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EXHIBIT 2
TWENTY-NINTH AGREEMENT AMENDING
NEW ENGLAND POWER POOL AGREEMENT
THIS AGREEMENT, dated as of the 1st day of May, 1993 is entered into by
the signatories hereto for the amendment by them of the New England Power Pool
Agreement dated as of September 1, 1971 (the "NEPOOL Agreement"), as
previously amended by twenty-eight (28) amendments, the most recent of which
was dated as of September 15, 1992.
WHEREAS, Participant generation resources, other than hydroelectric
units, whose annual hours of operation are restricted by regulatory
requirements, contract terms or engineering or operating constraints, may
require treatment different from that otherwise provided in the NEPOOL
Agreement for Capability Responsibility and energy billing purposes; and
WHEREAS, the signatory Participants have determined to amend the NEPOOL
Agreement in the manner specified below in order to provide for a modified
Capability Responsibility and energy billing treatment for restricted
generation resources.
NOW THEREFORE, the signatories hereby agree as follows:
SECTION I
TEXT OF AMENDMENTS
A. Amendment of Section 9.2(b)(2)
Section 9.2(b)(2) of the NEPOOL Agreement is amended by inserting the
following additional provisions immediately following the present final
paragraph of Section 9.2(b)(2):
The New Unit Adjustment Factor for any Restricted Unit for which
proposed plans were submitted subsequent to November 1, 1990 for
review pursuant to Section 10.4 (or, in the case of a unit with a
rated capacity of less than 5MW, for which notification was first
given to NEPOOL subsequent to November 1, 1990) and for the
Peabody Municipal Light Plant's Waters River #2 unit shall be
determined in accordance with the formula previously specified in
this Section 9.2(b)(2), modified as follows:
n = K1(c-C)+K2(f-F)+K3(m-M)+K4(d-D)+K5(f-F)c2+K6(2500-a)
The symbols used in the above formula, as modified, shall have the
meanings previously specified, except that the symbols "K6" and
"a" shall have the following meanings:
K6 is a scaling factor of 0.0001.
a is as follows:
for units with more than 2500 annual hours available for
operation, "a" = 2500,
for units with annual hours available for operation between
500 and 2500, inclusive, "a" = annual hours available for
operation, and
for units with annual hours available for operation less
than 500 hours, "a" = -7500;
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provided, however, that a Participant may elect to avoid, in whole
or part, the effect on its Capability Responsibility of a
Restricted Unit's availability being limited to 2500 hours or less
a year by agreeing to leave unfilled a portion of its dispatchable
load allocation in accordance with rules to be adopted by the
Operations Committee.
B. Amendment of Section 12.6
The first two sentences of Section 12.6 of the NEPOOL Agreement are
amended to read as follows:
If pursuant to Section 12.5A, a Participant is deemed to have
received energy service in any hour when the Participant (i) had
Entitlements in one or more generating units which were available
for service but were not scheduled for operation by NEPEX at their
full available Reserve Capability (or, to the extent applicable,
at their full available Temporary Reserve Capability) and which,
in the case of any Restricted Unit, had an unused portion of an
available Restricted Unit Operational Allowance and/or (ii) had
Scheduled Outage Service Entitlements, the Participant shall be
deemed to have received Economy Flow Service and/or Scheduled
Outage Service in an amount equal to the lesser of:
(a) the amount of energy service the Participant is deemed to
have received pursuant to Section 12.5A, or
(b) the amount of energy service which could have been provided
from its share of (1) the unused portion of the available
Reserve or Temporary Reserve Capabilities of the units
described in (i) above, as limited in the case of any
Restricted Unit by the unused portion of its available
Restricted Unit Operational Allowance, plus (2) its
Scheduled Outage Service Entitlements.
Economy Flow Service is service which a Participant is deemed to
receive at any time to replace service which it could have
provided at the time from units described in (i) above, and the
amount of Economy Flow Service which it is deemed to receive at
the time shall not exceed the amount of energy service which could
have been provided from its share of the unused portions of the
available Reserve Capabilities (or, to the extent applicable, the
unused portion of the available Temporary Reserve Capabilities or
the unused portion of the available Restricted Unit Operational
Allowances, whichever is controlling) of such units.
C. Addition of Definitions of "Restricted Unit" and "Restricted Unit
Operational Allowance".
The NEPOOL Agreement is amended by adding the following definitions
following the definition of "Reserve Savings Shares" in Section 15.37A:
15.37B. Restricted Unit is a generating unit, other than
a hydroelectric unit, that is restricted in
annual hours available for operation by
regulatory requirements, contract terms or
actual engineering or operating constraints.
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Planned or forced outages due to maintenance
requirements are not considered restrictions in
annual hours available for operation.
15.37C. Restricted Unit Operational Allowance
("Allowance") for a Participant's Entitlement in
a Restricted Unit for any calendar year (or for
the term of the Entitlement in any year, if such
term is for a shorter period than the year) is
the number of hours for which the Restricted
Unit is available for operation during the year
or such shorter period, whichever is applicable.
The Allowance for a Participant's Entitlement in
a Restricted Unit for any year or shorter period
shall be deemed to be exhausted when (i) the
number of hours that the Operations Committee
determines the Participant would have used its
Restricted Unit Entitlement to minimize the
Participant's overall energy costs in the
absence of NEPEX dispatch, plus (ii) the number
of hours that the Participant is deemed to
receive Scheduled Outage Service with respect to
its Entitlement in the Restricted Unit during
the year or such shorter period pursuant to
Section 12.6, equals the Allowance.
D. Modification of Definition of "Scheduled Outage Service Entitlement".
The definition of "Scheduled Outage Service Entitlement" in Section
15.38B of the NEPOOL Agreement is amended to read as follows:
15.38B Scheduled Outage Service Entitlement of a
Participant is the amount of Scheduled Outage
Service which the Participant is entitled to
receive in any hour with respect to a generating
unit which is scheduled by the Operations
Committee to be out of service, in whole or in
part, for maintenance during a period approved
for it by the Operations Committee for Scheduled
Outage Service and is in fact out of service, in
whole or in part, for any reason during the
approved period. Such amount is equal to the
lesser of (i) the portion of the Participant's
share of the Reserve Capability of such unit
which is unavailable for service times an
estimated average availability of such unit
between its periodic scheduled outages or (ii)
in the case of any generating unit with a
currently applicable Temporary Reserve
Capability, the portion of the Participant's
share of the Temporary Reserve Capability which
is unavailable for service; provided, however,
that (a) in the case of any Limited Fuel Unit,
the amount of a Participant's Scheduled Outage
Service Entitlement shall be reduced, if
appropriate, to take account of any limit on the
availability of stream flow or fuel to operate
the unit during the outage period, and (b) in
the case of any Restricted Unit, the
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Participant's Scheduled Outage Service
Entitlement shall be limited to the unused
portion, if any, of its currently available
Restricted Unit Operational Allowance for the
unit. The Operations Committee shall develop
rules for establishing the estimated average
availability of each unit between scheduled
outages. Such rules shall become effective upon
approval by the Management Committee.
SECTION II
EFFECTIVENESS OF AGREEMENT
Following its execution by the requisite number of Participants, this
Agreement, and the amendments provided for above, shall become effective on
August 1, 1993, or on such later date as the Federal Energy Regulatory
Commission shall provide that such amendment shall become effective.
SECTION III
USAGE OF DEFINED TERMS
The usage in this Agreement of terms which are defined in the NEPOOL Agreement
shall be deemed to be in accordance with the definitions thereof in the NEPOOL
Agreement.
SECTION IV
COUNTERPARTS
This Agreement may be executed in any number of counterparts and each executed
counterpart shall have the same force and effect as an original instrument and
as if all the parties to all the counterparts had signed the same instrument.
Any signature page of this Agreement may be detached from any counterpart of
this Agreement without impairing the legal effect of any signatures thereof,
and may be attached to another counterpart of this Agreement identical in form
hereto but having attached to it one or more signature pages.
IN WITNESS WHEREOF, each of the signatories has caused a counterpart signature
page to be executed by its duly authorized representative, as of the 1st day
of May, 1993.
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CONFORMED COPY
COUNTERPART SIGNATURE PAGE
TO TWENTY-NINTH AGREEMENT AMENDING
NEW ENGLAND POWER POOL AGREEMENT
DATED AS OF MAY 1, 1993
The NEPOOL Agreement, being dated as of September 1, 1971, and being
previously amended by twenty-eight (28) amendments, the most recent prior
amendment being an amendment dated as of September 15, 1992.
Ashburnham Municipal Light Department Bangor Hydro-Electric Company
By: /s/ Robert W. Gould By: /s/ Carroll R. Lee
Manager Vice President, Operations
86 Central Street 33 State Street
Ashburnham, MA 01430 Bangor, ME 04402-0932
Braintree Electric Light Department Boston Edison Company
By: /s/ Walter R. McGrath By: /s/ B.W. Reznicek
General Manager Chairman, President & CEO
44 Allen Street 800 Boylston Street
Braintree, MA 02184 Boston, MA 02199
Boylston Municipal Light Department Central Maine Power Company
By: /s/ H. Bradford White, Jr. By: /s/ Donald F. Kelly
Manager Senior Vice President
Tivnan Rd, P.O. Box 560 Edison Drive
Boylston, MA 01505 Augusta, ME 04336
Fitchburg Gas and Electric Light Co. Commonwealth Electric Company
By: /s/ David K. Foot By: /s/ James J. Keane
Senior Vice President Vice President-Power Supply
216 Epping Road and Transmission
Exeter, NH 03833 2421 Cranberry Highway
Wareham, MA 02571
Concord Municipal Light Plant CT Municipal Elec. Energy Co-op
By: /s/ Daniel J. Sack By: /s/ Maurice R. Scully
Superintendent Executive Director
135 Keyes Road 30 Stott Avenue
Concord, MA 01742 Norwich, CT 06360-1526
Eastern Utilities Groton Electric Light Department
By: /s/ Donald G. Pardus By: /s/ Roger H. Beeltje
Chairman/CEO Manager
P.O. Box 2333 P.O. Box 679
Boston, MA 02107 Groton, MA 01450
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Hingham Municipal Lighting Plant Holden Municipal Light Department
By: /s/ Joseph R. Spadea, Jr. By: /s/ Edla Ann Bloom
General Manager Director of Electric Services
19 Elm Street 94 Reservoir Street
Hingham, MA 02043 Holden, MA 01520
Holyoke Gas & Electric Department Georgetown Municipal Light Dept.
By: /s/ George E. Leary By: /s/ Edward Stanley
Manager Manager
70 Suffolk Street Moulton and West Main Streets
Holyoke, MA 01040 Georgetown, MA 01938
Littleton Electric Light and Water Dept. Marblehead Municipal Light Dept.
By: /s/ Curtis J. Lanciani By: /s/ Richard L. Bailey
General Manager General Manager
39 Ayer Road 80 Commercial Street, Box 369
Littleton, MA 01460 Marblehead, MA 01945
Middleborough Gas & Electric Department Middleton Municipal Elec. Dept.
By: /s/ John W. Dunfey By: /s/ William E. Kelley
General Manager Interim Manager
32 South Main Street 197 North Main Street
Middleborough, MA 02346 Middleton, MA 01949
Paxton Light Department New England Electric System
By: /s/ Harold L. Smith By: /s/ Jeffrey D. Tranen
Manager Vice President
578 Pleasant Street 25 Research Drive
Paxton, MA 01612 Westborough, MA 01582
Shrewsbury's Electric Light Plant Town of S. Hadley Electric
Light Department
By: /s/ Thomas R. Josie By: /s/ Wayne D. Doerpholz
General Manager Manager
100 Maple Ave. 85 Main Street
Shrewsbury, MA 01545 South Hadley, MA 01075
The Connecticut Light and Power Company Western Massachusetts Elec. Co.
By: /s/ Bernard M. Fox By: /s/ Bernard M. Fox
President and CEO President and CEO
P.O. Box 270 P.O. Box 270
Hartford, CT 06141-0270 Hartford, CT 06141-0270
Holyoke Water Power Company Holyoke Power and Electric Co.
By: /s/ Bernard M. Fox By: /s/ Bernard M. Fox
President and CEO President and CEO
P.O. Box 270 P.O. Box 270
Hartford, CT 06141-0270 Hartford, CT 06141-0270
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Public Service Company of New Hampshire Pascoag Fire Dist.-Electric Dept.
By: /s/ W.T. Frain, Jr. By: /s/ Thomas J. Beauregard
Senior Vice President Chairman
1000 Elm Street P.O. Box 107
Manchester NH 03105 Pascoag, RI 02859
Princeton Municipal Light Department Rowley Municipal Lighting Plant
By: /s/ Sharon A. Staz By: /s/ G. Robert Merry
General Manager Manager
P.O. Box 247 47 Summer Street
Princeton, MA 01541-0247 Rowley, MA 01969
Taunton Municipal Lighting Plant The United Illuminating Company
By: /s/ Joseph M. Blain By: /s/ Richard J. Grossi
General Manager Chairman and CEO
P.O. Box 870 157 Church Street
Taunton, MA 02780 New Haven, CT 06506-0901
Vermont Electric Power Company, Inc. Central Vermont Public Svc. Corp.
By: /s/ Richard W. Mallary By: /s/ Robert de R. Stein
President Vice President
P.O. Box 548 77 Grove Street
Rutland, Vermont 05702-0548 Rutland, VT 05701
Templeton Municipal Light Plant UNITIL Power Corporation
By: /s/ Gerald Skelton By: /s/ David K. Foote
Manager/Engineer Senior Vice President
2 School Street 216 Epping Road
Baldwinville, MA 01436 Exeter, NH 03833
Franklin Electric Light Co. Green Mountain Power Corporation
By: /s/ Hugh H. Gates By: /s/ John V. Cleary
President President & CEO
P.O. Box 96 P.O. Box 850
Franklin, VT 05457-0096 S. Burlington, Vermont 05402
Village of Jacksonville Vermont Marble Power Div. of
OMYA, Inc.
By: /s/ Earle S. Holland By: /s/ John M. Mitchell
President Board of Trustees Executive Vice President
P.O. Box 73 61 Main Street
Jacksonville, Vermont 05342 Proctor, Vermont 05765
Village of Ludlow Village of Morrisville
Electric Light Department Water and Light Department
By: /s/ Donald Ellison By: /s/ James C. Fox
Commissioner, Chairman Superintendent
P.O. Box 289 P. O. Box 325
Ludlow, Vermont 05149 Morrisville, VT 05661
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Village of Northfield Readsboro Electric
Electric Department
By: /s/ Kevin O'Donnell By: /s/ Annette Caruso
Municipal Manager Clerk
26 South Main Street P.O. Box 247
Northfield, Vermont 05663 Readsboro, VT 05350
Westfield Gas and Electric Wakefield Municipal Light Dept.
Light Department
By: /s/ Daniel Golubek By: /s/ William J. Wallace
General Manager General Manager
100 Elm Street 9 Albion Street
Westfield, MA 01085 Wakefield, MA 01880