Document:

Exhibit 4.2

 

 

RELIANT ENERGY, INC.,

as
Issuer

9.50% SENIOR SECURED NOTES DUE
2013

THIRD SUPPLEMENTAL INDENTURE

Dated as of December 1, 2006

to

INDENTURE

Dated as of July 1, 2003

Wilmington Trust Company,

as Trustee

 

 

THIRD SUPPLEMENTAL INDENTURE dated as of December 1,
2006 (this “Supplemental Indenture”) to the Indenture dated as of July
1, 2003 by and among Reliant Energy, Inc., a Delaware corporation (the “Company”),
the Guarantors (as defined therein), and Wilmington Trust Company, a Delaware
banking corporation, as trustee (the “Trustee”), as supplemented by the
Supplemental Indenture dated as of November 19, 2004 between the Company, the
Guarantors (as defined in the Indenture), Reliant Energy Wholesale Generation,
LLC and the Trustee and the Second Supplemental Indenture dated September 21,
2006 between the Company, the Guarantors (as defined in the Indenture), Reliant
Energy Power Supply, LLC and the Trustee (such Indenture as son supplemented,
the “Indenture”).  Capitalized terms used
in this Supplemental Indenture, but not defined herein, shall have the
respective meanings given to such terms in the Indenture.

WITNESSETH:

WHEREAS, Section 9.02 of the Indenture provides, among
other things, that the Company and the Trustee may amend or supplement the
Indenture with the consent of the Holders of at least a majority in principal
aggregate amount of the Notes then outstanding; and

WHEREAS, the Company has solicited the consent of the
Holders to certain amendments to the Indenture described in the Second Amended
and Restated Consent Solicitation Statement dated November 8, 2006 (the “Consent
Solicitation Statement”) and which have been reflected herein (the “Amendments”);
and

WHEREAS, the Company has received and filed with the
Trustee, in the manner contemplated by the Indenture, evidence of the consent
of the Holders of at least a majority in principal aggregate amount of the
outstanding Notes, consenting to the Amendments to be effected in the form of
this Supplemental Indenture; and

NOW, THEREFORE, in consideration of the mutual
agreements herein set forth, the parties hereto agree as follows:

1.             Amendments to the
Indenture.

The following amendments are made to the Indenture
effective as of the date specified in Section 2 below:

(a)           In Section 1.01:

(1)           The definition of “Excluded
Proceeds” is amended in its entirety to read as follows:

“Excluded
Proceeds” means any Net Proceeds of Asset Sales (other than Asset
Sales of all or substantially all of the assets of RERH Holdings, LLC and its
Subsidiaries (and their successors) or of the Equity Interests of RERH
Holdings, LLC (or its successor) or all or substantially all of the assets of
the Company and its Subsidiaries (other than RERH Holdings, LLC and its Subsidiaries
(and their successors)), that are designated by the Board of Directors of the
Company as “Excluded

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Proceeds;” provided, that not more than $300.0 million
of such Net Proceeds from Asset Sales may be designated as “Excluded Proceeds”
during any single calendar year.

(2)           The definition of “Excluded
Securities” is amended in its entirety to read as follows:

“Excluded
Securities” means debt or equity securities issued by any Subsidiary
of the Company other than RERH Holdings, LLC, IP Trust, IT Trust, Orion Power
Holdings, Inc. and REMA (or their successors); provided, however, that “Excluded
Securities” shall include beneficial interests in the IP Trust or the IT Trust
that are held by RERH Holdings, LLC or its Subsidiaries.

(3)           The definition of “Excluded
Subsidiaries” is amended to delete the reference to “RE Retail Receivables,
LLC.”

(4)           The following
definition is added:

“IP Trust”
means Reliant Energy Trademark Trust, a Delaware statutory trust.

(5)           The following
definition is added:

“IT Trust”
means Reliant Energy IT Trust, a Delaware statutory trust.

(6)           The definition of “Permitted
Liens” is amended:

(i)            to amend clause (24)
in its entirety to read as follows:

(24)         [Reserved];

(ii)           to delete “and” at the
end of clause (33);

(iii)          to add the following new
clause (34) after clause (33):

(34)         Liens on assets of RERH
Holdings, LLC and its Subsidiaries securing obligations of RERH Holdings, LLC
or any of its Subsidiaries under (a) Credit Facilities in an aggregate
principal amount not to exceed $300,000,000 plus all other obligations due
under such Credit Facilities and (b) any agreement for or in support of the
supply or sales of energy or products or services related or incidental to the
supply or sales of energy or any activities related to the supply or sales of
energy or products or services related or incidental to the supply or sales of
energy of RERH Holdings, LLC or any of its 

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Subsidiaries, including any agreement providing for
the reimbursement of guarantees or collateral postings made on behalf of RERH
Holdings, LLC or any of its Subsidiaries; and

; and

(iv)          to renumber existing
clause “(34)” as clause “(35).”

(7)           The definition of “Permitted
Prior Liens” is amended to substitute “and (33)” with “, (33) and (34).”

(8)           The following is added to
the end of the definition of “Significant Subsidiary”:

; provided
that clause (3) of such definition will be disregarded

(9)           The following
definitions are added:

“Seward Bonds”
means (1) the Pennsylvania Economic Development Financing Authority Exempt Facilities
Revenue Bonds (Reliant Energy Seward, LLC Project), Series 2001A, in the
original aggregate principal amount of $150,000,000, (2) the Pennsylvania
Economic Development Financing Authority Exempt Facilities Revenue Bonds
(Reliant Energy Seward, LLC Project), Series 2002A, in the original aggregate
principal amount of $75,000,000, (3) the Pennsylvania Economic Development
Financing Authority Exempt Facilities Revenue Bonds (Reliant Energy Seward, LLC
Project), Series 2002B, in the original aggregate principal amount of
$75,000,000, (4) the Pennsylvania Economic Development Financing Authority
Exempt Facilities Revenue Bonds (Reliant Energy Seward, LLC Project), Series
2003A, in the original aggregate principal amount of $100,000,000 and (5) the
Pennsylvania Economic Development Financing Authority Exempt Facilities Revenue
Bonds (Reliant Energy Seward, LLC Project), Series 2004A, in the original
aggregate principal amount of $100,000,000.

“Seward Bond Parent Guarantees” means the guarantee of the Seward Bonds by the
Company.

“Seward Bond
Subsidiary Guarantees” means the guarantee of the Seward Bond Parent
Guarantees by the Guarantors.

“Seward Guarantees”
means, collectively, the Seward Bond Parent Guarantees and the Seward Bond
Subsidiary Guarantees.

(b)           Section 4.08(b) is
amended:

(1)           to delete “and” at the
end of clause (18);

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(2)           to substitute “; and”
for the period at the end of clause (19); and

(3)           to add the following
new clause (20) after clause (19):

(20)         restrictions
on RERH Holdings, LLC or any of its Subsidiaries contained in (a) the Working
Capital Facility dated as of September 24, 2006 among Reliant Energy Power
Supply, LLC (“REPS”), the guarantors party thereto, and Merrill Lynch Capital
Corporation, (b) the Credit Sleeve and Reimbursement Agreement dated as of
September 24, 2006 among REPS, the guarantors party thereto, Merrill Lynch
Commodities, Inc., and Merrill Lynch & Co., Inc., and (c) any amendments,
modifications, restatements, renewals, increases, supplements, refundings, replacements
or refinancings of the agreements referred to in the preceding clauses (a) and
(b), provided that such amendments, modifications, restatements, renewals,
increases, supplements, refundings, replacement or refinancings are not
materially more restrictive, taken as a whole, with respect to such dividend
and other payment restrictions than those contained in those agreements as
reasonably determined by the Company.

(c)           The following
Subsection (c) is added to Section 4.08:

(c)           Promptly following the last day of each month
and so long as such payment is permitted under the terms of the agreements
referred to in Section 4.08(b)(20), the Company shall cause RERH Holdings, LLC
to pay cash dividends or distributions to the Company in an amount equal to (i)
the amount which is permitted under the terms of the agreements referred to in
Section 4.08(b)(20) on such day minus (ii)(A) amounts reasonably estimated by
the Company to be due and payable by RERH Holdings, LLC and its Subsidiaries on
or before the 20th day of the month next occurring plus (B) the lesser of (1)
$100,000,000 and (2) the amount permitted under the Credit Agreement on the
date the agreements referred to in Section 4.08(b)(20) become effective.

(d)           In Section 4.09(b):

(1)           Subsection (b)(1) of
Section 4.09 is amended in its entirety to read as follows:

(1)           the
incurrence (A) by the Company and the guarantee by the Guarantors of additional
Indebtedness and letters of credit under Credit Facilities, (B) by
Securitization Entities of Indebtedness in Qualified Securitization
Transactions, and (C) by RERH Holdings, LLC and its Subsidiaries of additional
Indebtedness and letters of credit under Credit Facilities (including
guarantees of such Indebtedness) (provided, however, that (I) the

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aggregate principal
amount of Indebtedness incurred under this clause (C) at any one time
outstanding shall not exceed $310,000,000, and (II) the proceeds of
Indebtedness incurred under this clause (C) shall be used only for the
repayment of Indebtedness and other Obligations of RERH Holdings, LLC and its
Subsidiaries or to finance working capital needs of RERH Holdings, LLC and its
Subsidiaries, including the payment of sales, general and administrative, and
operations and maintenance expenses (including capital expenditures) and all
other expenses in the ordinary course of business of RERH Holdings, LLC and its
Subsidiaries) in an aggregate principal amount at any one time outstanding
under this clause (1) (with letters of credit being deemed to have a principal
amount equal to the maximum potential liability of the Company and its
Restricted Subsidiaries thereunder), including all Permitted Refinancing
Indebtedness incurred to refund, refinance or replace any Indebtedness incurred
pursuant to this clause (1), not to exceed $2.5 billion;

(2)           The following paragraph
is added to the end of the section:

Notwithstanding
anything in this Section 4.09(b) to the contrary, the aggregate principal
amount of Indebtedness of RERH Holdings, LLC and its Subsidiaries at any one
time outstanding, other than Indebtedness incurred pursuant to clause (14) of
this Section 4.09(b), may not exceed $310,000,000.

(e)           The following
Subsection (g) is added to Section 4.10:

(g)           Notwithstanding anything to the contrary in this Section 4.10, the Net
Proceeds for an Asset Sale of all or substantially all of the assets of RERH
Holdings, LLC and its Subsidiaries (and their successors), of the Equity
Interests of RERH Holdings, LLC (or its successor), or of all or substantially
all of the assets of the Company and its Subsidiaries (other than RERH
Holdings, LLC and its Subsidiaries (and their successors)) shall be Excess
Proceeds and may not be applied as set forth in Section 4.10(b).

(f)            The following
Subsection (h) is added to Section 10.06:

(h)           Notwithstanding
anything herein to the contrary, the Company agrees that, without the prior
consent of the holders of at least a majority in aggregate principal amount of
the Note Obligations and of all Obligations in respect of each other Series of
Secured Debt (other than Credit Agreement Debt and the Seward Guarantees), the
Collateral Trustee’s Liens in the Equity Interests of RERH Holdings, LLC (or
its successor) or, if any, in all or substantially all of the assets of RERH
Holdings, LLC and its Subsidiaries (or their successors) (the “Retail

 5
 

 

Assets”) or in all or
substantially all of the Company and its Subsidiaries’ (other than RERH
Holdings, LLC and its Subsidiaries’ (or their successors)) assets, including
Equity Interests (the “Wholesale Assets”) may not be released, except no such
consent shall be required (i) in the case of an Asset Sale of the Equity
Interests of RERH Holdings, LLC (or its successor), the Retail Assets or the
Wholesale Assets or (ii) on and after the date on which, as of the last day of
two consecutive Fiscal Quarters, both (A) the Consolidated Leverage Ratio for
the applicable immediately preceding four Fiscal Quarters was 2.75:1 or less
and (B) the Consolidated Interest Coverage Ratio for the applicable immediately
preceding four Fiscal Quarters was 3.25:1 or more (the “Ratio Test”).  The Company agrees to file a current report
on Form 8-K with the SEC showing the calculation of the Ratio Test within 60
days (or 90 days if end of the period is also the end of a fiscal year) (i)
after the end of first four-quarter period in which it meets the Ratio Test and
for which it proposes to use the Ratio Test to implement the foregoing Lien
release and (ii) after the end of the second consecutive four-quarter period in
which it meets the Ratio Test and for which it proposes to use the Ratio Test
to implement the foregoing Lien release. 
The Company also agrees to promptly notify the Trustee of the filing of
the Form 8-K and to deliver to the Trustee the calculations of the Ratio Test
certified by the Company’s chief financial officer and that the Company may not
implement a Lien release without consent on account of the Ratio Test without
first complying with this sentence and the immediately preceding sentence.

The following terms shall
have the following meanings when used in this paragraph (h):

“Acquisition”
means any transaction or any series of related transactions by which a Person
(a) acquires any going business (including a power generation facility) or all
or substantially all of the assets of any other Person, or division thereof,
whether through purchase of assets, merger, or otherwise or (b) directly or
indirectly acquires greater than 50% of the Voting Stock of any other Person.

“Consolidated EBITDAR”
means, for any period for the Company and its Subsidiaries determined on a
consolidated basis in accordance with GAAP, an amount equal to, without any
duplication, (a) net income (before giving effect to the cumulative effect
of changes in accounting principles and discontinued operations and before
income taxes and franchise taxes to the extent based on the income of such
Person and its Subsidiaries) for such period, plus (b) Consolidated Interest
Charges for such period, plus (c) depreciation, depletion, impairment,
abandonment and amortization expense for such period, plus (d) the book
accounting lease expense under the REMA Lease for such period, plus
(e) interest and fees expensed under any receivables monetization or
securitization during such period, plus (f) net unrealized losses related to
trading or non-trading

 6
 

 

energy derivatives, plus (g) cash dividends or
distributions actually received during such period from an entity which is not
a consolidated Subsidiary of such Person, minus (h) net unrealized gains
related to trading or non-trading energy derivatives; provided, however, for
purposes of this definition, (i) gains and losses on the disposition of
assets not in the ordinary course of business, (ii) any other noncash charge or
gain, and (iii) any extraordinary or other non-recurring item or expense,
including severance costs, shall be excluded to the extent incurred or realized
during such period in accordance with GAAP from the calculation of Consolidated
EBITDAR.  If during any period for which Consolidated
EBITDAR is being determined, the Company or any Subsidiary shall have (a) made
or consummated any Acquisition for gross consideration of $3,000,000 or more
(including Indebtedness assumed), then Consolidated EBITDAR shall be determined
on a pro forma basis for such period as if such Acquisition had been made or
consummated as of the beginning of the first day of such period or (b) made or
consummated any Asset Sale that is not fully included in discontinued
operations, then Consolidated EBITDAR shall, to the extent such Asset Sale is
not excluded from Consolidated EBITDAR pursuant to the foregoing proviso, be
determined on a pro forma basis for such period as if such Asset Sale had been
made or consummated as of the beginning of the first day of such period.

“Consolidated Interest
Charges” means, without duplication, for any period for the Company and its
Subsidiaries on a consolidated basis in accordance with GAAP, (a) the total
interest expense for such period, plus (b) the interest expense during such
period attributable to (i) the REMA Lease, (ii) the fees and yield
paid in connection with, or interest expense attributable to, any account
receivables securitization or monetization permitted hereunder, and
(iii) any capitalized interest during such period, plus (c) all cash
dividends and distributions paid on preferred or preference stock, plus
(d) to the extent deducted in determining total interest expense, net
unrealized gains under any agreement described in the definition of “Hedging
Obligations” permitted hereunder and existing on or prior to December 22, 2004
(excluding any ongoing settlement payments in connection with permitted
interest rate swap agreements), minus (e)(i) the total interest income of such
Person and its Subsidiaries, including interest income from any escrow or trust
account, (ii) in all cases whether expensed or amortized, any interest
expense attributable to (A) any makewhole or premium paid in connection with
the repayment of any Debt, (B) any upfront direct or indirect costs, expenses,
or fees incurred in connection with, including those arising out of the
preparation for the maturity of, (1) any Debt, (2) the incurrence of any Debt
after December 22, 2004, or (3) the amendment of any Debt, (C) to the
extent added in determining total interest expense, the upfront cost and net
unrealized losses under any agreement described in the definition of “Hedging
Obligations” permitted hereunder and existing on or prior to December 22, 2004
(excluding ongoing settlement payments in connection with

 7
 

 

permitted interest rate swap agreements), and
(D) any of the RRI Warrants; (iii)  all non-recurring interest
expense with respect to items not constituting Indebtedness, and (iv) interest
expense attributable to Indebtedness repaid or required to be repaid under any
Indebtedness for which the Company has notified the Credit Agreement Agent in
writing that it agrees it will not designate the Net Proceeds as Excluded
Proceeds, in each case in connection with an Asset Sale.

“Consolidated Interest
Coverage Ratio” means, as of any date of determination, the ratio of (a)
Consolidated EBITDAR for the period of the four prior Fiscal Quarters ending on
such date to (b) Consolidated Interest Charges for such period.

“Consolidated Leverage
Ratio” means, as of any date of determination, the ratio of (a)
Consolidated Total Debt as of such date to (b) Consolidated EBITDAR for the
period of the four Fiscal Quarters most recently ended.

“Consolidated Total
Debt” means, as of any date of determination, for the Company and its
Subsidiaries on a consolidated basis in accordance with GAAP, (i) all
outstanding Debt of the Company and its Subsidiaries on such date, minus (ii)
without duplication, all (a) cash and short-term investments, in an aggregate
amount not to exceed $300,000,000 at any time, (b) restricted cash, in an
amount not to exceed the aggregate amount of Indebtedness of the Company or any
of its Subsidiaries, the terms of which Indebtedness cause such cash to appear
as restricted cash on the consolidated balance sheet of the Company and its
Subsidiaries, and (c) broker, counterparty, and customer margin/collateral
assets and deposits advanced to or held on behalf of such broker, counterparty
or customer, as each of the foregoing appears on the consolidated balance sheet
of the Company and its Subsidiaries.

“Debt” means, as
of any date of determination with respect to the Company and its Subsidiaries,
without duplication, in accordance with GAAP the following: (a) the total
amount of indebtedness, including any fair value adjustments, and other
obligations of the Company and its Subsidiaries for borrowed money (whether by
loan or the issuance of debt securities), including the unreimbursed amount of
any drawings under letters of credit issued for the account of the Company or
any of its Subsidiaries, but excluding the amount of indebtedness for borrowed
money that is either (i) required to be repaid or (ii) for which the Company
has notified the Credit Agreement Agent in writing that it agrees it will not
designate the Net Proceeds as Excluded Proceeds, in each case in connection
with an Asset Sale, (b) all Capital Lease Obligations and, except for the
REMA Lease, Attributable Debt in respect of sale and leaseback transactions or
financing leases, (c) the unpaid balance owed to the certificate holders under
the REMA Lease, (d) obligations under any

 8
 

 

accounts securitization or monetization arrangement
permitted hereunder and not recorded on the Company balance sheet for that
period, and (e) all guaranties of payment or collection of any obligations
described in clauses (a) through (d) of this definition of any other Person;
provided, however, that Debt shall not include: 
(i) any guaranties that may be incurred by endorsement of negotiable
instruments for deposit or collection in the ordinary course of business or
similar transactions, (ii) any Obligations or guaranties of performance of
Obligations under performance bonds, (iii) trade accounts payable in the
ordinary course of business, (iv) customer advance payments and customer
deposits arising in the ordinary course of business, (v) the liability of any
Person as a general partner of a partnership for Debt of such partnership, if
the partnership is not a Subsidiary of such Person, and (vi) any completion or
performance guarantees (or similar guarantees that a project or a Subsidiary
perform as planned).  In determining the
outstanding amount of any Debt:  (a) the
amount of money borrowed shall be the outstanding principal amount thereof, (b)
the amount of all unreimbursed letters of credit shall be the unreimbursed
amount thereof, (c) the amount of any accounts monetization or securitization
shall be the amount invested by the investor therein, and (d) the amount of
guaranties shall be the amount of the guaranteed obligations determined as provided
above in this sentence.

“REMA Lease”
means, collectively, the obligations of REMA as facility lessee under the
Facility Lease Agreements, each dated as of August 24, 2000 and each between
REMA and, respectively, Conemaugh Lessor Genco, LLC, Keystone Lessor Genco,
LLC, and Shawville Lessor Genco, LLC, and under the related participation
agreements and other documents executed in connection therewith, in each case,
as amended through December 22, 2004.

“RRI Warrants”
means the warrants issued by the Company and outstanding on December 22, 2004.

2.             Effectiveness of
Amendments.

The Amendments shall become effective on the date of
this Supplemental Indenture.

3.             Ratification of
Indenture.

The Indenture, as supplemented and amended by this
Supplemental Indenture, is in all respects ratified and confirmed, and this
Supplemental Indenture shall be deemed part of the Indenture in the manner and
to the extent herein and therein provided.

 9
 

 

4.             Trustee Not
Responsible for Recitals.

The recitals herein contained are made by the Company
and not by the Trustee, and the Trustee assumes no responsibility for the
correctness thereof.  The Trustee makes
no representation as to the validity or sufficiency of this Supplemental
Indenture.

5.             Governing Law.

THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN
THIS SUPPLEMENTAL INDENTURE.

6.             Separability.

In case any one or more of the provisions contained in
this Supplemental Indenture shall for any reason be held to be invalid, illegal
or unenforceable in any respect, then, to the extent permitted by law, such
invalidity, illegality or unenforceability shall not affect any other
provisions of this Supplemental Indenture, but this Supplemental Indenture
shall be construed as if such invalid or illegal or unenforceable provision had
never been contained herein.

7.             Counterparts.

This Supplemental Indenture may be executed in any
number of counterparts each of which shall be an original, but such
counterparts shall together constitute but one and the same instrument.

 10
 

 

IN WITNESS WHEREOF, the parties hereto have caused
this Supplemental Indenture to be duly executed by their respective officers
thereunto duly authorized, as of the day and year first above written.

	
   

  	
   

  	
  RELIANT ENERGY, INC.,

  
	
   

  	
   

  	
  as Issuer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Andrew Johannesen

  	
   

  
	
   

  	
   

  	
  Name:

  	
   Andrew
  Johannesen

  	
   

  
	
   

  	
   

  	
  Title:

  	
   Vice
  President and Assistant Treasurer

  	
   

  
							

 

 11
 

 

 

	
  

  	
  RELIANT ENERGY
  ASSET MANAGEMENT, LLC

  
	
   

  	
  RELIANT ENERGY
  BROADBAND, INC.

  
	
   

  	
  RELIANT ENERGY
  CALIFORNIA HOLDINGS, LLC

  
	
   

  	
  RELIANT ENERGY
  COMMUNICATIONS, INC.

  
	
   

  	
  RELIANT ENERGY
  COOLWATER, INC.

  
	
   

  	
  RELIANT ENERGY
  CORPORATE SERVICES, LLC

  
	
   

  	
  RELIANT ENERGY
  ELLWOOD, INC.

  
	
   

  	
  RELIANT ENERGY
  ETIWANDA, INC.

  
	
   

  	
  RELIANT ENERGY FLORIDA,
  LLC

  
	
   

  	
  RELIANT ENERGY
  KEY/CON FUELS, LLC

  
	
   

  	
  RELIANT ENERGY
  MANDALAY, INC.

  
	
   

  	
  RELIANT ENERGY
  NORTHEAST GENERATION, INC.

  
	
   

  	
  RELIANT ENERGY
  NORTHEAST HOLDINGS, INC.

  
	
   

  	
  RELIANT ENERGY
  ORMOND BEACH, INC.

  
	
   

  	
  RELIANT ENERGY
  POWER GENERATION, INC.

  
	
   

  	
  RELIANT ENERGY
  SABINE (TEXAS), INC.

  
	
   

  	
  RELIANT ENERGY
  SERVICES DESERT BASIN, LLC

  
	
   

  	
  RELIANT ENERGY
  SERVICES MID-STREAM, LLC

  
	
   

  	
  RELIANT ENERGY
  SEWARD, LLC

  
	
   

  	
  RELIANT ENERGY
  TRADING EXCHANGE, INC.

  
	
   

  	
  RELIANT ENERGY
  VENTURES, INC.

  
	
   

  	
  RELIANT ENERGY
  WHOLESALE GENERATION, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Andrew  C. Johannesen

  	
   

  
	
   

  	
  Name:

  	
  Andrew
  Johannesen

  
	
   

  	
  Title:

  	
  Assistant
  Treasurer of the corporations and limited

  
	
   

  	
   

  	
  liability
  companies listed above

  
					

 

 12
 

 

 

	
  

  	
  RELIANT ENERGY SERVICES,
  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Andrew C. Johannesen

  	
   

  
	
   

  	
  Name:   Andrew
  C. Johannesen

  
	
   

  	
  Title: Vice President and Treasurer

  
	
   

  	
   

  
	
  

  	
  RELIANT ENERGY ELECTRIC
  SOLUTIONS, LLC

  
	
   

  	
  RELIANT ENERGY POWER
  SUPPLY, LLC

  
	
   

  	
  RELIANT ENERGY RETAIL
  SERVICES, LLC

  
	
   

  	
  RELIANT ENERGY SOLUTIONS
  EAST, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Lloyd A. Whittington

  	
   

  
	
   

  	
  Name:

  	
  Lloyd A. Whittington

  
	
   

  	
  Title:

  	
  Vice President and Treasurer of the limited

  
	
   

  	
  liability companies listed above

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  RELIANT ENERGY RETAIL HOLDINGS, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Lloyd A. Whittington

  	
   

  
	
   

  	
  Name:

  	
  Lloyd A. Whittington

  
	
   

  	
  Title:

  	
  Assistant Treasurer

  
							

 

 13
 

 

 

	
  

  	
  RELIANT ENERGY CAPTRADES HOLDING CORP.

  
	
   

  	
  RELIANT ENERGY SABINE (DELAWARE), INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
  

  	
  By:

  	
  /s/ Patricia F. Genzel

  	
   

  
	
   

  	
  Name:

  	
    Patricia F.
  Genzel

  
	
   

  	
  Title:

  	
  President and Secretary

  
					

 

 14
 

 

 

	
  

  	
  WILMINGTON TRUST COMPANY,
  as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Michael
  Oller, Jr.

  	
   

  
	
   

  	
   

  	
  Authorized
  Signatory

  	
   

  

 

 15Exhibit
4.3

 

RELIANT ENERGY, INC.,

as
Issuer

6.75% SENIOR SECURED NOTES DUE
2014

THIRD SUPPLEMENTAL INDENTURE

Dated as of December 1, 2006

To

SENIOR
INDENTURE

Dated as
of December 22, 2004

Wilmington Trust Company,

as Trustee

 

 

THIRD SUPPLEMENTAL INDENTURE dated as of December 1,
2006 (this “Supplemental Indenture”) to the Senior Indenture dated as of
December 22, 2004 by and among Reliant Energy, Inc., a Delaware corporation
(the “Company”), and Wilmington Trust Company, a Delaware banking
corporation, as trustee (the “Trustee”), as supplemented by the First
Supplemental Indenture thereto dated as of December 22, 2004 (the “First
Supplemental Indenture”) among the Company, the Guarantors (as defined
therein) and the Trustee and the Second Supplemental Indenture dated September
21, 2006 between the Company, the Guarantors (as defined therein), Reliant
Energy Power Supply, LLC and the Trustee (such Senior Indenture as so
supplemented, the “Indenture”). 
Capitalized terms used in this Supplemental Indenture, but not defined
herein, shall have the respective meanings given to such terms in the First
Supplemental Indenture.

WITNESSETH:

WHEREAS, Section 9.02 of the First Supplemental
Indenture provides, among other things, that the Company and the Trustee may
amend or supplement the First Supplemental Indenture with the consent of the
Holders of at least a majority in principal aggregate amount of the Notes then
outstanding; and

WHEREAS, the Company has solicited the consent of the
Holders to certain amendments to the First Supplemental Indenture described in
the Second Amended and Restated Consent Solicitation Statement dated November
8, 2006 (the “Consent Solicitation Statement”) and which have been
reflected herein (the “Amendments”); and

WHEREAS, the Company has received and filed with the
Trustee, in the manner contemplated by the First Supplemental Indenture,
evidence of the consent of the Holders of at least a majority in principal
aggregate amount of the outstanding Notes, consenting to the Amendments to be
effected in the form of this Supplemental Indenture; and

NOW, THEREFORE, in consideration of the mutual
agreements herein set forth, the parties hereto agree as follows:

1.             Amendments to the
First Supplemental Indenture.

The following amendments are made to the First
Supplemental Indenture effective as of the date specified in Section 2 below:

(a)           In Section 1.01:

(1)           The definition of “Excluded
Proceeds” is amended in its entirety to read as follows:

“Excluded Proceeds” means any Net Proceeds of Asset Sales
(other than Asset Sales of all
or substantially all of the assets of RERH Holdings, LLC and its Subsidiaries
(and their successors) or of the Equity Interests of RERH Holdings, LLC (or its
successor) or all or substantially all of the assets of the Company and its
Subsidiaries (other than RERH Holdings, LLC and its Subsidiaries (and their
successors)), that are

 1
 

 

designated
by the Board of Directors of the Company as “Excluded Proceeds;” provided, that
not more than $300.0 million of such Net Proceeds from Asset Sales may be
designated as “Excluded Proceeds” during any single calendar year.

(2)           The definition of “Excluded
Securities” is amended in its entirety to read as follows:

“Excluded Securities” means debt or equity securities issued by
any Subsidiary of the Company other than RERH Holdings, LLC, IP Trust, IT
Trust, Orion Power Holdings, Inc. and REMA (or their successors); provided,
however, that “Excluded Securities” shall include beneficial interests in the
IP Trust or the IT Trust that are held by RERH Holdings, LLC or its
Subsidiaries.

(3)           The definition of “Excluded
Subsidiaries” is amended to delete the reference to “RE Retail Receivables,
LLC.”

(4)           The following definition is added:

“IP
Trust” means Reliant Energy Trademark Trust, a Delaware statutory trust.

(5)           The following definition is added:

“IT
Trust” means Reliant Energy IT Trust, a Delaware statutory trust.

(6)           The definition of “Permitted
Liens” is amended:

(i)            to amend clause (24) in
its entirety to read as follows:

(24)         [Reserved];

(ii)           to delete “and” at the
end of clause (33);

(iii)          to add the following new
clause (34) after clause (33):

(34)         Liens on assets of RERH Holdings, LLC and its Subsidiaries securing
obligations of RERH Holdings, LLC or any of its Subsidiaries under (a) Credit
Facilities in an aggregate principal amount not to exceed $300,000,000 plus all
other obligations due under such Credit Facilities and (b) any agreement for or
in support of the supply or sales of energy or products or services related or
incidental to the supply or

 2
 

 

sales of energy or any
activities related to the supply or sales of energy or products or services
related or incidental to the supply or sales of energy of RERH Holdings, LLC or
any of its Subsidiaries, including any agreement providing for the
reimbursement of guarantees or collateral postings made on behalf of RERH
Holdings, LLC or any of its Subsidiaries; and

; and

(iv)          to renumber existing
clause “(34)” as clause “(35).”

(7)           The definition of “Permitted
Prior Liens” is amended to substitute “and (33)” with “, (33) and (34).”

(b)           Section 4.08(b) is
amended:

(1)           to delete “and” at the
end of clause (18);

(2)           to substitute “; and”
for the period at the end of clause (19); and

(3)           to add the following
new clause (20) after clause (19):

(20)         restrictions
on RERH Holdings, LLC or any of its Subsidiaries contained in (a) the Working
Capital Facility dated as of September 24, 2006 among Reliant Energy Power
Supply, LLC (“REPS”), the guarantors party thereto, and Merrill Lynch Capital
Corporation, (b) the Credit Sleeve and Reimbursement Agreement dated as of
September 24, 2006 among REPS, the guarantors party thereto, Merrill Lynch
Commodities, Inc., and Merrill Lynch & Co., Inc., and (c) any amendments,
modifications, restatements, renewals, increases, supplements, refundings,
replacements or refinancings of the agreements referred to in the preceding
clauses (a) and (b), provided that such amendments, modifications,
restatements, renewals, increases, supplements, refundings, replacement or
refinancings are not materially more restrictive, taken as a whole, with
respect to such dividend and other payment restrictions than those contained in
those agreements as reasonably determined by the Company.

(c)           The following
Subsection (c) is added to Section 4.08:

(c)           Promptly following the last day of each month
and so long as such payment is permitted under the terms of the agreements
referred to in Section 4.08(b)(20), the Company shall cause RERH Holdings, LLC
to pay cash dividends or distributions to the Company in an amount equal to (i)
the amount which is permitted under the terms of the agreements referred to in
Section 4.08(b)(20) on such day minus (ii)(A) amounts reasonably estimated by
the Company to be due and payable by RERH Holdings, LLC and its Subsidiaries on
or before the 20th day of the month

 3
 

 

next occurring plus (B) the
lesser of (1) $100,000,000 and (2) the amount permitted under the Credit
Agreement on the date the agreements referred to in Section 4.08(b)(20) become
effective.

(d)           In Section 4.09(b):

(1)           Subsection (b)(1) of
Section 4.09 is amended in its entirety to read as follows:

(1)           the
incurrence (A) by the Company and the guarantee by the Guarantors of additional
Indebtedness and letters of credit under Credit Facilities, (B) by
Securitization Entities of Indebtedness in Qualified Securitization
Transactions, and (C) by RERH Holdings, LLC and its Subsidiaries of additional
Indebtedness and letters of credit under Credit Facilities (including
guarantees of such Indebtedness) (provided, however, that (I) the aggregate
principal amount of Indebtedness incurred under this clause (C) at any one time
outstanding shall not exceed $310,000,000, and (II) the proceeds of
Indebtedness incurred under this clause (C) shall be used only for the
repayment of Indebtedness and other Obligations of RERH Holdings, LLC and its
Subsidiaries or to finance working capital needs of RERH Holdings, LLC and its
Subsidiaries, including the payment of sales, general and administrative, and
operations and maintenance expenses (including capital expenditures) and all
other expenses in the ordinary course of business of RERH Holdings, LLC and its
Subsidiaries) in an aggregate principal amount at any one time outstanding
under this clause (1) (with letters of credit being deemed to have a principal
amount equal to the maximum potential liability of the Company and its
Restricted Subsidiaries thereunder), including all Permitted Refinancing
Indebtedness incurred to refund, refinance or replace any Indebtedness incurred
pursuant to this clause (1), not to exceed $2.5 billion;

(2)           The following paragraph
is added to the end of the section:

Notwithstanding
anything in this Section 4.09(b) to the contrary, the aggregate principal
amount of Indebtedness of RERH Holdings, LLC and its Subsidiaries at any one
time outstanding, other than Indebtedness incurred pursuant to clause (14) of
this Section 4.09(b), may not exceed $310,000,000.

(e)           Section 4.10(d) is
amended in its entirety to read as follows:

(d)  Any Net Proceeds from Asset Sales (other than
Excluded Proceeds) that are not applied or invested as provided in Section
4.10(b) hereof shall constitute “Excess Proceeds,” except that if any portion
of any

 4
 

 

Net Proceeds from an Asset
Sale (other than Excluded Proceeds) is required at any time pursuant to any
Secured Debt Document to be applied to the mandatory prepayment, redemption,
repurchase or purchase of Parity Secured Debt or to provide cash collateral for
letters of credit issued under Parity Secured Debt, then all of the Net
Proceeds from that Asset Sale (other than Excluded Proceeds) will be deemed to
be “Excess Proceeds” at that time.  When
the aggregate amount of Excess Proceeds exceeds $25.0 million, within five days
thereof, the Company shall make an Asset Sale Offer to all Holders of Notes and
all holders of other Indebtedness (including the Existing 2010 Notes and the
Existing 2013 Notes) that is pari passu with the Notes (other than Credit
Agreement Debt)(and so long as the Notes are Equally and Ratably secured with
such other pari passu Indebtedness) containing provisions similar to those set
forth in this Supplemental Indenture with respect to offers to purchase or
redeem with the proceeds of sales of assets, to purchase (or repay, prepay or
redeem, as applicable) an aggregate principal amount of Notes and such other
pari passu Indebtedness that may be purchased (or repaid, prepaid or redeemed)
equal to the aggregate Excess Proceeds multiplied by a fraction, the numerator
of which consists of (A) the aggregate principal amount then outstanding on the
Notes and all such other pari passu Indebtedness containing such provisions
(not including Credit Agreement Debt) and the denominator of which is (B) the
sum of (i) such aggregate amount in the preceding clause (A) and (ii) the
Credit Agreement Debt then outstanding (an “Asset Sale Offer”). The offer price
in any Asset Sale Offer will be equal to 100% of principal amount plus accrued
and unpaid interest to the date of purchase, and shall be payable in cash.  If any Excess Proceeds remain after
consummation of an Asset Sale Offer, the Company may use such Excess Proceeds
for any purpose not otherwise prohibited by this Supplemental Indenture.  If the aggregate principal amount of Notes
and such other pari passu Indebtedness tendered into such Asset Sale Offer
exceeds the amount of Excess Proceeds, the Company shall select the Notes and
such other pari passu Indebtedness to be purchased on a pro rata basis based on
the principal amount of Notes and such other pari passu Indebtedness
tendered.  Upon completion of each Asset
Sale Offer, the amount of Excess Proceeds shall be reset at zero.

(f)            The following
Subsection (g) is added to Section 4.10:

(g)           Notwithstanding anything to the contrary in this Section 4.10, the Net
Proceeds for an Asset Sale of all or substantially all of the assets of RERH
Holdings, LLC and its Subsidiaries (and their successors), of the Equity
Interests of RERH Holdings, LLC (or its successor), or of all or substantially
all of the assets of the Company and its Subsidiaries (other than RERH
Holdings, LLC and its Subsidiaries (and their successors)) shall be Excess
Proceeds and may not be applied as set forth in Section 4.10(b).

 5
 

 

(g)           The following Subsection
(h) is added to Section 10.06:

(h)           Notwithstanding
anything herein to the contrary, the Company agrees that, without the prior
consent of the holders of at least a majority in aggregate principal amount of
the Note Obligations and of all Obligations in respect of each other Series of
Secured Debt (other than Credit Agreement Debt and the Seward Guarantees), the
Collateral Trustee’s Liens in the Equity Interests of RERH Holdings, LLC (or
its successor) or, if any, in all or substantially all of the assets of RERH
Holdings, LLC and its Subsidiaries (or their successors) (the “Retail Assets”)
or in all or substantially all of the Company and its Subsidiaries’ (other than
RERH Holdings, LLC and its Subsidiaries’ (or their successors)) assets,
including Equity Interests (the “Wholesale Assets”) may not be released, except
no such consent shall be required (i) in the case of an Asset Sale of the
Equity Interests of RERH Holdings, LLC (or its successor), the Retail Assets or
the Wholesale Assets or (ii) on and after the date on which, as of the last day
of two consecutive Fiscal Quarters, both (A) the Consolidated Leverage Ratio
for the applicable immediately preceding four Fiscal Quarters was 2.75:1 or
less and (B) the Consolidated Interest Coverage Ratio for the applicable
immediately preceding four Fiscal Quarters was 3.25:1 or more (the “Ratio Test”).  The Company agrees to file a current report
on Form 8-K with the SEC showing the calculation of the Ratio Test within 60
days (or 90 days if end of the period is also the end of a fiscal year) (i)
after the end of first four-quarter period in which it meets the Ratio Test and
for which it proposes to use the Ratio Test to implement the foregoing Lien
release and (ii) after the end of the second consecutive four-quarter period in
which it meets the Ratio Test and for which it proposes to use the Ratio Test
to implement the foregoing Lien release. 
The Company also agrees to promptly notify the Trustee of the filing of
the Form 8-K and to deliver to the Trustee the calculations of the Ratio Test
certified by the Company’s chief financial officer and that the Company may not
implement a Lien release without consent on account of the Ratio Test without
first complying with this sentence and the immediately preceding sentence.

The following terms shall
have the following meanings when used in this paragraph (h):

“Acquisition”
means any transaction or any series of related transactions by which a Person
(a) acquires any going business (including a power generation facility) or all
or substantially all of the assets of any other Person, or division thereof,
whether through purchase of assets, merger, or otherwise or (b) directly or
indirectly acquires greater than 50% of the Voting Stock of any other Person.

“Consolidated EBITDAR”
means, for any period for the Company and its Subsidiaries determined on a
consolidated basis in accordance with

 6
 

 

GAAP, an amount equal to, without any duplication,
(a) net income (before giving effect to the cumulative effect of changes
in accounting principles and discontinued operations and before income taxes
and franchise taxes to the extent based on the income of such Person and its
Subsidiaries) for such period, plus (b) Consolidated Interest Charges for such
period, plus (c) depreciation, depletion, impairment, abandonment and
amortization expense for such period, plus (d) the book accounting lease
expense under the REMA Lease for such period, plus (e) interest and fees
expensed under any receivables monetization or securitization during such period,
plus (f) net unrealized losses related to trading or non-trading energy
derivatives, plus (g) cash dividends or distributions actually received during
such period from an entity which is not a consolidated Subsidiary of such
Person, minus (h) net unrealized gains related to trading or non-trading
energy derivatives; provided, however, for purposes of this definition,
(i) gains and losses on the disposition of assets not in the ordinary
course of business, (ii) any other noncash charge or gain, and (iii) any
extraordinary or other non-recurring item or expense, including severance
costs, shall be excluded to the extent incurred or realized during such period
in accordance with GAAP from the calculation of Consolidated EBITDAR.  If during any period for which Consolidated
EBITDAR is being determined, the Company or any Subsidiary shall have (a) made
or consummated any Acquisition for gross consideration of $3,000,000 or more
(including Indebtedness assumed), then Consolidated EBITDAR shall be determined
on a pro forma basis for such period as if such Acquisition had been made or
consummated as of the beginning of the first day of such period or (b) made or
consummated any Asset Sale that is not fully included in discontinued
operations, then Consolidated EBITDAR shall, to the extent such Asset Sale is
not excluded from Consolidated EBITDAR pursuant to the foregoing proviso, be
determined on a pro forma basis for such period as if such Asset Sale had been
made or consummated as of the beginning of the first day of such period.

“Consolidated Interest
Charges” means, without duplication, for any period for the Company and its
Subsidiaries on a consolidated basis in accordance with GAAP, (a) the total
interest expense for such period, plus (b) the interest expense during such
period attributable to (i) the REMA Lease, (ii) the fees and yield
paid in connection with, or interest expense attributable to, any account
receivables securitization or monetization permitted hereunder, and
(iii) any capitalized interest during such period, plus (c) all cash
dividends and distributions paid on preferred or preference stock, plus
(d) to the extent deducted in determining total interest expense, net
unrealized gains under any agreement described in the definition of “Hedging
Obligations” permitted hereunder and existing on or prior to December 22, 2004
(excluding any ongoing settlement payments in connection with permitted
interest rate swap agreements), minus (e)(i) the total interest income of such
Person and its Subsidiaries, including interest income from any escrow or trust
account, (ii) in all cases

 7
 

 

whether expensed or amortized, any interest expense
attributable to (A) any makewhole or premium paid in connection with the
repayment of any Debt, (B) any upfront direct or indirect costs, expenses, or
fees incurred in connection with, including those arising out of the
preparation for the maturity of, (1) any Debt, (2) the incurrence of any Debt
after December 22, 2004, or (3) the amendment of any Debt, (C) to the extent
added in determining total interest expense, the upfront cost and net
unrealized losses under any agreement described in the definition of “Hedging
Obligations” permitted hereunder and existing on or prior to December 22, 2004
(excluding ongoing settlement payments in connection with permitted interest
rate swap agreements), and (D) any of the RRI Warrants;
(iii)  all non-recurring interest expense with respect to items not
constituting Indebtedness, and (iv) interest expense attributable to
Indebtedness repaid or required to be repaid under any Indebtedness for which
the Company has notified the Credit Agreement Agent in writing that it agrees
it will not designate the Net Proceeds as Excluded Proceeds, in each case in
connection with an Asset Sale.

“Consolidated Interest
Coverage Ratio” means, as of any date of determination, the ratio of (a)
Consolidated EBITDAR for the period of the four prior Fiscal Quarters ending on
such date to (b) Consolidated Interest Charges for such period.

“Consolidated Leverage
Ratio” means, as of any date of determination, the ratio of (a)
Consolidated Total Debt as of such date to (b) Consolidated EBITDAR for the
period of the four Fiscal Quarters most recently ended.

“Consolidated Total
Debt” means, as of any date of determination, for the Company and its
Subsidiaries on a consolidated basis in accordance with GAAP, (i) all
outstanding Debt of the Company and its Subsidiaries on such date, minus (ii)
without duplication, all (a) cash and short-term investments, in an aggregate amount
not to exceed $300,000,000 at any time, (b) restricted cash, in an amount not
to exceed the aggregate amount of Indebtedness of the Company or any of its
Subsidiaries, the terms of which Indebtedness cause such cash to appear as
restricted cash on the consolidated balance sheet of the Company and its
Subsidiaries, and (c) broker, counterparty, and customer margin/collateral
assets and deposits advanced to or held on behalf of such broker, counterparty
or customer, as each of the foregoing appears on the consolidated balance sheet
of the Company and its Subsidiaries.

“Debt” means, as
of any date of determination with respect to the Company and its Subsidiaries,
without duplication, in accordance with GAAP the following: (a) the total
amount of indebtedness, including any fair value adjustments, and other
obligations of the Company and its Subsidiaries for borrowed money (whether by
loan or the issuance of debt

 8
 

 

securities), including the unreimbursed amount of any
drawings under letters of credit issued for the account of the Company or any
of its Subsidiaries, but excluding the amount of indebtedness for borrowed
money that is either (i) required to be repaid or (ii) for which the Company
has notified the Credit Agreement Agent in writing that it agrees it will not
designate the Net Proceeds as Excluded Proceeds, in each case in connection
with an Asset Sale, (b) all Capital Lease Obligations and, except for the
REMA Lease, Attributable Debt in respect of sale and leaseback transactions or
financing leases, (c) the unpaid balance owed to the certificate holders under
the REMA Lease, (d) obligations under any accounts securitization or
monetization arrangement permitted hereunder and not recorded on the Company
balance sheet for that period, and (e) all guaranties of payment or collection
of any obligations described in clauses (a) through (d) of this definition of
any other Person; provided, however, that Debt shall not include:  (i) any guaranties that may be incurred by
endorsement of negotiable instruments for deposit or collection in the ordinary
course of business or similar transactions, (ii) any Obligations or guaranties
of performance of Obligations under performance bonds, (iii) trade accounts
payable in the ordinary course of business, (iv) customer advance payments and
customer deposits arising in the ordinary course of business, (v) the liability
of any Person as a general partner of a partnership for Debt of such
partnership, if the partnership is not a Subsidiary of such Person, and (vi)
any completion or performance guarantees (or similar guarantees that a project
or a Subsidiary perform as planned).  In
determining the outstanding amount of any Debt: 
(a) the amount of money borrowed shall be the outstanding principal
amount thereof, (b) the amount of all unreimbursed letters of credit shall be
the unreimbursed amount thereof, (c) the amount of any accounts monetization or
securitization shall be the amount invested by the investor therein, and (d)
the amount of guaranties shall be the amount of the guaranteed obligations
determined as provided above in this sentence.

“RRI Warrants”
means the warrants issued by the Company and outstanding on December 22, 2004.

2.             Effectiveness of
Amendments.

The Amendments shall become effective on the date of
this Supplemental Indenture.

3.             Ratification of
Indenture.

The Indenture, as supplemented and amended by this Supplemental
Indenture, is in all respects ratified and confirmed, and this Supplemental
Indenture shall be deemed part of the Indenture in the manner and to the extent
herein and therein provided.

 9
 

 

4.             Trustee Not
Responsible for Recitals.

The recitals herein contained are made by the Company
and not by the Trustee, and the Trustee assumes no responsibility for the
correctness thereof.  The Trustee makes
no representation as to the validity or sufficiency of this Supplemental
Indenture.

5.             Governing Law.

THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN
THIS SUPPLEMENTAL INDENTURE.

6.             Separability.

In case any one or more of the provisions contained in
this Supplemental Indenture shall for any reason be held to be invalid, illegal
or unenforceable in any respect, then, to the extent permitted by law, such
invalidity, illegality or unenforceability shall not affect any other
provisions of this Supplemental Indenture, but this Supplemental Indenture
shall be construed as if such invalid or illegal or unenforceable provision had
never been contained herein.

7.             Counterparts.

This Supplemental Indenture may be executed in any
number of counterparts each of which shall be an original, but such
counterparts shall together constitute but one and the same instrument.

 10
 

 

IN WITNESS WHEREOF, the parties hereto have caused
this Supplemental Indenture to be duly executed by their respective officers
thereunto duly authorized, as of the day and year first above written.

	
   

  	
   

  	
  RELIANT ENERGY, INC.,

  
	
   

  	
   

  	
  as Issuer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Andrew Johannesen

  	
   

  
	
   

  	
   

  	
  Name:

  	
   Andrew
  Johannesen

  	
   

  
	
   

  	
   

  	
  Title:

  	
   Vice
  President and Assistant Treasurer

  	
   

  
							

 

 

 11
 

 

 

	
   

  	
  RELIANT ENERGY ASSET
  MANAGEMENT, LLC

  
	
   

  	
  RELIANT ENERGY
  BROADBAND, INC.

  
	
   

  	
  RELIANT ENERGY
  CALIFORNIA HOLDINGS, LLC

  
	
   

  	
  RELIANT ENERGY
  COMMUNICATIONS, INC.

  
	
   

  	
  RELIANT ENERGY
  COOLWATER, INC.

  
	
   

  	
  RELIANT ENERGY
  CORPORATE SERVICES, LLC

  
	
   

  	
  RELIANT ENERGY
  ELLWOOD, INC.

  
	
   

  	
  RELIANT ENERGY
  ETIWANDA, INC.

  
	
   

  	
  RELIANT ENERGY
  FLORIDA, LLC

  
	
   

  	
  RELIANT ENERGY
  KEY/CON FUELS, LLC

  
	
   

  	
  RELIANT ENERGY
  MANDALAY, INC.

  
	
   

  	
  RELIANT ENERGY
  NORTHEAST GENERATION, INC.

  
	
   

  	
  RELIANT ENERGY
  NORTHEAST HOLDINGS, INC.

  
	
   

  	
  RELIANT ENERGY
  ORMOND BEACH, INC.

  
	
   

  	
  RELIANT ENERGY
  POWER GENERATION, INC.

  
	
   

  	
  RELIANT ENERGY
  SABINE (TEXAS), INC.

  
	
   

  	
  RELIANT ENERGY
  SERVICES DESERT BASIN, LLC

  
	
   

  	
  RELIANT ENERGY
  SERVICES MID-STREAM, LLC

  
	
   

  	
  RELIANT ENERGY
  SEWARD, LLC

  
	
   

  	
  RELIANT ENERGY
  TRADING EXCHANGE, INC.

  
	
   

  	
  RELIANT ENERGY
  VENTURES, INC.

  
	
   

  	
  RELIANT ENERGY
  WHOLESALE GENERATION, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Andrew C. Johannesen

  	
   

  
	
   

  	
  Name:

  	
  Andrew
  Johannesen

  
	
   

  	
  Title:

  	
  Assistant
  Treasurer of the corporations and limited

  
	
   

  	
   

  	
  liability
  companies listed above

  
					

 

 12
 

 

 

	
  

  	
  RELIANT ENERGY SERVICES,
  INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Andrew C. Johannesen

  	
   

  
	
   

  	
  Name:   Andrew
  C. Johannesen

  
	
   

  	
  Title: Vice President and Treasurer

  
	
   

  	
   

  
	
  

  	
  RELIANT ENERGY ELECTRIC
  SOLUTIONS, LLC

  
	
   

  	
  RELIANT ENERGY POWER
  SUPPLY, LLC

  
	
   

  	
  RELIANT ENERGY RETAIL
  SERVICES, LLC

  
	
   

  	
  RELIANT ENERGY SOLUTIONS
  EAST, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Lloyd A. Whittington

  	
   

  
	
   

  	
  Name:

  	
  Lloyd A. Whittington

  
	
   

  	
  Title:

  	
  Vice President and Treasurer of the limited

  
	
   

  	
  liability companies listed above

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  RELIANT ENERGY RETAIL HOLDINGS, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Lloyd A. Whittington

  	
   

  
	
   

  	
  Name:

  	
  Lloyd A. Whittington

  
	
   

  	
  Title:

  	
  Assistant Treasurer

  
							

 

 13
 

 

 

	
  

  	
  RELIANT ENERGY CAPTRADES HOLDING CORP.

  
	
   

  	
  RELIANT ENERGY SABINE (DELAWARE), INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
  

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
    Patricia F.
  Genzel

  
	
   

  	
  Title:

  	
  President and Secretary

  
					

 

 14
 

 

 

	
  

  	
  WILMINGTON TRUST COMPANY,
  as Trustee

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Michael
  Oller, Jr.

  	
   

  
	
   

  	
   

  	
  Authorized
  Signatory

  	
   

  

 

 15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]