Document:

EXHIBIT 10-39
	 

	 
		 
	 

	 
		GUARANTY
	 

	 
		GUARANTY, dated as of March 26, 2007 (this
		“Guaranty”), by FIRSTENERGY GENERATION CORP., an Ohio
		corporation (the “Guarantor”) and a wholly owned subsidiary of FIRSTENERGY
		SOLUTIONS CORP., an Ohio corporation (“FES”),
		in favor of the Guaranteed Parties (as hereinafter defined).
	 

	 
		PRELIMINARY STATEMENTS
	 

	 
		WHEREAS, in order to enable FES to obtain
		credit on terms more favorable than it could otherwise obtain without such
		guaranty, FES has requested that the Guarantor provide this guaranty for the
		benefit of persons or entities to whom FES is or hereafter becomes indebted or
		liable from time to time (such persons or entities, including any trustee or
		agent acting on behalf of such persons or entities, the
		“Guaranteed
		Parties”) in respect of FES
		Indebtedness (as hereinafter defined);
	 

	 
		WHEREAS, as further support, FES has
		requested that FIRSTENERGY NUCLEAR GENERATION CORP., an Ohio corporation
		(“NGC”) and a wholly owned subsidiary of FES, provide a
		substantially similar guaranty for the benefit of the Guaranteed Parties in
		respect of FES Indebtedness (the “NGC Guaranty”);
	 

	 
		WHEREAS, in order to obtain credit on terms
		more favorable than they could otherwise obtain without such guaranties, each
		of the Guarantor and NGC have requested FES to provide a substantially similar
		guaranty in respect of its indebtedness for borrowed money (collectively, the
		“FES
		Guaranties”); and
	 

	 
		WHEREAS, the Guarantor and NGC wish to so
		support FES and FES wishes to so support the Guarantor and NGC; 
	 

	 
		NOW, THEREFORE, in consideration of
		FES’s execution and delivery of the FES Guaranties and NGC’s
		execution and delivery of the NGC Guaranty, each of which the Guarantor hereby
		agrees shall benefit it and which the Guarantor acknowledges will be made in
		reliance upon the execution and delivery of this Guaranty, the Guarantor hereby
		agrees as follows:
	 

	 
		Section 1.
		Guaranty. Subject to the terms and conditions of this Guaranty,
		the Guarantor hereby unconditionally and irrevocably guarantees to the
		Guaranteed Parties the payment when due (whether at stated maturity, by reason
		of acceleration, or otherwise) of the obligations of FES constituting FES
		Indebtedness (the “Guaranteed
		Obligations”), without regard
		to whether any such Guaranteed Obligation is direct or indirect, absolute or
		contingent, now or hereafter existing or owing, voluntary or involuntary,
		created or arising by contract, operation of law or otherwise or incurred or
		payable before or after commencement of any proceedings by or against FES under
		any bankruptcy or insolvency law. 
	 

	 
		Section 2. Certain Defined Terms. As used herein, (i) “FES Indebtedness” means at any date, without duplication,
		(a) all obligations of FES for borrowed money, or with respect to
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		 
	 

	 
		 
	 

	 
		deposits or advances of any kind, or for the
		deferred purchase price of property or services, excluding, however, trade
		accounts payable incurred in the ordinary course of business, (b) all
		obligations of FES evidenced by bonds, debentures, notes or similar
		instruments, (c) all obligations of FES upon which interest charges are
		customarily paid, (d) all obligations under leases that shall have been or
		should be, in accordance with generally accepted accounting principles in the
		United States in effect from time to time, recorded as capital leases in
		respect of which FES is liable as lessee, (e) reimbursement obligations of
		FES (whether contingent or otherwise) in respect of letters of credit,
		bankers’ acceptances, surety or other bonds and similar instruments, and
		(f) obligations of FES under direct or indirect guaranties in respect of,
		and obligations (contingent or otherwise) to purchase or otherwise acquire, or
		otherwise to assure a creditor against loss in respect of, indebtedness or
		obligations of others of the kinds referred to above; provided, however, that “FES Indebtedness” shall (x) not include
		indebtedness that would otherwise constitute FES Indebtedness if and to the
		extent that an instrument evidencing or governing such indebtedness shall
		provide that such indebtedness shall not constitute FES Indebtedness for
		purposes of this Guaranty or otherwise in any manner provides that such
		indebtedness shall not be entitled to the benefits of this Guaranty, and (y)
		not include any indebtedness owing to any FirstEnergy Subsidiary; (ii)
		“Bankruptcy
		Code” means the Bankruptcy
		Reform Act of 1978, as amended from time to time, and any Federal law with
		respect to bankruptcy, insolvency, reorganization, liquidation, moratorium or
		similar laws affecting creditors’ rights generally; (iii)
		“FirstEnergy
		Subsidiary” means any
		corporation or other entity of which securities or other ownership interests
		having ordinary voting power to elect a majority of the board of directors or
		other persons performing similar functions are at the time directly or
		indirectly owned by FirstEnergy Corp.; and (iv) “Person”
		means an individual, partnership, corporation (including a business trust),
		limited liability company, joint stock company, trust, unincorporated
		association, joint venture or other entity, or a government or any political
		subdivision or agency thereof.
	 

	 
		Section 3.
		Guaranty Absolute. This Guaranty is (i) an absolute, unconditional and
		continuing guaranty of payment of the Guaranteed Obligations in accordance with
		the respective terms thereof; (ii) a guaranty of payment and not of collection
		and is thereby in no way conditioned upon any attempt to collect the Guaranteed
		Obligations from FES or any other Person or any collateral therefor; (iii)
		binding upon and enforceable against the Guarantor without regard to the
		validity or enforceability of any Guaranteed Obligation or of any term thereof;
		and (iv) unsecured and pari
		passu with all other unsecured and unsubordinated
		indebtedness of the Guarantor from time to time outstanding. 
	 

	 
		Section 4.
		Reinstatement. The obligations of the Guarantor herein shall continue
		to be effective or shall be reinstated, as the case may be, if at any time,
		payment of any amount guaranteed hereunder, or any part thereof, is rescinded
		or must otherwise be restored or returned upon the insolvency, bankruptcy or
		reorganization of FES or otherwise.
	 

	 
		Section 5.
		Guaranty Not Subject to Setoff,
		etc. The obligations of the Guarantor
		hereunder shall not be subject to any counterclaim, setoff, deduction or
		defense (other than payment of the applicable Guaranteed Obligations) based
		upon any claim or defense FES may have against any Guaranteed Party or any
		claim or defense the Guarantor may have against FES or any other Person and
		shall remain in full force and effect (subject to Section 4 hereof) until
		payment in full (or other satisfaction) of all Guaranteed Obligations, and such
		obligations shall
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		 
	 

	 
		 
	 

	 
		not be released, discharged, reduced or in
		any way affected by, any circumstance or condition whatsoever which might
		constitute a legal or equitable discharge or defense including, but not limited
		to, (a) the amendment, supplement or other modification (by operation of law or
		otherwise) of any of the terms of the Guaranteed Obligations, or any part
		thereof, including any change in the time, manner or place of payment of, or
		any other term of, all or any of the Guaranteed Obligations; (b) the default or
		failure on the part of FES to perform or comply with any term of the Guaranteed
		Obligations; (c) any waiver, consent, extension, indulgence or other action or
		inaction under or in respect of any Guaranteed Obligations; (d) any bankruptcy,
		insolvency, reorganization, arrangement, readjustment, composition, liquidation
		or similar proceeding with respect to NGC or FES, or their respective
		properties, or any action taken by any trustee or receiver or by any court in
		any such proceeding; (e) any merger or consolidation of FES into or with any
		other Person or any direct or indirect sale, lease or transfer of all or any
		material portion of the assets of FES to any other Person; (f) any change in
		the ownership of any shares of capital stock of FES, NGC or the Guarantor
		(including any such change which results in FES no longer owning the capital
		stock of NGC or the Guarantor); or (g) any other event or circumstance
		whatsoever (other than payment, or other satisfaction, in full of the
		applicable Guaranteed Obligations).
	 

	 
		Section 6.
		Subrogation;
		Contribution. The Guarantor will not
		exercise any rights which it may acquire as a result of any payment made
		hereunder with respect to any Guaranteed Obligations, including any right of
		subrogation or contribution, unless and until all of such Guaranteed
		Obligations owed to any Guaranteed Parties in respect thereof have been paid in
		full or otherwise satisfied. If any such Guaranteed Obligations have been paid
		in full or otherwise satisfied, the Guarantor shall be entitled to exercise any
		right of subrogation or contribution arising as a result of such payment or
		satisfaction. If (a) the Guarantor shall make payment to any Guaranteed Party
		of all or any part of the Guaranteed Obligations due and payable to such
		Guaranteed Party and (b) all such Guaranteed Obligations shall be paid in full
		or otherwise satisfied, such Guaranteed Party will, at the Guarantor’s
		request and expense, execute and deliver to the Guarantor appropriate
		documents, without recourse and without representation or warranty, necessary
		to evidence the transfer by subrogation to the Guarantor of an interest in the
		Guaranteed Obligations resulting from such payment by the Guarantor.
	 

	 
		Section 7. Fraudulent Conveyance. The Guarantor and, by its acknowledgement hereof, FES
		hereby confirm, and each Guaranteed Party, by its reliance hereupon, is deemed
		to have confirmed, that it is the intention of all such parties that this
		Guaranty not constitute a fraudulent transfer or conveyance for purposes of the
		Bankruptcy Code, the Ohio Uniform Fraudulent Transfer Act or any similar
		Federal or state law. To effectuate the foregoing intention, the Guarantor and,
		by its acknowledgement hereof, FES hereby irrevocably agree, and the Guaranteed
		Parties are deemed to have irrevocably agreed, that the obligations of the
		Guarantor under this Guaranty shall be limited to the maximum amount which,
		after giving effect to all other contingent and fixed liabilities of the
		Guarantor and after giving effect to any collections from or payments made by
		or on behalf of NGC under the NGC Guaranty, will result in the obligations of
		the Guarantor under this Guaranty not constituting such fraudulent transfer or
		conveyance.
	 

	 
		Section 8.
		Exercise of Rights. Each Guaranteed Party may, at its election, exercise
		any right or remedy it might have against FES or any security held by or on
		behalf of such 
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		 
	 

	 
		 
	 

	 
		Guaranteed Party, including the right to
		foreclose upon any such security by judicial or nonjudicial sale, without
		affecting or impairing in any way the liability of the Guarantor hereunder,
		except to the extent the applicable Guaranteed Obligations are paid or
		satisfied from such exercise of rights, or otherwise, and the Guarantor waives
		any defense arising out of the absence, impairment or loss of any right of
		reimbursement, contribution or subrogation or any other right or remedy of the
		Guarantor against FES or any such security, whether resulting from such
		election by such Guaranteed Party, or otherwise.
	 

	 
		Section 9. Merger, Consolidation, Sale or
		Conveyance (a) The Guarantor covenants
		that it will not merge or consolidate with any other Person or sell or convey
		all or substantially all of its assets to any Person, except that the Guarantor
		may merge or consolidate with, or sell or convey all or substantially all of
		its assets to any Person so long as (i) either the Guarantor shall be the
		continuing corporation, or the successor corporation (if other than the
		Guarantor) shall be a corporation organized and existing under the laws of the
		United States of America or a State thereof or the District of Columbia and
		such corporation shall expressly assume the due and punctual performance and
		observance of all of the covenants and conditions of this Guaranty to be
		performed by the Guarantor, and (ii) the Guarantor or such successor
		corporation, as the case may be, shall not, immediately after such merger,
		consolidation, sale or conveyance, be in default in the performance of any such
		covenant or condition.
	 

	 
		(b) Upon any consolidation of the Guarantor
		with, or merger of the Guarantor into, any other Person or any sale or
		conveyance of all or substantially all of the assets of the Guarantor in
		accordance with this Section 9, the successor Person formed by such
		consolidation or into which the Guarantor is merged or to which such sale or
		conveyance is made shall succeed to, and be substituted for, and may exercise
		every right and power of, the Guarantor under this Guaranty with the same
		effect as if such successor Person had been named as the Guarantor herein, and
		thereafter, the predecessor Person shall be relieved of all obligations,
		liabilities and covenants under this Guaranty.
	 

	 
		Section 10.
		Parties. This Guaranty is intended to be for the benefit of,
		and shall be enforceable by, each of the Guaranteed Parties, whether or not
		such Guaranteed Parties have received notice hereof, and shall be binding upon
		the Guarantor and its successors and assigns.
	 

	 
		Section 11.
		Notices. All communications and notices hereunder shall be made
		in writing and deemed to have been duly given if mailed or transmitted by any
		standard form of telecommunication to the Guarantor at: 
	 

	 
		FirstEnergy Generation Corp.
	 

	 
		76 South Main Street
	 

	 
		Akron, OH 44308
	 

	 
		Attention: Treasurer
	 

	 
		Facsimile: (330) 384-3722
	 

	 
		Telephone: (330) 384-5855
	 

	 
		Section 12.
		Survival of Representations, Warranties,
		etc. All covenants and agreements made
		herein shall survive any investigation or inspection made by or on behalf of
		any Guaranteed 
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		Party and shall continue in full force and
		effect until all of the Guaranteed Obligations have been paid in full or this
		Guaranty shall have been terminated in accordance with its terms.
	 

	 
		Section 13.
		Governing Law. This Guaranty shall be in all respects governed by,
		and construed in accordance with, the laws of the State of New York, including
		all matters of construction, validity and performance.
	 

	 
		Section 14.
		Severability; Amendments and
		Modifications. If any provision of this
		Guaranty or any application hereof shall be held to be invalid, illegal or
		unenforceable, the validity, legality and enforceability of the remaining
		provisions hereof shall not be affected or impaired thereby. So long as any
		Guaranteed Obligations remain outstanding, this Guaranty shall not be modified
		or amended in any manner adverse to the Guaranteed Parties in respect of such
		Guaranteed Obligations without the express written consent of such Guaranteed
		Parties (or such percentage thereof as shall be empowered, pursuant to the
		instrument or instruments evidencing or governing such Guaranteed Obligations,
		to provide any such consent with binding effect on all such Guaranteed
		Parties). Nothing herein shall impair or limit the ability of the parties to
		the instrument or instruments evidencing or governing any FES Indebtedness to
		waive any or all of the benefits of this Guaranty as it would otherwise apply
		to such FES Indebtedness.
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		 
	 

	 
		 
	 

	 
		IN WITNESS WHEREOF, the undersigned has
		caused this Guaranty to be executed and delivered as of the day and year first
		above written.
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  FIRSTENERGY GENERATION CORP.
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				  
 /s/ Randy Scilla
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name: 
				

			 	
				
				  Randy Scilla
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Title: 
				

			 	
				
				  Assistant Treasurer
				

			 

 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				  Acknowledged as of March 26,
				  2007:
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  
 FIRSTENERGY SOLUTIONS
				  CORP.
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  By: 
				

			 	
				
				  /s/ Randy Scilla
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name: 
				

			 	Randy Scilla	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Title: 
				

			 	Assistant
				Treasurer	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 

 

	 
		 
	 

	 
		Signature Page
	 

	 
		Fossil GuarantyEXHIBIT 10-40
	 

	 
		GUARANTY
	 

	 
		GUARANTY, dated as of March 26, 2007 (this
		“Guaranty”), by FIRSTENERGY SOLUTIONS CORP., an Ohio
		corporation (the “Guarantor”) and the parent company of FIRSTENERGY GENERATION
		CORP., an Ohio corporation (“Genco”), in favor of the Guaranteed Parties (as
		hereinafter defined).
	 

	 
		PRELIMINARY STATEMENTS
	 

	 
		WHEREAS, in order to enable the Genco to
		obtain credit on terms more favorable than it could otherwise obtain without
		such guaranty, the Genco has requested that the Guarantor provide this guaranty
		for the benefit of persons or entities to whom the Genco is or hereafter
		becomes indebted or liable from time to time (such persons or entities,
		including any trustee or agent acting on behalf of such persons or entities,
		the “Guaranteed
		Parties”) in respect of Genco
		Indebtedness (as hereinafter defined);
	 

	 
		WHEREAS, in order to enable FIRSTENERGY
		NUCLEAR GENERATION CORP., an Ohio corporation (“Other Genco” and together with Genco, the
		“Gencos”) and a wholly owned subsidiary of the Guarantor,
		to obtain credit on terms more favorable than it could otherwise obtain without
		such guaranty, the Other Genco has requested that the Guarantor provide a
		substantially similar guaranty in respect of its indebtedness for borrowed
		money (the “Other FES
		Guaranty”);
	 

	 
		WHEREAS, as further support, Guarantor has
		requested that each of the Gencos provide a substantially similar guaranty in
		respect of the Guarantor’s indebtedness for borrowed money (collectively,
		“Genco
		Guaranties”); and
	 

	 
		WHEREAS, the Guarantor wishes to so support
		the Gencos, and the Gencos wish to so support the Guarantor; 
	 

	 
		NOW, THEREFORE, in consideration of the
		Guarantor’s execution and delivery of the Other FES Guaranty, each of the
		Gencos’ execution and delivery of its Genco Guaranty, each of which the
		Guarantor hereby agrees shall benefit it and which the Guarantor acknowledges
		will be made in reliance upon the execution and delivery of this Guaranty, the
		Guarantor hereby agrees as follows:
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		Section 1. Guaranty.
		Subject to the terms and conditions of this Guaranty, the Guarantor hereby
		unconditionally and irrevocably guarantees to the Guaranteed Parties the
		payment when due (whether at stated maturity, by reason of acceleration, or
		otherwise) of the obligations of the Genco constituting Genco Indebtedness (the
		“Guaranteed
		Obligations”), without regard
		to whether any such Guaranteed Obligation is direct or indirect, absolute or
		contingent, now or hereafter existing or owing, voluntary or involuntary,
		created or arising by contract, operation of law or otherwise or incurred or
		payable before or after commencement of any proceedings by or against the Genco
		under any bankruptcy or insolvency law. 
	 

	 
		Section 2. Certain Defined Terms. As used herein, (i) “Genco Indebtedness” means at any date, without duplication,
		(a) all obligations of the Genco for borrowed money, or with respect to
		deposits or advances of any kind, or for the deferred purchase price of
		property or services, excluding, however, trade accounts payable incurred in
		the ordinary course of business, (b) all obligations of the Genco
		evidenced by bonds, debentures, notes or similar instruments, (c) all
		obligations of the Genco upon which interest charges are customarily paid,
		(d) all obligations under leases that shall have been or should be, in
		accordance with generally accepted accounting principles in the United States
		in effect from time to time, recorded as capital leases in respect of which the
		Genco is liable as lessee, (e) reimbursement obligations of the Genco
		(whether contingent or otherwise) in respect of letters of credit,
		bankers’ acceptances, surety or other bonds and similar instruments, and
		(f) obligations of the Genco under direct or indirect guaranties in
		respect of, and obligations (contingent or otherwise) to purchase or otherwise
		acquire, or otherwise to assure a creditor against loss in respect of,
		indebtedness or obligations of others of the kinds referred to above;
		provided, however, that “Genco Indebtedness” shall (x) not
		include indebtedness that would otherwise constitute Genco Indebtedness if and
		to the extent that an instrument evidencing or governing such indebtedness
		shall provide that such indebtedness shall not constitute Genco Indebtedness
		for purposes of this Guaranty or otherwise in any manner provides that such
		indebtedness shall not be entitled to the benefits of this Guaranty, and (y)
		not include any indebtedness owing to any FirstEnergy Subsidiary; (ii)
		“Bankruptcy
		Code” means the Bankruptcy
		Reform Act of 1978, as amended from time to time, and any Federal law with
		respect to bankruptcy, insolvency, reorganization, liquidation, moratorium or
		similar laws affecting creditors’ rights generally; (iii)
		“FirstEnergy
		Subsidiary” means any
		corporation or other entity of which securities or other ownership interests
		having ordinary voting power to elect a majority of the board of directors or
		other persons performing similar functions are at the time directly or
		indirectly owned by FirstEnergy Corp.; and (iv) “Person”
		means an individual, partnership, corporation (including a business trust),
		limited liability company, joint stock company, trust, unincorporated
		association, joint venture or other entity, or a government or any political
		subdivision or agency thereof.
	 

	 
		Section 3. Guaranty Absolute. This Guaranty is (i) an absolute, unconditional and
		continuing guaranty of payment of the Guaranteed Obligations in accordance with
		the respective terms thereof; (ii) a guaranty of payment and not of collection
		and is thereby in no way conditioned upon any attempt to collect the Guaranteed
		Obligations from the Genco or any other Person or any collateral therefor;
		(iii) binding upon and enforceable against the Guarantor without regard to the
		validity or enforceability of any Guaranteed Obligation or of any term thereof;
		and (iv) unsecured and pari
		passu with all other unsecured and unsubordinated
		indebtedness of the Guarantor from time to time outstanding. 
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		Section 4. Reinstatement.
		The obligations of the Guarantor herein shall continue to be effective or shall
		be reinstated, as the case may be, if at any time, payment of any amount
		guaranteed hereunder, or any part thereof, is rescinded or must otherwise be
		restored or returned upon the insolvency, bankruptcy or reorganization of the
		Genco or otherwise. 
	 

	 
		Section 5. Guaranty Not Subject to Setoff, etc The obligations of the Guarantor hereunder shall not be
		subject to any counterclaim, setoff, deduction or defense (other than payment
		of the applicable Guaranteed Obligations) based upon any claim or defense the
		Genco may have against any Guaranteed Party or any claim or defense the
		Guarantor may have against the Genco or any other Person and shall remain in
		full force and effect (subject to Section 4 hereof) until payment in full (or
		other satisfaction) of all Guaranteed Obligations, and such obligations shall
		not be released, discharged, reduced or in any way affected by, any
		circumstance or condition whatsoever which might constitute a legal or
		equitable discharge or defense including, but not limited to, (a) the
		amendment, supplement or other modification (by operation of law or otherwise)
		of any of the terms of the Guaranteed Obligations, or any part thereof,
		including any change in the time, manner or place of payment of, or any other
		term of, all or any of the Guaranteed Obligations; (b) the default or failure
		on the part of the Genco to perform or comply with any term of the Guaranteed
		Obligations; (c) any waiver, consent, extension, indulgence or other action or
		inaction under or in respect of any Guaranteed Obligations; (d) any bankruptcy,
		insolvency, reorganization, arrangement, readjustment, composition, liquidation
		or similar proceeding with respect to the Gencos, or their respective
		properties, or any action taken by any trustee or receiver or by any court in
		any such proceeding; (e) any merger or consolidation of the Genco into or with
		any other Person or any direct or indirect sale, lease or transfer of all or
		any material portion of the assets of the Genco to any other Person; (f) any
		change in the ownership of any shares of capital stock of the Gencos or the
		Guarantor (including any such change which results in the Guarantor no longer
		owning the capital stock of the Gencos); or (g) any other event or circumstance
		whatsoever (other than payment, or other satisfaction, in full of the
		applicable Guaranteed Obligations).
	 

	 
		Section 6. Subrogation; Contribution. The Guarantor will not exercise any rights which it
		may acquire as a result of any payment made hereunder with respect to any
		Guaranteed Obligations, including any right of subrogation or contribution,
		unless and until all of such Guaranteed Obligations owed to any Guaranteed
		Parties in respect thereof have been paid in full or otherwise satisfied. If
		any such Guaranteed Obligations have been paid in full or otherwise satisfied,
		the Guarantor shall be entitled to exercise any right of subrogation or
		contribution arising as a result of such payment or satisfaction. If (a) the
		Guarantor shall make payment to any Guaranteed Party of all or any part of the
		Guaranteed Obligations due and payable to such Guaranteed Party and (b) all
		such Guaranteed Obligations shall be paid in full or otherwise satisfied, such
		Guaranteed Party will, at the Guarantor’s request and expense, execute and
		deliver to the Guarantor appropriate documents, without recourse and without
		representation or warranty, necessary to evidence the transfer by subrogation
		to the Guarantor of an interest in the Guaranteed Obligations resulting from
		such payment by the Guarantor.
	 

	 
		Section 7. Fraudulent Conveyance. The Guarantor and, by its acknowledgement hereof, the
		Genco hereby confirm, and each Guaranteed Party, by its reliance hereupon, is
		deemed to have confirmed, that it is the intention of all such parties that
		this Guaranty not constitute a fraudulent transfer or conveyance for purposes
		of the Bankruptcy Code, the Ohio 
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		Uniform Fraudulent Transfer Act or any
		similar Federal or state law. To effectuate the foregoing intention, the
		Guarantor and, by its acknowledgement hereof, the Genco hereby irrevocably
		agree, and the Guaranteed Parties are deemed to have irrevocably agreed, that
		the obligations of the Guarantor under this Guaranty shall be limited to the
		maximum amount which, after giving effect to all other contingent and fixed
		liabilities of the Guarantor, will result in the obligations of the Guarantor
		under this Guaranty not constituting such fraudulent transfer or
		conveyance.
	 

	 
		Section 8. Exercise of Rights. Each Guaranteed Party may, at its election, exercise
		any right or remedy it might have against the Genco or any security held by or
		on behalf of such Guaranteed Party, including the right to foreclose upon any
		such security by judicial or nonjudicial sale, without affecting or impairing
		in any way the liability of the Guarantor hereunder, except to the extent the
		applicable Guaranteed Obligations are paid or satisfied from such exercise of
		rights, or otherwise, and the Guarantor waives any defense arising out of the
		absence, impairment or loss of any right of reimbursement, contribution or
		subrogation or any other right or remedy of the Guarantor against the Genco or
		any such security, whether resulting from such election by such Guaranteed
		Party, or otherwise. 
	 

	 
		Section 9. Merger, Consolidation, Sale or
		Conveyance (a) The Guarantor covenants
		that it will not merge or consolidate with any other Person or sell or convey
		all or substantially all of its assets to any Person, except that the Guarantor
		may merge or consolidate with, or sell or convey all or substantially all of
		its assets to any Person so long as (i) either the Guarantor shall be the
		continuing corporation, or the successor corporation (if other than the
		Guarantor) shall be a corporation organized and existing under the laws of the
		United States of America or a State thereof or the District of Columbia and
		such corporation shall expressly assume the due and punctual performance and
		observance of all of the covenants and conditions of this Guaranty to be
		performed by the Guarantor, and (ii) the Guarantor or such successor
		corporation, as the case may be, shall not, immediately after such merger,
		consolidation, sale or conveyance, be in default in the performance of any such
		covenant or condition.
	 

	 
		(b) Upon any consolidation of the Guarantor
		with, or merger of the Guarantor into, any other Person or any sale or
		conveyance of all or substantially all of the assets of the Guarantor in
		accordance with this Section 9, the successor Person formed by such
		consolidation or into which the Guarantor is merged or to which such sale or
		conveyance is made shall succeed to, and be substituted for, and may exercise
		every right and power of, the Guarantor under this Guaranty with the same
		effect as if such successor Person had been named as the Guarantor herein, and
		thereafter, the predecessor Person shall be relieved of all obligations,
		liabilities and covenants under this Guaranty.
	 

	 
		Section 10. Parties. This
		Guaranty is intended to be for the benefit of, and shall be enforceable by,
		each of the Guaranteed Parties, whether or not such Guaranteed Parties have
		received notice hereof, and shall be binding upon the Guarantor and its
		successors and assigns.
	 

	 
		Section 11. Notices. All
		communications and notices hereunder shall be made in writing and deemed to
		have been duly given if mailed or transmitted by any standard form of
		telecommunication to the Guarantor at: 
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		FirstEnergy Solutions Corp.
	 

	 
		76 South Main Street
	 

	 
		Akron, OH 44308
	 

	 
		Attention: Treasurer
	 

	 
		Facsimile: (330) 384-3722
	 

	 
		Telephone: (330) 384-5855
	 

	 
		Section 12. Survival of Representations,
		Warranties, etc. All covenants and agreements made herein shall survive any
		investigation or inspection made by or on behalf of any Guaranteed Party and
		shall continue in full force and effect until all of the Guaranteed Obligations
		have been paid in full or this Guaranty shall have been terminated in
		accordance with its terms. 
	 

	 
		Section 13. Governing Law. This
		Guaranty shall be in all respects governed by, and construed in accordance
		with, the laws of the State of New York, including all matters of construction,
		validity and performance.
	 

	 
		Section 14. Severability; Amendments and
		Modifications. If any provision of this Guaranty or any application hereof
		shall be held to be invalid, illegal or unenforceable, the validity, legality
		and enforceability of the remaining provisions hereof shall not be affected or
		impaired thereby. So long as any Guaranteed Obligations remain outstanding,
		this Guaranty shall not be modified or amended in any manner adverse to the
		Guaranteed Parties in respect of such Guaranteed Obligations without the
		express written consent of such Guaranteed Parties (or such percentage thereof
		as shall be empowered, pursuant to the instrument or instruments evidencing or
		governing such Guaranteed Obligations, to provide any such consent with binding
		effect on all such Guaranteed Parties). Nothing herein shall impair or limit
		the ability of the parties to the instrument or instruments evidencing or
		governing any Genco Indebtedness to waive any or all of the benefits of this
		Guaranty as it would otherwise apply to such Genco Indebtedness.
	 

	 
		 
	 

	 
		 
	 

	 
	 

	 

	 
		IN WITNESS WHEREOF, the undersigned has
		caused this Guaranty to be executed and delivered as of the day and year first
		above written.
	 

	 
		 
	 

	 
			
				
				   
				

			 	
				
				   
				

			 	
				
				  FIRSTENERGY SOLUTIONS CORP.
				

			 
	
				
				

			 	
				
				   
				

			 	
				
				  
 By: 
				

			 	
				
				  
 /s/ Randy Scilla
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name: Randy Scilla

				  Title: Assistant Treasurer
				

			 

 

	 
		 
	 

	 
			
				
				  Acknowledged as of March 26,
				  2007:
 
 FIRSTENERGY GENERATION
				  CORP.
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				  
 By: 
				

			 	
				
				  
 /s/ Randy Scilla
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 
	
				
				   
				

			 	
				
				   
				

			 	
				
				  Name: Randy Scilla

				  Title: Assistant Treasurer
				

			 	
				
				   
				

			 	
				
				   
				

			 	
				
				   
				

			 

 

	 
		 
	 

	 
		Signature Page for
	 

	 
		FGCO Guaranty

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