INDEX

NEW YORK POWER AUTHORITY

TRANSMISSION REVENUE REQUIREMENT

Name

Cost-of-Service Summary Schedule A1

Schedule A2
Schedule B1
Schedule B2
Schedule B3
Schedule C1
Schedule D1
Schedule D2
Schedule E1
Schedule F1
Schedule F2
Schedule F3
Work Paper-AA
Work Paper-AB

Work Paper-AC
Work Paper-AD
Work Paper-AE
Work Paper-AF
Work Paper-AG
Work Paper-AH
Work Paper-AI
Work Paper-BA
Work Paper-BB
Work Paper-BC

Work Paper-BC (Support A) Work Paper-BC (Support B) Work Paper-BD

Work Paper-BE

Work Paper-BE (Support) Work Paper-BF

Work Paper-BF (Support) Work Paper-BG

Work Paper-BG (Support) Work Paper-BH

Work Paper-BI
Work Paper-BJ

Work Paper-BJ (Support) Work Paper-CA

Work Paper-CB
Work Paper-CC
Work Paper-DA
Work Paper-DB
Work Paper-EA
Work Paper-AR-IS

Work Paper-AR-BS

Work Paper-AR-Cap Assets
Work Paper-Reconciliations

Description

TRANSMISSION REVENUE REQUIREMENT SUMMARY OPERATION & MAINTENANCE EXPENSE SUMMARY ADMINISTRATIVE AND GENERAL EXPENSES

ANNUAL DEPRECIATION AND AMORTIZATION EXPENSES ADJUSTED PLANT IN SERVICE

DEPRECIATION AND AMORTIZATION RATES
TRANSMISSION - RATE BASE CALCULATION
CAPITAL STRUCTURE AND COST OF CAPITAL

PROJECT SPECIFIC CAPITAL STRUCTURE AND COST OF CAPITAL A&G AND GENERAL PLANT ALLOCATOR

PROJECT REVENUE REQUIREMENT WORKSHEET INCENTIVES

PROJECT TRUE-UP
O&M AND A&G SUMMARY
O&M AND A&G DETAIL

STEP-UP TRANSFORMERS O&M ALLOCATOR FACTS O&M ALLOCATOR

MICROWAVE TOWER RENTAL INCOME

POSTRETIREMENT BENEFITS OTHER THAN PENSIONS (PBOP) PROPERTY INSURANCE ALLOCATION

INJURIES & DAMAGES INSURANCE EXPENSE ALLOCATION PROPERTY INSURANCE ALLOCATOR

DEPRECIATION AND AMORTIZATION EXPENSES (BY FERC ACCOUNT) EXCLUDED PLANT IN SERVICE

PLANT IN SERVICE DETAIL

PLANT IN SERVICE DETAIL -- SUPPORT A
PLANT IN SERVICE DETAIL -- SUPPORT B

MARCY-SOUTH CAPITALIZED LEASE AMORTIZATION AND UNAMORTIZED BALANCE FACTS PROJECT PLANT IN SERVICE AND ACCUMULATED DEPRECIATION

FACTS PROJECT PLANT IN SERVICE AND ACCUMULATED DEPRECIATION -- SUPPORT GENERATOR STEP-UP TRANSFORMERS BREAKOUT

GENERATOR STEP-UP TRANSFORMERS BREAKOUT -- SUPPORT RELICENSING/RECLASSIFICATION EXPENSES

RELICENSING/RECLASSIFICATION EXPENSES -- SUPPORT ASSET IMPAIRMENT

COST OF REMOVAL

INDIVIDUAL PROJECTS - PLANT IN SERVICE AND DEPRECIATION
INDIVIDUAL PROJECTS - PLANT IN SERVICE AND DEPRECIATION -- SUPPORT MATERIALS AND SUPPLIES

PREPAYMENTS AND INSURANCE LAND HELD FOR FUTURE USE

WEIGHTED COST OF CAPITAL

LONG-TERM DEBT AND RELATED INTEREST
CALCULATION OF A&G AND GENERAL PLANT ALLOCATOR
STATEMENT OF REVENUES , EXPENSES, AND CHANGES IN NET POSITION STATEMENT OF NET POSITION

CAPITAL ASSETS
RECONCILIATIONS BETWEEN ANNUAL REPORT & ATRR

NEW YORK POWER AUTHORITY

TRANSMISSION REVENUE REQUIREMENT
YEAR ENDING DECEMBER 31, ____

TRANSMISSION REVENUE REQUIREMENT SUMMARY

Line No.

1

2

3

4

5

6

6a

7

8

9

10

11

11a
11b

11c
11d
…

12

A. OPERATING EXPENSES

Operation & Maintenance Expense

Administrative & General Expenses

Depreciation & Amortization Expense

TOTAL OPERATING EXPENSE

B. RATE BASE

Return on Rate Base

Total Project Specific Return Adjustment

TOTAL REVENUE REQUIREMENT

Incentive Return

True-up Adjustment

NET ADJUSTED REVENUE REQUIREMENT

Breakout by Project

NTAC Facilities

Project 1 - Marcy South Series Compensation Project 2 - AC Project Segment A

(Central East Energy Connect)

…
Total Break out

TOTAL $SOURCE/COMMENTS

(1)(2)

-Schedule A1, Col 5, Ln 7

-Schedule A2, Col 5, Ln 5

-Schedule B1, Col 6, Ln 6

-Sum lines 1, 2, & 3

-Schedule C1, Col 5, Ln 11

-Schedule C1, Col 7, Ln 11

-Schedule D2, Col 3, Ln A

-Line 4 + Line 6 + Line 6a

-Schedule F1, page 2, line 2, col. 13

-Schedule F3, page 1, line 3, col. 10

-Line 7 + line 8 + line 9

-Schedule F1, page 2, line 1a + line 1d, col. 17

-Schedule F1, page 2, line 1b, col. 17

-Schedule F1, page 2, line 1c, col. 17

-

-

-

-Sum lines 11

Note 1 The revenue requirements shown on lines 11 and 11a et seq. are annual revenue requirements.  If the first year is a partial year,

1/12 of the amounts should be recovered for every month of the Rate Year.

NEW YORK POWER AUTHORITY

TRANSMISSION REVENUE REQUIREMENT
YEAR ENDING DECEMBER 31, ____

SCHEDULE  A1

OPERATION & MAINTENANCE EXPENSE SUMMARY ($)

FERC

Line No   AccountFERC Account DescriptionSourceTotalGrand TotalNYPA Form 1 Equivalent

(1)(2)(3)(4)(5)(6)

Transmission:

OPERATION:

1a560Supervision & EngineeringWP-AA, Col (5)-Page 321 line 83

1b561Load DispatchingWP-AA, Col (5)-Page 321 lines 85-92

1c562Station ExpensesWP-AA, Col (5)-Page 321 line 93

1d566Misc. Trans. ExpensesWP-AA, Col (5)-Page 321 line 97

……………

2Total Operation(sum lines 1)-

MAINTENANCE:

3a568Supervision & EngineeringWP-AA, Col (5)-Page 321 line 101

3b569StructuresWP-AA, Col (5)-Page 321 line 102-106

3c570Station EquipmentWP-AA, Col (5)-Page 321 line 107

3d571Overhead LinesWP-AA, Col (5)-Page 321 line 108

3e572Underground LinesWP-AA, Col (5)-Page 321 line 109

3f573Misc. Transm. PlantWP-AA, Col (5)-Page 321 line 110

……………

4Total  Maintenance(sum lines 3)-

5TOTAL O&M TRANSMISSION(sum lines 2 & 4)-

Adjustments(Note 2)

6aStep-up TransformersWP-AC, Col (1) line 5-

6bFACTS (Note 1)WP-AD, Col (1) line 5-

6cMicrowave Tower Rental IncomeWP-AE, Col (3) line 2-

6dInterest on Right-of-Use AssetsWP-AA, Col (3)-

…………

7TOTAL ADJUSTED O&M TRANSMISSION(sum lines 5-6)-

Note 1Flexible Alternating Current Transmission System device

Note 2Revenues that are credited in the NTAC are not revenue credited here.

NEW  YORK POWER AUTHORITY

TRANSMISSION REVENUE REQUIREMENT
YEAR ENDING DECEMBER 31, ____

SCHEDULE   A2

ADMINISTRATIVE AND GENERAL EXPENSES

FERCUnallocatedTransmissionAllocated to

Line No. Account   FERC Account DescriptionSourceA&G ($)Allocator (%)Transmission ($)Source/CommentsNYPA Form 1 Equivalent

(1)(2)(3)(4)(5)(6)(7)

Administrative & General Expenses

1a920A&G SalariesWP-AA, Col (5)-Page 323 line 181

1b921Office Supplies & ExpensesWP-AA, Col (5)-Page 323 line 182

1c922Admin. Exp. Transferred-CrWP-AA, Col (5)-Page 323 line 183

1d923Outside Services EmployedWP-AA, Col (5)-Page 323 line 184

1e924Property InsuranceWP-AA, Col (5)--See WP-AG; Col (3) ,Ln 5Page 323 line 185

1f925Injuries & Damages InsuranceWP-AA, Col (5)--See WP-AH; Col (3) ,Ln 4Page 323 line 186

1g926Employee Pensions & BenefitsWP-AA, Col (5)-Page 323 line 187

1h928Reg. Commission ExpensesWP-AA, Col (5)--See WP-AA; Col (3), Ln 2xPage 323 line 189

1i930Obsolete/Excess InvWP-AA, Col (5)-Page 323 line 190.5

1j930.1General Advertising ExpenseWP-AA, Col (5)-Page 323 line 191

1k930.2Misc. General ExpensesWP-AA, Col (5)-Page 323 line 192

1l930.5Research & Development2/--2/Page 323 line 192.5

1m931RentsWP-AA, Col (5)-Page 323 line 193

1n935Maint of General Plant A/C 932WP-AA, Col (5)-Page 323 line 196

…………

2TOTAL(sum lines 1)-

3aLess A/C 924Less line 1e-Page 323 line 185

3bLess A/C 925Less line 1f-Page 323 line 186

3cLess EPRI Dues1/-

3dLess A/C 928Less line 1h-Page 323 line 189

3eLess A/C 930.5Less line 1l-3/

3fPBOP AdjustmentWP-AF-

3gInterest on Right-of-Use AssetsWP-AA, Col (4)-

………

4TOTAL A&G Expense(sum lines 2 to 4)---- Allocated based on

transmission allocator

5NET A&G TRANSMISSION EXPENSE(sum lines 1 to 4)-(Schedule E1)

1/  NYPA does not pay EPRI dues

2/  Column 5 is populated as 0 (zero) for data pertaining to calendar years ____ and 2015. It is populated as a sum of Transmission R&D Expense [Workpaper WP-AA Col (3) ln(2ab)] plus the portion of
Admin & General allocated to transmission [Workpaper WP-AA Col (4) ln (2ab) multiplied by Workpaper E1-Allocator Col (3) ln (2)] for data pertaining to calendar years 2016 and later.
3/  Populated as 0 (zero) for data pertaining to calendar years ____ and 2015.  Populated as WP-AA Col (3) for data pertaining to calendar years 2016 and later.

…

NEW YORK POWER AUTHORITY

TRANSMISSION REVENUE REQUIREMENT
YEAR ENDING DECEMBER 31, ____

SCHEDULE   B1

ANNUAL DEPRECIATION AND AMORTIZATION EXPENSES ($)

Total

General PlantAnnual

FERCTransmissionAllocated toDepreciation

Line No.Account   FERC Account DescriptionSourceTransmissionGeneral PlantAllocator (%)Transm. Col (3)*(4)Col (2)+(5)

(1)(2)(3)(4)(5)(6)

1a352Structures & ImprovementsWP-BA, Col (4)-

1b353Station EquipmentWP-BA, Col (4)-

1c354Towers & FixturesWP-BA, Col (4)-

1d355Poles & FixturesWP-BA, Col (4)-

1e356Overhead Conductors & DevicesWP-BA, Col (4)-

1f357Underground ConduitWP-BA, Col (4)-

1g358Underground Conductors & DevicesWP-BA, Col (4)-

1h359Roads & TrailsWP-BA, Col (4)-

1i351.1Computer HardwareWP-BA, Col (4)-

1j351.2Computer SoftwareWP-BA, Col (4)-

1k351.3Communications EquipmentWP-BA, Col (4)-

…………

2Unadjusted Depreciation-

3a390Structures & ImprovementsWP-BA, Col (4)-

3b391Office Furniture & EquipmentWP-BA, Col (4)-

3c392Transportation EquipmentWP-BA, Col (4)-

3d393Stores EquipmentWP-BA, Col (4)-

3e394Tools, Shop & Garage EquipmentWP-BA, Col (4)-

3f395Laboratory EquipmentWP-BA, Col (4)-

3g396Power Operated EquipmentWP-BA, Col (4)-

3h397Communication EquipmentWP-BA, Col (4)-

3i398Miscellaneous EquipmentWP-BA, Col (4)-

3j399Other Tangible PropertyWP-BA, Col (4)-

…………

4Unadjusted General Plant Depreciation-

Adjustments

5aCapitalized Lease AmortizationSchedule B2, Col 4, line 14-

5bFACTSSchedule B2, Col 4, line 13-

5cWindfarmSchedule B2, Col 4, line 11-

5dStep-up TransformersSchedule B2, Col 4, line 12-

5eRelicensing ReclassificationWP-BG, Col 4-

5fAmortization of Right-of-Use AssetsWP-AA, line 5b--

………

6TOTAL(Sum lines 2-5)---1/--

1/  See Schedule-E1, Col (3), Ln 2

NEW YORK POWER AUTHORITY

TRANSMISSION REVENUE REQUIREMENT
YEAR ENDING DECEMBER 31, ____

SCHEDULE B2

ADJUSTED PLANT IN SERVICE

13-Month Average

LinePlant inAccumulatedPlant inDepreciation

No.Service ($)Depreciation ($)Service - Net ($)Expense ($)

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

NYPA Form 1 Equivalent

PRODUCTIONSourceDepreciation (p.219)

1Production - LandWP-BC----

2Production - HydroWP-BCln. 22 - Cost of Removal 5/----

3Production - Gas Turbine / Combined CycleWP-BCln. 20 + ln. 23----

4----

TRANSMISSION

5Transmission - LandWP-BC----

6TransmissionWP-BCln. 24 - Cost of Removal 5/----

7----

8Transmission - Cost of Removal 1/WP-BC----

9Excluded Transmission2/WP-BB----

Adjustments to Rate Base

10Transmission - Asset ImpairmentWP-BC----

11WindfarmWP-BC----

12Generator Step-upsWP-BF----

13FACTSWP-BE----

14Marcy South Capitalized Lease 3/-

15…----

16Total Adjustments----

17

18Net Adjusted Transmission----

GENERAL

19General - LandWP-BC----

20GeneralWP-BCln. 27 - Cost of Removal 5/----

21----

Adjustments to Rate Base

22General - Asset Impairment----

23General - Cost of RemovalWP-BC----

24RelicensingWP-BG----

25Excluded General4/WP-BC----

26…----

27Total Adjustments----

28Net Adjusted General Plant----

Notes

1/   Cost of Removal: Bringing back to accumulated depreciation cost of removal which was reclassified to regulatory liabilities in annual report.

2/   Excluded Transmission: Assets not recoverable under ATRR, FERC Accounts 350 and 352-359 for 500 MW, AEII, Poletti, SCPPs, Small Hydro, and Flynn. 3/   Marcy South Capitalized Lease amount is added separately to the Rate Base.

4/   Excluded General: Assets not recoverable under ATRR, FERC Accounts 389-399 for 500 MW, AEII, Poletti, SCPPs, Small Hydro, and Flynn.

SCPPs include Brentwood, Gowanus, Harlem River, Hell Gate, Kent, Pouch and Vernon. Small Hydro includes Ashokan, Crescent, Jarvis and Vischer Ferry.

5/   The difference between the Accumulated Depreciation contained in the NYPA Form 1 Equivalent and the amount contained here is equal to the Cost of Removal.
…

Schedule B3 - Depreciation and Amortization Rates
NEW YORK POWER AUTHORITY

Based on Plant Data Year Ending December 31, 2019 for General and Intangible Plant and December 31, 2020 for Transmission Plant (as filed with FERC in 2022 in Docket ER22-2581)

Line No.FERC AccountFERC Account  DescriptionRate (Annual) Percent 1/

St.Blenheim-J. A.Massena-Marcy-Long IslandNew Project

TRANSMISSION PLANTHeadquartersLawrence/FDRNiagaraGilboaFitzPatrickMarcySouthSound Cable2/

1350Land Rights

2351.1Computer Hardware20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%

3351.2Computer Software20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%

4351.3Communications Equipment10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%

5352Structures and Improvements1.87%1.78%1.60%1.83%0.89%1.92%

6353Station Equipment2.73%2.80%2.79%2.83%2.90%1.67%2.67%

7354Towers and Fixtures1.63%1.65%1.65%0.87%1.84%2.12%2.27%

8355Poles and Fixtures2.26%2.30%1.71%1.75%2.28%2.65%

9356Overhead Conductor and Devices2.32%2.25%1.95%1.37%2.83%2.43%2.45%

10357Underground Conduit1.03%1.76%0.32%1.69%

11358Underground Conductor and Devices2.47%2.91%0.74%2.44%

12359Roads and Trails0.77%0.53%1.02%0.11%1.23%1.42%1.33%

GENERAL PLANT

13390Structures & Improvements1.37%1.69%1.53%1.61%1.70%1.75%

14391Office Furniture & Equipment10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%

15391.2Computer Equipment 5 yr20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%

16391.3Computer Equipment 10 yr10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%

17392Transportation Equipment10.00%4/5.58%4.30%6.30%5.53%10.00%

18393Stores Equipment2.84%3.08%2.11%3.33%

19394Tools, Shop & Garage Equipment4.64%3.92%2.55%5.11%3.71%5.00%

20395Laboratory Equipment5.00%4/5.17%4.26%5.11%4.78%5.00%

21396Power Operated Equipment6.19%5.68%2.28%3.55%8.33%4/8.33%

22397Communication Equipment10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%

23398Miscellaneous Equipment 4/4.000%1.09%4.42%5.02%5.00%4/5.00%

24399Other Tangible Property6.67%6.67%6.67%6.67%6.67%6.67%6.67%6.67%6.67%

INTANGIBLE PLANT

25303Miscellaneous Intangible Plant

265 Year Property20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%

277 Year Property14.29%14.29%14.29%14.29%14.29%14.29%14.29%14.29%14.29%

2810 Year Property10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%

29Transmission facility Contributions in Aid of Construction 3/

Notes:

1/ Where no depreciation rate is listed for a transmission or general plant account for a particular project,

NYPA lacks depreciable plant as of 12/31/2019 or 2020 (or all plant has been fully depreciated). If new plant corresponding to these
accounts is subsequently added for the relevant projects, the "New Project" depreciation rate for the relevant account will apply. 2/ New Project transmission and general depreciation rates are equal to the life of the asset adjusted for salvage.
3/ In the event a Contribution in Aid of Construction (CIAC) is made for a transmission facility, the transmission
depreciation rates above will be weighted based on the relative amount of underlying plant booked to the accounts
shown in lines 1-9 above and the weighted average depreciation rate will be used to amortize the CIAC. The life of a
facility subject to a CIAC will be equivalent to the depreciation rate calculated above, i.e., 100% deprecation rate = life
in years. The estimated life of the facility or rights associated with the facility will not change over the life of a CIAC
without prior FERC approval.

4/ NYPA has replaced the anomalous rates for these assets with New Project rates.

These depreciation rates will not change absent the appropriate filing at FERC.

NEW YORK POWER AUTHORITY

TRANSMISSION REVENUE REQUIREMENT
YEAR ENDING DECEMBER 31, ____

SCHEDULE C1

TRANSMISSION - RATE BASE CALCULATION

GENERAL PLANT

TRANSMISSIONALLOCATED TOTOTALRATE OFRETURN ON

RATE BASETRANSMISSIONTOTALALLOCATORTRANSMISSION ($)TRANSMISSION ($)RETURNRATE BASE

PLANT ($)GENERAL PLANT ($)[Schedule E1](2) * (3)(1) + (4)[Schedule D1](5) * (6)

(1)(2)(3)(4)(5)(6)(7)

1A)  Net Electric Plant in Service-1/-2/---

2B)  Rate Base Adjustments

3* Cash Working Capital (1/8 O&M)-3/-

4* Marcy South Capitalized Lease-4/-

5* Materials & Supplies-5/--

6* Prepayments-6/--

7* Land Held for Future Use-8/--

8* CWIP-7/-

9* Regulatory Asset-7/

10* Abandoned Plant-7/

11TOTAL(sum lines 1-10)-------

1/  Schedule B2; Net Electric Plant in Service; Ln 18
2/  Schedule B2; Net Electric Plant in Service; Ln 28

3/ 1/8 of (Schedule A1; Col 5, Ln 7 + Schedule A2; Col 5, Ln 5)  [45 days] 4/  WP-BD; Average of Year-end Unamortized Balances, Col 5

5/  Average of 13 month inventory Materials & Supplies (WP-CA).  NYPA Form 1 Equivalent, page 227, Ln 12, year ending balance in columns b and c. 6/  WP-CB; Col 3, Ln 14

7/ CWIP, Regulatory Asset and Abandoned Plant are zero until an amount is authorized by FERC as shown below.  Year end CWIP amount is shown in the NYPA Form 1 Equivalent, page 216, line 1

Docket NumberAuthorized Amount

……

8/ WP-CC, Col. 16, Ln 2

NEW YORK POWER AUTHORITY

TRANSMISSION REVENUE REQUIREMENT
YEAR ENDING DECEMBER 31, ____

SCHEDULE  D1

CAPITAL STRUCTURE AND COST OF CAPITAL

CAPITALIZATION RATIOCOST RATEWEIGHTED

Line No.TITLEfrom WP-DA 1/from WP-DA 2/AVERAGESOURCE/COMMENTS

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

1LONG-TERM DEBT0.00%--Col (1) * Col (2)

2COMMON EQUITY0.00%9.45%-Col (1) * Col (2)

3TOTAL CAPITALIZATION0.00%-Col (3); Ln (1) + Ln (2)

Notes

1/   The Common Equity share listed in Col (1) is capped at 50%.  The cap may only be changed pursuant to an FPA Section 205 or 206 filing to FERC.
The Long-Term Debt share is calculated as 1 minus the Common Equity share.

2/   The ROE listed in Col (2) Ln (2) is the base ROE plus 50 basis-point incentive for RTO participation.  ROE may only be changed pursuant to an FPA
Section 205 or 206 filing to FERC.

NEW YORK POWER AUTHORITY

TRANSMISSION REVENUE REQUIREMENT
YEAR ENDING DECEMBER 31, ____

SCHEDULE  D2

PROJECT SPECIFIC CAPITAL STRUCTURE AND COST OF CAPITAL 3/

CAPITALIZATION RATIOCOST RATEWEIGHTED

Line No.TITLEfrom WP-DAfrom WP-DAAVERAGESOURCE/COMMENTS

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

Project 1 - Marcy South Series Compensation - Capital Structure

1LONG-TERM DEBT-1/--Col (1) * Col (2)

2COMMON EQUITY-1/9.45%2/-Col (1) * Col (2)

3TOTAL CAPITALIZATION--Col (3); Ln (1) + Ln (2)

4PROJECT NET PLANT-F1-Proj RR, Col (7), Ln (1b)

5PROJECT BASE RETURN-Col (3) Ln (4) *  WP-DA Col (7) Ln (4)

6PROJECT ALLOWED RETURN-Col (3); Ln (3) * Ln (4)

1A    PROJECT SPECIFIC RETURN ADJUSTMENT-Col (3); Ln (6) - Ln (5)

Project 2 - AC Project Segment A (Central East Energy Connect) - Capital Structure 4/

1LONG-TERM DEBT---Col (1) * Col (2)

2COMMON EQUITY-9.95%-Col (1) * Col (2)

3TOTAL CAPITALIZATION--Col (3); Ln (1) + Ln (2)

4PROJECT NET PLANT-F1-Proj RR, Col (7), Ln (1c)

5PROJECT BASE RETURN-Col (3) Ln (4) *  WP-DA Col (7) Ln (4)

6PROJECT ALLOWED RETURN-Col (3); Ln (3) * Ln (4)

2B    PROJECT SPECIFIC RETURN ADJUSTMENT-Col (3); Ln (6) - Ln (5)

Project 3 - SPC Project -  Capital Structure 5/

1LONG-TERM DEBT---Col (1) * Col (2)

2COMMON EQUITY-9.95%-Col (1) * Col (2)

3TOTAL CAPITALIZATION--Col (3); Ln (1) + Ln (2)

4PROJECT NET PLANT-F1-Proj RR, Col (7), Ln (1d)

5PROJECT BASE RETURN-Col (3) Ln (4) *  WP-DA Col (7) Ln (4)

6PROJECT ALLOWED RETURN-Col (3); Ln (3) * Ln (4)

3C    PROJECT SPECIFIC RETURN ADJUSTMENT-Col (3); Ln (6) - Ln (5)

A    Total Project Adjustments-

Notes

1/   The MSSC Common Equity share listed in Col (1) is capped at 53%.  The cap may only be changed pursuant to an FPA Section 205 or 206 filing to FERC.
The MSSC Long-Term Debt share is calculated as 1 minus the Common Equity share.

2/   The MSSC  ROE listed in Col (2) Ln (2) is the base ROE plus 50 basis-point incentive Congestion Relief Adder.  ROE may only be changed pursuant to an FPA
Section 205 or 206 filing to FERC.

3/   Additional project-specific capital structures added to this Schedule D2 must be approved by FERC.  The cost of long-term debt and common equity
for any such project shall reflect the cost rates in Col (2), Lns (1) and (2) unless a different cost rate is approved by FERC.

4/  The AC Project Segment A cost containment impacts, if any, will be computed on a workpaper and provided as supporting documentation for each applicable Annual Update

consistent with the NYPA Protocols. The ROE listed in Col (2) for AC Project Segment A consists of a 50 basis point ROE Risk Adder per the Commission's approval in Docket No. EL19-88, added to the 9.45% ROE applicable to NYPA’s other transmission assets.  See Schedule D1 and Project 1, above.

5/  The Smart Path Connect Project cost containment impacts, if any, will be computed on a workpaper and provided as supporting documentation for each applicable Annual Update,

consistent with the Commission's Order dated 07/05/22 in Docket No. ER22-1014.  The ROE listed in Col (2) for the Smart Path Connect Project consists of a 50 basis point ROE Risk Adder per the Commission's approval in Docket No. ER 22-1014 added to the 9.45% ROE applicable to NYPA's other transmission assets.  See Schedule D1 and Project 1, above.

NEW YORK POWER AUTHORITY

TRANSMISSION REVENUE REQUIREMENT
YEAR ENDING DECEMBER 31, ____

SCHEDULE E1

A&G AND GENERAL PLANT ALLOCATOR

LineRATIOALLOCATED TOSOURCE/

No.DESCRIPTIONFrom WP-EATRANSMISSIONCOMMENTS

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

1PRODUCTION0.00%

2INCLUDED TRANSMISSION0.00%0.00%Col (2); Ln (2)

3TOTAL0.00%

Schedule F1

Project Revenue Requirement Worksheet
NEW YORK POWER AUTHORITY

YEAR ENDING DECEMBER 31, ____

Line

No.ItemPage, Line, Col.Transmission ($)Allocator

(1)(2)(3)

1Gross Transmission Plant - TotalSchedule B2, line 18, col 1 (Note A)-

1a    Transmission Accumulated DepreciationSchedule B2, line 18, col 2-

1b    Transmission CWIP, Regulatory Asset and Abandoned PlantSchedule C1, lines 8, 9 & 10 (Note B)-

2Net Transmission Plant - TotalLine 1 minus Line 1a plus Line 1b-

O&M TRANSMISSION EXPENSE

3Total O&M Allocated to TransmissionSchedule A1, line 7, col 5 and Schedule A2, line 5, Col 5-

GENERAL DEPRECIATION EXPENSE(Note G)

5Total General Depreciation ExpenseSchedule B1 line 6, col 5-

6Annual Allocation Factor for Expenses([line 3 + line 5] divided by line 1, col 2)--

RETURN

7Return on Rate BaseSchedule C1 line 11, col 7-

`

8Annual Allocation Factor for Return on Rate Base(line 7 divided by line 2 col 2)--

Schedule F1

Project Revenue Requirement Worksheet
NEW YORK POWER AUTHORITY

(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)(13)(14)(14a)(15)(16)(17)

PROJECT

SPECIFIC

AnnualProjectIncentiveCAPITAL

AnnualAllocationDepreciation/Return inSTRUCTURETotal Annual

LineProject Gross PlantProject AccumulatedAnnual AllocationAllocation forProject Net PlantFactor forAnnual Return ChargeAmortizationAnnual RevenuebasisIncentiveAND COST OFRevenueTrue-UpNet Revenue

No.Project Name and #Type($)Depreciation ($)Factor for ExpensesExpenses ($)($)Return($)Expense ($)Requirement ($)PointsReturn ($)DiscountCAPITALRequirement ($)Adjustment ($)Requirement ($)

Per FERC(Schedule F2,

order (NoteLine 10  * (Col.(Sum Col. 11 + 13

(Note C)Page 1 line 6Col. 3 * Col. 5(Note D)(Page 1, line 8)(Col. 7 * Col. 8)(Note E)(Sum Col. 6, 9 & 10)H)12/100)* Col. 7)(Note I)Schedule D2+ 14 +14a)(Note F)Sum Col. 15 + 16

1aNTAC Facilities--0.0000%--0.0000%--------

1bMSSC--0.0000%--0.0000%--------

1cAC Project Segment A (Central East Energy Connect)--0.0000%-0.0000%--------

1dSmart Path Connect - NTAC - ROE Risk Adder--0.0000%--0.0000%-------

1e0.0000%-0.0000%-----

1f0.0000%-0.0000%-----

1g0.0000%-0.0000%-----

1h0.0000%-0.0000%-----

1i0.0000%-0.0000%-----

1j0.0000%-0.0000%-----

1k0.0000%-0.0000%-----

1l0.0000%-0.0000%-----

1m0.0000%-0.0000%-----

1n0.0000%-0.0000%-----

1o0.0000%-0.0000%-----

0.0000%-0.0000%-----

0.0000%-0.0000%-----

0.0000%-0.0000%-----

0.0000%-0.0000%-----

-

2Total---------

Note
Letter

AGross Transmission Plant that is included on Schedule B2, Ln 18, Col 1.

BInclusive of any CWIP, Unamortized Regulatory Asset or Unamortized Abandoned Plant balances included in rate base when authorized by FERC order.

CProject Gross Plant is the total capital investment for the project calculated in the same method as the gross plant value in page 1, line 1 .  This value includes subsequent capital investments required to maintain the facilities to their original capabilities.

Gross plant does not include CWIP, Unamortized Regulatory Asset or Unamortized Abandoned Plant.

D Project Net Plant is the Project Gross Plant Identified in Column 3 less the associated Accumulated Depreciation in page 2, column 4.  Net Plant includes any FERC approved CWIP, Unamortized Abandoned Plant and Regulatory Asset.
E Project Depreciation Expense is the amount in Schedule B1, Ln 6, Col. 2 that is associated with the specified project.  Project Depreciation Expense includes the amortization of Abandoned Plant and any FERC approved Regulatory Asset.

However, if FERC grants accelerated depreciation for a project the depreciation rate authorized by FERC will be used instead of the rates shown on Schedule B3 for all other projects.

FReserved

G     The Total General and Common Depreciation Expense excludes any depreciation expense directly associated with a project and thereby included in page 2 column 8.

H     Requires approval by FERC of incentive return applicable to the specified project(s). A negative number of basis points may be entered to reduce the ROE applicable to a project if a FERC order specifies a lower return for that project.

I The discount is the reduction in revenue, if any, that NYPA agreed to, for instance, to be selected to build facilities as the result of a competitive process and equals the amount by which the annual revenue requirement is reduced from the ceiling rate

Schedule F2
Incentives

NEW YORK POWER AUTHORITY

YEAR ENDING DECEMBER 31, ____

Line

No.ItemReference$

1Rate BaseSchedule C1, line 11, Col. 5-

2100 Basis Point Incentive Return$

Weighted

%CostCost

3Long Term Debt(Schedule D1, line 1)---

Cost = Schedule E, line 2, Cost

4Common Stock(Schedule D1, line 2)plus .01-10.45%-

5Total(sum lines 3-4)-

6100 Basis Point Incentive Return multiplied by Rate Base (line 1 * line 5)-

7Return(Schedule C1, line 11, Col. 7)-

8Incremental Return for 100 basis point increase in ROE(Line 6 less line 7)-

9Net Transmission Plant(Schedule C1, line 1, col. (1)-

10Incremental Return for 100 basis point increase in ROE divided by Rate Base(Line 8 / line 9)-

Notes:

A   Line 5 includes a 100 basis point increase in ROE that is used only to determine the increase in return and income taxes associated with
a 100 basis point increase in ROE.  Any actual incentive is calculated on Schedule F1 and must be approved by FERC.
For example, if FERC were to grant a 137 basis point ROE incentive, the increase in return and taxes for a 100 basis point
increase in ROE would be multiplied by 137 on Schedule F1, Col. 13.

Schedule F3
Project True-Up
Incentives

YEAR ENDING DECEMBER 31, ____

($)

(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)

ActualTrue-UpApplicableTrue-Up

NTAC ATRRNetAdjustmentInterestAdjustmentTotal

LineProjector ProjectActual RevenuesRevenuePrincipalPrior PeriodRate onInterestTrue-Up

No.NameNumberReceived (Note 1)Requirement (Note 2)Under/(Over)AdjustmentUnder/(Over)Under/(Over)Adjustment

(Note A)(Col. (6) + Col. (7)) xCol. (6) + Col. (7)

Amount Actually

Received forSchedule F2 Using Actual

Transmission ServiceCost DataCol. (5) - Col. (4)Line 25, Col. (e)Line 24Col. (8) x 24 months+ Col. (9)

1aNTAC Facilities----

1bMSSC----

1cAC Project Segment A (Central East Energy Connect)----

1d---

1e----

…

…

2Subtotal---

3Under/(Over) Recovery-

Notes:

1)  For all projects and NTAC ATRR, the Actual Revenues Received are the actual revenues NYPA receives from the NYISO in that calendar year.  If NYISO does not break out the revenues per project,
the Actual Revenues Received will be allocated pro rata to each project based on their Actual Net Revenue Requirement in col (5).

2) Schedule F1, Page 2 of 2, col (15).

Schedule F3
Project True-Up
Incentives

FERC Refund Interest Rate

Interest Rates under

4Interest Rate (Note A):YearSection 35.19(a)

5January

6February

7March

8April

9May

10June

11July

12August

13September

14October

15November

16December

17January

18February

19March

20April

21May

22June

23July

-

24Avg. Monthly FERC Rate--

Prior Period Adjustments

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

Project orAdjustmentAmountInterestTotal Adjustment

Schedule 1A Description of the AdjustmentIn Dollars(Note  A)Col. (c) + Col. (d)

25-

25a-

25b-

25c-

…-

…-

26Total-

Notes:APrior Period Adjustments are when an error is discovered relating to a prior true-up or refunds/surcharges ordered by FERC.  The interest on the Prior Period Adjustment excludes

interest for the current true up period, because the interest is included in Ln 25 Col (d).

NEW  YORK POWER AUTHORITY

TRANSMISSION REVENUE REQUIREMENT
YEAR ENDING DECEMBER 31, ____

WORK PAPER AA

Operation and Maintenance Summary

(1)(2)(3)(4)(5)(6)

OVERALLMajor

Line No. Amount ($)PRODUCTIONTRANSMISSIONADMIN & GENERALRESULTCategory

1a555 -    OPSE-Purchased Power--

1b501 -    Steam Product-Fuel--

1c565 -    Trans-Xmsn Elect Oth--

……--

2a506 -    SP-Misc Steam Power-

2b535 -    HP-Oper Supvr&Engrg-

2c537 -    HP-Hydraulic Expense-

2d538 -    HP-Electric Expenses-

2e539 -    HP-Misc Hyd Pwr Gen-

2f546 -    OP-Oper Supvr&Engrg-

2g548 -    OP-Generation Expens-

2h549 -    OP-Misc Oth Pwr Gen-

2i560 -    Trans-Oper Supvr&Eng-

2j561 -    Trans-Load Dispatcng-

2k562 -    Trans-Station Expens-

2l566 -    Trans-Misc Xmsn Exp-

2m905 -   Misc. Customer Accts. Exps-

2nContribution to New York State-

2o916 -   Misc. Sales Expense-

2p920 -    Misc. Admin & Gen'l Salaries-

2q921 -    Misc. Office Supp & Exps-

2r922 -   Administrative Expenses Transferred-

2s923 -   Outside Services Employed-

2t924 -    A&G-Property Insurance-

2u925 -    A&G-Injuries & Damages Insurance-

2v926 -    A&G-Employee Pension & Benefits-

2w926 -    A&G-Employee Pension & Benefits(PBOP)-

2x928 -    A&G-Regulatory Commission Expense-

2y930 -    Obsolete/Excess Inv-

2z930.1-A&G-General Advertising Expense-

2aa930.2-A&G-Miscellaneous & General Expense-

2ab930.5-R & D Expense-

2ac931 -    Rents-

2ad935 -    A&G-Maintenance of General Plant-Operations

……--

3a545 -    HP-Maint Misc Hyd Pl-

3b512 -    SP-Maint Boiler Plt-

3c514 -    SP-Maint Misc Stm Pl-

3d541 -    HP-Maint Supvn&Engrg-

3e542 -    HP-Maint of Struct-

3f543 -    HP-Maint Res Dam&Wtr-

3g544 -    HP-Maint Elect Plant-

3h551 -    OP-Maint Supvn & Eng-

3i552 -    OP-Maint of Struct-

3j553 -    OP-Maint Gen & Elect-

3k554 -    OP-Maint Oth Pwr Prd-

3l568 -    Trans-Maint Sup & En-

3m569 -    Trans-Maint Struct-

3n570 -    Trans-Maint St Equip-

3o571 -    Trans-Maint Ovhd Lns-

3p572 -    Trans-Maint Ungrd Ln-

3q573 -    Trans-Maint Misc Xmn-Maintenance

……--

4a431.1 - Interest on Right-of-Use Assets--

…--

5a403 -    Depreciation Expense-

5b403.1 - Amortization of Right-of-Use Assets-

……--

5TOTALS-----

NEW  YORK POWER AUTHORITY

TRANSMISSION REVENUE REQUIREMENT
YEAR ENDING DECEMBER 31, ____

WORK PAPER AB

Operation and Maintenance Detail

FERC by accounts and profit center

(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)(13)(14)(15)(16)(17)(18)(19)

Amount ($)0100/1050100/1100100/1150100/1200100/1220100/1250100/1300100/1350100/1400100/1450100/1500100/1550100/1560100/1570100/1580100/1590100/160

Line No.FERC G/L AccountsBlenheim-GilboaSt. LawrenceNiagaraPolettiAstoria Energy IIFlynnJarvisCrescentVischer FerryAshokanKensicoHell GateHarlem RiverVernon Blvd.23rd & 3rd (Gowanus)N 1st &Grand (Kent)Pouch Terminal

1a403 -    Depreciation Expense

1b501 -    Steam Product-Fuel

1c506 -    SP-Misc Steam Power

1d512 -    SP-Maint Boiler Plt

1e514 -    SP-Maint Misc Stm Pl

1f535 -    HP-Oper Supvr&Engrg

1g537 -    HP-Hydraulic Expense

1h538 -    HP-Electric Expenses

1i539 -    HP-Misc Hyd Pwr Gen

1j541 -    HP-Maint Supvn&Engrg

1k542 -    HP-Maint of Struct

1l543 -    HP-Maint Res Dam&Wtr

1m544 -    HP-Maint Elect Plant

1n545 -    HP-Maint Misc Hyd Pl

1o546 -    OP-Oper Supvr&Engrg

1p548 -    OP-Generation Expens

1q549 -    OP-Misc Oth Pwr Gen

1r551 -    OP-Maint Supvn & Eng

1s552 -    OP-Maint of Struct

1t553 -    OP-Maint Gen & Elect

1u554 -    OP-Maint Oth Pwr Prd

1v555 -    OPSE-Purchased Power

1w560 -    Trans-Oper Supvr&Eng

1x561 -    Trans-Load Dispatcng

1y562 -    Trans-Station Expens

1z565 -    Trans-Xmsn Elect Oth

1aa566 -    Trans-Misc Xmsn Exp

1ab568 -    Trans-Maint Sup & En

1ac569 -    Trans-Maint Struct

1ad570 -    Trans-Maint St Equip

1ae571 -    Trans-Maint Ovhd Lns

1af572 -    Trans-Maint Ungrd Ln

1ag573 -    Trans-Maint Misc Xmn

1ah905 -   Misc. Customer Accts. Exps

1ai916 -   Misc. Sales Expense

1ak920 -    Misc. Admin & Gen'l Salaries

1al921 -    Misc. Office Supp & Exps

1am922 -   Administrative Expenses Transferred

1an923 -   Outside Services Employed

1ao924 -    A&G-Property Insurance

1ap925 -    A&G-Injuries & Damages Insurance

1aq926 -    A&G-Employee Pension & Benefits(PBOP)

1ar926 -    A&G-Employee Pension & Benefits

1as928 -    A&G-Regulatory Commission Expense

1at930 -    Obsolete/Excess Inv

1au931 -    Rents

1av930.5-R & D Expense

1aw930.1-A&G-General Advertising Expense

1ax930.2-A&G-Miscellaneous & General Expense

1ay935 -    A&G-Maintenance of General Plant

1az431.1 - Interest on Right-of-Use Assets

1ba403.1 - Amortization of Right-of-Use Assets

…

2Contribution to New York State

3Overall Result-----------------

FERC by accounts and profit center

(1)(2)(20)(21)(22)(23)(24)(25)(26)(27)(28)(29)(30)(31)(32)(33)(34)(35)(36)

0100/1610100/1650100/2050100/2100100/2150100/2200100/2250100/2300100/2350100/2400100/2450100/2550100/3050100/3100100/3200100/3210100/410

Line No.FERC G/L AccountsBrentwood500MW Combined CycleBG TransJAF TransIP3/Pol TransMarcy/Clark TransMarcy South TransNiagara TransSound CableST Law Trans765 KV TransHTP TransDSMHeadquartersPower for JobsRecharge NYJAF

1a403 -    Depreciation Expense

1b501 -    Steam Product-Fuel

1c506 -    SP-Misc Steam Power

1d512 -    SP-Maint Boiler Plt

1e514 -    SP-Maint Misc Stm Pl

1f535 -    HP-Oper Supvr&Engrg

1g537 -    HP-Hydraulic Expense

1h538 -    HP-Electric Expenses

1i539 -    HP-Misc Hyd Pwr Gen

1j541 -    HP-Maint Supvn&Engrg

1k542 -    HP-Maint of Struct

1l543 -    HP-Maint Res Dam&Wtr

1m544 -    HP-Maint Elect Plant

1n545 -    HP-Maint Misc Hyd Pl

1o546 -    OP-Oper Supvr&Engrg

1p548 -    OP-Generation Expens

1q549 -    OP-Misc Oth Pwr Gen

1r551 -    OP-Maint Supvn & Eng

1s552 -    OP-Maint of Struct

1t553 -    OP-Maint Gen & Elect

1u554 -    OP-Maint Oth Pwr Prd

1v555 -    OPSE-Purchased Power

1w560 -    Trans-Oper Supvr&Eng

1x561 -    Trans-Load Dispatcng

1y562 -    Trans-Station Expens

1z565 -    Trans-Xmsn Elect Oth

1aa566 -    Trans-Misc Xmsn Exp

1ab568 -    Trans-Maint Sup & En

1ac569 -    Trans-Maint Struct

1ad570 -    Trans-Maint St Equip

1ae571 -    Trans-Maint Ovhd Lns

1af572 -    Trans-Maint Ungrd Ln

1ag573 -    Trans-Maint Misc Xmn

1ah905 -   Misc. Customer Accts. Exps

1ai916 -   Misc. Sales Expense

1ak920 -    Misc. Admin & Gen'l Salaries

1al921 -    Misc. Office Supp & Exps

1am922 -   Administrative Expenses Transferred

1an923 -   Outside Services Employed

1ao924 -    A&G-Property Insurance

1ap925 -    A&G-Injuries & Damages Insurance

1aq926 -    A&G-Employee Pension & Benefits(PBOP)

1ar926 -    A&G-Employee Pension & Benefits

1as928 -    A&G-Regulatory Commission Expense

1at930 -    Obsolete/Excess Inv

1au931 -    Rents

1av930.5-R & D Expense

1aw930.1-A&G-General Advertising Expense

1ax930.2-A&G-Miscellaneous & General Expense

1ay935 -    A&G-Maintenance of General Plant

1az431.1 - Interest on Right-of-Use Assets

1ba403.1 - Amortization of Right-of-Use Assets

…

2Contribution to New York State

3Overall Result-----------------

FERC by accounts and profit center

(1)(2)(37)(38)(39)(40)(41)(42)(43)(44)(45)(46)(47)(48)(49)

0100/6000100/7000100/8000100/9000100/9010100/2650100/3220100/3500100/5500100/7010100/902Overall Result

Line No.FERC G/L AccountsSENYCESCanal CorpEV Charging StationsLarge Energy StorageAC ProceedingsGPSPCanals ReimaginedCANALS CAPITALNYEMLrg Scale Renewables

1a403 -    Depreciation Expense-

1b501 -    Steam Product-Fuel-

1c506 -    SP-Misc Steam Power-

1d512 -    SP-Maint Boiler Plt-

1e514 -    SP-Maint Misc Stm Pl-

1f535 -    HP-Oper Supvr&Engrg-

1g537 -    HP-Hydraulic Expense-

1h538 -    HP-Electric Expenses-

1i539 -    HP-Misc Hyd Pwr Gen-

1j541 -    HP-Maint Supvn&Engrg-

1k542 -    HP-Maint of Struct-

1l543 -    HP-Maint Res Dam&Wtr-

1m544 -    HP-Maint Elect Plant-

1n545 -    HP-Maint Misc Hyd Pl-

1o546 -    OP-Oper Supvr&Engrg-

1p548 -    OP-Generation Expens-

1q549 -    OP-Misc Oth Pwr Gen-

1r551 -    OP-Maint Supvn & Eng-

1s552 -    OP-Maint of Struct-

1t553 -    OP-Maint Gen & Elect-

1u554 -    OP-Maint Oth Pwr Prd-

1v555 -    OPSE-Purchased Power-

1w560 -    Trans-Oper Supvr&Eng-

1x561 -    Trans-Load Dispatcng-

1y562 -    Trans-Station Expens-

1z565 -    Trans-Xmsn Elect Oth-

1aa566 -    Trans-Misc Xmsn Exp-

1ab568 -    Trans-Maint Sup & En-

1ac569 -    Trans-Maint Struct-

1ad570 -    Trans-Maint St Equip-

1ae571 -    Trans-Maint Ovhd Lns-

1af572 -    Trans-Maint Ungrd Ln-

1ag573 -    Trans-Maint Misc Xmn-

1ah905 -   Misc. Customer Accts. Exps-

1ai916 -   Misc. Sales Expense-

1ak920 -    Misc. Admin & Gen'l Salaries-

1al921 -    Misc. Office Supp & Exps-

1am922 -   Administrative Expenses Transferred-

1an923 -   Outside Services Employed-

1ao924 -    A&G-Property Insurance-

1ap925 -    A&G-Injuries & Damages Insurance-

1aq926 -    A&G-Employee Pension & Benefits(PBOP)-

1ar926 -    A&G-Employee Pension & Benefits-

1as928 -    A&G-Regulatory Commission Expense-

1at930 -    Obsolete/Excess Inv-

1au931 -    Rents-

1av930.5-R & D Expense-

1aw930.1-A&G-General Advertising Expense-

1ax930.2-A&G-Miscellaneous & General Expense-

1ay935 -    A&G-Maintenance of General Plant-

1az431.1 - Interest on Right-of-Use Assets-

1ba403.1 - Amortization of Right-of-Use Assets-

…-

2Contribution to New York State-