Document:

<PAGE>
EXHIBIT 10.2

                               SUBSIDIARY GUARANTY

New York, New York                                          June 15, 2005

     FOR VALUE RECEIVED, and in consideration of note purchases from, loans made
or to be made or credit otherwise extended or to be extended by Midsummer
Investments Ltd. ("Midsummer") to or for the account of Island Pacific, Inc., a
Delaware corporation ("Debtor"), from time to time and at any time and for other
good and valuable consideration and to induce Midsummer, in its discretion, to
purchase such notes, make such loans or extensions of credit and to make or
grant such renewals, extensions, releases of collateral or relinquishments of
legal rights as Midsummer may deem advisable, each of the undersigned (and each
of them if more than one, the liability under this Guaranty being joint and
several) (jointly and severally referred to as "Guarantors" or "the
undersigned") unconditionally guaranties to Midsummer, its successors, endorsees
and assigns the prompt payment when due (whether by acceleration or otherwise)
of all present and future obligations and liabilities of any and all kinds of
Debtor to Midsummer and of all instruments of any nature evidencing or relating
to any such obligations and liabilities upon which Debtor or one or more parties
and Debtor is or may become liable to Midsummer, whether incurred by Debtor as
maker, endorser, drawer, acceptor, guarantors, accommodation party or otherwise,
and whether due or to become due, secured or unsecured, absolute or contingent,
joint or several, and however or whenever acquired by Midsummer, whether arising
under, out of, or in connection with (i) that certain Securities Purchase
Agreement dated as of the date hereof by and between the Debtor and Midsummer
(the "Securities Purchase Agreement") and (ii) each Related Agreement referred
to in the Securities Purchase Agreement (the Securities Purchase Agreement and
each Related Agreement, as each may be amended, modified, restated or
supplemented from time to time, are collectively referred to herein as the
"Documents"), or any documents, instruments or agreements relating to or
executed in connection with the Documents or any documents, instruments or
agreements referred to therein or otherwise, or any other indebtedness,
obligations or liabilities of the Debtor to Midsummer, hereafter arising, direct
or indirect, liquidated or unliquidated, absolute or contingent, due or not due
and whether under, pursuant to or evidenced by a note, agreement, guaranty,
instrument or otherwise (all of which are herein collectively referred to as the
"Obligations"), and irrespective of the genuineness, validity, regularity or
enforceability of such Obligations, or of any instrument evidencing any of the
Obligations or of any collateral therefor or of the existence or extent of such
collateral, and irrespective of the allowability, allowance or disallowance of
any or all of the Obligations in any case commenced by or against Debtor under
Title 11, United States Code, including, without limitation, obligations or
indebtedness of Debtor for post-petition interest, fees, costs and charges that
would have accrued or been added to the Obligations but for the commencement of
such case. Notwithstanding anything set forth herein to the contrary, the
definition of "Obligations" shall not include any present and future obligations
or liabilities of any and all kinds of Debtor to Midsummer to the extent arising
under, out of, or in connection with (i) that certain Securities Purchase
Agreement dated as of March 15, 2004 by and between the Debtor and Midsummer
(the "March 2004 Purchase Agreement") and (ii) each Related Agreement referred
to in the March 2004 Purchase Agreement. Terms not otherwise defined herein
shall have the meaning assigned such terms in [the Securities Purchase
Agreement. In furtherance of the foregoing, the undersigned hereby agrees as
follows:

     1. No Impairment. Midsummer may at any time and from time to time, either
before or after the maturity thereof, without notice to or further consent of
the undersigned, extend the time of payment of, exchange or surrender any
collateral for, renew or extend any of the Obligations or increase or decrease
the interest rate thereon, or any other agreement with Debtor or with any other
party to or person liable on any of the Obligations, or interested therein, for
the extension, renewal, payment, compromise, discharge or release thereof, in
whole or in part, or for any modification of the terms thereof or of any
agreement between Midsummer and Debtor or any such other party or person, or

<PAGE>

make any election of rights Midsummer may deem desirable under the United States
Bankruptcy Code, as amended, or any other federal or state bankruptcy,
reorganization, moratorium or insolvency law relating to or affecting the
enforcement of creditors' rights generally (any of the foregoing, an "Insolvency
Law") without in any way impairing or affecting this Guaranty. This instrument
shall be effective regardless of the subsequent incorporation, merger or
consolidation of Debtor, or any change in the composition, nature, personnel or
location of Debtor and shall extend to any successor entity to Debtor, including
a debtor in possession or the like under any Insolvency Law.

     2. Guaranty Absolute. Subject to Section 5(c), each of the undersigned
jointly and severally guarantees that the Obligations will be paid in accordance
with the terms of the Documents and/or any other document, instrument or
agreement creating or evidencing the Obligations, regardless of any law,
regulation or order now or hereafter in effect in any jurisdiction affecting any
of such terms or the rights of Debtor with respect thereto. Guarantors hereby
knowingly accept the full range of risk encompassed within a contract of
"continuing guaranty" which risk includes the possibility that Debtor will
contract additional indebtedness for which Guarantors may be liable hereunder
after Debtor's financial condition or ability to pay its lawful debts when they
fall due has deteriorated, whether or not Debtor has properly authorized
incurring such additional indebtedness. The undersigned acknowledge that (i) no
oral representations, including any representations to extend credit or provide
other financial accommodations to Debtor, have been made by Midsummer to induce
the undersigned to enter into this Guaranty and (ii) any extension of credit to
the Debtor shall be governed solely by the provisions of the Documents. The
liability of each of the undersigned under this Guaranty shall be absolute and
unconditional, in accordance with its terms, and shall remain in full force and
effect without regard to, and shall not be released, suspended, discharged,
terminated or otherwise affected by, any circumstance or occurrence whatsoever,
including, without limitation: (a) any waiver, indulgence, renewal, extension,
amendment or modification of or addition, consent or supplement to or deletion
from or any other action or inaction under or in respect of the Documents or any
other instruments or agreements relating to the Obligations or any assignment or
transfer of any thereof, (b) any lack of validity or enforceability of any
Document or other documents, instruments or agreements relating to the
Obligations or any assignment or transfer of any thereof, (c) any furnishing of
any additional security to Midsummer or its assignees or any acceptance thereof
or any release of any security by Midsummer or its assignees, (d) any limitation
on any party's liability or obligation under the Documents or any other
documents, instruments or agreements relating to the Obligations or any
assignment or transfer of any thereof or any invalidity or unenforceability, in
whole or in part, of any such document, instrument or agreement or any term
thereof, (e) any bankruptcy, insolvency, reorganization, composition,
adjustment, dissolution, liquidation or other like proceeding relating to
Debtor, or any action taken with respect to this Guaranty by any trustee or
receiver, or by any court, in any such proceeding, whether or not the
undersigned shall have notice or knowledge of any of the foregoing, (f) any
exchange, release or nonperfection of any collateral, or any release, or
amendment or waiver of or consent to departure from any guaranty or security,
for all or any of the Obligations or (g) any other circumstance which might
otherwise constitute a defense available to, or a discharge of, the undersigned,
all except to the extent agreed to in writing by Midsummer. Any amounts due from
the undersigned to Midsummer shall bear interest until such amounts are paid in
full at the highest rate then applicable to the Obligations. Obligations include
post-petition interest whether or not allowed or allowable.

                                       2
<PAGE>

     3. Waivers.

          (a) This Guaranty is a guaranty of payment and not of collection.
Midsummer shall be under no obligation to institute suit, exercise rights or
remedies or take any other action against Debtor or any other person liable with
respect to any of the Obligations or resort to any collateral security held by
it to secure any of the Obligations as a condition precedent to the undersigned
being obligated to perform as agreed herein and each of the Guarantors hereby
waives any and all rights which it may have by statute or otherwise which would
require Midsummer to do any of the foregoing. Each of the Guarantors further
consents and agrees that Midsummer shall be under no obligation to marshal any
assets in favor of Guarantors, or against or in payment of any or all of the
Obligations. The undersigned hereby waives all suretyship defenses and any
rights to interpose any defense, counterclaim or offset of any nature and
description which the undersigned may have or which may exist between and among
Midsummer, Debtor and/or the undersigned with respect to the undersigned's
obligations under this Guaranty, or which Debtor may assert on the underlying
debt, including but not limited to failure of consideration, breach of warranty,
fraud, payment (other than cash payment in full of the Obligations), statute of
frauds, bankruptcy, infancy, statute of limitations, accord and satisfaction,
and usury

          (b) Each of the undersigned further waives (i) notice of the
acceptance of this Guaranty, of the making of any such loans or extensions of
credit, and of all notices and demands of any kind to which the undersigned may
be entitled, including, without limitation, notice of adverse change in Debtor's
financial condition or of any other fact which might materially increase the
risk of the undersigned and (ii) presentment to or demand of payment from anyone
whomsoever liable upon any of the Obligations, protest, notices of presentment,
non-payment or protest and notice of any sale of collateral security or any
default of any sort.

          (c) Notwithstanding any payment or payments made by the undersigned
hereunder, or any setoff or application of funds of the undersigned by
Midsummer, the undersigned shall not be entitled to be subrogated to any of the
rights of Midsummer against Debtor or against any collateral or guarantee or
right of offset held by Midsummer for the payment of the Obligations, nor shall
the undersigned seek or be entitled to seek any contribution or reimbursement
from Debtor in respect of payments made by the undersigned hereunder, until all
amounts owing to Midsummer by Debtor on account of the Obligations are paid in
full and Midsummer' obligation to extend credit pursuant to the Documents have
been terminated. If, notwithstanding the foregoing, any amount shall be paid to
the undersigned on account of such subrogation rights at any time when all of
the Obligations shall not have been paid in full and Midsummer' obligation to
extend credit pursuant to the Documents shall not have been terminated, such
amount shall be held by the undersigned in trust for Midsummer, segregated from
other funds of the undersigned, and shall forthwith upon, and in any event
within two (2) business days of, receipt by the undersigned, be turned over to
Midsummer in the exact form received by the undersigned (duly endorsed by the
undersigned to Midsummer, if required), to be applied against the Obligations,
whether matured or unmatured, in such order as Midsummer may determine, subject
to the provisions of the Documents. Any and all present and future debts and
obligations of Debtor to any of the undersigned are hereby waived and postponed
in favor of, and subordinated to the full payment and performance of, all
present and future debts and Obligations of Debtor to Midsummer.

     4. Security. All sums at any time to the credit of the undersigned and any
property of the undersigned in Midsummer' possession or in the possession of any
bank, financial institution or other entity that directly or indirectly, through
one or more intermediaries, controls or is controlled by, or is under common
control with, Midsummer (each such entity, an "Affiliate") shall be deemed held
by Midsummer or such Affiliate, as the case may be, as security for any and all
of the undersigned's obligations to Midsummer and to any Affiliate of Midsummer,
no matter how or when arising and whether under this or any other instrument,
agreement or otherwise.

                                       3
<PAGE>

     5. Representations and Warranties. Each of the undersigned respectively,
hereby jointly and severally represents and warrants (all of which
representations and warranties shall survive until all Obligations are satisfied
in full and the Documents have been irrevocably terminated), that:

          (a) Corporate Status. It is a corporation, partnership or limited
liability company, as the case may be, duly organized, validly existing and in
good standing under the laws of its jurisdiction of organization indicated on
the signature page hereof and has full power, authority and legal right to own
its property and assets and to transact the business in which it is engaged.

          (b) Authority and Execution. It has full power, authority and legal
right to execute and deliver, and to perform its obligations under, this
Guaranty and has taken all necessary corporate, partnership or limited liability
company, as the case may be, action to authorize the execution, delivery and
performance of this Guaranty.

          (c) Legal, Valid and Binding Character. This Guaranty constitutes its
legal, valid and binding obligation enforceable in accordance with its terms,
except as enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other laws of general application affecting the
enforcement of creditor's rights and general principles of equity that restrict
the availability of equitable or legal remedies.

          (d) Violations. The execution, delivery and performance of this
Guaranty will not violate any requirement of law applicable to it or any
contract, agreement or instrument to it is a party or by which it or any of its
property is bound or result in the creation or imposition of any mortgage, lien
or other encumbrance other than to Midsummer on any of its property or assets
pursuant to the provisions of any of the foregoing, which, in any of the
foregoing cases, could reasonably be expected to have, either individually or in
the aggregate, a Material Adverse Effect.

          (e) Consents or Approvals. No consent of any other person or entity
(including, without limitation, any creditor of the undersigned) and no consent,
license, permit, approval or authorization of, exemption by, notice or report
to, or registration, filing or declaration with, any governmental authority is
required in connection with the execution, delivery, performance, validity or
enforceability of this Guaranty by it, except to the extent that the failure to
obtain any of the foregoing could not reasonably be expected to have, either
individually or in the aggregate, a Material Adverse Effect.

          (f) Litigation. No litigation, arbitration, investigation or
administrative proceeding of or before any court, arbitrator or governmental
authority, bureau or agency is currently pending or, to the best of its
knowledge, threatened (i) with respect to this Guaranty or any of the
transactions contemplated by this Guaranty or (ii) against or affecting it, or
any of its property or assets, which, in each of the foregoing cases, if
adversely determined, could reasonably be expected to have a Material Adverse
Effect.

                                       4
<PAGE>

          (g) Financial Benefit. It has derived or expects to derive a financial
or other advantage from each and every loan, advance or extension of credit made
under the Documents or other Obligation incurred by the Debtor to Midsummer.

     6. Acceleration.

          (a) If any breach of any covenant or condition or other event of
default shall occur and be continuing under any agreement made by Debtor or any
of the undersigned to Midsummer, or either Debtor or any of the undersigned
should at any time become insolvent, or make a general assignment, or if a
proceeding in or under any Insolvency Law shall be filed or commenced by, or in
respect of, any of the undersigned, or if a notice of any lien, levy, or
assessment is filed of record with respect to any assets of any of the
undersigned by the United States of America or any department, agency, or
instrumentality thereof, or if any taxes or debts owing at any time or times
hereafter to any one of them becomes a lien or encumbrance upon any assets of
the undersigned in Midsummer' possession, or otherwise, any and all Obligations
shall for purposes hereof, at Midsummer' option, be deemed due and payable
without notice notwithstanding that any such Obligation is not then due and
payable by Debtor.

          (b) Each of the undersigned will promptly notify Midsummer of any
default by such undersigned in its respective performance or observance of any
term or condition of any agreement to which the undersigned is a party if the
effect of such default is to cause, or permit the holder of any obligation under
such agreement to cause, such obligation to become due prior to its stated
maturity and, if such an event occurs, Midsummer shall have the right to
accelerate such undersigned's obligations hereunder.

     7. Payments from Guarantors. Midsummer, in its sole and absolute
discretion, with or without notice to the undersigned, may apply on account of
the Obligations any payment from the undersigned or any other guarantors, or
amounts realized from any security for the Obligations, or may deposit any and
all such amounts realized in a non-interest bearing cash collateral deposit
account to be maintained as security for the Obligations.

     8. Costs. The undersigned shall timely reimburse Midsummer for all costs,
fees and expenses (including expenses for legal services of every kind)
reasonably incurred to the enforcement or protection of the rights of Midsummer
hereunder or under any of the Obligations.

     9. No Termination. This is a continuing irrevocable guaranty and shall
remain in full force and effect and be binding upon the undersigned, and each of
the undersigned's successors and assigns, until all of the Obligations have been
paid in full and Midsummer' obligation to extend credit pursuant to the
Documents has been irrevocably terminated. If any of the present or future
Obligations are guarantied by persons, partnerships or corporations in addition
to the undersigned, the death, release or discharge in whole or in part or the
bankruptcy, merger, consolidation, incorporation, liquidation or dissolution of
one or more of them shall not discharge or affect the liabilities of any
undersigned under this Guaranty.

                                       5
<PAGE>

     10. Recapture. Anything in this Guaranty to the contrary notwithstanding,
if Midsummer receives any payment or payments on account of the liabilities
guaranteed hereby, which payment or payments or any part thereof are
subsequently invalidated, declared to be fraudulent or preferential, set aside
and/or required to be repaid to a trustee, receiver, or any other party under
any Insolvency Law, common law or equitable doctrine, then to the extent of any
sum not finally retained by Midsummer, the undersigned's obligations to
Midsummer shall be reinstated and this Guaranty shall remain in full force and
effect (or be reinstated) until payment shall have been made to Midsummer, which
payment shall be due on demand.

     11. Books and Records. The books and records of Midsummer showing the
account between Midsummer and Debtor shall be admissible in evidence in any
action or proceeding, shall be binding upon the undersigned for the purpose of
establishing the items therein set forth and shall constitute prima facie proof
thereof.

     12. No Waiver. No failure on the part of Midsummer to exercise, and no
delay in exercising, any right, remedy or power hereunder shall operate as a
waiver thereof, nor shall any single or partial exercise by Midsummer of any
right, remedy or power hereunder preclude any other or future exercise of any
other legal right, remedy or power. Each and every right, remedy and power
hereby granted to Midsummer or allowed it by law or other agreement shall be
cumulative and not exclusive of any other, and may be exercised by Midsummer at
any time and from time to time.

     13. Waiver of Jury Trial. EACH OF THE UNDERSIGNED DOES HEREBY KNOWINGLY,
VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT TO TRIAL BY JURY IN ANY ACTION OR
PROCEEDING BASED ON OR WITH RESPECT TO THIS GUARANTY OR ANY OF THE TRANSACTIONS
CONTEMPLATED HEREBY OR RELATING OR INCIDENTAL HERETO. THE UNDERSIGNED DOES
HEREBY CERTIFY THAT NO REPRESENTATIVE OR AGENT OF MIDSUMMER HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT MIDSUMMER WOULD NOT, IN THE EVENT OF LITIGATION,
SEEK TO ENFORCE THIS WAIVER OF RIGHT TO JURY TRIAL PROVISION.

     14. Governing Law; Jurisdiction; Amendments. THIS INSTRUMENT CANNOT BE
CHANGED OR TERMINATED ORALLY, AND SHALL BE GOVERNED, CONSTRUED AND INTERPRETED
AS TO VALIDITY, ENFORCEMENT AND IN ALL OTHER RESPECTS IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK WITHOUT HAVING EFFECT TO PRINCIPLES OF CONFLICTS
OF LAWS. EACH OF THE UNDERSIGNED EXPRESSLY CONSENTS TO THE JURISDICTION AND
VENUE OF THE SUPREME COURT OF THE STATE OF NEW YORK, COUNTY OF NEW YORK, AND OF
THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK FOR ALL
PURPOSES IN CONNECTION HEREWITH. ANY JUDICIAL PROCEEDING BY THE UNDERSIGNED
AGAINST MIDSUMMER INVOLVING, DIRECTLY OR INDIRECTLY ANY MATTER OR CLAIM IN ANY
WAY ARISING OUT OF, RELATED TO OR CONNECTED HEREWITH SHALL BE BROUGHT ONLY IN
THE SUPREME COURT OF THE STATE OF NEW YORK, COUNTY OF NEW YORK OR THE UNITED
STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK. THE UNDERSIGNED
FURTHER CONSENTS THAT ANY SUMMONS, SUBPOENA OR OTHER PROCESS OR PAPERS
(INCLUDING, WITHOUT LIMITATION, ANY NOTICE OR MOTION OR OTHER APPLICATION TO
EITHER OF THE AFOREMENTIONED COURTS OR A JUDGE THEREOF) OR ANY NOTICE IN
CONNECTION WITH ANY PROCEEDINGS HEREUNDER, MAY BE SERVED INSIDE OR OUTSIDE OF

                                       6
<PAGE>

THE STATE OF NEW YORK OR THE SOUTHERN DISTRICT OF NEW YORK BY REGISTERED OR
CERTIFIED MAIL, RETURN RECEIPT REQUESTED, OR BY PERSONAL SERVICE PROVIDED A
REASONABLE TIME FOR APPEARANCE IS PERMITTED, OR IN SUCH OTHER MANNER AS MAY BE
PERMISSIBLE UNDER THE RULES OF SAID COURTS. EACH OF THE UNDERSIGNED WAIVES ANY
OBJECTION TO JURISDICTION AND VENUE OF ANY ACTION INSTITUTED HEREON AND SHALL
NOT ASSERT ANY DEFENSE BASED ON LACK OF JURISDICTION OR VENUE OR BASED UPON
FORUM NON CONVENIENS.

     15. Severability. To the extent permitted by applicable law, any provision
of this Guaranty which is prohibited or unenforceable in any jurisdiction shall,
as to such jurisdiction, be ineffective to the extent of such prohibition or
unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.

     16. Amendments, Waivers. No amendment or waiver of any provision of this
Guaranty nor consent to any departure by the undersigned therefrom shall in any
event be effective unless the same shall be in writing executed by each of the
undersigned directly affected by such amendment and/or waiver and Midsummer.

     17. Notice. All notices, requests and demands to or upon the undersigned,
shall be in writing and shall be deemed to have been duly given or made (a) when
delivered, if by hand, (b) three (3) days after being sent, postage prepaid, if
by registered or certified mail, (c) when confirmed electronically, if by
facsimile, or (d) when delivered, if by a recognized overnight delivery service
in each event, to the numbers and/or address set forth beneath the signature of
the undersigned.

     18. Successors. Midsummer may, from time to time, without notice to the
undersigned, sell, assign, transfer or otherwise dispose of all or any part of
the Obligations and/or rights under this Guaranty. Without limiting the
generality of the foregoing, Midsummer may assign, or grant participations to,
one or more banks, financial institutions or other entities all or any part of
any of the Obligations. In each such event, Midsummer, its Affiliates and each
and every immediate and successive purchaser, assignee, transferee or holder of
all or any part of the Obligations shall have the right to enforce this
Guaranty, by legal action or otherwise, for its own benefit as fully as if such
purchaser, assignee, transferee or holder were herein by name specifically given
such right. Midsummer shall have an unimpaired right to enforce this Guaranty
for its benefit with respect to that portion of the Obligations which Midsummer
has not disposed of, sold, assigned, or otherwise transferred.

     19. Release. Nothing except cash payment in full of the Obligations shall
release any of the undersigned from liability under this Guaranty.

                        [REMAINDER OF THIS PAGE IS BLANK.
                       SIGNATURE PAGE IMMEDIATELY FOLLOWS]

                                       7
<PAGE>

     IN WITNESS WHEREOF, this Guaranty has been executed by the undersigned this
15th day of June, 2005.

                                          PAGE DIGITAL INCORPORATED

                                          By: _______________________

                                          Name:

                                          Title:

                                          Address:

                                          IP RETAIL TECHNOLOGIES
                                          INTERNATIONAL, INC.

                                          By: _______________________

                                          Name:

                                          Title:

                                          Address:

                                          SABICA VENTURES, INC.

                                          By: _______________________

                                          Name:

                                          Title:

                                          Address:

                                       8Unassociated Document

    
      EXHIBIT
        10.1

      EXECUTION
        COPY

      

      
        
          

        

      

      U.S.
        $2,000,000,000

       

      CREDIT
        AGREEMENT

       

      Dated
        as of June 14, 2005

       

      Among

       

      FIRSTENERGY
        CORP., FIRSTENERGY SOLUTIONS CORP., AMERICAN
        TRANSMISSION SYSTEMS, INCORPORATED, OHIO EDISON COMPANY, PENNSYLVANIA POWER
        COMPANY, THE CLEVELAND ELECTRIC ILLUMINATING COMPANY, THE TOLEDO EDISON COMPANY,
        JERSEY CENTRAL POWER & LIGHT COMPANY, METROPOLITAN EDISON COMPANY and
        PENNSYLVANIA ELECTRIC COMPANY,

      as
        Borrowers,

      

      THE
        BANKS NAMED HEREIN,

      as
        Banks,

      

      CITICORP
        USA, INC.,

      as
        Administrative Agent,

      

      CITICORP
        USA, INC.,

      BARCLAYS
        BANK PLC

      AND
        THE OTHER FRONTING BANKS

      PARTY
        HERETO FROM TIME TO TIME

      as
        Fronting Banks

      

      and

      

      THE
        SWING LINE LENDERS PARTY 

      HERETO
        FROM TIME TO TIME

      as
        Swing Line Lenders

      

      
        
          

        

      CITIGROUP
        GLOBAL MARKETS INC.

      and

      BARCLAYS
        CAPITAL

      Joint
        Lead Arrangers

      

      BARCLAYS
        BANK PLC 

      Syndication
        Agent

      

      JPMORGAN
        CHASE BANK, N.A.

      KEYBANK
        NATIONAL ASSOCIATION,

      WACHOVIA
        BANK, N.A.,

      Co-Documentation
        Agents

      

      
        
          
          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

      
        
          	
                  TABLE
                    OF CONTENTS

                
	 	 	 
	 	 	
                  Page

                
	 	 	 
	
                  ARTICLE
                    I

                
	
                  DEFINITIONS
                    AND ACCOUNTING TERMS

                
	 	 	 
	
                  SECTION
                    1.01.

                	
                  Certain
                    Defined Terms.

                	
                  1

                
	
                  SECTION
                    1.02.

                	
                  Computation
                    of Time Periods.

                	
                  18

                
	
                  SECTION
                    1.03.

                	
                  Accounting
                    Terms.

                	
                  18

                
	
                  SECTION
                    1.04.

                	
                  Certain
                    References.

                	
                  18

                
	 	 	 
	
                  ARTICLE
                    II

                
	
                  AMOUNTS
                    AND TERMS OF THE ADVANCES AND LETTERS OF
                    CREDIT

                
	 	 	 
	
                  SECTION
                    2.01.

                	
                  The
                    Pro-Rata Advances.

                	
                  18

                
	
                  SECTION
                    2.02.

                	
                  Making
                    the Pro-Rata Advances.

                	
                  19

                
	
                  SECTION
                    2.03.

                	
                  Swing
                    Line Advances

                	
                  20

                
	
                  SECTION
                    2.04.

                	
                  Letters
                    of Credit.

                	
                  23

                
	
                  SECTION
                    2.05.

                	
                  Fees.

                	
                  31

                
	
                  SECTION
                    2.06.

                	
                  Adjustment
                    of the Commitments; Borrower Submits.

                	
                  32

                
	
                  SECTION
                    2.07.

                	
                  Repayment
                    of Advances.

                	
                  33

                
	
                  SECTION
                    2.08.

                	
                  Interest
                    on Advances.

                	
                  34

                
	
                  SECTION
                    2.09.

                	
                  Additional
                    Interest on Advances.

                	
                  35

                
	
                  SECTION
                    2.10.

                	
                  Interest
                    Rate Determination.

                	
                  35

                
	
                  SECTION
                    2.11.

                	
                  Conversion
                    of Advances.

                	
                  36

                
	
                  SECTION
                    2.12.

                	
                  Prepayments.

                	
                  36

                
	
                  SECTION
                    2.13.

                	
                  Increased
                    Costs.

                	
                  38

                
	
                  SECTION
                    2.14.

                	
                  Illegality.

                	
                  39

                
	
                  SECTION
                    2.15.

                	
                  Payments
                    and Computations.

                	
                  39

                
	
                  SECTION
                    2.16.

                	
                  Taxes.

                	
                  41

                
	
                  SECTION
                    2.17.

                	
                  Sharing
                    of Payments, Etc.

                	
                  43

                
	
                  SECTION
                    2.18.

                	
                  Noteless
                    Agreement; Evidence of Indebtedness.

                	
                  43

                
	
                  SECTION
                    2.19.

                	
                  Extension
                    of Termination Date.

                	
                  44

                
	
                  SECTION
                    2.20.

                	
                  Several
                    Obligations.

                	
                  45

                
	 	 	 
	
                  ARTICLE
                    III

                
	
                  CONDITIONS
                    OF LENDING AND ISSUING LETTERS OF
                    CREDIT

                
	 	 	 
	
                  SECTION
                    3.01.

                	
                  Conditions
                    Precedent to Initial Extension of Credit.

                	
                  46

                
	
                  SECTION
                    3.02.

                	
                  Conditions
                    Precedent to Each Extension of Credit.

                	
                  47

                
	
                  SECTION
                    3.03.

                	
                  Conditions
                    Precedent to Conversions.

                	
                  48

                
	
                  SECTION
                    3.04.

                	
                  Conditions
                    Precedent to Extensions of Credit after December 31,
                    2005.

                	
                  49

                

        

         

         

        
          
            
            

          

          
            i

            
              

            

          

          
            
            

          

        

        
          	 	 	 
	
                  ARTICLE
                    IV

                
	
                  REPRESENTATIONS
                    AND WARRANTIES

                
	 	 	 
	
                  SECTION
                    4.01.

                	
                  Representations
                    and Warranties of the Borrowers.

                	
                  50

                
	 	 	 
	
                  ARTICLE
                    V

                
	
                  COVENANTS
                    OF THE BORROWERS

                
	 	 	 
	
                  SECTION
                    5.01.

                	
                  Affirmative
                    Covenants of the Borrowers.

                	
                  53

                
	
                  SECTION
                    5.02.

                	
                  Financial
                    Covenants of the Borrowers.

                	
                  57

                
	
                  SECTION
                    5.03.

                	
                  Negative
                    Covenants of the Borrowers.

                	
                  57

                
	 	 	 
	
                  ARTICLE
                    VI

                
	
                  EVENTS
                    OF DEFAULT

                
	 	 	 
	
                  SECTION
                    6.01.

                	
                  Events
                    of Default.

                	
                  59

                
	 	 	 
	
                  ARTICLE
                    VII

                
	
                  THE
                    ADMINISTRATIVE AGENT

                
	 	 	 
	
                  SECTION
                    7.01.

                	
                  Authorization
                    and Action.

                	
                  62

                
	
                  SECTION
                    7.02.

                	
                  Administrative
                    Agent’s Reliance, Etc.

                	
                  62

                
	
                  SECTION
                    7.03.

                	
                  CUSA,
                    Barclays and Affiliates.

                	
                  63

                
	
                  SECTION
                    7.04.

                	
                  Lender
                    Credit Decision.

                	
                  63

                
	
                  SECTION
                    7.05.

                	
                  Indemnification.

                	
                  63

                
	
                  SECTION
                    7.06.

                	
                  Successor
                    Administrative Agent.

                	
                  64

                
	 	 	 
	
                  ARTICLE
                    VIII

                
	
                  MISCELLANEOUS

                
	 	 	 
	
                  SECTION
                    8.01.

                	
                  Amendments,
                    Etc.

                	
                  64

                
	
                  SECTION
                    8.02.

                	
                  Notices,
                    Etc.

                	
                  65

                
	
                  SECTION
                    8.03.

                	
                  Electronic
                    Communications.

                	
                  66

                
	
                  SECTION
                    8.04.

                	
                  No
                    Waiver; Remedies.

                	
                  67

                
	
                  SECTION
                    8.05.

                	
                  Costs
                    and Expenses; Indemnification.

                	
                  67

                
	
                  SECTION
                    8.06.

                	
                  Right
                    of Set-off.

                	
                  69

                
	
                  SECTION
                    8.07.

                	
                  Binding
                    Effect.

                	
                  69

                
	
                  SECTION
                    8.08.

                	
                  Assignments
                    and Participations.

                	
                  69

                
	
                  SECTION
                    8.09.

                	
                  Governing
                    Law.

                	
                  73

                
	
                  SECTION
                    8.10.

                	
                  Consent
                    to Jurisdiction; Waiver of Jury Trial.

                	
                  73

                
	
                  SECTION
                    8.11.

                	
                  Severability.

                	
                  74

                
	
                  SECTION
                    8.12.

                	
                  Entire
                    Agreement.

                	
                  74

                
	
                  SECTION
                    8.13.

                	
                  Execution
                    in Counterparts.

                	
                  74

                

        

      

      

       

      
        
          
          

          ii

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

      
        	
                SCHEDULES
                  AND EXHIBITS

              	 	 
	 	 	 
	
                Schedule
                  I

              	
                -

              	
                List
                  of Commitments and Lending Offices

              
	
                Schedule
                  2.09(p)

              	
                -

              	
                Letters
                  of Credit

              
	 	 	 
	
                Exhibit A

              	
                -

              	
                Form
                  of Assignment and Acceptance 

              
	
                Exhibit B

              	
                -

              	
                Form
                  of Note 

              
	
                Exhibit
                  C

              	
                -

              	
                Form
                  of Guaranty

              
	
                Exhibit D

              	
                -

              	
                Form
                  of Notice of Pro-Rata Borrowing

              
	
                Exhibit
                  E

              	
                -

              	
                Form
                  of Notice of Swing Line Borrowing

              
	
                Exhibit
                  F

              	
                -

              	
                Form
                  of Letter of Credit Request 

              
	
                Exhibit
                  G

              	
                -

              	
                Form
                  of Opinion of Gary D. Benz, Esq.

              
	
                Exhibit
                  H

              	
                -

              	
                Form
                  of Opinion of Akin Gump Strauss Hauer & Feld
                  LLP

              
	
                Exhibit
                  I

              	
                -

              	
                Form
                  of Opinion of King & Spalding
                  LLP

              

      

      

      

      

      

      
        
          
          

          iii

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

      CREDIT
        AGREEMENT

      

      

      CREDIT
        AGREEMENT, dated as of June 14, 2005,
        among FIRSTENERGY CORP., an Ohio corporation (“FE”),
        FIRSTENERGY SOLUTIONS CORP., an Ohio corporation
        (“FES”), AMERICAN TRANSMISSION SYSTEMS, INCORPORATED,
        an Ohio corporation (“ATSI”), OHIO EDISON COMPANY, an
        Ohio corporation (“OE”), PENNSYLVANIA POWER COMPANY, a
        Pennsylvania corporation (“Penn”), THE CLEVELAND
        ELECTRIC ILLUMINATING COMPANY, an Ohio corporation
        (“CEI”), THE TOLEDO EDISON COMPANY, an Ohio
        corporation (“TE”), JERSEY CENTRAL POWER & LIGHT
        COMPANY, a New Jersey corporation (“JCP&L”),
        METROPOLITAN EDISON COMPANY, a Pennsylvania corporation
        (“Met-Ed”), and PENNSYLVANIA ELECTRIC COMPANY, a
        Pennsylvania corporation (“Penelec”, and together with
        FE, FES, ATSI, OE, Penn, CEI, TE, JCP&L and Met-Ed, the
“Borrowers”), the banks and other financial
        institutions (the “Banks”) listed on the signature
        pages hereof, Citicorp USA, Inc. (“CUSA”), as
        Administrative Agent (the “Administrative Agent”) for
        the Lenders hereunder, CUSA, as a fronting bank, Barclays Bank PLC
        (“Barclays”), as a fronting bank, the other fronting
        banks party hereto from time to time and the swing line lenders party hereto
        from time to time.

       

      

      PRELIMINARY
        STATEMENTS

      

      (1) The
        Borrowers have requested that the Lenders establish a
        five-year unsecured revolving credit facility in the amount of $2,000,000,000
        in
        favor of the Borrowers, all of which may be used for general corporate purposes
        and the entirety of which may be used for the issuance of Letters of
        Credit.

       

      (2) Subject
        to the terms and conditions of this Agreement,
        the Lenders severally, to the extent of their respective Commitments (as
        defined
        herein), are willing to establish the requested revolving credit facility
        in
        favor of the Borrowers.

       

      NOW,
THEREFORE,
        in consideration
        of the premises, the parties hereto agree as follows:

       

      ARTICLE
        I

      DEFINITIONS
        AND ACCOUNTING TERMS

       

      SECTION
        1.01. Certain Defined Terms.

       

      As
        used in this Agreement, the following terms shall have the
        following meanings (such meanings to be equally applicable to both the singular
        and plural forms of the terms defined):

       

      “Account
        Party”has the meaning set forth
        in Section 2.04(a).

       

      “Additional
        Lender” has the meaning set
        forth in Section 2.06(b).

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      “Administrative
        Agent” has the meaning
        set forth in the preamble hereto.

       

      “Advance”
        means a Pro-Rata Advance or a
        Swing Line Advance.

       

      “Affiliate”
        means, as
        to any Person, any other Person that, directly or indirectly, controls, is
        controlled by or is under common control with such Person or is a director
        or
        officer of such Person.

       

      “Agreement”
        means this Credit Agreement,
        as amended, modified and supplemented from time to time.

       

      “Alternate
        Base Rate”
        means, for any period, a fluctuating interest rate per annum as shall
        be in effect from time to time, which rate per annum shall at all times
        be equal to the higher of (i) the rate of interest announced publicly
        by
        Citibank in New York, New York, from time to time, as its “base rate” and
        (ii) the sum of 1/2 of 1% per annum plus the Federal Funds Rate in
        effect from time to time.

       

      “Alternate
        Base Rate Advance” means an
        Alternate Base Rate Pro-Rata Advance or an Alternate Base Rate Swing Line
        Advance.

       

      “Alternate
        Base Rate Pro-Rata Advance”
        means a Pro-Rata Advance that bears interest as provided in
        Section 2.08(a).

       

      “Alternate
        Base Rate Swing Line Advance”
        means a Swing Line Advance that bears interest as provided in Section
        2.08(c).

       

      “Applicable
        Law” means all applicable
        laws, statutes, treaties, rules, codes, ordinances, regulations, permits,
        certificates, orders, interpretations, licenses and permits of any Governmental
        Authority and judgments, decrees, injunctions, writs, orders or like action
        of
        any court, arbitrator or other judicial or quasi-judicial tribunal of competent
        jurisdiction (including those pertaining to health, safety or the environment
        or
        otherwise). 

       

      “Applicable
        Lending Office” means, with
        respect to each Lender, such Lender’s Domestic Lending Office in the case of an
        Alternate Base Rate Advance, and such Lender’s Eurodollar Lending Office in the
        case of a Eurodollar Rate Advance.

       

      “Applicable
        Margin” means, for any
        Alternate Base Rate Advance or any Eurodollar Rate Advance made to any Borrower,
        the interest rate per annum set forth in the relevant row of the table
        below, determined by reference to the Reference Ratings for such Borrower
        from
        time to time in effect:

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      
        	
                 

                BASIS
                  FOR PRICING

                 

              	
                 

                LEVEL
                  1

                 

                 

                Reference
                  Ratings at least A- by S&P or A3 by
                  Moody’s.

                 

              	
                 

                LEVEL
                  2

                 

                 

                Reference
                  Ratings lower than Level 1 but at least BBB+ by
                  S&P or Baa1 by Moody’s.

                 

              	
                 

                LEVEL
                  3

                 

                 

                Reference
                  Ratings of lower than Level 2 but at least BBB by
                  S&P or Baa2 by Moody’s.

                 

              	
                 

                LEVEL
                  4

                 

                 

                Reference
                  Ratings lower than Level 3 but at least BBB- by
                  S&P and Baa3 by Moody’s.

                 

              	
                 

                LEVEL
                  5

                 

                 

                Reference
                  Ratings lower than Level 3 but at least BBB- by
                  S&P or Baa3 by Moody’s.

                 

              	
                 

                LEVEL
                  6

                 

                 

                Reference
                  Ratings lower than Level 4 but at least BB+ by
                  S&P or Ba1 by Moody’s.

                 

              	
                 

                LEVEL
                  7

                 

                 

                Reference
                  Ratings lower than BB+ by S&P and Ba1 by
                  Moody’s or no Reference Rating exists.

                 

              
	
                 

                Applicable
                  Margin for Eurodollar Rate Advances

                 

              	
                 

                0.270%

                 

              	
                 

                0.350%

                 

              	
                 

                0.425%

                 

              	
                 

                0.500%

                 

              	
                 

                0.575%

                 

              	
                 

                0.675%

                 

              	
                 

                0.825%

                 

              
	
                 

                Applicable
                  Margin for Alternate Base Rate Advances

                 

              	
                 

                0%

                 

              	
                 

                0%

                 

              	
                 

                0%

                 

              	
                 

                0%

                 

              	
                 

                0%

                 

              	
                 

                0%

                 

              	
                 

                0%

                 

              
	
                 

                Utilization
                  Fee

                 

              	
                 

                0.100%

                 

              	
                 

                0.100%

                 

              	
                 

                0.100%

                 

              	
                 

                0.100%

                 

              	
                 

                0.100%

                 

              	
                 

                0.125%

                 

              	
                 

                0.125%

                 

              

      

       

      provided,
        that the Applicable Margin shall be increased
        by the rate per annum set forth above in the row captioned “Utilization
        Fee” that corresponds to the Reference Ratings Level used to determine the
        Applicable Margin during any period in which the total amount of Outstanding
        Credits is greater than one-half of the aggregate amount of the Commitments.
        

       

      For
        purposes of the foregoing, (i) if there is a difference of one
        level in Reference Ratings of S&P and Moody’s and the higher of such
        Reference Ratings falls in Level 1, Level 2, Level 3, Level 5 or Level 6,
        then
        the higher Reference Rating will be used to determine the pricing level and
        (ii)
        if there is a difference of more than one level in Reference Ratings of S&P
        and Moody’s, the Reference Rating that is one level above the lower of such
        Reference Ratings will be used to determine the pricing level, unless the
        lower
        of such Reference Ratings falls in Level 7, in which case the lower of such
        Reference Ratings will be used to determine the pricing level. If there exists
        only one Reference Rating, such Reference Rating will be used to determine
        the
        pricing level. 

       

      “Approval”
        means: (i) with respect to
        FE, the FE SEC Order; (ii) with respect to ATSI, the ATSI SEC Order; (iii)
        with
        respect to OE, the OE PUCO Order; (iv) with respect to Penn, the Penn SEC
        Order,
        subject to any borrowing limitations contained in the Organizational Documents
        of Penn; (v) with respect to CEI, the CEI PUCO Order; (vi) with respect to
        TE,
        the TE PUCO Order; (vii) with respect to JCP&L, the JCP&L SEC Order,
        subject to any borrowing limitations contained in the Organizational Documents
        of JCP&L; (viii) with respect to Met-Ed, the Met-Ed SEC Order; and (ix) with
        respect to Penelec, the Penelec SEC Order.

       

      “Assignment
        and Acceptance” means an
        assignment and acceptance entered into by a Lender and an Eligible Assignee,
        and
        accepted by the Administrative Agent, in substantially the form of
        Exhibit A hereto.

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      “ATSI”
        has the meaning set forth in the
        preamble hereto.

       

      “ATSI
        SEC
        Order” means the order of the SEC that
        authorizes ATSI to obtain Extensions of Credit until December 31, 2005 and
        to
        perform its obligations under this Agreement.

       

      “ATSI
        Supplemental SEC Order” means any
        order of the SEC that authorizes ATSI to obtain Extensions of Credit after
        December 31, 2005 and to perform its obligations under this Agreement.

       

      “Available
        Commitment” means, for each
        Lender, the excess of such Lender’s Commitment over such Lender’s Percentage of
        the Outstanding Credits. “Available Commitments” shall refer to the aggregate of
        the Lenders’ Available Commitments hereunder.

       

      “Bankruptcy
        Code” means the Bankruptcy
        Reform Act of 1978, as amended from time to time, and any Federal law with
        respect to bankruptcy, insolvency, reorganization, liquidation, moratorium
        or
        similar laws affecting creditors’ rights generally.

       

      “Banks”
        has the meaning set forth in the
        preamble hereto.

       

      “Barclays”
        has the meaning set forth in
        the preamble hereto. 

       

      “Beneficiary”
        means any Person
        designated by an Account Party to whom a Fronting Bank is to make payment,
        or on
        whose order payment is to be made, under a Letter of Credit.

       

      “Borrower”
        has the meaning set forth in
        the preamble hereto and, as the context may require, includes FE in its capacity
        as guarantor under any Guaranty.

       

      “Borrower
        Sublimit” means: (i) with
        respect to FE, $2,000,000,000, (ii) with respect to FES, $0 (unless and until
        increased pursuant to Section 2.06(c)), (iii) with respect to ATSI, $0 (unless
        and until increased pursuant to Section 2.06(c)), (iv) with respect to OE,
        $500,000,000, (v) with respect to Penn, $50,000,000, (vi) with respect to
        CEI,
        $250,000,000, (vii) with respect to TE, $250,000,000, (viii) with respect
        to
        JCP&L, $425,000,000, (ix) with respect to Met-Ed, $250,000,000, and (x) with
        respect to Penelec, $250,000,000.

       

      “Borrowing”
        means a Pro-Rata Borrowing
        or a Swing Line Borrowing.

       

      “Business
        Day” means a day of the year
        on which banks are not required or authorized to close in New York City or
        Akron, Ohio and, if the applicable Business Day relates to any Eurodollar
        Rate
        Advances, on which dealings are carried on in the London interbank market.

       

      “CEI”
        has the meaning set forth in the
        preamble hereto.

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      “CEI
        PUCO Order” means the order of the
        PUCO that authorizes CEI to obtain Extensions of Credit until December 31,
        2005
        and to perform its obligations under this Agreement.

       

      “CEI
        Supplemental PUCO Order” means any
        order of the PUCO that authorizes CEI to obtain Extensions of Credit after
        December 31, 2005 and to perform its obligations under this Agreement.

       

      “Change
        of Control” has the meaning set
        forth in Section 6.01(j).

       

      “Citibank”
        means Citibank, N.A. and its
        successors.

       

      “Code”
        means the United States Internal
        Revenue Code of 1986, as amended from time to time, and the applicable
        regulations thereunder.

       

      “Commitment”
        means, as to any Lender,
        the amount set forth opposite such Lender’s name on Schedule I hereto or,
        if such Lender has entered into any Assignment and Acceptance, set forth
        for
        such Lender in the Register maintained by the Administrative Agent pursuant
        to
        Section 8.08(c), as such amount may be reduced pursuant to
        Section 2.06.

       

      “Commitment
        Increase” has the meaning
        set forth in Section 2.06(b).

       

      “Consolidated
        Debt” means, with respect
        to any Borrower at any date of determination the aggregate Indebtedness of
        such
        Borrower and its Consolidated Subsidiaries determined on a consolidated basis
        in
        accordance with GAAP, but shall not include (i) Nonrecourse Indebtedness
        of
        such Borrower and any of its Subsidiaries, (ii) the aggregate principal
        amount of Trust Preferred Securities of such Borrower and its Consolidated
        Subsidiaries, (iii) obligations under leases that shall have been
        or should
        be, in accordance with GAAP, recorded as operating leases in respect of which
        such Borrower or any of its Consolidated Subsidiaries is liable as a lessee,
        and
        (iv) the aggregate principal amount of Stranded Cost Securitization
        Bonds
        of such Borrower and its Consolidated Subsidiaries.

       

      “Consolidated
        Subsidiary” means, as to
        any Person, any Subsidiary of such Person the accounts of which are or are
        required to be consolidated with the accounts of such Person in accordance
        with
        GAAP.

       

      “Controlled
        Group” means all members of
        a controlled group of corporations and all trades or businesses (whether
        or not
        incorporated) under common control that, together with any Borrower and its
        Subsidiaries, are treated as a single employer under Section 414(b) or
        414(c) of the Code.

       

      “Convert”,
        “Conversion” and “Converted”
        each refers to a conversion of Pro-Rata Advances of one Type into Pro-Rata
        Advances of another Type or the selection of a new, or the renewal of the
        same,
        Interest Period for Pro-Rata Eurodollar Rate Advances pursuant to
        Section 2.10 or 2.11.

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      “Cost
        of Funds Swing Line Advance” means
        a Swing Line Advance that bears interest as provided in Section 2.08(e).

       

      “CUSA”
        has the meaning set forth in the
        preamble hereto.

       

      “Date
        of Issuance” means the date of
        issuance by a Fronting Bank of a Letter of Credit under this Agreement.

       

      “Debt
        to Capitalization Ratio” means,
        for any Borrower, the ratio of Consolidated Debt of such Borrower to Total
        Capitalization of such Borrower.

       

      “Domestic
        Lending Office” means, with
        respect to any Lender, the office of such Lender specified as its “Domestic
        Lending Office” opposite its name on Schedule I hereto or in the Assignment
        and Acceptance pursuant to which it became a Lender, or such other office
        of
        such Lender as such Lender may from time to time specify to the Administrative
        Agent.

       

      “Drawing”
        means a drawing by a
        Beneficiary under any Letter of Credit.

       

      “Eligible
        Assignee” means (i) a
        commercial bank organized under the laws of the United States, or any State
        thereof; (ii) a commercial bank organized under the laws of any other
        country that is a member of the OECD or has concluded special lending
        arrangements with the International Monetary Fund associated with its “General
        Arrangements to Borrow”, or a political subdivision of any such country,
provided that such bank is acting through a branch or agency located in
        the United States; (iii) a finance company, insurance company or other
        financial institution or fund (whether a corporation, partnership or other
        entity) engaged generally in making, purchasing or otherwise investing in
        commercial loans in the ordinary course of its business; (iv) the
        central
        bank of any country that is a member of the OECD; or (v) any Bank;
        provided, however, that (A) any Person described in
        clause (i), (ii), (iii) or (iv) above shall also (x) have
        outstanding unsecured indebtedness that is rated A- or better by S&P or A3
        or better by Moody’s (or an equivalent rating by another nationally recognized
        credit rating agency of similar standing if neither of such corporations
        is in
        the business of rating unsecured indebtedness of entities engaged in such
        businesses) and (y) have combined capital and surplus (as established
        in
        its most recent report of condition to its primary regulator, if applicable)
        of
        not less than $250,000,000 (or its equivalent in foreign currency), (B) any
        Person described in clause (ii), (iii) or (iv) above shall,
        on the
        date on which it is to become a Lender hereunder, be entitled to receive
        payments hereunder without deduction or withholding of any United States
        Federal
        income taxes (as contemplated by Section 2.16(d)) and (C) any
        Person
        described in clause (i), (ii), (iii) or (iv) above shall, in
        addition,
        be reasonably acceptable to the Administrative Agent, the Swing Line Lenders
        and
        the Fronting Banks.

       

      “Environmental
        Laws” means any federal,
        state or local laws, ordinances or codes, rules, orders, or regulations relating
        to pollution or protection of the environment, including, without limitation,
        laws relating to hazardous substances, laws relating to reclamation of land
        and
        waterways and laws relating to emissions, discharges, releases or threatened
        releases of pollutants, contaminants, chemicals, or industrial, toxic or
        hazardous substances or wastes into the environment (including, without
        limitation, ambient air, surface water, ground water, land surface or subsurface
        strata) or otherwise relating to the manufacture, processing, distribution,
        use,
        treatment, storage, disposal, transport or handling of pollution, contaminants,
        chemicals, or industrial, toxic or hazardous substances or wastes.

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      “ERISA”
        means the Employee Retirement
        Income Security Act of 1974, and the regulations promulgated and rulings
        issued thereunder, each as amended, modified and in effect from time to
        time.

       

      “Eurocurrency
        Liabilities” has the
        meaning assigned to that term in Regulation D of the Board of Governors of
        the
        Federal Reserve System, as in effect from time to time.

       

      “Eurodollar
        Lending Office” means, with
        respect to any Lender, the office of such Lender specified as its “Eurodollar
        Lending Office” opposite its name on Schedule I hereto or in the Assignment
        and Acceptance pursuant to which it became a Lender (or, if no such office
        is
        specified, its Domestic Lending Office), or such other office of such Lender
        as
        such Lender may from time to time specify to the Administrative Agent.

       

      “Eurodollar
        Rate” means, for the
        Interest Period for any Eurodollar Rate Advance made in connection with any
        Borrowing, the interest rate per annum at which eurodollar deposits are
        offered in the London interbank market for a term equivalent to such Interest
        Period determined by reference to Telerate page 3750 at 11:00 a.m. (London
        time)
        two Business Days before the first day of such Interest Period for a period
        equal to such Interest Period. If such rate is not available at such time
        for
        any reason, then the “Eurodollar Rate” for such Interest Period shall be the
        rate per annum determined by the Administrative Agent to be the rate at which
        deposits in dollars for delivery on the first day of such Interest Period
        in
        same day funds in the approximate amount of (i) the Eurodollar Rate Advance
        being made, continued or converted by CUSA in connection with such Borrowing
        (if
        such Borrowing is a Pro-Rata Borrowing) or (ii) such Borrowing (if such
        Borrowing is a Swing Line Borrowing), and with a term equivalent to such
        Interest Period would be offered by Citibank, N.A.’s London branch to major
        banks in the London interbank eurodollar market at their request at
        approximately 11:00 a.m. (London time) two Business Days prior to the
        commencement of such Interest Period.

       

      “Eurodollar
        Rate Advance” means a
        Eurodollar Rate Pro-Rata Advance or a Eurodollar Rate Swing Line Advance.

       

      “Eurodollar
        Rate Pro-Rata Advance” means
        a Pro-Rata Advance that bears interest as provided in
        Section 2.08(b).

       

      “Eurodollar
        Rate Reserve Percentage” of
        any Lender for the Interest Period for any Eurodollar Rate Advance means
        the
        reserve percentage applicable during such Interest Period (or if more than
        one
        such percentage shall be so applicable, the daily average of such percentages
        for those days in such Interest Period during which any such percentage shall
        be
        so applicable) under regulations issued from time to time by the Board of
        Governors of the Federal Reserve System (or any successor) for determining
        the
        maximum reserve requirement (including, without limitation, any emergency,
        supplemental or other marginal reserve requirement) for such Lender with
        respect
        to liabilities or assets consisting of or including Eurocurrency Liabilities
        having a term equal to such Interest Period.

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      “Eurodollar
        Rate Swing Line Advance”
        means an Advance that bears interest as provided in Section 2.08(d).

       

      “Event
        of Default” has the meaning set
        forth in Section 6.01.

       

      “Exchange
        Act” means the Securities
        Exchange Act of 1934, and the regulations promulgated thereunder, in each
        case
        as amended and in effect from time to time.

       

      “Existing
        Credit Agreements” means (i)
        the $125 Million 3 Year Credit Agreement, dated as of October 23, 2003, among
        OE, the banks party thereto, and Citibank, as administrative agent, (ii)
        the
        $375 Million 3 Year Credit Agreement, dated as of October 23, 2003, among
        FE,
        the banks party thereto, Citibank, as administrative agent, and Bank One,
        NA, as
        fronting bank, and (iii) the $1 Billion 3 Year Credit Agreement, dated
        as
        of June 22, 2004, among FE, the banks party thereto, Citibank, as administrative
        agent, and CUSA and Barclays, as fronting banks.

       

      “Expiration
        Date” means, with respect to
        a Letter of Credit, its stated expiration date.

       

      “Extension
        of Credit” means
        the making of any Advance or the issuance or amendment (including, without
        limitation, an extension or renewal) of a Letter of Credit.

       

      “FE”
        has the meaning set forth in the
        preamble hereto.

       

      “Federal
        Funds Rate” means, for any
        period, a fluctuating interest rate per annum equal for each day during such
        period to the weighted average of the rates on overnight Federal funds
        transactions with members of the Federal Reserve System arranged by Federal
        funds brokers, as published for such day (or, if such day is not a Business
        Day,
        for the next preceding Business Day) by the Federal Reserve Bank of New York,
        or, if such rate is not so published for any day that is a Business Day,
        the
        average (rounded upward to the nearest whole multiple of 1/100 of 1% per
        annum,
        if such average is not such a multiple) of the quotations for such day on
        such
        transactions received by the Administrative Agent from three Federal funds
        brokers of recognized standing selected by it.

       

      “Fee
        Letter” means that certain letter
        agreement, dated May 16, 2005, among FE, CUSA, Citigroup Global Markets Inc.,
        Barclays and Barclays Capital.

       

      “FES”
        has the meaning set forth in
        the preamble hereto.

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      “FE
        SEC
        Order” means the order of the SEC that
        authorizes FE to obtain Extensions of Credit until December 31, 2005 and
        to
        perform its obligations under this Agreement.

       

      “FE
        Supplemental SEC Order” means any
        order of the SEC that authorizes FE to obtain Extensions of Credit after
        December 31, 2005 and to perform its obligations under this Agreement.

       

      “FirstEnergy
        Fixed Charge Ratio” means
        the ratio of (i) the sum of (A) consolidated net income before
        extraordinary items of FE and its Consolidated Subsidiaries for the twelve-month
        period ended on the last day of each fiscal quarter of FE, plus
        (B) depreciation, amortization, dividends paid on preferred stock
        of
        subsidiaries, interest expense, amounts paid on Trust Preferred Securities
        and
        Federal income taxes deducted in determining such net income, plus
        (C) the interest element of rental payments deducted in determining
        such
        net income under operating lease obligations of FE and its Consolidated
        Subsidiaries during such twelve-month period, plus (D) all other
        non-cash charges constituting operating expenses deducted in determining
        such
        net income to (ii) the sum of (A) all interest expense (excluding
        the
        amount of any allowance for funds used during construction and amounts paid
        on
        Trust Preferred Securities) in respect of Indebtedness of FE and its
        Consolidated Subsidiaries during such twelve-month period, plus
        (B) the interest element of rental payments deducted in determining
        net
        income under operating lease obligations of FE and its Consolidated Subsidiaries
        during such twelve-month period.

       

      “First
        Mortgage Indenture” means, with
        respect to any Significant Subsidiary, an indenture or similar instrument
        pursuant to which such Person may issue bonds, notes or similar instruments
        secured by a lien on all or substantially all of such Person’s fixed
        assets.

       

      “Fraction”
        means, for any Borrower at
        any time, a fraction, the numerator of which shall be the Borrower Sublimit
        of
        such Borrower at such time, and the denominator of which shall be the sum
        of the
        Borrower Sublimits of all Borrowers at such time.

       

      “Fronting
        Bank” means CUSA, Barclays and
        any other Lender (in each case, acting directly or through an Affiliate)
        that
        delivers an instrument in form and substance satisfactory to the Borrowers
        and
        the Administrative Agent whereby such other Lender (or its Affiliate) agrees
        to
        act as “Fronting Bank” hereunder and that specifies the maximum aggregate Stated
        Amount of Letters of Credit that such other Lender (or its Affiliates) will
        agree to issue hereunder.

       

      “Fronting
        Bank Fee Letter” has the
        meaning set forth in Section 3.01(b).

       

      “GAAP”
        means generally accepted
        accounting principles in the United States in effect from time to time.

       

      “Generation
        Transfers” has the meaning
        set forth in Section 5.03(a).

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      “Governmental
        Action” means all
        authorizations, consents, approvals, waivers, exceptions, variances, orders,
        licenses, exemptions, publications, filings, notices to and declarations
        of or
        with any Governmental Authority (other than routine reporting requirements
        the
        failure to comply with which will not affect the validity or enforceability
        of
        any Loan Document or have a material adverse effect on the transactions
        contemplated by any Loan Document or any material rights, power or remedy
        of any
        Person thereunder or any other action in respect of any Governmental
        Authority).

       

      “Governmental
        Authority” means any
        Federal, state, county, municipal, foreign, international, regional or other
        governmental authority, agency, board, body, instrumentality or court.

       

      “Guaranty”
        means a guaranty by FE
        substantially in the form of Exhibit C hereto.

       

      “Hostile
        Acquisition” means any
        Target Acquisition (as defined below) involving a tender offer or proxy contest
        that has not been recommended or approved by the board of directors (or similar
        governing body) of the Person that is the subject of such Target Acquisition
        prior to the first public announcement or disclosure relating to such Target
        Acquisition. As used in this definition, the term “Target Acquisition” means any
        transaction, or any series of related transactions, by which any Person directly
        or indirectly (i) acquires all or substantially all of the assets
        or
        ongoing business of any other Person, whether through purchase of assets,
        merger
        or otherwise, (ii) acquires (in one transaction or as the most recent
        transaction in a series of transactions) control of at least a majority in
        ordinary voting power of the securities of any such Person that have ordinary
        voting power for the election of directors or (iii) otherwise acquires
        control of more than a 50% ownership interest in any such Person.

       

      “Increasing
        Lender” has the meaning set
        forth in Section 2.06(b).

       

      “Indebtedness”
        of any Person means at
        any date, without duplication, (i) all obligations of such Person
        for
        borrowed money, or with respect to deposits or advances of any kind, or for
        the
        deferred purchase price of property or services, (ii) all obligations
        of
        such Person evidenced by bonds, debentures, notes or similar instruments,
        (iii) all obligations of such Person upon which interest charges are
        customarily paid, (iv) all obligations under leases that shall have
        been or
        should be, in accordance with GAAP, recorded as capital leases in respect
        of
        which such Person is liable as lessee, (v) liabilities in respect
        of
        unfunded vested benefits under Plans, (vi) withdrawal liability incurred
        under ERISA by such Person or any of its affiliates to any Multiemployer
        Plan,
        (vii) reimbursement obligations of such Person (whether contingent
        or
        otherwise) in respect of letters of credit, bankers acceptances, surety or
        other
        bonds and similar instruments, (viii) all Indebtedness of others secured
        by
        a Lien on any asset of such Person, whether or not such Indebtedness is assumed
        by such Person and (ix) obligations of such Person under direct or
        indirect
        guaranties in respect of, and obligations (contingent or otherwise) to purchase
        or otherwise acquire, or otherwise to assure a creditor against loss in respect
        of, indebtedness or obligations of others of the kinds referred to above.

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

      “Interest
        Period” means, for each
        Eurodollar Rate Advance made to any Borrower as part of the same Borrowing,
        the
        period commencing on the date of such Eurodollar Rate Advance or the date
        of the
        Conversion of any Pro-Rata Advance into such Eurodollar Rate Pro-Rata Advance
        and ending on the last day of the period selected by such Borrower pursuant
        to
        the provisions below and, thereafter in the case of Pro-Rata Advances, each
        subsequent period commencing on the last day of the immediately preceding
        Interest Period and ending on the last day of the period selected by such
        Borrower pursuant to the provisions below. The duration of each such Interest
        Period shall be (i) in the case of any Eurodollar Rate Pro-Rata Advance,
        one,
        two or three weeks or one, two, three or six months, or (ii) in the case
        of any
        Eurodollar Rate Swing Line Advance or Cost of Funds Swing Line Advance, a
        period
        of not more than 10 days, in each case as the relevant Borrower may select
        by
        notice to the Administrative Agent pursuant to Section 2.02(a), 2.03(b)
        or
        Section 2.11(a); provided, however, that:

       

      (i) no
        Borrower may select any Interest Period that ends
        after the latest Termination Date;

       

      (ii) Interest
        Periods commencing on the same date for
        Advances made as part of the same Borrowing shall be of the same duration;
        

       

      (iii) no
        more than fifteen different Interest Periods shall
        apply to outstanding Pro-Rata Eurodollar Rate Advances on any date of
        determination; and

       

      (iv) whenever
        the last day of any Interest Period would
        otherwise occur on a day other than a Business Day, the last day of such
        Interest Period shall be extended to occur on the next succeeding Business
        Day,
provided, that if such extension would cause the last day of such
        Interest Period to occur in the next following calendar month, the last day
        of
        such Interest Period shall occur on the next preceding Business Day.

       

      “JCP&L”
        has the meaning set forth in
        the preamble hereto.

       

      “JCP&L
        SEC
        Order” means the order of the SEC that
        authorizes JCP&L to obtain Extensions of Credit until December 31, 2005 and
        to perform its obligations under this Agreement.

       

      “JCP&L
        Supplemental SEC Order” means
        any order of the SEC that authorizes JCP&L to obtain Extensions of Credit
        after December 31, 2005 and to perform its obligations under this
        Agreement.

       

      “L/C
        Commitment Amount” means
        $2,000,000,000 as the same may be reduced permanently from time to time pursuant
        to Section 2.06 hereof.

       

      “Lenders”
        means the Banks listed on the
        signature pages hereof and each Eligible Assignee that shall become a party
        hereto pursuant to Section 8.08 and, as the context requires, includes
        the
        Swing Line Lenders.

       

      “Letter
        of Credit” has the meaning set
        forth in Section 2.04(a).

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      “Letter
        of Credit Cash Cover” has the
        meaning set forth in Section 6.01.

       

      “Letter
        of Credit Request” has the
        meaning set forth in Section 2.04(c).

       

      “Lien”
        means, with respect to any asset,
        any mortgage, lien, pledge, charge, security interest or encumbrance of any
        kind
        in respect of such asset. For the purposes of this Agreement, a Person or
        any of
        its Subsidiaries shall be deemed to own, subject to a Lien, any asset that
        it
        has acquired or holds subject to the interest of a vendor or lessor under
        any
        conditional sale agreement, capital lease or other title retention agreement
        relating to such asset.

       

      “Loan
        Documents” means this Agreement,
        any Note, any Guaranty, the Fee Letter and any Fronting Bank Fee Letter.

       

      “Majority
        Lenders” means, at any time
        prior to the Termination Date, Lenders having in the aggregate more than
        50% of
        the Commitments (without giving effect to any termination in whole of the
        Commitments pursuant to Section 6.01) and at any time on or after
        the
        Termination Date, Lenders having more than 50% of the then aggregate Outstanding
        Credits of the Lenders; provided, that for purposes hereof, no
        Borrower, nor any of its Affiliates, if a Lender, shall be included in
        (i) the Lenders having such amount of the Commitments or the Advances
        or
        (ii) determining the total amount of the Commitments or the Outstanding
        Credits.

       

      “Margin
        Stock” has the meaning assigned
        to that term in Regulation U issued by the Board of Governors of the
        Federal Reserve System, and as amended and in effect from time to time.

       

      “Met-Ed”
        has the meaning set forth in
        the preamble hereto.

       

      “Met-Ed
        SEC
        Order” means the order of the SEC that
        authorizes Met-Ed to obtain Extensions of Credit until December 31, 2005
        and to
        perform its obligations under this Agreement.

       

      “Met-Ed
        Supplemental SEC Order” means
        any order of the SEC that authorizes Met-Ed to obtain Extensions of Credit
        after
        December 31, 2005 and to perform its obligations under this Agreement.

       

      “Moody’s”
        means Moody’s Investors
        Service, Inc. or any successor thereto.

       

      “Multiemployer
        Plan” means a
“multiemployer plan” as defined in Section 4001(a)(3) of ERISA.

       

      “Nonrecourse
        Indebtedness” means any
        Indebtedness that finances the acquisition, development, ownership or operation
        of an asset in respect of which the Person to which such Indebtedness is
        owed
        has no recourse whatsoever to any Borrower or any of its Affiliates other
        than:

       

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

      
        	 	
                (i)

              	
                recourse
                  to the named obligor with respect to such
                  Indebtedness (the “Debtor”) for amounts limited
                  to the cash flow or net cash flow (other than historic cash flow)
                  from the
                  asset; and

              

      

       

      
        	 	
                (ii)

              	
                recourse
                  to the Debtor for the purpose only of enabling
                  amounts to be claimed in respect of such Indebtedness in an enforcement
                  of
                  any security interest or lien given by the Debtor over the asset
                  or the
                  income, cash flow or other proceeds deriving from the asset (or
                  given by
                  any shareholder or the like in the Debtor over its shares or like
                  interest
                  in the capital of the Debtor) to secure the Indebtedness, but only
                  if the
                  extent of the recourse to the Debtor is limited solely to the amount
                  of
                  any recoveries made on any such enforcement;
                  and

              

      

       

      
        	 	
                (iii)

              	
                recourse
                  to the Debtor generally or indirectly to any
                  Affiliate of the Debtor, under any form of assurance, undertaking
                  or
                  support, which recourse is limited to a claim for damages (other
                  than
                  liquidated damages and damages required to be calculated in a specified
                  way) for a breach of an obligation (other than a payment obligation
                  or an
                  obligation to comply or to procure compliance by another with any
                  financial ratios or other tests of financial condition) by the
                  Person
                  against which such recourse is available.

              

      

       

      “Nonconsenting
        Lender” has the meaning
        set forth in Section 2.19(d) hereof.

       

      “Note”
        means any promissory note issued
        at the request of a Lender pursuant to Section 2.18 in the form of
        Exhibit B hereto.

       

      “Notice
        of Pro-Rata Borrowing” means a
        notice of a Pro-Rata Borrowing pursuant to Section 2.02(a), which shall be
        substantially in the form of Exhibit D.

       

      “Notice
        of Swing Line Borrowing” means a
        notice of a Swing Line Borrowing pursuant to Section 2.03 which, if in writing,
        shall be substantially in the form of Exhibit E.

       

      “OE”
        has the meaning set forth in the
        preamble hereto.

       

      “OECD”
        means the Organization for
        Economic Cooperation and Development.

       

      “OE
        PUCO Order” means the order of the
        PUCO that authorizes OE to obtain Extensions of Credit until December 31,
        2005
        and to perform its obligations under this Agreement.

       

      “OE
        Supplemental PUCO Order” means any
        order of the PUCO that authorizes OE to obtain Extensions of Credit after
        December 31, 2005 and to perform its obligations under this Agreement.

       

      “Organizational
        Documents” shall mean,
        as applicable to any Person, the charter, code of regulations, articles of
        incorporation, by-laws, certificate of formation, operating agreement,
        certificate of partnership, partnership agreement, certificate of limited
        partnership, limited partnership agreement or other constitutive documents
        of
        such Person.

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

      “Other
        Taxes” has the meaning set forth
        in Section 2.16(b).

       

      “Outstanding
        Credits” means, on any date of
        determination, an amount equal to (i) the aggregate principal amount of all
        Advances outstanding on such date plus (ii) the aggregate undrawn
        amount of all issued Letters of Credit outstanding on such date plus
        (iii) the aggregate amount of Reimbursement Obligations outstanding on such
        date
        (exclusive of Reimbursement Obligations that, on such date of determination,
        are
        repaid with the proceeds of Advances made in accordance with Section 2.04
        (f)
        and (g), to the extent the principal amount of such Advances is included
        in the
        determination of the aggregate principal amount of all outstanding Advances
        as
        provided in clause (i) of this definition). The “Outstanding Credits” of a
        Lender on any date of determination shall be an amount equal to the outstanding
        Advances made by such Lender plus the amount of such Lender’s
        participation interest in outstanding Letters of Credit, Reimbursement
        Obligations and Swing Line Advances included in the definition of “Outstanding
        Credits”.

       

      “Payment
        Date” means the date on which
        payment of a Drawing is made by a Fronting Bank.

       

      “PBGC”
        means the Pension Benefit
        Guaranty Corporation and any entity succeeding to any or all of its functions
        under ERISA.

       

      “Penelec
        SEC
        Order” means the order of the SEC that
        authorizes Penelec to obtain Extensions of Credit until December 31, 2005
        and to
        perform its obligations under this Agreement.

       

      “Penelec
        Supplemental SEC Order” means
        any order of the SEC that authorizes Penelec to obtain Extensions of Credit
        after December 31, 2005 and to perform its obligations under this
        Agreement.

       

      “Penn
        SEC
        Order” means the order of the SEC that
        authorizes Penn to obtain Extensions of Credit until December 31, 2005 and
        to
        perform its obligations under this Agreement.

       

      “Penn
        Supplemental SEC Order” means any
        order of the SEC that authorizes Penn to obtain Extensions of Credit after
        December 31, 2005 and to perform its obligations under this Agreement.

       

      “Percentage”
        means, in respect of any
        Lender on any date of determination, the percentage obtained by dividing
        such
        Lender’s Commitment on such day by the total of the Commitments on such day, and
        multiplying the quotient so obtained by 100%.

       

      “Person”
        means an individual,
        partnership, corporation (including a business trust), limited liability
        company, joint stock company, trust, unincorporated association, joint venture
        or other entity, or a government or any political subdivision or agency
        thereof.

       

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

      “Plan”
        means, at any time, an employee
        pension benefit plan that is covered by Title IV of ERISA or subject
        to the
        minimum funding standards under Section 412 of the Code and is either
        (i) maintained by a member of the Controlled Group for employees of
        a
        member of the Controlled Group or (ii) maintained pursuant to a collective
        bargaining agreement or any other arrangement under which more than one employer
        makes contributions and to which a member of the Controlled Group is then
        making
        or accruing an obligation to make contributions or has within the preceding
        five
        plan years made contributions.

       

      “Penn” means
        Pennsylvania Power Company, a Pennsylvania corporation.

       

      “Pro-Rata
        Advance” means an advance by a
        Lender to any Borrower as part of a Pro-Rata Borrowing pursuant to Section
        2.01
        and refers to an Alternate Base Rate Pro-Rata Advance or a Eurodollar Rate
        Pro-Rata Advance, each of which shall be a “Type” of
        Pro-Rata Advance, subject to Conversion pursuant to Section 2.10 or
        2.11.

       

      “Pro-Rata
        Borrowing” means a borrowing
        consisting of simultaneous Pro-Rata Advances of the same Type made by each
        of
        the Lenders pursuant to Section 2.01 or Converted pursuant to Section 2.10
        or
        2.11.

       

      “PUCO”
        means The Public Utilities
        Commission of Ohio or any successor thereto.

       

      “Reference
        Ratings” means, with respect
        to any Borrower, the ratings assigned by S&P and Moody’s to the senior
        unsecured non-credit enhanced debt of such Borrower; provided that, if
        there is no such rating, “Reference Ratings” shall mean the ratings that are one
        level below the ratings assigned by S&P and Moody’s to the senior secured
        debt of such Borrower.

       

      “Register”
        has the meaning set forth in
        Section 8.08(c).

       

      “Reimbursement
        Obligation” means the
        obligation of each Borrower to reimburse a Fronting Bank for any Drawing
        paid by
        such Fronting Bank pursuant to Section 2.04(g).

       

      “S&P”
        means Standard & Poor’s
        Ratings Services, a division of The McGraw-Hill Companies, Inc., or any
        successor thereto.

       

      “SEC”
        means the United States Securities
        and Exchange Commission or any successor thereto.

       

      “Significant
        Subsidiaries” means
        (i) each regulated energy Subsidiary of FE, including, but not limited
        to,
        OE, Penn, CEI, TE, JCP&L, Met-Ed and Penelec, and any successor to any of
        them, (ii) FES and ATSI, and (iii)  each other Subsidiary of FE the
        annual
        revenues of which exceed $100,000,000 or the total assets of which exceed
        $50,000,000. 

       

      
        
          
          

        

        
          15

          
            

          

        

        
          
          

        

      

      “Stated
        Amount” means the maximum amount
        available to be drawn by a Beneficiary under a Letter of Credit.

       

      “Stranded
        Cost Securitization Bonds”
        means any instruments, pass-through certificates, notes, debentures,
        certificates of participation, bonds, certificates of beneficial interest
        or
        other evidences of indebtedness or instruments evidencing a beneficial interest
        that are secured by or otherwise payable from non-bypassable cent per kilowatt
        hour charges authorized pursuant to an order of a state commission regulating
        public utilities to be applied and invoiced to customers of such utility.
        The
        charges so applied and invoiced must be deducted and stated separately from
        the
        other charges invoiced by such utility against its customers.

       

      “Subsidiary”
        means, with respect to any
        Person, any corporation or other entity of which securities or other ownership
        interests having ordinary voting power to elect a majority of the Board of
        Directors or other persons performing similar functions are at the time directly
        or indirectly owned by such a Person, or one or more Subsidiaries, or by
        such
        Person and one or more of its Subsidiaries.

       

      “Supplemental
        Approval” means: (i) with
        respect to FE, an FE Supplemental SEC Order; (ii) with respect to ATSI, an
        ATSI
        Supplemental SEC Order; (iii) with respect to OE, an OE Supplemental PUCO
        Order;
        (iv) with respect to Penn, a Penn Supplemental SEC Order, subject to any
        borrowing limitations contained in the Organizational Documents of Penn;
        (v)
        with respect to CEI, a CEI Supplemental PUCO Order; (vi) with respect to
        TE, a
        TE Supplemental PUCO Order; (vii) with respect to JCP&L, a JCP&L
        Supplemental SEC Order, subject to any borrowing limitations contained in
        the
        Organizational Documents of JCP&L; (viii) with respect to Met-Ed, a Met-Ed
        Supplemental SEC Order; and (ix) with respect to Penelec, a Penelec Supplemental
        SEC Order.

       

      “Swing
        Line Advance” means an Advance
        made by a Swing Line Lender to any Borrower as part of a Swing Line Borrowing
        pursuant to Section 2.03 and refers to an Alternate Base Rate Swing Line
        Advance, a Eurodollar Rate Swing Line Advance or a Cost of Funds Swing Line
        Advance, each of which shall be a “Type” of Swing Line
        Advance.

       

      “Swing
        Line Borrowing” means a borrowing
        consisting of a Swing Line Advance made by a Swing Line Lender pursuant to
        Section 2.03.

       

      “Swing
        Line Lender” means one or more
        Lenders or Affiliates thereof that may be appointed from time to time by
        the
        Borrowers to provide Swing Line Advances under this Agreement and that are
        reasonably acceptable to the Administrative Agent.

       

      “Swing
        Line Sublimit” means an amount
        equal to the lesser of (i) $100,000,000 and (ii) the aggregate Commitments.
        The
        Swing Line Sublimit is part of, and not in addition to, the aggregate
        Commitments.

       

      
        
          
          

        

        
          16

          
            

          

        

        
          
          

        

      

      “Taxes”
        has the meaning set forth in
        Section 2.16(a).

       

      “TE”
        means The Toledo Edison Company, an
        Ohio corporation.

       

      “TE
        PUCO Order” means the order of the
        PUCO that authorizes TE to obtain Extensions of Credit until December 31,
        2005
        and to perform its obligations under this Agreement.

       

      “Termination
        Date” means June 14, 2010,
        subject, for certain Lenders, to the extension described in Section 2.19
        hereof,
        or, in any case, the earlier date of termination in whole of the Commitments
        pursuant to Section 2.06 or Section 6.01 hereof.

       

      “Termination
        Event” means (i) a
        Reportable Event described in Section 4043 of ERISA and the regulations
        issued thereunder (other than a Reportable Event not subject to the provision
        for 30-day notice to the PBGC under such regulations), or (ii) the
        withdrawal of any member of the Controlled Group from a Plan during a plan
        year
        in which it was a “substantial employer” as defined in
        Section 4001(a)(2) of ERISA, or (iii) the filing of
        a notice of
        intent to terminate a Plan or the treatment of a Plan amendment as a termination
        under Section 4041 of ERISA, or (iv) the institution of proceedings
        to
        terminate a Plan by the PBGC, or (v) any other event or condition
        that
        might constitute grounds under Section 4042 of ERISA for the termination
        of, or the appointment of a trustee to administer, any Plan.

       

      “TE
        Supplemental PUCO Order” means any
        order of the PUCO that authorizes TE to obtain Extensions of Credit after
        December 31, 2005 and to perform its obligations under this Agreement.

       

      “Total
        Capitalization” means, with
        respect to any Borrower at any date of determination the sum, without
        duplication, of (i) Consolidated Debt of such Borrower,
        (ii) consolidated equity of the common stockholders of such Borrower
        and
        its Consolidated Subsidiaries, (iii) consolidated equity of the preference
        stockholders of such Borrower and its Consolidated Subsidiaries, and
        (iv) the aggregate principal amount of Trust Preferred Securities
        of such
        Borrower and its Consolidated Subsidiaries.

       

      “Trust
        Preferred Securities” means (i)
        the issued and outstanding preferred securities of Cleveland Electric Financing
        Trust I and (ii) any other securities, however denominated, (A) issued by
        any
        Borrower or any Consolidated Subsidiary of any Borrower, (B) that are not
        subject to mandatory redemption or the underlying securities, if any, of
        which
        are not subject to mandatory redemption, (C) that are perpetual or mature
        no
        less than 30 years from the date of issuance, (D) the indebtedness issued
        in
        connection with which, including any guaranty, is subordinate in right of
        payment to the unsecured and unsubordinated indebtedness of the issuer of
        such
        indebtedness or guaranty, and (E) the terms of which permit the deferral
        of the
        payment of interest or distributions thereon to a date occurring after the
        Termination Date.

       

      “Type”
        has the meaning assigned to that
        term in the definitions of “Pro-Rata Advance” and “Swing Line Advance” when used
        in such context.

       

      
        
          
          

        

        
          17

          
            

          

        

        
          
          

        

      

      “Unfunded
        Vested Liabilities” means,
        with respect to any Plan at any time, the amount (if any) by which (i) the
        present value of all vested nonforfeitable benefits under such Plan exceeds
        (ii) the fair market value of all Plan assets allocable to such benefits,
        all determined as of the then most recent valuation date for such Plan, but
        only
        to the extent that such excess represents a potential liability of a member
        of
        the Controlled Group to the PBGC or the Plan under Title IV of ERISA.

       

      “Unmatured
        Default” means any event
        that, with the giving of notice or the passage of time, or both, would
        constitute an Event of Default. 

       

      SECTION
        1.02. Computation of Time
        Periods.

       

      In
        this Agreement in the computation of periods of time from a
        specified date to a later specified date, the word “from” means “from and
        including” and the words “to” and “until” each means “to but excluding”.

       

      SECTION
        1.03. Accounting Terms.

       

      All
        accounting terms not specifically defined herein shall be
        construed in accordance with GAAP consistent with those applied in the
        preparation of the financial statements referred to in Section 4.01(g)
        hereof.

       

      SECTION
        1.04. Certain References.

       

      Unless
        otherwise indicated, references in this Agreement to
        articles, sections, paragraphs, clauses, schedules and exhibits are to the
        same
        contained in or attached to this Agreement.

       

      ARTICLE
        II

      AMOUNTS
        AND TERMS OF THE ADVANCES AND
        LETTERS OF CREDIT

       

      SECTION
        2.01. The Pro-Rata Advances.

       

      Each
        Lender severally agrees, on the terms and conditions
        hereinafter set forth, to make Pro-Rata Advances to each Borrower in U.S.
        dollars only from time to time on any Business Day during the period from
        the
        date hereof until the Termination Date in an aggregate amount not to exceed
        at
        any time outstanding the Available Commitment of such Lender. Each Pro-Rata
        Borrowing shall be in an aggregate amount not less than $5,000,000 or an
        integral multiple of $1,000,000 in excess thereof and shall consist of Advances
        of the same Type and, in the case of Eurodollar Rate Pro-Rata Advances, having
        the same Interest Period made or Converted on the same day by the Lenders
        ratably according to their respective Commitments. Within the limits of each
        Lender’s Available Commitment, and subject to the conditions set forth in
        Article III and the other terms and conditions hereof, each Borrower
        may
        from time to time borrow, prepay pursuant to Section 2.12 and reborrow
        under this Section 2.01; provided, that in no case shall any
        Lender be required to make a Pro-Rata Advance to a Borrower hereunder if
        (i) the amount of such Pro-Rata Advance would exceed such Lender’s
        Available Commitment, (ii) the making of such Pro-Rata Advance, together
        with the making of the other Pro-Rata Advances constituting part of the same
        Pro-Rata Borrowing, would cause the total amount of all Outstanding Credits
        to
        exceed the aggregate amount of the Commitments or (iii) the amount of such
        Pro-Rata Advance, together with all other Outstanding Credits for the account
        of
        such Borrower, would exceed such Borrower’s Borrower Sublimit.

       

      
        
          
          

        

        
          18

          
            

          

        

        
          
          

        

      

      SECTION
        2.02. Making
        the Pro-Rata Advances.

       

      (a) Each
        Pro-Rata Borrowing shall be made on notice, given (i) in the case
        of a
        Pro-Rata Borrowing comprising Eurodollar Rate Pro-Rata Advances, not later
        than
        11:00 a.m. (New York time) on the third Business Day prior to the
        date of
        the proposed Borrowing, and (ii) in the case of a Pro-Rata Borrowing
        comprising Alternate Base Rate Pro-Rata Advances, not later than 11:00 a.m.
        (New York time) on the date of the proposed Pro-Rata Borrowing, by any Borrower
        to the Administrative Agent, which shall give to each Lender prompt notice
        thereof. Each such Notice of Pro-Rata Borrowing by a Borrower shall be by
        telecopier or cable, in substantially the form of Exhibit D hereto,
        specifying therein the requested (A) date of such Pro-Rata Borrowing,
        (B) Type of Pro-Rata Advances to be made in connection with such Pro-Rata
        Borrowing, (C) aggregate amount of such Pro-Rata Borrowing, (D) in
        the
        case of a Pro-Rata Borrowing comprising Eurodollar Rate Pro-Rata Advances,
        the
        initial Interest Period for each such Pro-Rata Advance, which Pro-Rata Borrowing
        shall be subject to the limitations stated in the definition of “Interest
        Period” in Section 1.01, and (E) the identity of the Borrower requesting
        such Pro-Rata Borrowing. Each Lender shall, before 1:00 p.m. (New York time)
        on
        the date of such Pro-Rata Borrowing, make available for the account of its
        Applicable Lending Office to the Administrative Agent at its address referred
        to
        in Section 8.02, in same day funds, such Lender’s ratable portion
        (according to the Lenders’ respective Commitments) of such Pro-Rata Borrowing.
        After the Administrative Agent’s receipt of such funds and upon fulfillment of
        the applicable conditions set forth in Article III, the Administrative
        Agent will make such funds available to such Borrower at the Administrative
        Agent’s aforesaid address.

       

      (b) Each
        Notice of Pro-Rata Borrowing delivered by any
        Borrower shall be irrevocable and binding on such Borrower. In the case of
        any
        Notice of Pro-Rata Borrowing delivered by any Borrower requesting Eurodollar
        Rate Pro-Rata Advances, such Borrower shall indemnify each Lender against
        any
        loss, cost or expense incurred by such Lender as a result of any failure
        by such
        Borrower to fulfill on or before the date specified in such Notice of Pro-Rata
        Borrowing the applicable conditions set forth in Article III, including,
        without limitation, any loss (including loss of anticipated profits), cost
        or
        expense incurred by reason of the liquidation or redeployment of deposits
        or
        other funds acquired by such Lender to fund the Pro-Rata Advance to be made
        by
        such Lender as part of such Borrowing when such Pro-Rata Advance, as a result
        of
        such failure, is not made on such date.

       

      (c) Unless
        the Administrative Agent shall have received
        written notice via facsimile transmission from a Lender prior to (A) 5:00
        p.m.
        (New York time) one Business Day prior to the date of a Pro-Rata Borrowing
        comprising Eurodollar Rate Pro-Rata Advances or (B) 12:00 noon (New York
        time)
        on the date of a Pro-Rata Borrowing comprising Alternate Base Rate Pro-Rata
        Advances that such Lender will not make available to the Administrative Agent
        such Lender’s ratable portion of such Pro-Rata Borrowing, the Administrative
        Agent may assume that such Lender has made such portion available to the
        Administrative Agent on the date of such Pro-Rata Borrowing in accordance
        with
        subsection (a) of this Section 2.02 and the Administrative
        Agent
        may, in reliance upon such assumption, make available to the applicable Borrower
        on such date a corresponding amount. If and to the extent that such Lender
        shall
        not have so made such ratable portion available to the Administrative Agent,
        such Lender and such Borrower severally agree to repay to the Administrative
        Agent forthwith on demand such corresponding amount together with interest
        thereon, for each day from the date such amount is made available to such
        Borrower until the date such amount is repaid to the Administrative Agent,
        at
        (i) in the case of such Borrower, the interest rate applicable at
        the time
        to Pro-Rata Advances made in connection with such Pro-Rata Borrowing and
        (ii) in the case of such Lender, the Federal Funds Rate. If such Lender
        shall repay to the Administrative Agent such corresponding amount, such amount
        so repaid shall constitute such Lender’s Pro-Rata Advance as part of such
        Pro-Rata Borrowing for purposes of this Agreement. 

       

      
        
          
          

        

        
          19

          
            

          

        

        
          
          

        

      

      (d) The
        failure of any Lender to make the Pro-Rata Advance to
        be made by it as part of any Pro-Rata Borrowing shall not relieve any other
        Lender of its obligation, if any, hereunder to make its Pro-Rata Advance
        on the
        date of such Pro-Rata Borrowing, but no Lender shall be responsible for the
        failure of any other Lender to make the Pro-Rata Advance to be made by such
        other Lender on the date of any Borrowing.

       

      SECTION
        2.03. Swing
        Line Advances

       

      (a) The
        Swing Line. Subject to the
        terms and conditions set forth herein, the Swing Line Lenders agree to make
        Swing Line Advances to any Borrower in U.S. dollars only from time to time
        on
        any Business Day during the period from the date hereof until the Termination
        Date in an aggregate amount not to exceed at any time the amount of the Swing
        Line Sublimit; provided, however, no Swing Line Lender shall be
        required to make a Swing Line Advance hereunder if (i) the amount of such
        Swing
        Line Advance, together with the aggregate principal amount of all other Swing
        Line Advances outstanding would exceed the Swing Line Sublimit, (ii) the
        making
        of such Swing Line Advance, together with the making of the other Swing Line
        Advances constituting part of the same Swing Line Borrowing, would cause
        the
        total amount of all Outstanding Credits to exceed the aggregate amount of
        the
        Commitments or (iii) the amount of such Swing Line Advance, together with
        all
        other Outstanding Credits for the account of such Borrower, would exceed
        such
        Borrower’s Borrower Sublimit. Within the foregoing limits, and subject to the
        other terms and conditions hereof, each Borrower may borrow under this Section
        2.03, prepay under Section 2.12, and reborrow under this Section 2.03.
        Immediately upon the making of a Swing Line Advance, each Lender shall be
        deemed
        to, and hereby irrevocably and unconditionally agrees to, purchase from the
        applicable Swing Line Lender a risk participation in such Swing Line Advance
        in
        an amount equal to such Lender’s ratable portion (according to the Lenders’
        respective Commitments) times the amount of such Swing Line Advance. No more
        than five Swing Line Advances may be outstanding hereunder at any time.

       

      (b) Borrowing
        Procedures. Each
        Swing Line Borrowing shall be made upon any Borrower’s irrevocable notice to the
        applicable Swing Line Lender and the Administrative Agent, which may be given
        by
        telephone. Each such notice must be received by the applicable Swing Line
        Lender
        and the Administrative Agent not later than 11:00 a.m. (New York time) on
        the
        date of the proposed Swing Line Borrowing in the case of a Swing Line Borrowing
        comprising Alternate Base Rate Swing Line Advances and three Business Days
        prior
        to the date of the proposed Swing Line Borrowing in the case of a Borrowing
        comprising Eurodollar Rate Swing Line Advances, and shall specify (i) the
        date
        of such Swing Line Borrowing, (ii) the Type of Swing Line Advance to be made
        in
        connection with such Swing Line Borrowing, (iii) the aggregate amount of
        such
        Swing Line Borrowing, which shall be in an aggregate amount of not less than
        $1,000,000 or an integral multiple of $1,000,000 in excess thereof, (iv)
        in the
        case of a Swing Line Borrowing comprising a Eurodollar Rate Swing Line Advance,
        the Interest Period for such Advance, which Swing Line Borrowing shall be
        subject to the limitations stated in the definition of “Interest Period” in
        Section 1.01 and (v) the identity of the Borrower requesting such Swing Line
        Borrowing. Each such telephonic notice must be confirmed promptly by delivery
        to
        the relevant Swing Line Lender and the Administrative Agent of a written
        Notice
        of Swing Line Borrowing, appropriately completed and signed by such Borrower.
        Promptly after receipt by such Swing Line Lender of any telephonic Notice
        of
        Swing Line Borrowing, such Swing Line Lender will confirm with the
        Administrative Agent (by telephone or in writing) that the Administrative
        Agent
        has also received such Notice of Swing Line Borrowing and, if not, such Swing
        Line Lender will notify the Administrative Agent (by telephone or in writing)
        of
        the contents thereof. Unless such Swing Line Lender has received notice (by
        telephone or in writing) from the Administrative Agent (including at the
        request
        of any Lender) prior to 12:00 p.m. (New York time) on the date of the proposed
        Swing Line Borrowing (A) directing such Swing Line Lender not to make such
        Swing
        Line Advance as a result of the limitations set forth in the first sentence
        of
        Section 2.03(a) or (B) that one or more of the applicable conditions specified
        in Article III is not then satisfied, then, subject to the terms and conditions
        hereof, such Swing Line Lender will, not later than 1:00 p.m. on the borrowing
        date specified in such Notice of Swing Line Borrowing, make the amount of
        its
        Swing Line Advance available to the applicable Borrower at its office by
        crediting the account of such Borrower on the books of such Swing Line Lender
        in
        immediately available funds.

       

      
        
          
          

        

        
          20

          
            

          

        

        
          
          

        

      

      (c) Refinancing
        of Swing Line
        Advances.

       

      (i) Each
        Swing Line Lender at any time in its sole and
        absolute discretion may request, on behalf of any Borrower (each of which
        hereby
        irrevocably authorizes each Swing Line Lender to so request on its behalf),
        that
        each Lender make an Alternate Base Rate Pro-Rata Advance in an amount equal
        to
        such Lenders’ ratable portion (according to the Lenders’ respective Commitments)
        of the amount of Swing Line Advances made by such Swing Line Lender then
        outstanding to such Borrower. Such request shall be made in writing (which
        written request shall be deemed to be a Notice of Pro-Rata Borrowing for
        purposes hereof) and in accordance with the requirements of Sections 2.01
        and
        2.02, without regard to the minimum and multiples specified therein for the
        principal amount of Alternate Base Rate Pro-Rata Advances, but subject to
        the
        unutilized portion of the Commitments and the conditions set forth in Section
        3.02. Such Swing Line Lender shall furnish such Borrower with a copy of the
        applicable Notice of Pro-Rata Borrowing promptly after delivering such notice
        to
        the Administrative Agent. Each Lender shall, before 1:00 p.m. (New York time)
        on
        the date of such Borrowing, make available for the account of its Applicable
        Lending Office to the Administrative Agent at its address referred to in
        Section 8.02, in same day funds, such Lender’s ratable portion (according
        to the Lenders’ respective Commitments) of such Pro-Rata Borrowing. After the
        Administrative Agent’s receipt of such funds and upon fulfillment of the
        applicable conditions set forth in Article III, the Administrative
        Agent
        will make such funds available to such Borrower at the Administrative Agent’s
        aforesaid address, whereupon, subject to Section 2.03(c)(ii), each Lender
        that
        so makes funds available shall be deemed to have made an Alternate Base Rate
        Pro-Rata Advance to such Borrower in such amount. The Administrative Agent
        shall
        remit the funds so received to the applicable Swing Line Lender.

       

      
        
          
          

        

        
          21

          
            

          

        

        
          
          

        

      

      (ii) If
        for any reason any Swing Line Advance cannot be
        refinanced by a Pro-Rata Borrowing in accordance with Section 2.03(c)(i),
        the
        request for Alternate Base Rate Pro-Rata Advances submitted by a Swing Line
        Lender as set forth herein shall be deemed to be a request by such Swing
        Line
        Lender that each Lender fund its risk participation in the relevant Swing
        Line
        Advances and each Lender’s payment to the Administrative Agent for the account
        of such Swing Line Lender pursuant to Section 2.03(c)(i) shall be deemed
        payment
        in respect of such participation.

       

      (iii) If
        any Lender fails to make available to the
        Administrative Agent for the account of any Swing Line Lender any amount
        required to be paid by such Lender pursuant to the foregoing provisions of
        this
        Section 2.03(c) by the time specified in Section 2.03(c)(i), such Swing
        Line Lender shall be entitled to recover from such Lender (acting through
        the
        Administrative Agent), on demand, such amount with interest thereon for the
        period from the date such payment is required to the date on which such payment
        is immediately available to such Swing Line Lender at a rate per annum
        equal to the greater of the Federal Funds Rate and a rate determined by such
        Swing Line Lender in accordance with banking industry rules on interbank
        compensation. A certificate of such Swing Line Lender submitted to any Lender
        (through the Administrative Agent) with respect to any amounts owing under
        this
        clause (iii) shall be conclusive absent manifest error.

       

      (iv) Each
        Lender’s obligation to make Pro-Rata Advances or to
        purchase and fund risk participations in Swing Line Advances pursuant to
        this
        Section 2.03(c) shall be absolute and unconditional and shall not be affected
        by
        any circumstance, including (A) any setoff, counterclaim, recoupment, defense
        or
        other right which such Lender may have against any Swing Line Lender, any
        Borrower or any other Person for any reason whatsoever, (B) the occurrence
        or
        continuance of an Unmatured Default or Event of Default, or (C) any other
        occurrence, event or condition, whether or not similar to any of the foregoing;
        provided, however, that each Lender’s obligation to make
        Pro-Rata Advances pursuant to this Section 2.03(c) is subject to the conditions
        set forth in Section 3.02. No such funding of risk participations shall relieve
        or otherwise impair the obligation of any Borrower to repay Swing Line Advances,
        together with interest as provided herein.

       

      (d) Repayment
        of
        Participations.

       

      (i) At
        any time after any Lender has purchased and funded a
        risk participation in a Swing Line Advance, if the applicable Swing Line
        Lender
        receives any payment on account of such Swing Line Advance, such Swing Line
        Lender will distribute to such Lender its ratable portion (according to the
        Lenders’ respective Commitments) of such payment (appropriately adjusted, in the
        case of interest payments, to reflect the period of time during which such
        Lender’s risk participation was funded) in the same funds as those received by
        such Swing Line Lender.

       

      
        
          
          

        

        
          22

          
            

          

        

        
          
          

        

      

      (ii) If
        any payment received by any Swing Line Lender in
        respect of principal or interest on any Swing Line Advance is required to
        be
        returned by such Swing Line Lender under any of the circumstances described
        in
        Section 2.15(g) (including pursuant to any settlement entered into by the
        Swing
        Line Lender in its discretion), each Lender shall pay to such Swing Line
        Lender
        its ratable portion (according to the Lenders’ respective Commitments) thereof
        on demand of the Administrative Agent, plus interest thereon from the date
        of
        such demand to the date such amount is returned, at a rate per annum equal
        to
        the Federal Funds Rate. The Administrative Agent will make such demand upon
        the
        request of such Swing Line Lender. The obligations of the Lenders under this
        clause shall survive the payment in full of the obligations hereunder and
        the
        termination of this Agreement.

       

      (e) Interest
        for Account of Swing Line
        Lenders. Each Swing Line Lender shall be
        responsible for invoicing the relevant Borrower for interest on the Swing
        Line
        Advances made to such Borrower. Until each Lender funds its Alternate Base
        Rate
        Pro-Rata Advance or risk participation pursuant to this Section 2.03 to
        refinance such Lender’s ratable portion (according to the Lenders’ respective
        Commitments) of any Swing Line Advance, interest in respect of such ratable
        portion (according to the Lenders’ respective Commitments) shall be solely for
        the account of such Swing Line Lender.

       

      (f) Payments
        Directly to Swing Line
        Lenders. Each Borrower with outstanding Swing
        Line Advances shall make all payments of principal and interest in respect
        of
        the Swing Line Advances directly to the Swing Line Lender that made such
        Advances.

       

      SECTION
        2.04. Letters
        of Credit.

       

      (a) Agreement
        of Fronting Banks.
        Subject to the terms and conditions of this Agreement, each Fronting Bank
        agrees
        to issue and amend (including, without limitation, to extend or renew) for
        the
        account of the Borrowers or any Subsidiary thereof (each such Person, an
        “Account Party”) one or more standby letters of credit
        (individually, a “Letter of Credit” and collectively,
        the “Letters of Credit”) from and including the date
        hereof to the Termination Date, up to a maximum aggregate Stated Amount of
        all
        Letters of Credit at any one time outstanding equal to the L/C Commitment
        Amount
minus Reimbursement Obligations outstanding at such time. Each Letter
        of Credit shall be renewable (if so requested by the Borrower) and shall
        have an
        Expiration Date of no later than the earlier of (x) the latest Termination
        Date
        and (y) the date occurring one year after the Date of Issuance of such Letter
        of
        Credit; provided, however, that no Fronting Bank will issue or amend a
        Letter of Credit if, immediately following such issuance or amendment, (i)
        the
        Stated Amount of such Letter of Credit would (A) exceed the Available
        Commitments or (B) when aggregated with (1) the Stated Amounts of all other
        outstanding Letters of Credit and (2) the outstanding Reimbursement Obligations,
        exceed the L/C Commitment Amount, (ii) the total amount of all Outstanding
        Credits would exceed the aggregate of the Commitments or (iii) in the case
        of
        Barclays and CUSA in their capacity as Fronting Banks, the aggregate Stated
        Amount of all outstanding Letters of Credit issued by either such Fronting
        Bank
        would exceed $500,000,000. To the extent that any Fronting Bank other than
        Barclays or CUSA agrees to become a Fronting Bank and to issue Letters of
        Credit, the obligations of Barclays and CUSA to issue Letters of Credit shall
        be
        reduced on a pro-rata basis, but only after the obligations of all Fronting
        Banks other than Barclays and CUSA to issue Letters of Credit exceed
        $1,000,000,000 in the aggregate. Letters of Credit shall be denominated in
        U.S.
        dollars only.

       

      
        
          
          

        

        
          23

          
            

          

        

        
          
          

        

      

      (b) Forms.
        Each Letter of Credit
        shall be in a form customarily used by the Fronting Bank that is to issue
        such
        Letter of Credit or in such other form as has been approved by such Fronting
        Bank. At the time of issuance or amendment, subject to the terms and conditions
        of this Agreement, the amount and the terms and conditions of each Letter
        of
        Credit shall be subject to approval by the applicable Fronting Bank and the
        applicable Borrower. 

       

      (c) Notice
        of Issuance;
        Application. The applicable Borrower shall give the applicable
        Fronting Bank and the Administrative Agent written notice (or telephonic
        notice
        confirmed in writing) at least one Business Day prior to the requested Date
        of
        Issuance of a Letter of Credit, such notice to be in substantially the form
        of
        Exhibit F hereto (a “Letter of Credit Request”).
        Such Borrower shall also execute and deliver such customary letter of credit
        application forms as requested from time to time by such Fronting Bank. Such
        application forms shall indicate the identity of the Account Party and that
        such
        Borrower is the “Applicant” or shall otherwise indicate that such Borrower is
        the obligor in respect of any Letter of Credit to be issued thereunder. If
        the
        terms or conditions of the application forms conflict with any provision
        of this
        Agreement, the terms of this Agreement shall govern.

       

      (d) Issuance.
        Provided that the
        applicable Borrower has given the notice prescribed by Section 2.04(c)
        and
        subject to the other terms and conditions of this Agreement, including the
        satisfaction of the applicable conditions precedent set forth in
        Article III, the applicable Fronting Bank shall issue the requested
        Letter
        of Credit on the requested Date of Issuance as set forth in the applicable
        Letter of Credit Request for the benefit of the stipulated Beneficiary and
        shall
        deliver the original of such Letter of Credit to the Beneficiary at the address
        specified in the notice. At the request of the applicable Borrower, such
        Fronting Bank shall deliver a copy of each Letter of Credit to such Borrower
        within a reasonable time after the Date of Issuance thereof. Upon the request
        of
        such Borrower, such Fronting Bank shall deliver to such Borrower a copy of
        any
        Letter of Credit proposed to be issued hereunder prior to the issuance
        thereof.

       

      (e) Notice
        of Drawing. Each
        Fronting Bank shall promptly notify the applicable Borrower by telephone,
        facsimile or other telecommunication of any Drawing under a Letter of Credit
        issued for the account of such Borrower by such Fronting Bank.

       

      (f) Payments.
        Each Borrower hereby
        agrees to pay to each Fronting Bank, in the manner provided in subsection
        (g)
        below:

       

      (i) on
        each Payment Date, an amount equal to the amount paid
        by such Fronting Bank under any Letter of Credit issued for the account of
        such
        Borrower by such Fronting Bank; and

       

      (ii) if
        any Drawing shall be reimbursed to any Fronting Bank
        after 12:00 noon (New York time) on the Payment Date, interest on
        any and
        all amounts required to be paid pursuant to clause (i) of this subsection
        (f) from and after the due date thereof until payment in full, payable on
        demand, at an annual rate of interest equal to 2.00% above Citibank’s “base
        rate” as in effect from time to time.

       

      
        
          
          

        

        
          24

          
            

          

        

        
          
          

        

      

      (g) Method
        of Reimbursement. Each
        Borrower shall reimburse each Fronting Bank for each Drawing under any Letter
        of
        Credit issued for the account of such Borrower by such Fronting Bank pursuant
        to
        subsection (f) above in the following manner:

       

      (i) such
        Borrower shall immediately reimburse such Fronting
        Bank in the manner described in Section 2.15; or

       

      (ii) if
        (A) such Borrower has not reimbursed such Fronting
        Bank pursuant to clause (i) above, (B) the applicable conditions to Borrowing
        set forth in Articles II and III have been fulfilled, and (C) the
        Available
        Commitments in effect at such time exceed the amount of the Drawing to be
        reimbursed, such Borrower may reimburse such Fronting Bank for such Drawing
        with
        the proceeds of an Alternate Base Rate Pro-Rata Advance or, if the conditions
        specified in the foregoing clauses (A), (B) and (C) have been satisfied and
        a
        Notice of Borrowing requesting a Eurodollar Rate Pro-Rata Advance has been
        given
        in accordance with Section 2.02 three Business Days prior to the relevant
        Payment Date, with the proceeds of a Eurodollar Rate Pro-Rata Advance.

       

      (h) Nature
        of Fronting Banks’
        Duties. In determining whether to honor any Drawing under any
        Letter of Credit issued by any Fronting Bank, such Fronting Bank shall be
        responsible only to determine that the documents and certificates required
        to be
        delivered under that Letter of Credit have been delivered and that they comply
        on their face with the requirements of that Letter of Credit. Each Borrower
        otherwise assumes all risks of the acts and omissions of, or misuse of any
        Letters of Credit issued by any Fronting Bank for the account of such Borrower
        by, the Beneficiary of such Letter of Credit. In furtherance and not in
        limitation of the foregoing, but consistent with applicable law, no Fronting
        Bank shall be responsible, absent gross negligence or willful misconduct,
        (i) for the form, validity, sufficiency, accuracy, genuineness or
        legal
        effects of any document submitted by any party in connection with the
        application for and issuance of any drawing honored under a Letter of Credit,
        even if it should in fact prove to be in any or all respects invalid,
        insufficient, inaccurate, fraudulent or forged; (ii) for the validity
        or
        sufficiency of any instrument transferring or assigning or purporting to
        transfer or assign any such Letter of Credit, or the rights or benefits
        thereunder or proceeds thereof, in whole or in part, which may prove to be
        invalid or ineffective for any reason; (iii) for errors, omissions,
        interruptions or delays in transmission or delivery of any messages, by mail,
        cable, telegraph, telex, facsimile or otherwise, whether or not they be in
        cipher; (iv) for errors in interpretation of technical terms; (v) for
        any loss or delay in the transmission or otherwise of any document required
        in
        order to make a drawing under any such Letter of Credit, or the proceeds
        thereof; (vi) for the misapplication by the Beneficiary of any such
        Letter
        of Credit or of the proceeds of any drawing honored under such Letter of
        Credit;
        and (vii) for any consequences arising from causes beyond the control
        of
        such Fronting Bank. None of the above shall affect, impair or prevent the
        vesting of any of such Fronting Bank’s rights or powers hereunder. Not in
        limitation of the foregoing, any action taken or omitted to be taken by any
        Fronting Bank under or in connection with any Letter of Credit shall not
        create
        against such Fronting Bank any liability to the Borrowers or any Lender,
        except
        for actions or omissions resulting from the gross negligence or willful
        misconduct of such Fronting Bank or any of its agents or representatives,
        and
        the Fronting Bank shall not be required to take any action that exposes the
        Fronting Bank to personal liability or that is contrary to this Agreement
        or
        applicable law.

       

      
        
          
          

        

        
          25

          
            

          

        

        
          
          

        

      

      (i) Obligations
        of Borrowers
        Absolute. The obligation of each Borrower to reimburse each
        Fronting Bank for Drawings honored under the Letters of Credit issued for
        the
        account of such Borrower by such Fronting Bank shall be unconditional and
        irrevocable and shall be paid strictly in accordance with the terms of this
        Agreement under all circumstances including, without limitation, the following
        circumstances:

       

      (i) any
        lack of validity or enforceability of any Letter of
        Credit;

       

      (ii) the
        existence of any claim, set-off, defense or other
        right that any Borrower, any Account Party or any Affiliate of any Borrower
        or
        any Account Party may have at any time against a Beneficiary or any transferee
        of any Letter of Credit (or any Persons or entities for whom any such
        Beneficiary or transferee may be acting), such Fronting Bank or any other
        Person, whether in connection with this Agreement, the transactions contemplated
        herein or any unrelated transaction;

       

      (iii) any
        draft, demand, certificate or any other documents
        presented under any Letter of Credit proving to be forged, fraudulent, invalid
        or insufficient in any respect or any statement therein being untrue or
        inaccurate in any respect;

       

      (iv) the
        surrender or impairment of any security for the
        performance or observance of any of the terms of any of the Loan
        Documents;

       

      (v) any
        non-application or misapplication by the Beneficiary
        of the proceeds of any Drawing under a Letter of Credit; or

       

      (vi) the
        fact that an Event of Default, or event that would
        constitute an Event of Default but for the requirement that notice be given
        or
        time elapse or both, shall have occurred and be continuing.

       

      No
        payment made under this Section shall be deemed to be a waiver of
        any claim any Borrower may have against any Fronting Bank or any other
        Person.

       

      (j) Participations
        by Lenders. By
        the issuance of a Letter of Credit and without any further action on the
        part of
        any Fronting Bank or any Lender in respect thereof, each Fronting Bank shall
        hereby be deemed to have granted to each Lender, and each Lender shall hereby
        be
        deemed to have acquired from such Fronting Bank, an undivided interest and
        participation in such Letter of Credit (including any letter of credit issued
        by
        such Fronting Bank in substitution or exchange for such Letter of Credit
        pursuant to the terms thereof) equal to such Lender’s Percentage of the Stated
        Amount of such Letter of Credit, effective upon the issuance of such Letter
        of
        Credit. In consideration and in furtherance of the foregoing, each Lender
        hereby
        absolutely and unconditionally agrees to pay to such Fronting Bank, in
        accordance with this subsection (j), such Lender’s Percentage of each payment
        made by such Fronting Bank in respect of an unreimbursed Drawing under a
        Letter
        of Credit. Such Fronting Bank shall notify the Administrative Agent of the
        amount of such unreimbursed Drawing honored by it not later than (x) 12:00
        noon (New York time) on the date of payment of a draft under a Letter of
        Credit,
        if such payment is made at or prior to 11:00 a.m. (New York time) on such
        day,
        and (y) the close of business (New York time) on the date of payment
        of a
        draft under a Letter of Credit, if such payment is made after 11:00 a.m.
        (New
        York time) on such day, and the Administrative Agent shall notify each Lender
        of
        the date and amount of such unreimbursed Drawing under such Letter of Credit
        honored by such Fronting Bank and the amount of such Lender’s Percentage therein
        no later than (1) 1:00 p.m. (New York time) on such day, if such payment
        is
        made at or prior to 11:00 a.m. (New York time) on such day, and (2) 11:00
        a.m. (New York time) on the next following Business Day, if such payment
        is made
        after 11:00 a.m. (New York time) on such day. Not later than 2:00 p.m. (New
        York
        time) on the date of receipt of a notice of an unreimbursed Drawing by a
        Lender,
        such Lender agrees to pay to such Fronting Bank an amount equal to the product
        of (A) such Lender’s Percentage and (B) the amount of the payment made by
        such Fronting Bank in respect of such unreimbursed Drawing.

       

      
        
          
          

        

        
          26

          
            

          

        

        
          
          

        

      

      If
        payment of the amount due pursuant to the preceding sentence
        from a Lender is received by such Fronting Bank after the close of business
        on
        the date it is due, such Lender agrees to pay to such Fronting Bank, in addition
        to (and along with) its payment of the amount due pursuant to the preceding
        sentence, interest on such amount at a rate per annum equal to (i) for
        the period from and including the date such payment is due to but excluding
        the
        second succeeding Business Day, the Federal Funds Rate, and (ii) for the
        period
        from and including the second Business Day succeeding the date such payment
        is
        due to but excluding the date on which such amount is paid in full, the Federal
        Funds Rate plus 2.00%.

       

      (k) Obligations
        of Lenders
        Absolute. Each Lender acknowledges and agrees that (i) its
        obligation to acquire a participation in any Fronting Bank’s liability in
        respect of the Letters of Credit and (ii) its obligation to make the
        payments specified herein, and the right of each Fronting Bank to receive
        the
        same, in the manner specified herein, are absolute and unconditional and
        shall
        not be affected by any circumstances whatsoever, including, without limitation,
        (A) the occurrence and continuance of any Event of Default or Unmatured
        Default; (B) any other breach or default by any Borrower, the Administrative
        Agent or any Lender hereunder; (C) any lack of validity or enforceability
        of any Letter of Credit or any Loan Document; (D) the existence of any claim,
        setoff, defense or other right that the Lender may have at any time against
        any
        Borrower, any other Account Party, any Beneficiary, any Fronting Bank or
        any
        other Lender; (E) the existence of any claim, setoff, defense or other right
        that any Borrower may have at any time against any Beneficiary, any Fronting
        Bank, the Administrative Agent, any Lender or any other Person, whether in
        connection with this Agreement or any other documents contemplated hereby
        or any
        unrelated transactions; (F) any amendment or waiver of, or consent to any
        departure from, all or any of the Letters of Credit or this Agreement; (G)
        any
        statement or any document presented under any Letter of Credit proving to
        be
        forged, fraudulent, invalid or insufficient in any respect or any statement
        therein being untrue or inaccurate in any respect; (H) payment by any Fronting
        Bank under any Letter of Credit against presentation of a draft or certificate
        that does not comply with the terms of such Letter of Credit, so long as
        such
        payment is not the consequence of such Fronting Bank’s gross negligence or
        willful misconduct in determining whether documents presented under a Letter
        of
        Credit comply with the terms thereof; (I) the occurrence of the Termination
        Date; or (J) any other circumstance or happening whatsoever, whether or not
        similar to any of the foregoing. Nothing herein shall prevent the assertion
        by
        any Lender of a claim by separate suit or compulsory counterclaim, nor shall
        any
        payment made by a Lender under Section 2.04 hereof be deemed to be a waiver
        of
        any claim that a Lender may have against any Fronting Bank or any other
        Person.

       

      
        
          
          

        

        
          27

          
            

          

        

        
          
          

        

      

      (l) Proceeds
        of Reimbursements.
        Upon receipt of a payment from a Borrower pursuant to subsection (f) hereof,
        the
        applicable Fronting Bank shall promptly transfer to each Lender such Lender’s
pro rata share (determined in accordance with such Lender’s Percentage)
        of such payment based on such Lender’s pro rata share (determined as
        aforesaid) of amounts previously paid pursuant to subsection (j), above,
        and not
        previously transferred by such Fronting Bank pursuant to this subsection
        (l);
provided, however, that if a Lender shall fail to pay to such Fronting
        Bank any amount required by subsection (j) above by the close of business
        on the
        Business Day following the date on which such payment was due from such Lender,
        and such Borrower shall not have reimbursed such Fronting Bank for such amount
        pursuant to subsection (f) hereof (such unreimbursed amount being hereinafter
        referred to as a “Transferred Amount”), such Fronting
        Bank shall be deemed to have purchased, on such following Business Day (a
        “Participation Transfer Date”) from such Lender (a
“Defaulting Lender”), a participation
        in such
        Transferred Amount and shall be entitled, for the period from and including
        the
        Participation Transfer Date to the earlier of (i) the date on which such
        Borrower shall have reimbursed such Fronting Bank for such Transferred Amount
        and (ii) the date on which such Lender shall have reimbursed such Fronting
        Bank
        for such Transferred Amount (the “Participation Transfer
        Period”), to the rights, privileges and obligations of a “Lender”
        under this Agreement with respect to such Transferred Amount, and such
        Defaulting Lender shall not be deemed to be a Lender hereunder, and shall
        not
        have any rights or interests of a Lender hereunder, with respect to such
        Transferred Amount, and its Percentage shall be reduced accordingly with
        the
        amount by which such Percentage is reduced deemed held by such Fronting Bank
        during the Participation Transfer Period; and provided further,
        however, that if, at any time after the occurrence of a Participation
        Transfer Date with respect to any Lender and prior to the reimbursement by
        such
        Lender of such Fronting Bank with respect to the related Transferred Amount
        pursuant to subsection (j) above, such Fronting Bank shall receive any payment
        from such Borrower pursuant to subsection (f) hereof, such Fronting Bank
        shall
        not be obligated to pay any amounts to such Lender, and such Fronting Bank
        shall
        retain such amounts (including, without limitation, interest payments due
        from
        such Borrower pursuant to subsection (f) hereof) for its own account as a
        Lender, provided that all such amounts shall be applied in satisfaction
        of the unpaid amounts (including, without limitation, interest payments due
        from
        such Lender pursuant to subsection (j), above) due from such Lender with
        respect
        to such Transferred Amount. 

       

      If
        at any time after the occurrence of a Participation Transfer
        Date with respect to any Lender, the Administrative Agent shall receive any
        payment from any Borrower for the account of such Lender pursuant to this
        Agreement, if at the time of receipt of such amounts by the Administrative
        Agent
        such Lender shall not have reimbursed the applicable Fronting Bank with respect
        to the related Transferred Amount pursuant to subsection (j) above, the
        Administrative Agent shall not pay any such amounts to such Lender but shall
        pay
        all such amounts to such Fronting Bank, and such Fronting Bank shall retain
        such
        amounts for its own account as a Lender and apply such amounts in satisfaction
        of the unpaid amounts (including, without limitation, interest payments due
        from
        such Lender pursuant to subsection (j) above) due from such Lender with respect
        to such Transferred Amount. 

       

      
        
          
          

        

        
          28

          
            

          

        

        
          
          

        

      

      All
        payments due to the Lenders from any Fronting Bank pursuant to
        this subsection (l) shall be made to the Lenders if, as, and, to the extent
        possible, when such Fronting Bank receives payments in respect of Drawings
        under
        the Letters of Credit pursuant to subsection (f) hereof, and in the same
        funds
        in which such amounts are received; provided that if any Lender to
        which such Fronting Bank is required to transfer any such payment (or any
        portion thereof) pursuant to this subsection (l) does not receive such payment
        (or portion thereof) prior to (i) the close of business on the Business Day
        on
        which such Fronting Bank received such payment from such Borrower, if such
        Fronting Bank received such payment prior to 1:00 p.m. (New York time) on
        such
        day, or (ii) 1:00 p.m. (New York time) on the Business Day next succeeding
        the
        Business Day on which such Fronting Bank received such payment from the
        Borrower, if such Fronting Bank received such payment after 1:00 p.m. (New
        York
        time) on such day, such Fronting Bank agrees to pay to such Lender, along
        with
        its payment of the portion of such payment due to such Lender, interest on
        such
        amount at a rate per annum equal to (A) for the period from and
        including the Business Day when such payment was required to be made to the
        Lenders to but excluding the second succeeding Business Day, the Federal
        Funds
        Rate and (B) for the period from and including the second Business Day
        succeeding the Business Day when such payment was required to be made to
        the
        Lenders to but excluding the date on which such amount is paid in full, the
        Federal Funds Rate plus 2.00%. The provisions of this subsection (l) shall
        not
        affect or impair any of the obligations under this Agreement of any Defaulting
        Lender to any Fronting Bank, all of which shall remain unaffected by any
        default
        in payment by any Fronting Bank to such Defaulting Lender. 

       

      (m) Concerning
        the Fronting Banks.
        Each Fronting Bank will exercise and give the same care and attention to
        the
        Letters of Credit issued by it as it gives to its other letters of credit
        and
        similar obligations, and each Lender agrees that each Fronting Bank’s sole
        liability to each Lender shall be (i) to distribute promptly, as and when
        received by such Fronting Bank, and in accordance with the provisions of
        subsection (l) above, such Lender’s pro rata share (determined in
        accordance with such Lender’s Percentage) of any payments to such Fronting Bank
        by the Borrowers pursuant to subsection (f) above in respect of Drawings
        under
        the Letters of Credit issued by such Fronting Bank, (ii) to exercise or refrain
        from exercising any right or to take or to refrain from taking any action
        under
        this Agreement or any Letter of Credit issued by such Fronting Bank as may
        be
        directed in writing by the Majority Lenders (or, when expressly required
        by the
        terms of this Agreement, all of the Lenders) or the Administrative Agent
        acting
        at the direction and on behalf of the Majority Lenders (or, when expressly
        required by the terms of this Agreement, all of the Lenders), except to the
        extent required by the terms hereof or thereof or by applicable law, and
        (iii)
        as otherwise expressly set forth in this Section 2.04. No Fronting Bank shall
        be
        liable for any action taken or omitted at the request or with approval of
        the
        Majority Lenders (or, when expressly required by the terms of this Agreement,
        all of the Lenders) or of the Administrative Agent acting on behalf of the
        Majority Lenders (or, when expressly required by the terms of this Agreement,
        all of the Lenders) or for the nonperformance of the obligations of any other
        party under this Agreement, any Letter of Credit or any other document
        contemplated hereby or thereby. Without in any way limiting any of the
        foregoing, each Fronting Bank may rely upon the advice of counsel concerning
        legal matters and upon any written communication or any telephone conversation
        that it believes to be genuine or to have been signed, sent or made by the
        proper Person and shall not be required to make any inquiry concerning the
        performance by any Borrower, any Beneficiary or any other Person of any of
        their
        respective obligations and liabilities under or in respect of this Agreement,
        any Letter of Credit or any other documents contemplated hereby or thereby.
        No
        Fronting Bank shall have any obligation to make any claim, or assert any
        Lien,
        upon any property held by such Fronting Bank or assert any offset thereagainst
        in satisfaction of all or any part of the obligations of the Borrowers
        hereunder; provided that each Fronting Bank shall, if so directed by
        the Majority Lenders or the Administrative Agent acting on behalf of and
        with
        the consent of the Majority Lenders, have an obligation to make a claim,
        or
        assert a Lien, upon property held by such Fronting Bank in connection with
        this
        Agreement, or assert an offset thereagainst. 

       

      
        
          
          

        

        
          29

          
            

          

        

        
          
          

        

      

      Each
        Fronting Bank may accept deposits from, make loans or
        otherwise extend credit to, and generally engage in any kind of banking or
        trust
        business with the Borrowers or any of their Affiliates, or any other Person,
        and
        receive payment on such loans or extensions of credit and otherwise act with
        respect thereto freely and without accountability in the same manner as if
        it
        were not a Fronting Bank hereunder. 

       

      Each
        Fronting Bank makes no representation or warranty and shall
        have no responsibility with respect to: (i) the genuineness, legality, validity,
        binding effect or enforceability of this Agreement or any other documents
        contemplated hereby; (ii) the truthfulness, accuracy or performance of any
        of
        the representations, warranties or agreements contained in this Agreement
        or any
        other documents contemplated hereby; (iii) the collectibility of any amounts
        due
        under this Agreement; (iv) the financial condition of the Borrowers or any
        other
        Person; or (v) any act or omission of any Beneficiary with respect to its
        use of
        any Letter of Credit or the proceeds of any Drawing under any Letter of Credit.
        

       

      (n) Indemnification
        of Fronting Banks by
        Lenders. To the extent that any Fronting Bank is not reimbursed
        and indemnified by the Borrowers under Section 8.05 hereof, each Lender agrees
        to reimburse and indemnify such Fronting Bank on demand, pro rata in
        accordance with such Lender’s Percentage, for and against any and all
        liabilities, obligations, losses, damages, penalties, actions, judgments,
        suits,
        costs, expenses or disbursements of any kind or nature whatsoever that may
        be
        imposed on, incurred by or asserted against such Fronting Bank, in any way
        relating to or arising out of this Agreement, any Letter of Credit or any
        other
        document contemplated hereby or thereby, or any action taken or omitted by
        such
        Fronting Bank under or in connection with this Agreement, any Letter of Credit
        or any other document contemplated hereby or thereby; provided, however,
that such Lender shall not be liable for any portion of such liabilities,
        obligations, losses, damages, penalties, actions, judgments, suits, costs,
        expenses or disbursements resulting from such Fronting Bank’s gross negligence
        or willful misconduct; and provided further, however, that
        such Lender shall not be liable to such Fronting Bank or any other Lender
        for
        the failure of any Borrower to reimburse such Fronting Bank for any drawing
        made
        under a Letter of Credit issued for the account of such Borrower with respect
        to
        which such Lender has paid such Fronting Bank such Lender’s pro rata
        share (determined in accordance with such Lender’s Percentage), or for such
        Borrower’s failure to pay interest thereon. Each Lender’s obligations under this
        subsection (n) shall survive the payment in full of all amounts payable by
        such
        Lender under subsection (j) above, and the termination of this Agreement
        and the
        Letters of Credit. Nothing in this subsection (n) is intended to limit any
        Lender’s reimbursement obligation contained in subsection (j) above.

       

      (o) Representations
        of Lenders. As
        between any Fronting Bank and the Lenders, by its execution and delivery
        of this
        Agreement each Lender hereby represents and warrants solely to such Fronting
        Bank that (i) it is duly organized and validly existing in good standing
        under
        the laws of the jurisdiction of its formation, and has full corporate power,
        authority and legal right to execute, deliver and perform its obligations
        to
        such Fronting Bank under this Agreement; and (ii) this Agreement constitutes
        its
        legal, valid and binding obligation enforceable against it in accordance
        with
        the terms hereof, except as such enforceability may be limited by applicable
        bank organization, moratorium, conservatorship or other laws now or hereafter
        in
        effect affecting the enforcement of creditors rights in general and the rights
        of creditors of banks, and except as such enforceability may be limited by
        general principles of equity (whether considered in a proceeding at law or
        in
        equity).

       

      
        
          
          

        

        
          30

          
            

          

        

        
          
          

        

      

      (p) The
        Letters of Credit listed in Schedule 2.04(p) shall be
        deemed “Letters of Credit” upon fulfillment of their conditions precedent listed
        in Section 3.01.

       

      (q) Successor
        Fronting Bank. Any
        Fronting Bank may resign at any time by giving written notice thereof to
        the
        Lenders, the Fronting Banks and the Borrowers, as long as such Fronting Bank
        has
        no Letters of Credit outstanding under this Agreement. Upon such resignation,
        the Borrowers may designate one or more Lenders as Fronting Banks to replace
        the
        retiring Fronting Bank.

       

      SECTION
        2.05. Fees.

       

      (a) FE
        agrees to pay to the Administrative Agent for the
        account of each Lender a facility fee on the amount of such Lender’s Commitment
        (whether used or unused) from the date hereof in the case of each Bank and
        from
        the effective date specified in the Assignment and Acceptance pursuant to
        which
        it became a Lender in the case of each other Lender until the Termination
        Date
        applicable to such Lender, payable on the last day of each March, June,
        September and December during such period, and on such Termination
        Date, at the rate per annum set forth below determined by reference to
        the Reference Ratings of FE from time to time in effect:

       

      

      
        	
                 

                BASIS
                  FOR PRICING

                 

              	
                 

                LEVEL
                  1

                 

                 

                Reference
                  Ratings at least A- by S&P or A3 by
                  Moody’s.

                 

              	
                 

                LEVEL
                  2

                 

                 

                Reference
                  Ratings lower than Level 1 but at least BBB+ by
                  S&P or Baa1 by Moody’s.

                 

              	
                 

                LEVEL
                  3

                 

                 

                Reference
                  Ratings of lower than Level 2 but at least BBB by
                  S&P or Baa2 by Moody’s.

                 

              	
                 

                LEVEL
                  4

                 

                 

                Reference
                  Ratings lower than Level 3 but at least BBB- by
                  S&P and Baa3 by Moody’s.

                 

              	
                 

                LEVEL
                  5

                 

                 

                Reference
                  Ratings lower than Level 3 but at least BBB- by
                  S&P or Baa3 by Moody’s.

                 

              	
                 

                LEVEL
                  6

                 

                 

                Reference
                  Ratings lower than Level 4 but at least BB+ by
                  S&P or Ba1 by Moody’s.

                 

              	
                 

                LEVEL
                  7

                 

                 

                Reference
                  Ratings lower than BB+ by S&P and Ba1 by
                  Moody’s or no Reference Ratings exist.

                 

              
	
                 

                Facility
                  Fee

                 

              	
                 

                0.080%

                 

              	
                 

                0.100%

                 

              	
                 

                0.125%

                 

              	
                 

                0.150%

                 

              	
                 

                0.175%

                 

              	
                 

                0.200%

                 

              	
                 

                0.300%

                 

              

      

      

      

      For
        purposes of the foregoing, if (i) there is a difference of one
        level in Reference Ratings of S&P and Moody’s and the higher of such
        Reference Ratings falls in Level 1, Level 2, Level 3, Level 5 or Level 6
        then
        the higher Reference Rating will be used to determine the Facility Fee, and
        (ii)
        there is a difference of more than one level in Reference Ratings of S&P and
        Moody’s, the Reference Rating that is one level above the lower of such
        Reference Ratings will be used to determine the Facility Fee, unless the
        lower
        of such Reference Ratings falls in Level 7, in which case the lower
        of such
        Reference Ratings will be used to determine the Facility Fee. If there exists
        only one Reference Rating, such Reference Rating will be used to determine
        the
        Facility Fee.

       

      
        
          
          

        

        
          31

          
            

          

        

        
          
          

        

      

      (b) FE
        agrees to pay the Administrative Agent, for its own
        account, certain fees in such amounts and payable on such terms as set forth
        in
        the Fee Letter.

       

      (c) Each
        Borrower shall pay to the Administrative Agent, for
        the account of the Lenders, a fee in an amount equal to the then Applicable
        Margin for Eurodollar Rate Advances multiplied by the Stated Amount of each
        Letter of Credit issued for the account of such Borrower, in each case for
        the
        number of days that such Letter of Credit is issued but undrawn, payable
        quarterly in arrears on the last day of each March, June, September and December
        and on the Termination Date.

       

      (d) FE
        agrees to pay to each Fronting Bank, for its own
        account, certain fees in such amounts and payable on such terms as set forth
        in
        the Fronting Bank Fee Letter to which such Fronting Bank is a party.

       

      SECTION
        2.06. Adjustment of the Commitments; Borrower
        Submits.

       

      (a) The
        Borrowers shall have the right, upon at least three
        Business Days’ notice to the Administrative Agent, to terminate in whole or,
        upon same day notice, from time to time to permanently reduce ratably in
        part
        the unused portions of the respective Commitments of the Lenders;
provided that each partial reduction shall be in the aggregate amount
        of $5,000,000 or in an integral multiple of $1,000,000 in excess thereof;
        provided, further, that the Commitments may not be reduced to an amount
        that is less than the aggregate Stated Amount of outstanding Letters of Credit.
        Subject to the foregoing, any reduction of the Commitments to an amount below
        $2,000,000,000 shall result in a reduction of the L/C Commitment Amount to
        the
        extent of such deficit. Each such notice of termination or reduction shall
        be
        irrevocable; provided, further, that, if, after giving effect to any
        reduction of the Commitments, the Swing Line Sublimit or any Borrower Sublimit
        exceeds the amount of the aggregate Commitments, such sublimit shall be
        automatically reduced by the amount of such excess.

       

      (b) Commitment
        Increase. i) On any
        date on or prior to the Termination Date, the Borrowers may increase the
        aggregate amount of the Commitments by an amount not less than $5,000,000
        and to
        an amount not more than $2,500,000,000 (any such increase, a
“Commitment Increase”) by designating one or more of
        the existing Lenders or one or more Affiliates thereof (each of which, in
        its
        sole discretion, may determine whether and to what degree to participate
        in such
        Commitment Increase) or one or more other Eligible Assignees reasonably
        acceptable to the Administrative Agent, the Fronting Banks and the Swing
        Line
        Lenders that at the time agree, in the case of any such Eligible Assignee
        that
        is an existing Lender, to increase its Commitment (an “Increasing
        Lender”) and, in the case of any other Eligible Assignee or an
        Affiliate of a Lender (an “Additional Lender”), to
        become a party to this Agreement. The sum of the increases in the Commitments
        of
        the Increasing Lenders pursuant to this subsection (b) plus the Commitments
        of
        the Additional Lenders upon giving effect to the Commitment Increase shall
        not
        exceed the amount of the Commitment Increase. The Borrowers shall provide
        prompt
        notice of any proposed Commitment Increase pursuant to this Section 2.06(b)
        to
        the Administrative Agent, which shall promptly provide a copy of such notice
        to
        the Lenders and the Fronting Banks.

       

      
        
          
          

        

        
          32

          
            

          

        

        
          
          

        

      

      (ii) Any
        Commitment Increase shall become effective upon (A)
        the receipt by the Administrative Agent of an agreement in form and substance
        satisfactory to the Administrative Agent signed by each Borrower, each
        Increasing Lender and each Additional Lender, setting forth the new Commitment
        of each such Lender and setting forth the agreement of each Additional Lender
        to
        become a party to this Agreement and to be bound by all the terms and provisions
        hereof binding upon each Lender, (B) the funding by each Lender of the
        Advance(s) to be made by each such Lender described in paragraph (iii) below
        and
        (C) receipt by the Administrative Agent of a certificate (the statements
        contained in which shall be true) of a duly authorized officer of each Borrower
        stating that both before and after giving effect to such Commitment Increase
        (1)
        no Event of Default has occurred and is continuing and (2) all representations
        and warranties made by such Borrower in this Agreement are true and correct
        in
        all material respects.

       

      (iii) Upon
        the effective date of any Commitment Increase, the
        Borrowers shall prepay the outstanding Pro-Rata Advances (if any) in full,
        and
        shall simultaneously make new Pro-Rata Advances hereunder in an amount equal
        to
        such prepayment, so that, after giving effect thereto, the Pro-Rata Advances
        are
        held ratably by the Lenders in accordance with their respective Commitments
        (after giving effect to such Commitment Increase). Prepayments made under
        this
        paragraph (iii) shall not be subject to the notice requirements of Section
        2.12.

       

      (iv) Notwithstanding
        any provision contained herein to the
        contrary, from and after the date of any Commitment Increase and the making
        of
        any Pro-Rata Advances on such date pursuant to paragraph (iii) above, all
        calculations and payments of the facility fees, Letter of Credit fees and
        interest on the Advances shall take into account the actual Commitment of
        each
        Lender and the principal amount outstanding of each Advance made by such
        Lender
        during the relevant period of time.

       

      (c) Borrower
        Sublimit Increase. FES
        and ATSI may increase their Borrower Sublimits up to $250,000,000 and
        $100,000,000, respectively, by delivering a notice to the Administrative
        Agent
        requesting such increase, subject to the condition that either (i) such Borrower
        requesting the increase in its Borrower Sublimit has Reference Ratings of
        at
        least BBB- by S&P and Baa3 by Moody’s or (ii) FE unconditionally guarantees
        the amounts payable by such Borrower hereunder by delivering to the
        Administrative Agent a duly completed Guaranty executed by FE.

       

      SECTION
        2.07. Repayment
        of Advances.

       

      Each
        Borrower agrees to repay the principal amount of each Advance
        made by each Lender to such Borrower no later than the earlier of (i) 364
        days
        after the date such Advance is made (or in the case of a Swing Line Advance,
        10
        days after the date such Swing Line Advance is made) and (ii) the latest
        Termination Date of all the Lenders.

       

      
        
          
          

        

        
          33

          
            

          

        

        
          
          

        

      

      SECTION
        2.08. Interest
        on Advances.

       

      Each
        Borrower agrees to pay interest on the unpaid principal
        amount of each Advance made by each Lender to such Borrower from the date
        of
        such Advance until such principal amount shall be paid in full, at the following
        rates per annum:

       

      (a) Alternate
        Base Rate Pro-Rata
        Advances. If such Advance is an Alternate Base Pro-Rata Rate
        Advance, a rate per annum equal at all times to the Alternate Base Rate in
        effect from time to time plus the Applicable Margin for such Alternate
        Base Rate Pro-Rata Advance in effect from time to time, payable quarterly
        in
        arrears on the last day of each March, June, September and December, on the
        Termination Date and on the date such Alternate Base Rate Pro-Rata Advance
        shall
        be Converted or be paid in full and as provided in Section 2.12;

       

      (b) Eurodollar
        Rate Pro-Rata
        Advances. If such Advance is a Eurodollar Rate Pro-Rata Advance, a
        rate per annum equal at all times during the Interest Period for such Advance
        to
        the sum of the Eurodollar Rate for such Interest Period plus the
        Applicable Margin for such Eurodollar Rate Pro-Rata Advance in effect from
        time
        to time, payable on the last day of each Interest Period for such Eurodollar
        Rate Pro-Rata Advance (and, in the case of any Interest Period of six months,
        on
        the last day of the third month of such Interest Period), on the Termination
        Date and on the date such Eurodollar Rate Pro-Rata Advance shall be Converted
        or
        be paid in full and as provided in Section 2.12;

       

      (c) Alternate
        Base Rate Swing Line
        Advances. If such Advance is an Alternate Base Rate Swing Line
        Advance, a rate per annum equal to the sum of the Alternate Base Rate in
        effect
        from time to time plus the Applicable Margin for such Alternate Base
        Rate Swing Line Advance payable on the date such Alternate Base Rate Swing
        Line
        Advance is paid in full and as provided in Section 2.12;

       

      (d) Eurodollar
        Rate Swing Line
        Advances. If such Advance is a Eurodollar Rate Swing Line Advance,
        a rate per annum equal to the sum of the Eurodollar Rate (if the Eurodollar
        Rate
        is available) in effect from time to time plus the Applicable Margin
        for such Eurodollar Rate Swing Line Advance, payable on the last day of the
        Interest Period of such Swing Line Advance;

       

      (e) Cost
        of Funds Swing Line
        Advances. If such Advance is a Cost of Funds Swing Line Advance, a
        rate per annum equal to the sum of the applicable Swing Line Lender’s cost of
        funds as determined by such Swing Line Lender in its sole discretion with
        reference to its funding sources on the date such Swing Line Advance is made
        for
        a term equal to the Interest Period for such Swing Line Advance plus
        the Applicable Margin for a corresponding Eurodollar Rate Swing Line Advance,
        payable on the last day of the Interest Period of such Swing Line Advance;

       

      provided,
        however, that if and for so long as an Event of
        Default shall have occurred and be continuing the unpaid principal amount
        of
        each Advance shall (to the fullest extent permitted by law) bear interest
        until
        paid in full at a rate per annum equal at all times to a rate equal to
        2% above the rate then applicable to such Advance or, if higher, the Alternate
        Base Rate plus 2% per annum, payable upon demand.

       

      
        
          
          

        

        
          34

          
            

          

        

        
          
          

        

      

      SECTION
        2.09. Additional Interest on
        Advances.

       

      Each
        Borrower agrees to pay to each Lender, so long as such Lender
        shall be required under regulations of the Board of Governors of the Federal
        Reserve System to maintain reserves with respect to liabilities or assets
        consisting of or including Eurocurrency Liabilities, additional interest
        on the
        unpaid principal amount of each Eurodollar Rate Advance made by such Lender
        to
        such Borrower, from the date of such Advance until such principal amount
        is paid
        in full, at an interest rate per annum equal at all times to the
        remainder obtained by subtracting (i) the Eurodollar Rate for the
        Interest
        Period for such Advance from (ii) the rate obtained by dividing such
        Eurodollar Rate by a percentage equal to 100% minus the Eurodollar Rate Reserve
        Percentage of such Lender for such Interest Period, payable on each date
        on
        which interest is payable on such Advance; provided, that no Lender
        shall be entitled to demand additional interest under this Section 2.09
        more than 90 days following the last day of the Interest Period in
        respect
        of which such demand is made; provided further, however, that the
        foregoing proviso shall in no way limit the right of any Lender to demand
        or
        receive such additional interest to the extent that such additional interest
        relates to the retroactive application by the Board of Governors of the Federal
        Reserve System of any regulation described above if such demand is made within
        90 days after the implementation of such retroactive regulation. Such
        additional interest shall be determined by such Lender and notified to the
        applicable Borrower through the Administrative Agent, and such determination
        shall be conclusive and binding for all purposes, absent manifest error.

       

      SECTION
        2.10. Interest
        Rate Determination.

       

      (a) The
        Administrative Agent shall give prompt notice to the
        applicable Borrower and the Lenders of the applicable interest rate determined
        by the Administrative Agent for purposes of
        Section 2.08(a), (b) or (c).

       

      (b) If,
        with respect to any Eurodollar Rate Pro-Rata
        Advances, the Majority Lenders notify the Administrative Agent that (i) dollar
        deposits are not being offered to banks in the London interbank eurodollar
        market for the applicable amount and Interest Period of such Eurodollar Rate
        Advances, (ii) adequate and reasonable means do not exist for determining
        the
        Eurodollar Rate or (iii) the Eurodollar Rate for any Interest Period for
        such
        Advances will not adequately reflect the cost to such Majority Lenders of
        making
        or funding their respective Eurodollar Rate Advances for such Interest Period,
        the Administrative Agent shall forthwith so notify the Borrowers and the
        Lenders, whereupon

       

      (i) each
        Eurodollar Rate Pro-Rata Advance will automatically,
        on the last day of the then existing Interest Period, therefor, Convert into
        an
        Alternate Base Rate Pro-Rata Advance, and

       

      (ii) the
        obligation of the Lenders to make, or to Convert
        Advances into, Eurodollar Rate Advances shall be suspended until the
        Administrative Agent shall notify the Borrowers and the Lenders that the
        circumstances causing such suspension no longer exist.

       

      
        
          
          

        

        
          35

          
            

          

        

        
          
          

        

      

      SECTION
        2.11. Conversion of Advances.

       

      (a) Voluntary.
        Any Borrower may on
        any Business Day, upon notice given to the Administrative Agent not later
        than
        11:00 a.m. (New York time) on the third Business Day prior to the date of
        any
        proposed Conversion into Eurodollar Rate Pro-Rata Advances, and on the date
        of
        any proposed Conversion into Alternate Base Rate Pro-Rata Advances, and subject
        to the provisions of Sections 2.10 and 2.11, Convert all Pro-Rata
        Advances
        of one Type made to such Borrower in connection with the same Borrowing into
        Pro-Rata Advances of another Type or Types or Pro-Rata Advances of the same
        Type
        having the same or a new Interest Period; provided, however, that any
        Conversion of, or with respect to, any Eurodollar Rate Pro-Rata Advances
        into
        Pro-Rata Advances of another Type or Pro-Rata Advances of the same Type having
        the same or new Interest Periods, shall be made on, and only on, the last
        day of
        an Interest Period for such Eurodollar Rate Pro-Rata Advances, unless the
        applicable Borrower shall also reimburse the Lenders in respect thereof pursuant
        to Section 8.05(b) on the date of such Conversion. Each such
        notice of
        a Conversion shall, within the restrictions specified above, specify
        (i) the date of such Conversion, (ii) the Pro-Rata Advances
        to be
        Converted, and (iii) if such Conversion is into, or with respect to,
        Eurodollar Rate Pro-Rata Advances, the duration of the Interest Period for
        each
        such Pro-Rata Advance.

       

      (b) Mandatory.
        If any Borrower
        shall fail to select the Type of any Pro-Rata Advance or the duration of
        any
        Interest Period for any Borrowing comprising Eurodollar Rate Pro-Rata Advances
        in accordance with the provisions contained in the definition of “Interest
        Period” in Section 1.01 and Section 2.11(a), or if any proposed
        Conversion of a Borrowing that is to comprise Eurodollar Rate Pro-Rata Advances
        upon Conversion shall not occur as a result of the circumstances described
        in
        paragraph (c) below, the Administrative Agent will forthwith
        so notify
        such Borrower and the Lenders, and such Advances will automatically, on the
        last
        day of the then existing Interest Period therefor, Convert into Alternate
        Base
        Rate Pro-Rata Advances.

       

      (c) Failure
        to Convert. Each notice
        of Conversion given by any Borrower pursuant to subsection (a) above
        shall be irrevocable and binding on such Borrower. In the case of any Borrowing
        that is to comprise Eurodollar Rate Pro-Rata Advances upon Conversion, the
        Borrower agrees to indemnify each Lender against any loss, cost or expense
        incurred by such Lender as a result of any failure to fulfill on the date
        specified for such Conversion the applicable conditions set forth in
        Article III, including, without limitation, any loss, cost or expense
        incurred by reason of the liquidation or redeployment of deposits or other
        funds
        acquired by such Lender to fund such Eurodollar Rate Pro-Rata Advances upon
        such
        Conversion, when such Conversion, as a result of such failure, does not occur.
        Each Borrower’s obligations under this subsection (c) shall survive
        the repayment of all other amounts owing by such Borrower to the Lenders
        and the
        Administrative Agent under this Agreement and any Note and the termination
        of
        the Commitments.

       

      SECTION
        2.12. Prepayments.

       

      (a) Optional.
        Any Borrower may at
        any time prepay the outstanding principal amounts of the Advances made to
        such
        Borrower as part of the same Borrowing in whole or ratably in part, together
        with accrued interest to the date of such prepayment on the principal amount
        prepaid, upon notice thereof given to the Administrative Agent by such Borrower
        not later than 11:00 a.m. (New York time) (i) on the date of any such
        prepayment in the case of Alternate Base Rate Advances and (ii) on
        the
        second Business Day prior to any such prepayment in the case of Eurodollar
        Rate
        Advances; provided, however, that (x) each partial prepayment of
        any Borrowing shall be in an aggregate principal amount not less than $5,000,000
        with respect to Pro-Rata Borrowings and $1,000,000 with respect to Swing
        Line
        Borrowings and (y) in the case of any such prepayment of a Eurodollar
        Rate
        Advance, such Borrower shall be obligated to reimburse the Lenders in respect
        thereof pursuant to Section 8.05(b) on the date of such
        prepayment.

       

      
        
          
          

        

        
          36

          
            

          

        

        
          
          

        

      

      (b) Mandatory.
        (i) If and to the
        extent that the Outstanding Credits on any date hereunder shall exceed the
        aggregate amount of the Commitments hereunder on such date, each Borrower
        agrees
        to (A) prepay on such date a principal amount of Advances and/or
        (B) pay to the Administrative Agent an amount in immediately available
        funds (which funds shall be held as collateral pursuant to arrangements
        satisfactory to the Administrative Agent) equal to all or a portion of the
        amount available for drawing under the Letters of Credit outstanding at such
        time, which prepayment under clause (A) and payment under clause (B) shall,
        when
        taken together result in the amount of Outstanding Credits minus the
        amount paid to the Administrative Agent pursuant to clause (B) being less
        than
        or equal to the aggregate amount of the Commitments hereunder on such date.
        

       

      (ii) If
        at any
        time the Outstanding Credits with respect to a Borrower on any date hereunder
        shall exceed the Borrower Sublimit for such Borrower, such Borrower agrees
        to
        (A) prepay on such date Advances in a principal amount equal to such excess
        and/or (B) pay to the Administrative Agent an amount in immediately
        available funds (which funds shall be held as collateral pursuant to
        arrangements satisfactory to the Administrative Agent) equal to all or a
        portion
        of the amount available for drawing under the Letters of Credit outstanding
        to
        such Borrower at such time, which prepayment under clause (A) and payment
        under
        clause (B) shall, when taken together, result in the amount of Outstanding
        Credits minus the amount paid to the Administrative Agent pursuant to
        clause (B) being less than or equal to the aggregate amount of the applicable
        Borrower Sublimit hereunder on such date. 

       

      (iii) If
        at
        any time the aggregate principal amount of the Swing Line Advances exceeds
        the
        Swing Line Sublimit, each Borrower agrees to prepay the Swing Line Advances
        outstanding to such Borrower in a principal amount equal to such Borrower’s
        pro-rata amount of such excess, determined on the basis of the percentage
        of the
        aggregate principal amount of Swing Line Advances outstanding to such
        Borrower.

       

      (iv) If
        at any
        time either ATSI or FES shall have Outstanding Credits and shall fail to
        have
        Reference Ratings of at least BBB- by S&P and Baa3 by Moody’s, and FE shall
        fail to deliver to the Administrative Agent a Guaranty executed by FE, such
        Borrower agrees (A) to prepay to the Administrative Agent the principal amount
        of all Advances outstanding to such Borrower and (B) to pay to the
        Administrative Agent an amount in immediately available funds (which funds
        shall
        be held as collateral pursuant to arrangements satisfactory to the
        Administrative Agent) equal to all of the amount available for drawing under
        the
        Letters of Credit outstanding to such Borrower at such time.

      

      
        
          
          

        

        
          37

          
            

          

        

        
          
          

        

      

      Any
        prepayment of Advances shall be accompanied by accrued interest
        on the amount prepaid to the date of such prepayment and, in the case of
        any
        such prepayment of Eurodollar Rate Advances, the applicable Borrower shall
        be
        obligated to reimburse the Lenders in respect thereof pursuant to
        Section 8.05(b) on the date of such prepayment. 

       

      SECTION
        2.13. Increased
        Costs.

       

      (a) If,
        due to either (i) the introduction of or any
        change (other than any change by way of imposition or increase of reserve
        requirements included in the Eurodollar Rate Reserve Percentage) in or in
        the
        interpretation of any law or regulation, in each case, after the date hereof,
        or
        (ii) the compliance with any guideline or request from any central
        bank or
        other governmental authority (whether or not having the force of law) issued,
        promulgated or made, as the case may be, after the date hereof, there shall
        be
        any increase in the cost to any Lender of agreeing to make or making, funding
        or
        maintaining Eurodollar Rate Advances or any increase in the cost to any Fronting
        Bank or any Lender of issuing, maintaining or participating in Letters of
        Credit, then each Borrower shall from time to time, upon demand by such Lender
        or such Fronting Bank (as the case may be) (with a copy of such demand to
        the
        Administrative Agent), pay to the Administrative Agent for the account of
        such
        Lender or such Fronting Bank (as the case may be) additional amounts sufficient
        to compensate such Lender or such Fronting Bank (as the case may be) for
        such
        increased cost. A certificate as to the amount of such increased cost and
        the
        basis therefor, submitted to each Borrower and the Administrative Agent by
        such
        Lender or such Fronting Bank (as the case may be), shall constitute such
        demand
        and shall be conclusive and binding for all purposes, absent manifest
        error.

       

      (b) If
        any Lender or any Fronting Bank determines that
        compliance with any law or regulation or any guideline or request from any
        central bank or other governmental authority (whether or not having the force
        of
        law), issued, promulgated or made (as the case may be) after the date hereof,
        affects or would affect the amount of capital required or expected to be
        maintained by such Lender or such Fronting Bank (as the case may be) or any
        corporation controlling such Lender or such Fronting Bank (as the case may
        be)
        and that the amount of such capital is increased by or based upon the existence
        of (i) such Lender’s commitment to lend or participate in Letters of Credit
        hereunder and other commitments of this type or (ii) the Advances
        made by
        such Lender or (iii) the participations in Letters of Credit acquired
        by
        such Lender or (iv) in the case of any Fronting Bank, such Fronting
        Bank’s
        commitment to issue, maintain and honor drawings under Letters of Credit
        hereunder, or (v) the honoring of Letters of Credit by any Fronting
        Bank
        hereunder, then, upon demand by such Lender or such Fronting Bank (as the
        case
        may be) (with a copy of such demand to the Administrative Agent), each Borrower
        shall immediately pay to the Administrative Agent for the account of such
        Lender
        or such Fronting Bank (as the case may be), from time to time as specified
        by
        such Lender or such Fronting Bank (as the case may be), additional amounts
        sufficient to compensate such Lender, such Fronting Bank or such corporation
        in
        the light of such circumstances, to the extent that such Lender or such Fronting
        Bank (as the case may be) determines such increase in capital to be allocable
        to
        (i) in the case of such Lender, the existence of such Lender’s commitment
        to lend hereunder or the Advances made by such Lender or (ii)  the
        participations in Letters of Credit acquired by such Lender or (iii) in
        the
        case of any Fronting Bank, such Fronting Bank’s Commitment to issue, maintain
        and honor drawings under Letters of Credit hereunder, or (iv) the
        honoring
        of Letters of Credit by any Fronting Bank hereunder. A certificate as to
        such
        amounts submitted to each Borrower and the Administrative Agent by such Lender
        or such Fronting Bank (as the case may be) shall constitute such demand and
        shall be conclusive and binding for all purposes, absent manifest error.

       

      
        
          
          

        

        
          38

          
            

          

        

        
          
          

        

      

      (c) Each Borrower
        shall be
        liable for its pro rata share of each payment to be made by the Borrowers
        under
        subsections (a) and (b) of this Section 2.13, determined on the basis of
        such
        Borrower’s Fraction; provided, however, that if and to the
        extent that any such liabilities are reasonably determined by the Borrowers
        (subject to the approval of the Administrative Agent, which approval shall
        not
        be unreasonably withheld) to be directly attributable to Advances made to
        a
        specific Borrower, then only such Borrower shall be liable for such
        payments.

       

      SECTION
        2.14. Illegality.

       

      Notwithstanding
        any other provision of this Agreement, if any
        Lender shall notify the Administrative Agent that the introduction of or
        any
        change in or in the interpretation of any law or regulation makes it unlawful,
        or any central bank or other governmental authority asserts that it is unlawful,
        for any Lender or its Eurodollar Lending Office to perform its obligations
        hereunder to make Eurodollar Rate Advances or to fund or maintain Eurodollar
        Rate Advances hereunder, (i) the obligation of the Lenders to make,
        or to
        Convert Advances into, Eurodollar Rate Advances shall be suspended until
        the
        Administrative Agent shall notify the Borrowers and the Lenders that the
        circumstances causing such suspension no longer exist and (ii) the
        Borrowers shall forthwith prepay in full all Eurodollar Rate Advances of
        all
        Lenders then outstanding, together with interest accrued thereon, unless
        (A) the Borrowers, within five Business Days of notice from the
        Administrative Agent, Converts all Eurodollar Rate Pro-Rata Advances of all
        Lenders then outstanding into Advances of another Type in accordance with
        Section 2.11 (in which case all Eurodollar Rate Swing Line Advances
        must
        still be repaid pursuant to this Section 2.14) or (B) the Administrative
        Agent notifies the Borrowers that the circumstances causing such prepayment
        no
        longer exist. Any Lender that becomes aware of circumstances that would permit
        such Lender to notify the Administrative Agent of any illegality under this
        Section 2.14 shall use its best efforts (consistent with its internal
        policy and legal and regulatory restrictions) to change the jurisdiction
        of its
        Applicable Lending Office if the making of such change would avoid or eliminate
        such illegality and would not, in the reasonable judgment of such Lender,
        be
        otherwise disadvantageous to such Lender.

       

      SECTION
        2.15. Payments
        and Computations.

       

      (a) Each
        Borrower shall make each payment hereunder and under
        any Note not later than 12:00 noon (New York time) on the day when due in
        U.S.
        dollars to the Administrative Agent or, with respect to payments made in
        respect
        of Reimbursement Obligations, to the applicable Fronting Bank, at its address
        referred to in Section 8.02 in same day funds, without set-off,
        counterclaim or defense and any such payment to the Administrative Agent
        or any
        Fronting Bank (as the case may be) shall constitute payment by such Borrower
        hereunder or under any Note, as the case may be, for all purposes, and upon
        such
        payment the Lenders shall look solely to the Administrative Agent or such
        Fronting Bank (as the case may be) for their respective interests in such
        payment. The Administrative Agent or such Fronting Bank (as the case may
        be)
        will promptly after any such payment cause to be distributed like funds relating
        to the payment of principal or interest or facility fees or Reimbursement
        Obligations ratably (other than amounts payable pursuant to
        Section 2.02(c), 2.05, 2.09, 2.11(c), 2.13, 2.16 or 8.05(b)) (according
        to
        the Lenders’ respective Commitments) to the Lenders for the account of their
        respective Applicable Lending Offices, and like funds relating to the payment
        of
        any other amount payable to any Lender to such Lender for the account of
        its
        Applicable Lending Office, in each case to be applied in accordance with
        the
        terms of this Agreement. Upon its acceptance of an Assignment and Acceptance
        and
        recording of the information contained therein in the Register pursuant to
        Section 8.08(d), from and after the effective date specified in such
        Assignment and Acceptance, the Administrative Agent and each Fronting Bank
        shall
        make all payments hereunder and under any Note in respect of the interest
        assigned thereby to the Lender assignee thereunder, and the parties to such
        Assignment and Acceptance shall make all appropriate adjustments in such
        payments for periods prior to such effective date directly between
        themselves.

       

      
        
          
          

        

        
          39

          
            

          

        

        
          
          

        

      

      (b) Each
        Borrower hereby authorizes each Lender and each
        Fronting Bank, if and to the extent payment owed to such Lender or such Fronting
        Bank (as the case may be) is not made by such Borrower to the Administrative
        Agent or such Fronting Bank (as the case may be) when due hereunder or under
        any
        Note held by such Lender, to charge from time to time against any or all
        of such
        Borrower’s accounts (other than any payroll account maintained by such Borrower
        with such Lender or such Fronting Bank (as the case may be) if and to the
        extent
        that such Lender or such Fronting Bank (as the case may be) shall have expressly
        waived its set-off rights in writing in respect of such payroll account)
        with
        such Lender or such Fronting Bank (as the case may be) any amount so due.

       

      (c) All
        computations of interest based on the Alternate Base
        Rate (based upon Citibank’s base rate) shall be made by the Administrative Agent
        on the basis of a year of 365 or 366 days, as the case may be, and all
        computations of facility fees and of interest based on the Alternate Base
        Rate
        (based upon the Federal Funds Rate), the Eurodollar Rate or the Federal Funds
        Rate shall be made by the Administrative Agent, and all computations of interest
        pursuant to Section 2.09 shall be made by a Lender, on the basis of
        a year
        of 360 days, in each case for the actual number of days (including the first
        day
        but excluding the last day) occurring in the period for which such facility
        fees
        or interest are payable. Each determination by the Administrative Agent (or,
        in
        the case of Section 2.09, by a Lender) of an interest rate hereunder
        shall
        be conclusive and binding for all purposes, absent manifest error.

       

      (d) Whenever
        any payment hereunder or under any Note shall be
        stated to be due on a day other than a Business Day, such payment shall be
        made
        on the next succeeding Business Day, and such extension of time shall in
        such
        case be included in the computation of payment of interest or facility fees,
        as
        the case may be; provided, however, if such extension would cause
        payment of interest on or principal of Eurodollar Rate Advances to be made
        in
        the next following calendar month, such payment shall be made on the next
        preceding Business Day.

       

      (e) Unless
        the Administrative Agent shall have received
        notice from any Borrower prior to the date on which any payment is due to
        the
        Lenders hereunder that such Borrower will not make such payment in full,
        the
        Administrative Agent may assume that each Borrower has made such payment
        in full
        to the Administrative Agent on such date and the Administrative Agent may,
        in
        reliance upon such assumption, cause to be distributed to each Lender on
        such
        due date an amount equal to the amount then due such Lender. If and to the
        extent that a Borrower shall not have so made such payment in full to the
        Administrative Agent, each Lender shall repay to the Administrative Agent
        forthwith on demand such amount distributed to such Lender together with
        interest thereon, for each day from the date such amount is distributed to
        such
        Lender until the date such Lender repays such amount to the Administrative
        Agent, at the Federal Funds Rate.

       

      
        
          
          

        

        
          40

          
            

          

        

        
          
          

        

      

      (f) Except
        as provided otherwise in Section 2.08, any amount
        payable by a Borrower hereunder or under any Note that is not paid when due
        (whether at stated maturity, by acceleration or otherwise) shall (to the
        fullest
        extent permitted by law) bear interest from the date when due until paid
        in full
        at a rate per annum equal at all times to the Alternate Base Rate
plus 2% per annum, payable upon demand.

       

      (g) To
        the extent that any payment by or on behalf of a
        Borrower is made to the Administrative Agent, any Fronting Bank or any Lender,
        or the Administrative Agent, any Fronting Bank or any Lender exercises its
        right
        of setoff, and such payment or the proceeds of such setoff or any part thereof
        is subsequently invalidated, declared to be fraudulent or preferential, set
        aside or required (including pursuant to any settlement entered into by the
        Administrative Agent, such Fronting Bank or such Lender in its discretion)
        to be
        repaid to a trustee, receiver or any other party, in connection with any
        proceeding under any bankruptcy, insolvency or other similar law now or
        hereafter in effect or otherwise (a “Returned
        Payment”), then (i) to the extent of such recovery, the obligation
        or part thereof originally intended to be satisfied shall be revived and
        continued in full force and effect as if such payment had not been made or
        such
        setoff had not occurred, and (ii) each Lender and each Fronting Bank severally
        agrees to pay to the Administrative Agent upon demand its applicable share
        (without duplication) of any amount so recovered from or repaid by the
        Administrative Agent, plus interest thereon from the date of such
        demand to the date such payment is made at a rate per annum equal to the
        Federal
        Funds Rate from time to time in effect. The obligations of the Lenders and
        the
        Fronting Banks under clause (ii) of the preceding sentence shall survive
        the
        payment in full of any amounts hereunder and the termination of this
        Agreement.

       

      SECTION
        2.16. Taxes.

       

      (a) Any
        and all payments by each Borrower hereunder and under
        any Note shall be made, in accordance with Section 2.15, free and
        clear of
        and without deduction for any and all present or future taxes, levies, imposts,
        deductions, charges or withholdings, and all liabilities with respect thereto,
        excluding, in the case of each Lender, each Fronting Bank and the
        Administrative Agent, such taxes, levies, imposts, deductions and charges
        in the
        nature of franchise taxes or taxes measured by the gross receipts or net
        income
        of any Lender, any Fronting Bank or the Administrative Agent by any jurisdiction
        in which such Lender, such Fronting Bank or the Administrative Agent (as
        the
        case may be) is organized, located or conducts business or any political
        subdivision thereof and, in the case of each Lender, by the jurisdiction
        of such
        Lender’s Applicable Lending Office or any political subdivision thereof (all
        such non-excluded taxes, levies, imposts, deductions, charges, withholdings
        and
        liabilities being herein referred to as “Taxes”). If a
        Borrower shall be required by law to deduct any Taxes from or in respect
        of any
        sum payable hereunder or under any Note to any Lender, any Fronting Bank
        or the
        Administrative Agent, (i) the sum payable shall be increased as may
        be
        necessary so that after making all required deductions (including deductions
        applicable to additional sums payable under this Section 2.16) such
        Lender,
        such Fronting Bank or the Administrative Agent (as the case may be) receives
        an
        amount equal to the sum it would have received had no such deductions been
        made,
        (ii) such Borrower shall make such deductions and (iii) FE
        shall pay
        the full amount deducted to the relevant taxation authority or other authority
        in accordance with Applicable Law.

       

      
        
          
          

        

        
          41

          
            

          

        

        
          
          

        

      

      (b) In
        addition, FE agrees to pay any present or future stamp
        or documentary taxes or any other excise or property taxes, charges or similar
        levies that arise from any payment made hereunder or under any Note or from
        the
        execution, delivery or registration of, or otherwise with respect to, this
        Agreement, any Letter of Credit or any Note (herein referred to as
“Other Taxes”).

       

      (c) FE
        agrees to indemnify each Lender, each Fronting Bank
        and the Administrative Agent for the full amount of Taxes or Other Taxes
        (including, without limitation, any Taxes or Other Taxes imposed by any
        jurisdiction on amounts payable under this Section 2.16) paid by such
        Lender, such Fronting Bank or the Administrative Agent (as the case may be)
        and
        any liability (including penalties, interest and expenses) arising therefrom
        or
        with respect thereto, whether or not such Taxes or Other Taxes were correctly
        or
        legally asserted. This indemnification shall be made within 30 days from
        the
        date such Lender, such Fronting Bank or the Administrative Agent (as the
        case
        may be) makes written demand therefor.

       

      (d) Prior
        to the date of the initial Borrowing in the case of
        each Bank, and on the date of the Assignment and Acceptance pursuant to which
        it
        became a Lender in the case of each other Lender, and from time to time
        thereafter if requested by a Borrower or the Administrative Agent, each Lender
        organized under the laws of a jurisdiction outside the United States shall
        provide the Administrative Agent, each Fronting Bank, each Swing Line Lender
        and
        such Borrower with the forms prescribed by the Internal Revenue Service of
        the
        United States certifying that such Lender is exempt from United States
        withholding taxes with respect to all payments to be made to such Lender
        hereunder and under any Note. If for any reason during the term of this
        Agreement, any Lender becomes unable to submit the forms referred to above
        or
        the information or representations contained therein are no longer accurate
        in
        any material respect, such Lender shall promptly notify the Administrative
        Agent, each Fronting Bank, each Swing Line Lender and each Borrower in writing
        to that effect. Unless the Borrowers, the Fronting Banks, the Swing Line
        Lenders
        and the Administrative Agent have received forms or other documents satisfactory
        to them indicating that payments hereunder or under any Note are not subject
        to
        United States withholding tax, each Borrower, each Fronting Bank or the
        Administrative Agent shall withhold taxes from such payments at the applicable
        statutory rate in the case of payments to or for any Lender organized under
        the
        laws of a jurisdiction outside the United States.

       

      (e) Any
        Lender claiming any additional amounts payable
        pursuant to this Section 2.16 shall use its best efforts (consistent
        with
        its internal policy and legal and regulatory restrictions) to change the
        jurisdiction of its Applicable Lending Office if the making of such a change
        would avoid the need for, or reduce the amount of, any such additional amounts
        that may thereafter accrue and would not, in the reasonable judgment of such
        Lender, be otherwise disadvantageous to such Lender.

       

      
        
          
          

        

        
          42

          
            

          

        

        
          
          

        

      

      (f) Without
        prejudice to the survival of any other agreement
        of the Borrowers hereunder, the agreements and obligations of the Borrowers
        contained in this Section 2.16 shall survive the payment in full of
        principal and interest hereunder and under any Note.

       

      SECTION
        2.17. Sharing
        of Payments, Etc.

       

      If
        any Lender shall obtain any payment (whether voluntary,
        involuntary, through the exercise of any right of set-off, or otherwise)
        on
        account of the Advances made by it or participations in Letters of Credit
        acquired by it (other than pursuant to Section 2.02(c), 2.09, 2.11(c),
        2.13, 2.16 or 8.05(b)) in excess of its ratable share of payments on account
        of
        the Advances or Letters of Credit (as the case may be) obtained by all the
        Lenders, such Lender shall forthwith purchase from the other Lenders such
        participations in the Advances made by them or participations in Letters
        of
        Credit acquired by them (as the case may be) as shall be necessary to cause
        such
        purchasing Lender to share the excess payment ratably with each of them;
        provided, however, that if all or any portion of such excess payment is
        thereafter recovered from such purchasing Lender, such purchase from each
        Lender
        shall be rescinded and such Lender shall repay to the purchasing Lender the
        purchase price to the extent of such recovery together with an amount equal
        to
        such Lender’s ratable share (according to the proportion of (a) the amount
        of such Lender’s required repayment to (b) the total amount so recovered
        from the purchasing Lender) of any interest or other amount paid or payable
        by
        the purchasing Lender in respect of the total amount so recovered. Each Borrower
        agrees that any Lender so purchasing a participation from another Lender
        pursuant to this Section 2.17 may, to the fullest extent permitted
        by law,
        exercise all its rights of payment (including the right of set-off) with
        respect
        to such participation as fully as if such Lender were the direct creditor
        of
        such Borrower in the amount of such participation.

       

      SECTION
        2.18. Noteless
        Agreement; Evidence of Indebtedness.

       

      (a) Each
        Lender shall maintain in accordance with its usual
        practice an account or accounts evidencing the indebtedness of each Borrower
        to
        such Lender resulting from each Advance made by such Lender from time to
        time,
        including the amounts of principal and interest payable and paid to such
        Lender
        from time to time hereunder.

       

      (b) The
        Administrative Agent shall also maintain accounts in
        which it will record (i) the amount of each Advance made hereunder,
        the
        Borrower thereof, the Type thereof and the Interest Period (if any) with
        respect
        thereto, (ii) the amount of any principal or interest due and payable
        or to
        become due and payable from such Borrower to each Lender hereunder, and
        (iii) the amount of any sum received by the Administrative Agent hereunder
        from each Borrower and each Lender’s share thereof.

       

      (c) The
        entries maintained in the accounts maintained
        pursuant to subsections (a) and (b) above shall be prima facie evidence of
        the
        existence and amounts of the obligations therein recorded; provided,
        however, that the failure of the Administrative Agent or any Lender to
        maintain such accounts or any error therein shall not in any manner affect
        the
        obligation of each Borrower to repay such obligations in accordance with
        their
        terms.

       

      
        
          
          

        

        
          43

          
            

          

        

        
          
          

        

      

      (d) Any
        Lender may request that its Advances be evidenced by
        a Note. In such event, each Borrower shall prepare, execute and deliver to
        such
        Lender a Note payable to the order of such Lender. Thereafter, the Advances
        evidenced by such Note and interest thereon shall at all times (including
        after
        any assignment pursuant to Section 8.08) be represented by one or
        more
        Notes payable to the order of the payee named therein or any assignee pursuant
        to Section 8.08, except to the extent that any such Lender or assignee
        subsequently returns any such Note for cancellation and requests that such
        Borrowings once again be evidenced as described in subsections (a) and (b)
        above.

       

      SECTION
        2.19. Extension
        of Termination Date.

       

      (a) So
        long as no Event of Default or Unmatured Default has
        occurred and is continuing, the Borrowers may, no earlier than 90 days prior
        to
        the first anniversary of the date hereof but no later than 90 days prior
        to the
        fourth anniversary of the date hereof, by delivering a written request (the
        date
        of delivery of the written request described below being the
“Extension Notice Date”) to the Administrative Agent
        (such request being irrevocable), request that each Lender extend for one
        year
        the Termination Date with respect to such Lender’s Commitment. The
        Administrative Agent shall, upon its receipt of such request, promptly notify
        each Lender thereof, and request that each Lender promptly advise the
        Administrative Agent of its approval or rejection of such request. The Borrowers
        may exercise their right to request an extension of the Termination Date
        under
        this Section 2.19 only once.

       

      (b) Upon
        receipt of such notification from the Administrative
        Agent, each Lender may (but shall not be required to), in its sole and absolute
        discretion, agree to extend the Termination Date with respect to its Commitment
        and any of its Outstanding Credits for a period of one year, and shall (should
        it determine to do so), no earlier than 60 days but in any event no later
        than
        70 days immediately following the Extension Notice Date, notify the
        Administrative Agent in writing of its consent to such request. If any Lender
        shall not so notify the Administrative Agent, such Lender shall be deemed
        not to
        have agreed to such request. The Administrative Agent shall thereupon notify
        the
        Borrowers no later than 75 days following the Extension Notice Date as to
        the
        Lenders, if any, that have consented to such request. Notwithstanding the
        foregoing, no Advance shall be outstanding longer than 364 days.

       

      (c) If
        Lenders holding Commitments aggregating more than
        66-2/3% of the Commitments then in effect agree to such request, the Commitment
        of each Lender that agreed to such request shall be extended for a period
        of one
        year, commencing on the then-scheduled Termination Date; subject,
        however, to the condition precedent that, on or prior to the date of such
        extension, the Administrative Agent shall have received the following, each
        dated such date and in form and substance satisfactory to the Administrative
        Agent: (i) a certificate of a duly authorized officer of each Borrower
        to
        the effect that as of the date of extension of the Termination Date (A) no
        event has occurred and is continuing, or would result from the extension
        of the
        Termination Date, that constitutes an Event of Default or would, with the
        giving
        of notice or the lapse of time, or both, constitute an Event of Default and
        (B) the representations and warranties contained in Section 4.01
        are
        correct in all material respects on and as of the date of extension of the
        Termination Date, before and after giving effect to such extension, as though
        made on and as of such date, (ii) certified copies of the resolutions
        of
        the Board of Directors of each Borrower authorizing such extension and the
        performance of this Agreement on and after the date of extension of the
        Termination Date, and of all documents evidencing other necessary corporate
        action and governmental and regulatory approvals with respect to this Agreement
        and such extension of the Termination Date and (iii) an opinion of
        counsel
        to the Borrowers, as to such matters related to the foregoing as the
        Administrative Agent or the Lenders through the Administrative Agent may
        reasonably request. Subject to subsection (d) below, the Commitment
        of any
        Lender electing not to extend (or failing to notify the Administrative Agent
        in
        writing of its consent to extend) the Termination Date shall automatically
        terminate on the then-scheduled Termination Date (without regard to any
        extension by any other Lender).

       

      
        
          
          

        

        
          44

          
            

          

        

        
          
          

        

      

      (d) In
        the event that any Lender (a
“Nonconsenting Lender”) shall not agree (or shall be
        deemed not to have agreed) to an extension request of the Borrowers made
        pursuant to subsection (a) above, the Borrowers will have the right
        to
        substitute other financial institutions reasonably acceptable to the
        Administrative Agent, the Swing Line Lenders and the Fronting Banks for any
        Nonconsenting Lender (provided that the other Lenders shall have the
        right to increase their Commitments ratably according to the amount of their
        Commitments relative to the other Commitments that are to be extended up
        to the
        amount of the Commitment of such Nonconsenting Lender before the Borrowers
        shall
        be permitted to substitute any other financial institution for such
        Nonconsenting Lender) by causing any Nonconsenting Lender to assign its
        Commitment pursuant to Section 8.08 hereof, provided, however, that the
        parties to any such assignment shall not be required to pay the processing
        and
        recordation fee otherwise payable under Section 8.08(a)(iv), and provided,
        further that such Nonconsenting Lender shall, prior to the effectiveness of
        any such assignment, be paid in full all amounts due to it hereunder.

       

      (e) Upon
        the extension of the Termination Date in accordance
        with this Section 2.19, the Administrative Agent shall deliver to each Lender
        a
        revised Schedule I setting forth the Commitment of each Lender after giving
        effect to such extension of the Termination Date for each Lender, and such
        Schedule I shall replace the Schedule I in effect before the extension of
        the
        then applicable Termination Date.

       

      (f) In
        the event that any Lender shall not have consented to
        a request made by the Borrowers under this Section 2.19 to extend the
        Termination Date, then, on the date of any termination of such Lender’s
        Commitment pursuant to this Section 2.19, the Borrowers shall pay or prepay
        to
        such Lender the aggregate outstanding principal amount of all Advances of
        such
        Lender and an amount equal to the aggregate Stated Amount of all issued but
        undrawn Letters of Credit issued by such Lender with respect to such termination
        of its Commitment, together with accrued interest to the date of such prepayment
        on the principal amount prepaid and all other fees and other amounts due
        and
        payable to such Lender hereunder. In the case of any such prepayment of a
        Eurodollar Rate Advance, the Borrowers shall be obligated to reimburse each
        such
        Lender in respect thereof pursuant to Section 8.05(b).

       

      SECTION
        2.20. Several
        Obligations.

       

      Each
        Borrower’s obligations hereunder are several and not joint.
        Any action taken by or on behalf of the Borrowers shall not result in one
        Borrower being held responsible for the actions, debts or liabilities of
        the
        other Borrowers. Nothing contained herein shall be interpreted as requiring
        the
        Borrowers to effect Borrowings jointly.

       

      
        
          
          

        

        
          45

          
            

          

        

        
          
          

        

      

       

      ARTICLE III

      CONDITIONS
        OF LENDING AND ISSUING LETTERS
        OF CREDIT

       

      SECTION
        3.01. Conditions Precedent to Initial Extension
        of Credit.

       

      The
        obligation of each Lender to make its initial Advance to any
        Borrower, and the obligation of each Fronting Bank to issue its initial Letter
        of Credit, are subject to the conditions precedent that on or before the
        date of
        any such Extension of Credit:

       

      (a) The
        Administrative Agent shall have received the
        following, each dated the same date (except for the financial statements
        referred to in paragraph (iv)), in form and substance satisfactory
        to the
        Administrative Agent and (except for any Note) with one copy for each Fronting
        Bank and each Lender:

       

      (i) All
        Notes requested by any Lender pursuant to
        Section 2.18(d), duly completed and executed by each Borrower and
        payable
        to the order of such Lender;

       

      (ii) Certified
        copies of the resolutions of the Board of
        Directors of each Borrower approving this Agreement and the other Loan Documents
        to which it is, or is to be, a party and of all documents evidencing any
        other
        necessary corporate action with respect to this Agreement and such Loan
        Documents;

       

      (iii) A
        certificate of the Secretary or an Assistant
        Secretary of each Borrower certifying (A) the names and true signatures
        of
        the officers of such Borrower authorized to sign each Loan Document to which
        such Borrower is, or is to become, a party and the other documents to be
        delivered hereunder; (B) that attached thereto are true and correct
        copies
        of the Organizational Documents of such Borrower, in each case as in effect
        on
        such date; and (C) that attached thereto are true and correct copies
        of all
        governmental and regulatory authorizations and approvals (including such
        Borrower’s Approval, as applicable) required for the due execution, delivery and
        performance by such Borrower of this Agreement and each other Loan Document
        to
        which such Borrower is, or is to become, a party;

       

      (iv) Copies
        of the consolidated balance sheets of each
        Borrower and its Subsidiaries (other than FES and ATSI, the financial statements
        of which are consolidated into the balance sheets of FE) as of December 31,
        2004, and the related consolidated statements of income, retained earnings
        and
        cash flows of such Borrower and its Subsidiaries (other than FES and ATSI,
        the
        statements of income, retained earnings and cash flows of which are consolidated
        into the financial statements of FE) for the fiscal year then ended, certified
        by PricewaterhouseCoopers LLP, and the unaudited consolidated balance sheets
        of
        such Borrower and its Subsidiaries (other than FES and ATSI, the balance
        sheets
        of which are consolidated into the balance sheets of FE) as of March 31,
        2005
        and related consolidated statements of income, retained earnings and cash
        flows
        of such Borrower and its Subsidiaries for the three-month period then ended,
        in
        all cases as amended and restated to the date of delivery;

       

      (v) An
        opinion of Gary D. Benz, Esq., counsel for the
        Borrowers, substantially in the form of Exhibit G hereto;

       

      
        
          
          

        

        
          46

          
            

          

        

        
          
          

        

      

      (vi) An
        opinion of Akin Gump Strauss Hauer & Feld LLP,
        special counsel for the Borrowers, in substantially the form of Exhibit H
        hereto;

       

      (vii) A
        favorable opinion of King & Spalding LLP, special
        New York counsel for the Administrative Agent, substantially in the form
        of
        Exhibit I hereto; and

       

      (viii) Such
        other certifications, opinions, financial or
        other information, approvals and documents as the Administrative Agent, any
        Fronting Bank, any Swing Line Lender or any other Lender may reasonably request,
        all in form and substance satisfactory to the Administrative Agent, such
        Fronting Bank, such Swing Line Lender or such other Lender (as the case may
        be).

       

      (b) The
        Borrowers and each Fronting Bank shall have entered
        into an agreement, in form and substance satisfactory to such Fronting Bank,
        concerning fees payable by the Borrower to such Fronting Bank for its own
        account (the “Fronting Bank Fee Letters”).

       

      (c) The
        Borrowers shall have paid all of the fees payable in
        accordance with the Fee Letter, and the Borrowers shall have paid all the
        fees
        payable in accordance with the Fronting Bank Fee Letters.

       

      (d) All
        amounts outstanding under the Existing Credit
        Agreements, whether for principal, interest, fees or otherwise, shall have
        been
        paid in full, and all commitments to lend thereunder shall have been
        terminated.

       

      (e) The
        Administrative Agent shall have received all
        documentation and information required by regulatory authorities under
        applicable “know your customer” and anti-money laundering rules and regulations,
        including without limitation the USA Patriot Act (Title III of Pub. L. 107-56
        (signed into law October 26, 2001)). 

       

      SECTION
        3.02. Conditions Precedent to Each Extension of
        Credit.

       

      The
        obligation of each Lender to make an Advance to any Borrower
        as part of any Borrowing (including the initial Borrowing) that would increase
        the aggregate principal amount of Advances outstanding hereunder, and the
        obligation of each Fronting Bank to issue, amend, extend or renew a Letter
        of
        Credit (including the initial Letter of Credit for the account of such
        Borrower), shall be subject to the further conditions precedent that on the
        date
        of such Extension of Credit:

       

      (i) The
        following statements shall be true (and each of the
        giving of the applicable Notice of Pro-Rata Borrowing, Notice of Swing Line
        Borrowing or Letter of Credit Request and the acceptance by such Borrower
        of the
        proceeds of such Borrowing or the acceptance of a Letter of Credit by the
        Beneficiary thereof, as the case may be, shall constitute a representation
        and
        warranty by such Borrower that on the date of such Extension of Credit such
        statements are true):

       

      (A) The
        representations and warranties of such Borrower
        contained in Section 4.01 (other than subsections (f) and (g) thereof
        with
        respect to any Extension of Credit following the initial Extension of Credit)
        hereof are true and correct on and as of the date of such Extension of Credit,
        before and after giving effect to such Extension of Credit and to the
        application of the proceeds therefrom, as though made on and as of such date;
        

       

      
        
          
          

        

        
          47

          
            

          

        

        
          
          

        

      

      (B) No
        event has occurred and is continuing, or would result
        from such Extension of Credit or from the application of the proceeds therefrom,
        that constitutes an Event of Default with respect to such Borrower (and if
        FE
        has executed and delivered a Guaranty with respect to the obligations of
        such
        Borrower hereunder, with respect to FE) or would constitute an Event of Default
        with respect to such Borrower (and if FE has executed and delivered a Guaranty
        with respect to the obligations of such Borrower hereunder, with respect
        to FE)
        but for the requirement that notice be given or time elapse or both; and

       

      (C) Immediately
        following such Extension of Credit,
        (1) the aggregate amount of Outstanding Credits shall not exceed the
        aggregate amount of the Commitments then in effect, (2) the Outstanding
        Credits of any Lender shall not exceed the amount of such Lender’s Commitment,
        (3) the aggregate principal amount of Advances outstanding for such Borrower
        shall not exceed amounts authorized under such Borrower’s Approval or
        Supplemental Approval, as the case may be, (4) the Outstanding Credits for
        the
        account of any Borrower shall not exceed the Borrower Sublimit for such
        Borrower, (5) the aggregate principal amount of the Swing Line Advances
        outstanding shall not exceed the Swing Line Sublimit, and (6) if such
        Extension of Credit is the issuance of a Letter of Credit, the Stated Amount
        thereof, when aggregated with (x) the Stated Amount of each other
        Letter of
        Credit that is outstanding or with respect to which a Letter of Credit Request
        has been received and (y) the outstanding Reimbursement Obligations,
        shall
        not exceed the L/C Commitment Amount; 

       

      (ii) In
        the case of an Extension of Credit with respect to
        ATSI or FES, the financial statements described in Section 5.01(g)(ii)
        and
        (iii) shall be currently available for such Borrower, and such Borrower shall
        have delivered copies of such financial statements to the Administrative
        Agent;
        and

       

      (iii) Such
        Borrower shall have delivered to the
        Administrative Agent copies of such other approvals and documents as the
        Administrative Agent, any Fronting Bank, any Swing Line Lender or any other
        Lender (through the Administrative Agent) may reasonably request.

       

      SECTION
        3.03. Conditions Precedent to
        Conversions.

       

      The
        obligation of each Lender to Convert any Borrowing of any
        Borrower is subject to the conditions precedent that on the date of such
        Conversion:

       

      (a) The
        following statements shall be true (and the giving of
        the notice of Conversion pursuant to Section 2.11 shall constitute
        a
        representation and warranty by such Borrower that on the date of such Conversion
        such statements are true):

       

      
        
          
          

        

        
          48

          
            

          

        

        
          
          

        

      

      (i) The
        representations and warranties of such Borrower
        contained in Section 4.01 (other than subsections (f) and (g)
        thereof)
        are correct on and as of the date of such Conversion, before and after giving
        effect to such Conversion, as though made on and as of such date; and

       

      (ii) No
        event has occurred and is continuing or would result
        from such Conversion, that constitutes an Event of Default with respect to
        such
        Borrower (and, if FE has executed and delivered a Guaranty with respect to
        the
        obligations of such Borrower hereunder, with respect to FE) or that would
        constitute an Event of Default with respect to such Borrower (and, if FE
        has
        executed and delivered a Guaranty with respect to the obligations of such
        Borrower hereunder, with respect to FE) but for the requirement that notice
        be
        given or time elapse or both; and

       

      (b) Such
        Borrower shall have delivered to the Administrative
        Agent copies of such other approvals and documents as the Administrative
        Agent
        may reasonably request. 

       

      SECTION
        3.04. Conditions Precedent to Extensions of
        Credit after Expiration of Approval.

       

      At
        any time after the expiration of an Approval or Supplemental
        Approval applicable to a Borrower, the obligation of each Lender to make
        an
        Advance to such Borrower as part of any Borrowing (including the initial
        Borrowing) that would increase the aggregate principal amount of Advances
        outstanding hereunder, and the obligation of each Fronting Bank to issue,
        amend,
        extend or renew a Letter of Credit (including the initial Letter of Credit),
        shall be subject to the further conditions precedent that on or prior to
        the
        date of such Extension of Credit the Administrative Agent shall have received
        the following, each dated the same date, in form and substance satisfactory
        to
        the Administrative Agent and with one copy for each Fronting Bank and each
        Lender:

       

      (i) A
        certificate of the Secretary or an Assistant Secretary
        of such Borrower certifying that attached thereto is a true and correct copy
        of
        the Supplemental Approval and that such order has been issued and is in full
        force and effect; and

       

      (ii) An
        opinion of Akin Gump Strauss Hauer & Feld LLP,
        special counsel for such Borrower, if such Supplemental Approval consists
        of an
        SEC order, or Gary D. Benz, Esq., counsel for such Borrower, if such
        Supplemental Approval consists of a PUCO order, to the effect that no
        Governmental Action is or will be required in connection with the execution,
        delivery or performance by such Borrower, or the consummation by such Borrower
        of the transactions contemplated by this Agreement or any other Loan Document
        to
        which it is, or is to become, a party other than such Supplemental Approval,
        which has been duly issued and is in full force and effect.

       

      
        
          
          

        

        
          49

          
            

          

        

        
          
          

        

      

       

      ARTICLE IV

      REPRESENTATIONS
        AND WARRANTIES

       

      SECTION
        4.01. Representations and Warranties of the
        Borrowers.

       

      Each
        Borrower represents and warrants as follows:

       

      (a) Corporate
        Existence and Power.
        It is a corporation duly incorporated, validly existing and in good standing
        under the laws of the jurisdiction of its incorporation, is duly qualified
        to do
        business as a foreign corporation in and is in good standing under the laws
        of
        each state in which the ownership of its properties or the conduct of its
        business makes such qualification necessary except where the failure to be
        so
        qualified would not have a material adverse effect on its business or financial
        condition or its ability to perform its obligations under the Loan Documents,
        and has all corporate powers and all material governmental licenses,
        authorizations, consents and approvals required to carry on its business
        as now
        conducted.

       

      (b) Corporate
        Authorization. The
        execution, delivery and performance by it of each Loan Document to which
        it is,
        or is to become, a party, have been duly authorized by all necessary corporate
        action on its part and do not, and will not, require the consent or approval
        of
        its shareholders, or any trustee or holder of any Indebtedness or other
        obligation of it, other than such consents and approvals as have been duly
        obtained, given or accomplished.

       

      (c) No
        Violation, Etc. Neither the
        execution, delivery or performance by it of this Agreement or any other Loan
        Document to which it is, or is to become, a party, nor the consummation by
        it of
        the transactions contemplated hereby or thereby, nor compliance by it with
        the
        provisions hereof or thereof, conflicts or will conflict with, or results
        or
        will result in a breach or contravention of any of the provisions of its
        Organizational Documents, any Applicable Law, or any indenture, mortgage,
        lease
        or any other agreement or instrument to which it or any of its Affiliates
        is
        party or by which its property or the property of any of its Affiliates is
        bound, or results or will result in the creation or imposition of any Lien
        upon
        any of its property or the property of any of its Affiliates except as provided
        herein. There is no provision of its Organizational Documents, or any Applicable
        Law, or any such indenture, mortgage, lease or other agreement or instrument
        that materially adversely affects, or in the future is likely (so far as
        it can
        now foresee) to materially adversely affect, its business, operations, affairs,
        condition, properties or assets or its ability to perform its obligations
        under
        this Agreement or any other Loan Document to which it is, or is to become,
        a
        party. Each of such Borrower and each of its Subsidiaries is in compliance
        with
        all laws (including, without limitation, ERISA and Environmental Laws),
        regulations and orders of any Governmental Authority applicable to it or
        its
        property and all indentures, agreements and other instruments binding upon
        it or
        its property, except where the failure to do so, individually or in the
        aggregate, has not had and could not reasonably be expected to have a material
        adverse effect on (i) the business, assets, operations, condition
        (financial or otherwise) or prospects of such Borrower and its Subsidiaries
        taken as a whole, or (ii) the legality, validity or enforceability
        of any
        of the Loan Documents or the rights, remedies and benefits available to the
        parties thereunder or the ability of such Borrower to perform its obligations
        under the Loan Documents.

       

      
        
          
          

        

        
          50

          
            

          

        

        
          
          

        

      

      (d) Governmental
        Actions. No
        Governmental Action is or will be required in connection with the execution,
        delivery or performance by it, or the consummation by it of the transactions
        contemplated by this Agreement or any other Loan Document to which it is,
        or is
        to become, a party other than (i) such Borrower’s Approval, as applicable,
        which has been duly issued and is in full force and effect and (ii) such
        Borrower’s Supplemental Approval, as applicable. 

       

      (e) Execution
        and Delivery. This
        Agreement and the other Loan Documents to which it is, or is to become, a
        party
        have been or will be (as the case may be) duly executed and delivered by
        it, and
        this Agreement is, and upon execution and delivery thereof each other Loan
        Document will be, the legal, valid and binding obligation of it enforceable
        against it in accordance with its terms, subject, however, to the
        application by a court of general principles of equity and to the effect
        of any
        applicable bankruptcy, insolvency, reorganization, moratorium or similar
        laws
        affecting creditors’ rights generally.

       

      (f) Litigation.
        Except as disclosed
        with respect to ATSI and FES, in FE’s Annual Report on Form 10-K for the
        fiscal year ended December 31, 2004, its Quarterly Report on Form 10-Q
        for the quarter ended March 31, 2005 and its Current Reports on Form 8-K
        filed
        in 2005 prior to the date hereof (copies of which have been furnished to
        each
        Bank) or with respect to any other Borrower, in such Borrower’s Annual Report on
        Form 10-K for the fiscal year ended December 31, 2004, its
        Quarterly
        Report on Form 10-Q for the quarter ended March 31, 2005 and its Current
        Reports on Form 8-K filed in 2005 prior to the date hereof (copies of which
        have
        been furnished to each Bank for each Borrower other than ATSI and FES, there
        is
        no pending or threatened action or proceeding (including, without limitation,
        any proceeding relating to or arising out of Environmental Laws) affecting
        it or
        any of its Subsidiaries before any court, governmental agency or arbitrator
        that
        has a reasonable possibility of having a material adverse effect on the
        business, condition (financial or otherwise), results of operations or prospects
        of it and its consolidated subsidiaries, taken as a whole, or on the ability
        of
        such Borrower to perform its obligations under this Agreement or any other
        Loan
        Document, and there has been no development in the matters disclosed in such
        filings that has had such a material adverse effect.

       

      (g) Financial
        Statements; Material Adverse
        Change. The consolidated balance sheets of FE and its
        Subsidiaries, with respect to ATSI and FES, and such Borrower and its
        Subsidiaries, with respect to any other Borrower, as at December 31,
        2004,
        and the related consolidated statements of income, retained earnings and
        cash
        flows of FE and its Subsidiaries, with respect to ATSI and FES, and such
        Borrower and its Subsidiaries, with respect to any other Borrower, for the
        fiscal year then ended, certified by PricewaterhouseCoopers LLP, independent
        public accountants, and the unaudited consolidated balance sheet of FE and
        its
        Subsidiaries, with respect to ATSI and FES, and such Borrower and its
        Subsidiaries, with respect to any other Borrower, as at March 31,
        2005, and
        the related consolidated statements of income, retained earnings and cash
        flows
        of FE and its Subsidiaries, with respect to ATSI and FES, and such Borrower
        and
        its Subsidiaries, with respect to any other Borrower, for the three months
        then
        ended, copies of each of which have been furnished to each Bank and each
        Fronting Bank, in all cases as amended and restated to the date hereof, present
        fairly the consolidated financial position of such Borrower and its Subsidiaries
        as at such dates and the consolidated results of the operations of such Borrower
        and its Subsidiaries for the periods ended on such dates, all in accordance
        with
        GAAP consistently applied. Except as disclosed in FE’s, with respect to ATSI and
        FES, or such Borrower’s, with respect to any other Borrower, Annual Report on
        Form 10-K for the fiscal year ended December 31, 2004, its Quarterly Report
        on
        form 10-Q for the quarter ended March 31, 2005 and its Current Reports on
        Form
        8-K filed in 2005 prior to the date hereof (copies of which have been furnished
        to each Bank, there has been no material adverse change in the business,
        condition (financial or otherwise), results of operations or prospects of
        such
        Borrower and its Consolidated Subsidiaries, taken as a whole, since December
        31,
        2004.

       

      
        
          
          

        

        
          51

          
            

          

        

        
          
          

        

      

      (h) ERISA.

       

      (i) No
        Termination Event has occurred or is reasonably
        expected to occur with respect to any Plan.

       

      (ii) Schedule B
        (Actuarial Information) to the most
        recent annual report (Form 5500 Series) with respect to each Plan,
        copies
        of which have been filed with the Internal Revenue Service and furnished
        to the
        Banks, is complete and accurate and fairly presents the funding status of
        such
        Plan, and since the date of such Schedule B there has been no material
        adverse change in such funding status.

       

      (iii) Neither
        it nor any member of the Controlled Group has
        incurred nor reasonably expects to incur any withdrawal liability under ERISA
        to
        any Multiemployer Plan.

       

      (i) Taxes.
        It and each of its
        Subsidiaries has filed all tax returns (federal, state and local) required
        to be
        filed and paid all taxes shown thereon to be due, including interest and
        penalties, or provided adequate reserves for payment thereof in accordance
        with
        GAAP other than such taxes that such Borrower or such Subsidiary is contesting
        in good faith by appropriate legal proceedings.

       

      (j) Use
        of Proceeds. The
        proceeds of each Extension of Credit and each Letter of Credit will be used
        solely for the general corporate purposes of such Borrower and/or its
        Subsidiaries.

       

      (k) Margin
        Stock. After
        applying the proceeds of each Extension of Credit, not more than 25% of the
        value of the assets of such Borrower and its Subsidiaries subject to the
        restrictions of Section 5.03(a) or (b) will consist of or be represented
        by
        Margin Stock. Such Borrower is not engaged in the business of extending credit
        for the purpose of purchasing or carrying Margin Stock, and no proceeds of
        any
        Extension of Credit will be used to purchase or carry any Margin Stock or
        to
        extend credit to others for the purpose of purchasing or carrying any Margin
        Stock.

       

      (l) Investment
        Company.
        Such Borrower is not an “investment company” or a company “controlled” by an
“investment company” within the meaning of the Investment Company Act of 1940,
        as amended, or an “investment advisor” within the meaning of the Investment
        Advisers Act of 1940, as amended.

       

      (m) No
        Event of Default. No event
        has occurred and is continuing that constitutes an Event of Default or that
        would constitute an Event of Default (including, without limitation, an Event
        of
        Default under Section 6.01(e)) but for the requirement that notice
        be given
        or time elapse or both. 

       

      
        
          
          

        

        
          52

          
            

          

        

        
          
          

        

      

      (n) Solvency.  (i)  The
        fair saleable value of its assets will exceed the amount that will be required
        to be paid on or in respect of the probable liability on its existing debts
        and
        other liabilities (including contingent liabilities) as they mature;
        (ii) its assets do not constitute unreasonably small capital to carry
        out
        its business as now conducted or as proposed to be conducted; (iii) it
        does
        not intend to incur debts beyond its ability to pay such debts as they mature
        (taking into account the timing and amounts of cash to be received by it
        and the
        amounts to be payable on or in respect of its obligations); and (iv) it
        does not believe that final judgments against it in actions for money damages
        presently pending will be rendered at a time when, or in an amount such that,
        it
        will be unable to satisfy any such judgments promptly in accordance with
        their
        terms (taking into account the maximum reasonable amount of such judgments
        in
        any such actions and the earliest reasonable time at which such judgments
        might
        be rendered). Its cash flow, after taking into account all other anticipated
        uses of its cash (including the payments on or in respect of debt referred
        to in
        clause (iii) above), will at all times be sufficient to pay all such
        judgments promptly in accordance with their terms.

       

      (o) No
        Material Misstatements. The
        reports, financial statements and other written information furnished by
        or on
        behalf of such Borrower to the Administrative Agent, any Fronting Bank or
        any
        Lender pursuant to or in connection with the Loan Documents and the transactions
        contemplated thereby do not contain and will not contain, when taken as a
        whole,
        any untrue statement of a material fact and do not omit and will not omit,
        when
        taken as a whole, to state any fact necessary to make the statements therein,
        in
        the light of the circumstances under which they were or will be made, not
        misleading in any material respect.

       

       

      ARTICLE V

      COVENANTS
        OF THE BORROWERS

       

      SECTION
        5.01. Affirmative Covenants of the
        Borrowers.

       

      Unless
        the Majority Lenders shall otherwise consent in writing, so
        long as any amount payable by any Borrower hereunder shall remain unpaid,
        FE
        shall have any obligations under any Guaranty, any Letter of Credit shall
        remain
        outstanding or any Lender shall have any Commitment hereunder, such Borrower
        will:

       

      (a) Preservation
        of Corporate Existence,
        Etc. (i) Without limiting the right of such Borrower to
        merge
        with or into or consolidate with or into any other corporation or entity
        in
        accordance with the provisions of Section 5.03(c) hereof, preserve
        and
        maintain its corporate existence in the state of its incorporation and qualify
        and remain qualified as a foreign corporation in each jurisdiction in which
        such
        qualification is reasonably necessary in view of its business and operations
        or
        the ownership of its properties and (ii) preserve, renew and keep
        in full
        force and effect the rights, privileges and franchises necessary or desirable
        in
        the normal conduct of its business.

       

      (b) Compliance
        with Laws, Etc.
        Comply, and cause each of its Subsidiaries to comply, in all material respects
        with all applicable laws, rules, regulations, and orders of any Governmental
        Authority, the noncompliance with which would materially and adversely affect
        the business or condition of such Borrower and its Subsidiaries, taken as
        a
        whole, such compliance to include, without limitation, compliance with the
        USA
        Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)),
        regulations promulgated by the U.S. Treasury Department Office of Foreign
        Assets
        Control, Environmental Laws and ERISA and paying before the same become
        delinquent all material taxes, assessments and governmental charges imposed
        upon
        it or upon its property, except to the extent compliance with any of the
        foregoing is then being contested in good faith by appropriate legal
        proceedings.

       

      
        
          
          

        

        
          53

          
            

          

        

        
          
          

        

      

      (c) Maintenance
        of Insurance, Etc.
        Maintain insurance with responsible and reputable insurance companies or
        associations or through its own program of self-insurance in such amounts
        and
        covering such risks as is usually carried by companies engaged in similar
        businesses and owning similar properties in the same general areas in which
        such
        Borrower operates and furnish to the Administrative Agent, within a reasonable
        time after written request therefor, such information as to the insurance
        carried as any Lender or any Fronting Bank, through the Administrative Agent,
        may reasonably request.

       

      (d) Inspection
        Rights. At any
        reasonable time and from time to time as the Administrative Agent, any Fronting
        Bank or any Lender may reasonably request, permit the Administrative Agent,
        such
        Fronting Bank or such Lender or any agents or representatives thereof to
        examine
        and make copies of and abstracts from the records and books of account of,
        and
        visit the properties of, such Borrower and any of its Subsidiaries, and to
        discuss the affairs, finances and accounts of such Borrower and any of its
        Subsidiaries with any of their respective officers or directors; provided,
        however, that such Borrower reserves the right to restrict access to any of
        its Subsidiaries’ generating facilities in accordance with reasonably adopted
        procedures relating to safety and security. The Administrative Agent, each
        Fronting Bank and each Lender agree to use reasonable efforts to ensure that
        any
        information concerning such Borrower or any of its Subsidiaries obtained
        by the
        Administrative Agent, such Fronting Bank or such Lender pursuant to this
        subsection (d) or subsection (g) that is not contained in a
        report or
        other document filed with the SEC, distributed by such Borrower to its security
        holders or otherwise generally available to the public, will, to the extent
        permitted by law and except as may be required by valid subpoena or in the
        normal course of the Administrative Agent’s, such Fronting Bank’s or such
        Lender’s business operations be treated confidentially by the Administrative
        Agent, such Fronting Bank or such Lender, as the case may be, and will not
        be
        distributed or otherwise made available by the Administrative Agent, such
        Fronting Bank or such Lender, as the case may be, to any Person, other than
        the
        Administrative Agent’s, such Fronting Bank’s or such Lender’s employees,
        authorized agents or representatives (including, without limitation, attorneys
        and accountants).

       

      (e) Keeping
        of Books. Keep, and
        cause each Subsidiary to keep, proper books of record and account in which
        entries shall be made of all financial transactions and the assets and business
        of such Borrower and each of its Subsidiaries in accordance with GAAP.

       

      (f) Maintenance
        of Properties.
        Maintain and preserve, and cause each of its Subsidiaries to maintain and
        preserve, all of its properties that are used or that are useful in the conduct
        of its business in good working order and condition, ordinary wear and tear
        excepted, it being understood that this covenant relates only to the good
        working order and condition of such properties and shall not be construed
        as a
        covenant of such Borrower or any of its Subsidiaries not to dispose of such
        properties by sale, lease, transfer or otherwise.

       

      
        
          
          

        

        
          54

          
            

          

        

        
          
          

        

      

      (g) Reporting
        Requirements.
        Furnish, or cause to be furnished, to the Administrative Agent, with sufficient
        copies for each Lender and each Fronting Bank, the following:

       

      (i) promptly
        after the occurrence of any Event of Default,
        the statement of an authorized officer of such Borrower setting forth details
        of
        such Event of Default and the action that such Borrower has taken or proposes
        to
        take with respect thereto;

       

      (ii) as
        soon as available and in any event within 50 days
        after the close of each of the first three quarters in each fiscal year of
        such
        Borrower (other than ATSI or FES, unless then currently available for either
        such Borrower), consolidated balance sheets of such Borrower and its
        Subsidiaries as at the end of such quarter and consolidated statements of
        income
        of such Borrower and its Subsidiaries for the period commencing at the end
        of
        the previous fiscal year and ending with the end of such quarter, fairly
        presenting the financial condition of such Borrower and its Subsidiaries
        as at
        such date and the results of operations of such Borrower and its Subsidiaries
        for such period and setting forth in each case in comparative form the
        corresponding figures for the corresponding period of the preceding fiscal
        year,
        all in reasonable detail and duly certified (subject to year-end audit
        adjustments) by the chief financial officer, treasurer, assistant treasurer
        or
        controller of such Borrower as having been prepared in accordance with GAAP
        consistently applied;

       

      (iii) as
        soon as available and in any event within 105 days
        after the end of each fiscal year of such Borrower (other than ATSI or FES,
        unless then currently available for either such Borrower), a copy of the
        annual
        report for such year for such Borrower and its Subsidiaries, containing
        consolidated and consolidating financial statements of such Borrower and
        its
        Subsidiaries for such year certified in a manner acceptable to the Lenders
        and
        the Fronting Banks by PricewaterhouseCoopers LLP or other independent public
        accountants acceptable to the Lenders and the Fronting Banks, together with
        statements of projected financial performance prepared by management for
        the
        next fiscal year, in form satisfactory to the Administrative Agent;

       

      (iv) concurrently
        with the delivery of the financial
        statements specified in clauses (ii) and (iii) above a certificate
        of
        the chief financial officer, treasurer, assistant treasurer or controller
        of
        such Borrower (A) stating whether he has any knowledge of the occurrence
        at
        any time prior to the date of such certificate of an Event of Default not
        theretofore reported pursuant to the provisions of clause (i) of this
        subsection (g) or of the occurrence at any time prior to such date
        of any
        such Event of Default, except Events of Default theretofore reported pursuant
        to
        the provisions of clause (i) of this subsection (g) and remedied,
        and,
        if so, stating the facts with respect thereto, and (B) setting forth
        in a
        true and correct manner, the calculation of the ratios contemplated by
        Section 5.02 hereof, as of the date of the most recent financial statements
        accompanying such certificate, to show such Borrower’s compliance with or the
        status of the financial covenants contained in Section 5.02 hereof;

       

      
        
          
          

        

        
          55

          
            

          

        

        
          
          

        

      

      (v) promptly
        after the sending or filing thereof, copies of
        any reports that such Borrower sends to any of its securityholders, and copies
        of all reports on Form 10-K, Form 10-Q or Form 8-K that such Borrower or
        any of
        its Subsidiaries files with the SEC;

       

      (vi) as
        soon as possible and in any event (A) within 30
        days after such Borrower or any member of the Controlled Group knows or has
        reason to know that any Termination Event described in clause (i) of
        the
        definition of Termination Event with respect to any Plan has occurred and
        (B)
        within 10 days after such Borrower or any member of the Controlled Group
        knows
        or has reason to know that any other Termination Event with respect to any
        Plan
        has occurred, a statement of the chief financial officer of such Borrower
        describing such Termination Event and the action, if any, that such Borrower
        or
        such member of the Controlled Group, as the case may be, proposes to take
        with
        respect thereto;

       

      (vii) promptly
        and in any event within two Business Days
        after receipt thereof by such Borrower or any member of the Controlled Group
        from the PBGC, copies of each notice received by such Borrower or any such
        member of the Controlled Group of the PBGC’s intention to terminate any Plan or
        to have a trustee appointed to administer any Plan;

       

      (viii) promptly
        and in any event within 30 days after the
        filing thereof with the Internal Revenue Service, copies of each Schedule B
        (Actuarial Information) to the annual report (Form 5500 Series) with respect
        to
        each Plan;

       

      (ix) promptly
        and in any event within five Business Days
        after receipt thereof by such Borrower or any member of the Controlled Group
        from a Multiemployer Plan sponsor, a copy of each notice received by such
        Borrower or any member of the Controlled Group concerning the imposition
        of
        withdrawal liability pursuant to Section 4202 of ERISA;

       

      (x) promptly
        and in any event within five Business Days after
        Moody’s or S&P has changed any relevant Reference Rating, notice of such
        change; and

       

      (xi) such
        other information respecting the condition or
        operations, financial or otherwise, of such Borrower or any of its Subsidiaries,
        including, without limitation, copies of all reports and registration statements
        that such Borrower or any Subsidiary files with the SEC or any national
        securities exchange, as the Administrative Agent or any Fronting Bank or
        any
        Lender (through the Administrative Agent) may from time to time reasonably
        request.

       

      (h) Borrower
        Approvals. Maintain
        such Borrower’s Approval, as applicable, and, on and after the date of any
        Extension of Credit after the expiration of such Borrower’s Approval, as
        applicable, such Borrower’s Supplemental Approval, as applicable, in full force
        and effect and comply with all terms and conditions thereof until all amounts
        outstanding under the Loan Documents shall have been repaid or paid (as the
        case
        may be) and the Termination Date has occurred.

       

      
        
          
          

        

        
          56

          
            

          

        

        
          
          

        

      

      SECTION
        5.02. Financial
        Covenants of the Borrowers.

       

      Unless
        the Majority Lenders shall otherwise consent in writing, so
        long as any amount payable by any Borrower hereunder shall remain unpaid,
        FE
        shall have any obligations under any Guaranty, any Letter of Credit shall
        remain
        outstanding or any Lender shall have any Commitment hereunder:

       

      (a) FirstEnergy
        Fixed Charge Ratio.
        Unless and until FE obtains Reference Ratings of at least BBB- by S&P or
        Baa2 by Moody’s, FE will maintain a FirstEnergy Fixed Charge Ratio of at least
        2.00 to 1.00 (determined as of the last day of each fiscal
        quarter).

       

      (b) Debt
        to Capitalization Ratio.
        Each Borrower will maintain a Debt to Capitalization Ratio of no more than
        0.65
        to 1.00 (determined as of the last day of each fiscal quarter); provided,
        however, that each of FES and ATSI shall be required to comply with such
        covenant only if any Advance or Letter of Credit issued for the account of
        such
        Borrower is outstanding under this Agreement, unless such Borrower shall
        have
        delivered to the Administrative Agent a duly completed Guaranty, executed
        by
        FE.

       

      SECTION
        5.03. Negative
        Covenants of the Borrowers.

       

      Unless
        the Majority Lenders shall otherwise consent in writing, so
        long as any amount payable by the Borrowers hereunder shall remain unpaid,
        FE
        shall have any obligations under any Guaranty, any Letter of Credit shall
        remain
        outstanding or any Lender shall have any Commitment hereunder, such Borrower
        will not:

       

      (a) Sales,
        Etc. (i) Sell,
        lease, transfer or otherwise dispose of any shares of common stock of any
        domestic Significant Subsidiary, whether now owned or hereafter acquired
        by such
        Borrower, or permit any Significant Subsidiary that is a Subsidiary of such
        Borrower to do so or (ii) permit such Borrower or any Subsidiary to sell,
        lease,
        transfer or otherwise dispose of (whether in one transaction or a series
        of
        transactions) assets located in The United States of America representing
        in the
        aggregate more than 15% (determined at the time of each such transaction)
        of the
        value of all of the consolidated fixed assets of such Borrower, as reported
        on
        the most recent consolidated balance sheet of such Borrower, to any entity
        other
        than such Borrower or any of its wholly owned direct or indirect Subsidiaries
        or, in the case of TE, to Centerior Funding Corporation; provided,
        however, that this provision shall not restrict the transfer of nuclear and
        fossil generation assets from Penn, OE, CEI and TE to FirstEnergy Nuclear
        Generation Corp. and FirstEnergy Generation Corp., respectively (the
“Generation Transfers”).

       

      (b) Liens,
        Etc. Create or suffer to
        exist, or permit any Significant Subsidiary that is a Subsidiary of such
        Borrower to create or suffer to exist, any Lien upon or with respect to any
        of
        its properties (including, without limitation, any shares of any class of
        equity
        security of any Significant Subsidiary that is a Subsidiary of such Borrower),
        in each case to secure or provide for the payment of Indebtedness, other
        than
        (i) liens consisting of (A) pledges or deposits in the ordinary
        course
        of business to secure obligations under worker’s compensation laws or similar
        legislation, (B) deposits in the ordinary course of business to secure,
        or
        in lieu of, surety, appeal, or customs bonds to which such Borrower or
        Significant Subsidiary is a party, (C) pledges or deposits in the
        ordinary
        course of business to secure performance in connection with bids, tenders
        or
        contracts (other than contracts for the payment of money), or
        (D) materialmen’s, mechanics’, carriers’, workers’, repairmen’s or other
        like Liens incurred in the ordinary course of business for sums not yet due
        or
        currently being contested in good faith by appropriate proceedings diligently
        conducted, or deposits to obtain in the release of such Liens;
        (ii) purchase money liens or purchase money security interests upon
        or in
        any property acquired or held by such Borrower or Significant Subsidiary
        in the
        ordinary course of business, which secure the purchase price of such property
        or
        secure indebtedness incurred solely for the purpose of financing the acquisition
        of such property; (iii) Liens existing on the property of any Person
        at the
        time that such Person becomes a direct or indirect Significant Subsidiary
        of
        such Borrower or Significant Subsidiary; provided that such Liens were
        not created to secure the acquisition of such Person; (iv) Liens in
        existence on the date of this Agreement; (v) Liens created by any First Mortgage
        Indenture, so long as (A) under the terms thereof no “event of default”
        (howsoever designated) in respect of any bonds issued thereunder will be
        triggered by reference to an Event of Default or Unmatured Default and (B)
        no
        such Liens shall apply to assets acquired from such Borrower or any Significant
        Subsidiary if such assets were free of Liens (other than as a result of a
        release of such Liens in contemplation of such acquisition) immediately prior
        to
        any such acquisition; (vi) Liens on assets of ATSI to secure Indebtedness
        of ATSI, provided, however, that the aggregate principal
        amount of Indebtedness secured by such Liens shall not at any time exceed
        60% of
        the depreciated book value of the property subject to such Liens;
        (vii) Liens securing Stranded Cost Securitization Bonds; (viii) Liens
        on
        cash (in an aggregate amount not to exceed $270,000,000) pledged to secure
        reimbursement obligations for letters of credit issued for the account of
        OE;(ix) Liens on assets transferred in the Generation Transfers in
        favor of
        the transferor thereof; and (x) Liens created for the sole purpose
        of
        extending, renewing or replacing in whole or in part Indebtedness secured
        by any
        Lien referred to in the foregoing clauses (i) through (ix);
provided, however, that the principal amount of Indebtedness
        secured thereby shall not exceed the principal amount of Indebtedness so
        secured
        at the time of such extension, renewal or replacement, and that such extension,
        renewal or replacement, as the case may be, shall be limited to all or a
        part of
        the property or Indebtedness that secured the Lien so extended, renewed or
        replaced (and any improvements on such property).

       

      
        
          
          

        

        
          57

          
            

          

        

        
          
          

        

      

      (c) Mergers,
        Etc. Merge with or
        into or consolidate with or into any other Person, or permit any of its
        Subsidiaries to do so unless (i) immediately after giving effect thereto,
        no event shall occur and be continuing that constitutes an Event of Default,
        (ii) the consolidation or merger shall not materially and adversely
        affect
        the ability of such Borrower (or its successor by merger or consolidation
        as
        contemplated by clause (i) of this subsection (c)) to perform
        its
        obligations hereunder or under any other Loan Document, and (iii) in
        the
        case of any merger or consolidation to which such Borrower is a party, the
        corporation formed by such consolidation or into which such Borrower shall
        be
        merged shall assume such Borrower’s obligations under this Agreement and the
        other Loan Documents to which it is a party in a writing satisfactory in
        form
        and substance to the Majority Lenders and the Fronting Banks.

       

      (d) Compliance
        with ERISA.
        (i) Enter into any “prohibited transaction” (as defined in
        Section 4975 of the Code, and in ERISA) involving any Plan that may
        result
        in any liability of such Borrower to any Person that (in the opinion of the
        Majority Lenders and the Fronting Banks) is material to the financial position
        or operations of such Borrower or (ii) allow or suffer to exist any
        other
        event or condition known to such Borrower that results in any liability of
        such
        Borrower to the PBGC that (in the opinion of the Majority Lenders and the
        Fronting Banks) is material to the financial position or operations of such
        Borrower. For purposes of this subsection (d), “liability” shall not
        include termination insurance premiums payable under Section 4007
        of
        ERISA.

       

      (e) Use
        of Proceeds. Use the
        proceeds of any Extension of Credit for any purpose other than working capital
        and other general corporate purposes of such Borrower and its Subsidiaries;
        provided, however, that such Borrower may not use such proceeds in
        connection with any Hostile Acquisition.

       

      
        
          
          

        

        
          58

          
            

          

        

        
          
          

        

      

       

      ARTICLE VI

      EVENTS
        OF DEFAULT

       

      SECTION
        6.01. Events of
        Default.

       

      If
        any of the following events shall occur and be continuing with
        respect to any Borrower, or with respect to FE at any time that a Guaranty
        with
        respect to such Borrower’s obligations hereunder is in effect (as to such
        Borrower, an “Event of Default”):

       

      (a) Any
        principal of, or interest on, any Advance, or any
        Reimbursement Obligation, or any fees or other amounts payable hereunder
        shall
        not be paid by such Borrower when the same become due and payable; or

       

      (b) Any
        representation or warranty made by such Borrower (or
        any of its officers) in any Loan Document or in connection with any Loan
        Document shall prove to have been incorrect or misleading in any material
        respect when made; or

       

      (c) (i) Such
        Borrower shall fail to perform or observe
        any covenant set forth in Section 5.02 or Section 5.03 on its
        part to
        be performed or observed or (ii) such Borrower shall fail to perform
        or
        observe any other term, covenant or agreement contained in this Agreement
        or any
        other Loan Document on its part to be performed or observed and such failure
        shall remain unremedied for 30 days after written notice thereof shall
        have
        been given to such Borrower by the Administrative Agent or any Lender; or

       

      (d) Any
        material provision of this Agreement or any other
        Loan Document shall at any time and for any reason cease to be valid and
        binding
        upon such Borrower, except pursuant to the terms thereof, or shall be declared
        to be null and void, or the validity or enforceability thereof shall be
        contested by such Borrower or any Governmental Authority, or such Borrower
        shall
        deny that it has any or further liability or obligation under this Agreement
        or
        any other Loan Document; or

       

      (e) Such
        Borrower or any Significant Subsidiary that is a
        Subsidiary of such Borrower shall fail to pay any principal of or premium
        or
        interest on any Indebtedness (other than, in the case of FE, Indebtedness
        owed
        by FE under this Agreement) that is outstanding in a principal amount in
        excess
        of $50,000,000 in the aggregate when the same becomes due and payable (whether
        by scheduled maturity, required prepayment, acceleration, demand or otherwise),
        and such failure shall continue after the applicable grace period, if any,
        specified in the agreement or instrument relating to such Indebtedness; or
        any
        other event shall occur or condition shall exist under any agreement or
        instrument relating to any such Indebtedness and shall continue after the
        applicable grace period, if any, specified in such agreement or instrument,
        if
        the effect of such event or condition is to accelerate, or to permit the
        acceleration of, the maturity of such Indebtedness; or any such Indebtedness
        shall be declared to be due and payable, or required to be prepaid (other
        than
        by a regularly scheduled required prepayment), prior to the stated maturity
        thereof; or

       

      
        
          
          

        

        
          59

          
            

          

        

        
          
          

        

      

      (f) Such
        Borrower or any Significant Subsidiary that is a
        Subsidiary of such Borrower shall generally not pay its debts as such debts
        become due, or shall admit in writing its inability to pay its debts generally,
        or shall make a general assignment for the benefit of creditors; or any
        proceeding shall be instituted by or against any Borrower or any Significant
        Subsidiary that is a Subsidiary of such Borrower seeking to adjudicate it
        a
        bankrupt or insolvent, or seeking liquidation, winding up, reorganization,
        arrangement, adjustment, protection, relief, or composition or arrangement
        with
        creditors, a readjustment of its debts, in each case under any law relating
        to
        bankruptcy, insolvency or reorganization or relief of debtors, or seeking
        the
        entry of an order for relief or the appointment of a receiver, trustee,
        custodian or other similar official for it or for any substantial part of
        its
        property and, in the case of any such proceeding instituted against it (but
        not
        instituted or acquiesced in by it), either such proceeding shall remain
        undismissed or unstayed for a period of 60 consecutive days, or any
        of the
        actions sought in such proceeding (including, without limitation, the entry
        of
        an order for relief against, or the appointment of a receiver, trustee,
        custodian or other similar official for, it or for any substantial part of
        its
        property) shall occur; or any Borrower or any Significant Subsidiary that
        is a
        Subsidiary of such Borrower shall take any corporate action to authorize
        or to
        consent to any of the actions set forth above in this subsection (f);
        or

       

      (g) Any
        judgment or order for the payment of money exceeding
        any applicable insurance coverage by more than $50,000,000 shall be rendered
        by
        a court of final adjudication against such Borrower or any Significant
        Subsidiary that is a Subsidiary of such Borrower and either (i) valid
        enforcement proceedings shall have been commenced by any creditor upon such
        judgment or order or (ii) there shall be any period of 10 consecutive
        days
        during which a stay of enforcement of such judgment or order, by reason of
        a
        pending appeal or otherwise, shall not be in effect; or

       

      (h) Any
        Termination Event with respect to a Plan shall have
        occurred, and, 30 days after notice thereof shall have been given to such
        Borrower by the Administrative Agent or any Lender, (i) such Termination
        Event (if correctable) shall not have been corrected and (ii) the
        then
        Unfunded Vested Liabilities of such Plan exceed $10,000,000 (or in the case
        of a
        Termination Event involving the withdrawal of a “substantial employer”
        (as defined in Section 4001(a)(2) of ERISA), the withdrawing
        employer’s proportionate share of such excess shall exceed such amount), or any
        Borrower or any member of the Controlled Group as employer under a Multiemployer
        Plan shall have made a complete or partial withdrawal from such Multiemployer
        Plan and the Plan sponsor of such Multiemployer Plan shall have notified
        such
        withdrawing employer that such employer has incurred a withdrawal liability
        in
        an amount exceeding $10,000,000; or

       

      
        
          
          

        

        
          60

          
            

          

        

        
          
          

        

      

      (i) Any
        change in Applicable Law or any Governmental Action
        shall occur that has the effect of making the transactions contemplated by
        this
        Agreement or any other Loan Document unauthorized, illegal or otherwise contrary
        to Applicable Law with respect to such Borrower; or

       

      (j) (i) FE
        shall fail to own directly or indirectly 100%
        of the issued and outstanding shares of common stock of each Significant
        Subsidiary (with any such failure constituting an Event of Default with respect
        to FE and any such Significant Subsidiary that is also a Borrower),
        (ii) any Person or two or more Persons acting in concert shall have
        acquired beneficial ownership (within the meaning of Rule 13d-3 of the
        Securities and Exchange Commission under the Securities Exchange Act of 1934,
        as
        amended), directly or indirectly, of securities of FE (or other securities
        convertible into such securities) representing 30% or more of the combined
        voting power of all securities of FE entitled to vote in the election of
        directors; (iii) commencing after the date of this Agreement, individuals
        who as of the date of this Agreement were directors shall have ceased for
        any
        reason to constitute a majority of the Board of Directors of FE unless the
        Persons replacing such individuals were nominated by the stockholders or
        the
        Board of Directors of FE in accordance with FE’s Organizational Documents; or
        (iv) 90 days shall have elapsed after any Person or two or more Persons
        acting in concert shall have entered into a contract or arrangement that
        upon
        consummation will result in its or their acquisition of, or control over,
        securities of FE (or other securities convertible into such securities)
        representing 30% or more of the combined voting power of all securities of
        FE
        entitled to vote in the election of directors (each a “Change of
        Control”).

       

      then,
        and in any such event, the Administrative Agent shall at the
        request, or may with the consent, of the Majority Lenders, (i) by
        notice to
        the defaulting Borrower, declare the obligation of each Lender to make Advances
        to such Borrower, and the obligation of the Fronting Banks to issue Letters
        of
        Credit for the account of such Borrower, to be terminated, whereupon the
        same
        shall forthwith terminate, and (ii) by notice to such Borrower, declare
        the
        Advances made to such Borrower, an amount equal to the aggregate Stated Amount
        of all issued but undrawn Letters of Credit issued for the account of such
        Borrower, (such amount being the “Letter of Credit Cash
        Cover”) and all other amounts payable under this Agreement and the
        other Loan Documents by such Borrower to be forthwith due and payable, whereupon
        such Advances and all such amounts shall become and be forthwith due and
        payable, without presentment, demand, protest or further notice of any kind,
        all
        of which are hereby expressly waived by such Borrower; provided,
        however, that in the event of an actual or deemed entry of an order for
        relief with respect to any Borrower or any Significant Subsidiary that is
        a
        Subsidiary of such Borrower under the Bankruptcy Code, (A) the obligation
        of each Lender to make Advances to such Borrower, and the obligation of the
        Fronting Banks to issue Letters of Credit for the account of such Borrower,
        shall automatically be terminated and (B) all Advances made to such
        Borrower, the Letter of Credit Cash Cover with respect to such Borrower and
        all
        other amounts payable under this Agreement by such Borrower shall automatically
        become and be due and payable, without presentment, demand, protest or any
        notice of any kind, all of which are hereby expressly waived by such Borrower.
        In the event that any Borrower is required to pay the Letter of Credit Cash
        Cover pursuant to this Section, such payment shall be made in immediately
        available funds to the Administrative Agent, which shall hold such funds
        as
        collateral pursuant to arrangements satisfactory to the Administrative Agent
        and
        the Fronting Banks to secure Reimbursement Obligations in respect of Letters
        of
        Credit then outstanding.

       

      
        
          
          

        

        
          61

          
            

          

        

        
          
          

        

      

       

      ARTICLE VII

      THE
        ADMINISTRATIVE AGENT

       

      SECTION
        7.01. Authorization and
        Action.

       

      Each
        Lender, each Fronting Bank and each Swing Line Lender hereby
        appoints and authorizes the Administrative Agent to take such action as agent
        on
        its behalf and to exercise such powers under this Agreement as are delegated
        to
        the Administrative Agent by the terms hereof, together with such powers as
        are
        reasonably incidental thereto. As to any matters not expressly provided for
        by
        this Agreement the Administrative Agent shall not be required to exercise
        any
        discretion or take any action, but shall be required to act or to refrain
        from
        acting (and shall be fully protected in so acting or refraining from acting)
        upon the instructions of the Majority Lenders, and such instructions shall
        be
        binding upon all Lenders and all Fronting Bank; provided, however, that
        the Administrative Agent shall not be required to take any action that exposes
        the Administrative Agent to personal liability or that is contrary to this
        Agreement or applicable law. The Administrative Agent agrees to give to each
        Lender and each Fronting Bank prompt notice of each notice given to it by
        the
        Borrowers pursuant to the terms of this Agreement and to promptly forward
        to
        each Lender and each Fronting Bank the financial statements and any other
        certificates or statements delivered to the Administrative Agent pursuant
        to
        Section 5.01(g).

       

      SECTION
        7.02. Administrative Agent’s Reliance,
        Etc.

       

      Neither
        the Administrative Agent nor any of its directors,
        officers, agents or employees shall be liable to any Lender, any Fronting
        Bank
        or the Borrowers for any action taken or omitted to be taken by it or them
        under
        or in connection with this Agreement, except for its or their own gross
        negligence or willful misconduct. Without limitation of the generality of
        the
        foregoing, the Administrative Agent: (i) may treat each Lender listed
        in
        the Register as a “Lender” with a Commitment in the amount recorded in the
        Register until the Administrative Agent receives and accepts an Assignment
        and
        Acceptance entered into by a Lender listed in the Register, as assignor,
        and an
        Eligible Assignee, as assignee, as provided in Section 8.08, at which
        time
        the Administrative Agent will make such recordations in the Register as are
        appropriate to reflect the assignment effected by such Assignment and
        Acceptance; (ii) may consult with legal counsel (including counsel
        for the
        Borrowers), independent public accountants and other experts selected by
        it and
        shall not be liable for any action taken or omitted to be taken in good faith
        by
        it in accordance with the advice of such counsel, accountants or experts;
        (iii) makes no warranty or representation to any Lender or any Fronting
        Bank and shall not be responsible to any Lender or any Fronting Bank for
        any
        statements, warranties or representations (whether written or oral) made
        in or
        in connection with the Loan Documents; (iv) shall not have any duty
        to
        ascertain or to inquire as to the performance or observance of any of the
        terms,
        covenants or conditions of the Loan Documents on the part of the Borrowers
        or to
        inspect the property (including the books and records) of the Borrowers;
        (v) shall not be responsible to any Lender or any Fronting Bank for
        the due
        execution, legality, validity, enforceability, genuineness, sufficiency or
        value
        of the Loan Documents or any other instrument or document furnished pursuant
        thereto; and (vi) shall incur no liability under or in respect of
        this
        Agreement by acting upon any notice, consent, certificate or other instrument
        or
        writing (which may be by telecopier, telegram or cable) believed by it in
        good
        faith to be genuine and signed or sent by the proper party or parties.

       

      
        
          
          

        

        
          62

          
            

          

        

        
          
          

        

      

      SECTION
        7.03. CUSA,
        Barclays and Affiliates.

       

      With
        respect to its Commitment, the Advances made by it and any
        Note issued to it, each of CUSA and Barclays shall have the same rights and
        powers under this Agreement as any other Lender and may exercise the same
        as
        though it were not the Administrative Agent, a Swing Line Lender or a Fronting
        Bank (as the case may be); and the term “Lender” or “Lenders” shall, unless
        otherwise expressly indicated, include each of CUSA and Barclays in its
        individual capacity. Each of CUSA and Barclays and its Affiliates may accept
        deposits from, lend money to, act as trustee under indentures of, and generally
        engage in any kind of business with, each Borrower, any of its respective
        subsidiaries and any Person who may do business with or own securities of
        such
        Borrower or any such subsidiary, all as if CUSA or Barclays were not the
        Administrative Agent or a Fronting Bank (as the case may be) and without
        any
        duty to account therefor to the Lenders or the Fronting Banks.

       

      SECTION
        7.04. Lender
        Credit Decision.

       

      Each
        Lender acknowledges that it has, independently and without
        reliance upon the Administrative Agent, the Fronting Banks or any other Lender
        and based on the financial statements referred to in Section 4.01(g)
        and
        such other documents and information as it has deemed appropriate, made its
        own
        credit analysis and decision to enter into this Agreement. Each Lender also
        acknowledges that it will, independently and without reliance upon the
        Administrative Agent, the Fronting Banks or any other Lender and based on
        such
        documents and information as it shall deem appropriate at the time, continue
        to
        make its own credit decisions in taking or not taking action under this
        Agreement.

       

      SECTION
        7.05. Indemnification.

       

      The
        Lenders agree to indemnify the Administrative Agent (to the
        extent not reimbursed by the Borrowers), ratably according to the amounts
        of
        their respective Commitments, from and against any and all liabilities,
        obligations, losses, damages, penalties, actions, judgments, suits, costs,
        expenses or disbursements of any kind or nature whatsoever that may be imposed
        on, incurred by, or asserted against the Administrative Agent in any way
        relating to or arising out of this Agreement or any action taken or omitted
        by
        the Administrative Agent under this Agreement; provided that no Lender
        shall be liable for any portion of such liabilities, obligations, losses,
        damages, penalties, actions, judgments, suits, costs, expenses or disbursements
        resulting from the Administrative Agent’s gross negligence or willful
        misconduct. Without limitation of the foregoing, each Lender agrees to reimburse
        the Administrative Agent promptly upon demand for its ratable share of any
        out-of-pocket expenses (including reasonable counsel fees) incurred by the
        Administrative Agent in connection with the preparation, execution, delivery,
        administration, modification, amendment or enforcement (whether through
        negotiations, legal proceedings or otherwise) of, or legal advice in respect
        of
        rights or responsibilities under, this Agreement, to the extent that such
        expenses are reimbursable by the Borrowers but for which the Administrative
        Agent is not reimbursed by the Borrowers.

       

      
        
          
          

        

        
          63

          
            

          

        

        
          
          

        

      

      SECTION
        7.06. Successor
        Administrative Agent.

       

      The
        Administrative Agent may resign at any time by giving written
        notice thereof to the Lenders, the Fronting Banks and the Borrowers and may
        be
        removed at any time with or without cause by the Majority Lenders and the
        Fronting Banks. Upon any such resignation or removal, the Majority Lenders
        and
        the Fronting Banks shall have the right, with the prior written consent of
        the
        Borrowers (unless an Event of Default or an Unmatured Default has occurred
        and
        is continuing), which consent shall not be unreasonably withheld or delayed,
        to
        appoint a successor Administrative Agent. If no successor Administrative
        Agent
        shall have been so appointed by the Majority Lenders and the Fronting Banks,
        and
        shall have accepted such appointment, within 30 days after the retiring
        Administrative Agent’s giving of notice of resignation or the Majority Lenders’
        and the Fronting Banks’ removal of the retiring Administrative Agent, then the
        retiring Administrative Agent may, on behalf of the Lenders and the Fronting
        Banks, appoint a successor Administrative Agent, which shall be a commercial
        bank described in clause (i) or (ii) of the definition of “Eligible
        Assignee” and having a combined capital and surplus of at least $250,000,000.
        Upon the acceptance of any appointment as Administrative Agent hereunder
        by a
        successor Administrative Agent, such successor Administrative Agent shall
        thereupon succeed to and become vested with all the rights, powers, privileges
        and duties of the retiring Administrative Agent, and the retiring Administrative
        Agent shall be discharged from its duties and obligations under this Agreement.
        After any retiring Administrative Agent’s resignation or removal hereunder as
        Administrative Agent, the provisions of this Article VII shall inure
        to its
        benefit as to any actions taken or omitted to be taken by it while it was
        Administrative Agent under this Agreement. Notwithstanding the foregoing,
        if no
        Event of Default or Unmatured Default shall have occurred and be continuing,
        then no successor Administrative Agent shall be appointed under this
        Section 7.06 without the prior written consent of the Borrowers, which
        consent shall not be unreasonably withheld or delayed.

       

       

      ARTICLE VIII

      MISCELLANEOUS

       

      SECTION
        8.01. Amendments, Etc.

       

      No
        amendment or waiver of any provision of this Agreement or any
        Note, nor consent to any departure by any Borrower therefrom, shall in any
        event
        be effective unless the same shall be in writing and signed by the Majority
        Lenders, and then such waiver or consent shall be effective only in the specific
        instance and for the specific purpose for which given; provided,
        however, that no amendment, waiver or consent shall, unless in writing and
        signed by all the Lenders, do any of the following: (a) waive any
        of the
        conditions specified in Section 3.01, 3.02, 3.03 or 3.04 (b) increase
        the Commitments of the Lenders or subject the Lenders to any additional
        obligations, (c) reduce the principal of, or interest on, the Advances
        or
        any fees or other amounts payable hereunder, (d) postpone any date
        fixed
        for any payment of principal of, or interest on, the Advances or any fees
        or
        other amounts payable hereunder, (e) change the percentage of the
        Commitments or of the aggregate unpaid principal amount of the Advances,
        the
        aggregate undrawn amount of outstanding Letters of Credit or the number of
        Lenders, that shall be required for the Lenders or any of them to take any
        action hereunder or (f) amend this Section 8.01; and provided,
        further, that no amendment, waiver or consent shall, unless in writing and
        signed by the Administrative Agent in addition to the Lenders required above
        to
        take such action, affect the rights or duties of the Administrative Agent
        under
        this Agreement; and provided, further, that no amendment, waiver or
        consent that would adversely affect the rights of, or increase the obligations
        of, any Fronting Bank, or that would alter any provision hereof relating
        to or
        affecting Letters of Credit issued by such Fronting Bank, shall be effective
        unless agreed to in writing by such Fronting Bank; and provided,
        further, that no amendment, waiver or consent that would adversely affect
        the rights of, or increase the obligations of, any Swing Line Lender, or
        that
        would alter provisions hereof relating to or affecting Swing Line Advances
        made
        by such Swing Line Lender, shall be effective unless agreed to in writing
        by
        such Swing Line Lender; and provided, further, that this Agreement may
        be amended and restated without the consent of any Lender, any Fronting Bank,
        any Swing Line Lender or the Administrative Agent if, upon giving effect
        to such
        amendment and restatement, such Lender, such Fronting Bank, such Swing Line
        Lender or the Administrative Agent, as the case may be, shall no longer be
        a
        party to this Agreement (as so amended and restated) or have any Commitment
        or
        other obligation hereunder (including, without limitation, any obligation
        to
        make payment on account of a Drawing) and shall have been paid in full all
        amounts payable hereunder to such Lender, such Fronting Bank, such Swing
        Line
        Lender or the Administrative Agent, as the case may be.

       

      
        
          
          

        

        
          64

          
            

          

        

        
          
          

        

      

      SECTION
        8.02. Notices,
        Etc.

       

      Unless
        specifically provided otherwise in this Agreement, all
        notices and other communications provided for hereunder shall be in writing
        (including telecopier, telegraphic or cable communication) and mailed,
        telecopied, telegraphed, cabled or delivered, if to any Borrower, to it in
        care
        of FE at its address at 76 South Main Street, Akron, Ohio 44308, Attention:
        Treasurer, Telecopy: (330) 384-3772; if to any Bank (including any Swing
        Line
        Lender), at its Domestic Lending Office specified opposite its name on
        Schedule I hereto; if to any other Lender (including any Swing Line
        Lender), at its Domestic Lending Office specified in the Assignment and
        Acceptance pursuant to which it became a Lender; if to the Administrative
        Agent,
        at its address at Two Penns Way, Suite 200, New Castle, Delaware 19720,
        Attention: Bank Loan Syndications; if to CUSA, as a Fronting Bank, as its
        address at Two Penns Way, Suite 200, New Castle, DE 19720, Attention: Karen
        Riley; if to Barclays, as a Fronting Bank, at its address at 200 Park Avenue,
        New York, NY 10166; and if to any other Fronting Bank, at such address as
        shall
        be designated by such Fronting Bank in a written notice to the other parties;
        or, as to each party, at such other address as shall be designated by such
        party
        in a written notice to the other parties. All such notices and communications
        shall, when mailed, telecopied, telegraphed or cabled, be effective when
        deposited in the mails, telecopied, delivered to the telegraph company or
        delivered to the cable company, respectively, except that notices and
        communications to the Administrative Agent or the Fronting Banks pursuant
        to
        Article II or VII shall not be effective until received by the
        Administrative Agent, the Swing Line Lenders or the Fronting Banks (as the
        case
        may be).

       

      
        
          
          

        

        
          65

          
            

          

        

        
          
          

        

      

      SECTION
        8.03. Electronic
        Communications.

       

      (a) Each
        Borrower hereby agrees that it will provide to the
        Administrative Agent all information, documents and other materials that
        it is
        obligated to furnish to the Administrative Agent pursuant to the Loan Documents,
        including, without limitation, all notices, requests, financial statements,
        financial and other reports, certificates and other information materials,
        but
        excluding any such communication that (i) relates to a request for a new,
        or a
        conversion of an existing, Borrowing or other Extension of Credit (including
        any
        election of an interest rate or Interest Period relating thereto), (ii) relates
        to the payment of any principal or other amount due under the Credit Agreement
        prior to the scheduled date therefor, (iii) provides notice of any Unmatured
        Default or Event of Default under the Credit Agreement or (iv) is required
        to be
        delivered to satisfy any condition precedent to the effectiveness of the
        Credit
        Agreement and/or any Borrowing or other Extension of Credit thereunder (all
        such
        non-excluded communications being referred to herein collectively as
“Communications”), by transmitting the Communications
        in an electronic/soft medium in a format acceptable to the Administrative
        Agent
        to oploanswebadmin@citigroup.com or faxing the Communications to
        212-994-0848. In addition, each Borrower agrees to continue to provide the
        Communications to the Administrative Agent in the manner otherwise specified
        in
        this Agreement, but only to the extent requested by the Administrative
        Agent.

       

      (b) Each
        Borrower further agrees that the Administrative
        Agent may make the Communications available to the Lenders by posting the
        Communications on Intralinks or a substantially similar electronic transmission
        systems (the “Platform”). Each Borrower acknowledges
        that the distribution of material through an electronic medium is not
        necessarily secure and that there are confidentiality and other risks associated
        with such distribution.

       

      (c) THE
        PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE”.
        THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS
        OF THE COMMUNICATIONS, OR THE ADEQUACY OF THE PLATFORM AND EXPRESSLY DISCLAIM
        LIABILITY FOR ERRORS OR OMISSIONS IN THE COMMUNICATIONS. NO WARRANTY OF ANY
        KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY
        OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF
        THIRD
        PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE
        AGENT
        PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE PLATFORM. IN NO EVENT
        SHALL
        THE ADMINISTRATIVE AGENT OR ANY OF ITS AFFILIATES OR ANY OF THEIR RESPECTIVE
        OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, ADVISORS OR REPRESENTATIVES
        (COLLECTIVELY, “AGENT PARTIES”) HAVE ANY
        LIABILITY TO ANY BORROWER, ANY LENDER OR ANY OTHER PERSON OR ENTITY FOR DAMAGES
        OF ANY KIND, INCLUDING, WITHOUT LIMITATION, DIRECT OR INDIRECT, SPECIAL,
        INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT,
        CONTRACT OR OTHERWISE) ARISING OUT OF ANY BORROWER’S OR THE ADMINISTRATIVE
        AGENT’S TRANSMISSION OF THE COMMUNICATIONS THROUGH THE PLATFORM, EXCEPT TO THE
        EXTENT THE LIABILITY OF ANY AGENT PARTY IS FOUND IN A FINAL NON-APPEALABLE
        JUDGMENT BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED PRIMARILY
        FROM
        SUCH AGENT PARTY’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT.

       

      
        
          
          

        

        
          66

          
            

          

        

        
          
          

        

      

      (d) The
        Administrative Agent agrees that the receipt of the
        Communications by the Administrative Agent at its e-mail address set forth
        above
        shall constitute effective delivery of the Communications to the Administrative
        Agent for purposes of the Loan Documents. Each Lender agrees that notice
        to it
        (as provided in the next sentence) specifying that the Communications have
        been
        posted to the Platform shall constitute effective delivery of the Communications
        to such Lender for purposes of the Loan Documents. Each Lender agrees to
        notify
        the Administrative Agent in writing (including by electronic communication)
        from
        time to time of such Lender’s e-mail address to which the foregoing notice may
        be sent by electronic transmission and that the foregoing notice may be sent
        to
        such e-mail address.

       

      (e) Nothing
        herein shall prejudice the right of the
        Administrative Agent or any Lender to give any notice or other communication
        pursuant to any Loan Document in any other manner specified in such Loan
        Document.

       

      SECTION
        8.04. No
        Waiver; Remedies.

       

      No
        failure on the part of any Lender, any Fronting Bank or the
        Administrative Agent to exercise, and no delay in exercising, any right
        hereunder or under any Note shall operate as a waiver thereof; nor shall
        any
        single or partial exercise of any such right preclude any other or further
        exercise thereof or the exercise of any other right. The remedies herein
        provided are cumulative and not exclusive of any remedies provided by law.

       

      SECTION
        8.05. Costs and
        Expenses; Indemnification.

       

      (a) FE
        agrees to pay on demand all costs and expenses
        incurred by either the Administrative Agent or any Fronting Banks in connection
        with the preparation, execution, delivery, syndication administration,
        modification and amendment of this Agreement, any Note, any Letter of Credit
        and
        the other documents to be delivered hereunder, including, without limitation,
        the reasonable fees and out-of-pocket expenses of counsel for the Administrative
        Agent and the Fronting Banks with respect thereto and with respect to advising
        the Administrative Agent and the Fronting Bank as to their rights and
        responsibilities under this Agreement. FE further agrees to pay on demand
        all
        costs and expenses, if any (including, without limitation, reasonable counsel
        fees and expenses of counsel), incurred by the Administrative Agent, the
        Fronting Banks and the Lenders in connection with the enforcement (whether
        through negotiations, legal proceedings or otherwise) of this Agreement,
        any
        Note and the other documents to be delivered hereunder, including, without
        limitation, counsel fees and expenses in connection with the enforcement
        of
        rights under this Section 8.05(a).

       

      (b) If
        any payment of principal of, or Conversion of, any
        Eurodollar Rate Advance is made other than on the last day of the Interest
        Period for such Advance, as a result of a payment or Conversion pursuant
        to
        Section 2.11 or 2.14 or a prepayment pursuant to Section 2.12
        or
        acceleration of the maturity of any amounts owing hereunder pursuant to
        Section 6.01 or upon an assignment made upon demand of a Borrower
        pursuant
        to Section 8.08(h) or for any other reason, FE shall, upon
        demand by
        any Lender (with a copy of such demand to the Administrative Agent), pay
        to the
        Administrative Agent for the account of such Lender any amounts required
        to
        compensate such Lender for any additional losses, costs or expenses that
        it may
        reasonably incur as a result of such payment or Conversion, including, without
        limitation, any loss, cost or expense incurred by reason of the liquidation
        or
        redeployment of deposits or other funds acquired by any Lender to fund or
        maintain such Advance. FE’s obligations under this
        subsection (b) shall survive the repayment of all other amounts
        owing
        to the Lenders and the Administrative Agent under this Agreement and any
        Note
        and the termination of the Commitments.

       

      
        
          
          

        

        
          67

          
            

          

        

        
          
          

        

      

      (c) Each
        Borrower hereby agrees to indemnify and hold each
        Lender, each Fronting Bank, the Administrative Agent and their respective
        Affiliates and their respective officers, directors, employees and professional
        advisors (each, an “Indemnified Person”) harmless from
        and against any and all claims, damages, liabilities, costs or expenses
        (including reasonable attorney’s fees and expenses, whether or not such
        Indemnified Person is named as a party to any proceeding or is otherwise
        subjected to judicial or legal process arising from any such proceeding)
        that
        any of them may incur or that may be claimed against any of them by any Person
        (including any Borrower) by reason of or in connection with or arising out
        of
        any investigation, litigation or proceeding related to the Commitments or
        the
        commitment of each Fronting Bank hereunder and any use or proposed use by
        any
        Borrower of the proceeds of any Extension of Credit or the existence or use
        of
        any Letter of Credit or the amounts drawn thereunder, except to the extent
        such
        claim, damage, liability, cost or expense is found in a final, non-appealable
        judgment by a court of competent jurisdiction to have resulted from such
        Indemnified Person’s gross negligence or willful misconduct. Each Borrower’s
        obligations under this Section 8.05(c) shall survive the repayment
        of
        all amounts owing to the Lenders, the Fronting Banks and the Administrative
        Agent under this Agreement and any Note and the termination of the Commitments,
        the commitment of the Fronting Banks hereunder and any Letters of Credit.
        If and
        to the extent that the obligations of the Borrowers under this
        Section 8.05(c) are unenforceable for any reason, each Borrower
        agrees
        to make the maximum payment in satisfaction of such obligations that are
        not
        unenforceable that is permissible under Applicable Law or, if less, such
        amount
        that may be ordered by a court of competent jurisdiction. 

       

      (d) To
        the extent permitted by law, each Borrower also agrees
        not to assert any claim against any Indemnified Person on any theory of
        liability, for special, indirect, consequential or punitive damages (as opposed
        to actual or direct damages) in connection with, arising out of, or otherwise
        relating to this Agreement, any of the transactions contemplated herein or
        the
        actual or proposed use of the proceeds of the Advances.

       

      (e) Each
        Borrower shall be liable for its pro rata share of
        any payment to be made by the Borrowers under this Section 8.05, such pro
        rata
        share to be determined on the basis of such Borrower’s Fraction; provided,
        however, that if and to the extent that any such liabilities are reasonably
        determined by the Borrowers (subject to the approval of the Administrative
        Agent
        which approval shall not be unreasonably withheld) to be directly attributable
        to a specific Borrower or Borrowers, only such Borrower or Borrowers, as
        the
        case may be, shall be liable for such payments.

       

      
        
          
          

        

        
          68

          
            

          

        

        
          
          

        

      

      SECTION
        8.06. Right of
        Set-off.

       

      Upon
        the occurrence and during the continuance of any Event of
        Default each Lender and each Fronting Bank is hereby authorized at any time
        and
        from time to time, to the fullest extent permitted by law, to set off and
        apply
        any and all deposits (general or special, time or demand, provisional or
        final,
excluding, however, any payroll accounts maintained by the Borrowers
        with such Lender or such Fronting Bank (as the case may be) if and to the
        extent
        that such Lender or such Fronting Bank (as the case may be) shall have expressly
        waived its set-off rights in writing in respect of such payroll account)
        at any
        time held and other indebtedness at any time owing by such Lender or such
        Fronting Bank (as the case may be) to or for the credit or the account of
        the
        Borrowers against any and all of the obligations of the Borrowers now or
        hereafter existing under this Agreement and any Note held by such Lender,
        whether or not such Lender or such Fronting Bank (as the case may be) shall
        have
        made any demand under this Agreement or such Note and although such obligations
        may be unmatured. Each Lender and each Fronting Bank agrees promptly to notify
        the Borrowers after any such set-off and application made by such Lender
        or such
        Fronting Bank (as the case may be), provided that the failure to give
        such notice shall not affect the validity of such set-off and application.
        The
        rights of each Lender and each Fronting Bank under this Section 8.06
        are in
        addition to other rights and remedies (including, without limitation, other
        rights of set-off) which such Lender or such Fronting Bank (as the case may
        be)
        may have.

       

      SECTION
        8.07. Binding
        Effect.

       

      This
        Agreement shall become effective when it shall have been
        executed by the Borrowers and the Administrative Agent and when the
        Administrative Agent shall have been notified by each Bank, each Swing Line
        Lender and each Fronting Bank that such Bank, such Swing Line Lender or such
        Fronting Bank (as the case may be) has executed it and thereafter shall be
        binding upon and inure to the benefit of the Borrowers, the Administrative
        Agent, each Swing Line Lender, each Fronting Bank and each Lender and their
        respective successors and permitted assigns, except that the Borrowers shall
        not
        have the right to assign its rights or obligations hereunder or any interest
        herein without the prior written consent of the Lenders and the Fronting
        Banks.

       

      SECTION
        8.08. Assignments and
        Participations.

       

      (a) Each
        Lender may, with the prior written consent of the
        Borrowers, the Fronting Banks (in each Fronting Bank’s sole discretion), the
        Swing Line Lenders (in each Swing Line Lender’s sole discretion) and the
        Administrative Agent (which consents, in the case of the Borrowers and the
        Administrative Agent, shall not unreasonably be withheld or delayed and,
        in the
        case of the Borrowers, shall not be required if an Event of Default then
        exists), assign to one or more banks or other entities all or a portion of
        its
        rights and obligations under this Agreement and the other Loan Documents
        (including, without limitation, all or a portion of its Commitment, the Advances
        owing to it and any Note held by it); provided, however, that
        (i) each such assignment shall be of a constant, and not a varying,
        percentage of all the assigning Lender’s rights and obligations under this
        Agreement, (ii) the amount of the Commitment of the assigning Lender
        being
        assigned pursuant to each such assignment (determined as of the date of the
        Assignment and Acceptance with respect to such assignment) shall in no event
        be
        less than $5,000,000 (or if less, the entire amount of such Lender’s Commitment)
        and shall be an integral multiple of $1,000,000, (iii) each such assignment
        shall be to an Eligible Assignee, and (iv) the parties to each such
        assignment shall execute and deliver to the Administrative Agent, for its
        acceptance and recording in the Register, an Assignment and Acceptance, together
        with any Note subject to such assignment and a processing and recordation
        fee of
        $3,500. Upon such execution, delivery, acceptance and recording, from and
        after
        the effective date specified in each Assignment and Acceptance, (x) the
        assignee thereunder shall be a party hereto and, to the extent that rights
        and
        obligations hereunder have been assigned to it pursuant to such Assignment
        and
        Acceptance, have the rights and obligations of a Lender hereunder and
        (y) the Lender assignor thereunder shall, to the extent that rights
        and
        obligations hereunder have been assigned by it pursuant to such Assignment
        and
        Acceptance, relinquish its rights and be released from its continuing
        obligations under this Agreement (and, in the case of an Assignment and
        Acceptance covering all or the remaining portion of an assigning Lender’s rights
        and obligations under this Agreement, such Lender shall cease to be a party
        hereto).

       

      
        
          
          

        

        
          69

          
            

          

        

        
          
          

        

      

      (b) By
        executing and delivering an Assignment and Acceptance,
        the Lender assignor thereunder and the assignee thereunder confirm to and
        agree
        with each other and the other parties hereto as follows: (i) other
        than as
        provided in such Assignment and Acceptance, such assigning Lender makes no
        representation or warranty and assumes no responsibility with respect to
        any
        statements, warranties or representations made in or in connection with this
        Agreement or the execution, legality, validity, enforceability, genuineness,
        sufficiency or value of this Agreement or any other instrument or document
        furnished pursuant hereto; (ii) such assigning Lender makes no
        representation or warranty and assumes no responsibility with respect to
        the
        financial condition of the Borrowers or the performance or observance by
        the
        Borrowers of any of their obligations under this Agreement or any other
        instrument or document furnished pursuant hereto; (iii) such assignee
        confirms that it has received a copy of this Agreement, together with copies
        of
        the financial statements referred to in Section 4.01(g) and such other
        documents and information as it has deemed appropriate to make its own credit
        analysis and decision to enter into such Assignment and Acceptance;
        (iv) such assignee will, independently and without reliance upon the
        Administrative Agent, the Fronting Banks, such assigning Lender or any other
        Lender and based on such documents and information as it shall deem appropriate
        at the time, continue to make its own credit decisions in taking or not taking
        action under this Agreement; (v) such assignee confirms that it is
        an
        Eligible Assignee; (vi) such assignee appoints and authorizes the
        Administrative Agent to take such action as agent on its behalf and to exercise
        such powers under this Agreement as are delegated to the Administrative Agent
        by
        the terms hereof, together with such powers as are reasonably incidental
        thereto; and (vii) such assignee agrees that it will perform in accordance
        with their terms all of the obligations that by the terms of this Agreement
        are
        required to be performed by it as a Lender.

       

      (c) The
        Administrative Agent shall maintain at its address
        referred to in Section 8.02 a copy of each Assignment and Acceptance
        delivered to and accepted by it and a register for the recordation of the
        names
        and addresses of the Lenders and the Commitment of, and principal amount
        of the
        Advances owing to, each Lender from time to time (the
“Register”). The entries in the Register shall be
        conclusive and binding for all purposes, absent manifest error, and the
        Borrowers, the Administrative Agent, the Fronting Banks and the Lenders may
        treat each Person whose name is recorded in the Register as a Lender hereunder
        for all purposes of this Agreement. The Register shall be available for
        inspection by the Borrowers, the Fronting Banks or any Lender at any reasonable
        time and from time to time upon reasonable prior notice.

       

      
        
          
          

        

        
          70

          
            

          

        

        
          
          

        

      

      (d) Upon
        its receipt of an Assignment and Acceptance executed
        by an assigning Lender and an assignee representing that it is an Eligible
        Assignee, together with any Note subject to such assignment, the Administrative
        Agent shall, if such Assignment and Acceptance has been completed and is
        in
        substantially the form of Exhibit A hereto, (i) accept such
        Assignment
        and Acceptance, (ii) record the information contained therein in the
        Register and (iii) give prompt notice thereof to the Borrowers and
        the
        Borrowers shall deliver any Note requested pursuant to Section 2.18 in favor
        of
        such assignee or assignor (as the case may be), after giving effect to such
        assignment. 

       

      (e) Each
        Lender may sell participations to one or more banks
        or other entities in or to all or a portion of its rights and obligations
        under
        this Agreement and the other Loan Documents (including, without limitation,
        all
        or a portion of its Commitment, the Advances owing to it and any Note held
        by
        it); provided, however, that (i) such Lender’s obligations under
        this Agreement (including, without limitation, its Commitment to the Borrowers
        hereunder and its obligations to the Fronting Banks hereunder) shall remain
        unchanged, (ii) such Lender shall remain solely responsible to the
        other
        parties hereto for the performance of such obligations, (iii) such
        Lender
        shall remain the holder of any such Note for all purposes of this Agreement,
        (iv) such Lender may not subject its ability to consent to any modification
        of this Agreement or any Note to the prior consent of the bank or other entity
        to which such participation was sold, except in the case of proposed waivers
        or
        modifications with respect to interest, principal and fees payable hereunder
        and
        under any Note and with respect to any extension of the Termination Date,
        and
        (v) the Borrowers, the Administrative Agent, the Fronting Banks and
        the
        other Lenders shall continue to deal solely and directly with such Lender
        in
        connection with such Lender’s rights and obligations under this Agreement.

       

      (f) Any
        Lender may, in connection with any assignment or
        participation or proposed assignment or participation pursuant to this
        Section 8.08, disclose to the assignee or participant or proposed
        assignee
        or participant, any information relating to the Borrowers furnished to such
        Lender by or on behalf of the Borrowers; provided, that prior to any
        such disclosure, the assignee or participant or proposed assignee or participant
        shall agree to preserve the confidentiality of any confidential information
        relating to the Borrowers received by it from such Lender.

       

      (g) Notwithstanding
        anything to the contrary set forth
        herein, any Lender may assign, as collateral or otherwise, any of its rights
        hereunder and under any Note (including, without limitation, its rights to
        receive payments of principal and interest hereunder and under any Note)
        to
        (i) any Federal Reserve Bank, (ii) any Affiliate of such Lender
        or
        (iii) any other Lender, in either case, without notice to or consent of the
        Borrowers, the Fronting Banks, the Swing Line Lenders or the Administrative
        Agent; provided, that no such assignment (other than to an Eligible
        Assignee under subsection (a) above) shall release the assigning
        Lender from its obligations hereunder.

       

      
        
          
          

        

        
          71

          
            

          

        

        
          
          

        

      

      (h) If
        any Lender shall make demand for payment under
        Section 2.13(a), 2.13(b) or 2.16, or shall deliver any notice
        to the
        Administrative Agent pursuant to Section 2.14 resulting in the suspension
        of certain obligations of the Lenders with respect to Eurodollar Rate Advances,
        then, within 30 days of such demand (if, and only if, such payment demanded
        under Section 2.13(a), 2.13(b) or 2.16, as the case
        may be, shall
        have been made by a Borrower) or such notice (if such suspension is still
        in
        effect), as the case may be, such Borrower may demand that such Lender assign
        in
        accordance with this Section 8.08 to one or more Eligible Assignees
        designated by such Borrower all (but not less than all) of such Lender’s
        Commitment and the Advances owing to it within the next 15 days. If any such
        Eligible Assignee designated by such Borrower shall fail to consummate such
        assignment on terms acceptable to such Lender, or if such Borrower shall
        fail to
        designate any such Eligible Assignee for all of such Lender’s Commitment or
        Advances, then such Lender may assign such Commitment and Advances to any
        other
        Eligible Assignee in accordance with this Section 8.08 during such
        15-day
        period; it being understood for purposes of this Section 8.08(h) that
        such assignment shall be conclusively deemed to be on terms acceptable to
        such
        Lender, and such Lender shall be compelled to consummate such assignment
        to an
        Eligible Assignee designated by such Borrower, if such Eligible Assignee
        shall
        agree to such assignment in substantially the form of Exhibit A hereto
        and
        shall offer compensation to such Lender in an amount equal to the sum of
        the
        principal amount of all Advances outstanding to such Lender plus all interest
        accrued thereon to the date of such payment plus all other amounts payable
        by
        such Borrower to such Lender hereunder (whether or not then due) as of the
        date
        of such payment accrued in favor of such Lender hereunder. Notwithstanding
        the
        foregoing, no Lender shall make any assignment at any time pursuant to this
        subsection (h) if, at such time, (i) an Event of Default or Unmatured Default
        has occurred and is continuing, (ii) any Borrower has not satisfied all of
        its
        obligations hereunder with respect to such Lender or (iii) such replacement
        of
        such Lender is not acceptable to the Administrative Agent. 

       

      (i) Notwithstanding
        anything to the contrary contained
        herein, any Lender (a “Granting Lender”) may grant to
        a special purpose funding vehicle (an “SPC”) of such
        Granting Lender identified as such in writing from time to time by the Granting
        Lender to the Administrative Agent and the Borrowers, the option to provide
        to a
        Borrower all or any part of any Advance that such Granting Lender would
        otherwise be obligated to make to such Borrower pursuant to this Agreement;
        provided that (i) nothing herein shall constitute a commitment by
        any such SPC to make any Advance, (ii) if such SPC elects not to exercise
        such option or otherwise fails to provide all or any part of such Advance,
        the
        Granting Lender shall be obligated to make such Advance pursuant to the terms
        hereof and (iii) no SPC or Granting Lender shall be entitled to receive
        any
        greater amount pursuant to Section 2.09 or 2.13 than the Granting
        Lender
        would have been entitled to receive had the Granting Lender not otherwise
        granted such SPC the option to provide any Advance to a Borrower. The making
        of
        an Advance by an SPC hereunder shall utilize the Commitment of the Granting
        Lender to the same extent, and as if, such Advance were made by such Granting
        Lender. Each party hereto hereby agrees that no SPC shall be liable for any
        indemnity or similar payment obligation under this Agreement for which a
        Lender
        would otherwise be liable so long as, and to the extent that, the related
        Granting Lender provides such indemnity or makes such payment. In furtherance
        of
        the foregoing, each party hereto hereby agrees (which agreement shall survive
        the termination of this Agreement) that, prior to the date that is one year
        and
        one day after the payment in full of all outstanding commercial paper or
        other
        senior indebtedness of any SPC, it will not institute against or join any
        other
        person in instituting against such SPC any bankruptcy, reorganization,
        arrangement, insolvency or liquidation proceedings under the laws of the
        United
        States or any State thereof. Notwithstanding the foregoing, the Granting
        Lender
        unconditionally agrees to indemnify each Borrower, the Administrative Agent,
        each Fronting Bank and each Lender against all liabilities, obligations,
        losses,
        damages, penalties, actions, judgments, suits, costs, expenses or disbursements
        of any kind or nature whatsoever that may be incurred by or asserted against
        such Borrower, the Administrative Agent, such Fronting Bank or such Lender,
        as
        the case may be, in any way relating to or arising as a consequence of any
        such
        forbearance or delay in the initiation of any such proceeding against its
        SPC.
        Each party hereto hereby acknowledges and agrees that no SPC shall have the
        rights of a Lender hereunder, such rights being retained by the applicable
        Granting Lender. Accordingly, and without limiting the foregoing, each party
        hereby further acknowledges and agrees that no SPC shall have any voting
        rights
        hereunder and that the voting rights attributable to any Advance made by
        an SPC
        shall be exercised only by the relevant Granting Lender and that each Granting
        Lender shall serve as the administrative agent and attorney-in-fact for its
        SPC
        and shall on behalf of its SPC receive any and all payments made for the
        benefit
        of such SPC and take all actions hereunder to the extent, if any, such SPC
        shall
        have any rights hereunder. In addition, notwithstanding anything to the contrary
        contained in this Agreement any SPC may, with notice to, but without the
        prior
        written consent of, any other party hereto, assign all or a portion of its
        interest in any Advances to the Granting Lender. This Section may not be
        amended
        without the prior written consent of each Granting Lender, all or any part
        of
        whose Advance is being funded by an SPC at the time of such amendment.

       

      
        
          
          

        

        
          72

          
            

          

        

        
          
          

        

      

      SECTION
        8.09. Governing
        Law.

       

      THIS
        AGREEMENT AND ANY NOTE SHALL BE GOVERNED BY, AND
        CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

       

      SECTION
        8.10. Consent
        to Jurisdiction; Waiver of Jury Trial.

       

      (a) To
        the fullest extent permitted by law, each Borrower
        hereby irrevocably (i) submits to the non-exclusive jurisdiction of
        any New
        York State or Federal court sitting in New York City and any appellate court
        from any thereof in any action or proceeding arising out of or relating to
        this
        Agreement, any other Loan Document or any Letter of Credit, and (ii) agrees
        that all claims in respect of such action or proceeding may be heard and
        determined in such New York State court or in such Federal court. Each Borrower
        hereby irrevocably waives, to the fullest extent permitted by law, the defense
        of an inconvenient forum to the maintenance of such action or proceeding.
        Each
        Borrower also irrevocably consents, to the fullest extent permitted by law,
        to
        the service of any and all process in any such action or proceeding by the
        mailing by certified mail of copies of such process to such Borrower at its
        address specified in Section 8.02. Each Borrower agrees, to the fullest
        extent permitted by law, that a final judgment in any such action or proceeding
        shall be conclusive and may be enforced in other jurisdictions by suit on
        the
        judgment or in any other manner provided by law.

       

      (b) EACH
        BORROWER, THE ADMINISTRATIVE AGENT, EACH
        FRONTING BANK, EACH SWING LINE LENDER AND THE LENDERS HEREBY WAIVE ALL RIGHT
        TO
        TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR
        RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR ANY LETTER OF CREDIT,
        OR
        ANY OTHER INSTRUMENT OR DOCUMENT DELIVERED HEREUNDER OR
        THEREUNDER.

       

      
        
          
          

        

        
          73

          
            

          

        

        
          
          

        

      

      SECTION
        8.11. Severability. 

       

      Any
        provision of this Agreement that is prohibited, unenforceable
        or not authorized in any jurisdiction shall, as to such jurisdiction, be
        ineffective to the extent of such prohibition, unenforceability or
        non-authorization without invalidating the remaining provisions hereof or
        affecting the validity, enforceability or legality of such provision in any
        other jurisdiction.

       

      SECTION
        8.12. Entire
        Agreement.

       

      This
        Agreement and the Notes issued hereunder constitute the
        entire contract among the parties relative to the subject matter hereof.
        Any
        previous agreement among the parties with respect to the subject matter hereof
        is superseded by this Agreement, except (i) as expressly agreed in
        any such
        previous agreement and (ii) for the Fee Letter and the Fronting Bank
        Fee
        Letters. Except as is expressly provided for herein, nothing in this Agreement,
        expressed or implied, is intended to confer upon any party other than the
        parties hereto any rights, remedies, obligations or liabilities under or
        by
        reason of this Agreement.

       

      SECTION
        8.13. Execution
        in Counterparts.

       

      This
        Agreement may be executed in any number of counterparts and
        by different parties hereto in separate counterparts, each of which when
        so
        executed shall be deemed to be an original and all of which taken together
        shall
        constitute one and the same agreement.

       

      [Signatures
        to Follow]

       

      

      
        
 

      

      
        
          
          

          
          

        

        
          74

          
            

          

        

        
          
          

          
          

        

      

      IN
        WITNESS WHEREOF, the parties hereto have
        caused this Agreement to be executed by their respective officers thereunto
        duly
        authorized, as of the date first above written.

       

      FIRSTENERGY
        CORP.

      FIRSTENERGY
        SOLUTIONS CORP.

      AMERICAN
        TRANSMISSION SYSTEMS,  INCORPORATED

      OHIO
        EDISON COMPANY

      PENNSYLVANIA
        POWER COMPANY

      THE
        CLEVELAND ELECTRIC ILLUMINATING  COMPANY

      THE
        TOLEDO EDISON COMPANY

      JERSEY
        CENTRAL POWER & LIGHT  COMPANY

      METROPOLITAN
        EDISON COMPANY

      PENNSYLVANIA
        ELECTRIC COMPANY

      

      

      By                                                                           
             

      Name:

      Title:

      
        
          
          

        

        
          S-1

          
            

          

        

        
          
          

          
             

          

        

      

      CITICORP
        USA, INC., as Administrative Agent, as a Bank and as a
        Fronting Bank

      

      

      

      By                                                                    

      Name:

      Title:

      

      

      
        
          
          

        

        
          S-2

          
            

          

        

        
          
          

          
             

          

        

      

      BARCLAYS
        BANK PLC, as a Bank and as a Fronting Bank

      

      

      

      By                                                                  
              

      Name:

      Title:

      
        
          
          

        

        
          S-3

          
            

          

        

        
          
          

          
             

          

        

      

      JPMORGAN
        CHASE BANK, N.A., as a Bank

      

      

      

      By                                                                   
              

      Name:

      Title:

      
        
          
          

        

        
          S-4

          
            

          

        

        
          
          

          
             

          

        

      

      KEYBANK
        NATIONAL ASSOCIATION, as a Bank

      

      

      

      By                                                               
              

      Name:

      Title:

      
        
          
          

        

        
          S-5

          
            

          

        

        
          
          

          
             

          

        

      

      WACHOVIA
        BANK, NATIONAL ASSOCIATION, as a Bank

      

      

      

      By                                                               
              

      Name:

      Title:

      
        
          
          

        

        
          S-6

          
            

          

        

        
          
          

          
             

          

        

      

      THE
        ROYAL BANK OF SCOTLAND PLC, as a Bank

      

      

      

      By                                                               
              

      Name:

      Title:

      
        
          
          

        

        
          S-7

          
            

          

        

        
          
          

          
             

          

        

      

      THE
        BANK OF NEW YORK, as a Bank

      

      

      

      By                                                      
              

      Name:

      Title:

      
        
          
          

        

        
          S-8

          
            

          

        

        
          
          

          
             

          

        

      

      CREDIT
        SUISSE, CAYMAN ISLANDS BRANCH as a Bank

      

      

      

      By                                                            
             

      Name:

      Title:

      

      

      

      By                                                             
              

      Name:

      Title:

      

      

      
        
          
          

        

        
          S-9

          
            

          

        

        
          
          

          
             

          

        

      

      MORGAN
        STANLEY BANK, as a Bank

      

      

      

      By                                                      
              

      Name:

      Title:

      
        
          
          

        

        
          S-10

          
            

          

        

        
          
          

          
             

          

        

      

      UBS
        LOAN FINANCE LLC, as a Bank

      

      

      

      By                                                          
              

      Name:

      Title:

      
        
          
          

        

        
          S-11

          
            

          

        

        
          
          

          
             

          

        

      

      BANK
        OF AMERICA, N.A., as a Bank

      

      

      

      By                                                        
              

      Name:

      Title:

      
        
          
          

        

        
          S-12

          
            

          

        

        
          
          

          
             

          

        

      

      THE
        BANK OF NOVA SCOTIA, as a Bank

      

      

      

      By                                                           
              

      Name:

      Title:

      
        
          
          

        

        
          S-13

          
            

          

        

        
          
          

          
             

          

        

      

      UNION
        BANK OF CALIFORNIA, N.A., as a Bank

      

      

      

      By                                                                    
              

      Name:

      Title:

      
        
          
          

        

        
          S-14

          
            

          

        

        
          
          

          
             

          

        

      

      LEHMAN
        BROTHERS BANK, FSB, as a Bank

      

      

      

      By                                                               
              

      Name:

      Title:

      
        
          
          

        

        
          S-15

          
            

          

        

        
          
          

          
             

          

        

      

      LASALLE
        BANK, NATIONAL ASSOCIATION, as a Bank

      

      

      

      By                                                               
              

      Name:

      Title:

      
        
          
          

        

        
          S-16

          
            

          

        

        
          
          

          
             

          

        

      

      COMMERZBANK
        AG, NEW YORK AND GRAND CAYMAN BRANCHES, as a
        Bank

      

      

      

      By                                                                    
              

      Name:

      Title:

      

      

      

      

      By                                                                      
              

      Name:

      Title:

      

      
        
          
          

        

        
          S-17

          
            

          

        

        
          
          

          
             

          

        

      

      NATIONAL
        CITY BANK, as a Bank

      

      

      

      By                                                         
              

      Name:

      Title:

      
        
          
          

        

        
          S-18

          
            

          

        

        
          
          

          
             

          

        

      

      WESTLB
        AG, NEW YORK BRANCH, as a Bank

      

      

      

      By                                                                   
             

      Name:

      Title:

      

      

      

      By                                                                   
              

      Name:

      Title:

      
        
          
          

        

        
          S-19

          
            

          

        

        
          
          

          
             

          

        

      

      WILLIAM
        STREET, as a Bank

      

      

      

      By                                                              
              

      Name:

      Title:

      
        
          
          

        

        
          S-20

          
            

          

        

        
          
          

          
             

          

        

      

      PNC
        BANK, NATIONAL ASSOCIATION, as a Bank

      

      

      

      By                                                                
              

      Name:

      Title:

      
        
          
          

        

        
          S-21

          
            

          

        

        
          
          

          
             

          

        

      

      SUMITOMO
        MITSUI BANKING CORPORATION, as a Bank

      

      

      

      By                                                              
              

      Name:

      Title:

      
        
          
          

        

        
          S-22

          
            

          

        

        
          
          

          
             

          

        

      

      U.S.
        BANK, N.A., as a Bank

      

      

      

      By                                                                
             

      Name:

      Title:

      
        
          
          

        

        
          S-23

          
            

          

        

        
          
          

          
             

          

        

      

      FIRST
        COMMERCIAL BANK, as a Bank

      

      

      

      By                                                                
              

      Name:

      Title:

      

      
        
          
          

        

        
          S-24

          
            

          

        

        
          
          

          
             

          

        

      

      MELLON
        BANK, N.A., as a Bank

      

      

      

      By                                                             
              

      Name:

      Title:

      

      
        
          
             

          

          
          

        

        
          S-25

          
            

          

        

        
          
          

          
          

        

      

      SCHEDULE
        I

      

      

      List
        of Commitments and Lending Offices

      

      

       

      
        
          	
                  Lender

                	
                  Allocation

                	
                  Domestic
                    Lending Office

                	
                  Eurodollar
                    Lending Office

                
	 	 	 	 
	
                  Citicorp
                    USA, Inc.

                	
                  $176,250,000

                	
                  Two
                    Penns Way

                  Suite
                    200

                  New
                    Castle, DE 19720

                  Email:
                    christina.m.quezon@citigroup.com 

                	
                  Same
                    as Domestic Lending Office 

                
	 	 	 	 
	
                  Barclays
                    Bank PLC

                	
                  $176,250,000

                	
                  200
                    Park Avenue

                  New
                    York, NY 10166

                	
                  Same
                    as Domestic Lending Office

                
	 	 	 	 
	
                  JP
                    Morgan Chase Bank, N.A.

                	
                  $125,000,000

                	
                  1111
                    Fannin St.

                  Houston,
                    TX 77002

                  Attn:
                    Kelly Collins

                  Phone:
                    713-750-2530

                  Fax:
                    713-427-6307

                  Email:
                    Kelly.x.collins@jpmchase.com 

                	
                  Same
                    as Domestic Lending Office

                
	 	 	 	 
	
                  KeyBank
                    National Association

                	
                  $125,000,000

                	
                  127
                    Public Square

                  Cleveland,
                    OH 44114

                  Attn:
                    Sherrie Manson

                  Phone:
                    216-689-3443

                  Fax:
                    216-689-4981

                  Email:
                    sherrie.manson@keybank.com 

                	
                  Same
                    as Domestic Lending Office

                
	 	 	 	 
	
                  Wachovia
                    Bank, National Association

                	
                  $125,000,000

                	
                  191
                    Peachtree St.

                  Atlanta,
                    GA 30303

                  Attn:
                    Loan Administration

                	
                  Same
                    as Domestic Lending Office

                
	 	 	 	 
	
                  The
                    Royal Bank of Scotland plc

                	
                  $125,000,000

                	
                  101
                    Park Avenue

                  New
                    York, NY 10176

                  Attn:
                    Luis Montanti

                  Phone:
                    212-401-1402

                  Fax:
                    212-401-1494

                  Email:
                    luis.montanti@rbos.com 

                	
                  Same
                    as Domestic Lending Office

                
	 	 	 	 
	
                  The
                    Bank of New York

                	
                  $100,000,000

                	
                  One
                    Wall Street

                  Energy
                    Division, 19th Floor

                  New
                    York, NY 10286

                  Attn:
                    John-Paul Marotta

                  Phone:
                    212-635-8204

                  Fax:
                    212-635-7932

                  Email:

                	
                  Same
                    as Domestic Lending Office

                

        

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        
          
            	 Lender            
	 Allocation	 Domestic
                    Lending Office	 Eurodollar
                    Lending Office
	
                    Credit
                      Suisse, Cayman Islands Branch

                  	
                    $100,000,000

                  	
                    One
                      Madison Avenue

                    New
                      York, NY 10010

                    Attn:
                      Ed Markowski

                    Phone:
                      212-538-3380

                    Fax:
                      212-538-6851

                    Email:
                      edward.markowski@csfb.com 

                  	
                    Same
                      as Domestic Lending Office

                  
	 	 	 	 
	
                    Morgan
                      Stanley Bank

                  	
                    $100,000,000

                  	
                    1633
                      Broadway, 25th Floor

                    New
                      York, NY 10019

                    Attn:
                      Larry Benison

                    Phone:
                      212-537-1312

                    Fax:
                      212-537-1867

                    Email:
                      Larry.Benison@morganstanley.com 

                  	
                    Same
                      as Domestic Lending Office

                  
	 	 	 	 
	
                    UBS
                      Loan Finance LLC

                  	
                    $100,000,000

                  	
                    677
                      Washington Blvd.

                    6th
                      Floor South

                    Stamford,
                      CT 06901

                    Attn:
                      David Vitti

                    Phone:
                      203-719-5968

                    Fax:
                      203-719-4176

                    Email:
                      David.Vitti@ubs.com 

                  	
                    Same
                      as Domestic Lending Office 

                  
	 	 	 	 
	
                    Bank
                      of America, N.A.

                  	
                    $100,000,000

                  	
                    901
                      Main Street

                    TX1-492-14-12

                    Dallas,
                      TX 75202-3714

                    Attn:
                      Jackie Archuleta 

                    Phone:
                      214-209-2135

                    Fax:
                      214-290-8372

                    Email:
                      Jacqueline.archuleta@bankofamerica.com

                  	
                    Same
                      as Domestic Lending Office

                  
	 	 	 	 
	
                    The
                      Bank of Nova Scotia

                  	
                    $100,000,000

                  	
                    1
                      Liberty Plaza

                    New
                      York, NY 10006

                    Attn:
                      Pier Griffith

                    Phone:
                      212-225-5084

                    Fax:
                      212-225-5145

                    Email:

                  	
                    Same
                      as Domestic Lending Office

                  
	 	 	 	 
	
                    Union
                      Bank of California, N.A.

                  	
                    $60,000,000

                  	
                    445
                      S. Figueroa Street, 15th Floor

                    Los
                      Angeles, CA 90071

                    Attn:
                      Jonathan Bigelow

                    Phone:
                      213-236-4246

                    Fax:
                      213-236-4096

                    Email:
                      jonathan.bigelow@uboc.com

                  	
                    Same
                      as Domestic Lending Office

                  

          

           

           

          
            
              
              

            

            
              I-2

              
                

              

            

             

          

          
            
              	
                       Lender

                    	 Allocation	 Domestic
                      Lending Office	 Eurodollar
                      Lending Office
	
                      Lehman
                        Brothers Bank, FSB

                    	
                      $60,000,000

                    	
                      745
                        7th Avenue, 16th Floor

                      New
                        York, NY 10019

                      Attn:
                        Wendy Lau

                      Phone:
                        212-526-6560

                      Fax:
                        212-520-0450

                      Email:
                        WLau@lehman.com 

                    	
                      Same
                        as Domestic Lending Office

                    
	 	 	 	 
	
                      LaSalle
                        Bank, National Association

                    	
                      $60,000,000

                    	
                      135
                        S. LaSalle St.

                      Suite
                        1425

                      Chicago,
                        IL 60603

                      Attn:
                        Jeannette Lahart

                      Phone:
                        (312) 904-0598

                      Fax:
                        (312) 821-8710

                      Email:
                        jeannette.lahart@abnamro.com 

                    	
                      Same
                        as Domestic Lending Office

                    
	 	 	 	 
	
                      Commerzbank
                        AG, New York and Grand Cayman Branches

                    	
                      $45,000,000

                    	
                      2
                        World Financial Center

                      New
                        York, NY 10281-1050

                      Attn:
                        Andrew Kjoller

                      Phone:
                        212-266-7287

                      Fax:
                        212-298-7530

                      Email:
                        akjoller@cbkna.com 

                    	
                      Same
                        as Domestic Lending Office

                    
	 	 	 	 
	
                      National
                        City Bank

                    	
                      $45,000,000

                    	
                      I
                        Cascade Plaza - 14-1803

                      Akron,
                        OH 44308

                      Attn:
                        Kevin O. Thompson

                      Phone:
                        330-375-8137

                      Fax:
                        330-375-8029

                      Email:
                        Kevin.thompson@nationalcity.com 

                    	
                      Same
                        as Domestic Lending Office

                    
	 	 	 	 
	
                      WestLB
                        AG, New York Branch

                    	
                      $45,000,000

                    	
                      1211
                        Avenue of the Americas

                      New
                        York, NY 10036

                      Attn:
                        Dempsey Gable

                      Phone:
                        212-852-6120

                      Fax:
                        212-852-6273

                      Email:
                        Dempsey-gable@westlb.com 

                    	
                      Same
                        as Domestic Lending Office

                    
	 	 	 	 
	
                      William
                        Street

                    	
                      $45,000,000

                    	
                      85
                        Broad Street

                      New
                        York, NY 10004

                      Attn:
                        Philip F. Green

                      Phone:
                        212-357-7570

                      Fax:
                        212-357-4597

                      Email:
                        Philip.F.Green@gs.com

                    	
                      Same
                        as Domestic Lending Office

                    

            

             

             

            
              
                
                

              

              
                I-3

                
                  

                

              

              
                
                

              

            

             

            
              	 Lender	 Allocation	 Domestic
                      Lending Office	 Eurodollar
                      Lending Office
	
                      PNC
                        Bank, National Association

                    	
                      $45,000,000

                    	
                      One
                        PNC Plaza

                      249
                        Fifth Avenue

                      Pittsburgh,
                        PA 15222

                      Attn:
                        Thomas A. Majeski

                      Phone:
                        412-762-2431

                      Fax:
                        412-762-6484

                      Email:
                        Thomas.majeski@pnc.com 

                    	
                      Same
                        as Domestic Lending Office

                    
	 	 	 	 
	
                      Sumitomo
                        Mitsui Banking Corporation

                    	
                      $45,000,000

                    	
                      277
                        Park Avenue, 6th Floor

                      New
                        York, NY 10172

                      Attn:
                        Brady S. Sadek

                      Phone:
                        212-224-4135

                      Fax:212-224-5222

                      Email:
                        bsadek@smbclf.com 

                    	
                      Same
                        as Domestic Lending Office

                    
	 	 	 	 
	
                      U.S.
                        Bank, N.A.

                    	
                      $45,000,000

                    	
                      1850
                        Osborn Avenue

                      Oshkosh,
                        WI 54901

                      Attn:
                        Connie Sweeney

                      Phone:
                        920-237-7604

                      Fax:
                        920-237-7993

                      Email:
                        Connie.Sweeney@usbank.com

                    	
                      Same
                        as Domestic Lending Office

                    
	 	 	 	 
	
                      First
                        Commercial Bank

                    	
                      $27,500,000

                    	
                      515
                        South Flower Street

                      Suite
                        1050

                      Los
                        Angeles, CA 90071

                      Attn:
                        Josephine Chong

                      Phone:
                        213-405-1133

                      Fax:
                        213-362-0219

                      Email:
                        fcblaloan@sbcglobal.net 

                    	
                      Same
                        as Domestic Lending Office

                    
	 	 	 	 
	
                      Mellon
                        Bank, N.A.

                    	
                      $25,000,000

                    	
                      One
                        Mellon Center

                      Room
                        151-4530

                      Pittsburgh,
                        PA 15258

                      Attn:
                        Mark W. Rogers

                      Phone:
                        412-234-1888

                      Fax:
                        412-236-1840

                      Email:
                        rogers.mw@mellon.com 

                    	
                      Same
                        as Domestic Lending Office

                    
	
                      TOTAL

                    	
                      $2,000,000,000

                    	 	 

            

          

        

      

      

      

      
        
          
          

          
          

        

        
          I-4

          
            

          

        

        
          
          

          
          

        

      

      SCHEDULE
        2.04(p)

      

      Letters
        of Credit

      

      

      
        	
                1.

              	
                Letter
                  of credit number SLT 751172, issued by JPMorgan Chase
                  Bank, N.A. in favor of Deutsche Bank Trust Company Americas for
                  the
                  account of FE in the amount of $46,150,595.00 with an expiration
                  date of
                  October 15, 2005.

              

      

       

      
        	
                2.

              	
                Letter
                  of credit number SLT 750788, issued by JPMorgan Chase
                  Bank, N.A. in favor of National Fuel Gas Distribution Corp. for
                  the
                  account of FES in the amount of $2,500,000.00 with an expiration
                  date of
                  November 30, 2005.

              

      

       

      
        	
                3.

              	
                Letter
                  of credit number SLT 751725, issued by JPMorgan Chase
                  Bank, N.A. in favor of Cologne Reinsurance Company (Dublin) Ltd.
                  for the
                  account of FE in the amount of $6,008,976.00 with an expiration
                  date of
                  December 31, 2005.

              

      

       

      
        	
                4.

              	
                Letter
                  of credit number SLT 751749, issued by JPMorgan Chase
                  Bank, N.A. in favor of Deutsche Bank Trust Company Americas for
                  the
                  account of FE in the amount of $400,000.00 with an expiration date
                  of
                  December 31, 2005.

              

      

       

      
        	
                5.

              	
                Letter
                  of credit number SLT 7500281, issued by JPMorgan
                  Chase Bank, N.A. in favor of Genesis Insurance Co. for the account
                  of GPU
                  Service Company in the amount of $3,873,554.00 with an expiration
                  date of
                  December 31, 2005.

              

      

       

      
        	
                6.

              	
                Letter
                  of credit number SLT 751766, issued by JPMorgan Chase
                  Bank, N.A. in favor of Travelers Casualty and Surety Co. of America
                  for
                  the account of FE in the amount of $18,000,000.00 with an expiration
                  date
                  of December 31, 2005.

              

      

       

      
        	
                7.

              	
                Letter
                  of credit number SLT 751762, issued by JPMorgan Chase
                  Bank, N.A. in favor of Travelers Casualty and Surety Co. of America
                  for
                  the account of FE in the amount of $3,000,000.00 with an expiration
                  date
                  of December 31, 2005.

              

      

       

      
        	
                8.

              	
                Letter
                  of credit number SLT 420678, issued by JPMorgan Chase
                  Bank, N.A. in favor of Midamerican Energy Company for the account
                  of MYR
                  Group in the amount of $20,000,000.00 with an expiration date of
                  December
                  31, 2005.

              

      

       

      
        	
                9.

              	
                Letter
                  of credit number SLT 332831, issued by JPMorgan Chase
                  Bank, N.A. in favor of PJM Interconnection, LLC for the account
                  of FE in
                  the amount of $5,000,000.00 with an expiration date of December
                  31,
                  2005.

              

      

       

      
        	
                10.

              	
                Letter
                  of credit number SLT 329830, issued by JPMorgan Chase
                  Bank, N.A. in favor of C.N.A. Insurance Co. for the account of
                  MYR Group
                  in the amount of $10,000.00 with an expiration date of June 1,
                  2006.

              

      

       

      
        	
                11.

              	
                Letter
                  of credit number SLT 329832, issued by JPMorgan Chase
                  Bank, N.A. in favor of C.N.A. Insurance Co. for the account of
                  MYR Group
                  in the amount of $29,000.00 with an expiration date of June 1,
                  2006.

              

      

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	
                12.

              	
                Letter
                  of credit number SLT 329889, issued by JPMorgan Chase
                  Bank, N.A. in favor of Zurich American Insurance for the account
                  of MYR
                  Group in the amount of $14,600,000.00 with an expiration date of
                  June 1,
                  2006.

              

      

       

      
        	
                13.

              	
                Letter
                  of credit number SLT 750380, issued by JPMorgan Chase
                  Bank, N.A. in favor of US Department of Labor-Workers Comp Programs
                  for
                  the account of Penn in the amount of $250,000.00 with an expiration
                  date
                  of June 30, 2006.

              

      

       

      
        	
                14.

              	
                Letter
                  of credit number SLT 750552, issued by JPMorgan Chase
                  Bank, N.A. in favor of Old Republic Insurance Company for the account
                  of
                  FirstEnergy Facilities Services in the amount of $6,876,385.00
                  with an
                  expiration date of August 30, 2006.

              

      

       

      
        	
                15.

              	
                Letter
                  of credit number SLT 332764, issued by JPMorgan Chase
                  Bank, N.A. in favor of Pennsylvania Department of Environmental
                  Protection
                  Bureau of Land Recycling and Waste Management for the account of
                  Penn in
                  the amount of $11,454,222.00 with an expiration date of September
                  1,
                  2006.

              

      

       

      
        	
                16.

              	
                Letter
                  of credit number SLT 750787, issued by JPMorgan Chase
                  Bank, N.A. in favor of PA Department of Environmental Protection
                  Bureau of
                  Land Recycling and Waste Management for the account of Penn in
                  the amount
                  of $210,000.00 with an expiration date of October 21,
                  2006.

              

      

       

      

       

      

      

      
        
          
          

          
          

        

        
          2

        

        
          
          

          
          

        

      

      EXHIBIT
        A

      Form
        of Assignment and Acceptance

      

      ASSIGNMENT
        AND ACCEPANCE

      

      [Date]

      

      

      Reference
        is made to the Credit Agreement, dated as of June 14,
        2005 (as amended, modified or supplemented from time to time, the
“Credit Agreement”), among FirstEnergy Corp., an Ohio
        corporation (“FE”), FirstEnergy Solutions Corp., an
        Ohio corporation (“FES”), American Transmission
        Systems, Incorporated, an Ohio corporation (“ATSI”),
        Ohio Edison Company, an Ohio corporation (“OE”),
        Pennsylvania Power Company, a Pennsylvania corporation
        (“Penn”), The Cleveland Electric Illuminating Company,
        an Ohio corporation (“TE”), Jersey Central Power &
        Light Company, a New Jersey corporation (“JCP&L”),
        Metropolitan Edison Company, a Pennsylvania corporation
        (“Met-Ed”), and Pennsylvania Electric Company, a
        Pennsylvania corporation (“Penelec”, and together with
        FE, FES, ATSI, OE, Penn, CEI, TE, JCP&L and Met-Ed, the
“Borrowers” and each a
“Borrower”), the banks party
        thereto (the
“Banks”), CITICORP USA, INC.
        (“CUSA”), as Administrative Agent (the
“Administrative Agent”) for the Lenders
        thereunder,
        CUSA (or one of its Affiliates), as a fronting bank, BARCLAYS BANK PLC
        (“Barclays”), as a fronting bank, the other fronting
        banks party thereto from time to time and the swing line lenders party thereto
        from time to time. Capitalized terms defined in the Credit Agreement are
        used
        herein with the same meaning.

      

      [_____________]
        (the “Assignor”) and
        [____________] (the “Assignee”) agree as
        follows:

       

      1. The
        Assignor hereby sells and assigns, without recourse,
        to the Assignee, and the Assignee hereby purchases and assumes from the
        Assignor, without recourse to the Assignor, all or a portion of the Assignor’s
        rights and obligations under the Credit Agreement and the other Loan Documents
        as of the Effective Date (as defined in Section 5 below) which represents
        the
        percentage interest specified on Schedule 1 of all outstanding rights
        and
        obligations of the Lenders under the Credit Agreement (the “Assigned
        Interest”), including, without limitation, such percentage
        interest in the Commitment as in effect on the Effective Date, the Advances
        outstanding on the date hereof, the Notes (if any) held by the Assignor and
        in
        the Letters of Credit. After giving effect to such sale and assignment, the
        Assignee’s Commitment and the amount of outstanding credits owing to the
        Assignee will be as set forth in Section 2 of Schedule 1.

       

      2. On
        the Effective Date, the Assignee will pay to the
        Assignor, in same day funds, at such address and account as the Assignor
        shall
        advise the Assignee, the principal amount of the Advances, and the participatory
        interest in Reimbursement Obligations, outstanding under the Loan Documents
        that
        are being assigned hereunder, and the sale and assignment contemplated hereby
        shall thereupon become effective. From and after the Effective Date, the
        Assignor agrees that the Assignee shall be entitled to all rights, powers
        and
        privileges of the Assignor under the Credit Agreement to the extent of the
        Assigned Interest, including without limitation (i) the right to receive
        all payments in respect of the Assigned Interest for the period from and
        after
        the Effective Date, whether on account of principal, interest, fees, indemnities
        in respect of claims arising after the Effective Date (subject to
        Sections 8.05 and 8.08 of the Credit Agreement), increased costs,
        additional amounts or otherwise; (ii) the right to vote and to instruct
        the
        Administrative Agent under the Credit Agreement based on the Assigned Interest;
        (iii) the right to set-off and to appropriate and apply deposits of
        the
        Borrowers as set forth in the Credit Agreement; and (iv) the right
        to
        receive notices, requests, demands and other communications. The Assignor
        agrees
        that it will promptly remit to the Assignee any amount received by it in
        respect
        of the Assigned Interest (whether from the Borrowers, the Administrative
        Agent
        or otherwise) in the same funds in which such amount is received by the
        Assignor.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      3. The
        Assignor (i) represents and warrants that it is
        the legal and beneficial owner of the interest being assigned by it hereunder
        and that such interest is free and clear of any adverse claim; (ii) other
        than as provided in this Assignment and Acceptance, makes no representation
        or
        warranty and assumes no responsibility with respect to any statements,
        warranties or representations made in or in connection with the Credit Agreement
        or the execution, legality, validity, enforceability, genuineness, sufficiency
        or value of the Credit Agreement or any other instrument or document furnished
        pursuant thereto; (iii) makes no representation or warranty and assumes
        no
        responsibility with respect to the financial condition of the Borrowers or
        the
        performance or observance by the Borrowers of any of their obligations under
        the
        Credit Agreement or any other instrument or document furnished pursuant thereto;
        (iv)  (if applicable) attaches the Notes referred to in Section 1
        above and
        requests that the Administrative Agent exchange such Notes for a new Note
        payable to the order of the Assignee in an amount equal to the Commitment
        assumed by the Assignee pursuant hereto or new Notes payable to the order
        of the
        Assignee in an amount equal to the Commitment assumed by the Assignee pursuant
        hereto and the Assignor in an amount equal to the Commitment retained by
        the
        Assignor under the Credit Agreement, respectively, as specified on
        Schedule 1 hereto; and (v) makes no other representation or warranty
        with
        respect to the Borrowers, the Loan Documents or any other instrument or document
        furnished pursuant thereto, except as expressly set forth in clause (i) of
        this
        Section 3.

       

      4. The
        Assignee (i) confirms that it has received a copy
        of the Credit Agreement, together with copies of the financial statements
        referred to in Section 4.01 thereof and such other documents and
        information as it has deemed appropriate to make its own credit analysis
        and
        decision to enter into this Assignment and Acceptance; (ii) agrees
        that it
        will, independently and without reliance upon the Administrative Agent, any
        Fronting Bank, the Assignor or any other Lender and based on such documents
        and
        information as it shall deem appropriate at the time, continue to make its
        own
        credit decisions in taking or not taking action under the Credit Agreement;
        (iii) confirms that it is an Eligible Assignee; (iv) appoints
        and
        authorizes the Administrative Agent to take such action as agent on its behalf
        and to exercise such powers under the Credit Agreement as are delegated to
        the
        Administrative Agent by the terms thereof, together with such powers as are
        reasonably incidental thereto; (v) agrees that it will perform in
        accordance with their terms all of the obligations which by the terms of
        the
        Credit Agreement are required to be performed by it as a Lender; [and]
        (vi) specifies as its Domestic Lending Office (and address for notices)
        and
        Eurodollar Lending Office the offices set forth beneath its name on the
        signature pages hereof [and (vi) attaches the forms prescribed by
        the
        Internal Revenue Service of the United States certifying that it is exempt
        from
        United States withholding taxes with respect to all payments to be made to
        the
        Assignee under the Credit Agreement and the Notes].* 

       

      
        
          
          

        

        
          A-2

          
            

          

        

        
          
          

        

      

      5. Following
        the execution of this Assignment and Acceptance
        by the Assignor and the Assignee, it will be delivered to the Administrative
        Agent for acceptance and recording by the Administrative Agent. The effective
        date of this Assignment and Acceptance shall be the date of acceptance thereof
        by the Administrative Agent, unless otherwise specified on Schedule 1
        hereto (the “Effective Date”); provided,
        however, that in no event shall this Assignment and Acceptance become
        effective prior to the payment for the processing and recordation fee to
        the
        Administrative Agent as provided in Section 8.08(a) of the
        Credit
        Agreement.

       

      6. Upon
        such acceptance and recording and receipt of any
        consent of the Borrowers and the Administrative Agent required pursuant to
        Section 8.08(a) of the Credit Agreement, as of the Effective Date, (i) the
        Assignee shall be a party to the Credit Agreement and, to the extent provided
        in
        this Assignment and Acceptance, have the rights and obligations of a Lender
        thereunder and (ii) the Assignor shall, to the extent provided in
        this
        Assignment and Acceptance, relinquish its rights and be released from its
        obligations under the Credit Agreement.

       

      7. Upon
        such acceptance, recording and consent, from and
        after the Effective Date, the Administrative Agent shall make all payments
        under
        the Credit Agreement and the Notes in respect of the interest assigned hereby
        (including, without limitation, all payments of principal, interest and fees
        with respect thereto) to the Assignee. The Assignor and Assignee shall make
        all
        appropriate adjustments in payments under the Credit Agreement and the Notes
        for
        periods prior to the Effective Date directly between themselves.

       

      8. THIS
        ASSIGNMENT AND ACCEPTANCE
        SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE
        OF
        NEW YORK.

       

      This
        Assignment and Acceptance may be signed in any number of
        counterparts and by different parties hereto in separate counterparts, each
        of
        which when so executed shall be deemed to be an original and all of which
        taken
        together shall constitute one and the same agreement.

       

      IN
        WITNESS WHEREOF, the parties hereto have
        caused this Assignment and Acceptance to be executed by their respective
        officers thereunto duly authorized, as of the date first above written, such
        execution being made on Schedule 1 hereto.

       

                                                       
        

    

     

    *   
      If the Assignee is organized under the laws of a jurisdiction outside the United
      States.

     

    
      
        
        

      

      
        A-3

        
          

        

      

      
        
        

      

    

    

    [NAME
      OF ASSIGNOR], as Assignor

    

    

    By                                                           
       

    Name:

    Title:

    

    [NAME
      OF ASSIGNEE], as Assignee

    

    

    By                                                           
       

    Name:

    Title:

    

    

    Domestic
      Lending Office (and

    address
      for notices):

    [Address]

    

    Eurodollar
      Lending Office:

    [Address]

    

    Accepted
      and Consented this ____ day

    of
      ___________, ______

    

    CITICORP
      USA, INC.

    as
      Administrative Agent and as a Fronting Bank

    

    

    By                                                        
       

    Name:

    Title:

    

    

    [FRONTING
      BANK]

    as
      a Fronting Bank

    

    

    By                                                     
      

    Name:

    Title:

    

    

    
      
        
        

      

      
        A-4

        
          

        

      

      
        
        

      

    

     

    [SWING
      LINE LENDER]

    as
      a Swing Line Lender

    

    

    By                                                
       

    Name:

    Title:

    

    

    BARCLAYS
      BANK PLC

    as
      a Fronting Bank

    

    

    By                                                
       

    Name:

    Title:

    

    

    Consented
      to:

    FIRSTENERGY
      CORP.

    

    

    By                                              
       

    Name:

         
      Title:

    

    

    FIRSTENERGY
      SOLUTIONS CORP.

    

    

    

    By                                              
        

         
      Name:

         
      Title:

    

    

    AMERICAN
      TRANSMISSION SYSTEMS, 

    INCORPORATED

    

    

    

    By                                             
        

         
      Name: 

         
      Title: 

    

    
      
        
        

      

      
        A-5

        
          

        

      

      
        
        

      

    

    

    OHIO
      EDISON COMPANY

    

    

    

    By                                              
        

    Name:

    Title:

    

    

    PENNSYLVANIA
      POWER COMPANY

    

    

    

    By                                             
        

    Name:

    Title:

    

    THE
      CLEVELAND ELECTRIC 

    ILLUMINATING
      COMPANY

    

    

    

    By                                           
        

    Name:

    Title:

    

    

    THE
      TOLEDO EDISON COMPANY

    

    

    

    By                                          
        

    Name:

    Title:

     

     

    
 

    
      JERSEY
        CENTRAL POWER &

    

    LIGHT
      COMPANY

    
 

    

    

    By                                                  
        

    Name:

    Title:

    

    
      
        
        

      

      
        A-6

        
          

        

      

      
        
        

      

    

    

    METROPOLITAN
      EDISON COMPANY

    

    

    

    By                                                  
        

    Name:

    Title:

    

    

    PENNSYLVANIA
      ELECTRIC COMPANY

    

    

    

    By                                                
        

    Name:

    Title:

    

    

    
      
        
        

      

      
        A-7

        
          

        

      

      
        
        

      

    

    

    
      
         

      

    

    Schedule 1
      to

    Assignment
      and Acceptance

    

    Dated
      __________

    

    

    

    Section 1.

    

    Total
      Credit Agreement Commitments            
      $____

    

    Percentage
      Interest:                         
      ____%

    

    Amount
      of Assigned Share                 $____

    

    Section 2.

    

    Assignee’s
      Commitment:                  
      $

    

    Aggregate
      Outstanding Commitments owing to the
      Assignee:     $

    

    A
      Note payable to the order of the Assignee

    Dated:
      ____________

    

    Principal
      amount:     $

    

    [A
      Note payable to the order of the Assignor

    Dated:
      _____________

    

    Principal
      amount:     $____]

    

    Section 3.

    

    Effective
      Date* :       
      _____________

    

    

    

      

      
        
          	
                   *

                	
                  This
                    date
                    should be no earlier than the date of acceptance by the Administrative
                    Agent.

                

        

         

      

    

    

    
      
        
          
            

            

            

          

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    

    EXHIBIT
      B

    Form
      of Note

    

    PROMISSORY
      NOTE

    

    U.S.$[______________]                                                           
       June __, 2005

    

    

    FOR
      VALUE RECEIVED, the undersigned, [FIRSTENERGY CORP., an Ohio
      corporation] [FIRSTENERGY SOLUTIONS CORP., an Ohio corporation] [AMERICAN
      TRANSMISSION SYSTEMS, INCORPORATED, an Ohio corporation] [OHIO EDISON COMPANY,
      an Ohio corporation] [PENNSYLVANIA POWER COMPANY, a Pennsylvania corporation]
      [THE CLEVELAND ELECTRIC ILLUMINATING COMPANY, an Ohio corporation] [THE TOLEDO
      EDISON COMPANY, an Ohio corporation] [JERSEY CENTRAL POWER & LIGHT COMPANY,
      a New Jersey corporation], [METROPOLITAN EDISON COMPANY, a Pennsylvania
      corporation] [PENNSYLVANIA ELECTRIC COMPANY, a Pennsylvania corporation] (the
      “Borrower”), HEREBY PROMISES TO PAY to the order of
      [_____________] (the “Lender”) for the account of its
      Applicable Lending Office (such term and other capitalized terms herein being
      used as defined in the Credit Agreement referred to below) the principal sum
      of
      U.S.$[______________] or, if less, the aggregate principal amount of the
      Advances made by the Lender to the Borrower pursuant to the Credit Agreement
      outstanding on the Termination Date, payable on the Termination Date.

    

    The
      Borrower promises to pay interest on the unpaid principal
      amount of each Advance from the date of such Advance until such principal amount
      is paid in full, at such interest rates, and payable at such times, as are
      specified in the Credit Agreement.

     

    Both
      principal and interest are payable in lawful money of the
      United States of America to Citicorp USA, Inc., as Administrative Agent, at
      Two
      Penns Way, Suite 200, New Castle, Delaware 19720, in same day funds. Each
      Advance made by the Lender to the Borrower pursuant to the Credit Agreement,
      and
      all payments made on account of principal thereof, shall be recorded by the
      Lender and, prior to any transfer hereof, endorsed on the grid attached hereto
      which is part of this Promissory Note.

     

    This
      Promissory Note is one of the Notes referred to in, and is
      entitled to the benefits of, the Credit Agreement, dated as of June 14, 2005
      (the “Credit Agreement”), among the Borrower,
      [FirstEnergy Corp.,] [FirstEnergy Solutions Corp.,] [American Transmission
      Systems, Incorporated,] [Ohio Edison Company,] [Pennsylvania Power Company,]
      [The Cleveland Electric Illuminating Company,] [The Toledo Edison Company,]
      [Jersey Central Power & Light Company,] [Metropolitan Edison Company,]
      [Pennsylvania Electric Company,] the banks party thereto, Citicorp USA, Inc.
      as
      Administrative Agent for the Lenders thereunder, Citicorp USA, Inc. (or one
      of
      its Affiliates), as a fronting bank, Barclays Bank PLC, as a fronting bank,
      the
      other fronting banks party thereto from time to time and the swing line lenders
      party thereto from time to time. The Credit Agreement, among other things,
      (i) provides for the making of Advances by the Lender to the Borrower
      from
      time to time in an aggregate amount not to exceed at any time outstanding the
      U.S. dollar amount first above mentioned, the indebtedness of the Borrower
      resulting from each such Advance being evidenced by this Promissory Note, and
      (ii) contains provisions for acceleration of the maturity hereof upon
      the
      happening of certain stated events and also for prepayments on account of
      principal hereof prior to the maturity hereof upon the terms and conditions
      therein specified. 

     

    The
      Borrower hereby waives presentment, demand, protest and notice
      of any kind. No failure to exercise, and no delay in exercising, any rights
      hereunder on the part of the holder hereof shall operate as a waiver of such
      rights.

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        
           

          

        

      

    

    

    THIS
      PROMISSORY NOTE SHALL BE GOVERNED BY, AND CONSTRUED
      IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

     

    [FIRSTENERGY
      CORP.] [FIRSTENERGY SOLUTIONS CORP.] [AMERICAN
      TRANSMISSION SYSTEMS, INCORPORATED] [OHIO EDISON COMPANY] [PENNSYLVANIA POWER
      COMPANY] [THE CLEVELAND ELECTRIC ILLUMINATING COMPANY], [THE TOLEDO EDISON
      COMPANY] [JERSEY CENTRAL POWER & LIGHT COMPANY], [METROPOLITAN EDISON
      COMPANY], [PENNSYLVANIA ELECTRIC COMPANY]

    

    

    

    By                                                                        
       

    Name:

    Title:

    

    

    

    
      
        
          
            

            

            

          

        

        
        

      

      
        B-2

        
          

        

      

      
        
        

        
        

      

    

    

    EXHIBIT
      C

    Form
      of Guaranty

    

    

    

     

    GUARANTY,
      dated as
      of _______, 200_, made by FIRSTENERGY CORP., an Ohio corporation (the
“Guarantor”), in favor of the Lenders (as defined in
      the Credit Agreement referred to below), Citicorp USA, Inc.
      (“CUSA”), as Administrative Agent for the Lenders (the
      “Administrative Agent”), the fronting banks party to
      the Credit Agreement referred to below from time to time (the
“Fronting Banks”) and the swing line lenders party to
      the Credit Agreement referred to below from time to time (the “Swing
      Line Lenders”, and together with the Lenders, the Administrative
      Agent and the Fronting Banks, the “Beneficiaries”).

     

    PRELIMINARY
      STATEMENT

    

    The
      Guarantor,
      FirstEnergy Solutions Corp., an Ohio corporation
      (“FES”), American Transmission Systems, Incorporated,
      an Ohio corporation (“ATSI”), Ohio Edison Company, an
      Ohio corporation (“OE”), Pennsylvania Power Company, a
      Pennsylvania corporation (“Penn”), The Cleveland
      Electric Illuminating Company, an Ohio corporation
      (“CEI”), The Toledo Edison Company, an Ohio
      corporation (“TE”), Jersey Central Power & Light
      Company, a New Jersey corporation (“JCP&L”),
      Metropolitan Edison Company, a Pennsylvania corporation
      (“Met-Ed”), and Pennsylvania Electric Company, a
      Pennsylvania corporation (“Penelec”, and together with
      the Guarantor, FES, ATSI, OE, Penn, CEI, TE, JCP&L and Met-Ed, the
“Borrowers”), are parties to a Credit Agreement, dated
      as of June 14, 2005 (as amended, amended and restated, supplemented or otherwise
      modified from time to time, the “Credit Agreement”;
      the capitalized terms defined therein and not otherwise defined herein being
      used herein as therein defined), with the Beneficiaries. The Guarantor may
      receive, directly or indirectly, a portion of the proceeds of the Extensions
      of
      Credit under the Credit Agreement and will derive substantial direct and
      indirect benefits from the transactions contemplated by the Credit Agreement.
      [It is a condition precedent to any increase in the Borrower Sublimit of
      [ATSI][FES] (the “Guaranteed Borrower”) that either
      (i) the Guaranteed Borrower has Reference Ratings of at least BBB- by S&P
      and Baa3 by Moody’s or (ii) the Guarantor deliver this Guaranty. The Guarantor
      desires to deliver this Guaranty in fulfillment of such condition.][ [ATSI][FES]
      (the “Guaranteed Borrower”) is required to meet the
      debt to capitalization ratio financial covenant described in Section 5.02(b)
      of
      the Credit Agreement unless the Guarantor delivers this Guaranty. The Guarantor
      desires to deliver this Guaranty in order to exempt the Guaranteed Borrower
      from
      compliance with such financial covenant.]

    

    NOW,
      THEREFORE, in consideration of the premises and in order to
      induce the Beneficiaries to make Advances to, to issue Letters of Credit for
      the
      account of the Guaranteed Borrower and to otherwise satisfy their obligations
      under the Credit Agreement, the Guarantor hereby agrees as follows:

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SECTION
      1. Guaranty; Limitation of Liability.

     

    (a) The
      Guarantor hereby absolutely, unconditionally and
      irrevocably guarantees the punctual payment when due, whether at scheduled
      maturity or on any date of a required prepayment or by acceleration, demand
      or
      otherwise, of the Applicable Percentage (as defined below) of all payment,
      performance and other obligations of the Guaranteed Borrower now or hereafter
      existing under or in respect of the Loan Documents (including, without
      limitation, any extensions, modifications, substitutions, amendments or renewals
      of any or all of the foregoing Obligations), whether direct or indirect,
      absolute or contingent, and whether for principal, interest, reimbursement
      obligations, premiums, fees, indemnities, contract causes of action, costs,
      expenses or otherwise, including, without limitation, (i) the obligation of
      the
      Guaranteed Borrower to pay principal, interest, Letter of Credit fees, charges,
      expenses, fees, attorneys’ fees and disbursements, indemnities and other amounts
      payable by the Guaranteed Borrower under any Loan Document, (ii) the obligation
      of the Guaranteed Borrower to reimburse any amount in respect of any drawing
      under any Letter of Credit issued for the account of the Guaranteed Borrower
      and
      (iii) any liability of the Guaranteed Borrower on any claim, whether or not
      the
      right of any creditor to payment in respect of such claim is reduced to
      judgment, liquidated, unliquidated, fixed, contingent, matured, disputed,
      undisputed, legal, equitable, secured or unsecured, and whether or not such
      claim is discharged, stayed or otherwise affected by any proceeding (such
      obligations being the “Guaranteed Obligations”), and
      agrees to pay any and all expenses (including, without limitation, fees and
      expenses of counsel) incurred by any Beneficiary in enforcing any rights under
      this Guaranty or any other Loan Document. As used herein,
“Applicable Percentage” shall mean (i) 100%, at any
      time that the Guaranteed Borrower [has Reference Ratings of less than BBB-
      by
      S&P and Baa3 by Moody’s][the Guaranteed Borrower is not in compliance with
      the financial covenant described in Section 5.02 of the Credit Agreement] and
      (ii) 0%, at any time that the Guaranteed Borrower has Reference Ratings of
      at
      least BBB- by S&P and Baa3 by Moody’s and the Guaranteed Borrower is in
      compliance with the financial covenant described in Section 5.02 of the Credit
      Agreement. Without limiting the generality of the foregoing, the Guarantor’s
      liability shall extend to all amounts that constitute part of the Guaranteed
      Obligations and would be owed by any other Borrower to any Beneficiary under
      or
      in respect of the Loan Documents but for the fact that they are unenforceable
      or
      not allowable due to the existence of a bankruptcy, reorganization or similar
      proceeding involving such other Borrower.

     

    (b) The
      Guarantor, and by its acceptance of this Guaranty,
      each Beneficiary hereby confirms that it is the intention of all such Persons
      that this Guaranty and the Guaranteed Obligations of the Guarantor hereunder
      not
      constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law
      (as hereinafter defined), the Uniform Fraudulent Conveyance Act, the Uniform
      Fraudulent Transfer Act or any similar foreign, federal or state law to the
      extent applicable to this Guaranty and the Guaranteed Obligations. To effectuate
      the foregoing intention, the Beneficiaries and the Guarantor hereby irrevocably
      agree that the Guaranteed Obligations at any time shall be limited to the
      maximum amount as will result in the Guaranteed Obligations not constituting
      a
      fraudulent transfer or conveyance. For purposes hereof, “Bankruptcy
      Law” means any proceeding of the type referred to in Section
      6.01(f) of the Credit Agreement or Title 11, U.S. Code, or any similar foreign,
      federal or state law for the relief of debtors.

     

     

    
      
        
        

      

      
        C-2

        
          

        

      

      
        
        

      

    

    SECTION
      2. Guaranty Absolute. 

     

    The
      Guarantor guarantees that the Guaranteed Obligations will be
      paid strictly in accordance with the terms of the Loan Documents, regardless
      of
      any law, regulation or order now or hereafter in effect in any jurisdiction
      affecting any of such terms or the rights of any Beneficiary with respect
      thereto. The obligations of the Guarantor under or in respect of this Guaranty
      are independent of the Guaranteed Obligations or any other obligations the
      Guaranteed Borrower under or in respect of the Loan Documents, and a separate
      action or actions may be brought and prosecuted against the Guarantor to enforce
      this Guaranty, irrespective of whether any action is brought against the
      Guaranteed Borrower or whether the Guaranteed Borrower is joined in any such
      action or actions. The liability of the Guarantor under this Guaranty shall
      be
      irrevocable, absolute and unconditional irrespective of, and the Guarantor
      hereby irrevocably waives any defenses it may now have or hereafter acquire
      in
      any way relating to, any or all of the following:

     

    (a) any
      lack of validity or enforceability of any Loan Document
      or any agreement or instrument relating thereto;

     

    (b) any
      change in the time, manner or place of payment of, or in
      any other term of, all or any of the Guaranteed Obligations or any other
      obligations of any other Borrower under or in respect of the Loan Documents,
      or
      any other amendment or waiver of or any consent to departure from any Loan
      Document, including, without limitation, any increase in the Guaranteed
      Obligations resulting from the extension of additional credit to the Guaranteed
      Borrower or any other Borrower or any of its Subsidiaries or otherwise;

     

    (c) any
      taking, exchange, release or non-perfection of any
      collateral, or any taking, release or amendment or waiver of, or consent to
      departure from, any other guaranty, for all or any of the Guaranteed
      Obligations;

     

    (d) any
      manner of application of any collateral, or proceeds
      thereof, to all or any of the Guaranteed Obligations, or any manner of sale
      or
      other disposition of any collateral for all or any of the Guaranteed Obligations
      or any other assets of the Guaranteed Borrower or any of its Subsidiaries;

     

    (e) any
      change, restructuring or termination of the corporate
      structure or existence of the Guaranteed Borrower or any other Borrower or
      any
      of its Subsidiaries;

     

    (f) any
      failure of any Beneficiary to disclose to the Guarantor
      any information relating to the business, condition (financial or otherwise),
      operations, performance, properties or prospects of the Guaranteed Borrower
      now
      or hereafter known to such Beneficiary (the Guarantor waiving any duty on the
      part of Beneficiaries to disclose such information);

     

    (g) the
      failure of any other Person to execute or deliver this
      Guaranty or any other guaranty or agreement or the release or reduction of
      liability of the Guarantor or other guarantor or surety with respect to the
      Guaranteed Obligations; or

     

    
      
        
        

      

      
        C-3

        
          

        

      

      
        
        

      

    

    (h) any
      other circumstance (including, without limitation, any
      statute of limitations) or any existence of or reliance on any representation
      by
      any Beneficiary that might otherwise constitute a defense available to, or
      a
      discharge of, the Guarantor or any other guarantor or surety.

     

    This
      Guaranty shall continue to be effective or be reinstated, as the
      case may be, if at any time any payment of any of the Guaranteed Obligations
      is
      rescinded or must otherwise be returned by any Beneficiary or any other Person
      upon the insolvency, bankruptcy or reorganization of the Guarantor, the
      Guaranteed Borrower or otherwise, all as though such payment had not been
      made.

     

    SECTION
      3. Waivers and Acknowledgments.

     

    (a) The
      Guarantor hereby unconditionally and irrevocably
      waives promptness, diligence, notice of acceptance, presentment, demand for
      performance, notice of nonperformance, default, acceleration, protest or
      dishonor and any other notice with respect to any of the Guaranteed Obligations
      and this Guaranty and any requirement that any Beneficiary protect, secure,
      perfect or insure any Lien or any property subject thereto or exhaust any right
      or take any action against the Guaranteed Borrower or any other Person or any
      collateral.

     

    (b) The
      Guarantor hereby unconditionally and irrevocably
      waives any right to revoke this Guaranty and acknowledges that this Guaranty
      is
      continuing in nature and applies to all Guaranteed Obligations, whether existing
      now or in the future.

     

    (c) The
      Guarantor hereby unconditionally and irrevocably
      waives (i) any defense arising by reason of any claim or defense based upon
      an
      election of remedies by any Beneficiary that in any manner impairs, reduces,
      releases or otherwise adversely affects the subrogation, reimbursement,
      exoneration, contribution or indemnification rights of the Guarantor or other
      rights of the Guarantor to proceed against the Guaranteed Borrower, any other
      guarantor or any other Person or any collateral and (ii) any defense based
      on
      any right of set-off or counterclaim against or in respect of the Guaranteed
      Obligations.

     

    (d) The
      Guarantor hereby unconditionally and irrevocably
      waives any duty on the part of any Beneficiary to disclose to the Guarantor
      any
      matter, fact or thing relating to the business, condition (financial or
      otherwise), operations, performance, properties or prospects of the Guaranteed
      Borrower or any other Borrower or any of its Subsidiaries now or hereafter
      known
      by such Beneficiary.

     

    (e) The
      Guarantor acknowledges that it will receive
      substantial direct and indirect benefits from the financing arrangements
      contemplated by the Loan Documents and that the waivers set forth in Section
      2
      and this Section 3 are knowingly made in contemplation of such benefits.

     

    
      
        
        

      

      
        C-4

        
          

        

      

      
        
        

      

    

    SECTION
      4. Subrogation. 

     

    The
      Guarantor hereby unconditionally and irrevocably agrees not to
      exercise any rights that it may now have or hereafter acquire against the
      Guaranteed Borrower that arise from the existence, payment, performance or
      enforcement of the Guaranteed Obligations under or in respect of this Guaranty,
      including, without limitation, any right of subrogation, reimbursement,
      exoneration, contribution or indemnification and any right to participate in
      any
      claim or remedy of any Beneficiary against the Guaranteed Borrower, whether
      or
      not such claim, remedy or right arises in equity or under contract, statute
      or
      common law, including, without limitation, the right to take or receive from
      the
      Guaranteed Borrower, directly or indirectly, in cash or other property or by
      set-off or in any other manner, payment or security on account of such claim,
      remedy or right, unless and until all of the Guaranteed Obligations and all
      other amounts payable under this Guaranty shall have been paid in full in cash,
      all Letters of Credit issued for the account of the Guaranteed Borrower shall
      have expired or been terminated and the Commitments relating to the Guaranteed
      Borrower’s Borrower Sublimit shall have expired or been terminated. If any
      amount shall be paid to the Guarantor in violation of the immediately preceding
      sentence at any time prior to the latest of (a) the payment in full in cash
      of
      the Guaranteed Obligations and all other amounts payable under this Guaranty,
      (b) the Termination Date, and (c) the latest date of expiration or termination
      of all Letters of Credit issued for the account of the Guaranteed Borrower,
      such
      amount shall be received and held in trust for the benefit of the Beneficiaries,
      shall be segregated from other property and funds of the Guarantor and shall
      forthwith be paid or delivered to the Administrative Agent in the same form
      as
      so received (with any necessary endorsement or assignment) to be credited and
      applied to the Guaranteed Obligations and all other amounts payable under this
      Guaranty, whether matured or unmatured, in accordance with the terms of the
      Loan
      Documents, or to be held as collateral for any Guaranteed Obligations or other
      amounts payable under this Guaranty thereafter arising. If (i) the Guarantor
      shall make payment to any Beneficiary of all or any part of the Guaranteed
      Obligations, (ii) all of the Guaranteed Obligations and all other amounts
      payable under this Guaranty shall have been paid in full in cash, (iii) the
      Termination Date shall have occurred and (iv) all Letters of Credit shall have
      expired or been terminated, the Beneficiaries will, at the Guarantor’s request
      and expense, execute and deliver to the Guarantor appropriate documents, without
      recourse and without representation or warranty, necessary to evidence the
      transfer by subrogation to the Guarantor of an interest in the Guaranteed
      Obligations resulting from such payment made by the Guarantor pursuant to this
      Guaranty.

     

    SECTION
      5. Payments Free and Clear of Taxes, Etc.

     

    (a) Any
      and all payments made by the Guarantor under or in
      respect of this Guaranty or any other Loan Document shall be made, in accordance
      with Section 2.16 of the Credit Agreement, free and clear of and without
      deduction for any and all present or future Taxes. If the Guarantor shall be
      required by law to deduct any Taxes from or in respect of any sum payable under
      or in respect of this Guaranty or any other Loan Document to any Beneficiary,
      (i) the sum payable by the Guarantor shall be increased as may be necessary
      so
      that after the Guarantor and the Administrative Agent have made all required
      deductions (including deductions applicable to additional sums payable under
      this Section 5), such Beneficiary receives an amount equal to the sum it would
      have received had no such deductions been made, (ii) the Guarantor shall make
      all such deductions and (iii) the Guarantor shall pay the full amount deducted
      to the relevant taxation authority or other authority in accordance with
      applicable law.

     

    
      
        
        

      

      
        C-5

        
          

        

      

      
        
        

      

    

    (b) In
      addition, the Guarantor agrees to pay any present or
      future Other Taxes that arise from any payment made by or on behalf of the
      Guarantor under or in respect of this Guaranty or any other Loan Document or
      from the execution, delivery or registration of, performance under, or otherwise
      with respect to, this Guaranty and the other Loan Documents.

     

    (c) The
      Guarantor agrees to indemnify each Beneficiary for
      and hold it harmless against the full amount of Taxes and Other Taxes,
      (including, without limitation, any Taxes or Other Taxes of any kind imposed
      by
      any jurisdiction on amounts payable under this Section 5) imposed on or paid
      by
      such Beneficiary and any liability (including penalties, additions to tax,
      interest and expenses) arising therefrom or with respect thereto. This
      indemnification shall be made within 30 days from the date such Beneficiary
      makes written demand therefor.

     

    (d) From
      time to time thereafter if requested by the
      Guarantor or the Administrative Agent, each Beneficiary organized under the
      laws
      of a jurisdiction outside the United States shall provide the Administrative
      Agent, each Fronting Bank, each Swing Line Lender and the Guarantor with the
      forms prescribed by the Internal Revenue Service of the United States certifying
      that such Beneficiary is exempt from United States withholding taxes with
      respect to all payments to be made to such Beneficiary hereunder. If for any
      reason during the term of this Guaranty, any Beneficiary becomes unable to
      submit the forms referred to above or the information or representations
      contained therein are no longer accurate in any material respect, such
      Beneficiary shall promptly notify the Administrative Agent, each Fronting Bank,
      each Swing Line Lender and the Guarantor in writing to that effect. Unless
      the
      Guarantor, the Fronting Banks, the Swing Line Lenders and the Administrative
      Agent have received forms or other documents satisfactory to them indicating
      that payments hereunder are not subject to United States withholding tax, the
      Guarantor, each Fronting Bank, each Swing Line Lender or the Administrative
      Agent shall withhold taxes from such payments at the applicable statutory rate
      in the case of payments to or for any Beneficiary organized under the laws
      of a
      jurisdiction outside the United States.

     

    (e) Any
      Beneficiary claiming any additional amounts payable
      pursuant to this Section 5 shall use its best efforts (consistent with
      its
      internal policy and legal and regulatory restrictions) to change the
      jurisdiction of its Applicable Lending Office if the making of such a change
      would avoid the need for, or reduce the amount of, any such additional amounts
      that may thereafter accrue and would not, in the reasonable judgment of such
      Beneficiary, be otherwise disadvantageous to such Beneficiary. 

     

    (f) Without
      prejudice to the survival of any other agreement
      of the Guarantor hereunder, the agreements and obligations of the Guarantor
      contained in this Section 5 shall survive the payment in full or termination
      of
      the Guaranteed Obligations.

     

    SECTION
      6. Representations and Warranties.

     

    The
      Guarantor hereby makes each representation and warranty made
      in the Loan Documents by the Borrowers with respect to the Guarantor and the
      Guarantor hereby further represents and warrants as follows:

     

    (a) There
      are no conditions precedent to the effectiveness of
      this Guaranty that have not been satisfied or waived.

     

    
      
        
        

      

      
        C-6

        
          

        

      

      
        
        

      

    

    

    (b) The
      Guarantor has, independently and without reliance
      upon any Beneficiary and based on such documents and information as it has
      deemed appropriate, made its own credit analysis and decision to enter into
      this
      Guaranty and each other Loan Document to which it is or is to be a party, and
      the Guarantor has established adequate means of obtaining from the Guaranteed
      Borrower on a continuing basis information pertaining to, and is now and on
      a
      continuing basis will be completely familiar with, the business, condition
      (financial or otherwise), operations, performance, properties and prospects
      of
      the Guaranteed Borrower.

     

    SECTION
      7. Covenants. 

     

    The
      Guarantor covenants and agrees that, so long as any part of
      the Guaranteed Obligations shall remain unpaid, any Letter of Credit issued
      for
      the account of the Guaranteed Borrower shall be outstanding or any Lender shall
      have any Commitment relating to the Guaranteed Borrower’s Borrower Sublimit, the
      Guarantor will perform and observe, and cause each of its Subsidiaries to
      perform and observe, all of the terms, covenants and agreements set forth in
      the
      Loan Documents on its or their part to be performed or observed or that the
      Guarantor has agreed to cause the Guaranteed Borrower or such Subsidiaries
      to
      perform or observe.

     

    SECTION
      8. Amendments, Guaranty Supplements, Etc.

     

    No
      amendment or waiver of any provision of this Guaranty and no
      consent to any departure by the Guarantor therefrom shall in any event be
      effective unless the same shall be in writing and signed by the Majority
      Lenders, and then such waiver or consent shall be effective only in the specific
      instance and for the specific purpose for which given; provided,
      however, that no amendment, waiver or consent shall, unless in writing and
      signed by all of the Beneficiaries, (a) reduce or limit the obligations of
      the
      Guarantor hereunder, release the Guarantor hereunder or otherwise limit the
      Guarantor’s liability with respect to the Obligations owing to the Beneficiaries
      under or in respect of the Loan Documents, (b) postpone any date fixed for
      payment hereunder or (c) change the number of Beneficiaries or the percentage
      of
      (x) the Commitments, (y) the aggregate unpaid principal amount of the Advances
      or (z) the aggregate available amount of outstanding Letters of Credit that,
      in
      each case, shall be required for the Beneficiaries or any of them to take any
      action hereunder; and provided, further, that no amendment, waiver or
      consent shall, unless in writing and signed by the Administrative Agent in
      addition to the Lenders required above to take such action, affect the rights
      or
      duties of the Administrative Agent under this Guaranty; and provided,
      further, that no amendment, waiver or consent that would adversely affect
      the rights of, or increase the obligations of, any Fronting Bank, shall be
      effective unless agreed to in writing by such Fronting Bank; and provided,
      further, that no amendment, waiver or consent that would adversely affect
      the rights of, or increase the obligations of, any Swing Line Lender, shall
      be
      effective unless agreed to in writing by such Swing Line Lender; and
provided, further, that this Guaranty may be amended and restated
      without the consent of any Beneficiary if, upon giving effect to such amendment
      and restatement, such Beneficiary shall no longer be a Beneficiary of this
      Guaranty (as so amended and restated) or have any obligation hereunder and
      shall
      have been paid in full all amounts payable hereunder to such Beneficiary.

     

    
      
        
        

      

      
        C-7

        
          

        

      

      
        
        

      

    

    SECTION
      9. Notices, Etc. 

     

    All
      notices and other communications provided for hereunder shall
      be in writing (including telegraphic, telecopy or cable communication) and
      mailed, telegraphed, telecopied, cabled or delivered to it, if to the Guarantor,
      addressed to it at FE’s addresses specified in Section 8.02 of the Credit
      Agreement, if to the Administrative Agent, any Lender or any Fronting Bank,
      at
      its address specified in Section 8.02 of the Credit Agreement, or, as to each
      party, at such other address as shall be designated by such party in a written
      notice to each other party. All such notices and other communications shall,
      when mailed, telegraphed, telecopied or cabled, be effective when deposited
      in
      the mails, delivered to the telegraph company, telecopied or delivered to the
      cable company, respectively. Delivery by telecopier of an executed counterpart
      of a signature page to any amendment or waiver of any provision of this Guaranty
      or of any Guaranty Supplement to be executed and delivered hereunder shall
      be
      effective as delivery of an original executed counterpart thereof.

     

    SECTION
      10. No Waiver, Remedies. 

     

    No
      failure on the part of any Beneficiary to exercise, and no
      delay in exercising, any right hereunder shall operate as a waiver thereof;
      nor
      shall any single or partial exercise of any right hereunder preclude any other
      or further exercise thereof or the exercise of any other right. The remedies
      herein provided are cumulative and not exclusive of any remedies provided by
      law.

     

    SECTION
      11. Right of Set-off. 

     

    Upon
      the occurrence and during the continuance of any Event of
      Default, each Beneficiary and each of its Affiliates that is acting as a
      Fronting Bank under the Credit Agreement is hereby authorized at any time and
      from time to time, to the fullest extent permitted by law, to set off and apply
      any and all deposits (general or special, time or demand, provisional or final,
      excluding, however, any payroll accounts maintained by the
      Guarantor with such Beneficiary if and to the extent that such Beneficiary
      shall
      have expressly waived its set-off rights in writing in respect of such payroll
      account) at any time held and other indebtedness at any time owing by such
      Beneficiary or such Affiliate to or for the credit or the account of the
      Guarantor against any and all of the obligations of the Guarantor now or
      hereafter existing under this Guaranty, irrespective of whether such Beneficiary
      shall have made any demand under this Guaranty or any other Loan Document and
      although such obligations may be unmatured. Each Beneficiary agrees promptly
      to
      notify the Guarantor after any such set-off and application; provided,
      however, that the failure to give such notice shall not affect the validity
      of such set-off and application. The rights of each Beneficiary and its
      respective Affiliates under this Section are in addition to other rights and
      remedies (including, without limitation, other rights of set-off) that such
      Beneficiary and its respective Affiliates may have.

     

    SECTION
      12. Indemnification. 

     

    (a)
       Without limitation on any other Guaranteed Obligations
      of the Guarantor or remedies of the Beneficiaries under this Guaranty, the
      Guarantor shall, to the fullest extent permitted by law, indemnify, defend
      and
      save and hold harmless each Beneficiary and each of its Affiliates and their
      respective officers, directors, employees, agents and advisors (each, an
“Indemnified Party”) from and against, and shall pay
      on demand, any and all claims, damages, losses, liabilities and expenses
      (including, without limitation, reasonable fees and expenses of counsel) that
      may be incurred by or asserted or awarded against any Indemnified Party in
      connection with or as a result of any failure of any Guaranteed Obligations
      to
      be the legal, valid and binding obligations of the Guaranteed Borrower
      enforceable against the Guaranteed Borrower in accordance with their
      terms.

     

    
      
        
        

      

      
        C-8

        
          

        

      

      
        
        

      

    

    (b) The
      Guarantor hereby also agrees that none of the
      Indemnified Parties shall have any liability (whether direct or indirect, in
      contract, tort or otherwise) to the Guarantor or any of its respective
      Affiliates or any of their respective officers, directors, employees, agents
      and
      advisors, and the Guarantor hereby agrees not to assert any claim against any
      Indemnified Party on any theory of liability, for special, indirect,
      consequential or punitive damages in connection with, arising out of, or
      otherwise relating to this Guaranty, any of the transactions contemplated herein
      or the actual or proposed use of the proceeds of the Advances constituting
      Guaranteed Obligations.

    

    (c) Without
      prejudice to the survival of any of the other
      agreements of the Guarantor under this Guaranty or any of the other Loan
      Documents, the agreements and obligations of the Guarantor contained in Section
      1(a) (with respect to enforcement expenses), the last sentence of Section 2,
      Section 5 and this Section 12 shall survive the payment in full of the
      Guaranteed Obligations and all of the other amounts payable under this
      Guaranty.

    

    SECTION
      13. Subordination. 

     

    If
      any Unmatured Default shall have occurred and be continuing,
      the Guarantor agrees to subordinate any and all debts, liabilities and other
      obligations owed to the Guarantor by the Guaranteed Borrower (the
“Subordinated Obligations”) to the Guaranteed
      Obligations to the extent and in the manner hereinafter set forth in this
      Section 13:

     

    (a) Prohibited
      Payments, Etc.
      Except during the continuance of an Unmatured Default (including the
      commencement and continuation of any proceeding under any Bankruptcy Law
      relating to the Guaranteed Borrower), the Guarantor may receive regularly
      scheduled payments from the Guaranteed Borrower on account of the Subordinated
      Obligations. After the occurrence and during the continuance of any Unmatured
      Default (including the commencement and continuation of any proceeding under
      any
      Bankruptcy Law relating to the Guaranteed Borrower), however, unless the
      Administrative Agent otherwise agrees, the Guarantor shall not demand, accept
      or
      take any action to collect any payment on account of the Subordinated
      Obligations.

    

    (b) Prior
      Payment of Guaranteed
      Obligations. In any proceeding under any Bankruptcy Law relating
      to the Guaranteed Borrower, the Guarantor agrees that the Beneficiaries shall
      be
      entitled to receive payment in full in cash of all Guaranteed Obligations
      (including all interest and expenses accruing after the commencement of a
      proceeding under any Bankruptcy Law, whether or not constituting an allowed
      claim in such proceeding (“Post Petition Interest”))
      before the Guarantor receives payment of any Subordinated Obligations.

    

    
      
        
        

      

      
        C-9

        
          

        

      

      
        
        

      

    

    

    (c) Turn-Over.
      After the occurrence
      and during the continuance of any Unmatured Default (including the commencement
      and continuation of any proceeding under any Bankruptcy Law relating to the
      Guaranteed Borrower), the Guarantor shall, if the Administrative Agent so
      requests, collect, enforce and receive payments on account of the Subordinated
      Obligations as trustee for the Beneficiaries and deliver such payments to the
      Administrative Agent on account of the Guaranteed Obligations (including all
      Post Petition Interest), together with any necessary endorsements or other
      instruments of transfer, but without reducing or affecting in any manner the
      liability of the Guarantor under the other provisions of this Guaranty.

     

    (d) Administrative
      Agent
      Authorization. After the occurrence and during the continuance of
      any Unmatured Default (including the commencement and continuation of any
      proceeding under any Bankruptcy Law relating to any other the Guaranteed
      Borrower), the Administrative Agent is authorized and empowered (but without
      any
      obligation to so do), in its discretion, (i) in the name of the Guarantor,
      to
      collect and enforce, and to submit claims in respect of, Subordinated
      Obligations and to apply any amounts received thereon to the Guaranteed
      Obligations (including any and all Post Petition Interest), and (ii) to require
      the Guarantor (A) to collect and enforce, and to submit claims in respect of,
      Subordinated Obligations and (B) to pay any amounts received on such obligations
      to the Administrative Agent for application to the Guaranteed Obligations
      (including any and all Post Petition Interest).

     

    SECTION
      14. Continuing Guaranty; Assignments under the
      Credit Agreement.

     

    This
      Guaranty is a continuing guaranty and shall (a) remain in
      full force and effect until the latest of (i) the payment in full in cash of
      the
      Guaranteed Obligations and all other amounts payable under this Guaranty, (ii)
      the Termination Date, (iii) the latest date of expiration or termination of
      all
      Letters of Credit issued for the account of the Guaranteed Borrower, (b) be
      binding upon the Guarantor, its successors and assigns and (c) inure to the
      benefit of and be enforceable by the Beneficiaries and their successors,
      transferees and assigns. Without limiting the generality of clause (c) of the
      immediately preceding sentence, any Beneficiary may assign or otherwise transfer
      all or any portion of its rights and obligations under the Credit Agreement
      (including, without limitation, all or any portion of its Commitments, the
      Advances owing to it and the Note or Notes held by it) to any other Person,
      and
      such other Person shall thereupon become vested with all the benefits in respect
      thereof granted to such Beneficiary herein or otherwise, in each case as and
      to
      the extent provided in Section 8.08 of the Credit Agreement. The Guarantor
      shall
      not have the right to assign its rights hereunder or any interest herein without
      the prior written consent of the Beneficiaries.

     

    SECTION
      15. Execution in Counterparts.

     

    This
      Guaranty and each amendment, waiver and consent with respect
      hereto may be executed in any number of counterparts and by different parties
      thereto in separate counterparts, each of which when so executed shall be deemed
      to be an original and all of which taken together shall constitute one and
      the
      same agreement. Delivery of an executed counterpart of a signature page to
      this
      Guaranty by telecopier shall be effective as delivery of an original executed
      counterpart of this Guaranty.

     

    
      
        
        

      

      
        C-10

        
          

        

      

      
        
        

      

    

    SECTION
      16. Governing Law; Jurisdiction; Waiver of
      Jury Trial, Etc. 

     

    (a) THIS
      GUARANTY SHALL BE GOVERNED BY, AND CONSTRUED
      IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

     

    (b) To
      the fullest extent permitted by law, the Guarantor
      hereby irrevocably and unconditionally (i) submits, for itself and its property,
      to the nonexclusive jurisdiction of any New York State court or Federal court
      of
      the United States of America sitting in New York City, and any appellate court
      from any thereof, in any action or proceeding arising out of or relating to
      this
      Guaranty or any of the other Loan Documents to which it is or is to be a party,
      and (ii) agrees that all claims in respect of any such action or proceeding
      may
      be heard and determined in such New York State court or, in such Federal court.
      The Guarantor agrees, to the fullest extent permitted by law, that a final
      judgment in any such action or proceeding shall be conclusive and may be
      enforced in other jurisdictions by suit on the judgment or in any other manner
      provided by law. 

     

    (c) The
      Guarantor hereby irrevocably and unconditionally
      waives, to the fullest extent permitted by law, any objection that it may now
      or
      hereafter have to the laying of venue of any suit, action or proceeding arising
      out of or relating to this Guaranty or any of the other Loan Documents to which
      it is or is to be a party in any New York State or federal court. The Guarantor
      hereby irrevocably waives, to the fullest extent permitted by law, the defense
      of an inconvenient forum to the maintenance of such suit, action or proceeding
      in any such court. The Guarantor also, irrevocably consents, to the fullest
      extent permitted by law, to the service of any and all process in any such
      action or proceeding by the mailing of certified mail of copies of such process
      to the Guarantor at its address specified in Section 9.

     

    (d) THE
      GUARANTOR AND EACH BENEFICIARY HEREBY WAIVES ALL
      RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT
      OF
      OR RELATING TO THIS GUARANTY, ANY OTHER LOAN DOCUMENT, OR ANY OTHER INSTRUMENT
      OR DOCUMENT DELIVERED HEREUNDER OR THEREUNDER.

     

    

    

     

    

    
      
        
          

        

        
        

      

      
        C-11

        
          

        

      

      
        
        

        
        

      

    

    

    IN
      WITNESS WHEREOF, the Guarantor has caused this Guaranty to be
      duly executed and delivered by its officer thereunto duly authorized as of
      the
      date first above written.

     

    FIRSTENERGY
      CORP.

    

    

    By:_____________________________

    Name:

    Title:

    

     

    

     

    

     

     

    

    

    
      
        
          

        

        
        

      

      
        
        

        
          

        

      

      
        
        

        
        

      

    

    

    EXHIBIT
      D

    Form
      of Notice of Pro-Rata Borrowing

    

    

    Citicorp
      USA, Inc., as Administrative Agent

    for
      the Lenders party to the Credit Agreement

    referred
      to below

    

    

    

    ____
      __, 200__

    

    

    

    

    Ladies
      and Gentlemen:

     

    The
      undersigned refers to the Credit Agreement, dated as of June
      14, 2005 (the “Credit Agreement”, the terms defined
      therein being used herein as therein defined), among the undersigned,
      [FirstEnergy Corp.,] [American Transmission Systems, Incorporated,]
      [Pennsylvania Power Company,] [The Cleveland Electric Illuminating Company,]
      [The Toledo Edison Company,] [Jersey Central Power & Light Company,]
      [Metropolitan Edison Company,] [Pennsylvania Electric Company,] the banks party
      thereto, Citicorp USA, Inc. as Administrative Agent for the Lenders thereunder,
      Citicorp USA, Inc. (or one of its Affiliates), as a fronting bank, Barclays
      Bank
      PLC, as a fronting bank, the other fronting banks party thereto from time to
      time and the swing line lenders party thereto from time to time, and hereby
      gives you notice, irrevocably, pursuant to Section 2.02 of the Credit Agreement
      that the undersigned hereby requests a Pro-Rata Borrowing under the Credit
      Agreement, and in that connection sets forth below the information relating
      to
      such Pro-Rata Borrowing (the “Proposed Borrowing”) as
      required by Section 2.02(a) of the Credit Agreement:

     

    (i) The
      Business Day of the Proposed Borrowing is
      __________________, ____.

     

    (ii) The
      Type of Pro-Rata Advance to be made in connection
      with the Proposed Borrowing is [an Alternate Base Rate Pro-Rata Advance] [a
      Eurodollar Rate Pro-Rata Advance].

     

    (iii) The
      aggregate amount of the Proposed Borrowing is
      $____________.

     

    [(iv) The
      Interest Period for each Eurodollar Rate Pro-Rata
      Advance made as part of the Proposed Borrowing is ____
      [week[s]][month[s]].]

     

    
      	 	
              (v)

            	
              The
                Borrower
                requesting the Proposed Borrowing is
                _______________.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    The
      undersigned hereby certifies that the following statements are
      true on the date hereof, and will be true on the date of the Proposed
      Borrowing:

     

    (A) the
      representations and warranties of such Borrower
      contained in Section 4.01 [(other than subsections (f) and (g)
      thereof)]*  of the Credit Agreement are correct, before and after giving
      effect to the Proposed Borrowing and to the application of the proceeds
      therefrom, as though made on and as of such date;

     

    (B) no
      event has occurred and is continuing, or would result
      from such Proposed Borrowing or from the application of the proceeds therefrom,
      that constitutes an Event of Default with respect to such Borrower (and if
      FE
      has executed and delivered a Guaranty with respect to the obligations of such
      Borrower thereunder, with respect to FE) or would constitute an Event of Default
      with respect to such Borrower (and if FE has executed and delivered a Guaranty
      with respect to the obligations of such Borrower thereunder, with respect to
      FE)
      but for the requirement that notice be given or time elapse or both; and

     

    (C) immediately
      following such Proposed Borrowing, (1) the
      aggregate amount of Outstanding Credits shall not exceed the aggregate amount
      of
      the Commitments then in effect, (2) the Outstanding Credits of any Lender shall
      not exceed the amount of such Lender’s Commitment, (3) the Outstanding Credits
      for the account of any Borrower shall not exceed the Borrower Sublimit for
      such
      Borrower, and (4) the aggregate principal amount of the Swing Line Advances
      outstanding shall not exceed the Swing Line Sublimit.

     

    Very
      truly yours,

    

    [FIRSTENERGY
      CORP.] [FIRSTENERGY SOLUTIONS CORP.] [AMERICAN
      TRANSMISSION SYSTEMS, INCORPORATED] [OHIO EDISON COMPANY] [PENNSYLVANIA POWER
      COMPANY] [THE CLEVELAND ELECTRIC ILLUMINATING COMPANY] [THE TOLEDO EDISON
      COMPANY] [JERSEY CENTRAL POWER & LIGHT COMPANY] [METROPOLITAN EDISON
      COMPANY] [PENNSYLVANIA ELECTRIC COMPANY]

    

    

    

    By                                                                         
      

    Name:

    Title:

    

    

    

      

      
        *
          Delete for initial Extension of Credit.

      

    

    

    
      
        
          

        

        
        

      

      
        D-2

        
          

        

      

      
        
        

        
        

      

    

    

    EXHIBIT
      E

    Form
      of Notice of Swing Line Borrowing

    

    

    

    Citicorp
      USA, Inc., as Administrative Agent

    for
      the Lenders party to the Credit Agreement

    referred
      to below

    

    

    

    ____
      __, 200__

    

    

    

    

    Ladies
      and Gentlemen:

     

    The
      undersigned refers to the Credit Agreement, dated as of June
      14, 2005 (the “Credit Agreement”, the terms defined
      therein being used herein as therein defined), among the undersigned,
      [FirstEnergy Corp.,] [American Transmission Systems, Incorporated,]
      [Pennsylvania Power Company,] [The Cleveland Electric Illuminating Company,]
      [The Toledo Edison Company,] [Jersey Central Power & Light Company,]
      [Metropolitan Edison Company,] [Pennsylvania Electric Company,] the banks party
      thereto, Citicorp USA, Inc. as Administrative Agent for the Lenders thereunder,
      Citicorp USA, Inc. (or one of its Affiliates), as a fronting bank, Barclays
      Bank
      PLC, as a fronting bank, the other fronting banks party thereto from time to
      time and the swing line lenders party thereto from time to time, and hereby
      gives you notice, irrevocably, pursuant to Section 2.03 of the Credit Agreement
      that the undersigned hereby requests a Swing Line Borrowing under the Credit
      Agreement, and in that connection sets forth below the information relating
      to
      such Swing Line Borrowing (the “Proposed Borrowing”)
      as required by Section 2.03(b) of the Credit Agreement:

     

    (i) The
      Business Day of the Proposed Borrowing is
      __________________, ____.

     

    (ii) The
      Type of a Swing Line Advance to be made in
      connection with the Proposed Borrowing is [an Alternate Base Rate Swing Line
      Advance] [a Eurodollar Rate Swing Line Advance] [a Cost of Funds Swing Line
      Advance].

     

    (iii) The
      aggregate amount of the Proposed Borrowing is
      $____________.

     

    [(iv) The
      Interest Period for each [Eurodollar Rate Swing
      Line Advance] [Cost of Funds Swing Line Advance] made as part of the Proposed
      Borrowing is ____ [week[s]][month[s]].]

     

    
      	 	
              (v)

            	
              The
                Borrower
                requesting the Proposed Borrowing is
                _______________.

            

    

     

    The
      undersigned hereby certifies that the following statements are
      true on the date hereof, and will be true on the date of the Proposed
      Borrowing:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (A) the
      representations and warranties of such Borrower
      contained in Section 4.01 [(other than subsections (f) and (g)
      thereof)]*  of the Credit Agreement are correct, before and after giving
      effect to the Proposed Borrowing and to the application of the proceeds
      therefrom, as though made on and as of such date;

     

    (B) no
      event has occurred and is continuing, or would result
      from such Proposed Borrowing or from the application of the proceeds therefrom,
      that constitutes an Event of Default with respect to such Borrower (and if
      FE
      has executed and delivered a Guaranty with respect to the obligations of such
      Borrower thereunder, with respect to FE) or would constitute an Event of Default
      with respect to such Borrower (and if FE has executed and delivered a Guaranty
      with respect to the obligations of such Borrower thereunder, with respect to
      FE)
      but for the requirement that notice be given or time elapse or both; and

     

    (C) immediately
      following such Proposed Borrowing, (1) the
      aggregate amount of Outstanding Credits shall not exceed the aggregate amount
      of
      the Commitments then in effect, (2) the Outstanding Credits of any Lender shall
      not exceed the amount of such Lender’s Commitment, (3) the Outstanding Credits
      for the account of any Borrower shall not exceed the Borrower Sublimit for
      such
      Borrower, and (4) the aggregate principal amount of the Swing Line Advances
      outstanding shall not exceed the Swing Line Sublimit.

     

    Very
      truly yours,

    

    [FIRSTENERGY
      CORP.] [FIRSTENERGY SOLUTIONS CORP.] [AMERICAN
      TRANSMISSION SYSTEMS, INCORPORATED] [OHIO EDISON COMPANY] [PENNSYLVANIA POWER
      COMPANY] [THE CLEVELAND ELECTRIC ILLUMINATING COMPANY] [THE TOLEDO EDISON
      COMPANY] [JERSEY CENTRAL POWER & LIGHT COMPANY] [METROPOLITAN EDISON
      COMPANY] [PENNSYLVANIA ELECTRIC COMPANY]

    

    

    

    By                                                                   
      

    Name:

    Title:

    

    

    

      

      
        *
          Delete for initial Extension of Credit.

      

    

    

    
      
        
        

        
        

      

      
        E-2

        
          

        

      

      
        
        

        
        

      

    

    

    EXHIBIT
      F

    Form
      of Letter of Credit Request

    

    

    

    _____
      __, 200__

    

    

    

    

    Citicorp
      USA, Inc., as Administrative Agent [and as Fronting
      Bank]1 

    Two
      Penns Way

    Suite
      200

    New
      Castle, Delaware 19720

    Attn:_______________________

    

    [___________________,
      as Fronting Bank

    [ADDRESS]]2 

    

    Ladies
      and Gentlemen:

    

    The
      undersigned,
      [FIRSTENERGY CORP., an Ohio corporation] [FIRSTENERGY SOLUTIONS CORP. an Ohio
      corporation], [AMERICAN TRANSMISSION SYSTEMS, INCORPORATED, an Ohio corporation]
      [OHIO EDISON COMPANY, an Ohio corporation] [PENNSYLVANIA POWER COMPANY, a
      Pennsylvania corporation] [THE CLEVELAND ELECTRIC ILLUMINATING COMPANY, an
      Ohio
      corporation] [THE TOLEDO EDISON COMPANY, an Ohio corporation] [JERSEY CENTRAL
      POWER & LIGHT COMPANY, a New Jersey corporation] [METROPOLITAN EDISON
      COMPANY, a Pennsylvania corporation] [PENNSYLVANIA ELECTRIC COMPANY, a
      Pennsylvania corporation], (the “Borrower”), refer to
      that certain Credit Agreement, dated as of June 14, 2005 (the
“Credit Agreement”), among FirstEnergy Corp.,
      FirstEnergy Solutions Corp., American Transmission Systems, Incorporated, Ohio
      Edison Company, Pennsylvania Power Company, the Cleveland Electric Illuminating
      Company, The Toledo Edison Company, Jersey Central Power & Light Company,
      Metropolitan Edison Company, and Pennsylvania Electric Company, the banks party
      thereto, Citicorp USA, Inc. as Administrative Agent for the Lenders thereunder,
      Citicorp USA, Inc. (or one of its Affiliates), as a fronting bank, Barclays
      Bank
      PLC, as a fronting bank, the other fronting banks party thereto from time to
      time and the swing line lenders party thereto from time to time. Capitalized
      terms used herein, and not otherwise defined herein, shall have their respective
      defined meanings as set forth in the Credit Agreement.

    

    Pursuant
      to Section
      2.04(d) of the Credit Agreement, the Borrower irrevocably requests that the
      Fronting Bank to which this Letter of Credit Request is addressed issue a Letter
      of Credit on the following terms:

     

    
      
        

      

    

    1 
Include
      bracketed language if applicable
      Fronting Bank is Citicorp USA, Inc.

    2 
Include
      bracketed language if applicable
      Fronting Bank is not Citicorp USA, Inc.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    1. Date
      of
      Issuance:

    

    2. Expiration
      Date:

    

    3. Stated
      Amount:

    

    4. Beneficiary:

    

    5. Account
      Party:

    

    and
      the terms set forth in the attached application for said
      Letter of Credit.

    

    The
      Borrower hereby
      further certifies that (i) as of the date hereof, (ii) as of the Date of
      Issuance and (iii) after the issuance of the Letter of Credit requested
      hereby:

    

    (A) the
      representations and warranties of such Borrower contained in Section 4.01
      [(other than subsections (f) and (g) thereof)]*  of the Credit Agreement
      are true and correct on and as of the date hereof, before and after giving
      effect to the issuance of such Letter of Credit and to the application of the
      proceeds therefrom, as though made on and as of such dates;

    

    (B) no
      event
      has occurred and is continuing, or would result from the issuance of the Letter
      of Credit requested hereby or from the application of the proceeds therefrom,
      that constitutes an Event of Default with respect to such Borrower (and if
      FE
      has executed and delivered a Guaranty with respect to the obligations of such
      Borrower thereunder, with respect to FE) or would constitute an Event of Default
      with respect to such Borrower (and if FE has executed and delivered a Guaranty
      with respect to the obligations of such Borrower thereunder, with respect to
      FE)
      but for the requirement that notice be given or time elapse or both; and

    

    (C) immediately
      following the issuance of
      such Letter of Credit, (1) the aggregate amount of Outstanding Credits shall
      not
      exceed the aggregate amount of the Commitments then in effect, (2) the
      Outstanding Credits of any Lender shall not exceed the amount of such Lender’s
      Commitment [and] [,] (3) the Stated Amount thereof, when aggregated with (x)
      the
      Stated Amount of each other Letter of Credit that is outstanding or with respect
      to which a Letter of Credit Request has been received and (y) the outstanding
      Reimbursement Obligations, shall not exceed the L/C Commitment Amount [and
      (2)
      the aggregate Stated Amount of all outstanding Letters of Credit issued by
      the
      Fronting Bank will not exceed $500,000,000]* *.

    

    If
      notice of the
      request for the above referenced Letter of Credit has been given by the Borrower
      previously by telephone, then this notice shall be considered a written
      confirmation of such telephone notice as required by Section 2.04(d)
      of the
      Credit Agreement.

     

     

    
      
        

      

    

    *
      Delete for initial Extension of Credit.

    **
      Include if applicable Fronting Bank is CUSA or Barclays.

    
 

    
      
        
        

      

      
        F-2

        
          

        

      

      
        
        

      

    

    

    [FIRSTENERGY
      CORP.] [FIRSTENERGY SOLUTIONS CORP.] [AMERICAN
      TRANSMISSION SYSTEMS, INCORPORATED] [OHIO EDISON COMPANY] [PENNSYLVANIA POWER
      COMPANY] [THE CLEVELAND ELECTRIC ILLUMINATING COMPANY] [THE TOLEDO EDISON
      COMPANY] [JERSEY CENTRAL POWER & LIGHT COMPANY] [METROPOLITAN EDISON
      COMPANY] [PENNSYLVANIA ELECTRIC COMPANY]

    

    

    

    By
      ___________________________

    Name:

    Title:

    

    

      
         

      

    

    
      
        
          
            

          

        

        
        

      

      
        F-3

        
          

        

      

      
        
        

        
        

      

    

    

    EXHIBIT
      G

    Form
      of Opinion of Gary D. Benz, Esq.

    

    

    [LETTERHEAD
      OF FIRSTENERGY CORP.]

     

    June
      14, 2005

     

    

     

    

     

    To
      the Banks party to the within-mentioned 

    Credit
      Agreement, Citicorp USA, Inc., as 

    Administrative
      Agent for the Lenders thereunder, 

    Citicorp
      USA (or one of its Affiliates), as a 

    fronting
      bank, Barclays Bank PLC, as a fronting 

    bank,
      the other fronting banks party thereto and 

    the
      swing line lenders party thereto.

    

    Re: Credit
      Agreement,

     

    dated
      as of June 14, 2005

     

    Ladies
      and Gentlemen:

     

    I
      am Associate General Counsel for FirstEnergy Corp., an Ohio
      corporation (“FE”) and have acted as counsel to FE and
      its subsidiaries, FirstEnergy Solutions Corp., an Ohio corporation
      (“FES”), American Transmission Systems, Incorporated,
      an Ohio corporation (“ATSI”), Ohio Edison Company, an
      Ohio corporation (“OE”), Pennsylvania Power Company, a
      Pennsylvania corporation (“Penn”), The Cleveland
      Electric Illuminating Company, an Ohio corporation
      (“CEI”), The Toledo Edison Company, an Ohio
      corporation (“TE”), Jersey Central Power & Light
      Company, a New Jersey corporation (“JCP&L”),
      Metropolitan Edison Company, a Pennsylvania corporation
      (“Met-Ed”), and Pennsylvania Electric Company, a
      Pennsylvania corporation (“Penelec”, and together with
      FE, FES, ATSI, OE, Penn, CEI, TE, JCP&L and Met-Ed, the
“Borrowers” and each a
“Borrower”) in connection with
      the transactions
      contemplated by the Credit Agreement, dated as of June 14, 2005 (the
“Credit Agreement”), among the Borrowers, the banks
      party thereto, Citicorp USA, Inc., as Administrative Agent for the Lenders
      thereunder, Citicorp USA, Inc. (or one of its Affiliates), as a fronting bank,
      Barclays Bank PLC, as a fronting bank, the other fronting banks party thereto
      and the swing line lenders party thereto. Capitalized terms used herein and
      not
      defined have the meanings assigned to them in the Credit Agreement. This opinion
      is being furnished to you pursuant to Section 3.01(a)(v) of the Credit
      Agreement. The Credit Agreement, the Notes and each Guaranty are sometimes
      referred to in this opinion collectively as the “Loan
      Documents” and each individually as a “Loan
      Document”.

     

    For
      purposes of this opinion, I or persons under my supervision and
      control have reviewed executed originals or copies of executed originals of
      the
      Credit Agreement and the respective forms of the Notes and the Guaranty attached
      thereto. I or persons under my supervision and control have also reviewed
      originals or copies of the Approvals and such corporate records and other
      documents and matters and have made such investigation of fact and law as I
      have
      considered relevant or necessary as a basis for this opinion. In such review,
      I
      have assumed the accuracy and completeness of all agreements, documents,
      records, certificates and other materials submitted to us, the conformity with
      the originals of all such materials submitted to us as copies (whether or not
      certified and including facsimiles), the authenticity of the originals of such
      materials and all materials submitted to us as originals, the genuineness of
      all
      signatures (other than those on behalf of the Borrowers) and the legal capacity
      of all natural persons. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    I
      have also assumed (a) the due organization, valid existence
      and good standing under the laws of its jurisdiction of incorporation of each
      party (other than the Borrowers) to each Loan Document, (b) the corporate or
      other power and due authorization of each Person (other than the Borrowers)
      not
      a natural person to execute, deliver and perform its obligations under each
      Loan
      Document to which it is a party, (c) the due execution and delivery
      of each
      Loan Document by each party thereto (other than the Borrowers), and
      (d) that each Loan Document constitutes the valid and binding obligation
      of
      each party thereto (other than the Borrowers), enforceable against such party
      in
      accordance with its terms. As to various questions of fact relevant to this
      opinion, I have relied, without independent investigation, upon certificates
      of
      public officials, certificates of officers of the Borrowers and representations
      and warranties of the Borrowers contained in the Credit Agreement.

     

    I
      am a member of the Bars of the State of Ohio and the
      Commonwealth of Pennsylvania, and, for purposes of this opinion, I do not hold
      myself out as an expert on the laws of any jurisdiction other than the laws
      of
      the State of Ohio and the Commonwealth of Pennsylvania. Except as set forth
      in
      the next sentence, I express no opinion herein as to the application or effect
      of the laws of any jurisdiction other than the laws of the State of Ohio or
      the
      Commonwealth of Pennsylvania. Insofar as the opinion expressed herein relates
      to
      matters which are governed by (i) the laws of the State of New York or the
      federal laws of the United States, I have relied with your permission on the
      opinion, dated the date hereof, addressed to you of Akin Gump Strauss Hauer
      & Feld LLP, New York, New York, and (ii) the laws of the State of New
      Jersey, I have relied with your permission on the opinion, dated the date
      hereof, addressed to me of Thelen Reid & Priest LLP, Florham Park, New
      Jersey. 

     

    Based
      on the foregoing and such legal considerations as I have deemed
      necessary or advisable to express this opinion, I am of the opinion that: 

     

    Each
      Borrower is a corporation duly incorporated, validly existing
      and in good standing under the laws of the jurisdiction of its incorporation,
      is
      duly qualified to do business as a foreign corporation in and is in good
      standing under the laws of each other state in which the ownership of its
      properties or the conduct of its business makes such qualification necessary,
      except where the failure to be so qualified would not have a material adverse
      effect on its business or financial condition or on its ability to perform
      its
      obligations under the Loan Documents, and has all corporate powers to carry
      on
      its business as now conducted and to maintain and operate its property and
      business.

     

    No
      Governmental Action is or will be required for (a) the due
      execution or delivery by any Borrower of any Loan Document or the performance
      by
      any Borrower of its obligations thereunder or (b) the consummation by any
      Borrower of any transaction contemplated by the Loan Documents, other than
      (1)
      the Approvals, which are in full force and effect as of the date hereof, (2)
      the
      Supplemental Approvals, and (3) such Governmental Action as may be required
      after the date hereof in connection with the performance by the Borrowers of
      the
      general covenants set forth in Sections 5.01(a) and (b) of the Credit Agreement.
      

     

    
      
        
        

      

      
        G-2

        
          

        

      

      
        
        

      

    

    The
      execution and delivery by the Borrowers of the Loan Documents,
      the performance by the Borrowers of their obligations under the Loan Documents,
      the consummation by the Borrowers of the transactions contemplated by any Loan
      Document, and compliance by the Borrowers with the provisions thereof, will
      not
      result in of (a) a breach or violation of, or conflict with, any of the
      provisions of the Organizational Documents of the Borrowers, (b) a breach or
      violation of, or conflict with, any Applicable Law of the State of Ohio, the
      Commonwealth of Pennsylvania or the State of New Jersey, (c) a breach or
      contravention of, or conflict with, any of the provisions of any material
      indenture, mortgage, lease or other agreement or instrument to which any
      Borrower or any Affiliate of such Borrower is a party or by which any of its
      property or the property of its Affiliates is bound, or (d) the creation or
      imposition of any Lien upon any property of any Borrower or any of its
      Affiliates. 

     

    The
      execution, delivery and performance by each Borrower of each of
      the Loan Documents to which it is a party are within its corporate powers,
      have
      been duly authorized by all necessary corporate action on the part of such
      Borrower and did not, do not, and will not require the consent or approval
      of
      such Borrower’s shareholders, or any trustee or holder of any Indebtedness or
      other obligation of it, other than such consents and approvals as have been
      duly
      obtained, given or accomplished.

     

    The
      Credit Agreement has been duly executed and delivered by each
      Borrower and is a valid and binding obligation of each Borrower, enforceable
      against each Borrower in accordance with its terms, subject to and qualified
      by
      the effect of (a) applicable bankruptcy, insolvency, fraudulent transfer and
      conveyance, reorganization, moratorium and similar laws affecting creditors’
      rights and remedies generally; (b) general principles of equity, (regardless
      of
      whether enforcement is sought in a proceeding at law or in equity); (c)
      commercial reasonableness and unconscionability and an implied covenant of
      good
      faith and fair dealing; (d) the power of the courts to award damages in lieu
      of
      equitable remedies; (e) securities laws and public policy underlying such laws
      with respect to rights to indemnification and contribution; and (f)
      unenforceability of any indemnification or other provision on the basis that
      such enforcement would contravene public policy.

     

    Each
      Note, when executed by the applicable Borrower and delivered in
      exchange for value, and each Guaranty, when executed by FirstEnergy and
      delivered in exchange for value, will be a valid and binding obligation of
      such
      Borrower or FirstEnergy, as the case may be, enforceable against such Borrower
      or FirstEnergy, as the case may be, in accordance with its terms, subject to
      and
      qualified by the effect of (a) applicable bankruptcy, insolvency, fraudulent
      transfer and conveyance, reorganization, moratorium and similar laws affecting
      creditors’ rights and remedies generally; (b) general principles of equity,
      (regardless of whether enforcement is sought in a proceeding at law or in
      equity); (c) commercial reasonableness and unconscionability and an implied
      covenant of good faith and fair dealing; (d) the power of the courts to award
      damages in lieu of equitable remedies; (e) securities laws and public policy
      underlying such laws with respect to rights to indemnification and contribution;
      and (f) unenforceability of any indemnification or other provision on the basis
      that such enforcement would contravene public policy.

     

    
      
        
        

      

      
        G-3

        
          

        

      

      
        
        

      

    

    In
      any action or proceeding arising out of or relating to the Notes
      or the Credit Agreement in any court of the State of Ohio, the Commonwealth
      of
      Pennsylvania or the State of New Jersey or in any federal court sitting in
      the
      State of Ohio, the Commonwealth of Pennsylvania or the State of New Jersey,
      such
      court should recognize and give effect to the provisions of the Notes or Section
      8.09 of the Credit Agreement, as the case may be, wherein the parties thereto
      agree that the Notes and the Credit Agreement shall be governed by, and
      construed in accordance with, the laws of the State of New York. Without
      limiting the generality of the foregoing, a court of the State of Ohio, the
      Commonwealth of Pennsylvania or the State of New Jersey or a federal court
      sitting in the State of Ohio, the Commonwealth of Pennsylvania or the State
      of
      New Jersey should apply the usury law of the State of New York, and should
      not
      apply the usury law of the State of Ohio, the Commonwealth of Pennsylvania
      or
      the State of New Jersey, respectively, to the Credit Agreement and the Notes.
      However, if a court were to hold that the Credit Agreement or the Notes are
      governed by, and to be construed in accordance with, the laws of the State
      of
      Ohio, the Commonwealth of Pennsylvania or the State of New Jersey, the Credit
      Agreement and the Notes (when executed and delivered in accordance with the
      terms of the Credit Agreement) would be, under the laws of, as applicable,
      the
      State of Ohio, the Commonwealth of Pennsylvania or the State of New Jersey,
      the
      legal, valid and binding obligations of the Borrowers, enforceable against
      the
      Borrowers in accordance with their respective terms, subject to and qualified
      by
      the effect of (a) applicable bankruptcy, insolvency, fraudulent transfer and
      conveyance, reorganization, moratorium and similar laws affecting creditors’
      rights and remedies generally; (b) general principles of equity, (regardless
      of
      whether enforcement is sought in a proceeding at law or in equity); (c)
      commercial reasonableness and unconscionability and an implied covenant of
      good
      faith and fair dealing; (d) the power of the courts to award damages in lieu
      of
      equitable remedies; (e) securities laws and public policy underlying such laws
      with respect to rights to indemnification and contribution; and (f)
      unenforceability of any indemnification or other provision on the basis that
      such enforcement would contravene public policy.

     

    Except
      as disclosed in any filings made by the Borrowers in
      compliance with the Securities Exchange Act of 1934, as amended, (a) there
      is no
      provision of the Organizational Documents of any Borrower, or any Applicable
      Law
      of the State of Ohio, the Commonwealth of Pennsylvania or the State of New
      Jersey, or any indenture, mortgage, lease or other agreement or instrument,
      in
      each case, that could reasonably be expected to have a material adverse effect
      on such Borrower’s ability to perform its obligations under any Loan Document,
      (b) each Borrower and its Subsidiaries are in compliance with all laws
      (including, without limitation, ERISA and Environmental Laws), regulations
      and
      orders of any Governmental Authority of the State of Ohio, the Commonwealth
      of
      Pennsylvania or the State of New Jersey applicable to it or its property and
      all
      indentures, agreements and other instruments binding upon it or its property,
      except in each case where the failure to be so, individually or in the
      aggregate, has not had and could not reasonably be expected to have a material
      adverse effect on (i) the business, assets, operations or condition (financial
      or otherwise) of such Borrower and its Subsidiaries taken as a whole, or (ii)
      the legality, validity or enforceability of any of the Loan Documents or the
      rights, remedies and benefits available to the parties thereunder or the ability
      of such Borrower to perform its obligations under the Loan Documents, and (c)
      there is no pending or, to the best of my knowledge, threatened action or
      proceeding (including, without limitation, any proceeding relating to or arising
      out of Environmental Laws) affecting any Borrower or any of its Subsidiaries
      before any court, governmental agency or arbitrator, that could reasonably
      be
      expected to have a material adverse effect on the business, condition (financial
      or otherwise) or results of operations of such Borrower and its Subsidiaries,
      taken as a whole, or on the ability of such Borrower to perform its obligations
      under the Credit Agreement or any other Loan Document.

     

     

    
      
        
        

      

      
        G-4

        
          

        

      

      
        
        

      

    

    This
      opinion is limited by, subject to and based on the
      following:

     

    No
      examination has been made of, and no opinion is expressed as to
      the effect of, any zoning ordinance or permit pertaining to the authority of
      the
      Borrowers to operate their properties or conduct their businesses; 

     

    I
      also express no opinion with respect to (i) Section 8.10(a) of the
      Credit Agreement or any similar provision in any of the other Loan Documents,
      to
      the extent such provisions purport to confer subject matter jurisdiction on
      any
      federal court of the United States of America or grant a waiver of the defense
      of inconvenient forum; (ii) Section 8.10(b) of the Credit Agreement or any
      similar provision in any of the other Loan Documents, to the extent such
      provisions relate to the waiver of the right to jury trial in the federal
      courts; (iii) the financial condition or solvency of any Borrower, (iv) the
      financial ability of any Borrower or the ability (financial or otherwise) of
      any
      other Person to meet its obligations under the Credit Agreement or any other
      Loan Document; or (v) the compliance of the Credit Agreement or any other Loan
      Document or the transactions contemplated thereby with, or the effect of any
      of
      the foregoing with respect to, Federal and state securities Laws, rules and
      regulations;

     

    This
      opinion and the matters addressed herein are as of the date
      hereof or such earlier date as is specified herein, and I undertake no, and
      hereby disclaim any, obligation to advise you of any change in any matter set
      forth herein, whether based on a change in the law, a change in any fact
      relating to the Borrowers or any other Person, or any other circumstance
      occurring after the date hereof; 

     

    I
      have assumed that no fraud, dishonesty, forgery, coercion, duress
      or breach of fiduciary duty exists with respect to any of the matters relevant
      to this opinion; and

     

    This
      opinion is limited to the matters expressly set forth herein and
      no opinion is to be implied or may be inferred beyond the matters expressly
      stated herein.

     

    
      
        
        

      

      
        G-5

        
          

        

      

      
        
        

      

    

    This
      opinion is solely for the benefit of the addressees hereof in
      connection with the transactions contemplated by the Credit Agreement and may
      not be relied on by the addressees hereof for any other purpose or furnished
      or
      quoted to or relied on by any other Person for any purpose without my prior
      written consent.

     

    Respectfully
      submitted,

     

    

     

    

     

    Gary
      D. Benz, Esq.

    Associate
      General Counsel

     

    

    

    

    
      
        
          
            

          

        

        
        

      

      
        G-6

        
          

        

      

      
        
        

        
        

      

    

    

    EXHIBIT
      H

    Form
      of Opinion of Akin Gump Strauss Hauer & Feld
      LLP

    

    

    June
      14, 2005

    To
      the Banks party to the within-mentioned 

    Credit
      Agreement, Citicorp USA, Inc., as 

    Administrative
      Agent for the Lenders thereunder, 

    Citicorp
      USA, as a fronting bank, Barclays

    Bank
      PLC, as a fronting bank, the other

    fronting
      banks party thereto and 

    the
      swing line lenders party thereto.

    

    

     

    Ladies
      and Gentlemen:

     

    We
      have acted as special New York counsel to FirstEnergy Corp., an
      Ohio corporation (“FE”) and its subsidiaries,
      FirstEnergy Solutions Corp., an Ohio corporation
      (“FES”), American Transmission Systems, Incorporated,
      an Ohio corporation (“ATSI”), Ohio Edison Company, an
      Ohio corporation (“OE”), Pennsylvania Power Company, a
      Pennsylvania corporation (“Penn”), The Cleveland
      Electric Illuminating Company, an Ohio corporation
      (“CEI”), The Toledo Edison Company, an Ohio
      corporation (“TE”), Jersey Central Power & Light
      Company, a New Jersey corporation (“JCP&L”),
      Metropolitan Edison Company, a Pennsylvania corporation
      (“Met-Ed”), and Pennsylvania Electric Company, a
      Pennsylvania corporation (“Penelec”, and together with
      FE, FES, ATSI, OE, Penn, CEI, TE, JCP&L and Met-Ed, the
“Borrowers” and each a
“Borrower”) in connection with
      the execution and
      delivery of the Credit Agreement, dated as of June 14, 2005 (the
“Credit Agreement”), among the Borrowers, the banks
      party thereto, Citicorp USA, Inc., as Administrative Agent for the Banks
      thereunder, Citicorp USA, Inc., as a fronting bank, Barclays Bank PLC, as a
      fronting bank, the other fronting banks party thereto and the swing line lenders
      party thereto. Capitalized terms used herein and not defined have the meanings
      assigned to them in the Credit Agreement. This opinion is being furnished to
      you
      pursuant to Section 3.01(a)(vi) of the Credit Agreement. The Credit Agreement,
      the Notes and each Guaranty are sometimes referred to in this opinion
      collectively as the “Loan Documents” and each
      individually as a “Loan Document”.

     

    In
      connection with this opinion, we have reviewed executed originals
      or copies of executed originals of the Credit Agreement and the respective
      forms
      of the Notes and the Guaranty attached thereto. We have also reviewed copies
      of
      the Approvals and originals or certified copies of such corporate and company
      records of each Borrower and other certificates and documents of officials
      of
      each Borrower and certain of their affiliates, public officials and others
      as we
      have deemed appropriate for purposes of this opinion, and relied upon them
      to
      the extent we deem appropriate. As to various questions of fact relevant to
      this
      opinion, we have relied, without independent investigation, upon certificates
      of
      public officials, certificates of officers of each Borrower, and representations
      and warranties of each Borrower contained in the Credit Agreement. In addition,
      we have made no inquiry of any Borrower or any other person or entity (including
      governmental authorities), regarding any judgments, orders, decrees, franchises,
      licenses, certificates, permits or other public records or agreements to which
      any Borrower is a party other than those described herein, and our knowledge
      of
      any such matters is accordingly limited. We have assumed the genuineness of
      all
      signatures, the authenticity of all documents submitted to us as originals,
      and
      the conformity to authentic original documents of all copies submitted to us
      as
      conformed, certified or reproduced copies. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    We
      have also assumed (i) the due organization, valid existence
      and good standing under the laws of its jurisdiction of incorporation of each
      party to each Loan Document, (ii) the legal capacity of natural persons,
      (iii) the corporate or other power and due authorization of each Person
      not
      a natural person to execute, deliver and perform its obligations under each
      Loan
      Document to which it is a party, (iv) the due execution and delivery
      of
      each Loan Document by all parties thereto, (v) that each Loan Document
      constitutes the valid and binding obligation of each party thereto (other than
      the Borrowers), enforceable against such party in accordance with its terms,
      (vi) that the execution, delivery and performance by any party to the Loan
      Documents do not, and will not, require the consent or approval of its
      shareholders, or any trustee or holder of any Indebtedness or other obligation
      of it and will not result in (a) a breach or violation of, or conflict with,
      any
      of the provisions of its Organizational Documents or (b) a breach or
      contravention of, or conflict with, any of the provisions of any indenture,
      mortgage, lease or other agreement or instrument to which it is a party or
      (c) a
      breach or violation of, or conflict with, any law (other than any Included
      Law
      (as defined herein)) or any order, rule, regulation or determination of any
      Governmental Authority applicable to it (other than under any Included Law),
      (vii) that all required Governmental Action (other than under any Included
      Law)
      for the execution and delivery by each party to any Loan Document, the
      performance by it of its obligations thereunder or the consummation by it of
      any
      transaction contemplated thereby have been obtained or taken and (viii) that
      the
      Approvals (other than the FE SEC Order, ATSI SEC Order, Penn SEC Order,
      JCP&L SEC Order, Penelec SEC Order and Met-Ed SEC Order (collectively, the
“SEC Order”)) are in full force and effect. 

     

    Based
      upon the foregoing and subject to the assumptions,
      exceptions, qualifications and limitations set forth herein, we are of the
      opinion that: 

     

    No
      Governmental Action is or will be required under any Included Law
      for the due execution and delivery by each Borrower of any Loan Document to
      which it is a party or the performance by it of its obligations thereunder,
      other than (i) the SEC Order, which is in full force and effect as of the date
      hereof, and any FE Supplemental SEC Order, ATSI Supplemental SEC Order, Penn
      Supplemental SEC Order, JCP&L Supplemental SEC Order, Penelec Supplemental
      SEC Order and Met-Ed Supplemental SEC Order, and (ii) such Governmental Action
      as may be required after the date hereof in connection with the performance
      by
      such Borrower of the general covenants set forth in Section 5.01(a) and (b)
      of
      the Credit Agreement. 

     

    The
      execution and delivery by each Borrower of any Loan Document to
      which it is a party, the performance by such Borrower of its obligations under
      any such Loan Document, the consummation by such Borrower of the transactions
      contemplated by any such Loan Document and compliance by such Borrower with
      the
      provisions thereof, will not result in a breach or violation of, or conflict
      with, any Included Law or, to our knowledge, any order, rule or regulation
      of
      any Governmental Authority having jurisdiction over such Borrower under any
      Included Law.

     

    
      
        
        

      

      
        I-2

        
          

        

      

      
        
        

      

    

    The
      Credit Agreement constitutes a valid and binding obligation of
      each Borrower, enforceable against each Borrower in accordance with its
      terms.

     

    Each
      Note, when executed by the applicable Borrower and delivered in
      exchange for value, and each Guaranty, when executed by FE and delivered in
      exchange for value, will constitute a valid and binding obligation of such
      Borrower or FE, as the case may be, enforceable against such Borrower or FE,
      as
      the case may be, in accordance with its terms.

     

    *              *              *

     

    A. We
      express no opinion as to the laws of any jurisdiction
      other than the Included Laws. We have made no special investigation or review
      of
      any published constitutions, treaties, laws, rules or regulations or judicial
      or
      administrative decisions (“Laws”), other than a review
      of (i) the Laws of the State of New York, and (ii) the Federal Laws of the
      United States of America. For purposes of this opinion, the term
“Included Laws” means the items described in clauses
      (i) and (ii) of the preceding sentence that are, in our experience, normally
      applicable to transactions of the type contemplated by the Loan Documents.
      The
      term Included Laws specifically excludes Laws of any counties, cities, towns,
      municipalities and special political subdivisions and any agencies thereof
      and
      Laws relating to land use, zoning and building code issues, taxes, environmental
      issues, intellectual property Laws, antitrust issues and securities law
      issues.

     

    B. When
      used in this opinion, the phrases “known to
      us”, “to our knowledge” and similar
      phrases (i) mean the conscious awareness of facts or other information by (a)
      the lawyer in our firm who signed this letter, (b) any lawyer in our firm
      actively involved in negotiating and preparing the Loan Documents and (c) solely
      as to information relevant to a particular opinion, issue or confirmation
      regarding a particular factual matter, any lawyer in our firm who is primarily
      responsible for providing the response concerning that particular opinion,
      issue
      or confirmation, and (ii) do not require or imply (a) any examination of this
      firm’s, such lawyer’s or any other person’s or entity’s files, (b) that any
      inquiry be made of the client, any lawyer (other than the lawyers described
      above), or any other person or entity, or (c) any review or examination of
      any
      agreements, documents, certificates, instruments or other papers (including,
      but
      not limited to, the exhibits and schedules to the Loan Documents and the various
      papers referred to in or contemplated by the Loan Documents and the respective
      exhibits and schedules thereto) other than the Loan Documents.

     

    C. The
      matters expressed in this opinion are subject to and
      qualified and limited by (i) applicable bankruptcy, insolvency, fraudulent
      transfer and conveyance, reorganization, moratorium and similar laws affecting
      creditors’ rights and remedies generally; (ii) general principles of equity,
      (regardless of whether enforcement is sought in a proceeding at law or in
      equity); (iii) principals of commercial reasonableness and unconscionability
      and
      an implied covenant of good faith and fair dealing; (iv) the power of the courts
      to award damages in lieu of equitable remedies; and (v) securities Laws and
      public policy underlying such Laws with respect to rights to indemnification
      and
      contribution. Although it appears that the requirements of Section 5-1401 of
      the
      New York General Obligations Law have been met, we express no opinion
      on
      whether the choice of law provision in Section 8.09 of the Credit Agreement
      or
      in each Guaranty or Note would raise any issues under the United States
      constitution or in equity that would affect whether courts in New York
      would enforce the choice of New York law to govern the Credit Agreement
      or
      such Guaranty or Note. We have also assumed that the choice of law of the State
      of New York as the governing law of the Credit Agreement and each Guaranty
      and
      Note would not result in a violation of an important public policy of another
      state having greater contacts with the transactions contemplated by the Loan
      Documents than the State of New York

     

    
      
        
        

      

      
        I-3

        
          

        

      

      
        
        

      

    

    D. This
      opinion and the matters addressed herein are as of the
      date hereof or such earlier date as is specified herein, and we undertake no,
      and hereby disclaim any, obligation to advise you of any change in any matter
      set forth herein, whether based on a change in the law, a change in any fact
      relating to any Borrower or any other Person, or any other circumstance
      occurring after the date hereof. This opinion is limited to the matters
      expressly stated herein and no opinions are to be inferred or may be implied
      beyond the opinions expressly set forth herein.

     

    E. We
      have assumed that no fraud, dishonesty, forgery, coercion,
      duress or breach of fiduciary duty exists with respect to any of the matters
      relevant to this opinion.

     

    F. We
      express no opinion as to (i) the compliance of the
      transactions contemplated by the Loan Documents with any regulations or
      governmental requirements applicable to any Person other than the Borrowers;
      (ii) the financial condition or solvency of any Borrower; (iii) the ability
      (financial or otherwise) of any Borrower or any other Person to meet its
      obligations under the Loan Documents; (iv) the compliance of the Loan Documents
      or the transactions contemplated thereby with, or the effect on any of the
      foregoing with respect to, the antifraud provisions of the Federal and state
      securities Laws, rules and regulations; or (v) the conformity of the Loan
      Document to any term sheet or commitment letter.

     

    G. We
      express no opinion with respect to any provisions of the
      Credit Agreement or any Guaranty that purport to grant:

     

    
      	 	
              i.

            	
              a
                “consent to jurisdiction” or “waiver of inconvenient forum” in connection
                with any legal proceedings, insofar as such provisions relate to
                federal
                courts (except as to the personal jurisdiction thereof); and
                

            

    

     

    
      	 	
              ii.

            	
              a
                waiver of trial by jury insofar as such provision is sought to be
                enforced
                in a federal court.

            

    

     

    H. For
      purposes of this letter, the phrase
“transactions of the type contemplated by the Loan
      Documents” and similar phrases mean (i) the issuance of Advances
      and Letters of Credit by the banks party to the Credit Agreement and (ii) the
      performance by the Borrowers of their obligations under the Loan
      Documents.

     

    I. This
      opinion is solely for your benefit, and no other Person
      shall be entitled to rely upon this opinion, except that Gary D. Benz, Esq.
      may
      rely on this opinion, in connection with his opinion to you of even date
      herewith, to the extent it relates to matters that involve the Included Laws,
      with respect to the Loan Documents and the transactions contemplated thereby.
      Without our prior written consent, this opinion may not be quoted in whole
      or in
      part or otherwise referred to in any document and may not be furnished or
      otherwise disclosed to or used by any other Person, except for (i) delivery
      of
      copies hereof to counsel for the addressees hereof and (ii) inclusion of copies
      hereof in a closing file.

     

    
      
        
        

      

      
        I-4

        
          

        

      

      
        
        

      

    

    J. This
      law firm is a registered limited liability partnership
      organized under the laws of the State of Texas.

     

    Very
      truly yours,

     

    

     

    AKIN
      GUMP STRAUSS HAUER & FELD LLP

     

    

    

    

    
      
        
          
            

          

        

        
        

      

      
        I-5

        
          

        

      

      
        
        

        
        

      

    

    

    EXHIBIT
      I

    Form
      of Opinion of

    Special
      New York Counsel to the Administrative
      Agent

    

    

    June
      14, 2005

    

    

    Citicorp
      USA, Inc., as administrative agent, Citicorp USA, Inc.
      (or one of its Affiliates) as a fronting bank, Barclays Bank PLC, as a fronting
      bank, and the other fronting banks, the swing line lenders and the lenders
      party
      to the Credit Agreement defined below

    

    Re: FirstEnergy
      Corp., FirstEnergy Solutions Corp., American Transmission Systems, Incorporated,
      Ohio Edison Company, Pennsylvania Power Company, The Cleveland Electric
      Illuminating Company, The Toledo Edison Company, Jersey Central Power &
      Light Company, Metropolitan Edison Company, and Pennsylvania Electric
      Company

    

    Ladies
      and Gentlemen:

     

    We
      have acted as special New York counsel to Citicorp USA, Inc.,
      individually and as administrative agent (the “Administrative
      Agent”), in connection with the preparation, execution and
      delivery of the Credit Agreement, dated as of June 14, 2005 (the
“Credit Agreement”), among FirstEnergy Corp., an Ohio
      corporation (“FE”),
      FirstEnergy Solutions Corp., an Ohio corporation
      (“FES”), American
      Transmission Systems, Incorporated, an Ohio corporation
      (“ATSI”), Ohio Edison Company, an
      Ohio corporation
      (“OE”), Pennsylvania
      Power Company, a Pennsylvania corporation
      (“Penn”), The Cleveland Electric
      Illuminating Company, an Ohio corporation (“CEI”), The
      Toledo Edison Company, an Ohio corporation (“TE”),
      Jersey Central Power & Light Company, a New Jersey corporation
      (“JCP&L”), Metropolitan Edison Company, a
      Pennsylvania corporation (“Met-Ed”), and Pennsylvania
      Electric Company, a Pennsylvania corporation
      (“Penelec”, and together with FE, FES, ATSI, OE, Penn,
      CEI, TE, JCP&L and Met-Ed, the “Borrowers”),
      Citicorp USA, Inc., as Administrative Agent for the Lenders thereunder, Citicorp
      USA, Inc., as a fronting bank, Barclays Bank PLC, as a fronting bank, the other
      fronting banks party thereto, the swing line lenders party thereto and the
      Banks
      party thereto. Unless otherwise defined herein, terms defined in the Credit
      Agreement are used herein as therein defined. This opinion is being delivered
      pursuant to Section 3.01(a)(vii) of the Credit Agreement.

     

    In
      that connection, we have examined (i) counterparts of the
      Credit Agreement, executed by the Borrowers, the Banks, the Swing Line Lenders,
      the Administrative Agent and the Fronting Banks, (ii) a form of the Notes and
      (iii) the other documents furnished to the Administrative Agent pursuant to
      Section 3.01(a) of the Credit Agreement, including (without limitation) the
      opinions of Gary D. Benz, Esq., counsel to the Borrowers, and Akin Gump Strauss
      Hauer & Feld LLP, special counsel to the Borrowers (such opinions referred
      to hereinafter, collectively, as the
“Borrowers’ Counsel
      Opinions”).

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    In
      our examination of the documents referred to above, we have
      assumed the authenticity of all such documents submitted to us as originals,
      the
      genuineness of all signatures, the due authority of the parties executing such
      documents and the conformity to the originals of all such documents submitted
      to
      us as copies. We have also assumed that each of the Banks, the Swing Line
      Lenders, the Fronting Banks and the Administrative Agent have duly executed
      and
      delivered, with all necessary power and authority (corporate and otherwise),
      the
      Credit Agreement. We have further assumed that you have evaluated, and are
      satisfied with, the creditworthiness of the Borrowers and the business and
      financial terms evidenced by the Loan Documents.

     

    To
      the extent that our opinions expressed below involve
      conclusions as to matters governed by law other than the law of the State of
      New
      York and the Federal law of the United States, we have relied upon the
      Borrowers’ Counsel Opinions and have assumed without independent investigation
      the correctness of the matters set forth therein, our opinions expressed below
      being subject to the assumptions, qualifications and limitations set forth
      in
      the Borrowers’ Counsel Opinions. As to matters of fact, we have relied solely
      upon the documents we have examined. We note that we do not represent the
      Borrowers, and accordingly, are not privy to the nature or character of their
      business. Accordingly, we have assumed that the Borrowers are subject only
      to
      statutes, rules, regulations, judgments, orders and other requirements of law
      generally applicable to corporations doing business in the State of New
      York.

     

    Based
      upon the foregoing, and subject to the qualifications set
      forth below, we are of the opinion that:

     

    (i) The
      Credit Agreement is, and each of the Notes when executed
      and delivered for value received will be, the legal, valid and binding
      obligation of each Borrower enforceable against each Borrower in accordance
      with
      their respective terms.

     

    (ii) While
      we have not independently considered the matters
      covered by the Borrowers’ Counsel Opinions to the extent necessary to enable us
      to express the conclusions stated therein, each of the Borrowers’ Counsel
      Opinions and the other documents furnished to the Administrative Agent pursuant
      to Section 3.01(a) of the Credit Agreement are substantially responsive to
      the
      corresponding requirements set forth in Section 3.01(a) of the Credit
      Agreement pursuant to which the same have been delivered.

     

    Our
      opinions are subject to the following qualifications:

     

    (a) Our
      opinion in paragraph (i) above is subject to the effect
      of any applicable bankruptcy, insolvency, reorganization, fraudulent conveyance,
      moratorium or similar law affecting creditors’ rights generally.

     

    (b) Our
      opinion in paragraph (i) above is subject to the effect
      of general principles of equity, including (without limitation) concepts of
      materiality, reasonableness, good faith and fair dealing (regardless of whether
      considered in a proceeding in equity or at law).

     

    
      
        
        

      

      
        I-2

        
          

        

      

      
        
        

      

    

    (c) We
      note further that, in addition to the application of
      equitable principles described above, courts have imposed an obligation on
      contracting parties to act reasonably and in good faith in the exercise of
      their
      contractual rights and remedies, and may also apply public policy considerations
      in limiting the right of parties seeking to obtain indemnification under
      circumstances where the conduct of such parties in the circumstances in question
      is determined to have constituted negligence.

     

    (d) We
      express no opinion herein as to (i) Section 8.06 of
      the Credit Agreement, (ii) the enforceability of provisions purporting to grant
      to a party conclusive rights of determination, (iii) the availability of
      specific performance or other equitable remedies, (iv) the enforceability of
      rights to indemnity under Federal or state securities laws and (v) the
      enforceability of waivers by parties of their respective rights and remedies
      under law.

     

    (e) Our
      opinion in paragraph (i) is limited to the law of the
      State of New York and the Federal law of the United States, and we do not
      express any opinion herein concerning any other law. Without limiting the
      generality of the foregoing, we express no opinion as to the effect of the
      law
      of any jurisdiction other than the State of New York wherein any Lender may
      be
      located or wherein enforcement of the Credit Agreement or the Notes may be
      sought that limits the rates of interest legally chargeable or
      collectible.

     

    The
      foregoing opinion
      is solely for your benefit and may not be relied upon by any other Person other
      than any Person that may become a Lender under the Credit Agreement after the
      date hereof.

     

    

    Very
      truly yours,

    

    

    

    

    MEO:VGS:gat

    

     

    

    
      
        
        

      

      
        I-3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00086-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00086-of-00352.parquet"}]]