Step 1: Chord of contact equation.
For point \(P(x_1, y_1)\) w.r.t hyperbola \(\frac{x^2}{a^2} - \frac{y^2}{b^2} = 1\), chord of contact: \(\frac{x x_1}{a^2} - \frac{y y_1}{b^2} = 1\)
Step 2: Fixed point condition.
Chord passes through \((\alpha, \beta)\): \(\frac{\alpha x_1}{a^2} - \frac{\beta y_1}{b^2} = 1\)
Step 3: Locus of P.
This is a linear relation between \(x_1\) and \(y_1\): \(\frac{\alpha}{a^2} x_1 - \frac{\beta}{b^2} y_1 = 1\)
Step 4: Convert to intercept form.
\(\frac{x_1}{a^2/\alpha} - \frac{y_1}{b^2/\beta} = 1\)
Step 5: Sum of squares of intercepts.
Intercepts: \(X = a^2/\alpha, Y = b^2/\beta\)
\(\text{Sum of squares} = X^2 + Y^2 = \frac{a^4}{\alpha^2} + \frac{b^4}{\beta^2}\)
Step 6: Final conclusion.
Hence, the required sum is
\[
\boxed{\frac{a^4}{\alpha^2} + \frac{b^4}{\beta^2}}
\]