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  Exhibit 10.13.1    
    

[Edison Mission Marketing & Trading letterhead]

March 31,
2011 

EME
Homer City Generation L.P.

c/o Midwest Generation LLC

One Financial Place

440 South Lasalle Street, Suite 3500

Chicago, IL 60605

Attn: John Kennedy 

	Re:
	Delivery
Point under Master Purchase, Sale, and Services Agreement 

Dear
Sir/Madam: 

        Section 2.1
to Schedule A to Master Purchase, Sale and Services Agreement between EME Homer City Generation L.P. ("Homer City") and Edison Mission Marketing &
Trading, Inc. ("EMMT") dated as of October 31, 2002 (the "Homer City Master Agreement") provides as follows: "The Delivery Point shall be the bus bar at the Facility generating the
Energy for delivery unless the Parties agree otherwise." 

        EMMT
requests that Homer City consent to establishing the Delivery Point at Zone P of the New York Independent System Operator, Inc. ("NYISO"), consistent with protocols and
procedures of PJM Interconnection, LLC ("PJM") and NYISO, and to the extent that EMMT in its discretion determines the selection of such Delivery Point is advantageous to Homer City. When the
Delivery Point is designated as Zone P, the Back-to-Back transactions shall include the related purchase and sales transactions that originate at the bus bar at the Facility
generating the Energy to Zone P and related transaction costs. 

        To
the extent the Delivery Point is not Zone P, the Delivery Point will continue to be the bus bar at the Facility generating the Energy as provided in the Homer City Master Agreement. 

        This
letter agreement is effective April 01, 2011. Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Homer City Master Agreement. 

 

 

							
	 
	 	Very truly yours,	 	 
	 
	 	 /s/ Andrew J. Hertneky

  Andrew J. Hertneky	 	 
	 
	 	 President
	 	 
	  Acknowledged and agreed:
	 	 
	 
	 	 EME HOMER CITY GENERATION L.P.
	 	 
	 
	 	 By:
	 	 MISSION ENERGY WESTSIDE, INC., as General Partner

	 
	 	 By:
	 	 /s/ John C. Kennedy

 	 	 
	 
	 	Name: John C. Kennedy	 	 
	 
	 	Title: Sr. Vice President - Generation	 	 

 

 1

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Exhibit 10.13.1ex10_1.htm

EXHIBIT 10.1

SUMMARY SHEET FOR 2011 NON-EMPLOYEE/NON-INVESTOR DIRECTOR COMPENSATION

The following table sets forth the compensation for USEC’s non-employee/non-investor directors for the term commencing at the 2011 annual meeting of shareholders held on April 28, 2011:

	
Annual Retainer

	
$200,000 paid at the beginning of the service year.  $80,000 of the retainer is paid in cash and $120,000 of the retainer is paid in the form of restricted stock units, although a director may elect to receive a greater proportion of the retainer in restricted stock units. Restricted stock units vest one year from the date of grant, however, vesting is accelerated upon (1) the director attaining eligibility for Retirement, (2) termination of the director’s service by reason of death or disability, or (3) a change in control.

 

	
Chairman Fees

	
$100,000 annual fee for Chairman of the Board.  $20,000 annual fee for Audit and Finance Committee chairman.  $10,000 annual fee for Compensation Committee chairman.  $7,500 annual fee for all other committees’ chairman.  Chairman fees are paid in cash at the beginning of the service year, although a director may elect to receive their chairman fee in restricted stock units.

 

	
Incentive Restricted Stock Unit Awards

	
If a director chooses to receive restricted stock units as payment for the part of the annual retainer or chairman fees that they are otherwise entitled to receive in cash, he or she will receive an incentive payment of restricted stock units equal to 20% of the portion of the annual retainer and chairman fees that the director elects to take in restricted stock units in lieu of cash.  These incentive restricted stock units will vest in equal annual installments over three years from the date of grant, however, vesting is accelerated upon (1) the director attaining eligibility for Retirement, (2) termination of the director’s service by reason of death or disability, or (3) a change in control.  Incentive restricted stock units are granted at the time the annual retainer is paid.

 All restricted stock units are granted pursuant to the USEC Inc. 2009 Equity Incentive Plan, as amended, and are subject to the terms of such plan and the applicable restricted stock unit award agreements approved for issuance of restricted stock units to non-employee directors under the plan.  Settlement of restricted stock units is made in shares of USEC stock upon the director’s retirement or other end of service.  Retirement is defined in the USEC Inc. 2009 Equity Incentive Plan in the case of non-employee directors as termination of service on or after age 75.  Restricted stock units carry the right to receive dividend equivalent restricted stock units to the extent dividends are paid by the Company.ex10_2.htm

EXHIBIT 10.2

 

AMENDMENT

 

This AMENDMENT (“Amendment”), dated as of April 28, 2011, is entered into by and among Toshiba America Nuclear Energy Corporation (“TANE”), Babcock & Wilcox Investment Company (“B&W”) and USEC Inc. (“USEC”) (each a “Party” and collectively hereinafter referred to as the Parties”).

 

WHEREAS, on or about September 2, 2010, Toshiba Corporation (“Toshiba”), B&W and USEC entered that certain Investor Rights Agreement (the “Agreement”);

 

WHEREAS, on or about September 2, 2010, Toshiba assigned all of its rights in the Agreement to TANE;

 

WHEREAS, pursuant to Section 4.1(a) of the Agreement, USEC is required to take certain actions if the Second Closing has not occurred prior to April 30, 2011; and

 

WHEREAS, the Parties each recognize that the Second Closing is not likely to occur prior to April 30, 2011; and

 

WHEREAS, the Parties are each prepared to provide USEC with a limited additional period of time to satisfy the requirements of Section 4.1(a) if Second Closing does not occur prior to April 30, 2011;

 

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants contained herein, the Parties hereby agree:

 

	
1.  

	
TANE, B&W, and USEC each hereby agree that the reference to “Filing Date” in Section 4.1(a) of the Agreement shall be replaced by “May 20, 2011” so that the amended Section 4.1(a) shall read, in its entirety, as follows:

 

(a) The Company shall, no later than May 20, 2011, file with the SEC a Shelf Registration Statement (the “Initial Shelf”) relating to the offer and sale of the Registrable Securities by the Investors from time to time to permit the sale of Registrable Securities by the Investors pursuant to the Orderly Sale Arrangement set forth in Section 9 of the SPA and, thereafter, shall use its best efforts to cause the Initial Shelf to be declared effective under the Securities Act no later than ninety (90) calendar days following the date first filed with the SEC.  None of the Company’s securityholders (other than the Investors) shall have the right to include any Securities of the Company on the Initial Shelf.

 

	
2.  

	
Except as expressly amended hereby, the Agreement shall remain unchanged and, as amended hereby, the Agreement shall remain in full force and effect.  Upon the effectiveness of this Amendment, all references to the Agreement shall be to the Agreement as amended hereby.

 

	
3.  

	
Capitalized terms used herein but not otherwise defined herein shall have the meanings ascribed thereto in the Agreement.

 

	
4.  

	
This Amendment shall first become effective upon the delivery by each Party to each other Party of a duly executed counterpart hereof, which delivery shall be effected pursuant to the notice provisions of the Agreement.  This Amendment may be signed in counterparts

 

 

[Remainder of page intentionally left blank]

 

  

  

  

IN WITNESS WHEREOF, the Parties have executed this Amendment through their duly authorized representative as of the date first written above.

 

Toshiba America Nuclear Energy                                             Babcock & Wilcox Investment

 

Corporation                                                                                     Company

 

By:           /s/ Akio Shioiri                                                      By:           /s/ M. P. Salomone                                           

 

Name:           Akio Shioiri                                           Name:           M. P. Salomone                                           

 

Title:           President & CEO                                           Title:           Sr VP & COO                                                      

 

USEC Inc.

 

By:           /s/ John C. Barpoulis                                                      

 

Name:           John C. Barpoulis                                           

 

Title:           SVP & CFOex10_3.htm

EXHIBIT 10.3

 AMENDMENT No.2

This AMENDMENT  NO.2 (“Amendment No.2”), dated as of May 19, 2011, is entered into by and among Toshiba America Nuclear Energy Corporation (“TANE”), Babcock & Wilcox Investment Company (“B&W”) and USEC Inc. (“USEC”) (each a “Party” and collectively hereinafter referred to as the Parties”).

WHEREAS, on or about September 2, 2010, Toshiba Corporation (“Toshiba”), B&W and USEC entered that certain Investor Rights Agreement (the “Agreement”);

WHEREAS, on or about September 2, 2010, Toshiba assigned all of its rights in the Agreement to TANE;

WHEREAS, pursuant to Section 4.1(a) of the Agreement, USEC is required to take certain actions if the Second Closing has not occurred prior to April 30, 2011; and

WHEREAS, the Parties each recognize that the Second Closing is not likely to occur prior to April 30, 2011; and

WHEREAS, the Parties have signed Amendment (together with the Agreement, the “Original Agreement”) to the Agreement as of April 28, 2011, to provide USEC with limited additional period of time, i.e. until May 20, 2011, to satisfy the requirements of Section 4.1(a) if Second Closing does not occur prior to April 30, 2011;

WHEREAS, the Parties are willing to further provide USEC with limited additional time to satisfy the requirements of Section 4.1(a) as mentioned above

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants contained herein, the Parties hereby agree:

	
1.  

	
TANE, B&W, and USEC each hereby agree that the reference to “Filing Date” in Section 4.1(a) of the Original Agreement, shall be replaced by “June 10, 2011” so that the amended Section 4.1(a) shall read, in its entirety, as follows:

 

(a) The Company shall, no later than June 10, 2011, file with the SEC a Shelf Registration Statement (the “Initial Shelf”) relating to the offer and sale of the Registrable Securities by the Investors from time to time to permit the sale of Registrable Securities by the Investors pursuant to the Orderly Sale Arrangement set forth in Section 9 of the SPA and, thereafter, shall use its best efforts to cause the Initial Shelf to be declared effective under the Securities Act no later than ninety (90) calendar days following the date first filed with the SEC.  None of the Company’s securityholders (other than the Investors) shall have the right to include any Securities of the Company on the Initial Shelf.

 

	
2.  

	
Except as expressly amended hereby, the Original Agreement shall remain unchanged and, as amended hereby, the Original Agreement shall remain in full force and effect.  Upon the effectiveness of this Amendment No.2, all references to the Agreement shall be to the Original Agreement as amended hereby.

 

	
3.  

	
Capitalized terms used herein but not otherwise defined herein shall have the meanings ascribed thereto in the Original Agreement.

 

	
4.  

	
This Amendment No.2 shall first become effective upon the delivery by each Party to each other Party of a duly executed counterpart hereof, which delivery shall be effected pursuant to the notice provisions of the Original Agreement.  This Amendment No.2 may be signed in counterparts.

 

[Signature page follows]

 

 

  

  

  

 

IN WITNESS WHEREOF, the Parties have executed this Amendment No.2 through their duly authorized representatives as of the date first written above.

 

Toshiba America Nuclear Energy                                             Babcock & Wilcox Investment

Corporation                                                                                     Company

By: /s/ Akio Shioiri                                                                           By: /s/ M. P. Salomone

Name:  Akio Shioiri                                                                                     Name: M.P. Salomone

Title: President and CEO                                                                           Title: Sr. VP and COO

USEC Inc.

By: /s/ John C. Barpoulis

Name:  John C. Barpoulis

Title:           Senior Vice President & Chief Financial Officer

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