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2oiao�34� the First Mortgage Bonds of the 5.01 % Series is payable) equal ta the Reinvestment Yield with respect to such Called Frincipal. "Reinvestment Yield" means, with respect to the Called Principal of any �'irst Mortgage Bond, .50% (50 basis points) over the yield to maturity irnplied by (i) the yields reported as of 10:00 a.m. (New York City time) on the second Business Day preceding the Settlement Date with respect to such Called Principal, on the display designated as "Page PX1" (ar such other display as may replace Page PX1) on Bloombexg Financial Markets far the rnost recently issued actively traded on the run U.S. Treasury securities having a maturity equal to the Remaining Ave� Life of such Called Frincipal as of such Settlement Date, or (ii) if such yields are not reported as of such time or the yields xeported as of such time are not ascertainable (including by way of interpolation), the Treasury Constant Maturity Series Yields reported, for the latest day for which such yields have been so reported as of the second Business Day preceding the Settlement Date with respect to such Called Principal, in Federal Reserve Statistical Release H.15 (or any comparable successor publication) for U.S. Treasury securities having a canstant maturity equal to the Remaining Average Life of such Called Principal as of such Settlement Date. In the case of each determination under clause (i) or clause (ii), as the case may be, of the preceding paragraph, such irnplied yield will be detertnined, if necessary, by (a) converting U.S. Treasury bill quotations to band equivalent yields in accordance with accepted financial practice and (b) interpolating linearly between (1) the applicable U.S. Treasury security with the rnaturity closest to and greater than such Remaining Average Life and (2) the applicable U.S. Treasury security with the maturity closest to and less than such Remaining Average Life. The Reinvestment Yield shall be rounded to the nurnber of decimal places as appears in the interest rate af the applicable First Mort�age Bond of the 5.01% Series. "Remaining Average Life" means, with respect ta any Called Principal, the nurnber of years (calculated to the nearest one-twelfth year) obtained by dividing (i) such Called Principal into (ii) the sum of the products obtained by multiplying (a) the principal component af each Remaining Schedul�d Payrnent with respect to such Called Principal by (b) the number of years (calculated to the nearest ane-twelfth year) that will elapse between the Settlement Dat� with respect to such Called Principal and the scheduled due date af such Remaining Scheduled Payment. "Remaining Scheduled Payments" means, with respect to the Called Principal af any First Mortgage Bond, all payments of such Called Principal and interest thereon that wauld be due after the Settlement Date with respect to such Called Principal if no payment of such Called Principal were made prior to its scheduled due date, provided that if such Settlement Date is not a date on which interest payments are due to be made under the terms of the First Mortga�e Bonds of the S.O1 % Series, then (solely for th� purpose of determining the Rexnaining Scheduled Payments) the amount of the next succeedin� scheduled interest payment will be reduced by the amount of interest accrued to such Settlement Date and required to be paid on such Settlement Date pursuant to Section 4. 10 6720279v6