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<br />e <br /> <br />e <br /> <br />ARTICLE IX. <br /> <br />Trinity Mine Investments and Malakoff <br />Electric Generatinll Station Investments <br /> <br />A. The costs incurred by HL&P in connection with its previously planned, but <br /> <br />now cancelled, Malakoff Electric Generating Station and the related Trinity lignite reserves shall <br /> <br />be amonized as follows: <br /> <br />(1) Malakoff costs for which amortization was authorized in Docket No. 8425 <br /> <br />shaU continue to be amortized on the schedule approved in that docket. <br /> <br />(2) Malakoff costs for which amortization was fltSt requested in Docket <br /> <br />No. 12065 shall be amonized over a period not exceeding seven (7) years <br /> <br />commencing January 1, 1993. <br /> <br />(3) Trinity lignite related costs shall be amortized over a period not exceeding <br /> <br />seven (7) years commencing on a date to be determined by HL&P but not <br /> <br />later than January 1, 1996. <br /> <br />Under this amortization schedule, HL&P's entire investment in Malakoff and Trinity shall be <br /> <br />written off HL&P's books not later than December 31, 2002. HL&P shall not accrue, for <br /> <br />amortization. any additional Trinity or Malakoff amounts (including amounts incurred under fuel <br /> <br />contracts) after the Date of Execution, nor shall it accrue carrying costs on the unamortized <br /> <br />balances. <br /> <br />B. Until the earlier of (i) HL&P's next Section 43 base rate increase filing, or <br /> <br />(ii) completion of amortization of the costs as set out above, the amortization amouqts provided <br /> <br />HOUOJ:98046 <br /> <br />-21- <br />