EXHIBIT 10.8E
AGREEMENT FOR EXTENSION OF TRANSMISSION LINE AGREEMENT
THIS AGREEMENT FOR EXTENSION OF TRANSMISSION LINE AGREEMENT
(hereinafter called "Extension Agreement") is made this 9th day of February,
2000, between NATIONAL RAILROAD PASSENGER CORPORATION, a District of Columbia
corporation, with offices at 00 Xxxxxxxxxxxxx Xxxxxx, X.X., Xxxxxxxxxx, X.X.
00000 (hereinafter called "Amtrak") and THE UNITED ILLUMINATING COMPANY, a
Connecticut corporation, with offices at 000 Xxxxxx Xxxxxx, Xxx Xxxxx,
Xxxxxxxxxxx 00000-0000 (hereinafter called "Power Company").
BACKGROUND
A. Amtrak (as a successor in interest to the Property of The New York,
New Haven and Hartford Railroad Company) and Power Company are parties to a
Transmission Line Agreement, dated January 13, 1966, between Power Company and
Xxxxxxx Xxxxx Xxxxx, Xxxxxxx X. Xxxx and Xxxxx X. Xxxxxxx, as Trustees of the
Property of The New York, New Haven and Hartford Railroad Company, as amended
by, inter alia, an Arbitration Award dated May 27, 1980 and a Letter Agreement
dated March 28, 1985 (hereinafter collectively called "1966 Agreement"),
incorporated herein by reference, pursuant to which Power Company operates a
high voltage transmission system on, above, or under certain lands owned by
Amtrak and upon certain lands owned by Amtrak and upon certain structures
erected by Power Company and owned by Amtrak, located along certain of Amtrak's
railroad rights-of-way.
B. Power Company and Amtrak have agreed to extend the 1966 Agreement
with respect to the land specified in Section 1 of this Extension Agreement for
the period May 5, 2000 through May 4, 2040, subject to the terms and conditions
set forth herein.
THEREFORE, Power Company and Amtrak hereby agree:
1. The 1966 Agreement is extended for a term of forty (40) years
commencing on May 5, 2000 and terminating on May 4, 2040 (hereinafter called
"Extended Term") with respect to:
the land described in Paragraph (2) and (5) of Section (a) of Article 1
of the 1966 Agreement, located along Amtrak's Springfield Line between
approximately station 47 + 28 and station 531 + 12, a total distance of
approximately forty-eight thousand, three hundred eighty-four (48,384)
lineal feel; and
the lands owned by Amtrak on, above, or under which Power Company
presently operates connecting lines, and which are located as follows:
(i) along Amtrak's Shoreline, from approximately station 129 + 30 of
the monumented center line of the Shoreline, to Power Company's
Quinnipiac substation, approximately station 176 + 50.5 of the
monumented center line of the Shoreline, a distance of approximately
four thousand seven hundred twenty and five tenths (4,720.5) lineal
feel, and (ii) along Amtrak's Springfield Line, from station 531 + 12
of the monumented center line of the Springfield Line, to approximately
station 564 + 30 of the monumented center line of the Springfield Line,
a distance of approximately three thousand three hundred eighteen
(3,318) lineal feet.
The parties acknowledge that Power Company's occupancy of Amtrak's property is
depicted in Exhibit A, attached hereto and incorporated herein, and that the
total length of such occupancy is approximately fifty six thousand four hundred
twenty-two and five tenths (56,422.5) lineal feet or 10.69 miles. The parties
further acknowledge that Amtrak holds title to all structures located on
Amtrak's land that support Power Company's transmission system and connecting
lines.
2. Neither party hereto shall have an option to extend the 1966
Agreement beyond the Extended Term.
3. The Extended Time shall be subject to the same terms and conditions
as the current extended term (expiring on May 4, 2000) of the 1966 Agreement,
except as otherwise set forth herein.
4. On or before the commencement date (May 5, 2000) of the Extended
Term, and on or before each anniversary of such commencement date, Power Company
shall pay Amtrak the annual rental prescribed herein. As of the commencement
date of the Extended Term, the annual rental payable by Power Company to Amtrak
shall be one hundred eight thousand dollars ($108,000). The annual rental
payable by Power Company shall be adjusted every five (5) years on the basis of
the change in the CPI, as hereinafter defined, with the first such adjustment
effective May 5, 2005. The rental adjustment shall be determined in accordance
with the following provisions:
(a) As used in this Extension Agreement, "CPI" means the Consumer Price
Index for All Urban Consumers (CPI-U), U.S. City Average, published by
the Bureau of Labor Statistics of the U.S. Department of Labor ("BLS"),
1982-84=100. If the BLS changes the publication frequency of the CPI so
that the CPI is not available to make an adjustment as specified, the
adjustment shall be based on the percentage
2
difference between the CPI for the closest preceding month for which
the CPI is available. If the BLS changes the base reference period for
the CPI from 1982-84=100, the adjustment shall be determined with the
use of such conversion formula or table as may be published by the
BLS. If the BLS otherwise substantially revises, or ceases publication
of, the CPI, then a substitute index for determining adjustments,
issued by the BLS or by a reliable governmental or other nonpartisan
publication, shall be designated by Power Company and Amtrak.
(b) As of every fifth (5th) year anniversary of May 5, 2000, commencing
with May 5, 2005, the annual rental in effect immediately preceding
such anniversary shall be increased or decreased by the increase or
decrease in the CPI, calculated as follows: (i) the CPI for the January
of the calendar year in which the adjustment is to become effective
(January, 2005 in the case of the adjustment to go into effect May 5,
2005) shall be designated the current index and the CPI for the January
of the fifth year prior thereto (January, 2000 in the case of the
adjustment to go into effect May 5, 2005) shall be designated the base
index; (ii) the current index shall be divided by the base index; and
(iii) from the quotient thereof there shall be subtracted the integer
one (1), and any resulting positive number or negative number,
multiplied by 100, shall be deemed to be the percentage increase or
decrease, respectively, in the annual rental amount.
Any delay by either party in implementing one or more rental adjustments
required by the foregoing provisions shall not constitute or be construed as a
retroactive or prospective waiver of the right to such rental adjustment(s).
5. The terms and conditions of this Extension Agreement remain subject
to approval of the respective Board of Directors of Power Company and Amtrak.
6. This Extension Agreement constitutes the entire agreement between
Amtrak and Power Company concerning the subject matter hereof and supersedes all
previous oral or written understandings, agreements, commitments and
representations concerning the subject matter of this Extension Agreement. This
Extension Agreement may not be changed, amended or modified in any way except in
a writing executed by Amtrak and Power Company.
3
IN WITNESS WHEREOF, Amtrak and Power Company have hereunto executed
this Extension Agreement as of the day and year first above written.
WITNESSES: NATIONAL RAILROAD PASSENGER
CORPORATION
/s/ Xxxxx X. Xxxxxx By: /s/ Xxxxx X. Xxxxxx
----------------------- ---------------------------
Xxxxx X. Xxxxxx Xxxxx X. Xxxxxxx
Counsel to the President-NEC
/s/ Xxxx X. Xxxxxxx Title: V/P Commercial Development
----------------------- ---------------------------
Xxxx X. Xxxxxxx
WITNESSES: THE UNITED ILLUMINATING
COMPANY
/s/ Xxxxxx Xxxxxxxx By: /s/ Xxxxxx X. Xxxxxxxxxx
------------------------ ---------------------------
Xxxxxx Xxxxxxxx Xxxxxx X. Xxxxxxxxxx
Group Vice President
/s/ Xxxxx X. Xxxxx Title: Support Services
------------------------ ---------------------------
Xxxxx X. Xxxxx
4
