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Exhibit 10.2
TVA Contract No. 00069956, Supp. No. 4

AGREEMENT
Between
TENNESSEE VALLEY AUTHORITY
And
SEVEN STATES SOUTHAVEN, LLC

THIS AGREEMENT, dated as of April 22, 2010 (Agreement), is entered into by and
between SEVEN STATES SOUTHAVEN, LLC (Southaven), a limited liability company
created and existing under the Laws of the State of Delaware, and TENNESSEE
VALLEY AUTHORITY (TVA), a corporate agency and instrumentality of the United
States Government created and existing under and by virtue of the Tennessee
Valley Authority Act of 1933, as amended, 16 U.S.C. §§ 831-831ee (2006 & Supp.
II 2008).

W I T N E S S E T H:

WHEREAS, TVA and Seven States Power Corporation (Seven States Power) entered
into a Joint Ownership Agreement dated April 30, 2008, numbered as TVA Contract
No. 00069956, which was subsequently amended by Supplement No. 1 dated September
2, 2008 (Supplement No. 1), Supplement No. 2 dated September 30, 2008, and
Supplement No. 3 dated April 17, 2009 (as so amended, the JOA); and

WHEREAS, on September 30, 2008, Seven States Power designated Southaven as the
“Designated Entity” under the JOA, assigned all its rights under the JOA to
Southaven, and specified the Elected Percentage under the JOA to be equal to
90%; and

WHEREAS, the JOA anticipated Long Term Arrangements to be completed on or before
April 30, 2010; however, such Long Term Arrangements have not been completed;
and

WHEREAS, TVA and Southaven desire to extend the term of the JOA and to amend
certain other terms of the JOA, all in accordance with the terms and conditions
set forth below, to give additional time for negotiating the Long Term
Arrangements;

NOW, THEREFORE, for and in consideration of the premises, the mutual covenants
and agreements set forth herein, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, TVA and Southaven
agree as follows:

1.           The definition of the term “Buy-Back Period” in Section 1 of the
JOA is hereby amended to read:

““Buy-Back Period” means that period of time that begins the date of this
Agreement and that ends on April 23, 2013.  If this Agreement terminates under
Section 2, below, before April 23, 2013, however, the Buy-Back Period shall
terminate upon termination of this Agreement.”

 
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2.           The definition of the term “Lender” in Section 1 of the JOA is
hereby amended to read:

““Lender” means one or more financial institutions or investment bankers that
provide credit facilities to Seven States to finance or refinance the
acquisition of its ownership interest in the Purchased Assets and/or its
ownership share of Capitalized Modifications and Capitalized Replacement
Components for the Purchased Assets.”

3.           The threshold amount for a “Capitalized Modification”, as defined
in Section 1 of the JOA, is hereby increased from $100,000 to $250,000.

4.           The threshold amount for “Capitalized Replacement Components”, as
defined in Section 1 of the JOA, is hereby increased from $100,000 to $250,000.

5.           TVA and Southaven hereby confirm that the “Loan” referred to in
Section 5(e) of the JOA refers collectively to the $419,710,484 Term Loan A, and
the $30,000,000 Term Loan B (including all principal amounts that may be
advanced thereunder after the date hereof), under that certain Amended and
Restated Credit Agreement, dated as of April 22, 2010 (the Credit Agreement),
between Southaven, Seven States Power, JPMorgan Chase Bank, National
Association, and the other Lenders identified therein, as the same may be
amended and supplemented from time to time, the total $419,710,484 principal
amount of the Term Loan A having been advanced to Southaven and remaining
outstanding as of the date hereof, and $9,000,000 of the principal amount of the
Term Loan B having been advanced to Southaven and remaining outstanding as of
the date hereof.

6.           Section 1(b) of Supplement No. 1 provides that the Designated
Entity shall not have the power or authority to obtain a line of credit to
finance Capitalized Modifications and Capitalized Replacement Components that
exceeds $25 million.  TVA and Southaven hereby amend such restriction in
Supplement No. 1 and consent to the Term Loan B Commitment (as defined in the
Credit Agreement) being increased so as to permit a total commitment of $30
million.

7.           To the knowledge of each of TVA and Southaven, there are no
existing defaults under the JOA.

8.           All other terms and conditions of the JOA shall be and remain
unchanged except as specifically provided herein.

9.           Capitalized terms used in this Agreement, including the recitals,
and not otherwise defined herein, shall have the respective meanings set forth
in the JOA.

[Signatures Appear on the Following Page]

 
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IN WITNESS WHEREOF, Southaven and TVA have caused this Agreement to be executed
by their duly authorized representatives as of the date first above written.

 
SEVEN STATES SOUTHAVEN, LLC,
 
a Delaware limited liability company
     
By:  /s/ Jack W. Simmons      
 
Name:  Jack W. Simmons
 
Title:  President and Chief Executive Officer
         
TENNESSEE VALLEY AUTHORITY
         
By:  /s/ John G. Trawick   
 
Name:  John G. Trawick
 
Title:  Senior Vice President,
           Commercial Operations & Pricing

 
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