The race in Elder Scroll III: Morrowind are extremely balance when it comes to skill points and attribute points. However, this balance instantly breaks down as soon as you look at the abilities, powers, and racial spells. The main point of the Character Balance Patch is to takes those abilities, powers, and racial spells and change the values so that they are "theoretically" balanced. To do this the spell cost for each race’s abilities, powers, and racial spells are added up and then they are modified so that the spell costs for all races are the same.This mod does make a few other changes with the intent of balance. All beat races are given the Betmer ability to try and balance their lack of clothing options. Birthsigns have been modified in the same manner as the races. Several new starting spells have been added while others have been removed. All class favored attribute combinations are now possible by default. And the weights of each race have also been adjusted.
Note: Not all spell effects have base costs that are easy to work with. As a result, some of the numbers my look a bit awkward.

Races
     Argonian (M weight: 1.10, F weight: 1.13)
          Racial Spell: Waterbreathing
          * Water Breathing for 165 secs on self, Cost: 0
          Ability: Histskin
          * Resist Poison 50pts
          * Resist Common Disease 20pts
          Ability: Betmer
          * Restore Fatigue 1pt

     Breton (M weight: 1.13, F weight: 1.18)
          Power: Dragon Skin
          * Shield 25pts for 60 secs on self
          Ability: Spell Attunement 
          * Resist Magicka 50pts
          Ability: Gift of Magnus
          * Fortify Maximum Magicka 0.5x INT

     Dark Elf (M weight: 1.13, F weight: 1.13)
          Power: Ancestor Guardian
          * Sanctuary 25pts for 40 secs on self
          Ability: Shadowed Path
          * Resist Fire 70pts

     High elf (M weight: 1.03, F weight: 1.03)
          Ability: Highborn
          * Resist Common Disease 75pts
          * Weakness to Shock 5pts
          * Weakness to Frost 5pts
          * Weakness to Fire 10pts
          * Weakness to Magicka 10pts
          Ability: Syrabane’s Boon
          * Fortify Maximum Magicka 1.5x INT

     Imperial (M weight: 1.13, F weight: 1.13)
          Power: Star of the West
          * Absorb Fatigue 200pts for 1 sec on target
          Power: Voice of the Emperor
          * Charm 45-60pts for 35 secs within 5ft on target

     Khajiit (M weight: 1.13, F weight: 1.18)
          Racial Spell: Eye of Night
          * Night Eye 50pts for 150 secs on self, Cost: 0
          Power: Eye of Fear
          * Demoralize Humanoid 100pts for 80 secs on target
          Ability: Betmer
          * Restore Fatigue 1pt

     Nord (M weight: 1.07, F weight: 1.07)
          Power: Thunder Fist
          * Frost Damage 20pts for 1 sec on touch
          Power: Woad
          * Shield 15pts for 30 secs on self
          Ability: Nord Resilience
          * Resist Shock 20pts
          * Resist Frost 50pts

     Orc (M weight: 1.08, F weight: 1.08)
          Ability: Stalwart
          * Resist Magicka 30pts
          Power: Berserk
          * Fortify Health 100pts for 90 secs on self
          * Fortify Fatigue 200pts for 90 secs on self
          * Fortify Attack 100pts for 90 secs on self
          * Drain Attribute: Agility 200pts for 90 secs on self

     Redguard (M weight: 1.11, F weight: 1.13)
          Power: Adrenaline Rush
          * Fortify Attribute: Agility 35pts for 40 secs on self
          * Fortify Attribute: Endurance 35pts for 40 secs on self
          * Fortify Attribute: Speed 35pts for 40 secs on self
          * Fortify Attribute: Strength 35pts for 40 secs on self
          * Fortify Health: 35pts for 40 secs on self
          Ability: Ra’ Gada Spirit
          * Resist Poison 20pts
          * Resist Common Disease 20pts

     Wood Elf (M weight 1.23, F weight: 1.13)
          Power: Beast Tongue
          * Command Creature 5pts for 130 secs within 15ft on target
          Ability: Y’ffre’s Endurance
          * Resist Common Disease 1pt

Birthsigns
     The Warrior
          Ability: Warwyrd
          * Fortify Attack 20pts

     The Mage
          Ability: Fay
          * Fortify Maximum Magicka 0.5x INT

     The Thief
          Ability: Akaviri Danger-sense
          * Sanctuary 20pts

     The Serpent
          Spell: Star Curse
          * Poison 5pts 30 secs on touch
          * Damage Health 1pt for 30 secs on self, Cost: 12

     The Lady
          Ability: Lady’s Favor
          * Fortify Attribute: Personality 10pts
          Ability: Lady’s Grace
          * Fortify Attribute: Endurance 10pts

     The Steeds
          Ability: Charioteer
          * Fortify Attribute: Speed 20pts

     The Lord
          Spell: Blood of the North
          * Restore Health 1pt for 240 secs on self, Cost: 10
          Ability: Trollkin
          * Weakness to Fire 1pt

     The Apprentice
          Ability: Elfborn
          * Fortify Maximum Magicka 1.0x INT
          * Weakness to Magicka 10pts

     The Atronach
               Ability: Wombburnned
               * Fortify Maximum Magicka 0.5x INT
               * Stunted Magicka 1.00x INT
               Spell: Wombburn
               * Spell Absorption 50pts 10 secs on self, Cost: 0

     The Ritual
              Spell: Blessed Word
               * Turn Undead 50pts for 30 secs within 15ft on target, Cost: 9
              Spell: Blessed Touch
              * Turn Undead 100pts for 30 secs on touch, Cost: 5
              Power: Mara’s Gift
              * Restore Health 30pts for 1 sec on self

     The Lover
              Ability: Mooncalf
              * Fortify Attribute: Agility 5pts
              Power: Lover’s Kiss
              * Paralyze for 30 secs
              * Damage Fatigue 50pts for 1 sec

     The Shadow
              Power: Moonshadow
              * Invisibility 100 secs on self

     The Tower
               Spell: Beggar’s Nose
               * Detect Animal 20pts for 20 secs on self
               * Detect Key 20pts for 20 secs on self
               * Detect Enchantment 20pts for 20 secs on self, Cost: 18
               Power: Tower Key
               * Open 25pts for 1 sec on touch

Classes
     Alchemist
          Favored Attributes:
          * Intelligence
          * Luck
          Major Skills:
          * Alchemy
          * Alteration
          * Conjuration
          * Enchant
          * Mysticism
          Minor Skills:
          * Block
          * Blunt Weapon
          * Unarmored
          * Hand-to-hand
          * Speechcraft

     Blademaster
          Favored Attributes:
          * Strenght
          * Luck
          Major Skills:
          * Armorer
          * Axe
          * Blunt Weapon
          * Long Blade
          * Acrobatics
          Minor Skills:
          * Block
          * Medium Armor
          * Enchant
          * Short Blade
          * Speechcraft

     Burglar
          Favored Attributes:
          * Speed
          * Luck
          Major Skills:
          * Acrobatics
          * Mercantile
          * Security
          * Short Blade
          * Sneak
          Minor Skills:
          * Athletics
          * Unarmored
          * Light Armor
          * Marksman
          * Speechcraft

     Crusader
          Favored Attributes:
          * Strength
          * Willpower

     Noble[1]
         Favored Attributes:
         * Luck
         * Personality
         Major Skills:
         * Speechcraft
         * Mercantile
         * Short Blade
         * Security
         * Athletics
         Minor Skills:
         * Light Armor
         * Block
         * Restoration
         * Sneak
         * Acrobatics

     Templar
          Favores Attributes:
          * Endurance
          * Luck
          Major Skills:
          * Heavy Armor
          * Medium Armor
          * Long Blade
          * Spear
          * Restoration
          Minor Skills:
          * Athletics
          * Block
          * Blunt Weapon
          * Destruction
          * Enchant

     Warden
          Favored Attributes:
          * Agility
          * Luck
          Major Skills:
          * Block
          * Restoration
          * Unarmored
          * Light Armored
          * Sneak
          Minor Skills:
          * Long Blade
          * Spear
          * Alchemy
          * Illusion
          * Marksman

     Warlock[1]
          Favored Attributes:
          * Willpower
          * Luck
          Major Skills:
          * Mysticism
          * Illusion
          * Conjuration
          * Unarmored
          * Short Blade
          Minor Skills:
          * Light Armor
          * Speechcraft
          * Acrobatics
          * Alteration
          * Sneak

Starting Spells

     Lesser Water Walking
     * Water Walking 40 secs on self, Cost: 6

     Lesser Chameleon
     * Chameleon 3-5pts for 30 secs on self, Cost: 6

     Lesser Detect Creature
     * Detect Creature 10pts for 15 secs on self, Cost: 6

     Heal
     * Restore Health 20-30pts for 1 sec on self, Cost: 6

     Wild Shield
     * Shield 1-20pts for 20 secs on self, Cost: 21

     Tiring Touch
     * Drain Fatigue 5-20pts for 17 secs on touch, Cost: 21

     Greater Sanctuary
     * Sanctuary 9-10pts for 45 secs on self, Cost: 21

     Lesser Tap Energy
     * Absorb Fatigue 3-4pts for 20 secs on target, Cost: 21

     Rest of Notorgo
     * Restore Fatigue 7pts for 60 secs on self, Cost: 21

[1] Vanilla NPC class left unchanged.

Other Mods by Trackah:
* Rare Spell Vender https://www.nexusmods.com/morrowind/mods/51624
* Mainland Morrowind Contact https://www.nexusmods.com/morrowind/mods/51648/