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 October 1, 2004 through
December 31, 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: 2,303,881
Total number of shares issued through the Authorization Period: 6,200,752
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 $ 50,000 12 months Surety bonds
------------------ -------------------------------- ----------------- -------------- ---------------------
Generation Exelon Energy Company $60,000,000 12 months Energy trading
------------------ -------------------------------- ----------------- -------------- ---------------------
Exelon PECO Energy Company $ 148,000 12 months Surety bonds
------------------ -------------------------------- ----------------- -------------- ---------------------
Exelon Generation $ 2,000,000 Open Letter of Credit
------------------ -------------------------------- ----------------- -------------- ---------------------
The total amount of guaranties outstanding at December 31, 2004 was $1.995
billion.
5. Financing Order - The amount and terms of any Exelon indebtedness issued
during the quarter which shall also separately show the amount of
indebtedness issued during the Authorization Period.
Exelon issued commercial paper during the quarter at an average interest
rate of 2.04%. Exelon had $490 million in commercial paper outstanding at
December 31, 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 fourth quarter: Daily balances ranged from $0 to $36
million at an average interest rate of 2.06%.
b. Overnight commercial paper issued on behalf of ComEd during the fourth
quarter: Daily balances ranged from $0 to $180 million at an average
interest rate of 2.11%.
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 December 31, 2004, sublimits under the
credit facility were $700 million, $100 million, $100 million and $600
million for Exelon, ComEd, PECO and Generation, respectively. Exelon,
ComEd, PECO and Generation had approximately $685 million, $74
million, $100 million and $444 million of available capacity under the
credit facilities at December 31, 2004. At December 31, 2004,
commercial paper outstanding was $490 million at Exelon. ComEd,
2
Generation and PECO did not have any commercial paper outstanding at
December 31, 2004.
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 December 31, 2004.
Contributions to the Utility Money Pool
----------------------------- ------------------------------------- --------------------------------
Company Maximum Daily Contribution Average Interest Rate
----------------------------- ------------------------------------- --------------------------------
ComEd $312,000,000 2.071%
----------------------------- ------------------------------------- --------------------------------
PECO $129,000,000 2.071%
----------------------------- ------------------------------------- --------------------------------
Generation $ 53,000,000 2.071%
----------------------------- ------------------------------------- --------------------------------
Unicom Investments $157,000,000 2.071%
----------------------------- ------------------------------------- --------------------------------
Loans from the Utility Money Pool
----------------------------- ------------------------------------- --------------------------------
Company Maximum Daily Borrowing Average Interest Rate
----------------------------- ------------------------------------- --------------------------------
ComEd $ 43,000,000 2.071%
----------------------------- ------------------------------------- --------------------------------
Generation $283,000,000 2.071%
----------------------------- ------------------------------------- --------------------------------
EBSC $180,000,000 2.071%
----------------------------- ------------------------------------- --------------------------------
PECO $ 70,000,000 2.071%
----------------------------- ------------------------------------- --------------------------------
e. Short-term debt outstanding at December 31, 2004.
---------------------- ------------------------
Utility Amount
---------------------- ------------------------
ComEd
$ --
---------------------- ------------------------
ComEd of Indiana --
---------------------- ------------------------
PECO --
---------------------- ------------------------
Generation $ 283,000,000
---------------------- ------------------------
7. Financing Order - The amount and terms of any financings consummated by any
Non-Utility Subsidiary that is not exempt under rule 52 (see U-6B-2
requirement in number 15 below regarding reports of issuances that are
exempt) which shall also show separately the amount of non-exempt
securities issued by Non-Utility Subsidiaries during the Authorization
Period.
None.
8. Financing Order - The notional amount and principal terms of any Hedge
Instruments or Anticipatory Hedges entered into during the quarter and the
identity of the other parties to the transaction which shall also
separately show the outstanding amount of Hedge Instruments or Anticipatory
Hedges previously reported under this item.
In the fourth quarter of 2004, Exelon entered into three forward-starting
interest rate swaps to hedge interest rate exposure associated with future
debt issuances. The
3
swaps are designated as cash-flow hedges that attempt to minimize the
variability of 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 10/07/2004 12/15/2004 $80,000,000 Ten Barclays
years
------------ ----------------------- --------------- ------------------ -------- ----------------------
Exelon 12/13/2004 4/30/2005 $100,000,000 Ten Barclays
years
------------ ----------------------- --------------- ------------------ -------- ----------------------
Exelon 12/12/2004 4/30/2005 $100,000,000 Ten Dresdner
years
------------ ----------------------- --------------- ------------------ -------- ----------------------
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
December 31, 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 December
31, 2004. If these derivative instruments had been terminated at December
31, 2004, this estimated fair value represents the amount that would be
paid by the counterparties to ComEd.
------------------- ------------ ----------------- ------------------ -------------- -----------------
Entity Trade Date Effective Date Notional Amount Expiration Counterparty
Date
------------------- ------------ ----------------- ------------------ -------------- -----------------
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) (i) Sithe International, Inc. acquired on October 13, 2004. An
intermediate subsidiary company. Parent is TEG Holdings, LLC.
(ii) Sithe International Finance, LLC acquired on October 13, 2004.
A financing company. Parent is Sithe International, Inc.
(iii) Sithe International Finance II, LLC acquired on October 13,
2004. A financing company. Parent is Sithe International, Inc.
4
(iv) Sithe Latin American Holdings, Ltd. Acquired on October 13,
2004. An intermediate subsidiary company. Parent is Sithe
International, Inc.
(v) Sithe Pardo Holdings, Ltd. Acquired October 13, 2004. An
intermediate subsidiary company. Parent is Sithe Latin
American Holdings, Ltd.
(vi) Sithe Tamuin Holdings A, LLC acquired October 13, 2004. A
financing company. Parent is Sithe Pardo Holdings, Ltd.
(vii) Sithe Tamuin Holdings III, LLC acquired October 13,
2004. A financing company. Parent is Sithe Tamuin Holdings
A, LLC.
(viii) Sithe Tamuin Investments II, S. de R.L. de C.V. acquired
October 13, 2004. An intermediate subsidiary company. Parent
is Sithe Tamuin Holdings III, LLC
(ix) Sithe Tamuin Holdings, LLC acquired October 13, 2004. A
financing company. Parent is Sithe Pardo Holdings, Ltd.
(x) Sithe Tamuin Holdings II, LLC acquired October 13, 2004. A
financing company. Parent is Sithe Tamuin Holdings, LLC.
(xi) Sithe Tamuin Investments, S. de R.L. de C.V. acquired October
13, 2004. An intermediate subsidiary company. Parent is Sithe
Tamuin Holdings II, LLC.
(b) (i) Generation contributed $103,745,741 to TEG Holdings, LLC.
(ii) TEG Holdings, LLC, contributed $103,296,090 to Sithe
International, Inc.
(iii) Generation contributed $10,153,900 to GenFinance.
(vii) Generation contributed $30,100 to AOG#1.
(viii) Generation contributed $2,935,700 to AOG#2.
(ix) Generation contributed $456,200 to ENEH.
(x) Ventures contributed $426,798,500 to URI, LLC.
(xi) TEG Holdings, LLC contributed $2,403,504 to Sithe
International, Inc.
5
(xii) Generation contributed $202,412,200 to Exelon Generation
Consolidation, LLC, and a intermediate trust company.
(xiii) AmerGen contributed $4,982,100 to AmerGen Consolidation, LLC,
a intermediate trust company.
(xiv) Ventures contributed $36,286,623 to Enterprises.
(xv) Enterprises contributed $246,216 to Exelon Enterprises
Management, Inc.
(xvi) Exelon Enterprises Management, Inc. contributed $246,216 to
ECPH, LLC.
(xvii) ECPH, LLC contributed $246,216 to Exelon Enterprises
Investments, Inc.
(xviii) PECO contributed $1,515,089 to ExTel Corporation, LLC.
(xix) PECO Wireless, LP contributed $10,015,800 to ATNP finance
company.
(xx) PECO Wireless, LP contributed $6,309,700 to PEC Financial
Services, LLC.
(xxi) PECO contributed $100,157 to ExTel Corporation, LLC.
10. Financing Order - If any Subsidiaries are Variable Interest Entities (VIEs)
as that term is used in FASB Interpretation 46R, Consolidation of Variable
Interest Entities, provide a description of any financing transactions
conducted during the reporting period that were used to fund such VIEs.
None.
11. Financing Order - If any financing proceeds are used for VIEs, a
description of the accounting for such transactions under FASB
Interpretation 46R.
None.
12. Financing Order - Consolidated balance sheets as of the end of the quarter
and separate balance sheets as of the end of the quarter for each company,
including Exelon, that has engaged in jurisdictional financing transactions
during the quarter.
6
See Form 10-K for the quarter ended December 31, 2004 for Exelon, PECO,
ComEd and Generation, Commission File Numbers 1-16169, 1-1401, 1-1839 and
333-85496, respectively.
13. Financing Order - A table showing, as of the end of the quarter, the dollar
and percentage components of the capital structure of Exelon on a
consolidated basis and of each Utility Subsidiary.
($ in millions)
------------------------------------- ----------------- ------------
Exelon Amount Ratio
------
------------------------------------- ----------------- ------------
Common Equity $9,423 41%
------------------------------------- ----------------- ------------
Preferred Securities and Minority 129 1%.
Interests
------------------------------------- ----------------- ------------
Long-Term Debt (includes current 13,061 56%
maturities)
------------------------------------- ----------------- ------------
Short-Term Debt 490 2%
------------------------------------- ----------------- ------------
Total Capitalization $23,103 100%
------------------------------------- ----------------- ------------
------------------------------------ ------------------ ------------
ComEd Amount Ratio
-----
------------------------------------ ------------------ ------------
Common Equity $6,733 58%
------------------------------------ ------------------ ------------
Preferred Securities and Minority 7 n.m.
Interests
------------------------------------ ------------------ ------------
Long-Term Debt (includes current 4,875 42%
maturities)
------------------------------------ ------------------ ------------
Short-Term Debt n.m.
------------------------------------ ------------------ ------------
Total Capitalization $11,615 100%
------------------------------------ ------------------ ------------
------------------------------------ ------------------ ------------
PECO Amount Ratio
----
------------------------------------ ------------------ ------------
Common Equity $1,311 21%
------------------------------------ ------------------ ------------
Preferred 87 1%
------------------------------------ ------------------ ------------
Long-Term Debt (includes current 4,839 78%
maturities)
------------------------------------ ------------------ ------------
Short-Term Debt -- n.m.
------------------------------------ ------------------ ------------
7
------------------------------------ ------------------ ------------
Total Capitalization $6,237 100%
------------------------------------ ------------------ ------------
------------------------------------ ------------------ ------------
Generation Amount Ratio
----------
------------------------------------ ------------------ ------------
Member's Equity $3,039 51%
------------------------------------ ------------------ ------------
Minority Interest 44 1%
------------------------------------ ------------------ ------------
Long-Term Debt (includes current 2,630 44%
maturities)
------------------------------------ ------------------ ------------
Short-Term Debt 283 4%
------------------------------------ ------------------ ------------
Total Capitalization $5,996 100%
------------------------------------ ------------------ ------------
------------------------------------ ------------------ -----------
ComEd Indiana Amount Ratio
-------------
------------------------------------ ------------------ ------------
Common Equity $5 100%
------------------------------------ ------------------ ------------
Preferred -- n.m.
------------------------------------ ------------------ ------------
Long-Term Debt (includes current -- n.m.
maturities)
------------------------------------ ------------------ ------------
Short-Term Debt -- n.m.
------------------------------------ ------------------ ------------
Total Capitalization $5 100%
------------------------------------ ------------------ ------------
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 December 31, 2004 (in millions):
-------------------------------------- --------------------------------
Exelon
------
-------------------------------------- --------------------------------
Beginning Balance $3,256
-------------------------------------- --------------------------------
Net Income 363
-------------------------------------- --------------------------------
Dividends:
-------------------------------------- --------------------------------
Common Stock (266)
-------------------------------------- --------------------------------
Ending Balance $3,353
-------------------------------------- --------------------------------
-------------------------------------- --------------------------------
PECO
------
-------------------------------------- --------------------------------
Beginning Balance $639
-------------------------------------- --------------------------------
Net Income 83
-------------------------------------- --------------------------------
8
-------------------------------------- --------------------------------
Dividends:
-------------------------------------- --------------------------------
Common Stock (115)
-------------------------------------- --------------------------------
Preferred Stock --
-------------------------------------- --------------------------------
Ending Balance $607
-------------------------------------- --------------------------------
-------------------------------------- --------------------------------
ComEd (a)
---------
-------------------------------------- --------------------------------
Beginning Balance $1,075
-------------------------------------- --------------------------------
Net Income 165
-------------------------------------- --------------------------------
Dividends:
-------------------------------------- --------------------------------
Common Stock (138)
-------------------------------------- --------------------------------
Ending Balance $1,102
-------------------------------------- --------------------------------
(a) As of December 31, 2004, ComEd had appropriated $1,102 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 $1,031
-------------------------------------- --------------------------------
Net Income 74
-------------------------------------- --------------------------------
Distribution to Member (344)
-------------------------------------- --------------------------------
Ending Balance $761
-------------------------------------- --------------------------------
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-
9
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 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 December 31, 2004,
Exelon's "aggregate investment" (as defined in rule 53(a) under PUHCA) in
all EWGs and FUCOs was approximately $2,178 million and, accordingly, at
December 31, 2004, Exelon's remaining investment capacity under the
Modified Rule 53 Test was approximately $1,822 million. At December 31,
2004, Exelon's "consolidated retained earnings" (as defined in rule 53(a)
under PUHCA) was $3,012 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 December 31, 2004, Exelon's consolidated capitalization ratio as so
calculated was 56% debt, 41% common equity, 2% 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.)
10
21. Financing Order - The market-to-book ratio of Exelon's common stock.
At December 31, 2004, the market-to-book ratio of Exelon's common stock was
3.13 to 1.00.
22. Financing Order - Identification of any new EWG or FUCO counting against
the requested EWG/FUCO Authority in which Exelon has invested or committed
to invest during the preceding quarter.
On January 31, 2005, subsidiaries of Exelon Generation completed a series
of transactions that resulted in Exelon Generation's exit from its
investment in Sithe. Specifically, subsidiaries of Exelon Generation closed
on the acquisition of Reservoir's 50% interest in Sithe and the sale of
100% of Sithe to Dynegy. Prior to closing on the sale to Dynegy,
subsidiaries of Exelon Generation received from Sithe approximately $65
million in cash distributions. As a result of the sale, Exelon
deconsolidated from its balance sheet approximately $820 million of debt
and was released from approximately $125 million of credit support.
Additionally, Exelon issued certain guarantees to Dynegy that will be taken
into account in the final determination of the gain or loss on sale.
On October 13, 2004, Sithe transferred all of the shares of Sithe
International, Inc. and its subsidiaries to a subsidiary of Exelon
Generation in exchange for the cancellation of a $92 million note and
accrued interest. Sithe International, through its subsidiaries, had a
49.5% interest in two Mexican business trusts that own the Termoelectrica
del Golfo ("TEG") and Termoelectrica Penoles ("TEP") power stations, two
230 MW petcoke-fired generating facilities in Tamuin, Mexico that commenced
commercial operations in the second quarter of 2004. Both the TEG and TEP
power stations are EWGs.
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
25. Investment Order - Provide a copy of the consolidated balance sheet and
income statement for Ventures, Generation and Enterprises.
11
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 December 31, 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 December 31, 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 Amount Purpose
Parent Subsidiary / Subsidiary Investment Interest
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon EBSC Service company Capital NA $17,202,100 Operating funds
contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon UII, LLC Tax advantaged Capital NA $60,000,000 Operating funds
contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation GenFinance Financing Capital NA $10,153,900 Operating funds
contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation AOG#1 Intermediate Capital NA $30,100 Operating funds
contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation AOG#2 Intermediate Capital NA $2,935,700 Operating funds
contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation ENEH Intermediate Capital NA $456,200 Operating funds
contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
ENEH Exelon New EWG Capital NA $405,900 Operating funds
Boston, LLC contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Exelon Registered Capital NA $315,061,000 Operating funds
Energy holding company contribution
Deliver
Company, LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
12
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures URI, LLC Financing Capital NA $426,798,500 Financing
contribution transaction
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation ExTex Rule 58 Capital NA $23,216,600 Operating funds
Marketing, contribution
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
ExTex ExTex Power, Rule 58 Capital NA $23,419,300 Operating funds
Marketing, LLC LP contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation TEG Intermediate Capital NA $103,745,741 Acquire power
Holdings, LLC contribution plants in
Mexico
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
TEG Holdings, Sithe Intermediate Capital NA $103,296,090 Acquire power
LLC International, contribution plants in
Inc. Mexico
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
TEG Holdings, Sithe Intermediate Capital NA $2,403,504 Operating funds
LLC International, contribution
Inc.
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation Exelon Intermediate Capital NA $202,412,200 Investments in
Generation trust company contribution decommissioning
Consolidation, trust
LLC subsidiaries
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Limerick II Decommissioning Capital NA $219,300 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Dresden III Decommissioning Capital NA $373,800 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon LaSalle I Decommissioning Capital NA $483,200 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon LaSalle II Decommissioning Capital NA $388,500 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Byron II Decommissioning Capital NA $213,100 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Braidwood II Decommissioning Capital NA $41,500 Investments in
Generation NQF, LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Zion I NQF, Decommissioning Capital NA $8,202,300 Investments in
Generation LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon Zion II NQF, Decommissioning Capital NA $8,328,600 Investments in
Generation LLC trust contribution decommissioning
Consolidation, trusts
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
AmerGen Energy AmerGen Intermediate Capital NA $4,982,100 Investments in
Company Consolidation, company contribution decommissioning
LLC trust
subsidiaries
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
AmerGen AmerGen TMI Decommissioning Capital NA $2,500 Investments in
NQF, LLC trust contribution decommissioning
trusts
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
AmerGen AmerGen Decommissioning Capital NA $2,500 Investments in
Oyster Creek trust contribution decommissioning
NQF, LLC trusts
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
AmerGen AmerGen Decommissioning Capital NA $4,974,600 Investments in
Clinton NQF, trust contribution decommissioning
LLC trusts
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
13
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Generation Utility Revolving 2.31% $148,000,000 Operating funds
credit loan
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Generation Utility Revolving 2.22% $97,000,000 Operating funds
credit loan
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Generation Utility Revolving 1.78% $20,000,000 Operating funds
credit loan
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Generation Utility Revolving 1.81% $60,000,000 Operating funds
credit loan
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Generation Utility Revolving 1.86% $50,000,000 Operating funds
credit loan
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Generation Utility Revolving 1.89% $30,000,000 Operating funds
credit loan
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Generation Utility Revolving 2.34% $19,000,000 Operating funds
credit loan
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Generation Exelon Rule 58 Capital NA $679,100 Operating
PowerLabs, contribution funds
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Enterprises Intermediate Capital NA $1,916,482 Operating
holding company contribution funds
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Enterprises Intermediate Revolving Exelon's $33,936,188 Operating
holding company credit loan commercial funds
rate
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Ventures Enterprises Intermediate Capital NA $433,953 Tax sharing
holding company contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Enterprises F&M Holdings Rule 58 Capital NA $1,151,000 Operating funds
Company, LLC contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
F&M Holdings II Services, Rule 58 Revolving LIBOR $73,257 Operating funds
Company, LLC Inc. credit loan plus 50
basis
points
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Enterprises Exelon Intermediate Capital NA $246,216 Tax sharing
Enterprises holding company contribution
Management, for ETCs and
Inc. Rule 58
companies
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
F&M Holdings Fischbach & Rule 58 Revolving LIBOR $1,100,000 Operating funds
Company, LLC Moore credit loan plus 50
Electric, basis
Inc. points
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon ECPH, LLC Holding company Capital NA $246,216 Tax sharing
Enterprises for ETCs contribution
Management,
Inc.
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
ECPH, LLC Exelon Holding company Capital NA $246,216 Tax sharing
Enterprises for ETCs contribution
Investments,
Inc.
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Exelon EEI ETC Capital NA $134,940 Tax sharing
Enterprises Telecommunications contribution
Investments, Holdings, LLC
Inc.
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
Enterprises Exelon Rule 58 Revolving LIBOR $5,283,467 Operating
Services, credit loan plus 50 funds
Inc. basis points
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
ExTel PECO ETC Capital NA $151,508,874 Used for
Corporation, Wireless, LP contribution investments
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
PECO ExTel Intermediate Capital NA $1,515,089 Used for
Corporation, subsidiary contribution investments
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
PECO PECO ETC Capital NA $9,915,574 Used for
Wireless, LP contribution investments
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
PECO Wireless, ATNP Finance Financing Capital NA $10,015,800 Used for
LP Company contribution investments
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
PECO Wireless, PEC Financing Capital NA $6,309,700 Used for
LP Financial contribution investments
Services, LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
PECO ExTel Intermediate Capital NA $100,157 Used for
Corporation, subsidiary contribution investments
LLC
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
14
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
EED PECO Utility Capital NA $176,368,000 Operating funds
contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
EED PECO Utility Capital NA $19,947,960 Operating funds
contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
EED ComEd Utility Capital NA $54,872,339 Operating funds
contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
ComEd ComEd of Utility Capital NA $20,500,000 Operating funds
Indiana contribution
---------------- -------------- ----------------- ---------------- ---------- --------------- ----------------
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. National Energy Development, Inc., ceased operations. Dissolved.
Remaining assets and liabilities transferred to Sithe Energies, Inc.
Cash $ 500
Investments 32,779,200
Intercompany payables 50,700
Equity $32,729,000
2. Unicom Resources, Inc., ceased operations. Dissolved. Remaining assets
and liabilities transferred to URI, LLC.
Cash $ 3,675,200
Equity $ 3,675,200
3. Unicom Investment, Inc., Unicom Resources, Inc. ceased operations.
Dissolved. Remaining assets and liabilities transferred to UII, LLC.
Current assets $ 39,060,500
Investments 484,120,500
Liabilities 611,813,200
Equity $(88,632,200)
4. Commonwealth Research Corporation ceased operations. Dissolved.
Remaining assets and liabilities transferred to ComEd.
Cash $ 154,900
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
15
applicable, and indicating Exelon's percentage equity ownership in each
such entity.
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Tier Company Common Parent Other Voting PUHCA Type of
Shares Business and
Owned Voting Power Power Authority
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Public Utility
Exelon Holding Company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
1 Exelon Business Services Company 1 100% NA Service Company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (Captive
1 Unicom Assurance Company, Ltd.* NA 100% NA insurance company)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
1 Exelon Investment Holdings, LLC NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
1 Exelon Capital Trust I* NA 100% NA Financing company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
1 Exelon Capital Trust II* NA 100% NA Financing company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
1 Exelon Capital Trust III* NA 100% NA Financing company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
advantaged
1 UII, LLC 100 100% NA transactions)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
advantaged
2 Scherer Holdings 1, LLC NA 100% NA transactions)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
advantaged
2 Scherer Holdings 2, LLC NA 100% NA transactions)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
advantaged
2 Scherer Holdings 3, LLC NA 100% NA transactions)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
2 Spruce Holdings, G.P.2000, LLC NA 100% NA advantaged
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
2 Spruce Holdings, L.P.2000, LLC NA 100% NA advantaged
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
3 Spruce Equity Holdings, L.P. NA 99.0% Spruce, LP advantaged
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
NA 1.00% Spruce, GP
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
4 Spruce Holdings Trust NA 100% NA advantaged
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
2 Wansley Holdings 1, LLC NA 100% NA advantaged
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (tax
2 Wansley Holdings 2, LLC NA 100% NA advantaged
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Public utility
holding company,
1 Exelon Ventures Company, LLC NA 100% NA first tier
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
2 URI, LLC NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
2 Exelon Synfuel I, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Voting
limited to
tax credit
3 DTE Buckeye, LLC NA 59% activities Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
2 Exelon Synfuel II, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Voting
limited to
tax credit
3 DTE Belews Creek, LLC NA 99% activities Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
2 Exelon Synfuel III, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Voting
limited to
Carbontronics Synfuels tax credit
3 Investors, L.P. NA 16.65% activities Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Public utility
2 Exelon Generation Company, LLC NA 100% NA company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in
Exelon Generation Finance Financing
3 Company, LLC NA 100% NA Order(Financing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 NuStart Energy Development, LLC NA ~ 10% NA Development company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
ExTex Retail Services Company,
3 LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 Penesco Company, LLC NA 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (Development
3 Port City Power, LLC NA 100% NA Company)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Southeast Chicago Energy
3 Project, LLC NA 100% NA EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
16
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
5 AmerGen Energy Company, LLC NA 50.00% Generation EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Nuclear,
Limited
NA 50.00% Partnership
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
6 AmerGen Consolidation, LLC NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
7 AmerGen TMI NQF, LLC NA 100% NA Intermediate
subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
7 AmerGen Oyster Creek NQF, LLC NA 100% NA Intermediate
subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
AmerGen Clinton NQF, LLC Intermediate
7 NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 TEG Holdings, LLC NA 100% NA Intermediate
subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
4 Sithe International, Inc. NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
North America Power Services, Rule 58
5 Inc. NA 100% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Sithe Overseas Power Services, Rule 58
5 Ltd. NA 100% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
5 Sithe International Finance, LLC NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Sithe International Finance II, Financing
5 LLC NA 100% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Sithe Energy Management Rule 58
5 Services, Inc. NA 100% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Sithe Energy Management Services Rule 58
5 II, Inc. NA 100% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Sithe Latin America Holdings, Intermediate
5 Ltd. NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
6 Sithe Pardo Holdings, Ltd. NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
7 Sithe Tamuin Holdings A, LLC NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Sithe Tamuin Energy Services II, EWG
8 S. de R.L. de C.V. NA 100% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
8 Sithe Tamuin Holdings III, LLC NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Sithe Tamuin Investments II, S. Intermediate
9 de R.L. de C.V. NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
10 Tamuin Mexican Business Trust II NA 49.50% NA EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Termoelectricia Penoles, S. de EWG
11 R.L. de C.V. NA 98.00% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
7 Sithe Tamuin Holdings, LLC NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Sithe Tamuin Energy Services, S. EWG
8 de R.L. de C.V. NA 100% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
8 Sithe Tamuin Holdings II, LLC NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Sithe Tamuin Investments, S. de Intermediate
9 R.L. de C.V. NA 100% NA subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Sithe Tamuin Development, S. de Rule 58
10 R.L. de C.V. NA 50.00% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
10 Tamuin Mexican Business Trust NA 49.50% NA EWG
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Termoelectricia del Golfo, S. de EWG
11 R.L. de C.V. NA 98.00% NA
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
17
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
18
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (energy
UTECH Climate Challenge Fund, related - venture
5 L.P. NA 24.30% NA capital Rule 58)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
ECP Telecommunications Holdings,
5 LLC NA 100% NA Hold ETCs
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
6 Everest Broadband Networks NA 15.50% NA ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
6 Exotrope, Inc. NA < 10% NA ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
6 Media Station, Inc. NA 2.48% NA ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
6 SoftComp, Inc. (Permits Now) NA 15.51% NA Inactive
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
6 VITTS Network Group, Inc. NA 20.26% NA ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
6 OmniChoice.com, Inc. 30.10% NA ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
6 WorldWide Web Network Corp < 10.00% NA ETC
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Exelon Enterprises Investments, Order (Rule 58 and
5 Inc. 100% NA ETCs)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
19
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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 Company* 1,000 100% NA Rule 58
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Merger Order
reserved
jurisdiction (real
3 Adwin Realty Company 1,000 100% NA estate)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
4 Ambassador II Joint Venture* NA 50.00% NA Merger Order
reserved
jurisdiction (real
estate)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Merger Order
reserved
jurisdiction (real
4 Bradford Associates NA 50.00% NA estate)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Merger Order
reserved
jurisdiction (real
4 Henderson Ambassador Associates NA 50.00% NA estate)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 PECO Energy Transition Trust NA 100% NA Approved in Merger
Order (financing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 PECO Energy Capital Corp 1,000 100% NA Approved in Merger
Order (financing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
4 PECO Energy Capital Trust III NA 100% NA Order (financing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
4 PECO Energy Capital, LP NA 3.00% NA Order (financing)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 PECO Energy Capital Trust IV NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 PECO Energy Capital Trust V NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
3 PECO Energy Capital Trust VI NA 100% NA Financing
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
3 ExTel Corporation, LLC NA 100% NA Subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Intermediate
4 PECO Wireless, LP NA 99.00% PECO subsidiary
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
1.00% ExTel
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
20
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
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)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Approved in Merger
Order (economic and
community
3 Edison Development Company 741 100% NA development)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Merger Order
Reserved
Jurisdiction;
Investment U-1 in
Docket 70-9691
(economic and
community
3 Edison Development Canada, Inc. 15,158 100% NA development)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Merger Order
Reserved
Jurisdiction;
Investment U-1 in
Docket 70-9691
(economic and
community
4 Edison Finance Partnership NA 100% NA development)
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
* Inactive company
-------- ---------------------------------- ------------ ------------- -------------- ---------------------
Changes During the Quarter
Added
-----
UII, LLC
Formed in Illinois, November 10, 2004
URI, LLC
Formed in Illinois, November 17, 2004
Sithe International, Inc.
Acquired October 13, 2004.
North America Power Services, Inc.
Acquired October 13, 2004.
Sithe Overseas Power Services, Ltd.
Acquired October 13, 2004.
Sithe International Finance, LLC
Acquired October 13, 2004.
21
Sithe International Finance II, LLC
Acquired October 13, 2004.
Sithe Energy Management Services, Inc.
Acquired October 13, 2004.
Sithe Energy Management Services II, Inc.
Acquired October 13, 2004.
Sithe Latin American Holdings, Ltd.
Acquired October 13, 2004.
Sithe PARDO Holdings, Ltd.
Acquired October 13, 2004.
Sithe Tamuin Holdings A, LLC
Acquired October 13, 2004.
Sithe Tamuin Energy Services II, S. de R.L. de C.V.
Acquired October 13, 2004.
Sithe Tamuin Holdings III, LLC
Acquired October 13, 2004.
Sithe Tamuin Investments II, S. de R.L. de C.V.
Acquired October 13, 2004.
Tamuin Mexican Business Trust II
Acquired October 13, 2004.
Termoelectrica Penoles, S. de R.L. de C.V.
Acquired October 13, 2004.
Sithe Tamuin Holdings, LLC
Acquired October 13, 2004.
Sithe Tamuin Energy Services, S. de R.L. de C.V.
Acquired October 13, 2004.
Sithe Tamuin Holdings II, LLC
Acquired October 13, 2004.
Sithe Tamuin Investments, S. de R.L. de C.V.
Acquired October 13, 2004.
Sithe Tamuin Development Services, S. de R.L. de C.V.
Acquired October 13, 2004.
22
Tamuin Mexican Business Trust
Acquired October 13, 2004.
Termoelectrica del Golfo, S. de RL. de C.V.
Acquired October 13, 2004.
Dispositions
------------
Boston Financial Institutional Tax Credit Fund X
Sold November 12, 2004.
Boston Financial Institutional Tax Credit Fund XIV
Sold November 12, 2004.
Boston Financial Institutional Tax Credit Fund XIX
Sold November 12, 2004.
Boston Financial Institutional Tax Credit Fund XXI
Sold November 12, 2004.
Related Corporate Partners XII, L.P.
Sold November 12, 2004.
Related Corporate Partners XIV, L.P.
Sold November 12, 2004.
Related Corporate Partners IV, L.P.
Sold November 12, 2004.
Summit Corporate Tax Credit Fund II
Sold November 12, 2004.
USA Institutional Tax Credit Fund XXII
Sold November 12, 2004.
EnerTech Capital Partners II, L.P.
Sold December 1, 2004.
Kinetic Venture Fund I, LLC
Sold December 1, 2004.
Kinetic Venture Fund II, LLC
Sold December 1, 2004.
Dissolved
---------
Unicom Resources, Inc., dissolved on December 10, 2004.
23
Unicom Investment, Inc., dissolved on November 19, 2004.
Edison Development Company, dissolved on December 16, 2004.
Commonwealth Research Corporation, dissolved on December 14, 2004.
National Energy Development, Inc., dissolved November 23, 2004.
24
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: March 29, 2004
EXELON CORPORATION
By:/s/ Matthew F. Hilzinger
---------------------------
Vice President and
Corporate Controller
25
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 investment order issued to Exelon on June 27,
2002, for the period June 30, 2000 through June 30,
2005
LIBOR London interbank offered rate
LP Limited Partner
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
26
Exhibit B - Item 15
-------------------
A.
--
Enterprises has issued the security described herein which issue was exempted
from the provisions of section 6(a) of the Act and was neither the subject of a
declaration or application on Form U-1 nor included within the exemption
provided by Rule U-48.
1. Type of securities (draft, promissory note): Revolving credit loan.
2. Issue, renewal or guaranty: Issue.
3. Principal amount of each security: $33,936,188.
4. Rate of interest per annum of each security: Exelon's commercial rate.
5. Date of issue, renewal or guaranty of each security: December 22, 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:
Exelon.
9. Collateral given with each security: None.
10. Consideration given for each security: Cash.
11. Application of proceeds for each security: The proceeds from this issuance
were used for operating funds.
12. Indicate by a check after the applicable statement below whether the issue,
renewal or guaranty of each security was exempt from the provisions of
Section (a) because of:
a. the provisions contained in the first sentence of section 6 (b): [ ]
b. the provisions contained in the fourth sentence 6 (b): [ ]
c. the provisions in any rule of the Commission other than Rule U-48: [X]
13. If the security or securities are exempt from the provisions of section
6(a) by virtue of Section 6(b), give the figures that indicate that the
securities or securities aggregate (together with all other then
outstanding notes and drafts of a maturity of nine months or less,
exclusive of days of grace, as to which such company is primarily or
secondarily liable) not more than 5 per centum of the principle amount and
par value of the other securities of such company then outstanding. (Demand
notes, regardless of how long they may have been outstanding, shall be
considered as maturing in not more than nine months for
27
the purpose of the exemption from Section 6(a) of the Act granted by the
first sentence of section 6(b): Not Applicable.
14. If the securities are exempt from the provisions of section 6 (a) because
of the fourth sentence of section 6 (b), name the security outstanding on
January 1, 1935, pursuant to the terms of which the security or securities
herein described have been issued: Not Applicable.
15. If the securities are exempt from the provisions of section 6 (a) because
of any rule of the Commission other than Rule U-48 designate the rule under
which exemption is claimed: Rule 52 (b).
28
B.
--
II Services has issued the security described herein which issue was exempted
from the provisions of section 6(a) of the Act and was neither the subject of a
declaration or application on Form U-1 nor included within the exemption
provided by Rule U-48.
1. Type of securities (draft, promissory note): Revolving credit loan.
2. Issue, renewal or guaranty: Issue.
3. Principal amount of each security: $73,257.
4. Rate of interest per annum of each security: One month LIBOR plus 50 basis
points.
5. Date of issue, renewal or guaranty of each security: December 16, 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
29
the purpose of the exemption from Section 6(a) of the Act granted by the
first sentence of section 6(b): Not Applicable.
14. If the securities are exempt from the provisions of section 6 (a) because
of the fourth sentence of section 6 (b), name the security outstanding on
January 1, 1935, pursuant to the terms of which the security or securities
herein described have been issued: Not Applicable.
15. If the securities are exempt from the provisions of section 6 (a) because
of any rule of the Commission other than Rule U-48 designate the rule under
which exemption is claimed: Rule 52 (b).
30
C.
--
Exelon Services, Inc. has issued the security described herein which issue was
exempted from the provisions of section 6(a) of the Act and was neither the
subject of a declaration or application on Form U-1 nor included within the
exemption provided by Rule U-48.
1. Type of securities (draft, promissory note): Revolving credit loan.
2. Issue, renewal or guaranty: Issue.
3. Principal amount of each security: $5,283,467.
4. Rate of interest per annum of each security: LIBOR plus 50 basis points.
5. Date of issue, renewal or guaranty of each security: December 31, 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:
Enterprises.
9. Collateral given with each security: None.
10. Consideration given for each security: Cash.
11. Application of proceeds for each security: The proceeds from the revolving
credit loan were used to provide operating funds.
12. Indicate by a check after the applicable statement below whether the issue,
renewal or guaranty of each security was exempt from the provisions of
Section (a) because of:
a. the provisions contained in the first sentence of section 6 (b): [ ]
b. the provisions contained in the fourth sentence 6 (b): [ ]
c. the provisions in any rule of the Commission other than Rule U-48:
[X]
13. If the security or securities are exempt from the provisions of section
6(a) by virtue of Section 6(b), give the figures that indicate that the
securities or securities aggregate (together with all other then
outstanding notes and drafts of a maturity of nine months or less,
exclusive of days of grace, as to which such company is primarily or
secondarily liable) not more than 5 per centum of the principle amount and
par value of the other securities of such company then outstanding. (Demand
notes, regardless of how long they may have been outstanding, shall be
considered as maturing in not more than nine months for the purpose of the
exemption from Section 6(a) of the Act granted by the first
31
sentence of section 6(b): Not applicable.
14. If the securities are exempt from the provisions of section 6 (a) because
of the fourth sentence of section 6 (b), name the security outstanding on
January 1, 1935, pursuant to the terms of which the security or securities
herein described have been issued: Not applicable.
15. If the securities are exempt from the provisions of section 6 (a) because
of any rule of the Commission other than Rule U-48 designate the rule under
which exemption is claimed: Rule 52 (b).
32
D.
--
Fischbach & Moore Electric, Inc. has issued the security described herein which
issue was exempted from the provisions of section 6(a) of the Act and was
neither the subject of a declaration or application on Form U-1 nor included
within the exemption provided by Rule U-48.
1. Type of securities (draft, promissory note): Revolving credit loan.
2. Issue, renewal or guaranty: Issue.
3. Principal amount of each security: $1,100,0000.
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 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: Enterprises.
9. Collateral given with each security: None.
10. Consideration given for each security: Cash.
11. Application of proceeds for each security: The proceeds from this
issuance were used for operating funds.
12. Indicate by a check after the applicable statement below whether the
issue, renewal or guaranty of each security was exempt from the
provisions of Section
(a) because of:
a. the provisions contained in the first sentence of section 6 (b): [ ]
b. the provisions contained in the fourth sentence 6 (b): [ ]
c. the provisions in any rule of the Commission other than Rule U-48:
[X]
13. If the security or securities are exempt from the provisions of section
6(a) by virtue of Section 6(b), give the figures that indicate that the
securities or securities aggregate (together with all other then
outstanding notes and drafts of a maturity of nine months or less,
exclusive of days of grace, as to which such company is primarily or
secondarily liable) not more than 5 per centum of the principle amount
and par value of the other securities of such company then outstanding.
(Demand notes, regardless of how long they may have been outstanding,
shall be considered as maturing in not more than nine months for
33
the purpose of the exemption from Section 6(a) of the Act granted by the
first sentence of section 6(b): Not Applicable.
14. If the securities are exempt from the provisions of section 6 (a) because
of the fourth sentence of section 6 (b), name the security outstanding on
January 1, 1935, pursuant to the terms of which the security or
securities herein described have been issued: Not Applicable.
15. If the securities are exempt from the provisions of section 6 (a) because
of any rule of the Commission other than Rule U-48 designate the rule
under which exemption is claimed: Rule 52 (b).
34