EXHIBIT B-1(a)
AMENDMENT NO. 1
TO MASTER FACILITY LEASE
AMENDMENT, dated as of October 13, 2005, to the Master Facility Lease,
dated as of January 1, 2001 (the "Master Lease"), between OHIO EDISON COMPANY,
and Ohio corporation (the "OE Lessor"), PENNSYLVANIA POWER COMPANY, a
Pennsylvania corporation (the "PP Lessor"), THE CLEVELAND ELECTRIC ILLUMINATING
COMPANY, an Ohio corporation (the "CEI Lessor"), THE TOLEDO EDISON COMPANY, an
Ohio corporation (the "XX Xxxxxx") (collectively, the "Lessors" and each, a
"Lessor") and FIRSTENERGY GENERATION CORP., an Ohio Corporation (the "Lessee").
WITNESSETH:
WHEREAS, the Lessors and the Lessee are parties to the Master Lease; and
WHEREAS, the parties desire to amend the Master Lease to correct an
inadvertent error in the calculation of the purchase price of the Mansfield 2
Generating Unit as reflected on Exhibit C to the Master Lease.
NOW, THEREFORE, the parties hereto hereby agree as follows:
1. Amendment of Exhibit C. Exhibit C to the Master Lease is hereby amended
and restated in its entirety as attached hereto.
2. Effective Time of Amendment. The Master Lease shall be deemed to have
been amended by this Amendment effective as of the time of the execution and
delivery of this Amendment.
3. Defined Terms. Capitalized terms used herein and not otherwise defined
are used in this Amendment as used or defined in the Master Lease.
4. Agreement Remains in Force. Except as expressly set forth in this
Amendment, the Master Lease remains unmodified and in full force and effect.
5. Governing Law. This Amendment shall be governed by and construed in
accordance with the law of the State of Ohio.
6. Counterparts. This Amendment may be executed in any number of
counterparts and by each of the parties hereto or thereto on separate
counterparts, all of such counterparts together constituting but one and the
same instrument.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed as of the day and year first above written.
FIRSTENERGY GENERATION CORP.
By: /s/ Xxxxx X. Xxxxxxxxx
----------------------
Name:
Title:
OHIO EDISON COMPANY
By: /s/ Xxxxx X. Xxxxxxxxx
----------------------
Name:
Title:
PENNSYLVANIA POWER COMPANY
By: /s/ Xxxxx X. Xxxxxxxxx
----------------------
Name:
Title:
THE CLEVELAND ELECTRIC ILLUMINATING
COMPANY
By: /s/ Xxxxx X. Xxxxxxxxx
----------------------
Name:
Title:
THE TOLEDO EDISON COMPANY
By: /s/ Xxxxx X. Xxxxxxxxx
----------------------
Name:
Title:
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Exhibit C
THE CLEVELAND ELECTRIC ILLUMINATING COMPANY, LESSOR
FirstEnergy Generation Corp., Lessee
Semmiannual Purchase
Generating Rent Price
Ashtabula C - 100% $ 266,200. $ 4,000,000.
Ashtabula 5 - 100% 1,663,750. 25,000,000.
Eastlake 1 - 100% 865,150. 13,000,000.
Eastlake 2 - 100% 798,600. 12,000,000.
Eastlake 3 - 100% 865,150. 13,000,000.
Eastlake 4 - 100% 1,650,937. 24,807,472.
Eastlake 5 - 100% 8,497,923. 127,692,304.
Lakeshore 18 - 100% 1,611,672. 24,217,463.
Mansfield 2 - 1.68% 93,150. 6,000,000.
Xxxxxx 7 - 31.2% 3,711,091. 55,763,957.
Seneca - 100% 5,719,694. 85,945,809.
Eastlake Peaking 77,546. 1,165,228.
Lakeshore Peaking 92. 1,387.
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Total Semiannual Rent $ 25,820,955.
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