| The Moretown Facility is a 1,200 kilowatt hydroelectric
generating facility located on the Mad River in the Town of Moretown,
Vermont. The facility includes a 12 metre dam, forebay, intake structure,
penstock, powerhouse and tailrace. The powerhouse includes one Kaplan
type turbine generator rated at 1,250 kilowatts. The facility was
constructed in 1989 and is owned by the Moretown Partnership.
A power purchase agreement was executed with Vermont Power Exchange,
Inc. on July 29, 1988, whereby Vermont Power Exchange, Inc. agreed
to purchase all the electrical energy produced from the facility.
The term of the contract is 30 years and the power purchase rates
include an energy rate, a capacity rate and a payment lag adder
rate.
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