Document:

EX-4.263

Exhibit 4-263

INDENTURE

DATED AS OF MARCH 15, 2009

 

THE DETROIT EDISON COMPANY

(One Energy Plaza, Detroit, Michigan 48226)

TO

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

(719 Griswold Street, Suite 930, Detroit, Michigan 48226)

AS TRUSTEE

 

SUPPLEMENTAL TO MORTGAGE AND DEED OF TRUST

DATED AS OF OCTOBER 1, 1924

PROVIDING FOR

(A) GENERAL AND REFUNDING MORTGAGE BONDS,

2009 SERIES BT

AND

(B) RECORDING AND FILING DATA

1

 

TABLE OF CONTENTS*

	 	 	 
	 	 	PAGE
	PARTIES
	 	3
	RECITALS
	 	3
	Original Indenture and Supplementals
	 	3
	Issue of Bonds Under Indenture
	 	3
	Bonds Heretofore Issued
	 	4
	Reason for Creation of New Series
	 	10
	Bonds to be 2009 Series BT
	 	10
	Further Assurance
	 	10
	Authorization of Supplemental Indenture
	 	11
	Consideration for Supplemental Indenture
	 	11
	PART I. CREATION OF THREE HUNDRED FIFTY-FIFTH SERIES OF BONDS, GENERAL AND
REFUNDING MORTGAGE BONDS, 2009 SERIES BT
	 	11
	Sec. 1. Terms of Bonds of 2009 Series BT
	 	11
	Sec. 2. Release
	 	14
	Sec. 3. Redemption of Bonds of 2009 Series BT
	 	14
	Sec. 4. Redemption of Bonds of 2009 Series BT in Event of Acceleration of
Notes or in Event of Redemption of Notes Upon Acceleration of Strategic
Fund Bonds
	 	14
	Sec. 5. Form of Bonds of 2009 Series BT
	 	15
	Form of Trustee’s Certificate
	 	19
	PART II. RECORDING AND FILING DATA
	 	20
	Recording and Filing of Original Indenture
	 	20
	Recording and Filing of Supplemental Indentures
	 	20
	Recording and Filing of Supplemental Indenture Dated as of December 1, 2008
	 	25
	Recording of Certificates of Provision for Payment
	 	26
	PART III. THE TRUSTEE
	 	26
	Terms and Conditions of Acceptance of Trust by Trustee
	 	26
	PART IV. MISCELLANEOUS
	 	27
	Confirmation of Section 318(c) of Trust Indenture Act
	 	27
	Execution in Counterparts
	 	27
	EXECUTION
	 	27
	Testimonium
	 	27
	Execution by Company
	 	28
	Acknowledgment of Execution by Company
	 	29
	Execution by Trustee
	 	30
	Acknowledgment of Execution by Trustee
	 	31
	Affidavit as to Consideration and Good Faith
	 	32

 

			
	*	 	This Table of Contents shall not have any bearing upon the interpretation of any of the terms
or provisions of this Indenture.

2

 

	 	 	 
	PARTIES.

	 	SUPPLEMENTAL INDENTURE, dated as of the 15th day of March, in the year
2009, between THE DETROIT EDISON COMPANY, a corporation organized and
existing under the laws of the State of Michigan and a public utility
(hereinafter called the “Company”), party of the first part, and The
Bank of New York Mellon Trust Company, N.A., a trust company organized
and existing under the laws of the United States, having a corporate
trust agency office at 719 Griswold Street, Suite 930, Detroit,
Michigan 48226, as successor Trustee under the Mortgage and Deed of
Trust hereinafter mentioned (hereinafter called the “Trustee”), party
of the second part.
	 
	 	 
	ORIGINAL INDENTURE AND
SUPPLEMENTALS.

	 	WHEREAS, the Company has heretofore executed and delivered its Mortgage
and Deed of Trust (hereinafter referred to as the “Original
Indenture”), dated as of October 1, 1924, to the Trustee, for the
security of all bonds of the Company outstanding thereunder, and
pursuant to the terms and provisions of the Original Indenture,
indentures dated as of, respectively, June 1, 1925, August 1, 1927,
February 1, 1931, June 1, 1931, October 1, 1932, September 25, 1935,
September 1, 1936, November 1, 1936, February 1, 1940, December 1,
1940, September 1, 1947, March 1, 1950, November 15, 1951, January 15,
1953, May 1, 1953, March 15, 1954, May 15, 1955, August 15, 1957, June
1, 1959, December 1, 1966, October 1, 1968, December 1, 1969, July 1,
1970, December 15, 1970, June 15, 1971, November 15, 1971, January 15,
1973, May 1, 1974, October 1, 1974, January 15, 1975, November 1, 1975,
December 15, 1975, February 1, 1976, June 15, 1976, July 15, 1976,
February 15, 1977, March 1, 1977, June 15, 1977, July 1, 1977, October
1, 1977, June 1, 1978, October 15, 1978, March 15, 1979, July 1, 1979,
September 1, 1979, September 15, 1979, January 1, 1980, April 1, 1980,
August 15, 1980, August 1, 1981, November 1, 1981, June 30, 1982,
August 15, 1982, June 1, 1983, October 1, 1984, May 1, 1985, May 15,
1985, October 15, 1985, April 1, 1986, August 15, 1986, November 30,
1986, January 31, 1987, April 1, 1987, August 15, 1987, November 30,
1987, June 15, 1989, July 15, 1989, December 1, 1989, February 15,
1990, November 1, 1990, April 1, 1991, May 1, 1991, May 15, 1991,
September 1, 1991, November 1, 1991, January 15, 1992, February 29,
1992, April 15, 1992, July 15, 1992, July 31, 1992, November 30, 1992,
December 15, 1992, January 1, 1993, March 1, 1993, March 15, 1993,
April 1, 1993, April 26, 1993, May 31, 1993, June 30, 1993, June 30,
1993, September 15, 1993, March 1, 1994, June 15, 1994, August 15,
1994, December 1, 1994, August 1, 1995, August 1, 1999, August 15,
1999, January 1, 2000, April 15, 2000, August 1, 2000, March 15, 2001,
May 1, 2001, August 15, 2001, September 15, 2001, September 17, 2002,
October 15, 2002, December 1, 2002, August 1, 2003, March 15, 2004,
July 1, 2004, February 1, 2005, April 1, 2005, August 1, 2005,
September 15, 2005, September 30, 2005, May 15, 2006, December 1, 2006,
December 1, 2007, April 1, 2008, May 1, 2008, June 1, 2008, July 1,
2008, October 1, 2008 and December 1, 2008 supplemental to the Original
Indenture, have heretofore been entered into between the Company and
the Trustee (the Original Indenture and all indentures supplemental
thereto together being hereinafter sometimes referred to as the
“Indenture”); and
	 
	 	 
	ISSUE OF BONDS UNDER INDENTURE.

	 	WHEREAS, the Indenture provides that said bonds shall be issuable in
one or more series, and makes provision that the rates of interest and
dates for the payment thereof, the date of maturity or dates of
maturity, if of serial maturity, the terms and rates of optional
redemption (if redeemable), the forms of registered bonds without
coupons of any series and any other provisions and

3

 

	 	 	 
	 

	 	agreements in
respect thereof, in the Indenture provided and permitted, as the Board
of Directors may determine, may be expressed in a supplemental
indenture to be made by the Company to the Trustee thereunder; and
	 
	 	 
	BONDS HERETOFORE ISSUED.

	 	WHEREAS, bonds in the principal amount of Thirteen billion two hundred
eighty-one million three hundred fifty-two thousand dollars
($13,281,352,000) have heretofore been issued under the Indenture as
follows, viz:

	 	 	 	 	 	 	 
	 
	 	(1)	 	Bonds of Series A	 	— Principal Amount $26,016,000,
	 
	 	 	 	 	 	 
	 
	 	(2)	 	Bonds of Series B	 	— Principal Amount $23,000,000,
	 
	 	 	 	 	 	 
	 
	 	(3)	 	Bonds of Series C	 	— Principal Amount $20,000,000,
	 
	 	 	 	 	 	 
	 
	 	(4)	 	Bonds of Series D	 	— Principal Amount $50,000,000,
	 
	 	 	 	 	 	 
	 
	 	(5)	 	Bonds of Series E	 	— Principal Amount $15,000,000,
	 
	 	 	 	 	 	 
	 
	 	(6)	 	Bonds of Series F	 	— Principal Amount $49,000,000,
	 
	 	 	 	 	 	 
	 
	 	(7)	 	Bonds of Series G	 	— Principal Amount $35,000,000,
	 
	 	 	 	 	 	 
	 
	 	(8)	 	Bonds of Series H	 	— Principal Amount $50,000,000,
	 
	 	 	 	 	 	 
	 
	 	(9)	 	Bonds of Series I	 	— Principal Amount $60,000,000,
	 
	 	 	 	 	 	 
	 
	 	(10)	 	Bonds of Series J	 	— Principal Amount $35,000,000,
	 
	 	 	 	 	 	 
	 
	 	(11)	 	Bonds of Series K	 	— Principal Amount $40,000,000,
	 
	 	 	 	 	 	 
	 
	 	(12)	 	Bonds of Series L	 	— Principal Amount $24,000,000,
	 
	 	 	 	 	 	 
	 
	 	(13)	 	Bonds of Series M	 	— Principal Amount $40,000,000,
	 
	 	 	 	 	 	 
	 
	 	(14)	 	Bonds of Series N	 	— Principal Amount $40,000,000,
	 
	 	 	 	 	 	 
	 
	 	(15)	 	Bonds of Series O	 	— Principal Amount $60,000,000,
	 
	 	 	 	 	 	 
	 
	 	(16)	 	Bonds of Series P	 	— Principal Amount $70,000,000,
	 
	 	 	 	 	 	 
	 
	 	(17)	 	Bonds of Series Q	 	— Principal Amount $40,000,000,
	 
	 	 	 	 	 	 
	 
	 	(18)	 	Bonds of Series W	 	— Principal Amount $50,000,000,
	 
	 	 	 	 	 	 
	 
	 	(19)	 	Bonds of Series AA	 	— Principal Amount $100,000,000,
	 
	 	 	 	 	 	 
	 
	 	(20)	 	Bonds of Series BB	 	— Principal Amount $50,000,000,
	 
	 	 	 	 	 	 
	 
	 	(21)	 	Bonds of Series CC	 	— Principal Amount $50,000,000,
	 
	 	 	 	 	 	 
	 
	 	(22)	 	Bonds of Series UU	 	— Principal Amount $100,000,000,
	 
	
	 	(23-31)	 	Bonds of Series DDP Nos. 1-9	 	— Principal Amount $14,305,000,

4

 

	 	 	 	 	 	 	 
	
	 	(32-45)	 	Bonds of Series FFR Nos. 1-14	 	— Principal Amount $45,600,000,
	 
	 	 	 	 	 	 
	 
	 	(46-67)	 	Bonds of Series GGP Nos. 1-22	 	— Principal Amount $42,300,000,
	 
	 	 	 	 	 	 
	 
	 	(68)	 	Bonds of Series HH	 	— Principal Amount $50,000,000,
	 
	 	 	 	 	 	 
	 
	 	(69-90)	 	Bonds of Series IIP Nos. 1-22	 	— Principal Amount $3,750,000,
	 
	 	 	 	 	 	 
	 
	 	(91-98)	 	Bonds of Series JJP Nos. 1-8	 	— Principal Amount $6,850,000,
	 
	 	 	 	 	 	 
	 
	 	(99-107)	 	Bonds of Series KKP Nos. 1-9	 	— Principal Amount $34,890,000,
	 
	 	 	 	 	 	 
	 
	 	(108-122)	 	Bonds of Series LLP Nos. 1-15	 	— Principal Amount $8,850,000,
	 
	 	 	 	 	 	 
	 
	 	(123-143)	 	Bonds of Series NNP Nos. 1-21	 	— Principal Amount $47,950,000,
	 
	 	 	 	 	 	 
	 
	 	(144-161)	 	Bonds of Series OOP Nos. 1-18	 	— Principal Amount $18,880,000,
	 
	 	 	 	 	 	 
	 
	 	(162-180)	 	Bonds of Series QQP Nos. 1-19	 	— Principal Amount $13,650,000,
	 
	 	 	 	 	 	 
	 
	 	(181-195)	 	Bonds of Series TTP Nos. 1-15	 	— Principal Amount $3,800,000,
	 
	 	 	 	 	 	 
	 
	 	(196)	 	Bonds of 1980 Series A	 	— Principal Amount $50,000,000,
	 
	 	 	 	 	 	 
	 
	 	(197-221)	 	Bonds of 1980 Series CP Nos. 1-25	 	— Principal Amount $35,000,000,
	 
	 	 	 	 	 	 
	 
	 	(222-232)	 	Bonds of 1980 Series DP Nos. 1-11	 	— Principal Amount $10,750,000,
	 
	 	 	 	 	 	 
	 
	 	(233-248)	 	Bonds of 1981 Series AP Nos. 1-16	 	— Principal Amount $124,000,000,
	 
	 	 	 	 	 	 
	 
	 	(249)	 	Bonds of 1985 Series A	 	— Principal Amount $35,000,000,
	 
	 	 	 	 	 	 
	 
	 	(250)	 	Bonds of 1985 Series B	 	— Principal Amount $50,000,000,
	 
	 	 	 	 	 	 
	 
	 	(251)	 	Bonds of Series PP	 	— Principal Amount $70,000,000,
	 
	 	 	 	 	 	 
	 
	 	(252)	 	Bonds of Series RR	 	— Principal Amount $70,000,000,
	 
	 	 	 	 	 	 
	 
	 	(253)	 	Bonds of Series EE	 	— Principal Amount $50,000,000,
	 
	 	 	 	 	 	 
	 
	 	(254-255)	 	Bonds of Series MMP and MMP No. 2	 	— Principal Amount $5,430,000,
	 
	 	 	 	 	 	 
	 
	 	(256)	 	Bonds of Series T	 	— Principal Amount $75,000,000,
	 
	 	 	 	 	 	 
	 
	 	(257)	 	Bonds of Series U	 	— Principal Amount $75,000,000,
	 
	 	 	 	 	 	 
	 
	 	(258)	 	Bonds of 1986 Series B	 	— Principal Amount $100,000,000,
	 
	 	 	 	 	 	 
	 
	 	(259)	 	Bonds of 1987 Series D	 	— Principal Amount $250,000,000,

5

 

	 	 	 	 	 	 	 
	 
	 	(260)	 	Bonds of 1987 Series E	 	— Principal Amount $150,000,000,
	 
	 	 	 	 	 	 
	 
	 	(261)	 	Bonds of 1987 Series C	 	— Principal Amount $225,000,000,
	 
	 	 	 	 	 	 
	 
	 	(262)	 	Bonds of Series V	 	— Principal Amount $100,000,000,
	 
	 	 	 	 	 	 
	 
	 	(263)	 	Bonds of Series SS	 	— Principal Amount $150,000,000,
	 
	 	 	 	 	 	 
	 
	 	(264)	 	Bonds of 1980 Series B	 	— Principal Amount $100,000,000,
	 
	 	 	 	 	 	 
	 
	 	(265)	 	Bonds of 1986 Series C	 	— Principal Amount $200,000,000,
	 
	 	 	 	 	 	 
	 
	 	(266)	 	Bonds of 1986 Series A	 	— Principal Amount $200,000,000,
	 
	 	 	 	 	 	 
	 
	 	(267)	 	Bonds of 1987 Series B	 	— Principal Amount $175,000,000,
	 
	 	 	 	 	 	 
	 
	 	(268)	 	Bonds of Series X	 	— Principal Amount $100,000,000,
	 
	 	 	 	 	 	 
	 
	 	(269)	 	Bonds of 1987 Series F	 	— Principal Amount $200,000,000,
	 
	 	 	 	 	 	 
	 
	 	(270)	 	Bonds of 1987 Series A	 	— Principal Amount $300,000,000,
	 
	 	 	 	 	 	 
	 
	 	(271)	 	Bonds of Series Y	 	— Principal Amount $60,000,000,
	 
	 	 	 	 	 	 
	 
	 	(272)	 	Bonds of Series Z	 	— Principal Amount $100,000,000,
	 
	 	 	 	 	 	 
	 
	 	(273)	 	Bonds of 1989 Series A	 	— Principal Amount $300,000,000,
	 
	 	 	 	 	 	 
	 
	 	(274)	 	Bonds of 1984 Series AP	 	— Principal Amount $2,400,000,
	 
	 	 	 	 	 	 
	 
	 	(275)	 	Bonds of 1984 Series BP	 	— Principal Amount $7,750,000,
	 
	 	 	 	 	 	 
	 
	 	(276)	 	Bonds of Series R	 	— Principal Amount $100,000,000,
	 
	 	 	 	 	 	 
	 
	 	(277)	 	Bonds of Series S	 	— Principal Amount $150,000,000,
	 
	 	 	 	 	 	 
	 
	 	(278)	 	Bonds of 1993 Series D	 	— Principal Amount $100,000,000,
	 
	 	 	 	 	 	 
	 
	 	(279)	 	Bonds of 1992 Series E	 	— Principal Amount $50,000,000,
	 
	 	 	 	 	 	 
	 
	 	(280)	 	Bonds of 1993 Series B	 	— Principal Amount $50,000,000,
	 
	 	 	 	 	 	 
	 
	 	(281)	 	Bonds of 1989 Series BP	 	— Principal Amount $66,565,000,
	 
	 	 	 	 	 	 
	 
	 	(282)	 	Bonds of 1990 Series A	 	— Principal Amount $194,649,000,
	 
	 	 	 	 	 	 
	 
	 	(283)	 	Bonds of 1990 Series D	 	— Principal Amount $0,
	 
	 	 	 	 	 	 
	 
	 	(284)	 	Bonds of 1993 Series G	 	— Principal Amount $225,000,000,
	 
	 	 	 	 	 	 
	 
	 	(285)	 	Bonds of 1993 Series K	 	— Principal Amount $160,000,000,
	 
	 	 	 	 	 	 
	 
	 	(286)	 	Bonds of 1991 Series EP	 	— Principal Amount $41,480,000,

6

 

	 	 	 	 	 	 	 
	 
	 	(287)	 	Bonds of 1993 Series H	 	— Principal Amount $50,000,000,
	 
	 	 	 	 	 	 
	 
	 	(288)	 	Bonds of 1999 Series D	 	— Principal Amount $40,000,000,
	 
	 	 	 	 	 	 
	 
	 	(289)	 	Bonds of 1991 Series FP	 	— Principal Amount $98,375,000,
	 
	 	 	 	 	 	 
	 
	 	(290)	 	Bonds of 1992 Series BP	 	— Principal Amount $20,975,000,
	 
	 	 	 	 	 	 
	 
	 	(291)	 	Bonds of 1992 Series D	 	— Principal Amount $300,000,000,
	 
	 	 	 	 	 	 
	 
	 	(292)	 	Bonds of 1992 Series CP	 	— Principal Amount $35,000,000,
	 
	 	 	 	 	 	 
	 
	 	(293)	 	Bonds of 1993 Series C	 	— Principal Amount $225,000,000,
	 
	 	 	 	 	 	 
	 
	 	(294)	 	Bonds of 1993 Series E	 	— Principal Amount $400,000,000,
	 
	 	 	 	 	 	 
	 
	 	(295)	 	Bonds of 1993 Series J	 	— Principal Amount $300,000,000,
	 
	 	 	 	 	 	 
	 
	 	(296-301)	 	Bonds of Series KKP Nos. 10-15	 	— Principal Amount $179,590,000,
	 
	 	 	 	 	 	 
	 
	 	(302)	 	Bonds of 1989 Series BP No. 2	 	— Principal Amount $36,000,000,
	 
	 	 	 	 	 	 
	 
	 	(303)	 	Bonds of 1993 Series FP	 	— Principal Amount $5,685,000,
	 
	 	 	 	 	 	 
	 
	 	(304)	 	Bonds of 1993 Series IP	 	— Principal Amount $5,825,000,
	 
	 	 	 	 	 	 
	 
	 	(305)	 	Bonds of 1994 Series AP	 	— Principal Amount $7,535,000,
	 
	 	 	 	 	 	 
	 
	 	(306)	 	Bonds of 1994 Series BP	 	— Principal Amount $12,935,000,
	 
	 	 	 	 	 	 
	 
	 	(307)	 	Bonds of 1994 Series DP	 	— Principal Amount $23,700,000,
	 
	 	 	 	 	 	 
	 
	 	(308)	 	Bonds of 1994 Series C	 	— Principal Amount $200,000,000,
	 
	 	 	 	 	 	 
	 
	 	(309)	 	Bonds of 2000 Series A	 	— Principal Amount $220,000,000,
	 
	 	 	 	 	 	 
	 
	 	(310)	 	Bonds of 2005 Series A	 	— Principal Amount $200,000,000,
	 
	 	 	 	 	 	 
	 
	 	(311)	 	Bonds of 1995 Series AP	 	— Principal Amount $97,000,000,
	 
	 	 	 	 	 	 
	 
	 	(312)	 	Bonds of 1995 Series BP	 	— Principal Amount $22,175,000,
	 
	 	 	 	 	 	 
	 
	 	(313)	 	Bonds of 2001 Series D	 	— Principal Amount $200,000,000,
	 
	 	 	 	 	 	 
	 
	 	(314)	 	Bonds of 2005 Series B	 	— Principal Amount $200,000,000,
	 
	 	 	 	 	 	 
	 
	 	(315)	 	Bonds of 2006 Series CT	 	— Principal Amount $68,500,000,
	 
	 	 	 	 	 	 
	 
	 	(316)	 	Bonds of 2005 Series DT	 	— Principal Amount $119,175,000, and
	 
	 	 	 	 	 	 
	 
	 	(317)	 	Bonds of 1991 Series AP	 	— Principal Amount $32,375,000,

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	all of which have either been retired and cancelled, or no longer
represent obligations of the Company, having matured or having been
called for

7

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	redemption and funds necessary to effect the payment,
redemption and retirement thereof having been deposited with the
Trustee as a special trust fund to be applied for such purpose;
	 
	 	 	 	 	 	 
	 

	 	 	(318	)	 	Bonds of 1990 Series B in the principal amount of Two hundred fifty-six
million nine hundred thirty-two thousand dollars ($256,932,000) of
which One hundred eighty million eight hundred four thousand dollars
($180,804,000) principal amount have heretofore been retired;
	 
	 	 	 	 	 	 
	 

	 	 	(319	)	 	Bonds of 1990 Series C in the principal amount of Eighty-five million
four hundred seventy-five thousand dollars ($85,475,000) of which Sixty
four million nine hundred sixty one thousand dollars ($64,961,000)
principal amount have heretofore been retired;
	 
	 	 	 	 	 	 
	 

	 	 	(320	)	 	INTENTIONALLY RESERVED FOR 1990 SERIES E;
	 
	 	 	 	 	 	 
	 

	 	 	(321	)	 	INTENTIONALLY RESERVED FOR 1990 SERIES F;
	 
	 	 	 	 	 	 
	 

	 	 	(322	)	 	Bonds of 1991 Series BP in the principal amount of Twenty-five million
nine hundred ten thousand dollars ($25,910,000), all of which are
outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(323	)	 	Bonds of 1991 Series CP in the principal amount of Thirty-two million
eight hundred thousand dollars ($32,800,000), all of which are
outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(324	)	 	Bonds of 1991 Series DP in the principal amount of Thirty-seven million
six hundred thousand dollars ($37,600,000), all of which are
outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(325	)	 	Bonds of 1992 Series AP in the principal amount of Sixty-six million
dollars ($66,000,000), all of which are outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(326	)	 	Bonds of 1993 Series AP in the principal amount of Sixty-five million
dollars ($65,000,000), all of which are outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(327	)	 	Bonds of 1999 Series AP in the principal amount of One hundred eighteen
million three hundred sixty thousand dollars ($118,360,000), all of
which are outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(328	)	 	Bonds of 1999 Series BP in the principal amount of Thirty-nine million
seven hundred forty-five thousand dollars ($39,745,000), all of which
are outstanding of the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(329	)	 	Bonds of 1999 Series CP in the principal amount of Sixty-six million
five hundred sixty-five thousand dollars ($66,565,000), all of which
are outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(330	)	 	Bonds of 2000 Series B in the principal amount of Fifty million seven
hundred forty-five thousand dollars ($50,745,000), all of which are
outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(331	)	 	Bonds of 2001 Series AP in the principal amount of Thirty-one million
($31,000,000), all of which are outstanding at the date hereof;

8

 

	 	 	 	 	 	 	 
	 

	 	 	(332	)	 	Bonds of 2001 Series BP in the principal amount of Eighty-two million
three hundred fifty thousand ($82,350,000), all of which are
outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(333	)	 	Bonds of 2001 Series CP in the principal amount of One hundred
thirty-nine million eight hundred fifty-five thousand dollars
($139,855,000), all of which are outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(334	)	 	Bonds of 2001 Series E in the principal amount of Five hundred million
dollars ($500,000,000), all of which are outstanding at the date
hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(335	)	 	Bonds of 2002 Series A in the principal amount of Two hundred
twenty-five million dollars ($225,000,000), all of which are
outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(336	)	 	Bonds of 2002 Series B in the principal amount of Two hundred
twenty-five million dollars ($225,000,000), all of which are
outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(337	)	 	Bonds of 2002 Series C in the principal amount of Sixty-four million
three hundred thousand dollars ($64,300,000), all of which are
outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(338	)	 	Bonds of 2002 Series D in the principal amount of Fifty-five million
nine hundred seventy-five thousand dollars ($55,975,000), all of which
are outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(339	)	 	Bonds of 2003 Series A in the principal amount of Forty-nine million
dollars ($49,000,000), all of which are outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(340	)	 	Bonds of 2004 Series A in the principal amount of Thirty-six million
dollars ($36,000,000), all of which are outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(341	)	 	Bonds of 2004 Series B in the principal amount of Thirty-one million
nine hundred eighty thousand dollars ($31,980,000), all of which are
outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(342	)	 	Bonds of 2004 Series D in the principal amount of Two hundred million
dollars ($200,000,000), all of which are outstanding at the date
hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(343	)	 	Bonds of 2005 Series AR in the principal amount of Two hundred million
dollars ($200,000,000), all of which are outstanding at the date
hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(344	)	 	Bonds of 2005 Series BR in the principal amount of Two hundred million
dollars ($200,000,000), all of which are outstanding at the date
hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(345	)	 	Bonds of 2005 Series C in the principal amount of One hundred million
dollars ($100,000,000), all of which are outstanding at the date
hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(346	)	 	Bonds of 2005 Series E in the principal amount of Two hundred fifty
million dollars ($250,000,000), all of which are outstanding at the
date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(347	)	 	Bonds of 2006 Series A in the principal amount of Two hundred fifty
million dollars ($250,000,000), all of which are outstanding at the
date hereof;

9

 

	 	 	 	 	 	 	 
	 

	 	 	(348	)	 	Bonds of 2007 Series A in the principal amount of Fifty million dollars
($50,000,000), all of which are outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(349	)	 	Bonds of 2008 Series DT in the principal amount of Sixty-eight million
five hundred thousand dollars ($68,500,000), all of which are
outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(350	)	 	Bonds of 2008 Series ET in the principal amount of One hundred
nineteen million one hundred seventy-five thousand dollars
($119,175,000), all of which are outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(351	)	 	Bonds of 2008 Series G in the principal amount of Three hundred million
dollars ($300,000,000), all of which are outstanding at the date
hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(352	)	 	Bonds of 2008 Series KT in the principal amount of Thirty-two million
three hundred seventy-five thousand dollars ($32,375,000), all of which
are outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	(353	)	 	Bonds of 2008 Series J in the principal amount of Two hundred fifty
million dollars ($250,000,000), all of which are outstanding at the
date hereof; and
	 
	 	 	 	 	 	 
	 

	 	 	(354	)	 	Bonds of 2008 Series LT in the principal amount of Fifty million
dollars ($50,000,000), all of which are outstanding at the date hereof;
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	accordingly, the Company has issued and has presently outstanding Four
billion one hundred nine million eight hundred seventy-seven thousand
dollars ($4,109,877,000) aggregate principal amount of its General and
Refunding Mortgage Bonds (the “Bonds”) at the date hereof.

	 	 	 
	REASON FOR CREATION OF NEW
SERIES.

	 	WHEREAS, the Company intends to issue a series of Notes under the Note
Indenture herein referred to, and, pursuant to the Note Indenture, in
order to secure its obligations under the Loan Agreement dated as of
April 1, 2009 between the Company and the Michigan Strategic Fund
relating to the Michigan Strategic Fund Limited Obligation Refunding
Revenue Bonds (The Detroit Edison Company Exempt Facilities Project),
Collateralized Series 2009BT (the “Strategic Fund Bonds”) being issued
under the Trust Indenture dated as of April 1, 2009 (the “Strategic
Fund Indenture”) between the Michigan Strategic Fund and The Bank of
New York Mellon Trust Company, N.A., as trustee (the “Strategic Fund
Bond Trustee”), the Company has agreed to issue its General and
Refunding Mortgage Bonds under the Indenture in order further to secure
its obligations with respect to such Notes; and
	 
	 	 
	BONDS TO BE 2009 SERIES BT.

	 	WHEREAS, for such purpose the Company desires by this Supplemental
Indenture to create a new series of bonds, to be designated “General
and Refunding Mortgage Bonds, 2009 Series BT,” in the aggregate
principal amount of Sixty-eight million five hundred thousand dollars
($68,500,000), to be authenticated and delivered pursuant to Section 8
of Article III of the Indenture; and
	 
	 	 
	FURTHER ASSURANCE.

	 	WHEREAS, the Original Indenture, by its terms, includes in the property
subject to the lien thereof all of the estates and properties, real,
personal and mixed, rights, privileges and franchises of every nature
and kind and wheresoever situate, then or thereafter owned or possessed
by or belonging to

10

 

	 	 	 
	 

	 	the Company or to which it was then or at any time
thereafter might be entitled in law or in equity (saving and excepting,
however, the property therein specifically excepted or released from
the lien thereof), and the Company therein covenanted that it would,
upon reasonable request, execute and deliver such further instruments
as may be necessary or proper for the better assuring and confirming
unto the Trustee all or any part of the trust estate, whether then or
thereafter owned or acquired by the Company (saving and excepting,
however, property specifically excepted or released from the lien
thereof); and
	 
	 	 
	AUTHORIZATION OF SUPPLEMENTAL
INDENTURE.

	 	WHEREAS, the Company in the exercise of the powers and authority
conferred upon and reserved to it under and by virtue of the provisions
of the Indenture, and pursuant to resolutions of its Board of
Directors, has duly resolved and determined to make, execute and
deliver to the Trustee a supplemental indenture in the form hereof for
the purposes herein provided; and
	 
	 	 
	 

	 	WHEREAS, all conditions and requirements necessary to make this
Supplemental Indenture a valid and legally binding instrument in
accordance with its terms have been done, performed and fulfilled, and
the execution and delivery hereof have been in all respects duly
authorized;
	 
	 	 
	CONSIDERATION FOR SUPPLEMENTAL
INDENTURE.

	 	NOW, THEREFORE, THIS INDENTURE WITNESSETH: That The Detroit Edison
Company, in consideration of the premises and of the covenants
contained in the Indenture and of the sum of One Dollar ($1.00) and
other good and valuable consideration to it duly paid by the Trustee at
or before the ensealing and delivery of these presents, the receipt
whereof is hereby acknowledged, hereby covenants and agrees to and with
the Trustee and its successors in the trusts under the Original
Indenture and in said indentures supplemental thereto as follows:

PART
I.

CREATION OF THREE HUNDRED FIFTY-FIFTH

SERIES OF BONDS,

GENERAL AND REFUNDING MORTGAGE BONDS,

2009 SERIES BT

	 	 	 
	TERMS OF BONDS OF
2009 SERIES BT.

	 	SECTION 1. The Company hereby creates the three hundred
fifty-fifth series of bonds to be issued under and
secured by the Original Indenture as amended to date and
as further amended by this Supplemental Indenture, to be
designated, and to be distinguished from the bonds of
all other series, by the title “General and Refunding
Mortgage Bonds, 2009 Series BT” (elsewhere herein
referred to as the “bonds of 2009 Series BT”). The
aggregate principal amount of bonds of 2009 Series BT
shall be limited to Sixty-eight million five hundred
thousand dollars ($68,500,000), except as provided in
Sections 7 and 13 of Article II of the Original
Indenture with respect to exchanges and replacements of
bonds.
	 
	 	 
	 

	 	Subject to the release provisions set forth below, each
bond of 2009 Series BT is to be irrevocably assigned to,
and registered in the name of, The Bank of New York
Mellon Trust Company, N.A., as trustee, or a successor
trustee (said trustee or any successor trustee being
hereinafter referred to as the “Note Indenture
Trustee”), under the collateral trust indenture, dated
as of June 30,

11

 

	 	 	 
	 

	 	1993, as supplemented (the “Note
Indenture”), between the Note Indenture Trustee and the
Company, to secure payment of the Company’s 2009 Series
BT 6.00% Senior Notes due 2036 (for purposes of this
Part I, the “Notes”).
	 
	 	 
	 

	 	The bonds of 2009 Series BT shall be issued as
registered bonds without coupons in denominations of a
multiple of $5,000. The bonds of 2009 Series BT shall
be issued in the aggregate principal amount of
$68,500,000, shall mature on December 1, 2036 (subject
to earlier redemption or release) and shall bear
interest at the rate of 6.00% per annum, payable
semi-annually in arrears on June 1 and December 1 of
each year (commencing December 1, 2009), until the
principal thereof shall have become due and payable and
thereafter until the Company’s obligation with respect
to the payment of said principal shall have been
discharged as provided in the Indenture.
	 
	 	 
	 

	 	The bonds of 2009 Series BT shall be payable as to
principal, premium, if any, and interest as provided in
the Indenture, but only to the extent and in the manner
herein provided. The bonds of 2009 Series BT shall be
payable, as to principal, premium, if any, and interest,
at the office or agency of the Company in the Borough of
Manhattan, the City and State of New York, in any coin
or currency of the United States of America which at the
time of payment is legal tender for public and private
debts.
	 
	 	 
	 

	 	Except as provided herein, each bond of 2009 Series BT
shall be dated the date of its authentication and
interest shall be payable on the principal represented
thereby from the next preceding date to which interest
has been paid on bonds of 2009 Series BT, unless the
bond is authenticated on a date to which interest has
been paid, in which case interest shall be payable from
the date of authentication, or unless the date of
authentication is prior to the first date on which
interest is payable on the Strategic Fund Bonds, in
which case interest shall be payable from April 1, 2009.
	 
	 	 
	 

	 	The bonds of 2009 Series BT in definitive form shall be,
at the election of the Company, fully engraved or shall
be lithographed or printed in authorized denominations
as aforesaid and numbered R-1 and upwards (with such
further designation as may be appropriate and desirable
to indicate by such designation the form, series and
denomination of bonds of 2009 Series BT). Until bonds
of 2009 Series BT in definitive form are ready for
delivery, the Company may execute, and upon its request
in writing the Trustee shall authenticate and deliver in
lieu thereof, bonds of 2009 Series BT in temporary form,
as provided in Section 10 of Article II of the
Indenture. Temporary bonds of 2009 Series BT, if any,
may be printed and may be issued in authorized
denominations in substantially the form of definitive
bonds of 2009 Series BT, but without a recital of
redemption prices and with such omissions, insertions
and variations as may be appropriate for temporary
bonds, all as may be determined by the Company.
	 
	 	 
	 

	 	
Interest on any bond of 2009 Series BT that is payable on any
interest payment date and is punctually paid or duly provided for shall
 be paid to the person in whose name that bond, or any previous bond to the
extent evidencing the same debt as that evidenced by that bond, is registered at the close of
business on the regular record date for such interest, which regular record date shall be the record date
for the Strategic Fund Bonds with respect to such interest payment date.  If the Company shall default in the
 payment of the interest due on any interest payment date on the principal represented by any bond of 2009 Series

12

 

	 	 	 
	 

	 	BT, such defaulted interest shall forthwith cease to be payable to the registered holder of that bond on the
relevant regular record date by virtue of his having been such holder, and such defaulted interest may be paid to
the registered holder of that bond (or any bond or bonds of 2009 Series BT issued upon transfer or exchange thereof)
on the date of payment of such defaulted interest or, at the election of the Company, to the person in whose name that bond
(or any bond or bonds of 2009 Series BT issued upon transfer or exchange thereof) is registered on a subsequent record date
established by notice given by mail by or on behalf of the Company to the holders of bonds of 2009 Series BT not less than ten
(10) days preceding such subsequent record date, which subsequent record date shall be at least five (5) days prior to the payment
date of such defaulted interest.
	 
	 	 
	 

	 	Bonds of 2009 Series BT shall not be assignable or transferable except as may be set
forth under Section 405 of the Note Indenture or in the supplemental note indenture
relating to the Notes, or, subject to compliance with applicable law, as may be
involved in the course of the exercise of rights and remedies consequent upon an
Event of Default under the Note Indenture. Any such transfer shall be made upon
surrender thereof for cancellation at the office or agency of the Company in the
Borough of Manhattan, the City and State of New York, together with a written
instrument of transfer (if so required by the Company or by the Trustee) in form
approved by the Company duly executed by the holder or by its duly authorized
attorney. Bonds of 2009 Series BT shall in the same manner be exchangeable for a
like aggregate principal amount of bonds of 2009 Series BT upon the terms and
conditions specified herein and in Section 7 of Article II of the Indenture. The
Company waives its rights under Section 7 of Article II of the Indenture not to make
exchanges or transfers of bonds of 2009 Series BT during any period of ten (10) days
next preceding any redemption date for such bonds.
	 
	 	 
	 

	 	Bonds of 2009 Series BT, in definitive and temporary form, may bear such legends as
may be necessary to comply with any law or with any rules or regulations made
pursuant thereto or as may be specified in the Note Indenture.
	 
	 	 
	 

	 	Upon payment of the principal or premium, if any, or interest on the Notes, whether
at maturity or prior to maturity by redemption or otherwise, or upon provision for
the payment thereof having been made in accordance with Article V of the Note
Indenture, bonds of 2009 Series BT in a principal amount equal to the principal
amount of such Notes, shall, to the extent of such payment of principal, premium or
interest, be deemed fully paid and the obligation of the Company thereunder to make
such payment shall forthwith cease and be discharged, and, in the case of the
payment of principal and premium, if any, such bonds shall be surrendered for
cancellation or presented for appropriate notation to the Trustee.
	 
	 	 
	 

	 	In the event the Company desires to provide for the payment of bonds of 2009 Series
BT, in lieu of defeasing such bonds in accordance with the Indenture, it shall
redeem an equal principal amount of Strategic Fund Bonds. Pursuant to Section
2.03(c) of the Twenty-Ninth Supplemental Indenture to the Note Indenture dated March
15, 2009, such redemption shall result in the discharge of the Company’s obligation
with respect to such Notes and the cancellation thereof which, in accordance with
the preceding paragraph, shall result in the discharge of the Company’s obligation
with respect to the applicable bonds of

13

 

	 	 	 
	 

	 	2009 Series BT and cancellation thereof.
	 
	 	 
	 

	 	Any amount payable by the Company in respect of principal of bonds of 2009 Series
BT, whether at maturity or prior to maturity by redemption or upon acceleration or
otherwise, in a circumstance where there has not been a corresponding payment of
principal of Strategic Fund Bonds shall be applied simultaneously to the redemption
of an equal principal amount of Strategic Fund Bonds in accordance with the
Strategic Fund Indenture. In the event the amount so paid is insufficient to
provide for such redemption, the Company shall pay such additional amount as shall
be necessary to make up for the deficiency.
	 
	 	 
	RELEASE.

	 	SECTION 2. From and after the Release Date (as defined in the Note Indenture), the
bonds of 2009 Series BT shall be deemed fully paid, satisfied and discharged and the
obligation of the Company thereunder shall be terminated. On the Release Date, the
bonds of 2009 Series BT shall be surrendered to and canceled by the Trustee. The
Company covenants and agrees that, prior to the Release Date, it will not take any
action that would cause the outstanding principal amount of the bonds of 2009 Series
BT to be less than the then-outstanding principal amount of the Notes.
	 
	 	 
	REDEMPTION OF
BONDS OF 2009
SERIES BT.

	 	SECTION 3. Bonds of 2009 Series BT shall be redeemed on the respective dates and in
the respective principal amounts which correspond to the redemption dates for, and
the principal amounts to be redeemed of, the Notes.
	 
	 	 
	 

	 	In the event the Company elects to redeem any Notes prior to maturity in accordance
with the provisions of the Note Indenture, the Company shall give the Trustee notice
of redemption of bonds of 2009 Series BT on the same date as it gives notice of
redemption of Notes to the Note Indenture Trustee.
	 
	 	 
	REDEMPTION OF
BONDS OF 2009
SERIES BT IN
EVENT OF
ACCELERATION
OF NOTES OR IN
EVENT OF
REDEMPTION OF
NOTES UPON
ACCELERATION
OF STRATEGIC
FUND BONDS.

	 	SECTION 4. In the event of an Event of Default under the Note Indenture and the
acceleration of all Notes, the bonds of 2009 Series BT shall be redeemable in whole
upon receipt by the Trustee of a written demand (hereinafter called a “Redemption
Demand”) from the Note Indenture Trustee stating that there has occurred under the
Note Indenture both an Event of Default and a declaration of acceleration of payment
of principal, accrued interest and premium, if any, on the Notes, specifying the
last date to which interest on the Notes has been paid (such date being hereinafter
referred to as the “Initial Interest Accrual Date”) and demanding redemption of the
bonds of said series. In addition, in the event of a required redemption of the
Notes upon demand of the Bond Trustee prior to the Release Date upon a declaration
of acceleration of the payment of the Strategic Fund Bonds, the bonds of 2009 Series
BT shall be redeemable in whole upon receipt by the Trustee of a Redemption Demand
from the Note Indenture Trustee stating that such redemption of the Notes is
required, stating that the redemption price was not paid when due and demanding
redemption of the bonds of 2009 Series BT. The Trustee shall, within five (5) days
after receiving such Redemption Demand, mail a copy thereof to the Company marked to
indicate the date of its receipt by the Trustee. Promptly upon receipt by the
Company of such copy of a Redemption Demand, the Company shall fix a date on which
it will redeem the bonds of said series so demanded to be redeemed (hereinafter
called the “Demand Redemption Date”). Notice of the date fixed as the Demand
Redemption Date shall be mailed by the Company to the Trustee at least ten (10) days
prior to such Demand Redemption Date. The date to be fixed by the

14

 

	 	 	 
	 

	 	Company as and
for the Demand Redemption Date may be any date up to and including the earlier of
(x) the 60th day after receipt by the Trustee of the Redemption Demand or (y) the
maturity date of such bonds first occurring following the 20th day after the receipt
by the Trustee of the Redemption Demand; provided, however, that if the Trustee
shall not have received such notice fixing the Demand Redemption Date on or before
the 10th day preceding the earlier of such dates, the Demand Redemption Date shall
be deemed to be the earlier of such dates. The Trustee shall mail notice of the
Demand Redemption Date (such notice being hereinafter called the “Demand Redemption
Notice”) to the Note Indenture Trustee not more than ten (10) nor less than five (5)
days prior to the Demand Redemption Date.
	 
	 	 
	 

	 	Each bond of 2009 Series BT shall be redeemed by the Company on the Demand
Redemption Date therefor upon surrender thereof by the Note Indenture Trustee to the
Trustee at a redemption price equal to the principal amount thereof plus accrued
interest thereon at the rate specified for such bond from the Initial Interest
Accrual Date to the Demand Redemption Date plus an amount equal to the aggregate
premium, if any, due and payable on such Demand Redemption Date on all Notes;
provided, however, that in the event of a receipt by the Trustee of a notice that,
pursuant to Section 602 of the Note Indenture, the Note Indenture Trustee has
terminated proceedings to enforce any right under the Note Indenture, then any
Redemption Demand shall thereby be rescinded by the Note Indenture Trustee, and no
Demand Redemption Notice shall be given, or, if already given, shall be
automatically annulled; but no such rescission or annulment shall extend to or
affect any subsequent default or impair any right consequent thereon.
	 
	 	 
	 
	 	Anything herein contained to the contrary notwithstanding, the Trustee is not
authorized to take any action pursuant to a Redemption Demand and such Redemption
Demand shall be of no force or effect, unless it is executed in the name of the Note
Indenture Trustee by its President or one of its Vice Presidents.
	 	 
	FORM
OF BONDS OF
2009 SERIES BT.

	 	SECTION 5. The bonds of 2009 Series BT and the form of Trustee’s Certificate to be
endorsed on such bonds shall be substantially in the following forms, respectively:
	 
	 	 
	 

	 	THE DETROIT EDISON COMPANY

GENERAL AND REFUNDING MORTGAGE BOND

2009 SERIES BT
	 
	 	 
	 

	 	Notwithstanding any provisions hereof or in the Indenture, this bond is not
assignable or transferable except as may be required to effect a transfer to any
successor trustee under the Collateral Trust Indenture, dated as of June 30, 1993,
as amended, and as further supplemented as of March 15, 2009, between The Detroit
Edison Company and The Bank of New York Mellon Trust Company, N.A., as Note
Indenture Trustee, or, subject to compliance with applicable law, as may be involved
in the course of the exercise of rights and remedies consequent upon an Event of
Default under said Indenture.
	 
	 	 
	 

	 	$                    
No. R-___

	 
	 	 
	 

	 	THE DETROIT EDISON COMPANY (hereinafter called the “Company”), a corporation of the
State of Michigan, for value received, hereby promises to

15

 

	 	 	 
	 

	 	pay to The Bank of New
York Mellon Trust Company, N.A., as Note Indenture Trustee, or registered assigns,
at the Company’s office or agency in the Borough of Manhattan, the City and State of
New York, the principal sum of                      Dollars ($                    ) in
lawful money of the United States of America on December 1, 2036 (subject to earlier
redemption or release) and interest thereon at the rate of 6.00% per annum, in like
lawful money, from April 1, 2009, and after the first payment of interest on bonds
of this Series has been made or otherwise provided for, from the most recent date to
which interest has been paid or otherwise provided for, on such dates as interest
shall be payable on the Strategic Fund Bonds, until the Company’s obligation with
respect to payment of said principal shall have been discharged, all as provided, to
the extent and in the manner specified in the Indenture hereinafter mentioned and in
the supplemental indenture pursuant to which this bond has been issued.
	 
	 	 
	 

	 	Under a Collateral Trust Indenture, dated as of June 30, 1993, as amended and as
further supplemented as of March 15, 2009 (hereinafter called the “Note Indenture”),
between the Company and The Bank of New York Mellon Trust Company, N.A., as
successor trustee (hereinafter called the “Note Indenture Trustee”), the Company has
issued its 2009 Series BT 6.00% Senior Notes due 2036 (the “Notes”). This bond was
originally issued to the Note Indenture Trustee so as to secure the payment of the
Notes. Payments of principal of, or premium, if any, or interest on, the Notes
shall constitute like payments on this bond as further provided herein and in the
supplemental indenture pursuant to which this bond has been issued.
	 
	 	 
	 

	 	The Notes were issued to secure the Company’s obligations under the Loan Agreement
dated as of April 1, 2009 between the Company and the Michigan Strategic Fund
relating to the Michigan Strategic Fund Limited Obligation Refunding Revenue Bonds
(The Detroit Edison Company Exempt Facilities Project), Collateralized Series 2009BT
(the “Strategic Fund Bonds”) being issued under the Trust Indenture dated as of
April 1, 2009 (the “Strategic Fund Indenture”) between the Michigan Strategic Fund
and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Strategic Fund
Bond Trustee”).
	 
	 	 
	 

	 	This bond is one of an authorized issue of bonds of the Company, unlimited as to
amount except as provided in the Indenture hereinafter mentioned or any indentures
supplemental thereto, and is one of a series of General and Refunding Mortgage Bonds
known as 2009 Series BT, limited to an aggregate principal amount of $68,500,000,
except as otherwise provided in the Indenture hereinafter mentioned. This bond and
all other bonds of said series are issued and to be issued under, and are all
equally and ratably secured (except insofar as any sinking, amortization,
improvement or analogous fund, established in accordance with the provisions of the
Indenture hereinafter mentioned, may afford additional security for the bonds of any
particular series and except as provided in Section 3 of Article VI of said
Indenture) by an Indenture, dated as of October 1, 1924, duly executed by the
Company to The Bank of New York Mellon Trust Company, N.A., as successor Trustee, to
which Indenture and all indentures supplemental thereto (including the Supplemental
Indenture dated as of March 15, 2009) reference is hereby made for a description of
the properties and franchises mortgaged and conveyed, the nature and extent of the
security, the terms and conditions upon which the bonds are issued and under which
additional bonds may be issued, and the rights of the holders of the bonds and of
the Trustee in respect of such security

16

 

	 	 	 
	

	 	(which Indenture and all indentures
supplemental thereto, including the Supplemental Indenture dated as of March 15,
2009, are hereinafter collectively called the “Indenture”). As provided in the
Indenture, said bonds may be for various principal sums and are issuable in series,
which may mature at different times, may bear interest at different rates and may
otherwise vary as in said Indenture provided. With the consent of the Company and
to the extent permitted by and as provided in the Indenture, the rights and
obligations of the Company and of the holders of the bonds and the terms and
provisions of the Indenture, or of any indenture supplemental thereto, may be
modified or altered in certain respects by affirmative vote of at least eighty-five
percent (85%) in amount of the bonds then outstanding, and, if the rights of one or
more, but less than all, series of bonds then outstanding are to be affected by the
action proposed to be taken, then also by affirmative vote of at least eighty-five
percent (85%) in amount of the series of bonds so to be affected (excluding in every
instance bonds disqualified from voting by reason of the Company’s interest therein
as specified in the Indenture); provided, however, that, without the consent of the
holder hereof, no such modification or alteration shall, among other things, affect
the terms of payment of the principal of or the interest on this bond, which in
those respects is unconditional.
	 
	 	 
	 

	 	This bond is redeemable prior to the Release Date upon the terms and conditions set
forth in the Indenture, including provision for redemption upon demand of the Note
Indenture Trustee following the occurrence of an Event of Default under the Note
Indenture and the acceleration of the principal of the Notes and including provision
for redemption upon demand of the Note Indenture Trustee in the event of a required
redemption of the Notes following a declaration of acceleration of the Strategic
Fund Bonds, such demand stating that such redemption of the Notes is required,
stating that the redemption price thereof was not paid when due and demanding
redemption of this bond.
	 
	 	 
	 

	 	Under the Indenture, funds may be deposited with the Trustee (which shall have
become available for payment), in advance of the redemption date of any of the bonds
of 2009 Series BT (or portions thereof), in trust for the redemption of such bonds
(or portions thereof) and the interest due or to become due thereon, and thereupon
all obligations of the Company in respect of such bonds (or portions thereof) so to
be redeemed and such interest shall cease and be discharged, and the holders thereof
shall thereafter be restricted exclusively to such funds for any and all claims of
whatsoever nature on their part under the Indenture or with respect to such bonds
(or portions thereof) and interest. In the event the Company desires to provide for
the payment of bonds of 2009 Series BT, in lieu of defeasing such bonds in
accordance with the Indenture, the Company shall redeem an equal principal amount of
Strategic Fund Bonds.
	 
	 	 
	 

	 	In case an event of default, as defined in the Indenture, shall occur, the principal
of all the bonds issued thereunder may become or be declared due and payable, in the
manner, with the effect and subject to the conditions provided in the Indenture.
	 
	 	 
	 

	 	Any amount payable by the Company in respect of principal of bonds of 2009 Series
BT, whether at maturity or prior to maturity by redemption or otherwise, in a
circumstance where there has not been a corresponding payment of principal of
Strategic Fund Bonds shall be applied simultaneously

17

 

	 	 	 
	 

	 	to the redemption of an equal
principal amount of Strategic Fund Bonds in accordance with the Strategic Fund
Indenture.
	 
	 	 
	 

	 	Upon payment of the principal of, or premium, if any, or interest on, the Notes,
whether at maturity or prior to maturity by redemption or otherwise or upon
provision for the payment thereof having been made in accordance with Article V of
the Note Indenture, bonds of 2009 Series BT in a principal amount equal to the
principal amount of such Notes, and having both a corresponding maturity date and
interest rate shall, to the extent of such payment of principal, premium or
interest, be deemed fully paid and the obligation of the Company thereunder to make
such payment shall forthwith cease and be discharged, and, in the case of the
payment of principal and premium, if any, such bonds of said series shall be
surrendered for cancellation or presented for appropriate notation to the Trustee.
	 
	 	 
	 

	 	This bond is not assignable or transferable except as set forth under Section 405 of
the Note Indenture or in the supplemental indenture relating to the Notes, or,
subject to compliance with applicable law, as may be involved in the course of the
exercise of rights and remedies consequent upon an Event of Default under the Note
Indenture. Any such transfer shall be made by the registered holder hereof, in
person or by his attorney duly authorized in writing, on the books of the Company
kept at its office or agency in the Borough of Manhattan, the City and State of New
York, upon surrender and cancellation of this bond, and thereupon, a new registered
bond of the same series of authorized denominations for a like aggregate principal
amount will be issued to the transferee in exchange therefor, and this bond with
others in like form may in like manner be exchanged for one or more new bonds of the
same series of other authorized denominations, but of the same aggregate principal
amount, all as provided and upon the terms and conditions set forth in the
Indenture, and upon payment, in any event, of the charges prescribed in the
Indenture.
	 
	 	 
	 

	 	From and after the Release Date (as defined in the Note Indenture), the bonds of
2009 Series BT shall be deemed fully paid, satisfied and discharged and the
obligation of the Company thereunder shall be terminated. On the Release Date, the
bonds of 2009 Series BT shall be surrendered to and cancelled by the Trustee. The
Company covenants and agrees that, prior to the Release Date, it will not take any
action that would cause the outstanding principal amount of the bonds of 2009 Series
BT to be less than the then-outstanding principal amount of the Notes.
	 
	 	 
	 

	 	No recourse shall be had for the payment of the principal of or the interest on this
bond, or for any claim based hereon or otherwise in respect hereof or of the
Indenture, or of any indenture supplemental thereto, against any incorporator, or
against any past, present or future stockholder, director or officer, as such, of
the Company, or of any predecessor or successor corporation, either directly or
through the Company or any such predecessor or successor corporation, whether for
amounts unpaid on stock subscriptions or by virtue of any constitution, statute or
rule of law, or by the enforcement of any assessment or penalty or otherwise
howsoever; all such liability being, by the acceptance hereof and as part of the
consideration for the issue hereof, expressly waived and released by every holder or
owner hereof, as more fully provided in the Indenture.

18

 

	 	 	 
	 

	 	This bond shall not be valid or become obligatory for any purpose until The Bank of
New York Mellon Trust Company, N.A., the Trustee under the Indenture, or its
successor thereunder, shall have signed the form of certificate endorsed hereon.
	 
	 	 
	 

	 	IN WITNESS WHEREOF, THE DETROIT EDISON COMPANY has caused this instrument to be
executed by an authorized officer, with his or her manual or facsimile signatures,
and its corporate seal, or a facsimile thereof, to be impressed or imprinted hereon
and the same to be attested by its Corporate Secretary or Assistant Corporate
Secretary by manual or facsimile signature.
	 
	 	 
	 

	 	Dated:                     

	 	 	 	 	 
	 	

THE DETROIT EDISON COMPANY

 	 
	 	By:  	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 

	 	 	 
	 

	 	[Corporate Seal]

	 	 	 	 	 
	 	Attest:

 	 
	 	By:  	 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 

	 	 	 
	 

	 	[FORM OF TRUSTEE’S CERTIFICATE]
	 
	 	 
	FORM OF
TRUSTEE’S
CERTIFICATE.

	 	This bond is one of the bonds, of the series designated therein, described in the
within-mentioned Indenture.

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON
 TRUST COMPANY, N.A., as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Representative 	 
	 	 	 	 
	 

	 	 	 
	 

	 	PART II.
	 
	 	 
	 

	 	RECORDING AND FILING DATA
	 
	 	 
	RECORDING AND
FILING OF
ORIGINAL
INDENTURE.

	 	The Original Indenture and indentures supplemental thereto
have been recorded and/or filed and Certificates of
Provision for Payment have been recorded as hereinafter set
forth.
	 
	 	 
	 

	 	The Original Indenture has been recorded as a real estate
mortgage and filed as a chattel Mortgage in the offices of
the respective Registers of Deeds of certain counties in the
State of Michigan as set forth in the Supplemental Indenture
dated as of September 1, 1947, has been recorded as a real
estate mortgage in

19

 

	 	 	 
	 

	 	the office of the Register of Deeds of
Genesee County, Michigan as set forth in the Supplemental
Indenture dated as of May 1, 1974, has been filed in the
Office of the Secretary of State of Michigan on November 16,
1951 and has been filed and recorded in the office of the
Interstate Commerce Commission on December 8, 1969.
	 
	 	 
	RECORDING AND
FILING OF
SUPPLEMENTAL
INDENTURES.

	 	Pursuant to the terms and provisions of the Original
Indenture, indentures supplemental thereto heretofore
entered into have been Recorded as a real estate mortgage
and/or filed as a chattel mortgage or as a financing
statement in the offices of the respective Registers of
Deeds of certain counties in the State of Michigan, the
Office of the Secretary of State of Michigan and the Office
of the Interstate Commerce Commission or the Surface
Transportation Board, as set forth in supplemental
indentures as follows:

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	June 1, 1925(a)(b)

	 	Series B Bonds
	 	February 1, 1940
	August 1, 1927(a)(b)

	 	Series C Bonds
	 	February 1, 1940
	February 1, 1931(a)(b)

	 	Series D Bonds
	 	February 1, 1940
	June 1, 1931(a)(b)

	 	Subject Properties
	 	February 1, 1940
	October 1, 1932(a)(b)

	 	Series E Bonds
	 	February 1, 1940
	September 25, 1935(a)(b)

	 	Series F Bonds
	 	February 1, 1940
	September 1, 1936(a)(b)

	 	Series G Bonds
	 	February 1, 1940
	November 1, 1936(a)(b)

	 	Subject Properties
	 	February 1, 1940
	February 1, 1940(a)(b)

	 	Subject Properties
	 	September 1, 1947
	December 1, 1940(a)(b)

	 	Series H Bonds and Additional
Provisions
	 	September 1, 1947
	September 1, 1947(a)(b)(c)

	 	Series I Bonds, Subject
Properties and Additional
Provisions
	 	November 15, 1951
	March 1, 1950(a)(b)(c)

	 	Series J Bonds and Additional
Provisions
	 	November 15, 1951
	November 15, 1951(a)(b)(c)

	 	Series K Bonds, Additional
Provisions and Subject Properties
	 	January 15, 1953
	January 15, 1953(a)(b)

	 	Series L Bonds
	 	May 1, 1953
	May 1, 1953(a)

	 	Series M Bonds and Subject
Properties
	 	March 15, 1954
	March 15, 1954(a)(c)

	 	Series N Bonds and Subject
Properties
	 	May 15, 1955
	May 15, 1955(a)(c)

	 	Series O Bonds and Subject
Properties
	 	August 15, 1957
	August 15, 1957(a)(c)

	 	Series P Bonds, Additional
Provisions and Subject Properties
	 	June 1, 1959
	June 1, 1959(a)(c)

	 	Series Q Bonds and Subject
Properties
	 	December 1, 1966
	December 1, 1966(a)(c)

	 	Series R Bonds, Additional
Provisions and Subject Properties
	 	October 1, 1968
	October 1, 1968(a)(c)

	 	Series S Bonds and Subject
Properties
	 	December 1, 1969

20

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	December 1, 1969(a)(c)

	 	Series T Bonds and Subject
Properties
	 	July 1, 1970
	July 1, 1970(c)

	 	Series U Bonds and Subject
Properties
	 	December 15, 1970
	December 15, 1970(c)

	 	Series V Bonds and Series W Bonds
	 	June 15, 1971
	June 15, 1971(c)

	 	Series X Bonds and Subject
Properties
	 	November 15, 1971
	November 15, 1971(c)

	 	Series Y Bonds and Subject
Properties
	 	January 15, 1973
	January 15, 1973(c)

	 	Series Z Bonds and Subject
Properties
	 	May 1, 1974
	May 1, 1974

	 	Series AA Bonds and Subject
Properties
	 	October 1, 1974
	October 1, 1974

	 	Series BB Bonds and Subject
Properties
	 	January 15, 1975
	January 15, 1975

	 	Series CC Bonds and Subject
Properties
	 	November 1, 1975
	November 1, 1975

	 	Series DDP Nos. 1-9 Bonds and
Subject Properties
	 	December 15, 1975
	December 15, 1975

	 	Series EE Bonds and Subject
Properties
	 	February 1, 1976
	February 1, 1976

	 	Series FFR Nos. 1-13 Bonds
	 	June 15, 1976
	June 15, 1976

	 	Series GGP Nos. 1-7 Bonds and
Subject Properties
	 	July 15, 1976
	July 15, 1976

	 	Series HH Bonds and Subject
Properties
	 	February 15, 1977
	February 15, 1977

	 	Series MMP Bonds and Subject
Properties
	 	March 1, 1977
	March 1, 1977

	 	Series IIP Nos. 1-7 Bonds, Series
JJP Nos. 1-7 Bonds, Series KKP
Nos. 1-7 Bonds and Series LLP
Nos. 1-7 Bonds
	 	June 15, 1977
	June 15, 1977

	 	Series FFR No. 14 Bonds and
Subject Properties
	 	July 1, 1977
	July 1, 1977

	 	Series NNP Nos. 1-7 Bonds and
Subject Properties
	 	October 1, 1977
	October 1, 1977

	 	Series GGP Nos. 8-22 Bonds and
Series OOP Nos. 1-17 Bonds and
Subject Properties
	 	June 1, 1978
	June 1, 1978

	 	Series PP Bonds, Series QQP Nos.
1-9 Bonds and Subject Properties
	 	October 15, 1978
	October 15, 1978

	 	Series RR Bonds and Subject
Properties
	 	March 15, 1979
	March 15, 1979

	 	Series SS Bonds and Subject
Properties
	 	July 1, 1979

21

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	July 1, 1979

	 	Series IIP Nos. 8-22 Bonds,
Series NNP Nos. 8-21 Bonds and
Series TTP Nos. 1-15 Bonds and
Subject Properties
	 	September 1, 1979
	September 1, 1979

	 	Series JJP No. 8 Bonds, Series
KKP No. 8 Bonds, Series LLP Nos.
8-15 Bonds, Series MMP No. 2
Bonds and Series OOP No. 18 Bonds
and Subject Properties
	 	September 15, 1979
	September 15, 1979

	 	Series UU Bonds
	 	January 1, 1980
	January 1, 1980

	 	1980 Series A Bonds and Subject
Properties
	 	April 1, 1980
	April 1, 1980

	 	1980 Series B Bonds
	 	August 15, 1980
	August 15, 1980

	 	Series QQP Nos. 10-19 Bonds, 1980
Series CP Nos. 1-12 Bonds and
1980 Series DP No. 1-11 Bonds and
Subject Properties
	 	August 1, 1981
	August 1, 1981

	 	1980 Series CP Nos. 13-25 Bonds
and Subject Properties
	 	November 1, 1981
	November 1, 1981

	 	1981 Series AP Nos. 1-12 Bonds
	 	June 30, 1982
	June 30, 1982

	 	Article XIV Reconfirmation
	 	August 15, 1982
	August 15, 1982

	 	1981 Series AP Nos. 13-14 Bonds
and Subject Properties
	 	June 1, 1983
	June 1, 1983

	 	1981 Series AP Nos. 15-16 Bonds
and Subject Properties
	 	October 1, 1984
	October 1, 1984

	 	1984 Series AP Bonds and 1984
Series BP Bonds and Subject
Properties
	 	May 1, 1985
	May 1, 1985

	 	1985 Series A Bonds
	 	May 15, 1985
	May 15, 1985

	 	1985 Series B Bonds and Subject
Properties
	 	October 15, 1985
	October 15, 1985

	 	Series KKP No. 9 Bonds and
Subject Properties
	 	April 1, 1986
	April 1, 1986

	 	1986 Series A Bonds and Subject
Properties
	 	August 15, 1986
	August 15, 1986

	 	1986 Series B Bonds and Subject
Properties
	 	November 30, 1986
	November 30, 1986

	 	1986 Series C Bonds
	 	January 31, 1987
	January 31, 1987

	 	1987 Series A Bonds
	 	April 1, 1987
	April 1, 1987

	 	1987 Series B Bonds and 1987
Series C Bonds
	 	August 15, 1987
	August 15, 1987

	 	1987 Series D Bonds, 1987 Series
E Bonds and Subject Properties
	 	November 30, 1987
	November 30, 1987

	 	1987 Series F Bonds
	 	June 15, 1989

22

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	June 15, 1989

	 	1989 Series A Bonds
	 	July 15, 1989
	July 15, 1989

	 	Series KKP No. 10 Bonds
	 	December 1, 1989
	December 1, 1989

	 	Series KKP No. 11 Bonds and 1989
Series BP Bonds
	 	February 15, 1990
	February 15, 1990

	 	1990 Series A Bonds, 1990 Series
B Bonds, 1990 Series C Bonds,
1990 Series D Bonds, 1990 Series
E Bonds and 1990 Series F Bonds
	 	November 1, 1990
	November 1, 1990

	 	Series KKP No. 12 Bonds
	 	April 1, 1991
	April 1, 1991

	 	1991 Series AP Bonds
	 	May 1, 1991
	May 1, 1991

	 	1991 Series BP Bonds and 1991
Series CP Bonds
	 	May 15, 1991
	May 15, 1991

	 	1991 Series DP Bonds
	 	September 1, 1991
	September 1, 1991

	 	1991 Series EP Bonds
	 	November 1, 1991
	November 1, 1991

	 	1991 Series FP Bonds
	 	January 15, 1992
	January 15, 1992

	 	1992 Series BP Bonds
	 	February 29, 1992 and April 15,
1992
	February 29, 1992

	 	1992 Series AP Bonds
	 	April 15, 1992
	April 15, 1992

	 	Series KKP No. 13 Bonds
	 	July 15, 1992
	July 15, 1992

	 	1992 Series CP Bonds
	 	November 30, 1992
	July 31, 1992

	 	1992 Series D Bonds
	 	November 30, 1992
	November 30, 1992

	 	1992 Series E Bonds and 1993
Series B Bonds
	 	March 15, 1993
	December 15, 1992

	 	Series KKP No. 14 Bonds and 1989
Series BP No. 2 Bonds
	 	March 15, 1993
	January 1, 1993

	 	1993 Series C Bonds
	 	April 1, 1993
	March 1, 1993

	 	1993 Series E Bonds
	 	June 30, 1993
	March 15, 1993

	 	1993 Series D Bonds
	 	September 15, 1993
	April 1, 1993

	 	1993 Series FP Bonds and 1993
Series IP Bonds
	 	September 15, 1993
	April 26, 1993

	 	1993 Series G Bonds and Amendment
of Article II, Section 5
	 	September 15, 1993
	May 31, 1993

	 	1993 Series J Bonds
	 	September 15, 1993
	June 30, 1993

	 	1993 Series AP Bonds
	 	     (d)
	June 30, 1993

	 	1993 Series H Bonds
	 	     (d)
	September 15, 1993

	 	1993 Series K Bonds
	 	March 1, 1994
	March 1, 1994

	 	1994 Series AP Bonds
	 	June 15, 1994
	June 15, 1994

	 	1994 Series BP Bonds
	 	December 1, 1994
	August 15, 1994

	 	1994 Series C Bonds
	 	December 1, 1994
	December 1, 1994

	 	Series KKP No. 15 Bonds and 1994
Series DP Bonds
	 	August 1, 1995
	August 1, 1995

	 	1995 Series AP Bonds and 1995
Series BP Bonds
	 	August 1, 1999

23

 

	 	 	 	 	 
	 	 	 	 	Recorded and/or Filed
	 	 	 	 	as Set Forth in
	Supplemental Indenture	 	Purpose of Supplemental	 	Supplemental
	Dated as of	 	Indenture	 	Indenture Dated as of
	August 1, 1999

	 	1999 Series AP Bonds, 1999 Series
BP Bonds and 1999 Series CP Bonds
	 	     (d)
	August 15, 1999

	 	1999 Series D Bonds
	 	     (d)
	January 1, 2000

	 	2000 Series A Bonds
	 	     (d)
	April 15, 2000

	 	Appointment of Successor Trustee
	 	     (d)
	August 1, 2000

	 	2000 Series BP Bonds
	 	     (d)
	March 15, 2001

	 	2001 Series AP Bonds
	 	     (d)
	May 1, 2001

	 	2001 Series BP Bonds
	 	     (d)
	August 15, 2001

	 	2001 Series CP Bonds
	 	     (d)
	September 15, 2001

	 	2001 Series D Bonds and 2001
Series E Bonds
	 	     (d)
	September 17, 2002

	 	Amendment of Article XIII,
Section 3 and Appointment of
Successor Trustee
	 	     (d)
	October 15, 2002

	 	2002 Series A Bonds and 2002
Series B Bonds
	 	     (d)
	December 1, 2002

	 	2002 Series C Bonds and 2002
Series D Bonds
	 	     (d)
	August 1, 2003

	 	2003 Series A Bonds
	 	     (d)
	March 15, 2004

	 	2004 Series A Bonds and 2004
Series B Bonds
	 	     (d)
	July 1, 2004

	 	2004 Series D Bonds
	 	     (d)
	February 1, 2005

	 	2005 Series A Bonds and 2005
Series B Bonds
	 	May 15, 2006
	April 1, 2005

	 	2005 Series AR Bonds and 2005
Series BR Bonds
	 	May 15, 2006
	August 1, 2005

	 	2005 Series DT Bonds
	 	May 15, 2006
	September 15, 2005

	 	2005 Series C Bonds
	 	May 15, 2006
	September 30, 2005

	 	2005 Series E Bonds
	 	May 15, 2006
	May 15, 2006

	 	2006 Series A Bonds
	 	December 1, 2006
	December 1, 2006

	 	2006 Series CT Bonds
	 	December 1, 2007
	December 1, 2007

	 	2007 Series A Bonds
	 	April 1, 2008
	April 1, 2008

	 	2008 Series DT Bonds
	 	May 1, 2008
	May 1, 2008

	 	2008 Series ET Bonds
	 	July 1, 2008
	June 1, 2008

	 	2008 Series G Bonds
	 	October 1, 2008
	July 1, 2008

	 	2008 Series KT Bonds
	 	October 1, 2008
	October 1, 2008

	 	2008 Series J Bonds
	 	December 1, 2008

 

			
	(a)	 	See Supplemental Indenture dated as of July 1, 1970 for Interstate Commerce Commission
filing and recordation information.
	 
	(b)	 	See Supplemental Indenture dated as of May 1, 1953 for Secretary of State of Michigan
filing information.
	 
	(c)	 	See Supplemental Indenture dated as of May 1, 1974 for County of Genesee, Michigan
recording and filing information.
	 
	(d)	 	Recording and filing information for this Supplemental Indenture has not been set forth
in a subsequent Supplemental Indenture.

24

 

	 	 	 
	RECORDING AND FILING OF SUPPLEMENTAL
INDENTURE DATED AS OF DECEMBER 1,
2008.

	 	Further, pursuant to the terms and
provisions of the Original
Indenture, a Supplemental Indenture
dated as of December 1, 2008
providing for the terms of bonds to
be issued thereunder of 2008 Series
LT has heretofore been entered into
between the Company and the Trustee
and has been filed in the Office of
the Secretary of State of Michigan
as a financing statement on January
13, 2009 (Filing No. 2009006570-3),
has been filed and recorded in the
Office of the Surface Transportation
Board on December 17, 2008
(Recordation No. 5485-VVVVV), and
has been recorded as a real estate
mortgage in the offices of the
respective Register of Deeds of
certain counties in the State of
Michigan, as follows:

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	Liber/	 	 
	County	 	Recorded	 	 	Instrument no.	 	Page
	Genesee
	 	 	12/22/08	 	 	 	200812220082777	 	 	 	N/A	 
	Huron
	 	 	12/22/08	 	 	 	1265	 	 	 	648	 
	Ingham
	 	 	12/17/08	 	 	 	3328	 	 	 	163	 
	Lapeer
	 	 	12/17/08	 	 	 	2362	 	 	 	38	 
	Lenawee
	 	 	12/18/08	 	 	 	2375	 	 	 	786	 
	Livingston
	 	 	12/17/08	 	 	 	2008R-034227	 	 	 	N/A	 
	Macomb
	 	 	12/18/08	 	 	 	19594	 	 	 	634	 
	Mason
	 	 	12/17/08	 	 	 	2008R06704	 	 	 	N/A	 
	Monroe
	 	 	12/17/08	 	 	 	2008R22506	 	 	 	N/A	 
	Oakland
	 	 	12/22/08	 	 	 	40780	 	 	 	665	 
	St. Clair
	 	 	12/17/08	 	 	 	3899	 	 	 	603	 
	Sanilac
	 	 	12/18/08	 	 	 	1052	 	 	 	637	 
	Tuscola
	 	 	12/22/08	 	 	 	1163	 	 	 	1282	 
	Washtenaw
	 	 	12/17/08	 	 	 	4710	 	 	 	445	 
	Wayne
	 	 	12/17/08	 	 	 	47635	 	 	 	37	 

25

 

	 	 	 
	RECORDING OF
CERTIFICATES OF
PROVISION FOR
PAYMENT.

	 	All the bonds of Series A which were issued under the
Original Indenture dated as of October 1, 1924, and of
Series B, Series C, Series D, Series E, Series F,
Series G, Series H, Series I, Series J, Series K,
Series L, Series M, Series N, Series O, Series P,
Series Q, Series R, Series S, Series T, Series U,
Series V, Series W, Series X, Series Y, Series Z,
Series AA, Series BB, Series CC, Series DDP Nos. 1-9,
Series EE, Series FFR Nos. 1-13, Series GGP Nos. 1-7,
Series HH, Series MMP, Series  IP Nos. 1-7, Series JJP
Nos. 1-7, Series KKP Nos. 1-7, Series LLP Nos. 1-7,
Series FFR No. 14, Series NNP Nos. 1-7, Series GGP
Nos. 8-22, Series OOP Nos. 1-17, Series PP, Series QQP
Nos. 1-9, Series RR, Series SS, Series IIP Nos. 8-22,
Series NNP Nos. 8-21, Series TTP Nos. 1-15, Series JJP
No. 8, Series KKP No. 8, Series LLP Nos. 8-15, Series MMP
No. 2, Series OOP No. 18, Series UU, 1980 Series A, 1980
Series B, Series QQP Nos. 10-19, 1980 Series CP Nos. 1-12,
1980 Series DP Nos. 1-11, 1980 Series CP Nos. 13-25, 1981
Series AP Nos. 1-12, 1981 Series AP Nos. 13-14, 1981
Series AP Nos. 15-16, 1984 Series AP, 1984 Series BP, 1985
Series A, 1985 Series B, Series KKP No. 9, 1986 Series A,
1986 Series B, 1986 Series C, 1987 Series A, 1987
Series B, 1987 Series C, 1987 Series D, 1987 Series E,
1987 Series F, 1989 Series A, Series KKP No. 10, Series
KKP No. 11, 1989 Series BP, 1990 Series A, 1990 Series D,
1991 Series EP, 1991 Series FP, 1992 Series BP, Series KKP
No. 13, 1992 Series CP, 1992 Series D, Series KKP No. 14,
1989 Series BP No. 2, 1993 Series B, 1993 Series C, 1993,
1993 Series H, 1993 Series E, 1993 Series D, 1993
Series FP, 1993 Series IP, 1993 Series G, 1993 Series J,
1993 Series K, 1994 Series AP, 1994 Series BP, 1994
Series C, Series KKP No. 15, 1994 Series DP, 1995
Series AP, 1995 Series BP, 1999 Series D, 2000 Series A,
2001 Series D, 2005 Series A, and 2005 Series B, which
were issued under Supplemental Indentures as described in
the Recording and Filing of Supplemental Indentures
section above, have matured or have been called for
redemption and funds sufficient for such payment or
redemption have been irrevocably deposited with the
Trustee for that purpose; and Certificates of Provision
for Payment have been recorded in the offices of the
respective Registers of Deeds of certain counties in the
State of Michigan, with respect to all bonds of Series A,
B, C, D, E, F, G, H, K, L, M, O, W, BB, CC, DDP Nos. 1 and
2, FFR Nos. 1-3, GGP Nos. 1 and 2, IIP No. 1, JJP No. 1,
KKP No. 1, LLP No. 1 and GGP No. 8.
	 
	 	 
	 

	 	PART III.
	 
	 	 
	 

	 	THE TRUSTEE.
	 
	 	 
	TERMS AND
CONDITIONS OF
ACCEPTANCE OF
TRUST BY
TRUSTEE.

	 	The Trustee hereby accepts the trust hereby declared and
provided, and agrees to perform the same upon the terms and
conditions in the Original Indenture, as amended to date and
as supplemented by this Supplemental Indenture, and in this
Supplemental Indenture set forth, and upon the following
terms and conditions:
	 
	 	 
	 

	 	The Trustee shall not be responsible in any manner
whatsoever for and in respect of the validity or sufficiency
of this Supplemental Indenture or the due execution hereof
by the Company or for or in respect of the recitals
contained herein, all of which recitals are made by the
Company solely.

26

 

	 	 	 
	 

	 	PART IV.
	 
	 	 
	 

	 	MISCELLANEOUS.
	 
	 	 
	CONFIRMATION
OF SECTION 318(c)
OF TRUST
INDENTURE ACT.

	 	Except to the extent specifically provided therein, no
provision of this Supplemental Indenture or any future
supplemental indenture is intended to modify, and the
parties do hereby adopt and confirm, the provisions of
Section 318(c) of the Trust Indenture Act which amend
and supersede provisions of the Indenture in effect
prior to November 15, 1990.
	 
	 	 
	EXECUTION IN
COUNTERPARTS.

	 	THIS SUPPLEMENTAL INDENTURE MAY BE SIMULTANEOUSLY
EXECUTED IN ANY NUMBER OF COUNTERPARTS, EACH OF WHICH
WHEN SO EXECUTED SHALL BE DEEMED TO BE AN ORIGINAL; BUT
SUCH COUNTERPARTS SHALL TOGETHER CONSTITUTE BUT ONE AND
THE SAME INSTRUMENT.
	 
	 	 
	TESTIMONIUM.

	 	IN WITNESS WHEREOF, THE DETROIT EDISON COMPANY AND THE
BANK OF NEW YORK MELLON TRUST COMPANY, N.A. HAVE CAUSED
THESE PRESENTS TO BE SIGNED IN THEIR RESPECTIVE
CORPORATE NAMES BY THEIR RESPECTIVE CHAIRMEN OF THE
BOARD, PRESIDENTS, VICE PRESIDENTS, ASSISTANT VICE
PRESIDENTS, TREASURERS OR ASSISTANT TREASURERS AND
IMPRESSED WITH THEIR RESPECTIVE CORPORATE SEALS,
ATTESTED BY THEIR RESPECTIVE SECRETARIES OR ASSISTANT
SECRETARIES, ALL AS OF THE DAY AND YEAR FIRST ABOVE
WRITTEN.

27

 

	 	 	 
	EXECUTION BY

	 	THE DETROIT EDISON COMPANY
	COMPANY.
	 	 
	 
	 	 
	 

	 	By:/s/Edward Solomon
	 

	 	 

	(Corporate Seal)

	 	Name: Edward Solomon
	 

	 	Title: Assistant Treasurer

	 	 	 	 	 
	 

	 	Attest:	 	 
	 
	 	 	 	 
	 

	 	By: /s/Sandra Kay Ennis
 

Name: Sandra Kay Ennis
	 	 
	 

	 	Title: Corporate Secretary	 	 
	 
	 	 	 	 
	 

	 	Signed, sealed and delivered by	 	 
	 

	 	THE DETROIT EDISON COMPANY	 	 
	 

	 	in the presence of	 	 
	 
	 	 	 	 
	 

	 	/s/Anthony G. Morrow	 	 
	 

	 	 	 	 
	 

	 	Name: Anthony G. Morrow	 	 
	 
	 	 	 	 
	 

	 	/s/Daniel T. Richards	 	 
	 

	 	 	 	 
	 

	 	Name: Daniel T. Richards	 	 

28

 

	 	 	 
	 

	 	STATE OF MICHIGAN       )
	 

	 	                                                 ) SS
	 

	 	COUNTY OF WAYNE        )
	 
	 	 
	ACKNOWLEDG-
MENT OF
EXECUTION BY
COMPANY.

	 	On this 27th day of March, 2009, before me, the
subscriber, a Notary Public within and for the County of
Wayne, in the State of Michigan, acting in the County of
Wayne, personally appeared Edward Solomon, to me
personally known, who, being by me duly sworn, did say
that he does business at One Energy Plaza, Detroit,
Michigan 48226 and is the Assistant Treasurer of THE
DETROIT EDISON COMPANY, one of the corporations
described in and which executed the foregoing
instrument; that he knows the corporate seal of the said
corporation and that the seal affixed to said instrument
is the corporate seal of said corporation; and that said
instrument was signed and sealed in behalf of said
corporation by authority of its Board of Directors and
that he subscribed his name thereto by like authority;
and said Edward Solomon acknowledged said instrument to
be the free act and deed of said corporation.
	 
	 	 
	(Notarial Seal)

	 	/s/Stephanie V. Washio
	 

	 	 

	 

	 	Stephanie V. Washio
	 

	 	Notary Public, Wayne County, MI
	 

	 	Acting in Wayne
	 

	 	My Commission Expires: May 18, 2012

29

 

	 	 	 
	EXECUTION BY

	 	THE BANK OF NEW YORK MELLON TRUST
	TRUSTEE.

	 	COMPANY, N.A.
	 
	 	 
	 

	 	By:/s/Alexis M. Johnson
	 

	 	 

	(Corporate Seal)

	 	Name: Alexis M. Johnson
	 

	 	Title: Assistant Vice President

	 	 	 
	 

	 	Attest:
	 
	 	 
	 

	 	By:/s/J. Michael Banas
	 

	 	
 

	 

	 	Name: J. Michael Banas
	 

	 	Title: Vice President
	 
	 	 
	 

	 	Signed, sealed and delivered by
	 

	 	THE BANK OF NEW YORK MELLON
	 

	 	TRUST COMPANY, N.A.
	 

	 	in the presence of
	 
	 	 
	 

	 	/s/John Dermody
	 

	 	
 

	 

	 	Name: John Dermody
	 
	 	 
	 

	 	/s/Kathleen Hier
	 

	 	
 

	 

	 	Name: Kathleen Hier

30

 

	 	 	 
	 

	 	STATE OF MICHIGAN           )

                                                     ) SS

COUNTY OF WAYNE             )
	 
	 	 
	ACKNOWLEDG-
MENT OF
EXECUTION BY
TRUSTEE.

	 	On this 31st day of March, 2009, before me, the
subscriber, a Notary Public within and for the County of
Macomb, in the State of Michigan, acting in the County
of Wayne, personally appeared Alexis M. Johnson, to me
personally known, who, being by me duly sworn, did say
that her business office is located at 719 Griswold
Street, Suite 930, Detroit, Michigan 48226, and she is
an Assistant Vice President of THE BANK OF NEW YORK
MELLON TRUST COMPANY, N.A., one of the corporations
described in and which executed the foregoing
instrument; that she knows the corporate seal of the
said corporation and that the seal affixed to said
instrument is the corporate seal of said corporation;
and that said instrument was signed and sealed in behalf
of said corporation by authority of its Board of
Directors and that she subscribed her name thereto by
like authority; and said Alexis M. Johnson acknowledged
said instrument to be the free act and deed of said
corporation.
	 
	 	 
	(Notarial Seal)

	 	/s/Shirley A. Markulin
	 

	 	  

	 

	 	Shirley A. Markulin
	 

	 	Notary Public, Macomb County, Michigan
	 

	 	Acting in Wayne County
	 

	 	My Commission Expires January 14, 2012

31

 

	 	 	 
	 

	 	STATE OF MICHIGAN       )

                                                 ) SS

COUNTY OF WAYNE         )
	 
	 	 
	AFFIDAVIT AS TO
CONSIDERATION
AND GOOD FAITH.

	 	Edward Solomon, being duly sworn, says: that he is the
Assistant Treasurer of THE DETROIT EDISON COMPANY, the
Mortgagor named in the foregoing instrument, and that he
has knowledge of the facts in regard to the making of said
instrument and of the consideration therefor; that the
consideration for said instrument was and is actual and
adequate, and that the same was given in good faith for
the purposes in such instrument set forth.
	 
	 	 
	 

	 	/s/Edward Solomon
	 

	 	 
	 

	 	Name: Edward Solomon
	 

	 	Title: Assistant Treasurer
	 

	 	The Detroit Edison Company
	 
	 	 
	 

	 	Sworn to before me this 27th day of
	 

	 	March, 2009
	 
	 	 
	(Notarial Seal)

	 	/s/Stephanie V. Washio
	 

	 	 
	 

	 	Stephanie V. Washio
	 

	 	Notary Public, Wayne County, MI
	 

	 	Acting in Wayne
	 

	 	My Commission Expires: May 18, 2012

32

 

This instrument was drafted by:

Daniel T. Richards, Esq.

One Energy Plaza

688 WCB

Detroit, Michigan 48226

When recorded return to:

Stephanie V. Washio

One Energy Plaza

688 WCB

Detroit, Michigan 48226

33EX-4.264

Exhibit 4-264

 

THE DETROIT EDISON COMPANY

AND

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

TRUSTEE

 

TWENTY-NINTH SUPPLEMENTAL INDENTURE

DATED AS OF MARCH 15, 2009

 

SUPPLEMENTING THE COLLATERAL TRUST INDENTURE

DATED AS OF JUNE 30, 1993

PROVIDING FOR

2009 SERIES BT 6.00% SENIOR NOTES DUE 2036

 

 

 

     SUPPLEMENTAL INDENTURE, dated as of the 15th day of March, 2009, between THE DETROIT EDISON
COMPANY, a corporation organized and existing under the laws of the State of Michigan (the
“Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association
organized under the laws of the United States of America, having a corporate trust office in the
City of Detroit, Michigan, as successor trustee (the “Trustee”);

     WHEREAS, the Company has heretofore executed and delivered to the Trustee a Collateral Trust
Indenture dated as of June 30, 1993 (the “Original Indenture”), as supplemented, providing for the
issuance by the Company from time to time of its debt securities; and

     WHEREAS. the Company now desires to provide for the issuance of an additional series of its
senior debt securities pursuant to the Original Indenture in connection with its obligations to the
Michigan Strategic Fund (the “MSF”) under the Loan Agreement dated as of April 1, 2009 (the “Loan
Agreement”) relating to the Michigan Strategic Fund Limited Obligation Refunding Revenue Bonds (The
Detroit Edison Company Exempt Facilities Project), Collateralized Series 2009BT (the “2009BT
Bonds”); and

     WHEREAS, the Company intends hereby to designate a series of debt securities which shall have
the benefit of the provisions of Article Four of the Original Indenture and the other related
provisions of the Original Indenture relating to the grant of security, subject to the release
provisions provided for herein, and which shall have the terms and variations from the provisions
of the Original Indenture as set forth herein; and

     WHEREAS, the Company, in the exercise of the power and authority conferred upon and reserved
to it under the provisions of the Original Indenture, including Section 1001 thereof, and pursuant
to appropriate resolutions of the Board of Directors, has duly determined to make, execute and
deliver to the Trustee this Twenty-Ninth Supplemental Indenture to the Original Indenture as
permitted by Sections 201 and 301 of the Original Indenture in order to establish the form or terms
of, and to provide for the creation and issue of, a series of its debt securities under the
Original Indenture, which shall be known as the 2009 Series BT 6.00% Senior Notes due 2036; and

     WHEREAS, all things necessary to make such debt securities, when executed by the Company and
authenticated and delivered by the Trustee or any Authenticating Agent and issued upon the terms
and subject to the conditions hereinafter and in the Original Indenture set forth against payment
therefor, the valid, binding and legal obligations of the Company and to make this Twenty-Ninth
Supplemental Indenture a valid, binding and legal agreement of the Company, have been done;

     NOW, THEREFORE, THIS TWENTY-NINTH SUPPLEMENTAL INDENTURE WITNESSETH that, in order to
establish the terms of a series of debt securities, and for and in consideration of the premises
and of the covenants contained in the Original Indenture and in this Twenty-Ninth Supplemental
Indenture and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, it is mutually covenanted and agreed as follows:

1

 

ARTICLE ONE

DEFINITIONS AND OTHER

PROVISIONS OF GENERAL APPLICATION

     SECTION 1.01. Definitions. Each capitalized term that is used herein and is defined in the
Original Indenture shall have the meaning specified in the Original Indenture unless such term is
otherwise defined herein. The following terms shall have the respective meanings set forth below:

     “2009BT Bonds” means the $68,500,000 Michigan Strategic Fund Limited Obligation Refunding
Revenue Bonds (The Detroit Edison Company Exempt Facilities Project), Collateralized Series 2009BT.

     “Bond Indenture” means the Trust Indenture, dated as of April 1, 2009 between the Michigan
Strategic Fund and the Bond Trustee providing for the issuance of the 2009BT Bonds.

     “Bond Trustee” means The Bank of New York Mellon Trust Company, N.A., as trustee under the
Bond Indenture, or any successor thereto.

     “Business Day” means any day except a Saturday, Sunday or other day on which banking
institutions in the State of New York or the State of Michigan are authorized or obligated pursuant
to law or executive order to close.

     “Capitalization” means the total of all the following items appearing on, or included in, the
consolidated balance sheet of the Company: (i) liabilities for indebtedness maturing more than 12
months from the date of determination; and (ii) common stock, common stock expense, accumulated
other comprehensive income or loss, preferred stock, preference stock, premium on capital stock and
retained earnings (however the foregoing may be designated), less, to the extent not otherwise
deducted, the cost of shares of capital stock of the Company held in its treasury, if any. Subject
to the foregoing, Capitalization shall be determined in accordance with generally accepted
accounting principles and practices applicable to the type of business in which the Company is
engaged and may be determined as of a date not more than 60 days prior to the happening of the
event for which the determination is being made. In connection with such determination, the
Company shall certify to the Trustee that it has, prior to making its final determination,
consulted with the independent accountants regularly retained by the Company.

     “Debt” means any outstanding debt for money borrowed evidenced by notes, debentures, bonds or
other securities, or guarantees of any debt.

     “Net Tangible Assets” means the amount shown as total assets on the consolidated balance sheet
of the Company, less (i) intangible assets including, but without limitation, such items as
goodwill, trademarks, trade names, patents, unamortized debt discount and expense and other
regulatory assets carried as an asset on the Company’s consolidated balance sheet, and (ii)
appropriate adjustments, if any, on account of minority interests. Net Tangible Assets shall be
determined in accordance with generally accepted accounting principles and practices applicable to
the type of business in which the Company is engaged and may be determined as of a date not more
than 60 days prior to the happening of the event for which such determination is being

2

 

made. In connection with such determination, the Company shall certify to the Trustee that it
has, prior to making its final determination, consulted with the independent accountants regularly
retained by the Company.

     “Pledged Bonds” means the related series of Bonds (as hereafter defined) and any other
Mortgage Bonds issued to secure Securities subject to the release provisions provided herein or in
any other supplemental indenture to the Original Indenture.

     “Release Date” means the date as of which all Mortgage Bonds, (i) other than the Pledged
Bonds, including the related series of Bonds, and (ii) other than outstanding Mortgage Bonds
(exclusive of Pledged Bonds) which do not in aggregate principal amount exceed the greater of 5% of
the Net Tangible Assets of the Company or 5% of the Capitalization of the Company, have been
retired through payment, redemption or otherwise, provided that no default or Event of Default has
occurred and, at such time, is continuing under the Original Indenture.

     “Substitute Mortgage” means a mortgage indenture of the Company, other than the Mortgage,
designated by the Company to the Trustee as a Substitute Mortgage pursuant to Section 4.03 hereof.
The lien of the Substitute Mortgage shall have such priority, and be with respect to such property,
as shall be specified by the Company in its sole discretion.

     “Substitute Mortgage Bonds” means any mortgage bonds issued by the Company under a Substitute
Mortgage and delivered to the Trustee pursuant to Section 4.03 hereof or pursuant to the comparable
provision of any other supplemental indenture relating to Securities subject to the release
provisions.

     SECTION 1.02. Section References. Each reference to a particular section set forth in this
Twenty-Ninth Supplemental Indenture shall, unless the context otherwise requires, refer to this
Twenty-Ninth Supplemental Indenture.

ARTICLE TWO

TITLE AND TERMS OF THE SECURITIES

     SECTION 2.01. Title of the Securities; Stated Maturity. This Twenty-Ninth Supplemental
Indenture hereby establishes a series of Securities, which shall be known as the Company’s “2009
Series BT 6.00% Senior Notes due 2036” (the “Notes”). For purposes of the Original Indenture, the
Notes shall constitute a single series of Securities. The Stated Maturity on which the principal
of the Notes shall be due and payable will be December 1, 2036. The Notes are being issued to
secure the Company’s obligations to the MSF under the Loan Agreement.

     SECTION 2.02. Certain Variations from the Original Indenture.

     (a) The Notes shall have the benefit of the provisions of Article Four of the Original
Indenture and shall have the benefit of, or be subject to, the other related provisions of the
Original Indenture relating to the grant of security, including (for avoidance of doubt and not for
purposes of limitation) the Granting Clause, the definitions of “Deliverable Mortgage Bonds,”
“Deliverable Securities,” “Designated Mortgage Bonds,” “Grant,” “Mortgage,” “Mortgage Bonds,”
“Mortgage Trustee,” “Previously Delivered Mortgage Bonds,” and “Trust Estate,” Section 301(20),
Sections

3

 

301(a)(v), (ix), (x) and (xi), Sections 301(b)(ii) and (iii), Section 301(d), and Sections
601(4) and (8), subject, in each case, to the release provisions provided for in Section 4.02
herein. In addition, on and after the Release Date, unless Substitute Mortgage Bonds are issued to
secure the Notes, the Notes shall have the benefit of the additional covenants set forth in Article
Three hereof.

     (b) In the event the Company desires to provide for the payment of the Notes, in lieu of
defeasing the Notes in accordance with Section 503 of the Original Indenture, it shall redeem an
equal principal amount of the 2009BT Bonds. Pursuant to Section 2.03(c) hereof, such redemption
shall result in the discharge of the Company’s obligation with respect to the Notes and the
cancellation of the Notes.

     (c) Any amount payable by the Company in respect of principal of the Notes, whether at
maturity or prior to maturity by redemption or upon redemption or acceleration or otherwise, in a
circumstance where there has not been a corresponding payment of principal of 2009BT Bonds, shall
be applied simultaneously to the redemption of an equal principal amount of 2009BT Bonds in
accordance with the Bond Indenture. In the event the amount so paid is insufficient to provide for
such redemption, the Company shall pay such additional amounts as shall be necessary to make up the
deficiency.

     SECTION 2.03. Amount, Assignability and Redemption.

     (a) The aggregate principal amount of Notes that may be issued under this Twenty-Ninth
Supplemental Indenture is limited to $68,500,000 (except as provided in Section 301(2) of the
Original Indenture). The Notes shall be issuable only as Registered Securities without coupons
and, as permitted by Section 301 and Section 302 of the Original Indenture, in denominations of
$5,000 and integral multiples thereof to the Bond Trustee as assignee of the MSF, pursuant to the
Loan Agreement. The Notes shall not be further assignable or transferable except as may be
required to effect a transfer to any successor Bond Trustee.

     (b) The Notes may bear such legends as may be necessary to refer to the Loan Agreement or to
comply with any law or with any rules or regulations made pursuant thereto or to evidence the
limited assignability.

     (c) Upon payment of the principal, premium, if any, or interest on the 2009BT Bonds, whether
at maturity or prior to maturity by redemption or otherwise, or upon provision for the payment
thereof having been made in accordance with Article II of the Bond Indenture, Notes in a principal
amount equal to the principal amount of the 2009BT Bonds shall, to the extent of such payment of
principal, premium or interest, be deemed fully paid and the obligation of the Company thereunder
to make such payment shall forthwith cease and be discharged, and, in the case of the payment of
principal and premium, if any, such Notes shall be surrendered for cancellation or presented for
appropriate notation to the Trustee.

     (d) The Notes shall be redeemed on the date and in the principal amount which corresponds to
the redemption date for, and the principal amount to be redeemed of, the 2009BT Bonds.

4

 

     (e) In the event of an Event of Default under the Bond Indenture and the acceleration of the
2009BT Bonds, the Notes shall be redeemable in whole upon receipt by the Trustee of a written
demand (Redemption Demand) from the Bond Trustee indicating that it has accelerated the 2009BT
Bonds.

     SECTION 2.04. Certain Terms of the Notes.

     (a) The Notes shall bear interest at the rate of 6.00% per annum on the principal amount
thereof from the date of original issue, or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, until the principal of the Notes becomes due and
payable, and on any overdue principal and premium and (to the extent that payment of such interest
is enforceable under applicable law) on any overdue installment of interest at the same rate per
annum during such overdue period. Interest on the Notes will be payable on such dates as interest
shall be payable on the 2009BT Bonds (each such date, an “Interest Payment Date”). Payment of
interest on the 2009BT Bonds shall be deemed to constitute payment of interest on the Notes. The
amount of interest payable for any period shall be computed on the same basis as interest on the
2009BT Bonds pursuant to the Bond Indenture.

     (b) In the event that any Interest Payment Date, redemption date or other date of Maturity of
the Notes is not a Business Day, then payment of the amount payable on such date will be made on
the next succeeding day which is a Business Day (and without any interest or other payment in
respect of any such delay), in each case with the same force and effect as if made on such date.
The interest installment so payable, and punctually paid or duly provided for, on any Interest
Payment Date with respect to any Note will, as provided in the Original Indenture, be paid to the
person in whose name the Note (or one or more Predecessor Securities, as defined in the Original
Indenture) is registered at the close of business on the relevant record date for such interest
installment, which shall be the same as the record date for the 2009BT Bonds with respect to the
relevant Interest Payment Date (the “Regular Record Date”). Any such interest installment not
punctually paid or duly provided for shall forthwith cease to be payable to the registered Holders
on such Regular Record Date, and may either be paid to the person in whose name the Note (or one or
more Predecessor Securities) is registered at the close of business on a Special Record Date to be
fixed by the Trustee for the payment of such defaulted interest, notice whereof shall be given to
the registered Holders of the Notes not less than ten days prior to such Special Record Date, or
may be paid at any time in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Notes may be listed, and upon such notice as may be required by
such exchange, all as more fully provided in the Original Indenture. The principal of, and
premium, if any, and the interest on the Notes shall be payable at the office or agency of the
Company maintained for that purpose in the Borough of Manhattan, the City of New York, in any coin
or currency of the United States of America that at the time of payment is legal tender for payment
of public and private debts; provided, however, that payment of interest may be made at the option
of the Company by check mailed to the registered Holder at the close of business on the Regular
Record Date at such address as shall appear in the Security Register. Any waiver or rescission of
a declaration of acceleration of principal of the 2009BT Bonds shall constitute a waiver or
rescission with respect to the Notes.

     (c) The Notes are not subject to repayment at the option of the Holders thereof and are not
subject to any sinking fund, except to the extent that the Bond Trustee, or its successor in
interest,

5

 

may have exercised its rights pursuant to Section 2.03 hereof. As provided in the form of the
Note attached hereto as Exhibit A, the Notes are subject to Optional Redemption and Extraordinary
Optional Redemption, as a whole or in part, and Special Optional Redemption, in whole, by the
Company prior to Stated Maturity of the principal thereof upon the same terms as the 2009BT Bonds.
Except as modified in the form of Note, redemptions shall be effected in accordance with Article
Twelve of the Original Indenture.

     (d) The Notes shall have such other terms and provisions as are set forth in the form of Note
attached hereto as Exhibit A (which is incorporated by reference in and made a part of this
Twenty-Ninth Supplemental Indenture as if set forth in full at this place).

     SECTION 2.06. Form of Note. Attached hereto as Exhibit A is the form of the definitive Note.
On and after the Release Date, the terms of the Notes shall be amended to make appropriate
reference to the Substitute Mortgage and the Substitute Mortgage Bonds; provided, that the consent
of Holders shall not be required in connection with such amendment.

ARTICLE THREE

RESERVED

ARTICLE FOUR

SECURITY AND RELEASE PROVISIONS

     SECTION 4.01. Security. Subject to Section 4.02 below, as provided in and pursuant to Article
Four of the Original Indenture, the Notes will be secured as to payments of principal, interest and
premium, if any, by a series of Mortgage Bonds (the “General and Refunding Mortgage Bonds, 2009
Series BT,” the “Bonds,” the “Bonds of the related series” or the “related series of Bonds”) of the
Company to be issued concurrently with the issuance of the Notes under and secured by a Mortgage
and Deed of Trust, dated as of October 1, 1924, between the Company and The Bank of New York Mellon
Trust Company, N.A., as successor trustee (the “Mortgage Trustee”), as amended and supplemented by
various supplemental indentures, including the supplemental indenture, dated as of March 15, 2009,
creating the Bonds (collectively, the “Mortgage”), pledged by the Company for the benefit of the
Holders of the Notes to the Trustee under this Twenty-Ninth Supplemental Indenture. The Bonds
shall be issued in an aggregate principal amount equal to the aggregate principal amount of the
Notes.

     SECTION 4.02. Release. Until the Release Date and subject to Article Four of the Original
Indenture, the Bonds of the related series issued and delivered to the Trustee shall serve as
security for any and all obligations of the Company under all Notes from time to time Outstanding,
including, but not limited to (1) the full and prompt payment of the principal and premium, if any,
on the Notes when and as the same shall become due and payable in accordance with the terms and
provisions of the Indenture or the Notes, either at the Stated Maturity thereof, upon acceleration
of the maturity thereof, upon redemption, or otherwise, and (2) the full and prompt payment of any
interest on the Notes when and as the same shall become due and payable in accordance with the
terms and provisions of this Indenture or the Notes including, if and to the extent provided for in
the Notes, interest on overdue installments of principal and (to the extent permitted by law)
interest on overdue installments of interest.

6

 

     Each supplemental indenture to the Mortgage pursuant to which any Bonds are issued shall
contain a provision to the effect that any payment by the Company hereunder of principal of or
premium or interest on Notes which shall have been authenticated and delivered in connection with
the issuance and delivery to the Trustee of such Bonds (other than by the application of the
proceeds of a payment in respect of such Bonds) shall to the extent thereof, be deemed to satisfy
and discharge the obligation of the Company, if any, to make a payment of principal, premium or
interest, as the case may be, in respect of such Bonds which is then due.

     Notwithstanding anything in the Original Indenture to the contrary, from and after the Release
Date, the obligation of the Company to make payment with respect to the principal of and premium,
if any, and interest on the Bonds shall be deemed satisfied and discharged as provided in the
supplemental indenture or indentures to the Mortgage creating such Bonds and the Bonds shall cease
to secure in any manner Notes theretofore or subsequently issued; the Trustee shall thereupon
surrender the Bonds to the Mortgage Trustee for cancellation and execute and deliver such proper
instruments of release as may be required. From and after the Release Date, all Notes, whether
theretofore or subsequently issued, shall be secured by Substitute Mortgage Bonds pursuant to
Section 4.03 below, and any conditions to the issuance of Notes that refer or relate to Bonds or
the Mortgage shall be inapplicable (except as such conditions shall be deemed to refer to
Substitute Mortgage Bonds or a Substitute Mortgage pursuant to Section 4.03 below). From and after
the Release Date, the Company shall not issue any additional Mortgage Bonds, including Pledged
Bonds, under the Mortgage. Notice of the occurrence of the Release Date shall be given by the
Trustee to the Holders of the Notes in the manner provided for in the Original Indenture not later
than 30 days after the Company notifies the Trustee of the occurrence of the Release Date.

     In connection with the establishment of the occurrence of the Release Date, the Trustee shall
be entitled to receive, may presume the correctness of, and shall be fully protected in relying
upon, an Officers’ Certificate designating the Release Date and stating that the conditions to the
occurrence of the Release Date have been satisfied.

     When the obligation of the Company to make payments with respect to the principal of, and
premium, if any, and interest on all or any part of the Bonds shall be satisfied or deemed
satisfied pursuant to the Original Indenture or pursuant to this Twenty-Ninth Supplemental
Indenture, the Trustee shall, upon written request of the Company, deliver to the Company without
charge therefor all of the Bonds so satisfied or deemed satisfied, together with such appropriate
instruments of transfer or release as may be reasonably requested by the Company. All Bonds
delivered to the Company in accordance with this Section shall be delivered by the Company to the
Mortgage Trustee for cancellation.

     SECTION 4.03. Substitute Mortgage Bonds.

     (a) The Company shall notify the Trustee not less than 90 days prior to the Release Date (or
such shorter period as the Company and the Trustee may agree) that the Company will deliver to the
Trustee on the Release Date Substitute Mortgage Bonds in an aggregate principal amount equal to the
aggregate principal amount of Notes and any other Securities subject to the release provisions
Outstanding on the Release Date, in trust for the benefit of the Holders from time to time of the
Notes and any other Securities subject to the release provisions issued under the

7

 

Original Indenture, as supplemented, as security for any and all obligations of the Company
under the Notes and any other Securities subject to the release provisions, including but not
limited to, (1) the full and prompt payment of the principal of and premium, if any, on the Notes
and any other Securities subject to the release provisions when and as the same shall become due
and payable in accordance with the terms and provisions of the Original Indenture, as supplemented,
or the Notes or such other Securities subject to the release provisions, either at the stated
maturity thereof, upon acceleration of the maturity thereof or upon redemption, and (2) the full
and prompt payment of any interest on the Notes and any other Securities subject to the release
provisions when and as the same shall become due and payable in accordance with the terms and
provisions of the Original Indenture, as supplemented, or the Notes or such other Securities
subject to the release provisions.

     (b) The Company shall deliver such Substitute Mortgage Bonds described in Section 4.03(a) in
separate series and issues corresponding to the series and issues of Notes and other Securities
subject to the release provisions Outstanding on or prior to the Release Date, each series or issue
of Substitute Mortgage Bonds having the same stated rate or rates of interest (or interest
calculated in the same manner), Interest Payment Dates, stated maturity date and redemption
provisions, and in the same aggregate principal amount, as the related series or issue of Notes or
other Securities subject to the release provisions outstanding on the Release Date; it being
expressly understood that each such series of Substitute Mortgage Bonds shall be held by the
Trustee for the benefit of the Holders of the corresponding series of Securities from time to time
Outstanding subject to such terms and conditions relating to surrender to the Company, transfer
restrictions, voting, application of payments of principal and interest and other matters as shall
be set forth in an indenture supplemental hereto specifically providing for the delivery to the
Trustee of such Substitute Mortgage Bonds. Such Substitute Mortgage Bonds shall be issued under
and secured by a Substitute Mortgage (A) on which the Company shall be the obligor; and (B) which
shall be qualified, or shall meet the requirements for qualification, under the Trust Indenture Act
for the issuance of Substitute Mortgage Bonds.

     (c) On or prior to the Release Date the Company shall have delivered to the Trustee:

(A) a supplemental indenture to the Original Indenture that provides among other things,
that on the delivery of the Substitute Mortgage Bonds described in Section 4.03(b), the
Company shall deliver to the Trustee in trust for the benefit of the Holders as described
in Section 4.03(a) hereof, and the Trustee shall accept therefor, related series of
Substitute Mortgage Bonds registered in the name of the Trustee and conforming to the
requirements herein and therein specified;

(B) an Officer’s Certificate (1) stating that, to the knowledge of the signer, (a) no Event
of Default has occurred and is continuing and (b) no event has occurred and is continuing
which entitles the secured party under the Substitute Mortgage to accelerate the maturity
of the indebtedness outstanding thereunder and (2) stating the aggregate principal amount
of indebtedness issuable, and then proposed to be issued, under and secured by the lien of
the Substitute Mortgage; and

(C) an Opinion of Counsel to the effect that such Substitute Mortgage Bonds have been duly
issued under such Substitute Mortgage and constitute valid obligations, entitled to

8

 

     the benefit of the lien of the Substitute Mortgage equally and ratably with all other
indebtedness then outstanding secured by such lien.

     (d) On or prior to the Release Date the Company shall provide an Officer’s Certificate stating
that the Company has been advised in writing, within not more than 30 days prior to such
substitution of the Substitute Mortgage Bonds for the Mortgage Bonds, by at least two credit rating
agencies qualifying as “nationally recognized statistical rating organizations” (as defined by the
Securities Exchange Act of 1934, as amended) then maintaining a securities rating on the 2009BT
Bonds that the substitution of such Substitute Mortgage Bonds for the Mortgage Bonds will not
result in a reduction of the securities rating assigned to the 2009BT Bonds by that credit rating
agency immediately prior to the substitution or the suspension or withdrawal of its rating and the
Company shall have provided the Trustee with written evidence of such advice.

     (e) In the event that the Company cannot obtain assurance of at least two credit rating
agencies as described in Section 4.03(d) above, the Company will take such actions as are necessary
to cause the Release Date not to occur.

     (f) Article Four and related provisions of the Original Indenture (except for any provisions
relating to discharge of Bonds or amounts owing on Bonds on or after the Release Date) shall apply
to Substitute Mortgage Bonds pledged to the Trustee hereunder and the provisions thereof shall be
deemed to refer to the Substitute Mortgage and the Substitute Mortgage Bonds. Article Four and
related provisions may be amended by the Company to have the Notes secured by Substitute Mortgage
Bonds on and after the Release Date and make appropriate reference to the Substitute Mortgage and
the Substitute Mortgage Bonds; provided, that the consent of Holders shall not be required in
connection with such amendment.

     SECTION 4.04. Events of Default.

     (a) On and after the Release Date, Section 601(8) of the Original Indenture shall no longer
apply to the Notes.

     For purposes of the Notes, Section 601(8) of the Original Indenture shall read, “the
occurrence of an “event of default” as such term is defined in the Mortgage; or”.

     (b) On and after the Release Date, the occurrence of a “default” (as defined in the Substitute
Mortgage) shall constitute an Event of Default under Section 601 of the Original Indenture with
respect to the Notes and the references in Section 601(4) of the Original Indenture and related
provisions to “Mortgage Bonds” shall be deemed to refer to “Substitute Mortgage Bonds.”

     (c) In addition, failure by the Company to deliver Substitute Mortgage Bonds in accordance
with the provisions of Section 4.03 of this Supplemental Indenture on or prior to the Release Date
shall be an “Event of Default” with respect to the Notes as contemplated by Section 601(9) of the
Original Indenture.

9

 

ARTICLE FIVE

MISCELLANEOUS PROVISIONS

     The Trustee makes no undertaking or representations in respect of, and shall not be
responsible in any manner whatsoever for and in respect of, the validity or sufficiency of this
Twenty-Ninth Supplemental Indenture or the proper authorization or the due execution hereof by the
Company or for or in respect of the recitals and statements contained herein, all of which recitals
and statements are made solely by the Company.

     Except as expressly amended hereby and by the supplemental indenture appointing the Trustee as
successor trustee, the Original Indenture shall continue in full force and effect in accordance
with the provisions thereof and the Original Indenture is in all respects hereby ratified and
confirmed. This Twenty-Ninth Supplemental Indenture and all its provisions shall be deemed a part
of the Original Indenture in the manner and to the extent herein and therein provided.

     This Twenty-Ninth Supplemental Indenture and the Notes shall be governed by, and construed in
accordance with, the laws of the State of New York.

     This Twenty-Ninth Supplemental Indenture may be executed in any number of counterparts, each
of which so executed shall be deemed to be an original, but all such counterparts shall together
constitute but one and the same instrument.

10

 

     IN WITNESS WHEREOF, the parties hereto have caused this Twenty-Ninth Supplemental Indenture to
be duly executed and attested, all as of the day and year first above written.

	 	 	 	 	 
	 	THE DETROIT EDISON COMPANY

 	 
	 	By:/s/Edward
Solomon

	 
	 	Name:	 	Edward Solomon 	 
	 	Title: Assistant Treasurer 	 
	 

ATTEST:

By:/s/Sandra Kay Ennis                    

Name: Sandra Kay Ennis

Title: Corporate Secretary

11

 

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON TRUST

COMPANY, N.A., as Trustee

 	 
	 	By:/s/Alexis M. Johnson
 
	 	Name:	 	Alexis M. Johnson 	 
	 	Title: Assistant Vice President 	 
	 

ATTEST:

By: /s/J. Michael Banas                    

Name: J. Michael Banas

Title: Vice President

12

 

EXHIBIT A

					
	 	 	 	 	 
	No. R-___
	 	 	 	$                    

THE DETROIT EDISON COMPANY

2009 SERIES BT 6.00% SENIOR NOTES DUE 2036

Principal Amount: $____________

Authorized Denomination: $5,000

Regular Record Date: Same as the record date for the 2009BT Bonds with respect to the relevant
Interest Payment Date

Original Issue Date: April 1, 2009

Stated Maturity: December 1, 2036

Interest Payment Dates: June 1 and December 1 of each year, commencing December 1, 2009.

Interest Rate: 6.00% per annum

     THE DETROIT EDISON COMPANY, a corporation duly organized and existing under the laws of the
State of Michigan (the “Company,” which term includes any successor corporation under the Indenture
hereinafter referred to), for value received, hereby promises to pay The Bank of New York Mellon
Trust Company, N.A., as Bond Trustee, or registered assigns, at the office or agency of the Company
in the City of New York, New York, the principal sum of                                          dollars ($                    ) on
December 1, 2036 (the “Stated Maturity”), in the coin or currency of the United States, and to pay
interest thereon from the Original Issue Date shown above, or from the most recent Interest Payment
Date to which interest has been paid or duly provided for, in arrears on each Interest Payment Date
as specified above, commencing on the first date on which interest is payable on the 2009BT Bonds,
and on the Stated Maturity at the rate per annum shown above (the “Interest Rate”) until the
principal hereof is paid or made available for payment, and on any overdue principal and premium
and on any overdue installment of interest. The interest so payable, and punctually paid or duly
provided for, on any Interest Payment Date will, as provided in the Indenture, be paid to the
Person in whose name this Note (or one or more Predecessor Securities) is registered on the Regular
Record Date as specified above next preceding such Interest Payment Date. This Note is being
issued to the Bond Trustee, as assignee of the Michigan Strategic Fund (the “MSF”), pursuant to the
Company’s obligations under the Loan Agreement dated as of April 1, 2009 (the “Loan Agreement”)
between the MSF and the Company relating to the Michigan Strategic Fund Limited Obligation
Refunding Revenue Bonds (The Detroit Edison Company Exempt Facilities Project), Collateralized
Series 2009BT (the “2009BT Bonds”), which are issued under the Trust Indenture dated as of April 1,
2009 (the “Bond Indenture”) between the MSF and The Bank of New York Mellon Trust Company, N.A., as
trustee (the “Bond Trustee”). Except as otherwise provided in the Indenture, any such interest not
so punctually paid or duly provided for will 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 Note (or one or more
Predecessor Securities) is registered at the close of business on a Special Record Date to be fixed
by the Trustee for the payment of such defaulted interest, notice whereof shall be given to Holders
of Notes of this series not less than ten days prior to such Special Record Date, or may

A-1

 

 be paid at any time in any other lawful manner not inconsistent with the requirements of any
securities exchange, if any, on which the Notes of this series shall be listed, and upon such
notice as may be required by any such exchange, all as more fully provided in the Indenture.

          Payments of interest on this Note will include interest accrued to but excluding the
respective Interest Payment Dates. Interest payments for this Note shall be computed and paid on
the same basis as interest on the 2009BT Bonds pursuant to the Bond Indenture. The Company shall
pay interest on overdue principal and premium, if any, and, to the extent lawful, on overdue
installments of interest at the rate per annum borne by this Note. In the event that any Interest
Payment Date, Redemption Date or Maturity Date is not a Business Day, then the required payment of
principal, premium, if any, and interest will be made on the next succeeding day that is a Business
Day (and without any interest or other payment in respect of any such delay), in each case with the
same force and effect as if made on such date. “Business Day” means any day except a Saturday,
Sunday or other day on which banking institutions in the State of New York or the State of Michigan
are authorized or obligated pursuant to law or executive order to close.

          Payment of principal of, premium, if any, and interest on the Notes shall be made in such coin
or currency of the United States of America as at the time of payment is legal tender for payment
of public and private debts. Payments of principal, premium, if any, and interest due at the
Stated Maturity or earlier redemption of such Securities shall be made at the office of the Paying
Agent upon surrender of such Securities to the Trustee. Payments of interest shall be made, at the
option of the Company, subject to such surrender where applicable, by check mailed to the address
of the Person entitled thereto as such address shall appear in the Security Register.

          UNTIL THE RELEASE DATE (AS DEFINED BELOW), THIS NOTE SHALL BE SECURED BY GENERAL AND REFUNDING
MORTGAGE BONDS, 2009 SERIES BT (THE “MORTGAGE BONDS”) ISSUED AND DELIVERED BY THE COMPANY TO THE
TRUSTEE (AS DEFINED BELOW) UNDER THE COMPANY’S SUPPLEMENTAL INDENTURE DATED AS OF MARCH 15, 2009,
SUPPLEMENTING THE MORTGAGE AND DEED OF TRUST DATED AS OF OCTOBER 1, 1924 BETWEEN THE COMPANY AND
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. (THE “MORTGAGE TRUSTEE”), PLEDGED BY THE COMPANY
FOR THE BENEFIT OF THE HOLDERS OF THE NOTES TO THE TRUSTEE UNDER THE INDENTURE (THE “MORTGAGE”).
ON THE RELEASE DATE, THE NOTES SHALL CEASE TO BE SECURED BY SUCH MORTGAGE BONDS AND, SHALL BE
SECURED BY SUBSTITUTE MORTGAGE BONDS UNDER A SUBSTITUTE MORTGAGE.

          Unless the Certificate of Authentication hereon has been executed by the Trustee or a duly
appointed Authentication Agent referred to herein, this Note shall not be entitled to any benefit
under the Indenture or be valid or obligatory for any purpose.

          This Note is one of a duly authorized series of Securities of the Company (herein sometimes
referred to as the “Notes”), specified in the Indenture, all issued or to be issued in one or more
series under and pursuant to a Collateral Trust Indenture dated as of June 30, 1993 (the “Original
Indenture”) duly executed and delivered between the Company and The Bank of New York Mellon Trust
Company, N.A., as successor Trustee (herein referred to as the “Trustee”), as supplemented through
and including a Twenty-Ninth Supplemental Indenture dated as of March 15, 2009 (together with the
Original Indenture, the “Indenture”) between the Company and the Trustee, to which Indenture and
all indentures supplemental thereto reference is hereby made for

A-2

 

a description of the respective rights, limitations of rights, obligations, duties and
immunities thereunder of the Trustee, the Company and the registered Holders of the Notes and of
the terms upon which the Notes are, and are to be, authenticated and delivered.

          The Notes are not subject to repayment at the option of the Holders thereof and are not
subject to any sinking fund, except to the extent that the Bond Trustee, or its successor in
interest, may have exercised its rights pursuant to Section 2.03 of the aforesaid Twenty-Ninth
Supplemental Indenture. The Notes are subject to Optional Redemption and Extraordinary Optional
Redemption, as a whole or in part, and Special Mandatory Redemption, in whole, by the Company prior
to Stated Maturity of the principal thereof upon the same terms as the 2009BT Bonds are subject to
redemption. Upon payment of the principal or premium, if any, on the 2009BT Bonds, whether at
maturity or prior to maturity by redemption or otherwise, or upon provision for the payment thereof
having been made in accordance with Article II of the Bond Indenture, or upon payment of interest
on the 2009BT Bonds, Notes in a principal amount equal to the principal amount of the 2009BT Bonds
so paid, or interest on Notes in an amount equal to the interest on the 2009BT Bonds so paid, as
the case may be, shall, to the extent of such payment, be deemed fully paid and the obligation of
the Company thereunder to make such payment shall forthwith cease and be discharged, and, in the
case of the payment of principal and premium, if any, such Notes shall be surrendered for
cancellation or presented for appropriate notation to the Trustee.

          Notwithstanding the foregoing, installments of interest on this Note that are due and payable
on Interest Payment Dates falling on or prior to a Redemption Date will be payable on the Interest
Payment Date to the registered Holders as of the close of business on the relevant Record Date.

          Notice of any Optional, Extraordinary Optional or Special Optional Redemption will be mailed
at least 30 days but not more than 60 days before the Optional, Extraordinary Optional or Special
Optional Redemption Date, as the case may be, to the Holder hereof at its registered address.

          Unless the Company defaults in payment of the applicable Redemption Price, on and after the
applicable Redemption Date interest will cease to accrue on the principal amount of this Note
called for redemption.

          If money sufficient to pay the applicable Redemption Price with respect to the principal
amount of and accrued interest on the principal amount of this Note to be redeemed on the
applicable Redemption Date is deposited with the Trustee or Paying Agent on or before the related
Redemption Date and certain other conditions are satisfied, then on or after such date, interest
will cease to accrue on the principal amount of this Note called for redemption.

          If the Company elects to redeem all or a portion of the Notes, the redemption will be
conditional upon receipt by the Paying Agent or the Trustee of monies sufficient to pay the
Redemption Price. If the Notes are only partially redeemed by the Company, the Trustee shall
select which Notes are to be redeemed in a manner it deems fair and appropriate in accordance with
the terms of the Indenture.

A-3

 

          In the event of redemption of this Note in part only, a new Note or Notes of this series for
the unredeemed portion hereof will be issued in the name of the registered Holder hereof upon the
cancellation hereof.

          In case an Event of Default, as defined in the Indenture, shall have occurred and be
continuing, the principal of all of the Notes may be declared, and upon such declaration shall
become, due and payable, in the manner, with the effect and subject to the conditions provided in
the Indenture.

          The Indenture contains provisions for defeasance at any time of the entire indebtedness of
this Note upon compliance by the Company with certain conditions set forth therein. In the event
the Company desires to provide for the payment of Notes, in lieu of defeasing the Notes in
accordance with the Indenture, the Company shall redeem an equal principal amount of 2009BT Bonds.

          Any amount payable by the Company in respect of principal of the Notes, whether at maturity or
prior to maturity by redemption or otherwise, in a circumstance where there has not been a
corresponding payment of principal of 2009BT Bonds, shall be applied simultaneously to the
redemption of any equal principal amount of 2009BT Bonds in accordance with the Bond Indenture.

          The Indenture contains provisions permitting the Company and the Trustee, with the consent of
the registered Holders of not less than a majority in aggregate principal amount of the outstanding
Securities of each series affected at the time, as defined in the Indenture, to execute
supplemental indentures for the purpose of adding any provisions to or changing in any manner or
eliminating any of the provisions of the Indenture or of any supplemental indenture or of modifying
in any manner the rights of the registered Holders of the Securities; provided, however, that no
such supplemental indenture shall (i) extend the fixed maturity of any Securities of any series, or
reduce the principal amount thereof, or reduce the rate of or extend the time of payment of
interest thereon, or reduce any premium payable upon the redemption thereof, without the consent of
the registered Holder of each Security so affected or (ii) reduce the aforesaid percentage of
Securities, the registered Holders of which are required to consent to any such supplemental
indenture, without the consent of the registered Holders of each Security then outstanding and
affected thereby. The Indenture also contains provisions permitting (i) the registered Holders of
at least 66 2/3% in aggregate principal amount of the Securities of all series at the time
outstanding affected thereby, on behalf of the registered Holders of the Securities of such series,
to waive compliance by the Company with certain provisions of the Indenture and (ii) the registered
Holders of a majority in aggregate principal amount of the Securities of all series at the time
outstanding affected thereby, on behalf of the registered Holders of the Securities of such series,
to waive certain past defaults under the Indenture and their consequences. Any such consent or
waiver by the registered Holder of this Note (unless revoked as provided in the Indenture) shall be
conclusive and binding upon such registered Holder and upon all future registered Holders and
owners of this Note and of any Note issued in exchange hereof or in place hereof (whether by
registration of transfer or otherwise), irrespective of whether or not any notation of such consent
or waiver is made upon this Note.

          No reference herein to the Indenture and no provision of this Note or of the Indenture shall
alter or impair the obligation of the Company, which is absolute and unconditional, to pay

A-4

 

the principal of and interest on this Note at the time and place and at the rate and in the
coin or currency herein prescribed.

          Prior to the Release Date, the Notes of this series shall be secured by a series of Mortgage
Bonds (the “Related Series of Bonds”), delivered by the Company to the Trustee for the benefit of
the Holders of the Notes. Reference is made to the Mortgage and the Indenture for a description of
the rights of the Trustee as Holder of the Related Series of Bonds, the property mortgaged and
pledged under the Mortgage and the rights of the Company and of the Mortgage Trustee in respect
thereof, the duties and immunities of the Mortgage Trustee and the terms and conditions upon which
the Related Series of Bonds are secured and the circumstances under which additional Mortgage Bonds
may be issued.

          FROM AND AFTER SUCH TIME AS ALL BONDS, OTHER THAN (1) PLEDGED BONDS, INCLUDING THE RELATED
SERIES OF BONDS, AND (2) MORTGAGE BONDS (EXCLUSIVE OF PLEDGED BONDS) WHICH DO NOT IN AGGREGATE
PRINCIPAL AMOUNT EXCEED THE GREATER OF FIVE PERCENT (5%) OF NET TANGIBLE ASSETS OR FIVE PERCENT
(5%) OF CAPITALIZATION, HAVE BEEN RETIRED THROUGH PAYMENT, REDEMPTION OR OTHERWISE (INCLUDING THOSE
MORTGAGE BONDS THE PAYMENT FOR WHICH HAS BEEN PROVIDED FOR IN ACCORDANCE WITH THE MORTGAGE) AT,
BEFORE OR AFTER THE MATURITY THEREOF, PROVIDED THAT NO DEFAULT OR EVENT OF DEFAULT HAS OCCURRED AND
IS CONTINUING (THE “RELEASE DATE”), THE RELATED SERIES OF BONDS SHALL CEASE TO SECURE THE NOTES IN
ANY MANNER AND SHALL INSTEAD BE SECURED BY SUBSTITUTE MORTGAGE BONDS PURSUANT TO SECTION 4.03 OF
THE TWENTY-NINTH SUPPLEMENTAL INDENTURE DATED AS OF MARCH 15, 2009 TO THE INDENTURE DESCRIBED
ABOVE.

          As provided in the Indenture and subject to certain limitations therein set forth, the
transfer of this Note is registrable in the Security Register of the Company, upon surrender of
this Note for registration of transfer at the office or agency of the Company in any place where
the principal of and any interest on this Note are payable or at such other offices or agencies as
the Company may designate, duly endorsed by or accompanied by a written instrument or instruments
of transfer in form satisfactory to the Company and the Security Registrar or any transfer agent
duly executed by the registered Holder hereof or his or her attorney duly authorized in writing,
and thereupon one or more new Notes of this series and of like tenor, of authorized denominations
and for the same aggregate principal amount will be issued to the designated transferee or
transferees. No service charge will be made for any such transfer, but the Company may require
payment of a sum sufficient to cover any tax or other governmental charge payable in relation
thereto.

          Prior to due presentment for registration of transfer of this Note, the Company, the Trustee,
any Paying Agent and any Note Registrar may deem and treat the registered Holder hereof as the
absolute owner hereof (whether or not this Note shall be overdue and notwithstanding any notice of
ownership or writing hereon made by anyone other than the Note Registrar) for the purpose of
receiving payment of or on account of the principal hereof and interest due hereon and for all
other purposes, and neither the Company nor the Trustee nor any Paying Agent nor any Security
Registrar shall be affected by any notice to the contrary.

A-5

 

          As set forth in, and subject to the provisions of, the Indenture, no Holder of any Note will
have any right to institute any proceeding with respect to the Indenture or for any remedy
thereunder, unless (i) such Holder shall have previously given to the Trustee written notice of a
continuing Event of Default with respect to the Notes of this series, (ii) the Holders of not less
than 25% in principal amount of the outstanding Notes of this series shall have made written
request, and offered reasonable indemnity, to the Trustee to institute such proceeding as trustee,
(iii) the Trustee shall have failed to institute such proceeding within 60 days and (iv) the
Trustee shall not have received from the Holders of a majority in principal amount of the
outstanding Notes of this series a direction inconsistent with such request within such 60-day
period; provided, however, that such limitations do not apply to a suit instituted by the Holder
hereof for the enforcement of payment of the principal of or any interest on this Note on or after
the respective due dates expressed herein.

          All terms used in this Note which are defined in the Indenture shall have the meanings
assigned to them in the Indenture.

A-6

 

          IN WITNESS WHEREOF, the parties hereto have caused this Note to be duly executed and attested,
all as of the day and year first above written.

	 	 	 	 	 
	 	THE DETROIT EDISON COMPANY	 

[Corporate Seal]

	 	 	 	 	 
	 	By:  	
 	 
	 	Name:  	 	 	 
	 	Title:  	 	 	 
	 

ATTEST:

By:                                         

Name:

Title:

A-7

 

CERTIFICATE OF AUTHENTICATION

          This is one of the Notes of the series of Notes described in the within mentioned Indenture.

	 	 	 	 	 
	 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 
	 

Date:                                        

A-8

 

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

 

(Please insert Social Security or Other Identifying Number of Assignee)

 

(Please print or type name and address, including zip code of assignee)

the within Note and all rights thereunder, hereby irrevocably constituting and appointing such
person attorneys to transfer the within Note on the books of the Issuer, with full power of
substitution in the premises.

Dated:                                         

          NOTICE: The signature of this assignment must correspond with the name as written upon the
face of the within Note in every particular, without alteration or enlargement or any change
whatever and NOTICE: Signature(s) must be guaranteed by a financial institution that is a member of
the Securities Transfer Agents Medallion Program (“STAMP”), the Stock Exchange, Inc. Medallion
Signature Program (“MSP”). When assignment is made by a guardian, trustee, executor or
administrator, an officer of a corporation, or anyone in a representative capacity, proof of his or
her authority to act must accompany this Note.

A-9

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