EXHIBIT
4.1(b)
SECOND
SUPPLEMENTAL INDENTURE
__________
FIRSTENERGY
GENERATION CORP.
TO
THE BANK OF NEW
YORK MELLON TRUST COMPANY, N.A.
(formerly known
as The Bank of New York Trust Company, N.A.),
as
Trustee
__________
Dated as of
March 1, 2009
__________
Providing among
other things for
First Mortgage
Bonds, Guarantee Series A of 2009 due 2014
First Mortgage
Bonds, Guarantee Series B of 2009 due 2023
_________
Supplemental to
Open-End Mortgage, General Mortgage
Indenture and
Deed of Trust, Dated as of June 19, 2008
THIS SECOND
SUPPLEMENTAL INDENTURE (this “
Supplemental Indenture ”), dated as of March 1,
2009, between FIRSTENERGY GENERATION CORP., a corporation organized
and existing under the laws of the State of Ohio (hereinafter
called the “ Company ”), and THE BANK OF
NEW YORK MELLON TRUST COMPANY, N.A. (formerly known as The Bank of
New York Trust Company, N.A.), a national banking association
organized and existing under the laws of the United States of
America, as Trustee (hereinafter called the “
Trustee ”) under the Open-End Mortgage, General
Mortgage Indenture and Deed of Trust, dated as of June 19,
2008 (hereinafter called the “ Original
Indenture ”) with the Company.
W I
T N E S S E T H:
WHEREAS
,
the Company has heretofore duly executed and delivered to the
Trustee the Original Indenture to secure Bonds of the Company,
issuable in series, from time to time, in the manner and subject to
the conditions set forth, and without limit as to principal amount
except as provided in the Original Indenture which Original
Indenture has been filed for record in the filing offices set forth
on Schedule 1 attached hereto and incorporated herein by reference;
and
WHEREAS
,
the Company has heretofore executed and delivered to the Trustee, a
First Supplemental Indenture supplementing the Original Indenture
dated as of June 25, 2008 (the “ First Supplemental
Indenture ” and the Original Indenture, as
supplemented by the aforementioned First Supplemental Indenture,
this Second Supplemental Indenture and any other indentures
supplemental to the Original Indenture are herein collectively
called the “ Indenture ”); and
WHEREAS
,
the Company, by appropriate corporate action in conformity with the
terms of the Indenture, has duly determined to create two new
series of Bonds under the Indenture, consisting of $50,000,000 in
principal amount to be designated as “First Mortgage Bonds,
Guarantee Series A of 2009 due 2014” (hereinafter
referred to as the “ bonds of Guarantee Series
A ”) and $50,000,000 in principal amount to be
designated as “First Mortgage Bonds, Guarantee Series B
of 2009 due 2023” (hereinafter referred to as the “
bonds of Guarantee Series B ”, and together
with the bonds of Guarantee Series A, the “ bonds of
Guarantee Series ”), which shall bear interest at the
respective rates per annum set forth in, shall be subject to
certain redemption rights and obligations set forth in, and will
otherwise be in the respective forms and have the terms and
provisions provided for in this Supplemental Indenture;
and
WHEREAS
,
the bonds of Guarantee Series A and the Trustee’s certificate
of authentication to be endorsed thereon shall be substantially in
the form included in Exhibit A hereto and the bonds of Guarantee
Series B and the Trustee’s certificate of authentication to
be endorsed thereon shall be substantially in the form included in
Exhibit B hereto; and
WHEREAS
,
subsequent to the execution and delivery of the First Supplemental
Indenture, the Company acquired certain real property as more
particularly described on Exhibit C attached hereto and
incorporated herein by reference (the “ Additional
Property ”); and
WHEREAS
,
it is provided in the Indenture, among other things, that the
Company shall execute and file with the Trustee and the Trustee, at
the request of the Company, when required
by the
Indenture, shall join in indentures supplemental thereto, and which
thereafter shall form a part thereof, for the purpose, among
others, of reflecting the addition of property to the Mortgaged
Property and providing for the creation of any series of Bonds and
specifying the form and provisions of the Bonds of such series;
and
WHEREAS
,
the Company deems it advisable to enter into this Supplemental
Indenture for the purposes of establishing the form, terms and
provisions of the bonds of Guarantee Series A and the bonds of
Guarantee Series B, as provided and contemplated by Sections
2.01(a) and 3.01(b) of the Indenture and to reflect the addition of
the Additional Property to the Mortgaged Property, and the Company
has requested and hereby requests the Trustee to join in the
execution of this Supplemental Indenture; and
WHEREAS
,
all acts and things have been done and performed which are
necessary to make this Supplemental Indenture, when duly executed
and delivered, a valid, binding and legal instrument in accordance
with its terms and for the purposes herein expressed; and the
execution and delivery of this Supplemental Indenture have been in
all respects duly authorized.
NOW
THEREFORE , in
consideration of the premises and in further consideration of the
sum of One Dollar in lawful money of the United States of America
paid to the Company by the Trustee at or before the execution and
delivery of this Supplemental Indenture, the receipt whereof is
hereby acknowledged, and of other good and valuable consideration,
it is agreed by and between the Company and the Trustee as
follows:
ARTICLE
I
DEFINITIONS
SECTION
1.01
Terms Incorporated by Reference .
Except for the
terms defined in this Supplemental Indenture, all capitalized terms
used in this Supplemental Indenture have the respective meanings
set forth in the Original Indenture.
SECTION
1.02
Additional Definitions .
“
2009-A Revenue Bonds ” means the $50,000,000
aggregate principal amount of State of Ohio Pollution Control
Revenue Refunding Bonds, Series 2009-A (FirstEnergy Generation
Corp. Project) to be issued by the Ohio Air Quality Development
Authority.
“
2009-A Revenue Bond Indenture ” means the Trust
Indenture, dated as of March 1, 2009, between the Ohio Air Quality
Development Authority and the 2009-A Revenue Bond Trustee, securing
the 2009-A Revenue Bonds issued for the benefit of the
Company.
“
2009-A Revenue Bond Trustee ” means The Bank of
New York Mellon Trust Company, N.A., as trustee under that certain
2009-A Revenue Bond Indenture.
“
2009-B Revenue Bonds ” means the $50,000,000
aggregate principal amount of State of Ohio Pollution Control
Revenue Refunding Bonds, Series 2009-B (FirstEnergy Generation
Corp. Project) to be issued by the Ohio Air Quality Development
Authority.
“
2009-B Revenue Bond Indenture ” means the Trust
Indenture, dated as of March 1, 2009, between the Ohio Air Quality
Development Authority and the 2009-B Revenue Bond Trustee, securing
the 2009-B Revenue Bonds issued for the benefit of the
Company.
“
2009-B Revenue Bond Trustee ” means The Bank of
New York Mellon Trust Company, N.A., as trustee under that certain
2009-B Revenue Bond Indenture.
“
Initial Interest Accrual Date ” shall have the
respective meaning assigned to such term in each form of bond of
Guarantee Series.
“
Interest Payment Date ” shall have the
respective meaning assigned to such term in each form of bond of
Guarantee Series.
“
Revenue Bond Indentures ” means, collectively,
the 2009-A Revenue Bond Indenture and the 2009-B Revenue Bond
Indenture.
“
Revenue Bond Trustees ” means, collectively,
the 2009-A Revenue Bond Trustee and the 2009-B Revenue Bond
Trustee.
SECTION
1.03.
Rules of Construction. All references to any
agreement refer to such agreement as modified, varied,
supplemented, amended or restated from time to time by the parties
thereto (including any permitted successors or assigns) in
accordance with its terms.
ARTICLE
II
BONDS
SECTION
2.01.
Designation and Issuance of Bonds.
(a) The bonds of Guarantee Series A shall be
designated, as hereinbefore recited, as the Company’s
“First Mortgage Bonds, Guarantee Series A of
2009 due 2014” and, subject to the provisions of the
Indenture, shall be limited to the aggregate principal amount of
Fifty Million Dollars ($50,000,000). The bonds of
Guarantee Series A are to be issued and secured by the Lien of the
Indenture.
(b) The
bonds of Guarantee Series B shall be designated, as hereinbefore
recited, as the Company’s “First Mortgage Bonds,
Guarantee Series B of 2009 due 2023” and, subject to the
provisions of the Indenture, shall be limited to the aggregate
principal amount of Fifty Million Dollars
($50,000,000). The bonds of Guarantee Series B are to be
issued and secured by the Lien of the Indenture.
SECTION
2.02. Form, Date, Maturity Date, Interest Rate and
Interest Payment Dates of Bonds. (a) The
definitive bonds of Guarantee Series shall be in engraved,
lithographed, printed or typewritten form and shall be registered
bonds without coupons, and such bonds and the Trustee’s
certificate of authentication to be endorsed thereon shall be
substantially in the
respective forms
included in Exhibits A and B hereto. The bonds of
Guarantee Series shall be dated as provided in Section 3.03 of the
Indenture.
(b) The
bonds of Guarantee Series A shall bear interest from the Initial
Interest Accrual Date as provided in the form of the bond of
Guarantee Series A, and such provisions are incorporated at this
place as though set forth in their entirety. The
interest rate and maturity date of the bonds of Guarantee Series A
shall be as set forth in the form of the bond of Guarantee Series
A.
(c) The
interest on the bonds of Guarantee Series A so payable on any
Interest Payment Date shall, subject to the exceptions provided in
Section 3.07 of the Indenture, be paid to the person in whose name
such bond is registered on such Interest Payment Date.
(d) The
bonds of Guarantee Series B shall bear interest from the Initial
Interest Accrual Date as provided in the form of the bond of
Guarantee Series B, and such provisions are incorporated at this
place as though set forth in their entirety. The interest rate and
maturity date of the bonds of Guarantee Series B shall be as set
forth in the form of the bond of Guarantee Series B.
(e) The
interest on the bonds of Guarantee Series B so payable on any
Interest Payment Date shall, subject to the exceptions provided in
Section 3.07 of the Indenture, be paid to the person in whose name
such bond is registered on such Interest Payment Date.
SECTION
2.03.
Bonds Issued as Collateral Security. The bonds
of Guarantee Series A shall be issued, delivered, and pledged to,
and registered in the name of, the 2009-A Revenue Bond Trustee in
order to secure and provide for, and as collateral security for,
the due and punctual payment of the principal of and interest on
the 2009-A Revenue Bonds. The bonds of Guarantee Series
B shall be issued, delivered, and pledged to, and registered in the
name of, the 2009-B Revenue Bond Trustee in order to secure and
provide for, and as collateral security for, the due and punctual
payment of the principal of and interest on the 2009-B Revenue
Bonds.
SECTION
2.04.
Credit for Payments of the Revenue Bonds.
(a) If and when the principal of any 2009-A
Revenue Bonds is paid, then there is deemed to be paid an equal
principal amount of the bonds of Guarantee Series A then
outstanding; provided, however, that such payment of the bonds of
Guarantee Series A is deemed to be made only when and to the extent
that notice of such payment of such 2009-A Revenue Bonds is given
by the Company to the Trustee.
(b) If
and when the principal of any 2009-B Revenue Bonds is paid, then
there is deemed to be paid an equal principal amount of the bonds
of Guarantee Series B then outstanding; provided, however, that
such payment of the bonds of Guarantee Series B is deemed to be
made only when and to the extent that notice of such payment of
such 2009-B Revenue Bonds is given by the Company to the
Trustee.
SECTION
2.05. Execution of Bonds. The bonds
of Guarantee Series shall be executed on behalf of the Company in
accordance with Section 3.03 of the Indenture.
SECTION
2.06.
Medium and Places of Payment of Principal of, and Interest on,
Bonds; Transferability and Exchangeability. The
principal of, and the interest on, the bonds of Guarantee Series
shall be payable in any coin or currency of the United States of
America which at the time of payment is legal tender for the
payment of public and private debts, and such principal and
interest shall be payable at the office or agency of the Company in
the City of Cleveland, State of Ohio. The Corporate
Trust Office of the Trustee shall serve as the initial location of
such office. Subject to the limitations provided herein,
the bonds of Guarantee Series shall be transferable and
exchangeable, in the manner provided in Sections 3.05 and 3.06 of
the Indenture, at said office or agency. The bonds of
Guarantee Series shall not be transferable except (i) to a
successor to the respective Revenue Bond Trustee under the
respective Revenue Bond Indenture, (ii) in connection with the
exercise of the rights and remedies of the holder thereof
consequent upon an event of default as defined in the Indenture, or
(iii) as may be necessary to comply with a final order of a court
of competent jurisdiction in connection with any bankruptcy or
reorganization proceeding of the Company. No charge
shall be made by the Company to the registered owner of any bond of
Guarantee Series for the registration of transfer of such bond or
for the exchange thereof for bonds of the same series of other
authorized denominations, except, in the case of any transfer, a
charge sufficient to reimburse the Company for any stamp or other
tax or governmental charge required to be paid by the Company or
the Trustee.
SECTION
2.07. Denominations and
Numbering of Bonds . The bonds of Guarantee Series
shall be issued in the denomination of $5,000 and any integral
multiple thereof. The bonds of Guarantee Series shall
each be numbered R-1 and consecutively upwards.
SECTION
2.08. Temporary Bonds.
Until definitive bonds of Guarantee Series are ready
for delivery, there may be authenticated and issued in lieu of any
thereof and subject to all of the provisions, limitations, and
conditions set forth in Section 3.04 of the Indenture, temporary
registered bonds of Guarantee Series without coupons.
SECTION
2.09. Mandatory
Redemption. The bonds of Guarantee Series shall be
subject to mandatory redemption as provided in the respective forms
thereof.
SECTION
2.10. Additional Property;
Confirmation of Lien. The Company, for the equal
and proportionate benefit and security of the holders of all Bonds
at any time issued under the Indenture, hereby confirms the lien
and security interest of the Indenture upon, and hereby grants,
bargains, sells, releases, conveys, assigns, transfers, mortgages,
pledges, sets over and confirms to the Trustee, and grants to the
Trustee a security interest in, the Mortgaged Property, including
the Additional Property legally described on Exhibit C attached
hereto and made a part hereof, but excluding from such lien,
security interest and grant all property which, by virtue of any of
the provisions of the Indenture, is excluded from the lien,
security interests and granting clauses thereof. The
term “ Mortgaged Property ” as used in
the Indenture means and refers to the “Mortgaged
Property” as defined in the Original Indenture, together with
the Additional Property.
ARTICLE
III
MISCELLANEOUS
SECTION
3.01 Except
as herein otherwise expressly provided, no duties, responsibilities
or liabilities are assumed, or shall be construed to be assumed, by
the Trustee by reason of this Supplemental Indenture; the Trustee
shall not be responsible in any manner whatsoever for or in respect
of the validity or sufficiency of this Supplemental Indenture or
for or in respect of the recitals herein or in the bonds of
Guarantee Series (except the Trustee’s authentication
certificate), all of which are made by the Company solely; and this
Supplemental Indenture is executed and accepted by the Trustee,
subject to all the terms and conditions set forth in the Indenture,
as fully to all intents and purposes as if the terms and conditions
of the Indenture were herein set forth at length.
SECTION
3.02 As
supplemented by this Supplemental Indenture, the Indenture is in
all respects ratified and confirmed, and the Indenture as herein
defined, and this Supplemental Indenture, shall be read, taken and
construed as one and the same instrument.
SECTION
3.03 Nothing
in this Supplemental Indenture contained shall or shall be
construed to confer upon any person other than a Holder of Bonds
issued under the Indenture, the Company and the Trustee any right
or interest to avail himself of any benefit under any provision of
the Indenture or of this Supplemental Indenture.
SECTION
3.04 This
Supplemental Indenture may be simultaneously executed in several
counterparts and all such counterparts executed and delivered, each
as an original, shall constitute but one and the same
instrument.
[Remainder of
this page intentionally left blank.]
IN WITNESS
WHEREOF, FIRSTENERGY GENERATION CORP., party of the first part
hereto, and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., party
of the second part hereto, have caused these presents to be
executed in their respective names as of the day and year first
above written.
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FIRSTENERGY
GENERATION CORP.
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By:
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/s/ James F.
Pearson
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James F.
Pearson
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Vice President
and Treasurer
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THE BANK OF NEW
YORK MELLON TRUST COMPANY, N.A. as Trustee
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By:
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/s/ Biagio S.
Impala
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Biagio S.
Impala
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Vice
President
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STATE OF
OHIO )
On the 6
th
day
of March, 2009, personally appeared before me, a Notary Public in
and for the said County and State aforesaid, James F. Pearson, to
me known and known to me to be the Vice President and Treasurer of
FIRSTENERGY GENERATION CORP., the corporation which executed the
foregoing instrument, and who severally acknowledged that he did
sign such instrument as such Vice President and Treasurer of
FIRSTENERGY GENERATION CORP., the same is his free act and deed and
the free and corporate act and deed of said corporation.
IN WITNESS
WHEREOF, I have hereunto set my hand and seal the 6
th
day
of March, 2009.
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/s/ Kathleen
Anne Grant__________________________________
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Kathleen Anne
Grant, Notary Public
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Commission
Expires November 8, 2009
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STATE OF
OHIO )