Utilicorp United, Inc. & Subsidiaries, F.K.A. Missouri Public Service Co. - Page 7

                                        - 7 -                                         
               The Bill of Sale                                                       
               The document evidencing the purchase of the undivided                  
          interest by UtilCo was Warranty Deed and Bill of Sale No. 2,                
          dated December 15, 1987 (the bill of sale).  The bill of sale               
          sets forth with particularity the assets that were acquired by              
          UtilCo pursuant to the bill of sale (the bill of sale assets).              
          The bill of sale assets consist of (1) the land upon which the              
          hydroelectric facility was constructed, (2) the flowage rights              
          appurtenant to that land, (3) certain easements appurtenant to              
          that land (excluding the previously referenced flowage rights),             
          (4) the structures located on that land, and (5) the equipment              
          comprising the hydroelectric facility.                                      
               FERC License                                                           
               The FERC license was not specifically identified in the                
          bill of sale or the schedules attached thereto as an asset to be            
          transferred to UtilCo.  FERC requires that owners of                        
          hydroelectric facilities become colicensees for such facilities,            
          regardless of whether those owners perform significant services             
          with respect to the ownership or management of the facility.  On            
          November 6, 1987, FERC issued an order transferring the license             
          for the hydroelectric facility from THP alone to THP, UtilCo, and           
          Chrysler Capital as colicensees.                                            
               Operating Agreement                                                    
               As part of the sale-leaseback, UtilCo entered into an                  
          operating agreement with THP.                                               




Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011