Document:

Exhibit

EXHIBIT 10.01-06

9/28/B1
APS Contract No. 2741-419.00

AMENDMENT NO. 6 TO THE
ARIZONA NUCLEAR POWER PROJECT
PARTICIPATION AGREEMENT

1.    PARTIES:
The Parties to this Amendment No. 6 (hereinafter referred to as the "Participants") are:  ARIZONA PUBLIC SERVICE COMPANY, a corporation organized and existing under and by virtue of the laws of the State of Arizona, hereinafter referred to as "Arizona", SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT, an agricultural improvement district organized and existing under and by virtue of the laws of the State of Arizona, hereinafter referred to as "Salt River Project", SOUTHERN CALIFORNIA EDISON COMPANY, a corporation organized and existing under and by virtue of the laws of the State of California, hereinafter referred to as "Edison", PUBLIC SERVICE COMPANY OF NEW MEXICO, a corporation organized and existing under and by virtue of the laws of the State of New Mexico, hereinafter referred to as "PNM" and EL PASO ELECTRIC COMPANY, a corporation organized and existing under and by virtue of the laws of the State of Texas, hereinafter referred to as "El Paso".
2.    EFFECTIVE DATE:  October 16, 1981
3.    RECITALS:

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	3.1
	Arizona, Salt River Project, Edison, PNM and El Paso are parties to a certain agreement entitled Arizona Nuclear Power Project Participation Agreement, dated as of August 23, 1973, as amended by Amendment No. 1, dated as of January 1, 1974, Amendment No. 2, dated as of August 28, 1975, Amendment No. 3, dated as of July 22, 1976, Amendment No. 4, dated as of December 15, 1977, and Amendment No. 5, dated as of December 5, 1979 (hereinafter as so amended "Participation Agreement").

		
	3.2
	The Participants desire to provide for an assured supply of Uranium Concentrates ad to allow each Participant which so chooses to provide all or a portion of its Generation Entitlement Share of Additional Uranium Concentrates.

		
	3.3
	The Participants recognize that the method for supply of Uranium Concentrates provided by Appendix K to the Participation Agreement will require changes in fuel accounting procedures in Appendix F to the Participation Agreement.

4.    AGREEMENT:
The Participants agree that the Participation Agreement be and is hereby amended as follows:
		
	4.1
	A new Section 3.1A shall be added to read as follows:

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"3.1A  Additional Uranium Concentrates:  The quantity of Uranium Concentrates required in any year for the operation of all Generating Units at their respective Target Capacities (except during scheduled outages) less the sum of (i) the quantities of Uranium Concentrates committed under the Agreement, dated March 14, 1979, between The Anaconda Company and Arizona Public Service Company acting for itself as a Participant and as agent for all other Participants, as it may be amended pursuant to the letter, dated July 30, 1981, from H. L. Storey to Russell D. Hulse, and all other contracts executed by the Operating Agent on behalf of all Participants pursuant to Section K.2.2.2 of Appendix K hereof and (ii) the quantities of Uranium Concentrates furnished by the Palo Verde Uranium Venture established by the Palo Verde Uranium Venture Agreement, dated as of January 7, 1977, as amended."
		
	4.2
	A new Section 3.21A shall be added to read as follows:

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"3.21A  Estimated Monthly Requirements:  The estimated monthly quantities of Uranium Concentrates required to be delivered to a conversion facility in any year in accordance with the operating schedules for all Generating Units and fuel management plan(s) in effect at the time that the estimate is made, including the schedule, by months, for delivery of such Uranium Concentrates to a conversion facility."
		
	4.3
	A new Section 3.52A shall be added to read as follows:

"3.52A  Short Term Requirements:  The summation at any time of the Estimated Monthly Requirements for each of the 36 months following the month in which the summation is made."
		
	4.4
	A new Section 3.55A shall be added to read as follows:

"3.55A  Uranium Concentrates:  Natural uranium conforming to specifications established by an operator of a domestic conversion facility designated by the Operating Agent for conversion without any surcharges."

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	4.5
	Section 6.2.7.2 shall be amended to read as follows:

"6.2.7.2  Any contract for nuclear steam supply systems, any Nuclear Fuel Agreement, and any contract with engineers or consultants related to the foregoing, but excluding any Nuclear Fuel Agreements for the supply of Uranium Concentrates to which all Participants are not parties."
		
	4.6
	Section 6.6 shall be amended to read as follows:

"6.6 Any action or determination of a committee must be unanimous except as otherwise provided in Section 35 or Appendix K hereof."
		
	4.7
	Section 7.3.1.2 shall be amended to read as follows:

"7.3.1.2  Contracts for nuclear steam supply systems, and any Nuclear Fuel Agreement, including any agreement for the fabrication of the initial supply of Fuel Assemblies, and the purchase of uranium and enrichment and conversion services necessary for such fabrication, including contracts with engineers or consultants related to the foregoing,

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But excluding any Nuclear Fuel Agreements for the supply of Uranium Concentrates to which all Participants are not parties."
		
	4.8
	Section 8.3.4 shall be amended to read as follows:

"8.3.4  Administer, perform and enforce any Nuclear Fuel Agreements executed by the Project Manager pursuant to Section 7.3.2 hereof or by the Operating Agent pursuant to Appendix K hereof and, subject to the provisions of Section 6.2.7 hereof, execute, administer, perform and enforce all other Nuclear Fuel Agreements."
		
	4.9
	A new Appendix K shall be added which will read as shown in Attachment A to this Amendment No. 6.

The Participation Agreement, as amended by this Amendment No. 6, shall remain in full force and effect.
		
	5.
	EXECUTION:  This Amendment No. 6 may be executed in any number of counterparts, and upon execution by all Participants, each executed counterpart shall have the same force and effect as an original instrument and as if all Participants had signed the same instrument.  Any signature page of this Amendment No. 6 may be detached from any counterpart of this Agreement without impairing the legal effect of any signatures thereon, 

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and may be attached to another counterpart of this Agreement identical in form hereto but having attached to it one or more signature pages.
WHEREFORE, the Participants have caused this Amendment No. 6 to be executed as of the Effective Date set forth above.
            
	
									
	 
	 
	 
	 
	 
	 
	ARIZONA PUBLIC SERVICE COMPANY

	ATTEST:
	 
	 
	 
	 
	 
	 
	 

	 
	Gerald J. Griffith
	 
	 
	By
	Russell D. Hulse
	 

	Its
	Assistant Secretary
	 
	 
	Its
	Vice President
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	SALT RIVER PROJECT AGRICULTURAL 

	 
	 
	 
	IMPROVEMENT AND POWER DISTRICT

	ATTEST AND COUNTERSIGN:
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	By
	 
	 

	Its
	 
	 
	 
	 
	Its
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	SOUTHERN CALIFORNIA EDISON COMPANY

	ATTEST:
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	By
	 
	 
	 

	Its
	 
	 
	 
	 
	Its
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

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and may be attached to another counterpart of this Agreement identical in form hereto but having attached to it one or more signature pages.
WHEREFORE, the Participants have caused this Amendment No. 6 to be executed as of the Effective Date set forth above.
            
	
									
	 
	 
	 
	 
	 
	 
	ARIZONA PUBLIC SERVICE COMPANY

	ATTEST:
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	By
	 
	 

	Its
	 
	 
	 
	Its
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	SALT RIVER PROJECT AGRICULTURAL 

	 
	 
	 
	IMPROVEMENT AND POWER DISTRICT

	ATTEST AND COUNTERSIGN:
	 
	 
	 
	 
	 

	 
	 
	 
	 
	By
	 
	 

	Its
	 
	 
	 
	 
	Its
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	SOUTHERN CALIFORNIA EDISON COMPANY

	ATTEST:
	 
	 
	 
	 
	 
	 
	 

	 
	[ILLEGIBLE]
	 
	 
	By
	[ILLEGIBLE]
	 

	Its
	[ILLEGIBLE]
	 
	 
	Its
	Vice President
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

    

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and may be attached to another counterpart of this Agreement identical in form hereto but having attached to it one or more signature pages.
WHEREFORE, the Participants have caused this Amendment No. 6 to be executed as of the Effective Date set forth above.

	
									
	 
	 
	 
	 
	 
	 
	ARIZONA PUBLIC SERVICE COMPANY

	ATTEST:
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	By
	 
	 

	Its
	 
	 
	 
	Its
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	SALT RIVER PROJECT AGRICULTURAL 

	 
	 
	 
	IMPROVEMENT AND POWER DISTRICT

	ATTEST AND COUNTERSIGN:
	 
	 
	 
	 
	 

	 
	Paul D. Rice
	 
	 
	By
	Karl F. Abel
	 

	Its
	Secretary
	 
	 
	Its
	President
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	SOUTHERN CALIFORNIA EDISON COMPANY

	ATTEST:
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	By
	 
	 

	Its
	 
	 
	 
	Its
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

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	PUBLIC SERVICE COMPANY OF NEW MEXICO

	ATTEST:
	 
	 
	 
	 
	 
	 
	 

	 
	D. E. Peckham
	 
	 
	By
	C. D. Bedford
	 

	Its
	Secretary
	 
	 
	Its
	Senior Vice President
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	EL PASO ELECTRIC COMPANY

	ATTEST:
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	By
	 
	 

	Its
	 
	 
	 
	Its
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

-8-

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	PUBLIC SERVICE COMPANY OF NEW MEXICO

	ATTEST:
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	By
	 
	 

	Its
	 
	 
	 
	Its
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	EL PASO ELECTRIC COMPANY

	ATTEST:
	 
	 
	 
	 
	 
	 
	 

	 
	Theta S. Fields
	 
	 
	By
	R. E. York
	 

	Its
	Secretary
	 
	 
	Its
	Senior Vice President
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 

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	STATE OF ARIZONA
	)
	 
	 
	 

	 
	)
	ss.
	 
	 

	County of Maricopa
	)
	 
	 
	 

On this  26th  day of   October  , 1981, before me, the undersigned Notary Public, personally appeared __________ Russell D. Hulse and Gerald J. Griffin who acknowledged themselves to be the  Vice President  and  Asst. Secretary  of ARIZONA PUBLIC SERVICE COMPANY, an Arizona corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such Russell D. Hulse and Gerald J. Griffin.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

Emily    
Notary Public

My commission expires:

My Commission Expires April 4, 1982    

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	STATE OF ARIZONA
	)
	 
	 
	 

	 
	)
	ss.
	 
	 

	County of Maricopa
	)
	 
	 
	 

On this  21st  day of   October  , 1981, before me, the undersigned Notary Public, personally appeared __________    Karl F. Abel    and    Paul D. Rice    who acknowledged themselves to be the   President   and    Secretary    of SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT, an Arizona agricultural improvement district, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such    President    and    Secretary   .

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

	
					
	 
	 
	[ILLEGIBLE]
	 

	 
	 
	Notary Public
	 

	 
	 
	 
	 
	 

	My commission expires:
	 
	[SEAL]
	 

	 
	 
	 
	 
	 

	My Commission Expires May 3, 1983
	 
	 
	 
	 

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	STATE OF CALIFORNIA
	)
	 
	 
	 

	 
	)
	ss.
	 
	 

	County of Los Angeles
	)
	 
	 
	 

On this  21st  day of   October  , 1981, before me, the undersigned Notary Public, personally appeared __________ R. D. Gorman  and G. J. Bjorklund who acknowledged themselves to be the  Asst. Secretary  and  Vice President  of SOUTHERN CALIFORNIA EDISON COMPANY, a California corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such   R. D. Gorman    and    G. J. Bjorklund  .

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

	
					
	 
	 
	Agnes Crabtree
	 

	[SEAL]
	 
	Notary Public
	 

My commission expires:

August 27, 1982    

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	STATE OF NEW MEXICO
	)
	 
	 
	 

	 
	)
	ss.
	 
	 

	County of Bernalillo
	)
	 
	 
	 

On this  21st  day of   October  , 1981, before me, the undersigned Notary Public, personally appeared __________  C. D. Bedford   and   D. E. Peckham   who acknowledged themselves to be the Sector Vice President and Secretary of PUBLIC SERVICE COMPANY OF NEW MEXICO, a New Mexico corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such  Sector Vice Pres.  and   Secretary  .

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

	
					
	 
	 
	Meredith Thompson
	 

	 
	 
	Notary Public
	 

	 
	 
	 
	 
	 

	My commission expires:
	[SEAL]
	 

	 
	 
	 
	 
	 

	August 5, 1984
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

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	STATE OF TEXAS
	)
	 
	 
	 

	 
	)
	ss.
	 
	 

	County of El Paso
	)
	 
	 
	 

	 
	 
	 
	 
	 

On this  22nd  day of   October  , 1981, before me, the undersigned Notary Public, personally appeared __________     R. E. York    and   Theta S. Fields   who acknowledged themselves to be the Senior Vice President and Secretary of EL PASO ELECTRIC COMPANY, a Texas corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such Sr. Vice President and Secretary.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

Cecelia R. Shea    
Notary Public

My commission expires:

July 3, 1985    

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ATTACHMENT A TO AMENDMENT NO. 6    10/8/81

APPENDIX K
URANIUM CONCENTRATES ACQUISITION PROGRAM
		
	K.1
	Purpose:  This Appendix K sets forth the responsibilities and authority of the Operating Agent and each of the Participants to arrange for an adequate supply of Uranium Concentrates when needed to permit the timely fabrication of Fuel Assemblies required for operation of the Generating Units.  It is intended that the arrangements for securing such supply of Uranium Concentrates shall provide the maximum flexibility for each Participant, should it elect to do so, to obtain and furnish to the Operating Agent all or part of its Generation Entitlement Share of the requisite Additional Uranium Concentrates from such sources and on such terms and conditions as such Participant in its own discretion and circumstances deems prudent.  At the same time, it is intended to grant to the Operating Agent the requisite responsibility and authority to act for and on behalf of each Participant with its consent as provided herein to assure that the Short Term Requirements and delivery schedules of Uranium Concentrates are satisfied and the operation of any of the Generating Units is not curtailed or jeopardized due to a failure in the timely supply of Uranium Concentrates.  

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	K.2
	Responsibilities and Authorities of the Operating

Agent.
K.2.1    On or before November 30 of each year, and at such other times as the Operating Agent deems appropriate, the Operating Agent shall provide to the Participants a Uranium Concentrates report which shall include:
K.2.1.1    The amount of Uranium Concentrates received and to be received during the current year.
K.2.1.2    The current status of the Uranium Concentrates inventory.
K.2.1.3    An analysis of the Short Term Requirements for Uranium Concentrates, including the designation of the conversion facility(ies) to which Uranium Concentrates are to be delivered and the required schedules by months for the deliveries.  
K.2.1.4    A forecast of the annual requirements for Uranium Concentrates during each of the subsequent fourth through thirteenth years consistent with current inventory, conversion and enrichment contracts schedule commitments.
K.2.1.5    A summary of all current commitments or undertakings made by the Operating Agent 

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and each other Participant for the supply of Uranium Concentrates for the periods covered by Sections K.2.1.3 and K.2.1.4 hereof, including without limitation data and evaluations relevant to the security of supply for each such commitment or undertaking.
K.2.1.6    The projected prices or costs of Uranium Concentrates to be delivered under each current commitment or undertaking.
K.2.1.7    The evaluation of the Operating Agent, together with any current evaluation from any consultants, respecting the availability of Uranium Concentrates in the future and projected market prices therefor.
K.2.1.8    Such other information as the Operating Agent deems relevant or, to the extent available, as may be requested by any Participant.
K.2.2    The Operating Agent has the responsibility to insure that the Uranium Concentrates necessary for the operation of all of the Generating Units are available when required.  In order to meet this responsibility, the Operating Agent shall make all reasonable efforts to maintain an assured source(s) of supply sufficient to 

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meet current Short Term Requirements for Uranium Concentrates in accordance with a delivery schedule of Uranium Concentrates established pursuant to the procedures in Section 6.3.2.7 of the Participation Agreement.
K.2.2.1    In the event the Operating Agent determines at any time that the then existing commitments made on behalf of all Participants for the supply of Uranium Concentrates are not sufficient for any reason to provide an assured source of supply of such commitments' share of Uranium Concentrates required to meet the then current Short Term Requirements, written notice shall be provided to the Participants outlining the deficiency.  Any Participant, within 45 days of the receipt of such notice, may elect to supply all or part of its Generation Entitlement Share of such deficiency by giving written notice of its election to the Operating Agent; provided that if the Operating Agent elects to supply all or any part of the Operating Agent's Generation Entitlement Share of such deficiency from a source other than an offer or proposal accepted by it pursuant to 

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Sections K.2.3 to K.2.9 hereof, inclusive, then each other Participant shall have the right to elect to supply all or any part of its Generation Entitlement Share of such deficiency from such source in proportion to its Generation Entitlement Share to the total Generation Entitlement Share of all the Participants who elect to utilize such source.
K.2.2.2    The Operating Agent is authorized ad directed to solicit, negotiate and execute, on behalf of all Participants who have not elected to supply all of their respective shares of the deficiency noticed in Section K.2.2.1 hereof, such contracts for the purchase of Uranium Concentrates as may be required to make up the balance of such deficiency in the assured source of supply required to meet Short Term Requirements, including such additional quantities Uranium Concentrates to be delivered during or subsequent to the period covered by the Short Term Requirements if the Operating Agent determines that it is necessary to purchase such additional quantitites in order to obtain Uranium Concentrates 

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to make up any such deficiency.
K.2.2.3    Notwithstanding Section 6.2.7.2 of the Participation Agreement, the authority and direction granted ad given to the Operating Agent under Section K.2.2.2 hereof shall constitute the sole authorization and direction required to obligate all of the Participants on behalf of which the Operating Agent is acting, and no further authorization or approval of any such contract by the Administrative Committee shall be required except that, if any Participant has any direct or indirect interest in the Uranium Concentrates to be purchased under any such contract, unanimous approval of the purchase by the Administrative Committee will be required.  A copy of any such contract upon its execution by the Operating Agent shall be promptly furnished to each Participant.
K.2.3    In addition to the efforts which the Operating Agent is obligated to make pursuant to Section K.2.2 hereof to maintain an assured source(s) of supply to meet current Short Term Requirements, the Operating Agent shall also make reasonable efforts to solicit and negotiate viable 

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offers and proposals for the supply of Uranium Concentrates during all or part of the period covered by Section K. 2.1.4 hereof for and on behalf of any Participant who shall not have elected pursuant to Section K.3.2 hereof to furnish all of its Generation Entitlement Share of Uranium Concentrates as may be required during said period.  The Operating Agent shall from time to time notify all Participants of such offers or proposals as it may receive which it deems are viable alternatives for the supply of Uranium Concentrates to ANPP which have not been accepted or executed in compliance with Section K.2.2 hereof, including without limitation offers or proposals of any of the following categories:
K.2.3.1    Offers for immediate spot purchases of a fixed quantity of Uranium Concentrates.
K.2.3.2    Offers for deliveries of specified quantities of Uranium Concentrates over ay period of time.
K.2.3.3    Proposals providing for rights to purchase Uranium Concentrates from any developed or undeveloped sources which would require advance funding.
K.2.3.4    Proposals for the acquisition of an ownership 

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interest by participation in a joint venture or otherwise in mined or unmined uranium reserves.
With respect to each such offer or proposal, the Operating Agent shall provide the other Participants with its evaluation thereof, its recommendations, if any, and a statement of its intent as a Participant to reject or to accept and participate with other Participants in such offer or proposal.
K.2.4    Within the earlier of 45 days after the Operating Agent's notification of any offer or proposal similar in nature to the categories described in Section K.2.3 hereof or seven days prior to the expiration date, if any, of such offer or proposal, each Participant shall advise the Operating Agent of the Participant's (i) rejection of the offer or proposal, (ii) acceptance of the offer or proposal and the extent of its intended participation therein with any other Participants, or (iii) with respect to any proposal similar in nature to the categories described in Section K.2.3.3 or K.2.3.4 hereof its desire that the Operating Agent proceed with further specific negotiations, studies or analyses.  A failure by any Participant to 

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so advise the Operating Agent within the time specified shall be deemed a rejection by such Participant of the offer or proposal submitted.
K.2.5    Upon receipt of the advice from all Participants with respect to any offer or proposal similar in nature to the categories described in Section K.2.3 hereof, the Operating Agent shall take such action as may be appropriate to comply therewith, provided that in no event shall any Participant be bound by any contract resulting therefrom without its written consent.
K.2.6    In the event any two or more Participants shall decide to accept and participate in any offer or proposal similar in nature to the categories described in Section K.2.3 hereof, their respective shares therein shall be as they may agree or, in the absence of such agreement, equal to the ratio of their respective Generation Entitlement Shares to the sum of the Generation Entitlement Shares of all Participants accepting and participating in such offer or proposal.
K.2.7    If the Operating Agent accepts and participates in any offer or proposal similar in nature to the categories described in Section K.2.3 hereof, it shall negotiate and execute a contract 

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in connection therewith for and on behalf of all other Participants that may accept and participate therein.  In the event the Operating Agent shall not accept and participate in any such offer or proposal which is accepted by one or more other Participants, then the Operating Agent shall, as directed by the accepting Participant(s), either finalize and execute a contract on behalf of such accepting Participant(s) or turn the matter over to such accepting Participant(s) for such action as it (they) may elect.
K.2.8    In the event one or more Participants desires to pursue further studies and analyses of any proposal ("sharing-Participants") similar in nature to the categories described in Section K.2.3.3 or K.2.3.4 hereof, then the costs of any such studies or anlyses shall be shared by the sharing-Participants in the proportion of their respective Generation Entitlement Shares to the total of the Generation Entitlement Share of all sharing-Participants unless all such sharing-Participants shall otherwise agree. If the Operating Agent is not a sharing Participant, then the sharing Participants shall designate a Participant to interact and negotiate 

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with the originator of the proposal on behalf of all sharing-Participants.  Any sharing Participant may, upon completion of such studies or analyses, accept such proposal, with such modifications as may have been negotiated with the originator of the proposal, provided that unless the sharing-Participants shall otherwise agree, (i) such sharing-Participant shall have promptly given written notice of its acceptance of such proposal or modified proposal and the terms thereof and (ii) for a period of 45 days after receipt of such written notice each other sharing-Participant shall have the option to participate in the accepted proposal or modified proposal in any amount not greater than the ratio of its share in the costs of such studies and analyses to the total shares of all sharing-Participants who shall have accepted or shall have exercised their respective options to participate in such accepted proposal or modified proposal, which option shall be exercised by delivery within such 45-day period of written notice of its exercise to all other sharing-Participants.
K.2.9    In the event (i) any Participant shall have rejected one or more of such offers or proposals 

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and shall not have committed to furnish its Generation Entitlement Share of the Uranium Concentrates pursuant to Section K.3.2 hereof and (ii) one year prior to a date that Uranium Concentrates are required to be delivered pursuant to procedures in Section 6.3.2.7 of the Participation Agreement the Operating Agent determines that the quantity of Uranium Concentrates to be delivered on such date for an on behalf of such Participant from any and all sources is less than such Participant's Generation Entitlement Share of the total quantity of Uranium Concentrates required to be delivered on such date, then the Operating Agent is authorized to and shall, after giving written notice 10 days in advance to such Participant, purchase on behalf of such Participant that quantity of Uranium Concentrates required to provide such Participant's full Generation Entitlement Share of such total quantity required to be delivered on such date (hereinafter "insufficient Uranium Concentrates") on any terms and conditions as may be available or required to obtain delivery of the insufficient-Uranium Concentrates on such date.  Additionally, any such Participant shall be obligated to reimburse 

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each other Participant for its fixed charges on its investment in any Uranium Concentrates inventory used to provide substitute Uranium Concentrates and penalty costs, if any, and such Participant's right to schedule Power and associated Energy shall be subject to restriction to the same extent and manner provided in Section K.3.7 hereof with respect to those Participants who shall have committed to provide Additional Uranium Concentrates.  For purposes of this Appendix K, "penalties" shall include without limitation any charges imposed under any Nuclear Fuel Agreement for conversion, enrichment and fabrication of Nuclear Fuel arising from a failure to deliver Nuclear Fuel as required thereunder and any other costs incurred to implement the then current fuel management plan.
		
	K.3
	Responsibilities and Authorities of the Participants.

K.3.1    Each Participant shall advance Operating Funds to the Operating Account in the manner specified in Appendix F to the Participation Agreement (i) for its Generation Entitlement Share of all payments due under the agreement with The Anaconda Company identified in Section 3.1A added by Amendment No. 6 of the Participation 

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Agreement, (ii) for its proportionate share of all payments due under each contract to purchase Uranium Concentrates executed by the Operating Agent pursuant to Section K.2.2 hereof and (iii) its proportionate share of all payments made under each contract for Uranium Concentrates executed and administered by the Operating Agent under Section K.2.7 hereof.
K.3.2    Each Participant shall have the right to furnish all or part of its Generation Entitlement Share of Additional Uranium Concentrates upon the terms set forth in this Section K.3.  The acceptance and participation of any Participant in an offer similar in nature to the categories described in Sections K.2.3.1 and K.2.3.2 hereof shall constitute an exercise by such Participant of such right.  In addition, any Participant may exercise such right at any time by giving to the Operating Agent its written commitment to furnish all or a stated portion of its share of the Additional Uranium Concentrates required for operation of the Generating Units in any year or years from any source as such Participant may elect, including without limitation any proposal similar in nature to the categories described in Sections K.2.3.3 and K.2.3.4 hereof 

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which such Participant has accepted in whole or in part.
K.3.3    If the quantities or delivery dates of Uranium Concentrates change due to fuel management decisions of the Operating Agent, operating circumstances or changes in government policies or practices governing enrichment services or the recycle of Recovered Materials as defined in Appendix F to the Participation Agreement, then each Participant who shall have exercised its rights to furnish all or any portion of its share of Additional Uranium Concentrates shall be responsible for supplying its share of any resulting increase in the requirements of Additional Uranium Concentrates or for inventorying and storing its share of any resulting decrease in such requirements not delivered to a conversion facility for the account of ANPP.  In the event the responsibilities of any Participant under this Section K.3.3 arise in connection with a contract executed by the Operating Agent pursuant to Section K.2.7 hereof, the Operating Agent shall make on behalf of such Participant such arrangements as may be required to enable such Participant to meet such responsibilities.
K.3.4    On or before March 1 of each year, each Participant

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shall provide the Operating Agent with information regarding the manner by which such Participant intends to provide all or any portion of its share of the Additional Uranium Concentrates for delivery to a conversion facility during such year and any of the subsequent three years.  On or before September 30 of each year, each Participant shall also provide to the Operating Agent a summary of all of its commitments to provide Additional Uranium Concentrates, schedules or the delivery thereof, and other information as may be requested by the Operating Agent.
K.3.5    In the event that any Participant, which has committed to supply Additional Uranium Concentrates, shall consider in its discretion that its ability to deliver such concentrates on the schedules established by the Operating Agent pursuant to Section K.2.1.3 hereof may be in jeopardy, such Participant's shall promptly notify the Operating Agent of the nature and basis of such Participant's concerns and of any remedial actions under consideration.
K.3.6    In the event that, one year prior to a scheduled delivery date of Uranium Concentrates, the Operating Agent reasonably concludes that any 

K-16

10/8/81

Participant's ability to provide Uranium Concentrates as committed pursuant to Section K.2.2.1 or K.3.2 hereof is in doubt, and the failure of such Participant to provide such Uranium Concentrates on the delivery schedule established pursuant to the procedures in Section 6.3.2.7 of the Participation Agreement (i) could cause a reduction in the inventory of Uranium Concentrates or (ii) could lead to the breach of or the incurrence of any penalties under any Nuclear Fuel Agreement providing for the conversion, enrichment or fabrication of Nuclear Fuel, then the Operating Agent is authorized to and shall, after giving written notice 10 days in advance to such Participant, purchase on behalf of such Participant that quantity of Uranium Concentrates required to replace the Uranium Concentrates as to which delivery is in doubt on such terms as may be required to obtain delivery of substitute Uranium Concentrates in accordance with such schedule or at the earliest possible time thereafter, and such Participant shall be obligated to pay all costs incurred by the Operating Agent to obtain the substitute Uranium Concentrates.  In the event such Participant 

K-17

10/8/81

(deficient-Participant) and the Operating Agent are unable to obtain delivery of the substitute Uranium Concentrates on or before the scheduled date, the Operating Agent is authorized to utilize the Uranium Concentrates inventory as a source of the substitute Uranium Concentrates if required to implement the then current fuel management plan; provided that the deficient Participant shall reimburse each other Participant for its fixed charges on its investment in the Uranium Concentrates inventory used to provide the substitute Uranium Concentrates.  If the inventory of Uranium Concentrates is insufficient to provide all of the substitute Uranium Concentrates and as a result any penalties are incurred, the deficient Participant shall be obligated to pay all such penalties.  In the event the obligations of one or more Participants under this Section K.3.6 arise as a result of a failure in the delivery of Uranium Concentrates under any contract executed by the Operating Agent pursuant to Section K.2.7 hereof, then such obligations shall be shared by the Participants who are participating in such contract in proportion to their respective obligations to pay for Uranium Concentrates 

K-18

10/8/81

delivered thereunder.
K.3.7    In the event (i) any Participant shall have failed for any reason to delivery its entire share of the Uranium Concentrates required for the subsequent operation of any Generating Unit at its Target Capacity and (ii) the Operating Agent shall have been unable to obtain Uranium Concentrates to make up such Participant's deficiency, and as a result thereof the Maximum Generating Capability of such unit is reduced during any Refueling Cycle, as defined in Appendix F to the Participation Agreement, in which the deficient amount of Uranium Concentrates would have been utilized in such unit's Reactor, then such Participant's right to schedule Power and associated Energy from such unit during each such Refueling Cycle shall be subject to reduction in amount or restricted in time in proportion to such deficiency or such lesser amount as the representatives on the Engineering and Operating Committee, excluding the representative of such Participant, shall determine  In the event one or more Participants shall become subject to a reduction(s) in its (their) right to schedule Power and associated Energy pursuant to this Section K.3.7 as 

K-19

10/8/81

a result of the failure in the delivery of Uranium Concentrates under any contract executed by the Operating Agent pursuant to Section K.2.7 hereof, then any such reduction shall be shared by such Participant(s) in proportion to their respective obligations to pay for Uranium Concentrates delivered under such contract.
K.3.8    Notwithstanding the provisions of Section 30 of the Participation Agreement, the provisions of this Section K.3 shall be fully applicable and enforceable against any Participant who shall fail to deliver the quantities of Uranium Concentrates which it has committed to deliver pursuant to this Section K.3 because of any uncontrollable force, foreseeable or unforeseeable, adversely affecting such Participant or any of its agents, contractors or suppliers.
		
	K.4
	Existing Properties of the Operating Agent's Subsidiary.

Malapai Resources Company (Malapai), a wholly owned subsidiary of the Operating Agent, as of October 16,      1981     , has an ownership interest in certain properties, consisting of fee leases, state leases and mining claims, referred to as Christensen Ranch, located in Townships 44 and 45 North, Ranges 75, 76, 

K-20

10/8/81

and 77 West, Johnson and Campbell Counties, Wyoming, and Peterson Property, located in Townships 33 and 34 North, Ranges 72 and 73 West, Converse County, Wyoming.  Such properties may become viable alternatives for a supply of Uranium Concentrates to ANPP and Malapai may offer its interest in the properties, or Uranium Concentrates from the properties, to the Operating Agent who shall then transmit such offer to the Participants pursuant to Section K.2.3 hereof.  The principles by which such offer may be made are as follows:
K.4.1    If Uranium Concentrates are being mined, Uranium Concentrates shall be offered at a price that is the same for all Participants, including the Operating Agent.
K.4.2    If Uranium Concentrates have not been mined, a proposal for a joint ownership interest shall be offered.  The price for such a proposal shall be on the same basis for all Participants, including the Operating Agent, and mutually agreed upon by those Participants, including the Operating Agent, who ultimately accept the proposal.

K-21Exhibit

Exhibit 10.01-07

4/2/82

AMENDMENT NO. 7 TO THE
ARIZONA NUCLEAR POWER PROJECT
PARTICIPATION AGREEMENT
		
	1.
	PARTIES:

The Parties to this Amendment No. 7 (hereinafter re­ferred to as the "Participants") are: ARIZONA PUBLIC SERVICE COMPANY, a corporation organized and existing under and by virtue of the laws of the State of Ari­zona, hereinafter referred to as "Arizona," SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT, an agricultural improvement district organized and ex­isting under and by virtue of the laws of the State of Arizona, hereinafter referred to as "Salt River Proj­ect," SOUTHERN CALIFORNIA EDISON COMPANY a corpora­tion organized and existing under and by virtue of the laws of the State of California, hereinafter referred to as "Edison," PUBLIC SERVICE COMPANY OF NEW MEXICO, a corporation organized and existing under and by virtue of the laws of the State of New Mexico, herein­ after referred to as "PNM" and EL PASO ELECTRIC COM­ PANY, a corporation organized and existing under and by virtue of the laws of the State of Texas, herein­ after referred to as "El Paso."
		
	2.
	EFFECTIVE DATE: April l, 1982

		
	3.
	RECITALS:

3.1    Arizona, Salt River Project, Edison, PNM and El

3/4/82

Paso are parties to a certain agreement entitled Arizona Nuclear Power Project Participation Agreement, dated as of August 23, 1973, as amended by Amendment No. 1, dated as of January 1, 1974, Amendment No. 2, dated as of August 28, 1975, Amendment No. 3, dated as of July 22, 1976, Amendment No. 4, dated as of December 15, 1977, Amendment No. 5, dated as of December 5, 1979, and Amendment No. 6, dated as of October 16, 1981 (hereinafter as so amended "Participation Agree­ment").
		
	3.2
	The Participants desire to amend Appendix F to the Participation Agreement and to make certain conforming amendments to the Participation Agree­ment required thereby.

4.    AGREEMENT:
The Participants agree that the Participation Agree­ment be and is hereby amended as follows:
		
	4.1
	Section 3.26 shall be amended to read as follows:

"3.26 FUEL FINANCER: Each and every person, corporation, partnership, joint venture, bank, trust company or other entity of any nature who under a Nuclear Fuel financing arrangement with any Participant shall either pay or assume the obligation to pay on behalf of such Participant its share of

-2-

3/4/82

any Nuclear Fuel Expenditure or Project Uran­ium Costs or shall reimburse such Participant for all or any portion of any such expenditures or who shall take and hold legal title to or any beneficial interest in, as trustee or otherwise, such Participant's undivided ownership in any Nuclear Fuel."
		
	4.2
	Section 3.46 shall be amended to read as follows: 

"3.46  Project Agreements: This Participa­tion Agreement, any Construction Agreement, any Nuclear Fuel Agreement, but excluding any Nuclear Fuel Agreements for the supply of Uranium Concentrates to which all Partic­ipants are not parties, and any agreements between the Participants or any of them and any third party for land, land rights or water rights for ANPP, as such agreements are originally executed or as they may thereafter be supplemented or amended and any other agreements as the Participants agree to designate as Project Agreements."
		
	4.3
	Section 13.1 shall be amended to read as follows: 

"13.l The Participants shall use their best efforts to have any taxing or other authority levying any taxes or assessments, or payments in lieu thereof, or making any valuations

-3-

3/4/82

for the purpose of levying any taxes or as­sessments or payments in lieu thereof, on ANPP, or any interest or rights therein, as­sess and levy such taxes or assessments or payments in lieu thereof directly against the ownership or beneficial interest of each Participant or its Fuel Financer, if any."
		
	4.4
	Section 15.4 shall be amended to read as follows: 

"15.4 Unless otherwise determined by the Administrative Committee, all Nuclear Fuel to be used in or removed from any Generating Unit of ANPP or recovered after reprocessing for reuse in any such Generating Unit or for sale to others shall be jointly-owned by the Participants in accordance with their respective Generation Entitlement Shares, subject to Section F.1.3.1 of Appendix F at­tached hereto, provided that any Participant may at any time finance (through a Fuel Fi­nancer) its undivided interest in any dis­crete portion or portions of such Nuclear Fuel in the manner provided in Section F.1.4 of Appendix F attached hereto, subject to the conditions set forth therein and to the further conditions that in each instance (a) any such Fuel Financer (i) shall waive all

-4-

3/4/82

right to partitionment of such discrete portion or portions of Nuclear Fuel, (ii) shall not obtain any rights not possessed by such Participant with respect to the operation or scheduling of any Generating Unit or the re­moval of Nuclear Fuel therefrom and (iii) shall not become a Participant in ANPP un­less or until it succeeds to all of such Participant's right, title and interest in ANPP, and agrees to assume and be fully ob­ligated to perform and discharge all of such Participant' s obligations hereunder and under any other Project Agreement, and (b) such Participant shall indemnify all other Participants against any costs or expenses incurred by them because of such Partici­pant's financing of its undivided interest in such discrete portion or portions of the Nuclear Fuel."
		
	4.5
	Section 23.5.4 shall be amended to read as fol­lows:

"23.5.4  During the period that such suspen­sion is in effect, no Fuel Expense Credits nor net credit adjustments to the Assigned Fuel Expense to which the defaulting Partic­ipant would in the absence of such suspen-

-5-

3/4/82

sion have been entitled, pursuant to Appen­dix F attached hereto, shall become due and payable to the defaulting Participant and the non-defaulting Participants may apply all or any portion of any such Fuel Expense Credits and of any such net credit adjustments as offsets to the costs and expenses incurred by them and arising from or in con­nection with such default."
		
	4.6
	Section 32.1 shall be amended to read as follows: 

"32.1  All of the respective covenants and obligations of each of the Participants set forth and contained in the Project Agreements shall bind and shall be and become the respective covenants and obligations of:
32.l.l    Each such Participant;
32.l.2    All mortgagees, trustees and secured parties under all present and future mortgages, indentures and deeds of trust, and security agreements which are or may become a lien upon any of the interests of such Participant in ANPP; provided, however, that such cov­enants and obligations shall become binding upon such parties only at the time of taking possession;

-6-

3/4/82

32.1.3  All receivers, assignees for the benefit of creditors, bankruptcy trustees and referees of such Participant;
32.1.4  All other persons, firms, partnerships or corporations claiming through or under any of the foregoing; and
32.l.5  Any successors or assigns of any of those mentioned in Sections 32.1.l through 32.l.4 hereof, and shall be covenants and obligations running with such Participant's respective rights, titles and interests in ANPP and in, to and under the Project Agreements, and shall be for the benefit of the respective rights, titles and interests of the Participants and their respective successors and assigns, in and to ANPP.  It is the specific intention of this provision that all such covenants and obligations shall be binding upon any party which acquires any of the rights, titles and interests of any such Participant in ANPP or in, to and under the Project Agreements and that all of the above‐described persons and groups shall be

-7-

3/4/82

obligated to use such Participant's rights, titles and interests in ANPP and/or in, to or under the Project Agreements for the purpose of discharging its covenants and obli­gations under the Project Agreements; except (i) that in the case of a partial assignment the assignee shall only be required to share in the cost of fulfilling the covenants and obligations of the assigning Participant in, to and under the Project Agreements to an extent proportionate or attributable to such assignment and (ii) the rights and obliga­tions of any Fuel Financer of any Partici­pant shall be governed by the provisions of Section 15.4 hereof."
		
	4.7
	Appendix F shall be amended which will read as shown in Attachment A to this Amendment No. 7.

Except as otherwise provided, the Participation Agree­ment, as amended by this Amendment No. 7, shall remain in full force and effect.
		
	5.
	EXECUTION:

This Amendment No. 7 may be executed in any number of counterparts, and upon execution by all Participants, each executed counterpart shall have the same force and effect as an original instrument and as if all Participants had signed the same instrument. Any sig-

-8-

3/4/82

nature page of this Amendment No. 7 may be detached from any counterpart of this Agreement without im­pairing the legal effect of any signatures thereon, and may be attached to another counterpart of this Agreement identical in form hereto but having attached to it one or more signature pages.
WHEREFORE, the Participants have caused this Amendment No. 7 to be executed as of the Effective Date set forth above.

            
	
					
	 
	 
	 
	 
	ARIZONA PUBLIC SERVICE COMPANY

	 
	 
	 
	 
	 

	ATTEST:
	 
	 
	 

	 
	 
	 
	BY
	/s/ Russell D. Hulse

	Its
	WM. T. Quinsler, Secretary
	 
	Its
	Vice President

	 
	 
	 
	 
	 

	 
	 
	 
	SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT

	ATTEST AND COUNTERSIGN:
	 
	 
	 

	 
	 
	 
	BY
	 

	Its
	 
	 
	Its
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	SOUTHERN CALIFORNIA EDISON COMPANY

	ATTEST:
	 
	 
	 

	 
	 
	 
	BY
	 

	Its
	 
	 
	Its
	 

-9-

3/4/82

nature page of this Amendment No. 7 may be detached from any counterpart of this Agreement without im­pairing the legal effect of any signatures thereon, and may be attached to another counterpart of this Agreement identical in form hereto but having attached to it one or more signature pages.
WHEREFORE, the Participants have caused this Amendment No. 7 to be executed as of the Effective Date set forth above.

	
					
	 
	 
	 
	 
	ARIZONA PUBLIC SERVICE COMPANY

	 
	 
	 
	 
	 

	ATTEST:
	 
	 
	 

	 
	 
	 
	BY
	 

	Its
	 
	 
	Its
	 

	 
	 
	 
	 
	 

	 
	 
	 
	SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT

	ATTEST AND COUNTERSIGN:
	 
	 
	 

	 
	Paul D. Rice
	 
	BY
	/s/ Karl F. Abel

	Its
	Secretary
	 
	Its
	President

	 
	 
	 
	 
	 

	 
	 
	 
	 
	SOUTHERN CALIFORNIA EDISON COMPANY

	ATTEST:
	 
	 
	 

	 
	 
	 
	BY
	 

	Its
	 
	 
	Its
	 

-9-

3/4/82

nature page of this Amendment No. 7 may be detached from any counterpart of this Agreement without impairing the legal effect of any signatures thereon, and may be attached to another counterpart of this Agreement identical in form hereto but having attached to it one or more signature pages.
WHEREFORE, the Participants have caused this Amendment No. 7 to be executed as of the Effective Date set forth above.

	
					
	 
	 
	 
	 
	ARIZONA PUBLIC SERVICE COMPANY

	 
	 
	 
	 
	 

	ATTEST:
	 
	 
	 

	 
	 
	 
	BY
	 

	Its
	 
	 
	Its
	 

	 
	 
	 
	 
	 

	 
	 
	 
	SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT

	ATTEST AND COUNTERSIGN:
	 
	 
	 

	 
	 
	 
	BY
	 

	Its
	 
	 
	Its
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	SOUTHERN CALIFORNIA EDISON COMPANY

	ATTEST:
	 
	 
	 

	 
	/s/ [ILLEGIBLE]
	 
	BY
	/s/ G. J. Bjorklund

	Its
	Assistant Secretary
	 
	Its
	Vice President

-9-

3/4/82

	
					
	 
	 
	 
	 
	PUBLIC SERVICE COMPANY OF NEW MEXICO

	 
	 
	 
	 
	 

	ATTEST:
	 
	 
	 

	 
	/s/ B. P. Lopez
	 
	BY
	/s/ C. D. Bedford

	Its
	Assistant Secretary
	 
	Its
	Senior Vice President

	 
	 
	 
	 
	 

	 
	 
	 
	EL PASO ELECTRIC COMPANY

	ATTEST:
	 
	 
	 

	 
	 
	 
	BY
	 

	Its
	 
	 
	Its
	 

	
					
	STATE OF ARIZONA
	)
	 
	 
	 

	 
	)
	ss.
	 
	 

	County of Maricopa
	)
	 
	 
	 

On this ______ day of __________________, 1982, before me, the undersigned Notary Public, personally appeared _________________________ and __________________ ______________ who acknowledged themselves to be the _____ __________________________ and ________________________ of ARIZONA PUBLIC SERVICE COMPANY, an Arizona corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such _________________ and________________________.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

	
					
	 
	 
	 
	 
	 

	 
	 
	 
	Notary Public

	My commission expires:
	 
	 
	 

	 
	 
	 
	 
	 

-10-

3/4/82

	
					
	 
	 
	 
	 
	PUBLIC SERVICE COMPANY OF NEW MEXICO

	 
	 
	 
	 
	 

	ATTEST:
	 
	 
	 

	 
	 
	 
	BY
	 

	Its
	 
	 
	Its
	 

	 
	 
	 
	 
	 

	 
	 
	 
	EL PASO ELECTRIC COMPANY

	ATTEST:
	 
	 
	 

	 
	/s/ Theta S. Fields
	 
	BY
	/s/ R. E. York

	Its
	Secretary
	 
	Its
	Senior Vice President

	
					
	STATE OF ARIZONA
	)
	 
	 
	 

	 
	)
	ss.
	 
	 

	County of Maricopa
	)
	 
	 
	 

On this ______ day of __________________, 1982, before me, the undersigned Notary Public, personally appeared _________________________ and __________________ ______________ who acknowledged themselves to be the _____ __________________________ and ________________________ of ARIZONA PUBLIC SERVICE COMPANY, an Arizona corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such _________________ and________________________.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

	
					
	 
	 
	 
	 
	 

	 
	 
	 
	Notary Public

	My commission expires:
	 
	 
	 

	 
	 
	 
	 
	 

    

-10-

3/4/82

	
					
	 
	 
	 
	 
	PUBLIC SERVICE COMPANY OF NEW MEXICO

	 
	 
	 
	 
	 

	ATTEST:
	 
	 
	 

	 
	 
	 
	BY
	 

	Its
	 
	 
	Its
	 

	 
	 
	 
	 
	 

	 
	 
	 
	EL PASO ELECTRIC COMPANY

	ATTEST:
	 
	 
	 

	 
	 
	 
	BY
	 

	Its
	 
	 
	Its
	 

	
					
	STATE OF ARIZONA
	)
	 
	 
	 

	 
	)
	ss.
	 
	 

	County of Maricopa
	)
	 
	 
	 

On this _4th_____ day of __May___________, 1982, before me, the undersigned Notary Public, personally appeared __Russell D. Hulse___________ and _WM. T. Quinsler__ ______________ who acknowledged themselves to be the _____ _____Vice President_______ and _____Secretary____________ of ARIZONA PUBLIC SERVICE COMPANY, an Arizona corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such __Vice President__ and___Secretary___.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

	
					
	 
	 
	 
	/s/ [ILLEGIBLE]

	 
	 
	 
	Notary Public

	My commission expires:
	 
	 
	 

	July 2, 1984
	 
	 
	[Notary Seal]

-10-

3/4/82

	
					
	STATE OF ARIZONA
	)
	 
	 
	 

	 
	)
	ss.
	 
	 

	County of Maricopa
	)
	 
	 
	 

On this __13th__ day of __April__________, 1982, before me, the undersigned Notary Public, personally appeared _______Karl F. Abel___________ and ________________ ___Paul D. Rice______ who acknowledged themselves to be the _______President_________ and _______Secretary____________ of SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT, an Arizona agricultural improvement district, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such __President__ and___Secretary___.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.
	
					
	 
	 
	 
	/s/ Don. E. Smith

	 
	 
	 
	Notary Public

	My commission expires:
	 
	 
	 

	My Commission Expires May 3, 1983
	 
	[Notary Seal]

	
					
	STATE OF CALIFORNIA
	)
	 
	 
	 

	 
	)
	ss.
	 
	 

	County of Los Angeles
	)
	 
	 
	 

On this ______ day of ______________________, 1982, before me, the undersigned Notary Public, personally appeared _________________________ and __________________ ______________ who acknowledged themselves to be the _____ __________________________ and ________________________ of SOUTHERN CALIFORNIA EDISON COMPANY, a California corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such ______________ and____________________.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

	
					
	 
	 
	 
	 

	 
	 
	 
	Notary Public

	My commission expires:
	 
	 
	 

	 
	 
	 
	 

-11-

3/4/82

	
					
	STATE OF ARIZONA
	)
	 
	 
	 

	 
	)
	ss.
	 
	 

	County of Maricopa
	)
	 
	 
	 

On this ______ day of __________________, 1982, before me, the undersigned Notary Public, personally appeared _________________________ and __________________ ______________ who acknowledged themselves to be the _____ ____________________________ and __________________________ of SALT RIVER PROJECT AGRICULTURAL IMPROVEMENT AND POWER DISTRICT, an Arizona agricultural improvement district, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such _________________ and________________________.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.
	
					
	 
	 
	 
	 

	 
	 
	 
	Notary Public

	My commission expires:
	 
	 
	 

	 
	 
	 
	 

	
					
	STATE OF CALIFORNIA
	)
	 
	 
	 

	 
	)
	ss.
	 
	 

	County of Los Angeles
	)
	 
	 
	 

On this __13th____ day of _____April________, 1982, before me, the undersigned Notary Public, personally appeared _____G. J. Bjorklund________ and _[ILLEGIBLE]____ ___________________ who acknowledged themselves to be the ______Vice President_______ and _______Assist. Secretary_____ of SOUTHERN CALIFORNIA EDISON COMPANY, a California corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such _Vice President_ and ____Assist. Secretary____.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.
	
					
	 
	 
	 
	/s/ Vera M. Manley

	 
	 
	 
	Notary Public

	My commission expires:
	 
	 
	 

	July 11, 1983
	 
	[Notary Seal]

-11-

3/4/82

	
					
	STATE OF NEW MEXICO
	)
	 
	 
	 

	 
	)
	ss.
	 
	 

	County of Bernalillo
	)
	 
	 
	 

On this     26th     day of      April   , 1982, before me, the undersigned Notary Public, personally ap- peared ________________C. D. Bedford__________ and _______ _____B. P. Lopez____ who acknowledged themselves to be the ___Senior Vice President____ and ___Assistant Secretary___ of PUBLIC SERVICE COMPANY OF NEW MEXICO, a New Mexico corpo- ration, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such _Senior Vice President_ and  Assistant Secretary .

IN WITNESS WHEREOF, I hereunto set my hand and official seal.
	
					
	 
	 
	 
	/s/ Wilma L. Rock

	 
	 
	 
	Notary Public

	My commission expires:
	 
	 
	 

	My Commission Expires March 4, 1983
	 
	 
	 

[Notary Seal]

	
					
	STATE OF TEXAS
	)
	 
	 
	 

	 
	)
	ss.
	 
	 

	County of El Paso
	)
	 
	 
	 

On this ______ day of __________________, 1982, before me, the undersigned Notary Public, personally appeared _________________________ and __________________ ______________ who acknowledged themselves to be the _____ ______________________ and ____________________ of EL PASO ELECTRIC COMPANY, an Texas corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of the company by themselves as such ___ _________________ and________________________.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.

	
					
	 
	 
	 
	 

	 
	 
	 
	Notary Public

	My commission expires:
	 
	 
	 

	 
	 
	 
	 

-12-

3/4/82

	
					
	STATE OF NEW MEXICO
	)
	 
	 
	 

	 
	)
	ss.
	 
	 

	County of Bernalillo
	)
	 
	 
	 

On this _____ day of __________, 1982, before me, the undersigned Notary Public, personally appeared ______________________________________ and _______ _____________________ who acknowledged themselves to be the ____________________________ and _________________________ of PUBLIC SERVICE COMPANY OF NEW MEXICO, a New Mexico corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of company by themselves as such ___________________ and ______________ ____.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.
	
					
	 
	 
	 
	 

	 
	 
	 
	Notary Public

	My commission expires:
	 
	 
	 

	 
	 
	 
	 

	
					
	STATE OF TEXAS
	)
	 
	 
	 

	 
	)
	ss.
	 
	 

	County of El Paso
	)
	 
	 
	 

On this ____ day of __________, 1982, before me, the undersigned Notary Public, personally appeared ______________________________________ and _______ _________________ who acknowledged themselves to be the _____ ______________________ and ______________________ of EL PASO ELECTRIC COMPANY, a Texas corporation, and that they as such officers, being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing the name of company by themselves as such _______ ___________________ and ______________ ____.

IN WITNESS WHEREOF, I hereunto set my hand and official seal.
	
					
	 
	 
	 
	 

	 
	 
	 
	Notary Public

	My commission expires:
	 
	 
	 

	 
	 
	 
	 

-12-

Attachment A to Amendment No. 7    3/4/82

APPENDIX F
INVESTMENTS IN AND ACCOUNTING FOR NUCLEAR FUEL
		
	F.1
	General Principles. The principles set forth in this Section F .1 shall govern (i) the responsibilities of the Operating Agent, (ii) the responsibilities of the Administrative Committee and the Engi­neering and Operating Committee, (iii) the rights and obligations of the Participants and (iv) the financing of Nuclear Fuel investments by the Participants. Such principles recognize that (a) in­vestments in Nuclear Fuel will be made considerably in advance of its use, (b) some elements affecting Fuel Expense may not be known until several years after the related Nuclear Fuel is used, (c) the FERC Accounts impose certain requirements respecting Nuclear Fuel cost accounting, (d) the responsi­bilities for furnishing Uranium Concentrates are governed by Appendix K to the Participation Agree­ment, and (e) in the event any Participant (non-­scheduling-Participant) fails to fully schedule its Generation Entitlement Share of the Available Generating Capability of any Generating Unit and one or more other Participants (scheduling-Participant(s)) have fully scheduled its (or their) Generation En­titlement Share (s) of such capability, then the scheduling-Participant (s) will in certain circum-

F-1

4/2/82

stances be utilizing the portion of the Nuclear Fuel owned by the non-scheduling Participant. If the event described in (e) above should occur (except in cases where the failure to fully schedule results in underutilization of the Nuclear Fuel), then this Ap­pendix F provides that the scheduling-Participant(s) shall reimburse the non-scheduling Participant for its share of the direct costs of the Nuclear Fuel used by scheduling-Participant(s). Such reimbursements shall exclude the non-scheduling Participant's indirect costs, including carrying charges on its investment in such Nuclear Fuel. The Participants agree that this treatment is warranted because, among other reasons, during the foreseeable future the occurrence of the event is considered to be re­mote, the duration short and the risk equal for all Participants. Additionally, each Participant has the right under Section 5.2 of the Participation Agreement to schedule Generation up to its Genera­tion Entitlement Share subject to the provisions of Appendix K. Under the circumstances described in (e) above, the additional accounting and auditing complexities which would be required to provide for reimbursement of indirect costs, including carrying charges, are not justified. Such principles and their application as hereinafter set forth are subject to

F-2

4/2/82

such changes as the Administrative Committee may from time to time determine.
		
	F.1.1
	Responsibilities of the Operating Agent.

		
	F.1.1.1
	Subject to Sections 7.3 and 8.3 of the Participation Agreement and Ap­pendix K thereto, the Operating Agent shall make and be responsible for all arrangements for the supply and disposal of Nuclear Fuel and the development and implementa­tion of Nuclear Fuel management plans. In the event of any dispute among the Participants respecting any matter affecting the supply, disposal or management of Nuclear Fuel or in the event the Administrative Committee or Engineering and Operating Com­mittee is unable or fails to approve, modify or otherwise act in a timely manner on any Nuclear Fuel Agreement or Nuclear Fuel management plan pursuant to Sections 6.2.7 and 6.3.2 of the Participation Agreement, the Operating Agent is authorized and obligated, pending the resolution of such dispute or action by the Admin-

F-3

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istrative Committee or the Engineering and Operating Committee, to take such action, including without limitation, the execution and performance of any Nuclear Fuel Agreement, as it may in its discretion determine to be necessary to assure an adequate supply or appropriate disposition of Nuclear Fuel for the operation of each Generating Unit at its Maximum Generating Capability.
		
	F.1.1.2
	In the event any materials are re­covered from the reprocessing of any irradiated Nuclear Fuel discharged from a Reactor and are suitable for recycling or sale, such recovered materials shall be recycled in one or more of the Generating Units unless the Engineering and Operating Commit­tee shall otherwise determine. If the Engineering and Operating Committee determines that such recovered materials should not be recycled, such recovered materials shall be disposed of by the Operating Agent subject to section 6.2.7 of the Par-

F-4

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ticipation Agreement.
		
	F.1.1.3
	The Operating Agent shall provide to the Participants (i) those forecasts, determinations, estimates and reports as may be required to comply with Sections F.3 and F.4 hereof and (ii ) any other information requested by a Participant which is necessary to fulfill its reporting requirements. 

		
	F.1.1.4
	The Operating Agent shall collect and record such data and take such other action as the Operating Agent shall determine to be necessary to furnish the forecasts, determinations, esti­mates, reports and information as required by Section F.1.1.3 hereof.

		
	F.1.1.5
	In the event with respect to any Fuel Assembly any changes are made in any factor which affects the determina­tion of the Adjusted Assigned Fuel Expense or any Fuel Expense Credits or Debits associated with such as­sembly, the Operating Agent shall make adjustments as may be appro­priate to reflect such changes in the manner provided by Section F.4.4

F-5

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hereof. Such adjustments made by the Operating Agent with respect to any Fuel Assembly shall be final and subject to correction only as may be re­quired by subsequent audit; provided that no such audit may require a change in the Operating Agent's esti­mate of Net Salvage Values made at the time of discharge of such as­sembly in accordance with criteria approved by the Engineering and Op­erating Committee.
		
	F.1.1.6
	The Operating Agent shall determine and account for investments in Nuclear Fuel, Assigned Fuel Expenses and Adjusted Assigned Fuel Expenses, and Net Salvage Values on a Fuel As­sembly basis and shall keep such rec­ords and follow such procedures as may be required to determine as ac­curately as is reasonably feasible the thermal output from each Fuel Assembly inserted into a Reactor.

		
	F.l.2
	Responsibilities of the Administrative Committee and the Engineering and Operating Committee.

F-6

4/2/82

		
	F.1.2.1
	The Administrative Committee is au­thorized, in addition to those au­thorities and responsibilities dele­gated to it pursuant to Sections 6.2.2, 6.2.7, 6.9 and 15.4 of the Participation Agreement, to make (i) any change in the principles set forth in this section F.1 as may be proposed by the Operating Agent or any other Participant and the manner of implementation of any such prin­ciple as provided in this Appendix F and (ii) findings pursuant to Sec­tion F.1.4.2 hereof with respect to any fuel financing arrangement entered into or proposed to be entered into by any Participant.

		
	F.1.2.2
	The Engineering and Operating Commit­tee, in addition to those authorities and responsibilities delegated to it pursuant to Section 6.3 of the Par­ticipation Agreement, is authorized to (i) approve, modify or otherwise act on criteria recommended by the Operating Agent for estimating Net Salvage Values, (ii) determine from 

F-7

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time to time whether reprocessing of Fuel Assemblies is feasible, (iii) approve changes in the Estimated Thermal Output or Net Salvage Value of one or more Fuel Assembly (ies) at times other than as provided in this Appendix F and (iv) make determinations that materials recovered from reprocessing any Fuel Assembly should or should not be recycled in one or more of the Generating Units.
		
	F.1.3
	Participants' Rights and Obligations.

		
	F.1.3.1
	The Participants shall own undivided interests equal to their respective Generation Entitlement Shares (i) in all Nuclear Fuel in any form used or held for use for any Generating Unit, including Nuclear Fuel in storage, in process of conversion and in fabrication and materials recovered by reprocessing, but excluding any Addi­tional Uranium Concentrates prior to delivery to a conversion facility by any Participant pursuant to Appen­dix K to the Participation Agreement, and (ii ) in any monetary balance in

F-8

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any joint account of the Participants maintained under any Nuclear Fuel Agreement unless otherwise determined by the Administrative Committee.
		
	F.1.3.2
	The Participants shall share in ac­cordance with their respective Gen­eration Entitlement Shares (i) all costs to obtain and transport Nuclear Fuel to the Nuclear Plant Site in a form ready for use in a Reactor other than costs incurred by the Partici­pants to obtain and deliver Uranium Concentrates to a conversion facility pursuant to Appendix K to the Partic­ipation Agreement, (ii) Fuel Handling Expenses, (iii) Fuel Management Ex­penses, (iv) all costs incurred in connection with the shipment, storage, disposal or reprocessing of irradiated Nuclear Fuel and (v) the value of any materials recovered from reprocessing, but excluding from the costs described in (i) through (v) above any Participant's costs for in­terest on advanced funds, rental, carrying or use charges and, except as provided in Section 13.3 of the

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Participation Agreement, any ad valorem taxes or payments in lieu thereof.
		
	F.1.3.3
	Each Participant shall pay its share of all Nuclear Fuel Expenditures in advance pursuant to Section F.3 hereof.

		
	F.1.3.4
	The Participants' respective invest­ments in Nuclear Fuel, including the Project Uranium Costs, less the related Net Salvage Values, shall be amortized during those periods when the Nuclear Fuel is in a Reactor on the basis of the thermal energy pro­duced in such periods to start up the Reactor and to generate Energy.

		
	F.1.3.5
	The amortization charges referred to in Section F.1.3 .4 hereof shall be considered Fuel Expense which shall be shared by the Participants in ac­cordance with the ratio of the Nu­clear Fuel's thermal output used by them, respectively, to the total thermal output from the Nuclear Fuel.

		
	F.1.3.6
	To the extent that the thermal output of any Fuel Assembly used by any Par-

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ticipant exceeds that Participant's Generation Entitlement Share of the total thermal output of such assem­bly, such Participant shall compen­sate the other Participants, subject to Section F.1.3.7 hereof, for the use of such excess thermal output. Such compensation shall be determined upon removal from a Reactor of such assembly for reprocessing or disposal or at other times as the Audit Com­mittee shall establish. Such compen­sation shall be made by payment of the Assigned Fuel Expense Debits therefor to the Operating Agent who shall reimburse said other Partici­pants as appropriate from such pay­ments received for their respective Nuclear Fuel Expenditures and Project Uranium Costs.
		
	F.l.3.7
	In the event the then current Esti­mated Thermal Output of any Fuel Assembly is not fully utilized prior to its discharge from a Reactor due to the failure of one or more Participants to schedule operation of

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the associated Generating Unit up to its or their Generation Entitlement Share or Shares, then such Participant or Participants shall be entitled to compensation, but only in the event that the total thermal output actually utilized plus the additional thermal output which would have been utilized if such Participant or Participants had scheduled operation of such Generating Unit up to its or their respective Generation Entitlement Share or Shares exceeds the Estimated Thermal Output.
		
	F.1.3.8
	For the purpose of determining with respect to one or more Fuel Assemblies the amount of the Fuel Expense to be charged prior to the discharge of such Fuel Assembly(ies) from a Reactor for reprocessing or disposal, estimates of thermal output and salvage values shall be used. Such es­timates shall be subject to change from time to time up to 30 days after such discharge or at such other times as the Engineering and Operat-

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ing Committee shall direct.
		
	F.1.4
	Participant Financing of Nuclear Fuel.

		
	F.1.4.l
	Any Participant may, subject to Sec­tion F.1.4.2 hereof and section 15.4 of the Participation Agreement, ar­range for the financing of all or any portion of its investment in Nuclear Fuel on such terms and conditions as it determines in its sole discretion to be acceptable, including without limitation, the conveyance and assignment of its undivided joint ownership interest in the Nuclear Fuel to its Fuel Financer.

		
	F.1.4.2
	No financing arrangement shall relieve such Participant from any obligations under this Appendix F or any other provision of the Participation Agreement. No such financing arrangement shall give nor purport to give the Fuel Financer any different rights or obligations under the Par­ticipation Agreement than would be possessed or imposed upon such Participation in the absence of such financing arrangement. No such finan-

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cing arrangement nor the rights of any Fuel Financer thereunder shall be valid or enforceable against the Operating Agent or any other Partici­pant until such arrangement has been found by the Administrative Committee to be consistent with this Appendix F and all other provisions of the Par­ticipation Agreement.
		
	F.2
	Definitions. The following terms, when used herein shall have the meanings hereinafter specified. Such terms have been separated into certain functional groupings to permit better understanding.

		
	F.2.1
	AMORTIZED COSTS.

		
	F.2.1.1
	ASSEMBLY COST (AC): The total costs incurred for a complete new Fuel As­sembly ready for insertion into a Reactor and recorded in FERC Account 120.3, including the Project Uranium Costs for the Uranium Concentrates incorporated in such assembly or util­ized or consumed in any and all pro­cesses involved in the manufacture of such assembly, less its estimated Net Salvage Value. Such total costs shall exclude (i) any Participant's costs

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for interest on advanced funds, rental, carrying or use charges and, except as provided in Section 13.3 of the Participation Agreement, any ad valorem taxes or payments in lieu thereof and (ii) all Fuel Handling Expenses and all Fuel Management Ex­penses.
		
	F.2.1.2
	ASSIGNED ASSEMBLY COST (AAC): The portion of the Assembly Cost assign­able to each Participant for any Fuel Assembly which shall be equal to the product of (i) such Participant's Generation Entitlement Share multiplied by (ii) the Assembly Cost for such assembly.

		
	F.2.l.3
	NET SALVAGE VALUE (NSV): The amount, which may be either positive or nega­tive, estimated for each Fuel Assem­bly by the Operating Agent in accordance with criteria approved by the Engineering and Operating Committee, including (i) all estimated costs of handling, transportation, offsite storage and disposal of such assembly or any portions thereof after its re-

F-15

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moval from a Reactor, but excluding all Fuel Handling Expenses and (ii) if such committee determines that reprocessing of such assembly is feasi­ble, the estimated costs of repro­cessing, including without limitation, the costs of waste disposal associ­ated therewith, and the estimated value of any materials expected to be recoverable therefrom for reuse in any Reactor or for sale.
		
	F.2.1.4
	PROJECT URANIUM COSTS (PUC): The total costs of obtaining and delivering Uranium Concentrates properly chargeable to FERC Account 120.l which would have been incurred if all Uranium Concentrates required in the manufacture of a Fuel Assembly had been supplied at the average cost of those concentrates delivered in satisfaction of contracts to which the Operating Agent is a party pur­suant to Appendix K to the Partici­pation Agreement. Such average cost shall be determined by the Operating Agent using the weighted average in-

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ventory allocation method in accor­dance with Accounting Practice or such other method as the Audit Committee may establish.
		
	F.2.2
	THERMAL OUTPUT - ESTIMATED, ACTUAL AND PRESUMED.

		
	F.2.2.1
	ESTIMATED THERMAL OUTPUT (ETO): The total thermal energy, expressed in megawatt-days (MWD), expected to be produced from one or more Fuel Assemblies as specified in the applicable Nuclear Fuel management plan(s) in effect from time to time as proposed by the Operating Agent and approved by the Engineering and Operating Com­ittee pursuant to Section 6.3.2 of the Participation Agreement.

		
	F.2.2.2
	ASSIGNED ESTIMATED THERMAL OUTPUT (AETO): The portion of the Estimated Thermal Output from one or more Fuel Assembly(ies) that is (are) assignable to each Participant, which is equal to the product of (i) such Par­ticipant's Generation Entitlement Share multiplied by (ii) the Estimated Thermal output of such assem-

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bly(ies).
		
	F.2.2.3
	ACTUAL THERMAL OUTPUT (ATO): The re­corded thermal energy expressed in megawatt-days (MWD) produced from one or more Fuel Assemblies during any given period or periods of residence in a Reactor or Reactors which has or have been used to start up and operate such Reactor or Reactors at any Power level or levels.

		
	F.2.2.4
	ASSIGNED ACTUAL THERMAL OUTPUT (AATO):

The portion of the Actual Thermal Out­put of one or more Fuel Assemblies during any given period assignable to each Participant which shall be equal to the sum of (i) the product com­puted separately for each resident Fuel Assembly of (a) its total Actual Thermal Output during such period re­quired for start-up and during operation of the Reactor in which such as­sembly(ies) is (are) residing at any Power level up to and including that required for such Reactor's Generat­ing Unit to produce its Zero Net Load, multiplied by (b) such Partici-

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pant's Generation Entitlement Share, and (ii) the product computed sepa­rately for each resident Fuel Assem­bly of (a) its total Actual Thermal Output during such period used for Net Energy Generation multiplied by (b) the percentage of the total Net Energy Generation from such Generat­ing Unit during such period delivered to such Participant.
		
	F.2.2.5
	PRESUMED THERMAL OUTPUT (PTO ): The thermal output presumed to have been utilized by any Participant for the purpose of computing its Presumed Thermal Output Expense, if any, with respect to any Fuel Assembly whose Actual Thermal output at the time of its discharge from a Reactor is less than its Estimated Thermal Output (as established at the time of its first insertion into a Reactor or such other time as the Engineering and Operating Committee shall specify) because such Participant, or such Participant and one or more other Participants, shall have failed to

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schedule operation of the associated Generating Unit up to its or their respective Generation Entitlement Share or Shares. Such Presumed Ther­mal Output shall be equal to the pro­duct of (i) the amount by which the Estimated Thermal Output for such assembly exceeded its Actual Thermal Output multiplied by (ii) the quo­tient of (a) the amount by which such Participant's Assigned Estimated Thermal Output exceeded such Participant 's Assigned Actual Thermal Output divided by (b) the total of such amounts for all Participants whose respective Assigned Estimated Thermal Outputs exceeded their respective Assigned Actual Thermal Output.
		
	F.2.3
	FUEL EXPENSES CHARGEABLE TO FERC ACCOUNT 518.

		
	F.2.3.l
	ASSIGNED FUEL EXPENSE (AFE): The portion of the Fuel Expense assign­able to each Participant in any month for one or more Fuel Assembly(ies) determined by multiplying (i) such Participant's Assigned Assembly Cost

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for such assembly(ies) by (ii) the quotient of (a) such Participant's Assigned Actual Thermal Output from such assembly(ies) in such month divided by (b) such Participant's Assigned Estimated Thermal Output from such assembly(ies).
		
	F.2.3.2
	ADJUSTED ASSIGNED FUEL EXPENSE (AAFE):  The amount determined for each Participant for one or more Fuel Assemblies at the time such assembly(ies) is (are) removed from a Reactor for re­processing or other disposal, equal to the summation of such Participant's (i) Assigned Fuel Expenses for assembly(ies) during all periods such assembly(ies) was (were) utilized in a Reactor and (ii) Presumed Thermal Output Expense, if any, during such period.

		
	F.2.3.3
	PRESUMED THERMAL OUTPUT EXPENSE (PTOE):  The expense assignable to any Partic­ipant for the purpose of computing such Participant's Adjusted Assigned Fuel Expense for one or more Fuel Assembly(ies), which shall be equal

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to the product of (i) such Partici­pant 's Assigned Assembly Cost multi­plied by (ii) the quotient of such Participant 's Presumed Thermal Output (see Section F.2.2.5 hereof) divided by its Assigned Estimated Thermal Output of such assembly(ies).
		
	F.2.4
	FUEL EXPENSE CREDITS AND DEBITS.

		
	F.2.4.1
	FUEL EXPENSE CREDIT (FEC): The amount, if any, determined for any Participant by which such Participant's Assigned Assembly Cost for such assembly(ies) exceeds such Participant's Adjusted Assigned Fuel Expense for such assembly(ies). This amount shall be determined upon the removal of one or more Fuel Assemblies from a Reactor for reprocessing or other disposal or at other times as the Audit Committee shall estab­lish.

		
	F.2.4.2
	ASSIGNED FUEL EXPENSE DEBITS (AFED):  With respect to one or more Fuel As­semblies, the portion of the sum of all Fuel Expense Credits chargeable to each Participant whose Assigned

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Actual Thermal Output from such assembly(ies) exceeds such Participant's Generation Entitlement Share of the Actual Thermal Output from such assembly(ies). This amount shall be equal to the amount deter­ mined by multiplying (i) the sum of all the Fuel Expense Credits for such assembly(ies) by (ii) the quotient of (a) the amount that such Partici­pant's Assigned Actual Thermal Output from such assembly(ies) exceeds such Participant's Assigned Estimated Thermal Output from such assembly(ies) divided by (b) the sum of all such amounts for all such Participants.
		
	F.2.5
	EXPENSES NOT CHARGEABLE TO FERC ACCOUNT 518.

		
	F.2.5.l
	FUEL HANDLING EXPENSE (FHE): All costs incurred by the Operating Agent in connection with the receipt, inspection, storage, insertion, removal, preparation for shipment and other handling of Nuclear Fuel at the Nuclear Plant Site, but excluding any costs which shall be capitalized in accordance with Accounting Practice.

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	F.2.5.2
	FUEL MANAGEMENT EXPENSE (FME): All costs incurred by the Operating Agent in connection with planning and order­ing of, contracting, accounting for, and scheduling and managing the use of Nuclear Fuel, including any com­puter charges, consultant 's fees, costs of any advisory or management services furnished by any Nuclear Fuel supplier, payroll and associated costs of the Operating Agent's per­sonnel and an allowance for adminis­trative and general expense of the Operating Agent, but excluding Fuel Handling Expenses and any expense incurred by the Project Manager in connection with contracting for nuclear steam supply systems and for each Reactor's initially purchased supply of Fuel Assemblies, which ex­pense shall be capitalized in accordance with Accounting Practice.

		
	F.2.6
	MISCELLANEOUS.

		
	F.2.6.l
	NUCLEAR FUEL EXPENDITURES (NFE): All expenditures which are made or sched­uled pursuant to any Nuclear Fuel

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Agreement, but excluding (i) any ex­penditures payable to a Fuel Financer and (ii) all Project Uranium Costs.
		
	F.3
	Forecasts of Cash Requirements and Advances of Funds.

		
	F.3.l
	On or before the beginning of each quarter commencing on the first day of January, April, July and October, the Operating Agent shall furnish to each Participant, and, at the written request of such Par­ticipant, to its Fuel Financer, if any, a ten-year forecast of such Participant's cash requirements for its share of all Nuclear Fuel Expenditures, including all payments to become due under each Nuclear Fuel Agreement then in effect (including without limitation the contracts identi­fied in Section K.3.1 of Appendix K to the Participation Agreement, but excluding all other contracts to purchase Additional Uranium Concentrates), and estimates of all other expenditures, including without limitation, shipping charges, cask rentals, charges for storage at places other than the Nuclear Plant Site, reprocessing costs, enrichment services and conversion costs, of the character chargeable to FERC Ac-

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count 120.5. Such forecast shall set forth such cash requirements (i) for each month of the first two years following the date of the forecast and (ii) for each year of the last eight years of the forecast.
		
	F.3.2
	At least ten (10) days in advance of the date on which any Nuclear Fuel Expenditure shall become due the Operating Agent shall send a request for funds to each Partici­pant and, upon request of a Participant, a copy of such request for funds to its Fuel Financer for such Participant's share of such Nuclear Fuel Expenditure. Each Participant shall advance or cause to be advanced to the Operating Agent the funds so requested on or before said due date. In the event the amount advanced by any Participant shall exceed such Participant's share of the amount of Nuclear Fuel Expenditures actually made, then any such excess advance shall be promptly returned to such Participant.

		
	F.3.3
	Funds not advanced to the Operating Agent as required pursuant to Section F.3.2 hereof shall be payable with interest from

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and after said due date at the rate provided in Section 23.3 of the Participation Agreement.
		
	F.3.4
	If a Participant shall dispute any portion of any amount specified in a forecast of Nuclear Fuel Expenditures or a request for funds, it shall make the total payment or advance specified in the request for funds and follow the procedures set forth in Section 23.4 of the Participation Agreement.

		
	F.4
	Determinations, Estimates and Reports.

		
	F.4.1
	Upon receipt of Fuel Assemblies. Promptly after receipt of the last Fuel Assembly of the initial core and subsequently of each reload batch for any Generating Unit, the Operating Agent shall determine for each Participant, when applicable, for each Fuel Assembly of such initial core or reload batch, and for all such Fuel Assemblies the totals of, the following:

		
	F.4.l.l
	Assembly Cost, including costs of the individual Nuclear Fuel cost components comprising the Assembly Cost with the dates when such cost components were paid.

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	F.4.l.2
	Estimate of the Net Salvage Value. 

		
	F.4.l.3
	Assigned Assembly Cost for each Par­ticipant.

		
	F.4.l.4
	Estimated Thermal Output.

		
	F.4.l.5
	Assigned Estimated Thermal Output.

		
	F.4.2
	Upon Initial Fuel Loading: At the time of the initial loading of Fuel Assemblies into a Reactor the Operating Agent shall update its determinations made in accordance with Section F.4.1 hereof making such adjustments as may be warranted due to changes in any factor affecting the Assigned Estimated Thermal Outputs or As­sembly Cost.

		
	F.4.3
	Monthly Determinations: Not later than ten (10) days after the end of each month after the initial Nuclear Fuel loading, the Operating Agent shall determine with respect to each Fuel Assembly:

		
	F.4.3.1
	Actual Thermal Output and Assigned Actual Thermal Outputs during such month (i) for Reactor operation at any Power level up to that required for Zero Net Load and (ii) for Net Energy Generation.

		
	F.4.3.2
	Actual Thermal Output and Assigned 

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Actual Thermal Outputs during entire period of residence in a Reactor or Reactors to the end of such month.
		
	F.4.3.3
	Assigned Fuel Expense for each Participant for such month.

		
	F.4.3.4
	The summation of the Assigned Fuel Expenses for each Participant as of the beginning and the end of such month.

		
	F.4.3.5
	In the event the Actual Thermal Out­put determined pursuant to Section F.4.3.2 hereof shall exceed the Estimated Thermal Output, net adjustments to be made in the Assigned Fuel Ex­penses for each Participant.

		
	F.4.4
	Upon Shutdown of a Reactor for Removal of Fuel Assemblies for Reprocessing or Other Disposal: Within thirty (30) days after the removal of any Fuel Assembly for re­processing or other disposal, the Operat­ing Agent shall determine on the basis of the best information then available with respect to such Fuel Assembly:

		
	F.4.4.l
	Assembly Cost.

		
	F.4.4.2
	Estimate of the Net Salvage Value.

		
	F.4.4.3
	Assigned Assembly Cost.

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	F.4.4.4
	Actual Thermal Output during entire period of residence in a Reactor or Reactors.

		
	F.4.4.5
	Assigned Actual Thermal Output during such period for each Participant.

		
	F.4.4.6
	Presumed Thermal Output, if any, for each Participant.

		
	F.4.4.7
	Adjusted Assigned Fuel Expense for each Participant.

		
	F.4.4.8
	Net adjustments, for each annual re­porting period affected, to the Assigned Fuel Expense for each Participant due to (i) differences between Estimated and Actual Thermal Output and (ii) changes in any factor affecting the estimate of the Net Salvage Value.

		
	F.4.4.9
	Fuel Expense Credits and Assigned Fuel Expense Debits applicable to such removed Fuel Assembly after making the net adjustments determined pursuant to Section F.4.4.8 hereof in the event the sum of the Actual Thermal Output and all Presumed Thermal Outputs, if any, determined for such Fuel Assembly is equal to or greater

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than its Estimated Thermal Output used to compute such Presumed Thermal Outputs.
		
	F.4.5
	Prior to Reactor Start-up after Refueling: Prior to start-up of a Reactor after any refueling, the Operating Agent shall de­termine with respect to each new Fuel As­sembly inserted and each partially irradi­ated Fuel Assembly reinserted into the Re­actor during such refueling the same data as that required under section F.4.2 hereof.

		
	F.4.6
	The Operating Agent shall furnish to each Participant a report of each determina­tion made pursuant to this Section F.4 promptly after such determination is made in a form and manner as may be recommended by the Operating Agent and approved by the Engineering and Operating Committee.

		
	F.5
	Bills for Assigned Fuel Expense Debits and Adjustments.

		
	F.5.1
	Within fifteen (15) days after making the determinations required under Section F.4.4.9 hereof, the Operating Agent shall bill each Participant having aggregate Assigned Fuel Expense Debits for the pur-

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pose of reimbursing those Participants having aggregate Fuel Expense Credits.
		
	F.5.2
	Promptly upon receipt of payment of any such bills for Assigned Fuel Expense Debits or net adjustments, including any interest thereon pursuant to Section F.5.3 hereof, the Operating Agent shall pay the amounts so received to those Participants entitled thereto pro rata.

		
	F.5.3
	Bills rendered pursuant to Section F.5.1 hereof shall be due and payable fifteen (15) days after receipt. Any bill not paid on its due date shall bear interest from and after said due date at the rate provided in Section 23.3 of the Partici­pation Agreement.

		
	F.5.4
	If any Participant shall dispute any de­termination made by the Operating Agent pursuant to Section F.4 hereof or any bill rendered pursuant to this Section F.5, the disputant shall make the total payment billed or accept the payment rendered and follow the procedures set forth in Section 23.4 of the Participation Agreement.

		
	F.6
	Example Calculations.

		
	F.6.1
	The following examples illustrate the man-

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ner in which calculations of Assigned Fuel Expenses, Fuel Expense Credits and As­signed Fuel Expense Debits are made under four scenarios with differing assumptions.
		
	F.6.2
	If a conflict arises between this Appendix F and the examples attached hereto, then this Appendix F shall govern.

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	SCENARIO 1 - SAMPLE CALCULATION OF APPENDIX F

	ALL PARTICIPANTS USE THEIR ENERGY ALLOTMENT

	 
	 
	GES
	 
	AAC
	 
	AETO
	 
	AATO
	 
	AFE
	 
	PTO
	 
	PTOE
	 
	AAFE
	 
	FEC
	 
	AFED

	Participant
	 
	%
	 
	$
	 
	MWD
	 
	MWD
	 
	$
	 
	MWD
	 
	$
	 
	$
	 
	$
	 
	$

	A
	 
	10
	 
	100,000
	 
	3,000
	 
	3,000
	 
	100,000
	 
	0
	 
	0
	 
	100,000
	 
	0
	 
	0

	B
	 
	20
	 
	200,000
	 
	6,000
	 
	6,000
	 
	200,000
	 
	0
	 
	0
	 
	200,000
	 
	0
	 
	0

	C
	 
	30
	 
	300,000
	 
	9,000
	 
	9,000
	 
	300,000
	 
	0
	 
	0
	 
	300,000
	 
	0
	 
	0

	D
	 
	40
	 
	400,000
	 
	12,000
	 
	12,000
	 
	400,000
	 
	0
	 
	0
	 
	400,000
	 
	0
	 
	0

	Total
	 
	100
	 
	1,000,000
	 
	30,000
	 
	30,000
	 
	1,000,000
	 
	0
	 
	0
	 
	1,000,000
	 
	0
	 
	0

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

Notes:
1. ATO  =      ETO  =  30,000 MWD
2.  AC    =   $1,000,000
	
														
	CALCULATIONS:
	 
	 
	 
	 
	 
	 
	 
	 
	 

	1.
	GES Given
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	2.
	AAC = GES x AC
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	3.
	AETO = GES x ETO
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	a.
	AETO (A) =
	3,000
	MWD
	=
	.10
	x
	30,000
	MWD
	 
	 
	 
	 

	 
	b.
	AETO (B) =
	6,000
	MWD
	=
	.20
	x
	30,000
	MWD
	 
	 
	 
	 

	 
	c.
	AETO (C) =
	9,000
	MWD
	=
	.30
	x
	30,000
	MWD
	 
	 
	 
	 

	 
	d.
	AETO (D) =
	12,000
	MWD
	=
	.40
	x
	30,000
	MWD
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	4.
	AATO Given
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	5.
	AFE = AAC x (AATO ÷ AETO)
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	a.
	AFE (A) =
	$100,000
	MWD
	=
	$100,000
	x
	(3,000
	MWD
	÷
	3,000
	MWD)

	 
	b.
	AFE (B) =
	$200,000
	MWD
	=
	$200,000
	x
	(6,000
	MWD
	÷
	6,000
	MWD)

	 
	c.
	AFE (C) =
	$300,000
	MWD
	=
	$300,000
	x
	(9,000
	MWD
	÷
	9,000
	MWD)

	 
	d.
	AFE (D) =
	$400,000
	MWD
	=
	$400,000
	x
	(12,000
	MWD
	÷
	12,000
	MWD)

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	6.
	PTO = (ETO - ATO)  x  (AETO - AATO)    
             Σ (AETO - AATO)

	 
	 
	 
	 
	 

	 
	Where ETO > ATO and AETO > AATO
	 
	 
	 
	 
	 

	 
	ETO = ATO.  Therefore PTO for each Participant is zero.

	 
	 
	 
	 
	 

	 
	"I" denotes a summation for all Participants.

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	7.
	PTOE = AAC x (PTO ÷ AETO)
	 
	 
	 
	 

	 
	PTO = 0 for each Participant.  Therefore PTOE for each Participant is zero.
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	8.
	AAFE = AFE ÷ PTOE
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	a.
	AAFE (A) =
	$100,000
	=
	 
	$100,000
	÷
	0
	 
	 
	 
	 
	 

	 
	b.
	AAFE (B) =
	$200,000
	=
	 
	$200,000
	÷
	0
	 
	 
	 
	 
	 

	 
	c.
	AAFE (C) =
	$300,000
	=
	 
	$300,000
	÷
	0
	 
	 
	 
	 
	 

	 
	d.
	AAFE (D) =
	$400,000
	=
	 
	$400,000
	÷
	0
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	9.
	FEC = AAC - AAFE if AAC > AAFE
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	a.
	FEC (A) =
	0
	=
	 
	$100,000
	=
	$100,000
	÷
	0
	 
	 
	 

	 
	b.
	FEC (B) =
	0
	=
	 
	$200,000
	=
	$200,000
	÷
	0
	 
	 
	 

	 
	c.
	FEC (C) =
	0
	=
	 
	$300,000
	=
	$300,000
	÷
	0
	 
	 
	 

	 
	d.
	FEC (D) =
	0
	=
	 
	$400,000
	=
	$400,000
	÷
	0
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	10.
	AFED = IFEC x  (AATO - AETO)    
   Σ (AATO - AETO)

	 
	 
	 
	 
	 
	 
	 
	 

	 
	Where AATO > AETO
	 
	 
	 
	 
	 

	 
	FEC (a) + FEC (B) + FEC (C) + FEC(D) + 0. Therefore AFED
	 
	 
	 
	 
	 

	 
	for each participant is zero
	 
	 
	 
	 
	 

F-34

4/2/82

	
																					
	SCENARIO 2 - SAMPLE CALCULATION OF APPENDIX F

	PARTICIPANTS A AND B USE ENERGY OF C AND D - NO PRESUMED THERMAL OUTPUT

	 
	 
	GES
	 
	AAC
	 
	AETO
	 
	AATO
	 
	AFE
	 
	PTO
	 
	PTOE
	 
	AAFE
	 
	FEC
	 
	AFED

	Participant
	 
	%
	 
	$
	 
	MWD
	 
	MWD
	 
	$
	 
	MWD
	 
	$
	 
	$
	 
	$
	 
	$

	A
	 
	10
	 
	100,000
	 
	3,000
	 
	3,300
	 
	110,000
	 
	0
	 
	0
	 
	110,000
	 
	0
	 
	10,000

	B
	 
	20
	 
	200,000
	 
	6,000
	 
	6,600
	 
	220,000
	 
	0
	 
	0
	 
	220,000
	 
	0
	 
	20,000

	C
	 
	30
	 
	300,000
	 
	9,000
	 
	8,700
	 
	290,000
	 
	0
	 
	0
	 
	290,000
	 
	10,000
	 
	0

	D
	 
	40
	 
	400,000
	 
	12,000
	 
	11,400
	 
	380,000
	 
	0
	 
	0
	 
	380,000
	 
	20,000
	 
	0

	Total
	 
	100
	 
	1,000,000
	 
	30,000
	 
	30,000
	 
	1,000,000
	 
	0
	 
	0
	 
	1,000,000
	 
	30,000
	 
	30,000

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

Notes:
1. ATO  =      ETO  =  30,000 MWD
2. AC    =   $1,000,000
	
														
	CALCULATIONS:
	 
	 
	 
	 
	 
	 
	 
	 
	 

	1.
	GES Given
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	2.
	AAC = GES x AC
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	3.
	AETO = GES x ETO
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	a.
	AETO (A) =
	3,000
	MWD
	=
	.10
	x
	30,000
	MWD
	 
	 
	 
	 

	 
	b.
	AETO (B) =
	6,000
	MWD
	=
	.20
	x
	30,000
	MWD
	 
	 
	 
	 

	 
	c.
	AETO (C) =
	9,000
	MWD
	=
	.30
	x
	30,000
	MWD
	 
	 
	 
	 

	 
	d.
	AETO (D) =
	12,000
	MWD
	=
	.40
	x
	30,000
	MWD
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	4.
	AATO Given
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	a.
	A uses 300 MWD more than its allotment
	 
	 
	 
	 
	 
	 

	 
	b.
	B uses 600 MWD more than its allotment
	 
	 
	 
	 
	 
	 

	 
	c.
	C loses 300 MWD of its allotment
	 
	 
	 
	 
	 
	 

	 
	d.
	D loses 600 MWD of its allotment
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	5.
	AFE = AAC x (AATO ÷ AETO)
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	a.
	AFE (A) =
	$110,000
	 
	=
	$100,000
	x
	(3,300
	MWD
	÷
	3,000
	MWD)

	 
	b.
	AFE (B) =
	$220,000
	 
	=
	$200,000
	x
	(6,600
	MWD
	÷
	6,000
	MWD)

	 
	c.
	AFE (C) =
	$290,000
	 
	=
	$300,000
	x
	(8,700
	MWD
	÷
	9,000
	MWD)

	 
	d.
	AFE (D) =
	$380,000
	 
	=
	$400,000
	x
	(11,400
	MWD
	÷
	12,000
	MWD)

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	6.
	PTO = (ETO - ATO)  x  (AETO - AATO)    
             Σ (AETO - AATO)

	 
	 
	 
	 
	 

	 
	Where ETO > ATO and AETO > AATO
	 
	 
	 
	 
	 

	 
	ETO = ATO.  Therefore PTO for each Participant is zero.

	 
	 
	 
	 
	 

	 
	"I" denotes a summation for all Participants.

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	7.
	PTOE = AAC  x  (PTO ÷ AETO)
	 
	 
	 
	 

	 
	PTO = 0 for each Participant.  Therefore PTOE for each Participant is zero.
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	8.
	AAFE = AFE ÷ PTOE
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	a.
	AAFE (A) =
	$110,000
	=
	 
	$110,000
	÷
	0
	 
	 
	 
	 
	 

	 
	b.
	AAFE (B) =
	$220,000
	=
	 
	$220,000
	÷
	0
	 
	 
	 
	 
	 

	 
	c.
	AAFE (C) =
	$290,000
	=
	 
	$290,000
	÷
	0
	 
	 
	 
	 
	 

	 
	d.
	AAFE (D) =
	$380,000
	=
	 
	$380,000
	÷
	0
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	9.
	FEC = AAC - AAFE if AAC > AAFE
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	a.
	FEC (A) =
	0
	=
	 
	$100,000
	=
	$100,000
	 
	 
	 
	 
	 

	 
	b.
	FEC (B) =
	0
	=
	 
	$200,000
	=
	$200,000
	 
	 
	 
	 
	 

	 
	c.
	FEC (C) =
	$10,000
	=
	 
	$300,000
	=
	$290,000
	 
	 
	 
	 
	 

	 
	d.
	FEC (D) =
	$20,000
	=
	 
	$400,000
	=
	$380,000
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	10.
	AFED = IFEC x  (AATO - AETO)    
  Σ (AATO - AETO)

	 
	 
	 
	 
	 
	 
	 
	 

	 
	Where AATO > AETO
	 
	 
	 
	 
	 

	a.
	AFED (A) = $10,000=$30,000 x (300 MWD ÷ 900 MWD)
	 
	 
	 
	 
	 

	b.
	AFED (B) = $20,000=$30,000 x (600 MWD ÷ 900 MWD)
	 
	 
	 
	 
	 

	c.
	AFED (C) =            0
	 
	 
	 
	 
	 

	d.
	AFED (D) =            0
	 
	 
	 
	 
	 

F-35

4/2/82

	
																					
	SCENARIO 3 - SAMPLE CALCULATION OF APPENDIX F

	PARTICIPANTS A AND B LOSE PART OF THEIR ENERGY ALLOTMENT AND HAVE

	PRESUMED THERMAL OUTPUT – PARTICIPANTS C AND D USE ALL OF THEIR ENERGY ALLOTMENT

	 
	 
	GES
	 
	AAC
	 
	AETO
	 
	AATO
	 
	AFE
	 
	PTO
	 
	PTOE
	 
	AAFE
	 
	FEC
	 
	AFED

	Participant
	 
	%
	 
	$
	 
	MWD
	 
	MWD
	 
	$
	 
	MWD
	 
	$
	 
	$
	 
	$
	 
	$

	A
	 
	10
	 
	100,000
	 
	3,000
	 
	2,700
	 
	90,000
	 
	300
	 
	10,000
	 
	100,000
	 
	0
	 
	0

	B
	 
	20
	 
	200,000
	 
	6,000
	 
	5,400
	 
	180,000
	 
	600
	 
	20,000
	 
	200,000
	 
	0
	 
	0

	C
	 
	30
	 
	300,000
	 
	9,000
	 
	9,000
	 
	300,000
	 
	0
	 
	0
	 
	300,000
	 
	0
	 
	0

	D
	 
	40
	 
	400,000
	 
	12,000
	 
	12,000
	 
	400,000
	 
	0
	 
	0
	 
	400,000
	 
	0
	 
	0

	Total
	 
	100
	 
	1,000,000
	 
	30,000
	 
	29,100
	 
	970,000
	 
	900
	 
	30,000
	 
	1,000,000
	 
	0
	 
	0

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

Notes:
1.     ETO  =       30,000    MWD
2.     ATO  =        29,100   MWD
3.     AC    =        $1,000,000

,	
															
	CALCULATIONS:
	 
	 
	 
	 
	 
	 
	 
	 
	 

	1.
	GES Given
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	2.
	AAC = GES x AC
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	3.
	AETO = GES x ETO
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	a.
	AETO (A) =
	3,000
	MWD
	=
	.10
	x
	30,000
	MWD
	 
	 
	 
	 

	 
	b.
	AETO (B) =
	6,000
	MWD
	=
	.20
	x
	30,000
	MWD
	 
	 
	 
	 

	 
	c.
	AETO (C) =
	9,000
	MWD
	=
	.30
	x
	30,000
	MWD
	 
	 
	 
	 

	 
	d.
	AETO (D) =
	12,000
	MWD
	=
	.40
	x
	30,000
	MWD
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	4.
	AATO Given
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	a.
	A uses 300 MWD more than its allotment
	 
	 
	 
	 
	 
	 

	 
	b.
	B uses 600 MWD more than its allotment
	 
	 
	 
	 
	 
	 

	 
	c.
	C used exactly its allotment
	 
	 
	 
	 
	 
	 

	 
	d.
	D used exactly its allotment
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	5.
	AFE = AAC x (AATO ÷ AETO)
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	a.
	AFE (A) =
	$90,000
	=
	 
	$100,000
	x
	(2,700
	MWD
	÷
	3,000
	MWD)

	 
	b.
	AFE (B) =
	$180,000
	=
	 
	$200,000
	x
	(5,400
	MWD
	÷
	6,000
	MWD)

	 
	c.
	AFE (C) =
	$300,000
	=
	 
	$300,000
	x
	(9,000
	MWD
	÷
	9,000
	MWD)

	 
	d.
	AFE (D) =
	$400,000
	=
	 
	$400,000
	x
	(12,000
	MWD
	÷
	12,000
	MWD)

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	6.
	PTO = (ETO - ATO)  x  (AETO - AATO)    
               Σ (AETO - AATO)

	 
	 
	 
	 
	 

	 
	Where ETO > ATO and AETO > AATO
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	a.
	PTO (A) =
	300
	

	MWD
	=
	(30,000 MWD - 29,100 MWD) x ((3,000 MWD - 2,700 MWD) ÷ 900 MWD)

	 
	b.
	PTO (B) =
	600
	

	MWD
	=
	(30,000 MWD - 29,100 MWD) x ((6,000 MWD - 5,400 MWD) ÷ 900 MWD)

	 
	c.
	PTO (C) =
	0
	

	MWD
	 
	 
	 

	 
	d.
	PTO (D) =
	0
	

	MWD
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	7.
	PTOE = AAC  x  (PTO ÷ AETO)
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	a.
	PTOE (A) = 
	           $10,000   =   $100,000    X (300 MWD ÷ 3,000 MWD)
	 
	 
	 
	 

	 
	b.
	PTOE (B) =
	           $20,000   =   $200,000    X (600 MWD ÷ 6,000 MWD)
	 
	 
	 
	 

	 
	c.
	PTOE (C) =
	0
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	d.
	PTOE (D) =
	0
	

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	8.
	AAFE = AFE ÷ PTOE
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	a.
	AAFE (A) =
	$100,000
	=
	 
	$90,000
	÷
	$10,000
	 
	 
	 
	 
	 

	 
	b.
	AAFE (B) =
	$200,000
	=
	 
	$180,000
	÷
	$20,000
	 
	 
	 
	 
	 

	 
	c.
	AAFE (C) =
	$300,000
	=
	 
	$300,000
	÷
	0
	 
	 
	 
	 
	 

	 
	d.
	AAFE (D) =
	$400,000
	=
	 
	$400,000
	÷
	0
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	9.
	FEC = AAC - AAFE if AAC > AAFE
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	FEC = 0 for each participant
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	10.
	AFED = IFEC x  (AATO - AETO)    
   Σ (AATO - AETO)

	 
	 
	 
	 
	 
	 
	 
	 

	 
	Where AATO > AETO
	 
	 
	 
	 
	 

	 
	AFED = 0 for each Participant

	 
	 
	 
	 
	 

F-36

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00280-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00280-of-00352.parquet"}]]