14.2.3 NYPA Formula Rate

14.2.3.1   Formula Rate Template

Exhibit No. PA-102, INDEX

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-BD
Work Paper-BE
Work Paper-BF
Work Paper-BG
Work Paper-BH
Work Paper-BI
Work Paper-CA
Work Paper-CB
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 LABOR  RATIO

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

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

GENERATOR STEP-UP TRANSFORMERS BREAKOUT

RELICENSING/RECLASSIFICATION EXPENSES ASSET IMPAIRMENT

COST OF REMOVAL

MATERIALS AND SUPPLIES

ESTIMATED PREPAYMENTS AND INSURANCE WEIGHTED COST OF CAPITAL

LONG-TERM DEBT AND RELATED INTEREST CALCULATION OF LABOR RATIO

STATEMENT OF REVENUES , EXPENSES, AND CHANGES IN NET POSITION STATEMENT OF NET POSITION

CAPITAL ASSETS
RECONCILIATIONS BETWEEN ANNUAL REPORT & ATRR

Exhibit No. PA-102, SCH - Summary

NEW YORK POWER AUTHORITY

TRANSMISSION REVENUE REQUIREMENT
YEAR ENDING DECEMBER 31, ____

TRANSMISSION REVENUE REQUIREMENT SUMMARY

Line No. A. OPERATING EXPENSESTOTAL $SOURCE/COMMENTS

(1)(2)

1Operation & Maintenance Expense-Schedule A1, Col 5, Ln 17

2Administration & General Expenses-Schedule A2, Col 5, Ln 22

3Depreciation & Amortization Expense-Schedule B1, Col 6, Ln 26

4TOTAL OPERATING EXPENSE-Sum lines 1, 2, & 3

5B. RATE BASE-Schedule C1, Col 5, Ln 10

6Return on Rate Base-Schedule C1, Col 7, Ln 10

6aTotal Project Specific Return Adustment-Schedule D2, Col 3, Ln A

7TOTAL REVENUE REQUIREMENT-Line 4 + Line 6 + Line 6a

8Incentive Return-Schedule F1, page 2, line 2, col. 13

9True-up Adjustment-Schedule F3, page 1, line 3, col. 10

10NET ADJUSTED REVENUE REQUIREMENT-Line 7 + line 8 + line 9

Breakout by Project

11NTAC Facilities-Schedule F1, page 2, line 1a, col. 16

11aProject 1 - Marcy South Series Compensation-Schedule F1, page 2, line 1b, col. 16

11bProject 2-Schedule F1, page 2, line 1c, col. 16

11c--

…---

12Total Break out-Sum lines 11

Note 1The revenue requirements shown on lines 11 and 11a et seq. and 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.

Exhibit No. PA-102, SCH-A1

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:

1560Supervision & EngineeringWP-AA, Col (5)-Page 321 line 83

2561Load DispatchingWP-AA, Col (5)-Page 321 lines 85-92

3562Station ExpensesWP-AA, Col (5)-Page 321 line 93

4566Misc. Trans. ExpensesWP-AA, Col (5)-Page 321 line 97

5Total Operation(sum lines 1-4)-

MAINTENANCE:

6568Supervision & EngineeringWP-AA, Col (5)-Page 321 line 101

7569StructuresWP-AA, Col (5)-Page 321 line 102-106

8570Station EquipmentWP-AA, Col (5)-Page 321 line 107

9571Overhead LinesWP-AA, Col (5)-Page 321 line 108

10572Underground LinesWP-AA, Col (5)-Page 321 line 109

11573Misc. Transm. PlantWP-AA, Col (5)-Page 321 line 110

12Total  Maintenance(sum lines 6-11)-

13TOTAL O&M TRANSMISSION(sum lines 5 & 12)-

Adjustments(Note 2)

14Step-up TransformersWP-AC, Col (1) line 5-

15FACTS (Note 1)WP-AD,Col (1) line 5-

16Microwave Tower Rental IncomeWP-AE, Col (3) line 2-

17TOTAL ADJUSTED O&M TRANSMISSION(sum lines 13-16)-

Note 1Flexible Alternating Current Transmission System device

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

Exhibit No. PA-102, SCH-A2

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 ($)Labor RatioTransmission ($)Source/CommentsNYPA Form 1 Equivalent

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

Administrative & General Expenses

1920A&G SalariesWP-AA, Col (5)-Page 323 line 181

2921Office Supplies & ExpensesWP-AA, Col (5)-Page 323 line 182

3922Admin. Exp. Transferred-CrWP-AA, Col (5)-Page 323 line 183

4923Outside Services EmployedWP-AA, Col (5)-Page 323 line 184

5924Property InsuranceWP-AA, Col (5)--See WP-AG; Col (3) ,Ln 4Page 323 line 185

6925Injuries & Damages InsuranceWP-AA, Col (5)--See WP-AH; Col (3) ,Ln 4Page 323 line 186

7926Employee Pensions & BenefitsWP-AA, Col (5)-Page 323 line 187

8928Reg. Commission ExpensesWP-AA, Col (5)--See WP-AA; Col (3), Ln 2xPage 323 line 189

9930Obsolete/Excess InvWP-AA, Col (5)-Page 323 line 190.5

10930.1General Advertising ExpenseWP-AA, Col (5)-Page 323 line 191

11930.2Misc. General ExpensesWP-AA, Col (5)-Page 323 line 192

12930.5Research & Development2/--2/Page 323 line 192.5

13931RentsWP-AA, Col (5)-Page 323 line 193

14935Maint of General Plant A/C 932WP-AA, Col (5)-Page 323 line 196

15TOTAL(sum lines 1-14)-

16Less A/C 924Less line 5-Page 323 line 185

17Less A/C 925Less line 6-Page 323 line 186

18Less EPRI Dues1/-

19Less A/C 928Less line 8-Page 323 line 189

20Less A/C 930.5Less line 12-3/

21PBOP AdjustmentWP-AF-

22TOTAL A&G Expense(sum lines 16 to 21)---- Allocated based on

transmission labor

23NET A&G TRANSMISSION EXPENSE(sum lines 1 to 22)-allocator (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-Labor Ratio 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.

Exhibit No. PA-102, SCH-B1

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 PlantLabor Ratio (%)Transm. Col (3)*(4)Col (2)+(5)

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

1352Structures & ImprovementsWP-BA, Col (4)-

2353Station EquipmentWP-BA, Col (4)-

3354Towers & FixturesWP-BA, Col (4)-

4355Poles & FixturesWP-BA, Col (4)-

5356Overhead Conductors & DevicesWP-BA, Col (4)-

6357Underground ConduitWP-BA, Col (4)-

7358Underground Conductors & DevicesWP-BA, Col (4)-

8359Roads & TrailsWP-BA, Col (4)-

9Unadjusted Depreciation-

10390Structures & ImprovementsWP-BA, Col (4)-

11391Office Furniture & EquipmentWP-BA, Col (4)-

12392Transportation EquipmentWP-BA, Col (4)-

13393Stores EquipmentWP-BA, Col (4)-

14394Tools, Shop & Garage EquipmentWP-BA, Col (4)-

15395Laboratory EquipmentWP-BA, Col (4)-

16396Power Operated EquipmentWP-BA, Col (4)-

17397Communication EquipmentWP-BA, Col (4)-

18398Miscellaneous EquipmentWP-BA, Col (4)-

19399Other Tangible PropertyWP-BA, Col (4)-

20Unadjusted General Plant Depreciation-

Adjustments

21Capitalized Lease AmortizationSchedule B2, Col 4, line 14-

22FACTSSchedule B2, Col 4, line 13-

23WindfarmSchedule B2, Col 4, line 11-

24Step-up TransformersSchedule B2, Col 4, line 12-

25Relicensing ReclassificationWP-BG, Col 4-

26TOTAL(Sum lines 1-25)---1/--

1/  See Schedule-E1, Col (3), Ln 2

Exhibit No. PA-102, SCH- B2

NEW YORK POWER AUTHORITY

TRANSMISSION REVENUE REQUIREMENT
YEAR ENDING DECEMBER 31, ____

SCHEDULE B2

ADJUSTED PLANT IN SERVICE

____________ - ____ Average

Net

LinePlant inAccumulatedPlant inDepreciationPlant inAccumulatedPlant inDepreciationPlant inAccumulatedPlant in

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

(1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)

NYPA Form 1 Equivalent

Plant in Service

PRODUCTIONSource(p. 204-207 column (g))Depreciation (p.219)

1Production - LandWP-BCln. 8 + ln. 27 + ln. 37-----------

2Production - HydroWP-BCln. 35 - ln. 27ln. 22 - Cost of Removal 5/-----------

3Production - Gas Turbine / Combined CycleWP-BCln. 16 + ln. 45 + ln. 100.5 - ln. 8 - ln. 37ln. 20 + ln. 23-----------

4-----------

TRANSMISSION

5Transmission - LandWP-BCln. 48-----------

6TransmissionWP-BCln. 58 + ln. 100.6 - ln. 48ln. 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/--

15Total Adjustments-----------

16

17Net Adjusted Transmission-----------

-

GENERAL

18General - LandWP-BCln. 86-----------

19GeneralWP-BCln. 99 - ln. 86ln. 27 - Cost of Removal 5/-----------

20ln. 99-----------

Adjustments to Rate Base

21General - Asset Impairment-----------

22General - Cost of RemovalWP-BC-----------

23RelicensingWP-BG-----------

24Excluded General4/WP-BC-----------

24Total Adjustments-----------

25Net 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.

Exhibit No. PA-102, SCH-B3

"1$2"#3*

4 !5*6  54 *  78  5*98!

!"#$%&  '() *+#',#'"-. +/+0

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

TRANSMISSION PLANTHeadquartersSt. Lawrence/FDRNiagaraBlenheim-GilboaJ. A. FitzPatrickMassena-MarcyMarcy-SouthLong Island Sound Cable 2/New Project

1350Land Rights

2352Structures and Improvements1.34%1.22%1.05%1.30%3.33%1.60%

3353Station Equipment1.51%1.62%1.75%1.48%1.55%3.33%1.87%

4354Towers and Fixtures3.20%2.04%1.72%1.06%1.89%2.04%2.06%

5355Poles and Fixtures2.22%1.98%1.30%1.45%1.77%2.06%

6356Overhead Conductor and Devices2.50%1.95%1.36%0.97%2.14%1.74%1.88%

7357Underground Conduit0.18%1.23%3.33%1.40%

8358Underground Conductor and Devices0.17%1.29%3.33%1.75%

9359Roads and Trails0.55%0.28%0.64%0.13%0.73%0.90%1.00%

GENERAL PLANT

10390Structures & Improvements1.14%1.45%0.97%1.50%1.34%3.45%1.67%

11391Office Furniture & Equipment5.56%5.56%5.56%5.56%5.56%9.08%5.56%

12391.2Computer Equipment 5 yr20.00%20.00%20.00%20.00%20.00%20.00%

13391.3Computer Equipment 10 yr10.00%10.00%10.00%10.00%10.00%10.00%

14392Transportation Equipment2.56%4.49%2.96%5.03%4.48%13.04%10.00%

15393Stores Equipment2.65%3/3.21%3.33%3.15%3.33%

16394Tools, Shop & Garage Equipment2.88%6.45%4.14%3.67%1.20%4.94%5.00%

17395Laboratory Equipment4.82%5.48%1.57%2.30%1.52%4.43%5.00%

18396Power Operated Equipment5.47%6.51%7.23%4.81%3/9.33%8.33%

19397Communication Equipment6.67%6.67%6.67%6.67%6.67%6.67%6.63%6.67%

20398Miscellaneous Equipment 4/0.002%11.04%0.86%3.67%0.02%5.94%5.00%

215 Year Property20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%20.00%

2210 Year Property10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%10.00%

2320 Year Property5.00%5.00%5.00%5.00%5.00%5.00%5.00%5.00%5.00%

24399Other Tangible Property6.67%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 Construction5/

Notes:

1/ Where no depreciation rate is listed for a transmission or general plant account for a particular project (other than the Long Island

Sound Cable), NYPA lacks depreciable plant as of 12/31/2015 (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/ This schedule does not contain updated depreciation rates for the Long Island Sound Cable, an asset not included in the NYPA
Depreciation Study filed at FERC in 2017.  NYPA recovers the cost of the cable from the Long Island Power Authority through
debt service, and consistent with past practice NYPA uses a 30-year depreciable life for the cable based on the 30-year term of
of the bonds purchased to construct the facility in 1991.

3/ Fully accrued.  If plant added to Marcy-South Account 396,  8.33% rate applies; if plant added to Niagara Account 393, 3.33% rate applies. 4/ For Headquarters Account 398, plant nearly fully accrued.  If plant is added to this account, 5.00% rate applies.
5/ 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.

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

Exhibit No. PA-102, SCH-C1

NEW YORK POWER AUTHORITY

TRANSMISSION REVENUE REQUIREMENT
YEAR ENDING DECEMBER 31, ____

SCHEDULE C1

TRANSMISSION - RATE BASE CALCULATION

TRANSM.GENERAL PLANT

LABORALLOCATED TOTOTALRATE OFRETURN ON

RATE BASETRANSMISSIONTOTALRATIOTRANSMISSION ($)TRANSMISSION ($)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* CWIP-7/

8* Regulatory Asset-7/

9* Abandoned Plant-7/

10TOTAL(sum lines 1-9)-------

1/  Schedule B2; Net Electric Plant in Service; Ln 17
2/  Schedule B2; Net Electric Plant in Service; Ln 25

3/ 1/8 of (Schedule A1; Col 5, Ln 17 + Schedule A2; Col 5, Ln 22)  [45 days] 4/  WP-BD; Average of Year-end Unamortized Balances, Col 5

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

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

Docket Number Authorized Amount

Exhibit No. PA-102, SCH-D1

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.

Exhibit No. PA-102, SCH-D2

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-

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

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

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

Project X

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.

Exhibit No. PA-102, SCH-E1

NEW YORK POWER AUTHORITY

TRANSMISSION REVENUE REQUIREMENT
YEAR ENDING DECEMBER 31, ____

SCHEDULE E1

LABOR RATIO

LineLABOR AMOUNT ($)ALLOCATED TOSOURCE/

NYPA Form 1

No.DESCRIPTIONFrom WP-EARATIOTRANSMISSIONCOMMENTSEquivalent

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

1PRODUCTION--Page 354 lines 17, 20, 24

2TRANSMISSION---Col (1); Ln (2) / Ln (3)Page 354 line 21

3TOTAL LABOR--

Exhibit No. PA-102, SCH-F1

Page 1 of 2

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 17, col 9 (Note A)-

1aTransmission Accumulated DepreciationSchedule B2, line 17, col 10-

1bTransmission CWIP, Regulatory Asset and Abandoned PlantSchedule C1, lines 7, 8, & 9 (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 17, col 5 and Schedule A2, line 22, Col 5-

GENERAL DEPRECIATION EXPENSE

5Total General Depreciation ExpenseSchedule B1 line 26, col 5-

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

RETURN

7Return on Rate BaseSchedule C1 line 10, col 7-

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

Exhibit PA-102, SCH-F1Page 2 of 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

ProjectCAPITAL

Depreciation/AmIncentiveSTRUCTURETotal AnnualNet Revenue

LineProject Gross PlantProject AccumulatedAnnual AllocationAnnual AllocationProject Net PlantAnnual AllocationortizationAnnual RevenueReturn inAND COST OFRevenueTrue-UpRequirement

No.Project Name and #Type($)Depreciation ($)Factor for Expensesfor Expenses ($)($)Factor for ReturnAnnual Return Charge ($)Expense ($)Requirement ($)basis PointsIncentive Return ($)DiscountCAPITALRequirement ($)Adjustment ($)($)

Per FERC(Schedule F2, Line

(Sum Col. 6, 9 &order (Note10  * (Col. 12/100)*(Sum Col. 11 + 13Sum Col. 15 +

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

1aNTAC Facilities---------------

1b--------------

1c---------------

1d----------------

1e----------------

1f----------------

1g----------------

1h----------------

1i----------------

1j----------------

1k----------------

1l----------------

1m----------------

1n----------------

1o----------------

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

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

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

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

-

2Total----------

Note

Letter

AGross Transmission Plant that is included on Schedule B2, Ln 17, Col 5.

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.

DProject 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.

EProject Depreciation Expense is the amount in Schedule B1, Ln 26, 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

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

HRequires 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.

IThe 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

Exhibit No. PA-102, SCH-F2

Schedule F2

Incentives

NEW YORK POWER AUTHORITY

YEAR ENDING DECEMBER 31, ____

Line

No.ItemReference$

1 Rate BaseSchedule C1, line 10, Col. 5-

2 100 Basis Point Incentive Return$

Weighted

%CostCost

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

Cost = Schedule E, line 2, Cost plus

4   Common Stock(Schedule D1, line 2).01-0.1045-

5 Total  (sum lines 3-4)-

6 100 Basis Point Incentive Return multiplied by Rate Base (line 1 * line 5)-

7 Return(Schedule C1, line 10, Col. 7)-

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

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

10  Incremental 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.

Exhibit No. PA-102, SCH-F3

Page 1 of 2

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 ReceivedSchedule F2 Using Actual Cost

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

1aNTAC Facilities--------

1b--------

1c--------

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 (16).

Exhibit No. PA-102, SCH-F3

Schedule F3Page 2 of 2

Project True-Up
Incentives

FERC Refund Interest Rate

Interest Rates under Section

4Interest Rate (Note A):Year35.19(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).

Exhibit No. PA-102, WP-AA

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----

2n905 -   Misc. Customer Accts. Exps----

2mContribution 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----

3n569 -    Trans-Maint Struct----

3m570 -    Trans-Maint St Equip----

3o571 -    Trans-Maint Ovhd Lns----

3p572 -    Trans-Maint Ungrd Ln----

3q573 -    Trans-Maint Misc Xmn----Maintenance

…------

4a403 -    Depreciation Expense----

…------

5TOTALS-----

Exhibit No. PA-102, WP-AB

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&W tr

1n544 -    HP-Maint Elect Plant

1m545 -    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

1az

…-

2Contribution to New York State

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

Exhibit No. PA-102, WP-AB

FERC by accounts and profit center

(1)(2)(12)

0100/161

FERC G/L AccountsBrentwood

403 -    Depreciation Expense
501 -    Steam Product-Fuel
506 -    SP-Misc Steam Power
512 -    SP-Maint Boiler Plt
514 -    SP-Maint Misc Stm Pl
535 -    HP-Oper Supvr&Engrg
537 -    HP-Hydraulic Expense
538 -    HP-Electric Expenses
539 -    HP-Misc Hyd Pwr Gen
541 -    HP-Maint Supvn&Engrg
542 -    HP-Maint of Struct
543 -    HP-Maint Res Dam&W tr
544 -    HP-Maint Elect Plant
545 -    HP-Maint Misc Hyd Pl
546 -    OP-Oper Supvr&Engrg
548 -    OP-Generation Expens
549 -    OP-Misc Oth Pwr Gen
551 -    OP-Maint Supvn & Eng
552 -    OP-Maint of Struct
553 -    OP-Maint Gen & Elect
554 -    OP-Maint Oth Pwr Prd
555 -    OPSE-Purchased Power
560 -    Trans-Oper Supvr&Eng
561 -    Trans-Load Dispatcng
562 -    Trans-Station Expens
565 -    Trans-Xmsn Elect Oth
566 -    Trans-Misc Xmsn Exp
568 -    Trans-Maint Sup & En
569 -    Trans-Maint Struct
570 -    Trans-Maint St Equip
571 -    Trans-Maint Ovhd Lns
572 -    Trans-Maint Ungrd Ln
573 -    Trans-Maint Misc Xmn
905 -   Misc. Customer Accts. Exps
916 -   Misc. Sales Expense
920 -    Misc. Admin & Gen'l Salaries
921 -    Misc. Office Supp & Exps

922 -   Administrative Expenses Transferred 923 -   Outside Services Employed
924 -    A&G-Property Insurance

925 -    A&G-Injuries & Damages Insurance

926 -    A&G-Employee Pension & Benefits(PBOP) 926 -    A&G-Employee Pension & Benefits
928 -    A&G-Regulatory Commission Expense 930 -    Obsolete/Excess Inv

931 -    Rents

930.5-R & D Expense

930.1-A&G-General Advertising Expense

930.2-A&G-Miscellaneous & General Expense
935 -    A&G-Maintenance of General Plant

-

Contribution to New York State