| The Franklin Facility consists of two independent
powerhouses located on the Winnipesaukee River in the Town of Franklin,
New Hampshire, and located several kilometers downstream from the
Clement Dam Facility. The River Bend Turbine-Generator is rated
at 1,600 kilowatts and is located in a powerhouse which was constructed
in 1985. The facility is constructed at the location of an existing
70 foot wide dam and includes a 1,000 foot long concrete penstock
which is 8 feet in diameter. The Steven’s Mill Turbine-Generator,
rated at 220 kilowatts, is housed in a powerhouse located immediately
adjacent to the dam.
An interconnection agreement was executed on December 12, 1984
with PSNH which provides together with a long term rate filing issued
by the Public Utilities Commission of New Hampshire on December
20, 1984, that all electrical energy produced by each of the Steven’s
Mill Turbine-Generator and the River Bend Turbine-Generator will
be sold to PSNH. The term of the rate order is for 20 years, commencing
January 1986, which was the commissioning date of the facility.
The rate order expires in 2006. The amount payable under the agreement
is based on a time differentiated energy payment plus a capacity
payment.
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