EXHIBIT 10.115

                                               Contract No. DE-MS79-94BP93947

                        GENERAL TRANSMISSION AGREEMENT
                             entered into by the
                          UNITED STATES OF ANLERICA
                             DEPARTMENT OF ENERGY
                          acting by and through the
                       BONNEVILLE POWER ADMINISTRATION
                                     and
                       PUGET SOUND POWER & LIGHT COMPANY


                             Index to Sections
_____________________________________________________________________________

Section                                                                  Page

   1.    Term of Agreement...............................................  3
   2.    Termination of Prior Agreements.................................  4
   3.    Definitions and Explanation of Terms............................  4
   4.    Exhibits:  Interpretations......................................  8
   5.    Transmission of Electric Power..................................  9
   6.    Payment by the Company.......................................... 14
   7.    Power Scheduling................................................ 15
   8.    Reactive Power.................................................. 16
   9.    Revision of Exhibits............................................ 16
  10.    Addition or Deletion of Points of Integration and Points of
         Delivery and Changes in Transmission Demands.................... 18
  11.    Special Provisions.............................................. 22
  12.    Miscellaneous................................................... 23

         Exhibit A    (Transmission Rate Schedules and General
                        Transmission Rate Schedule Provisions)...........  8
         Exhibit B    (General Wheeling Provisions [GWP Form 4R])........  8
         Exhibit C    (Transmission Parameters)..........................  8
         Exhibit D    (Calculation of Losses)............................  8



This GENERAL TRANSMISSION AGREEMENT (Agreement) is entered into as of
December 1, 1994, by the UNITED STATES OF AMERICA (Government), Department of
Energy, acting by and through the BONNEVILLE POWER ADMINISTRATION
(Bonneville), and PUGET SOUND POWER & LIGHT COMPANY (Company), a corporation
of the State of Washington. Each of Bonneville and the Company is sometimes
referred to in this Agreement as "Party"; both of Bonneville and the Company
are sometimes referred to in this Agreement as "Parties".


                                  WITNESSETH:

       WHEREAS Bonneville and the Company on August 27, 1982, entered into
Contract No. DE-MS79-81BP90426, as amended and replaced to the date hereof,
and

       WHEREAS Bonneville and the Company have entered into Letter Agreement
No. DE-MS79-91BP93160 (Letter Agreement) which contemplates a new General
Transmission Agreement (IR Agreement) for integration of resources and for
certain other contractual arrangements, and Bonneville and the Company intend
this Agreement to be the IR Agreement contemplated by the Letter Agreement;
and

       WHEREAS the Parties have entered into the following agreements for
transmission of Electric Power (collectively referred to herein as Prior
Agreements): Contract No. DE-MS79-88BP92292, providing transmission service
for the Company's share of the electric output of the Centralia Project;
Contract No. DE-MS79-81BP90169, providing transmission service for the
Company's share of the electric output of the Colstrip Thermal Generating
Plant; and Contract No. DE-MS79-92BP93741, providing transmission service for
a portion of the electric output of Montana Power Company's Colstrip # 4; and

       WHEREAS Bonneville and the Company desire to terminate the Prior
Agreements and replace the Prior Agreements with this Agreement; and

       WHEREAS Bonneville recognizes that the Company's Tono Transmission
Facilities have a design capacity of 400 MW, but due to parallel path and
other considerations, the Parties desire to transmit Electric Power pursuant
to the terms of this Agreement; and

       WHEREAS the Company and The Washington Water Company (WWP) have
entered into an agreement pursuant to which WWP exchanges 197 MW of Electric
Power from the Centralia Project, located in Centralia, Washington, with the
Company for an equal amount of Electric Power from the Colstrip Thermal
Generating Plant, located in Colstrip, Montana, and the Company intends to
enter into an amendment or replacement of such exchange agreement with WWP;
and
       WHEREAS Bonneville and the Company, concurrently with the
effectiveness of this Agreement, have entered into a Pacific Northwest (PNW)
AC Intertie Capacity Ownership Agreement, Contract No. DE-MS79-94BP94521
, (Capacity Ownership Agreement) which,

                                            2

among other things, provides for ownership by the Company of a portion of the
capability of Bonneville's PNWAC Intertie (as defined in the Capacity
Ownership Agreement); and

    WHEREAS the Parties desire to provide in this Agreement for, among other
things, the transmission over the Federal Columbia River Transmission System,
to and from the Company's transmission system, of Electric Power scheduled
for transmission over the PNW AC Intertie pursuant to the Capacity Ownership
Agreement; and

    WHEREAS Bonneville is authorized pursuant to law to dispose of Electric
Power generated at various Federal hydroelectric projects in the PNW or
acquired from other resources; to construct and operate transmission
facilities; to provide transmission and other services; and to enter into
agreements to carry out such authority;

     NOW, THEREFORE, the Parties agree as follows:

1.   TERM OF AGREEMENT

     (a)  This Agreement shall be effective at 2400 hours on the latest
          of (1) the date of execution and delivery of this Agreement; (2)
          the earliest date on which the Company may exercise its Capacity
          Ownership Rights (as defined in the Capacity Ownership Agreement)
          pursuant to the Capacity Ownership Agreement; and (3) the date by
          which this Agreement has, with respect to the Company, been
          approved, accepted for filing or otherwise permitted to become
          effective by FERC; provided, that if FERC approves or accepts for
          filing this Agreement, or otherwise permits this Agreement to
          become effective with any change or new condition, this Agreement
          shall not be or become effective unless both of the Parties have
          agreed in writing, and until the date by which both of the Parties
          have so agreed, to such change or new condition (such latest date,
          the Effective Date). This Agreement shall continue in effect until
          2400 hours on July 31, 2014; provided, however, that all
          liabilities accrued under this Agreement shall be preserved until
          satisfied.
     
     (b)  One (1) year prior to the expiration of this Agreement, Bonneville
          shall offer to provide to the Company transmission services as
          provided hereunder, on terms and conditions consistent with the
          terms and conditions for such
     
     
                                       3

          transmission services being offered at that time by Bonneville to
          other  Bonneville customers similarly situated.
     
     (c)  If the Total Transmission Demand is reduced to zero pursuant to the
          terms  and provisions of section 10(c), the Company may, subject to
          satisfaction of  all obligations accrued hereunder and completion
          of all notice periods  specified in section 10(c), terminate this
          Agreement by written notice of such  termination to Bonneville.
     
     (d)  The Company may terminate this Agreement or any Transmission Demand
          under this Agreement upon 1-year's prior written notice of such
          termination  to Bonneville if Bonneville discontinues application
          of cost-based rates for  service provided under this Agreement.
     
2.   TERMINATION OF PRIOR AGREEMENTS

     (a)  The Prior Agreements are hereby terminated as of 2400 hours on the
          Effective Date but all liabilities accrued thereunder to the
          Effective Date are  hereby preserved until satisfied.

     (b)  Contract No. DE-MS79-91BP93053 (Intertie and Network Transmission
          Agreement) shall terminate as of 2400 hours on the Effective Date
          but all  liabilities accrued thereunder to the Effective Date are
          hereby preserved until satisfied; provided, that the penultimate
          sentence of section 5(b) of such  contract shall not be applicable
          for seasons during which such contract  terminates pursuant to this
          Agreement.

3.   DEFINITIONS AIND EXPLANATION OF TERMS

     (a)  "Connecting Transmission" means, with respect to a Resource
          integrated at a  Point of Integration, transmission service or
          facilities needed or used for  transmission of such Resource to
          such Point of Integration for transmission  under this Agreement.
          
                                       4

     (b)  "DC Intertie" means Bonneville's rights in the 1000 kV direct
          current (DC) transmission line, and associated substation
          facilities, extending from the Government's Big Eddy Substation to
          the Nevada-Oregon Border.

     (c)  "Eastern Intertie" means the transmission facilities
          consisting of the Townsend-Garrison double-circuit 500 kV
          transmission line segment, including related terminals at the
          Garrison Substation.

     (d)  "Electric Power" or "Power" means electric peaking capacity,
          expressed in  kilowatts, or electric energy, expressed in
          kilowatthours, or both.

     (e)  "FCRTS" or "Federal Columbia River Transmission System" means the
          transmission facilities of the Federal Columbia River Power System,
          which  include all transmission facilities owned by the Government
          and operated by  Bonneville, and other facilities over which
          Bonneville has obtained transmission rights.

     (f)  "FERC" means the Federal Energy Regulatory Commission or its
          regulatory  successors.

     (g)  "Montana Intertie Agreement" means Contract No. DE-MS79-8IBP90210
          between Bonneville and the Company, as amended.

     (h)  "Operational Constraints" means limitations on the ability of the
          FCRTS to  operate due to any system emergency, loading condition,
          or maintenance  outage with respect to Bonneville facilities, or
          the facilities of an  interconnected utility, that make it prudent
          to reduce system loadings  consistent with Prudent Utility
          Practice, whether or not all facilities are in  service.

     (i)  "PNW AC Intertie has the meaning set forth in the Capacity
          Ownership  Agreement.

                                      5

     (j)  "Point of Delivery" means:

          (1)  any of the points set forth in Exhibit C, Part B, where
               Electric Power shall be made available to the Company pursuant
               to this Agreement; and

          (2)  any other point mutually agreed upon by the Parties where
               Electric Power shall be made available to the Company pursuant
               to this Agreement.

     (k)  "Point of Integration" means:

          (1)  any of the points set forth in Exhibit C, Part A, where
               Electric Power from Resources shall be integrated into the
               FCRTS pursuant to this Agreement; and

          (2)  any other point mutually agreed upon by the Parties where
               Electric Power from Resources may be made available to
               Bonneville for nonfirm transmission to any of the Points of
               Delivery pursuant to this Agreement.

     (l)  "Prudent Utility Practice" means, at any particular time, the
          generally accepted practices, methods, and acts in the electrical
          utility industry in the Western Systems Coordinating Council area
          immediately prior to such time that would achieve the desired
          result or, if there are no such practices, methods, and acts, then
          the practices, methods and acts which, in the exercise of
          reasonable judgment in the light of facts known at the time the
          decision was made, could have been expected to accomplish the
          desired result consistent with reliability and safety.

     (m)  "Resource" means:

          (1)  any Electric Power from a source set forth in Exhibit C, Part
               A; and

          (2)  any Electric Power transmitted over the PNW AC Intertie
               pursuant to the Capacity Ownership Agreement and made
               available to Bonneville

                                         6

               at the John Day Substation Point of Integration.  Upon request
               by Bonneville, the Company shall identify the source of such
               Electric Power; provided, however, that if such Electric Power
               can only be identified as a system sale, then the Company
               shall be obligated pursuant to this section 3(m)(2) to
               identify only the utility generating such Electric Power; and

          (3)  any Electric Power (i) which the Company has a right to
               receive, and (ii) for which nonfirm transmission service is
               requested by the Company on the FCRTS, and (iii) the Electric
               Power from which is made available to Bonneville at one or
               more of the Points of Integration; and
               
          (4)  any other Electric Power for which nonfirm transmission
               service is requested by the Company for the purpose of
               providing station service to any of the Company's sources of
               Electric Power interconnected with the FCRTS, and which
               Electric Power is made available to Bonneville at any of the
               Points of Integration.
               
     (n)  "Total Power Wheeled" means with respect to any hour the sum of the
          Electric Power made available to Bonneville during such hour for
          transmission on the FCRTS pursuant to this Agreement, including but
          not limited to section 7, at all Points of Integration.

     (o)  "Total Transmission Demand" means the sum of the Company's
          Transmission Demands.

     (p)  "Transmission Demand" with respect to any Point of Integration,
          means the maximum firm transmission capacity (expressed in
          kilowatts) as set forth in Exhibit C, Part A, which Bonneville
          shall be obligated pursuant to this Agreement to have available at
          such Point of Integration during any hour for the purpose of
          integrating into the FCRTS any Resource. The level of each
          Transmission Demand, with respect to each Point of Integration set
          forth in Exhibit C, Part A, (except for the John Day Substation
          Point of Integration). shall be based on the hourly peak capability
          of the source(s) of Electric Power


                                          7

          listed in Exhibit C, Part A, to be integrated into the FCRTS at
          such Point of Integration.
          
     (q)  "Use-of-Facilities Charge" means the charges, if any, specified in
          Exhibit C, applicable to Points of Integration and Points of
          Delivery for the purpose of recovering the cost of identifiable
          facilities provided by Bonneville for the Company's use. Such
          charges and their application shall be consistent with the Use-of-
          Facilities Transmission Rate Schedule, contained in Exhibit A, and
          shall, subject to section 9(c), also be consistent with
          Bonneville's Customer Service Policy.
     
     (r)  "Use Limit" means with respect to any Point of Delivery the amounts
          (in kilowatts) set forth in Exhibit C, Part B, corresponding to
          such Point of Delivery.
     
     (s)  "Northern Intertie" means that segment of the FCRTS assigned by
          Bonneville for Bonneville transfer capability at the United States-
          Canada border.
     
     (t)  "Workday" means any day which both of the Parties observe as a
          regular workday.
          
4.   EXHIBITS; INTERPRETATIONS

     Exhibits A, B, C, and D (Exhibits) attached hereto are by this reference
     incorporated into and made a part of this Agreement. The Parties agree
     that "contract body" as used in section 1 of Exhibit B shall mean
     sections 1 through 12 of this Agreement. The provisions of section 38 of
     the General Wheeling Provisions (GWP Form-4R), require that Bonneville
     provide a notice consistent with a minimum notice period prior to a Rate
     Adjustment Date (as defined in Exhibit B). If the rates set forth in or
     applicable to this Agreement are disapproved or if conditions are placed
     on such rates by FERC, Bonneville shall not be required to give such
     notice prior to resubmitting the rates to FERC or implementing FERC
     approved rates. The headings used in this Agreement are for convenient
     reference only, and shall not affect the interpretation of this
     Agreement. The Company shall be deemed to be the "Transferee" and
     Bonneville shall be deemed to be the "Transferor" referred to in the
     General Wheeling Provisions, Exhibit B.
     
                                     8

5.   TRANSMISSION OF ELECTRIC POWER

     (a)  Bonneville shall, during each hour of the term of this Agreement,
          make an  amount of Electric Power equal to the Total Power Wheeled
          available to the  Company at one or more of the Points of Delivery,
          subject to sections 5(a)(1)  through 5(a)(5) below.  In the event
          that service hereunder must be curtailed  due to Operational
          Constraints, Bonneville obligation to mitigate the effects  of such
          curtailment are set forth in section 5(e) below and in section 12
          of  Exhibit B, (except to the extent that such section 12 conflicts
          with sections 1  through 12 of this Agreement), and in footnote 3
          of Exhibit C, Part A, and  Bonneville shall have no other
          obligation to mitigate the effects of such  curtailment pursuant to
          this Agreement.

          (1)  Bonneville may, but shall not be obligated to, integrate into
               the FCRTS during any hour amounts of Electric Power to the
               extent that  such amounts exceed the Total Transmission
               Demand.

          (2)  Firm transmission capability of the FCRTS between the
               Company's  system and John Day Substation shall,
               notwithstanding any Operational Constraints or any other
               constraint on the ability of the  FCRTS to operate, be deemed
               to exist during any hour (i) for north-to-south transmission,
               in an amount equal to the Company's Total Transmission Demand,
               and (ii) for south-to-north transmission, in an  amount equal
               to the Company's Transmission Demand for the John  Day
               Substation Point of Integration.  The net of the Company's
               schedules in a north-to-south direction and in a south-to-nor-
               north  direction during any hour shall be used to determine
               use of such  transmission.  The Company shall be billed for
               transmission of  Electric Power for such hour pursuant to the
               provisions of section 6.
               
          (3)  Bonneville may, but shall not be obligated to, integrate at a
               Point of  Integration during any hour, amounts of Electric
               Power to the extent  that such amounts exceed the Transmission
               Demand at such Point of  Integration.

                                         9

          (4)  Bonneville may, but shall not be obligated to, integrate
               Electric Power other than Resources set forth in Exhibit C,
               Part A, provided that the Points of Integration for such
               Electric Power have been mutually agreed upon by the Parties
               pursuant to this Agreement.

          (5)  Notwithstanding anything to the contrary set forth in this
               Agreement, Bonneville shall not withhold its agreement (A) to
               any point proposed by the Company as a Point of Integration
               pursuant to section 3(k)(2) or to any amount of Electric Power
               proposed by the Company to be integrated at such point or (B)
               to integrate at any Point of Integration set forth in Exhibit
               C, Part A, amounts of Electric Power in excess of the
               Transmission Demand with respect to such Point of Integration,
               except to the extent that (i) capacity of the facilities
               located at such point or at such Point of Integration, as the
               case may be, is not available due to Operational Constraints,
               or (ii) Bonneville requires the use of such capacity, or any
               portion thereof, for purposes of transmitting Bonneville
               nonfirm power; provided however, that capacity at such point
               or at such Point of Integration, as the case may be, not
               required by Bonneville for transmission of Bonneville's
               nonfirm power shall be made available to the Company in an
               amount equal to the product of (x) the ratio of (i) the amount
               of Electric Power requested by the Company to be transmitted
               on a nonfirm basis at such point or such Point of Integration,
               as the case may be, to (ii) the total amount of Electric Power
               requested by entities other than Bonneville to be transmitted
               on a nonfirm basis at such point or such Point of Integration,
               as the case may be, and (y) the amount of capacity at such
               point or such Point of Integration, as the case may be, not
               required by Bonneville for transmission of Bonneville's
               nonfirm power.  Nothing in this section 5(a)(5) is intended by
               the Parties to constrain Bonneville from engaging in design of
               a successor to the Energy Transmission Rate.
               
     (b)  The Parties' respective rights and obligations with respect to
          Bonneville's PNW AC Intertie are set forth in the Capacity
          Ownership Agreement.  Nothing in this Agreement, including, without
          limitation, delivery by Bonneville of Power at the John Day
          Substation Point of Delivery, or

                                      10
          
          integration of Power into the FCRTS at the John Day Substation
          Point of Integration is intended by the Parties to limit, alter,
          add to or otherwise affect the respective rights and obligations of
          the Parties pursuant to the Capacity Ownership Agreement.  Nothing
          in this Agreement, including, without limitation, delivery by
          Bonneville of Power at the Big Eddy Point of Delivery, is intended
          by the Parties to provide rights to use the DC Intertie.  Nothing
          in this Agreement is intended by the Parties to limit, alter, add
          to or otherwise affect the respective rights and obligations of the
          Parties pursuant to the Montana Intertie Agreement.

     (c)  If the Company determines that it has an amount of Electric Power
          available during any hour for nonfirm transmission on the FCRTS,
          the scheduling and transmission of which would cause the Total
          Power Wheeled to exceed in such hour the Total Transmission Demand,
          the Company may request from Bonneville nonfirm transmission
          service for transmission on the FCRTS for such amount of Electric
          Power during such hour.  Bonneville may provide such transmission
          service.  The Company shall be billed for such transmission service
          pursuant to the provisions of section 6(d).

          (1)  The option pursuant to this section 5(c) to make available
               Electric Power for nonfirm transmission on the FCRTS by
               Bonneville shall not be used by the Company to avoid having a
               Total Transmission Demand which reasonably reflects the
               annual peak transmission needs of all of the sources of
               Electric Power set forth in Exhibit C, Part A, and the
               combined total annual peak demand for wheeling with respect to
               all of such sources of Electric Power which the Company
               regularly places on Bonneville.  Bonneville shall have the
               right to refuse to provide the Company transmission service on
               a nonfirm basis to the extent Bonneville determines consistent
               with this section 5(c)(1), that the Transmission Demand at a
               Point of Integration should be increased.
               
          (2)  To the extent Bonneville wheels, pursuant to this Agreement,
               any Electric Power of the Company's on the FCRTS in connection
               with a transaction which is exempt from wheeling charges or
               loss assessment
               
                                      11
               
               at the time of actual transmission of such Electric Power,
               (such as any qualifying transaction under the Coordination
               Agreement (Contract No 14-03-48221)), and which is
               subsequently converted to a sale other than under the terms of
               the Coordination Agreement, to an entity other than
               Bonneville, Bonneville shall have the right to retroactively
               (to the date of such conversion) bill the Company for such
               wheeling as nonfirm transmission service pursuant to
               Bonneville's Energy Transmission (ET-93) Rate Schedule in
               effect at the time such Electric Power was wheeled, or its
               successor rate schedule, and the provisions of section 6(d),
               and to assess losses consistent with this Agreement with
               respect to any Electric Power so wheeled in connection with
               such transaction unless billing or losses for such subsequent
               conversion is otherwise provided for under another agreement
               to which Bonneville is a Party.  Such qualifying transactions
               shall not be subject to sections 5(c)(1) above and 5(c)(3)
               below.
               
          (3)  Except for any Electric Power made available by the Company
               for nonfirm transmission pursuant to this section 5(c),
               amounts of Electric Power wheeled hereunder from a Point of
               Integration which exceed the Transmission Demand at such Point
               of Integration shall be subject to billing as a Ratchet Demand
               in accordance with section 6(b).  To the extent the Energy
               Transmission Rate Schedule (ET-93), or its successor rate
               schedule, is applied, a Ratchet Demand shall not be applied.
               
     (d)  To compensate Bonneville for losses incurred in providing
          transmission services pursuant to this Agreement, the Company shall
          make available to Bonneville at one or more Points of Delivery
          (unless otherwise mutually agreed between the Parties), on the
          corresponding hour 168 hours later or on another hour mutually
          agreed upon by the Parties, an amount of Electric Power equal to
          the product of (1) the amount of Electric Power (expressed in
          megawatthours) for which transmission service is provided to the
          Company during a given hour pursuant to sections 5(a) and 5(c), and
          (2) the appropriate loss factor set forth in Exhibit D.
          
                                      12

     (e)  Bonneville shall, if requested by the Company to do so and if it
          is within Bonneville's capability to do so without adversely
          affecting performance of its other obligations, make replacement
          Electric Power available to the Company hereunder, without
          additional cost to the Company except as provided in this section
          5(e), if Electric Power cannot be made available by the Company to
          Bonneville pursuant to this Agreement solely because of (i)
          limitations on the ability of the FCRTS to operate due to any
          system emergency, loading condition, or maintenance outage with
          respect to Bonneville facilities that makes it prudent to reduce
          system loadings consistent with Prudent Utility Practice, whether
          or not all facilities are in service; or (ii) suspension or
          interruption of, or interference with, the operation of the FCRTS;
          or (iii) both.  The Company shall, at Bonneville's option:

          (1)  reimburse Bonneville for any cost or loss of revenue incurred
               by Bonneville in making such replacement Electric Power
               available;

          (2)  replace all or a portion of such replacement Electric Power
               with the Company's Electric Power at a time and place agreed
               upon by the Parties prior to delivery; or

          (3)  reimburse and replace pursuant to sections 5(e)(1) and 5(e)(2)
               above in amounts determined by Bonneville which in total are
               equivalent in value to (A) the cost or loss of revenue
               incurred by Bonneville in making replacement Electric Power
               available to the Company pursuant to this section 5(e) or (B)
               the Electric Power made available by Bonneville pursuant to
               this section 5(e).

          The method to replace or reimburse shall be specified by Bonneville
          at the time of the Company's request for replacement Electric
          Power.  The Company shall have the right to withdraw such request
          for replacement Electric Power, prior to delivery thereof and prior
          to Bonneville's incurring any cost therefor, after Bonneville
          specifies the method to replace and/or the amount to reimburse
          pursuant to this section 5(e).

                                      13

     (f)  The Company shall not use its rights under this Agreement to
          provide wheeling to another entity if such wheeling is inconsistent
          with the Company's rights in the PNW AC Intertie Capacity Ownership
          Agreement, Contract No. DE-MS79-94BP94521.

     (g)  Bonneville shall give the Company notice of any likely or actual
          occurrence or existence of (i) any Operational Constraint and (ii)
          any suspension or interruption of, or interference with, the
          operation of the FCRTS, to the extent that the same affects the
          provision of service by Bonneville with respect to any Point of
          Integration or Point of Delivery pursuant to this Agreement. Such
          notice shall be given as promptly as practicable by Bonneville.

6.   PAYMENT BY THE COMPANY

     As full compensation for services provided under sections 5(a) and 5(c),
     the Company shall pay Bonneville each month during the term hereof,
     amounts determined in accordance with Exhibit A and Exhibit C, and as
     follows:

     (a)  For integration of Electric Power pursuant to section 5(a), the
          Company shall, subject to sections 5(b), 5(c), and 5(d), pay
          Bonneville in accordance with the Integration of Resources
          Transmission Rate Schedule (IR-93), or its successor rate schedule,
          and, to the extent expressly provided in other provisions of this
          Agreement, in accordance with the Use-of-Facilities Rate Schedule
          (UFT-83), or its successor rate schedule; provided, that for the
          purposes of this Agreement, the term "scheduled" as used in Section
          III.B. of the Integration of Resources Transmission Rate Schedule
          (IR-93), or its successor rate schedule, shall mean or refer to any
          submission (or arrangement for submission) by the Company of any
          schedule or retroactive report pursuant to section 7 of this
          Agreement.

     (b)  The billing demand shall be determined in accordance with the
          Integration of Resources (IR-93) Transmission Rate Schedule, or its
          successor rate schedule. Any Ratchet Demand that may occur is for
          billing purposes only and does not constitute an increase in any
          Transmission Demand pursuant to section 10.  Any continued service
          with respect to any Point of Integration pursuant to this Agreement
          at a level, to the extent that such level exceeds the

                                      14

          Transmission Demand with respect to such Point of Integration, will
          depend on the availability of facilities for such purpose as
          reasonably determined by Bonneville.
          
     (c)  The billing energy for each month pursuant to the Integration of
          Resources Transmission Rate Schedule (IR-93), or its successor rate
          schedule, and the Energy Transmission Rate Schedule (ET-93), or its
          successor rate schedule, shall be the sum of the greater of the
          hourly amounts of (A) kilowatthours scheduled from the Points of
          Integration to the Company's transmission system over Bonneville's
          transmission system hereunder, or (B) kilowatthours scheduled over
          Bonneville's transmission system hereunder from the Company's
          transmission system to the John Day Point of Delivery and the Big
          Eddy Point of Delivery.

     (d)  The Company shall be billed for transmission of Electric Power up
          to an amount equal to the Total Transmission Demand pursuant to the
          Integration of Resources Transmission Rate Schedule (IR-93), or its
          successor rate schedule.  To the extent the Total Transmission
          Demand is exceeded, the Company shall be billed for nonfirm
          transmission of Electric Power pursuant to the Energy Transmission
          Rate Schedule (ET-93), or its successor rate schedule.  For
          transmission pursuant to section 5(c)(2), the Company shall be
          billed in accordance with the Energy Transmission (ET-93) Rate
          Schedule, or its successor rate schedule.
          
7.   POWER SCHEDULING
     
     The Company shall submit or arrange to have submitted to Bonneville by
     1000 hours (Pacific Time) (or any other hour agreed upon by the Parties)
     of each Workday:
     
     (a)  for the Resource referred to in section 3(m)(1), a retroactive
          report of the Electric Power made available to Bonneville for
          integration into the FCRTS during each hour of the immediately
          preceding Workday and of the days other than a Workday (if any)
          succeeding such immediately preceding Workday;

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     (b)  for the Resources referred to in sections 3(m)(2), 3(m)(3) and
          3(m)(4), a separate schedule of the Electric Power to be made
          available to Bonneville for integration into the FCRTS during each
          hour of the next succeeding Workday and of the days other than a
          Workday (if any) immediately preceding such next succeeding
          Workday; and

     (c)  a separate schedule of the Electric Power to be made available to
          Bonneville for losses pursuant to section 5(d) during each hour of
          the next succeeding Workday and of the days other than a Workday
          (if any) immediately preceding such next succeeding Workday.

8.   REACTIVE POWER

     It is the intent of the Parties hereto that the voltage level at the
     Points of Integration and the Points of Delivery be controlled in
     accordance with Prudent Utility Practice. The Parties hereto shall
     jointly plan and operate their systems so as not to place an undue
     burden on the other Party to supply or absorb reactive power
     accompanying or resulting from deliveries of Electric Power hereunder.

9.   REVISION OF EXHIBITS

     (a)  The rate schedules included in Exhibit A shall be replaced by
          successor rate schedules adopted in accordance with the provisions
          of section 7(i) of the Pacific Northwest Power Act and FERC rules.

     (b)  Bonneville may review Exhibit D and, no more frequently than once
          in a 12-month period commencing on the anniversary of the Effective
          Date, may revise such Exhibit to reflect any change in condition
          that would substantially affect the loss factor set forth in
          Exhibit D; provided, however, that any change to the loss factor
          pursuant to this Agreement

          (1)  shall be prospective only;

          (2)  shall be made in an equitable manner so as to be consistent
               with such change in condition;

                                      16

          (3)  shall incorporate values which represent then current FCRTS
               operating conditions or incorporate any value, used in Exhibit
               D to calculate the losses, which has changed due to a change
               in methodology; and

          (4)  shall in no event result in a loss factor that is greater than
               the loss factor which Bonneville is then applying with respect
               to any of its other customers for firm transmission under an
               Integration of Resources Transmission Agreement.

     Any changes to Bonneville's loss methodology or formula, other than
     numerical values, shall be made only after consultation with the
     Company. During such consultation, Bonneville shall provide to the
     Company material used by Bonneville as a basis for such changes to such
     loss methodology or formula.  Exhibit D as revised pursuant to this
     section 9(b) shall become effective as of the date specified therein;
     provided, however, that in no event shall such revised Exhibit D be
     effective sooner than the date on which the Company is notified by
     Bonneville in writing of such revision to Exhibit D.

     (c)  No Use-of-Facilities Charges or any rates or charges other than
          charges pursuant to the Integration of Resources Transmission Rate
          Schedule (IR-93), or its successor rate schedule, or the Energy
          Transmission Rate Schedule (ET-93), or its successor rate schedule,
          shall be assessed pursuant to this Agreement for delivery from the
          C.W. Paul Substation, Garrison Substation, or John Day Substation
          Point of Integration to the Points of Delivery specified in Exhibit
          C, Part D, on the Effective Date, at levels of service specified in
          Exhibit C on the Effective Date, except if and to the extent that
          the Parties mutually agree that conditions have changed and that
          such charge is appropriate as a result of such change.

     (d)  In the event Bonneville proposes any wheeling rate for transmission
          service on Bonneville's main grid that includes costs of the PNW AC
          Intertie, the Eastern Intertie, the DC Intertie, or the Northern
          Intertie, such proposed rate shall include a credit or other
          mechanism that ensures that the Company is not charged any of the
          PNW AC Intertie, the Eastern Intertie, the DC Intertie, or the
          Northern Intertie costs for deliveries of power that
          
                                      17

          utilize up to the capacity share of each such intertie, if any, to
          which the Company is entitled pursuant to other agreements with
          Bonneville.

10.  ADDITION OR DELETION OF POINTS OF INTEGRATION AND POINTS OF DELIVERY AND
     CHANGES IN TRANSMISSION DEMANDS

     (a)  Except as otherwise provided in section 10(b), Points of
          Integration and Points of Delivery shall be added and Transmission
          Demands shall be increased, subject to mutual agreement of the
          Parties, which agreement shall not be unreasonably withheld or
          delayed, and to Bonneville's determination of available
          transmission capacity, upon 3-months' prior written notice by the
          Company to Bonneville of such addition or increase; provided, that
          Points of Integration and Points of Delivery may not be added, and
          Transmission Demands may not be increased, more frequently than
          once during any 12-month period commencing on the anniversary of
          the Effective Date.

     (b)  Transmission Demand associated with the John Day Substation Point
          of Integration may be increased upon prior written notice from the
          Company to Bonneville, to the extent that Bonneville has capacity
          in excess of its needs and obligations at such time, in an amount
          equal to an increase in the megawatt amount of the Company's
          Capacity Ownership Rights under the PNW AC Intertie Capacity
          Ownership Agreement in a south-to-north direction.

     (c)  Points of Integration and Points of Delivery may be deleted and
          Transmission Demands may be reduced only upon the written request
          of the Company and, upon such request, only in accordance with the
          provisions of sections 10(c)(1) through 10(c)(5).

          (1)  Except as otherwise provided in this section 10(c),
               Transmission Demands with respect to any individual Point of
               Integration may be reduced once (but no more frequently than
               once) in any 12-month period commencing on the anniversary of
               the Effective Date for any Point of Integration, it being
               understood that any such reduction shall be subject to section
               10(c)(4) and shall be permitted pursuant to this Agreement
               only:

                                      18

               (A)  to the extent that the Company's right to receive any
                    Resource set forth in Exhibit C, Part A, as being
                    integrated at such Point of Integration (or right to
                    Connecting Transmission for such Resource) is reduced or
                    is eliminated or expires; or

               (B)  to the extent that the Company sells or assigns all or a
                    portion of its share of a Resource integrated at such
                    Point of Integration (or sells or assigns all or a
                    portion of the Company's right to Connecting Transmission
                    for such Resource); or

               (C)  to the extent of a permanent partial or total reduction
                    in the Company's entitlement to a share of a Resource
                    integrated at such Point of Integration (or partial or
                    total reduction of the Company's right to Connecting
                    Transmission for such Resource); or

               (D)  to the extent of any loss, destruction, abandonment, or
                    sale of any of the facilities generating or transmitting
                    a Resource integrated at such Point of Integration (or
                    loss, destruction, abandonment, or sale of the Connecting
                    Transmission for such Resource); or

               (E)  to the extent of the discontinuation of operation of any
                    of the facilities generating or transmitting a Resource
                    integrated at such Point of Integration (or
                    discontinuation of the Connecting Transmission for such
                    Resource) pursuant to a final order of a public official
                    having authority to issue such order; or

               (F)  with respect to the Garrison Substation Point of
                    Integration, to the extent of the expiration of the
                    Montana Intertie Agreement, including extensions thereof.

          (2)  A Point of Integration may be deleted, upon 3-months' prior
               written notice by the Company of such deletion to Bonneville,
               but only after the Transmission Demand with respect to such
               Point of Integration has been reduced to zero pursuant to
               sections 10(c)(1) and 10(c)(5).

                                      19

          (3)  A Point of Delivery may be deleted, subject to mutual
               agreement of the Parties and to section 10(c)(4), upon 3-
               months' prior written notice by the Company of such deletion
               to Bonneville.

          (4)  If, and to the extent that, any Use-of-Facilities charges are
               added to this Agreement pursuant to section 9(c), the terms
               and conditions related to such Use-of-Facilities charges shall
               be subject to the mutual written agreement of the Parties
               prior to the addition of such charges.

          (5)  The Company shall provide Bonneville no less than 3-
               years' written notice of any decrease in a Transmission
               Demand, except as follows:

               (A)  The Company shall provide no less than 3-months' written
                    notice of a decrease in Transmission Demand if there is
                    an equal increase in Transmission Demand by another
                    customer of Bonneville at the same Point of Integration
                    resulting from the sale or assignment of a Resource, or
                    of the facilities generating or transmitting a Resource,
                    and involving no loss of revenue to Bonneville; or

               (B)  The Company shall provide written notice as soon as
                    practicable, which would be effective on the later of the
                    date such notice is received by Bonneville or the date
                    stated in such notice, if such decrease in Transmission
                    Demand is due to any loss, destruction, or abandonment of
                    any of the facilities generating or transmitting a
                    Resource, or discontinuation of operation of a Resource
                    under a final order of a public official having authority
                    to issue such order, or if the Company's right to receive
                    Electric Power is reduced or eliminated according to the
                    terms of an agreement between the Company and another
                    entity for such Electric Power.

          (6)  Notwithstanding anything in this Agreement to the contrary, if
               the megawatt amount of the capability of the PNW AC Intertie
               to which the Company is entitled pursuant to the Capacity
               Ownership Agreement is at any time reduced, Transmission
               Demand with respect

                                      20

               to the John Day Substation Point of Integration shall be
               concurrently reduced by a megawatt amount equal to such
               reduction with respect to the PNW AC Intertie upon prior
               written notice of such reduction by the Company to Bonneville.

     (d)  Projected Company loads at each Point of Delivery shall be
          prepared, projected for 10 years, and forwarded to Bonneville by
          October 1, of each year. If, based on long-range power flow studies
          and actual system loadings, such projected loads are expected to
          exceed the Use Limits with respect to such Point of Delivery within
          the projected years, within a reasonable planning horizon for the
          facilities involved, the Company and Bonneville shall enter into
          joint discussions to:

          (1)  discuss how the Company plans to modify the load on Bonneville
               at such Point of Delivery to stay within the Use Limit;

          (2)  discuss the Company's plan for facility additions, revisions,
               or upgrades, which will increase capacity at such Point of
               Delivery;

          (3)  discuss Bonneville's plan for facility additions, revisions,
               or upgrades, which will increase capacity at such Point of
               Delivery; or

          (4)  discuss the extent to which the capacity of facilities with
               respect to such Point of Delivery would be available so as to
               increase the Use Limit with respect to such Point of Delivery.

          Prior to the implementation of any facility addition, revision or
          upgrade that increases capacity at a Point of Delivery as
          contemplated by this section 10(d), the Parties shall negotiate the
          allocation of costs for such facility addition, revision or
          upgrade, and the allocation of any increase in capacity at such
          Point of Delivery, each such allocation to be pursuant to then-
          existing FERC policies applicable to Bonneville and the Company,
          respectively, as such policies apply to cost and capacity
          allocations, and also subject to any other applicable statutory and
          regulatory requirements. The Company shall be assessed costs for
          studies conducted by Bonneville in connection with this section
          10(d) consistent with the manner in which
          
                                      21

          Bonneville assesses study costs to other Bonneville customers who
          receive transmission service pursuant to the Integration of
          Resources (IR) Transmission Rate Schedule, or its successor rate
          schedule; provided that, in any event, the costs of any such study
          conducted by Bonneville in connection with this section 10(d) shall
          be equitably allocated among the Company, Bonneville and
          Bonneville's other customers based upon the respective system
          benefits derived by such parties as a result of such facility
          addition, revision or upgrade.

          To the extent that other entities may receive system benefits from
          such facility addition, revision or upgrade, Bonneville shall
          invite such entities to participate in discussions with respect to
          cost allocation and system benefits referred to in this section
          10(d).

     (e)  When changes are made pursuant to this section, Bonneville shall
          incorporate such changes in a new Exhibit C as soon as practicable.

11.  SPECIAL PROVISIONS

     (a)  In recognition of the Company's existing agreement with Seattle
          City Light (Seattle) to wheel Electric Power from the Centralia
          Project, and notwithstanding anything in this Agreement to the
          contrary, the Company may reduce the Transmission Demand with
          respect to the C.W. Paul Substation Point of Integration no more
          frequently than once in any 12-month period commencing on the
          anniversary of the Effective Date to the extent of any reduction in
          the amount of Electric Power that the Company is obligated pursuant
          to such agreement to wheel from the Centralia Project to Seattle.
          The Company shall provide 3-months' written notice to Bonneville of
          any decrease in such Transmission Demand pursuant to this
          subsection.

     (b)  If the Company contracts hereafter with another entity, including
          Seattle, to transmit Electric Power over the Company's Tono
          Transmission facilities the Transmission Demand with respect to the
          C.W. Paul Point of Integration shall be increased in an amount
          equal to the amount transmitted by the Company for such other
          entity.

                                      22

12.  MISCELLANEOUS

     (a)  Any notice, demand, request or other communication
          provided for in this Agreement, or served, given or made in
          connection with this Agreement, shall be given in writing (unless
          otherwise provided in this Agreement) and shall be deemed to be
          served, given or made upon receipt if delivered in person or sent
          by acknowledged delivery, or sent by registered or certified mail,
          postage prepaid, to the persons addressed as set forth below:

          If to Bonneville:

               The Bonneville Power Administration
               905 N.E. llth Avenue
               Portland, Oregon 97232
               Attention:  Group Vice President for Marketing, Conservation
                           and Production




          If to Puget:

               Puget Sound Power & Light Company
               411 108th Avenue N.E.
               15th Floor
               Bellevue, Washington 98005-5515
               Attention:  Vice President Power Planning

          Either Party may change the address set forth above by giving the
          other Party written notice of such change in accordance with this
          section 12(a).
          
     (b)  Except as may be expressly otherwise provided in this Agreement,
          this Agreement may be amended or modified only by a written
          agreement hereafter entered into by Bonneville and Puget, and no
          provision of this Agreement shall be varied or contradicted by any
          oral agreement, any course of dealing or performance or any other
          matter not hereafter set forth in a written agreement signed by
          both of the Parties.

     (c)  The invalidity or unenforceability of any provision of this
          Agreement shall not affect the other provisions hereof, and this
          Agreement shall be construed in all respects as if such invalid or
          unenforceable provision were omitted.

                                      23

     (d)  Nothing contained in this Agreement shall be construed to create an
          agency, association, joint venture, trust or partnership covenant,
          obligation or liability on or with regard to either of the Parties.
          Each Party shall be individually responsible for its own covenants,
          obligations and liabilities under this Agreement.  All rights and
          obligations of the Parties are several, not joint.  No Party shall
          be deemed to control, to be under the control of, or to be the
          agent of, the other Party.

     (e)  Nothing contained in this Agreement shall grant any rights to, or
          obligate either Party to provide, any services hereunder directly
          to or for retail customers of the other Party.

     (f)  There are no third-party beneficiaries of this Agreement.  This
          Agreement shall not be construed to create rights in, or grant
          remedies to, any third party as a beneficiary of this Agreement or
          of any duty, obligation or undertaking established herein.

     (g)  Whenever it is provided in this Agreement that either Party shall
          determine or make a determination or judgment, or that any action,
          determination or judgment shall be in such Party's determination or
          judgment, the exercise of such determination or judgment shall be
          made solely by such Party and shall be final and not subject to
          challenge, so long as such Party exercises its

                                      24

          determination or judgment (a) in good faith and not arbitrarily or
          capriciously, and (b) consistent with Prudent Utility Practice.
          
IN WITNESS WHEREOF, the Parties hereto have executed this Agreeemnt in
several counterparts.

                                            UNITED STATES OF AMERICA
                                            Department of Energy
                                            Bonneville Power Administration


                                            By        Patrick McRae
                                                ------------------------
                                                Senior Account Executive

                                            Name  Patrick McRae
                                                ------------------------
                                            Date  12/1/94
                                                ------------------------


PUGET SOUND POWER & LIGHT COMPANY

By        J. R. Lauckhart
      -----------------------
Name      J. R. Lauckhart
      -----------------------

Title  V. P. Power Planning
      -----------------------

Date  12/1/94
      -----------------------



                                      25

                                                               EXHIBIT 10.115

                                                                    Exhibit A






                                   1993


                      TRANSMISSION RATE SCHEDULES AND

. .             GENERAL TRANSMISSION RATE SCHEDULE PROVISIONS


         TRANSMISSION RATE SCHEDULES AND GENERAL TRANSMISSION RATE
                            SCHEDULE PROVISIONS

                            TABLE OF CONTENTS

Transmission Rate Schedules                                            Page
FPT-93.1       Formula Power Transmission................................1
FPT-91.3       Formula Power Transmission................................3
IR-93          Integration of Resources..................................5
IS-93          Southern Intertie Transmission............................6
IN-93          Northern Intertie Transmission............................7
IE-93          Eastern Intertie Transmission.............................8
ET-93          Energy Transmission.......................................9
MT-91          Market Transmission......................................10
UFT-83         Use-of-Facilides Transmission............................11
TGT-1          Townsend-Garrison Transmission...........................12
AC-93          Southern Intertie Annual Cost............................14


General Transmission Rate Schedule Provisions

Section I      Adoption of Revised Transmission Rate Schedules and
               General Transmission Rate Schedule Provisions............16
Section II     Billing Factor Definitions and Billing Adjustments.......16
Section III    Other Definitions........................................17
Section IV     Billing Information......................................19


                              Schedule FPT-93.1
                          Formula Power Transmission


SECTION   l.  AVAILABILITY

This schedule supersedes schedule FPT-91.1 for all firm transmission
agreements which provide that rates may be adjusted not more frequently than
once a year.  It is available for firm transmission of electric power and
energy using the Main Grid and/or Secondary System of the Federal  Columbia
River  Transmission System (FCRTS).  This schedule is for full-year and
partial-year service and for either continuous or intermittent service when
firm availability of service is required.  For facilities at voltages lower
than the Secondary System, a different rate schedule may be specified.
Service under this schedule is subject to BPA's General Transmission Rate
Schedule Provisions (GTRSPs).

SECTION 11.  RATES

A.  Full-Year Service

   The monthly charge per kilowatt of billing demand shall be one-twelfth of
   the sum of the Main Grid Charge and the Secondary System Charge, as
   applicable and as specified in the Agreement.

   1.  Main Grid Charge
     
       The Main Grid Charge per kilowatt of billing demand shall be the sum
       of one or more of the following component factors as specified in the
       Agreement:
     
       a.  Main Grid Distance Factor:  amount computed by multiplying the
           Main Grid Distance by $0.0371 per mile.
       
       b.  MainGrid Interconnection Terminal Factor:  $0.27
       
       c.  Main Grid Terminal Factor:  $0.44
       
       d.  Main Grid Miscellaneous Facilities Factor: $1.88
       
   2.  Secondary System Charge
   
       The Secondary System Charge per kilowatt of billing demand shall the
       the sum of one or more of the following component factors as
       specified in the Agreement:
   
       a.  Secondary System Distance Factor: The amount determined by
           multiplying the Secondary System Distance by $0.2784 per mile
       
       b.  Secondary System Transformation Factor:  $4.10
       
       c.  Secondary System Intermediate Terminal Factor:  $1.29
       
       d.  Secondary System Interconnection Terminal Factor:  $0.68
       
       
B.  Partial-Year Service
   
   The monthly charge per kilowatt of billing demand shall be as specified
   in Section II.A. for all months of the year except for agreements with
   terms 5 years or less and which specify service for fewer than 12 months
   per year.  The monthly charge shall be:
   
   1.  During months for which service is specified, the monthly charge
       defined in Section II.A., and
   
   2.  During other months, the monthly charge defined in Section II.A.
       multiplied by 0.2.

SECTION III.  BILLING FACTORS

Unless otherwise stated in the Agreement, the billing demand shall be the
largest of:

A.  The Transmission Demand;

B.  The highest hourly Scheduled Demand for the month; or

C.  The Ratchet Demand

                               Schedule FPT-91.3
                          Formula Power Transmission



SECTION 1  AVAILABILITY

This schedule continues schedule FPT-91.3 for all firm transmission
agreements which provide that rates may he adjusted not more frequently than
once every 3 years.  It is available for firm transmission of electric power
and energy using the Main Grid and/or Secondary System of the Federal
Columbia River Transmission System.  This schedule is for full-year and
partial-year service and for either continuous or intermittent service when
firm availability of service is required.  For facilities at voltages lower
than the Secondary System, a different rate schedule may be specified.
Service under this  schedule is subject to BPA's General Transmission Rate
Schedule Provisions.

SECTION II.  RATE

A.  Full-Year Service

   The monthly charge per kilowatt of billing demand shall be one-twelfth of
   the sum of the Main Grid Charge and the Secondary System Charge, as
   applicable and as specified in the Agreement.
   
   1.  The Main Grid Charge
   
       The Main Grid Charge per kilowatt of billing demand shall be the sum
       of one or more of the following component factors as specified in the
       agreement.
   
       a.  Main Grid Distance Factor:  The amount computed by multiplying
           the Main Grid Distance by $0.0281 per mile
       
       b.  Main Grid Interconnection Terminal Factor:  $0.27
       
       c.  Main Grid Terminal Factor:  $0.30
       
       d.  Main Grid Miscellaneous Facilities Factor:  $1.31
       
   2.  Secondary System Charge
   
       The Secondary System Charge per kilowatt of billing demand shall be
       the sum of one or more of the following component factors as
       specified in the Agreement.
   
       a.  Secondary System Distance Factor:  The amount determined by
           multiplying the Secondary System Distance by $0.1961 per mile.
       
       b.  Secondary system Transformation Factor:  $2.53
       
       c.  Secondary System Intermediate Terminal Factor:  $0.84
       
       d.  Secondary System Interconnection Terminal Factor:  $0.44
       

B.  Partial-Year Service

    The monthly charge per kilowatt of billing demand shall be as specified
   in Section II.A. for all months of the year except for agreements with
   terms 5 years or less and which specify service for fewer than 12 months
   per year.  The charge shall be:

   1.  during months for which service is specified, the monthly charge
       defined in Section II.A., and
   
   2.  During other months, the monthly charge defined in Section II.A.
       multiplied by 0.2.
   
SECTION III.  BILLING FACTORS

Unless otherwise stated in the Agreement, the billing demand shall be the
largest of:

A.  The Transmission Demand;

B.  The highest hourly Scheduled Demand for the month; or

C.  The Ratchet Demand
   

                                 Schedule IR-93
                           Integration of Resources

SECTION 1. AVAILABILITY

Ths schedule supersedes IR-91 and is available for firm transmission service
for electric power and energy using the Main Grid and/or Secondary System of
the Federal Columbia River Transmission System.  The definitions of Main Grid
and Secondary Systems are the same as for the FPT-93.1 and FPT-91.3 rate
schedules and are contained in the General Transmission Rate Schedule
Provisions (GTRSPs).  For facilities at voltages lower than the Secondary
System, a different rate schedule may be specified.  Service under this
schedule is subject to BPA's GTRSPS.

 SECTION 11.  RATE

The monthly charge shall be the sum of A and B where:

A.  Demand Charge

    1.  $0.424 per kilowatt of billing demand; or

   2.  For Points of Integration (POI) specified in the Agreement as being
       short distance POIs, for which Main Grid and Secondary System
       facilities are used for a distance of less than 75 circuit miles, the
       following formula applies:

       [0.2 + (0.8/75 x transmission distance)]
       ($0.424 per kilowatt of billing demand)
   
       Where:
   
       the billing demand for a short distance POI is the demand level
       specified in the Agreement for such POI, and the transmission
       distance is the circuit miles between the POI for a generating
       resource of the customer and a designated Point of Delivery serving
       load of the customer.  Short distance POIs are determined by BPA
       after considering factors in addition to transmission distance.
   
B.  Energy Charge

    1.06 mills per kilowatthour of billing energy.

SECTION III. BILLING FACTORS

To the extent that the Agreement provides for the customer to be billed for
transmission in excess of the Transmission Demand or Total Transmission
Demand, as defined in the Agreement, at the nonfirm transmission rate
(currently ET-93), such transmission service shall not contribute to either
the Billing Demand or the Billing Energy for the IR rate provided that the
customer requests such treatment and BPA approves in accordance with the
prescribed provisions in the Agreement.

A.  Billing Demand

   The billing demand shall be the largest of:
   
   1.  The Transmission Demand, except under General Transmission Agreements
       where a Total Transmission Demand is defined:
   
   2.  The highest hourly Scheduled Demand for the month; or
   
   3.  The Ratchet Demand.
   
B.  Billing Energy

    The billing energy shall be the monthly sum of scheduled kilowatthours.
                               SCHEDULE IS-93
                        SOUTHERN INTERTIE TRANSMISSION


SECTION   I.  AVAILABILITY

This schedule supersedes IS-91 and is available for all transmission on the
Southern Intertie.  Service under this schedule is subject to BPA's General
Transmission Rate Schedule Provisions.

SECTION  II.  RATE

A.  Nonfirm Transmission Rate

    The charge for nonfirm transmission of non-BPA power shall be 3.11 mills
   per kilowatthour of billing energy.  This charge applies for both north-
   to-south and south-to-north transactions.

B.  Firm Transmission Rate

    The charge for firm transmission service shall be $0.706 per kilowatt per
   month of billing demand and 1.69 mills per kilowatthour of billing
   energy.  Firm transmission will only be made available to customers under
   this rate schedule who have executed a contract with BPA specifying use
   of the Firm Transmission rate for either north-to-south or south-to-north
   transactions.

SECTION III.  BILLING FACTORS

A.  For services under Section II.A. the billing energy shall be the monthly
   sum of the scheduled kilowatthours, plus the monthly sum of kilowatthours
   allocated but not scheduled.  The amount of allocated but not scheduled
   energy that is subject to billing may be reduced pro rata by BPA due to
   forced Intertie outages and other uncontrollable forces that may reduce
   Intertie capacity.  The amount of allocated but not scheduled energy that
   is subject to billing also may be reduced upon mutual agreement between
   BPA and the customer.

B.  For services under Section II.B. the billing demand shall be the
   Transmission Demand as defined in the Agreement.  The billing energy
   shall be the monthly sum of scheduled kilowatthours, unless otherwise
   specified in the Agreement.


                                  Schedule IN-93

                        NORTHERN INTERTIE TRANSMISSION


SECTION   I.  AVAILABILITY

This schedule supersedes IN-91 and is available for all transmission on the
Northern Intertie pursuant to an Agreement.  Service under this schedule is
subject to BPA's General Transmission Rate Schedule Provisions.

SECTION  II.  RATE

The charge for transmission of non-BPA power on the Northern Intertie shall
be 0.86 mills per kilowatthour.

SECTION III.  BILLING FACTORS

Billing Energy

The billing energy shall be the monthly sum of the scheduled kilowatthours.

                                Schedule IE-93
                         EASTERN INTERTIE TRANSMISSION


SECTION 1. AVAILABILITY

This schedule supersedes IE-91 and is  available for all nonfirm transmission
on the Eastern lntertie.  Service under this schedule is subject to BPA's
General Transmission Rate Schedule Provisions.

SECTION  11.  RATE

The charge for nonfirm transmission on the Eastern Intertie shall be 2.04
mills per kilowatthour.

SECTION III.  BILLING FACTORS

Billing Energy

The billing energy shall be the monthly sum of the scheduled kilowatthours.
                                    Schedule ET-93

                             ENERGY TRANSMISSION


Section   I.  Availability

This schedule supersedes ET-91, unless otherwise specified in the Agreement,
with respect to delivery using Federal Columbia River Transmission System
facilities other than the Southern Intertie, Eastern Intertie, or the
Northern Intertie, and is available for firm (of not more than 1 year
duration) or nonfirm transmission between points within the Pacific
Northwest.  BPA may interrupt nonfirm service which is provided under this
rate schedule.  Service under this schedule is subject to BPA's General
Transmission Rate Schedule Provisions.

SECTION  II.  Rate

The charge for transmission of non-BPA power shall be 2.02 mills per
kilowatthour.

SECTION III.  BILLING FACTORS

Billing Energy

The billing energy shall be the monthly sum of scheduled kilowatthours.
                               Schedule MT-91

                              MARKET TRANSMISSION

SECTION   I.  AVAILABILITY

This schedule supersedes MT-89 and is available for Transmission Service for
transactions using Federal Columbia River Transmission System facilities
pursuant to the Western Systems Power Pool (WSPP) Agreement.  General
Transmission Rate Schedule Provisions.

SECTION  II.  RATE

The charge shall he determined in advance by BPA.  The charge shall be based
on the duration of the proposed transaction and shall not exceed the
following rates.

A.  Hourly Rate

   The maximum charge shall be 6.5 mills per kilowatt hour where the total
   hourly revenues from a given transaction during a calendar day shall not
   exceed the product of the Daily rate and the maximum demand scheduled
   during any such day.
   
B.  Daily Rate
   
   The maximum charge shall be $.105 per kilowattday where the total demand
   charge revenues in any consecutive 7-day period shall not exceed the
   product of the Weekly rate and the highest demand experienced on any day
   in the 7-day period.
   
C.  Weekly Rate
   
       The maximum charge shall be $.52 per  kilowattweek.
   
D.  Monthly Rate.
   
    The maximum charge shall be $2.27 per kilowattmonth.

SECTION III. BILLING FACTORS

The billing factors shall be specified in advance by BPA, as to representing
the Transmission Service use or reservation.

                                Schedule UFT-83
                        USE-OF-FACILITIES TRANSMISSION

SECTION   I.  AVAILABILITY

This schedule supersedes UFT-1 and UFT-2 unless otherwise provided in the
Agreement, and is available for firm transmission over specified Federal
Columbia River Transmssion system facilities.  Service under this schedule is
subject to BPA's General Transmission Rate Schedule Provisions.

SECTION  II.  RATE

The monthly charge per kilowatt of Transmission Demand specified in the
Agreement shall be one-twelfth of the annual cost of capacity of the
specified facilities divided by the sum of Transmission Demands (in
kilowatts) using such facilities.  Such annual cost shall be determined in
accordance with Section III.

SECTION III.  DETERMINATION OF TRANSMISSION RATE

A.  From time to time, but not more often than once in each Contract Year,
   BPA shall determine the following data for the facilities which have been
   constructed or otherwise acquired by BPA and which are used to transmit
   electric power:

   1.  The annual cost of the specified FCRTS facilities, as determined from
       the capital cost of such facilities and annual cost ratios developed
       from the Federal Columbia River Power System financial statement,
       including interest and amortization, operation and maintenance,
       administrative and general, and general plant costs.
   
   2.  The yearly noncoincident peak demands of all users of such facilities
       or other reasonable measurement of the facilities' peak use.
   
B.  the monthly charge per kilowatt of billing demand shall be one-twelfth of
   the sum of the annual cost of the FCRTS facilites used divided by the sum
   of Transmission Demands.  The annual cost per kilowatt of Transmission
   Demand for a facility constructed or otherwise acquired by BPA shall be
   determined in accordance with the following formula:

              A
              -
              D

    Where:

    A = The annual cost of such facility as determined in accordance with
        A.1. above.

    D = The sum of the yearly noncoincident demands on the facility as
        determined in accordance with A.2. above.

The annual cost per kilowatt of facilities listed in the Agreement which are
owned by another entity, and used by BPA for making deliveries to the
transferee, shall be determined from the costs specified in the Agreement
between BPA and such other entity.

SECTION  IV.  DETERMINATION OF BILLING DEMAND

Unless otherwise stated in the Agreement, the factor to be used in
determining the kilowatts of billing demand shall be the largest of:

A.  The Transmission Demand in kilowatts specified in the Agreement;

B.  The highest hourly Measured or Scheduled Demand for the month, the
   Measured Demand being adjusted for power factor; or

C.  The Ratchet Demand.
                                Schedule TGT-1

                        TOWNSEND-GARRISON TRANSMISSION


SECTION   I.  AVAILABILITY

This schedule shall apply to all agreements which provide for the firm
transmission of electric power and energy over transmission facilities of
BPA's section of the Montana [Eastern] Intertie.  Service under this schedule
is subject to BPA's General Transmission Rate Schedule Provisions.

SECTION  II.  RATE

The monthly charge shall be one-twelfth of the sum of the annual charges
listed below, as applicable and as specified in the agreements for firm
transmission.  The Townsend-Garrison 500-kV lines and associated terminal,
line compensation, and communication facilities are a separately identified
portion of the Federal Transmission System.  Annual revenues plus credits for
government use should equal annual costs of the facilities, but in any given
year there may be either a surplus or a deficit.  Such surpluses or deficits
for any year shall be accounted for in the computation of annual costs for
succeeding years.  Revenue requirements for firm transmission use will be
decreased by any revenues received from nonfirm use and credits for all
government use.  The general methodology for determining the firm rate is to
divide the revenue requirement by the total firm capacity requirements.
Therefore, the higher the total capacity requirements, the lower will be the
unit rate.

If the government provides firm transmission service in its section of the
Montana [Eastern] Intertie in exchange for firm transmission service in a
customer's section of the Montana Intertie, the payment by the government for
such transmission services provided by such customer will be made in the form
of a credit in the calculation of the Intertie Charge for such customer.
During an estimated 1- to 3-year period following the commercial operation of
the third generating unit at the Colstrip Thermal Generating Plant at
Colstrip, Montana, the capability of the Federal Transmission System west of
Garrison Substation may be different from the long-term situation.  It may
not be possible to complete the extension of the 500-kV portion of the
Federal Transmission System to Garrison by such commercial operation date.
In such event, the 500/230 kV transformer will be an essential extension of
the Townsend-Garrison Intertie facilities, and the annual costs of such
transformer will be included in the calculation of the Intertie Charge.

However, starting 1 month after extension to Garrison of the 500-kV portion
of the Federal Transmission System, the annual costs of such transformer will
no longer be included in the calculation of the Intertie Charge.

A.  Nonfirm Transmission Charge:

    This charge will be filed as a separate rate schedule and revenues
   received thereunder will reduce the amount of revenue to be collected
   under the Intertie Charge below.

B.  Intertie Charge for Firm Transmission Service:

    Intertie Charge =

                  (CR-EC)
[((TAC/12)-NFR) x -------]
                   TCR

SECTION III.  DEFINITIONS

A.  TAC = Total Annual Costs of facilities associated with the Townsend-
   Garrison 500-kV Transmission line including terminals, and prior to
   extension of the 500-kV portion of the Federal Transmission System to
   Garrison, the 500/230 kV transformer at Garrison.  Such annual costs are
   the total of:  (1) interest and amortization of associated Federal
   investment and the appropriate allocation of general plant costs; (2)
   operation and maintenance costs; (3) allowance for BPA's general
   administrative costs which are appropriately allocable to such
   facilities, and (4) payments made pursuant to section 7(m) of Public Law
   96-501 with respect to these facilities.  Total Annual Costs shall be
   adjusted to reflect reductions to unpaid total costs as a result of any
   amounts received, under agreements for firm transmission service over the
   Montana Intertie, by the government on account of any reduction in
   Transmission Demand, termination or partial termination of any such
   agreement or otherwise to compensate BPA for the unamortized investment,
   annual cost, removal, salvage, or other cost related to such facilities.

B.  NFR = Nonfirm Revenues, which are equal to: (1) the product of the
   Nonfirm Transmission Charge described in II(A) above, and the total
   nonfirm energy transmitted over the Townsend-Garrison line segment under
   such charge for such month; plus (2) the product of the Nonfirm
   Transmission Charge and the total nonfirm energy transmitted in either
   direction by the Government over the Townsend-Garrison line segment for
   such month.

C.  CR = Capacity Requirement of a customer on the Townsend-Garrison 500-kV
   transmission facilities as specified in its firm transmission agreement.

D.  TCR = Total Capacity Requirement on the Townsend-Garrison 500-kV
   transmission facilities as calculated by adding (1) the sum of all
   Capacity Requirements (CR) specified in all transmission agreements
   described in section I; and (2) the Government's firm capacity
   requirement.  The Government's firm capacity requirement shall be no less
   than the total of the amounts, if any, specified in firm transmission
   agreements for use of the Montana Intertie.

E.  EC = Exchange Credit for each customer which is the product of: (1) the
   ratio of investment in the Townsend-Broadview 500-kV transmission line to
   the investment in the Townsend-Garrison 500-kV transmission line; and (2)
   the capacity which the Government obtains in the Townsend-Broadview 500-
   kV transmission line through exchange with such customer.  If no exchange
   is in effect with a customer, the value of EC for such customer shall be
   zero.
                                Schedule AC-93
                         Southern Intertie Annual Cost


SECTION   I.  AVAILABILITY

This schedule is applicable to all parties (New Owners) that execute PNW AC
Intertie Capacity Ownership Agreements (Agreements) and will be effective on
the date described in the Agreement.  Service under this schedule is subject
to BPA's General Transmission Rate Schedule Provisions.

SECTION  II.  RATE

The rate charges reflect the terms of the Memorandum of Understanding (MOU),
signed in the fall of 1991, between BPA and potential New owners.  The MOU
provides for the payment by New Owners of their prorated share of: (1) BPA's
annual operations, maintenance and general plant expense (including
applicable overheads) properly chargeable to the AC Intertie facilities; and
(2) BPA's share of capitalized replacements on the AC Intertie.  The monthly
charge shall be the sum of the charges specified in sections II.A. and II.B.

A.  Operations, Maintenance, and General Plant

    The monthly charge shall equal $325 per megawatt of billing demand.

B.  Replacements

    The monthly charge shall equal $0 per megawatt of billing demand.

SECTION III.  ADJUSTMENT TO REPLACEMENTS RATE

A.  Determination of Billing Adjustment

   New Owners will receive a billing adjustment if BPA incurs AC Intertie
   replacement cost during the rate period.  The Replacements Rate
   Adjustment equals
   
              AC Intertie work orders ($000) * %
              ----------------------------------
                    725 MW * # months
   
   where:
   
             "# months" equals: (1) the number of months that this
             rate schedule is in effect during the fiscal year for
             the Initial Replacements Rate Adjustment; or (2) the
             number of months in the rate period for the Final
             Replacements Rate Adjustment; and
             
             "%" equals the New Owners' percentage share of BPA's
             total AC Intertie Rated Transfer Capability as specified
             in the Agreements.

B.  Initial Replacements Rate Adjustment

    New Owners will receive a billing adjustment for each fiscal year that
   BPA incurs AC Intertie replacement cost.  At the end of each fiscal year,
   the cost associated with AC Intertie capital replacement work orders that
   have closed during the fiscal year will be determined.  The unit rate
   that would result using these closed work orders is the basis of the
   Initial Replacements Rate Adjustment.
   
   1.  Notice Provisions
   
       Following each fiscal year, BPA shall notify all New Owners by
       December 15, of the proposed Replacements Rate Adjustment.  BPA will
       provide the calculation of the adjustment and a short description of
       the work performed and the associated cost used as the basis for the
       billing adjustment.  In addition to written notification, BPA may,
       but is not obligated to, hold a public meeting to clarify its
       determinations.
   
       Written comments on the Initial Replacements Rate Adjustment will be
       accepted through the end of January.  Consideration of comments
       submitted by the New Owners may result in the billing adjustment
       differing from the initially proposed adjustment.  BPA shall notify
       all New Owners of the Initial Replacements Rate Adjustment by the
       last day of February.
   
   2.  Adjustment of Monthly Bills
   
       An adjustment will be made on the New Owner's monthly bill prepared
       during March.  The Initial Replacements Rate adjustment will be
       multiplied by the sum of the monthly billing factors from the
       relevant fiscal year (i.e., the New Owner's share in megawatts of
       BPA's PNW AC Intertie Rated Transfer Capability multiplied by the
       numbers of months that this rate schedule is effective during the
       fiscal year).  The Initial Replacements Rate Adjustment will appear
       as a charge to the New Owner on the monthly bill prepared during
       March.
   
C.  Final Replacements Rate Adjustment

    The actual costs associated with the AC Intertie capital replacement work
   orders that occur during the rate period may change after BPA performs
   its final analysis of the work orders.  BPA shall compare the unit rate
   for the rate period using the results of the final work order analysis to
   the weighted average of the unit rates from the Initial Replacements Rate
   Adjustments.

   1.  Notice Provisions
   
       BPA shall notify all New Owners in May 1998 of the results of the
       calculations, an explanation of work order changes(s), and any
       resulting billing adjustment.  Written comments from New Owners will
       be accepted through the end of June.  BPA shall notify all New Owners
       of the Final Replacements Rate Adjustment by July 31.  Consideration
       of comments submitted by the New Owners may result in the Final
       Replacements Rate Adjustment differing from the initially proposed
       adjustment.
   
   2.  Adjustment of Monthly Bills
   
       If the absolute value of the Final Replacements Rate Adjustment is
       greater than or equal to $1 per megawatt per month, an adjustment
       will be made on the New Owner's monthly bill prepared during August.
       For each New Owner, the Final Replacements Rate Adjustment will be
       multiplied by the sum of the monthly billing factors from the
       relevant fiscal years (i.e., the New Owner's share in megawatts of
       BPA's PNW AC Intertie Rated Transfer Capability multiplied by the
       number of months that this rate schedule is effective during the
       fiscal years).  The Final Replacements Rate Adjustment will appear as
       a charge or credit to the New Owner on the monthly bill prepared
       during August.  Interest, as determined by BPA's Office of Financial
       Management, will be included in any adjustment.
   
SECTION IV.  BILLING FACTOR

The billing demand shall be the New Owner's capacity ownership share in
megawatts of BPA's PNW AC Intertie Rated Transfer Capability as specified in
the Agreement.

                General Transmission Rate Schedule Provisions

SECTION   I.  ADOPTION OF REVISED TRANSMISSION RATE SCHEDULES AND GENERAL
              TRANSMISSION RATE SCHEDULE PROVISIONS (GTRSPs)

A.  Approval of Rates

    These rate schedules and GTRSPs shall become effective upon interim
   approval or upon final confirmation and approval by FERC.  BPA will
   request FERC approval effective October 1, 1993.

B.  General Provisions

    These 1993 Transmission Rate Schedules and associated GTRSPs are
   virtually identical to and supersede BPA's 1991 Transmission Rate
   schedules and GTRSPs (which became effective October 1, 1991) but do not
   supersede prior rate schedules required by agreement to remain in force.

    Transmission service provided shall be subject to the following Acts, as
   amended:  the Bonneville Project Act, the Regional Preference Act (P.L.
   88-552), the Federal Columbia River Transmission System Act, and the
   Pacific Northwest Electric Power Planning and Conservation Act, and the
   Energy Policy Act of 1992, Pub. L. 102-486, 106 Stat. 2776 (1992).

    The meaning of terms used in the transmission rate schedules shall be as
   defined in agreements or provisions which are attached to the Agreement
   or as in any of the above Acts.

C.  Interpretation

    If a provision in the executed Agreement is in conflict with a provision
   contained herein, the former shall prevail.

SECTION  II.  BILLING FACTOR DEFINITIONS AND BILLING ADJUSTMENTS

A.  Billing Factors

    1.  Scheduled Demand

       The largest of hourly amounts wheeled which are scheduled by the
       customer during the time period specified in the rate schedules.
   
   2.  Metered Demand
   
       The Metered Demand in kilowatts shall be the largest of the 60-minute
       clock-hour integrated demands measured by meters installed at each
       POD during each time period specified in the applicable rate
       schedule.  Such measurements shall be made as specified in the
       Agreement.  BPA, in determining the Metered Demand, will exclude any
       abnormal readings due to or resulting from:  (a) emergencies or
       breakdowns on, or maintenance of, the FCRTS; or (b) emergencies on
       the customer's facilities, provided that such facilities have been
       adequately maintained and prudently operated as determined by BPA.
       If more than one class of power is delivered to any POD, the portion
       of the metered quantities assigned to any class of power shall be as
       agreed to by the parties.  The amount so assigned shall constitute
       the Metered Demand for such class of power.
   
   3.  Transmission Demand
   
       The demand as defined in the Agreement.
   
   4.  Total Transmission Demand
   
       The sum of the transmission demands as defined in the Agreement.
   
   5.  Ratchet Demand
   
       The maximum demand established during the previous 11 billing months.
       Exception:  if a Transmission Demand or Total Transmission Demand has
       been decreased pursuant to the terms of the Agreement during the
       previous 11 billing months, such decrease will be reflected in
       determining the Ratchet Demand.
   
B.  Billing Adjustments

    Average Power Factor

    The adjustment for average power factor, when specified in a transmission
   rate schedule or in the Agreement, shall be made in accordance with the
   average power factor section of the General Wheeling Provisions.

    To maintain acceptable operating conditions on the Federal system, BPA
   may restrict deliveries of power at any time that the average leading
   power factor or average lagging power factor for all classes of power
   delivered to such point or to such system is below 85 percent.

SECTION III.  OTHER DEFINITIONS

Definitions of the terms below shall be applied to these provisions and the
Transmission Rate Schedules, unless otherwise defined in the Agreement.

A.  Agreement

    An agreement between BPA and a customer to which these rate schedules and
   provisions may be applied.

B.  Eastern Intertie

    The segment of the FCRTS for which the transmission facilities consist of
   the Townsend-Garrison double-circuit 500 kV transmission line segment
   including related terminals at Garrison

C.  Electric Power

    Electric peaking capacity (kW) and/or electric energy (kWh).

D.  Federal Columbia River Transmission System

    The transmission facilities of the Federal Columbia River Power System,
   which include all transmission facilities owned by the government and
   operated by BPA, and other facilities over which BPA has obtained
   transmission rights.

E.  Firm Transmission Service

    Transmission service which BPA provides for any non-BPA power except for
   transmission service which is scheduled as nonfirm.  If the firm service
   is provided pursuant to the Agreement, the terms of the Agreement may
   further define the service.

F.  Integrated Network

    The segment of the FCRTS for which the transmission facilities provide
   the bulk of transmission of electric power within the Pacific Northwest,
   excluding facilities not segmented to the network as shown in the
   Wholesale Power Rate Development Study used in BPA's rate development.

G.  Main Grid

    As used in the FPT and IR rate schedules, that portion of the Integrated
   Network with facilities rated 230 kV and higher.

H.  Main Grid Distance

    As used in the FPT rate schedules, the distance in airline miles on the
   Main Grid between the POI and the POD, multiplied by 1.15.

I.  Main Grid Interconnection Terminal

    As used in the FPT rate schedules, Main Grid terminal facilities that
   interconnect the FCRTS with non-BPA facilities.

J.  Main Grid Miscellaneous Facilities

    As used in the FPT rate schedules, switching, transformation, and other
   facilities of the Main Grid not included in other components.

K.  Main Grid Terminal

    As used in the FPT rate schedules, the Main Grid terminal facilities
   located at the sending and/or receiving end of a line exclusive of the
   Interconnection terminals.

L.  Nonfirm Transmission Service

    Interruptible transmission service which BPA may provide for non-BPA
   power.

M.  Northern Intertie

    The segment of the FCRTS for which the transmission facilities consist of
   two 500 kV lines between Custer Substation and the United States-Canadian
   border, one 500 kV line between Custer and Monroe Substations, and two
   230 kV lines from Boundary Substation to the United States-Canadian
   border, and the associated substation facilities.

N.  Point of Integration (POI)

    Connection points between the FCRTS and non-BPA facilities where non-
   Federal power is made available to BPA for wheeling.

O.  Point of Delivery (POD)

    Connection points between the FCRTS and non-BPA facilities where non-
   Federal power is delivered to a customer by BPA.

P.  Secondary System

    As used in the FPT and IR rate schedules that portion of the Integrated
   Network facilities with operating voltage of 115 kV or 69 kV.

Q.  Secondary System Distance

    As used in the FPT rate schedules, the number of circuit miles of
   Secondary System transmission lines between the secondary POI and the
   Main Grid or the secondary POD, or the Main Grid and the secondary POD.

R.  Secondary System Interconnection Terminal

    As used in the FPT rate schedules, the terminal facilities on the
   Secondary System that interconnect the FCRTS with non-BPA facilities.

S.  Secondary System Intermediate Terminal

    As used in the FPT rate schedules, the first and final terminal
   facilities in the Secondary System transmission path exclusive of the
   Secondary System Interconnection terminals.

T.  Secondary Transformation

    As used in the FPT rate schedules, transformation from Main Grid to
   Secondary System facilities.

U.  Southern Intertie

    The segment of the FCRTS for which the major transmission facilities
   consist of two 500 kV AC lines from John Day Substation to the Oregon-
   California border, a portion of the 500 kV AC line from Buckley
   Substation to Summer Lake Substation; when completed, the Third AC
   facilities which include Captain Jack Substation and the Alvey-Meridian
   500 kV AC line; one 1,000 kV DC line between the Celilo Substation and
   the Oregon-Nevada border, and associated substation facilities.

V.  Transmission Service

    As used in the MT rate schedule, Transmission Service is as defined in
   the Western Systems Power Pool Agreement.

SECTION  IV.  BILLING INFORMATION

A.  Payment of Bills

    Bills for transmission service shall be rendered monthly by BPA.  Failure
   to receive a bill shall not release the customer from liability for
   payment.  Bills for amounts due of $50,000 or more must be paid by direct
   wire transfer, customers who expect that their average monthly bill will
   not exceed $50,000 and who expect special difficulties in meeting this
   requirement may request, and BPA may approve, an exemption from this
   requirement.  Bills for amounts due BPA under $50,000 may be paid by
   direct wire transfer or mailed to the Bonneville Power Administration,
   P.O. Box 6040, Portland, Oregon 97228-6040, or to another location as
   directed by BPA.  The procedures to be following in making direct wire
   transfers will be provided by the Office of Financial Management and
   updated as necessary.

    1.  Computation of Bills
   
       The transmission billing determinant is the electric power quantified
       by the method specified in the Agreement or Transmission Rate
       Schedule.  Scheduled power or metered power will be used.
   
       The transmission customer shall provide necessary information to BPA
       for any computation required to determine the proper charges for use
       of the FCRTS, and shall cooperate with BPA in the exchange of
       additional information which may be reasonably useful for respective
       operations.
   
       Demand and energy billings for transmission service under each
       applicable rate schedule shall be rounded to whole dollar amounts, by
       eliminating any amount which is less than 50 cents and increasing any
       amounts from 50 cents through 99 cents to the next higher dollar.
   
   2.  Estimated Bills
   
       At its option, BPA may elect to render an estimated bill to be
       followed at a subsequent billing date by a final bill.  The estimated
       bill shall have the validity of and be subject to the same payment
       provisions as a final bill.
   
   3.  Billing Month
   
       For charges based on scheduled quantities, the billing month is the
       calendar month.  For charges based on metered quantities, the billing
       month is defined as the interval between scheduled meter-reading
       dates.  The billing month will not exceed 31 days in any case.  While
       it may be necessary to read meters on a day other than the scheduled
       meter-reading date, for determination of billing demand, the billing
       month will cease at 2400 hours on the last scheduled meter-reading
       date.  Schedules will be predetermined.  The customer must give 30
       days notice to request a change to the schedule.
   
   4.  Due Date
   
       Bills shall be due by close of business on the 20th day after the
       date of the bill (due date).  should the 20th day be a Saturday,
       Sunday, or holiday (as celebrated by the customer), the due date
       shall be the next following business day.
   
   5.  Late Payment
   
       Bills not paid in full on or before close of business on the due date
       shall be subject to a penalty charge of $25.  In addition, an
       interest charge of one-twentieth percent (0.05 percent) shall be
       applied each day to the sum of the unpaid amount and the penalty
       charge.  This interest charge shall be assessed on a daily basis
       until such time as the unpaid amount and penalty charge are paid in
       full.
   
       Remittances received by mail will be accepted without assessment of
       the charges referred to in the preceding paragraph provided the
       postmark indicates the payment was mailed on or before the due date.
       Whenever a power bill or a portion thereof remains unpaid subsequent
       to the due date and after giving 30 days' advance notice in writing,
       BPA may cancel the contract for service to the customer.  However,
       such cancellation shall not affect the customer's liability for any
       charges accrued prior thereto under such agreement.
   
   6.  Disputed Billings
   
       In the event of a disputed billing, full payment shall be rendered to
       BPA and the disputed amount noted.  Disputed amounts are subject to
       the late payment provisions specified above.  BPA shall separately
       account for the disputed amount.  If it is determined that the
       customer is entitled to the disputed amount, BPA shall refund the
       disputed amount with interest, as determined by BPA's Office of
       Financial Management.
   
       BPA retains the right to verify, in a manner satisfactory to the
       Administrator, all data submitted to BPA for use in the calculation
       of BPA's rates and corresponding rate adjustments.  BPA also retains
       the right to deny eligibility for any BPA rate or corresponding rate
       adjustment until all submitted data have been accepted by BPA as
       complete, accurate, and appropriate for the rate or adjustment under
       consideration.
   
   7.  Revised Bills
   
       As necessary, BPA may render a revised bill.
       
       a.  If the amount of the revised bill is less than or equal to the
           amount of the original bill, the revised bill shall replace all
           previous bills issued by BPA that pertain to the specified
           customer for the specified billing period and the revised bill
           shall have the same date as the replaced bill.
       
       b.  If a revision causes an additional amount to be due BPA or the
           specified customer beyond the amount of the original bill, a
           revised bill will be issued for the difference and the date of
           the revised bill shall be its date of issue.


                                                                    Exhibit B

GWP Form-4R                        (04-15-83)
                           GENERAL WHEELING PROVISIONS
                           ---------------------------
                                Index to Sections
Section                         -----------------                       Page

GENERAL   APPLICATION
   1.    Interpretation..................................................  2
   2.    Definitions.....................................................  2
   3.    Prior Demands...................................................  4
   4.    Measurements....................................................  4
   5.    Measurements and Installation of Meters.........................  5
   6.    Tests of Metering Installations.................................  5
   7     Adjustment for Inaccurate Metering..............................  5
   B.    Character of Service............................................  6
   9.    Point(s) of Delivery and Delivery Voltage.......................  6
  10.    Combining Deliveries Coincidentally.............................  6
  11.    Suspension of Deliveries........................................  6
  12.    Continuity of Service...........................................  6
  13.    Uncontrollable Forces...........................................  7
  14.    Reducing   Charges for Interruptions............................  7
  15.    Net Billing.....................................................  7
  16.    Average Power Factor............................................  7
  17.    Permits.........................................................  8
  18.    Ownership of Facilities.........................................  8
  19.    Adjustment for Change of Conditions.............................  8
  20.    Dispute Resolution and Arbitration..............................  9
  21.    Contract Work Hours and Safety Standards........................ 10
  22.    Convict Labor................................................... 11
  23.    Equal Employment Opp6rtunity.................................... 11
  24.    Additional Provisions........................................... 12
  25.    Reports......................................................... 12
  26.    Assignment of Contract.......................................... 12
  27.    Waiver of Default............................................... 13
  28.    Notices and Computation of Time................................. 13
  29.    Interest of Member of Congress.................................. 13

APPLICABLE ONLY IF TRANSFEREE IS A PARTY TO THIS CONTRACT
  30.    Balancing Phase Demands......................................... 13
  31.    Adjustment for Unbalanced Phase Demands..13
  32.    Changes in Requirements or Characteristics...................... 13
  33.    Inspection of Facilities.........................................13
  34.    Electric Disturbances............................................14
  35.    Harmonic Control................................................ 15

APPLICABLE ONLY IF TRANSFEREE IS NOT A PARTY TO THIS CONTRACT
  36.    Protection of the Transferor.................................... 15

RELATING ONLY TO RURAL ELECTRIFICATION BORROWERS
  37.    Approval of Contract............................................ 15

APPLICABLE ONLY IF BONNEVILLE IS THE TRANSFEROR
  38.    Equitable Adjustment of Rates................................... 15

                             GENERAL APPLICATION

 1.  Interpretation.
     (a)  The provisions in this exhibit shall be deemed to be a part of the
          contract body to which they are an exhibit.  If a provision in such
          contract body is in conflict with a provision contained herein, the
          former shall prevail.

     (b)  If a provision in the General Transmission Rate Schedule Provisions
          is in conflict with a provision in this exhibit or the contract
          body, this exhibit or the contract body shall prevail.

     (c)  Nothing contained in this contract shall, in any manner, be
          construed to abridge, limit, or deprive any party thereto of any
          means of enforcing any remedy, either at law or in equity, for the
          breach of any of the provisions thereof which it would otherwise
          have.

 2.  Definitions.  As used in this contract:
     (a)  "Contractor," "Utility" or "Borrower" means the party- to this
          contract  other than Bonneville.

     (b)  "Federal System" or "Federal System Facilities" means the
          facilities of the Federal Columbia River Power System, which for
          the purposes of this contract shall be deemed to include the
          generating facilities of the Government in the Pacific Northwest
          for  which Bonneville is designated as marketing agent; the
          facilities of the Government under the jurisdiction of Bonneville;
          and any other facilities:

          (1)  from which Bonneville receives all or a portion of the
               generating capability (other than station service) for use in
               meeting Bonneville's loads, such facilities being included
               only to the extent Bonneville has the right to receive such
               capability; provided, however, that "Bonneville's loads" shall
               not include that portion of the loads of any Bonneville
               customer which are served by a nonfederal generating resource
               purchased or owned directly by such customer which may be
               scheduled by Bonneville;

          (2)  which Bonneville may use under contract, or license; or

          (3)  to the extent of the rights acquired by Bonneville pursuant to
               the Treaty, between the Government and Canada, relating to the
               cooperative development of water resources of the Columbia
               River Basin, signed in Washington, D.C., on January 17, 1961.

     (c)  "Integrated Demand" means the number of kilowatts which is equal to
          the number of kilowatt-hours delivered at any point during a clock
          hour.

     (d)  "Measured Demand" means the maximum Integrated Demand for a billing
          month determined from measurements made as specified in the
          contract or as determined in section 4 hereof when metering or
          other data are not available

                                      2
          for such purpose.  Bonneville, in determining the Measured Demand,
          will exclude any abnormal Integrated Demands due to, or resulting
          from (a) emergencies or breakdowns on, or maintenance of, either
          parties' facilities, and (b) emergencies on facilities of the
          Transferee, provided that such facilities have been adequately
          maintained and prudently operated as determined by Bonneville.

          If the contract provides for delivery of more than one class of
          power to a Transferee at any Point of Delivery, the portion of each
          Integrated Demand assigned to any class of power shall be
          determined as specified in the contract.  The portion of the
          Integrated Demand so assigned shall constitute the Measured Demand
          for such class of power.

     (e)  "Month" means the period commencing at the time when the meters
          mentioned in this contract are read by Bonneville and ending
          approximately 30 days thereafter when a subsequent reading of such
          meters is made by Bonneville.

     (f)  "Point(s) of Delivery" means the point(s) of delivery listed either
          in the Points of Delivery Exhibit to this contract or in the body
          of this contract.

     (g)  "System" or "Facilities" means the transmission facilities:  (1)
          which are owned or controlled by either party, or (2) which either
          party may use under lease, easement, or license.

     (h)  "Transferee" means an entity which receives power or energy from
          the system of the Transferor.

     (i)  "Transferor" means an entity which receives at one point on its
          system a supplying entity's power or energy and makes such power or
          energy available at another point an its system for the account of
          the delivering entity or a third party.

     (j)  "Uncontrollable Forces" means:

          (1)  strikes or work stoppage affecting the operation of the
               Contractor's works, system, or other physical facilities or of
               the Federal System Facilities or the physical facilities of
               any Transferee upon which such operation is completely
               dependent; the term "strikes or work stoppage" shall be deemed
               to include threats of imminent strikes or work stoppage which
               reasonably require a party or Transferee to restrict or
               terminate its operations to prevent substantial loss or damage
               to its works, system, or other physical facilities; or

          (2)  such of the following events as the Contractor or Bonneville
               or any Transferee by exercise of reasonable diligence and
               foresight, could not reasonably have been expected to avoid:

               (A)  events, reasonably beyond the control of either party or
                    any Transferee, causing failure, damage, or destruction
                    of any works, system or facilities of such party or
                    Transferee; the word "failure"
          
                                      3
                    shall be deemed to include interruption of, or
                    interference with, the actual operation of such works,
                    system, or facilities;
          
               (B)  floods or other conditions caused by nature which limit
                   or prevent the operation of, or which constitute an
                   imminent threat of damage to, any such works, system, or
                   facilities; and

               (C)  orders and temporary or permanent injunctions which
                   prevent operation, in whole or in part, of the works,
                   system, or facilities of either party or any Transferee,
                   and which are issued in any bona fide proceeding by:

                     i.  any duly constituted court of general jurisdiction;
                         or

                    ii.  any administrative agency or officer other than
                         Bonneville or its officers, provided by law (a) if
                         said party or Transferee has no right to a review of
                         the validity of such order by a court of competent
                         jurisdiction; or (b) if such order is operative and
                         effective unless suspended, set aside, or annulled
                         by a court of competent jurisdiction and such order
                         is not suspended, set aside, or annulled in a
                         judicial proceeding prosecuted by said party or
                         Transferee in good faith; provided, however, that if
                         such order is suspended, set aside, or annulled in
                         such a judicial proceeding, it shall be deemed to be
                         an "uncontrollable force" for the period during
                         which it is in effect; provided, further, that said
                         party or Transferee, shall not be required to
                         prosecute such a proceeding, in order to have the
                         benefits of this section, if the parties agree that
                         there is no valid basis for contesting the order.

                    The term "operation" as used in this subsection shall be
                    deemed to include construction, if construction is
                    required to implement the contract and is specified
                    therein.
                    
 3.  Prior Demands.

     (a)  In determining any credit demand mentioned in, or money
          compensation to be paid under this contract for any month,
          Integrated Demands at which electric energy was delivered by the
          Transferor at Points of Delivery mentioned herein for the account
          of the other party to this contract prior to the date upon which
          the contract takes effect shall be considered in the same manner as
          if this contract had been in effect.

     (b)  If either party has delivered electric power and energy to the
          other party at any Point of Delivery specified in this contract or
          in any previous contract, and such Point of Delivery is superseded
          by another Point of Delivery specified in this contract, the
          Measured Demands, if any, at the superseded Point of Delivery shall
          be considered for the purpose of determining the charges paid to
          the Transferor for the electric power and energy delivered under
          this contract at such superseded point.

 4.  Measurements. Except as it is otherwise provided in section 7, each
     measurement of each meter mentioned in this contract shall be the
     measurement
                                      4

     automatically recorded by such meter or, at the request of either party,
     the  measurement as mutually determined by the best available
     information.

     If it is provided in this contract that measurements made by any of the
     meters specified therein are to be adjusted for losses, such adjustments
     shall be made by using factors, or by compensating the meters, as agreed
     upon by the parties hereto.  If changes in conditions occur which
     substantially affect any such loss factor or compensation, it will be
     changed in a manner which will conform to such change in conditions.

 5.  Measurements and Installation of Meters.  Bonneville may  at any  time
     install a meter or metering equipment to make the measurements for any
     Point  of Delivery required for any computation or determination
     mentioned in this contract, and if so installed, such measurements shall
     be used thereafter in such computation or determination.

 6.  Tests of Metering Installations.  Each party to this contract shall, at
     its expense, test its metering installations associated with this
     contract at least once every two years. and, if requested to do so by
     the other party, shall make additional tests or inspections of such
     installations, the expense of which shall be paid by such other party
     unless such additional tests or inspections show the measurements of
     such installations to be inaccurate as specified in section 7.  Each
     party shall give reasonable notice of the time when any such test or
     inspection is to be made to the other party who may have representatives
     present at such test or inspection.   Any component of such
     installations found to be defective or inaccurate shall be adjusted,
     repaired or replaced to provide accurate metering.

 7.  Adjustment for Inaccurate Metering

     (a)  If any meter mentioned in this contract fails to register, or if
          the measurement made by such meter during a test made as provided
          in section 6 varies by more than one percent from the measurement
          made by the standard meter used in such test, or if an error in
          meter reading occurs, adjustment shall be made correcting all
          measurements for the actual period during which such inaccurate
          measurements were made, if such period can be determined.   If such
          period cannot be determined, the adjustment shall be made for the
          period immediately preceding the test of such meter which is equal
          to the lesser of (a) one-half the time from the date of the last
          preceding test of such meter, or (b) six months.   Such corrected
          measurements shall be used to recompute the amounts of any electric
          power and energy to be made available, or any credits to be made in
          any exchange energy account, and of any money compensation to be
          paid to the Transferor as provided in this contract.


     (b)  If the credit theretofore made to the Transferor in the exchange
          energy account varies from the credit to be made as recomputed, the
          amount of the variance will be credited in such exchange energy
          account to the party entitled thereto.

     (c)  If the money compensation theretofore paid to the Transferor varies
          from the money compensation to be paid as recomputed, the amount of
          the variance will be paid to the party entitled thereto after both
          parties have agreed to such recomputation and within 30 days after
          receipt of invoice by the designated payment office of the payer
          provided, however, that the  other

                                      5

          party may deduct such amount due it from any money compensation
          which thereafter becomes due the Transferor under this contract.

 8.  Character of Service.  Unless otherwise specifically provided for in the
     contract, electric power and energy made available pursuant to this
     contract shall be in the form of three-phase current, alternating at a
     nominal frequency of 60 hertz.

 9.  Point(s) of Delivery and Delivery Voltage.  Electric power and  energy
     shall be delivered to each Transferee at such point or points and at
     such voltage or voltages as are agreed upon by the parties hereto.

10.  Combining Deliveries Coincidentally.  If it is provided in this contract
     that charges for electric power and energy made available at two or more
     Points of Delivery will be made by combining deliveries at such points
     coincidentally:

     (a)  the total Measured Demand to be considered in determining the
          billing demand for each billing month shall be the largest sum
          obtained by adding for each demand interval of such month the
          corresponding Integrated Demands of the Transferee at all such
          points after adjusting said Integrated Demands as appropriate to
          such points;

     (b)  the number of kilowatthours to be used in determining the energy
          charge, if any, and the average power factor at which electric
          energy is delivered at such points under this contract, during such
          month, shall be the sum of the amounts of electric energy delivered
          at such points under this contract during such month; and

     (c) the number of reactive kilovolt-ampere-hours to be used in
          determining such average monthly power factor shall be the sum of
          the reactive kilovolt-ampere-hours delivered at such points under
          this contract such  month.

11.  Suspension of Deliveries.  The other party to this contract may at any
     time notify the Transferor in writing to suspend the deliveries of
     electric power and energy provided for in this contract.  Upon receipt
     of any such notice, the Transferor will forthwith discontinue, and will
     not resume, such deliveries until notified to do so by the other party,
     and upon receipt of such notice from the other party to do so, will
     forthwith resume such deliveries.

12.  Continuity of Service.    Either party may temporarily interrupt or
     reduce deliveries of electric power and energy if such party determines
     that such interruption or reduction is necessary or desirable in case of
     system emergencies, Uncontrollable Forces, or in order to install
     equipment in, make repairs to, make replacements within, make
     investigations and inspections of, or perform other maintenance work on
     its system.  Except in case of emergency and in order that each party's
     operations will not be unreasonably interfered with, such party shall
     give notice to the other party of any such interruption or reduction,
     the reason therefor, and the probable duration thereof to the extent
     such party has knowledge thereof.  Each party shall effect the use of
     temporary facilities or equipment to minimize the effect of any such
     interruption or outage to the extent reasonable or appropriate.

13.  Uncontrollable Forces.  Each party shall notify the other as soon  as
     possible of any Uncontrolled Forces which may in any way affect the
     delivery of power hereunder.  In the event the operations of either
     party are interrupted or curtailed due to such Uncontrollable Forces,
     such party shall exercise due diligence to reinstate such operations
     with  reasonable dispatch.

14.  Reducing Charges for Interruptions.  If deliveries of electric  power
     and energy to the Transferee are suspended, interrupted, interfered with
     or curtailed due to Uncontrollable Forces on either the Transferee's
     System or Transferor's System, or if the Transferor interrupts or
     reduces deliveries to the Transferee for any of the reasons stated in
     section 12 hereof, the credit in the exchange energy account which would
     otherwise be made, or the money compensation which would otherwise be
     paid to the Transferor, shall be appropriately reduced.  No
     interruption, or equivalent interruption, of less than 30 minutes
     duration will be considered for computation of such reduction in
     charges.

15.  Net Billing.  Upon mutual agreement of the parties, payment due one
     Party may be offset against payments due the other party under all
     contracts between the parties hereto for the sale and exchange of
     electric power and energy, use of transmission facilities, operation and
     maintenance of electric facilities, lease of electric facilities, mutual
     supply of emergency and standby electric power and energy, and under
     such other contracts between such parties as the parties may agree,
     unless otherwise provided in existing contracts between the parties.
     Under contracts included in this procedure, all payments due one party
     in any month shall be offset against payments due the other party in
     such month, and the resulting net balance shall be paid to the party in
     whose favor such balance exists unless the latter elects to have such
     balance carried forward to be added to the payments due it in a
     succeeding month.

16.  Average Power Factor.
     (a)  The formula for determining average power factor is as follows:

Average Power Factor =                      Kilowatthours
                       ------------------------------------------------------
                                        2                                  2
                        /(Kilowatthours) + (Reactive Kilovolt-ampere-hours)

          The data used in the above formula shall be obtained from meters
          which are ratcheted to prevent reverse registration.

     (b)  When delivery of electric poster and energy by the Transferor at
          any point is commingled with any other class or classes of power
          and it is impracticable to separately meter the kilowatthours and
          reactive kilovolt-ampere-hours for each class, the average power
          factor of the total delivery of such electric power and energy for
          the month will be used, where applicable, as the power factor for
          each of the separate classes.

      (c)  Except as it is otherwise specifically provided in this contract,
          no adjustment will be made for power factor at any point of
          delivery described in this contract while the varhours delivered at
          such point are not measured.
     (d)  The Transferor may, but shall not be obligated to, deliver electric
          energy hereunder at a power factor of less than 0.85 leading or
          lagging.
17.  Permits.
     (a)  If any equipment or facilities associated with any Point of
          Delivery and belonging to a party to this contract are or are to be
          located on the property of the other party, a permit to install,
          test, maintain, inspect, replace, repair, and operate during the
          term of this contract and to remove such equipment and facilities
          at the expiration of said term, together with the right of entry to
          said property at all reasonable times in such term, is hereby
          granted by the other party.
     (b)  Each party shall have the right at all reasonable times to enter
          the property of the other party for the purpose of reading any and
          all meters mentioned in this contract which are installed on such
          property.
     (c)  If either party is required or permitted to install, test,
          maintain, inspect, replace, repair, remove, or a operate equipment
          on the property of the other, the owner of such property shall
          furnish the other party with accurate drawings and wiring diagrams
          of associated equipment and facilities, or, if such drawings or
          diagrams are not available, shall furnish accurate information
          regarding such equipment or facilities.  The owner of such property
          shall notify the other party of any subsequent modification which
          may affect the duties of the other party in regard to such
          equipment, and furnish the other party with accurate revised
          drawings, if possible.

18.  Ownership of Facilities.
     (a)  Except as otherwise expressly provided, ownership of any and all
          equipment, and of all salvable facilities installed or previously
          installed by a party to this contract on the property of the other
          party shall be and remain in the installing party.
     (b)  Each party shall identify all movable equipment and all other
          salvable facilities which are installed by such party on the
          property of the other by permanently affixing thereto suitable
          markers plainly stating the' name of the owner of the equipment and
          facilities so identified.  Within a reasonable time subsequent to
          initial installation, and subsequent to any modification of such
          installation, representatives of the parties shall jointly prepare
          an itemized list of said movable equipment and facilities.

19.  Adjustment for Change of Conditions.  If changes in conditions hereafter
     occur which substantially affect any factor required by this contract to
     be used in determining (a) any credit in any exchange energy account to
     be made, money compensation to be paid, or amount of electric power and
     energy or losses to be made available to one party by the other party,
     or (b) any maximum replacement demand, or average power factor mentioned
     in this contract, such factor will be changed in an equitable manner
     which will conform to such changes of conditions,  If an increase in the
     capacity of the facilities being used by the Transferor in making
     deliveries hereunder is required at any time after execution of this
     contract to enable the Transferor to make the deliveries herein required
     together with those required for its own operations, the construction or
     installation of additional or other
                                            8

     equipment or facilities for that purpose shall be deemed to be a change
     of conditions within the meaning of the preceding sentence.

     If, pursuant to the terms of the agreement establishing such exchange
     energy account, another rate is substituted for the rate to be used in
     settling the balance in such account, the number of kilowatthours to be
     credited to the Transferor in such account for each month as provided in
     this agreement, shall be changed for each month thereafter to the amount
     computed by multiplying such number of kilowatthours by 2.5 mills and
     dividing the resulting product by the currently effective substituted
     rate in mills per kilowatthour.

20.  Dispute Resolution and Arbitration.
     (a)  Pending resolution of a disputed matter the parties will continue
          performance of their respective obligations pursuant to this
          contract.  If the parties cannot reach timely mutual agreement on
          any matter in the administration of this contract Bonneville shall,
          unless otherwise specifically provided for in subsection (b) below
          and, to the extent necessary for its continued performance, make a
          determination of such matter without prejudice to the rights of the
          other party.  Such determination shall not constitute a waiver of
          any other remedy belonging to the Contractor.

     (b)  The questions of fact stated below shall be subject to arbitration.
          Other questions of fact under this contract may be submitted to
          arbitration upon written mutual agreement of the parties.  The
          party calling for arbitration shall serve notice in writing upon
          the other party, setting forth in detail the question or questions
          to be arbitrated and the arbitrator appointed by such party.  The
          other party shall, within 10 days after the receipt of such notice,
          appoint a second arbitrator, and the two so appointed shall choose
          and appoint a third.  In case such other party fails to appoint an
          arbitrator within said 10 days, or in case the two so appointed
          fail for 10 days to agree upon and appoint a third, the party
          calling for the arbitration, upon 5 days' written notice delivered
          to the other party, shall apply to the person who at the time shall
          be the presiding judge of the United States Court of Appeals for
          the Ninth Circuit for appointment of the second and third
          arbitrator, as the case may be.

          The determination of the question or questions submitted for
          arbitration shall be made by a majority of the arbitrators and
          shall be binding on the parties.  Each party shall pay for the
          services and expenses of the arbitrator appointed by or for it, for
          its own attorney fees, and for compensation for its witnesses or
          consultants.  All other costs incurred in connection with the
          arbitration shall be shared equally by the parties thereto.

          The questions of fact to be determined as provided in this section
          shall be limited to:

          (1)  the determination of the measurements to be made by the
               parties hereto pursuant to section 4;
          (2)  the correction of the measurements to be made pursuant to
               section 7;
                                      9

          (3)  the duration of the interruption or equivalent  interruption
               in section 14;
          (4)  whether changes in conditions mentioned in section 19 have
               occurred;
          (5)  whether the changes mentioned in section 30 were made
               "promptly";
          (6)  whether an increase or decrease in load or change in  load
               factor mentioned in section 32 is unusual;
          (7)  any issue which both parties agree is an issue of  fact
               mentioned in sections 30, 31, and 34;
          (8)  the occurrence of an abnormal nonrecurring demand and the
               amount and time thereof;
          (9)  whether a party has complied with section 34(b); and
         (10)  the acceptable level of harmonics for purposes of section 35.

21.  Contract Work Hours and Safety Standards.  This contract, if and to the
     extent required by applicable law and if not otherwise exempted, is
     subject to the following provisions:

     (a)  Overtime Requirements.  No Contractor or subcontractor contracting
          for any part of the contract work which may require or involve the
          employment of laborers or mechanics, shall require or permit any
          laborer or mechanic in any workweek in which such worker is
          employed on such work to work in excess of 8 hours in any calendar
          day or in excess of 40 hours in such workweek unless such laborer
          or mechanic receives compensation at a rate not less than one and
          one-half times such worker's basic rate of pay for all hours worked
          in excess of eight hours in any calendar day or in excess of 40
          hours in such workweek, as the case may be.

     (b)  Violation; Liability for Unpaid Wages; Liquidated Damages.  In the
          event of any violation of the provisions of subsection (a), the
          Contractor and any subcontractor responsible therefor shall be
          liable to any affected employee for such employee's unpaid wages.
          In addition, such contractor and subcontractor shall be liable to
          the Government for liquidated damages.  Such liquidated damages
          shall be computed with respect to each individual laborer or
          mechanic employed in violation of the provisions of subsection (a)
          in the sum of $10 for each calendar day on which such employee was
          required or permitted to be employed in such work in excess of
          eight hours or in excess of such employee's standard workweek of 40
          hours without payment of the overtime wages required by subsection
          (a) above.

     (c)  Withholding for Unpaid Wages and Liquidated Damages.  Bonneville
          may withhold or cause to be withheld, from any moneys payable on
          account of work performed by the Contractor or subcontractor, such
          sums as may administratively be determined to be necessary to
          satisfy any liabilities of such Contractor or subcontractor for
          unpaid wages and liquidated damages as provided in subsection (b)
          above.

                                     10

     (d)  Subcontracts.  The Contractor shall insert in any subcontracts the
          clauses set forth in subsections (a) through (c) of this provision
          and also a clause requiring the subcontractors to include these
          clauses in any lower tier subcontracts which they may enter into,
          together with a clause requiring this insertion in any further
          subcontracts that may in turn be made.
     (e)  Records.  The Contractor shall maintain payroll  records
          containing the information specified in 29 CFR 516.2(a).  Such
          records shall be preserved for 3 years from the completion of the
          contract.

22.  Convict Labor.  In connection with the performance of work under this
     contract, the Contractor agrees, if and to the extent required by
     applicable law or if not otherwise exempted, not to employ any person
     undergoing sentence of imprisonment except as provided by Public Law 89-
     176, September 10, 1965 (18 U.S.C. 4082(c)(2)) and Executive Order
     11755, December 29, 1973.

23.  Equal Employment Opportunity.  During the performance of this contract,
     if and to the extent required by applicable law or if not otherwise
     exempted, the Contractor agrees as follows:
     (a)  The Contractor will not discriminate against any employee or
          applicant for employment because of race, color, religion, sex, or
          national origin.  The Contractor will take affirmative action to
          ensure that applicants are employed, and that employees are treated
          during employment, without regard to their race, color, religion,
          sex, or national origin.   Such action shall include, but not be
          limited to, the following:  employment, upgrading, demotion or
          transfer; recruitment or recruitment advertising; layoff or
          termination; rates of pay or other forms of compensation; and
          selection for training, including apprenticeship.   The Contractor
          agrees to post in conspicuous places, available to employees and
          applicants for employment, notices to be provided by Bonneville
          setting forth the provisions of the Equal Opportunity clause.
     (b)  The Contractor will, in all solicitations or advertisements for
          employees placed by or on behalf of the Contractor, state that all
          qualified applicants will receive consideration for employment
          without regard to race, color, religion, sex, or national origin.
     (c)  The Contractor will send to each labor union or representative of
          workers with which said Contractor has a  collective  bargaining
          agreement  or other contract or understanding, a notice, to be
          provided by Bonneville, advising the labor union or worker's
          representative of the Contractor's commitments under this Equal
          Opportunity clause and shall post  copies of the notice in
          conspicuous places available to employees and applicants for
          employment.
     (d)  The Contractor will comply with all provisions of Executive Order
          No. 11246 of September 24, 1965, and of the rules, regulations, and
          relevant orders of the Secretary of Labor.
     (e)  The Contractor will furnish all information  and  reports  required
          by Executive Order No. 11246 of September 24, 1965, and by the
          rules, regulations, and relevant orders of the Secretary of Labor,
          or pursuant

                                     11

          thereto, and will permit access to said Contractor's books,
          records, and accounts by Bonneville and the Secretary of Labor for
          purposes of investigations to ascertain compliance with such rules,
          regulations, and orders.
     (f)  In the event of the Contractor's noncompliance with the Equal
          Opportunity clause of this contract or with any of such rules,
          regulations, or orders, this contract may be cancelled, terminated,
          or suspended in whole or in part and the Contractor may be declared
          ineligible for further Government contracts in accordance with
          procedures authorized in Executive Order No. 11246 of September 24,
          1965, and such other sanctions may be imposed and remedies invoked
          as provided in Executive Order No. 11246 of September 24, 1965, or
          by rule. regulation, or order of the Secretary of Labor, or as
          otherwise provided by law.
     (g)  The Contractor will include the provisions of paragraphs (a)
          through (f) in every subcontract or purchase order unless exempted
          by rules, regulations, or orders of the Secretary of Labor issued
          pursuant to Section 204 of Executive Order No. 11246 of September
          24, 1965, so that such provisions will be binding upon each
          subcontractor or vendor.  The Contractor will take such action with
          respect to any subcontract or purchase order as Bonneville may
          direct as a means of enforcing such provisions, including sanctions
          for noncompliance.  In the event the Contractor becomes involved
          in, or is threatened with, litigation with a subcontractor or
          vendor as a result of such direction by Bonneville, the Contractor
          may request the Government to enter into such litigation to protect
          the interests of the Government.
          
24.  Additional Provisions.  The Contractor agrees to comply with the clauses
     for Government contracts contained in the following statutes, Executive
     Orders, and regulations to the extent applicable:

     (a)  the Rehabilitation Act of 1973, Public Law 93-112, as amended, and
          41 CFR 60-741 (affirmative action for handicapped workers);
     (b)  the Vietnam Era Veterans Readjustment Assistance Act of 1974,
          Public Law 92-540, as amended, and 41 CFR 60-250 (affirmative
          action for disabled veterans and veterans of the Vietnam era);
     (c)  Executive Order 11625 and 41 CFR 1-1.1310-2 (utilization of
          minority business enterprises);
     (d)  the Small Business Act, as amended.

25.  Reports.  The other party to this contract will furnish Bonneville such
     information as is necessary for making any computation required for the
     purposes of this contract, and the parties will cooperate in exchanging
     such additional information as may be reasonably useful for their
     respective operations.

26.  Assignment of Contract.  This contract shall inure to the benefit of,
     and shall be binding upon the respective successors and assigns of the
     parties to this contract.  Such contract or any interest therein shall
     not be transferred or assigned by either party to any party other than
     the Government or an agency thereof without the written consent of the
     other except as

                                     12

     specifically provided in this section. The consent of Bonneville is
     hereby given to any security assignment or other like financing
     instrument which may be required under terms of any mortgage, trust,
     security agreement or holder of such instrument of indebtedness made by
     and between the Contractor and any mortgagee, trustee, secured party,
     subsidiary of the Contractor or holder of such instrument of
     indebtedness, as security for bonds of other indebtedness of such
     Contractor, present or future; such mortgagee, trustee, secured party,
     subsidiary, or holder may realize upon such security in foreclosure or
     other suitable proceedings, and succeed to all right, title, and
     interests of such Contractor.
27.  Waiver of Default.  Any waiver at any time by any party to this contract
     of its rights with respect to any default of any other party thereto, or
     with respect to any other matter arising in connection with such
     contract, shall not be considered a waiver with respect to any
     subsequent default or matter.
28.  Notices and Computation of Time.  Any notice required by this contract
     to be given to any party shall-be effective when it is received by such
     party, and in computing any period of time from such notice, such period
     shall commence at 2400 hours on the date of receipt of such notice.
29.  Interest of Member of Congress.  No Member of, or Delegate to Congress,
     or Resident Commissioner shall be admitted to any share or part of this
     contract or to any benefit that may arise therefrom, but  this provision
     shall not be construed to extend to this contract if made with a
     corporation for its general benefit.

           APPLICABLE ONLY IF TRANSFEREE IS A PARTY TO THIS CONTRACT
30.  Balancing Phase Demands.  If required by the Transferor at  any  time
     during the term of this contract, the Transferee shall promptly make
     such changes as are necessary on its system to balance the phase
     currents at any Point of Delivery so that the current of any one phase
     shall not exceed the current on any other phase at such point by more
     than 10 percent.
31.  Adjustment for Unbalanced Phase Demands.  If the Transferee fails to
     promptly make the changes mentioned in section 30, the Transferor may,
     after giving written-notice one month in advance, determine that the
     Measured Demand of the Transferee at the Point of Delivery in question
     during each month thereafter, until such changes are made, is equal to
     the product obtained by multiplying by three the largest of the
     Integrated Demands on any phase adjusted as appropriate to such point
     during such month.
32.  Changes in Requirements or Characteristics. The Transferee will,
     Whenever possible, give reasonable notice to the transferor of any
     unusual increase or decrease of its demands for electric power and
     energy on the Transferor's system, or of any unusual change in the load-
     factor or power factor at which the Transferee will take delivery of
     electric power and energy under this contract.
33.  Inspection of Facilities.  Each party may for any reasonable purpose
     under this contract inspect the other party's electric installation at
     any reasonable time.  Such inspection, or failure to inspect, shall not
     render

                                     13


     such party its officers, agents, or employees, liable or responsible for
     any injury, loss, damage, or accident resulting from defects in such
     electric installation, or for violation of this contract.  The
     inspecting party shall observe written instructions and rules posted in
     facilities and such other necessary instructions or standards for
     inspection as the parties agree to.  Only those electric installations
     used in complying with the terms of this contract shall be subject to
     inspection.

34.  Electric Disturbances.

     (a)  For the purposes of this section, an electric disturbance is any
          sudden, unexpected, changed, or abnormal electric condition
          occurring  in  or  on an electric system which causes damage.

     (b)  Each party shall design, construct, operate, maintain and use its
         electric system in conformance with accepted utility practices:

          (1)  to minimize electric disturbances such as, but not limited
               to, the abnormal flow of power which may damage or interfere
               with the electric system of the other party or any electric
               system connected with such other party's electric system; and
          (2)  to minimize the effect on its electric system and on its
               customers of electric disturbances originating on its own or
               another electric system.

     (c)  If both parties to this contract are parties to the Western
          Interconnected Electric System Agreement, their relationship with
          respect  to system damages shall be governed by that Agreement.

     (d)  During such time as a party to this contract is not a party to the
          Agreement Limiting Liability Among Western Interconnected Systems,
          its relations with the other party with respect to system damages
          shall be governed by the following sentence, notwithstanding the
          fact that the other party may be a party to said Agreement Limiting
          Liability Among Western Interconnected Systems.  A party to this
          contract shall not be liable to the other party for damage to the
          other party's system or facilities caused by an electric
          disturbance on the first party's system, whether or not such
          electric disturbance is the result of negligence by the first
          party, if the other party has failed to fulfill its obligations
          under subsection (b)(2) above.

     (e)  If one of the parties to this contract is not a party to the
          Agreement Limiting Liability Among Western Interconnected Systems,
          each party to this contract shall hold harmless and indemnify the
          other party, its officers and employees, from any claims for loss,
          injury, or damage suffered by those to whom the first party
          delivers power not for resale, which loss, injury or damage is
          caused by an electric disturbance on  the other party's system,
          whether or not such electric disturbance results  from the
          negligence of such other party, if such first party has failed to
          fulfill its obligations under subsection (b)(2) above, and such
          failure contributed to the loss, injury or damage.

                                     14

     (f)  Nothing in this section shall be construed to create any duty to,
          any standard of care with reference to, or any liability to any
          person not a party to this contract.

35.  Harmonic Control.  Each party shall design, construct, operate, maintain
     and use its electric facilities in accordance with good engineering
     practices to reduce to acceptable levels the harmonic currents and
     voltages which pass into the other party's facilities.  Harmonic
     reductions shall be accomplished with equipment which is specifically
     designed and permanently operated and maintained as an integral part of
     the facilities of the party which owns the system on which harmonics are
     generated.

          APPLICABLE ONLY IF TRANSFEREE IS NOT A PARTY TO THIS CONTRACT

36.  Protection of the Transferor.  Protection is or will be afforded to
     Bonneville or its Transferor under such of the following provisions and
     conditions as are specified in each contract executed or to be executed
     by Bonneville and each third party Transferee named in this contract:
     the power factor clause of the applicable Bonneville Wholesale Rate
     Schedule and the subject matter set forth in the General Contract
     Provisions under the following titles, namely:

     Adjustment for Unbalanced Phase Demands; Uncontrollable Forces;
     Continuity of Service; Changes in Demands or Characteristics; Electric
     Disturbances; Harmonic Control; Balancing Phase Demands; Permits;
     Ownership of Facilities; and Inspection of Facilities.

           RELATING TO RURAL ELECTRIFICATION ADMINISTRATION BORROWERS

37.  Approval of Contract.  If the Contractor borrows from the Rural
     Electrification Administration or any other entity under an indenture
     which requires the lender's approval of contracts, this contract and any
     amendment thereto shall not be binding on the  parties thereto if they
     are not approved by the Rural Electrification Administration or such
     other entity.  The Contractor shall notify Bonneville of any such
     entity.  If approval is given, such contract or amendment shall be
     effective at the time stated therein.

                 APPLICABLE ONLY IF BONNEVILLE IS THE TRANSFEROR

38.  Equitable Adjustment of Rates.

     (a)  Bonneville shall establish, periodically review and revise rates
          for the wheeling of electric power and/or energy pursuant to the
          terms of this contract.  Such rates shall be established in
          accordance with  applicable law.
     (b)  As used in this section. the words "Rate Adjustment Date" shall
          mean any date specified by Bonneville in a notice of intent to file
          revised rates as published in the Federal Register; provided
          however, that such date shall not occur sooner than (1) nine months
          from the date that such notice of intent is published; or (2)
          twelve months from any previous Rate Adjustment Date.  By giving
          written notice to the Contractor 45 days prior to such Rate
          Adjustment Date, Bonneville may delay such Rate Adjustment Date for
          up to 90 days if Bonneville determines either that the revenue
          level of the proposed rates

                                     15

          differs by more than five percent from the revenue requirements
          indicated  by most recent repayment studies entered in the hearings
          record or that  external events beyond Bonneville's control will
          prevent Bonneville from meeting such Rate Adjustment Date.
          Bonneville may cancel a notice of intent to file revised rates at
          any time (1) by written notice to the Contractor; or (2) by
          publishing in the Federal Register a new notice of intent to file
          revised rates which specifically cancels a previous notice.

     (c)  The Contractor shall pay Bonneville for the service made available
          under this contract during the period commencing on each Rate
          Adjustment Date and ending at the beginning of the next Rate
          Adjustment Date at the rate specified in any rate schedule
          available at the beginning of such period  for service of the
          class, quality, and type provided for in this contract, and  in
          accordance with the terms thereof, and of the General Transmission
          Rate Schedule Provisions, if any, as changed with, incorporated in
          or referred  to in such rate schedule.  New rates shall not be
          effective on any Rate Adjustment Date unless they have been
          approved on a final or interim bases  by a governmental agency
          designated by law to approve Bonneville's rates.  Rates shall be
          applied in accordance with the terms thereof, the General
          Transmission Rate Schedule Provisions as changed with, incorporated
          in or referred to in such rate schedule and the terms of this
          contract.

(WP-PKJ-0222f)

                                                      Exhibit C, Page 1 of 11
                                               Contract No. DE-MS79-94BP93947
                                            Puget Sound Power & Light Company
                                              Effective on the Effective Date

                            TRANSMISSION PARAMETERS

A.  Points Of Integration, Transmission Demands, Resources, And Use-Of
    Facilities Charges
                                                                 Use-of-
                                                                 Facilities
                                   Transmission  Sources to      Charge
Point of Integration (Voltage)     Demand (kW)   be Integrated   $/kW/mo.
- --------------------------------   ------------  -------------   ----------
1.  C.W. Paul Substation (500kV)     173,000     Electric Output      0
                                                 Centralia(1)

2.  Garrison Substation (500 kV)     466,000(2)  Electric Output      0
                                                 of Colstrip
                                                 Nos. 1-4(2)

3.  Garrison Substation (230 kV)      94,000     Electric Output      0
                                                 of Colstrip
                                                 No. 4(3)

4.  John Day Substation (500 kV)     300,000     Any Electric Power   0
                                                 transmitted over
                                                 the PNW AC Intertie
                                                 pursuant to the
                                                 Capacity Ownership
                                                 Agreement

Total Transmission Demand          1,033,000

(1)  The Transmission Demand with respect to this Resource shall be reduced
     to 100,000 kW on the effective date of the  197 MW (or lesser amount) of
     incremental Transmission Demand specified in footnote 2 below.
     Bonneville shall integrate at the C. W. Paul Substation Point of
     Integration, in an amount up to the Transmission Demand with respect to
     such Point of Integration, shares of the Centralia Project Electric
     Power acquired by Puget from other entities.  Bonneville shall integrate
     such Electric Power on the same basis that Bonneville integrates
     Electric Power from the Company's ownership share of the Centralia
     Project.
(2)  Bonneville shall integrate at the Garrison Substation Point of
     Integration in an amount up to the Transmission Demand,  Electric Power
     from Colstrip 1, 2, 3, and 4 acquired by Puget.  Bonneville shall
     integrate at the Garrison Substation Point of Integration in an amount
     up to the Transmission Demand with respect to such Point of Integration,
     Electric Power from other resources, unless Bonneville determines that
     Electric Power from such other resources cannot be integrated due to
     Operational Constraints. Bonneville shall integrate such Electric Power
     on the same basis that Bonneville is obligated to integrate Electric
     Power from the Company's Colstrip ownership share.  This provision does
     not increase or decrease any rights that the Company has pursuant  to
     Contract  No. DE-MS79-81BP90210 (Montana Intertie Agreement).

(2)  (cont'd):
      In consideration of the Company's maintaining in effect with The
     Washington Water Power Company (WWP) until November 30, 1998, the
     Exchange  Agreement, as amended or replaced, pursuant to which  the
     Company  exchanges 197 MW of its Colstrip Project generation for 197 MW
     of WWP's Centralia Project generation, Bonneville shall provide the
     Company beginning December 1, 1998, with a right to 197 MW of East-to-
     West incremental firm

                                                      Exhibit C, Page 2 of 11
                                               Contract No. DE-MS79-94BP93947
                                            Puget Sound Power & Light Company
                                              Effective on the Effective Date



      transmission service. At such time that the Company exercises such
     right, a Transmission Demand in the amount of 197 MW, or a lesser amount
     if so requested by the Company, shall be added to this Exhibit C, Part
     A. with respect to the Garrison Substation Point of Integration.  To the
     extent of such Transmission Demand, Bonneville shall provide
     transmission service under this Agreement from the Garrison Substation
     Point of Integration to one or more of the Points of Delivery.  The
     Company's right as provided for in this paragraph shall terminate if not
     exercised prior to November 30, 2000, or a later date determined by
     Bonneville. If the Company does not maintain in effect until November
     30, 1998, the Exchange Agreement with WWP pursuant to which the Company
     exchanges 197 MW of its Colstrip Project generation for 197MW of WWP's
     Centralia Project generation, then upon the Company's request a
     Transmission Demand in the amount of 197 MW, or a lesser amount if so
     requested by the Company, shall be added to Exhibit C, Part A, with
     respect to the Garrison Substation Point of Integration; provided,
     however, that to the extent the transmission service Bonneville provides
     to the Company with respect to such 197 MW must be curtailed due to
     Operational Constraints, the Company shall receive a pro rata reduction
     in Demand Charge, and the Company shall not be assessed charges for
     energy pursuant to the Integration of Resources Transmission Rate
     Schedule (IR-93), or its successor rate schedule. If and to the extent
     the Company contracts with WWP to provide access across the "West-of-
     Hatwai Cutplane" (as defined in footnote 3 below), the Company will he
     assessed losses as if such Electric Power had flowed on the FCRTS;
     provided, that, notwithstanding the foregoing, Bonneville shall deliver
     on a firm basis to one or more Points of Delivery such 197 MW of
     Electric Power (or any lesser amount) as may be scheduled by the
     Company.

(3)  If this Resource (94 MW Colstrip 4 purchase from Montana) cannot be made
     available to Bonneville due solely because of (i) Operational
     Constraints, including, without limitation, Western System Coordinating
     Council scheduling requirements. involving the West-of-Hatwai Cutplane,
     which do not involve an outage of transmission facilities (ii)
     suspension or interruption of, or interference with, the operation of
     the FCRTS, or (iii) both, and it is within Bonneville's capability to do
     so without adversely affecting performance of its existing obligations
     on the Effective Date, then Bonneville shall, if requested by the
     Company, make replacement Electric Power available to the Company equal
     to the amount of-such Resource the Company would have otherwise made
     available to Bonneville at the Garrison Substation Point of Integration
     and the Company shall at Bonneville's option: (1) reimburse Bonneville
     at Bonneville's Nonfirm Energy rate or Surplus Firm Energy rate when
     Bonneville is selling such energy; or (2) return replacement Electric
     Power 168 hours later or at a time and place agreed upon by Bonneville
     and the Company, or (3) reimburse Bonneville for Bonneville's costs to
     obtain replacement Electric Power from third parties including
     associated wheeling and administrative fees. If Bonneville is unable to
     make replacement Electric Power available, then transmission services
     for this Resource under this Agreement shall be curtailed before any
     other firm wheeling contracts executed prior to the effective date of
     Contract No. DE-MS79-92BP93741, as amended or replaced, with the
     exception of Bonneville's Electric Power purchase from Basin Electric
     Power Cooperative (Basin). "West-of-Hatwai Cutplane" means the parallel
     transmission facilities consisting of the following transmission lines
     and facilities, Grand Coulee-Bell 230 kV lines 3 and 5, Grand Coulee-
     Bell 115 kV lines 1 and 2, Grand Coulee-Westside 230 kV line, Hatwai-
     Lower Granite 500 kV line, Hatwai-Lolo 230 kV line, Lind-Warden 115 kV
     line, Lolo 230/115 kV Transformer #1 and #2. Harrington-Odessa 115 kV
     line, Dry Gulch Transformer 115/69 kV, North Lewiston-Walla Walla 230 kV
     line, and the North Lewiston-Walla Walla 115 kV line which connect two
     areas of a power system. The provisions set forth in this footnote shall
     be void and of no force or effect after November 30, 1998.

                                                      Exhibit C, Page 3 of 11
                                               Contract No. DE-MS79-94BP93947
                                            Puget Sound Power & Light Company
                                              Effective on the Effective Date
B.    Points of Delivery and Use Limits

           Point  of Delivery                            Use Limit
        -----------------------                       --------------
               (Voltage)                                   (kW)(1)

       Christopher Tap 230 kV                            450,000 kW
       Covington Substation 230 kV                       880,000 kW (2)
       Custer Substation 230 kV                          475,000 kW (3)(8)
       Maple Valley Substation 230 kV                  1,570,000 kW
       Monroe Substation 230 kV                          430,000 kW (4)
       Sedro Woolly Substation 230 kV                    125,000 kW (8)
       White River Substation 230 kV                     170,000 kW
       Big Eddy Substation 230 kV (5)
       John Day Substation 500 kV                        400,000 kW (6)
       Fairmount Substation 69 kV                         60,000 kW (7)
           (115 kV upon installation and
           energization of 115 kV facilities)
       Kitsap Substation 115 kV                          410,000 kW
       Olympia Substation 115 kV                         270,000 kW
       Bellingham Substation 115 kV                      100,000 kW (8)
       Beverly Park Substation 115 kV                     50,000 kW
       C. W. Paul Substation 500 kV                      280,000 kW
       Sedro Woolley Tap 230 kV                          265,000 kW (9)


     (1)  Use Limits may be developed based on the rating of the
          Government's limiting facility at each Point of Delivery.  These
          values are determined based on (A) the rating of the Bonneville
          facilities at the Point of Delivery, and (B) an allocation of such
          rating between (i) the Company's Use Limit under this Agreement at
          such Point of Delivery (including but not limited to any requested
          increases in such Use Limit) and (ii) other Bonneville uses but
          these values shall in any event, if requested by the Company in
          writing pursuant to this footnote be not less than the sum of
          contract demands at such Point of Delivery.  Each numerical Use
          Limit set forth above indicates that for the Point of Delivery
          opposite such numerical Use Limit there is a limit (equal to such
          Use Limit) to the rate of delivery on a firm basis at such Point of
          Delivery that is available to the Company under this Agreement.
          The Company's Use Limit under this Agreement at any Point of
          Delivery may be increased pursuant to the provisions of section
          10(d).  The Use Limit under this Agreement at a Point of Delivery
          shall be decreased upon written request of the Company.  Bonneville
          shall not unilaterally decrease any Use Limit.  In the event it is
          determined that the total deliveries by Bonneville pursuant to all
          agreements between the Company and Bonneville which require
          deliveries of Electric Power to be made at a specific Point of
          Delivery may exceed the Use Limit for that Point of Delivery, and
          joint studies indicate a need for reinforcement, Bonneville and the
          Company will conduct and conclude the joint discussions described
          in section 10(d) within 6 months of the above determination, and
          implement any resulting plan as soon as is reasonably practicable.
          Under no circumstances, and notwithstanding anything to the
          contrary set forth in this Agreement, shall Use Limits, without the
          Company's prior written consent, be less than the transmission
          demands in effect under the Prior Agreements immediately prior to
          their termination pursuant to section 2(a).

                                                      Exhibit C, Page 4 of 11
                                               Contract No. DE-MS79-94BP93947
                                            Puget Sound Power & Light Company
                                              Effective on the Effective Date





     (2)  The Use Limit with respect to the Covington Substation Point of
          Delivery includes the Use Limits for the Christopher Tap and White
          River Substation Points of Delivery.
     
     (3)  The Use Limit with respect to the Custer Substation Point of
          Delivery includes the Use Limits for the Bellingham Substation and
          Sedro Woolley Substation Points of Delivery, and includes
          deliveries to Portal Way.
     
     (4)  The Use Limit with respect to the Monroe Substation Point of
          Delivery includes the Use Limits for the Sedro Woolley Tap and
          Beverly Park Substation Points of Delivery.
     
     (5)  Nothing in this Agreement or the Capacity Ownership Agreement
          provides the Company with rights to use the DC Intertie.
          Deliveries at this Point of Delivery are subject to available
          transmission capacity and any nonfirm rights the Company has on an
          hour to wheel Electric Power over the DC Intertie.
     
     (6)  If the megawatt amount of the capability of the PNW AC Intertie to
          which the Company is entitled pursuant to the Capacity Ownership
          Agreement is at any time increased or reduced, the Use Limit with
          respect to the John Day Substation Point of Delivery shall be
          concurrently increased or reduced by a megawatt amount equal to
          such increase or reduction with respect to the PNW AC Intertie upon
          prior written notice of such increase or reduction by the Company
          to Bonneville.
     
     (7)  The Use Limit with respect to the Fairmount Substation Point of
          Delivery shall be increased to 70,000 kW upon installation and
          energization of 115 kV facilities at Fairmount Substation.
     
     (8)  The Use Limits for the Custer Substation, Sedro Woolley Substation
          and Bellingham Substation Points of Delivery will be adjusted, if
          necessary, to be consistent with the Bellingham Upgrade Northern
          Intertie agreement.
     
     (9)  The Sedro Woolley Tap Point of Delivery is a temporary Point of
          Delivery, pursuant to the terms of Contract  No. 14-03-64431.  The
          provisions of Contract No. 14-03-64431 shall continue to apply to
          this Point of Delivery.
     
                                                      Exhibit C, Page 5 of 11
                                               Contract No. DE-MS79-94BP93947
                                            Puget Sound Power & Light Company
                                              Effective on the Effective Date

C.  Calculation of Charges Pursuant to the UFT-83 Rate Schedule


                                  I&A      I&A    O&M    Sum of Non-
                                 Annual   Annual Annual  Coincidental
      Facility      Investment Cost Ratio Cost   Cost     Demands      $/kW/yr    Demand
      --------      ---------- ---------- ------ ------  ------------  -------    ------
                                                             
None
                                                                       -------    ------

Total UFT Charge =                                                     0.00/kW/yr      kW
                                                                      $0.00/KW/mo


____________________
Unit Charge        =  (I&A Annual Cost) + O&M Annual Cost = $/kW yr
                      ---------------------------------------------
                        Sum of Non-Coincidental Demands

Monthly Charge     =  ($/kW yr) (Project Demand)          = $/mo.
                      --------------------------
                               12 Months



                                                      Exhibit C, Page 6 of 11
                                               Contract No. DE-MS79-94BP93947
                                            Puget Sound Power & Light Company
                                              Effective on the Effective Date


D.   Description of Points of Integration and Points of Delivery

     Note: These are definitions only.  Designations of these points as
          either Points of Integration or Points of Delivery are in Part A
          or Part B of this exhibit.
     
     1.    Big Eddy Substation
     
           Location:  the points in the Government's Big Eddy Substation
          where the line terminals of the Government's Celilo Converter
          Station are connected to the 230 kV bus.
     
           Voltage:  230 kV.
     
     2.    C.W. Paul Substation
     
           Location:  the points in the Government's C.W. Paul Substation
          where the 500 kV  facilities of the Government and the Centralia
          Thermal Project are connected;
     
           Voltage:  500 kV,
     
           Metering:  at the Centralia Thermal Project, in the 20 kV circuits
          over which Electric Power flows.
     
           Exception:  There shall be an adjustment for losses between the
          Point of Integration and the metering point.
     
     3.    Christopher Tap
     
           Location:  the point on the Government's Covington-Tacoma 230 kV
          circuit over which Electric Power flows;
     
           Voltage:  230 kV;
     
           Metering:  in the Company's O'Brien Substation, in the 230 kV
          circuit over which Electric Power flows;
     
           Exception:  there shall be an adjustment for losses between the
          Point of Delivery and the point of metering.
     
      4.  Covington Substation
     
          Location:  the point in the Government's Covington Substation where
          the 230 kV facilities of the parties hereto are connected;
     
                                                      Exhibit C, Page 7 of 11
                                               Contract No. DE-MS79-94BP93947
                                            Puget Sound Power & Light Company
                                              Effective on the Effective Date


          Voltage: 230 kV;
     
          Metering:  in the Government's Covington Substation in the 230 kV
          circuit over which Electric Power flows;
     
          Exception:  the integrated demands at the Covington and White River
          Point of Delivery's are totaled.
     
     5.   Custer Substation
     
          Location:  the point in the Government's Custer Substation in the
          230 kV facilities of the Parties hereto are connected;
     
          Voltage: 230 kV;
     
          Metering:  in the Government's Custer Substation in the 230 kV
          circuits over which Electric Power flows.
     
     6.   Garrison Substation
     
          Location:  the points in the Government's Garrison Substation where
          the line terminals of the Garrison-Townsend transmission lines are
          connected to the 500 kV bus;
     
          Voltage:  500 kV;
     
          Metering:  in the Government's Garrison Substation in the 500 kV
          circuits over which Electric Power flows.
     
     7.   John Day Substation
     
          Location:  the points in the Government's John Day Substation where
          the line terminals of the Southern Intertie are connected to the
          500 kV bus;
     
          Voltage:  500 kV.
     
     8.   Maple Valley Substation
     
          Location:  the points in the Government's Maple Valley Substation
          where the 230 kV facilities of the Parties hereto are connected;
     
          Voltage:  230 kV;
     
          Metering:  in the Government's Maple Valley Substation, in the 230
          kV circuits over which Electric Power flows.
     
                                                      Exhibit C, Page 8 of 11
                                               Contract No. DE-MS79-94BP93947
                                            Puget Sound Power & Light Company
                                              Effective on the Effective Date
     
     
     
     9.   Monroe Substation
     
          Location:  the point in the Government's Monroe Substation where
          the Monroe-Sammamish No. 1 Line is connected;
     
          Voltage:  230 kV;
     
          Metering:  in the Company's Sammamish Substation, in the 230 kV
          circuits over which Electric Power flows; until such time as the
          Government's Sno-King tap is disconnected from the Monroe-Sammamish
          No. 1 Line and thereafter in the Government's Monroe Substation, in
          the 230 kV circuit over which such Electric Power will flow;
     
          Exceptions:  there shall be an adjustment for losses between the
          Point of Delivery and the metering point.
     
     10.  Sedro Woolley Substation
     
          Location:  the point at Structure No. 26/7 of the Government's
          Murray-Bellingham 230 kV Line where the facilities of the Parties
          hereto are connected;
     
          Voltage:  230 kV;
     
          Metering:  in the Company's Sedro Woolley Substation, in the 230 kV
          circuits over which Electric Power flows;
     
          Exceptions:  the current and potential transformers are owned by
          Puget.
     
     11.  White River Substation
     
          Location:  the points in the Company's White River Substation where
          the 230 kV facilities of the Government and the Company are
          interconnected;
     
          Voltage:  230 kV;
     
                                                      Exhibit C, Page 9 of 11
                                               Contract No. DE-MS79-94BP93947
                                            Puget Sound Power & Light Company
                                              Effective on the Effective Date


     Metering:
     
          (1)  the Government's Covington-White River No. 1 Line is metered
               at the Government's Covington Substation in the 230 kV
               circuits over which Electric Power flows;
     
          (2)  the Government's Olympia-White River No. 1 Line is metered in
               the Company's White River Substation in the 230 kV circuits
               over which Electric Power flows;
     
      Exception:  there shall be an adjustment for losses between metering
          point (1) above, and the Point of Delivery.
     
     12.  (a) Fairmount Substation
     
          Location:  the point in the Government's Fairmount Substation where
          the 69 kV facilities (115 kV upon installation and energization) of
          the Parties are connected;
     
          Voltage:  69 kV (115 kV upon installation and energization of such
          facilities );
     
          Metering:  in the Government's Fairmount Substation. in the 69 kV
          circuits (115 kV circuit upon installation and energization) over
          which Electric Power flows.
     
          (b) Fairmount Substation
     
          Location:  the point in the Government's Fairmount Substation where
          the 69 kV facilities of Public Utility District No. 1 of Clallam
          County, Washington, and the Government are connected;
     
          Voltage:  69 kV;
     
          Metering:  in the Company's Discovery Bay Substation, in the 12.5
          kV circuits over which Electric Power is distributed by the
          Company;
     
          Exception: there shall be an adjustment for losses between the
          Point of Delivery and the metering point.
     
     13. Kitsap Substation
     
          Location:  the points in the Government's Kitsap Substation where
          the 115 kV facilities of the Parties hereto are connected;
     
          Voltage: 115 kV;
     
                                                     Exhibit C, Page 10 of 11
                                               Contract No. DE-MS79-94BP93947
                                            Puget Sound Power & Light Company
                                              Effective on the Effective Date

     
     
          Metering:  in the Government's Kitsap Substation, in the 115 kV
          circuits over which Electric Power flows.
     
     14.  Olympia Substation
     
          Location:  the point in the Government's Olympia Substation where
          the 115 kV facilities of the Parties are connected;
     
          Voltage:  115 kV;
     
          Metering:  in the Government's Olympia Substation, in the 115 kV
          circuits over which Electric Power flows.
     
     15.  Bellingham Substation
     
          Location:  the point in the Government's Bellingham Substation
          where the 115 kV facilities of the Parties are connected;
     
          Voltage:  115 kV;
     
          Metering: in the Government's Bellingham Substation, in the 115 kV
          circuits over which Electric Power flows.
     
     16.  Beverly Park Substation
     
          Location:  the point in Snohomish's Beverly Park Substation where
          the 115 kV facilities of the Government and Snohomish are
          connected;
     
          Voltage:  115 kV;
     
          Metering:  in Snohomish's Beverly Park Substation, in the 115 kV
          circuits over which Electric Power flows.
     
     17.  C. W. Paul Substation
     
          Location:  the point in the Government's C.W. Paul Substation where
          the 500 kV facilities of the Parties are connected;
     
          Voltage:  500 kV;
     
          Metering:  in the Company's Tono Substation, in the 115 kV circuits
          over which Electric Power flows;

                                                     Exhibit C, Page 11 of 11
                                               Contract No. DE-MS79-94BP93947
                                            Puget Sound Power & Light Company
                                              Effective on the Effective Date

     
          Exception:  there shall be an adjustment for losses between the
          Point of Delivery and the metering point.
     
     18.  Sedro Woolley Tap
     
          Location:  the point at structure 5/2 at the Sedro Woolley Tap to
          the Monroe-Snohomish Line No. 1 where the 230 kV facilities of the
          Parties are connected,
     
          Voltage:  230 kV;
     
          Metering:  in the Company's Sedro Woolley Substation, in the 230 kV
          circuits over which Electric Power flows;
     
          Exception:  there shall be an adjustment for losses between the
          Point of Delivery and the metering point.
     
     
PMLAN-MPSM-W:\PMT\CT\93947\EXC.DOC))

                                                       Exhibit D, Page 1 of 1
                                               Contract No. DE-MS79-94BP93947
                                            Puget Sound Power & Light Company
                                              Effective on the Effective Date


                           TRANSMISSION LOSS FACTORS
                           -------------------------


A.   Transmission Loss Factor to be Applied to Transmission Pursuant to the
     Integration of Resources (IR) Rate Schedule.

               Rate                                   Loss
             Schedule                                Factor
             --------                                ------

              IR-93                                   1.6%(1)



B.   Transmission Loss Factor to be Applied to Transmission Pursuant to the
     Energy Transmission (ET) Rate Schedule.

               Rate                                   Loss
             Schedule                                Factor
             --------                                ------

              ET-93                                   1.6%(1)




- ------------------------------------------

(1)  Bonneville reserves the right to change the Loss Factor in accordance
with section 9(b).




(PMLAN-PMT-W:\PMT\CT\93947\ExD.DOC)