Common use of Description of the Bonds Clause in Contracts

Description of the Bonds. The Bonds will be issued pursuant to an Indenture to be dated as of April 1, 2007, as supplemented by one or more series supplements thereto (as so supplemented, the “Indenture”), between the Issuer and U.S. Bank National Association, as indenture trustee (the “Indenture Trustee”). Potomac Edison will transfer the Environmental Control Property to PE Renaissance pursuant to the Environmental Control Property Transfer Agreement, to be dated as of April 1, 2007, between PE Renaissance and Potomac Edison (the “Transfer Agreement”). The Bonds will be obligations of the Issuer and will be supported by the transferred Environmental Control Property (“Transferred Environmental Control Property”), to be sold to the Issuer by PE Renaissance pursuant to the Transferred Environmental Control Property Sale Agreement, to be dated as of April 1, 2007, between PE Renaissance and the Issuer (the “Sale Agreement”). The Transferred Environmental Control Property will be serviced pursuant to the Transferred Environmental Control Property Servicing Agreement, to be dated as of April 1, 2007, between Potomac Edison, as servicer, and the Issuer, as owner of the Transferred Environmental Control Property sold to it pursuant to the Sale Agreement (the “Servicing Agreement”).

Description of the Bonds. The Bonds will be issued pursuant to an Indenture indenture to be dated as of April 1[______________], 2007, as supplemented by one or more series supplements supplemental thereto (as so supplemented, the “Indenture”), between the Issuer and U.S. Bank National Association, as indenture trustee (the “Indenture Trustee”). Potomac Edison Mon Power will transfer the Environmental Control Property to PE MP Renaissance pursuant to the Environmental Control Property Transfer Agreement, to be dated as of April 1on or about [_____________], 2007, between PE MP Renaissance and Potomac Edison Mon Power (the “Transfer Agreement”). The Bonds will be obligations of the Issuer and will be supported by the transferred Environmental Control Property (“Transferred Environmental Control Property”), to be sold to the Issuer by PE MP Renaissance pursuant to the Transferred Environmental Control Property Sale Agreement, to be dated as of April 1on or about [_____________], 2007, between PE MP Renaissance and the Issuer (the “Sale Agreement”). The Transferred Environmental Control Property will be serviced pursuant to the Transferred Environmental Control Property Servicing Agreement, to be dated as of April 1on or about [____________], 2007, between Potomac EdisonMon Power, as servicer, and the Issuer, as owner of the Transferred Environmental Control Property sold to it pursuant to the Sale Agreement (the “Servicing Agreement”).

Description of the Bonds. The Bonds will be issued pursuant to an Indenture indenture to be dated as of April 1[______________], 2007, as supplemented by one or more series supplements supplemental thereto (as so supplemented, the “Indenture”), between the Issuer and U.S. Bank National Association, as indenture trustee (the “Indenture Trustee”). Potomac Edison will transfer the Environmental Control Property to PE Renaissance pursuant to the Environmental Control Property Transfer Agreement, to be dated as of April 1on or about [_____________], 2007, between PE Renaissance and Potomac Edison (the “Transfer Agreement”). The Bonds will be obligations of the Issuer and will be supported by the transferred Environmental Control Property (“Transferred Environmental Control Property”), to be sold to the Issuer by PE Renaissance pursuant to the Transferred Environmental Control Property Sale Agreement, to be dated as of April 1on or about [_____________], 2007, between PE Renaissance and the Issuer (the “Sale Agreement”). The Transferred Environmental Control Property will be serviced pursuant to the Transferred Environmental Control Property Servicing Agreement, to be dated as of April 1on or about [____________], 2007, between Potomac Edison, as servicer, and the Issuer, as owner of the Transferred Environmental Control Property sold to it pursuant to the Sale Agreement (the “Servicing Agreement”).

Description of the Bonds. The Bonds will be issued pursuant to an Indenture to be dated as of April 1, 2007, as supplemented by one or more series supplements thereto (as so supplemented, the “Indenture”), between the Issuer and U.S. Bank National Association, as indenture trustee (the “Indenture Trustee”). Potomac Edison Mon Power will transfer the Environmental Control Property to PE MP Renaissance pursuant to the Environmental Control Property Transfer Agreement, to be dated as of April 1, 2007, between PE MP Renaissance and Potomac Edison Mon Power (the “Transfer Agreement”). The Bonds will be obligations of the Issuer and will be supported by the transferred Environmental Control Property (“Transferred Environmental Control Property”), to be sold to the Issuer by PE MP Renaissance pursuant to the Transferred Environmental Control Property Sale Agreement, to be dated as of April 1, 2007, between PE MP Renaissance and the Issuer (the “Sale Agreement”). The Transferred Environmental Control Property will be serviced pursuant to the Transferred Environmental Control Property Servicing Agreement, to be dated as of April 1, 2007, between Potomac EdisonMon Power, as servicer, and the Issuer, as owner of the Transferred Environmental Control Property sold to it pursuant to the Sale Agreement (the “Servicing Agreement”).