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 CONTENTS
(Click topic to jump to its location)

CHAPTER PAGE
1. INTRODUCTION TO THE SOLUTION METHOD USED IN THE EMTP 6
2. LINEAR, UNCOUPLED LUMPED ELEMENTS 14
3. LINEAR, COUPLED LUMPED ELEMENTS 45
4. OVERHEAD TRANSMISSION LINES 64
5. UNDERGROUND CABLES 150
6. TRANSFORMERS 192
7. SIMPLE VOLTAGE AND CURRENT SOURCES 238
8. THREE-PHASE SYNCHRONOUS MACHINE 251
9. UNIVERSAL MACHINE 311
10. SWITCHES 339
11. SURGE ARRESTERS AND PROTECTIVE GAPS 354
12. SOLUTION METHODS IN THE EMTP 360
13. TRANSIENT ANALYSIS OF CONTROL SYSTEMS (TACS) 395

APPENDIX
I – NUMERICAL SOLUTION OF ORDINARY DIFFERENTIAL EQUATIONS 413
II – RE-INITIALIZATION AT INSTANTS OF DISCONTINUITIES 431
III – SOLUTION OF LINEAR EQUATIONS, MATRIX REDUCTION AND
INVERSION, SPARCITY 434
IV – ACTUAL VALUES VERSUS PERUNIT QUANTITIES 452
V – RECURSIVE CONVOLUTION 459
VI – TRANSIENT AND SUBTRANSIENT PARAMETERS OF SYNCHRONOUS
MACHINES 460
VII – INTERNAL IMPEDANCE OF STRANDED CONDUCTORS 470

REFERENCES 472
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UKFGQH'S
DKUCUUGODNGFHTQOMPQYPJKUVQT[VGTOUCPFMPQYPEWTTGPVCPFXQNVCIGUQWTEGU6JGPVJG
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V?WUKPIVJGKPHQTOCVKQPEQPVCKPGFKPVJGVTKCPIWNCTK\GFEQPFWEVCPEG
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PGZVVKOGUVGRVJGJKUVQT[VGTOUJKUVQH'S
D
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CEUVGCF[UVCVGKPKVKCNEQPFKVKQPUYGTGTGCFKPDWVVJKURWVCJGCX[DWTFGPQPVJGRTQITCOWUGTYJQJCFVQWUG
CPQVJGTUVGCF[UVCVGUQNWVKQPRTQITCOVQQDVCKPVJGO0QVQPN[YCUVJGFCVCVTCPUHGTDQVJGTUQOGDWVVJGUGRCTCVG
UVGCF[UVCVGUQNWVKQPRTQITCOOKIJVCNUQEQPVCKPPGVYQTMOQFGNUYJKEJEQWNFFKHHGTOQTGQTNGUUHTQOVJQUGWUGF
KPVJG'/62+VYCUVJGTGHQTGFGEKFGFVQKPEQTRQTCVGCPCEUVGCF[UVCVGUQNWVKQPTQWVKPGFKTGEVN[KPVQVJG'/62
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 VQ VJG TKIJVJCPF UKFG KP 'S
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4GUKUVCPEG4

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D VQYGTHQQVKPITGUKUVCPEG
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G CURCTVUQHGSWKXCNGPVPGVYQTMUGIKPRCTCNNGNYKVJKPFWEVCPEGUVQRTQFWEGRTQRGTHTGSWGPE[
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H HQTVJGTGRTGUGPVCVKQPQHNQPINKPGUKPNKIJVPKPIUWTIGUVWFKGUKHPQTGHNGEVKQPEQOGUDCEMHTQOVJG
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7PHQTVWPCVGN[VJG'/62FQGUPQV[GVEQPVCKPVJKUOQFKHKECVKQP


KPVTCPUKGPVTGEQXGT[XQNVCIGUVWFKGUYJGTGVJGWPHCWNVGFNKPGUNGCXKPIVJGUWDUVCVKQPWPFGTUVWF[CTGRTGHGTCDN[
OQFGNNGFVJKUYC[
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NKOKVKPIECUG44KVUTGEKRTQECNXCNWG4UKORN[IGVUNQUVKP=)?QH'S
VJCVKUKVYKNNPQVJCXGCP[
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USWCTGTQQVQHVJGNCTIGUVTGCNPWODGTYJKEJVJGEQORWVGTECPJCPFNG
GI4KHVJGEQORWVGTCEEGRVU
PWODGTUWRVQ6JKUKUDGECWUGKPVGTOGFKCVGGZRTGUUKQPUQHVJGHQTO4  :CTGEQORWVGFKPVJGUVGCF[UVCVG
UQNWVKQPKPVJGEQPXGTUKQPHTQOKORGFCPEGUVQCFOKVVCPEGU'ZVTGOGN[NCTIGXCNWGUQH4JCXGDGGPWUGFKPVJGRCUV
VQQDVCKPXQNVCIGFKHHGTGPEGUDGVYGGPPQFGUYKVJUWEJOGVGTKPITGUKUVCPEGDTCPEJGUKPPGYGT'/62XGTUKQPU
XQNVCIGFKHHGTGPEGUECPDGQDVCKPGFFKTGEVN[
8GT[NCTIGTGUKUVCPEGUECPDGWUGFVQTGRNCEGVJGUGTKGU4.GNGOGPVUKPU[OOGVTKEOWNVKRJCUGBEKTEWKVU
KHQPGKUQPN[KPVGTGUVGFKPVJGECRCEKVKXGEQWRNKPICOQPIVJGRJCUGUCUGZRNCKPGFKP(KI6JKUVTKEMTGFWEGU
VJGPWODGTQHPQFGUDWVOQTGKORQTVCPVN[KVCXQKFUCEEWTCE[RTQDNGOUYJKEJOC[QEECUKQPCNN[UJQYWRKHVJGB
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VJGXCNWGQHVJGUGTKGU

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CTGVQQHCTCRCTVKPQTFGTUQHOCIPKVWFG6JKUYQWNFTGSWKTGCEQORCTKUQPQHT.CPFT%KPVJGUVGCF[UVCVG
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UGEVKQP(QTCUJQTVNGPIVJýKUUOCNNCPFý=< ?CEEQTFKPIN[TGNCVKXGN[NCTIG#VVJGUCOGVKOGVJGUJWPV
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YKNNGXGPVWCNN[IGVNQUVKPVJGUQNWVKQP+PCRTCEVKECNECUGQHECRCEKVKXGEQWRNKPIDGVYGGPM8EKTEWKVUCV*\
VJKUCEEWTCE[RTQDNGOUJQYGFWRYKVJVJGUJQTVGUVNKPGUGEVKQPDGKPIMOKVYCUFKUEQXGTGFCEEKFGPVCNN[DGECWUG
VJGUKPINGRTGEKUKQPUQNWVKQP
CEEWTCE[CRRTQZFGEKOCNFKIKVUQPCP+$/FKHHGTGFWPGZRGEVGFN[D[HTQO
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CRRTQZFGEKOCNFKIKVU(QTTGCUQPCDNGUVGRUK\GUQH)VVJGRTQDNGOKUNGUUUGXGTGKPVJGVTCPUKGPVECNEWNCVKQP
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KUTGRNCEGFD[)VKP'S
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D[CHCEVQTQH1TKPQVJGTYQTFUCUKOKNCTCEEWTCE[RTQDNGOYQWNFCRRGCTFWTKPIVJGVTCPUKGPVUKOWNCVKQPKH
VJGNKPGYGTGUJQTVGPGFD[CHCEVQTQH
ýOKPUVGCFQHMO
8GT[UOCNNXCNWGUQH4FQETGCVGCEEWTCE[RTQDNGOUHQTVJGUCOGTGCUQPCUFKUEWUUGFKPVJGRTGEGFKPI
RCTCITCRJ 8GT[ UOCNN XCNWGU QH 4 ETGCVG XGT[ NCTIG EQPFWEVCPEG XCNWGU 4 KP VJG OCVTKZ =;? QH UVGCF[UVCVG
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VQVJCVTGUKUVCPEG8GT[UOCNNXCNWGUQH4JCXGDGGPWUGFKPVJGRCUVRTKOCTKN[VQUGRCTCVGUYKVEJGUUKPEGGCTNKGT
'/62XGTUKQPUCNNQYGFQPN[QPGUYKVEJVQDGEQPPGEVGFVQCPQFGYKVJWPMPQYPXQNVCIG+PPGYGTXGTUKQPUVJKU
NKOKVCVKQPQPVJGNQECVKQPQHUYKVEJGUPQNQPIGTGZKUVUCPFVJGPGGFHQTWUKPIXGT[UOCNNXCNWGUQH4UJQWNFVJGTGHQTG
PQNQPIGTGZKUVKPVJGUGNCVGTXGTUKQPU
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2TCEVKECNGZCORNGUHQTRWTGN[TGUKUVKXGPGVYQTMUCTGTCVJGTNKOKVGF#UKORNGECUGKUUJQYPKP(KI
#UUWOGCFEXQNVCIGUQWTEGYKVJPGINKIKDNGUQWTEGKORGFCPEGKUEQPPGEVGFVQCNKPGVJTQWIJCEKTEWKVDTGCMGTYKVJ
CENQUKPITGUKUVQTQHXCNWG4ENQUG+HYGCTGKPVGTGUVGFKPYJCVJCRRGPUCHVGTENQUKPIQHEQPVCEV+KPVJGHKTUVUJQTVVKOG
RGTKQFFWTKPIYJKEJTGHNGEVKQPUJCXGPQV[GVEQOGDCEMHTQOVJGTGOQVGGPFVJGPVJKUECUGECPDGUVWFKGFYKVJVJG
EKTEWKVQH(KI
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DGSWKXCNGPVEKTEWKV

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!ENQUKPIQHEQPVCEV+FQGUPQVPGEGUUCTKN[QEEWTCVOCZKOWOXQNVCIG
CRRTQZKOCVGFCUCFEUQWTEGKP(KI
DWVOC[QEEWTCP[YJGTGQPVJGUKPGYCXG
!VJGUQWTEGKORGFCPEGKUPQV\GTQ
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XGTUWU
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VTCPUHQTOGTVQVJGOCIPGVKECNN[EQWRNGFRJCUGEQPFWEVQTUQHCVJTGGRJCUGNKPGVJCVKPFWEVCPEGUWUWCNN[CRRGCTCU
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CPQTOCNVJTGG
DHQWTTGCEVQT
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UEJGOG

(KI5JWPVTGCEVQTEQPPGEVKQPU


C UKPINGRJCUGUJWPVTGCEVQTUCPFPGWVTCNTGCEVQTUKPUJWPVEQORGPUCVKQPUEJGOGU
(KI

D RCTVQHFKUEJCTIGEKTEWKVUKPUGTKGUECRCEKVQTUVCVKQPU

E GSWKROGPVKP*8&%EQPXGTVGTUVCVKQPUUWEJCUUOQQVJKPITGCEVQTUCPQFGTGCEVQTURCTVUQHHKNVGTU
QPVJGCECPFFEUKFG

F KPFWEVKXGRCTVQHUQWTEGKORGFCPEGUKP6JGXGPKPGSWKXCNGPVEKTEWKVUHQTVJGTGUVQHVJGU[UVGO
YJGPRQUKVKXGCPF\GTQUGSWGPEGRCTCOGVGTUCTGKFGPVKECN
(KI

G KPFWEVKXGRCTVQHUKPINGRJCUGPQOKPCNBEKTEWKVUKPVJGUKPINGRJCUGTGRTGUGPVCVKQPQHDCNCPEGF

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H RCTVQHGSWKXCNGPVEKTEWKVHQTNQCFU
(KIGXGPVJQWIJNQCFOQFGNNKPICVJKIJGTHTGSWGPEKGUKU
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(KI6JGXGPKPGSWKXCNGPVEKTEWKV
YKVJ<RQU<PGI<\GTQ


 (KI6[RKECNRQUKVKXGUGSWGPEGPGVYQTMTGRTGUGPVCVKQP

(KI.QCFOQFGNHQTJCTOQPKEUUVWFKGU=?

I RCTVQHUWTIGCTTGUVGTOQFGNUVQUKOWNCVGVJGF[PCOKEEJCTCEVGTKUVKEUQHVJGCTTGUVGT=?

J RCTVUQHGNGEVTQPKEEKTEWKVU
%JQMGEQKNUWUGFHQTRQYGTNKPGECTTKGTEQOOWPKECVKQPUCTGPQTOCNN[KIPQTGFKPUYKVEJKPIUWTIGUVWFKGU
DWVOC[JCXGVQDGOQFGNNGFKPUVWFKGUKPXQNXKPIJKIJGTHTGSWGPEKGU%WTTGPVVTCPUHQTOGTUCTGWUWCNN[KIPQTGF
WPNGUUVJGEWTTGPVVTCPUHQTOGTKVUGNHKURCTVQHVJGKPXGUVKICVKQP
GIKPUVWF[KPIVJGFKUVQTVKQPQHVJGUGEQPFCT[
EWTTGPVVJTQWIJUCVWTCVKQPGHHGEVU
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 Z’zero
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with the first diagonal element being the zero sequence (ground mode) impedance, and the next M-1 diagonal elements
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and similarly for the capacitances,

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To refer to the two distinct diagonal elements as zero and positive sequence may be confusing, because the
concept of sequence values has primarily been used for three-phase lines. "Ground mode" and "aerial mode" may be
more appropriate. Confusion is most likely to arise for double-circuit three-phase lines, where each three-phase line
has its own zero and positive sequence values defined by Eq. (4.50) and (4.51) with symmetrical components used for
each three-phase circuit, while in the context of this section the double-circuit line is treated as a six-phase line with
different zero and positive sequence values defined by Eq. (4.60) and (4.61). The fact that the terms zero and positive
sequence are used for M û 3 as well comes from the generalization of symmetrical components of Section 4.1.4 to M
phases with the transformation matrix [56, p. 155]

U U  U/

U U  U/
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/ /

A special case of interest for symmetric bipolar dc lines11 is M = 2. In this case [T] of Eq. (4.58) and [S] of
Eq. (4.62a) are identical,

  
=6&RJCUG? '

  &

4.1.3.3 Two Identical Three-Phase Lines with Zero Sequence Coupling Only
Just as a transposed single-circuit three-phase line can usually be approximated as a balanced line, so two
identical and parallel three-phase lines can often be approximated as "almost balanced" lines with an impedance matrix
of the form

< )U < )O < )O < )R < )R < )R

< )O < )U < )O < )R < )R < )R

< )O < )O < )U < )R < )R < )R


< )R < )R < )R < )U < )O < )O

< )R < )R < )R < )O < )U < )O

< )R < )R < )R < )O < )O < )U

The transposition scheme of Fig. 4.22 would produce such a matrix form, which implies that the two circuits are only
coupled in zero sequence, but not in positive or negative sequence. Such a complicated transposition scheme is seldom,
if ever, used, but the writer suspects that positive and negative sequence couplings in the more common double-circuit
transposition scheme of Fig. 4.23 is often so weak that the model discussed here may be a useful approximation for the
case of Fig. 4.23 as well.

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QTITQWPFTGVWTPCTGDQVJECNNGFUKPINGRJCUGEKTEWKVUHQTJKUVQTKECN
TGCUQPU(QT/$VJGFGHKPKVKQPKPVJG+'''5VCPFCTFUKUVJGUCOGCUKPVJKUOCPWCN


 (KI&QWDNGEKTEWKVVTCPURQUKVKQPUEJGOGYKVJ\GTQUGSWGPEGEQWRNKPI
QPN[
T h e
matrix of Eq. (4.64) is diagonalized by modifying the transformation matrix of Eq. (4.58) to

     
  &    
    &  
=6? '

  &    
 &   &  
 &    &

with [T]-1 = [T]t again, which produces the diagonal matrix

Z’G
Z’IL
Z’L
Z’L (4.66)
Z’L
Z’L

If each circuit has three-phase sequence parameters Z’zero, Z’pos, and if the three-phase zero sequence coupling between
the two circuits is Z’zero-coupling, then the ground mode G, inter-line mode IL and line mode L values required by the EMTP
are found from

< ) ) ' < ) \GTQ % < )\GTQ&EQWRNKPI

<) +. ' <) \GTQ & <) \GTQ&EQWRNKPI


< ) . ' < ) RQU

with identical equations for the capacitances.

If the two three-phase circuits are not identical, then the transformation matrix of Eq. (4.65) can no longer be
used; instead, [T] depends on the particular tower configuration.


4.1.4 Symmetrical Components
Symmetrical components are not used as such in the EMTP, except that the parameters of balanced lines after
transformation to M-phase , , 0-components are the same as the parameters of symmetrical components, namely zero
and positive sequence values. The supporting routine LINE CONSTANTS does have output options for more detailed
symmetrical component information, however, which may warrant some explanations.
In addition to zero and positive sequence values, LINE CONSTANTS also prints full symmetrical component
matrices. Its diagonal elements are the familiar zero and positive sequence values of the line; they are correct for the
untransposed line as well as for a line which has been balanced through proper transpositions. The off-diagonal
elements are only meaningful for the untransposed case, because they would become zero for the balanced line. For
the untransposed case, these off-diagonal elements are used to define unbalance factors [47, p. 93]. The full symmetrical
component matrices are no longer symmetric, unless the columns for positive and negative sequence are exchanged [27].
This exchange is made in the output of the supporting routine LINE CONSTANTS with rows listed in order "zero, pos,
neg,..." and columns in order "zero, neg, pos,...". With this trick, matrices can be printed in triangular form (elements
in and below the diagonal), as is done with the matrices for individual and equivalent phase conductors.
Symmetrical components for two-phase lines are calculated with the transformation matrix of Eq. (4.63), while
those of three-phase lines are calculated with

=XRJCUG? ' =5? =XU[OO? CPF =XU[OO? ' =5?& =XRJCUG?

C

identical for currents,

X\GTQ
YJGTG =XU[OO? ' XRQU
XPGI
  

=5? '  C C

 C C
  

=5?& '  C C
D

 C 
C

and a = ej120E.
The columns in these matrices are normalized12; in that form, [S] is unitary,

=5?& ' =5 Â?V



 6JGGNGEVTKEWVKNKV[KPFWUVT[WUWCNN[WUGUWPPQTOCNK\GFVTCPUHQTOCVKQPKPYJKEJVJGHCEVQTHQTVJG=5?OCVTKZ


KUKPUVGCFQH%CPFHQTVJG=5? OCVTKZKPUVGCFQH%6JGU[OOGVTKECNEQORQPGPVKORGFCPEGUCTG


KFGPVKECNKPDQVJECUGUDWVVJGUGSWGPEGEWTTGPVUCPFXQNVCIGUFKHHGTD[CHCEVQTQH%


where "*" indicates conjugate complex and "t" transposition.
For M $ 3, the supporting routine LINE CONSTANTS assumes three-phase lines in parallel. Examples:
M = 6: Two three-phase lines in parallel
M = 9: Three-phase lines in parallel
M = 8: Two three-phase lines in parallel, with equivalent phase conductors no. 7 and 8 ignored in the
transformation to symmetrical components.
The matrices are then transformed to three-phase symmetrical components and not to M-phase symmetrical components
of Eq. (4.62). For example for M = 6 (double-circuit three-phase line),

=5?&  =5? 
=< ) U[OO? ' < ) RJCUG

 =5?&  =5?

with [S] defined by Eq. (4.68), Eq. (4.70) produces the three-phase symmetrical component values required in Eq.
(4.67).
Balancing of double-circuit three-phase lines through transpositions never completely diagonalizes the
respective symmetrical component matrices. The best that can be achieved is with the seldom-used transposition scheme
of Fig. 4.22, which leads to

< )\GTQ&+   <\GTQ&EQWRNKPI  

 < )RQU&+    

  < )RQU&+   
=< ) U[OO? '
<\GTQ&EQWRNKPI   < )\GTQ&++  

    < )RQU&++ 

     < )RQU&++

(4.71)
If both circuits are identical, then Z’zero-I = Z’zero-II = Z’zero , and Z’pos-I = Z’pos-II = Z’pos ; in that case, the transformation matrix
of Eq. (4.65) can be used for diagonalization. The more common transposition scheme of Fig. 4.23 produces positive
and zero sequence coupling between the two


 (a) barrels rolled in (b) barrels rolled in
opposite direction same direction

Fig. 4.23 - Double-circuit transposition scheme

circuits as well, with the nonzero pattern of the matrix in Eq. (4.71) changing to

:  *:  
 : * : 
  :*  :
:  *:  
 : * : 
  :*  :

where "X" indicates nonzero terms. Re-assigning the phases in Fig. 4.23(b) to CI, BI, AI, AII, BII, CII from top to
bottom would change the matrix further to cross-couplings between positive sequence of one circuit and negative
sequence of the other circuit, and vice versa,

:  *:  
 : *  :
  :* : 

:  *:  
  :* : 
 : *  :

4.1.5 Modal Parameters

From the discussions of Section 4.1.3 it should have become obvious that the solution of M-phase transmission
line equations becomes simpler if the M coupled equations can be transformed to M decoupled equations. These
decoupled equations can then be solved as if they were single-phase equations. For balanced lines, this transformation
is achieved with Eq. (4.58).
Many lines are untransposed, however, or each section of a transposition barrel may no longer be short
compared with the wave length of the highest frequencies occurring in a particular study, in which case each section
must be represented as an untransposed line. Fortunately, the matrices of untransposed lines can be diagonalized as
well, with transformations to "modal" parameters derived from eigenvalue/eigenvector theory. The transformation
matrices for untransposed lines are no longer known a priori, however, and must be calculated for each particular pair
of parameter matrices [Z’phase] and [Y’phase].
To explain the theory, let us start again from the two systems of equations (4.31) and (4.32),


 F8RJCUG
& ' =< ) RJCUG? =+RJCUG?
C
FZ

and

F+RJCUG
& ' =; ) RJCUG?=8RJCUG?
D
FZ

with [Y’phase] = j [C’phase] if shunt conductances are ignored, as is customarily done. By differentiating the first equation
with respect to x, and replacing the current derivative with the second equation, a second-order differential equation for
voltages only is obtained,

F 8RJCUG
' =< ) RJCUG? =; ) RJCUG? =8RJCUG?
C
FZ 

Similarly, a second-order differential equation for currents only can be obtained,

F +RJCUG
' =; ) RJCUG? =< ) RJCUG? =+RJCUG?
D
FZ 

where the matrix products are now in reverse order from that in Eq. (4.73a), and therefore different. Only for balanced
matrices, and for the lossless high-frequency approximations discussed in Section 4.1.5.2, would the matrix products
in Eq. (4.73a) and (4.73b) be identical.
With eigenvalue theory, it becomes possible to transform the two coupled equations (4.73) from phase
quantities to "modal" quantities in such a way that the equations become decoupled, or in terms of matrix algebra, that
the associated matrices become diagonal, e.g., for the voltages,

F 8OQFG
' =7? =8OQFG?

FZ 

with [ ] being a diagonal matrix. To get from Eq. (4.73a) to (4.74), the phase voltages must be transformed to mode
voltages, with

=8RJCUG? ' =6X? =8OQFG?

C

and

=8OQFG? ' =6X?& =8RJCUG?

D

Then Eq. (4.73a) becomes

F 8OQFG
' =6X?& =< ) RJCUG? =; ) RJCUG? =6X? =8OQFG?
C
FZ 


which, when compared with Eq. (4.74), shows us that

=7? ' =6X?& =< ) RJCUG? =; ) RJCUG? =6X?

D

To find the matrix [Tv] which diagonalizes [Z’phase][Y’phase] is the eigenvalue/eigenvector problem. The diagonal elements
of [ ] are the eigenvalues of the matrix product [Z’phase][Y’phase], and [Tv] is the matrix of eigenvectors or modal matrix
of that matrix product. There are many methods for finding eigenvalues and eigenvectors. The most reliable method
for finding the eigenvalues seems to be the QR-transformation due to Francis [3], while the most efficient method for
the eigenvector calculation seems to be the inverse iteration scheme due to Wilkinson [4, 5]. In the supporting routines
LINE CONSTANTS and CABLE CONSTANTS, the "EISPACK"-subroutines [67] are used, in which the eigenvalues
and eigenvectors of a complex upper Hessenberg matrix are found by the modified LR-method due to Rutishauser. This
method is a predecessor of the QR-method, and where applicable, as in the case of positive definite matrices, is more
efficient than the QR-method [68]. To transform the original complex matrix to upper Hessenberg form, stabilized
elementary similarity transformations are used. For a given eigenvalue k, the corresponding eigenvector [tvk] (= k-th
column of [Tv]) is found by solving the system of linear equations

6 =< ) RJCUG? =; ) RJCUG? & 8M=7? > =VXM? ' 



with [U] = unit or identity matrix. Eq. (4.77) shows that the eigenvectors are not uniquely defined in the sense that they
can be multiplied with any nonzero (complex) constant and still remain proper eigenvectors13, in contrast to the
eigenvalues which are always uniquely defined.
Floating-point overflow may occur in eigenvalue/eigenvector subroutines if the matrix is not properly scaled.
Unless the subroutine does the scaling automatically, [Z’phase][Y’phase] should be scaled before the subroutine call, by
dividing each element by -( 2g0µ 0), as suggested by Galloway, Shorrows and Wedepohl [39]. This division brings
the matrix product close to unit matrix, because [Z'phase][Y'phase] is a diagonal matrix with elements - 2g0 µ 0 if resistances,
internal reactances and Carson's correction terms are ignored in Eq. (4.7) and (4.8), as explained in Section 4.1.5.2. The
eigenvalues from this scaled matrix must of course be multiplied with - 2g0µ 0 to obtain the eigenvalues of the original
matrix. In [39] it is also suggested to subtract 1.0 from the diagonal elements after the division; the eigenvalues of this
modified matrix would then be the p.u. deviations from the eigenvalues of the lossless high-frequency approximation
of Section 4.1.5.2, and would be much more separated from each other than the unmodified eigenvalues which lie close
together. Using subroutines based on [67] gave identical results with and without this subtraction of 1.0, however.
In general, a different transformation must be used for the currents,

=+RJCUG? ' =6K? =+OQFG?

C

 6JKUKUKORQTVCPVKHOCVTKEGU=6 ?QDVCKPGFHTQOFKHHGTGPVRTQITCOUCTGEQORCTGF6JGCODKIWKV[ECPDG


X

TGOQXGFKPCPWODGTQHYC[UGID[CITGGKPIVJCVVJGGNGOGPVUKPVJGHKTUVTQYUJQWNFCNYC[UDGQTD[
PQTOCNK\KPIVJGEQNWOPUVQC'WENKFGCPXGEVQTNGPIVJQHVJCVKUD[TGSWKTKPIV V  V V  
X X X X

YKVJVEQPLWICVGEQORNGZQHV+PVJGNCVVGTECUGVJGTGKUUVKNNCODKIWKV[KPVJGUGPUGVJCVGCEJEQNWOPEQWNF
DGOWNVKRNKGFYKVJCTQVCVKQPEQPUVCPVG "CPFUVKNNJCXGXGEVQTNGPIVJ
L


and

=+OQFG? ' =6K?& =+RJCUG?

D

because the matrix products in Eq. (4.73a) and (4.73b) have different eigenvectors, though their eigenvalues are
identical. Therefore, Eq. (4.73b) is transformed to

F +OQFG
' =7? =+OQFG?

FZ 

with the same diagonal matrix as in Eq. (4.74). While [Ti] is different from [Tv], both are fortunately related to each
other [58],

=6K? ' =6X ?&

V



where "t" indicates transposition. It is therefore sufficient to calculate only one of them.
Modal analysis is a powerful tool for studying power line carrier problems [59-61] and radio noise interference
[62, 63]. Its use in the EMTP is discussed in Section 4.1.5.3. It is interesting to note that the modes in single-circuit
three-phase lines are almost identical with the , , 0-components of Section 4.1.3.1 [58]. Whether the matrix products
in Eq. (4.73) can always be diagonalized was first questioned by Pelissier in 1969 [64]. Brandao Faria and Borges da
Silva have shown in 1985 [65] that cases can indeed be constructed where the matrix product cannot be diagonalized.
It is unlikely that such situations will often occur in practice, because extremely small changes in the parameters (e.g.,
in the 8th significant digit) seem to be enough to make it diagonalizable again. Paul [66] has shown that diagonalization
can be guaranteed under simplifying assumptions, e.g., by neglecting conductor resistances.
The physical meaning of modes can be deduced from the transformation matrices [Tv] and [Ti]. Assume, for
example, that column 2 of [Ti] has entries of (-0.6, 1.0, -0.4). From Eq. (4.78a) we would then know that mode-2 current
flows into phase B in one way, with 60% returning in phase A and 40% returning in phase C.

4.1.5.1 Line Equations in Modal Domain

With the decoupled equations of (4.74) and (4.79) in modal quantities, each mode can be analyzed as if it were
a single-phase line. Comparing the modal equation

F 8OQFG&M
' 8M 8OQFG&M
FZ 

with the well-known equation of a single-phase line,

F 8
' (8
FZ 

with the propagation constant defined in Eq. (1.15), shows that the modal propagation constant mode-k is the square


root of the eigenvalue,

(OQFG&M ' "M % L$M ' (M



with
k = attenuation constant of mode k (e.g., in Np/km),
k = phase constant of mode k (e.g., in rad/km).
The phase velocity of mode k is

T
RJCUG XGNQEKV[ '
C
$M

and the wavelength is

B
YCXG NGPIVJ '
D
$M

While the modal propagation constant is always uniquely defined, the modal series impedance and shunt
admittance as well as the modal characteristic impedance are not, because of the ambiguity in the eigenvectors.
Therefore, modal impedances and admittances only make sense if they are specified together with the eigenvectors used
in their calculation. To find them, transform Eq. (4.72a) to modal quantities

F8OQFG
& ' =6X?& =< ) RJCUG? =6K? =+OQFG?

FZ

The triple matrix product in Eq. (4.83) is diagonal, and the modal series impedances are the diagonal elements of this
matrix

=< ) OQFG? ' =6X?& =< ) RJCUG? =6K?

C

or with Eq. (4.80),

=< ) OQFG? ' =6K V? =< ) RJCUG? =6K?

D

Similarly, Eq. (4.72b) can be transformed to modal quantities, and the modal shunt admittances are then the diagonal
elements of the matrix

) )
=;OQFG? ' =6K?& =;RJCUG? =6X?
C

or with Eq. (4.80),

=; ) OQFG? ' =6X V? =; ) RJCUG? =6X?

D


The proof that both [Z’mode] and [Y’mode] are diagonal is given by Wedepohl [58]. Finally, the modal characteristic
impedance can be found from the scalar equation

< )OQFG&M
<EJCT&OQFG&M '
C
; )OQFG&M

or from the simpler equation

(OQFG&M
<EJCT&OQFG&M '
D
; )OQFG&M

A good way to obtain the modal parameters may be as follows: First, obtain the eigenvalues k and the
eigenvector matrix [Tv] of the matrix product [Z’phase][Y’phase ]. Then find [Y’mode ] from Eq. (4.85b), and the modal series
impedance from the scalar equation

8M
< )OQFG&M '
E
; )OQFG&M

The modal characteristic impedance can then be calculated from Eq. (4.86a), or from Eq. (4.86b) if the propagation
constant from Eq. (4.81) is needed as well. If [Ti] is needed, too, it can be found efficiently from Eq. (4.85a)

=6K? ' =; ) RJCUG? =6X? =; ) OQFG?&

E

because the product of the first two matrices is available anyhow when [Y’mode] is found, and the post-multiplication with
[Y’mode]-1 is simply a multiplication of each column with a constant (suggested by Luis Marti). Eq. (4.85c) also
establishes the link to an alternative formula for [Ti] mentioned in [57],

=6K? ' =; ) RJCUG? =6X? =&?

with [D] being an arbitrary diagonal matrix. Setting [D] = [Y’mode]-1 leads us to the desirable condition [Ti] = [Tvt]-1 of
Eq. (4.80). If the unit matrix were used for [D], all modal matrices in Eq. (4.84) and (4.85) would still be diagonal, but
with the strange-looking result that all modal shunt admittances become 1.0 and that the modal series impedances
become k. Eq. (4.80) would, of course, no longer be fulfilled. For a lossless line, the modal series impedance would
then become a negative resistance, and the modal shunt admittance would become a shunt conductance with a value of
1.0 S. As long as the case is solved in the frequency domain, the answers would still be correct, but it would obviously
be wrong to associate such modal parameters with

MX MK
& ' 4 )K CPF & ' ) )X
MZ MZ

(with R’ negative and G’ = 1.0) in the time domain.


4.1.5.2 Lossless High-Frequency Approximation
In lightning surge studies, many simplifying assumptions are made. For example, the waveshape and amplitude
of the current source representing the lightning stroke is obviously not well known. Similarly, flashover criteria in the
form of volt-time characteristics or integral formulas [8] are only approximate. In view of all these uncertainties, the
use of highly sophisticated line models is not always justified. Experts in the field of lightning surge studies normally
use a simple line model in which all wave speeds are equal to the speed of light, with a surge impedance matrix [Zsurge ]
in phase quantities, where

<KK&UWTIG '  NP
JKTK
C

<KM&UWTIG '  NP
&KMFKM
D

CNN YCXG URGGFU ' URGGF QH NKIJV

E

with ri being the radius of the conductor, or the radius of the equivalent conductor from Eq. (4.30) in case of a bundle
conductor.14
Typically, each span between towers is represented separately as a line, and only a few spans are normally
modelled (3 for shielded lines, or 18 for unshielded lines in [8]). For such short distances, losses in series resistances
and differences in modal travel times are negligible. The effect of corona is sometimes included, however, by modifying
the simple model of Eq. (4.87) [8].
It is possible to develop a special line model based on Eq. (4.87) for the EMTP, in which all calculations are
done in phase quantities. But as shown here, the simple model of Eq. (4.87) can also be solved with modal parameters
as a special case of the untransposed line. The simple model follows from Eq. (4.72) by making two assumptions for
a "lossless high-frequency approximation":
1. Conductor resistances and ground return resistances are ignored.
2. The frequencies contained in the lightning surges are so high that all currents flow on the surface of
the conductors, and on the surface of the earth.
Then the elements of [Z’phase] become

z z
< ) KK ' LT NP
JKTK  < ) KM ' LT NP
&KMFKM

B B

while [Y’] is obtained by inverting the potential coefficient matrix,

=; )? ' LT =2 )?&


with the elements of [P’] being the same as in Eq. (4.88) if the factor j µ 0/(2 ) is replaced by 1/(2 g0). Then both matrix

 )TQWPFYKTGUCTGWUWCNN[TGVCKPGFCURJCUGEQPFWEVQTUKPUWEJUVWFKGU+HVJG[CTGGNKOKPCVGFVJGOGVJQF


QH5GEVKQPOWUVDGWUGFQP=< ? UWTIG


products in Eq. (4.73) become diagonal matrices with all elements being

8M ' & Tgz M'/



These values are automatically obtained from the supporting routines LINE CONSTANTS and CABLE
CONSTANTS as the eigenvalues of the matrix products in Eq. (4.73), by simply using the above two assumptions in
the input data (all conductor resistances = 0, GMR/r = 1.0, no Carson correction terms). The calculation of the
eigenvector matrix [Tv] or [Ti] needed for the untransposed line model of Section 4.2 breaks down, however, because
the matrix products in Eq. (4.73) are already diagonal. To obtain [Tv], let us first assume equal, but nonzero conductor
resistances R’. Then the eigenvectors [tvk] are defined by

& Tgz=7? % LT4 )=2 )?& =VXM? ' 8M =VXM?


with the expression in parentheses being the matrix product [Z’phase][Y’phase], and [U] = unit matrix. Eq. (4.91) can be
rewritten as

=2 )?& =VXM? ' 8M&OQFKHKGF =VXM?



with modified eigenvalues

LT 4 ) 8M&OQFKHKGF ' 8M % Tgz



Eq. (4.92) is valid for any value of R’, including zero. It therefore follows that [Tv] is obtained as the eigenvectors of
[P’]-1, or alternatively as the eigenvectors of [P’] since the eigenvectors of a matrix are equal to the eigenvectors of its
inverse. The eigenvalues of [P]-1 are not needed because they are already known from Eq. (4.90), but they could also
be obtained from Eq. (4.93) by setting R’ = 0.
For this simple mode, [Tv] is a real, orthogonal matrix,

=6X? =6X?V ' =7?



and therefore,

=6K? ' =6X?



D.E. Hedman has solved this case of the lossless high-frequency approximation more than 15 years ago [45]. He
recommended that the eigenvectors be calculated from the surge impedance matrix of Eq. (4.87), which is the same as
calculating them from [P’] since both matrices differ only by a constant factor.
One can either modify the line constants supporting routines to find the eigenvectors from [P’] for the lossless
high-frequency approximation, as was done in UBC’s version, or use the same trick employed in Eq. (4.91) in an
unmodified program: Set all conductor resistances equal to some nonzero value R’, set GMR/r = 1, and ask for zero
Carson correction terms. If the eigenvectors are found from [P’], then it is advisable to scale this matrix first by
multiplying all elements with 2 g0.
The lossless high-frequency approximation produces eigenvectors which differ from those of the lossy case


at very high frequencies [61]. This is unimportant for lightning surge studies, but important for power line carrier
problems.

Example: For a distribution line with one ground wire (Fig. 4.24) the lossless high-frequency approximation produces
the following modal surge impedances and transformation matrix,

mode Zsurge-mode ( )
1 993.44
2 209.67
3 360.70
4 310.62

(KI2QUKVKQPQHRJCUGEQPFWEVQTU#$
%CPFITQWPFYKTG&
CXGTCIGJGKIJVCNN
FKOGPUKQPUKPO%QPFWEVQTFKCOGVGT
OO

  &

 & 
 & 
 & &

Converted to phase quantities, the surge impedance matrix becomes [Tv][Zsurge-mode][Tv]t, or


  U[OOGVTKE
=<UWTIG&RJCUG? ' S
  
   


The elements from Eq. (4.87) are slightly larger, by a factor of 300,000/299,792, because the supporting routine LINE
CONSTANTS uses 299,792 km/s for the speed of light, versus 300,000 km/s implied in Eq. (4.87).

Representation in EMTP then would be by means of a 4-phase, constant-parameter, lossless line. The following
branch cards are for the first of 4 such cascaded sections:

-11A 2A 993.44 .3E-6 2 4

-11B 2B 993.44 .3E-6 2 4
-11C 2C 993.44 .3E-6 2 4
-11D 2D 993.44 .3E-6 2 4

The modelling of long lines as coupled shunt resistances [R] = [Zsurge-phase] has already been discussed in Section
3.1.3. In the example above, such a shunt resistance matrix could be used to represent the rest of the line after the 4
spans from the substation. Simply using the 4 x 4 matrix would be unrealistic with respect to the ground wire, however,
because it would imply that the ground wire is ungrounded on the rest of the line. More realistic, though not totally
accurate, would be a 3 x 3 matrix obtained from [Z’phase] and [Y’phase] in which the ground wire has been eliminated. This
model implies zero potential everywhere on the ground wire, in contrast to the four spans where the potential will more
or less oscillate around zero because of reflections up and down the towers.

Comparison with More Accurate Models: For EMTP users who are reluctant to use the simple model described in this
section, a few comments are in order. First, let us compare exact values with the approximate values. If we use constant
parameters and choose 400 kHz as a reasonable frequency for lightning surge studies, then we obtain the results of table
4.5 for the test example above, assuming T/D = 0.333 for skin effect correction and internal inductance calculation with
the tubular conductor formula, R’dc = 0.53609 /km, and = 100 m.

Table 4.5 - Exact line parameters at 400 kHz

mode Zsurge-mode ( ) wave velocity (m/s) R’ ( /km)

1 1027.6-j33.9 285.35 597.4
2 292.0-j0.5 299.32 7.9
3 361.9-j0.5 299.37 8.2
4 311.1-j0.5 299.32 8.0

The differences are less than 0.5% in surge impedance and wave speed for the aerial modes 2 to 4, and not more than
5% for the ground return mode 1. These are small differences, considering all the other approximations which are made
in lightning surge studies. If series resistances are included by lumping them in 3 places, totally erroneous results may
be obtained if the user forgets to check whether R/4 # Zsurge in the ground return mode. For the very short line length
of 90 m in this example, this condition would still be fulfilled here.
Using constant parameters at a particular frequency is of course an approximation as well, and some users may
therefore prefer frequency-dependent models. For very short line lengths, such as 90 m in the example, most frequency-
dependent models are probably unreliable, however. It may therefore be more sensible to use the simple model


described here, for which answers are reliable, rather than sophisticated models with possibly unreliable answers.
A somewhat better lossless line model for lightning surge studies than the preceding one has been suggested
by V. Larsen [92]. To obtain this better model, the line parameters are first calculated in the usual way, at a certain
frequency which is typical for lightning surges (e.g., at 400 kHz). The resistances are then set to zero when the matrix
product [Z’phase][Y’phase ] is formed, before the modal parameters are computed. With this approach, [Ti] will always be
real. Table 4.6 shows the modal parameters of this better lossless model. They differ very little from those in Table
4.5.

Table 4.6 - Approximate modal parameters at 400 kHz with R=0

mode Zsurge-mode ( ) wave velocity (m/s)

1 1026.3 285.50
2 292.0 299.32
3 362.0 299.37
4 311.1 299.32

In particular, the wave velocity of the ground return mode 1 is now much closer to the exact value of Table 4.5. The
transformation matrix which goes with the modal parameters of Table 4.6 is

  & 

 &  &
=6K? '
 &  
 & & 

In this case [Tv] is no longer to [Ti]; Eq. (4.80) must be used instead.

4.1.5.3 Approximate Transformation Matrices for Transient Solutions

The transformation matrices [Tv] and [Ti] are theoretically complex, and frequency-dependent as well. With
a frequency-dependent transformation matrix, modes are only defined at the frequency at which the transformation
matrix was calculated. Then the concept of converting a polyphase line into decoupled single-phase lines (in the modal
domain) cannot be used over the entire frequency range. Since the solution methods for transients are much simpler
if the modal composition is the same for all frequencies, or in other words, if the transformation matrices are constant
with real coefficients, it is worthwhile to check whether such approximate transformation matrices can be used without
producing too much error. Fortunately, this is indeed possible for overhead lines [66, 78].
Guidelines for choosing approximate (real and constant) transformation matrices have not yet been worked out
at the time when these notes are being written. The frequency-dependent line model of J. Marti discussed in Section
4.2.2.6 needs such a real and constant transformation matrix, and wrong answers would be obtained if a complex
transformation matrix were used instead. Since a real and constant transformation matrix is always an approximation,


its use will always produce errors, even if they are small and acceptable. The errors may be small in one particular
frequency region, and larger in other regions, depending on how the approximation is chosen.
One choice for an approximate transformation matrix would be the one used in the lossless approximations
discussed in Section 4.1.5.2. This may be the best choice for lightning surge studies.
For switching surge studies and similar types of studies, the preferred approach at this time seems to be to
calculate [Tv] at a particular frequency (e.g., at 1 kHz), and then to ignore the imaginary part of it. In this approach, [Tv]
should be predominantly real before the imaginary part is discarded. One cannot rely on this when the subroutine
returns the eigenvectors, since an eigenvector multiplied with ej50E or any other constant would still be a proper
eigenvector. Therefore, the columns of [Tv] should be normalized in such a way that its components lie close to the real
axis. One such normalization procedure was discussed by V. Brandwajn [79]. The writer prefers a different approach,
which works as follows:
1. Ignore shunt conductances, as is customarily done. Then [Y’phase] is purely imaginary. Use Eq. (4.85)
to find the diagonal elements of the modal shunt admittance matrix Y’mode-k-preliminary.
2. In general, these "preliminary" modal shunt admittances will not be purely imaginary, but j C’mode-ke-
j k
instead. Then normalize [Tv] by multiplying each column with ej k/2
. With this normalized
transformation matrix, the modal shunt admittances will become j C’mode-k, or purely imaginary as in
the phase domain.
3. To obtain the approximate (real and constant) transformation matrix, discard the imaginary part of
the normalized matrix from step 2.
4. Use the approximate matrix [Tv-approx.] from step 3 to find modal series impedances and modal shunt
admittances from Eq. (4.84) and (4.85) over the frequency range of interest. If [Ti] is needed, use

=6K&CRRTQZ? ' =6X&CRRTQZ?&

V



5. If the line model requires nonzero shunt conductances, add them as modal parameters. Usually, only
conductances from phase to ground are used (with phase-to-phase values being zero); in that case,
the modal conductances are the same as the phase-to-ground conductances if the latter are equal for
all phases.
An interesting method for finding approximate (real and constant) transformation matrices has been suggested
by Paul [66]. By ignoring conductor resistances, and by assuming that the Carson correction terms R’ii + j X’ii in Eq.
(4.7) and R’ik + j X’ik in Eq. (4.8) are all equal (all elements in the matrix of correction terms have one and the same
value), the approximate transformation matrix [Ti-approx.] is obtained as the eigenvectors of the matrix product


=% ) RJCUG? 


with all elements of the second matrix being 1. To find [T v-approx.], Eq. (4.96) would have to be used. Wasley and


Selvavinayagamoorthy [93] find the approximate transformation matrices by simply taking the magnitudes of the
complex elements, with an appropriate sign reflecting the values of their arguments. They compared results using these
approximate matrices with the exact results (using complex, frequency-dependent matrices), and report that fairly high
accuracy can be obtained if the approximate matrix is computed at a low frequency, even for the case of double-circuit
lines.
If the M-phase line is assumed to be balanced (Section 4.1.3.2), then the transformation matrix is always real
and constant, and known a priori with Eq. (4.58) and Eq. (4.59). Two identical and balanced three-phase lines with zero
sequence coupling only have the real and constant transformation matrix of Eq. (4.65).

4.2 Line Models in the EMTP

The preceding Section 4.1 concentrated on the line parameters per unit length. These are now used to develop
line models for liens of a specific length.
For steady-state solutions, lines can be modelled with reasonable accuracy as nominal -circuits, or rigorously
as equivalent -circuits. For transient solutions, the methods become more complicated, as one proceeds from the simple
case of a single-phase lossless line with constant parameters to the more realistic case of a lossy polyphase line with
frequency-dependent parameters.

4.2.1 AC Steady-State Solutions

Lines can be represented rigorously in the steady-state solution with exact equivalent -circuits. Less accurate
representations are sometimes used, however, to match the model to the one used in the transient simulation (e.g.,
lumping R in three places, rather than distributing it evenly along the line, or using approximate real transformation
matrices instead of exact complex matrices). For lines of moderate "electrical" length (typically # 100 km at 60 Hz),
nominal -circuits are often accurate enough, and are probably the best models to use for steady-state solutions at power
frequency. If the steady-state solution is followed by a transient simulation, or if steady-state solutions are requested
over a wide frequency range, then the nominal -circuit must either be replaced by a cascade connection of shorter
nominal -circuits, or by an exact equivalent -circuit derived from the distributed parameters.

4.2.1.1 Nominal M-Phase -Circuit

For the nominal M-phase -circuit of Fig. 3.10, the series impedance matrix and the two equal shunt
susceptance matrices are obtained from the per unit length matrices by simply multiplying them with the line length, as
shown in Eq. (4.35) and (4.36). The equations for the coupled lumped elements of this M-phase -circuit have already
been discussed at length in Section 3, and shall not be repeated here.
Nominal -circuits are fairly accurate if the line is electrically short. This is practically always the case if
complicated transposition schemes are studied at power frequency (60 Hz or 50 Hz). Fig. 4.25 shows a typical example,
with three circuits on the same right-of-way. In this case, each of the five transposition sections (1-2, 2-3, 3-4, 4-5, 5-6)
would be represented as a nominal 9-phase -circuit. While a nominal -circuit would already be reasonably accurate


for the total line length of 95 km, nominal -circuits are certainly accurate for each transposition section, since the
longest section is only 35 km long. A comparison between measurements on the de-energized line L3 and computer
results is shown in table 4.7 [80]. The coupling in this case is predominantly capacitive.

(KI6TCPURQUKVKQPUEJGOGHQTVJTGGCFLCEGPVEKTEWKVU

Table 4.7 - Comparison between measurements and EMTP results (voltages on energized line L1 =
372 kV and on L2 = 535 kV)

phase measurement EMTP results

Induced voltages on de-energized line L3 if open at A 30 kV 27.5 kV
both ends B 15 kV 13.8 kV
C 10 kV 7.8 kV
Grounding currents if de-energized line L3 is A 11 A 10.5 A
grounded at right end B 5A 3.2 A
C 1A 1.5 A

Because nominal -circuits are so useful for studying complicated transposition schemes, a "CASCADED PI"
option was added to the BPA EMTP. With this option, the entire cascade connection is converted to one single -
circuit, which is an exact equivalent for the cascade connection. This is done by adding one "component" at a time, as
shown in Fig. 4.26. The "component" may either be an M-phase -circuit, or other types of network elements such as


shunt reactors or series capacitors. Whenever component k is added, the nodal admittance matrix

(KI5EJGOCVKEKNNWUVTCVKQPQHECUECFKPIQRGTCVKQPHQT-VJEQORQPGPV

for nodes 1, 2, 3 is reduced by eliminating the inner nodes 2, to form the new admittance matrix of the equivalent for
the cascaded components 1, 2, ... K. This option keeps the computational effort in the steady-state solution as low as
possible by not having to use nodal equations for the inner nodes of the cascade connection, at the expense of extra
computational effort for the cascading procedure.

4.2.1.2 Equivalent -Circuit for Single-Phase Lines

Lines defined with distributed parameters at input time are always converted to equivalent -circuits for the
steady-state solution.
For lines with frequency-dependent parameters, the exact equivalent -circuit discussed in Section 1 is used,
with Eq. (1.14) and (1.15). The same exact equivalent -circuit is used for distortionless and lossless line models with
constant parameters.
In many applications, line models with constant parameters are accurate enough. For example, positive
sequence resistances and inductances are fairly constant up to approximately 1 kHz, as shown in Fig. 4.20. But even
with constant parameters, the solution for transients becomes very complicated (except for the unrealistic assumption
of distortionless propagation). Fortunately, experience showed that reasonable accuracy can be obtained if L’ and C’
are distributed and if

4 ' 4 )ý


is lumped in a few places as long as R << Zsurge. In the EMTP, R/2 is lumped in the middle and R/4 at both ends of an
otherwise lossless line, as shown in Fig. 4.27, and as further discussed in Section 4.2.2.5. For this transient
representation, the EMTP uses the same assumption15 in the

 6JG'/62UJQWNFRTQDCDN[DGEJCPIGFVQD[RCUUVJKUQRVKQPKHQPN[UVGCF[UVCVGUQNWVKQPUCTGTGSWGUVGF


GKVJGTCVQPGHTGSWGPE[QTQXGTCTCPIGQHHTGSWGPEKGU


 (KI.KPGTGRTGUGPVCVKQPYKVJNWORGFTGUKUVCPEGU

steady-state solution, to avoid any discrepancies between ac steady-state initialization and subsequent transient
simulation, even though experiments have shown that the differences are extremely small at power frequency. By using
equivalent -circuits for each lossless, half-length section in Fig. 4.27, and by eliminating the "inner" nodes 1, 2, 3, 4,
an equivalent -circuit (Fig. 1.2) was obtained by R.M. Hasibar with

4
<UGTKGU ' 4EQUTJ &  %  4 UKPTJ % L UKPTJ EQUTJ@
<
4

 %  <
<
4 4

&  &   UKPTJ % L UKPTJ EQUTJ
 < <

; '
 UJWPV <UGTKGU

where

J ' NGPIVJ . )% )

.)
< '
%)
4 ' NGPIVJ @ 4 )


4.2.1.3 Equivalent M-Phase -Circuit

To obtain an equivalent M-phase -circuit, the phase quantities are first transformed to modal quantities with
Eq. (4.84) and (4.85) for untransposed lines, or with Eq. (4.58) and (4.59) for balanced lines. For identical balanced
three-phase lines with zero sequence coupling only, Eq. (4.65) is used. For each mode, an equivalent single-phase -
circuit is then found in the same way as for single-phase lines; that is, either as an exact equivalent -circuit with Eq.
(1.14) and (1.15), or with Eq. (4.98) and (4.99) for the case of lumping R in three places. These single-phase modal
-circuits each has a series admittance Yseries-mode and two equal shunt admittances 1/2 Yshunt-mode. By assembling these
admittances as diagonal matrices, the admittance matrices of the M-phase -circuit in phase quantities are obtained from

=;UGTKGU? ' =6K? =;UGTKGU&OQFG? =6K?V



and


  
=;UJWPV? ' =6K? =;UJWPV&OQFG? =6K?V

 

While it is always possible to obtain the exact equivalent M-phase -circuit at any frequency in this way,
approximations are sometimes used to match the representation for the steady-state solution to the one used in the
transient solution. One such approximation is the lumping of resistances as shown in Fig. 4.27. Another approximation
is the use of real and constant transformation matrices in Eq. (4.100) and (4.101), as discussed in Section 4.1.5.3.

4.2.2 Transient Solutions

Historically, the first line models in the EMTP were cascade connections of -circuits, partly to prove that
computers could match switching surge study results obtained on transient network analyzers (TNA’s) at that time. On
TNA’s, balanced three-phase lines are usually represented with decoupled 4-conductor -circuits, as shown in Fig. 4.28.
This representation can easily be derived from Eq. (4.44) by rewriting it as

F8#
& '
< ) U & < ) O +# % < ) O
+# % +$ % +%

FZ

(KI(QWTEQPFWEVQTBEKTEWKVWUGFQP
60# U

for phase A, and similar for phases B and C. The first term in Eq. (4.102) is Z’posIA (or branch A1-A2 in Fig. 4.28),
while the second term is the common voltage drop caused by the earth and ground wire return current IA + IB + IC
(branch N1-N2 in Fig. 4.28). Note, however, that Fig. 4.28 is only valid if the sum of the currents flowing out through
a line returns through the earth and ground wires of that same line. For that reason, the neutral nodes N2, N3, ... must
be kept floating, and only N1 at the sending end is grounded. Voltages with respect to ground at location i are obtained
by measuring between the phase and node Ni. In meshed networks with different R/X-ratios, this assumption is probably
not true. For this reason, and to be able to handle balanced as well as untransposed lines with any number of phases,
M-phase -circuits were modelled directly with M x M matrices, as discussed in Section 4.1.2.4. Voltages to ground
are then simply the node voltages. Comparisons between these M-phase -circuits, and with the four-conductor -
circuits of Fig. 4.28 confirmed that the results are identical.


 The need for travelling wave solutions first arose in connection with rather simple lightning arrester studies,
where lossless single-phase line models seemed to be adequate. Section 1 briefly discusses the solution method used
in the EMTP for such lines. This method was already known in the 1920’s and 1930’s and strongly advocated by
Bergeron [81]; it is therefore often called Bergeron’s method. In the mathematical literature, it is known as the method
of characteristics, supposedly first described by Riemann.
It soon became apparent that travelling wave solutions were much faster and better suited for computers than
cascaded -circuits. To make the travelling wave solutions useful for switching surge studies, two changes were needed
from the simple single-phase lossless line: First, losses had to be included, which could be done with reasonable
accuracy by simply lumping R in three places. Secondly, the method had to be extended to M-phase lines, which was
achieved by transforming phase quantities to modal quantities. Originally, this was limited to balanced lines with built-
in transformation matrices, then extended to double-circuit lines, and finally generalized to untransposed lines. Fig. 4.29
compared EMTP results with results obtained on TNA’s, using the built-in transformation matrix for balanced three-
phase lines and simply lumping R in three places.

Fig. 4.29 - Energization of a three phase line. Computer simulation results (dotted line) superimposed on 8 transient


network analyzer results for receiving end voltage in phase B. Breaker contacts close at 3.05 ms in phase A, 8,05 ms
in phase B, and 5.55 ms in phase C (t=0 when source voltage of phase A goes through zero from negative to positive)
[82]. Reprinted by permission of CIGRE

While travelling wave solutions with constant distributed L’, C’ and constant lumped R produced reasonable
accurate answers in many cases, as shown in Fig. 4.29, there were also cases where the frequency dependence,
especially of the zero sequence impedance, could not be ignored. Choosing constant line parameters at the dominant
resonance frequency sometimes improved the results. Eventually, frequency-dependent line models were developed
by Budner [83], by Meyer and Dommel [84] based on work of Snelson [85], by Semlyen [86], and by Ametani [87].
A careful re-evaluation of frequency-dependence by J. Marti [88] led to a fairly reliable solution method, which seems
to become the preferred option as these notes are being written. J. Marti’s method will therefore be discussed in more
detail.

4.2.2.1 Nominal -Circuits

Nominal -circuits are generally not the best choice for transient solutions, because travelling wave solutions
are faster and usually more accurate. Cascade connections of nominal -circuits may be useful for untransposed lines,
however, because one does not have to make the approximations for the transformation matrix discussed in Section
4.1.5.3. On the other hand, one cannot represent frequency-dependent line parameters and one has to accept the
spurious oscillations caused by the lumpiness. Fig. 4.30 shows these oscillations for the simple case of a single-phase
line being represented with 8 and 32 cascaded nominal -circuits. The exact solution with distributed parameters is
shown for comparison purposes as well. The proper choice of the number of -circuits for one line is discussed in [89],
as well as techniques for damping the spurious oscillations with damping resistances in parallel with the series R-L
branches of the -circuit of Fig. 4.28.


Fig. 4.30 - Voltage at receiving end of a single phase line if a dc voltage of 10 V is connected to the sending end at t=0
(line data: R=0.0376 /mile, L=1.52 mH/mile, C=14.3 nF/mile, length-320 miles; receiving end terminated with shunt
inductance of 100 mH)

The solution methods for nominal -circuits have already been discussed in Section 3.4. With M-phase
nominal -circuits, untransposed lines (or sections of a line) are as simple to represent as balanced lines. In the former
case, one simply uses the matrices of the untransposed line, whereas in the latter case one would use matrices with
averaged equal diagonal and averaged equal off-diagonal elements.

4.2.2.2 Single-Phase Lossless Line with Constant L’ and C’

The solution method for the single-phase case has already been explained in Section 1. The storage scheme
for the history terms is the same as the one discussed in the next Section 4.2.2.3 for M-phase lossless lines, except that
each single-phase line occupies only one section in the table, rather than M section for M modes. Similarly, the
initialization of the history terms for cases starting from linear ac steady-state initial conditions is the same as in Eq.
(4.108).


 (KI.KPGCTKPVGTRQNCVKQP

(KI'HHGEVQHNKPGCTKPVGTRQNCVKQPQPUJCTRRGCMU&QVVGFNKPG)V
zUVQOCMGJKPVGIGTOWNVKRNGQH)V5QNKFNKPG)VzU
JPQVKPVGIGT
OWNVKRNGQH)V


 The solution is exact as long as the travel time is an integer multiple of the step size t. If this is not the case,
then linear interpolation is used in the EMTP, as indicated in Fig. 4.31. Linear interpolation is believed to be a
reasonable approximation for most cases, since the curves are usually smooth rather than discontinuous. If
discontinuities or very sharp peaks do exist, then rounding to the nearest integer multiple of t may be more sensible
than interpolation, however. There is no option for this rounding procedure in the EMTP, but the user can easily
accomplish this through changes in the input data. Fig. 4.32 compares results for the case of Fig. 4.30 with sharp peaks
with and without linear interpolation. The line was actually not lossless in this case, but the losses were represented
in a simple way by subdividing the line into 64 lossless sections and lumping resistances in between and at both ends.
The interpolation errors are more severe if lines are split up into many sections, as was done here. If the line were only
split up into two lossless sections, with R lumped in between and at both ends, then the errors in the peaks would be
less (the first peak would be 18.8, and the second peak would be -15.4).
The accumulation of interpolation errors on a line broken up into many sections, with of each section not
being an integer multiple of t, can easily be explained. Assume that a triangular pulse is switched onto a long, lossless
line, which is long enough so that no reflections come back from the remote end during the time span of the study (Fig.
4.33). Let us look at how this pulse becomes distorted through interpolation as it travels down the line if
(a) the line is broken up into short sections of travel time 1.5 t each, and
(b) the line from the sending end to the measuring point is represented as one section ( = k @ 1.5 t, with k = 1,
2, 3,...).

(KI5KPINGRJCUGNQUUNGUUNKPGGPGTIK\GFYKVJVTKCPIWNCT
RWNUG

At any point on the line, the current will be


K ' X
<

and between points 1 and 2 separated by (Fig. 4.33),

X
V % J ' X
V

This last equation was used in Fig. 4.34, together with linear interpolation, to find the shape of the pulse as it travels


down the line. The pulse loses its amplitude and becomes wider and wider if it is broken up into sections of travel time
1.5 t each. On the other hand, the pulse shape never becomes as badly distorted if the line is represented as one single
section.
What are the practical consequences of this interpolation error? Table 4.8 compares peak overvoltages from
a BPA switching surge study on a 1200 kV three-phase line16, 133 miles long. Each section was split up into two
lossless half-sections, with R lumped in the middle and

Table 4.8 - Interpolation errors in switching surge study with t = 50 µs

Peak overvoltages (MV)

Run Line model
phase A phase B phase C
1 single section 1.311 1.191 1.496
2 7 sections 1.276 1.136 1.457
3 single section with 1.342 1.167 1.489
rounded

at both ends, as explained in Section 4.2.2.4. Run no. 1 shows the results of the normal line representation as one
section. Run no. 2 with subdivision into 7 sections produces differences of 2.6 to 4.7%. In run no. 3 the zero and
positive sequence travel times 0 = 664.93 µs and 1 = 445.74 µs were rounded to 650 and 450 µs, respectively, to make
them integer multiples of t = 50 µs. These changes could be interpreted as a decrease in both L' 0 and C' 0 of 2.25%,
and as an increase in both L'1 and C'1 of 0.96%, with the surge impedances remaining unchanged. Since line parameters
are probably no more accurate than ±5% at best anyhow, these implied changes are quite acceptable. With rounding,
a slightly modified case is then solved without interpolation errors. Whether an option for rounding to the nearest
integer multiple of t should be added to the EMTP is debatable. In general, rounding may imply much larger changes
in L', C' than in this case, and if implemented, warning messages with the magnitude of these implied changes should
be added as well. In Table 4.8, runs no. 3 to 1 differ by no more than 2.3%, and the interpolation error is therefore
acceptable if the line is represented as one section. Breaking the line up into very many sections may produce
unacceptable interpolation errors, however.
If the user is interested in a "voltage profile" along the line, then a better alternative to subdivisions into
sections would be a post-processor "profile program" which would calculate

 6JGRTQDNGOQHKPVGTRQNCVKQPGTTQTUKUDCUKECNN[VJGUCOGHQTUKPINGRJCUGCPF/RJCUGNKPGUVJGTGHQTGC


VJTGGRJCUGECUGKURTGUGPVGFJGTGHQTYJKEJFCVCYCUCNTGCF[CXCKNCDNG%JQQUKPICUVGRUK\G)VYJKEJOCMGU
VJGVTCXGNVKOGJCPKPVGIGTOWNVKRNGQH)VKUOQTGFKHHKEWNVHQTVJTGGRJCUGNKPGUJQYGXGTDGECWUGVJGTGCTGVYQ
VTCXGNVKOGUHQTVJGRQUKVKXGCPF\GTQUGSWGPEGOQFGQPDCNCPEGFNKPGU
QTVJTGGVTCXGNVKOGUHQTVJGOQFGUQP
WPVTCPURQUGFNKPGU


(KI2WNUGCVKPETGOGPVCNFKUVCPEGUFQYPVJGNKPG


voltages and currents at intermediate points along the line from the results at both ends of the line. Such a program is
easy to write for lossless and distortionless lines. Luis Marti developed such a profile algorithm for the more
complicated frequency-dependent line models, which he merged into the time step loop of the EMTP [90]. This was
used to produce moves of travelling waves by displaying the voltage profile at numerous points along the line at time
intervals of t.
Fig. 4.34(a) suggests a digital filtering effect from the interpolation which is similar to that of the trapezoidal
rule described in Section 2.2.1. To explain this effect, Eq. (1.6) must first be transformed from the time domain

 
X
V & KMO
V ' XO
V&J % KOM
V&J
< M <

into the frequency domain,

 
+ ' 8 & +MO ' 8 % +OM @ G &LTJ

< M < O

For simplicity, let us assume that voltage and current phasors Vm and Imk at node m are known, and that we want to find
I = Vk/Z - Ikm at node k. Without interpolation errors, Eq. (4.103) provides the answer. If interpolation is used, and if
for the sake of simplicity we assume that the interpolated value lies in the middle of an interval t, then Eq. (4.103)
becomes

&LT
J%  )V
&LT
J& )V 
 

+KPVGTRQNCVGF ' 8O % +OM @ @ G 
%G 

< 

Therefore, the ratio of the interpolated to the exact value becomes

+KPVGTRQNCVGF )V
' EQU T

+GZCEV 

which is indeed somewhat similar to Fig. 2.10 for the error produced by the trapezoidal rule.
Single-phase lossless line models can obviously only approximate the complicated phenomena on real lines.
Nonetheless, they are useful in a number of applications, for example
(a) in simple studies where one wants to gain insight into the basic phenomena,
(b) in lightning surge studies, and
(c) as a basis for more sophisticated models discussed later.
For lightning surge studies, single-phase lossless line models have been used for a long time. They are
probably accurate enough in many cases because of the following reasons:
(1) Only the phase being struck by lightning must be analyzed, because the voltages induced in the other
phases will be much lower.
(2) Assumptions about the lightning stroke are by necessity very crude, and very refined line models are
therefore not warranted.


 (3) The risk of insulation failure in substations is highest for backflashovers at a distance of approx. 2
km or less. Insulation co-ordination studies are therefore usually made for nearby strokes. In that
case, the modal waves of an M-phase line "stay together," because differences in wave velocity and
distortion among the M waves are still small over such short distances. They can then easily be
combined into one resultant wave on the struck phase. There seems to be some uncertainty, however,
about the value of the surge impedance which should be used in such simplified single-phase
representations. It appears that the "self surge impedance" Zii-surge of Eq. (4.87a) should be used. For
nearby strokes it is also permissible to ignore the series resistance. Attenuation caused by corona may
be more important than that caused by conductor losses. At the time of writing these notes, corona
is still difficult to model, and it may therefore be best to ignore losses altogether to be on the safe side.

4.2.2.3 M-Phase Lossless Line with Constant L’ and C’

Additional explanations are needed for extending the method of Section 1 from single-phase lines to M-phase
lines. In principle, the equations are first written down in the modal domain, where the coupled M-phase line appears
as if it consisted of M single-phase lines. Since the solution for single-phase lines is already known, this is
straightforward. For solving the line equations together with the rest of the network, which is always defined in phase
quantities, these modal equations must then be transformed to phase quantities, as schematically indicated in Fig. 4.35.

(KI6TCPUHQTOCVKQPDGVYGGPRJCUGCPFOQFCNFQOCKPQPCVJTGGRJCUGNKPG

For simplicity, let us assume that the line has 3 phases. Then, with the notations from Fig. 4.35, each mode
is described by an equation of the form of Eq. (1.6), or


KC&C
V ' X
V % JKUVC&C
V&JC
<C C

KD&D
V ' X
V % JKUVD&D
V&JD

<D D


 
KE&E
V ' X
V % JKUVE&E
V&JE
<E E

where each history term hist was computed and stored earlier. For mode a, this history term would be


JKUVC&C
V&JC ' & X
V&JC & KC&C
V&JC

<C C

and analogous for modes b and c. These history terms are calculated for both ends of the line as soon as the solution
has been obtained at instant t, and entered into a table for use at a later time step. As indicated in Fig. 4.36, the history
terms of a three-phase line would occupy 3 sections of the history tables for modes a, b, c, and the length of each section
would be increased/ t, with increased being the travel time of the particular mode increased to the nearest integer multiple
of t17. Since the modal travel times a, b, c differ from each other, the 3 sections in this table are generally of different
length. This is also the reason for storing history terms as modal values, because one has to go back different travel
times for each mode in picking up history terms. For the solution at time t, the history terms of Eq. (4.106) are obtained
by using linear interpolation on the top two entries of each mode section.

 #UKPINGRJCUGNKPGYQWNFUKORN[QEEWR[QPGUGEVKQPYJGTGCUCUKZRJCUGNKPGYQWNFQEEWR[UKZUGEVKQPUKP


VJKUVCDNG


 (KI6CDNGHQTJKUVQT[VGTOUQHVTCPUOKUUKQPNKPGU
After the
solution in each time step, the entries in the tables of Fig. 4.36 must be shifted upwards by one location, thereby
throwing away the values at the oldest point at t- . This is then followed by entering the newly calculated history
increased

terms hist(t) at the newest point t. Instead of physically shifting values, the EMTP moves the pointer for the starting
address of each section down by 1 location. When this pointer reaches the end of the table, it then goes back again to
the beginning of the table ("wrap-around table") [91].
The initial values for the history terms must be known for t = 0, - t, -2 t, ... - . The necessity for
increased

knowing them beyond t = 0 comes from the fact that only terminal conditions are recorded. If the conditions were also
given along the line at travel time increments of t, then the initial values at t = 0 would suffice. For zero initial
conditions, the history table is simply preset to zero. For linear ac steady-state conditions (at one frequency ), the
history terms are first computed as phasors (peak, not rms),


 
*+56MO ' & 8O & +OM
C
<

where Vm and Imk are the voltage and current phasors at line end m (analogous for HISTmk ). With HIST = *HIST* · ej ,
the instantaneous history terms are then

JKUVMO
V ' **+56MO* @ EQU
TV % "  YKVJ V' &)V &)V 

(4.108b)
Eq. (4.108) is used for single-phase lines as well as for M-phase lines, except that mode rather than phase quantities
must be used in the latter case.
Eq. (4.106) are interfaced with the rest of the network by transforming them from modal to phase quantities
with Eq. (4.78a),

RJCUG RJCUG RJCUG

K& ' ;UWTIG X % JKUV&
C

with the surge admittance matrix in phase quantities,

&
<C  
&
;UWTIG ' 6K  <D  6K V
D
&
  <E

and the history terms in phase quantities,

JKUVC&C
RJCUG
JKUV& ' 6K JKUVD&D
E
JKUVE&E

For a lossless line with constant L' and C', the transformation matrix [Ti] will always be real, as explained in the last
paragraph of Section 4.1.5.2. It is found as the eigenvector matrix of the product [C'][L'] for each particular tower
configuration, where [L'] and [C'] are the per unit length series inductance and shunt capacitance matrices of the line.
For balanced lines, [Ti] is known a priori from Eq. (4.58), and for identical balanced three-phase lines with zero
sequence coupling only it is known a priori from Eq. (4.65).
The inclusion of Eq. (4.109) into the system of nodal equations (1.8a) for the entire network is quite
straightforward. Assume that for the example of Fig. 4.35, rows and columns for nodes 1A, 1B, 1C follow each other,
as do those for nodes 2A, 2B, 2C (Fig. 4.37). Then the 3 x 3 matrix [Ysurge] enters into two 3 x 3 blocks on the diagonal,
as indicated in Fig. 4.37, while the history terms [hist1-2phase] = [hist1A-2A, hist1B-2B , hist1C-2C ] of Eq. (4.109c) enter into rows
1A, 1B, 1C, on the right-hand side with negative signs. Analogous history terms for terminal 2 enter into rows 2A, 2B,


2C on the right-hand side. While [Ysurge] is entered into [G] only once outside the time-step loop, the history terms must
be added to the right-hand side in each time step.

(KI'PVTKGUHQTCVJTGGRJCUGNKPGKPVQU[UVGOQHGSWCVKQPU

M-phase lossless line models are useful, among other things, for
(a) simple studies where one wants to investigate basic phenomena,
(b) in lightning surge studies, where single-phase models are no longer adequate, and
(c) as a basis for more sophisticated models discussed later.
Lightning surge studies cannot always be done with single-phase models. For simulating backflashovers on
lines with ground wires, for example, the ground wire and at least the struck phase must be modelled ("2-phase line").
Since it is not always known which phase will be struck by the backflashover, it is probably best to model all three
phases in such a situation ("4-phase line"). An example for such a study is discussed in Section 4.1.5.2, with 4-phase
lossless line models representing the distribution line, and single-phase lossless line models representing the towers.
Not included in the data listing are switches (or some other elements) for the simulation of potential flashovers from
the tower top (nodes D) to phases A, B, C.

4.2.2.4 Single and M-Phase Distortionless Lines with Constant Parameters

Distortionless line models are seldom used, because wave propagation on power transmission lines is far from
distortionless. They have been implemented in the EMTP, nonetheless, simply because it takes only a minor
modification to change the lossless line equation into the distortionless line equation.


 A single-phase transmission line, or a mode of an M-phase line, is distortionless if

4) ))
'

.) %)

Losses are incurred in the series resistance R’ as well as in the shunt conductance G’. The real shunt conductance of
an overhead line is very small (close to zero), however. If its value must be artificially increased to make the line
distortionless, with a resulting increase in shunt losses, then it is best to compensate for that by reducing the series
resistance losses. The EMTP does this automatically by regarding the input value R’INPUT as an indicator for the total
losses, and uses only half of it for R’,

)
4) ))  4 +0276
' '

.) %)  .)

With this formula, the ac steady-state results are practically identical for the line being modelled as distortionless or with
R lumped in 3 places; the transient response differs mainly in the initial rate of rise. From Eq. (4.111), the attenuation
constant becomes

4 ) +0276 %)
" '

 .)

The factor 1/2 can also be justified by using an approximate expression for the attenuation constant for lines with low
attenuation and low distortion [48, p. 257],

4 ) +0276 %) ) ) +0276 .)
" ' %

 .)  %)

which is reasonably accurate if R’ << L’ and G’ << C’. This condition is fulfilled on overhead lines, except at very
low frequencies. Eq. (4.112) is then obtained by dropping the term with G’INPUT and by ignoring the fact that the waves
are not only attenuated but distorted as well.
If a user wants to represent a truly distortionless line where G’ is indeed nonzero, then the factor 1/2 should
of course not be used. The factor 1/2 is built into the EMTP, however, and the user must therefore specify R’INPUT twice
as large as the true series resistance in this case.
With known, an attenuation factor e- ý is calculated (ý = length of line). The lossless line of Eq. (1.6) is then
changed into a distortionless line by simply multiplying the history term of Eq. (1.6b) with this attenuation factor,


JKUVMO
V&J ' & X
V&J & KOM
V&J @ G &"ý

< O

The surge impedance remains the same, namely %L’/C’.

For M-phase lines, any of the M modes can be specified as distortionless. Mixing is allowed (e.g., mode 1
could be modelled with lumped resistances, and modes 2 and 3 as distortionless).


 Better results are usually obtained with the lumped resistance model described next, even though lumping of
resistances in a few places is obviously an approximation, whereas the distortionless line is solved exactly if the travel
time is an integer multiple of t.

4.2.2.5 Single and M-Phase Lines with Lumped Resistances

Experience has shown that a lossy line with series resistance R’ and negligible shunt conductance can be
modelled with reasonable accuracy as one or more sections of lossless lines with lumped resistances in between. The
simplest such approach is one lossless line with two lumped resistances R/2 at both ends. The equation for this model
is easily derived from the cascade connection of R/2 - lossless line - R/2, and leads to a form which is identical with that
of Eq. (1.6),


KMO
V ' X
V % JKUVMO
V&J

<OQFKHKGF M

except that the values for the surge impedance and history terms are slightly modified. With Z, R and calculated from
Eq. (4.99),

4
<OQFKHKGF ' < %


and

 4
JKUVMO
V&J ' & XO
V&J %
<& KOM
V&J
<OQFKHKGF 

This model with R/2 at both ends is not used in the EMTP. Instead, the EMTP goes one step further and lumps
resistances in 3 places, namely R/4 at both ends and R/2 in the middle, as shown in Fig. 4.27. This approach was taken
because the form of the equation still remains the same as in Eq. (4.115), except that

4
<OQFKHKGF ' < %



now. The history term becomes more complicated18, and contains conditions from both ends of the line at t - ,

< 4
JKUVMO
V&J ' & XO
V&J %
<&  KOM
V&J
<OQFKHKGF
 

 6JGGSWCVKQPCVVJGDQVVQOQHRNGHVEQNWOPKP=?EQPVCKPUCPGTTQT+ CPF+ UJQWNFPQVDG


M O

EQORWVGFHTQO'S
DKPUVGCFWUG+ 
<G
VJJK
VJYKVJVJGPQVCVKQPQH=?YJGTG<KU
M M MO

< QH'S
(QT+ GZEJCPIGUWDUETKRVUMCPFO
OQFKHKGF O


 4 4
& XM
V&J %
<&  KMO
V&J

<OQFKHKGF
 

Users who want to lump resistances in more than 3 places can do so with the built-in three-resistance model,
by simply subdividing the line into shorter segments in the input data. For example, 32 segments would produce lumped
resistances in 65 places. Interestingly enough, the results do not change much if the number of lumped resistances is
increased as long as R << Z. For example, results in Fig. 4.30 for the distributed-parameter case were practically
identical for lumped resistances in 3, 65, or 301 places. Fig. 4.29 shows as well that TNA results are closely matched
with R lumped in 3 places only.
One word of caution is in order, however. The lumped resistance model gives reasonable answers only if R/4
<< Z, and should therefore not be used if the resistance is high. High resistances do appear in lightning surge studies
if the parameters are calculated at a high frequency, e.g., at 400 kHz in Table 4.5, where R’ = 597.4 /km in the zero
sequence mode. Lumping R in 3 places would still be reasonable in the case discussed there where each tower span of
90 m is modelled as one line, since 13.4 is still reasonably small compared with Z = 1028 . If it were used to model
a longer line, say 90 km, then R/4 = 13,400 , which would produce totally erroneous results19. In such a situation it
might be best to ignore R altogether, or to use the frequency-dependent option if higher accuracy is required.
For M-phase lines, any of the M modes can be specified with lumped resistances. Mixing is allowed (e.g.,
mode 1 could be modelled with lumped resistances, and modes 2, ... M as distortionless). The lumped resistances do
not appear explicitly as branches, but are built into Eq. (4.115) (4.116) and (4.117) for each mode. Should a user want
to add them explicitly as branches, e.g., for testing purposes, then they would have to be specified as M x M - matrices
[R] in phase quantities, which could easily be done with the M-phase nominal -circuit input option by setting L =
0 and C = 0. All modes would have to use the lumped resistance model in this set-up, that is, mixing of models would
not be allowed in it.

4.2.2.6 Single and M-Phase Lines with Frequency-Dependent Parameters

The two important parameters for wave propagation are the characteristic impedance

4 ) % LT. )
<E '

) ) % LT% )

and the propagation constant

( '
4 ) % LT. )
) ) % LT% )


Both parameters are functions of frequency, even for constant distributed parameters R’, L’, G’, C’ (except for lossless
and distortionless lines). The line model with frequency-dependent parameters can handle this case of constant

 6JG7$%XGTUKQPQHVJG'/62UVQRUYKVJCPGTTQTOGUUCIGKH4 <+VYQWNFDGCFXKUCDNGVQCFFC



YCTPKPIOGUUCIGCUYGNNCUUQQPCU4IGVUHCKTN[NCTIG
GI <


distributed parameters20, even though it has primarily been developed for frequency-dependent series impedance
parameters R’( ) and L’( ). This frequency-dependence of the resistance and inductance is most pronounced in the zero
sequence mode, as seen in Fig. 4.20. Frequency-dependent line models are therefore important for types of transients
which contain appreciable zero sequence voltages and currents. One such type is the single line-to-ground fault.
To develop a line model with frequency-dependent parameters which fits nicely into the EMTP, it is best to
use an approach which retains the basic idea behind Bergeron’s method. Let us therefore look at what the expression
v + Zi used by Bergeron looks like now, as one travels down the line. Since the parameters are given as functions of
frequency, this expression must first be derived in the frequency domain. At any frequency, the exact ac steady-state
solution is described by the equivalent -circuit of Eq. (1.13), or in an input-output relationship form more convenient
here,

EQUJ
(ý <EUKPJ
(ý
8M 8O
' 

+MO UKPJ
(ý EQUJ
(ý &+OM
<

which can be found in any textbook on transmission lines. Assume that we want to travel with the wave from node m
to node k. Then the expression V + ZcI is obtained by subtracting Zc times the second row from the first row in Eq.
(4.120),

8M & <E +MO '

8O % <E +OM @ G &(ý
C

or rewritten as

+MO ' 8M<E &

8O<E % +OM @ G &(ý
D

with a negative sign on Ikm since its direction is opposite to the travel direction. Eq. (4.121) is very similar to Bergeron’s
method; the expression V + ZcI encountered when leaving node m, after having been multiplied with a propagation
factor e- ý, the same when arriving at node k. This is very similar to Bergeron’s equation for the distortionless line,
except that the factor is e- ý there, and that Eq. (4.121) is in the frequency domain here rather than in the time domain.
Before proceeding further, it may be worthwhile to look at the relationship between the equations in the
frequency and time domain for the simple case of a lossless line. In that case,

.)
<E '  ( ' LT . )% )  CPF G &(ý . G &LTJ
%)

Anybody familiar with Fourier transformation methods for transforming an equation from the frequency into the time
domain will recall that a phase sift of e-j in the frequency domain will become a time delay in the time domain.
Furthermore, Zc is now just a constant (independent of frequency), and Eq. (4.121) therefore transforms to

 6JKUECUGFKHHGTUHTQOVJGNKPGYKVJNWORGFTGUKUVCPEGUKPCUOWEJCUVJGTGUKUVCPEGDGEQOGUVTWN[FKUVTKDWVGF


PQY


 XM
V & <E KMO
V ' XO
V&J % <E KOM
V&J

which is indeed Bergeron’s equation (1.6).

For the general lossy case, the propagation factor

#
T ' G &(ý ' G &"ý @ G &L$ý

with = + j , contains an attenuation factor e- ý as well as a phase shift e-j ý, which are both functions of frequency.
To explain its physical meaning, let us connect a voltage source Vsource to the sending end m through a source impedance
which is equal to Zc( ), to avoid reflections in m (Fig. 4.38). In that case, V m + Z cI mk = V source. Furthermore, let us
assume that the receiving end k is open. Then from Eq. (4.121),

8M ' 8UQWTEG @ #
T


(KI8QNVCIGUQWTEGEQPPGEVGFVQGPFOVJTQWIJOCVEJKPI
KORGFCPEG

that is, the propagation factor is the ratio (receiving end voltage) / (source voltage) of an open-ended line if the line is
fed through a matching impedance Zc( ) to avoid reflections at the sending end21. If Vsource = 1.0 at all frequencies from
dc to infinity, then its time domain transform vsource(t) would be a unit impulse (infinitely high spike which is infinitely
narrow with an area of 1.0), and the integral of vsource(t) would be a unit step. Setting Vsource = 1.0 in Eq. (4.122) shows
that A( ) transformed to the time domain must be the impulse which arrives at the other end k, if the source is a unit
impulse. This response to the unit impulse,

C
V ' KPXGTUG (QWTKGT VTCPUHQTO QH 6#
T>


will be attenuated (no longer infinitely high), and distorted (no longer infinitely narrow). Fig. 4.39 shows these
responses for a typical 500 kV line of 100 miles length. They were obtained

 1PGEQWNFCNUQEQPPGEVCOCVEJKPIKORGFCPEG<
THTQOPQFGMVQITQWPFVQCXQKFTGHNGEVKQPUCVVJG

E

TGEGKXKPIGPFCUYGNN+PVJCVECUGVJGNGHVJCPFUKFGQH'S
DGEQOGU8 TCVJGTVJCP8 0QVGVJCVVJG
M M

TCVKQG (ýUVCTVUHTQOCPFDGEQOGUNGUUVJCPCUVJGNKPGNGPIVJ
QTHTGSWGPE[KUKPETGCUGF6JKUKUKP


EQPVTCUVVQVJGQRGPEKTEWKVTGURQPUG8 8 EQUJ
(ýOQTGHCOKNKCTVQRQYGTGPIKPGGTUYJKEJKPETGCUGU
M O

YKVJNGPIVJQTHTGSWGPE[
(GTTCPVKTKUG


(a) zero sequence mode (b) positive sequence (c) positive sequence
mode with same mode with
scale as (a) expanded scale

Fig. 4.39 - Receiving end response vk(t) = a(t) for the network of Fig. 4.38 if vsource(t) = unit impulse [94]. Reprinted
by permission of J. Marti

from the inverse Fourier transformation of A( ) = exp(- ý) calculated by the LINE CONSTANTS supporting routine
at a sufficient number of points in the frequency domain. The amplitude of the propagation factors A( ) for the case
of Fig. 4.39 is shown in Fig. 4.40.
The unit impulse response of a lossless line would be a unit impulse at t = with an area of 1.0. In Bergeron’s
method, this implies picking up the history term vm/Z + imk at t - with a weight of 1.0. In the more general case here,
history terms must now be picked up at more than one point, and weighted with the "weighting function" a(t). For the
example of Fig. 4.39(a),

C\GTQUGSWGPEGOQFG
DRQUKVKXGUGSWGPEGOQFG

(KI2TQRCICVKQPHCEVQT#
THQTVJGNKPGQH(KI=?4GRTKPVGFD[
RGTOKUUKQPQH,/CTVK


history terms must be picked up starting at min = 0.6 ms back in time, to approx. max = 2.0 ms back in time. The value
min is the travel time of the fastest waves, while max is the travel time of the slowest waves. Each terms has its own
weight, with the highest weight of approx. 5400 around = 0.7 ms back in time. Mathematically, this weighting of
history at the other end of the line is done with the convolution integral

JOCZ
JKUVRTQRCICVKQP ' & KO&VQVCN
V&WC
WFW

mJOKP

which can either be evaluated point by point, or more efficiently with recursive convolution as discussed later. The
expression im-total in Eq. (4.124) is the sum of the line current i mk and of a current which would flow through the
characteristic impedance if the voltage vm were applied to it (expression Imk + Vm/Zc in the frequency domain).
With propagation of the conditions from m to k being taken care of through Eq. (4.124), the only unresolved
issue is the representation of the term Vk/Zc in Eq. (4.121b). For the same 500 kV line used in Fig. 4.39, the magnitude
and angle of the characteristic impedance Zc are shown in Fig. 4.41. If the shunt conductance per unit length G’ were
ignored, as is usually done, Zc would become infinite at = 0. This complicates the mathematics somewhat, and since
G’ is not completely zero anyhow, it was therefore decided to use a nonzero value, with a default option of 0.03 µs/km.
As originally suggested by E. Groschupf [96] and further developed by J. Marti [94], such a frequency-dependent
impedance can be approximated with a Foster-I R-C



network. Then the line seen from node k becomes a simple R-C network in parallel with a current source histpropagation
(Fig. 4.42(a)). One can then apply the trapezoidal rule of integration to the capacitances, or use any other method of
implicit integration. This transforms each R-C block into a current source in parallel with an equivalent resistance.
Summing these for all R-C blocks produces one voltage source in series with one equivalent resistance, or one current
source in parallel with one equivalent resistance (Fig. 4.42(b)). In the solution of the entire network with Eq. (1.8), the
frequency-dependent line is then simply represented again as a constant resistance Requiv to ground, in parallel with a
current source histRC + histpropagation, which has exactly the same form as the equivalent circuit for the lossless line.
To represent the line in the form of Fig. 4.42 in the EMTP, it is necessary to convert the line parameters into
a weighting function a(t) and into an R-C network which approximates the characteristic impedance. To do this, Zc and
are first calculated with the support routine LINE CONSTANTS, from dc to such a high frequency where both A( )
= exp(- ý) becomes negligibly small and Zc( ) becomes practically constant. J. Marti [94] has shown that it is best to
approximate A( ) and Zc( ) by rational functions directly in the frequency domain. The weighting function a(t) can
then be written down explicitly as a sum of exponentials, without any need for numerical inverse Fourier transformation.
Similarly, the rational function approximation of Zc( ) produces directly the values of R and C in the R-C network in
Fig. 4.42.



C YKVJ4%PGVYQTM
D YKVJGSWKXCNGPVTGUKUVCPEGCHVGT
CRRN[KPIKORNKEKVKPVGITCVKQP

(KI(TGSWGPE[FGRGPFGPVNKPGTGRTGUGPVCVKQPUGGPHTQONKPGGPFM

The rational function which approximates A( ) has the form

&UJOKP
U%\
U%\
U%\P
#CRRTQZ
U ' G M


U%R
U%R
U%RO

with s = j and n < m. The subscript "approx" indicates that Eq. (4.125) is strictly speaking only an approximation to
the given function A( ), even though the approximation is very good. The factor e-j min
is included to take care of the
fact that a(t) in Fig. 4.39 is zero up to t = ; this avoids fitting exponentials through the portion 0 # t #
min min where the
values are zero anyhow (remember that a time shift - in the time domain is a phase shift e-j in the frequency domain).
All poles pi and zeros zi in Eq. (4.125) are negative, real and simple (multiplicity one). With n < m, the rational
function part of Eq. (4.125) can be expanded into partial fractions,

U%\
U%\
U%\P M M MO
M ' % %


U%R
U%R
U%RO U%R U%R U%RO

The corresponding time-domain form of Eq. (4.15) then becomes

&R
V&JOKP &R
V&JOKP &R O
V&JOKP
CCRRTQZ
V ' MG % MG % MOG HQT V$JOKP

'  HQT VJOKP



This weighting function aapprox(t) is used to calculate the history term histpropagation of Eq. (4.124) in each time step.
Because of its form as a sum of exponentials, the integral can be found with recursive convolution much more efficiently


than with a point-by-point integration. If we look at the contribution of one exponential term kie-pi(t- min),

4 &RK
V & JOKP
UK
V ' K
V&WMK G FW

mJOKP

then si(t) can be directly obtained from the value si(t - t) known from the preceding time step, with only 3
multiplications and 3 additions,

UK
V ' E @ UK
V&)V % E @ K
V&JOKP % E @ K
V&JOKP&)V


as explained in Appendix V, with c1, c2, c3 being constants which depend on the particular type of interpolation used
for i.
The characteristic impedance Zc( ) is approximated by a rational function of the form [94]

U%\
U%\
U%\P
<E&CRRTQZ
U ' M


U%R
U%R
U%RP

with s = j . All poles and zeros are again real, negative and simple, but the number of poles is equal to the number of
zeros now. This can be expressed as

M M MP
<E&CRRTQZ
U ' M % % 

U%R U%R U%RP

which corresponds to the R-C network of Fig. 4.42, with

4 ' M 

MK 
4K '  %K '  K'P

RK MK

Rather than applying the trapezoidal rule to the capacitances in Fig. 4.42, J. Marti chose to use implicit integration with
Eq. (I.3) of Appendix I22, with linear interpolation on i. For each R-c block

XK FXK
K ' % %K
4K FV

which has the exact solution

& "K )V  V & "K

V&W
XK
V ' G @ XK
V&)V % G K
WFW

%K mV&)V

 6JKUOGVJQFKUKFGPVKECNVQVJGTGEWTUKXGEQPXQNWVKQPQH#RRGPFKZ8CRRNKGFVQ'S
9JGVJGT


TGEWTUKXGEQPXQNWVKQPKUDGVVGTVJCPVJGVTCRG\QKFCNTWNGKUUVKNNWPENGCT


with i = 1/(RiCi). By using linear interpolation on i, the solution takes the form of

XK
V ' 4GSWKX&K @ K
V % GK
V&)V


with ei(t - t) being known values of the preceding time step (formula omitted for simplicity), or after summing up over
all R-C blocks and R0,

X
V ' 4GSWKX @ K
V % G
V&)V
C

with

P P
4GSWKX ' 4 % j 4GSWKX&K CPF G ' j GK
D
K' K'

which can be rewritten as


K
V ' X
V % JKUV4%

4GSWKX

The equivalent resistance R equiv enters into matrix [G] of Eq. (1.8), whereas the sum of the history terms hist RC +
histpropagation enters into the right hand side.
The key to the success of this approach is the quality of the rational function approximations for A( ) and
Zc( ). J. Marti uses Bode’s procedure for approximating the magnitudes of the functions. Since the rational functions
have no zeros in the right-hand side of the complex plane, the corresponding phase functions are uniquely determined
from the magnitude functions (the rational functions are minimum phase-shift approximations in this case) [94]. To
illustrate Bode’s procedure, assume that the magnitude of the characteristic impedance in decibels is plotted as a function
of the logarithm of the frequency, as shown in Fig. 4.43 [94]. The basic principle is to approximate the given curve by
straight-line segments which are either horizontal or have a slope which is a multiple of 20 decibels/decade. The points
where the slopes change define the poles and zeros of the rational function. By taking the logarithm on both sides of
Eq. (4.130), and multiplying by 20 to follow the convention of working with decibels, we obtain

NQI*<E&CRRTQZ
U* ' NQIM % NQI*U%\*% NQI*U%\P*

& NQI*U%R*@@@& NQI*U%RP*



For s = j , each one of the terms in this expression has a straight-line asymptotic behavior with respect to . For
instance, 20 log *j + z1* becomes 20 log z1 for << z1 , which is constant, and 20 log for >> zi , which is a straight
line with a slope of 20 db/decade. The approximation to Eq. (4.137) is constructed step by step: Each time a zero corner
(at = zi) is added, the slope of the asymptotic curve is increased by 20 db, or decreased by 20 db each time a pole
corner (at = pi) is added. The straight-line segments in Fig. 4.43 are only asymptotic traces; the actual function
becomes a smooth curve without sharp corners. Since the entire curve is traced from dc to the


 Fig. 4.43 - Asymptotic approximation of the magnitude of Zc(ω) [94].
Reprinted by permission of J. Marti

highest frequency at which the approximated function becomes practically constant, the entire frequency range is
approximated quite closely, with the number of poles and zeros not determined a priori. J. Marti improves the accuracy
further by shifting the location of the poles and zeros about their first positions. Fig. 4.44 shows the magnitude and
phase errors of the approximation of A( ), and Fig. 4.45 shows the errors for the approximation of Zc( ) for the line
used in Fig. 4.39.
L. Marti has recently shown [95] that very good results can be obtained by using lower-order approximations
with typically 5 poles and zeros rather than the 15 poles and zeros used in Fig. 4.44 and 4.45. Furthermore, he shows
that positive and zero sequence parameters at power frequency (50 or 60 Hz) can be used to infer what the tower
geometry of the line was, and use this geometry in turn to generate frequency-dependent parameters. With this
approach, simple input data (60 Hz parameters) can be used to generate a frequency-dependent line model internally
which is fairly accurate.


(a) zero sequence mode (b) positive sequence mode
(15 zeros and 20 poles) (13 zeros and 17 poles)

Fig. 4.44 - Errors in approximation of A( ) for line of Fig. 4.39 [94]. Reprinted by permission of J.
Marti

For M-phase lines, any of the M modes can be specified as frequency-dependent, or with lumped resistances,
or as distortionless. Mixing is allowed. A word of caution is in order here, however: At the time of writing these notes,
the frequency-dependent line model works only reliably for balanced lines. For untransposed lines, approximate real
and constant transformation matrices must be used, as explained in Section 4.1.5.3, which seems to produce reasonably


(a) zero sequence mode (b) positive sequence mode
(15 zeros and poles) (16 zeros and poles)

Fig. 4.45 - Errors in approximation of Zc( ) for line for Fig. 4.39 [94]. Reprinted by permission of
J. Marti

accurate results for single-circuit lines, but not for double-circuit lines. Research by L. Marti into frequency-dependent
transformation matrices in connection with models for underground cables will hopefully improve this unsatisfactory
state of affairs.



 Fig. 4.46 - Comparison between voltages at phase b for [94]:
(a) Field test oscillograph
(b) BPA’s frequency-dependence simulation
(c) New model simulation
Reprinted by permission of J. Marti

Field test results for a single-line-to-ground fault from Bonneville Power Administration have been sued by
various authors to demonstrate the accuracy of frequency-dependent line models [84]. Fig. 4.46 compares the field test
results with simulation results from an older method which used two weighting functions a1 and a2 [84], and from the
newer method described here. The peak overvoltage in the field test was 1.60 p.u., compared with 1.77 p.u. in the older
method and 1.71 p.u. in the newer method. Constant 60 Hz parameters would have produced an answer of 2.11 p.u.


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TGVWTPQTUJGCVJYKVJGCTVJTGVWTPKPVJGCDUGPEGQHCTOQTVJTQWIJYJKEJVJGRJCUGUDGEQOGEQWRNGF6JGOCIPGVKE
HKGNFQWVUKFGVJGECDNGRTQFWEGFD[NQQRCPFKP(KIKUQDXKQWUN[\GTQDGECWUGVJGHKGNFETGCVGFD[+ KPVJG


EQTGKUGZCEVN[ECPEGNNGFD[VJG

(KI6JTGGUKPINGEQTGECDNGU

TGVWTPKPIEWTTGPV+ KPVJGUJGCVJGVE6JGHKTUVVYQGSWCVKQPUKP
CTGVJGTGHQTGUVKNNXCNKFYJGTGCUVJGVJKTF


GSWCVKQPPQYJCUEQWRNKPIVGTOUCOQPIVJGVJTGGRJCUGUCDEQT

< )C < )C       

<) 
C <)
C <)

C      

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< )D < )D    

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D <) 
D   

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< )E < )E 

U[OOGVTKE < )E < )E < )E

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YKVJ< < < DGKPIVJGOWVWCNKORGFCPEGUDGVYGGPVJGVJTGGQWVGTNQQRUQH(KI$[WUKPI'S

HQT
CD CE DE

VJGVTCPUHQTOCVKQPHTQONQQRVQRJCUG
EQTGUJGCVJCTOQTSWCPVKVKGUVJGOCVTKZKP'S
DGEQOGU


 =< )UGNH&C? =< )OWVWCNC&D? =< )OWVWCNC&E?

=< ) RJCUG? ' =< )UGNH&D? =< )OWVWCND&E?


U[OOGVTKE =< )UGNH&E?

6JGZUWDOCVTKEGU=< ?GVEQPVJGFKCIQPCNCTGKFGPVKECNVQVJGOCVTKZKP'S
CHQTGCEJECDNGD[KVUGNH
UGNHC

YJGTGCUVJGZQHHFKCIQPCNOCVTKEGUJCXGKFGPVKECNGNGOGPVUGI

< ) CD < ) CD < ) CD

=< )OWVWCNC&D? ' < ) CD < ) CD < ) CD


< ) CD < ) CD < ) CD

6JGQPN[GNGOGPVUPQV[GVFGHKPGFCTGVJGOWVWCNKORGFCPEGU< < < QHVJGQWVGTGCTVJTGVWTPNQQRUYJKEJ

CD CD DE

CTGFKUEWUUGFKPOQTGFGVCKNKP5GEVKQP+HQPGQHVJGECDNGUFQGUPQVJCXGCPCTOQTKVUUGNHUWDOCVTKZKU
QDXKQWUN[CZOCVTKZCPFKVUOWVWCNUWDOCVTKZKUCZOCVTKZ(QTECDNGUYKVJQWVUJGCVJCPFCTOQTVJG
UWDOCVTKEGUDGEQOGZCPFZTGURGEVKXGN[
6JGTGKUPQEQWRNKPICOQPIVJGVJTGGRJCUGUKPVJGUJWPVCFOKVVCPEGU6JGTGHQTGVJGUJWPVCFOKVVCPEG
OCVTKZHQTVJGVJTGGRJCUGU[UVGOKUUKORN[

=; ) C?  

=; ) RJCUG? '  =; ) D? 

  =; ) E?

YJGTG=; ?KUVJGZOCVTKZQH'S
HQTRJCUGCGVE
C

6JGUETGGPKPIGHHGEVQHVJGUJGCVJCPFCTOQTFGRGPFUXGT[OWEJQPVJGOGVJQFQHITQWPFKPI(QTGZCORNG
KHECDNGCKUQRGTCVGFCV#DGVYGGPEQTGCPFITQWPFYKVJUJGCVJCPFCTOQTWPITQWPFGFCPFQRGPEKTEWKVGFVJGP
VJGHWNN#YKNNHNQYKPVJGQWVGTNQQR
NQQREWTTGPVU+ + + KP(KI6JKUYKNNRTQFWEG
  

OCZKOWOKPFWEGFXQNVCIGUKPVJGEQPFWEVQTUQHCPGKIJDQTKPIECDNGD*QYOWEJPWKUCPEGVJKUKPFWEVKQPGHHGEV
ETGCVGUFGRGPFUCICKPQPVJGOGVJQFQHITQWPFKPIYKVJKPECDNGDKVUGNH+HECDNGDKUQRGTCVGFDGVYGGPEQTGCPF
ITQWPF
NQCFUEQPPGEVGFHTQOEQTGVQITQWPFCPFKHKVUUJGCVJCPFCTOQTCTGWPITQWPFGFCPFQRGPEKTEWKVGFVJGP
VJGKPFWEGFXQNVCIGYKNNFTKXGCEKTEWNCVKPIEWTTGPVVJTQWIJVJGEQTGITQWPFCPFNQCFKORGFCPEGU+HECDNGDKU
QRGTCVGFDGVYGGPEQTGCPFUJGCVJ
NQCFUEQPPGEVGFHTQOEQTGVQUJGCVJVJGPVJGTGYKNNDGPQEKTEWNCVKPIEWTTGPV
KPVJCVNQQRDGECWUGCEEQTFKPIVQ'S
VJGKPFWEGFXQNVCIGUCTGKFGPVKECNKPEQTGCPFUJGCVJ6JGTGYQWNF
DGCEKTEWNCVKPIEWTTGPVVJTQWIJVJGUJGCVJCPFCTOQTKPRCTCNNGNYKVJGCTVJTGVWTPKHVJGUJGCVJ
CPFCTOQTKU
ITQWPFGFCVDQVJGPFU
+HDQVJVJGUJGCVJCPFCTOQTKPVJGEWTTGPVECTT[KPIECDNGCCTGITQWPFGFCVDQVJGPFUVJGPVJGXQNVCIG
KPFWEGFKPVJGEQPFWEVQTUQHVJGPGKIJDQTKPIECDNGDYQWNFDGUOCNN(QTVJGRTCEVKECNGZCORNGQHCM8CE


UWDOCTKPGECDNGCV*\QHVJGEQTGEWTTGPVYQWNFTGVWTPVJTQWIJVJGUJGCVJVJTQWIJVJGCTOQTCPF
QPN[VJTQWIJVJGQWVGTOQUVNQQRYKVJITQWPFQTUGCYCVGTTGVWTP6JGKPFWEVKQPGHHGEVKPPGKIJDQTKPIECDNGU
YQWNFVJGPDGQPN[EQORCTGFVQVJGECUGYKVJWPITQWPFGFUJGCVJCPFCTOQT6JGCNIGDTCKEUWOKUNCTIGTVJCP
E E E
DGECWUGVJGTGCTGRJCUGUJKHVUCOQPIVJGVJTGGEWTTGPVU
+ G
UJGCVJ
L
+
CTOQT
G
L
+
GCTVJ
G
L


'CTVJ4GVWTP+ORGFCPEGU 

+P'S
VJGKORGFCPEGQHVJGNQQRHQTOGFD[VJGQWVGTOQUVVWDWNCTEQPFWEVQTCPFVJGGCTVJ
QTUGC
YCVGTCUTGVWTPRCVJKUPGGFGF6JKUUJCNNDGECNNGFVJGUGNHGCTVJTGVWTPKORGFCPEG(QTVJGOCVTKZQH'S

VJGOWVWCNGCTVJTGVWTPKORGFCPEG< DGVYGGPVJGNQQRHQTOGFD[VJGQWVGTOQUVVWDWNCTEQPFWEVQTCPFVJGGCTVJ
KM

TGVWTPRCVJQHECDNGKCPFVJGCPCNQIQWUNQQRQHECDNGMKUPGGFGFCUYGNN
6JGHQWTOCKPOGVJQFUQHKPUVCNNKPIECDNGUCTGCUHQNNQYU=?

C 6JGECDNGKUNCKFFKTGEVN[KPVJGUQKNKPCVTGPEJYJKEJKUHKNNGFYKVJCDCEMHKNNEQPUKUVKPIQHGKVJGTVJG
QTKIKPCNUQKNQTQHQVJGTOCVGTKCNYKVJNQYGTQTOQTGUVCDNGVJGTOCNTGUKUVKXKV[

D 6JGECDNGKUNCKFKPFWEVUQTVTQWIJUWUWCNN[QHGCTVJGPYCTGQTEQPETGVG

E 6JGECDNGKUFTCYPKPVQEKTEWNCTFWEVUQTRKRGUYJKEJCNNQYUCFFKVKQPCNECDNGUVQDGKPUVCNNGFYKVJQWV
GZECXCVKQP

F 6JGECDNGKUKPUVCNNGFKPCKTGIKPVWPPGNUDWKNVHQTQVJGTRWTRQUGU
+PECUGU
C
DCPF
EVJGECDNGKUENGCTN[DWTKGFWPFGTITQWPFCPFHQTOWNCUHQTDWTKGFEQPFWEVQTUOWUV
VJGTGHQTGDGWUGF+PECUG
CVJGTCFKWU4QHVJGQWVGTOQUVKPUWNCVKQPKUUKORN[VJGQWVUKFGTCFKWUQHVJGECDNG+P
ECUGU
DCPF
EKVUJQWNFDGVJGKPUKFGTCFKWUQHVJGFWEVKHVJGFWEVJCUCUKOKNCTTGUKUVKXKV[CUVJGUQKNQTVJGQWVUKFG
TCFKWUKHKVKUCXGT[DCFEQPFWEVQTQTRQUUKDN[UQOGCXGTCIGTCFKWUKHKVKUPGKVJGTCIQQFPQTCDCFEQPFWEVQT9JCV
VQFQKPECUG
FKUUQOGYJCVWPENGCT4GCUQPCDNGCPUYGTUOKIJVDGQDVCKPGFD[TGRTGUGPVKPIVJGVWPPGNYKVJCP
GSWKXCNGPVEKTEWNCTETQUUUGEVKQPQHTCFKWU4#PQVJGTCNVGTPCVKXGKUVQCUUWOGVJCVVJGVWPPGNHNQQTKUVJGUWTHCEGQH
VJGGCTVJCPFVJGPWUGVJGGCTVJTGVWTPKORGFCPEGHQTOWNCHQTQXGTJGCFEQPFWEVQTU6JKUYQWNFKIPQTGEWTTGPV
HNQYUKPVJGGCTVJCDQXGVJGVWPPGNHNQQT

$WTKGF%QPFWEVQTUKP5GOK+PHKPKVG'CTVJ
'ZCEVHQTOWNCUHQTVJGUGNHCPFOWVWCNGCTVJTGVWTPKORGFCPEGUQHDWTKGFEQPFWEVQTUYGTGHKTUVFGTKXGFD[
2CNNCE\GM=?+PVJGUGHQTOWNCUVJGGCTVJKUVTGCVGFCUUGOKKPHKPKVGGZVGPFKPIHTQOVJGUWTHCEGFQYPYCTFUCPF
UKFGYC[UVQKPHKPKV[+HVJGJQTK\QPVCNFKUVCPEGDGVYGGPECDNGKCPFECDNGMKUZCPFKHECDNGKCPFMCTGDWTKGFCV
FGRVJJCPF[TGURGEVKXGN[
(KIVJGPVJGOWVWCNGCTVJTGVWTPKORGFCPEGKU=?

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J%[ " % O 
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L"Z F" >
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&%Z
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OTGEKRTQECNQHFGRVJQHRGPGVTCVKQPHQTGCTVJHTQO'S
G
"KPVGITCVKQPEQPUVCPV

(KI)GQOGVTKEEQPHKIWTCVKQPQHVYQ
ECDNGU

6JGUGNHGCTVJTGVWTPKORGFCPEGKUQDVCKPGFHTQO'S
D[EJQQUKPIVJGZ[EQQTFKPCVGQPVJGUWTHCEGQHVJG
QWVGTOQUVKPUWNCVKQPGIZ4CPF[*

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UCOGCU'S
YKVJ[JZ4
GCTVJ


YKVJ4QWVUKFGTCFKWUQHQWVGTOQUVKPUWNCVKQP6JGRGTOGCDKNKV[zQHGCTVJCPFCKTCTGCUUWOGFVQDGKFGPVKECNKP
VJGUGGSWCVKQPU(WTVJGTOQTGVJG[CTGYTKVVGPKPCUNKIJVN[FKHHGTGPVHQTOVJCPKP2QNNCE\GM UQTKIKPCNRCRGTDWV
VJG[CTGKPHCEVKFGPVKECN
9JKNGVJG- VGTOUKP'S
CTGGCU[VQGXCNWCVGVJGKPVGITCNVGTOUKPDQVJ
CPF
ECPPQV


DGECNEWNCVGFVJCVGCUKN[9GFGRQJN=?IKXGUCPKPHKPKVGUGTKGUYJKEJJCUDGGPEQORCTGFD[5TKXCNNKRWTCPCPFCP
=?YKVJCFKTGEVPWOGTKECNKPVGITCVKQPOGVJQFDCUGFQP4QODGTIGZVTCRQNCVKQP$QVJTGUWNVUCITGGFVQYKVJKP
5KPEGVJGHWPEVKQPWPFGTVJGKPVGITCNKUJKIJN[QUEKNNCVQT[FKTGEVPWOGTKECNKPVGITCVKQPKUPQVGCU[CPFVJG
UGTKGUGZRCPUKQPKUVJGTGHQTGVJGRTGHGTTGFCRRTQCEJ
6JGUWRRQTVTQWVKPG%#$.'%1056#065FQGUPQVWUGVJGGZCEV2QNNCE\GMHQTOWNC#OGVCPKTGEQIPK\GF
VJCV VJG KPVGITCN VGTOU KP 'S
 CPF
 DGEQOG KFGPVKECN YKVJ %CTUQP U GCTVJ TGVWTP KORGFCPEG KH VJG
PWOGTCVQTGZR]
J [%" O _KUTGRNCEGFD[GZR]
J [*"*_#EEGRVKPIVJKUCRRTQZKOCVKQPYJKEJKUXCNKF
 

HQT*"* *O*JGECPVJGPWUG%CTUQP UKPHKPKVGUGTKGUQTCU[ORVQVKEGZRCPUKQPFKUEWUUGFKP5GEVKQP(KI


CPFUJQYVJGGTTQTUKP#OGVCPK UTGUWNVUHTQOUWRRQTVTQWVKPG%#$.'%1056#065CUYGNNCUVJGGTTQTU
QH9GFGRQJN UCRRTQZKOCVGHQTOWNCU=?HQTUGNHKORGFCPEG

DO  (O4 
< ) GCTVJ ' 6& NP %  & OJ>

B  

CPFHQTOWVWCNKORGFCPEG

DO  (OF 
< ) OWVWCN ' 6& NP %  & Oý >

B  

YKVJ ('WNGT UEQPUVCPVCPF

ýUWOQHVJGFGRVJUQHDWTKCNQHVJGVYQEQPFWEVQTU
9GFGRQJN UCRRTQZKOCVKQPUCTGCOC\KPIN[CEEWTCVGWRVQM*\
GTTQTCPFVJGPDGEQOGNGUU
CEEWTCVG CU VJG
HTGSWGPE[
KPETGCUGU

GTTQT CV  O*\
YJGTG VJG
EQPFKVKQP *O4*
QT*OF*
  KU PQ
NQPIGTHWNHKNNGF

(KI4GNCVKXGGTTQTUKPUGNHGCTVJTGVWTPKORGFCPEGHQTOWNCUHQT
DWTKGFEQPFWEVQTU
4OODSO=?4GRTKPVGFD[
RGTOKUUKQPQH05TKXCNNKRWTCPCPFCP


 (KI4GNCVKXGGTTQTKPOWVWCNGCTVJTGVWTPKORGFCPEGHQTOWNCUHQT
DWTKGFEQPFWEVQTU
FOJO[O=?
4GRTKPVGFD[RGTOKUUKQPQH05TKXCNNKRWTCPCPFCP

5GON[GPJCUTGEGPVN[FGXGNQRGFCXGT[UKORNGHQTOWNCDCUGFQPEQORNGZFGRVJ
18'4.+0'RO
=?CPCNQIQWUVQ'S
HQTVJGECUGQHQXGTJGCFNKPGU(QTVJGUGNHGCTVJTGVWTPKORGFCPEGVJGHQTOWNCKU

LTz 
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4 % 

B O4

YJKNGCUKOKNCTHQTOWNCHQTVJGOWVWCNKORGFCPEGJCUPQV[GVDGGPHQWPF6JGGTTQTQH'S
KURNQVVGFKP(KI
%QPUKFGTKPIVJGGZVTGOGUKORNKEKV[QHVJKUHQTOWNCCUEQORCTGFVQ2QNNCE\GM UHQTOWNCKVKUCOC\KPIVQUGG
JQYTGCUQPCDNGVJGTGUWNVUHTQOVJKUCRRTQZKOCVGHQTOWNCCTG

$WTKGF%QPFWEVQTUKP+PHKPKVG'CTVJ
+PUQOGECUGUKVOC[DGTGCUQPCDNGVQCUUWOGVJCVVJGGCTVJKUKPHKPKVGKPCNNFKTGEVKQPUCTQWPFVJGECDNG
6JKUCUUWORVKQPECPDGOCFGYJGPVJGFGRVJQHRGPGVTCVKQPKPVJGGCTVJ


  DGCTVJ
SO
FGCTVJ ' ' 
O

*O* H
*\

DGEQOGUOWEJUOCNNGTVJCPVJGFGRVJQHVJGDWTKCN(QTUWDOCTKPGECDNGUYJGTGDKUV[RKECNN[SOVJKUKU
RTQDCDN[OQTGQTNGUUVTWGQXGTVJGGPVKTGHTGSWGPE[TCPIGQHKPVGTGUVYJGTGCUHQTWPFGTITQWPFECDNGUKVYQWNFQPN[
DGVTWGCDQXGCHGY/*\QTUQ$KCPEJKCPF.WQPK=?JCXGWUGFVJKUKPHKPKVGGCTVJCUUWORVKQPVQHKPFVJGUGC
TGVWTPKORGFCPEGQHUWDOCTKPGECDNGU
6JGUGNHGCTVJTGVWTPKORGFCPEGHQTKPHKPKVGGCTVJKUGCUKN[QDVCKPGFHTQOVJGVWDWNCTEQPFWEVQTHQTOWNC

CD[NGVVKPIVJGQWVUKFGTCFKWUTIQVQKPHKPKV[6JGPYKVJS4

DO -
OT
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B4 -
O4

6JGOWVWCNGCTVJTGVWTPKORGFCPEGYCUFGTKXGFKP=?CU

D -
OF
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B4K 4M -
O4K -
O4M

1XGTJGCF%QPFWEVQTU
+HVJGECDNGKUKPUVCNNGFKPCKTQTNCKFQPVJGUWTHCEGQHVJGITQWPFVJGPVJGGCTVJTGVWTPKORGFCPEGUCTGVJG
UCOGCUVJQUGFKUEWUUGFHQTQXGTJGCFNKPGUKP5GEVKQP6JGUWRRQTVTQWVKPG%#$.'%1056#065WUGU%CTUQP U
HQTOWNCKPVJCVECUG(QTCECDNGNCKFQPVJGUWTHCEGQHVJGITQWPFVJGJGKIJVKUGSWCNVQ4#OGVCPKJCUVTKGFC
URGEKCN HQTOWNCQH5WPFGHQTEQPFWEVQTUQPVJGUWTHCEGQHVJGITQWPFDWVVJGCPUYGTUYGTGHQWPFVQDGXGT[
QUEKNNCVQT[CTQWPFVJGUGGOKPIN[EQTTGEVCPUYGT5WPFG UHQTOWNCYCUVJGTGHQTGPQVKORNGOGPVGF

/WVWCN+ORGFCPEG$GVYGGP1XGTJGCF%QPFWEVQTCPF$WTKGF%QPFWEVQT
6JGTGKUKPFWEVKXGEQWRNKPIDGVYGGPVJGNQQRQHCPQXGTJGCFEQPFWEVQTYKVJGCTVJTGVWTPCPFVJGNQQRQH
CDWTKGFEQPFWEVQTYKVJGCTVJTGVWTP6JGOWVWCNKORGFCPEGDGVYGGPVJGUGVYQNQQRUKUPGGFGFHQTGZCORNGHQT
UVWF[KPIVJGEQWRNKPIGHHGEVUKPRKRGNKPGUHTQOQXGTJGCFNKPGUCUFKUEWUUGFKP5GEVKQP6JKUECUGYCUVTGCVGF
D[2QNNCE\GMCUYGNNYKVJ

4 GZR6 & J *"* & [ "%O  >

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L"Z F"

m&4
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#UKPVJGECUGQHDWTKGFEQPFWEVQTU#OGVCPKWUGUCPCRRTQZKOCVKQPHQTVJKUKPVGITCND[TGRNCEKPI[%" O YKVJ
 

[*"*9KVJVJKUCRRTQZKOCVKQPVJGHQTOWNCDGEQOGUKFGPVKECNYKVJ%CTUQP UGSWCVKQPUYKVJVJGJGKIJVQHVJGDWTKGF
EQPFWEVQTJCXKPICPGICVKXGXCNWG+PEQPPGEVKQPYKVJCRKRGNKPGUVWF[=?KVYCUXGTKHKGFVJCV%CTUQP UHQTOWNC
CPF2QNNCE\GM UHQTOWNCIKXGKFGPVKECNTGUWNVUCV*\#VJKIJGTHTGSWGPEKGUVJGFKHHGTGPEGUYQWNFRTQDCDN[DG
UKOKNCTVQVJQUGUJQYPKP(KI


 2KRG6[RG%CDNG
%QORCTGFVQVJGIGQOGVT[QHVJGUKPINGEQTGECDNGQH(KIVJGIGQOGVT[QHVJGRKRGV[RGECDNGQH(KI
KUOQTGEQORNKECVGF+VKUVJGTGHQTGOQTGEQORNKECVGFVQQDVCKPVJGKORGFCPEGUQHCRKRGV[RGECDNGOCKPN[HQT
VYQTGCUQPU

C 6JGUKPINGEQTGECDNGUKPUKFGVJGRKRGCTGPQVEQPEGPVTKEYKVJTGURGEVVQVJGRKRG

D 6JGUVGGNRKRGKUOCIPGVKECPFUWDLGEVVQEWTTGPVFGRGPFGPVUCVWTCVKQPGHHGEVU
6JGCPCN[UKUKUUQOGYJCVUKORNKHKGFD[VJGHCEVVJCVVJGFGRVJQHRGPGVTCVKQPKPVQVJGRKRGKUNGUUVJCPVJG
RKRGVJKEMPGUUCVRQYGTHTGSWGPE[CPFCDQXG#V*\KVKUOOHTQO'S
YKVJV[RKECNXCNWGUQHD
  SOCPFz YJGTGCUCV[RKECNRKRGVJKEMPGUUHQTCM8ECDNGKUOO(QTVTCPUKGPVUVWFKGU

T

YKVJHTGSWGPEKGUCDQXGRQYGTHTGSWGPE[VJGRKRGVJKEMPGUUECPVJGTGHQTGDGCUUWOGFVQDGKPHKPKVGQTGSWKXCNGPVN[
VJGGCTVJTGVWTPECPDGKIPQTGF6CDNGUJQYUVJGEWTTGPVTGVWTPKPIKPVJGGCTVJHQTCUKPINGRJCUGVQITQWPF

6CDNG'CTVJTGVWTPEWTTGPVKPCM8RKRGV[RGECDNGHQTUKPINGRJCUGHCWNV
z 
T

H EWTTGPVKPGCTVJ

*\
RGTEGPVQHEQTGEWTTGPV

 

 
 
 

HCWNVKPCM8RKRGV[RGECDNGYKVJVJGRKRGDGKPIKPEQPVCEVYKVJVJGGCTVJ6QCTTKXGCVVJGUGXCNWGUKVYCU
CUUWOGFVJCVVJGEQTGQHVJGHCWNVGFRJCUGYCUKPVJGEGPVGTQHVJGRKRGCPFVJCVVJGVYQWPHCWNVGFRJCUGUECPDG
KIPQTGF9KVJVJGUGCUUWORVKQPUVJGKORGFCPEGHQTOWNCUQH5GEVKQPECPDGWUGF+HVJGVYQWPHCWNVGFRJCUGU
YGTGKPENWFGFVJGGCTVJTGVWTPEWTTGPVYQWNFRTQDCDN[DGGXGPNGUUDGECWUGUQOGEWTTGPVYQWNFTGVWTPVJTQWIJVJG
UJKGNFVCRGUCPFUMKFYKTGUQHVJGWPHCWNVGFRJCUGU6JGTGNCVKXGRGTOGCDKNKV[z KPHNWGPEGUVJGXCNWGUQH6CDNG
T

YKVJz QHVJGEWTTGPVYQWNFTGVWTPVJTQWIJVJGGCTVJCV*\QTYKVJz 

T T

+PHKPKVG2KRG6JKEMPGUU
0Q'CTVJ4GVWTP
+HVJGFGRVJQHRGPGVTCVKQPKUNGUUVJCPVJGRKRGVJKEMPGUUVJGPPQXQNVCIGYKNNDGKPFWEGFQPVJGQWVUKFGQH
VJGRKRG
< HTQO'S
ECPFEQPUGSWGPVN[VJGNQQREWTTGPVRKRGGCTVJTGVWTPYKNNDGRTCEVKECNN[
RKRGOWVWCN

\GTQ+PVJCVECUGVJGRKRGKUVJGQPN[TGVWTPRCVJ6JGEQPHKIWTCVKQPKUVJGPGUUGPVKCNN[VJGUCOGCUVJCVQHVJTGG
UKPINGEQTGECDNGUKP(KIGZEGRVVJCVVJGRKRGTGRNCEGUVJGGCTVJCUVJGTGVWTPRCVJ
+HYGCUUWOGVJCVGCEJRJCUGEQPUKUVUQHVJTGGEQPFWEVQTU
GIEQTGUJKGNFVCRGUTGRTGUGPVGFCUUJGCVJ
UMKFYKTGUTGRTGUGPVGFCUCTOQTVJGPVJGNQQRKORGFCPEGOCVTKZKUVJGUCOGCUKP'S
%QWRNKPIYKNNQPN[
GZKUVCOQPIVJGVJTGGQWVGTOQUVNQQRUQHGCEJCTOQT
UMKFYKTGUYKVJTGVWTPVJTQWIJVJGRKRG9JCVKUPGGFGFVJGP


KUCHQTOWNCHQTVJGUGNHKORGFCPEGU< < < QHVJGNQQRUHQTOGFD[GCEJCTOQT
UMKFYKTGUCPFVJGRKRG
C D E

CPFCHQTOWNCHQTVJGOWVWCNKORGFCPEGU< < < DGVYGGPVYQUWEJNQQRU

CD DE EC

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as in Eq. (5.18), 0
with elements defined 0
in Section 5.4.1 -Z’m
0
[Z’loop] = 0 (5.38a)
-Z’m
0
0
-Z’m
0 0 -Z’m 0 0 -Z’m 0 0 -Z’m Z’s

with
Z’m = Z’pipe-mutual from Eq. (5.7c), (5.38b)
Z’s = Z’pipe-out + Z’insulation + Z’earth. (5.38c)
The first two terms in Eq. (5.38c) are found from Eq. (5.7b) and (5.6) (Z’insulation = 0 if pipe in contact with earth), and
Z’earth is the earth-return impedance discussed in Section 5.3. Transforming Eq. (5.38a) to phase quantities produces

same matrix as 0 Z’ Z’ ....Z’ Z’e

for infinite 0 Z’ Z’ ....Z’ Z’e
[Z’phase] = pipe thickness . .............. . (5.39a)
. .............. .
Z’ Z’ ....Z’ Z’e
0 0 ... 0 Z’e Z’e ...Z’e Z’s

with Zs’ from Eq. (5.38c)

Ze’ = Zs’ - Zm’ (5.39b)
Z’ = Zs’ - 2Zm’
The last row and column in Eq. (5.39a) represent the pipe quantities, while the first 9 rows and columns refer to core,
sheath (shield tapes), armor (skid wires) of phases a, b, and c.
If the pipe is in contact with the earth, then the shunt admittance matrix is the same as in Section 5.4.1. If it
is insulated, then the potential coefficient matrix of Eq. (5.34) must be expanded with one extra row and column for the
pipe, and the same element


  T
2) ' NP RKRG&KPUWNCVKQP

BggT TRKRG&QWVUKFG

must be added to this expanded matrix,

same as in 0 P’ P’ ....P’
Eq. (5.34) 0 P’ P’ ....P’
[P’phase] = . + .............. (5.41)
. P’ P’ ....P’
0 0 ... 0

The admittance matrix is then again found by inversion with Eq. (5.37).

5.5 Building of Conductors and Elimination of Grounded Conductors

Conductors are sometimes connected together ("bundled"). For example, the concentric neutral conductors
in the cable of Fig. 5.2 are in contact with each other, and therefore electrically connected. In a pipe-type cable, the
shield tapes and skid wires are in contact with the pipe. In a submarine cable, the sheath is often bonded to the armor
at certain intervals, to avoid voltage differences between the sheath and armor.
In such cases, the connected conductors 1,...m can be replaced by (or bundled into) one equivalent conductor,
by introducing the bundling conditions
I1 + I2 +...Im = Iequiv; V1 = V2 = ... Vm = Vequiv (5.42)
into the equations for the series impedance and shunt admittance matrices. The bundling procedure for reducing the
equations from m individual to one equivalent conductor is the same as Method 1 of Section 4.1.2.2 for overhead lines,
and is therefore not explained again. It is exact if the conductors are continuously connected with zero connection
resistance (as the neutral conductors in Fig. 5.2), and accurate enough if the connections are made at discrete points with
negligible resistance (as in bonding of the sheath to the armor), as long as the distance between the connection points
is short compared to the wavelength of the highest frequency in the transient simulation.
As in the case of overhead lines with ground wires, some conductors in a cable may be grounded. For example,
the steel pipe of a pipe-type cable can usually be assumed grounded, because its asphalt mastic coating is not an electric
insulation. Also, neutral conductors may be connected to ground at certain intervals, or at both ends. If a conductor
i is grounded, then the condition is simply
Vi = 0 (5.43)
and conductor i can then be eliminated from the system of equations in the same way as described in Section 4.1.2.1.
Again, the elimination is only exact if the conductor is grounded continuously with zero grounding resistance, and
accurate enough if the distance between discrete grounding points is short compared to the wavelength of the highest
frequency.
An example of bundled as well as grounded conductors would be a single-core submarine cable which has its
sheath bonded to the armor. Since the asphalt coating of the armor is not an electric insulation, the armor is in effect


in contact with the sea water, and both sheath and armor are therefore grounded conductors. By eliminating both of
them, the submarine cable can be represented by single-phase equations for the core conductor, with the current return
combined in sea water, armor and sheath. For an overhead line, the equivalent situation would be a single-phase line
with two ground wires.
The case of segmented ground wires in overhead lines discussed in Section 4.1.2.5(b) can exist in cables as
well. For example, if the sheath is grounded at one end, but open and ungrounded at the other end, then the sheath could
be eliminated in the same way as segmented ground wires, provided the cable length is short compared to the wavelength
of the highest frequency. The support routine CABLE CONSTANTS does not have an option for such eliminations.
The user must represent the sheath as an explicit conductor, instead, with one end connected to ground. This offers the
advantage that the induced voltage at the other end can automatically be obtained, if so desired.

5.6 Buried Pipelines

Pipelines buried close to power lines can be subjected to hazardous induction effects, especially during single-
line-to-ground faults. To study these effects, one can include the pipeline as an additional conductor into the
transmission line representation (Fig. 5.14(a)). For steady-state analysis, one can also use the single-phase
representation of Fig. 5.14(b), with an impressed voltage

steady-state analysis, one can also use the single-phase representation of Fig. 5.14(b), with an impressed voltage

CRQN[RJCUGTGRTGUGPVCVKQP
DUKPINGRJCUGTGRTGUGPVCVKQP

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EQPFWEVQTURRKRGNKPG

F8KPFWEGF
& ' < ) RC +C % < ) RD +D % < ) RE +E % < ) RI +I

FZ

There is no capacitive coupling between the power line and the pipeline if it is buried in the ground.
As explained later, nominal -circuits can only be used for very short lengths of pipeline (typically # 0.3 km
at 60 Hz). The single-phase representation is therefore preferable for steady-state analysis, because the distributed
parameters of Fig. 5.14(b) are more easily converted into an exact equivalent -circuit than the polyphase parameters
of Fig. 5.14(a). This results in the active equivalent -circuit of Fig. 5.15, with Yseries and Yshunt being the usual


parameters obtained from Eq. (1.14), while Iinduced is an active current [158],

& F8KPFWEGFFZ
+KPFWEGF '

< ) RR

(KI#EVKXGGSWKXCNGPVBEKTEWKV

The correctness of the active -circuit can easily be shown. Starting from the differential equations

F8
& ' < ) RR % < ) RR +KPFWEGF
FZ

F+
& ' ; ) RR 8
FZ

the introduction of a modified current

Imodified = I + Iinduced
transforms the differential equations into the normal form of the line equations, with the assumption that Iinduced does not
change along the line (dImodified/dx = dI/dx),

F8
& ' < ) RR +OQFKHKGF
FZ
F+
& OQFKHKGF ' ; ) RR 8
FZ

The solution for a line between nodes k and m is given in Eq. (1.13), except that the current is now Imodified, or rewritten,

+MO % +KPFWEGF ;UGTKGU %

;UJWPV & ;UGTKGU 8M
'
+OM & +KPFWEGF & ;UGTKGU ;UGTKGU %
;UJWPV 8O

This is exactly the same equations which comes out of the equivalent circuit of Fig. 5.15.


 With this single-phase approach, the currents in the power line are assumed to be known, e.g., from the usual
type of short-circuit study. It is also assumed that they are constant over the length of the exposure to the pipeline, and
that the pipeline runs parallel to the power line (mutual impedances constant). If either assumption is not true, then the
power line-pipeline system must be split up into shorter sections as is customarily done in interference studies. The
effect of the pipe on the power line zero sequence impedance is usually ignored, but could be taken into account.
In both representations of Fig. 5.14, the mutual impedances between the pipe and the overhead conductors, as
well as the self impedance of the pipe with earth return, are needed. The mutual impedances are obtained with the
formulas discussed in Section 5.3.4. At 60 Hz, Carson’s formula will give practically identical results as the more
complicated formula of Pollaczek.
The self impedance Z’pp of the pipeline consists of the same three terms shown for the armor in Eq. (5.4). The
first two terms are calculated with Eq. (5.7b) and (5.6), while R’earth is found from the equations discussed in Section
5.3.
For the shunt admittance Y’pp = G’ + j C’, the capacitive part is calculated in the usual way with Eq. (5.13).
In contrast to the underground cable, the shunt conductance G’ of the pipeline can no longer be ignored. The insulation
around pipelines is electrically poor, either originally or because of puncturing during the laying operation. The loss
angle in Eq. (5.14) is so large on pipelines insulated with glass-fiber/bitumen that G’ becomes much larger than C’
at power frequency, and if one part of the shunt admittance is ignored it should be C’ rather than G’. On PVC-insulated
pipelines, G’ may still be smaller than C’, though.
If the shunt resistance of the insulation is relatively small, then the grounding resistance of the pipe should be
connected in series with it2 [170], or


)) '

4) KPUWNCVKQP % 4 ) ITQWPFKPI

where R’insulation = resistance of pipe insulation,

R’grounding = grounding resistance.
A useful formula for the grounding resistance is [170]

ý 
ý

J% %
DGCTVJ ý  
4 ) ITQWPFKPI ' NP % NP

B &
ý 
ý

J %
&
 

with earth = earth resistivity (e.g., in m),

h = depth of burial of pipe
ý = length of pipe

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8#PCNVGTPCVKXGYQWNFDGVQWUGC
HKPKVGUJWPVCFOKVVCPEG; 4 CUTGEGPVN[UWIIGUVGF=?
ITQWPFKPI


 D = outside diameter of pipe.
Grounding grids must generally be analyzed as three-dimensional problems, even if they consist of only one
pipe. The grounding resistance from Eq. (5.47) is therefore no longer an evenly distributed parameter, but depends on
the length. Fortunately, the dependence of G’ on length is very small for typical values of G’insulation [158]. In the region
of measured values for G’ between 0.1 S/km for newly-layed pipelines and 0.3 S/km for older pipelines with glass
fiber/bitumen insulation [170], the dependence of G’ on length is practically negligible, as shown in Fig. 5.16. Treating
G’ as an evenly distributed parameter is therefore a reasonable approximation.

(KI5JWPVEQPFWEVCPEGQHDWTKGFRKRG

Because of G’ >> C’, the wavelength of buried pipelines is significantly shorter than that of underground
cables, as shown in Table 5.3 [170]. Therefore, a nominal -circuit of a circuit which includes a buried pipeline should
not be longer than approximately 0.8 km for

Table 5.3 - Wavelength of pipeline at 50 Hz [170]

G’ (S/km) wavelength (km)

0.1 41.3
1.0 13.1
10.0 4.13


steady-state analysis, or approximately 0.08 km for switching surge studies [158].
Fig. 5.17 shows a comparison between measured and calculated voltages and currents in a pipeline, induced
by currents in a neighboring power line, with the pipeline representation as discussed here [158].

(KI+PFWEGFXQNVCIGUCPFEWTTGPVUKPCDWTKGFRKRGNKPG

5.7 Partial Conductor and Finite Element Methods

The support routine CABLE CONSTANTS uses analytical formulas which are essentially only applicable to
configurations with axial symmetry. The formulas for the nonconcentric configuration in pipe-type cables (Section 5.5)
are only approximate, and the authors of these formulas themselves suggest improvements along the lines discussed
here.
To find the impedances and capacitances for conductor systems with arbitrary shapes (e.g., for the cable of Fig.
5.1), numerical methods can be used in place of analytical formulas, which are either based on subdivisions into partial
conductors or on finite element methods. There is no support routine yet in the EMTP which uses these numerical
methods. The principle of these methods is therefore only outlined very briefly.


5.7.1 Subdivision into Partial Conductors
With this method, each conductor is subdivided into small "partial" conductors ("subconductors" in [162],
"segments" in [164]), as shown in Fig. 5.18. Various shapes can be used for the partial conductors, with rectangles
being the preferred shape for strip lines in

(KI5WDFKXKUKQPQHVJGOCKPEQPFWEVQTUKPVQRCTVKCN
EQPFWEVQTU

integrated circuits (Fig. 5.19).

(KI5WDFKXKUKQPQHUVTKRNKPGUKPVQRCTVKCNEQPFWEVQTU
QHTGEVCPIWNCTUJCRG=?%QR[TKIJVD[+PVGTPCVKQPCN
$WUKPGUU/CEJKPGU%QTRQTCVKQPTGRTKPVGFD[RGTOKUUKQP

In deriving the equations for the system of partial conductors, uniform current density is assumed within each
partial conductor. Then the voltage drops along a system of n partial conductors at one frequency are described by the
phasor equations

F8FZ 4 +
. . @ @ .P
F8FZ 4 +
. . @ @ .P
& @ ' @ % LT @

@ @ @ @ @
@ @ @
.P .P @ @ .PP
F8PFZ 4P +P

The diagonal resistance matrix contains the dc resistances, and the full inductance matrix contains the self and mutual
inductances of the partial conductors. The formulas for the matrix elements depend on the shape of the partial
conductor, but they are well known.
To obtain the frequency-dependent impedance of a cable system, the matrices [R] and [L] are first computed.
At each frequency, the complex matrix [Z] = [R] + j [L] is formed, and reduced to the number of actual conductors with
Bundling Method 1 of Section 5.5. For example, if partial conductors 1,...50 belong to the core conductor, and partial


conductors 51,...120 to the sheath, then this bundling procedure will reduce the 120 x 120-matrix to a 2 x 2-matrix,
which produces the frequency-dependent impedances

<EE
T <EU
T

<EU
T <UU
T

This numerical method works well as long as the conductors are subdivided into sufficiently small partial
conductors. The size of these partial conductors must be of the same order of magnitude as the depth of penetration.

5.7.2 Finite Element Methods

Finite element methods are more powerful than partial conductor methods in one sense, inasmuch as it is not
necessary to assume uniform current density within each element. However, it is very difficult to handle open-boundary
conditions with finite element methods, that is configurations where the magnetic field diminishes gradually as one
moves away from the conductors, with no clearly defined boundary of known magnetic vector potential reasonably close
to the conductors. In situations where a boundary is clearly defined, e.g., in pipe-type cables at high frequency where
the depth of penetration becomes much less than the wall thickness, finite element methods can be quite useful.
With finite element methods, the region inside and outside of the conductors is subdivided into small elements,
usually of triangular shape. Fig. 5.20(a) shows the example of a stranded conductor inside a pipe of radius Rb as the
return path (clearly defined boundary with zero magnetic field A = 0 outside the pipe and zero derivative along the two
edges of the "wedge"). Because of axial symmetry, it is sufficient to analyze the "wedge" shown in Fig. 5.20(a). This
wedge region is then subdivided into triangular elements as shown in Fig. 5.20(b), with longer triangles as one moves
away from the conductor.
The magnetic vector potential A is assumed to vary linearly along the edges and inside of each triangle,
A = ax + by + c, (5.49)
when a first-order method is used (higher-order methods exist as well). The unknowns are essentially the values of A
in the node points. If they were shown in the z-direction of a three-dimensional picture, then the triangles would appear
in a shape similar to a geodesic dome, with the roof height being the value of A. The equations for finding A are linear
algebraic



C5VTCPFGFEQPFWEVQTKPUKFGRKRGQHTCFKWU4 D

D5WDFKXKUKQPQHTGIKQPKPVQVTKCPIWNCTGNGOGPVU

Fig. 5.20 - Analysis of stranded conductor with finite element method [171]. Reprinted by permission of Yin Yanan

equations with a sparse matrix, but the number of node points or the number of equations is usually quite high (146
equations for the example of Fig. 5.20). Once the magnetic vector potential is known in the entire region, the
impedances can be derived from it.
For readers interested in finite element methods for cable impedance calculations, the papers by Konrad, Weiss
and Csendes [165, 166, 167] are a good introduction.

5.8 Modal Parameters

Once the series impedance and shunt admittance matrices per unit length [Z’phase], [Y’phase] are known, the
derivation of modal parameters is exactly the same as described in Section 4.1.5 for overhead lines. They could be used,
for example, to develop exact equivalent -circuits for steady-state solutions as explained in Section 4.2.1.3.


 For transient simulations, it is more difficult to use modal parameters, as compared to overhead lines, because
the transformation matrix [Ti] can no longer be assumed to be constant as for a single-circuit overhead line. Fig. 5.21
shows the variation of the elements in the third column of [Ti] for a typical three-phase arrangement of 230 kV single-
core cables with core conductor and sheath in each [155]. Especially around the power frequency of 50 or 60 Hz, the
variations are quite pronounced.

(KI/CIPKVWFGQHVJGGNGOGPVUQHEQNWOPQH=6 ? K

Above a few kHz, the loop between core conductor and sheath becomes decoupled from the outer loop between sheath
and earth return, because the depth of penetration on the inside of the sheath for loop 1 becomes much smaller than the
sheath thickness. In that case, Ztube-mutual ~ 0. This makes the transformation matrix constant above a few kHz, as evident
from Fig. 5.21. For a single-phase single-core cable with sheath and armor, the three modes are identical with the 3
loops described in Eq. (5.1) at high frequency where Z’12 ~ 0 and Z’23 ~ 0. The transformation matrix between loop and
phase quantities of Eq. (5.9),

     
=6 ?&
K '    CPF =6K? ' &   

    & 

5.9 Cable Models in the EMTP

Co-author: L. Marti

As of now (Summer 1986), there are no specific cable models in the BPA EMTP. The only way to simulate
cables is to fit cable data into the models available for overhead lines. It has long been recognized, of course, that this
is only possible in a limited number of cases. A method specifically developed for cables, as discussed in Section
5.9.2.3, will hopefully be implemented in late 1986 or early 1987. It has already been tested extensively in the UBC


EMTP.

5.9.1 Ac Steady-State Solutions

In principle, there is no difficulty in representing cables as nominal or equivalent -circuits in the same way
as overhead lines (Section 4.2.1). If nominal -circuits are used, it should be realized that the wavelength of
underground cables is shorter than on overhead lines. If a nominal -circuit should not be longer than 100 km at 60 Hz
for overhead lines, the limit is more typically 30 km for underground cables. If a pipeline is modelled, the limit can be
as low as 1 km, as discussed in Section 5.6.
Underground cables are often very short compared to the length of connected overhead lines. In such cases,
the (complicated) series impedances have very little effect on the results because the system sees the cable essentially
as a shunt capacitance. The cable can then be modelled as a simple lumped capacitance.

5.9.2 Transient Solutions

The accurate representation of cables with frequency-dependent impedances and frequency-dependent
transformation matrices is discussed in Section 5.9.2.3. Situations where simpler models should be accurate enough
are discussed first.

5.9.2.1 Short Cables

If a rectangular wave pulse travels on an overhead line and hits a relatively short underground cable, then the
cable termination is essentially seen as a lumped capacitance. The voltage then builds up exponentially with a time
constant of T = Zoverhead•Ccable, shown in Fig. 5.22(a). If the cable is modelled somewhat more accurately as a lossless
distributed-parameter line, then the voltage build-up has the staircase shape of Fig. 5.22(b), with the average of the
sending and receiving end curve being more or less the same as the continuous curve in Fig. 5.22(a). As long as the
travel time [] of the cable is short compared to the time constant T, reasonably accurate results can be obtained if the
cable is represented as a lumped capacitance.

(a) Cable represented as lumped (b) Cable represented as


 capacitance lossless transmission line
------ sending end of cable
...... receiving end of cable

Fig. 5.22 - Voltage build-up in a cable connected to an overhead line

Nominal -circuit representations have often been suggested as approximate cable models. They obviously
represent the capacitance effect correctly, but the pronounced frequency-dependence in the series impedance is ignored.
Nominal -circuits give reasonable answers probably only in those cases in which the simpler lumped capacitance
representation is already accurate enough.

5.9.2.2 Single-Phase Cables

There are situations where single-phase representations are possible. An example is a single-phase submarine
cable in which the sheath and armor are bonded together, with the armor being in contact with the sea water. In such
a case, the sheath and armor can be eliminated from Eq. (5.10), which results in the reduced single-phase equation

F8E
& ' < ) EQTG +E
FZ

with Z’core being the impedance of the core conductor with combined current return through sheath, armor and sea water.
Coupling to the cables of the other two phases can be ignored because the three cables are layed relatively far apart, to
reduce the risk of anchors damaging more than one phase in the same mishap.
When the equations have been reduced to single-phase equations, then it is straightforward to use the
frequency-dependent overhead line model described in Section 4.2.2.6.
Sometimes it is not necessary to take the frequency-dependence in the series impedances into account. For
example, single phase SF6-busses have been modelled quite successfully for fast transients with two decoupled lossless
single-phase lines, one for the inside coaxial loop and a second one for the outside loop between the enclosure and the
earth-return. The coupling between the two loops through the enclosure is negligible at high frequencies because the
depth of penetration is much less than the enclosure wall thickness. The only coupling occurs through reflections at
the terminations. Agreement between simulation results from such simple models and field tests has been excellent
[169].

5.9.2.3 Polyphase Cables [155]

The simple overhead line models with constant parameters discussed in Section 4.2.2 are of limited use for
underground cables for two reasons:
(a) The transformation matrix [Ti] is frequency-dependent up to a few kHz, though a constant [Ti] would be
acceptable for transients which contain only high frequencies (e.g., lightning surge studies).
(b) The modal parameters (e.g., wave velocity and attenuation) are more frequency-dependent than on overhead
lines, as shown in Fig. 5.23 for three single-core cables with core and sheath [150].



C#VVGPWCVKQP

D8GNQEKV[

Fig. 5.23 - Modal parameters as a function of frequency [150]. Reprinted by permission of IEE and
the authors

To derive an accurate model for an n-conductor cable system between nodes k and m, we can start from the
phasor equation (4.121) for the overhead line, if we replace that scalar equation, which was written for one phase or
mode, by a matrix equation for the n conductors,

=;E? =8M? & =+MO? ' =#? 6=;E? =8O? % =+OM?>




with [Yc] = [Zc]-1 = characteristic admittance matrix in phase quantities,
[A] = e-j ký = propagation factor matrix.
Eq. (5.51) is transformed to modal quantities, with

=+? ' =6K? =+OQFG?

C

and

=8? ' =6K V?& =8OQFG?

D

which yields

=+MO&OQFG? ' =;E&OQFG? =8M&OQFG? & =#OQFG? 6 =;E&OQFG? =8O&OQFG? % =+OM&OQFG? >

(5.53)
with both [Yc-mode] and [Amode] being diagonal matrices,

=;E&OQFG? ' =6K?& =;E? =6K V?&

C

=#OQFG? ' =6K?& =#? =6K?

D

The diagonal element of [Amode] is obtained from the i-th eigenvalue i of the product jY’phasek jZ’phasek,

&ý 8
#OQFG&K ' G K

E

and [Ti] is the matrix of eigenvectors of the same product [Y’phase ] [Z’phase ]. Eq. (5.53) consists of n decoupled (scalar)
equations, with one equation for each mode.
Transforming these scalar equations into the time domain is the same procedure as described in Section 4.2.2.6
for the overhead line. For mode i, the second term in Eq. (5.53) is found with the same convolution integral as in Eq.
(4.124),

JOCZ
JKUVRTQRCICVKQP ' & KO&VQVCN
V&WC
W FW HQT GCEJ OQFG

mJOKP

with the current im-total being the sum of the line current imk and of a current which would flow through the characteristic
impedance of mode i if the voltage vm of mode i were connected across it. Only known history terms appear in Eq.
(5.55), and histpropagation can therefore be found by n recursive convolutions for the n modes, in the same say as in Section
4.2.2.6. The modal propagation factors are very similar in shape to those of an overhead line, as shown for Amode-3 ( )
in Fig. 5.24.


 (KI/CIPKVWFGQHRTQRCICVKQPHCEVQTHQTOQFGQHCEQPFWEVQT
U[UVGO
VJTGGUKPINGEQTGECDNGUYKVJEQTGCPFUJGCVJKPGCEJ

With
propagation of the conditions from m to k being taken care of through Eq. (5.55), the only unresolved issue in the modal
domain equations is the representation of the term YcVk in Eq. (5.53). Again, the frequency dependence of Yc is similar
to that of an overhead line, as shown in Fig. 5.25, and can be represented with the same type of Foster-I R-C network
shown in Fig. 4.42(a), and reproduced here as Fig. 5.26. By applying the trapezoidal rule of integration to the
capacitances, or by using recursive convolution as discussed in Appendix V, the R-C

(KI/CIPKVWFGQHEJCTCEVGTKUVKECFOKVVCPEGHQTOQFG
UCOG
EQPFWEVQTU[UVGOCUKP(KI



C 4%PGVYQTM
D 'SWKXCNGPVTGUKUVCPEGCHVGTCRRN[KPIKORNKEKVKPVGITCVKQPVQ%

(KI4GRTGUGPVCVKQPQHQPGOQFGUGGPHTQOUKFGM

network is converted into an equivalent conductance Gequiv in parallel with a known current source histRC + histpropagation.
After the network solution at each time step, the current flowing through the characteristic impedance represented by
the R-C network must be calculated for both ends of the cable from Gequivv + histRC, because this term is needed after
the elapse of travel time to form the expression im-total needed in Eq. (5.55).
From Fig. 5.26(b), it can be seen that each mode is now represented by the scalar, algebraic equation
ikm(t) = Gequivvk(t) + (histRC + histpropagation) (5.56)
with an analogous equation for imk(t) at the other end. If the transformation matrix were constant and real, then Eq.
(5.56) could very easily be transformed back to phase quantities,
[ikm-phase(t)] = [Ti][Gequiv][Ti]t[vk-phase] + [Ti][hist]
as explained in Eq. (4.109) for the overhead line. As shown in Fig. 5.21, the transformation matrix [Ti] of cables is very
much frequency-dependent, and the transformation back to phase quantities now requires convolutions based on Eq.
(5.52),

V
=KRJCUG
V? ' =V
V&W? =KOQFG
W? FW
C
m&4 K

V
=XOQFG
V? ' =VK
V&W?V =XRJCUG
W? FW
D
m&4

where [ti] is a matrix obtained from the inverse Fourier transform of the frequency-dependent matrix [Ti]. Similar to
the curve fitting used for the modal characteristic impedances, each element of [Ti] is again approximated by rational
functions of the form


 O MK
6z<
T ' M % j

K' LT % RK

with k0, ki and pi being real constants which, when transformed into the time domain, becomes

O
Vz<
V ' M F
V % j MK GZR
&RKV W
V

K'

With the simple sum of exponentials in Eq. (5.59), recursive convolution can be applied again (Appendix V). Then,
the convolution integrals in Eq. (5.57) can be split up into a term containing the yet unknown voltages and currents at
time t, and the known history terms which can be updated recursively,

=KRJCUG
V? ' =V? =KOQFG
V? % =JKUVEWTTGPV?
C

=XOQFG
V? ' =V?V =XRJCUG
V? % =JKUVXQNVCIG?
D

with [t0] being a real, constant n x n-matrix. With Eq. (5.60), the transformation of the modal equations (5.56) to phase
quantities is now fairly simple,

=KMO&RJCUG
V? ' =)RJCUG? =XM&RJCUG
V? % =JKUVRJCUG?
C

with

=)RJCUG? ' =V? =)RJCUG? =V?V

D

and the history term

[histphase] = [histcurrent] + [t0]{[Gequiv][histvoltage]
+ [histRC] + [histpropagation]} (5.61c)
Since the form of Eq. (5.61a) is identical to that of Eq. (4.109) for the overhead line with constant [Ti], adding the model
to the EMTP is the same as described there. The extra effort lies essentially in the evaluation of the two extra history
vectors [histcurrent] and [histvoltage]. After the network solution at each time step, Eq. (5.60) is used to obtain the modal
quantities from the phase quantities.
The principle of the frequency-dependent cable model is fairly simple, but its correct implementation depends
on many intricacies, which are described in [155]. In particular, it is important to normalize the eigenvectors in such
a way that the elements of [Ti] as well as the modal surge admittances Yc-mode-i both become minimum phase shift
functions. This is achieved by making one element of each eigenvector a real and constant number through the entire
frequency range. Furthermore, standard eigenvalue/eigenvector subroutines do not produce smooth curves of [Ti] and
[Yc-mode] as a function of frequency, because the order in which the eigenvalues are calculated often changes as one
moves from one frequency point to the next. This problem was solved by using an extension of the Jacobi method for
complex symmetric matrices. Symmetry is obtained by reformulating the eigenproblem


 =; ) RJCUG? =< ) RJCUG? =Z? ' 8=Z?

in the form

=*? =T? ' 8=T?

C

where

=*? ' =.?V =< ) RJCUG? =.?

D

and

=Z? ' =.? =T?

E

with [L] being the lower triangular matrix obtained from the Choleski decomposition of [Y’phase] [157]. The Choleski
decomposition is a modification of the Gauss elimination method, as explained in Appendix III. One can also replace
[L] in Eq. (5.62) with the square root of [Y’phase] obtained from

=; ) RJCUG? ' =:? =7? =:?&



1/2
where [ ] is the diagonal matrix of the square roots of the eigenvalues, and [X[ is the eigenvector matrix of [Y’phase].
Both approaches are very efficient if G’ is ignored, or if tan is constant for all dielectrics in the cable system, because
[L] or [Y’phase]1/2 must then only be computed once for all frequencies.
For parallel single core cables layed in the ground (not in air), [Y’] is diagonal if loop equations are used. In
that case it is more efficient to find the eigenvalues and eigenvectors for [Y’loop][Z’loop], where both [L] and [Y’loop]1/2
become the same diagonal matrix with %Y’loop-i as its elements. The conversion back to phase quantities is trivial with
Eq. (5.50).
The reason why the Jacobi procedure produces smooth eigenvectors is that the Jacobi algorithm requires an
initial guess for the solution of the eigenvectors. This initial guess is readily available from the solution of the
eigenproblem of the preceding frequency step; consequently, the order of the eigenvectors from one calculation to the
next is not lost.
Figure 5.27(a) shows the magnitude of the elements of row 3 of the eigenvector matrix [Ti] for the same 6-
conductor system as in Fig. 5.24, when standard eigenvalue/eigenvector routines are used. Fig. 5.27(b), on the other
hand, shows the same elements of [Ti] calculated with the modified Jacobi algorithm.
As an application for this cable model, consider the case of three 230 kV single-core cables (with core and
sheath), buried side by side in horizontal configuration, with a length of 10 km. A unit-step voltage is applied to the
core of phase A, and the cores of phases B and C as well as all three sheaths are left ungrounded at both ends. The unit-
step function was approximated as a periodic rectangular pulse of 10 ms duration and a period of 20 ms with a Fourier
series containing 500 harmonics,


 

X
V ' C % j 6 CK EQU
TKV % DK UKP
TKV >
K'

The wave front of this approximation is shown in Fig. 5.28. Choosing a Fourier series

(KI(QWTKGTUGTKGUCRRTQZKOCVKQPQHWPKVUVGR

approximation for the voltage source offered the advantage that exact answers could be found as well, by using ac
steady-state solutions with exact equivalent -circuits (Section 4.2.1.3) at each of the 500 frequencies, and by
superimposing them. Fig. 5.29 and 5.30 show the EMTP simulation results in the region of the third pulse,
superimposed on the exact answers. The two

C5VCPFCTFGKIGPXCNWGGKIGPXGEVQTUWDTQWVKPGU



D/QFKHKGF,CEQDKCNIQTKVJO

Fig. 5.27 -
Magnitude of the elements of row 3 of [Ti] (same 6-conductor system as in Fig. 5.24)

curves are indistinguishable in this third pulse region where the phenomena have already become more or less periodic.
This shows that the EMTP cable model is capable of producing highly accurate answers. The insert on the right-hand
side of Fig. 5.29 shows the response to the first pulse, where the EMTP simulation results differ slightly from the exact
answers, not because of inaccuracies in the model but because the EMTP starts from zero initial conditions while the
exact answer assumes periodic behavior even for t < 0.

(KI5VGRTGURQPUGTGEGKXKPIGPFXQNVCIGQHEQTG
RJCUG#


(KI5VGRTGURQPUGTGEGKXKPIGPFXQNVCIGQHUJGCVJ
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EJQUGPVQIKXGCPKPRWVKORGFCPEGQHRWHTQOQPGUKFGYKVJVJGQVJGTUKFGQRGPVQOCMGVJGGZEKVKPIEWTTGPV
RW
VJGTGUKUVCPEGRWKUUQUOCNNEQORCTGFVQRWVJCVKVECPDGKIPQTGFKPHKPFKPIVJGXCNWG
L6JGGSWCVKQPUYKVJVJGDTCPEJKORGFCPEGOCVTKZKPRWCTGVJGP

(KI6EKTEWKVTGRTGUGPVCVKQPQHVTCPUHQTOGT

8 RW     + RW

' % L
C
8 RW     + RW

HQTUVGCF[UVCVGUQNWVKQPUQT

8 K FK  FV
' =4? % =.?
D
8 K FK  FV


HQTVTCPUKGPVUQNWVKQPUYKVJ=4?DGKPIVJGUCOGOCVTKZCUKP'S
CCPF=.?T=:?/QUV'/62UVWFKGU
CTGFQPGYKVJCEVWCNXCNWGUTCVJGTVJCPYKVJRWXCNWGU+PVJCVECUGVJGOCVTKZKP'S
OWUVDGEQPXGTVGFVQ
CEVWCNXCNWGUYKVJ

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5TCVKPI   8

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YJGTG5 TCVKPI
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8 8 XQNVCIGTCVKPIUQHVTCPUHQTOGT
 

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IKXGUVJG=4?CPF=:?OCVTKEGUQHEQWRNGFDTCPEJGUKPSCUTGSWKTGFD[VJG'/62YKVJVJGEQTTGEVVWTPU
TCVKQ8 8 +HCNNSWCPVKVKGUCTGVQDGTGHGTTGFVQQPGUKFGUC[UKFGVJGPUKORN[UGV8 8 KP'S

   

+VKUKORQTVCPVVQTGCNK\GVJCVVJGDTCPEJKORGFCPEGOCVTKZ=<?KP'S
FQGUPQVKORN[VJCVVJGVYQ
EQWRNGFDTCPEJGUDGEQPPGEVGFCUUJQYPKPVJG6EKTEWKVQH(KI+HKVYGTGKPFGGFNKOKVGFVQVJCVEQPPGEVKQP
QPGEQWNFPQVTGRTGUGPVCVJTGGRJCUGDCPMKPY[GFGNVCEQPPGEVKQPDGECWUGDQVJUKFGUYQWNFCNYC[UDGEQPPGEVGF
HTQOPQFGVQITQWPFQTVQUQOGQVJGTEQOOQPPQFG+PUVGCF=<?UKORN[TGRTGUGPVUVYQEQWRNGFEQKNU
(KI
6JGEQPPGEVKQPUCTGQPN[FGHKPGFVJTQWIJPQFGPCOGCUUKIPOGPVU(QTGZCORNGKHVJTGGUKPINGRJCUGVTCPUHQTOGTU
CTGEQPPGEVGFCUCVJTGGRJCUGDCPMYKVJCITQWPFGFY[GEQPPGEVKQPQPUKFGCPFCFGNVCEQPPGEVKQPQPUKFGVJGP
VJGHKTUVVTCPUHQTOGTEQWNFJCXGKVUVYQEQWRNGFDTCPEJGUHTQOPQFG*#VQITQWPFCPFHTQO.#VQ.$VJGUGEQPF
VTCPUHQTOGTHTQO*$VQITQWPFCPF.$VQ.%CPFVJGVJKTFVTCPUHQTOGTHTQO*%VQITQWPFCPF.%VQ.#6JKU
EQPPGEVKQPYKNNCNUQETGCVGVJGEQTTGEVRJCUGUJKHVCWVQOCVKECNN[
UKFGNCIIKPIDGJKPFUKFGD[EHQTDCNCPEGF
RQUKVKXGUGSWGPEGQRGTCVKQPKPVJKURCTVKEWNCTECUG

(KI6YQEQWRNGFEQKNU

+NN%QPFKVKQPKPIQH+PFWEVCPEG/CVTKZ
6JGHQWTGNGOGPVUKPVJG=:?OCVTKZQH'S
EQPVCKPDCUKECNN[VJGKPHQTOCVKQPHQTVJGGZEKVKPIEWTTGPV

OCIPGVK\KPITGCEVCPEG: RWYKVJVJGUJQTVEKTEWKVTGCEVCPEGDGKPITGRTGUGPVGFKPFKTGEVN[VJTQWIJVJG

O

UOCNNFKHHGTGPEGUDGVYGGP: CPF: CPFDGVYGGP: CPF: +HCNNHQWTXCNWGUYGTGTQWPFGFVQQPGFKIKVDGJKPF

   

VJGFGEKOCNRQKPV
: : : .RWVJGPVJGUJQTVEKTEWKVTGCEVCPEGYQWNFDGEQORNGVGN[NQUV:
  

UJQTV

+POQUVUVWFKGUKVKUVJGUJQTVEKTEWKVTGCEVCPEGTCVJGTVJCPVJGOCIPGVK\KPITGCEVCPEGJQYGXGTYJKEJKPHNWGPEGU
VJG TGUWNVU  +V KU VJGTGHQTG KORQTVCPV VJCV =:? DG ECNEWNCVGF CPF RWV KPVQ VJG FCVC HKNG YKVJ XGT[ JKIJ CEEWTCE[



V[RKECNN[YKVJCVNGCUVQTFKIKVUVQOCMGEGTVCKPVJCVVJGUJQTVEKTEWKVTGCEVCPEG

:


UJQTV
: ' : & UGGP HTQO UKFG 

:

KUUVKNNTGCUQPCDN[CEEWTCVG+VKUJKIJN[TGEQOOGPFGFVQECNEWNCVG: UJQTV
HTQO'S
VQEJGEMJQYOWEJKVFKHHGTU
HTQOVJGQTKIKPCNVGUVFCVC(QTCVTCPUHQTOGTYKVJUJQTVEKTEWKVTGCEVCPEGCPFGZEKVKPIEWTTGPVVJGXCNWGU
QH< < < YQWNFJCXGVQDGCEEWTCVGVQYKVJKPvVQCEJKGXGCPCEEWTCE[QHvHQT:
  
6JKU
UJQTV

CEEWTCE[RTQDNGOKUQPGQHVJGTGCUQPUYJ[< < < ECPPQVDGOGCUWTGFFKTGEVN[KPVGUVUKHVJKUFCVCKUVQEQPVCKP

  

VJGUJQTVEKTEWKVVGUVKPHQTOCVKQPDGUKFGUVJGGZEKVCVKQPVGUVKPHQTOCVKQP/CVJGOCVKECNN[=:?KUCNOQUVUKPIWNCTCPF
VJGTGHQTGKNNEQPFKVKQPGFVJGOQTGUQVJGUOCNNGTVJGGZEKVKPIEWTTGPVKU'ZRGTKGPEGJCUUJQYPVJCVVJGKPXGTUKQP
QH=:?KPUKFGVJG'/62FQGUPQVECWUGCP[RTQDNGOUCUNQPICUXGT[JKIJCEEWTCE[KUWUGFKPVJGKPRWVFCVC
2TQDNGOUOC[CRRGCTQPNQYRTGEKUKQPEQORWVGTUJQYGXGT6JGCWVJQTVJGTGHQTGRTGHGTUKPXGTUGKPFWEVCPEGOCVTKZ
TGRTGUGPVCVKQPUCUFKUEWUUGFKP5GEVKQP

6JTGG9KPFKPI6TCPUHQTOGTU
6JGKORGFCPEGOCVTKZQHUKPINGRJCUGVJTGGYKPFKPIVTCPUHQTOGTUECPDGQDVCKPGFKPCUKOKNCTYC[YKVJVJG
YGNNMPQYPUVCTEKTEWKVWUGFKP(KI+PVJCVEKTEWKVVJGOCIPGVK\KPITGCEVCPEGKUWUWCNN[EQPPGEVGFVQVJGUVCT
RQKPVDWVUKPEGKVUWPUCVWTCVGFXCNWGKUOWEJNCTIGTVJCPVJGUJQTVEKTEWKVTGCEVCPEGUKVEQWNFDGEQPPGEVGFVQGKVJGT
VJGRTKOCT[UGEQPFCT[QTVGTVKCT[UKFGCUYGNN#UUWOKPIVJCVVJGGZEKVKPIEWTTGPVHQTVJGGZCORNGQH(KIKU
OGCUWTGFHTQOVJGRTKOCT[UKFGYKVJGZEKVCVKQPNQUUGUKIPQTGFVJGOCIPGVK\KPITGCEVCPEGKPVJGUVCTRQKPVYQWNF
VJGPDGRW6JGP

  

=:? '    RW

  

6JGRCTVKEWNCTEQPPGEVKQPYQWNFCICKPDGGUVCDNKUJGFVJTQWIJVJGPQFGPCOGUCVDQVJGPFUQHVJGDTCPEJGU(QT
GZCORNGVJGVJTGGDTCPEJGUEQWNFDGEQPPGEVGFHTQOPQFG*#VQITQWPF.#VQ.$CPF6#VQ6$6QEQPXGTV
'S
VQCEVWCNXCNWGUFKXKFGCNNGNGOGPVUD[VJGRQYGTTCVKPI5 CPFOWNVKRN[VJGHKTUVTQYCPFEQNWOPYKVJ
TCVKPI

XQNVCIGTCVKPI8 VJGUGEQPFTQYCPFEQNWOPYKVJ8 CPFVJGVJKTFTQYCPFEQNWOPYKVJ8 

  

6JG=4?CPF=:?OCVTKEGUECPGKVJGTDGFGTKXGFD[JCPFQTVJG[ECPDGQDVCKPGFHTQOVJGUWRRQTVTQWVKPGU
:(14/'4$%64#0QT64'.')KPVJG$2#XGTUKQPQHVJG'/626JGNCVVGTVYQUWRRQTVTQWVKPGUYGTG
FGXGNQRGFHQTVJTGGRJCUGWPKVUDWVECPDGWUGFHQTUKPINGRJCUGWPKVUCUYGNN

+PXGTUG+PFWEVCPEG/CVTKZ4GRTGUGPVCVKQPQH5KPING2JCUG6YQCPF6JTGG9KPFKPI6TCPUHQTOGTU
+HVJGGZEKVKPIEWTTGPVKUKIPQTGFVJGPVJGQPN[YC[VQTGRTGUGPVVTCPUHQTOGTUKUYKVJOCVTKEGU=4?CPF=.?  

YJKEJCTGJCPFNGFD[VJG'/62CUFGUETKDGFKP5GEVKQP6JGCWVJQTRTGHGTUVJKUTGRTGUGPVCVKQPQXGTCNNQVJGTU
DGECWUGVJGOCVTKEGU=4?CPF=.? CTGPQVKNNEQPFKVKQPGFCPFDGECWUGCP[XCNWGQHGZEKVKPIEWTTGPVKPENWFKPI\GTQ



ECPDGWUGF6JGDWKNVKPUVCTEKTEWKVKPVJG$2#XGTUKQPQHVJG'/62WUGUVJKUTGRTGUGPVCVKQPKPVGTPCNN[CUYGNN
(QTVJTGGRJCUGVTCPUHQTOGTUVJGEQPXGTUKQPQHVJGVGUVFCVCVQ=4?CPF=.? OCVTKEGUKUDGUVFQPGYKVJVJG


UWRRQTVTQWVKPG$%64#0(QTUKPINGRJCUGWPKVUCPFHQTVJTGGRJCUGVTCPUHQTOGTUYJGTG< .< VJGEQPXGTUKQP \GTQ RQU

KUHCKTN[UKORNGCPFECPGCUKN[DGFQPGD[JCPFCUGZRNCKPGFPGZV

6YQ9KPFKPI6TCPUHQTOGTU
(KTUVUGRCTCVGVJGUJQTVEKTEWKVKORGFCPEGKPVQKVUTGUKUVCPEGCPFTGCEVCPEGRCTVYKVJ'S
6JG=4?CPF
=T.? OCVTKEGUKPRWECPVJGPDGYTKVVGPFQYPD[KPURGEVKQPHTQOVJGGSWKXCNGPVEKTEWKVQH(KI
CHVGTVJG


OCIPGVK\KPIKPFWEVCPEGJCUDGGPTGOQXGF

 
&
4 RW  :RW :RW
=4RW? ' CPF =T .RW?& '

 4 RW  
&
:RW :RW

6JGKPXGTUGDTCPEJTGCEVCPEGOCVTKZ=T. ? KUVJGYGNNMPQYPPQFGCFOKVVCPEGOCVTKZQHCUGTKGUDTCPEJYKVJRW
RW


TGCEVCPEG: (QTVJGGZCORNGQH(KIYKVJGZEKVKPIEWTTGPVKIPQTGFVJGRWOCVTKEGUYQWNFDG
RW

   &
=4RW? '  =T.RW?& '

  & 

6JGOCVTKEGUKP'S
CTGEQPXGTVGFVQCEVWCNXCNWGUYKVJ

4 RW8 

=4? ' KP S
C
5TCVKPI  4 RW8

 
&
8
 8 8
5TCVKPI
=T .?& ' KP 5
D
:RW  
&
8 8 8


YKVJ 5TCVKPI
CRRCTGPVRQYGTTCVKPI
8 8 XQNVCIGTCVKPIU
 

'S
EQPVCKPUVJGEQTTGEVVWTPUTCVKQ8 8 +HCNNSWCPVKVKGUCTGVQDGTGHGTTGFVQQPGUKFGUC[UKFGVJGP
 

UKORN[UGV8 8 KP'S

6QQDVCKP=.? VJGOCVTKZKP'S
KUUKORN[OWNVKRNKGFYKVJT
 


#U CNTGCF[ OGPVKQPGF KP 5GEVKQP  VJG VYQ EQWRNGF DTCPEJGU FGUETKDGF D[ 'S
 ECP CNUQ DG
TGRTGUGPVGFCUUKZWPEQWRNGFDTCPEJGU+IPQTKPIVJGTGUKUVCPEGUHQTVJGUCMGQHVJKUCTIWOGPVCPFUGVVKPI


 5TCVKPI
; '
L :RW 8
8
V ' 
8

RTQFWEGUVJGUVGCF[UVCVGDTCPEJGSWCVKQPU
CPFVJGCNVGTPCVGTGRTGUGPVCVKQPUYKVJWPEQWRNGFDTCPEJGUQH(KI


6JTGG9KPFKPI6TCPUHQTOGTU
5GRCTCVKPI4CPF:KUOQTGEQORNKECVGFPQY6JGTGHQTG4UJCNNDGKIPQTGFKPVJGHQNNQYKPIGZRNCPCVKQPU
4GUKUVCPEGUECPDGKPENWFGFJQYGXGTKHVJGUWRRQTVTQWVKPGU$%64#0QT64'.')CTGWUGF
UGG5GEVKQP
CPF6JGUVCTVKPIRQKPVKUVJGYGNNMPQYPUVCTEKTEWKVQH(KI+VUTGCEVCPEGUCTGHQWPFHTQOVJGRW
UJQTVEKTEWKVTGCEVCPEGU: *.RW
: *6RW


(KI5VCTEKTEWKVHQTVJTGGYKPFKPI
VTCPUHQTOGTYKVJRWXCNWGUDCUGFQPXQNVCIG
TCVKPIUQTYKVJCEVWCNXCNWGUTGHGTTGFVQQPG
UKFG

:.6RW
DCUGFQPVJGXQNVCIGTCVKPIUCPFQPGEQOOQPRQYGTDCUG5 DCUG
5KPEGVJGRQYGTVTCPUHGTTCVKPIU5 DGVYGGP
*.

*.5 DGVYGGP*6CPF5 DGVYGGP.6CTGWUWCNN[PQVKFGPVKECNCRQYGTDCUGEQPXGTUKQPKUWUWCNN[PGGFGF

*6 .6

+HYGEJQQUG5 
KPUCOGWPKVUCURQYGTTCVKPIU5 5 5 VJGP
DCUG *. *6 .6

 :*.RW :*6RW :.6RW

:*RW ' % &
 :*. 5*6 5.6

 :.6RW :*.RW :*6RW

:.RW ' % &

 5.6 5*. 5*6

 :*6RW :.6RW :*.RW

:6RW ' % &
 5*6 5.6 5*.


(QTVJGGZCORNGWUGFKP5GEVKQPYKVJ: RW: RW: RWDCUGFQP
*. *6 .6

/8#VJGUGUVCTEKTEWKVTGCEVCPEGUDCUGFQP/8#YQWNFDG

:*RW ' &  :.RW '   :6RW ' 

0GZVVJGYGNNMPQYPUVCTFGNVCVTCPUHQTOCVKQPKUWUGFVQEQPXGTVVJGUVCTEKTEWKVQH(KIKPVQVJGFGNVC
EKTEWKVQH(KI

(KI&GNVCEKTEWKV

YJKEJIKXGUWUVJGUWUEGRVCPEGU 

:6RW
$*.RW '
:
:.RW
$*6RW '
C
:
:*RW
$.6RW '
:
YKVJ : ' :*RW :.RW

% :.RW :6RW % :*RW :6RW
D

(QTVJGPWOGTKECNGZCORNG

$*.RW '   $*6RW '   $.6RW ' & 

0QVGVJCVVJGUWUEGRVCPEGUKP'S
CCTGPQVVJGTGEKRTQECNUQHVJGUJQTVEKTEWKVTGCEVCPEGU:WUGFKP'S

6JGRWOCVTKZ=T. ? DCUGFQP5
RW

DCUG
KUGCUKN[QDVCKPGFHTQO(KIYKVJVJGTWNGUHQTPQFCNCFOKVVCPEG
OCVTKEGUCU

 5WUEGRVCPEG$KUWUGFJGTGHQTVJGTGEKRTQECNQHTGCEVCPEG:6JKUKUPQVUVTKEVN[EQTTGEVDGECWUG


UWUEGRVCPEGKUVJGKOCIKPCT[RCTVQHCPCFOKVVCPEG
YJKEJKORNKGU$:


 $*.RW % $*6RW & $*.RW & $*6RW
=T.RW ?& ' & $*.RW $*.RW % $.6RW & $.6RW

& $*6RW & $.6RW $*6RW % $.6RW

QTHQTVJGPWOGTKECNGZCORNG

 &  & 

=T.RW ?& ' &    DCUGF QP  /8#
&   

6JGOCVTKZ=T. ? KPCEVWCNXCNWGUKUHQWPFCU
RW


UV TQY CPF EQNWOP QH

 OWNVKRNKGF YKVJ 8*
T. & ' PF TQY CPF EQNWOP QH
 OWNVKRNKGF YKVJ 8. KP 5

TF TQY CPF EQNWOP QH
 OWNVKRNKGF YKVJ 86

6JKUOCVTKZYKNNEQPVCKPVJGEQTTGEVVWTPUTCVKQU+HCNNSWCPVKVKGUCTGVQDGTGHGTTGFVQQPGUKFGUC[UKFG*VJGP
UKORN[UGV8 8 8 KP'S
5KPEGVJGRWXCNWGUCTGDCUGFQP/8#VJGXQNVCIGUKP'S
OWUV
. 6 *

DGKPM8

/CVTKZ4GRTGUGPVCVKQPQH5KPING2JCUG0%QKN6TCPUHQTOGTU

6JGPGYGTUWRRQTVTQWVKPGU$%64#0CPF64'.')CTGPQVNKOKVGFVQVJGRCTVKEWNCTECUGQHVYQQTVJTGG
EQKNUDWVYQTMHQTCP[PWODGTQHEQKNU+HGCEJYKPFKPIKUTGRTGUGPVGFCUQPN[QPGEQKN VJGPVTCPUHQTOGTUYKVJ


OQTGVJCPVJTGGEQKNUYKNNUGNFQODGGPEQWPVGTGFDWVKHGCEJYKPFKPIKUTGRTGUGPVGFCUCPCUUGODN[QHEQKNUVJGP
VTCPUHQTOGTOQFGNUHQTOQTGVJCPVJTGGEQKNUCTGFGHKPKVGN[PGGFGF$TGCMKPIQPGYKPFKPIWRKPVQCPCUUGODN[QH
EQKNUOC[YGNNDGTGSWKTGFHQT[GVVQDGFGXGNQRGFJKIJHTGSWGPE[OQFGNUYKVJUVTC[ECRCEKVCPEGU
6QGZRNCKPVJGEQPEGRVQPN[UKPINGRJCUG0EQKNVTCPUHQTOGTUCTGEQPUKFGTGFKPVJKUUGEVKQP6JGGZVGPUKQP
VQVJTGGRJCUGWPKVUKUFGUETKDGFKP5GEVKQP(QTUWEJCP0EQKNVTCPUHQTOGTVJGUVGCF[UVCVGGSWCVKQPUYKVJC
DTCPEJKORGFCPEGOCVTKZ=<?CTG

 #EQKNKUCPCUUGODNCIGQHUWEEGUUKXGEQPXQNWVKQPUQHCEQPFWEVQTYJGTGCUCYKPFKPIKUCPCUUGODN[QH


EQKNU=?5KPEGCYKPFKPIOC[GKVJGTDGTGRTGUGPVGFCUQPGQTCUOQTGEQKNUVJGOQTGIGPGTCNVGTOEQKNKU
WUGFJGTG


 8 < <  <0 +
8 < <  <0 +
 
'

      
 
80 <0 <0  <00 +0

6JGOCVTKZKP'S
KUU[OOGVTKE+VUGNGOGPVUEQWNFVJGQTGVKECNN[DGOGCUWTGFKPGZEKVCVKQPVGUVU+HEQKNMKU
GPGTIK\GFCPFCNNQVJGTEQKNUCTGQRGPEKTEWKVGFVJGPVJGOGCUWTGFXCNWGUHQT+ CPF8 8 RTQFWEGEQNWOPMQH
M  0

VJG=<?OCVTKZ

<KM ' 8K  +M


7PHQTVWPCVGN[VJGUJQTVEKTEWKVKORGFCPEGUYJKEJFGUETKDGVJGOQTGKORQTVCPVVTCPUHGTEJCTCEVGTKUVKEUQH
VJGVTCPUHQTOGTIGVNQUVKPUWEJGZEKVCVKQPOGCUWTGOGPVUCUOGPVKQPGFKP5GEVKQP+VKUVJGTGHQTGOWEJDGVVGT
VQWUGVJGDTCPEJCFOKVVCPEGOCVTKZHQTOWNCVKQP

=+? ' =;? =8?



YJKEJKUVJGKPXGTUGTGNCVKQPUJKRQH'S
'XGPVJQWIJ=<?DGEQOGUKPHKPKVGHQT\GTQGZEKVKPIEWTTGPVQTKNN
EQPFKVKQPGF HQT XGT[ UOCNN GZEKVKPI EWTTGPVU =;? FQGU GZKUV CPF KU KP HCEV VJG YGNNMPQYP TGRTGUGPVCVKQP QH
VTCPUHQTOGTUWUGFKPRQYGTHNQYUVWFKGU(WTVJGTOQTGCNNGNGOGPVUQH=;?ECPDGQDVCKPGFFKTGEVN[HTQOVJGUVCPFCTF
UJQTVEKTEWKVVGUVFCVCYKVJQWVJCXKPIVQWUGCP[GSWKXCNGPVEKTEWKVU6JKUKUGURGEKCNN[KORQTVCPVHQT0 DGECWUG
VJGUVCTEKTEWKVUCVWTCDNGVTCPUHQTOGTEQORQPGPVKPVJG$2#'/62KUKPEQTTGEVHQTOQTGVJCPVJTGGEQKNU
(QTCPKPVGTOGFKCVGUVGRKPQDVCKPKPI=;?VJGVTCPUHGTEJCTCEVGTKUVKEUDGVYGGPEQKNUCTGPGGFGF.GVVJGUG
VTCPUHGTEJCTCEVGTKUVKEUDGGZRTGUUGFCUXQNVCIGFTQRUDGVYGGPEQKNKCPFVJGNCUVEQKN0

TGFWEGF TGFWEGF TGFWEGF

8&80 < <  <0& +
8&80 TGFWEGF
< <
TGFWEGF TGFWEGF
 <0& +
 
'

      
 
80&&80 TGFWEGF TGFWEGF TGFWEGF +0&
<0& <0&  <0&0&

YKVJ =< TGFWEGF

? CICKP DGKPI U[OOGVTKE  5KPEG VJG GZEKVKPI EWTTGPV JCU PGINKIKDNG KPHNWGPEG QP VJGUG VTCPUHGT
EJCTCEVGTKUVKEUKVKUDGUVVQKIPQTGVJGGZEKVKPIEWTTGPVCNVQIGVJGT6JGPVJGUWOQHVJGRWEWTTGPVU 
DCUGFQPQPG


EQOOQPDCUGRQYGT5 DCUG
CPFQPVJGVTCPUHQTOGTXQNVCIGTCVKPIUQHVJG0EQKNUOWUVDG\GTQQT

 (TQOJGTGQPKVKUDGUVVQYQTMYKVJRWSWCPVKVKGUQTYKVJSWCPVKVKGUTGHGTTGFVQQPGUKFGVQCXQKFECTT[KPI


VJGVWTPUTCVKQUVJTQWIJCNNVJGFGTKXCVKQPU


 0

j +M RW ' 

M'

6JGRWXCNWGUQHVJGOCVTKZGNGOGPVUKP'S
ECPVJGPDGHQWPFFKTGEVN[HTQOVJGUJQTVEKTEWKVVGUVFCVCCU
HKTUVUJQYPD[5JKRNG[=?(QTCUJQTVEKTEWKVVGUVDGVYGGPKCPF0QPN[+ KP'S
KUPQP\GTQCPF8 KRW 0

RW
6JGPVJGKVJTQYDGEQOGU

TGFWEGF
8K RW ' <K K RW +K RW


6JGKORGFCPEGKPVJKUGSWCVKQPKUVJGUJQTVEKTEWKVKORGFCPEGDGVYGGPEQKNUKCPF0D[FGHKPKVKQP

TGFWEGF UJQTV
<K K RW ' <K0 RW


DCUGFQPQPGEQOOQPDCUGRQYGT5 6JGQHHFKCIQPCNGNGOGPV<
DCUG KMRW
KUHQWPFD[TGNCVKPITQYUKCPFMQH'S
TGFWEGF

VQVJGUJQTVEKTEWKVVGUVDGVYGGPKCPFM(QTVJKUVGUV+ + CPF8

MRW KRW MRW
YKVJCNNQVJGTEWTTGPVUDGKPI
\GTQ6JGPTQYUKCPFMDGEQOG

TGFWEGF TGFWEGF
8K RW & 80 RW ' <K K RW & <K M RW +K RW
C

TGFWEGF TGFWEGF
& 80 RW ' <M K RW & <M M RW +K RW
D

QTCHVGTUWDVTCEVKPI'S
DHTQO
CYKVJ< MK
TGFWEGF
< KM
TGFWEGF


TGFWEGF TGFWEGF TGFWEGF

8K RW ' <K K RW % <M M RW &  <K M RW +K RW
E

$[FGHKPKVKQPVJGGZRTGUUKQPKPRCTGPVJGUGUQH'S
EOWUVDGVJGUJQTVEKTEWKVKORGFCPEG< KMRW
QT
UJQTV

TGFWEGF  UJQTV UJQTV UJQTV

<K M RW ' <K 0 RW % <M 0 RW & <K M RW



DCUGFQPQPGEQOOQPDCUGRQYGT5 DCUG
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FGXGNQROGPVQHOQTGUQRJKUVKECVGFJ[UVGTGUKUOQFGNUDWVGXGPVJGUGOQFGNUFQPQVUGGOVQRTQFWEGVJGTGUKFWCNHNWZ
XGT[CEEWTCVGN[6JKUYTKVGTDGNKGXGUVJCVVJGTGCTGPQOQFGNUCXCKNCDNGCVVJKUVKOGYJKEJECPRTGFKEVTGUKFWCNHNWZGU
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6JGOQTGUQRJKUVKECVGFOQFGNUOGPVKQPGFCDQXGWUGRTGFGHKPGFVTCLGEVQTKGUQTVGORNCVGUKPVJG8KRNCPG
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4GUKFWCN(NWZ
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EQORNKECVGFCPFVJGTGUWNVUUVKNNUGGOVQDGWPTGNKCDNGCVVJKUVKOGGXGPYKVJUQRJKUVKECVGFJ[UVGTGUKUOQFGNU7PVKN
VJKU UKVWCVKQP KORTQXGU KV OKIJV DG DGUV VQ WUG C V[RKECN XCNWG HQT VJG TGUKFWCN HNWZ CU RCTV QH VJG KPRWV FCVC
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8+ ' 8* & 8.

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8* & 8. 
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VJGPJCUVJGHQTOQH(KI


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F
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4GECNNVJCVVJGGNGEVTQOCIPGVKEVQTSWGQPVJGGNGEVTKECNUKFGKU8 K 8 K 9KVJDQVJHNWZGUCPFEWTTGPVUEQPUKUVKPI
F S S F

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6IGP ' 6IGP&RQU % 6IGP&PGI % 6IGP&RQUPGI



6JGRQUKVKXGUGSWGPEGVQTSWGYCUCNTGCF[FGHKPGFKP'S
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6JGVJKTFVGTO

6IGP&RQUPGI ' 8F&RQU KS&PGI % 8F&PGI KS&RQU & 8S&RQU KF&PGI & 8S&PGI KF&RQU 


KU CP QUEKNNCVKPIVQTSWGRTQFWEGFD[VJGKPVGTCEVKQPDGVYGGPRQUKVKXGCPFPGICVKXGUGSWGPEGSWCPVKVKGUYKVJCP

CXGTCIGXCNWGQH\GTQ6JCVKVKURWTGN[QUEKNNCVQT[ECPGCUKN[DGUGGPUKPEGCNNRQUKVKXGUGSWGPEGXCNWGUKP'S

CTGEQPUVCPVCPFCNNPGICVKXGUGSWGPEGXCNWGUQUEKNNCVGCVCHTGSWGPE[QHT6JKUCPFQVJGTQUEKNNCVKPIVGTOUCTG
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6JGPGICVKXGUGSWGPEGVQTSWGQH'S
EQPUKUVUQHCEQPUVCPVRCTVYJKEJOWUVDGKPENWFGFKPVJG
KPKVKCNK\CVKQPQHVJGOGEJCPKECNRCTVCPFQHCPQUEKNNCVKPIRCTVYKVJHTGSWGPE[TYJKEJKUKIPQTGF6QHKPFVJG
EQPUVCPVRCTVVJGHNWZGUCTGHKTUVECNEWNCVGFCURJCUQTU


 7F&PGI ' .F +FS&PGI % /FH +H&PGI % /F& +&&PGI
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7S&PGI ' .S +FS&PGI % /S I +I&PGI % /S 3 +3&PGI

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6IGP&PGI&EQPUVCPV ' 4G 67CXGTCIG> +O 6+F S&PGI > & +O 67CXGTCIG> 4G6+F S&PGI>

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6JGQUEKNNCVQT[RCTVKUPQVPGGFGFDWVEQWNFDGECNEWNCVGFHTQO

7S&PGI & 7F&PGI

6IGP&PGI&QUEKNNCVQT[ ' +O +FS&PGI G LTV



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T6RQYGTFGNKXGTGFVQ
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T 6IGP&PGI&EQPUVCPV ' 6 & *+PGI*
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JCTOQPKEUCTGKIPQTGFKPVJGYKPFKPIUQPVJGHKGNFUVTWEVWTGVJGKPKVKCNVQTSWGXCNWGUCTGPQVGZCEV6JG[CTGIQQF
CRRTQZKOCVKQPU JQYGXGT CU ECP DG UGGP HTQO 6CDNG   6JKU VCDNG EQORCTGU VJG XCNWGU QDVCKPGF HTQO VJG
KPKVKCNK\CVKQPGSWCVKQPUYKVJVJGXCNWGUQDVCKPGFHTQOCVTCPUKGPVUKOWNCVKQP
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VQTSWGQHVJGVTCPUKGPVUKOWNCVKQP
FKHHGTGPEG(KIHWTVJGTUJQYUVJCVVJGKPKVKCNVQTSWGHTQO'S

ECPDGSWKVGFKHHGTGPVHTQOVJGCXGTCIGVQTSWG6CDNGCNUQEQORCTGUVJGXCNWGUHQTVJGPFCPFVJJCTOQPKEU

PQVPGGFGFKPVJGKPKVKCNK\CVKQPVJQWIJ6JGXCNWGUHQTVJGPFJCTOQPKECITGGSWKVGYGNNDWVPQVVJGXCNWGUHQT
VJGUOCNNGTVJJCTOQPKE6JKUKUVQDGGZRGEVGFDGECWUGVJGVJJCTOQPKEVQTSWGKUKPHNWGPEGFD[TFJCTOQPKE
EWTTGPVUKPVJGCTOCVWTGYKPFKPIUYJKEJCTGKIPQTGFKPVJKUKPKVKCNK\CVKQPRTQEGFWTG6JGCXGTCIGXCNWGKP(KI
NKGUPQVGZCEVN[JCNHYC[DGVYGGPVJGOCZKOWOCPFOKPKOWOXCNWGUDGECWUGVJGVJJCTOQPKEKURJCUGUJKHVGFYKVJ
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VJGOGEJCPKECNRCTV

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6JGNKPMUDGVYGGPVJGGNGEVTKECNCPFVJGOGEJCPKECNRCTVCTGVJGCPING$
HTQO'S
YJKEJKU
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EQPXGTVGFVQVJGOGEJCPKECNUKFGYKVJ'S
CPFVJGGNGEVTQOCIPGVKEVQTSWGU6 CPF6 HTQO'S

IGP GZE

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6IGP&EQPUVCPV ' 6IGP&RQU

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QPVJGGNGEVTKECNUKFGYJKEJKUEQPXGTVGFYKVJ'S
VQVJGOGEJCPKECNUKFG5KPEGVQTUKQPCNXKDTCVKQPUEQOKPI
HTQO VJG QUEKNNCVKPI VQTSWGU QH 'S
 CPF 'S
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KPKVKCNK\CVKQPUVJGQUEKNNCVKPIVGTOKUNGHVQHHKP'S
(QTVJGGZEKVGTVQTSWGVJGQUEKNNCVKPIVGTOUCTGKIPQTGF
CUYGNN6JGP


T6GZE&EQPUVCPV ' & XH&RQU
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YKVJ+ HPGI
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9KVJQWVVQTUKQPCNXKDTCVKQPUVJGURGGFUQHCNNVWTDKPGIGPGTCVQTOCUUGUCTGQPGCPFVJGUCOGCPFVJG
CEEGNGTCVKQPQHGCEJOCUUKU\GTQ6JGP'S
UKORNKHKGUVQ

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YKVJTDGKPIVJGU[PEJTQPQWUCPIWNCTURGGFCPF=& ?DGKPIVJGFKCIQPCNOCVTKZQHUGNHFCORKPIVGTOU& 6JGUWO

UGNH K

QHVJGVWTDKPGVQTSWGUOWUVQHEQWTUGGSWCNVJGUWOQHVJGGNGEVTQOCIPGVKECPFURGGFUGNHFCORKPIVQTSWGUUQVJCV
VJGTGKU\GTQCEEGNGTCVKPIVQTSWGKPKVKCNN[

j 6VWTDKPG&K ' 6IGP&EQPUVCPV % 6GZE&EQPUVCPV % T j &K



 6JGKPKVKCNCPINGUKPVJG$2#'/62ECPDGKPEQTTGEVKPWPDCNCPEGFECUGUDGECWUGVJGPGICVKXGUGSWGPEG


VQTSWGUCTGPQVKPENWFGFKP'S
CPF
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KUWUGFVQHKPFVJGUWOQHVJGVWTDKPGVQTSWGUHKTUVCPFVJGPVQCRRQTVKQPVJGVQVCNVQVJGKPFKXKFWCNUVCIGU
HTQO VJG RGTEGPVCIG PWODGTU VQ DG UWRRNKGF KP VJG KPRWV
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KUVJGPMPQYPCUYGNNCUVJGCPINGQHVJG
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WPKXGTUCN OCEJKPGU ECP UJCTG VJG UCOG OGEJCPKECN U[UVGO DGECWUG VJG '/62 WUGU CP /RJCUG
EQORGPUCVKQPOGVJQFHQT/#
UGG5GEVKQP

 +HVJGURGGFECNEWNCVGFKP
FKHHGTUVQQOWEJHTQOVJGRTGFKEVGFURGGFVJGPTGVWTPVQUVGR
1VJGTYKUG

 7RFCVGVJGJKUVQT[VGTOUQH'S
D
DHQTFCPFSCZGUCPF
DHQTVJGPGZVVKOGUVGR

 6TCPUHQTOVJGCTOCVWTGEWTTGPVUHTQOFSSWCPVKVKGUVQRJCUGSWCPVKVKGUYKVJ'S

QPN[KHVJG
YKPFKPIUCTGCEYKPFKPIU

 (KPFVJGHKPCNUQNWVKQPQHVJGEQORNGVGPGVYQTMD[UWRGTKORQUKPIVJGGHHGEVUQHVJGCTOCVWTGEWTTGPVUQH


 VJGHKGNFUVTWEVWTGEWTTGPVU
KHVJG[JCXGGZVGTPCNN[EQPPGEVGFPGVYQTMUCPFQHVJGEWTTGPVTGRTGUGPVKPIVJG
GNGEVTQOCIPGVKEVQTSWGKPVJGPGVYQTMHQTVJGOGEJCPKECNU[UVGOYKVJ'S
QH5GEVKQP

 2TQEGGFVQVJGPGZVVKOGUVGR
5KPEGVJGXCTKCDNGUQHVJGOGEJCPKECNU[UVGOWUWCNN[EJCPIGOWEJUNQYGTVJCPVJGGNGEVTKECNXCTKCDNGU
DGECWUGQHVJGTGNCVKXGN[NCTIGOQOGPVQHKPGTVKCQHRTCEVKECNOCEJKPGUVJGRTGFKEVKQPQHVJGURGGFKUHCKTN[IQQF
#UCEQPUGSWGPEGVJGPWODGTQHKVGTCVKQPUV[RKECNN[NKGUDGVYGGPCPF
+PVGTHCEKPI VJG UQNWVKQP QH VJG OCEJKPG GSWCVKQPU YKVJ VJG UQNWVKQP QH VJG GNGEVTKE PGVYQTM VJTQWIJ
EQORGPUCVKQPQHHGTUVJGCFXCPVCIGVJCVVJGKVGTCVKQPUCTGEQPHKPGFVQVJGOCEJKPGGSWCVKQPUQPN[(WTVJGTOQTGKH
CUOCNNVQNGTCPEGKUWUGFHQTEJGEMKPIVJGCEEWTCE[QHVJGURGGFVJGUQNWVKQPKURTCEVKECNN[HTGGQHCP[KPVGTHCEKPI
GTTQT
6JGQPN[NKOKVCVKQPQHVJGEQORGPUCVKQPOGVJQFKUVJGHCEVVJCVVJGWPKXGTUCNOCEJKPGUOWUVDGUGRCTCVGF
HTQOGCEJQVJGTCPFHTQOQVJGTEQORGPUCVKQPDCUGFPQPNKPGCTGNGOGPVUVJTQWIJFKUVTKDWVGFRCTCOGVGTNKPGUYKVJ
VTCXGNVKOG5VWDNKPGUECPDGWUGFVQKPVTQFWEGUWEJUGRCTCVKQPUCTVKHKEKCNN[DWVUWEJUVWDNKPGUETGCVGVJGKTQYP
RTQDNGOU$GECWUGQHVJKUNKOKVCVKQPCUGEQPFUQNWVKQPQRVKQPJCUDGGPFGXGNQRGFCUFGUETKDGFKPVJGPGZVUGEVKQP

6TCPUKGPV5QNWVKQPYKVJ#TOCVWTG(NWZ2TGFKEVKQP

+P VJG VTCPUKGPV UQNWVKQP QH VJG U[PEJTQPQWU OCEJKPG QH 5GEVKQP  GUUGPVKCNN[ XQNVCIG UQWTEGU DGJKPF
TGUKUVCPEGU4CCPFCXGTCIGUWDVTCPUKGPVKPFWEVCPEGU
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6JGRTGFKEVKQPDCUGFKPVGTHCEGQRVKQPHQTVJGWPKXGTUCNOCEJKPGCNUQWUGUXQNVCIGUQWTEGUYKVJGNGOGPVUQH
RTGFKEVKQPKPVJGODWVLWUVDGJKPFTGUKUVCPEGU4CYKVJPQKPFWEVCPEGRCTV
(KI+HYGVJKPMQH4CCUDGNQPIKPI
VQVJGGNGEVTKEPGVYQTMCPFPQVVQVJGOCEJKPGVJGP'S

(KI6JGXGPKPGSWKXCNGPV
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XF 8F &T8S
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6JGTGHQTGVJGHNWZGUCTGEJQUGPCUXCTKCDNGUUWKVCDNGHQTRTGFKEVKQP(WTVJGTOQTGVJGHNWZGU8F8SQHKPFWEVKQP
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VTCPUHQTOCVKQPQH'S
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RJCUGSWCPVKVKGUFKTGEVN[VQVJGFUSUCZGUQHVJGU[PEJTQPQWUN[TQVCVKPITGHGTGPEGHTCOG6JCVOGCPUVJCVF$FV
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XFU 8FU &TU8SU

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HTCOGECPPQVDGWUGFDGECWUGVJCVYQWNFOCMGVJGKPFWEVCPEGUVKOGFGRGPFGPVTCVJGTVJCPEQPUVCPV
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XQC
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9KVJCNNSWCPVKVKGUQPVJGTKIJVJCPFUKFGMPQYP
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XQNVCIGUCTGPQYMPQYPVQQCPFECPDGVTCPUHQTOGFDCEMVQRJCUGSWCPVKVKGUYKVJ

X
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TUV UKP
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X
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6JGTGRTGUGPVCVKQPQHVJGWPKXGTUCNOCEJKPGCUVJTGGXQNVCIGUQWTEGUX
VX
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VDGJKPFTGUKUVCPEGU4C


KPVJGEQORNGVGGNGEVTKEPGVYQTMKUQPN[WUGFQPVJGCTOCVWTGUKFGYJGTGCUEQORGPUCVKQPDCUGFKPVGTHCEGUCTGUVKNN
OCKPVCKPGFHQTVJGHKGNFUVTWEVWTGYKPFKPIUCPFHQTVJGOGEJCPKECNU[UVGO9KVJVJKUKPOKPFVJGUQNWVKQPRTQEGUU
YQTMUTQWIJN[CUHQNNQYU

 9KVJVJGWPKXGTUCNOCEJKPGTGRTGUGPVGFCUXQNVCIGUQWTEGUDGJKPF4C
KORNGOGPVGFCUEWTTGPVUQWTEGUKP
RCTCNNGNYKVJ4CKPVJG'/62UQNXGVJGEQORNGVGGNGEVTKEPGVYQTM'ZVTCEVHTQOVJKUUQNWVKQPVJG6JGXGPKP
GSWKXCNGPVQRGPEKTEWKVXQNVCIGUQH'S
KHVJGTGCTGCP[GZVGTPCNPGVYQTMUEQPPGEVGFVQVJGHKGNF
UVTWEVWTGYKPFKPIU
UGG5GEVKQPHQTFGVCKNUCDQWVVJTGGRJCUGEQORGPUCVKQPQPVJGHKTUVVJTGGYKPFKPIU
CPFUKPINGRJCUGEQORGPUCVKQPQPVJGTGUV'ZVTCEVCUYGNNVJGQRGPEKTEWKVXQNVCIGUQHVJGPGVYQTMYJKEJ
TGRTGUGPVUVJGOGEJCPKECNU[UVGO

 'ZGEWVGUVGRU
VQ
QHVJGEQORGPUCVKQPDCUGFRTQEGFWTGFGUETKDGFKPVJGRTGEGFKPI5GEVKQPGZEGRV
VJCVVJGCTOCVWTGEWTTGPVUKKK
CPFKFKSKQCCHVGTVTCPUHQTOCVKQPYKVJ=6?CTGPQYMPQYPHTQOUVGR

CPFWUGFFKTGEVN[KPRNCEGQHVJG6JGXGPKPGSWCVKQPU
HQTVJGCTOCVWTGRCTV6JGECNEWNCVKQPUHQT
VJGQVJGTRCTVUTGOCKPWPEJCPIGF

 4QVCVGVJGCTOCVWTGHNWZGU8F8S8QCHTQOVJGFSCZGUVQVJGU[PEJTQPQWUN[TQVCVKPIFUSUCZGU

8FU EQU
TUV&$ &UKP
TUV&$  8F
8SU ' UKP
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TUV&$  8S

8QC    8QC

CPFWUGVJGOVQRTGFKEVVJGXQNVCIGUQWTEGUHQTVJGPGZVVKOGUVGRYKVJ'S
VQ
0QVGVJCVPQ
RTGFKEVKQPUHQTVJGURGGFCPFCPINGCTGPGGFGFJGTG

 2TQEGGFVQ
VQHKPFVJGUQNWVKQPCVVJGPGZVVKOGUVGR
'ZRGTKGPEGJCUUJQYP=?VJCVVJKUKPVGTHCEKPIQRVKQPKUCUCEEWTCVGCUVJGEQORGPUCVKQPDCUGFKPVGTHCEG
QH5GEVKQP+VCNUQTGSWKTGUNGUUEQORWVCVKQPVKOG+VUPWOGTKECNUVCDKNKV[ECPDGRCTVN[CVVTKDWVGFVQVJGDCEMYCTF
'WNGTOGVJQFKP'S
#UUJQYPKP#RRGPFKZ+VJGDCEMYCTF'WNGTOGVJQFKUKFGPVKECNVQVJGVTCRG\QKFCN
TWNG QH KPVGITCVKQPYKVJETKVKECNFCORKPICPFKUVJGTGHQTGCDUQNWVGN[PWOGTKECNN[UVCDNG*QYGXGT'S

KPXQNXGURTGFKEVKQPUCUYGNNCPFVJGEQORCTKUQPKUVJGTGHQTGPQVEQORNGVGN[EQTTGEV

5CVWTCVKQP

5CVWTCVKQPGHHGEVUCTGQPN[TGRTGUGPVGFHQTVJGOCKPHNWZ
/FKP(KIGZEGRVHQTVJGURGEKCNKPFWEVKQP
OCEJKPGOQFGNQH1PVCTKQ*[FTQYJKEJKPENWFGUUCVWTCVKQPGHHGEVUKPVJGNGCMCIGHNWZGUCUYGNN
6JGUCVWTCVKQPEWTXGQHVJGWPKXGTUCNOCEJKPGKUCRRTQZKOCVGFCUVYQRKGEGYKUGNKPGCTUGIOGPVUHQTVJGF
CZKUVJGSCZKUQTHQTDQVJ
(KI$[WUKPIVJGUVCTEKTEWKVQH(KI


 (KI2KGEGYKUGNKPGCTKPFWEVCPEG

VJGRKGEGYKUGNKPGCTTGRTGUGPVCVKQPECPGCUKN[DGKORNGOGPVGF9JGPGXGTVJGHNWZNKGUCDQXGVJGMPGGRQKPVXCNWG
8MPGGVJGTGNCVKQPUJKRQH'S
DKPVJGHQTOQH

8O F ' /F KO F
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KUUKORN[TGRNCEGFD[

8OF ' 8UCV % /F&UCV KOF

D

QPVJGFKTGEVCZKUCPFCPCNQIQWUQPVJGSWCFTCVWTGCZKU
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XCNWGQHVJGHNWZKUNGUUVJCP8TGUKFWCNVJGPVJG/FDTCPEJKUQRGPEKTEWKVGF

KOF '  KH *8OF*  8TGUKFWCN

C
8OF ' 8TGUKFWCN % /F KOF KH 8TGUKFWCN # *8OF* # 8MPGG
D

CPF

8OF ' 8UCV % /F&UCV KOF KH *8OF* 8MPGG

E


 (KI4GUKFWCNHNWZ

6 J G
FGEQWRNGFCRRTQCEJQHFCPFSCZKUUCVWTCVKQPYQTMUTGCUQPCDN[YGNNHQTUCNKGPVRQNGU[PEJTQPQWUOCEJKPGUCPF
HQTFEOCEJKPGUYKVJCFGHKPKVGHKGNFEQKNKPQPGCZKU*QYGXGTYJGPDQVJVJGCTOCVWTGCPFHKGNFUVTWEVWTGUCTG
TQWPFYKVJPQRTQPQWPEGFUCNKGPE[CUKPOQUVKPFWEVKQPOCEJKPGUCPFKPTQWPFTQVQTU[PEJTQPQWUOCEJKPGUVJGP
VJKUFGEQWRNGFCRRTQCEJNGCFUVQWPCEEGRVCDNGTGUWNVU6JGTGHQTGCVQVCNUCVWTCVKQPQRVKQPKUCXCKNCDNGYJKEJWUGU
CUQNWVKQPOGVJQFXGT[UKOKNCTVQVJCVFKUEWUUGFKP5GEVKQP


 59+6%*'5

#P[UYKVEJKPIQRGTCVKQPKPCRQYGTU[UVGOECPRQVGPVKCNN[RTQFWEGVTCPUKGPVU(QTVJGUKOWNCVKQPQHUWEJ
VTCPUKGPVUKVKUPGEGUUCT[VQOQFGNVJGXCTKQWUUYKVEJKPIFGXKEGUUWEJCU
EKTEWKVDTGCMGTU
NQCFDTGCMGTU
FEEKTEWKVDTGCMGTU
FKUEQPPGEVQTU
RTQVGEVKXGICRU
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5QHCTCNNVJGUGUYKVEJKPIFGXKEGUCTGTGRTGUGPVGFCUKFGCNUYKVEJGUKPVJG'/62YKVJ\GTQEWTTGPV
44KPVJG
QRGPRQUKVKQPCPF\GTQXQNVCIG
4KPVJGENQUGFRQUKVKQP+HVJGUYKVEJDGVYGGPPQFGUMCPFOKUQRGPVJGP
DQVJPQFGUCTGTGRTGUGPVGFKPVJGU[UVGOQHPQFCNGSWCVKQPUYJGTGCUHQTVJGENQUGFUYKVEJDQVJMCPFODGEQOG
QPGPQFG
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CQRGP
DENQUGF

(KI4GRTGUGPVCVKQPQHUYKVEJGUKPVJG'/62

RQUUKDNGQHEQWTUGVQCFFQVJGTDTCPEJGUVQVJGKFGCNUYKVEJVQOQTGENQUGN[TGUGODNGVJGRJ[UKECNDGJCXKQTGI
VQCFFCECRCEKVCPEGHTQOMVQOHQTVJGTGRTGUGPVCVKQPQHVJGUVTC[ECRCEKVCPEGQTVJG4%ITCFKPIPGVYQTMQHCP
CEVWCNEKTEWKVDTGCMGT6JGEJCTCEVGTKUVKEUQHVJGCTEKPVJGEKTEWKVDTGCMGTCTGPQV[GVOQFGNNGFDWVYQTMKUKP
RTQITGUUVQKPENWFGVJGOKPHWVWTGXGTUKQPU
5YKVEJGUCTGPQVPGGFGFHQTVJGEQPPGEVKQPQHXQNVCIGCPFEWTTGPVUQWTEGUKHVJG[CTGEQPPGEVGFVQVJG
PGVYQTMCVCNNVKOGU6JGUQWTEGRCTCOGVGTU656#46CPF65612ECPDGWUGFKPRNCEGQHUYKVEJGUVQJCXGEWTTGPV
UQWTEGUVGORQTCTKN[EQPPGEVGFHQT656#46#V#65612CUGZRNCKPGFKP5GEVKQP(QTXQNVCIGUQWTEGUVJKUFGHKPKVKQP
YQWNFOGCPVJCVVJGXQNVCIGKU\GTQHQTV656#46CPFHQTV 65612YJKEJKORNKGUCUJQTVEKTEWKVTCVJGTVJCPC
FKUEQPPGEVKQP6JGTGHQTGUYKVEJGUCTGPGGFGFVQFKUEQPPGEVXQNVCIGUQWTEGU
5YKVEJGUCTGCNUQWUGFVQETGCVGRKGEGYKUGNKPGCTGNGOGPVUCUFKUEWUUGFKP5GEVKQP

$CUKE5YKVEJ6[RGU


 6JGTGCTGHKXGDCUKEUYKVEJV[RGUKPVJG'/62YJKEJCTGCNNOQFGNNGFCUKFGCNUYKVEJGU6JG[FKHHGTQPN[
KPVJGETKVGTKCDGKPIWUGFVQFGVGTOKPGYJGPVJG[UJQWNFQRGPQTENQUG

6KOG%QPVTQNNGF5YKVEJ
6JKUV[RGKUKPVGPFGFHQTOQFGNNKPIEKTEWKVDTGCMGTUFKUEQPPGEVQTUCPFUKOKNCTUYKVEJKPIFGXKEGUCUYGNN
CUUJQTVEKTEWKVU6JGUYKVEJKUQTKIKPCNN[QRGPCPFENQUGUCV6%.15'+VQRGPUCICKPCHVGT612'0
KHVOCZGKVJGT
CUUQQPCUVJGCDUQNWVGXCNWGQHVJGUYKVEJEWTTGPVHCNNUDGNQYCWUGTFGHKPGFEWTTGPVOCTIKPQTCUUQQPCUVJG
EWTTGPVIQGUVJTQWIJ\GTQ
FGVGEVGFD[CUKIPEJCPIGCUKPFKECVGFKP(KI(QTVJGUKOWNCVKQPQHEKTEWKV
DTGCMGTUVJGNCVVGTETKVGTKQPHQTQRGPKPIUJQWNFPQTOCNN[DGWUGF6JGVKOGDGVYGGPENQUKPICPFQRGPKPIECPDG
FGNC[GFD[CWUGTFGHKPGFVKOGFGNC[

CEWTTGPVIQKPIVJTQWIJ\GTQ
DEWTTGPVNGUUVJCPOCTIKP

(KI1RGPKPIQHVKOGEQPVTQNNGFUYKVEJ

6JGENQUKPIVCMGURNCEGCVVJGVKOGUVGRPGCTGUVVQ6%.15'KPVJG7$%XGTUKQP
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CCPFCVVJGVKOG
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(KI
D

C7$%XGTUKQP
D$2#XGTUKQP

(KI%NQUKPIQHVKOGEQPVTQNNGFUYKVEJ


 6%.15'UKIPCNUVQVJG'/62VJCVVJGUYKVEJUJQWNFDGENQUGFHTQOVJGXGT[DGIKPPKPI+HVJGUKOWNCVKQP
UVCTVUHTQOCWVQOCVKECNN[ECNEWNCVGFCEUVGCF[UVCVGEQPFKVKQPUVJGPVJGUYKVEJYKNNDGTGEQIPK\GFCUENQUGFKPVJG
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6JG$2#'/62JCUCPCFFKVKQPCNVKOGEQPVTQNNGFUYKVEJV[RG
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6JKUUYKVEJKUWUGFVQUKOWNCVGRTQVGEVKXGICRUICRUKPUWTIGCTTGUVGTUHNCUJQXGTUCETQUUKPUWNCVQTUGVE
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CUVJGCDUQNWVGXCNWGQHVJGXQNVCIGCETQUUVJGUYKVEJGZEGGFUCWUGTFGHKPGFDTGCMFQYPQTHNCUJQXGTXQNVCIG(QT
VJKU EJGEMKPI RTQEGFWTG VJG XQNVCIG XCNWGU CTG CXGTCIGF QXGT VJG NCUV VYQ VKOG UVGRU VQ HKNVGT QWV PWOGTKECN
QUEKNNCVKQPU1RGPKPIQEEWTUCVVJGHKTUVEWTTGPV\GTQRTQXKFGFCWUGTFGHKPGFFGNC[VKOGJCUCNTGCF[GNCRUGF6JKU
ENQUGQRGPE[ENGTGRGCVUKVUGNHYJGPGXGTVJGXQNVCIGGZEGGFUVJGDTGCMFQYPQTHNCUJQXGTXQNVCIGCICKPCUKPFKECVGF
KP(KI

(KI4GRGVKVKQPQHENQUGQRGPQRGTCVKQPHQTICRUYKVEJ

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EQPUVCPVDWVFGRGPFUQPVJGUVGGRPGUUQHVJGKPEQOKPIYCXG6JKUFGRGPFGPEGKUWUWCNN[UJQYPKPVJGHQTOQHC
XQNVCIGVKOGEJCTCEVGTKUVKE
(KIYJKEJECPDGOGCUWTGFKPVJGNCDQTCVQT[HQTUVCPFCTFKORWNUGYCXGUJCRGU
7PHQTVWPCVGN[VJGYCXGUJCRGUQHRQYGTU[UVGOVTCPUKGPVUCTGWUWCNN[XGT[KTTGIWNCTCPFXQNVCIGVKOGEJCTCEVGTKUVKEU
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V
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X
V & XM FV

mV


 (KI8QNVCIGVKOGEJCTCEVGTKUVKEQHCICR

EQWNFGCUKN[DGKORNGOGPVGF+P'S
XQCPFMCTGEQPUVCPVUCPFDTGCMFQYPQEEWTUCVKPUVCPVVYJGTGVJG
KPVGITCNXCNWG(DGEQOGUGSWCNVQCWUGTFGHKPGFXCNWG=?(QTMVJKUKUVJGGSWCNCTGCETKVGTKQPQH&-KPF
=?0GKVJGTVJGXQNVCIGVKOGEJCTCEVGTKUVKEPQT'S
JCUDGGPKORNGOGPVGFUQHCT
6JG $2# '/62 JCU CP CFFKVKQPCN ICR UYKVEJ V[RG
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DTGCMFQYPQTHNCUJQXGTKUEQPVTQNNGFD[CHKTKPIUKIPCNTGEGKXGFHTQOVJG6#%5RCTVQHVJG'/62
5GEVKQP
9KVJVJCVHGCVWTGXQNVCIGVKOGEJCTCEVGTKUVKEUQTETKVGTKCKPVJGHQTOQH'S
ECPDGUKOWNCVGFKP6#%5D[
UMKNNGFWUGTU

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6JKUUYKVEJKUWUGFVQUKOWNCVGFKQFGUYJGTGEWTTGPVECPHNQYKPQPN[QPGFKTGEVKQPHTQOCPQFGOVQ
ECVJQFGM
(KI6JGFKQFGUYKVEJENQUGUYJGPGXGTXO$XM
XQNVCIGXCNWGUCXGTCIGFQXGTVYQUWEEGUUKXGVKOG
UVGRUVQHKNVGTQWVPWOGTKECNQUEKNNCVKQPUCPFQRGPUCHVGTVJGGNCRUGQHCWUGTFGHKPGFVKOGFGNC[CUUQQPCUVJG
EWTTGPVKOMDGEQOGUPGICVKXGQTCUUQQPCUKVUOCIPKVWFGDGEQOGUNGUUVJCPCWUGTFGHKPGFOCTIKP

(KI&KQFGUYKVEJ

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6JKUUYKVEJKUVJGDWKNFKPIDNQEMHQT*8&%EQPXGTVGTUVCVKQPU+VDGJCXGUUKOKNCTN[VQVJGFKQFGUYKVEJ
GZEGRVVJCVVJGENQUKPICEVKQPWPFGTVJGEQPFKVKQPQHXO$XMQPN[VCMGURNCEGKHCHKTKPIUKIPCNJCUDGGPTGEGKXGFHTQO
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6JGPGGFHQTVJGOGCUWTKPIUYKVEJCTQUGDGECWUGVJG'/62FQGUPQVECNEWNCVGEWTTGPVUHQTEGTVCKPV[RGU
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DTCPEJGUYKVJNWORGFQTFKUVTKDWVGFRCTCOGVGTU6JGWRFCVKPIRTQEGFWTGUEQWNFDGEJCPIGFHCKTN[GCUKN[VQQDVCKP
VJGEWTTGPVUCUCPCNVGTPCVKXGVQVJGOGCUWTKPIUYKVEJ

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KUCNYC[UCUJQTVRGTKQFFWTKPIYJKEJVJGNKPGKUQPN[ENQUGFQTTGENQUGFHTQOQPGGPFYKVJVJGQVJGTGPFUVKNNQRGP
6TCXGNNKPIYCXGUCTGVJGPTGHNGEVGFCVVJGQRGPGPFYKVJVJGYGNNMPQYPFQWDNKPIGHHGEVCPFVTCPUKGPVQXGTXQNVCIGU
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C VJGNKPGKUVJTGGRJCUGYKVJVJTGGFKHHGTGPVOQFGRTQRCICVKQPXGNQEKVKGU

D VJGPGVYQTMQPVJGUQWTEGUKFGQHVJGEKTEWKVDTGCMGTOC[DGHCKTN[EQORNKECVGFCPFECPVJGTGHQTG
ETGCVGTCVJGTEQORNKECVGFTGHNGEVKQPU

E VJGNKPGECRCEKVCPEGOC[UVKNNDGEJCTIGFWRHTQOCRTGEGFKPIQRGPKPIQRGTCVKQP
VTCRRGFEJCTIG
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F VJGOCIPKVWFGQHVJGQXGTXQNVCIGFGRGPFUQPVJGKPUVCPVQHENQUKPI
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G VJGVJTGGRQNGUFQPQVENQUGUKOWNVCPGQWUN[
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RQUUKDNGUYKVEJKPIUWTIGQXGTXQNVCIGDGECWUGVJCVRCTVKEWNCTGXGPVJCUCNQYRTQDCDKNKV[QHGXGTQEEWTTKPICPF
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6JGYKVJUVCPFXQNVCIGQHKPUWNCVQTUFQGUPQVQPN[FGRGPFQPVJGRGCMXCNWGDWVQPVJGYCXGUJCRGCUYGNN(QT
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WUGT+PCFFKVKQPVQENQUKPIVKOGXCTKCVKQPUQHGCEJKPFKXKFWCNUYKVEJCTCPFQOFGNC[ECPDGCFFGFYJKEJKUVJG
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CTGQPN[CHGYEQODKPCVKQPUQHRJCUGUGSWGPEGUKPYJKEJVJGVJTGGRQNGUQHCVJTGGRJCUGEKTEWKVECPKPVGTTWRV+V
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C KPKVKCNTGFWEVKQP
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CTGCFFGFVQHQTOQPGPGYTQYCPFEQNWOPWUKPIVJGJKIJGTPQFGPWODGTDGVYGGPMCPFOCPFVJGQVJGTTQYCPF
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TGVCKPGFJKIJGTPQFGPWODGT
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6JKUUEJGOGYQTMUYGNNKHVJGPGVYQTMEQPVCKPUQPN[CHGYUYKVEJGU+HVJGTGCTGOCP[UYKVEJGUCUKP*8&%
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YQWNFTGSWKTGVJGCFFKVKQPQHVJTGGTQYUCPFEQNWOPU
VQEQNNCRUGVJTGGPQFGUKPVQQPG6JKUTGUVTKEVKQPPQNQPIGT
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6JGEWTTGPVECNEWNCVKQPHQTENQUGFUYKVEJGUKPVJGVKOGUVGRNQQRWUGUVJGTQYQHGKVJGTPQFGMQTOKPVJG
TGFWEGFOCVTKZ
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DTCPEJGUEQPPGEVGFVQMQTOYJKEJOWUVDGGSWCNVQVJGUYKVEJEWTTGPV+PVJGCEUVGCF[UVCVGUQNWVKQPVJGUYKVEJ


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VJGUNQRGQHRKGEGYKUGNKPGCTGNGOGPVUEJCPIGU6JGEWTTGPVKUECNEWNCVGFHTQOVJGQTKIKPCNTQYQTGKVJGTPQFGMQT
OYKVJCNNUYKVEJGUQRGPYKVJVJGRTQRGTTKIJVJCPFUKFG
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VJGTGHQTGPQVDGCNNQYGF#NUQCUYKVEJECPPQVEQPPGEVVYQXQNVCIGUQWTEGUVQIGVJGTYJKEJKUWPTGCNKUVKECP[JQY
DGECWUGKVYQWNFETGCVGCPKPHKPKVGEWTTGPV6JGUYKVEJEWTTGPVUCTGPQYECNEWNCVGFKPVJGCEUVGCF[UVCVGUQNWVKQP
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FKHHGTUQOGYJCVHTQOVJGWUGTURGEKHKGFVKOG6%.15'CUGZRNCKPGFKP(KI
6JGPGVYQTMYKNNCNTGCF[JCXGDGGPUQNXGFYKVJVJGUYKVEJUVKNNQRGPYJGPVJGFGEKUKQPKUOCFGVQENQUG
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VKOG#UGZRNCKPGFKP#RRGPFKZ++OGVJQFUCTGPQYMPQYPVQTGKPKVKCNK\GCV6 DWVVJG[JCXGPQV[GVDGGP
KORNGOGPVGFKPVJG'/62

5YKVEJ1RGPKPI
6JGVTGCVOGPVQHUYKVEJQRGPKPIKPVJGUQNWVKQPKUUKOKNCTVQVJCVQHUYKVEJENQUKPI#ICKPVJGPGVYQTMYKNN
CNTGCF[JCXGDGGPUQNXGFYKVJVJGUYKVEJUVKNNENQUGFYJGPVJGFGEKUKQPKUOCFGVQQRGPVJGUYKVEJCVVKOG66Q
GZRNCKPVJGVTCPUKVKQPHTQO6VQ6 )V(KIECPCICKPDGWUGFCNNXQNVCIGCPFEWTTGPVUCVV6YKNNDGVJG
RTGEJCPIGXCNWGUCPFCHVGTVJGUGXCNWGUJCXGDGGPQDVCKPGFVJGOCVTKZYKNNDGTGDWKNVCPFTGVTKCPIWNCTK\GFHQT
VJGRQUVEJCPIGEQPHKIWTCVKQP#NNXCTKCDNGUCTGVJGPCUUWOGFVQXCT[NKPGCTN[TCVJGTVJCPCDTWRVN[KPVJGVTCPUKVKQP
HTQO6VQ6 )V
#UCNTGCF[GZRNCKPGFKP5GEVKQPPQVTGKPKVKCNK\KPIVJGXCTKCDNGUCV6YKVJCUGEQPFRQUVEJCPIG
UQNWVKQP ETGCVGU PWOGTKECN QUEKNNCVKQPU KP VJG XQNVCIGU CETQUU KPFWEVCPEGU  6JG[ ECP DG RTGXGPVGF YKVJ VJG TG
KPKVKCNK\CVKQP OGVJQF QH #RRGPFKZ ++ YJKEJ JCU PQV [GV DGGP KORNGOGPVGF KP VJG '/62 QT YKVJ VJG FCORKPI
TGUKUVCPEGUFKUEWUUGFKP5GEVKQP(QTOCP[[GCTUKVYCUVJQWIJVVJCVVJGPWOGTKECNQUEKNNCVKQPUQEEWTQPN[
DGECWUG VJG EWTTGPV KU PGXGT GZCEVN[ \GTQ YJGP VJG UYKVEJ QRGPU YKVJ C TGUKFWCN GPGTI[ .
)K NGHV KP VJG
KPFWEVCPEG+VKUPQYMPQYPVJCVVJG[CNUQQEEWTKH)K&GETGCUKPI)VYKNNPQVEWTGVJGQUEKNNCVKQPUGKVJGT
6JGTG CTGECUGUYJGTGVJGPWOGTKECNQUEKNNCVKQPKPRNCEGQHVJGEQTTGEVUWFFGPLWORECPUGTXGCUCP
KPFKECVQTQHKORTQRGTOQFGNNKPI#PGZCORNGKUVTCPUKGPVTGEQXGT[XQNVCIGUVWFKGUYJGTGCUWFFGPLWORKPXQNVCIG
YQWNFKPFKECVGVJCVVJGRTQRGTUVTC[ECRCEKVCPEGUCTGOKUUKPIHTQOVJGOQFGN(KIUJQYUCUKORNGGZCORNG
DQVJUYKVEJGU+CPF++KPVJGPGVYQTMQH(KI
CCTGENQUGFCVVVQEJCTIGVJGECRCEKVQT5YKVEJ++QRGPU
YJGPVJGECRCEKVQTKUEJCTIGFWRCPFYJGPVJGEWTTGPVKUOQTGQTNGUU\GTQ(KI
DUJQYUVJGPWOGTKECN
QUEKNNCVKQPUKPVJGXQNVCIGXQPVJGHGGFKPIPGVYQTMUKFG$[CFFKPICUVTC[ECRCEKVCPEGVQVJGNGHVUKFGQHVJGUYKVEJ
CUKNNWUVTCVGFKP(KI
EVJGVTCPUKGPVTGEQXGT[XQNVCIGQPVJGHGGFKPIUKFGYQWNFPQNQPIGTJCXGVJGWPTGCNKUVKE
LWORCUUJQYPKP(KI
F

#TE2JGPQOGPCKP%KTEWKV$TGCMGTU

9JGPVJGEQPVCEVUQHCEKTEWKVDTGCMGTQRGPVJG[FTCYCPGNGEVTKECTEYJKEJOCKPVCKPUVJGEWTTGPVHNQYWPVKN
KPVGTTWRVKQPVCMGURNCEGCVEWTTGPV\GTQ+PJKIJXQNVCIGEKTEWKVDTGCMGTUVJGCTETGUKUVCPEGKUPGINKIKDN[UOCNNKH
PQTOCNNQCFEWTTGPVUQTJKIJUJQTVEKTEWKVEWTTGPVUCTG



CPGVYQTM

DXQNVCIGCETQUUKPFWEVCPEG

EOQFKHKGFPGVYQTM



FXQNVCIGCETQUUKPFWEVCPEG

(KI%CRCEKVQTEJCTIKPICPFFKUEJCTIKPI

KPVGTTWRVGF+PVJGKPVGTTWRVKQPQHUOCNNKPFWEVKXGEWTTGPVU
GIKPUYKVEJKPIQHHCPWPNQCFGFVTCPUHQTOGTVJGCTE
TGUKUVCPEGKUJKIJGTDGECWUGQHVJGHCNNKPICTEEJCTCEVGTKUVKECPFOC[DGKORQTVCPVKPFGEKFKPIYJGVJGTEWTTGPV
KPVGTTWRVKQPKUUWEEGUUHWNQTPQV+OOGFKCVGN[CHVGTEWTTGPVKPVGTTWRVKQPCVTCPUKGPVTGEQXGT[XQNVCIGDWKNFUWRCETQUU
VJGEQPVCEVUYJKEJECPNGCFVQTGKIPKVKQPKHKVGZEGGFUVJGFKGNGEVTKEUVTGPIVJYJKEJTGCRRGCTUCUVJGICRDGVYGGP
VJGEQPVCEVUKUDGKPIFGKQPK\GF
6JGTGKUPQEKTEWKVDTGCMGTCTEOQFGNKPVJG'/62PQYDWVYQTMKUKPRTQITGUUVQCFFQPG5VCVKECTE
OQFGNUCTGPQVIQQFGPQWIJCPFFKHHGTGPVKCNGSWCVKQPUFGUETKDKPIVJGCTEOWUVDGWUGFKPUVGCF/QUVGZRGTVU
YQTMKPIQPEWTTGPVKPVGTTWRVKQPRTQDNGOUWUGCOQFKHKECVKQPQHCPGSWCVKQPHKTUVRTQRQUGFD[/C[TQHVJGHQTO

FI  K

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FV J
I 2
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YJGTG
ICTEEQPFWEVCPEG
KCTEEWTTGPV
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VEQPFWEVCPEGFGRGPFGPVVKOGEQPUVCPV
2
IEQPFWEVCPEGFGRGPFGPVJGCVFKUUKRCVKQP
6JG RCTCOGVGTUJ
VCPF2
ICTGFGRGPFGPVQPVJGEJCTCEVGTKUVKEUQHVJGRCTVKEWNCTEKTEWKVDTGCMGT#FGVCKNGF
KPXGUVKICVKQPKPVQVJGWUGHWNPGUUQHXCTKQWUCTEGSWCVKQPUKURTGUGPVN[DGKPIFQPGD[%+)4'9QTMKPI)TQWR



2TCEVKECN#RRNKECVKQPQH#TE2J[UKEUKP%KTEWKV$TGCMGTU
+HJKIJHTGSWGPE[QUEKNNCVKQPUFGXGNQRKPVJGCTEEWTTGPVRTKQTVQKPVGTTWRVKQPCUVJG[UQOGVKOGUFQKP
UYKVEJKPIQHHUOCNNKPFWEVKXGEWTTGPVUQTKPQVJGTEWTTGPVEJQRRKPIUKVWCVKQPUVJGPTGKIPKVKQPOC[QEEWTYKVJKP
E[ENGCHVGTEWTTGPVKPVGTTWRVKQP
VJGVGTOTGUVTKMGKUWUGFVQFGUETKDGTGUWORVKQPQHEWTTGPVEQPFWEVKQPKHKVQEEWTU
E[ENGQTNQPIGTCHVGTEWTTGPVKPVGTTWRVKQPYJKEJOQUVNKMGN[QEEWTUKPVJGKPVGTTWRVKQPQHECRCEKVKXGEWTTGPVU
(QT FGEKFKPI YJGVJGT TGKIPKVKQP QEEWTU VJG CTE GSWCVKQP QH 'S
 ECPPQV DG WUGF  +PUVGCF VJG VTCPUKGPV
TGEQXGT[XQNVCIGKUEQORCTGFCICKPVJGFKGNGEVTKEUVTGPIVJYJKEJKPETGCUGUCUCXQNVCIGKUEQORCTGFCICKPUVVJG
FKGNGEVTKEUVTGPIVJYJKEJKPETGCUGUCUCHWPEVKQPQHVKOGCPFKHKVGZEGGFUKVVJGPTGKIPKVKQPQEEWTU(QTVJG
DTGCMFQYPKVUGNH6QGRNGT UGSWCVKQPECPDGWUGFYJKEJKUQHVJGHQTO=?

 V
I ' K
W FW

M U m

YJGTG
MEQPUVCPV
UICRURCEKPI
KEWTTGPVKPICR
UVCTVKPIHTQOCPGZVTGOGN[UOCNNXCNWG
XXQNVCIGCETQUUICR


 574)'#44'56'45#0&2416'%6+8')#25

6QRTQVGEVIGPGTCVQTUVTCPUHQTOGTUECDNGU5(DCUUGUCPFQVJGTFGXKEGUCICKPUVNGXGNUQHQXGTXQNVCIGU
YJKEJEQWNFRGTOCPGPVN[FGUVTQ[VJGKTPQPUGNHTGUVQTKPIKPUWNCVKQPUWTIGCTTGUVGTUCTGKPUVCNNGFCUENQUGCURQUUKDNG
VQVJGRTQVGEVGFFGXKEG5JQTVEQPPGEVKQPUCTGKORQTVCPVVQCXQKFVJGFQWDNKPIGHHGEVQHVTCXGNNKPIYCXGUQPQRGP
GPFGF NKPGU GXGP KH VJG[ CTG UJQTV DWUUGU  5WTIG CTTGUVGTU JCXG PQTOCNN[ PQV DGGP WUGF HQT VJG RTQVGEVKQP QH
VTCPUOKUUKQPNKPGUDGECWUGQPGECPGCUKN[TGEQXGTHTQOKPUWNCVQTHNCUJQXGTUYKVJHCUVQRGPKPICPFTGENQUKPIQHEKTEWKV
DTGCMGTU
UGNHTGUVQTKPI KPUWNCVKQP  5QOG WVKNKVKGU CTG UVWF[KPI VJG RQUUKDKNKV[ QH WUKPI UWTIG CTTGUVGTU QP
VTCPUOKUUKQPNKPGUVQQVQNKOKVUYKVEJKPIUWTIGQXGTXQNVCIGU
2TQVGEVKXGICRUCTGUGNFQOWUGFPQYCFC[UGZEGRVKPVJGRTQVGEVKQPQHUGTKGUECRCEKVQTUVCVKQPU

2TQVGEVKXG)CRU

2TQVGEVKXGICRUCTGETWFGRTQVGEVKQPFGXKEGU6JG[EQPUKUVQHCKTICRUDGVYGGPGNGEVTQFGUQHXCTKQWUUJCRGU
'ZCORNGUCTGJQTPUQTTKPIUQPKPUWNCVQTUCPFDWUJKPIUQTTQFICRUQPQTPGCTVTCPUHQTOGTU6JG[FQRTQVGEV
CICKPUVQXGTXQNVCIGUD[EQNNCRUKPIVJGXQNVCIGVQRTCEVKECNN[\GTQCHVGTURCTMQXGTDWVVJG[GUUGPVKCNN[RTQFWEGCUJQTV
EKTEWKVYJKEJOWUVVJGPDGKPVGTTWRVGFD[EKTEWKVDTGCMGTU#NUQVJGKTXQNVCIGVKOGEJCTCEVGTKUVKE
(KITKUGU
UVGGRN[HQTHCUVHTQPVUYJKEJOCMGUVJGRTQVGEVKQPCICKPUVHCUVTKUKPIKORWNUGUSWGUVKQPCDNG
2TQVGEVKXGURCTMICRUCTGUVKNNWUGFVQRTQVGEVUGTKGUECRCEKVQTU6JGTGVJGURCTMQXGTFQGUPQVKPETGCUGVJG
VTCPUOKUUKQPNKPGEWTTGPVDWVCEVWCNN[TGFWEGUKVDGECWUGVJGNKPGKORGFCPEGKPETGCUGUYJGPVJGUGTKGUECRCEKVQTKU
D[RCUUGF  5KPEG VJGURCTMICRKUWPCDNGVQKPVGTTWRVVJGEWTTGPVCD[RCUUEKTEWKVDTGCMGTOWUVDGENQUGFVQ
GZVKPIWKUJVJGCTEKPVJGURCTMICR
(KI6JKUD[RCUUDTGCMGTOWUVDGQRGPGFCICKPKHVJGUGTKGUECRCEKVQT
KUVQDGTGKPUGTVGF+PVJGHWVWTGRTQVGEVKXGURCTMICRUOC[DGTGRNCEGFD[OGVCNQZKFGUWTIGCTTGUVGTU

(KI5GTKGUECRCEKVQTRTQVGEVKQPUEJGOG


 2TQVGEVKXGICRUCTGUKOWNCVGFKPVJG'/62YKVJVJGICRUYKVEJFKUEWUUGFKP5GEVKQP

5WTIG#TTGUVGTU

6JGTGCTGVYQDCUKEV[RGUQHUWTIGCTTGUVGTUPCOGN[UKNKEQPECTDKFGUWTIGCTTGUVGTUCPFOGVCNQZKFGUWTIG
CTTGUVGTU7PVKNCDQWV[GCTUCIQQPN[UKNKEQPECTDKFGCTTGUVGTUYGTGWUGFDWVVJGOGVCNQZKFGCTTGUVGTKUSWKEMN[
TGRNCEKPIVJGQNFGTV[RGVQVJGGZVGPVVJCVUQOGOCPWHCEVWTGTURTQFWEGQPN[OGVCNQZKFGCTTGUVGTUPQY

5KNKEQP%CTDKFG5WTIG#TTGUVGT
5KNKEQPECTDKFGCTTGUVGTUEQPUKUVQHCUKNKEQPECTDKFGTGUKUVQTYKVJCPQPNKPGCTXKEJCTCEVGTKUVKEKPUGTKGUYKVJ
C URCTM ICR
(KI6JGURCTMICREQPPGEVUVJGCTTGUVGTVQVJGU[UVGOYJGPVJGQXGTXQNVCIGGZEGGFUVJG
URCTMQXGTXQNVCIGCPFVJGTGUKUVQTNKOKVUVJGHQNNQYEWTTGPVCPFGPCDNGUVJGCTTGUVGTVQTGUGCN
KPVGTTWRVVJGEWTTGPV
KPVJGICR6QHCEKNKVCVGTGUGCNKPIUQECNNGFCEVKXGURCTMICRUJCXGDGGPFGUKIPGFKPYJKEJCPCTEXQNVCIGDWKNFU
WRCHVGTUQOGVKOG#TGUKUVQTDNQEMKPUGTKGUYKVJVJGICRKUPQVXGT[JKIJ
V[RKECNN[EOCPFVQRTQFWEGVJG
FGUKTGFURCTMQXGTXQNVCIGCPFPQPNKPGCTTGUKUVCPEGHQTCRCTVKEWNCTXQNVCIGNGXGNOCP[UWEJDNQEMUCTGUVCEMGF
VQIGVJGTKPCUGTKGUEQPPGEVKQP6QCEJKGXGTGCUQPCDN[WPKHQTO

(KI0QPNKPGCTEJCTCEVGTKUVKEQHCM8UKNKEQPECTDKFGUWTIGCTTGUVGT

XQNVCIG FKUVTKDWVKQP CNQPI VJG UVCEM RCTCNNGN 4% ITCFKPI PGVYQTMU CTG WUGF YJKEJ CTG PQTOCNN[ KIPQTGF KP
UKOWNCVKQPU
5KNKEQPECTDKFGCTTGUVGTUCTGOQFGNNGFKPVJG'/62CUCPQPNKPGCTTGUKUVCPEGKPUGTKGUYKVJCICRYJKEJJCU
CEQPUVCPVURCTMQXGTXQNVCIG+PTGCNKV[VJGURCTMQXGTXQNVCIGFGRGPFUQPVJGUVGGRPGUUQHVJGKPEQOKPIYCXGCU
UJQYPKP(KI=?5KPEGUWTIGUKPCU[UVGOJCXGXGT[KTTGIWNCTUJCRGUTCVJGTVJCPVJGNKPGCTTKUGWUGFKP


VJGOGCUWTGOGPVUQH(KIVJGUVGGRPGUUFGRGPFGPEGQHVJGURCTMQXGTXQNVCIGKUPQVGCU[VQKORNGOGPVCU
CNTGCF[ FKUEWUUGF KP 5GEVKQP   6JG PQPNKPGCT TGUKUVCPEG KP UGTKGU YKVJ VJG ICR KU GKVJGT UQNXGF YKVJ VJG
EQORGPUCVKQPOGVJQF
5GEVKQPQTYKVJVJGRKGEGYKUGNKPGCTTGRTGUGPVCVKQP
5GEVKQP
+PUKNKEQPECTDKFGUWTIGCTTGUVGTUYKVJEWTTGPVNKOKVKPIICRUCXQNVCIGDWKNFUWRCETQUUVJGICRCHVGT
VQzUYJKEJKUDGUVOQFGNNGFCUCPKPUGTVGFTCORV[RGXQNVCIGUQWTEG=?CUUJQYPKP(KI6JKUTCOR
XQNVCIGUQWTEGKUPQVRCTVQHVJG'/62CTTGUVGTOQFGNPQYDWVKVECPGCUKN[DGCFFGFCUCPGZVTCXQNVCIGUQWTEG
CHVGTQPGVTKCNTWPVQFGVGTOKPGYJGPURCTMQXGTQEEWTU6JKUICRXQNVCIGKUQPN[KORQTVCPVKPUYKVEJKPIUWTIG
UVWFKGU+PNKIJVPKPIUWTIGUVWFKGUKVECPDGKIPQTGFDGECWUGQHVJGVKOGFGNC[QHVQzU7UGHWN+'''
IWKFGNKPGUHQTOQFGNNKPIUKNKEQPECTDKFGCTTGUVGTUCTGHQWPFKP=?

C OGFKWOXQNVCIG
D JKIJXQNVCIGNKIJVPKPIUWTIGRTQVGEVKQP
E JKIJXQNVCIGNKIJVPKPICPFUYKVEJKPIUWTIGRTQVGEVKQP

(KI#TTGUVGTURCTMQXGTXQNVCIGVKOGEJCTCEVGTKUVKEHQTYCXGHTQPVUYKVJNKPGCTTKUG=?
4GRTKPVGFD[RGTOKUUKQPQH2NGPWO2WDNKUJKPI%QTRCPF$TQYP$QXGTK1GTNKMQP

+VKUFQWDVHWNYJGVJGTXGT[UQRJKUVKECVGFOQFGNUYKVJF[PCOKEEJCTCEVGTKUVKEUUWEJCUVJGV[RGOQFGTP
UV[NG5K%UWTIGCTTGUVGTDCUGFQP=?KPVJG$2#'/62CTGWUGHWNDGECWUGKVYQWNFDGCNOQUVKORQUUKDNGVQ
QDVCKPVJGTGSWKTGFFCVC$TCWPGT=?JCUFGXGNQRGFCOQFGNYKVJF[PCOKEEJCTCEVGTKUVKEUYKVJURGEKCNTGHGTGPEG
VQ)+5KPUWNCVKQPEQQTFKPCVKQPYJKEJCRRGCTUVQTGSWKTGNGUUFCVCVJCPVJGV[RGCTTGUVGT


 (KI#TTGUVGTICREJCTCEVGTKUVKE

/GVCN1ZKFG5WTIG#TTGUVGT
/GVCNQZKFGQT\KPEQZKFGUWTIGCTTGUVGTUCTGJKIJN[PQPNKPGCTTGUKUVQTUYKVJCPCNOQUVKPHKPKVGUNQRGKPVJG
PQTOCNXQNVCIGTGIKQPCPFCPCNOQUVJQTK\QPVCNUNQRGKPVJGQXGTXQNVCIGRTQVGEVKQPTGIKQPCUUJQYPKP(KI
6JG[YGTGQTKIKPCNN[ICRNGUUDWVUQOGOCPWHCEVWTGTU

(KI8QNVCIGEWTTGPVEJCTCEVGTKUVKEQHCM8ICRNGUUOGVCNQZKFGUWTIG
CTTGUVGT=?l+'''

JCXGTGKPVTQFWEGFICRUKPVQVJGFGUKIP+VUPQPNKPGCTTGUKUVCPEGKUTGRTGUGPVGFD[CRQYGTHWPEVKQPQHVJGHQTO

S
X
K ' R

XTGH

YJGTGRXTGHCPFSCTGEQPUVCPVU
V[RKECNXCNWGUHQTSVQ5KPEGKVKUFKHHKEWNVVQFGUETKDGVJGGPVKTGTGIKQP
YKVJQPGRQYGTHWPEVKQPVJGXQNVCIGTGIKQPJCUDGGPFKXKFGFKPVQUGIOGPVUKPVJG$2#'/62YKVJGCEJUGIOGPV
FGHKPGF D[ KVU QYP RQYGT HWPEVKQP  +P VJG 7$% '/62 QPN[ QPG HWPEVKQP KU CNNQYGF UQ HCT  (QT XQNVCIGU


UWDUVCPVKCNN[DGNQYXTGHVJGEWTTGPVKUGZVTGOGN[UOCNN
GIKR R HQTXXTGHCPFCNKPGCT
TGRTGUGPVCVKQPKUVJGTGHQTGWUGFKPVJKUNQYXQNVCIGTGIKQP+PVJGOGCPKPIHWNQXGTXQNVCIGRTQVGEVKQPTGIKQPVYQ
UGIOGPVUYKVJRQYGTHWPEVKQPU
CTGWUWCNN[UWHHKEKGPV
6JGUVCVKEEJCTCEVGTKUVKEQH'S
ECPDGGZVGPFGFVQKPENWFGF[PCOKEEJCTCEVGTKUVKEUUKOKNCTVQJ[UVGTGUKU
GHHGEVUVJTQWIJVJGCFFKVKQPQHCUGTKGUKPFWEVCPEG.YJQUGXCNWGECPDGGUVKOCVGFQPEGVJGCTTGUVGTEWTTGPVKU
CRRTQZKOCVGN[MPQYPHTQOCVTKCNTWP=?#OGVCNQZKFGUWTIGCTTGUVGTOQFGNHQTHCUVHTQPVEWTTGPVUWTIGUYKVJ
VKOGVQETGUVKPVJGTCPIGQHVQzUYCURTQRQUGFCPFEQORCTGFCICKPUVNCDQTCVQT[VGUVUD[&WTDCM=?6JG
DCUKEKFGCKUVQFKXKFGVJGUKPINGPQPNKPGCTTGUKUVCPEGKPVQORCTCNNGNPQPNKPGCTTGUKUVCPEGUYJKEJCTGUGRCTCVGFD[
NQYRCUUHKNVGTUCUKNNWUVTCVGFKP(KIHQTVYQRCTCNNGNPQPNKPGCTKVKGUYJKEJKUWUWCNN[UWHHKEKGPVKPRTCEVKEG6JG
4. EKTEWKVKUVJGNQYRCUUHKNVGTYJKEJUGRCTCVGUVJGVYQPQPNKPGCTTGUKUVCPEGUFGHKPGFD[K Q
X QCPFK 
X 6JG
KPFWEVCPEG.QTGRTGUGPVUVJGUOCNNDWVHKPKVGKPFWEVCPEGCUUQEKCVGFYKVJVJGOCIPGVKEHKGNFUKPVJGKOOGFKCVGXKEKPKV[
QHVJGUWTIGCTTGUVGTYJKNG4QKUWUGFQPN[VQFCORPWOGTKECNQUEKNNCVKQPU
UGG5GEVKQP%KUVJGUVTC[
ECRCEKVCPEGQHVJGUWTIGCTTGUVGT6JGOQFGNQH(KIECPGCUKN[DGETGCVGFHTQOGZKUVKPI'/62GNGOGPVU+H
VJTGGUWEJOQFGNUYGTGEQPPGEVGFVQRJCUGUCDEVJGPVJGUKZPQPNKPGCTTGUKUVCPEGUYQWNFJCXGVQDGUQNXGFYKVJ
VJGEQORGPUCVKQPOGVJQFYKVJCUKZRJCUG6JGXGPKPGSWKXCNGPVEKTEWKV

(KI6YQUGEVKQPUWTIGCTTGUVGTOQFGNHQTHCUV
HTQPVUWTIGU=?

#UQOGYJCVFKHHGTGPVOQFGN
(KIJCUDGGPRTQRQUGFD[-PGEJV=?+VEQPUKUVUQHCPQPNKPGCT
TGUKUVCPEG4
XCOQTGQTNGUUEQPUVCPVECRCEKVCPEG%CPFCNKPGCTDWVHTGSWGPE[FGRGPFGPVKORGFCPEG<
T
0Q+'''IWKFGNKPGUJCXG[GVDGGPRWDNKUJGFHQTVJGOQFGNNKPIQHOGVCNQZKFGUWTIGCTTGUVGTU6JGGPGTI[
CDUQTDGFKPVJGOKUCPKORQTVCPVFGUKIPHCEVQTCPFUJQWNFVJGTGHQTGDGEQORWVGFKPYJCVGXGTV[RGQHOQFGNKUWUGF
5KPEGGPGTI[CDUQTRVKQPOC[EJCPIGCUVJGU[UVGOKUGZRCPFGFKVKUKORQTVCPVVQEJGEMYJGVJGTTCVKPIUYJKEJYGTG
CRRTQRTKCVGKPKVKCNN[OC[RQUUKDN[DGGZEGGFGFKPHWVWTG[GCTU'PGTI[CDUQTRVKQPECRCDKNKV[KURTQDCDN[OQTGQHC
NKOKVCVKQPHQTUYKVEJKPIUWTIGUVJCPHQTNKIJVPKPIUWTIGU6JGUJCTREJCPIGHTQOVJGCNOQUVXGTVKECNVQVJGCNOQUV
JQTK\QPVCNUNQRGYJKEJNKOKVUQXGTXQNVCIGUCNOQUVKFGCNN[CVVJGCTTGUVGTNQECVKQPEQWNFRTQFWEGQUEKNNCVKQPUYKVJ
QXGTUJQQVCVNQECVKQPUUQOGFKUVCPEGHTQOVJGCTTGUVGTGURGEKCNN[KPUWDUVCVKQPUYKVJNQPIDWUTWPU6JKUOC[DG


CPQVJGTHCEVQTYQTVJYCVEJKPIHQT
/GVCNQZKFGUWTIGCTTGUVGTUCTGIGPGTCNN[UQNXGFYKVJVJGEQORGPUCVKQPOGVJQFKPVJG'/62YKVJKVGTCVKQPU
WUKPI0GYVQP UOGVJQFCUGZRNCKPGFKP5GEVKQP6JGRKGEGYKUGNKPGCTTGRTGUGPVCVKQPKUNGUUWUGHWNDGECWUG
VJGJKIJN[PQPNKPGCTEJCTCEVGTKUVKEQH'S
KUPQVGCUKN[FGUETKDGFD[RKGEGYKUGNKPGCTUGIOGPVU

(KI#NVGTPCVKXGUWTIGCTTGUVGTOQFGN

+HVJGUWTIGCTTGUVGTKUGSWKRRGFYKVJCUJWPVURCTMICRCUKNNWUVTCVGFKP(KIVJGPKVKUUVKNNTGRTGUGPVGF
CUCPQPNKPGCTTGUKUVCPEGKPVJGUQNWVKQPRTQEGUUGZEGRVVJCVVJGHWPEVKQPHQT

(KI/GVCNQZKFGUWTIG
CTTGUVGTYKVJUJWPVURCTMICR

VJCVTGUKUVCPEGYKNNEJCPIGCDTWRVN[HTQO4
K 4
VDGHQTGURCTMQXGTVQ4
KCHVGTURCTMQXGT+HVJGUWTIGCTTGUVGT
KUGSWKRRGFYKVJCUGTKGUURCTMICRVJGPCXGT[JKIJTGUKUVCPEGKUCFFGFVQ4
K 4
KVQTGRTGUGPVVJGUGTKGUICR
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QPVJGFEUKFG6JKUKIPQTGUVJGEWTTGPVJCTOQPKEUQPVJGCEUKFGCPFVJGXQNVCIGJCTOQPKEUQPVJGFEUKFGDWVKV
FQGURTQFWEGTGCUQPCDNGKPKVKCNEQPFKVKQPUHQTVJGVTCPUKGPVUKOWNCVKQP(KIUJQYUUKOWNCVKQPTGUWNVUHQTCFE
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HTQO EQPXGTVGTU  +H VJG UKOWNCVKQP KU ECTTKGF QWV NQPI GPQWIJ VQ NGV VJG VTCPUKGPVU UGVVNG FQYP VQ UVGCF[UVCVG
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CNQPIVKOG+VKUUWEJECUGUYJGTGVJGUVGCF[UVCVGUQNWVKQPOGVJQFFGUETKDGFKPVJGPGZVUGEVKQPKUWUGHWN


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CRRTQZKOCVGUQNWVKQPCVHWPFCOGPVCNHTGSWGPE[YJKNGVJGUGEQPFFKUVQTVKQPKVGTCVKQPUVCMGVJGJKIJGTJCTOQPKEU
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HTGSWGPE[CUGZRNCKPGFKP5GEVKQPUCPF
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6QGORJCUK\GVJGFKHHGTGPEGKP(KIVJGNKPGYCU
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PGINKIKDNG
(KIUJQYUVJGVTCPUKGPVUKOWNCVKQPTGUWNVUHQTVJGUCOGECUGWUGFHQT(KIGZEGRVVJCVVJG
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 (KI5COGECUGCUKP(KIGZEGRVUKOWNCVKQP
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