Georgia-Alabama-South Carolina System, 55817-55829 [2012-22308]

Agencies

• DEPARTMENT OF ENERGY
• Southeastern Power Administration

[Federal Register Volume 77, Number 176 (Tuesday, September 11, 2012)]
[Notices]
[Pages 55817-55829]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-22308]


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DEPARTMENT OF ENERGY

Southeastern Power Administration


Georgia-Alabama-South Carolina System

AGENCY: Southeastern Power Administration, (Southeastern), Department 
of Energy.

ACTION: Notice of interim approval.

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SUMMARY: The Deputy Secretary, Department of Energy, confirmed and 
approved, on an interim basis new rate schedules SOCO-1-E, SOCO-2-E, 
SOCO-3-E, SOCO-4-E, ALA-1-N, MISS-1-N, Duke-1-E, Duke-2-E, Duke-3-E, 
Duke-4-E, Santee-1-E, Santee-2-E, Santee-3-E, Santee-4-E, SCE-G-1-E, 
SCE-G-2-E, SCE&G-3-E, SCE&G-4-E, Pump-1-A, Pump-2, Replacement-1, and 
Regulation-1. These rate schedules are applicable to Southeastern power 
sold to existing preference customers in Mississippi, Alabama, Florida, 
Georgia, North Carolina, and South Carolina. The rate schedules are 
approved on an interim basis through September 30, 2017, and are 
subject to confirmation and approval by the Federal Energy Regulatory 
Commission (FERC) on a final basis.

DATES: Approval of rates on an interim basis is effective October 1, 
2012.

FOR FURTHER INFORMATION CONTACT: Virgil Hobbs, Assistant Administrator, 
Finance and Marketing, Southeastern Power Administration, Department of

[[Page 55818]]

Energy, 1166 Athens Tech Road, Elberton, Georgia 30635-4578, (706) 213-
3800.

SUPPLEMENTARY INFORMATION: The Federal Energy Regulatory Commission, by 
Order issued June 30, 2011, in Docket No. EF10-11-000 (135 FERC ] 
62,267), confirmed and approved Wholesale Power Rate Schedules SOCO-1-
D, SOCO-2-D, SOCO-3-D, SOCO-4-D, ALA-1-M, MISS-1-M, Duke-1-D, Duke-2-D, 
Duke-3-D, Duke-4-D, Santee-1-D, Santee-2-D, Santee-3-D, Santee-4-D, 
SCE&G-1-D, SCE&G-2-D, SCE&G-3-D, SCE&G-4-D, Pump-1-A, Pump-2, 
Replacement-1, and Regulation-1 through September 30, 2015. This order 
replaces these rate schedules on an interim basis, subject to final 
approval by FERC.

    Dated: September 4, 2012.
Daniel B. Poneman,
Deputy Secretary.

DEPARTMENT OF ENERGY

DEPUTY SECRETARY

    In the Matter of: Southeastern Power Administration), Georgia-
Alabama-South Carolina System Power Rates

Rate Order No. SEPA-56

ORDER CONFIRMING AND APPROVING POWER RATES ON AN INTERIM BASIS

    Pursuant to Sections 302(a) of the Department of Energy 
Organization Act, Public Law 95-91, the functions of the Secretary 
of the Interior and the Federal Power Commission under Section 5 of 
the Flood Control Act of 1944, 16 U.S.C. 825s, relating to the 
Southeastern Power Administration (Southeastern), were transferred 
to and vested in the Secretary of Energy. By Delegation Order No. 
00-037.00, effective December 6, 2001, the Secretary of Energy 
delegated to Southeastern's Administrator the authority to develop 
power and transmission rates, to the Deputy Secretary of Energy the 
authority to confirm, approve, and place in effect such rates on 
interim basis, and to the Federal Energy Regulatory Commission 
(FERC) the authority to confirm, approve, and place into effect on a 
final basis or to disapprove rates developed by the Administrator 
under the delegation. This rate is issued by the Deputy Secretary 
pursuant to that delegation order.

BACKGROUND

    Power from the Georgia-Alabama-South Carolina Projects is 
presently sold under Wholesale Power Rate Schedules SOCO-1-D, SOCO-
2-D, SOCO-3-D, SOCO-4-D, ALA-1-M, MISS-1-M, Duke-1-D, Duke-2-D, 
Duke-3-D, Duke-4-D, Santee-1-D, Santee-2-D, Santee-3-D, Santee-4-D, 
SCE&G-1-D, SCE&G-2-D, SCE&G-3-D, SCE&G-4-D, Pump-1-A, Pump-2, 
Replacement-1, and Regulation-1. These rate schedules were approved 
by the FERC in docket number EF10-11-000 on June 20, 2011, for a 
period ending September 30, 2015 (135 FERC ] 62,267).

Public Notice and Comment

    Notice of a proposed rate adjustment was published in the 
Federal Register March 7, 2012 (77 FR 13594). The notice advised 
interested parties of a proposed increase in the capacity and energy 
rates of about fifteen percent (15%). The proposed increase in the 
revenue requirement was about ten percent (10%) and the increase in 
the capacity and energy rates was about fifteen percent (15%). A 
public information and comment forum was scheduled for April 24, 
2012, in Atlanta, Georgia. By notice published June 8, 2012, (77 FR 
34037) the comment period was extended to June 19, 2012. Comments 
were received from four parties at the forum. Written comments were 
received from one source.
    Comments received from interested parties are summarized below. 
Southeastern's response follows each comment.
    Comment 1: The proposed rate increase brings the rates for SEPA 
energy closer to or above prevailing market rates in the Southeast. 
It simply makes no sense to pay above-market rates for the SEPA 
energy when less expensive alternatives are available. SEPA is in 
danger of pricing itself out of the market.
    Response 1: Southeastern believes that each customer should look 
at their respective situations. Southeastern is not in a position to 
evaluate whether or not each customer should continue to purchase 
federal power.
    Under section 5 of the Flood Control Act of 1944, Southeastern 
is required to develop rate schedules that recover the cost of 
producing and transmitting the power it markets. The proposed rate 
schedules were developed to meet this criterion. Southeastern 
believes that these rates will be competitive with alternative 
resources.
    Contract provisions between Southeastern and the preference 
customers allow any customer to cancel their contract with 
Southeastern when Southeastern adjusts the rate schedules. Thus far, 
no customer has notified Southeastern of their intent to cancel 
their contract.
    Southeastern is concerned the cost of federal power is 
approaching, and in some cases exceeding, the cost of alternative 
resources. Southeastern will work in partnership with the customers 
and the generating agency to manage the cost of federal power.
    Comment 2: We [the SeFPC] want to initiate a dialogue with SEPA 
relating to its strategy for using pumped storage facilities and, in 
particular, the acquisition of energy for pumping operations at the 
Carters and Russell projects. Also, cost savings could be achieved 
if we revisit how replacement energy is secured and whether 
scheduling practices could help lower the overall rate.
    Response 2: Southeastern currently uses a bidding process for 
both pumping and replacement energy. Energy is purchased in 
accordance with the provisions of power purchase contracts or under 
the terms of utility tariffs. A bidding process is followed and the 
weekly or daily purchase requirement is awarded based upon the 
lowest cost to the Government. New bidders can be accepted at any 
time by implementing a power purchase contract. Currently 
Southeastern has a number of customers participating in the bidding 
process, and is always willing to participate in dialogs, consistent 
with applicable law, to improve the efficiency of the process or 
find lower cost alternatives.
    Comment 3: The proposed rate will over-recover $53 million at 
the end of five years.
    Response 3: The proposed rate schedules are designed to recover 
all capitalized deficits within the five-year term of the schedules. 
If the estimates used in this rate study are achieved through 
operating results, there will be about $53 million available for 
repayment of the federal investment in fiscal year 2017. Under the 
Flood Control Act of 1944, rate schedules are to recover the 
amortization of capital investment over a reasonable period of 
years.
    Approval of the proposed rate schedules is requested for a 
period of five years. However, contract provisions allow rate 
schedules to be adjusted October 1 of any year. Should operating 
results exceed expectations and lead to accelerated recovery of 
costs, new rate schedules can be proposed before the term of these 
rate schedules expires.
    Comment 4: SEPA could defer any rate increase until the 
following fiscal year, beginning in 2014.
    Response 4: Two projects in the Georgia-Alabama-South Carolina 
System are reaching their fiftieth year of operation in fiscal year 
2013. These are the Hartwell Project and the Walter F. George 
Project. The total investment due to be repaid in fiscal year 2013 
is almost $80 million. Deferring this rate adjustment could create 
unacceptably large capitalized deficits. Deferring this rate 
adjustment to a later date would lead to a much more dramatic rate 
adjustment at a later date.
    Comment 5: SEPA could institute a temporary or one-year rate 
increase to introduce a new repayment study next year that would 
have the effect of lowering the overall rate in coming years. This 
option allows SEPA to make the required repayments in 2013 with 
customers' understanding that it is a one-year increase and not a 
five-year commitment.
    Response 5: A one-year rate increase would require that 
Southeastern file another rate adjustment in fiscal year 2013. 
Although approval of the proposed rate schedules is sought for a 
five-year period, new rate schedules can be proposed while these 
rate schedules are in effect.
    Comment 6: [The Customers] understand that a significant 
contributor to the need for a rate increase is the American Recovery 
and Reinvestment Act stimulus funds spent by the Corps of Engineers 
over the last few years. It is [The Customers] understanding that a 
significant portion of these funds were expensed and not 
capitalized, leading to the department to recover the costs through 
rates immediately.
    Response 6: The Corps provides estimates of O&M expenses and 
capitalized items that Southeastern uses in every rate adjustment. 
In the rate adjustment for the Georgia-Alabama-South Carolina System 
filed in 2010, the Corps included estimated costs that would be 
funded through the American Recovery and Reinvestment Act (ARRA). At

[[Page 55819]]

the time, the Corps expected these costs to be capitalized. However, 
subsequent accounting decisions determined these costs should be 
appropriately expensed. Southeastern and the Customers have reviewed 
the accounting for these costs and have not discovered material 
errors. Southeastern will continue to work with the Corps and the 
Customers to ensure costs are appropriately charged to hydropower.
    Comment 7: The Customers ask SEPA to provide updates on rate 
levels and associated recovery starting in 2014 and subsequent years 
to assess whether the rate as designed collects revenues in excess 
of required payments.
    Response 7: The Flood Control Act of 1944 requires Southeastern 
to recover the cost of producing and transmitting energy, including 
the amortization of capital investment allocated to power over a 
reasonable period of years. If the estimates used in the rate study 
are higher than the actual costs incurred, the variance is applied 
to cost recovery. As such, Southeastern would meet its required 
payments early, but would not over-recover costs.
    Under DOE Order RA6120.2, Southeastern is required to update the 
repayment studies annually. The Customer may request these updates 
by contacting Virgil Hobbs, Assistant Administrator, Finance and 
Marketing, Southeastern Power Administration, Department of Energy, 
1166 Athens Tech Road, Elberton, Georgia 30635-4578, (706) 213-3800. 
Southeastern will continue to work with the Customers to ensure 
appropriate cost recovery and reporting.
    Comment 8: Although it is possible revenues for 2012 may be 
lower than expected, there has been no discussion or evidence put 
forth that would support a decision by SEPA to raise rates above the 
levels published in the Federal Register notice. Indeed, with 
documentation that the rate could recover more than what is needed 
for the required payments in later years, the record for the 
proposed rate supports the proposed rate adjustment and nothing 
higher. If SEPA sought to deviate from the proposed rate as set 
forth in the Federal Register notice, the Customers would ask SEPA 
to re-open the public process and allow the Customers to submit 
comments accordingly. Failure to do so would deprive the hydropower 
customers the due process otherwise guaranteed in the revision of 
power rates.
    Response 8: SEPA has adopted the proposed rate schedules.
    Comment 9: The Customers would encourage SEPA representatives to 
further engage their counterparts at the Corps to follow through on 
the statutory obligation for setting rates and ensuring fairness in 
setting the rates. Small changes in the allocation of O&M expenses 
can provide substantial savings for the hydropower customers over an 
extended period if those expenses are properly classified.
    Response 9: SEPA will continue to work with the Customers and 
the Corps to ensure proper accounting of costs to hydropower.

DISCUSSION

System Repayment

    An examination of Southeastern's revised system power repayment 
study, prepared in July 2012, for the Georgia-Alabama-South Carolina 
System shows that with the proposed rates, all system power costs 
are paid within the term of these rate schedules. The Administrator 
of Southeastern Power Administration has certified that the rates 
are consistent with applicable law and that they are the lowest 
possible rates to customers consistent with sound business 
principles.

Environmental Impact

    Southeastern has reviewed the possible environmental impacts of 
the rate adjustment under consideration and has concluded that, 
because the adjusted rates would not significantly affect the 
quality of the human environment within the meaning of the National 
Environmental Policy Act of 1969, the proposed action is not a major 
Federal action for which preparation of an Environmental Impact 
Statement is required.

Availability of Information

    Information regarding these rates, including studies and other 
supporting materials and transcripts of the public information and 
comment forum, is available for public review in the offices of 
Southeastern Power Administration, 1166 Athens Tech Road, Elberton, 
Georgia 30635, and in the Power Marketing Liaison Office, James 
Forrestal Building, 1000 Independence Avenue, SW., Washington, DC 
20585.

ORDER

    In view of the foregoing and pursuant to the authority delegated 
to me by the Secretary of Energy, I hereby confirm and approve on an 
interim basis, effective October 1, 2012, attached Wholesale Power 
Rate Schedules SOCO-1-E, SOCO-2-E, SOCO-3-E, SOCO-4-E, ALA-1-N, 
MISS-1-N, Duke-1-E, Duke-2-E, Duke-3-E, Duke-4-E, Santee-1-E, 
Santee-2-E, Santee-3-E, Santee-4-E, SCE&G-1-E, SCE&G-2-E, SCE&G-3-E, 
SCE&G-4-E, Pump-1-A, Pump-2, Replacement-1, and Regulation-1. The 
Rate Schedules shall remain in effect on an interim basis through 
September 30, 2017, unless such period is extended or until the FERC 
confirms and approves the schedules or substitute Rate Schedules on 
a final basis.
Dated: September 4, 2012.

Daniel B. Poneman,

Deputy Secretary.

Wholesale Power Rate Schedule SOCO-1-E

Availability:

    This rate schedule shall be available to public bodies and 
cooperatives (any one of whom is hereinafter called the Customer) in 
Georgia, Alabama, Mississippi, and Florida to whom power may be 
transmitted and scheduled pursuant to contracts between the 
Government and Southern Company Services, Incorporated (hereinafter 
called the Company) and the Customer. Nothing in this rate schedule 
shall preclude modifications to the aforementioned contracts to 
allow an eligible customer to elect service under another rate 
schedule.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
of power and accompanying energy generated at the Allatoona, Buford, 
J. Strom Thurmond, Walter F. George, Hartwell, Millers Ferry, West 
Point, Robert F. Henry, Carters and Richard B. Russell Projects and 
sold under appropriate contracts between the Government and the 
Customer. This rate schedule does not apply to energy from pumping 
operations at the Carters and Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
delivered at the delivery points of the Customer on the Company's 
transmission and distribution system.

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services provided under this rate schedule shall be the 
rates charged Southeastern Power Administration by the Company. 
Future adjustments to these rates will become effective upon 
acceptance for filing by the Federal Energy Regulatory Commission 
(FERC) of the Company's rate.

Transmission:

    $2.81 Per kilowatt of total contract demand per month estimated 
as of March 2012 is presented for illustrative purposes.
    The initial transmission charge will be the Customer's ratable 
share of the transmission and distribution charges paid by the 
Government. The transmission charges are governed by and subject to 
refund based upon the determination in proceedings before FERC 
involving the Company's Open Access Transmission Tariff (OATT). The 
distribution charges may be modified by FERC pursuant to application 
by the Company under Section 205 of the Federal Power Act or the 
Government under Section 206 of the Federal Power Act.
    Proceedings before FERC involving the OATT or the distribution 
charges may result in the separation of charges currently included 
in the transmission rate. In this event, the Government may charge 
the Customer for any and all separate transmission and distribution 
charges paid by the Government in behalf of the Customer.

Scheduling, System Control and Dispatch Service:

    $0.0806 Per kilowatt of total contract demand per month.

[[Page 55820]]

Reactive Supply and Voltage Control from Generation Sources 
Service:

    $0.11 Per kilowatt of total contract demand per month.

Regulation and Frequency Response Service:

    $0.0483 Per kilowatt of total contract demand per month.

Transmission, System Control, Reactive, and Regulation Services:

    The charges for Transmission, System Control, Reactive, and 
Regulation Services shall be governed by and subject to refund based 
upon the determination in the proceeding involving Southern 
Companies' OATT.

Contract Demand:

    The contract demand is the amount of capacity in kilowatts 
stated in the contract which the Government is obligated to supply 
and the Customer is entitled to receive.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the company (less applicable losses). The Customer's contract demand 
and accompanying energy will be allocated proportionately to its 
individual delivery points served from the Company's system. As of 
March 2012, applicable energy losses are as follows:

Transmission facilities.......................................      2.2%
Sub-transmission..............................................      2.0%
Distribution Substations......................................      0.9%
Distribution Lines............................................     2.25%
 

    These losses shall be effective until modified by FERC, pursuant 
to application by Southern Companies under Section 205 of the 
Federal Power Act or SEPA under Section 206 of the Federal Power Act 
or otherwise.

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Wholesale Power Rate Schedule SOCO-2-E

Availability:

    This rate schedule shall be available to public bodies and 
cooperatives (any one of whom is hereinafter called the Customer) in 
Georgia, Alabama, Mississippi, and Florida to whom power may be 
transmitted pursuant to contracts between the Government and 
Southern Company Services, Incorporated (hereinafter called the 
Company) and the Customer. The Customer is responsible for providing 
a scheduling arrangement with the Government. Nothing in this rate 
schedule shall preclude modifications to the aforementioned 
contracts to allow an eligible customer to elect service under 
another rate schedule.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
of power and accompanying energy generated at the Allatoona, Buford, 
J. Strom Thurmond, Walter F. George, Hartwell, Millers Ferry, West 
Point, Robert F. Henry, Carters and Richard B. Russell Projects and 
sold under appropriate contracts between the Government and the 
Customer. This rate schedule does not apply to energy from pumping 
operations at the Carters and Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
delivered at the delivery points of the Customer on the Company's 
transmission and distribution system.

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services provided under this rate schedule shall be the 
rates charged Southeastern Power Administration by the Company. 
Future adjustments to these rates will become effective upon 
acceptance for filing by the Federal Energy Regulatory Commission 
(FERC) of the Company's rate.

Transmission:

    $2.81 Per kilowatt of total contract demand per estimated as of 
March 2012 is presented for illustrative purposes.
    The initial transmission charge will be the Customer's ratable 
share of the transmission and distribution charges paid by the 
Government. The transmission charges are governed by and subject to 
refund based upon the determination in proceedings before FERC 
involving the Company's Open Access Transmission Tariff (OATT). The 
distribution charges may be modified by FERC pursuant to application 
by the Company under Section 205 of the Federal Power Act or the 
Government under Section 206 of the Federal Power Act.
    Proceedings before FERC involving the OATT or the distribution 
charges may result in the separation of charges currently included 
in the transmission rate. In this event, the Government may charge 
the Customer for any and all separate transmission and distribution 
charges paid by the Government in behalf of the Customer.

Reactive Supply and Voltage Control from Generation Sources 
Service:

    $0.11 Per kilowatt of total contract demand per month.

Transmission, System Control, Reactive, and Regulation Services:

    The charges for Transmission, System Control, Reactive, and 
Regulation Services shall be governed by and subject to refund based 
upon the determination in the proceeding involving Southern 
Companies' OATT.

Contract Demand:

    The contract demand is the amount of capacity in kilowatts 
stated in the contract which the Government is obligated to supply 
and the Customer is entitled to receive.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the company (less applicable losses). The Customer's contract demand 
and accompanying energy will be allocated proportionately to its 
individual delivery points served from the Company's system. As of 
March 2012, applicable energy losses are as follows:

Transmission facilities.......................................      2.2%
Sub-Transmission..............................................      2.0%
Distribution Substations......................................      0.9%
Distribution Lines............................................     2.25%
 

    These losses shall be effective until modified by FERC, pursuant 
to application by Southern Companies under Section 205 of the 
Federal Power Act or SEPA under Section 206 of the Federal Power Act 
or otherwise.

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Wholesale Power Rate Schedule SOCO-3-E

Availability:

    This rate schedule shall be available to public bodies and 
cooperatives (any one of whom is hereinafter called the Customer) in 
Georgia, Alabama, Mississippi, and Florida to whom power may be 
scheduled pursuant to contracts between the Government and Southern 
Company Services, Incorporated (hereinafter called the Company) and 
the Customer. The Customer is responsible for providing a 
transmission arrangement. Nothing in this rate schedule shall 
preclude modifications to the aforementioned contracts to allow an 
eligible customer to elect service under another rate schedule.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
of power and accompanying energy generated at the Allatoona, Buford, 
J. Strom Thurmond, Walter F. George, Hartwell, Millers Ferry, West 
Point, Robert F. Henry, Carters and Richard B. Russell Projects 
(hereinafter referred to collectively as the Projects) and sold 
under appropriate contracts between the Government and the Customer. 
This rate schedule does not apply to energy from pumping operations 
at the Carters and Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
delivered at the Projects.

[[Page 55821]]

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services provided under this rate schedule shall be the 
rates charged Southeastern Power Administration by the Company. 
Future adjustments to these rates will become effective upon 
acceptance for filing by the Federal Energy Regulatory Commission of 
the Company's rate.

Scheduling, System Control and Dispatch Service:

    $0.0806 Per kilowatt of total contract demand per month.

Regulation and Frequency Response Service:

    $0.0483 Per kilowatt of total contract demand per month.

Transmission, System Control, Reactive, and Regulation Services

    The charges for Transmission, System Control, Reactive, and 
Regulation Services shall be governed by and subject to refund based 
upon the determination in the proceeding involving Southern 
Companies' Open Access Transmission Tariff.

Contract Demand:

    The contract demand is the amount of capacity in kilowatts 
stated in the contract which the Government is obligated to supply 
and the Customer is entitled to receive.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the company (less applicable losses).

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Wholesale Power Rate Schedule SOCO-4-E

Availability:

    This rate schedule shall be available to public bodies and 
cooperatives (any one of whom is hereinafter called the Customer) in 
Georgia, Alabama, Mississippi, and Florida served through the 
transmission facilities of Southern Company Services, Inc. 
(hereinafter called the Company) or the Georgia Integrated 
Transmission System. The Customer is responsible for providing a 
scheduling arrangement with the Government and for providing a 
transmission arrangement. Nothing in this rate schedule shall 
preclude modifications to the aforementioned contracts to allow an 
eligible customer to elect service under another rate schedule.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
of power and accompanying energy generated at the Allatoona, Buford, 
J. Strom Thurmond, Walter F. George, Hartwell, Millers Ferry, West 
Point, Robert F. Henry, Carters and Richard B. Russell Projects 
(hereinafter referred to collectively as the Projects) and sold 
under appropriate contracts between the Government and the Customer. 
This rate schedule does not apply to energy from pumping operations 
at the Carters and Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
delivered at the Projects.

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services provided under this rate schedule shall be the 
rates charged Southeastern Power Administration by the Company. 
Future adjustments to these rates will become effective upon 
acceptance for filing by the Federal Energy Regulatory Commission of 
the Company's rate.

Transmission, System Control, Reactive, and Regulation Services:

    The charges for Transmission, System Control, Reactive, and 
Regulation Services shall be governed by and subject to refund based 
upon the determination in the proceeding involving Southern 
Companies' Open Access Transmission Tariff.

Contract Demand:

    The contract demand is the amount of capacity in kilowatts 
stated in the contract that the Government is obligated to supply 
and the Customer is entitled to receive.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the company (less applicable losses).

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Wholesale Power Rate Schedule ALA-1-N

Availability:

    This rate schedule shall be available to the PowerSouth Energy 
Cooperative (hereinafter called the Cooperative).

Applicability:

    This rate schedule shall be applicable to power and accompanying 
energy generated at the Allatoona, Buford, J. Strom Thurmond, Walter 
F. George, Hartwell, Millers Ferry, West Point, Robert F. Henry, 
Carters, and Richard B. Russell Projects and sold under contract 
between the Cooperative and the Government. This rate schedule does 
not apply to energy from pumping operations at the Carters and 
Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
three-phase alternating current at a nominal frequency of 60 Hertz 
and shall be delivered at the Walter F. George, West Point, and 
Robert F. Henry Projects.

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services provided under this rate schedule shall be the 
rates charged Southeastern Power Administration by the Southern 
Company. Future adjustments to these rates will become effective 
upon acceptance for filing by the Federal Energy Regulatory 
Commission of the Company's rate.

Transmission, System Control, Reactive, and Regulation Services:

    The charges for Transmission, System Control, Reactive, and 
Regulation Services shall be governed by and subject to refund based 
upon the determination in the proceeding involving Southern 
Companies' Open Access Transmission Tariff.

Energy to be Furnished by the Government:

    The Government will sell to the Cooperative and the Cooperative 
will purchase from the Government those quantities of energy 
specified by contract as available to the Cooperative for scheduling 
on a weekly basis.

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

[[Page 55822]]

Wholesale Power Rate Schedule ALA-1-N

Availability:

    This rate schedule shall be available to the PowerSouth Energy 
Cooperative (hereinafter called the Cooperative).

Applicability:

    This rate schedule shall be applicable to power and accompanying 
energy generated at the Allatoona, Buford, J. Strom Thurmond, Walter 
F. George, Hartwell, Millers Ferry, West Point, Robert F. Henry, 
Carters, and Richard B. Russell Projects and sold under contract 
between the Cooperative and the Government. This rate schedule does 
not apply to energy from pumping operations at the Carters and 
Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
three-phase alternating current at a nominal frequency of 60 Hertz 
and shall be delivered at the Walter F. George, West Point, and 
Robert F. Henry Projects.

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services provided under this rate schedule shall be the 
rates charged Southeastern Power Administration by the Southern 
Company. Future adjustments to these rates will become effective 
upon acceptance for filing by the Federal Energy Regulatory 
Commission of the Company's rate.

Transmission, System Control, Reactive, and Regulation Services

    The charges for Transmission, System Control, Reactive, and 
Regulation Services shall be governed by and subject to refund based 
upon the determination in the proceeding involving Southern 
Companies' Open Access Transmission Tariff.

Energy to be Furnished by the Government:

    The Government will sell to the Cooperative and the Cooperative 
will purchase from the Government those quantities of energy 
specified by contract as available to the Cooperative for scheduling 
on a weekly basis.

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Wholesale Power Rate Schedule Duke-1-E

Availability:

    This rate schedule shall be available to public bodies and 
cooperatives (any one of whom is hereinafter called the Customer) in 
North Carolina and South Carolina to whom power may be transmitted 
and scheduled pursuant to contracts between the Government and Duke 
Energy Company (hereinafter called the Company) and the Customer. 
Nothing in this rate schedule shall preclude modifications to the 
aforementioned contracts to allow an eligible customer to elect 
service under another rate schedule.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
of power and accompanying energy generated at the Allatoona, Buford, 
J. Strom Thurmond, Walter F. George, Hartwell, Millers Ferry, West 
Point, Robert F. Henry, Carters and Richard B. Russell Projects and 
sold under appropriate contracts between the Government and the 
Customer. This rate schedule does not apply to energy from pumping 
operations at the Carters and Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
delivered at the delivery points of the Customer on the Company's 
transmission and distribution system.

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services provided under this rate schedule shall be the 
rates charged Southeastern Power Administration by the Company. 
Future adjustments to these rates will become effective upon 
acceptance for filing by the Federal Energy Regulatory Commission 
(FERC) of the Company's rate.

Transmission:

    $1.26 Per kilowatt of total contract demand per month is 
presented for illustrative purposes.
    The initial transmission charge will be the Customer's ratable 
share of the transmission and distribution charges paid by the 
Government. The transmission charges are governed by and subject to 
refund based upon the determination in proceedings before FERC 
involving the Company's Open Access Transmission Tariff (OATT).
    Proceedings before FERC involving the OATT may result in the 
separation of charges currently included in the transmission rate. 
In this event, the Government may charge the Customer for any and 
all separate transmission and distribution charges paid by the 
Government in behalf of the Customer.

Contract Demand:

    The contract demand is the amount of capacity in kilowatts 
stated in the contract which the Government is obligated to supply 
and the Customer is entitled to receive.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the company (less applicable losses of three per cent (3%) as of 
March 2012). The Customer's contract demand and accompanying energy 
will be allocated proportionately to its individual delivery points 
served from the Company's system. These losses shall be effective 
until modified by FERC, pursuant to application by the Company under 
Section 205 of the Federal Power Act or SEPA under Section 206 of 
the Federal Power Act or otherwise.

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Wholesale Power Rate Schedule Duke-2-E

Availability:

    This rate schedule shall be available to public bodies and 
cooperatives (any one of whom is hereinafter called the Customer) in 
North Carolina and South Carolina to whom power may be transmitted 
pursuant to contracts between the Government and Duke Energy Company 
(hereinafter called the Company) and the Customer. The Customer is 
responsible for providing a scheduling arrangement with the 
Government. Nothing in this rate schedule shall preclude 
modifications to the aforementioned contracts to allow an eligible 
customer to elect service under another rate schedule.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
of power and accompanying energy generated at the Allatoona, Buford, 
J. Strom Thurmond, Walter F. George, Hartwell, Millers Ferry, West 
Point, Robert F. Henry, Carters and Richard B. Russell Projects and 
sold under appropriate contracts between the Government and the 
Customer. This rate schedule does not apply to energy from pumping 
operations at the Carters and Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
delivered at the delivery points of the Customer on the Company's 
transmission and distribution system.

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

[[Page 55823]]

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services provided under this rate schedule shall be the 
rates charged Southeastern Power Administration by the Company. 
Future adjustments to these rates will become effective upon 
acceptance for filing by the Federal Energy Regulatory Commission 
(FERC) of the Company's rate.

Transmission:

    $1.26 Per kilowatt of total contract demand per month is 
presented for illustrative purposes.
    The initial transmission charge will be the Customer's ratable 
share of the transmission and distribution charges paid by the 
Government. The transmission charges are governed by and subject to 
refund based upon the determination in proceedings before FERC 
involving the Company's Open Access Transmission Tariff (OATT).
    Proceedings before FERC involving the OATT may result in the 
separation of charges currently included in the transmission rate. 
In this event, the Government may charge the Customer for any and 
all separate transmission and distribution charges paid by the 
Government in behalf of the Customer.

Contract Demand:

    The contract demand is the amount of capacity in kilowatts 
stated in the contract which the Government is obligated to supply 
and the Customer is entitled to receive.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the company (less applicable losses of three per cent (3%) as of 
March 2012. The Customer's contract demand and accompanying energy 
will be allocated proportionately to its individual delivery points 
served from the Company's system. These losses shall be effective 
until modified by the Federal Energy Regulatory Commission, pursuant 
to application by the Company under Section 205 of the Federal Power 
Act or SEPA under Section 206 of the Federal Power Act or otherwise.

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Wholesale Power Rate Schedule Duke-3-E

Availability:

    This rate schedule shall be available to public bodies and 
cooperatives (any one of whom is hereinafter called the Customer) in 
North Carolina and South Carolina to whom power may be scheduled 
pursuant to contracts between the Government and Duke Energy Company 
(hereinafter called the Company) and the Customer. The Customer is 
responsible for providing a transmission arrangement. Nothing in 
this rate schedule shall preclude modifications to the 
aforementioned contracts to allow an eligible customer to elect 
service under another rate schedule.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
of power and accompanying energy generated at the Allatoona, Buford, 
J. Strom Thurmond, Walter F. George, Hartwell, Millers Ferry, West 
Point, Robert F. Henry, Carters and Richard B. Russell Projects and 
sold under appropriate contracts between the Government and the 
Customer. This rate schedule does not apply to energy from pumping 
operations at the Carters and Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
delivered at the Savannah River Projects.

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services provided under this rate schedule shall be the 
rates charged Southeastern Power Administration by the Company. 
Future adjustments to these rates will become effective upon 
acceptance for filing by the Federal Energy Regulatory Commission of 
the Company's rate.

Contract Demand:

    The contract demand is the amount of capacity in kilowatts 
stated in the contract which the Government is obligated to supply 
and the Customer is entitled to receive.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the company (less applicable losses).

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Wholesale Power Rate Schedule Duke-4-E

Availability:

    This rate schedule shall be available to public bodies and 
cooperatives (any one of whom is hereinafter called the Customer) in 
North Carolina and South Carolina served through the transmission 
facilities of Duke Energy Company (hereinafter called the Company) 
and the Customer. The Customer is responsible for providing a 
scheduling arrangement with the Government and for providing a 
transmission arrangement with the Company. Nothing in this rate 
schedule shall preclude modifications to the aforementioned 
contracts to allow an eligible customer to elect service under 
another rate schedule.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
of power and accompanying energy generated at the Allatoona, Buford, 
J. Strom Thurmond, Walter F. George, Hartwell, Millers Ferry, West 
Point, Robert F. Henry, Carters and Richard B. Russell Projects and 
sold under appropriate contracts between the Government and the 
Customer. This rate schedule does not apply to energy from pumping 
operations at the Carters and Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
delivered at the Savannah River Projects.

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services provided under this rate schedule shall be the 
rates charged Southeastern Power Administration by the Company. 
Future adjustments to these rates will become effective upon 
acceptance for filing by the Federal Energy Regulatory Commission of 
the Company's rate.

Contract Demand:

    The contract demand is the amount of capacity in kilowatts 
stated in the contract which the Government is obligated to supply 
and the Customer is entitled to receive.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the company (less applicable losses).

[[Page 55824]]

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Wholesale Power Rate Schedule Santee-1-E

Availability:

    This rate schedule shall be available to public bodies and 
cooperatives (any one of whom is hereinafter call the Customer) in 
South Carolina to whom power may be wheeled and scheduled pursuant 
to contracts between the Government and South Carolina Public 
Service Authority (hereinafter called the Authority). Nothing in 
this rate schedule shall preclude an eligible customer from electing 
service under another rate schedule.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
of power and accompanying energy generated at the Allatoona, Buford, 
J. Strom Thurmond, Walter F. George, Hartwell, Millers Ferry, West 
Point, Robert F. Henry, Carters and Richard B. Russell Projects and 
sold under appropriate contracts between the Government and the 
Customer. This rate schedule does not apply to energy from pumping 
operations at the Carters and Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
delivered at the delivery points of the Customer on the Authority's 
transmission and distribution system.

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services provided under this rate schedule shall be the 
rates charged Southeastern Power Administration by the Authority. 
Future adjustments to these rates will become effective upon 
acceptance for filing by the Federal Energy Regulatory Commission 
(FERC) of the Authority's rate.

Transmission:

    $1.38 Per kilowatt of total contract demand per month as of 
March 2012 is presented for illustrative purposes.
    The initial transmission rate is subject to annual adjustment on 
July 1 of each year, and will be computed subject to the formula 
contained in Appendix A to the Government-Authority Contract.
    Proceedings before FERC involving the Authority's Open Access 
Transmission Tariff may result in the separation of charges 
currently included in the transmission rate. In this event, the 
Government may charge the Customer for any and all separate 
transmission and distribution charges paid by the Government in 
behalf of the Customer.

Contract Demand:

    The contract demand is the amount of capacity in kilowatts 
stated in the contract which the Government is obligated to supply 
and the Customer is entitled to receive.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the Authority (less applicable losses of two per cent (2%) as of 
March 2012). The Customer's contract demand and accompanying energy 
will be allocated proportionately to its individual delivery points 
served from the Authority's system.

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Service Interruption:

    When energy delivery to the Customer's system for the account of 
the Government is reduced or interrupted, and such reduction or 
interruption is not due to conditions on the Customer's system, the 
demand charge for the month shall be appropriately reduced as to 
kilowatts of such capacity which have been interrupted or reduced 
for each day in accordance with the following formula:
[GRAPHIC] [TIFF OMITTED] TN11SE12.018

Wholesale Power Rate Schedule Santee-2-E

Availability:

    This rate schedule shall be available to public bodies and 
cooperatives (any one of whom is hereinafter call the Customer) in 
South Carolina to whom power may be wheeled pursuant to contracts 
between the Government and South Carolina Public Service Authority 
(hereinafter called the Authority). The customer is responsible for 
providing a scheduling arrangement with the Government. Nothing in 
this rate schedule shall preclude an eligible customer from electing 
service under another rate schedule.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
of power and accompanying energy generated at the Allatoona, Buford, 
J. Strom Thurmond, Walter F. George, Hartwell, Millers Ferry, West 
Point, Robert F. Henry, Carters and Richard B. Russell Projects and 
sold under appropriate contracts between the Government and the 
Customer. This rate schedule does not apply to energy from pumping 
operations at the Carters and Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
delivered at the delivery points of the Customer on the Authority's 
transmission and distribution system.

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services provided under this rate schedule shall be the 
rates charged Southeastern Power Administration by the Authority. 
Future adjustments to these rates will become effective upon 
acceptance for filing by the Federal Energy Regulatory Commission 
(FERC) of the Authority's rate.

Transmission:

    $1.38 Per kilowatt of total contract demand per month as of 
March 2012 is presented for illustrative purposes.
    The initial transmission rate is subject to annual adjustment on 
July 1 of each year, and will be computed subject to the formula 
contained in Appendix A to the Government-Authority Contract.
    Proceedings before FERC involving the Authority's Open Access 
Transmission Tariff may result in the separation of charges 
currently included in the transmission rate. In this event, the 
Government may charge the Customer for any and all separate 
transmission and distribution charges paid by the Government in 
behalf of the Customer.

Contract Demand:

    The contract demand is the amount of capacity in kilowatts 
stated in the contract

[[Page 55825]]

that the Government is obligated to supply and the Customer is 
entitled to receive.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the Authority (less applicable losses of two per cent (2%) as of 
March 2012). The Customer's contract demand and accompanying energy 
will be allocated proportionately to its individual delivery points 
served from the Authority's system.

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Service Interruption:

    When energy delivery to the Customer's system for the account of 
the Government is reduced or interrupted, and such reduction or 
interruption is not due to conditions on the Customer's system, the 
demand charge for the month shall be appropriately reduced as to 
kilowatts of such capacity which have been interrupted or reduced 
for each day in accordance with the following formula:
[GRAPHIC] [TIFF OMITTED] TN11SE12.019

Wholesale Power Rate Schedule Santee-3-E

Availability:

    This rate schedule shall be available to public bodies and 
cooperatives (any one of whom is hereinafter call the Customer) in 
South Carolina to whom power may be scheduled pursuant to contracts 
between the Government and South Carolina Public Service Authority 
(hereinafter called the Authority). The customer is responsible for 
providing a transmission arrangement. Nothing in this rate schedule 
shall preclude an eligible customer from electing service under 
another rate schedule.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
of power and accompanying energy generated at the Allatoona, Buford, 
J. Strom Thurmond, Walter F. George, Hartwell, Millers Ferry, West 
Point, Robert F. Henry, Carters and Richard B. Russell Projects and 
sold under appropriate contracts between the Government and the 
Customer. This rate schedule does not apply to energy from pumping 
operations at the Carters and Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
delivered at the Projects.

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services provided under this rate schedule shall be the 
rates charged Southeastern Power Administration by the Authority. 
Future adjustments to these rates will become effective upon 
acceptance for filing by the Federal Energy Regulatory Commission of 
the Authority's rate.

Contract Demand:

    The contract demand is the amount of capacity in kilowatts 
stated in the contract that the Government is obligated to supply 
and the Customer is entitled to receive.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the Authority (less applicable losses).

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Service Interruption:

    When energy delivery to the Customer's system for the account of 
the Government is reduced or interrupted, and such reduction or 
interruption is not due to conditions on the Customer's system, the 
demand charge for the month shall be appropriately reduced as to 
kilowatts of such capacity which have been interrupted or reduced 
for each day in accordance with the following formula:
[GRAPHIC] [TIFF OMITTED] TN11SE12.020

Wholesale Power Rate Schedule Santee-4-E

Availability:

    This rate schedule shall be available to public bodies and 
cooperatives (any one of whom is hereinafter call the Customer) in 
South Carolina served through the transmission facilities of South 
Carolina Public Service Authority (hereinafter called the 
Authority). The customer is responsible for providing a scheduling 
arrangement with the Government and for providing a transmission 
arrangement. Nothing in this rate schedule shall preclude an 
eligible customer from electing service under another rate schedule.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
of power and accompanying energy generated at the Allatoona, Buford, 
J. Strom Thurmond, Walter F. George, Hartwell, Millers Ferry, West 
Point, Robert F. Henry, Carters and Richard B. Russell Projects and 
sold under appropriate contracts between the Government and the 
Customer. This rate schedule does not apply to energy from pumping 
operations at the Carters and Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
delivered at the Projects.

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services

[[Page 55826]]

provided under this rate schedule shall be the rates charged 
Southeastern Power Administration by the Authority. Future 
adjustments to these rates will become effective upon acceptance for 
filing by the Federal Energy Regulatory Commission of the 
Authority's rate.

Contract Demand:

    The contract demand is the amount of capacity in kilowatts 
stated in the contract that the Government is obligated to supply 
and the Customer is entitled to receive.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the Authority (less applicable losses).

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.
    Service Interruption:
    When energy delivery to the Customer's system for the account of 
the Government is reduced or interrupted, and such reduction or 
interruption is not due to conditions on the Customer's system, the 
demand charge for the month shall be appropriately reduced as to 
kilowatts of such capacity which have been interrupted or reduced 
for each day in accordance with the following formula:
[GRAPHIC] [TIFF OMITTED] TN11SE12.021

Wholesale Power Rate Schedule SCE&G-1-E

Availability:

    This rate schedule shall be available public bodies and 
cooperatives (any one of which is hereinafter called the Customer) 
in South Carolina to whom power may be wheeled and scheduled 
pursuant to contracts between the Government and the South Carolina 
Electric & Gas Company (hereinafter called the Company). Nothing in 
this rate schedule shall preclude an eligible customer from electing 
service under another rate schedule.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
of power and accompanying energy generated at the Allatoona, Buford, 
J. Strom Thurmond, Walter F. George, Hartwell, Millers Ferry, West 
Point, Robert F. Henry, Carters and Richard B. Russell Projects and 
sold under appropriate contracts between the Government and the 
Customer. This rate schedule does not apply to energy from pumping 
operations at the Carters and Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
delivered at the delivery points of the Customer on the Company's 
transmission and distribution system.

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services provided under this rate schedule shall be the 
rates charged Southeastern Power Administration by the Company. 
Future adjustments to these rates will become effective upon 
acceptance for filing by the Federal Energy Regulatory Commission 
(FERC) of the Company's rate.

Transmission:

    $2.12 Per kilowatt of total contract demand per month as of 
March 2012 is presented for illustrative purposes.
    The initial transmission charge will be the Customer's ratable 
share of the transmission and distribution charges paid by the 
Government. The transmission charges are governed by and subject to 
refund based upon the determination in proceedings before FERC 
involving the Company's Open Access Transmission Tariff (OATT).
    Proceedings before FERC involving the OATT may result in the 
separation of charges currently included in the transmission rate. 
In this event, the Government may charge the Customer for any and 
all separate transmission and distribution charges paid by the 
Government in behalf of the Customer.

Contract Demand:

    The contract demand is the amount of capacity in kilowatts 
stated in the contract which the Government is obligated to supply 
and the Customer is entitled to receive.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the company (less applicable losses). The Customer's contract demand 
and accompanying energy will be allocated proportionately to its 
individual delivery points served from the Company's system.

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.
    Conditions of Service:
    The Customer shall at its own expense provide, install, and 
maintain on its side of each delivery point the equipment necessary 
to protect and control its own system. In so doing, the 
installation, adjustment, and setting of all such control and 
protective equipment at or near the point of delivery shall be 
coordinated with that which is installed by and at the expense of 
the Company on its side of the delivery point.

Wholesale Power Rate Schedule SCE&G-2-E

Availability:

    This rate schedule shall be available public bodies and 
cooperatives (any one of which is hereinafter called the Customer) 
in South Carolina to whom power may be wheeled pursuant to contracts 
between the Government and the South Carolina Electric & Gas Company 
(hereinafter called the Company). The customer is responsible for 
providing a scheduling arrangement with the Government. Nothing in 
this rate schedule shall preclude an eligible customer from electing 
service under another rate schedule.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
of power and accompanying energy generated at the Allatoona, Buford, 
J. Strom Thurmond, Walter F. George, Hartwell, Millers Ferry, West 
Point, Robert F. Henry, Carters and Richard B. Russell Projects and 
sold under appropriate contracts between the Government and the 
Customer. This rate schedule does not apply to energy from pumping 
operations at the Carters and Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
delivered at the delivery points of the Customer on the Company's 
transmission and distribution system.

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

[[Page 55827]]

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services provided under this rate schedule shall be the 
rates charged Southeastern Power Administration by the Company. 
Future adjustments to these rates will become effective upon 
acceptance for filing by the Federal Energy Regulatory Commission 
(FERC) of the Company's rate.

Transmission:

    $2.12 Per kilowatt of total contract demand per month as of 
March 2012 is presented for illustrative purposes.
    The initial transmission charge will be the Customer's ratable 
share of the transmission and distribution charges paid by the 
Government. The transmission charges are governed by and subject to 
refund based upon the determination in proceedings before FERC 
involving the Company's Open Access Transmission Tariff (OATT).
    Proceedings before FERC involving the OATT may result in the 
separation of charges currently included in the transmission rate. 
In this event, the Government may charge the Customer for any and 
all separate transmission and distribution charges paid by the 
Government in behalf of the Customer.

Contract Demand:

    The contract demand is the amount of capacity in kilowatts 
stated in the contract that the Government is obligated to supply 
and the Customer is entitled to receive.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the company (less applicable losses). The Customer's contract demand 
and accompanying energy will be allocated proportionately to its 
individual delivery points served from the Company's system.

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Conditions of Service:

    The Customer shall at its own expense provide, install, and 
maintain on its side of each delivery point the equipment necessary 
to protect and control its own system. In so doing, the 
installation, adjustment, and setting of all such control and 
protective equipment at or near the point of delivery shall be 
coordinated with that which is installed by and at the expense of 
the Company on its side of the delivery point.

Wholesale Power Rate Schedule SCE&G-3-E

Availability:

    This rate schedule shall be available public bodies and 
cooperatives (any one of which is hereinafter called the Customer) 
in South Carolina to whom power may be scheduled pursuant to 
contracts between the Government and the South Carolina Electric & 
Gas Company (hereinafter called the Company). The customer is 
responsible for providing a transmission arrangement. Nothing in 
this rate schedule shall preclude an eligible customer from electing 
service under another rate schedule.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
of power and accompanying energy generated at the Allatoona, Buford, 
J. Strom Thurmond, Walter F. George, Hartwell, Millers Ferry, West 
Point, Robert F. Henry, Carters and Richard B. Russell Projects and 
sold under appropriate contracts between the Government and the 
Customer. This rate schedule does not apply to energy from pumping 
operations at the Carters and Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
delivered at the Projects.

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services provided under this rate schedule shall be the 
rates charged Southeastern Power Administration by the Company. 
Future adjustments to these rates will become effective upon 
acceptance for filing by the Federal Energy Regulatory Commission of 
the Company's rate.

Contract Demand:

    The contract demand is the amount of capacity in kilowatts 
stated in the contract that the Government is obligated to supply 
and the Customer is entitled to receive.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the company (less applicable losses).

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Conditions of Service:

    The Customer shall at its own expense provide, install, and 
maintain on its side of each delivery point the equipment necessary 
to protect and control its own system. In so doing, the 
installation, adjustment, and setting of all such control and 
protective equipment at or near the point of delivery shall be 
coordinated with that which is installed by and at the expense of 
the Company on its side of the delivery point.

Wholesale Power Rate Schedule SCE&G-4-E

Availability:

    This rate schedule shall be available public bodies and 
cooperatives (any one of which is hereinafter called the Customer) 
in South Carolina served through the transmission facilities of 
South Carolina Electric & Gas Company (hereinafter called the 
Company). The customer is responsible for providing a scheduling 
arrangement with the Government and for providing a transmission 
arrangement. Nothing in this rate schedule shall preclude an 
eligible customer from electing service under another rate schedule.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
of power and accompanying energy generated at the Allatoona, Buford, 
J. Strom Thurmond, Walter F. George, Hartwell, Millers Ferry, West 
Point, Robert F. Henry, Carters and Richard B. Russell Projects and 
sold under appropriate contracts between the Government and the 
Customer. This rate schedule does not apply to energy from pumping 
operations at the Carters and Richard B. Russell Projects.

Character of Service:

    The electric capacity and energy supplied hereunder will be 
delivered at the Projects.

Monthly Rate:

    The monthly rate for capacity, energy, and generation services 
provided under this rate schedule for the period specified shall be:

Capacity Charge:

    $4.81 Per kilowatt of total contract demand per month.

Energy Charge:

    12.33 Mills per kilowatt-hour.

Generation Services:

    $0.12 Per kilowatt of total contract demand per month.
    Additional rates for Transmission, System Control, Reactive, and 
Regulation Services provided under this rate schedule shall be the 
rates charged Southeastern Power Administration by the Company. 
Future adjustments to these rates will become effective upon 
acceptance for filing by the Federal Energy Regulatory Commission of 
the Company's rate.

Contract Demand:

    The contract demand is the amount of capacity in kilowatts 
stated in the contract that the Government is obligated to supply 
and the Customer is entitled to receive.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the company (less applicable losses).

[[Page 55828]]

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Conditions of Service:

    The Customer shall at its own expense provide, install, and 
maintain on its side of each delivery point the equipment necessary 
to protect and control its own system. In so doing, the 
installation, adjustment, and setting of all such control and 
protective equipment at or near the point of delivery shall be 
coordinated with that which is installed by and at the expense of 
the Company on its side of the delivery point.

Wholesale Power Rate Schedule Pump-1-A

Availability:

    This rate schedule shall be available to public bodies and 
cooperatives (any one of whom is hereinafter called the Customer) in 
Georgia, Alabama, Mississippi, Florida, South Carolina, or North 
Carolina to whom power is provided pursuant to contracts between the 
Government and the Customer.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
energy generated from pumping operations at the Carters and Richard 
B. Russell Projects and sold under appropriate contracts between the 
Government and the Customer. The energy will be segregated from 
energy from other pumping operations.

Character of Service:

    The energy supplied hereunder will be delivered at the delivery 
points provided for under appropriate contracts between the 
Government and the Customer.

Monthly Rate:

    The rate for energy sold under this rate schedule for the months 
specified shall be:

Energy Rate = (Cwav / Fwav) / (1 - Ld)

[computed to the nearest $.00001 (1/100 mill) per kWh]

(The weighted average cost of energy for pumping divided by the 
energy conversion factor, quantity divided by one minus losses for 
delivery.)

Where:

Cwav = CT1 / ET1

(The weighted average cost of energy for pumping for this rate 
schedule is equal to the cost of energy purchased or supplied for 
the benefit of the customer for pumping divided by the total energy 
for pumping.)

CT1 = Cp + Cs

(Cost of energy for pumping for this rate schedule is equal to the 
cost of energy purchased or supplied for the benefit of the customer 
plus the cost of energy in storage carried over from the month 
preceding the specified month.)

[GRAPHIC] [TIFF OMITTED] TN11SE12.026


(Energy for pumping for this rate schedule is equal to the energy 
purchased or supplied for the benefit of the customer, after losses, 
plus the energy for pumping in storage as of the end of the month 
preceding the specified month.)

[GRAPHIC] [TIFF OMITTED] TN11SE12.027


(Cost of energy in storage is equal to the weighted average cost of 
energy for pumping for the month preceding the specified month times 
the energy for pumping in storage at the end of the month preceding 
the specified month.)

Cp

= Dollars cost of energy purchased or supplied for the benefit of 
the customer for pumping during the specified month, including all 
direct costs to deliver energy to the project.

Ep

= Kilowatt-hours of energy purchased or supplied for the benefit of 
the customer for pumping during the specified month.


Lp

= Energy loss factor for transmission on energy purchased or 
supplied for the benefit of the customer for pumping (Expected to be 
.03 or three percent.)

[GRAPHIC] [TIFF OMITTED] TN11SE12.028


= Kilowatt-hours of energy in storage as of the end of the month 
immediately preceding the specified month

[GRAPHIC] [TIFF OMITTED] TN11SE12.029


= Weighted average cost of energy for pumping for the month 
immediately preceding the specified month.

Fwav = Eg / ET

(Weighted average energy conversion factor is equal to the energy 
generated from pumping divided by the total energy for pumping)

EG

= Energy generated from pumping.

Ld

= Weighted average energy loss factor on energy delivered by the 
facilitator to the customer.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the Facilitator (less any losses required by the Facilitator). The 
Customer's contract demand and accompanying energy will be allocated 
proportionately to its individual delivery points served from the 
Facilitator's system.

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Wholesale Power Rate Schedule Pump-2

Availability:

    This rate schedule shall be available to public bodies and 
cooperatives who provide their own scheduling arrangement and elect 
to allow Southeastern to use a portion of their allocation for 
pumping (any one of whom is hereinafter called the Customer) in 
Georgia, Alabama, Mississippi, Florida, South Carolina, or North 
Carolina to whom power is provided pursuant to contracts between the 
Government and the Customer.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
energy generated from pumping operations at the Carters and Richard 
B. Russell Projects and sold under appropriate contracts between the 
Government and the Customer. This energy will be segregated from 
energy from other pumping operations.

Character of Service:

    The energy supplied hereunder will be delivered at the delivery 
points provided for under appropriate contracts between the 
Government and the Customer.

Monthly Rate:

    The rate for energy sold under this rate schedule for the months 
specified shall be:

Energy Rate = (Cwav / Fwav / (1 - Ld)

[computed to the nearest $.00001 (1/100 mill) per kWh]

(The weighted average cost of energy for pumping divided by the 
energy conversion factor, quantity divided by one minus losses for 
delivery.)

Where:

Cwav = CT2 / ET2

(The weighted average cost of energy for pumping for this rate 
schedule is equal to the cost of energy purchased or supplied for 
the benefit of the customer for pumping divided by the total energy 
for pumping.)

CT2 = Cp + Cs

(Cost of energy for pumping for this rate schedule is equal to the 
cost of energy purchased or supplied for the benefit of the customer 
plus the cost of energy in storage carried over from the month 
preceding the specified month.)

[GRAPHIC] [TIFF OMITTED] TN11SE12.022

(Energy for pumping for this rate schedule is equal to the energy 
purchased or supplied for the benefit of the customer, after losses, 
plus the energy for pumping in storage as of the end of the month 
preceding the specified month.)

[GRAPHIC] [TIFF OMITTED] TN11SE12.023

(Cost of energy in storage is equal to the weighted average cost of 
energy for pumping for the month preceding the specified month times 
the energy for pumping in storage at the end of the month preceding 
the specified month.)

Cp

= Dollars cost of energy purchased or supplied for the benefit of 
the customer for pumping during the specified month, including all 
direct costs to deliver energy to the project.

Ep

= Kilowatt-hours of energy purchased or

[[Page 55829]]

supplied for the benefit of the customer for pumping during the 
specified month.


Lp

= Energy loss factor for transmission on energy purchased or 
supplied for the benefit of the customer for pumping (Expected to be 
.03 or three percent.)

[GRAPHIC] [TIFF OMITTED] TN11SE12.024

= Kilowatt-hours of energy in storage as of the end of the month 
immediately preceding the specified month.

[GRAPHIC] [TIFF OMITTED] TN11SE12.025

= Weighted average cost of energy for pumping for the month 
immediately preceding the specified month.

Fwav = EG / ET

(Weighted average energy conversion factor is equal to the energy 
generated from pumping divided by the total energy for pumping)

EG

= Energy generated from pumping.

Ld
= Weighted average energy loss factor on energy delivered by the 
facilitator to the customer.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the Facilitator (less any losses required by the Facilitator). The 
Customer's contract demand and accompanying energy will be allocated 
proportionately to its individual delivery points served from the 
Facilitator's system.

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Wholesale Power Rate Schedule Replacement-1

Availability:

    This rate schedule shall be available to public bodies and 
cooperatives (any one of whom is hereinafter called the Customer) in 
Georgia, Alabama, Mississippi, Florida, South Carolina, or North 
Carolina to whom power is provided pursuant to contracts between the 
Government and the Customer.

Applicability:

    This rate schedule shall be applicable to the sale at wholesale 
energy purchased to meet contract minimum energy and sold under 
appropriate contracts between the Government and the Customer.

Character of Service:

    The energy supplied hereunder will be delivered at the delivery 
points provided for under appropriate contracts between the 
Government and the Customer.

Monthly Rate:

    The rate for energy sold under this rate schedule for the months 
specified shall be:

EnergyRate=Cwav/(1 - Ld)

[computed to the nearest $.00001 (1/100 mill) per kWh]

(The weighted average cost of energy for replacement energy divided 
by one minus losses for delivery.)

Where:

C wav = Cp / (E p x( (1) - L p))

(The weighted average cost of energy for replacement energy is equal 
to the cost of replacement energy purchased divided by the 
replacement energy purchased, net losses.)

Cp

= Dollars cost of energy purchased for replacement energy during the 
specified month, including all direct costs to deliver energy to the 
project.

Ep

= Kilowatt-hours of energy purchased for replacement energy during 
the specified month.

Lp

= Energy loss factor for transmission on replacement energy 
purchased (Expected to be 0 or zero percent.)

Ld
= Weighted average energy loss factor on energy delivered by the 
facilitator to the customer.

Energy to be Furnished by the Government:

    The Government will sell to the Customer and the Customer will 
purchase from the Government energy each billing month equivalent to 
a percentage specified by contract of the energy made available to 
the Facilitator (less any losses required by the Facilitator). The 
Customer's contract demand and accompanying energy will be allocated 
proportionately to its individual delivery points served from the 
Facilitator's system.

Billing Month:

    The billing month for power sold under this schedule shall end 
at 12:00 midnight on the last day of each calendar month.

Wholesale Rate Schedule Regulation-1

Availability:

    This rate schedule shall be available to public bodies and 
cooperatives (any one of whom is hereinafter called the Customer) in 
Georgia, Alabama, Mississippi, Florida, South Carolina, or North 
Carolina to whom service is provided pursuant to contracts between 
the Government and the Customer.

Applicability:

    This rate schedule shall be applicable to the sale of regulation 
services provided from the Allatoona, Buford, J. Strom Thurmond, 
Walter F. George, Hartwell, Millers Ferry, West Point, Robert F. 
Henry, Carters, and Richard B. Russell Projects (hereinafter called 
the Projects) and sold under appropriate contracts between the 
Government and the Customer.

Character of Service:

    The service supplied hereunder will be delivered at the 
Projects.

Monthly Rate:

    The rate for service supplied under this rate schedule for the 
period specified shall be:
    $0.05 per kilowatt of total contract demand per month.

Contract Demand:

    The contract demand is the amount of capacity in kilowatts 
stated in the contract to which the Government is obligated to 
supply and the Customer is entitled to receive regulation service.

Billing Month:

    The billing month for services provided under this schedule 
shall end at 12:00 midnight on the last day of each calendar month.

[FR Doc. 2012-22308 Filed 9-10-12; 8:45 am]
BILLING CODE 6450-01-P