<PAGE> 1
Holder of Beneficial Interest:
Toledo Edison/AHLIC Investment Holdings Corporation
(Successor in interest to Alexander Hamilton Life Insurance Company of America)
FORM U-7D
CERTIFICATE PURSUANT TO RULE 7(d)
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
Amended Filing
The undersigned certify that this certificate accurately summarizes, as
required in the instructions hereto, the information requested as to the lease
identified herein and the transactions for the financing thereof.
Preliminary Note
This filing relates to a 1.277139% undivided interest (the "Undivided
Interest") in Unit 2 of the Beaver Valley Power Station ("BVPS") located in
Beaver County, Pennsylvania. Separate Certificates pursuant to Rule 7(d)
relating to Unit 2 may have heretofore been and may hereafter be filed by The
State Street Bank and Trust Company (as successor to The First National Bank of
Boston) in its capacity as owner trustee for the benefit of equity participants
in respect of other undivided interests in Unit 2.
All amounts stated herein are rounded off to three significant figures.
<TABLE>
<S> <C>
1. Lessees - Public Utility Companies: The Toledo Edison Company jointly with
The Cleveland Electric Illuminating
Company
Address: c/o Centerior Energy Corporation
6200 Oak Tree Boulevard
Independence, Ohio 44131
2. Date of execution of Lease: September 30, 1987
2a. Expected date facility will be The facility was placed in service on
placed in service: August 17, 1987
</TABLE>
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<PAGE> 2
3. Regulatory Authority which has
acted on transaction
Name Date of Order
----
Nuclear Regulatory Commission Amendment, dated September 23,
1987, to License
Public Utilities Commission of Ohio August 27, 1987
Pennsylvania Public Utility Commission September 25, 1987
4. Initial term of lease: Approximately 29 years and
8 months
4a. Renewal option: May be extended at the Lessees'
option for a renewal term of not
more than 2 years, if supported
by appraisal
5. Brief description of facility: A 833 MW (electric) nuclear
generating unit commonly known
as Unit 2 at BVPS
6. Manufacturer or supplier: The engineer/construction
manager for the facility was
Stone & Webster Engineering
corporation
7. Cost of facility: Aggregate cost of facility:
Approximately $896 Million
Cost of the Undivided Interest:
Approximately $50 Million
8. Basic Rent Initial Term: $125 Million
8a. Periodic Installment
December 1, 1987 $108 Thousand
June 1, 1988 - $2.29 Million semiannually
December 1, 1991
April 15, 1992: $1.71 Million
June 1, 1992: $454 Thousand
December 1, 1992: $1.96 Million
2 of 9
<PAGE> 3
June 1, 1993: $1.78 Million
December 1, 1993: $2.61 Million
June 1, 1994: $1.77 Million
December 1, 1994 - (see attached rental schedule)
June 1, 2017:
9. Holder of legal title to the The State Street Bank and Trust Company,
Undivided Interest: not in its individual capacity, but
solely as Owner Trustee under the Trust
Agreement dated as of September 15,
1987, between The State Street Bank and
Trust Company and Toledo Edison/AHLIC
Investment Holdings Corporation
Address: 100 Federal Street
Boston, Massachusetts 02110
10. *Holder of beneficial interest in the Undivided Interest:
Name and Address Amount Invested Percent of Equity
---------------- --------------- -----------------
Toledo Edison/AHLIC Investment Approximately 100%
Holdings Corporation $15.1 Million**
c/o Household International
2700 Sanders Road
Prospects Heights, IL 60070
- -----------
* Separate Certificates have been and may be filed in accordance with Rule 7(d)
identifying transactions involving other beneficial interests in BVPS. See
Preliminary Note.
** This amount includes transaction expenses.
3 of 9
<PAGE> 4
11. If part or all of the financing is supplied by loan on which only
principal and interest is payable, state:
Interim Financing:
------------------
Amount Borrowed: Approximately $38.9 Million
Repaid in full: December 30, 1987
Permanent Financing:
--------------------
Amount borrowed: Originally, approximately
$40.8 Million
Number of lenders: The Owner Trustee issued notes to a
special purpose funding corporation
which issued bonds for public
distribution
Interest rate and terms of
Repayment: $9.82 Million at 8.25% due June 1, 2002
(see attached amortization schedule)
$13.2 Million at 8.625% due June 1, 2007
(see attached amortization schedule)
$17.7 Million at 9.0% due June 1, 2013
(see attached amortization schedule)
4 of 9
<PAGE> 5
HOLDER OF LEGAL TITLE: THE STATE STREET BANK AND
TRUST COMPANY, not in its individual
capacity but solely as Owner Trustee
under the Trust Agreement dated as of
September 15, 1987, between The State
Street Bank and Trust Company and
Toledo Edison/AHLIC Investment
Holdings Corporation
By: /s/ Sandy Lamarr Cody
----------------------------------
Title: Authorized Officer
HOLDER OF BENEFICIAL TOLEDO EDISON/AHLIC INVESTMENT
INTEREST: HOLDINGS CORPORATION
By: /s/ Van S. Powell
----------------------------------
Title: Vice President
Date executed: July 29, 1999
5 of 9
<PAGE> 6
Alexander Hamilton Life Insurance Company of America
BASIC RENT PERCENTAGES
<TABLE>
<CAPTION>
Arrears Rent Arrears Rent Advance Rent Advance Rent
Date % of Facility Cost Nominal $ % of Facility Cost Nominal $
<S> <C> <C> <C> <C>
Dec 1 1994 5.263334475 2,631,667.24 0.000000000 0.00
Jun 1 1995 3.468984750 1,734,492.37 0.000000000 0.00
Dec 1 1995 5.337861965 2,668,930.98 0.000000000 0.00
Jun 1 1996 0.000000000 0.00 10.078574750 5,039,287.37
Dec 1 1996 0.000000000 0.00 7.143365000 3,571,682.50
Jun 1 1997 0.000000000 0.00 2.935209750 1,467,604.87
Dec 1 1997 0.000000000 0.00 5.871636965 2,935,818.48
Jun 1 1998 0.000000000 0.00 4.203021679 2,101,510.84
Dec 1 1998 0.000000000 0.00 4.603825036 2,301,912.52
Jun 1 1999 0.000000000 0.00 5.473548080 2,736,774.04
Dec 1 1999 0.000000000 0.00 3.333298635 1,666,649.32
Jun 1 2000 0.000000000 0.00 6.188561153 3,094,280.58
Dec 1 2000 0.000000000 0.00 2.618285562 1,309,142.78
Jun 1 2001 0.000000000 0.00 6.370926965 3,185,463.48
Dec 1 2001 0.000000000 0.00 2.435919750 1,217,959.87
Jun 1 2002 0.000000000 0.00 6.480854465 3,240,427.23
Dec 1 2002 0.000000000 0.00 2.325992250 1,162,996.12
Jun 1 2003 0.000000000 0.00 6.601776965 3,300,888.48
Dec 1 2003 0.000000000. 0.00 2.205069750 1,102,534.87
Jun 1 2004 0.000000000 0.00 6.745038215 3,372,519.11
Dec 1 2004 0.000000000 0.00 2.061808500 1,030,904.25
Jun 1 2005 0.000000000 0.00 6.880536965 3,440,268.48
Dec 1 2005 0.000000000 0.00 1.926309750 963,154.87
Jun 1 2006 0.000000000 0.00 7.023798215 3,511,899.11
Dec 1 2006 0.000000000 0.00 1.783048500 891,524.25
Jun 1 2007 0.000000000 0.00 7.222345715 3,611,172.86
Dec 1 2007 0.000000000 0.00 1.584501000 792,250.50
Jun 1 2008 0.000000000 0.00 7.335655715 3,667,827.86
Dec 1 2008 0.000000000 0.00 1.471191000 735,595.50
Jun 1 2009 0.000000000 0.00 7.534105715 3,767,052.86
Dec 1 2009 0.000000000 0.00 1.272741000 636,370.50
Jun 1 2010 0.000000000 0.00 7.775035715 3,887,517.86
Dec 1 2010 0.000000000 0.00 1.031811000 515,905.50
Jun 1 2011 0.000000000 0.00 8.092735715 4,046,367.86
Dec 1 2011 0.000000000 0.00 0.714111000 357,055.50
Jun 1 2012 0.000000000 0.00 8.440304529 4,220,152.26
Dec 1 2012 0.000000000 0.00 0.366542185 183,271.09
Jun 1 2013 0.000000000 0.00 8.806795715 4,403,397.86
Dec 1 2013 0.000000000 0.00 0.000051000 25.50
Jun 1 2014 0.000000000 0.00 8.806846715 4,403,423.36
Dec 1 2014 0.000000000 0.00 0.000000000 0.00
Jun 1 2015 0.000000000 0.00 8.806846715 4,403,423.36
Dec 1 2015 0.000000000 0.00 0.000000000 0.00
Jun 1 2016 0.000000000 0.00 6.516261544 3,258,130.77
Dec 1 2016 0.000000000 0.00 2.290585170 1,145,292.59
Jun 1 2017 0.000000000 0.00 0.000000000 0.00
</TABLE>
6 of 9
<PAGE> 7
(ALEXANDER)
Loan 6 Amortization Interest Rate 8.25000%
Average Life 6.94293 Years; Duration 5.32820 Years
<TABLE>
<CAPTION>
Date Draw Down Debt Service Interest Principal Balance
<S> <C> <C> <C> <C> <C>
Apr 15 1992 9819000.00 9819000.00
Jun 1 1992 1 103508.63 103508.63 0.00 9819000.00
Dec 1 1992 2 405033.75 405033.75 0.00 9819000.00
Jun 1 1993 3 405033.75 405033.75 0.00 9819000.00
Dec 1 1993 4 405033.75 405033.75 0.00 9819000.00
Jun 1 1994 5 405033.75 405033.75 0.00 9819000.00
Dec 1 1994 6 405033.75 405033.75 0.00 9819000.00
Jun 1 1995 7 405033.75 405033.75 0.00 9819000.00
Dec 1 1995 8 405033.75 405033.75 0.00 9819000.00
Jun 1 1996 9 922033.75 405033.75 517000.00 9302000.00
Dec 1 1996 10 2403707.50 383707.50 2020000.00 7282000.00
Jun 1 1997 11 300382.50 300382.50 0.00 7282000.00
Dec 1 1997 12 1674382.50 300382.50 1374000.00 5908000.00
Jun 1 1998 13 565705.00 243705.00 322000.00 5586000.00
Dec 1 1998 14 955422.50 230422.50 725000.00 4861000.00
Jun 1 1999 15 1174516.25 200516.25 974000.00 3887000.00
Dec 1 1999 16 307338.75 160338.75 147000.00 3740000.00
Jun 1 2000 17 1406275.00 154275.00 1252000.00 2488000.00
Dec 1 2000 18 102630.00 102630.00 0.00 2488000.00
Jun 1 2001 19 1360630.00 102630.00 1258000.00 1230000.00
Dec 1 2001 20 50737.50 50737.50 0.00 1230000.00
Jun 1 2002 21 1280737.50 50737.50 1230000.00 0.00
Dec 1 2002 22 0.00 0.00 0.00 0.00
Jun 1 2003 23 0.00 0.00 0.00 0.00
Dec 1 2003 24 0.00 0.00 0.00 0.00
Jun 1 2004 25 0.00 0.00 0.00 0.00
Dec 1 2004 26 0.00 0.00 0.00 0.00
Jun 1 2005 27 0.00 0.00 0.00 0.00
Dec 1 2005 28 0.00 0.00 0.00 0.00
Jun 1 2006 29 0.00 0.00 0.00 0.00
Dec 1 2006 30 0.00 0.00 0.00 0.00
Jun 1 2007 31 0.00 0.00 0.00 0.00
Dec 1 2007 32 0.00 0.00 0.00 0.00
Jun 1 2008 33 0.00 0.00 0.00 0.00
Dec 1 2008 34 0.00 0.00 0.00 0.00
Jun 1 2009 35 0.00 0.00 0.00 0.00
Dec 1 2009 36 0.00 0.00 0.00 0.00
Jun 1 2010 37 0.00 0.00 0.00 0.00
Dec 1 2010 38 0.00 0.00 0.00 0.00
Jun 1 2011 39 0.00 0.00 0.00 0.00
Dec 1 2011 40 0.00 0.00 0.00 0.00
Jun 1 2012 41 0.00 0.00 0.00 0.00
Dec 1 2012 42 0.00 0.00 0.00 0.00
Jun 1 2013 43 0.00 0.00 0.00 0.00
Dec 1 2013 44 0.00 0.00 0.00 0.00
Jun 1 2014 45 0.00 0.00 0.00 0.00
Dec 1 2014 46 0.00 0.00 0.00 0.00
Jun 1 2015 47 0.00 0.00 0.00 0.00
Dec 1 2015 48 0.00 0.00 0.00 0.00
Jun 1 2016 49 0.00 0.00 0.00 0.00
Dec 1 2016 50 0.00 0.00 0.00 0.00
Jun 1 2017 51 0.00 0.00 0.00 0.00
---------- ----------- ---------- ----------
9819000.00 15443243.62 5624243.63 9819000.00
</TABLE>
7 of 9
<PAGE> 8
(ALEXANDER)
Loan 7 Amortization interest Rate 8.62500%
Average Life 10.00028 Years; Duration 6.44668 Years
<TABLE>
<CAPTION>
Date Draw Down Debt Service Interest Principal Balance
<S> <C> <C> <C> <C> <C>
Apr 15 1992 13279000.00 13279000.00
Jun 1 1992 1 146345.65 146345.65 0.00 13279000.00
Dec 1 1992 2 572656.87 572656.87 0.00 13279000.00
Jun 1 1993 3 572656.87 572656.87 0.00 13279000.00
Dec 1 1993 4 652656.87 572656.87 80000.00 13199000.00
Jun 1 1994 5 569206.87 569206.87 0.00 13199000.00
Dec 1 1994 6 1311206.88 569206.87 742000.00 12457000.00
Jun 1 1995 7 537208.12 537208.12 0.00 12457000.00
Dec 1 1995 8 1471208.13 537208.12 934000.00 11523000.00
Jun 1 1996 9 3324929.38 496929.37 2828000.00 8695000.00
Dec 1 1996 10 374971.87 374971.87 0.00 8695000.00
Jun 1 1997 11 374971.87 374971.87 0.00 8695000.00
Dec 1 1997 12 374971.87 374971.87 0.00 8695000.00
Jun 1 1998 13 374971.87 374971.87 0.00 8695000.00
Dec 1 1998 14 374971.87 374971.87 0.00 8695000.00
Jun 1 1999 15 374971.87 374971.87 0.00 8695000.00
Dec 1 1999 16 374971.87 374971.87 0.00 8695000.00
Jun 1 2000 17 374971.87 374971.87 0.00 8695000.00
Dec 1 2000 18 374971.87 374971.87 0.00 8695000.00
Jun 1 2001 19 374971.87 374971.87 0.00 8695000.00
Dec 1 2001 20 374971.87 374971.87 0.00 8695000.00
Jun 1 2002 21 472971.87 374971.87 98000.00 8597000.00
Dec 1 2002 22 370745.62 370745.62 0.00 8597000.00
Jun 1 2003 23 1772745.63 370745.62 1402000.00 7195000.00
Dec 1 2003 24 310284.37 310284.37 0.00 7195000.00
Jun 1 2004 25 1971284.38 310284.37 1661000.00 5534000.00
Dec 1 2004 26 238653.75 238653.75 0.00 5534000.00
Jun 1 2005 27 1809653.75 238653.75 1571000.00 3963000.00
Dec 1 2005 28 170904.37 170904.37 0.00 3963000.00
Jun 1 2006 29 1831904.38 170904.37 1661000.00 2302000.00
Dec 1 2006 30 99273.75 99273.75 0.00 2302000.00
Jun 1 2007 31 2401273.75 99273.75 2302000.00 0.00
Dec 1 2007 32 0.00 0.00 0.00 0.00
Jun 1 2008 33 0.00 0.00 0.00 0.00
Dec 1 2008 34 0.00 0.00 0.00 0.00
Jun 1 2009 35 0.00 0.00 0.00 0.00
Dec 1 2009 36 0.00 0.00 0.00 0.00
Jun 1 2010 37 0.00 0.00 0.00 0.00
Dec 1 2010 38 0.00 0.00 0.00 0.00
Jun 1 2011 39 0.00 0.00 0.00 0.00
Dec 1 2011 40 0.00 0.00 0.00 0.00
Jun 1 2012 41 0.00 0.00 0.00 0.00
Dec 1 2012 42 0.00 0.00 0.00 0.00
Jun 1 2013 43 0.00 0.00 0.00 0.00
Dec 1 2013 44 0.00 0.00 0.00 0.00
Jun 1 2014 45 0.00 0.00 0.00 0.00
Dec 1 2014 46 0.00 0.00 0.00 0.00
Jun 1 2015 47 0.00 0.00 0.00 0.00
Dec 1 2015 48 0.00 0.00 0.00 0.00
Jun 1 2016 49 0.00 0.00 0.00 0.00
Dec 1 2016 50 0.00 0.00 0.00 0.00
Jun 1 2017 51 0.00 0.00 0.00 0.00
----------- ----------- ----------- -----------
13279000.00 24732461.90 11453461.90 13279000.00
</TABLE>
8 of 9
<PAGE> 9
(ALEXANDER)
Loan 8 Amortization Interest Rate 9.00000%
Average Life 19.08323 Years; Duration 9.39674 Years
<TABLE>
<CAPTION>
Date Draw Down Debt Service Interest Principal Balance
<S> <C> <C> <C> <C> <C>
Apr 15 1992 17722000.00 17722000.00
Jun 1 1992 1 203803.00 203803.00 0.00 17722000.00
Dec 1 1992 2 797490.00 797490.00 0.00 17722000.00
Jun 1 1993 3 797490.00 797490.00 0.00 17722000.00
Dec 1 1993 4 797490.00 797490.00 0.00 17722000.00
Jun 1 1994 5 797490.00 797490.00 0.00 17722000.00
Dec 1 1994 6 797490.00 797490.00 117000.00 17605000.00
Jun 1 1995 7 792225.00 792225.00 0.00 17605000.00
Dec 1 1995 8 792225.00 792225.00 0.00 17605000.00
Jun 1 1996 9 792225.00 792225.00 0.00 17605000.00
Dec 1 1996 10 792225.00 792225.00 0.00 17605000.00
Jun 1 1997 11 792225.00 792225.00 0.00 17605000.00
Dec 1 1997 12 792225.00 792225.00 0.00 17605000.00
Jun 1 1998 13 792225.00 792225.00 0.00 17605000.00
Dec 1 1998 14 792225.00 792225.00 0.00 17605000.00
Jun 1 1999 15 792225.00 792225.00 0.00 17605000.00
Dec 1 1999 16 792225.00 792225.00 0.00 17605000.00
Jun 1 2000 17 792225.00 792225.00 0.00 17605000.00
Dec 1 2000 18 792225.00 792225.00 0.00 17605000.00
Jun 1 2001 19 792225.00 792225.00 0.00 17605000.00
Dec 1 2001 20 792225.00 792225.00 0.00 17605000.00
Jun 1 2002 21 792225.00 792225.00 0.00 17605000.00
Dec 1 2002 22 792225.00 792225.00 0.00 17605000.00
Jun 1 2003 23 792225.00 792225.00 0.00 17605000.00
Dec 1 2003 24 792225.00 792225.00 0.00 17605000.00
Jun 1 2004 25 792225.00 792225.00 0.00 17605000.00
Dec 1 2004 26 792225.00 792225.00 0.00 17605000.00
Jun 1 2005 27 792225.00 792225.00 0.00 17605000.00
Dec 1 2005 28 792225.00 792225.00 0.00 17605000.00
Jun 1 2006 29 792225.00 792225.00 0.00 17605000.00
Dec 1 2006 30 792225.00 792225.00 0.00 17605000.00
Jun 1 2007 31 792225.00 792225.00 0.00 17605000.00
Dec 1 2007 32 792225.00 792225.00 0.00 17605000.00
Jun 1 2008 33 2051225.00 792225.00 1259000.00 16346000.00
Dec 1 2008 34 735570.00 735570.00 0.00 16346000.00
Jun 1 2009 35 2940570.00 735570.00 2205000.00 14141000.00
Dec 1 2009 36 636345.00 636345.00 0.00 14141000.00
Jun 1 2010 37 3313345.00 636345.00 2677000.00 11464000.00
Dec 1 2010 38 515880.00 515880.00 0.00 11464000.00
Jun 1 2011 39 4045880.00 515880.00 3530000.00 7934000.00
Dec 1 2011 40 357030.00 357030.00 0.00 7934000.00
Jun 1 2012 41 4220030.00 357030.00 3863000.00 4071000.00
Dec 1 2012 42 183195.00 183195.00 0.00 4071000.00
Jun 1 2013 43 4254195.00 183195.00 4071000.00 0.00
Dec 1 2013 44 0.00 0.00 0.00 0.00
Jun 1 2014 45 0.00 0.00 0.00 0.00
Dec 1 2014 46 0.00 0.00 0.00 0.00
Jun 1 2015 47 0.00 0.00 0.00 0.00
Dec 1 2015 48 0.00 0.00 0.00 0.00
Jun 1 2016 49 0.00 0.00 0.00 0.00
Dec 1 2016 50 0.00 0.00 0.00 0.00
Jun 1 2017 51 0.00 0.00 0.00 0.00
----------- ---------- ----------- -----------
17722000.00 48159368.00 30437368.00 17722000.00
</TABLE>
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