Document:

ex4_3.htm

     

    
      EXHIBIT
4.3

    

    

      

      
         

        
          

          

        

         

        
 

      

      THE
TOLEDO EDISON COMPANY

       

      TO

       

      JPMORGAN
CHASE BANK, N.A.

       

      (formerly
known as THE CHASE MANHATTAN BANK)

       

      Trustee.

       

        
          

        

      

      
                                                                                                                                                     

      

      Fifty-sixth
Supplemental Indenture

      Dated
as of April 23, 2009

       

      
         

        
          

        

        
 

      

      (Supplemental
to Indenture of Mortgage

       

      and
Deed of Trust dated as of April 1, 1947)

       

       

      
        
          
            

          

           

           

           

           

          
            

            

          

         

        

      

      

       

      
        

      

      

      
        
           

        

        
           

          
            

          

        

        
           

          
             

          

        

      

      

       

      Fifty-sixth
Supplemental Indenture, dated as of April 23, 2009, between The Toledo
Edison Company, a corporation organized and existing under the laws of the State
of Ohio (hereinafter called the “Company”),
and JPMorgan Chase Bank, N.A. (formerly known as The Chase Manhattan Bank), a
national banking association (hereinafter called the “Trustee”),
as Trustee.

       

       

      RECITALS

       

      Whereas the Company has
heretofore executed and delivered an Indenture of Mortgage and Deed of Trust
dated as of April 1, 1947 (hereinafter referred to as the “Original
Indenture”) to The Chase National Bank of the City of New York,
predecessor Trustee, to secure an issue of First Mortgage Bonds of the Company,
issuable in series, and created thereunder an initial series of bonds designated
as First Mortgage Bonds, 27⁄8% Series due 1977; and

       

      Whereas
the Company has heretofore executed and delivered to The Chase National Bank of
the City of New York, predecessor Trustee, four Supplemental Indentures
supplementing the Original Indenture dated, respectively, as follows: First,
September 1, 1948, Second, April 1, 1949, Third, December 1, 1950, and Fourth,
March 1, 1954 and has heretofore executed and delivered to The Chase Manhattan
Bank, which on March 31, 1955, became the Trustee under the Original Indenture
by virtue of the merger of The Chase National Bank of the City of New York into
President and Directors of The Manhattan Company under the name of The Chase
Manhattan Bank, the Fifth and the Sixth Supplemental Indentures dated,
respectively, February 1, 1956, and May 1, 1958, supplementing the Original
Indenture; and

       

      Whereas
The Chase Manhattan Bank was converted into a national banking association under
the name The Chase Manhattan Bank (National Association), effective September
23, 1965; and by virtue of said conversion the continuity of the business of The
Chase Manhattan Bank, including its business of acting as corporate trustee, and
its corporate existence, was not affected, so that The Chase Manhattan Bank
(National Association) was vested with all the trusts, powers, discretion,
immunities, privileges and all other matters as were vested in said The Chase
Manhattan Bank under the Indenture (hereinafter defined), with like effect as if
originally named as Trustee therein; and

       

      Whereas
the Company has heretofore executed and delivered to The Chase Manhattan Bank
(National Association) forty-one Supplemental Indentures dated, respectively, as
follows: Seventh, August 1, 1967, Eighth, November 1, 1970, Ninth, August 1,
1972, Tenth, November 1, 1973, Eleventh, July 1, 1974, Twelfth, October 1, 1975,
Thirteenth, June 1, 1976, Fourteenth, October 1, 1978, Fifteenth, September 1,
1979, Sixteenth, September 1, 1980, Seventeenth, October 1, 1980, Eighteenth,
April 1, 1981, Nineteenth, November 1, 1981, Twentieth, June 1, 1982,
Twenty-first, September 1, 1982, Twenty-second, April 1, 1983, Twenty-third,
December 1, 1983, Twenty-fourth, April 1, 1984, Twenty-fifth, October 15, 1984,
Twenty-sixth, October 15, 1984, Twenty-seventh, August 1, 1985, Twenty-eighth,
August 1, 1985, Twenty-ninth, December 1, 

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      1985, Thirtieth,
March 1, 1986, Thirty-first, October 15, 1987, Thirty-second, September 15,
1988, Thirty-third, June 15, 1989, Thirty-fourth, October 15, 1989,
Thirty-fifth, May 15, 1990, Thirty-sixth, March 1, 1991, Thirty-seventh, May 1,
1992, Thirty-eighth, August 1, 1992, Thirty-ninth, October 1, 1992, Fortieth,
January 1, 1993, Forty-first, September 15, 1994, Forty-second, May 1, 1995,
Forty-third, June 1, 1995, Forty-fourth, July 14, 1995, Forty-fifth, July 15,
1995, Forty-sixth, June 15, 1997, and Forty-seventh, August 1, 1997,
supplementing the Original Indenture; and

       

      Whereas
The Chase Manhattan Bank (National Association), Successor Trustee, was merged
on July 1, 1996, with and into Chemical Bank, a New York banking corporation,
which changed its name to The Chase Manhattan Bank, and which became the Trustee
under the Original Indenture by virtue of such merger; and

       

      Whereas
the Company has heretofore executed and delivered to The Chase Manhattan Bank
four Supplemental Indentures dated, respectively, as follows: Forty-eighth, June
1, 1998, Forty-ninth, January 15, 2000, Fiftieth, May 1, 2000, and Fifty-first,
September 1, 2000, supplementing the Original Indenture; and

       

      Whereas The Chase Manhattan Bank
changed its name to JPMorgan Chase Bank on November 10, 2001; and

       

      Whereas
the Company has heretofore executed and delivered to JPMorgan Chase Bank three
Supplemental Indentures dated, respectively, as follows: Fifty-second, October
1, 2002, Fifty-third, April 1, 2003, and Fifty-fourth, September 1, 2004,
supplementing the Original Indenture; and

       

      Whereas
JPMorgan Chase Bank was converted into a national banking association under the
name JPMorgan Chase Bank, N.A., effective November 13, 2004; and by virtue of
said conversion the continuity of the business of JPMorgan Chase Bank, including
its business of acting as corporate trustee, and its corporate existence, was
not affected, so that JPMorgan Chase Bank, N.A. was vested with all the trusts,
powers, discretion, immunities, privileges and all other matters as were vested
in said JPMorgan Chase Bank under the Indenture, with like effect as if
originally named as Trustee therein; and

       

      Whereas
the Company has heretofore executed and delivered to JPMorgan Chase Bank, N.A.
one Supplemental Indenture, dated April 1, 2005, supplementing the Original
Indenture (the Original Indenture, all the aforementioned Supplemental
Indentures, this Fifty-sixth Supplemental Indenture and any other indentures
supplemental to the Original Indenture are herein collectively called the “Indenture”
and this Fifty-sixth Supplemental Indenture is hereinafter called this “Supplemental
Indenture”); and

       

      Whereas
the Company covenanted in and by the Original Indenture to execute and deliver
such further instruments and do such further acts as may be necessary or proper
to carry out more effectually the purposes of the Original Indenture and to
make

       

       

      
        
          
          

        

        
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       subject to the
lien thereof property acquired after the execution and delivery of the Original
Indenture; and

       

      Whereas
the Company desires, pursuant to the provisions of clause (l) of Section 14.01
of Article 14 of the Original Indenture, to amend certain provisions of the
Original Indenture; and

       

      Whereas
bonds of the 1977 Series or of any other series established prior to the
execution of this Supplemental Indenture no longer remain outstanding;
and

       

      Whereas
all conditions and requirements necessary to make this Supplemental Indenture a
valid, legal and binding instrument in accordance with its terms have been done
and performed, and the execution and delivery of this Supplemental Indenture has
been in all respects duly authorized.

       

      Now,
Therefore, This Supplemental Indenture Witnesseth: That The Toledo Edison
Company, the Company herein named, in consideration of the premises and of One
Dollar ($1.00) to it duly paid by the Trustee at or before the ensealing and
delivery of these presents, the receipt whereof is hereby acknowledged, does
hereby covenant and agree to and with the Trustee and its successors in the
trust under the Indenture, for the benefit of those who shall hold the bonds to
be issued thereunder, as therein provided, as follows:

       

       

      ARTICLE
I

       

       

      Modification of
Original Indenture

       

      Section
1.01. Section 1. The
Original Indenture is hereby amended by substituting  “the applicable
reciprocal factor” for all references to “one hundred sixty-six and two-thirds
per centum (1662⁄3%)” and all separate references to “1662⁄3%” and by substituting
“the applicable bonding ratio” for all references to “sixty per centum (60%)” in
the following sections 1.05, 3.04, 3.06, 4.16, 8.03 and 8.11.

       

      Section
1.02. The Company’s
signature block to the General Form of Coupon Bond of the Original
Indenture is hereby amended and restated in its entirety to read as follows: “In
Witness Whereof, The Toledo Edison Company has caused this bond to be signed in
its name by its President or a Vice-President and coupons bearing the facsimile
signature of its Treasurer to be annexed hereto, all as of __________,
___.”

       

      Section
1.03. The Company’s
signature block to the General Form of Fully Registered Bond of the
Original Indenture is hereby amended and restated in its entirety to read as
follows: “In Witness Whereof, The Toledo Edison Company has caused this bond to
be signed in its name by its President or a Vice-President.”

       

      Section
1.04. The last sentence of
Section 1.01 of Article 1 of the Original Indenture is hereby amended and
restated in its entirety to read as follows: “Any term 

       

       

      
        
          
          

        

        
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      defined in Section
303 of the Trust Indenture Act of 1939 and not otherwise defined in this
Indenture shall have the meaning, as of any time, assigned to such term in such
Section 303 as in force at such time.”

       

      Section
1.05. The second sentence
of Section 1.02(a) of Article 1 of the Original Indenture is hereby amended and
restated in its entirety to read as follows:  “The term “corporation”
shall also include voluntary associations, joint stock companies, companies
(including limited liability companies), business trusts, partnerships and other
similar entities.”

       

      Section
1.06. Section 1.02(f) of
Article 1 of the Original Indenture is hereby amended by substituting “The Bank
of New York Mellon Trust Company, N.A.” for “The Chase National Bank of the City
of New York”.

       

      Section
1.07. Section 1.02(i) of
Article 1 of the Original Indenture is hereby amended by adding the following to
the end of the last sentence thereof: “, including, for all purposes of this
instrument and any such supplemental indenture, the provisions of the Trust
Indenture Act of 1939, that are deemed to be a part of and govern this
instrument and any such supplemental indenture, respectively”.

       

      Section
1.08.  Section
1.02(n) of Article 1 of the Original Indenture is hereby amended and restated in
its entirety to read as follows:

       

      “The term “Trust
Indenture Act of 1939” shall mean, as of any time, the Trust Indenture Act of
1939, or any successor statute, as in force at such time.”

       

      Section
1.09. Section 1.03(b) of
Article 1 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “(b) The term
“authorized newspaper”, when used in connection with the name of a particular
city, shall mean a newspaper or financial journal (i) customarily published on
each business day, whether or not such newspaper is published on Saturdays,
Sundays and legal holidays, (ii) printed in the English language and (iii) of
general circulation in the city in connection with which the term is used; or,
in the alternative, shall mean such form of communication as may have come into
general use for the dissemination of information of similar import, as evidenced
by a certificate of the Company delivered to the Trustee.

       

      Whenever successive
publications in an authorized newspaper are required by any provision of this
Indenture, such successive publications may be made in the same or in different
authorized newspapers.

       

      In case by reason of
the temporary or permanent suspension of publication of any newspaper, or by
reason of any other cause, it shall be impossible for the Company or the
Trustee, as the case may be, to make publication of 

       

       

      
        
          
          

        

        
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      any notice required
hereby in an authorized newspaper or authorized newspapers as herein provided,
then such publication in lieu thereof as the Trustee, or the Company with the
approval of the Trustee, shall make, shall constitute a sufficient publication
of such notice.  Such publication shall, so far as may be, approximate
the terms and conditions of the publication in lieu of which it is
given.”

       

      Section
1.10. Section 1.03(c) of
Article 1 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “The terms “Board”,
“Board of Directors” and “Directors” shall each mean (a) the Board of Directors
of the Company, (b) any duly authorized committee of that Board or (c) any
officer of the Company duly authorized by that Board or any authorized committee
thereof to take a specified action.  Reference, without more, to
action by the Directors shall mean action by any of (x) the Directors of the
Company as a Board of Directors, (y) any duly authorized committee of that Board
or (z) by any officer of the Company duly authorized to take such action by that
Board or by a duly authorized committee thereof.”

       

      Section
1.11. Section 1.03(d) of
Article 1 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “The term “certified
resolution” shall mean a copy of a resolution or resolutions certified by the
Secretary or an Assistant Secretary of the Company to have been duly adopted by
the Board of Directors at a meeting thereof duly convened and held and at which
a quorum was present and acted thereon, and to be in full force and effect on
the date of such certification.”

       

      Section
1.12. The third paragraph
of Section 1.03(e) of Article 1 of the Original Indenture is hereby amended and
restated in its entirety to read as follows:

       

      “The same officer or
officers of the Company, or the same engineer or counsel or other person, as the
case may be, need not certify to, or cover by an opinion,  all the
matters required to be certified, or covered by an opinion, under the provisions
of any Article, Section, subdivision or other portion hereof, and any such
matter so required to be certified, or covered by an opinion, need not be
certified, or covered by an opinion, in only one document but (i) any such
person may certify or give an opinion as to any matters in one or several
documents and (ii) different officers, engineers, counsel or other persons may
certify or cover by an opinion, different matters, respectively.”

       

      Section
1.13. Section 1.03(e) of
Article 1 of the Original Indenture is hereby amended by adding the following
paragraph after the fourth paragraph thereof:

       

       

      
        
          
          

        

        
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      “Whenever,
subsequent to the receipt by the Trustee of any certified resolution,
certificate of the Company, opinion or certificate of an engineer or accountant,
net earnings certificate, opinion of counsel or other document or instrument, a
clerical, typographical or other inadvertent or unintentional error or omission
shall be discovered therein, a new document or instrument may be substituted
therefor in corrected form with the same force and effect as if originally filed
in the corrected form and, irrespective of the date or dates of the actual
execution or delivery thereof, such substitute document or instrument shall be
deemed to have been executed or delivered as of the date or dates required with
respect to the document or instrument for which it is substituted. Anything in
this Indenture to the contrary notwithstanding, if any such corrective document
or instrument indicates that action has been taken by or at the request of the
Company which could have been taken only if the original document or instrument
had contained such error or omission, the action so taken shall not be
invalidated or otherwise rendered ineffective but shall be and remain in full
force and effect, except to the extent that such action was a result of willful
misconduct or bad faith. Without limiting the generality of the foregoing, any
bonds issued under the authority of such defective document or instrument shall
nevertheless be the valid obligations of the Company entitled to the benefit of
the lien of this Indenture equally and ratably with all other outstanding bonds,
except as aforesaid.”

       

      Section
1.14. Section 1.03(f) of
Article 1 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “The term “opinion
of counsel” shall mean a written opinion given by counsel selected by the
Company, who may be counsel for the Company, approved by the Trustee in the
exercise of reasonable care; and which shall, in so far as it relates to
conditions precedent provided for in this Indenture (including any covenants
compliance with which constitutes a condition precedent) which relate to
authentication and delivery of bonds hereunder, to the release or release and
substitution of property subject to the lien of this Indenture, to the
satisfaction and discharge of this Indenture, or to any other action to be taken
by the Trustee at the request or on the application of the Company, as the case
may be, include in addition to the statements, if any, required by any other
applicable provision of this Indenture, the statements required by paragraph (i) of this § 1.03 to be included in a
certificate or opinion furnished to the Trustee.  Any opinion of
counsel may (i) be based, in so far as it relates to factual matters with
respect to which information is in the possession of the Company, upon a
certificate or opinion of, or representations by, an officer or officers of the
Company, unless such counsel knows that the certificate or opinion or
representations with respect to the matters upon which his opinion may be based
as aforesaid are erroneous, or, in the exercise of reasonable care, should have
known that the same were 

       

       

      
        
          
          

        

        
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      erroneous and (ii)
contain such exceptions to opinions as are customarily expressed in opinions of
counsel rendered in connection with similar transactions at the time such
opinion of counsel is to be delivered and, in any event, may include exceptions
based upon limitations imposed by (a) bankruptcy, insolvency, fraudulent
transfer and conveyance, reorganization, moratorium or other laws relating to or
affecting mortgagees’ and other creditors’ rights and remedies generally,
(b) general principles of equity, including principles of commercial
reasonableness, good faith and fair dealing (regardless of whether such
enforceability is considered in a proceeding at law or in equity) and (c) laws affecting
creation, attachment, perfection or priority of, or remedies for the enforcement
of, security interests (subject, in the case of clause (c), to an opinion in
customary form being expressed as to the instrument(s) creating such security
interests in any event containing adequate provisions for the practical
realization of the rights and benefits afforded thereby). Further, any opinion of
counsel with respect to the status of title to or the sufficiency of
descriptions of property, and/or the existence of liens thereon, or the
recording or filing of documents, or any similar matters, may be based (without
further examination or investigation) upon (i) title insurance policies or
commitments and reports, lien search results, reports or certificates and other
similar documents, (ii) certificates of, or representations by, officers,
employees, agents or other representatives of the Company, (iii) prior opinions
of counsel, including in-house counsel, for the Company or any of its
subsidiaries, or (iv) any combination of the documents referred to in (i), (ii)
and (iii), unless, in any case, such counsel has actual knowledge that the
document or documents with respect to the matters upon which his opinion may be
based as aforesaid are erroneous.”

       

      Section
1.15. Section 1.03(k) of
Article 1 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “The terms
“responsible officer” and “responsible officers” of the Trustee as used in §9.02, §9.15 and §13.03 shall mean an officer
of the Trustee having direct responsibility for the administration of this
Indenture, and also, with respect to a particular matter, any other officer to
whom such matter is referred because of such officer’s knowledge of and
familiarity with the particular subject.”

       

      Section
1.16. The first sentence
of Section 1.06(A) of Article 1 of the Original Indenture is hereby amended by
substituting “eighteen (18) calendar months” for “fifteen (15) calendar months”
in said section.

       

      Section
1.17. Section 1.06(A)(2)
of Article 1 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “(2)           The
aggregate of the operating expenses of such business, including therein (a)
administration expenses other than those charged to 

       

       

      
        
          
          

        

        
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      capital account or
surplus, (b) taxes, other than income, profits and other taxes measured by or
dependent on net income for the determination of liability in respect of which
the amount payable by way of interest is a deductible item, (c) assessments,
rentals, license charges and insurance, (d) expenses for current repairs and
maintenance, and (e) provision for reserves for renewals, replacements,
depreciation, depletion or retirement of property (which provision, together
with the amount of (d) above shall aggregate not less than the Standard of
Expenditure, as defined in §4.10, for such period but only if
at the time of such computation §4.10 shall be operable in
accordance with the express terms of any bonds then outstanding); but excluding
therefrom any expenses or provisions for interest on any indebtedness or for any
sinking or similar fund for the retirement of any indebtedness or provisions for
the amortization of debt discount and expense or of any discount or premium on
retirement of preferred stock;”

       

      Section
1.18. Article 1 of the
Original Indenture is hereby amended by adding the following to the end
thereof:

       

      “Section
1.09.  The term “applicable bonding ratio”, when used with respect to
any certification of net property additions pursuant to §3.04 or calculation pursuant
to §4.16(A), the
penultimate paragraph of §4.16 or §8.03, shall mean (i) if such
certification or calculation is being effected prior to the bonding ratio change
date, sixty per centum (60%) or (ii) otherwise, seventy-five per centum
(75%).  The term “applicable reciprocal factor”, when used with
respect to any principal amount of bonds used in any calculation pursuant to
§1.05, §4.16(A) or §8.11(1)(b) or any deduction
with respect to prior lien bonds pursuant to §1.05, §3.06(3)(E) or §8.11(1)(a), shall mean (i)
if such calculation or deduction is being effected prior to the bonding ratio
change date, one hundred sixty-six and two-thirds per centum (166 2/3%) or (ii)
otherwise, one hundred thirty-three and one-third per centum (133
1/3%).  The term “bonding ratio change date” shall mean April 23,
2009.

       

      Section
1.10.  For avoidance of doubt, the terms “the date of this Indenture”
and “the date of the execution of this Indenture” shall mean April 1,
1947.

       

      Section
1.11.    The term “excluded bonds” means bonds of the
following series in the following respective aggregate principal
amounts:

       

      
        
          
            
              
                	
                        Series

                      	
                        Aggregate Principal
  Amount

                      
	
                        First Mortgage
      Bonds, 7 1/2% Series due 2002

                      	
                        $    30,000,000.00

                      
	
                        First Mortgage
      Bonds, 9 7/8%/Convertible Rate Series B due 2022

                      	
                        $    10,100,000.00

                      

                 

                 

                 

                
                  
                    
                    

                  

                  
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                        First Mortgage
      Bonds, Convertible Rate Series A due 2023

                      	
                        $    30,500,000.00

                      
	
                        First Mortgage
      Bonds, Convertible Rate Series C due 2023

                      	
                        $    31,600,000.00

                      
	
                        First Mortgage
      Bonds, Convertible Rate Series D due 2023

                      	
                        $      5,700,000.00

                      
	
                        First Mortgage
      Bonds, Convertible Rate Series E due 2023

                      	
                        $    18,800,000.00

                      
	
                        First Mortgage
      Bonds, 8% Series A due 2019

                      	
                        $    33,200,000.00

                      
	
                        First Mortgage
      Bonds, 8% Series B due 2019

                      	
                        $    34,100,000.00

                      
	
                        First Mortgage
      Bonds, Collateral Series due 2026

                      	
                        $      3,500,000.00

                      
	
                        First Mortgage
      Bonds, Collateral Series due 2026

                      	
                        $      7,000,000.00

                      
	
                        First Mortgage
      Bonds, Collateral Series due 2026

                      	
                        $      5,000,000.00

                      
	
                        First Mortgage
      Bonds, Collateral Series due 2026

                      	
                        $      5,000,000.00

                      
	
                        First Mortgage
      Bonds, Collateral Series due 2027

                      	
                        $    15,000,000.00

                      
	
                        First Mortgage
      Bonds, Collateral Series due 2027

                      	
                        $         100,000.00

                      
	
                        First Mortgage
      Bonds, Collateral Series due 2027

                      	
                        $    16,500,000.00

                      
	
                        First Mortgage
      Bonds, Collateral Series due 2027

                      	
                        $    17,000,000.00

                      
	
                        First Mortgage
      Bonds, Collateral Series due 2027

                      	
                        $    15,000,000.00

                      
	
                        First Mortgage
      Bonds, Collateral Series due 2027

                      	
                        $         38,400,000

                      
	
                        First Mortgage
      Bonds, Collateral Series due 2027

                      	
                        $           5,000,000

                      
	
                        First Mortgage
      Bonds, Collateral Series due 2027

                      	
                        $           3,000,000

                      
	
                        First Mortgage
      Bonds, Convertible Series due 2011

                      	
                        $         31,250,000

                      
	
                        First Mortgage
      Bonds, 6 7/8% Series F due 2023

                      	
                        $         20,200,000

                      
	
                        First Mortgage
      Bonds, 7 5/8% Series due 2020

                      	
                        $         45,000,000

                      
	
                        First Mortgage
      Bonds, Pledge Series A & B of 2000 due 2024

                      	
                        $         67,300,000

                      
	
                        First Mortgage
      Bonds, Pledge Series A of 2005 due 2035

                      	
                        $         45,000,000

                      

              

            

          

        

      

      

       

      Section
1.12.  The term “place of payment”, when used with respect to the
bonds of any series, means the place or places, specified as 

       

       

      
        
          
          

        

        
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      contemplated by
§2.02, at which,
subject to §4.04,
principal of and premium, if any, and interest, if any, on the bonds of such
series are payable upon 

      presentation.

        

      Section
1.13.  The term “business day” when used with respect to a place of
payment or any other particular location specified in any bonds or this
Indenture, means any day, other than a Saturday or Sunday, which is not a day on
which banking institutions or trust companies in such place of payment or other
location are generally authorized or required by law, regulation or executive
order to remain closed, except as may be otherwise specified as contemplated by
§2.02.

       

      Section
1.14.  (a)  The term “global bond” means a bond that
evidences all or part of the bonds of any series and bears the legend required
by §2.13 (or such legend as may
be specified as contemplated by §2.02 for such bonds) and has
been issued to the depository or its nominee and registered in the name of such
depository or nominee.

       

      (b)           The
term “depository” means, with respect to any bonds of any series issuable or
issued in whole or in part in the form of one or more global bonds, the clearing
agency registered under the Securities Exchange Act of 1934 and any other
applicable statute or regulation specified for that purpose with respect to such
bonds as contemplated by §2.02.

       

      (c)           The
term “applicable procedures” of a depository means, with respect to any matter
at any time, the policies and procedures of such depository, if any, that are
applicable to such matter at such time.

       

      (d)           The
term “generally accepted accounting principles” means, at any time, (i)
generally accepted accounting principles set forth in the opinions and
pronouncements of the Accounting Principles Board of the American Institute of
Certified Public Accountants and statements and pronouncements of the Financial
Accounting Standards Board or in such other statements by such other entity as
have been approved by a significant segment of the accounting profession in the
United States or (ii) if at such time the Company is required to prepare its
financial statements for reports filed with the Securities and Exchange
Commission under Section 13 or 15(d) of the Securities Exchange Act of 1934
pursuant to standards other than those specified in clause (i) (which may include
International Financial Reporting Standards), such other standards, in each case
which are in effect at such time.

       

      Section
1.15.  For all purposes of this Indenture, except as otherwise
expressly provided or unless the context otherwise requires:

       

       

      
        
          
          

        

        
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      (a)           the
terms defined in this Article have the meanings assigned to them in this
Article and include the plural as well as the singular;

       

      (b)           all
terms used herein (and which are not specifically defined herein) which are
defined in the Trust Indenture Act of 1939 or by rule of the Securities and
Exchange Commission (or successor authority) under the Trust Indenture Act of
1939, either directly or by reference therein, have the meanings assigned to
them therein;

       

      (c)           all
terms used herein (and which are not specifically defined herein) which are
defined in the Uniform Commercial Code (as in effect in the relevant
jurisdiction) have the meanings assigned to them therein;

       

      (d)           the
word “or” is not exclusive;

       

      (e)           all
accounting terms not otherwise defined herein have the meanings assigned to them
in accordance with generally accepted accounting principles; and

       

      (f)           all
references in this instrument to designated Articles, sections and other
subdivisions are to the designated Articles, sections and other subdivisions of
this Indenture.”

       

      Section
1.19. Section 2.02(3) of
Article 2 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “(3)       the
date or dates of issue, date or dates of maturity, place or places of payment,
rate of interest (or the manner of calculating such rate of interest) and
interest payment dates of the bonds of each series issued hereunder from time to
time and the terms and conditions, if any, of the purchase and/or redemption
and/or convertibility thereof and/or of provisions in regard to the
establishment and application of any sinking, amortization, improvement or other
fund for the benefit of the holders of the bonds of such series or of one or
more other series and/or such other terms and provisions of the bonds of such
series as shall be not inconsistent with this Indenture, in each case shall be
as fixed and determined in said resolution and provided in the bonds when
issued.”

       

      Section
1.20. The first sentence
of Section 2.09 of Article 2 of the Original Indenture is hereby amended and
restated in its entirety to read as follows: “All bonds issued hereunder shall,
from time to time, be executed on behalf of the Company by its President or one
of its Vice-Presidents and its corporate seal may (but shall not be required to)
be thereunto affixed or a facsimile thereof reproduced thereon and attested by
its Secretary or one of its Assistant Secretaries.”

       

       

      
        
          
          

        

        
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      Section
1.21. Article 2 of the
Original Indenture is hereby amended by adding the following to the end
thereof:

       

      “Section
2.13.  Unless otherwise specified as contemplated by §2.02 for the bonds evidenced
thereby, every global bond authenticated and delivered hereunder shall bear a
legend in substantially the following form:

       

      THIS BOND IS A
GLOBAL BOND WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. THIS BOND MAY NOT
BE EXCHANGED IN WHOLE OR IN PART FOR A BOND REGISTERED, AND NO TRANSFER OF THIS
BOND IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN
SUCH DEPOSITORY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES
DESCRIBED IN THE INDENTURE.

       

      Unless otherwise
specified as contemplated by §2.02 for the bonds of any
series, the provisions of Clauses (1), (2), (3), (4), (5) and (6) below shall
apply only to global bonds:

       

                            (1)           Each
global bond authenticated under this Indenture shall be registered in the name
of the depository designated for such global bond or a nominee thereof and
delivered to such depository or a nominee thereof or custodian therefor, and
each such global bond shall constitute a single bond for all purposes of this
Indenture.

       

      (2)           Notwithstanding
any other provision in this Indenture, and subject to such applicable
provisions, if any, as may be specified as contemplated by §2.02, no global bond may be
exchanged in whole or in part for bonds registered, and no transfer of a global
bond in whole or in part may be registered, in the name of any person other than
the depository for such global bond or a nominee thereof unless (A) such
depository has notified the Company that it (i) is unwilling or unable to
continue as depository for such global bond or (ii) has ceased to be a clearing
agency registered under the Securities Exchange Act of 1934 or (B) subject to
the procedures of the depository, the Company has executed and delivered to the
Trustee a written order of the Company stating that such global bond shall be
exchanged in whole for bonds that are not global bonds (in which case such
exchange shall be effected by the Trustee promptly after (i) the Company has
provided to the Trustee duly executed definitive bonds for such purpose and (ii)
the depository has provided to the Trustee appropriate registration
instructions, and the Trustee shall not be liable for any delay in the issuance
of definitive bonds resulting from any delay in the provision to it of such
definitive bonds or instructions as aforesaid). If the Company receives a notice
of the kind specified in 

       

      
        
          
          

        

        
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      Clause (A) above, the Company
may, in its sole discretion, designate a successor depository for such global
bond within sixty (60) days after receiving such notice. If the Company
designates a successor depository as aforesaid, such global bond shall promptly
be exchanged in whole for one or more other global bonds registered in the name
of the successor depository or its nominee, whereupon such designated successor
shall be the depository for such successor global bond or global bonds and the
provisions of Clauses (1),
(2), (3), (4), (5) and (6) of this §2.13 shall continue to apply
thereto.

       

      (3)           Subject
to Clause (2) above, any exchange of a global bond for other bonds may be made
in whole or in part, and all bonds issued in exchange for a global bond or any
portion thereof shall be registered in such names as the depository for such
global bond shall direct.

       

      (4)           Every
bond authenticated and delivered upon registration of transfer of, or in
exchange for or in lieu of, a global bond or any portion thereof, whether
pursuant to this section, §2.05, §2.10, or §2.11 or otherwise, shall be
authenticated and delivered in the form of, and shall be, a global bond, unless
such bond is registered in the name of a person other than the depository for
such global bond or a nominee thereof.

       

      (5)           Neither
the Company, the Trustee nor any agent of the Company or the Trustee shall have
any responsibility or liability for any aspect of the records relating to or
payments made on account of beneficial ownership interests of a global bond, or
for maintaining, supervising or reviewing any records relating to such
beneficial ownership interests.

       

      (6)           Members
of, or participants in, the depository (“participants”) shall have no rights
under this Indenture with respect to any global bond held on their behalf by the
depository, or the Trustee as its custodian, or under such global bond, and the
depository may be treated by the Company, the Trustee and any agent of the
Company or the Trustee as the absolute owner of such global bond for all
purposes whatsoever.  Notwithstanding the foregoing, nothing herein
shall prevent the Company, the Trustee or any agent of the Company or the
Trustee from giving effect to any written certification, proxy or other
authorization furnished by the depository or impair, as between the depository
and participants, the operation of customary practices governing the exercise of
the rights of a holder of any bond.”

       

      Section
1.22. Section 3.06(7)(d)
of Article 3 of the Original Indenture is hereby amended and restated in its
entirety to read as follows: “that (i) (except as to paving, grading and other
improvements to, under or upon highways, bridges, parks or other 

      
         

         

        
          
          

        

        
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      public property of
analogous character) this Indenture is, or upon the delivery of, or the filing
or recording in the proper places and manner of, the instruments of conveyance,
assignment or transfer, if any, specified in said opinion will be, a lien on all
the property additions certified pursuant to Clause (B) of subdivision (3) above which
are still owned and have not been retired by the Company, and are to be made the
basis of the authentication and delivery of the bonds to be applied for; and
(ii) such property additions are, to the knowledge of such counsel, subject to
no mortgage or other consensual lien thereon prior to the lien of this
Indenture, except (1) prior liens or prepaid liens (if any) described in the
accompanying engineer’s certificate, or which, if in existence, would not
materially impair the use of such property additions as an entirety in the
operation of the business of the Company and (2) permitted
encumbrances;”

       

      Section
1.23. The first clause of
Section 3.07 of Article 3 of the Original Indenture is hereby amended and
restated in its entirety to read as follows: “The Trustee shall from time to
time upon the written request of the Company authenticate and deliver bonds
hereunder of an aggregate principal amount equal to the aggregate principal
amount of any bonds (except for excluded bonds or as otherwise provided in this
Section) theretofore authenticated and delivered under this Indenture that shall
have been paid, retired, redeemed or cancelled or surrendered to the Trustee for
cancellation, or for the payment, retirement or redemption of which moneys in
the necessary amount shall have been deposited with, or shall then be held by,
the Trustee (with irrevocable direction and authorization satisfactory to the
Trustee so to apply the same, and, as regards bonds to be redeemed, either with
proof satisfactory to the Trustee that notice of redemption has been duly given
or with irrevocable authorization to the Trustee to give such notice of
redemption), but only after the Trustee shall have received:”

       

      Section
1.24. Section 3.07(2) of
Article 3 of the Original Indenture is hereby amended and restated by adding the
following language “, that none of such bonds constitute excluded bonds,” after
the reference to “or the taking of a credit under subdivision (3) of §4.10”.

       

      Section
1.25. The first paragraph
of Section 4.04 of Article 4 of the Original Indenture is hereby amended and
restated in its entirety to read as follows:

       

      “That it will keep a
financial office or agency in each place of payment for bonds of any series,
where notices, presentations and demands to or upon the Company in respect of
the bonds of such series or their coupons or this Indenture may be given or
made, and will keep at said office or agency, books for the registration and
transfer of bonds of such series issued hereunder, which books, at all
reasonable times, shall be open for inspection by the Trustee, and will also
keep an office or agency in each place of payment for bonds of any series, for
the payment of the principal of and interest on the bonds of such series issued
hereunder and an office or agency in the City of Toledo, Ohio, for the payment
of interest on coupon bonds of the 1977 Series upon presentation of the
respective coupons therefor.  The Company will from time to time give
the Trustee written notice of the location of each such office or agency, and in
case the

       

       

      
        
          
          

        

        
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      Company shall fail
to maintain any such office or agency or to give the Trustee written notice of
the location thereof, any such notice, presentation or demand in respect of the
bonds or coupons or this Indenture may be given or made, unless other provision
is expressly made herein, to or upon the Trustee at its office in the Borough of
Manhattan, The City of New York, the City of Cleveland, State of Ohio, or the
City of Akron, State of Ohio, and the Company hereby authorizes such
presentation and demand to be made to and such notice to be served on the
Trustee in such event, and the principal of and interest on the bonds shall in
such event be payable at said office of the Trustee.”

       

      Section
1.26. Section 4.04 of
Article 4 of the Original Indenture is hereby amended by adding the following
paragraph to the end thereof:

       

      “With respect to any
global bond, and except as otherwise may be specified for such global bond as
contemplated by §2.02,
the corporate trust office of the Trustee in the Borough of Manhattan, The City
of New York, the City of Cleveland, State of Ohio, or the City of Akron, State
of Ohio shall be the place of payment where such global bond may be presented or
surrendered for payment or for registration of transfer or exchange, or where
successor bonds may be delivered in exchange therefor, provided, however, that any such
payment, presentation, surrender or delivery effected pursuant to the applicable
procedures of the depository for such global bond shall be deemed to have been
effected at the place of payment for such global bond in accordance with the
provisions of this Indenture.”

       

      Section
1.27. The first paragraph
of Section 4.07 of Article 4 of the Original Indenture is hereby amended and
restated in its entirety to read as follows:

       

      “That, subject to
the provisions of Article
12 hereof and of this Section, it will at all times maintain its
existence as a corporation (as defined in §1.02(a)) and right to carry
on business and that its business will be continuously carried on and conducted
in an efficient manner; that it will in good faith use its best efforts to
preserve, maintain and renew all the rights, privileges and franchises
pertaining to the electric business to it granted and upon it conferred and it
will at all times maintain, preserve and keep, or cause to be maintained,
preserved, and kept, the mortgaged property with the appurtenances thereto and
every part and parcel thereof, in thorough repair, working order and condition,
and from time to time make all needful and proper repairs and renewals, so that
the properties mortgaged or intended to be mortgaged hereunder shall at all
times be maintained as an operating system or systems in good repair, working
order and condition, and so that at all times the value of the security for the
bonds issued hereunder and the efficiency of the mortgaged plants and properties
shall be fully preserved and maintained.”

       

       

      
        
          
          

        

        
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      Section
1.28. Section 4.08 of
Article 4 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “That, whenever
necessary to avoid or fill a vacancy in the office of the Trustee, the Company
will appoint a Trustee in the manner provided in §13.18, so that there shall
at all times be a Trustee hereunder which shall at all times be a bank or trust
company having its principal office and place of business in the United States,
if there be such a bank or trust company willing and able to accept the trust
upon reasonable or customary terms, and which shall at all times be a
corporation (as defined in §1.02(a)) organized and doing
business under the laws of the United States or of any State or Territory or of
the District of Columbia, with a combined capital and surplus of at least
$5,000,000, and authorized under such laws to exercise corporate trust powers
and subject to supervision or examination by Federal, State, Territorial or
District of Columbia authority.”

       

      Section
1.29. Section 4.16(B) of
Article 4 of the Original Indenture is hereby amended by substituting “eighteen
(18) calendar months” for “fifteen (15) calendar months” in said
section.

       

      Section
1.30. Section 5.03 of
Article 5 of the Original Indenture is hereby amended to add the following
paragraph after the first paragraph thereof: “With respect to any notice of
redemption of bonds at the election of the Company, such notice may state that
such redemption shall be conditional upon the receipt by the Trustee, on or
prior to the date fixed for such redemption, of money sufficient to pay the
principal of and premium, if any, and interest, if any, on such bonds and that
if such money shall not have been so received such notice shall be of no force
or effect and the Company shall not be required to redeem such
bonds.  In the event that such notice of redemption contains such a
condition and such money is not so received, the redemption shall not be made
and within a reasonable time thereafter notice shall be given, in the manner in
which the notice of redemption was given, that such money was not so received
and such redemption was not required to be made.”

       

      Section
1.31. The third paragraph
of Section 5.03 of Article 5 of the Original Indenture is hereby amended and
restated in its entirety to read as follows: “In case the Company shall have
elected to redeem the outstanding bonds of any series in whole or in part, it
shall, in each such instance, at least ten (10) days before the date upon which
the first publication or the mailing of notice of redemption is required to be
made, notify the Trustee in writing of such election and of the aggregate
principal amount of bonds of such series to be redeemed. In the case of any
redemption of outstanding bonds of any series (a) prior to the expiration of any
restriction on such redemption provided in the terms of such bonds or elsewhere
in this Indenture, or (b) pursuant to an election of the Company which is
subject to a condition specified in the terms of such bonds or elsewhere in this
Indenture, the Company shall furnish the Trustee with a certificate of the
Company evidencing compliance with such restriction or condition.”

       

       

      
        
          
          

        

        
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      Section
1.32. The first sentence
of the second to last paragraph of Section 5.03 of Article 5 of the Original
Indenture is hereby amended and restated in its entirety to read as follows:
“Notice having been given as aforesaid, and the conditions, if any, set forth in
such notice having been satisfied, the bonds (or the specified portion of fully
registered bonds) so to be redeemed shall on the date designated in such notice
become due and payable at the redemption price so specified (including interest
accrued to the date fixed for redemption); and from and after the date so
designated for redemption (unless the Company shall make default in the deposit
with the Trustee of moneys sufficient to redeem such bonds or unless such
redemption shall be conditional upon the receipt by the Trustee of money
sufficient to pay the principal of and premium, if any, and interest, if any, on
such bonds and such money shall not have been so received by the Trustee)
interest on the bonds so designated for redemption (or in the case of partial
redemption of a fully registered bond, on the portion thereof to be redeemed)
shall cease to accrue, and the coupons for interest maturing subsequent to such
date shall be void, and upon surrender at the principal office of the Trustee,
in accordance with said notice, of any bond specified therein, together with all
coupons thereto appertaining maturing after the date fixed for redemption, such
bond (or the portion thereof to be redeemed) shall be paid by the Company at the
redemption price aforesaid, including accrued interest to the date fixed for
redemption.”

       

      Section
1.33. The last paragraph
of Section 5.03 of Article 5 of the Original Indenture is hereby amended and
restated in its entirety to read as follows: “Subject to any condition specified
in the terms of such bonds or elsewhere in this Indenture, the Company shall
deposit in trust with the Trustee, prior to the date designated for redemption,
an amount of money sufficient to pay the redemption price of all the bonds which
the Company has elected to redeem on such date, including accrued interest, and
premium, if any.”

       

      Section
1.34. Section 5.04(2) of
Article 5 of the Original Indenture is hereby amended by deleting the reference
to “under its corporate seal”.

       

      Section
1.35. Section 6.02(a) of
Article 6 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “(a)           The
Trustee shall preserve, in as current a form as is reasonably practicable, all
information as to the names and addresses of the holders of bonds outstanding
under this Indenture (1) contained in the most recent list furnished to it as
provided in §6.01,
(2) received by it in the capacity of paying agent hereunder, if and when
acting in such capacity, and (3) filed with it within two preceding years for
the purposes of this sentence.  The Trustee may (1) destroy any list
furnished to it as provided in §6.01 upon receipt of a new
list so furnished; (2) destroy any information received by it as paying agent
for any series of bonds upon delivering to itself as Trustee, not earlier than
forty-five (45) days after an interest payment date of the bonds of such series,
a list containing the names and addresses of the holders of bonds of such series
obtained from such information since the delivery of the next previous list, if
any, with respect 

       

       

      
        
          
          

        

        
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      to such series; (3)
destroy any list delivered to itself as Trustee which was compiled from
information received by it as such paying agent upon the receipt of a new list
so delivered with respect to the same series; and (4) destroy any information
received by it pursuant to
clause (3) of the preceding sentence, but not until two years after such
information has been filed with it.”

       

      Section
1.36. Section 6.03 of
Article 6 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “Annually, not later
than sixty (60) days after November 15 in each year commencing with the first
November 15 following the first issuance of bonds, if required by
Section 313(a) of the Trust Indenture Act of 1939, or any successor
section of such act, the Trustee shall transmit to the bondholders and the
Securities and Exchange Commission a report with respect to any events described
in Section 313(a) of the Trust Indenture Act of 1939, or any successor
section of such Act, in such manner and to the extent required by the Trust
Indenture Act of 1939.  From time to time:

       

      (i)  the Trustee shall transmit to
the bondholders and the Securities and Exchange Commission;

      

      (ii)  the Company shall file with the
Trustee (within 15 days after the filing with the Securities and Exchange
Commission in the case of reports which pursuant to the Trust Indenture Act of
1939 must be filed with the Securities and Exchange Commission and furnished to
the Trustee); and

      

      (iii)  the Company shall file with
the Securities and Exchange Commission and transmit to the
bondholders

      

      in each case, such
other information, reports and other documents, if any, at such times and in
such manner, as shall be required by the Trust Indenture Act of
1939.

      

       A copy of each
report required to be transmitted to the bondholders pursuant to
Section 313 of the Trust Indenture Act of 1939 shall, at the time of such
transmission to the bondholders, be furnished to the Company and be filed by the
Trustee with each stock exchange, if any, upon which the bonds of any series are
listed and also with the Securities and Exchange Commission.  The
Company agrees to notify the Trustee when and as the bonds of such series become
admitted to trading on any national securities exchange.  Delivery by
the Company of such reports, information and documents to the Trustee is for
information purposes only and the Trustee’s receipt of such shall not constitute
notice or constructive notice of any information contained therein, including
the Company’s 

       

       

      
        
          
          

        

        
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      compliance with any
of its covenants hereunder (as to which the Trustee is entitled to rely
exclusively on certificates of the Company).”

       

      Section
1.37. Section 6.04 of
Article 6 of the Original Indenture is hereby deleted in its
entirety.

       

      Section
1.38. Section 8.03(E) of
Article 8 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “(E)           Any
and all obligations and cash in an amount equal to the money stated in said
engineer’s certificate to be consideration for the property so to be released;
provided, however, that if the property
to be released shall be subject to any prior lien, the cash or obligations
otherwise deliverable to the Trustee in accordance with the provisions of this
Section in respect of the release of such property shall, to the extent required
by reason of the existence of such prior lien, as shall be stated in the opinion
of counsel referred to in sub-paragraph (G) below, be
paid or delivered to the trustee or other holder of such prior lien, and, in
such event, there shall be delivered to the Trustee hereunder, in lieu of such
cash or obligations, a certificate or receipt of such trustee or other holder
that such cash or obligations have been paid or delivered to it or them,
together with an instrument, in form satisfactory to the Trustee, assigning such
cash or obligations to the Trustee subject to such prior lien; provided further
that, in lieu of delivery to the Trustee of all or any portion of the cash
required to be delivered to the Trustee pursuant to this §8.03(E) and which is not
subject to the preceding proviso, the Company may, at its election treat such
amount as a deemed withdrawal of trust moneys in a like amount in accordance
with the second paragraph of §8.11 in satisfaction of such
obligation;”

       

      Section
1.39. The paragraph
immediately following Section 8.11(4) of Article 8 of the Original Indenture is
hereby amended and restated in its entirety to read as follows:

       

      “At the written
election of the Company delivered to the Trustee, any amount of moneys that
could be withdrawn by the Company pursuant to subdivision (1) or (2) of
this Section may, in lieu of the actual delivery thereof to the Company, be
deemed withdrawn, in satisfaction of the Company’s obligation to deliver cash in
a like amount pursuant to clause (E) of §8.03.  Any
reference to “withdrawal of trust moneys” or “withdrawal of cash” in the second,
third and fourth succeeding paragraphs of this Section or in §3.07(2) or elsewhere in this
Indenture shall be deemed to include any deemed withdrawal effected pursuant to
the preceding sentence.

       

      Trust moneys shall
from time to time be paid to the Company (or, pursuant to an election by the
Company pursuant to the preceding paragraph, deemed withdrawn in satisfaction of
the Company’s obligation to deliver

       

       

      
        
          
          

        

        
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       funds pursuant
to §8.03(E) in a like
amount (without any actual deliveries of funds to or by the Trustee)) or used or
applied by the Trustee as aforesaid upon receipt by the Trustee of the written
request of the Company, a certificate of the Company and an opinion of counsel
as to compliance with conditions precedent.”

       

      Section
1.40. Section 9.01(e) of
Article 9 of the Original Indenture is hereby amended by substituting
“thirty-three per centum (33%)” for “ten per centum (10%)” in said
section.

       

      Section
1.41. The last two
paragraphs of Section 9.01 of Article 9 of the Original Indenture are hereby
amended by substituting “thirty-three per centum (33%)” for “twenty-five per
centum (25%)” in said sections.

       

      Section
1.42. Section 9.02 of
Article 9 of the Original Indenture is hereby amended by substituting “§17.03(c)” for “subsection (c) of §6.04”.

       

      Section
1.43. Section 9.20 of
Article 9 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “Anything elsewhere
in this Indenture to the contrary notwithstanding, the holders of a majority in
aggregate principal amount of the bonds then outstanding (including, if more
than one series of bonds be at the time outstanding, a majority in aggregate
principal amount of the bonds of each such series) may, by written instrument or
instruments, signed by such bondholders and delivered to the Trustee and to the
Company, waive any past default hereunder and its consequences, except a default
in the payment of the principal of, premium, if any, or interest on any of the
bonds as and when the same shall become due by the terms of such bonds and upon
such waiver such default shall be deemed not to exist for any purpose of this
Indenture.”

       

      Section
1.44. Section 10.01 of
Article 10 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “(a) Any request,
notice, declaration, demand, authorization, direction, consent, election, waiver
or other action, which this Indenture may require or permit to be made, given or
taken by bondholders may be embodied in and evidenced by one or more instruments
of substantially similar tenor signed and executed by the bondholders, may be in
any number of concurrent instruments of similar tenor, and may be signed or
executed by such bondholders in person or by attorney or agent appointed in
writing or, alternatively, may be embodied in and evidenced by the record of
bondholders voting in favor thereof, either in person or by proxies duly
appointed in writing, at any meeting of bondholders duly called and held in
accordance with the provisions of Article 15, or a combination
of such instruments and any such record.  Except as herein otherwise
expressly 

       

       

      
        
          
          

        

        
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      provided, such
action shall become effective when such instrument or instruments or record or
both are delivered to the Trustee and, where it is hereby expressly required, to
the Company.  Such instrument or instruments and any such record (and
the action embodied therein and evidenced thereby) are herein sometimes referred
to as the “act” or “action” of the bondholders signing such instrument or
instruments and so voting at any such meeting.  Proof of the execution
of any such instrument, or of a writing appointing any such attorney or agent,
or of the holding by any person of the bonds or coupons appertaining thereto,
may be accepted by the Company or by the Trustee, as sufficient for any purpose
of this Indenture and (subject to §13.03) conclusive in favor
of the Trustee and the Company, if made in the manner specified in this §10.01 or in any other manner
satisfactory to the Trustee and the Company.

       

      (b)        The
fact and date of the execution by any person of such request or other instrument
or writing may be proved by the certificate of any notary public, or other
officer authorized to take acknowledgments of deeds to be recorded in the
jurisdiction wherein he purports to act, that the person signing such request or
other instrument acknowledged to him the execution thereof, or by an affidavit
of a witness of such execution or may be proved in any other manner which the
Trustee and the Company deem sufficient.  Where such execution is by a
signer acting in a capacity other than his or her individual capacity, such
certificate or affidavit shall also constitute sufficient proof of his or her
authority.

       

      (c)        The
amount of bonds transferable by delivery held by any person executing such
request or other instrument as a bondholder, and the series and serial numbers
thereof and the date of his holding the same, may be proven by a certificate
executed by any trust company, bank, banker or other depositary wherever
situated, if such certificate shall be deemed by the Trustee to be satisfactory,
showing that at the date therein mentioned such person had on deposit with such
depositary, the bonds described in such certificate, and such holding may be
deemed by the Trustee and the Company to continue until written notice to the
contrary is served upon the Trustee.  The Company and the Trustee may
nevertheless in their separate discretion require further proof in cases where
they deem further proof desirable.  The ownership of registered bonds
(whether fully registered, or registered as to principal only) shall be proved
by the registry books.

       

      (d)        The
record of any meeting of bondholders shall be proved in the manner provided in
§15.08.

       

      (e)        Without
limiting the generality of this section, unless otherwise provided in or
pursuant to this Indenture, (i) a bondholder, including a depository or its
nominee that is a holder of a global bond, may give, make or take, by an agent
or agents duly appointed in writing, any request, demand, authorization,
direction, notice, consent, election, waiver or other 

       

       

      
        
          
          

        

        
          21

          
            

          

        

        
          
          

        

      

       

       

      action provided in
or pursuant to this Indenture to be given, made or taken by bondholders, and a
depository or its nominee that is a holder of a global bond 

      may duly appoint in
writing as its agent or agents members of, or participants in, such depository
holding interests in such global bond in the records of such 

      depository; and (ii)
with respect to any global bond the depository for which is The Depository Trust
Company (“DTC”), any consent or other action given, made 

      or taken by an
“agent member” of DTC by electronic means in accordance with the Automated
Tender Offer Procedures system or other applicable procedures 

      of, and pursuant to
authorization by, DTC shall be deemed to constitute the “act” of the holder of
such global bond (or the applicable portion thereof), and such 

      act shall be deemed
to have been delivered to the Company and the Trustee upon the delivery by DTC
of an “agent’s message” or other notice of such 

      consent or other
action having been so given, made or taken in accordance with the applicable
procedures of DTC.

       

      Any request, notice,
consent, vote, demand, authorization, direction, election, waiver or other act
of the holder of any bond shall bind all future holders of the same bond or any
bond or bonds issued upon the registration of transfer thereof, or in exchange
therefor, or in lieu thereof, in respect of anything done, omitted or suffered
by the Company or by the Trustee in pursuance thereof or in reliance thereon,
whether or not notation of such action is made upon such bond.

       

      Until such time as
written instruments shall have been delivered to the Trustee with respect to the
requisite percentage of principal amount of bonds for the action contemplated by
such instruments, any such instrument executed and delivered by or on behalf of
the bondholder may be revoked with respect to any or all of such bonds by
written notice by such bondholder or any subsequent bondholder, proven in the
manner in which such instrument was proven.

       

      Bonds of any series
authenticated and delivered after any act of bondholders may, and shall if
required by the Trustee, bear a notation in form approved by the Trustee as to
any action taken by such act of bondholders.  If the Company shall so
determine, new bonds of any series so modified as to conform, in the opinion of
the Trustee and the Company, to such action may be prepared and executed by the
Company and authenticated and delivered by the Trustee in exchange for
outstanding bonds of such series.

       

      The Company may set
any day as a record date for the purpose of determining the bondholders of
outstanding bonds of any series entitled to give, make or take any request,
demand, authorization, direction, notice, consent, election, waiver or other
action provided or permitted by this Indenture to be given, made or taken by
bondholders of bonds of such series; provided, however, that the
Company may not set a record date for, 

       

       

       

      
        
          
          

        

        
          22

          
            

          

        

        
          
          

        

      

       

       

      and the provisions
of this paragraph shall not apply with respect to, the giving, making or taking
of any notice, declaration, request or direction referred to in the next
paragraph. If any record date is set pursuant to this paragraph, the bondholders
of outstanding bonds of the relevant series on such record date, and no other
bondholders, shall be entitled to give, make or take the relevant action,
whether or not such bondholders remain bondholders after such record date; provided, however, that no
such action shall be effective hereunder unless given, made or taken on or prior
to the applicable expiration date by bondholders of the requisite aggregate
principal amount of outstanding bonds of such series on such record date.
Nothing in this paragraph shall be construed to prevent the Company from setting
a new record date for any action for which a record date has previously been set
pursuant to this paragraph (whereupon the record date previously set shall
automatically and with no action by any person be cancelled and of no effect),
and nothing in this paragraph shall be construed to render ineffective any
action given, made or taken by bondholders of the requisite aggregate principal
amount of outstanding bonds of the relevant series on the date such action is
given, made or taken. Promptly after any record date is set pursuant to this
paragraph, the Company, at its own expense, shall cause notice of such record
date, the proposed action by bondholders and the applicable expiration date to
be given to the Trustee in writing and to each bondholder of bonds of the
relevant series in the manner set forth in §17.03.

       

      The Trustee may set
any day as a record date for the purpose of determining the bondholders of
outstanding bonds of any series entitled to join in the giving, making or taking
of (i) any notice of a default as defined in §9.01, (ii)  any
notice of declaration of acceleration referred to in §9.01, if a default as
defined in §9.01 has
occurred and is continuing and the Trustee shall not have given such notice of
declaration of acceleration to the Company, (iii) any annulment, waiver or
rescission referred to in §9.01 (iv) any request to
institute proceedings referred to in §9.16(2) or (v) any direction
referred to in §9.15,
in each case with respect to bonds of such series. If any record date is set
pursuant to this paragraph, the bondholders of outstanding bonds of such series
on such record date, and no other bondholders, shall be entitled to give, make
or take such notice, declaration, request or direction, whether or not such
bondholders remain bondholders after such record date; provided, however, that no
such action shall be effective hereunder unless given, made or taken on or prior
to the applicable expiration date by bondholders of such series of the requisite
aggregate principal amount of outstanding bonds on such record date. Nothing in
this paragraph shall be construed to prevent the Trustee from setting a new
record date for any action for which a record date has previously been set
pursuant to this paragraph (whereupon the record date previously set shall
automatically and with no action by any person be cancelled and of no effect),
and nothing in this paragraph shall be 

       

       

       

      
        
          
          

        

        
          23

          
            

          

        

        
          
          

        

      

       

      construed to render
ineffective any action given, made or taken by bondholders of the requisite
aggregate principal amount of outstanding bonds of the relevant series on the
date such action is given, made or taken. Promptly after any record date is set
pursuant to this paragraph, the Trustee, at the Company’s expense, shall cause
notice of such record date, the proposed action by bondholders and the
applicable expiration date to be given to the Company in writing and to each
bondholder of bonds of the relevant series in the manner set forth in §17.03.

       

      With respect to any
record date set pursuant to this section, the party hereto which sets such
record date may designate any day as the “expiration date” and from time to time
may change the expiration date to any earlier or later day; provided, however, that no
such change shall be effective unless notice of the proposed new expiration date
is given to the other party hereto in writing, and to each bondholder of bonds
of the relevant series in the manner set forth in §17.03, on or prior to the
existing expiration date. If an expiration date is not designated with respect
to any record date set pursuant to this section, the party hereto which set such
record date shall be deemed to have initially designated the 180th day after
such record date as the expiration date with respect thereto, subject to its
right to change the expiration date to an earlier day as provided in this
paragraph.  Notwithstanding the foregoing, no expiration date shall be
later than the 180th day after the applicable record date.

       

      Without limiting the
foregoing, a bondholder entitled hereunder to give, make or take any action
hereunder with regard to any particular bond may do so, or duly appoint in
writing any person or persons as its agent or agents to do so, with regard to
all or any part of the principal amount of such bond.”

       

      Section
1.45. Section 12.05 of
Article 12 of the Original Indenture is hereby amended by deleting “under its
corporate seal attested by its Secretary or an Assistant
Secretary.”

       

      Section
1.46. Section 13.06 of
Article 13 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “To the extent
permitted by §13.02 and
§13.03:

       

      (1)           The
Trustee may rely and shall be protected in acting upon any resolution,
certificate, opinion, notice, request, consent, order, appraisal, report, bond,
or other paper or document believed by it to be genuine and to have been signed
or presented by the proper party or parties;

       

      (2)           The
Trustee may consult with counsel, who may be of counsel to the Company, and the
opinion of such counsel shall be full and complete authorization and protection
in respect of any action taken or suffered by it 

       

       

      
        
          
          

        

        
          24

          
            

          

        

        
          
          

        

      

       

      hereunder in good
faith and in accordance with the opinion of such counsel;

       

      (3)           The
Trustee shall not be liable for any action taken by it in good faith and
believed by it to be authorized or within the discretion or power conferred upon
it by this Indenture;

       

      (4)           In
no event shall the Trustee be liable for special, indirect or consequential loss
or damage of any kind whatsoever (including but not limited to lost profits)
even if the Trustee has been advised of the likelihood of such loss or damage
and regardless of the form of action; and

       

      (5)           In
no event shall the Trustee be responsible or liable for any failure or delay in
the performance of its obligations hereunder arising out of or caused by,
directly or indirectly, forces beyond its control, including, without limitation
strikes, work stoppages, accidents, acts of war or terrorism, civil or military
disturbances, nuclear or natural catastrophes or acts of God, and interruptions,
loss or malfunctions of utilities, communications or computer (software and
hardware) services; it being understood that the Trustee shall use reasonable
efforts which are consistent with accepted practices in the banking industry to
resume performance as soon as practicable under the circumstances.”

       

      Section
1.47. Section 13.14(b) of
Article 13 of the Original Indenture is hereby amended by substituting “§17.03(c)” for “subsection (c) of §6.04 with respect to reports
pursuant to subsection
(a) of §6.04”.

       

      Section
1.48. Section 13.14(d)(1)
of Article 13 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “(1) the Trustee is
trustee under another indenture under which any other securities, or
certificates of interest or participation in any other securities, of the
Company, are outstanding, unless such other indenture is a collateral trust
indenture under which the only collateral consists of bonds issued under this
Indenture; provided
that there shall be excluded from the operation of this paragraph any indenture
or indentures under which other securities, or certificates of interest or
participation in other securities, of the Company are outstanding, if the
Company shall have sustained the burden of proving, on application to the
Securities and Exchange Commission and after opportunity for hearing thereon,
that the trusteeship under this Indenture and such other indenture is not so
likely to involve a material conflict of interest as to make it necessary in the
public interest or for the protection of investors to disqualify the Trustee
from acting as such under one of such indentures; and further provided that there shall
also be excluded from the operation of this paragraph the indenture between the
Company and The Bank of New York Mellon Trust Company, N.A. (formerly known as
The Bank of New York Trust Company, N.A.), Trustee, dated as of November 1,
2006, as amended by a supplemental indenture between the Company and The Bank of
New York Mellon Trust 

       

       

      
        
          
          

        

        
          25

          
            

          

        

        
          
          

        

      

       

      Company, N.A.
(formerly known as The Bank of New York Trust Company, N.A.), Trustee, dated as
of April 24, 2009;”

       

      Section
1.49. Section 13.15(b)(2)
of Article 13 of the Original Indenture is hereby amended by substituting “§17.03(c)” for “subsections (a), (b) and
(c) of §6.04”.

       

      Section
1.50. The last paragraph
of Section 13.15 of Article 13 of the Original Indenture is hereby amended and
restated in its entirety to read as follows:

       

      “As used in this
§13.15, the term
“security” shall have the meaning assigned to such terms in the Securities Act
of 1933, as amended and in force on any date of determination; the term “cash
transaction” shall mean any transaction in which full payment for goods or
securities sold is made within seven (7) days after delivery of the goods or
securities in currency or in checks or other orders drawn upon banks or bankers
and payable upon demand; and the term “self-liquidating paper” shall mean any
draft, bill of exchange, acceptance or obligation which is made, drawn,
negotiated or incurred by the Company for the purpose of financing the purchase,
processing, manufacture, shipment, storage or sale of goods, wares or
merchandise and which is secured by documents evidencing title to, possession
of, or a lien upon, the goods, wares or merchandise or the receivables or
proceeds arising from the sale of the goods, wares or merchandise previously
constituting the security, provided the security is
received by the Trustee simultaneously with the creation of the creditor
relationship with the Company arising from the making, drawing, negotiating or
incurring of the draft, bill of exchange, acceptance or obligation; the term
“Trustee” shall include the Trustee and any separate trustee or co-trustee
appointed pursuant to §13.19 hereof; and the term
“the Company” shall include any obligor upon the bonds.”

       

      Section
1.51. The second paragraph
of Section 13.17 of Article 13 of the Original Indenture is hereby amended by
deleting “with its corporate seal attested by a Secretary or an Assistant
Secretary of the Company.”

       

      Section
1.52. Section 13.19(4) of
Article 13 of the Original Indenture is hereby amended by substituting “§6.03” for “§6.04”.

       

      Section
1.53. The first sentence
of Section 13.21 of Article 13 of the Original Indenture is hereby amended and
restated in its entirety to read as follows: “Any corporation into which the
Trustee may be merged or with which it may be consolidated or any corporation
resulting from any merger or consolidation to which the Trustee shall be a party
or any corporation to which substantially all the corporate trust business and
assets of the Trustee may be transferred, shall be the successor trustee under
this Indenture, without the execution or filing of any paper or the performance
of any further act on the part of any other parties hereto, anything herein to
the contrary notwithstanding, provided such corporation
shall be eligible under the provisions of §4.08 and §13.01, and that, if such
corporation shall not be qualified under the provisions of 

       

       

      
        
          
          

        

        
          26

          
            

          

        

        
          
          

        

      

       

      §13.14, such corporation
shall, within ninety (90) days after becoming such successor trustee, either
become qualified under the provisions of said §13.14 or resign in the
manner and with the effect provided in said §13.14.”

       

      Section
1.54. Section 13.22 of
Article 13 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “The duties,
liabilities, rights, privileges and immunities of the Trustee in relation to the
holders of the bonds and under this Indenture shall be governed exclusively by
the laws of the State of New York.”

       

      Section
1.55. Section 14.01(l) of
Article 14 of the Original Indenture is hereby amended by replacing the period
at the end of the section with a semicolon.

       

      Section
1.56. Section 14.01 of
Article 14 of the Original Indenture is hereby amended by adding the following
to the end thereof:

       

      “(m)         To
evidence and provide for the acceptance of appointment hereunder by a successor
Trustee or by a co-trustee or separate trustee; or

       

      (n)           To
provide, for the procedures required to permit the Company to utilize, at its
option, a non-certificated system of registration for all, or any series of, the
bonds.”

       

      Section
1.57. The first sentence
of Section 14.03 of Article 14 of the Original Indenture is hereby amended by
adding the following to the end thereof: “In each and every case provided for in
this Article, the Trustee shall be entitled to exercise its discretion in
determining whether or not any proposed supplemental indenture, or any term or
provision therein contained, is proper or desirable, having in view the purposes
of such instrument, the needs of the Company, and the rights and interests of
the bondholders and the Trustee, and the Trustee shall be under no
responsibility or liability to the Company or to any bondholder or to anyone
whomsoever, for any act or thing which it may do or decline to do in good faith
and without negligence, subject to the provisions of this Article, in the
exercise of such discretion.”

       

      Section
1.58. Article 14 of the
Original Indenture is hereby amended by adding the following to the end
thereof:

       

      “Section
14.05.  It shall not be necessary for any act or action of bondholders
taken by bondholders pursuant to Article 15 to approve the
particular form of any proposed supplemental indenture, but it shall be
sufficient if such act or action shall approve the substance
thereof.  A consent to any supplemental indenture by or on behalf of
any holder of the bonds given in connection with a purchase of, or tender or
exchange offer for, such holder’s bonds will not be rendered invalid by such
purchase, tender or exchange.”

       

       

      
        
          
          

        

        
          27

          
            

          

        

        
          
          

        

      

       

      Section
1.59. The third sentence
of Section 15.01 of Article 15 of the Original Indenture is hereby amended and
restated in its entirety to read as follows: “Every such meeting shall be held
in the Borough of Manhattan, The City of New York, the City of Cleveland, State
of Ohio, or the City of Akron, State of Ohio.”

       

      Section
1.60. Section 15.04 of
Article 15 of the Original Indenture is hereby amended by substituting “a
majority” for “at least seventy-five per centum (75%)” in said
section.

       

      Section
1.61. Section 15.06 of
Article 15 of the Original Indenture is hereby amended by substituting “a
majority” for all references to “at least seventy-five per centum (75%)” in said
section.

       

      Section
1.62. Section 15.10 of
Article 15 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “Any action which
can be taken pursuant to a bondholders’ meeting as in this Article 15 provided may also
be taken without such meeting, provided that the written
consent of the holders (or the persons entitled to vote the same) of the
percentages of bonds specified in this Article 15 to such action is
given (which consents may include consents obtained in connection with a
purchase of, or an exchange offer or tender offer for, bonds) and that the
approval of the Board of Directors of the Company, and, if required by this
Article 15, the written
consent of the Trustee, is given as provided by this Article 15.”

       

      Section
1.63. Section 16.02 of
Article 16 of the Original Indenture is hereby amended by substituting “two (2)
years” for “six years” in said section.

       

      Section
1.64. Section 17.03 of
Article 17 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “(a)           Any
request, demand, authorization, direction, notice, consent, election, waiver or
act of Holders or other document provided or permitted by this Indenture to be
made, given or furnished to, or filed with, the Trustee by any bondholder or by
the Company, or the Company by the Trustee or by any bondholder, shall be
sufficient for every purpose hereunder (unless otherwise expressly provided
herein) if the same shall be in writing and delivered personally to an officer
or other responsible employee of the addressee, or transmitted by telecopy or
other direct written electronic means acceptable to the Trustee, or transmitted
by registered or certified mail or reputable overnight courier, charges prepaid
to the applicable address set under such party’s name below or to such other
address as either party hereto may, from time to time designate:

       

      If to the Trustee,
to:

       

       

      
        
          
          

        

        
          28

          
            

          

        

        
          
          

        

      

      

      The
Bank of New York Mellon Trust Company, N.A.

      1660 West 2nd
Street, Suite 830

      Cleveland,
Ohio 44113

      Attention: Global
Corporate Trust

      

      If
to the Company, to:

      

      The
Toledo Edison Company

      76
S. Main Street

      Akron, OH
44308

      Attention:
Treasurer

      

      (b)           Any
communication contemplated herein shall be deemed to have been made, given,
furnished and filed if personally delivered, on the date of delivery, if
transmitted by telecopy or other direct written electronic means, on the date of
transmission, and if transmitted by registered or certified mail or reputable
overnight courier, on the date of receipt.  For purposes hereof,
“electronic means” includes a writing or other communication delivered by e-mail
transmission addressed to the relevant party at the e-mail address as such party
may designate in writing from time to time and further includes, but is not
limited to, documents and writings attached to emails in Portable Document
Format (a/k/a .pdf).

       

      (c)           Except
as otherwise expressly provided herein, where this Indenture provides for notice
to bondholders of any event, such notice shall be sufficiently given, and shall
be deemed given, to holders of registered bonds if in writing and mailed,
first-class postage prepaid, to each holder affected by such event, at the
address of such holder as it appears in the registry books, not later than the
latest date, and not earlier than the earliest date, prescribed for the giving
of such notice.  In case by reason of the suspension of regular mail
service or by reason of any other cause it shall be impracticable to give such
notice to bondholders by mail, then such notification as shall be made with the
approval of the Trustee shall constitute a sufficient notification for every
purpose hereunder.  In any case where notice to bondholders is given
by mail, neither the failure to mail such notice, nor any defect in any notice
so mailed, to any particular holder shall affect the sufficiency of such notice
with respect to other bondholders.

       

      Where this Indenture
provides for notice of any event to a holder of a global bond, such notice shall
be sufficiently given if given to the depository for such bond (or its
designee), pursuant to its applicable procedures, not later than the latest date
(if any), and not earlier than the earliest date (if any), prescribed for the
giving of such notice.

       

       

      
        
          
          

        

        
          29

          
            

          

        

        
          
          

        

      

       

      (d)           Any
notice required by this Indenture may be waived in writing by the person
entitled to receive such notice, either before or after the event otherwise to
be specified therein, and such waiver shall be the equivalent of such
notice.  Waivers of notice by bondholders shall be filed with the
Trustee, but such filing shall not be a condition precedent to the validity of
any action taken in reliance upon such waiver.”

       

      Section
1.65. Section 17.05 of
Article 17 of the Original Indenture is hereby amended and restated in its
entirety to read as follows:

       

      “If and to the
extent that any provision of this Indenture limits, qualifies, or conflicts with
any duties under any required provision of the Trust Indenture Act of 1939
imposed hereon by §318(c) thereof, or any
successor section of such Act, such required provision shall control. If any
provision of this Indenture modifies or excludes any provision of the Trust
Indenture Act of 1934 that may be so modified or excluded, the provision of the
Trust Indenture Act of 1939 shall be deemed to apply to this Indenture as so
modified or shall be excluded, as the case may be.”

       

      Section
1.66. Article 17 of the
Original Indenture is hereby amended by adding the following to the end
thereof:

       

      “Section
17.07.  In any case where any interest payment date, redemption date
or stated maturity of any bond shall not be a business day at any place of
payment, then (notwithstanding any other provision of this Indenture or of the
bonds other than a provision in bonds of any series or in the indenture
supplemental hereto which establishes the terms of such bonds, which
specifically states that such provision shall apply in lieu of this section),
payment of interest or principal and premium, if any, need not be made at such
place of payment on such date, but may be made on the next succeeding business
day at such place of payment with the same force and effect as if made on the
interest payment date or redemption date, or at the stated maturity, and, if
such payment is made or duly provided for on such business day, no interest
shall accrue on the amount so payable for the period from and after such
interest payment date, redemption date or stated maturity, as the case may be,
to such business day.

       

      Section
17.08.  This Indenture may not be used to interpret any other
indenture, loan or other agreement of the Company or of any other person. Any
such indenture, loan or other agreement may not be used to interpret this
Indenture.

       

      Section
17.09       Any request, demand,
authorization, direction, notice, consent, waiver or act required or permitted
under this Indenture shall be in the English language, except that any published
notice may be in an official language of the country of
publication.

       

       

      
        
          
          

        

        
          30

          
            

          

        

        
          
          

        

      

       

      Section
17.10.                                

       

      (a)           The
parties hereto intend for this Indenture to create a lien on the mortgaged
property in favor of the Trustee.  The parties hereto acknowledge that
some of the mortgaged property may be determined under applicable law to be
personal property or fixtures.  To the extent that any mortgaged
property may be or be determined to be personal property or fixtures, the
Company, as debtor, hereby grants the Trustee, as secured party, a security
interest in all such mortgaged property, to secure payment and performance of
the bonds.  This Indenture constitutes a security agreement under the
Uniform Commercial Code as in effect in each jurisdiction in which the mortgaged
property is located, as amended or recodified from time to time, covering all
such mortgaged property.

       

      (b)           This
Indenture constitutes a financing statement filed as a fixture filing under
Article 9 of the Uniform Commercial Code (as in effect in the relevant
jurisdiction) consisting of “goods” (as defined in such Uniform Commercial Code)
which now are or later may become fixtures relating to the real property
described in this Indenture.  For this purpose, the address of the
Company, as debtor, is 76 S. Main Street, Akron, Ohio and the address of the
Trustee, as secured party, is 1660 West 2nd Street, Suite 830

       

      Cleveland, Ohio
44113; the Company is the record owner of the real property (except as otherwise
set forth in the Indenture); and the Company’s organizational identification
number is 34-4375005.

       

      Section
17.11  Subject to the provisions of §13.22, this Indenture and
the bonds shall be governed by and construed in accordance with the laws of the
State of Ohio, except (a) to the extent that the law of any other
jurisdiction shall be mandatorily applicable and (b) to the extent that
perfection and the effect of perfection of the Lien of this Indenture may be
governed by the laws of states other than the State of Ohio as provided by
law.

       

      Section
17.12  Each of the Company and the Trustee hereby irrevocably waives,
to the fullest extent permitted by applicable law, any and all right to trial by
jury in any legal proceeding arising out of or relating to this Indenture, the
bonds or the transactions contemplated hereby.”

       

      Section
1.67. The Bank of New York
Mellon Trust Company, N.A., being the transferee of substantially all the
corporate trust business and assets of JPMorgan Chase Bank, N.A., is hereby
deemed to be the successor to JPMorgan Chase Bank, N.A., as Trustee under the
Indenture, effective as of the date of execution and delivery of this
Supplemental Indenture and all references in the General Form of Coupon Bond and
the General Form of Fully Registered Bond to “The Chase National Bank of the
City of New York” are hereby substituted with “The Bank of New York Mellon Trust
Company, N.A.”.

       

       

      
        
          
          

        

        
          31

          
            

          

        

        
          
          

        

      

       

       

      ARTICLE
II

       

       

      

       

       

      Miscellaneous
Provisions

       

      Section
1.  The Original Indenture, as heretofore amended and supplemented, is
in all respects ratified and confirmed, and the Original Indenture, this
Supplemental Indenture and all other indentures supplemental to the Original
Indenture shall be read, taken and construed as one and the same
instrument.  Neither the execution of this Supplemental Indenture nor
anything herein contained shall be construed to impair the lien of the Indenture
on any of the property subject thereto, and such lien shall remain in full force
and effect as security for all bonds now outstanding or hereafter issued under
the Indenture.  All covenants and provisions of the Original
Indenture, except as modified by this Supplemental Indenture and all other
indentures supplemental to the Original Indenture, shall continue in full force
and effect for the respective periods of time therein specified, and this
Supplemental Indenture shall form part of the Indenture.  All terms
defined in Article 1 of the Original Indenture shall, for all purposes of this
Supplemental Indenture, have the meanings in said Article 1 specified, except as
modified by this Supplemental Indenture and all other indentures supplemental to
the Original Indenture and unless the context otherwise requires.

       

      Section
2.  This Supplemental Indenture may be simultaneously executed in any
number of counterparts, and all said counterparts executed and delivered, each
as an original, shall constitute but one and the same instrument.

       

      Section 3.  The Trustee shall not be
responsible in any manner whatsoever for or in respect of the validity or
sufficiency of this Supplemental Indenture or for or in respect of the recitals
contained herein, all of which recitals are made by the Company
solely.

       

      
        
           

        

        
          32

          
            

          

        

        
           

        

      

      In Witness
Whereof, The Toledo Edison Company has caused its corporate name to be
hereunto affixed and this instrument to be signed by its President or a Vice
President and JPMorgan Chase Bank, N.A., as Trustee, in evidence of its
acceptance of the trust hereby created, has caused its corporate name to be
hereunto affixed and this instrument to be signed by its President or a Vice
President, all as of the day and year first above written.

       

      

      

      

      

      
        	
                 
      

              	
                THE TOLEDO
      EDISON COMPANY

              

      

      

      

      
        	
                                                                                                                 
      By:

              	
                /s/ James F.
      Pearson_____________________

              	 

      

      
        	
                 
      

              	
                James F.
      Pearson, Vice President and
Treasurer

              

      

      

      

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      
        	
                 
      

              	
                JPMORGAN CHASE
      BANK, N.A., AS TRUSTEE

              

      

      

      

      
        	
                                                                                                                 
      By:

              	
                /s/ Thomas J.
      Foley____________________

              	 

      

      
        	
                 
      

              	
                Thomas J.
      Foley, Vice President

              

      

      

      

      

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      State of
Ohio                      
)

                                                    )ss.:

      County of
Summit            
)

       

      On this ___ day of
April, 2009, before me personally appeared James F. Pearson to me personally
known, who being by me severally duly sworn, did say that he is a Vice President
and Treasurer of The Toledo Edison Company and that said instrument was signed
in behalf of said corporation by authority of its Board of Directors; and said
officer acknowledged said instrument to be the free act and deed of said
corporation.

       

      

      ____________________________,
Notary Public

          Commission
Expires_____________________                                                     

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      State
of New York        )

                                                    )ss.:

      County
of New York     )

       

      On this ___ day of
April, 2009, before me personally appeared Thomas J. Foley to me personally
known, who being by me severally duly sworn, did say that he is a Vice President
of JPMorgan Chase Bank, N.A. and that said instrument was signed and sealed in
behalf of said corporation by authority of its Board of Directors; and said
officer severally acknowledged said instrument to be the free act and deed of
said corporation.

       

      
        	
                Francis J.
      Grippo

              
	
                Notary Public,
      State of New York

              
	
                Reg. No.
      4522535

              
	
                Qualified in
      Orange County

              
	
                Commission
      Expires 9/30/2010

              
	 
    	 
    

      

      

       

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      This instrument was
prepared by:

       

      Lucas F.
Torres

      Akin Gump Strauss
Hauer & Feld LLP

      One
Bryant Park

      New
York, New York 10036ex4_4.htm

    
      EXHIBIT
4.4

      

      
        
          

          

        

        

         

         

        

      

      THE
TOLEDO EDISON COMPANY

       

      TO

       

      THE
BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

       

      (as
successor trustee)

       

      Trustee.

       

      
        
          
            

          

        

        
 

      

      Fifty-seventh
Supplemental Indenture

      Dated
as of April 24, 2009

       

       

      
        
          
            

          

         

        

      

      (Supplemental
to Indenture of Mortgage

      and
Deed of Trust dated as of April 1, 1947)

       

      
        

         

          
            

          

        

        

      

      First
Mortgage Bonds, 7.25% Series of 2009 Due 2020

       

      First
Mortgage Bonds, 6.15% Series of 2009 Due 2037

       

       

       

       

      
        

        

      

       

       

       

       

      

      
        
           

        

        
           

          
            

          

        

        
           

          
             

          

        

      

      

       

      Fifty-seventh
Supplemental Indenture, dated as of April 24, 2009, between The Toledo
Edison Company, a corporation organized and existing under the laws of the State
of Ohio (hereinafter called the “Company”),
and The Bank of New York Mellon Trust Company, N.A., (successor to JPMorgan
Chase Bank, N.A. (formerly known as The Chase Manhattan Bank)), a national
banking association (hereinafter called the “Trustee”),
as Trustee.

       

       

      RECITALS

       

      Whereas the Company has
heretofore executed and delivered an Indenture of Mortgage and Deed of Trust
dated as of April 1, 1947 (hereinafter referred to as the “Original
Indenture”) to The Chase National Bank of the City of New York,
predecessor Trustee, to secure an issue of First Mortgage Bonds of the Company,
issuable in series, and created thereunder an initial series of bonds designated
as First Mortgage Bonds, 27⁄8% Series due 1977; and

       

      Whereas
the Company has heretofore executed and delivered to The Chase National Bank of
the City of New York, predecessor Trustee, four Supplemental Indentures
supplementing the Original Indenture dated, respectively, as follows: First,
September 1, 1948, Second, April 1, 1949, Third, December 1, 1950, and Fourth,
March 1, 1954 and has heretofore executed and delivered to The Chase Manhattan
Bank, which on March 31, 1955, became the Trustee under the Original Indenture
by virtue of the merger of The Chase National Bank of the City of New York into
President and Directors of The Manhattan Company under the name of The Chase
Manhattan Bank, the Fifth and the Sixth Supplemental Indentures dated,
respectively, February 1, 1956, and May 1, 1958, supplementing the Original
Indenture; and

       

      Whereas
The Chase Manhattan Bank was converted into a national banking association under
the name The Chase Manhattan Bank (National Association), effective September
23, 1965; and by virtue of said conversion the continuity of the business of The
Chase Manhattan Bank, including its business of acting as corporate trustee, and
its corporate existence, was not affected, so that The Chase Manhattan Bank
(National Association) was vested with all the trusts, powers, discretion,
immunities, privileges and all other matters as were vested in said The Chase
Manhattan Bank under the Indenture (hereinafter defined), with like effect as if
originally named as Trustee therein; and

       

      Whereas
the Company has heretofore executed and delivered to The Chase Manhattan Bank
(National Association) forty-one Supplemental Indentures dated, respectively, as
follows: Seventh, August 1, 1967, Eighth, November 1, 1970, Ninth, August 1,
1972, Tenth, November 1, 1973, Eleventh, July 1, 1974, Twelfth, October 1, 1975,
Thirteenth, June 1, 1976, Fourteenth, October 1, 1978, Fifteenth, September 1,
1979, Sixteenth, September 1, 1980, Seventeenth, October 1, 1980, Eighteenth,
April 1, 1981, Nineteenth, November 1, 1981, Twentieth, June 1, 1982,
Twenty-first, September 1, 1982, Twenty-second, April 1, 1983, Twenty-third,
December 1, 1983, Twenty-fourth, April 1, 1984, Twenty-fifth, October 15, 1984,
Twenty-sixth, October 15, 1984, Twenty-seventh, August 1, 1985, Twenty-eighth,
August 1, 1985, Twenty-ninth, December 1, 1985, Thirtieth, March 1, 1986,
Thirty-first, October 15, 1987, Thirty-second, September 15, 1988, Thirty-third,
June 15, 1989, Thirty-fourth, October 15, 1989, Thirty-fifth, May 15, 1990,
Thirty-sixth, March 1, 1991, Thirty-seventh, May 1, 1992, Thirty-eighth, August

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      1, 1992,
Thirty-ninth, October 1, 1992, Fortieth, January 1, 1993, Forty-first, September
15, 1994, Forty-second, May 1, 1995, Forty-third, June 1, 1995, Forty-fourth,
July 14, 1995, Forty-fifth, July 15, 1995, Forty-sixth, June 15, 1997, and
Forty-seventh, August 1, 1997, supplementing the Original Indenture;
and

       

      Whereas
The Chase Manhattan Bank (National Association), Successor Trustee, was merged
on July 1, 1996, with and into Chemical Bank, a New York banking corporation,
which changed its name to The Chase Manhattan Bank, and which became the Trustee
under the Original Indenture by virtue of such merger; and

       

      Whereas
The Company has heretofore executed and delivered to The Chase Manhattan Bank
four Supplemental Indentures dated, respectively, as follows: Forty-eighth, June
1, 1998, Forty-ninth, January 15, 2000, Fiftieth, May 1, 2000, and Fifty-first,
September 1, 2000, supplementing the Original Indenture; and

       

      Whereas The Chase Manhattan Bank
changed its name to JPMorgan Chase Bank on November 10, 2001; and

       

      Whereas
the Company has heretofore executed and delivered to JPMorgan Chase Bank three
Supplemental Indentures dated, respectively, as follows: Fifty-second, October
1, 2002, Fifty-third, April 1, 2003, and Fifty-fourth, September 1, 2004,
supplementing the Original Indenture; and

       

      Whereas
JPMorgan Chase Bank was converted into a national banking association under the
name JPMorgan Chase Bank, N.A., effective November 13, 2004; and by virtue of
said conversion the continuity of the business of JPMorgan Chase Bank, including
its business of acting as corporate trustee, and its corporate existence, was
not affected, so that JPMorgan Chase Bank, N.A. was vested with all the trusts,
powers, discretion, immunities, privileges and all other matters as were vested
in said JPMorgan Chase Bank under the Indenture, with like effect as if
originally named as Trustee therein; and

       

      Whereas
the Company has heretofore executed and delivered to JPMorgan Chase Bank, N.A.
two Supplemental Indentures, dated respectively as follows: Fifty-fifth, April
1, 2005, and Fifty-sixth, April 23, 2009, supplementing the Original Indenture
(the Original Indenture, all the aforementioned Supplemental Indentures, this
Fifty-seventh Supplemental Indenture and any other indentures supplemental to
the Original Indenture are herein collectively called the “Indenture”
and this Fifty-seventh Supplemental Indenture is hereinafter called this “Supplemental
Indenture”); and

       

      Whereas in accordance with the
Fifty-sixth Supplemental Indenture dated as of April 23, 2009, The Bank of New
York Mellon Trust Company, N.A., being the transferee of substantially all the
corporate trust business and assets of JPMorgan Chase Bank, N.A., was deemed to
be the successor to JPMorgan Chase Bank, N.A., as Trustee under the Indenture;
and

       

      Whereas
the Company covenanted in and by the Original Indenture to execute and deliver
such further instruments and do such further acts as may be necessary or proper
to carry

       

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

       

       out more
effectually the purposes of the Original Indenture and to make subject to the
lien thereof property acquired after the execution and delivery of the Original
Indenture; and

       

      Whereas
under Article 3 of the Original Indenture, the Company is authorized to issue
additional bonds upon the terms and conditions expressed in the Original
Indenture; and

       

      Whereas
the Company proposes to create two new series of First Mortgage Bonds to be
designated as First Mortgage Bonds, 7.25% Series of 2009 Due 2020 (hereinafter
called the “Bonds of 7.25%
Series”) and First Mortgage Bonds, 6.15% Series of 2009 Due 2037
(hereinafter called the “Bonds of 6.15%
Series”), with the respective denominations, rates of interest, dates of
maturity, redemption provisions and other provisions and agreements in respect
thereof as in this Supplemental Indenture set forth; and

       

      Whereas
the Bonds of 7.25% Series are to be issued by the Company and delivered to The
Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New
York Trust Company, N.A.), as trustee (hereinafter called the “Senior
Note
Trustee”) under the Indenture, dated as of November 1, 2006 (hereinafter
called the “Senior Note
Indenture”), between the Company and the Senior Note Trustee, pursuant to
a supplemental indenture thereto, dated as of April 24, 2009, between the
Company and the Senior Note Trustee under which the Senior Note Trustee will
hold the Bonds of 7.25% Series as security for the payment of principal of and
premium, if any, and interest on $300,000,000 aggregate principal amount of the
Company’s 7.25% Senior Notes Due 2020 (hereinafter called the “7.25%
Senior
Notes”)
issued and currently outstanding under the Senior Note Indenture;
and

       

      Whereas
the Bonds of 6.15% Series are to be issued by the Company and delivered to the
Senior Note Trustee under the Senior Note Indenture, pursuant to a supplemental
indenture thereto, dated as of April 24, 2009, between the Company and the
Senior Note Trustee under which the Senior Note Trustee will hold, for so long
as the Bonds of 7.25% Series shall be outstanding, the Bonds of 6.15% Series as
security for the payment of principal of and premium, if any, and interest on
$300,000,000 aggregate principal amount of the Company’s 6.15% Senior Notes Due
2037 (hereinafter called the “6.15%
Senior Notes”)
issued and currently outstanding under the Senior Note Indenture;
and

       

      Whereas
the Company, by appropriate corporate action, has duly resolved and determined
to execute this Supplemental Indenture for the purpose of providing for the
creation of the Bonds of 7.25% Series and the Bonds of 6.15% Series and of
specifying the form, provisions and particulars thereof as in said Original
Indenture, as amended, provided or permitted, including the issuance only of
fully registered Bonds of 7.25% Series and Bonds of 6.15% Series, and of giving
to the Bonds of 7.25% Series and the Bonds of 6.15% Series the protection and
security of the Indenture; and

       

      Whereas
the text of the Bonds of 7.25% Series is to be substantially in the following
form:

       

      [Form
of Fully Registered Bonds of 7.25% Series]

       

       

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

       

      THIS BOND IS NOT
TRANSFERABLE EXCEPT TO A SUCCESSOR TRUSTEE UNDER THE INDENTURE, DATED AS OF
NOVEMBER 1, 2006, BETWEEN THE TOLEDO EDISON COMPANY AND THE BANK OF NEW YORK
MELLON TRUST COMPANY, N.A. (Formerly Known as The Bank of New York Trust
Company, N.A.), AS TRUSTEE, OR IN COMPLIANCE WITH A FINAL ORDER OF A COURT OF
COMPETENT JURISDICTION IN CONNECTION WITH ANY BANKRUPTCY OR REORGANIZATION
PROCEEDING OF THE TOLEDO EDISON COMPANY.

       

      The
Toledo Edison Company

       

      First
Mortgage Bond, 7.25% Series of 2009 Due 2020

       

      Due
May 1, 2020

       

      No. $__________

       

                 The Toledo
Edison Company, a corporation organized and existing under the laws of
the State of Ohio (hereinafter sometimes called the “Company”),
for value received, hereby promises to pay to, or registered assigns, the
principal sum of  Dollars ($) or the aggregate unpaid principal
amount hereof, whichever is less, on May 1, 2020, at the office or agency
of the Company in the City of Akron, State of Ohio, or the City of Cleveland,
State of Ohio, and semi-annually on May 1 and November 1 in each year beginning
on November 1, 2009 (each such date hereinafter called an “interest payment
date”), to pay interest thereon to the registered owner hereof at said
place or places, at the rate of 7.25% per annum from the semi-annual interest
payment date next preceding the date of this bond (unless this bond be dated on
an interest payment date, in which case from the date hereof; or unless this
bond be dated prior to the first interest payment date in respect hereof, in
which case from the date of initial issuance of this bond, and except that if
this bond is delivered on a transfer or exchange of or in substitution for
another bond or bonds it shall bear interest from the last preceding date to
which interest shall have been paid on the bond or bonds in respect of which
this bond is delivered), and on and until the date of maturity of this bond, or,
if this bond is subject to
mandatory redemption as provided for on the reverse hereof, on and until the
redemption date, or, if the Company shall default in the payment of the
principal amount of this bond, until the Company’s obligation with respect to
such principal sum shall be discharged.  Interest on this bond shall be
computed on the basis of twelve 30-day months and a 360-day
year.  Subject to certain exceptions
provided in said Indenture, the interest payable on any interest payment date
shall be paid to the person in whose name this bond shall be registered at the
close of business on the day next preceding such interest payment date, or if
such day shall be a day on which banking institutions in the Borough of
Manhattan, The City of New York, the City of Akron, State of Ohio, or the City
of Cleveland, State of Ohio, are authorized to close, the next preceding day
which shall not be a day on which such institutions are so authorized to
close.  Each of the principal of and premium, if any, and
interest on this bond shall be payable in any coin or currency of the United
States of America which at the time of payment shall be legal tender for the
payment of public and private debts.

       

                 This
bond has been pledged to secure the Company’s obligations to pay the principal
of and premium, if any, and interest on the aggregate principal amount, not to
exceed $300,000,000, 

       

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      at any time
outstanding of the Company’s 7.25% Senior Notes Due 2020 issued on April 24,
2009 (hereinafter called the “Senior
Notes”) under the Indenture, dated as of November 1, 2006 (hereinafter
called the “Senior Note
Indenture”), between the Company and The Bank of New York Mellon Trust
Company, N.A. (formerly known
as The Bank of New York Trust Company, N.A.), as trustee (such trustee
and any successor trustee thereunder being hereinafter referred to as the “Senior Note
Trustee”).

       

      The provisions of this bond are continued on
the reverse hereof and such continued provisions shall for all purposes have the
same effect as though fully set forth at this place.

       

      In Witness Whereof, The Toledo Edison Company
has caused this bond to be signed in its name by its President or a Vice
President.

       

      Dated:                                                                The
Toledo Edison Company

       

      By                                                                           

      [Vice]
President

       

       [Form of Trustee’s
Certificate of Authentication]

       

      This bond is one of the bonds of the series
designated herein, described in the within-mentioned Indenture.

       

      The
Bank of New York Mellon trust Company, N.A., as Trustee

       

      By                                                                           

      Authorized
Signatory

       

       [Form
of Reverse of Fully Registered Bond of 7.25% Series]

       

      The
Toledo Edison Company

       

      First
Mortgage Bond, 7.25% Series of 2009 Due 2020

       

      This bond is one of an issue of bonds of the
Company, known as its First Mortgage Bonds, issued and to be issued in one or
more series under and equally and ratably secured (except as any sinking,
amortization, improvement or other fund, established in accordance with the
provisions of the Indenture hereinafter mentioned, may afford additional
security for the bonds of any particular series) by a certain Indenture of
Mortgage and Deed of Trust, dated as of April 1, 1947 (hereinafter called the
“Original
Indenture”), made by the Company to The Chase National Bank of the City
of New York (The Bank of New York Mellon Trust Company, N.A., successor), as
Trustee (hereinafter called the “Trustee”),
and by certain indentures supplemental thereto, including the Fifty-seventh
Supplemental Indenture dated as of April 24, 2009 (the Original Indenture and
said indentures supplemental thereto hereinafter collectively called
the

       

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

       

       “Indenture”
and said Fifty-seventh Supplemental Indenture hereinafter called the “Supplemental
Indenture”), to which Indenture reference is hereby made for a
description of the property mortgaged, the nature and extent of the security,
the rights and limitations of rights of the Company, the Trustee and the holders
of said bonds and of the coupons appurtenant to coupon bonds, under the
Indenture, and the terms and conditions upon which said bonds are and are to be
issued and secured, to all of the provisions of which Indenture and of all such
supplemental indentures in respect of such security, including the provisions of
the Indenture permitting the issue of bonds of any series for property which,
under the restrictions and limitations therein specified, may be subject to
liens prior to the lien of the Indenture, the holder, by accepting this bond,
assents.  To the extent permitted by and as provided in the Indenture,
the rights and obligations of the Company and of the holders of said bonds and
coupons (including those pertaining to any sinking or other fund) may be changed
and modified, with the consent of the Company, by the holders of a majority in
aggregate principal amount of the bonds then outstanding, such percentage being
determined as provided in the Indenture; provided, however, that in case such
changes and modifications affect one or more but less than all series of bonds
then outstanding, they shall be required to be adopted only by the affirmative
vote of the holders of a majority in aggregate principal amount of outstanding
bonds of such one or more series so affected; and further provided, that
without the consent of the holder hereof no such change or modification shall be
made which will extend the time of payment of the principal of, or of the
interest or premium, if any, on this bond or reduce the principal amount hereof
or the rate of interest or the premium, if any, hereon, or effect any other
modification of the terms of payment of such principal or interest, or premium,
if any, or will permit the creation of any lien ranking prior to or on a parity
with the lien of the Indenture on any of the mortgaged property, or will deprive
the holder hereof of the benefit of a lien upon the mortgaged property for the
security of this bond, or will reduce the percentage of bonds required for the
adoption of changes or modifications as aforesaid.

       

      In the Fifty-sixth Supplemental Indenture,
dated as of April 23, 2009, between the Company and the Trustee, the Company has
amended certain provisions in the Indenture, effective only with respect to the
bonds of all series established after the execution of said Fifty-sixth
Supplemental Indenture.

       

      This bond is one of a series of bonds
designated as the First Mortgage Bonds, 7.25% Series of 2009 Due 2020, of the
Company (hereinafter called the “bonds of this
series”) limited, except as otherwise provided in the Indenture, in
aggregate principal amount to $300,000,000, and is issued under and secured by
the Supplemental Indenture.

       

      The bonds of this series have been issued by
the Company and pledged to the Senior Note Trustee under the Senior Note
Indenture pursuant to a supplemental indenture thereto, dated as of April 24,
2009 (hereinafter called the “Senior
Note
Supplemental Indenture”), between the Company and the Senior Note
Trustee.  Pursuant to the Senior Note Supplemental Indenture, the
Senior Note Trustee will hold this bond as security for the payment of the
principal of and premium, if any, and interest on the aggregate principal amount
of the Senior Notes issued and outstanding from time to time.

       

      If and when any Senior Notes are purchased by
the Company and surrendered to the Senior Note Trustee for cancellation or the
principal of any Senior Notes is redeemed or paid by

       

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

       the Company,
then there is deemed to be paid, or in the case of redemption of any Senior
Notes, correspondingly redeemed, a principal amount of the bonds of this series
then outstanding equal to the principal amount of the Senior Notes so purchased,
redeemed or paid; provided,
however, that such payment or redemption of bonds of this series is
deemed to be made only when and to the extent that notice of such purchase,
redemption or payment of such Senior Notes is given by the Company to the
Trustee.  If and when the Company pays interest, for any given period
of time, on the Senior Notes, there is deemed to be paid an equal amount of
interest on the bonds of this series; provided, however, that such
payment of interest is deemed to be made only when and to the extent that notice
of such payment of interest on such Senior Notes is given by the Company to the
Trustee.

       

      The Trustee may at any time and all times
conclusively assume that the obligation of the Company to make payments with
respect to the principal of and premium, if any, and interest on the bonds of
this series, so far as the payments at the time have become due, has been fully
satisfied and discharged pursuant to the foregoing paragraph unless and
until the Trustee shall have received a written notice from the Senior Note
Trustee signed by one of its Responsible Officers (as defined in the Senior Note
Indenture) stating (i) that timely payment of principal of, or premium, if any,
or interest on, the Senior Notes has not been made, (ii) that the Company is in
arrears as to the payments required to be made by it to the Senior Note Trustee
pursuant to the Senior Note Indenture, and (iii) the amount of the
arrearage.

       

      In the event that this bond shall be deemed to
be paid or redeemed in full, this bond shall be surrendered to the Trustee for
cancellation.  In the event that this bond is deemed to have been paid
or redeemed in part, this bond shall be surrendered to the Trustee for
cancellation, in which event the Trustee will cancel this bond and the Company
will execute and the Trustee will authenticate and deliver to the Senior Note
Trustee, as such registered owner, bonds of this series in authorized
denominations in the aggregate principal amount equal to the unpaid balance of
the principal amount of this bond.

       

      The bonds of this series are subject to
mandatory redemption by the Company prior to maturity at 100% of the principal
amount thereof (the “Redemption
Price”), plus interest accrued to the redemption date, in whole, upon a
redemption date fixed by the Company in a written notice from the Company to the
Trustee and the Senior Note Trustee, which date shall be within ten (10) days
after receipt by the Trustee and the Company of a written demand for redemption
by the Senior Note Trustee, stating that an “Event of Default” has occurred and
is continuing under Section 801 of the Senior Note Indenture and that, pursuant
to Section 802 of the Senior Note Indenture, the principal amount of the Senior
Notes and the interest accrued thereon have been declared to be due and payable
immediately and no less than five (5) days after the date the aforesaid written
notice from the Company to the Trustee and the Senior Note Trustee is given,
payment of the Redemption Price plus interest accrued to the redemption date to
be made upon surrender of the bonds of this series at the office or agency of
the Company in the City of Akron, State of Ohio, or the City of Cleveland, State
of Ohio. The Company shall deposit in trust with a paying agent, prior to the
date of mandatory redemption, an amount of money sufficient to pay the
Redemption Price of all the bonds of this series, including accrued interest to
the redemption date.  Upon deposit of the Redemption Price and accrued
interest to the redemption date with a

       

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

       paying agent,
the bonds of this series will be deemed paid and no longer outstanding whether
or not the bonds of this series have been surrendered for payment.

       

      The principal amount of this bond may be
declared or may become due before the maturity hereof, on the conditions, in the
manner and at the times set forth in the Indenture, upon the happening of a
default as therein defined.

       

      This bond is not transferable except (i) as
required to effect an assignment to a successor Senior Note Trustee under the
Senior Note Indenture or (ii) in compliance with a final order of a court of
competent jurisdiction in connection with any bankruptcy or reorganization
proceeding of the Company.  Subject to the foregoing and to the
limitations provided in the Indenture and the Supplemental Indenture, this bond
is transferable by the registered owner hereof, in person or by duly authorized
attorney, on the books of the Company to be kept for that purpose at the office
or agency of the Company in the Borough of Manhattan, The City of New York, the
City of Akron, State of Ohio, or the City of Cleveland, State of Ohio upon
surrender and cancellation of this bond, and upon presentation of a duly
executed written instrument of transfer, and thereupon a new fully registered
bond or bonds of the same series, of the same aggregate principal amount and in
authorized denominations will be issued to the transferee or transferees in
exchange therefor, as provided in the Indenture.  This bond, with or
without others of the same series, may in like manner be exchanged for one or
more new fully registered bonds of this series of other authorized denominations
but of the same aggregate principal amount.  Upon each such transfer,
exchange and re-exchange, the Company will not require the payment of any
charges, other than for any tax or taxes or other governmental charges
incidental to such transfer or exchange and all subject to the terms and
conditions set forth in the Indenture.  Except as otherwise provided
herein with respect to the payment of interest, the Company, the agencies of the
Company and the Trustee may deem and treat the person in whose name this bond is
registered as the absolute owner hereof for the purpose of receiving any payment
and for all other purposes.

       

      No recourse under or upon any covenant or
obligation of the Indenture, or of any indenture supplemental thereto, or of
this bond, for the payment of the principal of or the interest on this bond, or
for any claim based thereon, or otherwise in any manner in respect thereof,
shall be had against any incorporator, subscriber to the capital stock,
stockholder, officer or director, as such, of the Company, whether former,
present or future, either directly or indirectly through the Company or any
predecessor or successor corporation or the Trustee, by the enforcement of any
subscription to capital stock, assessment or otherwise, or by any legal or
equitable proceeding by virtue of any constitution, statute, or otherwise
(including, without limiting the generality of the foregoing, any proceeding to
enforce any claimed liability of stockholders of the Company based upon any
theory of disregarding the corporate entity of the Company or upon any theory
that the Company was acting as the agent or instrumentality of the
stockholders), any and all such liability of incorporators, stockholders,
subscribers, officers and directors, as such, being released by the holder
hereof, by the acceptance of this bond, and being likewise waived and released
by the terms of the Indenture.

       

      The bonds of this
series shall be issuable in denominations of $2,000 and integral multiples of
$1,000 thereof.

       

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      

      This bond shall not be valid or become
obligatory for any purpose until the certificate of authentication endorsed
hereon shall have been signed by The Bank of New York Mellon Trust Company,
N.A., or its successor, as Trustee under the Indenture.

       

      

      [End of Form of
Fully Registered Bonds of 7.25% Series]

       

       

       

      Whereas
the text of the Bonds of 6.15% Series is to be substantially in the following
form:

       

       

      [Form
of Fully Registered Bonds of 6.15% Series]

       

      THIS BOND IS NOT
TRANSFERABLE EXCEPT TO A SUCCESSOR TRUSTEE UNDER THE INDENTURE, DATED AS OF
NOVEMBER 1, 2006, BETWEEN THE TOLEDO EDISON COMPANY AND THE BANK OF NEW YORK
MELLON TRUST COMPANY, N.A. (Formerly Known as The Bank of New York Trust
Company, N.A.), AS TRUSTEE, OR IN COMPLIANCE WITH A FINAL ORDER OF A COURT OF
COMPETENT JURISDICTION IN CONNECTION WITH ANY BANKRUPTCY OR REORGANIZATION
PROCEEDING OF THE TOLEDO EDISON COMPANY.

       

      The
Toledo Edison Company

       

      First
Mortgage Bond, 6.15% Series of 2009 Due 2037

       

      Due
May 15, 2037

       

      No.                                                                                                                                                                                                                                                                                                   
$__________

       

      The Toledo
Edison Company, a corporation organized and existing under the laws of
the State of Ohio (hereinafter sometimes called the “Company”),
for value received, hereby promises to pay to_______________________, or
registered assigns, the principal sum of _____________ Dollars
($__________) or the aggregate
unpaid principal amount hereof, whichever is less, on May 15, 2037, at
the office or agency of the Company in the City of Akron, State of Ohio, or the
City of Cleveland, State of Ohio, and semi-annually on May 15 and November 15 in
each year beginning on May 15, 2009 (each such date hereinafter called an “interest payment
date”), to pay interest thereon to the registered owner hereof at said
place or places, at the rate of 6.15% per annum from the semi-annual interest
payment date next preceding the date of this bond (unless this bond be dated on
an interest payment date, in which case from the date hereof; or unless this
bond be dated prior to the first interest payment date in respect hereof, in
which case from the date of initial issuance of this bond, and except that if
this bond is delivered on a transfer or exchange of or in substitution for
another bond or bonds it shall bear interest from the last preceding date to
which interest shall have been paid on the bond or bonds in respect of which
this bond is delivered), and on and until the date of maturity of this bond, or,
if this bond is subject to
mandatory redemption as provided for on the reverse hereof, on and until the
redemption date, or, if the Company shall default in the payment of the
principal

       

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

       

       

       amount of this
bond, until the Company’s obligation with respect to such principal sum shall be
discharged.  Interest on this bond shall be
computed on the basis of twelve 30-day months and a 360-day
year.  Subject to certain exceptions
provided in said Indenture, the interest payable on any interest payment date
shall be paid to the person in whose name this bond shall be registered at the
close of business on the day next preceding such interest payment date, or if
such day shall be a day on which banking institutions in the Borough of
Manhattan, The City of New York, the City of Akron, State of Ohio, or the City
of Cleveland, State of Ohio, are authorized to close, the next preceding day
which shall not be a day on which such institutions are so authorized to
close.  Each of the principal of and premium, if any, and
interest on this bond shall be payable in any coin or currency of the United
States of America which at the time of payment shall be legal tender for the
payment of public and private debts.

       

      This bond has been pledged to secure the
Company’s obligations to pay the principal of and premium, if any, and interest
on the aggregate principal amount, not to exceed $300,000,000, at any time
outstanding of the Company’s 6.15% Senior Notes Due 2037 originally issued on
November 16, 2006 (hereinafter called the “Senior
Notes”) under the Indenture, dated as of November 1, 2006 (hereinafter
called the “Senior Note
Indenture”), between the Company and The Bank of New York Mellon Trust
Company, N.A. (formerly known
as The Bank of New York Trust Company, N.A.), as trustee (such trustee
and any successor trustee thereunder being hereinafter referred to as the “Senior Note
Trustee”).

       

      The provisions of this bond are continued on
the reverse hereof and such continued provisions shall for all purposes have the
same effect as though fully set forth at this place.

       

      In Witness Whereof, The Toledo Edison Company
has caused this bond to be signed in its name by its President or a Vice
President.

       

       

      Dated:                                                                                                                                            
The Toledo Edison Company

       

                                                               
By  ______________________________________                                                                         

                                                                                                                                                 
[Vice] President

       

       [Form of Trustee’s
Certificate of Authentication]

       

      This bond is one of the bonds of the series
designated herein, described in the within-mentioned Indenture.

       

                                                              
The Bank of New York Mellon trust Company, N.A., as Trustee

       

                                                               By_______________________________________                                                                         

                                                         
Authorized Signatory

       

       

       

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

       

       

      [Form
of Reverse of Fully Registered Bond of 6.15% Series]

       

      The
Toledo Edison Company

       

      First
Mortgage Bond, 6.15% Series of 2009 Due 2037

       

      This bond is one of an issue of bonds of the
Company, known as its First Mortgage Bonds, issued and to be issued in one or
more series under and equally and ratably secured (except as any sinking,
amortization, improvement or other fund, established in accordance with the
provisions of the Indenture hereinafter mentioned, may afford additional
security for the bonds of any particular series) by a certain Indenture of
Mortgage and Deed of Trust, dated as of April 1, 1947 (hereinafter called the
“Original
Indenture”), made by the Company to The Chase National Bank of the City
of New York (The Bank of New York Mellon Trust Company, N.A., successor), as
Trustee (hereinafter called the “Trustee”),
and by certain indentures supplemental thereto, including the Fifty-seventh
Supplemental Indenture dated as of April 24, 2009 (the Original Indenture and
said indentures supplemental thereto hereinafter collectively called the “Indenture”
and said Fifty-seventh Supplemental Indenture hereinafter called the “Supplemental
Indenture”), to which Indenture reference is hereby made for a
description of the property mortgaged, the nature and extent of the security,
the rights and limitations of rights of the Company, the Trustee and the holders
of said bonds and of the coupons appurtenant to coupon bonds, under the
Indenture, and the terms and conditions upon which said bonds are and are to be
issued and secured, to all of the provisions of which Indenture and of all such
supplemental indentures in respect of such security, including the provisions of
the Indenture permitting the issue of bonds of any series for property which,
under the restrictions and limitations therein specified, may be subject to
liens prior to the lien of the Indenture, the holder, by accepting this bond,
assents.  To the extent permitted by and as provided in the Indenture,
the rights and obligations of the Company and of the holders of said bonds and
coupons (including those pertaining to any sinking or other fund) may be changed
and modified, with the consent of the Company, by the holders of a majority in
aggregate principal amount of the bonds then outstanding, such percentage being
determined as provided in the Indenture; provided, however, that in case such
changes and modifications affect one or more but less than all series of bonds
then outstanding, they shall be required to be adopted only by the affirmative
vote of the holders of a majority in aggregate principal amount of outstanding
bonds of such one or more series so affected; and further provided, that
without the consent of the holder hereof no such change or modification shall be
made which will extend the time of payment of the principal of, or of the
interest or premium, if any, on this bond or reduce the principal amount hereof
or the rate of interest or the premium, if any, hereon, or effect any other
modification of the terms of payment of such principal or interest, or premium,
if any, or will permit the creation of any lien ranking prior to or on a parity
with the lien of the Indenture on any of the mortgaged property, or will deprive
the holder hereof of the benefit of a lien upon the mortgaged property for the
security of this bond, or will reduce the percentage of bonds required for the
adoption of changes or modifications as aforesaid.

       

      In the Fifty-sixth Supplemental Indenture,
dated as of April 23, 2009, between the Company and the Trustee, the Company has
amended certain provisions in the Indenture, effective only with respect to the
bonds of all series established after the execution of said Fifty-sixth
Supplemental Indenture.

       

      

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

       

      This bond is one of a series of bonds
designated as the First Mortgage Bonds, 6.15% Series of 2009 Due 2037, of the
Company (hereinafter called the “bonds of this
series”) limited, except as otherwise provided in the Indenture, in
aggregate principal amount to $300,000,000, and is issued under and secured by
the Supplemental Indenture.

       

      The bonds of this series have been issued by
the Company and pledged to the Senior Note Trustee under the Senior Note
Indenture pursuant to a supplemental indenture thereto, dated as of April 24,
2009 (hereinafter called the “Senior
Note
Supplemental Indenture”), between the Company and the Senior Note
Trustee.  Pursuant to the Senior Note Supplemental Indenture, the
Senior Note Trustee will hold this bond as security for the payment of the
principal of and premium, if any, and interest on the aggregate principal amount
of the Senior Notes issued and outstanding from time to time.

       

      If and when any Senior Notes are purchased by
the Company and surrendered to the Senior Note Trustee for cancellation or the
principal of any Senior Notes is redeemed or paid by the Company, then there is
deemed to be paid, or in the case of redemption of any Senior Notes,
correspondingly redeemed, a principal amount of the bonds of this series then
outstanding equal to the principal amount of the Senior Notes so purchased,
redeemed or paid; provided,
however, that such payment or redemption of bonds of this series is
deemed to be made only when and to the extent that notice of such purchase,
redemption or payment of such Senior Notes is given by the Company to the
Trustee.  If and when the Company pays interest, for any given period
of time, on the Senior Notes, there is deemed to be paid an equal amount of
interest on the bonds of this series; provided, however, that such
payment of interest is deemed to be made only when and to the extent that notice
of such payment of interest on such Senior Notes is given by the Company to the
Trustee.

       

      The Trustee may at any time and all times
conclusively assume that the obligation of the Company to make payments with
respect to the principal of and premium, if any, and interest on the bonds of
this series, so far as the payments at the time have become due, has been fully
satisfied and discharged pursuant to the foregoing paragraph unless and until
the Trustee shall have received a written notice from the Senior Note Trustee
signed by one of its Responsible Officers (as defined in the Senior Note
Indenture) stating (i) that timely payment of principal of, or premium, if any,
or interest on, the Senior Notes has not been made, (ii) that the Company is in
arrears as to the payments required to be made by it to the Senior Note Trustee
pursuant to the Senior Note Indenture, and (iii) the amount of the
arrearage.

       

      Notwithstanding anything in the Indenture, the
Supplemental Indenture or this bond to the contrary, this bond shall be deemed
to be paid in full and the Company’s obligation to pay the principal of and
premium, if any, and interest on this bond shall be discharged at such time as
none of the Company’s First Mortgage Bonds, 7.25% Series of 2009 Due 2020, the
terms and provisions of which were established in the Supplemental Indenture,
and no other Bonds of Specified Series (as defined in the Senior Note
Supplemental Indenture) remain outstanding.

       

      In the event that this bond shall be deemed to
be paid or redeemed in full, this bond shall be surrendered to the Trustee for
cancellation.  In the event that this bond is deemed to have been paid

       

       

      
        
          
          

        

        
          12

          
            

          

        

        
          
          

        

      

       

       

      or redeemed in part,
this bond shall be surrendered to the Trustee for cancellation, in which event
the Trustee will cancel this bond and the Company will execute and the Trustee
will authenticate and deliver to the Senior Note Trustee, as such registered
owner, bonds of this series in authorized denominations in the aggregate
principal amount equal to the unpaid balance of the principal amount of this
bond.

       

      The bonds of this series are subject to
mandatory redemption by the Company prior to maturity at 100% of the principal
amount thereof (the “Redemption
Price”), plus interest accrued to the redemption  date, in
whole, upon a redemption date fixed by the Company in a written notice from the
Company to the Trustee and the Senior Note Trustee, which date shall be within
ten (10) days after receipt by the Trustee and the Company of a written demand
for redemption by the Senior Note Trustee, stating that an “Event of Default”
has occurred and is continuing under Section 801 of the Senior Note Indenture
and that, pursuant to Section 802 of the Senior Note Indenture, the principal
amount of the Senior Notes and the interest accrued thereon have been declared
to be due and payable immediately and no less than five (5) days after the date
the aforesaid written notice from the Company to the Trustee and the Senior Note
Trustee is given, payment of the Redemption Price plus interest accrued to the
redemption date to be made upon surrender of the bonds of this series at the
office or agency of the Company in the City of Akron, State of Ohio, or the City
of Cleveland, State of Ohio. The Company shall deposit in trust with a paying
agent, prior to the date of mandatory redemption, an amount of money sufficient
to pay the Redemption Price of all the bonds of this series, including accrued
interest to the redemption date.  Upon deposit of the Redemption Price
and accrued interest to the redemption date with a paying agent, the bonds of
this series will be deemed paid and no longer outstanding whether or not the
bonds of this series have been surrendered for payment.

       

      The principal amount of this bond may be
declared or may become due before the maturity hereof, on the conditions, in the
manner and at the times set forth in the Indenture, upon the happening of a
default as therein defined.

       

      This bond is not transferable except (i) as
required to effect an assignment to a successor Senior Note Trustee under the
Senior Note Indenture or (ii) in compliance with a final order of a court of
competent jurisdiction in connection with any bankruptcy or reorganization
proceeding of the Company.  Subject to the foregoing and to the
limitations provided in the Indenture and the Supplemental Indenture, this bond
is transferable by the registered owner hereof, in person or by duly authorized
attorney, on the books of the Company to be kept for that purpose at the office
or agency of the Company in the Borough of Manhattan, The City of New York, the
City of Akron, State of Ohio, or the City of Cleveland, State of Ohio upon
surrender and cancellation of this bond, and upon presentation of a duly
executed written instrument of transfer, and thereupon a new fully registered
bond or bonds of the same series, of the same aggregate principal amount and in
authorized denominations will be issued to the transferee or transferees in
exchange therefor, as provided in the Indenture.  This bond, with or
without others of the same series, may in like manner be exchanged for one or
more new fully registered bonds of this series of other authorized denominations
but of the same aggregate principal amount.  Upon each such transfer,
exchange and re-exchange, the Company will not require the payment of any
charges, other than for any tax or taxes or other governmental charges
incidental to such transfer or exchange and all subject to the terms and
conditions set forth in the Indenture.  Except as

       

       

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

       

       otherwise
provided herein with respect to the payment of interest, the Company, the
agencies of the Company and the Trustee may deem and treat the person in whose
name this bond is registered as the absolute owner hereof for the purpose of
receiving any payment and for all other purposes.

       

      No recourse under or upon any covenant or
obligation of the Indenture, or of any indenture supplemental thereto, or of
this bond, for the payment of the principal of or the interest on this bond, or
for any claim based thereon, or otherwise in any manner in respect thereof,
shall be had against any incorporator, subscriber to the capital stock,
stockholder, officer or director, as such, of the Company, whether former,
present or future, either directly or indirectly through the Company or any
predecessor or successor corporation or the Trustee, by the enforcement of any
subscription to capital stock, assessment or otherwise, or by any legal or
equitable proceeding by virtue of any constitution, statute, or otherwise
(including, without limiting the generality of the foregoing, any proceeding to
enforce any claimed liability of stockholders of the Company based upon any
theory of disregarding the corporate entity of the Company or upon any theory
that the Company was acting as the agent or instrumentality of the
stockholders), any and all such liability of incorporators, stockholders,
subscribers, officers and directors, as such, being released by the holder
hereof, by the acceptance of this bond, and being likewise waived and released
by the terms of the Indenture.

       

      The bonds of this
series shall be issuable in denominations of $2,000 and integral multiples of
$1,000 thereof.

      

      This bond shall not be valid or become
obligatory for any purpose until the certificate of authentication endorsed
hereon shall have been signed by The Bank of New York Mellon Trust Company,
N.A., or its successor, as Trustee under the Indenture.

       

      [End
of Form of Fully Registered Bonds of 6.15% Series]

       

      Whereas
all conditions and requirements necessary to make this Supplemental Indenture a
valid, legal and binding instrument in accordance with its terms and to make the
Bonds of 7.25% Series and the Bonds of 6.15% Series, when duly executed by the
Company and authenticated and delivered by the Trustee, and duly issued, the
valid, binding and legal obligations of the Company, have been done and
performed, and the execution and delivery of this Supplemental Indenture have
been in all respects duly authorized.

       

      Now,
Therefore, This Supplemental Indenture Witnesseth: That The Toledo Edison
Company, the Company herein named, in consideration of the premises and of One
Dollar ($1.00) to it duly paid by the Trustee at or before the ensealing and
delivery of these presents, the receipt whereof is hereby acknowledged, does
hereby covenant and agree to and with the Trustee and its successors in the
trust under the Indenture, for the benefit of those who shall hold the bonds to
be issued hereunder and thereunder, as hereinafter provided, as
follows:

       

       

       

      
        
          
          

        

        
          14

          
            

          

        

        
          
          

        

      

       

       

      ARTICLE
I

       

       

      Creation and
Description of Bonds of 7.25% Series

       

      Section
1             A
new series of bonds to be issued under and secured by the Indenture is hereby
created, to be designated as First Mortgage Bonds, 7.25% Series of 2009 Due 2020
(such bonds herein referred to as the “Bonds of 7.25%
Series”). The Bonds of 7.25% Series shall be limited to an aggregate
principal amount of $300,000,000, excluding any Bonds of 7.25% Series which may
be authenticated in exchange for or in lieu of or in substitution for or on
transfer of other Bonds of 7.25% Series pursuant to any provisions of the
Indenture or of this Supplemental Indenture.  The Bonds of 7.25%
Series shall be substantially in the form hereinbefore recited and shall be
executed, authenticated and delivered in accordance with the provisions of, and
shall in all respects be subject to, all of the terms, conditions and covenants
of the Indenture.  The Bonds of 7.25% Series shall not be issuable as
global bonds.

       

      Section
2.

       

      (a)           The
Bonds of 7.25% Series shall be dated the date of authentication, shall mature on
May 1, 2020, and shall bear interest at the rate of 7.25% per annum payable
semi-annually on May 1 and November 1 in each year beginning on November 1, 2009
(each such date herein called a “Bonds of 7.25%
Series Interest Payment Date”), and on and until the date of maturity of
the Bonds of 7.25% Series, or, if the Bonds of 7.25% Series are subject to
mandatory redemption as provided for in Section 9 of this Article I, on and
until the redemption date, or if the Company shall default in the payment of the
principal amount of any such Bonds of 7.25% Series, on and until the Company’s
obligation with respect to such principal sum shall be discharged as provided in
the Indenture.  Interest in the Bonds of 7.25% Series shall be
computed on the basis of twelve 30-day months and a 360-day year.

       

      (b)           Except
as hereinafter provided, the Bonds of 7.25% Series shall bear interest (a) from
the Bonds of 7.25% Series Interest Payment Date to which interest has been paid
next preceding the date of the Bonds of 7.25% Series, or (b) if the date of the
Bonds of 7.25% Series is a Bonds of 7.25% Series Interest Payment Date to which
interest has been paid, then from such date, or (c) if no interest has been paid
on the Bonds of 7.25% Series, then from the date of initial issue.

       

      Section
3.              The
Bonds of 7.25% Series shall be payable as to principal, premium, if any, and
interest at an office or the agency of the Company in the City of Akron, State
of Ohio, or the City of Cleveland, State of Ohio (each of which shall be a
“place of payment” for the Bonds of 7.25% Series) as specified in the form of
the Bonds of 7.25% Series hereinbefore recited; and each of principal, premium,
if any, and interest shall be payable in any coin or currency of the United
States of America which at the time of payment shall be legal tender for payment
of public and private debts.

       

      Section
4.            The
Bonds of 7.25% Series shall be issued only as fully registered Bonds in
denominations of $2,000 and integral multiples of $1,000 thereof.

       

       

       

      
        
          
          

        

        
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      Section
5.             The
Bonds of 7.25% Series shall not be transferable except (i) as required to effect
an assignment to a successor Senior Note Trustee under the Senior Note
Indenture, or (ii) in compliance with a final order of a court of competent
jurisdiction in connection with any bankruptcy or reorganization proceeding of
the Company.  Subject to the foregoing, and, in the manner and subject
to the limitations provided in the Original Indenture and herein, the Bonds of
7.25% Series shall be transferable and exchangeable for other Bonds of 7.25%
Series of the same series in the manner and upon the terms set forth in the form
hereinbefore recited and in Section 2.05 of the Original Indenture, but
notwithstanding the provisions of Section 2.08 of the Original Indenture, no
charge shall be made upon any transfer or exchange of the Bonds of 7.25% Series
other than for any tax or taxes or other governmental charge required to be paid
by the Company.

       

      Section  6.             The
Bonds of 7.25% Series shall be registered in the name of the Senior Note Trustee
as security for the payment of principal of and premium, if any, and interest on
the 7.25% Senior Notes.

       

      Section
7.           The interest
payable on any Bonds of 7.25% Series Interest Payment Date shall, subject to
certain exceptions provided in the Indenture, be paid to the person in whose
name any Bonds of 7.25% Series is registered at the close of business on the day
next preceding such Bonds of 7.25% Series Interest Payment Date, or if such day
shall be a day on which banking institutions in the Borough of Manhattan, The
City of New York, the City of Akron, State of Ohio, or the City of Cleveland,
State of Ohio, are authorized to close, the next preceding day which is not a
day on which such institutions are authorized to close, except if and to the
extent the Company shall default in the payment of interest due on such Bonds of
7.25% Series Interest Payment Date, in which case such defaulted interest shall
be paid to the person in whose name such Bonds of 7.25% Series (or any Bond or
Bonds issued, directly or after intermediate transactions, upon transfer or
exchange or in substitution thereof) is registered on the date of payment of
such defaulted interest.

       

      Section
8.              The
Bonds of 7.25% Series may be executed by the Company and delivered to the
Trustee and, upon compliance with all applicable provisions and requirements of
the Original Indenture in respect thereof, shall be authenticated by the Trustee
and delivered (without awaiting the filing or recording of this Supplemental
Indenture) in accordance with the written order or orders of the
Company.

       

      Section
9.              The
Bonds of 7.25% Series are subject to mandatory redemption by the Company prior
to maturity at 100% of the principal amount thereof (the “Bonds of 7.25%
Series Redemption Price”), plus interest accrued to the redemption date,
in whole, upon a redemption date fixed by the Company in a written notice from
the Company to the Trustee and the Senior Note Trustee, which date shall be
within ten (10) days after receipt by the Trustee and the Company of a written
demand for redemption by the Senior Note Trustee, stating that an “Event of
Default” with respect to the 7.25% Senior Notes has occurred and is continuing
under Section 801 of the Senior Note Indenture and that, pursuant to Section 802
of the Senior Note Indenture, the principal amount of the 7.25% Senior Notes and
the interest accrued thereon have been declared to be due and payable
immediately and no less than five (5) days after the date the aforesaid written
notice from the Company to the Trustee and the Senior Note Trustee is given,
payment of the Bonds of 7.25% Series Redemption Price plus interest accrued to
the redemption date to be made upon surrender of the Bonds of 7.25% Series at
the office or agency of the 

       

       

      
        
          
          

        

        
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      Company in the City
of Akron, State of Ohio, or the City of Cleveland, State of Ohio.  The
Company shall deposit in trust with a paying agent, prior to the date of
mandatory redemption, an amount of money sufficient to pay the Bonds of 7.25%
Series Redemption Price of all the Bonds of 7.25% Series, including accrued
interest to the redemption date.  Upon deposit of the Bonds of 7.25%
Series Redemption Price and accrued interest to the redemption date with a
paying agent, the Bonds of 7.25% Series will be deemed paid and no longer
outstanding whether or not the Bonds of 7.25% Series have been surrendered for
payment.

      

      Section
10.             Payment
Deemed Made of Bonds of 7.25% Series

       

      (a)           If
and when any 7.25% Senior Notes are purchased by the Company and surrendered to
the Senior Note Trustee for cancellation or the principal of any 7.25% Senior
Notes is redeemed or paid by the Company, then there is deemed to be paid, or in
the case of redemption of any 7.25% Senior Notes, correspondingly redeemed, a
principal amount of the Bonds of 7.25% Series then outstanding equal to the
principal amount of the 7.25% Senior Notes so purchased, redeemed or paid; provided, however, that such
payment or redemption of Bonds of 7.25% Series is deemed to be made only when
and to the extent that notice of such purchase, redemption or payment of such
7.25% Senior Notes is given by the Company to the Trustee.  If and
when the Company pays interest, for any given period of time, on the 7.25%
Senior Notes, there is deemed to be paid an equal amount of interest on the
Bonds of 7.25% Series; provided, however, that such
payment of interest is deemed to be made only when and to the extent that notice
of such payment of interest on such 7.25% Senior Notes is given by the Company
to the Trustee.

       

      (b)           The
Trustee may at any time and all times conclusively assume that the obligation of
the Company to make payments with respect to the principal of and premium, if
any, and interest on the Bonds of 7.25% Series, so far as the payments at the
time have become due, has been fully satisfied and discharged pursuant to
Section 10(a) of this Article I unless and until the Trustee shall have received
a written notice from the Senior Note Trustee signed by one of its Responsible
Officers (as defined in the Senior Note Indenture) stating (i) that timely
payment of principal of, or premium, if any, or interest on, the 7.25% Senior
Notes has not been made, (ii) that the Company is in arrears as to the payments
required to be made by it to the Senior Note Trustee pursuant to the Senior Note
Indenture, and (iii) the amount of the arrearage.

       

      (c)           In
the event that the Bonds of 7.25% Series shall be deemed to be paid or redeemed
in full, the Bonds of 7.25% Series shall be surrendered to the Trustee for
cancellation.  In the event that part of a Bond of 7.25% Series shall
be deemed to have been paid or redeemed, such Bond of 7.25% Series shall be
surrendered to the Trustee for cancellation, in which event the Trustee shall
cancel such Bond and the Company shall execute and the Trustee shall
authenticate and deliver to the Senior Note Trustee, as such registered owner,
Bonds of 7.25% Series in authorized denominations in the aggregate principal
amount equal to the unpaid balance of the principal amount of such
Bond.

       

       

       

      
        
          
          

        

        
          17

          
            

          

        

        
          
          

        

      

       

       

      ARTICLE
II

       

      Creation and
Description of Bonds of 6.15% Series

       

      Section
1.                A
new series of bonds to be issued under and secured by the Indenture is hereby
created, to be designated as First Mortgage Bonds, 6.15% Series of 2009 Due 2037
(such bonds herein referred to as the “Bonds of 6.15%
Series”). The Bonds of 6.15% Series shall be limited to an aggregate
principal amount of $300,000,000, excluding any Bonds of 6.15% Series which may
be authenticated in exchange for or in lieu of or in substitution for or on
transfer of other Bonds of 6.15% Series pursuant to any provisions of the
Indenture or of this Supplemental Indenture.  The Bonds of 6.15%
Series shall be substantially in the form hereinbefore recited and shall be
executed, authenticated and delivered in accordance with the provisions of, and
shall in all respects be subject to, all of the terms, conditions and covenants
of the Indenture.  The Bonds of 6.15% Series shall not be issuable as
global bonds.

       

      Section
2.

       

      (a)           The
Bonds of 6.15% Series shall be dated the date of authentication, shall mature on
May 15, 2037, and shall bear interest at the rate of 6.15% per annum payable
semi-annually on May 15 and November 15 in each year beginning on May 15, 2009
(each such date herein called a “Bonds of 6.15%
Series Interest Payment Date”), and on and until the date of maturity of
the Bonds of 6.15% Series, or, if the Bonds of 6.15% Series are subject to
mandatory redemption as provided for in Section 9 of this Article II, on and
until the redemption date, or if the Company shall default in the payment of the
principal amount of any such Bonds of 6.15% Series, on and until the Company’s
obligation with respect to such principal sum shall be discharged as provided in
the Indenture.  Interest in the Bonds of 6.15% Series shall be
computed on the basis of twelve 30-day months and a 360-day year.

       

      (b)           Except
as hereinafter provided, the Bonds of 6.15% Series shall bear interest (a) from
the Bonds of 6.15% Series Interest Payment Date to which interest has been paid
next preceding the date of the Bonds of 6.15% Series, or (b) if the date of the
Bonds of 6.15% Series is a Bonds of 6.15% Series Interest Payment Date to which
interest has been paid, then from such date, or (c) if no interest has been paid
on the Bonds of 6.15% Series, then from the date of initial issue.

       

      Section
3.            The
Bonds of 6.15% Series shall be payable as to principal, premium, if any, and
interest at an office or the agency of the Company in the City of Akron, State
of Ohio, or the City of Cleveland, State of Ohio (each of which shall be a
“place of payment” for the Bonds of 6.15% Series) as specified in the form of
the Bonds of 6.15% Series hereinbefore recited; and each of principal, premium,
if any, and interest shall be payable in any coin or currency of the United
States of America which at the time of payment shall be legal tender for payment
of public and private debts.

       

      Section
4.           The Bonds of
6.15% Series shall be issued only as fully registered Bonds in denominations of
$2,000 and integral multiples of $1,000 thereof.

       

       

       

      
        
          
          

        

        
          18

          
            

          

        

        
          
          

        

      

       

       

      Section
5.             The
Bonds of 6.15% Series shall not be transferable except (i) as required to effect
an assignment to a successor Senior Note Trustee under the Senior Note
Indenture, or (ii) in compliance with a final order of a court of competent
jurisdiction in connection with any bankruptcy or reorganization proceeding of
the Company.  Subject to the foregoing, and, in the manner and subject
to the limitations provided in the Original Indenture and herein, the Bonds of
6.15% Series shall be transferable and exchangeable for other Bonds of 6.15%
Series of the same series in the manner and upon the terms set forth in the form
hereinbefore recited and in Section 2.05 of the Original Indenture, but
notwithstanding the provisions of Section 2.08 of the Original Indenture, no
charge shall be made upon any transfer or exchange of the Bonds of 6.15% Series
other than for any tax or taxes or other governmental charge required to be paid
by the Company.

       

      Section
6.              The
Bonds of 6.15% Series shall be registered in the name of the Senior Note Trustee
as security for the payment of principal of and premium, if any, and interest on
the 6.15% Senior Notes.

       

      Section
7.            The
interest payable on any Bonds of 6.15% Series Interest Payment Date shall,
subject to certain exceptions provided in the Indenture, be paid to the person
in whose name any Bonds of 6.15% Series is registered at the close of business
on the day next preceding such Bonds of 6.15% Series Interest Payment Date, or
if such day shall be a day on which banking institutions in the Borough of
Manhattan, The City of New York, the City of Akron, State of Ohio, or the City
of Cleveland, State of Ohio, are authorized to close, the next preceding day
which is not a day on which such institutions are authorized to close, except if
and to the extent the Company shall default in the payment of interest due on
such Bonds of 6.15% Series Interest Payment Date, in which case such defaulted
interest shall be paid to the person in whose name such Bonds of 6.15% Series
(or any Bond or Bonds issued, directly or after intermediate transactions, upon
transfer or exchange or in substitution thereof) is registered on the date of
payment of such defaulted interest.

       

      Section
8.             The
Bonds of 6.15% Series may be executed by the Company and delivered to the
Trustee and, upon compliance with all applicable provisions and requirements of
the Original Indenture in respect thereof, shall be authenticated by the Trustee
and delivered (without awaiting the filing or recording of this Supplemental
Indenture) in accordance with the written order or orders of the
Company.

       

      Section
9.             The
Bonds of 6.15% Series are subject to mandatory redemption by the Company prior
to maturity at 100% of the principal amount thereof (the “Bonds of 6.15%
Series Redemption Price”), plus interest accrued to the redemption date,
in whole, upon a redemption date fixed by the Company in a written notice from
the Company to the Trustee and the Senior Note Trustee, which date shall be
within ten (10) days after receipt by the Trustee and the Company of a written
demand for redemption by the Senior Note Trustee, stating that an “Event of
Default” with respect to the 6.15% Senior Notes has occurred and is continuing
under Section 801 of the Senior Note Indenture and that, pursuant to Section 802
of the Senior Note Indenture, the principal amount of the 6.15% Senior Notes and
the interest accrued thereon have been declared to be due and payable
immediately and no less than five (5) days after the date the aforesaid written
notice from the Company to the Trustee and the Senior Note Trustee is given,
payment of the Bonds of 6.15% Series Redemption Price plus interest accrued to
the redemption date to be made upon surrender of the Bonds of the 6.15% Series
at the office or agency of the

       

       

      
        
          
          

        

        
          19

          
            

          

        

        
          
          

        

      

       

       

       Company in the City
of Akron, State of Ohio, or the City of Cleveland, State of Ohio.  The
Company shall deposit in trust with a paying agent, prior to the date of
mandatory redemption, an amount of money sufficient to pay the Bonds of 6.15%
Series Redemption Price of all the Bonds of 6.15% Series, including accrued
interest to the redemption date.  Upon deposit of the Bonds of 6.15%
Series Redemption Price and accrued interest to the redemption date with a
paying agent, the Bonds of 6.15% Series will be deemed paid and no longer
outstanding whether or not the Bonds of 6.15% Series have been surrendered for
payment.

       

      Section
10.          Payment Deemed
Made of Bonds of 6.15% Series

       

      (a)           If
and when any 6.15% Senior Notes are purchased by the Company and surrendered to
the Senior Note Trustee for cancellation or the principal of any 6.15% Senior
Notes is redeemed or paid by the Company, then there is deemed to be paid, or in
the case of redemption of any 6.15% Senior Notes, correspondingly redeemed, a
principal amount of the Bonds of 6.15% Series then outstanding equal to the
principal amount of the 6.15% Senior Notes so purchased, redeemed or paid; provided, however, that such
payment or redemption of Bonds of 6.15% Series is deemed to be made only when
and to the extent that notice of such purchase, redemption or payment of
such 6.15% Senior Notes is given by the Company to the
Trustee.  If and when the Company pays interest, for any given period
of time, on the 6.15% Senior Notes, there is deemed to be paid an equal amount
of interest on the Bonds of 6.15% Series; provided, however, that such payment of
interest is deemed to be made only when and to the extent that notice of such
payment of interest on such 6.15% Senior Notes is given by the Company to the
Trustee.

       

      (b)           The
Trustee may at any time and all times conclusively assume that the obligation of
the Company to make payments with respect to the principal of and premium, if
any, and interest on the Bonds of 6.15% Series, so far as the payments at the
time have become due, has been fully satisfied and discharged pursuant to
Section 10(a) of this Article II unless and until the Trustee shall have
received a written notice from the Senior Note Trustee signed by one of its
Responsible Officers (as defined in the Senior Note Indenture) stating (i) that
timely payment of principal of, or premium, if any, or interest on, the
6.15% Senior Notes has not been made, (ii) that the Company is in arrears as to
the payments required to be made by it to the Senior Note Trustee pursuant to
the Senior Note Indenture, and (iii) the amount of the arrearage.

       

      (c)           Notwithstanding
anything provided in the Indenture or the form of the Bonds of 6.15% Series
hereinbefore recited to the contrary, the Bonds of 6.15% Series shall be deemed
to be paid in full and the Company’s obligation to pay the principal of and
premium, if any, and interest on the Bonds of 6.15% Series shall be discharged
at such time as none of the Bonds of 7.25% Series, the terms and provisions of
which were established in this Supplemental Indenture, and no other Bonds of
Specified Series (as defined in the Senior Note Supplemental Indenture referred
to in such Bonds of 6.15% Series) remain outstanding.

       

      (d)           In
the event that the Bonds of 6.15% Series shall be deemed to be paid or redeemed
in full, the Bonds of 6.15% Series shall be surrendered to the Trustee for
cancellation.  In the event that part of a Bond of 6.15% Series shall
be deemed to have been paid or redeemed, such Bond of 6.15% Series shall be
surrendered to the Trustee for cancellation, in which event the Trustee shall
cancel such Bond and the Company shall execute and the Trustee shall

       

       

      
        
          
          

        

        
          20

          
            

          

        

        
          
          

        

      

       

      authenticate and
deliver to the Senior Note Trustee, as such registered owner, Bonds of 6.15%
Series in authorized denominations in the aggregate principal amount equal to
the unpaid balance of the principal amount of such Bond.

       

       

      ARTICLE
III

       

      The
Trustee

       

      Section
1.            The
Trustee accepts the trusts created by this Supplemental Indenture upon the terms
and conditions in the Original Indenture and in this Supplemental Indenture set
forth.  The Trustee shall not be responsible in any manner whatsoever
for or in respect of the validity or sufficiency of this Supplemental Indenture
or for or in respect of the recitals contained herein, all of which recitals are
made by the Company solely.  Each and every term and condition
contained in Article 13 of the Original Indenture shall apply to this
Supplemental Indenture with the same force and effect as if the same were herein
set forth in full, with such omissions, variations and modifications thereof as
may be appropriate to make the same conform to this Supplemental
Indenture.

      

      Section
2.           The Company
shall cause any agency of the Company, other than the Trustee, which it may
appoint from time to time to act as such agency in respect of the Bonds of 7.25%
Series or the Bonds of 6.15% Series, to execute and deliver to the Trustee an
instrument in which such agency shall:

       

      (a)           Agree
to keep and maintain, and furnish to the Trustee from time to time as reasonably
requested by the Trustee, appropriate records of all transactions carried out by
it as such agency and to furnish the Trustee such other information and reports
as the Trustee may reasonably require;

       

      (b)           Certify
that it is eligible for appointment as such agency and agree to notify the
Trustee promptly if it shall cease to be so eligible; and

       

      (c)           Agree
to indemnify the Trustee, in a manner satisfactory to the Trustee, against any
loss, liability or expense incurred by, and defend any claim asserted against,
the Trustee by reason of any acts or failures to act as such agency, except for
any liability resulting from any action taken by it at the specific direction of
the Trustee;

       

      provided, however, that the
Company, in lieu of causing any such agency to furnish such an instrument, may
make such other arrangements with the Trustee in respect of any such agency as
shall be satisfactory to the Trustee.

       

      Section
3.         The Trustee shall advise
the Company in writing of the receipt of any demand provided for pursuant to the
mandatory redemption provisions contained in the form of the Bonds of 7.25%
Series and the form of the Bonds of 6.15% Series hereinabove set forth and in
Section 9 of Article I and Section 9 of Article II of this Supplemental
Indenture, respectively.

       

       

      
        
          
          

        

        
          21

          
            

          

        

        
          
          

        

      

       

       

      ARTICLE
IV

       

       

      Miscellaneous
Provisions

       

      Section
1.             The
Original Indenture, as heretofore amended and supplemented, is in all respects
ratified and confirmed, and the Original Indenture, this Supplemental Indenture
and all other indentures supplemental to the Original Indenture shall be read,
taken and construed as one and the same instrument.  Neither the
execution of this Supplemental Indenture nor anything herein contained shall be
construed to impair the lien of the Indenture on any of the property subject
thereto, and such lien shall remain in full force and effect as security for all
bonds now outstanding or hereafter issued under the Indenture.  All
covenants and provisions of the Original Indenture, except as modified by this
Supplemental Indenture and all other indentures supplemental to the Original
Indenture, shall continue in full force and effect for the respective periods of
time therein specified, and this Supplemental Indenture shall form part of the
Indenture.  All terms defined in Article 1 of the Original Indenture
shall, for all purposes of this Supplemental Indenture, have the meanings in
said Article 1 specified, except as modified by this Supplemental Indenture and
all other indentures supplemental to the Original Indenture and unless the
context otherwise requires.

       

      Section
2.          This Supplemental
Indenture may be simultaneously executed in any number of counterparts, and all
said counterparts executed and delivered, each as an original, shall constitute
but one and the same instrument.

       

      
        
           

        

        
          22

          
            

          

        

        
           

        

      

      In Witness
Whereof, The Toledo Edison Company has caused its corporate name to be
hereunto affixed and this instrument to be signed by its President or a Vice
President and The Bank of New York Mellon Trust Company, N.A., as Trustee, in
evidence of its acceptance of the trust hereby created, has caused its corporate
name to be hereunto affixed and this instrument to be signed by its President or
a Vice President, all as of the day and year first above written.

       

      

      

      

      

      
        	
                 
      

              	
                THE TOLEDO
      EDISON COMPANY

              

      

      

      

      
        	
                                                                                                                By:

              	
                /s/ James F.
      Pearson

              	 

      

      
        	
                 
      

              	
                James F.
      Pearson, Vice President and
Treasurer

              

      

      

      

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      
        	
                 
      

              	
                THE BANK OF
      NEW YORK MELLON TRUST COMPANY,
      N.A.,                  AS
      TRUSTEE

              

      

      

      

      
        	
                                                                                                               
      By:

              	
                /s/ Lisa J.
      Jennings

              	 

      

      
        	
                 
      

              	
                Lisa J.
      Jennings, Vice President

              

      

      

      

      

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      State of
Ohio                     
)

                                                    )ss.:

      County of
Summit             
)

       

      On this ___ day of
April, 2009, before me personally appeared James F. Pearson to me personally
known, who being by me severally duly sworn, did say that he is a Vice President
and Treasurer of The Toledo Edison Company and that said instrument was signed
in behalf of said corporation by authority of its Board of Directors; and said
officer acknowledged said instrument to be the free act and deed of said
corporation.

       

      

            __________________________________,
Notary Public

          Commission
Expires _____________________________                                                     

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      State
of
Ohio                
 )

                                                    )ss.:

      County
of Cuyahoga    )

       

      On this ___ day of
April, 2009, before me personally appeared Lisa J. Jennings to me personally
known, who being by me severally duly sworn, did say that she is a Vice
President of The Bank of New York Mellon Trust Company, N.A. and that said
instrument was signed and sealed in behalf of said corporation by authority of
its Board of Directors; and said officer severally acknowledged said instrument
to be the free act and deed of said corporation.

       

      

      __________________________________ ,
Notary Public

      Commission
Expires____________________                                                      

      

       

      

      

       

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      This instrument was
prepared by:

       

      Lucas F.
Torres

      Akin Gump Strauss
Hauer & Feld LLP

      One
Bryant Park

      New
York, New York 10036

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