UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): August 15, 2016


Commission
Registrant; State of Incorporation;
I.R.S. Employer
File Number
Address; and Telephone Number
Identification No.
 
 
 
000-53742
FIRSTENERGY SOLUTIONS CORP.
31-1560186
 
(An Ohio Corporation)
 
 
c/o FirstEnergy Corp.
 
 
76 South Main Street
 
 
Akron, OH 44308
 
 
Telephone (800)736-3402
 
 
 
 
 
 
 


















Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 





Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

Pursuant to the previously disclosed reoffering agreements entered into on August 2, 2016 with J.P. Morgan Securities LLC (JPM), on August 15, 2016, FirstEnergy Nuclear Generation, LLC (NG), a subsidiary of FirstEnergy Solutions Corp. (FES), issued two new series of first mortgage bonds to secure the applicable payment obligations for notes corresponding to pollution control revenue bonds (PCRBs) issued on behalf of NG by the Beaver County Industrial Development Authority (BCIDA)($60 million) and the Ohio Water Development Authority (OWDA)($54.6 million). The first mortgage bonds were issued under the Fifth Supplemental Indenture, dated as of August 15, 2016 (Fifth Supplemental Indenture), to the Open-End Mortgage, General Mortgage Indenture and Deed of Trust, dated as of June 1, 2009, by and between NG and The Bank of New York Mellon Trust Company, N.A., as trustee, and pledged to the applicable PCRB Trustee. The first mortgage bonds of NG are secured primarily by a valid first lien on substantially all of NG’s property used, or to be used, in connection with the generation and production of electric energy, subject to certain exceptions. Additionally, on August 15, 2016, FirstEnergy Generation, LLC (FG), a subsidiary of FES, issued three new series of first mortgage bonds to secure the applicable payment obligations for notes corresponding to PCRBs issued on behalf of FG by the BCIDA ($71.3 million - two series) and the Pennsylvania Economic Development Financing Authority ($15 million). FG expects to issue a fourth series of first mortgage bonds in mid-September 2016 in connection with the settlement of one series of PCRBs issued on behalf of FG by the Ohio Air Quality Development Authority (OAQDA)($100 million).The first mortgage bonds were or will be issued under the Eighth Supplemental Indenture, dated as of August 15, 2016 (Eighth Supplemental Indenture), to the Open-End Mortgage, General Mortgage Indenture and Deed of Trust, dated as of June 19, 2008, by and between FG and The Bank of New York Mellon Trust Company, N.A., as trustee, and pledged to the applicable PCRB Trustee. The first mortgage bonds of FG are secured primarily by a valid first lien on substantially all of FG’s property used, or to be used, in connection with the generation and production of electric energy, subject to certain exceptions.

The foregoing descriptions of the various agreements referenced above do not purport to be complete and are qualified in their entirety by reference to the agreements themselves, which are filed as exhibits hereto. The Fifth Supplemental Indenture and applicable forms of NG first mortgage bonds, the Eighth Supplemental Indenture and the applicable forms of FG first mortgage bonds are filed as Exhibits 4.1 and 4.2, respectively, to this Form 8-K, and are incorporated herein by reference.

 Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.
Description
 
 
4.1
Fifth Supplemental Indenture, dated as of August 15, 2016, to Open-End Mortgage, General Mortgage Indenture and Deed of Trust, dated as of June 1, 2009, by and between FirstEnergy Nuclear Generation, LLC and The Bank of New York Mellon Trust Company, N.A., as trustee
4.1 (a)
Form of First Mortgage Bonds, Guarantee Series F of 2016 due 2035 (included in Exhibit 4.1)
4.1 (b)
Form of First Mortgage Bonds, Guarantee Series G of 2016 due 2033 (included in Exhibit 4.1)
4.2
Eighth Supplemental Indenture, dated as of August 15, 2016, to Open-End Mortgage, General Mortgage Indenture and Deed of Trust, dated as of June 19, 2008, by and between FirstEnergy Generation, LLC 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
4.2 (a)
Form of First Mortgage Bonds, Guarantee Series I of 2016 due 2028 (included in Exhibit 4.2)
4.2 (b)
Form of First Mortgage Bonds, Guarantee Series J of 2016 due 2029 (included in Exhibit 4.2)
4.2 (c)
Form of First Mortgage Bonds, Guarantee Series K of 2016 due 2047 (included in Exhibit 4.2)
4.2 (d)
Form of First Mortgage Bonds, Guarantee Series L of 2016 due 2028 (included in Exhibit 4.2)



2



Forward-Looking Statements: This Form 8-K includes forward-looking statements based on information currently available to management. Such statements are subject to certain risks and uncertainties. These statements include declarations regarding management's intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms “anticipate,” “potential,” “expect,” "forecast," "target," "will," "intend," “believe,” "project," “estimate," "plan" and similar words. Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, which may include the following: the speed and nature of increased competition in the electric utility industry, in general, and the retail sales market in particular; the ability to experience growth in the Regulated Distribution and Regulated Transmission segments; the accomplishment of our regulatory and operational goals in connection with our transmission investment plan, including, but not limited to, the proposed transmission asset transfer to Mid-Atlantic Interstate Transmission, LLC, and the effectiveness of our strategy to reflect a more regulated business profile; changes in assumptions regarding economic conditions within our territories, assessment of the reliability of our transmission system, or the availability of capital or other resources supporting identified transmission investment opportunities; the impact of the regulatory process and resulting outcomes on the matters at the federal level and in the various states in which we do business including, but not limited to, matters related to rates and the Electric Security Plan IV; the impact of the federal regulatory process on Federal Energy Regulatory Commission (FERC)-regulated entities and transactions, in particular FERC regulation of wholesale energy and capacity markets, including PJM Interconnection, L.L.C. (PJM) markets and FERC-jurisdictional wholesale transactions; FERC regulation of cost-of-service rates, including FERC Opinion No. 531's revised Return on Equity methodology for FERC-jurisdictional wholesale generation and transmission utility service; and FERC’s compliance and enforcement activity, including compliance and enforcement activity related to North American Electric Reliability Corporation’s mandatory reliability standards; the uncertainties of various cost recovery and cost allocation issues resulting from American Transmission Systems, Incorporated's realignment into PJM; economic or weather conditions affecting future sales and margins such as a polar vortex or other significant weather events, and all associated regulatory events or actions; changing energy, capacity and commodity market prices including, but not limited to, coal, natural gas and oil prices, and their availability and impact on margins and asset valuations, including without limitation impairments thereon; the risks and uncertainties at the CES segment, including FES, related to continued depressed wholesale energy and capacity markets, including the potential need to deactivate or sell additional generating units; the continued ability of our regulated utilities to recover their costs; costs being higher than anticipated and the success of our policies to control costs and to mitigate low energy, capacity and market prices; other legislative and regulatory changes, and revised environmental requirements, including, but not limited to, the effects of the United States Environmental Protection Agency’s Clean Power Plan, Coal Combustion Residuals regulations, Cross-State Air Pollution Rule and Mercury and Air Toxics Standards programs, including our estimated costs of compliance, Clean Water Act (CWA) waste water effluent limitations for power plants, and CWA 316(b) water intake regulation; the uncertainty of the timing and amounts of the capital expenditures that may arise in connection with any litigation, including New Source Review litigation, or potential regulatory initiatives or rulemakings (including that such initiatives or rulemakings could result in our decision to deactivate or idle certain generating units); the uncertainties associated with the deactivation of certain older regulated and competitive fossil units, including the impact on vendor commitments, such as long-term fuel and transportation agreements, and as it relates to the reliability of the transmission grid, the timing thereof; the impact of other future changes to the operational status or availability of our generating units and any capacity performance charges associated with unit unavailability; adverse regulatory or legal decisions and outcomes with respect to our nuclear operations (including, but not limited to, the revocation or non-renewal of necessary licenses, approvals or operating permits by the Nuclear Regulatory Commission or as a result of the incident at Japan's Fukushima Daiichi Nuclear Plant); issues arising from the indications of cracking in the shield building at Davis-Besse; the risks and uncertainties associated with litigation, arbitration, mediation and like proceedings, including, but not limited to, any such proceedings related to vendor commitments, such as long-term fuel and transportation agreements; the impact of labor disruptions by our unionized workforce; replacement power costs being higher than anticipated or not fully hedged; the ability to comply with applicable state and federal reliability standards and energy efficiency and peak demand reduction mandates; changes in customers' demand for power, including, but not limited to, changes resulting from the implementation of state and federal energy efficiency and peak demand reduction mandates; the ability to accomplish or realize anticipated benefits from strategic and financial goals, including, but not limited to, the ability to continue to reduce costs and to successfully execute our financial plans designed to improve our credit metrics and strengthen our balance sheet through, among other actions, our cash flow improvement plan and other proposed capital raising initiatives; our ability to improve electric commodity margins and the impact of, among other factors, the increased cost of fuel and fuel transportation on such margins; changing market conditions that could affect the measurement of certain liabilities and the value of assets held in our Nuclear Decommissioning Trusts, pension trusts and other trust funds, and cause us and/or our subsidiaries to make additional contributions sooner, or in amounts that are larger than currently anticipated; the impact of changes to material accounting policies; the ability to access the public securities and other capital and credit markets in accordance with our financial plans, the cost of such capital and overall condition of the capital and credit markets affecting us and our subsidiaries; actions that may be taken by credit rating agencies that could negatively affect us and/or our subsidiaries' access to financing, increase the costs thereof, and increase requirements to post additional collateral to support outstanding commodity positions, letters of credit and other financial guarantees; changes in national and regional economic conditions affecting us, our subsidiaries and/or our major industrial and commercial customers, and other counterparties with which we do business, including fuel suppliers; the impact of any changes in tax laws or regulations or adverse tax audit results or rulings; issues concerning the stability of domestic and foreign financial institutions and counterparties with which we do business; the risks associated with cyber-attacks and other disruptions to our information technology system that may compromise our generation, transmission and/or distribution services and data security breaches of sensitive data, intellectual property and proprietary or personally identifiable information regarding our business, employees, shareholders, customers, suppliers, business partners and other individuals in our data centers and on our networks; and the risks and other factors discussed from time to time in our United States Securities and Exchange Commission (SEC) filings, and other similar factors. Dividends declared from time to time on

3



FirstEnergy Corp.'s common stock during any period may in the aggregate vary from prior periods due to circumstances considered by FirstEnergy Corp.'s Board of Directors at the time of the actual declarations. A security rating is not a recommendation to buy or hold securities and is subject to revision or withdrawal at any time by the assigning rating agency. Each rating should be evaluated independently of any other rating. The foregoing factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements and risks that are included in our filings with the SEC, including but not limited to the most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. New factors emerge from time to time, and it is not possible for management to predict all such factors, nor assess the impact of any such factor on our business or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statements. FirstEnergy expressly disclaims any current intention to update, except as required by law, any forward-looking statements contained herein as a result of new information, future events or otherwise.


4



SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto authorized.


August 18, 2016

 
 
FIRSTENERGY SOLUTIONS CORP.
 
 
Registrant
  
  
  
 
 
 
 By:  
 
/s/ K. Jon Taylor
 
K. Jon Taylor
Vice President, Controller and Chief Accounting Officer


5



Exhibit Index
 

 
Exhibit No.
Description
 
 
4.1
Fifth Supplemental Indenture, dated as of August 15, 2016, to Open-End Mortgage, General Mortgage Indenture and Deed of Trust, dated as of June 1, 2009, by and between FirstEnergy Nuclear Generation, LLC and The Bank of New York Mellon Trust Company, N.A., as trustee
4.1 (a)
Form of First Mortgage Bonds, Guarantee Series F of 2016 due 2035 (included in Exhibit 4.1)
4.1 (b)
Form of First Mortgage Bonds, Guarantee Series G of 2016 due 2033 (included in Exhibit 4.1)
4.2
Eighth Supplemental Indenture, dated as of August 15, 2016, to Open-End Mortgage, General Mortgage Indenture and Deed of Trust, dated as of June 19, 2008, by and between FirstEnergy Generation, LLC 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
4.2 (a)
Form of First Mortgage Bonds, Guarantee Series I of 2016 due 2028 (included in Exhibit 4.2)
4.2 (b)
Form of First Mortgage Bonds, Guarantee Series J of 2016 due 2029 (included in Exhibit 4.2)
4.2 (c)
Form of First Mortgage Bonds, Guarantee Series K of 2016 due 2047 (included in Exhibit 4.2)
4.2 (d)
Form of First Mortgage Bonds, Guarantee Series L of 2016 due 2028 (included in Exhibit 4.2)


6



EXHIBIT 4.1




FIFTH SUPPLEMENTAL INDENTURE

__________


FIRSTENERGY NUCLEAR GENERATION, LLC


TO


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

__________

Dated as of August 15, 2016

__________

Providing among other things for

First Mortgage Bonds, Guarantee Series F of 2016 due 2035
First Mortgage Bonds, Guarantee Series G of 2016 due 2033
_________


Supplemental to Open-End Mortgage, General Mortgage
Indenture and Deed of Trust, Dated as of June 1, 2009














THIS FIFTH SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of August 15, 2016 between FIRSTENERGY NUCLEAR GENERATION, LLC (formerly known as FirstEnergy Nuclear Generation Corp.), a limited liability company 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. (formerly known as The Bank of New York Trust Company, N.A.), a national banking association organized and existing under the laws of the United States of America, as Trustee (hereinafter called the “ Trustee ”) under the Open-End Mortgage, General Mortgage Indenture and Deed of Trust, dated as of June 1, 2009 (hereinafter called the “ Original Indenture ”) with the Company.
W I T N E S S E T H:
WHEREAS , the Company has heretofore duly executed and delivered to the Trustee the Original Indenture to secure Bonds of the Company, issuable in series, from time to time, in the manner and subject to the conditions set forth, and without limit as to principal amount except as provided in the Original Indenture which Original Indenture has been filed for record in the filing offices set forth on Schedule 1 attached hereto and incorporated herein by reference; and
WHEREAS , the Company has heretofore executed and delivered to the Trustee, a First Supplemental Indenture supplementing the Original Indenture dated as of June 15, 2009 (the “ First Supplemental Indenture ”), a Second Supplemental Indenture supplementing the Original Indenture dated as of June 30, 2009 (the “ Second Supplemental Indenture ”), a Third Supplemental Indenture supplementing the Original Indenture dated as of December 1, 2009 (the “ Third Supplemental Indenture ”), a Fourth Supplemental Indenture supplementing the Original Indenture dated as of February 14, 2012 (the “ Fourth Supplemental Indenture, ”) and the Original Indenture, as supplemented by the aforementioned First Supplemental Indenture, Second Supplemental Indenture, Third Supplemental Indenture, Fourth Supplemental Indenture and this Supplemental Indenture and any other indentures supplemental to the Original Indenture are herein collectively called the “ Indenture ”); and
WHEREAS , the Company, by appropriate corporate action in conformity with the terms of the Indenture, has duly determined to create two new series of Bonds under the Indenture, consisting of (i) $60,000,000 in aggregate principal amount to be designated as “First Mortgage Bonds, Guarantee Series F of 2016 due 2035” (hereinafter referred to as the “ bonds of Guarantee Series F ”) and (ii) $54,600,000 in aggregate principal amount to be designated as “First Mortgage Bonds, Guarantee Series G of 2016 due 2033” (hereinafter referred to as the “ bonds of Guarantee Series G ”), which shall bear interest at the respective rate or rates per annum set forth in, shall be subject to certain redemption rights and obligations set forth in, and will otherwise be in the respective forms and have the respective terms and provisions provided for in this Supplemental Indenture; and
WHEREAS , the bonds of Guarantee Series F and the Trustee’s certificate of authentication to be endorsed thereon shall be substantially in the form included in Exhibit A hereto; and the bonds of Guarantee Series G and the Trustee’s certificate of authentication to be endorsed thereon shall be substantially in the form included in Exhibit B hereto and








WHEREAS , the Company deems it advisable to enter into this Supplemental Indenture for the purposes of establishing the form, terms and provisions of the bonds of Guarantee Series F and the bonds of Guarantee Series G, as provided and contemplated by Sections 2.01(a) and 3.01(b) of the Indenture, and the Company has requested and hereby requests the Trustee to join in the execution of this Supplemental Indenture; and
WHEREAS , it is provided in the Indenture, among other things, that the Company shall execute and file with the Trustee and the Trustee, at the request of the Company, when required by the Indenture, shall join in the execution of indentures supplemental thereto, and which thereafter shall form a part thereof, for the purpose, among others, of providing for the creation of any series of Bonds and specifying the form and provisions of the Bonds of such series; and
WHEREAS , all acts and things have been done and performed which are necessary to make this Supplemental Indenture, when duly executed and delivered, a valid, binding and legal instrument in accordance with its terms and for the purposes herein expressed; and the execution and delivery of this Supplemental Indenture have been in all respects duly authorized.
NOW THEREFORE , in consideration of the premises and in further consideration of the sum of One Dollar in lawful money of the United States of America paid to the Company by the Trustee at or before the execution and delivery of this Supplemental Indenture, the receipt whereof is hereby acknowledged, and of other good and valuable consideration, it is agreed by and between the Company and the Trustee as follows:
ARTICLE I
DEFINITIONS
SECTION 1.01.      Terms Incorporated by Reference .
Except for the terms defined in this Supplemental Indenture, all capitalized terms used in this Supplemental Indenture have the respective meanings set forth in the Original Indenture.
SECTION 1.02.      Additional Definitions.
BCIDA ” means the Beaver County Industrial Development Authority.
BCIDA 2006-A Pledge Agreement ” means the Pledge Agreement, dated August 15, 2016, between the Company and the BCIDA 2006-A Revenue Bond Trustee, pursuant to which the Company pledges and delivers the bonds of Guarantee Series F.
BCIDA 2006-A Revenue Bond Indenture ” means the Trust Indenture dated as of April 1, 2006, between the BCIDA and the BCIDA 2006-A Revenue Bond Trustee, as amended, securing the BCIDA 2006-A Revenue Bonds issued for the benefit of the Company.
BCIDA 2006-A Revenue Bond Trustee ” means The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.), as trustee under the BCIDA 2006-A Revenue Bond Indenture.






BCIDA 2006-A Revenue Bonds ” means the $60,000,000 aggregate principal amount of Beaver County Industrial Development Authority Pollution Control Revenue Refunding Bonds, Series 2006-A (FirstEnergy Nuclear Generation Project) issued by the BCIDA.
Bonds of August 2016 Series ” means collectively, the bonds of Guarantee Series F and the bonds of Guarantee Series G.
Initial Interest Accrual Date ” shall have the respective meaning assigned to such term in the form of bond of Guarantee Series F and form of bond of Guarantee Series G.
Interest Payment Date ” shall have the meaning assigned to such term in the form of bond of Guarantee Series F and form of bond of Guarantee Series G.
OWDA ” means the Ohio Water Development Authority.
OWDA 2010-B Pledge Agreement ” means the Pledge Agreement, dated August 15, 2016, between the Company and the OWDA 2010-B Revenue Bond Trustee, pursuant to which the Company pledges and delivers the bonds of Guarantee Series G.
OWDA 2010-B Revenue Bond Indenture ” means the Trust Indenture dated as of November 15, 2010, between the OWDA and the OWDA 2010-B Revenue Bond Trustee, as amended, securing the OWDA 2010-B Revenue Bonds issued for the benefit of the Company.
OWDA 2010-B Revenue Bond Trustee ” means The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.), as trustee under the OWDA 2010-B Revenue Bond Indenture.
OWDA 2010--B Revenue Bonds ” means the $54,600,000 aggregate principal amount of Ohio Water Development Authority, State of Ohio Pollution Control Revenue Refunding Bonds, Series 2010-B (FirstEnergy Nuclear Generation Corp. Project) issued by the OWDA.
Pledge Agreements ” means collectively the BCIDA 2006-A Pledge Agreement and OWDA Pledge Agreement.
Revenue Bond Indentures ” means collectively the BCIDA 2006-A Revenue Bond Indenture and OWDA 2010-B Revenue Bond Indenture.
Revenue Bond Trustees ” means collectively the BCIDA 2006-A Revenue Bond Trustee and OWDA 2010-B Revenue Bond Trustee.
SECTION 1.03.      Rules of Construction. All references to any agreement refer to such agreement as modified, varied, supplemented, amended or restated from time to time by the parties thereto (including any permitted successors or assigns) in accordance with its terms.





ARTICLE II
BONDS
SECTION 2.01. Designation and Issuance of Bonds. (a) The bonds of Guarantee Series F shall be designated, as hereinbefore recited, as the Company’s “First Mortgage Bonds, Guarantee Series F of 2016 due 2035” and, subject to the provisions of the Indenture, shall be limited to the aggregate principal amount of Sixty Million Dollars ($60,000,000). The bonds of Guarantee Series F are to be issued and secured by the Lien of the Indenture.
(b)      The bonds of Guarantee Series G shall be designated, as hereinbefore recited, as the Company’s “First Mortgage Bonds, Guarantee Series G of 2016 due 2033” and, subject to the provisions of the Indenture, shall be limited to the aggregate principal amount of Fifty Four Million Six Hundred Thousand Dollars ($54,600,000). The bonds of Guarantee Series G are to be issued and secured by the Lien of the Indenture.
SECTION 2.02. Form, Date, Maturity Date, Interest Rate and Interest Payment Dates of Bonds. (a) The definitive bonds of August 2016 Series shall be in engraved, lithographed, printed or typewritten form and shall be registered bonds without coupons, and such bonds and the Trustee’s certificate of authentication to be endorsed thereon shall be substantially in the respective forms included in Exhibits A and B hereto. The bonds of August 2016 Series shall be dated as provided in Section 3.03 of the Indenture.
(b)      The bonds of Guarantee Series F shall bear interest from the Initial Interest Accrual Date as provided in the form of the bond of Guarantee Series F, and such provisions are incorporated at this place as though set forth in their entirety. The interest rate and maturity date of the bonds of Guarantee Series F shall be as set forth in the form of the bond of Guarantee Series F.
(c)      The interest on the bonds of Guarantee Series F so payable on any Interest Payment Date shall, subject to the exceptions provided in Section 3.07 of the Indenture, be paid to the person in whose name such Bond is registered on such Interest Payment Date.
(d)      The bonds of Guarantee Series G shall bear interest from the Initial Interest Accrual Date as provided in the form of the bonds of Guarantee Series G, and such provisions are incorporated at this place as though set forth in their entirety. The interest rate and maturity date of the bonds of Guarantee Series G shall be as set forth in the form of the bond of Guarantee Series G.
(e)      The interest on the bonds of Guarantee Series G so payable on any Interest Payment Date shall, subject to the exceptions provided in Section 3.07 of the Indenture, be paid to the person in whose name such Bond is registered on such Interest Payment Date.
SECTION 2.03. Bonds Issued as Collateral Security. The bonds of Guarantee Series F shall be issued, delivered, and pledged to, and registered in the name of, the BCIDA 2006-A Revenue Bond Trustee in order to secure and provide for, and as collateral security for, the due and punctual payment of the principal of and interest on the BCIDA 2006-A Revenue Bonds until the Release Date (as defined in the BCIDA 2006-A Pledge Agreement). The bonds of Guarantee Series G shall be issued, delivered, and pledged to, and registered in the name of, the OWDA 2010-B Revenue Bond Trustee in order to secure and provide for, and as collateral security for, the due and punctual payment of the principal and interest on the OWDA 2010-B Revenue Bonds until the Release Date (as defined in the OWDA 2010-B Pledge Agreement).





SECTION 2.04. Credit for Payments under the Revenue Bonds . (a) If and when the principal of any BCIDA 2006-A Revenue Bonds is paid, then there is deemed to be paid an equal principal amount of the bonds of Guarantee Series F then outstanding; provided, however, that such payment of the bonds of Guarantee Series F is deemed to be made only when and to the extent that notice of such payment of such BCIDA 2006-A Revenue Bonds is given by the Company to the Trustee.
(b)      If and when the principal of any OWDA 2010-B Revenue Bond is paid, then there is deemed to be paid an equal principal amount of the bonds of Guarantee Series G then outstanding; provided, however, that such payment of the bonds of Guarantee Series G is deemed to be made only when and to the extent that notice of such payment of such OWDA 2010-B Revenue Bonds is given by the Company to the Trustee.
SECTION 2.05. Execution of Bonds . The bonds of August 2016 Series shall be executed on behalf of the Company in accordance with Section 3.03 of the Indenture.
SECTION 2.06. Medium and Places of Payment of Principal of, and Interest on, Bonds; Transferability and Exchangeability . The principal of, and the interest on, the bonds of August 2016 Series shall be payable in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts, and such principal and interest shall be payable at the office or agency of the Company in the City of Cleveland, State of Ohio. The Corporate Trust Office of the Trustee shall serve as the initial location of such office. Subject to the limitations provided herein, the bonds of August 2016 Series shall be transferable and exchangeable, in the manner provided in Sections 3.05 and 3.06 of the Indenture, at said office or agency. The bonds of August 2016 Series shall not be transferable except (i) to a successor to the respective Revenue Bond Trustee under the respective Revenue Bond Indenture, (ii) in connection with the exercise of the rights and remedies of the holder thereof consequent upon an “Event of Default” as defined in the Indenture, or (iii) as may be necessary to comply with a final order of a court of competent jurisdiction in connection with any bankruptcy or reorganization proceeding of the Company.
SECTION 2.07. Denominations and Numbering of Bonds . The bonds of August 2016 Series shall be issued in the denomination of $1,000 and any integral multiple thereof. Each series of the bonds of August 2016 Series shall each be numbered R-1 and consecutively upwards.
SECTION 2.08. Temporary Bonds . Until definitive bonds of August 2016 Series are ready for delivery, there may be authenticated and issued in lieu of any thereof and subject to all of the provisions, limitations, and conditions set forth in Section 3.04 of the Indenture, temporary registered bonds of August 2016 Series without coupons.











SECTION 2.09. Mandatory Redemption . The bonds of August 2016 Series shall be subject to mandatory redemption as provided in the respective forms thereof.
SECTION 2.10. Confirmation of Lien . The Company, for the equal and proportionate benefit and security of the holders of all Bonds at any time issued under the Indenture, hereby confirms the lien and security interest of the Indenture upon, and hereby grants, bargains, sells, releases, conveys, assigns, transfers, mortgages, pledges, sets over and confirms to the Trustee, and grants to the Trustee a security interest in, the Mortgaged Property (as defined in the Indenture), but excluding from such lien, security interest and grant all property which, by virtue of any of the provisions of the Indenture, is excluded from the lien, security interests and granting clauses thereof.
ARTICLE III
MISCELLANEOUS
SECTION 3.01      Except as herein otherwise expressly provided, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Supplemental Indenture; 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 herein or in the bonds of August 2016 Series (except the Trustee’s authentication certificate), all of which are made by the Company solely; and this Supplemental Indenture is executed and accepted by the Trustee, subject to all the terms and conditions set forth in the Indenture, as fully to all intents and purposes as if the terms and conditions of the Indenture were herein set forth at length.
SECTION 3.02      As supplemented by this Supplemental Indenture, the Indenture is in all respects ratified and confirmed, and the Indenture as herein defined, and this Supplemental Indenture, shall be read, taken and construed as one and the same instrument.
SECTION 3.03      Nothing in this Supplemental Indenture contained shall or shall be construed to confer upon any person other than a Holder of Bonds issued under the Indenture, the Company and the Trustee any right or interest to avail himself of any benefit under any provision of the Indenture or of this Supplemental Indenture.
SECTION 3.04      This Supplemental Indenture may 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.


[Remainder of this page intentionally left blank.]
















Signature Page to Fifth Supplemental Indenture
FirstEnergy Nuclear Generation, LLC

IN WITNESS WHEREOF, FIRSTENERGY NUCLEAR GENERATION, LLC, party of the first part hereto, and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., party of the second part hereto, have caused these presents to be executed in their respective names as of the day and year first above written.
 
 
FIRSTENERGY NUCLEAR GENERATION, LLC
 
 
 
 
By:
/s/ Steven R. Staub
 
 
Steven R. Staub
 
 
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































Signature Page to Fifth Supplemental Indenture
FirstEnergy Nuclear Generation, LLC

STATE OF OHIO          )
)ss.:
COUNTY OF SUMMIT      )

On the 15 th day of August, 2016, personally appeared before me, a Notary Public in and for the said County and State aforesaid, Steven R. Staub, to me known and known to me to be the Vice President and Treasurer of FIRSTENERGY NUCLEAR GENERATION, LLC, the limited liability company which executed the foregoing instrument, and who severally acknowledged that he did sign such instrument as such Vice President and Treasurer of FIRSTENERGY NUCLEAR GENERATION, LLC, the same is his free act and deed and the free and corporate act and deed of said corporation.
IN WITNESS WHEREOF, I have hereunto set my hand and seal the 15 th day of August, 2016.
                        
 
/s/ Michele A. Buchtel
________________, Notary Public
Commission Expires Aug. 28, 2018
 
 
[NOTARIAL SEAL]    Michele A. Buchtel
Resident Summit County
Notary Public, State of Ohio
My Commission Expires: 08/28/2016















STATE OF OHIO          )
)ss.:
COUNTY OF CUYAHOGA      )

On the 12 day of August, 2016, personally appeared before me, a Notary Public in and for the said County and State aforesaid, Lisa J. Jennings, to me known and known to me to be a Vice President of THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., the national banking association which executed the foregoing instrument, and who severally acknowledged that he did sign such instrument as such Vice President for and on behalf of said national banking association and that the same is his free act and deed and the free and corporate act and deed of said national banking association.
IN WITNESS WHEREOF, I have hereunto set my hand and seal the 12 day of August, 2016.
                        
 
/s/ Mary C. Keating
Mary C. Keating, Notary Public
Commission Expires 7-21-2021

[NOTARIAL SEAL]          MARY C. KEATING
NOTARY PUBLIC
FOR THE
STATE OF OHIO
My Commission Expires
July 21, 2021





















The Bank of New York Mellon Trust Company, N.A. hereby certifies that its precise name and address as Trustee is:
The Bank of New York Mellon Trust Company, N.A.
Global Corporate Trust
1660 West 2 nd Street, Suite 830
Cleveland, Ohio 44113
                    
THE BANK OF NEW YORK MELLON TRUST
COMPANY, N.A.
 
By:
/s/ Lisa J. Jennings
 
Lisa J. Jennings
 
Vice President


















































THIS INSTRUMENT PREPARED BY:

Lucas F. Torres
Akin Gump Strauss Hauer & Feld LLP
One Bryant Park
New York, NY 10036



















































Exhibit A
[FORM OF FIRST MORTGAGE BOND OF GUARANTEE SERIES F]
THIS BOND IS NOT TRANSFERABLE EXCEPT (I) TO A SUCCESSOR TRUSTEE UNDER THE TRUST INDENTURE, DATED AS OF APRIL 1, 2006, AS AMENDED, BETWEEN THE BEAVER COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY AND THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE, REFERRED TO HEREIN, (II) IN CONNECTION WITH THE EXERCISE OF THE RIGHTS AND REMEDIES OF THE HOLDER HEREOF CONSEQUENT UPON AN “EVENT OF DEFAULT” AS DEFINED IN THE INDENTURE REFERRED TO HEREIN OR (III) AS MAY BE NECESSARY TO COMPLY WITH A FINAL ORDER OF A COURT OF COMPETENT JURISDICTION IN CONNECTION WITH ANY BANKRUPTCY OR REORGANIZATION PROCEEDING OF THE COMPANY.
FIRSTENERGY NUCLEAR GENERATION, LLC
First Mortgage Bond, Guarantee Series F of 2016 due 2035
Due January 1, 2035
$60,000,000                                          No. R-1
FIRSTENERGY NUCLEAR GENERATION, LLC (formerly known as FirstEnergy Nuclear Generation Corp.), a limited liability company of the State of Ohio (herein, together with its successors and assigns, the “ Company ”), for value received promises to pay to The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Revenue Bond Trustee ”) under that certain Trust Indenture, dated as of April 1, 2006, as amended, between the Beaver County Industrial Development Authority and the Revenue Bond Trustee, securing $60,000,000 of Beaver County Industrial Development Authority Pollution Control Revenue Refunding Bonds, Series 2006-A (FirstEnergy Nuclear Generation Project) issued for the benefit of the Company (the “ Revenue Bonds ”) (such Trust Indenture, as amended from time to time, hereinafter the “ Revenue Bond Indenture ”), or registered assigns, on January 1, 2035, the principal sum of Sixty Million Dollars, and to pay interest on the unpaid principal amount from the Initial Interest Accrual Date (as hereinafter defined) at the Revenue Bond Interest Rate (as hereinafter defined) per annum payable semi-annually on January 1 and July 1 in each year commencing on the January 1 or July 1 immediately succeeding the Initial Interest Accrual Date (each such date herein referred to as an “ Interest Payment Date ”) on and until maturity, or, in the case of any Bonds of this series duly called for redemption, on and until the redemption date, or in the case of any default by the Company in the payment of the principal due on any Bonds of this series, until the Company’s obligation with respect to the payment of such principal shall be discharged as provided in the Indenture (as hereinafter defined). The interest on each Bond of this series so payable on any Interest Payment Date shall, subject to the exceptions provided in Section 3.07 of the Indenture, be paid to the person in whose name such Bond is registered on the date of such payment. The principal of, and the interest on, this Bond shall be payable at the office or agency of the Company in the City of Cleveland, State of Ohio in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts.








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 secured by an Open-End Mortgage, General Mortgage Indenture and Deed of Trust, dated as of June 1, 2009, duly executed by the Company to The Bank of New York Mellon Trust Company, N.A., a national banking association organized and existing under the laws of the United States of America, as Trustee (the “ Trustee ”), and indentures supplemental thereto, heretofore or hereafter executed, including the Fifth Supplemental Indenture dated as of August 15, 2016 (as amended, supplemented, modified or restated, the “ Supplemental Indenture ”), to which Open-End Mortgage, General Mortgage Indenture and Deed of Trust and all indentures supplemental thereto (collectively referred to as the “ Indenture ”) reference is hereby made for a description of the property mortgaged and pledged, the nature and extent of the security, the terms and conditions upon which such Bonds are, and are to be, issued and secured, and the rights of the owners of such Bonds and the Trustee in respect of such security. As provided in the Indenture, such Bonds may be in various principal sums, are issuable in series, may mature at different times, may bear interest at different rates and may otherwise vary as therein provided; and this Bond is one Bond of a series entitled “First Mortgage Bonds, Guarantee Series F of 2016 due 2035,” created by the Supplemental Indenture, as provided for in the Indenture, and authorized for issuance in an aggregate principal amount of up to $60,000,000.
If and when the principal of any Revenue Bonds is paid, then there is deemed to be paid an equal principal amount of the Bonds of this series then outstanding; provided, however, that such payment of the Bonds of this series is deemed to be made only when and to the extent that notice of such payment of such Revenue Bonds is given by the Company to the Trustee.
The Bonds of this series have been delivered and pledged to the Revenue Bond Trustee pursuant to a Pledge Agreement, dated August 15, 2016, between the Company and the Revenue Bond Trustee (the “ Pledge Agreement ”), as security for the Revenue Bonds until the Release Date (as defined in the Pledge Agreement). The Bonds of this series shall be redeemed by the Company in whole at any time prior to maturity at a redemption price of 100% of the principal amount thereof plus accrued and unpaid interest to the date of redemption following receipt by the Trustee of written demand for redemption (a “ Redemption Demand ”) from an authorized representative of the Revenue Bond Trustee under the Revenue Bond Indenture stating that the principal amount of all the Revenue Bonds then outstanding under the Revenue Bond Indenture has been declared due and payable pursuant to the provisions of Section 11.02 of the Revenue Bond Indenture, specifying the date of the accelerated maturity of such Revenue Bonds and the date or dates from which interest on the Revenue Bonds has then accrued and is unpaid (specifying the rate or rates of such accrual and the principal amount of the particular Revenue Bonds to which such rates apply), stating such declaration of maturity has not been annulled and demanding payment of the principal amount of the Bonds of this series plus accrued interest thereon to the date fixed for such redemption. The date fixed for such redemption shall be set forth in the aforesaid Redemption Demand and shall not be earlier than the date specified in such Redemption Demand as the date of accelerated maturity of the Revenue Bonds then outstanding under the Revenue Bond Indenture and not later than forty-five days after the Trustee’s receipt of such Redemption Demand unless such forty-fifth day is earlier than such date of accelerated maturity. The Revenue Bond Trustee as the sole holder of the Bonds of this series, and any successor thereto, hereby irrevocably waives any requirement of notice of such redemption under Section 5.04 of the Indenture. Upon receipt of the aforesaid Redemption Demand, the earliest date from which unpaid interest on the Revenue Bonds has then accrued (as specified by the Revenue Bond Trustee in the Redemption Demand) shall become the initial interest accrual date (the “ Initial Interest Accrual Date ”) with respect to the Bonds of this series; provided, however, on any demand for payment of the principal amount thereof at maturity as a result of the principal of the Revenue Bonds becoming due and payable on the maturity date of the Bonds of this series, the earliest date from which unpaid interest on the Revenue Bonds has then accrued shall become the Initial Interest Accrual Date with respect to the Bonds of this series, such date, together with each other different date from





which unpaid interest on the Revenue Bonds has then accrued, to be as stated in a written notice from the Revenue Bond Trustee to the Trustee, which notice shall also specify the rate or rates of such accrual and the principal amount of the particular Revenue Bonds to which such rate or rates apply. Such redemption shall become null and void for all purposes under the Indenture (including the fixing of the Initial Interest Accrual Date with respect to the Bonds of this series) upon receipt by the Trustee of written notice from the Revenue Bond Trustee of the annulment of the acceleration of the maturity of the Revenue Bonds then outstanding under the Revenue Bond Indenture and of the rescission of the aforesaid Redemption Demand prior to the redemption date specified in the Redemption Demand, and thereupon no redemption of the Bonds of this series and no payment in respect thereof as specified in the Redemption Demand, shall be effected or required. But no such rescission shall extend to any subsequent Redemption Demand from the Revenue Bond Trustee or impair any right consequent on any such subsequent Redemption Demand.
The “ Revenue Bond Interest Rate ” shall be the same rate of interest per annum as is borne by the Revenue Bonds; provided, however, that if there are different rates of interest borne by the Revenue Bonds, or if interest is required to be paid on the Revenue Bonds more frequently than on each January 1 or July 1, the Revenue Bond Interest Rate shall be the rate that results in the total amount of interest payable on an Interest Payment Date, a redemption date or at maturity, as the case may be, or at any other time interest on this Bond is due and payable, to be equal to the total amount of unpaid interest that has accrued on all then outstanding Revenue Bonds.
The principal 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 an “Event of Default” as therein defined.
From and after the Release Date, the Bonds of this series shall be deemed fully paid, satisfied and discharged and the obligation of the Company thereunder shall be terminated. On the Release Date or promptly following, the Bonds of this series shall be surrendered to and cancelled by the Trustee.
No recourse shall be had for the payment of the principal of or premium, or interest if any, on this Bond, or any part hereof, or for any claim based hereon or otherwise in respect hereof, or of the indebtedness represented hereby, or upon any obligation, covenant or agreement under the Indenture, against any incorporator, stockholder, officer or director, as such, past, present or future of the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any constitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability of incorporators, stockholders, officers and directors being released by the registered owner hereof by the acceptance of this Bond and being likewise waived and released by the terms of the Indenture.











This Bond is nontransferable except to (i) effect transfer to any successor to the Revenue Bond Trustee under the Revenue Bond Indenture, (ii) in connection with the exercise of the rights and remedies of the holder hereof consequent upon an “Event of Default” as defined in the Indenture or (iii) as may be necessary to comply with a final order of a court of competent jurisdiction in connection with any bankruptcy or reorganization proceeding of the Company. But this Bond is exchangeable by the registered holder hereof, in person or by attorney duly authorized, at the Corporate Trust Office of the Trustee, any such permitted transfer or exchange to be made in the manner and upon the conditions prescribed in the Indenture, upon the surrender and cancellation of this Bond and the payment of any applicable taxes and fees required by law, and upon any such transfer or exchange a new registered Bond or Bonds of the same series and tenor, will be issued to the authorized transferee, or the registered holder, as the case may be. The Company and the Trustee may deem and treat the person in whose name this Bond is registered as the absolute owner for the purpose of receiving payment of or on account of the principal and interest due hereon and for all other purposes.
This Bond shall not be valid until authenticated by the manual signature of the Trustee, or a successor Trustee or Authenticating Agent appointed pursuant to the Indenture.























IN WITNESS WHEREOF, the Company has caused this Bond to be executed in its name by the manual or facsimile signature of an Authorized Executive Officer and attested by the manual or facsimile signature of another Authorized Executive Officer.
Dated: August 15, 2016
FIRSTENERGY NUCLEAR GENERATION, LLC

By:_______________________________________
Name: James F. Pearson
Title: Executive Vice President and Chief Financial Officer
Attest:

_________________________________________
Name: Ketan K. Patel
Title: Vice President and Corporate Secretary
[FORM OF TRUSTEE’S AUTHENTICATION CERTIFICATE]
TRUSTEE’S AUTHENTICATION CERTIFICATE
This is one of the Bonds of the series designated therein referred to in the within-mentioned Indenture.

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

By:__________________________________
Authorized Signatory

















Exhibit B
[FORM OF FIRST MORTGAGE BOND OF GUARANTEE SERIES G]
THIS BOND IS NOT TRANSFERABLE EXCEPT (I) TO A SUCCESSOR TRUSTEE UNDER THE TRUST INDENTURE, DATED AS OF NOVEMBER 15, 2010, BETWEEN THE OHIO WATER DEVELOPMENT AUTHORITY AND THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., AS TRUSTEE, REFERRED TO HEREIN, (II) IN CONNECTION WITH THE EXERCISE OF THE RIGHTS AND REMEDIES OF THE HOLDER HEREOF CONSEQUENT UPON AN “EVENT OF DEFAULT” AS DEFINED IN THE INDENTURE REFERRED TO HEREIN OR (III) AS MAY BE NECESSARY TO COMPLY WITH A FINAL ORDER OF A COURT OF COMPETENT JURISDICTION IN CONNECTION WITH ANY BANKRUPTCY OR REORGANIZATION PROCEEDING OF THE COMPANY.
FIRSTENERGY NUCLEAR GENERATION, LLC
First Mortgage Bond, Guarantee Series G of 2016 due 2033
Due June 1, 2033
$54,600,000                                          No. R-1
FIRSTENERGY NUCLEAR GENERATION, LLC (formerly known as FirstEnergy Nuclear Generation Corp.), a limited liability company of the State of Ohio (herein, together with its successors and assigns, the “ Company ”), for value received promises to pay to The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Revenue Bond Trustee ”) under that certain Trust Indenture, dated as of November 15, 2010, between the Ohio Water Development Authority and the Revenue Bond Trustee, securing $54,600,000 of State of Ohio Pollution Control Revenue Refunding Bonds, Series 2010-B (FirstEnergy Nuclear Generation Corp. Project) issued for the benefit of the Company (the “ Revenue Bonds ”) (such Trust Indenture, as amended from time to time, hereinafter the “ Revenue Bond Indenture ”), or registered assigns, on June 1, 2033, the principal sum of Fifty-Four Million Six Hundred Thousand Dollars, and to pay interest on the unpaid principal amount from the Initial Interest Accrual Date (as hereinafter defined) at the Revenue Bond Interest Rate (as hereinafter defined) per annum payable semi-annually on June 1 and December 1 in each year commencing on the June 1 or December 1 immediately succeeding the Initial Interest Accrual Date (each such date herein referred to as an “ Interest Payment Date ”) on and until maturity, or, in the case of any Bonds of this series duly called for redemption, on and until the redemption date, or in the case of any default by the Company in the payment of the principal due on any Bonds of this series, until the Company’s obligation with respect to the payment of such principal shall be discharged as provided in the Indenture (as hereinafter defined). The interest on each Bond of this series so payable on any Interest Payment Date shall, subject to the exceptions provided in Section 3.07 of the Indenture, be paid to the person in whose name such Bond is registered on the date of such payment. The principal of, and the interest on, this Bond shall be payable at the office or agency of the Company in the City of Cleveland, State of Ohio in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts.








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 secured by an Open-End Mortgage, General Mortgage Indenture and Deed of Trust, dated as of June 1, 2009, duly executed by the Company to The Bank of New York Mellon Trust Company, N.A., a national banking association organized and existing under the laws of the United States of America, as Trustee (the “ Trustee ”), and indentures supplemental thereto, heretofore or hereafter executed, including the Fifth Supplemental Indenture dated as of August 15, 2016 (as amended, supplemented, modified or restated, the “ Supplemental Indenture ”), to which Open-End Mortgage, General Mortgage Indenture and Deed of Trust and all indentures supplemental thereto (collectively referred to as the “ Indenture ”) reference is hereby made for a description of the property mortgaged and pledged, the nature and extent of the security, the terms and conditions upon which such Bonds are, and are to be, issued and secured, and the rights of the owners of such Bonds and the Trustee in respect of such security. As provided in the Indenture, such Bonds may be in various principal sums, are issuable in series, may mature at different times, may bear interest at different rates and may otherwise vary as therein provided; and this Bond is one Bond of a series entitled “First Mortgage Bonds, Guarantee Series G of 2016 due 2033,” created by the Supplemental Indenture, as provided for in the Indenture, and authorized for issuance in an aggregate principal amount of up to $54,600,000.
If and when the principal of any Revenue Bonds is paid, then there is deemed to be paid an equal principal amount of the Bonds of this series then outstanding; provided, however, that such payment of the Bonds of this series is deemed to be made only when and to the extent that notice of such payment of such Revenue Bonds is given by the Company to the Trustee.
The Bonds of this series have been delivered and pledged to the Revenue Bond Trustee pursuant to a Pledge Agreement, dated August 15, 2016, between the Company and the Revenue Bond Trustee (the “ Pledge Agreement ”), as security for the Revenue Bonds until the Release Date (as defined in the Pledge Agreement). The Bonds of this series shall be redeemed by the Company in whole at any time prior to maturity at a redemption price of 100% of the principal amount thereof plus accrued and unpaid interest to the date of redemption following receipt by the Trustee of written demand for redemption (a “ Redemption Demand ”) from an authorized representative of the Revenue Bond Trustee under the Revenue Bond Indenture stating that the principal amount of all the Revenue Bonds then outstanding under the Revenue Bond Indenture has been declared due and payable pursuant to the provisions of Section 11.02 of the Revenue Bond Indenture, specifying the date of the accelerated maturity of such Revenue Bonds and the date or dates from which interest on the Revenue Bonds has then accrued and is unpaid (specifying the rate or rates of such accrual and the principal amount of the particular Revenue Bonds to which such rates apply), stating such declaration of maturity has not been annulled and demanding payment of the principal amount of the Bonds of this series plus accrued interest thereon to the date fixed for such redemption. The date fixed for such redemption shall be set forth in the aforesaid Redemption Demand and shall not be earlier than the date specified in such Redemption Demand as the date of accelerated maturity of the Revenue Bonds then outstanding under the Revenue Bond Indenture and not later than forty-five days after the Trustee’s receipt of such Redemption Demand unless such forty-fifth day is earlier than such date of accelerated maturity. The Revenue Bond Trustee as the sole holder of the Bonds of this series, and any successor thereto, hereby irrevocably waives any requirement of notice of such redemption under Section 5.04 of the Indenture. Upon receipt of the aforesaid Redemption Demand, the earliest date from which unpaid interest on the Revenue Bonds has then accrued (as specified by the Revenue Bond Trustee in the Redemption Demand) shall become the initial interest accrual date (the “ Initial Interest Accrual Date ”) with respect to the Bonds of this series; provided, however, on any demand for payment of the principal amount thereof at maturity as a result of the principal of the Revenue Bonds becoming due and payable on the maturity date of the Bonds of this series, the earliest date from which unpaid interest on the Revenue Bonds has then accrued shall become the Initial Interest Accrual Date with respect to the Bonds of this series, such date, together with each other different date from





which unpaid interest on the Revenue Bonds has then accrued, to be as stated in a written notice from the Revenue Bond Trustee to the Trustee, which notice shall also specify the rate or rates of such accrual and the principal amount of the particular Revenue Bonds to which such rate or rates apply. Such redemption shall become null and void for all purposes under the Indenture (including the fixing of the Initial Interest Accrual Date with respect to the Bonds of this series) upon receipt by the Trustee of written notice from the Revenue Bond Trustee of the annulment of the acceleration of the maturity of the Revenue Bonds then outstanding under the Revenue Bond Indenture and of the rescission of the aforesaid Redemption Demand prior to the redemption date specified in the Redemption Demand, and thereupon no redemption of the Bonds of this series and no payment in respect thereof as specified in the Redemption Demand, shall be effected or required. But no such rescission shall extend to any subsequent Redemption Demand from the Revenue Bond Trustee or impair any right consequent on any such subsequent Redemption Demand.
The “ Revenue Bond Interest Rate ” shall be the same rate of interest per annum as is borne by the Revenue Bonds; provided, however, that if there are different rates of interest borne by the Revenue Bonds, or if interest is required to be paid on the Revenue Bonds more frequently than on each June 1 or December 1, the Revenue Bond Interest Rate shall be the rate that results in the total amount of interest payable on an Interest Payment Date, a redemption date or at maturity, as the case may be, or at any other time interest on this Bond is due and payable, to be equal to the total amount of unpaid interest that has accrued on all then outstanding Revenue Bonds.
The principal 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 an “Event of Default” as therein defined.
From and after the Release Date, the Bonds of this series shall be deemed fully paid, satisfied and discharged and the obligation of the Company thereunder shall be terminated. On the Release Date or promptly following, the Bonds of this series shall be surrendered to and cancelled by the Trustee.
No recourse shall be had for the payment of the principal of or premium, or interest if any, on this Bond, or any part hereof, or for any claim based hereon or otherwise in respect hereof, or of the indebtedness represented hereby, or upon any obligation, covenant or agreement under the Indenture, against any incorporator, stockholder, officer or director, as such, past, present or future of the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any constitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability of incorporators, stockholders, officers and directors being released by the registered owner hereof by the acceptance of this Bond and being likewise waived and released by the terms of the Indenture.











This Bond is nontransferable except to (i) effect transfer to any successor to the Revenue Bond Trustee under the Revenue Bond Indenture, (ii) in connection with the exercise of the rights and remedies of the holder hereof consequent upon an “Event of Default” as defined in the Indenture or (iii) as may be necessary to comply with a final order of a court of competent jurisdiction in connection with any bankruptcy or reorganization proceeding of the Company. But this Bond is exchangeable by the registered holder hereof, in person or by attorney duly authorized, at the Corporate Trust Office of the Trustee, any such permitted transfer or exchange to be made in the manner and upon the conditions prescribed in the Indenture, upon the surrender and cancellation of this Bond and the payment of any applicable taxes and fees required by law, and upon any such transfer or exchange a new registered Bond or Bonds of the same series and tenor, will be issued to the authorized transferee, or the registered holder, as the case may be. The Company and the Trustee may deem and treat the person in whose name this Bond is registered as the absolute owner for the purpose of receiving payment of or on account of the principal and interest due hereon and for all other purposes.
This Bond shall not be valid until authenticated by the manual signature of the Trustee, or a successor Trustee or Authenticating Agent appointed pursuant to the Indenture.























IN WITNESS WHEREOF, the Company has caused this Bond to be executed in its name by the manual or facsimile signature of an Authorized Executive Officer and attested by the manual or facsimile signature of another Authorized Executive Officer.
Dated: August 15, 2016
FIRSTENERGY NUCLEAR GENERATION, LLC

By:_______________________________________
Name: James F. Pearson
Title: Executive Vice President and Chief Financial Officer
Attest:

_________________________________________
Name: Ketan K. Patel
Title: Vice President and Corporate Secretary

[FORM OF TRUSTEE’S AUTHENTICATION CERTIFICATE]
TRUSTEE’S AUTHENTICATION CERTIFICATE
This is one of the Bonds of the series designated therein referred to in the within-mentioned Indenture.

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

By:__________________________________
Authorized Signatory





Schedule 1

Filing Offices For the Original Indenture
Plant
Jurisdiction/Filing Office
Recording Information
Date filed
Davis Besse
Office of the County Recorder of Ottawa County, Ohio
OR Volume 1278, Page 204
June 12, 2009
Perry
Office of the County Recorder of Lake County, Ohio
Document # 2009R015200
June 12, 2009
Beaver Valley
Office of the County Recorder of Beaver County, Pennsylvania
Instrument No. 3346070
June 12, 2009












EXHIBIT 4.2
    




EIGHTH SUPPLEMENTAL INDENTURE

__________


FIRSTENERGY GENERATION, LLC


TO


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

__________

Dated as of August 15, 2016

__________

Providing among other things for

First Mortgage Bonds, Guarantee Series I of 2016 due 2028

First Mortgage Bonds, Guarantee Series J of 2016 due 2029

First Mortgage Bonds, Guarantee Series K of 2016 due 2047

First Mortgage Bonds, Guarantee Series L of 2016 due 2028

_________

Supplemental to Open-End Mortgage, General Mortgage
Indenture and Deed of Trust, Dated as of June 19, 2008






    









THIS EIGHTH SUPPLEMENTAL INDENTURE (this “ Supplemental Indenture ”), dated as of August 15, 2016, between FIRSTENERGY GENERATION, LLC (formerly known as FirstEnergy Generation Corp.), a limited liability company 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. (formerly known as The Bank of New York Trust Company, N.A.), a national banking association organized and existing under the laws of the United States of America, as Trustee (hereinafter called the “ Trustee ”) under the Open-End Mortgage, General Mortgage Indenture and Deed of Trust, dated as of June 19, 2008 (hereinafter called the “ Original Indenture ”) with the Company.
W I T N E S S E T H:
WHEREAS , the Company has heretofore duly executed and delivered to the Trustee the Original Indenture to secure Bonds of the Company, issuable in series, from time to time, in the manner and subject to the conditions set forth, and without limit as to principal amount except as provided in the Original Indenture which Original Indenture has been filed for record in the filing offices set forth on Schedule 1 attached hereto and incorporated herein by reference; and
WHEREAS , the Company has heretofore executed and delivered to the Trustee, a First Supplemental Indenture supplementing the Original Indenture dated as of June 25, 2008 (the “ First Supplemental Indenture ”), a Second Supplemental Indenture supplementing the Original Indenture dated as of March 1, 2009 (the “ Second Supplemental Indenture ”), a Third Supplemental Indenture supplementing the Original Indenture dated as of March 31, 2009 (the “ Third Supplemental Indenture ”), a Fourth Supplemental Indenture supplementing the Original Indenture dated as of June 15, 2009 (the “ Fourth Supplemental Indenture ”), a Fifth Supplemental Indenture supplementing the Original Indenture dated as of June 30, 2009 (the “ Fifth Supplemental Indenture ”), a Sixth Supplemental Indenture supplementing the Original Indenture dated as of December 1, 2009 (the “ Sixth Supplemental Indenture ”), a Seventh Supplemental Indenture supplementing the Original Indenture dated as of February 14, 2012 (the “ Seventh Supplemental Indenture ”) and the Original Indenture, which, as supplemented by the aforementioned First Supplemental Indenture, Second Supplemental Indenture, Third Supplemental Indenture, Fourth Supplemental Indenture, Fifth Supplemental Indenture, Sixth Supplemental Indenture, Seventh Supplemental Indenture and this Supplemental Indenture and any other indentures supplemental to the Original Indenture, is herein referred to as the “ Indenture ”; and
WHEREAS , the Company, by appropriate corporate action in conformity with the terms of the Indenture, has duly determined to create five new series of Bonds under the Indenture, consisting of (i) $25,000,000 in aggregate principal amount to be designated as “First Mortgage Bonds, Guarantee Series I of 2016 due 2028” (hereinafter referred to as the “ bonds of Guarantee Series I ”); (ii) $100,000,000 in aggregate principal amount to be designated as “First Mortgage Bonds, Guarantee Series J of 2016 due 2029 (hereinafter referred to as the “ bonds of Guarantee Series J ”); (iii) $46,300,000 in aggregate principal amount to be designated as “First Mortgage Bonds, Guarantee Series K of 2016 due 2047” (hereinafter referred to as the “ bonds of Guarantee Series K ”); (iv) $15,000,000 in aggregate principal amount to be designated as “First Mortgage Bonds, Guarantee Series L of 2016 due 2028” (hereinafter referred to as the “ bonds of Guarantee Series L ” and together with the bonds of Guarantee Series I, the bonds of Guarantee Series J, and the bonds of Guarantee Series K, the “ bonds of August 2016 Series ”), which shall bear interest at the respective rates per annum set forth in, shall be subject to certain redemption rights and obligations set forth in, and will otherwise be in the respective forms and have the terms and provisions provided for in this Supplemental Indenture; and






WHEREAS , the bonds of Guarantee Series I and the Trustee’s certificate of authentication to be endorsed thereon shall be substantially in the form included in Exhibit A hereto; the bonds of Guarantee Series J and the Trustee’s certificate of authentication to be endorsed thereon shall be substantially in the form included in Exhibit B hereto; the bonds of Guarantee Series K and the Trustee’s certificate of authentication to be endorsed thereon shall be substantially in the form included in Exhibit C hereto; and the bonds of Guarantee Series L and the Trustee’s certificate of authentication to be endorsed thereon shall be substantially in the form included in Exhibit D hereto; and
WHEREAS , it is provided in the Indenture, among other things, that the Company shall execute and file with the Trustee and the Trustee, at the request of the Company, when required by the Indenture, shall join in indentures supplemental thereto, and which thereafter shall form a part thereof, for the purpose, among others of providing for the creation of any series of Bonds and specifying the form and provisions of the Bonds of such series; and
WHEREAS , the Company deems it advisable to enter into this Supplemental Indenture for the purposes of establishing the form, terms and provisions of the bonds of Guarantee Series I, the bonds of Guarantee Series J, the bonds of Guarantee Series K and the bonds of Guarantee Series L as provided and contemplated by Sections 2.01(a) and 3.01(b) of the Indenture, and the Company has requested and hereby requests the Trustee to join in the execution of this Supplemental Indenture; and
WHEREAS , all acts and things have been done and performed which are necessary to make this Supplemental Indenture, when duly executed and delivered, a valid, binding and legal instrument in accordance with its terms and for the purposes herein expressed; and the execution and delivery of this Supplemental Indenture have been in all respects duly authorized.
NOW THEREFORE , in consideration of the premises and in further consideration of the sum of One Dollar in lawful money of the United States of America paid to the Company by the Trustee at or before the execution and delivery of this Supplemental Indenture, the receipt whereof is hereby acknowledged, and of other good and valuable consideration, it is agreed by and between the Company and the Trustee as follows:
ARTICLE I
DEFINITIONS
SECTION 1.01      Terms Incorporated by Reference .












Except for the terms defined in this Supplemental Indenture, all capitalized terms used in this Supplemental Indenture have the respective meanings set forth in the Original Indenture.
SECTION 1.02      Additional Definitions .
2002 A Pledge Agreement ” means the Pledge Agreement, dated August 15, 2016, between the Company and the 2002 A Revenue Bond Trustee pursuant to which the Company pledges and delivers the bonds of Guarantee Series L.
2002 A Revenue Bonds ” means the $15,000,000 aggregate principal amount of Exempt Facilities Revenue Bonds, Series 2002 A (Shippingport Project) issued by the Pennsylvania Economic Development Financing Authority.
2002 A Revenue Bond Indenture ” means the Amended and Restated Trust Indenture, dated as of November 1, 2012, between the Pennsylvania Economic Development Financing Authority and the 2002 A Revenue Bond Trustee, securing the 2002 A Revenue Bonds issued for the benefit of the Company.
2002 A Revenue Bond Trustee ” means The Bank of New York Mellon Trust Company, N.A., as trustee under that certain 2002 A Revenue Bond Indenture.
2008-B Pledge Agreement ” means the Pledge Agreement, dated August 15, 2016, between the Company and the 2008-B Revenue Bond Trustee pursuant to which the Company pledges and delivers the bonds of Guarantee Series K.
2008-B Revenue Bonds ” means the $46,300,000 aggregate principal amount of Beaver County Pollution Control Revenue Refunding Bonds, Series 2008-B (FirstEnergy Generation Project) issued by the Beaver County Industrial Development Authority.
2008-B Revenue Bond Indenture ” means the Trust Indenture, dated as of September 1, 2008, between the Beaver County Industrial Development Authority and the 2008-B Revenue Bond Trustee, securing the 2008-B Revenue Bonds issued for the benefit of the Company.
2008-B Revenue Bond Trustee ” means The Bank of New York Mellon Trust Company, N.A., as trustee under that certain 2008-B Revenue Bond Indenture.
2008-C Pledge Agreement ” means the Pledge Agreement, dated August 15, 2016, between the Company and the 2008-C Revenue Bond Trustee pursuant to which the Company pledges and delivers the bonds of Guarantee Series I.
2008-C Revenue Bonds ” means the $25,000,000 aggregate principal amount of Beaver County Industrial Development Authority Pollution Control Revenue Refunding Bonds, Series 2008-C (FirstEnergy Generation Project) to be issued by the Beaver County Industrial Development Authority.








2008-C Revenue Bond Indenture ” means the Trust Indenture, dated as of November 1, 2008, between the Beaver County Industrial Development Authority and the 2008-C Revenue Bond Trustee, securing the 2008-C Revenue Bonds issued for the benefit of the Company.
2008-C Revenue Bond Trustee ” means The Bank of New York Mellon Trust Company, N.A., as trustee under that certain 2008-C Revenue Bond Indenture.
2009-D Pledge Agreement ” means the Pledge Agreement, dated on or about September 15, 2016, between the Company and the 2009-D Revenue Bond Trustee pursuant to which the Company pledges and delivers the bonds of Guarantee Series J.
2009-D Revenue Bonds ” means the $100,000,000 aggregate principal amount of State of Ohio Pollution Control Revenue Refunding Bonds, Series 2009-D (FirstEnergy Generation Project) to be issued by the Ohio Air Quality Development Authority.
2009-D Revenue Bond Indenture ” means the Trust Indenture, dated as of June 1, 2009 as amended, between the Ohio Air Quality Development Authority and the 2009-D Revenue Bond Trustee, securing the 2009-D Revenue Bonds issued for the benefit of the Company.
2009-D Revenue Bond Trustee ” means The Bank of New York Mellon Trust Company, N.A., as trustee under that certain 2009-D Revenue Bond Indenture.
Bonds of August 2016 Series ” means collectively, the bonds of Guarantee Series I, the bonds of Guarantee Series J, the bonds of Guarantee Series K, and the bonds of Guarantee Series L.
Initial Interest Accrual Date ” shall have the respective meaning assigned to such term in the respective form of bond of Guarantee Series I, form of bond of Guarantee Series J, form of bond of Guarantee Series K, and form of bond of Guarantee Series L.
Interest Payment Date ” shall have the meaning assigned to such term in the respective form of bond of August 2016 Series.
Pledge Agreements ” means, collectively, the 2002 A Pledge Agreement, the 2008-B Pledge Agreement, the 2008-C Pledge Agreement, the 2009-A Pledge Agreement and the 2009-D Pledge Agreement.
Revenue Bond Indentures ” means, collectively, the 2002 A Revenue Bond Indenture, the 2008-B Revenue Bond Indenture, the 2008-C Revenue Bond Indenture, the 2009-A Revenue Bond Indenture and the 2009-D Revenue Bond Indenture.
Revenue Bond Trustees ” means, collectively, the 2002 A Revenue Bond Trustee, the 2008-B Revenue Bond Trustee, the 2008-C Revenue Bond Trustee, the 2009-A Revenue Bond Trustee, and the 2009-D Revenue Bond Trustee.








SECTION 1.03.      Rules of Construction. All references to any agreement refer to such agreement as modified, varied, supplemented, amended or restated from time to time by the parties thereto (including any permitted successors or assigns) in accordance with its terms.
ARTICLE II
BONDS
SECTION 2.01. Designation and Issuance of Bonds. (a)  The bonds of Guarantee Series I shall be designated, as hereinbefore recited, as the Company’s “First Mortgage Bonds, Guarantee Series I of 2016 due 2028” and, subject to the provisions of the Indenture, shall be limited to the aggregate principal amount of Twenty-Five Million Dollars ($25,000,000). The bonds of Guarantee Series I are to be issued and secured by the Lien of the Indenture.
(b)      The bonds of Guarantee Series J shall be designated, as hereinbefore recited, as the Company’s “First Mortgage Bonds, Guarantee Series J of 2016 due 2029” and, subject to the provisions of the Indenture, shall be limited to the aggregate principal amount of One Hundred Million Dollars ($100,000,000). The bonds of Guarantee Series J are to be issued and secured by the Lien of the Indenture.
(c)      The bonds of Guarantee Series K shall be designated, as hereinbefore recited, as the Company’s “First Mortgage Bonds, Guarantee Series K of 2016 due 2047” and, subject to the provisions of the Indenture, shall be limited to the aggregate principal amount of Forty-Six Million Three Hundred Thousand Dollars ($46,300,000). The bonds of Guarantee Series K are to be issued and secured by the Lien of the Indenture.
(d)      The bonds of Guarantee Series L shall be designated, as hereinbefore recited, as the Company’s “First Mortgage Bonds, Guarantee Series L of 2016 due 2028” and, subject to the provisions of the Indenture, shall be limited to the aggregate principal amount of Fifteen Million Dollars ($15,000,000). The bonds of Guarantee Series L are to be issued and secured by the Lien of the Indenture.
SECTION 2.02. Form, Date, Maturity Date, Interest Rate and Interest Payment Dates of Bonds. (a) The definitive bonds of August 2016 Series shall be in engraved, lithographed, printed or typewritten form and shall be registered bonds without coupons, and such bonds and the Trustee’s certificate of authentication to be endorsed thereon shall be substantially in the respective forms included in Exhibits A, B, C, and D hereto. The bonds of August 2016 Series shall be dated as provided in Section 3.03 of the Indenture.
(b)      The bonds of Guarantee Series I shall bear interest from the Initial Interest Accrual Date as provided in the form of the bond of Guarantee Series I, and such provisions are incorporated at this place as though set forth in their entirety. The interest rate and maturity date of the bonds of Guarantee Series I shall be as set forth in the form of the bond of Guarantee Series I.










(c)      The interest on the bonds of Guarantee Series I so payable on any Interest Payment Date shall, subject to the exceptions provided in Section 3.07 of the Indenture, be paid to the person in whose name such Bond is registered on such Interest Payment Date.
(d)      The bonds of Guarantee Series J shall bear interest from the Initial Interest Accrual Date as provided in the form of the bond of Guarantee Series J, and such provisions are incorporated at this place as though set forth in their entirety. The interest rate and maturity date of the bonds of Guarantee Series J shall be as set forth in the form of the bond of Guarantee Series J.
(e)      The interest on the bonds of Guarantee Series J so payable on any Interest Payment Date shall, subject to the exceptions provided in Section 3.07 of the Indenture, be paid to the person in whose name such bond is registered on such Interest Payment Date.
(f)      The bonds of Guarantee Series K shall bear interest from the Initial Interest Accrual Date as provided in the form of the bond of Guarantee Series K, and such provisions are incorporated at this place as though set forth in their entirety. The interest rate and maturity date of the bonds of Guarantee Series K shall be as set forth in the form of the bond of Guarantee Series K.
(g)      The interest on the bonds of Guarantee Series K so payable on any Interest Payment Date shall, subject to the exceptions provided in Section 3.07 of the Indenture, be paid to the person in whose name such bond is registered on such Interest Payment Date.
(h)      The bonds of Guarantee Series L shall bear interest from the Initial Interest Accrual Date as provided in the form of the bond of Guarantee Series L, and such provisions are incorporated at this place as though set forth in their entirety. The interest rate and maturity date of the bonds of Guarantee Series L shall be as set forth in the form of the bond of Guarantee Series L.
(i)      The interest on the bonds of Guarantee Series L so payable on any Interest Payment Date shall, subject to the exceptions provided in Section 3.07 of the Indenture, be paid to the person in whose name such bond is registered on such Interest Payment Date.
SECTION 2.03. Bonds Issued as Collateral Security. The bonds of Guarantee Series I shall be issued, delivered, and pledged to, and registered in the name of, the 2008-C Revenue Bond Trustee in order to secure and provide for, and as collateral security for, the due and punctual payment of the principal of and interest on the 2008-C Revenue Bonds until the Release Date (as defined in the 2008-C Pledge Agreement). The bonds of Guarantee Series J shall be issued, delivered, and pledged to, and registered in the name of, the 2009-D Revenue Bond Trustee in order to secure and provide for, and as collateral security for, the due and punctual payment of the principal of and interest on the 2009-D Revenue Bonds until the Release Date (as defined in the 2009-D Pledge Agreement). The bonds of Guarantee Series K shall be issued, delivered, and pledged to, and registered in the name of, the 2008-B Revenue Bond Trustee in order to secure and provide for, and as collateral security for, the due and punctual payment of the principal of and interest on the 2008-B Revenue Bonds until the Release Date (as defined in the 2008-B Pledge Agreement). The bonds of Guarantee Series L shall be issued, delivered, and pledged to, and registered in the name of, the 2002 A Revenue Bond Trustee in order to secure and provide for, and as collateral security for, the due and punctual payment of the principal of and interest on the 2002 A Revenue Bonds until the Release Date (as defined in the 2002 APledge Agreement).






SECTION 2.04. Credit for Payments of the Revenue Bonds. (a)      If and when the principal of any 2008-C Revenue Bonds is paid, then there is deemed to be paid an equal principal amount of the bonds of Guarantee Series I then outstanding; provided, however, that such payment of the bonds of Guarantee Series I is deemed to be made only when and to the extent that notice of such payment of such 2008-C Revenue Bonds is given by the Company to the Trustee.
(b)      If and when the principal of any 2009-D Revenue Bonds is paid, then there is deemed to be paid an equal principal amount of the bonds of Guarantee Series J then outstanding; provided, however, that such payment of the bonds of Guarantee Series J is deemed to be made only when and to the extent that notice of such payment of such 2009-D Revenue Bonds is given by the Company to the Trustee.
(c)      If and when the principal of any 2008-B Revenue Bonds is paid, then there is deemed to be paid an equal principal amount of the bonds of Guarantee Series K then outstanding; provided, however, that such payment of the bonds of Guarantee Series K is deemed to be made only when and to the extent that notice of such payment of such 2008-B Revenue Bonds is given by the Company to the Trustee.
(d)      If and when the principal of any 2002-A Revenue Bonds is paid, then there is deemed to be paid an equal principal amount of the bonds of Guarantee Series L then outstanding; provided, however, that such payment of the bonds of Guarantee Series L is deemed to be made only when and to the extent that notice of such payment of such 2002-A Revenue Bonds is given by the Company to the Trustee.
SECTION 2.05. Execution of Bonds. The bonds of August 2016 Series shall be executed on behalf of the Company in accordance with Section 3.03 of the Indenture.
SECTION 2.06. Medium and Places of Payment of Principal of, and Interest on, Bonds; Transferability and Exchangeability. The principal of, and the interest on, the bonds of August 2016 Series shall be payable in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts, and such principal and interest shall be payable at the office or agency of the Company in the City of Cleveland, State of Ohio. The Corporate Trust Office of the Trustee shall serve as the initial location of such office. Subject to the limitations provided herein, the bonds of August 2016 Series shall be transferable and exchangeable, in the manner provided in Sections 3.05 and 3.06 of the Indenture, at said office or agency. The bonds of August 2016 Series shall not be transferable except (i) to a successor to the respective Revenue Bond Trustee under the respective Revenue Bond Indenture, (ii) in connection with the exercise of the rights and remedies of the holder thereof consequent upon an event of default as defined in the Indenture, or (iii) as may be necessary to comply with a final order of a court of competent jurisdiction in connection with any bankruptcy or reorganization proceeding of the Company. No charge shall be made by the Company to the registered owner of any bond of August 2016 Series for the registration of transfer of such Bond or for the exchange thereof for Bonds of the same series of other authorized denominations, except, in the case of any transfer, a charge sufficient to reimburse the Company for any stamp or other tax or governmental charge required to be paid by the Company or the Trustee.









SECTION 2.07. Denominations and Numbering of Bonds . The bonds of August 2016 Series shall be issued in the denomination of $1,000 and any integral multiple thereof. Each series of the bonds of August 2016 Series shall each be numbered R-1 and consecutively upwards.
SECTION 2.08. Temporary Bonds. Until definitive bonds of August 2016 Series are ready for delivery, there may be authenticated and issued in lieu of any thereof and subject to all of the provisions, limitations, and conditions set forth in Section 3.04 of the Indenture, temporary registered bonds of August 2016 Series without coupons.
SECTION 2.09. Mandatory Redemption. The bonds of August 2016 Series shall be subject to mandatory redemption as provided in the respective forms thereof.
SECTION 2.10. Confirmation of Lien. The Company, for the equal and proportionate benefit and security of the holders of all Bonds at any time issued under the Indenture, hereby confirms the lien and security interest of the Indenture upon, and hereby grants, bargains, sells, releases, conveys, assigns, transfers, mortgages, pledges, sets over and confirms to the Trustee, and grants to the Trustee a security interest in, the Mortgaged Property, including all Additional Property heretofore made subject to the Indenture by virtue of one or more supplemental indentures..
ARTICLE III
MISCELLANEOUS
SECTION 3.01      Except as herein otherwise expressly provided, no duties, responsibilities or liabilities are assumed, or shall be construed to be assumed, by the Trustee by reason of this Supplemental Indenture; 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 herein or in the bonds of August 2016 Series (except the Trustee’s authentication certificate), all of which are made by the Company solely; and this Supplemental Indenture is executed and accepted by the Trustee, subject to all the terms and conditions set forth in the Indenture, as fully to all intents and purposes as if the terms and conditions of the Indenture were herein set forth at length.














SECTION 3.02      As supplemented by this Supplemental Indenture, the Indenture is in all respects ratified and confirmed, and the Indenture as herein defined, and this Supplemental Indenture, shall be read, taken and construed as one and the same instrument.
SECTION 3.03      Nothing in this Supplemental Indenture contained shall or shall be construed to confer upon any person other than a Holder of Bonds issued under the Indenture, the Company and the Trustee any right or interest to avail himself of any benefit under any provision of the Indenture or of this Supplemental Indenture.
SECTION 3.04      This Supplemental Indenture may 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.


[Remainder of this page intentionally left blank.]








































IN WITNESS WHEREOF, FIRSTENERGY GENERATION, LLC, party of the first part hereto, and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., party of the second part hereto, have caused these presents to be executed in their respective names as of the day and year first above written.
 
 
FIRSTENERGY GENERATION, LLC
 
 
 
 
By:
/s/ Steven R. Staub
 
 
Steven R. Staub
 
 
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 the 15 th day of August, 2016, personally appeared before me, a Notary Public in and for the said County and State aforesaid, Steven R. Staub, to me known and known to me to be the Vice President and Treasurer of FIRSTENERGY GENERATION, LLC, the limited liability company which executed the foregoing instrument, and who severally acknowledged that he did sign such instrument as such Vice President and Treasurer of FIRSTENERGY GENERATION, LLC, the same is his free act and deed and the free and company act and deed of said limited liability company.
IN WITNESS WHEREOF, I have hereunto set my hand and seal the 15 th day of August, 2016.
                        
 
/s/ Michele A. Buchtel
________________, Notary Public
Commission Expires Aug. 28, 2016
 
 
 
 
[NOTARIAL SEAL]    Michele A. Buchtel
Resident Summit County
Notary Public, State of Ohio
My Commission Expires: 08/28/2016


























STATE OF OHIO          )
)ss.:
COUNTY OF CUYAHOGA      )

On the 12 day of August, 2016, personally appeared before me, a Notary Public in and for the said County and State aforesaid, Lisa J. Jennings, to me known and known to me to be a Vice President of THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., the national banking association which executed the foregoing instrument, and who severally acknowledged that he did sign such instrument as such Vice President for and on behalf of said national banking association and that the same is his free act and deed and the free and corporate act and deed of said national banking association.
IN WITNESS WHEREOF, I have hereunto set my hand and seal the 12 day of August, 2016.
                            
 
/s/ Mary C. Keating
Mary C. Keating, Notary Public
Commission Expires 7-21-2021
 
 
[NOTARIAL SEAL]MARY C. KEATING
NOTARY PUBLIC
FOR THE
STATE OF OHIO
My Commission Expires
July 21, 2021






















The Bank of New York Mellon Trust Company, N.A. hereby certifies that its precise name and address as Trustee is:
The Bank of New York Mellon Trust Company, N.A.
Global Corporate Trust
1660 West 2 nd Street, Suite 830
Cleveland, Ohio 44113
THE BANK OF NEW YORK MELLON TRUST
COMPANY, N.A.
 
By:
/s/ Lisa J. Jennings
 
Lisa J. Jennings
 
Vice President


























THIS INSTRUMENT PREPARED BY:

Lucas F. Torres
Akin Gump Strauss Hauer & Feld LLP
One Bryant Park
New York, NY 10036





















































Exhibit A
[FORM OF FIRST MORTGAGE BOND OF GUARANTEE SERIES I]

This Bond is not transferable except (i) to a successor trustee under the Trust Indenture, dated as of November 1, 2008 as amended, between the Beaver County Industrial Development Authority and The Bank of New York Mellon Trust Company, N.A., as trustee, referred to herein, (ii) in connection with the exercise of the rights and remedies of the holder hereof consequent upon an “Event of Default” as defined in the Indenture referred to herein or (iii) as may be necessary to comply with a final order of a court of competent jurisdiction in connection with any bankruptcy or reorganization proceeding of the Company.
FIRSTENERGY GENERATION, LLC
First Mortgage Bond, Guarantee Series I of 2016 due 2028
Due June 1, 2028
$25,000,000      No. R-1

FIRSTENERGY GENERATION, LLC (formerly known as FirstEnergy Generation Corp.), a limited liability company of the State of Ohio (herein, together with its successors and assigns, the “ Company ”), for value received promises to pay to The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Revenue Bond Trustee ”) under that certain Trust Indenture, dated as of November 1, 2008 as amended, between the Beaver County Industrial Development Authority and the Revenue Bond Trustee, securing $25,000,000 of Beaver County Industrial Development Authority Pollution Control Revenue Refunding Bonds, Series 2008-C (FirstEnergy Generation Project) issued for the benefit of the Company (the “ Revenue Bonds ”) (such Trust Indenture, as amended from time to time, hereinafter the “ Revenue Bond Indenture ”), or registered assigns, on June 1, 2028, the principal sum of Twenty Five Million Dollars, and to pay interest on the unpaid principal amount from the Initial Interest Accrual Date (as hereinafter defined) at the Revenue Bond Interest Rate (as hereinafter defined) per annum payable semi-annually on May 1 and November 1 in each year commencing on the May 1 or November 1 immediately succeeding the Initial Interest Accrual Date (each such date herein referred to as an “ Interest Payment Date ”) on and until maturity, or, in the case of any Bonds of this series duly called for redemption, on and until the redemption date, or in the case of any default by the Company in the payment of the principal due on any Bonds of this series, until the Company’s obligation with respect to the payment of such principal shall be discharged as provided in the Indenture (as hereinafter defined). The interest on each Bond of this series so payable on any Interest Payment Date shall, subject to the exceptions provided in Section 3.07 of the Indenture, be paid to the person in whose name such Bond is registered on the date of such payment. The principal of, and the interest on, this Bond shall be payable at the office or agency of the Company in the City of Cleveland, State of Ohio in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts.









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 secured by an Open-End Mortgage, General Mortgage Indenture and Deed of Trust, dated as of June 19, 2008, duly executed by the Company to The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.), a national banking association organized and existing under the laws of the United States of America, as Trustee (the “ Trustee ”), and indentures supplemental thereto, heretofore or hereafter executed, including the Eighth Supplemental Indenture dated as of August 15, 2016 (as amended, supplemented, modified or restated, the Supplemental Indenture ), to which Open-End Mortgage, General Mortgage Indenture and Deed of Trust and all indentures supplemental thereto (collectively referred to as the “ Indenture ”) reference is hereby made for a description of the property mortgaged and pledged, the nature and extent of the security, the terms and conditions upon which such Bonds are, and are to be, issued and secured, and the rights of the owners of such Bonds and the Trustee in respect of such security. As provided in the Indenture, such Bonds may be in various principal sums, are issuable in series, may mature at different times, may bear interest at different rates and may otherwise vary as therein provided; and this Bond is one Bond of a series entitled “First Mortgage Bonds, Guarantee Series I of 2016 due 2028,” created by the Supplemental Indenture, as provided for in the Indenture, and authorized for issuance in an aggregate principal amount of up to $25,000,000.
If and when the principal of any Revenue Bonds is paid, then there is deemed to be paid an equal principal amount of the Bonds of this series then outstanding; provided, however, that such payment of the Bonds of this series is deemed to be made only when and to the extent that notice of such payment of such Revenue Bonds is given by the Company to the Trustee.
The Bonds of this series shall have been delivered and pledged to the Revenue Bond Trustee pursuant to a Pledge Agreement, dated August 15, 2016, between the Company and the Revenue Bond Trustee (the “ Pledge Agreement ”), as security for the Revenue Bonds until the Release Date (as defined in the Pledge Agreement). The Bonds of this series shall be redeemed by the Company in whole at any time prior to maturity at a redemption price of 100% of the principal amount thereof plus accrued and unpaid interest to the date of redemption following receipt by the Trustee of written demand for redemption (a “ Redemption Demand ”) from an authorized representative of the Revenue Bond Trustee under the Revenue Bond Indenture stating that the principal amount of all the Revenue Bonds then outstanding under the Revenue Bond Indenture has been declared due and payable pursuant to the provisions of Section 11.02 of the Revenue Bond Indenture, specifying the date of the accelerated maturity of such Revenue Bonds and the date or dates from which interest on the Revenue Bonds has then accrued and is unpaid (specifying the rate or rates of such accrual and the principal amount of the particular Revenue Bonds to which such rates apply), stating such declaration of maturity has not been annulled and demanding payment of the principal amount of the Bonds of this series plus accrued interest thereon to the date fixed for such redemption. The date fixed for such redemption shall be set forth in the aforesaid Redemption Demand and shall not be earlier than the date specified in such Redemption Demand as the date of accelerated maturity of the Revenue Bonds then outstanding under the Revenue Bond Indenture and not later than forty-five days after the Trustee’s receipt of such Redemption Demand unless such forty-fifth day is earlier than such date of accelerated maturity. The Revenue Bond Trustee as the sole holder of the Bonds of this series, and any successor thereto, hereby irrevocably waives any requirement of notice of such redemption under Section 5.04 of the Indenture. Upon receipt of the aforesaid Redemption Demand, the earliest date from which unpaid interest on the Revenue Bonds has then accrued (as specified by the Revenue Bond Trustee in the Redemption Demand) shall become the initial interest accrual date (the “ Initial Interest Accrual Date ”) with respect to the Bonds of this series; provided, however, on any demand for payment of the principal amount thereof at maturity as a result of the principal of the Revenue Bonds becoming due and payable on the maturity date of the Bonds of this series, the earliest date from which unpaid interest on the Revenue Bonds has then accrued shall become the Initial Interest Accrual Date with respect to the Bonds of this series, such date, together with each other different date from





which unpaid interest on the Revenue Bonds has then accrued, to be as stated in a written notice from the Revenue Bond Trustee to the Trustee, which notice shall also specify the rate or rates of such accrual and the principal amount of the particular Revenue Bonds to which such rate or rates apply. Such redemption shall become null and void for all purposes under the Indenture (including the fixing of the Initial Interest Accrual Date with respect to the Bonds of this series) upon receipt by the Trustee of written notice from the Revenue Bond Trustee of the annulment of the acceleration of the maturity of the Revenue Bonds then outstanding under the Revenue Bond Indenture and of the rescission of the aforesaid Redemption Demand prior to the redemption date specified in the Redemption Demand, and thereupon no redemption of the Bonds of this series and no payment in respect thereof as specified in the Redemption Demand, shall be effected or required. But no such rescission shall extend to any subsequent Redemption Demand from the Revenue Bond Trustee or impair any right consequent on any such subsequent Redemption Demand.
The “ Revenue Bond Interest Rate ” shall be the same rate of interest per annum as is borne by the Revenue Bonds; provided, however, that if there are different rates of interest borne by the Revenue Bonds, or if interest is required to be paid on the Revenue Bonds more frequently than on each May 1 or November 1, the Revenue Bond Interest Rate shall be the rate that results in the total amount of interest payable on an Interest Payment Date, a redemption date or at maturity, as the case may be, or at any other time interest on this Bond is due and payable, to be equal to the total amount of unpaid interest that has accrued on all then outstanding Revenue Bonds.

The principal 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 an Event of Default as therein defined.

From and after the Release Date, the Bonds of this series shall be deemed fully paid, satisfied and discharged and the obligation of the Company thereunder shall be terminated. On the Release Date or promptly following, the Bonds of this series shall be surrendered to and cancelled by the Trustee.

No recourse shall be had for the payment of the principal of or premium, or interest if any, on this Bond, or any part hereof, or for any claim based hereon or otherwise in respect hereof, or of the indebtedness represented hereby, or upon any obligation, covenant or agreement under the Indenture, against any incorporator, stockholder, officer or director, as such, past, present or future of the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any Constitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability of incorporators, stockholders, officers and directors being released by the registered owner hereof by the acceptance of this Bond and being likewise waived and released by the terms of the Indenture.

















This Bond is nontransferable except to (i) effect transfer to any successor to the Revenue Bond Trustee under the Revenue Bond Indenture, (ii) in connection with the exercise of the rights and remedies of the holder hereof consequent upon an “Event of Default” as defined in the Indenture or (iii) as may be necessary to comply with a final order of a court of competent jurisdiction in connection with any bankruptcy or reorganization proceeding of the Company. But this Bond is exchangeable by the registered holder hereof, in person or by attorney duly authorized, at the Corporate Trust Office of the Trustee, any such permitted transfer or exchange to be made in the manner and upon the conditions prescribed in the Indenture, upon the surrender and cancellation of this Bond and the payment of any applicable taxes and fees required by law, and upon any such transfer or exchange a new registered Bond or Bonds of the same series and tenor, will be issued to the authorized transferee, or the registered holder, as the case may be. The Company and the Trustee may deem and treat the person in whose name this Bond is registered as the absolute owner for the purpose of receiving payment of or on account of the principal and interest due hereon and for all other purposes.

This Bond shall not be valid until authenticated by the manual signature of the Trustee, or a successor Trustee or Authenticating Agent appointed pursuant to the Indenture.





































IN WITNESS WHEREOF, the Company has caused this Bond to be executed in its name by the manual or facsimile signature of an Authorized Executive Officer and attested by the manual or facsimile signature of another Authorized Executive Officer.
Dated: August 15, 2016
FIRSTENERGY GENERATION, LLC
By:     
Name: James F. Pearson
Title: Executive Vice President and Chief Financial Officer
Attest:
    
Name: Ketan K. Patel
Title: Vice President and Corporate Secretary


[FORM OF TRUSTEE’S AUTHENTICATION CERTIFICATE]

TRUSTEE’S AUTHENTICATION CERTIFICATE

This is one of the Bonds of the series designated therein referred to in the within-mentioned Indenture.

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


By:     
Authorized Signatory

    




















Exhibit B
[FORM OF FIRST MORTGAGE BOND OF GUARANTEE SERIES J]

This Bond is not transferable except (i) to a successor trustee under the Trust Indenture, dated as of June 1, 2009 as amended, between the Ohio Air Quality Development Authority and The Bank of New York Mellon Trust Company, N.A., as trustee, referred to herein, (ii) in connection with the exercise of the rights and remedies of the holder hereof consequent upon an “Event of Default” as defined in the Indenture referred to herein or (iii) as may be necessary to comply with a final order of a court of competent jurisdiction in connection with any bankruptcy or reorganization proceeding of the Company.
FIRSTENERGY GENERATION, LLC
First Mortgage Bond, Guarantee Series J of 2016 due 2029
Due August 1, 2029
$100,000,000                                                  No. R-1

FIRSTENERGY GENERATION, LLC (formerly known as FirstEnergy Generation Corp.), a limited liability company of the State of Ohio (herein, together with its successors and assigns, the “ Company ”), for value received promises to pay to The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Revenue Bond Trustee ”) under that certain Trust Indenture, dated as of June 1, 2009 as amended, between the Ohio Air Quality Development Authority and the Revenue Bond Trustee, securing $100,000,000 of State of Ohio Pollution Control Revenue Refunding Bonds, Series 2009-D (FirstEnergy Generation Project) issued for the benefit of the Company (the “ Revenue Bonds ”) (such Trust Indenture, as amended from time to time, hereinafter the “ Revenue Bond Indenture ”), or registered assigns, on August 1, 2029, the principal sum of One Hundred Million Dollars, and to pay interest on the unpaid principal amount from the Initial Interest Accrual Date (as hereinafter defined) at the Revenue Bond Interest Rate (as hereinafter defined) per annum payable semi-annually on March 15 and September 15 in each year commencing on the March 15 or September 15 immediately succeeding the Initial Interest Accrual Date (each such date herein referred to as an “ Interest Payment Date ”) on and until maturity, or, in the case of any Bonds of this series duly called for redemption, on and until the redemption date, or in the case of any default by the Company in the payment of the principal due on any Bonds of this series, until the Company’s obligation with respect to the payment of such principal shall be discharged as provided in the Indenture (as hereinafter defined). The interest on each Bond of this series so payable on any Interest Payment Date shall, subject to the exceptions provided in Section 3.07 of the Indenture, be paid to the person in whose name such Bond is registered on the date of such payment. The principal of, and the interest on, this Bond shall be payable at the office or agency of the Company in the City of Cleveland, State of Ohio in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts.









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 secured by an Open-End Mortgage, General Mortgage Indenture and Deed of Trust, dated as of June 19, 2008, duly executed by the Company to The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.), a national banking association organized and existing under the laws of the United States of America, as Trustee (the “ Trustee ”), and indentures supplemental thereto, heretofore or hereafter executed, including the Eighth Supplemental Indenture dated as of August 15, 2016 (as amended, supplemented, modified or restated, the Supplemental Indenture ), to which Open-End Mortgage, General Mortgage Indenture and Deed of Trust and all indentures supplemental thereto (collectively referred to as the “ Indenture ”) reference is hereby made for a description of the property mortgaged and pledged, the nature and extent of the security, the terms and conditions upon which such Bonds are, and are to be, issued and secured, and the rights of the owners of such Bonds and the Trustee in respect of such security. As provided in the Indenture, such Bonds may be in various principal sums, are issuable in series, may mature at different times, may bear interest at different rates and may otherwise vary as therein provided; and this Bond is one Bond of a series entitled “First Mortgage Bonds, Guarantee Series J of 2016 due 2029,” created by the Supplemental Indenture, as provided for in the Indenture, and authorized for issuance in an aggregate principal amount of up to $100,000,000.
If and when the principal of any Revenue Bonds is paid, then there is deemed to be paid an equal principal amount of the Bonds of this series then outstanding; provided, however, that such payment of the Bonds of this series is deemed to be made only when and to the extent that notice of such payment of such Revenue Bonds is given by the Company to the Trustee.
The Bonds of this series shall have been delivered and pledged to the Revenue Bond Trustee pursuant to a Pledge Agreement, dated September 15, 2016, between the Company and the Revenue Bond Trustee (the “ Pledge Agreement ”), as security for the Revenue Bonds until the Release Date (as defined in the Pledge Agreement). The Bonds of this series shall be redeemed by the Company in whole at any time prior to maturity at a redemption price of 100% of the principal amount thereof plus accrued and unpaid interest to the date of redemption following receipt by the Trustee of written demand for redemption (a “ Redemption Demand ”) from an authorized representative of the Revenue Bond Trustee under the Revenue Bond Indenture stating that the principal amount of all the Revenue Bonds then outstanding under the Revenue Bond Indenture has been declared due and payable pursuant to the provisions of Section 11.02 of the Revenue Bond Indenture, specifying the date of the accelerated maturity of such Revenue Bonds and the date or dates from which interest on the Revenue Bonds has then accrued and is unpaid (specifying the rate or rates of such accrual and the principal amount of the particular Revenue Bonds to which such rates apply), stating such declaration of maturity has not been annulled and demanding payment of the principal amount of the Bonds of this series plus accrued interest thereon to the date fixed for such redemption. The date fixed for such redemption shall be set forth in the aforesaid Redemption Demand and shall not be earlier than the date specified in such Redemption Demand as the date of accelerated maturity of the Revenue Bonds then outstanding under the Revenue Bond Indenture and not later than forty-five days after the Trustee’s receipt of such Redemption Demand unless such forty-fifth day is earlier than such date of accelerated maturity. The Revenue Bond Trustee as the sole holder of the Bonds of this series, and any successor thereto, hereby irrevocably waives any requirement of notice of such redemption under Section 5.04 of the Indenture. Upon receipt of the aforesaid Redemption Demand, the earliest date from which unpaid interest on the Revenue Bonds has then accrued (as specified by the Revenue Bond Trustee in the Redemption Demand) shall become the initial interest accrual date (the “ Initial Interest Accrual Date ”) with respect to the Bonds of this series; provided, however, on any demand for payment of the principal amount thereof at maturity as a result of the principal of the Revenue Bonds becoming due and payable on the maturity date of the Bonds of this series, the earliest date from which unpaid interest on the Revenue Bonds has then accrued shall become the Initial Interest Accrual Date with respect to the Bonds of this series, such date, together with each other different date from





which unpaid interest on the Revenue Bonds has then accrued, to be as stated in a written notice from the Revenue Bond Trustee to the Trustee, which notice shall also specify the rate or rates of such accrual and the principal amount of the particular Revenue Bonds to which such rate or rates apply. Such redemption shall become null and void for all purposes under the Indenture (including the fixing of the Initial Interest Accrual Date with respect to the Bonds of this series) upon receipt by the Trustee of written notice from the Revenue Bond Trustee of the annulment of the acceleration of the maturity of the Revenue Bonds then outstanding under the Revenue Bond Indenture and of the rescission of the aforesaid Redemption Demand prior to the redemption date specified in the Redemption Demand, and thereupon no redemption of the Bonds of this series and no payment in respect thereof as specified in the Redemption Demand, shall be effected or required. But no such rescission shall extend to any subsequent Redemption Demand from the Revenue Bond Trustee or impair any right consequent on any such subsequent Redemption Demand.
The “ Revenue Bond Interest Rate ” shall be the same rate of interest per annum as is borne by the Revenue Bonds; provided, however, that if there are different rates of interest borne by the Revenue Bonds, or if interest is required to be paid on the Revenue Bonds more frequently than on each March 15 or September 15, the Revenue Bond Interest Rate shall be the rate that results in the total amount of interest payable on an Interest Payment Date, a redemption date or at maturity, as the case may be, or at any other time interest on this Bond is due and payable, to be equal to the total amount of unpaid interest that has accrued on all then outstanding Revenue Bonds.
The principal 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 an Event of Default as therein defined.

From and after the Release Date, the Bonds of this series shall be deemed fully paid, satisfied and discharged and the obligation of the Company thereunder shall be terminated. On the Release Date or promptly following, the Bonds of this series shall be surrendered to and cancelled by the Trustee.

No recourse shall be had for the payment of the principal of or premium, or interest if any, on this Bond, or any part hereof, or for any claim based hereon or otherwise in respect hereof, or of the indebtedness represented hereby, or upon any obligation, covenant or agreement under the Indenture, against any incorporator, stockholder, officer or director, as such, past, present or future of the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any Constitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability of incorporators, stockholders, officers and directors being released by the registered owner hereof by the acceptance of this Bond and being likewise waived and released by the terms of the Indenture.

















This Bond is nontransferable except to (i) effect transfer to any successor to the Revenue Bond Trustee under the Revenue Bond Indenture, (ii) in connection with the exercise of the rights and remedies of the holder hereof consequent upon an “Event of Default” as defined in the Indenture or (iii) as may be necessary to comply with a final order of a court of competent jurisdiction in connection with any bankruptcy or reorganization proceeding of the Company. But this Bond is exchangeable by the registered holder hereof, in person or by attorney duly authorized, at the Corporate Trust Office of the Trustee, any such permitted transfer or exchange to be made in the manner and upon the conditions prescribed in the Indenture, upon the surrender and cancellation of this Bond and the payment of any applicable taxes and fees required by law, and upon any such transfer or exchange a new registered Bond or Bonds of the same series and tenor, will be issued to the authorized transferee, or the registered holder, as the case may be. The Company and the Trustee may deem and treat the person in whose name this Bond is registered as the absolute owner for the purpose of receiving payment of or on account of the principal and interest due hereon and for all other purposes.

This Bond shall not be valid until authenticated by the manual signature of the Trustee, or a successor Trustee or Authenticating Agent appointed pursuant to the Indenture.




































IN WITNESS WHEREOF, the Company has caused this Bond to be executed in its name by the manual or facsimile signature of an Authorized Executive Officer and attested by the manual or facsimile signature of another Authorized Executive Officer.
Dated: September 15, 2016
FIRSTENERGY GENERATION, LLC
By:     
Name: James F. Pearson
Title: Executive Vice President and Chief Financial Officer
Attest:
    
Name: Ketan K. Patel
Title: Vice President and Corporate Secretary



[FORM OF TRUSTEE’S AUTHENTICATION CERTIFICATE]

TRUSTEE’S AUTHENTICATION CERTIFICATE

This is one of the Bonds of the series designated therein referred to in the within-mentioned Indenture.

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


By:     
Authorized Signatory
















    






Exhibit C

[FORM OF FIRST MORTGAGE BOND OF GUARANTEE SERIES K]

This Bond is not transferable except (i) to a successor trustee under the Trust Indenture, dated as of September 1, 2008 as amended, between the Beaver County Industrial Development Authority and The Bank of New York Mellon Trust Company, N.A., as trustee, referred to herein, (ii) in connection with the exercise of the rights and remedies of the holder hereof consequent upon an “Event of Default” as defined in the Indenture referred to herein or (iii) as may be necessary to comply with a final order of a court of competent jurisdiction in connection with any bankruptcy or reorganization proceeding of the Company.



FIRSTENERGY GENERATION, LLC
First Mortgage Bond, Guarantee Series K of 2016 due 2047
Due October 1, 2047
$46,300,000      No. R-1

FIRSTENERGY GENERATION, LLC (formerly known as FirstEnergy Generation Corp.), a limited liability company of the State of Ohio (herein, together with its successors and assigns, the “ Company ”), for value received promises to pay to The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Revenue Bond Trustee ”) under that certain Trust Indenture, dated as of September 1, 2008 as amended, between the Beaver County Industrial Development Authority and the Revenue Bond Trustee, securing $46,300,000 of Beaver County Industrial Development Authority Pollution Control Revenue Refunding Bonds, Series 2008-B (FirstEnergy Generation Project) issued for the benefit of the Company (the “ Revenue Bonds ”) (such Trust Indenture, as amended from time to time, hereinafter the “ Revenue Bond Indenture ”), or registered assigns, on October 1, 2047, the principal sum of Forty Six Million Three Hundred Thousand Dollars, and to pay interest on the unpaid principal amount from the Initial Interest Accrual Date (as hereinafter defined) at the Revenue Bond Interest Rate (as hereinafter defined) per annum payable semi-annually on April 1 and October 1 in each year commencing on the April 1 or October 1 immediately succeeding the Initial Interest Accrual Date (each such date herein referred to as an “ Interest Payment Date ”) on and until maturity, or, in the case of any Bonds of this series duly called for redemption, on and until the redemption date, or in the case of any default by the Company in the payment of the principal due on any Bonds of this series, until the Company’s obligation with respect to the payment of such principal shall be discharged as provided in the Indenture (as hereinafter defined). The interest on each Bond of this series so payable on any Interest Payment Date shall, subject to the exceptions provided in Section 3.07 of the Indenture, be paid to the person in whose name such Bond is registered on the date of such payment. The principal of, and the interest on, this Bond shall be payable at the office or agency of the Company in the City of Cleveland, State of Ohio in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts.








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 secured by an Open-End Mortgage, General Mortgage Indenture and Deed of Trust, dated as of June 19, 2008, duly executed by the Company to The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.), a national banking association organized and existing under the laws of the United States of America, as Trustee (the “ Trustee ”), and indentures supplemental thereto, heretofore or hereafter executed, including the Eighth Supplemental Indenture dated as of August 15, 2016 (as amended, supplemented, modified or restated, the Supplemental Indenture ), to which Open-End Mortgage, General Mortgage Indenture and Deed of Trust and all indentures supplemental thereto (collectively referred to as the “ Indenture ”) reference is hereby made for a description of the property mortgaged and pledged, the nature and extent of the security, the terms and conditions upon which such Bonds are, and are to be, issued and secured, and the rights of the owners of such Bonds and the Trustee in respect of such security. As provided in the Indenture, such Bonds may be in various principal sums, are issuable in series, may mature at different times, may bear interest at different rates and may otherwise vary as therein provided; and this Bond is one Bond of a series entitled “First Mortgage Bonds, Guarantee Series K of 2016 due 2047,” created by the Supplemental Indenture, as provided for in the Indenture, and authorized for issuance in an aggregate principal amount of up to $46,300,000.
If and when the principal of any Revenue Bonds is paid, then there is deemed to be paid an equal principal amount of the Bonds of this series then outstanding; provided, however, that such payment of the Bonds of this series is deemed to be made only when and to the extent that notice of such payment of such Revenue Bonds is given by the Company to the Trustee.
The Bonds of this series shall have been delivered and pledged to the Revenue Bond Trustee pursuant to a Pledge Agreement, dated August 15, 2016, between the Company and the Revenue Bond Trustee (the “ Pledge Agreement ”), as security for the Revenue Bonds until the Release Date (as defined in the Pledge Agreement). The Bonds of this series shall be redeemed by the Company in whole at any time prior to maturity at a redemption price of 100% of the principal amount thereof plus accrued and unpaid interest to the date of redemption following receipt by the Trustee of written demand for redemption (a “ Redemption Demand ”) from an authorized representative of the Revenue Bond Trustee under the Revenue Bond Indenture stating that the principal amount of all the Revenue Bonds then outstanding under the Revenue Bond Indenture has been declared due and payable pursuant to the provisions of Section 11.02 of the Revenue Bond Indenture, specifying the date of the accelerated maturity of such Revenue Bonds and the date or dates from which interest on the Revenue Bonds has then accrued and is unpaid (specifying the rate or rates of such accrual and the principal amount of the particular Revenue Bonds to which such rates apply), stating such declaration of maturity has not been annulled and demanding payment of the principal amount of the Bonds of this series plus accrued interest thereon to the date fixed for such redemption. The date fixed for such redemption shall be set forth in the aforesaid Redemption Demand and shall not be earlier than the date specified in such Redemption Demand as the date of accelerated maturity of the Revenue Bonds then outstanding under the Revenue Bond Indenture and not later than forty-five days after the Trustee’s receipt of such Redemption Demand unless such forty-fifth day is earlier than such date of accelerated maturity. The Revenue Bond Trustee as the sole holder of the Bonds of this series, and any successor thereto, hereby irrevocably waives any requirement of notice of such redemption under Section 5.04 of the Indenture. Upon receipt of the aforesaid Redemption Demand, the earliest date from which unpaid interest on the Revenue Bonds has then accrued (as specified by the Revenue Bond Trustee in the Redemption Demand) shall become the initial interest accrual date (the “ Initial Interest Accrual Date ”) with respect to the Bonds of this series; provided, however, on any demand for payment of the principal amount thereof at maturity as a result of the principal of the Revenue Bonds becoming due and payable on the maturity date of the Bonds of this series, the earliest





date from which unpaid interest on the Revenue Bonds has then accrued shall become the Initial Interest Accrual Date with respect to the Bonds of this series, such date, together with each other different date from which unpaid interest on the Revenue Bonds has then accrued, to be as stated in a written notice from the Revenue Bond Trustee to the Trustee, which notice shall also specify the rate or rates of such accrual and the principal amount of the particular Revenue Bonds to which such rate or rates apply. Such redemption shall become null and void for all purposes under the Indenture (including the fixing of the Initial Interest Accrual Date with respect to the Bonds of this series) upon receipt by the Trustee of written notice from the Revenue Bond Trustee of the annulment of the acceleration of the maturity of the Revenue Bonds then outstanding under the Revenue Bond Indenture and of the rescission of the aforesaid Redemption Demand prior to the redemption date specified in the Redemption Demand, and thereupon no redemption of the Bonds of this series and no payment in respect thereof as specified in the Redemption Demand, shall be effected or required. But no such rescission shall extend to any subsequent Redemption Demand from the Revenue Bond Trustee or impair any right consequent on any such subsequent Redemption Demand.
The “ Revenue Bond Interest Rate ” shall be the same rate of interest per annum as is borne by the Revenue Bonds; provided, however, that if there are different rates of interest borne by the Revenue Bonds, or if interest is required to be paid on the Revenue Bonds more frequently than on each April 1 or October 1, the Revenue Bond Interest Rate shall be the rate that results in the total amount of interest payable on an Interest Payment Date, a redemption date or at maturity, as the case may be, or at any other time interest on this Bond is due and payable, to be equal to the total amount of unpaid interest that has accrued on all then outstanding Revenue Bonds.

The principal 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 an Event of Default as therein defined.

From and after the Release Date, the Bonds of this series shall be deemed fully paid, satisfied and discharged and the obligation of the Company thereunder shall be terminated. On the Release Date or promptly following, the Bonds of this series shall be surrendered to and cancelled by the Trustee.

No recourse shall be had for the payment of the principal of or premium, or interest if any, on this Bond, or any part hereof, or for any claim based hereon or otherwise in respect hereof, or of the indebtedness represented hereby, or upon any obligation, covenant or agreement under the Indenture, against any incorporator, stockholder, officer or director, as such, past, present or future of the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any Constitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability of incorporators, stockholders, officers and directors being released by the registered owner hereof by the acceptance of this Bond and being likewise waived and released by the terms of the Indenture.

This Bond is nontransferable except to (i) effect transfer to any successor to the Revenue Bond Trustee under the Revenue Bond Indenture, (ii) in connection with the exercise of the rights and remedies of the holder hereof consequent upon an “Event of Default” as defined in the Indenture or (iii) as may be necessary to comply with a final order of a court of competent jurisdiction in connection with any bankruptcy or reorganization proceeding of the Company. But this Bond is exchangeable by the registered holder hereof, in person or by attorney duly authorized, at the Corporate Trust Office of the Trustee, any such permitted transfer or exchange to be made in the manner and upon the conditions prescribed in the Indenture, upon the surrender and cancellation of this Bond and the payment of any applicable taxes and fees required by law, and upon any such transfer or exchange a new registered Bond or Bonds of the same series and tenor, will be issued to the authorized transferee, or the registered holder, as the case may be. The Company and the





Trustee may deem and treat the person in whose name this Bond is registered as the absolute owner for the purpose of receiving payment of or on account of the principal and interest due hereon and for all other purposes.

This Bond shall not be valid until authenticated by the manual signature of the Trustee, or a successor Trustee or Authenticating Agent appointed pursuant to the Indenture.















































IN WITNESS WHEREOF, the Company has caused this Bond to be executed in its name by the manual or facsimile signature of an Authorized Executive Officer and attested by the manual or facsimile signature of another Authorized Executive Officer.
Dated: August 15, 2016
FIRSTENERGY GENERATION, LLC
By:     
Name: James F. Pearson
Title: Executive Vice President and Chief Financial Officer
Attest:
    
Name: Ketan K. Patel
Title: Vice President and Corporate Secretary


[FORM OF TRUSTEE’S AUTHENTICATION CERTIFICATE]

TRUSTEE’S AUTHENTICATION CERTIFICATE

This is one of the Bonds of the series designated therein referred to in the within-mentioned Indenture.

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


By:     
Authorized Signatory















    






Exhibit D

[FORM OF FIRST MORTGAGE BOND OF GUARANTEE SERIES L]

This Bond is not transferable except (i) to a successor trustee under the Amended and Restated Trust Indenture, dated November 1, 2012, between the Pennsylvania Economic Development Financing Authority and The Bank of New York Mellon Trust Company, N.A., as trustee, referred to herein, (ii) in connection with the exercise of the rights and remedies of the holder hereof consequent upon an “Event of Default” as defined in the Indenture referred to herein or (iii) as may be necessary to comply with a final order of a court of competent jurisdiction in connection with any bankruptcy or reorganization proceeding of the Company.

FIRSTENERGY GENERATION, LLC
First Mortgage Bond, Guarantee Series L of 2016 due 2028
Due June 1, 2028
$15,000,000      No. R-1

FIRSTENERGY GENERATION, LLC (formerly known as FirstEnergy Generation Corp.), a limited liability company of the State of Ohio (herein, together with its successors and assigns, the “ Company ”), for value received promises to pay to The Bank of New York Mellon Trust Company, N.A., as trustee (the “ Revenue Bond Trustee ”) under that certain Amended and Restated Trust Indenture, dated November 1, 2012, between the Pennsylvania Economic Development Financing Authority and the Revenue Bond Trustee, securing $15,000,000 of Exempt Facilities Revenue Bonds, Series 2002 A (Shippingport Project) issued for the benefit of the Company (the “ Revenue Bonds ”) (such Trust Indenture, as amended from time to time, hereinafter the “ Revenue Bond Indenture ”), or registered assigns, on June 1, 2028, the principal sum of Fifteen Million Dollars, and to pay interest on the unpaid principal amount from the Initial Interest Accrual Date (as hereinafter defined) at the Revenue Bond Interest Rate (as hereinafter defined) per annum payable semi-annually on June 1 and December 1 in each year commencing on the June 1 or December 1 immediately succeeding the Initial Interest Accrual Date (each such date herein referred to as an “ Interest Payment Date ”) on and until maturity, or, in the case of any Bonds of this series duly called for redemption, on and until the redemption date, or in the case of any default by the Company in the payment of the principal due on any Bonds of this series, until the Company’s obligation with respect to the payment of such principal shall be discharged as provided in the Indenture (as hereinafter defined). The interest on each Bond of this series so payable on any Interest Payment Date shall, subject to the exceptions provided in Section 3.07 of the Indenture, be paid to the person in whose name such Bond is registered on the date of such payment. The principal of, and the interest on, this Bond shall be payable at the office or agency of the Company in the City of Cleveland, State of Ohio in any coin or currency of the United States of America which at the time of payment is legal tender for the payment of public and private debts.
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 secured by an Open-End Mortgage, General Mortgage Indenture and Deed of Trust, dated as of June 19, 2008, duly executed by the Company to The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company, N.A.), a national banking association organized and existing under the laws of the United States of America, as Trustee (the “ Trustee ”), and indentures supplemental thereto, heretofore or hereafter executed, including the Eighth





Supplemental Indenture dated as of August 15, 2016 (as amended, supplemented, modified or restated, the Supplemental Indenture ), to which Open-End Mortgage, General Mortgage Indenture and Deed of Trust and all indentures supplemental thereto (collectively referred to as the “ Indenture ”) reference is hereby made for a description of the property mortgaged and pledged, the nature and extent of the security, the terms and conditions upon which such Bonds are, and are to be, issued and secured, and the rights of the owners of such Bonds and the Trustee in respect of such security. As provided in the Indenture, such Bonds may be in various principal sums, are issuable in series, may mature at different times, may bear interest at different rates and may otherwise vary as therein provided; and this Bond is one Bond of a series entitled “First Mortgage Bonds, Guarantee Series L of 2016 due 2028,” created by the Supplemental Indenture, as provided for in the Indenture, and authorized for issuance in an aggregate principal amount of up to $15,000,000.
If and when the principal of any Revenue Bonds is paid, then there is deemed to be paid an equal principal amount of the Bonds of this series then outstanding; provided, however, that such payment of the Bonds of this series is deemed to be made only when and to the extent that notice of such payment of such Revenue Bonds is given by the Company to the Trustee.
The Bonds of this series shall have been delivered and pledged to the Revenue Bond Trustee pursuant to a Pledge Agreement, dated August 15, 2016, between the Company and the Revenue Bond Trustee (the “ Pledge Agreement ”), as security for the Revenue Bonds until the Release Date (as defined in the Pledge Agreement). The Bonds of this series shall be redeemed by the Company in whole at any time prior to maturity at a redemption price of 100% of the principal amount thereof plus accrued and unpaid interest to the date of redemption following receipt by the Trustee of written demand for redemption (a “ Redemption Demand ”) from an authorized representative of the Revenue Bond Trustee under the Revenue Bond Indenture stating that the principal amount of all the Revenue Bonds then outstanding under the Revenue Bond Indenture has been declared due and payable pursuant to the provisions of Section 11.02 of the Revenue Bond Indenture, specifying the date of the accelerated maturity of such Revenue Bonds and the date or dates from which interest on the Revenue Bonds has then accrued and is unpaid (specifying the rate or rates of such accrual and the principal amount of the particular Revenue Bonds to which such rates apply), stating such declaration of maturity has not been annulled and demanding payment of the principal amount of the Bonds of this series plus accrued interest thereon to the date fixed for such redemption. The date fixed for such redemption shall be set forth in the aforesaid Redemption Demand and shall not be earlier than the date specified in such Redemption Demand as the date of accelerated maturity of the Revenue Bonds then outstanding under the Revenue Bond Indenture and not later than forty-five days after the Trustee’s receipt of such Redemption Demand unless such forty-fifth day is earlier than such date of accelerated maturity. The Revenue Bond Trustee as the sole holder of the Bonds of this series, and any successor thereto, hereby irrevocably waives any requirement of notice of such redemption under Section 5.04 of the Indenture. Upon receipt of the aforesaid Redemption Demand, the earliest date from which unpaid interest on the Revenue Bonds has then accrued (as specified by the Revenue Bond Trustee in the Redemption Demand) shall become the initial interest accrual date (the “ Initial Interest Accrual Date ”) with respect to the Bonds of this series; provided, however, on any demand for payment of the principal amount thereof at maturity as a result of the principal of the Revenue Bonds becoming due and payable on the maturity date of the Bonds of this series, the earliest date from which unpaid interest on the Revenue Bonds has then accrued shall become the Initial Interest Accrual Date with respect to the Bonds of this series, such date, together with each other different date from which unpaid interest on the Revenue Bonds has then accrued, to be as stated in a written notice from the Revenue Bond Trustee to the Trustee, which notice shall also specify the rate or rates of such accrual and the principal amount of the particular Revenue Bonds to which such rate or rates apply. Such redemption shall become null and void for all purposes under the Indenture (including the fixing of the Initial Interest Accrual Date with respect to the Bonds of this series) upon receipt by the Trustee of written notice from the Revenue Bond Trustee of the annulment of the acceleration of the maturity of the Revenue Bonds then





outstanding under the Revenue Bond Indenture and of the rescission of the aforesaid Redemption Demand prior to the redemption date specified in the Redemption Demand, and thereupon no redemption of the Bonds of this series and no payment in respect thereof as specified in the Redemption Demand, shall be effected or required. But no such rescission shall extend to any subsequent Redemption Demand from the Revenue Bond Trustee or impair any right consequent on any such subsequent Redemption Demand.
The “ Revenue Bond Interest Rate ” shall be the same rate of interest per annum as is borne by the Revenue Bonds; provided, however, that if there are different rates of interest borne by the Revenue Bonds, or if interest is required to be paid on the Revenue Bonds more frequently than on each June 1 or December 1, the Revenue Bond Interest Rate shall be the rate that results in the total amount of interest payable on an Interest Payment Date, a redemption date or at maturity, as the case may be, or at any other time interest on this Bond is due and payable, to be equal to the total amount of unpaid interest that has accrued on all then outstanding Revenue Bonds.

The principal 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 an Event of Default as therein defined.

From and after the Release Date, the Bonds of this series shall be deemed fully paid, satisfied and discharged and the obligation of the Company thereunder shall be terminated. On the Release Date or promptly following, the Bonds of this series shall be surrendered to and cancelled by the Trustee.

No recourse shall be had for the payment of the principal of or premium, or interest if any, on this Bond, or any part hereof, or for any claim based hereon or otherwise in respect hereof, or of the indebtedness represented hereby, or upon any obligation, covenant or agreement under the Indenture, against any incorporator, stockholder, officer or director, as such, past, present or future of the Company or of any predecessor or successor corporation (either directly or through the Company or a predecessor or successor corporation), whether by virtue of any Constitutional provision, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise, all such liability of incorporators, stockholders, officers and directors being released by the registered owner hereof by the acceptance of this Bond and being likewise waived and released by the terms of the Indenture.

This Bond is nontransferable except to (i) effect transfer to any successor to the Revenue Bond Trustee under the Revenue Bond Indenture, (ii) in connection with the exercise of the rights and remedies of the holder hereof consequent upon an “Event of Default” as defined in the Indenture or (iii) as may be necessary to comply with a final order of a court of competent jurisdiction in connection with any bankruptcy or reorganization proceeding of the Company. But this Bond is exchangeable by the registered holder hereof, in person or by attorney duly authorized, at the Corporate Trust Office of the Trustee, any such permitted transfer or exchange to be made in the manner and upon the conditions prescribed in the Indenture, upon the surrender and cancellation of this Bond and the payment of any applicable taxes and fees required by law, and upon any such transfer or exchange a new registered Bond or Bonds of the same series and tenor, will be issued to the authorized transferee, or the registered holder, as the case may be. The Company and the Trustee may deem and treat the person in whose name this Bond is registered as the absolute owner for the purpose of receiving payment of or on account of the principal and interest due hereon and for all other purposes.

This Bond shall not be valid until authenticated by the manual signature of the Trustee, or a successor Trustee or Authenticating Agent appointed pursuant to the Indenture.






IN WITNESS WHEREOF, the Company has caused this Bond to be executed in its name by the manual or facsimile signature of an Authorized Executive Officer and attested by the manual or facsimile signature of another Authorized Executive Officer.
Dated: August 15, 2016
FIRSTENERGY GENERATION, LLC
By:     
Name: James F. Pearson
Title: Executive Vice President and Chief Financial Officer
Attest:
    
Name: Ketan K. Patel
Title: Vice President and Corporate Secretary

[FORM OF TRUSTEE’S AUTHENTICATION CERTIFICATE]

TRUSTEE’S AUTHENTICATION CERTIFICATE

This is one of the Bonds of the series designated therein referred to in the within-mentioned Indenture.

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


By:     
Authorized Signatory








Schedule 1

Filing Offices For the Original Indenture
Plant
Jurisdiction/Filing Office
Recording Information
Date filed
Ashtabula Plant
Ashtabula County - Office of the County Recorder of Ashtabula County, Ohio
Instrument No. 200800007364

Volume 436 Page 1732

06/27/2008
Bay Shore Plant
Lucas County - Office of the County Recorder of Lucas County, Ohio
Instrument No.
20080627-0032756

06/27/2008
Bruce Mansfield Plant
Beaver County - Office of the County Recorder of Beaver County, Pennsylvania
Instrument No.
3326465
06/27/2008
Burger Plant
Belmont County - Office of the County Recorder of Belmont County, Ohio
Instrument No. 200800004786

Volume 0157 Page 172

06/27/2008
Eastlake Plant
Lake County - Office of the County Recorder of Lake County, Ohio
Instrument No.
2008R018408

06/27/2008
Edgewater Plant and West Lorain Plant
Lorain County - Office of the County Recorder of Lorain County, Ohio
Instrument No.
2008-0259135

06/27/2008
Fremont Plant
Sandusky County - Office of the County Recorder of Sandusky County, Ohio

Instrument No.
200800004585

Official Record Book 66 Page 708
06/27/2008
Lake Shore Plant
Cuyahoga County - Office of the County Recorder of Cuyahoga County, Ohio
Instrument No.
200806270329

06/27/2008
Mad River Plant
Clark County - Office of the County Recorder of Clark County, Ohio
Instrument No.
200800010888
Official Record Volume 1852 Page 1946
Instrument No. 200800011009
Official Record Volume 1853 Page 18
06/27/2008


06/30/2008
(Re-recorded)
Richland Plant
Defiance County - Office of the County Recorder of Defiance County, Ohio
Instrument No.
200800003811

Official Record Book 327 Page 482
06/27/2008
Sammis Plant
Jefferson County - Office of the County Recorder of Jefferson County, Ohio
Instrument No. 232633

Official Record Volume 851 Page 344

06/27/2008
Seneca Plant
Warren County - Office of the County Recorder of Warren County, Pennsylvania
Instrument No. 2008-2962

06/27/2008
Stryker Plant
Williams County - Office of the County Recorder of Williams County, Ohio
Instrument No.
200800082091

Official Record Book 0240 Page 0516
06/27/2008