UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
In the Matter of CERTIFICATE
Exelon Corporation OF
File No. 70-10189 NOTIFICATION
Public Utility Holding Company Act of 1935 (PUHCA)
Exelon Corporation, a Pennsylvania corporation and registered holding
company (Exelon), hereby submits the following Certificate of Notification
pursuant to Rule 24. This filing is made pursuant to Exelon's Form U-1
Application-Declaration, as amended (the "Financing U-1"), and the Securities
and Exchange Commission's financing and investment orders. This certificate
reports activity in File No. 70-10189 for the period January 1, 2005 through
March 31, 2005. Any capitalized terms used herein but not defined herein have
the respective meanings given in the Financing U-1 or the Commission's Orders.
See Exhibit A for Glossary of Defined Terms
1. Financing Order - The sales of any common stock, Preferred Securities or
Equity-Linked Securities by Exelon and the purchase price per share and the
market price per share at the date of the agreement of sale which shall
also separately show the amount issued during the Authorization Period for
each type of issued securities (common stock, Preferred Securities or
Equity-Linked Securities).
None.
2. Financing Order - The total number of shares of Exelon common stock issued
or issuable under the options granted during the quarter under employee
benefit plans and dividend reinvestment plans including employee benefit
plans or dividend reinvestment plans later adopted together with the number
of shares issued or issuable during the Authorization Period.
Total number of shares issuable through the Authorization Period:
42,000,000.
Shares of common stock issued during the quarter: 4,504,411.
Total number of shares issued through the Authorization Period: 10,705,163.
1
3. Financing Order - If Exelon common stock has been transferred to a seller
of securities of a company being acquired, the number of shares so issued,
the value per share and whether the shares are restricted in the hands of
the acquirer.
None.
4. Financing Order - If a guaranty is issued during the quarter, where such
guarantee is not exempt under Rule 52, the name of the guarantor, the name
of the beneficiary of the guarantee and the amount, terms and purpose of
the guaranty.
------------------ -------------------------------- ----------------- -------------- ---------------------
Guarantor Beneficiary Amount Term Purpose
------------------ -------------------------------- ----------------- -------------- ---------------------
Exelon Exelon Investment Holdings $37,768,986 Five to 17 Surety bond
Corporation years
------------------ -------------------------------- ----------------- -------------- ---------------------
Exelon PECO $30,623,567 One year Surety bond
Corporation
------------------ -------------------------------- ----------------- -------------- ---------------------
The total amount of guaranties outstanding at March 31, 2005 was $1.7
billion.
5. Financing Order - The amount and terms of any Exelon indebtedness issued
during the quarter which shall also separately show the amount of
indebtedness issued during the Authorization Period.
Exelon issued commercial paper during the quarter at an average interest
rate of 2.56%. Exelon had $290 million in commercial paper outstanding at
March 31, 2005. On March 7, 2005, Exelon entered into a $2 billion term
loan agreement, which was fully borrowed as of March 31, 2005, at an
average interest rate of 3.40%. The loan proceeds were used to fund
discretionary contributions of $2 billion to Exelon's pension plans.
Exelon has $6.8 billion of authority remaining to issue securities during
the authorization period.
6. Financing Order - The amount and terms of any short-term debt issued by any
Utility Subsidiary during the quarter which shall also separately show the
outstanding amount as of the end of the applicable period of short-term
debt of each Utility Subsidiary.
a. Overnight commercial paper issued through JP Morgan Chase on behalf of
PECO during the first quarter: Daily balances ranged from $0 to $136
million at an average interest rate of 2.71%.
b. Overnight commercial paper issued on behalf of ComEd during the first
quarter: ComEd had no commercial paper activity during the quarter.
c. Exelon, ComEd, PECO and Generation maintain a $1 billion 5-year credit
facility and a $500 million 3-year credit facility to support
commercial paper issuances. At March 31, 2005, sublimits under the
credit facility were $700 million, $50 million, $300 million and $450
million for Exelon, ComEd, PECO and
2
Generation, respectively. Exelon, ComEd, PECO and Generation had
approximately $700 million, $24 million, $300 million and $347 million
of available capacity under the credit facilities at March 31, 2005.
At March 31, 2005, commercial paper outstanding was $290 million at
Exelon and $36 million at PECO. ComEd and Generation did not have any
commercial paper outstanding at March 31, 2005.
d. Contributions to and loans from the Utility Money Pool: The activity
below reflects contributions to and loans from the Utility Money Pool
for the quarter ending March 31, 2005.
Contributions to the Utility Money Pool
----------------------------- ------------------------------------- --------------------------------
Company Maximum Daily Contribution Average Interest Rate
----------------------------- ------------------------------------- --------------------------------
ComEd $517,000,000 2.56%
----------------------------- ------------------------------------- --------------------------------
PECO $210,000,000 2.51%
----------------------------- ------------------------------------- --------------------------------
Generation -- NA
----------------------------- ------------------------------------- --------------------------------
Unicom Investments $2,500,000 2.37%
----------------------------- ------------------------------------- --------------------------------
Loans from the Utility Money Pool
----------------------------- ------------------------------------- --------------------------------
Company Maximum Daily Borrowing Average Interest Rate
----------------------------- ------------------------------------- --------------------------------
ComEd -- NA
----------------------------- ------------------------------------- --------------------------------
Generation $540,000,000 2.56%
----------------------------- ------------------------------------- --------------------------------
EBSC $156,000,000 2.56%
----------------------------- ------------------------------------- --------------------------------
PECO -- NA
----------------------------- ------------------------------------- --------------------------------
e. Short-term debt outstanding at March 31, 2005.
---------------------------------- --------------------------------
Utility Amount
---------------------------------- --------------------------------
ComEd --
---------------------------------- --------------------------------
ComEd of Indiana --
---------------------------------- --------------------------------
Generation $37,000,000
---------------------------------- --------------------------------
PECO $36,000,000
---------------------------------- --------------------------------
7. Financing Order - The amount and terms of any financings consummated by any
Non-Utility Subsidiary that is not exempt under rule 52 (see U-6B-2
requirement in number 15 below regarding reports of issuances that are
exempt) which shall also show separately the amount of non-exempt
securities issued by Non-Utility Subsidiaries during the Authorization
Period.
None.
8. Financing Order - The notional amount and principal terms of any Hedge
Instruments or Anticipatory Hedges entered into during the quarter and the
identity of the other parties to the transaction which shall also
separately show
3
the outstanding amount of Hedge Instruments or Anticipatory Hedges
previously reported under this item.
In the first quarter of 2005, Exelon entered into ten forward-starting
interest rate swaps in the aggregate notional amount of $1.0 billion to
hedge interest rate exposure associated with future debt issuances. A table
summarizing these transactions is presented below:
------------ --------------- ---------------- --------------------- -------------- ---------------------
Entity Trade Date Effective Date Notional Amount Term Counterparty
------------ --------------- ---------------- --------------------- -------------- ---------------------
Exelon 1/13/2005 4/30/2005 $100,000,000 10 years Citibank
------------ --------------- ---------------- --------------------- -------------- ---------------------
Exelon 1/28/2005 6/30/2005 $100,000,000 10 years Morgan Stanley
------------ --------------- ---------------- --------------------- -------------- ---------------------
Exelon 2/08/2005 6/30/2005 $100,000,000 30 years Morgan Stanley
------------ --------------- ---------------- --------------------- -------------- ---------------------
Exelon 2/10/2005 6/30/2005 $100,000,000 30 years Morgan Stanley
------------ --------------- ---------------- --------------------- -------------- ---------------------
Exelon 2/10/2005 6/30/2005 $100,000,000 10 years Dresdner
------------ --------------- ---------------- --------------------- -------------- ---------------------
Exelon 2/15/2005 6/30/2005 $100,000,000 30 years Lehman
------------ --------------- ---------------- --------------------- -------------- ---------------------
Exelon 2/17/2005 6/30/2005 $100,000,000 10 years Lehman
------------ --------------- ---------------- --------------------- -------------- ---------------------
Exelon 2/23/2005 6/30/2005 $100,000,000 30 years Lehman
------------ --------------- ---------------- --------------------- -------------- ---------------------
Exelon 2/24/2005 6/30/2005 $100,000,000 10 years JP Morgan
------------ --------------- ---------------- --------------------- -------------- ---------------------
Exelon 3/01/2005 6/30/2005 $100,000,000 10 years UBS
------------ --------------- ---------------- --------------------- -------------- ---------------------
Exelon has forward-starting interest-rate swaps in the aggregate notional
amount of $1,200 million. At March 31, 2005, these interest-rate swaps,
designated as cash-flow hedges, had an aggregate fair market value of $42
million based on the present value difference between the contract and
market rates at March 31, 2005. If these derivative instruments had been
terminated at March 31, 2005, this estimated fair value represents the
amount counterparties would pay Exelon.
The aggregate fair value of Exelon's interest-rate swaps designated as
cash-flow hedges that would have resulted from a hypothetical 50 basis
point decrease in the spot yield at March 31, 2005 is estimated to be $20
million in the counterparties' favor. If these derivative instruments had
been terminated at March 31, 2005, this estimated fair value represents the
amount Exelon would pay the counterparties.
The aggregate fair value of Exelon's interest-rate swaps designated as
cash-flow hedges that would have resulted from a hypothetical 50 basis
point increase in the spot yield at March 31, 2005 is estimated to be $99
million in Exelon's favor. If these derivative instruments had been
terminated at March 31, 2005, this estimated fair value represents the
amount the counterparties would pay Exelon.
In the first quarter of 2005, ComEd entered into four forward-starting
interest-rate swaps in the aggregate notional amount of $280 million to
lock in interest-rate levels in anticipation of a future financing. A table
summarizing these transactions is presented below:
4
------------ --------------- ---------------- --------------------- -------------- ---------------------
ComEd 3/21/2005 10/31/2005 $70,000,000 30 years Merrill Lynch
------------ --------------- ---------------- --------------------- -------------- ---------------------
ComEd 3/22/2005 10/31/2005 $70,000,000 30 years Citibank
------------ --------------- ---------------- --------------------- -------------- ---------------------
ComEd 3/29/2005 10/31/2005 $70,000,000 30 years Citibank
------------ --------------- ---------------- --------------------- -------------- ---------------------
ComEd 3/29/2005 10/31/2005 $70,000,000 30 years Dresdner
------------ --------------- ---------------- --------------------- -------------- ---------------------
These forward-starting interest-rate swaps, designated as cash-flow hedges,
had an aggregate fair market value of $(3) million based on the present
value difference between the contract and market rates at March 31, 2005.
If these derivative instruments had been terminated at March 31, 2005, this
estimated fair value represents the amount ComEd would pay the
counterparties.
The aggregate fair value of ComEd's interest-rate swaps designated as
cash-flow hedges that would have resulted from a hypothetical 50 basis
point decrease in the spot yield at March 31, 2005 is estimated to be $25
million in the counterparties' favor. If these derivative instruments had
been terminated at March 31, 2005, this estimated fair value represents the
amount ComEd would pay the counterparties.
The aggregate fair value of ComEd's interest-rate swaps designated as
cash-flow hedges that would have resulted from a hypothetical 50 basis
point increase in the spot yield at March 31, 2005 is estimated to be $17
million in ComEd's favor. If these derivative instruments had been
terminated at March 31, 2005, this estimated fair value represents the
amount the counterparties would pay ComEd.
9. Financing Order - (a) The name and parent company of any Intermediate
Subsidiary or Financing Subsidiary created during the quarter; (b) the
amount invested in any Intermediate Subsidiary or Financing Subsidiary
during the quarter, and (c) the amount and terms of any securities issued
by any financing subsidiaries during the quarter which shall also
separately show the amount of all securities issued by such subsidiaries
during the Authorization Period.
a) None.
b) 1. PECO contributed $154,614,192 to PECO Wireless, LP.
2. PECO contributed $1,546,142 to ExTel Corporation, LLC.
3. Generation contributed $7,010,730 to Nuclear U.S. Holdings, Inc.
4. Nuclear U.S. Holdings, Inc. contributed $70,107 to Nuclear U.S.
Investments, LLC.
5. Nuclear U.S. Holdings, Inc. contributed $7,010,730 to Nuclear, LP.
6. Generation contributed $218,500 to Exelon SHC, Inc.
7. Generation contributed $4,168,400 to Exelon Peaker Development
Limited, LLC.
5
8. AmerGen contributed $8,000 to AmerGen Consolidation, LLC.
c) PEC Financial Services, LLC issued $145 million in intercompany debt during
the quarter ended March 31, 2005. PEC Financial Services has issued $423
million of intercompany notes during the Authorization Period.
10. Financing Order - If any Subsidiaries are Variable Interest Entities (VIEs)
as that term is used in FASB Interpretation 46R, Consolidation of Variable
Interest Entities, provide a description of any financing transactions
conducted during the reporting period that were used to fund such VIEs.
None.
11. Financing Order - If any financing proceeds are used for VIEs, a
description of the accounting for such transactions under FASB
Interpretation 46R.
None.
12. Financing Order - Consolidated balance sheets as of the end of the quarter
and separate balance sheets as of the end of the quarter for each company,
including Exelon, that has engaged in jurisdictional financing transactions
during the quarter.
See Form 10-Q for the quarter ended March 31, 2005 for Exelon, PECO, ComEd
and Generation, Commission File Numbers 1-16169, 1-1401, 1-1839 and
333-85496, respectively.
6
13. Financing Order - A table showing, as of the end of the quarter, the dollar
and percentage components of the capital structure of Exelon on a
consolidated basis and of each Utility Subsidiary. ($ in millions)
------------------------------------- ----------------- ------------
Exelon Amount Ratio
------------------------------------- ----------------- ------------
Common Equity $9,713 40.24%
------------------------------------- ----------------- ------------
Preferred Securities and Minority 88 0.36%
Interests
------------------------------------- ----------------- ------------
Long-Term Debt (includes current 12,088 49.76
maturities)
------------------------------------- ----------------- ------------
Short-Term Debt 2,326 9.64%
------------------------------------- ----------------- ------------
Total Capitalization $24,135 100.00%
------------------------------------- ----------------- ------------
------------------------------------ ------------------ ------------
ComEd Amount Ratio
------------------------------------ ------------------ ------------
Common Equity $7,497 61.09%
------------------------------------ ------------------ ------------
Preferred Securities and Minority 7 0.05%
Interests
------------------------------------ ------------------ ------------
Long-Term Debt (includes current 4,769 38.86%
maturities)
------------------------------------ ------------------ ------------
Short-Term Debt -- n.m.
------------------------------------ ------------------ ------------
Total Capitalization $12,273 100.00%
------------------------------------ ------------------ ------------
7
------------------------------------ ------------------ ------------
PECO Amount Ratio
------------------------------------ ------------------ ------------
Common Equity $1,468 23.23%
------------------------------------ ------------------ ------------
Preferred 87 1.38%
------------------------------------ ------------------ ------------
Long-Term Debt (includes current 4,727 74.82%
maturities)
------------------------------------ ------------------ ------------
Short-Term Debt 36 0.57%
------------------------------------ ------------------ ------------
Total Capitalization $6,318 100.00%
------------------------------------ ------------------ ------------
------------------------------------ ------------------ ------------
Generation Amount Ratio
------------------------------------ ------------------ ------------
Member's Equity $3,824 67.41%
------------------------------------ ------------------ ------------
Minority Interest 2 0.03%
------------------------------------ ------------------ ------------
Long-Term Debt (includes current 1,810 31.91%
maturities)
------------------------------------ ------------------ ------------
Short-Term Debt 37 0.65%
------------------------------------ ------------------ ------------
Total Capitalization $5,673 100.00%
------------------------------------ ------------------ ------------
------------------------------------ ------------------ ------------
ComEd Indiana Amount Ratio
------------------------------------ ------------------ ------------
Common Equity $5 100.00%
------------------------------------ ------------------ ------------
Preferred -- n.m.
------------------------------------ ------------------ ------------
Long-Term Debt (includes current -- n.m.
maturities)
------------------------------------ ------------------ ------------
Short-Term Debt -- n.m.
------------------------------------ ------------------ ------------
Total Capitalization $5 100.00%
------------------------------------ ------------------ ------------
8
14. Financing Order - A retained earnings analysis of Exelon on a consolidated
basis and of each Utility Subsidiary detailing gross earnings, goodwill
amortization, dividends paid out of each capital account and the resulting
capital account balances at the end of the quarter.
Retained Earnings analysis at March 31, 2005 (in millions):
-------------------------------------- --------------------------------
Exelon
------
-------------------------------------- --------------------------------
Beginning Balance $3,353
-------------------------------------- --------------------------------
Net Income 521
-------------------------------------- --------------------------------
Dividends:
-------------------------------------- --------------------------------
Common Stock (267)
-------------------------------------- --------------------------------
Ending Balance $3,607
-------------------------------------- --------------------------------
-------------------------------------- --------------------------------
PECO
-------------------------------------- --------------------------------
Beginning Balance $607
-------------------------------------- --------------------------------
Net Income 129
-------------------------------------- --------------------------------
Dividends:
-------------------------------------- --------------------------------
Common Stock (115)
-------------------------------------- --------------------------------
Preferred Stock (1)
-------------------------------------- --------------------------------
Ending Balance $620
-------------------------------------- --------------------------------
-------------------------------------- --------------------------------
ComEd (a)
-------------------------------------- --------------------------------
Beginning Balance $1,102
-------------------------------------- --------------------------------
Net Income 70
-------------------------------------- --------------------------------
Dividends:
-------------------------------------- --------------------------------
Common Stock (138)
-------------------------------------- --------------------------------
Ending Balance $1,034
-------------------------------------- --------------------------------
(a) As of March 31, 2005, ComEd had appropriated $1,034 million of
retained earnings for future dividend payments.
-------------------------------------- --------------------------------
ComEd of Indiana
-------------------------------------- --------------------------------
Beginning Balance $3
-------------------------------------- --------------------------------
Net Income --
-------------------------------------- --------------------------------
Dividends:
-------------------------------------- --------------------------------
Common Stock --
-------------------------------------- --------------------------------
Ending Balance $3
-------------------------------------- --------------------------------
-------------------------------------- --------------------------------
Generation
-------------------------------------- --------------------------------
Beginning Balance $761
-------------------------------------- --------------------------------
Net Income 320
-------------------------------------- --------------------------------
Distribution to Member (239)
-------------------------------------- --------------------------------
Ending Balance $842
-------------------------------------- --------------------------------
9
15. Investment Order - U-6B-2 (Financings Exempt from SEC Approval)
o Information that would be reported on a U-6B-2 for security issuances
by Utility Subsidiaries that are exempt from approval by the SEC
(i.e., securities (long-term debt) approved by the State commissions).
See Exhibit B, Item F.
o Securities issued by a Non-Utility Subsidiary (including intercompany
notes; but not money pool transactions which are reported under Item
6) that are exempt from approval by the SEC (i.e., Non-Utility
Subsidiary securities issuances exempt under Rule 52).
See Exhibit B, Items A through E.
16. Financing Order - Future registration statements filed under the Securities
Act of 1933 with respect to securities that are subject of the instant
application-declaration will be filed or incorporated by reference as
exhibits to the next certificate filed under rule 24.
See Exelon's Form S-4 Registration Statement under the Securities Act of
1933 filed on February 10, 2005, File No. 333-12270 and as amended on April
14, 2005 and May 16, 2005.
17. Financing Order - A copy of relevant documents (e.g., underwriting
agreements, indentures, bank agreements) for the relevant quarter will be
filed with, or incorporated by reference from 1933 Act or 1934 Act filings
in such Rule 24 Certificates.
From Exelon's March 31, 2005 10-Q:
1. Exhibit No. 4-3-1 dated February 15, 2005, ComEd $91 million
tax-exempt First Mortgage Bond refinancing.
2. Exhibit No. 10-1 dated March 7, 2005, Exelon Corp. $2 billion term
loan with Citibank.
18. Financing Order - A computation in accordance with rule 53(a) setting forth
Exelon's "aggregate investment" in all EWGs and FUCOs, its "consolidated
retained earnings" and a calculation of the amount remaining under the
Requested EWG/FUCO Authority (i.e., $4 billion).
Rule 53(a) provides that a registered holding company's aggregate
investment in EWGs and FUCOs may not exceed 50% of its retained earnings.
Exelon was granted partial relief from this rule pursuant to the Financing
Order, which provides for a Modified Rule 53 Test applicable to Exelon's
investments in EWGs and FUCOs of $4,000 million. At March 31, 2005,
Exelon's "aggregate investment" (as defined in
10
rule 53(a) under PUHCA) in all EWGs and FUCOs was approximately $1,418
million and, accordingly, at March 31, 2005, Exelon's remaining investment
capacity under the Modified Rule 53 Test was approximately $2,582 million.
At March 31, 2005, Exelon's "consolidated retained earnings" (as defined in
rule 53(a) under PUHCA) was $3,276 million.
19. Financing Order - A breakdown showing Exelon's aggregate investment in each
EWG or FUCO counting against the EWG/FUCO Authority.
Pursuant to a request for confidential treatment under rule 104(b) of
PUHCA, Exelon is concurrently filing in paper format as Attachment 1,
certain information concerning the aggregate investment by EWG/FUCO
Project.
20. Financing Order - Total capitalization ratio of Exelon, with consolidated
debt to include all short-term debt and nonrecourse debt of all EWGs and
FUCOs.
At March 31, 2005, Exelon's consolidated capitalization ratio as so
calculated was 49.76% debt, 40.24% common equity, 9.64% short-term debt,
and 0.36% minority interests and preferred securities. (For these purposes,
"consolidated debt" means all long-term debt, long-term debt due within one
year, notes payable and other short-term obligations, including any
short-term debt and non-recourse debt of EWG/FUCO Projects, to the extent
normally consolidated under applicable financial reporting rules.)
21. Financing Order - The market-to-book ratio of Exelon's common stock.
At March 31, 2005, the market-to-book ratio of Exelon's common stock was
3.19 to 1.00.
22. Financing Order - Identification of any new EWG or FUCO counting against
the requested EWG/FUCO Authority in which Exelon has invested or committed
to invest during the preceding quarter.
There was one acquisition and one disposition of an EWG during the quarter
ending March 31, 2005, as follows:
On January 31, 2005, subsidiaries of Generation completed a series of
transactions that resulted in Generation's sale of its investment in Sithe.
Specifically, subsidiaries of Generation closed on the acquisition of
Reservoir Capital Group's 50% interest in Sithe and the sale of 100% of
Sithe to Dynegy, Inc. (Dynegy). Prior to closing on the sale to Dynegy,
subsidiaries of Generation received from Sithe approximately $65 million in
cash distributions. As a result of the sale, Exelon and Generation
deconsolidated from their balance sheets approximately $820 million of debt
and were released from approximately $125 million of credit support. Dynegy
acquired $32 million of cash as part of the sale of Sithe. Additionally,
Exelon has recorded $53 million of liabilities related to certain
indemnifications provided to Dynegy and
11
other liabilities directly resulting from the transaction. These
liabilities were taken into account in the final determination of the net
gain on the sale of $21 million (before income taxes). See Note 3 of
Exelon's Notes to Consolidated Financial Statements within Exelon's 2004
Form 10-K for further historical information regarding Generation's
investment in Sithe.
23. Financing Order - Analysis of the growth in consolidated retained earnings
that segregates total earnings growth of EWGs and FUCOs from that
attributable to other subsidiaries of Exelon.
Pursuant to a request for confidential treatment under rule 104(b) of
PUHCA, Exelon is concurrently filing in paper format as Attachment 1 total
earnings growth by EWG and FUCO project in the first quarter of 2005.
24. Financing Order - A statement of revenues and net income for each EWG and
FUCO for the twelve months ending as of the end of that quarter.
Pursuant to a request for confidential treatment under rule 104(b) of
PUHCA, Exelon is concurrently filing in paper format as Attachment 1, a
statement of revenue and net income for each EWG and FUCO for the twelve
months ended March 31, 2005.
25. Investment Order - Provide a copy of the consolidated balance sheet and
income statement for Ventures, Generation and Enterprises.
Pursuant to a request for confidential treatment under rule 104 (b) of
PUHCA, Exelon is concurrently filing in paper format as Attachment 1, a
consolidated balance sheet and income statement for Ventures and
Enterprises as of and for the quarter ended March 31, 2005. See Form 10-Q
for Generation filed on April 26, 2005.
26. Investment Order - A narrative description of Development Activities and
amount expended on Development Activities during the quarter just ended.
Pursuant to a request for confidential treatment under rule 104 (b) of
PUHCA, Exelon is concurrently filing in paper format as Attachment 1, a
description of Development Activities and amount expended on Development
Activities during the quarter ended March 31, 2005.
27. Investment Order - A narrative description of each investment made during
the quarter just ended including:
o Name of the company and its immediate parent;
12
o Method of investment (e.g., (1) purchases of capital shares,
partnership interests, member interests in limited liability
companies, trust certificates or other forms of voting or non-voting
equity interests; (2) capital contributions; (3) open account advances
without interest; (4) loans; and (5) guarantees issued, provided or
arranged in respect of the securities or other obligations of any
Intermediate Subsidiaries;
o Type of company and/or its business (e.g., EWG, FUCO, ETC, Rule 58
Subsidiary, Non-U.S. Energy related Subsidiary, Intermediate
Subsidiary, Financing Subsidiary);
o With respect to Intermediate Subsidiaries and Financing Subsidiaries,
the name, parent company and amount invested in any intermediate
subsidiary or financing subsidiary during the quarter and the amount
and terms of any securities issued by those subsidiaries during the
quarter; and
o With respect to Non-U.S. Energy Related Subsidiaries, the business
engaged in and the location (countries) where it does business.
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Immediate Company / Type of Company Method of Rate of Amount Purpose
Parent Subsidiary / Subsidiary Investment Interest
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
EED ComEd Utility Capital NA $709,132,326 Used for
contribution pension funding
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Ventures Registered Short-term loan LIBOR $842,145,936 Fund
holding company plus 110 subsidiaries
basis pension
points
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon EED Registered Capital NA $759,648,603 Fund
holding company contribution subsidiaries
pension
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon EBSC Service company Capital NA $245,709,130 Used for
contribution pension funding
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Generation Utility Capital NA $842,145,936 Used for
contribution pension funding
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation Susquehanna EWG Capital NA $3,396,736 Used for
Electric contribution pension funding
company
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation AmerGen EWG Capital NA $14,021,460 Used for
contribution pension funding
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation Nuclear U.S. Intermediate Capital NA $7,010,730 Fund
Holdings, subsidiary contribution subsidiaries
Inc. pension
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Nuclear U.S. Nuclear U.S. Intermediate Capital NA $70,107 Fund
Holdings, Inc Investments, subsidiary contribution subsidiaries
LLC pension
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Nuclear U.S. Nuclear, LP Intermediate Capital NA $7,010,730 Fund
Holdings, Inc subsidiary contribution subsidiaries
pension
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation Exelon SHC, Intermediate Capital NA $1,021,800 Operating funds
Inc. subsidiary contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation Exelon Intermediate Capital NA $4,168,400 Operating funds
Peaker subsidiary contribution
Development
Limited, LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Peaker ExTex EWG Capital NA $4,210,500 Used for
Development LaPorte contribution pension funding
Limited, LLC Limited
Partnership
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
PECO PECO Intermediate Capital NA $154,614,192 Used for
Wireless, LP subsidiary contribution investments
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
PECO ExTel Intermediate Capital NA $1,546,142 Used for
Corporation, subsidiary contribution investments
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon AOG Exelon New Rule 58 Capital NA $95,929,000 Operating funds
Holding 2, Inc. England Contribution
Power
Marketing, LP
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon AOG Exelon New Rule 58 Capital NA $ 969,000 Operating funds
Holding 1, Inc. England Contribution
Power
Marketing, LP
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
13
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation Exelon Rule 58 Capital NA $3,902,606 Used for
Energy contribution pension funding
Company
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation Exelon Capital Intermediate Capital NA $1,055,688 Fund
Consolidation subsidiary contribution decommissioning
trusts
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Limerick I Decommissioning Capital NA $1,000 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon PeachBottom Decommissioning Capital NA $274,000 Investments in
Generation I NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon PeachBottom Decommissioning Capital NA $1,000 Investments in
Generation II NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon PeachBottom Decommissioning Capital NA $1,000 Investments in
Generation III NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Dresden I Decommissioning Capital NA $1,721,600 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Dresden II Decommissioning Capital NA $103,800 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Dresden III Decommissioning Capital NA $354,000 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon LaSalle I Decommissioning Capital NA $77,700 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon LaSalle II Decommissioning Capital NA $56,300 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Byron I NQF, Decommissioning Capital NA $1,800 Investments in
Generation LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Byron II Decommissioning Capital NA $34,000 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Braidwood I Decommissioning Capital NA $6,300 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Braidwood II Decommissioning Capital NA $1,000 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Quad Cities Decommissioning Capital NA $91,300 Investments in
Generation I NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Quad Cities Decommissioning Capital NA $92,000 Investments in
Generation II NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Zion I NQF, Decommissioning Capital NA $113,800 Investments in
Generation LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
14
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Zion II NQF, Decommissioning Capital NA $112,700 Investments in
Generation LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
AmerGen Energy AmerGen Intermediate Capital NA $8,000 Investments in
Company Consolidation, company contribution decommissioning
LLC trust
subsidiaries
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
AmerGen AmerGen TMI Decommissioning Capital NA $2,000 Investments in
NQF, LLC trust contribution decommissioning
trusts
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
AmerGen AmerGen Decommissioning Capital NA $2,000 Investments in
Oyster Creek trust contribution decommissioning
NQF, LLC trusts
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
AmerGen AmerGen Decommissioning Capital NA $2,000 Investments in
Clinton NQF, trust contribution decommissioning
LLC trusts
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation Exelon Rule 58 Capital NA $4,547,988 Used for
PowerLabs, contribution pension funding
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Enterprises Intermediate Revolving Exelon's $1,000,000 Operating
holding company credit loan commercial funds
rate
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Enterprises F&M Holdings Rule 58 Revolving LIBOR $8,690,074 Operating funds
Company, LLC credit loan plus 50
basis
points
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
F&M Holdings II Services, Rule 58 Revolving LIBOR $4,465 Operating funds
Company, LLC Inc. credit loan plus 50
basis
points
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
F&M Holdings Fischbach & Rule 58 Revolving LIBOR $12,146,390 Operating funds
Company, LLC Moore credit loan plus 50
Electric, basis
Inc. points
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Enterprises Exelon Rule 58 Revolving LIBOR $1,256,622 Operating
Services, credit loan plus 50 funds
Inc. basis points
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
28. Investment Order - With respect to reorganizations during the quarter, a
narrative description of the reorganization together with specifics as to
the assets or securities transferred, the method of transfer and the price
or other consideration for the transfer, and the names of the companies
involved in the transfer.
None.
29. Investment Order - A chart showing, as of the end of such quarterly period
and reflecting any reorganization accomplished during the quarter, all
associated companies of Exelon, in addition to Ventures, that are
Non-Utility Subsidiaries and identifying each as an EWG, FUCO, ETC, Rule 58
Subsidiary, Non-U.S.
15
Energy Related Subsidiary, Intermediate Subsidiary or Financing Subsidiary,
as applicable, and indicating Exelon's percentage equity ownership in each
such entity.
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Tier Company Common Parent Other Voting PUHCA Type of
Shares Business and
Owned Voting Power Power Authority
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Public Utility
Exelon Holding Company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
1 Exelon Business Services Company 1 100% NA Service Company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (Captive
1 Unicom Assurance Company, Ltd.* NA 100% NA insurance company)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
1 Exelon Investment Holdings, LLC NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
1 Exelon Capital Trust I* NA 100% NA Financing company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
1 Exelon Capital Trust II* NA 100% NA Financing company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
1 Exelon Capital Trust III* NA 100% NA Financing company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
advantaged
1 UII, LLC 100 100% NA transactions)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
advantaged
2 Scherer Holdings 1, LLC NA 100% NA transactions)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
advantaged
2 Scherer Holdings 2, LLC NA 100% NA transactions)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
advantaged
2 Scherer Holdings 3, LLC NA 100% NA transactions)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
2 Spruce Holdings, G.P.2000, LLC NA 100% NA advantaged
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
2 Spruce Holdings, L.P.2000, LLC NA 100% NA advantaged
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
3 Spruce Equity Holdings, L.P. NA 99.0% Spruce, LP advantaged
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
NA 1.00% Spruce, GP
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
4 Spruce Holdings Trust NA 100% NA advantaged
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
2 Wansley Holdings 1, LLC NA 100% NA advantaged
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
2 Wansley Holdings 2, LLC NA 100% NA advantaged
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Public utility
holding company,
1 Exelon Ventures Company, LLC NA 100% NA first tier
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
2 URI, LLC NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
2 Exelon Synfuel I, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Voting
limited to
tax credit
3 DTE Buckeye, LLC NA 59% activities Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
2 Exelon Synfuel II, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Voting
limited to
tax credit
3 DTE Belews Creek, LLC NA 99% activities Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
2 Exelon Synfuel III, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Voting
limited to
Carbontronics Synfuels tax credit
3 Investors, L.P. NA 16.65% activities Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Public utility
2 Exelon Generation Company, LLC NA 100% NA company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in
Exelon Generation Finance Financing
3 Company, LLC NA 100% NA Order(Financing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 NuStart Energy Development, LLC NA ~ 10% NA Development company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
ExTex Retail Services Company,
3 LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 Penesco Company, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (Development
3 Port City Power, LLC NA 100% NA Company)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
16
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Southeast Chicago Energy
3 Project, LLC NA 100% NA EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (captive
3 Concomber, Ltd. NA 100% NA insurance company)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 Cenesco Company, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Exelon Allowance Management
3 Company, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 Susquehanna Electric Company 1,000 100% NA EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
3 Exelon SHC, Inc. NA 85.00% Generation subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
NA 14.00% Peaker DG, LP
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
NA 1.00% Ventures
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 Keystone Fuels, LLC NA 20.99% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 Conemaugh Fuels, LLC NA 2.072% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
3 Nuclear US Holdings, Inc. 73,000 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
4 Nuclear US Investments, LLC NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Nuclear US
Holdings, Intermediate
4 Nuclear, Limited Partnership NA 99.00 Inc. as LP subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Nuclear US
Investments,
1.00% LLC as GP
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
5 AmerGen Energy Company, LLC NA 50.00% Generation EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Nuclear,
Limited
NA 50.00% Partnership
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
6 AmerGen Consolidation, LLC NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
7 AmerGen TMI NQF, LLC NA 100% NA Intermediate
subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
7 AmerGen Oyster Creek NQF, LLC NA 100% NA Intermediate
subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
AmerGen Clinton NQF, LLC Intermediate
7 NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 TEG Holdings, LLC NA 100% NA Intermediate
subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
4 Tamuin International, Inc. NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
North America Power Services, Rule 58
5 Inc. NA 100% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Sithe Overseas Power Services, Rule 58
5 Ltd. NA 100% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
5 Tamuin International Finance, LLC NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Tamuin International Finance II, Financing
5 LLC NA 100% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Tamuin Energy Management Rule 58
5 Services, Inc. NA 100% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Tamuin Energy Management Rule 58
5 Services II, Inc. NA 100% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Sithe Latin America Holdings, Intermediate
5 Ltd. NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
6 Sithe Pardo Holdings, Ltd. NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
7 Tamuin Holdings A, LLC NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Sithe Tamuin Energy Services II, EWG
8 S. de R.L. de C.V. NA 100% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
8 Tamuin Holdings III, LLC NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Sithe Tamuin Investments II, S. Intermediate
9 de R.L. de C.V. NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
10 Tamuin Mexican Business Trust II NA 49.50% NA EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Termoelectricia Penoles, S. de EWG
11 R.L. de C.V. NA 98.00% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
7 Sithe Tamuin Holdings, LLC NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Sithe Tamuin Energy Services, S. EWG
8 de R.L. de C.V. NA 100% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
8 Tamuin Holdings II, LLC NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Sithe Tamuin Investments, S. de Intermediate
9 R.L. de C.V. NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Tamuin Development, S. de R.L. Rule 58
10 de C.V. NA 50.00% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
10 Tamuin Mexican Business Trust NA 49.50% NA EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Termoelectricia del Golfo, S. de EWG
11 R.L. de C.V. NA 98.00% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 PECO Energy Power Company 984,000 100% NA EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 Susquehanna Power Company 1,273,000 100% NA EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
The Proprietors of the
5 Susquehanna Canal NA 100% NA Inactive
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Exelon Generation International, Intermediate
3 Inc. NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Exelon Peaker Development Intermediate
3 General, LLC NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
17
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Exelon Peaker Development Intermediate
3 Limited, LLC NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Exelon
Peaker
Development
ExTex LaPorte Limited Limited,
4 Partnership NA 99.00% LLC EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Exelon
Peaker
Development
1.00% General, LLC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 ExTex Marketing, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
ExTex
Marketing,
4 ExTex Power, LP NA 99.00% LLC Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
NA 1.00% Generation
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
3 Exelon AOG Holdings # 1, Inc. NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
3 Exelon AOG Holdings # 2, Inc. NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Exelon AOG
Exelon New England Power Holdings #
4 Marketing, LP NA 99.00% 2, Inc. LP Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Exelon AOG
Holdings #
NA 1.00% 1, Inc. GP
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
3 Exelon New England Holdings, LLC NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 ENEH Services, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Exelon New England Development,
4 LLC NA 100% NA Development company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 Exelon Wyman, LLC NA 100% NA EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 Exelon Edgar, LLC NA 100% NA EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 Exelon Framingham, LLC NA 100% NA EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Exelon Framingham Development,
4 LLC NA 100% NA Development company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 Exelon West Medway, LLC NA 100% NA EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 Exelon West Medway Expansion, LLC NA 100% NA Development company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Exelon West Medway Development,
4 LLC NA 100% NA Development company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 Exelon New Boston, LLC NA 100% NA EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 Exelon Hamilton, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 Exelon PowerLabs, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Exelon Generation Consolidation, Intermediate
3 LLC NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 Braidwood 1 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 Braidwood 2 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 Byron 1 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 Byron 2 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 Dresden 1 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 Dresden 2 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 Dresden 3 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 LaSalle 1 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 LaSalle 2 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 Limerick 1 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 Limerick 2 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
18
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 PeachBottom 1 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 PeachBottom 2 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 PeachBottom 3 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 Quad Cities 1 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 Quad Cities 2 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 Salem 1 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 Salem 2 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 Zion 1 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Successor to trusts
approved in the
4 Zion 2 NQF, LLC NA 100% NA merger order
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 Exelon Energy Company 100 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
AllEnergy Gas & Electric
4 Marketing Company, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
5 Texas Ohio Gas, Inc. 100 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Non-utility holding
2 Exelon Enterprises Company, LLC NA 100% NA company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Exelon Enterprises Management, Order (Rule 58 and
3 Inc. 100% NA Telecommunications)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 CIC Global, LLC NA 50.00 NA ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 UniGrid Energy, LLC NA 50.00% NA ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 Phoenix Foods, LLC NA 5.00% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 ECPH, LLC NA 100% NA Hold ETC investments
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (energy
UTECH Climate Challenge Fund, related - venture
5 L.P. NA 24.30% NA capital Rule 58)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
ECP Telecommunications Holdings,
5 LLC NA 100% NA Hold ETCs
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
6 Everest Broadband Networks NA 15.50% NA ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
6 Exotrope, Inc. NA < 10% NA ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
6 Media Station, Inc. NA 2.48% NA ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
6 SoftComp, Inc. (Permits Now) NA 15.51% NA Inactive
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
6 VITTS Network Group, Inc. NA 20.26% NA ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
6 OmniChoice.com, Inc. 30.10% NA ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
6 WorldWide Web Network Corp < 10.00% NA ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Exelon Enterprises Investments, Order (Rule 58 and
5 Inc. 100% NA ETCs)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 F&M Holdings Company, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 Oldco VSI, Inc. 100 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
5 EGW Meter Services, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 II Services, Inc. 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
5 EIS Engineering, Inc. 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
6 InfraSource Field Services, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 NEWCOSY, Inc. 1 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Fischbach and Moore Electric,
4 Inc. 1 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 NEWCOTRA, Inc. 1 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
5 Fischbach and Moore, Inc. 1 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Fischbach and Moore Electrical
6 Contracting, Inc. 1 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
19
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
6 T.H. Green Electric Co, Inc. 1 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
5 Rand-Bright Corporation 1 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
5 OSP Servicios S.A. de C.V.* 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 EIS Investments, LLC* NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 Exelon Services, Inc. 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 Unicom Power Marketing, Inc. 100 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 Adwin Equipment Company 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 Exelon Thermal Holdings, Inc. 100 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 ETT North America, Inc. 10 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Merger Order
Reserved
Jurisdiction;
Investment U-1 in
Docket 70-9691
Northwind Thermal Technologies (Rule 58 operating
5 Canada, Inc. 10 100% NA outside the U.S.)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Merger Order
Reserved
Jurisdiction;
Investment U-1 in
Docket 70-9691
(Rule 58 operating
6 ETT Canada, Inc. 10 100% NA outside the U.S.)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Merger Order
Reserved
Jurisdiction;
Investment U-1 in
Docket 70-9691
(Rule 58 operating
7 Northwind Windsor NA 50.00% NA outside the U.S.)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 Exelon Thermal Development, Inc. 100 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 ETT Boston, Inc. 100 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 Northwind Boston, LLC NA 25.00% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate public
Exelon Energy Delivery Company, utility holding
1 LLC NA 100% NA company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Electric and gas
2 PECO Energy Company 170,478,507 100% NA utility company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
East Coast Natural Gas
3 Cooperative, LLP NA 41.12% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 Horizon Energy Company* 1,000 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Merger Order
reserved
jurisdiction (real
3 Adwin Realty Company 1,000 100% NA estate)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 Ambassador II Joint Venture* NA 50.00% NA Merger Order
reserved
jurisdiction (real
estate)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Merger Order
reserved
jurisdiction (real
4 Bradford Associates NA 50.00% NA estate)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Merger Order
reserved
jurisdiction (real
4 Henderson Ambassador Associates NA 50.00% NA estate)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 PECO Energy Transition Trust NA 100% NA Approved in Merger
Order (financing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 PECO Energy Capital Corp 1,000 100% NA Approved in Merger
Order (financing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
4 PECO Energy Capital Trust III NA 100% NA Order (financing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
4 PECO Energy Capital, LP NA 3.00% NA Order (financing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 PECO Energy Capital Trust IV NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 PECO Energy Capital Trust V NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 PECO Energy Capital Trust VI NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
3 ExTel Corporation, LLC NA 100% NA Subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
4 PECO Wireless, LP NA 99.00% PECO subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
1.00% ExTel
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
5 ATNP Finance Company 100 100% NA Order (financing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
5 PEC Financial Services, LLC NA 100% NA Order (financing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Adwin (Schuykill) Cogeneration,
3 Inc. 50.00% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Public utility
holding company,
second tier,
electric utility
2 Commonwealth Edison Company 127,016,488 99.90% NA company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Commonwealth Edison Company of Electric utility
3 Indiana, Inc. 908,084 100% NA company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 ComEd Financing II NA 100% NA Approved in Merger
Order (financing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
20
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
3 ComEd Financing III NA 100% NA Order (financing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
3 ComEd Funding, LLC NA 100% NA Order (financing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 ComEd Transitional Funding Trust NA 100% NA Approved in Merger
Order (financing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (economic and
community
3 Edison Development Company 741 100% NA development)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Merger Order
Reserved
Jurisdiction;
Investment U-1 in
Docket 70-9691
(economic and
community
3 Edison Development Canada, Inc. 15,158 100% NA development)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Merger Order
Reserved
Jurisdiction;
Investment U-1 in
Docket 70-9691
(economic and
community
4 Edison Finance Partnership NA 100% NA development)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
* Inactive company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Changes During the Quarter
Name Changes
------------
Sithe International, Inc. name changed to
Tamuin International, Inc.
January 26, 2005
Sithe Energy Management Services, Inc. name changed to
Tamuin Energy Management Services, Inc.
January 1, 2005
Sithe Energy Management Services II, Inc. name changed to
Tamuin Energy Management Services II, Inc.
January 1, 2005
Sithe Tamuin Holdings II, LLC name changed to
Tamuin Holdings II, LLC
January 26, 2005
Sithe Tamuin Development Services, S. de R.L. de C.V. name changed to
Tamuin Development Services, S. de R.L. de C.V.
January 1, 2005
Sithe Tamuin Holdings III, LLC name changed to
Tamuin Holdings III, LLC
January 26, 2005
21
Sithe Tamuin Holdings A, LLC name changed to
Tamuin Holdings A, LLC
January 1, 2005
Sithe Tamuin Holdings, LLC name changed to
Tamuin Holdings, LLC March 15, 2005
Sithe International Finance II, LLC name changed to
Tamuin International Finance II, LLC
March 29, 2005
Sithe International Finance, LLC name changed to
Tamuin International Finance, LLC
March 15, 2005
Dissolutions
------------
EEI Telecommunications Holdings, LLC
Dissolved March 31, 2005
Exelon Communications Holdings, LLC
Dissolved March 31, 2005
PHT Holdings, LLC
Dissolved March 31, 2005
Exelon Communications Company, LLC
Dissolved March 31, 2005
Dispositions During the Year
----------------------------
ExRES Power Holdings, Inc.
Sold on January 31, 2005
Sithe Energies, Inc.
Sold on January 31, 2005
EXRES SHC, Inc.
Sold on January 31, 2005
22
S I G N A T U R E
Pursuant to the requirements of PUHCA, the undersigned company has duly
caused this document to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: May 31, 2005
EXELON CORPORATION
By:/s/ Matthew F. Hilzinger
--------------------------
Vice President and Corporate
Controller
23
Exhibit A
---------
Glossary of Defined Terms
-------------------------
AmerGen AmerGen Energy Company, LLC
AOG # 1 Exelon AOG Holding # 1, Inc.
AOG # 2 Exelon AOG Holding # 2, Inc.
Authorization Period April 1, 2004 through April 15, 2007
ComEd Commonwealth Edison Company
ComEd of Indiana Commonwealth Edison Company of Indiana, Inc.
EBSC Exelon Business Services Company
Exelon Exelon Corporation
Enterprises Exelon Enterprises Company, LLC
EED Exelon Energy Delivery Company, LLC
Equity Linked Securities Securities, including units
consisting of a combination of incorporated options,
warrants and/or forward equity purchase contracts
with debt, preferred stock, or Preferred Securities.
ERCs Energy Related Companies
ETCs Exempt telecommunications companies
EWGs Exempt wholesale generators
ExTel ExTel Corporation, LLC
Financing Order SEC financing order issued to Exelon on April 1,
2004, for the period April 1, 2004 through
April 15, 2007
FUCO Foreign utility company
ExTex ExTex LaPorte Limited Partnership
Generation Exelon Generation Company, LLC
GenFinance Exelon Generation Finance Company
GP General partner
Investment Order SEC investment order issued to Exelon on
June 27, 2002, for the period June 30, 2000 through
June 30, 2005
LIBOR London interbank offered rate
LP Limited Partner
n.m. Not meaningful
Peaker DG Exelon Peaker Development General, LLC
Peaker DL Exelon Peaker Development Limited, LLC
PECO PECO Energy Company
PEPCO PECO Energy Power Company
Power Holdings Exelon Power Holdings, LP
PETT PECO Energy Transition Trust
Preferred Securities Including, specifically, trust preferred securities,
or monthly income preferred securities.
Sithe Sithe Energies, Inc.
ENEH Exelon New England Holdings, LLC
Southeast Chicago Southeast Chicago Energy Project, LLC
SECO Susquehanna Electric Company
SPCO Susquehanna Power Company
Spruce, GP Spruce Holdings GP 2000, LLC
Spruce, LP Spruce Holdings LP 2000, LLC
Ventures Exelon Ventures Company, LLC
24
Exhibit B - Item 15
-------------------
A.
--
Enterprises has issued the security described herein which issue was exempted
from the provisions of section 6(a) of the Act and was neither the subject of a
declaration or application on Form U-1 nor included within the exemption
provided by Rule U-48.
1. Type of securities (draft, promissory note): Revolving credit loan.
2. Issue, renewal or guaranty: Issue.
3. Principal amount of each security: $1,000,000.
4. Rate of interest per annum of each security: Exelon's commercial rate.
5. Date of issue, renewal or guaranty of each security: March 25, 2005.
6. If renewal of security, give date of original issue: Not applicable.
7. Date of maturity of each security (in the case of demand notes, indicate
demand): Revolving credit.
8. Name of the person to whom each security was issued, renewed or guaranteed:
Exelon.
9. Collateral given with each security: None.
10. Consideration given for each security: Cash.
11. Application of proceeds for each security: The proceeds from this issuance
were used for operating funds.
12. Indicate by a check after the applicable statement below whether the issue,
renewal or guaranty of each security was exempt from the provisions of
Section (a) because of:
a. the provisions contained in the first sentence of section 6 (b): [ ]
b. the provisions contained in the fourth sentence 6 (b): [ ]
c. the provisions in any rule of the Commission other than Rule U-48: [X]
13. If the security or securities are exempt from the provisions of section
6(a) by virtue of Section 6(b), give the figures that indicate that the
securities or securities aggregate (together with all other then
outstanding notes and drafts of a maturity of nine months or less,
exclusive of days of grace, as to which such company is primarily or
secondarily liable) not more than 5 per centum of the principle amount and
par value of the other securities of such company then outstanding. (Demand
notes, regardless of how long they may have been outstanding, shall be
considered as maturing in not more than nine months for
25
the purpose of the exemption from Section 6(a) of the Act granted by the
first sentence of section 6(b): Not Applicable.
14. If the securities are exempt from the provisions of section 6 (a) because
of the fourth sentence of section 6 (b), name the security outstanding on
January 1, 1935, pursuant to the terms of which the security or securities
herein described have been issued: Not Applicable.
15. If the securities are exempt from the provisions of section 6 (a) because
of any rule of the Commission other than Rule U-48 designate the rule under
which exemption is claimed: Rule 52 (b).
26
B.
--
II Services has issued the security described herein which issue was exempted
from the provisions of section 6(a) of the Act and was neither the subject of a
declaration or application on Form U-1 nor included within the exemption
provided by Rule U-48.
1. Type of securities (draft, promissory note): Revolving credit loan.
2. Issue, renewal or guaranty: Issue.
3. Principal amount of each security: $4,465.
4. Rate of interest per annum of each security: One month LIBOR plus 50 basis
points.
5. Date of issue, renewal or guaranty of each security: Various, first quarter
2005, 2004.
6. If renewal of security, give date of original issue: Not applicable.
7. Date of maturity of each security (in the case of demand notes, indicate
demand): Revolving credit.
8. Name of the person to whom each security was issued, renewed or guaranteed:
F&M Holdings Company, LLC.
9. Collateral given with each security: None.
10. Consideration given for each security: Cash.
11. Application of proceeds for each security: The proceeds from the revolving
credit loan were used to provide operating funds.
12. Indicate by a check after the applicable statement below whether the issue,
renewal or guaranty of each security was exempt from the provisions of
Section (a) because of:
a. the provisions contained in the first sentence of section 6 (b): [ ]
b. the provisions contained in the fourth sentence 6 (b): [ ]
c. the provisions in any rule of the Commission other than Rule U-48: [X]
13. If the security or securities are exempt from the provisions of section
6(a) by virtue of Section 6(b), give the figures that indicate that the
securities or securities aggregate (together with all other then
outstanding notes and drafts of a maturity of nine months or less,
exclusive of days of grace, as to which such company is primarily or
secondarily liable) not more than 5 per centum of the principle amount and
par value of the other securities of such company then outstanding. (Demand
notes, regardless of how long they may have been
27
outstanding, shall be considered as maturing in not more than nine months
for the purpose of the exemption from Section 6(a) of the Act granted by
the first sentence of section 6(b): Not Applicable.
14. If the securities are exempt from the provisions of section 6 (a) because
of the fourth sentence of section 6 (b), name the security outstanding on
January 1, 1935, pursuant to the terms of which the security or securities
herein described have been issued: Not Applicable.
15. If the securities are exempt from the provisions of section 6 (a) because
of any rule of the Commission other than Rule U-48 designate the rule under
which exemption is claimed: Rule 52 (b).
28
C.
--
Exelon Services, Inc. has issued the security described herein which issue was
exempted from the provisions of section 6(a) of the Act and was neither the
subject of a declaration or application on Form U-1 nor included within the
exemption provided by Rule U-48.
1. Type of securities (draft, promissory note): Revolving credit loan.
2. Issue, renewal or guaranty: Issue.
3. Principal amount of each security: $1,256,622.
4. Rate of interest per annum of each security: LIBOR plus 50 basis points.
5. Date of issue, renewal or guaranty of each security: January 14, 2005 in
the amount of $316,533 and March 16, 2005 in the amount of $940,089.
6. If renewal of security, give date of original issue: Not applicable.
7. Date of maturity of each security (in the case of demand notes, indicate
demand): Revolving credit.
8. Name of the person to whom each security was issued, renewed or guaranteed:
Enterprises.
9. Collateral given with each security: None.
10. Consideration given for each security: Cash.
11. Application of proceeds for each security: The proceeds from the revolving
credit loan were used to provide operating funds.
12. Indicate by a check after the applicable statement below whether the issue,
renewal or guaranty of each security was exempt from the provisions of
Section (a) because of:
a. the provisions contained in the first sentence of section 6 (b): [ ]
b. the provisions contained in the fourth sentence 6 (b): [ ]
c. the provisions in any rule of the Commission other than Rule U-48: [X]
13. If the security or securities are exempt from the provisions of section
6(a) by virtue of Section 6(b), give the figures that indicate that the
securities or securities aggregate (together with all other then
outstanding notes and drafts of a maturity of nine months or less,
exclusive of days of grace, as to which such company is primarily or
secondarily liable) not more than 5 per centum of the principle amount and
par value of the other securities of such company then outstanding. (Demand
notes, regardless of how long they may have been outstanding, shall be
considered as maturing in not more than nine months for
29
the purpose of the exemption from Section 6(a) of the Act granted by the
first sentence of section 6(b): Not applicable.
14. If the securities are exempt from the provisions of section 6 (a) because
of the fourth sentence of section 6 (b), name the security outstanding on
January 1, 1935, pursuant to the terms of which the security or securities
herein described have been issued: Not applicable.
15. If the securities are exempt from the provisions of section 6 (a) because
of any rule of the Commission other than Rule U-48 designate the rule under
which exemption is claimed: Rule 52 (b).
30
D.
----
Fischbach & Moore Electric, Inc. has issued the security described herein which
issue was exempted from the provisions of section 6(a) of the Act and was
neither the subject of a declaration or application on Form U-1 nor included
within the exemption provided by Rule U-48.
1. Type of securities (draft, promissory note): Revolving credit loan.
2. Issue, renewal or guaranty: Issue.
3. Principal amount of each security: $12,146,390.
4. Rate of interest per annum of each security: LIBOR plus 50 basis points.
5. Date of issue, renewal or guaranty of each security: January 10, 2005, in
the amount of $2,250,000 and March 16, 2005 in the amount of $9,896,390.
6. If renewal of security, give date of original issue: Not applicable.
7. Date of maturity of each security (in the case of demand notes, indicate
demand): Revolving credit.
8. Name of the person to whom each security was issued, renewed or guaranteed:
Enterprises.
9. Collateral given with each security: None.
10. Consideration given for each security: Cash.
11. Application of proceeds for each security: The proceeds from this issuance
were used for operating funds.
12. Indicate by a check after the applicable statement below whether the
issue, renewal or guaranty of each security was exempt from the
provisions of Section
(a) because of:
a. the provisions contained in the first sentence of section 6 (b): [ ]
b. the provisions contained in the fourth sentence 6 (b): [ ]
c. the provisions in any rule of the Commission other than Rule U-48: [X]
13. If the security or securities are exempt from the provisions of section
6(a) by virtue of Section 6(b), give the figures that indicate that the
securities or securities aggregate (together with all other then
outstanding notes and drafts of a maturity of nine months or less,
exclusive of days of grace, as to which such company is primarily or
secondarily liable) not more than 5 per centum of the principle amount and
par value of the other securities of such company then
31
outstanding. (Demand notes, regardless of how long they may have been
outstanding, shall be considered as maturing in not more than nine months
for the purpose of the exemption from Section 6(a) of the Act granted by
the first sentence of section 6(b): Not Applicable.
14. If the securities are exempt from the provisions of section 6 (a) because
of the fourth sentence of section 6 (b), name the security outstanding on
January 1, 1935, pursuant to the terms of which the security or securities
herein described have been issued: Not Applicable.
15. If the securities are exempt from the provisions of section 6 (a) because
of any rule of the Commission other than Rule U-48 designate the rule under
which exemption is claimed: Rule 52 (b).
32
E.
--
F&M Holdings Company, LLC has issued the security described herein which issue
was exempted from the provisions of section 6(a) of the Act and was neither the
subject of a declaration or application on Form U-1 nor included within the
exemption provided by Rule U-48.
1. Type of securities (draft, promissory note): Revolving credit loan.
2. Issue, renewal or guaranty: Issue.
3. Principal amount of each security: $8,690,074.
4. Rate of interest per annum of each security: LIBOR plus 50 basis points.
5. Date of issue, renewal or guaranty of each security: March 16, 2005.
6. If renewal of security, give date of original issue: Not applicable.
7. Date of maturity of each security (in the case of demand notes, indicate
demand): Revolving credit.
8. Name of the person to whom each security was issued, renewed or guaranteed:
Enterprises.
9. Collateral given with each security: None.
10. Consideration given for each security: Cash.
11. Application of proceeds for each security: The proceeds from this issuance
were used for operating funds.
12. Indicate by a check after the applicable statement below whether the issue,
renewal or guaranty of each security was exempt from the provisions of
Section (a) because of:
a. the provisions contained in the first sentence of section 6 (b): [ ]
b. the provisions contained in the fourth sentence 6 (b): [ ]
c. the provisions in any rule of the Commission other than Rule U-48: [X]
13. If the security or securities are exempt from the provisions of section
6(a) by virtue of Section 6(b), give the figures that indicate that the
securities or securities aggregate (together with all other then
outstanding notes and drafts of a maturity of nine months or less,
exclusive of days of grace, as to which such company is primarily or
secondarily liable) not more than 5 per centum of the principle amount and
par value of the other securities of such company then outstanding. (Demand
notes, regardless of how long they may have been outstanding, shall be
considered as maturing in not more than nine months for
33
the purpose of the exemption from Section 6(a) of the Act granted by the
first sentence of section 6(b): Not Applicable.
14. If the securities are exempt from the provisions of section 6 (a) because
of the fourth sentence of section 6 (b), name the security outstanding on
January 1, 1935, pursuant to the terms of which the security or securities
herein described have been issued: Not Applicable.
15. If the securities are exempt from the provisions of section 6 (a) because
of any rule of the Commission other than Rule U-48 designate the rule under
which exemption is claimed: Rule 52 (b).
34
F.
--
ComEd has issued the security described herein which issue was exempted from the
provisions of section 6(a) of the Act and was neither the subject of a
declaration or application on Form U-1 nor included within the exemption
provided by Rule U-48.
1. Type of securities (draft, promissory note): Illinois Finance Authority
Pollution Control Revenue Refunding Bonds.
2. Issue, renewal or guaranty: Issue.
3. Principal amount of each security: $91,000,000.
4. Rate of interest per annum of each security: Auction rate.
5. Date of issue, renewal or guaranty of each security: March 17, 2005.
6. If renewal of security, give date of original issue: Not applicable.
7. Date of maturity of each security (in the case of demand notes, indicate
demand): March 1, 2017.
8. Name of the person to whom each security was issued, renewed or guaranteed:
Various.
9. Collateral given with each security: First mortgage bond.
10. Consideration given for each security: Cash.
11. Application of proceeds for each security: The proceeds from this issuance
were used to refinance previously issued pollution control revenue bonds.
12. Indicate by a check after the applicable statement below whether the
issue, renewal or guaranty of each security was exempt from the
provisions of Section
(a) because of:
a. the provisions contained in the first sentence of section 6 (b):
[ ]
b. the provisions contained in the fourth sentence 6 (b): [ ]
c. the provisions in any rule of the Commission other than Rule
U-48: [X]
13. If the security or securities are exempt from the provisions of section
6(a) by virtue of Section 6(b), give the figures that indicate that the
securities or securities aggregate (together with all other then
outstanding notes and drafts of a maturity of nine months or less,
exclusive of days of grace, as to which such company is primarily or
secondarily liable) not more than 5 per centum of the principle amount and
par value of the other securities of such company then outstanding. (Demand
notes, regardless of how long they may have been outstanding, shall be
considered as maturing in not more than nine months for
35
the purpose of the exemption from Section 6(a) of the Act granted by the
first sentence of section 6(b): Not Applicable.
14. If the securities are exempt from the provisions of section 6 (a) because
of the fourth sentence of section 6 (b), name the security outstanding on
January 1, 1935, pursuant to the terms of which the security or securities
herein described have been issued: Not Applicable.
15. If the securities are exempt from the provisions of section 6 (a) because
of any rule of the Commission other than Rule U-48 designate the rule under
which exemption is claimed: Rule 52 (a).
36