Document:

B EX 10.1 06.30.2011

Exhibit 10.1
BARNES GROUP INC.
Senior Executive Enhanced Life Insurance Program
As Amended and Restated Effective April 1, 2011
Preamble
The Barnes Group Inc. Senior Executive Enhanced Life Insurance Program (the “Program”) was originally adopted effective October 1, 1992 and was previously amended by the Board of Directors effective May 16, 1997, December 31, 2007 and December 31, 2008.  
In accordance with the Board of Directors' unrestricted right to amend, modify, withdraw or add to any of the benefits, terms or conditions of the Program at any time, the Board of Directors hereby amends and restates the Program effective April 1, 2011.
To the extent the Program is subject to the requirements imposed by Code section 409A on nonqualified deferred compensation plans (and the applicable guidance issued thereunder), the Program is intended to comply with such requirements and the terms of the Plan shall be interpreted consistently therewith.
The Program, as amended and restated effective April 1, 2011, shall not apply to any amounts (including without limitation taxable benefits) to be paid or provided pursuant to the provisions of the Program as in effect prior to December 31, 2007 that are “grandfathered” from Code section 409A (i.e., that constitute compensation to which Code section 409A does not apply pursuant to Treasury Regulation section 1.409A-6 or any other applicable Treasury Department guidance) (“Grandfathered Amounts”).  Grandfathered Amounts shall be determined in accordance with, and be governed 

1

exclusively by, the provisions of the Program as in effect before December 31, 2007.  Effective December 31, 2008, any amounts, other than Grandfathered Amounts, to be paid or provided under the Program shall be determined in accordance with, and be governed exclusively by, the Program as amended and restated effective December 31, 2008 and as further amended and restated effective April 1, 2011, which is set forth herein.

Section 1.   Purpose
     The Senior Executive Enhanced Life Insurance Program (SEELIP) is designed to provide an alternative to the Company's standard group term life insurance plan to officers and selected employees of Barnes Group Inc. that provides increasing cash value and little or no post-retirement income tax liabilities.

Section 2.   Definitions
		
	2.1
	"Affiliate" means a corporation or trade or business that, together with the Company, is a member of: (a) a controlled group of corporations, within the meaning of Code section 414(b), or (b) a group of trades or businesses under common control, within the meaning of Code section 414(c).

		
	2.2
	"Base Salary" means annual compensation excluding any bonuses or other special compensation.

		
	2.3
	"Benefits Committee" means the Benefits Committee appointed by the Board of Directors, which Committee has the sole authority and discretion to administer the Plan in accordance with its terms and purposes.

2

		
	2.4
	"Board of Directors" means the Board of Directors of the Company.

		
	2.5
	"Code" means the Internal Revenue Code of 1986, as amended from time to time.

		
	2.6
	"Company" means Barnes Group Inc.

		
	2.7
	"CMDC" means the Compensation and Management Development Committee of the Company's Board of Directors.

		
	2.8
	"Death Benefit" means the amount of life insurance provided under the Plan pursuant to Section 5.1.

		
	2.9
	"Eligible Employee" means: (i) any officer of the Company; or (ii) an employee of the Company who has been designated to participate in the Program by the Board of Directors; provided that, notwithstanding the foregoing, the CMDC may exclude any officer of the Company from participation in the Program at any time before an Insurance Policy is issued to such officer under the Program.  Notwithstanding the foregoing, no employee of the Company may become an Eligible Employee after April 1, 2011.

		
	2.10
	"Insurance Policy" means the Group Flexible Premium Adjustable Life Insurance Policy issued by Massachusetts Mutual Life Insurance Company to provide the benefits under this Plan, as in force on April 1, 2011, and any successor life insurance policy obtained to provide such benefits.  The specific terms of the Insurance Policy that apply to each Participant in the Plan are reflected in an individual certificate issued by the Massachusetts Mutual Life Insurance Company to, or on behalf of, each such Participant as the insured.

3

		
	2.11
	"Life Insurance Company" means Massachusetts Mutual Life Insurance Company, or any other insurance carrier that the Company might use for this program.

		
	2.12
	"Participant" means an Eligible Employee who has met insurance underwriting requirements and is issued an Insurance Policy under the terms of this Plan.

		
	2.13
	"Plan" means the Barnes Group Inc. Senior Executive Enhanced Life Insurance Program (SEELIP), as amended and in effect from time to time.

		
	2.14
	"Plan Year" means July 1st through June 30th.  

		
	2.15
	"Reimburse" (including without limitation “Reimburse a Participant”) or "Reimbursement" means a payment by the Company to a Participant, or directly to the Life Insurance Company or federal, state or local taxing authority on behalf of the Participant, as applicable, to pay any Required Insurance Premiums or federal, state or local income taxes attributable to such premium payments or attributable to such payment of income taxes. For the avoidance of doubt, income taxes attributable to premium payments hereunder shall be fully grossed up, so that Participants will not incur any out-of-pocket cost for income taxes attributable to premium payments hereunder. 

		
	2.16
	"Required Insurance Premium" means the insurance premiums, if any, determined on an objective, nondiscretionary basis by the Life Insurance Company in accordance with Section 7.   

		
	2.17
	"Separation from Service" (or "Separates from Service") means a Participant's death, retirement or other termination of employment with the Company and all Affiliates.  Whether a Separation from Service has occurred shall be determined 

4

by the Benefits Committee based on all of the facts and circumstances and in accordance with Treasury Regulation section 1.409A-1(h) and any other relevant guidance issued under Code section 409A.  

Section 3.   Administration
The Plan shall be administered by the Benefits Committee.

Section 4.   Participation in the Plan
		
	4.1
	Each Eligible Employee may participate in the Plan on the first day of the Plan Year coinciding with or next following his or her date of eligibility for the Company's group term life insurance plan.

		
	4.2
	Eligible Employees may apply to become participants in the Plan by completing an application to the Life Insurance Company and submitting any required documentation.  Acceptance in the Plan is subject to the Life Insurance Company's underwriting requirements.  An Eligible Employee shall become a Participant in the Plan when an Insurance Policy covering him or her is issued by the Life Insurance Company.

Section 5.   Life Insurance Benefits
		
	5.1
	The basic life insurance benefit equals four (4) times the Eligible Employee's Base Salary, rounded up to the next $1,000, determined as of the beginning of each Plan Year.  In the case of an Eligible Employee for whom Reimbursements may be made after Separation from Service (i.e., an Eligible Employee who 

5

before Separation from Service has attained age 55 and at least ten (10) years of service with the Company and/or an Affiliate), the Eligible Employee's Base Salary used to calculate his life insurance benefit under the Plan shall not be adjusted after the date the Eligible Employee experiences a Separation from Service.  
		
	5.2
	When a Participant receives an increase in Base Salary, the amount of additional life insurance (equal to four (4) times the increase in Base Salary rounded up to the next $1,000) will be provided through the Company's group term life insurance plan unless the salary increase is granted on or before, and effective as of, the beginning of a Plan Year, in which case it will be provided under the Plan.  The additional life insurance benefit that is provided through the Company's group term life insurance plan pursuant to the preceding sentence will be provided under the Plan as of the first day of the immediately following Plan Year, subject to the Life Insurance Company's underwriting requirements and provided that the Eligible Employee does not have a Separation from Service on or before such date.x

		
	5.3
	The owner of the Insurance Policy is the Participant unless otherwise designated by the Participant. The cash value of the Insurance Policy belongs to the owner. Beneficiary designations are made by the owner of the Insurance Policy and may be changed at any time. Upon termination of employment, the Insurance Policy may be continued by the policy owner.

Section 6.   Company's Reimbursement of Premiums and Taxes

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	6.1
	Subject to Sections 6.2 and 6.3, the Company shall Reimburse a Participant for all Required Insurance Premiums and the federal, state and local income taxes attributable to the Company's Reimbursement of the Required Insurance Premiums and the income taxes attributable thereto.  For purposes of determining the amount of income taxes attributable to the Company's Reimbursement of the Required Insurance Premiums and the income taxes attributable thereto, the highest marginal rates at which the Participant incurs taxes shall be used.    Any Required Insurance Premiums shall be Reimbursed in the quarter of the Plan Year in which Section 7.1 or, if applicable, Section 7.3 below contemplates that they will be paid to the Life Insurance Company. In each calendar year in which Required Insurance Premiums are required to be Reimbursed pursuant to the foregoing provisions of this Section 6.1 or Section 6.3 below, the Company shall Reimburse the Participant for the income taxes attributable to the Reimbursement of such Required Insurance Premiums and the income taxes attributable thereto. For the avoidance of doubt, the Company shall Reimburse the Participant for the income taxes attributable to the Reimbursement of such Required Insurance Premiums and the income taxes attributable thereto when the Participant remits such income taxes within the meaning of Treasury Regulation section 1.409A-3(i)(1)(v). Within the meaning of Treasury Regulation section 1.409A-3(i)(1)(iv), the amount of Required Insurance Premiums and income taxes eligible for reimbursement during a Participant's taxable year may not affect the amount of Required Insurance Premiums and income taxes eligible for reimbursement in any other taxable year, and the in-kind benefits provided pursuant to the Plan during a 

7

Participant's taxable year may not affect the in-kind benefits to be provided pursuant to the Plan in any other taxable year.  In addition to any other limitations and restrictions that apply pursuant to the Plan, and notwithstanding any provision of the Plan to the contrary, payment of each Reimbursement is subject to the condition that (a) the Participant must be actively employed in the calendar year in which the Reimbursement in question is paid or, if a Reimbursement is paid on or after January 1 and on or before March 15 of a calendar year, must be actively employed in such January 1 to March 15 period or in the immediately preceding calendar year, and must not have had a Separation from Service before the calendar year in which the Reimbursement in question is paid, unless the Reimbursement in question is paid on or after January 1 and on or before March 15 of a calendar year, in which case must not have had a Separation from Service before the immediately preceding calendar year, or (b) the Participant must have attained age 55 and at least ten (10) years of service with the Company and/or an Affiliate on or before the date on which such Reimbursement is paid and before a Separation from Service.
		
	6.2
	Except as provided in Section 6.3, the Company shall cease Reimbursing the Required Insurance Premiums and associated income taxes as of the end of the Plan Year quarter in which any of the following occurs:

(a)    a Participant Separates from Service, or
(b)    a Participant obtains a loan or withdraws any portion of the cash surrender value under the Insurance Policy, or
(c)    six months after the commencement of an unpaid leave of absence, or

8

(d)    two years after the Participant is first absent from work because of a disability.
		
	6.3
	If a Participant who has at least ten (10) years of service with the Company and/or an Affiliate  attains age fifty-five (55) before a Separation from Service occurs, the Company shall continue to Reimburse any Required Insurance Premiums and associated income taxes in accordance with Section 6.1 during the lifetime of the Participant unless and until the Plan is amended to provide otherwise pursuant to Section 9.1 or the Participant obtains a loan or withdraws any portion of the cash surrender value under the Insurance Policy.  The Reimbursement described in the preceding sentence shall not apply to any Participant who has a Separation from Service after April 1, 2011, other than a Participant who has at least ten (10) years of service with the Company and/or an Affiliate and who attains age sixty-two (62) on or prior to December 31, 2011.

		
	6.4
	If the Company ceases to Reimburse Required Insurance Premiums for any reason, including those in Section 6.2, the policy owner may continue paying the premium on his own, may borrow against the policy to pay premiums, or may cash in the policy.

Section 7.   Required Insurance Premiums
		
	7.1
	Prior to a Participant's Separation from Service or, if earlier, the later of (a) the end of the Plan Year in which the Participant attains age sixty-five (65), or (b) the end of the Plan Year in which the minimum period necessary to avoid having the Insurance Policy classified as a modified endowment contract under Code section 

9

7702A ends, the Required Insurance Premiums for any Plan Year shall be the quarterly insurance premiums that as of the beginning of such Plan Year are required to be paid to the Life Insurance Company on the first day of each quarter during such Plan Year (i.e., July 1, October 1, January 1 and April 1) to provide the Participant with the Death Benefit under the Insurance Policy through age one hundred (100), assuming that the Insurance Policy is to be funded only with quarterly premiums in the same amount and on the same quarterly payment dates through the end of the Plan Year in which the Participant attains age sixty-five (65), or, if later, the end of the Plan Year in which ends the minimum period necessary to avoid having the Insurance Policy classified as a modified endowment contract under Code section 7702A (hereinafter the "MEC Period").  The Required Insurance Premiums for any Plan Year shall be determined by the Life Insurance Company in advance of the beginning of such Plan Year, and its determination shall be final, conclusive and binding.  This annual determination by the Life Insurance Company shall be based on the Life Insurance Company's interest crediting rate, mortality charge rate and administrative charge rate applied to all policyholders of the Life Insurance Company with the same type of Insurance Policy provided under this Plan as of the beginning of the Plan Year in question. 
		
	7.2
	If a Participant who has at least ten (10) years of service with the Company and/or an Affiliate Separates from Service after attaining age fifty-five (55), but before attaining age sixty-five (65), or, if later, the end of the MEC Period, the Life Insurance Company shall annually make the same determination as described in 

10

Section 7.1 through the end of the Plan Year in which the Participant attains age sixty-five (65), or, if later, the end of the Plan Year in which the MEC Period ends, for purposes of determining the Participant's Required Insurance Premiums.
		
	7.3
	After the end of the Plan Year in which a Participant attains age sixty-five (65), or, if later, in which the MEC Period ends, the Required Insurance Premiums (if any) for any Plan Year shall be the quarterly insurance premiums determined by the Life Insurance Company in advance of such Plan Year, that if paid to the Life Insurance Company in substantially equal payments on the first day of each quarter during such Plan Year (i.e., July 1, October 1, January 1 and April 1) and the immediately following Plan Year (i.e., over a two-Plan Year period) or, if longer, paid to the Life Insurance Company in substantially equal quarterly payments in such Plan Year and each subsequent Plan Year commencing during the MEC Period, would be required to maintain the Death Benefit through age one-hundred (100), using the same assumptions prescribed in the last sentence of Section 7.1 as of the beginning of such Plan Year; provided, however, that there shall be no such Required Insurance Premiums pursuant to this Section 7.3 for any Plan Year on or before July 1 of which the Participant Separated from Service with less than ten (10) years of service with the Company and/or an Affiliate or before attaining age fifty-five (55).   The Required Insurance Premiums determined under this Section 7.3 for any Plan Year (if any) shall be determined as of the beginning of such Plan Year and any Required Insurance Premiums for any subsequent Plan Year shall be based solely on the separate determination for such subsequent Plan Year (i.e., a separate determination will be made for each 

11

Plan Year regardless of whether the determination with respect to a prior Plan Year was based on premiums being paid over more than one Plan Year).
		
	7.4
	Subject to the last sentence of Section 6.1 above, if a Participant Separates from Service before attaining age fifty-five (55) or ten (10) years of service with the Company and/or an Affiliate, there shall be no Required Insurance Premiums or other Reimbursements after the quarter of the Plan Year in which such Separation from Service occurs.

		
	7.5
	Notwithstanding the preceding provisions of this Section 7 (other than Section 7.4), if a Participant obtains a loan or withdraws any portion of the cash surrender value under the Insurance Policy before his or her death, the Participant will no longer be eligible to participate in the Plan and there shall be no Required Insurance Premiums after the quarter of the Plan Year in which such loan or withdrawal occurs. 

Section 8.   Sole Life Insurance Benefit
Notwithstanding anything to the contrary in any benefit materials or summary plan descriptions, a Participant in the Plan shall have no rights to any benefits under any other group life insurance program funded in whole or in part by the Company or any Affiliates.

Section 9. Miscellaneous
		
	9.1
	Notwithstanding any other provision herein to the contrary, the Plan may be amended at any time and in any respect by the vote of a majority of the members 

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of the Benefits Committee or by the unanimous written consent of the members of the Benefits Committee.  Notwithstanding the foregoing, any amendment affecting the level of benefits under the Plan must be made by the CMDC.  In addition, the Plan may be terminated at any time by the CMDC.
		
	9.2
	The Benefits Committee shall, in its sole discretion, interpret and construe the Plan's terms and provisions and determine an individual's eligibility for benefits. Any interpretations, constructions or determinations made by the Benefits Committee in good faith shall be final and binding on all parties.

		
	9.3
	Circumstances not specifically covered in this Plan document will be reviewed by the Benefits Committee and the Benefits Committee in its discretion will apply such rules as it deems appropriate.

Section 10.  Section 409A Provisions
		
	10.1
	A Participant's right to the Reimbursements provided by Section 6.1 and Section 6.3 shall be treated as a right to a series of separate payments for purposes of Code section 409A, including without limitation for purposes of the short-term deferral rule set forth in Treasury Regulation section 1.409A-1(b)(4).

		
	10.2
	Any provision of the Plan to the contrary notwithstanding, if any payments or benefits under the Plan to or on behalf of a specified employee within the meaning of Treasury Regulation section 1.409A-1(i)(“Specified Employee”) are deferred compensation subject to section 409A of the Code and are deemed to be made due to a Separation from Service, then any such payments or benefits that would otherwise be paid or provided during the six-month period following such 

13

Separation from Service shall not be paid or provided during such six month period but instead shall be accumulated (within the meaning of Treasury Regulation section 1.409A-3(i)(2)(ii)) and paid or provided on the first day of the seventh month following the date of such Separation from Service (or, if earlier, within 14 days after the death of the specified employee).  For the avoidance of doubt, the preceding sentence shall apply to any amount or benefit (and only to any amount or benefit) to be paid or provided pursuant to this Plan to which Code section 409A(a)(2)(B)(i) (relating to Specified Employees) applies, and shall not apply to any payment or benefit that is not subject to Code section 409A as a result of Treasury Regulation section 1.409A-1(b)(4) (relating to short-term deferrals), Treasury Regulation section 1.409A-1(b)(9) (relating to separation pay plans), or otherwise.
		
	10.3
	If at any time during the 12-month period ending on any “specified employee identification date”, which shall be December 31, a person who participates in or has any legally binding right, contingent or otherwise, under this Plan (a “Plan Participant”), is in Salary Grade 20 or above or meets the requirements of Code section 416(i)(1)(A)(ii) or (iii) (applied in accordance with the Treasury Regulations thereunder and disregarding Code section 416(i)(5)), then the Plan Participant shall be treated as a Specified Employee for purposes of Section 10.2 above for the entire 12-month period beginning on the “specified employee effective date”, which shall be the January 1 that immediately follows such specified employee identification date, unless the Board of Directors or the CMDC at any time prescribes a different method of identifying service providers 

14

who will be subject to the six month delay required by section 409A(a)(2)(B)(i) of the Code (the “Six Month Delay”) in accordance with Treasury Regulation section 1.409A-1(i) or the transition rules and official guidance under Code section 409A (a “Different Identification Method”) or elects a different specified employee identification date or specified employee effective date or makes any other election that may be made in accordance with Treasury Regulation section 1.409A-1(i) or the transition rules and official guidance under Code section 409A (a “Different Election”), in which case whether the Plan Participant shall be treated as a Specified Employee shall be determined in accordance with any such Different Identification Method so prescribed and any such Different Election so made by the Board of Directors or the CMDC. By participating or continuing to participate in this Plan or accepting any legally binding right or benefit under this Plan, each Plan Participant irrevocably (a) consents to any such Different Identification Method that the Board of Directors or CMDC may prescribe at any time and any such Different Election that the Board of Directors or CMDC may make at any time for purposes of identifying the service providers who will be subject to the Six Month Delay with respect to payments under this Plan, and (b) agrees that the Plan Participant's consent to any such Different Identification Method or Different Election shall be as effective as if such Different Identification Method or Different Election were fully set forth herein, and (c)  waives any right he or she may have to consent to the Different Identification Method or Different Election in question if for any reason the Plan Participant's

15

 consent to such Different Identification Method or Different Election is not legally effective.
		
	10.4
	Any payments that may be made and benefits that may be provided pursuant to this Plan are intended to qualify for an exclusion from section 409A of the Code (including without limitation the exclusion for short-term deferrals under Treasury Regulation section 1.409A-1(b)(4)) and/or are intended to meet the requirements of section 409A(a)(2), (3) and (4) of the Code, so that none of the payments that may be made and benefits that may be provided pursuant to this Plan will be includible in any Plan Participant's federal gross income pursuant to section 409A(a)(1)(A) of the Code.  This Plan shall be administered, interpreted and construed to carry out such intentions, and any provision of this Plan that cannot be so administered, interpreted and construed shall to that extent be disregarded.  However, the Company does not represent, warrant or guarantee that any payments that may be made and benefits that may be provided pursuant to this Plan will not be includible in any Plan Participant's federal gross income pursuant to section 409A(a)(1)(A) of the Code, nor does the Company make any other representation, warranty or guaranty to any Plan Participant as to the tax consequences of this Plan or of participation in this Plan.

Initially Effective October 1, 1992
As Amended:    5/16/1997
12/31/2007
12/31/2008
4/1/2011

16Exhibit 4-275

Exhibit 4-275

INDENTURE

DATED AS OF MAY 15, 2011
_______________

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,
2011 SERIES B

AND

                    (B)           RECORDING AND FILING DATA

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 2011 Series B
	10

	Further Assurance
	11

	Authorization of Supplemental Indenture
	11

	Consideration for Supplemental Indenture
	11

	PART I.CREATION OF THREE HUNDRED SIXTY-FIRST SERIES OF BONDS, GENERAL AND REFUNDING MORTGAGE BONDS, 2011 SERIES B
	11

	Sec. 1.Terms of Bonds of 2011 Series B
	11

	Sec. 2.Redemption of Bonds of 2011 Series B
	13

	Sec. 3.Exchange and Transfer
	15

	Sec. 4.Form of Bonds of 2011 Series B
	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 March 1, 2011
	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.

	
					
	PARTIES.
	SUPPLEMENTAL INDENTURE, dated as of the 15th day of May, in the year 2011, 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, December 1, 2008, March 15, 2009, November 1, 2009, August 1, 2010, September 1, 2010, December 1, 2010 and March 1, 2011 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 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 Fourteen billion sixty-five million seven hundred seven thousand dollars ($14,065,707,000) 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,

	 
	 
	 

	(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,

	 
	 
	 

	(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,

	 
	 
	 

	(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,

	 
	 
	 

	(317)
	Bonds of 1991 Series AP
	— Principal Amount $32,375,000,

	 
	 
	 

	(318)
	Bonds of 2008 Series DT
	— Principal Amount $68,500,000,

	 
	 
	 

	(319)
	Bonds of 1993 Series AP
	— Principal Amount $65,000,000,

	 
	 
	 

	(320)
	Bonds of 2001 Series E
	— Principal Amount $500,000,000,

	 
	 
	 

	(321)
	Bonds of 2001 Series AP
	— Principal Amount $31,000,000, and

	 
	 
	 

	(322)
	Bonds of 1991 Series BP
	— Principal Amount $25,910,000,

	 
	 
	 

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

	 
	 

	(323)
	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 Two hundred nine million three hundred fifty-two thousand dollars ($209,352,000) principal amount have heretofore been retired;

	 
	 

	(324)
	Bonds of 1990 Series C in the principal amount of Eighty-five million four hundred seventy-five thousand dollars ($85,475,000) of which Seventy-five million two hundred eighteen thousand dollars ($75,218,000) principal amount have heretofore been retired;

	 
	 

	(325)
	INTENTIONALLY RESERVED FOR 1990 SERIES E;

	 
	 

	(326)
	INTENTIONALLY RESERVED FOR 1990 SERIES F;

	 
	 

	(327)
	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;

	 
	 

	(328)
	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;

	 
	 

	(329)
	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;

	 
	 

	(330)
	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;

	 
	 

	(331)
	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;

	 
	 

	(332)
	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;

	 
	 

	(333)
	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;

	 
	 

	(334)
	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;

	 
	 

	(335)
	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;

	 
	 

	(336)
	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;

	 
	 

	(337)
	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;

	 
	 

	(338)
	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;

	 
	 

	(339)
	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;

	 
	 

	(340)
	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;

	 
	 

	(341)
	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;

	 
	 

	(342)
	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;

	 
	 

	(343)
	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;

	 
	 

	
					
	(344)
	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;

	 
	 

	(345)
	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;

	 
	 

	(346)
	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;

	 
	 

	(347)
	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;

	 
	 

	(348)
	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;

	 
	 

	(349)
	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;

	 
	 

	(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;

	 
	 

	(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;

	 
	 

	(355)
	Bonds of 2009 Series BT in the principal amount of Sixty-eight million five hundred thousand dollars ($68,500,000), all of which are outstanding at the date hereof;

	 
	 

	(356)
	Bonds of 2009 Series CT in the principal amount of Sixty-five million dollars ($65,000,000), all of which are outstanding at the date hereof;

	 
	 

	(357)
	Bonds of 2010 Series B in the principal amount of Three hundred million dollars ($300,000,000), all of which are outstanding at the date hereof;

	 
	 

	(358)
	Bonds of 2010 Series A in the principal amount of Three hundred million dollars ($300,000,000), all of which are outstanding at the date hereof;

	 
	 

	(359)
	Bonds of 2010 Series CT in the principal amount of Nineteen million eight hundred fifty-five thousand dollars ($19,855,000), all of which are outstanding at the date hereof; and

	 
	 

	(360)
	Bonds of 2011 Series AT in the principal amount of Thirty-one million dollars ($31,000,000), all of which are outstanding at the date hereof;

	 
	 

	 
	accordingly, the Company has issued and has presently outstanding Four billion one hundred sixty-five million seventeen thousand dollars ($4,165,017,000) 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 desires to issue a new series of bonds pursuant to the Indenture; and

	 
	 

	BONDS TO BE 2011 SERIES B.
	WHEREAS, the Company desires by this Supplemental Indenture to create a new series of bonds, to be designated “General and Refunding Mortgage Bonds, 2011 Series B,” in the aggregate principal amount of Two hundred fifty million dollars ($250,000,000), 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 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 SIXTY-FIRST
SERIES OF BONDS,
GENERAL AND REFUNDING MORTGAGE BONDS,
2011 SERIES B

	TERMS OF BONDS OF 
2011 SERIES B.
	SECTION 1. The Company hereby creates the three hundred sixty-first 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, 2011 Series B” (elsewhere herein referred to as the “bonds of 2011 Series B”). The aggregate principal amount of bonds of 2011 Series B shall be limited to Two hundred fifty million dollars ($250,000,000), except as provided in Sections 7 and 13 of Article II of the Original Indenture with respect to exchanges and replacements of bonds, and except further that the Company may, without the consent of any holder of the bonds of 2011 Series B, “reopen” the bonds of 2011 Series B, so long as any additional bonds of 2011 Series B have the same tenor and terms as the bonds of 2011 Series B established hereby..

	 
	 

	 
	The bonds of 2011 Series B shall be issued as registered bonds without coupons in denominations of a multiple of $1,000. The bonds of 2011 Series B shall be issued in the aggregate principal amount of $250,000,000, shall mature on June 1, 2021 (subject to earlier redemption or release) and shall bear interest, payable semi-annually on June 1 and December 1 of each year (commencing December 1, 2011), at the rate of three and nine-tenths percent (3.90%) per annum 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 2011 Series B will be issued in book-entry form through the facilities of The Depository Trust Company. Except as otherwise specifically provided in this Supplemental Indenture, the bonds of 2011 Series B 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 2011 Series B shall be dated the date of its authentication and interest shall be payable on the principal represented thereby from the June 1 or December 1 next preceding the date to which interest has been paid on bonds of 2011 Series B, unless the bond is authenticated on a date prior to December 1, 2011, in which case interest shall be payable from May 18, 2011.

	 
	 

	 
	The bonds of 2011 Series B 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 2011 Series B). Until bonds of 2011 Series B 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 2011 Series B in temporary form, as provided in Section 10 of Article II of the Indenture. Temporary bonds of 2011 Series B, if any, may be printed and may be issued in authorized denominations in substantially the form of definitive bonds of 2011 Series B, 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 2011 Series B 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 fifteenth calendar day (whether or not such day is a business day) immediately preceding the applicable 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 2011 Series B, 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 2011 Series B 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 2011 Series B 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 2011 Series B 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. Interest will be computed on the basis of a 360-day year of twelve 30-day months.

	 
	 

	 
	Bonds of 2011 Series B, 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.

	 
	 

	 
	If any interest payment date, date of redemption or the stated maturity for the bonds of 2011 Series B would otherwise be a day that is not a business day, payment of principal and/or interest or premium, if any, with respect to the bonds of 2011 Series B will be paid on the next succeeding business day with the same force and effect as if made on such date and no interest on such payment will accrue from and after such date.

	 
	 

	 
	“Business day” means any day other than a 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.

	 
	 

	REDEMPTION OF BONDS OF 2011 SERIES B.
	SECTION 2. Bonds of 2011 Series B will be redeemable at the option of the Company, in whole at any time or in part from time to time at the redemption prices set forth below.

	 
	 

	 
	At any time prior to March 1, 2021, the optional redemption price will be equal to the greater of (i) 100% of the principal amount of the bonds of 2011 Series B to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest of the bonds of 2011 Series B to be redeemed (not including any portion of any payments of interest accrued to the redemption date) until stated maturity, in each case discounted from their respective scheduled payment dates to such redemption date on a semiannual basis (assuming a 360-day year consisting of 30-day months) at the Adjusted Treasury Rate (as defined below) plus 15 basis points, as determined by the Reference Treasury Dealer (as defined below), plus, in each case, accrued and unpaid interest thereon to the redemption date.

	 
	 

	
		
	 
	At any time on or after March 1, 2021, the optional redemption price will be equal to 100% of the principal amount of the bonds of 2011 Series B to be redeemed plus accrued and unpaid interest thereon to the redemption date.

	 
	 

	 
	Notwithstanding the foregoing, installments of interest on the bonds of 2011 Series B 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.

	 
	 

	 
	“Adjusted Treasury Rate” means, with respect to any optional redemption date, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue (as defined below), calculated on the third Business Day preceding such redemption date assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date.

	 
	 

	 
	“Comparable Treasury Issue” means the United States Treasury security selected by the Reference Treasury Dealer as having a maturity comparable to the remaining term of the bonds of 2011 Series B that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the bonds of 2011 Series B.

	 
	 

	 
	“Comparable Treasury Price” means, with respect to any optional redemption date, (i) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Trustee obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such quotations, or (iii) if only one Reference Treasury Dealer Quotation is received, such quotation.

	 
	 

	 
	“Reference Treasury Dealer” means (i) each of J.P. Morgan Securities LLC, RBS Securities Inc., and UBS Securities LLC (or their respective affiliates which are Primary Treasury Dealers), and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. government securities dealer in the United States (a “Primary Treasury Dealer”), we will substitute therefor another Primary Treasury Dealer, and (ii) any other Primary Treasury Dealer(s) selected by the mortgage trustee after consultation with us.

	 
	 

	 
	“Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and any optional redemption date, the average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date.

	 
	 

	 
	The bonds of 2011 Series B shall be redeemable as aforesaid upon giving notice of such redemption by first class mail, postage prepaid, by or on behalf of the Company at least thirty (30) days, but not more than sixty (60) days, prior to the date fixed for redemption to the registered holders of bonds of 2011 Series B so called for redemption at their last respective addresses appearing on the register thereof, but failure to mail such notice to the registered holders of any bonds of 2011 Series B designated for redemption shall not affect the validity of any such redemption of any other bonds of such series. Interest shall cease to accrue on any bonds of 2011 Series B (or any portion thereof) so called for redemption from and after the date fixed for redemption if payment sufficient to redeem the bonds of 2011 Series B (or such portion) designated for redemption has been duly provided for. Bonds of 2011 Series B redeemed in part only shall be in amounts of $1,000 or any multiple thereof.

	 
	 

	 
	If the giving of the notice of redemption shall have been completed, or if provision satisfactory to the Trustee for the giving of such notice shall have been made, and if the Company shall have deposited with the Trustee in trust funds (which shall have become available for payment to the holders of the bonds of 2011 Series B so to be redeemed) sufficient to redeem bonds of 2011 Series B in whole or in part, on the date fixed for redemption, then all obligations of the Company in respect of such bonds (or portions thereof) so to be redeemed and interest due or to become due thereon shall cease and be discharged and the holders of such bonds of 2011 Series B (or portions thereof) shall thereafter be restricted exclusively to such funds for any and all claims of whatsoever nature on their part under the Indenture or in respect of such bonds (or portions thereof) and interest.

	 
	 

	 
	The bonds of 2011 Series B shall not be entitled to or subject to any sinking fund and shall not be redeemable other than as provided in Section 2 hereof.

	 
	 

	
		
	EXCHANGE AND TRANSFER
	SECTION 3. At the option of the registered holder, any bonds of 2011 Series B, 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, shall be exchangeable for a like aggregate principal amount of bonds of 2011 Series B 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 2011 Series B during any period of ten (10) days next preceding any redemption date for such bonds.

	 
	 

	 
	Bonds of 2011 Series B, 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.

	 
	 

	FORM
OF BONDS OF
2011 SERIES B.
	SECTION 4. The bonds of 2011 Series B 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
2011 SERIES B

	 
	 

	 
	[This bond is a global security within the meaning of the indenture hereinafter referred to and is registered in the name of a depository or a nominee of a depository. Unless and until it is exchanged in whole or in part for bonds in certificated form, this bond may not be transferred except as a whole by the Depository Trust Company (“DTC”) to a nominee of DTC or by DTC or any such nominee to a successor of DTC or any such nominee to a successor of DTC or a nominee of such successor. Unless this bond is presented by an authorized representative of DTC to the issuer or its agent for registration of transfer, exchange or payment, and any bond issued is registered in the name of Cede & Co. or in such other name as requested by an authorized representative of DTC (and any payment hereon is made to Cede & Co., or to such other entity as is requested by an authorized representative of DTC) any transfer, pledge or other use hereof for value or otherwise by a person is wrongful, inasmuch as the registered owner hereof, Cede & Co., has an interest herein.]

	 
	 

	 
	CUSIP

	 
	$______________No. R-___

	 
	 

	 
	THE DETROIT EDISON COMPANY (hereinafter called the “Company”), a corporation of the State of Michigan, for value received, hereby promises to pay to [Cede & Co.], 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 June 1, 2021 (subject to earlier redemption or release) and interest thereon at the rate of 3.90%, in like lawful money, from [May 18, 2011], 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, semi-annually on June 1 and December 1 of each year (commencing December 1, 2011), 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.

	 
	 

	
		
	 
	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 2011 Series B, limited to an aggregate principal amount of $250,000,000, 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 May 15, 2011) 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 (which Indenture and all indentures supplemental thereto, including the Supplemental Indenture dated as of May 15, 2011, 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 not subject to repayment at the option of the holder hereof. Except as provided below, this bond is not redeemable by the Company prior to maturity and is not subject to any sinking fund.

	 
	 

	 
	This bond will be redeemable at the option of the Company, in whole at any time or in part from time to time at the redemption prices set forth below. At any time prior to March 1, 2021, the optional redemption price will be equal to the greater of (i) 100% of the principal amount of this bond to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest of this bond to be redeemed (not including any portion of any payments of interest accrued to the optional redemption date) until stated maturity, in each case discounted from their respective scheduled payment dates to such redemption date on a semiannual basis (assuming a 360-day year consisting of 30-day months) at the Adjusted Treasury Rate (as defined below) plus 15 basis points, as determined by the Reference Treasury Dealer (as defined below), plus, in each case, accrued and unpaid interest thereon to the redemption date. At any time on or after March 1, 2021, the optional redemption price will be equal to 100% of the principal amount of this bond to be redeemed plus accrued and unpaid interest thereon to the redemption date.

	 
	 

	 
	Notwithstanding the foregoing, installments of interest on this bond 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.

	 
	 

	 
	“Adjusted Treasury Rate” means, with respect to any optional redemption date, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, calculated on the third Business Day preceding such redemption date assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date.

	 
	 

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

	 
	 

	 
	“Comparable Treasury Price” means, with respect to any optional redemption date, (i) the average of the Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or (ii) if the Trustee obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such quotations, or (iii) if only one Reference Treasury Dealer Quotation is received, such quotation.

	 
	 

	 
	“Reference Treasury Dealer” means (i) each of J.P. Morgan Securities LLC, RBS Securities Inc., and UBS Securities LLC (or their respective affiliates which are Primary Treasury Dealers), and their respective successors; provided, however, that if any of the foregoing shall cease to be a primary U.S. government securities dealer in the United States (a “Primary Treasury Dealer”), we will substitute therefor another Primary Treasury Dealer, and (ii) any other Primary Treasury Dealer(s) selected by the mortgage trustee after consultation with us.

	 
	 

	 
	“Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and any optional redemption date, the average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date.

	 
	 

	 
	Notice of any optional redemption will be mailed at least 30 days but not more than 60 days before the optional redemption date to the holder hereof at its registered address. If notice has been provided in accordance with the Indenture and funds for the redemption of this bond called for redemption have been made available on the redemption date, this bond will cease to bear interest on the date fixed for redemption. Thereafter, the only right of the holder hereof will be to receive payment of the redemption price.

	 
	 

	 
	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 2011 Series B (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 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.

	 
	 

	 
	The bonds of this series are issuable only in fully registered form without coupons in denominations of $1,000 and any integral multiple thereof. This Global Security is exchangeable for bonds in definitive form only under certain limited circumstances set forth in the Indenture. As provided in the Indenture and subject to certain limitations therein set forth, bonds of this series are exchangeable for a like aggregate principal amount of bonds of this series of a different authorized denomination, as requested by the registered holder surrendering the same.

	 
	 

	 
	This bond is transferable 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.

	 
	 

	
		
	 
	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.

	 
	 

	 
	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 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:

	
				
	Supplemental Indenture Dated as of
	Purpose of Supplemental Indenture
	Recorded and/or Filed as Set Forth in Supplemental 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

	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

	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

	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

	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

	December 1, 2008
	2008 Series LT Bonds
	March 15, 2009

	March 15, 2009
	2009 Series BT Bonds
	November 1, 2009

	November 1, 2009
	2009 Series CT Bonds
	August 1, 2010

	August 1, 2010
	2010 Series B Bonds
	December 1, 2010

	September 1, 2010
	2010 Series A Bonds
	December 1, 2010

	December 1, 2010
	2010 Series CT Bonds
	March 1, 2011

	 
	(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.

	
		
	RECORDING AND FILING OF SUPPLEMENTAL INDENTURE DATED AS OF MARCH 1, 2011.
	Further, pursuant to the terms and provisions of the Original Indenture, a Supplemental Indenture dated as of March 1, 2011 providing for the terms of bonds to be issued thereunder of 2011 Series AT 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 April 1, 2011 (Filing No. 2011047676-1), has been filed and recorded in the Office of the Surface Transportation Board on April 1, 2011(Recordation No. 5485-BBBBBB), 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:

	
				
	County
	Recorded
	Liber/
Instrument no.
	Page

	Genesee
	4/5/2011
	201,104,050,034,470
	N/A

	Huron
	4/1/2011
	1,353
	670

	Ingham
	4/4/2011
	3,417
	1,188

	Lapeer
	4/1/2011
	2,494
	894

	Lenawee
	4/1/2011
	2,421
	61

	Livingston
	4/1/2011
	2011R-009501
	N/A

	Macomb
	4/8/2011
	20,707
	894

	Mason
	4/1/2011
	2011R02050
	N/A

	Monroe
	4/1/2011
	2011R005333
	N/A

	Oakland
	4/4/2011
	42,948
	524

	St. Clair
	4/5/2011
	4,135
	977

	Sanilac
	4/1/2011
	1,126
	700

	Tuscola
	4/1/2011
	1,219
	172

	Washtenaw
	4/1/2011
	4,841
	514

	Wayne
	4/13/2011
	49,140
	1,200

	
		
	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.

	
		
	 
	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.

EXECUTION BY            THE DETROIT EDISON COMPANY
COMPANY.

By: /s/Donald J. Goshorn            
(Corporate Seal)        Name: Donald J. Goshorn
Title: Assistant Treasurer

Attest:

By:  /s/Lisa A. Muschong        
Name: Lisa A. Muschong
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/John Dermody            
Name: John Dermody
STATE OF MICHIGAN    )
) SS
COUNTY OF WAYNE    )

	
			
	ACKNOWLEDG-MENT OF EXECUTION BY
COMPANY.
	 
	On this 17th day of May, 2011, 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 Donald J. Goshorn, 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 Donald J. Goshorn acknowledged said instrument to be the free act and deed of said corporation.

	(Notarial Seal)
	 
	

/s/Jennifer Evans                    
Jennifer Evans
Notary Public, Wayne County, MI
Acting in Wayne
My Commission Expires: December 28, 2016

	 
	 
	 

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: Authorized Officer

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/Daniel T. Richards            
Name: Daniel T. Richards

 /s/Kathleen Hier                
Name: Kathleen Hier
STATE OF MICHIGAN    )
) SS
COUNTY OF WAYNE    )

	
			
	ACKNOWLEDG-MENT OF EXECUTION BY TRUSTEE.
	 
	On this 17th day of May, 2011, 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 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 Authorized Officer 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/Jennifer Evans                    
Jennifer Evans
Notary Public, Wayne County, MI
Acting in Wayne
My Commission Expires: December 28, 2016

 

STATE OF MICHIGAN    )
) SS
COUNTY OF WAYNE    )

	
			
	AFFIDAVIT AS TO CONSIDERATION AND GOOD FAITH.
	 
	Donald J. Goshorn, 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/Donald J. Goshorn            
Name: Donald J. Goshorn
Title: Assistant Treasurer
The Detroit Edison Company

Sworn to before me this 17th day of
May, 2011

(Notarial Seal)     /s/Jennifer Evans                
Jennifer Evans
Notary Public, Wayne County, MI
Acting in Wayne
My Commission Expires: December 28, 2016

This instrument was drafted by:
Daniel T. Richards, Esq.
One Energy Plaza
688 WCB
Detroit, Michigan 48226

When recorded return to:
Donna J. Singer
One Energy Plaza
688 WCB
Detroit, Michigan 48226

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