Document:

exhibit4c.htm

    Exhibit
4(c)

    ____________
__, ____

     

    

    Company
Order and Officers' Certificate

    [Senior
Notes], Series _

    

    

    Deutsche
Bank Trust Company Americas, as Trustee

    60 Wall
Street

    New York,
New York 10005

    

    Attn:
Corporate Trust Division

    

    Ladies
and Gentlemen:

    

    Pursuant
to Article Two of the Indenture, dated as of September 1, 1997 (as it may be
amended or supplemented, the "Indenture"), from Columbus Southern Power Company
(the "Company") to Deutsche Bank Trust Company Americas, as trustee (the
"Trustee"), and the Board Resolutions dated __________, ____, a copy of which
certified by the Secretary or an Assistant Secretary of the Company is being
delivered herewith under Section 2.01 of the Indenture, and unless otherwise
provided in a subsequent Company Order pursuant to Section 2.04 of the
Indenture,

    

    
      	
              1.

            	
              The
      Company's [Senior Notes], Series _ (the "Notes") are hereby established.
      The Notes shall be in substantially the form attached hereto as Exhibit
      1.

            
	 
      	 
      	 
      
	
              2.

            	
              The
      terms and characteristics of the Notes shall be as follows (the numbered
      clauses set forth below corresponding to the numbered subsections of
      Section 2.01 of the Indenture, with terms used and not defined herein
      having the meanings specified in the Indenture):

            
	 
      	 
      	 
      
	 
      	
              (i)

            	
              the
      aggregate principal amount of Notes which may be authenticated and
      delivered under the Indenture shall be limited to $____________, except as
      contemplated in Section 2.01(i) of the Indenture;

            
	 
      	 
      	 
      
	 
      	
              (ii)

            	
              the
      date on which the principal of the Notes shall be payable shall be
      __________ __, ____;

            
	 
      	 
      	 
      
	 
      	
              (iii)

            	
              interest
      shall accrue from the date of authentication of the Notes; the Interest
      Payment Dates on which such interest will be payable shall be March 31,
      June 30, September 30 and December 31, and the Regular Record Date for the
      determination of holders to whom interest is payable on any such Interest
      Payment Date shall be one Business Day prior to the relevant Interest
      Payment Date, except that if the Notes are no longer represented by a
      Global Note, the Regular Record Date shall be the close of business on
      March 15, June 15, September 15 or December 15, as the case may be, next
      preceding such Interest Payment Date; pro-vided that interest payable on
      the Stated Maturity Date or any Redemption Date shall be paid to the
      Person to whom principal shall be paid;

            
	 
      	 
      	 
      
	 
      	
              (iv)

            	
              the
      interest rate at which the Notes shall bear interest shall be
      ______%;

            
	 
      	 
      	 
      
	 
      	
              (v)

            	
              the
      Notes shall be redeemable at the option of the Company, in whole or in
      part, at any time on or after __________ __, ____, upon not less than 30
      nor more than 60 days' notice, at 100% of the principal amount redeemed
      together with accrued and unpaid interest to the redemption
      date;

            
	 
      	 
      	 
      
	 
      	
              (vi)

            	
              a)
      the Notes shall be issued in the form of a Global Note; (b) the Depositary
      for such Global Note shall be The Depository Trust Company; and (c) the
      procedures with respect to transfer and exchange of Global Notes shall be
      as set forth in the form of Note attached hereto;

            
	 
      	 
      	 
      
	 
      	
              (vii)

            	
              the
      title of the Notes shall be "[Senior Notes], Series _";

            
	 
      	 
      	 
      
	 
      	
              (viii)

            	
              the
      form of the Notes shall be as set forth in Paragraph 1,
    above;

            
	 
      	 
      	 
      
	 
      	
              (ix)

            	
              not
      applicable;

            
	 
      	 
      	 
      
	 
      	
              (x)

            	
              the
      Notes shall not be subject to a Periodic Offering;

            
	 
      	 
      	 
      
	 
      	
              (xi)

            	
              not
      applicable;

            
	 
      	 
      	 
      
	 
      	
              (xii)

            	
              not
      applicable;

            
	 
      	 
      	 
      
	 
      	
              (xiii)

            	
              not
      applicable;

            
	 
      	 
      	 
      
	 
      	
              (xiv)

            	
              the
      Notes shall be issuable in denominations of $25 and any integral multiple
      thereof;

            
	 
      	 
      	 
      
	 
      	
              (xv)

            	
              not
      applicable;

            
	 
      	 
      	 
      
	 
      	
              (xvi)

            	
              the
      Notes shall not be issued as Discount Securities;

            
	 
      	 
      	 
      
	 
      	
              (xvii)

            	
              not
      applicable;

            
	 
      	 
      	 
      
	 
      	
              (xviii)

            	
              not
      applicable;

            
	 
      	 
      	 
      
	 
      	
              (xix)

            	
              not
      applicable;

            
	 
      	 
      	 
      
	
              3.

            	
              You
      are hereby requested to authenticate $____________ aggregate principal
      amount of ______% [Senior Notes], Series ___, due __________ __, ____ in
      such name as requested by The Depository Trust Company ("DTC") in the
      Letter of Representations dated __________ __, ____, from the Company and
      the Trustee to DTC in the manner provided by the
  Indenture.

            
	 
      	 
      	 
      
	
              4.

            	
              You
      are hereby requested to hold the Notes as custodian for DTC in accordance
      with the Letter of Representations.

            
	 
      	 
      	 
      
	
              5.

            	
              Concurrently
      with this Company Order, an Opinion of Counsel under Sections 2.04 and
      13.06 of the Indenture is being delivered to you.

            
	 
      	 
      	 
      
	
              6.

            	
              The
      undersigned _______________ and __________ __________, the Treasurer and
      Assistant Secretary, respectively, of the Company do hereby certify
      that:

            
	 
      	 
      	 
      
	 
      	
              (i)

            	
              we
      have read the relevant portions of the Indenture, including without
      limitation the conditions precedent provided for therein relating to the
      action proposed to be taken by the Trustee as requested in this Company
      Order and Officers' Certificate, and the definitions in the Indenture
      relating thereto;

            
	 
      	 
      	 
      
	 
      	
              (ii)

            	
              we
      have read the Board Resolutions of the Company and the Opinion of Counsel
      referred to above;

            
	 
      	 
      	 
      
	 
      	
              (iii)

            	
              we
      have conferred with other officers of the Company, have examined such
      records of the Company and have made such other investigation as we deemed
      relevant for purposes of this certificate;

            
	 
      	 
      	 
      
	 
      	
              (iv)

            	
              in
      our opinion, we have made such examination or investigation as is
      necessary to enable us to express an informed opinion as to whether or not
      such conditions have been complied with; and

            
	 
      	 
      	 
      
	 
      	
              (v)

            	
              on
      the basis of the foregoing, we are of the opinion that all conditions
      precedent provided for in the Indenture relating to the action proposed to
      be taken by the Trustee as requested herein have been complied
      with.

            
	 
      	 
      	 
      

    

    

    

    Kindly
acknowledge receipt of this Company Order and Officers' Certificate, including
the documents listed herein, and confirm the arrangements set forth herein by
signing and returning the copy of this document attached hereto.

    

    Very
truly yours,

    

    

    COLUMBUS
SOUTHERN POWER COMPANY

    

    

    By:___________________________

    Treasurer

    

    

    And:__________________________

    Assistant
Secretary

    

    

    Acknowledged
by Trustee:

    

    

    By:___________________________

    Vice
President

    

     

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Exhibit
1

    

    

    [Unless
this certificate is presented by an authorized representative of The Depository
Trust Company (55 Water Street, New York, New York) to the issuer or its agent
for registration of transfer, exchange or payment, and any certificate to be
issued is registered in the name of Cede & Co. or in such other name as is
requested by an authorized representative of The Depository Trust Company and
any payment is made to Cede & Co., ANY TRANSFER, PLEDGE OR OTHER USE HEREOF
FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the
registered owner hereof, Cede & Co., has an interest herein. Except as
otherwise provided in Section 2.11 of the Indenture, this Security may be
transferred, in whole but not in part, only to another nominee of the Depository
or to a successor Depository or to a nominee of such successor
Depository.]

    

    No.

     

    COLUMBUS
SOUTHERN POWER COMPANY

    [Senior
Notes], Series _

    

    CUSIP:                                                

    Original Issue
Date:

     

    Maturity

    Date:                                                                           Interest
Rate:

    

    Principal
Amount:

    

    Redeemable: Yes ____ No
____

    In
Whole:      Yes ____ No
____

    In
Part:          Yes ____ No
____

    

    Initial
Redemption Date:

    

    Redemption
Limitation Date:

    

    Initial
Redemption Price:

    

    Reduction
Percentage:

    

    COLUMBUS
SOUTHERN POWER COMPANY, a corporation duly organized and existing under the laws
of the State of Ohio (herein referred to as the "Company", which term includes
any successor corporation under the Indenture hereinafter referred to), for
value received, hereby promises to pay to CEDE & CO. or registered assigns,
the Principal Amount specified above on the Stated Maturity Date specified
above, and to pay interest on said Principal Amount from the Original Issue Date
specified above or from the most recent interest payment date (each such date,
an "Interest Payment Date") to which interest has been paid or duly provided
for, quarterly in arrears on March 31, June 30, September 30 and December 31 in
each year, commencing (except as provided below) with the Interest Payment Date
next succeeding the Original Issue Date specified above, at the Interest Rate
per annum specified above, until the Principal Amount shall have been paid or
duly provided for. Interest shall be computed on the basis of a 360-day year of
twelve 30-day months.

    

    The
interest so payable, and punctually paid or duly provided for, on any Interest
Payment Date, as provided in the Indenture, as hereinafter defined, shall be
paid to the Person in whose name this Note (or one or more Predecessor
Securities) shall have been registered at the close of business on the Regular
Record Date with respect to such Interest Payment Date, which shall be the close
of business on the Business Day next preceding such Interest Payment Date. Any
such interest not so punctually paid or duly provided for shall forthwith cease
to be payable to the Holder on such Regular Record Date and shall be paid as
provided in said Indenture.

    

    If any
Interest Payment Date, any Redemption Date or the Stated Maturity Date is not a
Business Day, then payment of the amounts due on this Note on such date will be
made on the next succeeding Business Day, and no interest shall accrue on such
amounts for the period from and after such Interest Payment Date, Redemption
Date or Stated Maturity Date, as the case may be, except that, if such Business
Day is in the next succeeding calendar year, such payment shall be made on the
immediately preceding Business Day, with the same force and effect as if made on
such date. The principal of (and premium, if any) and the interest on this Note
shall be payable at the office or agency of the Company maintained for that
purpose in the Borough of Manhattan, the City of New York, New York, in any coin
or currency of the United States of America which at the time of payment is
legal tender for payment of public and private debts; provided, however, that
payment of interest (other than interest payable on the Stated Maturity Date or
any Redemption Date) may be made at the option of the Company by check mailed to
the registered holder at such address as shall appear in the Note
Register.

    

    This Note
is one of a duly authorized series of Notes of the Company (herein sometimes
referred to as the "Notes"), specified in the Indenture, all issued or to be
issued in one or more series under and pursuant to an Indenture dated as of
September 1, 1997 duly executed and delivered between the Company and Deutsche
Bank Trust Company Americas, a national banking association organized and
existing under the laws of the United States, as Trustee (herein referred to as
the "Trustee") (such Indenture, as originally executed and delivered and as
thereafter supplemented and amended being herein-after referred to as the
"Indenture"), to which Indenture and all indentures supplemental thereto or
Company Orders reference is hereby made for a description of the rights,
limitations of rights, obligations, duties and immunities thereunder of the
Trustee, the Company and the holders of the Notes. By the terms of the
Indenture, the Notes are issuable in series which may vary as to amount, date of
maturity, rate of interest and in other respects as in the Indenture provided.
This Note is one of the series of Notes designated on the face
hereof.

    

    If so
specified on the face hereof and subject to the terms of Article Three of the
Indenture, this Note is subject to redemption at any time on or after the
Initial Redemption Date specified on the face hereof, as a whole or, if
specified, in part, at the election of the Company, at the applicable redemption
price (as described below) plus any accrued but unpaid interest to the date of
such redemption. Unless otherwise specified on the face hereof, such redemption
price shall be the Initial Redemption Price specified on the face hereof for the
twelve-month period commencing on the Initial Redemption Date and shall decline
for the twelve-month period commencing on each anniversary of the Initial
Redemption Date by a percentage of principal amount equal to the Reduction
Percentage specified on the face hereof until such redemption price is 100% of
the principal amount of this Note to be redeemed.

    

    Notwithstanding
the foregoing, the Company may not, prior to the Redemption Limitation Date, if
any, specified on the face hereof, redeem any Note of this series as
contemplated above as a part of, or in anticipation of, any refunding operation
by the application, directly or indirectly, of moneys borrowed having an
effective interest cost to the Company (calculated in accordance with generally
accepted financial practice) of less than the effective interest cost to the
Company (similarly calculated) of this Note.

    

    This Note
shall be redeemable to the extent set forth herein and in the Indenture upon not
less than thirty, but not more than sixty, days previous notice by mail to the
registered owner.

    

    The
Company shall not be required to (i) issue, exchange or register the transfer of
any Notes during a period beginning at the opening of business 15 days before
the day of the mailing of a notice of redemption of less than all the
outstanding Notes of the same series and ending at the close of business on the
day of such mailing, nor (ii) register the transfer of or exchange of any Notes
of any series or portions thereof called for redemption. This Global Note is
exchangeable for Notes in definitive registered form only under certain limited
circumstances set forth in the Indenture.

    

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

    

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

    

    The
Indenture contains provisions for defeasance at any time of the entire
indebtedness of this Note upon compliance by the Company with certain conditions
set forth therein.

    

    The
Indenture contains provisions permitting the Company and the Trustee, with the
consent of the Holders of not less than a majority in aggregate principal amount
of the Notes of each series affected at the time outstanding, as defined in the
Indenture, to execute supplemental indentures for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of
the Indenture or of any supplemental indenture or of modifying in any manner the
rights of the Holders of the Notes; provided, however, that no such supplemental
indenture shall (i) extend the fixed maturity of any Notes of any series, or
reduce the principal amount thereof, or reduce the rate or extend the time of
payment of interest thereon, or reduce any premium payable upon the redemption
thereof, or reduce the amount of the principal of a Discount Security that would
be due and payable upon a declaration of acceleration of the maturity thereof
pursuant to the Indenture, without the consent of the holder of each Note then
outstanding and affected; (ii) reduce the aforesaid percentage of Notes, the
holders of which are required to consent to any such supplemental indenture, or
reduce the percentage of Notes, the holders of which are required to waive any
default and its consequences, without the consent of the holder of each Note
then outstanding and affected thereby; or (iii) modify any provision of Section
6.01(c) of the Indenture (except to increase the percentage of principal amount
of securities required to rescind and annul any declaration of amounts due and
payable under the Notes), without the consent of the holder of each Note then
outstanding and affected thereby. The Indenture also contains provisions
permitting the Holders of a majority in aggregate principal amount of the Notes
of all series at the time outstanding affected thereby, on behalf of the Holders
of the Notes of such series, to waive any past default in the performance of any
of the covenants contained in the Indenture, or established pursuant to the
Indenture with respect to such series, and its consequences, except a default in
the payment of the principal of or premium, if any, or interest on any of the
Notes of such series. Any such consent or waiver by the registered Holder of
this Note (unless revoked as provided in the Indenture) shall be conclusive and
binding upon such Holder and upon all future Holders and owners of this Note and
of any Note issued in exchange herefor or in place hereof (whether by
registration of transfer or otherwise), irrespective of whether or not any
notation of such consent or waiver is made upon this Note.

    

    No
reference herein to the Indenture and no provision of this Note or of the
Indenture shall alter or impair the obligation of the Company, which is absolute
and unconditional, to pay the principal of and premium, if any, and interest on
this Note at the time and place and at the rate and in the money herein
prescribed.

    

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

    

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

    

    No
recourse shall be had for the payment of the principal of or the interest on
this Note, or for any claim based hereon, or otherwise in respect hereof, or
based on or in respect of the Indenture, against any incorporator, stockholder,
officer or director, past, present or future, as such, of the Company or of any
predecessor or successor corporation, whether by virtue of any constitution,
statute or rule of law, or by the enforcement of any assessment or penalty or
otherwise, all such liability being, by the acceptance hereof and as part of the
consideration for the issuance hereof, expressly waived and
released.

    

    The Notes
of this series are issuable only in registered form without coupons in
denominations of $25 and any integral multiple thereof. As provided in the
Indenture and subject to certain limitations, Notes of this series are
exchangeable for a like aggregate principal amount of Notes of this series of a
different authorized denomination, as requested by the Holder surrendering the
same.

    

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

    

    This Note
shall not be entitled to any benefit under the Indenture hereinafter referred
to, be valid or become obligatory for any purpose until the Certificate of
Authentication hereon shall have been signed by or on behalf of the
Trustee.

    

    IN
WITNESS WHEREOF, the Company has caused this Instrument to be
executed.

    

    COLUMBUS
SOUTHERN POWER COMPANY

    

    

    By:___________________________

    

    

    Attest:

    

    

    By:___________________________

    

    

    CERTIFICATE
OF AUTHENTICATION

    

    This is
one of the Notes of the series of Notes designated in accordance with, and
referred to in, the within-mentioned Indenture.

    

    Dated:_______________

    

    DEUTSCHE
BANK TRUST COMPANY AMERICAS, as Trustee

    

    

    By:___________________________

        
Authorized Signatory

     

    

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

    

    (PLEASE
INSERT SOCIAL SECURITY OR OTHER

          
IDENTIFYING NUMBER OF ASSIGNEE)

    

    _______________________________________

    

    ___________________________________________________________________

    

    ___________________________________________________________________

    (PLEASE
PRINT OR TYPE NAME AND ADDRESS, INCLUDING ZIP CODE, OF

    ___________________________________________________________________

    ASSIGNEE)
the within Note and all rights thereunder, hereby

    ___________________________________________________________________

    irrevocably
constituting and appointing such person attorney to

    ___________________________________________________________________

    transfer
such Note on the books of the Issuer, with full

    ___________________________________________________________________

    power of
substitution in the premises.

    

    

    

    Dated:________________________  _________________________

    

     

    

    NOTICE:   The
signature to this assignment must correspond with the name as written upon the
face of the within Note in every particular, without alteration or
enlargement or any change whatever and NOTICE: Signature(s) must be guaranteed
by a financial institution that is a member of the Securities Transfer Agents
Medallion Program ("STAMP"), the Stock Exchange Medallion Program ("SEMP") or
the New York Stock Exchange, Inc. Medallion Signature Program
("MSP").exh10-1.htm

    
      

      

    

     

    
 

    EXHIBIT
10.1

    

    

    SUMMARY
OF KEY TERMS OF DOUGLAS K. STUVER COMPENSATION

    

    For the
year ending December 31, 2008, base salary for PacifiCorp’s Senior Vice
President and Chief Financial Officer, Douglas K. Stuver, is $220,000,
and his target bonus opportunity under the PacifiCorp Annual Incentive Plan is
40% of base salary. Mr. Stuver participates in the MidAmerican Energy
Holdings Company Long-Term Incentive Partnership Plan. Mr. Stuver also
participates in health insurance and other benefit plans on the same basis as
other employees.

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