This paper presents an approach to model the transfer function of a four-conductor power-line cable for power-line communications. The model is derived from multiconductor transmission-line theory by taking into account all couplings between the conductors. The model allows one not only to determine the transfer function, but also the interference characteristics of that transmission medium. The transfer function for a straight line without branches is obtained first, and then crosstalk is derived. Finally, an N-branch network is simplified based on a generalization of the transmission matrix method. The transfer characteristics of the equivalent network are derived in a similar way as for a straight line.