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This Limited Liability Company Agreement (this "Agreement") entered into as of this 22nd day of December, 2000 by Allegheny Energy, Inc. ("Allegheny"), a
Maryland corporation, as member (the "Member"), which Member does hereby form a limited liability company pursuant to the Delaware Limited Liability Company Act (the "Act") upon the following terms and conditions.
1. Name. The name of the limited liability company formed hereby is Allegheny Energy Supply Conemaugh, LLC (the "Company").
2. Purpose. The Company is formed for the object and purpose of, and the nature of the business to be conducted and promoted by the Company is, engaging in any lawful act or activity
for which limited liability companies may be formed under the Act, including, but not limited to, generating electrical power.
3. Registered Office. The address of the registered office of the Company in the State of Delaware is The Corporation Trust Company, ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇,
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4. Registered Agent. The name and address of the registered agent of the Company for service of process on the Company in the State of Delaware is The Corporation Trust Company, ▇▇▇▇
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5. Members. The name of the Member is as set forth above in the preamble to this Agreement.
6. Powers. The business and affairs of the Company shall be managed by the Member. The Member shall have the power to do any and all acts necessary or convenient to or for the
furtherance of the purposes described herein. Allegheny is hereby designated as an authorized person, within the meaning of the Act, to execute, deliver and file the certificate of formation of the Company (and any amendments and/or restatements thereof)
and any other certificates (and any amendments and/or restatements thereof) necessary for the Company to qualify to do business in a jurisdiction in which the Company may wish to conduct business.
7. Dissolution. The Company shall dissolve, and its affairs shall be wound up upon the first to occur of the following: (a) the written consent of the Member, (b) the death,
retirement, resignation, expulsion, bankruptcy or dissolution of the Member or the occurrence of any other event which terminates the continued membership of the Member in the Company or (c) the entry of a decree of judicial dissolution under Section
18-802 of the Act.
8. Capital Contributions. The Member has contributed amounts in cash, and no other property, to the Company according to the Percentage Interests set forth on Annex I hereto.
9. Additional Contributions. The Member is not required to make any additional capital contribution to the Company. However, the Member may make additional capital contributions to
the Company.
10. Distributions. Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member.
11. Assignments. The Member may transfer or assign in whole or in part its limited liability company interest.
12. Admission of Additional Members. One or more additional members of the Company may be admitted to the Company with the consent of the Member.
13. Liability of Members. The Member shall not have any liability for the obligations or liabilities of the Company except to the extent provided in the Act.
14. Governing Law. This Agreement shall be governed by, and construed under, the laws of the State of Delaware, all rights and remedies being governed by
said laws.
IN WITNESS WHEREOF, the undersigned, intending to be legally bound hereby, has duly executed this Limited Liability Company Agreement as of the date first above written. |