EX-4.2 5 exc-ex42_20190331q1.htm 122ND SUPPLEMENTAL INDENTURE, DATED APRIL 3, 2019 Exhibit


This Instrument Prepared By:

/s/ Christie D. Cannon                
Christie D. Cannon
Delmarva Power & Light Company
Mailstop 92DC42
500 N. Wakefield Drive
Newark, DE 19702-5440


                                                




DELMARVA POWER & LIGHT COMPANY



TO



THE BANK OF NEW YORK MELLON,
Trustee.

________



ONE HUNDRED AND TWENTY-SECOND SUPPLEMENTAL
INDENTURE


________



Dated as of January 1, 2019
(but executed on the dates shown on the execution page)



                                                


1




This ONE HUNDRED AND TWENTY-SECOND SUPPLEMENTAL INDENTURE, dated as of the first day of January, 2019 (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 BANK OF NEW YORK MELLON, a New York banking corporation, hereinafter called the Trustee;

WITNESSETH:

WHEREAS, the Company heretofore executed and delivered its Indenture of Mortgage and Deed of Trust (hereinafter in this One Hundred and Twenty-Second 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 Bank of New York Mellon 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, the Original Indenture has been supplemented by one hundred and twenty-one supplemental indentures specifically subjecting to the lien of the Original Indenture as though included in the granting clause thereof certain property in said supplemental indentures specifically described and amending and modifying the provisions of the Original Indenture (the Original Indenture, as amended, modified and supplemented by all of the indentures supplemental thereto, including this One Hundred and Twenty-Second Supplemental Indenture, is hereinafter in this One Hundred and Twenty-Second Supplemental Indenture called the “Indenture”); and

WHEREAS, the execution and delivery of this One Hundred and Twenty-Second Supplemental Indenture has been duly authorized by Unanimous Written Consent of the Board of Directors of the Company, and all conditions and requirements necessary to make this One Hundred and Twenty-Second 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, 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;


2




NOW, THEREFORE, this ONE HUNDRED AND TWENTY-SECOND SUPPLEMENTAL INDENTURE WITNESSETH that for and in consideration of the premises and in pursuance of the provisions of the Indenture, the Company has granted, bargained, sold, released, conveyed, assigned, transferred, mortgaged, pledged, set over and confirmed, and by these presents does 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 acquired, 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:

MARYLAND
Kent County
Property Name
Instrument Date
Deed Records
Tax Map No.
Liber
Folio
Chestertown Substation
Purchase of 0.73 acres of land located at 501 Morgnec Road, Chestertown MD 21801
12/17/2018
979
160
Tax Map 0037
Parcel 0085

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, 2018, 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 relating to real estate or the occupancy of the same owned by the Company, and whether used or not used in connection with the Company’s operations, which are conveyed to the Company and recorded in the following Real Property Deed Records to which reference is made for a more particular description, to wit:

DELAWARE
New Castle County
Instrument Date
Deed Records
Tax ID No.
04/12/17
20180405-0016040
20-004.00-023, 20-004.00-043
05/08/17
20181220-0070741
14-024.00-046
05/16/17
20180405-0016042
20-004.00-043
05/17/17
20180405-0016041
20-002.00-059
05/17/17
20180405-0016043
20-004.00-045
05/22/17
20181023-0054551
10-017.00-025
12/19/17
20180405-0016039
13-009.00-043
12/19/17
20180404-0016044
10-006.00-032
01/11/18
20180405-0016037
14-025.00-056
02/12/18
20180405-0016038
26-008.20-001
02/19/18
20180405-0016045
10-035.00-043

3




02/27/18
20180405-0016046
26-062.00-004
03/05/18
20180514-0022672
07-029.20-148
03/08/18
20180514-0022674
07-030.10-067
03/15/18
20180514-0022681
07-030.10-059
03/22/18
20180514-0022677
06-047.00-293
03/23/18
20180514-0022678
14-002.40-106
04/07/18
20180514-0022673
07-030.10-041
04/09/18
20180514-0022680
08-018.00-034
Instrument Date
Deed Records
Tax ID No.
04/20/18
20180514-0022675
07-030.10-066
04/20/18
20180514-0022679
09-028.30-098
04/24/18
20180608-0027437
09-018.00-030
04/27/18
20180621-0029881
26-042.00-006
04/28/18
20180514-0022676
14-024.00-005
04/30/18
20180608-0027436
06-156.00-003
05/01/18
20180608-0027439
13-012.20-079
05/07/18
20181023-0054552
07-032.10-058
05/17/18
20180608-0027440
08-009.00-028
05/17/18
20180608-0027438
08-009.00-028
05/17/18
20180621-0029880
08-035.00-014
05/29/18
20180621-0029882
08-023.00-023
06/06/18
20180621-0029879
07-030.20-022
06/08/18
20180810-0040694
15-010.00-047
07/03/18
20180709-0034380
26-049.00-003
07/05/18
20180810-0040695
08-022.00-008
07/10/18
20180810-0040692
08-022.00-048
07/11/18
20181220-0070742
14-020.00-086
07/13/18
20180810-0040691
08-022.00-049
07/16/18
20180810-0040693
08-022.00-047
07/23/18
20180810-0040696
15-015.00-153
07/23/18
20180810-0040697
15-015.00-180
07/26/18
20180816-0041745
13-009.00-046
08/24/18
20181023-0054555
11-037.00-002
09/12/18
20181109-0059961
26-030.30-007
09/20/18
20181023-0054549
15-011.00-171
09/20/18
20181023-0054553
18-039.00-002, 18-036.00-002
09/21/18
20181023-0054554
15-016.00-048
09/25/18
20181023-0054548
14-016.00-118
10/12/18
20181023-0054550
14-012.00-016
10/16/18
20181109-0059962
08-008.00-030
10/19/18
20181109-0059960
15-022.00-229
10/23/18
20181207-0067215
15-020.00-136
10/26/18
20181207-0067216
11-013.00-013
10/26/18
20181220-0070740
26-057.00-008

4




11/09/18
20181220-0070739
15-020.00-071
11/09/18
20181220-0070738
08-126.10-054
11/15/18
20181207-0067217
15-015.00-172



5





DELAWARE
Sussex County
Instrument Date
Deed Records
Tax ID No.
Book
Page
09/28/17
4924
182
334-13.00-325.08
11/12/17
4877
265
132-10.00-24.00
02/03/18
4862
334
134-5.00-465.00
04/12/18
4889
30
134-17.00-7.00
05/01/18
4925
9
334-13.00-155.00
08/08/18
4935
263
334-13.00-296.00
08/27/18
4946
165
532-20.00-15.03
09/02/18
4964
320
330-11.13-26.00
09/05/18
4948
60
235-14.00-132.00, 235-14.00-132.03
09/18/18
4964
322
432-12.00-8.00
11/10/18
4979
59
132-6.00-92.01
11/20/18
4987
244
531-12.00-92.00
12/04/18
4988
189
533-19.00-50.00
12/08/18
4858
314
334-19.00-3.00, 334-19.00-3.02,
334-19.00-3.04


DELAWARE
Kent County
Instrument Date
Deed Records
Tax ID No.
Instrument Number
05/07/18
9153
223
NM-00-12.00-02.11.00
06/25/18
9195
130
6-00-18700-01-0800-00001


MARYLAND
Caroline County
Instrument Date
Deed Records

Map
Parcel
Book
Page
11/01/17
1292
244
18
225



6




MARYLAND
Cecil County
Instrument Date
Deed Records

Map
Parcel
Book
Page
11/30/17
4190
470
12
33
12/04/17
4219
155
316
728
12/12/17
4218
470
10
423
12/21/17
4218
462
801
290
12/28/17
4218
465
29
307
12/28/17
4218
456
29
49
12/28/17
4218
458
29
51
01/18/18
4218
468
41
351
02/06/18
4218
454
43
6
02/06/18
4218
454
43
6
02/22/18
4218
460
25
70
02/28/18
4211
119
25
762
03/12/18
4221
270
41
404
04/02/18
4226
480
46
14
04/03/18
4233
468
25
747
04/18/18
4233
466
19
79
05/25/18
4252
373
801
501
06/14/18
4259
192
401
459
07/02/18
4269
204
401
2
07/02/18
4278
185
35
598
07/16/18
4278
187
30
17
07/19/18
4278
190
401
458
07/19/18
4282
438
43
138
08/09/18
4295
367
35
14
08/10/18
4288
477
29
383
08/10/18
4288
479
29
20
08/10/18
4288
481
29
580
08/16/18
4286
432
31
446
08/16/18
4288
375
36
414
08/27/18
4295
364
36
489
09/05/18
4295
369
35
118
09/21/18
4310
355
14
79
09/25/18
4307
80
41
69
09/27/18
4307
65
41
371
10/26/18
4321
1
35
353
11/28/18
4332
318
60
4
11/28/18
4334
183
41
89
11/28/18
4334
180
41
74
12/01/18
4338
376
36
556
12/03/18
4332
318
625
801

7






MARYLAND
Dorchester County
Instrument Date
Deed Records
Map
Parcel
 
Liber
Folio
 
 
06/16/17
1455
458
17
10
06/29/17
1455
454
17
10
07/14/17
1455
450
17
10
01/19/18
1496
383
21
74
02/16/18
1496
380
21
75
02/23/18
1496
372
21
72
02/23/18
1496
375
21
113
02/23/18
1496
378
21
112
05/04/18
1496
369
21
167


MARYLAND
Kent County
Instrument Date
Deed Records
Map
Parcel
Liber
Folio
11/15/17
954
7
486
37
03/20/18
937
456
44
1
04/11/18
940
191
203
1324
04/11/18
940
193
203
1325
05/03/18
944
152
203
1332
05/03/18
944
154
203
1336
05/22/18
949
4
11
18
08/09/18
960
117
203
1336
11/14/18
979
2
42
028A



8





MARYLAND
Queen Anne’s County
Instrument Date
Deed Records
Map
Parcel
Lot
Liber
Folio
11/14/17
2826
93
35
26
 
11/17/17
2870
26
21
3
 
11/21/17
2871
168
23
26
 
12/08/17
2871
176
044C
748
 
01/25/18
2871
170
57
347
 
01/25/18
2871
173
57
546
 
01/29/18
2871
166
6
227
 
03/20/18
2873
96
60
140
 
03/22/18
2783
86
60
8
2
03/26/18
2889
208
058E
768
 
05/08/18
2901
222
57
504
 
08/03/18
2946
119
57
364
 
09/05/18
2963
29
1
103
 
09/12/18
2967
46
1
45
 
09/13/18
2968
156
57
356
 
09/14/18
2968
153
1
49
 
09/19/18
2978
95
1
3
 
09/20/18
2978
85
1
11
 
09/20/18
2978
88
1
9
 
10/01/18
2978
93
1
61
 
10/01/18
2978
91
1
23
 
11/15/18
3004
36
1
18
 
11/15/18
3004
34
1
20
 
11/15/18
3004
32
1
57
 
12/05/18
3011
246
044C
501
 


MARYLAND
Somerset County
Instrument Date
Deed Records
Map
Parcel
Liber
Folio
05/07/18
993
128
15
45
06/29/18
999
197
65
346



9





MARYLAND
Talbot County
Instrument Date
Deed Records
Map
Parcel
 
Liber
Folio
 
 
07/19/17
2533
348
31
66
11/13/17
2505
29
22
307
01/15/18
2571
492
41
134
10/13/18
2571
498
58
27
10/13/18
2571
496
58
62
MARYLAND
Wicomico County
Instrument Date
Deed Records
Map
Parcel
Liber
Folio
11/15/17
4274
292
29
4
11/30/17
4274
299
50
159
11/30/17
4274
295
50
4
11/30/17
4274
292
29
4
03/29/18
4324
12
31
156
04/10/18
4324
16
601
347
06/29/18
4356
51
13
31
07/09/18
4350
326
601
781
07/09/18
4350
326
601
781
07/23/18
4354
358
184
20
08/02/18
4361
121
027A
166
08/03/18
4365
98
18
84
08/06/18
4361
119
027A
313
08/10/18
4365
92
027A
0161, 0355
08/10/18
4365
94
027A
380
08/14/18
4365
96
027A
330
08/16/18
4365
100
027A
168
08/23/18
4369
6
53
373
08/24/18
4369
8
20
255
09/12/18
4377
258
302
1033
10/04/18
4385
327
109
2521
10/07/18
4390
474
18
2054
10/30/18
4396
324
41
12
11/08/18
4403
246
39
0033, 0542
11/19/18
4405
239
101
5457
11/19/18
4405
241
101
5457
11/23/18
4409
46
801
625
11/28/18
4409
46
60
4
MARYLAND
Worcester County
Instrument Date
Deed Records
Map
Parcel
Lot
 
Liber
Folio
 
 
 
10/16/17
7144
425
114
925A
 
12/08/17
7144
428
10
101
 
12/08/17
7188
74
10
282
 
12/11/17
7144
432
15
188
 
02/01/18
7188
26
26
185
 
02/13/18
7188
65
15
4
 
03/01/18
7188
68
19
6
 
03/03/18
7188
71
9
366
 
04/10/18
7210
355
27
482
 
05/03/18
7225
426
100
141
 
05/24/18
7235
361
29
14
2A
05/24/18
7235
355
29
14
3A
06/04/18
7235
358
27
14
 
06/12/18
7250
437
27
144
 
07/30/18
7269
26
26
255
 
07/30/18
7269
9
71
145
 
07/31/18
7269
3
9
27
 
08/23/18
7303
13
9
161
 
09/06/18
7303
1
301
1706
 
09/07/18
7303
6
56
9
 
09/07/18
7303
10
10
311
 
09/10/18
7303
16
110
3968
 
10/15/18
7316
370
10
27
 
11/08/18
7334
3
15
48
 
11/22/18
7316
367
10
206
 
11/28/18
7339
417
27
436
 


VIRGINIA
Accomack County
Instrument Date
Deed Record
Tax Parcel
03/24/17
180,001,994
27-A-165



10





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

11/25/08        6.40% Bonds            12/01/13        $250,000,000

First Mortgage Bonds, Pledged Series I

Issuance Date        Tranche            Maturity        Principal

10/12/94        1994                10/01/29        $  33,750,000

Total Bonds Issued:                                $409,550,000


As supplemented and amended by this One Hundred and Twenty-Second 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 One Hundred and Twenty-Second Supplemental Indenture shall be read, taken and construed as one and the same instrument.

This One Hundred and Twenty-Second 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, Mailstop 92DC42, 500 N. Wakefield Drive, Newark, Delaware 19702-5440. The secured party and its address, from which information concerning the security interest hereunder may be obtained, is The Bank of New York Mellon, 500 Ross Street, 12th Floor, Pittsburgh, Pennsylvania 15262, Attn: Corporate Trust Administration.

The Company acknowledges that it received a true and correct copy of this One Hundred and Twenty-Second Supplemental Indenture.


11




This One Hundred and Twenty-Second Supplemental Indenture is executed and delivered pursuant to the provisions of Section 5.11 and paragraph (a) 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; but nothing contained in this One Hundred and Twenty-Second Supplemental Indenture shall be deemed in any manner to affect (except for such purposes) 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 are hereby expressly confirmed.
IN WITNESS WHEREOF, the Company has caused this instrument to be signed in its name and behalf by its Senior Vice President, and its corporate seal to be hereunto affixed and attested by its Assistant Secretary and the Trustee has caused this instrument to be signed in its name and behalf by a Vice President and its corporate seal to be hereunto affixed and attested by an authorized officer, effective as of the 1st day of January, 2019.

DELMARVA POWER & LIGHT COMPANY



Date of Execution            By    /s/ Phillip S. Barnett                
Phillip S. Barnett, Senior Vice President
March 22, 2019


Attest:

/s/ Brian J. Buck            
Brian Buck, Assistant Secretary

DISTRICT OF COLUMBIA    ) SS


BE IT REMEMBERED that as of the 22nd day of March, 2019, personally came before me, a notary public for the District of Columbia, Phillip S. Barnett, Senior Vice President 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/ Denise Wojcik                    
Notary Public, District of Columbia
My commission expires     1/14/2023        

12




THE BANK OF NEW YORK MELLON,
as Trustee



Date of Execution            By    /s/ Laurence J. O’Brien        
Laurence J. O’Brien, Vice President

April 3, 2019



Attest:

/s/ Latoya S. Elvin            
Latoya S. Elvin, Vice President



STATE OF NEW JERSEY    )
) SS.
COUNTY OF PASSAIC    )


BE IT REMEMBERED that as of the 3rd day of April, 2019, personally came before me, a Notary Public for the State of New Jersey, Laurence J. O’Brien, Vice President of THE BANK OF NEW YORK MELLON, a New York banking corporation (the “Trustee”), 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 Trustee; that his signature is his own proper handwriting; that the seal affixed is the common or corporate seal of the Trustee; and that his 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/ Rosemarie Socorro-Garcia                    
Notary Public, State of New Jersey
My commission expires     12/5/2021        




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CERTIFICATE OF RESIDENCE


THE BANK OF NEW YORK MELLON, successor Trustee to the Trustee within named, hereby certifies that it has a residence at 101 Barclay Street, in the Borough of Manhattan, in The City of New York, in the State of New York.


THE BANK OF NEW YORK MELLON



By    /s/ Laurence J. O’Brien        
Laurence J. O’Brien, Vice President



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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/ Christie D. Cannon                    
Christie D. Cannon

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