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 July 1, 2004 through
September 30, 2004. 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: 2,399,470
Total number of shares issued through the Authorization Period: 3,896,871
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 ComEd $76,000 12 months Surety bonds
------------------ -------------------------------- ----------------- -------------- ---------------------
Generation Exelon Energy Company $2,500,000 12 months Energy trading
------------------ -------------------------------- ----------------- -------------- ---------------------
Exelon PECO Energy Company $112,000 12 months Surety bonds
------------------ -------------------------------- ----------------- -------------- ---------------------
The total amount of guaranties outstanding at September 30, 2004 was $1.882 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 1.60%. Exelon had $325 million in commercial paper outstanding at
September 30, 2004.
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 third quarter: Daily balances ranged from $0 to $73
million at an average interest rate of 1.502%.
b. Overnight commercial paper issued on behalf of ComEd during the third
quarter: None.
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 September 30, 2004, sublimits under the
credit facility were $700 million, $250 million, $100 million and $450
million for Exelon, ComEd, PECO and Generation, respectively. Exelon,
ComEd, PECO and Generation had approximately $691 million, $224
million, $100 million and $266 million of available capacity under the
credit facilities at September 30, 2004. At September 30, 2004,
commercial paper outstanding was $325 million at Exelon. ComEd,
Generation and PECO did not have any commercial paper outstanding at
September 30, 2004.
2
d. Contributions to and loans from the Utility Money Pool: The activity
below reflects contributions to and loans from the Money Utility Pool
for the quarter ending September 30, 2004.
Contributions to the Utility Money Pool
----------------------------- ------------------------------------- --------------------------------
Company Maximum Daily Contribution Average Interest Rate
----------------------------- ------------------------------------- --------------------------------
ComEd of Indiana $20,500,000 1.296%
----------------------------- ------------------------------------- --------------------------------
ComEd $478,500,000 1.515%
----------------------------- ------------------------------------- --------------------------------
PECO $161,000,000 1.515%
----------------------------- ------------------------------------- --------------------------------
Generation $17,000,000 1.515%
----------------------------- ------------------------------------- --------------------------------
Unicom Investments $160,000,000 1.515%
----------------------------- ------------------------------------- --------------------------------
Loans from the Utility Money Pool
----------------------------- ------------------------------------- --------------------------------
Company Maximum Daily Borrowing Average Interest Rate
----------------------------- ------------------------------------- --------------------------------
ComEd $37,500,000 1.296%
----------------------------- ------------------------------------- --------------------------------
Generation $546,000,000 1.515%
----------------------------- ------------------------------------- --------------------------------
EBSC $165,000,000 1.515%
----------------------------- ------------------------------------- --------------------------------
PECO $36,000,000 1.515%
----------------------------- ------------------------------------- --------------------------------
e. Short-term debt outstanding at September 30, 2004.
---------------------------------- ----------------------------------
Utility Amount
---------------------------------- ----------------------------------
ComEd $17,000,000
---------------------------------- ----------------------------------
ComEd of Indiana --
---------------------------------- ----------------------------------
PECO --
---------------------------------- ----------------------------------
Generation --
---------------------------------- ----------------------------------
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 the outstanding amount of Hedge Instruments or Anticipatory
Hedges previously reported under this item.
In the third quarter of 2004, Exelon entered into two forward-starting
interest rate swaps to hedge interest rate exposure associated with future
debt issuances. The swaps are designated as cash-flow hedges that attempt
to minimize the variability of
3
the future interest expense associated with changes in the three-month
LIBOR rate. A table summarizing the forward-starting swap transactions that
were entered into in the third quarter is presented below.
-------------------- ------------- ------------------ ----------------- ------------ -----------------
Entity Trade Date Effective Date Notional Amount Term Counterparty
-------------------- ------------- ------------------ ----------------- ------------ -----------------
Exelon 9/17/04 12/15/04 $80,000,000 Ten years Citigroup
-------------------- ------------- ------------------ ----------------- ------------ -----------------
Exelon 9/24/04 12/15/04 $80,000,000 Ten years Merrill Lynch
-------------------- ------------- ------------------ ----------------- ------------ -----------------
In 2004, ComEd entered into fixed-to-floating interest-rate swaps in order
to maintain its targeted percentage of variable-rate debt associated with
fixed-rate debt issuances in the aggregate amount of $240 million. At
September 30, 2004, these interest-rate swaps, designated as fair-value
hedges, had an aggregate fair market value of $9 million based on the
present value difference between the contract and market rates at September
30, 2004. If these derivative instruments had been terminated at September
30, 2004, this estimated fair value represents the amount that would be
paid by the counterparties to ComEd.
------------------- ------------ ----------------- ------------------ -------------- -----------------
Expiration
Entity Trade Date Effective Date Notional Amount Date Counterparty
------------------- ------------ ----------------- ------------------ -------------- -----------------
ComEd 04/22/04 04/26/04 $120,000,000 03/15/12 Dresdner
------------------- ------------ ----------------- ------------------ -------------- -----------------
ComEd 06/10/04 06/15/04 $120,000,000 03/15/12 JP Morgan
------------------- ------------ ----------------- ------------------ -------------- -----------------
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) TEG Holdings, LLC formed July 19, 2004, an intermediate company,
currently inactive.
(b) (i) Generation contributed $4,559,500 to Exelon SHC, Inc.
(ii) Exelon SHC, Inc. contributed $4,559,500 to EXRES SHC, Inc.
(iii)EXRES SHC, Inc. contributed $4,559,500 to ExRes Power Holdings,
Inc.
(iv) ExRES Power Holdings, Inc. contributed $2,006,600 to National
Energy Development, Inc.
4
(v) Generation contributed $29,559,100 to Exelon Generation
Consolidation, LLC.
(vi) Generation contributed $10,000 to AmerGen.
(vii) Exelon contributed $210,300 to Exelon Investment Holdings, LLC.
(viii) Ventures contributed $250,000,000 to Enterprises.
(ix) Enterprises contributed $1,200,000 to Exelon Enterprises
Management, Inc.
(x) Exelon Enterprises Management, Inc. contributed $1,200,000 to
ECPH, LLC.
(xi) PECO contributed $1,466,057 to ExTel Corporation, LLC.
(xii) AmerGen contributed $10,000 to AmerGen Consolidation, LLC
(c) PEC Financial Services, LLC issued $97 million in intercompany notes
during the quarter ended September 30, 2004. PEC Financial Services
has issued $187,000,000 of intercompany notes during the Authorization
Period.
10. Financing Order - If any Subsidiaries are Variable Interest Entities (VIEs)
as that term is used in FASB Interpretation 46R, Consolidation of Variable
Interest Entities, provide a description of any financing transactions
conducted during the reporting period that were used to fund such VIEs.
None.
11. Financing Order - If any financing proceeds are used for VIEs, a
description of the accounting for such transactions under FASB
Interpretation 46R.
None.
12. Financing Order - Consolidated balance sheets as of the end of the quarter
and separate balance sheets as of the end of the quarter for each company,
including Exelon, that has engaged in jurisdictional financing transactions
during the quarter.
See Form 10-Q for the quarter ended September 30, 2004 for Exelon, PECO,
ComEd and Generation, Commission File Numbers 1-16169, 1-1401, 1-1839 and
333-85496, respectively.
13. Financing Order - A table showing, as of the end of the quarter, the dollar
and percentage components of the capital structure of Exelon on a
consolidated basis and of each Utility Subsidiary.
5
($ in millions)
------------------------------------- ----------------- ------------
Exelon Amount Ratio
------------------------------------- ----------------- ------------
Common Equity $9,546 40%
------------------------------------- ----------------- ------------
Preferred Securities and Minority 140 1%.
Interests
------------------------------------- ----------------- ------------
Long-Term Debt (includes current 13,747 58%
maturities)
------------------------------------- ----------------- ------------
Short-Term Debt 325 1%
------------------------------------- ----------------- ------------
Total Capitalization $23,758 100%
------------------------------------- ----------------- ------------
------------------------------------ ------------------ ------------
ComEd Amount Ratio
------------------------------------ ------------------ ------------
Common Equity $6,620 55%
------------------------------------ ------------------ ------------
Preferred Securities and Minority 8 n.m.
Interests
------------------------------------ ------------------ ------------
Long-Term Debt (includes current 5,387 45%
maturities)
------------------------------------ ------------------ ------------
Short-Term Debt 17 n.m.
------------------------------------ ------------------ ------------
Total Capitalization $12,032 100%
------------------------------------ ------------------ ------------
------------------------------------ ------------------ ------------
PECO Amount Ratio
------------------------------------ ------------------ ------------
Common Equity $1,132 18%
------------------------------------ ------------------ ------------
Preferred 87 1%
------------------------------------ ------------------ ------------
Long-Term Debt (includes current 5,103 81%
maturities)
------------------------------------ ------------------ ------------
Short-Term Debt -- n.m.
------------------------------------ ------------------ ------------
Total Capitalization $6,322 100%
------------------------------------ ------------------ ------------
6
------------------------------------ ------------------ ------------
Generation Amount Ratio
------------------------------------ ------------------ ------------
Member's Equity $3,330 57%
------------------------------------ ------------------ ------------
Minority Interest 55 1%
------------------------------------ ------------------ ------------
Long-Term Debt (includes current 2,505 42%
maturities)
------------------------------------ ------------------ ------------
Short-Term Debt -0- n.m.
------------------------------------ ------------------ ------------
Total Capitalization $5,890 100%
------------------------------------ ------------------ ------------
------------------------------------ ------------------ ------------
ComEd Indiana Amount Ratio
------------------------------------ ------------------ ------------
Common Equity $33 100%
------------------------------------ ------------------ ------------
Preferred -- n.m.
------------------------------------ ------------------ ------------
Long-Term Debt (includes current -- n.m.
maturities)
------------------------------------ ------------------ ------------
Short-Term Debt -- n.m.
------------------------------------ ------------------ ------------
Total Capitalization $33 100%
------------------------------------ ------------------ ------------
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 September 30, 2004 (in millions):
-------------------------------------- --------------------------------
Exelon
-------------------------------------- --------------------------------
Beginning Balance $2,889
-------------------------------------- --------------------------------
Net Income 568
-------------------------------------- --------------------------------
Dividends:
-------------------------------------- --------------------------------
Common Stock (201)
-------------------------------------- --------------------------------
Ending Balance $3,256
-------------------------------------- --------------------------------
-------------------------------------- --------------------------------
PECO
-------------------------------------- --------------------------------
Beginning Balance $597
-------------------------------------- --------------------------------
Net Income 139
-------------------------------------- --------------------------------
Dividends:
-------------------------------------- --------------------------------
Common Stock (96)
-------------------------------------- --------------------------------
Preferred Stock (1)
-------------------------------------- --------------------------------
Ending Balance $639
-------------------------------------- --------------------------------
7
-------------------------------------- --------------------------------
ComEd (a)
-------------------------------------- --------------------------------
Beginning Balance $1,064
-------------------------------------- --------------------------------
Net Income 124
-------------------------------------- --------------------------------
Dividends:
-------------------------------------- --------------------------------
Common Stock (113)
-------------------------------------- --------------------------------
Ending Balance (a) $1,075
-------------------------------------- --------------------------------
(a) As of September 30, 2004, ComEd had appropriated $1,078 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 $773
-------------------------------------- --------------------------------
Net Income 319
-------------------------------------- --------------------------------
Distribution to Member (61)
-------------------------------------- --------------------------------
Ending Balance $1,031
-------------------------------------- --------------------------------
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).
None.
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.
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.
None.
17. Financing Order - A copy of relevant documents (e.g., underwriting
agreements, indentures, bank agreements) for the relevant quarter will be
filed with, or
8
incorporated by reference from 1933 Act or 1934 Act filings in such Rule 24
Certificates.
None.
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 September 30, 2004,
Exelon's "aggregate investment" (as defined in rule 53(a) under PUHCA) in
all EWGs and FUCOs was approximately $2,143 million and, accordingly, at
September 30, 2004, Exelon's remaining investment capacity under the
Modified Rule 53 Test was approximately $1,857 million. At September 30,
2004, Exelon's "consolidated retained earnings" (as defined in rule 53(a)
under PUHCA) was $2,754 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 September 30, 2004, Exelon's consolidated capitalization ratio as so
calculated was 58% debt, 40% common equity, 1% short-tem, and 1% 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 September 30, 2004, the market-to-book ratio of Exelon's common stock
was 2.57 to 1.00.
9
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.
On November 25, 2003, Exelon Generation Company, LLC (Generation),
Reservoir Capital Group (Reservoir) and Sithe Energies, Inc. (Sithe)
completed a series of transactions resulting in Generation and Reservoir
each indirectly owning a 50% interest in Sithe. Both Generation's and
Reservoir's 50% interests in Sithe were subject to put and call options
that could result in either party owning 100% of Sithe.
On September 29, 2004, Generation exercised its call option to acquire
Reservoir's 50% interest in Sithe for $97 million. The closing of the call
is subject to state and Federal regulatory approvals.
On November 1, 2004, Generation entered into an agreement to sell Sithe to
Dynegy Inc. for $135 million in cash. Exelon expects that, prior to closing
on the sale to Dynegy, it will receive from Sithe approximately $60 million
in cash distributions. The sale will enable Exelon to deconsolidate from
its balance sheet approximately $836 million of debt associated with the
Independence generating plant.
Sithe's remaining operating assets total approximately 1,350 MWs, including
1,020 MWs in the Independence plant. The sale will not include Sithe
International Inc., which has been sold to a subsidiary of Generation.
Sithe International, Inc. is the entity that indirectly owns a 49.5%
interest in the Mexican Business Trusts, which own the TEG projects
consisting of two gas-fired plants in Mexico that commenced commercial
operations in the second quarter of 2004.
The sale of Sithe to Dynegy is subject to Federal and state regulatory
approvals. The parties anticipate closing early in the first quarter of
2005.
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 third quarter of 2004
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, total
earnings growth by EWG and FUCO project in the third quarter of 2004
10
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 September 30, 2004. See Form
10-Q for Generation filed on October 27, 2004.
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 September 30, 2004.
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;
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
Parent Subsidiary / Subsidiary Investment Interest Amount Purpose
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation Exelon SHC, Intermediate Capital NA $4,559,500 Operating funds
Inc contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon SHC, Inc EXRES SHC, Intermediate Capital NA $4,559,500 Operating funds
Inc. contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
EXRES SHC, Inc. ExRES Power Intermediate Capital NA $4,559,500 Operating funds
Holdings, contribution
Inc.
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
ExRES Power National Intermediate Capital NA $2,006,600 Operating funds
Holdings, Inc. Energy contribution
Development,
Inc.
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
ExRES Power Sithe EWG Capital NA $4,559,500 Operating funds
Holdings, Inc. contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
11
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation Exelon Intermediate Capital NA $29,559,100 Investments in
Generation trust company contribution decommissioning
Consolidation, trust
LLC subsidiaries
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Limerick I Decommissioning Capital NA $2,500 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Limerick II Decommissioning Capital NA $331,500 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon PeachBottom Decommissioning Capital NA $412,100 Investments in
Generation I NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon PeachBottom Decommissioning Capital NA $2,500 Investments in
Generation II NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Dresden I Decommissioning Capital NA $8,527,700 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Dresden II Decommissioning Capital NA $310,900 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Dresden III Decommissioning Capital NA $1,061,600 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon LaSalle I Decommissioning Capital NA $232,500 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon LaSalle II Decommissioning Capital NA $168,400 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Byron I NQF, Decommissioning Capital NA $5,000 Investments in
Generation LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Byron II Decommissioning Capital NA $101,600 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Braidwood I Decommissioning Capital NA $18,500 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Braidwood II Decommissioning Capital NA $2,500 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Quad Cities Decommissioning Capital NA $273,400 Investments in
Generation I NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Quad Cities Decommissioning Capital NA $275,800 Investments in
Generation II NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Salem I NQF, Decommissioning Capital NA $569,600 Investments in
Generation LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
12
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Salem I NQF, Decommissioning Capital NA $399,900 Investments in
Generation LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation AmerGen Intermediate Capital NA $10,000 Investments in
Energy company contribution decommissioning
Company trust
subsidiaries
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
AmerGen Energy AmerGen Intermediate Capital NA $10,000 Investments in
Company Consolidation, company contribution decommissioning
LLC trust
subsidiaries
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
AmerGen AmerGen TMI Decommissioning Capital NA $5,000 Investments in
NQF, LLC trust contribution decommissioning
trusts
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
AmerGen AmerGen Decommissioning Capital NA $5,000 Investments in
Oyster Creek trust contribution decommissioning
NQF, LLC trusts
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
AmerGen AmerGen Decommissioning Capital NA $5,000 Investments in
Clinton NQF, trust contribution decommissioning
LLC trusts
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Generation Utility Revolving 1.47% $15,000,000 Operating funds
credit loan
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Generation Utility Revolving 1.60% $14,000,000 Operating funds
credit loan
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Generation Utility Revolving 1.68% $6,000,000 Operating funds
credit loan
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Generation Utility Revolving 1.75% $4,500,000 Operating funds
credit loan
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Generation Utility Revolving 1.77% $4,000,000 Operating funds
credit loan
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
GenFinance Exelon Rule 58 Revolving One $250,000 Operating
PowerLabs, credit loan month funds
LLC LIBOR
plus
.625%
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
GenFinance Exelon Rule 58 Revolving One $250,000 Operating
PowerLabs, credit loan month funds
LLC LIBOR
plus
.625%
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon New Exelon New EWG Capital NA $3,055,969 Operating funds
England England contribution
Holdings, LLC Power
Services,
Inc.
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon New Exelon EWG Capital NA $54,367 Operating funds
England Boston contribution
Holdings, LLC Services, LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Enterprises Intermediate Capital NA $250,000,000 Payoff
holding company contribution intercompany
loan
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
F&M Holdings II Services, Rule 58 Revolving LIBOR $33,546 Operating funds
Company, LLC Inc. credit loan plus 50
basis
points
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Enterprises Exelon Intermediate Capital NA $1,200,000 Operating funds
Enterprises holding company contribution
Management, for ETCs and
Inc. Rule 58
companies
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon ECPH, LLC Holding company Capital NA $1,200,000 Operating funds
Enterprises for ERCs contribution
Management,
Inc.
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Enterprises Exelon Rule 58 Capital NA $25,000,000 Payoff outside
Thermal contribution debt
Holdings,
Inc.
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Enterprises Exelon Rule 58 Capital NA $86,000,000 Payoff
Services, contribution intercompany
Inc. loan
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
ExTel PECO ETC Capital NA $146,605,662 Used for
Corporation, Wireless, LP contribution investments
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
PECO ExTel Intermediate Capital NA $1,466,057 Used for
Corporation, subsidiary contribution investments
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
13
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Exelon Rule 58 Capital NA $18,986,200 Operating funds
Synfuel I, contribution
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Exelon Rule 58 Capital NA $11,156,300 Operating funds
Synfuel II, contribution
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Exelon Rule 58 Capital NA $4,611,600 Operating funds
Synfuel III, contribution
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Unicom Approved in Capital NA $345,927,700 Operating funds
Investments, Merger Order contribution
Inc.
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Exelon Intermediate Capital NA $210,300 Facilitate the
Investment company contribution sale of
Holdings, LLC tax-advantaged
housing
interests
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
PECO PEC Financials Merger Approved Loan 9.75% to %97,000,000 Operating Funds
Wireless, LP Services, LLC (Financing) 12.70%
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
PECO PECO Intermediate Capital 9.95% to $101,435,954 Operating Funds
Wireless, LP company contribution 12.70%
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
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.
1. Unicom Power Holdings, LLC
Ceased operations. Dissolved. Remaining assets and liabilities transferred
to its parent, Exelon Enterprises, LLC.
AR - Intercompany $8,916,757
Deferred tax asset 5,046
Miscellaneous payables 995
Federal income taxes payable 390,512
Equity 8,530,296
2. Exelon Boston Services, LLC
Ceased operations. Dissolved. Remaining assets and liabilities transferred
to ENEH Services, LLC.
Cash $ 7,300
AR - Other 157,500
AR - Intercompany 94,400
Miscellaneous payables 14,000
Accrued expenses 208,900
Equity 36,300
3. Exelon New England Power Services, Inc.
Ceased operations. Dissolved. Remaining assets and liabilities transferred
to ENEH Services, LLC.
Cash $ 220,100
AR - Other 124,600
AR - Intercompany 506,900
Deferred income taxes 829,200
AP - Miscellaneous 500
14
AP - Intercompany 50,600
Accrued expenses 2,908,000
Equity (1,278,300)
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. 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
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
1 Unicom Resources, Inc. * 100 100% NA Inactive
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
advantaged
Boston Financial Institutional transactions -
2 Tax Credit Fund X NA 10.72% NA housing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
advantaged
Boston Financial Institutional transactions -
2 Tax Credit Fund XIV NA 43.69% NA housing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
advantaged
Boston Financial Institutional transactions -
2 Tax Credit Fund XIX NA 14.19% NA housing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
advantaged
Boston Financial Institutional transactions -
2 Tax Credit Fund XXI NA 34.54% NA housing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
advantaged
Related Corporate Partners XII, transactions -
2 L.P. NA 36.03% NA housing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
advantaged
Related Corporate Partners XIV, transactions -
2 L.P. NA 15.99% NA housing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
advantaged
Related Corporate Partners IV, transactions -
2 L.P. NA 15.99% NA housing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
advantaged
Summit Corporate Tax Credit transactions -
2 Fund, II NA 33.00% NA housing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
advantaged
USA Institutional Tax Credit transactions -
2 Fund, XXII NA 24.49% NA housing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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 Unicom Investment, Inc. 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)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
15
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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 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 TEG Holdings, LLC NA 100% NA EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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
4 EXRES SHC, Inc. NA 50.00% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
5 ExRES Power Holdings, Inc. NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
National Energy Development, Intermediate
6 Inc. 100 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
ExRES Power
Holdings, Combination EWG and
6 Sithe Energies, Inc. 56.00% Inc. Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
National
Energy
Development,
44.00% Inc.
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
16
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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 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
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
17
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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 1NQF, 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 1NQF, 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
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Merger U-1
Amendment # 5
(reserved
5 Kinetic Venture Fund I, LLC NA 22.22% NA jurisdiction)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Merger U-1
Amendment # 5
(reserved
5 Kinetic Venture Fund II, LLC NA 14.30% NA jurisdiction)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
5 Enertech Capital Partners II NA 6.10% NA ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (erergy
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
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
18
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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 Entrade, Inc. < 10.00% 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)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
EEI Telecommunications Holdings,
6 LLC NA 100% NA ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Exelon Communications Holdings,
7 LLC NA 100% NA ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
8 PHT Holdings, LLC NA 100% NA Held by ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Exelon Communications Company,
8 LLC NA 100% NA Held by ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
5 WCB Services, LLC NA 49.00% 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 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 Copmpany* 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)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
19
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Merger Order
reserved
jurisdiction (real
4 Bradford Associates NA 50.00% NA estate)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Merger Order
reserved
jurisdiction (real
4 Franklin Town Tower Associates 50 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 ERC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 Commonwealth Research Corporation 200 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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
20
Changes During the Quarter
Subsidiaries Added
------------------
Carbontronics Synfuels Investors, L.P.
Acquired by Synfuel III on 7/1/2004, 16.65% interest.
TEG Holdings, LLC
Incorporated in Delaware on 7/19/2004.
Name Changes
------------
Exelon Boston Services, LLC name change to BG Boston Services, LLC, 8/3/2004.
Exelon New England Power Services, Inc.
BG New England Power Services, Inc., 8/3/2004.
Dispositions
------------
BG Boston Services, LLC transferred to the lenders of Exelon Boston Generating
on 9/1/2004.
BG New England Power Services, Inc. transferred to the
lenders of Exelon Boston Generating on 9/1/2004.
ETT Nevada, Inc. sold on 9/29/2004.
Northwind Aladdin, LLC sold on 9/29/2004.
Companies Dissolved
-------------------
Unicom Power Holdings, LLC dissolved on 9/23/2004.
ETT Houston, Inc. dissolved on 7/19/2004.
21
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: November 29, 2004
EXELON CORPORATION
By: /s/ Matthew F. Hilzinger
----------------------------
Vice President and Corporate Controller
22
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
Fossil Holdings Exelon (Fossil) Holdings, Inc.
Generation Exelon Generation Company, LLC
GenFinance Exelon Generation Finance Company
GP General partner
Investment Order SEC investing 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
NEDI National Energy Development, Inc.
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
23
Exhibit B - Item 15
-------------------
A.
--
Exelon PowerLabs, 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: $250,000.
4. Rate of interest per annum of each security: One month LIBOR plus .625%.
5. Date of issue, renewal or guaranty of each security: August 2, 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:
GenFinance.
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
24
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).
25
B.
--
Exelon PowerLabs, 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: $250,000.
4. Rate of interest per annum of each security: One month LIBOR plus .625%.
5. Date of issue, renewal or guaranty of each security: September 3, 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:
GenFinance.
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
26
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).
27
C.
--
II 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: $33,546.
4. Rate of interest per annum of each security: LIBOR plus 50 basis points.
5. Date of issue, renewal or guaranty of each security: July 7, 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 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
28
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).
29
D.
--
PEC Financial Services, 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: $97,000,000.
4. Rate of interest per annum of each security: 9.75% to 12.75%.
5. Date of issue, renewal or guaranty of each security: July 1, 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:
ATNP Finance Company.
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
30
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).
31
E.
--
PECO Wireless, LP 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: $101, 435,954.
4. Rate of interest per annum of each security: 9.95% to 12.70%.
5. Date of issue, renewal or guaranty of each security: July 1, 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:
PECO Financial Services, 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 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 the purpose of the
exemption from Section 6(a) of the Act granted by the first
32
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).
33