<PAGE>
                                                                   Exhibit 4.11a

                                                                  Execution Copy

                                ROSETON OL LLC
                      NONRECOURSE PROMISSORY NOTE DUE IN
                     A SERIES OF INSTALLMENTS OF PRINCIPAL
                            WITH FINAL PAYMENT DATE
                              OF NOVEMBER 8, 2016

                  THIS NOTE HAS NOT BEEN REGISTERED UNDER THE
              SECURITIES ACT OF 1933 AND MAY NOT BE TRANSFERRED,
               SOLD OR OFFERED FOR SALE IN VIOLATION OF SUCH ACT

No. 1                                             Issued at:  New York, New York

                                                  Issue Date: May 8, 2001

$475,075,000

     ROSETON OL LLC, a Delaware limited liability company (herein called the
"Owner Lessor", which term includes any successor person under the Lease
 ------------
Indenture hereinafter referred to), hereby promises to pay to The Chase
Manhattan Bank, in its capacity as trustee of the Roseton-Danskammer 2001-Series
B Pass Through Trust, or its registered assigns, the principal sum of FOUR
HUNDRED SEVENTY-FIVE MILLION SEVENTY-FIVE THOUSAND DOLLARS AND NO/100
($475,075,000) (the "Note Amount"), which is due and payable in a series of
                     -----------
installments of principal with a final payment date of November 8, 2016, as
provided below, together with interest at the rate of 7.67% per annum on the
principal remaining unpaid from time to time from and including the Issue Date
until paid in full.

     Interest on the outstanding principal amount under this Note shall be due
and payable in arrears semiannually at the rate specified above, commencing on
November 8, 2001, and on each May 8 and November 8 thereafter until the
principal of this Note is paid in full or made available for payment.  Interest
shall be computed on the basis of a 360-day year of twelve 30-day months.

     The principal amount of this Note shall be due and payable in installments
on each of the dates set forth on Schedule 1 hereto in an amount for each such
date equal to the product of the percentage appearing opposite such date and the
Note Amount; provided that upon any redemption of this Note in part pursuant to
             --------
Section 2.10 of the Lease Indenture (defined below) as a result of a termination
of the Facility Lease in respect of a single Unit and not the entire Facility,
each remaining principal amount to be calculated as described above shall be
deemed reduced by an amount equal to the product of the amount of such remaining
principal installment which would otherwise be payable and the Unit Percentage
for such Unit.  The provisions of the last sentence to the contrary
notwithstanding, the last payment made under this Note shall be equal to the
then unpaid balance of the principal of this Note plus all accrued and unpaid
interest on, and any other amounts due under, this Note.
<PAGE>

     Capitalized terms used in this Note that are not otherwise defined herein
shall have the meanings ascribed thereto in the Indenture of Trust, Mortgage,
Assignment of Leases and Rents and Security Agreement dated as of May 8, 2001
(the "Lease Indenture"), between the Owner Lessor and The Chase Manhattan Bank,
      ---------------
as trustee (the "Lease Indenture Trustee"), and the general provisions of
                 -----------------------
Appendix A thereto shall apply to the terms used in this Note.

     Interest (computed on the basis of a 360-day year of twelve 30-day months)
on any overdue principal, premium (if any) and, to the extent permitted by
Applicable Law, interest and any other amounts payable shall be paid on demand
at the Overdue Rate for the period during which any such principal, premium or
interest shall be overdue.

     The Facility Lessee and DHI have entered into a Registration Rights
Agreement, dated as of May 8, 2001 (as the same may from time to time be
amended, amended and restated, supplemented or otherwise modified in accordance
with the terms thereof and, where applicable, the terms of the Operative
Documents, the "Registration Rights Agreement"), with the Initial Purchasers
                -----------------------------
described therein.  Pursuant to such Registration Rights Agreement, the Facility
Lessee and DHI have agreed to use their reasonable best efforts to cause to
become effective on or prior to the date which is 240 days after the Closing
Date (i) the Exchange Offer Registration Statement or (ii) an Initial Shelf
Registration Statement (as each such term is defined in the Registration Rights
Agreement) and to maintain the respective effectiveness of such Registration
Statements (as defined in the Registration Rights Agreement) as described in the
Registration Rights Agreement.  From and including the date on which an
Illiquidity Event (as defined in the Registration Rights Agreement) with respect
to this Lessor Note occurs to but excluding the date on which no Illiquidity
Events with respect to this Lessor Note are in existence, liquidated damages
payable in the manner of additional interest shall accrue on the outstanding
principal amount of this Lessor Note (in addition to the interest otherwise
payable with respect to this Lessor Note) at the rate of 0.50% per annum, which
liquidated damages shall be payable hereon at the times, in the manner and
subject to the same terms and conditions set forth herein and in the Lease
Indenture, as nearly as may be, as though the interest rate set forth above had
been increased by 0.50% per annum.  Anything in the foregoing to the contrary
notwithstanding, in the event that more than one Illiquidity Event with respect
to this Lessor Note shall have occurred and be continuing at the same time, the
maximum amount of liquidated damages payable in the manner of additional
interest to accrue on this Lessor Note as set forth above shall be 0.50% per
annum.

     In the event any date on which a payment is due under this Note is not a
Business Day, then payment thereof shall be made on the next succeeding Business
Day with the same effect as if made on the date on which such payment was due.

     Except as otherwise specifically provided in the Lease Indenture or the
Participation Agreement, all payments of principal, premium, if any, and
interest on this Note, and all payments of any other amounts due hereunder or
under the Lease Indenture shall be made only from the Indenture Estate, and the
Owner Lessor shall have no obligation for the payment thereof except to the
extent that there shall be sufficient

                                       2
<PAGE>

income or proceeds from the Indenture Estate to make such payments in accordance
with the terms of Section 3 of the Lease Indenture. The Noteholder, by its
acceptance of this Note, agrees that it will look solely to the income and
proceeds from the Indenture Estate to the extent available for distribution to
the Noteholder, as herein provided, and that, except as expressly provided in
the Lease Indenture, the Participation Agreement or any other Operative
Document, none of the Owner Participant, the Owner Lessor or the Lease Indenture
Trustee is or shall be personally liable to the Noteholder for any amounts
payable under this Note or under the Lease Indenture, or for any performance to
be rendered under the Lease Indenture or any Assigned Document or for any
liability under the Lease Indenture or any Assigned Document. In furtherance of
the foregoing, to the fullest extent permitted by Applicable Law, the Noteholder
(and each assignee of such Person), by its acceptance of this Note, agrees as a
condition to its being secured under the Lease Indenture that it will not
exercise any statutory right to negate the agreements set forth in this
paragraph.

     The principal of and premium, if any, and interest on this Note shall be
paid by the Paying Agent from the amounts available in the Indenture Estate,
free and clear of and without reduction for or on account of all wire and like
charges and without any presentment or surrender of this Note (except that, in
the case of the final payment in respect of this Note, this Note shall be
surrendered to the Lease Indenture Trustee) by mailing a check for the amount
then due and payable, in New York Clearing House funds, to the Noteholder, at
the last address of the Noteholder appearing on the Note Register, or by
whichever of the following methods specified by notice from the Noteholder to
the Lease Indenture Trustee: (a) by crediting the amount to be distributed to
the Noteholder to an account maintained by the Noteholder with the Lease
Indenture Trustee, (b) by making such payment to the Noteholder in immediately
available funds at the Lease Indenture Trustee Office, or (c) by transferring
such amount in immediately available funds for the account of the Noteholder to
the banking institution having bank wire transfer facilities as shall be
specified by the Noteholder, such transfer to be subject to telephonic
confirmation of payment.  All payments due with respect to this Note shall be
made (i) as soon as practicable prior to the close of business on the date the
amounts to be distributed by the Lease Indenture Trustee are actually received
by the Lease Indenture Trustee if such amounts are received by 11:00 a.m., New
York City time, on a Business Day or (ii) on the next succeeding Business Day if
received after such time or if received on any day other than a Business Day.
Prior to due presentment for registration of transfer of this Note, the Owner
Lessor and the Lease Indenture Trustee may deem and treat the Person in whose
name this Note is registered on the Note Register as the absolute owner and
Noteholder of this Note for the purpose of receiving payment of all amounts
payable with respect to this Note and for all other purposes, and neither the
Owner Lessor nor the Lease Indenture Trustee shall be affected by any notice to
the contrary.  All payments made on this Note in accordance with the provisions
of this paragraph shall be valid and effective to satisfy and discharge the
liability on this Note to the extent of the sums so paid and neither the Lease
Indenture Trustee nor the Owner Lessor shall have any liability in respect of
such payment.

     The Noteholder, by its acceptance of this Note, agrees that each payment
received by it hereunder shall be applied in the manner set forth in Section 2.7
of the Lease

                                       3
<PAGE>

Indenture, which provides that each payment on the Note shall be applied as
follows: first, to the payment of accrued and unpaid interest (including
         -----
interest on overdue principal and premium and, to the extent permitted by
Applicable Law, overdue interest) on this Note to the date of such payment;
second, to the payment of the principal amount of, and premium, if any, on this
------
Note then due (including any overdue installments of principal) thereunder; and
third, to the extent permitted by Section 2.10 of the Lease Indenture, the
-----
balance, if any, remaining thereafter, to the payment of the principal amount
of, and premium, if any, on this Note.

     This Note is the Note referred to in the Lease Indenture as the "Lessor
Note LT".  The Lease Indenture permits the issuance of additional notes

("Additional Lessor Notes"), as provided in Section 2.12 of the Lease Indenture,
  -----------------------
and the several Notes may be for varying principal amounts and may have
different maturity dates, interest rates, redemption provisions and other terms.
The properties of the Owner Lessor included in the Indenture Estate are pledged
or mortgaged to the Lease Indenture Trustee to the extent provided in the Lease
Indenture as security for the payment of the principal of and premium, if any,
and interest on this Note and all other Notes issued and outstanding from time
to time under the Lease Indenture.

     Reference is hereby made to the Lease Indenture for a statement of the
rights of the Noteholder of, and the nature and extent of the security for, this
Note and of the rights of, and the nature and extent of the security for, the
holders of the other Notes and of certain rights of the Owner Lessor and the
Owner Participant, as well as for a statement of the terms and conditions of the
trust created by the Lease Indenture, to all of which terms and conditions the
Noteholder agrees by its acceptance of this Note.

     This Note is subject to redemption, in whole or in part, as provided in
Sections 2.10(a) and 2.10(e) of the Lease Indenture.

     This Note may be assumed, in whole but not in part, by the Facility Lessee,
subject to the conditions set forth in Section 2.10(b) of the Lease Indenture.
In connection with such an assumption, the Noteholder may be required to
exchange this Note for a new Note evidencing such assumption.

     This Note may be assumed, in whole but not in part, on a joint and several
basis, by the Owner Participant, subject to the conditions set forth in Section
2.10(c) of the Lease Indenture.  In connection with such an assumption, the
Noteholder may be required to exchange this Note for a new Note evidencing such
assumption.

     In case either (i) a Regulatory Event of Loss under the Facility Lease
shall occur or (ii) the Facility Lease shall have been terminated pursuant to
Section 13.1 thereof where the Facility Lessee purchases the Facility from the
Owner Lessor, the obligations and liabilities of the Owner Lessor under this
Note may, subject to the conditions set forth in Section 2.10(b) of the Lease
Indenture, be assumed in whole by the Facility Lessee in which case the Owner
Lessor shall be released and discharged from all such obligations.  In
connection with such an assumption, the Noteholder may be required to exchange
this Note for a new Note evidencing such assumption.

                                       4
<PAGE>

     In case a Lease Indenture Event of Default shall occur and be continuing,
the unpaid balance of the principal of this Note together with all accrued but
unpaid interest thereon may, subject to certain rights of the Owner Lessor and
the Owner Participant contained or referred to in the Lease Indenture, be
declared or may become due and payable in the manner and with the effect
provided in the Lease Indenture.

     There shall be maintained at the Lease Indenture Trustee Office a register
for the purpose of registering transfers and exchanges of Notes in the manner
provided in the Lease Indenture.  The transfer of this Note is registrable, as
provided in the Lease Indenture, upon surrender of this Note for registration of
transfer duly accompanied by a written instrument of transfer duly executed by
or on behalf of the registered Noteholder, together with the amount of any
applicable transfer taxes.

     It is expressly understood and agreed by the Noteholder that (a) this Note
is executed and delivered by Wilmington Trust Company ("Wilmington"), not
                                                        ----------
individually or personally but solely as manager of the Owner Lessor under the
LLC Agreement, in the exercise of the powers and authority conferred and vested
in it pursuant thereto, (b) each of the undertakings and agreements in this Note
made on the part of the Owner Lessor is made and intended not as personal
undertakings and agreements by Wilmington but is made and intended for the
purpose for binding only the Owner Lessor, (c) nothing contained in this Note
shall be construed as creating any liability on Wilmington individually or
personally, to perform any covenant either expressed or implied contained in
this Note, all such liability, if any, being expressly waived by the Noteholder
or by any Person claiming by, through or under such Noteholder, and (d) under no
circumstances shall Wilmington, be personally liable for the payment of any
indebtedness or expenses of the Owner Lessor or be liable for the breach or
failure of any obligation, representation, warranty or covenant made or
undertaken by the Owner Lessor under this Note.

     This Note shall be governed by the laws of the State of New York.
<PAGE>

     IN WITNESS WHEREOF, the Owner Lessor has caused this Note to be duly
executed as of the date hereof.


                         ROSETON OL LLC

                         By:  Wilmington Trust Company,
                              not in its individual capacity, but solely as
                              the Lessor Manager under the LLC Agreement


                              By: ______________________________________________
                                  Name:
                                  Title:
<PAGE>

     This is the Lessor Note LT referred to in the within-mentioned Lease
Indenture.

                         THE CHASE MANHATTAN BANK
                         not in its individual capacity, but solely as the
                         Lease Indenture Trustee


                         By: ______________________________________________
                             Name:
                             Title:
<PAGE>

                            FORM OF TRANSFER NOTICE

          FOR VALUE RECEIVED the undersigned registered Noteholder hereby
sell(s) assign(s) and transfer(s) unto


Insert Taxpayer Identification No.
----------------------------------

__________________________________

__________________________________
(Please print or typewrite name and address including zip code of assignee)

__________________________________
the within Note and all rights thereunder, hereby irrevocably constituting and
appointing

__________________________________
attorney to transfer said Note on the books of the Issuer with full power of
substitution in the premises.


Date: ____________________________      ____________________________
                                        (Signature of Transferor)

                                        NOTE: The signature to this assignment
                                        must correspond with the name as written
                                        upon the face of the within-mentioned
                                        instrument in every particular, without
                                        alteration or any change whatsoever.
<PAGE>

                                                                      Schedule 1
                                                                         to Note

                      Schedule of Principal Amortization
                         Note Amount = $475,075,000.00
                               Facility -Roseton

<TABLE>
<CAPTION>

                                             % of Note
         Payment Date                      Amount Payable *
         <S>                               <C>
          Nov 8 2001                         0.0000000000
          May 8 2002                         0.0000000000
          Nov 8 2002                         0.0000000000
          May 8 2003                         0.0000000000
          Nov 8 2003                         0.0000000000
          May 8 2004                         0.0000000000
          Nov 8 2004                         0.0000000000
          May 8 2005                         0.0000000000
          Nov 8 2005                         0.0000000000
          May 8 2006                         0.0000000000
          Nov 8 2006                         0.0000000000
          May 8 2007                         0.0000000000
          Nov 8 2007                         0.0000000000
          May 8 2008                         0.0000000000
          Nov 8 2008                         0.0000000000
          May 8 2009                         0.0000000000
          Nov 8 2009                         0.0000000000
          May 8 2010                         0.0000000000
          Nov 8 2010                         0.0000000000
          May 8 2011                         0.0000000000
          Nov 8 2011                        12.7085197075
          May 8 2012                         0.0000000000
          Nov 8 2012                         6.0453612588
          May 8 2013                         0.0000000000
          Nov 8 2013                        23.7263589960
          May 8 2014                         0.0000000000
          Nov 8 2014                        25.6186917855
          May 8 2015                         0.0000000000
          Nov 8 2015                        27.6621586065
          May 8 2016                         0.0000000000
          Nov 8 2016                         4.2389096459
</TABLE>