Transmission Customer agrees to pay for
                           any facilities constructed and chargeable to such
                           Transmission Customer under Part Il of the Tariff,
                           whether or not the Transmission Customer takes
                           service for the full term of its reservation; and

                  e.       The Transmission Customer has executed a
                           Point-To-Point Service Agreement or has agreed to
                           receive service pursuant to Section 15.3.

         16.2     Transmission Customer Responsibility for Third-Party
                  Arrangements: Any scheduling arrangements that may be required
                  by other electric systems shall be the responsibility of the
                  Transmission Customer requesting service. The Transmission
                  Customer shall provide, unless waived by the Transmission
                  Provider, notification to the Transmission Provider
                  identifying such systems and authorizing them to schedule the
                  capacity and energy to be transmitted by the Transmission
                  Provider pursuant to Part Il of the Tariff on behalf of the
                  Receiving Party at the Point of Delivery or the Delivering
                  Party at the Point of Receipt. However, the Transmission
                  Provider will undertake reasonable efforts to assist the
                  Transmission Customer in making such arrangements, including
                  without limitation, providing any information or data required
                  by such other electric system pursuant to Good Utility
                  Practice.

17       Procedures for Arranging Firm Point-To-Point Transmission Service

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.42

         17.1     Application: A request for Firm Point-To-Point Transmission
                  Service for periods of one year or longer must contain a
                  written Application to: NewCorp Resources Electric
                  Cooperative, Inc., Vice President of Engineering and
                  Operations, P. O. Box 1261, Amarillo, TX 79170, at least sixty
                  (60) days in advance of the calendar month in which service is
                  to commence. The Transmission Provider will consider requests
                  for such firm service on shorter notice when feasible.
                  Requests for firm service for periods of less than one year
                  shall be subject to expedited procedures that shall be
                  negotiated between the Parties within the time constraints
                  provided in Section 17.5. A Completed Application may be
                  submitted by (i) transmitting the required information to the
                  Transmission Provider by telefax, or (ii) providing the
                  information by telephone over the Transmission Provider's time
                  recorded telephone line. Each of these methods will provide a
                  time-stamped record for establishing the priority of the
                  Application.

         17.2     Completed Application: A Completed Application shall provide
                  all of the information included in 18 CFR Section 2.20
                  including but not limited to the following:

                  (i)      The identity, address, telephone number and facsimile
                           number of the entity requesting service;

                  (ii)     A statement that the entity requesting service is, or
                           will be upon commencement of service, an Eligible
                           Customer under the Tariff;

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                                                                     Sheet No.43

                  (iii)    The location of the Point(s) of Receipt and Point(s)
                           of Delivery and the identities of the Delivering
                           Parties and the Receiving Parties;

                  (iv)     The location of the generating facility(ies)
                           supplying the capacity and energy and the location of
                           the load ultimately served by the capacity and energy
                           transmitted. The Transmission Provider will treat
                           this information as confidential except to the extent
                           that disclosure of this information is required by
                           this Tariff, by regulatory or judicial order, for
                           reliability purposes pursuant to Good Utility
                           Practice or pursuant to RTG transmission information
                           sharing agreements. The Transmission Provider shall
                           treat this information consistent with the standards
                           of conduct contained in Part 37 of the Commission's
                           regulations;

                  (v)      A description of the supply characteristics of the
                           capacity and energy to be delivered;

                  (vi)     An estimate of the capacity and energy expected to be
                           delivered to the Receiving Party;

                  (vii)    The Service Commencement Date and the term of the
                           requested Transmission Service; and

                  (viii)   The transmission capacity requested for each Point of
                           Receipt and each Point of Delivery on the
                           Transmission Provider's Transmission System;
                           customers may combine their requests for service in
                           order to satisfy the minimum transmission capacity
                           requirement.

         The Transmission Provider shall treat this information consistent with
the standards of conduct contained in Part 37 of the Commission's regulations.

         17.3     Deposit: A Completed Application for Firm Point-To-Point
                  Transmission Service also shall include a deposit of either
                  one month's charge for Reserved Capacity or the full charge
                  for Reserved Capacity for service requests of less than one
                  month. If the Application is rejected by the

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.44

                  Transmission Provider because it does not meet the conditions
                  for service as set forth herein, or in the case of requests
                  for service arising in connection with losing bidders in a
                  Request For Proposals (RFP), said deposit shall be returned
                  with interest less any reasonable costs incurred by the
                  Transmission Provider in connection with the review of the
                  losing bidder's Application. The deposit also will be returned
                  with interest less any reasonable costs incurred by the
                  Transmission Provider if the Transmission Provider is unable
                  to complete new facilities needed to provide the service. If
                  an Application is withdrawn or the Eligible Customer decides
                  not to enter into a Service Agreement for Firm Point-To-Point
                  Transmission Service, the deposit shall be refunded in full,
                  with interest, less reasonable costs incurred by the
                  Transmission Provider to the extent such costs have not
                  already been recovered by the Transmission Provider from the
                  Eligible Customer. The Transmission Provider will provide to
                  the Eligible Customer a complete accounting of all costs
                  deducted from the refunded deposit, which the Eligible
                  Customer may contest if there is a dispute concerning the
                  deducted costs. Deposits associated with construction of new
                  facilities are subject to the provisions of Section 19. If a
                  Service Agreement for Firm Point-To-Point Transmission Service
                  is executed, the deposit, with interest, will be returned to
                  the Transmission Customer upon expiration of the Service

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.45

                  Agreement for Firm Point-To-Point Transmission Service.
                  Applicable interest shall be computed in accordance with the
                  Commission's regulations at 18 CFR Section 35.19a(a)(2)(iii),
                  and shall be calculated from the day the deposit check is
                  credited to the Transmission Provider's account.

         17.4     Notice of Deficient Application: If an Application fails to
                  meet the requirements of the Tariff, the Transmission Provider
                  shall notify the entity requesting service within fifteen (15)
                  days of receipt of the reasons for such failure. The
                  Transmission Provider will attempt to remedy minor
                  deficiencies in the Application through informal
                  communications with the Eligible Customer. If such efforts are
                  unsuccessful, the Transmission Provider shall return the
                  Application, along with any deposit, with interest. Upon
                  receipt of a new or revised Application that fully complies
                  with the requirements of Part II of the Tariff, the Eligible
                  Customer shall be assigned a new priority consistent with the
                  date of the new or revised Application.

         17.5     Response to a Completed Application: Following receipt of a
                  Completed Application for Firm Point-To-Point Transmission
                  Service, the Transmission Provider shall make a determination
                  of available transmission capability as required in Section
                  15.2. The Transmission Provider shall notify the Eligible
                  Customer as soon as practicable, but not later than thirty
                  (30) days after the date of receipt of a Completed

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.46

                  Application either (i) if it will be able to provide service
                  without performing a System Impact Study or (ii) if such a
                  study is needed to evaluate the impact of the Application
                  pursuant to Section 19.1.

         17.6     Execution of Service Agreement: Whenever the Transmission
                  Provider determines that a System Impact Study is not required
                  and that the service can be provided, it shall notify the
                  Eligible Customer as soon as practicable but no later than
                  thirty (30) days after receipt of the Completed Application.
                  Where a System Impact Study is required, the provisions of
                  Section 19.1 will govern the execution of a Service Agreement.
                  Failure of an Eligible Customer to execute and return the
                  Service Agreement or request the filing of an unexecuted
                  service agreement pursuant to Section 15.3, within fifteen
                  (15) days after it is tendered by the Transmission Provider
                  will be deemed a withdrawal and termination of the Application
                  and any deposit submitted shall be refunded with interest.
                  Nothing herein limits the right of an Eligible Customer to
                  file another Application after such withdrawal and
                  termination.

         17.7     Extensions for Commencement of Service: The Transmission
                  Customer can obtain up to FIVE (5) ONE-YEAR EXTENSIONS for the
                  commencement of service. The Transmission Customer may
                  postpone service by paying a non-refundable annual reservation
                  fee equal to one-month's charge for Firm Transmission Service
                  for each year or fraction thereof. If during any

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.47

                  extension for the commencement of service an Eligible Customer
                  submits a Completed Application for Firm Transmission Service,
                  and such request can be satisfied only by releasing all or
                  part of the Transmission Customer's Reserved Capacity, the
                  original Reserved Capacity will be released unless the
                  following condition is satisfied. Within thirty (30) days,
                  the original Transmission Customer agrees to pay the Firm
                  Point-To-Point transmission rate for its Reserved Capacity
                  concurrent with the new Service Commencement Date. In the
                  event the Transmission Customer elects to release the
                  Reserved Capacity, the reservation fees or portions thereof
                  previously paid will be forfeited.

18       Procedures for Arranging Non-Firm Point-To-Point Transmission Service

         18.1     Application: Eligible Customers seeking Non-Firm
                  Point-To-Point Transmission Service-must submit a Completed
                  Application to the Transmission Provider. A Completed
                  Application may be submitted by (i) transmitting the required
                  information to the Transmission Provider by telefax, or (ii)
                  providing the information by telephone over the Transmission
                  Provider's time recorded telephone line. Each of these methods
                  will provide a time-stamped record for establishing the
                  service priority of the Application.

         18.2     Completed Application: A Completed Application shall
                  provide all of the information included in 18 CFR Section
                  2.20 including but not limited to the

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.48

                  following:

                  (i)      The identity, address, telephone number and facsimile
                           number of the entity requesting service;

                  (ii)     A statement that the entity requesting service is, or
                           will be upon commencement of service, an Eligible
                           Customer under the Tariff;

                  (iii)    The Point(s) of Receipt and the Point(s) of Delivery;

                  (iv)     The maximum amount of capacity requested at each
                           Point of Receipt and Point of Delivery; and

                  (v)      The proposed dates and hours for initiating and
                           terminating transmission service hereunder.

                           In addition to the information specified above, when
                           required to properly evaluate system conditions, the
                           Transmission Provider also may ask the Transmission
                           Customer to provide the following:

                  (vi)     The electrical location of the initial source of the
                           power to be transmitted pursuant to the Transmission
                           Customer's request for service; and

                  (vii)    The electrical location of the ultimate load.

                           The Transmission Provider will treat this
                           information in (vi) and (vii) as confidential at the
                           request of the Transmission Customer except to the
                           extent that disclosure of this information is
                           required by this Tariff, by regulatory or judicial
                           order, for reliability purposes pursuant to Good
                           Utility Practice, or pursuant to RTG transmission
                           information sharing agreements. The Transmission
                           Provider shall treat this information consistent
                           with the standards of conduct contained in Part 37
                           of the

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.49

                           Commission's regulations.

         18.3     Reservation of Non-Firm Point-To-Point Transmission Service:
                  Requests for monthly service shall be submitted NO EARLIER
                  THAN SIXTY (60) DAYS before service is to commence; requests
                  for weekly service shall be submitted NO EARLIER THAN FOURTEEN
                  (14) DAYS before service is to commence, requests for daily
                  service shall be submitted NO EARLIER THAN TWO (2) DAYS before
                  service is to commence, and requests for hourly service shall
                  be submitted NO EARLIER THAN NOON THE DAY before service is to
                  commence. Requests for service received LATER THAN 2:00 P.M.
                  prior to the day service is scheduled to commence will be
                  accommodated if practicable.

         18.4     Determination of Available Transmission Capability: Following
                  receipt of a tendered schedule the Transmission Provider will
                  make a determination on a non-discriminatory basis of
                  available transmission capability pursuant to Section 15.2.
                  Such determination shall be made as soon as reasonably
                  practicable after receipt, but not later than the following
                  time periods for the following terms of service (i) THIRTY
                  (30) MINUTES FOR HOURLY SERVICE, (ii) THIRTY (30) MINUTES FOR
                  DAILY SERVICE, (iii) FOUR (4) HOURS FOR WEEKLY SERVICE, AND
                  (iv) TWO (2) DAYS FOR MONTHLY SERVICE.

19       Additional Study Procedures For Firm Point-To-Point Transmission
         Service Requests

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.50

         19.1     Notice of Need for System Impact Study: After receiving a
                  request for service, the Transmission Provider shall determine
                  on a nondiscriminatory basis whether a System Impact Study is
                  needed. A description of the Transmission Provider's
                  methodology for completing a System Impact Study is provided
                  in Attachment E. If the Transmission Provider determines that
                  a System Impact Study is necessary to accommodate the
                  requested service, it shall so inform the Eligible Customer,
                  as soon as practicable. In such cases, the Transmission
                  Provider shall within thirty (30) days of receipt of a
                  Completed Application, tender a System Impact Study Agreement
                  pursuant to which the Eligible Customer shall agree to
                  reimburse the Transmission Provider for performing the
                  required System Impact Study. For a service request to remain
                  a Completed Application, the Eligible Customer shall execute
                  the System Impact Study Agreement and return it to the
                  Transmission Provider within fifteen (15) days. If the
                  Eligible Customer elects not to execute the System Impact
                  Study Agreement, its application shall be deemed withdrawn and
                  its deposit, pursuant to Section 17.3, shall be returned with
                  interest.

         19.2     System Impact Study Agreement and Cost Reimbursement:

                  (i)      The System Impact Study Agreement will clearly
                           specify the maximum charge, based on the Transmission
                           Provider's estimate

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.51

                           of the actual cost, and time for completion of the
                           System Impact Study. The charge shall not exceed the
                           actual cost of the study. In performing the System
                           Impact Study, the Transmission Provider shall rely,
                           to the extent reasonably practicable, on existing
                           transmission planning studies. The Eligible Customer
                           will not be assessed a charge for such existing
                           studies; however, the Eligible Customer will be
                           responsible for charges associated with any
                           modifications to existing planning studies that are
                           reasonably necessary to evaluate the impact of the
                           Eligible Customer's request for service on the
                           Transmission System.

                  (ii)     If in response to multiple Eligible Customers
                           requesting service in relation to the same
                           competitive solicitation, a single System Impact
                           Study is sufficient for the Transmission Provider to
                           accommodate the requests for service, the costs of
                           that study shall be pro-rated among the Eligible
                           Customers.

                  (iii)    For System Impact Studies that the Transmission
                           Provider conducts on its own behalf, the Transmission
                           Provider shall record the cost of the System Impact
                           Studies pursuant to Section 20.

         19.3     System Impact Study Procedures: Upon receipt of an executed
                  System Impact Study Agreement, the Transmission Provider will
                  use due diligence to complete the required System Impact Study
                  within a sixty (60)

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(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                     Sheet No.52

                  day period. The System Impact Study shall identify any
                  system constraints and redispatch options, additional Direct
                  Assignment Facilities or Network Upgrades required to provide
                  the requested service. In the event that the Transmission
                  Provider is unable to complete the required System Impact
                  Study within such time period, it shall so notify the
                  Eligible Customer and provide an estimated completion date
                  along with an explanation of the reasons why additional time
                  is required to complete the required studies. A copy of the
                  completed System Impact Study and related work papers shall
                  be made available to the Eligible Customer. The Transmission
                  Provider will use the same due diligence in completing the
                  System Impact Study for an Eligible Customer as it uses when
                  completing studies for itself. The Transmission Provider
                  shall notify the Eligible Customer immediately upon
                  completion of the System Impact Study if the Transmission
                  System will be adequate to accommodate all or part of a
                  request for service or that no costs are likely to be incurred
                  for new transmission facilities or upgrades. In order for a
                  request to remain a Completed Application, within fifteen (15)
                  days of completion of the System Impact Study the Eligible
                  Customer must execute a Service Agreement or request the
                  filing of an unexecuted Service Agreement pursuant to Section
                  15.3, or the Application shall be deemed terminated and
                  withdrawn.

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         19.4     Facilities Study Procedures: If a System Impact Study
                  indicates that additions or upgrades to the Transmission
                  System are needed to supply the Eligible Customer's service
                  request, the Transmission Provider, within thirty (30) days of
                  the completion of the System Impact Study, shall tender to the
                  Eligible Customer a Facilities Study Agreement pursuant to
                  which the Eligible Customer shall agree to reimburse the
                  Transmission Provider for performing the required Facilities
                  Study. For a service request to remain a Completed
                  Application, the Eligible Customer shall execute the
                  Facilities Study Agreement and return it to the Transmission
                  Provider within fifteen (15) days. If the Eligible Customer
                  elects not to execute the Facilities Study Agreement, its
                  application shall be deemed withdrawn and its deposit,
                  pursuant to Section 17.3, shall be returned with interest.
                  Upon receipt of an executed Facilities Study Agreement, the
                  Transmission Provider will use due diligence to complete the
                  required Facilities Study within a sixty (60) day period. If
                  the Transmission Provider is unable to complete the Facilities
                  Study in the allotted time period, the Transmission Provider
                  shall notify the Transmission Customer and provide an estimate
                  of the time needed to reach a final determination along with
                  an explanation of the reasons that additional time is required
                  to complete the study. When completed, the Facilities Study
                  will include a good faith estimate of (i) the cost of Direct
                  Assignment Facilities to be

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                  charged to the Transmission Customer, (ii) the Transmission
                  Customer's appropriate share of the cost of any required
                  Network Upgrades as determined pursuant to the provisions of
                  Part II of the Tariff, and (iii) the time required to
                  complete such construction and initiate the requested service.
                  The Transmission Customer shall provide the Transmission
                  Provider with a letter of credit or other reasonable form of
                  security acceptable to the Transmission Provider equivalent to
                  the costs of new facilities or upgrades consistent with
                  commercial practices as established by the Uniform Commercial
                  Code. The Transmission Customer shall have thirty (30) days
                  to execute a Service Agreement or request the filing of an
                  unexecuted Service Agreement and provide the required letter
                  of credit or other form of security or the request will no
                  longer be a Completed Application and shall be deemed
                  terminated and withdrawn.

         19.5     Facilities Study Modifications: Any change in design arising
                  from inability to site or construct facilities as proposed
                  will require development of a revised good faith estimate. New
                  good faith estimates also will be required in the event of new
                  statutory or regulatory requirements that are effective before
                  the completion of construction or other circumstances beyond
                  the control of the Transmission Provider that significantly
                  affect the final cost of new facilities or upgrades to be
                  charged to the Transmission Customer pursuant to the
                  provisions of Part II of the Tariff.

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         19.6     Due Diligence in Completing New Facilities: The Transmission
                  Provider shall use due diligence to add necessary facilities
                  or upgrade its Transmission System within a reasonable time.
                  The Transmission Provider will not upgrade its existing or
                  planned Transmission System in order to provide the requested
                  Firm Point-To-Point Transmission Service if doing so would
                  impair system reliability or otherwise impair or degrade
                  existing firm service.

         19.7     Partial Interim Service: If the Transmission Provider
                  determines that it will not have adequate transmission
                  capability to satisfy the full amount of a Completed
                  Application for Firm Point-To-Point Transmission Service, the
                  Transmission Provider nonetheless shall be obligated to offer
                  and provide the portion of the requested Firm Point-To-Point
                  Transmission Service that can be accommodated without addition
                  of any facilities and through redispatch. However, the
                  Transmission Provider shall not be obligated to provide the
                  incremental amount of requested Firm Point-To-Point
                  Transmission Service that requires the addition of facilities
                  or upgrades to the Transmission System until such facilities
                  or upgrades have been placed in service.

         19.8     Expedited Procedures for New Facilities: In lieu of the
                  procedures set forth above, the Eligible Customer shall have
                  the option to expedite the process by requesting the
                  Transmission Provider to tender at one time,

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                  together with the results of required studies, an "Expedited
                  Service Agreement" pursuant to which the Eligible Customer
                  would agree to compensate the Transmission Provider for all
                  costs incurred pursuant to the terms of the Tariff. In order
                  to exercise this option, the Eligible Customer shall request
                  in writing an expedited Service Agreement covering all of the
                  above-specified items within thirty (30) days of receiving the
                  results of the System Impact Study identifying needed facility
                  additions or upgrades or costs incurred in providing the
                  requested service. While the Transmission Provider agrees to
                  provide the Eligible Customer with its best estimate of the
                  new facility costs and other charges that may be incurred,
                  such estimate shall not be binding and the Eligible Customer
                  must agree in writing to compensate the Transmission Provider
                  for all costs incurred pursuant to the provisions of the
                  Tariff. The Eligible Customer shall execute and return such an
                  Expedited Service Agreement within fifteen (15) days of its
                  receipt or the Eligible Customer's request for service will
                  cease to be a Completed Application and will be deemed
                  terminated and withdrawn.

20       Procedures if The Transmission Provider is Unable to Complete New
         Transmission Facilities for Firm Point-To-Point Transmission Service

         20.1     Delays in Construction of New Facilities: If any event occurs
                  that will materially affect the time for completion of new
                  facilities, or the ability to

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                  complete them, the Transmission Provider shall promptly
                  notify the Transmission Customer. In such circumstances, the
                  Transmission Provider shall within thirty (30) days of
                  notifying the Transmission Customer of such delays, convene
                  a technical meeting with the Transmission Customer to
                  evaluate the alternatives available to the Transmission
                  Customer. The Transmission Provider also shall make available
                  to the Transmission Customer studies and work papers related
                  to the delay, including all information that is in the
                  possession of the Transmission Provider that is reasonably
                  needed by the Transmission Customer to evaluate any
                  alternatives.

         20.2     Alternatives to the Original Facility Additions: When the
                  review process of Section 20.1 determines that one or more
                  alternatives exist to the originally planned construction
                  project, the Transmission Provider shall present such
                  alternatives for consideration by the Transmission Customer.
                  If, upon review of any alternatives, the Transmission Customer
                  desires to maintain its Completed Application subject to
                  construction of the alternative facilities, it may request the
                  Transmission Provider to submit a revised Service Agreement
                  for Firm Point-To-Point Transmission Service. If the
                  alternative approach solely involves Non-Firm Point-To-Point
                  Transmission Service, the Transmission Provider shall promptly
                  tender a Service Agreement for Non-Firm Point-To-Point
                  Transmission

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                  Service providing for the service. In the event the
                  Transmission Provider concludes that no reasonable
                  alternative exists and the Transmission Customer disagrees,
                  the Transmission Customer may seek relief under the dispute
                  resolution procedures pursuant to Section 12 or it may refer
                  the dispute to the Commission for resolution.

         20.3     Refund Obligation for Unfinished Facility Additions: If the
                  Transmission Provider and the Transmission Customer mutually
                  agree that no other reasonable alternatives exist and the
                  requested service cannot be provided out of existing
                  capability under the conditions of Part Il of the Tariff, the
                  obligation to provide the requested Firm Point-To-Point
                  Transmission Service shall terminate and any deposit made by
                  the Transmission Customer shall be returned with interest
                  pursuant to Commission regulations 35.1 9a(a)(2)(iii).
                  However, the Transmission Customer shall be responsible for
                  all prudently incurred costs by the Transmission Provider
                  through the time construction was suspended.

21       Provisions Relating to Transmission Construction and Services on the
         Systems of Other Utilities

         21.1     Responsibility for Third-Party System Additions: The
                  Transmission Provider shall not be responsible for making
                  arrangements for any necessary engineering, permitting, and
                  construction of transmission or distribution facilities on the
                  system(s) of any other entity or for obtaining

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                                                                     Sheet No.59

                  any regulatory approval for such facilities. The Transmission
                  Provider will undertake reasonable efforts to assist the
                  Transmission Customer in obtaining such arrangements,
                  including without limitation, providing any information or
                  data required by such other electric system pursuant to Good
                  Utility Practice.

         21.2     Coordination of Third-Party System Additions: In circumstances
                  where the need for transmission facilities or upgrades is
                  identified pursuant to the provisions of Part Il of the
                  Tariff, and if such upgrades further require the addition of
                  transmission facilities on other systems, the Transmission
                  Provider shall have the right to coordinate construction on
                  its own system with the construction required by others. The
                  Transmission Provider, after consultation with the
                  Transmission Customer and representatives of such other
                  systems, may defer construction of its new transmission
                  facilities, if the new transmission facilities on another
                  system cannot be completed in a timely manner. The
                  Transmission Provider shall notify the Transmission Customer
                  in writing of the basis for any decision to defer construction
                  and the specific problems which must be resolved before it
                  will initiate or resume construction of new facilities. Within
                  sixty (60) days of receiving written notification by the
                  Transmission Provider of its intent to defer construction
                  pursuant to this section, the Transmission Customer may
                  challenge the decision in accordance with the dispute
                  resolution

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                  procedures pursuant to Section 12 or it may refer the dispute
                  to the Commission for resolution.

22       Changes in Service Specifications

         22.1     Modifications On a Non-Firm Basis: The Transmission Customer
                  taking Firm Point-To-Point Transmission Service may request
                  the Transmission Provider to provide transmission service on a
                  non-firm basis over Receipt and Delivery Points other than
                  those specified in the Service Agreement ("Secondary Receipt
                  and Delivery Points"), in amounts not to exceed its firm
                  capacity reservation, without incurring an additional Non-Firm
                  Point- To-Point Transmission Service charge or executing a new
                  Service Agreement, subject to the following conditions.

                  (a)        Service provided over Secondary Receipt and
                             Delivery Points will be non-firm only, on an
                             as-available basis and will not displace any firm
                             or non-firm service reserved or scheduled by
                             third-parties under the Tariff or by the
                             Transmission Provider on behalf of its Native Load
                             Customers.

                  (b)        The sum of all Firm and non-firm Point-To-Point
                             Transmission Service provided to the Transmission
                             Customer at any time pursuant to this section shall
                             not exceed the Reserved Capacity in the relevant
                             Service Agreement under which such services are
                             provided.

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                  (c)        The Transmission Customer shall retain its right to
                             schedule Firm Point-To-Point Transmission Service
                             at the Receipt and Delivery Points specified in the
                             relevant Service Agreement in the amount of its
                             original capacity reservation.

                  (d)        Service over Secondary Receipt and Delivery Points
                             on a non-firm basis shall not require the filing of
                             an Application for Non-Firm Point-To-Point
                             Transmission Service under the Tariff. However, all
                             other requirements of Part II of the Tariff (except
                             as to transmission rates) shall apply to
                             transmission service on a non-firm basis over
                             Secondary Receipt and Delivery Points.

         22.2     Modification On a Firm Basis: Any request by a Transmission
                  Customer to modify Receipt and Delivery Points on a firm basis
                  shall be treated as a new request for service in accordance
                  with Section 17 hereof, except that such Transmission Customer
                  shall not be obligated to pay any additional deposit if the
                  capacity reservation does not exceed the amount reserved in
                  the existing Service Agreement. While such new request is
                  pending, the Transmission Customer shall retain its priority
                  for service at the existing firm Receipt and Delivery Points
                  specified in its Service Agreement.

23       Sale or Assignment of Transmission Service

         23.1     Procedures for Assignment or Transfer of Service: Subject to
                  Commission

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                                                                     Sheet No.62

                  approval of any necessary filings, a Transmission Customer
                  may sell, assign, or transfer all or a portion of its
                  rights under its Service Agreement, but only to another
                  Eligible Customer (the Assignee). The Transmission Customer
                  that sells, assigns or transfers its rights under its Service
                  Agreement is hereafter referred to as the Reseller.
                  Compensation to the Reseller shall not exceed the higher of
                  (i) the original rate paid by the Reseller, (ii) the
                  Transmission Provider's maximum rate on file at the time of
                  the assignment, or (iii) the Reseller's opportunity cost. If
                  the Assignee does not request any change in the Point(s) of
                  Receipt or the Point(s) of Delivery, or a change in any other
                  term or condition set forth in the original Service Agreement,
                  the Assignee will receive the same services as did the
                  Reseller and the priority of service for the Assignee will be
                  the same as that of the Reseller. A Reseller should notify the
                  Transmission Provider as soon as possible after any assignment
                  or transfer of service occurs but in any event, notification
                  must be provided prior to any provision of service to the
                  Assignee. The Assignee will be subject to all terms and
                  conditions of this Tariff. If the Assignee requests a change
                  in service, the reservation priority of service will be
                  determined by the Transmission Provider pursuant to Section
                  13.2.

         23.2     Limitations on Assignment or Transfer of Service: If the
                  Assignee

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                                                                     Sheet No.63

                  requests a change in the Point(s) of Receipt or Point(s) of
                  Delivery, or a change in any other specifications set forth
                  in the original Service Agreement, the Transmission Provider
                  will consent to such change subject to the provisions of the
                  Tariff, provided that the change will not impair the
                  operation and reliability of the Transmission Provider's
                  generation, transmission, or distribution systems. The
                  Assignee shall compensate the Transmission Provider for
                  performing any System Impact Study needed to evaluate the
                  capability of the Transmission System to accommodate the
                  proposed change and any additional costs resulting from such
                  change. The Reseller shall remain liable for the performance
                  of all obligations under the Service Agreement, except as
                  specifically agreed to by the Parties through an amendment to
                  the Service Agreement.

24       Metering and Power Factor Correction at Receipt and Delivery Points(s)

         24.1     Transmission Customer Obligations: Unless otherwise agreed,
                  the Transmission Customer shall be responsible for installing
                  and maintaining compatible metering and communications
                  equipment to accurately account for the capacity and energy
                  being transmitted under Part II of the Tariff and to
                  communicate the information to the Transmission Provider. Such
                  equipment shall remain the property of the Transmission
                  Customer.

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                                                                     Sheet No.64

         24.2     Transmission Provider Access to Metering Data: The
                  Transmission Provider shall have access to metering data,
                  which may reasonably be required to facilitate measurements
                  and billing under the Service Agreement.

         24.3     Power Factor: Unless otherwise agreed, the Transmission
                  Customer is required to maintain a power factor within the
                  same range as the Transmission Provider pursuant to Good
                  Utility Practices. The power factor requirements are specified
                  in the Service Agreement where applicable.

25       Compensation for Transmission Service

         Rates for Firm and Non-Firm Point-To-Point Transmission Service are
provided in the Schedules appended to the Tariff: Firm Point-To-Point
Transmission Service (Schedule 7); and Non-Firm Point-To-Point Transmission
Service (Schedule 8). The Transmission Provider shall use Part Il of the Tariff
to make its Third-Party Sales. The Transmission Provider shall account for such
use at the applicable Tariff rates, pursuant to Section 8.

26       Stranded Cost Recovery

         The Transmission Provider may seek to recover stranded costs from the
Transmission Customer pursuant to this Tariff in accordance with the terms,
conditions and procedures set forth in FERC Order No. 888. However, the
Transmission Provider must separately file any specific proposed stranded cost
charge under Section 205 of

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                                                                     Sheet No.65

the Federal Power Act.

27       Compensation for New Facilities and Redispatch Costs

         Whenever a System Impact Study performed by the Transmission Provider
in connection with the provision of Firm Point-To-Point Transmission Service
identifies the need for new facilities, the Transmission Customer shall be
responsible for such costs to the extent consistent with Commission policy.
Whenever a System Impact Study performed by the Transmission Provider identifies
capacity constraints that may be relieved more economically by redispatching the
Transmission Provider's resources than by building new facilities or upgrading
existing facilities to eliminate such constraints, the Transmission Customer
shall be responsible for the redispatch costs to the extent consistent with
Commission policy.

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III.     NETWORK INTEGRATION TRANSMISSION SERVICE

Preamble

         The Transmission Provider will provide Network Integration Transmission
Service pursuant to the applicable terms and conditions contained in the Tariff
and Service Agreement. Network Integration Transmission Service allows the
Network Customer to integrate, economically dispatch and regulate its current
and planned Network Resources to serve its Network Load in a manner comparable
to that in which the Transmission Provider utilizes its Transmission System to
serve its Native Load Customers. Network Integration Transmission Service also
may be used by the Network Customer to deliver economy energy purchases to its
Network Load from non-designated resources on an as-available basis without
additional charge. Transmission service for sales to non-designated loads will
be provided pursuant to the applicable terms and conditions of Part II of the
Tariff.

28       Nature of Network Integration Transmission Service

         28.1     Scope of Service: Network Integration Transmission Service is
                  a transmission service that allows Network Customers to
                  efficiently and economically utilize their Network Resources
                  (as well as other non designated generation resources) to
                  serve their Network Load located in the Transmission
                  Provider's Control Area and any additional load that may be
                  designated pursuant to Section 31.3 of the Tariff. The Network
                  Customer taking Network Integration Transmission Service must
                  obtain or

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                  provide Ancillary Services pursuant to Section 3.

         28.2     Transmission Provider Responsibilities: The Transmission
                  Provider will plan, construct, operate and maintain its
                  Transmission System in accordance with Good Utility Practice
                  in order to provide the Network Customer with Network
                  Integration Transmission Service over the Transmission
                  Provider's Transmission System. The Transmission Provider, on
                  behalf of its Native Load Customers, shall be required to
                  designate resources and loads in the same manner as any
                  Network Customer under Part III of this Tariff. This
                  information must be consistent with the information used by
                  the Transmission Provider to calculate available transmission
                  capability. The Transmission Provider shall include the
                  Network Customer's Network Load in its Transmission System
                  planning and shall, consistent with Good Utility Practice,
                  endeavor to construct and place into service sufficient
                  transmission capacity to deliver the Network Customer's
                  Network Resources to serve its Network Load on a basis
                  comparable to the Transmission Provider's delivery of its own
                  generating and purchased resources to its Native Load
                  Customers.

         28.3     Network Integration Transmission Service: The Transmission
                  Provider will provide firm transmission service over its
                  Transmission System to the Network Customer for the delivery
                  of capacity and energy from its designated Network Resources
                  to service its Network Loads on a basis

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                  that is comparable to the Transmission Provider's use of the
                  Transmission System to reliably serve its Native Load
                  Customers.

         28.4     Secondary Service: The Network Customer may use the
                  Transmission Provider's Transmission System to deliver energy
                  to its Network Loads from resources that have not been
                  designated as Network Resources. Such energy shall be
                  transmitted, on an as-available basis, at no additional
                  charge. Deliveries from resources other than Network Resources
                  will have a higher priority than any Non-Firm Point-To-Point
                  Transmission Service under Part II of the Tariff.

         28.5     Real Power Losses: Real Power Losses are associated with all
                  transmission service. The Transmission Provider is not
                  obligated to provide Real Power Losses. The Network Customer
                  is responsible for replacing losses associated with all
                  transmission service as calculated by the Transmission
                  Provider. The applicable Real Power Loss factors are as
                  follows:

<TABLE>
<S>                                                                    <C>
                             Energy Related Loss Factor                1.036984

                             Demand Related Loss Factor                1.044863
</TABLE>

                  The loss factors for Direct Assignment Facilities shall be
                  determined on a case by case basis.

         28.6     Restrictions on Use of Service: The Network Customer shall not
                  use Network Integration Transmission Service for (i) sales of
                  capacity and

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                  energy to non-designated loads, or (ii) direct or indirect
                  provision of transmission service by the Network Customer to
                  third parties. All Network Customers taking Network
                  Integration Transmission Service shall use Point-To-Point
                  Transmission Service under Part II of the Tariff for any
                  Third-Party Sale which requires use of the Transmission
                  Provider's Transmission System.

29       Initiating Service

         29.1     Condition Precedent for Receiving Service: Subject to the
                  terms and conditions of Part III of the Tariff, the
                  Transmission Provider will provide Network Integration
                  Transmission Service to any Eligible Customer, provided
                  that (i) the Eligible Customer completes an Application
                  for service as provided under Part III of the Tariff,
                  (ii) the Eligible Customer and the Transmission Provider
                  complete the technical arrangements set forth in Setions
                  29.3 and 29.4, (iii) the Eligible customer executes a Service
                  Agreement pursuant to Attachemtn G for service under Part III
                  of the Tariff or requests in writing that the Transmission
                  Provider file a proposed unexecuted Service Agreement with
                  the Commission, and (iv) the Eligible Customer executes a
                  Network Operating Agreement with the Transmission Provider
                  pursuant to Attachment H.

         29.2     Application Procedures: An Eligible Customer requesting
                  service under Part III of the Tariff must submit an
                  Application, with a deposit

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                  approximating the charge for one month of service, to the
                  Transmission Provider as far as possible in advance of the
                  month in which service is to commence. Unless subject to the
                  procedures in Section 2, Completed Applications for Network
                  Integration Transmission Service will be assigned a priority
                  according to the date and time the Application is received,
                  with the earliest Application receiving the highest priority.
                  A Completed Application may be submitted by (i) transmitting
                  the required information to the Transmission Provider by
                  telefax, or (ii) providing the information by telephone over
                  the Transmission Provider's time recorded telephone line.
                  Each of these methods will provide a time-stamped record for
                  establishing the service priority of the Application. A
                  Completed Application shall provide all of the information
                  included in 18 CFR Section 2.20 including but not limited to
                  the  following:

                  (i)      The identity, address, telephone number and facsimile
                           number of the party requesting service;

                  (ii)     A statement that the party requesting service is, or
                           will be upon commencement of service, an Eligible
                           Customer under the Tariff;

                  (iii)    A description of the Network Load at each delivery
                           point. This description should separately identify
                           and provide the Eligible Customer's best estimate of
                           the total loads to be served at each transmission
                           voltage level, and the loads to be served from each
                           Transmission Provider substation at the same
                           transmission voltage level. The description should
                           include a ten (10) year forecast of summer and winter
                           load and resource requirements beginning with the
                           first year after the service is scheduled to
                           commence;

                  (iv)     The amount and location of any interruptible loads
                           included in the

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                           Network Load. This shall include the summer and
                           winter capacity requirements for each interruptible
                           load (had such load not been interruptible), that
                           portion of the load subject to interruption, the
                           conditions under which an interruption can be
                           implemented and any limitations on the amount and
                           frequency of interruptions. An Eligible Customer
                           should identify the amount of interruptible customer
                           load (if any) included in the 10 year load forecast
                           provided in response to (iii) above;

                  (v)      A description of Network Resources (current and
                           10-year projection), which shall include, for each
                           Network Resource:
                           -        Unit size and amount of capacity from that
                                    unit to be designated as Network Resource
                           -        VAR capability (both leading and lagging) of
                                    all generators
                           -        Operating restrictions
                                    -        Any periods of restricted
                                             operations throughout the year
                                    -        Maintenance schedules
                                    -        Minimum loading level of unit
                                    -        Normal operating level of unit
                                    -        Any must-run unit designations
                                             required for system reliability or
                                             contract reasons
                           -        Approximate variable generating cost ($/MWH)
                                    for redispatch computations
                           -        Arrangements governing sale and delivery of
                                    power to third parties from generating
                                    facilities located in the Transmission
                                    Provider Control Area, where only a portion
                                    of unit output is designated as a Network
                                    Resource
                           -        Description of purchased power designated as
                                    a Network Resource including source of
                                    supply, Control Area location, transmission
                                    arrangements and delivery point(s) to the
                                    Transmission Provider's Transmission System;

                  (vi)     Description of Eligible Customer's transmission
                           system:

                           -        Load flow and stability data, such as real
                                    and reactive parts of the load, lines,
                                    transformers, reactive devices and load
                                    type, including normal and emergency ratings
                                    of all transmission equipment in a load flow
                                    format compatible with that used by the
                                    Transmission Provider
                           -        Operating restrictions needed for
                                    reliability
                           -        Operating guides employed by system
                                    operators
                           -        Contractual restrictions or committed uses
                                    of the Eligible

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                                                                     Sheet No.72

                                    Customer's transmission system, other than
                                    the Eligible Customer's Network Loads and
                                    Resources
                           -        Location of Network Resources described in
                                    subsection (v) above
                           -        10 year projection of system expansions or
                                    upgrades
                           -        Transmission System maps that include any
                                    proposed expansions or upgrades
                           -        Thermal ratings of Eligible Customer's
                                    Control Area ties with other Control Areas;
                                    and

                  (vii)    Service Commencement Date and the term of the
                           requested Network Integration Transmission Service.
                           The minimum term for Network Integration Transmission
                           Service is one year.

Unless the Parties agree to a different time frame, the Transmission Provider
must acknowledge the request within ten (10) days of receipt. The
acknowledgment must include a date by which a response, including a Service
Agreement, will be sent to the Eligible Customer. If an Application fails to
meet the requirements of this section, the Transmission Provider shall notify
the Eligible Customer requesting service within fifteen (15) days of receipt
and specify the reasons for such failure. Wherever possible, the Transmission
Provider will attempt to remedy deficiencies in the Application through
informal communications with the Eligible Customer. If such efforts are
unsuccessful, the Transmission Provider shall return the Application without
prejudice to the Eligible Customer filing a new or revised Application that
fully complies with the requirements of this section. The Eligible Customer
will be assigned a new priority consistent with the date of the new or
revised

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Application. The Transmission Provider shall treat this
information consistent with the standards of conduct contained in Part 37 of
the Commission's regulations.

         29.3     Technical Arrangements to be Completed Prior to Commencement
                  of Service: Network Integration Transmission Service shall not
                  commence until the Transmission Provider and the Network
                  Customer, or a third party, have completed installation of all
                  equipment specified under the Network Operating Agreement
                  consistent with Good Utility Practice and any additional
                  requirements reasonably and consistently imposed to ensure the
                  reliable operation of the Transmission System. The
                  Transmission Provider shall exercise reasonable efforts, in
                  coordination with the Network Customer, to complete such
                  arrangements as soon as practicable taking into consideration
                  the Service Commencement Date.

         29.4     Network Customer Facilities: The provision of Network
                  Integration Transmission Service shall be conditioned upon the
                  Network Customer's constructing, maintaining and operating the
                  facilities on its side of each delivery point or
                  interconnection necessary to reliably deliver capacity and
                  energy from the Transmission Provider's Transmission System to
                  the Network Customer. The Network Customer shall be solely
                  responsible for constructing or installing all facilities on
                  the Network Customer's side of each such delivery point or
                  interconnection.

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         29.5     Filing of Service Agreement: The Transmission Provider will
                  file Service Agreements with the Commission in compliance with
                  applicable Commission regulations.

30       Network Resources

         30.1     Designation of Network Resources: Network Resources shall
                  include all generation owned or purchased by the Network
                  Customer designated to serve Network Load under the Tariff.
                  Network Resources may not include resources, or any portion
                  thereof, that are committed for sale to non-designated third
                  party load or otherwise cannot be called upon to meet the
                  Network Customer's Network Load on a non-interruptible basis.
                  Any owned or purchased resources that were serving the Network
                  Customer's loads under firm agreements entered into on or
                  before the Service Commencement Date shall initially be
                  designated as Network Resources until the Network Customer
                  terminates the designation of such resources.

         30.2     Designation of New Network Resources: The Network Customer may
                  designate a new Network Resource by providing the Transmission
                  Provider with as much advance notice as practicable. A
                  designation of a new Network Resource must be made by a
                  request for modification of service pursuant to an Application
                  under Section 29.

         30.3     Termination of Network Resources: The Network Customer may
                  terminate the designation of all or part of a generating
                  resource as a

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                  Network Resource at any time but should provide notification
                  to the Transmission Provider as soon as reasonably
                  practicable.

         30.4     Operation of Network Resources: The Network Customer shall not
                  operate its designated Network Resources located in the
                  Network Customer's or Transmission Provider's Control Area
                  such that the output of those facilities exceeds its
                  designated Network Load plus losses.

         30.5     Network Customer Redispatch Obligation: As a condition to
                  receiving Network Integration Transmission Service, the
                  Network Customer agrees to redispatch its Network Resources as
                  requested by the Transmission Provider pursuant to Section
                  33.2. To the extent practical, the redispatch of resources
                  pursuant to this section shall be on a least cost,
                  nondiscriminatory basis between all Network Customers, and the
                  Transmission Provider.

         30.6     Transmission Arrangements for Network Resources Not Physically
                  Interconnected With The Transmission Provider: The Network
                  Customer shall be responsible for any arrangements necessary
                  to deliver capacity and energy from a Network Resource not
                  physically interconnected with the Transmission Provider's
                  Transmission System. The Transmission Provider will undertake
                  reasonable efforts to assist the Network Customer in obtaining
                  such arrangements, including without limitation, providing any
                  information or data required by such other entity pursuant to
                  Good Utility

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                  Practice.

         30.7     Limitation on Designation of Network Resources: The Network
                  Customer must demonstrate that it owns or has committed to
                  purchase generation pursuant to an executed contract in order
                  to designate a generating resource as a Network Resource.
                  Alternatively, the Network Customer may establish that
                  execution of a contract is contingent upon the availability of
                  transmission service under Part III of the Tariff.

         30.8     Use of Interface Capacity by the Network Customer: There is no
                  limitation upon a Network Customer's use of the Transmission
                  Provider's Transmission System at any particular interface to
                  integrate the Network Customer's Network Resources (or
                  substitute economy purchases) with its Network Loads. However,
                  a Network Customer's use of the Transmission Provider's total
                  interface capacity with other transmission systems may not
                  exceed the Network Customer's Load Ratio Share.

         30.9     Network Customer Owned Transmission Facilities: The Network
                  Customer that owns existing transmission facilities that are
                  integrated with the Transmission Provider's Transmission
                  System may be eligible to receive consideration either through
                  a billing credit or some other mechanism. In order to receive
                  such consideration the Network Customer must demonstrate that
                  its transmission facilities are integrated into the planning
                  and operations of the Transmission Provider to serve all of
                  its

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                  power and transmission customers. For facilities constructed
                  by the Network Customer subsequent to the Service
                  Commencement Date under Part Ill of the Tariff, the Network
                  Customer shall receive credit where such facilities are
                  jointly planned and installed in coordination with the
                  Transmission Provider. Calculation of the credit shall be
                  addressed in either the Network Customer's Service Agreement
                  or any other agreement between the Parties.

31       Designation of Network Load

         31.1     Network Load: The Network Customer must designate the
                  individual Network Loads on whose behalf the Transmission
                  Provider will provide Network Integration Transmission
                  Service. The Network Loads shall be specified in the Service
                  Agreement.

         31.2     New Network Loads Connected With the Transmission Provider:
                  The Network Customer shall provide the Transmission Provider
                  with as much advance notice as reasonably practicable of the
                  designation of new Network Load that will be added to its
                  Transmission System. A designation of new Network Load must be
                  made through a modification of service pursuant to a new
                  Application. The Transmission Provider will use due diligence
                  to install any transmission facilities required to
                  interconnect a new Network Load designated by the Network
                  Customer. The costs of new facilities required to interconnect
                  a new Network Load

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                  shall be determined in accordance with the procedures
                  provided in Section 32.4 and shall be charged to the Network
                  Customer in accordance with Commission policies.

         31.3     Network Load Not Physically Interconnected with the
                  Transmission Provider: This section applies to both initial
                  designation pursuant to Section 31.1 and the subsequent
                  addition of new Network Load not physically interconnected
                  with the Transmission Provider. To the extent that the Network
                  Customer desires to obtain transmission service for a load
                  outside the Transmission Provider's Transmission System, the
                  Network Customer shall have the option of (1) electing to
                  include the entire load as Network Load for all purposes under
                  Part Ill of the Tariff and designating Network Resources in
                  connection with such additional Network Load, or (2) excluding
                  that entire load from its Network Load and purchasing
                  Point-To-Point Transmission Service under Part II of the
                  Tariff. To the extent that the Network Customer gives notice
                  of its intent to add a new Network Load as part of its Network
                  Load pursuant to this section the request must be made through
                  a modification of service pursuant to a new Application.

         31.4     New Interconnection Points: To the extent the Network Customer
                  desires to add a new Delivery Point or interconnection point
                  between the Transmission Provider's Transmission System and a
                  Network Load, the

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                  Network Customer shall provide the Transmission Provider with
                  as much advance notice as reasonably practicable.

         31.5     Changes in Service Requests: Under no circumstances shall the
                  Network Customer's decision to cancel or delay a requested
                  change in Network Integration Transmission Service (E.G. the
                  addition of a new Network Resource or designation of a new
                  Network Load) in any way relieve the Network Customer of its
                  obligation to pay the costs of transmission facilities
                  constructed by the Transmission Provider and charged to the
                  Network Customer as reflected in the Service Agreement.
                  However, the Transmission Provider must treat any requested
                  change in Network Integration Transmission Service in a
                  non-discriminatory manner.

         31.6     Annual Load and Resource Information Updates: The Network
                  Customer shall provide the Transmission Provider with annual
                  updates of Network Load and Network Resource forecasts
                  consistent with those included in its Application for Network
                  Integration Transmission Service under Part Ill of the Tariff.
                  The Network Customer also shall provide the Transmission
                  Provider with timely written notice of material changes in any
                  other information provided in its Application relating to the
                  Network Customer's Network Load, Network Resources, its
                  transmission system or other aspects of its facilities or
                  operations affecting the Transmission Provider's ability to
                  provide reliable service.

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32       Additional Study Procedures For Network Integration Transmission
         Service Requests

         32.1     Notice of Need for System Impact Study: After receiving a
                  request for service, the Transmission Provider shall determine
                  on a non discriminatory basis whether a System Impact Study is
                  needed. A description of the Transmission Provider's
                  methodology for completing a System Impact Study is provided
                  in Attachment E. If the Transmission Provider determines that
                  a System Impact Study is necessary to accommodate the
                  requested service, it shall so inform the Eligible Customer,
                  as soon as practicable. In such cases, the Transmission
                  Provider shall within thirty (30) days of receipt of a
                  Completed Application, tender a System Impact Study Agreement
                  pursuant to which the Eligible Customer shall agree to
                  reimburse the Transmission Provider for performing the
                  required System Impact Study. For a service request to remain
                  a Completed Application, the Eligible Customer shall execute
                  the System Impact Study Agreement and return it to the
                  Transmission Provider within fifteen (15) days. If the
                  Eligible Customer elects not to execute the System Impact
                  Study Agreement, its Application shall be deemed withdrawn and
                  its deposit shall be returned with interest.

         32.2     System Impact Study Agreement and Cost Reimbursement:

                  (i)      The System Impact Study Agreement will clearly
                           specify the

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                           maximum charge, based on the Transmission Provider's
                           estimate of the actual cost, and time for completion
                           of the System Impact Study. The charge shall not
                           exceed the actual cost of the study. In performing
                           the System Impact Study, the Transmission Provider
                           shall rely, to the extent reasonably practicable, on
                           existing transmission planning studies. The Eligible
                           Customer will not be assessed a charge for such
                           existing studies; however, the Eligible Customer will
                           be responsible for charges associated with any
                           modifications to existing planning studies that are
                           reasonably necessary to evaluate the impact of the
                           Eligible Customer's request for service on the
                           Transmission System.

                  (ii)     If in response to multiple Eligible Customers
                           requesting service in relation to the same
                           competitive solicitation, a single System Impact
                           Study is sufficient for the Transmission Provider to
                           accommodate the service requests, the costs of that
                           study shall be pro-rated among the Eligible
                           Customers.

                  (iii)    For System Impact Studies that the Transmission
                           Provider conducts on its own behalf, the Transmission
                           Provider shall record the cost of the System Impact
                           Studies pursuant to Section 8.

         32.3     System Impact Study Procedures: Upon receipt of an executed
                  System Impact Study Agreement, the Transmission Provider will
                  use due

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                  diligence to complete the required System Impact Study
                  within a sixty (60) day period. The System Impact Study shall
                  identify any system constraints and redispatch options,
                  additional Direct Assignment Facilities or Network Upgrades
                  required to provide the requested service. In the event that
                  the Transmission Provider is unable to complete the required
                  System Impact Study within such time period, it shall so
                  notify the Eligible Customer and provide an estimated
                  completion date along with an explanation of the reasons why
                  additional time is required to complete the required studies.
                  A copy of the completed System Impact Study and related work
                  papers shall be made available to the Eligible Customer. The
                  Transmission Provider will use the same due diligence in
                  completing the System Impact Study for an Eligible Customer as
                  it uses when completing studies for itself. The Transmission
                  Provider shall notify the Eligible Customer immediately upon
                  completion of the System Impact Study if the Transmission
                  System will be adequate to accommodate all or part of a
                  request for service or that no costs are likely to be incurred
                  for new transmission facilities or upgrades. In order for a
                  request to remain a Completed Application, within fifteen (15)
                  days of completion of the System Impact Study the Eligible
                  Customer must execute a Service Agreement or request the
                  filing of an unexecuted Service Agreement, or the Application
                  shall be deemed terminated and withdrawn.

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         32.4     Facilities Study Procedures: If a System Impact Study
                  indicates that additions or upgrades to the Transmission
                  System are needed to supply the Eligible Customer's service
                  request, the Transmission Provider, within thirty (30) days of
                  the completion of the System Impact Study, shall tender to the
                  Eligible Customer a Facilities Study Agreement pursuant to
                  which the Eligible Customer shall agree to reimburse the
                  Transmission Provider for performing the required Facilities
                  Study. For a service request to remain a Completed
                  Application, the Eligible Customer shall execute the
                  Facilities Study Agreement and return it to the Transmission
                  Provider within fifteen (15) days. If the Eligible Customer
                  elects not to execute the Facilities Study Agreement, its
                  Application shall be deemed withdrawn and its deposit shall be
                  returned with interest. Upon receipt of an executed Facilities
                  Study Agreement, the Transmission Provider will use due
                  diligence to complete the required Facilities Study within a
                  sixty (60) day period. If the Transmission Provider is unable
                  to complete the Facilities Study in the allotted time period,
                  the Transmission Provider shall notify the Eligible Customer
                  and provide an estimate of the time needed to reach a final
                  determination along with an explanation of the reasons that
                  additional time is required to complete the study. When
                  completed, the Facilities Study will include a good faith
                  estimate of (i) the cost of Direct Assignment Facilities to be
                  charged to the Eligible

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                  Customer, (ii) the Eligible Customer's appropriate share of
                  the cost of any required Network Upgrades, and (iii) the
                  time required to complete such construction and initiate the
                  requested service. The Eligible Customer shall provide the
                  Transmission Provider with a letter of credit or other
                  reasonable form of security acceptable to the Transmission
                  Provider equivalent to the costs of new facilities or
                  upgrades consistent with commercial practices as established
                  by the Uniform Commercial Code. The Eligible Customer shall
                  have thirty (30) days to execute a Service Agreement or
                  request the filing of an unexecuted Service Agreement and
                  provide the required letter of credit or other form of
                  security or the request no longer will be a Completed
                  Application and shall be deemed terminated and withdrawn.

33       Load Shedding and Curtailments

         33.1     Procedures: Prior to the Service Commencement Date, the
                  Transmission Provider and the Network Customer shall establish
                  Load Shedding and Curtailment procedures pursuant to the
                  Network Operating Agreement with the objective of responding
                  to contingencies on the Transmission System. The Parties will
                  implement such programs during any period when the
                  Transmission Provider determines that a system contingency
                  exists and such procedures are necessary to alleviate such
                  contingency. The Transmission Provider will notify all
                  affected Network Customers in a

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                  timely manner of any scheduled Curtailment.

         33.2     Transmission Constraints: During any period when the
                  Transmission Provider determines that a transmission
                  constraint exists on the Transmission System, and such
                  constraint may impair the reliability of the Transmission
                  Provider's system, the Transmission Provider will take
                  whatever actions, consistent with Good Utility Practice, that
                  are reasonably necessary to maintain the reliability of the
                  Transmission Provider's system. To the extent the Transmission
                  Provider determines that the reliability of the Transmission
                  System can be maintained by redispatching resources, the
                  Transmission Provider will initiate procedures pursuant to the
                  Network Operating Agreement to redispatch all Network
                  Resources and the Transmission Provider's own resources on a
                  least-cost basis without regard to the ownership of such
                  resources. Any redispatch under this section may not unduly
                  discriminate between the Transmission Provider's use of the
                  Transmission System on behalf of its Native Load Customers and
                  any Network Customer's use of the Transmission System to serve
                  its designated Network Load.

         33.3     Cost Responsibility for Relieving Transmission Constraints:
                  Whenever the Transmission Provider implements least-cost
                  redispatch procedures in response to a transmission
                  constraint, the Transmission Provider and Network Customers
                  will each bear a proportionate share of the total

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                  redispatch cost based on their respective Load Ratio Shares.

         33.4     Curtailments of Scheduled Deliveries: If a transmission
                  constraint on the Transmission Provider's Transmission System
                  cannot be relieved through the implementation of least-cost
                  redispatch procedures and the Transmission Provider determines
                  that it is necessary to Curtail scheduled deliveries, the
                  Parties shall Curtail such schedules in accordance with the
                  Network Operating Agreement.

         33.5     Allocation of Curtailments: The Transmission Provider shall,
                  on a nondiscriminatory basis, Curtail the transaction(s) that
                  effectively relieve the constraint. However, to the extent
                  practicable and consistent with Good Utility Practice, any
                  Curtailment will be shared by the Transmission Provider and
                  Network Customer in proportion to their respective Load Ratio
                  Shares. The Transmission Provider shall not direct the Network
                  Customer to Curtail schedules to an extent greater than the
                  Transmission Provider would Curtail the Transmission
                  Provider's schedules under similar circumstances.

         33.6     Load Shedding: To the extent that a system contingency exists
                  on the Transmission Provider's Transmission System and the
                  Transmission Provider determines that it is necessary for the
                  Transmission Provider and the Network Customer to shed load,
                  the Parties shall shed load in accordance with previously
                  established procedures under the Network

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                  Operating Agreement.

         33.7     System Reliability: Notwithstanding any other provisions of
                  this Tariff, the Transmission Provider reserves the right,
                  consistent with Good Utility Practice and on a not unduly
                  discriminatory basis, to Curtail Network Integration
                  Transmission Service without liability on the Transmission
                  Provider's part for the purpose of making necessary
                  adjustments to, changes in, or repairs on its lines,
                  substations and facilities, and in cases where the continuance
                  of Network Integration Transmission Service would endanger
                  persons or property. In the event of any adverse condition(s)
                  or disturbance(s) on the Transmission Provider's Transmission
                  System or on any other system(s) directly or indirectly
                  interconnected with the Transmission Provider's Transmission
                  System, the Transmission Provider, consistent with Good
                  Utility Practice, also may Curtail Network Integration
                  Transmission Service in order to (i) limit the extent or
                  damage of the adverse condition(s) or disturbance(s), (ii)
                  prevent damage to generating or transmission facilities, or
                  (iii) expedite restoration of service. The Transmission
                  Provider will give the Network Customer as much advance notice
                  as is practicable in the event of such Curtailment. Any
                  Curtailment of Network Integration Transmission Service will
                  be not unduly discriminatory relative to the Transmission
                  Provider's use of the Transmission System on behalf of its
                  Native Load

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                  Customers. The Transmission Provider shall specify the rate
                  treatment and all related terms and conditions applicable in
                  the event that the Network Customer fails to respond to
                  established Load Shedding and Curtailment procedures.

34       Rates and Charges

         The Network Customer shall pay the Transmission Provider for any Direct
         Assignment Facilities, Local Distribution Facilities, Ancillary
         Services, and applicable study costs, consistent with Commission
         policy, along with the following:

         34.1     Monthly Demand Charge: The Network Customer shall pay a
                  monthly Demand Charge, which shall be determined by
                  multiplying its Load Ratio Share times one twelfth (1/12) of
                  the Transmission Provider's Annual Transmission Revenue
                  Requirement specified in Attachment I.

         34.2     Determination of Network Customer's Network Load: The average
                  of the previous year's June, July, and August hourly peak
                  loads designated by the Customer to be network loads,
                  coincident with the respective monthly coincident peak loads
                  of the Transmission Provider's Transmission System. If a
                  Customer adds a new Network Load, the Customer's Average Peak
                  Load will be determined by including the monthly coincident
                  peak loads of the new Network Load for the previous June,

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                  July, and August months. If coincident peak load data for the
                  prior three coincident peak months of June, July, and August
                  is not available, the Customer's non-coincident peak load for
                  the previous June, July, and August will be used in
                  determining its Network Load. All monthly Customer loads will
                  be adjusted for the Transmission Provider's transmission
                  demand losses.

         34.3     Determination of Transmission Provider's Transmission System
                  Average Peak Load: The Transmission Provider's Transmission
                  System Average Peak load is the average of the monthly
                  coincident-peak loads of the Transmission Provider's
                  Transmission System for the previous year's three (3)
                  coincident peak months of June, July, and August. The monthly
                  coincident peak loads will consist of all firm loads on the
                  Transmission Provider's Transmission System minus the
                  coincident peak usage of all Firm Point-To-Point Transmission
                  Service customers pursuant to Part Il of this Tariff plus the
                  Reserved Capacity of all Firm Point-To-Point Transmission
                  Service customers. All loads will be adjusted for the
                  Transmission Provider's transmission demand losses.

         34.4     Redispatch Charge: The Network Customer shall pay a Load Ratio
                  Share of any redispatch costs allocated between the Network
                  Customer and the Transmission Provider pursuant to Section 33.
                  To the extent that the Transmission Provider incurs an
                  obligation to the Network Customer for

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                  redispatch costs in accordance with Section 33, such amounts
                  shall be credited against the Network Customer's bill for the
                  applicable month.

         34.5     Stranded Cost Recovery: The Transmission Provider may seek to
                  recover stranded costs from the Network Customer pursuant to
                  this Tariff in accordance with the terms, conditions and
                  procedures set forth in FERC Order No. 888. However, the
                  Transmission Provider must separately file any proposal to
                  recover stranded costs under Section 205 of the Federal Power
                  Act.

35       Operating Arrangements

         35.1     Operation under The Network Operating Agreement: The Network
                  Customer shall plan, construct, operate and maintain its
                  facilities in accordance with Good Utility Practice and in
                  conformance with the Network Operating Agreement.

         35.2     Network Operating Agreement: The terms and conditions under
                  which the Network Customer shall operate its facilities and
                  the technical and operational matters associated with the
                  implementation of Part Ill of the Tariff shall be specified in
                  the Network Operating Agreement. The Network Operating
                  Agreement shall provide for the Parties to (i) operate and
                  maintain equipment necessary for integrating the Network
                  Customer within the Transmission Provider's Transmission
                  System (including, but not limited to, remote terminal units,
                  metering, communications equipment

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                  and relaying equipment), (ii) transfer data between the
                  Transmission Provider and the Network Customer (including,
                  but not limited to, heat rates and operational
                  characteristics of Network Resources, generation schedules
                  for units outside the Transmission Provider's Transmission
                  System, interchange schedules, unit outputs for redispatch
                  required under Section 33, voltage schedules, loss factors
                  and other real time data), (iii) use software programs
                  required for data links and constraint dispatching,
                  (iv) exchange data on forecasted loads and resources
                  necessary for long-term planning, and (v) address any other
                  technical and operational considerations required for
                  implementation of Part Ill of the Tariff, including
                  scheduling protocols. The Network Operating Agreement will
                  recognize that the Network Customer shall either (i) operate
                  as a Control Area under applicable guidelines of the North
                  American Electric Reliability Council (NERC) and the Southwest
                  Power Pool (SPP), (ii) satisfy its Control Area requirements,
                  including all necessary Ancillary Services, by contracting
                  with the Transmission Provider, or (iii) satisfy its Control
                  Area requirements, including all necessary Ancillary Services,
                  by contracting with another entity, consistent with Good
                  Utility Practice, which satisfies NERC and the SPP
                  requirements. The Transmission Provider shall not unreasonably
                  refuse to accept contractual arrangements with another entity
                  for Ancillary Services. The Network Operating Agreement is

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                  included in Attachment H.

         35.3     Network Operating Committee: A Network Operating Committee
                  (Committee) shall be established to coordinate operating
                  criteria for the Parties' respective responsibilities under
                  the Network Operating Agreement. Each Network Customer shall
                  be entitled to have at least one representative on the
                  Committee. The Committee shall meet from time to time as need
                  requires, but no less than once each calendar year.

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                                   SCHEDULE 1

                 Scheduling, System Control and Dispatch Service

         This service is required to schedule the movement of power through,
out of, within, or into a Control Area. This service can be provided only by
the operator of the Control Area in which the transmission facilities used
for transmission service are located. Scheduling, System Control and Dispatch
Service is to be provided directly by the Transmission Provider (if the
Transmission Provider is the Control Area operator) or indirectly by the
Transmission Provider making arrangements with the Control Area operator that
performs this service for the Transmission Provider's Transmission System.
The Transmission Customer must purchase this service from the Transmission
Provider or the Control Area operator. There is no separate charge for
Scheduling, System Control and Dispatch Service. The Control Area Operator
provides this service for the Transmission Provider and does not charge
separately for this service.

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                                   SCHEDULE 2

                    Reactive Supply and Voltage Control from
                           Generation Sources Service

         In order to maintain transmission voltages on the Transmission
Provider's transmission facilities within acceptable limits, generation
facilities (in the Control Area where the Transmission Provider's
transmission facilities are located) are operated to produce (or absorb)
reactive power. Thus, Reactive Supply and Voltage Control from Generation
Sources Service must be provided for each transaction on the Transmission
Provider's transmission facilities. The amount of Reactive Supply and Voltage
Control from Generation Sources Service that must be supplied with respect to
the Transmission Customer's transaction will be determined based on the
reactive power support necessary to maintain transmission voltages within
limits that are generally accepted in the region and consistently adhered to
by the Transmission Provider.

         Reactive Supply and Voltage Control from Generation Sources Service
is to be provided directly by the Transmission Provider (if the Transmission
Provider is the Control Area operator) or indirectly by the Transmission
Provider making arrangements with the Control Area operator that performs
this service for the Transmission Provider's Transmission System. The
Transmission Customer must purchase this service from the Transmission
Provider or the Control Area operator. There is no

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                                                                     Sheet No.95

separate charge for this service. The Control Area Operator provides this
service for the Transmission Provider and does not charge separately for this
service.

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                                   SCHEDULE 3

                  Regulation and Frequency Response Service

Regulation and Frequency Response Service is necessary to provide for the
continuous balancing of resources (generation and interchange) with load and
for maintaining scheduled Interconnection frequency at sixty cycles per
second (60 Hz). Regulation and Frequency Response Service is accomplished by
committing on-line generation whose output is raised or lowered
(predominantly through the use of automatic generating control equipment) as
necessary to follow the moment-by-moment changes in load. The obligation to
maintain this balance between resources and load lies with the Transmission
Provider (or the Control Area operator that performs this function for the
Transmission Provider). The Transmission Provider must offer this service
when the transmission service is used to serve load within its Control Area.
The Transmission Customer must either purchase this service from the
Transmission Provider or make alternative comparable arrangements to satisfy
its Regulation and Frequency Response Service obligation. The amount of and
charges for Regulation and Frequency Response Service shall be that agreed
upon by the Parties at the time this service is reserved and in no event
shall exceed those set forth below. To the extent the Control Area operator
performs this service for the Transmission

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Provider, charges to the Transmission Customer are to reflect only a
passthrough of the costs charged to the Transmission Provider by that Control
Area operator.

1)       Yearly delivery: one-twelfth of the demand charge of $ 1.261 /MW of
         Reserved Capacity per year.

2)       Monthly delivery: $ 105 /MW of Reserved Capacity per month.

3)       Weekly delivery: $ 24 /MW of Reserved Capacity per week.

4)       Daily delivery: $ 4 /MW of Reserved Capacity per day.

The total demand charge in any week, pursuant to a reservation for Daily
delivery, shall not exceed the rate specified in section (3) above times the
highest amount in kilowatts of Reserved Capacity in any day during such week.

5) Hourly delivery: $ 0.25 /MW. The total demand charge in any day, pursuant
to a reservation for Hourly delivery, shall not exceed the rate specified in
section (4) above times the highest amount in kilowatts of Reserved Capacity
in any hour during such day. In addition, the total demand charge in any
week, pursuant to a reservation for Hourly or Daily delivery, shall not
exceed the rate specified in section (3) above times the highest amount in
kilowatts of Reserved Capacity in any hour during such week.

6) Discounts: If the Transmission Provider offers an affiliate a rate
discount or attributes a discounted regulation and frequency rate to its own
transactions,

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the Transmission Provider must offer at the same time the same discounted
rate to all Eligible Customers on the same path and on all unconstrained
transmission paths. In addition, discounts to non-affiliates must be offered
in a not unduly discriminatory manner.

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                                   SCHEDULE 4

                            Energy Imbalance Service

         Energy Imbalance Service is provided when a difference occurs
between the scheduled and the actual delivery of energy to a load located
within a Control Area over a single hour. The Transmission Provider must
offer this service when the transmission service is used to serve load within
its Control Area. The Transmission Customer must either purchase this service
from the Transmission Provider or make alternative comparable arrangements to
satisfy its Energy Imbalance Service obligation. To the extent the Control
Area operator performs this service for the Transmission Provider, charges to
the Transmission Customer are to reflect only a pass-through of the costs
charged to the Transmission Provider by that Control Area operator.

         For a mismatch within a band of zero to plus one and one-half
percent (+1.5%) and zero to minus one and one-half percent (-1.5%) of
scheduled deliveries (with a minimum of 1 MW) there is no charge for Energy
Imbalance Service; however, the Customer shall be required to return the
mismatch in-kind on a scheduled basis during comparable loading conditions
and by the end of the billing period. If an energy imbalance is not corrected
by the end of the billing period, the Transmission Customer will be subject
to charges specified by the Transmission Provider.

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                    Sheet No.100

Energy imbalances outside a band of zero to plus one and one-half percent
(+1.5%) and zero to minus one and one-half percent (-1.5%) of scheduled
deliveries (with a minimum of 1 MW) will be subject to charges to be
specified by the Transmission Provider.

The charges for Energy Imbalance Service are set forth below.

         (1)      100 mills per kWh for energy deliveries from NewCorp to
                  Customer; or

         (2)      100 mills per kWh for energy deliveries from Customer to
                  NewCorp.

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                    Sheet No.101

                                   SCHEDULE 5

                  Operating Reserve - Spinning Reserve Service

         Spinning Reserve Service is needed to serve load immediately in the
         event of a system contingency. Spinning Reserve Service may be provided
         by generating units that are on-line and loaded at less than maximum
         output. The Transmission Provider must offer this service when the
         transmission service is used to serve load within its Control Area. The
         Transmission Customer must either purchase this service from the
         Transmission Provider or make alternative comparable arrangements to
         satisfy its Spinning Reserve Service obligation. The amount of and
         charges for Spinning Reserve Service shall be that agreed upon by the
         Parties at the time this service is reserved and in no event shall
         exceed those set forth below. To the extent the Control Area operator
         performs this service for the Transmission Provider, charges to the
         Transmission Customer are to reflect only a pass-through of the costs
         charged to the Transmission Provider by that Control Area operator.

Consistent with the charges assessed by the Control Area Operator, the charges
for Spinning Reserve Service are included in the charges for Regulation and
Frequency Response Service in Schedule 3.

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                    Sheet No.102

                                   SCHEDULE 6

                Operating Reserve - Supplemental Reserve Service

         Supplemental Reserve Service is needed to serve load in the event of a
system contingency; however, it is not available immediately to serve load but
rather within a short period of time. Supplemental Reserve Service may be
provided by generating units that are on-line but unloaded, by quick-start
generation or by interruptible load. The Transmission Provider must offer this
service when the transmission service is used to serve load within its Control
Area. The Transmission Customer must either purchase this service from the
Transmission Provider or make alternative comparable arrangements to satisfy its
Supplemental Reserve Service obligation. The amount of and charges for
Supplemental Reserve Service shall be that agreed upon by the Parties at the
time this service is reserved and in no event shall exceed those set forth
below. To the extent the Control Area operator performs this service for the
Transmission Provider, charges to the Transmission Customer are to reflect only
a passthrough of the costs charged to the Transmission Provider by that Control
Area operator.

         1)       Yearly delivery: one-twelfth of the demand charge of

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                    Sheet No.103

                  $1,241 /MW of Reserved Capacity per year.

         2)       Monthly delivery: $ 103 /MW of Reserved Capacity per month.

         3)       Weekly delivery: $ 24 /MW of Reserved Capacity per week.

         4)       Daily delivery: $ 4 /MW of Reserved Capacity per day.

The total demand charge in any week, pursuant to a reservation for Daily
delivery, shall not exceed the rate specified in section (3) above times the
highest amount in kilowatts of Reserved Capacity in any day during such week.

5) Hourly delivery: $ 0.25 /MW. The total demand charge in any day, pursuant to
a reservation for Hourly delivery, shall not exceed the rate specified in
section (4) above times the highest amount in kilowatts of Reserved Capacity in
any hour during such day. In addition, the total demand charge in any week,
pursuant to a reservation for Hourly or Daily delivery, shall not exceed the
rate specified in section (3) above times the highest amount in kilowatts of
Reserved Capacity in any hour during such week.

6) Discounts: If the Transmission Provider offers an affiliate a rate
discount or attributes a discounted Supplemental Reserve Service rate to its
own transactions, the Transmission Provider must offer at the same time the
same discounted rate to all Eligible Customers on the same path and on all
unconstrained transmission paths. In addition, discounts to non-affiliates
must be offered in a not unduly discriminatory manner.

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                    Sheet No.104

                                   SCHEDULE 7

                Long-Term Firm and Short-Term Firm Point-To-Point

                              Transmission Service

         The Transmission Customer shall compensate the Transmission Provider
each month for Firm Point-to-Point Transmission Service up to the sum of the
applicable charges set forth below. Service in the opposite direction of the
original schedule shall be considered a new and separate service under this
Tariff requiring payment of a separate charge.

1.       BASE CHARGE

         The Transmission Customer shall compensate the Transmission Provider
each month up to the higher of:

         (a)      Reserved Capacity Charges

                  The amount of and charges for Reserved Capacity shall be that
                  agreed upon by the Parties at the time this service is
                  reserved and in no event shall exceed those set forth below.

                  1) Yearly delivery: one-twelfth of the demand charge of $
                  17,064 /MW of Reserved Capacity per year.

                  2) Monthly delivery: $ 1,422 /MW of Reserved Capacity per
                  month.

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                    Sheet No.105

                  3) Weekly delivery: $ 328 /MW of Reserved Capacity per week.

                  4) Daily delivery: $ 55 /MW of Reserved Capacity per day.

                  The total demand charge in any week, pursuant to a reservation
                  for Daily delivery, shall not exceed the rate specified in
                  section (3) above times the highest amount in kilowatts of
                  Reserved Capacity in any day during such week.

                  5) Hourly delivery: $ 3.42/MWH. The total demand charge in any
                  day, pursuant to a reservation for Hourly delivery, shall not
                  exceed the rate specified in section (4) above times the
                  highest amount in kilowatts of Reserved Capacity in any hour
                  during such day. In addition, the total demand charge in any
                  week, pursuant to a reservation for Hourly or Daily delivery,
                  shall not exceed the rate specified in section (3) above times
                  the highest amount in kilowatts of Reserved Capacity in any
                  hour during such week.

                  6) Discounts: If the Transmission Provider offers an affiliate
                  a rate discount or attributes a discounted transmission rate
                  to its own transactions, the Transmission Provider must offer
                  at the same time the same discounted Firm Point-To-Point
                  Transmission Service rate to all Eligible Customers on the
                  same path and on all unconstrained transmission paths. In
                  addition, discounts to non-affiliates must be offered in a not
                  unduly discriminatory manner.

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                    Sheet No.106

         (b)      Network Upgrades

                  Transmission Customer shall compensate the Transmission
                  Provider an amount based on the incremental cost of any
                  Network Upgrades that would not have been needed but for the
                  Service requested by the Transmission Customer. Such
                  incremental cost charge shall be based upon the Transmission
                  Customer's appropriate share of the cost of such Network
                  Upgrades up to one hundred percent of such cost. If the
                  requested Firm Point-To-Point Service requires use of Network
                  Upgrades previously determined to have been necessary to
                  provide Transmission Service for another Transmission Customer
                  and if the costs of such Network Upgrades already are
                  reflected in the rate for Transmission Service paid by such
                  other Customer and are not reflected in the base rate for Firm
                  Transmission Service, the subsequent Transmission Customer
                  receiving Transmission Service shall pay a contribution to
                  cover a portion of the cost of such Network Upgrades. The
                  amount of the contribution shall be based on the subsequent
                  Transmission Customer's pro-rate use of the Network Upgrades,
                  as determined by FERC, and on the period of time over which
                  the use occurs. The rate of the Transmission Customer(s) for
                  whom the Network Upgrades originally were made shall be
                  reduced by an amount equivalent to the contribution(s) made by
                  other Transmission Customers pursuant to

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                    Sheet No.107

                  this section.

         (c)      Opportunity Costs

                  The calculation of opportunity costs will follow applicable
                  Commission policies and precedent. There are three primary
                  ways in which opportunity costs will arise: (1) redispatch;
                  (2) lost sales opportunity; and (3) lost purchase
                  opportunities.

                  (1)        Redispatch Costs

                             Opportunity costs associated with redispatching the
                             system to provide service under this Tariff shall
                             be calculated using production costing analysis to
                             determine whether the transmission has caused the
                             Transmission Provider to redispatch generating
                             resources. The Opportunity Costs shall be the
                             difference in the out-of-pocket costs the Company
                             would have incurred under economic dispatch and the
                             out-of-pocket costs incurred after implementing
                             redispatch procedures.

                  (2)        Lost Sales Opportunity Costs

                             The Opportunity Cost resulting from a lost sales
                             opportunity shall be determined by multiplying the
                             lost sales by the difference between the overall
                             rate the Transmission Provider was charging for the
                             lost sales and the marginal running cost associated
                             with such lost sales, as follows:

                                            OC = LS x (SP - MS)

                             Where:         OC:     Opportunity Cost

                                            LS:     Lost sales in kWh

                                            SP:     Average  rate per kWh
                                                    (including  demand and
                                                    energy  charges) that the
                                                    Transmission  Provider would
                                                    have otherwise  charged for
                                                    lost sales.

                                            MS:      Marginal running cost per
                                                     kWh associated with the
                                                     lost sales; for this
                                                     purpose "marginal running
                                                     cost" is defined as the
                                                     out-of-pocket cost
                                                     associated with generating
                                                     the power for the lost
                                                     sale, such cost to include
                                                     the cost of fuel and
                                                     variable operation and
                                                     maintenance expenses of
                                                     generating the next
                                                     increment of power.

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                    Sheet No.108

                  (3)        Lost Purchase Opportunity costs

                             The Opportunity Cost resulting from a lost purchase
                             opportunity shall be determined by multiplying the
                             lost purchases by the difference between the
                             Transmission Provider's marginal cost and the price
                             of such lost purchases, as follows:

                             OC = LP x (MP - PP)

                             Where:         OC:      Opportunity Cost

                                            LP:      Lost sales in kWh

                                            PP:      Average  rate per kWh
                                                     (including  demand and
                                                     energy  charges) that the
                                                     Transmission  Provider
                                                     would have otherwise
                                                     charged for lost sales.

                                            MP:      Marginal running cost per
                                                     kWh associated with the
                                                     lost sales: for this
                                                     purpose "marginal running
                                                     cost" is defined as the
                                                     out-of-pocket cost
                                                     associated with generating
                                                     the power for the lost
                                                     sale, such cost to include
                                                     the cost of fuel and
                                                     variable operation and
                                                     maintenance expenses of
                                                     generating the next
                                                     increment of power.

                  (4)        Verification

         The Opportunity Costs so calculated, and the data underlying the
         calculation of such costs, will be made available to the Customer for
         verification within 30 days of the incurrence of such costs. If access
         to any proprietary computer programs or data is required for the
         Customer to verify the stated Opportunity Costs, the Transmission
         Provider will provide access to such programs or data upon receipt of
         any necessary consents from the provider of the software and the
         Customer's signing of an appropriate confidentiality agreement. The
         Customer will have 90 days from receipt of the statement of Opportunity
         Costs and underlying cost data to challenge or seek adjustment to the
         Company's statement of Opportunity Costs.

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                    Sheet No.109

II       DIRECT ASSIGNMENT FACILITIES

         Any Direct Assignment Facilities charges will be set out in the Service
         Agreement between Customer and Transmission Provider which shall be
         filed with the FERC.

III.     LOCAL DISTRIBUTION COSTS

         Any Local Distribution charges will be set out in the Service Agreement
         between Customer and Transmission Provider which shall be filed with
         the FERC.

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                    Sheet No.110

                                   SCHEDULE 8

                  Non-Firm Point-To-Point Transmission Service

         The Transmission Customer shall compensate the Transmission Provider
each month for Non-Firm Point-To-Point Transmission Service up to the sum of the
applicable charges set forth below. Service in the opposite direction of the
original schedule shall be considered a new and separate service under this
Tariff requiring payment of a separate charge. Peak months shall be June through
August of each calendar year.

I. PEAK NON-FIRM SERVICE

         1) Yearly delivery: one-twelfth of the demand charge of $ 17,064 /MW of
            Reserved Capacity per year.

         2) Monthly delivery: $ 1,422 /MW of Reserved Capacity per month.

         3) Weekly delivery: $ 328 /MW of Reserved Capacity per week.

         4) Daily delivery: $ 55 /MW of Reserved Capacity per day.

                  The total demand charge in any week, pursuant to a reservation
         for Daily delivery, shall not exceed the rate specified in section (3)
         above times the highest amount in kilowatts of Reserved Capacity in any
         day during such week.

         5) Hourly delivery: $ 3.42/MWH. The total demand charge in any day,

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                    Sheet No.111

         pursuant to a reservation for Hourly delivery, shall not exceed the
         rate specified in section (4) above times the highest amount in
         kilowatts of Reserved Capacity in any hour during such day. In
         addition, the total demand charge in any week, pursuant to a
         reservation for Hourly or Daily delivery, shall not exceed the rate
         specified in section (3) above times the highest amount in kilowatts of
         Reserved Capacity in any hour during such week.

         6) Discounts: If the Transmission Provider offers an affiliate a rate
         discount or attributes a discounted transmission rate to its own
         transactions, the Transmission Provider must offer at the same time the
         same discounted Non-Firm Point-To-Point Transmission Service rate to
         all Eligible Customers on the same path and on all unconstrained
         transmission paths. In addition, discounts to non-affiliates must be
         offered in a not unduly discriminatory manner.

II. OFF-PEAK NON-FIRM SERVICE

         1) Yearly delivery: one-twelfth of the demand charge of $ 15,236 /MW of
         Reserved Capacity per year.

         2) Monthly delivery: $ 1,270/MW of Reserved Capacity per month.

         3) Weekly delivery: $ 293/MW of Reserved Capacity per week.

         4) Daily delivery: $ 49 /MW of Reserved Capacity per day.

         The total demand charge in any week, pursuant to a reservation for
         Daily delivery, shall not exceed the rate specified in section (3)
         above times the

<PAGE>

(NewCorp Resources Electric Cooperative, Inc.)   Open Access Transmission Tariff
                                                                    Sheet No.112

         highest amount in kilowatts of Reserved Capacity in any day during
         such week.

         5) Hourly delivery: $ 3.05/MW. The total demand charge in any day,
         pursuant to a reservation for Hourly delivery, shall not exceed the
         rate specified in section (4) above times the highest amount in
         kilowatts of Reserved Capacity in any hour during such day. In
         addition, the total demand charge in any week, pursuant to a
         reservation for Hourly or Daily delivery, shall not exceed the rate
         specified in section (3) above times the highest amount in kilowatts of
         Reserved Capacity in any hour during such week.

         6) Discounts: If the Transmission Provider offers an affiliate a rate
         discount or attributes a discounted transmission rate to its own
         transactions, the Transmission Provider must offer at the same time the
         same discounted Non-Firm Point-To-Point Transmission Service rate to
         all Eligible Customers on the same path and on all unconstrained
         transmission paths. In addition, discounts to non-affiliates must be
         offered in a not unduly discriminatory manner.<PAGE>

                                                                  Exhibit 10.58
================================================================================

                                SUPPLEMENT TO THE

                                RESTATED MORTGAGE

                                       AND

                               SECURITY AGREEMENT

                               Made By and Between

                       CAP ROCK ELECTRIC COOPERATIVE, INC.

                                                    Mortgagor

                                       and

                            NATIONAL RURAL UTILITIES
                         COOPERATIVE FINANCE CORPORATION

                                                     Mortgagee

                                   Dated as of
                                  MAY 17, 1990

THIS INSTRUMENT GRANTS A SECURITY INTEREST BY A UTILITY AND SECURES FUTURE
ADVANCES MADE BY THE MORTGAGEE TO THE MORTGAGOR AND FUTURE OBLIGATIONS OF THE
MORTGAGOR TO THE MORTGAGEE.

THIS INSTRUMENT CONTAINS AFTER-ACQUIRED PROPERTY PROVISIONS.

================================================================================

CFC Electric Mortgage for Non-REA Borrowers

CFC Form C49
5/90

<PAGE>

         SUPPLEMENT, dated as of MAY 17 ,1990, to the RESTATED MORTGAGE AND
SECURITY AGREEMENT made by and between CAP ROCK ELECTRIC COOPERATIVE, Inc.
(hereinafter called the "Mortgagor"), a corporation existing under the laws
of the State of TEXAS, and NATIONAL RURAL UTILITIES COOPERATIVE FINANCE
CORPORATION (hereinafter called "CFC" or "Mortgagee"), a corporation existing
under the laws of the District of Columbia.

         WHEREAS, the Mortgagor, for value received, has heretofore duly
authorized and executed, and has delivered to Mortgagee, or has assumed the
payment of, a certain mortgage note, or certain mortgage notes, all payable
to the order of Mortgagee, in installments of which the certain mortgage note
or notes (hereinafter collectively called the "Outstanding Note(s)")
identified in the Instruments Recital are now outstanding and owned by
Mortgagee; and

         WHEREAS, the Outstanding Notes are secured by the security
instrument(s) including this Supplement to the Restated Mortgage and Security
Agreement (hereinafter collectively called the "Mortgage") made by the
Mortgagor to the Mortgagee and identified in the Instrument Recital; and

         WHEREAS, the Mortgagor has determined to borrow additional funds
from Mortgagee and has accordingly duly authorized, executed and delivered to
Mortgagee its mortgage note or notes (identified in the Instruments Recital
and hereinafter collectively called the "Notes") to be secured by the
Mortgage, as amended and supplement hereby, of the property hereinafter
described; and

         WHEREAS, the instruments referred to in the preceding recitals and
the Maximum Debt Limit referred to in Appendix A of the Restated Mortgage and
Security Agreement, as amended hereby are identified as follows:

                               INSTRUMENTS RECITAL

<TABLE>
<S>                             <C>                           <C>
"Current CFC Note"              (Of even date herewith):
                                   Interest Rate
PRINCIPAL AMOUNT                    (PER ANNUM)               FINAL PAYMENT DATE

$1,612,903                      At the rate or rates set      March 22, 2025
                                forth in the loan agree-
                                ment dated as of even date
                                herewith between Mortgagee
                                and Mortgagor
</TABLE>

"Outstanding Note(s)"

FIFTEEN (15) certain mortgage Note(s) in an aggregate principal amount of
$46,158,594, all of which will finally mature on or before March 22, 2025

<PAGE>

"Mortgage":

<TABLE>
<CAPTION>
Instrument                                                    Date
----------                                                    ----
<S>                                                           <C>
1.       Supplemental Mortgage and Security Agreement         May 15, 1973
2.       Supplement to the Supplemental Mortgage and          March 18, 1982
         Security Agreement
3.       Restated Mortgage and Security Agreement             Sept. 21, 1988
</TABLE>

"Maximum Debt Limit", as amended hereby, shall be one hundred million dollars
($100,000,000).

         WHEREAS, Mortgagee is the owner of the Outstanding Note(s) and the
Mortgage; and

         WHEREAS, it was the intention of the Mortgagor at the time of the
execution of the Mortgage (or, if the Mortgage consists of more than one
instrument, at the time of the execution of the earliest instrument thereof)
that the property of the Mortgagor of the classes described therein, as being
mortgaged or pledged thereby, or intended so to be, whether then owned or
thereafter acquired, would secure certain notes of the Mortgagor executed and
delivered prior to the execution and delivery of the Mortgage (or, if the
Mortgage consists of more than one instrument, prior to the execution and
delivery of the earliest instrument thereof), and certain notes of the
Mortgagor when and as executed and delivered under and pursuant to the
Mortgage, as from time to time amended or supplemented, and it is intended by
the Mortgagor to confirm hereby the Mortgage and the property therein
described as being mortgaged or pledged, or intended so to be, as security
for the Outstanding Notes, and other notes of the Mortgagor when and as
executed and delivered under and pursuant to the Mortgage, as amended and
supplemented hereby; and

         WHEREAS, the Mortgage provides that the Mortgagor shall, upon the
written demand of the Mortgagee duly authorize, execute, and deliver and
record and file all such supplemental mortgages and conveyances as may
reasonably be requested by the Mortgagee to effectuate the intention of the
Mortgage and to provide for the conveying, mortgaging and pledging of the
property of the Mortgagor intended to be conveyed, mortgaged or pledged by
the Mortgage to secure the payment of the principal of and interest on notes
executed and delivered thereunder and pursuant thereto, or otherwise secured
thereby, and the Mortgagee has in writing requested the execution and
delivery of this Supplement (hereinafter called "this Supplemental Mortgage")
to the Mortgage pursuant to such provision; and

         WHEREAS, it is further intended by the Mortgagor, at the request and
with the consent of the Mortgagee, to amend the Mortgage in the respects
hereinafter set forth; and

<PAGE>

         WHEREAS, all acts, things, and conditions prescribed by law and by
the articles of incorporation and bylaws of the Mortgagor have been duly
performed and complied with to authorize the execution and delivery hereof
and to make the Mortgage, as amended and supplement hereby, a valid and
binding mortgage to secure the Outstanding Notes and other notes of the
Mortgagor when and as executed and delivered under and pursuant to the
Mortgage, as amended and supplemented hereby; and

         WHEREAS, the Mortgagee is authorized to enter into this Supplemental
Mortgage; and

         WHEREAS, to the extent that any of the property described or
referred to herein or in the Mortgage is governed by the provisions of the
Uniform Commercial Code of any state (hereinafter called the "Uniform
Commercial Code"), the parties hereto desire that this Supplemental Mortgage
and the Mortgage collectively be regarded as a "security agreement" under the
Uniform Commercial Code and that this Supplemental Mortgage be regarded as a
"financing statement" under the Uniform Commercial Code for said security
agreement.

         NOW, THEREFORE, in consideration of the premises and the sum of $5
in hand paid by the Mortgagee to the Mortgagor, the receipt whereof by the
Mortgagor prior to the execution and delivery of this Supplement to the
Restated Mortgage and Security Agreement is hereby acknowledged this
Supplement to the Restated Mortgage and Security Agreement witnesseth as
follows:

         1. The Mortgagor has executed and delivered this Supplemental
Mortgage and has granted, bargained, sold, conveyed, warranted, assigned,
transferred, mortgaged, pledged and set over, and by these presents does
hereby grant, bargain, sell, convey, warrant assign, transfer, mortgage,
pledge and set over, unto the Mortgagee and its respective assigns, all and
singular the real and personal property described in the Mortgage as being
mortgaged thereby and all and singular the real and personal property of the
Mortgagor falling within the classes of property embraced in the description
of the "Mortgaged Property" set forth in the Mortgage, including, without
limitation, all and singular the real and personal property of said
description heretofore or hereafter acquired by or constructed by or on
behalf of the Mortgagor, and wheresoever situate, including, without
limitation, the "Existing Electric Facilities" identified and the real estate
specifically described (by reference to deeds or otherwise) in the Mortgage
and mortgaged thereby (except such portions, if any, thereof as have been
released prior to the execution and delivery of this Supplemental Mortgage),
and including, without limitation, the property described, in Appendix A
attached hereto:

TOGETHER WITH all plants, works, structures, erections, reservoirs, dams,
buildings, fixtures and improvements now or hereafter located on any of the
properties conveyed by any and all of the aforesaid deeds mentioned above,
and all tenements, hereditament and appurtenances now or hereafter thereunto
belonging or in any wise appertaining.

<PAGE>

The description of each of the properties conveyed by and through the
provisions of the aforesaid deeds is by reference made a part hereof as
though fully set forth at length herein.

AND ALSO including, without limitation:

                                       I

All right, title and interest of the Mortgagor in and to all extensions and
improvements of the "Existing Electric Facilities", as provided above, and
additions thereto, including all substations, service and connecting lines (both
overhead and underground), poles, towers, posts, cross arms, wires, cables,
conduits, mains, pipes, tubes, transformers, insulators, meters, electrical
connections, lamps, fuses, junction boxes, fixtures, appliances, generators,
dynamos, water turbines, water wheels, boilers, steam turbines, motors,
switchboards, switch racks, pipelines, machinery, tools, supplies, switching and
other equipment, and any and all other property of every nature and description,
used or acquired for use by the Mortgagor in connection therewith;

                                       II

All right, title and interest of the Mortgagor in, to and under any and all
grants, privileges, rights of way and easements now owned, held, leased, enjoyed
or exercised, or which may hereafter be owned, held, leased, acquired, enjoyed
or exercised, by the Mortgagor for the purposes of, or in connection with, the
construction or operation by or on behalf of the Mortgagor of electric
transmission or distribution lines, or systems, whether underground or overhead
or otherwise, or of any electric generating plant, wherever located;

                                       III

All right, title and interest of the Mortgagor in, to and under any and all
licenses, franchises, ordinances, privileges and permits heretofore granted,
issued or executed, or which may hereafter be granted, issued or executed, to it
or to its assignors by the United States of America, or by any state, or by any
county, township, municipality, village or other political subdivision thereof,
or by any agency, board, commission or department of any of the foregoing,
authorizing the construction, acquisition, or operation of electric transmission
or distribution lines, or systems, or any electric generating plant or plants,
insofar as the same may by law be assigned, granted, bargained, sold, conveyed,
transferred, mortgaged, or pledged;

                                       IV

All right, title and interest of the Mortgagor in, to and under any and all
contracts heretofore or hereafter executed by and between the Mortgagor and any
person, firm, or corporation providing for the purchase, sale or exchange of
electric power or energy by the Mortgagor together with any and all other
accounts, contract rights and general intangibles (as such terms are defined in
the applicable Uniform Commercial Code) heretofore or hereafter acquired by the
Mortgagor;

<PAGE>

                                        V

Also, all right, title and interest of the Mortgagor in and to all other
property, real or personal, tangible or intangible, of every kind, nature and
description, and wheresoever situated, now owned or hereafter acquired by the
Mortgagor, it being the intention hereof that all such property now owned but
not specifically described herein or acquired or held by the Mortgagor after
the date hereof shall be as fully embraced within and subjected to the lien
hereof as if the same were now owned by the Mortgagor and were specifically
described herein to the extent only, however, that the subjection of such
property to the lien hereof shall not be contrary to law;

Together with all rents, income, revenues, profits and benefits at any time
derived, received or had from any and all of the above-described property of
the Mortgagor.

TO HAVE AND TO HOLD the same forever, for the uses and purposes and upon the
terms, conditions, provisos and agreements expressed and declared in the
Mortgage, as amended and supplemented hereby.

         2. The Outstanding Notes are hereby confirmed as notes of the
Mortgagor entitled to the security of the Mortgage, as amended and
supplemented by this Supplement to the Restated Mortgage and Security
Agreement, and of the property by the mortgage and this Supplement to the
Restated Mortgage and Security Agreement mortgaged and pledged, or intended
so to be, equally and ratably with one another and with other notes of the
Mortgagor when and as executed and delivered under and pursuant to the
Mortgage, as amended and supplemented hereby, without preference, priority or
distinction as to interest or principal (except as otherwise specifically
provided in the Mortgage, as amended and supplemented hereby) or as to lien
or otherwise, of any one of the Outstanding Notes or such other notes over
any other thereof and irrespective of the date of the execution, delivery or
maturity thereof, or of the assignment or negotiation thereof or otherwise.

         3. Additional notes executed and delivered pursuant to Section 3.01
of Article III of the Mortgage, as amended hereby, are hereby included within
the terms "Additional Notes" and "Notes", as defined in Mortgage, as amended
hereby. The current CFC Note and refunding, renewal and substituted notes
executed and delivered pursuant to said Section 3.01 of Article III are
hereby included within the term "notes", as defined in the Mortgage, as
amended hereby.

         4. The Mortgage is hereby amended by including therein, for purposes
of Appendix A of the Restated Mortgage and Security Agreement, the Maximum
Debt Limit provision contained in the Instruments Recital of this
Supplemental Mortgage.

         5. All demands, notices, reports, approvals, designations, or
directions required or permitted to be given under the Mortgage, as amended
hereby, shall be in writing and shall be deemed to be property given if
mailed by registered mail addressed to the proper party or parties at the
following addresses:

<PAGE>

         As to the Mortgagor:       Cap Rock Electric Cooperative, Inc.
                                    West Highway 80
                                    Post Office Box 700
                                    Stanton, Texas 79782-0700

         As to the Mortgagee:       National Rural Utilities Cooperative
                                    Finance Corporation (CFC)
                                    1115 30th Street, N.W.
                                    Washington, DC 20007

and as to any other person, firm, corporation or governmental body or agency
having an interest herein by reason of being the holder of any note or
otherwise, at the last address designated by such person, firm, corporation,
governmental body or agency to the Mortgagor and the Mortgagee. The Mortgagor or
the Mortgagee may from time to time designate to each other a new address to
which demands, notices, reports, approvals, designations or directions may be
addressed and from and after any such designation the address designated shall
be deemed to be the address of such party in lieu of the address hereinabove
given.

         6. To the extent that any of the property described or referred to
herein and in the Mortgage is governed by the provisions of the Uniform
Commercial Code, the Mortgage and this Supplement to the Restated Mortgage
and Security Agreement, collectively, are hereby deemed a "Security
Agreement" under the Uniform Commercial Code, and this Supplement to the
Restated Mortgage and Security Agreement is also-hereby declared to be a
"Financing Statement", under the Uniform Commercial Code for said security
agreement. The mailing address of the Mortgagor as debtor, and of the
Mortgagee as secured party, are as set forth in the Mortgage and in section 6
of the Supplemental Mortgage.

         7. All of the terms, provisions and covenants of the Mortgage,
except as expressly modified hereby, shall be and remain in full force and
effect.

         8. The invalidity of any one or more phrases, clauses, sentences,
paragraphs or provisions of this Supplement to the Restated Mortgage and
Security Agreement shall not affect the validity of the remaining portions
hereof.

         9. This Supplement to the Restated Mortgage and Security Agreement
may be simultaneously executed in any number of counterparts, and all of said
counterparts executed and delivered, each as an original, shall constitute
but one and the same instrument.

<PAGE>

         IN WITNESS WHEREOF, CAP ROCK ELECTRIC COOPERATIVE. INC., as
Mortgagor, has caused this Supplement to the Restated Mortgage and Security
Agreement to be signed in its name and its corporate seal to be hereunto
affixed and attested by its officers thereunto duly authorized, NATIONAL
RURAL UTILITIES COOPERATIVE FINANCE CORPORATION, as Mortgagee, has caused this
Supplement to the Restated Mortgage and Security Agreement to be signed in
its name and its corporate seal to be hereunto affixed and attested by its
officers thereunto duly authorized, all as of the day and year first above
written.

                                            CAP ROCK ELECTRIC COOPERATIVE, INC.

                                            by /s/ Russell E. Jones
                                              ---------------------------------
                                                              President
(Seal)
Attest   /s/ Alfred J. Schwartz
         -------------------------
                  Secretary

Signed, sealed and delivered this 17TH day of MAY , 1990 in the State of TEXAS
and County of MARTIN on behalf of CAP ROCK ELECTRIC COOPERATIVE, INC. , a
corporation, by its President and Secretary, in the presence of:

/s/ ILLEGIBLE
-----------------------------
          Witness

/s/ Nolan Simpson
-----------------------------

          Witness

/s/ ILLEGIBLE
----------------------------
Notary Public

(Notarial Seal)

My commission expires:

THE STATE OF TEXAS         X

COUNTY OF MARTIN           X

         THIS instrument was acknowledged before me on the 17Th day of MAY,
1990, by RUSSELL E. JONES, President of CAP ROCK ELECTRIC COOPERATIVE, INC.,
a Texas corporation, on behalf of said corporation.

                                                  /s/ ILLEGIBLE
                                                  -----------------------------
                                                  Notary Public, State of Texas

                                                  My Commission Expires 8/22/92
<PAGE>

         9.       One tract of land described in a deed dated May 7, 1975, by
                  Lawrence E. Schwertner, and his wife, ArIa Mae Schwertner, as
                  grantors, to Cap Rock Electric Cooperative, Inc. as grantee,
                  and recorded in the office of the County Clerk of Reagan
                  County, Texas, in Volume 59 on page 143.

         10.      One tract of land described in a deed dated April 17, 1978, by
                  Fred J. Hoelscher and wife, Ella Joy Hoelscher, as grantors to
                  Cap Rock Electric Cooperative, Inc. as grantee, and recorded
                  in the office of the County Clerk of Glasscock County, Texas,
                  in Volume 166, page 582.

         11.      One tract of land described in a deed dated May 8, 1978, by
                  Cecil Wilkerson, et. al., as grantors to Cap Rock Electric
                  Cooperative, Inc., as grantee, and recorded in the office of
                  the County Clerk of Glasscock County, Texas in Volume 167,
                  page 628.

         12.      One tract of land described in a deed dated May 9, 1978, by
                  Ray B. Barrett, Jr. and his wife, Patricia T. Barrett, as
                  grantors, to Cap Rock Electric Cooperative, Inc,. as grantee,
                  and recorded in the office of the County Clerk of Upton
                  County, Texas in Volume 452, page 30.

         13.      One tract of land described in a deed dated June 20, 1978, by
                  E.E. Crittenden and his wife, Lottie L. Crittenden, as
                  grantors, to Cap Rock Electric Cooperative, Inc., as grantee,a
                  nd recorded in the office of the County Clerk of Borden
                  County, Texas, Volume 156, page 469.

         14.      One tract of land described in a deed dated December 19, 1980,
                  by James D. Jones and his wife, Sharon Jones, as grantors, to
                  Cap Rock Electric Cooperative, Inc., as grantee, and recorded
                  in the office of the County Clerk of Martin County, Texas, in
                  Volume 202, page 694.

         15.      One tract of land described in a deed dated February 15, 1980,
                  by Ruth Edward Kiser, as grantor, to Cap Rock Electric
                  Cooperative, Inc., as grantee, and recorded in the office of
                  County Clerk of Martin County, Texas in Volume 192, page 764.

         16.      One tract of land described in a deed dated June 4, 1981, by
                  R.C. Stewart, as grantor, to Cap Rock Electric Cooperative,
                  Inc., as grantee, and recorded in the office of the County
                  Clerk of Martin County, Texas in Volume 208, page 727.

         17.      One tract of land described in a deed dated January 8, 1982,
                  by W.D. Stroud and his wife, Geraldine Stroud, as grantors, to
                  Cap Rock Electric Cooperative, Inc,, as grantee, and recorded
                  in the office of the County Clerk of Martin County, Texas, in
                  Volume 215, page 659.

<PAGE>

         18.      One tract of land described in a deed dated March 7, 1984, by
                  TriCity Beverages, as grantor, to Cap Rock Electric
                  Cooperative, Inc., as grantee, and recorded in the office of
                  the County Clerk of Martin County, Texas in Volume 238, page
                  396.

Together with all plants, works, structures, erections, reservoirs, dams,
buildings, fixtures and improvements now or hereafter located on any of the
properties conveyed by any and all aforesaid deeds mentioned above and all
tenements, hereditaments and appurtenances now or hereafter thereunto
belonging or in anywise appertaining.

The description of each of the properties conveyed by and through the
provisions of the aforesaid deeds is by reference made a part hereof as
though fully set forth at length therein.

<PAGE>

                                       NATIONAL RURAL UTILITIES COOPERATIVE
                                       FINANCE CORPORATION

                                       by /s/ ILLEGIBLE
                                         -----------------------------
                                         SYSTEMS DEVELOPMENT MANAGER
                                         For Governor

(Seal)

Attest:    /s/ ILLEGIBLE
           -------------------------
           Assistant Secretary

Signed, sealed and delivered  14th day of May, 1990 in the District of
Columbia, on behalf of National Rural Utilities Cooperative Finance
Corporation, a corporation, by its Governor and Assistant Secretary, in the
presence of:

/s/ Veronica Nelson
----------------------------------
            Witness

/s/ Sciessa K. Smallwood
----------------------------------
            Witness

/s/ Patricia Ruthharsh
----------------------------------
   Notary Public

(Notarial Seal)

My commission expires:
       7/14/93

<PAGE>

                                   APPENDIX A

                                PROPERTY SCHEDULE

(a)      The Existing Electric Facilities are located in the following counties:
         Andrews, Dawson, Borden, Ector, Midland, Martin, Howard, Upton,
         Glasscock, Reagan, Sterling, Tom Green and Irion, all in Texas.

(b)      The property referred to in the Granting Clause includes the following:

         1.       Two tracts of land described in a deed, dated April 12, 1972,
                  by Cap Rock Refrigeration Cooperative, Inc., as grantor, to
                  Cap Rock Electric Cooperative, Inc., as grantee, and recorded
                  in the office of the County Clerk of Martin County, Texas, in
                  Volume 143 on page 446.

         2.       One tract of land described in a deed, dated April 22, 1960,
                  by Cap Rock Refrigeration Cooperative, Inc., as grantor, to
                  Cap Rock Electric Cooperative, Inc., as grantee, and recorded
                  in the office of the County Clerk of Martin County, Texas, in
                  Volume 82 on page 73.

         3.       One tract of land described in a deed, dated June 5, 1956, by
                  City of Stanton, Texas, as grantor, to Cap Rock Electric
                  Cooperative, Inc., as grantee, and recorded in the office of
                  the County Clerk of Martin County, Texas in Volume 74 on page
                  169.

         4.       Two tracts of land described in a deed dated January 27, 1944,
                  by W.A. Kaderli, as grantor, to Cap Rock Electric Cooperative,
                  Inc., as grantee, and recorded in the office of the County
                  Clerk of Martin County, Texas in Volume 50 on page 94 and 95.

         5.       One tract of land described in a deed dated October 3, 1953,
                  by Inez W. Luce and Ova B. Webb, as grantors, to Cap Rock
                  Electric Cooperative, Inc., as grantee, and recorded in the
                  office of the County Clerk of Martin County, Texas, in volume
                  75 on page 399.

         6.       One tract of land described in a deed dated August l, 1974, by
                  City of Stanton, Texas, as grantor, to Cap Rock Electric
                  Cooperative, Inc., as grantee, and recorded in the office of
                  the County Clerk of Martin County, Texas in Volume 156 on page
                  453.

         7.       One tract of land described in a deed dated January 13, 1975,
                  by R.C. Stewart, and his wife, Hazel Stewart, as grantors, to
                  Cap Rock Electric Cooperative, Inc. as grantee, and recorded
                  in the office of the County Clerk of Martin County, Texas, in
                  Volume 159 on page 494.

         8.       One tract of land described in a deed dated March 24, 1975, by
                  Ervin A. Baumann, the wife, Norma L. Baumann, as grantors, to
                  Cap Rock Electric Cooperative, Inc., as grantee, and recorded
                  in the office of the County Clerk of Midland County, Texas, in
                  Volume 591 on page 689.

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