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800 17th Street, NW, Suite 1100 Washington, DC 20006 T 202.955.3000 F 202.955.5564Holland & Knight LLP www.hklaw.comF. Alvin Taylor(202) 469-5110alvin.taylor@hklaw.comMarch 14, 2016The Honorable Kimberly D. BoseSecretaryFederal Energy Regulatory Commission888 First Street, N.E.Washington, DC 20426Re:East Texas Electric Cooperative, Inc. on Behalf of Jasper-NewtonElectric Cooperative, Inc., Docket No. ER16- -000Informational Filing of Annual Formula Rate UpdateDear Secretary Bose:Pursuant to the Federal Energy Regulatory Commission’s (“Commission”) orders inDocket Nos. EL12-35 1 and ER13-2379 2 and the formula rate protocols set forth in Attachment Oof the Midcontinent Independent System Operator, Inc.’s (“MISO”) Open Access Transmission,Energy and Operating Reserve Markets Tariff (“Tariff”), East Texas Electric Cooperative, Inc.on behalf of Jasper-Newton Electric Cooperative, Inc. (“ETEC–Jasper-Newton”), submits forinformational purposes this letter and supporting materials (“Informational Filing”) that reflectETEC–Jasper-Newton’s Annual Transmission Revenue Requirement effective June 1, 2015under Attachment O of the MISO Tariff. The Annual Transmission Revenue Requirement isbased on actual cost data for calendar year 2014 as reported in Jasper-Newton’s 2014 RUS Form7, pursuant to the Commission-approved formula rate contained in Attachment O of the MISOTariff.I.BACKGROUNDIn its May 2012 Order, the Commission initiated an investigation pursuant to section 206of the Federal Power Act, 16 U.S.C. § 824e, to determine whether the formula rate protocols in1Midwest Indep. Transmission Sys. Operator, Inc., 139 FERC ¶ 61,127 (2012) (“May 2012Order), order on investigation, 143 FERC ¶ 61,149 (2013) (“May 2013 Order”).2Midwest Indep. Transmission Sys. Operator, Inc., 146 FERC ¶ 61,212 (2014) (“March2014 Order”), reh’g denied, 150 FERC ¶ 61,024 (2015).Anchorage Atlanta Austin Boston Charlotte Chicago Dallas Denver Fort Lauderdale Houston Jacksonville LakelandLos Angeles Miami New York Northern Virginia Orlando Portland San Francisco Stamford Tallahassee TampaWashington, D.C. West Palm Beach

March 14, 2016Page 2MISO’s Tariff are sufficient to ensure just and reasonable rates. 3 After considering briefs filedby several parties, the Commission issued its May 2013 Order, finding that the formula rateprotocols contained in MISO’s Tariff are insufficient to ensure just and reasonable rates, anddirecting MISO and the identified MISO transmission owners to file revised formula rateprotocols to enhance the scope of participation by interested parties, increase transparency in theinformation provided to interested parties, adopt procedures by which interested parties canchallenge a transmission owner’s implementation of its formula rate, and establish a requirementthat MISO and transmission owners make an annual informational filing with the Commission.4With regard to the annual informational filing, the Commission required the submissionof “annual informational filings of [each transmission owner’s] formula rate updates . . .following the time period allowed for parties to review the updates and for transmission ownersto respond to information and document requests.” 5 The Commission stressed that these filingswould “be just that, informational,” 6 that they “are not themselves rates and do not constitutechanges in the underlying rate itself.” 7In its March 2014 Order, the Commission “require[d] all MISO transmission owners tosubmit informational filings in separate docket numbers” 8 and stated that “formal challengesshould be filed in the same docket as the informational filing.” 9 The Commission also“direct[ed] MISO to provide notification of the filing through the email ‘exploder’ list to bemaintained by MISO, and by posting the docket number assigned to each transmission owner’sinformational filing on the MISO website and [Open Access Same-Time Information System(“OASIS”)] within five days of such filing.” 103May 2012 Order at P 1.4May 2013 Order at PP 1, 17-18.5Id. at P 92.6Id. at P 92 n.142.7Id. at P 85.8March 2014 Order at P 71.9Id. at P 70; see also id. at P 113 (“We also direct the MISO Transmission Owners to proposeTariff revisions to clarify that formal challenges should be filed in the informational filingdockets.”).10Id. at P 71.

March 14, 2016Page 3II.INFORMATIONAL FILINGSection VI of the formula rate protocols set forth in Attachment O of the MISO Tariffprovides that, by March 15 of each year, ETEC–Jasper-Newton shall submit an annualinformational filing to the Commission including information that is reasonably necessary todetermine:1. That input data under the formula rate are properly recorded in the underlyingworkpapers;2. That ETEC–Jasper-Newton has properly applied the formula rate and theprotocol procedures;3. The accuracy of data and the consistency with the formula rate of the ActualTransmission Revenue Requirement and rates under review; and4. The extent of accounting changes that affect the formula rate inputs.The protocols also require that the informational filing must describe any corrections oradjustments made during the information exchange and informal challenge periods, and mustdescribe all aspects of the formula rate or its inputs that are the subject of an ongoing dispute underthe informal or formal challenge procedures. Section IV.F of the formula rate protocols specifiesthat any changes or adjustments to the annual update resulting from the information exchange andinformal challenge processes that are agreed to by ETEC–Jasper-Newton will be reported in theinformational filing and will be reflected in the annual update for the following rate year.In response to these requirements, ETEC–Jasper-Newton provides the following: 11Attachment A:Populated formula rate template showing ETEC–Jasper-Newton’sactual transmission revenue requirement effective June 1, 2015.Attachment B:Supporting documentation and workpapers for all inputs that are nototherwise available in Jasper-Newton’s Form 7.There were no accounting changes that affected the formula rate inputs. In addition there wereno corrections or adjustments made during the information exchange or informal challengeprocess. There were no attendees at the Annual Open Meeting and Jasper-Newton did notreceive any information requests on its update and received no challenges. Thus, there are noongoing disputes under the informal or formal challenge procedures of the protocols.The Attachment O formula rate protocols require that ETEC–Jasper-Newton’s AnnualUpdate be posted on MISO’s website and OASIS by June 1 of each year (or the next business dayif June 1 falls on a weekend or Commission holiday) and that MISO provide notice of such postingwithin ten days. The posting of the Annual Update triggers the commencement of the information11ETEC–Jasper-Newton is providing its populated formula rate templates and underlyingworkpapers in their native format (e.g., Microsoft Excel) fully populated and withformulas intact.

March 14, 2016Page 4exchange period and challenge period under the Attachment O protocols. Interested Parties haduntil December 1, 2015 to submit information requests, and ETEC–Jasper-Newton was requiredto make a good faith effort to respond to all requests within fifteen business days, but by no laterthan January 10, 2016. Interested Parties had until February 1, 2016 to submit informal challengesto ETEC–Jasper-Newton, and ETEC–Jasper-Newton was required to make a good faith effort torespond to all informal challenges within twenty business days, but by no later than February 28,2016. Under the Attachment O protocols, Interested Parties have until April 15, 2016 to file formalchallenges with the Commission. ETEC–Jasper-Newton has complied with all of theseprocedures.The following table summarizes ETEC–Jasper-Newton’s compliance with specificdeadlines set forth in the protocols:Due DateActivityDate Activity CompletedJune 1, 2015Calculate Annual TransmissionRevenue Requirement/AnnualUpdate and provide to MISO forposting/distributionMISO provides notice toexploder listHold annual open meetingMay 19, 201510 Days After PostingSeptember 1, 2015III.May 19, 2015July 23, 2015NOTICEIn accordance with Section VI.A of the Attachment O formula rate protocols, ETEC–Jasper-Newton will notify MISO of this filing and provide the docket number for posting on theMISO website and OASIS and notification via MISO’s email exploder list within five days.IV.CONCLUSIONPlease contact the undersigned if you have any questions regarding this submission.Respectfully submitted,/s/ F. Alvin TaylorF. Alvin TaylorHOLLAND & KNIGHT800 17th Street, N.W.Suite 1100Washington, D.C. 20006Telephone: (202) 469-5110Facsimile: (202) 955-5564Alvin.Taylor@hklaw.comAttachments

Attachment APage 1 of 5Attachment O-RUS Non-Levelized GenericPage 1 of 5Formula Rate - Non-LevelizedRate Formula TemplateUtilizing RUS Form 7 DataLineNo.1 GROSS REVENUE REQUIREMENT (page 3, line 31)23456REVENUE CREDITS(Note T)Account No. 454(page 4, line 30)Account No. 456(page 4, line 33)Revenues from Grandfathered Interzonal TransactionsRevenues from service provided by the ISO at a discountTOTAL REVENUE CREDITS (sum lines 2-5)7NET REVENUE REQUIREMENTFor the 12 months ended 12/31/14JASPER-NEWTON ELECTRIC COOPERATIVE, INC.AllocatedAmount .774250.77425(line 1 minus line 6) DIVISOR8Average of 12 coincident system peaks for requirements (RQ) service9Plus 12 CP of firm bundled sales over one year not in line 810 Plus 12 CP of Network Load not in line 811 Less 12 CP of firm P-T-P over one year (enter negative)12 Plus Contract Demand of firm P-T-P over one year13 Less Contract Demand from Grandfathered Interzonal transactions over one year (enter negative) (Note S)14 Less 12 CP or Contract Demands from service over one year provided by ISO at a discount (enter negative)15 Divisor (sum lines 8-14)16 Annual Cost ( /kW/Yr)(line 7 / line 15)17 Network & P-to-P Rate ( /kW/Mo) (line 16 / 12)18 Point-To-Point Rate ( /kW/Wk)19 Point-To-Point Rate ( /kW/Day)20 Point-To-Point Rate ( /MWh)(line 16 / 52; line 16 / 52)(line 16 / 260; line 16 / 365)(line 16 / 4,160; line 16 / 8,760times 1,000)21 FERC Annual Charge ( /MWh)22(Note E)000001,191,591(Note A)(Note B)(Note C)(Note D)00000000Peak Rate0.0000.000 Capped at weekly rate0.000 Capped at weeklyand daily ratesOff-Peak Rate 0.000 0.000 0.0000.0000.000 0.000 Short Term 0.000 Long Term 0.000 0.000

Attachment APage 2 of 5Attachment O-RUS Non-Levelized GenericPage 2 of 5Formula Rate - Non-LevelizedRate Formula TemplateUtilizing RUS Form 7 DataFor the 12 months ended 12/31/14JASPER-NEWTON ELECTRIC COOPERATIVE, INC.(1)LineNo. RATE BASE:GROSS PLANT IN SERVICE (Note ribution12h.A.16.e4General & Intangible12h.A.1&18.e5Common6 TOTAL GROSS PLANT (sum lines 1-5)(2)RUS Form 12Reference(3)(4)Company 013,731NATPNAW/SCEGP NATPNAW/SCE(sum lines 7-11)08,429,08525,310,1616,788,770040,528,016NET PLANT IN SERVICE13 Production(line 1- line 7)14 Transmission(line 2- line 8)15 Distribution(line 3 - line 9)16 General & Intangible(line 4 - line 10)17 Common(line 5 - line 11)18 TOTAL NET PLANT (sum lines MULATED 0 General & Intangible11 Common12 TOTAL ACCUM. DEPRECIATION(Note Y)12h.B.1-4.f12h.B.5.f12h.B.6.f12h.B.7.f & 12h.B.12.c(5)Transmission(Col 3 times Col 6397,193,574NP 7.887%21,75107,215,325ADJUSTMENTS TO RATE BASE (Note F)19 Account No. 281 (enter negative)20 Account No. 282 (enter negative)21 Account No. 283 (enter negative)22 Account No. 19023 Account No. 255 (enter negative)24 TOTAL ADJUSTMENTS (sum lines 19 - 0000025 LAND HELD FOR FUTURE 250.1044423,20676,18138,258137,645(Note G)WORKING CAPITAL (Note H)26 CWCcalculated27 Materials & Supplies (Note G)12h.G.4.d 5.d.28 Prepayments12a.B.2529 TOTAL WORKING CAPITAL (sum lines 26 - 28)30 RATE BASE (sum lines 18, 24, 25, and 29)92,254,6937,352,970