EX-4.24 2 dex424.htm EXHIBIT 4.24(K) Exhibit 4.24(k)

Exhibit 4.24 (k)

 

This Instrument Prepared By:
/s/ Nina J. Hertz
Nina J. Hertz

Delmarva Power & Light Company

800 King Street

Wilmington, DE 19801

 

 

 

DELMARVA POWER & LIGHT COMPANY

TO

THE CHASE MANHATTAN BANK

(formerly known as Chemical Bank),

Trustee.

 

 

NINETY-FIFTH SUPPLEMENTAL

INDENTURE

 

 

Dated as of January 1, 2000

(but executed on the dates shown on the execution page)

 

 

This NINETY-FIFTH SUPPLEMENTAL INDENTURE, dated as of the first day of January, 2000 (but executed on the dates hereinafter shown), made and entered into by and between DELMARVA POWER & LIGHT COMPANY, a corporation of the State of Delaware and the Commonwealth of Virginia, hereinafter called the Company and THE CHASE MANHATTAN BANK (formerly known as Chemical Bank), a corporation of the State of New York, hereinafter called the Trustee;

WITNESSETH:

WHEREAS, the Company heretofore executed and delivered its Indenture of Mortgage and Deed of Trust (hereinafter in this Ninety-Fifth Supplemental Indenture called the “Original Indenture”), dated as of October 1, 1943, to The New York Trust Company, a corporation of the State of New York, as Trustee, to which The Chase Manhattan Bank is successor Trustee, to secure the First Mortgage Bonds of the Company, unlimited in aggregate principal amount and issuable in series, from time to time, in the manner and subject to the conditions set forth in the Original Indenture granted and conveyed unto the Trustee, upon the trusts, uses and purposes specifically therein set forth, certain real estate, franchises and other property therein described, including property acquired after the date thereof, except as therein otherwise provided; and

WHEREAS, by ninety four indentures supplemental to said Original Indenture dated as of October 1, 1943, of which ninety four supplemental indentures the Ninety Fourth Supplemental Indenture is dated as of January 1, 1999, the Original Indenture has been modified and supplemented (hereinafter, as so supplemented and amended, called the “Indenture”); and

WHEREAS, the execution and delivery of this Ninety-Fifth Supplemental Indenture has been duly authorized by the Board of Directors of the Company by Unanimous Written Consent and passed according to law, and all conditions and requirements necessary to make this Ninety-Fifth Supplemental Indenture a valid, binding and legal instrument in accordance with its terms, for the purposes herein expressed, and the execution and delivery hereof, have been in all respects duly authorized; and

WHEREAS, Article IX, Section 9.03(a) permits the release of property pledged hereunder by substituting cash and Article IX, Section 9.06 permits the release of cash collateral on the basis of certain bondable property additions or on the basis of bonds which have been retired;

WHEREAS, Article IX, Section 9.07 permits the release of purchase money obligations pledged hereunder by payment in cash of the unpaid portion of such obligations and Article IX, Section 9.06 permits the release of cash collateral on the basis of certain bondable property additions or on the basis of bonds which have been retired;

WHEREAS, for the simplification of administration of the trusts created under the Indenture the Company desires to amend the Indenture to permit the accomplishment in one step of what now requires two successive steps;

WHEREAS, it is provided in and by the Original Indenture under Article XVII, Section 17.01 that the Company when authorized by a resolution of its Board of Directors, and the Trustee may at any time enter into an indenture or indentures supplemental thereto (which shall

 

2

not contain any provisions which are in conflict with the Trust Indenture Act of 1939 as then in effect) without the consent of the holders of any outstanding bonds, for the purpose of curing any ambiguity or correcting or supplementing any provision contained therein or in any supplemental indenture which may be defective or inconsistent with any other provision contained therein or in any supplemental indenture, or to make such other provisions in regard to matters or questions arising under the Original Indenture as long as such indenture or indentures are not inconsistent with the provisions of the Original Indenture and do not adversely affect the interests of the holders of the bonds; and

WHEREAS, the Company, by appropriate corporate action pursuant to Article XVII, Section 17.01(e) and in conformity with the terms of the Original Indenture, has duly determined to amend Article IX, Section 9.03 and Article IX, Section 9.07; and

WHEREAS, the amendments contained herein are permitted under the provisions of Article XVII, Section 17.01;

WHEREAS, it is provided in and by the Original Indenture, inter alia, as follows:

“IT IS HEREBY AGREED by the Company that all the property, rights and franchises acquired by the Company after the date hereof (except any hereinbefore or hereinafter expressly excepted) shall (subject to the provisions of Section 9.01 hereof and to the extent permitted by law) be as fully embraced within the lien hereof as if such property, rights and franchises were now owned by the Company and/or specifically described herein and conveyed hereby;”

and

WHEREAS, the Company has acquired certain other property, real, personal and mixed, which heretofore has not been specifically conveyed to the Trustee;

NOW THEREFORE, this NINETY-FIFTH SUPPLEMENTAL INDENTURE WITNESETH that for and in consideration of the premises and in pursuance of the provisions of the Indenture:

A. The Company and the Trustee hereby agree that the Original Indenture is hereby amended pursuant to the provisions of Section 17.01(e) thereof as follows:

No. 1 — Article IX, Section 9.03 is amended by inserting the following subsections directly after subsection (d):

“(e) the amount of bondable value of property additions which the Company elects to make the basis of a release under this Section; and

(f) the principal amount of bonds authenticated and delivered hereunder which might then be made the basis for the authentication and delivery of bonds under the provisions of Section 4.05 hereof and which the Company elects to make the basis of a release under this Section in lieu of the right of the Company to the authentication and delivery of bonds on such basis;”

 

3

No. 2 — Article IX, Section 9.03, the clause labeled “(9)” is amended by deleting the word “and” that appears at its end.

No. 3 — Article IX, Section 9.03, subparagraph (iv) of the clause labeled “(10)” is amended by deleting the period at the end thereof and inserting in its place the following: “, and”

No. 4 — Article IX, Section 9.03 is amended by inserting the following directly after subparagraph (iv) of the clause labeled “(10)”:

 

  “(11) if the release is applied for in whole or in part upon the basis of bonds authenticated and delivered hereunder which might then be made the basis for the authentication and delivery of bonds under the provisions of Section 4.05 hereof, in accordance with Section 9.03(f) hereof, the Company shall comply with the provisions of Section 4.05 hereof (except the provisions therein relating to Section 4.07 thereof).”

No. 5 — Article IX, Section 9.07 is amended by deleting the first sentence in the second paragraph thereof and inserting in its place the following language:

“Any purchase money obligations, obligations of a governmental body or agency and any other evidences of indebtedness (other than indebtedness of a Subsidiary and prior lien bonds), held by the Trustee, may be released by the Trustee from the lien of this Indenture either (i) upon payment to the Trustee of cash in the amount of the unpaid portion of such obligations or evidences of indebtedness to be released, or (ii) by the Company’s election to use bondable value of property additions in an amount equal to the unpaid portion of such obligations or evidences of indebtedness to be released or (iii) by the Company’s election to use, as the basis for release hereunder, the principal amount of bonds authenticated and delivered hereunder which might then be made the basis for the authentication and delivery of bonds under the provisions of Section 4.05 hereof in lieu of the right of the Company to the authentication and delivery of bonds on such basis; provided that, in case the release is applied for in whole or in part upon the basis of bonds authenticated and delivered hereunder which might then be made the basis for the authentication and delivery of bonds under the provisions of Section 4.05, the Company shall comply with the provisions of Section 4.05, except the provisions therein relating to Section 4.07 hereof “

B. The Company by these presents does hereby grant, bargain, sell, release, convey, assign, transfer, mortgage, pledge, set over and confirm unto the Trustee and to its successors in the trust in the Indenture created, to its and their assigns forever, all the following described properties of the Company, and does confirm that the Company will not cause or consent to a partition, either voluntary or through legal proceedings, of property, whether herein described or heretofore or hereafter acquire, in which its ownership shall be as tenant in common, except as permitted by, and in conformity with, the provisions of the Indenture and particularly of Article IX thereof:

 

4

All the coal of the Upper Freeport of “E” seam or vein of coal in and underlying that certain tract situate in South Bend Township, Armstrong County, Pennsylvania bounded and described as follows:

BEGINNING at a red oak corner said corner being the southeast corner of the original tract of coal known as the Henderson Heirs Tract thence along coal lands now or formerly owned by the Strong Coal Company North 77° 30’ West a distance of 113.267 feet to a point; thence through lands of which this was a part North 13° 02’ 59” East a distance of 243.426 feet to a point on line of the Henderson Heirs Tract and coal now or formerly owned by the Strong Coal Company; thence through the Henderson Heirs Tract of which this was a part North 40° 34’ 30” West a distance of 984.966 feet to a point on line; thence along said line between Henderson Heirs and Strong Coal Company South 77° 30’ East a distance of 687.366 feet to a point; thence along same the following two courses and distances: South 15° 00’ West a distance of 340.00 feet to a point; South 12° 00’ East a distance of 544.50 feet to a red oak corner, the place of beginning.

CONTAINING 4.49 acres,

And being a portion of the coal under Tax Map Number 204.00-06-25.

BEING part of the same coal tract described in Deed to Grantor from T.J.S. Mining, Inc. In deed dated February 23, 1999, and recorded in Armstrong County Deed Book Volume 1941, Page 160.

TO HAVE AND TO HOLD, the same with all and singular appurtenances, unto the said Grantee, its successors and assigns, to and for the only proper use and behoof of the said Grantee, its successors and assigns, forever.

Together with all other property, real, personal and mixed, tangible and intangible (except such property as in said Indenture expressly excepted from the lien and operation thereof), acquired by the Company on or prior to December 31, 1999, and not heretofore specifically subjected to the lien of the Indenture.

Also without limitation of the generality of the foregoing, the easements and rights-of-way and other rights in or not used in connection with the Company’s operations, which are conveyed to the Company and recorded in the following Real Property Deed Record to which reference is made for a more particular description, to wit:

State and County

DELAWARE

New Castle

 

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
11/16/98   2598   281   11/17/98   2598   279
11/20/98   2543   0200   12/02/98   2548   0334
12/02/98   2548   0332   10/29/98   2598   277
12/04/98   2598   275   12/28/98   2590   232

 

5

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
12/14/98   2603   233   12/14/98   2603   235
12/14/98   2603   237   12/14/98   2603   239
12/15/98   2603   224   01/25/99   2604   287
12/30/98   2590   230   01/20/99   2590   234
01/22/99   2590   236   12/14/98   2603   231
02/01/99   2604   256   02/05/99   2604   267
02/03/99   2635   0321   03/15/99   2635   0331
02/09/99   2604   269   02/15/99   2604   254
03/02/99   2615   326   03/07/99   2615   328
03/12/99   2615   330   03/10/99   2652   0109
03/15/99   2652   0118   04/02/99   2652   0114
03/22/99   2635   0319   03/25/99   2635   0329
03/30/99   2635   0327   03/31/99   2640   0321
04/12/99   2635   0325   04/13/99   2635   0323
04/21/99   2652   0122   04/26/99   2652   0120
04/26/99   2652   0103   04/27/99   2652   0126
05/03/99   2652   0106   09/14/98   2680   0223
05/17/99   2671   0075   06/11/99   2671   0077
06/02/99   2671   0073   07/31/99   2698   0299
06/16/99   2680   0226   10/05/99   2736   0347
08/24/99   2737   0001   11/19/99   2754   0132
10/26/99   2751   0326   04/19/99   2635   0333
12/01/99   2756   0246      

State and County

DELAWARE

Kent

 

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
01/22/99   302   211      

State and County

DELAWARE

Sussex

 

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
09/04/98   2360   39   09/04/98   2360   41
09/14/98   2360   43   10/02/98   2360   35
09/16/98   2339   229   10/19/98   2339   231
10/05/98   2346   147   10/30/98   2346   149
10/19/98   2339   233   10/19/98   2339   235
10/19/98   2339   237   10/19/98   2339   239

 

6

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
10/22/98   2339   227   10/23/98   2339   225
11/09/98   2360   37   11/16/98   2360   31
11/25/98   2360   33   11/25/98   2360   27
11/29/98   2360   29   01/15/99   2360   156
01/22/99   2371   205   02/01/99   2371   215
02/01/99   2371   213   02/05/99   2371   202
02/05/99   2371   211   02/10/99   2374   083
02/10/99   2374   083   03/15/99   2374   079
03/15/99   2374   079   04/12/99   2374   081
03/31/99   2416   041   09/07/99   02436   120
04/12/99   2374   081   03/19/99   2416   043

State and County

MARYLAND

Caroline

 

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
08/18/98   349   772   10/02/98   354   920
11/16/98   354   916   01/13/99   354   888
11/18/98   354   912   11/18/98   354   914
04/23/99   366   827   04/23/99   366   829
07/04/99   369   199   11/01/99   376   256
11/18/99   377   226   11/23/99   377   223

State and County

MARYLAND

Cecil

 

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
06/19/95   0859   117   10/29/99   0859   115
05/06/98   785   504   11/23/98   778   613
11/30/98   778   610   11/30/98   778   599
11/30/98   778   597   12/15/98   778   617
12/03/98   0808   747   03/29/99   0808   750
12/16/98   778   615   12/28/98   778   623
12/29/98   778   619   12/30/98   778   621
12/30/98   778   592   01/21/99   778   589
02/01/99   785   492   02/05/99   785   498
02/08/99   785   502   02/22/99   785   500
02/12/99   0800   670   03/15/99   0800   672
02/23/99   785   506   02/22/99   791   428

 

7

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
03/18/99   791   430   03/19/99   791   425
04/04/99   0809   001   04/21/99   0809   003
04/05/99   0800   674   06/01/99   0820   279
04/22/99   0809   005   04/23/99   0809   007
04/23/99   0809   009   04/27/99   0809   011
04/28/99   0809   014   04/28/99   0809   016
05/04/99   0809   020   05/05/99   0809   022
05/05/99   0809   022   05/12/99   0809   027
05/17/99   0809   029   05/18/99   0809   031
05/18/99   0809   033   05/18/99   0809   035
06/02/99   0820   281   06/04/99   0820   283
06/09/99   0832   566   06/10/99   0832   568
06/10/99   0823   128   06/16/99   0825   079
06/16/99   0823   132   06/18/99   0823   130
06/21/99   0823   134   06/23/99   0825   077
06/30/99   0823   136   07/02/99   0825   081
07/12/99   0830   154   07/19/99   0830   156
07/17/99   0836   259   07/17/99   0836   257
07/17/99   0836   261   08/06/99   0841   123
07/21/99   0830   158   07/22/99   0832   570
07/23/99   0832   572   07/24/99   0832   574
07/26/99   0832   576   07/26/99   0832   578
07/27/99   0832   580   07/30/99   0832   582
07/30/99   0832   584   08/06/99   0832   588
08/09/99   0832   586   07/13/99   0836   255
08/09/99   0836   263   08/16/99   0836   272
08/23/99   0838   590   08/25/99   0838   592
08/25/99   0838   594   09/02/99   0841   119
11/02/99   0860   663   11/17/99   0860   665
11/19/99   0862   339   12/01/99   0866   339
11/23/99   0860   667   06/19/95   3184   0282
12/01/99   0862   336   12/10/99   0866   337
12/29/99   0769   062   12/29/99   0769   064
12/29/99   0769   067   12/29/99   0769   069
12/29/99   0769   071   12/29/99   0769   073

State and County

MARYLAND

Dorchester

 

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
04/28/99   0403   0535   04/28/99   0403   0536
04/28/99   0403   0537   04/28/99   0403   0538

 

8

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
04/28/99   0403   0539   04/28/99   0403   0540
11/23/99   417   0825      

State and County

MARYLAND

Harford

 

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
07/29/98   2999   0071   09/11/98   2999   0039
09/26/98   2999   0041   10/13/98   2999   0043
10/23/98   2999   0069   09/04/98   2999   0063
11/05/98   2999   0036   11/17/98   2999   0061
11/27/98   2999   0059   12/21/98   2999   0047
12/21/98   2999   0049   12/21/98   2999   0057
01/05/99   2999   0065   02/09/99   2999   0045
03/02/99   2999   0053   03/17/99   2999   0051
03/04/99   3028   0436   03/25/99   3033   0707
03/18/99   2999   0055   03/23/99   2999   0082
03/24/99   2999   0084   03/29/99   2999   0080
04/01/99   3028   0442   04/12/99   3033   0709
05/14/99   3064   0142   06/01/99   3064   0136
05/18/99   3033   0711   05/26/99   3077   0513
06/01/99   3070   0715   06/09/99   3070   0717
06/08/99   3064   0134   12/21/98   3033   0705
06/21/99   3077   0511   06/22/99   3070   0719
07/01/99   3105   0070   07/26/99   3105   0074
07/07/99   3077   0509   06/28/99   3095   0130
08/13/99   3105   0076   08/16/99   3105   0072
09/02/99   3118   0250   06/19/95   3184   0282
11/22/99   3174   0330   12/06/99   3184   0288

State and County

MARYLAND

Kent

 

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
08/26/98   165   379   01/19/99   168   33
12/03/98   170   016   02/11/99   172   358
01/22/99   0302   0211   04/08/99   2386   343
04/14/99   2386   341   07/18/99   0180   362
06/28/99   0181   397   07/24/99   0181   395

 

9

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
07/28/99   0180   360   05/26/99   0182   058
08/03/99   0181   393   10/01/99   0187   115
10/01/99   0187   143   11/03/99   0187   147
11/02/99   0189   144   11/26/99   0189   146

State and County

MARYLAND

Queen Anne’s

 

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
07/14/98   658   567   09/04/98   658   569
11/10/98   660   589   12/08/98   660   583
11/16/98   663   416   01/11/99   663   414
12/21/98   660   585   01/27/99   660   587
01/20/99   663   418   01/18/99   667   349
01/26/99   667   345   02/24/99   667   347
03/19/99   667   341   03/19/99   667   343
03/19/99   0687   754   04/22/99   0679   181
03/26/99   672   693   05/01/99   0685   690
04/26/99   0679   183   06/14/99   0687   758
06/05/99   0685   692   02/15/99   0687   756
06/21/99   0687   760   06/29/99   0689   077
07/26/99   0698   062   07/29/99   0696   649
07/31/99   0696   651   08/06/99   0696   653
08/10/99   0696   655   09/02/99   712   268
10/18/99   710   053   11/09/99   711   165
11/05/99   0714   580      

State and County

MARYLAND

Somerset

 

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
06/29/99   0481   879   07/15/99   0481   881
07/22/99   0481   883   08/19/99   0482   856

 

10

State and County

MARYLAND

Talbot

 

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
09/30/98   919   169   10/02/98   919   175
10/02/98   919   177   10/23/98   919   171
10/22/98   0932   490   04/22/99   0940   479
12/17/98   919   173   01/11/99   919   167
02/02/99   922   483   02/02/99   922   481
02/12/99   922   479   03/01/99   929   951
03/04/99   929   953   03/10/99   929   955
03/29/99   0936   417   04/22/99   0936   421
04/22/99   0940   477   04/26/99   0932   486
04/22/99   0936   419   06/02/99   0936   423
04/29/99   0932   488   05/01/99   0937   238
05/01/99   0937   236   05/18/99   0932   484
06/11/99   0938   095   11/26/99   0953   427
12/02/99   0953   429      

State and County

MARYLAND

Wicomico

 

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
04/17/98   1635   491   07/18/98   1630   085
10/19/98   1722   670   03/15/99   1722   666
11/07/98   1661   831   11/10/98   1661   834
11/10/98   1661   836   11/13/98   1661   838
11/23/98   1642   240   11/23/98   1642   242
11/23/98   1642   244   11/23/98   1642   246
11/23/98   1661   842   01/07/99   1666   405
12/17/98   1658   691   10/22/98   1661   828
01/07/99   1666   403   01/03/99   1666   401
02/05/99   1670   875   05/03/99   1698   205
03/29/99   1702   728   04/20/99   1702   730
03/30/99   1722   662   04/14/99   1722   664
04/26/99   1722   647   04/26/99   1722   649
05/03/99   1702   732   05/10/99   1702   734
05/14/99   1722   658   05/20/99   1722   636
05/19/99   1702   736   05/20/99   1702   738
06/04/99   1722   651   06/22/99   1722   638

 

11

Received
for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
06/24/99   1702   761   07/01/99   1700   056
07/01/99   1700   054   08/23/99   1705   135
07/02/99   1722   660   07/02/99   1722   634
07/02/99   1722   642   07/06/99   1722   654
07/12/99   1698   207   07/22/99   0481   885
08/11/99   1722   640   08/28/99   1722   645
09/29/99   1722   066   10/04/99   1718   246
10/09/99   1722   656   11/19/99   1722   672
10/26/99   1718   248   10/19/98   1722   668
12/03/99   1728   301   05/21/99   1702   726

State and County

MARYLAND

Worcester

 

Received
for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
11/16/98   2649   116   12/09/98   2649   114
12/01/98   2649   118   05/05/99   2703   116
05/26/99   2736   245   05/18/99   2736   247
06/16/99   2736   249   07/28/99   2740   202
08/20/99   2750   002      

State and County

VIRGINIA

Accomack

 

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
11/10/98   789   291   11/13/98   789   297
11/19/98   789   294   02/22/99   792   233
02/23/99   792   230   03/06/99   797   576
03/31/99   797   579   10/13/98   0804   0116
04/05/99   0801   0045   12/01/99   819   084
07/21/99   0821   510      

State and County

VIRGINIA

Northampton

 

Received

for Record

   Deed Records   Received
for Record		   Deed Records
  Book   Page     Book   Page
09/28/98   305   289   03/11/99   309   053
10/07/99   314   169      

 

12

The following is a schedule of bonds issued under the Eighty-Eighth Supplemental Indenture and Credit Line Deed of Trust, effective as of October 1, 1994, that can be designated as First Mortgage Bonds, Series I, which may also be designated as Secured Medium Term Notes, Series I; and First Mortgage Bonds, Pledged Series I.

First Mortgage Bonds, Series I/Secured Medium Term Notes, Series I

 

Issuance Date

  

Tranche

  

Maturity

  

Principal

06/19/95   7.71% Bonds   06/01/25   $ 100,000,000
06/19/95   6.95% Amortizing Bonds   06/01/08   $ 25,800,000
         

First Mortgage Bonds, Pledged Series I

 

Issuance Date

  

Tranche

  

Maturity

  

Principal

10/12/94   1994   10/01/29   $ 33,750.000
         
Total Bonds Issued:       $ 159,550,000
         

As supplemented and amended by this Ninety-Fifth Supplemental Indenture, the Original Indenture and all indentures supplemental thereto are in all respects ratified and confirmed and the Original Indenture and the aforesaid supplemental indentures and this Ninety-Fifth Supplemental Indenture shall be read, taken and construed as one and the same instrument.

This Ninety-Fifth Supplemental Indenture shall be simultaneously executed in several counterparts, and all such counterparts executed and delivered, each as an original, shall constitute but one and the same instrument.

The recitals of fact contained herein shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of the same.

The debtor and its mailing address are Delmarva Power & Light Company, 800 King Street, P.O. Box 231, Wilmington, Delaware 19899. The secured party and its address, from which information concerning the security interest hereunder may be obtained, are The Chase Manhattan Bank, 450 West 33rd Street, New York, New York 10001, Attn.: Corporate Trust Department.

The Company acknowledges that it received a true and correct copy of this Ninety-Fifth Supplemental Indenture.

 

13

This Ninety-Fifth Supplemental Indenture is executed and delivered pursuant to the provisions of Section 5.11 and paragraphs (a) and (e) of Section 17.01 of the Indenture for the purpose of conveying, transferring and assigning to the Trustee and of subjecting to the lien of the Indenture with the same force and effect as though included in the granting clause thereof the above described property so acquired by the Company on or prior to the date of execution, and not heretofore specifically subject to the lien of the Indenture and for the purpose of making certain amendments to the Indenture; but nothing contained in this Ninety-Fifth Supplemental Indenture shall be deemed in any manner to affect (except for such purposes and except as otherwise specifically provided herein) or to impair the provisions, terms and conditions of the Original Indenture, or of any indenture supplemental thereto and the provisions, terms and conditions thereof as hereby amended are hereby expressly confirmed.

The recitals hereinabove set forth are made solely by the Company and the Trustee shall have no responsibility therefor.

IN WITNESS WHEREOF, the Company has caused this instrument to be signed in its name and behalf by its Senior Vice President and Chief Financial Officer, and its corporate seal to be hereunto affixed and attested by its Secretary and the Trustee has caused this instrument to be signed in its name and behalf by an Assistant Vice President and its corporate seal to be hereunto affixed and attested by a Trust Officer, effective as of the 1st day of January, 2000.

(INTENTIONALLY BLANK)

 

14

    DELMARVA POWER & LIGHT COMPANY
Date of Execution     By  

/s/ John C. van Roden, Jr.

     

JOHN C. VAN RODEN, JR., SENIOR VICE

PRESIDENT & CHIEF FINANCIAL

OFFICER

March 8, 2000      
[seal]      
    Attest:  
     

/s/ Nina J. Hertz

      NINA J. HERTZ, ASSISTANT SECRETARY
      THE CHASE MANHATTAN BANK
      (formerly known as Chemical Bank)
Date of Execution     By  

/s/ Wanda Eiland

      WANDA EILAND, ASST. VICE PRESIDENT
March 14, 2000      
[seal]      
    Attest:  
     

/s/ William G. Keenan

      WILLIAM G. KEENAN, TRUST OFFICER

 

15

STATE OF DELAWARE   )     
  )   SS.   
NEW CASTLE COUNTY   )     

BE IT REMEMBERED that on this 8 day of March, 2000, personally came before me, a notary public for the State of Delaware, JOHN C. VAN RODEN, JR., Senior Vice President and Chief Financial Officer of DELMARVA POWER & LIGHT COMPANY, a corporation of the State of Delaware and the Commonwealth of Virginia (the “Company”), party to the foregoing instrument, known to me personally to be such, and acknowledged the instrument to be his own act and deed and the act and deed of the Company; that his signature is in his own proper handwriting; that the seal affixed is the common or corporate seal of the Company; and that his act of signing, sealing, executing and delivering such instrument was duly authorized by resolution of the Board of Directors of the Company.

GIVEN under my hand and official seal the day and year aforesaid.

 

/s/ Nina J. Hertz

Notary Public, State of Delaware

My commission expires 9/14/00

[seal]

Certification

This document was prepared under the supervision of an attorney admitted to practice before the Court of Appeals of Maryland, or by or on behalf of one of the parties named in the within instrument.

 

/s/ Nina J. Hertz

Nina J. Hertz

 

16

STATE OF NEW YORK   )     
  )   SS.   
COUNTY OF NEW YORK   )     

BE IT REMEMBERED that on this 14 day of March, 2000, personally came before me, a Notary Public for the State of New York, WANDA EILAND, an Assistant Vice President of THE CHASE MANHATTAN BANK, a corporation of the State of New York (the “Trustee”), party to the foregoing instrument, known to me personally to be such, and acknowledged the instrument to be her own act and deed and the act and deed of the Trustee; that her signature is her own proper handwriting; that the seal affixed is the common or corporate seal of the Trustee; and that her act of signing, sealing, executing and delivering said instrument was duly authorized by resolution of the Board of Directors of the Trustee.

GIVEN under my hand and official seal the day and year aforesaid.

 

/s/ Emily Favan

Notary Public, State of New York

[Seal]

 

17

CERTIFICATE OF RESIDENCE

THE CHASE MANHATTAN BANK, successor Trustee to the Trustee within named, by merger, hereby certifies that its precise residence is 450 West 33rd Street, in the Borough of Manhattan, in The City of New York, in the State of New York.

THE CHASE MANHATTAN BANK

 

By

  

/s/ Wanda Eiland

  WANDA EILAND, ASST. VICE PRESIDENT

 

18

RECORDATION DATA

Executed Counterparts of the Ninety-Fifth Supplemental Indenture were recorded in Real Property Mortgage Records as follows:

 

     Received
for Record		    Mortgage Records

State and County

       Book    Page

DELAWARE:

         

Kent

    4/27/00    857    1

New Castle

    4/4/00    6635    0085

Sussex

    4/3/00    3338    058

MARYLAND:

         

Caroline

    4/4/00    383    138

Cecil

    4/28/00    891    456

Dorchester

    4/5/00    423    164

Harford

    4/28/00    3249    551

Kent

    4/27/00    196    73

Queen Anne’s

    4/4/00    727    039

Somerset

    4/3/00    490    932

Talbot

    4/14/00    961    621

Wicomico

    3/31/00    1739    400

Worcester

    3/31/00    2832    196

VIRGINIA:

         

Accomack

    4/4/00    827    046

Northampton

    4/4/00    318    605

PENNSYLVANIA:

         

Adams

    4/26/00    2037    17

Armstrong

    4/24/00    2074    27

Bedford

    4/25/00    803    471

Blair

    4/25/00    1464    283

Cambria

    4/21/00    1662    277

Cumberland

    4/27/00    1608    470

Delaware

    4/26/00    2006    23

Franklin

    4/25/00    1502    404

Huntingdon

    4/21/00    532    744

Indiana

    4/24/00    628    245

Lancaster

    4/27/00    6613    593

Montgomery

    4/24/00    8673    223

Westmoreland

    4/24/00    4864    253

York

    4/24/00    1396    4493

NEW JERSEY:

         

Burlington

    4/19/00    7743    536

Camden

    4/28/00    5289    885

Gloucester

    4/17/00    4282    283

Mercer

    4/19/00    5289    176

Middlesex

    4/25/00    4768    615

Salem

    4/17/00    1156    21

Somerset

    4/17/00    3270    691

Warren

    4/20/00    2193    213

 

19