United States
Securities and Exchange Commission
Washington, D.C. 20549
Form U-13-60
Annual Report
For the Period
Beginning January 1, 2001 and Ending December 31, 2001
TO THE
U.S. SECURITIES AND EXCHANGE COMMISSION
FOR
EXELON BUSINESS SERVICES COMPANY
A Subsidiary Service Company
Date of Incorporation 12/31/00
------------------------------
State of Sovereign Power under which Incorporated or Organized Pennsylvania
-----------------
Location of Principal Executive Offices of Reporting Company
10 South Dearborn St., Chicago, IL 60680-5379
Name, title, and address of officer to whom correspondence concerning this
report should be addressed:
Ruth Ann M. Gillis Senior Vice-President and Chief Financial Officer
--------------------- ----------------------------------------------------
(Name) (Title)
10 South Dearborn Street, Chicago, IL 60680-5379
(Address)
Name of Principal Holding Company Whose Subsidiaries are served by Reporting
Company:
Exelon Corporation
--------------------------------------------------------------------------------
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS
Schedule of
Account Page
Description of Schedules and Accounts Number Number
-----------------------------------------------------------------------------------------------------
Comparative Balance Schedule I 4-5
Service Company Property Schedule II 6
Accumulated Provision for Depreciation
and Amortization of Service Company Property Schedule III 7
Investments Schedule IV 8
Accounts Receivable from Associate Companies Schedule V 9-10
Fuel Stock Expenses Undistributed Schedule VI 11
Stores Expense Undistributed Schedule VII 11
Miscellaneous Current and Accrued Expenses Schedule VIII 12
Miscellaneous Deferred Debits Schedule IX 12
Research, Development, or Demonstration Expenditures Schedule X 13
Proprietary Capital Schedule XI 13-14
Long-Term Debt Schedule XII 14
Current and Accrued Liabilities Schedule XIII 15
Notes to Financial Statements Schedule XIV 16
Comparative Income Statement Schedule XV 17
Analysis of Billing - Associated Companies Account 457 18
Analysis of Billing - Non Associate Companies Account 458 19
Analysis of Charges for Service-Associate and
and Non Associate Companies Schedule XVI 20-23
Schedule of Expense by Department or Service Function Schedule XVII 24-26
Departmental Analysis of Salaries Account 920 27
Outside Services Employed Account 923 28-42
Employee Pensions and Benefits Account 926 43
General Advertising Expenses Account 930.1 44-45
Miscellaneous General Expenses Account 930.2 46
Rents Account 931 46
2
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS
Schedule of
Account Page
Description of Schedules and Accounts Number Number
-----------------------------------------------------------------------------------------------------
Taxes Other Than Income Taxes Account 408 47
Donations Account 426.1 48
Other Deductions Account 426.5 49-50
Notes to Statement of Income Schedule XVIII 51
Organization Chart 52
Methods of Allocation 53
Annual Statement of Compensation for Use of Capital Billed 54
Exhibit 1: Non-Service Associate Company Transactions 55
3
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
Schedule I - Comparative Balance Sheet
(in thousands)
Give balance sheet of the Company as of December 31 of the current period and prior year.
Account Assets and Other Debits As of December 31
Current Prior (a)
Service Company Property
101 Service Company Property (Schedule II) $130,961 $ -
107 Construction work in progress (Schedule II) 52,285
---------- ---------
Total Property 183,246
108 Less accumulated provision for depreciation
and amortization of service company property
(Schedule III) 51,235
---------- ---------
Net Service Company Property $132,011 $ -
---------- ---------
Investments
123 Investments in associate companies (Schedule IV) $ - $ -
124 Other Investments (Schedule IV) 4,163
---------- ---------
Total Investments $ 4,163 $ -
---------- ---------
Current and Accrued Assets
131 Cash $ - $ -
134 Special deposits -
135 Working funds -
136 Temporary cash investments (Schedule IV) -
141 Notes receivable -
143 Accounts receivable 60,641
144 Accumulated provision for uncollectible accounts -
146 Accounts receivable from associate companies 93,144
(Schedule V)
152 Fuel stock expenses undistributed (Schedule VI) -
154 Materials and supplies 9
163 Stores expense undistributed (Schedule VII) -
165 Prepayments 19,059
174 Miscellaneous current and accrued assets -
(Schedule VIII)
---------- ---------
Total Current and Accrued Assets $172,853 $ -
---------- ---------
Deferred Debits
181 Unamortized debt expense $ - $ -
184 Clearing Accounts 1,375
186 Miscellaneous deferred debits (Schedule IX) 7,884
188 Research, development, or demonstration -
expenditures (Schedule X) -
190 Accumulated deferred income taxes 45,866
---------- ---------
Total Deferred Debits $ 55,125 $ -
---------- ---------
TOTAL ASSETS AND OTHER DEBITS $364,152 $ -
---------- ---------
(a) See schedule XIV, Notes to Financial statements.
4
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
Schedule I - Comparative Balance Sheet
(in thousands)
Account Liabilities and Proprietary Capital As of December 31,
Current Prior
Proprietary Capital
201 Common stock issued (Schedule XI) $ - $ -
211 Miscellaneous paid-in-capital (Schedule XI) (3,321)
215 Appropriated retained earnings (Schedule XI) -
216 Unappropriated retained earnings (Schedule XI) 53
---------- ---------
Total Proprietary Capital $ (3,268) $ -
---------- ---------
Long-Term Debt
223 Advances from associate companies (Schedule XII) $ - $ -
224 Other long-term debt (Schedule XII) -
225 Unamortized premium on long-term debt -
226 Unamortized discount on long-term debt - debit -
---------- ---------
Total Long-Term Debt $ - $ -
---------- ---------
Current and Accrued Liabilities
231 Notes payable $ - $ -
232 Accounts payable 90,493
233 Notes payable to associate companies (Schedule XIII) 33,000
234 Account payable to associate companies 32,995
(Schedule XIII)
236 Taxes accrued 28,971
237 Interest accrued -
238 Dividend declared -
241 Tax collections payable (1,274)
242 Miscellaneous current and accrued liabilities 6,452
(Schedule XIII)
---------- ---------
Total Current and Accrued Liabilities $190,637 $ -
---------- ---------
Deferred Credits
253 Other deferred credits $176,500 $ -
254 Accumulated deferred investment tax credits -
---------- ---------
Total Deferred Credits $176,500 $ -
---------- ---------
282 Accumulated Deferred Income Taxes $ 283 $ -
---------- ---------
TOTAL LIABILITIES AND PROPRIETARY
CAPITAL $364,152 $ -
========== =========
5
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule II - Service Company Property
(in thousands)
Balance at Retirements Balance
Beginning or Other1 at Close
Description of Year Additions Sales Changes of Year
Service Company Property
Account
301 Organization $ - $ - $ - $ - $ -
303 Miscellaneous Intangible Plant - - - - -
304 Land and Land Rights - - - - -
305 Structures and Improvements - - - - -
306 Leasehold Improvements - 6,844 - 6,029 12,873
307 Equipment2 - 13,861 (123) 87,182 100,920
308 Office Furniture and
Equipment - 647 - 3,834 4,481
309 Automobiles, Other Vehicles and
Related Garage Equipment - - - - -
310 Aircraft and Airport Equipment - - - 9,570 9,570
311 Other Service Company
Property3 - 1,583 - 1,534 3,117
---------- --------- --------- --------- ---------
SUB-TOTAL $ - $ 22,935 $ (123) $ 108,149 $ 130,961
107 Construction Work in Progress4 - 20,145 (2,603) 34,743 52,285
---------- --------- --------- --------- ---------
TOTAL $ - $ 43,080 $ (2,726) $ 142,892 $ 183,246
========== ========= ========= ========= =========
1 Provide an explanation of those changes considered material:
Other changes reflect the transfer of property to Exelon Business Services
Company that occurred during the restructuring of the Exelon Companies in
January, 2001. See schedule XIV, Notes to Financial Statements.
2 Subaccounts are required for each class of equipment owned. The service
company shall provide a listing by subaccount of equipment additions during
the year and the balance at the close of the year.
Balance at
Subaccount Description Additions Close of Year
Computer Software (a) $ 9,028 82,538
Computer Equipment 6,064 16,160
Office Machines - 542
Communications Equipment (a) (1,231) 1,680
-------- ---------
TOTAL $ 13,861 $ 100,920
======== =========
(a) Transfers between subaccounts
3 Describe other service company property:
Mechanical, electrical, carpentry, graphic arts and fire shop equipment.
4 Describe construction work in progress:
Computer software, computer equipment, leasehold improvements, audio visual
equipment, communications equipment and furniture.
6
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule III - Accumulated Provision for Depreciation and Amortization of Service Company Property
(in thousands)
Addit.
Charged Other
Balance at to Changes Balance
Beginning Account Retire- Add at Close
Description of Year 403 ments (Deduct)* of Year
Account
301 Organization $ - $ - $ - $ - $ -
303 Miscellaneous Intangible Plant - - - - -
304 Land and Land Rights - - - - -
305 Structures and Improvements - - - - -
306 Leasehold Improvements - 1,430 - 1,771 3,201
307 Equipment - 14,393 (131) 30,829 45,091
308 Office Furniture and Fixtures - 406 - 1,635 2,041
309 Automobiles, Other Vehicles and
Related Garage Equipment - - - - -
310 Aircraft and Airport Equipment - 508 - - 508
311 Other Service Company
Property - 218 - 176 394
--------- --------- ------- ------- ---------
TOTAL $ - $ 16,955 $ (131) $34,411 $ 51,235
========= ========= ======= ======= =========
*Provide an explanation of those changes considered material:
Other changes reflect the transfer of property to Exelon Business Services
Company that occurred during the restructuring of the Exelon Companies in
January, 2001.
7
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule IV - Investments
(in thousands)
Instructions:
Complete the following schedule concerning investments.
Under Account 124 "Other Investments," state each investment separately, with
description, including, the name of issuing company, number of shares or
principal amount, etc.
Under Account 136, "Temporary Cash Investments," list each investment
separately.
Balance at Balance at
Description Beginning of Year Close of Year
Account 123 - Investment in Associate Companies $ - $ -
Account 124 - Other Investments
Supplemental Employee Retirement Plan Trust - 4,163
Account 136 - Temporary Cash Investments - -
None.
--------- --------
TOTAL $ - $ 4,163
--------- --------
8
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule V - Accounts Receivable from Associate Companies
(in thousands)
Instructions:
Complete the following schedule listing accounts receivable from each associate
company. Where the service company has provided accommodation or convenience
payments for associate companies, a separate listing of total payments for each
associate company by subaccount should be provided.
Balance at Balance at
Description Beginning of Year Close of Year
Account 146 - Accounts Receivable from Associate Companies
AmerGen Energy Company, LLC $ - $ 823
Exelon Corporation - 4,077
Exelon Energy, Inc. - 2,718
Exelon Enterprises Company, LLC - 3,048
Exelon Infrastructure Services, Inc. - 1,141
Exelon Services, Inc. - 36
Exelon Communications Company, LLC - 28
Exelon Holdings, Inc. - 15
PEC Financial Services, LLC - 45
PECO Energy Company - 80,762
PECO Energy Transition Trust - 264
Susquehanna Electric Company - 173
Unicom Thermal Holding - 14
---------- ---------------
TOTAL $ - $ 93,144
========== ===============
9
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule V - Accounts Receivable from Associate Companies - continued
(in thousands)
Analysis of Convenience or Accommodation Payments during 2001:
Affiliate Convenience Payment Made for
AmerGen Energy Company, LLC Corporate credit card $ 7
---------
Exelon Energy, Inc. Accounts payable system $ 792
Corporate credit card 394
Informational technology purchases 52
---------
$ 1,238
---------
Exelon Enterprises Company, LLC Post retirement trust $ 1,783
Corporate credit cards 1,462
Informational technology purchases 134
---------
$ 3,379
---------
Exelon Infrastructure Services, Inc. Accounts payable system $ 707
Corporate credit cards 2,106
Informational technology purchases 63
---------
$ 2,876
---------
Exelon Communications Company, LLC Accounts payable system $ 21
Corporate credit cards 214
Informational technology purchases 4
---------
$ 239
---------
Exelon Holdings Corp, Inc. Corporate credit cards $ 15
---------
Exelon Generation Company LLC Receivable for NEIL reimbursement $(59,950)
Accounts payable system 30,485
Post retirement trust 37,955
Corporate credit cards 20,709
Informational technology purchases 2,523
---------
$ 31,722
---------
PEC Financial Services, LLC Funding of accounts payable system $ 45
---------
PECO Energy Company Post retirement trust $ 51,512
Corporate credit cards 21,832
Informational technology purchases 5,988
---------
$ 79,332
---------
Susquehanna Electric Company Corporate credit cards $ 394
Informational technology purchases 4
---------
$ 398
---------
Susquehanna Power Company Corporate credit cards $ 138
Informational technology purchases 2
---------
$ 140
---------
Total Payments $ 119,391
=========
10
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule VI - Fuel Stock Expenses Undistributed
(in thousands)
Instructions:
Report the amount of labor and expenses incurred with respect to fuel stock
expenses during the year and indicate amount attributable to each associate
company. Under the section headed "Summary" listed below give an overall report
of the fuel functions performed by the service company.
Description Labor Expenses Total
Account 152 - Fuel Stock Expenses Undistributed
None.
TOTAL $ - $ - $ -
Summary:
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule VII - Stores Expense Undistributed
(in thousands)
Instructions:
Report the amount of labor and expenses incurred with respect to stores expense
during the year and indicate amount attributed to each associate company.
Description Labor Expenses Total
Account 163 - Stores Expense Undistributed
None.
TOTAL $ - $ - $ -
11
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule VIII - Miscellaneous Current and Accrued Assets
(in thousands)
Instructions:
Provide detail of items in this account. Items less than $10,000 may be grouped,
showing the number of items in each group.
Balance at Balance at
Description Beginning of Year Close of Year
Account 174 - Miscellaneous Current and
Accrued Assets
None.
TOTAL $ - $ -
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule IX - Miscellaneous Deferred Debits
(in thousands)
Instructions:
Provide detail of items in this account. Items less than $10,000 may be grouped
by class by showing the number of items in each class.
Balance at Balance at
Description Beginning of Year Close of Year
Account 186 - Miscellaneous Deferred Debits
Accounting Subsystem Transactions Pending Distribution $ - $ 2,998
Deferred Unearned Compensation - 3,337
Restructuring Balance Assigned at Merger - 1,549
-------- --------
TOTAL $ - $ 7,884
======== ========
12
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule X - Research, Development or Demonstration Expenditures
(in thousands)
Instructions:
Provide a description of each material research, development, or demonstration
project which incurred costs by the service corporation during the year.
Description Amount
Account 188 - Research, Development, or Demonstration Expenditures
None.
TOTAL $ -
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule XI - Proprietary Capital
(in dollars)
Account Class of Number of Shares Par or Stated Outstanding Close of Period
Number Stock Authorized Value per Share No. of Shares Total Amount
201 Common 1,000 $0.01 100 $1.00
Instructions:
Classify amounts in each account with brief explanation, disclosing the general
nature of transactions which give rise to the reported amounts.
(in thousands)
Description Amount
Account 211 - Miscellaneous Paid-In-Capital
Net balance transferred during restructuring $(3,321)
Account 215 - Appropriated Retained Earnings -
--------
-
TOTAL $(3,321)
========
13
Instructions:
Give particulars concerning net income or (loss) during the year, distinguishing
between compensation for the use of capital owed or net loss remaining from
servicing non associates per the General Instructions of the Uniform System of
Accounts. For dividends paid during the year in cash or otherwise, provide rate
percentage, amount of dividend, date declared and date paid.
(in thousands)
Balance at Net Income Dividends Balance at
Description Beginning of Year or (Loss) Paid Close of Year
Account 216 -
Unappropriated Retained Earnings
Net Income -- 250 -- 250
Other Comprehensive Income -- (197) -- (197)
--------- ----- -------- -----
TOTAL $ -- $ 53 $ -- $ 53
========= ===== ======== =====
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule XII - Long Term Debt
(in thousands)
Instructions:
Advances from associate companies should be reported separately for advances on
notes, and advances on open account. Names of associate companies from which
advances were received shall be shown under the class and series of obligation
column. For Account 224 - Other long-term debt provide the name of creditor
company or organization, terms of the obligation, date of maturity, interest
rate, and the amount authorized and outstanding.
Terms of
Obligation
Class Beginning Balance
Name of & Series Date of Interest Amount at Close
Creditor of Obligation Maturity Rate Authorized Additions Deductions* of Year
Acct 223 -
Advances from
Associate
Companies:
None.
Acct 224 -
Other Long
Term Debt:
None.
TOTAL $ - $ - $ - $ -
*Give an explanation of Deductions:
14
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule XIII - Current and Accrued Liabilities
(in thousands)
Instructions:
Provide balance of notes and accounts payable to each associate company. Give
description and amount of miscellaneous current and accrued liabilities. Items
less than $10,000 may be grouped, showing the number of items in each group.
Balance at Balance at
Description Beginning of Year Close of Year
Account 233 - Notes Payable to Associate Companies
Short - Term Notes Payable to Exelon Corporation
For Working Capital $ -- $ 33,000
--------- --------
TOTAL $ -- $ 33,000
========= ========
Account 234 - Accounts Payable to Associate Companies
Commonwealth Edison Company $ -- $ 5,560
Exelon Generation Company, LLC -- 27,196
Susquehanna Power Company -- 233
Unicom Resources -- 6
--------- --------
TOTAL $ -- $ 32,995
========= ========
Account 242 - Miscellaneous Current and Accrued Liabilities
Accrued Vacation Pay/Paid Time Off $ -- $ 6,472
Other -- (20)
--------- --------
TOTAL $ -- $ 6,452
========= ========
15
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule XIV - Notes to Financial Statements
Instructions:
The space below is provided for important notes regarding the financial
statements or any account thereof. Furnish particulars as to any significant
contingent assets or liabilities existing at the end of the year. Notes relating
to financial statements shown elsewhere in this report may be indicated here by
reference.
On October 20, 2000, Exelon Corporation (Exelon), became the parent company for
each of PECO Energy Company (PECO Energy) and Commonwealth Edison Company as a
result of the completion of the transactions contemplated by an Agreement and
Plan of Exchange and Merger, as amended, among PECO, Unicom Corporation and
Exelon. Exelon is a Pennsylvania corporation and registered holding company
under the Public Utility Holding Company Act of 1935.
In January, 2001, Exelon restructured its regulated and unregulated companies.
Assets and liabilities were transferred from PECO Energy and Commonwealth Edison
Company to generation (Exelon Generation Company, LLC), and unregulated
companies (primarily, Exelon Enterprises Company, LLC) and the Exelon Business
Services Company, as appropriate.
Exelon Business Services Company is a wholly-owned subsidiary of Exelon and is
the service company for the Exelon system providing associate companies with a
variety of administrative, management and support services. These services are
provided at cost that results in Exelon Business Services Company operating on a
break-even basis.
Exelon Business Services Company follows the Uniform System of Accounts
prescribed by the Securities and Exchange Commission. The financial statements
are prepared in conformity with generally accepted accounting principles, which
requires the use of estimates. The actual results may differ from those
estimates.
16
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule XV - Statement of Income
(in thousands)
Account Description Current Year Prior Year
Income
457 Services rendered to associate companies $ 426,044 $ -
458 Services rendered to non associate companies 260
421 Miscellaneous income or loss 401
--------- ---------
Total Income $ 426,705 $ -
--------- ---------
Expense
920 Salaries and wages $ 91,234 $ -
921 Office supplies and expenses 39,062
922 Administrative expense transferred - credit -
923 Outside services employed 185,717
924 Property insurance 15,560
925 Injuries and damages 450
926 Employee pensions and benefits 28,605
927 Regulatory commission expense 2
930.1 General advertising expense 9,686
930.2 Miscellaneous general expense 7,000
931 Rents 9,442
932 Maintenance of structures and equipment 2,870
403 Depreciation and amortization expense 16,089
408 Taxes other than income taxes 6,773
409 Income taxes 10,278
410 Provision for deferred income taxes (6,157)
411 Provision for deferred income taxes - credit 227
411.5 Investment tax credit -
426.1 Donations 3,080
426.5 Other deductions 2,599
427 Interest on long-term debt -
430 Interest on debt to associate companies 5,865
431 Other interest expense (1,927)
--------- ---------
Total Expense $ 426,455 $ -
--------- ---------
Net Income or (Loss) $ 250 $ -
========= =========
17
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Analysis of Billing Associate Companies - Account 457
(in thousands)
Direct Indirect Compensation Total
Name of Costs Costs For Use Amount
Associate Company Charged Charged of Capital Billed
457-1 457-2 457-3
AmerGen Energy Company $ 2,874 $ - $ - $ 2,874
ATNP Finance Company 7 - - 7
Commonwealth Edison Company 70,872 63,519 1,856 136,247
Exelon Communications Company, LLC 205 - - 205
Exelon Corporation 5,951 463 102 6,516
Exelon Energy 1,222 2 - 1,224
Exelon Enterprises Company, LLC 1,941 9,491 194 11,626
Exelon Generation Company, LLC 80,933 100,368 2,590 183,891
Exelon Infrastructure Services, Inc. 712 - - 712
Exelon Holdings, Inc. 1 - - 1
Exelon Services Inc. 265 - - 265
PECO Energy Company 38,020 42,798 1,123 81,941
Susquehanna Electric Company 452 - - 452
Susquehanna Power Company 12 - - 12
Unicom Active Energy Management 9 - - 9
Unicom Healthcare Management, Inc. 10 - - 10
Unicom Power Holdings, Inc. 2 - - 2
Unicom Thermal Holding, Inc. 50 - - 50
--------- --------- --------- ---------
TOTAL $ 203,538 $ 216,641 $ 5,865 $ 426,044
========= ========= ========= =========
18
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Analysis of Billing Non Associate Companies - Account 458
(in thousands)
Instruction:
Provide a brief description of the services rendered to each non associate
company:
Name Direct Indirect Compens. Excess Total
Non Associate Cost Cost For Use Total or Amount
Company Charged Charged of Capital Cost Deficiency Billed
458-1 458-2 458-3 458-4
Electrical Repair & Maintenance
American Electric
Testing $ 5 $ -- $ -- $ 5 $ (1) $ 4
Amtrak 7 -- -- 7 2 9
Burlington Electric
Testing 7 -- -- 7 1 8
Carte International 10 -- -- 10 -- 10
City of Vineland 7 -- -- 7 1 8
Coastal Oil 7 -- -- 7 2 9
Coastal Refinery 16 -- -- 16 5 21
Connectiv 9 -- -- 9 3 12
NE Power Company 5 -- -- 5 -- 5
Penn Realty 1 -- -- 1 -- 1
Reliance Electric 1 -- -- 1 -- 1
Reliant Energy 5 -- -- 5 2 7
Reuter and Hanney 8 -- -- 8 (2) 6
Fire Alarm Services
Grays Ferry Cogen 3 -- -- 3 1 4
McCall Field 1 -- -- 1 1 2
PJM Connections 30 -- -- 30 15 45
Trigen 10 -- -- 10 2 12
Mechanical Repair & Maintenance
Coastal Refinery 6 -- -- 6 5 11
Gas Repair & Maintenance
McCall Field 3 -- -- 3 -- 3
Administrative Services
VEBA Post Retirement
Trust 82 -- -- 82 -- 82
---- --------- --------- ---- ---- ----
TOTAL $223 $ -- $ -- $223 $ 37 $260
==== ========= ========= ==== ==== ====
19
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule XVI - Analysis of Charges for Service Associate and Non Associate Companies
(in thousands)
Instruction:
Total cost of service will equal for associate and non associate companies the
total amount billed under their separate analysis of billing schedules.
Associate Company Non Associate Company
Charges Charges
Description Direct Indirect Direct Indirect
Account of Items Cost Cost Total Cost Cost Total
920 Salaries & Wages $ 49,531 $ 41,649 $ 91,180 $ 54 $ - $ 54
921 Office Supplies
and Expenses 21,206 17,833 39,039 23 - 23
922 Administrative
Expense
Transferred-Credit - - - - - -
923 Outside Services
Employed 100,828 84,779 185,607 110 - 110
924 Property Insurance - 15,560 15,560 - - -
925 Injuries and Damages 244 206 450 - - -
926 Employee Pensions
and Benefits 15,530 13,058 28,588 17 - 17
928 Regulatory Commission
Expense 1 1 2 - - -
930.1 General Advertising
Expense - 9,686 9,686 - - -
930.2 Miscellaneous General
Expense 3,800 3,196 6,996 4 - 4
931 Rents 5,126 4,310 9,436 6 - 6
932 Maintenance of
Structures and
Equipment 1,558 1,310 2,868 2 - 2
403 Depreciation and
Amortization Expense - 16,089 16,089 - - -
408 Taxes Other Than
Income Taxes 3,677 3,092 6,769 4 - 4
409 Income Taxes - 10,278 10,278 - - -
410 Provision for Deferred
Income Taxes - (6,157) (6,157) - - -
411 Provision for Deferred
Income Taxes - Credit - 227 227 - - -
411.5 Investment Tax Credit - - - - - -
426.1 Donations 1,672 1,406 3,078 2 - 2
426.5 Other Deductions 1,411 1,186 2,597 2 - 2
427 Interest on Long-Term
Debt - - - - - -
431 Other Interest Expense (1,046) (880) (1,926) (1) - (1)
-------- -------- -------- -------- ------- -------
TOTAL EXPENSE $203,538 $216,829 $420,367 $ 223 $ - $ 223
20
Associate Company Non Associate Company
Charges Charges
Description Direct Indirect Direct Indirect
Account of Items Cost Cost Total Cost Cost Total
Compensation for Use of Equity Capital
430 Interest on Debt to Associate Companies
- 5,865 5,865 - - -
-------- -------- -------- -------- ------- -------
TOTAL COST OF
SERVICE $203,538 $222,694 $426,232 $ 223 $ - $ 223
======== ======== ======== ======== ======= =======
21
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule XVI - Analysis of Charges for Service Associate and
Non Associate Companies - continued
(in thousands)
Instruction:
Total cost of service will equal for associate and non associate companies the
total amount billed under their separate analysis of billing schedules.
Total Charges for Services
Description Direct Indirect
Account of Items Cost Cost Total
920 Salaries & Wages $ 49,585 $ 41,649 $ 91,234
921 Office Supplies
and Expenses 21,229 17,833 39,062
922 Administrative
Expense
Transferred-Credit - - -
923 Outside Services
Employed 100,938 84,779 185,717
924 Property Insurance - 15,560 15,560
925 Injuries and Damages 244 206 450
926 Employee Pensions
and Benefits 15,547 13,058 28,605
928 Regulatory Commission
Expense 1 1 2
930.1 General Advertising
Expense - 9,686 9,686
930.2 Miscellaneous General
Expense 3,804 3,196 7,000
931 Rents 5,132 4,310 9,442
932 Maintenance of
Structures and
Equipment 1,560 1,310 2,870
403 Depreciation and
Amortization Expense - 16,089 16,089
408 Taxes Other Than
Income Taxes 3,681 3,092 6,773
409 Income Taxes - 10,278 10,278
410 Provision for Deferred
Income Taxes - (6,157) (6,157)
411 Provision for Deferred
Income Taxes - Credit - 227 227
411.5 Investment Tax Credit - - -
426.1 Donations 1,674 1,406 3,080
426.5 Other Deductions 1,413 1,186 2,599
427 Interest on Long-Term
Debt - - -
431 Other Interest Expense (1,047) (880) (1,927)
-------- -------- --------
TOTAL EXPENSE $203,761 $216,829 $420,590
22
Total Charges for Services
Description Direct Indirect
Account of Items Cost Cost Total
Compensation for Use of Equity Capital
430 Interest on Debt to Associate Companies
- 5,865 5,865
-------- -------- --------
TOTAL COST OF
SERVICE $203,761 $222,694 $426,455
======== ======== ========
23
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule XVII - Schedule of Expense Distribution by Department or Service Function
(in thousands)
DEPARTMENT OR SERVICE FUNCTION
Description Total Human Finance &
Account of Items Amount Overhead Executive Planning Resources Accounting
920 Salaries and Wages $ 91,234 $ 5,522 $ 3,907 $ 9,222 $ 12,177
921 Office Supplies and
Expenses 39,062 5,660 3,453 6,749 29,840
922 Administrative
Expense Transferred
-Credit - - - - -
923 Outside Services
Employed 185,717 5,964 26,817 10,208 18,331
924 Property Insurance 15,560 - - 71 15,489
925 Injuries and Damages 450 - - 175 (51)
926 Employee Pensions
and Benefits 28,605 30 1,854 4,506 3,371
928 Regulatory
Commission
Expense 2 - - - -
930.1 General Advertising
Expense 9,686 121 33 28 -
930.2 Miscellaneous
General
Expense 7,000 550 155 650 5,974
931 Rents 9,442 72 55 - 151
932 Maintenance of
Structures and
Equipment 2,870 7 118 28 6
403 Depreciation and
Amortization
Expense 16,089 15 - - 2,954
408 Taxes Other Than
Income Taxes 6,773 31 - 939 100
409 Income Taxes 10,278 - - - 10
410 Provision for Deferred
Income Taxes (6,157) - - - -
411 Provision for Deferred
Income Taxes - Cr 227 - - - -
411.5 Investment Tax Credit - - - - -
426.1 Donations 3,080 - - 125 29
426.5 Other Deductions 2,599 - - 5 1,314
427 Interest on Long-Term
Debt - - - - -
430 Interest on Debt to
Associate Companies 5,865 - - - 732
431 Other Interest Expense (1,927) 80 - - 17
--------- --------- --------- -------- -------- --------
TOTAL EXPENSES $ 426,455 $ - $ 18,052 $ 36,392 $ 32,706 $ 90,444
========= ========= ========= ======== ======== ========
24
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule XVII - Schedule of Expense Distribution
by Department or Service Function - continued
(in thousands)
DEPARTMENT OR SERVICE FUNCTION
Description Internal Environ- Govern. Public
Account of Items Audit mental Affairs Affairs Legal
920 Salaries and Wages $ 786 $ 517 $ 729 $ 1,330 $ 8,103
921 Office Supplies and
Expenses 331 339 513 2,357 2,656
922 Administrative
Expense Transferred
-Credit -- -- -- -- --
923 Outside Services
Employed 3,327 403 123 433 8,510
924 Property Insurance -- -- -- -- --
925 Injuries and Damages -- -- -- -- 860
926 Employee Pensions
and Benefits -- -- -- -- 2,034
928 Regulatory
Commission
Expense -- -- -- -- 2
930.1 General Advertising
Expense -- -- -- 9,351 50
930.2 Miscellaneous
General
Expense -- 80 283 1,149 2,538
931 Rents 98 93 2 4 --
932 Maintenance of
Structures and
Equipment -- 1 -- 1 70
403 Depreciation and
Amortization
Expense -- -- -- -- --
408 Taxes Other Than
Income Taxes -- -- -- -- --
409 Income Taxes -- -- -- -- --
410 Provision for Deferred
Income Taxes -- -- -- -- --
411 Provision for Deferred
Income Taxes - Cr -- -- -- -- --
411.5 Investment Tax Credit -- -- -- -- --
426.1 Donations -- -- 2 2,850 --
426.5 Other Deductions -- -- 1,157 27 70
427 Interest on Long-Term
Debt -- -- -- -- --
430 Interest on Debt to
Associate Companies -- -- -- -- --
431 Other Interest Expense -- -- -- -- (205)
-------- -------- -------- -------- --------
TOTAL EXPENSES $ 4,542 $ 1,433 $ 2,809 $ 17,502 $ 24,688
======== ======== ======== ======== ========
25
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule XVII - Schedule of Expense Distribution
by Department or Service Function - continued
(in thousands)
DEPARTMENT OR SERVICE FUNCTION
Description Procure- Inform. Operational
Account of Items ment Systems Support
920 Salaries and Wages $ 1,916 $ 26,314 $ 20,711
921 Office Supplies and
Expenses 1,337 27,411 (41,584)
922 Administrative
Expense Transferred
-Credit -- -- --
923 Outside Services
Employed 3,747 97,400 10,454
924 Property Insurance -- -- --
925 Injuries and Damages -- -- (534)
926 Employee Pensions
and Benefits 262 4,748 11,800
928 Regulatory
Commission
Expense -- -- --
930.1 General Advertising
Expense 2 -- 101
930.2 Miscellaneous
General
Expense 2 7 (4,388)
931 Rents -- 760 8,207
932 Maintenance of
Structures and
Equipment 1 46 2,592
403 Depreciation and
Amortization
Expense -- 1,239 11,881
408 Taxes Other Than
Income Taxes -- -- 5,703
409 Income Taxes -- -- 10,268
410 Provision for Deferred
Income Taxes -- -- (6,157)
411 Provision for Deferred
Income Taxes - Cr -- -- 227
411.5 Investment Tax Credit -- -- --
426.1 Donations 8 6 60
426.5 Other Deductions -- -- 26
427 Interest on Long-Term
Debt -- -- --
430 Interest on Debt to
Associate Companies -- -- 5,133
431 Other Interest Expense -- (11) (1,808)
--------- --------- ---------
TOTAL EXPENSES $ 7,275 $ 157,920 $ 32,692
========= ========= =========
26
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Departmental Analysis of Salaries - Account 920
(in thousands)
Departmental Salary Expense
Name of Department Included in Amounts Billed to Number of
Indicate each department Total Parent Other Non Personnel
Or service function Amount Company Associates Associates End of Year
Executive $ 5,522 $ -- $ 5,522 $ 24
Planning 3,907 711 3,196 42
Human Resources 9,222 -- 9,206 16 93
Finance and Accounting 12,177 -- 12,177 153
Internal Audit 786 -- 786 9
Environmental 517 -- 517 5
Governmental Affairs 729 641 88 5
Communications & Public Affairs 1,330 -- 1,330 15
Legal 8,103 -- 8,103 113
Procurement 1,916 -- 1,916 18
Information Systems 26,314 -- 26,314 380
Operational Support 20,711 -- 20,676 35 114
------- ------- ------- ------- -------
TOTAL $91,234 $ 1,352 $89,831 $ 51 971
======= ======= ======= ======= =======
27
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Outside Services Employed - Account 923
(in thousands)
Instructions:
Provide a breakdown by subaccount of outside services employed. If the aggregate
amounts paid to any one payee and included within one subaccount is less than
$25,000, only the aggregate number and amount of all such payments included
within the subaccount need to be shown. Provide a subtotal for each type of
service.
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Informational Technology Services
ISSC 44 South Broadway N $ 41,298
White Plains NY 10601
IBM Corporation 2005 Market St N 33,614
Philadelphia PA 19103-7099
SBC Global Network 225 W Randolph St N 5,351
Chicago IL 60606
Peoplesoft USA 4460 Hacienda Dr N 3,495
Pleasanton CA 94588
Indus International 60 Spear St N 3,289
San Francisco CA 94120
Nextira-One, LLC 470 Lapp Rd N 2,959
Malvern PA 19355-1212
CA Business Partners 125 E Lake St N 2,578
Bloomingdale IL 60108
Black Box Corporation 1000 Park Dr N 2,309
Lawrence PA 15055
Computer Assoc International Inc 2400 Cabot Dr N 1,983
Lisle IL 60532
Compuware Corporation 2 Pierce Plaza N 1,705
Itasca IL 60143
BMC Software Distribution Inc. 2101 City West Blvd N 1,556
Houston TX 77042
Softmart Inc. 450 Acorn Lane N 1,504
Dowingtown PA 19335
Amdahl Corp 9939 W Higgins N 967
Rosemont IL 60018
IBM Global Services 455 Park Place N 911
Lexington KY 40511
ComDisco Inc 6111 N River Rd N 770
Rosemonth IL 60018
Corporate PC Source 1134 Tower Lane N 706
Bensenville IL 60106
Alternative Resources Corp. 1240 S. Broad St N 667
Lansdale PA 19446
Sayers Computer Source Inc 1150 Feehanville N 664
Mount Prospect IL 60056
Judge Group Two Bala Plaza N 603
Bala Cynwyd PA 19004-1510
28
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Informational Technology Services - continued
Storage Technology Corporation 10 S Wacker Dr N 603
Chicago IL 60606
Enterasys Network 35 Industrial Way N 545
Rochester NH 03867
Gartner Group 56 Top Gallant Rd N 474
Stamford CT 06904
Information Builders 3010 Highland Parkway N 471
Downers Grove IL 60515
Forsythe McArthur Associates Inc 7500 Frontage Rd N 436
Skokie IL 60077
Oracle Corporation 500 Oracle Parkway N 412
Redwood Shores CA 94065
SAS Institute, Inc Two Prudential Plaza N 400
Chicago IL 60601
Cybermation Inc 80 Tiverton Ct N 389
Markham ON L3ROG
Hewlett-Packard Company 8000 Foothills Blvd N 377
Roseville CA 95747
NetIQ Corporation 3553 N First St. N 373
San Jose CA 95134
Ajilon LLC 210 W Pensylvannia Ave N 337
Towson MD 21204
Rapp Digital 11 Madison Ave N 328
New York NY 10010
System Management Arts 14 Mamaroneck Ave N 319
White Plains NY 10601
EMC Corporation 171 South St N 311
Hopkinton MA 01748
Serena Software 500 Airport Blvd N 306
Burlinham CA 94010
Fusion Technology 1332 Laurie Lane N 306
Burr Ridge IL 60521
Devon Bank 6445 North Western Ave N 305
Chicago IL 60645
Broadwing IT Consulting 1787 Sentry Parkway West N 301
Blue Bell PA 19422-2240
Interwoven 803 11th Avenue N 283
Sunnyvale CA 94089
Cedar 1500 Market St N 281
Philadelphia PA 19102-4737
Cognos Corporation 67 S Bedford St N 272
Burlington MA 01803
Automated Systems, Inc. 435 Devon Park Dr N 239
Wayne PA 19087-1941
Storage Tek Financial 1401 Pearl St N 234
Services Group Boulder CO 80302
29
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Informational Technology Services - continued
Docutech 2049 Stout Dr N 222
Ivyland PA 18974
Lucent Technologies 209 Pleasant Hill Rd N 221
Flanders NJ 07836
Information Systems Support One IBM Plaza N 218
Chicago IL 60611
Metases, Inc. 20464 Chartwell Center Dr N 214
Cornelius NC 28031
Hi-Tech Solutions Two Mid America Plaza N 214
Oakbrook Terrace IL 60181
Intraware 25 Orinda Way N 211
Orinda CA 94563
Candle Corporation 1515 W 22nd St N 209
Oak Brook IL 60523
Recall Total Infromational Mmgmt N 209
Schaumberg IL 60173
Hyperion Solutions 1344 Crossman Ave N 207
Sunnyvale CA 94089
Cymbrogi Consulting, Inc. 5885 Cumming Highway N 205
Sugar Hill GA 30518
Software Architects Inc 4 Westbrook Corporate Cntr N 201
Westchester IL 60154
EMC Software 1011 Warrenville Rd N 199
Lisle IL 60532
Technology Solutions Co 205 N Michigan Ave N 195
Chicago IL 60601
Imprint Enterprise 1842 Centerpoint Dr N 189
Naperville IL 60563
Software Technologies Group 10330 W Roosevelt Rd N 188
Westchester IL 60154
Fujitsu Technology Solutions 1250 E Arques Ave N 186
Sunnyvale CA 94088
Sybase Inc 6425 Christie Ave N 185
Emeryville CA 94608
Global Integrity Corporation 19 West 44th St N 168
New York NY 10036
Power Plan Consultants Inc 1600 Parkwood Circle N 162
Atlanta GA 30339
Interactive Business Systems Inc 118 S Clinton N 162
Chicago IL 60661
Technology Partners 14550 Torrey Chase N 162
Houston TX 77014
Websense, Inc 10240 Sorrento Valley Rd N 136
San Diego CA 92121
Connectria Corporation 34 Worthington Dr N 135
St Louis MO 63043
30
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Informational Technology Services - continued
H & W Computer Systems 6154 N Meeker Pl N 132
Boise ID 83713
Spherion Corporation 823 Commerce Dr N 129
Oak Brook IL 60521
Innovative Systems Associates 725 Skippack N 127
Blue Bell PA 19422
CDB Software Inc POBox 420789 N 125
Houston TX 77242
Technology Topper, Inc 301 Sylvan Dr N 125
Winter Park FL 32789
Hanson-Wallace Company 1860 W Prairie Ave N 122
Park Ridge IL 60068
Software Consulting Group 1400 North Providence Rd N 120
Media PA 19063
American Computer Educators, Inc 1617 JFK Blvd N 117
Philadelphia PA 19103
Microsoft Corpora 7100 Valley View Lane N 113
Irving TX 75039
Microsoft Consulting Services 3025 Highland Parkway N 111
Downers Grove IL 60515
Reed Elsevier Inc PO Box 2314 N 108
Carol Stream IL 60132
Genuity 120 S LaSalle St N 106
Chicago IL 60603
KC Inc 19 Industrial Dr N 106
Mahwah NJ 07430
Tri-Comp Consulting 4600 Maple CL. N 102
Brookfield IL 60513
Motorola 2905 South Hampton Rd N 101
Philadelphia PA 19154-1270
ACSYS Resources, Inc. 530 E Swedesford Rd N 98
Wayne PA 19087
Ecora Corporation 500 Spaulding Turnpike N 97
Portsmouth NH 03802
Synectics Inc. 401 E Illinois St N 97
Chicago IL 60611
Gans, Gans & Associates 4129 East Fowler Ave N 96
Tampa FL 33617-2011
Synergy Networks, Inc. 8474 Tyco Rd N 92
Vienna VA 22182
Trilogy Software 4600 Maple CL N 92
Brookfield IL 60513
One Source Information Services POBox 371112 N 89
Pittsburgh PA 15251
Brio Technology Two Mid America Plaza N 88
Oak Brook Terrace IL 60181
31
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Informational Technology Services - continued
XRT-Cerg America, Inc 1150 First Avenue N 85
King of Prussia PA 19406
Hyperion Software Corporation 900 Long Ridge Road N 82
Stamford CT 06902-1135
Levi, Ray & Shoup Inc. 2401 W Monroe St N 82
Springfield IL 62704
WD Associates 515 Main St N 82
Delta PA 17314
Neon Systems, Inc 14100 Southwest Freeway N 81
Sugar Land TX 77478
Lexecon One Miflin Place N 80
Cambridge MA 02138-4907
Sun Microsystems, Inc. 620 Freedom Business Ctr N 79
King of Prussia PA 19406
Bindview Development Corp 5151 San Felipe N 74
Houston TX 77056
Bottomline Technologies 155 Fleet St N 68
Portmouth NH 03801
Brooke Associates 20 Zelkoua Dr N 67
Holand PA 18966
Scientel LLC 2650 McCormick Dr N 66
Clearwater FL 33759
Thrupoint 8410 West Bryn Mawr Ave N 64
Chicago IL 60631
IMI Systems, Inc. 290 Broadhollow Rd N 61
Melville NY 11747
Consul Risk Management 30 Great Rd N 61
Acton MA 01720
Software Engineering of America 1230 Hempstead Turnpike N 61
Franklin Square NY 11010
Anacomp, Inc. 7905 Browning Rd N 60
Pennsauken NJ 08109
Peregrine Connectivity, Inc 2425 N Central Expressway N 60
Richardson TX 75080
Delta Solutions 4 Parkway North N 57
Deerfield IL 60015
Systemware 15601 Dallas Parkway N 55
Addison TX 75001
CFC Inc. Route 796 PO Box 86 N 52
Kelton PA 19346
Sommerset Capital Group, Ltd 1087 Broad St N 52
Bridgeport CT 06604
J. R. Wayman and Associates 5516 Durad Dr N 51
Downers Grove IL 60515
Computer Workshop, Inc 1020 31st St N 50
Downers Grove IL 60515
32
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Informational Technology Services - continued
Proquire Plus 133 Peachtree St N 50
Atlanta Georgia 30303
Lexis-Nexis 1650 Market St N 48
Philadelphia PA 19103
Microage Technology Services 757 Springdale Dr N 48
Exton PA 19341-2883
Talisman Technologies 7405 Colshire Dr N 48
McClean VA 22102
Erickson, C. & Sons, Inc. 1530 Chestnut St N 47
Philadelphia PA 19102
Peters & Associates, Inc 909 S Route 83 N 47
Elmhurst IL 60126
Alphanet Solutions 7 Ridgedale Ave N 46
Cedar Knolls NJ 07927
Anixter-Philadelphia 1400 N Providence Rd N 46
Media PA 19063
Wallace Computer Services 230 W Monroe St N 45
Chicago IL 60606
Radcom 6 Forest Ave N 43
Paramus NJ 07652
Telenisus 9 Law Drive N 43
Fairfield NJ 07004
Veritas 1600 Plymouth St N 41
Mt View CA 94043
Aliva Computer Services, Inc 6201 W Touhy Ave N 39
Chicago IL 60646
Siemens Info & Comm Network, Inc 1701 Golf Rd N 37
Rollings Meadows IL 60008
Strategic Link Consulting, Inc. 200 Lindenwood Dr N 35
Malvern PA 19355-1756
Systems West Computer Resources 3115 East Lion Lane N 35
Salt Lake City UT 84121
Citrix 6400 NW 6th Way N 34
Ft Lauderdale FL 33309
Hummingbird 25 Burlington Mall Rd N 33
Burlington MA 01703-4100
Janus Technologies 1000 Cliff Mine Rd N 33
Pittsburgh PA 15275
Mainstar Software Corporation 12011 NE 1st ST N 33
Bellevue WA 98009
Manpower Services 2301 Market St N 33
Philadelphia 19103-1380
Programming Plus 3172 Friedens Lane N 32
Center Valley PA 18034
The Burton Group 7050 Union Park Center N 31
Midvale UT 84047
33
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Informational Technology Services - continued
Global Knowledge 9000 Regency Parkway N 31
Cary NC 27511
Check Free Corporation 25 Crossroads Dr N 30
Owings Mill MD 21117
The Robert Francis Group 22 Crescent Rd N 29
West Port CT 06880
Baltimore Technologies 15500 SE 30th Place N 29
Bellevue WA 98007
DDG Consulting, Inc. 15 E Kincaid Dr N 29
West Windsor NJ 08550
New Era Software Inc. 18625 Sutter Blvd N 28
Morgan Hill CA 95037
RHR International Company 220 Gerry Dr N 27
Wood Dale IL 60191
Caliber Data Training 5901 N Cicero Ave N 26
Chicago IL 60646
Dawn Seifried 126 Woodlyn Ave N 26
Trooper PA 19403
Info Technologies, Inc. 179 Avenue at the Common N 26
Shrewsbury NJ 07702
Linkage Incorporated One Forbes Road N 26
Lexington MA 02421
Volt Information Sciences 560 Lexington Ave N 26
New York NY 10022-6828
Cynthia Davidson-Reid 350 W 57th St N 25
New York NY 10019-3761
Ithan Creek Systems Inc. 29 Brennan Drive N 25
Bryn Mawr PA 19010
Other N 920
---------
$ 125,882
---------
Management Consulting Services
Arthur Andersen LLC 33 W Monroe St N $ 9,159
Chicago IL 60603
Answerthink Consultants PO Box 116525 N 8,031
Atlanta GA 30368
McKinsey & Company PO Box 7247 N 5,603
Philadelphia PA 19170
Cap Gemini Ernst 1285 of the Americas N 2,121
New York NY 10019
Deloitte & Touche LLP 1700 Market St N 2,075
Philadelphia PA 19103-3984
RHR International Company 220 Gerry Dr N 1,016
Wood Dale IL 60191
Fusion Labs 10100 N Central Expressway N 548
Dallas TX 75231
34
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Management Consulting Services - continued
The Concours Group 800 Rock Mead Dr N 432
Kingwood TX 77339
META Group, Inc. 208 Harbor Dr N 429
Stamford CT 06912
Smart & Associates LLP 92 West Lancaster Ave N 397
Devon PA 19333
Accenture 100 S Wacker Dr N 335
Chicago IL 60606
The Derson Group Ltd 332 S Michigan Ave N 316
Chicago IL 60604
Sieben Energy Associates 401 N Wabash Ave N 307
Chicago IL 60611
Gardner & Geldmac Dept 77-2756 N 288
Chicago IL 60678
Resource Systems 177 Broad St N 251
Stamford CT 06901
Deloitte Consulting File East PO Box 29490 N 230
New York NY 10087-9490
Center for Corporate Education One Tower Lane N 206
Oakbrook Terrace IL 60181
Johnson, Fenner & Levy PO Box 835 N 179
Bryn Mawr PA 19010
Management Associated Results Co Inc (MARC) N 141
Terre Haute IN 47807
AON Consulting PO Box 93736 N 116
Chicago IL 60673
Mercer Management Consulting 33 Hayden Ave N 114
Lexington MA 02421
Cheryl Scaman 16010 S River Rd N 108
Plainfield IL 60544
Aspen Woods Consulting PO Box 584 N 97
Springboro OH 45066
TMP Worldwide 1528 Walnut St N 96
Philadelphia PA 19102
Thelen Reid & Priest, LLP 701 Pennsylvannia Ave N 95
Washington DC 20004-2608
Pantellos Group Limited Waterway Plaza One N 94
The Woodlands TX 77380
Scullin Group 2500 One Liberty Place N 93
Philadelphia PA 19103
Spencer Stuart, SSI (U.S.) Inc PO Box 98991 N 91
Chicago IL 60693
Robertson Lowstuter, Inc 104 Wilmot Rd N 90
Deerfield IL 60015
David Grossman & Associates 1144 W Fulton St N 84
Chicago IL 60607
35
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Management Consulting Services - continued
Strategic Innovation PO Box 1145 N 84
Valparaiso IN 46383
Corporate Balance Concepts, Inc 79 W Monroe St N 80
Chicago IL 60603
Jacobs Agency Inc 430 W Erie N 80
Chicago IL 60610
Planemasters, Ltd 32W515 Towers Rd N 78
West Chicago IL 60185
ICF Consulting 9300 Lee Highway N 71
Fairfax VA 22031-1207
Executive Diversity Services 675 S Lane St N 69
Seattle WA 98104
Kass Uehling Inc 333 Seventh Ave N 67
New York NY 10001
Samuel J. Granieri, MD 4109 Johnson Ave N 67
Western Springs IL 60558
Robert Half PO Box 60000 N 61
San Francisco CA 94160
The Cabot Advisory Group 90 Washington Valley Rd N 59
Bedminster NJ 07921
Root Learning, Inc. 810 West South Boundary N 57
Perrysburgh OH 43552
Convergent Media Syatems Corp PO Box 198229 N 51
Atlanta GA 30384
Pritchett & Associates, Inc. 13155 Noel Rd N 49
Dallas TX 75240
Applied Research Corporation 304 Amboy Ave N 47
Metuchen NJ 08840
Initial Security 1601 N Bond St N 46
Naperville IL 60563
Beampines, Inc 600 Third Ave N 43
New York NY 10016
Management Technologies Group PO Box 160 N 43
Morgantown PA 19543
The Northbridge Group 55 Old Bedford Rd N 41
Lincoln MA 01773
AUS Consultants 155 Gaither Dr N 40
Moorestown NJ
The Estes Group Inc 2835 Belvidere Rd N 40
Waukegan IL 60085
Watson Wyatt & Company 33 W Madison St N 40
Chicago IL 60606
Peter Imlay Associates, LLC PO Box 470247 N 38
San Francisco CA 94147
Bloomberg/Blom PO Box 30244 N 36
Hartford CT 06150
36
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Management Consulting Services - continued
ILEX Energy Services LTD. 8706 Commerce Dr N 36
Easton PA 21601
Development Dimensions Int'l 2001 Spring Rd N 35
Oak Brook IL 60521
Real Estate Analysis Corporation 180 N LaSalle St N 35
Chicago IL 60606
Medius & Associates 1292 Williamsburg Ln N 34
Crystal Lake IL 60014
CMC Consulting Group Two Wisconsin Circle N 31
Chevy Chase MD 20815
Jacques Whitford, Inc. 450 South Gravers Rd N 31
Plymouth Meeting PA 19462
RD Brown Company 6 Spyglass Ct N 27
Lake in the Hills IL 60156
Soneta 13760 Noel Rd N 27
Dallas TX 75240
CCH Incorporated PO Box 4307 N 26
Carol Stream IL 60197
Cheryl Jefferson 531 S Plymouth Ct N 26
Chicago IL 60605
Chwmeg, Inc. 470 William Pitt Way N 26
Pittsburgh PA 15238-1330
The Lincoln Fund, Inc 6344 Cavalier Corridor N 25
Falls Church VA 22044
Other N 716
---------
$ 35,504
---------
Legal Services
Sidley & Austin One Bank Plaza N $ 1,313
Chicago IL 60603
Ballard Spahr Andrews & Ingersoll 1735 Market St N 878
Philadelphia PA 19103-7599
Scott, Madden & Associates 2626 Glenwood Ave N 502
Raleigh NC 27608
Sonneschein Nath & Rosenthal 8000 Sears Tower N 355
Chicago IL 60606
Jones, Day, Reavis & Pogue PO Box 70294 N 329
Washington DC 20044
Montgomery McCracken Walker 457 Haddonfield Rd N 305
Cherry Hill NJ 08002-5074
Foley & Lardner Three First National Plaza N 295
Chicago IL 60602
David Gomez & Associates 37558 Eagle Way N 218
Chicago IL 60615
Morgan, Lewis & Bockius PO Box 8500 N 211
Philadelphia PA 19178
37
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Legal Services - continued
Paul & Paul 2000 Market St N 211
Philadelphia PA 19103
Goldberg, Kohn, Bell, Black 55 E Monroe St N 179
Rosenbloom & Moritz, Ltd Chicago IL 60603
PA Consulting Services Inc PO Box 406301 N 178
Atlanta GA 30384
Jenner & Block One IBM Plaza N 169
Chicago IL 60611
Larkin, Hoffman, Daly & Lindgren 1500 Wells Fargo Plaza N 164
Bloomington MN 55431
McDermott Will & Emery 227 W Monroe St N 154
Chicago IL 60606-5096
Schiff, Hardin & Waite 6600 Sears Tower N 147
Chicago IL 60606
Hopkins & Sutter Three First National Plaza N 139
Chicago IL 60602
Winston & Strawn 35 W Wacker Dr N 137
Chicago IL 60601
Thelen Reid & Priest, LLP 701 Pennsylvannia Ave N 132
Washington DC 20004-2608
Keefer Wood Allen & Rahal PO Box 11963 N 122
Harrisburgh PA 17108
Drake, Beam, Morin, Inc PO Box 100739 N 112
Atlanta GA 30384
PA Consulting Group 455 Science Dr N 107
Madison WI 53711-1058
Mayer, Brown & Platt 190 S LaSalle St N 91
Chicago IL 60603-3441
Slaughter and May 35 Basinghall St N 87
London England EC2V 5DB
Lynn P. Cohn Northwestern University N 69
Chicago IL 60611
Richard M Hanson & Associates 950 DuPage Ave N 63
Lombard IL 60148
Matkov, Salzman, Madoff & Gunn 55 E Monroe St N 61
Chicago IL 60603
Freeborn & Peters 311 S Wacker Dr N 58
Chicago IL 60606
Mathis, Marifan, Richter & Grandy 720 W Main St N 52
Belleville IL 62220
William J. Donohue 1105 Blythe Ave N 50
Drexel Hill PA 19026
Osler Hoskin & Harcourt 1 First Canadian Place N 41
Toronto ON M5X 1B8
Blank, Rome, Comiskey One Logan Square N 40
& McCauley Philadelphia PA 19103
38
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Legal Services - continued
Affiliates PO Box 6248 N 39
Carol Stream IL 60197
GGB Consulting Group, LLC 1566 Spring Meadow Lane N 36
Boothwyn PA 19061
West Group PO Box 6187 N 34
Carol Stream IL 60197
Special Counsel 1800 K Street N 31
Washington DC 20006
Litigation Risk Management Inst. 145 Forest Ave N 30
Palo Alto CA 94301
Center City Legal Reproduction 123 S Broad St N 28
Phialdelphia PA 19109
Vrinks, Hofer, Gils & Lione 455 N Cityfront Plaza Dr N 26
Chicago IL 60611
Other N 466
---------
$ 7,659
---------
Human Resource & Contracting Services
Resource Connection File # 55221 N 1,221
Los Angeles CA 90074-5221
Gelfond Group 535 Route 38 N 795
Cherry Hill NJ 08002
Johnson, Fenner & Levy PO Box 835 N 584
Bryn Mawr PA 19010-0835
Russell Reynolds Associates, Inc Church Street Station N 323
New York NY 10249
Kforce.com PO Box 277997 N 304
Atlanta GA 30384
Kelly Services 1212 Solutions Center N 262
Chicago IL 60677
Training One-Consultants PO Box 9893 N 251
Rancho Sante Fe CA 92067
The American College 270 Byn Mawr Ave N 203
Bryn Mawr PA 19018
Onsite Energy Services 7301 Parkway Dr N 130
Hanover MD 21076
R.D. RAAB & Company Brandy Wine One N 116
Chadds Ford PA 19317
Video Learning Systems, Inc 220 Technology Dr N 95
Irvine CA 92618
Penn State University 310 Business Admin Bldg N 75
University Park PA 16802
American Management Assoc. 1601 Broadway N 72
New York NY 10019
39
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Human Resources and Contracting Services - continued
Manpower, Inc PO Box 7247-0208 N 65
Philadelphia PA 19170
Diversified Search, Inc. 2005 Market St N 63
Philadelphia PA 19103
Career Concepts Inc. 140 West Germantown Pike N 59
Plymouth Meeting PA 19462
Situation Management Systems 195 Hanover St N 45
Hanover MA 02339-2294
Cael 55 E Monroe St. N 37
Chicago IL 60603
Gregory Michaels & Associates 804 N Dearborn St N 35
Chicago IL 60610
CDS Services Corp. 303 Merrick Rd N 33
Lynbrook NJ 11563
The Felicity Group Limited 40 East Ninth St N 33
Chicago IL 60605
Account Pros PO Box 4279 N 32
Boston MA 02212
Blanchard Training & Development 636 Huber Lane N 32
Glenview IL 60025
RHR International Company 220 Gerry Dr N 32
Wood Dale IL 60191
Minority Executive Search, Inc PO Box 18063 N 28
Cleveland OH 44118
General Physics Corp 2621 Van Buren Ave N 26
Audubon PA 19401
Lucas Group PO Box 406672 N 26
Atlanta GA 30384
Lee Hecht Harrison, Inc 1450 E American Lane N 25
Schaumberg IL 60173
Susan Molinari, LLC 4004 Sharp Place N 25
Alexandria VA 22304
Other N 445
---------
$ 5,472
---------
Financial Services
Towers Perrin Forester & Crosby 1500 Market St N $ 3,136
Philadelphia PA 19102
KPMG, LLP 100 Matson Ford Rd N 510
Randor PA 19087-4568
Equiserve 4229 Collection Center Dr N 390
Chicago IL 60693
Credit Suisse 11 Madison Ave N 242
New York NY 10010-3698
ALCAR Group, Inc. 5215 Old Orchard Rd N 201
Skokie IL 60077
40
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Financial Services - continued
London Economics 350 Massachusetts Ave N 123
Cambridge MA 02139-4182
Thomson Financial/Carson 7271 Collection Center Dr N 88
Chicago IL 60693
Analysis Group Economics One Battle Square N 72
Cambridge MA 02138
Lina C/O First Union N 38
Philadelphia PA 19192
ADP Financial Information Services PO Box 23487 N 34
Newark NJ 07189
MJ Bradley & Associates 47 Junction Square Dr N 32
Concord MA 01742
Weiland Financial 900 North Shore Dr N 27
Lake Bluff IL 60044
Standard & Poors PO Box 80-2542 N 25
Chicago IL 60680
Other N 27
---------
$ 4,945
---------
Auditing
PricewaterhouseCoopers LLP 2400 Eleven Penn Center N $ 2,915
Philadelphia PA 19103-2962
Washington, Pittman & 819 S Wabash Ave N 57
McKeever LLC Chicago IL 60605
---------
$ 2,972
Medical & Health Services
Horizon Behavioral Services 123 Great Rd N 227
Stow MA 01775
The Amherst Group Limited 7 Riversville Rd N 189
Greenwich CT 06831
Drugscan, Inc. 1119 Mearns Rd N 173
Warminster PA 18974-0097
University of Pennsylvania 3733 Spruce St N 106
Philadelphia PA 19104
Concentra Medical Centers 716 Loucks Rd N 91
York PA 17484
DMH Corporate Health Services 2122 North 27th St N 68
Decatur IL 62526
Dr. John Koehler, MD 750 Orth Rd N 56
Caledonia IL 61011-9471
Knorr Associates 10 Park Place N 49
PO Box 400
Bensinger, DuPont & Associates 20 N Wacker Dr N 47
Chicago IL 60606
41
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Outside Services Employed - Account 923 - continued
(in thousands)
Relationship
"A" Associate
From Whom Purchased Address "N" Non Associate Amount
Medical & Health Services - continued
Physician's Immediate Care 11475 North 2nd St N 45
Machesney Park IL 61014
Wackenhut Corporation 4200 Wackenhut Dr N 42
Palm Beach Gardens FL 33410
PMA Group 380 Sentry Parkway N 30
Blue Bell PA 19422-2328
Cape Health Solutions 7511/2West Poplar Ave N 29
West Wildwood NJ 08260
PECO Energy Corporation 2301 Market St A 29
Philadelphia PA 19103-1380
Other N 147
---------
$ 1,328
---------
Building Services
Commonwealth Edison Company A $ 420
Frank W. Hake, Inc. 1500 Chester Pike N 217
Eddy stone PA 19022-1396
Burns International Protective 444 North 3rd St N 107
Philadelphia PA 19123
Safety-Kleen Corp 1000 N. Randall Rd N 105
Elgin IL 60123
Hewitt Associates Independence Square West N 82
Philadelphia PA 19106
Phillip Services 550 Pinetown Rd N 34
Fort Washington PA 19034
Asplundh Tree Expert Company 405 Caredean Dr N 30
Horsham PA 19044
Other N 27
---------
$ 1,022
---------
Mail Services
Commonwealth Edison Company A $ 513
---------
Fleet Services
Commonwealth Edison Company A $ 75
Other N 10
---------
$ 85
---------
Other
Document Advantage Corp. 5665 Cypress Gardens Blvd N $ 87
Winter Haven FL 22884
Logos Pictures, Inc. 332 N. 39th St N 56
Philadelphia PA 19104-4610
Copyright Clearance Center 222 Rosewood Dr N 28
Danvers MA 01923
Other N 164
---------
$ 335
---------
TOTAL $ 185,717
=========
42
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Employee Pensions and Benefits - Account 926
(in thousands)
Instructions:
Provide a listing of each pension plan and benefit program provided by the
service company. Such listing should be limited to $25,000.
Description Amount
Pension $ 7,695
Post Retirement Benefits other than Pensions 5,408
Medical Plan 7,707
Dental Plan 629
Vision Plan 10
Medical Services 1,567
Long Term Disability 154
Life Insurance 763
Employee Savings and Investment Plan 3,179
Excess Benefit Savings Plan 226
Worker's Compensation 372
Tuition Reimbursement 293
Other Benefits 602
---------
TOTAL $ 28,605
=========
43
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
General Advertising Expenses - Account 930.1
(in thousands)
Instructions:
Provide a listing of the amount included in Account 930.1, "General Advertising
Expenses," classifying the items according to the nature of the advertising and
as defined in the account definition. If a particular class includes an amount
in excess of $3,000 applicable to a single payee, show separately the name of
the payee and the aggregate amount applicable thereto.
Description Name of Payee Amount
Advertising Management Tierney Communications $ 5,933
Advantage Marketing 66
Applied Marketing Science, Inc 33
Norton Rubble & Mertz Advertising 8
Other 2
--------
$ 6,042
Sponsorship Chicago Bulls $ 1,434
EFK Group 375
The Field Museum 308
Scientific Certification 122
Institute of Electrical & Electronic Engineers 100
National Council of Raza 100
Philadelphia Art Museum 100
Goodman Theatre 73
Anti-Defamation League 25
The History Makers 25
United States - Mexico Chamber of Commerce,
Mid America Chapter 25
Women Employed Institute 25
Philadelphia Convention and Visitors Bureau 23
Phil Stefani Restaurants 22
Diversity Best Practices 15
River North Chicago Dance Company 14
Hamdard Center 10
Hispanic National Bar Society 10
Junior Achievement 6
Alliance to Save Energy 5
Bismarck Enterprises 5
Hispanic Alliance for Career Enhancement 3
Other 7
--------
$ 2,832
Logo Kass Uehling $ 276
--------
44
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
General Advertising Expenses - Account 930.1 - continued
(in thousands)
Description Name of Payee Amount
Promotions Brown & Bigelow $ 36
Artcraft & Foremost 32
CCS Multimedia 28
Inniscrone Golf Club 21
JWT Specialized 15
Colorburst 7
Oak Ridge Associates 6
Other 6
--------
$ 151
Brand Management Market Strategies Inc. $ 117
Interbrand Corporation 27
Other 3
--------
$ 147
Convention Institute of Electrical & Electronic Engineers $ 60
G/M! Productions 16
--------
$ 76
Television WGBO - TV Channel $ 100
--------
Magazine Forbes Inc $ 27
ADP Financial Informational Services 11
--------
$ 38
Website BrandWizard Technologies $ 24
--------
TOTAL $ 9,686
========
45
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Miscellaneous General Expenses - Account 930.2
(in thousands)
Instructions:
Provide a listing of the amount included in Account 930.2, "Miscellaneous
General Expenses," classifying such expenses according to their nature. Payments
and expense permitted by Section 321 (b)(2) of the Federal Election Campaign
Act, as amended by Public Law 94-283 in 1976 (2 U.S.C. 441(b)(2)) shall be
separately classified.
Description Amount
Manage Long Term Securities 3,220
Provide Shareholder Services 3,821
Write off of Restructuring Balances (3,442)
Vacation and Paid Time Off (2,010)
Provide Director Services 2,047
Print Financial Reports 1,358
Conduct Annual Meeting 723
Contributions for Conventions 630
Administer Corporate Memberships 482
Conduct Audits and Property Assessments 60
Manage Short Term Debt 56
Conduct Union Negotiations 21
Manage Environmental Programs 19
College Recruiting 15
--------
TOTAL $ 7,000
========
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Rents - Account 931
(in thousands)
Instructions:
Provide a listing of the amount included in Account 931, "Rents," classifying
such expenses by major groupings of property, as defined in the account
definition of the Uniform System of Accounts.
Type of Property Amount
305 Structures and Improvements $ 8,682
307 Equipment - Informational Technology 760
--------
TOTAL $ 9,442
========
46
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Taxes Other Than Income Taxes - Account 408
(in thousands)
Instructions:
Provide an analysis of Account 408, "Taxes Other Than Income Taxes." Separate
the analysis into two groups: (1) other than U.S. Government taxes, and (2) U.S.
Government taxes. Specify each of the various kinds of taxes and show the
amounts thereof. Provide a subtotal for each class of tax.
Kind of Tax Amount
U.S. Government Taxes
Federal Insurance Contribution Tax (FICA) $ 4,735
Federal Unemployment Insurance Tax (FUTA) 81
--------
SUBTOTAL $ 4,816
========
Other than U.S. Government Taxes
State Unemployment Insurance Tax (SUTA) 245
Medicare Tax 1,607
Other 105
--------
SUBTOTAL $ 1,957
========
TOTAL $ 6,773
========
47
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Donations - Account 426.1
(in thousands)
Instructions:
Provide a listing of the amount included in Account 426.1, "Donations,"
classifying such expenses by its purpose. The aggregate number and amount of all
items of less than $3,000 may be shown in lieu of details.
Name of Recipient Purpose of Donation Amount
Millennium Park Project Charitable $ 1,030
Abraham Lincoln Presidential Library and
Museum Charitable 500
The Power of America Fund Charitable 500
Hispanic Heritage Awards Foundation Charitable 294
Chicago Cultural Center Foundation Charitable 250
Kennett Area YMCA Charitable 100
Institute of Electrical & Electric Engineers Charitable 65
YMCA of Metropolitan Chicago Charitable 50
ChildrenFirst Inc Charitable 33
Trustees of the University - Wharton Charitable 25
Granville Academy Charitable 25
Canal Corridor Association Charitable 20
The American Legion Charitable 17
Hispanic National Bar Association Charitable 15
Bryant College Charitable 15
Chicago Urban League Charitable 10
Edison African American Mgmt. Association Charitable 10
Juvenile Diabetes Research Charitable 10
New America Alliance Charitable 10
United States Holocaust Memorial Museum Charitable 10
USO of Illinois, Inc. Charitable 10
Women Employed Institute Charitable 10
Latinos United at ComEd for Service Charitable 10
Mexican Cultural Institute Charitable 7
Goodman Theatre Charitable 5
Hispanic Scholarship Fund Charitable 5
Resources for the Future Charitable 5
The CEO Coalition Charitable 5
Heartland Institute Charitable 5
Villanova University Charitable 5
Marine Corps Scholarship Fund Charitable 4
University of Chicago Charitable 3
Other Charitable 17
--------
TOTAL $ 3,080
========
48
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Other Deductions - Account 426.5
(in thousands)
Instructions:
Provide a listing of the amount included in Account 426.5, "Other Deductions,"
classifying such expenses according to their nature.
Description Name of Payee Amount
Bank Commitment Fees Bank One $ 1,054
Citibank, N.A. 241
King & Spalding 8
--------
$ 1,303
--------
Public Relations Susan Molinari LLC 275
Kessler & associates Business Services 111
Morris Schreim 104
Johnston & Associates 91
Capital Tax Partners 88
Nuclear Energy Institute 75
Washington Council Ernst & Young 63
Akin, Gump, Strauss, Haver & Feld 61
Government Strategies Inc. 44
Market Strategies Inc. 9
M.J. Bradley & Associates 8
The Tierney Group 5
Sidley & Austin 5
Kess Uehling Inc. 3
Other 13
--------
$ 955
--------
Building Fund Contributions National Republican Senatorial
Committee-Building Fund $ 75
The President's Dinner-Building Fund 25
Republican Eagles - National Committee
Building Fund 20
Democratic Congressional Campaign
Committee-Building Fund 28
Other 1
--------
$ 149
--------
Employee Settlements $ 69
--------
Exelon PAC Administration Comerica Bank $ 35
Summit Gardner & Geldmacher, LLC 10
--------
$ 45
--------
49
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Other Deductions - Account 426.5 - continued
(in thousands)
Description Name of Payee Amount
Review Legislation Foley & Lardner $ 30
Sidley & Austin 3
--------
$ 33
Penalties IRS $ 31
--------
Other $ 14
--------
TOTAL $ 2,599
========
50
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
For the Year Ended December 31, 2001
Schedule XVIII - Notes to Statement of Income
Instructions:
The space below is provided for important notes regarding the statement of
income or any account thereof. Furnish particulars as to any significant
increases in services rendered or expenses incurred during the year. Notes
relating to financial statements shown elsewhere in this report may be indicated
here by reference.
See Schedule XIV, Notes to Financial Statements
51
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
Organization Chart
Co-CEO & President, Exelon Corporation
Co-CEO & Chairman, Exelon Corporation
Exec. VP, Exelon Corporation / President, Exelon Energy Delivery and Energy
Exec. VP, Exelon Corporation / Pres. & Chief Nuclear Officer, Exelon Nuclear
Senior VP, Exelon Corporation / President, Exelon Enterprises
Senior VP, Exelon Corporation / President, Power Team Exelon
Generation Senior VP, Exelon Generation / President, Exelon
Power Senior VP, Exelon Corporation / President, Exelon Business
Services
Company
Senior VP & Chief Financial Officer, Exelon Corporation
VP & Controller
VP & General Tax Officer
VP & Corporate Treasurer
VP of Corporate Development
VP of Corporate Planning
VP of Risk Management
Senior VP of Governmental Affairs & Policy, Exelon Corporation
VP of Public Policy
VP of Congressional Affairs
Senior VP & General Counsel, Exelon Corporation
VP & Corporate Secretary
VP of Environmental Health and Safety
Senior VP & Chief Human Resources Officer, Exelon Corporation
VP of Benefits
VP of Compensation Planning
VP of HR Planning & Development
VP of Labor & Employee Relations
Senior VP, Exelon Corporation / Senior VP of Communications & Public
Affairs
52
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
Methods of Allocation
General:
Direct charges shall be made so far as costs can be identified and
related to the particular transactions involved without excessive
effort or expense. Other elements of cost, including taxes, interest,
other overhead, and compensation for the use of capital procured by
the issuance of capital stock, shall be fairly and equitably
allocated using the ratios set forth below.
Revenue Related Ratios:
Revenues
Sales - Units sold and/or transported
Number of Customers
Expenditure Related Ratios:
Total Expenditures
Operations and Maintenance Expenditures
Capital Expenditures
Service Company Billings
Service Company SLA Billings (Non-governance)
Labor/Payroll Related Ratios:
Labor / Payroll
Number of Employees
Units Related Ratios:
Usage (for example: CPU's, square feet , number of
vendor invoice payments)
Consumption (for example: tons of coal, gallons of oil,
MMBTU's)
Capacity (for example: nameplate generating capacity, peak
load, gas throughput)
Other units related
Assets Related Ratios:
Total Assets
Current Assets
Gross Plant
Composite Ratios:
Total Average Assets and 12 months ended Gross Payroll
Other composite ratios
53
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
Annual Statement of Compensation for Use of Capital Billed
(in thousands)
Account 430 Interest on debt to associate companies $ 5,865
54
Form U-13-60
Exhibit # 1
This exhibit is made pursuant to Exelon's Form U-1 Application-Declaration, as
amended (the "Merger U-1") dated October 18, 2000 and the Commission's Order
dated October 19, 2000. This exhibit reports information concerning non-service
associate company transactions provided during the period from July 1, 2001
through December 31, 2001. Any capitalized terms used herein but not defined
have the respective meanings given in the Merger U-1 or in the Commission's
Order.
See attached spreadsheet for:
1. List of companies providing services;
2. List of companies receiving services;
3. A description of the type of services provided;
4. The dollar amount of the services provided, by category;
5. A description of the method of charging for services, i.e., cost, or, if
permitted, other than cost;
6. A reference to the agreement under which such services were provided and
transfer charges were based.
AN INCOME STATEMENT AND BALANCE SHEET FOR EACH SERVICE PROVIDER FOR, AND AS OF,
THE MOST RECENTLY COMPLETED FISCAL YEAR, IS BEING PROVIDED CONFIDENTIALLY ON
FORM SE.
55
Form U-13-60 Exhibit 1
Company Company Dollar Transfer
Providing Receiving Description Amount Price Controlling
Services Services Of Services Of Services Standard Agreement
Commonwealth Exelon Business
Edison Company Services Company Facility Services $ 198,951 Cost AIA
Commonwealth Exelon Business
Edison Company Services Company Fixed Asset Accounting Services $ 966 Cost SEC Order
Commonwealth Exelon Business
Edison Company Services Company Fleet Services $ 41,794 Cost AIA
Commonwealth Exelon Business
Edison Company Services Company Offsite Facility Rental Usage $ 15,885 Cost AIA
Commonwealth Exelon Business
Edison Company Services Company Printing, mail, copying etc $ 378,966 Cost AIA
Commonwealth Exelon Enterprises
Edison Company Company, LLC Facility Services $ 2,592 Cost AIA
Commonwealth Exelon Enterprises
Edison Company Company, LLC Offsite Facility Rental Usage $ 6,354 Cost AIA
Commonwealth Exelon Enterprises
Edison Company Company, LLC PIC Payment Processing & Exceptions $ 2,840 Cost AIA
Commonwealth Exelon Generation
Edison Company Company, LLC Central Mapping (Blueprints) $ 77,913 Cost AIA
Commonwealth Exelon Generation
Edison Company Company, LLC Energy Consulting Services $ 82,821 Mkt. Rate AIA
Commonwealth Exelon Generation
Edison Company Company, LLC Equipment Maintenance $ 6,092,096 Cost SEC Order
Commonwealth Exelon Generation
Edison Company Company, LLC Equipment Metering $ 2,437,577 Cost SEC Order
Commonwealth Exelon Generation
Edison Company Company, LLC Facility Services $ 39,160 Cost AIA
Commonwealth Exelon Generation
Edison Company Company, LLC Fleet Services $ 400,387 Cost AIA
Commonwealth Exelon Generation
Edison Company Company, LLC Information Technology Services $ 423,267 Cost SEC Order
Commonwealth Exelon Generation
Edison Company Company, LLC Interconnection Maintenance $ 529 Cost SEC Order
Exhibit 1, Page 55, 1 of 8
Commonwealth Exelon Generation
Edison Company Company, LLC Legislative Services $ 34,717 Cost AIA
Commonwealth Exelon Generation
Edison Company Company, LLC Offsite Facility Rental Usage $ 33,189 Cost AIA
Commonwealth Exelon Generation
Edison Company Company, LLC Printing, mail, copying etc $ 106,569 Cost AIA
Commonwealth Exelon Generation
Edison Company Company, LLC Real Estate Services $ 59,605 Cost AIA
Commonwealth Exelon Services, Inc. Energy Consulting Services $ 1,671,915 Mkt. Rate AIA
Edison Company
Commonwealth Exelon Services, Inc. Offsite Facility Rental Usage $ 11,649 Cost AIA
Edison Company
Commonwealth Exelon Thermal Offsite Facility Rental Usage $ 9,637 Cost AIA
Edison Company Holdings Inc.
Commonwealth PECO Energy Company Marketing Services $ 247,278 Cost AIA
Edison Company
Commonwealth
Edison Company PECO Energy Company Supply / Purchasing Services $ 164,402 Cost AIA
------------
Commonwealth
Edison Company Total $12,541,058
============
Exelon Generation AmerGen Energy 1. Provide AmerGen with $ 38,541,409 Cost SEC Order
Company, LLC Company operational and
back-office support.
Exelon Generation PECO Energy Calibration, repair, and
Company, LLC Company procurement of measuring
and testing equipment $ 593,010 Cost SEC Order
Exelon Generation Commonwealth Maintenance of the Zion U-1 and
Company, LLC Edison Company U-2 Synchronous Condensers $ 1,074,829 Cost SEC Order
Exelon Generation PECO Energy Operate and Maintain 25 cycle
Company, LLC Company Frequency Converters located at
Richmond Station, Lamokin and
Somerset $3,533,917 Cost SEC Order
Exelon Generation PECO Energy
Company, LLC Company Welder training and certification $5,853 Cost SEC Order
Exhibit 1, Page 55, 2 of 8
Exelon Generation Business Services Training for: compliance, maintenance,
Company, LLC Company - Oregon development and implementation, records
Shops and administrative activities $670 Cost SEC Order
Exelon Generation PECO Energy Rental of Eddystone Training
Company, LLC Company Center Building $27,000 Cost SEC Order
Exelon Generation PECO Energy Troubleshoot and repair custom-built
Company, LLC Company underground cable fault locating
equipment $3,281 Cost SEC Order
---------------
Exelon Generation
Company, LLC Total $ 43,779,969
===============
PECO Energy Exelon Business
Company Services Company Training: Electrical & Fire $ 1,224 Cost MSA
PECO Energy Exelon Business
Company Services Company Environmental & Lab Services $ 22,215 Cost MSA
PECO Energy Exelon Business
Company Services Company Purchase / Lease / Maintain Vehicles $ 66,469 Cost MSA
PECO Energy Exelon Business
Company Services Company Real Estate Purchase & Lease Trans $ 1,453,000 Cost MSA
PECO Energy Exelon Business
Company Services Company Purchase of Materials / Logistics $ 581 Cost MSA
PECO Energy Exelon Business
Company Services Company Claims Processing $ 6,171 Cost MSA
PECO Energy Exelon Corporate
Company Center Purchase / Lease / Maintain Vehicles $ 17,061 Cost MSA
PECO Energy Exelon Corporate
Company Center Purchase of Materials / Logistics $ 112,325 Cost MSA
PECO Energy Commonwealth Edison
Company Company Purchase of Materials / Logistics $ 1,867,494 Cost MSA
PECO Energy Exelon Enterprises
Company Company, LLC Purchase of Materials / Logistics $ 529,895 Cost MSA
PECO Energy Exelon Enterprises
Company Company, LLC Purchase / Lease / Maintain Vehicles $ 85,738 Cost MSA
PECO Energy Exelon Enterprises
Company Company, LLC Real Estate Purchase & Lease Trans $ 263,610 Cost MSA
Exhibit 1, Page 55, 3 of 8
PECO Energy Exelon Generation
Company Company Purchase of Materials / Logistics $ 97,218 Cost MSA
PECO Energy Exelon Generation
Company Company Purchase / Lease / Maintain Vehicles $ 286,165 Cost MSA
PECO Energy Exelon Generation
Company Company Environmental & Lab Services $ 40,981 Cost MSA
PECO Energy Exelon Generation
Company Company Real Estate Purchase & Lease Trans $ 23,200 Cost MSA
PECO Energy Exelon Generation
Company Company Technical Support $ 776,698 Cost MSA
PECO Energy Exelon Generation
Company Company Claims Processing $ 152,053 Cost MSA
PECO Energy Exelon Generation
Company Company TM Consulting Services $ 63,338 Cost MSA
-------------
PECO Energy
Company Total $ 5,865,437
=============
Exelon Thermal Northwind
Technologies Inc. Midway LLC Engineering $ 35,900 Cost (a)
Exelon Thermal Northwind
Technologies Inc. Midway LLC Administrative and general $ 124,003 Cost (a)
Exelon Thermal Northwind
Technologies Inc. Midway LLC Plant operators $ 133,250 Market (a)
Exelon Thermal Northwind
Technologies Inc. Chicago LLC District cooling $ 510,000 Market (b)
Exelon Thermal Northwind
Technologies Inc. Chicago LLC Administrative and general $ 146,145 Cost (c)
Exelon Thermal Northwind
Technologies Inc. Chicago LLC Engineering $ 31,620 Cost (c)
Exelon Thermal Northwind
Technologies Inc. Chicago LLC Plant operators $ 196,175 Market (c)
-------------
Exelon Thermal
Technologies Inc. Total $ 1,177,093
=============
(a) Management Services Agreement between Unicom Thermal Technologies Inc. and
Northwind Midway, LLC dated June 25, 1999.
(b) District Cooling System Use Agreement between Unicom Thermal Technologies,
Inc. and Northwind Chicago LLC dated May 19, 2000.
Exhibit 1, Page 55, 4 of 8
(c) Management Services Agreement between Unicom Thermal Technologies Inc. and
Northwind Chicago LLC dated May 19, 2000.
Northwind Exelon Thermal
Chicago LLC Technologies Inc. Chilled water $ 3,958,378 Market (a)
(a) Chilled Water Service Agreement between Northwind Chicago LLC and Exelon
Thermal Technologies Inc. (formerly Unicom Thermal Technologies Inc.).
Blair Park PECO Hyperion Infrastructure
Services Inc. Telecommunications services $ 334,879 Market (a)
(a) Purchase Order No. 01026797 to Blair Park Services, Inc., commencing
November 1, 1999.
Infrasource
Integrated PECO Energy Construction
Services, Inc. Company services $15,878,373 Market (a) (b) (c)
(a) Electric and Gas Supply Operating Agreement between Exelon Infrastructure
Services of PA, Inc., and PECO Energy Company, dated October 1, 1999. SEC
Order and MSA.
(b) Outdoor Lighting Services Operating Agreement between Exelon Infrastructure
Services of PA, Inc. and PECO Energy Company, dated September 23, 1999. SEC
Order and MSA.
(c) Aerial Pole Attachment Process Operating Agreement between PECO Energy
Distribution Company and Exelon Infrastructure Services, dated November 1,
1999. SEC Order and MSA.
VSI Group Inc. PECO Energy Transfer work and
Company meter reading $ 12,361,218 Market (a)
(a) Purchase Order No. 01014646 from PECO Energy Co. to VSI Group, commencing
May 1, 1998. SEC Order and MSA.
M.J. Commonwealth Electrical
Electric, Inc. Edison Company maintenance services $ 7,955,361 Market (a)
(a) Contracts for continuing electrical maintenance services from March 1999
through June 2001. SEC order and AIA.
Exelon Thermal Northwind Administrative
Development Inc. Aladdin LLC and general $ 93,344 Cost (a)
Exelon Thermal Northwind
Development Inc. Aladdin LLC Plant operators $ 178,772 Cost (b)
Exelon Thermal Northwind Administrative
Development Inc. Las Vegas LLC and general $ 2,129 Cost (c)
Exelon Thermal Northwind Administrative
Development Inc. Windsor LLC and general $ 21,614 Cost (d)
Exelon Thermal Exelon Thermal Administrative
Development Inc. Technologies Inc. and general $ 59,067 Cost (e)
Exhibit 1, Page 55, 5 of 8
Exelon Thermal Northwind Administrative
Development Inc. Chicago LLC and general $ 27,123 Cost (f)
Exelon Thermal Unicom Power
Development Inc. Holdings inc. Office rent $ 10,384 Cost (g)
-------------
Exelon Thermal
Development Inc. Total $ 392,433
=============
(a) Management Services Agreement between Unicom Thermal Development Inc. and
Northwind Aladdin LLC dated January 1, 2001. SEC Order.
(b) Management Services Agreement between Unicom Thermal Technologies Inc. and
its associates (Unicom Thermal Development Inc.), and Northwind Midway, LLC
dated June 25, 1999. SEC Order.
(c) Management Services Agreement between Unicom Thermal Development Inc. and
Northwind Las Vegas LLC dated January 1, 2001. SEC Order.
(d) Management Services Agreement between Unicom Thermal Technologies Inc., a
New Brunswick corporation, and Northwind Windsor LLC dated September 1,
1997. SEC Order.
(e) Management Services Agreement between Unicom Thermal Development Inc. and
Exelon Thermal Technologies Inc. dated March 1, 2001. SEC Order.
(f) Management Services Agreement between Exelon Thermal Technologies Inc.
(formerly Unicom Thermal Technologies Inc.) and its associates (Unicom
Thermal Development Inc.), and Northwind Chicago LLC dated May 19, 2000.
SEC.
(g) Office Rent Affiliate Level Arrangement between Unicom Thermal Development
Inc. and Unicom Power Holdings Inc. SEC Order.
Exelon Enterprises Exelon Capital
Company, LLC. Patners, Inc. Administrative
and general $ 79,871 Cost (a)
Exelon Enterprises Exelon
Company, LLC. Services Inc. IT Services $ 374,880 Cost (a)
Exelon Enterprises Exelon
Company, LLC. Energy Inc. IT Services $ 32,112 Cost (b)
Exelon Enterprises
Company, LLC. Infrasource, Inc. IT Services $ 27,833 Cost (c)
Exelon Enterprises
Company, LLC. Infrasource, Inc. Supply services $ 52,224 Cost (d) SOW-2-01-01-B
Exelon Enterprises Exelon
Company, LLC. Communications
Holdings, LLC IT Services $ 1,040 (d)
Exelon Enterprises Commonwealth
Company, LLC. Edison Company Administrative
and general $ 19,127 Cost (d) EXENT-MKT-1
Exelon Enterprises Unicom Thermal
Company, LLC. Development Inc. Administrative
and general $ 202,722 Cost (d) EXENT-2
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Exhibit 1, Page 55, 6 of 8
Exelon Enterprises
Company, LLC. Total $ 789,809
=============
(a) Information Technology Service Level Arrangement between Exelon Enterprises
Company, LLC and Exelon Services Inc., dated as of June 25, 2001. SEC
Order.
(b) Affiliate Level Arrangement for IT Strategy, Technology Asset Tracking &
Reporting, and Videoconferencing. SEC Order.
(c) Affiliate Level Arrangement for Technology Administration, Technology Asset
Tracking & Reporting, Long Term Financial System Strategy, Disaster
Recovery, IT Documentation Services, IT Management Support, Procedures
Definition, and IT Security Review. SEC Order.
(d) SEC Order.
AT&T Wireless
PCS of Exelon Business
Philadelphia, LLC Services Company Telecommunications service $ 49,947 Market (a)
(a) AT&T Business Select-Master Agreement as amended, between PECO Energy
Company and AT&T Wireless PCS of Philadelphia, LLC, effective as of January
1, 2000. SEC Order.
Exelon Commonwealth Governmental Pass
Services, Inc. Edison Company Through - Energy Management. $ 8,050,003 Market (a)
Exelon Commonwealth Installation of
Services, Inc. Edison Company security systems. $ 839,053 Market (b)
Exelon Commonwealth Environmental and electrical
Services, Inc. Edison Company system installation and maintenance. $ 735,528 Market (c)
Exelon Exelon Generation
Services, Inc. Company, LLC Installation of security systems. $ 262,933 Market (d)
Exelon Exelon Generation
Services, Inc. Company, LLC Mechanical Services $ 1,004,175 Market (d)
Exelon Exelon Thermal Installation of
Services, Inc. Technologies Inc. environmental equipment. $ 182,400 Market (e)
-------------
Total $ 11,074,092
=============
(a) Energy Management Services Agreement between Exelon Services, Inc.
(formerly Unicom Energy Services Inc.) and Commonwealth Edison Company
dated December 29, 1998. SEC and AIA.
(b) Services and Materials Agreement between Commonwealth Edison Company and
Exelon Services, Inc. (formerly Access Systems, Inc.), dated March 6, 2000.
SEC and AIA.
(c) Project Agreement between Exelon Services (dba Midwest Mechanical) and
Jones Lang LaSalle (agent for Commonwealth Edison Company) dated December
2, 2000. SEC and AIA.
(d) Purchase Order 00018493 dated October 25, 2000, and Contract # 24910. SEC
Order.
(e) Purchase Order 5927 and Turnkey Construction Agreement between Exelon
Thermal Technologies Inc. and Exelon Services Inc. (dba Midwest Mechanical)
dated June 4, 2001. SEC Order.
Acronyms
Exhibit 1, Page 55, 7 of 8
AIA Affiliated Interests Agreement (Transactions between ComEd and
associates)
SEC Order Order dated October 19, 2000 approving the merger and other
associate matters.
MSA Mutual Services Agreement (Services between PECO and associates)
Exhibit 1, Page 55, 8 of 8
ANNUAL REPORT OF EXELON BUSINESS SERVICES COMPANY
Signature Clause
Pursuant to the requirements of the Public Utility Holding Company Act of 1935
and the rules and regulations of the Securities and Exchange Commission issued
thereunder, the undersigned company has duly caused this report to be signed on
its behalf by the undersigned officer thereunto duly authorized.
Exelon Business Services Company
--------------------------------------------------------------------------------
(Name of Reporting Company)
By: /s/ Ruth Ann M. Gillis
--------------------------------------------------------------------------------
(Signature of Signing Officer)
Ruth Ann M. Gillis, Senior Vice-President and Chief Financial Officer
--------------------------------------------------------------------------------
(Printed Name and Title of Signing Officer)
Date: April 30, 2002
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