Vogtle Electric Generating Plant, Units 1 & 2Financial Assurance Requirements for DecommissioningNuclear Power Reactors (10 CFR 50.75(f)(1))

Enclosure 3

Municipal Electric Authority of Georgia Response

Docket Nos.: 50-42450-425

U. S. Nuclear Regulatory CommissionATTN: Document Control DeskWashington, D.C. 20555

Vogtle Electric Generating PlantFinancial Assurance Requirements for Decommissioning

Nuclear Power Reactors (10 CFR 50.75(fi(1))

Dear Ladies and Gentlemen:

Pursuant to 10 CFR 50.75(f)(1), each power reactor licensee is required toreport to the NRC the status of its decommissioning funding for each reactoror part of each reactor it owns on a calendar year basis, beginning on March31, 1999, and every two years thereafter. Accordingly, Municipal ElectricAuthority of Georgia (MEAG) hereby submits the enclosed information inaccordance with 10 CFR 50.75(f)(1) for operating licenses NPF-68 andNPF-81 issued for Vogtle Electric Generating Plant Units 1 and 2,respectively. Southern Nuclear Operating Company, as the operatinglicensee and as an agent for the owners of the Vogtle Electric GeneratingPlant, is providing this information to the NRC on behalf of MEAG.

Based on the information presented herein, there is reasonable assurancethat the funding necessary for decommissioning of the Vogtle ElectricGenerating Plant, consistent with the NRC prescribed minimum set forth in10 CER 50.75(c), will be available on the expiration date of operatinglicenses NPF-68 and NPF-81.

Please advise if you have any questions or comments regarding theinformation provided herein.

Respectfully submitted,

MUNICIPAL ELECTRIC AUTHORITY OF GEORGIA, by,

James E. FullerSenior Vice President, Chief Financial Officer

Enclosure Municipal Electric Authority of Georgia

1470 Riveredge Parkway NWAtlanta, Georgia 30328-464v0

1-800-333-MEAG 770-563-0300Fax 770-953-3141

Enclosure

Vogtle Electric Generating Plant

Municipal Electric Authority of GeorgiaOwnership Percentage - 22.7%

10 CFR 50.75(f)(1) Requirement Unit I Unit 2

1 The NRC minimum decommissioning estimate, $1,4,0 11,4,0

pursuant to 10 CFR 50.75(b) and (c). $175,002$754002

2 The amount accumulated at the end of the $104,777,876 $98,930,918calendar year preceding the date of the report foritems included in 10 CFR 50.75(b) and (c).

3 A schedule of the annual amounts remaining to be See Schedule in See Schedule in

[collected; for items in 10 CFR 50.75(b) and (c). Attachment 1 Attachment 1

4 The assumptions used regarding:

(a) rates of escalation in decommissioning 3.60% 3.60%costs;

(b) rates of earnings on decommissioningfunds; 5.60% 5.60%

(c) real rate of return; and 2.00% 2.00%

(d) rates of other factors used in funding None None

projections.

5 Any contracts upon which the licensee is relying Attachments 2 & 3 Attachments 2 & 3pursuant to 10 CFR 50.75(e)(1)(v).

6 Any modifications to a licensee's current method None Noneof providing financial assurance occurring sincethe last submitted report.

7 fAny material changes to trust agreements. None None

NOTES:SThe NRC formulas in section 10 CFR 50.75(c) include only those decommissioning costs incurred by licensees

to remove a facility or site safely from service and reduce residual radioactivity to levels that permit: (1) releaseof the property for unrestricted use and termination of the license; or (2) release of the property under restrictedconditions and termination of the license. The cost of dismantling or demolishing non-radiological systems andstructures is not included in the NRC decommissioning cost estimates. The costs of managing and storingspent fuel on-site until transfer to DOE are not included in the cost formulas.

2 This amount is based on NUREG-1 307, Rev. 15, for the burial factor (Option 2) and the December 2014 BLS

data for labor and energy.

Attachment 1

Schedule of the Annual Amounts Remaining to be Collected

MEAG POWERDecommissioning Funding Plan

Nuclear Decommissioning Fund - Vogtle 1(Dollars in thousands)

CalendarYear

20142015201620172018201920202021202220232024202520262027202820292030203120322033203420352036203720382039204020412042

20432044204520462047

Balance atBeg,. of Year

(A)Contributions (1)

(B)

InterestEarnings

(C)

Less:Fees

104,778110,414116,222122,212128,394134,778141,375148,196155,254162,563170,134177,983186,125194,576203,353212,473221,955231,819242,085252,776263,915275,525287,630300,260313,442327,208341,580356,600372,302

388,725405,908

423,891442,719

5,7985,9766,1626,3606,5676,786

7,0177,2617,5187,7898,0748,3768,6939,0289,381

9,75410,14610,56010,99711,45711,94212,45412,99413,56314,16214,79515,46116,16416,90517,68618,51019,379

1,697

(162)(167)(172)(178)(184)(190)(196)

(203)(210)(217)(225)

(234)(242)(252)(261)(271)(282)(294)(306)(318)(332)

(349)(364)(380)

(397)(423)(441)(461)(482)(504)(527)(551)(48)

Balance atEnd of Year

(E)

104,778110,414116,222122,212128,394134,778141,375148,196155,254162,563170,134177,983186,125194,576203,353212,473221,955231,819242,085252,776263,915275,525287,630300,260313,442327,208341,580356,600

372,302388,725405,908423,891442,719444,367

Total - 349,413 (9,824)

Options: Level Payments

Footnotes:(1) - Based on the current funding levels and decommissioning forecast, the

decommissioningcontributions for Vogtle Unit One are being suspended.

Date: 3/5/2015; Time: 8:41 PM

MEAG POWERDecommissioning Funding Plan

Nuclear Decommissioning Fund - Vogfle 2(Dollars in thousands)

CalendarYear

2014201520162017201820192020202120222023202420252026

202720282029203020312032203320342035203620372038203920402041204220432044204520462047

20482049

Balance atBecg. of Year Contributions (1)

(A) (B)

interestEarnings

(C)

Less:Fees

98,931104,256109,752115,427121,291127,354133,629140,124146,854

153,831161,068168,578176,379184,484192,911201,676210,800220,300230,199240,516251,275262,501274,215286,446299,224312,578326,531

341,124356,391

372,369389,098406,617424,970444,202464,361

5,4795,6545,8386,0336,2386,4546,6836,9237,177

7,4447,7268,0248,3378,6689,0179,3859,772

10,18110,61211,06711,54612,05212,58413,14613,73914,36315,02115,71516,44717,21918,03218,89019,79520,749

3,634

(153)(158)(163)(169)(174)(180)(187)(193)(200)(208)(215)(224)(232)(241)(251)(261)(272)(283)(295)(307)(321)(338)

(353)(368)(385)(410O)(429)(448)(469)(490)(513)

(537)(562)(590)(108)

Balance atEnd of Year

(E)

98,931104,256

109,752115,427121,291127,354133,629140,124146,854153,831161,068168,578176,379184,484192,911201,676210,800220,300230,199240,516251,275262,501274,215286,446299,224312,578326,531341,124356,391372,369389,098406,617424,970444,202464,361467,887

Total - 379,645 (10,689)

Options: Level Payments

(1).- Based on the current funding levels and decommissioning forecast, thedecommissioning contributions for Vogtle Unit Two are being suspended.

Date: 3/5/'2015; Time: 8:41 PM

Attachment 2

Vogtle Electric Generating Plant Financial AssuranceRequirements for Decommissioning Nuclear Power

Reactors - 2015 Submittal

Project One Power Sales Agreement

POWER SALES CONITRACT3.twuae

2WUCpAtL ELh•CTJO AUTHOIUTY OP, GEORGIA

CITY 0F

This Contzact, made and entered tnto ss of Octbe 1, 393, and W4•w,.a theMgnlclpul Ehe-trl-- Authority of Georria £ public bod• corporatea nti poltIU• and. a pub. !c

* carporatfon at the Sta~ts of eorgia bueinater soineUna dafanatd a. the A.uthorlt, cruat..8 in' the proiiiim /.i GL Z. 1975, p. 107, ui mmeide and .

CITY OF

* po~litaJsbd sli~luon of thu Statte of Georgia1 herelnaftar son~itinms dedsignatod Li the ear.

~dpu~WITNE•.SSE TH

*THAT:

WH[E]t5J•A, the! Particr..pan hum. nieud for an• ecnnomlcllMl , zu•labi 60trce of Ulecfrk

" ~power and macru to meet the gr'owing demands of its suaomslon sad has duta-mlne&, toptuchase such eleckic power and emerj~a from rusouros 'owned, control]ad, or p ureihued

: !,ythe Autozt7, and

WKEREAS, the Autl'ority wilU talc. or caus to be ta~cn all etepi necma to ecuresoch grovernmental permits, Humenus. and approlials as are necessary for, mnd wlU then proceda apgropvlate with final duilgrn, finandaig and enqufalon or eoazutou of thoseIadUleu herein described cud designated math. Poject far the supplyF of alebchd poe andenca-rn to'the Paat~dpaat and to mUl othq• politica mubdlvlmlonze.contbadlng with thu Autm'.Sty therdor, ad wl 8uli thu output cud ,ervismf.i hfac/llitapuzmzat to this Cont-actand to coatracts eubdat~aaala Idfenticl to th c•uetr 'with othur po1Jti.sl audvtldesignted together .wrt t.he Particdpant u the Partidyarti. and, •

W•fREAM In additio, to the salt to the Partcipants of the output and aerwica of the"Project, the Authority will also obtainu fm• and pr-ovide to the Pu.idcpaut. the Pa•rtielpe.n•isupilezental .Eu*.* PFwr Siupply, as hazelnafter din-ed, and

W•REA8, In order to enable the Autlhorty to issue its re'venue beads to pint the costsof acquldagl cud cnns.ructng the Prialect I Is necemzy'for the :Authority to hav Wandingrconltrcti with mach pOlitica subdivisions of the Stalt of Goorit 4s may determine, puranantto attthority of[ I Ga .L lY1, p,. 107, am amnded, to contruact with the Authort, anud all p8a,-•.mente required to lae meade In accordanc with the provisons of .4rele III of ouch conbtcta,[neludini payments required to be nude under ArUtirle U! o this Contract, and all other pey.meats attrdhuoable to the Prolec• ar to the Annual Project Cosa, a.m heretnaftlt defined, t@ hemade In accoerdance with• or purLsuanzt to any" othr provisin of th•L1 Contract anti sqch other.onb'ad/s shl be pledged es secur.ty for the paym•entof suc Ro Had|s

I

NOW •HRRD.E:O•

Jar and in conlde~ration of the premisem led tha mutual covenants end aspeemeJuts here-melter aet foy'th, and in arder io pay the Authority far its costi af praviding (I) the Parti.c•pstat' Enllthman Share, em hereinafter" daflnid, of the outpot atd carriet of Lac Ucfl]tof thu Projetc an (li) the PartUcpant's Suppltnental Ru~k Power Supplyrt |t I agreed by anbeZWinn the pa.tlu hereto ma :follows:

ARTZCL I

ThRf 'OF CONTIL&CT, DEFInITI.NS

Sctie. 10L Term...Tuter of limi Co tLa s h a U btl an ib Contrat shal conuilutat a binding' ob•l.

ga~on of thu partie hereto from and after ith te•.tien by the list party to em~cuit the-cme.m The oblflration at the Authority to prawide Electric powe and erier87 under thu'pro-visions of thu Contrect shall begin with the firat Issuanose med deitvery by sal Atuthorit~y'of,7 ofY It la'3nds whc arm atuthorbzed to bei fissed by thu provisdons of I Ga. L. 1975,• p. 101,a. amended, or, In the event zwtam of the Authorrty ar limesd In anticipation of tha Issuane.of Bands, such obligaten ehall begin with the istuance andl delivery of ouch bond aa~t•lelpalnnotes. The term of this Contract shai coatinei In full foce Sad efect suntl such time, note.areding fifty yarn, m ac of the Authority's B]o-a• as herln~aflr'defined o noata isuredIn antidlpmtiou of the ismuanna of Rands and the Interest thereon hew. been paid or prniiaonfor payamet dshll have been made In accordance with bhe provhisons of the Bon[ Resolution.

•or until such time as the Project aba!! be ret~red from'aarvia decommissimoed, or ditoaed ofbr tim. Authorty whlcewv~r Is later.'"•--

As usemlhiertin:• . .(a) "*AeLt habll mean that certain Act of the 1975 suesso Of the Geeral 1,Assembly of the

Stats of Georgia compiledl end publishedl In I Ga. L 1118, p. 107, 55 the sumehs been~ hers-tofore'or may. be hereafter seaededi.•"

(b) "Arnuad Project Coats" •hkl mean, wit•h ruspect to a Powrer Sopply' Te.ar, to the'aT,.taut not psid as a part of the Costs of Acuulaltln aud Cane buction. aU cosha and expensesof thu Authority paid by thu Authority for mach Of the generating faclitim and thetrn -elon ryitem faciltio comprising thu Preflect during each Poster Suppl~y Y'a- aUoeablt to theProject Ind uding, but nat liaited to, Uthos ite.-us of cost and expense rfarerd" to In 0aot~on108(b) •nd Cc), hereof,, u Annual Project Generation $F.xed Charles, O0lwsr Annual ProjectGene~rsatn Costa, Ann~ual Project Treasmission Fised Charges, and Other Annual ProjectTra aznu Cosat. •

* C4) "Minus)l Supplemntantl Costa" shall mersa the.ots a nd expens. of th Authorityallocable to the pure.imulng or fu~rnishing of Supplemeatl Bulk Power Slupply to the Pa.tic-'•.-

Cd) "Anuald System BudgeL' nhail mean, with respect to a Power Supply Year, the budg-eta•dopiad by time Authority not ]isa tha tdrt dTas prior to tbshe beinahr eof such PFowerSu'pply Year Which badgeat hall Iitemiae estimatie of Annual Project Costs end Annual Sup.piainmntal Cueb andcl ai revenuus, income, or other fund, to he applied to such Cotat, rusper.tulya, for end applicablea to such Power Supply" Year or, in th- case oftam amended eqch Budg•-it, for and eppilcable to euch Year log the remainder of such Power Supply Year.

2

(e) "!1lhgl Statement" shall mnen the wrltton utatnemnt prapauud or caused to be pro-pared mnonthly by' the Authority that shall be brasd upon the Annual Systm BOdget or uponthe .amended Annual System Budget adopted by the Authority porteant to Seucto 202 he.reof,

'and thet shill ahaw the monthly amount to be paid to the Authority by the Participant 1u a•-cordenoc with the prowlafons of Sectaion 30T and 401 hereof.

(f) "Bondsl" ih.ail meanu the hond isue by•5• the Authority pt.,ruant to the pralzons of.the Bornd esoiution to fina ace or refinance the Cast of Acqusljltou emt Construction of thep~5gct. whether or aat any issue of sueb bonds shall be subordinated u to payment to anyother issue of euc~h bonds, knd shell include eddIffohil Bonds Issued purnuant to the prayl-catns of Section 601 hereof and refunding Bends issued pursuant to the pro•Isfon af Sec-tUon 502 hereof.

(gt) "Band Reaolution' shl mean the Power Revenue Bond R~esolution and anuy Supple-mental Power Bavenue Bond Resolution to be adopted by the Authority mod accepted by the'I~istee end the Ca.Trugte.(if any) thereimder for'the beundit of the owners of the Bonds whichshall provide for the tuuancteof such Bonds, * copy of which i'ower.Iewenue Bond Resolutloand Pirst Suppienmental Power R~aienu e Bond Resolutio• n la ubutntially the form to be adaptedby the Authority shall be an file In the records of the PmrzticipuL

(hi) "Bu&k Power Supply" shall mlm, w.ith xapect to a Particpant, all electroc powerand eneryy requlred by such Participant In excess of that amount Ci) supplied by any gener-atfon an tranamlaslon roourcee owned by such Participant co the effectire date of thid Con-tract, (ii)'received by msch Part-cipant from the Boulbeatarn Power Adm~zitnatlson(8B.PA2, end (Iii) procured by such Feartcipantfram elternatebulkpower supply resourcesIi accordance with the provisions of lection d04, herof. -

(i) "Commercil Operattion Date" shell mean, with rte pect to each fasulity of the Proj eat,.the beginnig of the day an which much facility of the Project is, in the opinion of the Author.t1y, ptoducizag ad delveringr electric power an• energ for. commercial use, provided, bow-.ever, in the event any much facility Is producngr and deliveringr electric power and enee'for commer.fal use on the data of acqufsltlon of the Authority's interest theirin, tiam Author-Ily may estsblish a Commercial Operaton Date for such facility whic~h date shall be within afumae.naid time of the effective date of eurh acr~uisdton.

(1) "Consulting Engineer" ehl mean an eaulucer or erngne in firm of national rea.titia hlvdza demonstrated expertise In the field of electric power generation trmzisinpower supply, electric utility opterat one, retse, and feuasfliry.

(h) "Conlsct" aud "'Power .Saem Cohntrct" shl ma~en, rampectlvely, this Coritractwith the Pariipant: and al! Power Bales Contracts, Includin, this Contract, substantialyidentir.al hereto entered inta by the Authority end a Pumtl€ip~nt h each case - the

/same may be amended eromi time to tifme.(I) "Cost af A~ciulaitlon and" Construction" mhafl mean, to the ertant net h•luded in An.

nealP reSrect Cosat, all costa of and erpense of piann~ng, desigunin, zcqnirtg, constructing,installn, and finnscing the Project, placing the Profect in opemton, ducomlslonln, ordisposal of the Project, and obtainingr governmental approwai, cerificatma, peramits endlicenses W1tI rempect tberekz• heretofore or hereafte paid or bannedr by the Authnitp and.may Include, in addition and without limitation, the following:

(1) working capital and reserves in such amounts as .mabe established pursuant tbthe Nond Resolution.

(2) ine-rest acc~ruing In whole or ina part on Bonds/urlor to and during constructionsod for auch additional period as the Authortsy may reasenabb' determine to ha nec.essary

.S

.0

f[or the pl.iecin of thei Pro ject or any facility the.reof In operation in aci'ozdance uftl thepr~aoaisou of the laond Resoltifon,""

•(5) acQ.u~sltfon of Initial fuel for each gtneraion faclit- of the Protect and wa*.

Ing cap latl and reserves therefor and wor Wng capital md resornee for ruload fuel,

.i n y fund or cocount established pm-raus to the loud Rasolnfon tu meet D~ebt Ser-ilca rese'rve zequlremmnne for Roads,

, (8) the depost or depoalto from the procteer of Bonds issued to flnance much coatsmn y funds or accounts establihd pnursuat to the Ronud ltuolution ma reseree for re-

newel, and replacenrenta, retrement from aervics, dacoum~annis or dflipomal of anygeizersilni facility of thu Project or conthngencles •

(61 tanitng and testing costs .Incme by the Au~or't,(7) prel~minary investiption Jmd derelopmutm costa e ldnsertlg fesu, contractors'

kees, costs, of Labor, iuierkbi, equipment, UW.Ly services and sup~plies md isgul and"

(5) -ll costa of insurne applicabto to tbe period of coasbuction, sad* (9) ill other coats incurrd by" the Autority mid properly ullocable to the acuus~ttonand constzuction of the'irojitc, Including al cost. finanuced by the issuzanca of additionalBonds p~ruzsnJt to SectImf 501, hereof..•(02) "Debt Service" shall mea~n, with respect to any period, the agpegatsof the amounbt

required hy" the 1on4 Reuolution to be paM darinir maid period Into any fund or funds create.by t.he Rand Resolution for the mole purpose of paying the principal (tncuding si•o fundInstallment') of atud premiu, if ary, and Inbtrest on al the Bonds from time to time outstand.lag astha iname chiln become dns, provided, however, thai DehI Seerice aha not Ineluda an•yacceler-~tion of the matority of the loads.

(n) "Intitlemen Shore"' shall moea, with respect toa •Participant and an Power Ba]pP1IYear sadl with respect to the smneratlner facilities (Indludlngrelatad tranaunmeson •aciUt•e)anud the tznsznlsaion aytsm facillties of the Proiect, (1) that percantag. 'of the output a.ndservicae of such ge-eralnfalufLitie set forth [sn the Schedule of Output Entftlement Shar~esattac.hed hereto for auch Participant in much Power Supply Year, as the eaunt may hereafterhe Increased In accordanc, with the provimdes of the Power Sinus Contract with conk Par-ticpant, mad (iI .thet percentage of tr.nuisnmblon. cerv€cs wh•c asisl be d~strmind 1by theAuthority duri[ng eah Power Squpply Yea~r to be allocabe to surch Yarticipant In accordance•with the provialona of Sect~on 809 hereat

(a). "Fuel'Costa" shalt mert'all costs Incurred by the AuthunrtT. durinar say Paowr Sup-pl•y Year that ae aliocabirn to the acqulsIl~ou, procuesIng, fabrcatlon, transportaton, deKvtr-Ingr, reprocesir, storage, and dfaposal.of nuclear materils required for thm~genersaon facli-Itlee of •ha Profrlt Including[ trmnd'ers to trvsee astablishad by the Authorily'for such costsrelated to fa'ture Power Su~pp.y Years, less credits reloaed to much coats applied Mm a~pprupr-eta In the dficretlon of the Anthvmt..

(p) "Parti"ipant" shall mnean the pliltical eubdlvlfun, which L a party to this Contrate."Parti[pants" shalt mean al political Bubdftlsious In the State of Georgia which own and op-•crate electr•c dlutrlbut/on systems to sems their citizens, Inhebitanta and cuatomoer by pro-'riding them with electric power and energy and which are parties to contracts with the Author.ty aubsanut~llly Identical to this Contract. The term 'Tazuclptaa" shall include the "Pa-

tlctpant," end (:hu ternu "a Part~cipant" or "each Participant" •5shal mean may one of thePa~rticipants or each. of the Participants. a the case may, be. '?Trticipsan" shall include any,comadaslo• or •agfCy of such political aghdi/luion which operates or conducts, or exerdesu1ur~sdlJon ovr= LU essentia! fntuion of the Participant's electr'[c distrbution system.

'I, .. ' .0

•(q) "Power Supply Year' shall me~n the calendar yrear, excapt that the fir:t ower" Sup-ply Year shaed/bein on the date the Authoriylis hamn obligation to provilde elect~ric power anilenerzyV a determined in szccorda, ce with tin. provisioes of Sectlon 1021, hrert.

(r) -"Proportionate Share" shall mean, with reaped to a Par'ticipant and a Power Sup-ph. Year, tht percentatge of the kilwatt or kilowyat hour., au the case maty be of eac t-7eof iervlce Included fn 8upple~nebta1 Buk'Power Su~pply wvhich eue~t Participant.•1 enxtitled toreceive end for which such• Particpant Ii oblligated to pay In each mo~nthi of a Power SupplyYear. With respect to kilowatts ruch percentage shall be o~btaned for each month bY dividing•the wsLdmum one-hour integrated coincident system demasnd of inch Particpant's Supple-mits] Bulk Power Supply provided by the Authority during the particular month by the maT,-imum one-hour Inttgrated colneldut system dem~ads of' Suppementatl Biilk Powir Supplyprovdede by the Authority to aUl the Psrticipants during that month. With respect to kiclowatthoinurs1 such paruntsie £ or each month shlssl be obtbined by dividingr the kilowatt hours of Sup-plemuntal Huolk Powelr Supply delivered by' the Authority to much Participant d.uringi thepatcu~lar month by the total kilowatt; hours of Supplemental Bulk Power Supply del.ivered bythe Authority to all of the Participant durlngr that month-

(a) "Project" chill mean those electric generation and relsted tazansral~on facilitieswhich are Identified In lie Description of Project and those transmission ajatemi fa~flltlea to

•which referenee Is made In the Descr.iption of ?trojelt to be acquired and constructed b7 theAuthorityr duringr the time prior to the Comnmercial Operation Date ofi the last tl tthe gener~t.-lair facilltier of the Project to be completed in order to meet tn. Auth~lrltya investment respon-

.e bllty durinr su'ch time in connection with any agresemet for an integrated Zransmtusson cys-toim to which the Authority may be a party in accordance with the provisions of Sect:ion 802hereof, together with. (i). any major renewals, replacements, r~epair., additions, bettrenattsend lml~rovemsnta neceasary, in tns "oplnlon of the Conaultingr Ent•4aee., .to keep the PrbJect:!,n grood opeatng condition or to p~reent a lou of revenues therefrom, (ii) any me, or add!-ions, Ennprwvement~s, repairs and mnodiflcations to the ProJect and an decomnmlulonlngls or'"

dispoalsll of the ]Project, required by any governmental agetncy hawing jr J~isdlction over tine.Project or for which the Authority shl be responsible by viritue of any obligatian of the Au.

* tizority arisng n ot of any contract to which the Authority may" be a pa~rty relating to owner-s~hip of the Pewiert or any" facility thereof, Cili) thou. treanmission system facilitla to which

* reference Is made in time DescripUon of Project and whilch are required, in the opinion of theConsultinlg E!!ngineer, to be acqui'red and constructed by the ,4uthoriky on or after the Coin-niercisi Operatiton Daste of the last of the gleneration fac~iiue of the Projec-t to be caunpletediin order to meet the Authority's Invethnent responslbility alter eaud Commerclil OperationDa~te in counnetion with lan agrreement for anilntegrrted transmisSion esystem to whiich theAuthorityv chaD be a partly in accordance with tin. provlison. of Section aot hereof, and (iv)working capital required byt lb. Authority during construction of the Projctc an for th lac-Ileinl of the .Pinoect In o~peration for providing Bulk Power .3.uplll~, intcludingr Supplemental.Bulk P~ower S0pply, to the Partid~psn.

t)o 'Prudent Utilit Practie' ca't a particular time shasll mean any of time practice.,method and acts engaged in or approved by a sirnificant portion of the electric utIity in-due try prior to such time, or any of the practice, m.ethodse and acts which, In the ermisle ofreasonable judglment In ilight of the falcts known atithe timue the decision was made, could hiveb~an expected to accompltlsh the desired result at the .lowest reaslonable costl consistentl withjood business practices, rellablUy, aafety and e.sped.lton. Prudent Utility Practice I. notintended to be imidted to the optimum practicer, mnethod ok act to tine exclusion of all other.,but rather t@ be a spectrum of possible practice, methods or acts havingr due •regar formanufacturers' warranties arid the requtrements of governmental agencies of competent

5

uJ p•zAnup pre pWdapu 'pazwp~fUO Vuo daisbd mq •jwq• •"A Lddn9 zaiocT IZI Uq '20$ 13-2pnK sq• •htaaq .pmpa.vz~ '1u~dpiiu tq• o phzlufllp sq u• 1•Ep'~ puq~op, q:• oi 0 l~uumu •u~ put mn..i AydnS .2;Mo,r qn J ZulUUaJq 0q; o; 1C1a( vL.p ui^L.-z4o; uvq tam•zau 4*i uvq; m! 3n•i •apip q'ouu jo ucdjtopu put uonulzupjrua• UI(• Ifl3M pu32ad usq; fuAz1.Xm1Vuy q -uminzd o• mm• Liu. ;uudp,4.rw aq• •lqojq ;upnf• a¶qi a; BujcpX bu~uE~-Bnt zo uzs,-awzAus .'lpaopt ql ;Upnqt mul rlnU' mruq Lu.l ;: YL*oqny 'in ol ;luiqni tUuq•,Cvm lu!zPR.ZL m• ".iw• -lddn• IMOJ qlis Jo ftUpUIUq•( eq o| .zo-:r inhp AlmU~u lute!lt qd.IHm~lg *;Lg v~UYuty aU)J•u1•• e o• ;lmqno put u.vdiacf IEb LI5I-qry U•

• " "a€mq 'tgIP Unfm3 ;o sumn; .q o; Qmrnund USUZIorZ

-na. uiq l oA r[dns .tmAoL l•g~f qonu 3o m'in PU! Lz.flu:p sit ;=e$p q •hx~u m.]lfliJpqumnut.wr.u uO~nj~uuu pu, uo~vu;ala 1• N~u'/•uluauuu pu 'ZuJ 1o 1Bu]..mjuprpV'103• uula~zlut uoa 'J1Z•Iuo2 Zuo/ralnbn iJUj'•au 13 'Z~u~P3!mp ',JhlfglURZU uu Zirtd .o;

moz snvi juqv ;uidp4,AwrI• Sil U1pUPTAO.d sq oi mrh:• sto rnpJAo. fl~qR.Clj.oqpy IrTJ

zoa~t j 1 U~s~O~ ~aMd ~fl2~ i~ q pt~ .2 31 oaf Uo 1pJoqn 10nr• l,

;utmdlub -o sil~alvut~ djl( •o u~mIqo ol l~ao•r O1 uol 210o 2410MU p•a!O •iopquo•j XaftAl~poqfl•y a3l JO LfljqtUJ 10 "UU~Us~nlG JO '•U'5e '1iiUmULO iq J ;o •U 'us~ o10 uofl~3flh-1UQS 1Io3ZIpr/ ztdod h~l•. 1p.2013 ltbU3UZUJU•o3 Jo urupzo put 'SUO~pUnUJU 'Wsp.2o •rOO•

l•q Eacnpfl! "jo'mutto 10 ;u;A.1d oq ;lqsuur ql £.nzainy m'• ouanI[;p sp • axu,.-a out Aqq•q •TinoqIy 'i• n IOlqlo .lfl puoL'•q aln• u2 Ant ,, ,. lmlououl (A)

;os-rwq 'SO; UojgOG7.o S0j ualo.• aqp4 q;~Upa*ao: .uj A/pi~jy •T4 £q ps~ddrts eq •jq it t=4Joz,'m q'1,.

.q~oxluo Ioio puxniwf' qAie•old U11; tit1 uOl 'pp~ld. uspaliuj lul i•u 'putl l~ ui '

0

0* S.

th. moat practicabla manner available In the Stecretlon .of the Authority. Am required fromlime to time during any Powe•r Supply. Year wlftar thJrt7 days nolice to the Partfidpant. thuAtrthmlty may adapt a• p•nendad Annual Syitern Budget far and applicable to such Year forthe remaidera of such Year.

Sectloz 20I. Report..

Thu Authority will pi~pae~e and issue tq the Pazllclpznn the fo~llovizi reot .eachmonth of the Power Supply Year!

(1) .Fi~snell and Operating Statement rejaitni to the Project and to the SupplemnenthlB•PawurSapply.

(2) Status of Annuazl System Budget,

(.3) StaI' of conitniction budget of the Project sluringr cosr,.zuction,

(4) Analy sit of operatfons relatlnr to the Project and to the Supplementa) B•ulk Powm'-

Section'204. Rtcords and Accounts.

Thze Authority will keep accurate rucord• and acconot at anr.i of the facilities compridsinthe Project and of the frasaaUone rtamlingr to the Supptemental Baok Power Supply as wellas of the operations •f thu Authority in accordance" with the Uniform System of Accounts.Said accounta ahall he subJetc to an annua .audit by a firm of indepenidaet certified publicaccountants experienced in electric Utility accounting and of national reputation to be sub-mitted to the Authority within slxty days atear the dlos of any Power Supply Year. "A!)trnsactions of the Authority relatinu to thu Prefect and to" the Supplemental Buslk PoewsSapply with nrspect to each Powaz..Supply Yuar sasll be subject to such an audit.

Section 205. Coiwu~tbn Engineer.-

(a) "/he Autharity Tf 3eta1" a •cosulting eniloseru to nusltJ, advise end make recoin-rnneatlons to the Authorit on matters relatingt to electric power guneruton, frans t eIn,power eupplT, electric utility operat~ons, ratas and chaeres, feasibilit and budgets and shallpause such consultingr engineer to prear within one hundred sad tw•enty days following' thecleose of each Power Squpply Year an annual eumprabanalee engineering report with respect tothe Profact und. to the Supplemontal Bulk Power Suppb' for the immediately preceding PowerSupplyFear which shalt co~ntain za capy of the annual audit and which shall fnadzda"

(1] A report °n the operations of the Authority;

(2) A report on the ma~msgment of thu .Prujeci;.

(3) A report on the suificienc o rates and charges for sevces;

(4) A report on requlremnerlt for futrze bul power su~ppb'(5) RtcornmerdatIfa ma to rchanges In operation and the making of repairs, renew.

ms,• raplatmanasnb extedelon., be~terznenbs and improveaents; and.(3 'A proimetion of the Au.thority's cotta of providing the Bulk Power 8opply to a~ll

Partl€ipanta for the eunuing five year period. .

(h) 52e Ac~thority s laglcasi a coy of said e~nginezg report to be deliveredto ea•Partclapant.

Section 206. Power Supply Planning.The Participant will keep the Authority addised on all matters relatng to thin Pari-"

pmznk'm power supply Pleanlnin Including bat not limite to load forecasts piapoedtas-•mission and generation additions and new delivery points.

Section 207. Diligei~cL. "

Thu Fartlcipant will exercise diligence In tih. operation of lbs electric are ni with theview of aecurizig efflIcleacy in kesplng'with Prudest Ut~lli, Practice, will construct Its fsdli-tits in accordanct with apeciflcatlon4 at Ieut e~aal to those precrbed by thu ~ational E'lec-tric Safet'y Code of 'the U. S. Bulreau of Standards, wdie maintain jimo lse at a tllu 5mn hasamfe operatingl condit56n, end willlopetemaid li nes in such tsnonnr ua not to Inte.fere un-duly wilth the op trattoas of others. 'The Pmartl cpaont will use decstaio service eqizmlly.froea t~ethree phase as nearly as poisibie and will maintain a power factor of 89.4w, lagging or michgreater power factor am uiy be arreed upon by the Participant In the light of guy other con-"trect between the Authority and any other ]psrty, and soch agremuent bt• the Participantshall not be unreucsanbly withhehl. "-

Section 208. Accm-.Participant will give all necessary pernalz-oaa to enable the agent, of the .Authorit to

aryout t•his Contract and wilt otherwise hambi ohec to appl¢cable terms• and coadltin., metforth In those tari/fs which afet the Patztc~pant and which are filed willthi Pj ederm] Pow-er Commiss~on. The Authorlty and the Participant ead• will] glee the othetr the r~llt to enter•the prenmasu of the othier at a'l| reuouablo.tlme f'qr the purp~oe of repairirnr or" removingf'ac~llties, reading meutersansd performing work incldental to delivery and receipt of BulkPower Supply.

At the end af each Power Supply" Year the Authority alzUtt determlna If the aggr~egate'amount paid by the Partinipant under Sections 307 mad 403, hereof, to provide recovery ofall the AuthoritYm o eue during each Power Supply Yea~r was In th•e proper samouet, aid,upon the maktingr of much determinatlon, any amount founad to have bern paid by the "Par-ticipant in a.ceam of.t~at artunt which ehoald haste been paid by the Particpant iball bacedt,-ed on the Billling Statements to 11am art~icipnt for the remaining mouth or months of thePower Supply Year next mucceedlng4 the Power Supply Ycmrfor~hleha.ch adjustment wmdemnterde to have been necessary. Ten pes~uat of the amount of an~y defdec~huallssd laadded to each of the unLt ten Rifling Statements. Zn the event that the failure oa• P artici'pant to pay It(s.Entltletnent Share of Annual Prqiqct Comat In accordance with- |ha PowerSatlt Contract shall have resulted in the application of amounts In anyv rustye or woridugrfund under the Bond Resolut~on t'o the payment of coatb payable from such reserve or work.

canion or p~ai taddtional amounts Imto much reserve or working fund, emonmta thereafter paidto the Authority by aUCa onopay~zsg Participant for appilcaUon to much past dun payments shall

.be credited on tha BlUingr Statements of such other Participants/in the next month or monthsma shall be approprfate.

Sectfon 210. Dleputed Ifanthly" BlUingrStatemmetl.In case any portion of anyv monthly- Billng Staitemnent'received by thin Participant from

the Authority, shall be In hzona 1ide dlapute, the Participant shmfl pay the Authoz:If the fullamount of much hmonthly RBUllng Statement, and, upon determtnation of the correct amount,

* *0

the difference between such correct a~mount and such full cmo~nn, if any0 wi be credite tothe Pazt•clpunt by th Authrty ale nucb detarminettion. In the evtnt such monthly ElI•lngStat~Lezet is I disp~ute, the Authority wil give conslderationtosuehdlaputea ndT will advisetha Participant with regard Lo hi Authority's pcaI~on relative threto lth'ha thirty7 daysfollowing written nothlicaton by• the P~erticipant of pici diaputi.

Seetion 211. SaurcuS of Pu~r~clpsn•'a Payrents.The obllgstona of the Participant to make the a~yments to "the Authorlt7 under this

Con-trct shall constftute general oblligatons of the Partldpcnt far the payment of whichthe full faith and ctedlt of the Pari~elpant chil] be and the cine hereby Is pledged to providethe funds required to fulfill ll oblgatlona arising under t/h;. Contract. Unless suc paymentsor provdsfons for, su payments shall have been node from the rev.enuer of the electric sya-tom ok tbi Partcpat or from other funds tbereof• thi Pamrtclpant will annually. In each smlevery" flacal year .doring the ter of this Contract Include In its general,'revenue or appre-

'priatfon messur,, whether or not anmy other items are Included, sums sufficient to Usatsy thepayments required to be made In each year by this Contact un~til all paymnents requlresd un-der this Contralt haveabenpaid in full.'In the event for any retson any such provision orappropriation is not made for a fiscal yeax of a Part/c•pant, then the chief fiscal officer ofthe Participant shall, je accordiane with the povoiaion.a of the Act: In effect ta of the date ofthis Contract, set up as an appropriat, on on thet account, of the Partlclpsat in each fleculyear the amounts rtq'uledWt pal' the obligatlou's called for under this Contract. The amount ofthe appropriation In much Hiscal rear to mist the obligatons.of this Contract shall be due andpasyable and .she1/ be ixpended for the purpose of paying and meeting the obligtions providedunder the terms arnd conditions of this Contract, and such. appvoprftaton shill have the "sarn

•legal status ~ LI t/he •art•cipant had inc~luded the amount of the appropriation In Its generalrevenue or appropriation measure.•-

Section2,12L Rate Covenat.The Participant wILl e~stbiish•. manstnin and collect rates and eharga for the elect•4=

service of It, electric system so an to pro .fde revenoes sufficient, teguther with aieflnble elee-tric system resrves to enable ihe Participant 'to pay to the Author•ity all aounts pasyableunder this Contra~t an to pay all other amounts pa~yable from azmd all lawful chrgesagainZJstor liens on the revenues of Itt .elebi sytem. -

.ARTICLE III

ELEOTRLIC POWFER AND E.NERY

pRtOM T• PROJECT

Section 801. Own ru ip of Pro jctL

The Authority will isaua the Eonda In series 'from time to time wider the Bond Ruesohu.tion to finance and shall own the Project consfiting of the Authoritys ownership Iterest Inthe g~enerUtou and frmnlasl/on fac~lities described in the Description of P.roject atta.hadtao this Contnas and w~1ll cause to be d-lfrared to the. Pa.rticpant during each month of eschPower Supply Year its E.nttlement Sharp of the output and. services of seeb faciliy of theProject far the usful life of eac such facility of the Projec.t.

SectiOn 302...Coste of Generation iand Ttunzm'lsln.lit Facilitie Comprsig t:he PrOject

(a) Those generation and traniun(son faclities comprising tlhe Proloct will, for purpse

U

generatiOnn.! rlir-te' twnmisson laciUtleg, and (ii) tfrsp~Wi~1ofl sste~m fs1iut•

(b) 'Thse Aquth•ou itl'acoata of providing to the Partiepante thel En~t~tmunt'Shares of•such gart.nilou and reiated trnm/on'fscdUfm as are inluded Sn the Projec will ha a-..counted for usdeacs'bedl in Section 50.(b) hereof, and

(a) T1'11 Aiathouitys'osts of providing to the Partlcipants thefr Eaittlemen Shusm of suchtranhuilualon system acil~tue us ae Izi.ciuded in the Project will be -,counted forua descri'bed lIn.ection 206(c) hereof, and will be determined u followt.

•(1) Suc.h Ixasmbsaion system facilltiel s us areInludad In the P'o~sct wml 1he scquired••by the Authority from time to timi fez the term of thi Conkact through part•€ipat~on

In mnn nsegiutsd trensrlselon system apeeanent with other .utULtrs..The Authority'sIruet.uient rpouaslillty in such txnaum~ulon sysm facilite for an, lower SupplyYear will be that perksntage of the total/investzuet in thu combined trnawslntmuosysem :critle of Uhe Authorit and such Othe utilities obt.alnud by divding thedemand of total Bulk Power Supply provided by the Authority' to aU the Puiutlcipantaduring such lower 5upply Year by the cormbined demarnda of the Authority and suchother utllitias during such lower Supply Year and expresing the res.ult as st parcntap•.'The Authority's ruaponalbl~lit for annual capital €ost relating to renewasb, replace-ments, repairs, .editlons, be.ttrgur nd- i mprbsumzm~t to and for annual openers4;gcosta of such trasnmission system, Ibr~litleu for say Power.Supply Yes: will be the.annual capilal end operating costs Incuired by ths Authorit for sutch facltlus.

* (2) Zn the -vent the A.uthority zasumes responsibllity for t~unsmisson of the Paitict-punts' -llotm-nts of SE.PA pawer pursuant to arrangemenis" for which provision Ismade In Sections aoa mud 804 huzwco£ that Authority'p ruontalbily for rnvestment In,and annual capit-l and operating costs oe. such tusnammslon system'I acilltlea acquiredby the Au~thority frora time to time through purtlcdpatief in such Intalrated treas-mbssion system agreeaent may be Incrauedl. The Authority"s investment responsibilityIn such inc,.esad traumnlsluon system facilties for any Power Supply Year wil be thatpezcentzp "of the total Invtstmetnt in the combined ts'srfswision fac{/lties of theAuthority end such other utK11ties obtained by diwidng, the deand of such HEM•power plus the deamnd of total Bullc Power Supply provided by the Authority to 841the Paricpants during such Power 5upply Yetu by the combined demanns of theAuthority anid stuch oilier utilities during suc~h Pewee Supply Ymar aund expressin theresult as a percetage~. The Authority's ussponslbltliy for aroual cspltal costs .L-lItizgrenewals, zuplacemehta, regain, addit~ons," betterments mdi Improvsmenta to und forannual operatng costa of such Inr~ceemed binnnmloun system faciliti, f0r any PowerSupply Year will .be thu annual spataten rd operating costs Incurred by, thre Authorityfor such faclties. "'"" "

Suction-302. Thlueronnaction A~rrnzmeznenb,

The Authoriywill purchaue'or provide sjrh grtnerallng capcicty• reserve service. frauu-znleeont serviceP maintenance searvice, emergency service. ecounn)" Interchangear l'v•ie audothr Interdiange service asociat:ed with the Project as nay be nmuceraa for th reli-ble and.coram/lal Jsupply of the outp•ut and servicesq of' th. Preject su will cau~st be]• deliyerud tothe Particpant duringr each month of the Power Supply-'ear Its E-nt~tlement Shotre of muchoutput and aervicas. The Authority may use electric energry from the Project which Ia avt"p u.wto the requlrtezints of th. Part~lclpnnts, as such srlu•p1s maty be awdlable from Urn. to thUfor thu pUrpuse of eecrouy Intorchange service or other luterchsang asrvig. with others,and soy net revenues received br the Authority for any suc aetrcee Shall bel credite tothe Partlcfpanb by the Authority' fn proportion to their EnItltemreut Sharea.

'10

Section 204d. Operat..on aid Mul4nlunuzice.

The Authority covmnant. and agr-,, that it will operate, manta~in and manam. thu Pro-ject; or- ka~se the saue t• be operated, ma=[ntained end nanazed. In an dfcien~t an.d econom-teal maimer consistntan wth ]Prudes| Utility lPractice.

Section 105. Insurance.

The .Authority ushall maintain or ecu.. to be maintained, in force for the benefit of theparisr herto, as ther jitirest shall appema, ua Costs of Acqaimiion and Construction or -anal Pro jet Cota such insurance with respect to the Project a.m shll be avatiable aid as isusually carried by utilitias constructling and operating generaing' fsa.ctlu tie b In the ass o,,uclear generating fac[Iitie, iot less than will satisfy th. requirements of Federal and ethtmlaw and the l•.udemr Regulatory Commission regulations and such other Insurance a s Ia na-ally card l by eleebtdc utilities In co~nformity with P~r~uent Utilitty Prctie.

Section" S06. Charges and BUlilingsJ for Lhe Project. -

(a) The Anthority will esotablish fair and nopdtlsc Ilnatoty chargles for afl output andservice provided lby the ,•uthority to the Participants relatingr to uack fad~lity of thu P'rojectdesisted to reove~r all of the A4uthority'a c~osts allocable to much facility conimanrnr'wlt theCommercSlal0peraUon Iate of such fadlity or the data to which interets hau been capializeldon Bonds alocble to much facility. 'whichever Ia the urz~er, as set forth in the Annual SystenBdaisgt, or the amended AJmiga! System Budget adopted by' the Authority puizaunni to Section202 hereof, and such costs shall Include Annul •Project Costs.

• (b) The Annual •Project Costsa allocable to theguneratfon and related'tansmulaonfseil-itiem. of the Project shall include at; leost the fo~low1ir Iteni of costs and espbesso:

(1) "Annual PFrojectt Generation Flied Charges," w•hidh ;nes.:

(A) the'amount 'which the Aquthority Is required under the Bond Resolution.to .pa" or deposit into any fund or account estsbllahed by the Bond Rusolutlan forthe payment of Deobs Service and any' re~serys reqtuhrnentm for Bonds which.S anallocable to (I) thu generation and rslated franamlaslon facilitias of thu Project and(ii) the worldug capita) whic Is required by the Authority fur providingr Bulk Pow.er Supply, Including Supplemnental Bqulk ]Power B opply to the •Partcipats an whichIi alocable to the generation and related1 traazsmlaaou facilities of the Proj•ect;,

"(B.) th•e Iomotoat (not otherw~ise Inl|uded under any item In thi Section 805 Cb))s.ocab to the gleneration, and re.lated trasinisalon failti em of tha Project whicthe Authority Is required under the Bond Besohuilon to pay ow depoait dujing• auch

•*Power Supply Yeau into any other fund or account 'stab]/ebtl by7 thes Bond Beachu.-tion, and shall Includt, without: lImi(taon, any much amounts requiredl to ezek up

any deficlonc'i In any reserve fund or w'orkinir fund required or permitted tu thaBond Resolution resulting from a default in paymeua by any, Participant or Par-tialpants of amounts due under iti or thefr Power Sales Contract.s with the Au thority;

*. (C) amounts which the Authority is raquicud under the proviaioah of the Bondlqeslution to par or deposit Into a reserve" for renewals nd replacaetntal

(CD) amounts which must be realized by the Authority for coverage of D~tbtService am may be required by-thu Bond Resolution;

(B[) amounts which nmust be set aside by" the Authority for the retiremant from

11

euie eoulsol~.or d~plof th"e gerati.o,. facltes,. of hePojc s..may be required by the Bond Resolution;

(F). amunout, which must be paid bY the Authority for the purcbue of irenerat-lng capacityi r-eservus flor the Project; andei• (3) "amounts which must be paid by the Auth~orit7 for the purchase of trhlm.a-m

efo s•'fe or heProject; anid -

(2) 'Cther Anniuai Proe~lct Gener-tioni Coat, T whilch moons:

(Ak)" afl coats of prod ucilnil n4l delivering electric power an senu. i from theProject and providingr the Participants' Enfftlement Shire In.luding. but uot Umftedto, (I)' Fuel Costaensd other ordflus" operation and maintezui'oe costa sod prowl-atcoa for reserves therefof, admlnlstatntve mod gensxul costs Insurance, overhead andanyj chug' payable by the Authorit- in connection with the output of the Project,(ii) net costa of scheduled, emergency., econony7 or other Interchange up-who Incur-red by the Authority in connection nith the Project, and (Ili) all operation and main-tenarice costs related to the operatoIng and codudcting of the busines of the Author.ity Includingr salaeces, fesa for legal, engineerfng. and other services ,md anl otherexpenses +properly .rela.tad to the conduet of the dfalr• of the Author•ty; and

(B) amo~bnt required of+ te Authority by the provisions of the B~ond IRaolu-lion t. pay the'coet of or to provlde resres for (i) elirordlnazr operating anidrmaintenance coits including the coist of schedule4. ewerigenoy,.or other interhangesorvice an the jirevention or corecliton of any unusual loss or damaile to keep thege~neratingr faeiUUes of the Pro ject in good operatingr condition, or to prevent a lossof revenue therefrom, (II) ansy major renewab, rtplaceuenta,'repalra, addltions, bet-t.rcnet•e and lrnproveomezta neceussry, In the opinion of the Consulting Engineer, to

. kep the genraerting faohlltiu of the Project in good operating coodition or to prt-went a loss of revenuu therefrom an• lifi) any ma, or additions, lmproveznsnta, re-palts or modificatlons t0 a'ny such gunentlug fadility, or any devonimlsaoolng8 ordlspoasls Of any such generatingr iacllty, required by any governmental tageny hav-fnrg juriadlction over the Project or for which the Authorit sa1~llbe r~ponslble'byvirtue of any ob~lgaton of the Authority arising out of any cont~act to which theAuthOriy may be a parti relating to o wneahbl• of the Project or any"facility there-of to the entent that the Authority Is not rulmburad'th~zefor from the premeds ofinsurance or fqndse for sudi payment are not availabl to the Authority th.erefarfrom any funds or accounts established under the land PResolution, or Aioda for suchpayment are not provided or to be provided by the Isuance of additional Bondspusuant• to Arltcle V of this Co'nirsoL

Project absoi Indude at least .the following Items of esb and eicpenae:

(;1) "Anneal Project Transmisston Flied Chargies,' which mea.s:

(A4) the amount which the Autlhorlty Is required under th Boad lResolutionto psi" or" deposit Into. anyr flnd or account utatblished by the Bead tlleolutlon forthe pay-ment of Debt Service and any rezorye requirements for. Bonds which areallocable to (I) the trananalslon system facliltisa of the Project and (iI) the worh-tog eapital which is required by" the Authority for providing Bulk Power Supply, in.chiding Supplementall Bulk Power stupply• to the Particlpants and which is allocable

•to the tranumlailou s~stem faiclitles of the P~rojfect;

(3) the amount. (not otherwise inclod ed underancy Item ofthisSetlou30Og(c))ullocabte to the b~anamnaalou system ticiiltles of the Project• which the Authorlty Iarequired under the loud Resolution to pay or deposit: durinr suc Power SupphyYear into anj other fund or account, eslablshed by the Band Rusoluton, 'end shalllnclude, wilbout limitation, any such smnouuta required to make u'p asl deficientyIn any' rMeses ftnd or worklng fund required or paermted by the lond Resolutionresulting fr'om a dufabit in payments by any Partisipant or Psxtidpanta of amountsdue under its or their Power Salem Contracts with the Autority;

(C) the amount which the Authority La required under the prorimions of the" Bond iResoluiloz to pay or deposit Inte a reserve for renewals and replsoementa; and

(1)) amounts which must be realized by tha Authort for coverage of DebtService as may be required by the PBond P~uoloianm and

(2) TMOther Annual Project Transmission Consb," which means':

(A) antennts for ordinary operation and znalntenance coets, admfnsta~tive andgreneral coats, Inauranee, overhead, and any- other ehazres payable by the Authorit'yin Connection with such traznsmlasfon system faclities, Including cli credies due to•Participant. with respect.to delvery point tansmslaslon facilities; and

(B) amounts required of thin Authority" by the pr'ovisons of the :Bond Resolu-tion to p.a, the Costa of or to provide reserves for (I) e~xtraordlnary operation andmaintenance eoast• includingr the prevention or correction of any' unusuael lose or dam-age to keiep the tranamlulon syets• facilltfes of the Projet• In good operating con-ditlon, •r to pretnut. a loss of revenues therefrotn, (fiI any major renewals, replace--.wants, repair, additions, bettermnts and impruvements liecessary, In the opinion othe Coneulting Rragineer, to keep tba bsnamlassfon system tsfelitles of tie •Project•

ru ood opurattnz condition or to prevent a loss of rerenuca thererom and (111) anymajor. £ddltionI, rnipravemente repairs, or modllcatlon to any such tran.•umlaaouifaefllty required by any zovernznntal aleney harlngr jurisdicton orer the Project orfor which the Authority shell be responsible by virtue of any obligation ofth•e Au-thority arisingr out of any contract to which Ilie Authority ina. be a party relai~ngtoownezahJp of the Project or any fclljty thettof to the extant that the AuthorityIa not ratlubursed Cierefor f.rom the ]proceeds of Insurance or funds for. much Ps~r~zent are no ava~lable to the Authority therefor from any fundi or accounts esafb-fluked under the pond Resolution, or funds for such payment are not provided bythe Issuane of addilional Ponds pursuant to A~rtilea V of this Ccntract,

(d) T.o Authority ahall bill the Participant eac month during eich Power SupplyYmarhi" providing the Participant with a RlBinr Statemnent fdr auch month in accordance withthe ch.rges established pursuant to the provislona of this SectIon 806. Such Blling Sttemmentehsfl set forth, 'a~mn, other things, t:he anus to be paid for msch month by the Participantfor fts Entitlemen' Sh~re of the Project output and aervces, and such sum shall equal thePar,'Ucfpant's EntiU~eent Share of that ensount of Annual Project Cuts, as eatlimtad In thethen current Annual Syota Budget which the Authority is required purquant to thu Bond.JleoluiUton acc •rue, pey or oat asdes duringr each month. Such m~onhly U•filla" Statecuent"s"alt Include a credit for such delivery oiant traninfsaion farclltiea asart owne, flnanad,or operated by the Participant, end such :Billing Statement ahail be paid by the Participauton or before the tenth day fru-o the data of such bf]ll Amounts due and not paid by the Par-ticipant on or before maid dqy uhail hear an additional charge of one and ona.balf percntn permonth until the amount due Is peld In full. At the end of' each •Po.wer upply Year," adjust-meets of blllni ehali be niade In accordance *vltli Sect~on 209 hereof'. ft the Patifcipant pays

lesa than the full anmntn: due with rupect' to a BUlr,,r Statement, the partial pay~t: no ze-ceroed shall be applied firet In diicharge of the ]Partldpanrs obrlgton to pay !!o ]•titemenatSh, o• the Anual Project Costa am provided knthsAxticis emba 8 Maey X~•fr~ suchpartial p aymntn lure applied o. •th discharge of the Partldipau.t'a ob~llzt~ona uudec the prro-viuiona, of Ar+ticle IV herof.

(a) At "such tinges um the Authority Limuew aiddtlonal Ponds In accordance wit, thupro-.visions of .Article V. hereof, the Authority will Increast such elemntsn of Amiuel Proj ea Costsu ar fletenr7 and the Partidcpant ebali pay. l1 Ent~tlem~t Share of much Incrnaaedcharges p ureuant to the provislaos of Section 207 hereof. +

Section 107. Frauec :EnUtlemeni aidnC Payment Obl~rgatlons.(a) The Participant shill be entitled to receive Its En~titimnent Shor~e af throutut end

tranomizslaio servfces of the Project mad of all" aeruices provided by the Author+y En mc-cardages with the provtisons of Section 808 haeaf, m may be available for th. uedui lifeof the Projet.•

(b) The ParUticpant ealul pay Its E~timoen•t ShAre of Aarnual Project Costa Eat forthin the monthly' J2iftlu• Statemwbs aubmittad by" the Authorfltjto the Par.'Uipan In accori-,-rica with the prowlsi ons of Setolon 806 hercof, whetther or not the Project or any part there-of baa bean completed, La apgrtinig or oprasble or its output Ia suspended, Interropted, in-t-a'tered with, reduced or cutJiled €r terminated in whole or In pert, and auth paymentsshall not be au~blsct .to reduction whether by offset or otherwium end ab~li notbe conditin-" a] upon the penfrmo:ahct or nonparfrorn~azce by anoy party0 afls7 agreementn far'•y causew•hatever.

Sectap 808, D~elermfr'Uan af Pertlcipait~s Enfltlemeni Shrers of. Tm-namiuloa Syste si Psdllties Indulad In .tha PJroJect.

(a) With respect to trnamiaslon system :facillUes Included lin the ProJect, the Entitle-rueni Share for each Participant to be determined by the Authority four each Power- 8Sqily"Ye as haftd be the petqeninag, a~otabie to the Part/ldpant of the trstnuzanllon aazdra providedbytue Authort end of the costs incurnedh y the Authorl• yreJathgto auchtrnuinmslou qntentat flieu em era acquired by the Authority from tires to time fo• the term of thi Contractthrough participation .Ien-, integrasted tranaimiin on myte agreement with other atilUes.Such percentage ihill be detaunioud by the Authority. by dividingr the avernre of tha opnhourintegrated coincident cyaten de,,ands for Bulk P~ower SUpply provided by the Authority tomuch Pa-tlcpant durIngr each month of mlucP., ower Supply Year by thus avtraes of t.ha one-hour Integrrt~eilcoincident cyit.em demands of total Bulk Power Supply provided br the Air-thority.to •nil of the Parttcipant ductsin eac oneth of such Power Suppl•yu Tez n ezprmeningthe result aS a percentag, so that, when all of muchl En~tilement Shares ma compoted by" theAuthority are added together, their murashnllbe ont hundred. Poe the purpoee of mchd cor-..pirtatior,• the one-hour interval skhll be the hour durIng which there .hf occur~ the in~eniiuione-~lnour integraed coinc.ident sysem.: demands of toal• Bulk Power Supply p7rvvided by theAuthority to ilL of the Parti€lpantm.•

fb) In the event the Authotity assumes responstbilUt fort rau~mhalon of the Pasrtic*panta' allotments of SEPA power pursumat to mrrnngtminmn" fo: irhich proudsanis I,,,ade InSections S0S ond 804 hereof, end such responelbrltr ruuita In mi Iscrease In the I-vetm~entIn and annutal'operunat cois- of such tbmnmmlasion syalain facllitfes, the Zntltiment Sharefor each Particlpant to be dete rmnded by the Authority far earh Power Supply "Tear elial] bethe percentsg el/oabte to the Pa.-tcipant• of the transmamluau seivicee provided by the Au-

• 14

thiorty and of thu coats In ied byv tb• Anthorit), relating; to sch i.ciiusd rasponalbi.itT,Such percentage DILs]! be determined by) the Athority by dividing .thu averags of the orn-~hourlntagmtmI coincident syste dt minds of such SEPA power plus the damanda of Bulk PowerSupply provided by the Authority to such Participant during each month'of such Po~wer Sap-p1T Y.CT br the average oia-hour Integr-ated coincident sytemu de=•auds of SEPA power anddemans of.totol Bulk Power Supply, providtd by LbsAuthority to ill of thet Partidpanta duringr.the sims one-hour" interval of each month of such Power Supply Year and ezpreulng th. re-salt us pereentage so that, when ill of such Entitlenzent Share. so conmputed by 'lii Authorityare added together,. their sum ahali be one hundred. For the purposes of'auchcomnpoatizm, thuone-hour Intte-vs~l shall be the bour during which there shafl occur the maximum onebour Into-gtated coincident Sstem demands of SEPA pow~or and demands of total Bulk Power Supplyprovided by the Authority to il of the Partldpants.

Ce) Such En~titleent Shares of tran~smluion system facilities included In the Projet•shall be esqtimated by the Auth~ority prior to the beginningr of any Power Supply "Year aodsuch eaiuatmats'baU be set forths In the Annual Syvstem EudgeL Rrrj/slons o( such uatimatadEn~titleent Shares shall be made by the Authority at the end of audli Power Supply Yearbased upon much 'yatom demands as actually experienced and the Wllingu for~such Pavu Stap-ply" Year shall be adjusted by, the Authouity accord~ngly,.

Section 309. Pledge of.Payments.•

•All payments required to be rnedt by the Participant pursuant to the pro•'fsion. of thisArtdefl€1I and all other paymmnts attributable to thu Project or to the Annual Project Coststo 3e made In accorifnce with or pursuant to anyv othtr provision of this Conbsct, shall bepledgred to securt the paysmeut of the Autiaorit~y'a Bonds

Section 310. Pay)ment u Olpenrzng Expense.

"So long a, eliteic power and tnesgy shall actually be receiwud b), a Participan fromz any,facility or faclitie of the Project, the Particpan~t's Entitlement Share of Munalsz ProjectCosts shill be paid by, th~e Partcipant as a coat of purchased electri4c power and energry for-Participant's electea system and us an t_-pense of opertion and inifnt~enmne thereof.

Seti~ton .IU, Credfts I. Annual Project CoiL

flu Authority may, pursuant to thu Schedule ci Entitlement Share sand perticipaticn Inan 'ntegrated transm~slfOn sysStem agreemeut with oilier., for which provisio Is.ad in See.tion 501(c), heruo, ctell thu output and services of facdlltes Included in Lb, ]Project to otheruffitlee. The anticipated proceeds from suc~h aisl shall be estimated In the Annual Syste~mBudget, and any net revenues actually receivqd by the Aut~hority a the reumlt of such sales toother utilUtie dur.ing an month of the Power Supply Year shal he credited to the Partic-panto In proportion to thei Intutiemmnt Shares In the inonthly Bllingr Statement for tb.followtzuk month.

Section 12. Sale of E.zcesa Particdpant's Euitlllemtnt Share.In the" evpnt the Participant shaUl determine that all or any part: of the Particlpant'm

•Entltleinent Share of the output and service. of the iune~ratinafracilities of the-Project ar Inexcess of thu requirements of the Parf•.lpamLi, the .Authurlty may,. sell and transfer for any,period of tim. all or any part of such excess output and servces to sucb other Pserfdpantsn shal1 agree to take such exess output and services, provided, "howuv.r, that in the event

the other" Pa.rtcipants do aiot agree to take the entire amount of such excse,,.the Authority

• '" 15

N 0.

.baU have the. righbt to dispose of such esecs to cther ut~litiu. If al or sau poralonof ouchexces of the Parddpant'u Entitlement Share of ogtput end srices Is sold11 puzinant to thisimetlon, the Participant's Eatitlement Share shkul not be reduced, and the Participant sha~lremain 11W.~ to the Authorirty to pay th- full amount of ita Billing Statement as i• such salebad not been made;1 ~sTept that aiels liabilit shall be discharged to the .tent that lie Authori-t'y ehall receive payment for such e.cta output: and uervces frop the porchsaer or purchaserthereof.

ARTICLB- IY

SUPPLKMENrTAL BULK POWER•8UJPPLY AXRAN•GEMEN"

Sectffon 401. Supplemental Bu~lk Power Supply Proyidid'by the Authority.

The Authority will provide or cause to be provided to th. Part€dpsnt it• Suppleezn6.lehBulk Poeri Supply daring each month of eadi P~ower Supply year. Such Supplemental sulk:Power Supply ma? include, but shall not he' limited to, puitlal and faull requirements firmpower purohesa, and unit power aervi.e, firm and nsonfirin capo~te mm endseray manic.,teraimhusenu aeruici sad other interchange arvk, made aum~lale U = rv~i of ta8sac."tlons with other utilities. 'The coeb to the Authority of eleciric power and sneaiypurchulaaby th'e Authority frons other utilifles based upon tariff. flied by sush othr utOll/es with theF'ederal Power Commission will be directly reflected lIi the monthli Bflhlzi St~atement to the

.Palclpanl Such montbly Billing StatemeJnt will Include a credit for such deli very pointt=an:axLlo5 facilites as are owned, inanced., or operated by th Partfdpa.i.

Sectlon'd02. Cb~rzm for Supplanental Bulkc Power Supply. .

* (a) The Authority will establish lair and n aurcrlmlnalcry eharges or all servicesprovided bi' the Authority to the Participants relating to the Supplemental Dulk.Pawer Sup.plyv of tbe Partfcipunab desivied to recover all of the Authorltye coases of snqul-zqr. financial',operatini and main tainiur such Supplemental Bulk Power Supply an such coats are set'.rothIn the Annual System Budget or any amended Annual System Budset adopted by the Au-thority" peduant to Section 202 hereof. and such coats shall include Annual SswlekmtnW Coatsas defined In Bastiona 101(c), hereof; and

(b) The Authority ahall bill the Participant etch month during each Power Supply Yearby providinlr the Participant with a Blillair Statement accordiung to the charges autabllahedp ursuanit to •he proylsiozs of this Section 402, for the cervices uupplled Io the Partifcipant bythe Authorit am aet fortb• In Seotlion 408 hereof," and for the coats Incturred by the Auotha•"yas set forth in this Section 402, end such bill abael be paid by tha Participaut on or before the"tenth dy" from the d ate therdof. Amoujita due and not paid by the )P~utieipmnt! on or before saidday sal~l ber an additional charge of one and oue.lialf w•tent per month unti the amUnt~ldue In paid In full.At the end of each Power Supply Year, adjutetnsets of billinrs shali bemade In accordance with the provlulona Of Sect~on 209 heraof.

Section d0l. SuppleMental Rgul~ Power Supply Taken by tha Partlipant:The Partiripank shall take all of I'tr 8uppleraentl Bulk Power Supply-f run the Authority

sand shall pay to the Authority the Participant's Pzoportiontae Slhare of Annual SupplementalCoats sat forth In the monthly BiUltig Statement submitted by the Authority to the Partfd•pernl.

SecUon 404. Altsrnate Supplemental Bulk Power Supply Resources.If the Partldipt duurns to procure an alternate sourte af supplemental bulk power sup..

ply other than that provided by the Authoritye the Participant znay do so under the followingturnS and condit.ons•

(a) In no event will the Participant's Entl~lement Shar at the Project be reduced, and1the Partcipant Wil cnt~nue to be obhlgata4 to pay Its En~tlemwt bShar at Annual Project'Costs;

(b) The Participant will enter Into an interconnection agreement ilth the Authority torranarves, emisnZmCT, economy. scheduged and other interchaup service, the tarma and coudi-tross of which will be similar to those contained In Intercounntc~on srrangmnentb betw•eetha .4thority and othm.;asn

(e) The Pxtlicpan• .will give uotice to the Authority of its intention to procure suchelturnLta ouorce which will relieve the Authority from Its obtiatizon to provide se-vice equli-aelet to such alternate source. Such no:c wil be at 1ss the following:

(1) Twe years if such alternate source equals 20% or less of Partidpaneri total peakdemand les SEPA power and Participant's -n~t~tement Share of the output and servicesof the gen•eratifng fac•ltie of the •Project;

(2) Thre years If euc~h alterns~e sources equals more than 20 7• bqt not pester than30• ci Particpant's total peaks dizuaxid lm SEPA power and Partipant'u EntitlementShane of the outpiat and ser~rtce~s of the gtenerating tid~uesiu icluded In the Projects

(3) Five years if such alternate source equals more than 20% but nt; greate" than40% of Participant's total peas• ,tema~nd less SEPA power and P-rt~kci'intf E lntitlement

•Share of the output.and services of the ge~nerting .ac~lftie of .the p'roe-.t; -(4) Seven years If auch alternate source equals more than 40%• but€ not greater than

60% of Participant's total pealk demand less SEPA4 power sod PaxtUcipsnt's Entitlement"Share of the output and services of the'generatinl faciities of the ProJt;

(5) N~ne years if such alternat, source equals more" then 60 % of ParUlticpnt's totalpeak demnd less SEPA. power and Part~iclpants Entitlemnent Shar, of the outpu~t endservices of the geenerting facilities of the Project:

Provided, however, that+ the Authority and the Partic/pant mar mutually agree to a noticeshorter then any of those prorldnd.above If n•o burden or coat would be Imposed uponthA4uthortty es the result of such shorter notice.

Sectfon dO0. Interconnection Armrngerente.,?he Authority -ad .th. Participant may mutually agree to enter.fnto intereounectdou ar-

rengeinentJ far r uerves, emergency, economyro scheduled an.d other Intacag service forgeneation and tral,,snisslon f.i~cllt~la owvned by the Participant on the effective Oat.ofa thisContrirt• the terms and conditions of which arrangs~ents shall not he Inconalatet with'theproviaouis of this ConfrteL

ARTICLE

' ADDITIONAL BONDS

Section 51. Zasuenca of ALddctonsi Bonds..

(a) Additional Bonds ,may" be sold and es~ued by the Authority En accordance with theprovisions o the Bond Resolution at any time and from time to time In the evwet, for any

1'7

reumu, the preceedi derived froca'the sal of the Bonds •lnt validalted piiraomst to Slim pro..vluoua of the Act an of this Gontrot shall be Ivnu~tlclent for the purpose of comp~leting tbenl Iaidflltle of the Project sad plsacin each ficility thereof in Commerda OperaUon In-

cludini the completion of those (:numnu~ou system fadlitlea to be ecquired and construcbtdbyr tha Authort prior to thin Commferdald Operation Data of the last of the genpstlnr'fadfl-Ulo of the Projedt So 1e ciaplited In osier to maqt the Authoritye Inustmmnet rerpozisfbmtydurin such period In connection with any agreemant for an Integrate smlion systenm towhich the Authorit may be a p~rty In accordance with the provtslona of Eectloo $02 hmruoL.

(b) Additioa o nd Bm abby be sold end Iw•e by the AothorikTln eccordanca wi~th thuprii-vdson• of[ th Bond Besohitlon at an~y tlime aud from time to time In the event fund. m re --quitet! to pay the cost of (I) any ma, or runewala, replucenienl, rep six, esd~ltious, better-mnias or Improvumente, to thme P~roject neesajy, in the opinion of thu Cnmuiting Butnaar,tkeep the P~roject In good operatifng cosditios or to prevent i lo.s of revenues thmfratu.(H) any maj or additions, lmprovumnbt, repairs, or niadlfloatfona to the Pzro~ect, or an do-cam jouninp or dlepoiels of the Project, req~uIe by ii~y joean~tal agency 'hainjiwfadictlon over the Project or far whic~h the Authority shall be rewpnslble.by v•-tne of anyob~l•atOn of the Authority arsng out of aoy aontr--~t to which the Authority' may so a partyrelatng to ownership of the Project or any facility thref or (iii) reload fuel for each gener-ation facULty of tim. roject in any Power Suppl- Year to the ".Etent that suff~iciet funds arenot avalalsbe In asny reserves utbblfahed by the Authority fr Fuel Coats 'provdadm however,that no such additional Bonds may be Isuesd f[or the parpoaa of add.ig a~ddtiona ze~naratinuelts to the Project.. (c) At aur• tUse as funds may be required to provide funds in ea~ess of thoas provided

foathe sale of the •onda first validated pursuant to thu Act and this Conteat tu meet theAuthorlty's tnravutumet responafbl~t In connection with Iie agreemeet to whichb She Author!-ty may" be a. party peorldlng f[or an (ntuurated fransuaalon system, In accordance withz theprovmaona of Section 802, •hemf, the Authority noay provide suck funds s .ay be necehaaiu7thorufor by the lasuancs of additional Bonds.

Cd) Any such additional Bonds shell be secured by asaiguent of the payments to bema-de by the Participants pursuant to the provislos of Articl II of the Power Sales Coo.-truta, Incuding pay•mets required to be made under Article III of this Contract, and all oth-er paym~ents atlbutabte to the Project or to thai Annual ProJect Coats So be md Lu sccord-en'e with or puaruaunt toeny• other provision of- this Contract, and auch other Power BeltsCoatnacbs, as curb payments may be Increued and exeded by reaso of USh lietiaca of[ ea~hadiiltiaiz Hoods, and such additional Honda J=5y be Issued In amnounlts auflleint to pay thefull amnount of such costs and auffilen•mt to provlde.auch r'seaarees marny be reasonblyr de-'tarnutnd by the Authority to be dks~rble. Any such additional Honda ssused In accordancewith the proviuions of.this Section 501 and secured by ass~lgnment of paymeats to be madeIn accordenca with the provisons of thi Section, may rank Ipart pasu as1 So the securly .1-forded by the proytulons of thi Contract and of .11 other Power Beale C'sret between theAuthorei" and thue Partlzlpstb rlati~ng to the Prolect and to the ssunance of Hosdh thereforwith all Boeds theretofore Isueod pursuant to and secnurel In accordance with the provlalolusof tise Coneract.

Se~a 502. Zesuence of Rtlondlnlr Honds.

Inthe event the .Annual 1roject Cosa- to the ?eztlclpuuta of eleowlel powe, ed energy fromthe l•'qJcL mayr be reduced by the refunding• of any of thu Honds then outateadhng or In theavant it cuaD oterwise be adv.antaueOUg, in the opilnion of the Authoritly, to srmfun any Do cdi,the Authodril. way lasue and aseli ef'uadin Honds to be secoed by aaalgnment of the paymetns

18

to he matde by the Pazrdgaziar purcuint to the'provisions of Article ILU of the Power SakesContretei, inchiding psymme, traquirsd to be rmade under Artlle HI of this Contract, mnd allother paymmnis ekblbulabie to the Prolect or to the Annual Project Costs to ba made tn accor.danee with or pusuahit to any dthez provision of this Conbect and inch other Power SalesContrada•. Any such refunding Bonds Issued in accordance with the puatdona of this Section and-ae~curtd by wgmeirunt of.suicb payznenta ay rn~k part pe us to the security aforded by theproylaona of this Contract and of all other Power Sals Conutdcs betwtai the Authority ad theParlid~panta relting~ to the Projete and to I/a issuance of Bonds therafos with all bonds thereto-fo•g jssued pu•at beto and ared In accordance with the prowisons at this Contract.

Section 503. Adids~rnezu of A~nmial ProJect Coiti.

In. thu avant the procsadle derived frem the sale of any Bonds turned pursuant to the pro-,isions of thi Contract the paymnent of which Ia iecued by asssignment of payments znxdepuxsuaiit to the provisiona of this Cent~set and of all other Power Bales Contrncb betweoenthe Authoritr and the Partlfouts ruslatng to the Project and to thne fesuenci of Bonds there-for, ae.oed the agIgreg~ae amount required for the purposes for wvhich such londs wer Is-

*aued, tu amount of such ¢era shili be used to make up any delidacy ten€ e.d~stin Linany7fund or acCobft under the Bond R uolotion in tQe reanner therein proialdsl, and anybusis shall be used to ret~ra, by.purchase or rai and redemption. Bonds in advance ofmaturity, and.ks susch avent the Authority will zedtuce such elamenln af Annual Paruject Consa5 •an uecusar¥ ted appropriate to feflet iuch accelerated retirement.

DBFATLTSecUDoU 101. Event of Default.

Fallureoifthaexl~ttdpaat toznk. rcthe Authority any af.tim payment, for whfch pro-vision ls.made in this Contract ihal €o•sttuta a default on the part of the Partldpant.

5ect~n 102. Coftnt1ding Ob~gealon, Rightito Discontinue Service..

*In the event of any such default, the Participant shall not be relieved of its ilhdlIt• f•orpaymntn of the amounts Lu default and the. Authority shall havs the i, rnt to recver from theParticipanut any amount In default. Iii eufocmean t• of ay such rtight ef r~ovss, •te An-thority ma" bringr any suit, action., or procteding In law or in equity, Including manudamus'andl,ction for apsdfIc perfaimanca as ma~y le Ueciuar7 0! i~ppopriato In enfore any covenant,agreement or obl~gatfon to rmJhe any payment for which provision Is made in thin Contzsetaginlst the Participat,• andl~ the.Au~tho0rity mayt, uponl dt daysI writd.te noticsJ to thU Par-ticipa~nt, cease and dlccontlnuc providing all or any portion of the Paztldpant'o Bulk Po'w-,Supply."

Section 103. Levy of Tax for Payment.

•isa the event of such default by Lte Partifcipant, the Part/cipant chall proyide frthe .as-sessment and collect~on of an annual tax saffkcient In amount to provide funde annually tomake aU paymntna due mundr the provisions of this Contract In each year over the remainderof the life .o' thie Contract and the Authority'chill have the rlight to rbilg any cut act~on, orproceeding In law or In equity, Iscludng mandamus ad action fre spedifie Wfanmace, to e,.force thu assesument and collectio of a contInuing direct annual tai upon all th tenableproperty within the boondarla of such Participant sufficienut Izz amount to provide inc fundsaunnaIU~y n ach yu~r ol the rernaln.erogtheiUf, of thd Contract

19

Sect~on 504. Tl~ruia of Power and Eneqr.y Psui~uj,, Ia DeraU.In the evmet ci a default by • Participact, the M~tlarlty elhaD trenafer, oni PI proita

beia to .11 other Participanta 'which are not in default, liie dofaultag Paztielpmnt'a EnUtle-maul Share of the a ~outu md aervcee o the Project 121122 ha•ll have been d]ac'ontinued bymenul of aUth dofsalt, and the pru ritat portion of such Entitlement Shari of thu defaut-3lgParticipant ma 4•ansde alialibetoma a part of and abafi be 8added to~tha Entltlm~ntShare of easch such banduree Partfcdpanl, and •t~ (trummore Pazi~cpant a]hUl be obligatedto pay fOn l~a Entltlanmt Shari, Increajed aj aforeasiL, as If the Znftlina flShae of. thetra~sferee Participant, in.eted as aorusad, bad been etztel oriinally U the •n~tieartln. ..Share of the t•ranfre Pr-tlcdpant in (te Power Sales Contract with the Authority, provided,hoe'wver, that in no event shall an•' tranfe~r' ci al part f a dshrultin Parx.ic, ant' Iln~tlalment Shar-e rasult In an oblIgat/on of a tranaf ares Particpaut In) buy output- and serviceu oftla PFrojec from the Antha~ity Lu uoff oty•('pernt o the m6• cenkysab eabhed5Imttm annual hourly p~eak demand of s.ch transfe~ree P•utlclpant and prorlild. •rtliar, thatthe obllgaltloa of the defaulting Pa.rtfripant to pay the Authority eJhill be reduced to theextent that payments sabel be receivedl by the Authority for that portioni of t]hu defaultuIrgPEartfcfpant'a En~tltlmetn Share which may be transferred as eforuald.

Section 605. Other.Def u~ll by Partldpuzst.In the evant at £ failure of the Participant .to establkbh, -,sltaisn, or cllect rates or

charge- adeLUata to provide .revenue SU•icldent to enable the Participant to pay al ,anoztsndue to the Autbhorta under th Contract or in tim avat of a hfgr of he Par4ticpant totake from the AuthorTity 16 ulk Feorer Supply In accordance with the poyavuos of hi"Conb,4r or in the evet of any default 1by the Participant uander any other covenant, apeu. "mant or obligaton of th/u Contrut, th Authority may bring ay iult, action, or pr~oceedi•ngin law or in egult?, lndudbwfinendamus, In;[unction and acton for apcll performance. s

* may 'be ntcajary or appruprdats to enforce an, cOvenat agreemen~t or oblirnlouO• of tiContract aeipnat the ParticipauL

Section 506, Default by Au.hority.

Zn the event of any, deahult by the Authority wider any covenatnt, qoedamerit or abligaionof thu Contract, the Particpant may brng[l srty suit action, or proceeding Sn law or In eqit~ty,Includingl inandam~u, tW:Ucton, and action for epecific parfonnenca u maty he n, cessary orappmpriat4 to eniam~e an covenante, apeement. or obllpton nf" ibis Contact eguinat theAuthoritt.

-SecUoc 507. Abezndeoamet of Remedy.In cue any proceedlni tiken.on account of any lefeult shall haye been dtscont(nued or

a bemdoned. for an reauson, the, par'tes to such proceedtngls ahall .be •restored to "Utah" fco'merpoaltiona and r~ight hereunde•r, •ruaecvti~ly, and .11 r~gts, remadlee,, powmrs, and duties ofthe Authority and. the'Particlpsnt shall continue am thougrb no sueh proaeedlnp baA be•ztaken.

A~qRTCLE VIIMISCEO brIOU3 GENE•R.L PSOVI.SION!

Sectimi 101. Chezacter and ConUnulty of Service.'.(aJ The Aizthority, may te mporar'il7 Internvpt or reduce de-iveries of electric energyr to

the P•itrdpent If the Aurthorityr determines that inch Interruption er .-educton La nacausaryZn ease of emergetncie or Lu order to inatelU equlpuant In or aaka ripareto or replacamante,

20

aImTup 'Dalamup Ij' p•' Auv 30 9Uno'• n0 UUU~dZ5 puI L41jiqu3 flU ma•; nlo osi! .mwtuuwsim, pus ,Lumupu KI"Li q"•m tzut ssI•.mdoz( m&l~dn.Z 1Jotl p, uoajvn4@ paw t~Su'3Uts)v''4; zu; A ~ql'[ pus ,jaq..z'uod~z• nn;z lum •srql •uwdp!5.js, sq; Pu, Lj'.muiny SqL.

*'J15 n 10V~ 7o uquy, "POL ui~sq~"'mr 09 -Apl1"Zo-1[!idI 0 bunbsz; • 1 ;W. Du4ITU1 'wsz~rn• sIlqa earq

U10; .tL Us sq Isqm ;•ujou u~sq• zpun ;u'dzaj~cT sql o3 pOq•iuznij winus put .J54oJ

;•; riB,• sq Ls= ;utdp~sn~ Sql 30 UA•uItZzhldU •. 03 o1•1.nam .e Ineag U.•t~smilpi u1 ;uTwlplj~.' s• LIIOU ljutqs .C.Oq~n.y aq~, (p)

;ss; q•nu p osmr•dxss fuu. uou .-- psq ID UAoq, ;U:)2XuL oM UJ'qljL s;U~rn• h,,,d nzs~ai~nu jI 'Pus ;uut'ltdp:x, mq; p •anba.,s U3'•f.pM uao~n muzji (lus ;s .psr'• .s~sw Lu a.s ivq, rwt

J.p q~n ' 'A4jzoqiuy stl .£q L*512Uu pimlp 5.1W 15 £•3;il q 0s goj~ppv mx r:)Lg aasao~qp q •L•u~:•, us q:u mo ml'wp uq"I oi..oud w•p Ar'Ju puolsq popm4 Us 101S prul sq guq uoguns u t 's3U•eu20ou1 l& n,,s sl q; pasrjqzqra Iij tIP1K"M ZUHP opo4eq• •; paq:azzo sq .[orq' neodz•d[ Baomq .wo; uas'l LjsuaJsd,]s. s •lu i q-n o .uSaz/• sqUsql '(ul a~o~u -ol so eoq. ;uuaz•d o3/ Rws~a u; .zuiSez a; puno; m zara, w 'us- tatjo ;t~nu.z gus .; 'psuzao2 uq.u~a;Kq ;o uoguszo• uw 133o31q u;uzn;:s paxpjuu• uq sfqmlw.zzoq *njq ,,0 sioqi •laz.•d o•a4 a'{; szoa' ;ou sq a; puao; pus p'a spw .TLa ay "pazlT.,-:o iwzu;so Cu t~i'q.A& Zlu3np 'itt 2 Al.sl iujpss~rs qiou 'p4and 5q; zcO3 S~qflhAI uo1U,,,,ZO'u|qasq sq'4 uodi p~nc Al~zoiny sq; Aq Wwudpi:z 1 Sq o; spenu sq ills Nullgq sWz•,,.,s

-UV" Sq'l '51;,z.,-wuj Sq 0oUl 'oro3€ g:o zso.l' oI.S 04~s 1J5ZU[q 101 peer..ls;*ax as ix• (qj

• jab. 2azuu.ze~u ,(l 4 uAz qny5~Z~~; nlJ~ zoj sud! ulqul~i a A~zoq~ny Uq; o0 ;Iso •noq3.&r[LjdlP Ksl5I q1I~dpfl~hi•r SiL J4Zquy 5113 Ijf ;so upq qo.u upl~ia.f oa;:uawd~n.• EuII•l5W•Olui~pw sIqr~.;so: ua aj I.v JLu~muud.pjt.sj. sr ;sq; •sauoq pappad :l..u.,uaj ijq

-O.Td gLT& pus m.TapaUS Jo uopsICWrau .10 splAu,,d • ;4,3p. aq• Bilu.uil LZjoq~iy 5W• ('1

-nv sq• m~ius a' , s~loia.dtl Ir1|,h'uuluuAaOZ Vallubl Law u•|w1qO a; L~tt~OfOlq;ft sf 0 AJ1JqIU'Sql1 Lq ..1o ,Li5o0qly .44413 • 2.4U C2• m~qwuomz Oa a;uj W5 @4.£Sjddai .n.•od gaq nq~o

fl;•.LTas uG a; •psduz ql• ',,o IUUo.A eq!1Jozuo=u• 14 pairn .oIt's roll q'l3,, 50510.-.015140 5.o J U5u~T•rjfl •o UOylIei5 sq; io 51.u5p, qrJnZ uqaq w103ta 35q41 npua 52~rA.n5S's~~lj.&l0rd a; s~m]w;.Jo; uqw,; sq ,a 'sp~uO0ld- 0 pJ•Isztl sq ;ou. 1it'q'1 Lq1,zoqny uq.T, (q)

uoduzsclu i.ut qs njslrp. £•fqu q}3 10 fl Sql'1 m& 1 €;z-o44ay ' '50w(1 uo~mp s~qu• .o..d uq• iufql; pus '.zpmzq; saom aq 2iz.qi 'aaJ;:0p.t .TO uofl~df.,,z.;aj .poauwpTipo A~lZm.

.2o U0o15J5a2 S1 flo •J~k SDUVn'u;i51141 uebra ta.d o4 :o ,30 Sua•1sd•. put ,iuod'qw~flDUAU

.0

or actonJ, Including inur to or deat'of pezona arrsing from ny act or accident Lu con-nection wi~th tbnafla~tl•son, presence. maintenance and operation of the propert and equip-mnt• of the Ind~emn~fy•n pat mud not caused In whale or hI part by the negrligence of theother part; prvded that an liablit wh ,h.I Incurre by the Authority thrug te opec-atlon and masintavJnce of the Froject and not covered, or not covered aufflanly by lnsur-

Authority to sat•sfysuch liabilty abafl become part of the Annusl Syntem Budget

Section 705. Other T'erms and Conditoew.

eaablhetl a part of the Autoit' nervlc rules and regulfatns, 'whicshal n• be -connertnt with this prvsons f thi Conbnet.

Sect~n 706. Asf~immt of Contu±t

* () Th nbntnst haf 1 nun e tothlebenf of udm bul bebfl r v UP l~nthe rnC vOsuccessors and assaign of the parties to thins Contract; provided, however, that uavrt anPowided in ths event of a ddault~, and, except for the sulgnmmtnS by t/he Authorfty author~luhertby, neither this Contract nor anyv intnert hiecein shall be tzndurud or assigned byeither pat hereto excpt wilth the consent In wrltng of tb. other pat hereto~, provided,howezver thaist such co~nzn shl not• be w'ithhld unxeazoahv No •asszcnn or transfeof this Contrast nba! releve the pale of an obligat~n irerewaa.

(b) The Participant aclcnowldgeu and sgnies that the AuthorityV may a.sIgn mad pledge.o'the Tr'ustee md CoTutee dsinted4 In te 2end Resolution all flte rlgbt, U.t],. andl In-

ter-est In md to all papunonts to be made in the A)uthority under the piuvslni of Aatide ZR!"of this Con~tact and aUl payments attribtrable to the P:rojet' or to theA'nuul Pk'olneto.tt.o be maed in accordance with or puziint to ny other provsion at this Contract a ecurit.fepldtheppyeta :erlnclpa (Incluig sI3ln~ldn fundl fnstaflment) of, an ]prwwlum,.

any. an ntrste~5 on al the B•onds, and, upon thme zecu~on of much asalgummit ant pl~!ge,nucl Trutee ,hafl have al rights and remdie herel prvided to the Athry,,..ad anyrefern~ce here• to thi Authoit shl be £este4 with the :eczais an. • I n denta]. toindude such Trutee which shall be a thir pat benefcr of the cevennt an ape

an•a of the Partic nt heri conb•ad

Sect~on 707.. Termra~tion or Ammadaent of Contruct.

whatha bae upo the deault of the othe part under thi Cotr or any othe £nstra-zuert ow' oth~rw(se ,-,capt as m .edflcaliyprovided In thi Coutract...

that will ad".muly afec the maturity for the Nonds aforded by the pryan of ti Con-tcg overs thle piachs and asi o power hereunder open which the ower fro tito time of the Bons a•halllvaele a u an Inumtment to patches. and hold the Naa..Slong ma any of thin Bonds axe outstan~ing or unit adequate provihnis for the pamai thinseafhere been mae In accodnce 'wt the pzruiton of the Bond Reout•n thi C•II~ shnot be earcredm, modifed, or aoterwie m/tered in any manner whichT will •ndace the pay-mania plde u security for the Ro~ns p" exted .the tie of suech peji-nente prvied here-In or which will La any' manner Impaijr or edlvesu•ely affect theigz•hts of thet mes fr'omtime to tfmi of the Bond,.

Ce) None of tine Power Sale Conrats =may beams~udad as to any one or maoPre cipantSt

22

as aS to provide terms and conditions different from those herein contaned ercept upon writ-ten uotree to and written consent or Waiver by each of the oter Partkf fpa.,. and updu aimlar"am~en~et beingr made to tha Power B-•us Coufrnuct of any btherPartdlcpnst rinqueaf~nr suchammndment miter recuipt by much Pertrldps of notice of such amendmennt.

FUVBPROJIEL7T UNDERTA I4Y AUTHORITY

Sactoci 801. "Future Projects.The Aothority.may f~rom time to tfne conduct studlu an~d negot:[sions with respect to

plannin, dhslgnflzg ffinancin, conetuctingr, tdmfnlsteringr, opattrab, .end nslztuinf~r owotherwise ac~quiring future. generation mud tnnxiaon fadhlftiu or rlirhts to the outputthereof in a ddition to .those coutemplated.for the Project, and roay mneic reo--,-,-d-•oaa tothe Participant that such future fujiitla be unurisez4n by the Authority. TI the Partcipantwishes to partclt Ineand the Authority within to undertake any atudh futu'e facill't•e, the:Participant Shsfl execute a contract therefu with the Authority.

-5ecttoa 80a. Future Partidlpaaig.It Is ex..tssly understood that noug~fi herein inhall preclude other future pesitclpantu

fruin €oaliacbing with the Authrty for planningr, procuringi, enyil provldi[ng such other fu-ture partldpuns' b"ulk power supply, lnmdudlng p~artlcipation in other projects Widarelisl, bythe Authority. •.- •

Sect/on 801.: ChanJges In Erktalnir SRPA hmzigmen to."' ""

The Authority may negotia~t bulk poe supply aruguwent• with the Boutlieaataru.Power Adinfnlstzeton and the Georgi Power Company for changes In the currently suitingconirada between the Partci€pants and Southesatern P~owerAdniinietrahloneanbetwee Gnr-ga Power Company and Southeuate-n Power Adxnlnistratlota wldch~chsnps" arm for the ax-.pressed purpose of loweringr the Particfpante' ovurufl bulk power supply €c~ti by acqobltlonby the Partlci]tnti of their flllakwful m~otments of Southeaster Power Admblsbtl~tonpwer. 7t1 much e.xpreasedL pnerosmas schavsd an the Authority wiahu to: undertake eushsmrnguments, the P~articipat may execute eceutruet therefor with the Authnr•ftjn.wbih.hthe Pertldpant ms7 musl"n lts allotmnent of Sou;tbaaate.-n= gws"Admlnlstr..lnn power to the.Authority far dellvoz7 by the Authority to the Pemtliclpant. • .

Section 104. Other SEPA Amnennm ts..,•

The Authority may negotiats other bulk power supply arrangaiment with the Southeast.erm Power Adzhimnifsratlon relatng to other projecI.a of the Soutoautern Power Administra-tion nuo now Included In tne curretntly .xistng conltracts bet~wee the Partcipant atd theBouthmsatern Power A~dndhtralfon for acquisition by' th Partic~pants of their full lawful

allotmnt• of such other projects. The lPartfcipant may asign its ellotmat• of such otherprojects to thei Authority for delivery by the Authority ta the •Particpant.'

•ecUon 9OB.. AJJocsto of Costs.Until the Authority shall undertake a future project or until the provisionn of Sections

805 or 804 hereof relating to SEPA emngewm~ta are £nplernentud, all operatingrand reain-tenant, €osti relate-d to the operat~ng and €onduct~ng of the business of the Authority shallbe treated as. A'pnual Pro se~t Casts and, upon the undartaldur by the A~uthority oaa futureproject or" upon Ihnplemnetatloni of the provisions of &qctlons 803 or 804 bersof, the Atuthort-

23.q

ty s uul liocate an approrlat. uliazo of Its. admlsbis•K.. ad geieral nepu to nuc~h 1+iuhr."projmc& an'd muc Lra'nga"m-', inder Sectio,, SO8 and 504.

In cue any one or ~nrg of the pro~!mons of this Coabract hall /for any resson ba heldto ba.llegal or Invatld by a court of competmn~t jwisdlcffon, it is thus Intention ,f mer-h ofthe pasties hereto that such Iflglityl or Inyalidity sabl n.ot a~f-t Mtan other provlalc here-

•of, but this Contract shal be Construed and enforced a, If aui ifiqul or inulid provisionhad not been contktned herein, and this Confrect shaf be coastrued to adopt, bet not to e•-lares upon, all the applicable provisions oI said Act, and all thu appllzsble provisons of theCon~tltat and fines l. laws of Georjl, and, if any provrbdons !zeru conflict with anyapplicable p•rawi[on of maid Constitution. or.lawm,.tha latter amad8opli&- by the legilatn-8 andas int,.rpretd by the courts of thin tat. shall lrevail in lieu af any provision hereof in eon-filet or not: In harmony therewith.

IN W]'TNESS WKEREOF1 the Municipal Electblc Authrity of Georgia hbu causedthin Contract to be exrecuted In ita corporate name by itt duly authorized offcers mn4, by the•e~eut~on hereof 5t. achukowledged that paynients made und• this Coiifract mar be a~s.ined,as lprovided in 5aiinm 'TCI (b) hereof, by the Autherlty to the Truatee and[ Co-Trustee to bedessunated in any, Supplezmznta Bond Re~outouan easecauriy far the payment of nfl Bends ofthe Authorty., am gee forth hi maid Sectloa '1O6() besse, and the Authority haa causaed Itsc orpram.ta seal to be hereunto Imprusled and attestetd; the a •rtlpa~nt ba caused this Coix-tctto be executed In Its corporate .name by' its. duly autboised " .aeiu and its €orporateaeal to be •hereunto Impressed and attete, and deliery hereof by the AuthorftF to thu Par.ticpat Is heeb arknowleilge, all as of the day' and year first abao e-written.

OF GEORIA,

BY: ............... .................

BAT......•.............. ;........ ...

R ' .......................... •.....KA.OR

U

DF.SCNWJXtON OF PROJZCT

bililil Fadutle."

The bIntia failiti of the Prolect'shall he the following:

L. Inzitil S•ec(b Generjton and Rehtatd Trunmleoa Tarfltlea Indluded Ln The ProJect.

A seventeen and ,evmn-teuths percent undivided Interet in the two 0'? M•We nominallyrated nuclar generting units eo be liown us the Eidwin I. Hatch N•ucIlea Units, Numbers On.and Two. (Ind~vidually d~esllnated as Hatc Unit No.1 ad H(atch U.nt Nio. 2 and callectfwelydesignAted ua Plant Hath] to be located near Eaxler in Appllng Cont~y. Oeorsia, hicluding orsuch units (i) lund delineated and durie in the records of the Clare of the Superior CotirtofAppllnI County. Georgia. Ira Flat look S. page 8!5. and Ir the rwc~rda of thei Clerk of the SUlperorCowt• of Toombe County, Geori, is FinPt Book 11. page 34. and ill land rights pert-iningthereto. (Ii) the nuclear power reactors, the turblnae-nerator . the buli/¢inp Ihousing the aime,iii assoc•iated au.•lleries and equipment, and the related benixn~za1u ficllthes eU aamore Pnur-culirly deicribed In 11w Application, and amendmenta thereto, by the Oeorgta Power Coupanbefosa the Ato~maa Energy Cominalsen in Docket Not 5O.321 and 50.366 and the Prellamna,-•Safety Anly• Raport. and amendments thereto, which constJluta a part of such Application,(ii]) £nvwtntrimm.of zzaaterius, supptles, fueL, tools and equip ment for iusa in connectlon with PlatHaItch, and (1w) the Plant Match Ezdlua delineated and described in the rucords of thu Clerk ofthe ~ujperdor Courtl of Aeppllng County in Flat Book 8, jpaes 86, 87, and 3f•.

(b) Plant Vogt• ,

A thirty percent undivided Interest in the two |15G 54e maximum• sated nuclear genexntlng •units to be tzowi es the Alvin W. Vog~e lNud.] Units, Numbers One and Two (Inlvluallydeslinated as Vogtla Unit No.1 a d Vol~e Unit No. 2 and collectively desilnated as FlintVoigJe) to be located hear Wsynescaro In Burke County, Gorgao Incuding for such units (I)

* Iu~d delineated end described In Georgta Power Company Map F1lat *8-8-. to he resorded in thetrecogdi of the Clerk of the Superior Court of Burhe County, Georgla and eli land riht permain.big thereto, (I1) the nuclear power reictra, the tn~bfnel~mne.tos, Ihe buildhziw housing thesame, the isocinted aualllaries and equipment, Bad lie related bansmu lon facilities iii a. morepartIcularly. decrbd In the Applicaton, alid s~nieadmenbs thereto, by tha Georga Pewar Corn,,puny befozu the Atomic Roergy• Comumisson in Dock~et NOL 50.424 and 50-4,q and the Pr.-Illmznary 5afety Analysis Report, and amendments thereto, which const~tutes e part of suchAIpplcai~on, and (ID) Inventor/es of materials suppUer, fuel, tools and equlpments for its Inconnectlon wit Plant Vogtfe, provided, however, In the event for any reason Bond. are +notIw-ued far that potlo•in of the Poject des~gnatsd au Plant Voitle, the Caonities descdbe&Inl 1131eubpsza1aph (b) shall not bae a 1 of thi Project.

(c) Working Capital.

Wenardong Capital required h1- the Authoriy duringr constructloi on this Pro~ect and fco'Sthe plaidng of the Pr'oJet :In operatilon.•or providinr Bulk Power Supply, 'Incudingl Supple."mental Zaalk Power S-ppIy, to an1 the Partdcpants.,

X. In[iti a/•s~mhs~on FsdcIg Xuli id uad In The Project.

Those' trnsm.•nla.n fsd~tlu to be acquired and consb-actzd b the Authurlty 6urbzg then.. time prior to the ComZnEt1I Operatlan Data of thu lut of the eatratfinr ,•ladlu of ib

P 1roject to ba n cmpl~dt In order to zieet IL. Iziviautazt rtioo•hlLj duxt4 Imch time Inconnection with -- 7 agreement for an I at8V~ated triainlu u•tc t which the Am-tborlt. •ay be a put in acorae'with the pro~si~uso of Secon 10 of the Cqnb•:rgt.

Tb, a dditfocal •fadlithofu the• Projec ch be thos e nitloun andIm em~•e~zte t theelectri pamitlo,, aid related traurnmfsaon tacflitlu and to the treumhdon qltm fmcflltleiof the Pra SECt prod/ded for in dlaiues (I). (tU) and (iii) of Section 102(u) "of the Contract.

-SC1E11ULZ 07 ENqT1TLFEb•fT 8RARE.F

1. PAT c2YA2qTS' ENI47LDL,~baIT SUAtERS OF TiE OUIw1UT A2• s.ivic•s orTEGPM~xRATl~ FACIIJTIES (IN•CLUDI•G ESLATED TBAKS•IaIONfFACILITI1•)INCLUDED IN THE PJWoET

Th. Participants' 'Enttleisnwt 8hbarea o the utput: an ae*icin of •th enerlatin hellS..•ft e (Lnciudirg:-t-ted trusn•€u.fo facilltfe) at tbe Iroj'ec wlzdi Project tndude a maen-atim and awam-aitba pecet untividad inietst In Plant Eatc- and a thrt perunit undividedInte~rest in Plant Vogtk both of whieb murs more puqartlnll 4~Ie4 In thr" Descriptin ofProj•ec.t, and of the cervkces provIded hi the Authadty fu accordance with the prorftlona ofSqection 10 of the Cont~ract, bsisl for each P .allclpt be thoai En~ttlament S.arsr act forthIn the of~lo Winadzsedule ' .

i

"ACVOR•THADEL

BUFORD"CAIRO "

CAZ•ACARThE3VHIJECOIL!ZG• FARE.

DOEMJNDOLIGLAB

PLLEBtTOt

0.5101.418

14.1510.6550.3510.015

' 0.5'(4.1,$182.256 .

5.3040.1160

0.129

2.305

V.64

1±,.680.4890.3 69

0.861* 1.5802..638

1.76DA.Ta

0.692,

2.540

1.251

She, M~t.

10.12

20.041

0.330

1.104

2.78T

0.1192.607'1.101)1.84'7

Ad~tksatme

*0.61o.157

0.088,0.8662.772

L 1086

0.659

2.677

8.4100.1112.,609

15s

GI.ZLANTYLWGRIJFUI•

Li. GRANqGEM,/wlLNcs'vaLx

MOl•OE1

NORC•tOSSPALSO '

wTOTJNGT•

0.247 0.2650.344 0.526

0.932 0,.379L547 .1.8160.090 0.0891L600 5.010

0.•ql0.0890420.517

4.380 5.5391,52• 1.8090.052. 0.036

10.351 .11.319

1.609 1.3450,.8.3 0.7550.212 0.2,570.7i47 0.7650.537 0.8181,757 2.a890.144 0.95?"2.29 1g.275.'!BI 4,394

0.55• 0.5440.085 0.109

100.900 .100.000o

0.298,0.•86

0,96/1.3621

2.954

0.'991.3048.8092.0920.019

12.4481.t44

0.3200,928

8 .042 -

1.2164.409

0•4440.121

100.000

O.808

0,98B"

2.1520.2940.4961.105

0.02112.155

lASS0.4023.05118960.3410.8290.6300.715L099

0 .97*

0,124

100.000

lbse Iin~til Entlt,,mant 8Share N~tiforth aboyma shil be he. Enui1.~emt Shea, for the..period .ommmndnvl wlt•" th'e Ccnmmarfda Opertioan Date of ateb TUnit Na. 1 anA endingwith the Com~mercia O~peralfon Date of raic Unit lo, azo*DiC~Wi 33, :1973, whlebeverIn the earlier. ""

.. The E-nttemef~ nt Sham .A.lter FfritAdjuatmuit abut be tbe E•nUtlemlmt Share for theperiod •mmndt'.nr wi•t. the Coca~mada2 Opeiela Date of Hatrd Unit No.!I ow Januaxry 1,l979!, *hlchleyer 1. the earier, an ending with the Comnaaadal Olpertieu Date ai VagI~eUnit No.1 o Desamber 81, 198Z, whichever Ia the earler."

5"he Enftitlment Shae Alter Seaind Adjustmuent shl be the8 oUttlement Share for~tha period •oinmevngt~ with the Comnmerelal Opezetlou Dautea Vogtbe Un~t No. 1 or Im~'ru,"1, 198a, whichevea- fa the u*Iller, mnd enuding withl the Commerdall Olperalon Da.l~ of VogtIe.Unit No. 2I or Duember 81., 1988, whdchever I. thu earllpr.-

Tie Entitlement Share t., th'"rd Adjustment hallJ be" the Entflt/ient B~am for thepenlod ernnmendftg with the Comuierdal Operation Date• or: Vogrle Unit No. S or January 2,1984o whl~heie :. the wexrllr and endmnl 'with th las day oflu te." ti thet Contr•act;

271

provided howairtr. thzt In the event Plant VotlUe kslnot €oos lcted, thm•EnhtitmlemtSharu A~ft•Second MJaahziat and thu EoUfm,;,at Share Aie Th Mjnsinment shell not be a~pUcable,end tb. Entitlament Shr Akftr Flnt Adjuatmtni shall i'ppl~y for thu priod, commanchn| withthu Com~medal Operation Dht. of Hac Ualk No, 2cor ,Zm-uary 1, 1q9'.9 wtlhohiox I the ewcler,end ending with the lert ds7 oflb tar s of the Contract;. and provided furth that theAuthority, 5zn ucordunci with'tb. provioos dt Seckion 812. of thi Cotn~ct, wil sel thu out'put.nd uavc of such •&ndlvldud Interests !zn Plant Hatch end Plant V.1 tbi to Qooqia PowerCoapzuy~in ucodazds~c with tie followingr acheduiss: t

(a) Hatch Unlt No. 2 and'Hatch Unft No.•2.

That Fortlon .2 the Pawu SumppS Year1Imi2•ng r atst the Camznsela OpertionDate• of Unit of th P:rujact

Thitf Full Power Supply YearFollowing Corunmrdel Oprtion Datafleond Full Faowr Suapply YearFollowingr Coawmozclul Operation DlateThird Fuf Power.Oupply' Year•Fdfowintg Com~merda Opex•ton DataFourth Ful Pwer Supply YearFollowingr Cam~rda Operation JatoF~flh Foil• Power Suppl" YostFollowing Ccmmer!a Openticn Date,SthFull Poawe 8u• YostFollowing Caiaar Operation DateSveenth Fud Power Supply YearFollowin Couminre~u Opoatiou flat"

O..Pear• Ce.

60.0%

25.0%

25

(b) Voute Unitlo. 1 and Yog].- ~Un~t Na. 2.

• To be sort La

-Tbzt P'orton of te po.. Suopply Year"Remalninlr A.lter the Commercial OpermtonDa f aUnlt of the Prvject • . .0

F~rat~uD] Power UUPPIT YMtFOUownJg Commnaelh Opi-nt~on Date E.•

Second Full Po,4r Supply YearFollowfnr Coxammrual Operation Date "8T7.5%

Thlrd Full Power Supply TuarFolio wfzii Coim.rcial 0p. rtion Date 57.5%

Fourth Full Porer Supply TarFollowingr Conmnurci Operation Date 25.0%

Fi/fth Foil Power Supp• Yearrollawiug Cosmnereial Opeation Date 25.0%;

Slith F.Ul Powrer Supply Year*Following Commexcial Opentoza Date 1Z.57.

-uweuti,.F, NlPwer Supply Year* •Followllir Conmnercial Operation.Data. .-

Provied, however that for the purpose at deerminingr the pezunaf~e o outpult and aerrfcesato be soid to Georgi Power Company, the Firat Full Power Supply Yma. F~lowleng Comie~r.€1u•1Op ,-tion Date, wlth rer;t•to Vestle .Un,,t No,.1 aall beno later than tha calendaeryear198f4 and with respect toVogil]nlUt lqo. 2 chau'be nolatu tlan the ea/ladar ya.r ISSI, andthe pe.rcentage of output and servicea to be mold (when such output and aervice arm avnaflblfar such aeJe) shal be taken from the foregobzg achedole for- the appropriate year bui ld upon.the €oaudzzede presumption that the Coa•narcWd Opermfo Datb at Yogt Uait lqa. 1 Ia Dolater than tha year 1918q a• that the Commrca Opnwatlon D~ata of Voguhlrt• No. Ue La nolater then the year 1914, maud piavidtd, finrther, that the amoant of much capacity sold to Gear-..gl~a Poewr Company shall not exceed 21% o athe Authorltj'e awnaruhip abae of the eapadtof VogUe Unalb NToc. 1 ,nd U'ovhh the useful l]fe of auch umita.

1t La underto that there shall not be any reductnion fE ntlt/emnnt Shazes at the Par-tadsns reulant of sa h sals of output and service to G•rl Pawar Comapany'end eaeh

Participant ahl remain liable for ite full NntUement S1hat' micapt much liubtltty ehell bediaehiarke to the extant the Authokity recalva paymn•Lt fn• Georgia Power Company.'

UX. PAITICWPANTS' ENI•TLMENT 8H.AREJS OF SEPRVICESqOF TRANSMISSIONSYSTL,' FAULLIr1Es INCLUDED UI TH PROJECT.

?m " r_, . tissssd..pan Entitlemetn Shres of Servies of "/•anamlsldan Syta Pacfltltee Incduded(n the MPrtbee sall be determn~ed tby the Authority during inch Power Supply Year In iccur-dance with the proviuona at Section a0a of the Contract

21

POWER SALES CONTHACYF

and

ThaA•admn~t of Conact1 made nd'z•taJ, Intoa o~u ch1~• , 19'1,by mad b~iatwu.•the Mwat~uI .•act•. Authot at' Oeamja. •pubilc bodyv corpanut and polito mid I publicorporatiom of the S•t.o Gec ipt, berulnafter ,ematima dealpetd u the Authority, createdby the puiaxma.n ofI Ga. L. 175, p.2.07, u amended, and the undtsldped politm3icnu~bdal~sonat thu Stat. a Gor.gla, herenanft manatlme desnted as the .Patidpant.

- WXTNRSSETE

33 it ruembezb.ed that a Powix Sials Contact d•tedas of Octohar 1, 19'1, has beenpriaua~y executed by and between the Authority and th Partlcipial, and

WiiDX.AS, the pa.ties desir to amnuld said Contract In ce~tsn respecti.

For and In eonskderaton of thin premlrn arid the mutual covenant. an agz~ereuebt herein-afe et forth, It La .apau4 by and betwumn the partieJ he-eto us folowa: •

'Sedaon 1. Saud Pow'er Baes .Confractamhal be dstqd as of bachi 1,976.

Segtan 2. Section 2.02 (1) (8) "of maid Contzact h dallied • Its entzety and the fol~owizi

"(3) acqulitian of CnIaJturn c fel or5. n~antoz fag any, Iezns•tUo facility at the Project mudworldog ca.uta and zeavus therfor and wordnag capital nd rejrvem for taloaji fuel and addi-tional fuel Lwntorlea."

.ectio 8. Sect/.on .102 (.') t said Contrati ia aumended' by delet/n the word 'Out~at" infoth toe 1thamof.

* SucI~on 4. Set, on 102 (a) of said Contract Is deleted in it. entirety and the followin newSectlon 102(o) is s~sutftuted In lieu t.e.eof:

"(oi) 'Fue Coat' abalt mesn m costs Incurre by the Aukharlty durin any Poenr SupplyYear tbat are aflocable to the acquidltion, prnaausinj . l.lcattoa, tunu~portatfo., dultvurn,zrproceul... storag. and diapoas of nudeva mahnula -- d of tomUmkzfals naqufred for any ofthre generation f~aclte of ths Proect, In ladgntransfers to resarva ehtablihdbyt/be~r. Autfhor-

I

ro fo auch coals related to future Power Supply Yeaxu, less credits related to such costs applledu appropriate in the discrttion of the Authority.

Section 1q. Section 102 (a) of amid Contract Is deleted in lb entrety arid the following newSection 102 (a) La sutetituted In lieu thereof:

"(a) 'Project' ahahl main throe electric generation end reluatd Lrnslssou 15c11itUe5 whichare identified hn ths Durptiton of ProJect tad throe tzanainiuon systemu recfiInes to whichreferenoe Is made to the.Desc_,"pton of Project to be acquired and conrtructad by the Authoity,during the Ul~ prior to the Corojerdal Op¥ertion Date of the last of the frmnm-tin. facllties ofthe Project to be completed in order ,o muet the Authority's Invlmienmt reeponslbillly duringsuch time In connection with any agreerent for an cintepted tiuzsnastfon eyaamn to 'ehiLcl theAuthority may be a party in accordance with the provisions of Seclion 802 hereof, together with(Li any, majtor renewals, replacements," repairs, addlt~ona, bettements and Improvamnerta nices-aar,, in th• opinion of tie Conraltiag Engineer, to keep the Projectin good operating conditionor to prevent, a loss of revenue theref, om, [II any matJor additions, Improvememnts, rpair~s andm'-odifi,,atioia to the ProJect mad any decommu~slonhip or dispo.als of the Profect. require byany igovnmenatal agency~havlng jiuisdilction over the Project or for which the Authority ahBS) bereaponsible by virtue of any oblfgation of the Authority ,a-sln* out of say contract to which theAuthority' may be a part relating to ownaraip of tii Project or any faci~litythereof, end (ill)worldng capital required br the Authority during conatrudon of the Project and for the~plnengof the Project In opeuutlon for providing Bulk Power Supply, Including Supplemental Bulk PowerSupply, to the PartlelpetL"••

Section 6. Section 401 of aaid Contract Is delited n Its enitirty stud the foflowlnig new

Section 401 Is mubstltiated In lieu'thereof:

uSection 401. The Authority will provlde or osuse to be provided to thre PartJcipant ltbSupple mental Bulk Power Supply dwi~ng each month of each Pewer Supply Vatr. kuch &zupple.menial Bu~lk Power Supply m~ay Include, butabl~l not be limited to, pax til and lull reqlufrainentpower purchass and unit power service, gemalttin capaity noarye service, fire and nonflrmcapacity and enelgy akrlce, tranemsm~oca service (Including trarnshalon eervtce puxc~hamd by theAuthority to supplement the Particlpant's Bntitlmenret 8ba of 0•oaxifm•.nz servics provided by.tire Authority frm those tajrmlaalon aystemsa tsfalteg Icluded In the Project) and other

enhcbaage service made avallible as a result of tanmsactio with othor ullt~i. fia, leoasto to theAquthority of.electsic power and enery purchased by the Authority from other ttrihtteu busedu~pon btriffs fled by audi othier utiities wlS• the )Federal lower Comminion 'will be dfrectlyreaecded In the monthly Bilingr Statement to the Paztiprnt Such monthly D•n Statemenotwill Include a oredt for such delivery point frnalasion facilities as are owned, fineeced, oroperated by the Partic~pant"

5ection '1. "Secton'101 (b) of said Conrbkct Is deleted in it entirty and the followln'i newSection 503• (ii) Is mubtiatud hi lieu thereof:

"(b) Additional Bonds may be acld aund Issued by the Authorit in accorda/nce with theprovbdions of the Bond Resolution at any time mod from time to Um* In'the ewrni funds ararequired to pej .Rhe coat of (i) any malarzanewsls, replacments, repairs, additions, betterm~ieb,or jmprovtawnts, Io the Project necessary, fii the opinlon of the Consulting• .ngineer, to iceep.theProject to good operatingr €ondftlon or to prevent a )oaa of revenues therefrom, (U) any ajoeradditions, Imra/ovemeets, repairs, or mndlfktlctona to the Project, qr say• daeommlulonlnp ordiap oass of the Froject, retuired bj' ay governmeantal agecy having jurisdiction over the Project

'""* ** " ... d...."' O "'".:O "

A. o..* .

Project or u..y" facillity theref, or (i•) rel.oad 1ue2 or additional fuel inventoay for any generat~oznfwfllty. of. the ProJect In any Power Supply Yei•' to the extent that sufficient fundi are not.avegabte tn any reserve estab~isled by the Autliority Lo: Fuel Cost,; inovided however, that no:uch additionsl Bond.srosy be iD~Utd Ior the purpose or ' nding additional geneeting unit, to the

* fojct.

Section 8. Sect~on 501 (c) s .deleted in the Its entirety, and Sect~on 501 (d) isrenumberedSeceton. 501 (c),

Section 9. The ..atacbmmit to. said Contract entitled "fledcxptlon of Praject" and* "Scbeaula of Entitlenanai £bmat" teouzstlng f olfive pages 5 deleted In itt entirety and thi

.ecrption of Ptoj•ct snd Schedule of Entltlemnent Shares attached hereto Ia aubstltuted Ln lieutheiwoL••

Section 1I0. Sa~d Contrac shall rerrieln in full force and effect except as h~eren amndend.

IN• WY2IE WHEREIOF, Th. Municipal Electrk.~ Authority of Georgia and the PVartLe~nthave wcaed Ilb Ainendment of Conbasct to be euecuted In 'thelr €orporate rsna, by ttwfr dutya uthnsized officeaw and thek corprate salak to be hereunto imprened tad attested, .11 au of the.day and ye,,fl' t above writI•.

-. * UNCPA;EUn.9t.~9R

77 1 f•d '

0 9

* 7°

.4

aIul;usD puzgj~on;, I £ ,l~u•.upO MJ1 .9• o, i1 "Ul ,= 3111wu) pap)Afpuwl usn..ut .. qy

"t=01Lo. 50l ,To d U sqa 011u l1s• (q) qdvz~isrudqna vq '1 paaj1.np ieS•IrD~,,I *11 31ll30A35tk[ U pew;talpap I•~0# alp i0 aolood •1' .toj par• lou saw spuog mnaz £Li .o;. VIuAS

'fl00 *IU~3m 10 D03iSuo Cm) pu, 'uzo~qsgdd •ss jo qzduz, o:• qr.qu 'omzmp•mpamca iow "porwI .pl•w £31p9 •qah~~gu, 11 paw gZ•.0 put,it'-Oa '*j 19qa~a

pms 'wwansmti~ put .;mzu •p8331U 514 'euz .6 llalnoq dUptpi kp ,hgwzuat4Ujqzn

rmEmf jo •mac~ aojdnl mt1 ;o q~lDsq ,1" rpaa:,i sq; cq wpb~os- sq o; 'SLI1 ';t£ q•u PbtwPgl;-"ij STI& dqq £awduao, U"AU U•3boD U) paqpfp pmn pu~qmu put Cl) mP~ •i so;liqepUSJul •) '•CUio l0•) Se1i U Zoqml,/w, m,, pot:,, sq 0o (,•oA Wu'Id" np?~3Pr~~$£tu1:swaa paw If "oR lu 'a1 3i'A1 Put '[ "ojg ;u *1= tAo., n Ipsivdlnp AXllp'niWuJ.) '0,.r putmoO sieqw1n• 'a;;'I napi 141oA "M UT.Y ap nt u•.oi: sq o• qpm 3~u~w~us r'npuu i~zutnwxiu•Zv ij•]• 0gTT.m4 31313;[ i hl1KZrIu PPApup D ;lam u",d rq3UszUaI-Je put .U•rIASIe 'eI

•gV 3Gj @3kzo lujujvnd suuop,•aD .wuufl543£tI w a' ,Wl 3ol A•pqu ~nxr d qr:; w€ • !- 03 •alboInv mp{o uo13fqa [ ino~sua £tzw p ami4•, Iq pqmlqa £•~u sq truq Lu,,41n

': i tIu'W 3U U3 W •m. !W .p11.aIrnL U1 J uolLOd• 1'aw £gioR'ny aq' ql~&S 30341100 g't•S* =;asodI p, .qow •ou jUq q~tq•" N5,1.5tUfl1ZJ auw l'" .•• o ol• s'4 •1 p'3• 31501'

-jAqlI •ro~godr4q o 50 a VoW SaO £.11103 fia zaod paw 4I uq• ss g 'qi £ahilnY 3113'm:s©q 'p•p&oz•g PUU'LS '9 mudl '1 •ooff 111 U. 1(10 h•ddy 3D3• D ZnO)Z• .o 9 01oJ0oqDO '41 P .pioss 91411 p.qJZSSp pow pbnwuflp j•O~f tq0t3 3011 iq (at) put 'IPV•

1(zw;unmxj 3t• put f~ge-o pum xg:•'g .iot4 ;u•:oc• u) uojnqwun• £Lnm• :JWO3y mql azo;s•q• awdwoD nzmo• wL~soaO uen 'oln~ql swu~urn•m'u Fu 'uo/li~d.y aql ii puol-itP. ,1W1n1

.. 143 3U)Ki31 ./ul~a u~plpq *qi ' 3o3303adU{qW4 313 32l 'r•;n. o •cx *a~ p (g ) 'oqS-Stq

. pno zouzdn sq; jo •n wq1 JO rnpo.3, uq• ,1 pm.u pu, pmwwmu puuj (1) s•m lnaqz•;1ojrpn~i 'q~aoj ,•u110 hu.gddy 11 £uzw mu p111=oi sq a• ('4hl presit pa~uulpopLisuA41"a'1oo Pu I• "aN 1( q'•IwR put T "oH 1luz qaltq nt pe3Uuipnp ,£rmnp3Ap) 'oa.,4 pu;U0 wqm~ln/ 'plm{' .Z33lflNPn,,H'.l1 U3'MP4 sql it UMoIU sq .i qs~un Iup1,uu! nU3a1 P~3U'

.£[lwu)Wau a3qp.,09'W&1 p1 11 35U33Ul pUpIP~Un 3utsmzd hI'33UIIS~h pUt uU3OAIa Y

1jWH3V) (w)

• g•,. •F, ;!;t•• ao],l1Wmu,& p531)Wlj pu, uo.•. asp •X.S.• (113111"1

:h~loflO iq sq 1'T 3sa0l~ 43 O "S{g!3 '=")U Kr, p

S

unite to be known a thei Hal Wanaly Btemi Plant Ulo.t, Number On, and ?wo, (tndlvkluallydesiiatd - Wanilay Unit 1o. I and W~mnlay Un•t No. 2 and coflectively duulgnntisd u PlantWmasley) to be locatd near Cmntrubatchu* In H-eard and Carrgll Counties, Geosruia, Indudb'i~ forsuch unite (5) land" deliueated and described In Gegrgin Power Company Map Pile K4-I- datedJ~m. S, 1912, to be recorded in the rcords of the Ughak of Superior Cour'ts of Beard trod Cef'oil.ConimUe, Georgia, and .lI land rllb pertlirhrg theto, (U the turblneienszmtor, the boilers,'the bflidhnp houelag the ame, the etak, the coolhi fecllltla, the azocltad auxnIsuda endequipment, and the redtamd tranaimludon faclltiua all as more patculeily dusaibed'fn the en-.itronmezztil Impact a•tatmmnt reatn to Plant Wazuley. anid (15) Inyintodus of nitcsleb cop-plss, feL, t~obs en equipment for usa hn connection w~tt Plantt Wa.s~lty, provlded,,howmvmr, inthe ~eventfor any reason Bonds are not Imued for thiat oorton ohe? jaoct deafmuatid -HentWanaley, the fac~il If duszibed In thi Subpe.zupaph (c) shaBl nat be • part of the Projec.

A ta peseent'undlldesd Interust In thu four Bi0 MW -omlnafly rated co.'.fred SemuttY|units to be ]aiown as the Robert W. Soberr Sbt,.i Flint Units, Ilumben One, Two, T'N.., endFour, (Ind/dwlus]y dedpathd as .Sorerm~ Uni!t, N 1, Soberer Volt No. 2, ~clherur Unit N~o.5 e• ndSohrer Urnft N~o. I ,and €oiluctively desgnttd us Plant Scherer) to be located near Faonyth inM4onroe County, eorgia. Including1 for sunh units (i) land delfuesed end dannsbdl InGoriPow.? Compart} Map P/Il ?4-85-B dted December 191 1974, 0ontslk approilmately twenty.sewn hundrd mate, topt/ar w¢th cuob additional Wi of apporazmlly tan thosad -ama cq~ufred or to be ecqufd for use In connection ~with Plant Soberer, to be reconded In the record.of lb. Clerk of Superior Coant of~onu'e Couny," Georgia end all rand rights pertadlnhagtlzervto.(li) thu iuzbfne-guunlo, the bo~nce the bufldinga housing (ho aamti ithe emb, the aooU~nffcit.ieS, the" ioclale a•l and equipment, end the nulatad tk~usmlsson faclilat era.

*more putuld descrbed I te anf, urarnmentW Impact etatemn, t reangtot Plant Schear; nd(B•) ln~eatosls of matnila, supplla, fuel, tools and equipment lox use I toi ecnn u with /lant,Scher.r, povldel. ho~wee, in the .evet fot urhy r• uon Bozzdgu areot Isued for that pochon ofthe Project deslgate sa Plant .Scheme, the f,,,iLtigi desaibed In th aubpasah (d) saDal rotbe a pert of th Project•

Wor~ag ChplthI required by thm. Auth orft durn const-uction of the Project atd tar thepjudn; of the Projec hr operat~on for piotoddi Bulk P~ower Supply, Inlud~idng BuapplamnauteBulk Power Supply, to dli tb. Pert/c~panle.

/'Those tewz~Ir•n fatlifties 18 be" acqui~red and• conatructed by tii* Authortyr during the* tlzme •da in the CommardUl pe:aton Dal of• the last of the generating fac/lties of the frojic.to be completed ic Order to meet lhe Inves~mnt reapoodhll]ty during audi tune in connectionwith any epeemant for an Integrated bzlnnmnIOII rytetnl to which the Authority may be a partyIn accordan.e wi th l prorhnos of Seti€on 802 of the Coatract.

The eddlUonad facilites of th.e Project sha.l be thee. additlop and inaprovemento to tireelectec g,,,ertlom. tnd related bauemlsrlon fadltluaid~'~ to the benzrshon eyesten fadhltis ofthe P~roject provded for In causes (I), arid (II) of SectIon 102(s) of the Contract.

8

0* 9

SCHEDULE OF EN'TIT dz•Tr fA .

L PARTICIPANTS' ENTITLEMENT SHARES OF THE OUTPUT AND~ 5E2LV1CE OPTHE GENERATING PrACELITIFS (INCLUDU4qG B.ELATEfl TRANSMISSION FACIITITES)INCLUDED ZN THE PRQJECT

- The Partcfpants' EntUlsment Shares of the output und ,erice, of thu en ioaaln fa,,litin(Including relatad tunemlsaon fahi~tie.) of the Projeet, and of the uerice provided by theAuthodty in accordance with the proviajon of'Sectiorr 308 of the Contract, hallD for uchPzrtJclpmst be Chose F, Cntiement Shaxus uet forth In the following schedhule; provided, however, •that In no event shl the •ntlemuiit aha.,o of any ?artcldp-,t be lear than that set foxih in thefollowing echadoue end psovtded, fur-ther. that In the eaent any one or anoue o the pol~luIeubdWvieon. Dated In the following aehedule shl niot execute a Power Saies Conts-zct with theAuthodty, the EnW•.tha nt Sh ,u of the zeinedlni Pa,-ticipants. a such Entitiment Shazu urenet foroth in eech column of the fo~qi.wng schedul, way be fnaeujed pta rita by an samrm~t notezceeding fifteen perce"t of =uch Entitlement Shlres In onder that the sum of the t e~dnnlz~Entltewent Sha~ree In each of the, following columns when so adjusted shall total 100.O000:

NmilawJ~nt EaUthrnt 1.s~d .,t2U1motelnt Pfret Tha

OCOT .SI0 0.644. 0.618 0.614

* A7JA.,-• 14.151 22,468" 10.412 10.0411• pAgNEVIIXJ . .0.5 0.469 Q.499 0,81

* LA • 0,981 0.960 0.,86 0.809TOWN OF RRINSON 0.065 .0.055 0.088 0.085BUJFOP.D 0.674 0.551 0.680 0.5K•CmA, I1.81 2.6o 1.807 1.71!CALHZOTJN 2.6 2•8 .B? 2.753CAI*LLA19i - 1202 1.104 1.088CARTRY• L 5.217 s.86 6.197 - 5.173COLLEGrE PARZ• 6.J04 (27q8 7.409 7.665CO].B.C 0.160 0,632 0.945 0.617COVI•GTONq 2.515 2.588 2.687 2,8T7CRISP COUNT? 2.548 8.258 8.86 3.410DOERU?1 0.129 0.a26 0.119 a.11DO.UO..tAS 2.806 . .640 2.607 • 2.609)SAJT POINT 7.66 '"2 '•6 "~ •r1o10 6-376

ELDERTOk L545 1.981 1.847 1.850

FAIRBUPN 0.94• 0.526 0.558 0.564I!72QOE.PA7-ID 2.899 2.7t9. 2.860 2,912FOR-SYTH o.832 oM 09 o17' 0.898FORT VALLEY 1.641 '1.816 2,562. 1.564GRZI•fL 0.090 0.089 0.088 0.012GRFFN 8.100 8,080 2.9bi 2.382ROGANSYfl.LE 0..3a 0.303 0.2.96 0.294

,1

0 C

L&I GRAIO1•

MAN3Y1'•LDMARIETTAMONXOE

TNOILCR&S01PAodT•Q•rrMA1TTO

TA.SGTO

0.5421.5394.1301.5270.051

~0.Eul.1.509

0,Z.82

0.95'7

1.7570.9441.299"5.'7881.0180.5610.096

lO0.000

0.5171.6183.991.2090.026

11.519.1.422o.2842.985

*1.5450.B330.2970.78'5

* 0.818*2.539

0.286'1.2174.8940.994

0.109

100.000

0.4991.504

2.082"

11.448"1.4440.9898.0111.583

0.55•0.TZB

8.042

1.216".4.4091.08L9

,0.4440.121

100.000

0.98.1.6058.1g82.148

•.2.5381.4520.4028.061"1.5980.5410.190.680O.7758.0890.9751.204.2821.0520.4240.12

100.0o0

"Tha 1n1t*1 E, tlasmant 8ba~r uk forth abbe ahz~l be' the Entttmaznt Shr for the periodcommencing with the Conmmercia OperU~on Data of htc{eh Unlt.No. 1 and emzzdtn Decembar 31I.

Tiha Entltemhrt Shaire ta Fist Adjustmenit shall be thu En~tiemwtSise fo• th'perod€ommuinclngfJanIuyr 1, 197/9, an~d mnd•In December 81, 1932.

Th• REttlament'Shai "After Second Ad.ust•nt shall be thu En~tlament 'Share for theperiod comm,-ncng Januasy 1, 1983, and eimdlng December 11,1133l.

'lb. BUtlaienhu Share Al Thrd ,Adjust. umt ahf be •]h. j•tJg•. Shae for thep*~od commencin Jnuary- 2, 1984, and ecding with the las day of . ther I• fteC ona

Thu A•uthodty,In accodance With the prnvli1rn of 5ecUon 811 of the Cotnbuc will Sellspor~on of the output an" .ervku ofuch widivided lntern In Plant Hatdi. Plabt Voit~e, •JtWanalsy, hnd Pln &chur" to Getorgia Power Company In accolrdmnce with lb. following

0

__________ e_ Ga. IVaw Ca.ThMt lort~an at tu Powur 8upp• Ymxr

Secood Full Powu Supply YurFo~lawlnl Ccmnda3 Oparatica Data 87.5%

ouTh.rdFull low ec 8u'ppy Ta"Faliawtng •qm.ra Operflti. "ate .oFcutb.Ful Power Buppl7 Year

FaUowtur OamdsJ Opet'atlo DLt" 25,0w•Sixth 7.9 Powar Suyp, YearFaowImvg~ Camna Opautioi Dais 2Bavath Fall Powar snpr Yamiyoaloowln Cwmardhl O~ea'un Nt. l2... %

mirof output a~d s~ak to GImaI1L IowIZ Conmpary sad each Pmztidpant 'blul izinahn liabl£01 it fUll Etrant SheW except ic U-btlit 'bal be d•ubszige" 1o the ataut thut Author•k

ecv paywait from Guorgla Power Company.

1I- PART/CIPM4ZTS' R4T'ITLTIN SH-AELZ OP BERVICES OF TRANSMISSIONSYI1l'I PACUA'ZE IROLUDID IN T8R PROJ.CT.

• pdtu ahali be dilarinlnd by the Autbaoy duing each Powur Supply Yesar fin m-ccnldn• with 1he pkov~o•u of Section 8080 1t t. Contkact.

B

I' *1 :

•oWE1s SALES CO'nTIICT.

.MIJN.aAJ E~.• LECTRI;C A•~ljOtITHO " oF GEORGI

* ThE UIJDERSICNKD PARTICIPANT

.Thla Svcund ..mrncdmewmg ur Cuantrlct niado and tuacred Intoa s ur' &fa} 13. 1iT;. by" sand b'en.a die.•I-nlcdpol El.cctre Aut.un-ir or CcorIL•, a public laoti, co'prmta antJ pol~tic and a pubifr. curptatrn ontiw State of Csur;b, hlr..nznatW soarnLtane dailpuItd u tie .Autlrity., aritdiy i.• pruit•una of 1 Ga-

' onirtnes drsIlrledal s theI Participt, ..

*WITNESSETH :

TH-AT; .

.U EI itwuanmlwred t.11 a Powur •a•lc Cu•ntruzci Id on Anvn•-mbnt, bath datl• ui da Mrch 2, 19, e,

WI LERLE.•q the ]putlr dezwe to znand ,old Cimit-t In certln ftiptta

For a,.d In ecmedmtlam or tl'e prunisa aind at] mutul wve'nan(s andl lgrenm, Imt hrfnltna'lr letfrorth, th aul/fltc2i of wbleh Ii h~ereby, aeknmvltadpd, .It Is apoed 'by said between the pou•rtial heretimu tolow'a

Seeden I. Subkatfn 1D2(r) of said Po/uj 5elie Contac whauln oJpor•onmla 5hwr" Is dq~flneLa haawlq delete In li tl oert...

•Section •. 5cct/. .400 or geld Contact La hercbr deleted I lb t entiety s ~zaidcFllowing new Sectond• Ia nlzbimuteeIoneu ihereofs

"Sectlon 403. Supplemental Thlk Poiw Supply" Taswut By Paztcipant. Tbe Purtkpont _shellt~alull of its Suptllemer~l Blulk P owes Supply hurm the Aulhorit and ihall pay to di AuthordtyItsahare of Minnual Su~ppuc-ntal Coats set larsi In tha Patkclpnt'e monlla- St/ng S~taisuit u •"dclamilned Lan aiurdsne wit Oat ftngnlpg pro~lons ol this Article IVan. ,o burittd bhy 21wAuthority to the Partrl~dpnt."

Section 3. Sad Amerndment shall he dfeecti for tach, Pa.ticpant u• cir the time of the !Ls},, l9.ameier raadrnls. The Authority i, hoive'rr. iut~lar/lx~ to ma't adjxutoenea Iwn, ior&I'n. emptal to, diepirludl Irma Febxm•ay 7,1977, to i Ot•€e'L~tl, e dote or this Amendanewt to off.se4th ili snirt b;. wlich thettatl of any :Partf'r{aut•s actual b~l~lal dur.ing such period eaceeded what Ii totsial ofucah bltlmnp ,wold.ij=yo beta under the W\ -9 rate. aaid adf'uzbwimts to b " a mt of pows suppl' de~zlopmmu.

Sectiom ,4. Sard Contsazt shallremain In luU bate and .uffgct u hereinema d.

I

'.'..2, ".:. ?; %" •

R

2N WJTNE33 W~1~1'EOZ Ti~c ~i~o~po1 £k~i0 Dr ~ ~'..4 i1~, Pad4~iit ~vecaused ~bk S~nd Amcndmej? af Qmb~d t~ b~ cwciucd In tbe~r corpot~ta r~mw by ther dtly.L1uf)w4~d dljcai 8~d ~ ~pOr~ s~'a!~ ta be ?~e:curn~ Impi~cd am3 t~s~o~ .11 of th~ clay and

* ~dU&IC1PAL ELEGThIC AVTHOIIITY fl~

yei-r !bit Sbovc ~7IU~

-GEORGIA

c•l?! oV' AD., "GEog~i3/

c~n7 /~4dP4j

•l ie B •

THIRD MdD4DMDr

POWE.R SAE coN'rRPAcr.

DE'TW'•I

T• 1 ThirdAmaantn of' Cnlac.-t Ina• and anaumd hlz ii of, Pbu~y 1, 1971: by and bat'waa theMhxu/€.ld factr',o MAba.th~t of Caotat, £ Ipub•o b*~ •.,pmu • a llf and p~Idc dauil mh ctponiufc or ttStauaof Ceazula, h.ruhaf.hr aontm dapa u thi Aualzdy, pmatad by the pam,•au at!T GL -I'S7.p. 107, u ija.md, and thi zmdaurnpui palikai mabdi~~d o" the Stats of Gmaqla, bhauzahaTr iniathn

. .. WlTNE3S STH:

guoaait bazud tbtt: Pawn Salia Coniac't an a Ajt n djt, la datod ii a Mazr• 1,iTv.-976 m-o-AmhmtdtdUo Mary ii, 1977, kid beau prndoudy gucuatd by maid bu~tmaa she MAhrn/a md a

falon Amtazimit: dtid

Wi ,S szJd Co~tnqt eztaU•.niataa that uididonal'pz•u~ may ha ' lulam by lb Mt t to po- .,Ldum lpwt of it' Nutkialt'a biafl ggw ivqidiueubadau uIt h auw, domasei • mad dzadb/ by lb.Partidma• • b A'thOZ . tha the AuUiah ,t u~qzut adItlomI ieenu cal pgI. Us pimid • port of

W~iIURIA, the Pmrtic•mptku d,,tmn.lned to ,apt IBIo i Piojast Tw Powua Sel~nia C'b otfuu dat

ydu/ gl md • l~~c rmvo refond to bedow sad In maibi. Pma€ldpmnt ia uUw aputpt madA wiatta

WM!AS Rh .a€ mai dealtbh to aud the m~t laoir Shn Caaibauw, m• t id u h•aBah 'uto uable the Auihodgy to mutzblh rnta, and e~haipa I 'deznnde to zUsgsrm t mam on• mbubdhb fa r' Sapplmenutal l Pauem Supjib mad di output roppilhi fr~m Pr '/ a mat anyqP~fiam'prrtjmcUto' wJhI Pmz1dg'ai roy @eauS q €aaudzt• anu to •uzzab th Arnthnalt• toaap•.uidtlsza tuintdon withtuipat toha ouazt put adurdua afih Proje-t tamsauir.

NOW TEOR.Z:

Pmr ad La ccamtaldsu at ofs AImprilm aid the muua1 comu~tat mad esre. ante heuutalt, mt focmb the*afluzq:•a of w/3 S.bemby lmnl cimewhdpd, t/ae aprd b~y and ktwe• th l~uduhretolml u fmuawc

I. t

et

102 thu folatdng daatfai:.(a) "7gjact Two" duff mama lb. Authai.y's accond project conszdpI orddlftanul Undsdd hiarai

ha.7Iaam Wanily and Scham.tacq~dnd puaniant to a iyda apwamtan~t urrthw Gaaia Nov•'C, zpy datad auof Anw~t 2t7, 1976. u amusdad,'•kL liioth ihsazdbad In Sec:cn 102(J) of lb thaFgot Twuowa Sl,Contant.

•yj wpj Two Powa Sai Contiact" ib,! m..n that nstafr Coatnectdad u ottba data huiuf'b.twain• i. Jwthrnrty aund tba atkput u she um~enay be a.,andadto fb~u~ to thUr 4w ualtlal to lb. paov1toof output mad rulatad sardc.u (oan Project Two to t lfm

S~a2. ma Power •Sils Coiac~t, a umnded, rr/smb• funhu~ •-mnada by ditln Sec.t•o 401 In ha

enutty and ',/bltuwuni In ]ha5l dias1or did fowlsq new Lastitna 401:.s• 4sa1. Sapplascnb Buk ?wurSupply Pw~dzs by Lila Autbod,..

The Auth'adty ill pautda wrcawa t ba protided to the 7atkmt Its 8tdpplanta Bulk PuwsrSpydurtol eachb month of.auzW lowr Supply Yea, Sur.h Supplamt~s Bu•lkior Suppl' may In.cliid.o but duin not ha IkhaId to, pastla arid If nqul~uaata 0 pow.: purchaui,. taa it poet:sarvio, rims sai wlo.Ba., cap~ity anid sna:ly, u's, bi,~z~on mica (bncludln Uita1mn•Jotartc piazohaza by the Aniha l•y lo.mipplamant tb.. Far tkpmnt'a .tladdamnt •iazu of't~iftllOaaa,Sa prutidad by Liii Authodly rr tos trmantan1/sgu 57dtm faldaa haludid In the ro*t) andothut intuzc.ania w, da msi anlahhu a zmink of iuamatone w4J othar •LthtfaL

saku 3. Tha Pout Sa•/u Cwil, s.t u unanndad, Is barclay Aa•a •amadd by ditld 5actI~n 402 In hapnatiay mad aubamtfutln 1 In thubmuo the t'ao~o na hy Suct•o 402:

* 'Segtan 402. Rat-- d tbua,1 fm Sui~ueaI nufd k PazSupply.* (a) "he Aiathouit may coutbine dii Annua SupptaanltaIComu with the anua costa of zay

Itjt~u pzujct.uoaulnkm b th, Azahdty. ba-baiJt lProjec Tyr. fot wbjch t/e Pmnd~mt kumzaimd a contact fbi. th output and nalthtdainica thurcot. for th• upapo of utahj•tah iatta maddia ,a or thu AIuut~zjan ai. ehllzh tor ui7 af'ach coat, a o, b~nato• n tar0 uupanta uta andibigu, tt tii db•redM of the Aaithodi, In aitbec cas In acor.ian= with tiii lrOatona of' Socta402 (b) ba.a

(1). The Audtority wi aitlahld mnd maintain (a• and nonilrcdnuhatozy usta aadtlwpm wwi1l provdes muuaa that as wirdant, but onl sufllant, tn piy the Annul Suppluani taut,,whithur om sot such Cciii usa nbladwt•M h• the m d c.nu of aajeo •m pmujati tma~rtae by tia.Autbadl¥. • lndu .?ndect T wo. for output and sund, s of whc the P mrddmnz hajaxani d a cam.

t.At() s=dthadr dshu -k ,tbt a~nt a inc atonib duda! n Iuch Poet, phy yarib puvfd-

In h Purkpant with'a DLl Swuuutt tar mach mont in m•.adle w•tt the uSia t I'chews•atublldisd pumamal to thu fonlgolau .proidaus of thus Sucto 402 [fi ta Iiuppleanmtal h• Pb~w.

* Suppt. Suc mmuty huh,1 Swmnt '41 incude a ca.dt (a,• mach di~my polat baomdnauntadldae ii ae arwoad, inano.d or opietad by di Pfu~lclpmmL Such Erlflh$.iatanant ahal he paid by

* .th Park•ma on 01 bfore the liath day hrsam dar des. ot~uch 1W.. Amount, dna mo nt pai bydi?aldt ona r batow amid data dialbia bm a diltfoag rhaip of roti mo4 ao~a4sWQ•l-2)parcamtpta month/' en, ea month, of (suction ha.! unal thu uauaut dial ta paid In F At the end of u•LPose, supply Yasr adjuanmums o/lalliap sk.l bqade. Inb a. coadsa with the aaftoaca1ou

209 Isrn! tmztIltt qt~ y.ta~lu~ tutu aind ch.gpapulp U mat to Sutcon 402 (m) baetaf

*to aacov~r an a combined baul Annual SuppLamuntai C.als and manna curia otra7 httas pso$•camdislaka by dii Authadty, I•ndiin PgJ~t Two, 1hz thu. mapt and ,,ia at ulhch thinPrlpan•wt hs mazcwud a moa•'d, ti. aalnhouy will LdmntL' on di. D•lt 8tanmat aubadd byth.anhd'7to dii ,P mrticpat ptmzaat W Seftton 402 (c) bmato that mutat of thu ra'a'a to ha ra-ealvd by dii Antkodrty buor tha ?aailcpmt piuamat to murb r~au aad rclwpa that I. allouable to tiepn0•,a, atrontly Annual SupL'•Lain .ta Cous.. Luch amount shl be the uew.aea to be recelved by

1

- \'

0

,o•wY.NO r/Y 1a3"; "1Yd'T~f•lW

UBI1~L~ 2An~UIUIJ JUL pus 1Ctp r4ijo p~z~ pus pn~z~oq @iu~'aw~ sq ~i u~wis @iaz$ios13put aiaiw6 p.xpoIpns £CDP £inp £q "we ~-'~ 'Pci ~ ~ 01 USz1K~O~ JQ S~PWWV PSs~ pams~ aur~ :Indpflhud G~fl pus w~io~ jo A3~1oq~ny ~~J1N1~ P6 F~~~1 SILL '~O3~IM ~I~LUMN1

~IpU~UL U2134 ES ~ pu ni@j ~nj a~swj1 ~jItp 1UIIUO~ PFS'S~P

- *'~z~uo~ ms~'/jt3~n J~p~n1~~ I~2fO1d pOUW JO 3JEUj WI4UJfIpfl3 ijindppE~ ~p a~ pvp~ ~ 5~"~' ~~V1SJO J~w2Iu ~' APOOTTV itD £q p5JI~~3J A~jwnt~i nuws~ jm& ~('is pa, pig uw4 jnimiy sqius pmuu~ sq 'sjqsij~U~tuiXa U~p 01 P'{' EUOf~3Uut11 JO flJU tp~ twj sp~oiJ ~s4~pw uuntwdppnj mq~ ci 4ddn; ~aoj ~ ~a~o ~1ouofl 50 .jqsfl2z sJ~w u i~ igtval m peinodx~ eq~q!ivs13i hZS~ uop~uiftihIpiis Luu UO~2Z~STP ~1I W .i:*auaq~u ',uo 34uZ~ JO sn~Ig 1UmU.~2~U3 Id~Id~1A1d .~ ~ ~ ~ Apids~ i~i~s aSuzw~i pus ~iw'fl~jft c~sjw pGtL1t~v QICLCIO.

uon~g u~s~id Iiz~sqwnuzi ~q ppu~as zaqzzrs F~SZO1(q)I1~W~nS asa s Iu~ppi put 'C'fl!C ~p~o; ~

as EiqiipJ ~au1~o. w~p aj ~uw.Md e~zd puqelJ'pie Lgs jo i~jo daUikd 34101 /~1PQ4I"Y ~41 LQ P'1I~IP WU 1U1~PPJ5d ~P ~J ~1~I1~V 5~

~

FOUATH AMDMZi•T

Tnia Jriw=h Anend-mnt of'C.o;trut. , .naa m u~ter tto u. ot Mk I. 1S0. ",y sabetwen, th- Mukfdpal Electri Authori of Ogogi, a public body carponta and p•1U

Authoriy, =uste by the prcvlalonu of I Ga. L. 1i575, p. lal, am sm-de4l ari th- udn~dgnpolitIrcal uubdivtdmu of thu State of' Georgia, beru.nfter zozoetmta dealgn•d an thu erticpun.t.

WITNEBSS!T H:

]5z it rememzbered that a Power lila. Cootrat mai an Am•enmen~t, both dated amcazh1, 11J78. a Stcond Amedl~'met dited mat lua 28, lfla aId'3• a Third/ .Amenldlmet date.d

* tbrumay1 131, have bulleen FSYvIauzl executed by anld between the Autesty uit the*partlipmnt, arid

W13IAS., the Purttclpurt mod the Authority hae dutazmlnd.tbat lit a In thtir beutInteresta tO mail the Autb~ordif- Uintrest La Schser• Uulta Thee mnd Fo In uacb of Projtct 'Oteand Project T~wo aimd to ao•:•r adliom generating[ capai:::ty "ubltanttaf17 eq to h'lnvuta jo sod I n accordance with the pruvzlma of the P~rojeo Thrum Power B~lae Cou'tr•centered into by the Pauiat aid the Milhorfty macf the dat of thuJ AindmaInt; anid

Wn3ERiZAB, It I- neemeur7 mnd daalzabl to a~mend the maid Power 5.1.. Contract, eon-ahstuzt wth the ;Bad Pleeoutuoa, to (I) rsdfn the ProJeet moau" to anlud the interets La

* Schene Unitta Three and Four which are to be dispose of by the AutbOz~tT, and (II) to reviagthe wrhedu~a of saes of output and uervlcu r~m Schmrer Thdtm On. snid Two.

For arid In acnalduration .0 the premla.. and the mutua ovtnanta. mrod agreements hera-Iatermt foth th kUffidancyj of .whi.lh Is hereb:y ackniiwledged. It h a agree b nd betwem

Uactfan L The attarJhment to the Power Sales Contract entitled VESCRItTZON 07pEOZCl"] S5 u amended, 15 L~eby. LtZh amnded by dilating UNCKon 1(d) In Ite en~tirety rmabatftutlog !, lh thereof the following auctio I(d): ' "

"(dl) Piart Se~herur.* A ten perc-,,t Ui~dsvde I,,teest In the two 810 MdW rioitntef, ritld eoal-fired igenerat~inmum~ Iz• be knorn u the Robert W. Schrn Steam Plant Uoftm, Nmbens One and Two (la-

dlvidual7 designatted am Seherer" Unit No. Oam au'Sher Unit No. Two) to be loctd• nearForat 1n' Monroe County, Georgia, incluadlgIn i suc h unite (I) land dalfe luemd and de-acr..ibed In Georgia Powe r Conmpany Map File N.'85,J dated Dece.aher 19., 1174, contain~ng

approxtinit*1y twunty-w~en 2igndred ,cru, tojather with suth additional lnd, of approzi-:w~t*l t-,, tlwiidn wart acqnlrd or to be Lequfrsd tor zat in can€on with Plamt Schaera,to be recorded to the rueorda of the Clerh a! Bupalr Court of 3mxoe County, Georgia .xd,11 land right. per~taining I tito, (Ut) the turbtne-iario' the boflara, the burldlphousingl tht aae, the alat.l, the cooluing fa,,l.tfe, the usodata aulfari a equ.l,.ant,.and the related transm~sto faciltle, aTl ii mwe parilcularly 4.czibed in lb, envlumsttIImpact etatment reltilng to .Plalbt Bcharar, .(UI) lnv.~tories at inatell,. rupplies, ultoolsa and equiprnect f or zee In connaUon Wfih •Plant Selierr, end (Iv) a~n amount cijual to 5.0

Sectfon 2. Th attaahmzmt to the Power Bales Contract entitled 'St~ULlZ Or 3(-T£rJxfT .AZ , au amended, Ia herebyj furthar ainaided byv deleting PlantSar

new schedule at aalu of output aUi aurvicem to Gor•i~a power Company fim Sceiar UnitsOne stud Tyro uiollowa:

T/he Authoit, in accordance with the proviju of Section 311 ci the Cotant,• In*oiudato aell a pnrtaon €f the output end earvicee of the Proje't to Geria• P'owr Compan tn ac-cordance with the foflowlo' sedule:.

I

That P~ortU• of thu PowerSupplyYeaRzmalnIn5 Afe thu Ccena2• Oper.tionDate of Sce..era'Unib One or TWoFlt ull Power SuplyTeyarmFenov~ln Couziedal Operaton Date"

ThrFa PowerSupplyYeaFollowing Canze• a OperationDateFourth Fkf Power Supply7 YearFollowing C •za Operation Date

Fobllowing Comrudal Opertion DataSixrth Full Poe Su;pplr YearF•low~ng Comrca O rtmtonDat.Seventh Full Prom. &zupply YearFoldlowingi Conm~rdaI Operaton DateEighth lul Power Supplyv YearidwiiCaeid*I Opeat-on Data

Nithl~lowernuppl'Year.Following Commerchal Option Data .

ciSl•tmiorsa'•e.

'o0.o0%.

,0.0

50.o0,

20.0.%

28.0%

1nn~The A•atbnt ny inV Ito diseretlon,, ertabliab cumelay commercial operatio dalaa for

units ol the Project for the purpose of the forl.o•n scedule and uu• da-t. may be dli.

of the Coziract. The establlshmeant of the foegoing achedlel Ii not Intended to limit thepower ar the Authority Fanted 1 Section IIlI to MU1 and exchange power end eneargy fromthe Project. •

2

iN• W1TN WHrEOF, Tbq ,Munjcjp, E•lec•' Authorhty o• Georgira su~ tha Pa-•. -pomat have aauud• Uih Fourth Mutendznent of contra! In be vcmuted in Uhefr eorprat. Jname:by their dJia•y aut~orfd Offlcure •d iIa1r €orporte 5el tD be hereunto £rmp~eao an4 at-

* et$,2 y•day ad lf" lnaboyeit~r,

MUICP• °E hC tmO"T

Becxe•&ry4•rniu..

ITHAMENDME rrPOWER SALES CONTRACT

BETWEESMUNIIIL ELECTI AUTH^moRIT OF GEoRGIA

THE UNDERSIGNED PARTICIPANT

T ]his Fifth Amendment of Coatract, made and eatued Into u of Novemnbe 16, i913, by andbetween the Jvlunidpa| Elact~ie Authority of Georgia, a putbli body eorpourt and polilda and a publiceornpoeatiO of the Slt.t of Georgia, herefnattnr soemdnie designated am the Authorfty, created by thepevitions of I 0.. L- 1975., p. 107, as amnised (Tide 46-3-l110 .C.G.A.), and the widersagegdpolitical subd|v(a•n oldthe Stats or oSOIrh* he~re~nafter smmetima~s dhlW~tad las the Pati~ciptat.

WITNESSETH:iB it rememb~ed that a Power Sales Cont.rtot med an Amendment, bot dated u of March 1,

1976, a Second Amendtomt ludtdu as' ohMy 25. 1977. a Third Aznodmui[xt di tad Feblruy, 1. 1971Sand a F~ourth A~mefldumet dated May, 1, 1910. hive been previously executed by and between tii.

AUthority and the Prticpart; sadW •EIL.. the Partkiciat and the Authority have detemin~ed that It La In thei" best interests

* that the Authority undertake a l ouzt/h project las accrdance with the pruvioshnof the Project FourPoew= Sale. Cesitract entered lnto by the Par'ticpant and the Authority us ofth.= date of this Amend-mont, which ii reason ably exrpected to rez'alt In a more econuwjcal oyerall Bulk Power Supply to thePaijiciant and other political auxl.,bdhons contraedztg Witha the Authority' there.fore by maklnj theou~tput and reLated sconces of.Project Four available to th Particpsant, ad by roa.Unahl the Authority'i erea'•e €ostain ales of the cutput of the •'roJcct and Pro ect Four to oth=r utilitie whi~ch IsIntended to lmprove substantaialy sho matchbing of thu output of both the Pro~ct and ProJect F~our tothe Paztidplant's Bulk Power Supply requkame'nta; aud

WHE:REAS. It Is neessarny saed desirable tO amend due's.ld" Power Sales Contnsct. consbstenatwith the Bood Raolmzdon, so as to revin the schedule of aria of output and anay~ce from Vogdle tlitNo. ! azid Voguel UnIt No.2.

NOW THIORLEFor lad In canilderstJo of the premise said the mutual eovenants.Iud sarsements herelnaft(a set

Ibrtb, the aum,-eecy of which Es hereby' ackuowledgd. ht ks ireed by tad between the purt/o heretothat uuld Contruct Is A•ter amended ma follows:

Seteeoy 2. The etlathmenut to the Fuwer 8311 Conlrate entitled "SCHE.DUL.E OF ENTrITLE-MENT SNRA-l] t m , an ame~nde, ii heeby furth=r amended by' daletingJ the rufuenc Co Plnta Voguefro th. schedule of sale-ofatotpu and senrvices to Georgia Power Comtany., an addin. anewschedule of sales of output and servica to Georgita Poer= Company' from Plant Vo511 as follows:

"The Authority., In accordance with the provialons of Suction 311 of th,, Powe.Salea Coaitract, uamended, ad subJe.t to the proudaosus of the Alvin W. Vogt/o Nuclear UniteN'umboas One and TwoPurc~hae, Am-"dment. A~ulgment and Aasurp'dfon Agrwmnnt, dated as of November 16, 19B3,between Geor~li POwer Company sad the Autherlty',.lateeds .to Eel t portion of the output andmcrvlc, or It. Project One awuerubip enthzleinct In Vogule Units ?iumboar One and Two to eO~rgiaPower Compuny in at,-ordanen with the following scehdule:

0.8

"A. Au to 77.966'A of' the output U•ocled with the Authorhtya Praoject One ownership entitle.meet in Yogz~e Units N1umlb.ra O•e and Two, such sale shall beas ufoUowst

haue Sapai), Wer Cset _

That PQ~Itlo2 of' thu Power SuL• Yeu~s•ez~nai|n Aftor the Comm€ Operat~onDate off a DnitoffPlint Yolile "50.0%Pint Full Power Su~p~y Year"Foltowing Coimmea1 Operadoa Datte' 50.01

Seondu, Full Powinr ,.upply YearPFowlelow omerclal ptratloa Date 37..51FThlcjowFUll Power Supply Year .Foiolo Cammert Operatica Date 37..51Fourth Full Power Supply YeswFollowing CommuckidOperatlen Date 25.01Fifth Pull ]Power Supply Yes.,FollOwhng Com~merci •atl O uo•Date. 25.0%•luth FI! Power Supply Yet.,Folowing Commrn al~ Operation Date 12.551Seventh Full Power S$pplgyYearFo~iow1ng Commercia Ope~radn Dae- ,. 12..5%

"Et. Aa to 7..1451 of' the output uisOciafe wi th e Authorftj's Project (oe owoershp merttib-ment in Vogtla Units lNnmhen. One and Two, suc saebs to Oeoria Power Company aheil o equal to1O00 of the output and sevcu beginning with the Cnmznucll Operatleu data of a Unit off PlantVostle end continuing unti the ant of the fourteenth [full P•ower Supply Yea r f~ollowing the PowerSupply Yea r in which the Commercial Op•tflonl of uc Unit occcw•.

TMC. As to I4.6191 of the output usoclatud with the Authority's Pr~oject One ownership enttlec-ment In Vogtle Units INumbers One Lad Two, such sals to Ocorgia Power Company shel ho'equal to1001• of the output and serndcu beginning wit the Commecial8 Operatla• date of a Unit of PlantVotlte and shall CDOuJ¢ until the later to cocur of (l) rcetismet o~fsud~sU.Unh or (1 the Izst to occuroff the latest date staled [for the payment of' the plndpal f floods or of' prvision being made [for such•yinnzt fa ncourdauc with Section 1201 of tb. fland Kesoipstion.

"a. The e•mahliybzent of she [forteo•Ig schedule I, net intended to limit the poe of' the Author-ity irauted in Section II!I to soU and aezlngo .poer.u and ¢nerjy hum ]Pro~ject 0..."

.Seetlois L Thne hfoll/inw ngw section to be known as "Section 213" is here~by added.

"*Section 211. Resale Co'venant

Thea Participat agrees that it will not, without the expires written consent ofl the Author'ity, enterInto Jay contrare pusu'ant to which a noneneupt person agreon to take, or to taki or pay for, powerpu.vhazed [from PrJcct One. For purposes of the precedin sentence, "noixzempt person" skullnmeanany entlty which Is not a state., tmnitozy , pnsse o of the United States. the District of Columbia,or any political subdivisiona etorof, and which Is jot ,serapt from etaxato under Section S0t of theZnterua.l Revdnus axe ol11954, as amended."

2

'S..W

IN WiThI•SS WI:IFU.OF, the Mi:inicpl irlccro Au~hrty at Georgi, and the Parilcidpitbay: css lJFrhAedet fCa~c oIa • the.. ax-jiorm by he duly '.

authadz/ad oD•cvian cbi r orpc.uu ai• to h. hueuoi Eprcsee4 and atiated all of •te udat)ICB.* Brt above wyltee.

MU~cnPAL. IL~CTRIC AUtOrI~otr. ~OF GEOROG•

Api~tuva AJa To For-,

^TT: /•QK3. •,-. A •Saerctary.Trcaztwe•

A•pp~ovd Ai To Forii

S $ .,

,oaf .azwa 1, lESS. by and b•twan thea I•nicipa3 E l.€rl MtlboLty of

Geor-gia, a publio body wzrporata axi.pali az a p•lf •rcia•

of the St.ate of Georgia, herminaf tar somratime referred to as thu

Aitbority, oreated by the proviuioc. of" I Ga. L. 1975, p. 107, as

ainded [Title 45-3-110 O.C.G.A. ), and thu tondamLgn,, po~ltical

aubdivimion o-f the State of Gszrgia, heru~iiafter socut.jiI3 deuigna~ta

WIT N E,'S ET•

May'25, 1977, a 22izrd •Muzmt. dateS Mrii 1, 1971, a it•.t 1~mS-

date Y a-j1 , 1980, an a'ZLti~t, A.mdumnt a~ta! as o• tbvunber 16,

l98I, have all been mixecuted pravioily by and bet~e the Aaxtholt

W•RAS, the City of ~Ozd= ('•ozn4" hiatch haa pr.VIO.ly •

receved its 'iolesaim'povar supply fro the City of Cowintgon ha.

'•S it La i the beat interest of the ]7uthorlty, the

Participant. and Oxford for Oxford to boau a Participant '• the

woitioa of a t1vamr Sales Qnatzact.

0.

Ior and Lu ca•,iderat~on of the premises and the iritual

coveaat~s afr5 agreen~nta hereinafter set forth, the au~ficiLcy of

which is hereby a~c oiLedged, it is agreed by ar• between the parties

•h~~etn that said Conftract in forther miae am follow.:

Sectlon 1. Tia 3ittri¥ is" he~reby aiitbirha to enter into* o . • o -a ova• Sales contorat with oxfr in e•uI~tahtly t'form o r

r• Sale Contract, an as~it5e, with smch duarg an •ay be required.to uak auch ~otract aplica~,1s to Oxfor, ga~A to prowits Uxord with

an EntitlezM~lt Share .ot 0.!19, and an appropriate Transmission

Entlitlenant Share calculated in accord]ance with Sectons 306 of the

?rSales Contra-t.

Section 2. Th• Autherity iLs author:'ze~ to pro~dz• a px•1•o

* of Oxford's Rntitlemsnt 5hare from this Farticipanit'a TJntitle.uent

Share pro rata with the othez .Partlc.Ipante approving thins Sixth

Aw~fnt.

Se€on• Thu8 PartIcipant agrees to ccatime chliated

for iru full !ntitlemnt Share without deduction for tbe pro rata

portion assigne, by thu Axatlority to Oxford:' Proside bewu, that.

the Auhoity heeb agee t~hat it will tak all necesaryT action to

enforce t1he payment of all suma aue by Oford for .-its Zntitlinzmt

Share, and this Participant shall receiv:e creditt for ita pro rata

Section 4. Thls Si!xth •~t shall beco effacttiu wie~n

* such a~nmn.t has bean al~prcvmI by Part.icipants whose 19855 TraMsmte-

elan Zn•.tienmn Shares represent ii the n jaggag , zot les thta 75t

* of the total Paricipant.' Tran.5z4eeio. Enittlement Bhazes for 1585:

Provided D• however, t.hat th~e Au~o'rf•Ey •¥mayake .ezvice to Oxlford

ret.coact~ive to Jswnax.- l.A 1986.

f'• HXIIS~8 WH•OF, the •Ml'cipa1' Eler~ic A.ulbority of.

Georgi~a and the Parti/cipant: have caused this Sixt~h A•ndment: ot

Contract to- be exoz& i. theii.r~O mt naes by their duly aUr

.1x3, officers an thi corparate salt.l to be hareant~p /.tresidean

att.tttd, a3I as of the data an, year first 3k12V wrlt±Si.

N.1~

I

SEVENTH AJi•NDENT

POE ALES CONTRACT

&UJNcIPAL. ELETRIC A IThoiY CF EOReA

- THE LftcERSrGNED PARTICIPANTI

ThIs Seventh A, endment of Conitract, made and entered into a. of

May 31, 1989, by "and between the Municipal Electric Authority of Georgia, a

public b~ody corporate and politic and a public corporat~orn of the Slate of

Georgia. hereinafter aomatimes referred to as the Authority, created by' thg

provisloils of 1975 Ga, Laws 107. as umended (O.C'.6.A. 6 48-3-110, .•.t i_....),

and the underlfgnied po.litical aubdivlsi~n of the State of Georgia, hereinafter

"' soemetieswaduuig~iiated as the Participat. "

I IrNESSETH

ESE it reim~berqed that a Power sarlee Contract slid an A, endienlt, boti1

*.'dated as of March 1, 1976, a Second A~mendment dated as of Mtay 25, 1977, a

Third Amzendmenlt dated a. of February 1, 1978, a Fourth Amendment dated as of

P•ay 1, 1980, a Fifth A.endment dated a,, af Noveiber 18, 1983, and a Sixth

Muendoant dated as of .znuairy 1, 1986, have all been executed previoutsly by

and between the Authority, and the Partcipljant; and•

WHEREAS, thu Part~icipant an the Authority have determined that the

financing of transruiiuion syatin facitities after thu commlrcialop,,ratlorn of

V ogtle Unrt I~o. Two Is ta be continued as a pazrt of.Project One;-end

.' €, '

WHI'EREAS, a contract1 with. the Southeastern Power Admainiatration (SEPA)

permits the Authority to •heel "SEPA allocations for tunicipal preference

customers within the State. of Georgia.

i•O, ThEcREFORE-

For and in consideration of thin premoises and the mutual covenants and

•agreemmnta hire'inafter alt 'forth, the:' sufficiency of which Is hereby•

acknowledged, .it is agreed by and' between the parties ihereto that said

Contract Is further aaandod as follows:

PROOED AMNCIAHTS TOPOWER SALES CO)NlhACTS"

Section "1. Thu Power Sale$ Contract, as amendedl, in herebhy further

amended by deleting subsec~tton 192(s) in Ite erntirety, and• substituting a new

subsection 102(u) to read ma follows:

"(s) "Project' shall mean thoul electric generation and related

tranamiaslon faciliti'es whIch are idrentified in the Description of'Project

ndthose transilssion system facl~lties to which reference i4s made in the

Description of Project, together with .(I) any major renewals,

repiacements, ropairs, additions, betterments and improvements necessary,

in the opinion of the Consulting.Engineer, to keep the Project in good

operating condition or to prevint a loss of revenue therefrom, (ig) any

major ad~lt~ons, /reproveaunet, repair. and modiftcationa to the Prolect

an~d any. decoanlasioning or disposals of the Pr'ojwct, required by aily

governmental age~ncy having Jurisdiction over the Project. or for which the

!W•

Authority shalt be responsible by virtue of any obligation of the

Authority arising out of any contract to which the Authority, may be a

party relating to owner~ship of the Project or any fac.ility thereof., Mnd

(iii) working capital required by the Authority during constructlon of the,

.Project and for the piaciiig of the Project in operation for providilng Bulk

Power Supply andJ SEPA power to the Participan't.."

Section 2. The Power Sales Contract, as amended, is hereby further

amended by deleting eubsectlon 30.2(c)(2) in Its entirety

Section 3, The Powr Sales Contract, as 'amended, ie hereby further

amended by deleti#ng subsection .•O5Cb) In Its entirety and by substituting irn

lieu thereof a new subsection. 306(b) so that when so amended subsect~ion -306(b)

shall read as follows:

Jr(b) The Authority may aI5Lue respo•ns~b|ity fo'r .t'runumleslon ofSEPA"

power to Participante and other custoaeru of SEPA, provided that the

Authority shalt recover at least Its costs for such transmission service.'

.. During any' Power' Supply Year In which thin Author~ity has reeponaiblility for

transmission of SEPA power, such transmlission service shall be provided by

the Authority to the Particlpants and, other customeers of'SEPA by accepting

•delivery of such SEPA power from SEPA, for the accounts of the respeotive

Participants and other customers of SEPA,. anid delIver~ing such ,SEPA power

to .such Participants and-other customera through use of the transelsison

nyu..: facllitises Included in the Project, and the AuthorIty is, authorized

to* ircr~e~se Ft. Investment in, and the annual operating costs of, such

tr~nsuisa~on system faoi'litlea as may be required to provide such

transailssion "service. 'The charges for such service shall be calculated

and collected by the Authority a. provided in Section 308A hereof. All

;amounts collected by the Author.ity for such transaission service shall be

appropriately .credlted to Annual Project Costa In the same m.iner as other

credi ts pursuant to.Sectlon 311 'hereof.N

"Sect ion 4. The Power Salea Contract, as amended., "Is hereby further"

waende'd by adding a new section following Section 308 to be designated Section

308A to read as fol lows:

,Sec~t on 305A. Calculatiorn of Chortles for SEPA Trsrsmiesion Ber, lee.

The Authority shall establIsh a ratzi (eapressed In dollars per

kilowatt per month anqd determined utilizing the annual daliar costs and

billing duterodnanta) for each month of tha Power Supply Year for" purposes

of delivering SEPA power to the Partlicparfte and lother cuatomer~a of ,SFPA

which• are not Fartci~cpante ('non~participant cu~toalrs') for e,,ch iinth of

the Power Supply Year. Such rite shail be determined for each Power

Supply year by dividing the aur of (i) the Annual Projec~t Transmission

FlxedI Charges, (ii) the 1Other Annual Project Transmlaulon Coats, and (iii)

amnounts, If any, which wuat be paid by the A•uthority for the purchase of

transmlaeion servlces for the Project under itt Integr'ated transmlssion

.yesui agreemen't with *other utililties; in each case as budgeted or

*ist~imted to he Incurred for the Power SupoJiy year; by the sum of (.a) the

highest annual one-hour Integrated ca'incident system dumad of Bulk Power

Supply prdvlded" by'the Auth.ority to all of the Particip~anta, (b) the

higohest anunual SEFA capacity delivered by the Authority to) the"

I -.** ,.-Participants aind nonparticip~ant c:ustomers, and (c) 1115sddeiand c•'edits and

transmission losses, if applicable, incurred by the Authority under iti

integrated transisiision systeu" ;greejment with other utlilities that are.

propmr~iy pilocabie to ,the SEPA capacity delivered to the P~artlclpmnti and

nonparticipant customers, in each.caue to be supplied dljrlng tue Power

Supply Year'; with thu re~sult, further divid~ed by the num'er of months" In

the Power Supply Year: The amont payable by each" Participant and

nonparticipant. customer for each month of the Power supply- Year shall be

the product of the rate, determined In accordance with the foregoing, and

the SEPA capacity delivered by the Authority to such Participant or

nonparticipant..customer of SEPA, during the respective manth of the Power

Supply Year, plus, in .th•s ease of nonparticipant customers of SEPA,.any

•applI IcablIe surcharge," "

*Sectipn 5. "The attachment to the Power Saies Centfat~t entitled

"Oescrtption of Project", as amended, is hereby further amended by deleting

* the paragraph designated "Additional Facilitici" in its .entirety and

substituting a new paragraph lo read as foilows:

"Acddit ional Fac ili t ies.

The additional facilities of Iha Project shall be those

additions and improvements to the electric generation and related

tranmission, facilities and to the Iransml'sslon system facilltl~es of the

project provided for in clauseas (I) and (ii) of Sectiopn 102(a) of this

Contract; and those tranemiasion syates .|oolltites,• renewals,

repiacanenla, repairs, disposals, "and additions, betterments,

improveinanta, and modifications tlierbto, acquired or constructedl by the

Authorityv subsequdnt to the ComerofaI Operation Date of the last of .the

generating facilities of the Project to ba coepleted in order to meet Its

Invacttment reaponelbiiity in connection with any agreement for an'

Integrated traniiniiiion eyiteo to which the Authority may be a party.

IN WIfTNESS WHEOF, the tiunicipar" Electric Authority of Georgia antd the

Participant ,ha're caused this Seventh Anendeant af Contract. to be executed In

their corporate uiams by the'ir duly authorized olfi:ers and their- corporate

seals to be hereunto inpruamed and attested, all as of the data and year flint

above written,

I&WCIPAC ELEmCTC AUrhOUTY oF GEo•3A

APP, OVEOASrTOnF(iW:

G en-etdJ CotnSe O;'" Sereary.. . •re

APPROVED AS TO FOiW; DY:

AMENDMENT TO POWER SALES COT1RACTSBETFWEE

MUNICIPAL EIECYRIC AUTHORITY OF GEORGIAAND

1-EUNDERSIGNED PARTICIPANT

This A.muaimen± (th "m IVannrii') h made and mntugh intoae of Januar 14,

2ooS by and bew• th Munxdpa Electia Athouity of Gerga a public .body

ccuo~ru an politic and a public coipruioc of b tah e of (uxgla, bans

aozmctizes referimd ID a the Authority, created by the provisios of 1975 Geii aSh

10o7, us amc (o.C.o.A § 46.3-110, at eq).) and the undrued .politica

W ITN E SSET I:

WH-EREAS, te A .ud~rly and the Puricipan nmd into a Power Sal. Coc•,ua

daorad am of October 1, 1975. a First ,Amadmeii date as of M~arch 1. 1976. £ • ca

Amezmu daedm of May25. 1977, a ThirIAmd mmit dated as of Fcbruay I, 1978,

a Fourth Am•Iendnt dated as of May 1, 19W, a Fifth Amen,,,endated as of November

16. 1983, a Sixth ALnmantm•da• as of Januuy 1. 1986, and a Seventh .ma,,in

dated -, of May 31, 1989 (h'a1'r uwjet One Powver Saleu Confra-t"; .,,a

WHIIA. the AMlhoiity and the Pantidpaa antmd into a Power Bale Caatzct

daeda of Fetruazy 1, 197B. a Fist Aniand'nt dated an of May 1, 1980. endi a Seccad

Am• at dazed as of Jmnuay 1, 1935S (b'nf "Project Two Power Sales

Control~; and

,lrti IM7I•Ul

WHR ,S (he Anitonty an th Paricpat eut•d into a Powe Sae Conbtrt

"Project 'Three Prwe Sal.• C~orumct; and

WELEREAS, the• Aniherity anud the Partdicipnt ax•e it a Power Salci Cocrzmu•

dated as of Novanbr '16, 1983 ,rod a First Amendment dntn a of" Jauiy" 1. 1S56

(h.erein[aftu'rojcct~our~uwerSalcaConuctn"t; and

WHRES the AUmhCVty md the Pztkic.pant wimb to exou th tam of the

Project One Power Sales Conuract, the Project Two Power Sales Cimkuct 113 Project

Th.Power Silas Ce w trod the Project Four Power Sal Coufrnct(benfr

s om~n•a refmlne to co~eotively as the "Power Sales CCmanW t•'o the smadmwn

pesiod allowed by J•w and

WHRA, the Authority has det~minind thaI it w~ill Do •ztand. ei~ng

f~ici~on debt., but excludins o~1stkn debt pelinig to wdrin c~apia and nuc1e•

ifzel wodbig capita d•t compom• beyond the e~iatin tarn of the.Power Sila

, Conhnucb; and.

WHER.EAS, the Authcvty and th Participan wish to provide fiw a methd of

allocation of the outpu and seve ,mid coals rlting to Projec Tw.o, Project ihu and

Project Four fortli period ofii thetan extesidon ofthe Power Sales Cn• eran

to such Projects as wel u provdin for an ademen t to the Scedl of Obll•a~iou

Shm- puenn to Project Pour.

NOW TH R KFR for and in cosideralion of the pzrrmiii sad mtual'o

wovannts and agrvanmt berist met forth, and on'ooiu to provid fir €iuain

-2-AFLDIfl IW7~I

c~hange in thu Power Side. Contracta it in elided by and beseeai the Aithority ar4 the

Pazipn thai the toas oftthe Power Saleo Contrict shl be amwnded am follows:

S.ect11 2. Ez~teislon of file Term of the Power Sales Coutraceu.

Thu Authorty and the 'Pwticipant.hececby ext.nd the term of the Powe" Sales

Cantruct es follows: . ..

(a) The tam 6i the Project 0c Power Sales Conflict is ba~mjy

exaide fro,, Mui 1, 20o26 Imd J,.e 1. 2o54 (bz'eia1. 'a•jec Oje Tam

(b) The tmn of the Ploject Two Powu Sales Coofruct is bauzby

eitendcd from Fetxusy 1, 2028 unt'l June 1, 205,4 (hacnafl.( "aujocc Two Twin

Extaiclon Period"),

(a) The tam of the Project The Powe" Sales, Contrnct is baenby

crtamdtd ftwan May 1, 2030 until Juno 1, 2054 (haerlnafl ?roject Thrne Tern

Extesilon Period').

(d) The term of the Project Four Powe" Sales Coatz•. in hmnby

ertauded fttuz Novcmber 16, 2033 until Jim. 1, 2054 (h.ainnflN 'Prject Four Tham

Ex1stms Perod").

Sectlos 2. Allocation offroicclTwo..Pmiedt Three and Protect Four.

Section 308(a) of the Project Two Power Bale Coafrec obligate the

Aiiar~ity to provide to eac ProJect Two PartciproL. and obligats suc~h Paslicipat to

take fleas the Author-ty, the output an services of Project Two hased upon the rues mnd

cujuestablished by the Authoritypunvuant to Section 307(s) of the Project Two Power

-3-

sales Cobc The Autlbmty and the Pazticipant hereby age that duri• the Piqe'Two Tczm Extawin Pined the output mnd auic and cot of Project Two ibiD be

allocattd to aud Project Two P'aitcipant based u~pon a pwcemtage derived by dividi!2g

the toeal p,•imt made by eac Project Two Paziipae1 for debt wvice tani for caital

oasdinirng the u•tiruty of the orginal trai of the Project Two Powr Sales ak*

iadjusie1 to presen valu, divide by the total pilineaita made by ,ali Project Two

Participanm• for debt see'vice and capitall coal' for the cort of the original tiarm of the

Project Tzwo Pow• Sales o•ntract al adjuslt to pra value (btnfa '?ztjec

Two Bilhipg Shams"), Thu piesetit value calculationta i be bawl t•o a diaww•

factr equal to the weighted average ines .coat of debt melatin4 to Project Two dtcing

the entirety of teoiginalm trnm oflruject Two.

Section 308(-) of the Project inm. Powce" Sales Contract obligazcs ths

Autbcmmty to provide to each Project Thro Paztic~pet, end obliptas mach Prtricipant to

take •v the Auhat,the output and aeuv c of Project The based uport tharut and

charge. atabliau by the Authedly purun~t to Sectio 307(a) of th Ploect Tlnw

Power Sales CautacL The Authority mnd the Particiant henby £wuee that diring the

Project Th.'. Turn Extansion Period the output and mervicee mid cot of Project Thmee

ahatll be alhloil.d to each Project Three Participant baitd upon a pae, ntap detived by

dividiz• th total payments made by each Pro.ject Throe Patt-npazt 9* debt service mad

for capital cost din-ng the artiruy of th org !a tmn of the Prcect The Power Sal.

Contract aidjusted to •si value, diUvided by the toa payrolis ma by -11 Project

TrePatic~ipants for debt survice mc capital co for the entiret of the original team of

-4-A'7Umlf Ill mi.svt

teProject Thn Power Sanes Comanzrt adjuse to pzsr• value., ( ~enafle 'Pnojet

imBillmin Share"). The pz• value c€alclaion sha be based upona dicom

fat qual to th avmige weigbte interet coat of debt relating to Project The during

the mii• of the oiiginal teum ofPnmjoc Thoc.

,ec€ion 308(a) of the Project Four Power Suica Coatr-c cbligate the

A~iuorty to provide to cuh Project Four P .rticipant, and obligate. eu Pmriid~mn. to

take fro the .Authodiy, the output uzid in'vucea of Project Four based upon lbe rate aund

charges eatabliaecd by the Autboiity pumannt to Section 307(a) of" d, Project. Four

Pawer Sale Ccnb Th Authotit an h Pwrticipt heeb age that dii th

Project Four Term •xuaa Period the, output and miic and cola of Proje-t Four

cakbe allocated to eca.h Project Four Pirticipant based upon a pcreaMge daiwd by

dividing the total paw•t nade by each Prmject Four PamtiCipmal for debt s•vice mnd

for capital corna during the aitirty of the or~i~nal lain of the Project Four Pma Sae

Coauct, adjusted to preseci value, dividedl by the total paymenfa wade by aLl Project

Four Participant. for debt'sayice and caita Cot forithe aittinyof the miginal lai of

the Projct Four Power Sale. Contact adjusted to pruan vale, (ba.nate "Project

Four Billing Sham•")." The pruar value calculton ahall be basal upon a discount

actor equal to the average we~ighe inera coat of debt reatn to Pnmje Four during

the aiuirnty of the igiaa tare of Project Four.

Additionally, e~vev as of Nove.~bu 16, 2033, which i~s the ezpirtatii; date of

the original tan of tir Project Four Power Sale. Coafruct, the Sceue of Project Four

&T'IO L,+ 1 II•I-,-

Oblip~ca Sha shall be madc no that each Project Four Participant'-, Obligation

Share shall be equal Io such Furticipn'a Project Four" Billing Share.

Sctton= 3. The Auilui~tyhuz~by sacni thet it shlld niot cxte.: the tmn of aizy

Sxatz u g~t~ion debt~, exchzelva of exiit Dgdet p•an~ to wcvii capital and

rnic1r fiaJ wctking capita debt cowponanln beyond th foflowing ate: c•sig

r'roject One gonawion debt shl not be exrched beyond March 1, 2026; exiising Prcojct

Two gwerauion debt 81a13 Bot be ucane beyond Februay 1, 2028; existin Projc

Thre gmearution debt sbal] no be artmndm beyond May 1, 2030: end editinbg Project

Four gaenetion debt ,shal not be tztendnd beyond Novanbaz" 16, 2031.

Section 4. The Poww Sales Contract ma amandd heryby ahall coti in

eff~c me arc roffirmed by the parties. Terms not dofled beren ar to be defined am in

the Powa Sales Contract..

Section 5.' This Amondmont shall become ef'ective when duly approved and

executed and delivered by the Pzzticipan4, and wbaz executed and dtelivretd by the

Authrisy. T'e Ai~htit wll only exect and d~l;-vrz th Amuxmat,. when it baa

d,,,,,,.,,i. tha the Am~almml or simila" zmcudinats hive bern duly •cisoted mid

deliveeod by easch of te cunwi Ax•/-nine (49) Parucipinta.

[Siputa, .Appar on Net Nos]

-6-ATlBIfln 11t1m1t

IN WITNESS W1{ER,.OF. the Municipal Electric Aulhority of Georgia. hss

caused this Ar~dn~xnin to be enecuted in its corporate nname by its duly authori~ze

offieers and, the Authority has caused its coirorate seal to be hereunto impressed and

atteted; the Part.icipant has caused this A~rn~ndni!a to bc executed in its corporate na~me

by its duly authorized officers aznd the corporate s~ea to be h•e•mio impressed and

attested, and delivery liersorby the Authority to the Participant is hereby a•kowledgSd,

nfl of th.e date and y~azlr fira above w'nt~en

MUNIXCIPAL. E-LECTRIJC AUJT'OP,.T'YOF GEORGIA

A(SEA/

4-

PARTICIPANT:CfTY OF ADP.L

*;i- (SEAL]

,ATn.I i adI'lMa,! , ..- .,-

Attachment 3

Vogtle Electric Generating Plant Financial AssuranceRequirements for Decommissioning Nuclear Power

Reactors - 2015 Submittal

Project Four Power Sales Agreement

PROJECT FoUR

POWER SALE S CONTRACT

• . ~Between : •M DUNICIPAL ELECTRIC AUTJHOR1TY OF GEORGIA

andTHE P'ARTIOiPANT

S Dated" as off November 16, .1983

• i• •-• .•,. __ • i JI "'1 r n • n - j•l'n

PROJECT FOUJIPOWER SALES COL•-nRCr

MUIJCIPAL ELECTRIC AUTHORITY OF GEORGIA -

ThE UNDEPSIGNED PARTICIPANT."

Thu Caninest, made and, entitrui into us of flo,'mber l6, l983, by and belw..a the Mualdpa.uElc.rlcAutba'itY o dGeerlu,, pubUc body €orporat and politc and L pub€ corporsilon or t~ho a.•

1.9"7,'. p. 107 Is .aandlcd (l~th 64.I-,-0;J 0_.[ "OM., an tho un•dtislp pohl]k€a. IabdlvltOa of the.

State of GcwihUl badj•is• sometimes designat.ld asl the Pul/ialJpt.

WITN!'SSETH:THAT,

W]:E]S. the PhrtiiolazL sod the Aulborit bare beieta'cz entered Into a Foairer Suits Con- -trsit dattd as oat MZd• 1, 1q16, a smeaded. trdet which the Aur~th7l bccama tI.6 balk po~wcsupplier to the.Par~ldtaut tad said Cmumnet contempsate that add•Gonai projocts maybe undaukenmby the Autkodlty, am have he.nt'nf at e |uedit a Project Two Power Sales Contract daei atoFebruaz I, 11g/, as a.mmhsd6 nd • Projcct Thos Paw+Satla Cooadnc dated ssol May I, 1980,u•cv whln~h the Anthexity acquired .AtdltOOnSI project.. and

WHRA, th Puil:sn az the Authority bae de•.iu'•n that It h I- their .bat heertautl~t th-e Authority uadalske a fct jro~ect which Is rmona7 €oSxpt2t .to muitl am nmae•rxnvwmi oumsl1 Bulk PoweSa $ply to th Participmnt and oil= pdldalu snbdlvlhao colnednawith the Autort thrf'r by ma]ia th output ad reloto services of F~wcti Four availble to thuPaxtid€nt.an1d by &dsabll aim A~athoty to runinge cenzaiu st]** af t!e out/pot of Project On. a.nd

* ojcct Fur t oolu utilda wlaichlahitea&dedto b~o ebuamndally'thn .zs•n of the oatput oboth PsaJcct One sod Project Fotr to the Pu~tTlc~nt's Bulk Pwe•r Supply requ rcmuo sad

WH]FR..FS, the Authorty wilt take: or rnsas Io~bo takenil step nzsai to £o:ite inchgovnmenalc poZ21II, llcm J.d 'PlrOVUZ as are nsruay for, and 1l. thei p roee. uapproziwlte it heal design, flaamla anod a~tn td €ot~ci *fta •ct

* zides ignated aad drqp~t e I Foat¥r for the supply of elcttzl powe and ceraly•to lt.e Partsitpantanud to slU other 1eldcal mubdlviln oanlnctlq with tbe Anlhty ttbufor, and ii] sel them~anrd aerteea of such rac~i/t• pnu'usanlto this Cnntraet and to eub-StIst with ather pe~tiealud•alwu, deslguawd together .4th the Pzlelpamts u 'the Pazt~dstsm' and

* WHERL4, in prd• to unable thu Auslthit in Issue its rvueaca boedato pay tl~e oasisof'aeq.uld.. sad eaaU. ct!•r Prnojct Fcrzrlt Is aeuiwyxr for the Autharlrl t have MafD contru:. with - ".U pditittl51 UbdhiWm~a of theteatedrOeorgla,pezatt utho ttz~t ofIOL LI7S.]7, p. 107, ii

imounded (l["th. *1--1 IO, O.C-.(A..), that sic Partlipsuta. 4,, Projet One, "'Two snd.flraa. and allpaymun• atnibtable to Project Tutu o to the Ana Project Four Cmts, as heasiosh dab toha made In urammdne wthb or pqriuanl to this Cotract sod suc o~the ceotrnuts tshal be pleged aswe'.jrty fro the pam~ent of suc ons

140W"TNIXRZFOREJ•For mad in canldruddy on at thapatnlses and tha mutut/val w nsn and aaroa. t huIaftffm act

loath •ad In order to pay tha Authadtyfor Its costs of providng to lba Psril€ipsa, output and related

zeinecas fiom Projec Tour, savd+ tn forthc enabie the Auibo•zc to improve the Participant'a hlPower Supply through the rearrlogansnt of murtaLin sale to othor utiltiel Of' a poetlon of the output ofboth Pro jeet Ouc and Project Pour, sad to fur~ther enble the Authsorty In rcvinunm to piwid•a theParctiputas Supplemarrlil Bulk Power Suppiy, It Is a~recd by and heltvmo the parties here. asroUova:

TE]RM O1 CONT i'c, D •m~O 16

Section 01. Term.The term of this Contract vhst! begl•nan this Ceoatact ibllU consitute 5 bllridiobligation of theI

panilcs hereto f'rOa Sad alter Its e.reevition by thse •Lai1.0prty toIi¢ ezIw1C th m"= the 0c o thisContract sha~ll continua In full fomc sad s•:t mu)ncht• me.i nmot ereelnli Bfy y•rs,'as al ofriheA•uthorit's Bonds as he¢rctaftsr dehned or n'otes Euucd In ant~c~ip•atonf th lnsuanne of Bonds aid,the Interut tbnaeoohave been pild or pr•0vltloas tot pa)'eet shaDJ bate ben utdaIx• n cordanon withthe FroPda~ns of thet Bond Re solution or unif such Ltha, not excadfln 61'y (.SO) Ye' - jec Fouru~kall h be sdtre fromiervite, decomrialoried or dlsposa ofby the Auchoe-ty, wblcci is •tcr,

Sect~n 102. Daltidoos and I'-ptaattooi of Tin'ma.

As uaedbrdia.(a) Act'" salli me.!n tha t certain Arc of' the igis5 Jeas~n of the OGenera A~ennbly of ibm Stale of"

tisrg..' coailcd Sad pabtlibed In I Ga. L. 19"7., p. 107,am the same huu bee heretoore or may beberenflar amended (T[tle 44-2-110. O.C.O.A.).

(h) "Annual Project Four 2udget" ahatU mean wit respect ma a ]PowSupply Year, tha budget oral~rdandd busdget adoptedl by tbe Authority purl-uant to .Secl~on 201 h•neol• whic bu,,tel shall enutaloitemiJed resilmatina of AnnlU Pwjec Fou~r Costs and ml reveu'ua, Incame., ar~othet itn to 1. appllr"to ator Costs.

S(c) Amnnald Project Four Coils" sball mesa; with res1 cc1 to a Poser Suppy Year, to She crl'tt

.not paid a s a put.•the Crasto 0Ac.quhition sad Construction, all coils ad €espescn of tbe Anth•rtpaid Iby the Authority duringl much.Powe~r Supply Year alocable tnPoje~ct Fou, which sthad oonist othose [Iems €o rat and eaperisa ref cried to In Scctloi )O05(b) herec1• Anaslsd Project ,For P~bcl

S .Charlg ad Ohr/oruaI Project Four Crate.

(d) Amtsml Project Three Cuts" shall, mean those nosts a,.4 eapeusa dc•e 1sn Sactlne 102(c)•oftihs Projct Te lower' Sales Coutnet. "

S- (C) "AnnuatllrojeeTwo Ci~uta shlul we-n tha ostac~ sad •p aa~ns ••es t•lo Scin IO2(€) oflih¢-Pro]ee" "Tlwo Pmay Sales Contract.

(I) Annu•i Supplelmental Coi.s" skall mnen throe costs and eapenses of die Authorty llocableto the pwvhaaf, o r f'urnshL~s of Supplmmenta Balk Po~wer Sup9Jy to the lPitl! .ssu,

. * (g) .. <onds" aball mesa •u •ods other evidenoce oJ *ncullmI~,4h h Authority.ste t~cpsto'lw of' the Bond Re~solutfon to mann or reltnan the Ouat 01 Aeqisldek. and .

Consirucdion of Project Fmjr. wbehor or not any hsem of aueh BOna ahlul be aubwluatn~i as topaym. nt to any, usher Isue of suchb Honda. sad sbaU Iodvude additional,'Bon& ue pursua lnta to theprovisions of' Seto 401 here.cf and dmdfinrlo Hooas Iuucd pursuant Un the penlniona of' Seto 402

(h) flood Resolution" shall mesan th! Ocaeral Pgwrs, Revenue Bead Italdun adopted andscadopte by sho Auvthority on IMatc. 22. 3971 and Apr• 19, 1911i. rtolg"eIvly, ma fro time to limesupple~nessted en amended by' Suppl~eote itl Res.rluIlnh thert~o, induedle the Sngle.oeoza aeaPower+ 3Relcnue Bond Resolution autho)riing •Pa•cs Fonr to be adopted by the Autberity andaconeped by the Trnane thereunder Jlet ts. 5rent of ib. owners ofthe Boaids which ahall Isuvid. for

* 0

the leusuco of Bonds, a cowy o whic Gcneral Po'c Rl~oue Bond Res~uoo and SupplementsOtcra-vl •Pawu Revenue Band R~z~cutloa authodi/lo Pznjet Four in subsianilally the foam~ to beadoptd by tha Authorty shall be on file |a the ruida• ci',th PartJCdjAnL

(I) "Buk power Supplf" shal m~u, widt respect to s Pattr dpant, all elect'Ic p %ep nod'encigtireqitred by audi •Par1tpant In • vi that ain~nt (I) suppli:d by any gaealen n and transnilisloruon ownd by such .Pstdant to the effectiv date of the Power ales Conbtrct. (Li) recei'e bysuds Partlelpast from the Southkast-un. Poer Adolsladtioo (Bq.PA•, nod ((i) proo.ured by suchParticipant fro alteinsti bulk poe sup~ply raoi in sctor~knco with the p~ilioos of Section"404 vi te • Saes. Contract and mnbJcc to Section 306(e) o' ",is Cautrat,

(j• Comwdsai Openiioa lDate" shall man, with rapect to each fas~llty of' Projeoot Four, thybeglnna 1 of the day on whichsuch fbacility of Project i'atw Li, In the opinion of the Authority,produdni and datvering dcrariopoe and aneigy for atictelala use.

(k) "C.onnudn Eolnr" shall mean ax cojle or enstfeuoa fir of' nationl reputationhaviJg demonstated apertls In the field of echtJe pow• gierstiat. trnaimluw, po~wer supply,elctti€ utility operations, rata, anfi rumlullty.

(.I] "Contct" and "Pwje-t Four Power Bales Cootracia shall maun, resetively, this Contractwillthe• •Pasl~rdpaot an all Project Four Povwar •Sac Cntra. rzudln• this Contract, entered into

* by theAuthbyandanPactl pane, l each acaa as thinaym ondirosy•s m~ae xntimeou x(in) "Coal of' Aa~p~slon and Cozutruction" isbl "asx, to the extent not Included in Anual"

Project FPoer Com. .31_ costa an anezpre of planin, dcufgnhg acqufrmng, consunc.o, cul mtallin&and flnao.n?rojeot.Four, plad~nj Proju~ Four En operaton dcc• o •ukios or dlapta•L of Project

* Font rid obtalnki Ioyei.znitia-pprovals, Ical~tes, p•nt, and l/cnns• 'ith respect the:retoher.•aofro at hcrrs/ler pad ar in•nt by the Authority an neal Include., In addItio and whthout .

* (~~~I) watking eapata ad ran~a in such ainoests a may be ,atabluized p~ursuat to ibe Bond

Resolouioa, ..S (23) Ent ret'aonmlnaln bok orln patJ-t n B pdvp r to nd durl• €suwtroajd• d fo

sec~h add•. ond pesrod as the Authorty s~ resonably determine to ha n•uary for the isana•*of Project F--0.r or any facil'y therrnofn operation Iu•a'~din•wi',h the provis~ons of the ~

-O) at°;'hi-ton OI nitia fud orfual ksentry rn. schaiena~dfactorty d roject Four azd

wark• c• ead es• theef'or ard wonrgn eapiwi and rue-ya for reload fuel ,,-4 sddi.

(4) the dlepos~l or depo~siU f rom the pr•ed ofr Umds Ismiol to finu~tce such cmts fn sn7!sni or aoaenas otablhhcrd jorazant to the Bond Rmha~lutfn to meet Debt Seii raerve rmu~ur•mr~tb for floos.

(5) the depoit or deposha(roGm be procds of ahc Bond. leur to financ such cats In anY, fbor " a t*a sit estalbshed "pam ant so tl B•€• P tgluion asrs~ for r~ s a--d ,.rnplas, -tlumcot f'en. se.eicn, doeomul.hldai or dsposal oaC any radlty of'ProJect faut ror eont€p i • .

*(6) tradelnal ud teitlti cab Inucrred by th Authority,(7) r.r .roinas svtigaeio and daveiopoent cosu, wlne4ieI fM5, onalactar,' tee, costs

o1 Isbat. neatedali, SquiptnsLt utl/lty sinless ma supplis, a'd lepitand floaod 1 crots,(3) a.l CUU of' tnsnraqen applicable to the period dcoatructicon, and(9) .2 othe.r costs ineur-ed Iy tleAuthor,/u ad jwujarly slloeabla to the acquisltion ated

- nsua-tio of Pnofect Four, in€lud/n al wab ke nned by the Isuace of' addhtional Bond.pasmant to Seeitan 401 hcrf(.

(a) *1Debt Service'' shall nrian, with resiect to any prilod, the iaBleelate of the amoutial requiredby th hand Re~solution to lie paid during saiid pleriod into any'fand at/ll fads crzutd by the BondRocsittwi for the sole purpoae of paiynig the rinti-psi (indudiug dnl• fund Insitalmeata) of and"pres~niut If aoy, and interest on aUl the Bonds fl tha to tlme autaztidlzia a the raime shall beo~rnedec1 psom,idd h*u.cver, t11at Debt SerlIcz lhall not Include ay accele~rsdoan o31 th maturitj o the

(o) "F.Ite Cots" shall mesa all cost incurred by the AuLkority durilg aosy Power Supplyt Year* that ,,r allocable to the acquisition, rabnzicaiite, pmcaln. reproctalni. trapot ation, delivezio,

sltorul, huandling. atid zpoas~ia. o nuclear fud meteisbla ri~uLred rr die generaioin taci'litdes of Prujeciyour. lrtiudiog transfers to reser-ves esutbl~she~d by the Aquthority lfor such cont rainted to future Pivi..rSUpp,• Yean, EUg credits relate-d to such cot applTed asl appropr'iatb in the disc€rcti~a of r.]te.Auathity.". .•

* (j) '.Pastleipant" shall mean the oli~tical aubdilvrsla which Is a party to this Cnm'tract, "Partid.pants" ahliU mean alU political ajzbdlvvhons In th, State of Georgta vabich own and diperate ejecijicdiirbt.on s'$stems to ser'e theidr dtzlz.ns, Inhabitnts and cuhtoinelpro xvidin them with deieik

, po~wer navi enteigy aad whlic are partlie to cntrd with the Authority siUbadtantlay ldeanl3cl to ti.sContract. Th turn Pazlielpaunt," mad th terms "a Pntripant" or !'eachl Pa~ilclpnt" shlltocaany ene of' the Pud.ticpais or each of the lPartiripatst as tile CluS may, ba. "Parttclipant" shlul irncldean, antlsdoa~or agency of such political uir, injijonll which operateat c ornducts or camclscs jurlsdkc.linOe any cesentla fuaction o[ the Psrslclpat's el ecUIc~dLst'bUtiOn systeml. .

* (q) FPowe Suits Centrca" shai mesn tint cu~tain Power Sales Contract, u ha been heretoforeat m1,y ha'eaf: bea menlded entm-ld. into by the AsJt~het tand the Participa-t as of Marez 1, 29761.

Cr) "paow'Supply Year" shall eaun tli calcadar Jmu, escept thata tbe ntPawerSupply.Yws~shall begin on the earlier aof(1) the data the A•uthority lvn provide electric power tad "eeaZy 'h.seu•der. (Ui) the date to whic~h all Interest I, ealalhnd/ on .11 Bonds, (Ill) the dale whirh ;,'12 zna~tha Wior,to the dsleottwhlb the Ipu pr ncplst~llrnet oay of thefloudsu d•ue. or (Iv) 'J liooan wblth-any AshualJ Project Four Ceats betcme payble-

Sas) a.projet On,=" haltl mesa that projec•t.S deven Sec-,Ion 1o2(,) of rib' Power Sal. CantncL

(t) "Project Four" shall'nw~an those electric eaerson aad related trsnovzsmt~ racilitkl which•lira Idendl,, In the Descriptiaot of Projec For atltached to this Conttnct, together with Ci) any maj.or.renewal reptczcnts. repir as, additons. betterments and tmpruw.ment ne.cessasy, in the oplnloa or"the Cnnsltz Phaln•ea, to keep Project Fair In good ajzrating condition or to ptewent a l~as of

•revenues therefrom, (hi) any major ndditloai, impmweantz., repairs mad mod.ulcatloos to Projec-t Fourand any dwininlsionlni o" dispoal_ ol ProJ• Four rcuirkud by say Biov•'mentad ag halehg

" jue"IldiAn ove Pl"roect .Four o"/Io" whice.h the Authbrity shall be responalbla by} vit of' any Ob~llj-Sl~on cr the Authortly .rhisn out of s)y contract to which the Authority may, be a party rrjatlns to

owjnuship of' Projec Fonr or anyl fadlliy aheraif, (W reload fund or addltfonaiful nlventory fol'r anygeneratin [tadliy of' .roject Four to the exttent thataul:dene (nnds are not available to jay uthe ctherutcf, and (v) worInl capital required by ,he Authrit during consuisetion otr Project FouLr and for .

* tLhe plahin of Projec Four 1sn oerantion anud dnsv any period ther'eafter "as may lic reasouablyreqired In tlta disaitlon of the Aquthority.

(ur) "Prnjec Four Slllng Statement" sail3 mean the written istatment prepar, or caused to beprup~ade mootl/lyy Ithe Authbority thai shali-be .haed bgoa the ,Annual ]Project Fou"Rludget or Upoathe amended A•nnual Project "Fort nedget that shall show the monthly amount to be paid to the-Authority by sdue Participant under this Contrct,* v) "Project Four Ob~liadon Share". hall mean, wt'h, respct to a Particpant an any Power

Suppy Yea~r, that supecilv peerentateq set forth in the Sebaldula of Oblliatlm Sham attached baitsan henbyiacrpo-uted by reteanc- u £ part of this Cnt~ract, of the Annual Proe~ct Foeur Costs thatInc.h Participatq m obJllgated t.o pay Iunder ahi ContlacL

•' (wv) "Project Tote.= shal mea that pbrc:t defiired Ln Srcedn 102(s) o ! the Project Thre P~ower

(z) "FPrject Tha 1?owe Sales Cntrct" Jsha1 incan tt cuuin Project Ibre "Power Sii•.Conlbtact, u ba be hueetofare or maiy hereafter be amendd, e~tered •low by the Authority atd kitePartdcljwnt as of May 1, 1930.

(y) "TioJect Two" Shall mean that .projec-t de5id In Sectim'D2(a) of the P roject Two PowerSales Coantnc$

(z) "Project Twrn Power'Salcs Contract" ibal me.n that torts;,, Project Twon.ower Salrca Con-

Leadc, ua haz beca here tofo'e or .may heresaf.e bea meuded, nten~d into by th Authodty and thePartlicipaut u of Felanay 1, 1)71.,

(as) "Prtudent Utiity Pratice'c at a pa~rticulr time ~bIl mean any of' she pracrtices, aethod andacts engage In or approvd by a igfll• ant ptiiog of the eltrt utility Indd tr. 9,•or to inch tine, or.any of the practics, methods ahd aeti which, In the ear~ze of reasonable jfsidnt'ia huJ of theacsts known a!te tiw the • daclafon wuz rusic, could hav been eapecld soatou:mphis tb draire

result at the Iloreit reasonabJ€le coast witent with gwd business pracee, r~lsability, isliet indeipediton- Prodent Utility Practice Is not Intended to he Umited to thu optfumpiactic. meth'od ora~ce to the ezeluslon of al~l othertl, hut r~tbcr to be€ a spcce'm o/f postib51e practica, oitd or acthavl.ng doe regard (or ,useuu/cturers' wuur~nude sad the: rr qulrem.nens of |ojnveruntsl agrencte of.competent jurbsdrctio. In evaluatng whether say act or pr~opol confroms to Prodect Utility Pruo:t Ine, the puttes shllU lake Into acci~wt the ob.jeKctw to achiee optimum uti.lintio of' the Autbriortys

(bb) "SupPieunetzi Bulk poaur Supply" shatl a,,-i th reepvct to a PL-tlclwi. ta~tt ort'ton o1fBulk Power Suppy ruu•e by sqcls Pp.Tl~pant i., e•sca of that supptied f'rom PrJects 0Cc, Two,T~ree •rnd Foisr. (is ui of the escratng, neslpacsily guerno vice•. tasumlerlon service, scedleddemearrienc, or economy inerhajeservic e s-• o •d sues othr icac associated wkltsznject On; Two.Ibruc and FOur, fild, unles othrwise jovdl In en• ol outpot and reblat servi4ces of ••am1Vipro jects owned or rentroile by the Authoity from which Els Participant cosilnera to purSu~aleczzipowe~r and rsm~iY.•''-

(cc) "U-,-,nsoflablc For~s meanl soy cease bajusd the ecos:lu of the Auth oiity w.hl by theexec€s of duc dtipsice: the AuthoritylI unable zopr.•mt o ovucrcmc. loidadi but not limite to.

*" faihlure or r1bwJ aoJey othecr penon or enotit to comply with then existhin co•ntrct with the Aut~hor-

public essey, civil and miltay authority indudlq court orders, Injisetirm, and orders of" go~ve-mental agones,.s.with porpear Jurisdicton, Insurretlon or riot, an actof ithe elmets failure of eoquip"m wet, or !zi~b~hy of' the Autborir or any fontrctr enp~d In work€ no Project Four Ino bt~an e .z.•pmat~erblal wr quipmen-t Ialeani of th e.fect of shzmilar cesel s aspptl~eu or czlen or Inas'uiiey of"the Aut.hwlty to sell or Issue lItlos o r notes.

(dd) "UU'onfo System.0!'A~cess s" meo sh. U~niorm System of Accousis for Catss A anud HPubl• Utiliie aM L.ceoiuai,_ ~ureruihal and, fr• duie en time. us amendd cd- nsdled or sule l-"tuijtiuLr~c/lrr mlldn b) th Fe~dera ]Enrry Reglatory Comnmisson or Its siurea.cu,. •"

Ct.ETAM• OBLIGATION'S OF THE AUTHOR.TY

ANTD 215 PARt31C1[PM~r

Section ,01. /A~eual Frea-ls Foure Dudii.,

TheAubady jrsp r ad sbfit o hePs~ip~tan Ann~ual Project F-ar Budiat lest k

Autbanty,a•t a.Y tim until such B udget is adopted, any matter or su/flestso relaing to ausahiwiget

'S

which tbc PardCip••mut nay= eseo preint. "1"b Authority shall the pr1:cee v~th t.1, considentionand adoption of erach Bud jai fnotlui tibn tbjily nor mor'e thin torty,-fit days prio to the be 1-inla orsuch Pow, r Supply Year and shaU cabn aps €of Inrch adopted DUdjet to be daliveed ,in the PanlcIpant, provided. howerer, th 13udes ft rhe €int PoweJ Sujiply Yetr shall be prepar-ed, conaide-cd,, zopted and deliwed in the most pdi~cable manne available in the diseredw at the Authority. Asrequ'f'reom dma to dim= dudnI any, Powes Supply "Y'ar s-fl ihky days nousk= to rho arz."pa~ut.the Authowity UIs•y' adopt an s-mende AnnIutl Project Pour 1Eudsei F or and app'liazble to sue-.It Yeari oro"the re~mand=•erofinch Year.

The Author~it will prepar aud lsuaz to the Paritipant thet folww :prepol eacb month ni thePower Supply' Ymz;* (I) Finania and Opeucal Statemaent relating to Projme Four.

(2) Status'of Annual.Project Four Budget,

•(.3) Status' a! Construction budget of Project Four during contuction,

"(4) Analysis of opeations redn to Project Four."

Ssction 203. Recortds and Accoam•."The= Auth~rity' w1"J] beep aer-ualte ireourdal lad ac4Lunts of' each. of the. fa'lcuja corupeidn1 P-rject.

Four and ofeh 0tOPufouso or hcAu~bmrity n accordaitcnwhth tbe nt.f'o~m Syztem of A •U, Es-idacountes-bl be[ 1hiec tm!o an LannUal audit by a Em of tnepend..L at15 pusbll4 a~cpUntanbt

* .eapcrrencasl •n caric utli~ty ac-caeul.ting and uSf national epu~taton to be aubminlur to iha'Aotlsrltyw'hi W[ Ihw£ days ara the ele.a or any Power SuppZly Yeasr. Au tm'Ia/actions of the Au thoity relatingto Projact tour with repect to ech~ Power Supjly, Year shall be aubjet.,to su~b an audit. A cmpy orare ann~um] ludt aba] be delivered to each Pu, tlelpanL. • -

Satiod 204, Ceezuldng ]14w.(a) The Authority wiLI retain a C~onslting ize. to as-int. advua and make r~o=nom da1o.

to the Agthwltyol OfJtnttn reaing. to elc~tric power ge.4ratlon, t-asnls,,son, poe suppl, electri,utility ope.,ations, rats-a s ehazg.ai, fs-a'oLbtty and budgeb and hallem| casu ich Conaultinig E•neto prepare within one'handred and twoney days folowfig the d"a of cach Pmu• Supply Year an" annual€omprh~eve enginwit rreort with respect to nrjec±Four taor to lminedlatelezdinPower Sup~ply Ytear and whic shalz 15i nelud• a report iu reasonable d~ral•1 on the operaions of' theAinthwiJty, including ll items req~zire by tise Bond Rol~udou to bea rcpcutted upon.* (b "Tha Authority salxal cause a copy of" as-d e€rjhrneerin rqru to th" de.live~re to 'eachPartlepaut- ,

S.cti.n 205. Adjiatroat of DBing•,.. ..•At tb• esl..d ol ech Powru Supply, Ysr the ALuthor ty shall deteteui Ut*.o agg4regate a]mount paid".

during such Power Supply Year was In the propr amount, and, upon the wa•~ of such ddtsanmlaa.-elan, any amun found to hare Icflt paid byuize Panledpans In • of s-he asnnuns-wl•bichahid hayebean paid by the snc ( at s-halt be credited on the Proj:4 lFour URllng Satnnna ta~tts te Past~epaf'or the rnmasnln moth or month of ,he Power Souppy Year nest sucx:dlag the Pawns Supp]y, Yeatfor whic~h inch adjustment was detemineud to hay, been nececssary. Teup'cet of the amoont of £11,deiScieneyuhl he added La each of the nest ten Project lair Dilhing Statausnts in the evan t-has-tefralure o' a Parlicpant to pay, any aiOntSn due under t.hista.cS shal~l hava] resulted fat1the arplics-tjonof amnonna In anU~y msina or etkis fud tundr the Dood ResoluIon to theo payxna i •stasayszbia fro such ramurv or working fud and the other Purdldpanztasthani bae ullde up t]heddricincy aeautd by such application or paid aldditional arontsul into such resetrve or 'workingl thnd,

ta~ontz thereaftor pai to the Authociy by such •neoayn psrtklpt tar .pplkatbm n tsuch lustdue paymenlO shall be cnrdite on the Pr oje"t. Pour h~lu S l ate of ~such'~ ot.er Participant.l In theneat month mr uionthsi zsha•ll be apprepste.

SectIon 206. Dlsputed .lonkly Pro j~l Fou' flDlJhji Staeme..

In caao any porliucf of aily znambl•, ?roeet Four Bilflnj Staiemrnt ra~eived by Lh,, Putrtdpantlrrc• thi Authotity IhIIL be Inl b:•na M dixpul;, the Puxtdppt 1shait pa the Authod~ty thre fu~la mourm a! suds Stitctiezit, and, upon detgnnIaaiatt•o Slut corrct amount the di[ez• bctwicc Sudicorrect amat sod such full amount if any, wil be eeedi~cd to the Pan~pzt by thai Authorty atiersuch• dstcrm.ntlknn. In the event such Statcmocul hi in dispou 1the, Authority wil jiv casid ortion t osuch dispute and will advise the Particpiat with repr~d Ito ha Aut~l'•sity •hL~t~an iclative t.heecALwithin thirty days fo~airtg w'iztenu nat/ilardon by the •aua€ipaat o! such dhila

Section 207. Soui.w. of Partldps~tt' Payaflaxs.

"m• oblljatio~ni of thc Paliolpaci to maie the payments to the ,Author'ity tund this Contractshrati €onstitrite general obliiiload~ of the Panicipat fat the psyu~it olwhki t full faith soil mrlitor the Patrtlcdpxnt shall be and the sian hereyh7 ;lpcdetd in provde thea funds r'ufurul to fulil ll" "iobligationsaur•iata uzdcr this Contract. Unlesar such jayuieeu at pruv~ons for such plyiietashilhave been nmtda from thrcz~auea orthe clcjriac ystem of ir tPsztrlpant or from otite fonda tba• ,lbs Participsnt will annuallyli ea cch sad ever •sma yeat dur•ih the teem of this Cota 1nc inits. general revenue or appropr4ation oneirure-, whettht a not any cili itm~s ar Includri. smoassuflFdent to sadaf the payments nqln ta b. made: In each itr by thzaeOtutflaltpaymwtaxzrequirus u,,da thus contract have been paid ha fulL. In the em.t for any raum any audi lkw~on arappropriation Ia ot~ madea for a fiscal year of" a Prticpant, the Ue duet rital omen Of the "Pirti.pantahaf, in aco0rdtan with Iheprovisons nf the Aettla.de•cta ai•th data of' this Cefst set upU sIt app~roplatlon An the accou~nts of the Participnt to eac 6it1 y• the amounn wnrcol to Ipaythe ob/iatius catted fct under thi Conuso Tho amount of tbo appruprittoo lii audi Bm! yeatomeat the obliulfllon of thi Contract shall be d uo and payable arnd shltU hc epcndpd for lb prpa ofpayina and we-tirilthe o~glpwtio pzaddd Wider tha erm ICW51 conditions of this Coneslt .4 aj udimppxraprlaon shall have the. liue lepi status u ff she Pailunt had Included ri.s amount or thsapprpr•tion in its genat revenue or appruiratice OiUflLS

Seetoe 2031. Eats Co'sa~t....•

The Patrieli/ant wfU esatabl~sh, urn atcale mnd coialco ratea ad ehas.r. fat th cinee-ic MM-am of Its£yit• 50 Us to provide teve-ousm 50Ciroii,, tclothetr with av~la'eta elO r..c toi na.zu-e.• en -,-Iblothe Participant to pay to th Authority sit £mauntsjayiteh under this Cemima send ta pay .11 oth"e•.amounts paywbla Iro• Dad aU LIw1ttL~hIZI. aip•[w4 or liens on th suvuua of 1 eIt cqdo.5aitc••

Into any contract pursuant to wbich a noucecurt pnce a~xra en take, or to stue U pay [ar, gxuu~purdiased from ]Projec Pour. •Fo pw.e of the prccdiej seat~ 0,0win1. pe ace" shlld m•any entity wbich Is not a ,tate tesithory, or ponaeuan of abe Unlted utales I, Ith itske of Canobia.

of any politlezi aibdirislora thr.-eu, and which I not enasupt ftm tm.lcni undO- Sen-l. -'01 of thbeInternal R~averc€ode of 1954, as smard'e&

ARTICLE in

U~zan1cPovtm AND 2ItG

&.4... fl f~~i.4m fPrjetFROM PROZE OrPOU •

The Authorty 0 •I sue Bond in seu coair tiour to time tinder the B~ond R,ualui•on to inmumucqtJL't an owil Plo lad Path. The Authority wlf caule to be dilytI~d to the Prlil~psU the outputand aervlcu or etch hcillty of Projc~t Four 'or the wefol lIfecof ciek such fadliy, subject to theprodilorr of Sectfotu 302., 307 and 311 hereof. "

Sadi~e 30L. fntmertumdou Arnnge-tab.

rile AuLiordty.ndJI pure~hse or prdd SUch icnentieg rapacity rzrbo ai~ri€ce, 'tnnsmiszroaservce, ucltztmn ci e tvie. euri=,ca 5l•- isnice anomy htc~imnqo a=enc arid other Inrc~hangcservce assoc~ated wit Projec. Four au oay be r~au•-sy for t/e reliabl =rid ec'somznbw itply. of theoutput and ed 'vca aiProJeet Fai. Th Authority may ese ~cu•fe sergy from P~rojec. Four "ewbx,'in the detrmirnatlon of' the Authority, Is aurp~es to the rqukuir,'-e of the Pazuicipa.ts• u suchsurpl,,, may be musllble from time to timefor the vu,'me oteconomy inte€euaug. .uvrey or othurIntercungo serv¢ces "4th others, mod =ay net revenues rec.ird by the Authority for a.ny auch services

*shall be =cedited by the€ Autboriry to the An~uIlProject Four Cits:

Sectfon 303. Oparulfon and fdai,,tannoea.

tabus the same to be oil-ited, inuitalnal med anageld In an erdent mud e..ncvi•cd manner,consset wfth Prudent Utility Prstke•.,

S' etie. 30d. jesnece .. "The Authority shallmaintain or cause to be amstlnsled u CuU ofAautulaitlou n Ceestrctie•

or Mnaul Project Foar Costs, sua.h tsuxuneo wih rnspet to Prnjat Four u shal te ava,'labia mo aIs usually carned Isy utilities conzutlng• and operating generatni facilities sod much othr Is" tuanu~as is usally OJT~d by electric ut~iiie In conformity withJ Pzodmot Utflty Pratce.

(a) Th Authority iaiU dete.r~mi ll zlof Its costs for• the outpat' md se•rvices prvcd• by the'Authmity to thePartlrpsets relatingI to eac istifty of PrrdJct Pour for ach• Power Supp1y Year, Utset foarth in theAnnual Project Four Budget, or t.e ,,mei~de Annual P•roject Four Budg.et adopted bythe Aetbo'tty pursuant to ec~t.•n 201 bz:f., med such cmts ikl in the agIregate tb- eqa to theAsians] Prjec F'our •ur, . "

(6) The Annual Proje:t Four Costt for th 8ermiearmo and reited ta~su l .ioa fadi]itla ofProje't Four shall Inchude the ton Items of cst a nd se • ." " . •,

bat not/limited to:

into any fund or account e,,,lihe by the Bond R~esolution for the payr=met of lDebt Se'vdce madany res.rve req'ufreweol for Bods;

(B) amounts (not otherwis Included uuder anuy lt~m of this Sectdon 30.5(b))/for the fmdll~w* of Project Four which the Authority Ii require~d undae thu Band Resolution to pay or d~otl

dUrinl guteh PowerSuply Year hint may other fund oraut establismthed by the Bond kecolt.* do, and Jshal include, without llmlauiov, ma~ky such amounts re.quire~d to maUke up any deldacyu ny ruy elva fund or workdng fund required a pawdiud~ by the Bond Resoution rueniting forn a

defanlt In pameta by any Particpant oW Partlelpanta 01 amounts dute und• its or thei" Project

Foes Power 5SuM Cort~eits with he Anthority;

(C) armounts which the Authority Is requmir to pay to, tiu• or payments iaq lieu the.eof

attiibutable to Pr•Ject Faui

(D) aumount' whitli the Authasity _s rquired under the p nv'ious a! t.he Bo Rmduln• topay or deposit Into a reseve for rie Wall and rep. crnarts; ..

(E) am~tlntU requite to be paid by the Authority undr the provisfort' at the Baud RacoI'-.t~•It a,~y fund, aedosat ci sub.accouat catabliae therrsndU to maJm tp for Etymenta

thucsdrm to any other fund, swaunt or 'ab-amount uas rezult c( Inufficleoy 0trrvensu. withrapc+tito •ay ,project inatnced updcr the Bond RUOIlUII0n for which the PutJipaat has ezeu~todac€ootn~t •tvh the Authority for the OniUl, and servic.s thereo!•,

(F) amounts wWicb must be set sisde by the Auth~oriy for thc retiremnct from servce.decnmllonlna or dispoiai o/. the fa~ilties ot Projot Four ii may be acquired by the Dond

(0) amono tl wich. must be paid by the Authority for the pwehaa of menerating capacityrescrva far ProJect Fawi and

•(2).- •QuJ.e An.ual PetFour Cm,,,," ".,ichmeanst ,,,,,ti An,.ual Pr:ojec IUlO othe ,ien

,Annual Ptofrt Four F-ie4 Chare, Intud~in, but not limited to: .(A• a1l coat of praducln+ and de.]iverin el'ctulc powver ari •ener from Project You" to the

Paxddpanzs including, but not l~mitJed n., (I) Fuel Costa tad other ordliu7y apaitimiands maite-nancem ceu and provisions/or mresre tleretor, admi~ drtve and a*cneu] ns iuoru, ee and.ovedi cad cost) and any charges psyabla by the Arnhorlty in mn•n with'lb output of ProjcotFair. (I') net coatso oscheduled.S eulczg-ncy, ecorwazy or other intecrhange ae.ice ilncrrld by theAulboelty I- connecton with, Project Four, arid (ill) a share, detmiciair by the Autho, ty to be.t lloeaiic to 1F.jec Four, of all opcrsliors and malntea c oats • etatehd~ to the oleration and

• conducting of tha bdsl, nriu of the• Authority lIndudlog 5sal13C, feca Ibriegil.d enlhneuin. andoter seavces and a11 oitie ezpcnsez propely relattd to the conduct of" the a~ffair. of the Authority,and

(B) amomun required ot the Authority by the proririons of the Bond Reslolutio, to pay thecost of or to provide reae~r'es or (i) cztraordlnary operting and nmltent~in=mc lt icluding thecoat ol'd~c,,lad, emergency or other interchange service and the prtvc~tioU or Corree• of anyurnum] Ioss or damsage to luep the fac..ltit. of Project uoor km scod operatdngl cldlton or to

betterment .nd Irupeovement. necesfay, in the opbdaz of the CnsiltUng Eatiser, to izup tirracDltj of Frojeat Tour In good operat•in condit~ion or to p•revat a 1055 of revnesmt rnzp,,fmsand (10 any ma, or additions, Improvement., repair erodiic mcLltiana to anbyic fadliy.•, x' any?elzti~un, dmwmnlailloninp or dIbpmls of any na.. fac~Ity, requlid~mlh man l~'~zu•alP.c~y havwinjurisdiction aor PrW~ci Tour or tar which th Authority lhadl be responsible byiditeof any, obl, igati.n o1" the Author..ty arising ant of any coatuact to which thu Autliadrymay tb"

. .q•y re kdng toronmuhilp of.Project Foar or any facilty thereof to the cxtat that the Author.-*iey h nec retarbarn uherfer fero thon pnocod, otiozuauc or foods tor sueb peymar.s ar notarailable to the Authority th,.rdr tram q.n7 fq• or acouasi ,.ataflshbed undr t.e Bau Rsle-tdoe, or ungAs .oe ouch pa.yment mm Doe provied or to he provided by the hsanens-- at addfdonalBlonds pursuan to Artt.ch IV .f thish Contrac.

•Sectlon 304. Electric Poiser apad Energy Prawded by II uhct'

(a] Th Autho'ity will pwovlde or cause to b'pruvlded to the PariitiCpara output and aervka .f-omProje.ct gour and servlce ducribed In Section 202• hmI, a may be avalble for abe uef'ul lif"e orProject .Four, and shl continue to provid or cause to Ix: prodded to the Patricipant li Supple.mental

0 SBulk Powve Supply whic may Include, but shall not be limted to, partial and ruli rquirements rpower.purhuaes unit power sepir, fim and noafirm ,-pacity and energ service ira~nzwisson eyc(including tranmsln• narvlce lerhre• b7 the Authorty to supplemet the Pailpasnt'i En•tit-mont Shares of trarzsafsuon ae.,•,- provided b7 the Autherity under the Power Salos Contract trasothose ~un~smfl.lo• syste~m fae:ltlui Icluded In Project One], and other interchange aortice madeavailable as a reulit of trsnhact~ovJ wi other util[ties. It is r gnlrndz thatt the Authority may also.

* undertako additionatl b'oject~s In the future, and that the Participant ma~y contract for outpu Drelated an-vi|es from any such tuture peojeeCL

(b) The Authnrdty many combine the Annual Supplernoul Crot, the Annual Pr.•jpct Two Co•st,the ,A.nual Project Three Cwtn• t A~nnual Project Four C•osta and tho annoal cus• of any future"psoject undertaken by use Auth risy !or which the Participan't hus ecceasfe a contract for the output•antd ivitad aer~vlce shaw, for the purpos, of establishlnl rates and hsarpc, or may establihb for anyof such costa septrate rates and chrges, at the dincteslo or the Authority in either case subject to thepro",akans or Sectlo 307(a) Iserc!

_(c) In the event any'Partiepnt prcoue, alterate bulk power sour,-- under the provliloru ofSectloa404 of' the Powir Sales (sb-act, such Par tkicpa.,t'a Bulk Poer• Supply he~reunder s~hall be

- deemed to be not less than she product of such Particdpants Enttlde~met Share, ai dednad in lts PowerSal1,' cotract, of the copacity related oustput and ae.icul of Projct .One provided by the Authorityunde:r she Power Sales Contract niuhtplial by.• fractin the numerntor of which h. the sum of thecapacity related output and service of Pr0OCCI One pro-ided by the Authority to all of the Pojec~t FourParticipants under the: Power Sales Contracts plus tha capacity related outpl t and• services of Pmoject-rwo p~rovided by the Authority w•ail of the Pariciants under the Projct Two lowcr- Bales Coouact

* lu the rapacity related output and servkce of FPouject T/uen provied by the Authority to all of thePartcipnts under the Project Thee• Power Sales Conuacts pus th capacity salated output and

* servicc o Project Four jwltiedto all or the Partidpats under this Contract, tad Ibe denceninator at• which l the sum of the caaixty telated output and sevces of Projec n Grut'prddd by the Authoribty* to ill of the Projec Four Participants under the Power Sales C•ontracts." , '

* Stectin 07. Ritat and (~rga..."(a) "[heAuthority will estals and nialtain•. fai/r awl nondlseri'nnautto' ratt sad charges whch

wil povde¢ reve-ue that aj Isufr.cient, hut only ancient, to pay the A4nnual Project Fou~r Coal,.whectbo" or qot such Costa ar ceombfulue asuthoized byv Sc.ion 306(b), with'Annaual Project TwitCciii, Annual Project •'huec Csts, Annual Supplezmenal Costs or the anual €c,, of soy fltsuzeprojects undertaken by the Authoiy wit rupect to which the Participant baa eatccuted a notact foroatput an .arlcu therefm.[a. •

(1) The Authority shall bW th Partcipant each month dudna e~ach Pawer Supply "Yea byproviding the Pai¶tdpant'wlnh a Project Four Bul/bs Sateteispt for such snonrth (or-she saevice-obtained by the Participant from she A.uthority as act forth in Section 301(a) h~reor, inanu amounte qual to Iu poreocs of Annual Prolec Four Costs deterininc in acerac wits the. posionso ofSecd• 301(b) hereof. •uch Sattomant shall be paid by the Participant on or be/'ore* she tenth daytw" in the date of such bill. Aaemnt duo and not paid by the Participant on or before said day eihallhear an sdlislonai chrge of one and one.half (I ll) percent per mouth for each mnonth• or fractionttrcl',di until the £nrount due Is pad In Iha. At th aund of each Power Sapl~y Year. adjnstrnen ofbillng ahatt be made 5n accordance with Scton 205 hereat

Cc) At lgch tini as abe Authority Lesucr additional Bonds in 8ccordehc with the previJon ofArSileIV•" hereof, or at such tios as the Author]y shall have determined that PmoJect Four or any partthueref shall no be completed. I. not aperStaln or operable or its output Is supne. Inte.nupted,interfered with, reducod or eurtall ar termnasted Lu *•hole or inpart (bit Itss ant declare rjct,Four ta be toally and peznamnatly rtired from service). she Authority will adjust such elmnn ofAmn'ual/Pjejeca Four Cost us are necesary and the atets and chrgrcesptabltsicd undrSectioa I07(a)

,tO .

Iietrot and the Purticint shall p~y its share or such adjuted ratts and charles p1iumnu t to theprmvisiooa at Se4-'Oln i0a hersor,

(d) In the event thatt Project• Four should 1>e tcrm'ataid before being placa (a ,rn'te or ahoiddbe dciuscd byf the Authority to be totall ty Fas.. taertS1, rtuehd itoa servncernd no ptttput orsc.nloees theref'rom are being delivere, thea the Priecot Four Ohiigmtion Share of each Partidpant asor the rime of such terria'rico or d~eelztlon shall be that repetve pcrct5Lh8 act forth in theSchedule of Obliption Shi~ei attached herto; and the Participant shall gay Its Pr jer#t Four ObIp.-lion Shire of Annual Pi:ojcc.Foor Cazs~ru shal be set forth in the moitthiy ?roject Four IDi 08mSltatenart which shall be submltted by sin• AUtbOrity to the Participant less the allocable eredles to thePati~lput's sar tm auch cat rm u '•n oar resuhltn from erlnnct wth othe utildtln eterd Intoby the Authority pursumat to Secion I11 hesrof(, U" iny, mud such payments shail not ho sub.ect toredctio.n whether by ofiht m otherwise and shall not be condtonal uspon. the pertoramoce ornou~rf'o'msnc: by may pazlyoat any' sgnmtntm for my cense~ wbuc~er,

.(e) In the event thai Proj.re Fer is totally out of 5 e,•cc but 2su. not be-a icelarcd by' tb'eAuthority to be totally, and permanently ryrn from sevc u provided In the foregoing[ Section302(d), tad the Authority is .unbin to prvda any of the servings decsr.ibed in Se•l 302. theAtatboriry ihll• notify the PE'tJcipant and the Pirlcipint shill pay its Project Four Obhlgtion Sha~re,Ms set for th Insh en Schedule of Oblgfatc Share atntcend hueto, of Annual Projct Four Coa asshal be act forth in the monthl~y Project Four IglUln/ S~tatment which sakll be rebmtr~d by theAtathotity to the Pirddput Icm the a•oobcai crcdlu to the Patidcipant's share cf auth costs from"re~cnue vaultinl from cootructa w~e other utilitde entered Into by the Authonly pursuant to Section

•311 hetiof, Winay, tor so iu.! -a su bcodltions'ob,.lo, and such pay~tsru shill not ho nsbject toredaction whetter by' bifact or otherwise and shall not be conditional upon the perormnesno orooapcrforxnumc• by any party o' any tagnocs fara any cause whatever,

Saclion3418 Power E.ntltlement said Payment bl~lgttbno.(a) The ?v.ildpant shall take fromnthe Authority output and servces ofPr•]Ject 1i'ou aid acrvtces

provided by' tII Authority In au~a~nee with the jeuvilons of Seet/on 302 hereof, as way be aviP~abtfor she use'ul I/Je ۥofrJect Four, and. hazed upon the rates anqd chrges~s ,otabliate pursuat toSecton 307(a) hereof, the Pautldpant shall pay to theAutihorty its portion or she arnual P;rojoc Four

( b) Jn the event the Authority shall eamb~mnAnotia Project Four Cost with othiret €as, u actFo-thb In Sections 306(~b), for the l•Prpof e/stablshi~ng rae and chirps,• de Authority wil dentify onthe monthly Proct Four Bflling Statement submitted by the Authority to tl•hePirtlejat IJhat portonof ,se reweu• to be ieeivad by the ^Athority fz the Psndiazxt produrd by sue s• -- 4 anchargas that Is allocable tO the payment ofthe monthly buld.|etd anun ofAMasta Project FourCam. Serb portion shalb t•dnl.rmined by .the Anthedty's tonlw., Durina any mouth ,la • :w•Sutpply Year. the Parsicpmnt'a porteu o thc monthly Ann,,-l PruJet Fats, Fixed Cbaqls shell be

•suc:h capacity setted revenue faraueh month to be: received trum the Partdclpant mulIpl•Ied by afraction the imams to of whih hahll/be the budgcttd amount OA,6nnustl ProJec Po Fixed•1 Clarjautot snch month (len tan eapadry trelate reveues acsualy rccst, cd hi the Authority dusina1 iuch .mnitt lmi psnnt so Section 3!tllrcru4) and the denomna(ntor ofw,, ch shal be the stun ofthu budatl, zsamnant of" Anua Irwiece Four FPied C•izgea oroattsu mouth (ls, any eap.l•:fy relata revenuur-sct,,-,ly grzlve by7 the Aulbee'fty dustn •suc month psuusantt t~o .Section 311 here), ]pl• thobudge~ted amount f A.nn~ual Project Three Final Charga for such mouth (Ima any' eaptrzh-relates~mouns actualy re~snic~d by' the Authority during such month pursuant so Secton~ 311 of' the ProjectThrta Pt~rw Sali. Conntrct,), plus the bud/eted amount at Anoumi8 Project Two Fia (Th.ge forsuch aonth (aa any capaelt 7 .r'lsfecd revenue actually received by the Authority during such mouthpumsuass ma Seto 311 of the Project Two Power Sale Contracts), plus the. actual amoun of

apaczty-related Ananal .Supple~mata] Cats for" such month, piusi thin budgeted amount of' capacity-redated~ anzsal etnuretools sueb mntht of any future projects undestalen by thz Authority with

II

r,.,ect to whiob th Psrtkrlp,,t hins asvuud a contract -,d Lbs r.su •l'whi• have been coinbino f'opwee of estliblhzhloi 8 rateh an41 d chrgb',es; and Lt.m Partilpesat' portion of the monthly GILd.Annua Pro~aet Four Cau shall be such :nsayrs-ral.1 revenus fat such month to ho rotlved fsnnILbs part/kipa t mulll[lIsd bya rncdca the numerator of which ehlls//c t]e LUJ3RCtad smotm or OtherAnnual.ProJort Four C~ osts'o uchb month (les any cnergy.re~latt revsru• actually roedvu~d by~theAu~todgau s-h31smoulthpluduant to Sdioni)02 and 3I1 heroOmt)rod 1.1ed dmimnit ozojwhlehs hall be the sum oltiba hudgoted amount of Ot~e, An slX'rojst Four Conts to: sual month (Iis any

yal-retstcd rovenrsac tcually rore.•e by lbs Auth~Efty durL~n much mout lunuaiLt to.Scdtloo307 and1331 bhrco), plu the: budged amont oJ" Oslc Annual Ploct "hree fotrlor curb mont -(Iusi ay .nargy-relatt rovene~s actually rec.lad by the Authority dusteg such montis puriusnt soStet. ns 302 and 311 a? o! t Pro Jotl Three Pawsi Sales Contrct), plu the budgeted amount of" OtherAnmual-Prococt Two Coess ltar such month (lazs any eners,-rolathd reven.es acually ruclyed by theAuthorit during such month .uruanmt to SectIons 302 an 111" or tSbe PrejeeL "/wo Polo" St)le,Coutras4u) plus tb e mer a mount otenoily related Ann,,al Suppleamntal Costs for m.u:h mouth, plusthe budgeted amounts or sncrej related annad onsa €•dudag suchl mont of any future projects.udwts .bY th.p ,Authoiy'l,-b in rpee to whic the Pauslc~ipan has ezc.te Lolniract and th-cents of whc hay beePn mnrined f/or lb5 imrpoje afasabllzhlnla such rates and ehre provldcd,howa'cr. I'during omuc nucathl tbs amountl to be paid by th Perticipast ptmm'uia to the f'oregdngpe•in of thxis Sec-ion'tor ihe/r portdons ol monthlY Annusd Projec Four. *Plx Charczan•dmonthly Other Amnual Pwlc~t Four CreW do uot in tite ..ggvegas ,equid she budgete:d amounts (CITtota A•nnul Project Four P•e Cbsqss and Ocher An,,al Project Fois Coau tr sc• h month Is'Ima rev.unne actua~ll rsi.(a~l~ by the Autlhorty durIn such monthIms puun~t to Soini 30 and 3t11hereor, she Pausp asti~' p2111o0 e Annual Project Foor Fale Charesu ad .Othor Annual ProceciFour Costls .ah. be sIjuae pro rats so that the sum of all ol the Palrldpanti',port.ous of rauontity,Mona]s Project Four 1ixe Charges u so -dJusted and the sum of all ofiths Par•llan" pinonsof lmo~shly Oibq Anual Project Four Cost as mu adjuzst! shall equal one hundred (10%) pa-u.nt of

* the budgite Annual Praiset Four Crau tro each amoth leus guy revaina actually receved by the-Authority duringa such month pursuant to Sections 302 and 311 heref.

All paymn'ts r~quiedlo he mad.~ by the Participant pursuat to thi Canustnt attrbutable toProjs4 Fmur or to the Annall Project Four Costs shall he p€leded tO ecoUr. the payucns~of the.•Authwfts honds.

Sectfon 318. Fay'mmt as Operatnglapea.

Sn.,ol ari sa ecsrin power abd snerrD shall actually be ecceve by a Pasd¢Iepst frim.• i'ctlityor facIl~its of P~qja rour, the Far tlcpent's porlon of Anmual Projectau P sa hal. mbatpaid by the-Pait~loantsem ou • te. I.puchused s€leeri pow :and j en fo PartIcipant'. €electzlapz a nd- as• anI

* epe.tu rol'pen'tlo a,,, msintonene there...o•• . - . .. ". .'-

S~cdoa'31L Qru€ila to Anneal Project Four Costa.

Tire Authorty may. pulrssqant to Schedule A.herunf. ielU th OUtput and urrlas ofP faciULtieindudt to P4reject Four to othecr ut~iiis l~a additIJon the Authority may utilze, ad and ehtalgetjecapacity and energ fro Project Foaa" whenevc', In Its d~isarelon, soy Iseh rnmsactina Cznsesuonab be tiece to result n a more reliable or oromical overall Bulk Peeve Supply so theFau_ drlantt The .alepased iproceeds fr~om any such mule or trunaamnloaashaIll, to the estant practi-cab!., te ,eadmalodin the Annual Praises Four Budga, and any Ocs revena actualy trecei/r by ,shoAuthoity as t.e rns'ul of such sals o" Ianu..tiona shs~ll be audited to Anual.. Project Four Costs.

12

ARncLEJ•

Seeden 401. LuSOCeC if Add! dorsl Bends.(a) Additional Bonds osay be sold and i,-ol by the Authority In aucorduanc with the pnrviaim

of the Bond Resolutfon at y u~n~ i and from time to tim. In the event, for any rreason the proeea•derived fom the sal. o the Bonds ml vald]•ol parpuant to the© provlsbon of the Actaind of thuContract ahf be buSicniofdt (0or th.e liorpn of comple.[ng the he{Uticsato Preojet Four and p.ladteeach faduicy theeo In Commercial Operalmu.

(bo) Addhtiwna1 'od, may bc sold and Issued by the Authority in arcoraneco with the provisionsor the Bond Rcsolutlon at any time aod from.tiae to time In the e€vnt funds am required to pay thecent of (1) any .qsa•or renewals, repkscementt'rsepra~n dditions, bettermonti, or Improvewnt/, toProject Four 12eceaIt17, in the opinson of thu Q(osullng Enzineer. to kuecp Pro~cot Four in {tood{operatnt condition or to prevent a loss of reveana secfrdow,.(hI) sny nr.~or additions Improvements,repairi, or modJl€ad ons to Proj~et Four, or any resl'emants, de.ninmlaztonlngs or. dlrpatala of ProjectFour reulire by any Iovermenl ageUCy havmn JuKlsdktion ovar Pro.ject Four or for whk.5 the

* Authority IhaUl bq auponJ~hle by7 vlwe of any obl/Udaio o the Authority adhtzn8 out of a y watiletto which the Authod ty may be a party relatnai to ownceritiof dPrject Four or any facility thereo, orf (ii) reload fuel or additional fuel llnventory ttr e€cb faclityo oProject Fou~r In any P aw- Supply Yearto the exit, h that suodast funds are not ava'hable in any raee establlshed by the Authority fcr FurlCwu provided, howe.wr, that no such additional DrsJ mayV be€ isued fo te purpos of addinaa ddltioalt gasreuiztung its to Project Four.* (-')_Any such additions• Bondeshall be: aeuu, by m~asilzenL. c all pa yme.nts atbtrbutable toProJe,-t Four or to the Annua Project Fotu Cost to ba wade in accorda.et ruth cr pursuant to thep~roviions oar th Contrc.., and aU othor Project Four Praeer~alw Contracts, LI such paymcnu way lt,ueasca tad extended by reason of th, lauanmos of such addlional Bonds. and autt additonal Bonds

* may be uIssd in amounts ,trident to pay theful amo unt of inch coat tad sufficit to prutidecu:rcmres u niay o zusoably d-tormlniA by the Authority to he ddlrablo. Any ruch addltional Bonus

offrdeo by time .euialmons CC th• Contract and ofral1other Project Emit Power SaIe. Cantratat betw,,"the:Authoulty and the Parildpsnts relat/in to Project Four and to the juasnee of Bonds abortfer 'rithall bonds thereof oer luued pursuant tohand secured in aceordsnne with the pro visions of this Conct.u

Beetle. 402. Isatweca of Ralundlrs Bendshn Is. Det the •Annual Proje'ct Four Cotsu to tsa Pasliepntz o. ectric'power a~nd =energ from"

Project Four may be indoca by the refunding of any of the on~ds then outstanding or In the erent.itshaJl otherwise be advmnapns. In the opniuSncoaf the Anthraity. to refund any bmrhs •ha Aulhrieymay I-.sue and ael refunlu. Booda to be secu:,ed by asal.mert of .1ll aioenUt attr'autable toroePour or to the Annual Project Fou Costa to be wadalan accordanoce v'Ith or purn'alt to tisa psuvislonaof this Contzact and aU other ProjectFour Power Sale. Contracts. Assy~aur- refttndingonds issued In'a crrdanca with .the piuw. "ons Cf thbs Sec.tion a-d secured by arsllanmast of such plymast rosy ranic'pard pahsu - to the securiy aff'orded by the psufaona of thi CLra,', and of au onproj0 t Four-Poe Sale• (easlracU between thre Authority and the Patstidpat. relatin to Projuct Four and ,Uso

* uoote• of Bo€nds thureor with aD bons theretofore tsaued pursunt to tarisued I n aonsntaocwith the proiloru of this Contract.

Sectonn 4Q2, Adjwbnarim of Annual ProjeCt Four Coat.Tn the "co~i the proceeds der.,hd from the ii uof any Bonds aed~e• the aggrepta anount

* requird for the purpose foe which such Bonds were Issued. the amount or sudsch s a zaE be use to,make~up any deR.de~cy then exiti ng le ny lund or.ueronet under Usa Bond Res.lution {in the mann,

13

0. 0

ihecia proaded, and any balanec th5! 5,e sued t ret•r, by purchase ca •ll noid r armp4nr Bouds in

advioce of asturity• and Inaucir evet the outfty we/ raduea siadb dle~uen o( Aunjiai Projeca Four

Cosu am Ra~cellry and apjrpriadte to reflec mut itlerttd reifremeaL

DEIAUTL.(r .

&edon 50)1. Evet df lnfaule..

Fal~sa tr ,t,, Psurdpant to mahe to the Autbori' Any of the paymeota Yar whick, protdsfonr i

ma~de In tbis Contract shbsl eomfIlbte.a Seft! au tepart of the Partdpmot

Sucflau )OL Cdetin./ot ObU1Jatdoa, iRhiht to fllntuaS.rdcc.

In the event of airy uchSls desut, the PartLidpsnt sb•11 not bez ref.lnved or itU lhb'ity for payment o

the aingi~tn In default, an the Authority sallbsU t~he r(Kht to raver• from. t!: Paridt€paa. any

amount in default. to enforecemcst of any $su.h rliht of rc.ve.•, the Authority may briui sy suit,

melon, o• procetd|n Ia law • In eq~uit, Izxd.udtn2 mudanus and ati-fon for specihe prdomacz us

ma be nsmastry • a~ppopriate to en/'onc any ouvr~t, 4reeare.nt of obl/gatton to make payTcnt foe

wbk.. provisfon 12 mad in i~bi Conntri apslnt th: ?Px-ic~jat. ndt, ,,ef Autberiy may,'upo ,aey

da• writcn anotic to the Nflert~n.cscai, c and d12c~mtTnue prov~dinj .:n-ccirnder thus.Coouact.,•

Satcduut5O3. I ot Taifor Ptynien='In the evt of such default by the Partirpant, the Pajlopant bsfl• provide Ice th aeacaunet

and cnlztia of' an annua bz aia~dert to proid fundo annoafly to wa1m al payments due wder the

provft• of this Contract in each year over tire reansindar of' the lia of' this C lcnta an h

Autlrortyshafl have the riiht to hsi ay uitI. acrien or ~rocwidloi 1i .aw or in equity, Ineindlna.

madamuns and action forc specifc per(orffencc. to enfoc€o the muannt and ce•-,do• o.! eno~u-

InS~ direet gnez un upcn all the txaibi Foprty d wib~nab boundadu of suc Pmnlezpait aiiicmt

in am~ount to pee~ide such luoda annully in each ~ra ofth runalnie of the Ill, of' th~s Contzact.

See tfon 504. Obllgudou Sbar of Defasdt/na Par],aLu.

In the event of m default by. aI•;dpant. ,och Nziicdjut shall become lible lot the prattr of

(1) its zrpctive Irqjcct F'o.. CObliltlon Share, as aet forth In the Schedule of Oblliadfn Sha~rm

hereo. of', An~nual Pcojct F'our Co0t•. all other amunt, due uxnde this C~taetbruy1 such default.

fag ,nld.aut or (IlQ It Fp~act 0 ttloir1undee Socrior 302 hereo, mndabaUl ren so llable for

so long an pich ddalait ctiuanc,.d • • anrb tount are pair5.

S•,drou 50., Ott• Ddmf~et by .Partttpa~t.•*Iu the event of a taliwre of' ,he Pazrdpanst to esabb~b, matntain, Or arl~i ratesar ohr/

mdoumta Io peovre reveue •au t to enblutr P ardelpat topa.yafl anrounts dn to theAotbairy

unde" r/• inrtiaci or In th event ni falr o• t h1. Paruelpant 5L•k f n" thc Antlovity it. Thrk* p• 3s~ in aecerdance with',he •osfn of thds'Contrac1. or In4tae evet of any default by the•

]PutICIPO Ued•JIY O "€fl :nt.Ikzlrincrt or obliadon'ot tit Conuatrithe, Autbonty may* brin any aub ado,onor prculdag to awer In equit, Irndud~in arndamun, Iq3uoctmo and action for

apodic YttfUaralICE, au ,ary bO II.€elM57 Ut apprupite to enfomena ny covenat. aslieeu-nt or.oblipti]g• ofr th Contr'act ftagaizt the P]rtI4D~aL

Section S• Pafamt ly Asthoilt, "

Inthe aitit o' a-ny dofault11•y ilt Authorty une amy covoenant, aveement or obligation o this

CootraciA, thb4 Pandpet rosy']s b•rinn suitt, action er proe:4na ,in lW o• In equity. Inc€l~udl

moan•anus, Wqunetlon lind ation fu.r sp/• adrer ~u asl piy be aecemafy or appupriate to

cpee an.y coveat. a~peuat. or obl~gttonof this Contrat aaktst the Authevity."

14

Stetion 597. Abandolnment Of Remedy,In csie a"ny proceedin al tt]n oj ascuout of.,ny delauli aball bate barn dhze0,a;,uod or aba-dootd

for any reavon, the. pixiia to such pmceedinps shali be ruuotud to their forme p.111lc. aid tightshruinmder, repectirely, and all r~ibls rn~edlia. pow~rs and dutles of th Auth'b;ty and the Parxild-"pant shall continuea tt t/ugh no such prccu11~f~p bad been utae.

Sect~on 601. Chrasrcter and Conihnilty a! Strike.(a) "hec Authority may• tenmporai]), iofrunpt or raodce detlycricau trlcucu• cueaqy to 'he Partilci-

•pant jf the Authority determines that such internption or reduction Is nectzaary in case oicrnupnd~u or in etdc to instaU euipw,,et La or msnak repairs to or cplscramros, Lnutetztiia. nd,,,inspections or or to perform other •*itentane work on hit gcnmtloo or tranmmluaion findidhs ntndrelated appsratus•5 - Altzr rifn'cmnln the Pan..lpso regardingt any auch planned incraptlrone orre~duction. g~ing the rca.lon tbezeor, atndatat~ thin probable duration thcreif, the Authority 'wi to'he. best of [ts .bilty Achedole such Intrwptca -, red-ction at a tdma which wil case€ 'a leastloterf ennCl with the O~ei'tion c'fih PartldpenU.

* ~~(b) Th Authority shall not ho rajuired t pwevlde, or ho liale for fail•ure to pruvde, servicewider this Contrast w, oa such Imilure or the crsadon or a€rtalwectI f o~r [rieder.c tadt• the ae',ec"

* L caused by Uncontrollble Forces or, wltb ra•et to the servica to ho provided oro SupplemnctalBulk Young SupplY, *u ,-aused by the ralinj€ or refusa of any other bulk power Cu plleto• stae~tr Itotre~asoatbls ¢npttm'cts with" lie Authlority or by the Ihabllzy Of the Authority to ob~n si-ay reuliredgoiemresutsl approvats to ecabthe the Authority to acijulte or .mstruc3 any IacUhtlcs.

* Seedous' O2. Mi't tdng.

to he pruvdded all .,ccuwys mezrhi e•u~pant for detnrs•n tha qusantty and condtin of thes, pply of dontric poewr and enrg deliveed by the As~thrity urader thi Cortntl ptuylda4. howe~rr,thai the Partdprsmt may) at ;It.in cce € I nstall additional meteringl eirs.esnts to •nvd a che onthat of Lbs Aul•oILty. The lartiripat shall sapply without cent to the Authority a suilabte place farjistaltltp tho Ant/hcdty's metering eqsdpme.nL

(b) If aiSy meter used for bO 'silngels to regigtr or is f~tu• to be: i~aceumlo, th Authority alrepair or rplcesc h meler. or case It to he repsirid or rep.aced,t .,d an poprltas biUlaig a•al homat te Late Pardpa/nt by the Authbority based ¶upr the bra jnfrmadoa available fro the peridnociaIgdary dare,- during wh•.h n metering occourad Any, mete~r Wned, and (qeMu to ha no nmr•than two perenot above or below eornais shall be comTdeeed arauratw Insofar, am comerrshn of h~l]•ln iscennczuA../ u aa reanlt of'any tat. a mesarj h b'und In rqlaer In ezamof twopqun abmem,below normal the te Lb.redinl otrich meter pravionuly eake. tot bilu~ig ptui7o•..hal be4 om'm forthe peiod r uin which itt I. Utabltsrod the ax.ter wu inaccuate• bus no co'rs~on abl b u~ade for

Power and eergy farnished to the Parti'cpant tider. tris Contract abal bc in the form oftis

•Sectia •O4 Liabillt of Pvrtls.The A•uthority a ed the Parlldpant shall anume fllU "eponalbillty and Utibilaty tot thn malitta.

nance tad aperason ateb!r respcdveprjopenes sad useb ha I ndemnify a~nd s~ae hatrmim tho othetrenn al liabilty and ezpene ona ccount of any and all darrials, clalara, or aetio• lluiu•n lzq7a to

* or dreath eI pcnms arsing from any, ast or aealdent In cooncesioss with the instalaton prusulee.

Is

S

matntanacna nd opentlon oltdie piopcrty tod ups~poent of the indemnifyln party and ent caus-ed iinwho of Inl pstl by the nta]Jlgenc of .t~c othier psrty, provided that say lIability whbch is incurred bytir.A~uthority through thc op•crttionan.d ma~ntrnoee of Prejot Foer ,ud not coven4 a? not •crvczdaufficlently, by Ii~fnsnc 'hail he paid iolely frrm thu rc'veou• of the Authority, and any paymentswalde by the Authorit~y to stibry rocb Iliabilty ahaU become part of the Annual, Project Four Bulzct.

"Sectlc 605. OtherTu'ms an Ceudidoizi

Servien h~etreunder ahasfl ha I aca•mdanc• mth such otherr te'rms ald condilions a are ontabllahedas part oI the Aquthority's aervie ruc and regutatonu which shl act biIeorrastat with theprovilon o this Coefrt.

S ectio, 6g16 .•sinment of ConracL(a) This Cota~ct shall mire to thc bco~e~t of'and ,hall bebinding upon Lbs respective suca.s~os,

and a nsagi oT the Partie to tht, Coonkct• providrd, howevcr, that escept u povdcd In the rwyst of adelhub, ad, .xa•pl (or sho I~lUj~nment by th Auhority anthrorise bcn", nleither t6 Contrzac norany rntis herein shall he..tranufrga or assigned by. either pujhereto axcept wl the cansnot Invvtn of the othcr puy hercz, preide:d, bow~vr. that au.'h• consent aball not he atkhald unreason-"ably. No asignment or trneafa of ib Contract shall relive thu aticS ofsay obliption herundcr.

(b) The Pa~rddpnnt ac.hsJwledges and alper that the Authority may asrIga and pledge to theTru, tee doui~nated in any Supoemen~ta•l Poject. Foni Power Revenue Baod Resolution a1j Its sJght,till;, ad int~ust In and to all paymntr.s to be made to the Authority under theo prbvions of tiCoatrat attrulhtabla to F~rojeet Four or to tIhe Annual Proje~ct Four Costa Usjcuilty for •1ep aysnent."of th psiepal (Includlng alohing.fund Instaltznct),o. 4a adn pr~dwon, If any, and Lfntient vo aDl

* onds, and, upon the UlcdilA ofiurdi Wiglmutni an rpdu;l suds Trztc. shall have all'eghsb andremedla hecrdn provided to the Authsrlty, and ,ny ruef ehenio to the X ut~lwly sha~ll be dc.arnri,w~th the€ neassy chsoze i detail, to Include such "lbns te which bshll be a tbisi party b~uencicazy of

* the covnanu. and agreement, of the Participants herein c€otaloo.

* Section ED07, Termlnatln or A~me~ndm of" Canntsc.

(a) Th Contract ahall not he ruintaJ 1y cfdbef pary uadar arny clzcuaustn•, whethe~r basa

apeddeably provided Is ehh ContruqcL -.

* b) Thxis Contract shall not hoa mended. modlk~d, or otLbcwke mditeed in any maonne that wWiaduencly affect the security for the Bond afforded by tJhe ar~otiao o thIs Contr-ct awwni. thepusebae. and saleof opowe hereuodu upon which the ownar from time to timeo ۥiho Bonds shafl hay,

".:reliedas an Ilducurnt to pean ~usandhllz•d ~theBonds. So long au any of the fladiarc outstan. '•or untll adajuate Ev•tim f•_or tz pjly~t ter,-eof have been ins do In ae•eonf wi'th tso prov6.osiaof the Bodd lR.sobltloe, thi Coal~tiu ah-U uot be amended, indle. or othulzrea•ltlea in any

annea~r wchich wVJ reduc, iho paymetsu pledg. das £cenziy for the Bonds or €.xted th rlmaof audip•y~n provided herein or which W•l I a manner Iupafr or adversely affect the ri~bl of 11wowner froat ti to stre of the Bonds.

CcJ .in tuz re..nt 5) the Authority does not arcquie •oe addidona interestu In Vo~u]€ UOIINumbers One: and.Two us idantlde In the Descd~tloc ofr Projct Four or ('U) al of the i'~Paalunwblich izae entered into Fowe Saks Coftract 't .wth A~sc orl~bty ahai have not cemend Into Cntasaci aonhandanly Identcacl to thi Contact fur the eUrput and servico of' Project Four, thntiCout• shal~l mnIra~te and nee pat shlUl] hasVe ay fute rights or o•astionas he-reund'.

it6

ALltnar. VIE*SgcUoa 702. Sem-rb•lt,

•In CiS sy one or warc of" Lh±•b p~vio of th Ctrsatcl zhlI foro msa" zwuson t held to be m~egll

and entrrc~d us IL suc Wajla• !nyuid rmlo had n• be• etaunL •ln u this tn

conflci wsdth e-n7 aplUcb• provhzks ofr sad CowiI•ru: or lwsw, tu hutl sa aot~d by the kuiia-.ture indi (.n tupntzd by th cowl of th1s ~auteJ! ~l leh llaafay p~mzbl harrofhcIn ctz€

17

j .S"

. .. . .. .. .. ...- .

* IN W/I'1"E-S WHEREOF, Ih MuIinki| Electr;c Authority ofGco•,1I u hi a•sd thu Con.

.606(b) bawl,' by iba Ac~ority to Ihc Truet so bc ddi~uUzd in a~y SupplcmenaIa Pm~lwt Fecr

ab,, Aatbouity in aut ,?rtk:puzz Is hereby zdcnawleduti-, l as[ a oas day an yecar lrn: saovt :waitien

MLTNICIPAI'ELECTPJIC AUt'hORI-tYOFOEOR, IA

Apptoe4AITOF~rm -y . '~ - _ _

Afl: _./ ' A •..

Soz7Trasz

cty& • . ,

Apparvb'm Au To Poem

II!

S 0

DLsC1UPTIOl OF P•ohF.r •FOuJTha (adljIcs o ProJc~t Four-aball bc th. ro!!owlng

A flva ipc~cnt udl'viicd •tntrat In tha tewo I ISO MW:€ maximum zi Cr- oudw cocr Rna udt~ito bc known u the AIbi~t W. VostLe N~c~nr~r tn • nzr.be OQ€ .d Two (CwvduTldc dndgulcutd aVoitle Unit No. ! and Vo~itl U.nit Wo, 2 acid coIleztiveJy d~ji'td u Plant Yojtle) to ba boatednest Waynuboro in Dukn County, Ge.ou~is,.Indudl,,g fo giac utmst ( land icUnctedaz d duxz-ib

Court of Thirko County, O(}xzia.l and aM land rIghtapa•ulo/ng zhn, (II thc ni:zr pow• rzatcuni,the t U•-scuuatora, the build~ng, liutmeig th s.ma, the w~odato aia~f/Iu•.. a.d equipnmt,anthe re'late! tr~anmiaina faci1ie all u more pat.Lcularly dcncn'bed In the'Appflcat~cn, ,ad int,-d.meaus thz~ctn, by the Gcwra Powe Company' bela the Atomic Erncrw C•.un~ h Do,'et Nw.',5•0-424 .,,,M .50.4:25 sad th6 Prv;•Ur•ai •Safe Anaiysh Repoti_ an aianmun,',, zle wnhb

etulmnntat mro umo In •nnaiion with Pla~t Vogtde.• ". "

SCT{..IJUL, OF OBUGKTION HAR!-"Th Pro03C Fouir O'blatim~ S1ires o( Lh ,nual PIoJ• Faux Corn, whk• Zzd 1be • o

tbceuric.i pzrivid by the Autbothy In ae~c~dsn¢c: wth es p•ouio O'Ec~dac 302 irdi 305 or" ibCotrct, shail for ceaPz iid~cp~.t h that repczior~,~ P j¢ct. h'u O•blardon Sh1w jrJ ,rti b rE,"~

.. ;an .. ....... 10 1O[0. H q sz x v............. 0.25P6' ,r....... ... 0.41I. .711*5n .. .. . ... •. .. . . . 499

l~ar.7.............. 0.114 L aFayc: ............. 1, .15B z' wJoa .............. 0,03.1 Iarm..... 31.13Bujr• ............. 0.570 Lawr•.~1~ .......... 2.J61

.... ............ 1,713 Mwzu•,. ............ 0,02"7Cuibounu ............. 2.810 'uj • .. ............. 12.761................ 1.093 M •,e ............ 1A462

.......... I ..... 3.203 Moui1cio ............ 0.405Cei€• zks ..... ....... 7.707 & e nij......." u....... 3.070Ccmznff. ........... 0.641 ? l m an....;......... 1.605Cor ~ z................ 2494 Ho1i ............ 0.346 •Crirp County ...... 3.43

.... !,35 S7h1ni .............. 3.111............... .. 0 Spyftstz. 0-9"9P'Ur'um ............ ,• .0.563. ThOz•.Lt1 .. ......... I..227

Pltzisuql ld ........ , .. 2* • I% s• .... .. . i. ,... 4359

! ,qi~ e . . 6 4 W e a t /e h t .. . . . . . . . . . . 0 .4 2 6 .Ormnhilla .. .......... o~oaa W .. ............ 0.12_.. 5

SOP.DUU. AThe Authowty. In aecodanee wit thin pwv~ini d Secjjoa 311 of the Qininct and mubjact to the

prorlions ci the ArlvS• W. Vogde Nudear Untst Nuznbu Oat atid Two u lcimas .Am.ndwot,AI~9nscn1 sad Amamm~plldn Agreeznent, dated u of lNoiemocr" 16, 1913, ba•weae Ocorgiat Pq*etCompsay and th Authorty, Into .' to sel a jxozdon of the output and ueridc of i Priacer ontr tGeorri P lwcr Coinpaiy Sn ,ccordance with the foloig av ch•Mut

*A. As to 38Q of the output asoelated wirth tho AutbOdmaooet Fonr, ruiie uiwl shll •:u

ThM lPodca of the Power Sup•l yYor

Diana no' U t kor ~C1 Four .1bre Full Pwer• SuI9Iy YearFolot~ oiinegazi Opeirnion Date s.'Seaud Full Power S upply YearFoeowt•r C~nmmudi! ratfg,. Datt 37.5

* Tbtri•uUFowutSUP~fr Yaur,

Foiuth Full Powir Supl~y Year

Ste'k'Yl y~avSu/jly.Year 12•.5

Seyqti Fanl Power Sup1I Ye

:B, A.s to 7.4w o Iate output aewitrol wit1 tha Antbodt'S Project Four, much tales to UCewriPower Company *hal ha e.qul te 10Q• of Lhc a•gu and acrndce hc:nlq wIdb ths ComadaOpemton date oe a Unit of r.ofr Four and conan3 uif ba atn tci l o t feoziemtb fufl PoeruSupply.Ywt fdllc.lq the Fawer Supply year k wlelcb. Com m da OptuttuUo.c aut Unit

C.. Am to t4.81~g c( the output ifloda ted with the Az~zuznty's P•rqJvd Fou.zchr m ales en•mPow• Cornpony shall be equal to 1O0S o/f the ouput tad ina€ic bc•o •.tb t/s CououmealOp'r~o datJ a Ual lie cPrujeci aur and aheloudn oue until tbs later to ocrt af(I) rsfr~e~et ar~h Unit, or (U) the ktit to o•u o thelalau data satk for thc payneet of tis Wiiptr i eBoo~t oror pwv, bein wl~ a or• 'rnh paymet h• a~wa~mzs wihhSetioa'1201 of the Bawl..

grante~d In Se~on 311 to sell mad cachsing powut".n~d anera from Pz~uJct Four.

.21

0 S

k4 •IFJ •aSI•ii PA71~lY CFGEJXiU

This Pirt Amundan oe'projec't Pca ou r Sa aC~nrntzat,

rnoar• entered into a• of Jar~mry 1, 1966, Iy an 1~etei the Hamici-

p ~a vlc~:rZc I4Ltbrty of G~rgia, a tiibYic 1o~y coro.eat and pl•.tia

a •hb11Cc zrpratlu• of the Statu- of Geor~1A. heraelaJftnr sore-

tium. rsezered to aa tha Jaiaruthyt, create by' the p•ui£uloas of z Ga.

.r. 1975, P- 10?, a, azn• IT~t.l 46-J-~110 O.C.G.A.),' and the under-

slgn•a pilLt1c~1 6uh3.LviSitc of the St~ate of Geor~La, hereinafter sc~-

'WTTIISSETHz

DE It ren~beed that a Project Potuz Po~.r Sae Oxntruact,

• ated of 1•ve~be 16, 1933, baa'been excuted previously by" anti

bet•,s the AntuhoZty- and..tae Paxt/cf!int, "and "

* received Its uho1..sale power noppl.y from the City .of ovirti has

- WaZAS It LaIivti £84: t Intlerets "of the ?wthority, t],e

* partXcipants and Oxf'ord for Oxford to bec~x a Part.•ipant U• the

• aa~ti.c- of a ProJet Fair I'w• Saes o~nt.ra

Par and Ln conaideratfon of t~he pre~dses and the amt:uai

cti~anats Lan agreez•ntz hereinafter Set forth, the so•tic~wcy of

which Is hexeby ac)knale~e5, it is 8g~e55 by and 1e•a the ai tea

hereto that. s•i Contzact (a he.,eb ae. a as foI1o•;

Sectio 1, •e.ut1•.i• is tereby aizthiriiei to enter into

foru of thL• .ProJe- l'cax laver Sales'Corhtract" rith, much chanajea ag

may be req~Jired to sake such contract appblecata.o Qicf, o nr the

AuthoritY is. f'±rther author/=ed teo provide to Oxford. outpu.t and

services'of Project: Foux in accordance vi th much contract, and to•ovid. that Oxford's Obligation Share of ftojaect Four'.hall be

a.191t.

'assirgned by the AutborityLto cordo=z Pravidid, ha~ewer, that the

1.&thority hereby agrees that it will take all na~caesary action to

'enforce thin vayInt of all sum due by Oxford for its Obitgation

Shr, and this Farticipas "zhaUl receive credit for its •ro rata

Section 3. ThE First M3Z1Trlft uhali • e~factgt whe

inlxh . e= nt baa bean .•v by P cipasts wbose 19S• B5 ransini-,

sloai EntL~~et Share. rqwset, Jin the aggregate', not lens than 151

of the total Px.tic~ipnts Transiias~n Enti tlemesnt Sha.r,, for l•85:.. o•vi-a3, 1to..ez~, that the Auhority nay ma• gnLc to wor retz-

actia. to Januazy 1, 1986.

IN W1TNE•. WHUREO•, the t~mlcIpal Eleufctrc Au~thorLty of

.Georgia and the PartLci~arft have'caused •:h1s FL•s •dme~set o•

&z•i ofL£i'mr5 and •tmh~ •c~rate se-als t~o be hereunto iupe~sae an

a(:tt•s, all as of t•h datae and •.ear first abovu written.

~raved A~s to Fona

~rnznL

A~praVed Aa tD Fo~

* (~41~ ~pont Atto

flOAI• O&' •qDR 5-n•G A•IO LUlg

,°/Rso rrrcw~~

*AMENDMENT TO POWU• SALES 1OACT•BETWEE

MJNICIPALEL•CR1C AUTWORITY OF GEOROIA

TXE UNDEREIQED PA1TICPANT

This. Amenuzt Cd• "Amm•~ ii mac an ano •iky of 3aw 14,

107, s •enadIM (O.C.OA. • 46-3-110. at sI.), and the mdaizd .poLkica

•ibivlglon of Ow Staf•og nahy 'mrim ;esgzIca Owm ll.in

W]T14ESSETR:

Amiendt datd as of Ma 25, 1977,. T/lhhd/ A,,Mule-, dazed as vfFeliwua 1.1 97R.

a Fourth Anirw dazed as of May ]. 1950. a Fatfh AmcidmanI dare ma of Novewhc=

16, 1983, a .•[tb Am.4ncit• dac as of iauz I. ]986, mnda Sevraph A•-

d.lw,,, of May 31,1989 (h~ndaft• TnPmc One Powt Sale Comzra"; a,

WhEREAS, ibm Auahmft and duo Puzddpma eztucd imlo a. Powv• Sales C•

A~mante date ,,, of Jauary 1, 1935 (h.•na "Phjet Two Po~W r j

A11JIUU INi••3

a II • L

W1,mIII•AS, t~A~ho u~isty .d the Palcl.arn ai€•d zi fl Powa Sul~s Contzucdase~I u of May |,130 zgO,;d a F'rst Am&• data as of Jmny 2, 1916 (mnf

WHEREASV•J, ,.5 Affiohy/ Dd the PmtJcpmU ,,,ta~djimn a Power Sal. ofr•

dazed mu of Navoveb•"16, 1983 ,,,,i. Fint Am~dm,',, dae~d as of Inmuyqt 1, 1986

* •e•5fta jdv• ot• PoW~rSuik•C¢ itzu? mid

WHEREAS, •a Atnoj miii tb Paxlp~mi wi to adi the tmar of t~o

heaPwe. Sal,'s Coot and the Project Four Power Sae Cixfrtrt(n• l~

e ometin• referrd to collecivl a the "Powe" Sales Cafut" to the msimn

palod alki,,S by, aw; ,,i.

WHER2AS, die Authaily has detarnin that it wilnt) ertan4 wi' • 5

ft.d wuz• cai detA camipozi, bend the cziw• tarn of m0 Pbwer Se.

., Cutr,,amit .

W•IfEREAS, the Ammr mid 1hz ?.td z wdsh to tawde foir a method of

aUlciie of the ao ,mi ue'viw m'd cost relating to PoJects Twn, Projec Thre d

Project Pou" "tor iho piod of te tern ae'.=on of the€ 7oriu- Sales Cmaita vairgstn

to archb P~nij~aU as •l ua •id~ng for mi inbwdaiazt i. th, Sc.hedule of Ctrlilgiou

NQW ThEEFRE for mid in oidautban of the •un and zegal

cvraila and a~oeanishnal ad~•= frt, -.• in ore in provide ftr cartui

-2-A•,Ii liwmii~r

rbaage in tim poww" Sale. Contrcg it in apreed by mnd hatwco tha AW22mfity and thc*Ptidpazi thtd tnm a of thu PowuSalai Cambut nhalt bc em~md a faowam

Stetdon 1. Ezta~e. 4 te •Ttrn of thu Power •Sik. C~mbattu,

Thu A~dority md iatnt . u• .ba'•y aiz 4th tea of dhe Powe- Sale.

(a) Thu tmnr 6Z ii. PI*Ct Ono Power S.le, Cn~tm~c ia benday

* ctndn hu ar 1. 2024 uni J,=o 1. 2.oS4 (bn .tn "Pvjt O)i Twin

(b) T'hu tan bfl Pro je Two P, ws Sae Coim in a *

aztrned fitan Fchu 1. 2028 xm• Jun 1, 2Q54 (0 uarcnI uP~uect Th Tain

erw eijfm May 1. 2030 •iu1 !no 1, 2054 (baiutAY "Pzject Thi Teru ".'

(d) "The tw-of' l Project Fore lPowe" Sale. Co•.ia hamby

ciieed• hu "Nevunbe" 16, 2033t trI .1il Ju 32054 (hma~nfe "Pzu'ect Ver Twin

Etuiwi Pmtiod'),

Seceton Z. Allkalon of~irofe-d T"o. Pxiiect Tln'eo rio Pioi act Four

Seto 08(a) of the Pujaed Two Power Sinra Ccm• olbtist due

tak hm di.h Autlavzty, the ougmS awl awicrv of Piroect Two based opan th ralm mad

e.gt mbilshe by tuAuhtrAmt'pniumit en Sactia 307(a) oftbnn iJect Tw Power

.3-A&hV~lIJW1r,,

s'aainwinIfrLv

po m~al tu..S aqi/o £p= oqi •••u Isz .,• tcpg .33 31sUss2.usd m~ql

p.m £q •w qm szwi~ud p•a or• ,£q pap~rp oamui Suiu e psmwnf •iu)

piin =o~IAm6 Zp .• wwpa• • I•f qo• •q alxm £muzusl jxoa amq Zuq•..

,Aq p=.•.tp adup~zu v to&i powuq uwdpza.j •[ sq oj pwmo"l DQg

aq• o~x wap• • ai • ,qa• mdiz• mji paw Apny • "•DD uoF. nso•

~ arp o (')c ~w • o e, •.mi !$o AP3ny .t~u •q• $ouq• aWP

l •..UU• ffie j•I 1LP 81.1J 3o2 oL & p•.)t'IN ,aI '4Iq3I mp p

01 o•1 m:=€ djpo P• '1xm •pZ.L 9•h •ofono aqg 01•. p~a0Zmi 01 sN

di Poect Th Power Sum Cmo•bc •uejald to preset vulus (bnfu "Pzvct

T"hxue Bilnh Sbe) The pieo va~ti cau on rbU ho hued upon a dm~Z~n

Section 308(a) of the Projec Foi, Power Saics Cotr obliple the

Ahuiyto provide to ewh P'roject Fouir 1nm-ic•:un, aed obUgp• sch Pardpuip to

ehmr : eb•ib by th Authority prnshmini to Section 307(,,) of the Pljo FiRoa

Projec-t Fore Term Pzmix Peeod the output rod mevfa and eo~t of Proujec•t Foot

~albe alostu to earix Pz't F~our Purticipmni bured Izpon a pt•Ig di• by

dividi~g the tota pai.nc• znadn by each Pnrict FaIN Pe:szt mp~ fr- debt ua•cemi

fcr caia ont durin the ecfrt of the omigina Iro of th Projed FOU2P'owU S,•ea

Cozdract 4usted to pra• VLhi. dividel by the toa palmu,e made by uf Proj'c

Four PsrtLcipsrrt f9 debt e•ie ad w~tlc ab[ h fr th ,.,tb.y of the oulinil ter• of

th rarlof theo dgfrz •z of Pojc Fu.

A~xdi. "all, d~ie i~o .of'-ovunb• 16, 2033, which ii the exi,,,o dale of

th rigina thzu of the Project Fonr Power Saea Cafa thes Sc~ba1~r of P~ojac Foin"

A~rL~lfr.5-

ObliaIoiSm a eh• ha mne a so (bat eac Pwjec: Fui Putrdpaz. Obligi•n

Sectlon 3. The Azzlndthezby epe dat it shall ant cxtax di tzum of wmy

wcitcizgua-• d•b ezrc~uaJe of" exsn det pta to wokn erq+aI i •

PtwuJnOn geueunm deb dull dlnt be ezciai eod. Ftyh:n.uy 1, 2(128; eziating Prcjec

flue g a~ion deb duf not be cixmmde b-yond May 1, 203fr • e~dati Pojec

Fomguerati•'on &b u nal~itb bezla beyon~rd NPov~a1:br 16, 2033.

,edlon 4. 'T1e Powu Sale Contmcn as mamxled bmpby sha~ll c•tu in

elffec awl u rm' ,ed~u~ by Lhe pro'lies. Tearn not. definal hEn e~n to be ,'f"oal ma

Section 5. This Am m rshall bcu:ui €.e:€tio wha dulyupttved and

e~uindx •u dumliat by the Pu'lciman, an wbai azxue, cn id dcllv'at by th,'

Affihntty. Th Ai~hoety "will anly ,aeita and de.liva• the Am u wht it baa

demnl t hat the Amudi or d~m•l •mendmmi• h.ve bea duly uzaet--al and

ckliv by echr of the cmual 8it•iz (49) Pzzticpursn.

• [sip• Appe on Nati Pap]

-6-A'TWUSI n 4"17v1

IN WITNESS WHEREOF. the Municipal Electric Authority of Georgia has

caJuwZd this A'menmet to be eiecuted in its ~olporate na-me by itS duty authorized

oflcers and, the Awlhority has caused its Corporate seal to be hercurio impnre.sed and

ancsied; the Puxticipnnt has cau.ed this Arnendmrnen to be executed in it, corpomle name

by its duly aulborized of~cers and the corportem seal to be hereunto impre..ed and

roteted, ind delivesy heseof by the Auth~ority to the Participant is hur~by seowledgsd,

MUNICIPAL ELECTI"IC AUTHORITYOF G•EORGIA

PARTICIPANT:CrfTf OF ADEL

"" .___________________

ISEAL