Document:

ex4_1.htm

Exhibit 4.1

 

AMENDMENT NO. 4 TO THE SHAREHOLDERS AGREEMENT

This AMENDMENT NO. 4 TO THE SHAREHOLDERS AGREEMENT (this “Amendment”) is entered into as of March 20, 2013 by and between Tutor Perini Corporation (f/k/a Perini Corporation), a Massachusetts corporation (the “Company”), and Ronald N. Tutor, a resident of California, in his capacity as the Shareholder Representative (as defined in the Shareholders Agreement (as defined below)) (“Tutor”).

W I T N E S S E T H:

WHEREAS, the Company, Tutor and the other shareholders listed on the schedule of shareholders that was attached thereto, entered into a Shareholders Agreement, made as of April 2, 2008, as amended prior to the date hereof (the "Shareholders Agreement");

WHEREAS, Section 9(a) of the Shareholders Agreement permits amendments to the Shareholders Agreement if signed in writing by the Company and Tutor (in his capacity as Shareholder Representative);

WHEREAS, Amendment No. 1 to the Shareholders Agreement was entered into on September 17, 2010,

WHEREAS, Amendment No. 2 to the Shareholders Agreement was entered into on June 2, 2011,

WHEREAS, Amendment No. 3 to the Shareholders Agreement was entered into on September 13, 2011, and

WHEREAS, the Company and Tutor again desire to amend the Shareholders Agreement as provided in this Amendment.

AGREEMENT:

NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

Section 1.            Defined Terms. Capitalized terms used in this Amendment without separate definition shall have the respective meanings assigned to such terms in the Shareholders Agreement.

Section 2.            Amendment to Section 5. Section 5(c) of the Shareholders Agreement is hereby amended by:

 (a)            Removing the words “the first Business Day following the Transfer Restriction Termination Date” and replacing them with “March 20, 2013”.

 

Section 3.            Effect of Amendment. The Parties hereto agree that except as expressly amended hereby, all terms of the Shareholders Agreement shall remain in full force and effect. In the event of any inconsistency or conflict between the Shareholders Agreement and this Amendment, the terms, conditions and provisions of this Amendment shall govern and control.

Section 4.            Entire Agreement. This Amendment and the Shareholders Agreement, including the Exhibits and other documents referred to therein which form a part thereof, contain the entire understanding of the parties hereto with respect to the subject matter contained herein and therein. From and after the execution of a counterpart hereof by the parties hereto, any reference to the Shareholders Agreement shall be deemed to be a reference to the Shareholders Agreement as amended hereby.

  

  

  

 

Section 5.            Governing Law. The interpretation and construction of this Amendment and all matters relating hereto shall be governed by the laws of the State of Massachusetts applicable to contracts made and to be performed entirely within the State of Massachusetts, without giving effect to any conflict of law provisions thereof.

Section 6.            Counterparts. This Amendment may be executed in counterparts, each of which shall constitute an original, and both of which taken together shall constitute one instrument. Any signature page delivered by a facsimile machine shall be binding to the same extent as an original signature page.

Section 7.            Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties and the other shareholders who are party to the Shareholders Agreement and their respective successors and permitted assigns. No party may assign either this Amendment or any of its rights, interests, or obligations hereunder without the prior written approval of the other party.

[SIGNATURE PAGE FOLLOWS]

 

  

  

  

 

IN WITNESS WHEREOF, each of the parties hereto has caused this Amendment to be duly executed, all as of the day and year first above written.

	  	
TUTOR PERINI CORPORATION

	  	  	  
	  	
By:

	
/s/ Michael J. Kershaw

	  	  	
Michael J. Kershaw

	  	  	
Executive Vice President and Chief Financial Officer

	  	  	  
	  	  	
/s/ Ronald N. Tutor

	  	  	
Ronald N. Tutor

	  	  	
As Shareholder Representativeex4_01.htm

EXHIBIT 4.01

 

PUBLIC SERVICE COMPANY

OF COLORADO

 

TO

 

U.S. BANK NATIONAL ASSOCIATION,

 

as Trustee

 

 

Supplemental Indenture No. 23

 

Dated as of March 1, 2013

 

Supplemental to the Indenture

dated as of October 1, 1993

 

 

Establishing the Securities of Series No. 25 and No. 26

designated 2.50% First Mortgage Bonds, Series No. 25 due 2023, and

3.95% First Mortgage Bonds, Series No. 26 due 2043, respectively

 

  

  

  

 

SUPPLEMENTAL INDENTURE NO. 23, dated as of March 1, 2013, between PUBLIC SERVICE COMPANY OF COLORADO, a corporation duly organized and existing under the laws of the State of Colorado (hereinafter sometimes called the “Company”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as successor trustee (hereinafter sometimes called the “Trustee”) to Morgan Guaranty Trust Company of New York under the Indenture, dated as of October 1, 1993 (hereinafter called the “Original Indenture”), as previously supplemented and as further supplemented by this Supplemental Indenture No. 23.  The Original Indenture and any and all indentures and all other instruments supplemental thereto are hereinafter sometimes collectively called the “Indenture”.

 

Recitals of the Company

 

The Original Indenture was authorized, executed and delivered by the Company to provide for the issuance from time to time of its Securities (such term and all other capitalized terms used herein without definition having the meanings assigned to them in the Original Indenture), to be issued in one or more series as contemplated therein, and to provide security for the payment of the principal of and premium, if any, and interest, if any, on the Securities.  The Original Indenture has been recorded in the office of the Clerk and Recorder of each county in the State of Colorado in which the Company owns real property that is used in or in connection with the Electric Utility Business, as more fully set forth in Schedule A hereto.

 

The Company has heretofore executed and delivered to the Trustee the Supplemental Indentures referred to in Schedule B hereto for the purpose of establishing various series of Securities and appointing previous successor Trustees.

 

The Company desires to establish two new series of Securities to be designated “2.50% First Mortgage Bonds, Series No. 25 due 2023” and “3.95% First Mortgage Bonds, Series No. 26 due 2043,” such series of Securities to be hereinafter sometimes called “Series No. 25” and “Series No. 26,” respectively.

 

The Company has duly authorized the execution and delivery of this Supplemental Indenture No. 23 to establish the Securities of Series No. 25 and Series No. 26 and has duly authorized the issuance of such Securities; and all acts necessary to make this Supplemental Indenture No. 23 a valid agreement of the Company, and to make the Securities of Series No. 25 and Series No. 26 valid obligations of the Company, have been performed.

 

Granting Clauses

 

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE NO. 23 WITNESSETH, that, in consideration of the premises and of the purchase of the Securities by the Holders thereof, and in order to secure the payment of the principal of and premium, if any, and interest, if any, on all Securities from time to time Outstanding and the performance of the covenants contained therein and in the Indenture and to declare the terms and conditions on which such Securities are secured, the Company 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 following:

 

  

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Granting Clause First

 

All right, title and interest of the Company, as of the date of the execution and delivery of this Supplemental Indenture No. 23, in and to property (other than Excepted Property), real, personal and mixed and wherever situated, in any case used or to be used in or in connection with the Electric Utility Business (whether or not such use is the sole use of such property), including without limitation (a) all lands and interest in land described or referred to in Schedule C hereto; (b) all other lands, easements, servitudes, licenses, permits, rights of way and other rights and interests in or relating to real property used or to be used in or in connection with the Electric Utility Business or relating to the occupancy or use of such real property, subject however, to the exceptions and exclusions set forth in clause (a) of Granting Clause First of the Original Indenture; (c) all plants, generators, turbines, engines, boilers, fuel handling and transportation facilities, air and water pollution control and sewage and solid waste disposal facilities and other machinery and facilities for the generation of electric energy; (d) all switchyards, lines, towers, substations, transformers and other machinery and facilities for the transmission of electric energy; (e) all lines, poles, conduits, conductors, meters, regulators and other machinery and facilities for the distribution of electric energy; (f) all buildings, offices, warehouses and other structures used or to be used in or in connection with the Electric Utility Business; (g) all pipes, cables, insulators, ducts, tools, computers and other data processing and/or storage equipment and other equipment, apparatus and facilities used or to be used in or in connection with the Electric Utility Business; (h) any or all of the foregoing properties in the process of construction; and (i) all other property, of whatever kind and nature, ancillary to or otherwise used or to be used in conjunction with any or all of the foregoing or otherwise, directly or indirectly, in furtherance of the Electric Utility Business;

 

Granting Clause Second

 

Subject to the applicable exceptions permitted by Section 810(c), Section 1303 and Section 1305 of the Original Indenture, all property (other than Excepted Property) of the kind and nature described in Granting Clause First which may be hereafter acquired by the Company, it being the intention of the Company that all such property acquired by the Company after the date of the execution and delivery of this Supplemental Indenture No. 23 shall be as fully embraced within and subjected to the Lien hereof as if such property were owned by the Company as of the date of the execution and delivery of this Supplemental Indenture No. 23;

 

Granting Clause Fourth

 

All other property of whatever kind and nature subjected or required to be subjected to the Lien of the Indenture by any of the provisions thereof;

 

This Instrument shall constitute a financing statement under the Colorado Uniform Commercial Code (the “UCC”) to be filed in the real estate records, and is filed as a fixture filing under the UCC covering goods which are, or are to become, fixtures on the real property described herein, in the Original Indenture and all supplements to the Original Indenture;

 

Excepted Property

 

Expressly excepting and excluding, however, from the Lien and operation of the Indenture all Excepted Property of the Company, whether now owned or hereafter acquired;

 

TO HAVE AND TO HOLD all such property, real, personal and mixed, unto the Trustee, its successors in trust and their assigns forever;

 

  

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SUBJECT, HOWEVER, to (a) Liens existing at the date of the execution and delivery of the Original Indenture, (b) as to property acquired by the Company after the date of the execution and delivery of the Original Indenture, Liens existing or placed thereon at the time of the acquisition thereof (including, but not limited to, the Lien of any Class A Mortgage and purchase money Liens), (c) Retained Interests and (d) any other Permitted Liens, it being understood that, with respect to any property which was at the date of execution and delivery of the Original Indenture or thereafter became or hereafter becomes subject to the Lien of any Class A Mortgage, the Lien of the Indenture shall at all times be junior, subject and subordinate to the Lien of such Class A Mortgage;

 

IN TRUST, NEVERTHELESS, for the equal and proportionate benefit and security of the Holders from time to time of all Outstanding Securities without any priority of any such Security over any other such Security;

 

PROVIDED, HOWEVER, that the right, title and interest of the Trustee in and to the Mortgaged Property shall cease, terminate and become void in accordance with, and subject to the conditions set forth in, Article Nine of the Original Indenture, and if, thereafter, the principal of and premium, if any, and interest, if any, on the Securities shall have been paid to the Holders thereof, or shall have been paid to the Company pursuant to Section 603 of the Original Indenture, then and in that case the Indenture shall terminate, and the Trustee shall execute and deliver to the Company such instruments as the Company shall require to evidence such termination; otherwise the Indenture, and the estate and rights thereby granted shall be and remain in full force and effect; and

 

THE PARTIES HEREBY FURTHER COVENANT AND AGREE as follows:

 

ARTICLE ONE

 

Securities of Series No. 25

 

There are hereby established the Securities of Series No. 25, which shall have the terms and characteristics set forth below (the lettered subdivisions set forth below corresponding to the lettered subdivisions of Section 301 of the Original Indenture):

 

(a)           the title of the Securities of Series No. 25 shall be “2.50% First Mortgage Bonds, Series No. 25 due 2023”;

 

(b)           the Securities of Series No. 25 shall initially be authenticated and delivered in the aggregate principal amount of $250,000,000.  The Securities of Series No. 25 may be reopened and additional Securities of Series No. 25 may be issued in excess of the amount initially authenticated and delivered, provided that such additional Securities of Series No. 25 will contain the same terms (including the Stated Maturity and interest payment terms), except for the public offering price, issue date, and if applicable, the first interest payment date, as the other Securities of Series No. 25.  Any such additional Securities of Series No. 25, together with the Securities of Series No. 25 initially authenticated, shall constitute a single series for purposes of the Indenture and shall be limited to an aggregate principal amount of $500,000,000;

 

(c)            interest on the Securities of Series No. 25 shall be payable to the Persons in whose names such Securities are registered at the close of business on the Regular Record Date for such interest, except as otherwise expressly provided in the form of such Securities attached as Exhibit A hereto;

 

(d)           the principal of the Securities of Series No. 25 shall be payable on March 15, 2023, the Stated Maturity for Series No. 25;

 

  

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(e)            the Securities of Series No. 25 shall bear interest at a rate of 2.50% per annum; interest shall accrue on the Securities of Series No. 25 from March 26, 2013 or the most recent date to which interest has been paid or duly provided for; the Interest Payment Dates for such Securities shall be March 15 and September 15 in each year, commencing September 15, 2013, and the Regular Record Dates with respect to the Interest Payment Dates for such Securities shall be March 1 and September 1 in each year, respectively (whether or not a Business Day);

 

(f)            the Corporate Trust Office of U.S. Bank National Association in New York, New York shall be the place at which (i) the principal of, premium, if any, and interest, if any, on the Securities of Series No. 25 shall be payable, (ii) registration of transfer of such Securities may be effected, (iii) exchanges of such Securities may be effected and (iv) notices and demands to or upon the Company in respect of such Securities and the Indenture may be served; and U.S. Bank National Association shall be the Security Registrar for such Securities; provided, however, that the Company reserves the right to change, by one or more Officer’s Certificates, any such place or the Security Registrar; and provided, further, that the Company reserves the right to designate, by one or more Officer’s Certificates, its principal office in Denver, Colorado, as any such place or itself as the Security Registrar;

 

(g)            the Securities of Series No. 25 shall be redeemable at the option of the Company at any time prior to September 15, 2022, in whole or in part, at a redemption price equal to the greater of (i) 100% of the principal amount thereof to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on such Securities to be redeemed (excluding the portion of any such interest accrued to but excluding the Redemption Date), discounted to but excluding the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Yield plus 10 basis points, plus, in each case, accrued and unpaid interest to but excluding the Redemption Date.  At any time on or after September 15, 2022, the Company may redeem the Securities of Series No. 25, in whole or in part, at 100% of the principal amount being redeemed plus accrued and unpaid interest thereon to but excluding the Redemption Date.

 

For purposes hereof, the following defined terms shall have the meaning ascribed to them:

 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the Securities of Series No. 25 that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Securities of Series No. 25.

 

“Comparable Treasury Price” means (i) the average of the Reference Treasury Dealer Quotations for the Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations for such Redemption Date, or (ii) if the Trustee obtains fewer than four Reference Treasury Dealer Quotations for the Redemption Date, the average of all of the Reference Treasury Dealer Quotations for such Redemption Date.

 

“Independent Investment Banker” means Goldman, Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC, Wells Fargo Securities, LLC, or their respective successors or, if such firms or their successors are unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Trustee after consultation with the Company.

 

  

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“Primary Treasury Dealer” means any primary U.S. Government securities dealer in the United States.

 

“Reference Treasury Dealer” means (1) each of Goldman, Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC, and a Primary Treasury Dealer selected by Wells Fargo Securities, LLC., and any other Primary Treasury Dealer designated by, and not affiliated with, Goldman, Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC, or Wells Fargo Securities, LLC., or their respective successors, provided, however, that if any of the foregoing or any of their respective designees ceases to be a Primary Treasury Dealer, the Company will appoint another Primary Treasury Dealer as a substitute and (2) any other Primary Treasury Dealer selected by the Company after consultation with an Independent Investment Banker.

 

“Reference Treasury Dealer Quotations” means, for any Reference Treasury Dealer and any Redemption Date, the average, as determined by an Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to an Independent Investment Banker by the Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding the Redemption Date.

 

“Treasury Yield” means, for any Redemption Date (1) the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded U.S. Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the remaining term, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue will be determined and the Treasury Yield will be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month); or (2) if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.  The Treasury Yield for any Redemption Date shall be calculated on the third Business Day preceding such Redemption Date.

 

(h)           not applicable;

 

(i)            the Securities of Series No. 25 shall be issuable in denominations of $1,000 and multiples thereof;

 

(j)            not applicable;

 

(k)           not applicable;

 

(l)            not applicable;

 

(m)          not applicable;

 

(n)           not applicable;

 

(o)           not applicable;

 

  

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(p)           not applicable;

 

(q)           the Securities of Series No. 25 are to be initially registered in the name of Cede & Co., as nominee for The Depository Trust Company (the “Depositary”).  Such Securities shall not be transferable or exchangeable, nor shall any purported transfer be registered, except as follows:

 

(i)           such Securities may be transferred in whole, and appropriate registration of transfer effected, if such transfer is by such nominee to the Depositary, or by the Depositary to another nominee thereof, or by any nominee of the Depositary to any other nominee thereof, or by the Depositary or any nominee thereof to any successor securities depositary or any nominee thereof; and

 

(ii)           such Securities may be exchanged for definitive Securities registered in the respective names of the beneficial holders thereof, and thereafter shall be transferable without restriction, if:

 

(A)           the Depositary, or any successor securities depositary, shall have notified the Company and the Trustee that it is unwilling or unable to continue to act as securities depositary with respect to such Securities or the Depositary has ceased to be a clearing agency registered under the Securities Exchange Act of 1934, as amended, and the Trustee shall not have been notified by the Company within ninety (90) days of the identity of a successor securities depositary with respect to such Securities; or

 

(B)           the Company shall have delivered to the Trustee a Company Order to the effect that such Securities shall be so exchangeable on and after a date specified therein; or

 

(C)           (1) an Event of Default shall have occurred and be continuing, (2) the Trustee shall have given notice of such Event of Default pursuant to Section 1102 of the Original Indenture, and (3) there shall have been delivered to the Company and the Trustee an Opinion of Counsel to the effect that the interests of the beneficial owners of such Securities in respect thereof will be materially impaired unless such owners become Holders of definitive Securities;

 

(r)            not applicable;

 

(s)           no service charge shall be made for the registration of transfer or exchange of the Securities of Series No. 25; provided, however, that the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the exchange or transfer;

 

(t)            not applicable;

 

  

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(u)

	 
(i)           If the Company shall have caused the Company’s indebtedness in respect of any Securities of Series No. 25, to have been satisfied and discharged prior to the Maturity of such Securities, as provided in Section 901 of the Original Indenture, the Company shall, promptly after the date of such satisfaction and discharge, give a notice to each Person who was a Holder of any of such Securities on such date stating (A)(1) the aggregate principal amount of such Securities and (2) the aggregate amount of any money (other than amounts, if any, deposited in respect of accrued interest on such Securities) and the aggregate principal amount of, the rate or rates of interest on, and the aggregate fair market value of, any Eligible Obligations deposited pursuant to Section 901 of the Original Indenture with respect to such Securities and (B) that the Company will provide (and the Company shall promptly so provide) to such Person, or any beneficial owner of such Securities holding through such Person (upon written request to the Company sent to an address specified in such notice), such other information as such Person or beneficial owner, as the case may be, reasonably may request in order to enable it to determine the federal income tax consequences to it resulting from the satisfaction and discharge of the Company’s indebtedness in respect of such Securities.  Thereafter, the Company shall, within forty-five (45) days after the end of each calendar year, give to each Person who at any time during such calendar year was a Holder of such Securities a notice containing (X) such information as may be necessary to enable such Person to report its income, gain or loss for federal income tax purposes with respect to such Securities or the assets held on deposit in respect thereof during such calendar year or the portion thereof during which such Person was a Holder of such Securities, as the case may be (such information to be set forth for such calendar year as a whole and for each month during such year) and (Y) a statement to the effect that the Company will provide (and the Company shall promptly so provide) to such Person, or any beneficial owner of such Securities holding through such Person (upon written request to the Company sent to an address specified in such notice), such other information as such Person or beneficial owner, as the case may be, reasonably may request in order to enable it to determine its income, gain or loss for federal income tax purposes with respect to such Securities or such assets for such year or portion thereof, as the case may be.  The obligation of the Company to provide or cause to be provided information for purposes of income tax reporting by any Person as described in the first two sentences of this paragraph shall be deemed to have been satisfied to the extent that the Company has provided or caused to be provided substantially comparable information pursuant to any requirements of the Internal Revenue Code of 1986, as amended from time to time (the “Code”) and United States Treasury regulations thereunder.

	 

 

(ii)           Notwithstanding the provisions of subparagraph (i) above, the Company shall not be required to give any notice specified in such subparagraph or to otherwise furnish any of the information contemplated therein if the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Securities will not recognize income, gain or loss for federal income tax purposes as a result of the satisfaction and discharge of the Company’s indebtedness in respect of such Securities and such Holders will be subject to federal income taxation on the same amounts and in the same manner and at the same times as if such satisfaction and discharge had not occurred.

 

(iii)           Anything in this clause (u) to the contrary notwithstanding, the Company shall not be required to give any notice specified in subparagraph (i) or to otherwise furnish the information contemplated therein or to deliver any Opinion of Counsel contemplated by subparagraph (ii) if the Company shall have caused Securities of Series No. 25 to be deemed to have been paid for purposes of the Indenture, as provided in Section 901 of the Original Indenture, but shall not have effected the satisfaction and discharge of its indebtedness in respect of such Securities pursuant to such Section.

 

  

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(v)           The Securities of Series No. 25 shall be substantially in the form attached hereto as Exhibit A, and shall have such further terms as are set forth in such form.

 

ARTICLE TWO

 

Securities of Series No. 26

 

There are hereby established the Securities of Series No. 26, which shall have the terms and characteristics set forth below (the lettered subdivisions set forth below corresponding to the lettered subdivisions of Section 301 of the Original Indenture):

 

(a)           the title of the Securities of Series No. 26 shall be “3.95% First Mortgage Bonds, Series No. 26 due 2043”;

 

(b)           the Securities of Series No. 26 shall initially be authenticated and delivered in the aggregate principal amount of $250,000,000.  The Securities of Series No. 26 may be reopened and additional Securities of Series No. 26 may be issued in excess of the amount initially authenticated and delivered, provided that such additional Securities of Series No. 26 will contain the same terms (including the Stated Maturity and interest payment terms), except for the public offering price, issue date, and if applicable, the first interest payment date, as the other Securities of Series No. 26.  Any such additional Securities of Series No. 26, together with the Securities of Series No. 26 initially authenticated, shall constitute a single series for purposes of the Indenture and shall be limited to an aggregate principal amount of $500,000,000;

 

(c)           interest on the Securities of Series No. 26 shall be payable to the Persons in whose names such Securities are registered at the close of business on the Regular Record Date for such interest, except as otherwise expressly provided in the form of such Securities attached as Exhibit B hereto;

 

(d)           the principal of the Securities of Series No. 26 shall be payable on March 15, 2043, the Stated Maturity for Series No. 26;

 

(e)           the Securities of Series No. 26 shall bear interest at a rate of 3.95% per annum; interest shall accrue on the Securities of Series No. 26 from March 26, 2013 or the most recent date to which interest has been paid or duly provided for; the Interest Payment Dates for such Securities shall be March 15 and September 15 in each year, commencing September 15, 2013, and the Regular Record Dates with respect to the Interest Payment Dates for such Securities shall be March 1 and September 1 in each year, respectively (whether or not a Business Day);

 

  

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(f)            the Corporate Trust Office of U.S. Bank National Association in New York, New York shall be the place at which (i) the principal of, premium, if any, and interest, if any, on the Securities of Series No. 26 shall be payable, (ii) registration of transfer of such Securities may be effected, (iii) exchanges of such Securities may be effected and (iv) notices and demands to or upon the Company in respect of such Securities and the Indenture may be served; and U.S. Bank National Association shall be the Security Registrar for such Securities; provided, however, that the Company reserves the right to change, by one or more Officer’s Certificates, any such place or the Security Registrar; and provided, further, that the Company reserves the right to designate, by one or more Officer’s Certificates, its principal office in Denver, Colorado, as any such place or itself as the Security Registrar;

 

(g)           the Securities of Series No. 26 shall be redeemable at the option of the Company at any time prior to September 15, 2042, in whole or in part, at a redemption price equal to the greater of (i) 100% of the principal amount thereof to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on such Securities to be redeemed (excluding the portion of any such interest accrued to but excluding the Redemption Date), discounted to but excluding the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Yield plus 15 basis points, plus, in each case, accrued and unpaid interest to but excluding the Redemption Date.  At any time on or after September 15, 2042, the Company may redeem the Securities of Series No. 26, in whole or in part, at 100% of the principal amount being redeemed plus accrued and unpaid interest thereon to but excluding the Redemption Date.

 

For purposes hereof, the following defined terms shall have the meaning ascribed to them:

 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the Securities of Series No. 26 that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Securities of Series No. 26.

 

“Comparable Treasury Price” means (i) the average of the Reference Treasury Dealer Quotations for the Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations for such Redemption Date, or (ii) if the Trustee obtains fewer than four Reference Treasury Dealer Quotations for the Redemption Date, the average of all of the Reference Treasury Dealer Quotations for such Redemption Date.

 

“Independent Investment Banker” means Goldman, Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC, Wells Fargo Securities, LLC, or their respective successors or, if such firms or their successors are unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Trustee after consultation with the Company.

 

“Primary Treasury Dealer” means any primary U.S. Government securities dealer in the United States.

 

“Reference Treasury Dealer” means (1) each of Goldman, Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC, and a Primary Treasury Dealer selected by Wells Fargo Securities, LLC., and any other Primary Treasury Dealer designated by, and not affiliated with, Goldman, Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC, or Wells Fargo Securities, LLC., or their respective successors, provided, however, that if any of the foregoing or any of their respective designees ceases to be a Primary Treasury Dealer, the Company will appoint another Primary Treasury Dealer as a substitute and (2) any other Primary Treasury Dealer selected by the Company after consultation with an Independent Investment Banker.

 

  

9

  

 

“Reference Treasury Dealer Quotations” means, for any Reference Treasury Dealer and any Redemption Date, the average, as determined by an Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to an Independent Investment Banker by the Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding the Redemption Date.

 

“Treasury Yield” means, for any Redemption Date (1) the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded U.S. Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the remaining term, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue will be determined and the Treasury Yield will be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month); or (2) if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.  The Treasury Yield for any Redemption Date shall be calculated on the third Business Day preceding such Redemption Date.

 

(h)           not applicable;

 

(i)            the Securities of Series No. 26 shall be issuable in denominations of $1,000 and multiples thereof;

 

(j)            not applicable;

 

(k)           not applicable;

 

(l)            not applicable;

 

(m)           not applicable;

 

(n)           not applicable;

 

(o)           not applicable;

 

(p)           not applicable;

 

(q)           the Securities of Series No. 26 are to be initially registered in the name of Cede & Co., as nominee for The Depository Trust Company (the “Depositary”).  Such Securities shall not be transferable or exchangeable, nor shall any purported transfer be registered, except as follows:

 

  

10

  

 

(i)           such Securities may be transferred in whole, and appropriate registration of transfer effected, if such transfer is by such nominee to the Depositary, or by the Depositary to another nominee thereof, or by any nominee of the Depositary to any other nominee thereof, or by the Depositary or any nominee thereof to any successor securities depositary or any nominee thereof; and

 

(ii)           such Securities may be exchanged for definitive Securities registered in the respective names of the beneficial holders thereof, and thereafter shall be transferable without restriction, if:

 

(A)           the Depositary, or any successor securities depositary, shall have notified the Company and the Trustee that it is unwilling or unable to continue to act as securities depositary with respect to such Securities or the Depositary has ceased to be a clearing agency registered under the Securities Exchange Act of 1934, as amended, and the Trustee shall not have been notified by the Company within ninety (90) days of the identity of a successor securities depositary with respect to such Securities; or

 

(B)           the Company shall have delivered to the Trustee a Company Order to the effect that such Securities shall be so exchangeable on and after a date specified therein; or

 

(C)           (1) an Event of Default shall have occurred and be continuing, (2) the Trustee shall have given notice of such Event of Default pursuant to Section 1102 of the Original Indenture, and (3) there shall have been delivered to the Company and the Trustee an Opinion of Counsel to the effect that the interests of the beneficial owners of such Securities in respect thereof will be materially impaired unless such owners become Holders of definitive Securities;

 

(r)            not applicable;

 

(s)           no service charge shall be made for the registration of transfer or exchange of the Securities of Series No. 26; provided, however, that the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the exchange or transfer;

 

(t)            not applicable;

 

  

11

  

 

 

	 	 
(u)  

	 
(i)          If the Company shall have caused the Company’s indebtedness in respect of any Securities of Series No. 26, to have been satisfied and discharged prior to the Maturity of such Securities, as provided in Section 901 of the Original Indenture, the Company shall, promptly after the date of such satisfaction and discharge, give a notice to each Person who was a Holder of any of such Securities on such date stating (A)(1) the aggregate principal amount of such Securities and (2) the aggregate amount of any money (other than amounts, if any, deposited in respect of accrued interest on such Securities) and the aggregate principal amount of, the rate or rates of interest on, and the aggregate fair market value of, any Eligible Obligations deposited pursuant to Section 901 of the Original Indenture with respect to such Securities and (B) that the Company will provide (and the Company shall promptly so provide) to such Person, or any beneficial owner of such Securities holding through such Person (upon written request to the Company sent to an address specified in such notice), such other information as such Person or beneficial owner, as the case may be, reasonably may request in order to enable it to determine the federal income tax consequences to it resulting from the satisfaction and discharge of the Company’s indebtedness in respect of such Securities.  Thereafter, the Company shall, within forty-five (45) days after the end of each calendar year, give to each Person who at any time during such calendar year was a Holder of such Securities a notice containing (X) such information as may be necessary to enable such Person to report its income, gain or loss for federal income tax purposes with respect to such Securities or the assets held on deposit in respect thereof during such calendar year or the portion thereof during which such Person was a Holder of such Securities, as the case may be (such information to be set forth for such calendar year as a whole and for each month during such year) and (Y) a statement to the effect that the Company will provide (and the Company shall promptly so provide) to such Person, or any beneficial owner of such Securities holding through such Person (upon written request to the Company sent to an address specified in such notice), such other information as such Person or beneficial owner, as the case may be, reasonably may request in order to enable it to determine its income, gain or loss for federal income tax purposes with respect to such Securities or such assets for such year or portion thereof, as the case may be.  The obligation of the Company to provide or cause to be provided information for purposes of income tax reporting by any Person as described in the first two sentences of this paragraph shall be deemed to have been satisfied to the extent that the Company has provided or caused to be provided substantially comparable information pursuant to any requirements of the Internal Revenue Code of 1986, as amended from time to time (the “Code”) and United States Treasury regulations thereunder.

	 

 

(ii)           Notwithstanding the provisions of subparagraph (i) above, the Company shall not be required to give any notice specified in such subparagraph or to otherwise furnish any of the information contemplated therein if the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders of such Securities will not recognize income, gain or loss for federal income tax purposes as a result of the satisfaction and discharge of the Company’s indebtedness in respect of such Securities and such Holders will be subject to federal income taxation on the same amounts and in the same manner and at the same times as if such satisfaction and discharge had not occurred.

 

(iii)           Anything in this clause (u) to the contrary notwithstanding, the Company shall not be required to give any notice specified in subparagraph (i) or to otherwise furnish the information contemplated therein or to deliver any Opinion of Counsel contemplated by subparagraph (ii) if the Company shall have caused Securities of Series No. 26 to be deemed to have been paid for purposes of the Indenture, as provided in Section 901 of the Original Indenture, but shall not have effected the satisfaction and discharge of its indebtedness in respect of such Securities pursuant to such Section.

 

(v)           The Securities of Series No. 26 shall be substantially in the form attached hereto as Exhibit B, and shall have such further terms as are set forth in such form.

 

  

12

  

 

ARTICLE THREE

 

Miscellaneous Provisions

 

This Supplemental Indenture No. 23 is a supplement to the Original Indenture.  As previously supplemented and further supplemented by this Supplemental Indenture No. 23, the Original Indenture is in all respects ratified, approved and confirmed, and the Original Indenture, all previous supplements thereto and this Supplemental Indenture No. 23 shall together constitute one and the same instrument.

 

  

13

  

 

IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture No. 23 to be duly executed as of the day and year first above written.

 

	 	
PUBLIC SERVICE COMPANY OF COLORADO

	 
	 	 	 	 	 
	 	

By: 

	 	/s/  George E. Tyson II	 
	 	 	 	Name:	
George E. Tyson II

	 
	 	 	 	Title:	Vice President and Treasurer	 

 

	
STATE OF MINNESOTA

	
)

	  	
) ss:

	
COUNTY OF HENNEPIN

	
)

 

The foregoing was acknowledged before me this 15th day of March, 2013, by George E. Tyson II, the Vice President and Treasurer of Public Service Company of Colorado, a corporation organized under the laws of Colorado, on behalf of the corporation.

 

	
Witness my hand and official seal.

	  
	 	 
	
My commission expires:  January 31, 2015

	  

 

	 	/s/  Pamela C. Wilson	 
	 	Name:	
Pamela C. Wilson

	 
	 	 	Notary Public	 

 

  

14

  

 

	 	U.S. BANK NATIONAL ASSOCIATION,	 
	 	
Trustee

	 
	 	 	 	 	 
	 	

By: 

	 	

/s/  K. Wendy Kumar

	 
	 	 	 	Name:	
K. Wendy Kumar

	 
	 	 	 	Title:	
Vice President

 

	
STATE OF NEW YORK

	
)

	  	
) ss:

	
COUNTY OF KINGS

	
)

 

On the 15th day of March, 2013, before me personally came K. Wendy Kumar, to me known, who, being by me duly sworn, did depose and say that she is a Vice President of U.S. Bank National Association, the banking association described in and which executed the foregoing instrument; and that she signed her name thereto by authority of the Board of Directors of said banking association.

 

	 	
/s/  Sima Glater

	 
	 	
Name:  Sima Glater

	 
	 	
Notary Public, State of New York

	 

  

15

  

EXHIBIT A

 

FORM OF SECURITY

(See legend at the end of this Security for

restrictions on transfer)

PUBLIC SERVICE COMPANY OF COLORADO

First Mortgage Bond, Series No. 25

 

	
Original Interest Accrual Date

	 	March 26, 2013
	
Interest Rate:

	 	2.50% per annum
	
Stated Maturity:

	 	March 15, 2023
	
Interest Payment Dates:

	 	March 15  and September 15
	
Regular Record Dates:

	 	March 1 and September 1

 

This Security is not a Discount Security

within the meaning of the within-mentioned Indenture

 

	
Principal Amount

	
Registered No.

	
$

	  

 

PUBLIC SERVICE COMPANY OF COLORADO, a corporation duly organized and existing under the laws of the State of Colorado (herein called the “Company,” which term includes any successor corporation under the Indenture referred to below), for value received, hereby promises to pay to

 

, or registered assigns, the principal sum of

 

Dollars on the Stated Maturity specified above, and to pay interest thereon from the Original Interest Accrual Date specified above or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on the Interest Payment Dates specified above in each year, commencing September 15, 2013 and at Maturity, at the Interest Rate per annum specified above, until the principal hereof is paid or duly provided for.  The interest so payable, and paid or duly provided for, on any Interest Payment Date shall, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date specified above (whether or not a Business Day) next preceding such Interest Payment Date.  Notwithstanding the foregoing, interest payable at Maturity shall be paid to the Person to whom principal shall be paid.  Except as otherwise provided in said Indenture, any such interest not so paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice of which shall be given to Holders of Securities of this series not less than 15 days prior to such Special Record Date, or be paid in such other manner as permitted by the Indenture.

 

  

EXHIBIT A-1

  

 

Payment of the principal of this Security and interest hereon at Maturity shall be made upon presentation of this Security at the Corporate Trust Office of U.S. Bank National Association in New York, New York or at such other office or agency as may be designated for such purpose by the Company from time to time.  Payment of interest on this Security (other than interest at Maturity) shall be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register, except that if such Person shall be a securities depositary, such payment may be made by such other means in lieu of check as shall be agreed upon by the Company, the Trustee and such Person.  Payment of the principal of and interest on this Security, as aforesaid, shall be made in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts.

 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and issuable in one or more series under and equally secured by an Indenture, dated as of October 1, 1993 (such Indenture as originally executed and delivered and as supplemented or amended from time to time thereafter, together with any constituent instruments establishing the terms of particular Securities, being herein called the “Indenture”), between the Company and U.S. Bank National Association as successor trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the property mortgaged, pledged and held in trust, the nature and extent of the security and the respective rights, limitations of rights, duties and immunities of the Company, the Trustee and the Holders of the Securities thereunder and of the terms and conditions upon which the Securities are, and are to be, authenticated and delivered and secured.  The acceptance of this Security shall be deemed to constitute the consent and agreement by the Holder hereof to all of the terms and provisions of the Indenture.  This Security is one of the series designated above.

 

If any Interest Payment Date or the Stated Maturity shall not be a Business Day (as hereinafter defined), payment of the amounts due on this Security on such date may be made on the next succeeding Business Day; and, if such payment is made or duly provided for on such Business Day, no interest shall accrue on such amounts for the period from and after such Interest Payment Date or Stated Maturity, as the case may be, to such Business Day.

 

This Security shall be redeemable at the option of the Company at any time prior to September 15, 2022, in whole or in part, at a redemption price equal to the greater of (i) 100% of the principal amount hereof to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on this Security to be redeemed (excluding the portion of any such accrued and unpaid interest to but excluding the Redemption Date), discounted to but excluding the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Yield plus 10 basis points, plus, in each case, accrued and unpaid interest to but excluding the Redemption Date.  At any time on or after September 15, 2022, the Securities shall be redeemable, in whole or in part, at 100% of the principal amount being redeemed plus accrued and unpaid interest thereon to but excluding the Redemption Date. For purposes hereof, the following defined terms shall have the meaning ascribed to them:

 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of this Security that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of this Security.

 

“Comparable Treasury Price” means (i) the average of the Reference Treasury Dealer Quotations for the Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations for such Redemption Date, or (ii) if the Trustee obtains fewer than four Reference Treasury Dealer Quotations for the Redemption Date, the average of all of the Reference Treasury Dealer Quotations for such Redemption Date.

 

  

EXHIBIT A-2

  

 

“Independent Investment Banker” means Goldman, Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC, Wells Fargo Securities, LLC, or their respective successors or, if such firms or their successors are unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Trustee after consultation with the Company.

 

“Primary Treasury Dealer” means any primary U.S. Government securities dealer in the United States.

 

“Reference Treasury Dealer” means (1) each of Goldman, Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC, and a Primary Treasury Dealer selected by Wells Fargo Securities, LLC., and any other Primary Treasury Dealer designated by, and not affiliated with, Goldman, Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC, or Wells Fargo Securities, LLC., or their respective successors, provided, however, that if any of the foregoing or any of their respective designees ceases to be a Primary Treasury Dealer, the Company will appoint another Primary Treasury Dealer as a substitute and (2) any other Primary Treasury Dealer selected by the Company after consultation with an Independent Investment Banker.

 

“Reference Treasury Dealer Quotations” means, for any Reference Treasury Dealer and any Redemption Date, the average, as determined by an Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to an Independent Investment Banker by the Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding the Redemption Date.

 

“Treasury Yield” means, for any Redemption Date (1) the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded U.S. Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the remaining term, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue will be determined and the Treasury Yield will be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month); or (2) if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.  The Treasury Yield for any Redemption Date shall be calculated on the third Business Day preceding such Redemption Date.

 

If an Event of Default shall occur and be continuing, the principal of this Security may be declared due and payable in the manner and with the effect provided in the Indenture.

 

  

EXHIBIT A-3

  

 

The Indenture permits, with certain exceptions as therein provided, the Trustee to enter into one or more supplemental indentures for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, the Indenture with the consent of the Holders of not less than a majority in aggregate principal amount of the Securities of all series then Outstanding under the Indenture, considered as one class; provided, however, that if there shall be Securities of more than one series Outstanding under the Indenture and if a proposed supplemental indenture shall directly affect the rights of the Holders of Securities of one or more, but less than all, of such series, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Securities of all series so directly affected, considered as one class, shall be required; and provided, further, that if the Securities of any series shall have been issued in more than one Tranche and if the proposed supplemental indenture shall directly affect the rights of the Holders of Securities of one or more, but less than all, of such Tranches, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Securities of all Tranches so directly affected, considered as one class, shall be required; and provided, further, that the Indenture permits the Trustee to enter into one or more supplemental indentures for limited purposes without the consent of any Holders of Securities.  The Indenture also contains provisions permitting the Holders of a majority in principal amount of the Securities then Outstanding, on behalf of the Holders of all Securities, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences.  Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security.

 

As provided in the Indenture and subject to certain limitations therein set forth, this Security or any portion of the principal amount hereof will be deemed to have been paid for all purposes of the Indenture and to be no longer Outstanding thereunder, and, at the election of the Company, the Company’s entire indebtedness in respect thereof will be satisfied and discharged, if there has been irrevocably deposited with the Trustee or any Paying Agent (other than the Company), in trust, money in an amount which will be sufficient and/or Eligible Obligations, the principal of and interest on which when due, without regard to any reinvestment thereof, will provide moneys which, together with moneys so deposited, will be sufficient to pay when due the principal of and interest on this Security when due.

 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the Corporate Trust Office of U.S. Bank National Association in New York, New York or such other office or agency as may be designated by the Company from time to time, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series of authorized denominations and of like tenor and aggregate principal amount, will be issued to the designated transferee or transferees.

 

The Securities of this series are issuable only as registered Securities, without coupons, and in denominations of $1,000 and multiples thereof.  As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of the same series, of any authorized denominations, as requested by the Holder surrendering the same, and of like tenor upon surrender of the Security or Securities to be exchanged at the office of U.S. Bank National Association, in New York, New York or such other office or agency as may be designated by the Company from time to time.

 

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith.

 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the absolute owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

 

  

EXHIBIT A-4

  

 

The Indenture and the Securities shall be governed by and construed in accordance with the laws of the State of New York (including without limitation Section 5-1401 of the New York General Obligations Law or any successor to such statute), except to the extent that the Trust Indenture Act of 1939, as then in effect or any successor statute shall be applicable and except to the extent that the law of any jurisdiction wherein any portion of the property mortgaged pursuant to the Indenture or any indenture supplemental thereto is located shall mandatorily govern the perfection, priority or enforcement of the lien of the Indenture and all indentures supplemental thereto with respect to such portion of the mortgaged property.

 

As used herein, “Business Day” means any day, other than a Saturday or Sunday, which is not a day on which banking institutions or trust companies in The City of New York, New York, or other city in which is located any office or agency maintained for the payment of principal or interest on this Security, are authorized or required by law, regulation or executive order to remain closed.  All other terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

 

As provided in the Indenture, no recourse shall be had for the payment of the principal of or interest on any Securities, or any part thereof, or for any claim based thereon or otherwise in respect thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement under the Indenture, against, and no personal liability whatsoever shall attach to, or be incurred by, any incorporator, shareholder, officer or director, as such, past, present or future of the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any constitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that the Indenture and all the Securities are solely corporate obligations and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of the Indenture and the issuance of the Securities.

 

Unless the certificate of authentication hereon has been executed by the Trustee or an Authenticating Agent by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

 

  

EXHIBIT A-5

  

 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed and its corporate seal to be hereunto affixed and attested.

 

	 	
PUBLIC SERVICE COMPANY OF COLORADO

	 
	 	 	 
	 	By:	 	 
	 	 	Vice President and Treasurer	 

 

	Attest:	 	 
	 	
Assistant Secretary

	 

 

CERTIFICATE OF AUTHENTICATION

 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.

 

	Dated:	 	 

 

	
U.S. BANK

	
OR

	
U.S. BANK

	
NATIONAL ASSOCIATION,

	 	
NATIONAL ASSOCIATION,

	
as Trustee

	 	
as Trustee

 

	
By

	 	 	By:	 
	 	
Authorized Officer

	 	 	as Authenticating Agent
	 	 	 	 	 
	 	 	 	By:	 
	 	 	 	 	
Authorized Officer

                                             

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a limited-purpose trust company organized under the New York Banking Law (“DTC”), to the Company or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein.

 

This Security may not be transferred or exchanged, nor may any purported transfer be registered, except (i) this Security may be transferred in whole, and appropriate registration of transfer effected, if such transfer is by Cede & Co., as nominee for The Depository Trust Company (the “Depositary”), to the Depositary, or by the Depositary to another nominee thereof, or by any nominee of the Depositary to any other nominee thereof, or by the Depositary or any nominee thereof to any successor securities depositary or any nominee thereof; and (ii) this Security may be exchanged for definitive Securities registered in the respective names of the beneficial holders hereof, and thereafter shall be transferable without restrictions if:  (A) the Depositary, or any successor securities depositary, shall have notified the Company and the Trustee that it is unwilling or unable to continue to act as securities depositary with respect to the Securities and the Trustee shall not have been notified by the Company within ninety (90) days of the identity of a successor securities depositary with respect to the Securities; or (B) the Company shall have delivered to the Trustee a Company Order to the effect that the Securities shall be so exchangeable on and after a date specified therein or (C) (1) an Event of Default shall have occurred and be continuing, (2) the Trustee shall have given notice of such Event of Default pursuant to Section 1102 of the Original Indenture and (3) there shall have been delivered to the Company and the Trustee an Opinion of Counsel to the effect that the interests of the beneficial owners of such Securities in respect thereof will be materially impaired unless such owners become Holders of definitive Securities.

 

  

EXHIBIT A-6

  

 

 

 

FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto

 

 

[please insert social security or other identifying number of assignee]

[please print or typewrite name and address of assignee]

 

the within Security of PUBLIC SERVICE COMPANY OF COLORADO and does hereby irrevocably constitute and appoint __________________________________ , Attorney, to transfer said Security on the books of the within-mentioned Company, with full power of substitution in the premises.

 

	Dated:	 	 

 

 

Notice: The signature to this assignment must correspond with the name as written upon the face of the Security in every particular without alteration or enlargement or any change whatsoever.

 

  

EXHIBIT A-7

  

 

EXHIBIT B

 

FORM OF SECURITY

(See legend at the end of this Security for

restrictions on transfer)

PUBLIC SERVICE COMPANY OF COLORADO

First Mortgage Bond, Series No. 26

 

	
Original Interest Accrual Date

	 	
March 26, 2013

	
Interest Rate:

	 	
3.95% per annum

	
Stated Maturity:

	 	
March 15, 2043

	
Interest Payment Dates:

	 	
March 15  and September 15

	
Regular Record Dates:

	 	
March 1 and September 1

 

This Security is not a Discount Security

within the meaning of the within-mentioned Indenture

 

 

	
Principal Amount

	
Registered No.

	
$

 

PUBLIC SERVICE COMPANY OF COLORADO, a corporation duly organized and existing under the laws of the State of Colorado (herein called the “Company,” which term includes any successor corporation under the Indenture referred to below), for value received, hereby promises to pay to

 

, or registered assigns, the principal sum of

 

Dollars on the Stated Maturity specified above, and to pay interest thereon from the Original Interest Accrual Date specified above or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on the Interest Payment Dates specified above in each year, commencing September 15,  2013 and at Maturity, at the Interest Rate per annum specified above, until the principal hereof is paid or duly provided for.  The interest so payable, and paid or duly provided for, on any Interest Payment Date shall, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date specified above (whether or not a Business Day) next preceding such Interest Payment Date.  Notwithstanding the foregoing, interest payable at Maturity shall be paid to the Person to whom principal shall be paid.  Except as otherwise provided in said Indenture, any such interest not so paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice of which shall be given to Holders of Securities of this series not less than 15 days prior to such Special Record Date, or be paid in such other manner as permitted by the Indenture.

 

  

EXHIBIT B-1

  

 

Payment of the principal of this Security and interest hereon at Maturity shall be made upon presentation of this Security at the Corporate Trust Office of U.S. Bank National Association in New York, New York or at such other office or agency as may be designated for such purpose by the Company from time to time.  Payment of interest on this Security (other than interest at Maturity) shall be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register, except that if such Person shall be a securities depositary, such payment may be made by such other means in lieu of check as shall be agreed upon by the Company, the Trustee and such Person.  Payment of the principal of and interest on this Security, as aforesaid, shall be made in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts.

 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and issuable in one or more series under and equally secured by an Indenture, dated as of October 1, 1993 (such Indenture as originally executed and delivered and as supplemented or amended from time to time thereafter, together with any constituent instruments establishing the terms of particular Securities, being herein called the “Indenture”), between the Company and U.S. Bank National Association as successor trustee (herein called the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the property mortgaged, pledged and held in trust, the nature and extent of the security and the respective rights, limitations of rights, duties and immunities of the Company, the Trustee and the Holders of the Securities thereunder and of the terms and conditions upon which the Securities are, and are to be, authenticated and delivered and secured.  The acceptance of this Security shall be deemed to constitute the consent and agreement by the Holder hereof to all of the terms and provisions of the Indenture.  This Security is one of the series designated above.

 

If any Interest Payment Date or the Stated Maturity shall not be a Business Day (as hereinafter defined), payment of the amounts due on this Security on such date may be made on the next succeeding Business Day; and, if such payment is made or duly provided for on such Business Day, no interest shall accrue on such amounts for the period from and after such Interest Payment Date or Stated Maturity, as the case may be, to such Business Day.

 

This Security shall be redeemable at the option of the Company at any time prior to September 15, 2042, in whole or in part, at a redemption price equal to the greater of (i) 100% of the principal amount hereof to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on this Security to be redeemed (excluding the portion of any such accrued and unpaid interest to but excluding the Redemption Date), discounted to but excluding the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Yield plus 15 basis points, plus, in each case, accrued and unpaid interest to but excluding the Redemption Date.  At any time on or after September 15, 2042, the Securities shall be redeemable, in whole or in part, at 100% of the principal amount being redeemed plus accrued and unpaid interest thereon to but excluding the Redemption Date. For purposes hereof, the following defined terms shall have the meaning ascribed to them:

 

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of this Security that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of this Security.

 

“Comparable Treasury Price” means (i) the average of the Reference Treasury Dealer Quotations for the Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations for such Redemption Date, or (ii) if the Trustee obtains fewer than four Reference Treasury Dealer Quotations for the Redemption Date, the average of all of the Reference Treasury Dealer Quotations for such Redemption Date.

 

  

EXHIBIT B-2

  

 

“Independent Investment Banker” means Goldman, Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC, Wells Fargo Securities, LLC, or their respective successors or, if such firms or their successors are unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Trustee after consultation with the Company.

 

“Primary Treasury Dealer” means any primary U.S. Government securities dealer in the United States.

 

“Reference Treasury Dealer” means (1) each of Goldman, Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC, and a Primary Treasury Dealer selected by Wells Fargo Securities, LLC., and any other Primary Treasury Dealer designated by, and not affiliated with, Goldman, Sachs & Co., J.P. Morgan Securities LLC, UBS Securities LLC, or Wells Fargo Securities, LLC., or their respective successors, provided, however, that if any of the foregoing or any of their respective designees ceases to be a Primary Treasury Dealer, the Company will appoint another Primary Treasury Dealer as a substitute and (2) any other Primary Treasury Dealer selected by the Company after consultation with an Independent Investment Banker.

 

“Reference Treasury Dealer Quotations” means, for any Reference Treasury Dealer and any Redemption Date, the average, as determined by an Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to an Independent Investment Banker by the Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding the Redemption Date.

 

“Treasury Yield” means, for any Redemption Date (1) the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded U.S. Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the remaining term, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue will be determined and the Treasury Yield will be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month); or (2) if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.  The Treasury Yield for any Redemption Date shall be calculated on the third Business Day preceding such Redemption Date.

 

If an Event of Default shall occur and be continuing, the principal of this Security may be declared due and payable in the manner and with the effect provided in the Indenture.

 

  

EXHIBIT B-3

  

 

The Indenture permits, with certain exceptions as therein provided, the Trustee to enter into one or more supplemental indentures for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, the Indenture with the consent of the Holders of not less than a majority in aggregate principal amount of the Securities of all series then Outstanding under the Indenture, considered as one class; provided, however, that if there shall be Securities of more than one series Outstanding under the Indenture and if a proposed supplemental indenture shall directly affect the rights of the Holders of Securities of one or more, but less than all, of such series, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Securities of all series so directly affected, considered as one class, shall be required; and provided, further, that if the Securities of any series shall have been issued in more than one Tranche and if the proposed supplemental indenture shall directly affect the rights of the Holders of Securities of one or more, but less than all, of such Tranches, then the consent only of the Holders of a majority in aggregate principal amount of the Outstanding Securities of all Tranches so directly affected, considered as one class, shall be required; and provided, further, that the Indenture permits the Trustee to enter into one or more supplemental indentures for limited purposes without the consent of any Holders of Securities.  The Indenture also contains provisions permitting the Holders of a majority in principal amount of the Securities then Outstanding, on behalf of the Holders of all Securities, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences.  Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange therefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security.

 

As provided in the Indenture and subject to certain limitations therein set forth, this Security or any portion of the principal amount hereof will be deemed to have been paid for all purposes of the Indenture and to be no longer Outstanding thereunder, and, at the election of the Company, the Company’s entire indebtedness in respect thereof will be satisfied and discharged, if there has been irrevocably deposited with the Trustee or any Paying Agent (other than the Company), in trust, money in an amount which will be sufficient and/or Eligible Obligations, the principal of and interest on which when due, without regard to any reinvestment thereof, will provide moneys which, together with moneys so deposited, will be sufficient to pay when due the principal of and interest on this Security when due.

 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the Security Register, upon surrender of this Security for registration of transfer at the Corporate Trust Office of U.S. Bank National Association in New York, New York or such other office or agency as may be designated by the Company from time to time, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series of authorized denominations and of like tenor and aggregate principal amount, will be issued to the designated transferee or transferees.

 

The Securities of this series are issuable only as registered Securities, without coupons, and in denominations of $1,000 and multiples thereof.  As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of the same series, of any authorized denominations, as requested by the Holder surrendering the same, and of like tenor upon surrender of the Security or Securities to be exchanged at the office of U.S. Bank National Association, in New York, New York or such other office or agency as may be designated by the Company from time to time.

 

No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith.

 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the absolute owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary.

 

  

EXHIBIT B-4

  

 

The Indenture and the Securities shall be governed by and construed in accordance with the laws of the State of New York (including without limitation Section 5-1401 of the New York General Obligations Law or any successor to such statute), except to the extent that the Trust Indenture Act of 1939, as then in effect or any successor statute shall be applicable and except to the extent that the law of any jurisdiction wherein any portion of the property mortgaged pursuant to the Indenture or any indenture supplemental thereto is located shall mandatorily govern the perfection, priority or enforcement of the lien of the Indenture and all indentures supplemental thereto with respect to such portion of the mortgaged property.

 

As used herein, “Business Day” means any day, other than a Saturday or Sunday, which is not a day on which banking institutions or trust companies in The City of New York, New York, or other city in which is located any office or agency maintained for the payment of principal or interest on this Security, are authorized or required by law, regulation or executive order to remain closed.  All other terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

 

As provided in the Indenture, no recourse shall be had for the payment of the principal of or interest on any Securities, or any part thereof, or for any claim based thereon or otherwise in respect thereof, or of the indebtedness represented thereby, or upon any obligation, covenant or agreement under the Indenture, against, and no personal liability whatsoever shall attach to, or be incurred by, any incorporator, shareholder, officer or director, as such, past, present or future of the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any constitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly agreed and understood that the Indenture and all the Securities are solely corporate obligations and that any such personal liability is hereby expressly waived and released as a condition of, and as part of the consideration for, the execution of the Indenture and the issuance of the Securities.

 

Unless the certificate of authentication hereon has been executed by the Trustee or an Authenticating Agent by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

 

  

EXHIBIT B-5

  

 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed and its corporate seal to be hereunto affixed and attested.

 

	 	
PUBLIC SERVICE COMPANY OF COLORADO

	 
	 	 	 
	 	By:	 	 
	 	 	Vice President and Treasurer	 

 

	Attest:	 	 
	 	
Assistant Secretary

	 

 

CERTIFICATE OF AUTHENTICATION

 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture.

 

	Dated:	 	 

 

	
U.S. BANK

	
OR

	
U.S. BANK

	
NATIONAL ASSOCIATION,

	 	
NATIONAL ASSOCIATION,

	
as Trustee

	 	
as Trustee

 

	
By

	 	 	By:	 
	 	
Authorized Officer

	 	 	as Authenticating Agent
	 	 	 	 	 
	 	 	 	By:	 
	 	 	 	 	
Authorized Officer

 

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a limited-purpose trust company organized under the New York Banking Law (“DTC”), to the Company or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein.

 

  

EXHIBIT B-6

  

 

This Security may not be transferred or exchanged, nor may any purported transfer be registered, except (i) this Security may be transferred in whole, and appropriate registration of transfer effected, if such transfer is by Cede & Co., as nominee for The Depository Trust Company (the “Depositary”), to the Depositary, or by the Depositary to another nominee thereof, or by any nominee of the Depositary to any other nominee thereof, or by the Depositary or any nominee thereof to any successor securities depositary or any nominee thereof; and (ii) this Security may be exchanged for definitive Securities registered in the respective names of the beneficial holders hereof, and thereafter shall be transferable without restrictions if:  (A) the Depositary, or any successor securities depositary, shall have notified the Company and the Trustee that it is unwilling or unable to continue to act as securities depositary with respect to the Securities and the Trustee shall not have been notified by the Company within ninety (90) days of the identity of a successor securities depositary with respect to the Securities; or (B) the Company shall have delivered to the Trustee a Company Order to the effect that the Securities shall be so exchangeable on and after a date specified therein or (C) (1) an Event of Default shall have occurred and be continuing, (2) the Trustee shall have given notice of such Event of Default pursuant to Section 1102 of the Original Indenture and (3) there shall have been delivered to the Company and the Trustee an Opinion of Counsel to the effect that the interests of the beneficial owners of such Securities in respect thereof will be materially impaired unless such owners become Holders of definitive Securities.

 

 

FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto

 

 

[please insert social security or other identifying number of assignee]

 

[please print or typewrite name and address of assignee]

 

the within Security of PUBLIC SERVICE COMPANY OF COLORADO and does hereby irrevocably constitute and appoint __________________________________ , Attorney, to transfer said Security on the books of the within-mentioned Company, with full power of substitution in the premises.

 

	Dated:	 	 

 

 

Notice: The signature to this assignment must correspond with the name as written upon the face of the Security in every particular without alteration or enlargement or any change whatsoever.

 

  

EXHIBIT B-7

  

 

SCHEDULE A

The following table sets forth recording information relating to the recordation, in each of the specified Colorado counties, of the Indenture dated as of October 1, 1993, granted by Public Service Company of Colorado to Morgan Guaranty Trust Company of New York, Trustee (recording information for Supplemental Indentures is not shown in this table):

 

	
COUNTY

	 	
DATE

	 	
TIME

	 	
RECEPTION NUMBER

	 	
BOOK/FILM

	 	
PAGE

	 	 	 	 	 	 	 	 	 	 	 
	
Adams

	 	
Oct. 13, 1993

	 	
01:35 P.M.

	 	
Reception No. B1183903

	 	
Book 4170

	 	
Page 324

	
Alamosa

	 	
Oct. 12, 1993

	 	
03:00 P.M.

	 	
Reception No. 265666

	 	
Book 475

	 	
Page 160

	
Arapahoe

	 	
Oct. 13, 1993

	 	
04:07 P.M.

	 	
Reception No. 141032

	 	
Book 7186

	 	
Page 383

	
Archuleta

	 	
Oct. 12, 1993

	 	
02:21 P.M.

	 	
Reception No. 93006202

	 	  	 	  
	
Bent

	 	
Oct. 12, 1993

	 	
11:35 A.M.

	 	
Reception No. 278521

	 	
Book 435

	 	
Page 1

	
Boulder

	 	
Oct. 13, 1993

	 	
03:04 P.M.

	 	
Reception No. 01347991

	 	
Film 1888

	 	  
	
Broomfield

	 	
Sept. 12, 2002

	 	
02:47 P.M.

	 	
Reception No. 20020l33l3

	 	  	 	  
	
Chaffee

	 	
Oct. 14, 1993

	 	
11:00 A.M.

	 	
Reception No. 269673

	 	
Book 539

	 	
Page 518

	
Clear Creek

	 	
Oct. 12, 1993

	 	
02:25 P.M.

	 	
Reception No. 163701

	 	
Book 505

	 	
Page 631

	
Conejos

	 	
Oct. 13, 1993

	 	
09:56 A.M.

	 	
Reception No. 205693

	 	
Book 354

	 	
Page 776

	
Costilla

	 	
Oct. 13, 1993

	 	
09:00 A.M.

	 	
Reception No. 191898

	 	
Book 291

	 	
Page 117

	
Crowley

	 	
Oct. 13, 1993

	 	
08:40 A.M.

	 	
Reception No. 148850

	 	
Book 244

	 	
Page 195

	
Delta

	 	
Oct. 13, 1993

	 	
09:37 A.M.

	 	
Reception No. 471619

	 	
Book 709

	 	
Page 50

	
Denver

	 	
Oct. 12, 1993

	 	
11:24 A.M.

	 	
Reception No. 9300139814

	 	  	 	  
	
Dolores

	 	
Oct. 14, 1993

	 	
12:50 P.M.

	 	
Reception No. 133132

	 	
Book 260

	 	
Page 300

	
Douglas

	 	
Oct. 12, 1993

	 	
03:08 P.M.

	 	
Reception No. 9348340

	 	
Book 1154

	 	
Page 1

	
Eagle

	 	
Oct. 12, 1993

	 	
04:48 P.M.

	 	
Reception No. 518046

	 	
Book 621

	 	
Page 978

	
Elbert

	 	
Oct. 12, 1993

	 	
03:01 P.M.

	 	
Reception No. 313722

	 	
Book 480

	 	
Page 183

	
El Paso

	 	
Oct. 12, 1993

	 	
01:38 P.M.

	 	
Reception No. 002368410

	 	
Book 6282

	 	
Page 51

	
Fremont

	 	
Oct. 12, 1993

	 	
01:30 P.M.

	 	
Reception No. 608790

	 	
Book 1154

	 	
Page 31

	
Garfield

	 	
Oct. 12, 1993

	 	
02:20 P.M.

	 	
Reception No. 453596

	 	
Book 878

	 	
Page 193

	
Gilpin

	 	
Oct. 12, 1993

	 	
02:20 P.M.

	 	
Reception No. 79260

	 	
Book 551

	 	
Page 413

	
Grand

	 	
Oct. 12, 1993

	 	
12:45 P.M.

	 	
Reception No. 93010260

	 	  	 	  

 

  

SCHEDULE A-1

  

 

	
COUNTY

	 	
DATE

	 	
TIME

	 	
RECEPTION NUMBER

	 	
BOOK/FILM

	 	
PAGE

	 	 	 	 	 	 	 	 	 	 	 
	
Gunnison

	 	
Oct. 12, 1993

	 	
04:30 P.M.

	 	
Reception No. 446179

	 	
Book 733

	 	
Page 1

	
Huerfano

	 	
Oct. 12, 1993

	 	
11:15 A.M.

	 	
Reception No. 9244

	 	
Book 21M

	 	
Page 316

	
Jefferson

	 	
Oct. 13, 1993

	 	
09:30 A.M.

	 	
Reception No. 93163438

	 	  	 	  
	
Kiowa

	 	
Oct. 12, 1993

	 	
01:00 P.M.

	 	
Reception No. 249124

	 	
Book 409

	 	
Page 40

	
La Plata

	 	
Oct. 12, 1993

	 	
03:38 P.M.

	 	
Reception No. 655580

	 	  	 	  
	
Lake

	 	
Oct. 12, 1993

	 	
03:00 P.M.

	 	
Reception No. 305501

	 	
Book 506

	 	
Page 635

	
Larimer

	 	
Oct. 13, 1993

	 	
10:23 A.M.

	 	
Reception No. 93075587

	 	  	 	  
	
Logan

	 	
Oct. 12, 1993

	 	
01:10 P.M.

	 	
Reception No. 606328

	 	
Book 874

	 	
Page 484

	
Mesa

	 	
Oct. 12, 1993

	 	
12:06 P.M.

	 	
Reception No. 1656362

	 	
Book 2014

	 	
Page 129

	
Moffat

	 	
Oct. 12, 1993

	 	
11:00 A.M.

	 	
Reception No. 350044

	 	  	 	  
	
Montezuma

	 	
Oct. 13, 1993

	 	
10:10 A.M.

	 	
Reception No. 435373

	 	
Book 0679

	 	
Page 756

	
Montrose

	 	
Oct. 12, 1993

	 	
03:06 P.M.

	 	
Reception No. 591244

	 	
Book 862

	 	
Page 281

	
Morgan

	 	
Oct. 12, 1993

	 	
12:54 P.M.

	 	
Reception No. 738426

	 	
Book 959-60

	 	
Page 857

	
Ouray

	 	
Oct. 13, 1993

	 	
11:08 A.M.

	 	
Reception No. 154688

	 	
Book 221

	 	
Page 500

	
Park

	 	
Oct. 14, 1993

	 	
10:00 A.M.

	 	
Reception No. 417879

	 	
Book 504

	 	
Page 365

	
Pitkin

	 	
Oct. 14, 1993

	 	
03:56 P.M.

	 	
Reception No. 362054

	 	
Book 726

	 	
Page 791

	
Prowers

	 	
Oct. 12, 1993

	 	
02:00 P.M.

	 	
Reception No. 462785

	 	  	 	  
	
Pueblo

	 	
Oct. 12, 1993

	 	
11:54 A.M.

	 	
Reception No. 1021381

	 	
Book 2685

	 	
Page 768

	
Rio Blanco

	 	
Oct. 12, 1993

	 	
02:18 P.M.

	 	
Reception No. 249980

	 	
Book 506

	 	
Page 838

	
Rio Grande

	 	
Oct. 13, 1993

	 	
11:46 A.M.

	 	
Reception No. 337091

	 	
Book 450

	 	
Page 43

	
Routt

	 	
Oct. 12, 1993

	 	
11:12 A.M.

	 	
Reception No. 428347

	 	
Book 689

	 	
Page 2575

	
Saguache

	 	
Oct. 13, 1993

	 	
11:05 A.M.

	 	
Reception No. 304092

	 	
Book 486

	 	
Page 625

	
San Juan

	 	
Oct. 13, 1993

	 	
10:27 A.M.

	 	
Reception No. 136438

	 	
Book 240

	 	
Page 702

	
San Miguel

	 	
Oct. 12, 1993

	 	
04:05 P.M.

	 	
Reception No. 287896

	 	
Book 518

	 	
Page 813

	
Sedgewick

	 	
Oct. 12, 1993

	 	
02:15 P.M.

	 	
Reception No. 179877

	 	
Book 203

	 	
Page 55

	
Summit

	 	
Oct. 12, 1993

	 	
01:40 P.M.

	 	
Reception No. 453148

	 	  	 	  
	
Teller

	 	
Oct. 13, 1993

	 	
08:00 A.M.

	 	
Reception No. 412373

	 	
Book 698

	 	
Page 104

 

  

SCHEDULE A-2

  

 

	
COUNTY

	 	
DATE

	 	
TIME

	 	
RECEPTION NUMBER

	 	
BOOK/FILM

	 	
PAGE

	 	 	 	 	 	 	 	 	 	 	 
	
Washington

	 	
Oct. 12, 1993

	 	
11:20 A.M.

	 	
Reception No. 802111

	 	
Book 925

	 	
Page 955

	
Weld

	 	
Oct. 13, 1993

	 	
09:54 A.M.

	 	
Reception No. 2354434

	 	
Book 1406

	 	
Page 1

 

  

SCHEDULE A-3

  

 

Schedule B

 

Supplemental Indentures

	
Date of

Supplemental

Indenture

	 	
Series of Bonds

	 	
Principal

Amount Issued

	 	
Principal

Amount

Outstanding

	
November 1, 1993

	 	
Series No. 1

	 	
$134,500,000

	 	
None

	
January 1, 1994

	 	
Series No. 2 due 2001

	 	
$102,667,000

	 	
None

	 	 	
and

	 	 	 	 
	 	 	
Series No. 2 due 2024

	 	
$110,000,000

	 	
None

	
September 2, 1994 (Appointment of Successor Trustee)

	 	
None

	 	
None

	 	
None

	
May 1, 1996

	 	
Series No. 3

	 	
$125,000,000

	 	
None

	
November 1, 1996

	 	
Series No. 4

	 	
$250,000,000

	 	
None

	
February 1, 1997

	 	
Series No. 5

	 	
$150,000,000

	 	
None

	
April 1, 1998

	 	
Series No. 6

	 	
$250,000,000

	 	
None

	
August 15, 2002

	 	
Series No. 7

	 	
$48,750,000

	 	
None

	
September 1, 2002

	 	
Series No. 8

	 	
$600,000,000

	 	
None

	
September 15, 2002

	 	
Series No. 9

	 	
$530,000,000

	 	
None

	
April 1, 2003

	 	
Series No. 10

	 	
$600,000,000

	 	
None

	
March 1, 2003

	 	
Series No. 11

	 	
$250,000,000

	 	
None

	
September 15, 2003

	 	
Series No. 12

	 	
$250,000,000

	 	
None

	
May 1, 2003

	 	
Series No. 13

	 	
$350,000,000

	 	
None

	
September 1, 2003

	 	
Series No. 14

	 	
$300,000,000

	 	
None

	
September 1, 2003

	 	
Series No. 15

	 	
$275,000,000

	 	
$275,000,000

	
August 1, 2005

	 	
Series No. 16

	 	
$129,500,000

	 	
$129,500,000

	
August 1, 2007

	 	
Series No. 17

	 	
$350,000,000

	 	
$350,000,000

	
August 1, 2008

	 	
Series No. 18 due 2018

	 	
$300,000,000

	 	
$300,000,000

	 	 	
and

	 	 	 	 
	 	 	
Series No. 19 due 2038

	 	
$300,000,000

	 	
$300,000,000

	
May 1, 2009

	 	
Series No. 20 due 2019

	 	
$400,000,000

	 	
$400,000,000

	
November 1, 2010

	 	
Series No. 21 due 2020

	 	
$400,000,000

	 	
$400,000,000

	
August 1, 2011

	 	
Series No. 22 due 2041

	 	
$250,000,000

	 	
$250,000,000

	
September 1, 2012

	 	
Series No. 23 due 2022

	 	
$300,000,000

	 	
$300,000,000

	 	 	
and

	 	 	 	 
	 	 	
Series No. 24 due 2042

	 	
$500,000,000

	 	
$500,000,000

	
March 1, 2013

	 	
Series No. 25 due 2023

	 	
$250,000,000

	 	
$250,000,000

	 	 	
and

	 	 	 	 
	 	 	
Series No. 26 due 2043

	 	
$250,000,000

	 	
$250,000,000

 

  

SCHEDULE B-1

  

 

Schedule C

 

DESCRIPTION OF PROPERTY

 

The following properties are in the State of Colorado and the counties thereof:

Mesa County

DeBeque Substation

A parcel of land situated in the SE1/4 NW1/4 of Section 27, Township 8 South, Range 97 West of the Sixth Principal Meridian, in the Town of DeBeque, County of Mesa, State of Colorado, being more particularly described as follows:

Commencing at the aluminum cap marker PLS 16413 at the Center one-quarter corner of said Section 27, whence the B.L.M. aluminum cap marker at the Center-North one-sixteenth corner bears North 00°04’40” East; Thence North 38°35’06” West, a distance of 948.18 feet to a point on the northerly right-of-way line of the Union Pacific Railroad, being the southeast corner of that parcel of land described in a Warranty Deed recorded in Book 2208 at page 770, marked with an aluminum cap PE-PLS 25755, the Point of Beginning of the parcel herein described; Thence North 02°39’31” West, a distance of 199.67 feet to an aluminum cap PE-PLS 25755 at the northeast corner of said parcel; Thence South 90°00’00” East, a distance of 155.00 feet to a #5 rebar and aluminum cap PLS 18478; Thence South 24°15’05” West, a distance of 194.77 feet to a #5 rebar and aluminum cap PLS 18478 at the northerly right-of-way line of the Union Pacific Railroad; Thence South 71°35’41” West, a distance of 69.28 feet to the Point of Beginning.

Weld County

Godfrey Substation Expansion

A parcel of land located in the Southwest Quarter of the Southwest Quarter of Section 3, Township 4 North, Range 66 West of the 6th Principal Meridian, County of Weld, State of Colorado, being more particularly described as follows:

COMMENCING at the Southwest Corner of said Section 3, whence the South One-sixteenth Corner of said Section 3/Section 4 bears N03°31'59"W a distance of 1461.30 feet;

THENCE N10°18'35"E a distance of 1035.38 feet to the POINT OF BEGINNING, being the southerly most corner of that parcel of land described in Book 1143, Page 1618 recorded on January 23, 1987 in the Weld County Clerk and Recorder's office;

THENCE N28°07'12"W along the southwesterly line and prolongation thereof said parcel of land described in Book 1143, Page 1618 a distance of 134.47 feet;

THENCE N61°30'06"E along a line being 5.00 northwesterly of and parallel with the northwesterly line of said parcel of land described in Book 1143, Page 1618 a distance of 227.16 feet;

THENCE S28°03'43"E along a line being 27.00 feet northeasterly of and parallel with the northeasterly line of said parcel of land described in Book 1143, Page 1618 a distance of 156.92 feet;

THENCE S61°52'01"W along a line being 21.00 feet southeasterly of and parallel with the southeasterly line of said parcel of land described in Book 1143, Page 1618 a distance of 227.00 feet;

THENCE N28°07'12"W along said prolongation of the southwesterly line that parcel of land described in Book 1143, Page 1618 a distance of 21.00 feet to the POINT OF BEGINNING.

 

  

SCHEDULE C-1

  

 

Containing 35,468 square feet, more or less.

Excepting said parcel of land described in Book 1143, Page 1618, containing 24,424 square feet, more or less.

 

 

SCHEDULE C-2

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