| The Pembroke facility is located on the Suncook
River near the Town of Pembroke, New Hampshire. The site consists
of a 500 foot power canal and a 480 foot penstock leading to a concrete
powerhouse housing a single turbine generator. The site was constructed
in 1986 and has an installed capacity of 2,600 kilowatts.
The Pembroke facility sell all electrical energy to the Public
Service Company of New Hampshire (‘‘PSNH’’)
pursuant to an agreement dated May 11, 1984. The agreement terminate
on December 31, 2020. Prior to December 31, 2011, the rates paid
by PSNH for the energy are indexed to certain increases in the general
rate of inflation. After January 1, 2012, the rates paid for energy
and capacity are based on the then current PSNH avoided costs.
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