§ 3 Agreement between the Cantons of Basel-Landschaft (BL) and Basel-Stadt (BS) concerning the Calculation of the Water Royalty of the Augst Power Station to the Canton of BL and the Water Royalty of the Birsfelden Power Station to the Cantons of BS and BL - Transitional Provisions

1. In the first 5 years, i.e., from January 1, 1974, to December 31, 1978, there shall be an annual stepwise adjustment of the water rate from the values determined by the concession (Augst) or by the founding contract (Birsfelden) to the maximum rates permissible under Swiss federal regulations as of January 1, 1974. Each step shall amount to one-fifth of the difference between the maximum rates in effect as of January 1, 1974, set by the Federal Council, and the original rates.

2. If, during the transitional period from January 1, 1974, to December 31, 1978, there are further increases in the maximum permissible water rate levels by the Federal Council, these increases shall apply to the water rate of the Augst power plant to BL, and the water rate of the Birsfelden power plant to the Cantons BS and BL only from January 1, 1979, with the maximum values permissible from that date onward.