6.10.9.2.1NextEra Energy Transmission New York, Inc. Formula Rate Template

Index

Rate Formula Template

Utilizing FERC Form 1 Data

NextEra Energy Transmission New York, Inc.

Appendix AMain body of the Formula Rate
Attachment 1 Detail of the Revenue Credits

Projected Annual Transmission Revenue Requirement
For the 12 months ended 12/31/____

Attachment 2Monthly Plant and Accumulated Depreciation balances

Attachment 3Cost Support Detail

Attachment 4Calculations showing the revenue requirement by Investment, including any Incentives,

Attachment 5True-Up calculations

Attachment 6a-6eDetail of the Accumulated Deferred Income Tax Balances

Attachment 7Depreciation Rates

Attachment 8Workpapers

Appendix A
Page 1 of 5

Formula Rate - Non-LevelizedRate Formula Template

Utilizing FERC Form 1 DataProjected Annual Transmission Revenue Requirement

For the 12 months ended 12/31/____

NextEra Energy Transmission New York, Inc.

(1)(2)(3)

LineAllocated

No.Amount

1GROSS REVENUE REQUIREMENT(page 3, line 78)12 months$-

REVENUE CREDITSTotalAllocator

2Total Revenue CreditsAttachment 1, line 6-TP--

3Net Revenue Requirement(line 1 minus line 2)-

4True-up Adjustment(Attachment 5, line 3, col. G)-DA1.00000-

5NET ADJUSTED REVENUE REQUIREMENT(line 3 plus line 4)$-

Appendix A
Page 2 of 5

Formula Rate - Non-LevelizedRate Formula Template

Utilizing FERC Form 1 Data

For the 12 months ended 12/31/____

NextEra Energy Transmission New York, Inc.

(1)(2)(3)(4)(5)

Transmission

LineSourceCompany TotalAllocator(Col 3 times Col 4)

No.RATE BASE:

GROSS PLANT IN SERVICE (Note M)

6Production(Attach 2, line 75)-NA--

7Transmission(Attach 2, line 15)-TP--

8Distribution(Attach 2, line 30)-NA--

9General & Intangible(Attach 2, lines 45 + 60)-W/S--

10TOTAL GROSS PLANT (sum lines 6-9)(If line 7>0, GP= line 10 column 5 / line 10 column 3.  If-GP=--

line 7=0, GP=0)

11ACCUMULATED DEPRECIATION & AMORTIZATION  (Note M)

12Production(Attach 2, line 151)-NA--

13Transmission(Attach 2, line 91)-TP--

14Distribution(Attach 2, line 106)-NA--

15General & Intangible(Attach 2, lines 121 + 136-W/S--

16TOTAL ACCUM. DEPRECIATION (sum lines 12-15)--

17NET PLANT IN SERVICE

18Production(line 6- line 12)--

19Transmission(line 7- line 13)--

20Distribution(line 8- line 14)--

21General & Intangible(line 9- line 15)--

22TOTAL NET PLANT (sum lines 18-21)(If line 19>0, NP= line 22, column 5 / line 22, column 3.  If-NP=--

line 19=0, NP=0)

23ADJUSTMENTS TO RATE BASE(Note A)

24ADIT(Attach 6a proj., line 8, Column E or Attach 6e True-up - line 8, column E)-TP--

25Account No. 255 (enter negative) (Note F)(Attach 3, line 153)-NP--

26CWIP(Attach 8, line 8, col.u)-DA1.0000-

26aUnamortized portion of lumpsum lease payment(Note P)-DA1.0000-

27Unfunded Reserves (enter negative)(Attach 3, line 170a, col. h)(Note O)-DA1.0000-

28Unamortized Regulatory Assets(Attach 8, line 2, col. y)(Note L)-DA1.0000-

29Unamortized Abandoned Plant(Attach 8, line 4, col. y) (Note K)-DA1.0000-

30TOTAL ADJUSTMENTS  (sum lines 24-29)--

31LAND HELD FOR FUTURE USE(Attach 8, line 6, column q)-TP--

32WORKING CAPITAL  (Note C)

33CWC(1/8 * (Line 45  less Line 44b)--

34Materials & Supplies  (Note B)(Attach 3, line 189, column C)-TP--

35Prepayments (Account 165 - Note C)(Attach 3, line 170, column B)-GP--

36TOTAL WORKING CAPITAL (sum lines 33-35)--

37RATE BASE  (sum lines 22, 30, 31, & 36)--

Appendix A
Page 3 of 5

Formula Rate - Non-LevelizedRate Formula Template

Utilizing FERC Form 1 Data

For the 12 months ended 12/31/____

NextEra Energy Transmission New York, Inc.

(1)(2)(3)(4)(5)

Transmission

SourceCompany TotalAllocator(Col 3 times Col 4)

38O&M

39Transmission321.112.b-TP=--

40Less Account 565321.96.b-TP=--

41A&G323.197.b-W/S--

42Less EPRI & Reg. Comm. Exp. & Other  Ad.(Note D & Attach 3, line 171, column A)-DA1.0000-

43Plus Transmission Related Reg. Comm.  Exp.(Note D & Attach 3, line 172, column C)-TP=--

44PBOP expense adjustment(Attach 3, line 197, col. b)-TP=--

44aLess Account 566321.97.b-DA1.0000-

44bAmortization of Regulatory Assets(Attach 8, line 2, column h)-DA1.0000-

44cAccount 566 excluding amort. of Reg Assets(line 44a less line 44b)-DA1.0000-

45TOTAL O&M   (sum lines 39, 41, 43, 44, 44b, 44c less lines 40 & 42, 44a) (Note D)--

46DEPRECIATION EXPENSE

47Transmission336.7.f (Note M)-TP--

48General and Intangible336.1.f + 336.10.f (Note M)-W/S--

49Amortization of Abandoned Plant(Attach 3, line 155) (Note K)-DA1.0000-

50TOTAL DEPRECIATION (Sum lines 47-49)--

51TAXES OTHER THAN INCOME TAXES  (Note E)

52LABOR RELATED

53Payroll263._.i (enter FN1 line #)-W/S--

54Highway and vehicle263._.i (enter FN1 line #)-W/S--

55PLANT RELATED

56Property263._.i (enter FN1 line #)-GP--

57Gross Receipts263._.i (enter FN1 line #)-NA--

58Other263._.i (enter FN1 line #)-GP--

59TOTAL OTHER TAXES  (sum lines 53-58)--

60INCOME TAXES(Note F)

61T=1 - {[(1 - SIT) * (1 - FIT)] / (1 - SIT * FIT * p))} =-

62CIT=(T/1-T) * (1-(WCLTD/R)) =-

63where WCLTD=(line 95) and R= (line 98)

64and FIT, SIT, p, & n are as given in footnote F.

651 / (1 - T)  = (T from line 61)-

66Amortized Investment Tax Credit (Attachment 4, line 14)-

67(Excess)/Deficient Deferred Income Taxes (Note Q)(Attach 9, lines 2 & 3, column (b))-

68Permanent Differences, including AFUDC Equity (Note R)(Attach 9, line 1, column (b))-

69Income Tax Calculation(line 62 * line 75)--

70ITC adjustment(line 65 * line 66)-NP--

71(Excess)/Deficient Deferred Income Tax Adjustment(line 65 * line 67)-NP--

72Tax Effect of Permanent Differences Tax Adjustment(line 65 * line 68)-NP--

73Total Income Taxes(Sum lines 69 to 72)--

74RETURN

75[ Rate Base (line 37) * Rate of Return (line 98)]-NA-

76Rev Requirement before Incentive Projects  (sum lines 45, 50, 59, 73, 75)--

77Incentive Return and Income Tax and Competitive Bid Concessions for Projects-DA1.0000-

(Attach 4, line 70, cols. h, j & less p)

78Total Revenue Requirement  (sum lines 76 & 77)--

Appendix A
Page 4 of 5

Formula Rate - Non-LevelizedRate Formula Template

Utilizing FERC Form 1 Data

For the 12 months ended 12/31/____

NextEra Energy Transmission New York, Inc.

SUPPORTING CALCULATIONS AND NOTES

79TRANSMISSION PLANT INCLUDED IN ISO RATES

80Total transmission plant(line 7, column 3)-

81Less transmission plant excluded from ISO rates(Note H)(Attachment 3, line 175)-

82Less transmission plant included in OATT Ancillary Services(Note H)(Attachment 3, line 175)-

83Transmission plant included in ISO rates  (line 80 less lines 81 & 82)-

84Percentage of transmission plant included in ISO Rates (line 83 divided by line 80) [If line 80 equal zero, enter 1)TP=-

85WAGES & SALARY ALLOCATOR   (W&S) (Note I)

86Form 1 Reference$TPAllocation

87Production354.20.b---

88Transmission354.21.b---

89Distribution354.23.b---W&S Allocator

90Other354.24,25,26.b---($ / Allocation)

91Total(sum lines 87-90) [TP equals 1 if there are no wages & salaries]--=-=WS

92RETURN (R)(Note J)

93

94$%CostWeighted

95Long Term Debt(Attach 3, lines 249 & 270) (Note G)----=WCLTD

96Preferred Stock(Attachment 3, lines 251 & 273)----

97Common Stock(Attachment 3, line 257)--9.65%-

98Total(sum lines 95-97)--=R

Development of Base Carrying charge and Summary of Incentive and Non-Incentive Investmen(a)(b)(c)

Non-incentiveIncentive

Investments fromInvestments from

Attachment 4Attachment 4

Source of Total Column(Note N)(Note N)Total

99Net Transmission Plant in Service(Line 19 and Transmission CIACs)---

100CWIP in Rate Base(Line 26)---

101Unamortized Abandoned Plant(Line 29)--

102Project Specific Regulatory Assets(Line 28)--

103Development of Base Carrying charge and Summary of Incentive and Non-Incentive Investments---

104Return and Taxes(Lines 69 & 71)-

105Total Revenue Credits-

106Base Carrying Charge (used in Attach 4, Line 65)(Line 100 - Line 101)/ Line 99-

Appendix A
Page 5 of 5

SUPPORTING CALCULATIONS AND NOTES

Formula Rate - Non-LevelizedRate Formula Template

Utilizing FERC Form 1 Data

For the 12 months ended 12/31/____

NextEra Energy Transmission New York, Inc.

General Note:  References to pages in this formulary rate are indicated as:  (page#, line#, col.#)

References to data from FERC Form 1 are indicated as:#.y.x(page, line, column)

Note

Letter

AThe balances in Accounts 190, 281, 282 and 283, as adjusted by any amounts in contra accounts identified as regulatory assets or liabilities related

to FASB 106 or 109. Balance of Account 255 is reduced by prior flow throughs and excluded if the utility chose

to utilize amortization of tax credits against taxable income as discussed in Note F.  Account 281 is not allocated.

BIdentified in Form 1 as being only transmission related.

CCash Working Capital assigned to transmission is one-eighth of O&M allocated to transmission minus the amortization of any Regulatory Asset.

Prepayments are the electric related prepayments booked to Account No. 165 and reported on Pages 110-111 line 57 in the Form 1 D Line 42 removes EPRI Annual Membership Dues listed in Form 1 at 353._.f (enter FN1 line #),

any  EPRI Lobbying expenses included in line 42 of the template and all Regulatory Commission Expenses itemized at 351.h

Line 42 removes all advertising  included in Account 930.1, except safety, education or out-reach related advertising

Line 42 removes all EEI and EPRI research, development and demonstration expenses and NEET NY will not participate in EEI or EPRI

Line 43 reflects all Regulatory Commission Expenses directly related to transmission service, ISO filings, or transmission siting itemized at 351.h
Line 39 or Line 41 and thus Line 45 shall include any NYISO charges other than penalties, including but not limited to administrative costs.
E Includes only FICA, unemployment, highway, property, gross receipts, and other assessments charged in the current year
Taxes related to income are excluded.  Gross receipts taxes are not included in transmission revenue requirement in the Rate Formula Template,
since they are recovered elsewhere.

F The currently effective income tax rate,  where FIT is the Federal income tax rate; SIT is the State income tax rate, and p =

"the percentage of federal income tax deductible for state income taxes".  If the utility is taxed in more than one state it must attach a
work paper showing the name of each state and how the blended or composite SIT was developed.  Furthermore, a utility that
elected to utilize amortization of tax credits against taxable income, rather than book tax credits to Account No. 255 and reduce

rate base, must reduce its income tax expense by the amount of the Amortized Investment Tax Credit (266.8.f)

multiplied by (1/1-T).  Excess Deferred Income Taxes reduce income tax expense by the amount of the expense multiplied by (1/1-T)

Inputs Required:FIT =-

SIT=-(State Income Tax Rate or Composite SIT from Attach 3)

p =-(percent of federal income tax deductible for state purposes)

For each Rate Year (including both Annual Projections and True-Up Adjustments) the statutory income tax rates utilized in the Formula Rate shall reflect the weighted average rates

actually in effect during the Rate Year.  For example, if the statutory tax rate is 10% from January 1 through June 30, and 5% from July 1 through December 31, such rates would be weighted 181/365 and 184/365, respectively, for a non-leap year.

G Prior to obtaining any debt, the cost of debt will be LIBOR plus 1.5%.  Once any debt is obtained, the formula will use the actual cost of long term debt determined in Attachment 3.  The capital structure will be 60% equity and

40% debt until NextEra Energy Transmission New York, Inc.'s first transmission project enters service, after which the capital structure will be the actual capital structure.  LIBOR refers to the London Inter Bank Offer Rate from the
Federal Reserve Bank of St. Louis's https://fred.stlouisfed.org/. The capital structure and cost of debt will be the weighted for the year if the first debt is obtained or first project is placed into service midyear using the

HRemoves dollar amount of transmission plant included in the development of OATT ancillary services rates and generation

step-up facilities, which are deemed to included in OATT ancillary services.  For these purposes, generation step-up

facilities are those facilities at a generator substation on which there is no through-flow when the generator is shut down

IEnter dollar amounts

JROE will be supported in the original filing and no change in ROE may be made absent a filing with FERC under FPA Section 205 or 206

KRecovery of Regulatory Assets is permitted only for pre-commercial expenses incurred prior to the date when NEET New York may first recover costs under the NYISO Tariff, as authorized by the Commission.  Recovery of any other

regulatory assets (e.g., project specific) requires authorization from the Commission. A carrying charge equal to the weighted cost of capital calculated pursuant to this formula will be applied to the Regulatory Asset prior to the rate year when

costs are first recovered.

LUnamortized Regulatory Assets, consisting of all expenses incurred but not included in CWIP prior to the date the rate is charged to customers, is included at line 28

Carrying costs equal to the weighted cost of capital on the balance of the regulatory asset will accrue until the rate is charged to customers

MBalances exclude Asset Retirement Costs

NNon-incentive investments are investments without ROE incentives and incentive investments are investments with ROE incentives

OUnfunded Reserves are customer contributed capital such as when employee vacation expense is accrued but not yet incurred.  Also, pursuant to Special Instructions to Accounts 228.1 through 228.4,

no amounts shall be credited to accounts 228.1 through 228.4 unless authorized by a regulatory authority or authorities to be collected in a utility’s rates

PIn the event that leased tranmission assests or right of ways involve a lumpsum upfront payment, it will be amortized over the life of the lease to Account No. 567 and the unamortized balance will be included here.

In the event such a lease involves monthly or annual payments, the payments will be booked to Account 567.

Q Includes the amortization of any excess/deficient deferred income taxes resulting from changes to income tax laws, income tax rates (including changes in apportionment) and other actions taken by a taxing authority. Excess and deficient

deferred income taxes will reduce or increase tax expense by the amount of the excess or deficiency multiplied by (1/1-T) (page 3, line 67, column 3).

R    Includes the annual income tax cost or benefits due to permanent differences or differences between the amounts of expenses or revenues recognized in one period for ratemaking purposes and the amounts recognized for income tax

purposes which do not reverse in one or more other periods, including the cost of income taxes on (1) the Equity portion of Allowance for Other Funds Used During Construction  (AFUDC) included in the current book depreciation expense and

(2) meals and entertainment expenses. Permanent differences arising from lobbying and/or political contributions, or fines and penalties from government agencies will not be recovered through this mechanism. The recovery of any other permanent differences (which are expected to be extraordinary in nature) would be specifically identified in Attachment 9. The income tax impacts of these permmanent differences are determined in page 3, line 68, column 3.

Attachment 1 - Revenue Credit Workpaper*

NextEra Energy Transmission New York, Inc.

Account 454 - Rent from Electric Property  (300.19.b)Notes 1 & 3

1 Rent from FERC Form No. 1-

Account 456 (including 456.1) (300.21.b and 300.22.b)Notes 1 & 3

2 Other Electric Revenues (Note 2)-

3 Professional Services-

4 Revenues from Directly Assigned Transmission Facility Charges (Note 2)-

5 Rent or Attachment Fees associated with Transmission Facilities-

6 Total Revenue CreditsSum lines 2-5 + line 1-

Note 1 All revenues booked to Account 454 that are derived from cost items classified as transmission-related will be included as a revenue credit.  All revenues booked to Account

456 (includes 456.1) that are derived from cost items classified as transmission-related, and are not derived from rates under this transmission formula rate will be included as a revenue credit.   Work papers will be included to properly classify revenues booked to these accounts to the transmission function.  A breakdown of all Account 454
revenues by subaccount will be provided below, and will be used to derive the proper calculation of revenue credits.  A breakdown of all Account 456 revenues by subaccount and customer will be provided and tabulated below, and will be used to develop the proper calculation of revenue credits.

Note 2

If the facilities associated with the revenues are not included in the formula, the revenue is shown below, but not included in the total above and explained in the Attachment 3.

Note 3All Account 454, 456, and 456.1 Revenues must be itemized below and tie to FERC Form No. 1 cites set forth below.

Line No.

1Accounts 456 and 456.1 (300.21.b plus 300.22.b)TOTALNY-ISOOther 1Other 2

1a----

…----

1x----

2----

3Total----

4Less:

5Revenue for Demands in Divisor----

6Sub Total Revenue Credit----

7Prior Period Adjustments----

8Total(must tie to 300.21.b plus 300.22.b)----

9Account 454 (300.19.b)$

9a-

9b-

9c-

9d-

9e-

9f-

9g-

…

9x-

10Total(must tie to 300.19.b)-

Attachment 2 - Cost Support

NextEra Energy Transmission New York, Inc.

Plant in Service Worksheet

1Calculation of Transmission  Plant In ServiceSource (Less ARO, see Note MYearBalance

2Decemberp206.58.b2015-

3Januarycompany records2016-

4Februarycompany records2016-

5Marchcompany records2016-

6Aprilcompany records2016-

7Maycompany records2016-

8Junecompany records2016-

9Julycompany records2016-

10Augustcompany records2016-

11Septembercompany records2016-

12Octobercompany records2016-

13Novembercompany records2016-

14Decemberp207.58.g2016-

15Transmission Plant In Service(sum lines 2-14) /13-

16Calculation of Distribution Plant In ServiceSource (Less ARO, see Note M)

17Decemberp206.75.b2015-

18Januarycompany records2016-

19Februarycompany records2016-

20Marchcompany records2016-

21Aprilcompany records2016-

22Maycompany records2016-

23Junecompany records2016-

24Julycompany records2016-

25Augustcompany records2016-

26Septembercompany records2016-

27Octobercompany records2016-

28Novembercompany records2016-

29Decemberp207.75.g2016-

30Distribution Plant In Service(sum lines 17-29) /13-

31Calculation of Intangible Plant In ServiceSource (Less ARO, see Note M)

32Decemberp204.5.b2015-

33Januarycompany records2016-

34Februarycompany records2016-

35Marchcompany records2016-

36Aprilcompany records2016-

37Maycompany records2016-

38Junecompany records2016-

39Julycompany records2016-

40Augustcompany records2016-

41Septembercompany records2016-

42Octobercompany records2016-

43Novembercompany records2016-

44Decemberp205.5.g2016-

45Intangible Plant In Service(sum lines 32-44) /13-

46Calculation of General Plant In ServiceSource (Less ARO, see Note M)

47Decemberp206.99.b2015-

48Januarycompany records2016-

49Februarycompany records2016-

50Marchcompany records2016-

51Aprilcompany records2016-

52Maycompany records2016-

53Junecompany records2016-

54Julycompany records2016-

55Augustcompany records2016-

56Septembercompany records2016-

57Octobercompany records2016-

58Novembercompany records2016-

59Decemberp207.99.g2016-

60General Plant In Service(sum lines 47-59) /13-

61Calculation of Production Plant In ServiceSource (Less ARO, see Note M)

62Decemberp204.46b2015-

63Januarycompany records2016-

64Februarycompany records2016-

65Marchcompany records2016-

66Aprilcompany records2016-

67Maycompany records2016-

68Junecompany records2016-

69Julycompany records2016-

70Augustcompany records2016-

71Septembercompany records2016-

72Octobercompany records2016-

73Novembercompany records2016-

74Decemberp205.46.g2016-

75Production Plant In Service(sum lines 62-74) /13-

76Total Plant In Service(sum lines 15, 30, 45, 60, & 75)-

Accumulated Depreciation Worksheet

Appendix A Line #s, Descriptions, Notes, Form 1 Page #s and Instructions

77Calculation of Transmission Accumulated DepreciationSource (Less ARO, see Note MYearBalance

78DecemberPrior year p219.25.c2015-

79Januarycompany records2016-

80Februarycompany records2016-

81Marchcompany records2016-

82Aprilcompany records2016-

83Maycompany records2016-

84Junecompany records2016-

85Julycompany records2016-

86Augustcompany records2016-

87Septembercompany records2016-

88Octobercompany records2016-

89Novembercompany records2016-

90Decemberp219.25.c2016-

91Transmission Accumulated Depreciation(sum lines 78-90) /13-

92Calculation of Distribution Accumulated DepreciationSource (Less ARO, see Note M)

93DecemberPrior year p219.26.c2015-

94Januarycompany records2016-

95Februarycompany records2016-

96Marchcompany records2016-

97Aprilcompany records2016-

98Maycompany records2016-

99Junecompany records2016-

100Julycompany records2016-

101Augustcompany records2016-

102Septembercompany records2016-

103Octobercompany records2016-

104Novembercompany records2016-

105Decemberp219.26.c2016-

106Distribution Accumulated Depreciation(sum lines 93-105) /13-

107Calculation of Intangible Accumulated AmortizationSource (Less ARO, see Note M)

108DecemberPrior year p200.21.c2015-

109Januarycompany records2016-

110Februarycompany records2016-

111Marchcompany records2016-

112Aprilcompany records2016-

113Maycompany records2016-

114Junecompany records2016-

115Julycompany records2016-

116Augustcompany records2016-

117Septembercompany records2016-

118Octobercompany records2016-

119Novembercompany records2016-

120Decemberp200.21.c2016-

121Accumulated Intangible Amortization(sum lines 108-120) /13-

122Calculation of General Accumulated DepreciationSource (Less ARO, see Note M)

123DecemberPrior year p219.28.c2015-

124Januarycompany records2016-

125Februarycompany records2016-

126Marchcompany records2016-

127Aprilcompany records2016-

128Maycompany records2016-

129Junecompany records2016-

130Julycompany records2016-

131Augustcompany records2016-

132Septembercompany records2016-

133Octobercompany records2016-

134Novembercompany records2016-

135Decemberp219.28.c2016-

136Accumulated General Depreciation(sum lines 123-135) /13-

137Calculation of Production Accumulated DepreciationSource (Less ARO, see Note M)

138Decemberp219.20.c to 24.c (prior year)2015-

139Januarycompany records2016-

140Februarycompany records2016-

141Marchcompany records2016-

142Aprilcompany records2016-

143Maycompany records2016-

144Junecompany records2016-

145Julycompany records2016-

146Augustcompany records2016-

147Septembercompany records2016-

148Octobercompany records2016-

149Novembercompany records2016-

150Decemberp219.20.c to 24.c2016-

151Production Accumulated Depreciation(sum lines 138-150) /13-

152Total Accumulated Depreciation and Amortization(sum lines 91, 106, 121, 136, & 151)-

Attachment 3 - Cost Support

NextEra Energy Transmission New York, Inc.

Details

Numbering continues from Attachment 2Beginning of YearEnd of YearAverage Balance

153Account No. 255 (enter negative)267.8.h---

154Unamortized Abandoned PlantAttachment 8, line 4, col. (v)-

(recovery of abandoned plant requires a FERC order approving the amount and recovery period)Amortization Expense

155Amortization of Abandoned PlantAttachment 8, line 4, col. (h)-

156Prepayments (Account 165)AB

(Prepayments exclude Prepaid Pension Assets)YearBalance

157December111.57.d--

158Januarycompany records--

159Februarycompany records--

160Marchcompany records--

161Aprilcompany records--

162Maycompany records--

163Junecompany records--

164Julycompany records--

165Augustcompany records--

166Septembercompany records--

167Octobercompany records--

168Novembercompany records--

169December111.57.c--

170Prepayments(sum lines 157-169) /13-

Reserves

170a(b)(c)(d)(e)(f)(g)(h)

Enter 1 if NOT in aEnter the percentage

trust or reservedEnter 1 if the accrual accountpaid for by customers, 1

account, enter zerois included in the formulaless the percent

(0) if included in arate, enter (0) if  O if theassociated with anAmount Allocated,

trust or reservedaccrual account is NOToffsetting liability on theAllocation (Plant orcol. c x col. d x col.

Amountaccountincluded in the formula ratebalance sheetLabor Allocator)e x col. f x col. g

Reserve 1------

Reserve 2------

Reserve 3------

Reserve 4------

…------

…------

Total-

All unfunded reserves will be listed above, specifically including (but not limited to) all subaccounts for FERC Account Nos. 228.1 through 228.4.  "Unfunded reserve" is defined as an accrued balance (1) created
and increased by debiting an expense which is included in this formula rate (column (e), using the same allocator in column (g) as used in the formula to allocate the amounts in the corresponding expense account)

(2) in advance of an anticipated expenditure related to that expense (3) that is not deposited in a restricted account (e.g., set aside in an escrow account, see column (d)) with the earnings thereon retained within that account.  Where a given reserve is only partially funded through accruals collected from customers, only the balance funded by customer collections shall serve as a rate base credit, see column (f).  The source of monthly balance data is company records.

EPRI Dues Cost Support

EPRI & EEI Costs to be ExcludedDetails

Allocated General & Common Expenses

EPRI Dues(A)

171EPRI and EEI Dues to be excluded from the formula ratep353._.f (enter FN1 line #)-

Regulatory Expense Related to Transmission Cost Support

Transmission

Form 1 AmountRelatedOtherDetails*

Directly Assigned A&G(A)(B)C (Col A-Col B)

172Regulatory Commission Exp Account 928p323.189.b---

* insert case specific detail and associated assignments here

Multi-state Workpaper

New YorkState 2State 3State 4State 5Weighed Average

Income Tax Rates

Weighting1

173SIT=State Income Tax Rate or Composite0.07100.07

Multiple state rates are weighted based on the state apportionment factors on the state income tax returns and the number of days in the year that the rates are effective (see Note F)

Safety Related and Education and Out Reach Cost Support

Safety Related,

Education, Siting &

Form 1 AmountOutreach RelatedOtherDetails

Directly Assigned A&G(A)(B)C (Col A-Col B)

174General Advertising Exp Account 930.1company records-

Safety advertising consists of any advertising whose primary purpose is to educate the recipient as to what is safe or is not safe

Education advertising consists of any advertising whose primary purpose is to educate the recipient as about transmission related facts or issues Outreach advertising consists of advertising whose primary purpose is to attract the attention of the recipient about a transmission related issue Siting advertising consists of advertising whose primary purpose is to inform the recipient about locating transmission facilities
Lobbying expenses are not allowed to be included in account 930.1

Excluded Plant Cost Support

Transmission plant

included in OATT

ExcludedAncillary Services

Transmissionand not otherwise

FacilitiesexcludedDescription of the Facilities

Adjustment to Remove Revenue Requirements Associated with Excluded Transmission Facilities

175Excluded Transmission Facilities--General Description of the Facilities

A worksheet will be provided if there are ever any excluded transmission plant or transmission plant in OATT Ancillary Servic

Add more lines if necessary

Materials & Supplies

Stores ExpenseTransmission Materials &

UndistributedSuppliesTotal

Note:  for the projection, the prior year's actual balances will be usedp227.16p227.8

Form No.1 page(A)(B)C (Col A+Col B)

176DecemberColumn b---

177JanuaryCompany Records---

178FebruaryCompany Records---

179MarchCompany Records---

180AprilCompany Records---

181MayCompany Records---

182JuneCompany Records---

183JulyCompany Records---

184AugustCompany Records---

185SeptemberCompany Records---

186OctoberCompany Records---

187NovemberCompany Records---

188DecemberColumn c---

189Averagesum line 176 to 188 divided by 13-

PBOPs

Details

Calculation of PBOP Expenses

(a)(b)

190Total

191Total PBOP expenses (Note A)$0.00

192Labor dollars (total labor under PBOP Plan, Note A)$0.00

193Cost per labor dollar (line 191 / line 192)-

194labor expensed (labor not capitalized) in current year, 354.28.b.-

195PBOP Expense for current year(line 193 * line 194)-

196PBOP amount included in Company's O&M and A&G expenses included in FERC Account Nos. 500-935

197PBOP Adjustment (line 195 - line 196)-

A  Lines 191-192 cannot change absent approval or acceptance by FERC in a separate proceeding.

B  The source of the amounts from the Actuary Study supporting the numbers in Line 2 and 3 is -

Attachment 3 - Cost Support

COST OF CAPITALNextEra Energy Transmission New York, Inc.

Form No.1

Line No.DescriptionReferenceDecemberJanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember13 Month Avg.

Col. (a)Col. (b)Col. (c)Col. (d)Col. (e)Col. (f)Col. (g)Col. (h)Col. (i)Col. (j)Col. (k)Col. (l)Col. (m)Col. (n)

198Long Term Debt (3):

199Acct 221 Bonds112.18.c,d--------------

200Acct 223 Advances from Assoc. Companies112.20.c,d--------------

201Acct 224 Other Long Term Debt112.21.c,d--------------

202Less  Acct 222 Reacquired Debt112.19 c, d enter negative--------------

203Total Long Term DebtSum Lines 199 - 202--------------

204

205Preferred Stock (1)112.3.c,d--------------

206

207Common Equity- Per Books112.16.c,d--------------

208Less Acct 204 Preferred Stock112.3.c,d--------------

209Less Acct 219 Accum Other Compre. Income112.15.c,d--------------

Less Acct 216.1 Unappropriated Undistributed Subsidiary

210Earnings112.12.c,d--------------

211Adjusted Common EquityLn 207 - 208 - 209 - 210--------------

212

213Total (Line 203 plus Line 205 plus Line 211)--------------

214

215Cost of Debt (3)

216Acct 427 Interest on Long Term Debt117.62.c-

217Acct 428 Amortization of Debt Discount and Expense117.63.c-

218Acct 428.1 Amortization of Loss on Reacquired Debt117.64.c-

Acct 430 Interest on Debt to Assoc. Companies (LTD portion

219only) (2)117.67.c-

220Less:  Acct 429 Amort of Premium on Debt117.65.c enter negative-

221Less:  Acct 429.1 Amort of Gain on Reacquired Debt117.66.c enter negative-

222Total Interest ExpenseSum Lines 216 - 221-

223

224Average Cost of Debt (Line 222, col. n / Line 203, col. n)0.00%

225

226Cost of Preferred Stock

227Preferred Stock Dividends118.29.c

228

229Average Cost of Preferred Stock (Line 227, col. n / Line 205, col. n)-

Note 1.  If and when the Company issues preferred stock, footnote will indicate the authorizing regulatory agency, the docket/case number, and the date of the Note 2.  Interest on Debt to Associated Companies (FERC 430) will be populated with interest related to Long-Term Debt only.

Note 3.  In the event there is a construction loan, line 222 will also include the outstanding amounts associated with any short term construction financing, prior to the issuance of long term debt.

Rate Formula Template
Project Worksheet

Attachment 4For  the 12 months ended 12/31/2021

Utilizing Appendix A Data

The calculations below calculate that additional revenue requirement for 100 basis points of ROE and 1 percent change in the equity component of the capital structure.

These amounts are then used to valuate the actual increase in  revenue in the table below (starting on line 66) associated with the actual incentive authorized by the Commission The use of the 100 basis point calculations do not presume any particular incentive (i.e., 100 basis points) being granted by the Commission.

NextEra Energy Transmission New York, Inc.

Base ROE and Income Taxes Carrying Charge

AllocatorResult

1Rate Base-

2BASE RETURN CALCULATION:

$%CostWeighted

3Long Term Debt(Appendix A, Line 91)----

4Preferred Stock(Appendix A, Line 92)----

5Common Stock(Appendix A, Line 93)--9.65%-

6Total  (sum lines 3-5)--

7Return multiplied by Rate Base (line 1 * line 6)-

8INCOME TAXES

9T=1 - {[(1 - SIT) * (1 - FIT)] / (1 - SIT * FIT * p)} =  (Appendix A, line 61)-

10CIT=(T/1-T) * (1-(WCLTD/R)) =-

11where WCLTD=(line 3) and R= (line 6)

12and FIT, SIT & p are as given in footnote F on Appendix A.

131 / (1 - T)  = (T from line 9)-

14Amortized Investment Tax Credit (266.8f) (enter negative)-

15(Excess)/Deficient Deferred Income Taxes (Attach 9, lines 2 & 3, column (b))(Appendix A, note Q)-

16Permanent Differences, including AFUDC Equity (Attach 9, line 1, column (b))(Appendix A, note R)-

17Income Tax Calculation (line 10 * line 7)-

18ITC adjustment (line 13 * line 14)-NP--

19(Excess)/Deficient Deferred Income Tax Adjustment (line 13 * line 15)-NP--

20Tax Effect of Permanent Differences Tax Adjustment (line 13 * line 16)-NP--

21Total Income Taxes(Sum lines 18 to 20)--

22Base Return and Income TaxesSum lines 7 and 21-

23Rate BaseLine 1-

24Return and Income Taxes at Base ROELine 22 / line 23-

100 Basis Point Incentive ROE and Income Taxes Carrying ChargeAttachment 4

Result

25Rate Base-

26100 Basis Point Incentive Return impact on

$%CostWeighted

27Long Term Debt(line 3)----

28Preferred Stock(line 4)----

29Common Stock(line 5 plus 100 basis points)--10.65%-

30Total  (sum lines 24-26)--

31100 Basis Point Incentive Return multiplied by Rate Base (line 22 * line 27)-

32INCOME TAXES

33T=1 - {[(1 - SIT) * (1 - FIT)] / (1 - SIT * FIT * p)} =  (Appendix A, line 61)-

34CIT=(T/1-T) * (1-(WCLTD/R)) =-

35where WCLTD=(line 27) and R= (line 30)

36and FIT, SIT & p are as given in footnote F on Appendix A.

371 / (1 - T)  = (T from line 33)-

38Amortized Investment Tax Credit (line 14)-

39(Excess)/Deficient Deferred Income Taxes (line 15)(Appendix A, note Q)-

40Permanent Differences, including AFUDC Equity (line 16)(Appendix A, note R)-

41Income Tax Calculation (line 34 * line 31)-

42ITC adjustment (line 37 * line 38)-NP--

43(Excess)/Deficient Deferred Income Tax Adjustment (line 37 * line 39)-NP--

44Tax Effect of Permanent Differences Tax Adjustment (line 37 * line 40)-NP--

43Total Income Taxes(Sum lines 42 to 44)--

44Return and Income Taxes with 100 basis point increase in ROESum lines 31 and 43-

45Rate BaseLine 25-

46Return and Income Taxes with 100 basis point increase in  ROELine 44 / line 45-

47Difference in Return and Income Taxes between Base ROE and 100 Basis Point IncentiveLine 46 - Line 24-

Effect of 1% Increase in the Equity Ratio

Results

48Rate Base-

49100 Basis Point Incentive Return

%CostWeighted

50Long Term Debt(line 3 minus 1% in equity ratio)0.990.00%0.00%

51Preferred Stock(line 4)-0.00%0.00%

52Common Stock(line 5 plus 1% in equity ratio))0.019.65%0.10%

53Total  (sum lines 46-48)0.10%

54Line 53 x line 48-

55INCOME TAXES

56T=1 - {[(1 - SIT) * (1 - FIT)] / (1 - SIT * FIT * p)} =  (Appendix A, line 61)-

57CIT=(T/1-T) * (1-(WCLTD/R)) =-

58where WCLTD=(line 50) and R= (line 53)

59and FIT, SIT & p are as given in footnote F on Appendix A.

601 / (1 - T)  = (T from line 56)-

61Amortized Investment Tax Credit (line 14)-

62(Excess)/Deficient Deferred Income Taxes (line 15)(Appendix A, note Q)-

63Permanent Differences, including AFUDC Equity (line 16)(Appendix A, note R)-

64Income Tax Calculation (line 57 * line 54)-

65ITC adjustment (line 60 * line 61)-NP--

66(Excess)/Deficient Deferred Income Tax Adjustment (line 60 * line 62)-NP--

67Tax Effect of Permanent Differences Tax Adjustment (line 60 * line 63)-NP--

68Total Income Taxes(Sum lines 65 to 67)--

69Return and Income Taxes with 1% Increase in the Equity RatioSum lines 54 and 68-

70Rate BaseLine 48-

71Return and Income Taxes with 1% Increase in the Equity RatioLine 69 / line 70-

72Difference between Base ROE and 1% Increase in the Equity RatioLine 71 - Line 24-

Attachment 4

73Revenue Requirement per project including incentives

74Expense Allocator[Appendix A, lines 45 and 59, less Appendix A, line 44b (project specific) / Gross Transmission Plant In Service Column (l).  If Gross Transmission Plant is zero, then the Expense Allocator should be zero] (Note B)-

75Base Carrying ChargeLine 103 Appendix A-

The table below  breaks out the total revenue requirement on Appendix A separately  for each investment.  The total of Column (p) must equal the amount shown on Appendix A, Line 3.

(a)(b)(c)(d)(e)(f)(g)(h)(i)(j)(k)(l)(m)(n)(o)(p)(q)

ROEROE BaseEquity % in CapitalImpact of Equity

Authorized by(FromIncentive %Structure (% aboveComponent of CapitalExpenseO&M, Taxes OtherCompetitive BidTotal Revenues

FERC (NoteAppendix A,Authorized byCol (e) / .01 xIncentive $ (Colbase %, -% below baseStructure(Col (b) x (i) xBase Return and Tax (Line 68 xGross Plant InAllocator(linethan IncomeDepreciation/AmortConcession(Col. (h) + (j) + (k)

LineDescriptionNet Investment(Note A)D)line 94)FERCLine 43Col (f)(b) x Col (g)%)(1 equals 1%)Line 65Col (b)Service (Note B)67)(Col. (l) x Col. (n)ization Expense(Note C)+(n) +(o) -(p))

69---9.65%------------

69a---9.65%----------

69b9.65%---------

69c-9.65%---------

…9.65%--------

…9.65%--------

…9.65%--------

…9.65%--------

…9.65%--------

…9.65%--------

…9.65%--------

…9.65%--------

…9.65%--------

…9.65%--------

…9.65%--------

…9.65%--------

…9.65%--------

9.65%-------

70Total$0.00---$0----

71Check Sum Appendix A Line 3-

72Difference (must be equal to zero)-

Note:

A Column (b), Net Investment includes the Net Plant In Service, unamortized regulatory assets, unamortized abandoned plant and CWIP B Column (l), Gross Plant in Service excludes Regulatory Assets, CWIP, and Abandoned Plant.

C Competitive Bid Concession, if any, will reflect outcome of competitive developer selection process and will be computed on a workpaper that will be provided as supporting documentation

for each Annual Update and will be zero or a reduction to the revenue requirement.  The amount in Column (p) above equals the amount by which the annual revenue requirement is reduced from the ceiling rat D Column (e), for each project with an incentive in column (e), note the docket No. in which FERC granted the incentive>

ProjectDocket No.Note

Empire State Line Project - 100 BP ROE Adder and Cost CapDocket Nos. ER16-2719, ER18-125Pursuant to the settlement agreement approved in Docket No. ER16-2719, a 100 bp ROE adder will apply to project investment

incurred up to the Cost Cap.  A 100 bp ROE adder shall also apply to Unforeseeable Costs in excess of five (5) percent of the Cost

Cap, Empire Third Party Costs, and Project Development Costs.E mpire Third Party Costs are costs that result from: (i) NYISO

modifications or further NYISO requirements, including interconnection costs and upgrades resulting from the NYISO

interconnection study process; or (ii) real estate-related costs incurred in any lease arrangements or purchases related to the acquisition
of rights-of-way or access to rights-of-way or purchases of rights to access utility facilities; (iii) all taxes; or (iv) Empire Upgrades.
These Empire Third Party Costs are not included in the Capital Cost Bid , are not subject to the Cost Cap or Cost Containment
Mechanism, and are recoverable in the formula rate. Project Development Costsare costs incurred for the Empire State Line Project
prior to the selection of one or more transmission developer(s) by the NYISO Board of Directors and are not included in the Capital
Cost Bid submitted to the NYISO, and are not subject to the Cost Cap or Cost Containment Mechanism, are to be included in
Construction Work in Progress (“CWIP”) in accordance with the FERC Uniform System of Accounts, and are recoverable in the
formula rate.  The Cost Cap is the sum of the following:  (A) the Capital Cost Bid, defined as the amount submitted by NEET NY in
response to the NYISO's solicitation on the Western New York Public Policy Transmission Need, but excluding Empire Third Party
Costs; (B) contingency of 18% will be applied to the Capital Cost Bid; (C) the sum of the Capital Cost Bid and the contingency of
18%, multiplied by an inflation factor of 2.0% per year for the period of time from the submission in response to the NYISO’s
Solicitation to the date that is one year prior to the Commercial Operation Date; and (D) Allowance for Funds Used During
Construction.

Empire State Line Project - Cost Containment MechanismDocket Nos. ER16-2719, ER18-125Pursuant to the settlement agreement approved in Docket No. ER16-2719, 20% of any prudently incurred project costs above the

Cost Cap that are subject to the Cost Containment Mechanism will not earn an equity return, but NEET NY will be allowed to

recover the associated depreciation and debt cost.  In addition, 80% of any prudently incurred costs above the Cost Cap that are subje to the Cost Containment Mechanism will not earn any ROE Incentive Adders on the equity portion of such costs, but NEET NY will be allowed to earn the Base ROE, associated depreciation, and debt cost.

Empire State Line Project - Unforeseeable CostsDocket Nos. ER16-2719, ER18-125

Empire State Line Project - Additional ROE Adder for Certain Costs Below the Cost CapDocket Nos. ER16-2719, ER18-125

Table ADocket Nos. ER16-2719, ER18-125

Unforeseeable Costs in an aggregate amount up to 5% of the Cost Cap shall be considered project costs that are part of the
contingency and subject to the Cost Containment Mechanism. Unforeseeable Costs that are more than 5% of the amount of the Cost
Cap are not subject to the Cost Cap or Cost Containment Mechanism and are recoverable in the formula rate, and are subject to the
base ROE of 9.65%. NEET NY will provide updates of Unforeseeable Costs as part of project cost updates in its annual June
informational filing, including information demonstrating how such costs were determined to be Unforeseeable Costs.

Pursuant to the settlement agreement approved in Docket No. ER16-2719, NEET NY may utilize an additional ROE adder when the
actual project costs are below the “Adjusted Cost Cap.”The Adjusted Cost Cap shall be comprised of the sum of the following: (a) the
Capital Cost Bids for the Empire State Line Project and the AC Transmission Project, respectively; (b) the Capital Cost Bid multiplied
by 5% (“5% Adder”); (c) the sum of the Capital Cost Bid and the 5% Adder, multiplied by an inflation factor of 2.0% per year for the
period of time from when the Capital Cost Bid was established and until the date when the project starts commercial operations; and

(d) any AFUDC.  NEET NY will receive an additional ROE adder as set forth in Table A below when the Eligible Project costs,
inclusive of Unforeseeable Costs in an amount up to 5% of the Adjusted Cost Cap, are less than the Adjusted Cost Cap, as set forth in
Table A below.

Table A

Actual Costs Below AdjustedROE Adder

Cost Cap

0% to <=5%0.05%

>5% to <=10%0.17%

>10% to <=15%0.30%

>15% to <=20%0.45%

>20% to <=25%0.62%

>25%0.71%

Attachment 5 - Example of True-Up Calculation

NextEra Energy Transmission New York, Inc.

YearAnnual True-Up Calculation

1

ABCDEFG

Net

AdjustedUnder/(Over)InterestTotal True-Up

ProjectNet RevenueCollectionIncomeAdjustment

IdentificationProject NameRequirement1Revenue Received2(C-D)(Expense)(E + F)

2-----

2a-----

2b-----

2c-----

2d-----

-----

3Total-----

Note A

1) From Attachment 4, Column (q) for the period being trued-up

2) The "revenue received" is the total amount of revenue distributed in the True-Up Year. The amounts do not include any true-ups or prior period
adjustments and reflects any Competitive Bid Concessions

3. Then Monthly Interest Rate shall be equal to the interest rate set forth below on line 13 and be applied to the amount in Column E for a period of 24 months

4. The True-Up Adjustment is applied to each project prorata based its contribution to the Revenue Requirement shown in Attachment 4

FERC Refund Interest Rate

(a)(b)(c)(d)

Quarterly Interest Rate

4Interest Rate:QuarterYearunder Section 35.19(a)

51st Qtr.--

62nd Qtr--

73rd Qtr--

84th Qtr--

91st Qtr--

102nd Qtr--

113rd Qtr--

12Sum lines 5-11-

13Avg. Monthly FERC Rate    Line 12 divided by 7-

come Taxes (ADIT) Average Worksheet (Projection

NextEra Energy Transmission New York, Inc.

Projection for the 12 Months Ended 12/31/____

ABCDE

(Sum Col. B, C & D)

LnItemTransmission RelatedPlant RelatedLabor RelatedTotal

1 ADIT-282 (enter negative)---Line 12

2 ADIT-283 (enter negative)---Line 15

3 ADIT-190---Line 23

4 Subtotal---Sum of Lines 1-3

5 Wages & Salary Allocator (sum lines 1-3 for each column)-Appendix A, line 88

6 Net Plant Allocator-Appendix A, line 22

7 Total Plant Allocator1.00100%

8 Projected ADIT Total----Enter as negative Appendix A, page 2, line 24

(a)(b)(c)(d)(e)(f)(g)

Beginning Balance & Monthly ChangesMonthYearBalanceTransmissionPlant RelatedLabor Related

Related

ADIT-282

9 Actual Balance-BOY (Attach 6c, Line 30)December-----

10 Actual Balance-EOY (Attach 6d, Line 30)December-----

11 Prorated EOY Balance (Attach 6b, Line 14)December-----

12 ADIT 282 (Line 11)----

ADIT-283

13 Actual Balance-BOY (Attach 6c, Line 44)December-----

14 Actual Balance-EOY (Attach 6d, Line 44)December-----

15 ADIT 283 ((Line 13 + Line 4)/2)----

ADIT-190

16 Actual Balance-BOY (Attach 6c, Line 18)December-----

17 Less Actual Balance-BOY-non Prorated items (Line 21 less Line 23)December-----

18 Actual Balance-BOY-Prorated items (Attach 6c, Line 14)December-----