EXHIBIT 4.2(b)
Sierra Pacific Power Company
6100 Neil Road
P.O. Box 10100
Reno, Nevada 89520-0400
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SIERRA PACIFIC POWER COMPANY
TO
THE BANK OF NEW YORK
Trustee
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FIRST SUPPLEMENTAL INDENTURE
Dated as of May 1, 2001
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Supplementing the General and Refunding Mortgage Indenture
Dated as of May 1, 2001
THIS INSTRUMENT GRANTS A SECURITY INTEREST BY A PUBLIC UTILITY
THIS INSTRUMENT CONTAINS AFTER-ACQUIRED PROPERTY PROVISIONS
This instrument is being filed pursuant to Nevada Revised Statutes Chapter 105
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FIRST SUPPLEMENTAL INDENTURE, dated as of May 1, 2001, between SIERRA
PACIFIC POWER COMPANY, a corporation organized and existing under the laws of
the State of Nevada (herein called the "Company"), having its principal office
at 6100 Neil Road, P.O. Box 10100, Reno, Nevada 89520, and THE BANK OF NEW YORK,
a banking corporation duly organized and existing under the laws of the State of
New York, as Trustee (herein called the "Trustee"), the office of the Trustee at
which on the date hereof its corporate trust business is principally
administered being 101 Barclay Street, New York, New York 10286.
RECITALS OF THE COMPANY
WHEREAS, the Company has heretofore executed and delivered to the Trustee
a General and Refunding Mortgage Indenture dated as of May 1, 2001 (the
"Indenture") providing for the issuance by the Company from time to time of its
bonds, notes or other evidence of indebtedness to be issued in one or more
series (in the Indenture and herein called the "Securities") and to provide
security for the payment of the principal of and premium, if any, and interest;
if any, on the Securities; and
WHEREAS, the Company, in the exercise of the power and authority conferred
upon and reserved to it under the provisions of the Indenture and pursuant to
appropriate resolutions of the Board of Directors, has duly determined to make,
execute and deliver to the Trustee this First Supplemental Indenture to the
Indenture as permitted by Sections 2.01, 3.01 and 14.01 of the Indenture in
order to establish the form or terms of, and to provide for the creation and
issuance of, the Initial Series of Securities under the Indenture in an initial
aggregate principal amount of $320,000,000 (such first series being hereinafter
and in the Indenture referred to as the "Initial Series"); and
WHEREAS, all things necessary to make the Securities of the Initial
Series, when executed by the Company and authenticated and delivered by the
Trustee or any Authenticating Agent and issued upon the terms and subject to the
conditions hereinafter and in the Indenture set forth against payment therefor
the valid, binding and legal obligations of the Company and to make this First
Supplemental Indenture a valid, binding and legal agreement of the Company, have
been done;
NOW, THEREFORE, THIS FIRST SUPPLEMENTAL INDENTURE WITNESSETH that, in
order to establish the terms of a series of Securities, and for and in
consideration of the premises and of the covenants contained in the Indenture
and in this First Supplemental Indenture and for other good and valuable
consideration the receipt and sufficiency of which are hereby acknowledged, it
is mutually covenanted and agreed as follows:
ARTICLE ONE
DEFINITIONS AND OTHER PROVISIONS
OF GENERAL APPLICATION
Section 101. Definitions. Each capitalized term that is used herein and is
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defined in the Indenture shall have the meaning specified in the Indenture
unless such term is otherwise defined herein.
ARTICLE TWO
TITLE, FORM AND TERMS OF THE BONDS
Section 201. Title of the Bonds. This First Supplemental Indenture hereby
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creates a series of Securities designated as the "8% General and Refunding
Mortgage Bonds, Series A, due June 1, 2008" of the Company (collectively
referred to herein as the "Bonds"). For purposes of the Indenture, the Bonds
shall constitute a single series of Securities and may be issued in an unlimited
principal aggregate amount, although the initial issuance of the Bonds shall be
in the aggregate principal amount of $320,000,000.
Section 202. Form and Terms of the Bonds. The form and terms of the Bonds
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will be set forth in an Officer's Certificate delivered by the Company to the
Trustee pursuant to the authority granted by this First Supplemental Indenture
in accordance with Sections 2.01 and 3.01 of the Indenture.
Section 203. Treatment of Proceeds of Title Insurance Policy. Any moneys
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received by the Trustee as proceeds of any title insurance policy on Mortgaged
Property of the Company shall be subject to and treated in accordance with the
provisions of Section 6.07(b) of the Indenture (other than the last paragraph
thereof).
ARTICLE THREE
MISCELLANEOUS PROVISIONS
The Trustee makes no undertaking or representations in respect of, and
shall not be responsible in any manner whatsoever for and in respect of, the
validity or sufficiency of this First Supplemental Indenture or the proper
authorization or the due execution hereof by the Company or for or in respect of
the recitals and statements contained herein, all of which recitals and
statements are made solely by the Company.
Except as expressly amended and supplemented hereby, the Indenture shall
continue in full force and effect in accordance with the provisions thereof and
the Indenture is in all respects hereby
ratified and confirmed. This First Supplemental Indenture and all of its
provisions shall be deemed a part of the Indenture in the manner and to the
extent herein and therein provided.
This First Supplemental Indenture shall be governed by, and construed in
accordance with, the laws of the State of New York (including without limitation
Section 5-1401 of the New York General Obligations Law or any successor to such
statute).
This First Supplemental Indenture may be executed in any number of
counterparts, each of which so executed shall be deemed to be an original, but
all such counterparts shall together constitute but one and the same instrument.