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Project Update SYSTEM ASSESSMENT PROJECT 5/15/2012 1 System Assessment Project Status Update Phase one: relay setting comparison All contract engineer reports have been reviewed and no additional corrective actions have been


  1. Project Update SYSTEM ASSESSMENT PROJECT 5/15/2012  1

  2. System Assessment Project Status Update Phase one: relay setting comparison • All contract engineer reports have been reviewed and no additional corrective actions have been required. • At Newport, additional documentation effort is required before a contract engineer is able to perform the comparison. Phase two: record drawing review • Contract engineer reviews have been completed on thirteen stations, with VELCO acceptance review completed on the same thirteen stations. • Newport has been added as a station requiring drawing review and will require an additional effort to prepare the documentation before engaging the contract engineer. Phase three: relay setting basis • Anticipated completion of contract engineer reviews for the Vernon & VY areas is in September, and the anticipated completion of the Essex area is in July. • It was identified the cross tripping of 345kV A & B systems does not meet NPCC requirements. VELCO is in the process of making design enhancements and will be establishing a corrective action plan for systems that are already in service. Phase four: line testing • Fourteen of thirty-four lines have been tested. Summary reports are still pending from the contract engineer. 5/15/2012  2

  3. System Assessment Project Status Update WORK DOWN PROJECTION CURVE - May 4, 2012 99% 100% 98% 100% 97% 97% 160 100% 100% 96% 99% 96% 97% 93% 93% 96% 95% 91% 93% 88% 91% 90% 90% 86% Actual as of report 140 86% date is 33% . 79% Projection by the end 80% 80% of this month is 46%. 120 72% 75% 49 49 49 48 48 70% 46 45 45 44 46 43 69% 44 40 40 44 42 37 33 39 39 31 61% 36 100 24 60% Number of Completion 32 Percent Complete 18 53% 55% 30 29 50% 47% 80 13 31 31 31 31 31 31 31 31 31 31 31 31 31 31 46% 30 30 30 30 30 29 28 28 26 26 11 24 21 40% 21 8 20 60 33% 16 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 14 3 3 3 3 3 33% 3 16 3 3 13 3 28% 10 3 30% 3 29% 3 1 10 3 2 8 26% 40 22% 5 31 31 31 31 31 31 31 31 31 31 31 31 31 31 31 31 31 0 30 30 30 30 3 31 29 27 0 31 25 23 8 3 5 8 21 30 20% 0 3 16 0 0 14 15% 3 29 29 8 10 9 6 0 0 20 2 1 23 0 8% 10% 10% 7% 18 8% 17 3 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 24 23 23 23 23 22 15 21 21 2 3% 3 3 3 0 18 1 1 0 0 0 1 1 0 0 14 13 1% 5 4 4 7 7 0 0 0 2 7 0 0 0 0 0 3 5 0 0 0 2 2 4 1 3 3 3 3 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 0% 0 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 PH4L EAC (Cum) PH4S EAC (Cum) PH3 EAC (Cum) PH2 EAC (Cum) PH1 EAC (Cum) PH4L BL (Cum) PH4S BL (Cum) PH3 BL (Cum) PH2 BL (Cum) PH1 BL (Cum) % Complete Actual % Complete (Prj) % Complete (BL) 5/15/2012  3

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