Contract
DMSLIBRARY01\29330930.v4
NOTICE OF BORROWER SUBLIMIT REDUCTION
NEGATIVE CONSENT
Dated as of August 30, 2016
To the Lenders party to the Credit Agreement
and the Administrative Agent referred to below
Ladies and Gentlemen:
Reference is made to the Credit Agreement, dated as of June 17, 2011 and as amended as
of October 3, 2011, May 8, 2012, May 8, 2013, October 31, 2013 and March 31, 2014 (the
“March 2014 Amendment”) (as so amended, the “Credit Agreement”), among FirstEnergy
Solutions Corp. and Allegheny Energy Supply Company, LLC, as the Borrowers, JPMorgan
Chase Bank, N.A., as Administrative Agent for the Lenders thereunder, the fronting banks party
thereto, the swing line lenders party thereto and the Lenders party thereto. Capitalized terms
used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement.
In connection with the March Amendment the aggregate Commitments under the Credit
Agreement were reduced to $1,500,000,000. The Borrowers have determined to reduce the
Borrower Sublimits in an amount that is ratable to the commitment reduction in the March 2014
Amendment such that the Borrower Sublimit for FES is $900,000,000 and the Borrower
Sublimit for Allegheny is $600,000,000 (collectively, the “Sublimit Reduction”).
XX Xxxxxx Xxxxx Bank, N.A., in its capacity as a Lender and the Administrative Agent,
is supportive of the Sublimit Reduction. Unless you contact Xxxxxx Xxx of X.X. Xxxxxx at (000)
000-0000 or xxxxxx.xxx@xxxxxxxx.xxx by 5:00 p.m. (EDT) on September 6, 2016 indicating that
you are not in support of the Sublimit Reduction your approval of the Sublimit Reduction will be
deemed to be delivered and effective as of the date first above written.
This agreement shall constitute a Loan Document under the Credit Agreement. The
Administrative Agent does not intend to establish any course of dealing by seeking consent in
this manner.
Thank you for your attention to this matter.
Exhibit 10.1