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Title: |
Contribution Agreement |
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Entities: |
Alstom; Alstom Power Integrated Services, Inc.; Caterpillar Inc.; Computer Associates International Inc.; IKON Office Solutions, Inc.; Platinum Technology Inc.; Union Electric Co.; McGuireWoods; Central Illinois Light Company; Amerencilco; AmerenEnergy Resources Generating Company |
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Date: |
2003 |
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Size: |
Preview shows 19KB of 102KB total |
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Price: |
$46 |
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ID: |
#291640 |
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Start of Preview |
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CONTRIBUTION AGREEMENT
dated as of October 3, 2003
by and between
CENTRAL ILLINOIS LIGHT COMPANY
d.b.a. AMERENCILCO
and
AMERENENERGY RESOURCES GENERATING COMPANY
================================================================================
{PAGE}
{TABLE}
{CAPTION}
TABLE OF CONTENTS
{S} {C} {C}
Article I DEFINITIONS.............................................................................................1
1.1 Certain Definitions......................................................................................1
1.2 Other Terms..............................................................................................5
1.3 Other Definitional Provisions............................................................................5
ARTICLE II CONTRIBUTION OF ASSETS................................................................................5
2.1 Contribution of Assets...................................................................................5
2.2 Retained Assets..........................................................................................7
2.3 Assumption of Liabilities................................................................................7
2.4 Retained Liabilities.....................................................................................8
Article III THE CLOSING..........................................................................................9
3.1 Closing Time and Location................................................................................9
3.2 Documents to be Delivered by CILCO.......................................................................9
3.3 Documents to be Delivered by AERG.......................................................................10
3.4 Conditions to AERG's Obligations........................................................................10
3.5 Conditions to CILCO's Obligations.......................................................................11
Article IV REPRESENTATIONS AND WARRANTIES OF CILCO..............................................................11
4.1 Organization and Qualification..........................................................................11
4.2 Corporate Authorization.................................................................................11
4.3 Consents and Approvals..................................................................................12
4.4 Non-Contravention.......................................................................................12
4.5 Binding Effect..........................................................................................12
Article V REPRESENTATIONS AND WARRANTIES OF AERG................................................................12
5.1 Organization and Qualification..........................................................................12
5.2 Corporate Authorization.................................................................................12
5.3 Consents and Approvals..................................................................................13
5.4 Non-Contravention.......................................................................................13
5.5 Binding Effect..........................................................................................13
Article VI COVENANTS AND OTHER MATTERS.........................................................................13
6.1 Best Efforts............................................................................................13
6.2 Employee Matters........................................................................................13
6.3 Further Assurances......................................................................................14
6.4 Tax Matters.............................................................................................14
6.5 Books and Records.......................................................................................14
6.6 Nontransferable Permits.................................................................................15
6.7 Nonassignable Contracts.................................................................................15
6.8 Assets Subject to Mortgage Indenture....................................................................15
Article VII INDEMNIFICATION....................................................................................15
7.1 Indemnification by AERG.................................................................................15
{/TABLE}
{PAGE}
{TABLE}
{S} {C} {C}
7.2 Indemnification by CILCO................................................................................15
7.3 Indemnification Procedures for Third-Party Claims.......................................................16
7.4 Indemnification Procedures for Other Claims.............................................................17
7.5 Mitigation..............................................................................................17
7.6 Computation of Losses Subject to Indemnification........................................................17
7.7 Obligations Absolute....................................................................................17
7.8 Survival of Indemnities.................................................................................17
7.9 Remedies Cumulative.......................................................................................17
Article VIII TERMINATION.......................................................................................18
8.1 Termination.............................................................................................18
8.2 Effect of Termination...................................................................................18
Article IX MISCELLANEOUS.......................................................................................18
9.1 Notices.................................................................................................18
9.2 Entire Agreement; Amendment.............................................................................19
9.3 Parties in Interest; Assignment.........................................................................19
9.4 Schedules...............................................................................................19
9.5 Governing Law; Submission to Jurisdiction; Section of Forum.............................................19
9.6 Counterparts............................................................................................20
9.7 Severability............................................................................................20
9.8 Headings................................................................................................20
{/TABLE}
ii
{PAGE}
EXHIBITS AND SCHEDULES
----------------------
Exhibit Description
------- -----------
A Duck Creek Easement Agreement
B Edwards Easement Agreement
C Power Supply Agreement
D Services and Facilities Agreement
E Sterling Avenue Easement Agreement
Schedule Description
-------- -----------
2.1(a) Owned Real Property
2.1(b) Leased Real Property
2.1(d) Specific Account Assets
2.1(e) Intellectual Property
2.1(f) Contracts
2.1(g) Permits
2.2(a) Retained Transmission and Distribution Assets
2.2(b) Retained Contracts
2.3(b) Assumed Environmental Liabilities
2.3(c) Assumed Claim Liabilities
2.3(d) Certain Assumed Liabilities
2.4(d) Retained Claim Liabilities
2.4(e) Retained Environmental Liabilities
4.3 Consents
6.2 Employees
iii
{PAGE}
CONTRIBUTION AGREEMENT
----------------------
THIS CONTRIBUTION AGREEMENT dated as of October 3, 2003, is entered into by
and between CENTRAL ILLINOIS LIGHT COMPANY, an Illinois corporation d.b.a.
AmerenCILCO ("CILCO"), and AMERENENERGY RESOURCES GENERATING COMPANY (f/k/a
Central Illinois Generation Inc.), an Illinois corporation ("AERG").
W I T N E S S E T H:
--------------------
WHEREAS, CILCO is a public utility company as defined in Section 3-105 of
the Illinois Public Utilities Act (220 ILCS 5/3-105) and presently operates as a
vertically integrated electricity generation, transmission and distribution
company and as a natural gas distribution company in the State of Illinois;
WHEREAS, pursuant to the provisions of Section 16-111(g) of the Illinois
Public Utilities Act (220 ILCS 5/16-111(g)) CILCO has been authorized to
contribute its electric generation facilities and assets to AERG, its
wholly-owned subsidiary;
WHEREAS, CILCO desires to contribute to AERG all of the assets, properties,
rights, interests and liabilities of its electric generation operations;
WHEREAS, AERG desires to receive such assets, properties, rights and
interests, to assume the related liabilities, and to conduct an electricity
generation business therewith; and
WHEREAS, the parties intend the transaction to qualify under Section 351(a)
of the Internal Revenue Code of 1986, as amended.
NOW, THEREFORE, upon the terms and subject to the conditions contained
herein, CILCO and AERG hereby agree as follows: Article I DEFINITIONS
1.1 Certain Definitions. As used herein, the following terms shall have
the meanings set forth or as referenced below.
"Account" shall mean an account on CILCO's books and records maintained in
accordance with the Federal Energy Regulatory Commission's Uniform System of
Accounts.
"Agreement" shall mean this Contribution Agreement, together with all
Exhibits and Schedules hereto.
{PAGE}
"Ancillary Documents" shall mean all agreements, certificates, instruments
and other documents executed or delivered in accordance with or in connection
with the transactions contemplated by this Agreement, including the Edwards
Easement Agreement, the Duck Creek Easement Agreement, and the Sterling Avenue
Easement Agreement, but excluding the Power Supply Agreement and Services and
Facilities Agreement.
"Assumed Liabilities" shall have the meaning set forth in Section 2.3.
"Books and Records" shall have the meaning set forth in Section 2.1.
"Business Day" shall mean any day other than a Saturday, Sunday or a day on
which banks in Chicago, Illinois are authorized or obligated by Law or executive
order to close.
"Claim" shall mean any claim, action, suit, proceeding, dispute or
investigation made or brought by any Person, whether formal or informal, before
any Governmental Authority or in arbitration, mediation or otherwise.
"Closing" shall mean the event at which CILCO consummates the assignment,
transfer and delivery of the Contributed Assets to AERG, and AERG assumes and
agrees to perform or discharge the Assumed Liabilities.
"Closing Date" shall have the meaning set forth in Section 3.1.
"Code" shall mean the Internal Revenue Code of 1986, as amended.
"Consents" shall mean any consent, approval, authorization, waiver, permit,
grant, franchise, concession, agreement, license, exemption or order of,
registration, certificate, declaration or filing with, or report or notice to
any Person, including without limitation any Governmental Authority.
"Contracts" shall have the meaning set forth in Section 2.1.
"Contributed Assets" shall have the meaning set forth in Section 2.1.
"Duck Creek Easement Agreement" shall mean the Duck Creek Easement
Agreement to be entered into on the Closing Date between CILCO and AERG
substantially in the form of Exhibit A.
"Duck Creek Facility" shall mean the electric generation facility located
at 17751 North CILCO Road, in the City of Canton, County of Fulton and State of
Illinois.
"Edwards Easement Agreement" shall mean the Edwards Easement Agreement to
be entered into on the Closing Date between CILCO and AERG substantially in the
form of Exhibit B.
"Edwards Facility" shall mean the electric generation facility located at
7800 South CILCO Lane, in the City of Bartonville, County of Peoria and State of
Illinois.
2
{PAGE}
"Employees" shall have the meaning set forth in Section 6.2.
"Encumbrances" shall mean any and all encumbrances, including without
limitation all claims, liens, charges, mortgages, pledges, security interests,
options, restrictions (including, in the case of real property, easements,
rights of way, covenants, restrictions, lease, licenses, zoning and set back
requirements and other variances) or third party rights.
"Energy Control Center" shall mean CILCO's energy control center facility
located in the City of Peoria, County of Peoria and State of Illinois, including
all buildings, structures, and tangible personal property located at such
facility.
"Environmental Law" shall mean any Law with respect to the preservation of
the environment or the promotion of worker health and safety, including any Law
relating to Hazardous Substances, drinking water, surface water, groundwater,
wetlands, landfills, open dumps, storage tanks, underground storage tanks, solid
waste, waste water, storm water run-off, noises, odors, air emissions, waste
emissions or wells. Without limiting the generality of the foregoing, the term
encompasses each of the following statutes and the regulations promulgated
thereunder, and any similar applicable state or local Law, each as amended: (a)
the Comprehensive Environmental Response, Compensation, and Liability Act of
1980; (b) the Solid Waste Disposal Act; (c) the Hazardous Materials
Transportation Act; (d) the Toxic Substance Control Act; (e) the Clean Water
Act; (f) the Clean Air Act; (g) the Safe Drinking Water Act; (h) the National
Environmental Policy Act of 1969; (i) the Superfund Amendments and
Reauthorization Act of 1986; (j) Title III of the Superfund Amendments and
Reauthorization Act; (k) the Federal Insecticide, Fungicide and Rodenticide Act
and (l) the provisions of the Occupational Safety and Health Act of 1970
relating to the handling of and exposure to Hazardous Substances and similar
substances.
"ERISA" shall mean the Employee Retirement Income Security Act of 1974, as
amended.
"Facilities" shall mean the premises that collectively comprise the Owned
Real Property, the Leased Real Property, and the Sterling Avenue Facility.
"Generation Operations" shall mean, collectively, each and
every task, function and operation that is necessary to, or performed for the
purpose of supporting, either directly or indirectly, the generation of
electricity by CILCO at the Facilities, as such tasks, functions, and operations
are performed at the Facilities as of the date of this Agreement.
"Governmental Authority" shall mean the United States, any state or other
political subdivision thereof and any entity exercising executive, legislative,
judicial, regulatory or administrative functions of or pertaining to government,
including without limitation any government authority, agency, department,
board, commission or instrumentality of the United States, any state of the
United States, or any political subdivision of any of the foregoing.
"Hazardous Substance" shall mean: (i) petroleum, byproducts and any
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